bill clinton addressed these questions head with bloombergs betty liu. betty: i want to get to some of the commitments you are excited to talk about today, that i also want to talk about some of the topics that have overshadowed some of the good work that cgi has done. you have something like 200,000 plus sponsors that have supported cgi since 2001. a few of them have begun to reassess their sponsorship of the clinton global initiative. exxon mobil said they will not sponsor you this year. is this because of the funding controversy? mr. clinton: i think they don't want to be involved in politics. they don't think we were ever political. there has never been a foundation with a more prominent political person involved. i have had george and laura bush here, mitt romney, john mccain and sarah palin came. rupert murdoch and his son and his foundation giving money to us along with mayor bloomberg. we just solve problems. there are people who just don't like bad press, and you cannot be involved in american politics without somebody attacking you, and i think

here is betty liu with cgi president and founder bill clinton. betty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: diverse people have a chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has gotten a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion for the american federation of teachers, infrastructure. to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the foundation's work? the great work you have done -- you mention

here is betty liu with cgi president and founder bill clinton. betty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: more than 90% of them now represent partnership, that have a people chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has got a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion commitment for the american federation of teachers, infrastructure. afl-cio to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the fo

here is betty liu with cgi president and founder bill clinton. betty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: diverse people have a chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has gotten a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion for the american federation of teachers, infrastructure. to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the foundation's work? the great work you have done -- you mention

here is betty liu with cgi president and founder bill clinton. betty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: more than 90% of them now represent partnership, with diverse people that have a chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has got a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion commitment for the american federation of teachers, infrastructure and the afl-cio to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, wh

i am betty liu betty liu. after posting second-quarter profit that beat wall street says itions, the number added more members in government insurance programs. agree to bitetna humana with expands -- with plans to expand. on "bloomberg be market day." c narrowedvs their forecast in the secondwed quarter. then you forecast overshadowed the second quarter profit report, excluding one-time items and earnings came in two cents above the average of analysts. the company is dropping tries his erectile dysfunction medication from the coverage for drug insurance benefits. before genericrs competition kicks in starting january 1. instead andcoverage they will continue to cover viagra and cialis in 2016. now you know. that is a look at the top stories at this hour. as we have been reporting, another acquisition headline in the drug sector. dublin-based shire made in unsolicited $30 billion offer for baxalta that could create a drug giant and make shire hefty enough to fend off a potential takeover. this comes off after

i am betty liu, here with pimm fox. pimm: cvs help us settling allegations that several rhode island pharmacy locations filled fortune invalid prescriptions for painkillers. the u.s.ttee will pay government $450,000 to resolve the two-year investigation. cvs has denied any wrongdoing. is aounder of chobani major player in your, we know that. we know that. now he is turning his focus to copy. "the new york times" reports that he has taken a stake in coffee roasters. don't expect to see him drinking it very often. he is a tea maniac who travels with his own teabags. fewcommittee says it has dozen wholesale customers and is grown 40% over the last year. americans are the biggest consumers of coffee in the world. betty: i didn't know that, but i'm completely not surprised. pimm: growing 10% a year and consumption. betty: before you move on, we were just talking about make your own -- what is it, customize -- pimm: make your own burger and mcdonald's. guys: one of our tech crew went down to mcdonald's right around the corner

i am scarlett fu, and she is betty liu. b.h.p. let's get straight to how the stocks are looking as we are about an hour away from the closing bell. it looks like we are headed on the s&p for a weekly gain here. remember that in the middle of the week we turned lower for the year on the s&p due to the chinese devaluation of the currency. now it looks like we may still be able to recruit gains for the year. stan: when you look at this, treasuries, the dollar fluctuating, yawn. a boring friday. it is a typical summer friday. it has settled down. betty: and in the bond markets, you are seeing a reversion back to the trend of the yields on the shorter end of the curve and a bit lower on the longest end of the curve. stan: the two-year at 72.58 basis points. clearly the market action is nothing to get too excited about. betty: shares of sysco rising more than a year. in a filing, pelts says he may seek representation on the board. he is a rabble-rouser and wants to get things going. shares climbeded to the biggest day gain since 2013. s

