the answer when we come back. ♪ matt: i'm matt miller. matt: joe: i'm joe weisenthal.at'd you miss?" matt: we asked who is enjoying a surprising comeback in its beleaguered housing sector. the answer is spain. house prices rose more than 4%. however, spain's unemployment still stands at 23%, the second highest in the euro area after greece. matt: good place to move though, maybe. joe: a lot of people are. matt: and you would not have to lie about your income to get a loan over there, assuming you had income. the same toxic loans and that led to the u.s. housing bust. they are creeping back into the market here, but how safe are those aaa rated bonds? bloomberg's jodie shannon is with us. liar loans, we all remember. you do not even have to declare income or you just made up a number, did not have to prove you had a job. it's not as bad. guest: there is a twist in part , because those have essentially been outlawed in the dodd-frank. somewhere that we have something equivalent to liar loans, they require the lenders and banks to make sure people can afford the loans the

matt. >> the word on rick was that he, you know, he liked to boil hot water with baby oil in it and throw it on people's faces. that's what the word about rick was in clinton. >> reporter: sweat and matt were lifers with time on their hands. and it was in that tailor shop that they would hatch the prison-break plot that would terrify upstate new york, and transfix the nation. they would begin by working on joyce, trying to turn her, by turning on the charm. >> i do think that she enjoyed the male attention. i think that she enjoyed comin' to work and having, you know, people compliment her. >> reporter: and soon joyce mitchell would find herself falling deeper and deeper into a plot from which she could find no escape. >>> coming up. the prison had steel bars, barbed wire and guards with guns. >> how did anyone break out of there? >> they -- >> evil cunning conniving. >> -- had her. >> i didn't mean for any of this to happen. >> why did they do it? why did she? (queen's "you're my best frie

matt: and brands are so high is so high itnt impedes the possibility to save for a down payment, so it is difficult to get out of the cycle. nja: it is. i would go as far to say there is an affordability crisis in the nation. very few markets are affected and everyone feels the pain of rental rate increases while wages, especially at the bottom end of the income distribution, are not doing much of anything. matt: surely the market will meet that with enough supply. so high, people will build more condos and more apartment buildings and went out. venja: we are seeing a pickup and supply but most of it is in the high end. a lot of construction in the luxury sector or high end and not enough buildings in terms of the middle tier or even affordable housing and that is a problem. hopefully the market will come and meet is but it is not happy right now. matt: what about supply of new homes? existing homes supply has been tighter as people are not as urgently excelling as they had been in past years.

matt: i am matt miller. fox.s into the trading day, so let's take a look at markets right now. u.s. stocks, a little bit of a bid for stocks, the s&p 500 up three points and job -- downturns of 21 points and everyone waiting on the federal blizzard rate decision which

i am mark crumpton, with matt miller. matt: let's get a look at the markets. they are red across the board. the s&p 500 down 1.5%. 19.59 the number. nearly 300ing points. mark: it gives one pause, because what are the market saying yesterday and today about the federal reserve's decision not to raise interest rates? mark: some could say they are concerned janet yellen doesn't have the ability to raise interest rates, are we going to be stuck here forever? is the u.s. japan? treasuries, you can see in -- investors are running for treasuries. matt: the to your is the usually -- two year is the most sensitive. the 30 year is down at 2.94%. and into the 10 year as well, the yield down five basis points at 2.14%. oil, oil has at been interesting to watch today, dropping amid a broader selloff. the fed was to global risk and it's really the lack of inflation that is the problem for janet yellen. that's what we see in the oil markets as well. i'll bring it up myself. let's take a look at oil. here's a one-day look at oil. can we pull up my terminal? one-day look at o

matt. >> reporter: at some point there was sexual contact between you and richard matt. and when i interviewed your husband lyle, he said you swore to him that there was not. and that wasn't true, was it? >> there was never any actual sexual intercourse. mr. matt had grabbed me a couple times and kissed me. and then there was one point i'm sorry. he wanted me to-- he wanted me to perform oral sex on him. and i said no. and when i said no, he grabbed my head and pushed me down. >> reporter: she says what happened next was very brief and as soon as she could, she jumped up and ran away. >> reporter: when you told your husband there was no sexual contact, you were talking about intercourse and you were talking -- >> yes. >> reporter: -- about consensual sexual contact. >> yes. >> reporter: so just to be clear, at no point in this relationship with richard matt was there any, in your opinion, consensual sexual contact between the two of you? >> there was never any consensual. >> reporter: when

