We will examine the latest content involving some of the media Worlds Largest publishers. All that and more over the next hours will stop first lets get the headlines from su keenan in the Bloomberg News room. Caesars indeed out with earnings net losses widened to more than 466 million. Caesars had only one profitable year since 2008. They have struggled to service 23 billion in longterm debt incurred in a leveraged buyout. Jpmorgan is said to be considering moving its headquarters to a new location in new york city because the company now has fewer employees in manhattan according to a person briefed on the discussion. They could move offices to the World Trade Center or hudson yard. Discussion is set to be at an early stage and no decision is imminent. Priceline reported better than were cast earnings, saying more consumers are using its website to land summer trips. Lienngs rose 34 to 13. 5 dollars and those are your top headlines. But thank you very much. President obama is about to speak on the political crisis in iraq. I want to bring in our chief washington correspondent peter cook will stop what can we expect to hear from the president . A very tense political situation in baghdad. You hear the president talk about red lock in washington but it is gridlock in baghdad he is worried about at this moment. The development on the ground today in the last 24 hours, the president of iraq effectively nominating a new Prime Minister, breaking a political logjam that has lasted about treatment time. That is news the white house has welcomed at the state department has welcomed. The one person who has not welcomed the news is the current Prime Minister, Nouri Almaliki, who went on state elevation early today, late evening interact and defiantly said he would not accept the nomination of this new Prime Minister, trying to hold onto power. The question at this point is what happens next . Does he cling to power in some other way . Is their use of military force or does cooler heads prevailed and is this the beginning of a political reconciliation in iraq which is something the Obama Administration has been calling or. You can expect the president to express support for the nomination of the new Prime Minister designate and effectively urge nuri almaliki to step aside. That is the message we have gotten from the white house and state department. I think that is what we should expect to hear. We look forward to getting your is of that and any of a romney president. Lets and from the president. Joining me now is u. S. Ambassador to iraq, Zalmay Khalilzad. Give us your impression of what is the current the jewish and in iraq today. I think a new Prime Minister has been designated. These are made prominent baghdad family and belongs to the same party as mr. Maliki but has spent a lot more time in the a phd froms Manchester University in the united kingdom, so he is more worldly. Mr. Maliki has not accepted this nomination. But he is in a difficult political situation because of a substantial part of his own party has defected from him. Shiitese joined other in nominating him. He has two choices either to use his current opposition to bargain for something for immunity from prosecution, from security, or to use force. I think it is president obamas shannon is a dumbing statement to deter him from resorting to the use of force. Describe the individuals who possess the to effect the change you are describing or those looking to topple the baghdadbased government . Lyrically force inside baghdad right now to deter mr. Maliki from using use of force are the military commanders and out hours. The military commanders, whether they will carry out the order malik he might give or move against the president or move declareharlem and or to martial law and announced the military leader of the rack, i dont think these things are, will but you cannot ruled them out. Every effort should be made to deter that. You have sunni leaders and kurdish leaders who would have to come together to agree on a new government and a new program that would unite country against terrorists. Thats what the Obama Administration has been hoping to bring about the there are important challenges ahead to achieve that goal. You must the details as you know them about isis and their goals. Isis is made up of different elements. They are obviously religious extremists and remind me a little bit of they taliban in afghanistan. With one difference they have more of a global representation, meaning american citizens, europeans and others, about a thousand in total have joined them. Thistsave some former baa from saddam husseins era and some sunni tribes committed in number. What they seek is the establishment of what they call an islamic caliphate with the leader of the movement leading the caliphate. Opposere a lot of people to this. Who are some of the powers opposed to this . Give us an idea of the countries who have an act of state and what happens. The kurds are opposed to it and the shiite majority are opposed to it. Community has expressed their opposition to it. Saudis have expressed thesition to the group, jordanians and israelis there is broad opposition to this very ,hreatening, very well financed controlling a large area of terrorist organizations. Based on your diplomatic experience, is it possible the countries you just described theiragree to focus attention on isis and of the other regional issues . That is a diplomatic challenge for the United States. One