shery: thank you so much.istoricad, takata's airbag recall and how it could have in -- could have been avoided. ♪ deadly airbags recall as becomes a massive, it is the biggest auto recall in history. bloomberg businessweek took a look at how takata ended up in so much trouble. ,he biggest in u.s. history more than 60 million airbags being recalled. as of may, only about 8 million have in replaced that have been replaced. there just aren't enough replacement airbags to go around. it is hard for car dealers sometimes to find the owners of used cars. a lot of the cars and most danger are older. recall notices have arrived at the homes of people weeks and months after they been in an accident. shery: we've seen these criminal investigations, personal injury litigation's. -- litigations. has been settling some of the personal injury lawsuits, once where shrapnel has damaged, injured somebody. and honda have been settling those cases. there is a big class action that is coming up. there are a few cases where people

i am shery ahn.eekingation brands is a valuation of roughly $771 million for the initial public offering of its canadian wine business later this year. constellation is working with goldman sachs t on the offering. the company is expected to list in toronto as early as this fall. resorts international rebranding -- renovating the property to create two hotels. one will be called the park mgm 00 rooms. house 27 the other will be known as the nomad las vegas. match theer aiming to convenience of services offered by amazon and other e-commerce companies. that is your bloomberg business flash update. did the market overreact to this morning's lackluster jobs report? decline -- one-day jeff rosenberg shared his perspective on bloomberg earlier today. can we just talked for a second on the reaction -- i characterize it as an overreaction. there's a lot of factors here. it certainly big report, but we and saytake a step back we expect payroll growth to grow. this is a weak report, but let's not go over

shery: any anecdotes that stood out for you?k: i always like to comb through the beige book to see if they pick out small things that may resonate in the economy in the months ahead. may mirror what we've heard ourselves. one, a number of districts reported that online sales are eating into the retail numbers. that should not surprise us. cominghe fact that it is from the fed, it is noteworthy. something has to become a real trend for it to report up to the constituents to the fed banks and then into the beige book. car sales are growing faster --n david: erik schatzker joining us from washington, d.c. more "bloomberg markets" coming up after the break. ♪ get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. david: this is "bloom

shery: exactly. fail mean this time around, and what does it mean now that we have a possible brags it -- a possible brexit? dakin: there was a question as to if bricksexit was factored in. i believe, though i don't know that some of these decisions were made before brexit o ccurred, so i do not think that will have an impact on these results today. oliver: frankly speaking, how often do these stress tests surprise? has it been largely newsmaking, is it just a thing they have to go through to go through the motions, or is there a change to -- is there a potential to really change the outlook for some of these companies? dakin: we did see more surprises in prior years as the fed figured out what it wanted to do in these things and the banks figured out what the fed was trying to do. in the last few years, communication between the fed and the banks has gotten better. the fed has done a better job of saying, "here's what we expect from you guys." the chances of surprised have been lessening but we coul

i am shery ahn. tom: thank you so much.e bring this to your attention, a further contraction in south africa. this is a big mess. news butittle bit of it is an overlay to what we have seen. statistic off of what was estimated by economists. there was something in the air. when it somebody to talk to us about the elephant in the room, that would be germany. carsten brzeski is with ing. october, -- he did crew for academics and harvard. it is like 700 teams on the charles river. you have done this. carsten: it is the best event in the world. tom: every october. wonderful to have you here today. bring up the german cpi number. there is something going on and i do not know what it is. there is a drive lower and to me the word is chronic, there is a chronic disinflation and lower rates. why? carsten: because of globalization. increase% nominal wage and we have too much competition coming from other countries. talkedseph stiglitz about the discontent of globalization. maybe there was a 2006 globalization. what is the globalizatio

comes into focus. ♪ shery: this is "bloomberg best."lobal tour of the week's top business headlines continues in china where investors and government of the chills waited -- government officials waited to learn if msci would add mainland global indices. the verdict came down on tuesday. >> chinese stocks have been denied entry and a sign msci, and a sign international investors still are not entirely comfortable with mainland markets. was this a surprise? >> it was certainly a decision that divided investors in the run-up to it. we did have goldman sachs describing a 70% chance this was going to happen. there's no doubt that china have increasingly taken more and more steps to try to address some of the issues, but at the same time, i do not think that to live through the intervention and everything that happened in china's markets over the past year -- it was hard to imagine that could really be forgotten by global investors and the such inclusion would be accepted this time around. >> there's still a lot of concerns. >> yes, there are

