tom etheridge, nice to meet you. >> tom, how are you?> good. >> this is the headquarters for worldwide trailer? >> this is the headquarters. >> did a little research. the product you guys make is good. >> yeah. >> now, how much--how much revenue is your company doing? >> we did 4 million last year. >> and so how much of that actually fell to the bottom line? how much did you make? >> maybe 400,000. >> how many will you make a year? >> about 125 trailers a year. keep in mind, not all trailers are food trailers. even though that's what we specialize in, we'll build emergency command post trailers. we've built mortuary trailers, casket trailers. we're pretty good at what we do, marcus. we've been doing it for a long time. >> who's that? >> that's kita. >> that's kita. that's the shop dog. >> yeah. >> whose dog is that? >> mine. >> it's my dog. >> no. >> [laughs] >> no, that's my dog. >> your dog, his dog? >> no, it's mine. >> oh. >> used to be my dog. >> no, it was ours, and she stays with me. >> oh. >> we were a couple for 20 years, but we

i'm tom wolf.'m a democrat runner for gomplt i was born and raised in central pennsylvania. >> dad joined the peace corps and served two years in india sglaen bent to m.i.t. where he earned a phd. >> we got married and tom started his family bin business. >> he grew the company to the largest supplier of kitchen cabinets in america. >> we share between 20 and 30% of our profits with our employees. >> tom wolf has a ton of money. he has spent a ton of money on a huge tv ad campaign in order to win tonight's primary against four other pennsylvania democrats who wanted to also run against tom corbett for governor but tom wolf ran away with the nomination tonight. look at this. he took over 50% of the vote in a four-way field. is incumbent republican governor tom corbett as vulnerable as he looks from his numbers? does tom wolf's huge overwhelming win in the show us in addition? he did once work in the administration of former democratic governor ed rendell. joining us is ed rendell. governor, it's gre

>> when we return, tom steyer's paradise.ning this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where billionaire tom steyer spends his time. a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife kathryn taylor bought in 2002. only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? >> i think you can only blame my wife for that one. originally we bought it because the land had been so misused, you could dump stuff here if you paid them a fee. there had been a d.e.a. raid. they had people -- >> why? >> i think they were growing dope. >> oh. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this looks like an asset, but it's act

i'm tom wolf. i'm a democrat runner for gomplt i was born and raised in central pennsylvania. >> dad joined the peace corps and served two years in india sglaen bent to m.i.t. where he earned a phd. >> we got married and tom started his family bin business. >> he grew the company to the largest supplier of kitchen cabinets in america. >> we share between 20 and 30% of our profits with our employees. >> tom wolf has a ton of money. he has spent a ton of money on a huge tv ad campaign in order to win tonight's primary against four other pennsylvania democrats who wanted to also run against tom corbett for governor but tom wolf ran away with the nomination tonight. look at this. he took over 50% of the vote in a four-way field. is incumbent republican governor tom corbett as vulnerable as he looks from his numbers? does tom wolf's huge overwhelming win in the show us in addition? he did once work in the administration of former democratic governor ed rendell. joining us is ed rendell. governor, it's g

tom keene is the biggest winner of the week.th adam johnson. >> present that? -- who sent that? >> alan krueger, thanks for joining us this morning. bloomberg surveillance continues. ♪ >> good morning. jobs stay in america yet again. america yetin again. you are "in the loop." alan krueger is in the house/ . we will be joined by mohamed el-erian. here is a look at the top headlines. u.s. probably created 218,000 jobs last month. the jobless rate is expected to fall 0.1%. warren buffett's fan club is gathering. buffett will answer questions for more than five answers. -- hours. stephanie ruhle just spoke with steve wynn.

