matt, back to you. matt: thanks very much for that. in top news, iran's political litter has warned -- put a -- political leader has warned oilld trump not to warn its leaders. >> the americans say they won't allow iran to export even a drop of oil. do you think iran is that weak ? what are you thinking? we are people of resistance. the entire iranian nation will resist. president trump, do not play with the line's tail. you will regret it. it will bring it eternal regret. matt: president trump responded on twitter, writing and all caps, "never, ever threaten the u.s. again or you will suffer consequences. we are no longer a country that will stand up for your demented words of violence and death. be cautious! " annmarie hordern joins us on set. what does this progression mean -- you cover the oil market for us. you would expect it to drive prices higher, wouldn't you? annmarie: it's a war of words. one thing he did say, iran has always rejected the waterway. and mr. trump, don't mess with us. we did have the revolutionary guard a mont

lisa: matt, where do you see the biggest distortion right now? matt: the corporate space. debt to gdp just from corporate issuance in the u.s. continues to rise and is beyond precrisis levels. that is different from the consumer-oriented space where debt to gdp in the consumer oriented space continues to fall. the consumer has grown the prior debt load. we would point to the ig credit space, bbb and em, where we would see potential dollar funding issues. those are the potential seeds of concern in the future. lisa: i want to get to leveraged loans. a lot of people have been raising this as a hotspot of concern. you see the near record pace of issuance so far this year after a record year last year. do you think that leveraged loans are going to see much lower recoveries in the next downturn than perhaps even high-yield bonds? oksana: not surprising we are seeing a tremendous appetite for loans because they are one of the few pockets of fixed income this year that have delivered positive returns as everything else in fixed income struggles. there has been deterioration in t

matt: the corporate space. debt to gdp just from corporate issuance and united states continues to rise and is beyond precrisis levels. that is different from the consumer-oriented space where debt to gdp in the consumer space continues to fall. the consumer has grown the prior debt load. we would point to the eiji credit space, triple be and em, -- bbb and em, where we would see potential dollar funding issues. those are the potential seeds of concern in the future. lisa: i want to get to leveraged loans. a lot of people have been raising this as a hotspot of concern. you see a near record pace of issuance so far this year after a record year last year. do you think that leveraged loans are going to see much lower recoveries in the next downturn than perhaps even high-yield bonds? oksana: not surprising we are seeing a tremendous appetite for loans because they are one of the few pockets of fixed income this year that have delivered positive returns as everything else in fixed income struggles. there has been

matt and nique. the one where she allegedly flashed him. >> she tore off her top and says, come on, let's go, let's act like a family. >> were you expecting any sort of comment like that? >> never. i -- never. >> once nique disappeared, clegg says, matt leili inquired about having his wife involuntarily committed and even hired a divorce attorney. a man who knows his wife is already dead, he says, wouldn't have done either of those things. >> he did not really want to divorce her. he wanted to let her know, look, here are your options. you can go get help for yourself, or i'm going to go forward with a divorce. >> the defense wrapped up its case by calling matt and nique's two daughters, rebecca, now 14, and amanda, 17. >> did you ever see your dad hit your mom? >> no. >> did you ever see any obvious injuries or bruises to your mom? >> no, sir. >> according to the girls, their mother was the one with the violent temper, not their dad. >> she took a heel and threw it. i myself had to duck from it. >>

matt: sell. lisa: thanks to oksana aronov, joe higgins, matt toms. from new york, that does it for us. see you next friday. this is bloomberg real yield. ♪ >> you are watching the best of bloomberg>> daybreak middle east. mitigating man ron impact on oil prices. the u.s. says it could become the world's top producer next year. , but theera for turkey choice of finance minister riles the market. >> the ceo of one of the country's retail giants tells us a smaller market is the new normal. ♪ >>

matt: thanks very much. asian stocks have climbed on signs of a shift from china toward monetary expansion. u.n. -- of the yuan it to the lowest against the dollar in more than a year. joining us from singapore's mark cudmore. let me start with the chinese currency. it is looking more and more obvious. the government is almost explicitly saying they are weakening the currency or allowing it to weaken in order to fight donald trump straight for. -- donald trump's trade war. mark: they are leaving it weakened in line with fundamentals happening there. the fed is in the middle of an ongoing tightening cycle and china has moved to an easing cycle. that would understandably mean the yuan would weaken against the dollar. we are seeing general dollar strength. it makes sense for the you want to weaken. the pboc is not stepping in to slow down the weakness. they are definitely not helping. they are not accelerating the weakness. they are not going to stand in the way. let's talk about yields rising in japan and acro

