mckee. >> they call him the designated brain chaser, like that's his job, to go out and get the brains. >> narrator: almost right away, nowinski secured a portion of the brain of a 45-year-old former tampa bay buccaneer, tom mchale. >> tom mchale was a brilliant guy, went to cornell, had been playing football since a kid. his brilliance intellectually was matched by being an incredible athlete. >> narrator: tom and lisa mchale had three sons. once his career was over, mchale ran a successful chain of restaurants. but then, uncharacteristically, trouble. >> restlessness, irritability, and discontent describe tom to a t today, but no way is it anywhere near the man i had known and the man i had been married to for years. >> the change was so diabolical. he became a drug addict, he became depressed, he became... had irate moments of violent temper. >> narrator: mchale's addictions spiraled out of control: painkillers, cocaine. >> i remember so clearly him looking at me-- and this is going back,

mckee decided he was going to move houses and we think that lydia, robert's mother, encouraged mckeeo allow robert to go to charleston with the hopes of having more options. of course, he was hired out as a slave, which was a common practice at the time. so he was on his own to find work, but everything he earned went back to mckee. brian: what was a slave's worst then? cate: it depended on several factors. one was your age, how muscular you were, lots of factors went into this. i know that when robert eventually married a woman named hannah, and when hannah was sold to her owner, kingman, in 1847, she and her three children were worth about $2000. brian: hannah was how much older than robert? cate: she was about 13 years older, considerably older. brian: you say you legally could not marry if you were a slave. cate: that is right. it was a law in south carolina, but they were able to get the permission of their owners. robert smalls had to get the permission of henry mckee, and he also had to go to hannah's owner and ask permission for her. it was only something that was allowed for

what is go to michael mckee. he is standing by with the top experts on global economies.uld getght away with no policy comments from any of those three, but it turns out draghi had a few things to say about quantitative easing in europe. he talked about trade and protectionism. ,oining us this catherine mann a chief economist based in paris. tough life. from paris to jackson hole. they talked about how they did not hit the 2% target yet. do you read that as any chan ge in ecb policy? >> i think what he said right before was the role of the exchange rate appreciation in the 2013 recession. one of the things they have on their radar is the relationship between the quantitative easing rate between the u.s. and europe and the potential exchange rates. is appreciation of the euro causing a bit of concern for them. mike: yellen came about and basically said nothing about policy. mario draghi did nothing until the ends. . catherine: he was the last lasso that is what the traders acted on. spend time talking about free trade. and how openness helps not just developed economies th

in san jose. 101 and mckee in san jose.ot of the san bridge where traffic is slow and go across the span. no accidents or stalls here just a lot of folks trying to get from hayward over toward the foster city side of things. meeting lights were on this morning at 5:25. it's all sold out here backed up into the mcarthur maze. they were filming a television commercial overnight on the bay bridge. they had waves of closure about every ten minutes or so, that's kind of exciting we'll wait to see what the commercial is, no word yet. and look at the solid stream of traffic coming down the east shore freeway as you head into the mcarthur maeds maze. and the walnut creek is looking good moving at the limit way little bit of slowing towards the 24 junction and about another 20 minutes to get through the cull de cut tunnel. reggie. >> all right. thanks. the contra costa board of education is going to hold a final public hearing to discuss create a separate school district. this is controversial stuff. the meeting starts alt 4:00 this

paulsen ands jim with us is michael mckee. view?tainly can have a modest pullback here. i think the risk is getting too infatuated with that. i think we're going to go on to new highs. there could be a couple of months. i think we might end the year higher. that's more important to keep focused on. i think rather than try to time that perfectly, i would just take advantage of it. you want to get your portfolio where you wanted to be. that would take advantage of the defensive stocks. i would be looking in materials and energy and industrials in tech knowledge he. take it from stable utilities and telecom. this has been an intense steepening of the curve. walk us through the weaknesses and why the reaction to the bond market. michael: a lot of people are pointing to that as an excuse the red will be looking at those. i brought along two of them. everybody's going on big asian this time of year and cars and trucks were down. prices are going down on a really basis. you can see how the impact was dramatic. are those transitory factors?