shery: gold is surging .8%. we are seeing a trade at 1272 but we are hearing from a survey, 39% of respondents 1400g that gold may exceed by the end of this year. volatility is searching for the past four days. take a look at the vix. of 2.4%. it has been up the last four days. so yes, we could say that some of the fear trade is back right now. vonnie: thanks, shery. let's look at the headlines. mark crumpton has more from our newsroom. mark: it is now official, president obama has endorsed hillary clinton for president. the president made the video announcement on mrs. clinton's twitter account. i want those of you who happened with me from the beginning of this incredible journey to be the first to know that i'm with her, unfired up, and i can't wait to get out there and campaign for hillary. mark: white house press secretary josh earnest told reporters that president obama and mrs. clinton full make their first campaign appearance together next weekend in green bay, wisconsin. the president's endorsement came

shery: stocks retreating for a second day. after pressing given global stocks have announced their biggest two-day decline in a month. the s&p 500 down 1%. the nasdaq down more than 1%. we are seeing those attempts for a new rally, but they are not holding on to those gains. take a look at the s&p 500 intraday chart. we are not getting to that high we saw in may of last year. right now, trading below that 2100 level. lower, losing 1%. for the entire week already in negative territory. the s&p 500 reversing three weeks of gains, down .3%. the dow still clinging onto those gains of .1%. says there is -- the scrutiny from stock down more than 2%. that fund has been under investigations internationally from switzerland to four other countries. the bank is being asked to report on its $6 billion in bond sales. take a look at intel today. have a chip order from apple. this is a big win for intel. apple had used qualcomm in the past, but they are trying to diversify their supply sources. we are seeing government bond yields across th

here shery ahn.ressure on bernie sanders to exit the race for the democratic presidential nomination. according to the associated press hillary clinton has enough nomination, win the including those she has one in commitment from superdelegates. polls show she is in a tight race in california with bernie sanders. she is depending on superdelegates that do not vote until july 25. a car bombing in turkey has killed at least 11 people and wanted dozens. said --s and eston ball in istanbul said the bomb targeted a police vehicle. meanwhile, turkey is once again threatening to suspend the refugee deal with the european union. the warning comes from the turkish foreign minister who says if the eu does not make good on its promise to let turks visit europe without a passport, they will block refugees. judges at the european union's top court have rolled on a case that could spread the fight over whether the u.k. leaves the eu. one of the biggest issues in the brexit campaign is how the eu deals with those s

shery: consumer confidence in the u.s.ed its highest level since october, climbing from 92 point or 298 last month. that broke a two month suite. it is its slowest pace in two years. that's the bloomberg business flash. coming up on bloomberg markets, volkswagen sets and auto $15stry record with its billion commissions settlement. can they put their the emissions scandal in the rearview mirror? ♪ bloomberg world wide, this is bloomberg markets. let's check on the global story of what is happening across asset classes right here and right now. positive and the 2%. closed, let's call it the biggest drop on record with a loss of 24 percentage points. we snapped back but barely. switch up the board and the fx softer story. the pound up why .9% in the euro north of 110. the yield on the 10 year is one .46%. let's turn to volkswagen who will pay almost $15 billion to settle claims they cheated on emissions test. means -- does that mean the w past problems are finally in the rearview mirror? relief?reathe a sigh of are there lega

shery ahn has your check. shery: the second consecutive week of declines.&p 500 losing 4/10 of 1% before the week. the nasdaq is the worst performer and near a four-week low. we have to take a look at the pound as we head into next week, because of a bad brexit vote, and the pound has been a gauge of sentiment on the referendum. the week has gained 7/10 of 1%. we have the campaign think suspended for seven days. also have an opinion poll on voter sentiment. that has been giving the pound a boost to their. investors have been embracing. vix sort of this week. we saw more than 40% in two days to climbing few sessions. today is a quarterly event. , which means options contracts and futures expired. these are not that uncommon. it is now pairing weekly decline. that adds the weaker dollar giving a reason for investors to be given a week. scarlet: thank you so much. the latest in the markets. for the final few minutes of the trading day, we want to bring him michael regan for much needed perspective. i guess weleague -- can't talk about the markets without menti

