it's almost a mini version of vanguard.h of these countries are offering products that are super cheap, and that's why hedge funds are worried. betty: amazing numbers. thank you, air ball tunis. -- eric paul tunis. -- eric balchunas. are missingmpanies sales targets, and cutting forecasts. ♪ betty: live from bloomberg world headquarters in new york and london, i'm betty liu. caroline: and i'm caroline hyde. you are watching "bloomberg markets." taylor: it has been called the financial messaging system in the world but now, cyber crooks have attacked it again. this attack involves another unnamed bank. this may be one of china's leaks ever of personal sensitive information. of -- jackformation moa and others. many tweets were quickly deleted. ship had 140 egyptians and 40 iraqi's onboard, all rescued from the mediterranean sea. only one of the two people rescued were thought to be syrian. the secret service will investigate donald trump's armor butler for making threats against president obama online. -- former butler. on fa

when gordon opened at the village vanguard, he wasn't sure how he would be received.over because they knew about him-- he didn't think they did-- and they were there waiting for him to appear, and here he came, this long, tall, beautiful man-- so elegant, you know. [crowd cheering] lorraine gordon: and he just played this gorgeous music, and people just went nuts, and happy and thrilled, and gave him the honor he truly deserved. [gordon playing let's get down] man: dexter gordon was one of my favorite musicians when i was growing up. my dad played saxophone and had a lot of records of dexter gordon. and i was present at the village vanguard during his homecoming week, and it was just amazing to feel the impact of his sound and his presence. to be in a room with him... at that time, for me-- i was 23 years old at the time-- and...it just hit me like a ton of bricks-- just his sound, the power of his tone. narrator: he played straight-ahead jazz-- without synthesizers, without electronic bass, without a drum machine-- and the crowds stood to cheer him after every tune.

vanguard has $440 billion with the managed bond market.n as a lot of people look on the passive approach, actively manage products, they underperform. what is your opinion on that offersegory: vanguard over 50 portfolios. 26 of them are active. is plenty ofere room in the portfolio. the passive piece is a core part of the portfolio. based onay it on top these individual tolerances of an active approach. as we said earlier, the active portfolios do very well. especially when compared to long-term performance. that is what we're really focused on. carol: on a turn to the fed for a second. as they continue to hold off raising rates, how will that change your strategy? gregory: we are looking at the market now. the market consensus is pricing that in now. get some outside surprise coming in, which we do not anticipate, we think that the market will stay relative. we believe it will stay the course. treasuriesthe through the market. so, we think it will convene. john: quite obviously, the yield picks up on u.s. credit. there is an advantage. th

>> i know vanguard is an index manager, but we are active., we don't focus on it a lot. the importance is the underlying data driving these, which seemed stillicate growth is something robust. but is not something we were sure of a few months ago. haidi: but it is toss. murky.is down and profit is still fairly low. where'd you find returns in this environment? john: what we try to do is spread across all of the sectors , industry neutral, to find firms in the environment better than competitors. for us, where you start, not worrying about the aggregate environment, but can we find firms in that environment doing well? even here, there are still some managing to grow rates, gross sales and keep things going. haidi: sector wise, what are you looking at? what are you liking? john: because we are neutral, we try to balance out this exposure. we want to be careful not to get too much sector exposure. with the changes in the oil market, that has been tough. haidi: i was going to say, what about energy? john: this has been severe, and things you loo

these are some of the photos taken from vanguard properties which is in charge of the sale. it features nearly 3000 square feet of living space, including three bedrooms, 3 1/2 bathrooms, a classically designed garden. they mainly used the exterior of the home on broderick. the pictures from inside looks a little bit different from the "full house" which was shot in a studio in burbank. >>> she shia labeouf is working on a project. he's recording a cross country trip for a tv documentary but it's not just any cross country trip. every day labeouf tweets out his gps coordinates and location. the first fans to find him get to hang out with him, ask him questions, maybe even take a ride. he's using the #takemeanywhere to post his location every day. labeouf has spent this week in colorado and wyoming. >>> and a huge i can't bea dab -- yabba daba don't. a driver in trouble with police in key west left this replica flintsstone's car illegally parked. officials in key west, they are looking for the owner of this car. it looks like it belonged to bedrock but they have towed the aba

