phil mattingly is there. this is going to play out over the course of the afternoon.e don't really get a lot of insight into who is voting for him but let's talk about personality for a second. hasrepublicans personality been dominated by john boehner and eric cantor, often contentious and talk of cantor plotting to overthrow john boehner at some point or forcing him out. what do we know about the relationship between kevin mccarthy will be the new majority leader and john boehner? sweetnessing to be and light or will there be tensions between them? >> if there is friction, it is probably on strategy. on a colleague to colleague level, they get along a lot better than speaker boehner got along with eric cantor. team'se boehner perspective, they don't feel like there is a constant threat to be undercut and from a car the's perspective, he was often the middlemen between boehner and cantor throughout their time on the hill. a good way to look at this is speaker boehner has a great deal of respect for kevin mccarthy possibility to know the conference and know it's extrem

we begin with phil mattingly and president obama's lands to cut powerplant emissions by nearly a third -- plans to cut powerplant emissions by nearly a third over the next 10 years. there is more than just the headline? >> that is right. it is all about the details. in this case, it is the power given to the states to work regime,his regulatory including an extended timeline for certain states who have, if they work together, mark, until 2018 to put in place regulations that would lead to the reduction in carbon emissions to that 30% level the obama administration is putting out for them. this is a significant step forward for the administration, the largest unilaterally they could possibly take and one that

first, phil mattingly.aker boehner intends to ask the house to sue president obama for overreaching executive decisions. what is it all about? >> welcome back. i will get to margaret carlson and ramesh ponnuru in a moment. first, phil mattingly. speaker boehner intends to ask the house to sue president obama for overreaching executive decisions. what is it all about? >> a couple of things. the political aspect. you are a few months away from midterm elections. they constantly talk about overreach and impeachment. i also think this underscores a lot of problems and they are not moving. they see the president moving and they feel like it is a way -- >> is it different from other presidents signed legislation and documents and the like? is it new or obama has taken it to a different level? >> throughout the history, you will see presidents act on their own. this is more an issue of the time than anything else. there is legitimate reason they are looking into it. there is immigration policy and deportation and

phil mattingly joins me. this has been an ongoing battle in the courts.hington is getting involved and changes on the way? to say major changes are probably not coming. bipartisanoad agreement that the current system puts just about everyone at a disadvantage. listen to what bob goodlatte said at a hearing today. to be ables who want to easily access their favorite songs any time on all of their digital devices face a legal framework written for the world of a vinyl albums and eight track tapes. >> pandora has had several court battles with organizations like broadcast music inc. they provide a mechanism for legal protection and royalty collections for hundreds of thousands of songwriters. their contention is that pandora does not pay fair royalty rates. at issue -- leverage. or the lack thereof. these groups say they have no leverage to negotiate when it comes to pandora. department took this debate up last week with its own decision to get involved. what might happen there? >> these groups fighting with thatra are under decrees date back to 1941. that g

we begin with phil mattingly at the white house and the latest on the crisis in iraq.ood afternoon. john kerry touched down in baghdad this morning for a series of meetings with top iraqi leaders, including nori al-maliki and the top sunni leader, the speaker of the parliament. one key point the secretary had to make? the time is now. take a listen. >> the future of iraq depends on choices that will be made in the next days and weeks. the future of a rack depends primarily on the ability of iraqi leaders to come together and take a stand united against week, not next month, but now. >> what? yeah, i've got it. see,arket, as you can secretary kerry underscoring the urgency we are hearing right now and the key point from u.s. officials is that action will negotiation's are going on with other groups as they tried to figure out a way to form some kind of national government that will remove some of his power and give him a more unified approach as they start the process of pushing back against the militants who have made such major gains. >> u.s. officials are raising con

you heard phil mattingly talk about how there will be a private public ownership.t the department of transportation saying that is also likely. >> a study looked at the capacity of states to substitute for federal funding if that funding was lost. it was rather limited. states cannot bear this burden fully on its own. it is too big. public-private partnerships, we have done a lot of work in that area. they are a small fraction of the total amount of investment and they do not generate revenue in and of themselves. the bottom line is you need more money but we could also spend more effectively. and potentially operate the system more effectively. those things we should be looking at. aboutyou want to talk roadways and bridges but the water system. >> that is a good point. andater, we spend a lot investing in treatment systems and delivering that water. there are a quarter million breaks in this country. i would like to loop back a little bit. that themic risks nation is facing by not addressing this issue, we did the failure to act series of economic reports in betw

