." >> reporter: they live in this two-bedroom ranch in a cul-de-sac on moody street, where christmas had come early. baby sydney is born, the daughter shelby had always wanted. >> carried her everywhere, wanted to be with her, regretted really having to go to work. she missed her so much. and she just was in love with sydney. >> she wanted to be married. she wanted a family, that was her whole goal in life. >> reporter: shelby has met that goal and surpassed it. while building a family, she is also building a career. >> asheville's mix 96.5. >> reporter: as a business manager at 96.5 asheville radio group. >> good morning, it's tammy and dex. >> reporter: what was she like as a business manager? >> she was very professional. and she could be stern. she didn't take slack from anybody. she was a very strong person. >> reporter: shelby's parents, jan and bill sprowls, say she's been that way since she was in diapers. >> you knew she was in the room. >> reporter: a force of nature. >> yes, absolutely. >> reporter: shelby liked to be in charge. here she is leading the singing at her own b

kate moody joins us in the east -- -- in the studio. we will stay with our top story the earthquake in nepal. it is too early to estimate the extent of the damage, but it will set the struggling economy back considerably. >> we cannot put any sort of figure on this yet. they paul is one of asia's -- nepal is one of asia's poorest countries, with a dose -- with a gross domestic congress -- with a gross domestic product smaller than any one of the 50 united states. nepal's economic growth had already slowed before the tragedy. >> nepal's devastating earthquakes have caused immense damage to the country's infrastructure. the human toll is being counted but it is clear rebuilding efforts will put a huge strain on eight already slowly recovering economy. agriculture used to be the main source of income for the population, but in recent decades, that shrunk to around 33% of total gdp. the industry only survive -- only provides 13%. a majority relies on services. the tourism industry, which makes it up a percent of gdp employing 7% of the coun

and s&p 500 have firmed our bond rating for moody's i didn't see and double a from s&p 500 that is a testament to management over the last few years because of the drought as well as the recent vicarious ability to say not to affirm our strong bond ratings in order to chief those results it took a lot of effort investor outreach with the local level by primarily to the constitutional investors those are the folks that buy the bond in big chunks there were a lot of people involved in the effort at the puc and water enterprise i want to give a shout out to steve richie it joined me in new york had one-on-one meetings are the bond experts and made a presentation to the bond spent as a result, the next day orders over one billion dollars that allowed us to go back to the underwriter with that kind of demand to jp morgan i mentioned vanguard one of the largest mature bond funds in the country they were at the presentation with steve and i put in one hundred and $29 million of orders very, very effective outreach so again, it was a successful effort and we're pleased with the results if yo

kate moody joins me. we will start with a series of setbacks for the premise her.ate: it is a little more optimistic than you might expect given the situation that he finds himself in. remember, last week, negotiations in latvia to find a solution to greece's baylor problem failed to produce results. the two sides on meet face-to-face in brussels on wednesday. prime minister alexis tsipras was upbeat while speaking to greek television overnight in his first major tv interview since he elected in january. he said he expects a deal by may 9 before the scheduled payment of 750 million euros due to the imf. take a listen. prime minister tsipras: i believe we are close to a deal. i believe if no one wants to undermine or to pedal the negotiation, we are close to an excepted package. now that we have reached the final stretch, we have found that we need to reshuffle team because we need to have full control and be as efficient as possible. we are at a critical stage, the final stage. kate: that re-shuffle he referred to appears to be reducing the parents of outspoken fin

chris moody, thank you so much. good to talk with you. and good to see the response there from your time in the simulator. >> thank you. >> see ya, chris. >>> fast cars, oh, yeah. big explosions. how "fast and furious 7" is ramping up for one of hollywood's biggest april opening weekends ever. i've had moderate to severe plaque psoriasis most my life. but that hasn't stopped me from modeling. my doctor told me about stelara®. it helps keep my skin clearer. with only 4 doses a year after 2 starter doses... ... stelara® helps me be in season. stelara® may lower your ability to fight infections and increase your risk of infections. some serious infections require hospitalization. before starting stelara®... ...your doctor should test for tuberculosis. stelara® may increase your risk of cancer. always tell your doctor if you have any sign of infection, have had cancer, or if you develop any new skin growths. do not take stelara® if you are allergic to stelara® or any of its ingredients. alert your doctor of new or worsening problems including

