oliver: i am oliver renick. we are coming to you from inside the magazine's headquarters in new york. carol: the uphill battle president trump may face. oliver: we talk about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with megan murphy to talk about some of the stories in this week's issue. it has to do with politics, it has to do with trump, and potentially tax reform. megan: this story cuts to the heart of the issue. campaign promises and agenda items they thought were going to be easy to get through, tax reform, just the situation they popular onrm is both sides of the aisle. the situation they found themselves in is the coalition they need to stitch together is harder than they thought. oliver: peter always has great analysis. the conversation the past week is since the health-care bill failed, what does it mean for tax reform? what did you like about his take on this? megan: peter always has great insig

oliver: i am oliver renick. you can also catches on the radio. showbiz section, a profile of hollywood's go-to guy on emerging technology. oliver: abe burns is 33, a miami native, and he moved to a lay a number of years ago and has been working with madonna's manager and ashton kutcher, the actor who is a partner in a-grade investments, a venture capital firm. the three have been working together since 2010, and abe is one of the key people trying to figure out what tech startups they should invest and come in developing new technology for madonna, coldplay, amy schumer. carol: how did he get there? he is 33 years old. tell us how he got there. he is playing around with some big names. >> he was always into playing music and listening to music, punk rock, as a kid, and he went to nyu and quickly decided that he wanted to start working in the music business, sometimes more than he wanted to concentrate on college, so he got a job in sony marketing, and as a college freshman was running around with a big backpack of promotional materials promoting

♪ oliver: welcome to "bloomberg businessweek." i am oliver renick.ou from the at newzine's headquarters in york. the satirical newspaper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week. a look atake stents. megan: this is a story that looks at how stents which are relatively cheap, not a huge amount of money. $8000. have a stroke, this be they can alleviate that pressure, bleeding on the brain is crucial to recovery, but what this article talks about is how the injection of these metal stents are not common because -- beacuas are only aboute 115 stroke-specific care centers in the u.s. paramedics are usually the first responders and will make a decision and evaluate somebody. if you don't go to one of those specialist centers, you are more likely to get a drug. the stents are more effective and lead to better

oliver: and i'm oliver renick.in the politics and policies section, a look at president trump's efforts to document stories from alleged victims of crimes committed by undocumented immigrants. oliver: we talked to our group dairy is brought in. >> voice stands for victims of immigration crime engagement. it was called for in an executive order by donald trump and elaborated on by a memo by homeland security secretary john kelly. i heard about this organization and was intrigued by the acronym, so i reached out to ice. and we don't -- the agency is not operable yet, and there are still a lot of uncertainties about what it will look like, but ostensibly being sold as an organization to engage with victims of crimes committed by undocumented immigrants. the memo by john kelly calls for funding for the program to come from services that previously had been devoted to advocating on behalf of of undocumented immigrants going through the enforcement system. now, ice has said this is about serving victims, but some of the

oliver: i am oliver renick.ol: the man that president vladimir putin may worry about the most inside russia. oliver: i talked about alexei navalny. >> alexei navalny is perhaps the man vladimir putin fears the most in russia. he is an opposition candidate. he is touring the hinterlands of russia trying to get his name recognition out there. he is barred from going on television. kremlin officials try not to say his name. less than half the russian population know who he is. oliver: you must be onto to something if you are not allowed on russian tv. tell us what the protest movement entails. >> it is all about corruption. he has just put out a film talking about the, really detailing the eye-popping corruption and the money that putin and his supporters have taken from the state. this protest movement happened in 80 cities across eight time zones. that surprised the kremlin, and that would probably surprise navalny too. about 60,000 people came out across 80 cities. about 1000 people were arrested. there is an el

oliver: i am oliver renick. hackathon hustlers making a living from coding contest. on thefe is really like border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. so many stories, double issue. you look at hackathon's. s. way tothere is also a make enough money to only work on the circuit. people using these marathon coding sessions to test a product or take it to the next level. they are rewards, sometimes cash, swag. we find people whose entire apartment is littered with tvs, printers, shoes, anything you can think of from participating in these sessions. oliver: the idea was popular popularized in the social network. carol: it sounds like a big frat party. oliver: these guys are top of line and could work for major companies, but choose not to. ,egan: it is almost this cycle this rite of passage, when you are young and don't have a lot of obligations, you probably feel free to have an all-night hackathon and come