i'm shery ahn. >> and i'm betty liu.et back to those disappointing job numbers and what today's report means for policy meeting later this month. what did you think, joe? know, normallyu in these reports, even when they're bad on the headline, something thatnd says, oh, this is still a good trend. this one you really couldn't find anything. the only hope is that -- >> wage growth. that's what we've been say. as expected,in 2.5%. we didn't get an acceleration, came in, in line. i mean, i guess you could make an argument that the employment 4.7% is not bad news. yes, the labor force participation rate declined. 4.7% unemployment would -- >> but doesn't that mean there's going into thele market to look for jobs? >> that's the thing underlying. any goodt wasn't trends. and the labor force participation rate, which i know, the interview is pointing out that looked like it had been going in the right direction. that was one reason why, even though the unemployment rate has flat since last october, people weren't worried, becau

shery: we do have some individual bright spots out there. american airlines gaining 2.8% after the repeated forecast for better margins in the second quarter. we have smucker rising 8% because they send their quarterly earnings and sales topped estimates. food and helped by pet dunkin' donuts printed copy pods. shey risinge her 2.5% in speculation of a takeover to take place. we had some unverified tweets out there calling for a takeover. stocks helping the there. vonnie: let's check on first word headlines. mark: house speaker paul ryan has unveiled a national security part of the republican new agenda. calls for increasing military strength and taking the fight directly to islamic terrorists. for securing u.s. borders, but no talk of donald trump's proposal to build a wall between the u.s. and mexico. the supreme court says judges may in rare circumstances call injury back to the courtroom after it has delivered a verdict and was dismissed. 6-2 involvinguled a traffic accident case in montana. the judge discharged the jury before realizing

shery: welcome to "bloomberg markets."berg world headquarters in new york, i am david gura. vonnie: i'm vonnie quinn. david: government bond yields around the world sinking to record lows. where should investors be putting their money? vonnie: oil and commodities also declining today. we will hear from the ceo harold resources hamm. move to rare bipartisan help puerto rico. .e will hear from judd gregg let's head to the markets desk where shery ahn has more. shery: stocks retreating for a second day. after pressing given global stocks have announced their biggtw

shery: striking a cooperative tone at a meeting. today, alongside and john, shetary says that countries should not fear the agreement. china's land reclamation work in the south china sea. tochina and the u.s. need overase communication asia-pacific affairs. the vast pacific should be a stage for inclusive cooperation, not an arena for competition. shery: the annual dialogue between the u.s. and china is taking place today and tomorrow. the presidential elections. a 77-year-old wall street veteran and former finance minister has a 1.5 edge over fujimori with about 80% of ballots counted. the leader remains too small for him to declare victory. reiki may become rome firstrsed -- rome's female mayor. she is part of the antiestablishment five-star ultimate. a win would be a blow to the prime minister. he is trying to convince italians that he can make good on his pledge to end years of stagnation. tributes from around the world knownuring in for the man simply as the greatest. muhammad ali was a three-time heavyweight champion of the w

i am shery ahn.: thank you so much. time now for the morning must-read, tom keene joins us. looking ahead to the stress of brexit on the global economy. "central bankers are finding their policies gummed up by a potential exit of britain from the european union. immune tomies are not events elsewhere. could join china's slowdown and europe's greek led debt crisis as barriers to a more robust economic recovery." what came out in 1939 was about closed economic systems. we thought we had the answer five or six years ago, but that is wrong that they are a more economic -- open economic system. with negative interest rates further grinding low rates, the south african gdp missed today. a commodity uptick a little bit. there really is no domestic central bank. david: this is almost like the butterfly theory. tom: the butterfly is over in brooklyn this morning, or maybe last night. all the cliches are happening within a truly global economy. david: does this mean that nothing will get done until june 23? to

