i think the axel springer said on the call six times forward revenue.here's no question this is right now based on current multiples a high multiple. on the other hand, if you believe in digitals future, you are going to have to pay a little forward if you want to take control of the company that is doing very well, and if we were a public company, you would expect to see a premium over where the stock was trading. we actually think it was a fair price and i will say on our board, there's a vigorous debate about whether we should think about it now because we really do. we're very confident in the future. >> you'll still come back, right? >> are you kidding? i love this. it's part of my reach. >> congratulations. >> thank you. >> henry blogitt, business insider. >> tim cook calls big screen attempts to immortalize his predecessor as opportunistic. oscar winner aaron so rkin disagrees. first, rick santelli, what are you watching? >> i'm watching the markets. i'm watching ten-year notes get ever closer to that comp from the 25th of august where we settled

but axel springer thinks it will breakeven in 2018.ing that "business insider" is overburdened with expansion costs because now it is launching all these different editions in countries other than the u.s., and it is launching companion sites on tech and general news. so the idea that axel springer is going to start making money after the expansion is done -- withleonid bershidsky "bloomberg view" on digital acquisitions. there is a lot of free money out there to make things go. david: that is what today's central banking is all about. free money. it has not done much to create consumer inflation. tom: bill gross talks about a great distortion lasting 10 years. does it go on and on? goid: i am not sure it will on and on in the states, but it has gone global. tom: david rosenberg, thank you so much. a terrific optimistic perspective on the future of the american economy. coming up, we look at the digital economics of america. this is "bloomberg surveillance." ♪ . tom: it is a great distortion continues as the real yield is unreal. in th

>> dan springer from seattle, thank you. >>> a fox alert. dollars probably meant for isis will not reach its final destination. customs officials in south africa stopping five men at johannesburg's airport. paul is live in johannesburg with more. >> reporter: jenna, a senior police investigating officer in the eleelt investigative team that's been working on this case has told fox news it is very likely the money, some $6 million in value, was going to isis and that this could be an inside job involving airport workers in both johannesburg airport and also in dubai. fox news has also learned that senior investigative officers have been in contact with their counterparts in dubai trying to go, as he told me, deep into just who the five men carrying the money were and who their contacts in the gulf were. the five all south african were walking down the ramp to the aircraft with 12 banks when approached by agents. cash in the bag, a total of 6 million u.s. dollars in value. officials told fox news the men were arrested when they saw custom offi

former jerry springer tough guy, former cop himself, steve wilkos, never politically connect. how he handles that. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. at&t's innovative solutions connect machines and people... to keep your internet of things what matters most.time.avinn we have quick international headlines for you. the eiffel tower is back open as police hunt down a man who caused a major security scare. police immediately evacuated the landmark when a man with a large backpack was spotted scaling the tower. a search of the area came up empty and police are still searching for the suspect. >>> two americans are coming home after being held hostage by reb

>> dan springer, thanks. >>> u.s. global stocks recovered partially today from tuesday's big selloff. the dow was up 293, the s&p 500 gained 35. the nasdaq finished ahead 114. next up in the grapevine, talk about a lucky guy. now he wants to spread his good fortune around. >>> now some fresh pickings from the political grapevine. talk is cheap unless you're talking with professionals. the department of homeland security ran up a bill of more than $20 million on conferences. in just 14 months. an inspector general's audit found dhs attended or hosted almost 2,000 conferences, averaging about four a day from october 2013 to december 2014. and that counts weekends and holidays. only 15% of the events costing over 20 grand each were reported to the i.g. all of them are supposed to be. one government watchdog wants the department to focus on priorities. "amid security lapses at dhs agencies like the tsa, the department should spend the money it already receives in a more cost effective way. every dollar spent in a wasteful

en la quinta entrada george springer, los astros se anotaron la victoria cinco a uno.bliquÉ en facebook que alguien me habÍa dicho de la llegada de madariaga para hacerse cargo de la liga salvadoreÑa de fÚtbol. el plan b es primitivo madariaga, y estarÍa siendo presentado esta semana. vamos a la poseyÓ regresamos con mÁs. no te olvides que los viernes son viernes de prepael pasado viernes estuvimos en el maryann johnson memorial field de la escuela san mateo donde los bearcats de san mateo high enfrentraron a los spartans de mountain viewy termino con victoria para los spartanosy tu puedes decirnos donde queires que estemosdinos que juego debemos asitir y alli estaremos y como hacer para que la escuela donde estudias o donde estudian sus hijos sea candidata para los viernes de prepa?facilsigame en twitter bajo wbonillatvy me dice el nombre de la escuela y la ciudad y ya reportero: en portugal se jugÓ el partido. en el terreno de juego el puerto se llevÓ la victoria con la Única nataciÓn en el minuto 86. los dragones sumaron tres puntos de oro ya que le han sacado cuatr

