michelle meyer's at bank of america merrill lynch joins me in studio. welcome back.ood to see you. trend,th does not make a we all know that, but how encouraging is the latest data? >> the third month of gains. that is encouraging. we have now seen some gradual the housing market. it comes after what was a string of really week data starting last summer. existing home sales have been trending down. it started in part due to the rise in interest rates, the harsh winter weather. does not feel like -- does feel like the data has gotten better. races, so off to the a lot of challenges but encouraged by the recent data. >> you talked about the fed. what impact has the drawdown in monthly bond purchases had? >> it is a good question. we heard that from janet yellen and her testimony. and it is a point of the economy that we have obviously had extraordinarily hard from the crisis. interest rate sensitive part of the economy. one that the fed feels like perhaps they have a greater ability to influence and the fact that the data has been weakening since the middle of last yea

michelle meyer with bank of america merrill lynch.tious view than we have heard from a lot of other people recently. let's look at the forex report. quiet. sterling still elevated. scarlett? berkeley's chief economist will be the next guest. ♪ . . this is "bloomberg surveillance." >>this is "bloomberg surveillance." -- >> this is "bloomberg surveillance." >> russia prepares for communications with kiev. this bull market will surge ever higher. and u.s. authorities take on german banks. good morning, everyone. this is "bloomberg surveillance." world live from our headquarters in new york. it is tuesday, july 8, i am tom keene. joining me scarlet fu and adam johnson. our guest host for the hour, dean maki. the doctor with us this morning. >> tom, overnight, u.k. manufacturing unexpected jobs the most in three months. in japan, they posted their surpluses income form exports come up more than makes up for a weaker yen. we have a few items coming out. 7:30, small business optimism. 10:00, the job openings. we are gritting its a lot of job

tomorrow we will bring you the michelle meyer. thrilled to bring to you michelle meyer tomorrow.eryone. i am tom keene. adam johnson is here. he outdid me. he watched six world cup games this weekend. i only watched three. brendan greeley actually went to brazil. smarter than most of us. our guest host this morning, susan lyne. spencer rascoff is with us with a small blue chip stock, zillow, up up and away for zillow. the filesy news from of bloomberg west, adam johnson. wi-finish wh provider, the company says the chief officer is resigning. after admitting that he filed baked accounts for at least four years. shares have plunged on this news. one research firm says the startup -- part of anome am a investigation by the european union. the eu has already said that starbucks and apple are part of the probe. the antitrust chief says google could eventually be targeted. investigators are looking at whether the company has overly generous tax breaks from eu members. prosfy is hiring financial . spotify made a key acquisition recently and has landed a 200 million dollar credit line. t

michelle recently made at a wall street fund raiser. >> it was at the home of kansas city myers who's -- chris meyers who's after ever corp.. aid, she said that if, you know, she doesn't want to run herself because one family, according to michelle obama, should not be in the white house in perpetuity. liz: that's a swipe. >> now, that is a comment. i'm going to give you my source. there was 20 people present, mostly wall street people, lawyers involving wall street and democratic activists in manhattan. i confirmed it with someone else who was present. we should point out mr. meyers is not denying this was, this statement was made. and michelle obama has not returned our calls for comment. but i will say this, you know, also at this meeting someone asked her about the ed klein book, whether she really duds hate the clintons, whether there's a blood feud between the clintons and obamas, and apparently she denied that at this meeting. but then she backed into what i believe was a snub where she point-blank said one family should not carom the white house forever -- control the white house forever. now, you could point out hil

meyers." tonight -- keri russell. kevin millar and sean casey. comedian michelle wolf. featuring the 8g band. [ cheers and applause ] ♪ and now, here he is, seth meyers. [ cheers and applause ] ♪ >> seth: good evening. i'm seth meyers. this is "late night." how is everybody doing tonight? [ cheers and applause ] everybody's well, that's great. very exciting television news today. the 2014 emmy award nominations came out this morning and "game of thrones" leads all shows with 19 nominations. [ cheers and applause ] they were nominated for best drama, best costumes and worst job security. [ laughter ] this is really interesting. netflix got twice as many nominations this year as they did in 2013. of course, some of those are nominations from last year that just finished buffering. [ applause ] our pal donald sterling is still in the news. still in the news. this week, sterling told a los angeles judge that to keep control of the clippers, he will sue the nba until the day he dies. and by the looks of him, that day was four years ago. [ applause ] he's a ghost racist. this

michelle >> thank you so much. storm warnings are up against the east coast. we'll show you where this dangerous storm is headed with chad meyers in our hurricane center. ♪ norfolk southern what's your function? ♪ ♪ hooking up the country helping business run ♪ ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo going all around the globe. cars and parts, fuel and steel, peas and rice, hey that's nice! ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one ♪ ♪ norfolk southern how's that function? ♪ >>> our breaking news, hurricane arthur is hammering north carolina and storm warnings are up along the east coast as far as canada. let's get the latest from chad meyers. he's in the weather center. we're really getting sort of regular updates here. what are we hearing now? >> yeah, every position now updated. and even from the hurricane hunter aircraft updating the pressure as they drop a thing in it that goes all the way down to the surface and splashes into the ocean, gives us the exact pressure of the