and what strikes me is how tepid he's been in support of this.rt really pushing for extension of this program? he has long expressed doubts about it. >> tepid compared to what he's been doing on trade which is one of his top priorities. he's been making phone calls and talking about it publicly. thisls has been a much more cautious andn tepid pr strategy by the white house. they want this renewed. they think the bill that the white house passed is aus compromise in having theo telephone companies keep the data as opposed to the government keeping it but it's inherent leanne inherently an uncomfortable issue for then president. it just doesn't sit well. it's not something that he really feels comfortable with. >> it's hard for this president to put on his big boy pants and deal with national security. >> what is that?ut i mean the issue here is a fight between republicans. do you think the president lobbying the senate is going to make rand paul come to the table? they haven't been able to get that to be an issue because that's why we are facing t

this has been a much more cautious, as you say, tepid pr strategy by the white house. they do want this renewed. they do think the bill that the house passed is a compromise in having the telephone companies keep the data as opposed to the government keeping it. this is inherently an uncomfortable issue for the president, when you look at things he said when he was running as a candidate. the programs he kept in place when he was president. it's something he doesn't sit well. >> it's hard for this president to put on his big boy pants and deal with national security. >> no it's not. the issue here is -- is a fight between republicans. do you think the president's lobbying the senate is going to make rand paul come to the table? we thought that was mitch mcconnell's job, i thought. >> there will be a vote on the house-passed bill. i don't think there's much doubt about that. mcconnell is trying to get all this started -- >> before or after the deadline. he had a house problem because a majority of republicans voted against -- >> i get that. that doesn't mean he hasn't b

jamie: he shows a few more heirlooms and gets same tepid response, and then he unfolds his old texas map. jamie: what happened then? >> you could tell his demeanor changed, his face lit up. he was very excited. jamie: what is your heart doing? >> it beating very well. >> what had been sitting in the attic all this time? >> i had never seen one before, i don't expects to see one again. jamie: that is next. >> our "strange inheritance" quiz question. which warsaw the most combat veterans go on to b become u.s. president? kellogg's® frosted mini-wheats®... 8 layers of wheat... and one that's sweet. for the adult.... and kid - in all of us. (supergrass' "alright") (plays throughout) ♪ kellogg's frosted mini wheats® feed your inner kidult... >> which war sea most come about what the veterans go on, c, sift civil war. 5, grant, hayes, garfield, harrison and mckinley. jamie: in birmingham, alabama, may, 2013, patrick martin visits a traveling appraisal fair, hoping some of the old artifacts can payoff his growing debt, not going well, untilly pulls out an old map of texas. >> i had seen thi

jamie: he shows a few more heirlooms and gets same tepid response, and then he unfolds his old texas map. jamie: what happened then? >> you could tell his demeanor changed, his face lit up. he was very excited. jamie: what is your heart doing? >> it beating very well. >> what had been sitting in the attic all this time? >> i had never seen one before, i don't expects to see one again. jamie: that is next. >> our "strange inheritance" quiz question. which warsaw the most combat veterans go on to b become u.s. at red lobster's create your own seafood trio... ...if it looks tasty, you order it. choose 3 of 9 dishes for just $15.99. like baked lobster alfredo. brown butter shrimp scampi. and soy-ginger salmon. hey, this is my plate. get yours while you still can. yourfull of advice.lways usually bad. so when ron said you'd never afford a john deere tractor, you knew better. the e series. legendary quality. unexpected low price. and sometimes i struggle to sleep at night,nd. and stay awake during the day. this is called non-24, a circadian rhythm disorder that affects up to 70 percent of

i have to say what strikes me is how tepid he has been in his support of this.his heart in pushing for extension of this program which he long expressed doubts about? >> when you compare to what he's doing on trade, one of his top priorities he's been making phone calls to the hill out talking about it around the country. this has been a much more cautious and as you see tepid pr strategy by the white house. they want this renewed and do think the bill that the house passed is a compromise in having the telephone companies keep the data as opposed to the government keeping this. this is inherently an uncomfortable issue for the president. when you when he became president it doesn't sit well. it's not something he became comfortable with. >> it's hard for this president to put on his big boy pants. >> the issue here is its a fight between republicans. do you think the president lobbying the senate is going to make rand paul get the people? that's why we're facing this one, isn't it? >> there will be a vote on the house passed bill. i don't think there's much dou