matt: when are you talking about? alix: labor day weekend. matt: $3.35. alix: $2.44.he cheapest gasoline during a labor day weekend since 2004. matt: that is low. but that is not in bronxville. alix: there's a whole thing of how much you are going to get passed on to that. matt: have refineries not been responsible to some extent for holding prices higher a little bit? alix: have they been responsible for holding gasoline prices higher? matt: for not letting them fall fast enough. alix: no. wti selling for brent. matt: i heard that, but -- mythbusters with alix steel. alix will take a quick break and then she will come back and join me for the rest of the hour. right now i want to take you to our top stories. guess prices at an 11 year low this holiday weekend. welcome news for americans planning to hit the road. it is expected there will be plenty of those people on the highway straight triple-a says this will be the busiest labor day weekend on u.s. highways in seven years, more than 30 million people expected to travel more than 50 miles from home. weeks after an a

. ♪ matt: good morning, i'm matt miller.here is not a lot of action ahead of the fed decision at 2:00 p.m. you see equities unchanged across the board. take a look at treasuries. here is where you would expect to see more action. yield down only one basis point. let's take a look at what is making news. while aftera little the decision, the computer traders turn they'll out rhythms off on days like this because the computers cannot understand what we may not be able to grasp either. but we talk to you about unemployment benefits. claims, i should say. they fell to the lowest level in two months. july.west level since the latest reading on the housing market indicate it might be leveling off. revisedigures were downward. housing has been gaining most of the year. opec is bullish on oil in the long run. the cartel expects oil to rise steadily. goldman sachs says otherwise. crude prices low for the next 15 years. 10 republican presidential candidates took aim at the front runner last night. they squared off at the reagan librar

matt: i want to bring it back to that. tom keene and mike mckee were asking the question, is the old model broken? is the phillips curve no longer relevant? there is so much slack and labor force and we are at 5.1% unemployment. normally, that would push up wages sincerely. >> i think tom is right to focus on this so-called philip kerr relationship. changedrelationship has , things are different. the structure of the labor market has changed. looking back at how the relationship between wages and an implement worked in 1960, it's the longer relevant. a lot of people argue with good reason that the wage rate or the price of labor in the states is determined by the global price of labor, which is set by china. all the outsourcing that we are is meaning that you can have low levels of unemployment but no sign that wage inflation is picking up. with productivity growth on the long-term downturn, that's a worrying factor. -- it iss to the u.k. a key challenge for policymakers. matt: we appreciate your time this morning. up, the

matt: thanks for joining us. joe: and we will be right back. ♪ matt: i'm matt miller.t'd you miss?" tomorrow's apple event, i'm sure you've been waiting as desperately as i have for the news tough. i don't expect the new phone to be that much of a leap forward. joe: i'm not really that excited about it. i'm super pumped for the apple tv. something i'm more excited about,the jolt survey is janet yellen likes this report .ecause it shows indicators it's a labor turnover survey. that is out tomorrow at 10:00. matt: the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. emily: we have the top things you need to watch for at tomorrow's big event. emily: i'm emily ch

matt: good afternoon. alix: we have to get a look at these markets because we are off on the dow by about 240 pounds. matt: we are around the lows. we were down 300 earlier. aboutand the s&p 500 down 25. the question is why? matt: because. alix: stocks have been relatively flat. matt: i thought that was weird too. but janet yellen came out and said the global economy is still weak and terrifying and we cannot get off the zero balance. we do have some rebalancing going on within the s&p 500. some estimates are $41 billion of shares need to be changed. stuff like that could be part of it. matt: except you see investors running for safety. not a lot of action at the front of the curve of people piling into the middle and long end. the yield down to .13%, so getting ever closer to the two level. investors will buy to stay safer as a figure out what is going on with the fed. is it that the fed is to dovish and isn't a political needed to sway to the left or is it really that there's no inflation, so much slack.

matt: welcome back to the bloomberg "market day." i am matt miller. to openator another phase in the hillary clinton e-mail investigation. chuck grassley says an independent authority should determine whether she'd deleted any official messages. the computer server shoe turnover is being checked for deleted messages. show most americans agree with the central theme of donald trump president -- theme for president. 72% of those surveyed think their country is not as great as it once was. it shows americans are fed up with politics. they think the country is going in the wrong direction. fell lastods orders month, down 2%, less than it acted. a strong dollar in china's economic slowdown of her demand. durable goods are products that are meant to be used at least three years like refrigerators or cars. sales rose last month at the highest rate in 7.5 years. 2000.ual rate of that was much higher than the median forecast. those are your top stories. ford unveiled the first aluminum pickup at they texas state fair in dallas. yearsedesign follows last and50a

