calvin klein, tommy hilfiger some smaller labels. pvh is a global operator with a ton of exposure to europe which is a major reason why this well-run company has had kind of a rough time the past couple years. there was a lot of chatter about how the strong dollar is going to crush the company's results. bountiful overseas sales translate back to fewer greenbacks. a lot of people were worried. pvh blows the doubters away by some fabulously better than expected numbers. despite taking a big hit in currency, the company still earned $1.50 per share. revenues came in higher than anticipated. plus pvh also authorized a substantial $500 million buyback, something you know we've been waiting for and talked about. let's take a closer look with manny chirico, the chairman and ceo of pvh. welcome back to "mad money." good to see you, sir. first thing i think of is like is it for real? 500 million$500 million buyback. an actual strong beat. within the numbers, it's still not going on all cylinders. but if this is what you can earn with these n

nermeen: naomi klein, your response to what rick santorum said?it is just another example of an awkward situation so many republicans are in right now. mark marino of fox news, climate change denier types from the heartland institute, you know talking about the unholy alliance within the vatican and the united nations. you're not going to out catholic the pope. the document is not just about climate change. it is a broader ecological crisis. it is also about the crisis of inequality. i think the most significant aspect of the document, and certainly why i had been invited to speak at this conference at the vatican is because they are trying to make the conversation about the failures of our economic system, which is a very live conversation around the world, and the conversation about climate change come together. because they are so often segmented. this is true, for instance, in europe right now where europe is in the grips of austerity crisis and poverty is exploding and there is this idea that, first, you have to solve economic crisis and then

she got me like this calf-- they come out with calvin klein-- can i stand up?r stomach in like a girdle so i look like a ( bleep ) million dollars. so they said, "ladies and gentlemen, mr. lewis." "how are you?" i told my wife-- i did the show, it went well. and then i went out and snuck out and bought 12 pair so the whole trip in new york, my wife's friends, "he looks ( bleep ) great for 60." ( laughter ) ( applause ) ( cheers ). >> a minute and a half. >> jon: no but that is, in terms of a billboard in times square for calvin klein. richard lewis in his depends. >> thanks for showing that clip. thanks for showing the blunt talk thing. it's in august. >> jon: you have a book. >> i have a book. >> jon: "reflections from hell." >> a genius new york guy, illustrated my madness. i never realized how ( bleep ) i was. >> jon: you never realized how ( bleep ) you were. >> not until i saw this book. >> jon: why didn't you call me. i could have told you. >> you know what kills me about the pope. i disagree with most of it, but he'll come out there will be a million peo

julie: the maker of calvin klein and tommy hilfiger clothing of the company earnings coming in at better than expected. the company of course was as weed by currencies talked about. revenue on a constant currency basis of 3% and the company say a lot of the gains came from calvin klein products and particular. the company is raising its forecast for full-year earnings and now looking for second-quarter earnings per to $1.30$1.50 including the impact of $.30 from currencies. that is below estimates but the full year is what is going higher. the company also said that there is a $500 million share buyback. the shares move higher in the after-hours session in reaction to all of this. alix: buyback the word of the day. you were talking about construction data. what i was digging today was talking about the core cpi and pce. they are diverging. 1.2%.re cpi at -- isives and how does that dealt with? >> tom keene wrote a post for the website today on inflation. he said his favorite measure was the cleveland inflation measure. everyone should go check that out. alix: shout out to tom. data point

i became 100, my god. >> matt klein, the owner, proprietor, at max club deuce turned 100 years old thisthe cigarette smoke and dark dank atmosphere pretty good for a guy that's seen it all. >> that's 73 years ago. ft. bening, georgia. i was in the second army division. >> matt klein came from new york's lower east side by way of the battle of normandy. >> i came here because i was wounded and the warm weather was much better for me. >> but there was a lot of g.i.s during the war here, right? >> they saw a world that they didn't believe. >> during world war ii, miami saw a massive influx of military personnel. hotels, which had seen a sharp drop in business, made a deal with the government to house troops at the empty resorts. >> they told their parents about it. their parents came down, son came down, they opened their businesses here, and they were basically jewish at the time and that's how it started. >> by the fall of 1942, more than 78,000 troops were living in 300 hotels in miami and miami beach. >> how long have you been running the deuce? >> i took over in 1964. half of my life

