michael: so nice to meet you, marcus. lemonis: nice to meet you. michael: michael woods. lemonis: michael, do you dress like this every day? michael: every day. ramona: every day. lemonis: you look like a million bucks. michael: thank you. lemonis: so, tell me about ashtae. ramona: we are a multicultural hair-care company. we only sell directly to beauty salons. lemonis: okay. you're not in any retail? ramona: right. michael: we service salons door to door. lemonis: and when you say "door to door," go to a salon, meet somebody for the first time, shake their hand. michael: correct. lemonis: and what region do you do business in? michael: south carolina. that's where the bulk comes in. lemonis: if michael's going door to door, and that's how he's generating his revenue, it's kind of obvious to me why they haven't broken outside of the carolinas. door-to-door selling is wildly inefficient. taylore, what do you do here? taylore: a little bit of everything. lemonis: well, what is your actual job title? ramona: well, right now, taylore is a little in limbo. lemonis: what does

michael: yes. we're going to cut down a little bit. 1.75 to buton't hit that is much closer to fair value in our mind. jonathan: coming up next on the program, it is the auction block as high yields dry out and spreads get tighter. you are watching "bloomberg real yield." ♪ jonathan: the calendar flips over from may to june this week, and it was the slowest may for the market since 2012 with 47 deals, which follows the slowest april since 2009. the spread between high yields, bonds, and treasuries is expected to tighten. currently that is about 360 basis points. ,s investors search for yield the company managed to increase its offering from one billion, offering five-year notes with a coupon. michele,ring back bob kathleen gaffney, and michael collins. kathleen, let's use that hurts offering as a catalyst. how difficult is it to get adequately compensated? kathleen: you are not adequately compensated no matter where you look. it is tough and high-yield. jonathan: let's use the car rental company

i am communicator, though, michael gove, is he?iama communicator, though, michael gove, is he? i am a big fan of michael gove. i think is terrific guy. it is interesting the telegraph has put the headline here, but itjust sort of confirms in my view that i think theresa may's and to be prime minister for some time yet. i don't think there is any eminent challenge to her leadership. —— imminent. they need to get the queens beach out the weight, the brexit talks under way, and see how it goes. i think the other aspect that is interesting about this story is that the promised brings in others in this reshuffle. —— promised brings in others in this reshuffle. -- queen's speech. the telegraph, perhaps because this is its wish list, says that coming back in. if we look at the times, it is the opposite. yesterday, at gavin ba rwell, the opposite. yesterday, at gavin barwell, who lost the seat, croydon central, on thursday, he was a remain, he has been pointed chief of central, on thursday, he was a remi days a has been pointed chief of central, on thursday, he was a remi days

and then you want me to not get mad at it because -- richard: michael, michael, michael, michael, what's important to me is the most important thing. michael: then you're not making any sense. you're making stories up. that's not fair. lemonis: if your business is in trouble and you need my help, log on to... ♪ trade you. trade you. trade you. trade you. trade you. trade you. no thank you. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com every truck guy has their own way of conveying powerful. yeeaaahhh boy. kind of looks like a monster coming to eat ya. holy smokes. that is awesome. strong. you got the basic, and you got the beefy. i just think it looks mean. incredible. no way. i'm getting goosebumps. get 17% below msrp on all silverado 1500 lt pickups in stock. that's over eight thousand one hundred dollars on this chevy silverado. find new roads at your local chevy dealer. yet up 90% fal

and then you want me to not get mad at it because -- richard: michael, michael, michael, michael, what's important to me is the most important thing. michael: then you're not making any sense. you're making stories up. that's not fair. lemonis: if your business is in trouble and you need my help, log on to... ♪ richard: michael, what's important to me is the most important thing. michael: you're not making any sense! you're making stories up! that's not fair. lemonis: calm down. michael: i really am offended by you guys saying i'm cavalier with money. if i spent $20 to overnight samples here when i saved the company hundreds of thousands of dollars 'cause of this packaging, then i guess i'm cavalier. lemonis: can you change your tone? we're in a work environment. it's not good delivery. if you and i actually worked for him, in this building, he's your boss. michael: i understand that. lemonis: you probably would have gotten fired in this last argument. ♪ you can't change people's perceptions unless you change your behavior. an argument's never gonna change it. it's just not. so let i

