Hill shire thought they would buy pinnacle and get into frozen foods and get bigger. A couple weeks later, theyre going to be involved in tyson. A heated hitting were. Bidding war. Have the stronger balance sheet, but they had the stronger will. They did not really chase this is this. Sara lee was part of one big company. They almost bought it been a couple years ago. They have been lusting for the brand for many years. On had a Bad Reputation not a Bad Reputation, but it would back away from meals at the last second. This time, they went through and went a couple of dollars higher than the rival. The next thing will be a formality. Hill shire has to get out of the pinnacle deal. Acquired. Ll not be 163 million termination fee. They will get paid by hilla shire for the deal not getting done. We do not think there are great candidates to buy hill shire. I think they go on doing what theyre trying to do. They are for sale and are on the block if someone wants to take a look. What happens to the company putting up its for sale . It often hurts the company and at the executive level, when you know youre working for a company so clearly on the block. That alld have known along. Your owned by private equity fund. The case of this one wanted, no it. Are steamrolling and speeding toward the 1 trillion month for just this quarter. We have not hit that since 2007. We are heading there right now. Deftly on fire. Thank you for joining me. Today, apple shares will likely drop below 100, a price we have not in nearly seven years. The fourth split in the companys history. The move is intended to open up apple stock to a wider range of investors. Jonathan has been watching this closely. What exactly happened to apple shares . He want the stock, i will take that and give you seven back there nothing really changes area you get the stock adjusted price. You get a record high adjusted for the stock. Here is what it does not do. It does not change the market cap. It is a technical thing. Now because het wants to make it available to investors. Inclusion of the dow. 500 a share. Below 100 this is not a given. It could take one year or two years. A major obstacle to let that happen. Doesnt not make it more investors . For retail if you see a stock, maybe it is a little more affordable. It certainly makes a difference. I thought people were smarter but the psychology still exist. It is a big share buyback. Thank you. Moving and shaking this morning, just motors ceo elon musk launched a righthand driver model of the model s. His hope is around the new market. The u. K. Is likely to be one of our stronger markets. If you get a car now, you only see it in four months. We are putting money into infrastructure. The infrastructure will roll out is quite significant. We will have much more from him a little later in the program. Also, Hillary Clinton. Will she or will she not . Answerl not likely whether she is running for president in the end of this year. Phil mattingly has been watching all of this. Anythingtour, is it more than a campaign . It is not. She has not announced her intention to run for president. The way the rollout occurred, the book has not even come out yet and we have seen excerpts leaked, big news items leaked, primetime set tonight and then she rolls to a fullblown tour, hitting a dozen cities. The big question is, is she going to run. The bigger question is, how many ways will she try to dodge that question. Take a look at the preview of the interview yesterday. I want to get through this year and help in the midterm elections in the fall and then take a deep breath and go through my plus and minus. No nearterm answer. She is going to help out with midterm elections for democrats. That is important and it is a sign. Her operation is sending out. Oney and that means something it does. Sit backns will not quietly and let the clintons take the stage. What are they doing . The Republican Opposition rollout has almost equaled it. The Republican National committee has released a briefing book on the areas where they feel she failed on her state term. An outside super pack also released its own ebook, 100 plus areas where they think she has failed. There is a lot of concern Hillary Clinton has been given a free pass to set her message on what she did. They will try to undercut and undermine that anyway they can. When she decides to pull the outside she has several groups ready to spring into action. That is right. One of the most fascinating things going on in the last couple of months are these groups that of sprung up around her. Activity. Actual talking about a super pack that has been formed. Also correct the record, a Research Firm supposed to push back on republican talking points. She has former clinton aides tightly wound into the organization. They are ready to spring into action. There will be a ready for hillary buss following her to each and every stop. A key thing to keep in mind, it may look weird but every stop they are going to, based they collect information. All of that will turn into a campaign. Thank you. I am looking forward to reading the book. Coming up, we talked to the former u. S. Attorney general about the state of the nsa. It has been a year since Edward Snowden became a household name. Has anything changed in the year . And, is brazil ready for the world cup . We kick off our series of indepth reports in the face of riots and economic strife. It has not been an easy terrain for some of the worlds biggest market. Stay in the loop. One year ago today Edward Snowden became a wanted man and a household name. Documents d kit detailing american secrets were released. He remains in russia and many of the programs he revealed remain in place. Peter cook has much more on this. The fallout since snow sn owden continues. A lot has happened in the interim period. Edward snowden has sparked an international debate. He has put the United States on the defensive in that debate. He also triggered changes in washington proposals from the Obama Administration and from congress to change how the nsa does business. That is a work in progress right now. The Business Impact as well. Companies say they have been overed by the debate american