our next guest says interest is tepid.has reduced the buzz for the new product. steven melanovich is an analyst with ubs. so okay, didn't apple want to reduce the buzz and demand because they couldn't fulfill the orders and maybe the fact that you can't actually get delivery on this thing for several weeks is causing people to sit back? how do we know that things won't rocket back once apple has supply of the watch? >> well they might very well. and clearly supply is having some impact on demand. but our ubs evidence lab archle watch monitor is finding that the google search interest if you will, in the watch, is only about 20% as much as the original iphone and ipad. and we also tracked it versus 30 other consumer electronic introductions over the last decade. it's also lagging those. not only is it lagging, but it's actually kind of deviated down in the last two weeks. so it's gotten weaker as we approach launch. now that could very well change once we get more supply in the market and we are still bullish on it longer-t

defensive goal tepiding is called. they review it. offensive goal tending. clippers get the win. >>> capitals-rangers. let's bring in barry melrose. oh you don't get barry melrose. touched everybody. we're going to o.t. look at the hit in the corner there. the rangers thought there would be a penalty right there. there wasn't. look at 8, ovechkin behind. no look pass. joel ward. scores. barry said he thought ovechkin had one of the best games he's seen him play in a long long time. it was a long long night for rangers fans. capitals beat them 2-1. game two saturday at the garden. linda cohn will be there. >> she should be in goal. she's really good. >>> up next in "the pulse." trying to copy hooters' success. there's a male version of the restaurant. >>> and 1,000 feet of fun. the slip and slide heading to a city near you. tologist prescribed enbrel. i'm phil mickelson, pro golfer. enbrel helps relieve pain and stop joint damage. i've been on the course and on the road. enbrel may lower your ability to fight infections. serious, sometimes fatal, events inclu

the tepid response of the government's response to cushion the slowdown. a no-show yesterday.ore being suspended. this came as shares tumbled 47%, out billions of dollars in market capital. they became the world's largest solar company. guilty topleading currency manipulation. ubs admitted a charge and was granted immunity because they the first to cooperate. they have been fined to just under $6 billion. we just got the close-out for the morning session in tokyo. here is david. david: thank you. as we head into the lunch break in tokyo, 20,282 is the level for the neck a. -- nikkei. get toy luck, we will the peak of 1989 or 1990. bubble burstpre- beat. the glass is either half full or half m.d.. -- half empty. you are getting a lot of good forecast out of japan. five acts and so forth, special dividends. 16% up. the story here is fairly interesting. forecasts, they are looking to get back into yen. butn't of the details, perhaps we are looking at non-core business gains. realized assets, so on and so forth. precision, the newspaper reporting the engine maker got a big order.

tepid. does the new mediocre extend to the u.s.? mcdonald's is ms, shake shack is the burger of choice. this is bloomberg "surveillance," live from new york. i am tom keene. with me, brendan greeley. brendan: there was a summit this morning. they had a lot of things to do. i think one arab leader is at a horse show. tom: have you been to camp david? brendan: i have never been invited to negotiate. tom: the president leaves the white house at 10:00 a.m. that is there a and -- that is their definition of all-day. brendan: if you bring someone to camp david, you expect to get something done. tom: in our next hour, stanley mcchrystal. an interesting book about lessons in iraq. we will give him some tough questions versus some of the wet kisses out there. top headlines. >> good morning. investigators hoping the fatal amtrak crash -- investigators want to know why the train was going so crash. the crash killed seven and entered more than 200. the ntsb has determined the train was traveling twice as fast as it could have been. >> the autho

