erik schatzker and stephanie ruhle spoke this morning to the team's owner jeffrey bennett. he has big plans for his hockey franchise. my formula for success is roughly breaking even or having a great team every year and being able to compete for the stanley cup and making a big impact on the way, we make no apologies are being down in tampa bay. the sport of hockey is the greatest sport there is. great athletes, fast-paced, close games. and hockey can thrive anywhere. and tampa bay -- we have talked about that we would love to be the green bay packers of the nhl. no reason that we can't a couple's that. it is the world's best sport. it is going to succeed in tampa bay and other places. stephanie: the floridians like octave? -- do floridians like hockey? jeffrey: of course. who doesn't like hockey? as they go to games and learn about the sport and our players, they love hockey. our tv ratings down in our area are triple what they have ever been before. people are learning the sport and figuring it out. the same could be true in south florida and phoenix and st. louis and nas

i am stephanie ruhle.x new hedge funds are on track to start with at least $8 billion this year according to data compiled by bloomberg. the industry has not seen this many mega startups since 2005. how do small hedge funds survive in a field dominated by the big players? patrick is at wells fargo prime services. that is a big number to start with. very few funds have that kind of red carpet rolled out for them. funds that are just starting how do they do it today in a time when others have massive platforms with huge back offices? i do guys start with their own farm and name on the door -- how do guys start with their own farm and name on the door? >> it is tough. it is only 7% of the industry but they control 80% of the assets of the total industry. it is tough for smaller and midterm management. you have to incentivize investors to allocate capital. you are seeing the rise of a break in fees or additional capacity down the road. you are seeing feed relationships where management gives up a percentage of

i am stephanie ruhle. main jobs report is just minutes away. economist tim kaine expect a number north of 200,000. the bloomberg institutions fellow is looking deeper than headlines data for signs of strength and weakness in the u.s. economy. good morning. less than five minutes away. what specifically do you want to see? tim: i will look at the unemployment rate. that is the first number. it is a bit of a broken barometer. that means we have to look deeper like you said at the labor force participation rate. it has been stuck basically a lot lower. 3.5% points lower than previous recoveries. i will look to see if that number grows at all. and see if we pull people back into the labor force. erik: if it grows, it will not grow by much. it is unlikely we will see that number pop up. participation has flatlined, but one other thing that has been demonstrating and improving trend and improving faster is the percentage of americans in the labor force. that has been growing. tim: you can look at employment to p

olivia: that was stephanie ruhle speaking with sean parker about the launch of his foundation. ome, in the next hour we will have more of stephanie's interview with sean parker and they will talk about tech music, and facebook. matt: it is an incredible career when you think about it. he is not even 40 yet? are you serious? i feel like a real loser. still to come, larry summers tells us whether greece's proms are economic or cultural. our interview with him is next. ♪ . . . we live in a pick and choose world. choose choose choose. but at bedtime? ...why settle for this? enter sleep number... don't miss the lowest prices of the season, going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. right now, find the lowest prices of the season with the c4 queen mattress set only $1499.98. know better sleep with sleep number. >> live from bloomberg headquarters in new york. this is "market makers," with erik schatzker and stephan

earlier, stephanie ruhle and joe weisenthal spoke with mark farber about the prospect of a greek deal and where he sees investment opportunities. guest: they will come to some agreement at the last minute, but i do not think any positives, because greece is basically bankrupt. the debt should be written down at 50% or more. however, i do not believe that stocks are going down because of greece. i believe that the market has .een weakening for a long time 200riday, there were almost lows on the new york stock exchange. the shanghai index is down 20% from the heights. by people as an excuse to sell stocks. marc, should people in europe feel confident that what happens in greece stays in greece or have contagion fears spread and we should expect this in spain and italy? i think a lot of europeans and the bureaucrats in brussels, they hate them, because the bureaucrats in brussels are like the imf. basically a corrupt organization , imposingt pay taxes taxes on other people in the world and i strongly believe that the typical european would prefer not to have or be a member of the eu. mar

i would sean parker with stephanie ruhle.ig chairman hank greenberg insists his company still has value when the u.s. government stepped in with that bailout. and aig shareholders should be compensated. we will have more in my exclusive interview with hank greenberg. ♪ betty: it is noon in san francisco. courttoday's supreme ruling, the health care law is here to stay. we look at the reactions. prospect of a deal for greece but leaders have their doubts. we wait for down as the final word from europe. hank greenberg continues his push for financial damages tied to the bailout of aig back in 2008. betty: good afternoon. alix: so good to have you here. look at the a markets. a lower day here across the order. the dow off by 57 points. if you take a look at the smp, you can see where o

