good night, mr. bond. >> do you expect me to talk? >> no, mr. d from that predicament but nasa is using a different laser to fundamentally change the way we communicate with deep space. the space agency is planning to use laser technology to stream more information at higher speeds, including live hd video of future space missions. it's a system they call opals. they successfully tested it for first time last night. [ applause ] >> boom! hd video. can you say the real housewives of international space station. this replaces transmissions used by the days of sputnik. and first were words any young computer programmer should be familiar with, hello world. using radio transmission, this video would have taken 11 minutes to get to earth using this new laser technology, 3.5 seconds. america has cut space spending again and again and again. can this or any other innovation spark excitement again? joining me now is matt abrahamson. thank you so much for joining us, this is very cool. >> yes, it is. good morning. last night we transmitted a high definiti

little bit higher for brent crude, about half a buck so, but west texas is basically flat off 007, mr. bond.85. does this mean we're to see these rises in oil over the past week or so? jackie deangelis is at the nymex with what we can expect for the summer driving season. >> reporter: the short answer is yes, but let me give you context in terms of where we've been. the national average for a gallon of regular is 3.66 according to aaa. that's only up a penny from last week, two cents from a month ago, five cents higher from the same time last year. traders saying they're watching the situation in iraq closely. prices flat today, because they're not sure which way this trade is going to go, but they are bracing for volatility. they say if that volatility does come, you'll see retail trices climb anywhere from five to ten cents within the coming weeks. west texas interneed just until 107, up around 5% in the last month. at around a nine-month high. meantime brent up 3%, the problem with the hike in retail gas prices is that prices tend to go up very quickly, but then they come down a lot less

roughly, 10 to $13 million hole, so i'm wondering what could be done to fill that hole within this bond, mr. ruskin. >> to supervisor mar and the chair, the first thing i would say, we tried to strike a balance in the ordinance between enough specifity for the board and for the voters with enough flexibility to so as we work through the process and through the years that we have flexibility to make adjustments if needed, the bond report does recommend an expenditure plan which reflects a balance of needs we have in the city, so i think -- i feel comfortable advancing the program we have at this time. we did have a total of $33 million and we still do and we're in the second year of our capital budget that anticipated the vehicle license fee being on the ballot and getting approved this year, the two year delay does mean that we have a $33 million gap to fill in the second year of our budget and we'll likely have a gap in the next two years. we have plenty of time between now and fiscal year to work with the board the mayor's office to figure out how to best close that gap, and that's what i

. >> we have argument first in case 12158 bond verses the united states. mr. clement. mr. clement: mr. chief justice, and may it please the court: if the statute at issue here really does reach every malicious use of chemicals anywhere in the nation, as the government insists, then it clearly exceeds congress's limited and enumerated powers. this court's cases have made clear that it is a bedrock principle of our federalist system that congress lacks a general police power to criminalize conduct without regard to a jurisdictional element or some nexus to a matter of distinctly federal the president's negotiation and the senate's ratification of a treaty with a foreign nation does not change that bedrock principle of our constitutional system. justice ginsburg: but, mr. clement, you aid that -- that the treaty is valid and the implementing legislation seems to largely copy the words of the treaty without adding anything. so, it's a >> it is true the convention in the statute used similar terms but there is one important difference between the convention and the statute and

for hetch hetchy bond and my understanding is that mr. chair that specific appropriation and the sale of the issuance of the bonds will be considered by your committee next wednesday that's my understanding i'll report on that subject including the deappropriation will be issued to the board of supervisors tomorrow i want the board to know it's not included in this specific budget. >> so for committee members we're going to continue the supplemental to next week's meeting so an budget analyst report then. supervisor farrell >> on item 10 is mentioned the appropriation for the clean power sf that's before us today. >> yes. my understanding. >> just our analysis. >> my understanding is supervisor avalos because of the issuance of the bond were not on the calendar that the clerk stated that the items could not be considered until you have the issuance as well as the appropriation that's why we didn't reporting report on it today. >> that's correct. >> members and audience ze we have difference too the department and puc but we'll work with yo