lisa: matt, where do you see the biggest distortion right now? matt: the corporate space. debt to gdp just from corporate issuance in united states continues to rise and is beyond precrisis levels. that is different from the consumer-oriented space where debt to gdp in the consumer space continues to fall. the consumer has grown the prior debt load. we would point to the eiji credit space, bbb and em, where we would see potential dollar funding issues. those are the potential seeds of concern in the future. lisa: i want to get to leveraged loans. a lot of people have been raising this as a hotspot of concern. you see a near record pace of issuance so far this year after a record year last year. do you think that leveraged loans are going to see much lower recoveries in the next downturn than perhaps even high-yield bonds? oksana: not surprising we are seeing a tremendous appetite for loans because they are one of the few pockets of fixed income this year that have delivered positive returns as everything else in fixed income struggles. there has been deterioration in the q

lisa: matt, where do you see the biggest distortion right now? matt: the corporate space. debt to gdp just from corporate issuance in the u.s. continues to rise and is beyond precrisis levels. that is different from the consumer-oriented space where debt to gdp in the consumer oriented space continues to fall. the consumer has grown the prior debt load. we would point to the ig credit space, bbb's and em's, where we would see potential dollar funding issues. those are the potential seeds of concern in the future. lisa: i want to get to leveraged loans. a lot of people have been raising this as a hotspot of concern. you see the near record pace of issuance so far this year after a record year last year. covenants are eroding. do you think that leveraged loans are going to see much lower recoveries in the next downturn than perhaps even high-yield bonds? oksana: not surprising we are seeing a tremendous appetite for loans because they are one of the few pockets of fixed income this year that have delivered positive returns as everything else in fixed income struggles. there

matt: sell. lisa: thanks to oksana aronov, joe higgins, matt toms. from new york, that does it for us. see you next friday. this is bloomberg real yield. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. carol: coming up in this week's issue, a question. can the republican party survive a trade war? jason: we also look at the conflicting relationship between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla. jason: elon musk has made a lot of promises. can he live up to them? carol: building a car turning

matt? matt: now, investors and policies -- policymakers across europe breathed a sigh of relief after the meeting between donald trump and jean-claude juncker. it appeared to ease trade tensions. our next guest believes neither the eu or china could afford a trade war with the u.s., anyway. escape fromuthor of " the central bank trap." thank you so much for joining us. let me ask, first, about your take on the juncker-trump meeting. it looks like they are moving closer to true free trade. do you believe any of these governments, in china come in the eu, washington, really want no tariff, no subsidies, free trade? no. most governments want to keep subsidies, tariffs in order to keep control. they are more interested in control rather than growth and definitely trade. that is one of the problems of starting a trade war because if you believe you are going to lead someone to take action and be more open, but they want to exert control in the market, then it is more complicated. i believe that

matt: late 2019, early 2020. oksana: it is really hard to assume the yield curve is signaling anything given the amount of central-bank meddling. the externa amount of long-term liability management coming into place, with a population getting older. there is probably demand that will continue to anchor the long end of the curve that 10-year and in is susceptible to the supply demand dynamics and what the fed will do. nothing i'm hearing from the fed is particularly dovish. lisa: when do we see a yield curve inversion? matt: we think we will not see it. we think it will bottom near the end of the year. the ecb will be in play late this year, early 2019. we would put that well into the future and call that a late 2019, early 2020, if it happens at all. hard to sayent, when, given the technicals. oksana spoke about a lot of moving flows, u.s. inflation, wages, what the ecb chooses to do. the recession will follow the inversion possibly by nine to 15 months. lisa: we will be talking about the yield curve for a lot l

matt miller in berlin. matt: futures point to a negative open in europe. the cash trade is less than 30 minutes away. ♪ guy: the boj back in the market here in kuroda makes it clear once again that he is in charge of long-term rates. will the bank signal a shift in policy tomorrow? mark carney tells bloomberg or that he spends half of his time on preparations for brexit. -- his analyze his clues words for clues on a possible rate hike this week. heineken turns around. the brazilian beer business growing much faster than expected. the stock is sharply down this morning. we will speak to its cfo in the next 15 minutes. matt: looks like a profit warning. investors don't like that. let's look at what futures are showing. we see red arrows across the board. the fluency and the dax down. down. ftse and dax this is the treasury yields over the last three days. the band is so tight. there isn't much movement. if you look across the board at currencies, at oil and commodities, at rates, you just don't see a lot of movement in a week that will be so packed with im

