they're going to explain and walk the jury through why it is that the jury should listen to them, nom one, should walk i in. >> they lived with the case, they know it and they have to convey that to the jury. >> we have to take another quick break. i want to get your take on how the judge has done in this trial. we'll take a closer look at how she lays down the law and her background coming up. geoff: i'm the kind of guy who doesn't like being sold to. the last thing i want is to feel like someone is giving me a sales pitch, especially when it comes to my investments. you want a broker you can trust. a lot of guys at the other firms seemed more focused on selling than their clients. that's why i stopped working at my old brokerage and became a financial consultant with charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. an impressive epa estimated 34 mpg highway... and during chevy's model year-end event you're getting a great deal on our remaining 2013 models, but they're going fast. what are you doing? moving in. before someone else does. ohhh..

tentative deal to prevent the so-called nuclear option to change the senate's filibuster roles on executive nom nations and after both sides failed to reach an green light in a rare joint caucus last night. senate majority leader reid says the two parties will discuss it at their lunch meetings today. joining me now north dakota's former governor and now a republican senator, john hoeven. sources on both parties say the senate deal is calling for the replacement of two nominees to the nlrb labor which get to pick two new candidates and the other five nominees to go forward. this means that senator reid will withdrawal his threat to use that nuclear option. what is your reaction to this deal? >> it's good news. we have worked very hard over the weekend to put it together. i think what it reflects is not only the respect for the senate rules but really in understanding to get solutions, we have got to work in a bipartisan way. i hope this is a step to more bipartisan solutions to meet the challenges that our country faces. >> let's talk about bipartisan solutions because a vote on the nomination

and which ones you want to take more time to assess. that's the backdrop, nom number -- number one.umber two, it's important to keep history in mind here as to how glass-steagall ended up being first narrowed and then in graham-leech-bliley in that separation of banking and investment banking aspect, eliminated. this -- the commercial banks beginning in about the mid 1970's, began to experience a real squeeze in their business models on both sides of the balance sheet. on the liability side, deposits, basically they had been very cheap sources of funding, indeed for a while suppressed by federal reserve regulations the amount of interest you could pay on them, deposits had been this very predictable, beneficial for the bank source of funding. that were becoming less an less reliable because other savings vehicles were developing for american households. mutual funds, money market mutual funds, a variety of ways that an individual home -- household could get a higher return on its savings. obviously meant that bank deposits were becoming less attractive. eventually interest rates wer

. >> september wrapping up a hearing on the controversial court nom no hand picked by president obama. the law professor was tapped to be part of the dc court of a polls and critecs are describing her left leaning judge in the history of the public. >> well, let's first put the nomination in a broader cop text. president obama after delaying forever on making nominations to the dc circuit. and they are racing to get the nomination through the hearings on the committee. it is the most underworked court in the country. it is a left wing agenda. and it is the broader picture aiming at here. and in the case of conellia. and her hearing is coming a month after the nomination. in the case of john roberts thinks when he had the dc circuit court of nomination. his hearing came 630 days and why the rush now on the particular nominee. it is sdeened to prevent a thorough review of her record. no one had a chance to go through the writings. i have taken a look. and if someone does indeed to have the potential to be the most left wing judge in the country. >> and we'll look at what others have wri

. >> the extension, we're almost the last ones standing out of the tony noms so we're happy. >> a huge to get to the news this morning. i don't know if you saw these incredible photographs of the accused boston bomber tsarnaev. the photos were taken by a massachusetts state trooper, sergeant sean murphy and they show behind the scenes of the manhunt that final day that lead to the capture of the alleged bomber in april. sergeant murphy felt the need to counter the message that the rolling stone magazine cover conveyed. he said as a professional law enforcement officer of 25 years i believe the imagine that was portrayed by rolling stone was an insult to any person that's ever worn a uniform. i hope that the people that see the imagine know this was real. it was as real as it gets. it may have played out on a television show but this was not a television show. state police did not authorize or endorse the release of the photos. he has been suspended and faces disciplinary hearing next week. rolling stone had no additional comment on this. >> he went out on his own. >> it was emotional.