phil mattingly is with us now. it has been an ongoing battle in the court but washington is getting involved. we are talking about rules that were made decades ago. near term, changes are probably unlikely. everything about else in town, there is bipartisan agreement that the current system puts just about everyone at some kind of disadvantage. take a listen to what bob goodlatte said today. want to bes that able to easily access their favorite songs any time on all of their digital devices face a legal framework written for the world of vinyl albums and eight track tapes. of the most heated battles pit pandora against broadcast music inc. and the american society of composers authors and publishers. groups provide a mechanism for legal protection for hundreds of thousands of songwriters and publishers. their contention is that pandora doesn't pay fair royalty rates and the current law does is take into account the rise of digital music. lawmakers are keenly aware tof it. thissaid, a timeline at point is very uncle

phil mattingly joining us from washington. thank you. the london-based head of the emerging markets research at commerce bank. i'll come to bottom line. thank you for your time. how are investors in russia and the ukrainian markets reacting to the prospect of the easing of tensions? i as it was said before, think we should see this positively. we have seen the constant step towards de-escalation. i think today's moves are removed in the right direction. you are bound to get issues in the eastern ukraine because of the issues of the key up forces around but should see this as a de-escalation. >> how badly has the russian economy then punished since the crisis began in the spring? thing to watch is the local capital. people pulling money out of russia itself. you have the capital outflows. billion in net private outflows. this will mean more capital outflows itself. around one percent. four percent german. 90% is reinvested. really not much foreign direct investment and that. >> we also saw the gas problem. energy producer gained over four

we begin with phil mattingly and president obama's lands to cut powerplant emissions by nearly a third -- plans to cut powerplant emissions by nearly a third over the next 10 years. there is more than just the headline? >> that is right. it is all about the details. in this case, it is the power given to the states to work regime,his regulatory including an extended timeline for certain states who have, if they work together, mark, until 2018 to put in place regulations that would lead to the reduction in carbon emissions to that 30% level the obama administration is putting out for them. this is a significant step forward for the administration, the largest unilaterally they could possibly take and one that could lead to new gains economically. take a listen. towe have a moral obligation act on climate. when we do, we turn risks of climate into business opportunities. we spur innovation and avestment come and we build world leading clean energy economy. to note, aportant lot of criticism and pushback on this proposal. saying therele will be major, major costs to this role, mark. >> le

joining us is phil mattingly.o what extent does the election , elevation of kevin mccarthy heel or widen the risk -- risk ft in the gop? >> everyone is very surprised. leadership elections are historically very bad for the party. a lot of blood on the floor. this ended up with good unity when it was all said and done. in the short term, the republican party feels good about getting out of this unscathed without causing more big problems. in the grand scheme of things, there is a core group of 40 or 50 tea party guys who were not happy with eric cantor and they will not be happy with kevin mccarthy. issues thatlot of could cause major splits as the go forward, at least on the legislative side of things. cut -- spotr three got a standing ovation. why the enthusiasm? >> the most shocking thing of the last three days was steve scalise. he was going up against an established guide. -- guy. steve scully's killed it in his calisey -- steve s killed it, without mincing words. be tension on to the leadership side. but i th

joining me now from more on the student that proposal, phil mattingly. he turned >> -- >> he turned this into a political attack on republicans on capitol hill. what he can do himself is limited, he is acknowledging that, he needs help to move the broader agenda forward and he does not have it. there is one primary thing we have focused on, he is expanding what they put in place. they will have to expand that, it will reach about 5 million .ew borrowers no word on how they can pay for that, but that is a step forward that they can take on their own. >> $1.2 trillion, is this going to make a dent? there was discretionary income for borrowers to put cash in the pocket. as we have heard, there was a lot of evidence to show that there was a growing divergence between student loan debt and those that have it. you can buy a house, save money, and what he is trying to do is stimulate money in the economy, as they have money to spend. wille education department be assisting in the effort. they will be assisting in the contracts would loan servicers. are they wil