michael: absolutely. and this decision almost ensures, if this goes through and the next president does not change it, this decision is going to make the climate worse and therefore have national security applications from that very significant prospective. the other national security issue here is that there are specific national security implications of climate change. for example, water shortages and fights, conflicts between nations over water. instability caused by the increasing size of deserts. food problems in the instability that causes. there is a whole bunch of stuff we in the intelligence community study, the national security fallout of climate change. those are going to get worse as the climate gets worse. two huge national security implications. then there are two other implications that i think about. one is, i think this is going to significantly impact u.s. leadership in the world. this is as bad, if not worse, than barack obama's decision not to enforce the redline on syria. as you reme

had failed michael. he had to jump through one bureaucratic hoop after another, just to try to get the services he deserved and he had earned. in one situation he had to wait 57 days just to get his prosthetic leg fixed. he had to wait 3 1/2 years to be able to get the type of adaptions for his home that he needed to be able to live comfortably in his home. i'm pleased to say he's waiting no longer. unfortunately michael's story isn't unique. and that's the reason why we're so focused on fixing the v.a. and reforming the v.a. the president and i are committed to fixing the v.a. and tackling the challenges that have been within the v.a. system for decades. millions of veterans like michael and their families are counting on us. so today we're here to celebrate an important step towards that reform of the v.a. i'm thrilled that michael and his wife, sara, are here with us today. they have two daughters in their home in north carolina and i think as you'll see, expecting another very soon. michael and sara,

had failed michael. he had to jump through one bureaucratic hoop after another, just to try to get the services that he deserved and he had earned. in one situation he had to wait 57 days just to get his prosthetic leg fixed. he had to wait 3 1/2 years to be able to get the type of adaptions for his home that he needed to be able to live comfortably in his home. i'm pleased to say he's waiting no longer. unfortunately, michael's story isn't unique. and that's the reason why we're so focused on fixing the v.a. and reforming the v.a. the president and i are committed to fixing the v.a. and tackling the challenges that have been within the v.a. system for decades. millions of veterans like michael and their families are counting on us. so today we're here to celebrate an important step towards that reform of the v.a. i'm thrilled that michael and his wife, sara, are here with us today. they have two daughters in their home in north carolina and i think as you'll see, expecting another very soon. michael and

-lemonis: michael! michael! gina: i'm the wrong [bleep] one. i'm the wrong one. i'm the wrong [bleep] one. it takes one phone call... -sal: gina. gina. -gina: ...and i'll end you, bro. -sal: gina, please. -gina: [ shouting indistinctly ] -michael: you have no respect. -gina: sit the [bleep] down. -michael: no respect. -gina: not when you get in my face and try to talk to me like that! fabio: do me a favor, babe, please? just calm down. i know. just calm down. lemonis: gina is going bananas because she's scared that she's gonna lose her job. this is how she provides for her family. what i was worried about is this thing was gonna get totally out of hand. woman #2: he's the one starting the problem -- him. -sal: honestly -- -michael: i haven't been paid for three years, and i'm no good? i've let it slide for three freakin' years! lemonis: okay, okay. gina, please don't go out there. michael: i'm closing you down first, because i got to get paid! -sal: gina. gina. -michael: that's the facts! all right?! lemonis: you know, as i'm watching this go down, i'm pissed off

michael did this. he was like. ♪ where did you come from baby ooh won't you take me there right away won't you baby ♪ ♪ you got to be f ♪ fly with me for f i said, oh, my god. we be holding our breath trying to get everything on that microphone. time's like this. ♪ y'all will be there [ laugher ] >> michael came out. am i singing right? michael, you killed it, singing. how do you want to sing it? >> i love james. >> when you actually heard michael singing your stuff, how did you process this? >> the only time i really heard it when it was on the radio. so, that was, you know, i didn't, i wasn't in the stud crow when he recorded it -- in the studio when he recorded the lead vocal. i was in the studio to rerecord the demo. first time i met him. in the room with, quincy, and enegypt near e engineer of life. michael jackson. me. quincy said, the key is little too high for michael. can you sing it in a lower key. i was look sure. i get up and go to the studio. michael jackson gets up and like he i

