michael moore, the market is voting. point do the banks start sweating over low equity valuations, whether they are deutsche bank or unicredit or some bank i do not know in poland? michael: i think they are already sweating. they are coming out and trying to push through the cost-cutting, talking about one or two years down the line with they are going to look like. think theire, i market value is the same as it was in 1996 before they had internet banking. it is pretty dramatic some of the declines we have seen. tom: what do the regulators say about that? a given bank within the euro stoxx 600, how does their regulatory body respond to a stock chart going off a cliff? is why youthink that are starting to hear a little bit more chatter about the capital rules not going further than they have been. there is talk of fine-tuning the requirements and that has led to some fears from the bank that there will be additional capital requirements, and you are starting to see people in europe say, we cannot have that because the ban

>> green party. >> him and michael moore. >> that's a good book. >> label them.re, al gore, which one is the bigger bore? >> al would get back in the game. gutfeld, your choice is? >> i would go by the buddy cop formula, taking two people that complement each other with benefit in shortcomings and i thought immediately o'reilly gutfeld or gutfeld o'reilly and it would be the tall and short of it. we would kill. we would be like crocket and tubs. we would be like starsky and hutch. the male cab any and lacy in 2016. >> the only problem with that is in the posters what you show for whatever party. i will ask what the name of the party would be for the o'reilly gutfeld run. they would only show my bellybutton down. want to get your head in. >> i saw where that was going five minutes ago. what's the name of the party we are running for? >> i would call it the heard party. >> after oliver hardy or the hardy boys? >> lawler and hardy. >> i think i know who you are. >> gutfeld and mcguirk, there they are once again, ladies and gentlemen, how could you wait a full week.

the lyrics michael moore is with us. and the head of global and medical smith. ith asset management. thank you. michael, i will start with you. it is unfair for the banks to take such a hit. we are worried about brexit? does it have to do with interest rates remaining lower for longer or does it have to do with the recession? >> it is a little of all of the above. they are getting hit on the revenue side. bringing down the revenue estimates both for the lending side as you have rates possibly getting lower for longer and that on the investment, banking, and training side with the turmoil being called off. with fewer ipos. so it is all that and then on top of that, the potential cost for having to restructure set up more things on the continent. francine: we're looking at some of the trends today. barclays, most of the banks. they lost half of their value. is there anything they need to do either verbally or restructuring that would make their shareholders feel more at ease about what is going on? >> i am not sure there is a whole lot they can say because a lot of

stuart: what michael moore is saying, the president and hillary clinton, shot gilani, they are making america a lot like europe. i have ranted on this program about this because america is going down that road. michael reflect the policies of president obama and hillary clinton. >> he is an icon of the left. these comments are outrageous. far too beyond left, comedic in fact. i don't hold him in high esteem as a politician which he has become. he is outrageous and ill-equipped to handle what is going out there. stuart: a quick word on this. >> of socialism was a stock i would short it, so many examples in venezuela, the collapse there. the second richest country in natural resources on the planet and they are starving. here is britain, case after case a lot of lines pointing in a direction away from socialism. >> bernie sanders weighing on great britain but not venezuela. stuart: i want to introduce you to someone who has been on television more than i have in the past 24 hours, he is everywhere and he is here now, sebastian gawker. don't think you slept a wink in a day and a half, we

we will bring in michael moore with the latest. it's great to have you with us. no one expected to fail. one bank is very much in focus. michael: bank of america has the biggest leverage. they have been a laggard in terms of capital return relative to jpmorgan or some of their peers. if they can make it through this cycle cleanly, they can catch up on that and boost the dividend and start reporting the shareholders who have been waiting a while for this. european typically, banks look at their u.s. peers and say those stress tests are tough. he used to judge the test by whether someone failed. no is expected to fail this test. it is stressful enough. what is the commentary around that? michael: it's considered very credible and stressful. the banks have been forced to court this capital the last five years. to payve not been able it out. it's just a matter of whether the fed will feel comfortable with the risks out there and letting them start to return some of the excess capital. jamie dimon has a ton of excess capital. regulators may be more cautious on that. jo