oliver: welcome to "bloomberg businessweek." i am oliver renick. fitness where the slide from prosperity to poverty and chaos. we examined the effects on the region. we go to canada, justin trudeau opens up to our editor about working with donald trump. then, the prestige, power, and celebrity influence of sheryl sandberg. all that ahead on "bloomberg businessweek." ♪ we are here with editor in chief megan murphy. venezuela, it was an emerging market that was firing on all cylinders. different story today. megan: incredibly different story. the thing i like about this piece is exactly that issue you bring up. there is a quote that says they can't picture a country that has fallen so quickly, so fast, not just economically or markets, but the actual impact on people. it is so alarming. the average venezuelan is losing 19 pounds, the struggle to get access to food. oliver: does this signal a change of ideology or regime shift in terms of political ideology within latin america? absolutely. you have hugo chavez of the most prominent example of someone

i am oliver renick.an also catches us on the radio, sirius xm 119. in the markets and finance section, how washington's efforts to loosen financial regulation could spur a dangerous race around the globe. >> regulators of the last couple of months have looked at at least two big factors that happened last year, the election of donald trump and the vote in britain to leave the european union. regulators have spent the last better part of the decade basically trying to ratchet up rules to prevent banks from taking exceedingly risky bets and to make them safer and prevent the potential for future bailouts, said they are looking at those two factors and are getting wary, thinking about how countries might compete to loosen regulations. -- oliver: -- whether central bankers, politicians, tell us who is giving that view that is of concern. there are a lot of people on the other side who say we need this. who his feeding the front to say let's knock it carried away here? >> bank regulators are the ones voicing

i'm oliver renick.litics and policy section, the investigation into russia's interference in the election has become the main act. >> here is what we know. in january, the intelligence community, by order of the obama administration, concluded russia did attempt to interfere with the election and did so to benefit president trump. it is the job of -- now we have two congressional investigations orange going, the senate and the house. it is job of the f.b.i., that we know very little about actually. it is the job of these investigators to answer the question whether there is any evidence that suggests trump associates, either affiliated with the campaign or the administration, had anything to do with these facts that yes, russia willfully interfered with our election. the real dynamite will be whether they find any evidence that ties this directly back to the president. there are a lot of questions that exist beneath that about whether any of his associates, the campaign or the administration, had any kn

i am oliver renick.politics and policy section, the senate's investigation into russia's interference in the election has the main act. we spoke to matt phillips. matt: here is what we know -- in the intelligence community, by january, order of the obama administration, concluded russia did attempt to interfere with our election, and it did so to benefit president trump. now we haveb of -- two congressional investigations ongoing, senate and house, it is the job -- and the fbi, too, that we know very little about, actually -- it is the job of these investigators to answer the question whether there is any evidence that suggests trump associates, either affiliated with the campaign or the administration, had anything to do with, had any knowledge of, these facts laid out by the intelligence community that, yes, russia willfully interfered with our election. the real dynamite will be whether they find any evidence that ties this directly back to the president. but there are a lot of questions that exist be

first, oliver knows he doesn't have much time left.nd second, he's worried about the fate of those cars. >> at one point, he said, "thank god for you. thank god for you." and i think he was so worried about what would happen to his things. >> stuart's no car expert, but he does his homework and confirms that the centerpiece of the whole collection is indeed those cords from the 1930s, the ones he remembers from his high school road trip. what did the last cord sell for? >> i'm not sure, but maybe not more than 400 of these or 500 of these were ever made. >> best-case scenario. >> i'm thinking best-case scenario, restored, is probably $300,000, $350,000 maybe. >> thoughts like that lead stuart down a road that will take him more than a decade to travel and cost him plenty. just for starters, he lays out tens of thousands of dollars to ship in secure containers and build a steel storage building to house the most prized cars. >> it's his life's work, but also if these things are so valuable, why are they just rotting away here, you know?

