the bestsn't short-term solution, is there a better short-term solution? guest: that best short-term solution is getting through this trade negotiation and getting the better trade policies as quickly as possible. i will be meeting with the president this afternoon. the president is open to across -- listening to what is going on and the ag states. that a solution right now is to move as quickly as possible to fair and free trade agreements. that is the right thing long-term and the right thing short-term. host: coming up on september 30 is the deadline for the renewal of the farm bill. is congress going to meet that deadline? guest: we should. i can never predict with this place can do, but all signs point to the fact we will get a farm bill passed in september on the president's desk before the september 30 expiration of the existing bill. host: what are your priorities going in a conference? the senate has yet to vote on going to conference. guest: we plan to get that done if not this week the next week. me, my free arteries are protecting safety net pr

in this short occurs to me if i don't get the short, but i get the short.n side is, deal price. that's $45 if the deal breaks, costs blackstone a couple hundred million to walk away they may say -- >> kkr. >> sorry the other thing about these companies which i don't like is, if you go into an emergency room chances are it's outsourced completely to team health or invision guess what anybody walks into an emergency room, go the to treat them bad debt expense, 14%. any company runs a bad debt expense like that is in trouble. >> you would hate a roll-up in any sector, right? >> no, not necessarily, josh what i want to see is the business itself. right? and there are roll-ups that are basically, they give scale in businesses where you can actually cut the overhead, right? and just add the operating profits to the business. there are others where the rollouts are done for accounting reasons, and ppm industry, they're done for accounting reasons, done specifically so that you can actually capitalize the up front salaries and then make the business look more profi

commercial shoots with a home investigated for short termnt complaints. and unwitting tourists who say they unknowingly booked air bnb's in prohibited areas. >> aap cred on body camera videos, recorded over the past two years. some are so blatant, these house rules show what to do if someone they're told to lie by saying they're a friend. and certainly don mention that you rent this place. >> you're not allowed to rent this place for less than six months and one day. >> this party needs to clear up. >> miami beach, one of the country's most popular resort destinations is also a popular city for short term rental. also one of the most aggressive in the coury for going after illegal rentals, with stiff fines. only cer oin sectionsthe city like south beach permit rentals less than six months and one day. large ptions of the residential sections of the city are not permitted. >> you would say, when you hear that story. >> the issue is clear cut. >> that may work in some places, they don't work here. at the end othe day, it's not the mom-and-pops we're seeing

i would agree with the shorts in the near term.ear-term push after this push down to 2.85 make sense. the longer term, the fixed income markets are more concerned about down side risks. equity markets can continue to do well through a trade war. however, fixed income markets need to be concerned about the downside. that is why you see treasuries move lower, corporate bond spreads move higher. it is a logical move given the asymmetric payoff in fixed income versus equities. near-term is slightly higher in yields but not a prolonged move higher. lisa: matt, when did we see the next recession? matt: today looks like 2020 odds are moving up above 25% but you can't say it is the majority outcome. we think it's beyond that but the odds have doubled of a 2020 pullback given the fiscal stimulus rolloff as you get through 2019. lisa: what about you, joe, what do you think? joe: we think it is likely h1 2020. lisa: do you agree? oksana: late 2019, early 2020. it is really hard to assume the yield curve is signaling much of anything given the

i think 30% of the float is short in this thing.o if this thing does drop, call it 80 bucks from here, right, down to call it 270-ish or something like that. you are going to see some people covering those shorts for sure in fact, actually when the stock was trading around that level it was about 22% shorted. so we have some sense of who has shorted it since and who would be buying it if you made a move back down to those levels. >> sort of put this year's low is 250, right? happened in april. just to put that level in perspective, eight years ago it comes out and it's dormant, nobody cares then it was march of 2013, it was 25 bucks and march of 2014 it was 250 it went up ten fold in that one-year period. and hit 250 in 2014 and essentially that's where we are now. we hit a low this year of 250, meaning all the action was an aggressive repricing of an asset and that's the fascinating nature of markets. they were ahead of all this. the question is this door manrm was it priced in, 350, 220, that's my hunch, we're just stuck. if the s