matt rang the front doorbell.hen ken maclennan walked downstairs to see who it was, jason ambushed him. [ shots ] ken grabbed the rifle barrel, but it was too late. and jason fired seven shots, killing his father instantly. jason and matt ransacked the house to make it look like a robbery. they collected the spent shell casings, but unknowingly, left one behind. matt disposed of jason's blood-spattered clothes and tried to damage the inside of the rifle barrel to render it useless as evidence. but ken maclennan's blood inside the barrel and the shell casing from the scene were more than enough evidence for the trial. jason maclennan pleaded not guilty and claimed he killed his father in self-defense. the jury didn't buy it. jason was convicted of first-degree murder and sentenced to life in prison. matt moeller pleaded guilty to second-degree murder and was sentenced to 30 years. >> sometimes i still can't believe that i'm here in prison. i still can't believe the decision i made to put myself here. >> the boys' p

matt: let's do it. ♪ matt: that was a blast. literally.first things i thought about when i was reading about these homes was i want one. you are not going to get any electric bills, you have designed them to have an ample amount of space. is it going to be $500,000, $400,000 -- what are we talking about for the price? david: $225,000. $250,000 max. about 75% of the new homes sold in america are $250,000 or less. we felt like, if we were going to go after the masses, we are going to have to achieve that $250,000 or less price point. dan: we are doing this at an affordable price point in a middle-class neighborhood and making product and homes that regular people can live in and benefit from. david: when you look at the total cost of owning, operating, and maintaining the home, it is less than renting. we come back a year from now, you will see that this community has changed. we felt like we needed to build homes and demonstrate that these are better built homes, better performance homes. we always had the vision of delivering products that

matt: i'm matt miller. let's get a check on the markets with julie hyman.g at what slight gains we are seeing after a big yet open. julie: a big gap open with all the major averages up over 1%. it was just sort of it did not sustain it self. we have the second-biggest gains for stocks this year but could not he sustained. i want to point out some individual movers where we do have catalysts. this is a producer of liquid national -- liquid natural gas. jim chain as says he is shorting this company, saying liquefied natural gas is a looming disaster and demand is not growing. this puts him on the other side of the trade of some prominent names. , has anhn, most notably 8% stake in the company. he has been in talks to an act some changes but he is not alone. there is a lot of hedge fund ownership of this company. i will go through some of this for you -- carl icahn the largest holder here with that 8% stake. investors, point stake investors -- a lot of ownership on the other side of that trade rum jim chain nose. we will see how it turns out. he hass had menti

matt: and i'm matt miller.look at markets as they climb higher into the trading day and the late start in a shortened week. tilting gains off of what we saw in china overnight -- building games off of what we saw in china overnight. down one point 5%, the dow jones industrial as well, adding 243 point 216,345. gaining back what we lost on friday. pimm: let's take a look at the commodity complex. crude falling a little bit. europe, up in europe a little bit. copper futures -- matt: by the way, because we had a holiday yesterday -- pimm: right, no trading. matt: well, they were spreading, but no settlement. this is why the nine axes down while the brent crude is up. this is monday and tuesday traits going in as the brent was settled yesterday. pimm: all right, i want to take a look at the bond market and a little bit of dental -- settling going on across the market. the long bond, 296. -- 2.96. i want to pull up two companies and track their movements. matt: why don't we just let my terminal? because i was going

matt. >> thanks, matt.king for a man who got a manicure and then robbed the salon. this is surveillance from rockland nails in the city's logan section on sunday. employees say when it was time to pay the bill, the man pulled out a sawed off shot gun and cleaned out several cash drawers. the robber got away. no one was physically hurt. >> a 15-year-old in chester will be charged for bringing a toy gone school. but some officials are pushing for a tougher punishment. the toy gun caused chester high school to go into lockdown yesterday morning. the teen is back home and will not face a felony. a delaware county probation official determined although the gun is very realistic looking, because it is not an actual firearm, the tenth grader is only be charged way misdemeanor. the delaware county d.a. says it is worth reviewing the current law to see if this is a loophole that can be closed but says for now authorities' hands are tied. >> a young entrepreneur who hopes to land on the forbes richest list one day re

i'm matt miller. straight to the stories making news at this hour from the bloomberg terminal. ben carson, republican lyricale, says that correctness is the reason he's taking heat for saying that a muslim should not be elected president. he says it is his view that anyone wanting to be president must embrace the constitution and american principles and that anyone who does can be president. scott walker says that he is not the only republican who should be quitting the race for the white house. the wisconsin governor ended his campaign yesterday after falling in the polls and struggling for donations. walker: i encourage other candidates to do the same so that the voters can focus on a limited number of candidates who can offer a positive, conservative alternative to the current front runner. tot: a positive alternative the front runner, obviously referencing donald trump. walker never mentioned trumped by name. at one time he talked to the polls in iowa, but recently he felt to 10th place. the obama