we are very proud of michael, very proud of michael. the fact is he has access to these treatments and medication are really a matter of life and death for people with cystic fibrosis. if something should happen and michael and his family would lose health care, and they would reach out and try to get coverage, and before we had the affordable care act, it was a pretty good likelihood that fi finding that coverage wouldn't very dix and it would be difficult because he has cystic fibrosis. he is not an inexpensive young man to take care of. and to keep him alive and well and able to go to school and the amazing regimen that he does takes money and resources, medicine, and medical technology. the way health care used to be provided in this country, when somebody had a preexisting condition like cystic fibrosis and they lost their health care -- maybe a parent had coverage and lost a job, the person in this case, michael, would have been out of luck because a lot of the health insurancers used to say, we don't want to cover this person bec

michael, let's start with you. >> michael: i don't think this is a loud and clear message at all. we have been sending them ambiguous messages. you had president trump pricing kim jong-un, saying he would like to talk to him, and then you have other members of the administration saying we are done talking. contradictory messages but we don't know what they're going to be doing there's a lot of smoke and mirrors. we have seen something like this, this has gone back. in the '70s, the americans wanted to prune a tree on the dmz and the north koreans chopped it up. we launched operation paul bunyan. we came back with troops and ships and pruned the tree and left the stump. this has been going on for decades. >> eric: i think it's new. you don't think it's new? donald trump is commander-in-chief. 59 tomahawk missiles into syria. he has put three aircraft carriers in the region. six destroyers will help those three strike groups. cruisers, aircraft. 96 vertical missile launchers. each one of these carrier strike groups typically travels quietly with submarines as well. these are nuclear

michael: it is different for a few reasons. one is we saw what happened in 2015 and early 2016 -- production came off-line, companies learned how to survive or else they did not survive, and quite prickly, a lot of these companies ended up defaulting. it is interesting when you think about energy with an high-yield. what you did is defaulted i would think the most vulnerable cohort within energy, you defaulted that out of the market, and you are left with the stronger cohort. that stronger cohort now has more disciplined, more balance sheet strength, and what they have done is, like i said, they learned how to adjust their cost structure. i do not think this is going to be a repeat of what we saw in 2015 and 2016. in fact, we are looking at this as an opportunity. from 6%preads have gone now back to 7.5%. i think there are really high quality that you can buy and make decent returns on. jonathan: is that sector-specific, mike? michael: it is credit-specific. you cannot go out and randomly by energy. if you are looking at explor

had failed michael. he had to jump through one bureaucratic hoop after another just to try to get the services that he deserved and he earned. in one situation he had to wait 57 days just to get his prosthetic leg fixed. he had to wait 3 1/2 years to be able to get the type of adaptions for his home to live in his home. i'm pleased to say he is waiting no longer. unfortunately, michael's story isn't unique, and that's the reason why we're so focused on fixing the v.a. and reforming the v.a., the president and i are committed to fixing the v.a. and tackling the challenges that have been within the v.a. system for decades. millions of veterans like michael and their families are counting on us. today we're here to celebrate an important step towards that reform of the v.a. i'm thrilled that michael and his wife sarah are here with us today, they have two daughters in their home in north carolina and i think as you'll see, expecting another very soon. michael and sarah, thank you for your service and sacrif

as michael said, it is the morning. astorians in the public michael has noted have long consigned james buchanan to the dustbin of presidential failures. buchanan did not see himself in that fashion. he did not see himself as a loser. he made no apologies for his presidency. presidency, he wrote about his experience as president, particularly during the secession crisis. it stands as the first presidential memoir. work blankedis secession not on his own abolitionistson and southern fire eaters. his positive assessment of his presidency is one that has n ot weathered very well. even though historians have generally regarded him as a failure, they have not always agree as to why his presidency was unsuccessful. i would like to say a few things about some of the ways historians have looked at buchanan's presidency. while historians use documentary evidence to build their conclusions, it is the interpreting of that evidence that leads historians into disagreement. as michael said, philip klein's work that cannot happen cent

and michael collins. kathleen, let's use that hertz offering as a catalyst. how difficult is it to get adequately compensated for the risk you assume no matter where you look? kathleen: you are not adequately compensated no matter where you look. it is tough, tough, tough in high-yield. jonathan: let's use the car rental companies as an example. they have a capacity issue. they have an issue around the price of their vehicles. a lot of people are looking at the companies and saying there are problems in the subprime auto debt, and problems with these companies. michael: there are two problems with the credit markets and high-yield markets, one is these cracks we are seeing on the credit side. you mentioned subprime auto lending. the auto companies themselves have finance arms. we are seeing auto sales and auto production rollover. you're seeing problems in the auto rental companies, big problems in retail, and some signs the lodging sector is being hit by technological change of potential excess supply, s

