when we founded this for me 1995, the first deal we ever ,orked on was for westinghouse which involved acquisition of what is today cbs .orporation and i worked on that with jimmy lee. experience many times over the intervening years, and i was shocked and very upset to learn this news a few hours ago. as jamie dimon said in his own statement, jimmy was a force of nature in the best sense. alix: i'm sorry for the loss of your friend and business partner. seems read about him, it like he was the guy who created m&a. he brought junk-bonds to jpmorgan at the end of the day in the private market. what or his characteristics? -- what were his characteristics? roger: jimmy made leveraged finance into a widespread and big activity. a did that because he was person of great commitment. he believed in that and had the to maintain lots of followers. he did it by force of faith convictions and magnetic -- force of convictions and magnetic personality. he was a special person. alix: roger, what was the number one thing you learn from him working together? mind may becomes to a bit different than y

>>> a ustedes padres feliz fin de semana y un feliz dÍa del padre >>> hasta el lunes. ( ♪ mÚsica♪) orktenÍamos que comerlo. >> en la iglesia catÓlica comen las hostias; las normas en mi iglesia son estas. >> yo un dÍa llego a la casa y escucho unos ruidos. >> o sea, ese es el niÑo. >> ese es el niÑo. >> que

buying milk ork iron ore. and now to you guys. benjamin, what is a big indicator for china? >> milk is a small segment. [laughter] >> that is the key question everyone wants to know. there are quality issues coming out from new zealand, it could be a specific issue to new zealand. i think milk coming out of europe, i think they are accessed about -- accessed -- obsessed about quality. that has been a big source of profits. milk, we are working on it. , if you lookarket at higher bonds in china, even with default, they have allowed companies to default, there has been a 4.6 percent return so far this year on chinese high-yield bonds. compared to almost 1% loss on u.s. government bonds erie it -- u.s. government bonds. one of my hot topics was the bubble conversation. 60-70% chance a bubble could warm in the medium term. but a lot of people say, don't worry, we are not there yet. --ical bull market lasts months. this should run in 70 month. if a correction inevitable? >> think prices need to go higher before you can call it a bubble. then you end up with a 20% decline. i don't

. >> you have to#d ork with the leagues. are they receptive to this?lk to the leagues all of the time and as you were saying earlier, they're very excited about the demographic and that's effectively what we bring to them and they're excited about game time and we're figuring out ways to work together. >> is there a league that's especially more advanced than the other and why? >> mainingjor league baseball has major league media and. >> they have so many more games than anyone else. >> a lot of seats to fill. >> incredible. >> they're certainly excited about what we're doing, but you know we're building that stand alone and going as fast as we can because as you guys were talking about earlier, it's harder as a larger organization to innovate as fast as a smaller organization and so speed is really our critical approach to -- to growing it. >> your old team the white sox are selling tickets for as low as $2.33 when bought for an entire month. >> admittedly the new kaminsky is not in the newer part of town, but if you can get the person in the ballpark

if you add in part-time, people who are working part-time who are necessarily do not want to be .orking part-time jobs the jobless rate is much higher than the 5%, closer to 7%. the jobless rate. given that scenario, we are still way off than where we were that ishe recession and a reason why we should hold off on hiking rates. mohamed el-erian: unambiguously, we are not back to where we need to do in terms of economic robustness, growth, prosperity. we still have a long way to go. the labor market can improve further and in particular, part-time to full-time, increase participation rate and get wages to be more dynamic. the editorial is right in terms of absolute. we're not there yet we're getting closer. remember that we also start from a situation on the policy rates at add -- abnormally low rates, suppressed interest rates. you have to counter with this. i think net net within the fomc this will be seen as conducive to them hiking this year and not waiting until next year as the imf has suggested. he also responded to the statements. bankers are still likely to raise interest rates

>> and the oak on land museum is looking for people that want to convert the old bay bridge in to orks of art. what you have to do to qualify. we are here with the weather. >> and another cool day for june temperatures, only topping out in the 60s and 70s as we head to the weekend we are tracking a warm up that includes 90s. we will have the details andhe full forecast ahead. >> all right, and they are calling her miracle. what she survived and the special care that the condor is getting at the oakland zoo. we will be right back. >>> tomorrow, marks the fifth bitter day one of san francisco's fastest growing companies. how uber has changed our lives. >> hundreds of thousands of drivers he was one of the first. >> we were just picking up the uber employees. >> it started with our ceo and his friends and they youknow had the idea, you know, what i we could touch a button and get a car. >> what do you think of the? it has caught on by old fashioned word of mouth. >> i love it. >>> i love when it's coming and if it's cong. >> that's one group uber has nt been make happy, xi drivers what st

a line orke a go in take a left or a right.ecking typing commands to make it go left or right. pretty advanced. my name is dennis crowley and i'm the cofounder and ceo of foursquare. everyone has ideas for things that should exist in the world. everything that is going on now, you can assemble little bits of code the way you would like a lego blocks and make, located things pretty quickly. the stuff i write is not very elegant. if it was enough to get the point across, enough to scrap a prototype together and enough to show real engineers, a come i have this idea, can you help me make something awesome from it / this is the first piece of code for foursquare. i guess i wrote this in late 2008, the big idea being, if you had all this information about where people had been, because they had checked in, could use that to make a list of all the places that are popular with my friends that i have never been to before. the stuff i wrote here is not scalable. the version of foursquare i built very early on could only support 5000 peo

i was looking -- .orking at cbs at the time --was a lot of money [laughter] i can't remember what i ateay. i called fred wilson and he is sort of my last guy, and he thought it was a genius. he started using the $ and fred. it was genius, and i kind of got suckered into starting another company, but i really build it for twitter or for a brokerage to buy. we build off of platforms, so and we pulled out all of the people just focused on talking about the stocks all day. betty: so people who use the dollar sign or that symbol, they get strength from the? howard: eventually enough people were over there that that we -- that we stopped pulling people -- pimm: what is an example just so we understand? howard: sorry? pimm: about twitter, in terms of service? howard: you could use the bird in the right way and he would just wreck our flow. you have 90% of messages, some 100,000 over a day are just on others and not on twitter. so that is the mistake on twitter, they let people suck the life out of the river. i look at twitter as a river, you are the nile river and eventually you become pollute