this is in the vanguard grou p fund, beating a basket of hedge funds.s go to charity and the update he gave was that the bundle had returned 28.9% through 2015, whereas the s&p 500 soared 65.7%. what he is doing is hitting hedge funds while they are down. we have seen as investors pulling money from hedge funds while investors moving into index funds has increased. those who recommend investors invest in a type of fund. nejra: precisely. the other thing he talked about was derivatives, saying that it is a potential timebomb in the system. he said if you look at the 50 largest banks in the world he was in touch about 45 of them. coca-cola in one corner, broccoli in the other, warren buffett in the middle as the referee -- who wins? nejra: what do you think? who eatthe guy strawberry cheesecake and drinking cherry cola. he is very much on the side -- he is one of the biggest shareholders and coca-cola, and he has been criticized, saying that at least of the obesity epidemic that his response was health is about happiness and i'm happy you're drinking soft

. >> he points out a vanguard fund that tracks.e also slammed a pharmaceutical saying it is enormously flawed and turned out to be a sewer and those who treated it got what they deserved. and how does he feel about the 2016 political race? he says he would be okay with either hillary clinton or donald trump saying one of them is very likely to win the election. you know buffett coming on "squawk box" later in the morning. >>> coming up, puerto rico warns it will miss a major debt payment to creditors. it could be the first in a series of steps towards decline. >>> this day in history. 75 years ago today, general mills began shipping a cereal called cheerios. the name was later changed to cheerios. they later introduced punkin spice cheerios. and others turned to fresh egg sandwiches and greek yogurt. hey dad. hey sweetie, how was your first week? long. it'll get better. i'm at the edward jones office, like sue suggested. thanks for doing this, dad. so i thought it might be time to talk about a financial strategy. (laughing) you mea

project, the slower throw of the slavery-based policy of the 19th century meshing public was at the vanguard of antislavery. some abolitionist became disenchant it with their government and others sought to harness the power of the state against slavery. the history of abolition is an test case our a radical movement generates engines of political change, as they do in all social movements, questions of principle verse expedience si permeated abolitionism, gave rise to division of tactics. the culpability of the church, state, and society as well as ameanablity to change. whether society could be transformed through political action and whether the state was an arena of conflict or a tool of the, quote, slave power. it's a mistake, however to equate slave holders' political power with motte modern state formations. for good reason. the conservative political tradition of american slave-holdsers who dominated the federal and state governments from the inception of the american republic, and used all the power, all the prepresssive powers of the state to further the slavery was strongly antist

the leader right now is tech, when tech's at the vanguard, the market can give you a powerful and lastingove higher. paul in utah. paul. >> glad you got your voice back. >> i was scratchy. i feel like it was nails on a blackboard. >> much better next week. my question is about alcoa aluminum. creating a new company, will that company then be come an ipo and trade on the nyse. >> they're going to split the companies, it's going to be terrific. aa has come down. it's traded -- the upgrade yesterday was really good. they talked about the idea that it's more core lative. i suggest you read the piece, you buy the stock. john in florida. >> caller: thank you for taking my call. >> my pleasure. >> caller: i'm calling about eaten corp. i know they're going to have a management change shortly. i'm interested in your take on that, they have, it's pretty much been dead money for a while. >> is it ever. >> cut was wining all the time about the dollar this, the dollar that. >> the acquisitions they've made, they can't seem to asimulate anything. what are your thoughts on it? >> it does have a decent 4