. ♪ matt: good friday afternoon. i and matt miller here with alix steel.lix: we do have to look at the markets right now. lows oflooking at the the session. it seems as if the job report was a glass half-empty kind of day. matt: the jobs number disappointed. the unemployment level was so low it means the fed's employment gauge and you have inflation at one point in percent -- 1.8%. alix: it is the second worst week of the year. the snp suffered its two biggest weekend losses just in the past three weeks. i want to take a look at the technical levels. -- s&p 500 over the last couple days. this is a tuesday low. we reached the wednesday low during the day. this seems to be the key number right around 1903. matt: i was wondering that. bounceseeing if it will back down to the august low. take a look at treasuries here. insaw a little bit of a dip the two-year, which rallied. when bonds rally, yields come down. prices of hans that bonds -- bonds up. the action obviously is in the front of the curve because that towhat moves most sensitive the fed decision. alix

the matt ryan was a top high school product for penn charter. he went to football camp at boston college where one of his counselors was none other than a young chip kelly. atlanta three time pro bowler has been drawing praise from the bird coach ever since. >> he has played at a really high level. that is the the thing, that we're most concern with them offensively is matt, and julio and roddie. he has weapons on the outside to get the ball too he takes care of the football. he is a bright quarterback. so, the only thing you can do is try to get him off of that rhythm. >> all right. we are teaming up with phl17 to bring you the game tomorrow night. our pregame show count down to kick off is at 6:30, game itself at 7:00, both on phl17. >>> as we wrap up our show here, jamie what is your one key we are looking for tomorrow. >> i know what i will say sam bradford. i want to see defense play. they were awful last year. there is no two ways about it. this secondary looks so much better. a whole bunch of new players, surrounding the entire team. defe

matt: good afternoon. i'm matt miller. mark: i am mark crumpton.on the bloomberg "market day." stocks are rising this afternoon, a week before the fed decision on interest rates. u.s. government report showing fewer americans applied for jobless benefits last week. that is also giving stocks a boost. the broader market up half a percent at 1952. apple, talking about apple yesterday. we noticed after 1:00 new york time when the prices of some of these items were coming out, the apples talk had dropped. today apple making a comeback, 1 over 2% trading at 11243 -- 12.43. crude oil leaving the gain in commodities. nymex crude up 2.8% trading at 45.40. brent crude also up at 48.41. gold trying to end the five-day slide at $1109 $.80 per ounce. $1109.80. matt: pushing the yield on one basis points. the 10-year and 30-year yield climbing. sellers there and the 10 year yield at 2.21%. as far as currencies go, check real, therazilian r weakest the currency has been in some time as the credit rating is cut to junk on a faltering economy and political scandal

for matt pelman, karen rogers, dave murphy, tamala edwards, i'm matt o'donnell. everyone. when cigarette cravings hit, all i can think about is getting relief. only nicorette mini has a patented fast-dissolving formula. it starts to relieve sudden cravings fast. i never know when i'll need relief. that's why i only choose nicorette mini. >>> good morning, america. happening right now, a massive manhunt for three cop killers. >> send everybody you possibly can. officer is down. >>> s.w.a.t. teams go door to do searching for the suspects who gunned down the 32-year veteran and father of four. schools closed, residents urged to stay inside, an entire community on alert. >>> new this morning, the gloves are off. jeb bush on the attack going after donald trump. calling him a bully. the fight getting personal and trump here live this morning responding only on "gma." >>> taken hostage. the terrifying moments when a gunman walked into a classroom with a gun. >> i thought that it was my time. >> how this hero teacher got her students to remain calm and make a dramatic es

matt. >> thank you matt. >>> we're following a developing story right now.ew information has been coupling in over the last few hours about an accident in ocean county where a car slammed into a mother and her two young daughters. you saw the damaged stroller in the middle of route nine in lakewood. there it is. we know that the two children are in serious condition and their mother is in stable condition. the driver who hit them was in a lincoln town car and remained at the scene. we will continue to update you on this still developing story from lakewood. >>> and philadelphia police raided yet another illegal funeral home in the city and found three bodies that were badly decomposed and deplorable conditions throughout the place. "action news" reporter katherine scott is in the satellite center with the details. katherine. >> reporter: matt, it certainly was a gruesome discovery. the funeral director says that this is all just a misunderstanding but police say that this funeral parlor has been operating without a license. they found three bodies inside, tw