he was very fortunate that henry mckee was a kind owner. he was still enslaved which made it a difficult life. but he was fortunate in that he is raised as a house slaved a mother. compared to the life he could have had it was much more. they had access to information and they had regular food and hand me down clothes. it was not ideal but it was better than the life of a plantation slave. we know his mother had one son by the time she had robert. he grew up as an only child living in the slave house behind the mckee house which till exists today. >> it's a beautiful town. they did have a lot of slaves living in town and then robert would have gone out so he was seeing a lot of different ways of life. >> let me interrupt because if people are straining to find out where buford is and also charleston it's right there on the southern southeastern point there. >> it was a very strategic place for the union army in november 1861. they actually decided they were going to have a port. port royal is just south of buford. it's the first victory. by

michael mckee and michael sneed are both with us. michael mckee, let's get the set up for friday.vestors will be looking past this because we have this huge month coming up in washington with the debt ceiling and continuing resolutions and not your have harvey aid on top of that. i would say is that historically over the last 10 the 20 years, the august report has tend to -- tended to come in under analyst expectations. maybe a little bit of an impact in the bond market, but in general, we have seen investors sort of ignore the job market, a little bit of a reaction but at the end of it, we always finish higher. the jobs and payroll diminished somewhat, it feels like a bit of a snooze and i just wonder if that is the correct way to approach it. michael: i agree that the emphasis on the payrolls has declined. beenis because they have fairly consistent and there have not been any big surprises that have come out of the data. as michael mckee mentioned, there are a lot of other things that investors have their focus on, at the moment. the ecb meeting next week, the debt ceiling. jona

it's drained our savings account. >> reporter: mckee says wells fargo called last night checking back on his claim promising an answer in ten days. >> you probably wouldn't have known if wells fargo opened an account without your permission in your name. you'll probably be informed by wells fargo that that happened and any fees that you incurred will be returned to you. >> reporter: legendary investor, warren buffett, ceo of berkshire hathaway, wells fargo's largest shar problems but wasn't surprised more fraud was found. >> what you find is there's never just one cockroach in the kitchen. >> reporter: today wells fargo ceo tim sloan apologized saying their first priority is to make things right for customers, a balance sheet that remains very much in the red. anne thompson, nbc news. >>> now to a big show of force as the u.s. and south korea respond to north korea's latest missile launch by issuing a clear message to kim jong-un about the firepower he could face. our chief foreign correspondent richard engel has details tonight from south korea. >> reporter: today was america's turn

let's get the details from michael mckee.ng button. you will not be trading or selling on this one. this is the boring janet yellen. her speech largely a recitation of the history of the financial crisis and regulatory failures and how things have improved since then. she praises the swift u.s. regulatory response to the great recession, particularly changes in liquidity and capital requirements that have made banks safer, she says. "the evidence shows that reforms since the crisis have made the financial system substantially safer." she says that is reflected in the credit default swap pricing. investors see the same sort of progress that he fancies. --

things like this walmart shopping cart filled with who knows what nats: ambiance on mckee road there different pile, a pile which basically covers most of the sidewalk there is also a man there who was wearing a walgreens smock but he didn't appear to work for walgreens nats: ambiance if you happen to exit interstate 680 at mckee you will see trash up and down the off ramp in fact is you look closely there is an encampment hidden in the bushes you will also find trash if you exit the berryessa off ramp and yes that is a toilet nats: ambiance on some neighborhood streets you might find a mattress here or there . but what i also noticed was this area has a fair amount of no dumping signs . nats: ambiance which brings me there this sign its reads warning restricted area but then there is a code to back it up except there doesn't appear to be such a code listed for san jose there are these yellow lines which show you where you can't cross . oh where am i im here at fallas discount school uniform store .and they don't sell mattressesi say that because their dumpster is full of mattresses

things like this walmart shopping cart filled with who knows what nats: ambiance on mckee road thereferent pile, a pile which basically covers most of the sidewalk there is also a man there who was wearing a walgreens smock but he didn't appear to work for walgreens nats: ambiance if you happen to exit interstate 680 at mckee you will see trash up and down the off ramp in fact is you look closely there is an encampment hidden in the bushes you will also find trash if you exit the berryessa off ramp and yes that is a toilet nats: ambiance on some neighborhood streets you might find a mattress here or there . but what i also noticed was this area has a fair amount of no dumping signs . nats: ambiance which brings me there this sign its reads warning restricted area but then there is a code to back it up except there doesn't appear to be such a code listed for san jose there are these yellow lines which show you where you can't cross . oh where am i im here at fallas discount school uniform store .and they don't sell mattressesi say that because their dumpster is full of mattresses . no

