thomas in maui >>> a global economy and development fellow at the brookings institution violence us from washington d.c. >> i know ut testified. this is the facest growing region in the world. do you think it's essential for the u.s. to be part of it. not to be marginalized from other efforts in the region. >> the ttp will be a significant trade agreement that's been concluded in a long while. since the conclusion of the organization 20 years ago. it will be a key opportunity to access new markets, and is one of the fastest growing regions of the world. not only is it fast growing economically, but midful -- mid class growth. importantly, it's going to be an opportunity for the u.s. to have a key role in making sure the type of development in the region going forward is market orientated rather than the more government-led type of economic model that china followed. >> andrew thomas raised the spectre of china in his report. how important is the deal to counter the growing influence of china in the region. >> so it's growth an opportunity and a hedge with regard to china, it's an opportunity for th

joining us from washington shannon bream and eric shawn. t the mexican border situation. >> believe it or not mexico is tougher on illegal aliens than we are in terms of illegal aliens from central america, they have detained more than the united states. according to the washington office on latin american human rights group mexico has detained 93,000 illegals from guatemala, el salvador while we have detained 7,000. >> mexico southern border and it's its province was wide open that anybody with some money could get through, all right? but then the u.s. put pressure on mexico, big pressure and they sealed the border about 18 months ago. is that true? >> that's been happening now. mexico deployed 5,000 police. >> all right. so mexico put 5,000 federal police on that border which is small. >> about 500 miles guatemala. they raid hotels. freight train that goes north, they have been raiding that train. there is concerns about human rights violations because of that they have really taken a tougher stance than they have before. >> do we know why

alan joining us from washington. betty: i am signing off.in the next half hour, canada stance on the brink of recession for the country gets hammered by the drop in commodities. we will have an exclusive interview with canadian prime minister stephen harper, next as bloomberg market day continues just in moment. ♪ mark: welcome back to the bloomberg market day. thank you first thing with us. -- for staying with us. the head of the international monetary fund says the world economy is recovering but still fragile. christine lagarde also made another call for greece's creditors to reduce the company's debt burden. -- country's debt burden. fly, they program to significant that restructuring should take place -- debt restructuring should take place. confidencexpressed the imf can work with the left-wing government of the greek prime minister. set aer up in arab red record after the bakery chain reported that sales rebounded -- panera bread set a record. panera has been redesigning its restaurants, putting a bigger focus on natural ingredients.

joining us from washington d.c. is former ambassador, nicholas burns, former lead negotiate on iran's nuclear program. always good to see you ambassador. >> good evening antonio. >> you testified at the congressional hearing and you said you are in favor of the agreement because there are greater risks in not having it in place but you were also very clear that the administration needs to take a tough line on inspections and enforcement if there are any violations. >> that's right. i think this is a good deal for the united states because it essentially freezes iran's nuclear program for next ten to 15 years. iran has been accelerating forward since ahmadinejad took over. our other message is there are some down sides, there are some risks. after the expiration of this deal ten to 15 years from now iran will have a theoretical right to reconstitute that program. we've got to be ready for that. its aggressive actions in syria iraq lebanon, if you will, what i was argue for today was go ahead in the nuclear deal but p

to convince them that the government is serious about returning to negotiations. >> joining us from washington d.c. is the middle east advocacy director for human rights watch. good to have you with us. polls show a majority of israeli jews oppose a freeze and in a poll a majority opposes rebuilding in gaza a decade after israel pulled out. most of the parties don't want a freeze. so politically, is there much hope that settlement will stop? >> well, there is a lot of talk about a freeze but as we heard before this, there's no real freeze on the ground. settlements have been expanding through the recent years. the minister of israel recently had a statement saying that she was considering what she called legalization of some settlements, as if there was such a thing, a legal settlement. because according to israeli standards some are considered legal, some are not. >> depending on the land whether there was a building a permit in the beginning. the distinctions do not make sense with record to the law. every settlement is illegal. that's the conclusion of the convention saying opening powers c

