. >>> let's turn now to michael jones to talk about what it may mean for you and your money. he's chairman and chief investment officer at riverfront investment group. michael, welcome. are stocks too expensive, which is not to say they can't get even more so? >> we don't really think so. on our price matters model, stocks are about 5 to 10% above their long-term average valuation. that's a little pricey but by no means alarming. to put it in context, before the 2008 crash, stocks were 25 to 35% overvalued and in 2009, stocks got 100% over value. they are a little pricey but nothing historically that's caused problems for higher prices. >> but you are watching a couple things that may be external shocks, like a political shock. we saw volatility come in with brexit and you're pointing out the italian bank situation? >> that's absolutely right. i think the fundamentals underneath the market both in the u.s. and, frankly, in europe, very solid growth. growth is a good 2, 2.5%. you mentioned probably the most risky one. italy's banks are going to need a bailout. that's unquestio

cioael jones's chairman and ,f riverfront investment group he's live in richmond virginia. michaelanks for joining us. how important is this, psychologically, that the u.s. has reached a state record finally? jones: it's critical. with been a long suit -- two years chop, and investors of gotten impatient to see gains in their portfolios. i think in light of the volatility that we have seen in the last few weeks, to get some reassuring economic data and to have the markets drive higher on the basis of that data, this is a really good confidence boost that equity markets around the world really needed. mark: will that confidence boost be enhanced by the upcoming earnings season in the united states? believe so.e don't we think the clear evidence is that the u.s. really accelerated in the second quarter. we left some of the drag from the oil patch behind it, we picked up some consumer spending and wage gains. most of portland, we accelerated and housing, and all of that suggests to us this is going to be a good earnings season, which will only be improved by the fact that the dollar h

the number to mayor rice, trayvon martin, michael jones -- i looked the faces of countless black bodiesing in our streets, and are my own experience with police officers as a kid. the struggle must continue for our futures sick. sake. you, -- futures i love you, dad. nermeen: could you say something about what prompted your decision to make an exchange like this public? prof. glaude: you know, i was really grappling with that 15-year-old boy crying, weeping at the loss of his father, and combine that with diamond reynolds's four-year-old bob -- toghter finding the courage console her in that moment, and it led me to think about my own son and his experiences. part of the difficulty about this conversation about race is we often deal with abstraction, and we realize -- we don't realize they are real human beings, real relations under the abstractions. i wrote him, he wrote me back, and in his usual way, he corrected me, and i said i wish he was seven, and then he was 12, and heam is gone. childhood is not a safe haven. amy: and just about a week ago, turned 14 would have years old. langs

(applause) t rexx (applause) retha jones (applause) and michael jr.ed out by applause) so jr., you have kids, right? - oh yeah, i do have children, i do. and a wife. and it's kinda cool. you know, i see 'em like every day. (laughter) you know, 'cause they gotta come downstairs, so... (laughter) one of my main things--like my sixth grader, she came home with some math homework. she wanted me to help her. i'm thinking, "sixth grade math? cool. "how hard could that be? how many apples could sally possibly have?" (laughter) she asked me to helped her write a polynomial. i was like, "sally had a pile of oreos?" (laughter) now, right, i'm paying for a tutor that's like twice a week. first, she go on tuesdays. on thursdays, i go. (laughter) yes. i do have kids. i love my kids. i love hanging around kids. being around them is fun. but my son, right, one time he said to me out of nowhere, right? you get them father-son moments. it's all powerful. you feel like-- my son looks--he's only four. one time he said, "dad, i wanna be a doctor," - [byron] aww. - yes! y

. >> "weekend update" with colin jones and michael chey. [ applause ] >> welcome to "weekend update" on msnbc! i'm michael shay. >> and i'm colin jones, live in cleveland for the republican national convention. >> or as i've been calling it, white rio. this looks like a gary it, white rio. this looks like a gary busey look-alike contest. >> we're right next to the rock 'n' roll hall of fame, where you'll find all the legendary artists who won't let republicans use their music. mike pence still finished speaking and you still feel the electricity in the room, static electricity, created by all the shoes softly shuffling toward the exit. what was your takeaway so far for the convention? >> boy, did they bring out the heavy hitters, scott bayo, the duck dynastine ass -- dynasty d. no wonder trump isn't getting any money. look at his friends. >> trump says he wants the best and the brightest. i honestly worry that trump thinks bayo and sobato are spanish for best and brightest. >> back in the other direction you still had a tv show and in this direction you owe me $15 scott bayo. >> i th