i'm stephanie ruhle and you are watching market makers. matt: i matt miller. breaking economic data. vonnie quinn is in the newsroom. vonnie: continuing the trend we have been seeing of a mild but positive trend, the s&p home price index month over month up 3%. -- up .3%. it is a positive trend. weaver looking for 5.5% of again emily got 4.9%. this is going to be -- we are seeing futures higher. we have the s&p futures up about two quarters of a percent. matt: greece has put an end to the speculation it will not be making that payment to the imf today. if you thought they magically came up with the money. the greek finance minister confirmed they have not. greeks are only allowed to take out $66 a day. the prime minister remains defiant saying european leaders will not push greece out of the euro. translator: they will not kick us out of the eurozone. the cost is immense. the economic cost, the financial burden if the eurozone is dismantled. the cost of a country in the vault -- in default to the european bank with great amount is immense. matt: on sunday, vot

erik schatzker and stephanie ruhle spoke with the ceos -- the ceo and president of all of garden. >>d not come in and take control. the board is an independent board. we just think the board is better and more qualified. aree are nominees, but they independent thinking and they are not going to do just what we say. you took control of the situation. >> we did. we made a change to make sure the board was doing there job to better represent the interests of the shareholders and to make sure they are doing the job for the company. part of that is listening to management and allowing the best ideas to come through with the guidance of the board to make sure we are coming up with the best ideas from everyone. what has been easier than you thought and what has been harder than you thought? >> on the upside, one of the things that is wonderful is we realized not everyly that board member worked in a restaurant. so once we got on, every board member worked inside the restaurant. operating with the manager of the restaurant, walking around, i was waiting on tables and food, inuest, serving th

stephanie: i'm stephanie ruhle. the sell off. we have top stories first. s talk about those top stories. stephanie: it is the last economic figure we get for to marcus jobs report. the government says fewer americans apply for unemployment benefits. the total number of people getting jobless insurance payments was the lowest in 14 years. the jv -- the main jobs report will show gains in hiring. dish network nt work -- t-mobile are rising after reports that they are in merger talks. the law says a number of issues have been resolved but not the price. -- the wall street journal says the number of issues have been resolved but not the price. erik: we are waiting to see who will make the next move in the greek crisis. alexis tsipras plans to huddle with his inner circle after another high-level summit failed to resolve the stalemate over the distribution of bailout funds. greece needs the money to default best to it avoid a default. citrus is rejecting proposals the call for tax hikes and pension cuts. ceo of barclays figures a last-minute deal is still possib

i'm stephanie ruhle. matt: eric is in athens right now.bout concerning greece. the potential default in puerto rico. the governor revealed his latest plan to revive the economy late yesterday. we'll talk stephanie: i thought you came to tell us about the dead show this weekend. matt: probably throughout the next few weeks. stephanie: describe it in one word. matt: it was all i expected and more. stephanie: we will get that for the next two hours. maybe the next two weeks. the top stories of the morning. so much talk about a last-minute deal. greece will not be making that $1.7 billion payment to the imf that was due today. the greek finance minister confirmed that this morning.

wharton professor jeremy siegel with bloombergs on erik schatzker and stephanie ruhle.arkets in europe closed for the day a few minutes ago. for the very latest, let's go to constant goals in london. you very much. we have a story woman look at equities and currencies. we start with equities. take a look at what is happening in greece at the athens exchange. it down almost 2.5% and we see positive territory in spain and italy. in germany, we are in negative territory. a quick look at some of the movers there. deutsche bank of thomas 1.5%. wasave marched down on 2.5%, timely down 2.5%. let's move over to the bond market, a better sense of what is happening. we clearly see a bit of a risk on scenario. all these yields coming up pretty strong, germany moving the least. we see strong movie -- movement in italy and spain. the story of the euro today, look at the euro go. it was middling along all day and up almost 1.75%. earlier, reports that greece was preparing their proposal and also creditors were preparing their proposal, finishing it up and putting final glasses. you s

this is "market makers," with erik schatzker and stephanie ruhle. erik: good morning once again. tching "market makers" on bloomberg television. i'm erik schatzker and beside me, stephanie had to catch a flight and olivia sterns is here. thank you. olivia: of course, i had to get on their one hour earlier because i cannot wait to see what happens. can you believe it? it is basically never going to happen but today, a rate hike is actually on the table. i am lucky stephanie had to go. erik: that policy statement coming at 2:00 p.m. eastern time and janet yellen is speaking at 2:30. you can see that live on bloomberg television. also ahead, the now former superintendent for financial services in new york state been lost be on where wall street has been punished enough. olivia: a look at the top stories. european governments have reached up a limitary to extend economic sanctions against russia. the sanctions are aimed at rest -- pressuring russia to bring peace to ukraine and they are due to expire next month but if the agreement is finalized by next week, they would be extended to

