let us look at how the markets are trading at this moment at midday. we are down slightly.he greek that talks appear to be stalling and that has some investors taking off some of the profits that they seen over the last several sessions. betterdp coming a little than estimated. revisions showed that consumer spending help us shrink that contraction that we saw in the first quarter. moving over to the oil markets, you are seeing some gains -- excuse me, losses for brent.

let us look at the top stories of the hour.downplaying the chances of an imminent eel with greece. prime minister tsipras has rejected the latest proposal to accept bailout money could the german finance minister says it is a long way to get a deal and it is up to greece to show conciliation. billionaire investor carl icahn national -- high full the last of his shares in netflix. netflix has announced a seven for one stocks put. he says that apple represents the same opportunity that netflix did several years ago. he thinks that apple is undervalued. times are changing at four. the automaker is getting deeper into the car sharing business. rent now helping owners out their vehicles when they are not driving the. the chief executive says it is one of the ways that ford is evolving. >> are going to offer on a test basis to 14,000 customers here in the u.s. and 12,000 customers in london. for those customers that finance their vehicle through for credit , working through a company called get around here in the u.s. and easy car cl

pimm: let us look at the bond markets. a little bit of a selloff with deals moving higher. point 14ar over three -- 3.14. a big selloff in bonds also in

pimm: let us look at the bond markets. a little bit of a selloff with deals moving higher. int 14ar over three -- 3.14. a big selloff in bonds also in europe as well. let us take a look at currencies. the dollar loses some ground against the euro. 112 at 86. losing ground against the japanese yen. let us take a look at from the top stories that are currently crossing the bloomberg terminal. general electric's retreat from banking is well underway. it is selling a majority of its u.s. private equity lending business to the canada pension plan investment board. the price is about $12 billion. it helps to bind out -- buyout firms. is the first sale of a major business since ge said in april that it would unload $200 billion worth of ge capital assets. and largest bank in europe is looking to increase profits so it is saying that it is going to cut thousands of jobs. and just bc plans to eliminate as many as 25,000 positions over the next two years. those cuts represent 10% of the bank's workforce. chief executive stuart gulliver wants to reduce cost by about $5 billion a year.

let us look at the dow year today. fly today as it has been in the few weeks periodically dipping into the red, it looks like it is still down there. it is a racing any games that we had seen for the year. one of the things that we happen credit to callie vos on the print side. you can read her story on bloomberg.com. she is looking at the percentage of stocks on the s&p 500 who are trading above or below their 200 day moving averages. that number has been going down. and other words, is a measure of breath in the market. while overall it might be higher, how many individual stocks are gaining momentum? this is a percentage of stocks moving about that 200 day trading average. ,f you look at the year to date the numbers have been going down. right now, it is about 59%. it is trading at an eight month low. we have beene that highlighting periodically is the dow jones industrial this is the dow jones transportation average. to doware subscriber is declining in transportation, that is not a good sign. here are the industria

let us look at the dollar-euro strength or weakness. dollar gains against the euro. e dollar also gaining against the japanese yen and gaming against the australian. let us take a look at some of the top stories crossing the bloomberg terminal at this hour. the u.s. senate is preparing to give president obama a big victory on trade. the president is expected to win fast track authority to negotiate the asian trade deal. aprocedural vote passed by 60-37 margin yesterday. only a simple majority is required for final passing. earlier this month, house democrats almost killed the measure. president hollande wants to talk abou to president obama about the spying. wikileaks says that the nsa spied on hollande and the two french predecessors. they will make the case in person at the united states should not spy on from the government. -- from the governments. >> the top intelligence court nader will go back to the united states in a few days so that things that had been put down on paper with some commitments made are at the same time checked, respected, and applied. that is

let us look at top stories this hour. may have found a way to break the deadlock over degrees. thatberg news is reporting angela merkel may be satisfied if greece comes up with at least one economic reform. that would be enough to open the door to at least some bailout money. in the longer run though, germany still wants a full package of reforms. healthnt obama's top care official is on capitol hill defending obamacare. health and human services secretary silvio burwell says the program has reduced the number of uninsured and improved insurance for those who had insurance. public and congressman paul ryan disagreed. he says obamacare is busted. it just doesn't work. the supreme court is expected to rule soon on whether the subsidies millions of americans get for insurance are indeed legal. and president obama is also considering whether to send more u.s. troops to train iraqi forces. as many as 1500 more american soldiers may be headed to iraq. house speaker john boehner says he supports the plan, but has questions. >> i