both joining us from washington d.c. . >> i'll begin with you. according to fortune magazine, the average bonus for a broker was $172,600 last year. the average wage earner on main streak making understand $46,000. -- making understand $46,000. why is that fair? >> i think the bigger question when looking at the minimum wage is who are we taking opportunities from. it's clear when we increase the minimum wage, especially in levels seen to $15, that's going to cut off a lot of opportunities for young people. over half of those earning the minimum wage are under 25. >> two-thirds work unsigned. you'd think with the political teaks this would be a major part of the workforce. it's 3%. i'm looking at the facts from the u.s. department of labour. increasing the minimum wage will cause people to lose their jobs. 600 economists, several nobel prize winners signed on to a letter supporting raising it to 1010. is the labour department lying. they say it doesn't make a difference or say what you say it says. >> well people... >> i'll let the doctor answer

us from harm. joining us from washington, mary katharine ham author much the book "end of discussion."the city juan williams both fox news analysts. this 32-year-old woman kate, professional woman out for a walk in one of san francisco's big tourist areas, guy shoots her to death. the mayor of san francisco and a city supervisor, they are responsible partially for this. are they not? >> no. >> no? the feds asked the city directly to hold this guy in prison and they wouldn't with. >> that's because they are sanctuary city. >> okay. who is the policy on that? that's the mayor and the city supervisor make the policy. you are saying they are not responsible partially for the death of this woman? how does that stack up? >> they didn't find the gun shoot the gun. the guy is an alcoholic apparently. >> drug addict. >> drug addict. you know more than i do. obviously it's a disturbed person bill. >> okay. >> vow a sanctuary city. >> he should have been in jail. >> okay. >> all right? the feds asked san francisco the city to put him in jail and hold him. the city of san francisco said we are not

and lisa is following that story for us from washington. >> tony, as jamie indicated the fbi not only identified him. but told us his able. he's 24 years old. we have a photo of abdulazee. this was taken a few months ago, apparently when he was stopped by the police, his only known interaction with the law enforcement, he was arrested allegedly for drunk driving and that was just a few months ago in april. we believe that he was born in kuwait, but he has spent much of his life, if not nearly all of it in the united states. the family moved here, we're told in the 1990. in the fbi statement identifying abdulazee as the shooter, they go on to say that it would be premature to speculate on the motive of the shooter at this time. we will conduct a thorough investigation of this tragedy. abdulazeez was seen driving a mustang in the shooting, and he pulled out a large rifle. and they have been going through that and they will be going through the family home, owned by his parents where abdulazeez is believed to have still lived and that's outside of the city of chattanooga. his father work

you'll see the battle taken to the spoilers. >> joining us from washington d.c., thank you so much for having joined us. >>> police say at least 14 have been killed and 40 others wounded in a series of bombings across the iraqi capital baghdad. >> eight people, including five civilians were killed in a bombing at a checkpoint. a roadside bomb killed two other people. >> and the iraqi security forces say i.s.i.l. fighters launched attacks between baghdad and i.s.i.l.'s strong hold of fallujah. it's one. last places held by trial and security forces. 1,100 are understood to have been killed. shi'a militias say they are advancing 50km north of baghdad, saying they recaptured villages held by the armed group >>> israel released a palestinian prisoner that went on a chunker strike after being held for a year. khader adnan has been held in detention. >>reporter: a hero's welcome for a man used to israeli prisons. he was held under administrative order. it allows israel to hold them in prison for many years in some cases. it's not the first time khader adnan has gone on hunger strike in deten

we have also got jordan robertson with us from washington, d.c.. th me in the studio you see a professor of nuclear engineering. thank you all for joining us. professor, i will start with you. iran used to reduce uranium at 93% enrichment. that was brought down to 20%. how landmark is this deal? how much of a breakthrough is it? >> this deal is adequate to make sure the build weapons, in my opinion. emily: what does it mean? what can that power? edward: that is ordinary reactor fuel in most countries of the world. almost every other country has that as the normal enrichment for nuclear power. emily: yet you think the most important words in the deal are what? edward: take the enormous document and look at article 15. it says that iran will allow the iaea to monitor online enrichment measurement and use electronic seals. those are the most important words. we can look at every one of these in the system and look at the enrichment going around in their separation cascade. emily: jordan, i wonder from you, there will be huge pressure to survey their ac