michael mckee: it has and it hasn't.ed if they had not done anything? you take a look at the chart i #btvht along which is 8707. the white line is s&p 500 since they began qe. the yellow line is personal income from assets, dividends, etc., up 86% started at a higher level. the blue line is household median income. the average person is not getting a lot out of this. maybe we would have had a zero growth but were not having any spectacular growth from the growth in assets price valuation. the rigid do not need to spend morning -- spend more money than they are now as opposed to those living paycheck to paycheck and their incomes are not going up. alix: financial conditions, looser in the u.s. and tighter in europe. what does it mean for equity prices? key wilson: the dollar is to global equity, the most important currency for global trade. one of the biggest stimulus this year has been a weaker u.s. dollar and that was a planned exercise, go back to the g20 meeting in march of 2016. there was implicit agreement. alix: th

things like this walmart shopping cart filled with who knows what nats: ambiance on mckee road there a different pile, a pile which basically covers most of the sidewalk there is also a man there who was wearing a walgreens smock but he didn't appear to work for walgreens nats: ambiance if you happen to exit interstate 680 at mckee you will see trash up and down the off ramp in fact is you look closely there is an encampment hidden in the bushes you will also find trash if you exit the berryessa off ramp and yes that is a toilet nats: ambiance on some neighborhood streets you might find a mattress here or there . but what i also noticed was this area has a fair amount of no dumping signs . nats: ambiance which brings me there this sign its reads warning restricted area but then there is a code to back it up except there doesn't appear to be such a code listed for san jose there are these yellow lines which show you where you can't cross . oh where am i im here at fallas discount school uniform store .and they don't sell mattressesi say that because their dumpster is full of mattresse

alix: michael mckee will be flying out to jackson hole.reat lineup of fed voices from jackson hole. you have to tune in for these interviews. kansas city fed president as well as president of the dallas federal reserve and the cleveland fed president will all be joining us. this is bloomberg. ♪ alix: the big questions for banks come with goldman sachs. apparently going to fix their fixed business? here's what he had to say. business commodities commodities have been in recession and very few of the other banks are in that business. if you look out and about and look at other firms that transact in commodities that's been in a bit of a recession. that's a cyclical matter. do i think that oil is always going to be this price within three dollars for a long time? i don't think so. you would have to scale it for the environment that we are in. alix: joining us now is michael moore. talk to me about this. many of the banks think it is a structural shift we are seeing in commodities. ofk me through the steps what they are going to do to help the

and the age of nine years old she was taken to to the house in town this, buford house to raise the mckee children. ripped from her mother and -- but she spoke gala, the language spoken by a lot of the west african slave weather had their own language that were push together on these plantations and had to come up with a way to communicate with each other. so he had the benefit of gulla and knowing the gulla do you recall and also operate neglect mcsuu kyi world and he was privy to information because he was house slave. didn't realize the extent of the difference between that. certainly no one would ever wish anyone to be an enslaved person working in a home, but compared to life on a plantation, it was a far better life. there was regular food, regular clothes and you were aware of a lot that was going on. so i think that is one of most shocking things. i was also really shocked to find out in the aftermath of the civil war the extent to which the south tried to reinstate slavery. i kind of knew it but didn't know to the extent. when black hosts were implement and it was quite shocking.

along 101 they have changed the direction of the crash. 101 at mckee. a three car crash. and that's adding to the delays with the normal slowdowns. traffic is backed up to capital expressway. and we have the accident to southbound 280. there's a look at 101 at north first street and traffic does pick up. we're tracking an accident at the dumbarton bridge. not impacting the ride as you make your way between 880 and 101. that's a check of the traffic. and on over to you, roberta. >>> taking a look outside. and we have the return of the low clouds and the fog into the bay. in fact, can't see the tiptop of the bay bridge which stands 525 feet off the water. and that gives you an indication of how low the ceiling is. take a look at the beautiful sunrise over the mount vaca area. temperatures are 5 degrees cooler than 24 hours ago. 55 in santa rosa. and winds have been up to 12 to 15 miles per hour in san francisco and 11 in antioch. and 22 in fairfield. and winds will be rotating around. ten to 20 miles per hour. we have the saturation of the low clouds and the fog. and we'll