let us look at what is making news on the bloomberg terminals. ivia: let us start with the biggest deals this morning. and them is not budging. it is making the same offer of $47 billion to buy up cigna. the health insurer is offering per share. cigna calls the big inadequate. a little desperate, but talks of a smack over who would run the combine company. williams rejecting a bid for takeover. the statement did not identify , butidder bloomberg's reporting it is worn. living/onha stewart the media has been bought. the company after the lifestyle guru has risen 37%. martha stewart has a long-term commitment to remain the creative chief. sequential brands owns among others the jessica simpson and ellen tracy lines. jessica simpson is huge. i've not heard of ellen tracy. she's a slightly distressed home and lifestyle brand. matt: i love martha stewart. is making a bid for a french wireless provider. it is the third biggest wireless provider in france. the company says the bid is unsolicited and that have been .o talks that company would have 30 mill

let us look at the top stories of the morning.: deutsche bank launching an investigation into billions of dollars in transactions over four years. they are analyzing data from 2011 to 2015. goldman sachs will face a penalty for mortgaging securities after the housing crisis. pay as much as $3 billion in this probe. it is tried to hold wall street firms accountable for the crisis. testimony is over and the closing arguments are set in the federal trial of a former bp executive. david rainey is charged with lying to investigators about oil spill calculations he made in the 2010 deepwater horizon oil explosion. attorneys said that rainey did the best he could with little information and he had no reason to live. jurors could be delivered in a single count against rainey by monday. those are some of your top stories right now. matt: a major breach of u.s. government personnel files, as many as 4 million idle workers may have had information stolen. to put that in perspective, there are currently 4.2 million employees on government pay

so, having said that, let us look at the impacts on this project on the neighborhood. what we have on the neighborhood is a very compact area. buildings are jammed up against each other. so the least attention you try to make here is block somebody's view. so what happened in this case? if you look at this building here. it has an existing building which blocks on-site access to the lower level to the proposed addition. that will base this situation. you talk to the neighbors if you can pull back the building so they can do it. but what is happening is that this box is not just blocking light and air to these people. if you look at most of the plans we are doing. this is where it's going to be. you are looking into these windows here. you are looking into the windows of this nature here. there has been about three revisions. we have been to the department three times. >> we can hear from the board. >> good afternoon. we submitted our brief to the board and i would like to use the overhead project or to present some of the briefs. the property is a two 2-unit from the s

let us look at other numbers. i would look at the duration of unemployment.t number was, i think, 30 weeks. the previous norm was half that. i think i like to see that slack being dried up. stephanie: you compare those numbers to historical boom times, but how would you compare our overall economy to the environment andthen? tim: it has been a weak recovery. it is hard to understand whether it is strongly week. i was talking to a producer yesterday -- is it healthy? we will not get a sign of health this month. the phrase that you have heard is is this the new normal? the new normal is not as healthy as previous recoveries. there are a lot of different levers i would like to pull if i were the emperor. erik: it is a tough job for janet yellen and her colleagues to get a clear read on what is happening in the economy. that is why we are having these kinds of conversations. what do you think the fed is most closely looking at right now -- wish indicators -- which indicators of the labor market? tim: i don't know. i think they're looking at the wrong indicators.

let us look at some top stories this morning. manhunt for two killers is in the seventh they in new york and local schools are closed. hundreds of law enforcement officers involved in the search. at the same time, the officer reportedly was supposed to take up the escapees but backed out and sectors up into a hospital. in france, dominique strauss-kahn has been cleared of charges. it closes four years of legal drama. 10 others were acquitted as well. the charges stem from sex parties held during the global financial crisis. he lost the presidential election, but mitt romney is still a big draw for republican hopefuls want his endorsement and money. six presidential candidates will be a part city, utah for romney's third annual retreat this weekend. it brings together individual leaders and politics and policy. mitt romney will be joining "with all due respect t." those are your top stories. erik: netflix premiered the third season of "what is the new black." scarlet: they from you do a little bit ahead of time. erik: maybe you wa

