kyle bass contradicted himself.d japan is going down, failing, i'm shorting japan. >> steve, except for the fact -- >> i mean, come on. >> except for the fact that we don't actually practice that here. we have people borrow money and the government socializes those losses and nobody gets a cut in their salary and bonuses go up. let's not act like we have the moral authority to say that what we've done is representative of capitalism. >> i agree. it's ridiculous what the obama administration has done, that they used the banks as an atm. >> i agree. >> regardless of the legal issues which clearly singer has the upper hand, some people consider this behavior to be sleazy, to go after these situations -- >> loan me 50 bucks and i'll give you 30 back. >> we got to split. thanks. we got to get to our final trade. derek jeter is going to play his last home game for the yankees this week assuming it doesn't get rained out. he struck out last night at the stadium. only two home games left for him and as you might expect, mem

kyle bass, of course, our guest here is a different class of holders that accepted a discount. behavior is borderline immoral, is that right? >> i wouldn't say it's borderline immoral, it is. we need a system. it does not exist. the system is flawed in construct. you see a program led by the treasury, the u.s. treasury in the markets association that's trying to change the rules and define terms that were left for defining in the courts and put the clauses in the documents when the money's raised prospectively. unfortunately, the case is actually the test case or the case that's cause iing changes implemented, and it cannot be helped by the pieces. >> can i show this on the screen right here? i don't know. can you see that right there? okay. look at this. a model of unsoundness in today's "wall street journal" paid for fatcheckargentina. and they that's how the finance minister put it. are you going to run ads on the other side? >> no. i mean, when you distill this down to what's going on, it's too constituencies that learned to literally hate each other. this is a scenario whe

tomorrow on "squawk box," managing partner kyle bass is going to be our very special guest host and googleric schmidt also going to be with us to talk up his new book. we're going to ask him about alibaba and much more. that's tomorrow on "squawk box" starting at 6:00 a.m. eastern. we're right back from the clinton global initiative in new york city in just a moment. hi! can i help you? i'm looking for a phone plan. it has to be a great one, and i don't compromise. ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10 lines. wow, sounds like a great deal. so i'm getting exactly what i want, then? appears so. now, um, i'm not too sure what to do with my arms right now 'cause this is when i usually start throwing things. oh, that's terrifying at&t's best-ever pricing. 2-10 lines, 10 gigs of truly shareable data, unlimited talk and text, starting at $130 a month. this guy could take down your entire company.h? stay with me. on thursday a hamster video goes online. on friday it goes viral - a network choking phenomenon. why do you care? he's on the sa

although a lot of people with what kyle bass said about japan, that opened my eyes on some of the potential falls that that company still faces. check out oil, which has been really held hostage by what happens in the currency markets. which is the next -- after the ten- year, we'll look at that. 2 2.499%. the dollar, a good time to start thinking about going to europe. >> it's like at a two-year low. >> what do they use in scotland? >> the pound, right? >> because they voted to stay in. i've got to get some of those. there's the pound, 1.63. and then gold, $1223 on the session this morning. >>> on corporate news, apple releasing a new software update yesterday after some new iphone 6 users complained about call disruptions and other issues after the ios 8 rollout. this raised regular flalg flags for investors. shares off about 3% since the iphone 6 went on sale just about a week ago. but, of course, there was a run up leading into that. shares of nikkeiky soaring this morning. the world's largest sports wearmaker posted better than expected results. right now, let's get back to andrew, who