. >> nirvana. >> nirvana. metallica?en. >> metallica, beethoven. >> carlos, what do you think about all this? i mean, anybody who comes here, uh, recognizes immediately that this is a really uniquely extraordinary and, despite many problems, a uniquely wonderful magical place. >> it's a magical place. but also for us, for me and for him, here is a place where many people, black people have suffered. that is still one kind of comment of this old history here, you know? >> so what is the real pelourinho? >> giving life for this. we are the real pelourinho. [burke] at farmers,we've seen almost everything, so we know how to cover almost anything. even a ufh2o. [man] that's not good. [pilot] that's not good. [man] that's really not good. [burke] it happened august fourteenth,2008, and we covered it.talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the

colleen andrn: internal optimist, i believe that nirvana exists. i think we can get there. what we are having is an exciting conversation. we are talking about content and opportunities. we are talking about a robust ecosystem. i really think, especially when milestones, when we get to certain places in a revolution that mean to have a conversation about which direction to go. while i know there is a lot of of and people are on various sides of the fence when it comes to this particular issue, the fact that we are having this conversation and not immediately passing down a edict really for what this interactive process is. i've proposed rulemaking that we are putting forward to where everybody has an opportunity to weigh in. i think it is healthy at this point to have these conversations. i'm looking forward to what i will be a very interesting and dynamic exchange. peter slen: do you agree with what you're probably just said? a good exampleis of the crossroads we have found ourselves in. on one hand, you can take a forward-looking view where the market is is going from try

i happen to believe that nirvana exists. i think we can get there. what is exciting is that we are having this conversation. we are talking we're talking about content and opportunity. we're talking about robust ecosystem. i really think that especially when we see certain households, when we get to certain places in our evolution that we need to have a conversation about which direction to go. so while i know there is a lot of emotion and people of various sides of the pencil comes to this particular issue, the fact that we are having this conversation and not immediately passing down-mike really speaks well for what this interactive processes. it is a notice of proposed and rule-making that we are putting forth where everybody has an opportunity to weigh in. i think it is healthy at this point to have these conversations and i'm looking forward to what i know like michael powell already said was an interesting and dynamic exchange. >> do you agree with what your college aside? >> i would take a different view. this example is problems with the fcc

i happen the belief that nirvana exists. and i think that we can get there. what is exciting is that we're having this conversation. we're talking about content and opportunities. we're talking about a robust ecosystem. and i really think that especially when we meet, when we see certain milestones, when we get to, you know, certain places in our evolution that we need to have a conversation about which direction to go. and so while i know there's a lot of emotion and, you know, people on various sides of the fence when it comes to this particular issue, the fact that we're having this conversation and not be, you know, immediately passing down any edicts really speaks well for what this interactive process. it's a notice of proposed rulemaking that we're putting forth where everybody has an opportunity to weigh in. i think it's healthy at this point to have these conversations, and i'm looking forward to what i know as michael powell already said will be a very interesting and a dynamic exchange. >> host: ajit pai, do you agree what your colleague just said?

they are taking advantage of this nirvana of borrowing conditions.rop is the likes of the boj and the ecb sending interest rates negative. sally: easy. exactly. is this easy monetary policy that striving cost down. you're going to see the european central bank exhaust its corporate bond buying. the emergence of the bond buyer is pushing more companies to sell because they know they will have demand their and that return is pushing prices up and yields down. shery: why are investors prepared to buy this debt and at the same time accept these low yields? sally: it is the easy monetary policy that has pushed some $9 trillion of bonds into negative yielding territories. if you are an investor, you're going to do everything you can and thaty yield at all includes going to a riskier assets such as corporate debt. we are seeing a lot of demand. for example, the dell deal is for $20 billion, but it received orders for some 80 billion. there is some serious demand their. high-yield see more issuing this month because investors are being pushed up the risky as

the pixies, flint, nirvana, to name a few.ly unholy delights of the breaded, fried, steak sandwich. that's like four pounds. >> yeah. >> wow. we're going to need a boat load of napkins. there's no delicate way to eat this. just hoist and go. >> time out of the fryer is critical. these are still crispy on the outside. this is precisely the way the sandwich was meant to be eaten. >> that is a thing of beauty and tasty. so, you have remarkably unusual for the music industry, lenient views on music sharing. your pricing structure, as a producer is -- goes somewhat against the grain of the usual business model and you're not living in l.a. or new york or a mountain top peeing downwards from a great height. what are you, some kind of communist? >> i have a healthy suspicion of capitalism as a method. i feel like left unchecked, capitalism is a kind of cultural socyaupathy. for a business to be successful in capitalist terms, it has to do the best possible job of exploiting everyone it has interaction with. the end game is things are