of the things we need to do is internationalize the effort. Not only to the iraqis, the region and the world. Im just going to rake in because president obama is breaking in from his vacation and i want to give everyone a chance to listen. Die usaidsa Disaster Response to help. Some have begun to escape their hurt on that mountain and we are working to develop options to bring them to safety full top to safety. I want to thank the united kingdom, france, and other countries working with us to provide muchneeded assistance to the iraqi people. This advances the limited military objectives we have outlined in a rack, protecting innocent citizens, providing advice and assistance to iraqi forces as they battle these terrorists, and joining with International Partners to provide humanitarian aid. I authorized these operations, there is no American Military solution to the crisis in iraq. The only lasting solution is for a rack to come together and form an inclusive is for a rack to come together and form an inclusive government and unified countries fight. Today, they took a promising step forward in this article effort. Last month, the iraqi people name a new president. Today, the president named a new Prime Minister designate. The iraqi constitution, this is an important step toward forming a new government that can unite iraqs different communities. Calledsident biden and i him to congratulate him and urged him to form a new cabinet as quickly as possible all stop one that is inclusive of all iraqis and represents all iraqis. We pledged our support to him and the president and the speaker as they Work Together to form the government. Urge all iraqi political leaders to work peacefully through the political process in the days ahead. This new iraqi leadership has a difficult task. It has to regain the confidence of his citizen by governing inclusively and taking steps to demonstrate true resolve. The United States stands ready to support a government that addresses the needs and grievances of all iraqi people. We are ready to work with other countries in the region to deal with the humanitarian crisis and counterterrorism challenge in iraq. That will be easier once this new government is in place. These have been difficult days in iraq, a country that has face many challenges in its recent history. Im sure there will be difficult days ahead. But the United States will remain vigilant against the threat goes by isis. We stand ready to fight with iraq against these terrorist forces. Without question, that will be advanced if iraqis old on todays progress and come together to support a new and inclusive government. Thank you, everybody. You have been listening to president obama speaking from kate cod. ,oining me is Zalmay Khalilzad the former u. S. Ambassador to iraq all stop he joins me from washington. You heard the president loss comments the president assad comments. Do his words carry any force with the various Political Parties inside iraq today . Its very encouraging to the Prime Minister and there is a wording there for Prime Minister maliki. The United States has with their weight behind the Prime Minister designate all stop he also sent a message to mr. Maliki that the u. S. Is with him and anything he would be atse that the expense of any future relations he might expect to have with the United States and the u. S. Would be opposed to him. We are going to continue the conversation have more with ,mbassador Zalmay Khalilzad former u. S. Ambassador to iraq. Stock thoseing quote on bloomberg. This is taking stock on bloomberg. Im pimm fox. The president made a statement regarding iraq from marthas vineyard, where he is on vacation. ,oining me is Zalmay Khalilzad the ambassador to iraq from the United States from 20052007. Also joining us is our chief washington correspondent, peter cook. Any more detail from what we heard from the president and what he said about his support for a new Prime Minister in iraq customer it was noticeable that he did not mention real maliki by name. To thespoken directly new Prime Minister designate and it is clear who the United States is banking on and it is not Nouri Almaliki. Trying to send a clear message where the u. S. Is and we heard over the last couple of days, tying u. S. Support and International Support to the Iraqi Government on the notion that government has to move toward in this lyrical process. There has to be some sort of push toward reconciliation between these various factions. Without it, it might make a year difference. Since thedor, president focused on the new Prime Minister of point i the president , what can you tell us about the personality of Nouri Almaliki . Nuri l maliki has been Prime Minister for eight years. He is a very stubborn guy. Foras done some good things his country, when he stood up to the militias. Have you met him personally . Yes. I was ambassador when mr. Maliki became the Prime Minister and i worked with him for over a year and half. I know him white well and i also know the nominee to be Prime Minister who is more worldly and has spent more time in the last. Hes a graduate of Manchester University and the united kingdom. Hes also from the same party as mr. Maliki. Why has it taken the United States so long to be involved at this level in light of the crisis with isis reach this point without any seemingly Strategic Plan . I think the rise of isis has come as a surprise. The rapidity of this rule has taken on areas in syria and iraq as well