quinn, how is your railroad doing with ptc? >> only a portion of the corridor that is in the state of massachusetts is required to be ptc compliant. according to my colleagues at amtrak, they believe the mbta is going to be able to meet the deadline without interruption to service. >> what about other railroads that you operate with in terms of ptc? is there a significant need for money and are they aware that it might be available? >> thank you, senator reed, i think there is clearly room for investment in ptc implementation, primarily across the commuter railroads and smaller railroads. i'm not able to give you an estimate of how much is required, but certainly, chrissy funding provides, as you said, a broad opportunity for safety investment. we have reached out to partners like ms. quinn to look out for opportunities for partnership between the state and amtrak to go after those investments, so we can improve our system. we are anxious to do that as we can. >> this date of repair of the rail, it is a safety concern. can you

miss quinn. my final question has to do with a comment that you made which i thought was very startling. you said there had been 18 accidents involving the downeaster over the years and not a single one of them had been the fault of the train. we've learned a lot in looking at rail safety about the role that is played by cars or passengers ignoring the grade crossings or just wandering on to the tracks and in rural areas. could you talk a little bit more about what we could do to increase the safety of those passenger -- not passenger but rather trespasser and violations that are responsible for the vast majority and in your case, every single one of the accidents. >> yes, and thank you for the questions, senator collins. i think that there are some common sense kind of low tech thing th things that we can have implemented and again the state of good repair funding that is provided will have us work towards these, and first is the maintain the crossings that were there, and many of them had the c

my name is patricia quinn. we're a quasigovernment agency based in maine that was performed for the purpose -- in the late 1990s, for the purpose of restoring passenger rail to maine after a 30-year hiatus. those efforts were successful and since 2001, we worked in partnership for amtrak. as a little little background, the downeaster makes five round trips between portland and boston. three of those extend to brunswick. we operate over a route corridor that runs through three different states and serves 12 communities. we transport about 505,000 people a year, that i'm pretty proud of given the fact that our state as $1.2 million. since we started operating, we transported 700 million. and a lot of economic development along the route. so it's very important to us. in addition to being the director, i also serve on a couple committees and organizations that i'd like to highlight today and are relevant to this conversation. the states for passenger rail coalition which is a membership organization in the state a

in our world headquarters in new york city, i'm vonnie quinn. this is the european close on bloomberg markets. vonnie: here are the stories we are covering. trouble for hershey. an unprecedented -- entering the throes of the full-blown currency crisis. then, deutsche bank on the retreat. from equityull markets around the world, including some in europe. including 10,000 job cuts. president is set to meet with the law profess being pushed by populists for next prime minister. that is all in the next 16 minutes. caroline, what are equities doing? in the last few minutes, 30 minutes of trade, we are seeing a down day. the worst day we've had in the stoxx 600 in more than two months. more than 100 billion -- in terms of market capitalization, all to do with what we've talked about in the headlines. isck out how the dax performing after seeing the german weakness and growth. above, italytly trading on the back of political concern -- individual stories coming out on the banks. we started the day with the report on barclays, a potential tie up between

vonnie: i am vonnie quinn. this is "bloomberg markets."clusively with bloomberg at the global solutions summit in berlin. >> i know that the italian pro-european.y it is the country was at the founding of the european union, and they are always forcing development of progress, so i think we could be optimistic about new governments, something the more not change pro-european approach of the italians. >> will this impede on progress in europe? macron wants to get this project ahead. is this possible to get real substance together? support president macron, the idea that we need progress and urgently in the european union and worked very hard to get the progress, and i think there is still the chance with what is coming from the last meeting in brussels, where they found a way to decide upon the next steps for the union which is important for the european future. it may be a scene -- a sign for the progress. on wants to build something like the rescue fund. is there leeway to do this? would you support it? mr. scholz: now is the time where w

this is bloomberg. ♪ ♪ york, i ame from new vonnie quinn. live from london, i am mark barton counting you down to the european close in 15 minutes. elliott management beating out vivendi to take control of the board of telecom italia. governance.re what were the opposing visions, vivendi versus elliott? what were they peddling when it came to different philosophies? >> when elliott first disclosed its stake about a couple of months ago, it was stressing the fact that, number one, telecom italia share performance under the stewardship of vivendi has not been great. they felt that with more independent board, they could extract more value. ,hat would probably involved according to them, shifting strategy, perhaps doing asset sales. and figuring out a strategy for the sale of the phone carriers grid. -- fixed line red. -- grid. how much of a bone is this to the biggest shareholder of vivendi? >> vivendi is the biggest shareholder of telecom italia. it has slightly less than 25%. now, they have had control of the board. we are in a situation wit