our own phil mattingly from washington this morning. have goodup, i will news.ike a ucks at the airport even when you're traveling on a discount fare. stay with us. ♪ >> welcome back to "market makers." airports to not generally conjure up soothing and relaxing images. with the summer travel season kicking off and 66% of americans expected to take a leadership -- leadership, a littler -- leisure trip, a little was then is needed. needed.s just last week, i was at the airport, i was miserable and depressed and then him a eureka. >> i can't believe you are depressed. you are the most un-depressed person i have ever met. >> cancellations kill us. delays, we like delays. human not like it. -- you may not like it. you come to take a flight. it is a destination. if you are going to a shopping or get a manicure, it is raining, windy, snow, canceled. airport, you cannot miss the plane. you go to the airport no matter what. you will go two hours ahead of time. you go to security. you take your watch off come your shoes off, by the time you get inside, you have all this t

first, phil mattingly.aker boehner intends to ask resident obamae for overreaching executive decisions. what is it all about? >> a couple of things. the political aspect. you are a few months away from midterm elections. they causally talk about overreach and impeachment. i also think this underscores a month they are not -- underscores a lots of problems and they are not moving. they see the president moving and they feel like it is a way -- different from other president signed legislation and documents and the like? is it knew or obama has taken it to a different level? the history, you will see presidents act on their own. this is more an issue of the time than anything else. there is legitimate reason they are looking into it. there is immigration policy and deportation and dreamers was they have policy concerns. , it willre is a suit not be resolved in the lifetime of the presidency? >> highly unlikely. the judicial branch does not like to get involved in these types of things. even if it comes to a c

plans to do, and i know phil mattingly will be knocking on doors at the white house trying to get a sense as well. >> phil will pick that up right now. i do want to point out, there is word that in recent weeks the iraqi government reached out to the united states for help to contain the militants, possibly with the use of airstrikes. phil mattingly is our white house correspondent and joins us from washington this morning. what are you hearing there? are not getting any confirmation that any bombing is imminent. to your point, what we do know is a request was made from the prime minister's government. it has not been responded to yet. what i heard from u.s. officials last night and this morning is they believed the situation is very grave and are watching it very closely, but in terms of actual actions taken, nothing has been laid out. what we have been told, increase training, definitely more equipment in the works. airstrikes a possibility, as our increased intelligence capabilities and thrown use as well are things floating around between the pentagon and white house. the key thing is

phil mattingly will join us, and johnson junior, former senator from new hampshire.tor from mantra. let's get to our morning brief with jonathan ferro. >> a reserve requirement cut as officials try to support growth without damaging stimulus. geopolitics and all the rest -- china still a concern for investors. a: 30 a.m., empire manufacturing, and then at night: 15, industrial production and capacity utilization. and that rebounded off with any hp housing market index. tomb of the unknown soldier for the 150th anniversary of tery,gton national ceme and the one we can get excited about, team usa versus ghana, 6:00 p.m. eastern time. >> we have had some problems with them in the past, ghana. >> are u.s. thrilled as you say you are? >> i will get behind team usa. >> say "soccer." >> soccer. >> so good! >> medtronic agrees to buy the videos allowing it to become the biggest company had to skip u.s. tax system. medtronic will take a legal address in ireland, where the taxes are lower. siemens is planning to challenge bid for thetric's alstom energy business. it would leav

phil mattingly as well.et me start with you on these trips. >> the president informed congress he sent 275 troops to iraq. they are being sent almost entirely for protection reasons with the u.s. embassy in baghdad. the president also met with his security team to start weighing options. here's what is on the table. airstrikes are something the administration has opened the door to. drone operations are something they are looking at. another possibility is a limited number of special operators entering the country. a key point we have been told, u.s. officials saying the operators would not be used for combat but they are essential if any type of road operation is to occur. u.s. forces will need to be on the ground for targeting and intelligence purposes. lots of action but no concrete moves. >> ambassador, you say that we need boots on the ground. >> yes. thatally along the lines were just describe isis, it has been moving very fast, it has some weaknesses. there are not many of them, they number in the tho

