we will bring in shelby holliday with the details. line" continues in just a moment. ♪ mark: let's get you some of the top stories we are following this hour. the french political magazine "charlie hebdo" is under heavy police protection as it publishes its latest edition. it looks at recent terror attacks in denmark. two islamic extremists attacked the offices in paris last month, killing nine journalists. police spotted at least five drones that buzz the eiffel tower and the u.s. embassy, among other sites. it is the second night of such sightings. police on the ground could not follow them or determine how they were being controlled. royal bank of scotland is cutting back its footprint. a persons in the year with the matter tells bloomberg at rbs will reduce the number of countries it operates in by two thirds, meeting rbs in 13 countries. it will sell its u.s. loan commitments and related derivatives to mizuho financial group. rbs is owned by british taxpayers and has been cutting jobs and assets to improve earnings. that is a loo

richard shelby of alabama chairs the hearing. next the senate banking >>> the hearing will come to order. this week the committee here on banking begins an examination of potential changes to the current regulatory structure. today we will focus on regulatory relief for smaller financial institutions. in the near future we will continue this examination by focusing on unnecessary statutory and regulatory impediments across the financial services spectrum. while there are some who continue to argue that current law is beyond reproach, there are many on both sides of the aisle that believe improvements can and should be made. today we will hear from regulators on some of the lessons they've learned and how best to overcome some of the challenges that they've encountered. and although we may not agree on many things i believe that we can all agree that community banks and credit unions play a vital role in our local economies. 629 counties in the united states are served only by one single, single community bank. 6 million u.s. resi

mark: shelby holliday reporting. thank you.d chairman alan greenspan says greases exit from the euro -- greece's exit from the euro is only a matter of time. trish regan jointly with more. you've got g-20 finance ministers meeting in istanbul and angela merkel saying greece needs to stick with its plan. and then you have the greek prime minister saying we need to renegotiate this. trish: he wants the troika to demand off -- to drop austerity demands because their economy is struggling severely. but you've got to give alan greenspan credit, because he basically told everyone about the elephant in the room, which is the reality that you just cannot have an economic union without a political one. and that really seems to be the truth, the be all end all here. let's listen to what mr. greenspan had to say. allen: i don't see it helps them and i certainly don't see that it helps the rest of the euro zone. it's just a matter of time before everyone recognizes that wording is the best strategy. trish: only a matter of time maybe befor

her name is shelby. shelby has a jam. as you know, we all have a jam. dogs per animal by adam levine and marine 5. >> perfect. >> listen shelby's mom. >> hear the song? ♪ >> when adam levine hells the dog howells. >> t dog'e i adam le vine when he howls, i'm howling back. band's second straight top five hit. >> beautiful. beautiful. >> a simple compliment can change the course of someone's day. but so many people are so afraid sometimes to actually take that step and compliment someone. this guy decided to face his fears and compliment all kinds of different people in new york city. >> love your shoes, man, awesome excuse me ma'am, i love your hat. it's so amazing. it's so furry and everything. >> thank you. you're beautiful. you're beautiful, sir. >> he's sincere. >> like drive-by compliments. if you're in new york what that guy's been smoking. >> you're so -- >> excuse me ma'am, i'm sorry for this interruption. but your coat is so -- i can't believe how nice it is. >> real pli. >> yes. no. >> i think his intention was in the right place. >> at the sam

shelby holiday spoke with the producer of the show steve levitan.e bigger story to me was the fact that the entire episode takes place on claire's computer screen. i find that to be the most interesting part of this. we just wanted to do it in a way that seemed as real as possible. so we just used the devices that one would use in real life. shelby: picking up a device is really easy to do, and connecting with someone across the country is really simple now. i have a feeling that producing this episode and directing it they not have been so simple. what challenges did you run into? steve: there was a lot that when went into this. first of all the hardest part , was coming up with the storyline in which we could feature all of 11 or 12 of our actors, and still stay on one person's computer screen. once we had the original idea for the story, things fell into place quickly. it was not so much how are we going to feature everyone, but how will we fit all this into one episode? originally we were going to have the actors shoot themselves holding up a ph