i'm stephanie ruhle. erik: i'm erik schatzker. hsbc makes it cuts. and gets rated. stephanie: also ahead, new apple music. yes. new apple tv no. fresh from a game three victory the tampa bay lightning owner on the stanley cup and building a successful nhl business in what other state but florida? jeffrey vinik in the 9:00 hour. erik: it is time to share some of the top stories of the morning. greece has come up with another plan designed to unlock bailout funds. alexis tsipras submitted a three-page proposal of fiscal targets. one official says the plan is a rehash. there is a report

vonnie: one person who knows a lot about crises -- and i am not talking about stephanie ruhle cohost " stephanie: you do not get the name doctorate in by accident. obviously, he is not alone. we will sit down with marc faber . he believes if this is when we see greece truly leave the euro what this it mean not just for greece but will this seal the deal for greece to make their relations between china and russia even closer. is that something on a global platform that re-really want -- that we really want? what do you think it is going to be like if you get in bed with vladimir putin? vonnie: there are already worries now because there are already parts forming in different parts of asia. stephanie: we have some positive news out of china over the weekend. vonnie: is it, though? stephanie: if you look on a broader basis, is the overall market -- the u.s. stock market if it is not doing as poorly as we thought will they look at this as a moment to love you and's -- to love u.s. investment even more? vonnie: i know you have been looking at puerto rico as well. stephanie: i spent a decen

i'm stephanie ruhle. erik: i'm and schatzker. there is new leadership at deutsche bank. germany at the g7 summit. stephanie: we are talking to some of the leading venture capitalists at the great summit. it is also happy ocean day. erik: filet of fish anybody? mcdonald's has its latest sales. here is vonnie quinn with the breaking news. vonnie: it is the last monthly seals we are going to see. down three points at -- 3%. the estimate was to be down 9%. in terms of individual breakouts, japan's sales were around 2.2%. a terrible performance in japan, partially currency related. europe sales were up 2.2%. much better in europe. not so gre

this is "market makers," with erik schatzker and stephanie ruhle. stephanie: good morning. makers" that anytime at 8:00 a.m. i am stephanie ruhle. erik: i am erik schatzker and it is that time. 2:00 p.m. eastern time it is coming and janet yellen will be holding a news conference at 2:30. a super important day. you will be able to watch that news conference live on bloomberg television and it is super important, not because the fed will raise rates, there is a slim chance of that happening but because we will get a statement which gives us a chance to gauge the fed's feeling on the economy and janet yellen's comments will give us a better sense, one would hope, about the direction of rates and the pace at which the fed will raise. stephanie: i thought it was because has a new haircut -- because erik has been you haircut and is that a new suit? erik: recent but not new. stephanie: catherine mann is from the organization with economic cooperation and

♪ >> live from bloomberg headquarters in new york, this is market makers with erik schatzker stephanie ruhlemorning again. i'm erik schatzker. stephanie: it is 9:00. we are having a very busy morning. >> and we have a special guest here for the hour. the investment arm for bloomberg's personal info graphic -- he's had a long career as money management and you may know him as the former president of obama's task force. stephanie: car czar. mario draghi is taking questions from reporters in frankfurt. i want to check back with vonnie quinn for headlines and market reaction. >> he is being asked about greece. he said there is no credible perspective on the greece program solution and we know the prime minister of greece will meet with the ecb president later today. mario draghi trying to field some questions there here and in terms of what he said about the euro area, he said that a sickly, growth momentum was slowing in the eurozone p or he also changed a little bit the inflation forecast. inflation unchanged from the previous forecast and in terms of growth, unchanged from the previous foreca

siegel will answer. ♪ >> live, this is market makers with erik schatzker and stephanie ruhle. orning once again, everybody. it is our new time, 8:00 to 10:00. stephanie: we have had a great hour behind is a great one ahead. a potential stock market bubble. here is a look at the top stories is morning. kris pet -- greece creditors unlock bailout it. bromberg -- bloomberg news reporting they had wrapped up their plans in substance but are still polishing up the document. this comes in the wake of a late-night meeting in berlin. angela merkel hosted that's of the imf ecb and european commission. talks went past midnight. >> when you have so many people so smart, so influential, trying to get a deal, my experience is you normally get a deal. it may be extended to the 11th hour. i think there will be a deal. stephanie: meanwhile, the greek prime minister says his government has come up with their own plan for no word yet what either of those proposals contained. a shakeup to the transportation security commission, including the reassignment of the agency's acting chief, after it was

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhleg, friday june 26. you are watching "market makers." i am olivia stern. pimm: i'm am pimm fox. erik schatzker and stephanie ruhle are off. olivia: earlier today, a terrorist attack at a gas plant in france. we will bring you the latest bits give you the latest is giddy details on our top headlines. in france today, it have a net and era products and air products & chemicals planted near the city of lyon. attackers beheaded a man in the java card high speed into the plants, ramming into gas containers causing an explosion. two people were injured. police of made multiple arrests. and there is word that a lifeline is being thrown to greece. one says the program will be extended by five months in greece will get another $17 billion to no word yet on with the greeks will have to do in return.