. >>> moody investment serve haves has downgraded the garden state's credit rating. that, moodies calls jersey a sound investment. >>> a private school in princeton is singing a sour note. the american boy's choir school is singing beautiful music but it is desperately trying to survive. nora muchanic finds the problem is money. >> reporter: the voices at the students of the american boy choir school in princeton may sound sweet but their finances are hitting a sour note. they have declared bankruptcy unless they can raise $350,000 to keep the school going the private school will be forced to end the school year a month early. >> we don't have a large bank account or large endowment waiting to help us, we depend on our supporters and people who love music. >> reporter: school officials have appealed to benefactors to contribute and some students have thought about asking taylor swift to help. >> i would like her to help, why, because our school needs their help to survive. >> reporter: other students have suggested asking billionaire bill gate. >> bill gate is a rich

. >>> moody's has downgraded new jersey's credit rating for pensions costs in the garden state. the governor and the legislature have sparred over the incident. despite the rating moody's calls new jersey a sound investment. >>> best of class at temple took place at temple university. we invite you to join us for the best of the class with your host matt o'donnell and tamala edwards. >>> a crane will demolish an iconic building in philadelphia. the philadelphia international records building damaged by fire is expected to meet the wrecking ball at 11:00 a.m. song writers kenny gamble and leon huff brought in patty labelle and other legendary performers. the property is being turned into a luxurious hotel and condominium. >>> meet a woman on a personal disorder that affects millions. >>> passengers are left sitting on a plane for several hours. >> reporter: meteorologist david murphy has the exclusive accuweather seven-day forecast "action news" saturday morning continues in just a moment. your buddy ron once said he could install your ceiling fan. he couldn't. and that one time

what moody is finding is it is harder to change. states, the upper house of parliament is not in his control. one can be moderately optimistic but in the long run, you have to be impressed by the bottom-up power of india. it does not have the great infrastructure, but it has great companies. it is because the human capital is very strong and ultimately, you have to figure that will make a big difference. charlie: do believe that we will -- that it will outpace china? fareed: a lot of my indian friends think that. china's economy is four times the size of india's. charlie: at 7.4. fareed: india is 2 trillion. it is still growing. you do the math. the lines don't cross. it would take a catastrophe in china. charlie: it is a democracy. down the road, it may have more potential. you are saying notwithstanding the math is against it. fareed: at this point, you would have to have miracles take place. being the second-fastest growing large economy in the world is not bad. remember the amount of economic activity unleashing when you're talk

you go to where your people are. >> all right, chris moody, thank you very much. clinton signing a lease in brooklyn, supposedly to be her campaign headquarters for 2016. stay tuned. >> doctors telling the pope to cut carbs. does he really have a pasta problem? >> reporter: nobody likes being told to put down their fork. imagine how the pope felt when his doctor said -- >> lay off the pasta. >> reportedly doctors told pope francis to eat less pasta and get more exercise. since he became pope he's grown more than in just stature but also in size. he got some non-medical advice from a spaghetti eating cardinal dolan on the "today" show. >> holy father, you said you always listen to your cardinals. listen to. get a new doctor. >> reporter: it's reported the doctors doctors wanted him to eat pasta just two days a week. is it okay for him it eat pizza from his pope mobile? he's been immortalized in cake in chocolate. who knew chocolate can look so slimming. the pope is known to suffer from back pain and sciatica. unofficially we hear the pope's doctors denied speaking

time now for business news with kate moody. you are going to start talking about note.hey can now produce as much milk as they want. reporter: many major producers of the industry say these restrictions have prevented them from exploiting export opportunities. the could be falling prices and oversupply. mark thompson explains. reporter: a symbol of solidarity. farmers from 16 countries hold a fiery protest outside the european parliament. the spark, the decision to lift milk quotas in the eu. >> milk prices are falling sharply and we cannot stabilize. we are living off what we set aside. the farmers are in debt and cannot pay their bills anymore. their only hope is that other farmers give up. reporter: farmers will be able to choose themselves how much milk to produce. they could dictate supply and demand. she has increased her stock from 50 to 60 cows. she knows it is a dangerous mood. >> price fluctuations could be deadly for bottom line and we could be forced to stop production. reporter: milk production in france is expected to increase by 12% over the next five yea

we have our guest, an author of "moody bitches," and thank you for joining us. >> thanks for having memy mind and i know you are coming from a good place, and your article goes into the myth that women are controlled by biology, and we are not. >> women do have hormonal fluctuations and post menopausal women, it's a time for a lot of women when they emerge from the cacoon of accommodating other people and they really come into their own. and hillary is primed for the third act of her life and it's a time for authenticity and retkaedefineing herself, and it's a position of strength for women. >> why not talk about jeb bush's flagging libido because he is 62? >> i will. i am doing a piece on men and testosterone and i will come on and talk to you again. "moody bitches" is not a matter of being controlled by our hormones, and knowledge is power, and knowing where you are whether you are premental or-- >> a lot of women are trying to escape the comments of oh, wow, she is pms'ing don't let her by that red button. >> yeah and i would ask you to tell your friends to please read the book and

