mrs. bloomberg west -- and this is bloomberg west.back with a special roundtable of just talking about the importance of design at apple. back with us, cory johnson. i want to talk a little bit about the presentation today. who presented, who didn't present, and what it means. we heard from tim cook. nothing from johnny ive. >> phil is heading up. the two folks that did design -- iose who did the innovation. he is represented by his team. what we're are seeing is a rotation of some rush faces each year -- fresh faces each year. we are seeing people that we don't see frequently. there was a concerted effort to show it is a team effort. >> there are no stars/ ? stars. are all --othy and any contributors there is a conscious effort. t likes johnny no the stage? >> no. that is why he is on videos. you will make a short video talking about the design challenges and what it is. he tends to do a little bit of designer speak. >> today there was no video. >> they will save him for the industrial design. like a huge underused asset because he i

mr. bloomberg said the diversity of cities like london and new york is exactly why tech companies are drawndo business there. >> this is where tech wants to go. one of the reasons is the diversity of the two cities. if you're going to build products you are going to sell to the world, you have to know about the world to do have to show it to the world and ask -- about the world. you have to show it to the world and ask what do they want. >> the bloomberg technology summit was the opening of nearly 300 events around the city of london this week. now the latest on ukraine. the ukrainian president says he will propose a detailed peace plan including a cease-fire with separatist rebels in the country's east. that plan could come as early as this week. he spoke as he opened the meeting of the country's national security council. the developments in ukraine continue to have an impact on energy futures. we turn to su keenan for the latest on today's commodity reports. >> russia is now cutting off natural gas to ukraine. this is the first time shipments have been halted since the conflict began. we

mr. bloomberg will join mr.ine as a cochair on the program's advisory council. .tephanie joins me now it was like church. you could hear a pin drop. but let me tell you, this was -- >> let me tell you, this was a lucky, lucky day. i got to sit down with two leaders in their industries, two icons, mike bloomberg and lloyd blankfein. not start asin did a goldman sachs investment banker. he was a lawyer. and he worked his way up. mike bloomberg, who lost his job at allan brothers started in i.t. business with a couple of other guys. >> and then he was asked to leave. >> and that sure worked out for him. >> sure. >> the recipient of the 10,000 business award, what can this do for them? >> one of the things that i learned that the mayor sees clearly is how terrific the people all are. they are fantastic. you would think that the people we talk with today, the couple dozen that we spoke with today were from central casting. with 3500 people that we have already brought through this program, it could all be like that.

mr. bloomberg, but frequently we see therefore that france has long instant public records laws and restrictions that require us to make our police records open to a very large extent even went survivors that insert genes so while that may be a best case for some states to do that. >> how you handle public records in terms of your model, it is similar to the medical system, restricted and not restrict good supporters. on most public record request your police agency on a report worried sick down has been made that you want to keep it confidential. >> let me say first the difference between us and the military model is we are getting information for those doing investigation and that's the goal from the beginning were it's not going to somebody who is restricted and not doing investigation. i believe the permission needs to go with law enforcement. specifically when these reports are released, what we do is a huge break from traditional policing, but we can do this legally and make a different state by state. in oregon, with public records laws, that is when a case has been closed and is no longe

mr. holyfield on bloomberg television today. >> coming up, investors are piling into bonds on rising fearsomic weakness and we will discuss what it means for your returns next. ♪ >> this is "bloomberg surveillance." let's get you company news -- alibaba says it will listed shares on the new york stock exchange which is a blow to the nasdaq. the chinese company will trade eada. the symbol the nsa scandal is causing verizon a major contract as germany says it will end its contract with verizon because they are concerned about security. they were shocked when angela merkel's cell phone was tapped. findings in ag study of american internet use -- the government says that nearly 1/3 of u.s. homes don't have a web connection faster than dial-up. a sharpsays there is digital divide between households that are connected and those that are not. that is this morning's company news. >> i am so glad you did this. this is a big deal. this is a huge deal. we have all those whizbang stuff but a huge amount of americans have technology but it is dated, like 10 years old. >> they are using dial-up and it i