a lot of the gains came from calvin klein products in particular. the company is raising its forecast for full-year earnings. it is looking for second quarter $1.52 --per share of to $1.30. $1.25 the full year is what is going higher. the company approved a $500 million share buyback. we were seeing the shares move higher initially in the after-hours session in reaction to all of this. alix: vivax, the word of the day. we are definitely going to talk about buybacks later on. note from market field asset management, talking about the core cpi and core cpe, core inflationary measures. they are diverting. what gives? how do you deal with that? the pce retreats from the 2% level. wrote a post for the website today on inflation. he said his favorite measure is the cleveland fed inflation measure, so everyone should check that out. alix: shout out to tom keene. i think he is taking a nap right now. joe: the other big data point this morning was income to spending. the story is weird. income is solid. you would think things would be fine. but spending was

klein rejected a plea feel earlier this year.ll be arraigned on friday and he is scheduled to go on trial in july for a similar incident in prince georges county. >>> the man charged with killing uva student hannah graham will be back in court tomorrow but in a separate case. the victim in a 2005 attempted murder and sexual assault in fairfax county is expected to testify at the hearings for 33- year-old jesse matthew. the judge is being asked to determine whether that victim can reliably identify matthew as her attacker. matthew's lawyers say the victim's recollection 10 years ago has been tainted by pretrial publicity. >>> we expect to learn tomorrow that if man convicted in the 2001 murder of chandry levy will get a new trial. how soon will also be revealed. he was found guilty in 2010 of killing levy while jogging in rock creek park. but last move, prosecutors withdrew their opposition to a new trial. his attorneys say key witnesses -- a key witness in the case, gave false or misleading testimony in the first trial. >>> a res

karen klein receives more than $700,000. >> i was blown away. i really was.res from the school system and intends on taking that dream vacation. she also plans on donating to charities that are close to her heart. but karen's greatest treasure from this experience is the outpouring of love she receives from around the world. >> wonderful, wonderful messages. letters, i mean, books. can't even begin to mention all the wonderful people. it's great. >> karen's middle school tormenters and their parents issue an apology. the school takes action against the children. 50 hours of community service with senior citizens. completion of a bully prevention program, and suspension from school for one whole year. >> in this situation, they clearly took it too far. but you have to remember that most of these kids aren't really bad kids. 95% of kids who bully can be rehabilitated. that's really our goal. >> i really hope they've learned their lesson. i really do. >>> criminals are everywhere, but so are cameras, watching their every move. >> i ripped his hat off, pulled the

ezra klein, thank you for joining us. e.j. here. >> good to be here. >>> coming up the story of a gay couple who had to wait over 50 years to get married and in the meantime, one legal lay adopted the other so they could have a legal family relationship. [ male announcer ] take zzzquil and sleep like... the kids went to nana's house... for the whole weekend! [ snoring ] [ male announcer ] zzzquil, the non habit forming sleep aid that helps you sleep easily and wake refreshed. because sleep is a beautiful thing. it's part adrenaline and part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? the 2015 gla. it's 100% mercedes-benz. ♪ kraft barbecue sauce's new recipe is made with sweet molasses, cane sugar and no high fructose corn syrup. that's not how most leading barbecue sauces do it. but that's how it's done at kraft. ♪ ♪ i am eric ripert and this is my squarespace. ♪ there's some facts about seaworld we'd like you to know. we don't colle

ezra klein, thank you for joining us. e.j.nk you for being here. >> good to be here. >>> coming up, the story of a gay couple who had to wait over 50 years to get married and in the meantime, one legally adopted the other so they could have a legal family relationship. when you travel, we help you make all kinds of connections. connections you almost miss. and ones you never thought you'd make. we help connect where you are. to places you never thought you'd go. this, is why we travel. and why we continue to create new technology to connect you to the people and places that matter. esurance was born online. which means fewer costs, which saves money. their customer experience is virtually paperless which saves paper, which saves money. they have smart online tools so you only pay for what's right for you which saves money. they settle claims quickly which saves time, which saves money. they drive an all-hybrid claims fleet which saves gas, which saves money. they were born online, and built to save money, which means when they

