i am erik schatzker joined by matt miller.orth exceeded 15 billion of the end of june -- cash surpasses 50 billion at the end of june. when is he going to swing for coversces? our analyst herbs are halfway up bloomberg and will help us try to answer that question. >> cash surpassing 15% of the assets. does not happen that often. when it does, what does he do? >> he looks first and foremost to buy the whole company. he did this with burlington northern. he has been a lot of not sometimes. there are about 80 subsidiaries. so the big examples of this is last year he spent $12 billion buying heinz. but the year before $11 billion amassing a stake in ibm. now he has $55 billion. i have heard in the past times where he has had increments of that, 40 billion dollars and $30 billion. the most interesting part of the story i thought was right now everyone has more money than they have they have ever had. does warren buffett amassed these huge cash positions every time everyone else does as well because then it makes buying opportunitie

matt miller is back with details. >> let's take a look.were coming off of the highs that we hit right before the minutes were released. we had gone up to about 1986 on the s&p. to 1983,ome back down but we started the day on 1987. butl up from this morning, just barely. a couple of individual stocks we are watching right now, target is still reeling from last year's hacker attack. they cut their full-year forecast, the retailer explaining the bump in sales as a money push into canada. hertz haverts -- plunged, in addition to the record level of auto recalls and cost by accounting review. more "bottom line" after this. ♪ >> welcome back to the second onf-hour of "bottom line," bloomberg television. thank you so much for staying with us. let's get back to our top story. the release of our latest minutes. i am joined by constance hunter, chief economist at kpmg and board member of the national association of business economics, and kathleen gaffney, chief investor in the $1.3 billion asset directed codirector of the firm's investment fixed in

i am matt miller. of largest ever acquisition a restaurant chain.in as well. the s&p at the top 2000 yesterday for a brief moment. could this momentum continue? an investor is not so sure, marc faber. and jay-z is teaming up with kevin durant to outbid out against nike. the sponsorship war is heating up. here is a look at our top headlines. a done deal. burger king you read to by tim horton's for $35 million. it will move to canada and take advantage of lower canadian tax rates. the u.s. has begun surveillance flights over syria. that can lead to airstrikes over islamic state militants.

matt miller has been looking at the demand in china for electric vehicles. >> i thought it was a fairly interesting story. it makes me think that china is putting the cart before the horse. to 2007les going back when the company was started all the way through the end of this year him if you take the most optimistic forecast for gospel will total less than half of what china is going to invest in infrastructure. it is a heck of a lot of money. tesla is not even the biggest electric carmaker in china. their shares were down yesterday. these are the big chinese electric carmakers and they own the market. >> china will be important to tesla's future. >> he has said that it will be important to the future. china sold about 20,000 green cards in the first half this year. that is not even all electric cars. that includes plug-in hybrids. we had 66,000 plug in electric vehicles through july and obviously tesla is a huge part of that. tesla doesn't nominate the market here. if you look at the amount of plug-in vehicles as they have been invested, they have sold only 28,000 through july and the

matt miller joins us now. are you our car reporter?lways talking about aston martins or rolls-royce, not hyundai. >> i cover hyundai. but i have had the pleasure of driving in a couple of rolls-royce is. one of them with the ceo of the company. he joins us now to discuss the predecessor to that car. i drove the ghost with you in new york city. now we releasing the series two. what is it about this car that needed to be improved? i thought it was, honestly, the most amazing driving experience in my life at the time. i don't see a you could improve on it. what did you do? >> rolls-royce is all about striving for perfection. we are always searching for the latest technology and to make sure our cars are living up to the unbelievably high expectations of our customers. for that reason, we made it a series two with led headlights, and related transmission, and many other features to really ensure customers are getting the best car on the road. >> a lot of people watching will wonder what the satellite aided transmissions do. could you expla

i am matt miller.aught up on where stocks are trading. -- gains forgains a small part of the trading day early this morning, we have turned it down with european stocks. up half a percent on the s&p 500 index. a yieldes, we saw diversity in the two year and 10 year. they are all going down. people are rushing in to buy bonds. i am joined by steve wood. thank you for joining us. let's talk about europe. that is the driving force behind what we are seeing. ecb spook the markets today? >> they are confirming the weakness we are seeing in europe. we do not think the recession is going to revisit much of the eurozone, but the economies are fragile. we saw fragility and germany as well. the european central bank is preparing the groundwork for a liquidity process. they are doing this because they see inflation is too low. taken one interest rate negative and lowered the other benchmark rates. the is a confirmation of weakness. >> investors are paying germany to lend money. confirming europe is sick because t