vonnie: in new york, i'm vonnie quinn. this is "bloomberg markets."long short equity from where returns to say the least have been challenged. gavin walt disney head of americas of america's alternative investment strategy team at aberdeen standard investment. bloombergited to have hedge funds and investing reporter for the conversation. >> thanks for having me come thanks for joining -- we wrote a story a couple months ago about the branding of hedge funds. your unit hasn't always been called the alternative investment strategies unit. be called hedge fund solutions. could he talk about the name change? darren: we are invested in diversifying and strategies for 20 years and it has become increasingly challenging to categorize hedge funds. first, individual hedge fund strategies, avid equity, hedge funds to private quie credit. it is difficult and the lines between different strategies are blurring. we as a hedge fund team invest in reinsurance strategies, alternative credit, strategies that are certainly diversifying relative to stocks and bonds. i w

vonnie: from new york, i am vonnie quinn.his is "bloomberg markets." it is decision day for the fed. the central bank not expected to raise interest rates today in spite of inflation hitting the target on the ecb. a bloomberg by intelligence rates strategist. to some extent the fomc decision was the lesser of the events. >> it seems that way. the announcement that the treasury department will be issuing more bonds is not a surprise that they are issuing more bonds, but it gives detail as to where they are issuing more bonds. they will be issuing more t-bills in the future. now they say they will issue $3 billion more in two-year notes and three-year notes will they keep on issuing many more two- and three-year notes. vonnie: this will flatten out the curve because the 10-year yield back to down and the two-year's backup. -- back up. ira: i think curves generally will continue to flatten, and supply is part of that story from a relative value perspective. what the fed will do is more important from how dramatically and quickly

vonnie: i'm vonnie quinn. shery: welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories that we are following. u.s. stocks are getting a lift. a stronger u.s. dollar is crushing emerging markets. the trading disputes truth sending yields higher. treasury auctions on deck. truth, the u.s. will not impose tariffs on china for the time being after two days of talks. china's population control policy could be coming to an end. what scrapping the controversial birth limits will mean for the country's economy. with that, we are half way into the monday session. lots on the move. julie hyman is here to tell us. thee: the trade truce is catalyst for today's gains. we should caution that this is not all said and done. this was on earlier morning talking about markets and market participants, realizing this will be an and thenegotiation sentiments will likely shift multiple times. the sentiment is positive today. seen industrial companies have a lot to gain, if

i am vonnie quinn in new york.e is holding its annual developer conference in mountain view, california. we will be looking for announcements in a.o. i. what are you looking out for? we will see a lot about artificial intelligence. stage withing the its digital assistant which is on all of the android phones and they are trying to spread that too smart speaker and devices. we will look at how they will address the privacy and data collection backlash. probably speaking on the responsibility in use and trust in safety measures as well as trust around their ai. open aboutl they be everything that is coming? big show for developers. in prior years, google introduced their first assistant. and put out some big cloud ai. they get granular later in the week. the keynote is more of a public show. this is the narrative they want to present. this is what we will see a lot of focus on. consumers and the public can trust google with their data and privacy. when itere is google comes to data systems? i know it says it is more

bonnie: and i and vonnie quinn. this is the bloomberg european close. mark: here are the top stories we are covering from the bloomberg and around the world. executive is forced to distance himself from the controversial comments about slavery. and the president's men arriving in beijing for trade talks as its stance, and u.k. prime minister theresa may faces a crisis. a cabinet of brexiteers outdone her on the plan. taking a look at european equities today, gmm highlighting the big moves we are seeing in equities right now. the biggest decline since march 23 for the stocks. look at these declines. we have seen the entrenchment occur in the last hour or so. reese's 2% lower, sweden down by 1.6%. you get the picture. this is the currency board. sterling is falling once again. it was rising earlier. it is all in once again for the seventh consecutive day. we have not seen these sorts of losses for sterling since december2006 teen -- 2016 -- 15, excuse me. we are seeing bond yields decline, and cds is were final two columns there. investors are moving

