rich templeton is stepping back in. rich templeton has spent his career at texas instruments.to brian kutcher -- crutcher. permanentking it on a basis. they are not looking for another ceo. scarlet: he is resuming presidency on an ongoing indefinite basis as chairman. -- as well as chairman. they chose someone least disruptive to the business looking for continuity over everything else. in contrast to what has been going on in intel where they are looking for a replacement. julie: we will keep you posted on this story. texas instruments shares falling on these headlines of it. this is bloomberg. ♪ julie: the texas instruments ceo has resigned due to code of conduct violations. this news coming out in the past few moments. rich templeton, the longtime ceo will reassume his duties. anon inined by bloomberg technologies. what kind of disruption will this cause? if templeton is stepping back in, maybe that will minimize this? knows thempleton business inside and out. his retirement is going to be a tad bit delayed. to compare and contrast this to the intel situation. in this case,

craig templeton, bbc news. myself that i have to keep believing and again saying today

crutcher is being replaced by rich templeton templeton will return indefinitely and the board is noteeking a replacement. in an e-mail to employees, templeton reaffirmed the company's behavior to behaving professionally crutcher is the third high profile ceo so resign over conduct violations in the past two months in june intel's ceo stepped down over what the company said was a past consensual relationship with a subordinate earlier this month barnes and noble fined its ceo. shares of ti are down in early trading. >> that's a big story, see you in a bit >>> csx, second quarter profits beating forecast they boosted their forecast as well csx was helped by cost cuts and higher shipping rates and by higher coal shipping rates. >>> united airlines second quarter results topping forecast, despite a surge in jet fuel costs the airline also raising its guidance for the year. stock up nearly 4% don't miss oscar munoz today at 8:00 a.m. >>> and boeing received a 3$3.9 billion deal to build two jet there's a will be used as the new air force ones in the future president trump heavily criticiz

here is craig templeton.at roger federer has not graced court number one at wimbledon for three yea rs. 0f number one at wimbledon for three years. of unfamiliarity was an issue, it did not show early on. after 26 minutes, the first set was over and federer looked in full control. but looks can be deceiving and kevin anderson won the next three games, becoming the first player to break federer‘s serve at wimbledon and 85 attempts. that reinvigorated the defending champion, who forced a tie—breaker and wet two sets up. anderson was still fighting and started playing shots his opponent would have been proud of. something special. then saved a match point before taking the third set in trademark style. all the momentum was now with the eighth seed and he made it count, taking the match to a deciding set. the two then held serve for an incredible 22 games before federer could hold no more. but anderson could, and in doing so knocked out the eight time champion in an incredible comeback. craig templeton, bbc news.

templeton's appointment, the company is saying is not temporary and the board is not searching for areplacement. t.i. also reported financial reports and second-quarter revenue 4.02 billion and adjusted eps of $1.37 and if that compares, t.i. would provide full second-quarter results. bernstein telling me he isn't too concerned with how this impacts the company. after all, crutcher was only named on to the job and been effective since june 1st templeton is a long time t.i. vet who is very well respected in the industry. melissa, back to you >> thank you very much, josh lipton crutcher had been at the company for 22 years and the broader con reductions this is the second ceo to be removed from his post for reasons of a sort of company policy and personal behavior broadway anners c kerzanich beie other one. >> it traded back down to 100. we recently made another push and they just gave preliminary guidance for july 21st and this is the way i look at it and the potential for a huge double top. we had this headline now and why buy the stock now? i would rather b iuyt at a break at above

templeton coming back permanently is a good start to that.the fundamentals for a second because you have all of the drama surrounding why he was ousted, with the bad news was behind that, but talk about a headline that crosses when the company is actually in good shape. versus the semiconductor that is already in trouble and then gets a headline. how do you deal with that? anand: compare and contrast. we preview the quarter, it is not a surprise that the beat the eps beat is a white margin. i am sure that as we get the full numbers, gross margin will have improved pretty substantially. all of those are positive aspects of pi. compare and contrast that with intel. this is a substantial change, accelerated, help the effort is substantially. he has changed management. those kinds of changes ruffled a lot of feathers to the point where senior intel management and now they are in the ranks if you made the top spot. there a different. i think the ceo change at intel is a far bigger change than the ceo change at ti. jason: the impact of the broader