you, phil mattingly. just a few moments away from the opening bell.0 stocks you do not want to miss to my right after this break. keep it here on "in the loop." ♪ >> welcome back, you are "in the loop." i am betty liu. 26 minutes past the hour, bloomberg is "on the markets." alix steel has the latest on future co-right before the open. s, a decline in future ,eaker economic data first-quarter gdp coming in at -2.9%, the biggest revision since 1976. -1%ble goods coming in at as well, due to transportation and defense categories. looking for 1931 on the s&p. check on the treasury market and oil market, investors want to put money somewhere, putting it in the treasury market and seeing yields fall as prices rise. the divergence between wti and brent prices, wti neutral on the news that two companies will be allowed to export condensate. brent lower on the news iraq exported 2.5 million barrels a day in june and will continue to ramp up exports. "on the markets" again in 30 minutes. >> down to the open with the top 10, the only trades you need to know abo

. >> phil mattingly with the -- for the relationship on the allies side. >> phil mattingly with the latestsince september -- >> a quick data check, futures are up and existing home sales coming out after the market opens, not until 10 a.m.. >> good morning, everyone. " onomberg surveillance bloomberg television and radio, all of our interviews out on digital media. and with me is scarlet fu and adam johnson. our guest host this hour is michael holland of holland and company as well. this is interesting right now. was -- his father was born in galloway. marty walsh is the newest minted mayor of boston. do not have that so let's go to michael holland. >> we go to michael holland, the guest host for the hour. we want to get a look ahead to earning season. onorgan reports earnings july 15. you look at that as the benchmark for what will happen to the company overall. to continue tore look at these loans? >> i think that people are getting more and more prepared for the kind of -- these kinds of results, i think the numbers over the weekend that came up with revenue growth for the 23%, these ar

phil mattingly is with us now. this has been an ongoing battle in the courts but now washington is getting involved. are changes on the way? we are talking about rules made decades ago. >> yes, it's almost crazy to think of it like that. in the near-term, i would say changes are probably not likely. unlike everything else in town, there is raw bipartisan agreement that the current system of copyright law puts about everyone at some kind of disadvantage. listen to what the house judiciary committee chairman said. >> unfortunately, consumers who want to be able to easily access their favorite songs and a time on all of their digital devices face a legal framework written for the world of vinyl albums and eight track tapes. the most heated battles has pitted pandora against two organizations, broadcast music inc and the american society of composers, authors, and publishers. these groups provide a mechanism for legal protection and royalty collection for hundreds of thousands of songwriters and publishers. their conte

our white house correspondent phil mattingly is standing by.ne is wondering the president will decide to do anything. >> that is obviously the big question. there is a pretty safe assumption here that something concrete is going to be announced at 12:30 p.m. he is obviously meeting with his national security team, as you said, the top people from defense, homeland security. through options, including a pentagon proposal to send 100 or more special operations troops primarily for training and targeting and purposes,ce gathering not combat purposes, the one redline the administration has set. oilfield thator there is now believe the militants will be able to take over. he also reports saying the you alsoot access -- have reports saying the militants got access to a military site. in terms of a situation that increasingly is becoming tenuous for the administration, they're obviously facing it right now. it will be very interesting to see how the president faces that and what concrete steps he takes. >> is it possible that the u.s. government is go

also with me is white house correspondent phil mattingly. is a friend to wall street and technology companies, is that right? >> absolutely. he is kind of a friend to everybody. mccarthy,likes kevin that is his success in politics. it is not like he has a discernible ideological viewpoint in the republican party. very big on promoting small business, was a small business owner himself. done well on wall street, not like eric cantor money, but he has done well over the years. >> why is that? >> he is basically your typical pro-business republican. not an answer beyond that. he is comfortable in board rooms and space filling which i people like kevin mccarthy. -- speaks the language and people like kevin mccarthy. >> what is the impact of kevin mccarthy becoming leader? >> on the business side i don't think you will see a huge change between he and eric cantor. kevin mccarthy is externally close to silicon valley. he is fascinated by what they do, he hangs out with them regularly. at one point the last few years he was getting there once every

phil mattingly his following the case and joins us now. final details are still being hammered out. the latest? x negotiations moved through the weekend. the expectation is the settlement will be filed today after trading closes. the top line is that $8.9 billion will be the largest fine by far in any type of sanctions case multiple times over. thely intense on negotiation side is the ban on their ability to work with transactions. some good news this weekend during the negotiations they were able to secure a six-month delay of the implementation of it in on theing business side, it is expected to .e about one year long >> the fine is unprecedented in a sanctions case. what makes their actions so much worse than say hsbc? hp -- hsbcook at the statement of facts from 2012, some of the actions that they took part in were particularly egregious. you wonder how bnp could be that much worse. i have heard, the issue is two things -- they came to the justice department and self-reported some instances of sanction violations a number of years ago. they still came back and violated more sanc