. ♪ vonnie: live from new york and washington, d.c., i am vonnie quinn.mk: live from london, i mark barton counting you down to the european close. vonnie: more on the breaking facebook stories. shares returning to the pre-cambridge analytica prices. this after house democrats on committeedemocrats released thousands of russian-backed facebook ads. there were many ads and some of and hite very emotive on hot button issues. lawmakers claim the material wass russia's main goal discontent in the u.s. we are joined by kevin cirilli. we were expecting these, but there was a lot of graphic material that may not necessarily have been what people were expecting. kevin: two things are the big takeaway. the release of these ads confirms what intelligence community officials have said now for more than one year. the second thing this gets to is the type of debate being had right now within silicon valley circles and washington circles about the limits of free speech, particularly as a new regulatory landscape appears to be on the horizon for big tech companies like

vonnie: and i'm vonnie quinn.uropean close on bloomberg markets. ♪ mark: here are the top stories we are covering from the bloomberg and around the world. the iran deal fallout. president trump's decision is affecting companies in the u.s., europe, and around the world. and deutsche bank considers sweeping cuts that could result in the firm losing 20% of its u.s. staff. and burberry sings the blues. a major shares after investor sell his stake. here is what is happening in european equities. we are 30 minutes away from the end of the session. what thentemplating trump decision in hereon means thecountries across european spectrum. stocks are rising for the fourth day, the best day since march the 12th, gh

. ♪ vonnie: i am vonnie quinn in new york. this is bloomberg markets.eadlines on goldman sachs -- some moves for goldman sachs. the trading co. heads based in london -- goldman releasing the news in an internal memo. the co. heads of trading will step down in june crude we will bring you more as we get it. u.s. and china signaling desires to avoid a costly trade were, president donald trump offering a lifeline to china's beleaguered telecom giant zte. we are back with ian bremmer is this reversal on the part of resident donald trump or reaction to the -- president donald trump or reaction? is a shift. it is interesting to see that tweet that came from trump yesterday that he said he was concerned china was losing far too many jobs by him basically bankrupting zte. the back oft run on creating chinese jobs, so i think he might -- he would like to take that tweet back if he could redo it. that was a little shooting from the hip. but it has been clear trump wants to find a deal with the chinese on trade. secretary nugent -- mnuchin was sent. china sent the

from bloomberg world headquarters in york, i'm vonnie quinn.ine: live from european headquarters, i am caroline hyde. this is "bloomberg markets." let's check in with "first word" news now. taylor riggs has more. taylor: china is willing to compromise on trade, according to people family with the plan. it will cut the import duty on passenger cars from 25% to 15%. that could be seen as a concession from beijing to presidential. it will be a boost to foreign luxury automakers such as bmw because less of their production has moved to china. there is a report that the u.s. and china has agreed to resolve the seven-year ban on a telecom maker zte buying american technology. according to "the wall street journal," the details are being worked out but they would involve changes to management at significant fines. secretary steve mnuchin mnuchin is speaking in the senate right now. he says the u.s. will enforce national security when it comes to zte. south korea is so confident there will be a summit between the u.s. and north korea. the national secu

vonnie quinn full of surprises.st the way she dealt with the german italy yield spread. vonnie: mark, you do this to me every time. mark: christine, shocking us with a broken ankle, by the way she is back to jazz dancing, back in the game. two brilliant charts. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. mark: i'm mark barton in london. time for the bloomberg business flash. a look at some of the biggest business stories in the news bright now. soaring, trading in the dutch-based cable and mobile service provider were more than triple the 20 day average from the telecom regulator told the newspaper he is more open to deals. others altice and regulators are better financial say -- shape. the largest bank in dubai has agreed to buy -- bank's unit in turkey. in marketspanding like turkey where they face limited expansion opportunities at home. spencer's plans to close more than 100 stores in the u.k. by 2022. changing the part of its previously announced plan to reduce the space. the chain has mo

vonnie: in new york, i am vonnie quinn. this is "bloomberg markets."ine: the milking institute global conference is in full swing in beverly hills, california. let's go to erik schatzker standing by with a key voice in multi-asset investment management. erik: thank you so much. i'm here with paul hamill, the head of fixed income at citadel securities from one of the largest firms in treasuries and swaps. paul: morning, erik. erik: how focused are your clients on what others say it is the key threshold of 3% yields? paul: very focused. rates are part of our fixed-income business. it is a very important psychological number. most of what usually is what it -- most important is what it reflects. continued momentum, continued confidence in this momentum story. but the thing to watch is how gradual inflation will come through. we have seen some recent numbers that suggest it is very gradual, a smooth entry point. of course, the 2% number has been out there for a while. people are calling for the $2.75 to $2.85 ratio. this change at all as the 10-year purcha

vonnie: in new york, i am vonnie quinn. china hitting back at donald trump's plans for tariffs, saying it damages america's standing 10 days after a joint statement by the u.s. and china saying the trade talks were on hold. kevin cirilli is live at the white house. kevin: i hear china is trying to coalesce countries to push back against president trump's trade policies. the president earlier proposed a 25% tariff on $50 billion worth of goods, including imports from industrial significant technology. the final list will be published by june 15 and investment restrictions could be announced by june 30. i spoke with a sorts who talk to the white house -- source that talked to the white house and he said this is part of a broader push for the administration to take and more aggressive stance against china. wilbur ross set to visit china this weekend. the chinese do not like this. a quote from their foreign affairs minister said, "every flip-flopped in international relations the police a country's credibility -- depletes a cou