let us look at the top stories crossing the terminal this hour.down today after a report that valiant pharmaceuticals not make a takeover bid. they hit an all-time high on where that there might be an offer. bill ackman hasn't 8% stake inin zoetis. the state department says they cannot find 15 e-mails from hillary clinton's private service. they are investigating because he attacked years ago. the report says that the e-mails were sent to her by long time, not blumenthal. there are few words in them written by clinton herself. airbnb's latest rounds of financing may put it at valuations of $24 billion. the finance is being driven by investment firms in both the u.s. and china. the company is excited to bring in $1.5 billion. would matchl, it facebook for the biggest investment round for a private tech company. it did not take long for the folks at ben & jerry's to celebrate today's supreme court decision legalizing gay marriage. the company is renaming its as i go, cookie dough i don't. dough, i dough. if you are heading to disney world next week,

let us resist the to your knowledge politicize and polarize this issue and let us look for that slivercommon ground. >> ana navarro, sophia nelson thanks for joining us. >>> when we come back major news overseas that could have a huge impact here in the united states. greece is now perched on the edge of economic catastrophe. u.s. markets could though feel the pain as well. that means stocks bonds, even your 401(k)s, they could be getting ready to take a hit. we'll have a live report from wall street when we come back. no artificial flavors, colors sweeteners preservatives, and no artificial smiles. because clean dressings, taste better. panera. food as it should be. listen up... i'm reworking the menu. mayo, corn dogs... you are so out of here! ahh... the complete balanced nutrition of great tasting ensure. with nine grams of protein... and 26 vitamins and minerals. ensure. take life in. did you know that the tripadvisor you've always trusted for reviews, book! now checks over 200 websites to find the best price? book...book...book! so don't just visit tripadvisor... book at tripadvis

leon: let us look at the top stories this evening. the hacking against the federal government seems to be worsen first thought. the head of a major government union says information on every federal employee may be compromised. they got social security numbers, birthdays pension information, military records among other information. alison: i-19 roland died at the going out at the echostage michael last night here it victoria callahan of sterling, virginia was celebrity your birthday and was possibly on the influence of the drug mali. -- molly. she later died. leon: metro has removed 4000 series railcars after at least two incidents in which the cars' doors open in transit. metro is running safety checks right now. they have not found out why the doors opened. alison: we have new information about the copilot of the germanwings plane that crashed in march. andrea'ss lubitz was afraid he was losing his eyesight and many the doctors said he was unfit to flight. under german privacy laws that prevented any of those doctors from actually

let's head over to the golden gate bridge to see if it looks possibly a little foggy. steve's our expert, so he'll let us know, but looks like the camera is blurry, for some reason. dirty camera, mist, fog? what is going on out there? >> more low clouds than fog. it was skewed. >> that's a great word. >>> you know sonni gray, the a's pitcher? >> yes. >> we look alike. salvadore flores said got my steve paulson gnome at the a's game. brothers from a different mother. but thank you very much. we do look alike. >> you do. >>> low clouds are there and after the local clouds burn off it will be sunny and warmer today. fog, then sun, a good breeze for some. not a howling breeze. more on wednesday thursday. inland not so much on the coast. 24-hour temperature change shows most locations are running a little cooler than they were yesterday at this time. there is a sea breeze in place. bow diageo ga bay cooled off. -- the bay cooled off. 30s in the mountains. 50s, 60s through the interior. plenty of low clouds in place. with the cold air in place, you get heat in the valley. sunny and nice. 80s for some. liver mo

olivia: let us look at the top stories is our good the measure would give president obama fast-trackor a transpacific trade deal. a leading of public and told reporters

pimm: let us look of the top stories at this hour.t has been a busy couple of months for homeowners. since april, builders have started work on the most homes in seven years. that is despite a bigger than expected drop in housing. permits for future projects climb to the highest level in on the state used it that is an indication that homebuilding activity is likely to pick up. he is talking tough and throwing down the gauntlet. call it whatever you want, but there's no sign of a compromise on greece's prime minister today. in a speech to the greek parliament, he accused the international monetary fund of criminal responsibility for greece's problems. he says of the european central bank tactics were strangling the country. greece's bailout money expires at the end of the month. greek officials indicated that they will not offer any more concessions in exchange for unlocking additional money. washington, the obama administration and house republicans still trying to salvage an important asia trade deal. d ase democrats torpedoe trade