and michael collins. what are you looking for? michael: we are going to start talking about tapering purchases of bonds. the fed is years ahead of them. the fed is talking about reducing the size of the balance sheet, and the ecb is talking about reduci purchases. look at the data out of europe, spain, italy, greece moving ahead. italy has posted better numbers. europe is outgrowing the u.s. right now. kathleen: i completely agree. europe is going to become the focus. there is a lot of youthfulness coming out of europe, and we have inflation there too. jonathan: i want to wrap this up with the rapid fire round. one word answers from each of you. do we hit 2% on the 10 year before we hit 2.5%? bob: 2.5%. kathleen: 2%. michael: i wish it was 2%. jonathan: high yield or cash? bob: high-yield. kathleen: cash. michael: high-yield. jonathan: are you long euro or long sterling going into next week? bob: sterling. kathleen: euro. jonathan: mike? michael: i will take the other side and go with the sterling. jonath

get up, michael. \[applause] he gets up better than i do. [laughter] thank you, michael. michael lost two limbs. in defending our country. and yet he had to wait 57 days to get his prosthetic leg repaired, it's a long time, michael. and over 3 1/2 years for modifications to make his house more accessible. what happened to michael is happening to many. but it's rarely happening under our leadership and david's leadership anymore. that i can tell you. our wounded warriors have given everything they have to this nation. and we owe them everything we have in return. and we're taking care of it. today we are taking a very historic action to transform the v.a. by enacting the v.a. accountability and whistleblower protection act. this was not easy. this was not an easy one. and it's one that they've wanted to do, michael, you know for a long time. for many years. couldn't get it done. we got it done. this is one of the largest reforms to the v.a. in its history. it's a reform that i campaigned on and now i am thrilled to be able to sign that promise into law. v.a. accountability

bob michael, kathleen gaffney, michael collins. yields grinding lower by two basis points on the two-year. 2.81% is the latter curve no matter where you look at it in the treasury market. still ahead, the final spread. the ecb and u.k. heading to the polls. this is "bloomberg real yield." ♪ ♪ jonathan: this is "bloomberg real yield." it is time for the final spread. over the next week, right decisions from the ecb, australia, and india. the big event in the u k, the election. june 8 is busy. the u.k. election, the ecb, and director comey is testifying as well. join me as bob michele, kathleen gaffney, and michael collins. what are you looking for? michael: we are going to start talking about tapering purchases of bonds. the fed is talking about reducing the size of mount sheet, and the ecb is talking about reducing purchases. look at the data out of europe, spain, italy, greece moving ahead. europe is outgrowing the u.s. right now. kathleen: i completely agree. europe is going to become the focus. there is a lot of youthfulness

jonathan: bob michael. bob: i think it is more about flows than expectations on the economy or the fed. i think there is so much money out there. central banks outside the u.s. are still printing money. there is $2 trillion a year that is being printed and coming into the bond market. that is what is keeping yields down. jonathan: let's talk about how difficult it has been through 2017 to be a treasury bear. bob: it has been tough. the definitely has been tough. if you look at a couple things, central banks have been a bit more hawkish than anyone anticipated. you have got the fed talking about taking down its balance sheet before the end of the year and pretty committed to more increases in the fed funds rate than everyone anticipated. you have the ecb talking about tapering their balance sheet. corporate earnings look great. the revenue recession of last year is gone. they look very, very strong, so i think there is a lot of good going on in the market. i think the term premium in the bond market is wrong

as michael said, it is the morning. now, historians in the public as michael has noted have long consigned james buchanan to the dustbin of presidential failures. and buchanan did not see himself in that fashion. he did not see himself as a loser. he made no apologies for his presidency. after his presidency, he wrote about his experience as president, particularly during the secession crisis. it stands as the first presidential memoir. and buchanan in his work blanked secession not on on own failures, but abolitionists and southern fire eaters. his positive assessment of his presidency is one that has not weathered very well. but even though historians have generally regarded him as a failure, they have not always agreed as to why his presidency was unsuccessful. so i would like to say a few things about some of the ways historians have looked at buchanan's presidency. while historians use documentary evidence to build their conclusions, it is the interpreting of that evidence that leads historians into disagreement. a

we'll be right back with michael keaton. (laughter) (applause) glang guys, everybody quiet down... cause this is my jam. showtime! ♪tell it to my heart ♪tell me i'm the only one... the fordme sumr sales event is on. it's gonna work, i promise you, we can figure this out. babe... little help. -hold on, mom. no, wifi. wifi. it's not a question, it's a thing. now with summer's hottest offer. get zero percent for seventy-two months plus an additional thousand on top of your trade-in. during the ford summer sales event get zero percent for seventy-two months plus an additional thousand on top of your trade-in. offer ends july 5th. ♪ when bold espresso meets ice flavors are transformed, afternoons get more refreshing. from the bold starbucks double shot on ice to the sweet iced caramel macchiato. meet a friend and chill together. from june 27th to july 2nd buy any grande iced expresso beverage, get one free between 2 and

