markets and the american economy? >> the first that it will do as it will put upward pressure on u.s. bond yields. most of the ups and downs in the treasury market has been about the term premium. the term premium goes down as risk appetite comes down. and it goes up as you have more -- tom: the deal going up can be a positive sign of the american economy? neil: it is largely risk on, risk off traits. no, general he i agree with you. absolutely, guilds going up as a sign that things are getting better. more growth in the u.s. economy. while we may have a relief rally now, i do worry a little bit about the u.s. equity markets. at the end of the day, the economy is improving.

the answer lies in the factors that make the american economy tick. can begin with a simple comparison. this is one of the best refrigerators made in 1930. both it and the latest models make ice, preserved food, and he things cold. which one would you rather have in your kitchen? >> this one, naturally. it is better, of course. >> we won't do it better so we make it better. >> it is not just true of refrigerators. >> -- want it better so we make it better. >> it is not just refrigerators. look at what is happened to the rest of the house. attractive bright bathroom fixtures. our tools. -- power tools. the car is two tone with power steering an automatic transmission. this will be a two-car family before long. obviously these joneses are a well-equipped and up to the minute household but are they so unusual? like millions of middle-income americans, mr. jones dresses well, owned life insurance watches baseball on tv, and plans a vacation in the family car. like many housewives, mrs. jones gets her hair done every two weeks. she likes the same time prod

now, the federal reserve has said that there are signs that the american economy is picking up again uring this current quarter after the weakness we saw from january to march. that maybe helping stock markets. we are seeing gains on american stock markets with a little bit less than 14 minutes to go of this trading day. a recent batch of economic data there was optimism that there will be a greek debt deal. the dow jones industrial average up about half of 1% this hour, the nasdaq performing very similar to the dow jones industrial average, and the s&p 500 up about 3/10 of a percent. we also saw a pretty upbeat mood in the market this session. with, of course, the focus on greece and an index up nearly 4% at the end of the trading day, and investors also digested the most recent policy-setting meeting at the european central bank. the european central bank at decided to keep its benchmark interest rates at the record low , which was largely expected there by investors. let's move onto some other market news now. saudi arabia signaling it is not ready to bow to pressure from other ope

about three large trade-related bills all tied together and could have a massive impact on the american economy, jobs and how much you pay for consumer goods. the president getting the cold shoulder from his own party. even the profit -- president seemed nervous in hopes to sway the on-the-fence democrats. president obama: i don't think you nail anything down around here. scott: that after courting them 12 hours earlier showing up at a congressional baseball game. but in the end, he struck out. >> to is surprise of very few another procedural snaff few emerged. scott: the democrats defect and shot down the trade assistance program to help 100,000 americans a year who lose jobs. cut to medicare to pay for it they said were unfair. then another surprise. republicans pushed on with the trade promotion authority bill that would pave the way for the new deals with 11 asian nations opening up critical new markets for american products. while it passed -- >> great day. >> terrific. >> very happy. scott: democrats felt railroaded. >> the republicans strategically put that out there and then contrary to

the answer lies the factors which makes the american economy tick. can begin with a very simple comparison -- this is one of the best refrigerators made in 1930. both it and today's latest model make ice, preserve food and keep things cold. which one would you rather have in your kitchen? >> this one, naturally. >> why? >> it's better, of course. >> we want it better, so we make it better. >> that's not just true of refrigerators, either. >> designs in pleasant colors and appealing arrangements. and look what happens to the rest of the house. television air-conditioning, attractive bright bathroom fixtures, power tools the house itself is fireproof and insulated, built for modern suburban living. a power mower modern lawn furniture, and outdoor grill. the car is to tone, with power steering, power brakes and automatic transmission. this will be a two-car family before long. obviously, these joneses are well-equipped up-to-the-minute households but are they so unusual? like millions of middle income americans, mr. jones dresses well, owns life insuran

crude showing enthusiasm for the american economy. the vix, that will be our single best chart came. euro-yen showing recent euro strength versus the yen. gold subdued at 11, 778. the american economy. this is brilliant from mitsubishi. the old american economy, he like our guest today, saying no there is a new vision. the rate goes from 3-someiththing to 2.25%. so, america that we know becomes a new america. i don't think we are ready for this. brendan: we are not ready for this politically. administration's rise and fall on their ability to grow gdp. the standard model is all about three factors, productivity, labor supply, capital. labor supply and productivity are not where we are used to. tom: he3rrmann is adamant that if we can keep immigration going, that will use that -- boost that. i have been writing about that about the depression in greece. guy johnson is in athens. an incredibly difficult circumstance for the nation. first, hans is in brussels this morning. how important is this recent news? gauge the reaction in brussels.