he started off as not just a participant but part of the vanguard of the young protesters in tahrir square life transformed like so many people. he saw an enormous hope for the future. he ended up being a spokesman in some ways in the months following that revolution and in the fall of 2011, he ran as an independent for parliament. he didn't win but he continued as an activist like so many others. but as egypt's politics polarized, it became increasingly distraught and by the end of 2012, when you had the same people who joined together in the square now fighting each other and even killing each other in the street, he really lost hope and his friends and relatives told me that he became increasingly depressed and ultimately went to syria to do humanitarian work but ended up joining isis and i think for people like him, it's hard to know how many there are. people who had fired 2011 and resigned themselves to living under a dictatorship and with a diminished sense of hope with a corrupt government with the sense they couldn't get too far, they suddenly glimpsed this radical sense of hope i

this is the vanguard ftse emerging markets etf. now around 35 million shares. they also have made moves in the retail sector which has been really beaten down in the last month or two as part of a broad downdraft in consumer discretionary holdings. in terms of bed bath and beyond they lowered their stake but in macy's they raised their shares. pepsi, they're essentially dialing that back almost to nothing from about 300,000 shares to 55,000. that's a parallel move, i might add, to what we saw a short time around from trian partners which is out of its pepsico position after a lucrative three-year holding position and activism that didn't play out as planned but led to nice returns. bridgewater cut their stake in apple from 327,000 shares to about 106,000 shares. some interesting themes on the consumer side as well as that emerging markets holding, which remains an important one, bill and kelly. >> that's true. thank you, kate. we appreciate it. kate kelly there. we expect to get a lot more of these filings going into the weekend. a little more than 30 minutes t

well we are honored to have you in the vanguard, wendy. thank you very much.deal, you get a free book. and finally tonight, the factor tip of the day. bernie sanders has agreed to do a debate sponsored by fox news that will be held just before the california primary on june 7th. but hillary clinton has not yet committed to that debate. not yet committed to face off against bernie. so i have a tip of the day for mrs. clinton. it would be to your advantage, madam secretary to do this debate, even though we know you have the nomination locked up, that's true. lots of folks who may be skeptical about you will be watching that debate. and you might impress them and get some votes in the general election. so let's wrap this whole deal up, call me tonight, we'll confirm, bernie versus hillary on fnc in california. factor tip of the day. >>> the last time a politician did not take my advice about a debate, donald trump, he lost in iowa. that is it for us tonight. please check out the fox news factor website, different from billoreilly.com. spout off about the factor a

. >> the red army faction in west germany was part of a 1970s marxist vanguard groups.e red army, the weathermen in the united states. these were people who felt that the capitalist structures were unjust and needed to be destroyed and the only effective way of doing that was through violence. >> the german police have been waging a relentless war against the terrorists, capturing some, killing some. but the leaders of the group have often had more influence from inside prison than outside. authorities claim this man, andreas batr, continued to mastermind terrorist operations from inside prison, passing instructions from his attorneys. >> one of the bauder monoff gang said one of the most fantastic thing in the 1970s was not to be a rock star but to be a revolutionary. >> unlike the i.r.a. or other groups, the red army faction kills selectively, prosecutors, bankers, leaders of the society they wish so fervently to destroy. >> they thought the more high profile the assassination or kidnapping, the more likely that this would start the revolution, that the spark of viole

now, these photos are taken from vanguard properties. they are in charge of everything.three bedrooms, 3 1/2 bathrooms and a classically designed garden. the tv show's producers mainly use the exterior of this home on broderick. you can see the inside is a lot different from that "full house" set that was shot in a studio in burbank. >>> in celebration of military appreciation month, actor josh duhamel is teaming up with gmc to honor the military. the general motors truck division raises funds for a charity called building for america's bravest. the group uses money to build smart homes for severely injured veterans to make everyday living a little bit easier. >> they are such great dudes and they have such strong spirits about them and that really is what i have taken away from this, is this positive outlook on life. i have nothing but respect and admiration for these heroes really. >> if you'd like donate to building for america's bravest, go to ktvu.com, then look for it under the web links section right there at the top of our home page. >>> the oakland raiders doing