joining me, peter is back with us from washington. we have seen the price inch backup. is what, $250 -- $270? that's down from a high of $1200. how much does this rise have to do with greece? guest: i think the last month it was between $220 and $250. now it has been turned to $75 at a high this morning. emily: bitcoin is pretty volatile anyway. who is to say that this is not just speculation? peter: i think it is speculation, quite honestly. speculation is a tricky thing. when you see something in the news like a sovereign debt crisis, you look at other assets to secure your money. if you're in greece, you do not have that option. i do not think we are seeing a lot of capital move into bitcoin from greece itself, but if you are from a neighboring state that has a debt problem, say portugal or ireland, you're thinking, hey, maybe i should diversify, stay away from treasuries and consider bitcoin. but that's a speculative move. that's a thought, this is an option outside my other investment vehicle. it's not an escape. emily: most of the bitcoin exchanges are not open in

thank you for joining us from washington, d.c. thank you. >> well, an american tourist accused of killing a much-loveed lion in zimbabwe says that he hunted the lino legallyion legally. he's now wanted by zimbabwe policering. he said he will cooperate. >> the newswire is buzzing with this story not just because of the legality of the killing of cecil who was lured out of the park and then killed--not killed but injured and then hunted for 40 hours. the land he was lured on to did not have trophy hunting licenses around and it would appear that those involved are going to face criminal charges. but the situation facing lions in south africa is extremely dire. 30 years ago there were 30,000--sorry, 80,000 lyons. now there are between 252,000 and 30,000 lines. and trophy hunting is really one of the causes of that decline. >> this conflict has brought appalling damage on an already suffering people. we must redouble their efforts to bring a pause in their fighting to reach all those in need with basic assistance and urgently to give

. >> doug johnson joins us from washington. he is a senior policy and trade group representing banks and credit card companies. using chip cards, the united states is just catching up, why is the united states behinds european states. >> we had technology in states at an earlier stand point than europe that was catching frauds as they occurred. we had the ability to manipulate the large bases. europe didn't have the telecommunications technology to do that. they went to pib and chip and we did not. as you know in the united states, we have a tendency to work towards market solutions. it's not a good idea to legislate technology because it changes. a lot of target customers might have wished we legislated that technology. wouldn't most put the break into target, that it had been prevented if it had the chip and cards. >> no, sir, the chip would have had no effect on the breach. the target breach was a msive in trusion in credit and debit card data. half had pins associated with it. the information would have been available to use

jeffrey joins us from washington. ambassador, you called this agreement inadequate. secretary of state john kerry said there was no viable alternative. why isn't he correct? >> he's correct in one sense in that the international community did not want to wage war on iran and certainly americans didn't and iran was not going to give in and give up its entire infrastructure for uranium enrichment. so in that sense, we didn't have an alternative but what we could have done was to get a somewhat better agreement. little things matter. it was the u.s. that introduced this u.n. resolution several days ago. this is rubbing salt in the unnecessarily. there are a lot of little things about this agreement that make it worse that tougher negotiating and more patience could have fixed. but in the end -- >> give us an example of some of the little things you said could have been better. >> certainly. the limitations on weapons and missiles are each five and eight years. they could go longer. they could go for the ten year period of the entire u.n. effort with, that is in the fram

why america must accept the public relations of iran, and she's a visiting scholar and joins us from washington. other than the ability no monitor nuclear activities, how does an agreement benefit the united states. >> it would be a strategic windfall for the united states. u.s. policy in the middle east is in free fall. we are flailing from iraq, libya, afghanistan, syria - the whole region. we need a strategic realignment to recover our own position in the middle east. >> let's assume you are correct, that the united states standing in the middle east is a free for all, would it make sense instead of antagonising israel, saudi arabia, and those turning to russia instead of iran, and antagonising egypt, turning to russia, would it make sense to listen to them and not worry about iran. this is the problem. we don't have strategic balance in the middle east, we relied on allies not representing the majority of the populations whom they control, and turn to them, each though the allies in saudi arabia continue to arm fund and train jihadis across the region. osama bin laden, one of the first arme