ira jersey, michael moore, -- michael mayo, and peter hooper. speaking in the united kingdom today?king? francine: it is usually quite feisty. today i really expect to see sparks fly. david cameron will probably try to beat up on his opposition leader, jeremy corbyn, who yesterday lost the confidence vote. they are british. they know how to debate. it will be quite a spectacle. tom: is chancellor speaking as well? and scotland will chime in as well. it is like the game of risk when we were kids. i could barely keep up with it. let me do a little data check here. going into the break. i will move on to radio, and of course stay with us on "bloomberg " and "bloomberg surveillance." futures up 12. dow futures up 97. look at the yields, coming in even with risk on. david herro will join us on radio. stay with us. this is bloomberg. ♪ david: no way back. angela merkel says there is no time for wishful thinking after the brexit. francois hollande says britain will have to face the consequences. jon: forget december and next year. , 2018.january 31 that is the soonest the fed will see

michael moore of bloomberg news has given us to restrict perspective recently.this morning. let's bring up the chart right now. michael moore and his team out front. it could not get worse for deutsche bank. what kind of bounce is it for banking this morning? >> it seems to be a vervain balance. ,t is a little bit of risk on the broader fears about what brexit would mean for the eu. brexit with the restructuring costs for all of the banks. tom: i get that, and i get the back-and-forth, but within the net interest margin, the profit machine, none of that would be affected by this. is it? >> no. double still be an issue as long as there are negative rates. francine: what i don't understand, if brexit happens, and some of the banks have already suggested that they move people out of the u.k., would it -- they could save money on expensive houses. >> the yield curve is more affected in a case of brexit. in the case of her main, we have seen they will take 20 bits, treasury, 13, and yield 40. that would help the balance sheet. secondly, the reality is they will not a

let's get the latest with michael moore. he heads the finance team in london. o much for sticking around. michael, thank you for joining us. this is what we are seeing from deutsche bank. we have seen a lot of concern about the bank in february and march. none of them are having a great time. deutsche bank, specifically, how much are people concerned about deutsche bank to let how much are they worried about negative rates on the macro environment? michael: it is mostly the latter. in january and february you had some deutsche-specific concerns about the a one's and ability to pay back security here that seems to have faded. you're seeing credit suisse move down in the same way. some of the u.k. banks around the brexit are moving in the same way. you have a lot of headwinds right now in europe. among the large banks in the u.s., the average net interest margin is 3%. for the europeans, it is half of that. francine: you must look at the banks quite a lot. 10-years ago, it was about consolidation. now we have one regulator, that seems unlikely. will we see banks b

joining us with a preview is michael moore. he covers the finance industry at bloomberg.ave the capital to expand economic shock. r.day is all about cca what is it going to impact? >> it is the key point in the year for the bank investors. the fed gives a thumbs-up or thumbs down on the capital plan and the big thing that has been introduced over the last couple of years is what the banks have started calling the mulligan, which is when you ask for two big of a capital distribution and the fed can say no and you lower your ask without failing the stress test. you get a little bit of a do over and the fed indicated they would be punishing banks if they had to use the mulligan on multiple years. i think you will see the banks start to get a little bit more aggressive and maybe more than taking the mulligan this year as the fed tries to ascertain where it is comfortable with banks distribute in capital. mark: last time a couple of foreign banks failed. deutsche, sent in there, would itdifferent this time? >> would be interesting to see. the foreign banks have more practice w

. >> this is not michael moore. this is not mark rufalo. this is hugh hewitt. >> but he is a pundit. >> he wants hillary clinton to lose very, very much. he wrote a whole book about it. >> you know what would be a fascinating program, maybe you could be the host. >> all right. let's hear it. let's hear the pitch. >> look at all of the pundits over the last two years and what they have predicted and let's see what has happened. wouldn't that be fascinating? >> all right. fair enough. dr. ben carson, always good to see you. our best to your family. >> thank you so much. >>> hillary clinton supporters are celebrating president obama's endorsement this afternoon but will it be enough to convince bernie sanders supporters? those who think the system is rigged. >>> and then, a single letter changing the conversation across the country and now even vice president biden weighing in on the stanford rape case sentencing. see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious.

