mr. stewart wanted to ask but i need to go to mr. tonko who is recognized for five minutes. >> thank you for calling this hearing and inviting a witness from the 20th district of new york, mayor keegan. i appreciate you making the trip here today. drinking water systems in the district that i represent and i think every district across the country are facing significant challenges as they work to ensure that everyone including people in small and rural communities have access to safe water. that is why i introduced the aqua act last congress to improve all of the tools epa currently has to assist these systems. i appreciate the work that my colleague mr. hamp were from mississippi has done on these issues and i look forward to working with him to get at least some of these changes into law. it seems every bike in my district there is another water main break, treated water and the money we have invested is being wasted so it's dollars and water flowing out of those pipes. mayor keegan can you describe some of the issues you have had

mr. stewart for the expertise and dedication you will demonstrate to our -- to your communities that you demonstrate to your communities each and every day at work. i look forward to your testimony and to working with each and every one of you as we move forward and i'm very pleased to be working with the chair of the subcommittee and with our vice chair representative harper and other members of the subeconomy on this very important issue. with that i thank you and mr. chair i yield back. >> gentleman yields back his time. chair look to the republican side. anybody seek recognition? seeing no one chair recognizing the ranking member full committee mr. pallone for five minutes. >> customers of all public water systems large and small wealthy and disadvantaged deserve safe affordable drinking water, unfortunately public water systems across the country are facing staggering infrastructure replacement costs and emerging threats including climate change. resources essential to any conversation about safety drinking water much of our nation's drinking water infrastructure is well beyond it's

mr. stewart told me in that interview calling his show fake news was not exactly the right term. that doesn't mean people haven't been getting their news from jon stewart happily for years now. and jon stewart and stephen colbert pushed it further. remember when they did a real, live washington, d.c., rally as a way of making fun of washington, d.c., rallies by holding a washington, d.c., rally? "the daily show" has been so influential in the media had a it has made us wonder if the line was getting too blurred. right after the 2000 election you said something to the effect of bush said can we have the recession outside today because the weather is so nice, with the idea being that george bush is an idiot. an infantile person who thinks recess and recession are the same thing. after the tea bag the white house before they tea bag you, what the whole idea it is and funny they don't get what that word choice means. i sort of feel like we're doing the same thing. you exaggerate in order to be funny or to make a point. and everybody understands it's an exaggeration. >> that's true. >>

mr. stewart told me in that interview calling his show fake news was not exactly the right term. 't mean people haven't been getting their news from jon stewart happily for years now. and jon stewart and stephen colbert pushed it further. remember when they did a real live washington, d.c., rally as a way of making fun of washington, d.c. rallies by holding a washington, d.c., rally? "the daily show" has been so influential in the media had a it has made us wonder if the line was getting too blurred. right after the 2000 election you said something to the effect of bush said can we have the recession outside today because the weather is so nice with the idea being that george bush is an idiot. an infantile person who thinks recess and recession are the same thing. after the tea bag the white house before they tea bag you, what the whole idea it is and funny they don't get what that word choice means. i sort of feel like we're doing the same thing. you exaggerate in order to be funny or to make a point. and everybody understands it's an exaggeration. >> that's true. >> we both have

mr. stewart do? brendan: he was the first anchor to look at what was happening in politics and find it absurd and admit that he founde it absurd. tom: watch his hands. when he is on air, what he does physically, like a comedian. brendan: the other thing he does let you talk about a lot as he purposely throws out a joke that he knows will not land so he can make the recovery funny. he is amazing. vonnie: he's on a whole franchise of comedians. brendan: absolutely. fascinating, jon stewart, particularly after david letterman where they get carted off the set. special coverage at 7:00 a.m., the markets and churning, euro weaker, but commodities is the 82 on american west texas intermediate, right now buttressing off of weaker lows. our guest will be defending gold -- that is a tough defense. this screen is for mark carney. brent crude well under $50 this morning. here is gold going along support, and brendan, i'm sorry, mark carney and janet yellen have to worry about brazil, mexico, you look at that --

. >> it would be awesome if you mix up the two, if the daily show host john stewart hosted the debate or mrif he appeared on the daily show. >> or if john stewart was a candidate. >> that would spice things up. >> that would be funny too. >> but also as you're saying seema, when he announced his candidacy, he kind of messed up his speech. it didn't seem like he had practiced it. one of the great things people liked is he comes out with whatever he is thinking and he says it. the daily show with john stewart is the amazing end of an era and nobody knows who will be his guest. that's quite intriguing. >> do send in your thoughts via twitter at cnbcwex and our handles are at the bottom of the screen. we want to see your correspondence. earnings shares are in the red after the german firm warned it's 2015 profit would drop significantly and fall below last year's level. europe's largest distributor said it will close 17 of its global sights. joining us now on the phone in germany is the ceo. thank you for joining us this morning. just how challenging is the environment for you and hough visibil

