all that treasure passing by an enemy fortification was an untenable position. the king of spain ordered pedro menendez deaviles to take care of the colony using whatever means necessary. menendez headed north with his fleet and there was a short battle between ships that can best be described as a draw. menendez then headed south and brought all his equipment and men ashore. menendez chose to meak a forced march using 500 of his best men, the 40 miles up the coast to ft. caroline. while shehe was engaged in doing this, a hurricane struck. the french fleet was enroute to the fledgling settlement of st. augustine, was caught in this hurricane, and swept south, all the way to the area of present day cape kennedy. the four ships were wrecked, but there were many survivors. this rag tag group slowly made their way north. it took the better part of a month, but they were stopped cold at the mattansas enlet, 15 miles south of here. menendez'

all that treasure passing by an enemy fortification was an untenable position. the king of spain ordered pedro menendez deaviles to take care of the colony using whatever means necessary. mene

his competitors to go on the record with a position that if they want to be candidates, they are untenablemark: even the ones most critical of him have pulled their punches against him. think about him and where he is in the process. are his poll numbers going to go down because he is losing these contracts? i doubt it. he is giving a speech in arizona, a normal candidate would be in trouble. i do not think he will be. heidi: is he in this to win it or to build his personal brand? he is losing a lot of sponsorships. i am interested to see where he will be at the end of the day. mark says he will not help his business. in terms of dominating, he may not be getting the best coverage, but he is getting the most coverage. heidi: he is driving the conversation, doing tons of interviews and press, forcing everyone to respond to his agenda. mark: donors are worried. you are seeing some commentators who are on the right. two people are saying not just the emigration comments, but he has liberal positions and his general manner is not good for the republicans. let's see where the candidates catch u

generaty that is untenable in the wake of rationing. >> families this supported us still to support us have a week of survival. but he is prepared to do what is takes to keep the east net intact. >> we'll fight for the children going away going to the state. doing everything we can. showing a need to survive. >> anunwavering commitment to family. as long as we stand up. we'll go out and o do what it takes to raise them. >> joining me from athens is there any relief in site for pensioners like the people in your story? >> not with this deal. if anything, these people are staring down the barrel of more pension cuts and austerity, you have to question where will it leave them. this is a couple that has not been able to pay the utility bill for six months because they are having to choose between food and necessity. then you have smile of the child, helping families in crisis children in crisis, relying on donations. now, the ben factors have not been able to give them money. banks are closed cash withdrawals are limited to 60 euros a day. they have less than a week of operating funds. th

saw this coming over years, but peurto rico was able to sell bonds, right up until the crisis was untenableouple of weeks ago. that means people were willing to take a chance on the island. how did they get into the fix. >> right. i wrote in 2012 that the island would default going down the road. other market commentators saw it. what happened from that period forward is it cost more money to borrow, and lenders wanted more secured bonds, you can't pledge collateral so easily, but the seniority structure, people wanted to be higher in the structure, to the front of the line to be repaid when the bonds needed to be repaid. >> if you pick up a newspaper, turn on the television and listen to the radio, you here about greece and investigators taking a hair cut and acknowledging that there would be losses. in porto rico, if the entities that say they can't pay start to losing? >> well, typically bond holders lose. it depends on the type of bonds, how secure their holdings are. i do think, though. there's a willingness on the part of puerto ricans to repay, the government discussed the repayment

smile of the child is funded from donations from greeks, generosity that's untenable in the wake of banksures and rationing. >> we have one week of possible survival. >> but he's prepared to do whatever it takes to keep the safety net intact. >> we'll fight going away going to the states begging international doing everything we can. to show our cause. to show that there are some children here that need to survive. please support us. >> reporter: and unwavering commitment to family echoed by them. >> even if we are standing up if we have nothing to eat, we'll go out whatever it takes to raise them. no matter what happens, we will raise them. >> and ali even though an accord has been reached, there is no relief in sight to these people. they are facing more cuts to their pensions nor austerity. they have less than a week's operating funds left. the reason they are so cash strapped right now, because of the generous donations that they relied on, people are in no position to give them donations. word has come down that banks will remain closed until wednesday, so this organization is in a

