people that are unusual in this weirde lse who have a trade model. it is hard to understand.re all associations. mark: it is a bunch of economist mouthing off each other's economic models. there is a difference in models. there is a fundamental difference in the treatment of models as well which i think is easy for the public to understand. what the hell is he has done is the eu, itwe leave will be terrible for our importers. bewe leave the eu, it will difficult for exporters, but great for our importers. there is a symmetry here. we go to free trade. what they are saying is free trade is not good for us. this is crazy. every first-year student of economics knows and lse admits that in general free trade is good for you. if you move from protection to free trade it has got to be good to you under plain-vanilla theories. somewhere they have not gotten that, and they have fiddled the results. when the exporters have a terrible time, when we leave the eu, but the importers don't have a great time. that is completely inconsistent. shery: what about the pensioners. that is another

share close almost 4% down after the intercontinentalexchange bid for the plan to the lse. it leaves the road open for deutsche, the operator of the frankfurt stock exchange, to merge with the lse. shares in mining giant bhp billiton have been slumping. it comes after brazilian prosecutors launched a $43 billion lawsuit over a deadly mining accident. the suit seeks compensation after a dam burst in november of last year, killing 19 people and causing widespread damage. the site of the iron mine was run by a joint venture belonging to bhp and vale. german sportswear maker adidas will sell off several golf equipment brands come say it will focus on shoes and clothing for golfers while selling off the names. adidas has become the world's biggest supplier of golfing goods but sales in the division have slipped. the announcement came as adidas announced profits of 351 million euros in the past quarter, sharply higher than the same period last year. next, to what must seem like an s parent company alphabet has announced a joint venture with the chrysler. it the first time google

this is the third go at buying lse. rishaad: we are looking at how open may have given up on its oil freeze. it is a good read created is on bloomberg.com/asia. debt could be facing a bad epidemic. how things could -- bad things could get ahead. we are looking at the markets. ♪ havead: global equities rebounded 11% since the february lows. should investors be chasing this because as of late we have seen a change of heart. but it to -- let's get to singapore steve. is it really a case of the moment, sell in may and go away? some: certainly we expect sort of volatility. the exact timing of weakness is always difficult to predict as is the magnitude. a couple of months ago we were saying equities were oversold and likely to bounce but we would be lightening up our equity exposure into that rally. the investment committee met last weekend reaffirmed that view saying we have come around 15% from the lows as you mentioned. he for now, 11%. this is a good idea to lighten up now ahead of volatility and weakness that we expect o

newsroom, everybody is sitting on diablo documents that they use may be one line from and everything ,lse is just in somebody's desk why don't you put everything on a common platform so everybody can do a search when they have a find connections to documents of everyone in the newsroom? so that is the kind of thing starts inllaboration your own newsroom and it goes beyond that. >> thank you very much. i would like to thank our guests for being here, and the national press club journalism institute forum.rdinating this thank you. i do not think this is the last we are going to hear from you. [applause] [captions copyright national cable satellite corp. 2016] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [indiscernible conversations] [chatter] >> next, former secretary of state james baker testifying on u.s. leadership in the world. then, former president bill clinton campaigning in the -- kentucky for his wife, hillary clinton. >> book tv has 48 hours of nonfiction books and authors every weekend. he

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there's anybody who would say our job is done or that we're not, you know, interested in pursuing what lse we can do. mr. lynch: the cost estimate. you know, we had some pilot programs that tell us it's somewhere between, you know, $100 and $500 per person for a private vendor to do this screening, this gathering of social media information. is that pretty close to what the -- in practice what we're finding? mr. scott: yeah, i would say some of the pilots that have run the estimates are within that range. clearly one of the things that will have to happen, and i think the pilots will inform this, some greater level of automation. as you can probably appreciate when you do a search, you get a ton of data that has to be sifted through and adjudicated and i happen to be a person who has a name that's shared with, you know, a professional baseball player, professional museum, a movie director and a bunch of other things. just a simple search would turn up a bunch of crazy stuff that wouldn't be relevant. so some degree of automation ultimately is going to have to help bring the cost down of th