mrs. freeze. straight ahead, tony stewart is speaking out about the final moments before he struck and killed racer kevin ward. we will have his claims about what really happened that night on the track. >>> a former student involve in the take a look at these bbq trophies: best cracked pepper sauce... most ribs eaten while calf roping... yep, greatness deserves recognition. you got any trophies, cowboy? whoomp there it is well, uh, well there's this one. best insurance mobile app? yeah, two years in a row. well i'll be... does that thing just follow you around? like a little puppy! the award-winning geico app. download it today. >>> welcome back, everybody. tony stewart is responding to the wrongful death lawsuit filed by the family of kevin ward jr. >> the nascar star claims he didn't see the 20-year-old driver before his car hit and killed him on an update new york track last year, and stewart said ward tried to accident. ward's family is suing stewart for gross negligence, but stewart's lawyer says ward caused his own death by getting out of his own car and walking on the track. >>> the former

mr. smith. remember jimmy stewart in mr. smith goes to washington?ng will donald trump go and bust open the white house in a way that's really important for america's future? whether you like him or you don't like him, you need to take him seriously. there are a lot of these so-called pundits on tv who say he can't win. 16 of these republicans can't win. there's only going to be one nominee. he can't win. we can't take him seriously. it's ridiculous. >> because it's the conventional wisdom. a guy like him who didn't go to politician school couldn't possibly wind up being the nominee. >> so there will be character assassination. we read yesterday -- i read in a story the other day he is the new senator joe mccarthy. >> what? >> or somehow he's howard biel network. the mr. smith comparison is better, i think, because there's a freshness to him. there's also an augustinian quality to him. st. augustine was a bad guy. not that donald trump wases a bad guy but he was basically a corrupter and corrupting. politicians, part of the game, giving money out. ha

mr. abbe has to make a move. stewart will stay with us. will the fed hike before market volatility?he retreat may hold the clues. the fallout for the fed and the market route and rebound in u.s. equities after the break. ♪ jonathan: good morning and welcome back. i'm jonathan ferro, live from london. reserve annual retreat in jackson hole, wyoming is in full swing. -- which data is the fed focusing on and what will happen in next month's policy decision? the gdp figure came in at 3.7%. will the big focus be the recent bout of market volatility? we should expect volatility from time to time. of somen a period uncertainty, questions about china, questions about global growth. i think we should expect some volatility. what it means for monetary policy i think is not yet clear. it is a complication, something we watch, but i'm not ready to say it has a long-term effect. jonathan: stewart is still with us. you look at the fed and they have to account for the market in some way. when you look at the moves this week -- $5 trillion penny stop, do you put it down to fear or market structure?

stewart. now it is cold, you did that very well. (laughter) >> jon: mr. cramer, don't you destroy enough dough on your own show? (cheers and applause) >> jon: boom goes the dynamite. how weird is our world? when jim cramer is on tv baking pie and martha stewart is the one who went to jail for securities fraud? (laughter) >> jon: that's weird. actually, jim cramer and cnbc are not the financial villains today. this morning the tire some word "alleged" was officially removed from bernie madoff, aka arthur ponzerelli who pled guilty to 11 counts of fraud for his $64 billion scam. >> we have also been telling you there is a maximum sentence here of 150 years in jail. as you well know, he is an older man. he is 70 years old. so obviously this would pretty much translate into a life sentence. >> jon: yeah, i'm pretty sure 150 years is a life sentence for anyone. (laughter) >> jon: except perhaps madoff's accomplice tortoise pete. 150 years for him, he would get out in time for his midlife crisis but will his turtle wife wait for him? hello, doris. madoff's 4,000

stewart. >> you're getting into a bad place my friend. >> he will always be revered as someone who blurred the lines between news and comedy. >> how the hell did we end up here, mr. cramer? >> and became the conscience of a generation. >> when he hit his stride no one in public life or the media was safe. >> i believe that you helped the administration take us to like the most devastating mistake in foreign policy that we've made in 100 years. but you seem lovely. >> he's done a very good job in keeping to task. he was relentless. >> he's so armed with facts and quips, they have no idea what's coming. >> some kind of unusual triangle. questions are answered before they're asked. >> after more than 2,500 episodes, jon stewart has decided to move on. >> i won't miss me. >> he may be about the only person saying that. >> i think he's changed the media and politics more than he will ever admit. but what i will just miss is watching him on tv. >> i've got big news. this is it! put a stamp on it! >> jon stewart has left of the building. before jon stewart became the iconic host of the "daily show," in fact before there was a "daily show," or even comedy central, stewa

