also joining us is our chief washington correspondent, peter cook.ny more detail from what we heard from the president and what he said about his support for a new prime minister in iraq customer >> it was noticeable that he did not mention real maliki by name. he has spoken directly to the new prime minister designate and it is clear who the united states is banking on and it is not nouri al-maliki. trying to send a clear message where the u.s. is and we heard over the last couple of days, tying u.s. support and international support to the iraqi government on the notion that government has to move toward in this lyrical process. there has to be some sort of push toward reconciliation between these various factions. without it, it might make a year difference. >> ambassador, since the president focused on the new prime minister of point i the president, what can you tell us about the personality of nouri al-maliki? >> nuri l maliki has been prime minister for eight years. he is a very stubborn guy. he has done some good things for his country, when

peter cook has details. >> let's start with a foreign-policy crisis. he did talk about immigration as well, but the immediate news coming from this statement from the president, this brief press conference, he made clear taking expectations off the table that the u.s. might conduct airstrikes into syria. the president basically saying, listen, we don't have that option on the table yet. we are still developing a strategy both up he's going into a meeting this afternoon and evening with his national security council. there is some talk that the u.s. could move right away to launch air strikes. the president clearly taking that off the table and even saying that he would go back to congress for more broad discussion about how to take on isis in the region. that issue, basically put to bed on -- for the moment. on the subject of fruit -- ukraine, an announcement by ukraine that russia has crossed the border not only with troops, but heavy weaponry. we have nato officials releasing satellite imagery that they say proves without any doubt that russian force

. >> peter cook, thank you. let's get instant equity market reaction from matt miller, who joins me now. volume is lower than normal for the summer. >> volume, you are always going to see it lower around the fed announcements. computer traders turn off their outward rhythms and don't know how to read the fed language as well as, say, peter cook does, for example, so they will slow down computer-driven trading around these announcements. expect it to pick up. the interesting thing is that we have seen markets gaining, but not by a heck of a lot. job gains may bring faster interest rate rises. the kind of thing that you would expect to normally spook the markets. but this market seems to be holding up white well. we opened up on the s&p this morning, up to 1986. a nine point gain, we are back down to 1984. giving up a little bit of those gains, but it has been a steady climb throughout the morning. this may be buying on the rumor, selling on the news. keep in mind that we are still looking at gains year to date th

peter cook is in washington with more. put it into perspective for us. >> the deficit for this year according to the congressional budget office, $506 billion, up from the $492 billion estimate back in april thanks largely to weaker than expected economic growth which has hurt tax receipts. it is projected, the deficit, to drop lower in 2015, below the 500 million mark. the projection for this year compared to lester's deficit of $680 billion. it is dropping. substantially. the projection for 2015, dropping to $469 billion. that would be the sixth straight year of falling deficit. the lowest number since 2008. the cbo warning the number is going to start to rise again starting in 2016 and eventually the$1 trillion thanks to rising health care costs, aging population, so the short-term picture is good, longer-term picture is still challenging. the short-term picture, a few more number set are important. projected deficit this year would be 2.9% of gdp, next you're would be 2.6% of gdp. expecting unemployment will average ou

also with us, peter cook. i know you have been diving through the story. what tools are available to researchers and how useful are they going to be? >> i have been talking with former and current members of the intelligence and law enforcement communities as to what exactly they are looking for. they do have some clues out there. there is a trail to follow. they will be looking at everything from the shadows in the background to even the style of the cameraman because that could be a distinctive in and of itself. they will have technicians go over the video itself, look for metadata. anything that might give some information on the video. it was shot in a panorama am a very unusual. they had not seen that before. shot in broad daylight. open air, unusual because they were not in any fear that they would be hit by an airstrike. that is notable because it suggests that it wasn't syria. you have the audio that will be examined matched against databases. of course, the focus on the suspect himself. what little that we can see of his face could lend itself to