moody's chief economist john lonski.agree with what's becoming conventional wisdom that we'll wait until september? john: i very much do. it may not be until december if the fed moves. gerri: all right. how much will it be when they finally get around to it? a quarter point? john: my guess, by the end of this year the federal fund rate target will be no bigger than a percentage of a rate hike. that will be some relief for the small saver that has been punished so severely ever since zero interest rate policy first took affect. december 2008. gerri: well, you make a very good point on that. we've been talking about this on this show for some time. savers for six and a half years. there's nothing you can do. right? >> that's right. unfortunately, you know a lot of these small savers have perhaps felt compelled to move out of safe savings accounts insurance savings accounts, into equities that are not insured. of course they're taking on a good deal of price risk, that they don't fully appreciate. just to get that dividend

moody also his family. he has several college-age students. has another son who is 16 years old and is a junior in high school, and his brother told me about the way in which this has affected his brother at a very vulnerable time, six years old, to have his father disappear. 60-year-old man, highly educated, now consigned to a cage for the next three years for literally having done nothing other than try to save his family from starvation, starvation that occurred because of the same government that just prosecuted him for doing that. this is the kind of story that if you go into muslim communities in the united states you will hear over and again. it's the sort of thing you can become angry about if you think about it or read about it without the human connection. it takes on a different dimension when you realize these are all human beings whose wives have ashlock said been destroyed in the family members continue to suffer. it's not just meeting the aims of these injustices that makes my going around so valuable but also the people who are

moderator: what's moody says -- it is a projection of the future. mr.manuel: and how we got to this mess -- was it overnight? i want to end of the dual taxation of chicago taxpayers. moderator: commissioner. mr. garcia: there is a long history of financial mismanagement related to rahm emanuel. freddie mac was part of it. you can say i accused him of bringing out the great recession, but he was a rubberstamp on the board approving many decisions -- moderator: we were talking about bond ratings. you mentioned moody's. mr. garcia: they also did the most recent downgrading. he promised four years ago to fix finances and now he seeks to highlight a vote i took to deal with education and health care with a $30 billion budget. he claims that i ushered in the era of pension fund being out of whack. that is crazy. that is like me blaming him personally for the recession. moderator: he does. mr. garcia: he said he would put the fiscal house in order and four years later we are in a much worse situation. chicago finances are among the worst in the country. mr. em

let's ask oliver moody from the sports desk. what do you take of it? is this a man trying to dig in the goldmine. >> it is hard to say. you look at his press conference and the stuff he said, he was very vague. saying things like he had not been in contact with a club yet. he had not planned to take a sabbatical, but that it might happen and he might take a break from football. very guarded, very open to anything. >> very available. >> available to anyone looking for a coach. >> so very popular, very successful, very loved. the 2014 season has been rough but tell us about the legacy. >> it has been rough, they are intent which is far lower than they have been in the last five years, but that is not that -- what fans remember. they will remember him winning trophies with exciting football. they will remember him bringing through players as well. he didn't buy these big-name players but he made them. unknowns until klopp turned them into big players. they will remember the glory he brought back. it has been a bad season and i think the fact that the dort

it presich take precipitated a down grade in moody's and standard & poor's. with kansas at the precipice brownback ultimately had to back down and propose a tax increase. norquist was outraged and in an open letter to the kansas legislature he urged state legislators to oppose governor brownback's proposal. but one thing had become crystal clear, the grad plan was a complete failure in kansas. perhaps no one person epitomizes the movement than grover norquist, came up with a taxpayer protection pledge, a promise to oppose any tax increase. it has arguably become one of the most influential american documents of the 20th century. most republicans in the current congress have taken the pledge not to raise taxation. it has made -- raise taxes. t has made norquist one of the most powerful not elected persons in washington. but contributed to gridlock in washington and more republicans have distanced themselves from him. just listen to what house speaker john boehner said about florquist. >> not that i'm talking about some random person in america. >> brownbacks o

