michelle meyer, senior u.s.at bank of america-merrill lynch. >> dollars-jan, rubel improving as well. it is bloomberg "surveillance." , good morning. ♪ . . >> this is "bloomberg surveillance." whether protesters or violent criminals overnight, unrest continues in ferguson. police clash with about 50 demonstrators. now with a correction, we speak with a reinvigorated bull. i am all in cash. th4e quietballmer, guy, he is revving up the l.a. clippers. our trish regan speaks with steve balmer. good morning, everyone. "bloomberg surveillance." it is tuesday, august 19. our guest host for the hour, adam parker at morgan stanley. >> overnight, u.k. inflation declined more than forecast, it had been 1.9%. below, we will get our own read on inflation here in the u.s. at 8:30 with the cpi. it is also excited to decline, though not as much with about 2.1% last month, now we are looking for about 1.9%. building permits also coming out. earnings before the bell, we learned home depot came out ahead of the estimates. meanwhil

michelle meyer will join us from bank of america. she has been prescient about the housing economy. her about the limitations and options the janet yellen has as the chair travels to wyoming. a lot is going on. we will go to ferguson, missouri after another very difficult evening and night of unrest in that st. louis suburb. >> here is a quote i did not know was shakespeare. neither a borrower know a lender be. let's talk about banking. let's go back to austria where jonathan ferro is standing by in salzburg. he has a bloomberg exclusive interview for us. >> thank you very much. it is starting to develop into a beautiful morning. there is a very laid back feel to what is happening here. i have douglas flint. thank you very much for joining us. financial stability is a big issue. as of everybody is talking about. we're seeing more stress tests and regulations coming from various geographies. are banks starting to get overwhelmed? what are the unintended consequences? >> i think this is an important dimension. we've now got capital looking at risk and looking at leverage. this is addi

let's bring in michelle meyer with bank of america/merrill lynch and stuart freeman with wells fargo , you were expecting more today, right? >> we were. we were looking for 250,000 for nonfarm payroll. so it's a little bit disappointing relative to our forecast. but i think it's important to take a step back and think about the trend in the economy. the three-month moving average is running at 245,000 for jobs. the unemployment rate did tick up. but it was, as steve mentioned before, largely due to an expanding labor force. so i would say the growth data we've seen, the ism numbers that came out this number, is still consistent with an improving economy, about 3% growth. however, we're not in the environment yet where inflation is really accelerating. and certainly not to the point where it's going to get the fed to want to see higher interest rates. the fed will remain accommodative. the data is consistent with that. >> it doesn't change the trajectory of rates which had everybody having a fit almost in the market yesterday. you could blame a number of factors but that certainly was

meyers." tonight -- keri russell. kevin millar and sean casey. comedian michelle wolf. aturing 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 is

meyers. this is "late night." how is everyone doing tonight? [ cheers and applause ] are we well? that's great. are there any -- i'm gonna start it right away. are there any michelles here? [ cheers and applause ] well, today, michelle obama told the u.s.-africa leaders summit that women are smarter than men. [ cheers and applause ] and i'm like, "nice try, michelle. it's women is smarter than men." [ laughter and applause ] this is interesting. bill and hillary clinton have rented an $18 million house called "the belle estates" in the hamptons for the final week of august. hillary says it's just until the new house is ready in 2016. [ laughter ] [ cheers and applause ] some good news, this is good news. a man detained in new york for having ebola-like symptoms has tested negative for the disease. tested negative for the disease. [ cheers and applause ] that's the good news. the bad news, there's another disease with ebola-like symptoms. [ laughter ] good news. you don't have ebola. bad news, you have all the stuff. [ light laughter ] you have all the stuff that comes with ebola. but you don't have as good of a story. [ light laughter ] if you have ebola, you can