the owner of the market let us look at the surveillance video today. we edited this so you can't see the alleged crime but you can see polanco standing in the corner. he backs off as other customers walks in. most of the time his attention is on the teen girl who is buying groceries. the owner of the store calls this scary, especially considering his own niece works there. >> when i saw the video, i just said oh, my god. i never seen him do that. he has a daughter. >> reporter: the teenaged girl identified polanco to police. they say he turned himself in. now he's charged with contact with a minor, corruption of minors and indecent assault. police say they do not think there are other victims out there. keith jones, nbc 10 news. >>> fire raced through two row homes in trenton this afternoon. sky force 10 over the scene here. firefighters were able to put out the flames before they spread to more homes. no one was hurt. >>> police say a police chase started as a purse snatching. hamilton township police say someone grabbed a woman's purse in an acme par

so instead of being afraid of it and letting fear overtake us, let's just look at it for what it is,o do to go over, around, over, under, through, to get to the other side? and when you feel it, move forward aanywanyway. because if you just stan there, you"our world with black enterprise." [ male announcer ] megan doesn't know that coffee breaks down tooth enamel. thankfully, she uses act restoring mouthwash. it rebuilds tooth enamel, making your teeth two times stronger. act. smile strong. making your teeth two times stronger. if you can't shut down at you're not alone. get non-habit forming unisom to fall asleep fast. unisom a stressful day deserves a restful night. ♪ welcome back. millions of people have bought his records, like what's love, laid-back, and i won't tell. but hip hop super star fat joe has a different story to tell. he is helping others achieve their own financial goals. fat ecorded hits with many of the biggest names in the business. >> i feel like a veteran, i feel like i've reached a point in my life to where it's not so much about me as much. it's about me givin

let us look at african-americans. in 1970, for every hundred whites enrolled in american colleges, there were 11 blacks. by 2013, there were 25. a dramatic growth in educational access by african-americans. yet, the narrowing of income differentials between blacks and white have been very modest. for example, black household income rose rose by 2% to 5%. for maybe 60%, 65%, for example. eliminating 10% or 12% of the differential. the fact remains that increased educational attainment among blacks has succeeded in eradicating only a very small proportion of racial income differentials. and the future prospects of doing so in the future do not appear to be particularly good. and the question is why is this so? and, first of all, the evidence is clear that the proportion of minority groups like african-americans and hispanics entering college that actually graduate within six years is below the already abysmal national average of about 60%. schools under pressure to admit minorities often accepts students with low prospe

liz: let us look at russell 2000. that's a record even though it's just .67 higher.pside here means another record for the russell 2000 small and mid caps. by the way, after the market closes, the russell will rebalance as it does. we're looking at that as well. >>> in the meantime, a massive change at the top of twitter last week grabbed a lot of attention as embattled ceo dick costolo stepped down replaced by jack dorsey, but that is an old picture. what really grabbed people's attention was the beard. and since then it has gotten mountain man longish. the new hot look in silicon valley is the mountain manpower beard. dorsey's beard has three separate twitter accounts now, j. dorsey's beard, jack dorsey's beard and dorsey's beard. i think jack dorsey beard has 24 followers, the others have a hundred or two. but that same beard had mark lazarus egging on hockey players to shave off their beards. now, these players -- in case you didn't know -- traditionally grow their beards postseason until the stanley cup. superstition, tradition, whatever it is, it's been going o

, we've come a long way in reflection of celebrities that have come out and been very vocal and let us look life and see their marriage is the same as any other marriage. >> absolutely. there's elen. are there others that have come out in support? >> ellen led the way in 1998 and in 2008 had her gay wedding on the cover of "people." rosie o'donnell, that was a big deal. elton john came out. lance bass. ellen page at 26. there's so many examples and if we look tv i think was ahead of the movies on tv shows like "modern family". >> even "all in the family" dealt with that. >> three's company joked about it. tv has been more daring than movies and the reason is because the movies need a box office and still regions particularly in asia and russia where the audiences aren't as accepting of gay people. >> you talk about movies that did powerful impact on the subject and that's got to be "brokeback mountain", philadelphia", well made films heralded for the quality of the films and very sensitive issues. >> we talked to directors and writers on this issue. it's the tenth anniversary of brokeback m