is there any concern that's been expressed in any concrete way by them about whether mrs. bond is prosecuted? >> i doubt that, your honor, because -- >> no, no. yes. so nothing in -- >> nobody -- no -- nobody would -- we're not saying -- and i don't think anybody would say that -- that whether or not ms. bond is prosecuted would give rise to an international incident. the question is whether congress has the authority to pass a comprehensive ban. now, there may, of course, be applications of that comprehensive ban that don't advance the national interest in a profound or poignant way, we understand that. but the question is whether congress can pass a comprehensive ban implementing a treaty. >> that is the question. >> and, general, don't we have an amicus brief from almost all of the legal counsels of the state department, republican and democrat, talking about how if petitioner's argument were accepted, it would severely damage the united states' ability to enter into and to negotiate treaties. >> that's right. and that -- and that's true, it's -- and that's certainly true. >

the jam tomorrow really relates to full-blown qe, or some kind of bond-buying program. mr. draghi didn't have much new news on that. he effectively said they are still working on a program. but we know given the european central bank's mandate, deciding which bonds to buy is the real dilemma. so work currently being done. as far as the package is concerned, mr. draghi said this is not it. there is the potential for more to be done. >> we think it's a significant package. are we finished? the answer is no. we aren't finished here. >> reporter: so forut03 the ti being, the markets seem prepared to take the announcement. we got a spike higher in the german exchange, the dax and an initial selloff in the euro. both of those moves will be something that mr. draghi was pleased to see. for "nightly business report," i'm jeff cutmore in frankfurt. >>> and nikola joins us, chief market strategist. welcome. we heard jeff say that the idea here is to get money into the real economy. will it work, and why should i care if i'm an american consumer and an american investor? >> btwell, th

mr. ross is $400 million in bond measures the number that's necessary to shore up our issue. >> with thesight committee all that money is tracked as it is spent and there's recycle oversight of each bond each burglar or dollar of the $4 million is accounted for the city policy is one of the most responsible city policies that we don't bore new money for both sides without closing out outstandingly u outstanding so we pay back and retire the old debt to take out new bonds and by doing so build a new hospital and 12 new libraries without the accommodating the new debt so this is an extraordinarily successful policy. so far as the 4 hundred million 16 hundred million towards the water system and to the crime labs this is critical in the bay area so responding when you have chaos breaking out after the natural disaster and you've got people getting the tools that's why the excessively and the others across the city have saying get it past >> it $400 million the amount you'll spend. >> the issue is not the cost but where the money is coming from we don't think it should be taken off the backs

. >> you don't want equities, just bonds, mr. low return -- >> i am boring. describes as boring but not when he joins us for conversation on bloomberg also "bloomberg surveillance" 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.

mr. was released on $50,000 bond charged with vehicular manslaughter and assault.ll be arraigned wednesday afternoon. about being charged tweets from the same account say "if my accident occurs with no media spotlight i am issued a few traffic tickets. the excuse of me being up 24 hours is complete bs. so, yes, i'm now most likely expletive because i had an unfortunate accident with the wrong car that night ". >> that was arthur chin reporting. morgan is expected to remain hospitalized for the next few weeks. the i495 bridge over the christina river will remain closed all summer now. that is the word coming today from delaware's transportation chief. the southbound lanes may reopen by labor day. the northbound lanes a few week later. the bridge was shut down last week after an emergency inspection showed it wasn't safe to cross. state officials are doing everything to fix it as quickly and as efficiently as possible. >> the expertise at the ready who can bring people on. and because we made those decisions last week, i want to tell you right now that the expertise,

some bread or something and have a big pot of eggs and grits for us and that's how we started bonding with mr. evers, and bob would take us -- i remember going to macomb, mississippi, with stolely carmichael. we went to liberty, mississippi, for the -- not justice department, one of organizations that was fighting for human rights, to observe us, and we stayed in liberty all day long and that's where mr. herbert lee had been killed in i think '61. we stayed there, and i remember observe being the white water fountain and colored water fountain and waiting for them to attacking us. i remember they told stokely, you got these shorts on, you got to leave. after leaving there. we went back to jackson, we were traveling across the state and august of '62, we went up to clarksville, mississippi. to found cofo. this umbrella organize was one that sponsored the freedom summer prj, and i didn't know anything about sundown laws. dave dennis who was driving our car, there were three cars in the car, myself included and lester mckinney. the police stopped the car, arrested dave, took him back, and dave s

rates that pay for the debt service or the cash fund it needs to be bond fund ars those 3 key parts and to first class it another way mr. rose to fully complete our recommendation go you don't have the information. >> we're more than prepared to remedy the recommended reductions right now to the board the department san diego's with us because of the departments disagreements they're ready now. >> okay. thank you mr. rose. >> colleagues do we have any questions for mr. rose or puc i know we'll be back? okay supervisor avalos any comments now we're going to move into the other departments >> i'll hold my comments and after public comment i'm going to motion that we table the items of the a o s o and other items related to the puc and actually, i don't mind it can you see me great pain to do that our puc is the most incredible educate we have with the city and county of san francisco i have traced to the water system and our amazing people the puc but we have not worked 90 out in a collaborative way for a budget we can live with interests been a effort to communicate with the mayor directly i haven't heard back i'm alarm

