julie? julie: all right.this, a reporter for the washington examiner. thank you for talking to us. so we all know hillary's book, it's titled "what happened." brazile might have actually titled her book i'll tell you what happened, because she comes out with this big bombshell in regards to what was going on behind the scenes, and she's writing that she seriously contemplated replacing hillary clinton as the party's 2016 presidential nominee with then-vice president biden and senator cory booker in the aftermath of clinton's fainting spell. is this a surprise to you and to those in washington? what's the reaction? >> well, good evening, and thank you for having me. i think for a lot of supporters of bernie sanders, no, this is not a surprise to them at all. of course, if you remember during the primaries and heading into the general election, a lot of supporters of senator sanders came out and said that they really felt that the dnc was effectively tipping the scales in hillary clinton's favor, insuring that

julie: i am julie hyman. street its merger monday and it's time for the merger report. meredith has agreed to buy time inc. for $1.8 billion in cash, supported by a cash infusion from the koch brothers. here now to talk about the next chapter is ed hammond. to me the crux of this -- at least this is the buzz in the media -- the koch brothers said there is not going to be any editorial influence, but no one seems to buy that. ed: no one seems to buy that. right-wingotoriously guys and a obviously buying a media property that is predominantly to the left, but fairly in the center. the expectation is they would try to exert some influence, but that said, they are telling us this is just the financial investment. meredith came out with a statement saying there is no influence, saying there is not a role despite investing $650 million. they have gone out of their way to supposedly put a layer between themselves and any editorial control. vonnie: what is the play? ed: for the koch brothers, this is a straightforwar

julie julie: back in the u.s. after the house passed its version of a tax overhaul bill, president trump says that this is a huge step in promising tax cuts for the american people by the end of the year. meanwhile, and the senate, temperatures flared. one senator stated -- really getscrap old. to do this at the end of this is not right. and i just, i just, it takes a lot for me to get worked up like this. julie: joining us is kevin cirilli and laura davidson. kevin, i want to start with you. we look at that outburst. tempers flaring. day, if thef the democrats are criticizing republicans, it does not matter because they will not vote for it anyway. was onoh the drama, it full display late into the evening. then the senate finance committee move the tax bill out of committee, moving it now to the week after thanksgiving. but you're absolutely correct. the provisions like between the differences of the house and the senate bill. look, there are a lot of questions being raised here. senator john mccain, no stranger

julie: right. as you mentioned, wages, you mentioned the wage issue in your most recent note as well. these are for real pc to strengthened and we need more support from the income side of the ledger. hourly earnings suggested for inflation, when 4% year-over-year -- .4% year-over-year, which is a deceleration. went are you looking for change on that front, if at all? eugenio: yes, at some point in time, everybody was thinking that inflation will remain low. but at some point in time, with all the news from employment is ,igh, productivity is still low but we needed to see unemployment rate is very low, close to the all-time low. at some point in time we have to see some pressure. for now, americans have been bringing down the savings rate, but that is not sustainable. we need to see more wage pressures in order to generate sustainable growth. the u.s. consumer has been the .riving force of the economy we need to see some help on the consumer. mark: what does the yield curve tell us? flattest in a

julie: i'm julie, this is the european close on "bloomberg markets."heays of senate finance committee approved a $1.5 trillion tax overhaul. the house passed a very different version of that bill hours earlier, and now lawmakers are preparing for a fight over those competing proposals. elmendorf-- doug joins us, he is now dean of the harvard university kennedy school of government. thank you for joining us. as we look at these two versions of the bill, obviously, there are a lot of different points of contention here. which do you think will be the biggest sticking point, as these two versions have to be reconciled? mr. elmendorf: remember that republicans are trying to thread pretty narrow needles in the house and the senate, which will make the negotiations difficult. it's only the finance committee and signed off, not the senate as a whole. there are number of stages left. i think what will happen is the toate's tougher approach deducting state of local taxes will have to move in the direction of the house in order to hold on to enough members to pa

julie: in new york, i'm julie hyman.ose on bloomberg markets. ♪ mark: here at the top stories covering from the bloomberg and around the world. sterling falls as the going gets tough mr. theresa may. she's facing -- -- sterling falls as the going gets tough for prime minister theresa may. where can you find pockets of value? to nicholask melhuish. is globalization in trouble? we will your comments exclusive from imf director christine lagarde on how the debate could ship global economics long-term. have a look at where european equities are trading right now. 30 minutes away from the end of the monday session. look

