will it be a slamdunk? -- takes the brand to the nba finals. will it be a slamdunk? scarlet: 2:00 p.m. in new york. mark: i'm mark crumpton, here with scarlet fu. scarlet: the bond selloff has stalled. it is equities turned to fall. the s&p 500, dow and nasdaq down by about 1%. the dow losing 186 points. bonds initially extended their loss but have since stabilized. a higher price and lower yield. they're getting a bit of a bit here as the greek debt talks continue. beforemore of that friday. the euro is stronger but off its high of 11380. the dollar is hyper's the yen. that's high versus the end. little changed at this point at 95.49. the international monetary fund on the u.s. federal reserve to hold off from raising interest rates until the first half of 2016. the imf also said its forecast for the second time in four months. the lenders have the dollar was "moderately overvalued." it would be harmful if it gets much stronger. legarde: in weighing the risks, we think there is a case for waiting to raise rates until there are more tangible signs of wage or price in

will it be a slamdunk? -- takes the brand to the nba finals. will it be a slamdunk?2:00 p.m. in new york. mark: i'm mark crumpton, here with scarlet fu. scarlet: the bond selloff has stalled. it is equities turned to fall. the s&p 500, dow and nasdaq down by about

what are the paul of -- what about the politics of this seems to be a slamdunk for tearing this flag down? al: i can't imagine she would have any other position. i would be shocked if there was a reason. mark: rather than putting out a full throated statement, she gave a speech at the mayor's conference, didn't talk about it. al: whatever problems in 2007 and 2008 was how slow she was. she should have been much tougher much sooner. john: do you think that because of the way this looked a show of unity. mark asked the question before -- mike huckabee, for instance. there is an that there is a confederate flag there as well. are there any candidates where this will continue to be an acute problem? al: i think huckabee will be one. i don't know it will be a problem for him. you can't imagine they would not at this stage. it doesn't solve the problem elsewhere. the flag itself is a relic of hate of the past. what we have to acknowledge is there is a strain of racism. as long as that is there the problem isn't going to totally disappear. mark: have seen a range of candidates applauding st

i remember a celebrated moment was when director tenet had announced to the president this was a slamdunk. yes, of course they had mass distraction weapons. i don't believe anybody was intentionally misleading anybody. what i said was our intelligence was not up to snuff as we had -- because we had hollowed out our capacity as part of the peace dividend. the fact that we did not have the best information is sad, and it lead to tragic consequences in a number of cases, i am sure. but, what we did learn the lesson, and the lesson was revealed our intelligence community, which is what we are trying to do. but it will never work if we politicize for partisan gain or some other agenda the facts and try and tell only a part of the narrative rather than the whole narrative. and that is my beef with the senate study. ms. eisenberg: when we talk of the politicization of information, it is certainly well known and understood by this time that vice president cheney, not once, not twice in -- not five times, not seven times, went to the cia headquarters and pressured them to come up with a certain re

that president that this was a slamdunk. of course they had weapons of mass distraction. don't believe anyone was intentionally misleading anybody. what i said was our intelligence was not up to snuff because we had hollowed out our capacity as part of the peace dividend. the fact that we did not have the best information is sad and lead to tragic consequences in a number of cases am sure but we did learn the lesson and the lesson was rebuild our intelligence community which is what we're trying to do. but it will never work if we politicize for partisan gain or some other agenda the facts and try and tell only part of the narrative rather than the whole narrative. that is my beef with us in a study. >> all right. i almost want to laugh when we talk about the politicization of information. it is certainly well known and understood by this time that vp cheney at once not twice at five times, not five times, not seven times went to the cia headquarters and pressured them to come up with a certain a certain result. if that is not politicization of intelligence i don't know w

proposals for creation of a system of universal military training, thought to be a slamdunk during the war, were eventually rejected and replaced by a limited selective service system that provided military service to an estimated 7 million americans prior to the drafts's termination in 1973. for most of its 25 years of existence, the draft was generally accepted, in part because educational and other exemptions made avoidance of induction relatively easy. but the demands of the vietnam war led to widespread opposition to compelling military service. along with president nixon's desire to tamp down antiwar protests, a presidential commitment concluded that demographics -- that is the enormous number of young men from the baby boom, costs and moral and ethical concerns demanded another approach. that led to the all volunteer force. a mechanism by which the nation for the past 40 years has staffed its armed forces. in many ways, given the evolving nature of modern warfare, the avf has proved to be an effective instrument for enhancing those serving in the armed forces and retaining perso