the big short. this as comes up to report earnings phil low bow here is report on that. >> the earning report will get plenty of attention. and there is one primary question on the mind of investors. what will tesla say about potentially raising capital? now in terms of the earnings themselves for the second quarter tesla is expectsed to report a loss of $2.81 on revenue of just under $4 billion. the imimplied move in the options market is 7.5% either way. three things get plenty of attention on the conference call what do they say about raising capital? we no he elon musk said the company doesn't need to do it. but keep in mind they had cash burn and liquidity rirns into the had second quarter and they did a lot of expansion for the model three. speaking of the model three where does it stand in terms of production and reservations? there are plenty of skeptics out there in tesla and there is one talking about that in his skepticism in th last couple of days it is noted short seller steve iceman. h

joe, who is right here, the lawns or the shorts? believe 2.85 percent on a 10-year is not a bad entry point. the longs are more correct. we heard the fed for the first days, that they are seeing districts slowing capex. we really need that to increase productivity and extend the cycle. the fact that certain fed governors are talking about it tells me that the fed will be somewhat reactive, should this go further. at the supply of and demand dynamics of the market. we are on track to produce $2 trillion of fixed income in the u.s., which is 400 billion above the 1.6 average over the last five years. most of that extra issuance is coming from treasuries given the deficit we have. the fed is on track, given the current guidance -- perhaps they reduce theirto demand for the market by 200 billion through the second half of the year, as our largest sovereign buyers are buying less, banks holding less because they are less regulated, etc. the supply demand dynamic is what is going to continue pushing yields higher and much less so how many

shares falling 3% today as the famed short seller revealed he was short shares of the electric auto maker you remember him from the big short. tesla gears up to report earnings phil lebeau has more on the story. phil >> tesla earnings report next week gets plenty of attention, and, really, there's a primary question on the mind of investors, what will tesla say about potentially raising capital? in terms of the earnings themselves for the second quarter, they are expected to report a loss of $2.81 on revenue of $4 billion. by the way, the implied move in the options market is 7.5% either way three things will get attention on the conference call what do they say about raising capital? we know that elon musk said the company doesn't need to do it, but keep in mind, they have cash burn and liquidity concerns heading into the second quarter, and they did a lot of investing into the production expansion for the model 3 and speaking of the model 3, where do things stand in terms of both production as well as reservations there's plenty of skeptics out there when it comes to tesla, and there's

last week saying tesla heading for a crash. >> the stock whats a big short interest that short interestreate a possible level of downside support. you can spend $21 to buy one august 330 put and buy two against it at $10.50 each. >> he was right. >> right now i'm staying with it because we sold two puts, nothing to that spread we need time to work with it here if the stock finishes below that 330 level it will be a profitable trade as long as it stays above 265. we are in the sweet spot, we need time to pass to see the value of those two 295 puts continue to erode. >> when you look at the technicals, it feels like it is going to hold the level and sit around wait for time to work for you, i like that. eventually it will payoff and the options when you sit around the short stripe i think you have to let it work a little bit here and decide before earnings whether you want to continue on with it or not. >> last week,s dan said morgan stanley gearing up for more pain ahead. >> if you look at the one year chart, the 52-week low and finding support. you can buy the july 48, 44 put spread pay

the bad got more exciting stories about bob in shorts now in the extra segment of our. part exports special. in the summer of twenty seventeen became the temporary home of robin schultz he was booked as the resident d.j. at. one of the many clubs on the policy island once a week he would get guests at the famous open and venue losing. ground lending a residency here is super hard normally only people who've been in the game for a while get them. those who are really top level. and it helps you get more bookings and your fees change too if you've done a residency on it you've made it to this day the d.j. still plays regularly on a b. south. boston a park in lower saxony this is robin shows his hometown he lifted to this very day and doesn't plan to move. because when i'm in the car on the way to also brooklyn i always get so happy it's where i can unwind in twenty fourteen was in a box mad. at the d.j. service not to lose the nice thing is that i like also broke and also broke likes me it was really special to have my name added to the city's golden book. it was a huge o

that's a way to capture 4% upside in a relatively short period of time and essentially be insulated to some degree over 5% downsize move if that's the way the stock goes. >> this is why i love option trading. i don't particularly love american express, somewhere in the middle of the road here is a bet mike is making where he's selling options, selling downside put also upside call, not outlaying a lot of capital here all you need is a little bit of appreciation to the upside and, boom, you know the trade pays off. here is a stock outperforming financials in a sector not doing well and a bet that limits the capital outlay and you can still play the upside a little bit so i like the trade in that sense. >> the critical thing here, also, i wouldn't necessarily compare them with all the rest of the financial space i don't think you would either. >> no, it'sown thing capital one, discover. but american express is different than those two companies. is it risk-free? francs crisis low, but i think in this current environment it's holding up well for reasons that are important, especially give