nom naigsz this morning the first time original content has been nominated for the highest honor. net flix political thriller "house of cards" scored nine nominations. lackluster demand for the surface tablet onhe other hand is dragging microsoft down. we learn that had the company took a $900 million write down for unsold inventory. revenue up 10% to $19.9 billion and profit hit $5 billion but both numbers fell short as the pc spot took a bite out of windows sales. dell post pobed a planned vote on michael dell's takeover bid this, morning's meeting opened and adjourned later. the vote rescheduled for july 24th. stocks rose today sending s and p to a record as jobless claims fell, your bloomberg silicon valley index is down today. verizon taking a page from t-mobile announcing a payment plan called edge. it spreads the price of a smart phone over 24 months. at bloomberg studios i'm emily chang, back to you. >> thank you so much, emily. imagine driving up to your house and finding it's not there. that is what happened to a texas couple saturday. a crew tore down their house instead of the condemned house next door. >> oh, come on. >> we drove up there and walked around and as we left i saw tw

nom iks may be the greatist fiscal and economic experiment of our time. got to hit some news right now to va layer row, the refining company, the company is warning on second quarter earnings moments ago. you can see shares down five percent after hours. second quarter eps coming in between 91 cents and one dollar. they're saying 91 to i think a dollar, a dollar one. this is a sizable cut in earnings expectations for valero. everybody thinks the refining companies print money. they do not. their margins are narrow. >> they haven't taken care of themselves with contract futures. you're exactly right. >> they obviously have not given this. this move is extreme. they can play catchup but getting up there at $1.07. that's a big move. it's going to catch a lot of these refiners flat. >> they're buying it and they're getting squeezed. you've got to watch tasoro down five percent. very similar company, also down. we'll keep watching that. still ahead, this guy, dr. j. not me that guy, he was on the right side of the gold trade -- him, take a listen to this. >> yes, i'm a taker on gold ond i've said it for weeks. >> so what's he doing now? should you be buying gol

sell nom county courthouse, former homicide detective ted williams will take us to the scene where trayvon martin was killed. stay with us. do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? (announcer) flavors this delicious how did he not see that coming? are worth searching for. friskies. feed t senses. [ herbie ] there's no doubt about it brent, a real gate keeper. here's kevin, the new boyfriend. lamb to the slaughter. that's right brent. mom's baked cookies but he'll be lucky to make it inside. and here's the play. oh dad did not see this coming. [ crowd cheering ] now if kevin can just seize the opportunity. it's looking good, herbie. he's seen it. it's all over. nothing but daylight. yes i'd love a cookie. [ male announcer ] make a powerful first impression. the all-new nissan s

on. there are a lot of republicans noms uld vote for two new if the democrats are willing to do that. but i can't see any evidence to going happen. but like i said, the discussions continue. enators reid and mcconnell are other and as are individual senators. > can you have any that flow back and forth? >> other than the observe -- votes forx republican cloture and this can be avoided nuclear option. if this were to happen, does another we won't have threat to change the rules this session of congress? is weren't any -- nobody willing to make any commitment at this point. >> what about the nominees other than the nlrb? >> i think the nlrb is the real contention. i think the cardray would be republican votes to move him. the two nlrb appointments are who cult for republicans believe they were illegally made. and that comes back to an issue powers and ation of whether or not we're going to concede to the executive the congress iside when or is not in session. > do you think there will be votes to move him absent the the cpfb.the rules of >> how does he have it cued up? cordray first. >>

on nominations. you don't move a nomination until you get questions answered relative to their appointment. noms just don't go smoothly and get voted the next week. there are a lot of bases for that. what was the breaking word the question was this was raised at the beginning of the year. these issues were discussed and an agreement was reached, and as part of the agreement, senator reid said he wouldn't use a nuclear option if the republicans agreed to certain things and an agreement was reached. senator lamar alexander and john mccain and others were in on the agreement and an agreement was reached. senator merkley openly said now, well, the agreement just didn't work. well, there is an agreement out there, it was agreed to, and senator reid is now changing that agreement, changing the commitment he made in exchange for getting concessions from this side. this isn't a breaking of a word like you elect me majority leader and everything is going to be sweet and nice. this was a negotiated agreement of great intensity. senator merkley was ably involved in the discussion of it and several other se

their pocket and e-mail on the go and apple is incredibly good at taking ideas that have already been mastered elsewhere and not mastered to the point they become consumer if he nom to have. they can very well do that again. >> brian, isn't this just an acknowledgment to some extent they should have made them bigger last time. >> it was unclear. last time we saw a lot in china and asia, the very beginning of these bigger phones, 5-inch or above, and probably wasn't clear is this a fad or a trend? i think they realize it is a trend and when they do go bigger they will do it right. they won't scramble and throw out a bigger screen. i think that's what they're waiting on. i think you will see it probably next year. >> you think so? you think the story of the fall will be the lower priced iphone? >> yes. >> you don't think it will be a reamped iphone. >> we'll see the lower price and the 5s, two new phones coming out. there is no doubt there is a lower priced iphone coming out. >> and you don't think people expecting something revolutionary in the back half of '13 they're going to be disappointed? >> i don't think so. this is the beginning -- weep in mind before wwdc