back to chicago at the morningstar conference.stanley, black rock getting in on this multifaceted approach. vonnie quinn is standing by with jon hale. vonnie: we were just discussing how many companies morningstar rates in terms of sustainability. jon was telling me 5000 and growing. explain the system and how it works. mutual fundsate based on their portfolio holdings. how will those company's .erformed we had 5000 companies under coverage. we use that information to roll into the portfolio level to sincee investors with a of how well their portfolio managers are addressing the sustainability issue. vonnie: our companies embracing this out of necessity? -- are companies embracing this out of necessity? jon: go back five years, maybe only 10% of the companies in the world are doing that. there's a lot of incentive out there for fund managers to companies that manage their environmental, social and governance risk and opportunities most effectively are very attractive long-run investments for fund managers. vonnie: what kind of mon

we are at the morningstar investment conference in chicago.nt to check in on the first word news and -- news. taylor: protest turned violent in france. demonstrators battled police in paris in paris and the police fired tear gas into the crowd. and 21le were injured were detained. the french senate is debating labor reforms which would make it easier for businesses to increase working hours and eliminate jobs. authorities in france are calling it another terror attack. claiming allegiance to the islamic state stabbed to police officials to death at their home. the attacker was killed after a standoff with police. they say he had been sentenced to prison three years ago in a terrorism case, but he was released after the trial. in italy, the former prime minister has undergone heart surgery. they replaced his aortic bowel. he is 79 years old. he was admitted earlier this month with a potentially fatal problem. security will be tight on thursday in france when england and wales square off in the football championship. on saturday, fans fought ins

at the live from chicago morningstar investment conference, i am vonnie quinn. i am mark barton in london. it's get to bloomberg first word. emma chandra is in the newsroom. is a big victory for the fcc. a federal appeals court has upheld the net neutrality rules. at&t, verizon, and comcast had challenged the rules. no word if they will appeal. astests in paris demonstrators turned out by the thousands to oppose labor reforms. the cgt union promised to rally more investors -- demonstrators. they are the most vocal opponent of the president's plan to make the labor market more flexible. advisors are urging israeli prime minister benjamin netanyahu to reach an agreement with president obama on military aid. israeli officials are worried donald trump is unpredictable and hillary clinton is unreliable. israel gets $3 billion from the u.s. and they want to increase that to as much as $5 billion. one of the largest commemorations took place in orlando to remember the 49 people who were gunned down in a nightclub. global news 24 hours a day, powered by our 2400 journal

on 27, between damascus and germantown, we had a paving project, south of morningstar drive, puttingnorth of brink road, traffic is alternating one direction at a time. they should be wrapping up as well. on the rock creek traffic will alternate one direction at a time. it's a long-term project. back to you. >>> a mom-to-be not allowed to use the restroom, where she was recently refused service. >>> it is the last day ever for a small virginia to.wn ♪ they go ooh ooh. ♪ hey! ♪ they go oh-ooh-ooooh. ♪ sitting, watching, waiting, wishing. ♪ ♪ i tell you one thing, you never knew it. ♪ ♪ at the back of the bus ♪ there is so much to give, so dream big. ♪ ♪ and when they screaming get out, get out. ♪ ♪ all i wanna hear is get down, get down. ♪ ♪ yeah. ♪ and when they screaming get out, get out. ♪ ♪ all i wanna hear is get down, get down. ♪ ♪ get down, get down. >>> welcome back at 4:57. a former montgomery county court commissioner is out on aft

project going on on 27 north of brink road, putting it south of damascus into clarksburg up near morningstaralternat direction at a time, not causing a huge delay, but plan ahead if you are heading south of damascus. back to you. >>> he was entrusted with protecting children. instead, police say he caused what one elementary teacher is accused of doing to his former students. >>> the race is on to try to save a whale entangled in a net off the west coast. what we're learning about the rescue attempts about to pick up again this morning. >>> the new program hey, they'd be lucky to have you. don't be nervous mommy. you're so smart. good job. just like bunny ears. do i? really? come on! nature valley. with you every day. everywhere. with the energy you need. >>> looking live at storm team 4 radar this morning. you can see the rain is moving out of our area and off to the west -- to the east, we should stay pretty dry today. a closer look at your hour-by-hour forecast in minutes. >>> an elementary school teacher faces serious charges for what police say he did to two 11-year-old girls. john bign