a bit more at that. ♪ betty: welcome back. i am betty liu. let's get to julie hyman for some of the big stories of the day so far. it looks like we are headed for a weekly gain in stocks. julie: i'm looking at the week with a bunch of different assets. let's talk about the dollar down about 1% on the week. looks like setting up to be the worst week in two months as a have the chinese yuan affect on the dollar and the perception, at least earlier, when the evaluation began that it would put pressure on the fed to not raise rates. that was an issue but a great story out on the bloomberg terminal and on bloomberg.com by rachel evans that points out that the dollar does not always rally after receipt of rate start to go higher -- after we see a rate start to go higher. so i should say the dollar tends to rally going into rate increases and for the six months following, these are these sort of amber portions that the dollar holes back by now which of 6%, so folks behind the dollar in advance of rate increases, maybe they want to get out once it ha

we will be back. ♪ betty: welcome back. i am betty liu. we are coming just off of our lows in the session, but they are still deeply in the red. hyman, let us get to the big stories, including a solar city and a short from jim chanos. julie: he has short of the stock. this is the largest provider of rooftop solar panels in the u.s. and the stock is down 20% for the year today. it has dipped as he began talking about solar city. we saw a little bit of a bounce off of those levels. he called it a subprime finance company. elon musk is involved with this company and one of the founders. a relative of his is the ceo of the company. interesting here this movement that we are seeing in the stock. turning to the broad market and let us look at the major averages. betty just mentioned it is bouncing a little bit off the bottom, but a very little bit. we saw the low for the dow today around hundred 38 points -- 338 points. still very deep declines across the board. look at the one-week performance here, it could set up for its worst week, down 4.2%

i am betty liu. according to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to achieve something. there is some uncertainty, as you know, with what you can do with the wireless. it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know. it is a special -- it takes trust in your management, a bit of an adventurous spirit to work here. you have to be more of a self-starter. for those people who like that, we have people who started in the warehouse that are executives. people who are achieving their own internal potential an

am betty liu. dish network ceo charlie ergen has been known as something of a renegade, being thrown out of casinos for counting cards and other things. in the process of starting his company, he has become one of the richest man in america, nearly $20 billion. -- worth more than $20 billion. he stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat. like the satellite tv business, ergen wants to be at the forefront of television change being at the top of sling tv. buying up billions of dollars of wireless assets. assets he says can be used to build up a legitimate competitor against at&t and verizon. -- horizon. when we sat down at "titans," i asked him to describe his plan. charlie: people are looking more for what they want to watch and not paying for what they don't want to watch. tv is everywhere. part of that is the technology is over the top that allows customers to do that. the second reservation is wireless. there is only two ways to do this, one

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has been known as something of a renegade, being thrown out of casinos for counting cards and other things. he created echostar in the 1980's and then started dish in the next decade. in the process he has become one , of the richest man in america, worth more than $20 billion. he stepped out of the spotlight in 2011. handing the ceo reins to joe clayton. just four years later, the founder is back in the hot seat. as television undergoes another revolution, video moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change being at the top of sling tv. and buying up billions to dollars of wireless assets, assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for an interview at his colorado headquarters, i asked him to describe this new frontier. charlie: now we are in another transformation. tv itself is transform

i am betty liu. dish network ceo charlie ergen has been known as something of a renegade, from being thrown out of casinos for counting cards and selling dishes from his car. in the process of starting his company, he has become one of the richest man in america, worth more than $20 billion. he stepped out of the spotlight in 2011. hadning the reigns to joe clayton. just four years later, the founder is back in the hot seat. like the satellite tv business, ergen wants to be at the forefront of television change with an over the top product, sling tv. he wants to buy assets of what he says can be used to build a legitimate competitor against at&t. when we sat down at "titans," i asked him to describe his plan. charlie: tv is changing. people are looking more for what they want to watch and not paying for what they don't want to watch. tv is everywhere. part of that is the technology is ott, over the top that allows customers to do that. the second transformation is wireless. there is only two ways to

betty: good afternoon, i'm betty liu. mark: i am mark crumpton. thank you for joining us on bloomberg market day. another day, more concerns globally, the ripple effects about china and what the country is doing to its currency, the evaluating -- d valley w

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the 1990's. in the process, he has become one of the bridges man in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating this new, over the top product called sling tv and buying millions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor against at&t and verizon. when we first sat down with him at his headquarters in colorado, i asked ergen to describe his plan. charlie: the transformation is going on into their pla