>> i am mork from ork. >> the writers, he wants an alien. i had to make the story up.s running out of adversaries. >> fonzi never lost yet. we have the home planet advantage. >> then we have him on the own show. and "mork & mindy" was the hit show of the '70s. >> ah. >> the audience talk about a willing suspension of disbelief is willing to buy the premise. >> mind if i do? >> just so they can watch robin williams. >> nanu-nanu. >> excuse me! >> that was an interesting part of the balance i think of the television diet. there was an attempt to ex-mrr deeper into the psyche of what makes us tick there was also a need to escape. >> i'm going to a beach barbecue. >> uh-huh. i can see what is going to heat up the coals. >> this is any single phenomenon that tilted the books. it's the cbs affiliates meeting he explained how t & a shows are concocted. >> they take the clothes off three times. and get idea. so they jiggle. and then they say, now, let's get three undressed scenes. and three jiggles. and write a script around it. >> there are some who will tell you t & a has pe

ork prison gets scarier. the search extends from canada to mexico. it's clear they had help and authorities have a major lead in the department. let's get to polo sandoval in new york with the latest. they are talking to a civilian employee who they say knew the two men, quote, very well right? >> reporter: yeah chris. in fact much of the investigation today is expected to be on this woman. she has not been arrested. still, they are trying to find out what kind of story she can share with investigators. police believe she may have helped in this daring escape. while that continues, we are trying to get a better picture of what this escape was like. we encountered a man with unique insight. the intense manhunt is spreading. the fugitives could be anywhere from new york's north country up to canada or south into mexico where a 49-year-old fugitive richard matt is believed to have connections. >> anything is possible. we need the public to call in. >> reporter: an employee is being questioned as a possible accomplice. she knew richard and sweat. she has

ork, to be sure, there are a lot of great talkers running for president already.ch our record of actually shrinking the size of government. if great speeches helped our country, we'd be on easy street right now. the guy in the white house today, he's a great talker. we have a bunch of great talkers running for president. we've had enough of talkers. it is time for a doer. >> from louisiana, governor bobby jindal announcing he wants to be president of the united states. seeking the republican nomination the first indian-american to seek the nomination. back to bob strong genevieve woods. what i read earlier in this broadcast and what i'm listening to right now, are we talking about the same guy? >> i was wondering if maybe he changed your mind. you have different lists. >> you know it's a pretty good sales pitch, but i don't see the numbers that way. what do you make of it? >> he's clearly going it run as somebody who's outside washington, not the inside guy. he's going to run as somebody who's a governor saying i'm an executive, i've done things. that's what we ju

and it really was a great example of the interagency orking and pulling together for a common cause. you know our government is bureaucracy. in time of crisis it's amazing what we can accomplish in short order and this certainly was a time of crisis. even within d.o.d. it was a team approach as you see these gentlemen here. not only was my office that's responsible for the life cycle development of these products involved but we had medical countermeasures, systems that lead the everyday to develop and require safe, effective and innovative medical solutions. the walter reed army medical institution of research or rare, conducts biomedical research that's responsible to needs and delivers life-saving products that sustain the combat effectiveness of all of our war fighters and the united states army medical research institute for infectious diseases is the leading laboratory for medical biological defense research. let me give you an overview of the response. the response was four-pronged. identifying the causative agent, providing diagnostic tools, treating the infected, and prevent

i do not believe in the old ork and all that. was raised as a person who really read the news, listens to the news. if i am in the car, i listen to npr. i just wish that on the network news if you are going to say that there is a tornado in kansas that you would tell us what city. usually they do for tornadoes but when they say a bridge collapsed or a car ran into some ring, they do not tell you especially the networks, they do not tell you what city. i'm from michigan and i would like to know other than just hearing in michigan someone died, i would like to know where. host: sally, do you worry about people only watching news that coincides with their political views? caller: yes. coincides with their local news? host: no, their political views. caller: i agree with your previous caller that the extremes really seem to take the center. our congress does absolutely nothing to calm the atmosphere. they just grabbed it up. we had lived in the washington area for 40 years, and i really enjoy politics. it is a game, as it is played n

ork with the facility to make sure they're using them aappropriately >> i know from my specific experience in the men's room on the first floor i have seen all sorts of crazy stuff in there and never one felt my safety was it. >> that is create. with the -- >> that is great. i have had communities from others who have felt unsafe but i think having bathrooms is important we will do whatever we need to do to make sure people have access. >> thank you for the point that was made. >> commissioner chung? >> speaking of public comment that is a public comment made in the last meeting but the meeting before about the discontinuation of the bus line 33 it's been discontinued so i was wondering if there were conversations we had with mca >> our policy director lead that effort paul ine will discuss that >> we have a group internally with mta to talk about changes to the bus line. mta says line 33 will be discontinued so the transition can can happen smoothie also we don't have direct information but [inaudible] on my staff and well as megan we're who the director mentioned works on the tran portat