craig templeton, bbc news. kept on telling myself i just kept on telling myself that ijust kept on telling myself that i have to keep believing and again saying today would be my day because you really need that mindset taking the court against somebody like roger. if you go out there with doubts, or are unsure what will happen like maybe i did in that first set, it's not going to be going your way. and i kept saying to myself this is going to be my day. i just gave it my all and obviously very ecstatic getting through that. world number one rafa nadal reached the semi—finals for the first time since 2011 with a five—set victory overjuan martin del potro on centre court. the two—time champion was forced to come back from a set down before breaking in a thrilling fifth set to win in almost five hours. nadal will play novak djokovic on friday after he booked his place in the semis by beating japan's kei nishikori in four sets to reach his first grand slam semifinal since 2015. the victory brings him level with pe

think templeton said, i it was in june 1964, when rich people suddenly realized, we may get a substitute and they got authorization to ire a substitute ahead of the raft, as sort of prophylactic protection from the draft and george templeton strong said he $1,100 for a big dutch which take his place, would make sure that every time strong complained about why men, they draft more wouldn't draft him. ma'am? >> was there any point when -- california, was there any point when the economy desertions rove and would go up higher? >> what was the last of that? the reverse kind of of what you're saying, if the economy improved? >> yes. fact, that's another reason that the bounties had to start because when war production finally kicked in and jobs, started finding they didn't want to enlist anymore. in, i akers -- someone think it was december of 1862 aid, shoe makers in eastern massachusetts are making more than they ever have before, so they weren't enlisting anymore bounties had to go up. had more you exploitation of immigrant volunteers. missouri. st. louis, in going through some records, st

continued her successful comeback to let it the jamaican that won the one hundred meter in the time of templeton nine eight seconds at the anniversary games and london the seven time world champion who gave birth to her son last all this clot the fastest time since her return to beating out american into syria a crime. nearly two and a half thousand swimmers have a brave the cold water and strong currents in one of the most extreme open water races in the world the animal boss for a swim a starts on the asian side of the strait and in europe cinema who has more from the bosphorus. this is one of the iconic open swimming events in the world bosporus cross continental system race right behind us behind the brits actually there was a boat then more than two thousand swimmers john and the deep blue sea saw the bosphorus to gross from asian side to the european side of istanbul this is what makes the swim brains more unique and. compatible with many others more than two tons of swimmers are striking now it's more six point zero is six points called. globe in tears i miss the bosphorus and they are pr

former ceo rich templeton resume the role on a permanent basis.ceo of microsoft has thechanged now that he owns los angeles clippers. , i becomeand scream more moderate so i preserve my vocal cords. it can be a problem. it can be an issue. taylor: you can watch the entire interview with steve ballmer on the david rubenstein show. that is your bloomberg business flash. the fed is planning to raise interest rates gradually. for now. those are the two keywords taken from the committee yesterday. a strong job market and inflation close to our objective in the outlook balanced. bestlieve that for now the way forward is gradually raising the federal funds rate. nejra: the dollar and vance after powell spoke but this was based on an upbeat assessment of the -- we are joined by david bloom. the dollar gaining against most g10. what was dollar bullish about what jerome powell said? your a dollar bear, right. he is doing what he has always been doing. the yield curve going negative, the fed is going to pull away, no. the economy is doing well, i am raising