shery ahn has the latest.aking a look at natural resource stocks. they have let the rebound in europe and it is carrying over to the u.s.. that comes on signs that china may be willing to build more of their base metal stockpiles. they are the largest consumer of these metals and they could be trying to seek a supply and demand allen's. alcoa risinging almost 3%, that is after falling for four consecutive days. take a look at nucor, they are also up. we also have learned that the basal industries, we are talking about chemical companies here, up 1.5%. westlake chemical is also up 1.5%. and we are hearing they were upgraded to a buy from a neutral by suntrust because they think the company markets those products at an opportune time. also, take a look at agrochemical stocks. let's start with monsanto. they are up. we are seeing the ubs group saying that i dream has reiterated a buy rating there with a $102 price target. ubs is calling a bottom for fertilizer markets. mark: thank you. right, 3:18 in london. in n

time for the first word news with shery ahn. victorious in puerto rico's democratic primary. fewis a few democrats -- a delegates shy of clinching the nomination. she could get that tomorrow with primaries in north dakota south dakota, new mexico and california. has denied claims that he saw fewer polling places in puerto rico. sanders is criticizing the way the islands primary was run, calling it shoddy. sinister -- private the finance minister has a lead over his opponent. he has a one point edge. 90% of the ballots are counted. the margins remain too small to declare victory. his promise is to restore employment and for structure if he wins. global news, 24 hours a day. powered by our 2400 journalists in more than 150 news bureaus around the world. i am shery ahn. now, let's go to today's morning meeting. we hear what banks are looking at. bank of america, the strong job growth is inconsistent with the modest 2% gdp growth. it was a surprise, mays low payroll number puts the average much more in line with gdp. globalk's head

from the bloomberg news headquarters, i'm shery ahn.ned by bloomberg's paul allen with a look at the markets. good morning. paul: good morning. we will start in new zealand, trading for 30 minutes so far on friday, currently off about 1/5 of 1%. in negativees still territory, but they have been creeping up, and we are expecting gains on the a sx in australia as well. we will be keeping eyes on shares on crown resorts. they had a pop yesterday after they announced they would spin since macau was weighing on the australian assets, but it has been received very poorly by the credits rating agencies. continue tot will have declining cash flow for the results. crown yesterday was up by 12% on the news of that spinoff. taking a look at amc, what -- am z, one of the major banks in australia. the media says we could well see a possible sell down of units bank.mz that is some of what we are watching around the region today. ♪ ♪ cory: at the app developers' conference earlier this week, there is a running focus on the apple watch. the updated ope

. >> and i am shery ahn. to bloomberg markets. >> we are taking you from london to new york to aspen colorado in the next half hour. here is what we are watching. aobal stocks rebounding for second day and the dollar weakening on speculation that policymakers will try to prevent brexit from hampering local growth. the ftse has -- fink sit down with larry in the hour. shery: i will be sitting down with sam eisley, cofounder for his current pick in the pharma sector.

our best interviews are coming up. ♪ shery: this is "bloomberg best."me to replay some of the week's most interesting interviews on bloomberg television. we'll start with the exclusive sitdown with cent capital group who reflected on crucial changes in the banking system. >> the good old days, the banks would have deposits and other access to capital from the fed that they would have a very lopat earn and earn a spread and make a loan, with all the regulations, the banks no longer make loans. tory y don't hold inevent and they don't make loans anymore. and i'm speaking, you know, making a point by speaking broadly. obviously banks make loans to some extent. but they're really tightly regulated. so, the market then no longer can look to banks to make markets and so you actually have to have a match of a buyer and a seller. if you want to sell, there's nobody there to sell to, and if you want to buy, there's often not anybody selling. what do institutions do? they've turned to e.t.f.'s. an easy way to add beta or take risk off and so paradoxically, and e.

here is shery ahn.eople and wounded dozens more. , seven are among the dead. no one has claimed responsibilities. the islamic state has carried out deadly attacks. in thenomy grew faster first quarter than previously estimated. the european union says gdp rose .6% in the first part of 2016, the fastest pace in a year. this is due to more investment and a pickup in consumer spending. is said to have projected european union to shield from sanctions on iran according to people familiar with the matter. europe, russia, and the u.s. have list -- lifted sanctions for prescriptions on dollar-denominated with iran still in place. global news 24 hours a day powered by our 2400 journalists and one and 150 news bureaus around the world. david? david: financials have had quite a past few days. rebounding yesterday, paring most of their losses. the morgan stanley analyst joins me now for today's meeting. start right there. are the banks basically condemned to follow whatever they have to say? arehat is not how we r