the group argues the american economy is poised to greatly expand with new marketing

a little flaw costing the american economy $5 trillion. illions of americans losing their home and jobs, but there was a flaw. this illustrates the kind of schizophrenia. he took for a the economists lexicon that markets are efficient. but there is a huge strand of research going on but said that is not true. that this is the this is the period of enormous flourishing of an economic research the work that i did that talks about information and perfection asymmetry,, asymmetry come again. it talks about imperfection of competition. behavioral economics except people are quite as rational. all of these things that the model you are using is totally wrong. the predictions about model are going to be wrong. i want to say we were right. we were right. with a select reviews of economic research, there were these two schools of thought. when i pointed out that markets often don't work quite so perfectly. financial market shows to pay attention to the one that was convenient to it. the politicians chose to pay attention to the ones that they would

the strongest economy, drive the trade agreements. t.p.a. gives us that, gives us the ability to grow the american economy grow american jobs and make america more safe and secure and it gives our partners around the world the certainty that america has not walked away from the table, america will continue to be your strongest partner and your strongest ally to build a stronger and more safe world. i thank the chairman and i yield back. the speaker pro tempore: the gentleman from pennsylvania yields back. the gentlelady from new york is recognized. ms. slaughter: mr. speaker, i yield two minutes to the gentleman from michigan, the distinguished ranking member of the committee on ways and means, mr. levin. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. without objection. mr. levin: thank you for yielding. this rule covers three bills. it covers t.a.a. and t.p.a. i asked rules to place in order a substitute bill on t.p.a. that would have helped a full discussion of this vital issue, affecting 40% of global g.d.p. under the rule before us, if a majority does not v

whole suite of climate policies that they would like to ram down the collective throat of the american economy the energy costs have been rising over the last 20 years and especially for people in lower income brackets. that is to say as a proportion of income. and then you could see also in the second graph that low income households that have have to cope with higher energy costs actually have to make real sacrifices in terms of medical care, you know paying the rent, food. so these costs are not just hypothetical. and i'll in with this. this is the grand program of the obama administration, the whole green movement the whole u.n. bureaucratic complex. this is the climate treaty that is being negotiated, and the goal of this thing is to reduce global co2 emissions 60% below 2010 levels by 2050. this is a wonderful little slide put together by alfred at the chamber of commerce committee shows that this really requires that about a 75% reduction in global emissions from the baseline in 2050. he asked the simple question, who is going to make those cuts and how much? here's how the simple arith

threatening to derail a major initiative from president obama that he says would be a major boost to the american economy. >> i have said from the beginning, the t.p.a. is a process issue. the issue for me is what's in the deal? >> as the battle over trade rages with that the democratic party, monday in new hampshire hillary clinton left her position unclear. she called the bitter defeat for president obama in the house on friday a chance to make a better deal. >> i hope that we can see this time as one to take advantage of and try to make it stronger on behalf of our country. >> the democratic rebellion is coming from the base. rib release and unions, socialist senator bernie sanders has been out front drawing bigger and bigger crowds in ireland and elsewhere blasting the big trade deals the president wants and calling out clinton as he challenges her for the democratic nomination. >> i would hope very much that secretary clinton will side with every union in this country virtually every environmental group, many religious groups and say that this t.p.p. policy is a disaster. >> friday, president obama

it is a great digital divide conqueror because at all levels of the american economy, they all know howuse phones and tablets. even the children. betty: it is a great equalizer. charlie: i think we can have a positive impact on america and society in terms of making sure we bridge that digital divide and one of the ways we can do that is with connectivity. betty: when we come back, what is it like to work for ergen? i asked him about his reputation as a difficult boss and how he can revamp that image. more when "titans at the table" returns. ♪ betty: welcome back to "titans betty: welcome back to "titans at the table." i am betty liu. according to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to