he's been hired by tom wheeler. philip verveer also worked for comcast and the wireless and cable trade associations. he's now tom wheeler's senior counselor. attorney brendan carr worked for verizon and the telecom industry's trade association, which lobbied against net neutrality. now brendan carr is an adviser to fcc commissioner ajit pai, who used to be a top lawyer for verizon. to be fair, tom wheeler has brought media reformers into the fcc, too, and has been telling us that we don't understand. we're the victims of misinformation about these proposed new rules. that he is still for net neutrality. possibly, but the public's no chump and as you can see from just those few examples i've recounted for you from the reporting of intrepid journalist lee fang, these new rules are not the product of immaculate conception. so this public comment period is crucial. you have a chance to tell both obama and wheeler what you think so that the will of the people and not the power of money and predatory interests is heard.

and i went, i said, "tom, it sucks." he went, all right, fine it sucks. i broke him. i broke him. >> jimmy: you broke his spirit. >> broke his spirit. >> jimmy: when you are in london with tom, your hometown, do you take him around to places? >> he came out with us a few times.

that was my focus only. >> tom? >> i think when we all started doing what we are doing, got into business, we were rallying against those restaurants that were around, that were established for a long time. we wanted to do our own thing. the thought was never let's build something and it will be here for 100 years. certainly, when i was 26, when i had my first chef's job, i wasn't thinking along those lines. even when we opened gramercy tavern, we were not thinking 20 years in the future. >> but you were hoping it would be successful, obviously. >> yeah. but when i started cooking, i had no idea that i would be working in new york. i started cooking in new jersey. we do not have a model for a young american chef doing whatever cuisine you are doing. that example of that kind of longevity. >> there was nobody to follow. >> prior to that, you didn't know about chefs. >> getting the cooking job was the last thing you did after you got out of the military before you went to jail. [laughter] it was the lowest common deno

tom loves matt. tom want to come. earlier i think he thought it was going to be like a nice civilized thing. i e-mailed him. tom, change of plan, we're now going to go to this club called

senators of the 20th century, jesse helms, first election 1972, john east in 1980 and faircloth and tom is a lawyer in north carolina and tom ellis and jesse helms literally told ronald reagan and his team in 1976, reagan before he got to north carolina had lost four five primaries, lost the florida primary, new hampshire primary, things were looking really dark. so, ellis and jesse helms said don't come, we don't want you here, we will handle the campaign. end take care of it but if you insist on coming in we have to do four things and jesse helms and tom ellis told reagan four

tom loves matt. tom want to come.t it was going to be like a nice civilized thing. i e-mailed him. tom, change of plan, we're now going to go to this club called the box. i said just wanted you to know you may not feel comfortable with this it's kind of loike a sex club. he wrote back and said [ bleep ]. he said just don't let me walk out of there alone. >> jimmy: wow. wow. >> he didn't. >> jimmy: the movie came out great. whatever you had to put tom through, whatever spirit you broke in him. >> poor tom. >> jimmy: the movie did come out great. called "edge of tomorrow" opens in theaters june 6. emily blunt, everybody. we'll be right back. [ cheers and applause ] ♪ ♪ >> dicky: the jimmy kimmel live concert series is presented by a-t-and-t. mobilizing your world. beer. dog. music. yikes. skip track, please. i'm hungry. impossible? maybe, but honeywell's latest innovation gives me hope. hello, thermostat? "hello. please say a command." i'm feeling hot. "changing set point to 68 degrees" the wi-fi thermostat that listens

[applause] >> thank you, tom. this is straight talk about our transportation problems which is one of the reasons i like to work at the chamber. please do not be shy. there is a whole other side of the room here. i was unable to construct a new entrance this morning, so you've got to help me out and walk all the way over there. we wanted to start today hearing from tom, but also hearing from leaders of real top-notch business organizations, each with a slightly different mission and approach, but all of which emphasize the concept of competitiveness, which the world economic forum defined as the set of institutions, policies, and factors that determine a level of productivity of a country, which sounds very serious. that is a pretty big set of policies -- education, trade, tax policy, immigration, foreign policy. i could keep going on if it takes them longer to mike them up. what each of these association ceo's want is the best platform upon which businesses can succeed and the united states can compete him and to