shery: i am shery ahn with the latest business flash.l oil market will be almost balanced next year. they predict that demand will continue to rise faster than production and it says the oil surplus in the first half of this year is about 40% smaller than estimated a month ago. alibaba predicting revenue will soar in the coming fiscal year. the largest e-commerce company in china says sales should rise 48%. part of that growth comes from dealmaking. alibaba has spent almost $19 billion on acquisitions in the last year. more news from alibaba, jack ma says there is a new just a big problem when it comes to rooting out counterfeit goods online. he says the fakes have gotten better than the general article. alibaba is the best in the world when it comes to fighting the sale of counterfeits. jonathan: the equity market in europe is not looking great, still down about 9/10 of 1% on the ftse. in the united states things firming up a little bit. we are coming back into positive territory almost across the board. abigail: one stock we are watchi

. >> sheri is working on herselfy game. >> my arms are short. i can't get everything in there. >> not everyone could be six feet four. >> you have perfect selfie arms. >> they're pretty good. >> then, there is this guy. >> if you're using one of these, have you to step it up. >> a product called idle cam. >> we can choose better receivies. >> the last time we saw him, he was working on a tiny drone in your pocket. it's a far cry from drones the company used to make for the movie industry. >> it's flawless. so we need to create a stabilized view for a drone. while we're at it, we figure let's get another product. >> it's idle cam. it's a drone camera without the drone. you set it down and control from the smart phone to frame the perfect selfie. where it can really shine is video. >> it reminded me of how small i was. >> it is based on the full-sized stabilizer called the hollywood. >> you're moving around, it keeps it steady. >> the fact is that most people don't have a cameraman following them around. idle cam is an attempt to give you the best

sheri was looking forward to a visit with her sons in california. >> this is mate. this is riley. >> the two grandchildren she hasn't seen in a year. >> the only thing i need is to see my children. >> and so her sons began sending her $50 gift cards for southwest airlines. she can save them for air fare to colorado. >> they sent them for mother's day, christmas, my birthday. >> by spring, she had enough for round trip tickets, however, she tried to book a seat, southwest said she cannot use all of the gift cards. >> they said that was their policy. and that is the end of it. >> southwest only allows four for one gift card. she can use three gift cards and credit and debit card to cover the remaining $350. >> i was very upset. it was so unfair. >> she had to kick in $350 of her own money, when she had eight extra gift cards just sitting there. southwest would not let her combine the cards into one. or cash them in. >> so why can't i use it? >> jerry contacted 7 on your side. we asked southwest. airline did not provide an official statement but pointed to the terms an

sheri was looking forward to a visit with her sons in california. >> this is mate. this is riley. >> the two grandchildren she hasn't seen in a year. >> the only thing i need is to see my children. >> and so her sons began sending her $50 gift cards for southwest airlines. she can save them for air fare to colorado. >> they sent them for mother's day, christmas, my birthday. >> by spring, she had enough for round trip tickets, however, she tried to book a seat, southwest said she cannot use all of the gift cards. >> they said that was their policy. and that is the end of it. >> southwest only allows four for one gift card. she can use three gift cards and credit and debit card to cover the remaining $350. >> i was very upset. it was so unfair. >> she had to kick in $350 of her own money, when she had eight extra gift cards just sitting there. southwest would not let her combine the cards into one. or cash them in. >> so why can't i use it? >> jerry contacted 7 on your side. we asked southwest. airline did not provide an official statement but pointed to the terms an

sheri stevens. i want to go back to the discussion of productivity. to me, that really seems to be a very, very significant concern. the one half percentage growth in productivity we had been 2009 isn't enough to have a bury -- very dynamic growth prospect, but you stated we don't know the reasons. if we don't know the reason, how could we effectively address it? other than saying we need more business investment? maybe that isn't an issue. could you comment on this and what you think -- the spurt from the i.t. revolution has run its course. and we don't have another positive stimulus inside. that is a definite concern. lael: there are a bunch of reasons that people are pointing to us possible explanations. i don't think any of them are definitively, in terms of evidence, are definitively known to be the answer. one of the reasons is that somehow early investment that had been made in information technology has now been fully diffused and run its course. others are looking at the question of measurement error. we had good work at the fed that looks at

