economy faces a skills gap so it's time to bring in michael bell and president and c.e.o. of builders and contractors thank you so much for joining me today thank you very important topic you say you know we're seeing strong employment growth. but there's a new problem especially in recent decades u.s. has a skills gap we're not training up labor we're not getting them out there and when when you aren't getting them out there you're not giving employees the power to work with the business owners and things like that so what's what's. what's the gap look like how bad is it well it's about five hundred thousand jobs that need to be filled right now so that's pretty significant. and we have about seven point five million in the workforce so we're projecting associated those are trying to read through the five hundred thousand plus to put the work in place right now are we talking about skilled labor are we talking about unskilled labor we are these you know train workers that almost it's almost as if they're. unrecognised engineers these people that have to go out and build t

michael bell. liz: what?ificant investment in derek jeter's bid. and we have confirmed that something called msd partners, michael s del partners. liz: a venture capitalist fund. >> his family office, it's related to his family office, which manages his net worth of $20 billion. made a -- basically gave $175 million to jeter in the form of preferred stock suspect. so what this does is this: it moves jeter closer to his $1.3 billion deal with another $175 million. but it is preferred stock. what's interesting about this the coupon from what i understand is something like 10% on this deal. that's pretty significant. preferred stock works like debt. and here's the rub. will the major league baseball -- will they allow an investment like this in a bid because they don't like debt, generally. and preferred stock. i know i said stock. but preferred works as debt. you get guaranteed quarterly or maybe monthly and usually quarterly dividends like a bond would pay a coupon to somebody. you also on the pecking order ju

we have a ton of earnings before the bell joining us now is michael purvis from wheaton and company thankng us i understand you think equities perhaps are not giving us the best indication of where the market is and bonds are better explain the theory >> in terms of corporate profits the bond market has it right the equity market is too optimistic if i look at consensus forecast for gdp, the overall street forecasts for gdp, you get to nominal gdp of 4.5%. that generally, when that -- when you get that nominal gdp, that's where we were back in 2011, 2012, the better parts of the post crisis era. you will get top line growth, 3%, 4%, earnings growth of 7%, 8% when you think about what's expected now on consensus earnings forecast for the year, it's 130 that's 20% year over year. the first half of 2016 very low. we had the earnings trough as we get into the second half of this year, you know, the beats will be much harder to come i took my earnings forecast for a variety of reasons from 127 down to 116. i don't know if that has to be a volatility event for the markets. it can be more of a p

carlos bell is in jail facing serious charges right now, while michael quander explains, his neighborsave serious questions. >> my first thing would be to ask why. >> reporter: questions are swirls in this waldorf neighborhood about what led to one of their own being charged with second degree assault, and producing child porn. >> a lot of kids have been scared mentally, and maybe physically by all of this. and just, i don't know. >> reporter: carlos bell was a former charles county schools. he's accused of having sex with at least seven underage boys. investigators say bell later admitted he was hiv positive. >> it's hard to weed out somebody that's going to be doing something like that. you almost have to think about every school employee getting a psychological test i guess. >> reporter: the investigation started back in december and the school district barred him from school buildings that same month. it took investigators until just last week before an arrest was made. that information could be pulled from bell's home computer. >> can't even realize the trauma that the child goes

bell fish naldo. he is. >> i'm -- do you think -- i have so many questions, and michael, what do you think? >> i mean, if you want to talk about my favorite, you know, calories per dollar ratio. i think taco bell might win. >> that's so cheap. >> dom says it's cheap and good. >> whatever change you have in the console, you're fine. >> now i want some taco bell sue, thanks very much. >> you got it, it kelly. >> it's the battle of the tech titans, it's la's elon musk and facebook's mark zuckerberg squaring off what sparked their war of words and yesterday if you misses our nn aussion on the controversial faiend freddie we'll come back with some more fired-up opinions on the two troubled mortgage lenders when we come back and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. >>> welcome back we have a news alert on blue apron here leslie picker, what's happening? >>

elo arrison, fredrick toto, robert martin, albert, rufus hawke, william furr, oscar hill, edock bell, michael pew, jesse mae jones, james rutledge, leroy boyd, rebecca brown, raymond gilmore, cornelius murray, victor louis smith, richard taliaferro, and rufus counsell. mr. speaker, those were turbulent days in the city's history, but we have not forgotten and have learned great lessons from that time. may we also never forget these lives that perished in those five days and i yield back. the speaker pro tempore: for what purpose does the gentleman from south carolina seek recognition? without objection, the gentleman is recognized for one minute. mr. wilson: mr. speaker, today the house of representatives will consider three critical bills that will continue efforts to reduce and eliminate human trafficking and implement a stronger detection system for american families. i appreciate the leadership of congressman chris smith, congressman tim walberg and congresswoman vicky hartzler for their work to build a more effective system to apprehend traffickers. as we take steps at the national level

michael kors was once a hot name in you bells struggled in recent quarters. that's our business reportment i'm landon dowdy. >>> i want to know if the jimmy choos will be more affordable so i can add some to my collection. >> of course. >>> 5:55 now. you can go to the nbc washington app to see jim vance's final story. he interviewed lonnie bunch, the founding director of african-american history and culture. >> he couldn't remember the last time he was so excited for a story. that says a lot, too. take a listen to their interview where they talked about bunch's local ties. >> howard university. why howard? >> part of it was it's 1970. so there's this desire to really understand who i am, who america is and howard has always been the capstone of black >> and to experience that interview and the museum through vance's perspective is always such a treat. you feel like you're learning so much. that whole story, because i know you're probably interested in seeing that interview, it's on the nbc washington app. >> vance did that interview in march. it never aired.

