when you look at taylor himself, he is much more flexible in his approach to the unemployment rate.h more flexible in his approach. we would look to trade volatility. we would expect to see a flatten or. michael: i think the monetary policy implications for whoever the fed governor is is not that big a deal. i think the monetary policy is on a set course.by and large it is driven by the consensus of the committee. i think the regulatory policy is a bigger deal. trump wants someone new is a regulatory dove. taylor would fit that bill better. jonathan: there are a lot of things to push about -- think about. i noticed mr. powell, the politico story, drives yields lower than the tax-cut story drives yields higher. i wonder how that will pus way out of the next several months. bob: i don't think monetary policy can be put to the side. monetary policy is any ridiculous place right now. i think if you look at somebody like john taylor coming in, why the markets are more frightened that the next paul volcker is coming in. 3.75 telling you it is %. distorted monetary policy is something of t

when you look at taylor himself, he is much more flexible in his approach to the unemployment rate.is much more flexible in his approach. so i think we would. we would look to trade that volatility and probably fade it. we would expect to see a flattener. mike: i think the monetary policy implications for whoever the fed governor is is not that big of a deal. i think the monetary policy is on a preset course, by and large. remember, it is driven by the consensus of the committee. i think the regulatory policy is a bigger deal. right now i think trump wants someone new is a -- someone who is a regulatory dove. taylor would fit that bill better. jonathan: there are a lot of things to think about. it is the push and pull in d.c.. i noticed over the last couple of days mr. powell, the politico , story, drives yields lower then the tax-cut story drives , yields higher. i wonder how that push and pull will play out over the next couple of months. bob: first of all i don't think , monetary policy can be put to the side. monetary policy is in a ridiculous place right now. and i think if you

when you look at taylor himself, he is much more flexible in his approach to the unemployment rate.is much more flexible in his approach. we would look to trade volatility. we would expect to see a flatten er. mike: i think the monetary policy implications for whoever the fed governor is is not that big a deal. i think the monetary policy is on a set course. remember, it is driven by the consensus of the committee. i think the regulatory policy is a bigger deal. trump wants someone new is a -- someone who is a regulatory dove. taylor would fit that bill better. jonathan: there are a lot of things to think about. i noticed mr. powell, the politico story, drives yields lower then the tax-cut story drives yields higher. i wonder how that will way out -- will play out over the next couple of months. bob: i don't think monetary policy can be put to the side. monetary policy is in a ridiculous place right now. i think if you look at somebody like john taylor coming in, why the markets are more frightened that the next paul volcker is coming in. he has got his rule. he is telling you it is

a different personality, but a little arbitrary between her and powell and taylor, who distance himselfg his own rules. julia: you are talking 50 basis points max different? marc: i think we should expect no matter who gets the job that the fed raises rates once in december. i am seeing them raise rates to three times next year. thone full hike next year and a little bit more. joe: let's talk about taylor a little bit because the crude way people think about him, unsophisticated way is taylor is a hawk and he called for a gigantic rate hike and the market is not ready for that. what is the problem with that simplistic plan? marc: no official has come out and said, i want to turn monetary policy over to this rule. especially on the start of the financial crisis, discretion is important. judgment calls are important.the level of interest rates needed now are beginning to expand. the fed is not just raising interest rate, but the balance sheet is shrinking. the next fed chair, even if it is janet yellen, will continue the cautious approach of raising rates when able to when the economy is

polite himself, jack taylor. >> thank you so much. when traffic gets bad, we're going to get a little nasty. good news is, the inner loocht beltway, prince george's county, 450, the right lane has been getting by. all travel lanes are open. the traffic center, drove through it. the bael hagerstown, after 66, that is maryland 66, not i-66, there was a medical emergency as you approach -- blocking the right lane, causing a brief slowdown. montgomery, prince george's county, all look good. should find nothing in your way now. back to you. >> jack, thank you. 5:03 now. two police officers hurt in crashes and chopper 4 flew over both scenes. take a look on the left. one crash in anne arundel county. this happened about 9:30 last night. >> about an hour after that, someone on new hampshire avenue slammed into a police car. our chris lawrence is at the live desk following the latest developments. chris, what's happening? >> yeah, guys. overnight, we got new information about the officer who was hurt. she is in the hospital but is expected to