i remember a celebrated moment was when director tenet had announced to the president this was a slamdunk. yes, of course they had mass distraction weapons. i don't believe anybody was intentionally misleading anybody. what i said was our intelligence was not up to snuff as we had -- because we had hollowed out our capacity as part of the peace dividend. the fact that we did not have the best information is sad, and it lead to tragic consequences in a number of cases, i am sure. but, what we did learn the lesson, and the lesson was revealed our intelligence community, which is what we are trying to do. but it will never work if we politicize for partisan gain or some other agenda the facts and try and tell only a part of the narrative rather than the whole narrative. and that is my beef with the senate study. ms. eisenberg: when we talk of the politicization of information, it is certainly well known and understood by this time that vice president cheney, not once, not twice in -- not five times, not seven times, went to the cia headquarters and pressured them to come up with a certain re

but that baseline case, i do not think is a slamdunk. brendan: this is what i love about tom.ld start with 58th street. your new yorker view of the world, that is where it ends. you do not even know it gets to new jersey. tom: over 2nd avenue maybe. brendan: staying with china. the party has said they can maintain output for scale by focusing on massive's researcher projects. like the new silk road. do they have to go through a 1970's u.s. style deindustrialization? neil: i think they are. you are seeing it. their currency, it is no longer considered under valued by the imf. that is an important signal that is going to help overtime boost consumer spending. a stronger currency and at the same time the industrialize the economy. remember, china is growing more slowly but it is a much larger entity. in terms of its contribution to global gdp, it is really not as bad is it's being made out. tom: i still say janet yellen central bank or to the world. vonnie: a little light relief. hopefully. number three, san diego, -- s antiago, chile is shut down due to a smog emergency. 7 milli

stephanie: nike really was a slamdunk in the last 24 hours.das walked away from the deal with the nba and they could not make any money. why does it seem that nike can? the shell: nike has an amazing track record. they have sponsorships of the best games and players. it is a competitive edge for nike. stephanie: don't you think that nike has a big opportunity with women right now? just last week, we saw them absolutely crush it. is nike say, how did these guys come out of nowhere? erik: i would not say nowhere. stephanie: not nowhere. but think about how long nike has existed and now lemon is every woman's -- erik: yes. michelle: nike has a lot of passion and conviction for the women and women athlete. you are seeing new commercials, new designs, new sponsorships. i think nike will make some moves in this business. erik: as the director, are you worried about nike's exposure in the fifa scandal? michelle: first of all, it is a privilege to be part of the company. they made it clear that they oppose any forms of bribery or regulation and they a

i don't want to leave the impression that implementation of the clean power plan is a slamdunk. it is not. it's going to be challenging. we understand this. we are going to be working very hard at the state and local level to try and make it work. we think the two documents, the two tools are described will help accelerate effective implementation of that. we have already been working really hard laying the groundwork for clients. we have been meeting with stakeholders, they have been meeting with intrastate governmental entities so they can understand fully what is expected. those discussions have been very worthwhile, even within states who are suing epa, they are having very good discussions. i should say word about epa's involvement. they have been really, really great listeners. they have met with the states almost anywhere, anytime. they have sought our input. we are hopeful they're going to carry out that leadership and incorporate many of the concerns and the legitimate issues of states around the country have been offering. we are confident that they will. finally, i ne

one program that worked in my view well took time to get it going but at the end of the day with a slamdunk success. 3.3 million people, mostly in hard-pressed areas. nevada to florida, arizona california. they were underwater. by the way i live in philadelphia. i don't feel like i have a whole lot of equities. i wish i had a home in las vegas right now. much less so than there used to be. i think the heart program work exceptionally well. the third thing i said about losing fiscal policy of course you have to have a prolonged attenuated economic problem like the great recession to give you time and a more typical economic downturn that doesn't work well. >> fiscal policy in general does have regional components built-in automatically. it was having some effect because of his treatment under water, but the key thing is unemployment benefit extension in food stamps and all of those things set to act when people are out of a job. those are automatically set a so fiscal policy is dealt in. there's different ways we could cut a check to people in las vegas. some of that bailing out under water,

i don't think it is a slamdunk that whatever transpacific partnership gets agreed to look at the samee. i think there are probably some of those 13 democrats will say i'm reserving the right to vote to know later on. host: we will talk to john next in maryland, a republican. caller: good morning. host: morning. caller: i would like to ask your guest two quick questions. number one, does he have a number on the trade deficit we have to with all caps on countries? -- all combined countries? and with all this talk going on, will that it in any way bring this to a level playing field and will we ever reach a level playing field? thank you. guest: well, that is the goal. no i don't. i'm sorry. if i had my magic machine here, i could probably go to the ustr and get the trade deficit, but no, i don't. i know we have a trade deficit and i know some are saying this will shake the deficit over time. -- will shrink the deficit over time. host: the deficit decreased from 50.6 billion in march to 48.9 billion in april. there is some general numbers. carol in -- a democrat. caller: i just wanted to