just this morning, the credit rating agency moody's revised the rating to positive.ether international elements predicted india is the fastest-growing economy by 2030. prime minister modi's main concern is the people entering the workforce over the next decade. he has to create jobs for them. he will be pushing his flagship policies "make an india" policy, and create hundreds of thousands of jobs. anything to do with jobs and economic ties will be very keenly watch from new delhi. molly: mandakini: gahlot reporting from new delhi. thank you for that. a man accused of plotting the 2008 mumbai attacks. 106 he six people were killed and a three-day assault on india's financial capital, and narendra modi, the trimester had condemned the possibility of balfour zaki-ur-rehman lakhvi. -- of bail for zaki-ur-rehman lakhvi. he was the head of the millicent militant group that carried out the attack. secretary-general ban ki-moon said u.n.-brokered peace talks are the best chance to restore political rule to the country of yemen. parliament of pakistan adopted a resolution cal

i'm joined by kate moody in the studio.we have seen reaction to the agreement concerning iran's nuclear future. if and when sanctions are lifted, will it opened up a new source of oil? kate: they could because lifting the sanctions was a key driver for tehran because will revenue is so important to its broader economy. adding to an oversupply market may not give him on the immediate list it is hoping for. global oil prices have plummeted by more than 50% since last summer. prices fell further on the news a deal had been reached with crude dipping 4%. a more permanent impact will not be felt for some time. reporter: iran could once again become a major player in the oil industry with 10% of the crude oil reserves iran is the fourth biggest producer behind venezuela, saudi arabia, and canada with experts going mainly to china, south korea, and turkey. resuming production could prove automatic. oil prices are slumping because of overproduction. 2 million barrels of reserve oil language each day on the market. if iran manages t

kate moody explains.ate: hundreds of foreigners lineup at the unity port trying to find a way home. a navy ship picked up indian citizens as well as dozens of pakistanis, and sri lankans trying to escape the intensifying conflict in yemen. india's government said some two dozen other countries have asked for help evacuate their own citizens who have out to do everything possible to ensure their safety. >> in yemen, the southern part is becoming slightly worse, and there is more fighting, and that is why our ships will not stock and we have to move people by smaller ports. our aim is to be able to leave. kate: the journey home continued on military planes. sleepless nights in yemen as the saudi-led bombing campaign continues. >> there is no water there is no electricity, the bombing is going on. the mountains were being bombed, the people were being bombed. kate: marie and other evacuees were able to put it behind them, but growing and maturing issues have been at by international aid agencies. the red cro

they're a little bit moody.n to the doctor and they say, doc, we need medication. is that the answer? >> it may not be the answer. it's important to pay attention to your kid because in the late teens is when a lot of psychiatric mental health diseases can come on. but a lot of times the kids are learning to use their brains and their emotion areas of their brains are actually connected up before their frontal lobes so they are running with high energy with not enough brakes. >> i'm guessing there's not a lot of kids watching this teenagers, right now, they're probably out on saturday having fun. but parents perhaps grandparents, what can you do what are the things you can do that don't involve putting your kids on meds to try to deal with things appropriately? is it better to be calmer firmer? what's answer? >> that's why i wrote this book. because a lot of books are around social psychology around this window and there's a huge amount of neuroscience that has come out. your teen is not waking up late because t

rick: there is some concern from moody's that they're putting the risk of creditors.hat the most part, this is about reducing risk for them. they see this as an opportunity to get rid of what was a volatile part of their business and really focus on the industrial businesses that will be there. alix: oil and gas in the next 15 years. like that is not risky. when you take a look at the stock kimye talk to analysts and they say the reason why ge has under performed other under industrial shares, is because they don't have the same world. what was the same kind of reaction we would see in the hedge fund world? ed: there is a huge increase in the short interest in ge stock over the last month. it has doubled or gone up more than that. the reason that is happening is because so many other stocks in this space have done well. a long short funds, you need to face some exposure. you see the interest go like that over the stocks. today, it was up almost 12%. that is a pretty nasty day if you had short interest in the stock. alix: we go from being just finance company to being

the properties were downgraded today by moody's and they have it coming up this year with the amountsh reported on the balance sheet not being enough. the bottom line is that we can expect a few more defaults. jonathan: that is for sure. they are not in the european equity markets today. the ftse 100 is pushing higher in the dax is up. i look at the bottom market in greece and the yields are higher , approaching 29%. we will talk about that a little more after the break. >> good morning. welcome back. this is on the move. the pulse is coming up and we are joined by guy johnson. someone just tweeted to me that there may be progress in greece. that is contrary and. -- contrarian. guy: it is not looking pretty. is the ecb the right way to do it? it is a risky strategy. i would say it is a contrary view. this comes to fruition and the ecb is nervous. few would argue they have the best information out there. this is a liquidity story. jonathan: it is. fiscally a liquidity story. they are running out of money. they have to find cash. you have two hours to analyze this. we will talk about t