this is untenable. we're not talking about people limping at the age of 50.are talking about brain injuries that are causing horrible, protracted and premature deaths. the idea that we are paying people to engage in a sport for our own entertainment that causes irreparable damage to themselves is appalling. emily: what about how the nfl has handled some of these domestic violence issues? malcolm: this is a sport that is living in the past and has no connection, i think, to the realities of the game. no real connection to american society. the whole ray rice issue was a microcosm of what's wrong with the nfl. they are completely disconnected from the consequences of this sport they are engaged in. they are socializing young men into a culture of violence. is it at all surprising that you see the kind of corollary social damage surrounding players that we see? not at all surprising. they are off on this 19th century trajectory. it is fundamentally out of touch with the rest of us. emily: your friend and podcast partner bill simmons called be commissioner of the

what looks measurably different to make shoes feel like we're in a position to make it untenable for the iranian leadership to move forward with a nuclear weapon. >> i want to highlight when we talk about iran -- it's really the regime -- >> there's no doubt about it. >> it's not the iranian people. the iranian people there's some reason to hope that this could actually cause them to understand that there's a place for them in the international community. but how does our posture change? our posture changes on the basis of these areas in which we have agreed to work with our partners, both israel and the gcc nations. and we have a muscular posture in the region now. for the most part it may shift, but it will stay the same for the most part. >> the -- i'm trying to get my hands around the thought process that would make the saudis less likely to try -- to acquire nuclear weapon. probably acquire nuclear weapon most likely from pakistan and a ballistic missile from china. why would any of the leadership in saudi arabia -- and then as a result of that you only need one to spark other n

grease and its ally france and italy, are basically saying this is untenable. this is impossible.e need to go back to the drawing board on this. >> reporter: >> the sxht economistic joseph steiglet spoke to arcs. he said europe needs to keep supporting greece. >> i believe it's in the self interest of the eurozone to help greece let me point out. almost all of the money, 90% of the money that allegedly went 2 greece didn't go to greece t went to german and french banks, to the creditors. it was not a greek bail-out. it was a bail-out of western banks lend to go greece. so this is really a way in which western governments give money to their banks under the cloak of the name of another country. the first best thing would be for europe to recognize european solidarity, to recognize that they have made a commitment that it would be a disaster for the european framework for greece to leave, and there is a way for grease novp stay in if they wanted to. if it's a failure, europe should be worried because on the southeastern flank of europe will be a fail state. they still will be part o

alastair: you have to see capital controls eased if nothing else. 60 euros on a daily basis is an untenablemmentary in regards to the ela tapping up funding should point to that. i do not think they can completely lifted the lid on that. there is a fair amount of fear out there. you will see an aggressive rush to the banks to withdraw funds. an easing of restrictions rather than the doors being flung open. anna: we talked about commodities and where oil prices are heading. will that have a bearing on where markets go? does that mean he ftse underperforms the rest of the markets? alastair: there was commentary from mark carney about how he saw the inflation rate going back to 2%. the ecb progress with iran, a fresh supply of oil to the market. the inflationary aspects or deflationary aspects, you have questions about how optimistic the timeline is. interest rates starting to creep up, the turning of the year. currency markets are not necessarily reflecting that optimism. you have to expect over the coming weeks to see more optimism towards the u.s. dollar. maybe more questions about those co

as we saw basically said this is untenable in terms of the debt situation.ee this coming through the way the imf has behaved. it has taken them this long to actually stand up and say this is not working out. manus: let's go to something more optimistic. spanish unemployment falls to the lowest level in 4 years. still coming off a high-level. 22.4 from 23.8%. does this help rajoy? he has elections coming up. from an economics perspective. simon: from a momentum perspective, it is going the right direction. 20% plus unemployment is bad. nearly 50% under 25 unemployment is bad. from a momentum perspective, you are seeing growth and unemployment move lower, that is a positive. if you compare spain to greece since 2013, the spanish economy has grown around 3%. greece is probably 3% or 4% decline over the same period once you see the economy growing, it gives rajoy some benefit. under 25 youth unemployment, the band for rebellion is probably going to be stronger. manus: thank you for your perspective and joining us this morning. simon smith, fx financial services

