Phil mattingly looks to update u. S. Licensing laws. Moves to reform veteran health care. Theres the wrapup of the General Motors shareholder meeting. What was the takeaway . Thiswas preparing for meeting. I looked over the transcripts of last years meeting and dan ackerson ran the meeting for only an hour. I thought this one was going to take a lot longer. This company is in real trouble with the ignition switch recall. A recalls 14 million vehicles this year. That is 12 times more than the number of vehicles they sold in the same amount of time. Sales have been on a steady rise. Companye clear that the only has a few hurdles to go before it has this issue, if not behind it, but at least dealt with. The messages to clear things that we need to do. Do the right things for those that were harmed. Wem committing to make sure create the right organization, the right process, so that this never happens again. Hurdles thatjor they had to clear our a congressional hearing. They will be grilled after the details of the report and everything that Congress Asked her for last time are turned in. Number two, they have to deal with ken feinberg. The process that he comes up with. He will decide how much these injured or were killed, how much their families are going to get income and compensation. Gm is going to have to go through with that. It has basically agreed to do that. After those goals after those two hurdles have been he cleared, the company can pivot forward to focus on building better products, safer products, and delivering what the customer wants. Quickly beyond the crisis, there are other challenges. More thany has lost 18 billion since 1999. G. M. Has had some of the biggest challenges. They have put their chevy brand in europe and then pulled it back. That has cost a pretty penny. Automakers are beginning to sell more and more cars, including General Motors and its opel brand over in europe. Thank you. Federal Administration Aviation administration has given permission for a drum flight over land. Be allowed to conduct Aerial Surveys of pipelines, roads, and equipment. The first flight by a drone to place on sunday. Last week, the agency said it is considering to giving permission to seven l making companies. An integrity issue with leadership that resulted in a culture of workers covering up long wait times. We are learning more after the release of an internal audit. The Senate Begins debate on a six. Megan hughes is following the story. Good afternoon. Lets start with the fresh numbers we got from the internal audit. 57,000 the headlines, patients have been waiting three months or more for initial doctors appointments. Instructions to manipulate data to show those numbers were smaller. That was occurring at 76 of the a facilities. Of 700 31 audit hospitals. It follows the initial report that focused on the phoenix facility. Some died waiting for care. The da Inspector General told agencyse panel that his is investigating 69 medical facilities. That is up from 42 just two weeks ago. A comes down to accountability of the Senior Leadership at these facilities. Job ormeone loses his gets criminally charged for doing this, it will no longer be a game. That will be the shot heard around the system. A Bipartisan Group of requesting that the Inspector General speed of the time for his final investigation , bring in the fbi. They say they are still working towards an august date to release all of the results. What is congress doing to try to fix this . There is bipartisan support for some action. There are a lot of moving pieces. On the senate side, we are waiting on the debate this week. That was between mccain and bernie sanders. A two Year Pilot Program to allow veterans to be reimbursed for private care. It would also approve the v. A. Of hiring more doctors. It makes it easier for them to fire senior ba health officials. That comes at a price tag of around 2 billion. On the house side, they have released a similar bill. Are in motion. You can expect some kind of bipartisan action. Megan hughes joining us from washington. Thank you. U. S. And iranian officials are holding annexed around in efforts to salvage talks on the nuclear program. What do we know about todays meetings . This is the second day of talks between the u. S. And iran. What u. S. Officials have told us is an effort to gauge the true willingness to make concessions. They want to lift all sanctions and to constrain nuclear program. When they had the meetings, very wide gaps remained. Two men were engaged in secret negotiations with iran last fall that led to the deal. Said thereign minister talks have hit a wall and he says that the community believed iran should have hundreds of centrifuges while the iranians insist they want thousands. We are not even in the same ballpark. It comes down to irans ability to make a nuclear weapons. What the International Community wants to do is to constrain the enriched uranium they are able to produce and stockpile. To aso comes down plutonium reprocessing facility and the ability to try to repurpose that so it cannot produce plutonium and what is known as possible military dimensions of the program. They want iran to come clean on the work it has done in the past. There is a possibility of making the july 20 deadline, but there are Serious Problems at the moment. The iranians say they are meeting separately with the russians and again on thursday. Is this an attempt to divide the International Coalition . Probably not. Even though the ukraine has put a