. >> this music was bubbling out of places like portland and seattle, and bands like nirvana that weren'tthe '80s. college rock like r.e.m. was something new entirely. ♪ follow me, oh follow me ♪ i've got my spine i've got my orange crush ♪ >> the way they sang where you almost couldn't hear what they were saying, it just made them more aluring and kind of more mysterious. you can get why that band became huge. >> it wasn't new wave, it wasn't a new romantic. they started calling it alternative music. ♪ >> you know, this is the thing about the '80s. everyone thinks it's about crazy haircuts, lots of makeup, insane clothes, and it was. but the thing about this music that lasts is that their songs were so good. >> you can go back and listen to those records from the engineering to the musicianship to the writing and to the performance of it. it surpasses most music. >> everybody had a story, and they wanted to tell it. the artiss that were coming through the tv and into your lives. >> i'll say that the music of the '80s is more effective than what came to us in the '60s simply because all o

. >> this music that was bubbling out of places like portland and seattle and bands like nirvana that are already all there by the end of the '80s. college rock, like rem was something new entirely. ♪ follow me, don't follow me, got my spine ♪ i've got my orange crush >> the way peter buck played guitar and the way stipe sang where the voice was incredible but you couldn't figure out what he was saying made them more alluring and mysterious. you could get why that band would become huge. >> it wasn't new wave, it wasn't a new romantic, they started calling it alternative music. ♪ it's the end of the world as we know it ♪ it's the end of the world as we know ♪ and i feel fine >> you know, this is the thing about the '80s. everyone think s it's about cray hair cuts, lots of makeup, insane clothes. and it was, but the thing about this music that lasts is that their songs were so good. you can go back and listen to those records from the engineering to the musicianship to the writing and to the performance of it, it surpasses most music. >> everybody had a story and they wanted to tell it

albini produced some of the most influential music of the last 25 years -- the pixies, slint, nirvanao one of his favorite chicago spots ricobene to sample the particularly unholy delights of the breaded fried steak sandwich. holy this thing is -- >> steve: this is a half a sandwich, bare in mind. >> anthony: that's like four pounds. >> steve: yeah. >> anthony: wow. we're going to need a boat load of napkins. there's no delicate way to eat this, you just hoist and go. >> steve: the time out of the fryer is also critical. these are still crispy on the outside. this is precisely the way this sandwich was meant to be eaten. >> anthony: yeah. that is a thing of beauty. and tasty. >> steve: mm-hmm. >> anthony: so, you have remarkably unusual for the music industry on remarkably lenient views on uh music sharing. your pricing structure as a producer is you know somewhat against the grain of the usual business model. and you were not living in la or new york living on a mountaintop, uh, peeing on the, uh, you know peeing downwards from a great height. what are you, some kind of a communist?

easy friend >> this music that was bubbling out of places like portland and seattle, and bands like nirvana played guitar and the way that stipe sang where the voice was incredible but you couldn't quite figure out what he was saying it just made them more alluring and mysterious, you can get why that band would become huge. >> it wasn't new wave, it wasn't a new romantic. they started calling it alternative music. ♪ it's the end of the world as we know it ♪ ♪ it's the end of the world as we know it ♪ ♪ and i feel fine ♪ fine, fine, fine >> you know, this is the thing about the '80s. everyone thinks it's about crazy haircuts, lots of makeup, insane clothes, and it was. but the thing about this music that lasts is that their songs were so good. >> you can go back and listen to those records, from the engineering to the musicianship to the writing and to the performance of it. it surpasses most music. >> everybody had a story, and they wanted to tell it. the artists that were coming through the tv and into your lives. ♪ everybody wants to rule the world ♪ >> i'll say that the music of the '80

often pitted him in interesting ways against a narrative that suggests that we are in a post racial nirvanated. at the same time, he has been quite hesitant to embrace the issue of race and engage it as the president of the united states of america. charlie: are the majority of african-american opinions celebratory of the fact that we have the first american president who is black? michael eric dyson: absolutely. 97% of black people voted the first time, and then 93%. there is a "saturday night live" sketch that comes on where the black journalists are there to be objective and examine obama, and no matter what goes on, even if he is opposed to their beliefs, they say, do you believe in god, yes? if you were atheist, would you still vote for him? yes, we would. it is pretty ironclad. charlie: but there is something he should have done more? michael eric dyson: there is a growing feeling he should have and could have done more. diehards will continue to ignore that, but he is protected by black people who believe no matter what he does, he will be unfairly opposed and unjustly criticized. th