bloomberg "surveillance." mr.nson at the top headlines. >> a trial has begun for the ferry that sank in killed hundreds of teenagers. a separate trial will be held for the chairman of the operator. prosecutors blame a lack of sleep. to work papers, the driver of the walmart truck had not slept for 24 hours before the accident. it crashed into the back of morgan limo. in hockey, one win away from the stanley cup. winning 3-0. against the kings 3-0 lead. game read tomorrow night. those of the bottom headlines. >> we want to ruin scarlet fu's day. la kings fan is our guest host. why are they so good? >> they are good because they are the most aggressive team in the league. they are showing that on the ice every step of the way. the goalie is the best possible in the nfl. >> -- in the nhl. now 75% through the series. how incredible is that? >> this was his own series. he is from milford, connecticut. a local boy. sac state me to move the kings out of the way so they do not take the longest -- the longshots. .> i belie

. >> you can catch the full interview at 9:00 on bloomberg television. from kanye west to mrs.est -- kim kardashian has found success in the gaming world this week. sales of her game have soared. it shot to number two in the app store. congratulations, this game is huge. >> it is, it's number seven or eight first thing. >> talk about how this game came out. >> we have been working about a couple of years to get this to come to fruition. it's an incredible partnership around a proven monetizing game engine. her brand, her user base. she exceeded expectations for us. it is driving -- maybe our biggest game of the year. >> what is the gameplay? >> you were in kim's world, and she is coaching you on how to get through. but you are not all an a-list celebrity. she is helping you become more acceptable. >> kim gives advice? >> she gives advice, there is voice overs, she helps you complete tasks so you can become more successful. >> how did this come about? >> originally it was our idea, but she has been very critically involved. she's been great to work with. she has been quick with

mr. putin making headlines on bloomberg hd television. you can see it to the right side. doing a friendly comment. not sure what that means. clearly taken constructively by the markets. that pushes against what we see in iraq in the past one hour as well. >> the comments were confirmed by the spokesperson as well. basically extending gains. >> let's also be clear the back as forth we have had, look though relations were improving last friday. has the same is he currents behind him that's car that has in the living room. got it up bed bath & beyond as well. >> that is the russian flag on one side. >> those are front-page stories this morning. guest host for the hour, tony ander, equity strategist another chief executive officer at truly up. we have to start with the market guy first. the pink phone does set the standard. >> that is a breakdown. why am trying to figure out you are still holding your phone to year-to-year. they have a new thing called bluetooth. can get e-mail on your phone, too. >> talking about the market. the s&p 500 at 21 point 85. markets are on the mov

. >> all right, our bloomberg news columnist joining us from washington, al hunt. mr. thank you for your time. appreciate it could >> thank you. >> 26 minutes after the hour, time for on the markets, and matt miller is standing by. >> we want to bring you up to where stocks are trading. it could be that eric cantor news that is hurting stocks as well as the world bank revising its stance on growth. after four days of gains, and now it is off, the dow now off more than 120, the nasdaq off by about half of a percent. replacing a ceo in september with hancock, currently overseeing the property casualty insurance, taking the reins of the company that has shrunk in half since the financial crisis in 2000 eight. also, we are keeping our eyes on laxton, preparing its first sale sales.l chain blackstone was selling 90 million shares. more bottom line after this. ♪ welcome back to the second line" on of "bottom bloomberg. helping to fund investments and startups, rainbow medical seeds and grows companies that develop breakthrough medical devices. >> in the medical device area r

mr. draghi will hold a news conference. "his is bloombergsurveillance from bloomberg television. ♪ >> good morning, everyone. bloomberg "surveillance." tom keene with scarlet fu and adam johnson. here is mr. johnson with top headlines. >> some 4000 protesters marched on sÃo paulo last night. they are calling on the government to provide more low income housing. the homeless workers movement organized the march. it was carried out in a peaceful manner. house speaker john boehner -- anything but peaceful on this issue -- calling on the president to do much more to fix the department of veterans affairs. he sent a letter to the president asking him to support legislation that would give the secretary of veterans affairs more authority to fire people at the agency and give people facing delays to see doctors in ability to go elsewhere for care. and the l.a. kings take one in the stanley cup finals, defeating the rangers 3-2 in overtime. game two of the best-of-seven national hockey league series is set for june 7. and then the series moves to ne

