neel kashkari here in california.e will have much more with him after this quick break. ♪ >> welcome back to "bloomberg west." we return now with our interview with neel kashkari. i want to talk to you a little bit about some of the tensions simmering around any quality in the bay area. the war on the 1%. tom perkins compared it to the persecution of jews in germany. he apologize for the metaphor but he believes the 99% as demonizing the 1% when it comes to protesting against things like this. >> i think this is all about a lack of opportunity. we'll may have economic growth with a completely failed education system, inequality expands massively. we make a fairer society by making sure kids get a good education. i've visited some great schools that have taken the most disadvantaged kids and open their future through great education. if we put people back to work and we fix the schools, then we truly have an americatocrcy. i understand it. california schools are ranked 46 in america. if you travel around the bay area,

we'll get back to neel kashkari this morning. quarter on monday morning. a good looks like it will open higher, 61 points higher, s&p 500, 7.5 points higher and the nasdaq up close to 18 points. nonetheless, the major averages are on track for their worst quarterly performance since the fourth quarter of 2012. let's take a look at shares of johnson & johnson. they've accepted an offer from the carlyle group to sell its ortho unit. >>> 971,000 cars was added to the list for gm, bringing the total to 2.6 million. mary barra will be answering tough questions about the recall from house and senate lawmakers. >>> michael lewis's new book, "flash boys" generating interesting conversation this morning. lewis called the stock market rigged in favor of high-speed trading. >> the stock market is rigged. >> by whom. >> a combination of the symptom exchanges, the big wall street banks and high frequency traders. >> lewis's book highlights a trader named brad katsuyama. the methods while legal cost the rest of the markets billions of dollars

businessman neel kashkari is running for the republican nomination. if elected, he would offer a 10- year tax credit for companies that relocate here in the state. he would also ask voters to redirect nearly $10 billion in high-speed rail bonds. kashkari wants to use that money instead to build water storage projects and to promote fracking for oil and natural gas. >>> meanwhile governor jerry brown has got a ton of campaign money for his re-election bid. he has raised nearly $20 million so far and has spent about $95,000. brown has a lot more cash than his competitors. former treasury official as mentioned neel kashkari has raised $1.5 million and republican state assemblyman tim donnelly has raised only $183,000. >>> federal agents are reaching out to kids to help them steer clear of sexual predators on the internet. in a nationwide push starting today, immigration and customs enforcement is sending agents to schools and community centers following a recent uptick in exploitation occasions. they hope it will encourage young internet users to turn to

neel kashkari.s about to join us and tall about his bid to up seat jerry brown in the golden state. and later on, president obama says he'll change the rules on overi i'time pay by executive decision. no. this is a free company. he has no right to tell companies how to pay their people or run their businesses. would we'll debate it in a couple minutes. minutes. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expense

john dingell wants out, neil neil -- neel kashkari wants in. they have their reasons. social, viral, all things he had any awards. we will kick it off with what analysts are talking about, one intense weekend in the ukraine. >> what is the russian military going to do next? friday, 10 helicopters. saturday, two more warships. monday, two more warships. >> what's next? russia sent 6000 troops into the ukrainian peninsula. this morning vladimir putin took action under the banner of protecting the russian speaking population that lives in crimea. all right, putin, but do not say president obama did not warn you. >> it would be a clear violation of the borders of ukraine. and of international laws. just days after the world came to russia for the olympic games they would invite the combination of nations around the world. indeed, the united states will stand with the international community in affirming the cost on military intervention in ukraine. >> a mildly tough talk from the president on friday. there could be only one way for his administration to get the message out

john dingell wants out, neil neil -- neel kashkari wants in. they have their reasons.al, all things he had any awards.

they are assemblyman tim donnelly of san bernardino county, neel kashkari, andrew blount who is the mayore blue angels are soaring again after being grounded much of last year due to sequester. the navy confirmed the blue angels will perform at this year's fleet week in san francisco. the fighter jets kicked off the 2014 air show season with performance at the naval air facility in el centro. >> this is an opportunity for blue angels to showcase the professional of the united states navy and marine corps. it's our goal to inspire culture of excellence and serve the country. >> the team is scheduled to perform 68 shows at 35 locations between now and november 8th. fleet week returns at the bay area in october. >>> this morning we are hearing from the families of people killed in crashes caused by problems with a gm ignition switch. those problems triggered a major recall. gm has recalled 1.6 million cars after at least 12 deaths and 31 accidents were linked to the faulty switches which can disable power steering, antilock brakes and air bags but an independent consumer group says gm has kn