we begin with correspondent dan springer and the president literally taking a hike today. hi, dan. >> reporter: yeah, bret, president obama came to alaska with one eye on paris where in december he hopes to secure a binding international climate change agreement. but he may find the sledding tough. president obama toured a glacier today in alaska, a different kind of slippery slope, as his administration continues its push for climate change initiatives. last night he met with alaska natives and then addressed a conference of arctic nations. >> i've come here today as the leader of the world's largest economy and its second largest emitter to say that the united states recognizes our roleecogn creating this problem, and we embrace our responsibility to help solve it. and i believe we can solve it. >> reporter: scientists say the arctic has warmed twice as fast as the rest of the nation. this was one of the worst wildfire seasons on record in the last frontier state. 5 million acres burned, about the size of massachusetts. but while the obama administration blames man and t

there was an outpouring of support for valley fire evacuees yesterday at the springer tap room in santaent of all sales and 10 percent of tips and 100 percent of physical donations went to families. it turns out a lot of friends lost their homes and wanted it do something to help them out. >> just a few blocks away from springer another party for the same cause, organized by carlos perez, in total they raised $35,000. a program to help homeowners pay for water or energy efficient juan grades is expanding in the bay area just starting to take applications for alameda county and several other communities including burlingame and danville and el cerrito. the property owners can buy things like new heating and cooling systems or insulation and pay for it over time through the tax bill. homeowners have to spend $5,000 and continue it over 5-20 years and we have all of the communities and other details posted often abc7news.com. >> scientists say california's historic drought is stressing the giant sequoia trees which embryo do 300' or more and can live for 3,000 years. ecologists say that th

gets george springer to ground out. gray, five hits, four strikeouts, no earned runs.n, 4-0. >>> a full house at arthur ashe stadium tonight. treated to a festive williams sisters u.s. open quarterfinal match-up, as the serena calendar slam draws closer. serena and venus, squaring off for the 27th time of their careers in grand slam competition. fifth time at flushing meadows. first set, triple set point for serena. venus' return slams into the net. tables turn in the second. venus rolling to a commanding 5-1 lead. serena's backhand comes up short. and set two to big sis, 6-1. deciding set, serena back in control. double-match point, the ace for the win. her 33rd-straight grand slam victory. >>> on the pitch. usa/brazil, in a friendly from foxborough, mass. namar buries the footer. the certain defense can't handle the ball skill officials the barcelona star. usa loses, 4-1. >>> and steph curry's tour of asia has come to an end. concluding in shanghai. the mvp traveled 5,800 miles across the continent. promoting his new shoe, to thousands of chinese fans. the warriors b

henry blodget selling to axel springer.senthal, what did he make come of thousand $700 his first year f for$14,700 his first year henry. ith him, went to lunch he haas the oy meal they started this on a shoestring whatid henry blodgeto? michael: he took the idea of aggregating the news. find the stories on various platforms, rewritthem and put a catchy had line on them. tom: henry blodget a all of your investors, congratulations on a transactionhich has amended mode business journalism. right w, top headlines. david: a huge deal invoing one of theiggest names in th business. reynolds american is t selling the american spirit unit to japan tobacco group. . the pre, $5 billion the deal does not include u. operations. japan tobacco has been buyi overseas to offset a stagnating spoken right at home. investors tryingo right the ship afrring the selloff is boug back. 10% afterhares rose falling 29% yesterday. glencore is getting a vote of confidence from citigroup, a buy. citi says management should take the company private if it

the ceo of axel springer joining us now. a big push into a media market that you have not played in. why this move, why now? >> well, you see, axel springer implemented a radical transformation strategy in order to be a leading digital publisher. we achieved the goal in europe, we have the number one, we want to go beyond europe and the u.s. market is the biggest and most attractive media market in the world. there's tremendous opportunities, and clearly business insider is a first big step. we have made smaller investments in aussie and now this and mike.com, and we have acquired living media, but those were the first learning steps, business insider is a big step. >> you just missed out on the financial times at the last minute swooped up by another entity. that did not seem like it fit in with this. what was that part of the strategy, and did that lead you to this purchase? >> we were not interested in the financial times because it is not newspaper. we were interested, although it is a newspaper, it is a unique brand, it