here comes the first vanguard of members of the trump family. we will patch into the audio, which has been -- >> troubling on these nights. >> yeah. it's been challenging. because we are fed the audio from the in-house system, and then they switch it over to the podium. there is no audio on the line yet. i am told. >> they can make the audio great again. >> they can make the audio great again. nicolle wallace, who is dealing with her -- >> just giving him a place to start. >> emotions regarding the future of her political party. >> one of the things we're going to have to watch for, and robert costa was discussing this earlier tonight, the unhealable divisions in the republican party over this now near nomination, and he said that the really unhealable division that trump and the party might have to worry about in electoral terms is on the hard right and the prospect of an independent or third-party candidate emerging yet at this late date. >> you go back to the beginning, the first republican he attacked was john mccain, basically said he was n

deutsche, vanguard, those of the major shareholders we are seeing in bayer.will see how this one works out. i have not got the monsanto number, that we will get that for you later. it looked like the market will open flat in europe. the biggest story in t equity marketh is, what will happen with bayer today? we will bring you that market open momentarily. ♪ guy: good morning. you're watching "on the move." i'm alongside matt miller in berlin. we are moments away from the start of european trading. matt has your morning brief. matt: on this gorgeous morning in germany, bayer plans to cede for a monsanto takeover, offering $62 million in cash. and, hiking a hike. fed president john williams and eric rosengren out of boston talk up the chances of a rate rise, but traders will wait for yellen to speak on friday after being burnt before. one month ago until the brexit referendum, david cameron and george osborne say britain will be plunged into crisis if the country votes to leave the eu. if the ask roger bootle country is headed for a recession. let's get to the

these are photos taken from vanguard properties, which is in charge of the sale.features nearly 3000 square feet of living space including three bedrooms, 3 1/2 baths and a classically designed garden. take a look at that. the show's producers mainly used the exterior, though, of the home on broderick. as you can see, inside is much different from the "full house" set which was shot in a studio in burbank. >>> actor shia labeouf is working on a new project that's not exactly a big budget hollywood blockbusters like transformers. he's reported a cross -- recording a cross country trip for a television documentary. not just a cross country trip. each day he tweets out his gps coordinates and location and the first fans to find him get to hang out, ask him some questions, maybe even take a ride. he's using the akemeanywhereto post hi location each day. >>> in celebration of military appreciation month, actor josh duhamel is teaming up with gnc to help our military. now, they are raising money for the charity called building for america's bravest. the group uses the m

egyptian and vanguard. older people like youthful service and a guy named smitty came to mentor us and carl whoeu mentioned before got us summer jobs. they talked to us it changed us to make sure we cared about other people. you know in the 60s there was a lot of love in this city. everyone had respect for each other since that time the crack came in and what have you, we don't have that no more. we need our generation to mentor the younger generation. they have no identity what they r what we have done in this community as a city. i'm talking about. i started a club in the mission called the marques in the 60s also. we mentored people. we weren't like today running around killing and trying to harm someone. we got in fights. the next days we were friends. we need to bring that back to these young people. you know we are our brother's keeper. what we should do is make sure everyone benefits, all races in this city. we are all as one. with that i thank you. i may of been rambling a lot, what have you you put

to make his point he made a bet that the vanguard group funders could be a basket of hedge funds fromeeds will go to charity. you gave an update on this on saturday, saying the bundle of hedge funds have returned 21.9% in the eight years or 2015, whereas the s&p 500 had soared 65.7%. he is really hitting hedge funds while they are down; investors have them while investing in index funds has been increasing. guy: it has been massive. there is a lot of research around his point. part of my job is to give my children to eat broccoli. what if it's not helping? nejra: absolutely not. this guy to get his fiber eats cheesecake endres cherry cola. guy: to my daughter, turn off. nejra: berkshire hathaway is the biggest investor coca-cola. he has been criticized because of soft drinks contribute to obesity, and what a lot of people are saying. he says it's about happiness too, and i'm happier when i am drinking soft drinks rather than eating broccoli. he points to the fact that women tend to have a longer life span, and if you want to increase your lifespan, have a sex change. guy: on that note