julie: michael, thank you very much. >> thank you, julie. julie: leland.l misconduct in hollywood and washington. what the president should have done after affair with monica lewinsky. anyone ever have occas constipation,diarrhea, gas or bloating? she does. she does. help defend against those digestive issues. take phillips' colon health probiotic caps daily with three types of good bacteria. 400 likes? wow! try phillips' colon health. just serve classy snacks and bew a gracious host,iday party. no matter who shows up. do you like nuts? we are the driven... the dedicated... the overachievers. we know our best investment is in ourselves. we don't take no for an answer. we fight for what we want. even for the things that were once a given. going to college... buying a home... and not being in debt for it for the rest of our lives. but we're only as strong as our community. who inspires and pushes us to go further than we could ever go alone. sofi. get there sooner. leland: the growing uproar about sexual misconduct sweeping hollywood and capitol hill and now

julie: interesting, u.s.tocks are selling off in a global downdraft, not just today but over the past week with energy and technology shares weighing the most. supermarkets are participating in the selling today. the declines are already moderating. only 90 minutes into the session. we are still seeing it in the oil complex. coming out and showing an unexpected build though not as high as industry data had reported last night. still, oil off the lows but under pressure, down 7/10 of 1%. some of the various oil service companies are trading lower as well. cvrr is the first one. i think that is the right thing we are looking at. carl icahn is the number one holder and cut to sell at ubs. and ever and marathon petroleum some of thehit -- things higher. andere mentioning zimbabwe that is one of the things pushing bit going higher -- bitcoin higher is a but -- as there is a potential coup. , popular inng africa, zimbabwe in particular in the shortage of hard currency with the dollar the main currency in zimbabwe.

julie.ie: on monday the house ways and means committee will start a markup of the republican tax bill unveiled earlier this week, but some gop lawmakers are expressing concern about that plan especially when it comes to the elimination of some popular tax deductions. garrett tenney is live from washington with more on this. hi, garrett. >> reporter: hey, julie. the two changes that are receiving the most blowback deal with the mortgage interest deduction and deducting state and local taxes. under the plan unveiled this week, new home buyers will only be able to deduct up to $500,000 of their mortgage instead of the current cap of a million. the gop plan also offsets some of its tax cuts by eliminating deductions for state and local taxes, having a big impact on states with high taxes and high real estate prices such as new york, new jersey and california among others which is why several republican lawmakers have said they will vote against their own party's plan if changes aren't made. >> t

julie has news for us, julie. julie: fox news alert, the washington post reporting a stunning new excerpt from donna brazile's new book. newspaper reporting brazile at one point seriously considered former vice president joe biden to replace hillary clinton as the democratic nominee after clinton as you remember fainted at a 9/11 ceremony in new york in 2016. she had been suffering sufferinm pneumonia as you remember. brazile writing, she considered the switch in part because the clinton campaign was, quote, anemic and odd or of failure and the story comes in the heels of the news that the clinton campaign took over control over the dnc. >> wow, a book that has everybody talking and we will keep talking about it and after deadly terrorist attack in new york, the annual marathon is set for tomorrow, how the police are preparing for that big event. >> there are no credible and specific threats against the marathon or new york city. you will see a lot of police presence, if you see something, say something. with the

julie: i am julie hyman. sherry: i am shery ahn.g closer to a vote on tax reform while they grapple with details of the bill. former aig ceo hank greenberg spoke to bloomberg exclusively about his outlook on the past of tax reform -- the path toward tax reform. >> i think we have to hope they are done shortly. happened not have what followed the health care bill. it is important for the economy and world economy. >> which version do you like better? >> the senate version. >> why? >> i think it is more realistic. on the other hand, there are so many unknown facts, it is hard to come down and say, yes, i'm fully behind it. >> how does the corporate tax of 20% -- how do you feel about that? >> i feel pretty good. >> on both fronts, are you pretty happy? >> yes. >> why? >> it is realistic, you cannot go further than that. i think we have to bring back the offshore plans. what we definitely need is right around that. i want to see that happen. >> do you think tax reform is going to happen by the end of the year? >> i am uncertain about w

forced to clean it up on the night of july 9, july 10. making a beeline to the outer limits of washington, d.c. it is extremely hot on july 10. the soldiers drop out from heat stroke. stop on july 10. 11, he reached the outskirts of washington, what was called 7th avenue -- today is called georgia avenue. of 68gton has a string forts but those sports do not mean anything -- but those sports don't mean anything if they are empty -- forts don't mean anything if they are empty. know how to load a musket. starts to skirmish outside the outskirts of washington. fighting stiffens because as early arrives on the fields looking at his binoculars, he the flag starting to mount the ramparts have greek crosses on them. they arrive on july 11 and start offloading. lincoln is there personally waiting for them. you cannot be late if you want to get early. what lincoln doesn't know is nearby is a steamer called baltimore waiting in the wings. baltimore sole objective is to get lincoln on it and whisk him off. he is angry when he finds out the baltimore