oliver: -- oliver.l and governance metrics, the three central factors in measuring sustainability. every ethical impact. they have been adopted by the financial community, especially by this guy. he is in los angeles, the ceo of aspiration. thank you for joining us. let's talk about your fund to get viewers acquainted with what exactly you do an offer at aspiration. >> aspiration is an online financial company. our main investment on is what we call the aspiration redwood and read it is fossil fuel free, free. free -- buyer we invest in companies with strong environmental practices, diversity, governance. this makes the company more profitable and valuable over time. in the past year and a half, we have been the top 1% of all large-cap funds. according to bloomberg, the number one top-performing sustainable large-cap fund. aspiration's mission to bring different products to everyday people. this is core to that. oliver: you have a return of 29% over the past 12. let's talk about the structure. you have

oliver: -- scarlet fu. oliver: and i'm oliver renick. peter joins us now to talk about the latest into continue will coverage of active management, and what we can expect from our investing products. you are looking at back testing, the wise and financial data. how did you decide to talk about this now? >> we have seen more and more people to do something beyond plain old vanilla index investing. smart data, of course, is a new trend. smart data is a very vague term. it seems to be, and most tape is desiccated, the people who promote these products are saying look how well this in our testing. they cannot promise the same performance in the future, but there is an up location that if it is done well when we take this program and apply the historical ups and downs of the market and it made money then, it should make money now. and yet, it turns out that is surely a fallacy, because there is no reason. -- what happens is you're not finding a real effect. you're finding random -- the more you search, the more you torture the data, the more

oliver: a busy day and markets.he retail sector coming out later this week at a challenging time for the industry. bankrupt are going said to right and jim prepare a filing any day now. trump-pence is proposed order tax, and the situation could get even worse. joining us now is the ceo of a , manny,pparel company thank you for joining us. mixed signals in the retail sector. a disappointing holiday season last year. what are you seeing? to look at it geographically. the united states has been the toughest lost overall. -- toughest loss overall. the calvin klein business overall. our results in north america have continued to be good. moving across the pond to europe, we see announced andy performance there and significant growth in the club -- in the calvin klein business and asia driven by china, really outperforming their. we are seeing a good start to the first quarter overall, but clearly the u.s. market -- is that?why that is interesting, especially hearing about expectations. manny: there is a lot of uncertaint

this is bloomberg. ♪ oliver: it is 8 p.m. in london, i'm oliver renick.d i'm scarlet fu. welcome to bloomberg markets. ♪ oliver: we are live and bloomberg world headquarters in new york for the next hour, covering stories at of chicago, washington, and ankara. here are the stories we're covering around the world. one hour left to the trading day and stocks -- the s&p 500 rising by the most in two weeks. financials and banks leading the way. president trump with the top banking regulator. what this could mean for wall street. just a week after the company made headlines dragging the passenger off the plane that was overlooked. .he rising labor let's get a check on those markets. scarlet: a bounceback over the declines even after tech is coming back helping contribute to the gains. we thought last week was low-volume and it continues to today. take a look on the bloomberg here. the top line here showing volume for the s&p 500 is showing about 21% below the 20 day average. it looks it the lines running today. another interesting chart that takes a look at ov

oliver: scores to-one. mike regan, think you so much, lisa abramowicz -- you can check let's check on the bloomberg first word news with mark crumpton. mark: the united states has issued 271 sanctions and it response to steering president bashar al-assad's alleged use of chemical weapons. it's one of the largest sanctions in american history. >> earlier today come the united states department of treasury's office of foreign assets control imposed sanctions and respond -- in response to the upper, 2017 sarin attack on innocent civilians by the regime of syrian dictator assad. >> sanctions are the latest u.s. response to president assad is alleged use of chemical weapons in an attack that killed more than 80 civilians including children. president trump said the time to settle the issue of potentially nuclear armed north korea is now. -- membersday during of the united nations security council. world -- it'sbig a problem we have finally solved. people put blindfolds on. it's time to solve the problem. mark: s