irony of it when i read what i read of your plan, if you allow them on the the street, your plan is untenable, there's too much of these cars, if you let them on to market it will clog everything up, if i stop driving a cab tomorrow that will be the case regardless, and the city has definite problems, anything that makes it better, i'm glad you're working on this but we need something like a construction czar, the construction needs to be coordinated this is a major issue and to continue to explore something like congestion pricing it's called some cities have this where you charge people to build through certain corridors at certain times especially for people who don't live in the city, but any step in the direction of helping safety and traffic flow is certainly appreciated, you know, and that's really all i have to say. they are not the same as the cabs, there's only 1800 cabs, these cars can be 30 thousand, new companies may come into being and they're not under your policy control. you don't control them, they're not assets to don't be bullied, i know they're an extremely powerful cloud

all that treasure passing by an enemy fortification was an untenable position. the king of spain ordered pedro menendez deaviles to take care of the colony using whatever means necessary. menendez headed north with his fleet and there was a short battle between ships that can best be described as a draw. menendez then headed south and brought all his equipment and men ashore. menendez chose to meak a forced march using 500 of his best men, the 40 miles up the coast to ft. caroline. while shehe was engaged in doing this, a hurricane struck. the french fleet was enroute to the fledgling settlement of st. augustine, was caught in this hurricane, and swept south, all the way to the area of present day cape kennedy. the four ships were wrecked, but there were many survivors. this rag tag group slowly made their way north. it took the better part of a month, but they were stopped cold at the mattansas enlet, 15 miles south of here. menendez' tim uk wa allies notified him that shipwreck victims were trapped on the south shore of this inlet. menendez went south with men

so there is a polight you would consensus at the leadership level this is just untenable.rsonally agree with it? not really. but it is something that the greek government has been mandate today do just months ago in the election. >> thanks so much for your thoughts and analysis there. >> thank you. >>> still come on al jazerra the united states press renews his push to give the country's lowest paid workers a pay raise. >> next on al jazeera america. technology, it's a vital part of who we are. >> they had some dynamic fire behavior. >> and what we do. >> don't try this at home. >> techknow. where technology meets humanity. coming up next. only on al jazeera america. ♪ ♪ >>> welcome bark. let's recap the headlines here on al jazerra now. it's the final day of campaigning in greece for supporters of either a yes or no vote in sunday's bailout referendum. the international mon tear fund says grease needs an extra 50 billion euros over the next three years in addition to any bailout. bicycle haram gunmen in northern nigeria have killed dozens of muslim worshipers while they w

it's an untenable situation as i mentioned in my opening statement. >> mr. orseno, in your testimony you mentioned concerns within the apta rail conference about the ability of commuter rail to operate past the ptc deadline as it relates to liability and coverage. can you further describe what liability and coverage issues would prevent commuter rail that doesn't meet the ptc deadline from operating? >> well, when we were at the conference a question was raised on whether we can operate or individual agencies can operate past the deadline because you would be operating outside the confines of the law and there may be restrictions and liability coverages. all the commuter railroads are going back with their risk and legal teams to take a look and see if that's the case. >> you've already said that metra won't meet the december 31st deadline and in pennsylvania se he pta will not make the deadline either. in the worst scenario curse and commuter trail did does not receive any flexibility on the it dead rhine how would commuters who rely on metra or other commu

tom: what does untenable become? >> the greek situation continues to worsen, and i am surprised to find myself in the same camp as mr. schauble, that the grexit that he says will be better i think it will be better for greece as well. tom: what about german exit? it has been talked about moving the other way. >> i do not think that will work too well for germany, because as you showed in your chart -- and i have done analysis and when we do that going back to the 1980's, we use the deutsche mark as a deutsche -- as a proxy for the euro. if you use the german mark as the proxy, that will not do well at all for exports. tom: we will continue this discussion particularly his view on the new mediocre. what we will be looking at this weekend, should germany lead the eurozone? stay with us. "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance." let's get to top headlines with vonnie quinn. vonnie: a somber anniversary today in eastern ukraine. it has been one year since a malaysian airlines jet