peter cook has more on the president's options. he's made his own comments on ukraine today. >> he was speaking at a youth camp out of moscow in the last hour or so. he's been critical of the united states. he's also said ukraine, the government is acting like the nazis in world war ii. specific on the u.s., he's basically saying anything the u.s. turns touches turns out lake iraq and libya. the president here blaming vladimir putin and russia saying russia bears responsibility and says the nato satellite pictures showing russian troops and russian arm aments in ukraine bolster the case against vladimir putin, and he said economic pressures can be turned up in conjunction with the european union, but he's drawing a line. here's the president. >> we will stn to stand firm with our allies and partners that what is happening is wrong, that there is a solution that allows ukraine and russia o live peacefully. but it is not in the cards to see a military confrontation between russia and the united states in this region. >> but clearly t

bombers using facial recognition technology here it and we have our chief washington correspondent peter cook with us. i know you have been diving into the story, peter. what tools are available to researchers, and how useful will they be? >> i have been talking with former and current members of the intelligence and law enforcement communities as do exactly what they are looking for. bottom line, it is a difficult challenge, but they have some clues. they will be looking at everything from the shadows in the background on that videotape to even the style of the cameraman, because i could be distinctive in and of itself. first and foremost, they will have technicians going over the video itself and looking for metadata, anything that might provide a timestamp or a location on the equipment used to shoot it and upload it. they will also look at production. the production style of the entire video. it was shot on a panoramic, very unusual. been seen before, and shot in broad daylight with the desert background, open and. that is unusual because there was not any fear that they might be hit by a

and peter cook is joining as well.th,9000 jobs last below expectations. -- 209,000 jobs last month. average 245,000 jobs. the unemployment rate moving higher again. was up toipation rate 62.9 percent and the number of unemployed was up, but so were the number of employed. game ofgain in -- a 131,000. unemployment a year ago at this time, we were at 7.3% unemployment. individual sectors, professional services up 41,000. manufacturing of 28,000. 15,000 cue from the auto or. auto sector. average hourly earnings, the disappointment here. no change month over month, and up 2% year-over-year, right below are bloomberg survey of economists. 34.5.erage work week, not as big a gain as economist in our survey has and to this economists in our survey had anticipated. >> right now we are seeing futures, probably bottom. >> they had been paring their losses. but he did come off of the lows in the last couple of hours, but no features are only -- and now by 2%.s are off year yield now what 49 basis points, before the report give out

policy. >> peter cook, thank you.join us on monday, we will follow the latest on the islamic state and the air strikes in iraq. director ofner, special projects at the supergroup, and former cia case officer, will join me from savanna georgia. that's coming up on "bottom line." when we continue, we will discuss the fed chair janet yellen's remarks in jackson hole. ♪ >> janet yellen speech kicked off the jackson hole some posing. her message -- or is still slack in the u.s. labor market. chief advisor to ollie ounce, and a columnist for bloomberg view. he joins me from california. what was your take away from chair yellen's comments today? did it do enough to satisfy the market, and to give transparency to the debate on the open market debate? ncyagain with transparen on one thing. as mike mckee said, that is a key input into the future of monetary policy. very good for working around the next corner and seeing how complex that is. the good for looking around corner after that, which has to do with financial stability

peter cook has more. i thought the tea party was supposed to take a hit in this election. >> that is how it has played out in the senate, but in the house, midterm elections could turn the republican conference further to the right, and it will raise question about john boehner's grasp on the speaker's gavel. 10 of the 12 house members that did not support john boehner's election as speaker are cruising to reelection, and the other two decided to run for the senate. the group includes three lawmakers specifically targeted by business groups like the chamber of commerce for defeat and that includes tim huelskamp, justin amash, and walter jones. they all won their primaries and look safe in the general election. the bad news for john boehner -- the anti-john boehner chorus next year will be even bigger. there are almost one dozen new republicans on their way to victory in november that have set on the campaign trail that they will not support or at least at this point will not commit to back john boehner an

peter cook looks at president obama's delicate balance on corporate inversions. and profiling a major manufacturer based on the border with gaza. first, palestinian negotiators are considering an egyptian proposal to end the month-long israeli-hamas or. -- war. into effectuce went on sunday, israel has halted military operations in the coastal territory and gaza militants have stopped firing rockets. dome system has protected them but local companies don't seem to have stayed quite some safe. around 3200 rockets were fired out of the gaza strip over the past two weeks. with residents of southern israel often the intended target. the iron down system may protect most people but the impact is still damaging to local business. >> it is not easy. you can see the parts. if it it's you, it kills you. >> he lives a 10-7 rocket flight from the gaza strip. he just returned to the company's main plant where his colleagues have been struggling offulfill the firm's daily" -- daily quilt quota. >> five or six times a day, you run to the bomb shelter. >> one consequence of the

