can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

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can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

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kpmg.to the next generation of women leaders. >>> right now in long island, police are holding a news conference to talk about security for donald trump fundraiser scheduled for tomorrow night. it comes after a group of religious leaders and activists demonstrated today, insisting that the suffolk county republican chair cancel that event. >> we demand they cancel this event immediately. if they do not, our community will show up strong and loud to denounce them for bringing donald trump's hateful speech has already shown his tragic capacity to kill. >> msnbc's cal perry joins me now from the site of where that protest happened today. cal? >> hey, craig. it was more of an organizing event. the emporium behind me, this is where donald trump is going to be tomorrow at 5:00 p.m. local. that's when this event is supposed to start. if you come this way, you can see the barricades here are already standing by. they're obviously going to close this whole area. at the end of the road, craig, is whe

kpmg. continuing our commitment to the next generation of women leaders. they found out who's been who? cking into our network. guess. i don't know, some kids in a basement? you watch too many movies. who? a small business in china. a business? they work nine to five. they take lunch hours. like a job? like a job. we tracked them. how did we do that? we have some new guys defending our network. new guys? well, they're not that new. they've been defending things for a long time. [ digital typewriting ] it's not just security. it's defense. bae systems. we're always looking for ways to speed up your car insurance search. here's the latest. problem is, we haven't figured out how to reverse it. for now, just log on to compare.com... plug in some simple info and get up to 50 free quotes. choose the lowest and hit purchase. now...if you'll excuse me, i'm late for an important function. compare.com. saving humanity from high insurance rates. >>> so there's all this jabber in the press today about things entering a rough new phase between hillary clinton and berni

at kpmg we've always believed leadership is about vision and integrity, confidence, inspiration, andand always having the courage to take your best shot. see the best of the best at the kpmg women's pga championship >>> amazon posting its most profitable quarter ever. soaring revenue in the cloud business helped the online giant pull off that beat. stock taking off on that news. ceo jeff bezos raked in -- we don't want to use the word "raked" but paper profits of $6 billion. >>> much more from becky as we get ready for this weekend's berkshire annual shareholder meeting. ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. >>> welcome back to "squawk box." among the stories front and center. drug maker leer turned down a request by abbott labs to end their $5.8 billion takeover deal in exchange for a breakup fee. the request came after abbott announced the ac

can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

kpmg. continuing our commitment to the next generation of women leaders. >>> ump batching at home, i understand. >> i was. >> some people turn on the bauble game. >> live steaming on cnbc.com. >> it was. it may still be there. >> you go straight -- >> this has never happened before. the three former and current fed chairs never appeared at the same event before. we're calling it fed all-star night. we had janet yellen joined by ben bernanke, volcker, and greenspan joining by satellite. fed chair janet yellen said this is not a bubble economy, that it's weathering the foreign weakness with decent strength, and that the fed remains in a gradual hiking mode. >> we indicated that we thought the path of rate increases would be gradual, and that remains our best guess and expectation, that if the economy continues on the path it's on of recovery, that further rate increases will be justified. >> all the chairs agreed with the recent emphasis on fed policy being mindful of global risks, including

can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to re

can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to

kpmg.ontinuing our commitment to the next generation of women leaders. but are you gonna bring fiup that stock again? well you need to think about selling some of it. my dad gave me those shares, you know. he ran that company. i get it. but you know i think you own too much. gotta manage your risk. and you've gotta switch to decaf. an honest opinion, even if you disagree. with 13,000 financial advisors, it's how edward jones makes sense of investing. >>> welcome back. theranos founder speaking out. she sat down with maria shriver for an exclusive interview. >> i feel devastated that we did not catch and fix these issues faster. i'm the founder and ceo of this company. anything that happens in this company is my responsibility at the end of the day. we stopped testing, and have taken the approach of saying, let's rebuild this entire laboratory from scratch. so that we can ensure it never happens again. >> you're dealing with people's lives, you're dealing with test results that doctors presc

kpmg. continuing our commitment to the next generation of women leaders.how show me more like this. s. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. >>> pfizership allergan is the latest and hugest character after the treasury department announced new rules on corporate tax inversions. how will this impact the industry going forward? ken frazier joins us with an exclusive interview. over to meg tirrell. >> thank you, ken, for joining us. >> thank you, my pleasure. >>> all eyes in the business world have been on the surprising events. what do you make of all of this? >> well, i think every company has its own unique approach to creating shareholder value. for us it's about scientific innovation. >> but you've said over and over again you would never do. for the past few years you've told us this. i know you've been looking for tax reform, so tell us your thoughts on that. >> what we have said is we didn't think doing a large transaction for the pu