we will hear from the ceo next. ♪ matt: i am matt miller.t with a new model and the company describes it quite simply as the sexiest rolls-royce ever built. i spoke to the ceo about why don't was unveiled on the internet. >> you see more and more happening. you see blogging. demand and tosay really stream information world, it isthe raising and raising. you have clients getting younger and younger as well over the years. also very much used to modern devices, online media, and all that stuff nearly are catering basically for a new niche. to really unveil. matt: this one has apparently more legroom. the rear end kind of reminds me of an old -- an old boat. what do you think are your favorite designs on this? definitely where we have put it outside onto the roof but also down to the interior of the car and that is gorgeous. that amounts to what i would call professional crafting in yachting. that is exactly the feeling when you are driving that. it is gorgeous. imagine sitting in this car, driving down the pacific coastal highway. note better

matt -- matt: this is what i love.s is according to "the wall street journal," he is going to become the new head of volkswagen. was: matthias mueller running the most profitable brand in the world until it got swallowed up by volkswagen after porsche attempted a takeover of volkswagen. they turned it around on them. he is sort of, has been the chosen -- pimm: how long has he been there, about? matt: he has been it volkswagen for 20 years. the: he is a veteran of company. matt: he is a favorite and the volkswagen,man of the venerable most important automaker figure in the world until couple months ago, when he was trying to throw out martin winterkorn as ceo, they planned on replacing him with matthias muller. that was originally in the had sobut winterkorn much backing, he was able to throw him out instead -- pimm: two years with the environmental protection agency. they have not just discovered this. matt: i think it is fairly says heus winterkorn needs to start an investigation. pimm: he's not going to start anythin

matt: maybe 24. by these production parts -- these vehicles, could they be made by hand -- indeed, they may not even have production parts and that much of the car will be recalled and replace later on. matt: that is entirely possible. the press cars that go out for review are often key production models, which are put together, 99% resemblance to what you will get. while tesla has delayed this and delayed this, -- 2012, elon musk said it was coming out 2013. but when you like to a politician it is ok. [laughter] cory: so, is there a history where we saw a similar thing? a lot of it got recalled and there were some issues -- matt: tesla doesn't do recalls. they will just make modifications. it all follows the silicon valley model. they will ship out updates, like when you download ios. it's not called a recall. cory: the ntsb has some issues with that as i recall. when do you expect this car to be in production as opposed to handmade vehicles? mat: they are pretty close. i don't think tesla is dumb e

matt. >> matt crossing painter's crossing this morning here in chadds ford delaware county.raffic is moving well along 202 over route one baltimore pike through the intersection. no issues. it's nice and dry. but we have a new issue in montgomery county and an update on the pennsylvania turnpike for you after the break. >> and harry styles international pop star was spotted hanging out near a local college campus. it really happened last night. we'll have the details on that when "action news" comes back. >> ♪ do we have anymore chips? [off screen] fellas? uh, sorry. we were day dreaming. about that vip tailgate and game tickets? uh yeah! and that pre-game sideline experience... exactly. or even eagle season tickets! [shouting over crowd] how do you know? you both have the new instant game from the pennsylvania lottery. yeah, the eagles instant game with top prizes of $50,000. and second chance prizes, including season tickets. [both sigh] the pennsylvania lottery. bring your dreams to life. hey! let me help with that. oh, thank you! ♪ introducing the one-and-only volkswagen

betty: matt, thank you so much. matt miller in our newsroom.ark gilbert from london. scarlet: he wrote a piece today saying it looks like -- the question to you is our automotive engineers the new rogue bankers? echoeshere are a lot of to we are seeing in the auto industry. there was never only one cockroach. that is what we learned in the currency rigging. that is what i suspect we will learn in the auto industry. i doubt volkswagen is the only one that has been playing fast and loose with the rules of epa. if you look back in the auto industry trade magazines and look through reporting in recent years, everyone knew carmakers were gaining the system. how do you feel efficiency figures of the edit than anyone can get in the real world. i think the coaching of regulation that is at fault. if you don't break one broken window, all the windows get broken. if the regulations allow automakers to get away with murder on emissions testing and feel efficiency testing, the automaker culture will try to get away with more and more. that is where the fau

matt. >> thank you, matt.hiladelphia police are looking for a man who got a manicure and then robbed the salon. this is surveillance from rock lands nails in the city's logan section on sunday. employees say when it was time to pay the bill the man pulled out a sawed off shot gun and cleaned out several cash drawers. the robber got a way. no one was physically hurt. >> a 15-year-old in chester will be charged for bringing a toy gone school but some officials are pushing for a tougher punishment. the toy gun caused chester high school to go into lockdown yesterday morning. the teen is back home and will not face a felony. a delaware county probation official determined although the gun very realistic looking because it is not an actual firearm the tenth grader can only be charged with a misdemeanor of possession of a weapon on school grounds. that has incensed chester's police commissioner. >> sends a horrendous message to this community that you can do what you damn well please and if it looks like a toy, you