and this is the morningstar. >> and this from the daily news here in new york, they have really taken place. and say, thanks, nra and blaming them for this killing machine as they call it. >> lot of discussions about gun control and radical islamic terror. >> lot of discussions about healing. the orlando centennial saying, our community will heal. > goody june 13, matt o'donnell is off, nydia han is joining us. >>> we're following overnight developments in the orlando massacre that killed 50 and wounded 53 others. dozens of bodies are being removed from the gay nightclub where the gunman sprayed bullets into the crowd early sunday morning. >>> at one point he called 911 pledging allegiance to the islamic state. investigators say omar

still ahead on bloomberg markets, we will go to the morningstar investor conference in chicago.king to the manager of the templeton global bond fund. u.s. planning for higher interest rates this year? special coverage of it here on bloomberg tv and bloomberg radio tomorrow after that meeting concludes. ♪ scarlet: let's begin with a check of the headlines on bloomberg first solar news with mark crumpton at the news desk. president obama been with a national security council and got an update against the islamic state. the president was also briefed -- he investigation president obama: we do not have any information to indicate that the killer.cted the killer took in extremist information and propaganda over the internet. to have been an angry, disturbed, unstable young man who became radicalized. mark: the white house described this as lone wolf attacks. france while law and calls this an act of terrorism. claiming allegiance to islamic state stabbed two police officials to death at their home. the attacker was killed after a three-hour standoff with police. they had a list of ot

. >>> 27 in clarksburg between damascus and germantown, brink road, near morningstar drive, there was paving project that was supposed to clear about 6:00. they just cleared, 45, 50 minutes late. the damage is done. it's going to be a painful ride from damascus this morning. crewsre county. clarksburg near lewisdale road. wires are down after a pickup truck hit a pole. >>> metro's safe track program continues next week with phase three and four. they will have an impact on those who take the blue and yellow lines. news 4 derrick ward is live now with more on the shutdowns you can expect to run into. derrick. r starting july 5th after everything is down to normal after the 4th there will be a track will be affected. franconia to the plaza will be adversely affected. they will shut down the segment from national airport to braddock road. that will be the 5th through the 11th. through the 11th and 18th, the segment between national airport and pentagon city will be shut down. crystal city station will be closed. they are going to be running 12 to 15 minutes between those segments and the

15, leesberg, t 27, montgomery county, moving between damascus, clarksburg, north of brink road, morningstar drive. we may have a problem spot near the red line, single track near the medical center. >>> part of a major road in northern virginia is back open after flash flooding overnight. molette green along richmond highway in fort bell voir now. what are you seeing? >> we're seeing all good stuff. i'm at poehick. the flooding receding. the debris picked up. we were here at 4:35 this morning when police reopened this stretch. we're also at the tullygate at things moving along. overnight flooding all resolved now. back to normal. the roads are still a little bit wet, of course, and slick, but no signs of trouble that brought police out here toward the night. that's the latest live from fairfax county. >>> prince george's county police are searching for the man you see in this surveillance video. they say he's the murder suspect who shot five people in district heights and got away. three of those people who were shot inside the home died on friday and police are asking for the public's help

again look at itself and, take this as a warning that they may need to act -- david: ambassador "morningstar we have to leave it at that. eu i hope got the message, pull back on the regs. melissa. melissa: shares of macy's getting a boost after ceo terry lundgren will step down next year and current president jeff gannett will take his place. the retail chain is struggling to adapt to changing consumer habits. the stock is down more than 53% from this time last year. david: wow, that is a big drop. >>> "the donald" is short on campaign cash but will not stop the gop candidate from promoting a new trump golf course in scotland. melissa: latest allegations in the hillary clinton email scandal. how the former secretary of state put her own interests above national security. >> hillary clinton, and as you know, she, most people know, she's a world-class liar. just look at her pathetic email server statements. you can fly across welcome town in minutes16, or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in le