michael jones, with chief investment officer of riverfront will be joining us.tics also. we are live at the air show in the u.k.. chief executive akbar alpaca will be joining us -- akbar al baka will be joining us. som dropped out of the race for prime minister. theing about the top of political spectrum here, the bank of england. widely expected to cut interest rates. what a week. alex: i feel like we are counting down the hours to thursday. 14 minutes into the session, all-time high. may be too high or just high enough right now. you guys are going to talk to bert, a wall street legend. this is the schiller barclays case index. for european stocks here, it looks at pe and valuations and adjust them for cyclical swings. they made the u.s. stocks as fully valued here. i think bert is going to say o.at to you can see this divergence happening in 2014. hillary's wasn't ready to give it to me at that point, she didn't want to let go of her baby here. but look at some of the stocks moving today. earnings season kicks off. viacom is one, wells fargo downgrading viaco

. >> msnbc an lis, michael steele chair of rnc, national reporter for "washington post" and from mother jonesel, i would defend trump on this ground, it would be hard to find a republican that didn't vote for the war but how does he bash hillary. >> the counter art is hillary voted the same way at the same time. i think what they need to do. this is one of those moments you roll out the candidate, go through the process, first interview and realize, oh, we haven't really talked this through yet. there's going to be a lot of that in the next few days and weeks and there needs to be. you have, again, someone like trump who has a very different position on a lot of these issues outside of where a lot of republicans have been and the war is one of the first ones. >> he had three doors to open. one newt, the other marked chris christie. all three of these guys for the iraq war, because the republican party was for the iraq war because it was fought under command are in chief george w. bush. >> all hawks. >> not putting mike pence as commander in chief. >> he's not putting out pence as someone to w

david, gloria michael, michael nut nutter van jones, and andre bower. let's start with andre, please explain the comments. it sounded like a lot of national security officials, democrats, and republican officials as though he was glibly suggesting a rival nation commit espionage on our former secretary of state. >> again, i can't think of donald trump. i have not talked to him, i don't have conversation with him, but i think it is tapping into the distrust, the anger, the american people have. they felt slided on the whole e-mail server situation. i think he says yes, he is being blamed for several days that he has contacts with russia he had something to do with this. if russia has the goods, we would like to see nap would be what i would think. >> but this is a hack of the democratic national committee that our intelligence people now believe was perpetrated by the russians. i spoke to a former national security official today, he said it converts the collection of information into a covert operation program. and the worry in the intelligence communit

i remember trayvon martin, michael brown and aiyana jones.ountless black bodies piling up in our streets and i remember my own experiences with police officers as a kid. the struggle must continue for our future's sake. >> professor, let me begin with you, listening to those letters, you said in yours that you wish that your son, langston, was 7 years old again. why is that? and why did alton sterling's death drive you to write this letter? >> well, you know, i saw alton sterling's 15-year-old son weeping at the press conference, and it reminded me of my own child. and you know, combine that with diamond reynolds' extraordinary 4-year-old child having the resources to comfort her, it just made me think of my own son, and i just said that it would be better if he was just home, if he was with us. we could at least make sure he was safe. because when he was 7, he was so cute, you know. he was fixing his own cereal. you know, we were watching sponge-bob together. he wasn't that maddening teenager that he became. and you know, he was just my man.

>> well, i'll say that i will make history, michael and agree with van jones on one thing that this doesook really bad, and no, i don't think that it is going to be sufficient, simply, because to van jones' point there is a relationship between bill clinton and loretta lynch prior to this happening which makes it worse mainly because we now have a pattern of government agencies that have been corrupt to the core from targeting christians and conservatives all of the way down the scrubbing jihadi references and other references from day and the ta fbi for crying out loud and so, no, it is not going to be boding well for them, and this is not going to be going away with the e-mail scandal, and the clinton foundation, bill clinton himself could be under investigation. >> and van, respond to what katrina said. >> well, first of all, i appreciate your agreeing with me, but i will try to return the favor, but some of these things that are almost lore or mythological ledgend on the rigt are not factually sound. for instance, i will talk about this personally, the myth that the irs went after th