wet the ukraine crisis has put a wedge between russia and others, russia has toed the line and main remained on the same page with the rest of the negotiators. This seems to be a sort of fullcourt press to try to get working all forces to see if theyre going to make any concession. Members of congress, what do they think about the push to get a deal done by july 20. There is a lot of skepticism. This is one issue that has bipartisan support. Both sides want to keep tough sanctions on iran for as long as possible. They were encouraging the administration to not go for any old deal by july 20 and if it is not good, stand firm for a good deal. To 5 milliong up a month in lost oil revenue at this mom at this moment. Thank you so much. Coming up, Hillary Clinton kicks off her book tour. We will take a closer look at what she has to say about the choices and the challenges she u. S. Secretaryth of state. That story when we continue in a moment. Tonight on charlie rose, a roundtable discussion on Hillary Clintons new memoir. That is tonight at 8 00 p. M. New york time on bloomberg. We are taking a closer look at her new book. John is a contributing editor and senior policy adviser. He joins me from washington. Welcome. Thank you for your time. Great to be here. A lot of things to talk about. Lets talk about benghazi. The attack on the u. S. Compound in libya left for americans dead. Americans dead. Clinton writes the following it is unlikely there will be anything close to full agreement on anything that happened that night or why it happened, but that should not be confused with a lack of effort to discover the truth or shared with the american people. Do you think the effort is going to be forthcoming during congressional hearings . The effort will be forthcoming. I cannot say they will get all of the answers they hope to have or should have. There is no question the white house withheld information, documentation. Mrs. Clintons appearance before committees, particularly in the senate was controversial and aggressive. It put her in a harsh light. Parts of the book are an attempt to deal with that. Him preparation probably in preparation for a president ial campaign. Controversial from the start. First there was the release of information that turned out not to be inaccurate or, according to some, not to be true. How do you reframe this after it has been debated for the past two years . Cannot possibly get all the answers. There is always going to be disagreement. In effect, lets move on political he politically. Congress is not ready to that. The families of those killed are not prepared to do that. We will have a discussion and debate about embassy security, military for paradise and response for this type of attack. Of course, about the talking points and the discussion points were politicized after the fact. Those are important issues. I do not think two years after that they will be defining the president ial campaign. Mrs. Clinton writes in every discussion about prisoners, we demanded the release of Army Sergeant bowe bergdahl. Not betinued there would any agreement without prisoners without the sergeant coming home. How will mrs. Clinton answer criticism that the cost to bring Sergeant Bergdahl was just too hi. She will have to answer those questions. She makes about prisoner swaps being an item of discussion is not news at all. Everyone understands that during bergdahls captivity there were discussions on and off about some kind of an exchange. That is not really with his what is at issue here. What were the longterm security applications of that release . That the president violated extensive existing u. S. Laws by not informing congress. And a more basic level, informed dozens of members of the administration without notifying a single democrat or republican in congress. She writes about a lingering regret from her time in senate and that was her vote to iraq war. The she thought she made the best decision with the information she had, but she still got it wrong. How do you think the American Public will react to that . I do not think the american , is goingt this stage to be moved one way or another. In fact, thats part of the book is just an attempt to put this issue behind her. She has admitted that she believes the vote was a mistake. In preparation for a campaign, she wants to put herself in a position where she can say she has dealt with that, she has addressed it, it was a mistake, lets talk about another issue. We have about 30 seconds left. Several States Holding primaries. What should we be looking for . Think there are any key elections today. On the gop side, republican strong mainstream conservative candidates have done well. Tea Party Candidates much less well. This is it the only state where there is an insurgent, or a tea party driven candidate, has a real opportunity. Republican and have a good chance of picking up seats in the house. It is more likely than not that republicans take back the United StatesSenate Control as well. Thank you. Next, and on the markets update. Warren joins us from capitol hill tomorrow to discuss legislation dealing with student loan refinancing. That is coming up at the bottom of the hour. The fight between pandora and the companies that collect money for writers has spilled into congress. Phil mattingly joins me. This has been an ongoing battle in the courts. Washington is getting involved and changes on the way . To say major changes are probably not coming. Bipartisanoad agreement that the Current System