bill nygren, a deep value investors with oakmark fund and one of morningstar's ultimate stock pickers. firm yaoverseas more than $100 billion in assets and joins us from chicago. thank you for joining us on the show. >> thank you for having me where do you see value now? what is happening in the market from a value perspective? >> we see value in basically the same places we saw value on thursday before the vote. we think bonds are expensive relative to stocks. we think bond proxies in the stock market are expensive relative to other businesses. we think non-u.s. based income streams are cheap relative to u.s. based income stream, that's regardless whether the company is head were quartered in the u.s. or outside. we had a pretty good quarter going through thursday and the past two days the names we thought were cheap got a lot cheaper. to me that means the opportunity isn't so much for us to change our portfolio, but it's for our investors to rebalance, after big market moves, we always encourage investors to revisit their asset allocations, and someone who is at the long-term asset

morningstar has this entire scandal costing $55 billion. isn't that a phenomenal amount?at something we can see happening to vw? >> that would be a high amount. what the other guests have said is that the european regulators have taken a softer stance toward volkswagen than they have in the u.s. the u.s. has been turning the screws on volkswagen. in europe, they have been pretty soft. they basically have to update the software in certain cases, at a new pipe to regulate airflow. that is basically what they have gotten away with. in the u.s., the reason they are being hit with such numbers is because the regulators want these cars off the road. saidu regulators have these cars are ok, they are fine. you can fix them. in the u.s., they said there is no agreement to fix the cars. that is why it is so much more onerous in the u.s.. that is why they have to come up with a big number to entice owners to get cars off the road. they want to give them back to volkswagen. that is the difference between the two jurisdictions. will wrap up the conversation. michael, i want to wrap th

thyra zerhusen from the morningstar conference. >>> still to come, breaking commis news. retail sales and import/export prices coming up in nine minutes' time. numbers and market reaction straight ahead. stick around. "squawk box" will be right back. it t can a toothpaste do everything well? this clean was like - pow. it felt like i had just gone to the dentist. my teeth are glowing. they are so white. 6x cleaning*, 6x whiteningá in the certain spots that i get very sensitive... ...i really notice a difference. and at two weeks superior sensitivity relief to sensodyne i actually really like the two steps! step 1 cleans and relieves sensitivity, step 2 whitens. it's the whole package. no one's done this. crest - healthy, beautiful smiles for life. . >>> welcome back, everybody. our guest host this morning is kissinger associates vice chair and co-ceo joshua cooper ramo. he has a new book out. it's called "the seventh sense." we've been talking about it this morning. we have touched on a lot of topics from the book. let's talk about

for active managers on balance to start outperforming asset strategies weather is dow jones or morningstars show that active underperformance passive by a wide margin. >> i think the market is speaking. money is moving today from active managers to passive managers. it is darwinian. the size and structure and balance of these markets is going to be driven by whether or not active management steps up to the challenge and starts producing the terms. to do that, the active managers need to enforce capacity constraints on their businesses and turn to higher conviction management and when they do that, you will see the constraints on the portfolios and you'll see the performance and the darwinian movement will change. alix: that was peter krause. he was being exclusively on bloomberg go. coming up, an exclusive interview with the general motors global product chief and says why gm invested half $1 billion in the ridesharing company lyft. ♪ alix: you are watching bloomberg markets. scarlet: let's go to the markets desk with julie hyman. this one got a pop. soda stream is the company we are talki

you are the prince of peace, the rose of sharon, the lily of the valley and the bright and morningstar. you are the fairest of 10,000. you are the great creator god. alpha and omega, beginning and end, first and last. your name is redeemer and the lord, the way, the truth, and light. bread of life, author and finisher of our faith. we know no greater judgment could befall a nation than for it to be deserted by god. left to be the play thing of malignant forces. speak to us oh great jehovah. we know a sparrow does not fall without your notice and we know that a nation cannot rise without your aid. the name of jeshua, jesus safes, emanuel, god with us -- jesus saves, emanuel, god with us, amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces his approval thereof. pursuant to clause 1 of rule 1, the journal stands approved. >> mr. speaker, pursuant to clause 1 of rule 1, i demand a vote on agreeing to the speaker's approval of the journal. the speaker pro tempore: the question is on agreeing to the speaker's approval of the journal.