oliver? oliver: julie, thank you so much.nks of highly anticipated first-quarter earnings. another story today, barclays eeo facing a significant pay cut and a regulatory probe for trying to unmask an anonymous whistleblower. joining us is the senior finance writer for numbered news. this is pretty wild stuff. what could happen here? that is pretty unusual regulators, not just the bank itself, but regulators go after a ceo. his team went after a whistleblower. the bank, barclays had just implemented better rules to protect was a blowers. it is unusual. but it doesn't look like he's going to use -- lose his job yet. it doesn't look good for them. reading between the lines here looking at this story, the whistleblowing was about another withyee who had worked them in the past and had some sort of relationship with. do we know anything more about that? he has seemingly gone out on such a limb for the colleague of his. whistleblower was complaining about his close colleague and he saw it as a personable -- personal attack. he wan

oliver: i am oliver renick. welcome to "bloomberg markets." scarlet: here are the top stories we are covering on the bloomberg and from around the world. financials leading the overall rally while the nasdaq past the 6000 for the first time. -- terrifyingp saying canadian dairy might be next. the big mac makeover leads to a supersized gain in sales. we will take a look at how the ceo brought people back to the golden arches. u.s. markets close in about two hours' time. let's check in with abigail doolittle. doubt back have the above 21 thousand, up 1.2%, it's best day since march. we have the big risk on rally around the french presidential election. for the dow, the best day since the election last year. 7.5% after a few and 5%. 100 mcdonald, as scarlet was just mentioning, they beat earnings, too. it looks like the big mac makeover is the strength for mcdonald's. we have another milestone here, the nasdaq. analysisof technical at reinhold, he says this is an indication that future gains it may happen, but nonetheless, you do have the nasdaq

oliver: this is very interesting.re are very few instances of a company with a product everybody knows. it is a fairly ubiquitous idea. thatwas it along the way made them change? their stockatching jumped after ferguson as they started talking about body cameras. where's the impetus for the change? tase me, bro, is how they got into the body cameras three they were facing lawsuits. there is a lot of debate about the cause and effect or not. they were facing scrutiny regardless. they developed what was called a taser cam. a little camera that popped into the -- onto the gun in itself. it only capture the moment they asing someone. it was essentially a highlight reel of people getting tased which is not what they were looking for. they wanted to capture what led up to an incident. they developed a standalone body camera. the first one was super clunky. it had three big components to it. it took a while to get what is now the line may have. they have two versions. a body camera that mounts in the middle of the chest and

: i am oliver renick.i am scarlet fu. welcome to "bloomberg markets." ♪ we are covering stories out of washington, buenos aires, and beijing. in markets, u.s. stocks are getting -- gaining, but are paring their advance quite a bit. president trump meets with the chinese president xi jinping tomorrow. this asset manager tells bloomberg what investors want to hear from the meeting and what they don't want to happen. with an exclusive interview with the president of argentina, marie seo macri. -- marie seo macri. macri.icio there was a gap higher at the open. abigail: we did have stocks sharply higher earlier. we saw a very tiny leg lower. over the last hour, it has increased. 0.5%.t the small cap down that is the ground fear index sometimes associated with the trump trade. it could benefit from protectionist policies. let's look at the intraday chart of the nasdaq. it is hitting record highs. but now it's about flat, up less than 0.1%. the fomc minutes that focus on the fed elegy and the commitment -- on the

oliver: i get your argument. scarlet: is their argument to be made that wells fargo, city, bank of america, jpmorgan, their business models might be more easy to understand if there's a split and therefore more attractive to wider base of investors? dick: this is not coming from the investment side. i believe the best thing for investors is to have a andrsified revenue stream provide your customers with all the financial products they need. banking is not a complicated business. commercial banking is a very complicated business. you do not do anything for the commercial bank by taking away their ability to serve their customers with relatively riskless fee-based services. they take excessive risk because they don't have enough revenue streams. oliver: they talk about the volcker rule. if that goes, is there a stronger case for something like glass-steagall? or, can you have the repeal of one without the introduction of the other? dick: you can. the bulger will -- the volcker rule is too complex. it should say you