michael moore joins us on set in london. hit hard.ks are peripheral banks in london hit hard. , but the system is functioning. michael: it is functioning. you do not see the bank runs that were feared. 20% isny percent -- down not as bad as this morning, but it is a significant move. stanley, willan they or won't they move? we had a conversation with morgan stanley who said the move would potentially the to dublin or frankfurt. it has not been triggered. only from that point it will take 2 years. i wondered from the conversations you had, how do they handle the uncertainty between now and 20 negotiations begin? michael: you have heard from every ceo that has come out that the devil is in the details. wait and see. they want to see what passport ng looks like. what equivalent look like. can they avoid the cost of moving a ton of people, or will that be a necessity in the new europe? are there workarounds? if you are in asset manager maybe you can register in dublin ?nd work in london are there ways the financial sector can figure out how to make it work for them? they are good a

. >> norway is now getting quite a lot of attention, actually featured in michael moore's new documentary. and scandanavia in general but norway in general, famous for this model prison called the open prison where people can come and go as the serve their sentences, work on the outside, have family leave and basically maintain a connection to their communities and their families, even while they're serving time. i went to the most famous open prison of them all and i think there's so much -- a lot we can learn globally... ... >> elizabeth what is your research, how can it help us going forward? >> going through the central files from kennedy to reagan, i'm asking us to understand mass incarceration as an outcome of long historical process. it's the products of sets of decisions that policy makers made and the decisions can be undone and the half century we have -- inequality has been exacerbated as well poverty and massive incarceration are at the helm of that. my book comes to terms with the shortcomings on the world of poverty in the great society and even aspects of johnson's programs

thank you very much, michael moore. i want to draw people's attention to what i'm seeing.versus the offshore chinese currency. fewg move over the last moments. i'm still trying to nail down exactly what is happening. sense of the scale of that move. of thegetting an idea scale of the move we have seen this morning. it looks like we are seeing the chinese -- there is a weakening of the chinese currency taking place as we speak. i want to wrap things up with a couple of quick questions. first of all, currency wars back on? >> i agree. that is not surprising. it is a good condition for china to do that. they don't want to be pulled down from worry. guy: will the u.k. win the currency war? of activityw a lot at 135. again, that is black swan positioning. a surprise to see some of those levels tested. into that,ing back how does it affect the u.k. economy? parts of theel,s, economies importing will not be particularly good. you have that lock in effect. significanthold u.k. exposure today with the fallen sterling i don't think they want to crystallize that. if you did to get --

you may remember in michael moore's movie "fahrenheit 9/11," there was this scene the remark war architectul wolves owe withes slurped spit through his comb before running that comb through his hair, full-on loogied the comb and put it in his hair. then a second part, he had this young staffer, he's touching him. young staffer whose job apparently was to help with the spit thing. awful paul wolfowitz slurped his own comb that wasn't enough, the staffer put his own spit on his own hand and started touching paul wolfowitz's hair and head as well. totally burned into my brain. now the trump campaign has just hired the kid who had to lick paul wolfowitz's hair. he's a real person, kevin kellums, he will be in charge of organizing donald trump supporters to go on tv. let's hope he won't be personally prepping them for each appearance. ♪ (vo) you can check on them. you can worry about them. you can even choose a car for them. (mom) honey, are you ok? (child) i'm ok. (announcer vo) love. om) we're ok. (announcer vo) it's what makes a subaru, a subaru. msame time tomorrow, fellas!? new dr. scholl'