julie: i'm julie hyman.enate tax rate committee is hammered out the details of its tax proposal today and house may vote as soon as thursday. both the house and senate tax reform bills are on a collision course over one of the most the local tax reduction. local tax now is our division reporter. laura, thanks for joining us. talk to us about this salt production and where each of the chamber's stand on it, where we may end up on the issue. both chambers have called to curb it back significantly. in the house, they were able to keep a $10,000 reduction for property taxes. in the senate, they are calling to eliminate it. this has a lot of republicans from new york, new jersey, california worried, where there are high property taxes. they are not happy with this, or of what they see in the house bill. begins to count votes, they will go around and see where everyone is. will be able to tell, do we have enough to pass the bill? they can only lose 22 republicans and there are seven or eight that have already said

i'm not surprised, i'm just disappointed, julie. >> julie: he is supporting the republican in the race. not as if he hasn't in the past said if roy moore is guilty of what he is being accused of, he should step aside. but as we all know roy moore wasn't actually the president's first choice. he did campaign for luther strange in the special election and it was steve bannon that campaigned for moore. why wasn't moore president trump's initial pick? >> you know, he honestly was going along with what mitch mcconnell said. he gave it a shot. he didn't want to. when he gave that support, it seemed pretty tepid and he even said during that campaign rally i'm not sure i'm making the best decision here. that's about the least exciting endorsement i think i've ever heard in all my years in politics. so, you know, but all of this has come out post fact about roy moore and these allegations and they do go back 40 years. but that doesn't excuse the behavior. doug jones doesn't have a record like that. he is a very conservative democrat contrary to what donald trump has been saying touting him as a

this is bloomberg. ♪ julie: i'm julie hyman. i'm mark barton.loomberg markets on bloomberg television. for angelaof truth merkel. talks could less late into the night friday which is the deadline markets set. they will begin formal coalition talks if they don't. germany fixes a minority government or another election. let's bring in bloomberg's german government editor in berlin. are we close to the point where these talks could move to a formal stage? that is the odds on expectation that since this is only a preliminary step or one of several steps in this procedure that merkel and the somehowree parties will come out and say we are all committed to the future of the country and we want to at least try and make this work in a formal set of negotiations which would of course take another couple of weeks at least if things go well. mark: where are the main areas of discord and where would you say there is compromise between the many sides? the senior negotiators have been saying for some days now that there's actually a lot of agreement on a vari

markets, i julie hyman.y ceo john chen has set a goal to 10%, 15% growth over the next years annually and said he is on track to meet the goal. i talked to him about where he expects to see the growth. >> in the growth, we are seeing growth in the middle east and europe. mostly from security businesses. secure software. mobile security. threat analysis. we have some big contracts. julie: is the growth in the software business going to remain quick enough to make up for the declines you have been seeing in the service access these take by the legacy blackberry users? >> i've actually, this crossover not -- eventually, the crossover. yes, our growth rate, we have a high 600 and mid $700 million software business. -- ifk rose 10%, 50%, that rose 10%, 15% -- julie: the portion of your revenue from the software mobility enterprise management specifically, one of the more important parts, if not the most important part. you have big competitors in the market. ibm, microsoft. coming at it from a blackberry angle, w

julie hyman.he third year in a row, harvard has been named the nation's top mba program .ollowed by pens wharton school each school's ranking is based on recruiters, students, and successor landing jobs and securing high starting wages. for folks who are looking to go into finance or to go to business school, they pay attention to these surveys because they want to try to get in the best school. mark: it is a cork, because yes, , because yes,rk harvard but if you want the best salary, it is stanford. julie: stanford produces the highest pay after graduation but is not highly ranked for preparing graduates for the workforce. my guess as to why stanford pays so well is geographical. i do not know if i am right, but i imagine a lot of those folks and up in technology on the west coast. perhaps that is where the pay is at this point in time. we want a global top 10, julie. julie: that would make sense. mark: we want to include the european business schools. there is one or two in london. let's have a