. >> bloomberg's phil mattingly from the white house. served aser, who national security adviser to president clinton, will weigh in on the escalating crisis and u.s. efforts to deal with the situation. that's coming up in just a few minutes. tonight on "charlie rose." charlie sits down with the president of the council on foreign relations. they began by discussing what led to the latest eruption of sectarian violence in iraq. -- it removedelf the old authority and saddam hussein. afterwards, we dismantled many of the institutions that provided for security in iraq. that's one thing. then the obama administration came in after the surge and the critique will be not so much what it did, but didn't do -- not pushing harder to have a so-called residual force to remain in iraq to dampen down political rivalries, to train up the iraqis better than they are. also, that we did not press as hard as we could have or should have to get the iraqis to make a general government. a corruptiki has run government. when people don't fight for it, that s

. >> phil mattingly, our white house correspondent treated >> -- correspondent.er large-scale defections from the iraqi army, which the u.s. built from scratch, we looked into american spending on other countries militaries in today's big questions. >> how much does the u.s. fund foreign armies. iraq, islamists are seizing territory. funded, framed, and armed that very same military that has been moving away. in 2003invading iraq and withdrawn in 2011, the u.s. spends $23 billion on military assistance. taxpayers match that number with $25 million of their own national budget. the private sector has sold 3.4 billion note -- $2.4 billion of weapons in the past decade. a recent study from brown university put a 1.7 trillion dollars with trillions more to be spent on coming years. there are several other major an averagees created of eight civilians were killed every day last year in afghanistan. 31 billion dollars during that same time has flown to israel to travel egypt. jordan, which is currently host refugees, that military assistance in 2012. that is a quarter

i want to bring in phil mattingly. why does washington care about publishers? get their hands on anything, there is a good chance they will do it. when it comes to this issue right now, every lawmaker is an agreement in a bipartisan way. the way laws are written right now is out of date. nothing keeps up with it. nothing shows this is much as how publishers work with laces like pandora. these guys are under an agreement from 1941. long before pandora was even close to existence. they don't feel like they can fairly negotiate the rate. lawmakers are looking at this. so is the justice department. is anything going to come of this or we just have more conversation? >> what are they asking for? >> they want to be able to come and have a fair negotiation with pandora. thesea says because of laws, that helps them. it helps them line up their negotiations. if pandora and these third-party groups don't agree, they go to court and the court decides what is fair. the court almost always rules with pandora. bmi is the lead above them. they are testifying today. this is lo

phil mattingly is with us now. what exactly are lawmakers looking to do now?e hearing on this issue. it is safe to say they are trying to get their arms around a complex issue. this has pitted and/or against i merrily two organizations. media inc. and the american society of composers, authors, and this is a third-party mechanism for legal protection and royalty protection for hundreds of thousands of songwriters. pandora does not pay royalty rates and the law as it stands does not take into account the rise of digital music era lawmakers are tentatively wading into this. copyright laws that guide these issues are out rated. something you will hear as they tried to figure this out over the next couple of weeks. >> the justice department shook this debate. what about that? >> if you're looking for actual action in the near term, this is probably where you need to look. the justice department. these groups fighting with pandora are under consent -- the date back to 1941. he scored fights about rates, the justice department announced last week they are waiting in

phil mattingly has been following the case and is with us now.s are being handled -- handed out still. number forthe final the fine will be $8.9 billion. -- case, far in the way and we also know good news in the negotiations, they're going to be banned from handling certain dollar transactions for up to a year. we learned from people familiar with this case have at least about a six-month reprieve to set things up. good news on that kind -- that side of things. we will see the bank will plead guilty to a criminal charge. expect this toy happen sometime after market close. unless something major falls apart in the last moments, it looks like today will be the day. in ais is unprecedented sanctions case. what makes the actions so much worse than others? >> it was an interesting question, one we have taken to state officials often. i think everyone saw it as being extremely egregious. what is expected to be paid today. what i heard from u.s. officials directly involved in this case over the last couple of weeks is , it was particularly egregious on