. ♪ kers," with erik schatzker and stephanie ruhle. stephanie: good morning. get excited.in june. june 5 is job stay here in america. you are watching "market makers" pattern at our new time slot. i've stephanie ruhle. erik: i'm erik schatzker. payroll numbers are out in 30 minutes. we estimate 226,000 jobs created in the month of may. he will have it all for you including reaction from both sides of the aisle. stephanie: especially americans who are also investors. plus opec leaves production unchanged and e-government data breach. we have a lot to cover. let us get you started. erik: we will bring you up to speed with these top headlines. the price of oil shot up half an hour ago after opec this i did not to change its for ceiling. the cartel has been meeting in vienna. some members wanted production cutbacks so prices could rise.

> live from bloomberg headquarters in new york, this is market makers with erik schatzker and stephanie ruhleng. i'm erik schatzker. stephanie: i am stephanie ruhle. in case you're wondering, it is wednesday. we have got a lot ahead. the justice department is eyeing his next wave of probes. first, why don't we give you the news. vladimir putin says russia has no relationship with the group of seven nations but is willing to meet with any g7 leader one-on-one. that is what the russian president was doing earlier today in italy where he met with the prime minister. putin says sanctions imposed on russian ukraine of hertz relations with italy. he meets with the pope later today. greece wants the leaders of germany and france to help break the impact. in brussels, the greek prime minister plans to meet today with angela merkel. negotiations on how greece can get more bailout money are deadlocked. creditors are frustrated they are not delivering the reforms they want. was the engineer of the amtrak train on his cell phone before it derailed? investigators aren't that could come out with their find

i'm stephanie ruhle. erik: i'm and schatzker. there is new leadership at deutsche bank. world leaders are meeting in germany at the g7 summit. stephanie: we are talking to some of the leading venture capitalists at the great summit. it is also happy ocean day. erik: filet of fish anybody? mcdonald's has its latest sales. here is vonnie quinn with the breaking news. vonnie: it is the last monthly seals we are going to see. down three points at -- 3%. the estimate was to be down 9%. in terms of individual breakouts, japan's sales were around 2.2%. a terrible performance in japan, partially currency related. europe sales were up 2.2%. much better in europe. not so great in the u.s. and really terrible in japan for now. erik: thank you very much. mcdonald's stores sales. the last report will get from the company. let us start with the top story. shares of deutsche bank surging in early trading. germany's largest bank will have a new ceo after it's too coexecutive summative resignations. john krein will be taking over the company plagued by billions of dollars in legal costs a

olivia: and i am olivia sterns in for stephanie ruhle .ou will hear from martin gilbert on his take of the greek standoff. olivia: and an exclusive interview with petro poroshenko on the russian backed rebels fighting and his country and his message for the united states. erik: time for our top stories of the hour. one of the biggest drugstore chain is buying targets pharmacy and clinics. cvs is buying target in which it will operate as stores within the stores and branded as cvs pharmacy. target has many clinics that will be rebranded as many clinics. the fight between boeing and airbus resumes. economy announced $20 billion in orders for neri body jets.

olivia: i'm olivia sterns in for stephanie ruhle. erik: you'll hear from one of the largest shareholders of 20th century fox. that is coming in the next hours. olivia: and in just a few minutes, an exclusive interview with us. we will ask about his interest and tie up with t-mobile. i'm so glad i got out of bed. erik: thank you for being here. olivia: you also have the supertex on which i appreciate. erik: time now for top stories and bring you what is news at this hours. the house is expected to vote on a fast track trade bill and there is an all-out fight for votes on both sides. president obama went to the annual congressional baseball game last night to roundup both from reluctant democrats and there are a lot of them. many democrats say the trade bill will kill jobs and hurt raises. republicans are in the unusual and on situation of supporting the president's position. sounds like the time or diplomacy has ended in the greek standoff. in a meeting with eu members greek was given up with 24 hours to end the proposal over bailout

olivia: i'm olivia sterns in for stephanie ruhle.one of the largest shareholders of 20th century fox. that is coming in the next hours. olivia: and in just a few minutes, an exclusive interview with us. we will ask about his interest and tie up with t-mobile. i'm so glad i got out of bed. erik: thank you for being here. olivia: you also have the supertex on which i appreciate. erik: time now for top stories and bring you what is news at this hours. the house is expected to vote on a fast track trade bill and there is an all-out fight for votes on both sides. president obama went to the annual congressional baseball game last night to roundup both from reluctant democrats