julie: i am julie hyman.of the hour with shares of luck so oncology falling in morning trading after it announced a deal to develop cancer drugs with the pharmaceutical giant bayer. analysts are saying the deal means an acquisition is off the table for now 20 biotech company. is taylor riggs. what is going on? why is it not going up? >> there was some speculation there would be an m&a deal and perhaps now a partnership to develop cancer drugs, that may be tabled. a mixed reaction. first the stock was up and now down. investors are concerned about a few things, the deal value which they have to split, u.s. sales are responsible for half of the development cost and they have to get u.s. regulatory approval. other analysts were positive and said that bayer can build a bigger platform, especially outside the u.s. then loxo can. they have upfront payments that are generous to loxo and buyers can target specific oncologists. them.ms pretty good for they are focused on monsanto merger and this follows their strategy

hi, i'm julie, a right at home caregiver.nd if i'd been caring for tom's dad, i would have noticed some dizziness that could lead to balance issues. that's because i'm trained to report any changes in behavior, no matter how small, so tom could have peace of mind. we'll be right there. we have to go. hey, tom. you should try right at home. they're great for us. the right care. right at home. >> julie: evacuation orders now lifted following a massive gas line fire near detroit. this fire broke out monday night on vacant land. eventually burned itself out. the blaze occurred after a gas transmission line ruptured but they're investigating the cause. no injuries have been reported. >> jon: new information now on syria with russia's president putin meeting with his syrian counterpart bashar al-assad ahead of a summit and u.n. sponsored peace talks. this after putin and president trump spoke informally last week and agreed to principles on war torn syria. president trump just wrapped up a phone call with president putin as well. c

. >> julie: tax reform passes in the house. a huge go for republicans signaling the start of the first sweeping changes to our tax system in decades. hello, everyone. welcome to "happening now." i'm julie >> i'm eric sean. the vote was 227 to 205. not all republicans are on board. 13 republicans giving it a no vote. many of them in high tax states. they are objecting to the dumping of the state and local tax deductions. the senate taking the first step on its version of the bill. the finance committee approving it last night. speaker of the house paul ryan is confident the house and senate he says will get this through by the end of the year. that's a goal shared by the white house. >> in order to turn this momentum into sustained economic growth you all know there is one policy that's more important than anything else. i'm here to promise you president trump and i will be fighting every day to pass the largest tax cut in american history and we'll do it this year. >> chief washington correspondent john roberts is live at the w

julie: thank you.a busy week for president embarks he is about to on his longest trip to asia of any president in modern history. they comes at a tense moment in the region as the threat of the north korean nuclear program is looming and no strategy for initiating trade talks to reject the -- to replace the rejected transpacific partnership. joining us now is scott mulhauser. he is former chief of staff of the embassy in beijing and chief of staff of the export import bank at the united states. you are bringing a lot of threats together for us today. thank you for joining us. let's start with this situation in asia. i have been reading about the briefings the president has been receiving in advance of his trip. what do you think is going to be the top priority? scott: first, thank you for having me. this is going to be quite a trip. on friday the president and barks in a 12-day, five-country trip that will really end up focusing on china. china is the fulcrum. china will be the middle of the five count

julie: this is bloomberg. ♪ julie: this is "bloomberg best." i'm julie hyman.'s continue our global tour of the week's top business stories in washington. representatives of some of the world's largest tech companies were grilled on capitol hill. >> big tech under the microscope today. at this moment, lawyers from facebook, twitter, and google facing questions about russia's use of their networks to meddle in the 2016 election. >> the testimony they prepared was meant to show they were completely on top of this and ready to deal with the next threat. the questions from the senators seem to be poking holes in that. showing they really have very far to go. first of all, before we know the full scope of what is happened, and second of all, before they are prepared to handle future threats. the companies don't want to do anything to alter the nature of freedom on their platform. they say they are going to be proactive and have better tech to look into this. they are going to be cooperating a lot more with the intelligence community in the future. but so far, we hav

. >> i'm julie banderas. a whole lot of action and now gearing up for a trip to capitol capitol hill and get them behind the parties bill. amid reports the g.o.p. is trying to appease at least half a dozen holdouts. >> i think all of us want to get across the finish line and we are trying to make this bill one that not only serves our immediate interest as a nation but also our long-term interest and everybody is working feverishly right now to try to get to that place. >> julie: chief white house correspondent john roberts is live with the story. >> good morning to you. the president will be at the capitol hill in about an hour's time. it's about the second time that he is going up there so tax reform first was to the house, this time it is the senate republicans. you mentioned at least six people. it's like the closer to eight. joining ron johnson of wisconsin in opposition to this bill. both of them saying that they like to fix this is that they can get to yes. one of the big holdups particularly for senat