michael, thank you. >> let's get to our closing bell exchange gene todd from first trade and keith bliss is on the floor here at the big board and jack bouroudjian joins us from ucx at the cme in chicago keith, you and i were chatting earlier. how do you think the stock market has weathered the earnings and now especially as we get to a real flood coming next week? >> i'm almost of the mind, bill, it doesn't matter, when you take a look at what's going on in the stock market this year in 2017 and for the last five years, sure. earnings play into it and how we may trade from one day to the next, but the overall trend has really not changed when you take a look at you will at major indexes. all above the moving averages, 50, 100, 200-day and earnings will, of course, as michael was just pointing out, will punish some companies, and it also plays into the underlining story of how companies are selling off if they miss or equal expectations a little more than we've seen in the past that is not unusual when we're trading at all-tie highs and the market is on a knife's edge. you'll have the co

michael wolf, activate partner. just about 26 minutes to go before the closing bell rings. we've got so much more. stay tuned.at this. dow 21,411 right now. >> i'm nicole petallides on the floor of the new york stock exchange with this fox business brief. the dow jones industrial average higher. the s&p 500 and the nasdaq, the dow gaining 95. the s&p up 15, the nasdaq up 53. shares rallying after stronger than expected junes jobs report. temporary health services industry growing almost 4% annually over the past five years. and it's a good day for the homebuilders. lgi homes sector across the board after reporting a record second quarter. lenar and kb homes jumping higher. shares of tesla rebounding after jumping in the past sessions. elon musk says he's going to build the largest lithium battery system in australia. also giving an update to monday's delivery numbers saying an additional 3,500 cars are in transit to the customers. and we've got more on president trump's highly anticipated meeting with russian president vladimir putin. so we need tablets installed... with the menu app ready to roll. in 12 week

>> ♪ ♪ [applause] [birds chirping] [bells tolling] [applause] >> tonight, the ability of the government to access data from tech companies. we won't hear from michaelf speak about -- we will hear from michael chertoff who will speak. >> what the government is arguable for and this resolution is of tech companies have to go further. they have to organize themselves so they have the ability to decrypt with a duplicate key all of the data transferred so they have the ability to store things you think you have deleted so they can turn that over if there is a request. under the constitution and the traditions of this country, we do not require people to organize their lives so they store everything they say and so it'd bethey say available if somebody wants to come and investigate. >> the fourth amendment says the right of the people to be secure in their persons, houses and effects against unreasonable searches and seizures shall not be violated. it does not say against all searches and seizures or some. it is unreasonable searches and seizures. i hope everybody will at least agree that is the standard. what is reasonable? i am not going to take what i

michael finney. 7 on your side is coming up. one laugh, and hello sensitive bladder. ring a bell? then you have to try always discreet. i didn't think protection this thin could work. but the super absorbent core turns liquid to gel. for incredible protection... snap! so it's out of sight... ...and out of mind. always discreet. for bladder leaks. i've discovered incredible bladder leak underwear that hugs every curve. can't tell i'm wearing it, can you? always discreet underwear. for bladder leaks. >>> wail watching tours off santa cruz have seen a 20% jump for tourists hoping to see the great white shark population. the david loui sharks, swimmers, and surfers are sharing the same water. >> reporter: less than a half mile off of santa cruz, there's a whale of a show for anyone on a boat or a kayak. scan the water line for a spout and a glimpse of a hutch back follows. but there's another attraction, great white sharks, which have clustered around the shore. chris victorino is captain of this ship. white sharks are getting lots of interest. >> a lot of times you get too close and they leave. but other times, we've had

michael. >> sure. >>> abc 7 news was in san francisco's union square for the 54th annual cable car bell ringing contestmuni operator dedicated his performance to his late mother. >> it means more to me than any other award. this is for my mom. >> he credits his mother's us influence in fostering his musical ability, gave him a drum set as a child. >>> this view over the lake merrick neighborhood. lake merrick is the nation's oldest wildlife refuge, established in 1870. clear blue skies as far as the eye could see. spencer christian with an update on the forecast. >> more beautiful days are coming our way. but heat is coming our way as well. live doppler 7, we have mostly sunny skies right now. although you can see areas of fog forming at the coastline. overninth the fog will expand a bit. lw temperatures generally in the mid-50s in the early morning hours tomorrow. mid-afternoon tomorrow, sunny skies with highs low 60s at the coast. low to mid-90s inland. a heat advisory will be in effect for much of the bay area over the weekend. mainly in the higher elevations of the east bay and south bay, and over