all of these things would become untenable. you either need a long extension or haircuts.imm: alberto, the european central bank is your central bank, you are a european. would you be willing to spend real money to try to restructure this? upwards of 120 billion? it is not about spending new money. but earlier you said that this was a political issue, so the idea is that you need to get people to vote for you and some of them in europe say they want to not put more money out for greece. what would you do? imagine that you own a house, have a big mortgage and you know that you are not going to pay the mortgage. there are two options. you can restructure the mortgage with terms that are fair to you and if i am the letter i know that i can get some of your money back. or what is happening now is i am asking you to borrow more money and bring you more money back in the future, which both me and you know is not going to happen. instead of greece borrowing more money and basically having to pay more money later in the future, there needs to be restructuring so that the deal is b

they realized that the whole policyold policy was untenable. and it could have squandered the whole nuclear program and weapons program much earlier. >> it's very good to get your thoughts. thank you for your time. >> thank you so much. >> u.k. counter tomorrow chief say thatcounterterrorism chief has set out warning signs in their daughters. >> they looked like three friends off on holiday to turkey. but when thee these teenagers left london they headed to syria to join the islamic state in iraq and the levant. two have since married fighters there. their families are trying to understand why. the three girls all attended this school in east london. since their disappearance in february another five girls have had their passported confiscated by authorities who fear they could follow their former school friends to syria. >> sensing more could follow, police are running a campaign appealing to mothers to help. >> you can talk to your daughter about her feelings. you can see changes in behavior or signs she's about to travel to a conflict. you c

i think the "times" is in an untenable position.hile i think doubling down, usually publishers and authors don't want to take on "the new york times" because it is so powerful with that book section. here is a guy selling a lot of books and he can't get on the list. the back drop with the a.p. shooting itself in the foot. with that photo of a ted cruz second amendment event with all the guns pointed at his head. it does reinforce the notion that main stream media, not looking to give the texas center much of a break. >> great to see you. >>. >>> the effort to rewrite parts of our history has reached a point where some cities are not only removing monuments to the civil war. one town now wants to dig up the grave of a confederate general and his wife and give their bodies the heave-ho. that's right after this break. you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then libert

but today, because of this overwhelming fear that someone with a weapon is going to do something untenable these reactions on a national basis. it's unfortunate, but it's the environment we live in and i think all of us really need to take a deep breath and say that isis is not as big as we think they are, as they are being portrayed, and we have to control our fears about this organization. >> i don't think i've ever going to forget that category, can i say it it? >> i wouldn't try it. >> lieutenant general mark hert ling, thanks so much. >> have a great fourth. >> somebody needed to say it. glad he did. >> me, too. this fourth of july will not be all about the celebrations in south carolina. the naacp is about to hold a confederate flag protest at the state house. we'll go into that, next. when you're living with diabetes, steady is exciting. only glucerna has carbsteady, clinically proven to help minimize blood sugar spikes. so you stay steady ahead. leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your firs

generosity that's become untenable in the wake of bank closures and cash rationing. >> they stopped toe able to support us so we have one week of financial survival. >> reporter: but he is prepared to do whatever it takes to keep this safety net intact. >> we will fight for the children, fight going away going to the states begging international, doing everything we can to show our cause, to show that there is a need to survive, please support us. >> reporter: an unwavering commitment to family excooed by these people. >> translator: as long as we are standing up even if we don't have anything to eat, we will go out and do whatever it takes to raise them no matter what happens. >> reporter: this does not bring any relief to these people. they are staring down the barrel of more pension cuts and austerity, and as for organizations like smile of the child, they are very concerned about whether the people who were giving them donations who haven't been in the position to do so during bank closures there's no guarantee that they will be able to stump up more cash to help this charity. john

and they fight over what may be a currently untenable proposition of statehood for puerto rico which although there are benefits there are so many constitutional and economic obstacles to god that it shouldn't be the center debate. the center debate is how to resolve the debt of puerto rico and how to work the laws different way. >> host: that belongs to all of us puerto ricans. it has been a pleasure. good luck with the book. congratulations on your book tour in puerto rico. >> guest: thank you. ..