surveillance programs. Hurt their business overseas. It has created a much more adversarial relationship for u. S. Countries. There are also proposals to change surveillance programs. Just proposals right now. No actions. That is right. There has not been concrete change so far but that could change in the next few weeks. Movinge the president forward in january. The big idea there being the and to bulk collection. No longer with the government collect all those phone records. Instead, he wants the phone companies to hold onto the phone records and let the government search them under court order after the fact. That is where congress is headed right now. There are problems surfacing in the senate. One of the problems is the phone companies do not want this the responsibilities. Is, they do not all say the same thing. Not only may should may be in a format readily usable by the government. Then there is the severity civil liberty issues. Some of the Tech Companies say. T is too broad they do not think it is good enough and that is where the tension is on capitol hill. Class you mentioned Tech Companies. Business impact . China looking at the use of ibm servers that chinese. The Tech Companies say a real impact on their bottom line, and there have been estimates, by 2016, that is what estimate. Some say it could be as much as 180 billion dollars. Were talking about real money here. You can see why were so concerned about the federal government right now and the relationship going over. Class thank you. Joining us now, the former united days attorney general and clinton partner. Issues incritical domestic and international law, including government surveillance. Great to see you this morning. Peter just outlined some of the issues that of, in the years since Edward Snowden and came out there it what have been some of the finer points that have been came out. What are some of the finer points that have come out. Collecting content on americans at all in this room. It has collected metadata domestically, which is the date, time, and number, so they can go back. If they get a suspicious number and find out whether that number has been called by any number in the state. If they get a hit on that, they go a terrorist they can focus in on the number and if there is enough probable cause, they can get a search warrant to listen in. They do not get the content from day one and that is in a big misconception here that a lot of evil, including snowden, for sure, and people who are apologists for him as well as a politicians. As is only, we know it essentially, timestamps being collected and not actual content . What i say is it is up to the people clinging to the content to prove it. I worked with those programs and i know the people involved. I am telling you there is no content. You do not have to take my word for it. You can take the word of every nsa director and cia director involved in these programs. This is a military program and not in the hands of politicians. There have been changes proposed in the house. Are you for the changes . Do you think there should be restrictions . Last i am not for restrictions. I think the changes are helpful. Before, we were not getting cell phone information of that kind because the government was afraid and a private companies were afraid that if they closed the metadata. Get the cell phones. On the new program, the government goes back to get it and they can get cell phone information as well. To that extent, it is an improvement. Keeping it in the hands of ride it companies, they can be held in different ways, plus the private companies themselves do not like the idea of being responsible. Consumers toy for know private Companies Hold that much. Theyre holding that information because that makes up your phone bill. On the done based time you used. They have had that information since they won. That is not a mystery. The notion that somehow, someone 350the spare time to track million Peoples Telephone calls is ridiculous. That is the information that allows us to look out the country and we have no other way other than your luck or if we get the help of foreign partners. Foreign partners do not trust us anymore. Theyre saying it you cannot keep your own secrets, you cannot keep ours. It is hard to get their cooperation. Thank you for joining us. The former u. S. Attorney general. Still ahead, winning the world countrys dream. Hosting it may turn out to be the worst nightmare. We will have more details straight ahead. You are watching in the loop does quote live. Morning. I am betty liu. 27 people were killed in a gunfight in pakistan airport. Security forces killed 10,000 fighters who carried out a latenight attack. Airport airport of airport employees were killed in the attack. The economy grew faster than estimated in the first order. 6. 7 . Rose most economies 5. 9 . Increasednvestment more than originally expected. An increase of 10 according to the company. Surgedt of coffee has more than 55 this year. The worst drought in five decades or lost. A cup of joe will be more its as if. It is 26 minutes past the hour. Lumbar televisions on the market. Matt miller has more. Class it is time for futures and oh. We are also talking about coffee. The price of coffee futures surged earlier this year. Last year, they entered the ball market at 20 . We will look at why coffee futures are living off. At senior commodity broker rj obrien and associates there that start with you. Think about the bear market we entered a week ago . Yes. All of this is because the consensus is that the drought had done a look less damage than brazil. Brazil produced about one third and one half of the world passes are a key growing company. Theyre coming up for a hard this year in june or the and is is they should bear 47 million per bag. Last month, 4245. We are getting a little more than a vested. Ofare at a support level 170. We bounce off there several times in the past three or or weeks. Or fourreak weeks. We should break through their. Trade on coffee, do you sell coffee futures at 170ive enclosed a trade at 160 . That is a prophet of the scene dollars or hundred or hundred pounds. Cost 500 pounds each. That is what a contract is. The total profit is 5,600. 