don't trust bloomberg, mr. speaker, that's ok. we got the week here. did obama push canada into china's arms by rejecting the keystone pipeline? well, maybe you think these are all american sources and so they're all biased, mr. speaker. that's ok, mr. speaker. i have the bbc. bbc says oil spurs canada's p.m. stephen harper to visit china. "national journal," ambassador, rejection of keystone would definitely strain u.s.-canadian relations. canada's harper looks for asian countries to sell natural resources bounty. the question that we have about the keystone pipeline, mr. speaker, is not, should canada's resources be developed, the question is, when canada's resources are developed, who should benefit. should we benefit here in america or will those benefits flow overseas? well, let's find out what the american media has to say about that, mr. speaker. . i'm just starting with the american media because you know as i do that's not the end all, be all. "washington post," no bastion of conservatism. it's not a shell for the republican party. it's not ou

mr. cantor's lost and iraq. this is "bloomberg surveillance ." good morning everyone., jonathan ferro and scarlet fu. let me do a dated check. futures flat. oil with elevated earlier. still elevated. 106 on west texas. right now, 113.26. tick by tick on news, from the various fronts on iraq. ce, records complete since he moves forward. there is a new global wall street, part of our regulated future. is it a pass for fannie mae and freddie mac? do we need to be careful what we wish for as we amended move forward with these two dinosaurs? give us an update on my general knowledge of fannie mae -- how big of a dinosaur is it? >> the book that i wrote -- obviously, it was not favorable to fannie and freddie. that said, they served us well for a long time. use of portfolios could give leverage. at the end of the day, they did not praise credit correctly. do you the vehicle and he and the business to the big banks? or do you fix them? that is the battle going on in washington. fannie and freddie are not allowed to lobby. the big banks are pushing to replace them. >> the batt

bloomberg west." the fcc is growing -- is facing a growing backlash about net neutrality and fast lanes. tens of thousands of people flocked to the fcc website after mriver urged viewers to post after a 13 minute monologue in support of net neutrality. >> right. the fcc are literally inviting internet comments at this address. and i cannot believe i am about to do this, i would like to address the commenters out there directly. good evening, monsters. [laughter] maybe the moment you spent your whole life for. indeed, the fcc website went down following the speech by john oliver. more than 49,000 comments on the issue. a huge number compared that most topics have hundreds. cory johnson spoke with the former fcc chairman and ask if you ever seen a public response to fcc issues this big. theack in the day, and 1990's, we had aol, steve case was the ceo, the e-mail of 00litical lobbying, 400,0 e-mails were sent to the u.s. congress to tell them to keep the internet open. it is the same issue, many years later. hasthe power of the net grown and the chairman is getting an earful. level, i feel like i've not done a great job of explaining what this is. the

here's bloomberg, mr. speaker. president obama's views of addressing the climate change as a key part of his legacy. reuters, climate change is becoming a major legacy issue for obama. "usa today," obama clearly hopes to make this an important part of his legacy. these are all articles from the last 30 days. "chicago tribune," the president's hometown newspaper, experts rule that the rule will probably spur the growth of state-level cap and trade in the marketplace. in that sense it may be remembered as a rare moment when obama worked around opposition in congress to implement one of the top goals. "politico," if finalized next year and put in place, it would be one of obama's largest legacy achievements. "new york times," it could become one of the defining elements of mr. obama's legacy. you might be asking, congressman woodall, for pete's sake, you talk about this being an important part of legacy from reuters, "usa today," a rare success for "chicago tribune," "politico," largest political achievement in obama'

mr. guest monday. time for mystery guest clue number two. ♪ >> this is "taking stock" on bloomberg. i am pimm fox.nese e-commerce giant alibaba is set to go public later this year. they're expected to raise more than $15 billion. jack ma founded alibaba in 1999, and his partner portman erisman has recently documented this in a new movie called "crocodile in the yangtze." you have got to explain a little bit about the trajectory of your life and how you came to be connected with ali baba before we get to the movie. >> yet, sure. i went over to china in i wanted 1994. to be a part of what would be the next big thing, which is china and its growth. i happened to be there in 1999 as the internet darted to catch on. my friend introduced me to this english teacher who had just moved his company out of an apartment, and that was jack ma. he had a dream i thought i wanted to join up on, so i joined in 2000. >> at this point, there is no inkling that alibaba is going to be a $15 billion company? >> i joined it to be a part of the dream, but he was an english teacher and his cofounders working with teachers