i'm not saying he is not taking her seriously, but we have been told powell or taylor wanted that. trump himselfof traction in washington of a possible vice chair dual appointment. i am not sure we know the order yet. a lot of names in the mix. those are the two or three i would be most focused on. joe: is it safe to say yellen has no contingent of support, like it is possible trump had a meeting, liked it, her name is in the mix, but among his advisors and people, there is no one pulling for her? >> i believe that is accurate. we talked to a lot of people in the white house and outside. trying to do our stories and their job, we had never heard anybody coming out with a full throated endorsement of keeping yellen around. it would be stability, consistency, but the president gets a few marquee appointments. supreme court justice, fed chair, they are among the most important. it is hard to picture him sticking with janet yellen. obama had bernanke. given how much trump talked about yellen on the campaign trail as being pro-obama and running pro-obama economy, it seems hard for him to see her -- s

we'll talk to the two men at center of the battle, ceo and chairman david taylor of p&g, nelson peltz himselff trian. it's all going in a few hours. >> all getting going, and just a huge vote with two massive interviews to follow look forward to that >> thank you >>> let's continue to discuss markets. joining us now is steven englander head of research and strategy at rafiki strategy. let's continue the discussion around activism. what are your thoughts on activists playing in today's market they had a larger role in 201 0 and 2016, what do you make of their presence in the equity market this year >> i think they're always going to be play an important role the u.s. market is probably not the market that needs them the most plenty of overseas markets could benefit from their presence. also right now the big debate in the u.s. market is not activist versus not activist, it's whether the economic recovery and the profits rally can continue that's driven by much bigger structural forces. they're there and they're important, but not a major factor >> steven, u.s. dollar has come back a little bit

trump should pick to lead the federal reserve, janet yellen, jerome powell, john taylor or someone else trump could do it himself. that would be interesting, too cast your vote or have your say on twitter #traderpoll. ley rebe back with pntmo "street signs" after the short break. whuuuuuat? you never just get one offer. go to lendingtree.com and shop multiple loan offers for free! free? yeah. could save thousands. you should probably buy me dinner. no. go to lendingtree.com for a new home loan or refinance. receive up to five free offers and choose the loan that's right for you. our average customer could lower their monthly bills by over three hundred dollars. go to lendingtree.com right now. okay, iunderwear that's'd say this, bactually pretty.er leak surprised? it's called always discreet boutique. it looks and fits like my underwear. i know what you're thinking. how can something this pretty protect? hidden inside is a super absorbent core that quickly turns liquid to gel... ...for incredible protection. so i feel protected... ...and pretty. new always discreet boutique. and i'm the founder of ugmonk. before

himself a double and rbi. and it is quickly 1-0 as taylor scores from first with a head first dive.nd we pick it up in the 3rd inning. now dodgers are up 2-0. five runs as they ko quintana. big hit, hernandez, over and out! with the bases loaded. he is pretty excited. he circles the bases. grand slam home run off the reliever rendon. you see some of the cub faces there. they are done. clayton kershaw, by the way, is the man protecting that lead. maybe the best pitcher in all of baseball. there you have it. 9-1. >>> the 49ers this sunday going to be hard pressed to get that first victory. they are 0-6. but a pretty good dallas cowboy team coming to town. there will be plenty of cowboy fans out there and they will see after all their star running back ezekiel elliott on-again, off-again suspension. he has been allowed to play. this all stems from an off season domestic violence charge. a judge tuesday blocked the nfl's six-game suspension. so he will be allowed to play against the 49ers. and he would also like to repair his image. >> when you get accused of something of that magnitude

taylor or powell. james comey has outed himself on twitter as the person behind the account. he's kept a low profile since being fired in may, when he was leading the investigation into russian meddling. now there is a next resource to monitor for damaging comments. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. this is bloomberg. mark: thanks a lot. excessive speed in nonperforming loans good derail the recovery of italy's financial system, and that is according to the country's finance minister. he discussed challenges for europe and the ecb before attending the future investment initiative conference. >> this is certainly a challenge. we in europe must find new ways to combine the overall systemic dimension, the european dimension, with the national and local dimension. we need all of these dimensions to perform in a harmonious way. yousef: what else can europe do to mitigate the risks of that? >> there are some european challenges, which require european responses, like migration, security, like growth and