that is according to credit rate err moody's, university of texas came in second, followed by stanford. >> and, ben and jerry's is brewing up something new. a craft beer. it is called salted carmel brownie all. sounds delicious. but it is not without controversy. consumer watchdog group says ben and jerry's shunting putting its kid friendly label on alcohol. ben and jerry's has not commented. >>> ukee natasha? >> we need to hear from ben and jerry on that one. >> little different. >> thanks, jill, we'll get back to you thanks so much. do you drive the pennsylvania turnpike? if so, state police will be catching speeders in work zones, in places where you least expect them. troopers will be sitting in construction vehicles, with their radar guns, while other troopers wait down the highway for you. drivers caught going 11 miles per hour over the speed limit, face fines of $200.15-day suspension of the license. >> a man falls on the septa tracks and a good samaritan jumps to his rescue. heroic scene all captured on tape. it happened during wednesday's rush hour at the 15th street station o

they have been downgraded by fitch and moody's. one notch above junk rating.ssue for everybody to see what's going to happen here. they have not issued since last year. not only have they not issued but because of the brazilian economy's weakness there haven't been any by brazilian corps since norv. francine: thank you so much. we'll be watching for petrobras and watching for gazprom. a completely different subject. guy: that wraps things up for "the pulse". for our u.s. viewers, "surveillance" is up next. see you in a moment. ♪ . . >> this is "bloomberg surveillance." tom: markets turn a waiting in greece's future. can they prosper with this reduced volatility? the trail of america's flash crash of may 2010. it leads to a modest home in heathrow. and collecting the ever so rare, we consider these czar's faberge eggs. good morning, everybody. this is "bloomberg surveillance." it is wednesday, february 20 second. i'm tom. i've always, olivia sterns and brendan greeley. here is olivia. olivia: $45 billion mega merger with time warner cable. six u.s. senators, le

moody's further downgrades greek debt into the risky territory. >> just on these talks.? it seems like we have shifted a gear, getting lots of headlines, a big huddle emergency talks as it were trying to get something ready for the finance ministers? >> what officials are saying is it is really the introduction and the hands-on approach by the prime minister that may mean these talks are finally serious. there is going to be another meeting today starting at the technical level. the new goal, may 3. a temporary agreement. if you have a temporary agreement on may 3, then the finance ministers could ratify it on may 11 when they need in brussels. here is what the austrian finance minister said. quite a bit of optimism coming from him. take a look at this quote. there seems to be movement in translating the bullet points into action. there is a clear recognition that we have enough on the -- that we have to have enough on the 11th to be able to keep talking. quite a bit of optimism there. last night we did hear from the finance ministry in athens, and they reiterated their

moody's has done something interesting.hrown in some other factors that actually boost the amount of wealth that these universities have. that is interesting. i do not think there is any great surprise there that they are a little richer than we thought of it what is really thing here is that they look at the growing disparity between the top 40 universities in the united states, and anybody else that they rate. and that is what they found. that is what is most troubling. that there is this growing disparity. that the wealth is increasingly concentrated among these top universities. betty: right, because they have the fundraising power. right, mike? mike: they have fundraising. yeah, they dominate. moody's pointed out that in 2014, the top four universities collected 60% of the total gift. when you look at harvard last year, they collected $1.2 billion in gifts. a record amount. clearly, they are dominating there. they also pointed out something interesting. that these universities tend to be more aggressive in the sense th

mark: ryan sweet is a senior economist at moody's analytics and he told bloomberg the housing marketill not take off until there is stronger wage growth. how long can the housing market days able while it waits for workers paychecks to rising catch up -- to rise and catch up? anika: we are beginning to see some of the wage growth occur. we must keep in mind wage growth is a lagging indicator. we will see wage follow. it is more about credit. we should see pickup. we will see an improvement in the housing market this year. we will seek gradual increases increasing in this homebuying season. mark: anika kahn joining us on the program. thank you for coming on the program. of next, another check of today's top stories and you can order just about anything online , but medical lab tests gekko the answer may surprise you. that answer when we continue in just a moment. ♪ mark: welcome back. let's get you the top stories we are following on this thursday. the largest penalty yet in the investigation of interest rate rating. u.s. and british regulatory does --regulators to play -- to order de