mark: shelby holliday, joining us live, thank you.oming up, hackers are targeting your medical records and we will tell you how you can protect yourself. ♪ market: welcome back. hackers are increasingly going after your medical records. the attack this month on anthem is one of the biggest examples. shannon why do hackers want medical information? shannon: it becomes very valuable on the black market. a lot of people think about credit card numbers and social security numbers but your medical information is actually 10 times more valuable. here are a few things that they can do with it. medical identity theft. they can take your insurance information and sell it to someone without insurance, sell it to a hospital and pretend they are you. sham companies can start up and do insurance fraud. they get your information and then bill medicare for a wheelchair that you never bought, for example. then there is the secret world of state-sponsored corporate air espionage. they may be looking for particular information on a person's health. may

shelby holliday glad to have you on the ground covering it. thank you.world news headlines. indonesia central-bank, the first time in three years. the nation deals with cooling inflation. indonesian economy strengthened last quarter after its weakest year since the global financial crisis. central banks around the world have used monetary policy since the start of 2015. the french president francois hollande is ramming through economic reforms and by emergency action. the bill, including proposals to ees regulation, but critics say it gives praise to businesses including job security. the italian maker of nutella chocolate says it is not for sale despite speculations swirling through the longtime owner their richest man, died last week. giovanni says he strongly denies the rumors the company will be sold with nestlÉ often mentioned as a suitor. "bottom line" with mark crumpton speaking of things sweet, joining us now. mark: as you know legos are everywhere. as soon as you see them, you know what they are. much more than a toy. a aid -- they aid in child

fazio. >> good morning, chairman shelby ranking member brown and members of the committee. thank you for the invitation to discuss regulatory relief for credit unions. while we regulate 6,350 credit unions with $1.1 trillion in assets over three-quarters of these have less than $100 million in assets. because these credit unions have fewer resources available to respond to marketplace technological legislative and regulatory changes, we've aware of the need to examine our role. as a result, ncua scales the supervisory expectations when it's sensible and within the agency's authority to do so. where regulation is needed to protect the safety and soundness of credit unions the savings of members, and the share insurance fund, ncua uses a variety of targeting strategies. they include fully exempting small credit unions from rules using graduated requirements as size and complexity increase and incorporating practical compliance approaches into agency guidance. thus we work to balance maintaining prudential standards without minimizing regulatory burden. since 1987, ncua has ta

betty: shelby joins me from long beach.f product sitting on barges in the ocean. who among retailers is going to be hardest hit? shelby: any industry that does trade with asia via cargo ship is feeling the effects. just to give you an idea of top imports suspended at sea -- furniture, apparel, auto parts, electronics, footwear. we are seeing ripple effects across the u.s. economy. the retail industry says a shutdown of west coast ports would cost $2 billion a day. automakers are taking a hit. honda saying they are cutting u.s. output because they cannot get auto parts they need. it is not just about imports, it is about exports. the u.s. agriculture industry is losing $39 to 40 million dollars a week because farmers cannot get fresh meat out to their top markets in asia. if you look at the bigger picture, these 29 ports from seattle to san diego handle 40% of containerized cargo, 12.5% of gdp. that is why president obama has sent his labor secretary. people are hopeful he can help negotiate. betty: certainly this is a big d

she adopted a chihuahua named shelby a few months ago and not too long after shelby began fainting whileso hernandez learned her dog has a serious heart problem and needs a pacemaker. she turned to gofundme page to help out with the costs. she can't afford the $10,000 bill on her own. she says the donations have come pouring in. >> people we didn't -- we don't know they're all strangers and it was definitely a blessing to see that there are people who care. >> hernandez raised $4,000 so far. mostly from the generosity of strangers. she says getting the surgery was the only option. she rescued shelby to keep her other dog company. doko suffers from anxiety. >>> the memory of lifetime. that's what classmates of a senior in tennessee gaff to him. >> daniel wood has down syndrome and he was one of four boys named for the school's coming home king. look at the reaction friday night when he found out he wouldn't. ♪ >> awesome. he won by unanimous vote the entire student body in aren't 1400 students. when he got home he watch this video over and over again. so excited. and he even wore his new

