eastern today, bank of america chairman chief executive brian monahan -- ryan monahan -- brian mon iyhanin new york, 5:00 p.m. in london, and 5:00 a.m. in hong kong. i'm vonnie quinn, this is bloomberg. ♪ from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following at this hour. tropical storm harvey making a second landfall in luisi -- louisiana. as the gulf coast continues to impact. with harvey's the latest from congressman the ground in texas. and part of our interview with warren buffett. the berkshire hathaway chairman a huge as he locks and investment in bank of america. and bloomberg's scoop on apple's grand plans for the upcoming iphone. will bidding the home button ditching the home button lead to a wave of new sale or scare customers away? let's start with a check on bloomberg first word news, with

monahan com am thing mapped not pledged to happen tied in through. all different disease is a man. in a data book where on his ability. that's what i've been. through is what i know and if you can live to see it. my daughter's father passed on. twenty third of last year. they can hate me and be. back to me in this thing oh my. dad a liver cancer. in his race. it is this indenting now i know in a better place he suffered. quite some time. now for me to do and to. live together fourteen year old. men living in the poorest part of a life expectancy of fifty four. in india three quarters of the population live on two dollars a day or less. knowing plans if some two don't miss a day or less and yet many in the poorest part of glasgow have life expectancy this is shorter than the average in india. and i thought. that's it that's going to explain it being relatively disadvantaged has profound consequences which determined high rates of suicide violent tate's alcohol disease. so this is but i had my folks. drink the doors. was afraid. of him then what was it was all a ball of old west man

. >> have a look at this video here shot in cape may by steven monahan, shore towns are specially toneevents, like the one we saw yesterday. a reminder, of course, if you encounter flooding, turn around, and just do not drive-thru it. >>> now, same weather system that brought us rain and flooding, may have produced a tornado in saulsbury, maryland >> take a look, surround vale valance video shows strong winds at topper's top house. one car barrels towards the street. see it there? cars in a local shopping sent were left stacked on top of each other. one building collapsed. newell russ reports every downed trees, wires, residents in the path of the storm describe their terrifying experience. >> the winds kick up. we saw the glass shattering on the billing, awnings were like almost ready to lift. >> look up, trees are like almost touching the grounds, the winds so strong. >> heard what sounded like freight train above the store. it sounded like bulls running across the roof. >> and, the national weather service won't confirm today whether it was in fact a tornado that touched down. >> so

this is video from steven monahan. shore towns of course specially prone to flooding, when it rains this heavy, and we do say it a lot but worth repeating, the crews want you to remember, turn around, do not drown. do not drive-thru it. >> and the national weather service will confirm today if the same weather system that brought us rain, and flooding, caused a tornado in saulsbury, maryland. surveillance video shows the storm flipped a car outside of a bar. the storm also damaged buildings, topped utility -- toppled utility polls. they also think it is the work after twister. >> i heard what sounded like a freight train above the store, sounded like bulls running across the roof. >> his car got pick up. it was the one in the middle ment like it flew over and landed in the road. >> despite, look at that, despite all of that damage, no one was hurt. incredible. >> and the time is now 4:44 here. >> and katie is here with another check of the forecast, katie seemed for me, all day was a downpour. >> pretty much. we had a

. >> bob monahan, the ceo of uppababy, one of the big decisions.aby, bugaboo, could go either way. >>> samsung is unveiling their latest 8 phone in new york city. we'll take aook en lwh we come back on "squawk. the dow is down 84 most american homeowners would be shocked if they knew just how rich they were. the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home. with a home equity loan, you can pull cash out of your house for anything you need- home improvement, college tuition, even finally getting out of credit card debt. come to lendingtree.com to shop and compare home equity loans right now. because at lendingtree, when banks compete, you win. >>> samsung is holding a massive event today. let's go to seema mody >> reporter: the dual-lens is being unveiled with samsung in the launch of the galaxy 8 two 12-megapixels on the back of the phone. this increases the picture on the phone, especially in dart-lit settings. and the overall functio

monahan -- brian moynihan, bank of america chairman and ceo. ♪ alix: president trump added on twitter been paying north korea extortion money for 25 years. talking is not the answer." joining us is marty shanker. change the conversation ordered president trump change that conversation? >> i do not think he really has. maybe talking is not the answer, but i do not think tweeting is either. he has obviously looked at all the options that the military has given him. of talking is not the answer, there is only sanctions and military action, and the latter, as we all know, could lead to a disaster of biblical proportions. he has change the narrative for there wasinutes, but some feeling of normalization in the days ahead of this tweet, and it is looking like the markets are going back to that, so i do not think it is changing. alix: yesterday, the white house official response to north korea and the missile that flew over japan was very measured. and then you get the tweets. how do we understand that? >> i think you have to understand it, and we and others have written about this -- genera

pat monahan, said it was the had seen ted act he the senate do.i don't know if we can get back years , that is only 30 ago that, is not the bowler war that, is my optimistic side, but might be possible. >> thank you. think, how we doing on time, fw guys? what do we have? one minute. one minute. >> hey, before you get up and didn't get to e everybody's questions here, but i'm glad you are lining up and go, i you get up and think you need a great round of panel.e for our [applause] >> and -- hold on. you go, i love when panel come in here and talk to high adults, not ts as it, scending, the panel they were -- have a nice day. >> annual conference is going on this week in atlanta, live coverage on c-span picks up at 1 p.m. eastern with discussion on how to promote progressive alues with wisconsin democrat mark pocan, and democrat ro conam. congressman keith ellison leading discussion on can win back es political power through grassroots efforts and democrats have lost 1000 elections since for mr. ellison ran democratic national committee perez.losing