we're putting the navy in an untenable position to protect the sea lanes. we are doing nothing.aising an objection. we're not drawing a red line. >> our 600 ship navy is now 280. >> that 280 is becoming less and less important because of what's going on in the south pacific. >>> when we come back we'll ask senator santorum his thoughts about the rest of the 2016 republican presidential field. later he'll answer some of your questions, those you have been sending on facebook and twitter as we continue. >>> how do you know who to trust? look at the record. look at what they've been saying not just for this elicatione election for this speech look at what the record has been you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mut

we're putting the navy in an untenable position to protect the sea lanes. we are doing nothing.aising an objection. we're not drawing a red line. >> our 600 ship navy is now 280. >> that 280 is becoming less and less important because of what's going on in the south pacific. >>> when we come back we'll ask senator santorum his thoughts about the rest of the 2016 republican presidential field. later he'll answer some of your questions, those you have been sending on facebook and twitter as we continue. >>> how do you know who to trust? look at the record. look at what they've been saying not just for this elicatione election for this speech look at what the record has been for the last ten, 15 a 20 years. it's a calling.20 years. 20 years. a love affair. a quest. the next horizon. everyone loves the chase. teaching science can get pretty messy. drop! watch this... so i switched to tide pods they're super concentrated so i get a better clean. 15% cleaning ingredients or 90%. don't pay for water, pay for clean. that's my tide. you do all this research on the perfect car. gas mileag

but when you're just drowning in debt, disproportionately high relative to your income, that's untenablefor the students and for all of us as taxpayers. for so long, taxpayers were on the hook. students were on the hook. these colleges had no skin in the game. there is no sense of accountability. it was ball enrollment. getting more students in the door. and far too many vulnerable folks trying to do the right thing, trying to climb the economic ladder, get to the middle class were taken advantage of. >> the darrel of education has announced a loan forgiveness program. people who have been advocating on behalf of students say that it requires onerous steps to jump through. why not just offer the students a blanket debt forgiveness? >> so first of all, we were thrilled to close down krinlthian and get no administration has done more to challenge the status quo despite stiff opposition from congress. we've been working on this since 2009. what we have done is we're working with a number of students in corinthian. the process is not onerous to be clear. but this is new work for us and we wa

he's made himself untenable as a candidate.o end up with is hard core within the party, it might be anti-immigrant or anti-mccain, that's a small segment, as far as normal people regular people intelligent people everyday people they won't stand for that. again, i was at a ball game last night in new york in brooklyn and i had people coming up to me not political ideologues at all, they came from different races, backgrounds, whatever and they said the same thing, what donald trump did is wrong. you should never say anything like that about john mccain, this man is a genuine hero. i can't begin to appreciate what john mccain went through questioning his heroism is beyond me. >> congressman king thank you for joining us. >> thank you, wolf. >>> coming up more on donald trump's gop rivals. they're not wasting any time. they're going after him. you'll hear their angry reaction about his comments about senator john mccain's war hero status. no even the white house, the press secretary, they are weighing in stand by we'll tell you w

because fox is in an untenable situation. and if i'm the governor of ohio john casic and this is in my state and i'm not on the stage? do you think he's going to go quietly into that good niepgt? no. there are going to be ways to make noise that is not going to be good for the party. >> and to defend them here. they do want to try to help fix this. but they have 170 members with 170 different opinions how this should work. so this isn't exactly an easy thing for the chairman or his colleagues. >> let me ask. and then i want to get to jeb bush's money too because i want to talk about his bank account and the money he's been stacking. he's been doing quite well. but final question chuck, can you come back from being off that stage. you hear the candidates and their aids talk about it. you have to be on there. >> that's rick santorum. on all the early debates. so what did we do? i think we started this. we basically formatted the debate from highest polling out. so if you were the lowest person polling you were on one of the end

were to do more national interviews she'd be having to answer this question and being put in an untenable position. is this a wall street play? she knows she's going to get a lot of money out of them and doesn't want to infuriate them and doesn't want to be a target of the big oil companies. can you have it both ways? >> you can't. i think that is the problem. trying to be neutral so you can say to people look i'm going to get elected so i'm not going to take positions on these things. and as we just heard with bernie, we come right out and say this is what we stand for. no to the pipeline. but on the other hand $1 trillion to build infrastructure including all kinds of pipelines across america. but no to the pipeline and no to tar sands. >> here is the interesting thing about hillary's non answer. there are people in congress who are for keystone. it is not like she's going to be going out an on island if she says yes i think we should build it. she would get support from some canadians, she would get support from some canadian elected partial officials. the prime minister. there are som