from people who were jewish. after making a controversial comment this weekend regarding the us nuclear deal with iran. craig boswell has details for us from washington. >> mike huckabee refuses to apologize for controversial comments he made about president obama's deal with iran to curb its nuclear program. >> he would take the israelis, and basically mark them -- march them to the door of the off glenn comment have drawn criticism from president obama, the israeli ambassador to the u.s., and several of huckabee's gop presidential opponent. >> i certainly don't use ladies and gentlemen like, that i tell them against the iran deal, it is a bad deal. >> huckabee says iran has threatened to wipe israel off the map with another hole owe cast. >> will not apologize will not recant because the word hole owe cast was invoked by the iranian government. >> president obama and others suggested governor huckabee just trying to get attention in a crowded field of republicans running for the white house. this morning, huckabee rejected that claim. >> if i was going to make noise, don't you think i would have better forum than weekends satellite radio show that

joining us from washington so there isn't a lot of time here. what does congress have to get done? that's right. there are at a least five big ticket items on the gentle in washington as congress goes out for a summer break. when they come back this fall take look at this to do list that they'll to have get through somehow all the partisan bickering in washington. they'll have to work on a highway bill just tonight. the house passed a short term extension. they'll have to deal with the export import bank. the senate tried to get that through this week and the house said no. they'll to have figure how to improve the iran nuclear deal. and the debt ceiling and a continuing resolution to fund the government will all be on the agendas. a lot of work coming up this fall. >> which of those will get done? >> that's a great question. the thing that get done are the absolute must passes. i think the continuing resolution you can bet that will get done. i think raising the debt ceiling as tough as that is as a vote for republicans, that will probably get done too. some other things might be

washington. >>> let's get more reaction from the u.s. on this deal now allen fisher is live for us in the u.s. capitol washington and allen it's just coming up, to 6:00 in the morning there so many people still waking up to the news of this historic agreement. what are they likely to be saying? >> well, i think the views on iran are very polarized in the united states because of the calm outlined and what is a dislike and distrust and hatred of iran because of the hostage crisis and those against iran will be against the deal and it's telling that benjamin netanyahu will perhaps set the tone for many republicans in this country and remember he was invited to speak to congress a few months ago to express his distrust of the deal to express his dismay negotiating and republicans will take the view from that. what is likely to happen is there will be moves in congress to try and block this bill. can it stop america signing up to this agreement? no it can't and they can impose a bill saying america cannot lift sanctions and president obama could veto that and we have to go back to cong

mike viqueira joins us live from washington. what more are you learning about this plan?> reporter: for months they couldn't agree on the best tactics to confront isil now there's new cooperation and a new agreement, but turkey has a different agenda and another enemy than the united states. a week ago in the border town turks gather in an anti isil protest. moments later, tragedy. [ explosion ] >> reporter: amid the chaos, 32 are dead. isil is respect -- expected of carrying out the attacks. the next day turks urge the government to do more. against this backdrop of unrest turkey stepping deeper into the fight against isil. agreeing to allow coalition aircraft to fly out of their air base and the turks have launched their own attacks against isil targets. now the u.s. and turkey are negotiating a so-called safe zone in syrian territory held by isil. what is under consider is: talks are ongoing. said to be on the table, a 70 high pressure mile strip along turkey's border with syria, potentially a haven for the roughly 2 million syrians now in turkey. but first isil would