garcia: you mentioned moody's? you forgot to mention fitch.so did the most recent downgrading. the pattern here is that he promised four years ago to fix the finances now he seeks to highlight a vote that i took on the illinois budget that dealt with education, with health care, with a -- a $30 billion budge, and he claims that i ushered in the era of pension fund being out of whack. that's crazy. [laughter] you know that's like me blaming him personally for the recession. he's got to -- emanuel: you're right. that's my point. garcia: he said four years ago that he would put the fiscal house in order. chicago's finances are among the worst in the country. emanuel: every budget the civic federation says we are righting the ship fiscalliment -- fiscally. >> moderator: i'll get back to you. emanuel: you can attack me, but everybody knows that's a smoke screen for the fact that you lack an agenda to awe tack the problems facing the is city of chicago. and what is happening here the crisis on mentions didn't happen overnight. we inherited it, and s

moody's is downgrading them to caa2. so they are downgrading greece's bond ratings to below. us. what is your reaction to this? >> it is basically a default category, expecting perhaps the may 1 and may 15 approximate payment to not be made to the imf, so will be content is there will be an 11th hour consensus agreed upon, but it seems they are really coming up against a wall here. greece really is having a time coming up with this. alix: with this downgrade, with that affect your confidence that a deal could get done? kathryn: they are probably expecting a higher probability of default, but the fault -- alix: what is a real default for greece? kathryn: the debt servicing for greece is already extremely low. it would really hurt its financial system, even more so than it already is. i think it moves raise to come to a conclusion and find what it needs to do to continue to pay its debt. more than they have done. alix: what if greece cannot pay the pension funds, which are due at the end of the month? is that a default? kathryn: a default as a lack of payment to the imf interna

here with his outlook for the markets and the economy, moody's capital markets chief economist john lonskibig sell-off what triggered this? >> market took a one-two punch from china and greece and china, they decided to put restrictions on the use of credit when purchasing shares. that doesn't bode well for their equity market which is probably badly inflating. we have more problems with greece as to whether or not another bailout. ashley: isn't that ho-hum greece has always been a problem. >> kicking the can down the road, i suppose the germans are at wit's end, i can't help but imagine a lot of people in germany are angry about negative interest rates. that's a country that likes to say. incredible to think that right now, the 10-year german goffed bond yield is less than one-tenth of 1%. ashley: they are paying for everyone else's folly. i want to talk about oil prices coming back. the dollar, strong dollar. what has all this done for corporate earnings. >> rough corporate. corporate earnings are down for a year ago. this is going to hold true for the first three quarters of the this ye

john lonski moody's chief economist. john, i will start with you. you are the economist. what do you think of that? >> looking at beige book we have need for very low borrowing costs. we have modest growth despite federal funds -- melissa: we have need for lower borrowing cost? it is not working. >> imagine what if they were higher when what we would look at. things would be going downhill pretty quickly. look at housing. we had a stretch when we had 10-year treasury yield approaching 3%. home sales are down year-over-year because of higher mortgage sales. at least we're pet getting growth. some growth. melissa: john lonski, i love to you to death. the counter factual is bs i never let anyone say that. you can't say if we didn't have it would be worse. >> speaking of bs, departing with the winter weather john, maybe you can back me up on this, some sort of economic study about this last year, this year, oh, my gosh, the economy slowed down because of winter weather. it is winter. it snows. on the western half of the country it was pretty summery. i don't buy this winter w

moderator: what's moody says -- it is a projection of the future. mr.manuel: and how we got to this mess -- was it overnight? i want to end of the dual taxation of chicago taxpayers. moderator: commissioner. mr. garcia: there is a long history of financial mismanagement related to rahm emanuel. freddie mac was part of it. you can say i accused him of bringing out the great recession, but he was a rubberstamp on the board approving many decisions -- moderator: we were talking about bond ratings. you mentioned moody's. mr. garcia: they also did the most recent downgrading. he promised four years ago to fix finances and now he seeks to highlight a vote i took to deal with education and health care with a $30 billion budget. he claims that i ushered in the era of pension fund being out of whack. that is crazy. that is like me blaming him personally for the recession. moderator: he does. mr. garcia: he said he would put the fiscal house in order and four years later we are in a much worse situation. chicago finances are among the worst in the country. mr. em

according to new date from moody's the assets of the 40iest wealthiest colleges have increased 50% versushe schools lower down on the list. rob, the publisher at the princeton review. the author of princeton review's colleges that pay you back. >> good to be here. gerri: let's look at these private schools. >> we've heard of some. gerri: and all this money. okay. so harvard has $42 billion. stanford 31. yale. twenty-five. princeton, 21. these are the big kahunas. the schools that everyone wants to go to. how did they get this dough? >> a couple of reasons. rich schools have large endowments. not only endowments. these are assets. endowments plus liquid cash they have on hand. gerri: plus liquid cash. that's the best kind. >> that's the best kind. and there are different investment vehicles that those schools can invest into that other schools with smaller endowments cannot. they have high yields for many schools on that top list. gerri: we often talk about the cost of tuition of these schools. it can be $50,000. it's often a chunk of change. a lot of kids never pay that. >> exactly right.