he touched on short-term medical plans and said short-term medical plans have to be less than three months in duration. they have too have an end period and it has to be less than three months. that tracks with the old obama era rule. the law also says a couple of very important things including the policy may not the extended or renewed. medical underwriting is still allowed. the carrier must apply the same underwriting standards for everybody so what does that mean? that means that you can't use mechanisms to try to take your short-term policy and extended out past the three months. i can tell you that we have had -- from carriers who ask how they might feel us to do things like that. using one application on a given day to issue a short-term policy that goes three months and having that same application to issue a second policy. even if circumstances and health conditions have changed. that's not the same medical underwriting. my questions to them are, are you resetting deductables and the answer is well, yeah i think so most of the time but we would like the variability to not have to

short-term profit. i think the most interesting thing for kind of this audience and your show and what i grew up with in the mid 2000's on web 2.0 and social media is, is there room for a musically or snapchat? where is this next social network? and are people scared to do it because they're scared to be a feature and instagram and facebook, twitter, will copy in and -- it and slow its growth like we saw with snapchat? i'm most fascinated. will there another social network on mobile devices? my assumption is yes, but how. and more importantly, my investment strategy is massively being affected by one core thing. i believe voice devices are the next iphone and the apps built on top of the google home, amazon, alexa, and apple pod are going to be the place where i come out of retirement and do early stage investing the way did i with twitter, facebook and tumblr. emily: our conversation with gary vaynerchuk. coming up, we wait on one last big tech company to report results. will apple overshadow the trend

pass, well 387 did touched on short-term medical said short-term medical plans have to be less than three months in duration. ,hey have to have an end period it has to be less than three months. that tracks with the old obama era rule. there were a couple of very important things, including that technology might not be -- the policy might not be extended or renewed. medical underwriting is still musted, but the carrier apply the same underwriting standards for everybody. so what does that mean? that means you can't use mechanisms to try to take your short-term policy and extend it out past the three months. i can tell you that we have had calls from carriers who have asked about how they might be able to do things like that using one application on a given day to issue a short-term policy. it goes he months, and having that name amplification that was used back here to issue a second policy. even if circumstances and health conditions have changed, that is not the same medical underwriting. my questions to them are, are you resetting deductibles? so,answer is well, i think most of the tim

i want to be clear, it's not a big short. it's a little short. it's a company short.ompany short and it's not facebook. i own facebook and i own amazon. what did you do yesterday when zuckerberg was losing a little bit? how miserable were you yesterday? i was in that miserable. this happens. you own a stock like facebook you have to expect every now and again you're going to lose money. it's not the end of the world. the short is a company called zillow. the real estate company. the big best scenes in the last couple of years have been internet platforms but not all platforms are created equal. this is a company whose structure has deeply upset most of their retail brokerage industry and those people are looking for alternatives. the company's business has slowed dramatically over the last year. as a result, they've entered a new business which is going out investing their own money to buy houses and it's an. i think that is a terrible business. it's a cyclical business, it's a low-margin business. the irony is when they announced it months ago they said what was capi

a 15% short interest which is what dom might be eluding to and what might be propelling it this far.ouldn't want to bet it's going any further. >> to carter's point, do something right here, right? the stock has had such a huge run is the answer. i actually like the stock a lot. the quant model rankings, it's relatively cheap. >> cheap in. >> it's not cheap but relative to some of the others. i would say be long the stock but buy a put trade. the stock has had such a big move here. mike makes the point about the values being so high put spread is cheap. >> model and that model is robust just since i don't know. by comparison what is a netflix or amazon. they get a higher ranking? >> when you talk about some of those names, too, you have to be a little bit worried that the growth will continue with some of those names obviously wwe has had such a huge run up you worry a little bit with those some of these get out of whack once you reach the lofty levels. to that point, i love buying the put point as a hedger. there are questions whether the stock can continue to move decent growth and

it is on our short-term agenda. our short-term agenda we publish is what we are trying to finish in this fiscal year. >> we recognize getting the fiduciary rulemaking right is more important than rushing the process. but many broker-dealers in anticipation of the rule have invested time and energy into getting ready for that. i am curious about a timetable because the uncertainty is creating some level of consternation. >> the comment period nds in august. i'm not going to set a specific date. we should not take forever. >> the time of the gentleman has expired. the chair recognizes the gentleman from georgia. >> thank you. >> i am taking the time back from the gentleman from georgia. >> thank you, sir, i appreciate that. you know, i have been at the front of the spear on this fiduciary rule. when we put dodd-frank together we require the sec to come out with a rule that would raise the broker-dealer standard and would harmonize that standard with the obligations that investment advisors have two followed today. her