mp.can michael: it is politically negotiated and there is a lot of wiggle room. tom: brad hintz as well. mr. moore agree to that? forget about juncker. why would. paired off -- bnp paribas? michael: they have people in london as well but it is a fair question that has been asked many times on why with the eu politicians allow the u.k., some have said in the past if you want passporting you are going to have to have flea -- free movement of labor. certainly they are at odds that the bankers did not want brexit to begin with. now that it looks like it is going to happen they want some form of passporting preserved. heard from howard davies earlier and he said he would go to the eu and say this is something the u.k. needs to keep. it is benefiting the whole region. to new york and singapore and that is something the eu probably does not want. tom: how do you think the responsiveness will be? why should they play nice to the british banks? brad: it is simple. or you want to sell your bmws in the united kingdom? from the point of view from the british economy, the financial sector is very important. to

michael moore with the latest on the stress test. peter is still with us. at the strength of the u.s. banking sector, is that something that weighs into your assessment to the u.s. growth story at the moment. are we beyond that? is we what i would say are quite negative on banks. in the u k, we do not hold any banks. reason, wee sort of would be quite negative on u.s. banks as well. we have less control over them, because outside of u.k., we invest in your party managers. about -- it is about regulatory issues. peter: people think we have had low interest rates for long time. we've only had them for what? seven years or so? act in the 30's, had low interest rates pretty much for 25 years. the only really start to rise in the early 50's -- started to rise in the early 1950's. we could be going back to manus's point. manus: that is not integrate for the banks. the estimates for a lot of bigger banks are all based on it higher rates -- based on higher rates. are we about to embark on a major period of bank consolidation you we have a bank ?ajor -- consolidatio

i don't know what michael moore's position is on firearms.ovie that pointed out some of the loopholes in the law with regard to be able to obtain firearms. the truth of the matter is there are people on both sides, there are people who believe there shouldn't be any guns in civilian hands, and there are people who believe that civilian hands should be able to get a hold of any gun they want. as i pointed out, in the heller decision, all of that was set aside. it was very specific. individuals have a right to own firearms. od.i there's a responsibility on the part of the government to regulate that to make sure dangerous people are limited in their ability to get their hands on guns. i think that is where we ought to settle, in that middle ground where yes, you have a right to own firearms, but if you are a criminal, or dangerously mentally ill, or a domestic abuser or a terrorist, then no, you should not be able to get guns. host: congressman, as you and many of our viewers know, they were for votes held in the senate on guns legislation, and

bill: michael moore, "the weekly standard" staff writer. donald trump's calculation last night was what? >> not to go off script. that's why he had the teleprompter. the's only maybe a low energy to use a phrase on a victory night when he should be waving the flag. a lot of republicans in washington and in governor's mansions are starting to worry about some of the rhetoric about judge curiel and how that will harm not just donald trump's chances but the down ballot. bill: but the strategy was to put all that behind him. >> and to exude a professionalism the senate majority leader mitch mcconnell almost begged him to do yesterday. bill: bernie sanders. what's he going to do? >> he's going to fight on to the convention. he has been mathematically eliminated for several weeks here. i think he will pushgenda as much as he can into the democratic platform and show he has a movement within the democratic party behind him and the democratic party has to accommodate that more socialist leading part of the party. if you can influence agenda and pla

you know, everyone from obviously mike tyson and boxers to george foreman and michael moore even, lionely crystal, obviously who had this relationship with him, this friendship with him after that iconic impression. billy crystal is set to speak at his memorial on friday. so that was another big celebrity. and then even prince, there are these reports that have come out, prince even talked about in an interview about how the reason he stopped cursing in his music is because of muhammad ali's influence. when they met, he called him his personal hero. there's that interesting link there. actually one of his final tweets that muhammad ali sent out was about prince when we lost prince. a deep connection there between many people in hollywood were so influenced. >> incredible to hear a superstar like prince could be in awe of someone else. and it was understandabl. "forbes" magazine is out with a list. these are names that we will definitely recognize, right in. >> yes. this is the second annual list of self-made women. america's self-made women. and of course there are many pop stars and cel