he'll be right back. >>> worries over the greek economy sent american stocks plunging today. the dow sank 350 to go into negative territory for the year. the s&p 500 was down 44. the nasdaq fell 122. greek leaders want the people to take the lead in their dance with default and possibly an exit from the euro. we lay out the stakes tonight from athens. >> reporter: greeks woke up today to find withdrawals of money from atms were limited to 60 euros, or $66, if they could find a machine with cash. >> so no money, huh? >> no. >> reporter: and more trouble. all the banks in the country were closed by the government until at least next week. >> what do you think? >> i think a lot of things but i cannot tell. >> reporter: this after greece rejected new demands from the eu about dealing with its debt and eu pulled the plug on emergency funding and a bailout program. greece's prime minister at the left wing party had some tough words. >> it is more than clear that this decision had no other goal but to block the will of the greek people. >> reporter: a referendum called for sunday wil

it is a great digital divide conqueror because at all levels of the american economy, they all know howuse phones and tablets. even the children. betty: it is a great equalizer. charlie: i think we can have a positive impact on america and society in terms of making sure we bridge that digital divide and one of the ways we can do that is with connectivity. betty: when we come back, what is it like to work for ergen? i asked him about his reputation as a difficult boss and how he can revamp that image. more when "titans at the table" returns. ♪ ♪ betty: welcome back to "titans at the table." i am betty liu. according to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to achieve something. there is s

the motiond enco 40% of the global economy and about one-thir of all of the global trade. the biggest upside for the american economy, a chance to open up asian markets to american agriculture, the pharmaceutic industry as well as high-neck and a knowledge-based econo where there is a strong competitive advantage. all part of a bottom line to overall u.s. trade. >> we le in a global economy and recognize that and need to make sure we remain as innovative as we can but sort of a global marketplace and breakdown those barriers and walls, trade is part of that. >> repor the house did vote to green light the authority for the president to negotiate what could be the biggest regional trade deal in american history. in the meantime both big business now digging in for a battle that is far from over. for "nightly bm hampton pearson in washington. > on wall street a triple digit decline as concerns over greece cn stocks. the dow jones industrial average fell 140 points to 17,898 back below 18. the nasdaq dropped 31 and s&p 500 lost 14 points. despite today's big move all three of those indexes barely budged for the

for exempt employees is at half of the average hourly wage for nonproduction employees in the american economy. al >> restand d becularhit. they employee mostlurly workers. including managers. many of whom do not get overtime. >> today, a top executive from the white castle chain told lawmakers changeing the duties would impact the business model for much of the retail and restaurant industry. >> an increase in the overtime salary threshold to $808 per week would affect 1.7 million workers and would ct businesses $5.2 biyear asseing they don't make changes to off set the cost. >> republicans are offering legislation to bloc the rule changes and business groups may file lawsuits. in the meantime, look for democrats to add overtime pay to the debate over income inequality. for nightly business report, i'm hampton pearson in washington. >> amid the raging debates over minimum wages and overtime pay our next guest says we pay far too much attention to the wealth and income gaps between rich and poor and far te ws ppenie midd ass nd why he's peter kieranen, a capitalist, former goldman sachs partne

a little flaw that cost the american economy 5 trillion dollars. let's not forget millions of of dollars. let's not forget millions of of americans losing their homes and their jobs, but there was a flaw. but this illustrates the kind of schizophrenia. he took that from the economist that markets were efficient. there was a huge band of research going on that said that's not true, that's not true. this was the. of enormous flourishing of economic research and the work that i did on information and perfection asymmetry the game three theory, asymmetry, the game three theory, we talked about competition and behavioral economics and that people are not as rational. all these things said that the model you are using is totally wrong. the prediction of that model are going to be wrong so i modestly say, we were right. and it's sort of, i think a selective use of economic research. there were these two schools of thought, one that leaves markets are always efficient and one that is they don't work quite so perfectly. the financial market shows to pay atte

the u.s. economy to expand more slowly this year than they forecast just three months ago. the panel expects the american economy to grow 2.4% for all of 2015. that is down seven tenths of a percent from the march survey. that could push the federal reserve to hold off on increasing short term interest rates. >>> 39-year-old jason was working at the washington post. when he was arrested and accused of spying. his trial is being held in secret with only his attorney allowed in the courtroom. >>> bizarre and chaotic chase in pennsylvania. how this hospital patient ended up in a nearby lake and the big fine he is facing. >> rowing from japan to san francisco. the historic journey one for woman is making. >> no at bad commute so far. as we take a look it's a nice looking drive. >> wide variety of temperatures today. 90s to 100s. yet if you are by it 60s and 70s. >>> fishing trip takes a turn for the worse after two men drown in the sacramento river over the weekend. the sacramento sheriffs department says this started when one of the men jumped off a dock and began to struggle in the water. witnesses say oth