matt: thanks for your time. joinarker is going to myself and mark barton on u.s. -- on bloomberg radio on london dab and tournament -- dab in 20 minutes time. let's hear from patrick harker. >> the prominent part of u.s. economy is services. service inflation is what i watch most closely. >> the cbi's not the fed's favorite method of tackling inflation. it tends to run three or 5 -- f5 basis points -- three to ive basis points below. >> what we've always said is the target is symmetric. it staying there. i would become through with it. be comfortable with it. i think it's a matter of acceleration and change inflation rather than the overall number. do isher thing we have to not just the core, breaking it down in my mind, services are by -- if we see increases in service inflation it was see wages increase as well. growth rate of 3% or better in this quarter, and bramson this quarter as well, -- in the most recent quarter and perhaps in this quarter as well, does that change how many moves you need to make? >> i

matt: welcome back. i'm matt miller. this is the european open. wizz air says it's confident in its full-year net profit guide's. it cut its capacity growth outlook by 2%. they said air traffic control strikes and rising fuel prices would continue to disrupt business into the next quarter. ,ith us now is jozsef varadi the wizz air ceo. us first ask you about feel prices. we have seen oil slow down a bit. although, analysts tell us there could be more room to run. what's your view on the price of crude? jozsef: we have seen a change of the past six or seven months. the prices come down and is now reversing and going back up. it's hard to read the market to what extent this will further increase but my expectation is that the environment is not going to ease. if anything, more downside than upside. mark: to some of the first quarter, your first quarter revenue was just slightly below the average estimate. what does it mean for the outlook for the full year? jozsef: we are fully confident in our items. what we previous gate to the market. basically,

he said, they arrested matt and nick. and i said, matt and nick who? and he said, our cousin matt and nick sampson. >> reporter: it was true. matt livers had confessed to the murders of his aunt and uncle. >> put the gun to her face and blew her away. >> reporter: and he'd named an accomplice. 22-year-old nick sampson. a cousin of matt's on another branch of the family tree. >> my husband had given me the phone. i was sitting up in bed. and i said, andy, should i be shaking? he said, that's normal, the shock. >> reporter: but matt livers had been with them at easter dinner just a few hours before. now he said that he and nick had returned to kill his aunt and uncle. >> our first reaction was somebody needs to tell our grandma. she had just lost her only son and her grandson is being arrested for this. and just like us, she's like, i don't understand. and i said, grandma, none of us understand any of this. >> reporter: did it give you any sense of at least somebody has been found responsible? did it make you feel any better? >> i think police will move

guy, matt? matt: thanks very much. is m&a monday. joining us is with david and christoph steiner, cohead of equity capital markets for europe, middle east, and africa for goldman sachs, top ranked advisor. ruth, take it away. ruth: thank you for joining us. let's start off. ipo's are what you have been spending so much time on. let's start with the biggest, siemens listing its health care unit, as well as deutsche bank listing it as it management business. these were party chunky deals. you see more of that come what is driving it? guest: thank you for having me. we've had about $25 billion worth of corporate spinouts in europe. i think it's a thing that will stay. you can ask why our company is doing it, and i think there's basically three reasons. one, you have a change in the competitive environment. new regions, price competition. the second one is releasing a value. if you have a business in your company that has higher growth rate than the parent, you can get up to 10 premium points on your pe for the growth to generate. and tw

matt? matt: thank you. stay with bloomberg for the best coverage of the ecb policy decision and news conference by mario draghi. that kicks off at 12:45 p.m. london time. we will give you the press conference live. take a look at westminster. the hottest day on record in july. some temperatures forecast 37 degrees. require atinitely least a pint of extra cold guinness. we talk with the seat -- a ceo. matt: welcome back to "bloomberg markets." this is the european open. 41 minutes into the trading day. let's look at how markets are trading across the european continental. the dax, 1.3%. the german stocks, doing better than any of the other indexes. this is because the dax index has so many carmakers on it. daimlergood news for and bmw as well. the dow is down one point 25%. the others are gaining. the stock of the hour is a plane-maker. take a look at airbus. deliveries of its best-selling jetliner. say airbus would be a huge beneficiary. about the plans to buy back up to 2 billion pounds of stock as earning

lemonis: it doesn't work that way, matt. matthew: well, now, these guys have it that they can make decisions that go against me. guess what? that's not [ bleep ] true. if i'm acting c.e.o., i am still in control of this company. it's just, like, still respect my decisions and let me lead the company. don't have this as some, like, "now i can be a dick." charlotte: you can't take that as us being dicks, because we're calling you out on the last 3 years of bull[bleep]. skyler: i mean, the thing is is that you're still being completely self-centered about it. it's all about you. it's all -- you know, it's all your authority. you're all afraid of losing your power. matthew: i'd like you to trust me more. charlotte: you have to earn that. matthew: i got that. charlotte: and that's what i don't know that you understand. matthew: i got it. lemonis: the two of you have to also understand that it's not "gang up on matt and beat his ass" day. it's "hold him accountable, make him better." skyler: totally, yeah. lemonis: 'cause i'm inve