david: that is michael moore, our u.k.inance leader joining us from london. >> the end of the second quarter really flew by. julie hyman joins us now. remember in april where s&p was where we are now? a lot has happened since them. >> i found myself thinking, and if it had been a remain the vote, would we have three achieved the record for the s&p 500? we will never know. it is something to ponder here as folks out there are eating cereal. let's take a look. i am focusing on the u.s.. i will take a look at the return to globally. here we have the s&p, the dow, and the nasdaq. for the quarter, we have not gone much of anywhere. the nasdaq has underperformed. for the year to date it is the same situation with the dow and s&p a little higher and the nasdaq lower here looking at the returns. i am looking at the various groups within the s&p and how they have done quarter to date. we have tech in the bottom spot, down 4% pure it energy stocks have rebounded along with oil prices and i will switch it up and look at the year to d

michael moore from london. lettuce head over to jonathan for a check of the markets.onathon: payrolls friday. looking for 160,000 as the headline number, in line with april. this is how we trade ahead of that number. in europe, much firmer with the ftse up by .25 percent. the debate in the fx market. stronger dollar, and the fed moving in june or july, what does that mean for the chinese current? the goldman sachs moved out right negative. the yuan weaker much of today down by a couple of tenths of 1%. the concern is that you get the dollar strength, the chinese currency week this and capital flight reignites. those things feed on themselves. that will be a conversation for later today will we get the payrolls report. wti and brent, a little bit softer. 49.09 holding on strongly to the $50 handle. let us go over to abigail for a few stocks to keep an eye on. >> the top stock we are watching is valeant. they have received another notice of default for filing finance show late this year. year,the turmoil this including the change in ceo. the companyn call in default if

about ut his own funds in, not attached to any political group yet the exception to the room is michael moore, so you see this happen time and time again. stuart: it's so blatant. this is the central election commission and that debate on fox was brilliant, 24, 25 million viewers, it opened up political debate to the masses. oh, but an illegal contribution to the republicans. >> what's disturbing, if there would be government regulations or impact a news organization who is trying to have-- be able to manage their own editorial content, being able to ask the questions to these different candidates. it wasn't like they were favoring one candidate over the viewers to decide on these different candidates. so, what we find, that it's just so disturbing is the fact that you have the fec, three of the commissioners voted they violated the law and two of them said they should be penalized and the republicans saying basically, wait a second, step back here, you're too involved in the government regulation side and not allowing the editorial criteria for fox. stuart: it's back door censorship, what wo

the libertarian party because on economic issues style like freeman is fine but they sound like michael mooregistered republican but small libertarian and also abc guy. anybody but clinton. trump is the last man standing. won it fair and square and trump is going to be the one i'm going to go for. stuart: now, i've seen some brief clips in that debate over the weekend. and they were impressive. there were sharp edge, said the kind of things i like to hear. i'm a small government kind of guy. who was the most -- can you make that judgment for us? who was the most impressive? are you allowed to say that? >> well, i think the one that is more likely to get the nomination when you put it that way is gary johnson. stuart: yeah. >> he has the highest name recognition. a former republican governor. his running mate william well and chose him to be the running mate. they're the ones that are going to be the standard bearer and they're going to get 8% of the vote which is four times what they got last time and enough to make a difference in swing states. now, let me say this too. i think one of the re

. -- representative michael froman. vonnie: moore, next. ♪ ♪ david: this is "bloomberg markets."vid gura. vonnie: and i am vonnie quinn. the victorious cleveland cavaliers with sports coverage and advertisers, and the details on how significant this is, and we bring in bloomberg' is jerry smith, who covers media. so the biggest event in a decade. is that because right now you cannot buy packages? you just have the whole nba finals series? jerry: yes, the audience is huge for live sports, and the way it is right now, more and more people are watching shows on demand, and the fact that a network like abc, it has all of the nba finals, and you get this huge live audience that is good for ratings, and that also means it is good for advertising dollars, as well. david: with the series, there is a 3-1 comeback, as well. yes, such fabulous athletes, that only helps the ratings. relative to the super bowl ads, are we talking multiples? gerry: yes, i think the super bowl ads are the most expensive, but i think the final numbers for last night's game are close andbout 30 million people, th