. >>> i want to bring in matt miller. matt miller is a former spokesman for attorney general eric holder. matt, thank you so much for being with me again. we are awaiting the attorney general as well if he talks about the ongoing investigation in ferguson, we'll have to cut you off for your former boss. >> i'm used to it. >> the attorney general spoke yesterday very personally, matt, about this case. he talked very personally about his own experiences as a black man in america with police. what importance do you think this case has for him personally and for his legacy as well? >> you know, it has tremendous importance for him personally. i think you take everything in his life leading up to now, the experience he talked about yesterday as a young black man both as a teenager and then being profiled even when he was a prosecutor in washington, you take his work as a judge, as a local prosecutor here in d.c. when the crack was ravaging the streets and it was the murder capital of the world, and his work as attorney general

of rolls royce motor cars speaking to matt miller earlier.- it's lights out for r.w.e.'s profits. the german utility giants swings to a loss. we'll talk to the c.f.o. ♪ >> welcome back to "the pulse" live from bloomberg european headquarters in london. i'm anna edwards. here are the top headlines this hour. iraq's caretaker prime minister has lost the support of his own party. the group is undering its members to abandon the current prime minister and back the nominee. however, nouri al-maliki insists the attempts to replace him are illegal. r.w.e. has turned to a loss in the second quarter. a surge in clean energy power generation hit prices. they're cutting capital spending and selling ago sets to reduce costs. it's their biggest producer of electricity. we're live with the company's c.f.o. later in "the pulse." and the eurozone recovery unexpectedly stalled in the second quarter and its biggest economy failed to grow. germany shrank more than expected, while france flatlined. that underlines the vulnerability of the country and the deepeni

matt miller and scarlet fu joining me for the opening. od is hot for you to and bringing some of the biggest stars from online to the big screen. matt, i think he would make a great youtube star. [laughter] >> are you trying to get me fired? >> you would do really well. you have done well on youtube. digital fame turning into fortune. that is next. ♪ >> here is a look at the top tech stories on the bloomberg west radar. ordering five new pilots. three new dramas and two new comedies. apple and samsung could have a $4 billion profit on their hands -- problem on their hands. china is cutting $2 billion worth of subsidies as apple and samsung prepare to release new products. -- advisers to google will discuss privacy rights with experts and members of the public. the right to be forgotten. very controversial. tech all the latest in tech and media on "bloomberg west." technology, have you heard of this? moreoutube show that has than 700 million views. collective visual studios stepped them up and now they have big name sponsorship deals and th

matt miller was behind the scenes for how the game together for madden.king to the guy that decides how good players in the nfl should be in the premium videogame. see what he had to say. >> for the last two decades, madden nfl has consistently ranked among the top videogames in america ringing in $4 billion for electronic arts. one man is helped fuel that success and it is not john madden. >> this is where i literally have data. every player has ever rating. czar.t the rankings 74h the 32 nfl teams, players per team, plus 253 is 2688 players which he designs a rating for up to 100 and 64 different categories. scores he creates using data from the game performance, team stats, and his own notes. >> of what the game to look like an nfl game. i do want to put something in where you give a guy once bead, he is out there inching along. on his oldatings videogame is how we got his job at madden. >> you can spam this one button. can probably find to the process so there is more gameplay. today, his ratings have helped ea make madden look so good, the franchise

yellen.althy dose of i am matt miller in for trish regan. "street smart" starts now.at is truly the most important hour of the session, 60 minutes left until the closing bell, and missouri is deploying its national guard in ferguson as violence over ineal