he will be with seth will -- stephanie ruhle on market makers.rector at the ecb when person who put in place the euro and defended it through the 2007 crisis. now he is saying, get ready, it could finally be time for a grexit. 17 countries, one euro. this is one of the individuals who said this would matter forever, this is the direction europe should go in. now he is saying it is druckman time potentially. are you ready for that? brendan: what i am wondering about, i have seen lots of noise over the weekend and also in that tweet about, let's save greece, what we need to fix the euro go -- eurozone no matter what happens. gideon: everybody thinks you should go forward, at least the elite tapes think you should go closer to union rather than far a lot -- part it ultimately for this old to work, you have to have greater integration. stephanie: in theory i 100% agree with you just like in theory, i would like to see washington, d c function. the most we can hope for is to kick the can down the road and the sad reality their bank is that market part

betty: that was the vanity fair publisher with erik schatzker and stephanie ruhle.ore on the next hour of the bloomberg market day. the highly anticipated ipo by fitbit. how they are pitching their growth strategy to investors. ♪ >> welcome to "bloomberg market day." says european negotiator the two sides still are not close to a deal. emily: plus, how to justify a 3.3 million -- or in dollar by ua should, especially with apple becoming the latest competitor? hillary versus hedge funds. she says money managers are paid too much money and now one of them is fighting back. emily: -- betty: good morning, i am betty liu. pimm: i am pimm fox. let's begin with the market. stocks lower today and dow jones down and s&p 500 trades at 2107 at the climate 2/10 of a percent and the nasdaq falling .2% and lower by 10.5 points. betty:

cities. , the man advisor behind barack obama successful presidential campaign in 2008 spoke with stephanie ruhleexplain whether he still room to grow. >> we have to continue to innovate. and make the service even better. bring the wait time even further down, make sure the service -- our drivers are remarkable. they provide a good service, very friendly. we have to continue to innovate, bring more products. we are experimenting with the delivery of food on demand. think yourdo you existing products need to improve? many say wait times are longer, drivers are worse, cars are not product hasexisting slipped back a bit. david: we are trying to improve every day. that weers tell continue to grow and we continue to have people making the decision not to drive themselves, maybe even to ditch a car. we want to continue to get wait times down and bring it to more people. that's were something like uber pool, you are helping with congestion. how do we get that on scale? we are starting to see it work in cities like new york and 10 for cisco. our drivers do a remarkable job out there. -- new york and san

. ♪ ket makers," with erik schatzker and stephanie ruhle. erik: in good morning. here in new york city. it is "market makers was quote on bloomberg television. i am chaska. stephanie: i'm stephanie ruhle. i'm glad to the back. erik: i want to give everyone a sense of what is coming this hour. the latest on the greek standoff. kevin plank tightening his grip on under armour. any close look at donald trump's wealth. what he says and what the data shows. not always the same thing coul. stephanie: donald trump does like to say a few things. top stories of the hour -- it has been a busy couple of months for homebuilders. a new report says that since april, they have started work on the most houses. this is important for you look ahead. the most houses in seven years. permits for future projects climbed to the highest levels in almost eight years. that is an indication that homebuilding is likely to pick up even more. over in athens, the great prime minister is blasting creditors for his country's problems. tsipras says the ecb's tactics strangled greece and accused the

olivia: and i am olivia sterns in for stephanie ruhle . erik: if you minutes, you will hear from martin gilbert on his take of the greek standoff. olivia: and an exclusive interview with petro poroshenko on the russian backed rebels fighting and his country and his message for the united states. erik: time for our top stories of the hour. one of the biggest drugstore chain is buying targets pharmacy and clinics. cvs is buying target in which it will operate as stores within the stores and branded as cvs pharmacy. target has many clinics that will be rebranded as many clinics. the fight between boeing and airbus resumes. economy announced $20 billion in orders for neri body jets. -- narrowbody jets. the ceo is ecstatic about the 737. he spoke to bloomberg at the air show. >> this plane was really worth everything that we went through to get it done. now you're right. we do have a challenge to get down the learning curve and to ring efficiencies out of the production line. our volume is our friend here. we're going to get up to 14 a month an

erik schatzker and stephanie ruhle are off today.l in for them. .co doug mcmillon is going to -- walmart ceo doug mcmillon is going to join us. let me give you a look at stories we are following this morning. a signed that demand for american-made manufactured goods are stabilizing. bookings for nonmilitary capital goods other than aircraft were up 4/10 of a percent. orders for all durable goods fell 1.8%. that reflects a drop in the volatile aircraft category. the prime minister of greece has until tomorrow to get the deal done. leaders say greece is getting serious about reforming its economy. they want to see a breakthrough by tomorrow. alexis tsipras offered a plan that addresses pensions and taxes. german chancellor angela merkel calls it a step forward. pimm: all participants -- translator: all participants of the discussions said we would like greece to stay in the eurozone. what greece put forward today is progress but within our discussions we also noticed there is a lot of work that needs to be done and we are running out o