this has been an economic recovery that has been marked by at best, tepid growth.since president obama took office, the economy has grown at an average rate of 1.8%. 1.8% the historical average for recoveries in excess of 3%. >>> we're coming right back with much more here tonight. stay with us. . >>> the clintons embroiled in yet another scandal. oh, that bubba. this time a czech supermodel paying bill half a million dollars just to show up at a charity event. republican strategist ed rollins on all that and much more. >>> and amazing video of a rescue in texas. the historic flooding there so bad, even the rescuers need me where'd you ever learn ♪ ♪ to fight without saying a word? ♪ ♪ then waltz back into my life ♪ ♪ like it's all gonna be all right ♪ ♪ don't you know how much it hurts? ♪ ♪ when we don't talk ♪ ♪ when we don't touch ♪ ♪ when it doesn't feel like we're even in love ♪ ♪ it matters to me ♪ ♪ when i don't know what to say ♪ ♪ don't know what to do ♪ ♪ don't know if it really even matters to you ♪ ♪ how can i make you see ♪ ♪ it matters to me? ♪ [baseb

we want to take a look at some of the top stories making headlines -- tepid economic growth in the unitedhas one of the world's most recognizable economists worried about a downturn. mohamed el-erian told charlie rose he was worried about the slowdown and recent reports showing weaker than expected retail sales. run don't believe you can the american economy for another five year's at this slow speed. something is going to break. we are you are going to tip into a much better world or we get even lower growth and get what janet yellen and others are worried about -- financial instability. the u.s.went on to say needs a 60's styled moon project to spark a new run of economic growth. more recalls because of those faulty airbags. today, honda, the company hardest hit by the problem, recalling 19 million vehicles. crash inooking indianapolis -- but the driver walked away unhurt. the brazilian driver hit a wall and his car flipped. practicing for the indianapolis 500 10 days from now. he is a three-time winner. those are your top stories from the global resources of bloomberg news. in the last

will carry out this recovery forward and make it last longer than others because of its relatively tepid pace what do you think? >> look at the reagan recovery it was as long and it had numbers twice as big reagan had the economy growing at more than 4% a year he came out of recession that was deeper than the obama recession. obama trying to sell the world on the notion his presidency has faced challenges no man faced. the reality is unemployment peaked at 8% for reagan 10% for obama. reagan turned around and put it in the hands of private sector and the economy grew at 4.5% a year. mr. obama shackled the country with regulations, mettled in social program stimulated in every way conceivable and possible, and accomplished 2.2% growth. neil: when it comes to convention time, whether they nominate hillary clinton or somebody else they'll go back to the numbers in the middle of the meltdown when democrats took over the white house and point to the improvement and point to the fact the markets have doubled and whatever they will be by then and the economy is off the map, whatever it will be

now that is really very tepid stuff. nike, you see, employs 6,000 employees in this country. its contracts overseas have more than 1 million workers. nearly all of them in asia. part of nike's original value proposition was founder phil's view that it could manufacture shoes at a lower cost by outsourcing jobs and offshore production. nike found that a third of its manufacturers in the year 2013 didn't meet the company's minimum standards. hours and wages the main problems. yet president obama is holding up nike as an exemplar of why congress should grant him fast track trade approval. president obama: i don't have any other rationale for doing what i do than i think it's the best thing for the american people. and on this issue on trade, i actually think some of my dearest friends are wrong. lou: well, regrettably our president seems to believe that he can still ignore the consequences of any deal, particularly this trade deal and as is his habit, simply acknowledge he has no rationale doing whatever it is he does just because he thinks it's best. he has no answers as to why

this has been an economic recovery that has been marked by at best, tepid growth.since president obama took office, the economy has grown at an average rate of 1.8%. 1.8% the historical average for recoveries in excess of 3%. >>> we're coming right back with much more here tonight. stay with us. . >>> the clintons embroiled in yet another scandal. oh, that bubba. this time a czech supermodel paying bill half a million dollars just to show up at a charity event. republican strategist ed rollins on all that and much more. >>> and amazing video of a rescue in texas. the historic flooding there so bad, even the rescuers need olves a czech supermodel. we've been waiting for, this haven't we. the "new york times" reporting former president bill clinton needed a little coaxing apparently before accepting a lifetime achievement award from the happy hearts fund. the former president agreed to an appearance at the event only after charity founder petra nimkova offers the president, the bill, hillary and chelsea clinton foundation a half million dollars. there was a time that