. >> i'm julie banderas. new questions about the russia investigation after his attorney general's testimony and a growing scandal surrounding alabama senate candidate roy moore. while congress works to pass tax reform before everyone goes home for the holidays. >> good morning to you. despite 20,000 miles, five countries, 13 days, the president has up early tweeting at 5:40 this morning. although he has no public events today. that means we have to wait until at least tomorrow for this promised big announcement. during the trip to asia, the white house said the president would make a decision on whether or not to declare north korea a state sponsor of terrorism. it would have major ramifications about what the u.s. government can do as related to north korea. we don't know if that's the announcement. the chinese are sending an emissary to north korea just after president trump left the region. for the white house this week is a short one with the president just returning but not short on distraction. the pre

julie?breaking news, the white house is said to consider budget director mick mulvaney as interim head of the consumer protection bureau. this comes after richard cordray stepped down as director of the cfpb on wednesday. it was founded in 2010 after the financial reform bill known as dodd-frank, regulating the banks and financial copies and how they react to consumers. he is stepping down and we are not hearing that the white house is considering mick mulvaney, the budget director, as interim head of the consumer protection bureau. we will give you more details as we get them. julie: u.s. stocks as we were talking about, are gaining the most in three weeks. the s&p 500 is a region of a record. the nasdaq is at one. president trump rallying for support earlier on capitol hill as they prepare to vote on the bill. through sentiment could come when the senate votes. joining us is kathryn rooney vera, head of research and chief global strategy at bulltick capital. you said tax reform is critical

. >> julie: i'm julie banderas. sources are telling fox secretary of state rex tillerson will be leaving his post in january. >> jon: john roberts is live with more on this developing story. >> nothing is a sure thing at the white house until it's a sure thing. sources inside and outside the administration are telling fox news that secretary of state rex tillerson is expected to leave his post. the likely time would probably be in late january. there is a couple of scenarios that are being discussed for how to replace him. the most likely scenario i'm told would be to take mike pompeo from his position at the c.i.a. and move him to the state department to become the secretary. then the president would nominate arkansas senator tom cotton to be the next c.i.a. director. the president thinks pompeo is doing a terrific job at the c.i.a., knows the world well and has a tremendous respect for senator tom cotton who has been faithful to the president on most occasions, a couple of occasions where they parted ways. for the

julie: i'm julie hyman.oe: julia: i'm joe weisenthal. we are minutes from the closing trading. a day of records and milestones. 24,000 and the s&p 500 on track. joe: the question is what'd you miss? julie: there could be light at the end of the tax overhaul tunnel. john mccain says he will support the senate bill, putting republican lawmakers one step closer to a much needed. legislative win a meeting of the in an attempta, to regain control as u.s. shale dominates the global market. a roller coaster ride isn't the only thing bitcoin regulators could be looking to crack down on. how hismberg tells us company plans to stay on the right side of the law. ♪ let's get a check on were stocks are trading with abigail doolittle. abigail: we are certainly looking at a rally today for the major averages. they are all saw the be higher -- they are all saw the be higher. it is worth knowing that we are well-off at the highs. the dow had been up more than 1.6%, its best day at the time of the year. we are looking at the

the people of st petersburg protested in july the situation would escalate. but before that workers day was celebrated on the first of may. gorky dissolved his commission to little support. but he began to write and publish more. the first of may one thousand nine hundred seventeen impressions from the street people seem not to believe that they are free and have the right to demonstrate and sing forbidding songs they've all gone out on the street to see for themselves. russia has taken an incredible step forward and left europe behind it it has celebrated the first of may as it has never been celebrated in the countries of ancient cultures. yes we must keep fighting and our feet but sometimes we must also overcome our fear of the people the fatherland would consider itself less endangered if there were more cultural. may the fifteenth in the evening the staff of the newspaper know via she's in gathered to discuss their position on the arts mayakovsky is without a doubt talented big and strong but he is also a liar gorky's tone is very somber he sounds like h

julie: i'm julie hyman.nie: countdown to the fomc meeting, which could be one of janet yellen's last at the helm. the drama of who will lead the central bank, few surprises are expected today. expecting ae message of see you in december. .oining us now, austan goolsbee you,time we spoke to predictions were saying something different than it is now. who do you think will be the next fed chair? it seems like powell is going to be the next fed chair. i thought it would be unlikely donald trump will choose janet yellen, to reappoint janet yellen for another term. it doesn't feel like he is going to do that. vonnie: if it is powell, how do path wille the hiking progress the hiking path will progress next year? still an expectation fourth three rate hikes? austan: i have been skeptical that it would support the rapid rises to interest rates. it hasn't supported it. are growing a we little faster, but for the year 2017, it is not going to look over all that much faster growth and it has for the last five years. i w