lse. >> ah. >> i think it's fantastic. i think it is. we'll have to get her on set here.s just down the street. >> yeah, exactly. exactly. >>> in the meantime, you can keep an eye on market reaction here. check out the latest trades on our world markets live blog which runs throughout the european trading day. we'll see you after this short break. >>> good morning, and welcome back to s"street signs." i'm nancy hulgrave. >> hi, everybody, i'm louisa bojesen. your headlines. >> european stocks slightly higher. some doubting a summer hike. axel weber telling cnbc it would be the right decision. >> reflecting a stronger u.s. economy in that case, i don't think it's a mistake. >>> cooking up a deal, shares in group seb up after word to buy german rival mas. >>> deutsche bank downgrade. >> and oil refineries shutting down across france as protesters protest labor reforms, sparking widespread fuel shortages. >>> well, good morning. and back to "street signs." with the fed still in focus, we want to give you a view of how u.s. markets are set to open. today, we're looking at gre

lse, and it is literally a bunch of guys in say, you, they would have $1 million worth of mortgages and million insurance policy. we will buy $100 million. $100 million in the fact that the policy may go bad stop someone else goes along and that's. someone else comes along. they say that that $10 billion policy will not go bad. each one of these, because they have this underlying value, from which they derive their distance, these are called derivatives. here are the numbers. the gross domestic product in , it is roughlyes $15 trillion. the gross domestic product of the entire plan is roughly 65 million -- exceed $5 trillion. before they made these changes, there was virtually no serious trading of derivatives. this was a brand-new word for all of us. 2008, according to a bank of international settlements, in 2008, the amount of money in ,erivatives that these banks this is what they were writing. trillion dollars. gdp of the planet is $65 trillion of stop if you look at a number like that, you go that something fishy is going on. when the crash happened, it got back up. it is back up n

a couple lines out of deutsche saying that the lse deal is making good progress.tch for more on that. back to the japan story, and suzuki motor shares have slumped after the company said it used an improper method to test the fuel efficiency of its vehicles. let's talk to craig trudeau who joins us on the program. what is the chairman of suzuki expected to say when he gives a news conference that can tests don't sound good. : we can anticipate that the chairman of the company will try to draw a line in the sand suzuki and mitsubishi motors. what you have at mitsubishi motors are two separate issues, one being where it manipulated data related to its many cars, and that led to the minicar's fuel economy being overstated by as much as 10%. as separate issue is they have been missed testing their cars in japan going back many years, but they tried to make the case that that is a technicality, that they are not doing tests the way japan wants them to, and that while they resolve that issue, it may not actually lead to the fuel efficiency ratings of those separate vehi

ice says it will not make an offer for the lse, citing insufficient engagement.nough talk going on there. 's first quarter adjusted revenue was $1.45 billion, in line with the analyst estimates. pre hereng at the gip for the intercontinentalexchange. ice shares have come down. let's talk about greek banks as well. they have been beaten down hard. greece's bailout review for those banks looks set to conclude. all for banks rated overweight. there is 90% upside there. under armour making some waves, locking up bryce harper for another 10 years. the stock is moving lower after the shares were downgraded from a buy to a hold. check out shares in fedex, edging higher after barclays raised the stock to overweight. brandon polanski says the package growth will drive meaningful upside. say tomy pleased to keene joins us from surveillance radio now. we want to discuss the interview with the san francisco fed president. we are never supposed to talk about what's going to happen at fomc meetings. in my view, yes, it would be appropriate, given all the things we talked about