matt miller examines general motors latest troubles.helby holliday looks at workplace diversity in silicon valley. let's begin in washington, where megan hughes has the latest on the ebola outbreak in west africa. that afternoon. >> good afternoon. we have got updates on the two aid workers infected with ebola now being treated in the united states. the first ever treated on united states soil. one of the patients was well enough to walk into the hospital over the weekend. goodamily reports he is in spirits. writebol will be joining him tomorrow. her condition is reportedly improving as well. the organization they work for a stout of north carolina, they are the ones that made the call to have them transferred back home to the united states. emoryay the reason is university will be able to provide better care than the liberian hospital they were being treated at. it will be up to the department of defense and the cdc to handle the logistics and make sure the virus does not spread in the united states and that those transfers are done sa

when matt miller and i are playing each other on our xbox, we can broadcast the game on twitch and people can watch us play to see matt's fantastic prowess. there are 2 anecdotes about twitch. i was at the e3 conference when they were announcing the new xbox and it was literally thousands of people in the u.s. auditorium come the same place where a basketball team will sell out, we saw the announcement of the xbox and the guy running the business for microsoft announced there would up to thetwitch hook xbox and the whole place went up in cheers. there is a whole new media platform i was unaware of, a dramatically growing business. the other thing about twitch users as they watch a lot of hours of broadcasts, they watch these games as phonetically as they played these games. it is something that amazon will pay over $1 billion for. videoin, amazon buying service twitch interactive for more than $1 billion, according to people with knowledge of the plans. we will bring you more details as soon as we get them. it is 26 minutes past the hour and a bloomberg television is "on the markets." jul

i am matt miller. of largest ever acquisition a restaurant chain. warren buffett is jumping in as well. the s&p at the top 2000 yesterday for a brief moment. could this momentum continue? an investor is not so sure, marc faber. and jay-z is teaming up with kevin durant to outbid out against nike. the sponsorship war is heating up. here is a look at our top headlines. a done deal. burger king you read to by tim horton's for $35 million. it will move to canada and take advantage of lower canadian tax rates. the u.s. has begun surveillance flights over syria. that can lead to airstrikes over islamic state militants. plus telefonica should -- could raise funds for its rod ban unit , more than $10 billion. it has said to be coming up with its own offer. we will bring you all the details. i want to get back 12 main story, burger king's acquisition of tim hortons. buffett will get a preferred stake in the roughly $10 billion company. it appears to be a good move for buffet and burger king but what about for shareholders? erik schatzker joins me now. you co

i'm matt miller. looking at a gain of about .3 o zero percent -- .3%.d lower expenses helped make up for decline in sales. and walmart, the world's largest retailer cut its full-year forecast. walmart has not seen a same-store sales gain in six quarters. that cannot be right. that cannot be right. that must be a typo. for more on the retail sector, i'm joined by the managing director of the resource group. is that right, six quarters in a row? >> that is right, five negative, one flat. >> what is the problem there at walmart? i thought that was the place. i thought walmart and low-cost discount stores were where everyone is going. but walmart lost low-price leadership. the shelves are not stocked. they have one page in their playbook, cutting costs, cutting labor. if shoppers cannot find what is on his or her list, they go to dollar stores, go online. worst enemy.s own >> i went to sears last night because i thought i should frequently's brick and mortar stores, or they will disappear. i was looking for a set of torque wrenches. the shelf was empty and

matt miller, thank you so much. it was pretty good.et all the latest headlines at the top of the hour on bloomberg radio and all the time at bloomberm. thank you so much for watching this edition of bloomberg west. see you later. ♪ the nation bridging the income gap. india's world bankers. securitydo, it needs too. and this woman does more than satisfy the munchies. that is in