. >> matt: francisco liriano, a strikeout rif as we call it. nine of them this afternoon. >> he was in control of everything if you think about it. his, even at the plate. two hits at the plate. never felt like he was going to get the train off the tracks. he was outstanding for the pirates. >> matt: liriano with a couple hits today. this season, he had maxed his hit total this year for his entire career. he's become an okay hitter in his senior statehood. joaquin soria takes over. just shy of the deadline at the end of july. working on a stretch of nine straight scoreless appearances. >> john: this is one of those moves that didn't make huge headlines that would be huge dead lines. they have lengthened the depth in their bullpen. and of course, another one we talked about. added an speernlgsed guy. not the closer. but a once closer. a very good closer now. leading into melancon if they need him. >> matt: starlin castro in the ninth if they need him. began the series between these two teams. jake arrieta and a.j. burnett. a.j. has been brillian

coach matt rhule live in studio with brandon graham and ducis rodgers. yeah a lot of respect for temple football these men coming up on "action news" sports sunday in a few minutes we're ready to go on sports sunday at 11:35 we're right we're ready to go on sports sunday at 11:35 we're right back after this. good intentions. is paved with mr. president, we know you tried to make a good deal with iran. whose leaders stone women, hang homosexuals, sponsor mass terrorism, scream for the destruction of israel and death to america. so, what if you're wrong? and they can't be trusted? senator casey, don't trust iran. vote this down. hey! let me help with that. oh, thank you! ♪ introducing the one-and-only volkswagen golf sportwagen. the sportier utility vehicle. >> well it's nothing like the real thing. people in delaware county gotta head of the papal visit. popebot came for a special visit at theersy. finding kids and families and even a few doctor and nurses anxious to get a picture from the papal inspired robots. there you have it. >> and fyi fully is next

matt: good morning. pimm: welcome to the bloomberg markets. we are 90 minutes into the trading session. selloff today, been lacking in bonds areplace rate rallying following yesterdays no decision by the federal reserve. they cannot manage to raise interest rate, and that says something about the global economy. a little bit of selling in .he short end of the curve matt: stocks in treasuries. new summaries of the day from the bloomberg terminal. a measure with the economy may look like in three to six months rose slightly in august. the leading index was up 1/10 of 1%. it has 10 components, including building permits, stock prices, and average weekly hours. a prominent goldman sachs executive says do not focus too much on increases in interest rates. they said rates would have to move too much higher before major concern about equities. i would say that many investors have been making too much of it, quite frankly late this increase, whenever it comes, would have already been widely telegraphed rate what we need to think about is whether that

mark: matt miller, thanks.in a moment. ♪ mark: bentley, the iconic british luxury carmaker is treading new ground. company's first foray into the suv market, and it said to be the fastest, most powerful, and was expensive suv ever built. matt miller said on with the ceo bentley motors and asked about the target customer. >> the very first one we are having delivered to the queen of england, who owns a big property in scotland, and decided to test drive it if you weeks ago. not use it for her hunting expeditions. matt: she own scotland, she can afford it. it is the most expensive suv, it has to be one of the fastest. zero to 60 in four seconds. horsepower, 660 pounds of torque. top speed of 187 miles per hour. matt: who else besides the queen will be able to shell out for this? you're looking at about $300,000. >> starting price of $229,000. you can option it up to $300,000. the clock the cost $150,000, self winding. >> that's on the extreme end. not everyone is going to do that. tot of our customers own six eig

matt: hans?ns: if i had a clean diesel that had a lot more torque and was legally allowed, i might hold on to that car. maybe i should be more environment only conscious. matt: don't you care about the environment, hans? hans: i want a prediction from that, does winterkorn stay? matt: he's gone. betty: we have to get going. hans, thank you. matt, we will be back with you and more car talk later in the hour. nissan'su spoke with ceo about what's going on with volkswagen. scarlet: much more coming up on the "bloomberg market day." stay with us. ♪ scarlet: welcome back to the "bloomberg market day." i'm scarlet fu. betty: i'm betty liu. chinese president xi jinping and u.s. president obama will meet in washington this week. officialsp foreign think cyber security is not just a u.s. problem. >> china believes that china and united states and other countries should really try to work together and work out the rules for cyber security. equality and of mutual benefits. and mutual respect. scarlet: for a