, with him. >> michael, there's multiple problems. we gotta do what we gotta do. >> unlike many of the businesses i help, mr. green tea isn't facing a crisis. they generated over $2.5 million a year in revenue, and the emanueles make a very good living, but the business is static. >> i have such a hard time making this decision. >> the emanueles can't seem to agree on a plan for their future. michael has big ideas, but richard always plays it safe, and that creates tension. >> it's not 75. just get-- >> don't mince my words. i hate that. >> i believe that mr. green tea can be a $50-million company. they need to be bold, and they need to take chances. they haven't launched new flavors in over a decade, and they're still not well-situated in the retail market. the ice cream business generates well over $10 billion a year. i want a taste of it. >> hello. >> hi. >> hi. >> i'm marcus. >> hi, marcus, nice to meet you. i'm lori. >> nice to meet you. are you lori--are you mom? >> i'm mom. >> i wore green because i wanted to-- >> you're gonna

the cia director, though, if he had known there were concerns about michael flynn, and michael flynn, the president still wanted michael flynn in the room. should mike pompeo have stepped in and said, hey, i'm not going to do the briefing with him there, is that his decision, phil? >> hell, no. what do you mean concerns? let's be clear about facts and suppositions. the defense department had a security clearance for general flynn for years. he's maintained that security clearance at a top-secret level when he worked for president trump, and he had that security clearance during the briefings from mike pompeo who had been there for a matter of weeks. do you walk into the oval office and say your national security adviser still has a top-secret clearance, but i'm not going to talk to him? the bottom line, john berman, is very simple. this is not a decision for the white house. it's a decision for the defense department that holds the clearance for general flynn. if he maintains a clearance, he gets a briefing. if he doesn't, mike pompeo should say he should leave the room. he no longer

michael: exactly. ofhave an even number members. if you get a split vote, mark carney's vote overalls and he is clearly on the other end of the spectrum. the other half of the mpc will be happy the market is pricing in a rate hike. that is going to help provide support for the pound. anna: the inflation report in may with the message the governor was trying to give. it was suggesting rates could go up in the market did nothing to believe them. now things have changed. there is another suggestion of not looking through the spiking inflation just because it is driven by the pound, some of the pound weakness has a long-term impact on inflation forecast. she says inflation forecast to be about target this year. so, why not act? michael: the paper we had from forbes a couple weeks ago underscores the bank of england, while their main focus is hightion, because of the pass through from the exchange rate to inflation, it means they are looking at the currency a lot. the link between the currency and inflation

michael: my firm continues to see growth in cable tv. cord cutting will continue, but it's going to be the slower rate. part of the reason why cord cutting is even happening is that there are a lot of millennials who, our research shows, are sharing passwords, using their parents' passwords for their tv anywhere. i think the losers will be those cable networks which aren't able to maintain ratings. there are some of them who just haven't been able to maintain ratings in a world where they have competition against digital video. the others will be websites and other digital media's that don't have video, because they need video to grow. caroline: need to stay ahead of the game. need to be in the videogame. my guest cohost for the hour, activate's cofounder and ceo michael wolf. wonderful to have you. that's it for this edition of "bloomberg technology." on thursday, i will be leading up bloomberg's coverage of the conference in berlin. a great lineup of guests, including john collison, stripe president and cofounder. bloombergtech.tv. ♪

michael, good to see you. michael: thank you for having me. jeff: the big qualifier is we don't know whether this is actually accurate. it was interesting because the ministry came out at first and said he is dead and then said we are looking into reports that he is dead. what do you make of all of this? michael: brought to you by the ministry of defense that said ukraine shot down mh-17 and a load of other imaginative tales. i take this very skeptically , principally because he would not be in raqqa at this time and senior leadership would not be having this high level meeting when the so-called caliphate is crumbling. all of raqqa is encircled by the democratic forces. it is true that russia occasionally bombs in the river valley but that is not a mainstay of their endeavors as we have seen. this has been more about them propping up assad against other rebel groups or opposition backed by the u.s. the areas that i have heard baghdadi travels in includes northwest iraq, which has been taken over by shi'a militia groups. the key area, what i w