peter cook joins us to explain where the islamic state is getting all this cash. peter?ine answer, erik, is a oil for one. the islamic state has taken down parts of syria. they own or possess under their seven oilfields, two refineries, and more oilfields in syria. they are selling that oil on the black market, effectively $25 to $60 a barrel. they are using their capacity right now to fund their own military operations and to maintain control over these areas, providing some limited services, social services to those communities. basically they are intimidating the communities they have taken over. this is posing a big problem, because it is reviving a steady stream of funding for this organization. much harder for the u.s. and other countries to target their terror financing, because they are getting this money locally. they are not going through the traditional international banking system. >> pater, 80,000 barrels a day is a drop in the bucket -- peter, 80,000 barrels a day is a drop in the bucket. are they getting money somewhere else? there. is a question out the q

peter cook has been looking at the clues left behind. is there a trail to follow? there is a trail left to follow. it will be difficult. it starts with the video of james foley's horrific murder. the militant at the center of that video, a former french hostage. -- i spoker hostages with patrick skinner, a former cia case officer. scrubbing the video for a time stamp,ome other identifiers on the equipment used to shoot and upload that video. they want to know who downloaded it right away. you will focus on the production and background in the video. the cinema style shooting in broad daylight is distinctive and bold. they were not worried about being spotted by the air. that and the desolate desert background suggests fully was , most likely.a shadows and weather conditions can help identify the exact time and location. that would allow investigators to review communication traffic in the area. that could be critical in the manhunt here. maybe the best clue of all, the voice and that video. >> this is james foley. american citizen. >> the british voice with a sligh

chief washington correspondent peter cook has more on these development.me of these in portions -- inversions are coming from his friends, a few of them here including roger altman. >> more than 20 of the president's donors are somehow involved in these inversion transactions. they are either advising companies on these transactions, they are executives in these companies, or maybe they serve on the board of these companies. this is something that put some tension into these issues. he has called them corporate deserters. the fact that you have top donors to the president involved make this a more difficult issue and highlights some of the tension that some of the president's own supporters have been involved in some of these deals. >> the hypocrisy to some people, and attention. i want to play for you, peter, what roger altman said to us about this controversy, these inversions. eliminatingects for these incentives are immediate and it is understandable why a number of them have done that. it is understandable. in fact, the more of these that are done, th

peter cook joins me now with details. peter? getting word of a 72 hour cease-fire in the middle east conflict. the palestinians have agreed, beginning at 8:00 local time, to a 72 hour unconditional cease-fire. there have been a lot of international forces trying to push for a cease-fire, including the united nations and secretary of state john kerry. this word coming in this formal statement. a couple of key things from the statement i will read back to you. the forces on the ground will remain in place. this has been a contention of the israelis, that they still are worried about those tunnels coming into israel and they want to continue to do everything they can to minimize the possibility of hamas being able to access israeli territory. separately, that israel and palestinian delegations will immediately being going -- he going to cairo for negotiations and reaching a durable cease-fire. the hope is that this lull in the action, if it indeed holds, might open up an opportunity for a furthering of the conversation on how to ac

we begin at the white house with peter cook and late developments on ukraine and britain where -- raising the terror level. >> good afternoon. the terror level from severe to substantial, the second-highest level and the u.k. terror threat system. we are not doing the same here according to jeh johnson his says there is no credible threat but clearly u.s. officials have talked to u.k. counterparts about what is happening there. the british prime minister talking about the decision today and talking about the general generational struggle. the particular worry, the 500 or its war so that have gone to theory a and a rock. worried they could come back to the united income. talked about this is the biggest terror threat phrasing -- facing the u.k. ever. >> we are facing a terrorist organization not being hosted in a country but seeking to establish and violently expand its own terrorist threat. extending credit to the turkish border, we could be facing a terrorist threats on the shores of the mediterranean. >> here at the white house spokesman, jim ernest saying they have been in constant com