egyptian and vanguard. older people like youthful service and a guy named smitty came to mentor us and carl whoeu mentioned before got us summer jobs. they talked to us it changed us to make sure we cared about other people. you know in the 60s there was a lot of love in this city. everyone had respect for each other since that time the crack came in and what have you, we don't have that no more. we need our generation to mentor the younger generation. they have no identity what they r what we have done in this community as a city. i'm talking about. i started a club in the mission called the marques in the 60s also. we mentored people. we weren't like today running around killing and trying to harm someone. we got in fights. the next days we were friends. we need to bring that back to these young people. you know we are our brother's keeper. what we should do is make sure everyone benefits, all races in this city. we are all as one. with that i thank you. i may of been rambling a lot, what have you you put

building on the argument he has been making for years and two prove his point, he made a bet that a vanguard fund that tracks the s&p 500 index could beat a basket of hedge funds from 2008 through 2017. the prophecies of the best will go to charity. on saturday, he gave an update on this. the bundle of hedge funds picked by partners had returned 21.9% in the eight years through 2015. -- s&p 500 index funds what buffett is doing is hitting hedge funds while they are down because investors recently have been pulling money from hedge funds where it is investing in index funds has increased since the financial crisis. buffett had comments on derivatives, calling them a time make itying banks attractive to invest. he sat out of the 50 big global banks, we probably would not touch about 45 of them. guy: fascinating stuff. there is so much written on this stuff from an economic point of view. coca-cola versus broccoli. >> with the u.s. election, we know buffett endorsed hillary clinton at a rally in december in omaha, but he then that, if or clinton becomes president, and i think one is likely, i t

ability to provide undo influence on government actions is being taken care of and you guys are the vanguard of it. i also like to point out i feel it is critical both contact and expenditure lobbyist are included in this even if there isn't a local and emphasis on only local for expenditure lobbyist having influence over government here in san francisco, it is a problem that is being faced in similar matters throughout the nation and need to make sure people know that we are not just replacing a loop hole with another and make sure the foundation we biltd is solid so we don't need to provide more proposals in the future to further close loop holes and praid a foundation to make sure the government works for us. >> [inaudible] represent us. i want to say this initiative still maintains the lobbyist legal rights and allows them to still contribute or give contributions just as a smaller level. we think maintaining lobbyist rights to contribute are very porbt and don't want to demonize or minimize their contbulation but think that this initiative should be supported and look forward to your su

you go back to your state government being the vanguard of creating one of the most innovative spaces the world, and then at your state government today -- >> thank you for bringing that up. >> we all know what is happening in north carolina, if not, just like at the "new york times" this morning. perhaps we don't need to dwell on that. one last question before opening it up to the audience. all this innovation and collaboration and openness work for a broader segment of our citizen russian from employment and jobs, particularly in the core cities. if 0 you go to most of these innovation hubs in the united states and walk five blocks you're in an area of high poverty, high deprivation. are those connections being made. >> guest: n do we have the right tools? do we have the right system? >> i just think there's a whole series of exciting policy opportunities around that, abuse i think that -- because i think that in fact the hardest thing for universities and for cities and traditional people doing economy. development, is how to measure that. it's so organic and so dynamic, and most t

noah: they were at the vanguard of peer-to-peer lending.ed in online marketplace where borrowers show up, and behind the scenes, with line-up funding. get individuals, someone with a little extra money, who wants to fund someone else's loan. as the industry group -- and lending club was the biggest out there in this -- lending club's of the world would go and lineup funding sources. these would be institutional engths.rs of all str some funds, eventually thibanks -- i think there was a lot of excitement about this being a growth area, something and wall street could do, the exciting, new industry to be involved in. scarlet: it was all about the search for yield. was a person who was a big part of this initially. >> he was a big proponent for the whole idea in the marketplace model. in many cases, because lending case was so successful, he became the face of the industry. scarlet: the face of the industry, and then some stuff happened, some conflicts of interest. have we figured out what happened yet? there is a lot of conflicting reports. >