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has been known as something of a fearless renegade , being thrown out of casinos for counting cards and other things. he created echostar in the 1980's and then started dish in the next decade. in the process, he has become one of the richest men in america, worth more than $20 billion. he stepped out of the spotlight in 2011, handing the ceo reins to joe clayton. just four years later, the founder is back in the hot seat. as television undergoes another revolution, video moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change by creating a new over the top product called sling tv. and buying up billions to dollars of wireless assets, assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for an interview at his inglewood, colorado headquarters, i asked him to describe this new frontier. charlie: now we are in

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the 1990's. in the process, he has become one of the richest man in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating this new, over the top product called sling tv and buying millions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor against at&t and verizon. when we first sat down with him at his headquarters in colorado, i asked ergen to describe his plan. charlie: the transformation is going on into their pla

betty: i'm betty liu. what a day so far. pimm: we have china news and indictments that we are looking at. let us look at the top stories crossing bloomberg terminal at this moment china just made history in july 2005 when it joined the economic system and decreased its currency though you want. the country's central bank has devalued the yen by the most in two decades. they call it a one time adjustment. morgan stanley has also watched china adapt its currency. >> to have a lot of balls in the air and they are trying to do a large number of things all at once here. they want to rebound, restructured, lead globally. they want to reshape international institutions and reform the capital markets. that is always the risk they chewed off too much and they have to be more selective in identifying their priorities. pimm: devaluing their currencies should make chinese exports a little bit easier to sell overseas. perhaps less expensive now. last month, exports from china fell more than 8% and china is in the midst of its deepest eco

betty: good afternoon, i am betty liu. mark: that netflix story really shaking things up. we will talk about that later in the hour. let's begin with a look at the markets. the dow jones industrial average is the story today down nearly 130 points 17,290. it is headed for its longest slide since 2011. declines in energy and biotech companies related as well. this coming on the heels of a solid july employment report. same story for the s&p 500. the broader decline is led by energy and material shares. oil is headed for a six week of losses on speculation the supply glut will continue. nymex crude down 1% 1.25% $$44.11. brent crude also down 1.25%. gold futures are up .3%. betty: brent below 50 all week. a check on bond markets, you can see after the jobs report this morning which kind of undershot estimates still strong enough though for estimatesfor investors to believe that the fed will raise rates. the two-year is higher but on the longer and we see the yield coming down. in the currency market, it is again a story for the dollar. a four-month high. after that jobs repo

matt: good afternoon, imf miller, now joined by betty liu -- i am matt miller, joined now by betty liu. day.: kind of a different much different from what we have seen before we saw this rebound. the dow up i-73 points.

♪ betty: good afternoon. i am betty liu. mark: i am mark crumpton. betty: welcome back. mark: thank you. let's start with china. it was a little today and it is a way right now and it's going all over the markets. both the dow and s&p down to session lows because chinese evaluation sparking concerns around the world. the dow jones industrial average now down to 32 points. the s&p 500 is down 1.1% right now and trading at 2080. the automakers among those companies that rely on exports to china have taken a hit today. 3.3% at 3088s down and four down 2% at 1467. tiffany and apple are down as well on tuesday. apple shares are down 4% and tiffany down 2.3% at 93.38. all this coming on the heels of that china currency move. let us move to oil right now. it is at its lowest level in five months. iranian production pushing opec supplies higher. nymex crude is down 3.8%. taking a look at the chart there from march of 2015. right now, down about 14%. brent crude is also down on this tuesday. a lot of concerns about china. markets, andrging currencies all feeling it today because

betty: i am betty liu. sprint shares at a two-month high, it may have to do with a new iphone offer. you can get your iphone up graded at any time. julie: if you pay a monthly fee. not seeing anything driving the stock, last week we saw a boost after softbank increased its stake. up 12 point 5%. sprint is saying if you pay $22 a month, than at any point you will be able to upgrade to a new iphone. that is on top of your existing plan. perhaps the thinking is that drive new traffic to sprint and that is what is behind a share increase. the gains are accelerating. they have been accelerating through the session. we've been talking about tesla and the call from morgan stanley, raising its price target to $465 from $280. adamis based on theory by jonas, neat morgan stanley analyst, that tesla is going to introduce some sort of new product called test mobility. that is what he's calling it. it will essentially be some sort of automated product, a self driving vehicle that may be co-owned by multiple people. visi