matt miller was behind the scenes for how the game together for madden 15.king to the guy that decides just how good players in the nfl should be in the nfl's premium videogame. see what he had to say. >> for the last two decades, madden nfl has consistently ranked among the top videogames in america bringing in $4 billion for electronic arts. one man has helped fuel that success and it is not john madden. >> this is where i literally will make a change. every player has every rating. >> meet donnie moore, the ratings czar. his rankings take nfl players from the field to the game. with the 32 nfl teams, 74 players per team, plus 250 free agents and 50 legends -- that is 2668 players which he designs a rating of up to 100 in 64 different categories. scores he creates using data from game performance, team stats, and his own notes. >> i want the game to look like an nfl game. i don't want to put something in which you give a guy a one speed, he is out there inching along. >> exploiting bad player ratings on ea's old ncaa football games is how donnie got his jo

matt miller, thank you so much. it was a pretty good byte.et all the latest headlines at the top of the hour on bloomberg radio and all the time at bloomberg.com. thank you so much for watching this edition of "bloomberg west." see you later. ♪ >> don't miss these inspirational stories of cancer survival in the following program, brought to you by cancer treatment centers of america. this is a story about fighting cancer, a story about fighting complex and advanced stage cancers. heartbreaking cancers, but it's not a tragedy, as you might expect. it's a comeback story, because these people, rod, melanie and te

i'm matt miller, on the markets every: 26 and: 56 on the hour. stay with us on bloomberg television. . . . "bloomberg west >> you are watching -- >> you are watching "bloomberg west." i'm emily chang. russell simmons helped hip-hop artist break into the mainstream and he has since founded a business empire with everything from movies to music to clothing. his newest venture is helping new artists achieve success in the digital world and beyond. more -- four more from l.a. by russell simmons and a partner at great cost hundreds -- great cost -- great cross partners. russell, what are you going to do with the money? >> we want to find important content. we have a lot of young directors, writers, comedians, poet, and people that need exposure, and with the partnership with the music company we are putting out one record week with samsung. so, the money -- we do not need the money. the brilliance we need. we do not need the $5 million. we need the brilliance. looking at the executive pool, these guys know it. the partners they need, they know the ans

wide receivers, he only cares about making madden 15 a great videogame. >> bloomberg's very own matt miller. and that does it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. we'll see you next weekend. ♪ >> coming up, possibly the most amazing medical discovery this century. a miracle ingredient known to be critical to every aspect of

i am matt miller, in for betty liu. board, and the nasdaq composite index is up 14-year high. bursting of the -- highest since march of 2000, the bursting of the tech bubble. maxx's earnings beat estimates as well and it is raising the forecast for the entire year. is that a good or bad sign for the economy? thebilliton is planning biggest spin in mining history, spinning off its silver, cole, and aluminum assets. from cupcakes back to clothing racks, julian geiger is returning to the company that helped -- returning to a clothing company that helps struggling teen retailer. he was the top exec at a company that shut its doors last month and is back at the helm of his previous employer. sterns joins us on the management changes and whether it could lead to a pickup in sales. crumbs was the cockpit ac -- was the cupcake maker. resigned but previously he ran area postell for more than a decade. through the period when you and your brothers were actually shopping there and it was doing well. when he left in 2010 that is wh

[laughter] you, matt miller. we are a few minutes away from the opening out.0 trades you do not want to miss right after this break. keep it here on "in the loop." ♪ >> first. bloomberg. maxwell comeback. if you are "in the loop -- >> welcome back. you are "in the loop." i am betty liu. it is 26 minutes past the hour. bloomberg tv is on the markets. are looking to open slightly higher. we have been flatlining after we reached s&p 2000. the big question is can we continue on to s&p 3000 -- we will debate that in a moment. we are on the markets again in 30 minutes. .et's count down to the open julie hyman and alix steel join me this morning. let's start with number 10 -- facebook. the social media giant downgraded from neutral to buy at jana montgomery scott. facebook shares are all in the premarket but are up more than 90% over the last year. >> number nine, mankind -- the biopharmaceutical companies was rated a new buy at jefferies. mankind shares are up more than 3.5% in the premarket and have surged more than 35% so far this year. kind of a cool name. i woul