ability to provide undo influence on government actions is being taken care of and you guys are the vanguard of it. i also like to point out i feel it is critical both contact and expenditure lobbyist are included in this even if there isn't a local and emphasis on only local for expenditure lobbyist having influence over government here in san francisco, it is a problem that is being faced in similar matters throughout the nation and need to make sure people know that we are not just replacing a loop hole with another and make sure the foundation we biltd is solid so we don't need to provide more proposals in the future to further close loop holes and praid a foundation to make sure the government works for us. >> [inaudible] represent us. i want to say this initiative still maintains the lobbyist legal rights and allows them to still contribute or give contributions just as a smaller level. we think maintaining lobbyist rights to contribute are very porbt and don't want to demonize or minimize their contbulation but think that this initiative should be supported and look forward to your su

egyptian and vanguard. older people like youthful service and a guy named smitty came to mentor us and carl whoeu mentioned before got us summer jobs. they talked to us it changed us to make sure we cared about other people. you know in the 60s there was a lot of love in this city. everyone had respect for each other since that time the crack came in and what have you, we don't have that no more. we need our generation to mentor the younger generation. they have no identity what they r what we have done in this community as a city. i'm talking about. i started a club in the mission called the marques in the 60s also. we mentored people. we weren't like today running around killing and trying to harm someone. we got in fights. the next days we were friends. we need to bring that back to these young people. you know we are our brother's keeper. what we should do is make sure everyone benefits, all races in this city. we are all as one. with that i thank you. i may of been rambling a lot, what have you you put

vanguard's greg davis will weigh in at 5:00 p.m. >>> disney will report its earnings at any minute noware there concerns about espn going to impact profits? stay tuned. that's right after this. here at td ameritrade, they work hard. wow, that was random. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. td ameritrade. we're always looking for ways to speed up your car insurance search. here's the latest. problem is, we haven't figured out how to reverse it. for now, just log on to compare.com... plug in some simple info and get up to 50 free quotes. choose the lowest and hit purchase. now...if you'll excuse me, i'm late for an important function. compare.com. saving humanity from high insurance rates. >>> welcome bachlkt dncht disne earnings are up any minute. robert, what number are you going to be most focuse

ability to provide undo influence on government actions is being taken care of and you guys are the vanguard of it. i also like to point out i feel it is critical both contact and expenditure lobbyist are included in this even if there isn't a local and emphasis on only local for expenditure lobbyist having influence over government here in san francisco, it is a problem that is being faced in similar matters throughout the nation and need to make sure people know that we are not just replacing a loop hole with another and make sure the foundation we biltd is solid so we don't need to provide more proposals in the future to further close loop holes and praid a foundation to make sure the government works for us. >> [inaudible] represent us. i want to say this initiative still maintains the lobbyist legal rights and allows them to still contribute or give contributions just as a smaller level. we think maintaining lobbyist rights to contribute are very porbt and don't want to demonize or minimize their contbulation but think that this initiative should be supported and look forward to your su

these are photos taken from vanguard properties in charge of the sale.e including three bedrooms, three and a half bathrooms and a classically designed garden. the show's producers mainly used the exterior of the home. you can see the inside is a lot different from the "full house" set. they shot the show in their studio in burbank. >>> the oakland raiders will pack care packages at the marine memorial area in san francisco. >>> and in celebration of military appreciation month josh duhamel is teaming up with gmc to help our military. the general motors truck division raises funds for a charity called building for america's bravest. the group uses the money to build smart homes for severely injured veterans to make everyday living a little bit easier. >> there is such great dudes and they have such strong spirits about them. and that really is what i have taken away from this, is this positive outlook on life. i have nothing but respect and admiration for these heroes really. >> if you would like to donate to building for america's bravest go to ktvu.com