mckee asked esther george if she was wrong. >> when i think about inflation, i think about our mandateis price stability. relative to the economy growing at 2% and is adding jobs, i think we're in a pretty good place. and we still have very accommodative monetary policy. that tells me we should begin to come as we have indicated, gradually removing that accommodation. as long as the outlook supports that we are moving in the right direction. and i think we are. michael: that's a just you are in favor of another rate move? >> that was my last forecast. use town we put those together is an opportunity to look at the data. -- each time we put those together is an opportunity to look at the data. we will see whether that makes sense based on what i've seen today, i think there's still opportunity to do that. michael: by the end of the year, not necessarily in september. meeting and ik a don't consider that rate pattern is projections committed the desk commitment. it is a general sense of where rate should go. michael: to which is it an indicator? in other words, is it the phillips curve b

julia: great to talk to you, mike mckee. i want to quickly bring you some breaking news.ys whole foods will cut some prices starting monday. this, in light of their decision to purchase whole foods. already the changes are being made. whole foods set to cut some prices. up, one collectible will have fans racing to the auction original daytona watch. we will speak to the watch director at phillips to see what kind of bidding frenzy we can expect. from new york, this is bloomberg. ♪ scarlet: it's 2:00 in new york, 7:00 in san francisco. >> welcome to bloomberg markets. ♪ we are life in bloomberg world headquarters in new york over the next hour. here is next stories we are covering. in debt ceiling blame game washington. president donald trump blamed majority mitch mcconnell and paul ryan for failing to avoid, what he calls, a miss. all street slang different hits on the federal debt. the ceos of big banks who want higher taxes to drive down debt texas arelds in bracing for landfall. some platforms in the gulf of have category three storm's, what winds of 125 miles per hour

let's get the details from michael mckee. michael: everybody, take your fingers off the trading button. you will not be trading or selling on this one. this is the boring janet yellen. her speech largely a recitation of the history of the financial crisis and regulatory failures and how things have improved since then. she praises the swift u.s. regulatory response to the great recession, particularly changes in liquidity and capital requirements that have made banks safer, she says. "the evidence shows that reforms since the crisis have made the financial system substantially safer." she says that is reflected in the credit default swap pricing. investors see the same sort of progress that he fancies. -- tha n the fed sees. there is a jamie dimon section because she pushes back on the idea that regulation has put a cap on lending in the u.s.. she she says there is a bit of an effect on less credit with the followers, but research confirms "sizable net benefits to economic growth from higher capital standards." he also pushes

joining us now from jackson hole is michael mckee.wk remains a what else does she have to say about the data? mike: the data at this point is telling a story that the economy is humming along as it has been. she's not particularly concerned that inflation hasn't been rising in recent months. she thinks it will get back to that. perhaps more slowly than she anticipated. at this point, she doesn't see any reason to change your forecast significantly at that september meeting. jon: the other thing that struck me was the complete absence of conviction that she has as to what's going to happen once they begin the process. how much does that complicate the monetary policy stance if they have no clue what the balance sheet unwind could mean ultimately for markets? mike: i think the broader fomc is less concerned. they feel they may get some affect out of it, but it has been telegraphed so widely, it shouldn't have a major impact. they can react on the other side of the policy lever by dialing back the number of rate increases they might do i

. -- michael mckee.hael: take your fingers off the trading button, you won't be trading or selling on this one. this is the boring janet yellen. her speech largely a recitation of the history of the financial crisis and regulatory failures and how things have improved since then. she admits there is room for improvement in the volcker rule and other tweaks could be made to dodd-frank regulation, but in general, this is a speech about federal reserve and success in regulating the financial system since the crisis and not at all about the economy. >> mario draghi took this occasion not to deliver a policy message, not to signal what the ecb does or does not do next or when, he took this more as an occasion to talk about what the big challenges are globally. he is especily concerned about openness, he is concerned about protectionism. he is concerned about how to make multilateral cooperation sustainable, fair, equitable. when it comes to the currency, what you can take away is that either mario draghi is n