puts just about everyone at a disadvantage. Listen to what Bob Goodlatte said at a hearing today. To be ables who want to easily access their favorite songs any time on all of their digital devices face a Legal Framework written for the world of a vinyl albums and eight track tapes. Pandora has had several Court Battles with organizations like broadcast music inc. They provide a mechanism for Legal Protection and royalty collections for hundreds of thousands of songwriters. Their contention is that pandora does not pay fair royalty rates. At issue leverage. Or the lack thereof. These groups say they have no leverage to negotiate when it comes to pandora. Department took this debate up last week with its own decision to get involved. What might happen there . These groups fighting with thatra are under decrees date back to 1941. That guides how well see rates are set. And held the upper hand because of those decrees. A Justice Department will review those. If updates were major changes come into play, that could have a major influence on leverage. Where does pandora set with all of this . They believe these decrees are necessary and a play an Important Role, particularly in the way courts are required to step in and rule. Pandora has its own distinct royalty disadvantage. A. M. And fm radio pay nothing to the rds to the artists. Phil mattingly, thank you. Bloomberg is on the markets their julie hyman is standing by. In the trading action, we have not seen a big move. And nasdaq were down. Now they are down less than 1 10 of 1 . Very Little Movement after the records we have seen in recent days. We are seeing more movement on an individual basis. Green mountain got a jolt in trading after a partnership with subway. Put out ing to subway is going to put thousands of singleserve brewers in their restaurants. That may help put customers in the door for breakfast. We will have more in about 30 minutes. You will get more bottom line next. Welcome back to the second halfhour of bloomberg. Online ergo im ark crumpton. We turn our focus to two Business Development companies. A private equity firm is sponsoring its Second Annual trends conference at the nasdaq today. Of mympanies are part gladlys overall strategy to the first choice advisory to the middle market. Joe adams is the managing partner. Lcome back to hot online how do Business Development companies change or adapt to the Global Economic pressures that happened felt since the recession . They certainly get a lot coming at them. One of the big concerns is the Regulatory Environment and trying to work through that old stop stock prices have been a little depressed and there are people looking for opportunities. They play a very Important Role in the middle markets and provide alternative financing opportunities where they may not be able to get funding from a commercial bank. The Business Development companies play a nice role for. Ur mill market some of the trends you and your colleagues are seeing, what are you seeing on the horizon . Lex it is the scrutiny of the thatators looking at companies and the fcc, which they certainly have to comply with. We are helping them out with the needs and anticipating them so they can be ready for them. How has it affected the ability of banks to penetrate the middle market . Yourhas that meant for strategy as an advisor to middle Market Companies . It has been a good thing for us. Weve always focused on the middle market and dealing with entrepreneurs is different. It extends to our private equity practice, so when you look at the full gamut, it is what stage is the company in and how do we help the financing needs they have based on what stage they are in in development. How do you do that . By getting to know the business developers, the Venture Capital hedge funds and traditional financing as well. It seems like what you are saying is almost a boots on the ground, saying this is old school where you need to get a sense of not only what they want, but as an advisor, where best to skew that. We work with a number of industries, so depending on the business the client is in, we need to understand what their industry is facing and how to we help them understand what alternatives are out there for us. Traditional bank lending is still tight. Is it an opportunity for nontraditional players . Wax i would say traditional back tradition Traditional Bank lending has opened up a bit. Just like what you are seeing in company to company acquisitions, theres money sitting on the sidelines. They are also watching credit all of these closely because they are being regulated and need to be careful who they are regulating to. Company thatlp a might need it. Is it still sitting there because of the Regulatory Environment . Its more economic related, more about the economy. There is certainly regulatory, theres the Affordable Care act a lot of his misses are trying a position on and understand how thats going to affect their business. Taxes continue to increase and taxes are owned by the individual. They have that impacting them and they play a part. Evolve,s start to theres a general optimism in the market. Given the time, as time passes, you will see a lot more investment. To wrape going to have early because of feature guests and so forth today. Thank you for joining us. A pleasure to see you. After president obama moved to dz student loan burden, the u. S. Senate takes up the bill that would go further. It alicans are calling political stunt. The main sponsor is massachusetts senator elizabeth moran. She is live at capitol hill with peter cook. Im joined by senator war in to talk about the student loan issue. Thank you for your time. The president moved yesterday to make it easier for student borrowers to deal with the crushing debt burden you have been talking about stop why is it necessary for congress to go even further . Did two thingst yesterday. He expanded by a few million borrowers the numbers who would be eligible for income based he promisedans and we would do some renegotiation on the servicing of the loan. But weve got 40 Million People out there who owes Student Loans. Some of them are at six percent of eight percent or higher. Weve got private Student Loans and public Student Loans. The bill in the United States senate is to bring those 3. 