mr. schneiderman from new york state later this afternoon here on bloomberg television. >> coming up next, the supreme court ruling onaereo suggests it's lights out for the company. what does it mean for cbs and abc and nbc? we will discuss this with david bank of rbc capital. this is "bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. ♪ >> good morning, everyone. the government of the united states shut down at 12 noon today. will be watching usa-germany and we hope you enjoy the game. this is "bloomberg surveillance." i am tom keene with scarlet so and adam johnson. there is an informed conversation on aereo. decision isme court likely to be a fatal blow to aereo which will upend the economics of television. markets managing director david bank said this is a big win for the broadcast networks and their owners and a bigger win for tv broadcasting companies. is it now business as usual for rulingsters since this was widely expected or will it embolden them to be more aggressive in pursui

bloomberg have something? was he onto something when he said we should get rid of mr. 32 here?rying to educate consumers, which is sort of part of i. but it's not the solution. it's not just about the sugary sodas. it's age, stress, a lot of us live sedentary lifestyles. >> it needs a more comprehensive approach. >> it's not just about getting rid of it. it's about education, knowledge and knowing how fatty or how sugary these drinks really are. it's about the education of it. not just saying you can't drink this and you can't do that -- no matter what they do, they'll find a way to get that soda. >> nobody wants to be told, that's true. we have to see how the court rules. today it will all come down. >>> we have a picture of president ronald reagan that has never been seen before. when and where this picture was taken and what the photographer has to say about the great communicator. >>> plus, brand-new information on a shocking story about two young girls who allegedly tried to murder their classmate, stabbing her 19 times. they were all 12 years old. police now releasing a c

bloomberg television is on the markets. jonathan ferro is standing by with details. good afternoon. >> good afternoon to you, mr. crompton.&p, the dow, the nasdaq all whooshing higher. by one 500 pushing up third of one percent, shaking off any concern in iraq, but look at the dollar. treasuries dropped the most on the back of that inflation number, north of two percent. high yields, of course, a stronger dollar, up a couple of tenths of one percent, and the dollar/yen back through 102. canon the move higher, you see this on the chart there, another couple of tenths of one percent, through $113 per barrel of crude, and clearly, the instability is pushing the rent brent certainly continues to travel north. i will be back on the markets in about 30 minutes time. mark crumpton is back in two. ♪ ♪ >> welcome back to the second half-hour of "bottom line" on bloomberg television. i am mark crumpton. thanks for staying with us. hillary clinton paying an estate -- the former first lady has become inordinately wealthy since becoming the white house. richard rubin has taken a close look at the clinton tax strategy, and he joins me

. ♪ >> from bloomberg or when -- bloomberg world headquarters in new york, i'm mark crumpton and this is "bottom line." iraqi forces fight militants as mr says his army is gaming ground. highlights of tom keene's interview with christine lagarde -- is gaining ground. the audi r8ok at sports car. viewers here in the united states and those of us joining us from around the world, welcome. we have full coverage of the

mr. obama. >> tweet us. we will be right back with more. ♪ >> good morning, everyone. "bloomberg surveillance."g businessweek" goes tech. it is a smart issue. thought-provoking. look for that. it is job stay and -- jobs day and d-day. adam johnson is our most -- has our most important story of the day. day. is national doughnut we are joined by the dunkin' donuts ceo. -- dedicatinging the next 10 minutes to their most portal customer, tom keene. [laughter] pool about how many donuts he will lead. >> how many did he eat last time? >> four, over a short period of time. you are opening stores in southern california. why so much all at once? r. i do remember the fou it is global doughnut day. a greatay, we have brand. we're expanding around the world. we're going to california. we are moving california up. heard -- thatng is exciting. .exas, germany we broke our own world record. the thing is, you are expanding in a lot of places. i know you are making a lot of money, you have been growing scales -- sales up to 20%. is there a point when you grow too fast? a lot of investors do not think we are gro