saturday night while shelby was standing on the street corner he saw people in need, struggling to getfillmore hill in the snow. >> i wouldn't want to just be stuck there spinning my tires, so anytime anybody wants to lend a hand it's always good. it's just good to make the world a better place. >> reporter: for hours he ran out to offer a helping hand and the kindness was returned. people gave him food, donations, and an outpouring of thanks. >> i've never actually really had that kind of response for anything i've ever done, i guess. >> reporter: an wouldn't you know it the next day we caught him lending his blanket to other homeless. >> i think it's amazing. you know we're struggling, too, and, you know, wa got to look out for each other. >> i already told them if i had more room in the car i'd let them in too. >> reporter: on a harsh winter day it would be easy for someone in his place to have a hardened heart but instead shelby gives what he can of himself. >> i'd rather make the world a better place. it's not all about me and i've got enough to get by, so it's better than nothing

shelby holiday looks at the troubled times of golfer tiger woods. emergency talks on the crisis in ukraine intensified. we begin with bloomberg market correspondent and an overview of the market action following the strongest three-month jobs gain in the u.s. in 17 years. good afternoon. >> good afternoon. heading into this january jobs report, there was a lot of talk that payrolls might disappoint because the jobs numbers are often underestimated by the government at the start of the year but it was strong across the board. whether you're looking at payrolls, the participation rate or wage growth. so the focus really turns to what does the federal reserve do next? dennis lock hart, the atlanta fed president, also a voting member of the company, gave us a little bit of an idea. he just finished talking and the takeaway from his remarks is that he's keeping options open for a june interest rate increase. he said public expectations for inflation have held steady. that's compared with market-based expectations. he also said don't ignore what's going o

joining us is the chairman of the senate banking committee richard shelby. good to have you with us. senator bob menendez said clearly a week ago the president sounded at times as if his talking points were from tehran and is now lined up with the president. what do you make of it? >> i think it's obama democratic politics. i would hope that we could come up with a bipartisan approach to sanctions. we have in the past. but negotiations have been going on a long time. i think they are too protracted. i don't know anything good will come out of it. but i think obama is chasing a deal. he's wanting some kind of deal with iraq but a bad deal is a bad deal and i think that sanctions worked, they will work harder and that's what brought iran to the table thus far. i believe it will keep them at the table or they will pay an awful price. >> the awful price they paid so far is the return of about $8.5 billion that have been released by the administration, most recently just under half a billion dollars, another $3 billion or so to be released before the june deadlin

senator richard shelby chairing the committee. sherrod brown is the ranking member and before miss yellen's testimony the committee will be taking a few minutes to mark up legislation to award a gold medal to the marchers affected by bloody sunday in the selma voting rights march in 1965. then they'll turn to the monetary policy report from the fed. you're watching live coverage here on c-span3. >>> will come to order. we have a quorum. the committee will briefly conduct an executive session to report s-527 to award a congressional gold medal to the foot soldiers who anticipated in bloody sunday, turnaround tuesday of the final selma to montgomery voting rights march which served as a catalyst for the voting rights act of 1965. i'm pleased to serve as an original co-sponsor of this bill. i thank the other members of this committee including the ranking member, who've also agreed to co-sponsor this legislation. with that understand that there are no amendments and there are no objections. >> mr. chairman may i make -- i'm pleased w

they are trying to attract more for the private sector. >> shelby holiday, thank you very much. the latest on your phone, your tablet, and we will see you with more "bloomberg west," tomorrow. ♪ >> ♪ somewhere beyond the sea waiting for me >> frank sinatra, dean martin. tony bennett, nat king cole johnny

they are trying to attract more for the private sector. >> shelby holiday, thank you very much. the latest on your phone, your tablet, and we will see with more "bloomberg west," tomorrow. ♪