today that declines kleins with a drop of 1%. in market value since it reached a record in april. when of the only rising markets we are hearing, that the country has submitted fresh proposals to its creditors to unlock its bailout funds. the revised says plan is a vague rehash of earlier proposals and isn't considered credible. stock market the is higher. the bond market is trading lower. year are the greek 10 up by 23 basis points. italy and spanish yields are falling. there is hope of the greek deal. the germans are continuing to rise. they are up 2.91%. , it was almost in negative territory. this is the big corporate story of the day. slashing 25,000 jobs and selling units in brazil and turkey. they want cost savings to the tunes of 5 billion by 2017. hsbc shares are down, wiping over one billion pounds in market value. back to you. we are looking at selling in the u.s.. the dow erased its gains for the year. take a look at the 30 year yield. that is true across the yield curve. we are seeing selling and that means yields are

the biggest the klein, the psi 20, portuguese stock market, earlier, 6%. 2008.t drop since this drop in two years. yes, the greek stock market is not open but the greek bond market is open. the yield, biggest increase ever , 389 basis points. these two markets are very interesting. earlier the yield on the 10 year was up i around 50 basis points. not as high as it was, but contagion has been held together year, similarh 10 story, about 50 basis points higher earlier, just up 99. the haven is the u.k. german market, both benefiting today from that save money. look at the euro against the dollar. almost unchanged. right here, a leaven london time overnight it was down by 1.9% against the dollar after this selloff. you can see what has happened and spend, the biggest selloff since january. normally reach those losses and , 111par against the dollar to 61. i want to finish with the stock 50, every single stock is falling today. 4.5% earlier it was down 3.3%, the biggest fall since november of 2011. not nearly as sharp a fall as it is in europe, if there is contagion concern it is more mu

the calvin klein put up a 25% increase. it was the long awatd earnings break out but that break out was much harder to find in the headline numbers. even though they delivered to 12 set earnings the earnings per share only increased 3 cents year over year. it's revenues actually declined by 4%. year over year sales were down. who wants declining revenues? the answer is pretty much everybody. why? if it weren't for the super dollar pvh would have seen it's earnings increase by 20%. if not for the dollar. but if you look through the u.s. which was sluggish you'll see that the tommy hilfiger and calvin klein suffered in tourist destinations. san francisco, miami, new york. as was explained on the show last night the insanely powerful dollar didn't just hurt sales overseas but stunted domestic tourism. it's too expensive to travel here and you don't want to pay for jeans and a nice sweater by the time you do. but if you get your head around the fact that the dollar could weaken like we saw today during the mid afternoon you can

. ♪ >> reporter: it took one document and a few signatures for mindy klein man and the love of her lifeether as one. she says it took a growing legal file, thee years and a ton of money and heart ache for them to part ways. >> i just for my own sake i just need to move forward. >> reporter: and she is with hard work, but she says life is very different now for her and her two children. >> every day for me has definitely been a struggle. my credit is completely shot. i don't even have savings account. i live week to week. i have to $50,000 in credit card. literally starting over with nothing. >> no picnic for her husband as he told me over the phone he declined an on camera interview but he openly shared that he's living paycheck to paycheck and wishes he, too had done things differently. >> the financial impact of a divorce because the kind of thing that it's lingering, you know, i'm sort of left here now to basically rebuild everything and that's a very tough spot to be in. >> the ones that end up in that position didn't plan. they just kind of hoped things were going to work out. >> r

shares of deutsche bank rallying after kleine was appointed ceo replacing longtime executive and kleineme sole ceo of the company next may. that stock is up 5 1/4 percent. it's largely in the red in europe. >> when we come back, plenty more on apple. less than two hours away from wwdc. max germin will join us with his predictions. he's a legend in the music business. our can conversation with quincy jones on apple and the future of streaming music online. and today is not just about music. developers expecting some updates for the mac, the iphone, the watch. a company developing games for a host of devices will join us as well. hey, what are you doing? you said you were going to find out about plenti, the new rewards program. i did. in fact, i'm earning plenti points right now. but you're not doing anything right now. lily? he's right. sign up, and you could earn plenti points just for being a wireless customer. in the meantime, i just kick back and watch the points roll in. where did you get those noodles? at&t cafeteria. you mean the break room... at&t - the only wireless carrier to b