abc's bazi kanani has more from us from washington. >> reporter: a new warning about the islamic state's new strategy. >> they have invested about the last year in pushing a message of poison. >> reporter: fbi director james comey says isis propaganda spread via a slick social media campaign is working. some 21,000 english speaking followers worldwide. the terrorist group constantly urging those who can't travel to fight with them in the middle east to strike at home. >> isil is not your parent's al qaeda. it's a very different model and by virtue of that model it's currently the threat we're worried about most of all. >> reporter: unlike al qaeda comey says isis will says anybody, even unstable drug users which is how mohammad abdulazeez is described by his family. comey says it's too soon to know if abdulazeez was directly inspired by isis but in just the last couple of months the fbi has arrested a significant number of other americans who were. like 23-year-old alexander ciccolo, the son of a boston police captain. investigators say he planned to attack a boston campus to execute non

jamie mcintyre joins us from washington. the fight is beginning on capitol hill. >> that's right. president obama wasted no time trying to make the sale beginning with remarks at 7 o'clock this morning washington time. and described the deal as not just a significant effort to teen iran from getting nuclear weapons, but a turning point in u.s.-iranian relations. >> reporter: president obama hailed the agreement as a trim um of in negotiations. >> tough talk from washington does not solve problems. hard nose diplomacy, leadership that united the world's major powers offers a more effective way to verify iran it not pursuing nuclear weapons >>> hassan rouhani waited until president obama stopped speaking before taking to the airwaves himself saying it marked a new time of diplomacy. >> translation: the relations between us today has a new beginning. we would like more affinity unity and extended relations with you. >> reporter: for almost a decade, on again, off again talks began. tehran insisted its nuclear programme was for peaceful demonstrations. a breakthrough came two years ag

washington. joining us from -- joining us from washington is phil mattingly. what is it that trump filed?there a disparity between what he said in the past, what he says now, and what people say currently? >> he filed what is known as a federal financial form where you list all of your assets and within ranges show what they are worth. we will see the actual form sometime in the next month when the federal election commission puts it out. so, is he worth $10 million? you might get some sense of that from the form, but as he pointed out yesterday the top range on the form is over $50 million. if there is a billion dollar worthng but it is only $500 million, he checks the same box. it's hard to know what he's worth. he's had a lot of different claims over the years. claims his brand has value, which is difficult to measure. we will have some sense, but we will just to -- just have to listen to what he says about what he's worth. we heard from donald trump, but what about the other candidates? david: -- phil: in the last way four hours we have a sense of what they have on hand at what they c

abc's bazi kanani joins us from washington with more. good morning, bazi. >> reporter: good morning, reena. good morning, t.j. that call comes from "the des moines register." the editorial board calling him unfit to be president and says he should quit his campaign but trump is emboldened by his poll numbers and remains defiant. did donald trump go too far with these remarks about senator john mccain?. >> he's not a war hero. >> he is a war hero. he is a war hero because he was captured. i like people that weren't captured. >> reporter: the blowback coming from top republicans, even democrats, but mccain says he doesn't want an apology for himself. >> what i think he should do is apologize to the families and those who have served. >> reporter: trump dismisses the criticism saying john mccain let veterans down as an elected official and that he should be the one to apologize for calling the crowds at trump campaign rallies praisees. donald trump has weathered the storm over controversial comments before. last month calling mexican immigra

he joins us from washington. also with us is alix steel. at it, let me start with you. favor at a out of time when uncertainty reigns? china, why ise in this not a safe haven? ed: the institutional side, the sentiment has been negative for a while. gold hardly data. budged. when you look at individual investors, they have been buying up gold like crazy. i used to be head of the u.s. mint. from 20,000y went ounces to 100,000 ounces. the little guy is buying up gold. scarlet: we know institutional he that there hasn't been a lot of -- been a lot of love for it. the smart money just isn't by nana. alix steel: that's not what i am hearing in asia. there was a big block seller. there were margin calls. you can point that out in the chinese stock market. you need to get your cash. gold is going to be a way where you can do that. there have not a lot of ways to invest a side from golden that accelerated that huge dip that we saw. we did rise above that. that is where the marginal costs will wind up coming in. if it's below that for long time, they will help maintain production