tom corbett will face tom wolfe.n idaho, no word yet on who will be the gop nominee for the democratic opponent. joining me at the table now -- arkansas, there is no primary. we knew it would be tom prior and tom cotton. his polling looks very good, and there is a story about obama care in the south. >> potentially. they show anywhere from three to ten percentage points over his in many ways. mark is from the wal-mart state. against the federal minimum wage increase, against marriage equality, in line with the values of the state. in terms of obamacare, it's a long time until november. i'm not sure i how much obamacare will be an issue, as we see the republican party starting to back away from it. >> the question becomes if they back away whether democrats can be aggressive on that. that strikes me as something we saw. a lot of lines of attack by allison grimes tonight. ty didn't hear anything about obamacare or health care to say that is something she would be running on. >> you made a good point about things workin

tom wolf dominated ad spending. tom wolf is a businessman and he ran that way in terms of this primary campaign. also worked in pennsylvania's popular democratic governor ed rendell. and i should tell you governor rendell will be with us later tonight to talk about tom wolf and to talk about his chances of unseating republican governor tom corbett in pennsylvania. again, tom corbett's approval ratings are just terrible now that tom wolf has sewn up the right to be the democrat facing him. tonight's primary was the first step to democrats trying to get rid of tom corbett. and we just got word, do we have another result? yes, we do actually. the an p is calling the primary for pennsylvania's 13th congressional district. mar marjorie march fwoe lis. she is chelsea clinton's mother-in-law. the ap called it for brendan boyle, the democratic nominee for congress in pennsylvania's 1 13th district. results coming in all of the time now. it is a sort of super tuesday here. please stay with us. i make a lot of purchases for m

but uncle tom is real and the question is, can people use that word?o, they don't use it as openly as they should. they should to make it clear that there's a difference between them and some other people. and i think that makes a lot of difference about how we have a discussion about what does uncle tom actually mean? >> let's talk more about the conversations about thompson and uncle tom. is it ever okay? >> i think the thing that we find interesting is we have a discussion about whether it's an appropriate term. and it seems as though to me, i may be mistaken. i don't hear the outcry of someone calling someone an uncle tom coming from black people. it seems to be coming from white people. if you were being called an uncle tom, it is offensive but i don't think that's a racist term that you happen to use. if you call somebody an uncle tom, you better be correct because you know how that goes. >> it seems like only a few years ago nobody thought. i guess many people -- not that nobody thought, the fact that inner city were akin to racial name calling.

governor, tom corbett.at race as soon as we get back. >>> tonight, i consider myself the luckiest man on the face of the earth. well that is the famous baseball line. lou gehrig. tom wolf using lou gehrig's line. won the nomination for governor of pennsylvania. wolf beat a field of four democrats tonight. the front-runner. ran with the backing of the organization in philly. and spoke to bob brady the congressman. they're going to regroup now. they face tom corbett. a big opportunity against a very unpopular republican governor. joining me right now is u.s. senator, democratic senator bob casey. thank you. the democratic party faces a lot of challenges. they may lose the senate. in your state. my god. people can't stand that governor. nobody defeated a governor. looks like the public, wants to get rid of this guy. >> tom wolf has the a great chance, chris. the victory tonight was not only big, the overall number. when you look at it county by county. he is going to win most. some people think by the time the

tom corbett will face tom wolfe.yet on who will be the gop nominee for the democratic opponent. joining me at the table now -- arkansas, there is no primary. we knew it would be tom prior and tom cotton. his polling looks very good, and there is a story about obama care in the south. >> potentially. they show anywhere from three to ten percentage points over his many ways. mark is from the wal-mart state. against the federal minimum wage increase, against marriage equality, in line with the values of the state. in terms of obamacare, it's a long time until november. i'm not sure i how much obamacare will be an issue, as we see the republican party starting to back away from it. >> the question becomes if they back away whether democrats can be aggressive on that. that strikes me as something we saw. a lot of lines of attack by allison grimes tonight. ty didn't hear anything about obamacare or health care to say that is something she would be running on. >> you made a good point about things working out in the south.