arrest michael monroe after three riders went into his car, they say he was naked and began to argue with them. police say the man then grabbed a hatchet and started swinging it. no one was hurt. moore is charged with drunk driving and disorderly conduct. >>> good morning. i'm landon dowdy. draft kings and fan duel may be teaming up. reports say that the sports sites are in early merger talks and a deal could reduce costs as both have had to defend themselves against legal challenges and lobby for is legal. back over to you. >>> it's 5:56. the government may be helping you keep your kids well fed and healthy this summer. if your children qualify for free or reduced priced lunches during the school year, they can get those meals all summer, as well. they will be available at dozens of designated sites all run by the usda. it will serve millions of free meals at those locations all summer long. >> reporter: an outpouring of support for the victims of the orlando club massacre. as we dig deeper into the shooter's actions leading up to the gunfire. >> reporter: campaign workers out early putting out treasure si treasu fresh signs for their candidate. more coming up. >>> and tracking dev

moore. >> alicia powell. >> germ an wigins. >> ricky rawlins. >> darrel rushing. >> peter oliver. >> michael sierra. >> kerri winford. >> barry>> congratulations to all of our graduates. [ applause ] >> thank you, arcadia and thank you graduates. i would quickly like to acknowledge udo and david dalatory from the labor area here today and i have the pleasure of introducing our fearless leader the director of city build pat mulligan >> thank you. >> thanks. >> i want to thank everybody that participated in this event. it is really heartwarming after the end of 18 weeks to go through this process and i want to congratulate the class that each of the student completed the 18-week section of training but now you embark on a new career. and so the work now begins in earnest really. it is just the beginning, endure, preserver and work hard and there are opportunities and money to be had, go out and take them, you know? i want to thank all of the contractors who really looked to serve through the process and to serve this pipeline. herra balls and web corp, swenderdon and kay hill and i want to acknowledge the union trade partners.

michael keaton. keaton. >> there you go. >> that's awesome.. >> let's roll through them. >> dimitri ya gines. ya gines >> no clue. no. >> no idea. >> in strip tease.. >> demi moore. >> give us a hint. h >> very famous award for playing ray. >> come on. >> jamie foxx. fox >> there you go.. >> nicholas coppola. >> nick cage. c >> nick cage that is roll known. mark sinclair vincent. >> vin diesel. dl. >> erin got that. >> vin diesel. dl >> all right. here we go. g i will give someone $20 if you2o can guess this. maurice joseph mickle white? >> what? >> mick jagger. >> mo nick mickle white. >> he was in -- come on. >> what was he in. >> very famous british actor.ct. >> michael cane. ce >> michael caine. mic cai chris, one more.ne mor >> hur row up, kev. >> last one karen elaine johns johnson. >> whoopi goldberg. >> carlos estevez. >> charlie sheen. sen >> i think karen elaine johnsonn my favorite one whoopi goldbergr >> what would you change your name to, think about it.ut i >> i don't know. i't k probably bru i love the name bruce. >> great names.am >> that's taken you got to comet up with something that hasn'ttht been taken.. >> bruce w kill list. lis >> there we g

moore. paint like no other. find one of our 5,000 authorized retailers near you. we're here with bud light party super delegate michaela to talk about diversity. america is a nation of immigrants. we're a schmorgasbord of cultures. a korean taco of togetherness. an everything bagel of unity, each one of us a different seed. that was beautiful, amy. i thought it was also nice, yeah. yeah. we're a poutine of harmony. a gumbo of coexistance. we're a never ending, bottomless, all inclusive, super... buffet of... i can't do any more metaphors. ya know, alright. cheers cheers. i'm full. >> welcome to the viewers in the u.s., and around the world. thank you for joining us, we are following breaking news out of florida. a two-year-old is missing, who may have been taken by an alligator. martin savage has more details. martin, takes through what we know happened. >> reporter: it began, three and a half hours ago, there was a report that came in the orange county sheriff's department that oversees disney world. the report is that a two-year-old has on the beach of the seven-seas lagoon. you have florida, you can see, they are p