there's some stock certainly where the business models might be untenable and over time will eventuallyed out but there are larger and well-known platform companies. i think the businesses are more sustainable. i think you can say there's a t is a bit of a bubble but it is very much on a case by case basis. until this gets corrected you're going to continue to see pressure on public companies. >> so what happens to a yelp? take away the fact that they are not up for sale anymore, apparently, according to yelp but they're seeing competition from tripadvisor and you name it, they've got competition coming from every side. what do you forecast their fate to be? >> yeah. i think in the interim it is just to try to grow as a horizontal player. in every vertical where they compete right now there is a well-funded competitor that's spending even more on marketing and devoting all of their capital and resources to compete in that one vertical. i think their key is to invest in marketing, try to make a platform with a much more demonstrable roi for marketers. i think that would really help them

he just put himself and israel quite honestly in an untenable position. woodruff: let's talk about hillary clinton. david, e-mails, congress has this special committee in the house is coming after her now they're saying the department of justice they've asked the department to look into whether classified information was shared that shouldn't have been. is she in real jeopardy politically or legally? >> i assume she shared classified information. it was all on this private server. there is so much classified information in government, i assume some did get into them. that is not a career-killer, that's not a president candidacy killer. but it is about her character and it is about why there was the privacy of the server, her unwillingness to release the server now which people want to get ahold of. deleting all the e-mails. i don't think however this shakes out it will be something to end her candidacy. but no question the sustained and continued investigations are stains. i frankly don't have clarity on what kind of investigations is about to happen in a

enabled you to be successful at the negotiator in northern ireland when other people felt the task was untenable. my follow-up question to that is why you refer to yourself as the negotiator rather than a mediator. .. there's no better explanation than that. although mediation does involve negotiation, and so it isn't as though it's inaccurate. in the book i describe some of the elements that i learned about trial and error. i had no formal training in the art of negotiation or mediation. what i know comes through experience in trial and error in a variety of roles. i think the first and most important element is humility and patience. it is critically important go into conflict situations particularly that those who were at the table own the process and own the result. because as i said there were many times when this is over i'm leaving. i'm going back on. you guys are going to live with the results. in fact, on the first day i said to them that if we are ever able to get an agreement, it will be your agreement. it would be your words. i did not then dream that it would be two years of discuss

>> varoufakis is saying the deal that was on the table is untenable.g is very strange on this. certainly the numbers they have come up with our big, scary numbers. >> it has been a long-standing view that greece has a sustainability problem. it also has a liquidity problem. a bailout to remove the sovereign from the market. it allows them to come back to the market. manus: the vice president was on the tape saying what matters most is the possibility of a greek deal. the greek banks are in a weaker position. monday morning of next week, they could open the banks at the touch of a button. is he deluded? are the leaders misrepresenting the scenario for greek banks? >> by the time there is an agreement, if there is one certain things will have happened. the government is campaigning for a no. you get close, the 20th of july, when the greek government has to pay. if there is a miss payment the central bank will get uncomfortable. it is important. emergency assistance can be removed. >> there is no universe in which anyone thinks the bank will dissolve thro

it is an untenable argument. we have got to move on. these leaders of american commerce declare in a voice the republicans should listen to -- quote -- "we recognize that delaying action on climate change will be costly in economic and human terms." while accelerating the transition to a low-carbon economy will produce multiple benefits with regard to sustainable economic growth, public health, resilience to natural disasters and the health of the global environment. that's quite a crowd to sign off on that statement and more will come because other companies like v.f. industries and mars and unilever agree with them. mr. president, our good earth is sending us a clear message. the message that our good earth is sending us is that carbon pollution is driving unprecedent ed change. it's showing the change happening in the earth around us. voters too are sending us a clear message. they're speaking up to say that climate change is the problem and they want their leaders to take action and that it's time we got our heads out of the sand. u