ian: if you look at their record in the rich templeton, who has been there for a long time and now hes out and he is back in. it is hard to argue things have changed a lot and he will have to beginning up to speed. analyst fly like him, investors like him, so compared to the arel situation, they probably not badly off at all. they will now have to go out and as well,a successor but they tend to do that on an internal basis and recruit people and train them on an internal basis. scarlet: and i am glad you bring up intel. with decades of experience covering chipmakers, you have talked about how intel successorsgroom its from within the ranks. have all of these tech companies follow the pattern rather than look externally for outside candidates? ian: yeah, you have to know, starlet, -- scarlet, dei is one of the oldest in the tech industry, nevermind the chip industry. they have always attempted to grow their own. another example, the next chosen one, it was quite embarrassing because we know him, we know his management style and we know what he is going to do. in a very short period of

joining us now, franklin templeton multi-asset solutions. great to see you.fswith these erased a growth benefit from tax cut's? s? tax cut >> that statistic highlights it. in your interview with chuck, the steel and aluminum tariffs are impacting business. it is probably the business being most affected. in his responses, there are other pressures. started with a tailwind because of tax guts but we also had strong global gdp growth. that synchronous averment we were seeing around the world drove up the other pressures he is siding -- citing. we go is probably the biggest story. we know today in most industries earnings are coming in fabulously. maybe the bigger story is how well companies have managed operating profits. that is something you don't have to go to far, when profits for under pressure. everyone was calling it the profit recession. clearly we have moved past that and profits are sustaining an attractive level of earnings. the level of confidence is what we are hearing, going forward with confidence can companies have? alix: client prices go up. we

rich templeton who stepped down as ceo on june 1st will return to that job.ant to make one comment about this which is, you know, when you have these announcements especially in this age of me too, by default your brain goes there. >> more information would be useful if that's not the case. >> in some cases, i think these companies do a disservice both to themselves and to the individuals by not being a little more explicit about what the issues -- >> and to you. because you just want to be nose nosey. >> interest. >> i think as a shareholder you should know what's going on at the company. i think you have some right to understand at least the basics of the situation >> you ever get to the bottom of sir martin >> you know, i never did because they signed an nda. >> you were poking around though >> i did poke around well, look brian at intel and then the other question -- >> they did give some details on him. >> they did. then what you realize is the code of conduct was so strict that he was having a consensual relationship with somebody that was below him and

news here from texas instruments, brian crutcher has resigned as ceo and the board has named rich templetonany's chairman to reassume roles as president and ceo on what is an ongoing, indefinite basis and there were violations of code of conduct, and personal behavior that is not consistent with our ethics and core values and they give us q2 numbers here, 4.two billion in revenues and that is adjusted eps of 1.37 and that would be a beat of 6 cents and full results coming on july 24th and texas instruments, brian kutcher resigning as ceo and the board naming rich templeton, the company's chairman as ceo. guys, back to you. >> that stock down 2.2 in the after market. >> the ceo of reebok is giving new life to the brand. we're back in a couple of minutes. highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if yo

two soldiers were airlifted to a hospital in templeton. it happened during an exercise that trains army reserve and army national guard soldiers. (vicki) authorities in the south bay have taken down a well-organized illegal gambling operation. as kron four's rob fladeboe reports now, the backroom casinos were masquerading as legitimate businesses. responding to complaints from neighbors in this and othe vietnamese neighborhoods, cropey pc repair and rentals here at a strip mall on cropley avenue and this nail sailon on north 14th street were the first to be raided. inside police found people engaged in illegal gambling. they were playing poker and other card games and there were lots las vegas style gambling machines, fifty of which were seized and booked into evidence along with $75,000 dollars in cash. joined by the da's office and the state department of justice, search warrants were served at five other cafes, restaurants and other shops that were just storefronts posing as legitimate businesses. and gambling is leading to other crime

and remember, this is a new ceo, and rich templeton was looking to server more than a decade as ceo andt it doesn't take away from the investment. ♪ weres. aluminum tariffs meant to protect the industry from foreign competitors, but instead they are taking a bite out of the earnings of alcoa, which lowered its 2018 projections as tariffs are presented. the company says it is a "significant had went." this wasn't supposed to happen. >> no. but there is a fine tradition of coming out with very aggressive tariffs and sanctions, been backtracking quickly when you see it causes the economy to collapse. we saw that before were the tension went after one particular individual, and then they realized it would have this enormous effect on the rest of the world, and then everyone would suffer as a consequence. and i think -- we are heading down the same path here. ♪ >> political uncertainty in italy is rattling investors. there are reports that the finance minister might be forced to step down, as he disagreed with who would lead a particular bank with the two populist leaders in power. walk us t