renovatend i've oliver -- and i'm oliver.dit rating was rated by the s&p global rating. mindless -- the minus. b , multiple people have said they're pulling as from a sexual-harassment scandal. five women have received payments from 20% three box or o'reilly himself in exchange for agreeing not to sue or talk about the allegations. that is your bloomberg business flash update. of portfoliomber managers said that they see value in european stocks. what about european bonds? what opportunities are there and credit? cio at capital management. $9.3 billion investment management form -- firm. -- the 800 pound gorilla is in the room. it is the central bank. the european central bank was a million credit a month, -- now there is 60 million and now they are at 60 million. index, the at this yield is about 4.6 percent. if you take up the u.s. dollar denominated bonds, it is closer to 3.5%. i don't know what you think when you think of high-yield, that doesn't sound like high-yield to me. space, theok at this investment-grade, it trade

this is bloomberg. ♪ oliver: this is "bloomberg markets," i'm oliver renick.et: i'm scarlet fu. biggesteluded the business stories in the news right now. united won't fire anyone after last week's physical removal of a passenger from overcrowded flights. a --eo says the system was the problem with a system failure. he will meet with officials in china about their concerns later. united says it is too soon to tell us about publicity were part -- will hurt bookings. apple plans its was extensive lineup yet. three iphones for launch as soon as this fall. the device included upgraded versions of current models, plus a new top-of-the-line handset featuring stainless steel and more mass cameras. -- more advanced cameras. that is your bloomberg business flash update. , theet: still ahead commodities close, oil on a wild ride and the embattled u.s. shale output. from new york, this is bloomberg. ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call rfree informat

this is bloomberg. ♪ oliver: this is bloomberg markets. i'm oliver renick. scarlet: i'm scarlet fu.l gates is counting on private is him when it comes to fighting global disease. the microsoft cofounder talks about the importance of having a dialogue. >> i am a strong opponent. you can see them early and catch them before they get completely quickly, thank goodness. if we understand on health, we will have a flu epidemic. an epidemic of some unknown .athogen we have had leaders like general mattis now secretary of defense in the united states. particularly, being ready for , it would be an epidemic. you don't want to get out of balance. troubled aboutn the cuts in health funding in the united states of america. what is the possibility that cuts could be scaled back? there is ai think good chance that the administrative proposal of the executive branch won't end up being the exact budget there. there are things like the hiv life-saving work that gets done that has a very strong backing in the congress. budgets go through congress and they require enough votes in the senate. it is com

oliver: there you have it.l be on there as well so we will both be looking more on the outlook. therewhen i look at banks is a few things that pop out to me. this earnings season we are has about a into 15% your beer again. it also has try -- i am valuation. is that a recipe for disaster. >> i will don't want to go that far. it is a recipe for banks to struggle to meet expectations. potentially. you hesitate to say that too much. 65% of companies beat on average. they're pretty good at beating on the bottom line. one thing i want to watch is what happens on the top line. you have seen a slowdown in loan growth, limited appetite with consumers on borrowing, in the auto sector specifically in march. topline growth may be tougher to come by. areas i'm of the focused most closely, and the outlook. it is not just the first quarter of the expectations being high, the financial sector is expected to be one of the leaders of the broad market for the entire year. add to that, to present a quarter after that, aneven more

the very funny john oliver is here tonight! >> steve: yeah!applause ] >> jimmy: we've got a funny show. >> steve: we do. >> jimmy: also joining us tonight, from the new movie "the circle," the always entertaining, always funny patton oswalt is stopping by! >> steve: whoa! [ cheers and applause ] >> jimmy: double funny! double funny, too! >> steve: two times the funny. that's funny squared. >> jimmy: plus -- plus, we brought in these robots from all around the world. and they're good, but they're just frightening. [ light laughter ] >> steve: they're scary robots. >> jimmy: they're really new -- cool-looking, amazing, but futuristic, obviously, but these robots. it's a brand-new segment we're gonna try tonight. it's called "tonight showbotics." >> steve: ooh. [ cheers and applause ] >> jimmy: so you don't want to miss that. no, not one robot does that. and we have great music from james arthur, ladies and gentlemen! >> steve: oh! >> jimmy: look at this guy. [ cheers and applause ] james arthur, "back from the edge." there he is. >> steve: th [