mike mckee sat down with cleveland fed president.ave us her take on a path forward for the fed. >> monetary policy is still accommodative, so the gradual path of normalization is really gradual path and my argument of why we want to stay on that path is we are in a more normal economy. inflation is not yet at 2% but we have to move policy a little bit before we get to the goal or else we are going to be behind. there is some risk that if you wait too long, you could find yourself in a bad spot. i would not say i am an advocate of higher rates. keeping onocate of this path we are taking away from the accommodation that we needed to put in for the great recession. it is aftermath p >> you think the risk of higher inflation is greater than the risk of higher rates having an effect on the economy? >> there is a number of risks out there. we have very strong labor markets and we have seen that overtime. it is not just one suddenly improving labor markets and growth has been maintained at a little above 2%. that is very important because w

things like this walmart shopping cart filled with who knows what nats: ambiance on mckee road there a different pile, a pile which basically covers most of the sidewalk there is also a man there who was wearing a walgreens smock but he didn't appear to work for walgreens nats: ambiance if you happen to exit interstate 680 at mckee you will see trash up and down the off ramp in fact is you look closely there is an encampment hidden in the bushes you will also find trash if you exit the berryessa off ramp and yes that is a toilet nats: ambiance on some neighborhood streets you might find a mattress here or there . but what i also noticed was this area has a fair amount of no dumping signs . nats: ambiance which brings me there this sign its reads warning restricted area but then there is a code to back it up except there doesn't appear to be such a code listed for san jose there are these yellow lines which show you where you can't cross . oh where am i im here at fallas discount school uniform store .and they don't sell mattressesi say that because their dumpster is full of mattresse

joining us now is michael mckee from jackson hole.till with us alessio de longis of oppenheimerfunds. inflation must mean central banks should do more. japan has specific problems, and you wonder if this is going far enough. >> there was a discussion about japan during the sessions. on a per capita basis, japan's gdp is doing just fine. they have a shrinking labor force, so their potential growth rate will be lower, the same problem we have but on a much greater scale. immigration tow any great extent. their overall growth rate is not good. when you divide the per capita people to output, they're doing ok. people wonder how can they have survived all this time with inflation so low, that is why. jonathan: i wonder why we are having such a narrow conversation around monetary policy. we used to go to this was national bank and interview him and talk about inflation so low and currency so strong, and then he would come outside and look around zero, switzerland is doing ok. japan is doing ok. why are we still having the same conversations

michael mckee joining us from jackson hole.n brothers harriman. kos fromined by dino cls bank. how concerned is janet yellen at this point about dollar strength or weakness? >> i don't think it is a big issue. i don't see why it would be a big issue. the fed has taken historically a more laissez-faire attitude toward the currency. makerre less of a price when it comes to the currency. i don't think it is a big issue. that it is more talk of mind with mario draghi and the ecb. even there, not much. there are concerns about other issues, how is the economy performing and inflation. why is inflation so low? why are central banks struggling across the board to get inflation higher? that is such a turnaround from where we were not that long ago, for central banks getting inflation lower. it may not be on the panel at jackson hole, but it will be the subject of discussion. you can be sure of that. euro, on the issue of the from what you have observed of mario draghi, would he feel the pressure of the strong euro in jackson hole? >> h

julia: esther george speaking with michael mckee. from jacksonive hole.aiting for speeches tomorrow from janet yellen. when we heard there from mr. g s. george is -- m she expects rates to rise again. michael: levy notes for the -- let me note for the record, for me i will stick with you two. tomorrow, everyone will be listening and we can't televise the speeches of janet yellen and mario draghi to see if they give hints to what future policy would be. generally, that has not been the way the conference is structured. it changed in 2010. we expect janet yellen and probably draghi will stick the academic and theoretical side of this. they will be in favor of stability and withdrawing stimulus without saying how or when. i would be surprised if yellen gave hints to another rate increase. she could, especially if she suggested there was something wrong when she speaks about financial stability with a level isasset prices, even if it just an oblique reference. wall street might take that as an implicit suggestion that the fed is considering another move this

