bottom of the hour, we returned to los angeles with neil chriss. let's check on the bloomberg first word news, mark richt and has more from the newsroom. -- mark crumpton has more. mark: indiana's primer will be important to his goal to catch up with hillary clinton. senator sanders is telling supporters with 10 states let's come his campaign needs to earn more than 50% of the remaining delegates of for grabs. sanders says he has 45% of the pledged delegates awarded so far, but only about 7% of superdelegates. $26 clinton raised about million in april, the campaign said it has $30 billion in the bank having intimate. senator sanders raise the first amount -- the same amount last month, marking a steep decline from the $46 million he raised in march. jerry sandusky is back in court as he continues to pursue appeals of his 45 count convictions of child sexual abuse. the 72 euro claims he was wrongly convicted. he is serving a 30 to 60 year sentence for abusing 10 boys. turkey's interior minister says a car bombing that killed two police officers and

first of all, you are on a hedge fund anil today with neil chriss who is just year. days, sand several low and warren buffett have been meeting up in the industry. what is your view? cliff: we started beating up on the industry 15 years ago. we wrote a piece -- i got yelled at every hedge fund manager. i was young once, i was young when i wrote this. it was called the hedge fund pledge, they are too correlated to markets. they move with the market is too much. and they charge too much. so they called me to yell at me, sorry, sorry. now i lean the other way to little bit. i still believe they are too correlated, they charge too much. but people are turning to negative. take warren buffett, he has a famous debt, hedge fund portfolio against him. he is winning, and he is smart. but that is whether the stock market will go up. hedge funds don't hedge as much as i think they should, but they do hedge. they are half as long as the stock market. we have had a bull market for many years. if you compare hedge funds to the market, they will lose in a bull market. people should

we had live to the global conference, our interviews were with steven tananbaum and neil chriss.t and the governor admitting he does not expect to be able to make a $2 billion payment in july. we're going to start this hour at the milken institute global conference in los angeles to go to steven tananbaum. erica: i'm here with steven tananbaum.