. >> sheri is working on herselfy game. >> my arms are short. everything in there. >> not everyone could be six feet four. >> you have perfect selfie arms. >> they're pretty good. >> then, there is this guy. >> if you're using one of these, have you to step it up. >> a product called idle cam. >> we can choose better receivies. >> the last time we saw him, he was working on a tiny drone in your pocket. it's a far cry from drones the company used to make for the movie industry. >> it's flawless. so we need to create a stabilized view for a drone. while we're at it, we figure let's get another product. >> it's idle cam. it's a drone camera without the drone. you set it down and control from the smart phone to frame the perfect selfie. where it can really shine is video. >> it reminded me of how small i was. >> it is based on the full-sized stabilizer called the hollywood. >> you're moving around, it keeps it steady. >> the fact is that most people don't have a cameraman following them around. idle cam is an attempt to give you the best parts of th

down, even if you look long-term at the numbers. , long-term do better in democracies than to tell a shery ahn states. in the short term, people are not making that connection. carol: you take a look at a test that could determine a better life for kids in china. have the high test, a more important sat. it determines where you're going to university or college. students in rural areas are not as ready for these tests as urban areas. are talking about equalizing it, making it easier for rural kids to go to universities elsewhere. the middle class do not want their chances for their children to be diluted. david: and unbelievable amount of work that goes into prepping for it. one kid is studying more than my child has ever studied in her life. ,he gets up at 6:00, studies she's in class until 11:00 and then she studies another two hours. tuning inchild was now. thed: you look at sears, box retailer who has fallen on tough times. doing much, not talking about selling off its better known brands, like kenmore. this bad --en david: glide path. ellen: right. merged with kmart and they have not

shery: stocks falling today, but paring earlier losses after that weak jobs number.e most since february. what oil prices will look like

shery: you can learn about the economic performance of having women on boards and ceos at g ei index.tarted as a messaging app and branched out to merchandise and more. outline appears to be heading for the -- how line appears to be heading for the biggest ipo. ♪ ♪ betty: this is "bloomberg markets. " vonnie: look to be the biggest initial offering, japanese messaging app line is making itself public. it is listed in tokyo and new york sometime late to mid july. betty: the goal is to raise between $1 billion and $2 billion and have valuation near $6 billion. let's bring in emily chang in san francisco. that is a lot of money to raise. what exactly are they planning to do? make a big push into the u.s.? emily: a big push to u.s. investors to get them into but they ares ipo, focusing on expanding in southeast asia, looking at companies like, countries like indonesia. what is interesting about line is they are possible. it is a narrative they are pushing. they are hovering around 200 million users for quite some time. if you look at tencent, which makes an app goes to line, they have 700

the losses we saw on friday, generally across the board there, and at the 12:30 hour, that is when shery ahn was speaking. after that, we saw a rebound and we are near session highs up about .6%. the markets are shrugging off any negativity they thought might have been coming from chair yellen. to note we att 2111. the closing record high as 2130. we are within 20 points or so less than one percentage point of hitting that. let's talk about interest rates. as he deals with the tenure and the treasury. you can see similarly a leg down in terms of the yield. we are sort of right now. the yield is 1.72%, up only to pick -- two basis points. happening at what is with the bloomberg dollar spot index. then a flat but you can see a downward trend since 24 hours ago. down here, we can see this when janet yellen was speaking. how about commodities? ramy: it is interesting. i want to show this cool chart. what you are basically seeing here, if you can see it, the white line here is the bloomberg commodities index and everything anyway 20th, it is now in the bull market of 20%. you can imagine the

i had dispatch contact the sha e sheri sheriff's office where the truck was registered to.the house and didn't find anything suspicious. >> william greer was charge would public intoxication and outstanding warrants, which was the only thing we could come up with at that time to be charged with. in order to charge them with a crime, you have to have evidence that they actually committed the crime. we had a confession, obviously but without some sort of evidence, mainly a body, dna, crime scene, something, there's nothing you can do. i believe he bonded out for everything. he may have payed a fine for the public intoxication. >> liberty county going to let him go on a dam pi? even if you're not sure this man's telling the truth, you think he's on drugs, aren't you going to find out the facts first? and if it hadn't have been for that sergeant in liberty county, dewy, i wouldn't know anything. because he the one who called me and told me what i think gthink. the son of a -- is telling the truth. >> got a call from her mother said she had got a call from the police that they h