oliver: and him oliver renick.t first we want to get to our exclusive interview with budget director mick mulvaney. >> we are going to speak now with mick mulvaney, the officer and budget director. thank you for your time. dir. mulvaney: thank you. >> your boss and our president said there will be massive tax cuts as far as an overall ma tax reform plan. he would not have said that if you told him he could say that. he would have something to show it. i will not ask you what is in the plan, but ask you one specific thing. that is the border adjustment tax. this is something speaker ryan has said is very important. the white house has not really come down one way or the other. has the white house taken a position? has the president decided on the bat?- that -- the centerpiece of the house proposal, at least the early forms, have all been part of our discussion. i think it is fair to say we have not settled yet one way or the other, but my guess is you will know by know week. david: that would be good. and we had a r

but inside the jail he is inmate donald oliver. >> i got a lot of fans, you know.i'm like, man, that's crazy, the internet did this. ♪ 1,100 gun starz up starz down ♪ >> the king city, it's my city here, sacramento, you know? google king city, lavish d going to pop up, you know? >> i should have went to the nba, man. >> i should have went to the nba, man. i am the most valuable player. >> oliver is currently charged with assault to which he has pled not guilty. his prior convictions include receiving stole property, possession for sale of marijuana, driving under the influence, possession of an assault weapon, and assault with a firearm. though authorities consider him the leader of the starz gang, oliver insists the starz isn't even a gang. >> you know, i really don't play basketball, but you know, i'm good at everything i do. we're not a gang, we're a rap group, we're a clique. we might be five deep but they say anything over three people is a gang. so the police and detectives and the gang task made this into a gang thing, you know what i mean? then you got peop

oliver: be more specific.you say market infrastructure, what are the vehicles to introduce that kind of risk? if you: -- philippe: have aircraft crashing, that is a piece of market infrastructure that is compromised. that is taken out of the marketplace. scarlet: are any of those plausible? always.: i'm not making a prediction that it's going to happen. but do you need to bake that into the cake? yes. you need to make adjustments if these things occur. yes. there is a category of risk that we pay a lot of attention to that has political significance, macroeconomic significance, political, historical. talk about your portfolio because you have different investment vehicles here. you started what you call an alternative data fund. tell us how that is different from what we commonly here is smart ada. -- smart data. it's a balance sheet. smart data is about building better industries. alternative data is about having close to zero correlation on average. not 85 or 90, but close to zero. and having very low correl

i am oliver renick.inally, what could be the most expensive mistake for the u.s. military. ♪ >> we are here with the editor and chief of bloomberg businessweek, megan murphy. we want to talk about something and technology. this is something that can be so crucial and stroke recovery. not everybody has access to them. >> this is a story that looks at how these were relatively cheap. huge amount of money. the speed with which you can get to and relieved that pressure, then bleeding on the brain is crucial to recovery. what this article talks about is how the injection of these metal to take the clock g out. -- clog out. paramedics will make a decision and about you and if it is a minor stroke, we will probably take them to a hospital. if you don't go to one of those special centers, if you will more likely get a drug. what that is showing is that if you can get there quickly, they are more effective. even with the asian population, we see the baby boomer generation growing older. we'll have enough of these

