President obama had an informal meeting with part with Vladimir Putin on the sidelines of todays the day of services todays dday observances in french. Hollandes office says there is a possibility of ceasefire talks in ukraine. The question is is it possible . His answer was the ukraine Central Government must explain to the separatists exactly how it intends to devolve power, how it plans to give the separatists more autonomy. Ukraines Central Government must show it and show its will and wisdom. I asked him what he is prepared to do to bring about a ceasefire and he did not answer that question nor did he say what he taught the separatists say to do nor did he what he thought the separatists need to do to get into more substantive peace talks. His answer point out the big problem, it is not an answer that the white house or even france will really appreciate. Hoping president clinton after these discussions is prepared to use his influence on the separatists to try to get them to sit down at the table with the ukrainian government. We heard the president put all of the blame on ukraines Central Government, saying they are the ones that must act. In terms of the likelihood on the back of those kind of comments that there could be substantive talks leading towards the ceasefire in ukraine, i think the likelihood of that is very slim. We began by mentioning president clinton and obama had what was called an informal meeting on the sidelines of dday observances. What can you tell us about their conversation . Their entourages did absolutely everything they could to make load t the state state to launch where president obama and president putin even julie met to make sure they werent sitting next to one each of next to one another. Apartere sitting so far with a couple of queens between them amongst many others. We saw the tension when president clinton and president obama past one another a couple of times. Saw president e obama talking to the queen of england, ignoring the russian president. The we saw president clinton talking to the german chancellor. It was a 15 minute meeting. I think the biggest achievement that was their first facetoface talks since the crisis began in the ukraine. It does open the door for more dialogue. Ryan chilcote joining us live from normandy. The controversy surrounding the trade of five taliban detainees continues. Namo bay many were unaware of the negotiations. Life couldrgdahls have been jeopardize hat word of that trade leak. Senator feinstein in an interview with al hunt did not agree. The president cannot even call you hours or days before hand. Do you think that was because there was a credible threat from the taliban that they would kill him if they werent leaked the if they were leaked. I dont think there was a credible threat but i dont know. I have no information that there was. For more on this conversation lets go to washington and get more from alpena chairwoman feinstein disagrees with the white house about the safety of Sergeant Bergdahls life. In do youns from here expect an investigation . I expect most will expect multiple investigations. Chairman feinstein is very upset. She has been deeply involved in a lot of these issues. She is supportive of the demonstration in general on surveillance matters. The fact she wasnt notified ahead of time, the counterpart in the house mike rogers wasnt notified, this continues to burn to burn up there. We have another clip from senator feinstein about Sergeant Bergdahl and what is next. Lets take a listen. He is an american soldier. Was takent, he hostage. Whether he walked away, a wall awol, the army will figure out. Obsolete an absolute obligation. The one thing i would say is the vice chairman of the joint chiefs made very clear, crystal to have was going justice, the army would do the appropriate investigation, and the fax the facts would come out. Did that play a role in the negotiations . I think it may well have with the white house. The american involvement is and by 2016. What do you do with these guys . Ring them back here and try them, they agree with that. Theres tremendous political pressure not put them anywhere in this country. You dont want to send them back to afghanistan. Difficult question. From the administrations point of view, they got something and they gave up something conditionally. Al hunt joining us from washington. You can check his full interview with Dianne Feinstein tonight at 9 p. M. Washington time right here on bloomberg. And tonight on charlie rose, jay carney for the hour. A week ago president obama accepted carneys resignation. Tonighterview is 8 p. M. Coming up, the employment report from may. We will break down the numbers and find out why there is little indication we would see a sharp rise in hiring this year. U. S. Payrolls were pushed past their prerecession peak. The economy gains traction. Lets bring in michelle girard, the chief u. S. Economist at rbs securities could she joins us from stamford connecticut. Welcome back to bottom line. Note today. A it said the trend in hiring is slightly better than the effort increases that were reported in 2013 and 2012. You did caution there is little indication of a sharp acceleration in hiring this year. Are the fundamentals telling you . We came into the year. Many people came in with high hopes for 2014. This will be the year we gain traction. Capital spending. They are all going to accelerate. We thought we have seen improvement but just gradual. There is an improvement versus the trends the past couple of years. Growing 213,000 per month, which is the year to date trend, it falls short of where we need to be to see the economy step up from the pace it has been growing. Really i think this sets the stage for an upward trajectory. Employment is beyond its peak of 138 points. That was reached in january 2008. Why has it taken so long to get these jobs back . Because the economy has really