shery ahn is with us. sherry: we are looking at u.s. stocks which have not been doing great.ding for a second weekly decline, the worst performer week.the the s&p headed down for a straight week, down 1%. of coarse, we are seeing concerns over a possible brexit next week, not to mention concerns over what the fed will do going forward. what is leading the losses? technology shares. apple, for example, is now headed for its biggest slide in five weeks, done 1.7%. of course, we had news that china is now saying the latest iphones are violating a design patent from a chinese company. some analysts also thinking that they are going to see fewer shipments of iphones in the next reduce, in order to excess inventory ahead of the iphone 7 launch. we are also looking at linear technology. this company makes electric components for vehicles. cleveland research coming out saying their key market driver, sales driver, which is china, growth there may be moderating. they are down 3%. parentlook at google's company out of it. group --said you to youtube growth may be slowing, which is of c

shery: oil prices sink again, but as the market tottering towards balance?ote days away, the financial vote -- the financial world braces for impact. >> short term forecast have already been partly very wrong.

from the bloomberg newsroom i'm , shery ahn. bloomberg west is next. ♪ in for am cory johnson emily chang and this is , bloomberg west. coming up, oracle's transition to the cloud is accelerating. we will break down the company's cloud fueled q4. plus, the price of bitcoin has gone up 70% in the last three weeks. we will talk to experts. and the cheapest, smallest satellites in the history of aviation are changing the space and game. first, to our lead. a twist in one of the biggest stories. bloomberg has learned before microsoft bid on linkedin, salesforce made a bid. let's bring in our blooms -- bloomberg news reporter sarah , frier joins us. this is really interesting, and it starts to make sense what microsoft saw in linkedin, because salesforce saw the same thing. reporter: and also the price. people were questioning microsoft paying a premium over their current trading, although lower than what linkedin was trading at six months ago. people were saying there must have been something going on. of course, bloomberg broke on

a virginia mother is livid asli she says a young girl was attacked on the very trail sheri war it happenedlong silverbrook road in already den. it's a trail that leads to a million dollars and high school. fox5's paul wagner is life with the latest. paul, i would assume many students are walking along thisg way. >>reporter: this is the path, i'm standing on it right now and this back here is the path that has been controversial.ial. there's some question right thit minute as to whether this pathhs right behind me is the actually the one where the girl was assaulted this morning. in talking with a school spokesperson and the police it's little unclear it may be a path just over here behind these tennis courts. in any event, where i'm standing it has become controversial and it is controversial simply because some parents who live i a subdivision on the other sideh of the wooded area here became very concerned about allowing their young girls to walk downk this path early in the morning and they asked fairfax county police for an exception to let

i am shery ahn. jonathan: coming up, chinese stocks plunged as fixed asset at the slowestw pace since 2000. george osborne joins go. what the fallout could be. more coming up. >> this is bloomberg . china's stocks are down today. they fell over the decision whether to include china a shares in its global index. welcome back simon. good to have you here. why are they down? >> the brakes at issue is weighing on global markets but i think there are issues in china that are specific to china. the numbers that we saw -- stabilization but when we dig deeper, not very encouraging. that industrial production growth only being achieved through the application of heavy government stimulus. if that stimulus was withdrawn, we would see afar worst picture. i think people are realizing china is not going to be an engine for the global economy anytime soon. 6% growth is going to be sufficient to keep these domestic situations stable. however, it really cannot drive global economy down. much of the problem is th

the sheri#9 deputies about securing weapons while in the academy. >> we make sure the deputies are awarevehicles and take them inside and lock them in saves. >> reporter: state senator jerry hill is pushing a bill in sacramento that would require law enforcement officers to safely lock and secure weapons inside of their vehicles. that bill is being debated in an assembly committee later this week. in san jose, matt keller, abc 7 news. >> jim hart will meet with members of the obama administration this week. the sheriff is part of a group of law enforcement leaders who have been invited to the white house. they will discuss how agencies are implementing the president obama's 21st century policing initiative to build community trust while fighting crime. >>> it is time now for ask finney. michael finney is here asking questions from twitter. and one was from linda m., what do you think about reverse mortgages and can you recommend a company. >> we don't recommend companies but they are very tricky. now the federal government demands before you can take out a reverse mortgage, you have to g

