us for news 4 noonan at nbcnewyork.com. see you tomorrow. join us for n >>> well, everybody, it is good to be alive on this funday monday. he's a great singer, andy grammer, while hoda is in rio getting ready f behind the scenes of a reality show -- >> i do all the time. >> i bet you do because you have time on your hand. "unreal" takes a fictitious look at the chaos and coniving that goes on behind the scenes of a reality show. >> and constance zimmer plays quinn and is trying to get back into rachel's good graces. >> good luck with that. take a look. why? >> because i want back in. >> i'm listening. >> okay. well, you need something that you can build an episode on, a moment people will be talking about tomorrow. >> mm. i know that look. who's your target? >> rachel. >> oh, real rachel versus hot rachel. go for it. >> congratulations on your nomination. >> thank you. >> what a thrill for you. what was your first thought? >> you know, i was in france. i got back two days ago. so i had found out about it on twitter, i didn't even -- my agent

. >>> coming up, more on apple and that eu tax penalty, including michael noonan.wk on the street" will be right back. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. ♪ >>> good morning and welcome back to "squawk on the street," i'm david faber, along with sara eisen, and carl quintanilla has the day off. let's get a look at the markets. you'll see that we are -- well, not doing much of anything. nasdaq is up a bit, crude is also up, as well. our big story of the morning though apple being ordered by the eu to repay $14.5 billion in taxes to ireland. that stock as you see is down really not that much. we're going to have a lot more on it in just a minute, plus we'll have an interview with michael noonan, who's he

>> peggy noonan wrote in "the wall street journal," there will be no second acts or pivot, it's that he doesn't have the skill set needed now, discretion, judgment. to whose republicans out there who believe that and may do a write-in candidate or vote for hillary clinton, what do you say to them about that sentence? >> i say that the left, the progressives, are going to pull every trick in the book. >> but peggy noonan is not on the left. she's not a progressive. >> i think she is a progressive. but at any rate -- she may not want to admit it but if you look at some of the things she's been talking about. but anyway, here's the point. they do not want to see this happen. what they have to do is divide the conservative base. and make a bandwagon effect. anybody with any thinking ability will abandon trump. but what people have to think about, it is not what they think about donald trump. it is about what will happen when the supreme court and the federal courts are in the hands of the secular progressives. >> that's one of the things we'll be looking for this fall. dr. ben carson, th

john noonan writes, buckle the hell up. trump is an elephant jumping up and down on one side of the scale. so damn dangerous. he joins me now. you write about what it's like to sit, i think, a hundred feet underground as part of the nuclear command structure. what was your experience personally? >> well, thank you, chris, for having me. i appreciate it. it's san awesome responsibility. there's no question about it. you said it best yourself. the power to take life with these weapons is almost incomprehensible. we are blessed in that we have some of the finest men and women on the planet who are volunteering to do this duty, and they do it well. right now, there are about 90 young air force officers out on nuclear alert right now, hundreds of feet under the wyoming soil, under the north dakota soil, under the montana soil, quietly doing a job that is really the gravest of responsibility that you can ask of a young military member. and to see donald trump play so loose and so fast and so callously with such an important, impo

. >> peggy noonan, it seems like -- because you do talk about the message is powerful.e see it in our own poll. i'm going to show a result on sunday. the two just excerpts from the two acceptance speeches and how much more powerfully trump's resonated with the public than clinton's. but peggy noonan wrote this today. not a wide-eyed liberal columnist. here is the truth of life. when you act as if you're insane, people think you're insane. that's what happened this week. people started to become convinced he, referring to trump, was nuts, a total flake. how do you prove a temperament? you heard what donald trump said today. my temperament is fine. people say it's fine. how to prove he has the temperament? ronald reagan had a quiet persona. but reagan didn't make mistakes to play into it. trump is making mistakes that play into the charges that clinton's making. what can he do? >> the narrative's against them. >> what can he do to prove he has the temperament? >> it's not a brain issue. it's a heart issue. show me that you care. go out to these clinics, these heroin clini