matt krattiger is the new guy. a hard rock miner by day, he likes to relax by spending his free time down here; playing. >> matt: i come mining for fun on my days off. >> anthony: okay! >> matt: it's one of those things that just gets in your blood. you got a lot of pride in it. >> anthony: these guys like it under ground and even more they seem to like drilling holes deep into the rock face. ♪ [ drilling ] >> matt: you want to drill? >> anthony: sure. [ drilling ] ♪ >> matt: pull that out. then get the feel for where the weight sets on it. >> anthony: oh yeah! cool. >> matt: do that several hundred times a day. >> anthony: no! [ laughs ] >> matt: just do it. >> anthony: sweet! >> jim keane: the community recognized the miner was at the top of the food chain. when i grew up, he was considered just like a doctor or lawyer because everybody knew that he was the one making everything work. the other thing about mining is that it is so intensive, i mean you need engineers, guys running ventilation, mechanic or carp

lemonis: hey, charlotte and matt, come on back. i got a call this morning from a very frustrated skyler and charlotte, wanting to meet immediately to discuss one thing -- the lack of progress. skyler: honestly, it's a little frustrating 'cause it kind of feels like we're avoiding getting the work done. lemonis: are you upset with matt? skyler: a little bit, definitely. lemonis: so, this is just, like, we shouldn't, like... let's just -- right to the point. like, you weren't gonna be here today, right? matthew: no. i had a 2-day training on scheduling. lemonis: on scheduling? matthew: yes. lemonis: what does that mean? matthew: so, it's a program that is used for people who have, like, incredibly busy lives in order to, like, live in empowering context through rescheduling. so, but really, at the end of the day, it allows you to get more done in less time and be specific with what you can get done, which is a good thing. charlotte: yeah, but you do a lot of bull[bleep] trainings and courses. lemonis: how much is it? matthew: $700, 6

lemonis: it doesn't work that way, matt. matthew: well, now, these guys have it and we got to know the friends of our friends.r the friends. and we found others just like us. and just like that we felt a little less alone. but then something happened. we had to deal with spam, fake news, and data misuse. that's going to change. from now on, facebook will do more to keep you safe and protect your privacy. because when this place does what it was built for, then we all get a little closer. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? new cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! new cascade platinum. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the a

lemonis: it doesn't work that way, matt. matthew: well, now, these guys have it at the marine mammal center, the environment is everything. we want to do our very best for each and every animal, and we want to operate a sustainable facility. and pg&e has been a partner helping us to achieve that. we've helped the marine mammal center go solar, install electric vehicle charging stations, and become more energy efficient. pg&e has allowed us to be the most sustainable organization we can be. any time you help a customer, it's a really good feeling. it's especially so when it's a customer that's doing such good and important work for the environment. together, we're building a better california. that they can make decisions that go against me. guess what? that's not [ bleep ] true. if i'm acting c.e.o., i am still in control of this company. it's just, like, still respect my decisions and let me lead the company. don't have this as some, like, "now i can be a dick." charlotte: you can't take that as us being dicks, because we'r

matt: we have 397 gainers. 86 losers. on the stoxx 600, you're looking at individual indexes across europe. we do see green arrows across the indexes. if you take a look at the movers here, you will see that we have mostly cleaners. very few -- gainers. very few losers. if you look at the companies adding index points, you don't see very many of them up more than 1%. otherwise, you see smaller moves by some fairly sizable companies. daimler still up there. i has been watching very closely even on vacation with a possible story surrounding the tariffs. take a look at the losers here. rolls-royce is among the losers there. we know they sold off at least a small slice of their business. we also see some of the bigger companies that are making smaller moves, holding the stoxx 600 down. hsbc only down .6%. bp only down .4%. let's talk about the trade story and how european markets are reacting to it. let's talk about what we are going to get from the payrolls later on. asia rallying. that does it actually happened, what we saw

matt miller is in berlin. matt: we had a mixed trade in asia overnight, chinese markets were down, japanese markets were .p after the marine day holiday it looks like investors are selling off treasuries so it could be risk on in europe. the cash trade is less than 30 minutes away. ♪ guy: trump trashed by democrats and republicans after seeming to side with putin rather than the u.s. intelligence services. well it have an impact on the midterms? shares dropped for mid -- more than 1% on weaker's instruction numbers but after more than doubling, was the stock in troubled territory? oil falls after yesterday's dramatic selloff. data put a floor under this market? question. is the we are less than half an hour away from the european open of stock trading. futures are mixed as well. we have a positive trade on ftse futures, a drop-in dax and cac futures. yesterday we had a mixed trade although it was not terribly positive. one of the things are like to look at is what investors are doing with treasuries so take