mr. paulson. alan mulally sits down with our own matt miller. it is a bloomberg exclusive. how polaroid it reinvented itself. it is not just instant cameras anymore. we will be speaking to the polaroid mc -- ceo. turcos "market makers ♪ >> will come back to "arkham makers." getting the new -- apple will make the biggest iphone jet. one of the phones will have a 5.5 inch screen. the current iphone screen is just four inches. eight tc have a big screen phone on the market wants to go. now apple is getting in the game. if you like betting on long shots, you should apply for a summer job at morgan stanley. there is a 92 one chance you will get a job. they received 90,000 applications. only 1000 people were hired. people who say that young people don't want to banks, yes they do. is askingutin lawmakers to resent approval to use military force in the ukraine. he is traveling to vienna. he will meet with european officials and broker peace talks. daysmulally has just a few left as the ceo of ford. happy with his successor. with matt miller, he said this will not be the last we he

bloomberg, as you said. these are people who understand business. who are the republicans missing here, mr. ross?also the human cost too. this would really impact a lot of different cultures across the board in this country if we don't do something? >> the report itself is indicative of the anti-science notion and trajectory of the republican party. it's scary. because it's sort of like the previous studies that show that big maces, mcdonald's big macs lead to obesity. we kind of already know this but we have to keep proving and proving up numbers that ultimately has a very unwelcoming audience. to those people who still need proof of climate change, those people no proof is going to be strong enough. as evidence ed, as you talked about this report was really great and i appreciate it. s about there's already. it spoke spek at a tifly about damage that is going to happen but there's already damage happening. for example, my father is a subsistence fisherman. there's already been a palpable and traceable change in the amount of fish, also the vulnerability to parasites and bacteria that has come a

mr wealth that was maxwell chief economist at citizen dot b.c. . and the battle to ban large sodas in new york city is finally over after former mayor michael bloomberg banned a large sugary drinks the decision was tossed out and a court challenge the city tried to appeal but today a judge ruled that you can keep on drinking your big gulps r.t. is honest you're going to has more. the battle between new york city and big sugary drinks lovers and sellers continues in full swing and the latest turn of events in this freedom of overconsumption extravaganza it's a win for the fans of the gigantic delights the state's highest court has decided that city officials have no business meddling in the sizes that people consume after all saying the city's board of health basically went way above their power when approving it and sugary drinks larger than sixteen ounces let's see who wants to celebrate about to go on the run from where we are love them you know on. their sugary they give you energy you know why not i don't really drink soda beer i have a problem i'm worried about it because i think there's a real problem with obesity in america and i think that ki

bloomberg west." apple conference keynote was a live stream worldwide. the company was really putting on a show for its developers. cory johnson and i spoke with mr.chank. and they depend on developers to fuel their business. i asked phil how important the announcements were for his company. >> i think it was the most developer centric keynote i've been to. i get really excited about this stuff. >> consumers say, what about me? >> all of the excitement about the environment and language, it is very developer centric. it will lower the learning curve. it is not what customers will see. >> do you think it will really lower the learning curve? i just heard new language. language. >> and that is all i know. >> is based on languages that developers, javascript. things people are familiar with. >> you think it happens faster and cheaper? >> that is what i expect and our guys are excited about. developing on android and they are excited. >> are you developing on android? >> we are a mobile only company. we operate on all of the major platforms. >> from your perspective, does apple still have -- >> we got a lot to back this morning. android has really mad

bloomberg has. it could be incredibly difficult on the balance sheet of b.n.p.. you see mr.ising the issue. obama countered and gave the same response he said he was going to give. let's have a listen to what obama's line is. >> my answer on the banking case is short and simple. the tradition of the united states is that the president in -- meddle in prosecutions. i do not pick up the phone and tell the attorney general how to prosecute cases that have been brought. i do not push for settlements of cases that have been brought. >> guy, that may be the u.s. tradition. the reality on the ground, at least france is there is the perception that the u.s. is ganging up on this bank. you saw the finance minister yesterday in france give an interview saying because of the angsts between b.n.p., the free trade deal between the european union and the united states is in peril. >> that is the b.n.p. paribas dispute. there is also another sore point over the potential deal of a warship that could help russia in its invasion. what is the deal on that? s these is no question, helicopter c