kpmg.xt generation of women leaders. >>> the market is not cheap. dividend yields are low, around 2%. this is not a -- you know, if you're in the market for the long term, you have to accept the market's return, whatever it may be. and so i look for a decade of returns that are not going to be quite as good or nearly as good as that 12% we've earned per year in the last 70 years. >> that was vanguard's founder on power lunch saying investors should get ready for a decade of lower returns because he thinks corporate earnings will be staying low. >> it will be interesting with what the fed does tomorrow. we asked him that question in the context of the s&p 500 being about 20 as we were just a couple percentages away from all time highs. >> who would argue with him. i say if we get 10% that's good. and it will out perform most asset classes. >> have fun ringing the bell with your friends from virginia tech tech. >> give it to me, baby. >> closing bell is next. >>> hey, everybody, welcome to th

kpmg. continuing our commitment to the next generation of women leaders.me as fast as i man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. man 1: the network? man 2: shhhh. man 1: when did this happen? man 2: over the last six months. man 1: how did we miss it? man 2: we caught it, just not in time. man 1: who? how? man 2: not sure, probably off-shore, foreign, pros. man 1: what did they get? man 2: what didn't they get. man 1: i need to call mike... man 2: don't use your phone. it's not just security, it's defense. bae systems. >>> welcome back, kitchen braid,is an unabashed free trade supporter, as donald trump is pushing the party towards tariffs and trade wars, to get his take on taxes, trump trade and other ts. >> we talk about bitter divisions, but on the massive pacific trade deal, kevin brady is president obama's ally. transpacific partnership, is that going to get done? >> i hope so. it all depends on whether the white house can resolve some of the policy decisions they made. it's an important agreement. >> you're for it?

kpmg. continuing our commitment to the next generation of women leaders. - omg. you are so funny.n the time it took me to type that, if i were driving 55 miles an hour, i'd have driven the length of a football field blindly. not funny at all. don't text and drive. the more you know. not funny at all. man 1:man 2: i am.ive. woman: ex-military? man 2: four tours. woman: you worked with computers? man 2: that's classified, ma'am. man 1: but you're job was network security? man 2: that's classified, sir. woman: let's cut to the chase, here... man 1: what's you're assessment of our security? man 2: [ gasps ] porous. woman: porous? man 2: the old solutions aren't working. man 2: the world has changed. man 1: meaning? man 2: it's not just security. it's defense. it's not just security. it's defense. bae systems. >>> time for cramer and stop trading. >> that controversial interview scott wapner had with carl icahn last night. basically say iing feeling less certain about china. my hat's off to carl icahn who i love, love, love. today suke missed his reaction. he didn't realize why i calle

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at kpmg we've always believed leadership is about vision and integrity. confidence. inspiration.nd passion. pitching wedge. thanks, phil. and always having the courage to take your best shot. and always hkpmg. the courage continuing our commitment to the next generation of women leaders. we believe in the power of active management. anagement, we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management. body pain? motrin helps you be an unstoppable, i-can-totally-do-this- all-in-one-trip kind of woman. when pain tries to stop you, there's motrin. motrin works fast to stop pain where it starts. make it happen with motrin liquid gels. shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. >> oh, i'm the bigger man. with the bigger hands. [ laughter and applause ] and the bigger -- [ laughter ] you can't see me but i'm pointing at my trump tower. >> i'm really glad not to be on face time

can we hear from kpmg? >> good morning, supervisors, my name is lisa avis with kpmg. i will here to discuss the three departments we audit. the san francisco international airport which is included the single audit. we audit mta, and we audit hsf and puc for water, wastewater, hetch hetchy water. the financial statements resulted in an unmodified opinion. that's the clean bill of health. basically the financial statements did properly state their financial health at the end of the year. single audit we had no findings. all received unmodified opinions. when we were here last year and frd audit results we did report a material witness for the san francisco international airport in the process of capitalizing their fixed assets. there was an approximate $45 million audit adjustment to be booked and there was a material issue. happy to report it was reminded in that t -- reimmediated that finding and took the appropriate steps to remediate that finding. they have a clean bill of health. no reports this year. management did well in that result and no management issues to