recovered so gradually from a very deep and very deep downturn. Sharp recessions it has been followed by quick uptakes and recoveries. This was very different. We had a very deep downturn. Of that is why we are talking about broader economy or jobs. Recovery hasr the been gradual. It has taken four years to get back the jobs that were lost in the downturn. Where are the jobs seem the most strength and where and which sectors are continuing to lag . We have seen more strength on the service side and in recent months construction and manufacturing, those cyclical areas that we tend to put a lot of focus on, actually had been improving. I would say in general we are seeing job gains could much across the board. We are firing on all cylinders. The job gains continue to be relatively modest. Speaking with chief u. S. Economist at rbs securities. If the economy is creating more jobs, why does wage growth continue to lag . That is a big question and that goes back to how much slack is in the economy. We are creating 215,000 jobs per month on average. There are obviously not as many people who are entering the workforce to look for work. That is why even with a very modest job growth we are seeing the Unemployment Rate moved down. The question is how much slack is out there. In her defense you heard the chairwoman tell everyone there is considerable slack. She thinks we are not getting the wage growth that we ultimately need to see to get inflation back towards the feds target. That is the real question. I dont think there is as much slack as the fed chairman but it does speak to the fact that we are getting more wage growth. Slack in thel economy. What can janet yellen and her colleagues do to get this jobs picture to and escape philosophy . I have to tell you, i dont think it is a monetary problem. I dont think there is a whole lot the fed can to. If it is afor political problem than we all are in trouble. Exactly. You have the fed trying to compensate. The fed is really being forced to try to do what they can to get things speeded up but i think it is the wrong medicine. Of that ultimately worries me down the road. Ave policies coming times did ben bernanke said he needed a dance partner . What do the may employment numbers mean for growth in this quarter . There has been a real jet thats real disconnect between gdp and payroll. I have to say, i am looking for three percent gdp growth, a rebound in the second quarter. It is weaker than it should be. Overall i think the underlying the underlying trend is 2. 5 . I think that is consistent with the numbers we have seen today. Joining us from stamford connecticut, it is great to see you. Have a great weekend. Coming up, schools are done. Now it is time to look for a job. We will look for job prospects at this years graduates. Bloomberg news Higher Education reporter has been tracking the trends. I almost felt like saying, thank you very much, lets go to Something Else because that is what their job prospects are. You are looking around and you would be very lucky to get a job that is in your field. And that is a paid job. E students and reached and and recent graduates are looking for jobs. It may last 10 or 12 weeks. Itif they are getting a job may not be exactly what they are wanting to do and hoping that Work Experience will lead them to the next job. 22yearold with College Degrees were underemployed. They were taking jobs where they did not need that college degree. Talked about the u. S. Unemployment rate, the numbers for may. What do the employment numbers look like for College Grads . They are doing better than their peers did a few years ago. They are not the type of jobs theyre looking for. There are lots of signs of underemployment. What type of jobs are they getting . Job doing what a hopinge looking for, but it will be consulting, maybetrative assistant that yogurt shop you worked at in college. Graduatesw that many are traveling nontraditional paths to get there field. About a fouryear secondary education and then you are saddled with debt that you cannot pay back on time because your income does not match your degree. They are taking whatever job they can take. If you have a federal loan you can sign up for one of the payment programs where they will work with you to figure out what your loan payment could be based on your Discretionary Income and it may be very low given you have to keep in mind that will extend the life of the loan so youre paying more in interest over time. Of for those that graduated during the worst part of the recession, how are they faring . We had in our story a young woman who graduated from davidson, a great liberal arts, which in North Carolina liberal arts college in North Carolina. Eventually she found a position. It wasnt exactly what she wanted but it was a job that lasted for some time. Jobs overseries of the years that did not take her where she wanted to be. Five years later she could five years later she finished a masters degree and she is close to where she wants to be. Hopefully they are on the path to where they want to be but it is difficult. Speaking of that path you know from the store that young people are getting awfully to a slower start. They are delaying homeownership, delaying getting big ticket items because they basically cannot afford it. Especially if you have student debt. There is a growing economic convergence between those who are making a couple hundred dollar loan payments every month and those that dont have to. Lets take a look at the fullscreen. That tells a story. 