. ♪ betty: i'm betty liu. militantly andot for mark crumpton today. taking a look at the markets today, much better -- and i'm matt miller in for mark crumpton today. taking a look at the market today, much better. dow, ifint game in the that does not hold then something really happens -- something that really happens. the s&p and the nasdaq also gaining by more than 1% stop -- 1%. i keep getting notes from analysts, oh, the fair market is coming. have a 5% drop this year and it would be the only year in all of history that we have not had a 5% drop. but when you get deals like , that gives people confidence in the market. , buthire is down slightly precision castparts is up. that is the premium they offered for the company. is that too expensive? lasttock is down after month. berkshire is making a hold after one year. betty: ok, oil prices. a rebound here. over the $50 per barrel mark. oil prices in ebay market down 22% since the beginning of march. -- $44 foror a back a barrel of crude. the 10 year yield of 2.23%. and finally in currency you've seen

betty: welcome back to the bloomberg market day. in betty liu. the largest milk producer in the u.s. is staying mum about why their chairman just resigned. the sec is moving forward involving an insider trading case. that severelydent injured comedian tracy morgan -- ate is chris hartz speaking a meeting. >> we know a major contributor is driver fatigue. fordriver and had been on 14 hours. he had been awake for more than 28 hours, including an overnight drive from his home in georgia to the district center. betty: there was a traffic backup on the new jersey turnpike. the safety board will look at what can address driver fatigue in highway works on hazards. quarterback -- will be sidelined 6 to 10 weeks after being punched in the job. got into his teammate an altercation in the locker room and smith was "sucker punched." and in pro football, the federal judge handling the tom brady case wants to talk settlement. the new england patriots order back and commissioner roger goodell will meet with the commissioner -- quarterback and commissioner roger

. ♪ betty: welcome back to "titans at the table." i am betty liu. according to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to achieve something. there is some uncertainty, as you know, with what you can do with the wireless. it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know. it is a special -- it takes trust in your management, a bit of an adventurous spirit to work here. you have to be more of a self-starter. for those people who like that, we have people who started in the warehouse that are executives. people who are achieving their own internal potential an

betty: and i'm betty liu. let's look at how the markets are trading at this hour. a little bit calm her. -- calmer. you can see the dow is up about 17 points right now. concerns about the chinese economy fading slightly after the selloff over the past two days. let's look at a couple of stocks. advance auto parts are lower and we are also watching houlihan , the bank that specializes in mergers and acquisitions. that is getting a slightly nice pop. the top story of the week is the dollar against the euro. up 0.6%. by china's reassurances on the valuation, that also helping to stabilize not only the currency rates but investor sentiment. pimm: let's look at how u.s. treasuries are faring right now. a little selloff at the short end of that are on the -- short end of the curve on the two-year yield. basically unchanged for the long bond. investors prepare for $16 billion worth of 30-year bonds coming up for auction. commodity is, take a look at oil continuing its dissent. itdown five cents. back to january 2009, yes, a six-year low. , mainly because of inventories. o

i'm betty liu. let's look at how markets are trading. we are losing some steam with stocks fluctuating in the downng and now pretty much at their lows of the session. we are talking about a fall of .1% right now. huge drop, but the dow jones is down about that amount, down about 17 points. let's move over to the oil markets. we have seen this all week long for the last several days, oil trading at a six year low. oil prices as you can see since the beginning of 2010, a drop here of about 5%. gold prices, watching gold -- fell to a five-year low in july. that put the central bank closer to raising interest rates. a little bit of a selloff in the bond market. the 30 year, 284, a little selling going on, but not much action. maybe because of the housing starts. i think it was a six year high or eight year high. it was under what economists estimated. 1.21 annual units and then they revised the june figures up. a look at what is going on in major currencies. the dollar versus the euro basically stable.

betty: i'm betty liu. let's begin with a look at how the markets are at this moment. stocks are tanking again as he conceded the s&p falling below at