taylor came out of nowhere this year. lines it down the left field. he got himself an rbi double.ed the cubs in the series 15-4. they lead three games to none. they haven't lost in the postseason. take it back east, yankee stadium, houston up early. aaron judge had a little something to do with it. off the board out there. he got himself an rbi double. yankees all the way back to tie it 4-4. it is gary sanchez with a shot to right center field. that is a two run double series now even 2-2, 6-4 yankees when it. we will show you sharks highlight at 11 pm. that is the sporting line. it is 11 pm. time for more news with ken and julie. >>> next at 11, homes destroyed and people evacuated to emergency shelters, another fire this time in the santa cruz mountains. >>> the 11:00 news starts now. >>> hellfire is now forced to shift their is now forced -- cal fire is now forced to shift forces south. it is being called the bear fire in boulder creek. it has burned 271 acres. it is 5% contained tonight. cal fire says 600 firefighters are on the fire lines in santa cruz county and about 150 ho

he has not only established himself as one of the biggest pop stars in the world but changed the sound of pop music altogether. taylorft said of him whether by choice, when he decided on his musical ambition, he became less of a boy and more of a tank. his new album is called "divide," the single "shape of most streamedy's some of all times. here is a ed sheeran performing "shape of you," right here in our studio. ♪ >> ♪ me and my friends at the you come over and start up a conversation with just a me i am singing like you know i want your love, on now and boy, let us not leadtoo much follow my follow my lead i am in love with the shape of i'm in love with the shape of you we push and pull like a magnet do although my heart is falling too i'm in love with your body and last night you were in my room and now my bedsheets smell like you every day discovering something brand new i'm in love with your body ohiohiohiohi i'm in love with your body ohiohiohiohi i'm in love with your body ohiohiohiohi i'm in love with your body every day discovering something brand new i'm in love with the shape of you one week in we let the

himself, not for us. >>> two giant retailers. low price giant walmart hopes to strike a deal with high end lord and taylor just before the season. they say the goal is to start an online mall and that means bringing in established brands to attract new shoppers. >>> philadelphia chestnut hill will be more magical for harry potter festival. tonight is wands and wizards nights >>> a main line school for more than 50 years has a big celebration coming up. matt rilely is here. thanks for being here. >> thanks for having me. >> your school has been educating children for more than 50 years. talk about how your approach really has evolved and changed over the years. >> i think the biggest changes are now we are relying on much more science based methods in terms of this. we have begun to research what the best methods are to establish good function to help students with autism. i think it's probably the biggest change that happened is we started to learn from our practice over the years and refined our skills and become much better at it over time. >> and really early intervention is key to getting kids on the right track. talk about

he has not only established himself as one of the biggest pop stars in the world but changed the sound of pop music altogether. taylorays of him whether by choice, when he decided on his musical ambition, he became less of a boy and more of a tank. his new album is called "divide," the single "shape of you" is spotify's most streamed some of all-time. here is ed sheeran performing "shape of you," right here in our studio. ♪ >> the club isn't the best place to find a lover so the bar is where i go me and my friends at the table doing shots drinking fast and then we talk slow you come over and start up a conversation with just me and trust me i'll give it a chance now take my hand, stop, put van the man on the jukebox and then we start to dance, and now i'm singing like girl, you know i want your love your love was handmade for somebody like me come on now, follow my lead i may be crazy, don't mind me say, boy, let's not talk too much grab on my waist and put that body on me come on now, follow my lead come, come on now, follow my lead i'm in love with the shape of you we push and pull like a magnet do although my hear

himself from crystal's. and then all the witnesses in crystal's murder picked him out of a lineup. two months after crystal taylor's, aka c-styles, was charged with murdering her and her unborn baby jeremiah. justice seemed close at hand. it was not. >>> coming up, face to face with a confessed killer. >> you weren't afraid to testify? >> oh yes i was. >> i was praying and asking god to make us strong enough. but i was really scared. >> wn ♪ ♪ you make the world seem right, ♪ ♪ you make the darkness bright, oh yes. ♪ ♪ you've got a strange effect on me, ♪ ♪ and i like it. 60% of women are wearing the wrong size pad and can experience leaks discover always my fit. find the number that's right for your flow and panty size on the top of any always pack. the better the fit, the better it protects. always. this redthe passionate.ry. feria power red by l'oreal. multi-faceted, shimmering hair color... goes beyond bold. this feria has an extra shot of pure dyes. live in color. live in feria power red by l'oreal hair colorist/paris cnarrator: ed gillespie and i wants to endis ad. a woman's right to choose. ed giof a woman's