fifa for a very long time and the sponsors have usually more or less fallen in line or issued some tepidsee some words from some of these sponsors. visa saying profound disappointment. european soccer is part of the company's brand identity. they are saying we expect our partners to have very high ethical standards. we need under transparency. bit by bit you're seeing tougher words from these sponsors. jonathan: great to have you on the show this morning. i know francine lacqua will be talking about this subject throughout "the pulse." i want to bring you some breaking news. a referendum on the e.u. membership is possible in 2016. a group of officials including the bank of england wanted a little bit more clarity on the timing of that e.u. referendum. it could be possible in 2016. we'll bring you more details on that throughout morning. as when he had to breaking here is a picture of the markets for you. the optimism around greece was it misplaced? the cac 40 in paris up by .6. the shanghai com. look at that move. 6.5% lower this morning. through the day. big move on the shanghai comp. w

x zero for rand paul ohio think got a very tepid response to his long winded speech about surveillancend little out of step on those issues right now. i don't think he is gaining the traction that he might have seemed to be headed for about a year ago. so i didn't put anything on him and spread the rest out among the field. >> all right jason? >> i'm putting 40 on rubio. i think he maintained the momentum since he entered the race and to the extent that foreign policy tends to be out there. i think that plays to his strength and he will keep it up. i think jeb has stumbled, self-inflicted which are the worst kind not being ready for questions which he knew were coming. i put him at 35. still 20 on walker. still polling well. more depth on the issues. he is getting there i'm putting 5 on rand paul. i still don't believe the republicans are going to nominate someone to the left of hillary on national defense. i don't think that's going to happen. but he is polling in the double digits in several polls, including the "wall street journal." i'm going to give him 5. >> we are almost out of

retail sales, at least the first quarter, have remained tepid.lining gas prices. target emphasis is on apparel, on home, beauty. do you feel like the consumer is as weak or tepid as some argued? >> i can only speak for our business. we are pleased with results. you saw our most recent q-12 announcement with strong sales and digital growth. we believe we are consistently growing our digital business at 40% and believe that will continue the next few years. we are pleased with our performance and see it only getting better. >> is the emphasis for you on price or selection and convenience? because it's been argued amazon is emphasizing price less and less to the advantage of competitors like a best buy. >> target brand promise, expect more pay less in a target experience. whether that's in store or online, that is our focus. that's how we build our relationship with guests. >> should i expect to get the lowest price at target or is it more about getting brands, getting a lilly pulitzer i can't get anywhere else? >> it's a combination. we are focused

this has been an economic recovery that has been marked by at best, tepid growth.since president obama took office, the economy has grown at an average rate of 1.8%. 1.8% the historical average for recoveries in excess of 3%. >>> we're coming right back with much more here tonight. stay with us. . >>> the clintons embroiled in yet another scandal. oh, that bubba. this time a czech supermodel paying bill half a million dollars just to show up at a charity event. republican strategist ed rollins on all that and much more. >>> and amazing video of a rescue in texas. the historic flooding there so bad, even the rescuers need rescuing. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24, a circadian rhythm disorder that affects up to 70 percent of people who are totally blind. talk to your doctor about your symptoms and learn more by calling 844-824-2424. or visit your24info.com. don't let non-24 get in the way of your pursuit of happiness. . lou: the latest clinton foundation pay for play scandal now invo

defending her citing free speech, but alumni and some students expressed outrage at the university's tepidjohn phillips, we have seen a dearth of free speech protection on college campuses across the country. why are they poneying up under the free speech umbrella now? >> with that many racist tweets she's angling for a show on comedy central. >> so are you, apparently. [ laughter ] . >> yikes. kennedy: i mean, this honestly for the people they know who just completed college, it's really outdated. this kind of racial vitriol is outrated. >> i don't think it's outdated. obama exemplifies this attack on masculinity with hatred of america being stronger than other countries. she's saying she hates masculinity. better than other people, things associated with the right. they are very much condemned by the left. kennedy: she talks specifically about white masculinity. what is the problem you have with, this gavin. the fact she's talking about men or white men. >> i mean ones, what's the matter with white males didn't we end slavery, create the industrial revolution, invent cement, and the coll

hsbc launching a tepid response, and attempt to cushion the slowdown.of the biggest banks admit drinking the markets. attorney general loretta lynch says it was a brazen display of collusion. and china's most popular mobile messaging service preparing -- follow me on twitter. don't forget to include the hashtag. >> let me start off with the aussie dollar. a little bit of a miss. contracts and. -- contractions. that is where the pain is being felt. the rba citing the weakness in the property sector in china. not a lot of reaction there. even with the equit