. >> maybe like calvin klein or any other shoe store basic retail store that i can get money from. >> the mayor is of course pleased as punch to see this development in his town is there this is tremendous for our community and the future is bright here. this is just the first parts of tremendous economic development here in gloucester township. >> by mid-day the crowd count had reached 3,000 all hoping for a quick call back. >> i am a proud navy veteran. yea navy. >> and you are looking for a job today? >> yes. >> what kind of job? >> any kind. any kind will do. >> i am glad they are bringing it to the commune, a lot of jobs for the people that need it. >> jim the latest estimate is that some 5,000 people have come through here today seeking out applications and getting brief interviews as they vie for the 800 jobs, live in blackwood, vernon odom channel 6 "action news." >> thank you. coming up on "action news" tonight, firefighters in berks county had double duty today fighting flames and getting their fire engine out of a rough spot. and eagles players react to the row lease of the

ezra klein, cecile richards always good to see you both.epublicans are lining up to bash obama care today, are they secretly happy they don't need a plan b. >>> president obama secured two big wins this week. will he complete the trifecta by securing a nuclear deal with iran. before earning enough cash back from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his bankamericard cash rewards credit card to join the wednesday night league. because he loves to play hoops. not jump through them. that's the excitement of rewarding connections. apply online or at a bank of america near you. benny's the oldest dog in the shelter. he needed help all day so i adopted him. when my back pain flared up, we both felt it. i tried tylenol but it was 6 pills a day. with aleve it's just two pills, all day. now i'm back! aleve. all day strong. ♪ mamas, don't let your babies grow up to be cowboys ♪ ♪ don't let'em pick guitars and drive them

joining us now is ezra klein, the editor and chief of vox.com, political columnist with the "washington post" and analyst, columnist with "the daily beast." whales the state of play in the house and senate on what republicans might want to do if the supreme court said reading the text of the affordable care act in that telescopic way that the subsidies for purchasing health insurance will not be available to most of the states, since most of the states did not set up their own change exchanges. >> i think it is fair to say the state of play is chaos and incoherence. there are five or six republican plans that i know of and a number of others we are hearing about behind closed doors including long rumored house senate joint plan but what all of the plans have in common at some level, they are trying to do two things that don't go together well. they are trying to fix obamacare and repeal it. they have plan like one from senator johnson where it will on some level continue subsidies for two years and the congress has to develop a replace for obamacare. a lot of plans have this quality whe

the company behind retailers like calvin klein and tommy hilfiger reported earnings that topped estimates and hiked its profit outlook for the year. the firm also announcing a $500 billion share buy back. the stock was a fraction higher at 104.68. >>> elan musk is one of the most well known entrepreneurs. according to the los a times his companies were developed with the help of about $5 billion in government subsidies. y he called the article one sided and deceptive and made it clear that his companies provide economic benefits such as jobs. >> by adding up anything that's ever happened and things that will take the next 20 years to happen and putting that into a single number it makes it sound as though my company's getting some huge check. >> musk isn't alone. many big corporations receive a lot of money in government subsidies. aman jabbers has more on the financial relationship between private companies and public money. >> it won't shock you to find out that elan is not the only ceo to go around the country sidsdys and tax breaks. the study in 2012 looked at corporate welfare, they

have all been engaging in improving the quality of the screens in the theaters with mechanical rec kleining seats, expanding concession sales and bringing in beer and wine reserve seating. >> some of the big chains making the investments and handler said it is still hard foreindependents to compete if the d.o.j. takes action. i'm julia boorstin in los angeles. > we gib tonight's market focus with a big buyback from wendy's. the fast food chain will purchase up to $1.4 billion in shares by the end of 2016 and it will include shares from trian group as that firm is trying to cut its stake in the company. also wendy's has hiked the long-term earnings growth target. after all of that shares were up 3% to $11.47. >>> meanwhile disappointing results from vera bradley known for the quilted handbags swung to a loss in the first quarter and slashed earnings guidance for the year as sales have been falling. the stock down 14% to $12.16. >>> a merger in construction stock building supply is combining with building materials to form a company with about $3 billion in revenue. the move is an effort to e