. >> that was very dramatic and moody. i feel you are in a little bit of sensitive mood this evening. i understand this is a lot of pressure that's part of being an artist. you have to get out in front of people. we have to control our emotions. i know that inside you have goodheart. >> i just wanted to say that at that moment it wasn't my intention to disrespect anyone or anything. it was just me having a genuine emotion. and i couldn't help but let it out. >> well things seemed to calm down after quinton apologized saying he was just standing up for his friend. at the end of the show, wack or not it was josie cook that was sent home. i think you get to chat with joey at the end of the show. >> we do. >> here is the deal. are you team quinton or team judges? do you casino every understanded? >> i understand. he shouldn't have said sucked. >> and i understand -- i don't think he understood harry connick meant he meant the situation not the show itself. >> i agree. >> so he kind of sensed to that. >> when he walk over i was

film fans such as luke moody. >> i'm the place holder. held a place for his fiance. >> are you comfortable. i'm ready to go. >> reporter: got to the theater two hours early. the first couple tonight got dinner to go. >> i've been coming to the film festival for years. >> reporter: today the screening of the man and the machine. the latest movie about steve jobs. >> so many that didn't know him were filled with grief. i thought that's an interesting phenomenon. let me look into it and see what i find. >> reporter: he directed film on thompson and frekanomics. >> i like real stories because they're often more dramatic and strange than fiction. >> going to a film festival is totally unlike going to the movie theater. you're part of a community that's engaging with film in a different way. >> reporter: new this year will be more community involvement bringing bay area leaders and innovators into the theaters to discuss topics addressed in the film. >> you will see really at least six films that we supported directly through our programs. abou

we've got you covered, our very own tom sullivan, ted peters, former philly fed member john lonski moody's economist. first let's go to peter at fed. >> no change in rate guidance, melissa. the fed continues to say raising interest rates will depend on incoming economic data but the fed acknowledged a slowing economy over the weekend which it suggested was due to temporary factors and it predicts that growth will resume for the rest of the year. let's get to the economic fallacies. information receive since the federal open market committee met in march suggested that economic growth slowed during the winter months in part reflecting transitory factors. the pace of job gains moderated and unemployment rate remained testified did i. a range of labor market indicators suggest underutilization of labor resources was little changed, growth in household spending declined. household real incomes rose strongly partly deflecting earlier declines in energy prices an consumer sentiment remains high. business fixed investment softened and the recovery in the housing sector remains slow. exports decli

representative moody tried to stop that. he allowed the testimony to go on. however, he specifically requested that there be no duplication. a week later, i watched a live stream where he stood before the state house and said i'm voting no against this legislation and here's why. i am the chairman of the committee. i sat in committee testimony and there were very few examples of discrimination. the reason there were few examples is he did not let people testify. we are the only state in the union that has not had a ruling on our marriage equality lawsuit. it's unbelievable. it's unacceptable and this does not reflect the ideals of north dakotan citizens. >> what about the governor? jack dal ripple is in favor of doing something, yet his party, his house party fraternal brothers are saying no we're going to keep it the way it is. how do we know there's not some political scheming going on here? what about that? >> the governor tried to buy hail insurance on his car after it was already outside. he didn't gain support from the people who wanted this law fixed a

. >> we'll talk about the moody's downgrade, of course more from david's interview this morning.we come back also preorder day for the apple watch. were you awake at 3:00 a.m. eastern time ordering yours? we'll get an in-store preview under way around the globe, including apple's flagship store in new york city. we'll take you there for a live report. >>> premarket in a tight range. nice action in asia and europe in the moment. right now, "squawk on the street" live from post 9 at the nyse when we return. 73% of americans try... ...to cook healthy meals. yet up to 90% fall short in getting key nutrients from food alone. let's do more... ...add one a day 50+. complete with key nutrients we may need. plus it supports physical energy with b vitamins. one a day 50+ sflu long awaited moment for apple. previews in stores in u.s. and abroad. preorders start today. jon fortt at apple store in new york city at fifth avenue which opened at top of the hour. good morning jon. >> reporter: everybody went inside. but before the people in line for the watch went inside there was another line ov