matt miller is in the newsroom with those details.has changed from the last time we spoke matt: no. markets have plummeted today. we are still around 400 points above the loss -- we were down a bit lower before. still basically 2.5% on the dow, the s&p, the nasdaq down 2%. have fallenthe dow into correction mode. they are both off 10% from their highs. the dow jones had its worst august in 17 years, finishing the worst month in five years yesterday. the nasdaq is now officially negative for the year. even the nasdaq and the momentum play had been so strong, tech stocks have been so strong but it is down for the year. oil with its biggest drop in seven months today. -- the or 348 a barrel biggest drop in seven months, but it was up over the last three days. it doesn't look so bad if you take a look at the five day trade. out -- graphedl oil out. today's drop while severe if looked at in a single day doesn't look so bad if you look at it over a week. oil is down. a lot of the oil -- a lot of the oil movers are down. you will see the big

it was not a problem thanks to offered morris and matt jones. -- alfred morris and matt jones.the redskins dominated the line of scrimmage early. rookie matt jones has a gaping hole to the left side and goes 39-yard td andhe he does his version of the lambeau leap. washington's defense looked good. they sacked nick foles once. the skins secondary was all over the place, covering rams receivers. it is 10-0 skins. kirk cousins throws it the corner for pierre garcon and it is a touchdown. washington was turnover-free until the third reading that is when matt jones -- third. that is when matt jones pops it up. after that, touchdown st. louis. the skins respond with a strong drive in the fourth. jones punches it in from three yards out to put the game away andhe redskins win 24-10 they improved to 1-1 on the season. statementou made a the way they shut you out last season? >> we just want to take it one game at a time. we didn't want to go out and make a statement. we just wanted to go out and play good football. >> that is the blueprint we have to have. you have a young quarterback

matt. >> good morning to you, tam.re live here in tacony by the boston market and the sunoco station along torresdale avenue at cottman avenue with no issues to report so far this morning. but one of our major highways is closing coming up tonight. we'll tell you which one after the break. >> meet the man who flew a drone while he was still holding onto it. later in the morning buzz. >> ♪ >> welcome back. you're taking a live look here sky6 a-view from temple out over center city. it's one of those hazy, humid, heavy mornings. it is 5:14, 75 degrees getting into the 90's yet again today. >> okay, matt, what you got in traffic. >> hopefully the new owls are enjoying their time in the nest. how was the boys' first day of school yesterday, tam. >> it was great. i'll show you some pictures of little maxie. >> can't wait to see. good morning, guys. a lot of school buses back on the roads now so we're watching out for them as we head out of the suburbs this morning and watching out for just a couple other things but here alo

matt: he has. i am only joking a little bit because the volkswagen brand was outsold by subbarao. -- subaru. erik: i cannot blame americans for not wanting to buy the pas sat. matt: it is soviet-era. volkswagen has some outstanding bugatti,amborghini, so, he has been a great job. and if you face off against ferdinand and win, he is the first and only to do that. erik: what about number four? matt: general electric -- the deal might get to look from regulators. ge will sell certain assets including servicing contract and intellectual property to an italian rival. erik: massively important for jeffrey immelt's effort to transform ge back into an industrial company. in 10 years i promise you they will go back to a giant conglomerate that has a financial company. i started with siemens 10 years ago and it is the same thing. executives like to buy things better than they like to sell. erik: quick number 5 -- we talk about whether m&a will shut down, and there is a market that has effectively shut down a

matt o'donnell is off. nydia han is joining us.pening. >> a firefighter hurt, these the result of a blaze in delaware overnight. >> the world meeting of families officially gets under way today. we're live outside the cathedral basilica of saints peter and paul with the very latest. >> say goodbye to summer and hello he to fall which officially begins tomorrow and it is beginning to feel more like autumn. >> all right. let's go on over to karen rogers much she's in for dave murphy taking a loo

matt. >> will do.ou matt. >>> all new this morning, the search for the killer who carried out a double shooting in west philadelphia. it left one man dead, another hospitalized. it happened at 62nd and market streets at about 10:30 last night. a 25-year-old man was shot in the chest. he's the one who died. a 36-year-old man was shot in the hip and is in stable condition. police counted more than 20 bullet casings that scattered down the block. >>> and also new on "action news," two former day care workers in north jersey are charged with forcing children into a so-called fight club on the school playground. prosecutors say erica kenny and chance white used the app snapchat to send clips of the disturbing fights to a group of people all for their amusement. it happened at the lightbridge academy in cranford. police say at least a dozen children are seen taking swings and shoving other kids in the videos. none of the children were seriously hurt. >> a county clerk in kentucky could be on her way to jail