♪ emily: top line revenue has the klein the year over year -- has declined year after year for the lastquarters. when does hp get back to growth and where do you see the growth coming from? meg: we have made progress on this dimension from the single-digit declines to flat to down 1%. which is not what we aspire to but is such an improvement over four years ago. so i would hope that over the next year or two we would be able to demonstrate growth. we will be two different companies so it will be harder to measure. listen, we have to be able to grow these two companies. you cannot cut your way to greatness. you have to be able to grow. that is the objective of both companies. on the hewlett-packard enterprise, we are excited about converged infrastructure and the software defined data center and our services. emily: that is where you see the growth coming from? meg: i do. and the software portfolio. on hp ink side, we are excited about 3-d print. this could be a big business. we are excited about immersive computing. excited about the core print business. people say, print is dead. it is

if you look at the data, we did see a greater than expected to klein in durable goods orders. at the same time, we've seen a pretty strong figure out on u.s. home sales. a little bit of a mixed bag when it comes to u.s. economic data on this session, and that is perhaps why we are seeing the indices go in and out of positive territory, but overall, they are pretty close to the flat line this tuesday. let's bring you up to date with a few other stories we are watching. shares of blackberry among the laggards on wall street after posting a loss. it's half of what they posted during the same quarter last year, but still weaker than expected results, and new sales fell this year. the man who was seen to be next in line at samsung has apologized for the spread of the mers virus after around half of cases and south korea were traced to a hospital and soul -- in seoul belonging to a foundation run by samsung. 27 patients have died and south korea rom pacifica, this is democracy now! >> when we see that symbol lifted up as an emblem of hate, as a tool of hate, as an inspiration for ha

by the way, calvin klein underwear if you go to macy's a giant selection at high prices.s are going up for underwear. prices going up for denim. >> really. why? >> the market can bear it. >> really? >> maybe this is too much information, but versus what i'm seeing in anniversary, you can handle this information. i said i go to tj max. he said people go to macy's they buy full price underwear and pvh is the winner. they've got that buyback. denim has been -- it's been ages since there's been price increases in denim. denim's been footballed. it's a lost leader. denim is back. margins on denim are gigantic. pvh isn't done. ralph lauren goes higher. >> people argue it's under armour or nike or lululemon stealing share. >> no one seems to care. nike is having the jordan renaissance. lulu was a currency problem. >> "wall street journal" spending a lot of ink on prices coming down with china with increased production of goods and increased demand for good. tires being a key example. auto, tire prices have come down sharply. >> monroe complained about that years ago. i didn't th

. >>> tory klein in maui out for a neighborhood ride on his longboard, has his gopro to capture the action saying hi to the neighborhood kids and neighborhood dog. there's cookie. what's up cookie? >> hey, cookie. cute looking dog. >> super cool name he continues on his neighborhood run, gets a little bit of speed around this big sweeper here a little smile, hi neighbor. oh! what? >> oh! >> that was cookie. >> he hit cookie. >> cookie came blasting out into the street and cut cory off. [ bleep ]. >> that makes me so sad. >> it's ox cory and cookie are just fine. >> are you okay? >> are you okay? i'm sorry. >> everyone is apologetic the dog is just fine so was cory. >> is it broke? >> no. >> these guys are out on their tubes in austin texas. i got to give it to him, he tries to hold the cooler hang onto the tube and hold onto the cam camera, doesn't work well. >> oh no. >> there goes his tube. >> gets a bit of a bruise here. he's like out, that hurt. >> hung onto the beer though. >> and the camera. he eventually catches up with the tube as well. . awesome tutorial on youtube using a water s