. >> we will go to peter cook in washington about this. were they using u.s. jets? >> egypt was using what ever we funded. >> it was reverse engineered. our second story is warren buffett. theas a starring role in burger king story. finance the takeover of tim hortons. investre hathaway would $3 million. you know the history with them. heinz lastred to buy year. >> this is a brazilian private equity firm. >> the question would be if they have improved product enough or doing financials. be primechatzker may minister of canada. he make a run for it after his comments in defense of tim hortons. the guy from hockey night in america called them up and told them good job. >> game on for amazon. they are buying the video maker twitch. google had been dying it as well. amazon is getting and to produce -- prevent google. they have 55 million active users that can play games. it gives amazon and engaged audience. m&a, agame theory of portion of this is action in defense of other people. >> this is one more point of bubble. that this is a if you're just doing it defensively a

we go to peter cook and the growing crisis in ukraine. the un security council in new york holding an emergency meeting to discuss the latest developments in ukraine. accusing president russia of sending troops and .eavy weapons over the border the russians deny the claim but it officials say satellite pictures provide proof of the russian incursion. russian forces moved across the border in what he called a sharp escalation. an emergency meeting was held of his national security council. ukraine accuses russia of opening up a third front near the key city of maripol. the ukrainians also claim that they destroyed some russian military equipment. nato officials releasing satellite pictures that show russian equipment on the ukraine side of the border including self-propelled artillery. president appealing for international help. russiann confirm military boots are on ukrainian ground. ukrainian forces are capable to tackle and cope with the russian -led guerrillas, but this is quite difficult for us to fight with russia and its army. the u

and greeted me with a happy surprise ♪ i would love to play the music but as peter cook said, "i'd loveyer but i never had the learning for that." >> rose: did you have the ear for it? >> spla. i didn't have the hand for it. >> rose: to do what you do-- >> there is musicality to it. >> rose: there is rhythm, there's musicality, and there's a pitch. >> there is. some people are higher pitches. some people are pitched like that. some people pitch and catch. >> rose: do you paint? >> no, i wish, i -- >> do you create art at all other than what you do as a performer? >> i dance-- no, my mother used to sculpt but i never did gl but you read a lot? >> yes, that's my main thing, reading and sampling-- as my lovely wife says dust jacket literature. i'll be hamp way through and go, "that's enough." like reading about the crusays going, "okay. wait a minute. there's a bit of repetition going on here." and you start to read all about-- that gives me a sense of things repeating which is not good. and science, once again, of global warming. "the said the coyote accord." kyoto. that's a good car. no,

chief washington correspondent peter cook has more.o authorities believe they have much to work with your? know, the executioner didn't have a mask on. trying to hide his identity -- they left some clues behind according to a challenge officials who have looked at the video. heormer french hostage say may even recognize the man as a british jihadist who he referred to as john. i spoke with a former cia case agent to get an idea of what investigators are looking at. me technicians will scrub the video for metadata, looking for a timestamp -- location of the computer used to upload this video. they want to know who downloaded it, that could provide clues. they will focus on the video production. style shooting in broad daylight is very bold and unusual. it tells him they were not worried about being spotted from the air or drones. that and the desert background suggests that it was shot in syria away from the iraqi border. if they can get more on the time and location of foley's murder, they can look for communication traffic around that

, you know, for me, i would love to play musk but i haven't had the skill or the learning or as peter cookould love to be a lawyer but i never had the learning. i never had the learning for that. >> rose: but did you have the ear for it? >> somewhat. i just didn't have the hand for it, you know, the ability to kind of play. >> rose: but to do what you do. >> yeah, there's a musicality there. >> rose: it really is-- there's rhythm, musicality and there's a pitch,. >> there is. some people are higher pitched. some people talk like that. some people. >> rose: dow paint. >> no, i wish. but no. >> rose: dow create art at all other than what you do, perform. >> i paint-- i dance, no, i haven't painted. my mother used to but i never did. >> rose: but you read a lot. >> that is my main thing is reading an sampling, as my lovely wife says dust jack elevator literature, it's good, especially now, reading all these different histories of, you start reading about the crusades going, okay. wait a minute, this is a bit of repetition going on here and you start to read all b you know, that gives me a sen