i was listening to your conversation with stephanie ruhle and an analyst. take is does he not have the right to cash out now that there is a $3 billion market cap? erik: that's a canard. the question is if this is good governance. kevin plank struck a deal with public shareholders. the deal is i will create two classes of stocks so i can maintain control, but if i am certain point, a if my ownership stake is diluted down to a certain point that i run the risk and may lose control of the company, because in order to realize gains personally from selling stocks you have to take the super voting b shares and convert them to a shares and then sell those shares, that is what kevin plank has been doing. he has done this the past 18 months. sold almost $240 million of stock. these shares were not worth nearly as much when he was granted them. under armour stock has been a rocket ship to the moon. it appears to be a great company. he appears to be a great ceo. but why does he need to control the company? appears as great as he to be, no board would want to get rid

betty: erik schatzker in stephanie ruhle's book about the changes with all of garden president and starport ceo. take didn't come in to control. the board is an independent board, we just think the board is better and doing a better job. there are nominees. but they are independent thinking, they are not going to do just what i say, but what we collectively think is best. stephanie: you took control of the situation. >> we did. we made a change to make sure the board was doing their job to better represent the interest of the shareholders. to listen to the shareholders and make sure they are doing the job for the company. part of that is listening to management and allowing the best ideas for management to come through with the guidance of the board to make sure we're coming up with the best ideas from everyone to make sure we are doing a great job. erik: what has been easier in what has been harder? >> when we got involved with the company, we realized quickly -- every board member worked inside a restaurant. every single board member took a restaurant. how undercover boss of you. manager,

david plouffe with our own erik schatzker and stephanie ruhle. what about the next five years?via: here to tell us how uber's experiment in food delivery and self driving cars and more, sarah frier joins us from san francisco. give us a sense of what uber thinks it will look like five years from now at age 10. such: the reason uber has an incredible violation is that it is still a logistics company. because it has figured out how to deliver cars to drivers who want them on demand, what else ,an they deliver on-demand food, furniture, experiences? the possibilities are endless. in the next five years, they will be battling different kinds of competitors. since they've started, it hasn't been easy, but they have battled regulators, the taxi industry, local governments. now it will be more about google and amazon. is uber profitable? sarah: no, not yet. they're constantly raising money and they have a very expensive business to run. it's about getting drivers on the road, but also getting prices cheap enough that consumers who aren't used to i willt will want to say use this becau

pictures, most of them posted by stephanie ruhle.eople are talking about the places that they are at. they are trying to use the export button to find better ways to have people to communicate where they are and communicate what they are doing. the: but if you make comparison, we have been talking about twitter for the past couple of days and people have been talking about what is wrong there. cory: twitter is an interesting way to communicate. picture is better and a little bit of video is better than text and evil will like to communicate that way. they are trying to give a sense places with the explorer button. betty: this is what is going to be hard. people use instagram to send out positive messages, pictures with their friends, what they are eating, where they are traveling. it is feel good. cory: that is what you call it. my people are negative. betty: when i say twitter, people look at it for news. april did not look at instagram -- people do not look at instagram for news. cory: that is what is going to exploreith the button

it seems like only yesterday jordan was here on our set with mike bloomberg and the stephanie ruhle. we will look at whether he is driving the ratings of golf higher. buccaneer,mpa bay casey crawford, has founded his own mortgage company. he expects to originate $8 billion in u.s. home loans this year. all that and much more coming up. first, another critical day for greece. it could decide the nation's future in the euro. pimm: let's bring in hans nichols who is there and is joined by the vice president of the european commission -- european commission. what is going on? hans: thank you very much for joining us. in luxembourgim last week. what is different now in brussels? >> the important differences this time, we have a concrete -- concrete proposal from the greek government to be discussed. so now, it is certainly positive news. yet.e not at an agreement there is more work to be done based on this proposal, but we have a comprehensive proposal door open. hans: how specific was the proposal? >> the proposal is quite specific. it talks about surplus targets. it is in line with what

erik schatzker and stephanie ruhle talk to the ceo and cofounder of an investment company with $2.5 billionent. they asked about the prospects of a greek default and its affect on european banks. guest: five years ago, they did not have the tools necessary to deal with the issue. if you go back to the crisis, the u.s. recapitalized banks with heart. that is what european banks did. to liquidity with thes which in europe is same. then the u.s. created a shield which basically devalued the dollar and that is what the ecb has started doing. later, we take our time. no stress in europe. what you have on top of it is something back then in america you did not have it. just the monetary unit. andreated a ranking union created this so-called bazooka which is the firepower of about a trillion euros from a fiscal perspective. that means all the governments have put together a trillion euros. about it, the exposure today to greece, 90% in the official sector is in the bazooka and in the ecb. not datas there is exposure of european banks. that is very important. defaults or leaves of the euro and noth