even though we have an economy that's somewhat tepid but still moving up we tend to think the bridgestill falling down. i think this is going to be a big part of the '16 campaign and the dialogue that every american has to be a part of in trying to figure out how we get back on our game again. have the feelings that things are working again. this polls shows that. gerri: i'm not sure that the economy is all so hot. dan, the wall street journal talks about how strong the economy is. what's your analysis? j it has not >> it has not been strong. it has been around .3% in the first quarter of this year. way below the historic growth rate. in that situation, no question people have been feeling that people are feeling that things aren't quite right. they know people that are out of work or have stopped looking for work. it feels to a lot of people like a recession. gerri: i think that's absolutely true. the view from the kitchen table, i think that things ain't so good. dan and adam, thank you for coming on the show. appreciate it. >> thank you gerri. gerri: coming up, a new health concer

every time the tepid growth takes place, the fed is saying we've got to keep going. and it actually has the opposite effect of what their intentions are. we're in this weird dichotomy where the fed policy is creating bad behavior in washington, d.c. debt service today is lower than it was four years ago. how could that be? we doubled, 250% rise in the debt. debt service is lower. well we've -- treasury has shortened maturities. 60% of debt comes through, i think, at 4.5 years, something like that. and interest rates in the low end, the low side of the maturities is next to nothing. of course. basically the net result of this is -- they complain that washington's not dealing with the structural challenges we face. i would argue that they're enabling bad behavior and not forcing the conversation we need to have which is how do you fix the things that impede real economic growth. if we were growing at 4% per year if we had an open kind of society where our tax code wouldn't create $2 trillion of cash overseas but did the opposite, imagine a tax code that created inversi

if it's going to be tepid, that leaves -- that means the fed won't be raising rates anytime soon. why don't you think we got a rally on the weaker than expected retail sales number? that's not going to help inflation expectations. >> no, it won't, bill and that's very good point. there's no real serious catalyst to move the markets. traders don't know what's happening. we've seen conditions this narrow, six times in the last 20 years. >> what do you mean by narrow jack? >> well talking to keith. >> sorry. what do you mean by narrow? >> volatility over the last 50 to 60 days has been within one standard deviation, we haven't seen that except six times in last 20 years. the good news is that's like a spring being coiled up. i call this ano-brainer market that's what people should be buying, stuff that's not going anywhere even if comes under pressure, energy defense, oil, infrastructure ironically enough, that's are where smart investors are going to make thash their move despite the conditions. >> jack, since i invoked your name, do you think people are sitting out the market becau

they were, you know sort of tepid about it but they actually fought side by side with us.now we're in this puzzle of we've gone iranian forces sunni forces iraqi forces and some american forces advising. >> 80 miles down the road from ramadi is baghdad. and so i have talked to so many generals who say, you know, it's not as vulnerable as people think it is. you know that isis would love to fly the black flag above the embassy there. how vulnerable do you think it is especially when so much effort is placed on maybe not beiji as much but ramadi? >> you know, nobody thought ra ramadi was completely vulnerable. it was a little vulnerable because it was out there. it's at that convergence, on the lines of communication of syria and jordan. but baghdad is vulnerable if isis continues to push and they're able to synchronize their combat power better than we're able to help the iraqi army and coalition partners synchronize our combat powers. it's really a chess match now. the real issue is does isis want baghdad? >> why would they not? it's all about establishing a caliphate, rig

and we saw tepid guidance from that last name. hence that stock dropped 5% today. i found myself wondering if cyst coisn't beginning to blunt their sales with its new products. and i think they have better momentum than hume. an issue for me. finally, foot locker dear and campbell soup. foot locker nike. dear we had a downgrade this morning. major research firm taking the stock from hold to sell talking about how farmers are in dire straights. let your stock come in. i found the logic of the downgrade compelling. campbell's saup is mm mm salty in cans and stuff like that. they have got to do it fast. i can't believe it hasn't acquired white wave or crane's selection given how it's farms business is doing i happen to like their salad dressing otherwise cam belle's it doesn't have the horses. here's the bottom line we need to see if the rotation has already taken down domestic stocks to the point where they are too cheap with next week's jam packed schedule of retail earnings i'd say we are going to find out real soon. how about we go and talk to camille in colorado.