let us look at new zealand, it is fascinating. almost a five-year low against the u.s. ar, we look at the last 24 hours -- an unexpected cut in rates from the bank of new zealand. unexpected by many economists, only six out of 16. it explains why we seeing such reaction market, the central bank not only cut rates, they signaled another rate cut might be appropriate. we have seen a slower growth in dairy prices leading to slower growth in the economy. inflation is a low target for four straight years now. taking action here, it is in stark contrast to what we are seeing in other parts of the world with what we are seeing in the u.s. when people are wondering when the rates will increase. breaking news on chinese industrial production. guy: the anticipated figure we are looking for is marginally better. we had a whole bunch of other data, rising 10.1% from a year earlier. construction numbers up, as well. up to 5.1%, china doesn't seleka great deal given the amount of money. the headline figure, may industrial output up 6.1% year after year. anna: the bank of korea lowered

the owner of the market let us look at the surveillance video. we edited it so you cannot see that crime but you can see polanco standing in the corner and following her. he backs off as other customers walk in but most of the time his attention is on the teenaged girl who was buying groceries. the owner of the store calls it scary. >> when i saw the video, i just said oh, my god. i never think he'd do that. because he have a daughter, little girl. >> the teenaged girl identified polanco to police. they say he surrendered and is now charged with a long list of crimes. >>> the philadelphia delegation visiting rome to prepare for the world meeting of families may meet with pope francis tomorrow. that word comes from archbishop charles chaput. today an exchange of ideas and gifts. >> i have a little gift for you. it is truly little. >> mayor nutter gave the archbishop a pin for the city and made him an honorary citizen. the delegation of officials and business leaders from philly are in rome to finalize plans for the world meeting of families. today

us. let's look at the morning commute. go warriors. bay bridge toll plaza looks good coming into san francisco. last night on twitter people saying the parade should go from oakland into san francisco, that's not what's happening. we'll give you the parade root coming up. the commute on 880 in oakland, traffic is moving well in front of oracle arena. and as we hook at the -- look at the maps traffic is moving well. 4:two, let's go -- 4:02. the warriors are the nba champions. >> curry pass, iguodala, it's a 10-point lead. >> 105-97 the game 6 was a fitting win. steph curry making it look easy. they hit critical free throw and the bench made huge contribution. this marks their 83rd win of the season [indiscernible] >> when you believe more in the team than yourself it goes a long way. everyone can say they did that. i love it. what a team, they stayed overnight in cleveland to celebrate. all their families were there. they are set to fly back in a few hours. >> the turning point was putting iguodala into the starting lineup and he was vo

let us look at the data check it i'm going to call it a friday chart. to get to his weekend. the two-year-old at two year yield at oakland 72. -- 0.72. brendan: "bloomberg surveillance " i brendan greeley. let's go to top. tom: josh wright is an economist at bloomberg intelligence and suggests that -- what will janet yellen do when we leave? we'll actually wait to see the data. it is so convoluted on this friday. are we all going to wait to see the data? josh: in a way, it has brought back the fed watching where janet yellen is letting us do the talking for her. she is not interested in making big proclamations. yesterday, we had a strong retail sales report, not only in terms of what was going on in may, but revisions for april and march. it is tempting to take a victory lap and say that cooler heads will prevail and the u.s. will pull through. tom: the big thing is the market out of from the fed. that may be the best thing for janet yellen this week that the markets began to catch up in terms of higher yields where she wants them to be. josh: that is

look later in the show. tell us what you think. let's take a look at some other stories. china, largest brokerage is jumping in on the country's historic stock rally. it's seeking $4.8 billion to launch china's biggest the message ipo and five years. the brokerage plans to use the money to replenish capital and boost its market share as well as invest in research. the shanghai composite doubled in the past eight months. chineseg data shows brokerages have sold more than $7 billion with a stock this year, and set to surpass the record of 9.9 billion dollars raise last year. it is china's biggest brokerage by revenue. the head of air asia says a report that question the company's accounting has created massive hysteria and the share price will recover from the current plunge. ,hares extending their losses near a five-year low, down more than 5% this morning. that is after a report raising concerns of after the carriers accounting, as well as cash flow. tony fernandes says his company has plenty of cash and other assets, including 128 aircraft should it need to raise money.