bloomberg surveillance." you morning to all of worldwide, i am tom keene with scarlet fu and adam johnson. mr. has our top headlines. he will not do them in spanish. >> the u.s. distancing itself from iraq's embattled prime minister maliki. the obama administration is pressing for political change that could lend a growing urgency by sunnis. ukraine's president is trying to build support for unilateral cease-fire. poroshenko says pro-russian rebels will be given a limited window to lay down their weapons and says those who have it committed serious crimes will be allowed to leave the country. one of the rebel leaders calls the cease-fire offer "nonsense." know ifors want to congressional staff members tipped off wall street traders about a change in of care policy. they have subpoenaed a house committee to testify before a grand jury according to "the wall street journal." those are the top headlines. >> let's get to our single best chart. high-speed internet because the fcc released its report yesterday -- looking at high-speed internet because the fcc released its report yesterday. dsl, veri

mr. low return -- >> i am boring. himselft wolf describes as boring but not when he joins us for conversation on bloomberg also "bloomberg on radio continues. "in the loop thos" is up next. >> good morning. it is thursday, june 12. we are live from bloomberg world headquarters. you are "in the loop." i am betty liu. don pwill be joined by eebles this hour. what does he think about the fallout from eric cantor election defeat, and why he decided not to bid for the alley clippers. here are the top headlines this morning. the co-ceo of bnp paribas is stepping down. u.s. regulators are investigating the french bank for breaking sanctions. bnp may face an historic find. letting veterans seeking care from non-v.a. providers could cost taxpayers $50 billion a year. lululemon cutting its forecast even though first-quarter profits beat estimates.

coming up on bloomberg atevision, robert nardelli 8:00 "in the loop" with betty liu. i'm sure he will have something to say about mrand milk along the way. i am tom keene with scarlet fu and adam johnson. >> i have to finish my noonday show tomorrow and then i will be out. around a minute 88 was pretty exciting. >> result mainly -- barely made it. bnp paribas plead guilty today to charges of laundering money to sanction nations like syria and iran. top-ranked banking analyst at sanford bernstein, part of the settlement may disallow dollar-based transactions. how does bnp actually operate here in the u.s.? >> it is pretty simple. you engage a correspondent bank. this would be the equivalent of original bank in the united states isn't going to have its own clearing business, it is going to deal with one of the major capital markets, one of the money center banks. the problem with that is fundamentally, you're opening up your client book to a competitor. that, many have done of these corporations that you will deal with may never come back to you at the end of it. there is the fundamental issue that they're going to f

mr. doar, i want you to expand on reducing disincentives to hiring and relocation. >> under mayor bloomberg in new york city, the mayor never made apologies for all the things he did to create jobs of all kind and to have an environment in which employers were comfortable about hiring. that includes hospitality jobs from the retail jobs, tourism jobs, health care jobs from some of which which is made out of may not of up in is high but the encouragement was always on hiring and i think there is some aspects of the affordable carrier are particularly higher at the end of latter and on businesses that they are reluctant to hire to the extent they might have given the uncertainty requirements of the program. that is very difficult for people who read welfare programs straight to help low-income people get into jobs. sometimes those jobs are discretionary hires. they may not need them or may not want to do it, but they need to have an environment for their comfortable and happy and positive about hiring people of all kinds of skills and i think we don't have enough of that in the country and th

bloomberg news. we appreciate the them as well. theer: i do want to applaud young lady from tennessee that .alled the real reason i was calling was in response to mr. romney's challenge to name anyplace where our relationship has been enhanced by the term of -- halfld think -- point to of the world population. women and young girls. also, i would have to name places where disasters have taken place. usaid has been in the forefront of recovery -- haiti, indonesia, sri lanka. even beyond that, in the political sense, i think the relationship has been well enhanced, well beyond what we faced with mr. bush, in places like asia, latin america, and africa. host: ok. who would like to take back? -- take that? guest: i think that is one of the key things that hillary clinton tried to do. when she was secretary of state, she tried to go to as many places as she possibly could. she broke records for her amount of travel. her big initiative was to try and elevate women and the poor around the world. and i think that is where she wanted her legacy to wind up. i think you will wind up seeing her talk a lot about that as she goes forward. host: back to your ear