. ♪ ♪ betty: welcome back to "titans at the table." i am betty liu. it was fun to sit down with charlie ergen, but according to some reports, it is not so fun to work for him. from reports in 2012 and 2013, dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i think i am a really easy guy to work for and with if you are a high achiever and you want to achieve something. if you're just wanting a job, you are probably not going to like it too much here. i think dish is a culture for those people who want to achieve something. and there is some uncertainty, as you know, with what you can do with the wireless. our shareholders don't know exactly, so it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know what is going to happen tomorrow. it is a special -- it takes trust in your management, a bit of an adventurous

i am betty liu. it was fun to sit down with charlie ergen, but according to some reports, it is not so much fun to work for him. in 2012 and 2013, employee surveys gave dish network some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i think i am a really easy guy to work for and with if you are a high achiever and you want to achieve something. if you're just wanting a job, you are probably not going to like it too much here. all right? i think dish is a culture for those people who want to achieve something. and there is some uncertainty, as you know, as we are talking about what you can do with the wireless. our shareholders don't know exactly, so it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know what is going to happen tomorrow. it is a special kind of -- it takes t

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the 1990's. in the process, he has become one of the bridges man in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating this new, over the top product called sling tv and buying millions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor against at&t and verizon. when we first sat down with him at his headquarters in colorado, i asked ergen to describe his plan. charlie: the transformation is going on into their pla

i am mark crumpton, here with betty liu. betty: wish i was there. twitter's tough talk maybe turning it into a takeover target. yesterday, shares fell to the lowest price since the ipo in 2013. they are up marginally today. betty: executives warned that it will be a while before the company stands the slowdown in user growth. less than 20 million -- could this be a buying opportunity for twitter? cory johnson isn't san francisco with more -- is in san francisco with more. is this more than just some chatter from a few interested shareholders or is there actually real interest and a possibility of an acquisition of twitter? cory: i'm concerned about crumpton's introduction of me there. i do want to be a responsible journalist here. i don't want to start to speculate that twitter is in play. i think it is good to look at the business, look at how the business works and how much the business costs so we can put in away silly rumors or speculation. this is a big business, very e.pensive trainin it is market value of $19.2 billion. it has about $1.2 bill

betty: i'm betty liu. let's begin with a look at the markets right now. s&p is down right now by about 1%, raising its gains for the year. sc erasing its gains for the year.

i am scarlett fu, and she is betty liu. b.h.p. let's get straight to how the stocks are looking as we are about an hour away from the closing bell. it looks like we are headed on the s&p for a weekly gain here. remember that in the middle of the week we turned lower for the year on the s&p

betty liu is here with more. betty: you clearly explained that. if you look at the last three in 1994, cycles we had in 1999 and in 2004, you would have thought the dollar actually would have gained after. people think, interest rates are higher, i will make more by having the dollar. currency least investors and traders, they are buying the rumor and selling the fact here, right? this timee even worse around because on average, the interest rate increase cycles have averaged about 2.25%. are time around we expecting the fed to do less and that, maybe 1.6 percentage cycle, givenis where the economy is, the fear factor about china, where oil prices are. that could mean that the dollar actually falls even further than what we have seen on average. in the past cycles we have seen it dollar, like back in 2004 dropped 9%, back in 1994 it was 6%. who knows? we might see a decline of between that range, 6% to 9% after the rate rise. pimm: let's say history does repeat itself. this would be good for u.s. companies. betty: that's right. fewhave seen in the

. ♪ betty: welcome back. betty liu, he with my colleague, matt miller, who has decided to join us. matt: because you have a very exciting guest. betty: i know, and i know that you love video games. matt: particularly the xbox. betty: don't take away the fun just yet. users have been allowed to stream content from their consul to a windows 10 pc, and the is to their xbox one console as it remains in a dog site -- dog fight with sony's playstation four. the latest figures from the company show that they have sold ''s whileillion ps 4 microsoft has sold 12 million 's.x one joining us, a man who changed the life of matt miller robbie bach,. [laughter] .- matt miller, robbie bach [laughter] matt: let me explain. some of moved to berlin suggested that we all get xbox is because we could all play against each other and this was the first time, 2001. it was magical when it first came out. what differentiated xbox from all the councils that came before it. robbie: in the early days xbox struggled. sony probably had 60% market share. xbox live was one of the two things, that and a game calle