tom steyer. he was born and raised in the financial capital of the u.s., new york city, but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his fortune is an estimated two two -- $2.6 billion. not content with the golf course steyer reinvented himself as an activist. even funding and starring in public service announcements. >> each week we take a look at the keystone pipeline or postal. >> he believes the ling the pipeline will escalate canadian oil. >> the question here was is this a chance to change our trajectory? is this the way to change the policy of energy? >> we caught up with his town in mayflower, arkansas where he was looking at the oil spill. here is some just off the top of the water. it's sticky. it's extremely sticky. it smells awful. >> in march, 2013, a shallow underground pipeline owned by exxon runs down th

are you going independent, tom?endent tomorrow. >> we could each be in our -- >> thesehairs are huge topics. we could do literally hours of this. >> it is only going to become a bigger issue. we will be right back. upping its bid to takeover britain's astrazeneca. more when we return. ♪ >> good morning, everyone. you can see the steam. jay-z and beyonce, help me here is scarlet fu, they are married, right? >> she was kind of trouble for jay-z in an elevator. scarlet fu will have more on this on bloomberg television and radio. our gossip columnist as well. it is a beautiful view. a gorgeous day yesterday. .> i am scarlet fu i am here with tom keene and adam johnson. the world's second-biggest airplane maker cut costs involving its eight 380 super jumbo jet. they have an order backlog of more than 5000 planes. they're ramping up production of their most popular model, the a320. -- wall street journal barger's contract runs out in february. meanwhile, delta stock has doubled. there's a pretty big discrepancy. of the ro

he came out with a new series of ads going after tom cotton on policy. >> hi, i'm linda.to the same wonderful man for 37 years and we have two great kids. retirement is just around the corner for us. that's why i was so concerned when i read congressman cotton voted to change made care into a voucher system. cotton's plan would allow insurance companies to increase rates, cut benefits, and cost seniors thousands more each year. >> tom cotton voted to turn medicare into a voucher system. what they mean in that ad is that tom cotton voted for the paul ryan budget which would privatize medicare, turn it into a voucher system and raise the age at which you could qualify to get medicare. in february mark pryor rolled out two ads making the point that his opponent voted fo cut made care and even for a more conservative budget. the republican study committee, a budget that dismantled medicare faster and raised the age when you qualified even higher. mark pryor decided to go with that in his ads, pretty much exclusively starting at the end of the winter and beginning of the sprin

starting here you all know tom. thanks, tom and the other panelists were being here.timmons, president and ceo of the national association of manufacturers. deborah wince-smith, president and ceo of the council on competitiveness come into my in the right, nancy mclernon, president and ceo of the organization for international investment. thank you all for being here. let me start out with a statistic that i read last week that i thought was fastened. so much of the conversation focuses on big business and what their needs are. of course, that's important. this is also a conversation about american jobs and the overall economy. the s&p did a study by the chief u.s. economist last week. they said that their model estimate shows investing $1.3 billion in infrastructure creates 28,000 u.s. jobs and adds $2 billion in real gdp which is leads to a economic gains and the longer-term. if we could starting with jay and working away back down, give us your thoughts on what infrastructure means for jobs first and then the broader economy. >> thanks, eamon. and it's great to be