this one controller springer, every person lost or injured by gun violence is one too many. condition this morning, right now he is still critical at you. very much. in the meantime funeral services will be held for a family that suicide inside the longbranch new jersey home. speak one a man shot his partner and two young children last wednesday before setting his house on fire and killing himself. the service for all four will be in longbranch. they have not released a motive for the shooting. >> ben: a new report the civilian report review board verified 21% of cases against officers, so far this year. as the highest rate since the board was created in 1993. it six percentage points higher from the same time period last year. the report complete that cell phone video helps backup complaints, overall complaints against officers have plummeted 22%. spee1 ben hasn't been to the port authority maybe it's time to go out there. >> ben: i will go when you go to staten island. >> juliet): i will go there. here's the deal, those who use the bus terminal in the town are noticing changes. >> b

. >> felt like i was watching jerry springer.inner last night was governor chris christie, and carly fiorina, former hewlett- packard ceo and long term winner was jeb bush. he needed to demonstrate to the republican party and republican establishment that despite george w. bush's record she the candidate to hold the republican party banner. >> brian? >> well, george w. bush -- >> that is part of the problem. no, jeb bush really needed to come out of the box last night, show the energy that people are looking for and he did that. he had very, very good debate. i think the losers, because donny talked about the winners, carly fiorina won -- [ talking at the same time ] >> talk about carly fiorina. i want to play something for you. i heard a debate coach call her performance masterful. let's listen to her as she talks about what would be her first day as president. >> i will make two phone calls. the first to israeli prime minister benjamin netanyahu to reassure him we will stand to him, next to the supreme leader, unless he opens e

right now, german springer will buy 8% of the insider, business insider, that deal valued at $43 millionnted by henry, well-known to cnbc viewers, a recent guest on this program, analyst in a prior life, but, andrew, we talk in the break, and the big winner is double click founder kevin ryan. >> yes. he's probably -- >> we all -- >> jeff besos has a stake in the business. >> they are hard working folks, always writing, congrats to them. >> by the way, we have springer on tomorrow to talk more about it. also in economic news today, san francisco's fed president says that even a little bit more economic data could convince him to support a rate hike, and next month's fomc meeting. yesterday, bill clinton said they did the right thing, he thinks, by holding rates steady. >> they didn'tment to take chance on slow growth in the united states, but having a bad impact on the rest of the world, and i have to make full disclosure, in addition to janet yellen, dan, and they were part of the my administration, so that's three of them i'm highly prejudice towards and i trust their judgment. they are

. >> dan springer doing that report for us. >>> invasion of privacy or does the city have the right toge through your crash? >> send us an e-mail@fox frie s e-mail@foxfriendsfirst@foxnews. com. tell us what your policies are. >> i don't know how i feel about that. it might be a violation. i don't want someone going through my crash. >> detained but dating. the gitmo prisoner who has a profile on match.com. >> men who put their arms around women are trying to show ownership. is this more hypocrisy? is we report, you decide. thankshow may i help you?s list. i heard i could call angie's list if i needed work done around my house at a fair price. you heard right, just tell us what you need done and we'll find a top rated provider to take care of it. so i could get a faulty light switch fixed? yup! or have a guy refinish my floors? absolutely! or send someone out to groom my pookie? pookie's what you call your? my dog. yes, we can do that. real help from real people. come see what the new angie's list can do for you. i'm angela, and i quit smoking with chantix. for ten long years i was read