look it, this is blissful nirvana from this administration not a existential threat but i will have airplanes bernardino and brussels. harris: you agree with the president sit e it is not existential threat. >> first person to say that wasn't obama, it was joe dunford the new chairman of joint chiefs of staff. he went down the three tiers, here is the most important thing we can do and we're not doing it. we're not doing the second. what have we done to back off putin and chinese on expansion? nothing. sandra: colonel, when we see the urge for loin wolf attacks and we're sitting memorial day, the american people, they see that and hear that, they think wow, it is really scary time right now. as far as the strategy, you're critical of that, obviously you said with the current administration. what can the new president do immediately in office to get this going? >> if i were king i would go to jordan and egypt, get a sunni force to become peacekeepers in the three countries i described as kurd cities dan, shiastan and sunnistan. that the the saudi diswill help pay for it. we don't have to put 5

and for a marketer, this is nirvana. you know? it's a lot of fun. so, i started playing with their facebook page. and word of mouth is spreading faster than they can handle the growth. lemonis: but why do we need more p.r.? we have a line out the door. ewell: we see so much potential that we can build this brand beyond this location. lemonis: now you're changing the secret recipe. that's what i worry about. this concept of franchising and opening them up all over the country is not always a good idea. it's not ice cream. it's a brand that isn't portable. you guys can't be everywhere. franchising shuler's is a bad idea. barbecue is regional. there are different styles and there are different flavors. just 30 minutes away in north carolina, the barbecue could be totally different. if i open up barbecue in texas, it's a problem because i'm competing against that region's barbecue -- not a battle that i'm willing to fight. i'd much rather take the money and build into the infrastructure here and make this a destination. these ribs are ridiculous. what a

it was nerd nirvana. >> it's clear that the public and the world want something new, and i think yous are going to bring it them, so congratulations. >> reporter: musk says he was disappointed by california's high speed rail line between los angeles and san francisco, now under construction. he believes the trains just aren't good enough-- their advertised top speed: a measly 220 miles per hour. >> what inspired me is i was stuck in l.a. traffic and i was an hour late for a talk. and i was thinking, "man, there has got to be some better way to get around." >> reporter: when musk got back to his desk, he started doing the math. his first thought-- those pneumatic tubes. but using giant fans to create a supersonic gust of wind for 350 miles would create way too much friction. so what if the tubes were sealed up tight?-- a vacuum-- and the pods were lifted with magnetic levitation? with no friction or wind resistance, there would be nothing to stop the pod from going extremely fast. but sealing a 350-mile long tube tight enough to hold a vacuum is also a non-starter. >> three, two, one.

steelmise of the british business is nirvana for you, isn't it?do: british steel has been underperforming for some time. manus: you need to take it out of the system, isn't it? come offpacity has to someday but it depends on where you compete and what market. it is not so much in the u.k. the u.k. has not been selling into the u.k. so, therefore, there is not much overlap into the mainland of europe. manus: obviously, you have the other side of the business. the industrial side of the business. agreement.ew trade if we voted for brexit and had a trade deal with the united kingdom, would you support a very open trade deal with the united kingdom? guido: always. germany is exporting companies. we like free trade everywhere. we want to compete on par level. if we have a level playing field, we are always supportive of free-trade around the world. manus: very fair comment. thank you very much. short in terms of the questions. guido kerkhoff joining me on the phone from germany. anna, back to you. i'm off to emirates. that.you enjoy francine is back. ♪

the wage index that the pros use, and i'm sorry that redline is a massive improvement back to the nirvana of a previous generation. vonnie, you are toooung to remember the glory in the early 2000's. ises and adjusted inflation not too bad but the gloom grows says too many americans are not participating. neil: don't they always say that? strongwth is not the enough, then the wages are not strong enough, and then they talk about income inequality. the fed is doing the best job it possibly can to combat income inequality. tom: should they lift in june? neil: no, but full employment is the most powerful tool to fight income inequality. tom: how can you say that with mr. trump and mr. sanders? neil: i think this is classic of the electorate, they top tech gloom and do. tom: let's bring in fancy makua. -- francine lacqua. let's get our umbrella out. francine: when you look at switzerland -- you like the umbrella? it is a credit suisse umbrella. theyu look at switzerland, a strong frank, negative rates, and hearing you speak to neil, i am not sure what we are waiting for. you believe data is qu