himself leaving for asia that day. what would he bring to the fed that janet yellen hasn't got? or that john taylor might bring?s interesting the way you put that. what would he bring that janet yellen hasn't brought? probably nothing. he is not an economist, so he will be basically following the policies that were set in place, and then be influenced by the staff or by anybody who is appointed as vice chair or who would replace yellen if she decides to leave the board. remember, she can stay on if she wants. probably, you would see it as yellen-light. powell keeps wall street on the same course. he is not likely to deviate. that makes people happy in and maybe that is what trump is thinking. ♪ ♪ david: welcome back to "bloomberg best." i'm david gura. goldman sachs president david solomon sees great potential in his firm to expand their business in europe. he discussed those opportunities in detail with my colleague, alix steel. david: there are places we can add market share and one of the things you know from when you talk to harvey about our growth initiatives is that a portion of our growth initiative is f

matt: it does seem as though he is almost plugging himself for the job and we have other fed voters who are plugging him for the job. we have the taylorre on the bloomberg terminal. tyalt want to point out, go. at five.tes with nehru if you could see my hand, the blue line right here is showing you that rates would be much higher if we use the taylor rule with the typical 5% nehru. if i plug in a 4% nehru, and even and our star of just 1 -- r see of just one, we still fed rates are too low according to john taylor's own rule. where would he put these variables? neil: i think he is being quite sensible about all this. it is well-known that whatever assumptions you make in the taylor rule and whatever numbers you put in, you will get a different answer. the range of predictions from tar, it isu use an r s what the fed regards as the neutral real rate. janet yellen thinks that is zero. the bottom line is the range of predictions that extend from slightly a where we are now, if youy as high as 3.7 use the old conventional taylor rule. obviously, the last 10 years since the crisis, we have been in a different situation. if the real rate is

26 million albums later he not only established himself as one of the biggest pop stars in the world but changed the sound of pop music altogether. taylor swift says whether by choice or unconscious evolution, when he decided on musical ambitions, ed became less of a boy and more of a tank. his new album is called "divide." "the shape of you" spotfied the most extreme song of all time and viewed on youtube nearly 2.5 billion times. ed sheeran performing shape shape here in our studio. ♪ the club isn't the best place to find a lover ♪ so the bar is where i go me and my friends ♪ sat at the table doing shots drinking fast ♪ and then we talk slow and you come over ♪ and start up a conversation with just me ♪ and trust me i'll give it a chance ♪ now take my hand, stop put van the man on the jukebox ♪ and then we start to dance ♪ and now i'm singing like girl, you know i want your love ♪ your love was handmade for somebody like me ♪ come on now, follow my lead ♪ i may be crazy, don't mind me ♪ say, boy ♪ let's not talk too much ♪ grab on my waist and ♪ put that body on me ♪ come on now, follow my lead ♪ come on now, follow my lead ♪ i'm in l

himself as the man . global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i am taylormberg. tom: a risk on data check. currencies and commodities, we have a great chart we will get to. euro back over 118. oil churns a little bit like futures. let's go to the next green. --the next screen. euro swiss, they have three swiss havens -- three safe havens. stronger, slight from safe havens today. francine: this is what i am looking at, dollar sign in treasuries. there seems to be optimism about the chancellor's tax reform. an insider may become the next fed chair and european stocks are paring some of the losses we had from yesterday's selloff. if you look at gold, yen, it is not -- the havens are not really big bed day -- really make today. that's really big today. the 1930's poor world war ii, the explosion of total tax receipts and they come out here and world war ii and explode up from 5% to 20% of gdp. notice the dampening here through the 1950's and 1960's -- lbj, nixon, the rest. then the volatility tax receipts. the decline down here in the movement up here. right no

himself. host: that is from the "washington post." andcandidates, john taylor jay powell.st: you put it perfectly, powell would be a change for the status quo. you would get a different face and trump for the sake of saying i have put my thumb print on that. taylor would be more of a nod to inflation hawks and that could be a market moving event. it is looked at as an outlier possibility. a lot of the things that have happened in the past year or two, even with brexit, those outliers have become normal. host: we will hear from dave in northport, new york. good morning. caller: good morning. i have two questions. the first, i want to ask about the interest rates. averagen europe, the rate on junk is lower than the .aa rated 10 year treasury interest rates are cluster of money, the cluster capital, a sickly interest rates, so interest rates are centrally planned by the central banks. the in the capitalist system if you are manipulating the price of capital? also, separate issue, rick, they were talking about tax reform. understand, corporations are pretty flush with cash rig