structured and unstructured data, you have a spreadsheet, and you also have everything lse, e-mails, contracts, pdfs, word documents, 40 years worth f information. basically, the life of this law firm and the relationship with clients, and more than 200 ountries around the world. so, when that happened, we're going to look at little bit at the origin. first of all, let me introduce these two from the german newspaper who first received this leak. and they came to us, so basically, they were contacted by an anonymous source. who asked them if they were interested in data. there was the condition that the source want it to remain anonymous. and there was going to be no meetings, and everything was oing to be done over encrypted communications. of course, the reporters asked about the motivation of the source. and the source said that he wanted to make these papers public. i say he, we do not know. t could be as she. but for simplicity and because he has chosen the name john doe, we are going to call him he. they asked how much, how big? the answer was more than anything you have ever s

lse? >> damp conditions, check. >> gloomy, all of the above.ere's your storm tracker rad radar. showers moving through the region heaviest to our south all morning. most of the stuff should move me out by late morning.e mni later this afternoon, yes, we'lw keep a scattered shower in the e forecast. we'll also keep the clouds andud cool conditions but i think the bulk of the measurable rain wiln be the first half of the day.. hey, think about your lawns your gardens, your vegetables ifabs you're growing.rowi all of our farming interests wew are off to great start as far as rain. just think about the muss tus mushrooms growing in your yardoy soon, allison.ison. >> um-hmm.m contest last year.la year. that's right. i don't think i've seen any pop up yet.po i told you high mystery molee yesterday.yest >> sorry about that.or >> it's good.d >> if you want good mushroomd mr growing you can't be mowing. >> you got to have long and luxurious.luxuriou >> the best part that.t looks like my mike is off. i it looks like it's on but theute battery is growing.

and how they had the previous public works violations that were identified by lse, or the state of californiaepartment of industrial relations? such as under payment of per veiling wages? and not using state registered apprentices. and the misclassifying worksers that is often, how the contractors were able to low bid, they will not bid at the direct classification, if it is plumbing work they will not bid it at the bumbing wage or the sheet metal wage they will bid it out on the lower, classification just in order to get the about i had and i think that this is really a step in the right direction, and thank you, and i applaud you for bringing this, and i think that like i said it is a great thing for the tax payers, and for the city and county of san francisco. and having the lowest responsible bidders performing work. thank you. >> and thank you. >> and any at dishal public on this item? >> and i see none, mr. chairman, may we close public comment? >> great. and so just, a few questions for, it could be for the state attorney or the department. one is, just to really clarify how the lbe te

and how they had the previous public works violations that were identified by lse, or the state of californiaepartment of industrial relations? such as under payment of per veiling wages? and not using state registered apprentices. and the misclassifying worksers that is often, how the contractors were able to low bid, they will not bid at the direct classification, if it is plumbing work they will not bid it at the bumbing wage or the sheet metal wage they will bid it out on the lower, classification just in order to get the about i had and i think that this is really a step in the right direction, and thank you, and i applaud you for bringing this, and i think that like i said it is a great thing for the tax payers, and for the city and county of san francisco. and having the lowest responsible bidders performing work. thank you. >> and thank you. >> and any at dishal public on this item? >> and i see none, mr. chairman, may we close public comment? >> great. and so just, a few questions for, it could be for the state attorney or the department. one is, just to really clarify how the lbe te

and how they had the previous public works violations that were identified by lse, or the state of californiaepartment of industrial relations? such as under payment of per veiling wages? and not using state registered apprentices. and the misclassifying worksers that is often, how the contractors were able to low bid, they will not bid at the direct classification, if it is plumbing work they will not bid it at the bumbing wage or the sheet metal wage they will bid it out on the lower, classification just in order to get the about i had and i think that this is really a step in the right direction, and thank you, and i applaud you for bringing this, and i think that like i said it is a great thing for the tax payers, and for the city and county of san francisco. and having the lowest responsible bidders performing work. thank you. >> and thank you. >> and any at dishal public on this item? >> and i see none, mr. chairman, may we close public comment? >> great. and so just, a few questions for, it could be for the state attorney or the department. one is, just to really clarify how the lbe te