next week, matt damon o, keegan michael kay, bradley cooper, denis leary, salma hayek, hugh grant, kent jonesg sponsored by cbs captioned by media access group at wgbh access.wgbh.org ♪ in the middle of the day. ♪ i never feel the same. ♪ he's got-- . ♪ i only-- . ♪ ♪ ♪ sfx: crowd cheering sfx: crowd booing ♪ sfx: crowd chanting ♪ sfx: crowd cheering ♪ sc johnson, a family company ques...are my teeth yellow? ...have you tried the tissue test? the what? ... tissue test! hold this up to your teeth... ...ugh yellow... i don't get it. i use whitening toothpaste. what do you use? crest whitestrips you should try them! whitening toothpaste only works on the surface. but crest whitestrips safely work below the enamel surface ... to whiten 25x better than a leading whitening toothpaste you used the whitestrips i passed the tissue test. oh yeah. would you pass the tissue test? see for yourself with the whitestrips. they are the way to whiten. >>> it's "comics unleashed: hot chocolate." with your host, byron allen. tonight byron welcomes -- bra brady. grammy award-winning -- byron allen! [ cheers and a

joining us is michael steele and jonathan capeheart, and david horn of mother jones. let's talk about the promise hillary clinton made. we want to get to donald trump and pence. what do you make of that? >> well, it's a progressive outfit. probably a lot of bernie supporters there. as you know, bernie made citizens united, perhaps, the number one villain when he was campaigning against big money politics. so i think this is hillary clinton picking up the mantle and running with it and doing what almost every democrat and government reformers want to see. find a way to deal with the flood gates that have been opened by citizens united. >> yeah. it's an opportunity to remind people that citizens united was about her. i think people forget the underlying case was about hillary clinton. people forget that. let's talk about trump. i think that's the new name. i want to play a little bit -- nald trump has bee explaining. it took about 28 minutes to get to pence. once he got to pence he explained why he chose him. let's listen. now, i think if you look at one of the big reas

jones witnessed part of the ordeal. >> he opened the door when she ran away and ended up going into 7-eleven with a bloody eye. >> michael: >> he assaulted her by throwing her to the face -- ground and punching her in the face and assaulting her. >> michael: they tracked him down. has preyed on women. and they are asking any other victims out there to come forward and speak with investigators. portillo faces a judge in just a little bit later on this morning. of course, fox25 will be there. live in winthrop, i'm michael henrich, fox25 news. >> gene: 7:09. updating breaking news out of san diego. one of two officers shot overnight died. the other just came out surgery, an survive. right now one suspect is in custody and police and swat teams still searching for other people that may be involved. >> julie: we track traffic and weather together every ten minutes. good morning, everyone, happy friday. right now the slow spot is the expressway. 25 minute commute as you head from the braintree split up to the exit for the pike. shiri? >> shiri: happy friday. tracking rain showers and couple downpours. here is where we are expe

on september 2nd, you can see her opposite michael fassbender in "the light between oceans," and starting next friday, she, matt damon and tommy lee jonestar in the big time action film "jason bourne." please welcome back to our show, our pal, alicia vikander! [ cheers and applause ] ♪ ♪ >> jimmy: you can sit on the couch if you want to. u're allowed to do that. welcome back. thank you for coming back. >> thank you. >> jimmy: and congratulations on winning the oscar. oh my goodness, it was great. [ cheers and applause ] what did you do with it? >> yes. thanks. [ cheers and applause ] >> jimmy: my favorite moment of the night -- >> thank you. >> jimmy: we love you, you're so much fun on the show, but i was still rooting for you and you won and you just looked beautiful and you were just clapping perfectly. >> oh, my god, i don't remember anything. >> jimmy: you don't? >> when i'm up there, it was a a wonderful night. >> jimmy: yeah. oh my god, it's exciting. well, now, i have you on the show, we have the great celine dion on the show. i'm very excited about this. it's a hot show tonight. >> yeah. >> jimmy: this is good, yeah. >> did you