stephanie ruhle and i start -- spoke with jeff smith and dave george about the new era and the notionhat store board star board runs the show. >> we did not come into control. the board is an independent board. we think the board is more qualified. nominees but they are independent thinking and they are not going to do what i say. they're going to do what we think is best. stephanie: you took control of the situation. jeff: we made a change to make sure the board was doing their job to better represent the interest of the shareholders. to make sure they are doing the job for the company. part of that is listening to management and allowing the best ideas for management to come through with the guidance of the board to make sure we coming up with the best ideas from everyone to make sure we are doing it great job. erik: what has been easier than you thought and harder than you thought? jeff: on the upside, one of the things that is wonderful is when we got involved with the company we realize quickly every board member worked inside of a restaurant. every single board member took a nig

struggling to manage $72 billion worth of government debt, and the governor spoke with bloomberg stephanie ruhleiterating the absolutelyh would get out of its distressed state. guest: we cannot default. it is impossible. it is impossible. constitutional a obligation. i will bail the debt. alix: the governor has changed his tune. in an interview with "the new that puertohe said rico's debt is not payable. "there are no other options. this is not politics. this is math." laura keller joined stephanie ruled this morning. is not an easy situation. there are creditors trying to give money to puerto rico thinking this might help -- stefanie: we need to qualify creditors and help. investors, private investors who want to go in and make a ton of money. thet: they do, but if economy has never ago, they do not get their money back, right? betty: they are savvy investors. they know how to do this. what indication do we have that the puerto rican government understands the plans being made? guest: -- none!nie: nothing to adjust infrastructure. there are thousands of teachers, cafeteria workers, custodians w

live from bloomberg headquarters in new york this is "market makers" with erik schatzker and stephanie ruhlenie: good very busy monday morning. you are watching "market makers ." scarlet: erik schatzker is on assignment in athens. we are watching the latest fallout in greece while chinese equities have entered a bear market. stephanie: we will speak to marc faber. he is coming up in just 30 minutes. angela merkel is holding a news conference in berlin. we will bring you all of that when it begins. here is a look at our top stories of the hour. greece is moving to make sure his banking system will not collapse. it is also moving closer to an exit from the euro. greek banks will be closed. cash withdrawals will be limited to $66 a day. the ecb has no frozen the limit on how much emergency aid it will give to greek banks. >> this decision today has led the ecb to not increase the liquidity to great banks and forced the bank of greece to recommend measures for bank holiday and limit bank withdrawals. it is more than clear that this decision had no other goal but to blackmail the will of the gree

this is "market makers," with erik schatzker and stephanie ruhle. stephanie: good morning.ket makers pickup i am stephanie well at 8:00 a.m. erik: i am erik schatzker. greece uncertainty means opportunities for some investors. stephanie: uncertainty over at j.crew. the retailer is cutting jobs and checking up management. erik: bloomberg businessweek has devoted to the culture of the people who make code. if you do not know code, here is a story that could help your career. that is what is coming. you know what else is new? can i see your folder for a second? stephanie: my notes folder? erik: folks, this is 70's folder and this is my folder. stephanie: clearly, it is in turn season at bloomberg. this is a reminder that we need to pay attention to our notes. i love it. beautiful. i will ignore the fact that my name is spelled wrong. it's ok. erik:

> live from bloomberg headquarters in new york, this is market makers with erik schatzker and stephanie ruhlemorning. this is market makers at our new time. erik: we have got a lot to pay attention to. important economic data breaking. we will show you reaction. stephanie: ecb leaves rates unchanged. in 30 minutes we will hear from the ecb president mario draghi. there is a lot to watch this morning. before we get to the big numbers, top headlines just for you. they're are not calling it an ultimatum. they will present what they described as a proposal. they will meet with the head of the european commission. the new proposal will focus on policy they must adopt if they want to avoid a default. open to get feedback on a greece proposal submitted yesterday.

this is "market makers," with erik schatzker and stephanie ruhle. ephanie: good morning, everybody. olivia: this is market makers. matt: i am matt miller. we are in for erik schatzker and stephanie today. olivia: first up, the ecb has just wrapped up an emergency call in frankfurt and they have decided to go another lifeline. matt: two days after they threw in the last lifeline. olivia: they are raising their emergency funding cap in a growing fears that banks in greece were not going to be able to open on monday. meanwhile, as you have been watching, we do have st. petersburg economic forum underway. vladimir putin and alexis tsipras just wrapped up their speeches and in a moment, charlie rose will be sitting down with russian president vladimir putin for an interview you will not want to miss you matt: i like the enthusiasm. it is a friday -- you definitely don't want to miss charlie rose. i want to get to the five other stores you need to watch this morning. . we are watching chinese stocks tumbling. all issued bubble warnings this week. the marke