michael: no. their only probably less than people on the planet who know where he is at any given point, apart from whatever his own personal entourage, including his many wives and sex slaves that he is keeping. this is one of the most guarded men in the world. he does not talk on cell phones. when the council met before in isis held territory, the objective was to always lock your mobile devices or electronic devices in lead boxes so they cannot be intercepted. jeff: russia does have human intelligence. michael: the warlord president of chechnya has more than hinted that he has been dispatching spies into isis to join isis from chechnya to gather evidence and so on. isis has claimed they had executed some of these spies. one of whom was eulogized. isis is infiltrated by various agencies, but i don't think they have better detail or better information than what the coalition has got. jeff: agencies, but i don't how do baghdadi's travels and secrecy differ from bin laden? michael: zarqawi was a li

keaton, everybody knows michael keaton. but i found out are you not michael keaton. >> correct. >> stephen: i did not know that, that is just a stage name. >> correct. >> stephen: you actually have another name, your real name you actually seuss use, tell the people what it is. >> my real make is doug-- douglas, michael douse las. immediately gets a laugh. >> stephen: so easy. >> yeah. my real name, and i got a gig, i was just starting out and i got this job and because of the union there was pike douglas who used to have a talk show. >> stephen: sure. >> and michael douglas, the movie star, actor. and somebody said well, you know, you have to change your name, i said i don't really want to change my name, i'm very proud of my name, by the way, i'm easing my name back into-- i'm trying to kind of ease it back in. because i'm proud of my name. so they said well, you know, you have to change your name. i said why. because there are two other guys in the union. so i changed my name. now what is great is i used my real name, mi

and in the end for michael tyree, there was no chance. i want to thank the sheriff's department for its excellent investigation in this case. in particular i want to thank sheriff's deputies mark carrasco, jason brown, and julian for their excellent work on this case. i also want to thank district attorney investigator mike gaynor, for the hard work and dedication. trapped behind bars and in his mental illness, michael tyree could not stand up to the men whose job it was to protect him. but we cannot and did not turn away from the tragedy of michael tyree. prosecutor matt breaker who is standing right here stood up to them for michael. the jury stood up to them for michael and for all of us. he is gone now, but michael tyree's tragedy was worthy of our outrage. his death will never be invisible. we will think of him as we work toward making the justice system a better, more fair and safe place for the vulnerable men and women suffering from mental illness. i am committed to doing that. we will never forget michael tyree in our fight again

michael: my firm continues to see growth in cable tv. cord cutting will continue, but it's going to be the slower rate. part of the reason why cord cutting is even happening is that there are a lot of millennials who, our research shows, are sharing passwords, using their parents' passwords for their tv anywhere. i think the losers will be those cable networks which aren't able to maintain ratings. there are some of them who just haven't been able to maintain ratings in a world where they have competition against digital video. andothers will be websites other digital media's that don't have video, because they need video to grow. caroline: need to stay ahead of the game. need to be in the videogame. my guest cohost for the hour, activate's cofounder and ceo michael wolf. wonderful to have you. that's it for this edition of "bloomberg technology." on thursday, i will be leading up bloomberg's coverage of the conference in berlin. a great lineup of guests, including john collison, stripe president and cofounder. bloombergtech.tv. ♪ from

michael: that's exactly the point. you can sort of see in the itmentary there, i said what wasn't is irrational exuberance, is just a response to a question that in her defense, she did --ch, about the uncertainty obviously were tagging a market moved to it. the point is, valuations are stretched in some way. what impact fed policy more directly is a fixed income market. how do you justify the treasury strength, given the fed is tightening? me if i'm wrong but i think they're quite happy to see a moderately healthy adjustment in the longer end of the curve. michael: absolutely, you're not wrong at all. given the fact that they're about to begin -- begin balance sheet adjustments, the softer monetary positions had become, the more likely there need to bring that balance sheet adjustment forward. manus: janet yellen said it was much safer, much larger than before, following the fed focus on capital requirements. >> i think the public can see that the tactical positions of the major banks are very much stronger at this po