michael bloomberg. tech earnings struggle with oil prices falling below $40 per barrel. look at the dow jones industrial. right now down 18. anything can happen in this final hour. that's why you've got me. less than an hour to the closing bell. let's start the count down. and the s&p is positive up two points right now, but wall street is suddenlien -- suddenly unimpressed with the fed. we are watching tick by tick. remember exactly at this time yesterday the dow made a run at greener fields so anything can happen. we are watching it moment by moment. oracle, software giant snapping for $9.3 billion, $109 per share. $108 and 28 cents, you that stock jumping into orbit. the company started in harvard dorm room hitting a life-time high. earlier we had facebook at $128 a share. facebook just basking in yesterday's glow and blowout earnings. the social media passed 5 billion-dollar level. now return to go video, video, and video. i think mark zuckerberg mentioned video three times. streaming live video is the way of the future. on the other hand, we have energy, there's too much of it. crude set

on september 2nd, you can see her opposite michael fassbender in "the light between oceans," and starting next friday, she, matt damon and tommy lee jonesourne." please welcome back to our show, our pal, alicia vikander! [ cheers and applause ] ♪ ♪ >> jimmy: you can sit on the couch if you want to. you're allowed to do that. welcome back. thank you for coming back. >> thank you. >> jimmy: and congratulations on winning the oscar. oh my goodness, it was great. [ cheers and applause ] what did you do with it? >> yes. thanks. [ cheers and applause ] >> jimmy: my favorite moment of the night -- >> thank you. >> jimmy: we love you, you're so much fun on the show, but i was still rooting for you and you won and you just looked beautiful and you were just clapping perfectly. >> oh, my god, i don't remember anything. >> jimmy: you don't? >> when i'm up there, it was a a wonderful night. >> jimmy: yeah. oh my god, it's exciting. well, now, i have you on the show, we have the great celine dion on the show. i'm very excited about this. it's a hot show tonight. >> yeah. >> jimmy: this is good, yeah. >> did you know that that first, back in the day,

in sports history, michael delis buying the majority share and consider this, the ufc was last bought for just two million-dollar back in the year 2,000. >>> on wall street dow jones and s and p lost ground on friday, asian markets rose this morning upon the most recent stronger american jobs report, right now, just took a look, 15 minutes ago, futures are pointing up. lets hope that holds. >>> amazon is offering huge deals during its prime day sale that will kick off tomorrow. last year amazon offered hundred thousand deals exclusively prime members but this year several competitors are trying to steel their thunder, target, seals, banana republican and others will be offering special deals. >>> police in manchester, new hampshire found themselves in hot pursuit of a bear. police say a bear was spotted on interstate 93 on thursday and has been on the move ever since. police chased the bear which then made its way up a tree, just as wild life officials went up to capture it, the bear alluded them once again. officials believe the bear may have run into the woods. >>> that bear was moving. >>> 4:52. there he goes. the change will do you some good cheryl crow and se

jones street standoff. thank you. >> thank you. next speaker, please. welcome back. public speaker: hello. my name is is michael pet tralles. i'm here to speak on gas con's blue ribbon panel. george gas conis running to be replaced as attorney general as elected to the u.s. senate. we have to remember, george gascon is an ambitious politician. he pulled together a blue ribbon panel that has now put out a report that is 260 pages, made 81 recommendations and involved dozens of lawyers and downtown law firms. fine. it's telling me what i already know. there is problems in the police department. wow, he's put all that work into telling me what i already know. what he has not done is indict a single killer cop. zero indictments from george gascon who wants to become state attorney general. i'm aware of the killings by cops of mario woods, lopez, perez, alex nieto, louis gongora, civilians that have been shot by police and killed by the police while gascon has been district attorney and he has not indicted a single killer cop. george gascon is a politician running to be appointed by jerry brown to replace camilla harris as attor

jones industrials. as you look ahead, some people say buy value names. others say go for gutty ones, growth stocks. michaelsaid look at growth stocks. what is your view and what you put in your portfolio? >> warren said buy value companies at value prices. they're getting increasingly difficult to find but i have a couple for you today. connell: we've got them up on the screen. celestica and icon. we keep it macro, people can do their own research on this? what do you expect next couple weeks? it is earnings season but headline driven market with bank of england weighing in and who knows what the fed will do. >> i don't think the fed will raise rates. we got a nominal gdp. might be 2 1/2%. no way they raise rates. forget about that. i think market continues on, barring some major crisis, whether, even terrorism was discounted today which is what happened in nice. i think there is a lot of money flows into equities at this point. but as i say, stick with companies that you want to own. you know the old musical chairs. when the music is turned off you want to make sure you have still a good business that you