here is the nirvana of the moment before the crisis for world gdp.n ugly but we have rebounded. why do we feel so miserable if we have come back not to where we were but pretty close? carl: is that the growth rate or the level? tom: that is the year over year growth rate. levelgraph out the world of gdp. it has not come back. draw up the level of g7 or world industrial production. tom: which is a lot worse. carl: we are down 10% from where we were in 2008. we have seen a period of growth after the crash, but we have not recovered. tom: we will look at industrial production with carl weinberg. coming up later today, lori at robert shiller of yale university. look for that in the 10:00 a.m. hour. ller on our exuberance. "bloomberg surveillance." ♪ tom: good "bloomberg surveillance" morning. right now, i was a bit distracted this weekend, i don't know about you. megan murphy is with a spirit she will be hosting "bloomberg " this morning. carl weinberg is with us. did you get on a harley this weekend? megan: i did not. i saw a lot of harleys. give us

nirvana in chicago with their baseball teams including the presidents doing very well in the early dayse baseball campaign. wonderful to have you here. james bullard, no normalization policy. would you please translate? don't haveying they the policy because it is not just glacial. it is beyond glacial. this is something we have been hearing. the fed has been telegraphing consistently. the distance is gone and the fed is singing in unison. they are saying "you have to get used to the idea that we are going to raise rates slowly." you're based in chicago was away away from the microeconomics of chicago and the theoretical in a mix -- theoretical economics in the east coast. are we going to move out of all of this with each -- with a smooth wide path where we have abrupt brutal moves in market? >> the fed is attempting to make this smooth, but the fed moved in december. we are dealing with this geopolitical and economic environment that is fragile. we didn't hear a lot of economics from president obama this morning. the issue is geopolitics and policy are now economics. those can affect t

appropriate -- >> guest: appropriate regulation is my nirvana is. >> guest: i would say what the statute says. something can't create four of us magically determine any particular word means. if you look at 22 and our statute, talks about telephone records. doesn't talk about broadband data services and some other things we'll capture in our universe. that is problematic. the words on the page actually have to mean something or our activities are not bound by anything. >> guest: again a lot of these things we're talking about today were not envisioned back then. when you talk about laws, when you talk about their application and interpretation, you know, we're not in the 1800's or early 1900's certain laws on the books right now. certainly not applicable and i'm going to be extremely sensitive to some of them that might be. when we talk about some of the communications standpoint which is more narrow for the purposes of this conversation, we again, you have regulatory bodies in place that rightfully interpret what might been written at a certain point in time and apply it to the way in w

$50he midstream space, oil, six dollar oil is there bona fide that's six dollar oil oil is50 oil, $60 nirvanat think you could say it is enough to bring the marginal producers and, but enough to bring the better show producers and. .- shale producers in you will see them begin to lay out some hedges at $55. demand, both of which we are really seeing those trends firmly in place and then inventory. we are coming up on driving season, numbers from last week look like we have an early memorial day, which is great. down, it will be great for everybody. jon: we had supply disruptions across the world. do you think there might be a misread of what's happening here? that's supply disruptions are not going to go away. may was big, 4.3 billion barrels. control, not have the political consensus or technological capabilities to the spare capacity they are saying. vonnie: $50 a barrel is far from capital expenditures. on the upstream, producer side of the business, we've seen back-to-back years were they've x. to cut cap they have to have some expenditure to replace that the pleading asset. it is still p

i happen to believe that nirvana exists and i think that we can get, what is exciting is what having this conversation. we are document content and opportunities. we are talking about a robust ecosystem. i really think, especially when we see certain milestones, when we get to certain places in our evolution we need to have a conversation about which erection to go. while i know there's a lot of emotion and people and fairest side of the fence when it comes to this particular issue, the fact that we are having this conversation and not immediately passing down in the edict really speaks well for what this an active process. it's a notice, proposal making that we're putting forth we are everybody has an opportunity to weigh in. i think it's healthy at this point of these conversations and i'm looking forward to what i know as michael powell all recent will be a interesting and a dynamic exchange. >> host: ajit pai can be you a great transfer i would take a somewhat different view. this example is that of the crossroads the sec status of the. the our two approaches. on one hand you can

. >> appropriate regulation is what my nirvana is. >> based on that, what the statute says can't be something that creates what the four of us just magically determine any need. telephone records. don't talk about broadband data services capture in our universe. that has to mean something or the activities are not bound by anything. >> a lot of the things we are talking about were not envisioned back then. when you talk about love and when you talk about their application and interpretation, and we are not in the 1800s or 1900s in terms of laws on the books right now. certainly not applicable. i will be extremely sensitive this summer. so when we talk about the standpoint which is more narrow or the purpose of this conversation, we again have regulatory bodies in place that rightfully interpret what might've been written at a certain point in time and apply it to the way in which we consume and use these services. >> if the statute has gotten out of balance with what is currently happening, it's the job of the legislative branch to fix it. >> we know how quickly they no-space-on what they thi