denver and olive beddows were totally devoted to one another.red depression. olive became convinced she‘d be forced into a hospital. she begged her husband to take her life. liverpool crown court was told that in february, at their home in warrington, he tried to do that by hitting her with a pan and then a hammer. he immediately phoned his son to say what he‘d done. the 95—year—old then told police... "she begged me to kill her because she didn‘t want to go into a mental hospital where she thought to be raped. i tried to kill her. i haven‘t managed to, and now i‘ve havejust increased her suffering. she‘s the most beautiful women in the world and i‘ve made it worse." mr beddows admitted attempted murder, and could have expected a jail term when he faced a judge in liverpool. but the court was told mrs beddows had recovered from her injuries and was now living happily in the place where she was being cared for. she‘d forgiven her husband, and wanted them to be reunited. judge clement goldstone told mr beddows... "that is indeed true love... no do

oliver: i am oliver renick. julie: i am julie hyman.saw better than estimated trading results out of jpmorgan and city. city generated the most revenue for fixed income in three years, outpacing jpmorgan's gain. wells fargo reported revenue missed. for more, let's bring in laura keller. i want to start with wells fargo, because that is what you follow most closely. it is amazing here that the pace of the costs continuing related to the wells fargo scandal, you have some numbers on that. what exactly is behind that? really harming everything, everywhere they want to go. a revision in how much the bank expects going forward to spend each and every quarter on this. it is 50 million and 60 million what they had before, and now it will be 20 million higher each quarter. that they are spending for lawyers and consultants, all these different professionals helping to get them through this scandal. obviously not being well received by the market today, they are the worst performer in the banking index. how long does this go on for? is it an ong

what did oliver call it? controlled situation. controlled circumstance. yeah.ast night. oh, please, please, please-- a little roommate respect here, thank you very much. thin walls? we gotta nail up some egg cartons or something, because-- oh, dov. dating a stripper. you're such a cop cliché. uh, don't you mean cop fantasy? because, uh, most men would kill to be in my position. or should i say positions? pfft. couldn't do it, man-- i mean, date a stripper. don't you ever feel weird? no. hey, how are things going with you and jerry? confusing. baby, boyfriend, the job-- might as well throw 'em all in a blender. look, could we not talk about this? i mean, some of us are newly single. would you grow a pair? you know what, gail? this whole thing with your brother isn't my fault, and we have to work together, so... so can't you be nice to me? that's the pair you grew? whoo! bravo. why am i the only one who's ever on time for parade? because your dad flies you in on "peck force one" every morning. (laughs) are you coming? yeah, i'll meet you in there. callaghan, how'

i'm meg oliver.s is the "cbs morning news." iconic images of our time. i'm meg oliver. this is the "cbs morning news." allergies with nasal congestion? find fast relief behind the counter with claritin-d. [ upbeat music ] strut past that aisle for the allergy relief that starts working in as little as 30 minutes and contains the best oral decongestant. live claritin clear, with claritin-d. >>> our top stories this morning, the trump egypt is reeling after two bomb attacks. they took place at two churches on palm sunday killed 44 people and injured more than 100. isis has claimed responsibility. >>> and the trump administration is defending the u.s. missile strikes in syria. it's also pressing russia over what it knew about last week's deadly chemical attack in syria. secretary of state rex tillerson makes his first official visit to moscow tomorrow. >>> special elections are coming up tomorrow and the following tuesday to replace house members. the races are getting national attention as a possible p

oliver: i am oliver renick. carol: the uphill battle president trump may face. about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with megan murphy to talk about some of the stories in this week's issue. let's start with the opening remarks

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to olive garden. neither company is particularly healthy food.den is perceived as being healthier than chilies, unlimited salad bowl and chilly gives you baby back ribs. i'd rather have a smaller dividend and growing business than larger dividend and shri shrinking business. some contend darden has gotten too expensivexpensive. it's best in show. don't worry, it's not real wine what they tell me. this seems fair given the few restaurants grower. how many money managers will pay for a stock that might have declining revenues. bottom line, it's very tough to invest in the restaurant industry right now and why it's so important paying off for green stocks like darden rather than going bearing gan hunting for companies like blinker. blinker, letrink brinker, let's say they have a lot of work to do. >>> let's go to dick in kansas. >> caller: long time neighbor. we're impressed with the product of a store service and it is very clean and considering b buying incremental shares in my position. i wonder what you think about it. >> i like the idea. it is

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