nasdaq as well, new data showing the american economy contracted. bell ringing ] >> announcer: from nbc bay area, this is "today in the bay." >> good wednesday morning. thank you for joining us. i'm sam brock. >> i'm kris sanchez, laura garcia-cannon is off this morning. top stories. the same stretch of highway 4 in the east bay is the scene of a second shooting in just a matter of days. the latest shooting happened after midnight. no update on the victim's condition. someone did die in a shooting on highway 4 over the weekend. >> caltrans says more cracks uncovered in key rods supporting the span. engineers say the problem could be widespread. caltrans already replaced rods corroded from water ex-suppose sure. >> giants have to do without one of their best hitters for at least two weeks. nori aoki suffered a fractured fibula hit by a pitch on saturday but he walked off. >> next hitter has to pick up the slack. >>> national news. hacksaw blades, drill bits and hole punched stuffed inside ground beef. how joyce mitchell was able to smuggle tools to in

whole suite of climate policies that they would like to ram down the collective throat of the american economy, the energy costs have been rising over the last 20 years. and especially for people in lower income brackets that is to say as a portion of their income. and you could see also in the second graph that low income households that have to cope with higher energy costs actually have to make real sacrifices in terms of medical care, you know, paying the rent, food. so these costs are not just hypothetical. and i'll end with this. this is the grand program of the obama administration, the whole green movement, the whole u.n. bureaucratic complex. this is the climate tree that's being negotiated. and the goal of this thing is to reduce global co2 emissions. 60% below 2010 levels by 2050. this is a wonderful little slide put together by our friend steve uley at the chamber of commerce. he shows this requires about a 75% reduction in global emissions from the baseline in 2050. and he asks the simple question well, who is going to make those cuts and how much? so here's how the simple arithme

the democrats have been opposed to any trade deals calling 40% of the american economy is vitamin uh vital to this business. this time it's his own party that's been trying to block him. one of the diswra democratic mef congress, james onile-ere, this is over you've lost, do you agree? >> no, i don't agree. the president and republicans have had a victory here in approving fast track but the fact is congress is still going to have to approve or disapprove of the transpacific partnership agreement. so unfortunately we won't have any opportunities to amend it up or down, we just have to take it as it is. but we lost the first round here but this whole thing is not over with yet. >> but doesn't this suggest given you lost the first round, this causes be the loss on the first part of the tp act? >> it's about jobs. we've lost thousands of jobs in manufacturing and mining in northeastern minnesota. as a result of the importation of a lot of subsidized cheap steel into the u.s. market at a time when there's actually an increase of demand of steel here in the united states. but most of it's

. >>> there's good news for the american economy after a sluggish few months. news today that employers added a healthy 280,000 jobs last month. the unemployment rate ticked up only slightly to 5.5%, but economists say that's for a good reason because hundreds of thousands more people are now seeking work as the economy improves. >>> it's been 37 years since we've seen a champion claim one of the most elusive crowns in all of sports, but all of that could change tomorrow at belmont park where excitement is building for american pharaoh. nbc's josh elliott is there. >> american pharoah and victor espinoza have won -- >> reporter: he won the kentucky derby against a field many called one of the most talented in decades and overcame a veritable monsoon to win the preakness. but saturday's belmont stakes, the third and final leg of the triple crown, known at test of the champions will be the longest race of this young horse's life. over the only mile and a half race track in the country. the one they call big sandy. >> hopefully we'll see a triple crown with america

>> we continue to believe that the import export bank does things for the american economy. in terms of supporting american jobs over the last six years the work at the bank has supported 1.3 million private sector jobs inside the united states that's 1 154,000 jobs. that's why we've seen democratic and republican presidents throughout history aggressively advocate for the reauthorization of the import export bank. that includes president reagan who signed legislation reauthorizing the bank and appraised the bank on the occasion of the 50th anniversary back in 1954 when he said that the export import bank contributes in a significant way to our nation's sales. the other thing we have learned, this has been a part of the argument that we have made about the benefits associated with trade legislation is we know that american jobs that are tied to exports on average pay substantially higher than the average american job creating more jobs tied to exports means we need to open opportunities overseas for american goods and services, trade legislation and a trade agreement in the a