verde "nuen" de 34 aÑos quien es el dueÑo del centro "elightenment studio" ubicado cerca de las calles mckee en el vecindario alum rock segn autoridades el hombre enfrenta un delito menor por supuestamente instalar dicha cmara en el baÑo pero adems de esto la polica cree que el hombre estaba tratando de producir pornografa infantil con las imgenes que capturaba dicha cmara por lo que enfrenta tambin un delito grave. autoridades indicaron que podra haber ms vctimas quienes seran alumnos que tomaban clases de arte y msica en este centro para niÑos. take sot christian camarillo depto. polica de san jos estaba usando la cmara para grabar dentro del baÑo aparte de eso encontramos la imagen de un menor de 10 aÑos. con vo melissa dichas imgenes son consideradas pornografa infantil y autoridades indicaron que toman muy en serio este tipo de crmenes y la accin para arrestar a "nuen" fue inmediata por que el sospechoso estaba en contacto con mas menores de edad... por su parte la administracin del lugar public un comunicado por medio del cual indicaron estn cooperando con las autoridades y que las aut

receptitive to issue national -- to international criticism and not only is the compared to these mike mckees given the same sanctions. in the past few weeks we have seseen a more repressive govevement, we h have seen and bebecome moree repressive in the last few years. we expect more confrontation and persecution in the weeks to come. laila: oscar, thank you. reporting on the fast-moving events in caracas. and next to that mass trial in turkey were almost 500 suspected coup plotters, including generals and pilots have gotten underway. they are accused of leading the coup to topple the government oferdogan. most under arrest for some time, but some are being tried in their absence. correspondent: in what was clearly intended to be a public spectacle, the defendadas w whee paraded d before demononstrato babaying for blood. some tried to get through security to attack the accused as they were put into the courthouse. specially built for the event and with public gallery space for more than 1500 people. many outside where chanting that they wanted the death penalty. turkey repealed capital puni

"el verde nguyen", de 34 aÑos, dueÑo del centro "enlightenment studio" ubicado cerca de las calles mckeeoridades piensan que "nguyen" intentaba grabar a los niÑos en el baÑo producir pornografa infantil. take vo / lorena ---la policia de concord contina tras la pista de un sospechoso de atacar con una pistola de bengalas a un conductor el pasado mes de junio en "willow pass road" cerca de la interestatal 680 --- ---el sujeto es descrito como blanco o hispano de entre 27 a 30 aÑos de edad, 5 pies 9 pulgadas de estatura y unas 160 libras de peso... con bigote. ---el sospechoso huyo a pie y dejo abandonada una bicicleta. take vo / blanca --el vuelo de "air canada" que el mes pasado se acerc por error a la pista equivocada en el aeropuerto internacional de san francisco... vol ms bajo de lo que se pensaba. --segn un informe de la oficina nacional de seguridad en el transporte, la aeronave lleg a estar a 59 pies sobre el suelo frente a una pista ocupada por 4 aviones cargados con pasajeros. lorena --- muri como heroe, apagando un incendio forestal en tijuana, el pasado mes de junio, y su fami

l: i michael mckee. jonathan ferro is off today.et: for 30 minutes dedicated to fixed income, this is "bloomberg real yield." ♪ gundlach saying the time to reduce risk is now. and he u.s. inflation numbers for fed chair janet yellen to chew on. where does that leave the central bank now? we start with a big issue. nerves gripping the market. >> the reach for yield is apparent in every asset class. >> we know the insatiable chase for yield continues. >> we should be watching for excesses or buoyancy to get to a tipping point. >> it should not surprise that this thirst for yield has gotten into the high-yield market stree. am i being compensated for the risk i'm taking on? >> you have to be buying credit somewhere whether it's high-yield or high-quality corporate in an effort to get some spread over that which they can earn in treasuries. as a consequence, you have a sort of natural buyer for it even if they have to hold their nose for it while they're doing it. >> there comes a point in most investment cycles where you have to start

