tobacco products produced by phillip morris are literally killing australia's citizens and phillip morris is suing australia because the warning labels may cost them future profits. the same thing is happening in uruguay. phillip morris, again lost its case against uruguay challenging its tobacco control laws which help reduce tobacco use in that country by 4.3%. now phillip morris said if we can't win in the courts, we're going to win through the trade agreement. we're going to win through the trade treaty, the dispute settlement in the trade treaty. sometimes even just the threat of a trade dispute challenging a law is enough to block delay or prevent enactment of public health law because a country doesn't have the resources to engage in expensive and lengthy lawsuit. this was the case in new zealand and namibia. corporations are using investor state dispute settlement to undermine legitimate public laws from financial protection to public health to environment and food safety. what are we thinking? you that we would allow corporations under a new trade agreement to come in and attack

phillip morris cannot kick a 20 year habit called hacking ferreri.f the biggest sponsorship deals with ferreri. they can put their logo but they can put the color the red and white really works. or could it be, if you go further that the league -- links go deeper. the chief executive of the parent company gets $320,000 he year from phillip morris and hold $5.2 million from the stock and he folks -- smokes another phillip morris brand. mark: a week ago i predicted it would be on young all spanish champions league final. -- it would be an all spanish champions league final. i said it would be barcelona versus realm of dread. in the first leg the italian champions 12-one in their home city and yesterday they went back to madrid and it was a two-to draw. -- 2-2 draw. juventus has been the champion twice. barcelona has won three of its four titles in 2006 -- since 2006. no team has successfully retained the title since 1990. manus: he is always right. anna: in the next hour, the telecom media are very much in focus. stay with us. mark: the global bond rou

for example, phillip morris is challenging australia upon -- written --- a strong a's -- australia's tobacco policy. -- there has been an objection to certain procedures relating to their medicine. so instead of the company going through the courts of canada they have been going through an arbitration panel. there is a recent case where an investor decided to challenge a canadian environmental regulation. a related to a quarry. instead of going to the canadian courts, essentially decided to go through arbitration. so we have come up with some ideas as to how to reform isds. there are some who favor its deletion entirely from trade agreements. this is an example of the effort of myself and others to come up with ways to shape trade. so as we expanded, the benefits are spread. so these are for recommendations we have come up -- four recommendations we have come up with. unfortunately, the administration has failed to adopt any of them. and has proceeded along the path of the past. and i think that is a mistake. and that is why we should not fast-track this tpp, as it presently stands.

coming soon from phillip morris and other cigarette makers, they make cigarette intentionally designedfacturers insured -- that assure addiction. this is according to a racketeering case. the same court that said companies don't have to say that they lied about the dangers of smoking said this. philadelphia's district attorney said he will wait for the federal report on the amtrak crash before pressing charges on the engineer. investigators have to prove there was negligence and not just a mistake in the crash. and it is a development that they reduce those irritating delays in travel, the faa has approved an e-mail link between the control tower and planes. this system is expected to save airlines of time and money. those are your top stories. headed out of town this memorial day weekend, brace yourself, because aaa predicts this weekend will be the most easiest memorial day travel weekend in a decade. mark crumpton is on the road, matt miller just left for the road, and betty liu and i are holding down the fort. betty: thanks, guys. [laughter] scarlet: this might be our last amount o

coming soon, from phillip morris, [indiscernible] quote,cigarettes are intentionally designed by theirddiction. that is the position of an appeals court that has been hearing a racketeering case. the same court said the companies don't have to say they lied about the dangers of smoking. those are your latest top stories. coming up in the next half hour of the "bloomberg market day," san francisco's subleasing, what the market means for the financial health of silicon valley. new york city private schools are diving into debt to beat the competition, and while rates are low, we will explain what is going on. we are 30 minutes away from the closing bell. we will have a look at what is moving on this friday before your memorial day weekend. at this time last year we saw nearly $22 billion in proceeds, this year we have only seen about $13 billion. technology is all about private versus public, and much of the growth investment is happening in the private market. uber, airbnb, and snapchat raises billions of dollars. its debutain after yesterday -- will that convince other private companie

australia and uruguay tried to implement anti-smoking laws, got sued by phillip morris. canada tried to deny a mining company, a drilling permit off the coast of nova scotia to protect their environment and their fishermen. got sued by an outside company and lost. so what really happens here is that big multi-national corporations can look around and say i don't like those regulations. i could make more money if i could beat down new regulations. >> president obama says that senator warren doesn't have the facts. that sound byte is filled with facts. the white house ought to counter every single one of them if they're not correct. but they are correct. the isds could allow corporations to circumvent american law. ask yourself, is that what you want? senator warren is also pushing back on this argument that president obama keeps making about the tpp. >> it's the highest standard, most progressive trade deal in history. it's got strong provisions for workers, preventing things like child labor. it's got strong enforceable provisions on the environment. >> it's got strong e

. >> investors say provisions have been used by phillip morris in cigarette packaging. >> just one thing they're debating in congress now. >> you can learn more tonight at 10:30 eastern on ali velshi's new show, on target. >> witness we show you from detroit, activists say it's not enough for notices demanding they pay their bills or have their water turned off. >> they have 10 days or their service will be shut off. last year, detroit's water department made international headlines when it cut off water to thousands of delinquent customers. >> had you been delinquent, as well last year? >> yes. yep, i had problems last year, because i'm disabled and i don't have no income. >> this woman is more than $1,600 behind on her water bill. >> how concerned were you are walking in here today? >> i was real nervous, real nervous, because i don't want to be without water. >> detroit's water department began its aggressive policy to collect on over $90 million in unpaid bills in the spring of 2014. the shut offs sparked outrage protests and even drew the attention of the united nations. the city ev

phillip morris said, hey you are impacting our future profits. we want kids hooked on nicotine sell a product the kids. the people of uruguay and by finding us stop passing legislation command doing things that make it harder for kids to smoke you are ruining our profits. this court is now -- this case is now resting with an independent tribunal. how insane is that? a country trying to protect its kids from getting cancer is being sued by phillip morris because it might cost them profits. this is this is not only just a health issue in this case of cancer prevention but an issue of basic democracy. being sued by a cigarette manufacturer trying to poison these kids with deadly products. this is not only a health issue but the basic democratic issue. if phillip morris ways this case it will be sending a message to every government in the world that you cannot be aggressive in trying to protect your kids from cigarettes. that is one example. let me give you another example equally outrageous. mr. president this investor state provision, a french was

plus phillip morris and exclusive with tim geithner. stay tuned.k box will be right back. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start working on your next big idea. ♪ ♪ ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ ♪ eir beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast

either remove the law requiring labeling or pay phillip morris for the effectiveness of that labeling on their profits. the argument for this separate tribunal is that you can't always trust the courts of a country. and i heard that from my friend from oregon. but it also, when you take this out of the court system and let it be decided by corporate leaders, it really puts you at risk. what's going to happen when some country or company, i should say, protests in america about our environmental laws, about our banning toxic chemicals about our tobacco warnings? that means it won't go through the courts of the united states. it's going to go through a corporate business tribunal. i worry about that. again, that's an aspect of trade which most people don't think about, but it could affect each and every one of us very, very personally. madam president, we're likely to finish this session this weekend, i hope, and we have three important issues here. we're going to probably extend the highway trust fund for 60 days. i hope that that comes in soon. i see my friend from tennessee on the fl