Crime. Bernie sanders has endorsed Hillary Clinton for president. The two former rivals appeared together in New Hampshire today. Theresa may has less than two days to build a team to rescue the u. K. From its worst little political crisis in more than a decade. She replaces David Cameron as Prime Minister tomorrow. China is calling a landmark ruling on the South China Sea null and void. The hague has ruled china has no rights to the resources within its borders. China claims territorial rights two more they can 80 of the South China Sea. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Coming up amazon prime day a , couple of hiccups right back memories of last years online reviews. Did the ecommerce giant deliver on the muchheight global sales bonanza . Plus google underwater . Linking organ to japan. It is not the only major cloud player looking to the seabed f
Rights to the resources within its borders. China claims territorial rights to 80 of the south china sea. Global news 24 hours a day powered by 2600 analysts and more than 100 20 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Amazon prime day a couple of hiccups right back memories of last years online reviews. Can they deliver on their global sales bonanza . Plus google underwater . Its not the only player looking to the seabed for faster service. We will dig deeper into the subsea cable industry. And the u. K. Unplugged . Writtens decision to checkout of the eu stokes fears of a major tech exodus . We will ask oracle ceo mark hurd for a fiction. First to our lead amazon prime lead. New numbers on the lack of success on amazon prime day. Sales were similar to last year. Sales in u. K. Are up 12 . Shares of the everything stored shares of the everything stored dipped earlier in the day on reports of lackluster numbers. The Second Annual oneday sale event
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no
Will have the looming brexit vote on the hill, and other events to influence the outcome of where the major averages head from here. And steve weiss, the stocks had started to sell off a little bit into the program, and what are you making it, amid the bullard comments that it is a full capitulation . Yes, the second capitulation that we have had, and first yellen came out and had the press conference, and before in the fed note that came out with the meeting basically said, hold on. We are not ready. The economy is weakening and that put the market back on its heels after the jobs number of course that we saw. All bets are off. What is stark is that there is no playbook for anything that is happening. We have had jer areman 10year bunds at zero, and now back to two basis points, and the brexit is hanging over everything. So, as i said, no playbook, and no way to hedge the brexit whatsoever, because it is a true binary event, and if you are going to be taking the risk off and go negati
Struggle for a better evolves criminaljustice system. Reading this book made me a better person. Thanks so much. I appreciate that. And with the insights into the book are amazing i appreciate the interview thanks for checking out my book teeseven booktv on cspan2 relate to go to College Campuses to talk with professors who were authors and today were on campus at Claremont College joined by a a professor of the book understanding Clarence Thomas professor in your view would is the biggest misconception about Clarence Thomas . It would be that somehow he was a shoeshine boy a that was put after his confirmation he is his own man i had a chance to do the jurisprudence of Canton Scalia and i admires him enormously and in fact, they have asked me to do the after word for the book with the paperback edition so i am going through information since the book was published the having done the book on thomas was easier and more profound a more consistent and he is a giant he is not as glib or w