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i am tom keene with scarlet fu and adam johnson.g to bloomberg news and london, they're moving the ruble. this is out on itunes and android. a much stronger ruble with the lavrov. from stronger comments on civil war, look for those comments on bloomberg television platforms. let's move on to an incredibly important book, arguably the most used book in the keane household, the omnivore's delimna on cooking. get back into the kitchen, a kitchen will use fire, water, air and earth to create great food that will assist in losing weight. you can see me as a sign for that. thyme has turnips and like michael pollan. did you ever think that "omnivo have themna" would impact that it had? >> i did not, i thought this would be a very small book. >> i read this to my children, the one time of year that i cook i will say, brussels sprouts, let's read about them. i want to start with butter. how do i use butter in the kitchen? >> butter was demonized for a long time, it began in the late 70's and early 80's. we thought that the saturated fats wit

dre put in an offer us and as it came onto the market. >> when tom and gisele go -- when tom and giseley each go to the opposite wing of the house? clock's north side versus southside. thank you so much. >> tension escalate in eastern ukraine. how will putin respond? this is surveillance on television and radio. >> i am tom keene. that with me is scarlet fu. adam johnson decided to show up for work. he has our top headlines. taking a two-day weekend was luxurious. xi jinping says the country needs to adopt a new normal of who lower -- of lower expansion. headings say china is for its weakest expansion since 1990. and some surprisingly strong language from south korea. the defense ministry says north korea is not a real country. the government of kim jong on must does appear soon, again strong language. -- must disappear soon, again strong language. sec chairman tom wheeler is trying to salvage net neutrality rules and will present a revised draft of the rules. the plan will allow internet providers to charge companies for fast access in your homes. you had a problem like that this weeke

>> no i don't, tom. i feel that american girl, just like america in general, celebrates diversity. >> that's interesting. that's exactly how i feel. what would you say to those who say american girl dolls are not edgy and political enough? they say perhaps it is time for a doll who takes her fourth grate class on a trip to occupy wall street? >> i would say that american girl is a business. and we want to celebrate all kinds of girls, but we have to make dolls that our customers are interested in. >> exactly. you get on as usual. >> i remind you tom that i am your doll. >> what a is your point? >> dolls reflect the culture and the view . -- view point of their owners. >> are you saying you don't have opinions of your own? >> if that's what you are saying, tom, perhaps i should agree. >> i don't want you to agree. i want to see how you feel. are you telling me you don't enjoy the clothes i make for you? >> well, i know you feel that the wool is not itchy to the skin. it is not, not compared to the synthet

tom vacar, ktvu channel 2 news. >> very good advice. thank you, tom. more details on the memorial day travel. aaa expects a record number of californians, nearly 4.3 million to travel 50 miles or more over the holiday. that's up nearly 2% from last year. 3.5million are expected to drive with more than 400,000 people flying out of town. and 300,000 people will travel by other modes of transportation. so just buses, trains and cruise ships. for people driving up to tahoe, prepare to encounter some bumper-to-bumper traffic traffic. the airtra is -- area is bracing for the busiest traffic in years. nearly every room is booked in the tahoe area. they also say finding a spot at the campgrounds will be impossible. many people made their reservations months in advance. >> we booked our cabin six months ago. >> they are set up for the best summer since 2006. >> with the drought, many lake and river levels are expected to be lower than last year. no word how that will impact memorial day rerk rational activity -- recreation activities. for the latest updates to

>> when we return, tom steyer's paradise. running this huge branch, how is it different from running a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer ended up. there is an 18 acre ranch he and his wife bought in 2002. it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can lay my wife. originally we bought it because of the land. you could dump stuff if you paid the fee. >> running this huge ranch, how is it different from running $20 billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at the top. it is unbelievably significant and powerful, and that's where the comparison is. >> how many have you put into this?