secretary gates, now president of the boy scouts, has said that is untenable.the right answer is the partial discrimination or some discrimination but the right answer is no discrimination just like the 4-h club and a campfire boys and girls and the girl scouts. i hope the boy scouts would get with where the members are and where the parents are and what young people are and realize when you said you were there to provide import and could support to all kids, you cheated -- you should be provided to all kids. >> what institution in america is most gay hostile? >> i think generally speaking that are parts of the religious community, religious infrastructure in this country that remain hostile and continued to send messages of exclusion and unwelcome and demonization and dehumanization. serve not all religions but there are many religious voices on the other side. the majority of the american people who continue to identify as religious have moved and figured out a way to tune out some of what they're hearing from some other hierarchy and go to their true values

through here at bloomberg television has said that the amount of debt greece has leaves them in an untenable position. debt relief must surely be an integral part of making a robust and long-term deal. >> you should also take into account that this debt is quite specific. most of that debt comes from public investors or public creditors. this is a bit different. meta-merkel is absolutely right. you can't make debt relief in nominal terms. this is forbidden by the treaties. we must find some way to work around -- manus: what it be 20 years, 30 years? >> the term of 30 years was announced by the imf. i wouldn't think this is going to happen. i think we will talk about shorter periods of time and shorter grace periods for the interest. this will be the discussion. manus: thank you very much for giving us a framework to work with. rimantazs sadzius. stay with us. we have the cypriot finance minister after the break. ♪ manus: welcome back to "the pulse." i'm manus cranny. we have alberto gallo joining me. we just spoke to the lithuanian finance minister. capital controls and liquidity for the ban

here as having happened could not have happened without the disaster because politically it was an untenable situation so for those of you who know naomi kline disaster capitalism this is the next chapter. cap and the system. happened with the hospital. a terrible story, the worst urban renewal demolition story as i mentioned earlier in the country that i have seen still a disaster. 10 years later this over expansive new system can't even open because there is not enough money in the neighborhood was destroyed so you have got schools coming up a hospital in the public housing pic story in my book. what has happened with the public housing whether you agree or not could not have happened without katrina. the transit system was turned over to a private company. a french company now runs public transit system in new orleans and it's not better. cities across the country are improving their transit systems, new orleans is going backwards. he was the head of the regional transit authority and help me remember. >> we have a wonderful opportunity to clean up the city. we just need to get rid of the

five years on, this is untenable. much, jim caron, don, thank you, so much perspective on china with evercore isi. let me do a forex report. it is quiet. we had a 41.$1.24 yen . stay with us. mike mayo next. ♪ >> this is "bloomberg surveillance." tom: if brian moynihan consolidates power at the bank of america, the chief financial officer is shown the door. oil and metal try to find a bit of the commodity carnage continues. west texas well below $50 a barrel this morning. a conversation with a ceo who knew a third of his revenue was going out the door. eli lilly in the meantime went from $30 to $80 a share. good morning, everyone. this is "bloomberg surveillance." we are live from our world headquarters in new york. i am tom keene. with me brendan greeley and vonnie quinn. our betty liu will speak with the dow ceo. vonnie: sales missed but earnings per sure beating estimates by a big amount. $.91, estimates were $.82 a share. $13 billion the estimate. comcast also meets estimates on the bottom line, $.84 a share. reve

it's been clear a long time the greek situation is untenable and requires debt relief and its conditionality. but now the center of the negotiations is political and it's hard for people to handicap. tom: i got gold brendan, down six dollars, to $11.67. there are interesting moments on a tuesday. >> and the market strengthens some negotiating positions in brussels and do you see any movement or any theory? brand that's correct. the long time threat will be worse for you, the rest of europe than for us because of dwhrobal market contagion. you saw some -- global market contagion. you saw some people still talking that story and last monday's market reaction was more negative than yesterday's market reaction. so what's happening is that position from the greece, that the exit would be very negative for financial markets is really being undermined it. so with that the reality that is setting in is perhaps at the end of the day greece exits. and it's not the end of the world for either. it's much more negative for the greek people than it is for the rest of europe. tom: we haven't talked about t