julie? julie: on the roads right now, i'm looking at a crash northbound i-85 and will impact this drive from triangle headed towards dumfries. from dale city to quantity dough, only the left -- quantico only the left lane gets by. you may want to use route 1. alternate will save you headaches. red line single tracking between silver spring and forest glenn due to an animal on the tracks. expect delays on the red line. how much time will the alternate route on 1 save you? i'll let you know. ought tria? autria: autria? autria: a frightening scene in and have confirmed 20 people are injured it. take a look at those massive flames. firefighters say this grew to five alarms. it's unclear now how the fire started but we know many of the building's occupants were evacuated and forced to stand in the 40 degree weather until crews could assist them. we have a crew on the way to the scene and we'll bring you a live update later on in this hour. autria: happening now, a crime alert in fairfax county. f

julie: i am julie hyman and this -- bloombergerg markets. mark: the top stories, u.s.orney general jeff sessions faces questions about his -- we will have the latest on the hearings. top central bankers gathered in frankfurt today to talk about their policy path forward, mario draghi, janet yellen, surprised investors? ge turnaround plan cannot stop the slide as the new chief executive reiterated challenges they -- at the lowest level in nearly six years. our european equities are trading, minutes away/mainly stocks

julie: and i'm julie hyman.e stock of the hour, westward digital was downgraded, pushing things lower. price pressure surrounding its memory chip is this. joining us with more now is taylor riggs. all comes down to the memory chip. morgan stanley is nervous about that sector, pushing western digital down lower as well. the analyst said they went in for it in the first half of 2018 , when they started to see high growth outpacing demand. you have to go back to 2016 to see that the share price at $35 a share was the last time that the demand memory chip had a downturn. it will be the first time in a couple of years that this happened. it is also dragging down some of the other stocks as well. western digital was the worst performer in the s&p 500 and we are looking at the semi conductor index as well. the second worst performer there, dragging down the industry as well. david: macron has been sold off some. another analyst said to go buy it. in aey are a bigger maker bigger type of chip. dram is expected to do bet

on july 3, 1863, robert e. lee immediately begins moving his army, before the evening is out he's already making plans to direct his soldiers to get out of gettysburg as quickly as they can and save their army and perhaps do battle with the army of the potomac once again. draw them into a better and more defensible position as he begins a retrograde movement into virginia. now, robert e. lee will take his army and divide it essentially into two parts. the wagon train of the wounded, just the wounded, stretches for some 17 miles. they'll we organize -- he'll reorganize his army and have the armies of the wounded move west of gettysburg through the cashtown pass, witches now present-day route 30. the wakens will move west -- the wagon will move west and then move to the hagerstown in the potomac river. one wagon train will begin moving out shortly after the battle. certainly by july 4, the wagons are on the move. the wagon train of just the wounded, the bleeding and those wagons, and you can imagine the agony of

this is bloomberg. ♪ julie: live from new york, i'm julie hyman. mark: i'm mark barton.nting down to the european close. taking a hike in december as the ways raising rates before the end of the year. philadelphia fed president patrick harker expecting a rate increase . next month. i penciled in. if we see that weakness i would be ok with waiting a little bit but i don't expect that right now. i do expect that i will be supportive of an increase in december. mark: his comments come ahead of a panel in frankfurt tomorrow where central bankers will discuss how their messaging impact their effectiveness and their reputation. still with us, david blanchflower of dartmouth college. i'm looking at our probability function. 92% charge in the fed rate hike on the 13th of december. can anything derail it now? don't think so. i think it is set in stone. always concern themselves with a surprise. if they didn't do it there would be a market reaction. i think it's a mistake. i think the fact that inflation in the u.s. is so low is actually a puzzle and they have been trying to say i