looking at can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline, a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized.

the moment we need human resources and judgment and senses letting us know dangerous stuff like when the person in front of us is drunk. let's look at how many are effected. out of a total workforce, 210,000 work in the dry cleaning laundry industry. 233,000 workers, are drivers of taxis. half a million would be in need of new lines of work in just the two industries. >> the u.s. military is a driving force behind robotics and artificial intelligence. a robot can also wield a weapon and track the troops. >> it's a futuristic agency, in charge of insane products. >> the most important was a concept that could divide an attack. they hosted a competition like this. they could drive themselves and they wound up with google's self-driving car. we tend to be afraid of robots much maybe it was the movies, the best robot lab in hollywood, and sometimes they can be a little scary. others don't have that. they have an open idea about what a robot could do to help us. the future is exciting. military aspects are alarming. the military built the x 47 b. a pilotless combat plane that can take off and land without human assistance. and the mil

they walk in and say, would you let us look in the register and the owner says, no, i do not want to. they come back the next day and do the same thing. that is the first scenario. the second is, they come in and asked to see the register. and then what? it is harassment because they sit there for a while. ? i just understand. >> they after day we have to give them private information. if they intend to put us out of business. let's imagine the following scenario. they have come up with this hypothetical about when it could be valid. the officers see someone come into the hotel and each time there might be someone coming in saying, we are the police, let us see the records. it really can interfere. >> can you provide specifics. that might be one thing. what goes on in this free compliance conditional review. the hotel owner says, you cannot look in the register -- registry. i want free compliance review. what is the nature of that review. >> this court has considered that question. california bankers donovan has said that the administrative, with the police officer, do not have to go

us. let's look from sky7 hd over 880, you can see it is slow. if your bant to take b.a.r.t. we have 52 trains running on time. no accidents in the area as we pan to that southbound moving traffic. so it is going to be a packed house if we are going to be making our way to oracle arena. so i suggest you get out there right now. >> all right. thank you. >>> what kind of weather can you expect if you're headed out to oracle arena? >> spencer christian is here now with our acuweather update. >> great here. we've got sunny skies all over the bay area. certainly if there are any traffic problems getting to oracle arena it won't be because of weather. it's mild and sunny across the area. but notice a little build-up of active weather around the mt. hamilton area. thunderstorms rumbling through the sierra and over into areas outside the sierra like over chico where we've got lightning strikes near over highway 95 moving over toward interstate 5. active weather outside the bay area but here calm. back in the bay area, 61 in san francisco. 67 at oakland. 70s in san carlos and san jose

looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. when broker chris hill stays at laquinta and fires up free wi-fi, with a network that's now up to 5 times faster than before you know what he can do? let's see if he's ready. he can swim with the sharks! book your next stay at lq.com! let's take a look at your credit. >>i know i have a 786 fico score, thanks to all the tools and help on experian.com. so how are we going to sweeten this deal? floor mats... clear coats... >>you're getting warmer... leather seats... >>and this... my wife bought me that. get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credit decisions. >>> welcome ba

let us go to julie hyman. julie: let us take a looket to options of what is going on with the major averages at this hour leading up to the fed rate decision. we are seeing little change. not unusual on a fed day. we will see you more activity when the decision comes out. joining me for today's options nsight is jerod winte woodard. everyone is anticipating this meeting. how are they anticipating it in the options market? >> there is an interesting diversions i saw this morning. if you look at the cost of option protection comparing the meetingslly ahead of you see a premium price in the market reflecting the higher odds that things will move. this morning, if you look at the days before the last four fed you have the s&p kind of in sync ahead of the news. it today, you had a big move in the premiums this week as investors priced in a little more risk and there is more demand for protection. you have not seen a corresponding shift higher in the term structure of as thank options.ns -- as spy not a downside in the s&p 500 or an uptick i