the strongest economy, drive the trade agreements. t.p.a. gives us that, gives us the ability to grow the american economy grow american jobs and make america more safe and secure and it gives our partners around the world the certainty that america has not walked away from the table, america will continue to be your strongest partner and your strongest ally to build a stronger and more safe world. i thank the chairman and i yield back. the speaker pro tempore: the gentleman from pennsylvania yields back. the gentlelady from new york is recognized. ms. slaughter: mr. speaker, i yield two minutes to the gentleman from michigan, the distinguished ranking member of the committee on ways and means, mr. levin. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. without objection. mr. levin: thank you for yielding. this rule covers three bills. it covers t.a.a. and t.p.a. i asked rules to place in order a substitute bill on t.p.a. that would have helped a full discussion of this vital issue, affecting 40% of global g.d.p. under the rule before us, if a majority does not v

in other words the american economy will be strangled and could very well crash and burn in 10 years.ing the savings and welfare of all americans with it responsible politicians know this yet they continue to tell you the voter they will rebuild the american military, stimulate the economy so everybody can have a good job, that they will provide health insurance for people who can't or won't pay for it who is really going to pay for that? people who lend america money. that's who. so we sink deeper in deeper into debt. it's long past time for politicians to finally be honest to level with us in the pursuit of votes both parties, but especially the democrats. have irresponsibly spent money just to pander to the electorate. america at this point in history is a great country but we are getting weaker by the day. and the reason we are getting weaker is because our debt is simply out of control and getting worse every second. $3.3 billion in debt a day. and that's the memo. now for the top story tonight brand new poll which politicians americans favor. according to mammoth university in n

experts say the american economy should be okay. ning's cnbc business news. good morning. >> hey, rosemary. good morning. the markets suffering their worst day of the year on monday. as investors react to greece's debt crisis the country could default on its debt today if it doesn't make a loan payment to the international monetary fund. a greek default likely won't hurt the u.s. economy as it's much stronger now than a few years ago and less than 1% of u.s. exports go to greece. most of greece's debt is held by european governments and the imf. private sector banks and individual investors aren't as exposed. >>> wall street is poised to rebound, futures are higher aside from greece headlines, the markets look for data on home prices and consumer confidence. the dow dropping 350 points to 175796. the nasdaq slipping 192 to 4958. >> we'll all be watching wall street today. thank you, landon dowdy with cnbc. >>> now your nbc 10 first alert weather. >> 67 degrees and temperatures will be climbing into the 80s. a warmer day ahead. that's

new technology to connect you to the people and places that matter. >>> worries over the greek economy sent american stocks plunging today. the dow sank 350 to go into negative territory for the year. the s&p 500 was down 44. the nasdaq fell 122. greek leaders want the people to take the lead in their dance with default and possibly an exit from the euro. we lay out the stakes tonight from athens. >> reporter: greeks woke up today to find withdrawals of money from atms were limited to 60 euros, or $66, if they could find a machine with cash. >> so no money, huh? >> no. >> reporter: and more trouble. all the banks in the country were closed by the government until at least next week. >> what do you think? >> i think a lot of things but i cannot tell. >> reporter: this after greece rejected new demands from the eu about dealing with its debt and eu pulled the plug on emergency funding and a bailout program. greece's prime minister at the left wing party had some tough words. >> it is more than clear that this decision had no other goal but to block the will of the greek people. >> reporter: a referend

. >> absolutely a fast dynamic essential component of the american economy where we still leave the worldso anyone who is elected president or running for president needs to focus on this area of the economy. so important. >> don't they have to make it easier for the companies that provide these services whether it is the world or any of the tell comings because as a crowd starts to cheer, we want to hear what his business plans are, especially with the back drop of net neutrality that went into effect last week that prevents any company from charming more or slowing down i guess i can charge more. but not allowed to slow down or speed up certain access to certain companies on their broadband. >> well that is a term without a definition so it can be whatever elected bureaucrats determine it is to regulate my rival but not me. so we want a president that won't pick winners and losers in the tech company, that will allow for a free market, and not government industrial policy that is trying to put his thumb on scale here and there. so hopefully whoever the next president is will allow the m

the world are poised to set a record this year. up $29 billion. north american airlines account for a half of that. the reason -- lower fuel prices and a stronger u.s. economy. those are your top stories this morning. coming up in the next hour on the bloomberg market day, these shakeup at deutsche bank. the new ceo has challenges and investors seem confident he can do it. and you can be forgiven if you missed it. the women's world cup this weekend. we will look at the tough economics behind women's soccer. and an exclusive interview with agriculture secretary tom vilsack. why he thinks the trade deal would be great for american farmers. we will have that and much more later on this hour. apple kicks off the worldwide developers conference in san francisco and tim cook is expected to unveil a new streaming music service. pimm: it may seem that apple is a little a to b streaming music party, but they can probably afford the delay. they make as much money every day that the entire show music industry makes per month. at the our guest conference and onset, we have the chief executive of tommy boy entertainment, tom zimmerman. for is the opportunity apple in th