joining us from washington d.c. is lisa stark lisa you have been following trail that investigators are pursuing, involving mohammed yousef abdulazeez, what are the motives they have about him and the possible motive? >> we have heard from the homeland security side representative mike mccall of texas. he gave us some details we did not know previously. he said abdulazeez was carrying a fully loaded ak ak .47. all the electronic devices on their way to washington, d.c. where they will get a full forensic analysis, looking to see if there is any connection to any terrorist group or whether he was motivated by any terrorist group. and in fact, what mccall said today is that he believed the islamic state in syria was the motivating force if you will, if not directly then at least online for this attack. here's when he had to say. >> so my judgment in my experience is that this was a i.s.i.s. inspired attack. and it has been open as a terrorism investigation by the fbi which is a very significant event in this case. >> r

doctors especially concerned because he's 91 years old much abc's bazi kanani joins us from washington where she's been tracking the story overnight. good morning, bazi. >> reporter: good morning, reena. good morning, t.j. president obama was president bush was taken to the hospital. his spokesman said he remains in the hospital out of an abundance of caution because of his age. former president george h.w. bush is recovering at this hospital in portland maine, this morning suffering from a fractured vertebrae in his neck after falling at home. he is fine says his spokesman in stable condition and will not need surgery. it's not known yet how or why the 91-year-old fell at his summer home in kennebunkport, maine. pictured there last month at a family gathering in the wheelchair he's been using for the last two years as he battles a form of parkinson's disease, one of several issues the former president faced since leaving office diagnosed with graves disease in 1991 a thyroid condition. he spent two months in a houston hospital for a bronchitis related cough and other issues and last d

let's get the latest now following the story for us from washington, d.c., what more do we know. >> take you to the major for the latest. >> we no of know active issues right now. we do know that we have four individuals who were killed who are victims we know that the shooter was killed at the scene as well. also, one chattanooga police officer was shot in the ankle and is been streeted very well, as well as there were some other individuals who were shot and have also been treated. i want to say again, it is incomprehensibleble to see what happened and the way that individuals can proudly serve our country were treated. two different locations this individual went to. and as a city, we will respond to this with every available resource that we have. i have behind me individuals from the fbi the atf chattanooga police department, every single resource that we can summon. this is as i said, a nightmare for the city of chattanooga. one that to which we will respond. with that, i will give -- >> the shooter or -- >> that's a fifth person. chief. >> thank you, will mayor. >> the mayor share

john harwood joins us from washington.r's not only changing the business world, but the political world. why have so many politicians not just mayor de blasio here in new york latched on to it and made it the target of political warfare? >> reporter: what do they say about economics? it's about creative destruction. and when you have creative destruction. some things get destroyed. old models old incumbent firms, and in the case of bill de blasio in new york he is raising the issue of traffic congestion but the rise of uber is also threatening the incumbent taxi drivers who have relationships, financial relationships with the city with its politicians and so that's not an insignificant item. secondly uber represents broader changes in the national economy, that's what hillary clinton and some democrats have pointed to. although they are not to be fair to democrats, they are not saying uber is bad in and of itself it raises some problems and underscores some problems in the economy we have to deal with. >> what about the re

steve handelsman has the story for us from washington. >> reporter: hillary clinton went to miami to maximize the impact of her call to resume trade with cuba and allow travel there. >> the cuba embargo needs to go once and for all. >> reporter: despite opposition in this biggest of swing states, most u.s. voters support the clinton position on cuba. but fewer support her. the new quinnipiac poll found clinton slipping to a tie against republican scott walker and jeb bush in head-to-head match-ups. and clinton's negative numbers are her worst ever. 57% said clinton is not caring or trustworthy. only donald trump did worse at 58%. jeb bush in ft. lauderdale said faith in our institutions needs repair. >> it's up to all of us to work diligently to rebuild that trust. that happens one person at a time. one politician at a time. >> reporter: donald trump is still in scotland, boasting about his big lead in gop polls. 20% in quinnipiac, double jeb bush's number. >> i think we're going to get the republican nomination. >> reporter: trump is the only major gop candidate she does beat today,