shery: oil prices sink again, but as the market tottering towards balance? vote days away, the financial vote --

sheri appleby adds a conflicted bachelor.g to create drama for ratings. >> this morning, he is in the icu. he is okay. i just need you to stay for elimination ceremony. >> the elimination ceremony? my dad could be dying. >> there is this clause in your contract. >> and her twin is even more ruthless. >> chantal, our sad sack of a dead fiancee. and close up on rachel. that's her name. >> how much of a reality tv fan were you before you started watching "unreal"? >> not at all. i could only watch one episode there was a hot air balloon. there was like a weird tantric sex thing. they did everything we did on our show. how is this happening? >> what can we expect on season two? >> it's so much wilder, crazier, it's so much bigger. it's blowing my mind shooting. it can't believe i'm standing and it's only week three, if that is any indication for what is in store for the audience, the actresses are about to follow. >> to get more specific, expect more sexy scenes. >> we're going to spice i up. rachel is getting everyone. rachel ha

i am shery ahn and this is bloomberg. jonathan: coming up on the program, defeating the odds.he s&p 500 is on pace to round out the first half of 2016 in the green. we look ahead to the second half with bob doll. that is next on "go." this is bloomberg. ♪ ♪ david: it looks like u.s. stocks may eat out slight gains for the first of the year -- eek out slight gains for the first of the year. welcome back to the program, bob . let's start with the first half. let's look what happened that surprise you and look forward to the second half. what surprised you? the we cannot forget to january a low repeated in february on the back of china and oil prices and concerns about the session and we got the nice rebound and just as we were heading for new highs in the u.s., brexit smacks us in the face and we go down and now we come back up. it is hard to believe with all of that, u.s. equities are up. does the --s have a having disappointed in the first quarter, they will not be great in the second quarter. alix: you take a look at technical levels, we have butted up against the 2100. it se

we think they're coming from sheri so why don't you tell us face-to-face and then we'll -- >> some of people who are criticizing whether he is acting of his own free will were those who defended his capacity -- >> not that long ago, right, when there was a lawsuit. >> four or five months ago. >> it's clear they're just defending their own self interest and not the shareholders' interest. even in some profiles in "vanity fair" and other obligations over the past few months, they've been defending redstone's competence when it was in their interest. now they flip. but to use shareholder values this way, surely the perfect metaphor is this outgoing board is the board that champions teenage mutant ninja turtles. the new folks coming in are fantastic. they tower over this old board. the worst thing you could say about these five people coming on board is i have been proposing their names to companies to bring on -- >> pa wha if they disagree with sumner redstone? are they going to be able to stand up to them. >> i think every one of these people can take an independent position -- >> i dou

thank you, sheri, appreciate it. >> you're welcome. >>> when we come back, more on donald trump's attacks tonight on the judge presiding over the lawsuits against trump university. why is he going after the judge now? good, clean salad, every ingredient is the main ingredient. the new green goddess cobb with avocado, bacon, freshly made dressing, tomato... and chicken. at panera. food as it should be. ...one of many pieces in my i havlife.hma... so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asth

. >> sheri, thank you very much for joining me and i know you will continue to be an outspoken voicehe military, but for the community in general. thank you very much. that's going to wrap up this hour. i'm thomas roberts. thank you for your time. my colleague, kate snow, picks things up next. and a programming note, be sure to watch "all in" tonight at 8:00 p.m. eastern, my colleague, chris haste, interviewing senator bernie sanders. >>> afternoon, everyone. i'm kate snow. today is the last day of june and it has been a rough month for the republicans' presumptive nominee. he's lagging behind hillary clinton in the polls, in fund-raising, in advertisements, and in battleground state visits, but as our political director wrote today, there are plenty of ways he could turn things around in july. trump's vice president pick should come in the next few weeks. he's got the convention to make his appeal to swing voters, along with a fund-raising report that could flip the script. and finally, he has a chance to turn the political focus back on to hillary clinton. that's what he's likely t