so tepid economy is keeping earnings growth weak and multiples are rich. think argument that is, stock prices can go a lot higher is a difficult one. liz: okay. but there is always an argument for picking solid names, charlie. you have a list of them. what is the common thread here when looking to add something to your portfolio? there is a high bar there, isn't there? >> you're looking for a company that is demonstrated profitability, better than its industry with some sort of a tailwind at its back. one of the names we like is honwell. it has got three or four different industries where it is big, where the sort of the macro tailwinds are good. aerospace, for example. you know airlines were crushed today on expectations that there might be new capacity from the middle east with, in middle east has been one of the biggest buyers of airplanes the past 10 years. david: let's keep it on contrarian plays, mark. i love this one. i didn't realize england privatized it postal system a while back in 2013 and it went public. you think it is a good bet now. why? >>

had a much lower unemployment rate is you've not had wage growth and this report showed very very tepid wage growth if any at all. so you have had some dramatic headlines, mcdonald's, target raising the minimum wage but on the whole people are not getting paid more even as they are getting jobs and the fed is looking at that as much as they are looking at anything else. >> all right thank you, zachary, for breaking down the numbers for us and the take away. we appreciate it. >>> i want to bring you some live images right now here in new york city, long island the funeral for brian moore, the new york city police department officer killed in the line of duty almost a week ago today. you see the dozens of police officers lined up here outside in long island with the motorcade coming in as we understand, the casket just went inside for the was services here. he was shot last week with a gunman fled after shooting him in the head and a short time after he was declared dead. keeping an eye on that here on msnbc. . vo: after years of being treated like she was invisible it occurred to mindy s

allow americans to solve problems, is a lack of leadership in washington for sure, but it's also this tepidconomic growth. we're growing at 2%. everybody accepts it. it's this new term. i read about it in "the national review" for the record. it's called the new normal. the new normal makes me nauseous. because the new normal will redefine america in a really bad way. 2% growth compounded out, we'll be overwhelmed by our entitle am programs, we'll be overwhelmed with crumbling infrastructure and the lack of commitment to reserve and development. 4% growth is what we should be achieving. so tax reform and regulatory reform embracing our energy revolution in our midst, reforming our broken immigration system, and fixing the structural deficits we have related to our entitlement system, is how you get to 4% growth. that should be the focus. rich: scott walker has kicked up a bit of a fuss over the next several weeks. jeb: you're trying to get me in trouble. rich: of course i am. he said that, when it comes to legal immigration, the first thing we should think about is what effect immigration h

economy started to recover from a tepid first quarter. housing construction surged last month.much more hawkish in a speech on friday. saying it will not curb lands for a rate . angie: it is 9:30 in tokyo. expected trade deficit. in hong kong, alive you for you. there is no trading here today. on tv and online, you are ."tching "first up ♪ top stories this hour, japan's trade balance back in deficit and not as badly as forecasted. exports to asia and the u.s. surge. a $440 million deficit last month compared to a $7 billion shortfall one year ago. in march, japan registered a surplus. creditors must compromise on its debt. at the same time, a senior government says it doesn't have the money to make the $330 million payment to the imf. prime minister alexis tsipras says greece cannot absorb austerity measures. thechairman of -- says company will fall by going on the stock. hanergy increased. they plunged two days later and the stock was suspended. markets in the asia-pacific, it is buddha's birthday holiday in hong kong, but in japan, faye are in the thick of the action. first d

defense basically as i tagged along, person who did this really was my dead brother, and the defense is tepid because it's really saving all of its ammunition for the penalty phase, a risky juncture, i don't think it was wrong in retrospect for her to do done that. there's little else she could have done, but, yes, this is the government triumphant. the woman -- look at this, this is what we pay the government to do. this is a core function of the government. liz: hold osorry to interrupt. we're looking at members of the press. somewhere exiting. we are receiving word that the judge has just given a real verbal attaboy to the jury. the judge in this case told the jury they performed their duties with grace and they stand as real examples to future juries who are in this very difficult situation as real examples. so it's nice. their lives are changed. we should mention that the judge said due to the way our rules work, eventually the jurors' names and their addresses will be made public at some point. we can only hope that people use that information fairly and properly. more members of the me