. >> there are so many that get in homes that they use a vacuum klein cleaner and it stinks the whole house up. >> so instead, experts say to avoid the stink bug smell, don't crush them. they don't bite or sting. >>> two problems and one solution. expanded hours for the alum rock and barry yut centerouth centers. it could help keep kids busy during the summer. the san jose mayor and council member will lobbying for bigger budgets for these centers. >> moving forward with ongoing funding is not only beneficial to residents but the entire city. >> there are boys clubs an girls clubs at both youth centers. theys want extended hours to include saturdays. >>> still ahead a fake orca flops on a scary mission next. we spend a lot of time online around here. but with all this speed from xfinity, it's all good. hey, why don't we do some homework for a change? gary, you too. dad...work stuff. yes! lovin' the new design! konichiwa hirosan. five minutes... all this speed is very empowering. check out the new hardware. with the fastest internet available, xfinity is perfect for people who need to

we've got much more on greece puerto rico, klein, and the u.s.ment. >>> but i do want to begin with that big sell-off in china because the main stock market index there entering bear market territory. the shanghai composite down more than 20% since june 12th. let's bring in head of global strategy for investnet, zach what's your reading on what's happening in china. more importantly what does it mean for a global investor? >> you just pointed to the chart. it's in a bear market only if you use the most technical -- it's down 20% but it's up 98% for the past year so it is hard to look at that as a bear market. second thing, we really do need to keep making it only retail domestic chinese citizens can purchase shanghai and shenzhen stocks and there is a few billion here and there of foreign quota money that can be institutional money. so in a lot of ways these are hermetically sealed markets. >> mind you, it is having aen knock-on effect to the h-shares. >> but they aren't tracking by any means one to one. while they've sold off today, the h-shares

jonathan and carrie klein were headed to the hospital early this morning from surrey county. carrie's water broke while on the ferry. jonathan used a flashlight to illuminate the inside of his dark pickup truck to deliver the baby. along with some help from ferry workers too. but then he noti cord was wrapped around the baby's neck. jonathan says he reacted quickly. >> when i saw that, i just hooked it and i guess did a can opener move twice. and it just slid around my finger and came right off. >> ah the old can opener move. the couple bundled the newborn emily into pillowcases for the rest of the trip to the hospital. jonathan says she is doing well. >> we are glad to hear it. >>> you could almost use a boat to get through the streets of tampa. take a look at this. heavy thunderstorms cause severe flooding there at least 6 inches of rain pummelled that region today. streets and sidewalks filled up. several cars got stuck in the high water right now. police are telling folks to stay off the roads until things dry out a bit. >> wow. >> the baby is coming. let's head for the f

family and their housekeeper he says his klein was framed. he is charged with the murder of the family and their housekeeper, he was linked to the crime after they matched his dna to that on a pizza crust found on the scene. >> we don't know what other dna evidence exists we have only learned about the pizza lets see what else is there. >> wint claimed he only played a minor role of the murders and was not in the house on the day of the killings. wint is due back in court on july 2nd. >>> a north carolina teacher resigned from his job after he read a book to his class about two gay prints a child in his third grade class was being bullied akutzed of being gay. parents say that curry overstepped his bounds and called the lesson inappropriate. and the school says that curry should have notified the parents about the curriculum but did not make him leave. >> the golden state warriors are nba champs in nearly 40 years. there is the celebration the war yours sealing the deal in cleveland, bringing the trophy home to northern california, the warrio

forbe's john ham any and abc political director rick klein.ou know, what a heart break for these parents but they have been pushing to sort of get the obama administration to change its policy so that families could negotiate. >> unfathomable if you are in that situation where your family is being kidnapped abroad and being threatened by your own government with prosecution. president obama realized there was a flaw in that kind of system and needed to clarify it in response to this pressure. the question will be going forward what happens with the next one? do we learn that in any way terrorist groups are emboldened by this? do they consider this to be a change news policy. that hasn't changed. more likely to get some kind of a ransom? that's what the implications are. this is something they have been pushing for and looking for a long time. >> not for a second why not want to raise a ransom for family member for me or a friend. i would feel like james foley's father. i don't care what it is i would want to do it. big picture is terrorists ar