i am matt miller in for betty liu. reverting is becoming the latest company looking to shift its headquarters overseas for a lower tax deal. the u.s. open kicks off today. u.s. fansers can rally around? the ceo of women's tennis association is joining me straight ahead. do not miss that. here is a look at our top headlines this morning. a job maker is doing its biggest deal in five years. it is paying more than $8 billion for a treatment for a lung disease that is waiting approval. and, cleaning up after the strongest earthquake in 25 years. it damaged buildings. of people were injured, thousands of bottles of wine were broken. insurers aill cost quarter billion dollars. the latest company shopping for a better place to run its business than the united states of america is burger king. the company is in talks to buy canada's donut chain, tim hortons. back to our top stories, roche has agreed to buy a u.s. biotech firm and wit will get $8 billion itcash -- it will get billion dollars in cash. a record year for m&a. -- o

i am matt miller.omberg top headlines this hour, china says there's evidence mercedes-benz has manipulative prices for auto parts and maintenance. a number of foreign auto companies are being investigated in an anti-monopoly probe. among them, microsoft and qualcomm. credit suisse has been caught up in the controversy over the collapse of portugal's bingo. according to the wall street journal, credit suisse helped sell billions of dollars of securities that played a role in the bangs crippling losses. the journal is also reporting sprint pots new ceo is preparing to roll out new price plans for mobile customers. he took over last week. no word on what his place prince will look like, but sprint has talk, text,limited and data plane for $50 a month. we are on the markets. scarlet fu has more. >> our focus is copper. the directionast of the global economy. so far in 2014, copper is the worst performing base metal. for more, ken hoffman who covers metals and mining for bloomberg intelligence and joins us

matt miller is joining me right now to discuss. this is interesting.re he would sit and he said, courtside. i think we can anticipate seeing a lot of cheering from steve ballmer. he will probably rival mark on that front. he is sweating hard. >> he will be going crazy. a lot of billionaires like to do that. one of the interesting things about steve ballmer and the way he is financing the deal, he is probably borrowing against microsoft shares or using microsoft dividends to pay for the clippers. it is a huge premium and a lot of billionaires are able to do that, leverage their big stake in huge assets in order to have a lot of fun. >> he talked about the importance of civic duty. his life is very involved in children's programs in washington. he is also very outspoken about the need for gun control. that is a passion of his. basketball will be a big part of his daily life. billionairesother devote themselves to causes and hobbies. think about larry ellison. >> hundreds of millions of dollars. he has got oracle shares and stocks and loans against his or

i am matt miller.d show, with the world's most exotic and expensive automobiles all gathered in pebble beach over the weekend with sales this year coming to a record 350 million dollars in just six days. i will bring you the highlights. house that auction for the for ari -- ferrari a record $38 million. we will hear what they did yesterday and last night's option. first, look at the top headlines. another shot has been fired in the takeover for family dollar. dollar general is made an offer higher than the one made by dollar tree last month, about $9.7 billion in total. kurdish forces have finally recaptured iraq's largest dam from islamic state militants, better known as isis. president obama has widened the scope of airstrikes against those rubbles.

no truth to the rumor that my colleague matt miller is a stunt double.tinue in a moment. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and bloomberg.com. that doesn't for this edition of bottom line on bloomberg television. thank you for joining us. on the markets is next. i will see you tomorrow. >> it is 56 past the hour, that means bloomberg television is on the markets. let's take a look at where stocks stand until an hour after the closing bell. still hanging onto gains. for the s&p 500. double that for the nasdaq. we look at the interplay between stocks and bonds. a very little movement in the treasury market. the yield was unchanged at 2.41%. by portfolio manager at western management, one of the largest bond fund managers in the nation. let's talk about what is happening in the bond market recently. one of the things i talk about frequently is how the bond market defied expectations this year. rates remain stubbornly lower. to me about the action. >> an explanation is the three f's. .he fed i

i am matt miller in for adam johnson.he rundown in nation, an exclusive interview with chicago's mayor. what he is trying to do to attract and boost employment in the u.s. impacting the u.s. housing market, we will hear from zillow on the issue. another exclusive with a ceo on how he expects to find investors when the french government is doing the shuffle. has mcdonald's lost its mojo?