distances.distances. very short temperatures in very short distances. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. ( robin ) ( robin )new this morning... one person is dead and 2 others are left injured after two separate shootings in the east bay. the first shooting happened last night around 10-40 p-m on the 79-hundred block of ney avenue. these are pictures from the scene. police say 2 people were shot... but no further details were released. the second shooting happened early this morning around 1-30. that happened on the 11-hundred block of 65th avenue. one person was killed. no word on if any arrest were made in either of those shootings. ( robin )this morning loved ones of a slain 38-year-old mother of 4... are speaking out. kishana harley was brutally murdered just 6 days ago in her richmond apartment last thuray. police found her lying on the floor with traumatic injuries... after co-workers and friend

the most important thing to focus on is the world is short.hinese wake up every morning wondering where they are going to get the next copper from. conservatively run balance sheet. we are in a great position to be successful in the short and long-term. annmarie: thank you so much for joining me. matt: great job, there, bloomberg's annmarie hordern. let's go to another big interview. sharegiving investors the buyback they have been waiting for. even as profits fell short of expectations. energy producer is starting a share repurchase program. that process was more than a lien dollars short of expectations. joining us now is the ceo of shell. walk us through your take on the earnings. it looks like the market was disappointed. >> good morning. point $7 billion -- $4.7 billion, i consider a solid result. gas,u look at integrated up compared to this time last a part of the business that is more than 30% down is attributed to a difficult mining environment. you talk about rising oil prices and that we expected more from the upstream business. you

yes and it documented the shortage of short right so here's like it's a documentary practically of how bunch of bankers got together and rob americans blind for billions of dollars now people know me i cover finance right they come up to me the question asked me every single time someone comes up to me goes hey master you saw the movie the big short write the mist is this true. like with a conspiratorial is it is it true yes true you're being robbed blind every day what you can do about it well nevertheless data shows that public pension funds are going even more and more into it i would do have to say the hedge funds and the private equity these alternative investments did do better only during one period which was the financial crisis two thousand and eight two thousand and nine because they have more shorts they can do the big shorts rather than the index fund so they do do better and a very little good that's better in that they lost money at all less accelerated rate than the overall market for a short period of time doing better best just being drowning slower so the gap the six

economy you are partially short.'s been a big driver of spend for the last several years. the u.s. economy is more neutral toil prices than 10 to 15 years ago. there is no reason to read long oil -- no reason to be short oil to hedge a downdraft in business conditions in texas. it's more academic. back to the point you asked before, the biggest concern we've seen, the boom bust nature . we've been under investing for the last several years. without iran production taken off the table. of a price shock to the upside could constrain consumer spending which is the opposite of what people feared two years ago which is amazing when you think about how much oil is flung around. alix: great to see you. exclusive conversation with gratz.l nova this is bloomberg. >> there was a surge of companies listed in canada and they all treated poorly. regulators got nervous and set let's make sure we know what we are seeing here. emma: this is bloomberg daybreak. coming up in the next hour on bloomberg markets, mohamed el-erian. this i

short-term plans who regulates them? the states. they have to decide what they want to do. and there are other areas like medicaid expansion.th now overall what they are looking at so they say how can i make this work better for the unsubsidized population? what can we do to stabilize thatt reinsurance. the healthier wealthier. it is too expensive. a family of four cannot afford that that is where state look at this how can i use waivers or other methods or give coverage that is where the states areng headed. i just a point ofth clarification they may not know the difference between the association health plan. >> all association health plan are multiple employer healthcare arrangements. they all involve multiple employers but not all multiple have health plans or other types of entities and then make it very clear everything they talk about in the final rule everything that is created are welfare so the states regulate. >> thank you very much for the invitation to join you today. >> what you can see from the first graph missed 200,000 people in the state of washington a re