as enormous natural resources. , water, Power Generation this is the result of two developments, one, the situation they are inre opposition and came under increasing influence of war extremist elements and the circumstances became very extreme. Highlight a lack of u. S. Policy in regards to syria . Indicated a rise that was in part a result of lack of u. S. Strategy with regard to syria, especially in regards to supporting moderate opposition and a result of total u. S. Withdrawal. It became more sectarian and the significant disengagement finished asaq was far as the engagement is concern in those factors came together to produce the situation we face today. I want to thank Zalmay Khalilzad for joining me. I would also like to thank our chief washington correspondent, peter cook. Caesars reporting the numbers after the close of trading today. We will find out how casino bets have and have not paid off will stop details ahead. With itss is out earnings results, the Gaming Company say the Second Quarter losses more than doubled. Join us to talk about the state of caesars and the gaming industry is joel simkins and srihari rajagopalan, who runs the credit and analysis desk for the gaming industry. Lets talk about caesars and theyve got a big debt overhang. Anything they talk about has to be related to the debt outstanding. Much do they have out . Currently about 26 billion in debt outstanding. 26 . Thats right. It is split between three entities. The debt is currently sustainable at two out of three entities and the third entity is currently the one where it has a lot of investor focus which has about 19 billion of debt. Of the 26lion out elliott . What about the business of caesars . Is it making enough to pay it off . Two out of three are. You dont need me to tell you that the math doesnt work there and there needs to be a holistic solution. That structure needs to be fixed. The company has indicated they will be willing to work with lenders toward achieving that, but we are waiting to see how and when because with that kind of debt and a lot of crossownership, it is a gold proposition. A waiting game i comes to caesars. Atlantic city. We are probably talking five or six years ago. And sees ubiquitous now gaming expanding in new york state. Its a tough environment and we are seeing capacity reduced. How much does it go for . Sounds like there were no bids at this point. No bids for something that cost 2. 5 billion . You are probably talking about a Million Dollars a day in off redding cost. That might be the next path will stop thank you both very much. Joel simkins and srihari rajagopalan. This is taking stock on bloomberg. For a look at the market moving headlines, lets go to su keenan newsroom. Lets start off with Chiquita Brands they received a unsolicited 611 million unsolicited takeover proposal. Chiquita would have to scrap its pending merger with its irish competitor. Cofounderssociates charles wang is being sued by a group of investors who say he backed out of a deal to sell them the new York Islanders hockey team for 420 million. They want a judge to order wine to settle them the team or to pay a breakup fee. Andrew Rory Mcilroys onestroke win over Phil Mickelson at the pga championship earned a 36 higher Television Rating on cbs compared to last year. Of xs seen in an average percent of homes according to cbs. Amazon. Com taking on disney in its quest to gain more control over pricing on the internet of the the ecommerce ant has locked reorders of captain america, the Winter Soldier and other titles that come on dvd form. Amazon has used this tactic in s,cent disputes with other like book publisher has shut. My guest covers amazon. Com and joins us from los angeles. Paul sweeney from bloomberg intelligence. Layout exactly what is so contentious between disney and amazon. Are usually and artifice for retailers to drive traffic to the store. So rick and Mortar Retail offers , that means the customers going to come in and pick up the item they preordered and that means they may refill their basket with other stuff will stop preorders have increasingly been used and increasingly capture more share for the online retailer like amazon. Amazon is looking to get a price break on dvds from all the studios. They started with order and are moving on to disney. It looks like they might have gotten a concession from warner bros. , so they not budging are fighting back saying your new movies are not going to show up as preorders. The dvdl be there when comes out that they will not be there as a preorder which means first a sales will suffer and will get as much wordofmouth and probably not sell as many dvds in the advocate in the aggregate. How much money are we talking about . How much money is amazon get if they sell a dvd of a disney movie . Its not really a big moffet hunter. It is a is this for amazon but from the disney perspective it is interesting because the physical dvd business isnt nearly what it used to be and has declined of the last 10 years. It still a meaningful business for Hollywood Studios but a bigger part of their home theater and Home Entertainment business is digital. It is still an important business for disney. Probably going to negotiate aggressively here but at the end of the day, they will amazon an agreement with which compares to hash at if they make or break deal for them and the whole Publishing Business in general. Amazon has a tremendous amount of leverage there. Disney has more lever