thank you, congressman brad sherman, a democrat from california, joining us from washington.hen you shut down the main banks that help companies sell products overseas? we will find out what trade looks like without the u.s. import export bank. ♪ pimm: welcome back. top stories. soccer's world governing body has expelled one of its top ranking members. wask blazer's guilty plea unveiled in may. he served on the executive panel for 16 years. rolling out a fantasy sports service. football,n create baseball, basketball, and hockey teams and compete for cash prizes. playing fantasy sports for money is permitted. the time for apple's smart watches come and gone? a research firm says sales are down 90% since they were introduced. the of the watches sold are lower-profit styles. not released figures and is not commenting on the report. franklin roosevelt created the u.s. import-export bank to help u.s. companies sell goods and services overseas. it provides loan guarantees. last month, congress let the charter lapsed. officials say it is federal intrusion into private markets. the b

joining us now from washington kirsten powers and here in new york city monica crowley.enthood saying it's donations. that's how they are trying to spin it it's more than spin. there is a federal law against selling body parts. >> right. >> okay. so how much trouble do you think they are in? >> well now we have the second -- a second top planned parenthood executive caught on tape cavalierly discussing the sale of fetal body parts and tissue. i would think that where there is smoke bill, there is fire. this has been a bad outfit since its inception and now you have seven state governments as well as three congressional committees investigating into whether or not weather they are, in fact, in violation of federal law. >> what do you say kirsten? >> well, i think these are very alarming videos, but i also think that calling it a sale is probably overstating what's going on. but i think what they are doing is still improper. certainly unethical certainly immoral. and they are haggling over how much they are going to -- they would say get reimbursed for this. >> all right s

deirdre: and those five blank pages is the females thank you very much for joining us from washington d.c.. keeping the system with the unfair advantages is the crux of the insider-trading. deciding it is not a crime if the traders note that the person tipping them off could benefit they're asking the supreme court to review their rules that with me now has the obama administration said this standard that assigns the burden of proof who may benefit basically makes it easier for people to cheat. >> i am not sure if it makes it easier but i think it makes them harder for the government to put people in prison here for insider-trading violations. the case said the government had to prove that someone not of the new the received the information with a breach of fiduciary duty but they also had a personal benefit according to him or her. so that raises the standard for conviction and to portfolio managers. >> the supreme court obviously is on summer holiday so what are the chances when they come back it will prioritize this review? >> it is a very important case. with the idea of downstrea

. >> and pierre thomas now live with us from washington, and pierre, you were in two separate meetings with the fbi director in recent weeks, and this is precisely what he feared? >> reporter: exactly, david. last week, he was blunt. warning emphatically that isis poses an active and ongoing threat and he told congress he could not guarantee that every plot would be stopped. what happened today was very much the type of scenario he was worried about. we don't yet know if this was an isis-inspired attack, but i can certainly tell you, this is exactly what he was worried about. david? >> pierre thomas thank you. >>> and pierre as you know president obama late today in the oval talking about his briefing with the fbi, and here is what he had to say. >> i just received a briefing from fbi director comey as well as my white house team about the tragic shooting that took place in chattanooga today. we don't know yet all the details. we know that what appears to be a lone gunman carried out these attacks. we've identified a name. and at this point, a full investigation is taking place. the fb

. >>> joining us from washington d.c. is an economics reporter from "the wall street journal", who has been following the greek crisis. good to have you with us. this last-minute plan as much as we know of it means more austerity and sacrifice for the greek people. is it enough for greece to get the bail out it needs. >> the thing is the extreme hardening on both sides. you have the greek referendum frowned upon which the grech officials. it was seen by others including noted u.s. economists as a fair way to get democrating backing for a debt deal. politically, it seems to have backfired in the sense that the european position hardened and there doesn't seem to be a willingness to compromise. we could have this conversation a year ago or two years ago. we have been on the brink over and over. another question is has the two sides grown so far apart that they are no longer able to come together. >> that's the big question. >> the international monetary fund and u.s. weighed in saying the greek debt is unsustainable, putting