. >> thanks, shelby. >> anytime. >> oh, boy. >> oh, man. >> look at that. >> is this breakfast?coke -- >> an ice cream float. >> i'm going to live forever. >> what were you doing at my desk? >> you wouldn't believe what i found. the kardashian stuff. >> i'm just saying, don'trq(dÑ/ knock it until you tried it. 84 years old seems perfectly fine to me. people begging for his advice. it's like my4o grandma to say she smoked a pack every day and drank every day and lived to her 90s so i'll do that, too, and i want to live to be 80. he is an anomaly. i don't see people endorsing this. >> people out there will be like, he has a point. >> he is drinking and imbibing all the things the invests in. >> oh, yes. if we're talking money just threw away a $14 salad. >> still in the garbage. you can get it. >> listen. >> munch on it with your wine while you're watching e! >> crying into my wineglass. >> you're assuming i didn't eat the salad. >> we saw you throw it out. >> and the second problem is that you don't think there's going to be an expense sheet coming anytime soon. >> here we go he

. >> speaking of great characters, shelby holiday did you do that on facetime really?e. >> keeping it real, i love that. >> when we were talking i was setting of the interview and was wondering 30 minutes of watching someone's computer, and amazing how much you can learn about someone watching their screen but how will you do a 30 minute television show watching a desk top? we started seeing the clips and it looks hilarious. amazing how fast things move around. claire uses facebook, go shopping and is on google maps. it really moves around. found when people are really excited about the show. >> shelby holiday, thank you very much. you can always get the latest headlines all the time on your phone and tablet. more number "west." -- bloomberg "west." tomorrow. ♪ mark: from bloomberg world headquarters in new york, i am crumpton. this is "bottom line" the intersection of business and economics with a mainstream perspective. to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks in tories making h

. >> shelby is in long beach still.re's a lot of stuff out there in the water who is feeling the first effects of this? >> basically anyone who does trade with asia. the cargo ship is feeling the -- with asia via cargo ship is feeling the impacts. just to give you an idea, you've got furniture, apparel, electronics, footwear we're seeing ripple effects across the u.s. economy. the retail industry says a west coast port shipdown would cost about $2 billion a day. automakers such as honda have announced that they're cutting u.s. output because they don't have the car parts and can't make the cars fast enough and the tech sector is being impacted because a lot of consumer electronics are shipped in these containers, things like d.v.d.'s, sometimes televisions, game consoles. there are also electronic parts. anyone manufacturing electronics is being hit hard as well. if you look at the big picture, 29 ports from seattle to san diego account for, handle about 40% of the cargo that comes in via ships, about 12 1/2% of g.d.p.

shelby opposed yellen's nomination for chair and for vice chair in 2010. the last july testimony from democrats -- democratic senator elizabeth warren over the issue of bank regulation. she has powerful opponents on both sides. no friends on either the left or the right here. and we'll be listening, carl i think not only what the issues are in the back and forth there, but how much of an issue is the fed in this year leading up to next year's presidential election. does the fed -- is it seen as a place where politicians can gain some points when it comes to their constituency. >> okay steve, we've got an hour and a half of this to go through. let's bring in diane swan economist with zero financial. what are you watching for now? >> it was interesting, flexibility was the key word that steve pointed out. the audit issue, we might see interesting playback on this. i do think it's a political issue but it's going to be more of a partisan issue than politics alone. warren and many of the senate banking committee democrats have come out and actually said they w