matt: whoo! whoo! jen: but that all changed when we bought a house. matt: voilà! jen: matt started turning into his dad. matt: mm. that's some good mulch. ♪ i'm awake. but it was pretty nifty when jen showed me how easy it was to protect our home and auto with progressive. [ wrapper crinkling ] get this butterscotch out of here. progressive can't protect you from becoming your parents. there's quite a bit of work, 'cause this was all -- this was all stapled. but we can protect your home and auto when you bundle with us. but we can protect your home and auto rewards me basically aeverywhere.om so why am i sliding into this ski lodge with my mini horse? because hotels.com lets me do me. sorry, the cold makes him a little horse. hotels.com. you do you and get rewarded. (music) [glass squeaking] [marker squeaking] (music) ♪ at ♪ pick the perfect one arfrom our ultimate burgers ♪ ♪ the boss, chili's chili, or the santa fe ♪ ♪ we may have really out-burger-ed ourselves ♪ ♪ chili's is back, baby, back, baby, back ♪ mmm-hmm! ♪ or take your burgers to

sorry, matt. matt: i just wanted to ask if etf's are great answer for that. do you think they are a good way to passively invest? greg: we are agnostic between the two different approaches. ultimately, low-cost investing is a great thing for investors around the globe. we have been advocating that since the beginning of them guard. that is what our approach is all about. continuing to lower the cost for investors around the globe. we think etf's are great vehicle to help accomplish that. guy: transparency is meant to improve. i care a may months we are into it, what are they looking like from your end of the stick? greg: we think transparency is a good thing. from our perspective, it's a good thing. transparencyater for investors to ultimately understand with their costs are going to be in a variety of different structures, we think is a good thing for investors to have. when you think about markets in general, when there is a case for transparency versus no transparency, vanguard has always been advocating for greater transparency when it comes to understand

matt: the cloud business is all the rage. andke to see rm business what kind of growth can you expect in that part of software -- the software universe and are you going to make any acquisitions to grow the business, is it all going to be organic growth, how do you see that going? very good questions. on the acquisition front, we have made our major moves to round up the proposition with the acquisition of [indiscernible] we can offer our customers and and to end portfolio. they are complementry the -- comp lamenting the automated solutions. we are coming up with a that we didolution toward the end of last year which will is a differentiator. to manageer customers the profiles of their consumers and dative -- data privacy we have made another small acquisition in the management space which establishes us as a credible player. we have now the main assets we need and we see absolutely an exponential growth of .pportunity in crm this is the biggest software applications market. sap has been underrepresented in it. we are breakin

matt: whoo! whoo! jen: but that all htanged when we bo house. matt: voilà! jen: matt started turning into his dad. matt: mm. that's some good mulch. ♪ i'm awake. but it was pretty nifty when jen showed me how easy it was to protect our home and auto with progressive. [ wrapper crinkling ] get this butterscotch out of here. progressive can't protect you from becoming your parents. there's quite a bit of work, 'cause this was all -- this was all stapled. but we can protect your home and auto when you bundle with us. but we can protect your home and auto rewards me basically aeverywhere.om so why am i sliding into this ski lodge with my mini horse? because hotels.com lets me do me. sorry, the cold makes him a little horse. hotels.com. you do you and get rewarded. (music) [glass squeaking] [marker squeaking] (music) ♪ at ♪ pick the perfect one arfrom our ultimate burgers ♪ ♪ the boss, chili's chili, or the santa fe ♪ ♪ we may haou really out-burger-eelves ♪ ♪ chili'sbas back, baby, back, bymmm-hmm! ♪ or take your burgers to go... ♪ ♪ baby

this man, matt klein. >> matt: you're going to have to remember you're speaking to 100-year-old man. >> anthony: i know. you look good. >> matt: raise your voice a little bit. >> anthony: you look good. if i look that good when i'm 60, i'll be happy. >> matt: you know the amazing thing about being 100 is? a year ago i was 99. nobody paid attention to me. didn't care. i became 100, my god. >> anthony: matt klein, the owner, proprietor, at max club deuce turned 100 years old this year. yes, 100. he's still here. the cigarette smoke and dark dank atmosphere pretty good for a guy that's seen it all. >> matt: that's 73 years ago. fort bening, georgia. i was in the second army division. >> anthony: matt klein came to miami in 1945 from new york's lower east side by way of the battle of normandy. >> matt: i came here because i was wounded and the warm weather was much better for me. >> anthony: but there was a lot of g.i.s during the war here, right? >> matt: the war made miami beach for the simple reason that people were stationed here, and they saw a world that they didn't believe. >> ant