stocks are rising with the dow jones average on track for its ninth straight game, which would be his longest winning streak since 2013. join us is bloomberg gadfly columnist michael reagan. -- michael regan. could they be getting ahead of themselves? michael: when you look at a market that continues to get higher day after day -- in earnings season, that is lackluster, yet the rally is pushing valuations up to the stratosphere. tor first instinct might be trust the stock market and see what it is trying to tell people -- that the economy is going to pick up, earnings growth will pick up, and that could be true -- that could be the case, but you have to wonder is it just people getting too exuberant, and that is where the fear of missing out comes in. sucked about the evaluation, but they see the market going up every day, and they think money has flown into the market -- i might as well go into the ride. some of the strategists are fluffing the idea out to whether or not it could be happening, and if it is happening, what does it mean -- how far could it go? one interesting note from julian emmanuel at ubs saying market peaks over the last 50 years -- peak valuat

jones, bloomberg strategist. the european close is nine minutes away, we have more today. the bottom of the hour, we speak with the former secretary of the department of security, michael chertoffthis is bloomberg. ♪ scarlet: live from london, i'm scarlet fu. mark: i am mark barton, this is the european close on "bloomberg markets." look at the biggest business stories in the news right now. europeans are -- car sales growth slowing after the the brings it weighs on consumer confidence. european automobile manufacturers association says registrations were up 6.5% for 1.5 million vehicles. june was the 34th straight month of auto sales gains in europe, but the growth rate was the slowest since march. the top gainers included daimler and b&w. profit falls due to weak demand in asia and europe and the strength of the swiss franc. estimated sales are to have declined about 12%. of watches say costs are increasing after decided to retain employees, despite the slump. shares of herbalife moving higher today after reaching a $200 million settlement with the federal trade commission, which says that the maker of nutritional shakes is not a pyramid schema. and'sment with the ftc than tw

michael t. flynn. he has a new book out, the field of fight, how we can win the global war against radical islam and it's allies. general, thank you for joning me, it's great to be here. >> you're being floated as a possible vp pick for donald trump, and you're heading to cleveland, as i understand it after the show. should we expect to hear from you one way or the other next week? >> i think one way or the other i will be in cleveland, it's an honor for me to be considered in this mix that is so important for our country. i am absolutely humbled by it, but yeah, i will be in cleveland for sure, and you will likely hear from me, and i would like to come in and see you when you're there. >> of course. it seems like it is down to pence, christie, and gingrich. have you been told one way or another if you're still on the short list? >> what i would just say is again, you have to talk to the trump campaign to find out where they're at. this is going to be a big decision for trump to make, it is critical, and i'm just honored to be in that mix. >> i wanted to play a clip from an interview you did over the weekend. >> i think women have to be able

michael sm smerconish. y ina mallika henderson, jeffrey lord and s.e. cupp and van jones.y reince priebus' argument that the differences between trump and pence are actually valuable or is it a liability? >> i think it depends on how this whole kind of shotgun arranged marriage goes. we'll see what the democrats try to do with mike pence's record. you can see that donald trump is obviously trying to in part run on pence's indiana record. democrats will try to make hay out of that. you can imagine that democrats will try to go into some of these states like ohio and the rust belt particularly and say, listen, mike pence also was a supporter of nafta. also a supporter of tpp. so i think it's an evolving thing. you are a republican. you have to put a good face on this. for mike pence, the real problem is going to be whether he expands the base of voters. he is i think, shoring up those republican voters. is he going to be able to expand into some of those sun belt states where it's a more diverse -- >> there are always differences between the vice presidential candidate and p