mrs.. we believe that we -- biggest businesses. we believe that we can help transform it. betty: thank you. stewartbe saying goodbye to "the daily show" tonight. >> we have been so proud of our work with john stewart. the on his enormous jon has been an important voice in the national conversation. on "the dailysed show." betty: welcome back to the bloomberg market day. .et's get back to ramy: it is another ugly session here. ramy: yes. our major markets are all down today. and are all at session lows also at two-day lows. the s&p is down the most. actually, not the most. it is down 1%. . but the nasdaq is down the most. the s&p 500 10 sector. nine of the 10 sectors are in negative territory. consumer discretionary is the biggest loser. media is the biggest drag. warner, viacomme all sliding and all on disappointing earnings and because of lower ad sales. looking further into this, viacom for example, is down 15%. 21st century fox also reporting lower. and disney down by about 5%. i want to talk to you about commodities. let's head over to oil. oil is hitting its lowest level in four months. aboutd

stewart. >> you're getting to a bad place. >> he will be revered as someone who learned the lines between news and comedy. >> how the hell did we end up here, mr. kramer? >> and became the conscience of a

mr. klein who was the head of cnn announced that i agree with jon stewart and we're ending the show. and then came back under -- >> so dan pfeiffer the president appeared 7 8 time. >> 7 time-- 7 times in his liefer and three times as president. >> rose: why was it good for the president of the united states to go on jon stewart. >> well, i think, well first, jon stewart embodies two things that have happened over the course of this 16 years. the first is the sort of digitallization of the news. because jon stewart's influence was not just what people saw if they were watching comedy central at night. it was in the clips they were shared on facebook and twitter of his the various things he would do. and also he came of age at the the exact time when our politics and the media were getting incredibly absurd. and he pointed that out in a way no one else would which is why so many people particularly the young people who were an important part of obama's coalition watched. and so if you are going to communicate with young people in america, you have to talk to jon stewart. an jon stewart

stewart actually changed locks news. -- fox news. john: our thanks to our colleague and friend who is a genius and never more so than that. we have mrl, miss wagner, and a chat with them after this. ♪ with alexre back wagner, republican strategist brett o'donnell. good to have you here for a couple reasons. you had a candidate on that stage. you are one of the renowned experts. the debate trap in republican politics. we'll talk about some general things. lindsey graham you helped prepare for. kind of also consensus that he does not do that well. >> substantively, he had a really great debate. if you look at what he had to say about being commander-in-chief, i don't there is anyone else on the age that is his equal in terms of knowledge. john: it lacks some zip, since in. some zing. >> i don't think it takes away from the message, which is most of orton. wasid you think it something he might be suffering from given the fact that he's the in public and is comfortable at the podium? president isr tough. and he's adjusting to this. anyone who does this for the first time, remember a lot of the folks on that stage have run for president

mr. obama said critics were using the same claims that led to the war in iraq. >>> and the set of "the daily show with jon stewarts last home on thursday night. it's going to the newseum in washington. the end of a dynasty, anderson. >> thanks gary. that does it for us. "anthony bourdain: parts unknown" starts right now. -- captions by vitac -- www.vitac.com >>> when i was kid, my grandparents teach that there are some people who live in madagascar before. they were very little people and they live in forests and they respect their environment.

mr. obama said critics were using the same claims that led to the war in iraq. >> the set of the daily show with jon stewartome thursday night. going to the newseum in washington. the end of the dynasty, anderson. >> gary thank you. see you at 11:00 p.m. eastern. and "anthony bourdain:parts unknown" starts right now. >> i know it's key. my grandparents teach that there are some people that live in madagascar before.

mr. chairman. >> let me say to the witnesses how grateful we are to have you here today. stewartyou were speaking for thousands of people in similar situations. it is our policy that we swear witnesses in before testifying. andturow williams, evacuated owns a construction business and is now living in washington dc. -- this patricia thompson, a new roads rejected across the bridge to gretna but was turned back by police. ms. lee hodges, and evacuate who helped evacuate belted -- elderly residents. in this diane french who did not evacuate and opened her home as a makeshift shelter. it is our policy before you testified. if you would rise and raise your right hand. [oath administered] mr. williams, as i explained earlier, we have a light in front of you. the light goes on when you start. after four minutes it turns orange, red after five. i know what you have to say is important, feel you need to go a little bit after that, we understand. but we're trying to keep on a schedule as best we can. for those of you who have submitted written testimony, that entire testimony is part of t

stewart last night?" >> you're getting into a bad place, my friend. >> he will be revered as someone who blurred the lines between news and comedy. >> how the hell did we end up here, mr. cramer? >> and became the conscience of a generation. >> when he hit his stride, no one in public life or the media was safe. >> i believe that you helped the administration take us to, like, the most devastating mistake in foreign policy that we've made in like 100 years. but you seem lovely. [ laughter ] >> he's done a very good job in keeping people to task. he was relentless. >> he is so armed with facts and so armed with quips that they have no idea what's coming. >> some sword of weird bermuda triangle of logic where questions are answered before they're asked. >> after more than 2500 episodes, jon stewart has decided to move on. >> i won't miss me. >> he may be about the only person saying that. >> i think he's changed the media and politics more than he will ever admit. but what i will just miss is watching him on tv. >> i got big news! this is it! put a stamp on it! >> narrator: jon stewart has left the building. before jon stewart became the iconic host of "the daily show,"