65,000, 700, household be. Only 8700 dollars. It make sense if youre putting 800 or however much per month toward the student loan payment. That is Discretionary Income you could be putting somewhere else. The Student Loan Debt is getting a lot of attention in washington. We expect to hear . Next week you will hear Student Loan Debt at least twice. Chatdent obama is having a on tumblr about Student Loan Debt on tuesday. We will hear more about senator elizabeth warrens buildup will allow refinancing for Student Loan Debt. It is getting a lot of discussion in washington. Before i let you go, we should mention some kids are getting jobs in their field. What your major is, what you are pursuing. Chances are you are going to have a better time finding a job in what your field is. She has been tracking the trends on the story, good to talk to you. We are coming up on 26 minutes past the hour. Bloomberg television is on the market. Jonathan ferro is here with the details. Good afternoon. Is called divergent centralbank policy. It is about the fed versus ecb and about perception versus reality. This is the federal reserves spanish sheet. You see it climbing to 4 trillion. There are adding to assets every single month. Compare this to the ecb. See that compare and contrast right there . They borrowed one trillion euros fourth of loans from the ecb. They started giving them back to the ecb. We have a whole set of message set of measures. Pretty much everything is in sync. One was another round of cheap money with conditions. The second was a plan for asset person does asset purchases. The bank will borrow that money and will the plan remain just a plan and will this Balance Sheet continue to contract . Being told about divergent Balance Sheet and divergent centralbank policy, that may not be as emphatic as you may think. A quick look at stocks because we have a busy week and busy day, record high on the s p 500. Record high on the dow jones as well. Their work. Done the jobs is a sweet spot. Back to you. Welcome back to the second halfhour of bottom line on Bloomberg Television. Thank you for staying with us. The check the stop top stories. The suspect charged with killing three wild mountie Canadian Police was arrested unarmed. He had been armed with highpowered long firearms and had been spotted three times on thursday, we eluding the theunt that shut down tranquil city of 16,000 people. Benjamin lost key wants head once heads to roll. Toinsider says he is pushing have the banks cdo and 13 others dismissed. Federal authorities are said to be looking for a 10 billion fine for the alleged violations. Defeatedntonio spurs the miami heat 110 to 95 in the open of the nba finals last night. A broken air conditioning system sent core temperatures soaring into the 80s. The conditions took lebron james out of the game. He suffered leg cramps and sat on the bench wrapped in ice towels. That is a look at the top stories this hour. A day after Mary Jo White took equityo beef up the u. S. Markets the commission announced Enforcement Actions against one of the biggest independent dark pool traders and another against one of the largest trading firms. Peter cook has the details. Was the timing related here . The sec insists the timing was coincidence will but it does touch upon the Market Structure issues that were identified thursday in her speech. The first involves liquid net theh provides services to institutional investors. They have agreed to pay a 200 million fine for failing to keep the dark pool dark enough. 2011 it wouldate allow employees outside of its alternative trading system to access some of the confidential Trading Information on the system, which it then used in marketing to other potential customers. The firm did not admit or deny wrongdoing. The problem was a lack of oversight and tremendous measures are in place to prevent a recurrence. No clients were harmed in the sec does not disputed. Toy jo white is proposing shine even more light on these dark pool operations and forced him to be more transparent going forward. This is an issue we are not going to hear an end of. Involvesther case that securities, what can you tell us . The Los Angeles Based brokerage is accused of violating Market Access rules. The firm is one of the biggest in terms of nasdaq Trading Volume speed from july 2011 until last year, they commissions and fees by failing to adequately Police Thousands of trade and a system even after red flags were raised. It allowed traders tracked access to the u. S. Market without preapproving them and without having control of their risk settings, creating a situation where these traders could engage in illegal trading strategies is part of manipulation and other schemes. Among those accessing the , a latvian trader previously charged by the sec. The commission is going further than charging wedbush. They will determine if the firm will flee violated the law. Peter cook, thank you. Walmarts annual shareholder meetings is in full swing. Join us fromill fayetteville arkansas to find out if god look the lynn if Doug Macmillan 10 it is time for todays latin american report at the start of the world cup is just a week away. In most countries around the world the cup is a highly anticipated and religiously followed event. Bloomberg businessweek has a look at the world cut world cup by the numbers. It is the most viewed sporting event in the world. 2010 world cup in south africa was shown in every territory on earth. 3. 2 billion people watched. That is 46. 4 of the worlds population. More than 30 more million fans have attended world cup matches 34 million fans have attended world cup matches. The salida 20th world cup held in 20 stadiums across brazil created 32 teams will compete in 64 matches. The winning team will take on 35 million. Germany has promised all players a 4007000 dollar bonus for capturing the title. 4007000 dollar bonus for capturing the title. 470,000 bonus for capturing the title. The host country has a good chance to win the cup and it wouldnt be the first time. Brazil has made more appearances at the world cup than any other team. Result has taken home the trophy brazil has taken home the trophy five times. Stay with bloomberg all next week. We will have full coverage of the world cup and show you how Globa