ability to provide undo influence on government actions is being taken care of and you guys are the vanguard of it. i also like to point out i feel it is critical both contact and expenditure lobbyist are included in this even if there isn't a local and emphasis on only local for expenditure lobbyist having influence over government here in san francisco, it is a problem that is being faced in similar matters throughout the nation and need to make sure people know that we are not just replacing a loop hole with another and make sure the foundation we biltd is solid so we don't need to provide more proposals in the future to further close loop holes and praid a foundation to make sure the government works for us. >> [inaudible] represent us. i want to say this initiative still maintains the lobbyist legal rights and allows them to still contribute or give contributions just as a smaller level. we think maintaining lobbyist rights to contribute are very porbt and don't want to demonize or minimize their contbulation but think that this initiative should be supported and look forward to your su

and i found at vanguard they have both growth and value funds that have big positions in it. >> one oflly interesting, i know it's probably not a stock that's covered more or spoken about more than apple. i mean, it's there, front and center for most people. just a brief reading of the article here looks like other people took a second look because buffett had decided to buy and buffett had decided to buy in. so he puts a billion dollars into apple, the stock rises 5%, doing the math, that's a $25 billion increase in market cap. >> right. >> a, the figures are huge. and secondly, the impression that buffett is interested can move a stock of that research nature i find extraordinary. that it's all about perception still. >> well, it's a combination of both huge impact of buffett and the fact that apple is still the largest market cap company in the world, which means it is a huge factor in all of these both mixed, blended and style indexs style being growth or value. so when buffett moves like this, i mean, everybody has to take a look at this. the value people have to say am i missing

there another big one that people use is the vanguard etf which is close to $5 billion on assets. on the more industry specific side of things, you have the exploration etf. this two billion funneled focus oz companies that hunt for and produ produce fossil fuels. then the oil services etf, oih, it focuses on the companies that help service oil producers. they provide equipment supplies, that sort of thing for xbloration and production companies. now after a rough couple of years each as managed to rally alongside oil prices so far this year. as brian pointed out, we're below where we were a year, two years ago, melissa. back to you. >> thank you. >> kohl's, gap, and nordstrom are rebounding, they're coming off double digit declines scht worst over for the retailers? liz dunn, good to have you with us. >> if i am looking at the price action for a lot of the guys, macy's for one, nordstrom, gap, dillards, they're not bouncing at all wlachlt do you zmekt week from this week's slate of retail earnings? >> right. we have a lot of earnings coming this week xlug gap. i think what we're

. >> an asian act stress who's very a vanguard.. >> demi lovato.. >> give us a fab.>> she looked like the bossos of -- i don't even want to gogo there. ther hating me.hang m >> that's it. >> i learned. she looked older sean she seash should. sh she looked way too old. too o let me tell you something when they swung her around. herun i said what lady from church is that? she was singing likee somebody's spiritual grandmom ma. me there. me >> you're saying it in a goodsai way. she was bringing it --g i >> she was singing. sin >> from here.>> >> i thought you were saying shs looked like -- overall, thumbs,b up, thumbs down.up, thumbs >> you gave 82 people a fab. >> i was jumping up and down.um this show had so much energy. eg i loved it.d it >> did you like the entertaine r entertainers -- >> are you coming back for theom bet. >> they're bringing it. >> i'm coming back fory' bet.or i should be at the bet awards. d i'll have to holler at somebodys in production.in >> you are the bet awards. phe b >> i am.>>m. right. >> i am.>> a >> thank you, thank you. you you're a fab.