i am guy johnson alongside matt miller in berlin. but: asian stocks are mixed more to the downside, the yen unchanged as treasuries gained, jgbthe real move comes in 's. the cash trade is less than 30 minutes away. guy: after all that buildup, the boj fails to deliver. anything more than a few tweaks to monetary policy. the press conference -- conference just beginning. we will get you the latest headlines as the press conference develops area tech tanks again. morgan stanley says the selling is just beginning and the market is heading for much eager correction. credit suisse shines, this was bank reported best pretax profit in three years. the ceo tells bloomberg that he is very happy with levels of growth. >> the core of our performance is driven by wealth measurement which is much more stable and much more predictable and growing very nicely and we can absorb the [indiscernible] of global markets. three more great interviews coming up for you on bloomberg television. we will speak to bps ceo bob dudley about his earnings. after it

ken, with more on matt carpenter. guys, you've heard a lot lately about how analytics have ateast changed game. carpenter is a classic example of a player who is helped by analytics. when he was struggling, the caeinals front office camo him and said, lien, all t other numbers look good, launc angles, hard hit percentag his batting average on balls and plays, extremely low, that reflected poor luck. he the process and look what happened. he erupted. batting average on balls and plays. it was just .178..375, things even out. >> len: yeah, they do. the irony is, the balls deposited in the bleachers are nsidedert >> tom: tcingac ftshe joe also to us that unlike theny, you can throw out. just learning the newie tende of the new manager, mike shildt. bader showing bunt, first pitch. >> len: atrike. 1-1. by the way, thatn patch oe left sleeve of the cardinals wearing for the rest of the year in honor of ted shamebess, passed away earlier. was a fixture at busch stadium. 2-1. >> tom: one olethe finest men in baseball. >> len

matt: let's talk about the rates environment. we seem to have a pretty clear path from mario draghi and the ecb. how confident are you that we can see rates increase, and how important is this to your business? christian: this management in particular is focused on the next 18 months. we have set clear goals for the next 18 months, for 2018 and 2019. we want to have a return on equity of 4% at the end 2019 and that does not depend on a rate increase. hence, we have to plan what we can actually really influence. that is costs and capital, and that is what we are doing. it would be nice to have a rate increase, however that is not in my hands and hence, this is not an underlining -- underlying driver or the next 18 months. it is hard to predict rate increases and this is not part of the plan. matt: you came into this position almost at a perfect time for may rates perspective because we are getting ready to climb in the next 13, 14 months. christian: i expect a rate increase over time. whether that happens in 2019 or later is hard

matt rivers, what do you know? >> reporter: yeah, we're right on the street outside of the road that they've blocked off to the hospital. we just arrived here, and we believe ahead of the first ambulances that are going to be bringing the boys. the way this is going to work is they're going to come down that road right there behind me. we're about an hour or so south of where that cave entrance is, where those boys were taken out of. the ambulances are going to come down here. they're going to move these cones when the ambulances arrive -- brad, walk with me a little bit -- and down that road is where they're going to go. that building, if you want to tilt up a little bit, that building is the hospital and that's where we are expecting these boys to come when they get here. earlier today they didn't actually have this road blocked off so we could get closer, and a gurney has been laid next to the emergency room. this is where the boys are coming to. they're expecting their arrival. teams inside the hospital are mak

central casting. >> i'm joined by jennifer rubin and matt miller. jennifer, take it away. >> if you want the definition of superficial, i guess you have it right there. but that's who this guy is. he doesn't care about substance or policy. he cares about what in his mind he thinks is central casting. it is interesting the people that make central casting are male and white. and i think that should not go unnoticed. listen, he's going to pick someone off that list that has been preselected for him with the intent of overturning 20, 30, 40 years of judicial precedent. so there's nothing amusing and nothing asurface about that. but donald trump just wants good pictures. that's why he goes to north korea. that's why he goes to putin. this is all about him all about looking good. unfortunately, the results for many americans is very bad. >> i think that's very well put. i mean, matt, we are dealing with a place where donald trump's interests in being a chief content officer more than a chief executive officer and pursuing the pictures that jennifer cites

central casting. >> i'm joined by jennifer rubin and matt millerme. jennifer, take it away. >> if you want the definition of superficial, i guess you have it right there. but that's who this guy is. he doesn't care about substance or policy. he cares about what in his mind he thinks is central casting. it is interesting the people that make central casting are male and white. and i think that should not go unnoticed. listen, he's going to pick someone off that list that has been preselected for him with the intent of overturning 20, 30, 40 years of judicial precedent. so there's nothing amusing and nothing asurface about that. but donald trump just wants good pictures. that's why he goes to north korea. that's why he goes to putin. this is all about him all about looking good. unfortunately, the results for many americans is very bad. >> i think that's very well put. i mean, matt, we are dealing with a place where donald trump's interests in being a chief content officer more than a chief executive officer and pursuing the pictures that jennifer cites