. >> axle springer has a controlling stake in business insider. the operation will allow them to expand digital offerings in english speaking countries and the ceo of that firm will be live on squawk box us. >> ab inbev is seeking up to $70 billion to support the take over of sab miller. the world's largest brewer turned to at least 11 of the core relationship banks to request the debt will underwritten but we did see shares tumbling some 14% over the past three months. now let's talk about a debut a long time in the making. tesla has finally delivered it's second production vehicle. the model x electric cross over suv at a launch event in california. ceo elon musk estimating that 25,000 customers preordered the model x and it will take some maybe 8 to 12 months for those ordering now to get their hands on one. phil took a closer look at the newest edition to tesla's fleet. >> after a lot of anticipation, here it is. the model x. two things stand out. the first thing you'll hear a lot of talk about, the falcon wing doors for the second row. a lot

axle springer has a stake in business insider.peration will allow them to expand digital offerings in english speaking countries and the ceo will be live on squawk box u.s. at 13:15 cet. >> should be interesting. let's talk about m&a activity from the brewing side. ab inbev is seeking up to $70 billion in debt financing to support it's potential take over of sab miller. the world's largest brewer turned to its at least 11 of its core relationship banks request the debt so that should be underwritten in this deal. ab inbev's shares tumble over 14%. >> japan tobacco will pay $5 billion in cash for the natural american spirit tobacco business in the u.s. the deal is expected to close in early 2016 subject to regulatory approval but japan tobacco shares fell in asian trading today in reaction to the news. they're down some 7% at a six month low. why? many analysts believe this deal is too expensive. the price tag is 250 times. why are they overpaying so much? analysts from credit suisse says it makes sense. it gives them plenty of exp

. >> and the anchorman was jerry springer? >> yes, he was. he was our news caster. he was my news man. i got the age at 21 making $9,000 a year. >> you become an on air sports guy in cincinnati. >> all seven times the bulls won until tonight. >> then you quit. >> yeah. why did you quit? >> i had my midlife crisis at 26. i had saved $15,000. and my grand ambition in the world was to backpack around the world before i turned 30. i took my dream job and left it on the table. that was a big risk i took. it was china and vietnam. it was indonesia, new zealand, india nepal. >> then you show up at mother teresa's clinic. what did you do there? >> i spent two weeks there and observed what was going on at the mother house and the various clinics throughout calcutta. it's a complicated town. >> did you ever get to speak to mother teresa? >> i did. i don't remember the content of the conversation. >> she wasn't scolding you? >> i don't think so. not that time. what i did observe acutely is that the number of people who came from all over the world to get this close to that wom

department is clearing a big area around this particular grove of second company ya, setting up springersnd doing what they took protect these trees. >> have to save those. >> absolutely. >> thank you, sarah. a really disgusting situation in hungary. migrants being treated like animals. police holding people cages. >> vice-president joe biden gets emotional talking about the 2016 race for the white house. the news continues in a moment. hey, what's up? i'm ted. rudy and i have a lot of daily rituals. namaste. stay. taking care of our teeth is one of them. when i brush my teeth, he gets a milk-bone brushing chew. just another way to keep ourselves healthy. i'll go change. >>> a fox report now. many families escaping terror and war in the middle east have to live like animals in europe. that's the word from the wife of an austrian politician who released this video of a packed refugee camp in southern hungary. police there tossed sandwiches into the crowd. the white house plans to accept 10,000 syrian refugees in the next year. a jump from the 1500 the u.s. has welcomed since the war broke

i saw that "the jerry springer show" returned to the air this week and celebrated its 25th season. wow. that's a long time. in fact, it's been on so long guests were like, "you know what? i feel like y'all do know me." [ laughter ] [ applause ] "y'all do know me. at one point, y'all didn't know me. but at this point, y'all do know me." [ light laughter ] last night, we had a big hit here on nbc. did you see this thing? it was fantastic. >> steve: oh, fantastic. >> jimmy: the premiere of "blindspot." this is about a wo n who wakes up with a bunch of tattoos she can't remember getting. yeah. or, as that's also called, "how everyone gets a tattoo." [ laughter ] "i want heathcliff sitting in a a martini glass." [ light laughter ] "why?" "i don't know. and then a chinese proverb." [ laughter ] >> steve: what? >> jimmy: "you speak any -- i don't know if he speaks any --" that's right, the new drama series "blindspot" premiered last night. it opened on a scene where a a woman wakes up completely naked in times square. yeah. then someone handed her an elmo costume and said, "this is how we