whole foods, and molson-coors. >> that was shelby holliday. >> the delay of the shipping industry on west coast might be causing $2 billion a day. however another industry is benefiting as we have been discussing all morning today. it is how much people are prepared to pay to airlift their stuff instead. >> looked like a hefty price. if you look at the production line and the diverting of cargo on seafarer, some are saying, we have to do it. air transport, they said, could cost 15% -- 15 to 20 times more. nearly $60 billion a month just for air transport. there you can see the video where you see the ships just grounded in the west coast ports over the weekend. again, we are talking about really helping the asian airlines here. it is a bigger business than what they see against their u.s. peers. 24% of its sales come from freight. compared to united, just under 3%. on the west coast, a lot of opportunity as well. san francisco, seattle, the largest gains in major u.s. airports in terms of growth. >> the question is how long this goes on for. that is the question. >> in terms of airli

she had two daughters, one, shelby, she was 8 years old, and shasta was 4. >> bug. >> where?k. >> i was so struck by how she was with her little girls, how she was with the kids. she was just very earthy and very real and easy to talk to. she was really a nice person. >> when she would be taking the kids to the school bus stop, it would be a wave, you know, through the car windows. if shane was with her, there was no eye contact, no waving. so it makes you wonder if there was something going on. >> if i'd have known anything about the domestic violence, you know, i definitely would have tried to help her. and i know the community would have rallied around her to help, too. i would have done anything to save her. you never know when a person can snap. >> sandy was scared. she said, i'm really afraid that he is going to kill us. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but

speaker 68-31 to pass the rogers-mikulski -- ranking member on the republican side of the senate -- shelby bill. this is not a partisan bill we are talking about. this is the bill we have agreed upon republicans and democrats, and we cannot even pass that. with a knowledge that if we do not, the future funding of america's homeland security will still be in question. yes, we could do it for three weeks. i call it the cold a sec -- cul de sac strategy. going in there over and over again and feeling somehow the pathway will open. the senate is now voting on the collins amendment. as i understand the strategy of the republican party in the house, it is to add the bill that has been rejected of four times on the floor of the united states senate. it did not open up. they went twice, did not open up. three times, did not open up. now, the proposal was to go into that cul de sac a fifth time while we focus on whether or not we are going to fund homeland security, not on the objectives of homeland security. ladies and gentlemen, i thank you for one additional minute. >> the gentleman has one addi

senator vitter has had special interest and so has senator shelby. you mentioned in your opening statement, you gave a speech on income and wealth inequality and that is through a robust job-creating economy. what steps ruin corporating to incorporate that into monetary policy decisions? >> we are very committed to both parts of the dual mandates price stability and maximum employment. we have been running a very accommodating monetary policy in order to promote stronger conditions in the labor market. we have been monitoring a wide variety of indicators of labor market performance, not focusing on any single measure and in particular, for example, the large magnitude of part-time involuntary employment, workers who want full-time jobs. the decline in labor force participation, part of which we understand to be or believe to be cyclical. these are things that we're monitoring very closely. we're also looking at wage growth and the fact that wage growth is really not picked up very much during this recovery i take to be another signal that although th

so why don't we, by the way the dog's name is shelby. >> cute. >> was close to being put down euthanizedlter in pennsylvania. but, being ya, anyway. >> he was adopt in the 2012. >> yes by bucks county shelter. >> the owner says that shelby used to be quiet. but look at that shell bee is out of herschel. >> superstar. >> she's a number one stunner. >> and she signs every summer. >> here is the thing. we will have her on, next thursday, for fox fursday. >> you want to sing? >> i can guarantee. >> will you have like an h owl competition? >> howl-off. >> what the howl, i'll do it. >> so talking about marketing decisions on this show. >> uh-huh. >> different companies have. what would you think if a crispy cream store had a kkk special? >> what? >> ya, big mistake. so yes. now, the only thing, they say it is a big mistake it and it did happen in london, so, don't they know anything about american history? the kkk special? for donuts? well, there go. that's all i have to say about that, they took down the sign. >> we'll take more about it later. >> it isn't interesting to anybody but me. >> it