betty: good afternoon, i am betty liu. mark: the death crunch sounds ominous. we will find out if it really is coming up. a look at the markets office tuesday -- thursday. the selloff over the past few days. study on wall are street. the dow, s&p and nasdaq showing gains. nasdaq of .4%. we are watching cool hand loki that generated 30% less than the ipo price. -- houlihan lokey. intraday they are up 8.5%. betty: moving onto the currency markets, our top story of the week. the dollar climbing against the salesn the year -- retail numbers, which came in line with expectations. it shows consumers are spending. we have been at a four-month high with the dollar. the, china's reassurance of evaluation moving things along as well. mark: a check of the bond markets. the two year yield, look at that change. betty: a lot of fear with china, the zyields. mark: this has been one of those weeks where use all the ripple effect in china, and we said the other day jokingly when china sneezes, the world gets a cold. absolutely. we saw that vividly in the oil market where we saw

betty liu and mark crumpton boake to congress most -- congressman pedro para lucy. he has been puerto rico's member of commerce -- member of congress since 2009. years we were having operating deficits on financing. but that is not be brought or the maturity of the debt. here is that. you balance your budget, you leave with the new means. pedro has been, compensating from the lacquer of federal funding in programs like medicaid, for example. the burden that puerto rico has to have an efficient health system in place is amazing when you compare to the burden of any state in the mainland. one of the reasons this territorial status we have, we are shortchanged in federal programs on a massive scale. betty: representative pierluisi, back in washington though, getting back to what is going on on the island -- back in washington, in your dialogues with lawmakers, have you had any this with treasury, jack lew and his colleagues, to see what they might do to help puerto rico? well,entative pierluisi: yes. what i would say firsthand, we have never asked for a bailout. we kno

betty liu is here with more. donegan who went to villanova. he very much is the same kind of that populateee the berkshire hathaway portfolio. i am not just saying that because he has -- because he is middle-aged, white, and mail, but he is. he possesses a lot of the qualities that buffett looks for in a good leader. he sustains wall street, he is not from new york. he is an outlier. he is not exactly from the midwest. betty: the company -- pimm: the company is headquartered in oregon. also, exactly, but he is when you read about him in barrens last year, they called him one of the world's best ceos. he is the kind of guy who will go to factories. he spends about 80% of his time going to aerospace plants. he knows how to operate each of these machines reportedly. goes,o, when he apparently he eats at the same restaurant every single time, so he is a creature of habit. these are details the kind of her mind you a little bit about off it himself. he is a guy -- buffett himself. omaha, guy who stayed in eats in the same places, lives in the same

betty: good afternoon. i am betty liu. i am at miller. the s&p bouncing around a little bit at the bottom of the range down 1.5% in 2047. dow jones down 273

. ♪ betty: matt: good afternoon. i'm betty liu. and i matt miller. let's take a look at the markets. stocks are down across the board about 1% at session lows now with the dow jones industrial points.at 171 the s&p is down as well as the nasdaq, down nine/10 of 1%. emerging markets fueled global growth concerns, some companies fears.on the china led caterpillar, dupont, freeport. vietnam spook the market with -- theird the market with third evaluation this year with a wider ban on trading further down. and gold,ook at oil crude is falling to a six-year 2.6 2 the report that million barrels last week still held under $41 billion. a drop of $3.90 per barrel for nymex crude. below $49 perwn barrel. a quick check on the bond market as well. betty: that's right. treasuries are interesting enough. they are being bought up a little bit right now given some of the risk off trade. treasuries and yields have been moreg in some say that signals may be coming from the fed and they may be raising interest rates. you might see the yield on the 2-year note rise to

betty: i am betty liu. let's take a look at how the markets are trading at midday. stocks are fluctuating. the dow is down about 68 points.

betty: i am betty liu. let's get a look at how the maets are trading at midday. marginally down and we have been kind of pushed around by earnings. the dow was off by about 14

scarlet: betty liu, thank you so much. that he will be back at the top of the next hour to take us to the close. coming up, share buybacks. a big trend among media companies in the past year. that story, up next. ♪ scarlet: buy a losing billions after getting stock buybacks. the struggling media company has spent 15 point $2 billion in the share buyback program but the slide in shares has caused a 3.4 ilion dollar loss in the investment -- $3.4 billion loss in the investment. covers themary, who from lospany, joins us angeles. a lot of companies buy back stock. what went wrong for viacom? yous: it is a great idea if have got rising earnings and arising talk price. but if your core business is under pressure, which viacom certainly is, the idea of buying back stock is not so smart. a lot of people are urging the company to spend its precious cash on other things. they had to go into debt to buy back the shares. they are not the only company who has done that, of course, but they appear to be in worse shape than other comp