matt: whoo! whoo! jen: but that all changed when we bought a house. matt: voilà! jen: matt started turning into his dad. matt: mm. that's some good mulch. ♪ i'm awake. but it was pretty nifty when jen showed me how easy it was to protect our home and auto with progressive. [ wrapper crinkling ] get this butterscotch out of here. progressive can't protect you from becoming your parents. there's quite a bit of work, 'cause this was all -- this was all stapled. but we can protect your home and auto when you bundle with us. >> judge jeanine: welcome back to head to d. less than a week president trump will announce his pick for the supreme court. today the president met with more possible candidates after a call with utah senator mike lee yesterday. joining us now with more on this, fox news chief ed henry. add to. >> judge great to see you. trump has now interviewed a total of seven candidates for his second pick to the high court. this will pick will be unveilet week. in a prime time. he interviewed three of those seven candidates, including a judge joe larson. as

i am matt drange. i am here to strongly support the nominations of matt kate and lila lahood. we have a pretty detailed and rigorous interview process. we spend weeks and take this responsibility seriously. both matt and lila quickly rose to the top of the list. i am confidents they will be able to think critically independently and work with others both of which will be worthwhile assets as problem solvers to the task force. i want to touch on something that matt said being as strong as we make it. the task force is strong and can be made stronger. both of them would help with that. i urge you to approve both of them. thank you. >> good afternoon supervisors. i am richard knee. i am on the sp north committee and served on the sunshine task force from 2002 to 2014. it is a challenging job, about 15 to 20 hours per month. you know, there are other kinds of so called political challenges to the job. sometimes you have got to have a chicago skin as i'm sure all of you have experienced in your positions as supervisor. i am you absolutely confident that matt and lila would be super

matt: they do. you have to be able to put all of your tools on the table and you begin the negotiation process. this is the benefit of having a business person in the executive's chair instead of a bureaucrat. whoave had too many people have had zero business background whatsoever. we finally have an administration were not only does the executive have a tremendous business background, but a lot of the people he is bringing with him do as well. i think that is critically important to the entire community. shery: would you back more subsidies or supports for the agricultural community? matt: i think we have to wait until we continue to work these transactions and see that we can bring these other nations to the table to negotiate fair trade agreements before we talk about increasing subsidy. shery: thank you. matt rosendale, republican candidate in montana. yield surgingar under reports that the boj may be easing monetary policy. that is next. this is bloomberg. ♪ bloomberg. ♪ kevin: this is "blo

matt, what is it you're trying to do? >> well, what we've been trying to do for the last decade or so is a model that involves loaning -- giving small loans to people who are living in poverty. and gary had this incredible insight from having done this for 30 years, and he had this hypothesis that living in these -- being in these communities, he knew people were paying for water and he speculate that had if we could just get people access to a micro loan to connect to an existing infrastructure, they could actually pay that loan back and buy their time back, essentially. so rather than have to spend this time collecting water away from perhaps a paying job, they could actually have a water connection directly to their house. and what actually came to pass was it's something better than we could have hoped. these loans payoff more than 99% and it's just really a success story. >> so, gary, these are micro loans. we've heard a lot about micro credit really since the early days of muhammad and the grommine bank. is it like

. >> matt, come out! matt, come out of the room now! >> reporter: and unknown to them, a loaded ar-15 rifle. >> open the door! sheriff's office! [ gunfire ] >> shots fired, shots fired!

abc's matt gutman tonight. matt, you and i were on the air almost a year ago for that great american eclipse. that was really something, but you're taking in quite a sight in hong kong. >> reporter: that was a treat, but this has been an hour and 40 minutes long of a celestial spectacular treat, and these diehards behind me have been here for every single minute of it. it's called the blood moon because it happens when the sun, the earth and moon perfectly align, and the rays of the sun curve around the earth and only the red rays go through the atmosphere and hit the moon. that's what we have been seeing in these spectacular images from across the globe. in berlin, at the coliseum in rome. it has been a beautiful sight to behold. unfortunately back home in the u.s., we did not get to see the full glory of this eclipse, but rest assured, january 21, 2019, just a few months away, we'll get our next shot at a lunar eclipse, david. >> matt, thank you. >>> and thank you for watching here on a friday night. i'm davi