michael thank you very much for coming in. better. as we've just seen protests been going on for months but is this helicopter attack. a new phase has it just become more serious. i think it suggests the fact that this course is going to this crisis is going to continue to escalate. and what is really at risk right now is the possibility for. a a political change that would be democratic in nature. this month of july is going to be very heated on the streets of venezuela. though. embattled president has proposed a conservative assembly reform. on which deposition considers to be fraudulent and i think that. we're going to see a little bit more of cool poker. for the remaining weeks of july at least. you talk about it as if by some form of negotiation going on but the country's broken down so badly. that the opposition is suggesting that this helicopter attack was actually instigated by maduro himself was it. i think that there is a there at least two schools of thought in terms of how we interpret the recent events. our first of all i

the cia director, though, if he had known there were concerns about michael flynn, and michael flynn, the president still wanted michael anyone in the room, should pompeo stepped in and said i'm not going to do the briefing with him there, is that his decision, phil? >> hell, no. let's be clear about facts and suppositions. the defense department had a security clearance for general flynn for years. he's maintained that security clearance at a top secret level when he worked for president trump, and he had that security clearance during the briefings from mike pompeo who had been there for a matter of weeks. do you walk into the oval office and say your national security adviser still has a top secret clearance, but i'm not going to talk to him? the bottom line, john, this is not a decision for the white house, but a decision for the defense department that holds the clearance for general flynn. if he maintains a clearance, he gets a briefing. if he doesn't, mike pompeo should say he should leave the room. he no longer has a clearance. this is not that complicated. >> if i could speec

gove is the right man for thejob but michael gove is the right man for the job but the michael gove is the right man for thejob but the big picture is this isa thejob but the big picture is this is a continuity candidate. this is a limited shuffle and tells you about the position mrs may is in and follows people like borisjohnson staying in place and tonight we have heard from the foreign secretary and here is what he has to say. of course people are wondering what will happen now there is a hung parliament, there is no absolute majority. theresa may got by far the biggest mandate anybody has got for my party for decades. she leaves by far the biggest party in parliament, jeremy corbyn did not win this election, it is absolutely right that she should go ahead, form a government and deliver on the priorities of the people and i am going to be backing her and everyone lam going to be backing her and everyone i am talking to work as well. he had described as trite reports that he may be behind some kind of leadership challenge and there have been from senior backbenchers words today to

we'll be right back with michael keaton. (laughter) (applause) glang guys, everybody quiet down... cause this is my jam. showtime! ♪tell it to my heart ♪tell me i'm the only one... nailed it tim, nailed it. ♪ the ford summer sales event is on. it's gonna work, i promise you, we can figure this out. babe... little help. -hold on, mom. no, wifi. wifi. it's not a question, it's a thing. take on summer right with ford, america's best-selling brand. now with summer's hottest offer. get zero percent for seventy-two months plus an additional thousand on top of your trade-in. during the ford summer sales event get zero percent for seventy-two months plus an additional thousand on top of your trade-in. offer ends july 5th. ♪ when bold espresso meets ice flavors are transformed, afternoons get more refreshing. from the bold starbucks double shot on ice to the sweet iced caramel macchiato. meet a friend and chill together. from june 27th to july 2nd buy any grande iced expresso beverage, get one free between 2 and 5pm. >> steph

>> yes, it is. >> reporter: michael maloney reconstructed the crime scene frame by frame. found too many things that forensically didn't add up. >> all these things that we're talking about now are indicative of staging. >> reporter: he says the bullet wound suggests stallman was not laying down as the report concluded but getting up, his head turned away when the fatal shot was fired. >> that puts his head in this position when he received -- >> blood would have gone up. >> reporter: it is called back spatter. the exit wound, blood would have gone into the pillow and mattress where ultimately the bullet would have gone as well. >> do you believe the bullet that caused this hole was the one that caused the fatal shot? >> no, there has to be a second shot fired. >> reporter: ncis confirms mattress and bedding were destroyed as biological hazard in 48 hours. his helmet bag which he used as a briefcase and carried with him was missing and never recovered. >> that bag turning up, the kind of bag he keeps the most personal, important papers in and documents and that's gone. >>