i'm matt miller. 30 minutes into the trading day where the indexes are trading. you see green across the board and the s&p and the dow, both .33 of 1%. somejobs numbers today and not discouraging news from the ecb. treasuries here -- the yield on the two-year moving up, and the yield on the 10 year and the 30 year -- and the 20 year not moving down. it is a story we will focus on longer-term. investors are so sure that treasury yields will rise this year, they are boasting bets against the note, even though though wagers have been big losers so far. remember, if the price goes down, the yield goes up. it keeps getting inflows. joining me to try to figure out why buyers still try this test -- still find this trade appealing -- thanks for joining us. why is this that such a big loser? it did not seem there was anywhere to go but up for yields. >> so far this year, treasury bonds mature in 15 or more years have gained 14%. everybody going at the end of last year was convinced they would lose a lot of mon

i am matt miller in for adam johnson.tion, an exclusive interview with chicago's mayor. what he is trying to do to employment inost the u.s. housingg the u.s. market, we will hear from zillow on the issue. with a ceo onive how he expects to find

matt miller, covering gm. -- thank you so much. matt miller, covering gm. report results today. they have already done a bunch of deals that have transformed entertainment. jon erlichman is in l.a. with that story. disney's success in films has been getting a lot of attention, but the theme parks have actually gotten much bigger for disney. >> i think you could look at somebody different parts of the disney empire, betty. there will be a lot of focus on the parks business with a lot of buzz that there has been more spending over the last year at their various parks. they are definitely culturally important to the company, and financially they are tremendously important. this is a business that might generate between $3.5 billion and $4 billion in revenue and this year alone profitability of at least $1 billion. they have spent a lot of money renovating parks like walt disney world, and the focus is now shifting to shanghai. when that park opens it will be a huge moment in the history of the company. >> we are alluding to how 21st century foxx murdoch is goi

i am matt miller in for stephanie ruhle. alix steel is in for.always been company policy never to sell user data. fitbit will be venture data unless a user says or what ever share data unless these are says it is ok. this all has to do with health care costs. companies urge employees to become more fit and some give so theyices make fitbit can track their fitness. companies are required to basically pay for your health care. it is cheaper for them if you're not eating a ton of food, sitting around smoking cigarettes and not exercising. with this is the cofounder. james, i'm sure you don't want to get into the middle of this debate -- or do you? it seems to business is focused on something else than whether or not a company is taking data from an employee. , we take our users privacy very seriously. we do collect health data from our users, and that is all for the purpose of improving people's health. we are absolutely committed to your privacy and to keeping your data secure. a key part of our privacy pledge is that we will never sell your data a

matt miller is standing by. >> a down day on wall street, but it comes after two days of gains.he two biggest gains back to we have seen since april for the s&p 500. ae dow has been in the green couple of times today, and it is currently down about 31 points. onwant to get you caught up the stocks, individual movers we are watching. twitter, the microblogging site is introducing video ads after finding that embedded clips are effective engaging users. this will allow marketers to pay every time someone clicks on their ad. also watching shares of intercept, the pharmaceutical company released data that shows it's drug-free liver disease was able to reverse damage done to the liver. this may provide a new option for patients. more "bottom line" next. ♪ >> welcome back to the second half-hour of online on bloomberg television. thank you for staying with us. steve ballmer is now officially the owner of the l.a. clippers. this is after a california judge ruled that shelley sterling had the authority to sell the clippers on behalf of the family trust. take us back through the last wee

matt miller is standing by with the details. of movement as far as the intraday trade. s&p hovering around the 2000 level. we're looking at the best month this year since february, up three .6% compared to more than four percent in february. highlighting a couple of individual stocks. astrazeneca just advance to phase two trials, boosting hopes for success with speculation that talks have resumed after a failed takeover attempt by the u.s. drugmaker back in may. big lots. the discount retailer second-quarter profit came in just shy of estimates. same-store sales falling short as well. big lots raise the lower end of the forecast for the year and announced a $125 million buyback plan. on the markets. we're back in two minutes time. ♪ >> welcome back to the second line.'ur of '"bottom i am mark crumpton. california is now three years into a drought. over 90% of the foreign yet is said to be in the mid-studs severe, extreme or exceptional drought. teamster is with no west -- -- national oceanic and atmospheric association. he joins us from washington. thank you for joining