matt: right. so right now, we are seeing that technology companies' secret algorithms and secret conversations about how to develop these tools are driving how they are used. and we have no idea what these systems look when we open the hood. i think that person is exactly right. we need to have a conversation about the values of transparency, about equality, and about anti-bias. they need to be built into these tools. these are being built by technology companies who may not have the expertise to know what it means to provide officers with dangerous technology that can make or break split-second decisions about really important public safety issues. before we hand our officers technology that can actually harm public safety, we should have a conversation about what is actually happening under the hood. emily: part of the problem is -- as our tech reporter has reported there are still no , standards for law enforcement in place here. this is all very much happening in real time. i guess that said,

what do you say to that, matt? >> i would not be surprised if donald trump starts going after michael cohen. this is not a way to get a pardon, but it might be a way to cut a deal with robert mueller. it seems like that's the direction that lanny davis has decided to go with this. i think once you cross the rubicon there, it's hard to come back. i don't blame donald trump. michael cohen was supposed to be his guy who would take a bullet for his client, and who knows how often he was recording the president, then not the president, but his client, without his knowledge. it's pretty scummy actually what he did. i mean there's a lot of scumminess to go around obviously. >> as friends of cohen as said he feels an obligation to the country. he feels a responsibility to the country. it's popular to say nobody cares about this. you know who does care? trump's opponents. trump's opponents heading into the midterms. i think these kinds of stories really mobilize and energize the resistance. >> yeah, guy petrillo is his atto

matt: whoo! whoo! jen: but that all changed when we bought a house. matt: voilà! jen: matt started turning into his dad. matt: mm. that's some good mulch. ♪ i'm awake. but it was pretty nifty when jen showed me how easy it was to protect our home and auto with progressive. [ wrapper crinkling ] get this butterscotch out of here. progressive can't protect you from becoming your parents. there's quite a bit of work, 'cause this was all -- this was all stapled. but we can protect your home and auto when you bundle with us. but we can protect your home and auto no matter how much you clean, does your house still smell stuffy? that's because your home is filled with soft surfaces that trap odors and release them back into the room. so, try febreze fabric refresher. febreze finds odors trapped in fabrics and cleans them away as it dries. use febreze every time you tidy up to keep your whole house smelling fresh air clean. fabric refresher even works for clothes you want to wear another day. make febreze part of your clean routine for whole home freshness. >>> rescue t

>> down goes matt. thete r just breaks away. >> that's so messed up. >> you guys are [ bleep ]. >> wait. >> they're laughing. >> they're pranking their buddy. >> it's a total prank. >> oh my goodness. >> here's matt's point of view. he was the jumper, his parachute does open and he lands safely. it is the oldest trick in the book. >> in their book. >> it ain't a trick in my >>> this video from brazil is getting a lot of attention online and it's negative attention that some people may find surprising. what you see here are a bunch of kids with the nontoxic paint painting thor. thor, as you can see, is a white horse. >> a real horse. >> a real horse. >> why are they using thor as a canvas, though? >> this is something that will engage the children. these children have autism. and so what they're trying to do is endath the kids so they won't be afraid of the horse and to help them connect with the horse. in the united states there are lots of of programs where they use horses to reach children with autism

abc 7 news reporter matt keller has been live at the scene all morning. what's new, matt? >> hi, alexis. since i saw you about 30 minutes ago, another tow truck has arrived on the scene. now they have three tow trucks, and they'll need all of those to get this trailer uprighted. once they do that, they can start cleaning up and open up the on ramp from northbound 101. the cab is now upright, which is good news. first calls came in just after 10:30 last night. the choop says the semi was cliekly going too fast and overturned. the truck was the only vaek involved in the crash. the driver was not injured. sparks from the trailer scraping against the concrete wall on the ramp went over the side and started a fire in the marsh below. that is out. a big problem, how heavy this truck is and what's inside. >> what's inside the tractor trailer? >> at this time, there's produce consisting of lettuce. >> 80,000 pounds of lettuce in there? >> that's what we're being told. yes, a lot of lettuce. >> a tossed salad. >> a lot of lettuce with no ranch dressing or croutons. >> funny if it w

as get out to reporter matt keller. i couldn't help but notice you are parked next to a coors light truck. how did that happen? >> serendipity, i think. it's friday. that's great news for us out here but really bad news for people who are stuck in the traffic. i got a call from the newsroom and they said, matt, your camera is frozen, nothing is moving. that's because nothing is moving. check it out. the only people we've seen who have moved from this line here have been the people who have turned around and went westbound here on -- i'm sorry went eastbound here on 92. both directions we've seen no cars coming from the other direction as well going eastbound, westbound, everybody is stuck. the first call came in about 4:46 for the semi truck crash versus a vehicle. at one point they had the sig alert issued with both directions shut down. appears that's the case, although they did tell us they had one-way traffic control in place. the tow truck driver was trying to get an escort from the chp to get closer to the scene t