the author michael bond, who's died at the age of 91. newsnight is coming up on bbc two. here is 11. theresa may won her first vote of parliament today but there was confusion over the government position and 7072 days more of this parliament to go. we will ask how long theresa may will last. join me now on bbc two. news coming in that the retired court of appealjudge sir martin moore bickers apparently going to be appointed to lead the public inquiry into the grenfell tower disaster. those hello and welcome to sportsday with me, damian johnson. ahead on the programme: business as usual for bolt, who eases to victory in his first european 100 metre race of his farewell season. chris froome set to put his faith in team sky and sign a new contract on the eve of the defence of his tour de france title. and british number one, johanna konta, powers into round three at the pre—wimbledon eastbourne tournament with a straight sets victory. the 19—time world and olympic champion, usain bolt, made his first appearance of the season in europe this evening, in the czech city of

it's a question we've put for michael flynn's attorneys as well. no comment yet from michael flynn's attorneys about these -- this disclosure by these two congressmen. but this comes as michael flynn himself is getting some scrutiny as well on the senate side of the capital, including president trump urging -- allegedly urging the fbi director to back off the investigation of michael flynn. erin, tonight we have learned that the senate judiciary committee wants to look into that aspect of michael flynn as well and whether or not president trump acted improperly in any way in urging the fbi director to back off that investigation of his former national security adviser. so michael flynn is getting a lot of scrutiny from the senate and house side as they look for more information about his role here, erin. >> thank you very much, manu raju. we have a member that will join us in a moment. first, jeff zeleny at the white house. any response to this new and possibly extremely significant news on general flynn? >> reporter: erin, there's no response to t

michael gove makes a surprise return to cabinet in a post—election reshuffle. police investigating the manchester concert bombing say they're now sure the attacker, salman abedi, carried out the atrocity on his own. further success for france's emmanuel macron. his party looks set to secure a big majority in the first round of the country's parliamentary elections. also in the next hour, we'll be reviewing tomorrow's headlines in the papers — including the i, which has more on michael gove‘s return to cabinet as theresa may begins the task of rebuilding her government. and in sport, lewis hamilton wins the canadian grand prix in montreal, narrowing the gap with sebastian vettel in the drivers‘ championship. good evening and welcome to bbc news. theresa may says she intends to serve a full term as prime minister, and is "getting on with the job." she has been speaking tonight, after reshuffling her cabinet, and said what the public wanted to see was "government providing certainty and stability. " let's have a look at some of the reshuffle details. michael

so it's no wonder people are angry because they view the stakes is so high michael i would let me give you a premise here i suppose you would like the democratic party to stay exactly the way it is with the same leaders and it's a message i bet you would michel. well for the tiny bitter selfish reason of winning elections yeah sure ok but it's not helpful to the nation i grew up with if you want to run we had elections i will try to hold you to the ever ok david. what do you does to democratic party need to reinvent itself here because the identity politics have been already mentioned here everyone's put in the little box and then all the little boxes have to be fed and you know it and what happens is that you have some people that don't feel that they're part of that process it's a lot of white americans white men and women that voted for donald trump the demographics say it all here and they felt that their little boxes being the collected in donald trump spoke directly to it if you like it or not you liked his message or not or his delivery a lot of people picked up on it here and i

and so it's no wonder people are angry because they view the stakes is so high michael if i would let me give a premise here i suppose you would like the democratic party to stay exactly the way it is with the same leaders and it's a message i bet you would michel. well for the tiny bitter selfish reason of winning elections yeah sure ok fine but it's not helpful to the nation i grew up with you know i mean i don't we had election laws or protocols you could have or ok david. what do you does to democratic party need to reinvent itself here because the identity politics have been already mentioned here everyone's put in the little box and then all the little boxes have to be fed and you know it and what happens is that you have some people that don't feel that they're part of that process that it's a lot of white americans white men and women that voted for donald trump the demographics say it all here and they felt that their little boxes being the collective in donald trump spoke directly to it if you like it or not you liked his message or not or his delivery a lot of people picked

michael michael of "time" magazine. kelly o'donnell of nbc news, and jonathan swan of axios. >> celebrating 50 years. this is "washington week." funding is provided by -- >> their leadership is instinctive. they understand the challenges of today and research the technologies of tomorrow. some call them veterans. we call them part of our team. >> additional funding is provided by -- newman's own foundation. donating all profits from newman's own food products to charity and nourishing the common good. koo and patricia ewen to the ewen foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator robert costa. robert: good evening. president frump's decision to exit the paris climate accord has sparked an international detective, in particular among allies, who would like the u.s., the world's second greatest carbon polluter to share the burden of reform by in his rose garden remarks, the president talked less abo