erik schatzker and stephanie ruhle are off. olivia: earlier today, a terrorist attack at a gas plant in france. we will bring you the latest bits give you the latest is giddy details on our top headlines. in france today, it have a net and era products and air products & chemicals planted near the city of lyon. attackers beheaded a man in the java card high speed into the plants, ramming into gas containers causing an explosion. two people were injured. police of made multiple arrests. and there is word that a lifeline is being thrown to greece. one says the program will be extended by five months in greece will get another $17 billion to no word yet on with the greeks will have to do in return. the current bailout program expires june 30 next week. prime minister tsipras had new proposal but pushed back when more cuts were called for. both plans are still in play. >> interesting the seminal colleagues disagreed and criticized the institutions. we decided that we shall continue and this will look again at the two documents. the

this is "market makers," with erik schatzker and stephanie ruhle. matt: good morning i matt miller.livia sterns. it is my lucky day to be here with matt miller. matt: i look at top stories. the fbi has joined the hunt for the man who opened fire in a black church in trust in carolina -- in charleston, north south carolina. the suspect has been identified as a white man in his 20's. police released the surveillance camera photos. they say he attended a prayer meeting at the church for almost an hour before opening fire. authorities are calling it a hate crime. >> this is an unspeakable act. somebody filled with hate and with a deranged mind. matt: authorities say they thought they tracked the suspect but he then got away. another sign that inflation may take time to reach the fed target, the cost of leaving -- the cost of living rose 1/10 of 1% in may, the smallest gain this year. the consumer price index rose 4/10 of a percent thanks to hire fuel costs -- thanks to higher fuel costs. olivia: i do not know about you but i don't stay with airbnb yet. evaluation of $24 billion. that wo

i'm stephanie ruhle fit the commercial breaks are amazing. minutes away from the opening bell. tracy is here also to jump in. ron is guest anchoring with us. i am not going to be losing my job after this. this might be my last day. this could be the grand finale for me. what are the things we should be paying attention to? tracy: it has to be the weakness in at queen. we are seeing quite a bit of weakness in that market. it looks like european stocks are heading for their sixth day of losses. the emerging markets index is down for the 12th straight day. that is the longest losing streak in 24 years. we also have the institute of international finance with the biggest selloff. there are lots of moves going on. stephanie: you are yachting -- nodding yes and you are nodding no. ron: europe is definitely trying to sell debt to the united states. guest: this is a preview of the fed. as interest rates go up countries become weaker in terms of their ability to service that debt. we are seeing a 4.4 billion out of those countries in africa and latin

i'm stephanie ruhle. erik: i'm erik schatzker. new drug that could prevent heart attacks. stephanie: a mere $25 billion in advertising is up for grabs. we will speak to the executive in the middle of deciding where all of those go. erik: but would you worry about if you are running america's second-largest company -- the ceo of chevron, john watson. greece tops the agenda once again. looking to leaders of germany and france. angela merkel expected to meet to talk about how greece may get more money. greece is running out of time and money to make international payments. the problem now is how greece will perform in its economy.

live from bloomberg headquarters in new york this is "market makers" with erik schatzker and stephanie ruhleia: this is "market makers" at its new time. i'm olivia sterns. matt: i am matt miller. we will get to our man in brussels in a moment. olivia: we will also hear from the billionaire tech investor. we will hear all about his big plans coming up. matt: time for the top stories we're following for you. finance ministers. the greek have one plan. they have agreed to their own proposals, which they presented to finance ministers in brussels.

brendan: brian kelly, the point sky who explains airline points stephanie ruhle won this time he is going stephanie: no guest gives me lower self-esteem banthan brian, but he is here to talk about a rewards war going on between credit card company onies and airlines also is american express going to have to follow a lot more, follow different routes to win that battle because you're seeing more and more rewards programs whether it is that a citi or jpmorgan. it is not just frequent flyer miles -- that is what brian does. he monitors every credit card there is, every option you could have. brendan: the number of credit cards i think is in the 20's. stephanie: 25 credit cards. he still believes of between five american express offers his top two offerings. we will find out how long he think they will be able to hold onto that because it may not be for long. vonnie: this is so random, at the american express rewards points yesterday, the first time ever i had done it and iad something like 50,000 points to get an espresso machine, which is on sale at the moment for $90. stephanie: there you

this is "market makers," with erik schatzker and stephanie ruhle. matt: good morning. ler. olivia: i am olivia sterns. erik and stephanie are off today. we've got a busy morning and let's get straight to it. we are watching for you at this hour a new report confirms the u.s. economy shrank in the first three months of the year just not as much as we previously thought it shrunk. the commerce department says the first quarter gdp fell of .2 of 1% and the economy shrank by .7 of 1%. consumer spending was actually stronger though the first reported. matt: thank goodness. olivia: it appears the next move is up to greece. creditors have given the greek government and you proposal for ending the stalemate over bailout money. prime minister meets with the head of the imf, ecb and the european union today. he told his government meanwhile that the creditors had not accepted his economic reform plan and he proposed an earlier this week. matt: they came back with a counter offer. and you report revealing some of what iran is being offered during nuclear talks. the associated pres