que tomaban clases de arte y msica en el centro "elightenment studio" ubicado cerca de las calles mckeeel vecindario alum rock take vo el sospechoso arrestado es el verde nguyen de 34 aÑos quien es el dueÑo del estudio, segn autoridades el hombre habra puesto cmaras escondidas en el baÑo del lugar, acciones por las cuales enfrenta un delito menor pero adems de esto la polica cree que el hombre estaba tratando de producir pornografa infantil con las imgenes que capturaba dicha cmara por lo que enfrenta tambin un delito grave. tras una llamada annima ayer telemundo 48 llego hasta este lugar en busca de respuestas y entramos al lugar donde logramos captar la supuesta cmara que el hombre habra puesto en el baÑo. take sot christian camarillo depto. polica de san jose el hombre haba puesto una polica de san jose el hombre haba puesto una cmara... con vo melissa dichas imgenes son consideradas pornografa infantil y autoridades indicaron que toman muy enserio este tipo de crmenes y la accin fue inmediata por que el sospechoso tena acceso a decenas de menores de edad. por su parte la administrac

michael mckee, thank you. paul hickey is sticking with us.wly appointed ceo has not even had his first day -- uber's newly appointed ceo has not even had his first day and is already talking about going public. in his opinion, the company should go public. or more on a potential ipo, we are joined by the bloomberg ipo reporter. still with us, paul hickey of the spoke. it is a pretty large spread. >> the release is he year and a half from now? that could be three years from now. covering companies going public -- that is a very long time frame to me making these decisions. it does make sense that he is putting a number out there, even if the number is a bit of a shrug. all hands meeting with employees. he is trying to quell fears about the future of the company. there are a lot of things he has to do to fix the company to get it ipo ready. to come in and say this could be a mature company is a good thing for him to do right now. as well as on the investor side, you had some angst within the ranks. you had some new investors like softbank poten

verde "nuen" de 34 aÑos quien es el dueÑo del centro "elightenment studio" ubicado cerca de las calles mckeeuestamente instalar dicha cmara en el baÑo pero adems de esto la polica cree que el hombre estaba tratando de producir pornografa infantil con las imgenes que capturaba dicha cmara por lo que enfrenta tambin un delito grave.

you go to buford and go to his home or go on a tour past the home, is that smalls reached out to the mckee family, who had owned him and his mother, and invited hem to come back to the house and paid for the rail trip to buford and invited him to stay with him, which is want extraordinarying a of forgiveness in my book and the mckee family refused to east with him at the same table, but he continued to have them stay at his home and see served hem separately. a lot of his success was determined by the kind of person he was. despite the efforts to knock him down. >> hi. i have not read your book but i have a couple of questions. smalls -- regarding his pension, i know that there was some struggle regarding him obtaining his pension. i know he served under sam dupont and i think it was robert -- david hunter who was the army commander. i'm just curious, so he was -- is a understand he was prey mottoed rank of captain, which should have allowed him to receive his pension. when he requested -- when he did the investigation regarding his pension, i don't understand why he didn't call on samuel

tom: we will talk with michael mckee on inflation within the hour.s, the dynamics of the full faith and credit 10 year. double digit world. stay with us, from london, and new york, red sox and yankees this weekend. this is bloomberg. ♪ ♪ maybe it is a trip to disneyland, we did that earlier this week. disney and netflix. i am tom keene. let's go to the fantasyland that is snapchat. dogs.ue apron, dog of let's get to the chart. we have not done much on this. i am not a big fan of these train wrecks. the yellow line, snapchat. francine has it, i don't. public, we come here, everything is great. and then down we go and right now here is where we close, and here is where we open. enter blue apron, $10 a share and we are down here 50%. francine, it is not that i have never seen anything like this. what amazes me is the response of ernest technology to these debacles. you wonder when it is going to catch up with them. francine: i think it is a question of valuations and also what analysts think these companies will become. blue apron, a lot of our global v

thank you so much, michael mckee. let's check on the bloomberg first with this afternoon with taylor riggs. taylor: catalan police confirmed the fugitive van attack suspect was a man shot killed in a small town west of barcelona. officials say he was carrying a both of explosives. it was the subject of the massive manhunt since last thursday's attack that killed 15 people and wounded more than 120. the man accused of driving his car into a crowd at white nationalists rally in charlottesville made a court appearance today. authorities say 20-year-old james alex fields, jr., appeared by video. he was denied bail but has another hearing on friday. heather heyer died in the crash, and 19 others were injured. america's top admiral has called for a wide-ranging investigation int. that is after the tanker collided with a boat near singapore. it has significant damage and is the second fatal collision involving a u.s. warship in the pacific region in two months. production for president trump and his family as to the u.s. sec