. >> you want to catch jack at the mic, where's on stage again september 23rd at the noonan sports bar near 225 and iliff. >>> if you like supporting . flights are great. they went to play a concert for a girl in centennial. she is diagnosed last year with hlh, immunodeficiency disease and has been in and out of the hospital and is preparing for a bone transplant. and she's a huge fan. her uncle knows a few members of the band, so they showed up at her house tuesday afternoon. >> and nathanial brought up some balloons and my sister was like i think someone is out there to visiyo she couldn't believe it. and he comes in with his cool hat, and you know, they're just -- it was hard to believe. you know, they didn't have to play three live songs in my living room, but they did and anyway, she is a tough kid and they did a nice thing for her and we're proud of her and how strong she is. and no matter how famous someone is, they can still cara weekend. >>> if you believe in the power of positive thoughts and prayers, but her on your list for prayer. thank you for joining us. >>> tonight on t

. >> reporter: michael noonan says the commission's ruling is a bizarre decision with no economic basis. the irish government is going to fight it in the european courts. >> they will inquire into all the details of the decision and to the background of what has happened. in my view, that is the best way forward. >> reporter: apple is also going to appeal. in an open letter on apple's website, tim cook writes "as our business has grown over the years, we have become the largest taxpayer in the world. at its roots, the commission case is not about how much apple pays in taxes. it is about which government collects the money. " the irish government insists it doesn't want this life- changing amount of money and the defense minister says ireland can't afford to be seen as a country that shafts its key investors back jackie ward, kpix 5. >> the irish times reports the money would be equivalent to 20 new hospitals or an end to property taxes for the next quarter century. >>> right now, a campaign is launching to pass proposition 55. bay area teachers, parents and students are coming together

the irish finance minister michael noonan says apple has paid all the tax due, after the european unionowes ireland. anna: he said the government will appeal the decision, and reassured companies that ireland was stand by them in the tax rate. >> there is no contagion effect to other countries. what i am saying is we do not think this decision is valid. we are going to appeal this decision beard and we are saying . and we will stand by those coming that invest in ireland, and have a tax rate that is applicable under irish law, and we will stand by them, and we have assurances from many of them that they will continue to invest in ireland and create jobs in ireland. manus: joining us to discuss this and more is peter toogood. peter, thanks for joining us. maintainiglitz would that this situation with apple and ireland is undermining the global tax system. he said on ireland, you would have thought that this would be a big windfall for them, and it makes you feel like there is a sweetheart deal. the truth is, apple indicated in ireland, something many american companies have done. just th

strategy that brought him here versus democrats and tried to turn that into a weakness. >> peggy noonance of the republican party establishment and it's a damning thing to say and this is liberals in the never trump movement overreaching because if you will question his mental capacity. letta's look at the evidence. he's built a $10 billion brand and he's raised children with sterling reputations and he beat out 16 competitors in a field in which he never participated in and that is politics and to overreach and go to this unbelievable level i think it will backfire. >> cohrin, to it point, hillary clinton is close to unhinged, i want to say close to. he put that qualifier in there. donald trump has survived every type of attack so far and he's turned it successfully on his opponents before. he's trying to do it now. could he succeed? >> here's the thing. here's what we need to remember about donald trump. he is a ruthless, diabolical businessman. he knew exactly what he was doing in 2012 and 2011 when he was the spokesman for the birther movement and he knew exactly what he was doing 1

the script some presidents have had wonderful writers for their scrips and ronald reagan had peggy noonan and george h. w. bush when he became president and they were writing speeches. words are much more important than many people realize. >> using words is a huge part of leadership. to all have that power of communication and with the door in thing full - - franklin roosevelt. could we still'' the maltese following generations imagine martin luther king. that is why it is so important that we all learn to use the english language. one of the marvelous aspects of the of quality of the letters that they wrote they could be touching in their incapable as the collection of library of congress approves, they were incapable to write a short letter or a boring one. if you want to get inside their lives as human beings then they plan on paper. even if they had not succeeded so much is there to learn from their attitude of life and another purpose in life to remain modest but you were brought up to be modest you did not brag. you had good manners she did not tell lies the wright brothers never w