let me pull up that. >> we'l look at and let us know a little bit later. >> we want to be clear. >> thank you very much. >> next up is tara. >> supervisor avalos while we're waiting so the administrative code per the section that creates this committee provides any current employees or members of board of directors for the dcwf for funding can't serve. >> thank you. >> hello thank you for your time i've lived in the excelsior potrero over a decade and raising three children there as a parent dcwf programs are impactful and enabling me to work as a single parent and in a crisis that support it structural additional in my professional life it is really impactful i've had the opportunity to oversee programs awarded by this department historic so as a parent i really bring that lens of experience but also the professional lens of the landscape and the impact and quality of those programs personally my son was in third grade when we first moved here in after-school program and that put our families into country we tried different options when we got on a ymca bus with one of his friends he wasn't eligible fo

let us look at african-americans. in 1970 for every hundred whites enrolled in american colleges, there were 11 blacks. by 2013 there were 25. a dramatic growth in educational access by african-americans. yet, the narrowing of income differentials between blacks and white have been very modest. for example, black household income rose rose by 2% to 5%. for maybe 60%, 65%, for example. eliminating 10% or 12% of the differential. the fact remains that increased educational attainment among blacks has succeeded in eradicating only a very small proportion of racial income differentials. and the future prospects of doing so in the future do not appear to be particularly good. and the question is why is this so? and, first of all the evidence is clear that the proportion of minority groups like african-americans and hispanics entering college that actually graduate within six years is below the already abysmal national average of about 60%. schools under pressure to admit minorities often accepts students with low prospects

use. for a free 30-tablet trial go to cialis.com you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let'sust used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. >>> let me end the week with a thank you for the honor given me last night by pierce college up in philadelphia. the kimmel center was packed with a happy crowd of parents, sisters, brothers and children of the graduating class. i have never seen so much joy and heard such excitement from a crowd of good people. it was an honor to give the commencement and receive an honorary doctorat. nothing in the world gives me more of a thrill than give he me a person in their 20s or 30s that their parents love to watch "hardball." i can help a real person and you can get ahead with it. i've spent a lot of years watching people politicians, especially get ahead for a living. a lot ha

looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just useduel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app. rjrj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj rj the technology chan

us? let's take a look. that could give us a small chance of thunderstorms. the other thing we'll see happening is cloud cover increase and temperatures drop. we'll average 91 degrees. that's a lot better in the tri valley. instead of 103, 104 105. we'll have more in 25 minutes, you guys. >> thank you, jeff. >>> coming up first controversy and now action. state lawmakers will have to pay for their own rides after a night out on the town. a political analyst breaks down how outrage leads to change in sacramento. >> full speed ahead for the the hyper loop project. the big hurdle that has high-speed rail projects that they left over. (scal): good day, m'lady! i am sir-can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! see what spam can! do... at spam.com >>> one of the biggest names in politics has passed away. mer mervin field died in marin county. he was the go-to man for insight on california politics. he has published more than 2,000 reports on state and public elections. known for being an independent and nonpart

paul.d: thanks, we will have a look at that story in a bit more detail. tweet us your thoughts. let's take a look at another story making headlines globally. er. fall of sepp blatt he says he doesn't command wide enough support and it is time to go. >> he said it was in the best interest of this board that he stepped down. he hadeasily re-1 -- easily won reelection. but he does not have a mandate from the entire world of football. the fans that live and breathe football as much as fifa. what's next? another election will be held this december at the earliest, between december and march. is guy favored to win [indiscernible] blatter supporter for many years and then turned vocal critic. david ginola has announced his interest. you have the dutch fa welcoming the news. brazil, they have expressed a little bit of a surprise with this news. what was not a surprise was russia's disappointment on blatter's plans to step down. is elections as early as this december. rishaad: thanks, david. forne: good news automakers, made beating estimates. been a great market in america. gas prices are dow

looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. >>> a cnbc exclusive this morning. astrozen cupromises to talk about the war on cancer. stock is on the move this morning and the ceo is here to react. >>> economic stimulus from obama care? how a key supreme court ruling expected this month could be an economic boom. an effect to affect your wallet is just moments away. >>> one woman's trash is another man's treasure. almost ending up in the dump instead, it sold for big bucks. that story and more as the final hour of "squawk box" begins right now. >>> live from the most powerful city in the world, new york. this is "squawk box." >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky quick and andrew ross sorkin. most of the session

us this morning. let's talk autos. fiat chrysler are ceo is looking at candidates for a merger as the chances with a deal with gm are fading. let's get the latest on this bloomberg scoop from chris in berlin. what are we hearing about marchionne's plans? >> we are hearing that he hasn't quite given up on gm entirely. he has advisors that are canvassing investor interest to see if he can put some consortium together. investors shareholders, that might force mary barra and the management of gm into talks. that is a tough consortium to put together.