director robert mueller was among the many speakers at bloomberg government's day-long summit on cyber security in washington, d.c. over the next half hour, mr. mueller talks about responding to cyber attacks effectively to mitigate damages. >> i'd like to welcome to the stage robert mueller, the former director of the fbi. he's currently a partner at wilmer hale be a, and we're goi talk about what businesses can do when they recognize a cyber threat and the measures that they should put in place. please, welcome, bob. [ applause ] >> you've had the opportunity to listen to a few panels this morning and the discussion with the admiral. what is your biggest -- >> when are we going to get to cyber security? [ applause ] >> you know, just for you i'm going to start there. what is the biggest issue facing corporate america right now when it comes to cyber security? what's the biggest -- >> a lack of understanding of the area, the issues, and a policy or a practice generally of ceos and top management to delegate problems, and not recognizing the depth of the challenging and how swiftly a cyber attack can cut your reputation down. and not anticip

bloomberg news. we appreciate the them as well. theer: i do want to applaud young lady from tennessee that .alled the real reason i was calling was in response to mr. romney's challenge to name anyplace where our relationship has been enhanced by the term of -- halfld think -- point to of the world population. women and young girls. also, i would have to name places where disasters have taken place. usaid has been in the forefront of recovery -- haiti, indonesia, sri lanka. even beyond that, in the political sense, i think the relationship has been well enhanced, well beyond what we faced with mr. bush, in places like asia, latin america, and africa. host: ok. who would like to take back? -- take that? guest: i think that is one of the key things that hillary clinton tried to do. when she was secretary of state, she tried to go to as many places as she possibly could. she broke records for her amount of travel. her big initiative was to try and elevate women and the poor around the world. and i think that is where she wanted her legacy to wind up. i think you will wind up seeing her talk a lot about that as she goes forward. host: back to your ear

bloomberg surveillance." i am tom keene. adam johnson and alix steel with me. scarlet fu is off. ceoguest, kevin roberts, worldwide with the saatchi & saatchi. mr.hnson has the headlines. >> there was a deadly attack at the karachi airport that is left 70 security personnel and employees dead. authorities continued to search the airport after 10 gunmen stormed of the terminal late last night. taliban has-- claimed responsibility for the attack. president obama is expected to announce measures to use monthly payments for people with student loans. >> yeah. >> yeah. he will use executive action to direct the department of education to expand the number of people who can take advantage of a law that will cap payments morederal loans to know than 10% of monthly income. does that mean it just takes longer to pay them back? >> i think the whole thing is screwed up. i have a strong opinion on this and it is a mess. >> is the one thing if you file student bangladesh t -- if you file bankruptcy that stays with you, student loans. it is why they call in the king of clay -- the standard has 14 grand slam titles. those are the top headlines. >> very good. y

mr. williams, do they have an unfair advantage over the average investor? guys have an unfair advantage over the average investor? that is our twitter question of the day. this is bloomberglance. let's get right to top headlines. here's adam johnson. obama administration is opening a new chapter in the fight against climate change. republicans say the move will hurt the economy by driving up electricity prices. a break onng ukraine its natural gas bill. they have been given in next week to take has to pay in advance for june's bill. disney has put a new twist on the classic sleeping beauty. it took in 70 million this weekend which was higher than estimates. the top headlines. i don't think there is an else address. >> the songs are good. artists are trying to teach people how to get the same effect. >> those are your top headlines. >> before we get there, we have some breaking news. .t is m&a american realty capital health for twobeing bought point $6 billion in cash and stock. to theal will add normalized earnings immediately. ventas will add immediately to sfo shares. is sfo." >> shares him operations. they have really done well. great ceo. this must be and accretive t