. >> all right, peter cook, thank you.oining, so much for as well. ♪ >> you are watching bloomberg television live. i am matt miller in for betty liu. let me give you a look at top headlines for the day. a done deal. -- twoking agreed to by by canada's -- to buy canada's tim hortons. onzon is wrapping up its bet video games. the retailer agreed to pay $978 million for twitch. it has 55 million monthly users to discuss games and watch others play them live online. buy falling of best in premarket trading. it reported second-quarter earnings that beat estimates, but revenue came up short because of weaker demand for cell phones. people are waiting, no doubt, for the iphone six. 26 minutes past the hour, bloomberg television is on the markets. let's take a look at future is here if -- as we pierced through the 2000 level on the s&p yesterday. we see futures rising. we came back down below it but did it at least for a moment there it i will talk more about that in just a moment with a special guest. dow futures are gaining as

peter cook joins us. what proof do we have the russian troops have crossed the border question?accusing russia of sending troops across the border and nato forces are backing that up. satellite photos to show movement across the border. president poroshenko call this a sharp escalation. he canceled a trip to turkey a short time ago. ukraine accuses russia specifically of opening a new front in russia. to russia -- two russian armored came in and satellite photos show russian troops on the ukrainian side of the border. another 20,000 are along the border. the prime minister is appealing for help in light of the latest moves. >> we can confirm that russian military boots are on ukrainian ground. ukrainian forces are available to tackle and cope with russian led guerrillas, but this is to fightficult for us with russia and its army. >> he also called for an emergency meeting of the u.n. security council. that is going to happen at two :00 p.m. eastern. president obama is also holding a meeting of his national security team at 4 p.m., although officials tell us the focus of that mee

will go to crude city and show you how the militant insurgency is transforming the iraqi city of peter cook the mountain of the great recession as a gets ready for a summit in the tee time. finallyeider minute is running a victory lap that only took five years. problem -- turns out it began a long time before this

i want to bring in our chief washington correspondent, peter cook and erik schatzker to join me. that is have a news coming out from bob benmosche as he enters his final days as aig ceo before stepping down this monday. he has been known and well-known in washington for his debate style, his management, his negotiating skills during the financial crisis. said not once did he ever go down to d.c. to meet anybody in washington. how did washington react to his leadership style? >> it's still amazing never appeared on capitol hill given everything surrounding aig. it's a testimony to the fact that he kept things focused on the business at hand in his own unique and colorful way. he will turn out to be one of the most colorful characters from the financial crisis. he salvaged aig and the taxpayer investment but along the way, it was a very rough relationship with washington particularly the first couple of days and weeks on the job. he basically challenged the government's handling of aig and challenge the issue about the aig bonuses for the financial products division and said i am d

--btfire peter cook works "mrs. doubtfire." been completed and they will be released. one of them was "night at the museum 2." i do not believe he had finished "mrs. doubtfire." >> what are the questions hollywood will be asking after this, david? >> i think they will be asking what happened -- how did a successful man who had so much going for him -- he recently went back to rehab. how does this happen and how do we prevent this from happening in the future. >> it is a cautionary tal. >> exactly, how did this happen, why was nobody there to help him -- several lingering questions. thank you for joining us, and a david fanon, on the death of robin williams, age 63. ♪ >> it is 56 minutes past the hour. bloomberg tv is on the markets. i am olivia sterns. we are about 30 minutes into the trading day. but get you caught up on where stocks are trading right now. overall equity markets are little changed. stocks moving a touch higher. its biggest three-day gain since april. energy rises dropping and brent crude reaching a nine-month

peter cook has more on the case meanst perry and what it for his future. peter, how big of a hit is he facing? how serious are these indictments? >> this is serious, and certainly damaging. the presidential candidate wants their name in the headline with the word "indictment" written soon after it but that is what rick perry is facing in texas. it is damaging short-term. at the same time, i've heard from some democrats that think the case against him maybe flimsy. because of that, ultimately, this could end up being a plus for rick airey because it could rally republican support around him. at a minimum, it is a distraction. it will be talked about every time he goes to one of those early primary states. here he is over the weekend defending himself and taking on this case. >> i'm confident that we will ultimately prevail, that this will be a prosecution revealed for what it is. and those responsible will be held accountable. >> a very confident sounding rate area over the weekend. the reality is, he could have his mug shot taken as soon as this week and al