5. Why we have seen the bear market in coffee. People are not drinking less coffee. The definition of a bear market is arbitrary, as ashley in this case, when you have prices above 14 above a moving day average. We still have not taken out the 160 and 170 lotort level from back in in march. We do know what options traders are looking at is still relatively high and we realize volatility is still relatively high. Traders are focused on the indecision about the effective that in the future. There are two in areas that will play out it is not as bad. The drought is not as bad as players may have thought previously. Absolutely. That is what a lot of speculators into the market, the level of speculation, the amount of speculators is still long in the market. The true scenario you can look at his were basically going into some type of a range here or if we break lower, than we are really in the bear market. In a bearreally market at least as far as the traditional measurement of 20 . What are the chances going i think they are quite high. We are seeing a bit of a tale as you talked about. Tosumption is expected increase about two percent this year. I think the pending stockpiles we had from previous years, along with the better than expected crop we will see because of the late harvest rain, it is a high probability that it occurs. We often hear the term, soft commodity. What is the difference between soft money and hard commodity question mark commodity . I have always wondered because oil seems fairly soft as well. Greg bender there from bloomberg trade book. Thank you very much. We are on the markets again in 30 minutes. Yes. They have had seven years to get ready and spent more than 10 billion preparing for the biggest sporting event in the world. Kickoff to the world cup is just days away. Brazil is still not ready. The question on everyones mind is why . We traveled to brazil to get a firsthand look at what is going on. Lets say youre going to brazil for the world cup. Here is what you will see as soon as you step off the plane. Expect traffic on your way to the game. Get there, ally hardhat might come in handy. Take the 365 million stadium. Get itbeen a scramble to finished in time for the opening kickoff on june 12. With just weeks to go, entire sections had no seats and much of the roof was not installed. Outside, this was supposed to be a huge parking lot designed to hold dozens of buses. They were barely able to accommodate a half size crowd. What happens when they try to pack and twice as many people. It could be a security nightmare. Some of the challenges of stadiums, the parking around the we will behere is it able to go or not . It is an uphill battle for all of us who have a responsibility to protect these folks. Cup is the biggest sporting event on the planet. Why is brazil not ready . No planning. Why should we for the world cup . Comp the country is in a difficult situation. 2. 6 billion were spent to build the model stadiums in 12 cities. Only three were delivered on time. Federal and State Government marks 14 billion to improve the ,orinth Core Infrastructure only to encounter more delays. In the terminal overcrowded airport will not be completed until after the world cup is over. The airport renovation is months behind schedule. In the overcrowded airport willeven ra mecca, did little to fix the that lead to epic traffic jams. North in the amazon, there is a city closer to being ready for soccer fans, a jungle boomtown. Here we are, three weeks from the beginning of the world cup. How much work do you have left . He will host one of the biggest matches in the world cup, english england versus italy, on june 14. Everyone knows this is important to us, for everyone in brazil. We are a poor city and we need to have we are able 100,000 people, that we manage great offense. We do trust in our future. That is what is really at stake. Not whether they will come for the world cup, but whether they will come back. Eric schacter is all decked out for the continuing story on brazil. Great to see you this morning. Im ready. It is hard when you go to brazil not to get swept up with the fervor of the national team. At has been pointed out to me several times, i have proved to have divided loyalties. This looks suspiciously like argentina. Look at you. And spears the theories. I take it you got that at the nike store in rio. I did. There is a nike store dedicated to real only. Whati is the most surprising thing you saw . The most surprising thing is the enormous gaps in development. The arena, the stadium, as we showed people there, acres of undeveloped earth just weeks before the world cup kicks off and then you travel to the amazon to a city you would think cannot possibly get its act together for the world cup and yet they are pretty much ready. Why is the zone not already to go . And ask the question. We spent nine days trying to answer it. Wordld have to say, one probably comes closest corruption. Everyone knows brazil is a corrupt country. Tales of corruption are unbelievable. You talk to Business People and the anecdotes they share with you about the conversations they had to have with politicians about getting permits and licenses and being able to operate in the country, are shocking and hard to believe. It is very difficult to quantify, but when you talk to government officials about why certain things are not done, you get a song and dance answer about how, we are a latin american country, things do not move that quickly. Nonsense. They had seven years to get ready. Some things, if you put them in the hands of private industry, do get done quickly. I would put them in terminal three. It is not totally ready for the world cup, but it was built in 14 months. That is extraordinary if you look at thisscale. That is a private concession. Government hands, the case for the world cup, all of the funding came from the state and federal government. And it gets a lot more complicated. Is it likely they will get it done before thursday . People will be able to go the stadiums and see the games, and getting into the stadiums will be hard. When you actually get there, things like signage may not be c