michael. >> sure. >>> abc 7 news was was was was francisco's union square for the 54th annual cable car bell ringing>> it means more to me than any other award. this is for my mom. >> he credits his mother's us influence in fostering his musical ability, gave him a drum set as a child. >>> this view over the lake merrick neighborhood. lake merrick is the nation's oldest wildlife refuge, established in 1870. clear blue skies as far as the eye could see. spencer christian with an update on the forecast. >> more beautiful days are coming our way. but heat is coming our way as well. live doppler 7, we have mostly sunny skies right now. although you can see areas of fog forming at the coastline. overninth the fog will expand a bit. lw temperatures generally in the mid-50s in the early morning hours tomorrow. mid-afternoon tomorrow, sunny skies with highs low 60s at the coast. low to mid-90s inland. a heat advisory will be in effect for much of the bay area over the weekend. mainly in the higher elevations of the east bay and south bay, and over in the santa cruz mountains there, from 8:00 a.m. saturday t

michael mckee and my cohost tom keene. bloomberg markets continues next with a look at facebook earnings after the bell.york, this is bloomberg. ♪ scarlet: 3:00 p.m. in new york, 12:00 team in san francisco, and 8:00 p.m. in london. welcome to "bloomberg markets." julia: we are live in bloomberg world headquarters in new york. here are the top stories we are covering. in markets, investors have their sights set on two words from the fed's decision -- relatively soon. that is the guidance on when it plans to begin unwinding the balance sheet. holded also decided to rates steady, sending the u.s. dollar to a 14-month low following the statement. in politics, senate republicans bracing for a chaotic week of voting, set to vote on mitch mcconnell's proposal for a straight repeal of obamacare this hour. speaking of chaos, taper to the rescue. to public is planning to roll out a melted cheese dish to boost sales. it has had a recent food safety crisis. one hour from the close of trading. let's check markets. julie: there was an analyst note today, suite dreams are made of cheese. like that one. -- sweet dream

michael finney and 7 you get used to food odors in your car. you think it... ...smells fine, but your passengers smell this bell dinging new febreze car with odorclearns away odors... ...for up to 30 days smells nice... breathe happy, with new febreze. they carry your fans shpassions, hopes, and dreams.s. and maybe, a chance at greatness because shoulders were made for greatness. not dandruff. hello i'm vincent, this is livingston that's tangella. this is our haunted house and every saturday night on kofy tv20 we present our show creature features where we show wonderfully horrible films and horribly wonderful guests. do join us, please? >>> tonight our 7 on your side group is in marin county answering your questions and solving problems on the spot. >> let's head out to michael finney at the court madera town center to see how it's going. hi, michael. >> reporter: hi guys. a lot of people are dropping by and solving a lot of problems. shelly just arrived. she's from novato. she's got a question, a problem. what's up? >> we had a 2 1/2-year-old refrigerator and the ice maker went out in february. they've come to repair it three times. we have an ext

bell" and the top of state in business coming up. kell deand i think we know what it is, don't we, kell? >> it was michael'soff. i don't know if you're right we're going to find out this hour welcome to "closing bell." i'm kelly evans. here's where we're finishing up the session on wall street today. looks like all the averages managed to close in the green. the dow up about four points, significant giving the 100-point spike lower we saw this morning on the donald trump jr. e-mails. more on that in a moment about a four-point gain for the dow despite heavy sell pressure. the nasdaq composite more comfortably in the green along with the russell 2000 and gains of about a quarter of a percent and a third of a percent respectively and the broad s&p 500 can't do it today and locks like it's shedding about a point and a half 2425 is your broad level we'll keep an eye on this as the trading shakes out here. in case you haven't heard, it's also amazon prime day with prices for amazon's echo and goggle home also slashed today a look at how the ai devices stack up against each other and what happens to you and your

michael course agreeing to purchase shoe maker jimmy choo. the price tag $1.2 billion. this is the firs time since jimmy choo was chang ed hands since it was found ed. taco bell is teaming up with the car company allowing lyft passengers to provide runs 245 include taco bell. between 9 p.m. and 2 a.m., but before you get too excited for now this is only a test program in newport beerchtion california. america. that's business. i'm neil cavuto. uto. fios is not cable. we're a 100% fiber optic network. and with the new fios gigabit connection... you get our fastest... internet ever. with download speeds up to 940 megs - 20 times faster than most people have. switch to fios gigabit connection with tv and phone for $79.99 a month online for the first year. plus hbo for one year and multi-room dvr service for two years, all with a two-year agreement. and switching has never been easier. get out of your contract with up to a $500 credit to help cover your early termination fee. go