Tillie hyman has the breakdown julie hyman has the breakdown. Are proposing with that 20 billion offer is that the cash component will be increased. They are trying to reduce the complexity and increase the attractiveness. The cash will go up by 1. 2 billion euros to 8. 2 billion euros. Siemens is still offering to buy the gas turbine business. Remember, they have a third partner. Theres still that level of complexity. Mitsubishi is going to hold the in a singles Holding Company rather than a trio. That is one thing that it is attempting to do. Ge came out and said that our cash component is still higher than yours. Not giving exact details. Ges offer value of remains below that. So, there is that layer of complexity. There is definitely battles her e. The stakes are high. What are people saying outside of this . It is a really tight situation here. The stakes are high and that is illustrated by the fact that jeff then melt is going to paris to meet with Francoise Hollande again. The ceo of siemens will also meet with hollande. One analyst is saying that if g1 deal,al, ge won the that would put them head and shoulders above their competit ors, which siemens does not want. Ge is also trying to make its case by offering to sell off some of its rail signaling business and create a stronger rail company at alstom. So, it has been difficult to get any clear idea of who has an edge in the situation. In part, because not only do have alstom and its shareholders, you have the french government involved as well. The french government, some of the ministers have said they are happy they got involved. Laying a little hard to get. Julie, thank you. Moving and shaking this hour, California Republican congressman ken mccarthy he has just been elected House Majority leader. He will succeed area can tour. Cantor lost his primary race in virginia last week. Mccarthy is from bakersfield. A farming town in californias valley. He has gotten more money from the Tech Industry than any other republican. That is unlikely to quiet the criticism from the tea Party Faction, which believes the leadership is too tied to business and the mccarthy is no different from eric cantor. Another political shakeup is happening, this time in a garage. Politicians are keeping their bmws at home and driving down main street in fords, chevys, to protect against charges of elitism. Im joined by our Bloomberg News car enthusiast, matt miller. You have seen this trend on the streets. Yeah. You see politicians normally driving a certain kind of car or truck. They are generally american cars only. There are some exceptions, but few and far between. They are also generally not the fanciest. Charlie rangel had a cadillac. Most are not driving super nice cadillacs or corvettes, but rather maybe a ford edge or a lincoln mkz, might even be a little too fancy. There are some roles. Congressmen are allowed to lease cars with taxpayer money. They have to be lower emission vehicles. Senators are not. They have to pay for their own ride. They also tend to pick less fancy, more american rides. Did they a few years ago pick more expensive ones . No. Politicians have always generally american cars. There has been this trend where they are their car in their ad campaigns. Wolfe, who is running for office in pennsylvania, famously used his jeep in his ad campaign. His opponent, corbett, did an ad using a wolf jeep lookalike. Truck,odge, super duty pulling up next to the tiny jeep ng, i have created 150,000 jobs and i am a big truck driver. Im pretty sure it is the dodge. It has a lot to do with image. That is a more powerful vehicle. Certainly a muscle car there. In motorcycles with cars coming you can choose any american make. Ford, chevy, jeep. With motorcycles, youre only allowed five harleys. I dont know of any politician who drives anything other than a harlye. Ey. There are a number of politicians that senators do not one is super, she drives a harley to a gun range in one of her commercials. Statement s not a it just illustrates this trend. Not only using cars, but bikes. As far as branding yourself. And connecting to the average american. I think the average theres a politician who has 50 million last year, nine houses, but still drives a ford edge. Illinois , in thank you so much. Speaking about politicians and their rights, i want to bring in a scott rigell of virginia. Before you went into the world of politics, your family owns dealerships. What do you drive . A ford taurus. I am a ford dealer, in full disclosure. I also own and ride my harley davidson. It is just a lot of fun. I think the reporters write and spot on. There is something about making the approachsent to governance. Im not surprised by the report. Doesnt become a gimmick . I dont think so. Many members are actually living out of their offices. More than you actually think. I know that 174,000 is a lot of money. If youre trying to maintain a home in your district and put kids through college and have Living Expenses here, they can be challenging. I think it is important that we represent a fiscal discipline. Lets turn to the leadership change that we saw yesterday. The primary loss for eric cantor, from your home state. How shopper you buy this . Totally. I do not think there is anyone on record predicting this. Its done all of us. It stunned all of us. Did not know the member who more to help our Republican Caucus than eric cantor. Im very grateful for his service. Every time he speaks in our conference, he gets a standing ovation. That is deserved. His replacement, kevin mccarthy, he is a good man. He will do a good job and i think we will see this momentum on the budgeting front. I think we will see a return to regular order, that is passing all Appropriations Bills before the end of the fiscal year. I also think we will see continued support for biannual budgeting. This is very important and these things can help our economy get more efficiency out of our defense dollars. It is the right thing to