. >> minnick was extremely bonded with his cat, mr. majestic.d of ruled the roost, as far as i was concerned. minnick painted this cat, fed this cat abundantly, from what it looked like, and they seemed to be somewhat symbiotic. >> i got him november 2nd, 2006, and he got neutered october 27th, same day i got arrested. so we had something in common. >> i think the cat program tames the beast. >> come on. all right. >> at the holman correctional facility in alabama, the cats are even more abundant, but none of them are invited. >> at holman, they're just wild cats who the inmates connect with and start feeding, even though it drives the staff crazy. >> i'm going to catch him. i'm going to catch every one of you cats. >> there was a sergeant this charge, sergeant english, whose job it was to try to deal with these feral cats and get them outside the prison. the cats became his nemesis, particularly fluffy. >> there's fluffy. i think you're going to have a little trouble with that one. it's personal between him and her, you know what i'm saying? so

july and matt will give you a brief update on what specifically is the bond that is making its way to the ballot. >> good afternoon, mr. brill. >> good afternoon, directors, matthew brill in capital finance at mta and thank you for hearing this item today. so as you have seen before you, you have seen these problemings before, it's tough to get around san francisco. it can be stressful. muni can be crowded. and streets can be difficult to navigate, no matter what mode of transportation you are taking. as you have seen before, the mayor's task force in 2013 convened a group of 45 shake holders to look at the system in san francisco, look at the needs over the next 15 years and look at solutions to address those needs. recently on may 5 2014 the capital planning committee recommended the general obligation bond for the november 2014 ballot and as director reiskin mention on may 13th all members of the board and the mayor also recommended the bond for the ballot. so just to recap where it came from, the task force looked at all of the needs in san francisco over the next 15 years, looking at some of the existing plans, s

. >> we with your arguments first this morning in case 12-point 158 bond v. u.s.. mr. clement. >> mr. chief justice may it please the court. if the statute at issue here really does reach every malicious use of chemicals anywhere in the nation as the government insist that clearly exceeds congress's limited enumerated powers. this courts cases have made clear that it's a bedrock of our federalist system that congress lacks the general police power to criminalize conduct without regard to a jurisdictional element or some nexus to distinctive federal concern. the president's negotiation and the senate ratification of the treaty with the coordination does not change that bedrock visible of our constitutional system. >> mr. clemente said the treaty is valid. and implementing legislation seems to largely copy the words of the treaty without adding anything. so it's a puzzle that the treaty could be constitutional but the implementing legislation that adds nothing is unconstitunconstit utional. >> justice ginsburg i guess i would quarrel with your premise which is its true t

booktv analysis of the systemic risk that can result from a lack of liquidity in the corporate bond market. >> mr. chairman, we obviously are getting into the early months after the final publication of a rule that is final. it has not taken affect in the marketplace yet. it is premature to judge what its impact on the market is. think it is actually quite an accomplishment. five independent regulators just extended an identical rule on the same day providing clarity in an area that badly needed clarity so that would not have uncertainty in the industry. receive quite a lot of positive, that that was the result. >> a ton of the chairman has expired, and the chair now ranked -- recognize the ranking member for five minutes. >> thank you very much. so have criticized the designation by fsoc as having an update process. they also made several recommendations to the fsoc to include transparency. would you please describe how they ingested these recommendations and how they change the transparency loss. perfectly balanced and the need for transparency against the need to protect the current market and