stewart last night? >> you're getting into a bad place, my friend. >> he'll always be be revered as someone who blurred the lines between news and comedy. >> how the hell did we ep up here, mr. cramer? >> and became at conscience of a generation. >> when he hit his stride no one in public life or the media was safe. >> i believe that you helped the administration take us to like the most devastating mistake in foreign policy that we've made in like 100 years. but you seem lovely. >> he's done a very good job taking people to task. he was relentless. >> he is so armed with facts and he's so armed with quips that they have no idea it's coming. >> questions are answered before they're asked! >> after more than 25 ep seeds, jon stewart has decided to move on. >> i think he's changed media and politics more than he will ever admit. what i will just miss is watching him on tv. >> i got big news. this is it! >>> before jon stewart became the iconic host "the daily show," before there even was a "daily show" on comedy central, stewart moved to new york to make a name for himself. by the early 1990s he's a regular on circuit. >> he's very cute and he's very smart and he's very funny

stewart. >> you're getting into a bad place my friend. >> he will always be revered as someone who blurred the lines between news and comedy. >> how the hell did we end up here, mre the conscience of a generation. >> when he hit his stride no one in public life or the media was safe. >> i believe that you hel

stewart last night? >> you're getting into a bad place, my friend. >> he'll always be be revered as someone who blurred the lines between news and comedy. >> how the hell did we ep up here, mr

mr. cuomo in new york i got to have fun last night. a sunday night special saying good-bye to jon stewartnn and the graphics we use. i got a quick cameo to say, stop it. >> not as easy as it looks is it pretty boy? >> no john king. learn easy lesson keep your hands off our [ bleep ]. >> you see that punk? when you stepped at him, he backed up. that's the difference. >> he's a good actor and b, i'll keep my day job. >> you are not joking around. if i can't get into the debate coverage if you, here is a point about the difference between strategy and practicality. mike tyson. everybody's got a strategy until they get punched in the face. >> maybe i should bring you and mike in. >> here is our tease to commercial. a second american is wanted in connection with the killing of a lion in zimbabwe. who is to blame for the incidents? what is going on? what is legal and what isn't? [ horn honks melody ] well, well. if it isn't the belle of the ball. gentlemen. you look well. what's new, flo? well, a name your price tool went missing last week. name your what, now? it gives you coverage options bas

mr. humble. other names, oh livia munn, hillary clinton. funny moments. there's josh gatt. olivia munn with the cake. funny moment earlier in the show whsoen stewart's replacement trevor noah came on stage. he's seen measuring the set ready. stewart was like, can you wait a couple of minutes? very cool. but probably the best moment, i think, was how he signed off. >> rather than saying good-bye or good night, i'm just going to say, "i'm going to go get a drink." and i'm sure i will see you guys before i leave. so that's our show. i thank you so much for the privil e of being able to perform it for you, for the privilege of being able to do it. so here it is, my moment of zen. >> and a little springsteen was the moment of zen which is fantastic. >> here is our moment of zen. you can't beat the boss. but here is another moment of zen. a ppy and a balloon. balloon drop. all day. >> what are we supposed to do? >> what are we supposed to do? >> on the head? >> i don't know. you can rub it on your hair. is that a static cling trick? >> ao can't do it. >> you do the forecast and do that at the same time? >> let's find out. we have today'sctweather. e bag s

mr. humble. other names, olivia munn, hillary clinton. funny moments. there's josh gatt. olivia munn with the cake. funny moment earlier in the show when stewart'smoment of zen. you can't beat the boss. but here is another moment of zen. a puppy and a balloon. >> she did you want let the balloon drop. >> all day. >> what are we supposed to do? >> what are we supposed to do? >> on the head? >> i don't know. you can rub it on your hair. is that a static cling trick? >> al can't do it. >> you do the forecast and do that at the same time? >> let's find out. we have today's weather. the big story is the scorching heat going on this weekend. i mean, it is going to be very, very warm. we have -- thank you, leslie. we have heat advisories and warnings all the way from texas right into alabama. it is going to be rough. we are expecting to see the temperatures into the 100s through the weekend. it's going to be hot, hotter hot. the heat indexes will be over 100. we have severe weather, strong storms making their way through the plains states. fwofl ball sized hail, 65 miles per hour wind gusts and tomorrow we'll look at more heavy rain, especially up into