thank you for joining us. >> let's start with a look at the weather.h needed way coming our way. there's a live picture of the golden gate bridge. dark and overcast. it's been that way for a good portion of the late afternoon out there. no rain yet. but it's on the way. not a lot, but some rain. anthony slaughter here now with how much and when. >> in fact you know we're in a drought when we get excited about a few hundredths of an inch of way. a little bit of green out there and that's all we're finding out there. the cloud cover is

let us look around and see what is available.everybody wanting the -- -- wear their lucky warriors gear and get ready for the night's game. can you do any better than a team jersey. it is fantastic. obviously a lot of interest in that. a lot of interest in all kinds of stuff. we have the shorts, long-sleeved, whatever you want, all kinds of stuff out here. we are actually out at team practice yesterday. we wanted to get a sense of how the team is going to do. we heard from mvp step currie. he says he has high hopes for game 5. >> we didn't play well in game two but i don't think it had anything to do with, you know, the excitement of playing at home in the final situation. we settled in pretty well. we didn't make any shots didn't play well. didn't come up with enough energy, but i think we are going to be really composed and really aggressive. >> there you go. you see the obviously the big match-up tonight game five, cavaliers-warriors. the aggressive word, he thinks they will do really well if they're aggressive. everybody will

look at a picture from being way up and that will wake me up. >> you're so tall. >> doesn't mattered. >> afraid of heights? >> no, no. we can probably both use them. >>> let's get a look now at weather with julie watts. >> well, sunny and seasonably mild pretty much sums up the weather story for today. a mixture of sun and clouds in store afternoon sea breeze keeping temperatures along the coast and by the bay cool to mild. and then a return of those low clouds once again tonight. but plenty of sunshine in the interim. from the satellite perspective a weak trough overhead is dominating the forecast is going to keep temperatures a bit below average for this time of the year. breezy conditions once again along the coast and by the bay. now, tomorrow, upper-level low drops in increasing cloud cover even bringing with it showers by sunday. travel forecast as i said a few more clouds along the coast 62 in monterey. 79 ukiah. but inland valley, sacramento, 84 degrees plenty of sunshine there. heading up to high country lake tahoe 67 and sunny for you. 81 and sunny in yosemite today. sunset tonight 8:27. sunrise tomorrow morning 5:49. as we look towards tomorrow,

us. >> let's start with a look at the weather. much needed way coming our way. there's a live picture of the golden gate bridge. dark and overcast. it's been that way for a good portion of the late afternoon out there. no rain yet. but it's on the way. not a lot, but some rain. anthony slaughter here now with how much and when. >> in fact you know we're in a drought when we get excited about a few hundredths of an inch of way. a little bit of green out there and that's all we're finding out there. the cloud cover is extensive. but as i zoom out, you can see that band of moisture making its way into the north bay. again, it's very light in nature. and even towards the golden gate bridge i would say over the next hour or so you may see spotty drizzle there. look at the storm system though. it's really unimpressive from space. there's the center of it spinning off the coast, but no cold front really to be found. as it moves in, it is going to squeeze out what little moisture we do have. there you can see the water vapor imagery turned on. again, just telling of how

looking at can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used% less fuel than the one on the left. now, to an airline, a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. sandra: welcome back, everybody. let's look at stock index futures this morning because we do have a significant loss on the dow futures down 108 points off the love of the overnight session. weakness across the board. more job data coming in ahead of tomorrow. also waiting on this big greek that situation and decision to be made. the deadline looming tomorrow. markets here and overseas. one discount dealer had a big after-hours move likely to be a big move when big move with the "star tribune" this morning. nicole, what is it? nicole: rally in after-hours last night jumping 7%. give an upbeat forecast for the teams more. for the current quarter into the full year. five below is t