winston and -- taylor winston and his girlfriend along with thousands of others were boxed in by a fencement he helped throw people -- fence. he helped throw people over before jumping over himselfhe saw a bunch of trucks. first one he tried opening had the keys in it so he squeezed victims in the backseat across the bed of the truck and got them out there have. >> once we dropped them off, we're like let's go back for round two and get some more. i transported probably 20 to 30 people injured to the hospital. >> winston joined and served two tours in iraq. in 2011 he is honorably discharged as a sergeant and called sunday night's shooting a mini war zone. ken, we are hearing so many stories of people who didn't run away from the gunfire. they ran to help those who were wound and taylor winston happened to be one of them. also new information tonight when we talk about the number of victims, 59, it was 58 victims. the 59th was the shooter. that included the shooter. much more tonight on the body camera that just came out and more on the investigation of the san francisco atf that's here tonight from san francisco to help out in this investigation tonight at 11:00 on kpix 5. back

himself. bob, are you surprised by these two guys, the fact that it is not jay powell, but also john taylor, thesh for trump to choose? guest: i think in many respects, john is a very accomplished, practical guide, not a dogmatic -based person. uses the rules as a guide and develop them to describe the fed policy. he is the kind of person that has both experience and a reputation that would stand at well at the federal reserve, the question about that. >> jay powell has maybe the edge when it comes to regulation in the sense that he has worked in financial services and knows a lot about it and when he speaks, this is what the topic is. hand, john taylor is a republican. someone who thinks maybe there is too much regulation. do you think they might go at this different way? is that something important to trump? guest: we are losing a picture in the equation, a nomination of randy quarles, and an approval to be vice chairman of regulation. in some sense, that die has already been cast. if john was chairman, he could freely focus on monetary policy. the whole board worries about regulatory holocene

himself. the cowboy once -- such a pejorative term now became an american hero in the form of william levi buck taylor the king of the cowboys and johnny baker the cowboy kid. displays of marksmanship were provided by cody baker and most importantly, annie oakley the sensation of the show, little sure shot. as time passed, cody would update these historical pageants over and over. including a spanish american war, the boxer rebellion. and the philippine insurrection. however, then such as the attack on the deadwood stage ends the first scalp for custody was part of the show. as you know cody took his wild , west to london in 1887 for queen victoria's jubilee where he became an international sensation. he gave the europeans just as he had given his own countrymen a glimpse of the vanishing frontier. he exploited the romantic possibilities of the american west. making them intelligible to millions who had no other knowledge of the frontier than what he presented. he became a buckskin clad goodwill ambassador. he won the hearts of the world as had no american since benjamin franklin. and he became for th

taylore: anything's up for game? lemonis: anything. the purpose of decluttering -- number one, generate some cash. but i also want michael to go through this process of ridding himselfn the business and move the business forward. ramona: jesus, don't go in here. woman: what is this? michael: that's cash. lemonis: no, no, no. don't ask him. don't ask him. [ laughter ] don't ask him. don't ask. michael: i can't find much to put a red sticker on. that is a piece of furniture. lemonis: no, no. don't. michael: [ laughs ] all the stuff you have red on, taylore, those items are still lights that are good. ramona: you can't take all the red off, michael. michael: no, but, look. you can't throw these away. taylore: i didn't put it on the to throw it away. i put this on to give away. you can't sell it. michael: you can. ramona: michael! michael: that's a good speaker system here, honey. taylore: you can't take my red off! lemonis: what the [bleep] taylore: what's wrong? lemonis: where's all the personality? look, the booth looks terrible. michael: you can't throw these away. [and her new business: i do, to jeanetgo. jeanette was excellent at marrying people. but had trouble g