. >> for more, i am joined by phil mattingly here and also with us, our guest host for the hour.s the to biggest problem policy or politics as usual creating so much tension in washington? >> it is tough to separate, but on the policy side, if your fix is raising the gas tax, a bipartisan bill which has been introduced, the senator of connecticut, a democrat, that is a large origin of republican commerce in both changes. then you have to start throwing different ideas here. on the political side, if you're in texas, that is a major him. different proposals but nobody has figured out how to coalesce and time is really short. >> what about phasing the government and bringing in companies to fill the gap? >> the conversation is headed towards giving the states more power. there is a proposal in the house leaving it up to the states on whether or not they want more say on where the money will go there it you will see their rule probably the something put in they will move on to get a longer-term fix. you will see the conservative lock on this is creating a lot of difficulties on repu

phil mattingly has been watching all of this. anythingtour, is it more than a campaign? >> it is not. she has not announced her intention to run for president. the way the rollout occurred, the book has not even come out yet and we have seen excerpts leaked, big news items leaked, primetime set tonight and then she rolls to a full-blown tour, hitting a dozen cities. the big question is, is she going to run. the bigger question is, how many ways will she try to dodge that question. take a look at the preview of the interview yesterday. >> i want to get through this year and help in the midterm elections in the fall and then take a deep breath and go through my plus and minus. >> no near-term answer. she is going to help out with midterm elections for democrats. that is important and it is a sign. her operation is sending out .oney and that means something >> it does. sit backns will not quietly and let the clintons take the stage. what are they doing? >> the republican opposition rollout has almost equaled it. the republican national committee has released a briefing book

phil mattingly is with us. what is the administration doing today?king probably the largest step any presidency has ever taken to try and combat missions right now. the epa announced earlier today and with the president is fully behind right now is they are going for those 30% cuts by 2030. that is a big top line number. the baseline is where they were in 2005. 2005 was a hive for emissions. they have already gotten closer to that 30% goal. that should help a little bit. ist the epa is announcing the states will have a few years, state-by-state, to implement proposals that power plants can meet these guidelines by 2030. from the administration's perspective, this is a big step back ontrying to cut carbon emissions. this is the largest step they have taken to this point. >> there is also politics here. this is something the president would not touch in his first term. what is changed? >> he doesn't have to run again. there is nasty politics. hammering therats white house on this. from the people i have talked to, this is a legacy issue. they could bar

i would like to bring in phil mattingly. latest. >> john kerry just held a press conference in baghdad. he had meetings with prime minister maliki and the top sunni leader. his point was this. this is the time. hinges on of iraq what the government leaders do in the next couple weeks. the primeow is that minister has said that the parliament will be convened by an addedot puts emphasis on what u.s. officials are doing behind the scenes. they're working with groups on the kurdish side to have more of a unifying impact when the government is formed. u.s. officials have been very clear that there's not a lot of support on their side. no indication that the prime minister is going to step down. they will try to form some kind of political dynamic. if you does not step down, try to limit his power. >> what is john kerry's role h ere? onto put the public pressure the prime minister and see if the u.s. can push diplomatic fight the things. he also said that the advisors announced last week and started to clear the country. they are

and phil mattingly brought us that story. congressman, how do you feel about the tactics like this?> this is not theoretical. i have been on the receiving end of this. intop away from business being a congressional candidate, but never run for political office. it is bizarre and disconcerting to step out of your car and have somebody shove a video camera in your face and start asking you questions. not for the purpose of increasing the level of understanding of one's views. verrilli to get you off track and catch you in awkward moments. i think it is offensive and i think it has for the public discourse. members who are seeking office or politicians who seek office or those who hold up this need to be accountable for what they believe. i think that the deliberate, almost provoking someone into a statement is wrong. >> what was it that happened to you? >> i just recall so many of the incidents. you have to think through it. not happening the cycle, it was intense in my first race. someone present in my second. it was intense in the first race. every family went to an event, we had to