. >> i'm julie banderas. minutes from now president trump heads for capitol hill to meet with house republicans and gop leaders there are confident they have the votes to pass tax reform. >> reforming the tax code to get fast erect i can growth and more jobs is what this is all about. building a tax code to build economic growth. we've had a 10 years slide of slow growth. that means living standards get stagnant. this will help us get to a 3% economy. >> jon: peter doocy is live on capitol hill where everybody is on tender hooks. peter. >> we're here in the hall of columns on the house side of the capitol waiting for president trump to come through within the next half hour or so. today's presidential pep talk to fellow republicans means a lot to his fellow new yorkers in the gop. one of them, congressman peter king, the republican from long island said he hasn't been able to talk to president trump about tax reform and right now king says he is going to vote no on this tax bill because it would get rid of de

julie: i'm julie chatterley. i'm julie hyman."bloomberg markets.". ♪ julia: we are live in bloomberg world headquarters in new york. here are the top stories we are covering on the bloomberg and around the world. tax reform in d.c. today with the senate beginning 20 hours of floor debate. republican leaders one step closer to passing the overall with john mccain. the federal reserve in focus, michael mckee has an exclusive interview with fed president -- cleveland's fed president moments away. we speak with the ceo of pd bank about earnings, the canadian economy, and more. julie: before we get to the exclusive interview with michael mckee, let's get a quick check of the markets. we are seeing a rally today at its highs in the session. the dow having its best they since last november -- it's best day since november. . the s&p and nasdaq rallying, as well. what caught my eye is the russell 2000, we have been talking about one of the motivating factors behind the rally today has been the tax debate. the russell 2000 is not participa

john: julie, good morning. closed because these are essentially two crime scenes connected. knowing how critical this section of georgia avenue is during the morning rush hour, police have carefully reopened the southbound lanes but the northbound lanes remain closed. we are waiting for daylight to finish processing the scene, but larry, we can tell you this will be a crime scene for some time as they investigate this double shooting and homicides. larry: president trump taking waves overnight. why he said he does not blame z2ktrz z5yz y2ktry y5yy running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. ss gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $24.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-

julie: on julie hyman.vist investor was met with disappointment today after contentious proxy battle with adp. adp shares initially declined but as you can see have since recovered and are now higher by 1.4%. bill ackman spoke with vonnie quinn and spoke about white markets are reacting favorably to the proxy outcome. >> when the company came out and characterized the results, the stock went down. i went on another network and explained the facts and the stock is now up today. wise it up? up?hy is it next three has the quarters to demonstrate what they have committed to shareholders. they won the contest fair and square because they committed to meaningful higher margins, they committed to launching a product to address their losses in the enterprise space, and they committed to returning to growth. it has been a tough quarter, this past quarter and they are expecting the growth to turn, beginning in the middle of next year. if they don't see those commitments met by the company, we will be right back there

julie: being go.ize, but we have not seen trump slam the attorney general on twitter. >> that has been a surprise to us. the other thing he has not done is tweet economic data. scarlet: we're applauding him for not breaking economic data? ok. just wanted to make that clear. joe: do think the fed has capacity to withstand it? fed is not just one person or the board of governors. there is a professional and powerful staff at the division of monetary affairs, and there are a dozen district banks. the president's get a vote every couple of years. a complicated shift. it is not just one guy. julie: we have to wrap it up. thank you for that. thank you for joining us. scarlet: that does it for "what'd you miss?" joe: have a great evening. this is bloomberg. ♪ ♪ president trump going for a tougher immigration measure following tuesday's deadly terror attack. wascials say the attackers from quebec a stand and came to the united states legally and 2010. >> we want a merit based programmer people come to our cou

. >> good morning, julie and jon. according to the "new york post" the swift action came after a female nbc employee complained to the human resources department on monday night that lauer had sexually assaulted her during the winter olympics in 2014. the evidence was so compelling lauer was fired last night and she has evidence this has happened to other women. "the new york times" is reporting this morning that the woman spoke to them on monday but wasn't ready to go public with her story. the times also reporting that the woman and her lawyer met with the hr department and nbc's legal department in a meeting that lasted several hours monday night. as you mentioned nbc says it never received a complaint about lauer in the more than two decades he worked at the network. several news outlets, including "the new york times" and variety were working on store aoefs about his alleged sexual misconduct. his co-anchors reacted to the news on the "today" show this morning. >> we're grappling with a dilemma that so many peopl

julie: i am julie hyman.t did not last long -- hours after surging 11,000 -- past $11,000, not just $11,000, but past $10,000 and an $11,000 in one day, it tumbled almost 20% from the high and wiped away almost $2200 from his pricing 12 hours. abigail doolittle joins us with more. bitcoin, in the grand scheme of things, is not that important in terms of its importance to the mobile market in the but it is stuff like this that keeps drawing us back in. market, but it is stuff like this that keeps drawing us back in. anywhereyou cannot go without hearing about bitcoin. it is an interesting question to ask, especially when you look at this intraday chart, as we were 10,000, up above 15%, and down 16%. huge volatility. theair traffic or was at conference, and investors said bitcoin is less volatile than twitter and crude. that was before today. i do not know if that will hold true after today because that is certainly a big swing. the other question to your point about the big hype we have around bitcoin, is this