for the response, ireland's finance minister, michael noonan 11:15 eastern time.an afternoon, morning we have for you on bloomberg. ♪ vonnie:vonnie: you are watching bloomberg. i am vonnie quinn. what we are watching. apple is being hit with a massive tax ill. charging more than $14 billion because of the illegal cap and if it. -- tax benefits. volkswagen lays out the timeframe to reform the company after the gas investigation. the government fears the reconstruction. we look at what is being done to minimize damage. they european commission has ordered apple to pay more than 14 billion dollars, plus interest and a long-running tax case. the largest tax penalty in the three-year crackdown on so-called sweetheart deals. quick this selective tax treatment of apple from ireland is illegal on the state aid rules. it gave apple a significant benefits compared to other businesses. the eu says in 2014 the tax break on the european profit was five 1000 of 1%. apple and ireland said they will fight the eu decision. the chief executive of volkswagen says it will take two to

join us for news 4 at noonan on nbcnewyork.com. an on nbcnewyork.com. f on nbcnewyork.com. on ?? >>> it's friday and we are back with a special brazilian edition of the show as the opening ceremonies get under way in rio and that is where hoda woman is right now and the lovely jena bush >> do you know how to say hello in portuguese? >> ola. >> that's correct. that is an easy one and a lot of portuguese gets trickier and lucky for us we have someone here that can help us learn a little portuguese. >> no, don't touch my benny. >> that's benny melhaber who was born in rio, but he's really from austria. he's a midfielder with sporting kansas city, ola, benny! >> becca. >> and they are going to be on our team. so, benny, we want you to take it away. you will tell us how to play this game. >> will give you a saying in portuguese and you will tell us what it means in english. >> and we buzz in to win. oh, yeah. don't forget. >> mike's testing it and it worked. okay. >> benny, let's start, baby. >> here we go. drown the goose. in portuguese >> does it mean to push. >> snooze on the alarm

mark barton spoke to michael noonan earlier and pointed out the opposition party in ireland would like to see just that. mark: why don't you just accept money and shut up? $13 billion is a lot of money. guest: i have a responsibility for advising the government on these matters. this has rescued ireland from 2011 on and from the creation of high level jobs, it's fundamental to our economic policies and we stand by our economic policies and we're going to protect our economic policies. we are not going to get into a situation of short term gain for long-term damage to the economy. emily: standing his ground there. what kind of long-term advantage are we talking about? alex: as we heard yesterday, people were saying on a scale of one to 10, 10 being extremely damaging, 23. ireland has 140,000 people employed by u.s. tech companies and the risk is they start to be put at risk and it ceases to be the place where companies might go if they go to europe. ireland is about 180 billion euros in debt, so this will go toward paying that off. why should i subsidize apple to have 5500 jobs in irela

michael noonan. the european close next.his is bloomberg. ♪ mark: you are watching the european close. i am mark barton with vonnie quinn. five minutes away from the end of the tooth a session. rebound from yesterday's losses. more gains in london because of declining mining shares falling as the dollar rises. have a quick peek at the currency board. the euro is down for the seventh day in eight days against the dollar. that is giving a boost to exporters. that is why euro area stocks are gaining. this is bloomberg. ♪ . life from london and new york, you are watching the european close. them all buting two industry groups are rising. a bit of a turnaround from yesterday. resourcesgoods, basic declining today. let's get to why. to overweightaded from equal weight. barclays has built a strategic originalfrom product perspective the last decade. it says it is well considered. they pride -- press target is up 21%. up 44 euros today. 89% have a buy. 7% have a hold. creditout noon in --noon credit? it -- according. we have shares

i'm referring to 21 seconds you'll see in a moment with the irish finance machines terr michael noonanour own channel cnbc this morning. let's roll the tape. >> the irish revenue don't do deals. they issue opinions to verify a tax situation for individual companies, but we never do deals. they have to apply the tax law which is passed by parliament. they have to do so without fear or favor across all companies. >> now, what's interesting here is let's dissect this in two parts. the first part is basically he's talking about duly legislated laws. the irish parliament makes laws regarding taxes to implement those laws there's always the notion of clarification and interpretation, which was all done, according to the rules, but you have brussels, who has their own set of rules that don't necessarily jibe. we've talked many times, the rules of the road. the reason why many economies have done so well like the u.s. and for a significant period of time make even the eurozone, you make rules and every follows them for the most part. investors feel confident to make investments. let's get to t