michael mckee none bad chemistry.ported directly to your bloomberg. this is bloomberg. ♪ ♪ francine: this is "bloomberg surveillance." coming up shortly, bloomberg daybreak: americas with jonathan ferro and alix steel. alix steel, i know you are focusing on gasoline prices. >> we will cover all aspects. we were also focus on houston. .e have the ceo of aep he has 100,000 customers still without power. we want to know why and how fast it will come on, and what the demand fall off will be at a commercial, industrial, and residential level. tom: thanks so much. withportant conversation brian moynahan. the 1990'shink about and 2000's when you had growth, you had 1.5% a year. it is hard to estimate, .5% to .75%, demand for houses, food, cars, everything, so we have a good solid economy. towill see this thing fight get between 2% and 3% as opposed to easily get there. tom: looking domestically at the realities of our demographics. the single best chart that ties into jeffrey denison's work -- dennis's work. down at the bott

michael mckee is an jackson hole for the kansas city fed's annual economic symposium.r george if this was premature. i think about inflation, i think about our mandate, which is price stability. relative to an economy that is growing at 2% and adding jobs, i think we are in a good place and we still have very accommodative monetary policy. that tells me we should begin have indicated, gradually begin to remove accommodation, as long as reports indicate we are moving in the right direction, which i think we are. indicate another rate increase this year. >> that was my last forecast. each time we put that together is a new opportunity to look at the data. we will be looking at the data and seeing whether that still makes sense. based on what i have seen today, i think there is still an opportunity to do that. of the year,end not necessarily by september. consider a breakdown a commitment. i think it is a general sense of where rates should go. >> is the phillips curve broken or is nehru lower than it has been in the past? what has happened to inflation? >> i don't know t

along 101 they have changed the direction of the crash. 101 at mckee. a three car crash.t's adding to the delays with the

yesterday, michael mckee spoke with a host of the symposium, esther george. she continues to favor another rate hike in this year if economic data holds up. >> i will be looking at the data in the next few weeks as we get ready for the september meeting and see whether that makes sense. based on what i have seen today, i think there is the opportunity to do that. michael: by the end of the year? >> i don't pick a meeting and i don't consider that rate path and those projections and commitment. i think it is a general sense of where rates should go. vonnie: the main event comes tomorrow when both fed chair janet yellen and ecb president mario draghi are due to speak. here is portfolio manager at janice henderson. he is a newport beach. nick, both may try to assiduously avoid talking monetary policy but they will not be able to completely avoid it. something the markets will interpret somehow? nick: that is exactly right. for the next year we are likely to face some sort of unintentional coordinated wind up of central bank balance sheets. the fed unwinding and

jim mckee is joining us now, live, what can people do, jim?biggest thing we have right now is the public to be aware, we're still in search and rescue mode, while that is taking place those individuals and corporationses that want to be a part of the short-term and long-term recovery, process, need to be preparing for that. we really urge our citizens not to come to disaster area until we're ready to. connell: i think outside of area, they want to know how. >> excellent. thank you. fox news has been real good about reporting how we can be involved in best way right now is for everyone to wait until latter part of this week, you will see the process of establishing volunteer resource centers to pop up. it is going to be reentry part, when everyone starts to come home, we'll need individuals that are trained, and willing to help out as volunteers, those volunteer resource centers are crucial places for them to sign up. and extend a helping hand. connell: that is great information. ongoing event. later this week. once it shifts from rescue events

bloombergs michael mckee got a chance to sit down with cleveland's fed president who has been more one one of the more hawkish members but -- of the fomc. >> monetary policy is still accommodative. the gradual path of normalization is really a gradual path and my argument of why you want to stay on that path is because we are in a more normal economy. inflation is not yet at 2%, but what we learned is we have to move policy a little bit before we get to the goals or we are going to be behind or potentially left behind. we could find yourself in a bad spot. i would not say i may advocate of higher rates. i am a advocate of keeping on this more gradual normalization path where we are taking away some of the accommodations we needed to put in. ofhael: you think the risk higher inflation is greater than the risk of higher rates having a damping of act on the economy? loretta: there are a number of risks. the underlying momentum of the economy is very good. we have very strong labor markets and we have seen that overtime. seen the growth has been maintained at a little above 2% or so and a