axle springer bought a minority stake back in january, worth about $25 million.ead code says a possible transaction could close winning the next few weeks. we did reach out to business insider, founder, and ceo henry, who has come on other times, but in this case he did decline to comment on this story. a lot has been written about henry's trajectory from wall street to being in the securities industry to this. this would be payback in a big way. >> $560 million would be an almost unprecedented exit for the sort of web 2.0 or digital era, whatever you want to call it publication. this sofsh publication is facing enormous challenges. bi has managed to grow traffic, to diversify, and have different kinds of offerings and different subjects -- you didn't expect to see it with the exit than some people were talking about for buzz feed a few months ago. this would be an amazing transaction. i'm not at all surprised wash. >> especially when it comes to business and financial news. not the easiest place to get a seat at the table. we're going to watch that closely. in t

lynn springer in cherry hill, new jersey at 78 degrees. the mostly cloudy, hot, sticky mess. ground seems met but rain gauge recorded noda. one of those damp days with moisture in the atmosphere. not a lot of heavy rain except for that one that came through midday. david mitchell insuring norristown at 75, mostly cloudy. seventy-five. partly cloudy. have a good evening. peace to you as well, david. lets look at our live neighborhood network. i took this far west up to kutztown but doesn't look like any rain just yet. really it is western three-quarters of the pennsylvania getting wet at the moment, but here in philadelphia in the eag much at all, not here in kutztown, 71 degrees. you can see storm scan three that big wall of green, it is into portions of new york back into ohio. this heavy rain is lifting but notice lifting almost due north. this is starting to modify a little bit this ban you see right here is pushing further to the east and this is what we will have to watch for next several hours. this could take a slight northeast track and put it right over our north and

. >> thank you, sebastian springer worked inside defense. as you conclude your tenure, i wondered if you could talk about acquisition in broadly but also specific portfolios that have unanswered questions and then. one being the next generation vehicle in the other being air and missile defense. where are you beeping things than what is next. >> it's kind of like writing my own obituary. when i first arrived at the pentagon as you heard me say, it was no secret that army acquisition was not where it needed to be. one of the first things i did was order a report that became known as decker wagner. this wasn't on the study and eyes looking at us. paula kamen is separately we knew it was shocking to see it all in one report in a piece of the findings from 1990 to 2010, 22 failed major development programs which cost the taxpayers about dirty billion dollars. you didn't have to be an analyst to know we have to do better. we look at how we get to that place ms there are complex matters, a big part of that was the next big shiny thing. everybody w

joining us is dan springer.ttle this is too much. >> reporter: david, melissa, this is classic seattle. it is now mandatory in seattle not only to recycle, but compost your food waste and face fines if you don't. trash police have been busy, handing out more than 14,000 warnings to residents and businesses. the fines will start in january. a buck for homeowners. up to $50 for businesses. duplexes and things like that. they go up for repeat offenses. penalty kicks in when 10% or your more of trash could have been erye keled or composted. garbage haulers are trash cops, judges and jury. kelly got tagged twice. she is part of a lawsuit against the city. >> there is literally no recourse. when they accuse you falsely because they incinerate the evidence and take it away from you. they say you have done it but they don't have to prove it. >> reporter: not a single city official would talk trash with us, instead falling back on statement from city attorney saying civil liberties are not being violated because quote, t

in that cool sun it does feel hotter then thermometer would have you believe. 79 degrees, lynn springershe's in cherry hill what does lynn to have say, another stunning day. my husband wants to stain the deck, when will it rain again, i can tell you, we have no appreciable rain in the seven day forecast, but it looks like we could get up with staining the deck any day. great day for a car wash as well to keep that nice clean look to the car, go ahead ape do to it day. 82 degrees in carolyn in philadelphia full sunshine there. started off chilly. ended up being a brilliantly beautiful day. here comes autumn. autumn on the way but it will not feel like it over next couple days as temperatures will return to the mid 80's. we will check with delaware with sandor, 81 degrees, lots of sun and what an absolutely gorgeous day. the day after a cool morning the california valley weather. we have a big swing is what we like to call it. we have morning temperatures in the 50's. afternoon temperatures in the 80's. 30-degree difference from morning to afternoon and that feels fantastic. lets look out