do and i think we are headed there. You have wanted to work on several issues. Whether it is the budget or immigration or any number of other topics that you are closely focused on. Do you feel that you can get any progress done given the faction, the tea Party Faction . It is very challenging. There are a lot of friends in the tea party. Ishink the fiscal discipline what drives the folks who self identify and the tea party. You and i have talked about this. I really think that our trajectory is the next threat to our country. I share the sense of urgency about this. I think that the approach must be engagement with our democratic colleagues. But congressman, the tea party answers to what they see discipline gone wrong in washington. Holding the country hostage and not raising the debt ceiling. That is not going to work. 1 3 of therol 1 2 or federal government. We are truly the minority party. It makes clear the need to have a Senate Majority that is republican this flalall. That is really important to me, so that we can pass legislation. So much of the good legislation that will help our countrys sits on harry reids theft. It needs to get to the president of the united states. We will be back once more. Scott rigell from virginia. Coming up, digging up the dirt and election years. In washington, primary season is winding down. Both sides of the aisle are digging for dirt on their opponent. We go inside the Republican Research center of turning and dark arts into big business. User the video clips that can change an election. If it is a legitimate rape the Opposition Research that uncovers the indelible moments is big business. Siness. Re in big buys meet joe pounder. He has turned Political Research into a big commodity. There are over 30 different conservative organizations providing the research they need. We really go where the marketplace is. Teams of researchers, to equiphave one goal, republican candidates with the most damaging information about their opponents. Reaching voters through television is important. In the modern campaign, you need other tactics too. To miller is the executive director of America Rising pac. Lead inounder romneyons tset up by aides. They were deployed as a fix. Our candidates were hurt by Opposition Research finds by democrats, most famously in the president ial election. You sell the bain capital issue. Pounder and miller are already having an impact. They caught on tape in iowa icizing theit wellliked dean of a state delegation. Miller runs the super pac side of the business. It is run by rapid response. Pounders domain has paying clients. They drop as much is seven figures for research quotes and video databases. As a forprofit, the company is free to coordinate directly with campaigns. Young twentysomethings form the backbone. Over 20 trackers are deployed across the country, stocking democratic candidate. When you join a house resort senate race, there is no equivalent of bloomberg. We have to create it. We have to get the video from the field. Cataloging every move of the major 2014 candidate, and keeping a close eye on the big ones for 2016. They are not stopping at hillary clinton. Newre launching a operation to track top democratic donors, like billionaire environmentalist tom stier. They hope to become the centralized Research Database for the party. They have an archive that can be used in cycle after cycle. They will stop at nothing. Democrats take notice. Business is good. When year ago, we were in an apartment with sick people. Six people. Now we have over 60 people across the country. Very interesting. Were back with scott rigell. And Phil Mattingly brought us that story. Congressman, how do you feel about the tactics like this . This is not theoretical. I have been on the receiving end of this. Intop away from business being a congressional candidate, but never run for political office. It is bizarre and disconcerting to step out of your car and have somebody shove a video camera in your face and start asking you questions. Not for the purpose of increasing the level of understanding of ones views. Verrilli to get you off track and catch you in awkward moments. I think it is offensive and i think it has for the public discourse. Members who are seeking office or politicians who seek office or those who hold up this need to be accountable for what they believe. I think that the deliberate, almost provoking someone into a statement is wrong. What was it that happened to you . I just recall so many of the incidents. You have to think through it. Not happening the cycle, it was intense in my first race. Someone present in my second. It was intense in the first race. Every family went to an event, we had to think through it. More often than not, i might have been in a different car than my target. I might slip out of back door or something. Not because i am afraid of engaging the public. You dont want to be attacked . Right. It is not right. This is part of what is wrong in america. I share with people, regardless of party, humility is not weakness. We must elevate qualtiy. Ity. This does not help. They have been very effective, have they not . They have. Sorry, i was directing that to phil. They have. To the congressmans point, republicans are trying to counter democrats. Both parties are doing this. You cannot disarm here. This is a new way of working great you have to try to get as much video as you can. As long as one party is doing it, the other is going to do it. It is just going to keep ramping up, so long as each side is trying at. How do they use social media . Theyre extremely active. They have multiple youtube accounts. They are very active on twitter. For a lot of their clients, they get these videos and put them online. Their clients use them. Social media has rapid response. In terms of letting people inside the party, both clients and candidates and campaigns know what they are working with. It is extremely important to their operation. Thank you so much. Thank you as well to congressman scott rigell for joining us once more. Coming up, feeling the heat. Ryan talks about surviving football fans and the media. Plus, Lance Armstrong probably wishes he could jump on his bike and pedal away. Another major lawsuit. You are watching in the loop. Good morning. Heres a look at our top headlines. Carmax reported firstquarter earnings that exceeded estimates. They sell used cars and earned 76 cents per share. They also bought back 3. 