ability to provide undo influence on government actions is being taken care of and you guys are the vanguard of it. i also like to point out i feel it is critical both contact and expenditure lobbyist are included in this even if there isn't a local and emphasis on only local for expenditure lobbyist having influence over government here in san francisco, it is a problem that is being faced in similar matters throughout the nation and need to make sure people know that we are not just replacing a loop hole with another and make sure the foundation we biltd is solid so we don't need to provide more proposals in the future to further close loop holes and praid a foundation to make sure the government works for us. >> [inaudible] represent us. i want to say this initiative still maintains the lobbyist legal rights and allows them to still contribute or give contributions just as a smaller level. we think maintaining lobbyist rights to contribute are very porbt and don't want to demonize or minimize their contbulation but think that this initiative should be supported and look forward to your su

make, theymistake to mistake with europe really means, so vanguard europe etf, bgk, has for $2 millionze how much they have. on the flipside, the eurozone so there are different types out there. even in international developed , so mostbout 13% u.k. people will feel the shock if there is a brexit. vonnie: the performance of the etf has almost nothing to do with the outcome, right? it looks like the outcome might -- it has more to do with what it looks at the outcome might be. eric: that is right. the key is uncertainty. if we see a lot of volatility, performance could be all over the place. typically, we see the most theon right before referendum or election. occasionally, there will be a relief rally or something after. in japan and india, we sought to rally extend months after when it was positive. this seems like most of the case of the actual happen up until the boat. david: thank you, eric. the pound showing real strength on the back of the momentum. we will keep an i on the fx market throughout the session. coming up, the biggest hurdle. japan yielding negative returns and how is

among the stories front and center at this hour, vanguard investors got what they thought was a pleasantsing some clients to see balances greater than what they actually had. when their accounts were displayed on apple devices the actual account balances were not affected. i was worried about the opposite happening, though. of it going to zero. >>> teen apparel retailer is planning to file for bankruptcy this week. plans to close more than 100 of its 800 stores. u.s. auto makers out with sales this morning. we'll hear from fiat chrysler next hour. it will post a 4.6% increase compared to a year ago. >> how many pairs of cargo pants can you own? >> cargo shorts? >> i am not allowed. >> that explains everything with aero postal. >> what was the all-time high? that was something we used to talk about in a list of retailers that was working fine in malls. >> the three are okay. american eagle. aeropostle and abercrombie & fitch. >> the stock is at 3 cents. sad. >> that's what happens. >> i wonder what the high was at one point. >> i don't know. i have to go buy cargo shorts and them them out

or are they just sort of anachronistic, sort of workers' vanguard spectacles that we can just kind of throw aside? >> good. wonderful question. let me try to answer. and again, rather than my spinning out my own thououghts about thatat, let me start from a concrete example. thehe steelworkers unin here in the e united states, of f the largest unions in the afl-cio, here, stunned the world of american labor two years ago when they issued a press release announcing the formal alliance-- i'i'll usese their words--the fl alliancnce between thehe steelwororkers union of the unid states, which--i don't know how many members it has, but in the hundreds of thousands, big unionon--with mondragon, the corporate--that huge, successful worker's self-directed entterprise in spain. and i remember many of us were taken aback. "what an interesting idea. an alliance." what did it mean? well, the details were hard to come by. it seems as thougugh there was discussion, obviously, between them. they issued a joint press release and had a press conference. but it's hard to tell, so i'm now going to imagin

john vogel of vanguard and his index fund outperformed the hedge fund for the last 10 years. i'll leave it there, thank you. >> next speaker is donna followed by michael murry and followed by herbert wiener. >> i'm here just to urge you support the matter in front of you. just last week, one of my fellow workers passed away. his widow would love to have this. it's very important to these people who worked for muny and all the other organizations for 20, 30, 40 years. please do the right thing. [applause] >> our next speaker, michael murry from the fire department. >> i will pass on mine. thank you for your service to the city. i see herbert wiener. >> i retired from the department of human services as social worker 2003. now, many of my coworkers and they keep increasing in my memory, retired prior to 1996. they were my coworkers, they were my teachers. i really want to see them to receive the same benefits that i am receiving. it's reflecting one tendency as a whole. this really represents age itch. senior citizens are being pushed into the shadows and potential visibility.