. >> the anchorman was jerry springer. >> yes, he was minus man. i got the job at age 200, 21, making 9 grand a year. >> you become on air guy, sports guy. >> yeah. >> in cincinnati? >> the bulls won until tonight. >> and then you quit. >> yeah. >> why did you quit? >> i had you my mid life crisis at age 26. >> and i had saved $15,000. and my grand-am biggs in the world was to backpack around the world before i turned 30. i took my dream job in my hometown and left it on the table. that was a big risk that i took. it was china and it was vietnam. it was indonesia. new zealand, india and nepal. >> that's a real education. all right. so then you show up at mother teresa's clinic. what did you do there. >> spent two weeks there and observed what was going on at the mother house and the various clinics throughout calcutta. it's a very complicated town. >> did you ever get to speak to mother teresa? >> i did. i don't really remember the content of the conversation. >> she wasn't scolding you, was she? >> i don't think so. not that time. but what i did o

they're really warranting to turn it into jerry springer. >> i was waiting for a chair to go flyin gflyingewed as an insurge something candidate. how do you break through to the top tier as you sit in the second tier right below in the top four? >> we're right now polling number four nationally. i'm three in iowa. polling near the top in both new hampshire and south carolina. our focus is very much playing the long game. we're building a grassroots team. we have united conservatives on the ground, particularly in iowa, new hampshire, south carolina, then all through the super tuesday states. our focus is on grass rights until ber one, then fund-raising. one of the incredible things -- the first debate we had on fox news in the hundred hours that followed that, we raised $1.1 million as people all over the country went to tedcruz d.org a they contributed. it is my hope that that will continue. so our focus is on the long game because i think -- after all the fireworks and after all the fun ends, people are going to ask the question, okay, i want an outsider, i want someone who will stand up

the springer ceo says it will further their global footprint as a digital publisher.ay, it said it is buying 88% of his this insider. apple's three-month-old music streaming service is now available in china, offering a library of content including movies and e-books. answer to ais their streaming service, like pandora. it is kicking off with a three-month trial for 10 yen. that is a fraction of the $10 to $40 a month apple charges in the u.s. those are your top stories. staying with china, where the economic downturn has investors looking for safe places to put their money, many are flocking to u.s. real estate. according to a research firm, china has emerged as the second largest foreign investor after canada. cost ordere of total investments in the u.s., by u.s. commercial real estate. me, afucci is joining real estate strategist and broker. when we talk about chinese investors, i was a surprise that they are the second biggest after canada. talk about how chinese investors are different from other foreign investors? what are they looking at? peggy: when you think

you saw the business insider news on axl springer. reviews in newd york city.verything digital. as you know, everything is in our cell phones. we will talk to him about where we are with five years with this stuff. francine: everything is it what that means in terms of disruption for the older companies is fascinating. we are looking forward to that conversation on "the pulse." we are live from new york and london. we will be talking about the markets. pausing a little bit. we have lost $11 trillion over the past three months. that is mainly due to the china correction and commodities. what will the next three months bring? we will discuss that next. ♪ announcer: this is "bloomberg surveillance." tom: commodities implode, and it will be good for america. in this hour, david rosenberg -- america will prosper. ofbegin three days coverage the american labor economy. we are creating jobs for it and i trot out my single best chart for 2015. good morning, everyone. this is "bloomberg surveillance ," live from our world headquarters in new york. it is wednesday, septe

dan springer is live in seattle. dan, how is this policy work exactly?rtha, this is so seattle. goes beyond just mandatory recycling. residents and businesses here in seattle are forced to compost their food waste. if they don't, they get warning. starting in january, could be hit with fines. trash haulers have essentially been deputized to determine if people are complying with the law says no more than 10% of the all the stuff in your trash barrel can be recycled or composted. if garbage guy thinks he failed to comply, he is supposed to tag your can. a group of seattle residents sued city says the policy invades privacy and there is no due process if the city is wrong. >> there is literally no recourse because they incinerate evidence and take i it away. they say you have done it. >> kelly was tagged twice for not composting probably enough. martha: heavens. how does the city respond to this? report -- >> reporter: oddly enough the no one in the city would talk trash. statement from the city attorney, drivers are not supposed to open garbage bags or sn

sebastian springer with inside defense. i wonder if you could talk about acquisition broadly and two specific portfolios that have unanswered questions in them. the one being the next generation ground combat vehicle and the other being air and missile defense. where are you leaving things and what's next in those areas? >> this is kind of like writing my own obituary. when i first arrived at the pentagon, it was no secret, certainly from my time on capitol hill, that army acquisition was not performing where it needed to be. so one of the first things i did was order a report that famously became known as decker wagner. i think it's important to note that wasn't a gao study. it wasn't sbo. it was us looking at us. and while it came in and told us things separately that we knew, it was shocking to see it all in one report. and just a piece of the findings from 1990 to 2010 22 failed army major developmental programs which cost the taxpayers about $30 billion. you didn't have to be an analyst to know, boy, we have to do bett