>> is that the irish and michael noonan in particular is a patriot. he's doing his job. he's not saying he makes the laws. he interpret the laws. and he applies them without fear or favor. think about fear or favor. think about the fmoc committee some point in the future deciding what corporate securities to buy. you think a little fear or favor might be in there? if you're a company on the outs of the government, would you be on the list? if the government wants something from you? this isn't the way it's supposed to be. i think our treasury does much of the same thing. they just do it a little better. >> hmm. >> keith, before we wrap up here, you know, you did say that the market feels as if there's a soothing tones of janet yellen. financials up, dollar up as kelly said. are we now getting to a point to flinch for the next fed rate hike? >> i don't think so. everybody believes, everybody i talk to, both clients and traders alike, 25 basis points won't eviscerate what's happening inside of this market. back to something that rick said real quickly, i think he's got it

"wall street journal" columnist peggy noonan's "the time of our lives" is a collection of her columns and comes in eighth on the list. finishing off the new boston post's list of suggested summer reading are randy barnett's examination of the constitution and how it applies to politics today and restoration, another book by george will on term limits and a functional democracy. booktv has covered many of these books over the years. you can watch them on our web site, booktv.org. .. aspire the view to hold conservative ideals that built this country. programs like this conference to promote individual freedom free enterprise, strong national defense and traditional values. each year the foundation succeeds in introducing thousands of people to these ideas through conferences, internships, campus lectures americans for freedom, president of entrepreneurship and free enterprise and national journalism center. in 1998 the foundation stepped forward, ronald reagan's ranch in the sky. his ranch is fundamental in helping our ability to build on his ideas to future generations. for more infor

herself all worked up into that landlady voice get your bicycles out of the hall which my friend peggy noonano well p. and she said we will not only pen about alize companies that you've oversea, but the ones that even though it was legal, whether he put a tax on people who did things that were legal. that is against the constitution. the constitution forbids expo factor political legislation. it's frs flatly forred abouten. she was two years behind me at yale law school. she must know that. where did she get that whacky idea. >> certainly not from you. you think that both haven't done enough or are come tributing to the deficit issues and is that a serious problem top to bottom here in the u.s. >> well, we have a very roughly $19 trillion federal deficit. we're never going to be able to pay that. there will have to be some kind of a default one way or the other. mr. trump's plan will add to the deficit milgghtily. but a whacky thing going on, it doesn't seem to be affecting the commit very much even if we run these large deficits, even if they're financed with printed hone from the printing

"wall street journal" columnist peggy noonan's "the time of our lives" is a collection of her columns and comes in eighth on the list. finishing off the new boston post's list of suggested summer reading are randy barnett's examination of the constitution and how it applies to politics today and restoration, another book by george will on term limits and a functional democracy. booktv has covered many of these books over the years. you can watch them on our web site, booktv.org. ..

minister michael noonan says apple has paid all of the tax due for its activities in the country.his comes after the european owed said that apple ireland back taxes. >> apple has between 5000 and 6000 people employed. they have substantial economic activity there. -- on the profits generated by the activity in ireland. david: investment bankers at europe's biggest security firms are watching their bonuses melt, according to data compiled by bloomberg. this drop has widened. more than $2.5 billion in value per share -- in value. credit suisse, deutsche bank and ubs. that is your bloomberg business flash. guy: david, great stuff. french cpi breaking. let me show you what is happening here. this is year on year number coming in, in line with expectation. the actual number in terms of the month on month is a little bit of a pickup. in lines with expectations. we are seeing some firming in the inflation expectation. a -.4.ersus below the liney we would have to get to take get -- to keep the ecb comfortable. -- from the -- in terms of the total number. that is the number the ecb is goi

. >> or as peggy noonan says, the bull that has been tormented so much that it goes right into the sore. last word, governor. maybe these metaphors are dangerous. i do find them apt. >> i think the senator cut him to the quick. the reality is this is a bully, he says it from up on the stage, gives them an opportunity to think about what he may have made mistakes about and get the apologists all lined up and it's not really what he meant. i'm telling you that this is a dangerous human being who must be repudiated lest we repeat what we have seen happen in our own country and other countries. let's be clear. he does not have the temperament to be president of the united states. this is not someone we turn the nuclear codes over to. >> i wish you were running, governor. susan page, a center of intelligence and common sense and journalistic integrity. then there's you and me. michael steele, thank you. tonight at 11:00, join me for a special, i guess these are catching on. a live edition of "hardball" tonight. the latest on the presidential race, all the news that's breaking tonight. also t