of an old line of attack for richard shelby.s been very worried about quantitative easing and the expansion of the balance sheet. the fed is essentially exercising too much power in his mind. he wants new oversight. he is not necessarily a backer of auditing the fed. he said, i don't want to be a member of the fomc, but i do think that congress needs greater oversight over the bond buying and what the fed is going to do to get rid of all of that bond buying on its balance sheet . he wants greater oversight, but i don't think he is right there with the audit the fed rand paul. >> which side will she face more pressure from? >> i think on the regulatory front and this oversight question, the republicans. i expect democrats to perhaps pressure her most on the issue of interest rates. some democrats, i would watch chuck schumer in particular, push her to hold off on moving too quickly. there have been real concerns within the democratic ranks that may be the economy has not quite turned the corner that everyone thinks. i would expec

we have to talk about it when it disfavors us, too. >> and shelby steele, you have argued in the paste problem for reparations would be trading honor for dollars, selling our birthright for a pot of porridge. what did you mean by that? >> yes, you know i think there's a problem of dependency that -- where we have sort of allowed that to happen in our community. to be more dependent. interdependent. and that's hurt a great deal. >> how do you answer the argument that mr. steele makes in his book, ta'nehisi, that this government action has divided us more than ever before, done more harm than good? for african-americans. >> i look forward to reading the book. i haven't gotten a copy yet. i think i'm a little familiar with the argument. he's correct. government action has divided us. i don't think it's the government action that mr. steele is talking about. the taxes that were put on african-american labor during enslavement. i think it's the red-lining period when we effectively erected a white middle class in this country and declined to do the same thing with black people and left the

bearing some arrows there from senator warren, of course, and earlier from senator shelby. senator warren asking about the swap push out rule and one point telling her i just need a yes or no here. of course the fed chair's response the fed is not looking to alter dodd/frank. steve liesman is back at hq i hope he has his ear piece in. was that the highlight of this, steve steve? >> sort of in terms of what matters to the market's monetary policy i don't think it was but in human drama sure. elizabeth warren is good at using her time, trying to get yes or no answers that the chair may not be willing to provide. the issue of scott alvarez the fed's chief counsel apparently criticizing a rule of dodd/frank and warren pressing her, pressing the chair as to whether or not that was the fed's instruction or in line with the fed board of governors thinking an important one and issue about a leak that came from the fed 2 1/2 years ago and whether or not warren could get a briefing on that. one of the more dramatic exchanges but not i think from a policy standpoint or market standpoi

. >> i love that my grandmother says on camera - shelby thought we were upset because she was having a black and a white baby. i thought to myself "do i have poka dots?" that was the general sayings. -- generation. i love seeing that. we are so crazy in the world - whether it's race or religion, when you show people in their truth, we are all humans, and you see the humanness of who she is, who my mum is and what they struggled with. >> how did your mum and grandma white. >> and red all over. >> and red all over. >> when i was born. i think what they did was that they raised a child to have confidence in who she was. i didn't have to be a part of a group. you know, i didn't have to be black, i didn't have to be white. i had to be rain. i had to accept i had big hair, that i was different. and that i was to follow what my truth was, whatever that was to be for me, i was follow that. my grandparents were good in letting me perform. everyone knew i was a performer. my dad came out saying "you were already funny, we knew that's what you were going to be", basically you were singing as yo

officially at the philadelphia international airport 3.7-inches as we move into delaware shelby shelbyville 6.5-inches. wilmington a little over four and what about new jersey? cape may saw 7-inches. haddon heights saw little over five. temperatures below freezing area wide. so watching out for that slush to refreeze tonight turning into black ice. temperatures single digits and teens. so overnight watch those secondary roads especially when i come indoors yes more bitterly cold air is on the way and we have a couple of chances for snow, guys, in that seven day forecast. >> all right. we'll sue in a little bit scott. traffic can be issue let's hit the rush right now. this is route 1 in rehoboth beach, delaware. crews have done a good job clearing the main roads as you can tell right there but black ice could be a threat tonight with temperatures this cold. fox 29' chris o'connell is driving the roads in south philly. so, chris how goes it? >> reporter: well, lucy, the good news is, most of the roadways and streets we've been on for the past few hours very clear. penndot and philadelphia str