i feel as though it's the jerry springer nation of the campaign because what -- we would never -- thisi think conservatives, and i'm a conservative through and through, but i think those conservatives supportive of trump are willing to stop and say, donald trump is a democrat, would we tolerate his behavior? i think the answer is, absolutely, no. there is no way in the world we would allow someone to call someone names, act like a 5-year-old in a political discussion, concerning the future of this country, which is what we're discussing here. the 2016 presidential race has to deal with the future of this country. would we tolerate that. >> i'll ask you this because you know donald trump. does he believe what he says when he talks about the bible being his favorite book next to his own and immigrants and hedge fund guys or is he using those buzz words to attract the -- >> he's the ultimate dog whistler. some say he's gone to yovert racism. i think he really appeals to our worst angels. pink he appeals to racism, to fear, to nativism. any time america has taken that direction, whether it

brendan: axel springer has bought a majority share in business insider.h coca-cola. it is $369. the company hopes to revive kcup drink sales. opro -- investor concerns about competition from apple and other companies have weighed heavily on the stock. next, virgin america, talking about wi-fi. they hope the new netflix partnership -- mark: a simulcast, next. ♪ brendan: welcome back to the bloomberg market day. brendan: virgin america announcing a new partnership with netflix today. the deal will allow travelers to connect to wi-fi for free to watch netflix programs. mark: virgin america shares down about 9% this year. let's join cory johnson and carol master standing by with our simulcast. >> we will talk with the virgin america ceo. he joins us now on the phone and san francisco. great to have you here with on bloombergelf radio and welcome all our viewers on bloomberg television as well. talk to us about this link up with netflix. today -- it up here has taken advantage of the new wi-fi system that we have put on board all of our aircraft. it offers str

caller: jake made it appear it was the jerry springer show. these questions that and hewell she said this said this and at a was ridiculous. nd that's the media. people who were calling in about john kasich. '78. man came in he ruled -- he was ruling they threw george h.w. bush out which was a criminal he went to ink and work for the lehman brothers. i mean, come on. away.uy needs to go i liked chris christie. i thought he was very honest. i don't like carly fiorina . i was kind of excited about her there for a while. brought up the frie friend, i thought oh my god. in the live united states of israel, i live in the united states. i'm curious what is it that we israel so much that we take all things? not just a few things but all things. okay. lorena, texas, lin linda, democrat. aller: it seemed that the republican debate all they 0sty and s religion war mongering. who clearly chris christie with endorsement of bush's war in which he kept saying bush kept us safe and he gave us 9/11 watch and the war was ofh a disaster that the rise jihadism a

he's behaving like a reality shore jerry springer ca eer cha >> this is what trump wrote about reagan in his book "the art of the deal." you can't con people at least not for long. you can do wond pul pro pegs and gets press and throw in hyperly. if you don't deliver the goods people will catch on. reagan is so smooth and so effective a performer that completely won over the american people. only now nearly seven years later, are people beginning to question whether there's anything beneath that smile. are republicans able to say mean things about president reagan? >> i think some would argue that donald trump is not a republican. he's a republican now because it's expedient to him. he doesn't hold very conservative values. this whole thing about how comparison between donald trump and ronald reagan is asinine. there's nothing about them similar other than they both came from the entertainment industry. for donald trump to now all of a sudden invoke reagan and i'm going to make america great again which is something reagan said in 1980 i think is shrewd politics and political expedien

the last debate, i thought it would turn into jerry springer, have one of us pick up a chair and throwgoing to play that game. >> will the government shut down over planned parenthood? is it worth it for republicans? >> i don't think we have a shutdown. i think it would be a mistake if president obama forces a shutdown. what president obama has said is quite remarkable. he has threatened to shut the government down over planned parenthood. i believe congress should fund the entire federal government, every bit of it. but we should use our constitutional power of the purse to decline to give $500 million of taxpayer money to planned parenthood. a private organization. it's not part of the government. it's currently under multiple criminal investigations for committing an ongoing pattern of felonies and we should also use the power of the purse to prohibit any federal funds from being used to implement this catastrophic iranian nuclear deal. >> that last presidential debate, there were a lot of candidates who talked about planned parenthood. but i don't see them standing up and leading o