tepid. >> ino, i don't think this is such a dangerous environment.you look at the danger signal, the vix is below 13. everyone is saying all this volatility. >> move until it gets dangerous and then a massive selloff. >> we had a below 20 vix the whole recovery cycle as the stock market moves forward. continues to do well for a very long time here. >> there's not a savings. i mean the lack of demand after the rate recession was so big that all this money printing was actually needed. and everything that all the central bankers have done. >> i don't think so at all. >> that's what worries people. is there a dislocation? even michelle she's very cosmopolitan. >> yeah. she reads ft first. >> so draggy finally saying and, i say that when our fed talks about things like this they use pig latin. won't talk about dislocation. >> he acknowledges that there are tradeoffs. negative tradeoffs from quaint quanitative easing. >> a lot of us own stocks. >> i think the risk is if you print money that gets put to use. the reality is banks are not making those loans

the nation's retail sales are tepid. does the new mediocre extend to the u.s.?s the burger of choice. this is bloomberg "surveillance," live from new york. i am tom keene. with me, brendan greeley. brendan: there was a summit this morning. they had a lot of things to do. i think one arab leader is at a horse show. tom: have you been to camp david? brendan: i have never been invited to negotiate. tom: the president leaves the white house at 10:00 a.m. that is there a and -- that is their definition of all-day. brendan: if you bring someone to camp david, you expect to get something done. tom: in our next hour, stanley mcchrystal. an

charles evans clip you played, the federal reserve resident from chicago, it really underscores what a tepidne: tom, i look forward to "surveillance" starting in 25 minutes. angela merkel is seeking an emissions system coming out of the climate summit in paris later this week. a number of institutional investors say they are taking a second look at certain companies due to climate change concerns. here with us is gregory elders. >> nordic institutional investors are selling out of companies at risk for climate change, coal oilsands. they believe the growth scare is -- the risk is too great. francine: one of the companies that will be targeting? greg: in the u.s., peabody consol energy, oilsands, frack are's like eog resources. the swedish national pension fund says the risks are two great going forward. francine: this is a big year for climate change. the essential talks in paris are talking at the end of this year. more shareholders more it's a too shall investors are saying hold on. i'm not going to buy that coal miner if it doesn't look at carbon emissions. greg: what we have seen a share

stephanie: tepid economic growth in united states has one of the world's most recognized economists worriedexpected downturn. he was concerned about the slow pace of growth. recent reports are showing weaker than expected retail sales and the first quarter gdp growth at just 2%. that has given him concern. >> i don't believe you can run the economy for another five years at this low speed. something will break. we will tip into a much better world or we will find that we get even lower growth. and then financial instability. stephanie: he believes the u.s. needs a 1960's style moon project to spark a new run of economic growth. erik: that makes me think about the dollar. investors are not in love with dollar anymore. dollar is down again today to its lowest in four months. michael mckee says the big move is a big deal indeed. michael: a strong dollar can be a good thing sometimes. when it goes up as fast as our dollar did, that causes all sorts of problems. from july to the middle of march it went up 16%. we have not seen a move like that in decades and it has major impacts. it pushed down

there is a long history of the sponsors not saying much are coming out with some pretty tepid statementsbrendan: thank you. taking a look at all of fifa's sponsors which will go to a very nasty p.r. problem. tom: i want to go to you two. you are fifa experts. all of our audiences in america are saying, we do not care. do you have any idea that games were rigged. i want you to talk a soccer fans. i am not asking for a fact. but in the bars you go to when italy plays. is it like figure skating where you go the judges are terrible. is it garigged at the field level? alessio: the one world cup were i felt there was suspicious sequence of games was in 2002 when one of the host countries, south korea, illuminated three big nations such as portugal spain and italy in a row. tom: you are in brazil. brendan: i was in brazil for a nasty decision which i feel was the wrong one -- when he flopped against mexico. mexico lost. i think the one thing we know about fifa is they have insistently declined to introduce basic technology in american sports -- which is the instant replay. it is so obvious on t