i'm matt miller. let's get you caught up on where stocks closed for the day.eck of a lot moving on the dow. the s&p 500 up a third of a percent. s&p closing out its best month since february. for august.% in february we were up 4.1%. ♪ what that will really disrupt the banks, similar to the lending club model. banks are not providing the capital both to businesses or consumers. most banks cannot make money providing a business on 410, $20,000. they look at them as consumers, really. they are requiring them to give a personal guarantee. at the end of the day. the way that businesses and consumers for hundreds of years. >> it seems like the innovation isn't just on the side of the person of the money. the ability of investors who want to get a rate of return in an arena where it wasn't available to them. >> banks are taking in deposits. granny is putting in her lifetime savings and banks have to be careful where they are making their loans. a lot of individuals and institutions looking at this last form. >> this is a $3.8 billion tire, 90% of the banks listed on

matt miller is in and he joins me now with a preview leading off about the islamic state.k thinks the u.s. should be doing as far as surveillance of isis in syria, as far as our communication or lack thereof, with opponents to isis, which also happen to be opponents to the u.s.. we are in a sticky situation. discussione a heavy and we will move on and talk about motorcycles. is a brand aycles lot of companies tried and failed to revive in the last 50 years, 100 years. polaris seems to be doing it now with a lot of success. motorcycles magazine, i was in a presentation and they elected this the best two motorcycles. >> all right. breaking news, we're hearing word that apple suppliers are prepared to make the largest ever ipad. people are saying apple is said to prepare a new 12.9 inch ipad for early 2015 release. we will have more on this story and matt will have more coming up. street smart at the top of the hour. another check of the markets after the break. ♪ >> that does it for this edition on bloomberg television. i am mark crumpton reporting from new york. thank you f

. >> i promised i would not say this but please forgive matt miller.se change, after a man's leg became trapped, a transportation worker and fellow riders worker and fellow writers joins together to help them out. ♪ >> time now for bloomberg television on the markets. in julie hyman. let's look at where the markets close. little changed today. somee downside, we had canceled deals or closed outright deals. time warner sharply lower during the session. and energy stocks have been some of the best performers today. they did give up some gains during the day. the o energy rose 3%. of $1.69 a low barrel. joining me, our senior oil and gas analyst. interesting day in the oil markets here. and again, you have that disconnect where originally, earlier in the session, oil was higher, energy stocks were higher, and then we had a little bit of a reversal. what is going on here? is a type of refrain. within the energy complex , there are levered equities. what you have here are demand, supply, and balance. on the demand side, we had a relatively cool summer. cool

. >> i love the football of session that is bloomberg news's matt miller.will be back to talk more about hp and autonomy and a whole lot more when "bloomberg west" continues. ♪ >> you are watching "bloomberg west." ovation,on an technology, and the future of business. i'm cory johnson. back to you -- back to hewlett-packard. the hp and autonomy case. it will have an important moment in the courts. i want to turn now to venture capital investing in europe. interesting things going on and a different approach about things being taken on. a lot has been involved in the adls -- big deals. right now. joins me good to see you. i have not seen you in quite a while. let's talk about what is going on with earlybird venture capital, what you guys are doing, and where your focus is in europe. investments are available to you in europe? in continentaled europe. there are a number of vc's -- there is a very healthy that have received funding. it is a good spot to be in. >> this is what people say about silicon valley -- there might be silicon valley-- of phoenix or detr

i matt miller. get you caught up on stocks right now, you have the dow shifting down to the red, little change. 500 coming in under the 2000 level. it didn't have you bounced back under. still in the green. regardless of the movements we are seeing the last few days, this is going to turn out to be the best month since february. august has not been bad at all for stocks. stay with us for more bloomberg television, "bloomberg west," more on the markets in 30 minutes. ♪ >> you are watching "bloomberg west," where we focus on the future of business. i am emily chang. has filed for an ipo with initial registration of $500 million. it has facilitated over one billion dollars in loans in the second quarter alone. what could lending club's ipo mean for the future of banking? cory johnson is with me and david golden from new york. company does something similar to what lending club does. what do you see as the potential for peer to peer lending in the united states? like many industries, you're going to see