and rich new ceo templeton was looking forward to returning after serving for more than a decade. unnecessary distraction but it does not take away from the investment pieces. u.s. aluminum tariffs are meant to protect the industry from competitors but instead they are taking a bite out of the earnings. as low as 2018 projections as theffs are presenting what company is presenting a significant headwind. there is a fine tradition here of coming out was very aggressive terrorists. the back-tracking rapidly when you realize it will cause the economy to collapse. the intentionere was to go after one individual. the may relate there's going to have this enormous effect on the rest of the world and everyone is going to suffer. they backtracked on that. i think we are heading down the same path here. political uncertainty in italy is valley investors. there are reports of a finance ms. -- minister might be forced to step down. bachus to the events of the last 12 hours. >> is one of the came across reported there were differences regarding finance -- then there came a whole bunch of deni

i always say when i talk about john templeton's line, you know, bull markets are born and pessimism grow and die in euphoria there's not a lot of signs in euphoria the individual isn't piling into the market valuations are not unreasonable and so i would say that the music is playing, but you know, i would keep an eye on the period time when it stops playing. playing now. >> and valuations are reasonable we're finding a lot of things to do >> what do you make of the yield curve. are you concerned about the flattening >> no, i'm not i think it's all been screwedupu by qe and you know, there's $9 principle, excuse me, $9 trillion of sovereign debt around the world carrying a negative interest rate and you know, we're looking at an investor in u.s. paper looking at a german bond at under 40 basis point a ten-year in japan and zero we stand out a stronger dollar and got re relatively higher interest rates. so i don't read much into it i prefer to talk to companies and watch the economic data and the signs of reeducaticession at there. i would worry about overheat in next year. >> let's trans

other representatives, john templeton. ms. kelly -- >> julianna choi. >> yes. we were balancing this information to gather -- i don't think competing interest. we have a h history in this cit for removing the gains from the civil rights improvement. we instituted a -- those in the trades were very, very informative in this conversation to say, yes, we believe in that. we want a pathway for that, but at the same time, we want to respect the safety of workers, the wages of workers, the condition of workers, and the overall environment in which workers work in. we've really tried to take those two issues, harnessed them together, and tried to build a consensus. what we'll have -- i'm going the hand it over to supervisor peskin along with supervisor fewer. we've led a conversation where we've tried to come to a consensus on some of those important issues. we'll talk about what we have agreed upon and what further work needs to be done. i think we've made some good progress in a very short amount of time. we're going to hear from the different departments today as w

his predecessor, rich templeton will come back to the role.uing the victims this shooting. the federal statute races liability for a company that has adopted anti-terrorism technology which mgm says they want a judge to declare that the company can't be held liable. up next, another chinese tech company is preparing to go public. thisll tell you more about company's plans to take on alibaba. this is bloomberg. ♪ haidi: it is a: 30 a.m. in singapore. 8:30 a.m. in singapore. we had a pretty optimistic view across broader asian equity markets. i am haidi in sydney,. . ramy: let's get to first word news with jessica summers. sachs hasoldman confirmed that david solomon will be the new ceo. this will assure in the new era on october 1. oldest will be the banks new leader in almost half a century. he has been a goldman for 30 years. almostxpected to pocket $85 million when he finally walks away. i will be stepping down as ceo at the end of september. burst --airman, i will retire from the firm at the end of the year. told: bloomberg has been that th