michael krol. he was one of five officers killed by a sniper in dallas last week. and wall street's rally fizzled on this friday. the dow jonesustrial average gained 10 points to close at 18,516. but the nasdaq fell four points, and the s&p 500 dropped two. >> sreenivasan: now, updating our lead story: the crisis in turkey. a struggle for power is underway tonight, with the military announcing it has carried out a coup and imposed martial law. it says it acted to restore it says a peace council will act to restore democracy in the n.a.t.o. member state. there are reports of tanks firing near the parliament building in ankara, the capital, and helicopters and fighter planes attacking key points in both ankara and istanbul. troops are out in the streets sealing off some government buildings and bridges, but president erdogan called cnn's turkish branch to insist the coup will fail, he urged soldiers to rally and later soldiers fired on people in istanbul. president obama is watching this rapidly developing situation. turkey has been a key u.s. ally and a front-line member of the coalition battling islamic state militants in syr

michael, thank you. let's talk more about the rhetoric that we are seeing after this week's shootings, these deadly shootings in the u.s. and their political ramifications. joined now by radio host and conservative commentator lawrence jonese you with us. >> thanks so much for having me. >> let's talk about it. obviously, given the context of what happened, the fatal police-involved shootings of two african-american men in the state of louisiana, in minnesota, sparking these protests, first of all, what are your thoughts about the protests and the way they are being received given everything that's happened? >> i've been mourning all week because with those shootings themselves i had some pause and then with the officers' shooting there was some pause as well. so i think this should be a time where we come together. now, the protest itself, it was largely peaceful. you had one nut decided to, you know, have actions toward the police that ultimately killed five cops and injured six. but i don't think that was the protest at large. i think there is a real conversation that has to happen in america as it relates to the black community and policing in america. there is some distrust, and there is some disconnect, and sometime

. >> the dow jones industrial average, you're looking at history, trading along with s&p 500, both new records. is the strength here, and steve cortez and michaelwe're breaking out, what don't you like? and what do you think is going to happen? >> listen, charles, it's great news, great news we're all-time highs and we quickly got back the brexit losses. a couple of things concern me here and i'm not ready to pop champagne corks yet. why did we rally back quickly? the main reason is once again central bank stimulus. the bank of england and bank of japan promised they'll put the pedal to the metal. i don't think trust that long-term that it can create underlying growth. it's able to get the stock market high, but hasn't gotten main street moving the way we need that economy moving. the second thing related to that, i don't like the leadership of the rally back, mostly in safety plays, things like telecom, things that grandma would own, telecom, utilities, safe dividend plays. if you have an underlying growth story you'd like google and tech and semiconductors leading the charge and that didn't happen. charles: michael, i marvel that the utilitie

jones street standoff. thank you. >> thank you. next speaker, please. welcome back. public speaker: hello. my name is is michael pet tralles. i'm here to speak on gas con's blue ribbon panel. george gas conis running to be replaced as attorney general as elected to the u.s. senate. we have to remember, george gascon is an ambitious politician. he pulled together a blue ribbon panel that has now put out a report that is 260 pages, made 81 recommendations and involved dozens of lawyers and downtown law firms. fine. it's telling me what i already know. there is problems in the police department. wow, he's put all that work into telling me what i already know. what he has not done is indict a single killer cop. zero indictments from george gascon who wants to become state attorney general. i'm aware of the killings by cops of mario woods, lopez, perez, alex nieto, louis gongora, civilians that have been shot by police and killed by the police while gascon has been district attorney and he has not indicted a single killer cop. george gascon is a politician running to be appointed by jerry brown to replace camilla harris as attor

jones alongside stephanie ruhls, jeff rossen >> you hear that olympic music. >> it makes me want to go for a run or jump into a pool. >> or go for a swim like ryan lochte and michael phelps. it was a real nailbiter. we have the results of that. it was really great. >> if you watched last night, those two at the starting blocks just sort of looking at one another, the history amazing. >> i got the fever. >> you're dealing with the best of the best. >>> let's get right to our top story this morning. the awful hostage situation at a bakery in bangladesh over this morning. some of the captains rescued but the standoff had a bloody end. lucy cavanaugh is following all the latest overnight developments. lucy, good morning. >> reporter: good morning, sheinelle. authorities in bangladesh still trying to piece together the details of this tragedy, a horrifying ordeal for everyone involved. this morning a dramatic end to a night of terror in the bangladeshi cap police and army forces r r rush in to a dhaka restaurant where dozens were held captive, killing six and rescuing 13 hostages. it was a terrifying standoff that lasted through the night. gunfire still ringing out thi