they said the export klein has accelerated, according to the bank of korea.will continue to watch major countries and the monetary policy shift. they are going to watch very closely, as well as capital flows. rising faster than they have seen in recent years. low, very lows right now. the lowest we have seen since the asian financial crisis. due to the effects of cheap oil. also talking about the greek debt issue. a continuing risk for global growth, as well as emerging slowdowns across the globe. they are going to look at the future policy to ensure economic growth in korea. bank in new zealand also deciding to do something. what happened there? points.25 basis the first cut in four years. the governor talking about inflation quite low. and slow growth in new zealand. we have seen falling milk and oil prices. we have also seen inflation. really below inflation targets for quite some time. the dairyalk about prices, inflation, four straight years, a number below the target. the signs of the bubble we have seen in the housing market, particularly in auckland.

the drug acknowledging it did produce increase in sexual desire but they high heighted safety issues kleinou hadding low blood pressure and fainting spells. the decision tomorrow is from the advisory committee. the fda does not have to follow it but usually does. i'm stephanie stahl cbs3 "eyewitness news". >> all right. you're back in from the sky deck deck. is it getting any warmer out there. it is june, right. >> i know. so much for the clouds and the gloom but we will be digging out of this weather rut so to speak. temperature on the rise and sunshine will be on the increase especially as we head toward the weekend. it's been a long week of clouds. take look outside where we do pretty center city skyline despite the cloud cover with temperatures holding in the 60s for now. with the clouds. falling slightly during the overnight. on storm scan3 you can see a few sprinkles especially that was extreme south jersey and delaware on the northern fringe of a frontal boundary that just doesn't want to give up. it's helping to create that easterly flow. philadelphia 61. it's comfortable out there

calvin klein?!nues) (rain fades away) (waves lapping, birds squawking) (indistinct chatter, gavel banging) owen: what happened? o-okay. o-okay. yeah, i... i will tell her. i love you, mom. good luck. ...you didn't know he had committed fraud? i've done a full inventory since fall. i resolved to give investigators my memos and e-mails. and you think that's the extent of your responsibility? look i run a software company, that's all. i'm involved in the big picture, not all these details. you mean details like defrauding the irs for $430 million? both: objection! yes. thank you.

the health of those people has just begun its the klein. i would rather move the argument to what are we going to do to make people healthier? if it is somehow involved in climate change, we should consider that, if we can show that is really what matters. when we do that, let's not make them poor, because poverty is one of the major predictors of people not doing well in their help in every other aspect of their life. host: what is your reaction to this encyclical? he said that global warming is a moral imperative? senator cassidy: i have not read it. i was told it was a moral imperative because the poor are the most likely to be affected. i would point out that we in the united states can do some good things. natural gas creates jobs taking families that are struggling and giving them better jobs of better benefits, can be exported around the world and we can give construction jobs by building export terminals and maritime jobs by shipping it and natural gas is one of the best btu for carbon footprints there is. so, if the administration

it is the owner of calvin klein and tommy hilfiger. the earnings beat the estimate sales.pany came out with a forecast that was ahead of what analysts had estimated. on the other end we have delta. we have seen rocking us in the airlines on concerns about how much capacity could grow, and what that could have on pricing power. shares are down 3% after the revenue gauge declined more than forecasted. we are talking about passenger revenue from each mile. it will drop from 4% to 5%. some of thehts concerns in the industry. look at shake shack. there is no fundamental news, but the stock is up 2%. it has been a big mover, up and down. i want toate that, show you the 30 day volatility of shake shack. the white line has been trending upward in a big way. the orange line is volatility in 2000. it is deceiving because these are not to scale. for the the scale russell on one side, and shake shack on the other. the 30 day volatility on shake hack is 9.5. this has been a volatile stock versus its small peers over the last month or so. betty: so many people can have opinions. who kne