mr. secretary, my time is limited. let me move on. the chairman told the fsock that they wanted to release asset management study bloomberg report that had you personally called the sec chair to express your displeasure. is that story accurate? >> my view was that the ofr study was going to be released to the public and the public was going to be commenting on it. the question of whether it was going to be released in a formal way other than ofr is a different questioned. >> should the ofr report be immurn from public kmeblt? >> no, on the contrary, it was meant to elicit a public debate and that occurred. i very much believe it should have been public chls it was public. >>> >> last year, you said it is un5:00 se unacceptable to be in a place where too big too fail has not ended. i think you may know, your predecessor said is it too big to exist? using your words, can you tell this kplicommittee today, with honest, striegt face that we've ended too big too fail? >> i'm not sure we'll know the answer to that question until we have the next financial crisis. that's the challenge that we all have in asking have we gone far enough. but

mr. speaker, but i wanted to start down the road today because i saw a headline, bloomberg reported, to sayhat what had been intended to be the beginning of an unwinding of our federal reserve balance sheet wasn't going to occur in a timely fashion that had been intended. this was news to me based on what we have seen in the budget committee. i have with me this morning, mr. speaker, the federal reserve act authorization. folks often wonder where the federal reserve comes from. the truth is it comes from the federal reserve act. i point to section 2-a, monetary policy objectives. the board of governors of federal serve in the open market committee shall maintain long run growth of the monetary and credit agree gates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. i know there's some high school economic students out there who are thinking, wait a minute, can you really promote stable prices, maximum employment, and long-term interest rates with the s

mr. secretary, my time is limited. let me move on. the chairman told the fsock that they wanted to release asset management study bloomberg report that had you personally called the sec chair to express your displeasure. is that story accurate? >> my view was that the ofr study was going to be released to the public and the

mr. lucas, of your report. murphy, thewas 10 chairman of the committee here. so, a lot of questions about how it could have happened, how the culture had gotten so bad, and, i guess, this "bloomberg story provides an explanation, it insight into what it was like, and unfortunate, probably still is like mgm. hopefully mary barra can change that. >> it does start to answer questions because as you know, writer had a narrow mandate, and we, of course, do not, trying to educate you on what happened at gm and how mary barra misted all. coming up, the brother a former hedge fund billionaire on trial. ♪ from the bird headquarters in new york, this is "market makers, with erik schatzker and stephanie ruhle. >> you are watching market makers. sheila is here. stephanie ruhle is on assignment. my cohost. i could not be more happy. now this, a great guest to introduce you to, a nationally renowned white-collar criminal attorney, former u.s. assistant attorney reed brown skied is with me. he prosecuted hedge fund billionaire raj rajaratnam, who is now serving 11 years for masterminding an insider trading scandal, the likes of which the world has never seen, and this week, raj rajaratnam's bro

mr. putin met in brussels instead of sochi. the sanctions today although modest appear to have an impact. projections of russian gdp growth in 2014 have been reduced and bloombergreports that no russian company has been able to sell foreign currency bonds since march. sanctions however in the best part of failed in their primary purpose. russia has not simply altered its course in ukraine. more robust sanctions are justified and should be applied. these could include expanding russian targeted use for financial sanctions applying sanctions on the financial sector of russia beginning with the sanctions of at least one major russian financial institutions as opposed to smaller pocket banks and blocking western companies from new investments to develop oil and gas deals. in considering sanctions washington should be smart. where possible make sense to use a scalpel rather than a sledgehammer. the government should avoid measures that are counterproductive. washington should also encourage ukraine to pull together a package for seven countries. these could provide a basis for stabilizing ukraine. but the question is whether the kremlin with a prepared to support an

bloomberg news. we appreciate the them as well. theer: i do want to applaud young lady from tennessee that .alled the real reason i was calling was in response to mrmney's challenge to name anyplace where our relationship has been enhanced by the term of -- halfld think -- point to of the world population. women and young girls. also, i would have to name places where disasters have taken place. usaid has been in the forefront of recovery -- haiti, indonesia, sri lanka. even beyond that, in the political sense, i think the relationship has been well enhanced, well beyond what we faced with mr. bush, in places like asia, latin america, and africa. host: ok. who would like to take back? -- take that? guest: i think that is one of the key things that hillary clinton tried to do. when she was secretary of state, she tried to go to as many places as she possibly could. she broke records for her amount of travel. her big initiative was to try and elevate women and the poor around the world. and i think that is where she wanted her legacy to wind up. i think you will wind up seeing her talk a lot about that as she goes forward. host: back to your earlier