matt. >> i'll take this one, thank you, matt. >>> temple university is advising students to use securityorts in the wake of two attacks near ca campus. a student was walking home from the library when she was attacked on the 1400 block of carlisle. that's just south of campus. police say the man displayed a gun told her not to scream, then sexually assaulted the victim. authorities say sexual assaults involving strangers near campus are rare. "action news" talked to a young woman who lives on the block where the assault happens. >> reporter: will it make you change the way you behave. >> yes, it does but it also freaks me out a bit. this happened on my very block. >> reporter: just hours earlier before the sexual assault police say another woman a 23-year-old was walking with friends in the 1500 block of thompson street when she was physically assaulted. the suspects in that case fired three shots before taking off. authorities are reviewing surveillance cameras in both areas. >> ♪ >> breaking overnight, two masked men are on the run after terrorizing a family during an overnight home in

matt. >> thanks, matt. >>> thousands of heads of cabbage caused traffic issues in rochester, new york-trailer rolled over during morning rush yesterday spilling its load of rough patch alageall over the interst. police are not sure what caused the truck driver to loss control. >>> a wind storm brought a tree down on a worker tap washington state thrift store. surveillance video shows the worker moving things on the forklift when the tree came crashing down on him. the man says the bars on the forklift saved his life. he said he wasn't scared when the tree came down. instead, he was more concerned with cleaning up the mess. >> happening today, funeral services are planned for the cameraman killed last week in virginia. a memorial for adam ward was held last night at his high school in salem. visitors wore the colors of ward's favorite sports team from his alma mater virginia tech university. that's where he graduated in 2011. ward and reporter allison park we are shot and killed on tv live wednesday morning. the gunman vester flanagan later died from a self inflicted gunshot wound. >>>

matt. >> good morning, matt. headed to the airport early on this wednesday morning, so far so good here at the platt bridge. headlights coming westbound brake for me and for the airport looking good at this point. we'll check some other issues including 202 and 422 after the break. >> also when we come back dozens of planes will take flight today in atlantic city. we'll have a preview of this year's air show. >> ♪ >> traffic starting to build there on the platt memorial bridge. good morning, it's wednesday, 5:44. 74 degrees here on city avenue. heat wave continues with a high temperature of 93 today. >> i just looked at matt pelman. he's bouncing on his toes. he can't wait the to tell you about your suburban commute. >> i have so many things to offer you. it's like a smorgasbord. on this wednesday hump day morning. often when we have foggy conditions this is one of the first spots where we're fogged in. not this morning. the fog doesn't look too bad. it is very patchy as karen has been saying. we've been seeing a

matt? >> and the pope's first day here in the united states, he's getting ready to arrive at the white house, including why his papacy is unlike we've ever seen. but first on a wednesday morning this is "today" on nbc. my guys are with me, every step of the way. cause i'm with cigna healthspring medicare advantage. that's them. they check out my prescriptions to make sure there aren't any problems. they help keep me going strong. thanks! they make medicare work for me, just like they have for millions of others. because with cigna healthspring medicare advantage, i've got a team that's got my back. that's how we roll. cigna healthspring. together, all the way. . >>> coming up, trevor noah stops by and tells us how he's feeling as he prepares to take over "the statement jackets are thall about what's new, what's now what's bold what's wow this season at chico's, it's all about you. express your personal style with new statement jackets for fall only at chico's and chicos.com you...and itchy

>> actually that's back to matt, we just sent him to indiana to do a door knock with jared the subway pitch man. this was while he was on his way to interview the whistleblower. >> the whom who brought him down and his ex-director charged with horrific crimes against children. >> we're not just going after criminals we are going after scammers. this is good old-fashioned crime tv. we haven't seen it on tv for a long time. >> thinking we miss you want to talk about? >> again he's single. >> ha, ha. >>> one of the greatest feelings when you know your parents are having fun with you, and then they sometimes give you gold like this. here's mom rolling down the hill with the kids. >> uh-oh, uh-oh. >> mom can't stop. mom? >> you think it's over, no. >> oh my gosh. >> what is she practicing to be a stunt woman? >> those last two rolls i think are because she's propping laughing so hard she can't physically get herself into the position to stop. >> like a crash test tummy, legs and arms going everywhere. >> like a doll going down the hill. that one was good but this one is better. here is mom