. >> the first question is from elizabeth moody, please. elizabeth moody. >> good evening, mr. miliband. >> hello, elizabeth. >> five years ago the outgoing labor treasury minister left a message, there's no money left. how can we trust the labor party with the uk economy? >> we just saw it by the way, because -- >> david cameron had it in his pocket. >> it's his regular prop. let me directly address you, elizabeth. there was a global financial crisis. there was a high def sit. that deficit hasn't been cleared. it will be the mission of my government to cut the deficit every year and balance the books. let me tell you how i'm going to do it. first of all, we'll have fair taxes. we'll reverse david cam ro's tax cut for the richest in our society, millionaires. i can't justify a 43,000 pound tax cut for every millionaire in britain. secondly, we'll protect key areas like health and education but outside those key areas there will be falls in spending because we have to get the deficit down. the final thing concerns your living standard. we see living standards fall over this parl

but i think it's relevant to look at what both moody's and s&p have done to russia's credit rating. russia has been downgraded to junk for the first time since 2003, 2004. now the responsibility of agencies like moody's and s&p is not to react to what the oil price is today but to think about how russia's economy is being managed, what the impact of sanctions is and how that affects the russian government's ability to meet its obligations not only to foreign creditors but to its people. and so i think that if we saw higher oil prices -- and i'm not going to speculate on oil prices like you mentioned. but i think that even if we see oil prices rise, the combination of economic mismanagement and the impact of sanctions has cast the shadow on russian economic prospects that is expected to persist, and one manifestation of that is the decision of the rating agencies to designate russian debt as junk. >> thank you, mr. chair. i don't have other questions. >> senator rubio. >> thank you. thank you all for being here. secretary nuland, in your statement you outline our goal as threefold, f

what comes to mind are the 8 downgrades by fitch and moody's.en it comes to our fiscal stability, let's look at the missed pension installment that he refused to pay. he promised to pay. signed at the end of the law, doesn't want to pay that now and unemployment rate higher than our neighbors, actually higher than our neighbor states. so i don't know what else he could run on when it comes to issues in his home state. we have of course our trust fund. hooels not he's not addressing that, almost bankrupt. i don't know what he has to run on. >> has he been a job creator? >> excuse me? >> mr. johnson, has he created jobs? are there net positive jobs in new jersey on his watch? >> not that i've read no. as a matter of fact in today's paper, it said our unemployment rate at 6.5% higher than our neighbors. it's actually a bit higher. unemployment is higher that is. >> david corn, what is he running on? what is he going to say, i did this, what's he going to say? >> i don't -- every governor can come up with statistics to make it seem like their state

jon fortt in new york city, josh lip torn in palo alto and seema moody is in london.let's start with you? >> hey, carl. it's this location in london that apple has chosen to unveil its watch that is generating a lot of buzz here. this is selfridge's high-end luxury player located on oxford street that houses the top fashion brands inside the apple watch in the same vicinity as tag, rolex and carter. highlighting apple's attempt to market its wearable as a luxury device as opposed to a tech product. now, it's late afternoon in london, no line behind me, but still, several people inside mix of millennial, young professionals and a lot of apple fans that have invested in the apple ecosystem want to see if they should buy an apple watch. now over to josh lipton in palo alto. >> well, uknow, seema, apple shelled out a good chunk of change marketing this watch and it does seem to be paying off. the tech giant reportedly spent $38 million on a television campaign and, of course, we remember those ads in vogue which were meant to convey the message this product was really hip

credit rating, just downgraded by moody's two notches.chicago since 1983, actually. that to harold washington. the first african-american. much better off today. it has never been in a bigger financial hole. not pretty. >> thanks a lot. we appreciate it. speaking of politics, we have to get back to this brand paul announcement. take a listen. >> enemy is radical islam. you cannot get around it. at back not only will i name the enemy, i will do whatever it takes to defend america against these haters of mankind. charles: you see why rand paul said. a lot of people confuse the two part. i know one of the distinctions is how you approach foreign policies. he said he would do whatever it takes to defend america. >> what your competitors it sent a chill up my leg when he said that. the whole speech was outstanding he hit the right notes. the room was you like trek. it was alive. he will bring so much to this race. the republican party will not be successful in november 2016 without the people that rand paul bring to the table. charles: he is r