julie: "what'd you miss?"in has gone from hollywood movie financier, regional banker, to the signatory of the almighty dollar. today to seer production of the new one dollar bills. the new bills are scheduled to go into circulation. scarlet: the photo with him and his wife and the wife with the glove, it is just about the perfect photo. it is really something. scarlet: it has gone viral, hasn't it? julie: i was not looking at him nor the dollar bills. scarlet: anything with his wife has gone viral. julie: they look so happy. just go on twitter and have a look at what people are saying. bill comesen that out, we will be all collecting our version of it. of the trump administration, according to the bloomberg alien heirs index, net worth is down from $3 billion, after bloomberg determined figures he provided could not the independently verified. this follows the forbes report that says wilbur ross inflated his fortune to the media for years. before he joined the trump administration. scarlet: $860 million is sti

a sign that you've made it. >> julie: they haven't made fun of me there. >> jon: just wait. >> julie:urderer charles manson is dead at 83. manson and his family of followers were behind a gruesome murder spree that left seven people dead in 1969. his most famous victim was sharon tait 8 1/2 months pregnant at the time of her death. we're live in los angeles with more. >> manson was a felon and celebrity. the crimes he committed shocked the country but also fascinated viewers. his life was bizarre, crime was a mystery and his trial was pure theater. actress sharon tait was pregnant and manson's cult hogtied her and stabbed her 15 times. they killed two more the next month. manson collected this group of drifters and runaways and young woman in the counter culture 60s, committing petty crimes to support a lifestyle of drugs and mandatory group sex. small and scrawny himself, man son's intellect and charisma overwhelmed his followers who committed the murders on his behalf. under state law all five including manson got the gas chamber. the sentences were reduced to life when california o

julie? julie: eastbound 66 is already troubled with a ration centreville. lanes are open, a 34 minute ride from manassas inbound toward centreville. and then the pace improves. the blue line is single tracking between addison and the silver line. this is due to late clearing track work. that is our traffic watch. back in 10 minutes we will update the -- the ride and 66. -- on 66. bus driver,ool un >> you are watching "good morning washington," on your side. adrianna: back on the air with breaking news for you. k-9 units are on the scene of a man hitting cars with his vehicle. we know that this is happening in northeast. the suspect also hit a squad car. this is apparently men going on least 45 minutes now. john gonzalez is on his way to the area as we speak. larry? larry: a search for survivors, nearly 500 people are confirmed dead, it's the deadliest quake this year. over 7000 people were hurt in the quake. while the worst of the damage appears to be in iran, there are fears that a major dam could fail. >> it was going to be rough it was bad. bad bad. terr

hi, jonathan. >> hi, julie.he moore campaign says it continues gathering evidence to contradict those statements from moore's accusers in an interview with scott beeson, the conservative talk show host, asked moore whether he was considering legal action. listen. >> talking about the "washington post," talking about the women involved, you know, it takes time to develop a case and file a case. you just don't file a case without proof. we're getting proof. we're getting things. >> these allegations have changed the dynamics of the race that should have been an easy win for the republican in this solidly red state. before the controversy, analysts say democrats had planned to make a strong effort in alabama, part of a national strategy to recruit solid candidates, regardless of their chances of being elected. >> doug jones was just going to demonstrate how well an alabama democrat could do, most people expect heed would fall short. given the allegations against roy moore, that does inject some uncertainty into the

[laughter] julie: and no one is going "are we there yet"? [laughter] julie: i'm waiting for that.ar the rest area near the mainline lane. a 22 minute drive up from quantico. once we get north of where you guys are, the pace improves towards a springfield. on the outer loop of the beltway the crash is reported in the left lane, a 21 minute ride headed west, sky track 7 there above the accident. this will be a long movie drive where we have traffic getting by each way. next 10 minutes with another update on your ride in silver spring. all of that rain has moved out of the area for now, right, vj? that's right. and in most areas east of dcu have got lower 50's in annapolis. as far as the rain goes, fredericksburg and stafford, hanging on with sprinkles and light showers but another hour before it's all gone. and temperatures getting up to 52 degrees. around 50 right now, it's not going to move much off the mark. weather for traveling today, tracking much colder conditions for tomorrow. high temperature for turkey day, 45 degrees. if you and your family are the sort that wants to get