mr. poroshenko in a bbc interview. >> this is bonded. the largest region of ukraine. >> are you saying president poroshenko is a nazi? >> -- so-called rights sector and so forth. >> reporter: the deal signed today was a trigger for those deadly protests last winter focusing on kiev. the decision by the pro russian leader at the time viktor yanukovych not to go ahead with the deal led to the demonstrations that eventually resulted in his downfall. and to the conflicts between ukraine's government and pro russian separatists in the east. in early hours of this morning, four members of an osc special monitoring mission freed by a pro russian separatist group after months in captivity. but it was a rare positive development and tentative cease-fire in the east is set to expire today with thousands of ukrainians lining up at the border to cross no russia as it does so. president putin called today for a long-term cease-fire, but he also declared that ukrainian society will stand split after being forced to choose between europe and russia. bb

mrs. frizzell in the first round. bonds here they will get this time? don't know. >> who would be the equivalent of lilly tomlin now? chelsey handler? >> she could probably do great job as mrs. frizzell. her show is ending. she is available. >> jessica simpson, somebody like that in still ahead mean girls. they're energy school, right? but new study claims the cool kids don't always make it so far in life. how being popular in high school could hurt you down the road. i knew i would be vindicated. first fathers day is sunday, i'll get my curved samson tv. this commercial has us a bit emotional this morning. look at this add. comes on the heals of controversy. why dove is being criticized this morning, for this commercial. so yeah, i think we're good. i think that about wraps it up. so... great, i'll send a follow up email. i don't - there's nothing much to follow up on so i... well, we...we should regroup we just regrouped - this is the regrouping. (laughing) cool, i'll ping you later. you're pinging me now, what do you wanna ping about? next steps? the

bonds sponsored by the sfmta. i want to invite supervisor tang to speak before mr. reiskin comes p. >> thank you, supervisor farrell. i think we need all of our comments last week when we were here. really today just wanted to continue to urge the rest of the committee members to forward out these item to the full board with recommendation. >> okay, thank you, supervisor tang. colleagues, if no other comment at this point, i'll direct director reiskin back up if you have anything to add at all. >> thank you, chair farrell, members of the committee. i would just echo supervisor tang's points. we did have some amendments that we requested you to adopt like you did last week which necessitated continuing to this week. otherwise, we would urge your support and be happy to answer any questions. >> okay, thank you, director reiskin. colleagues, any questions or comments? okay, we have items 4 through 6 in front 6 us. do we have a motion? >> so moved. >> motion by supervisor avalos to send items 4, 5 and 6 to the full board with recommendation. can we take that -- >> publi

mrs. miller why she had done this, and she replied, i don't know. killers all share one common bonds they are arrogant. they are in denial that they're doing anything wrong. this person's in their way. they're messing up their life and they want them out of the way. and that's it. it's very simple. >> rather than risk a jury trial, ann miller agreed to plead guilty to second degree murder and received a minimum sentence of 25 years in prison. >> it's up with of those cases where you are left with as many questions as answers. and so that can be very difficult not only for the prosecutor but certainly for the family members as you don't get the why. >> even though ann miller tried to eliminate the evidence through cremation, it only took a single strand of eric's hair tore chart months of deception and the final act of murder. >> and to think that a record of this poisoning was just kept in one single strand of hair is pretty unbelievable. pretty amazing. >> people can think they can get away with murder but the technology is going to bite people. >> this is my first homicidal arseni

mr. and killed while riding his bicycle. also being charge of failure to reduce speed. he will appear at a bond hearing today. sheriff's deputies went to the home of the 54 arrows monday to check the report of a possible domestic disturbance. deputies say they found homemade explosive devices in said. a warrant has been issued. investigators say he probably left the area in his pickup truck. a second brother involved in a shooting at his mother's home. police have still not said how it all happened. only that the two brothers got into an argument can someone grabbed a gun. >> and accepting money from people who were led to believe she has terminal cancer. received $35,000 from people in her community who held fund-raisers to help pay her medical bills. claim to be dying from stage for ovarian cancer. even jackson's children thought she was sick. she is charged with felony theft. >> held their secret meeting. faces trial for plotting to set off a bomb outside a bar in chicago two years ago. the plot was foiled. his attorney was not admitted to the meeting because he does not have high level security clearance.

bond markets. so has the f-sock kuktsed an analysis of the risk. >> mr. chair map, we are obviously in the early months of a volka rule that is final. it hasn't taken effect in if mashlgts place yets. i think it's actual thrill quite an accomplishment. i've actually received quite a lot of positive comment. >> the time has expired. >> thank you very much. some have krilt sized the fsoc's designation's process has been opaque. >> is the fsoc aprobe rattly balancing the need for transparency gerns the need to protect sensitive markets? and supervised information? this is an issue i'd like to get behind us and deal with it in ways that would allow fsoc to do itsd work. i'm hoping that you have not only given considerable thought to this, but to help us understand how we can better make sure that you can carry out your mission and not voo those that you are regular rating too. i don't want to spend all of my time on this because i want to get back to market sfszsing. >> congressman walters, you know, i think that the values of openness and transparency are ve