matt miller, i know it is 12 days, and i said 12 hours by mistake.erns looks into the numbers around the series and what the payoff is for investing in syndication. one word -- huge. >> 12 days, not 12 hours. it has been going for 25 years. that is three years more than you have been with bloomberg news. that is pretty incredible. >> when you put it like that. >> 552 episodes in total. i do not know how many episodes you have got for "bottom line." "bottomhave to say line" is probably not worth 12 go in dollars. most of the revenue for the simpsons franchise comes from ads. it also comes from a ton of lsney in merchandise, bart dol and sweatshirts. dvd sales also lucrative. this is a great deal for the channel, fxx. it is a comedy network. this will be the anchor for the syndication. hit ofto nail the new the season and have a fresh new program. but really, you need to have syndication as an anchor to bring in the new vic -- a new viewers who want to have a mix. >> how much is fxx paying for this? >> rumored to be $750 million. --the simpson keeps on

i am matt miller in for adam johnson. is content really king or is amazon?attling against authors. head of the world bank tells us his plans to kill one of the world's deadliest diseases. and in politics, turkey's prime minister becomes president even after mass protest and evidence of corruption. forms challenging the ncaa. the governing body of college athletics meets its

i'm matt miller. let's get you caught up on where stocks closed for the day. a heck of a lot moving on the dow. the s&p 500 up a third of a percent. nasdaq up 0.5%. s&p closing out its best month since february. up about 3.7% for august. in february we were up 4.1%. ♪ >> you are watching "bloomberg west," where we focus on innovation, technology, and the future of business. lending club, one of the largest online loan services, has filed -- an ipo. an online the peer lending site has facilitated over one billion dollars in loans in the second quarter alone. what could be ipo mean for the future of banking? ,ory johnson is still with me with david golden from new york. david, your company does something similar to what lending club does, on a smaller scale. what do you see as the potential for peer-to-peer lending in the united states? >> what you will see, like many industries, how huber is disrupting-- uber is logistics, alternative financing will disrupt banks. similar to the lending club model. banks are not providing the appropriate working capital both to

matt miller joins us from new york. and it better be good. >> i don't know. that is really tough.ing me feel a little bit pressured and uncertain. 5000 is the bite. not only is that the number that uber guarantees you will make if you are a driver in new york, but they apparently made at least 5000 reservations at their arrival, lyft, and canceled them. uber employeesg have been doing this. it is a bummer for their business and for the drivers, and obviously passengers as well. i am not sure if it can be proven. there is a strong crosstown rivalry. to each otherxt in san francisco. they wear company t-shirts to work and do not hang out at the bar afterward. lyft is offering a guarantee of $10,000 in their first month now. you are all trying to attract drivers as quickly as they can. >> those brutal car sharing turf wars. it was a pretty good bike -- byte. you can get all the latest headlines at the top of the hour on bloomberg radio, all the time at bloomberg.com. things for watching. -- thanks for watching. ♪ >> from bloomberg world headquarters in new york this is "bottom line."

. >> matt miller, the attorney general comes here.l >> is there a false expectation? >> it depends what you think an investigation is? >> you never promise outcomes. you promise a full, fair independent review of the facts and that's something clearly people in the community in ferguson didn't think they were going to get from the local police, from local prosecutors. there's a long history of dpreechbss there, and so what eric holder can do is promise no matter what you think of the local authorities, we are going to fairly and independently review what happened here and if there's a basis for charges to be brought, and that is a high bar, it's a very high bar to bring federal charges but he'll say if there's a basis to bring charges we won't hesitate to do so. we'll do it aggressively. >> isn't the truth that the prosecutors hear that the people supposedly don't have faith or trust in, have a much more likely chance of bringing charges against this officer than the attorney general of the united states? >> yes, absolutely and that's