only when you book with expedia. ♪ >>> that's the sound of the shorts getting crushed why?elivered per pepsico. it's funny sometimes i think they should rename the company frito-lay in the same way i thought facebook should rename instagram because this is really the big driver of their earnings you know, only 25% comes from north american beverage. maybe they ought to be thinking bigger picture and how well this part of the company is doing and how well indra nooyi when some of the bigger money managers gave up on her real bad call. like i always say, there is always a bull market somewhere i ploromise to try to find it right here on madonna. i'm jim cramer, and i'll see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is tony devine, and i'm from bristol, pennsylvania. my product is going to revolutionize the way we train for basketball. finish! finish! oh, let's go. use that left hand! i've b

without any emotion oh yeah he's just got short arms and i like a child would have asked possibly i said and aren't a calling anymore and shit this card this would be like it is now. and then i felt like i was beaten to death. a doctor gave the first time mother some friendly advice just get another child. like forget about him you know. i'm a way to get out shortly afterwards linda's husband arrived and gave her some bad news he'd been keeping from her six weeks earlier his sister had given birth to a baby with similar deformities it looks alike like our child there must be something that is. the same all region the same difficulty the same problem in the background and we'll find it and we'll search and we won't stop until we fall out. of the land. the epidemic of deformed babies began five and a half years earlier on christmas day nine hundred fifty six with the birth of the first victim. in a small town of germany a mother had taken a new drug called for little mite being developed by a local drug company can be grown into her husband like other grown in tallinn ploys had taken home

you cannot short it, and you cannot go along at the same time.hard: i think it puts people in every difficult situation. furthermore, when you look at the biggest factor is the iranian losses, so much here depends on what the white house does. exactly how hard is the u.s. push? we have had strong signals, we went down to zero by november, that is what u.s. officials are telling asian buyers, but now we have had a few comments that people are interpreting as a slightly soft line. we don't think there is a change, but for anyone who is trying to take a position in anticipation of that tightness at the end of the year and into 2019, that leaves them nervous about any position. alix: rob, you are the investor, what do you do with this? do you buy equities? what equities can you buy on that backdrop? rob: if you look at oil producers, we still think that you want the lowest cost producers and the lowest cost base. if you look at companies like occidental petroleum, a large producer, produces all around the world, but is increasing its investment in th

very short flight from sta nsted well. very short flight from stansted airport well.central london, and the president will be with you pretty shortly. and of course, stepping onto uk soilfor the first time as president of the united states. don't forget, he has entered into the whole brexit debate. he was here the day after the referendum. i was with him up in ayrshire in scotland at his turnberry golf course, the day after the referendum results, and we stood there in his son —— in the summer that day, and he welcomed the referendum result. we know he is keen on brexit and we saw him align himself this morning with a heart brexit position, effectively saying, brexit position, effectively saying, brexit is brexit. and that is what the people voted for. and that is just the time when theresa may the prime minister is trying to negotiate a difficult deal between the different parts of our party and the different parts of our party and the un terms of getting a deal. so she will be hoping that he effectively stays out of that argument while he is on uk soil, but she will

what do you make of the short-term weakness versus longer-term strength?ichard: i think there are a few factors here. saudi arabia has started having -- adding production in anticipation of the losses from iran. also in the last couple of days, we've had a big announcement of a recovery in libyan production. i think that has sent some really nervous shudders through the market. even though looking ahead, the -- evenite bullish, though looking ahead, the outlook is quite bullish, people are worried that it is not right now, that there is too much oil, particularly in the european market. alix: if you are an investor, how do you deal with that? do you go short or long? richard: it puts people in a really difficult situation. furthermore, when you look at the biggest factor is the iranian losses, so much here depends on what the white house do? how hard does the u.s. push? we have had strong signals, but now we have had a few comments that people are interpreting as a slightly soft line. we don't think there is a change, but for anyone who is trying to take a

temperatures will be felt primarily in the 60's and 70's making for a wide range of temperatures in very short distances. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. golden gat bridge drive time less than 30 min from 37 to the toll plaza. richmond bridge drive less than 20 min from the toll to 101 ( darya ) a big story we are following this morning... one person in the south bay is waking up 522 million dollars richer.( james ) just one winning ticket was sold in last night's mega millions drawing and it was sold in san jose. kron 4's will tran is live at the store where that winning ticket was sold. will. ( will ) in the south bay... someone is waking up 522-million dollars richer. a single ticket -- bought in san jose at ernie's liquors -- matched all six numbers in the mega millions jackpot. this is the 5th largest mega millions jackpot in history. the biggest-ever jackpot -- 656 million dollars-- was won in march 2012. it was shared by winners in illinois, kansas and maryland.