taylor who wants to retire. the thing i think the president has to ask himself is he's got an economy now with four-point 2% unemployment. he is a stock market hitting record highs every day. do you want to change horses in the middle of the race when it's going pretty well for him? if this stays on the course design and how much is he committed to changing parties and having republicans. tree into whether the markets want? >> markets while what's going on. where did that happen? it happened under the watch area. it's easy to spot her sacred cows stood up to you this. i gave high marks for operating well within the reality was handed to her as she stepped into. a market that did well in expectations. at the end of 2016 she was painted into a corner. the market became unsettled after that. since then, communication skills i give this holiday. the thing is, trump is looking to see change for change's sake. what a sending? maybe she sacrificed here. we met what is the risk she shoots himself in the foot? >> at very high, which is why perhaps jerome powe was the answer, little to the right of janet yellen. >> we don't know

david taylor he'll talk to us exclusively fresh off of his side declaring victory in this fight that nelson peltz lost his proxy battle to join the board, though we just heard from pelt z himselfe's contesting that and it's too close to call also a candid answer why he thinks this company and board is fighting so hard to keep him off of it. >> they did not want me. you know why >> why >> three-letter word, ego. >> ego >> ego, okay i threatened the hallowed walls of that boardroom and how dare i do that. and the fact is, that the board needs refreshment. i didn't even call for that. the board needs to really look honestly and openly and say what's wrong with this picture feel that? that's the beat of global markets, the rhythm of the world. for most, the cadence of today. to us, the pace of tomorrow. it's people and machines uncovering opportunity. cloud computing providing endless capacity. blockchain making transactions safer and faster. new markets born where they weren't before. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. >>> good morning, everyo

himself in >>> switching gears, people game. the nats take on the chicago it's fourth trip to the playof in the last six years. if you're going, get there early. wear red. wtop's jack taylorood morning. good morning. on the freeway eastbound you'll the after maine avenue. it moved through the right behind it, 395 northbound, semina pushed over to the to the shoulder. temper are comfortable. 66 degrees. the is up. we also have some clouds around we'll be staying on the dry side. the cl will be her today. mostly about the low is sm spots i clouds here, a few expect mid 80s and dry today. mid 80s and dry tomorrow. rain sunday. >> another local news update in 25 min >>> good morning, everybody. it's a friday morning. 7:30. doesn't that feel good? craig is here for matt. hoda's here. all is right with the world. >> a lot of breaking news overnight, including the wrath of tropical storm nate. that begins our check of the headlines. nate turns deadly. the tropical storm slams the central american coast as it gains strength and heads towards the u.s. mainland. a state of emergency issued for new orleans, ahead of this weekend's landfall. >> there is no reason to panic. but there'

michael amount taylor this is the young man emerged the best from this post season right here. >> yes. >> gave washington a four-one lead with a homerun himselfsecond. gio gave back two of those runs but the nats were still up fo four-three in the fourth inning. now in the playoffs you'll take your best pitcher out of the bullpen and have him pitch. that's what they did with max this was just a mess. should have been lights out but, no, retired the first two batters and then it just all fell apart by the time the dust cleared the balls had been thrown around this was a play called by the ump a dead ball they didn't because he knocked the mask off matt wieters. some of those runs resulted of that. javier by yaz with the swing and miss. he was safe on the wild throw that drove in the tying run. and then it just went downhill from there. mistake kept oncoming now. let's move to the eighth inning. jose on first base. this is the one that just hurt the most. the snap throw from wilson contrares. they called him safe. dodged a bullet there. until the cubs challenged the ruling and the umps talk about it and they believe right that the foot came off

himself in northern virginia. he has been indicted along with his business associate. this is bloomberg. ♪ ♪ >> this is "bloomberg daybreak." i am tayloromberg markets, democratic congressman ro khanna of california. this is bloomberg. now to your business flash. bid tos is making a strengthen its oncology portfolio. the french company makes diagnostic and therapeutic products for cancer and other diseases. buy a european insulation maker for $1 billion. the seller is private equity firm cvc capital. nintendo gives credits to japanese companies new gaming switch, twitch, -- upgrading the number of consuls it will sell for the year two 40 million. david: breaking news, paul manafort, the former campaign chair of donald trump's campaign has been indicted by a grand jury. we are seeing video where paul manafort will be surrendering himself. this was reported short time ago. as far as we know he has been indicted on tax and other charges. we know he and his business associate are the first to be indicted by robert mueller. in as turned himself requested. he has been detained. jonathan: more on that right here on bloomberg tv. emerging mark