that is not what the american economy should be about. when we talk about the economy and when you ask people what is on their mind, they talk about jobs and unemployment. let me tell you this. when you read in the papers once per month that official unemployment is 5.4%, don't believe it. the weight of the government determines unemployment rates is kind of complicated. if you throw in the fact that we have millions of people working part-time when they want to work full-time and when you add to that the millions of people who have given up looking for work, real unemployment today is close to 11%. let me tell you something else which is not discussed at all. one of the fun things about running for president is that you can talk about the issues that other people don't talk about. [applause] a report just came out a few weeks ago from the economic policy institute which is an excellent think tank in washington and what they said should scare every single american. that is that youth unemployment in this country has reached crisis proporti

because in 1890, after the depression of 1893, the american economy takes off. there is traffic for these roads. the thing that struck me about the problems before that is the united states government subsidizes the transcontinental railroad. the transcontinental railroads built in california. the transcontinental railroads take part of the money they get and the steamship lines to raise rates back east. so they can compete. during this whole time the government can pay to a corporation who subsidizes another corporation so that they will raise rates so that they can in fact, they can make some money transferring. otherwise virtually everything would have gone by ship down through roads into new orleans or up through the east coast. that is far and away the cheapest route. as it turned out because of the way that railroads run, i will not bore you with the details, but it is nearly as quick as putting it on our road. they have a hard time tracking these things. it will take a long time before you can find the car again. david james j. hill did not do : it differe

agreement that does not meet the needs of the american economy and the american manufacturing industry. and with these changes that i've outlined here that are going to be in the manager's amendment i support and am proud to support this trade package that will provide an opportunity to drive our economy forward. i yield back. the chair: the gentlelady from michigan yields back. the gentleman from texas reserves. the chair recognizes the gentlelady from new york. ms. slaughter spm i'm pleased to yield two minutes to the gentleman from massachusetts, mr. lynch. the speaker pro tempore: the gentleman is recognized for two minutes. mr. lynch: thank you, mr. speaker. i thank the gentlelady for yielding. mr. speaker, prior to coming to congress i worked for a while as an ironworker at the quincy ship yart in quincy massachusetts. i was a welder. unfortunately, because of bad trade policy that shipyard closed down and thousands of workers were laid off. later on, i also worked at the general motors facility in framingham, massachusetts and the company decided to close that plant down and whi

the service sector makes up almost 90% of the american economy.ave been saving money from lower gas prices rather than going out and spending it. i day after announcing his decision, his surprise incision to resign, sepp blatters ck toork at fifa headquarters. worstreeling om the scdal in its history rpol has d sin from fio its most wantedist. loretta lynch spoke earlier in latvia. loretta lynch: i do not have the -- comm onepp ,latte wn, exce tsay -- indicted officials 14 fifa officials. chicago is on its quest for its third cup. it would make the blackhawks the most accomplished club. tampa bay hasheoungest roster in the leaguof the season on bloomberg market day, much more, inclung the late on wall stree the latest biion are wall turns is t a hee ndnager.of thr five. drugs spending on cancer topped $100 billion for the first time last year, this as a new class of six digit cancer treatment is coming to the market. they're called immunotherapies which use the immune system to they show promise but ar extremely expensive. dr. charles joins us. th

blame them, but the americans in the saudi's have very different interests on this and many other things. so the united states is pushing for something that is good for the american economyhappens, opec is effectively destroyed. it has already been marginalized. scarlet: they are not cutting production. ian: everyone trying to maintain their market share and influence. the saudi's have the ability to do the most. for anothers on million, the iraqis are probably producing another 700,000 barrels -- despite the fact isis controls about 22% of the territory, they don't control where the oil lives. terroristrly a dynamic and i don't think enron deal is priced into the market yet. president obama wants to get the deal done, but he's also a lame-duck president. sense -- it's not like he was having an easier time getting anything through. you could say he's been a lame-duck for five years or he's still in orton. congress has basically given him a free hand. they have postured a lot but at the end of the day, have a couple of months to review. it's more like eight he'll get stunned by july 7 or later. if it goes later that in congress gets a longer term to review the iranians ar