peter cook has been following this story very closely. what is it eric holder needs to do right now? >> he needs to head to ferguson and reassure that community the federal government is conducting its own, separate independent investigation of the shooting of michael brown. he needs to reassure the community of that. he needs to meet with community leaders and talk to fbi officials who have been on the interviews andg investigation for the justice department. they are looking specifically for whether michael brown's civil rights were violated. he has to walk a fine line because he cannot appear to takes eyes on this just like the president. he has to appear he has not conducted a rush to judgment, if you will. he paved his way for a visit with an op-ed. he says, at a time where people -- have confidence to do more to bolster confidence within the community. this is an issue with eric holder and the president. there needs to be an effort to restore confidence in the african-american community that these kinds of shootings are not happenin

i want to bring in peter, also steven cook, a senior fellow for middle eastern studies on the councilf foreign relations. thank you to both of you for joining us. peter, i want to start with you, one way this is different to some degree is just increasing tensions between the u.s. and israel over how israel has carried out their offensive in gaza. you have an example of that today. language of statement on this strike. the united states is appalled by today's disgraceful shelling. those are very strong words in diplo speak. and similar words, outrageous, et cetera, against hamas for an attack against israeli soldiers. have you seen the disagreement on this. the u.s. still generally supporting. is the space between u.s. and israel greater than it has been in the past? >> no, i don't think so, actually. if you think about the way ronald reagan generally considered a friend of israel responded during the lebanon war. in one remarkable exchange with the prime minister. he told him that what israel was doing in lebanon was a holocaust, which he was very taken aback by. so there is actually

cooking up these numbers. the capital research center even, peter, researched movie.o glamorize used bombings against police in g.o.p. convention. not just one place. soros spreads his money around to make the police look bad. >> jay christian adams on his viewpoint with mismaking, fable transaction citi interesting stuff. thanks for being. >> thank you. >> illegals boarding planes without proper id. that's no problem. tsa has denied it. this morning new proof this is actually happening. and sending your kid off to college? clayton has the very best gadgets to put them at the like the battery pack that can charge your phone and your car? wow. so, i'm walking down the street, sfx: sounds of marching band and crowd cheering just you know walking, sfx: sounds of marching band and crowd cheering and i found myself in the middle of this parade honoring america's troops. which is actually quite fitting because geico has been serving the military for over 75 years. aawh no, look, i know this is about the troops and not about me. right, but i don't look like that. who can i w

peter to pay paul. >> i have said that the number of times. >> well, great minds think alike. >> thank you, mr. chairman. >> the chair recognizes mr. cook . >> thank you very much. and i won't say too much more about acronyms. maybe. the -- your report, very sensitive. i used to be an ig. and i looked at your recommendations. by the way, i see, that is how to lose friends and not to influence people. but it is one that you have to have in your organization. and your job is not to make france. you already know that. it bothered me a little bit. maybe if you could help me out, in two cases it had the the ba liches -- which is the veterans benefits administration. >> yes. >> they disagree with your opinion. and then you had the other one where it was actually the under secretary. is that the same individual? >> considered the same. >> you know, these are -- i was looking at it. particularly one where the undersecretary non concurred, basically went along with it anyway. did this go all the way up to the secretary? is this something -- is that a command decision that undersecretary -- because we are getting into some basic stuff. i am tryin

cook. we know that he loves to road pies call so i think he's going to get a good meal and a decent ride. >> we know how that picture of when they reunited yesterday, peter so much, i can't imagine the bike ride he had and how many times he thought about that over the last two years. our thanks to miguel marquez in cambridge. before they reunited nancy curtis spoke with cnn's anderson cooper about what it was like to hear her son's voice for the first time in nearly two years. remember, the family did not know exactly where he was or his condition or whether they would ever see him again. listen to this. >> nancy, first of all, just congratulations. i'm so happy for you. can you take me back to that moment when you first learned that your son had been freed? >> i got a call from the fbi agent who has been working with us the whole time. she flew -- she flew to the middle east, and she called me and said i'm standing on the golan heights with your son by my son, and he wants to talk to you, but he needs some time to compose himself. that was all she needed to say. i knew that he was healthy and safe, and it was a huge relief. >> did you know that moment w