. >>> let's check the bond market following europe's big move this morning by mr. draghi.s and the euro moving as well. ricky, over to you. >> well, sue, the markets really speak for themselves. if you look at intraday of 10s, we're now at the low yield as if they waited for us to do our spot on "power lunch," we sit at 2.57. and this is a remarkably important spot. and we are now three basis points lower on the day. look at a boon, its three basis points lower on the day. if you look at the chart opened up to the end of january for our ten-year, the reason 2.57's so important, i've talked about it a lot, it's a key technical level from february 3rd. it was when we settled below that several weeks ago that we had most of the big buying that pushed us down below 2.5%. to go into tomorrow's big employment number at that level is very technically driven. now, if we look at what's going on overseas, look no farther, in my opinion, than a 20-year start of spanish rates. you see how they still stay low? this is a governor against a big rise in rates year, on the relative spreads

at g-4 bond on twitter and hash tag carbon balance, [speaker not understood] is the youtube channel. christopher doll, sfc on facebook, and no excuse for ignoring this. thank you, mr. president. >> next speaker. >>> good afternoon. my name is don maxwell. i'm a transit operator at the sfmta. i wanted to present to you a proposal draft of a charter amendment that would reform muni and take the power away from the mayor to appoint the staff as well the mta board. plus allocate funding towards adequate transit services for the people. i have some pictures that i wanted to show some of the working conditions that i have encountered in my 11 years working with the sfmta. some of them are too graphic for tv so i can't ~ so i don't want to put it out there. so, they're going to be published in the newspaper. i want to talk about this initiative. we're trying to get the signatures together we want to get the board support on this. we know the mta needs to be reformed in its entirety. some of you have received this and some of you have gotten this today. i dropped it off at your office. right now it's going to be called proposition s until we get the necessary signatures t

mr. chairman. >> before you get into my questions i want to thank ambassador bond in her testimony for flagging the issues and the opportunities to expanding the interview waiver program and commit to you that i know for myself many members of the committee are anxious to facilitate in any way possible your work on the mistreated side and affair legislative changes that need to be made we are pleased to work with you on that. mr. wegner as you probably know the cbp is working on resuming operations at the kona airport resuming operations to provide a gateway to increase economic activity there. i know there are facilities issues and their capacity issues but from our standpoint we are not landing commercial flights at the kona airport for lack of resources at the state and local -- state and federal level. do i have your commitment to solve that problem? >> the facility requirements and to operate and having the commercial airlines comment to bring the traffic to us. >> i can ensure you the commercial airlines will come if we can square away our end of the bargain. thank you very much. ambassad

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

with all that said, this bond is absolutely essential and it's critical that we get it to the ballot and get it passed. >> thank you, supervisor wiener. i would ask, thank you mr. ruskin and thank you katie tang and i'm excited about the presentation that you're going to give and you look at equity -- but i wanted to say, having the strongest possible support in our neighborhoods for this bond moves us closer to achieving all the goals from the t-2013 recommendations, but i know we all pull our resources and put it together to have a strong bond. >> i want to echo the thanks to tang and director ruskin. take it away. >> good afternoon, and i'll join in thanking supervisor tang and the rest of the board and the mayor for coming together to introduce these pieces of legislation. i'm here on behalf of the mta, but also joined by our great director of public works, mahamed speak with support of the mayor's office and the cal tap planning program and advancing this proposal to you, city as capital planning committee recommend to the board this bond and you have an item as apart of today's agenda to make an amendment to the capital plan to reflect the inclusion of t

mr. speaker, when folks are doing things that are unconstitutional, it threatens the very fabric of the freedoms that bond this country together. mr. speaker, just so happens that the supreme court ruled on yet another unconstitutional action of the white house today. i didn't anticipate that ruling happening today. i came down to talk about the president's new environmental initiative. e wants to reduce carbon emissions, co-2 emissions, carbon dioxide emissions by 30%. he announced this policy from the white house and the media covered it expansively. 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 c