8 million shares for 174 million. Atlantic city casino is pushing for a buyer. It has applied for bankruptcy. They opened in 2007 at 2. 6 billion. They filed for bankruptcy in march of the following year. The casino may be forced to close for good if it fails to attract a buyer. They wrote a letter to employees. A 120rmstrong will face million fraud lawsuit. He is accused of defrauding the u. S. Government by using performanceenhancing drugs. A judge rejected his bid to have the case dismissed. The claims made by his former teammates will let the lawsuit continue. The hour,inutes past which means that we are on the markets. You can see that we are building on the record gains that we have hit. We have basically seen a fiveday winning streak. Helped along by Janet Yellens statement and press conference earlier this week that the economy is recovering. For rates will stay low some time. We are on the markets again in 30 minutes. The king of the economy, between april 2013 and april of this year, 22 thousand North Carolina workers disappeared. What happened and what should be done is an economic mystery and the focus of a Major Political debate. Mike mckee has the story. Imagine you are unemployed. You cannot find a job like a lot of people working. The recession may be the only thing keeping you afloat. Is it because you still cannot find a job or are you not looking hard enough . The state of North Carolina decided to try to find out. Unemployments last benefits by one third and cut the number of jobless eligible for aid from 20 to 20 from 2 6. That affected the extended benefits program. Look what is happened to unemployment since then. It has fallen two Percentage Points and must than a year. It is now below the national average. North carolina is creating jobs. 75,000 of them in the last nine months. Does that prove that an unemployment check is more of a burden than a benefit . Heres where it gets tricky. The the same time period, number of Unemployed People fell by 97,000. That is 22,000 more than the number of jobs. Whichis less labor force makes the data look a lot better than it otherwise would. Do we know what happened to them . That is a good question. With economic and political implications here intelligent economics. Newh carolinas unemployment laws may force many people to up and leave the state. Clearly, some of them are tired. Some of them are discouraged. The North CarolinaLabor Force Participation rate fell by one percentage point in the 12 month period. Do those people come back as the economy picks up . That is becoming a big issue in North Carolina in the senate r ace. We get new state data later this morning. Y . What do the economists sa the same question is being asked nationally. North carolina has cut its benefits again. From 19 to just 14. It pays little more than subsistence wages. 350 a week. The average rent for a onebedroom apartment in charlotte is about 900 a month. So, there is a good chance that those who cannot find work, but can move, might just leave. This has applications for other states. Maybe we just get rid of the unemployed, rather than spend a lot of money keeping them afloat. Some hard questions. Thank you so much. As america slowly transitioned from manufacturing to a service economy, new patterns of Media Consumption rapidly alter our daily life. New numbers from the bureau of labor statistics ask the big question. What do americans do all day . The government has released its annual look at how americans spend their time. Theres an interesting snapshot into the daily lives of the average joe or jane. Americans do nearly eight hours of work on a day. 7. 5 hours ofeek, work each day. There is some time each day for fun. Or leisure activities. In 2013, an ordinary adult without kids, spent 4. 5 hours on these leisure activities. If you add kids, it dropped to 3. 5. Day, tv was the biggest time suck. They only left couches to socialize with other americans. Yourere not at work, either asleep or apparently doing household chores. On a day that included chores, the average woman spent more than the average man. Once you retire, it does get easier. In fact, if you are 75 or older, you spend half your day, that is 7. 5 hours, having fun. Reading accounted to 2. 5 hours of every weekend. Teenager spent the same amount of time on computers were playing games. Teenagers also spent four minutes reading a book. The survey does not mention ipads or candle. Kindle. Very interesting. Coming up, the view from the sidelines. We go oneonone with rex ryan. What does it take to perform in the biggest market . Will he win . And jon bon jovi may be looking to get in on the action. Why he has meetings with the nfl commissioner yesterday . What is going on there . Todays big number is one billion. That is how much the Buffalo Bills are going for. Theyre looking for a new owner. Parties isinterested none other than john bon jovi. Had lunchrold rocker yesterday with Roger Goodell in new york. Sources say they seem to be talking business. The bills hope to identify a candidate by the end of july. Can you imagine . Staying with the ball one of bloombergs owner took to the field with rex ryan. Rex ryan discussed fans, michael vick, and what geno smith needs to do this season. Scarlet fu was with rex ryan. Take a listen. You have a lot of fresh talent around geno smith. To makee does he need the jump from rookie to a secondyear quarterback who can be a team later in the nfl . The big thing is when he started to you at the end