86 forates down undergraduate loans. The same numbers the republicans voted on last summer. For owns, we are going to do it to the old loans also. You would ask taxpayers, wealthy taxpayers to foot part of this bill going forward. Thats something republicans say will never fly. Youve tried to buck the rule in the past. They say you dont have the votes. This is about economics. Since the last time we had a chance to talk about this, the federal reserve, the Treasury Department and the Consumer FinancialProtection Bureau have all sounded the alarm. Student loan debt is not only hurting individual students, its tracking down the entire economy. Buy homes,e cannot cannot start small businesses, theyre not buying cars, they are not doing the economic things to get this economy growing. That makes this an emergency situation. Is to say thee United States taxpayer can do one of two things with a lot of money here. Either it can continue to invest in the millionaires and billionaires special loopholes that drive their tax rates down the secretaries below that of most middleclass families, or we can take exactly that same money and use it to bring down the Interest Rates on outstanding Student Loans. I have not heard any republican thinkn why it is they taxpayers should be investing in billionaires who have already made it rather than students who are just trying to get a start. Say you have been open to some other way to pay for this all stop is there another conversation happening . We have said if you dont like this, come to us. You cannot negotiate with yourself. Ive been on the floor of the United States senate, ive set up publicly everywhere i can. If you have another idea, bring it forward. Weve got to find a way to bring the Interest Rates down. Up to thet ease student loan program. We will just be ringing some of the profits out of it. Weve just heard from some of thatrepublican colleagues this is a political stunt. This is not electionyear politics. Tot this is about is trying give young people a real chance to get ahead. This is giving them a chance to build their economic futures instead of forcing them to have to finance the tax rakes that go only to millionaires and billionaires will stop this is about economics and values. Who does this place work for question mark are they going to hire lobbyists who can keep the tax breaks open or does work for regular american families, people who try to get an education and try to build a future . Do you have 60 votes to move this along . Im working on it and am going to keep or king on it because at the end of the day, everyone has to be able to explain to the people they represent who they pick. They need to explain to the people they represent and if they pick students, they pick students, need to be able to go home and say im investing in your future. I know you have to go vote on some fed nominees, but i want to sneak in little politics. Hillary clinton is making a big splash will stop you both have books out but hers is out today. Are you planning to read her book and are you anymore convinced she will be your candidate questionnaire i am looking forward to reading her book. What about the prospect of her running for president . Im looking forward to reading her book and im interested in hearing on what she has to say. Im concerned about whats happening in 2014. Are ready to have a vote that potentially could affect 40 million americans. This is an important vote we are about to take. We have two when it not for political reasons. We have to win it because its the right thing to do to build a future for young people that are just getting started. We dont want to drag them down on this debt. We are going to make it a little easier for them to build something going forward. Senator warner, thank you for your time. Having to race to the floor now for some vote on fed nominees. Elizabethook and moran, thank you so much. Still to come, we go behind the scenes for look at security preparations for soccers world cup. Details on the elaborate precautions one firm is taking to protect 6000 clients coming to present old to watch the game coming to brazil to watch the games. It is time for todays latin america report. Last year, there were over 37,000 muggings in rio. Overnwide, there were 50,000 murders. Add to that a daily express of kidnappings and gang violence, and you start to understand why brazil is known as one of the most dangerous countries in the world. Be ang safe is going to big concern for anyone traveling to the world cup soccer tournament. For some, it means big business. Erik schatzker was embedded with one of the top private security firms in brazil and he gives you an inside look at the price of personal protection as we