that is a messy klein up.e dogs cook in the car, he is getting a thousand tweets. >> he is scaring the living -- he was a brave fan and wanted to die. the dog rolled up the windows. we traded the whole team. i can't live this charade. she is left with the top down. >> he said no i will not do it anymore. is he a 450er row or lawmaker. >> he is a dog owner. this will follow her on google for the lest of her life. that is her punishment. >> she will be driven around by a driver less car. >> she is 22 years old! every time you go with the car and mitt romney and followed him around and then we will follow. >> coming up the aclu says there aren't enough females in hollywood. we will see what is on my top kennedy and what we have to say about that. "red eye" after the break. >>> welcome back. they want more chick directing flick. the aclu has asked for an inquiry into hollywood's hiring practices. shady business with the lady business. they say it is bias against women. over the last 12 years women directed 4% of t

it klein ud rick welch was grand marshal and displayed the larry o'brien trophy for second kacapacity crowd event. >> 2 million, parades in two week. maybe we'll do this again next year. >> this weekend. civil rights were at the center of the celebration. and the man whose case went all the way to the supreme court was in the parade as a special guest of honor. >> i di it ford it for my husband. >> jim obergefell from cincinnati ohio, sued to be recognized as a surviving spouse when his husband passed away. his historic supreme court win is a new chapter in the continuing effort to gain full equal rights for everyone in the lgbt community. >> today marks the 2nd anniversary for a major milestone for same-sex marriage in california. june 2 2013 sandy spear and chris perry of beckery the first same-sex couple to wed. attorney general caramel e harris officiated the wedding at city hall. >> developing news in the south bay. santa clara supervisors approved a plan to seek legal action to stop a strike by county workers set for tuesday. 9,000 workers, nurses and health care providers at va

julie: the owner of calvin klein i thinky hilfiger -- where olivia sterns is mes,erned, if it is not not luxury. the dollar is going to have an impact. alix: thank you so much. we will be back with the closing bell. the dow jones up by 22 points. ♪ . alix: we are moments away from the closing bell. this is the bloomberg market day. you are looking at snob -- stocks snapping a two day losing streak. the dow settling up to 29 points. at one point up 95 points. still relatively higher on the day. the u.s. dollar hitting a 12 year high against the yen. is going into stocks. i am joined by the bloomberg markets managing editor and they don't collect merger monday for nothing. but is definitely part of the driver here. >> another deal in snapping the losing streak. $1.5 trillion of m&a

these last days erasing the kleins. still on a -- erasing the kleindeclines. stocks ending the week lower by 2/10 of a percent. leaving the decline. lower as well .2%. expectations of the mers outbreak there. cooling the market down. despite the rate cut we had, the portfolio output was more than $600 million. south korea, taiwan, india altogether. the investor selling a net $1.5 billion of stock. expectations for the u.s. rate hike, seeing it also in the currency market with the philippine currency plunging this week. chinese stocks leading the gains. there is strong speculation that after the rate cut, and new zealand, that the pbot may cut reserve requirements. the index also trading higher. mnikkei and the week trading higher. final industrial output numbers showing expansion month on month of 1.2%. back to you john. jon: a volatile week for asia. the imf team have left brussels after failing to make progress. this as european officials say there is no more time for gambling. let's get up-to-date with our bloomberg team. i want to start with you, hans. wha

we have had to throw days of the kleins after four days of gains.t rose by roughly 16% so the declines of 2.5% in the last two days including today do not amount to much. when you consider what preceded them. the sentiment is certainly muted today across all asset classes. tsipras heads to his second day of meetings with creditors and eu leaders. as the clock ticks ahead of the june 30 deadline for the second greek bailout and the payment to the imf, a 1.6 billion euro payment. let's get to athens. guy johnson is standing by. guy: the market is just opening. the group managing director at the investment bank which specializes in a peripheral of europe. greece, cyprus and portugal. those are the places our next guest spends time looking. when you talk to investors, when they give you their views on what is happening, what are they telling you. >> don't know if there is any place in the world when they had to figure that politics have so as you hear. local -- beyond the local politics you have to elevate the decision-making process. for many this is t