. >> she has a very unique and genuine balance of loving her kids to tepid but yet being that tough loveeporter: they all remember when the track team won the state championship. mom won along with them. >> the look in her eyes that day. i will never forget. that was my paycheck as a coach. >> reporter: struggling to make ends meet karen has always put others first with quiet acts of kindness. her elderly hair salon clients who can't drive, she picks them up. her son's friend's expensive car repair paid for by karen. she protected her daughter through a terrible bullying crisis in high school. >> my mom gave me the confidence to not let people bring you down. >> reporter: a mother's ultimate gift. listen to her youngest. have she would always call me her sunshine because, when i woke up i brightened up her day. that's kind of how -- my mom just -- showed me unconditional love. i guess. and my friends. their mom will you know they can go and do anything they want. they could leave if they're in town and their mom didn't care. my mom, i couldn't hardly get out of the house. she didn't want

tepid interest in the apple wash, that's ubs today, but it raised estimates for iphone sales saying apple share, so kind of a mixed picture for apple. tim cook did take the opportunity to give a quick plug over the weekend when he addressed the graduating class at gw. have a listen. >> they asked me to make a standard announcement. you have heard this before about silencing your phones. so those of you with an iphone just place it in silent mode. if you don't have an iphone please pass it to the center aisle, apple has a world-class recycling program. >>> for more let's bring in steve milanovich the author of this report. why do they says they botched -- that was your word -- the apple watch launch. >> we have lowered our numbers about a week ago to $31 million, but today's report is a global smartphone, almost 9,000 consumers in six countries around the world probably the largest survey and it's finding that apple continues to be extremely strong. the stickyness is very clear and it's china china china. we're finding that -- and we're also finding apple watch interest is highest in china

that tepid jobs report. one thing of note in the bond market the treasury yield curve

it was kind of a tepid endorsement. >> a bit.er candidates were, he was pretty well informed. what i think it tells you is there's actually more interest in this election than we think. we know we're interested in it because we're engaged and we're in it's, viewers are obviously -- television and viewers are engaged. i think the rest of the world and social media and millennials and ja rule's fans are engaged as well. stuart: he is a celebrity. i know that name. and what did he think about the political goings on of the day. >> yeah. stuart: and that is an interesting level of interest in the forthcoming election which we don't know about. it's not the pundits saying something that's picked up. no, this is a celebrity picked up on social networks, and you did it. >> for that in particular. and he said a lot of other things in the interview that could have gotten traction. we asked him about baltimore, he has a new credit card that's out, but people seized on the idea of who he was backing in 2016. to me it says that they're talki

that tepid jobs report. one thing of note in the bond market the treasury yield curve between the five-year and the 30-year is now the steepest we've seen since last november. something we'll be talking about coming up. >> the first thing i noticed is the level today, 2.6%. some big moves over the last couple of trading sessions. all of that coming up, also making big move zillow the real estate upgraded. should you make a bid on this hot sale? or is it actually time to sell? >>> plus the new king of saudi arabia numbering president obama by cancelling plans to visit the white house this week during that summit meeting at camp david. coming up former u.s. ambassador to saudi arabia robert jordan comes back to us. he'll tell us whether this is all over the nuclear negotiations with eye ran. this new king. he's his own man, that's for sure. >>> the dow jones industrial average giving up some of its gains, down 100 points now. half of 1%. the s&p down 11. the nasdaq also down 11. and, bill can't comfortable bre

we also got tepid growth out of italy. 0.3% quarter over quarter. the ftse mib trading at 23,657 down about .4%. more mixed messages on the developing situation in greece as we were just telling you. imf chief has warned a grexit could be possible as the country struggles with it's debt burden but it would not mean the end of the euro. meanwhile the greek government says it hopes to wrap up cash by sunday but the eu dampened hope saying some issues remain unresolved before the final 7.2 billion euros in loans can be released. steve is still at the meeting speaking to leaders on what they think the fate of greece's financial situation will be. what do you think? will we get a deal by sunday? >> i tell you what i think. these are possibly going down as the worst set of negotiations in the history of the euro. we have only had a euro for about 15 years or so. i just read how plit the creditors are with each other and actually an unnamed government source from one of the euro zone creditors apparently blaming the commission now for muddying the waters.