i am tom keene. joining me is early through an adam johnson.ost is steven davidoff of ohio state. alibaba, we will get to that in a moment. a busy morning brief with a lot going on. starting with india. >> india stocks hitting an all-time high as ballots are counted in the largest democratic election ever. in hong kong, growth slips to the slowest pace since 2012. in the u.s., housing starts and building permits at 8:30. at 9:55, michigan consumer confidence index. >> this has been a tumultuous week but if the lack of volatility. >> churn. is to mention bonds, which telling you what is happening under the surface. janet yellen, for the third time, has scaled expectations down. 2.49% on the 10 year. towards the end of earnings season. michelle obama speaking tonight anniversaryhe 60th of the desegregation decision brown versus board of education. >> 60 years. >> why are you looking at me? >> you are the only one who has any memory of that. >> i remember the uproar. >> let's get to company news. we will start with uber. about to join the $10 bill

whatever you had to put tom through, whatever spirit you broke in him. >> poor tom. >> jimmy: the movie did come out great. called "edge of tomorrow" opens in theaters june 6. emily blunt, everybody. we'll be right back. [ cheers and applause ] ♪ ♪ >> dicky: the jimmy kimmel live concert series is presented by a-t-and-t. mobilizing your world.

tom rinl and the smoking gun. >> if tom ridge was hoping to generate buzz about his upcoming book, mission accomplished. >> jon: zinc. that's not outrage. that is snark. snark is not outrage, silly. [laughter] when the bush administration planted a story about saddam hussein buying aluminum tubes in the "new york times" so that the same day the vice president of the united states, the secretary of state and the national security advisor could go on tv and say this. >> there's a story in the "new york times" this morning. reporting just this morning. >> high quality aluminum tubes that are only really suited for nuclear weapons programs. >> jon: they knew a year in advance that what they were saying on the show that day was not true. where was that outrage? >> where is the apology from the administration for this? >> why should there be an apology. hindsight is always 20/20. >> of course they are saying aliewm niewm tubes saying it's not nuclear material and others saying it is. >> it's a matter aassumption. >> but not a question of lying. >> jon: no, it's not a question of lying it's a sta

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host: elana schor, are democrats defending tom stier?ry reid himself defended tom stier soon after that speech. myself and other reporters asked him about tom stier afterwards. he basically offered what tom stier has offered, that he and the democrats want to see campaign spending limits and is about to call up a constitutional amendment to do so but that in the meantime, democrats should not disarm or refuse money from guys like tom stier. for republicans, that is highly debatable. your we are here to take questions and comments. mike? you are on with elana schor. caller: good morning, thank you for taking my call. the big earthquake that we had, if you spin and rotate over the this, it isrs like going to change the requirements. lot inrter inch being a your measurement, you take the and we haveearth seen changes in our son. we get up when the sun rises in the east. years ago my my cousins and friend lost a son. at the end of the school year, it was directly in line with route 30. >> coming into the 2014 election is climate change a top

. >> tuesday, the battle for senate control is being fought in arkansas but neither tom pryor or tom cotton has a primary race. georgia spotlights the reliance on women to counterpunch these political head wind. can political dynasty save the democrats in pryor in arkansas, nunn, grimes, state senator jason carr in georgia, they're all running on their famous names. will unpopular governors survive in 2014? pennsylvania's tom corbett. corbett stands out as the most vulnerable. tom wolffe has blanketed the airwaves with ads and it's working. the candidate a lot of people thought was going to get out of this primary, congresswoman allison schwartz has fizzled here. a new poll shows wolf has 33%, schwartz barely in double digits with 14. the fact that wolf is running away with this thing has produced nonstop attack ads from everyone running. including this racially charged ad that has a whole bunch of people stepping in. >> he spent millions on tv ads but now serious questions tom wolf can't answer. why would he chair the campaign of a man arrested for his role in a race riot, one that

tom friedman the writer tom friedman who also is a former wilson scholar wrote an op-ed last month in which he quoted his 1998 interview with it then 94-year-old george kennan. said kennan, i think the russians will gradually react quite adversely and it will affect their policies. we have signed up to protect a whole series of countries even though we have neither the resources nor the intention to do so in any serious way. so segue to 2014 and the urgent challenge to de-escalate conflict and avoid miscalculation over the events in ukraine and russia. nato expansion is again being scrutinized. today's topic into the fold or out in the cold could not be more timely or fit better with what the wilson center does well our kennan institute headed by