shelby, thank you very much shelby who visited ferguson. coming up, mcdonald's.w ceo has work cut out for him. sales fell more than expected. we will have much more on that. plus encase you missed it, we will get the scoop on the big winners and the value of grammys these days. ♪ >> the governor of the bank of england has called for a big push to implement global banking reform. thinking ahead of a meeting with central bankers in turkey, the government may be tiring of implementing regulations. a powerful mining tycoon. the former chairman was sentenced to death in may. his brother and three others relate to the group and were also executed. and the operative thing gdp growth of 7.4% in march, a 5% increase in the december time. questioning the growth surged after the way gdp is calculated in india is changed. that is the latest world news for the hour. for the opening bell, a check on big movers. scarlett, what is the action? >> a deadly saw friday. the big story on friday and it continues today, treasuries. they are ripping some of their loss am a which firmly

shelby will be a guest tomorrow on "squawk box."from massachusetts democratic senator elizabeth warren who excoriating the chair over the fed's failure to comment on living wills. that's a mandatory blueprint for how a bank can be broken up in a crisis. >> what we need to do is to give them a road map for where we see obstacles to orderly have resolution under the bank code and to give them an opportunity to address those obstacles. >> i appreciate that you're doing that but the statute it seems to me is pretty clear here. that it's mandatory that these plans be submitted each year and that each year you determine whether or not the plans are credible. >> so as we talked about yesterday, we're listening for hints on the monetary policy but also to how much the fed is in play politically this year. the central bank doesn't seem to have too many friends at the moment on either the right or the left. becky? >> all right. this is going to be something people are going to be watching pretty closely today. most pundits expect he'll be abl

. >> speaking of great characters shelby holliday did the interview. you did that with facetime? to keep with the theme of the episode. >> i love that. when we were talking i thought, before when we were sitting at the interview i was wondering, 30 minutes of watching somebody's computer is amazing, watching their screen, but how are you going to do 30 minutes watching a desktop? then we saw the clips and the show actually looks hilarious. it is amazing how fast things move around. where is using face time. -- claire is using facetime. it moves around. there has been buzz on the internet. people are excited. >> they will watch the show for the first time. thank you. we appreciate it. you can get the latest headlines all the time on your phone and tablet, bloomberg west tomorrow. ♪

senator shelby: congress should not run the fed, some people think otherwise but we should have strongight over the fed, what they do, because the fed should not be so independent they are subject to no one. olivia: senator rand paul introduced the so-called audit the fed bill, 29 republican senators and one democrat are cosponsors of that bill. and grace's creditors say talk is cheap, now they want to see action. ecb, imf, and others say greek proposals are just the starting point. the finance ministers and signed off on the greek reforms that clears the way for a four-month extension of the bailout. france's president press while francois hollande sounded optimistic that president hollande: it also respect the rules of the european union, and particularly the eurozone is charged with safeguarding. olivia: meanwhile, investors who did hold onto their greek bonds are reaping rewards. the greek sovereign bond index is up 11% right now, the best performance in the world. brendan: and ukraine, fighting with pro-russian rebels has subsided. still, authorities say the full cease-fire has no

shelby holiday focuses on the latest outbreak of measles and what it means for vaccine maker merck. alix steel tells us about the management shakeup at petrobras. we begin with peter cook as the chairman of the u.s. federal communications commission releases his proposal for net neutrality rules. good afternoon. >> good afternoon, mark. his basel spelled out -- his proposal will affect every american who uses the internet and every web business as well. it kicks off what should be a giant fight that pits the most powerful companies against each other. responding to millions of public comments and a challenge from president obama back in november proposing to start regulating broadband more like a phone service instead of an information service, dictating strict new rules over how they manage traffic on their networks. the title ii reclassification is a big leap for the fcc. one he has been reluctant to take until now. it would impose rules barring ifc's -- isps from creating fast lanes, wireless networks will be covered and in a bid to soften the blow, wheeler promises this will be