continue our special series, the road to rio. Here in brazil, theres no valuing human life. Gun you down if you resist and the lease. With no remorse, they will do it smiling. Macthe president of afi latin america. This is my security team. We know we are going to have demonstrations. Its how big and how violent they are. This could be a security nightmare for some of us. For others like me, its a challenge. This is nothing but a Security Guard in a suit and tie. We are not that. Theres more training going into it. Out here working our top professionals in their field and they work to make sure we understand how the criminal element operates so we can get better at protecting our people. We are just looking for anything that may be out of the normal that we may need to be aware of. See that a van pulling up . They may be curious when they see this type of configuration, if he tried to cut us off least bey is to at moving this speed. Constantly in motion. It is very common to have a blockade put in front of you to get you to stop. Assailants come out all of a sudden. When it is real, turn the wheel. And we get out of the potential situation. To avoid being stock or being locked in, we are taking a helicopter out and we will take him to the next site. If you fail in this arena, it could cost your life. Only protecting our clients and their families and their assets, it could cost our lives as well. Bloomberg all this week. We will have full coverage of the world cup. Well bring you reports through out the week as the world makes its way down the road to rio. We will be back with more bottom line after a quick rate. After a quick break. Bloomberg sports now its official, the new york minute hire derek fisher as their coach. With phil jackson turning to one of his most trustworthy players after finishing his 18th season, fisher was chosen to replace mike woodson who jackson fired after the season and his first major move as team president. Fischer won five championships laying for jackson with the los angeles lakers. The Los Angeles Kings are one win away from capturing their second stanley cup in three years. They beat the new york rangers last night three to nothing here in new york. Making 32 saves in the shutout. The rangers face possible elimination at home wednesday night in game four and that is bloomberg sports. Another check of Market Movers on the other side of the break. That is the latest for bottom line on this tuesday. Im mark crumpton. Thank you for joining us. On the market is next. I will see you tomorrow. Is 56 past the hour, that means Bloomberg Television is on the markets. But take a look at where stocks are trading right now. Best time we took a check half an hour ago, things were very little change and remain that way coming off of seven of the past eight sessions. Lets also take a look at commodities. Weve seen tensions abating to some degree between russia and ukraine. But just like stocks, it is little change. As for natural gas for we are getting into the warm weather season. Not necessarily good news for natural gas demand all stop sticking with energy, Warren Buffett says hes ready to double his bet on renewable energy. Taking a look at what the advice of that clean air administer can mean. Weve seen a lot of investment in it. He says another 15 billion is ready to go. For a brief overview of what he has here, the natural gas andline, electric utilities wind and solar farms across the country, he says that unit could reinvest about 30 billion in the next decade. Lit in thes community because big oil like chevron does not seem to be on board, selling off at least a portion of its clean energy subsidiary. They have pulled out of the utility to invest, saying there is not any funding available. Betweenof a weird split what the company is doing and what Warren Buffett is saying. You are going to the Goldman SachsEnergy Summit tomorrow. Going to be a big talk their . Im so excited that i get to geek out all day with energy geeks. It knowing to be about the changes to the co2 emissions proposed a few weeks ago. About 25 chs assumes of coal generation will retire due to changes in environmental rules. That is ready substantial. Renewableso says will continue to be able to ramp up over the next 11 years as standards become different statebystate. Interestingg to be is the differential between the supply side and demand side. We might have a lot of oil and energy, but is there a demand for it . We may have a lot of natural gas, but where are the refueling talking about the distinction between the two will be a huge topic. Who will you be talking to . One of the highlights is airy cone from Goldman Sachs about the investment in the energy space. We are producing a Million Barrels a day, but they cant get to it. Estimates 21 billion could be spent on Infrastructure Investment to solve that problem. A huge amount of money and you could add about a million jobs in almost one percent growth to gdp a year. Just breaking down how that happens and how we get to those big figures and who will be some of the investors. Alix steel at the Goldman Sachs north american Energy Summit tomorrow. Shes a little bit excited. Im a commodity geek who gets to geek out. Street smart is next. Weve got stocks swinging lower. The s p 500 is down only two points. Im trish regan. Street smart starts now. Welcome, everyone, to the most important hour of the session. Today on street smart, donald reversesresources worse, saying he does not support the sale of the clippers. I