. >> phil mattingly has been following the administration's response. what was president obama's goal and sending the secretary of state to the middle east? >> the u.s. government and the president look at this as dual track. there is the diplomatic side of things. that is where the secretary of state comes in. he met with the prime minister this morning, the top shiite leader in the country. he is also meeting with the speaker of the parliament, the top sunni leader in iraq. what they are trend to do is push the iraqis to form an inclusive government. take a listen. >> this is a critical moment, where together we must urge iraq's leaders to rise above sectarian motivations and form a government that is united in its determination to meet the needs and speak to the demands of all of their people. this morning with the prime minister lasted just under two hours. it was sure to be a bit of a complex meeting to say the least. the u.s. has made very clear that they are not comfortable with the way he is leading the country. the crucial point that secretary

white house correspondent phil mattingly joins us from washington.hat is the biggest difference between this book and the other ones that hillary has written? why is it such a campaign preview? >> when you look at campaign books, as without question this has to be noted as one, what hillary does that everybody else doesn't do is she is a clinton. the top part with hillary as is compared to her past books and when she came out of the white house as first lady, it actually did great, sold 1.4 million copies, compared to most campaign books that cap out about 50,000, 60,000 copies. that is a high bar for any campaign book and one that she is going to have to meet and if she doesn't, we are going to come after her and say she failed. >> hillary clinton spoke on "this week" on abc about the book in the campaign. take a listen. >> i want to get through this year, travel around the country, sign books, help in the midterm elections in the fall, and then take a deep breath and go through my pluses and minuses. -- i don't hedging know, we'll see, we'll see. i

phil mattingly was together with me and stephanie watching george's comments. much concern is there in congress that the fbi isn't just may takebut the fbi action? the idea that we could see a lawmaker perhaps or more likely and upome staffers behind bars for insider trading with political information will stop >> a lot of concern. in this healthen care issue with the house ways and means committee, this is developing with the battle going on with the securities and exchange commission over the last couple of weeks. basicallyis because the staff members and the lawmakers have to put this in a congressional record. it becomes public. the fcc is looking into a staff member tipping off one of these intelligence firms to a major health and human services, medicare type decision. there is a big jump in trading volume right before the bell. here's the big issue. there are two that i look at. law enforcement and congress always have a very kind of complex relationship. congress does not want law enforcement coming anywhere near their turf. on enforcement is limited on

. >> phil mattingly, thank you so much, on regional interests in a beleaguered iraq this morning. >>announced results and it is another quarter of losses. first-quarter adjusted loss, $.11 a share. the consensus was for a much wider loss of $.25. revenue did beat analyst estimates. that, blackberry is targeting breakeven cash flow by the end of this fiscal year. >> very good. as amazon launches a phone, apple repairs for eight -- prepares for a full onslaught of new product, blackberry fights to stay relevant. , very interesting market in research and technology, knee-deep in technology. i saw a whole back story yesterday on this phone, away from amazon, away from my old cell. just about the phone. what did idc learn yesterday for mr. bezos? >> what we learned is he is trying to do the same maneuver that apple and google and microsoft are doing, which is differentiate on services. andheir case it is retail it is shopping and it is an experience around driving more engagement on an amazon device. this is about differentiating with the services, less about the hardware over time. but y

for more is phil mattingly and the new energy analyst. headlines from the epa on emissions goals. >> that's right. it is tough to overstate the significance of what the obama administration is doing today. whatrms of legacy issues, they are doing for climate change, going forward, this is about as big as it gets during the president eight years. the goal they are going for right now is a 30% reduction based on 2005 numbers by 2030. there will be a lot of pushback here politically but you have seen the president come out already in his weekly address to make the point, not only is this good for climate change, but there are potential economic benefits as well. low carbon, clean energy economy can be an engine of growth for decades to come. america will build that engine. future, all build the future that is cleaner, more prosperous, and full of good jobs. >> one are the key thing to keep in mind, this is not just a domestic issue. for the u.s., this is an international issue. the hope is that this would spur an international push forward o