blackrock and franklin templeton have come out in gold's defense.ment of franklin's gold tund fund said prerble metals could rebound. let's go to david with our bloomberg opinion team. i got to ask about gold. what's your sense, safe haven or not? buying opportunity? >> well, i think there's a tendency whenever something alarming happens in the market to assume gold must climb because of the safe haven demand. but i think it's not quite as simple as that because of course the classic thing anyone who is trading gold is it's affected by the u.s. dollar. that's the greatest safe haven of all. look at the second half of 2008. gold during that period fell about 5% despite the start of the global financial crisis. or look back to something more similar to what we've got now, the 1997 financial crisis in asia. where spot gold of course fell substantially in u.s. dollars. tokyo gold rose a fair am. it was really very much a dynamic relationship to what was happening with the u.s. dollar. i think one other thing relating to that is when you think about what

the picture of what you guys in franklin templeton and goldman sachs, a lot of investment houses, arew it is time to get back in. compared to u.s. stocks, this is compared to 16 years, 2002, more than $7 trillion worth of emerging-market equities falling to their territory. bearhing is, -- falling to territory. you still have rising u.s. rates and shrinking liquidity and the rising u.s. dollar. does that mean that it is kind of like catching something falling? think the well, we big picture story is great, actually. you mentioned rising rates, and that is affirmation of the strong economy rather than something that derails the story in and of itself. we're still seeing good flows into this asset class, and as you said, these are cheap assets, so rather than worrying about what happened in the next week warm-up, if we look at the big sure, it is fantastic, and i think we should look at that. the dollar?about what assumptions are you making about its strength or weakness, as the case may be, and what thet the factors regarding demographics being positive? alexander: well, you are right

two soldiers were airlifted to a hospital in templeton.n exercise that trains army reserve and army national guard soldiers. (grant) facebook says its going to start taking down misinformation that could lead to violence. the company's new policy will begin in sri lanka...and later expand to myanmar. in both countries...human rights groups have faulted facebook for an inadequate response to hate speech and the incitement of anti-muslim violence. the announcment... comes after facebook ceo mark zuckerber sought to clarify remarks he made about holocaust deniers in a recent interview. zuckerberg had said facebook posts denying the holocaust took place...would not be removed automatically. (vicki) in the south bay... a man has been arrested after investigators say he defrauded immigrants out of thousands of dollars for fake services. kron 4's lydia pantazas is in san jose with the details. the santa clara county fraud unit is looking for more victims after arresting a man for providing fraudulent immigration services. gerardo duenes previousl

. >> right to have temple back back templeton is only at 69. obviously people are short at the airlines, because people expected the numbers had to do down yuan nig united putting up some incredible numbers oil's down again so maybe we're building in and our model's too high a price for oil obviously has hurt these guys quite a bit >> does not appear to be a reaction, at least the kudlow's comments regarding china that i can see in the marketplace boeing the up, honeywell, gtx. boeing airplanes, those are key considerations are up. >> look, you can argue on the one hand, that people are just saying, listen, the fundamentals are good, so it doesn't matter the new thesis i keep hearing is that the chinese are going to play some are arguing that xi will fold. >> i have a question about what constitutes a deal for us. if they gave us requiring you to establish a joint venture in the company. where is the line. stealing intellectual companies or borrowing it through these joint ventures, the things we have been talking about for years, that are anti

texas instruments says chairman rich templeton will take over as president and ceo for an an indefinite shares of texas instruments are up nearly 11% this year. it looks like the glitch that kept a lot of people from shopping during the first few hours of amazon's prime day didn't hurt amazon too much. amazon said sales in the united states wering bigger than ever before. e-commerce operating systems estimate that by yesterday afternoon amazon sold $3.4 billion worth of goods. amazon, well, they haven't said what caused the platform problems in the first few hours. shares of amazon are higher in the premarket. jeff bezos is even richer. another job is being taken over by robots. a san francisco gas station has a robot as extra security to watch people at the pumps. the high tech crime stopper has four cameras to scan and record what's going on around it but it won't be chasing anybody down. its top speed is 3 miles per hour, that's about the same pace as a person who's walking. whatever happened to dine and dash? where the fun of being a teenager anymore? back to you. maria: it's intere