tengo que ir a buscar a tom cruise! la aventura comienza buscando a tom cruise por todo londres.r vip, pero tom aÚn no habÍa llegado. ¿quÉ habrÁ pasado? >> ¿para quÉ me despiertas? ¿quieren ver cÓmo la pasÉ en la convivencia con el cuate tom cruise? >> la convivencia en el aviÓn privado estuvo increÍble. tom cruise platicando de todo conmigo, que de la pelÍcula, de sus proyectos, de la familia, de los hijos. hasta me enterÉ que hace tanto ejercicio que le entra la vitamina t. le encantan los tacos, las tortas y los tamales. y hablaba y hablaba hasta que llegamos a parÍs. [♪ mÚsica ♪] [tararea] >> estÁbamos platicando en el aviÓn acercó de la gran carrera que has tenido. >> y como a emily blunt no la encontrÉ en londres, aquÍ no se me escapÓ. amigos, no sÉ si sepan pero emilia sabe hablar espaÑol o entiende espaÑol. >> i understand more. >> from where? >> from london. >> ¿cuÁntos aÑos? >> 7 years. >> ¿cÓmo estÁ tu hija? >> adiÓs, "despierta amÉrica". >> seÑores, asÍ la historia. miami. miami-londres. londres, sin dormir, rueda de prensa con tom cruise. un aviÓn de londres a parÍs.

think japan, tom.s, the sure gdp trade was in the trade for all -- >> yes, everybody was wrong. >> the lesson in japan, a course theach at yale, is in balance sheet recession, the post-bubble economies, long-term interest rates can stay lower for a lot longer than people think. we are in the early stages of our own japanese -- >> this is very important. awill call stephen roach balance sheet economist versus an income statement economist. with the bill dudley comments from 2 days ago, the fed, the slack economy that yellen speaks of, what is that timeline that you see given this sluggishness? isthe fed believes that qe the answer to the balance sheet recession, and it is not. the answer to the balance sheet recession is in dealing with the problems that are still competing on the streets, like excesshousehold that -- household debt and inadequate saving. balanceumer recovery sheet repair would accelerate. what does he we -- what does qe do? it makes a few wealthy people a lot happier. >> victory for bu

so who is tom stier?isn't actually the first time he's thrown himself into politics. >> i'm tom steyer. i'm a businessman, a professional investor, and a proud democrat. i think mitt romney and i share an income bracket, although i guess we're never going to know for sure. >> that was at the democratic convention in charlotte in 2012. steyer is a former hedge fund manager who lives in california. climate change has become his driving passion. he's been called the left's answer to the koch brothers. >> they're funding efforts in politics, but they're not getting up at 6:00 in the morning to go to work in politics. they're going to work at their refining businesses and chemical businesses. that's different because i quit my job in the private sector, which was by all standards a terrific job, in order to do this full time because i felt so strongly about it. >> steyer'ser pac is ready to name names. they revealed this week the republicans they're going to be going after. governor rick scott of florida, paul

if someone is going to attack them like tom did. worse than uncle tom.people or doesn't like blacks. horrible thing to say. it was demeaning and should be censored for what he said frankly. >> another situation in montana 14-year-old girl raped by 49-year-old man. the judge bagh gave the rapist 30 days in jail. just to make it even worse. the victim killed herself. so we sent watters out there. roll the tape. >> you had a guy who repeatedly raped a 14-year-old girl. and you gave him just 30 days in jail? can you explain that, please? >> 15 years suspended. >> but 30 days in jail. you think that's an appropriate sentence, judge? what if that had been your daughter? >> well, now, the montana supreme court has overturned that sentence saying that bagh is a complete idiot. did wrong on every single legal and now there is going to it be a new judge and a new sentence. this is one of the biggest repudiations of a sitting judge i have ever seen, laura. >> yeah, i think you are right, bill. the supreme court sending it back to a totally different judge for new s