. ♪ ♪ vonnie: from new york, i am vonnie quinn and am joined by my cohost caroline hyde.s is bloomberg markets. , theve breaking news senate judiciary committee released transcript related to the now infamous june, 2016 trump terror meeting which included that russian lawyer. kevincerilli.y will be some time to go through but is it expected that anything new will come out of these transcripts? morning, the transcript of donald trump, jr.'s meeting from 2017 where he met with senate judiciary committee stay for being made public this morning, more than 2500 pages. at the core of this is a june, 2016 meeting that donald trump junior talk with then campaign chairman paul ryan apart and a russian lawyer. according to this meeting, donald trump junior told investigators on the senate judiciary committee that she had proposed that she might have political dirt on democratic presidential nominee hillary clinton. but he told investigators that i did not allude with any foreign government and do not know of anyone who did. he was skeptical of the meeting and told investigators tha

. ♪ i ame: live from new york, vonnie quinn.ark: live from london, i am mark barton counting you down to the european close in 15 minutes. investors struggling to make sense of fluctuating trade talks between the u.s. and china and political strife from turkey to venezuela. joining us now is lupin rahman in pimco europe who joins us from london. thank you for joining us. , i show the lira implied volatility for the next week. highest level since the crisis and the worst week for the lira since the crisis 10 years ago today. we had more measures today allowing exports to repay dollar denominated loans in the local currency. it does not seem to have stopped the route in the currency. what can be done to re-engender confidence in turkish assets? >> the government needs to do quite a few things, being that confident. the start of the process was the central bank hiking, behind the curve previously and a reactive finally. going forward, we need to see more consistent policy from the government. have fiscal dynamics return more on con

this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. mark: i mark parson.european "bloomberg markets." vonnie: tesla will offer an upgraded model three for $78,000. this came up pretty out of the blue, right? >> well, you knew there would be a dual motor version. equivalentnly is the of all-wheel-drive comeau which helps customers in the northeast and some areas that might get implement whether -- all-wheel-drive, which helps customers in the northeast in some areas that might get implement weather. we saw that coming eventually. vonnie: at the same time, we didn't know necessarily that it was going to be more than twice the price. what do you make of the price tag? >> what is interesting is it starts to push up against the sedan which really hasn't been redesigned since it was introduced in 2012. you could have a little bit of cannibalization of the customers in that price range. at the same time, it pushes those deposit holders that were banking on the $35,000 vehicle probably well into 2019, maybe even later. the idea that there will be an affordable ele

york, i am vonnie quinn and this is the blue -- european close on bloomberg markets. nejra: here are covering from the bloomberg and around the world. italy's populist leaders push the president for a massive shot of public spending to boost the economy as they debate over the next prime minister. president trump had a lifeline to a big chinese company ahead of key trade talks in washington. deadly violence breaks out in gaza as palestinians protest the u.s. embassy move to jerusalem. we are about 30 minutes from the close of trading in europe. julie hyman will be coming up with the u.s. market check later let's take a look at european markets. seeing the stoxx 600 a little bit weaker. and bit of a mixed picture here. seeing quite a bit of green but the benchmark overall, the stoxx 600 is down 2/10 of 1%. dollar weakness is playing through in the fx space in the form of a stronger sterling, up 4/10 of 1%. that 1.9.rade at 1.9.eneral -- trades that is how we are looking come across asset here. take a look at what is happening in the 10 year bond yield -- bund yield. af

. ♪ vonnie: live from new york, i am vonnie quinn.ingm mark barton down to the european close in 14 are -- in 14 minutes. the chief barclays executive find by regulators for his attempts to unmask a whistleblower. deutsche's doldrums, anxiety growing as -- growing in the u.s. as the bank considers cutting staff in that region. the world's oldest bank is back in business. first-quarter revenue beats estimate. here to blanket debt -- your to break it down is bloomberg banking reporter stephen morris. is there a sigh of relief? it could have been worse. out he was not going to lose his job. insaid the regulatory fine pounds was about $640,000 and the bank took another half million out of his paycheck. this is a very wealthy man. he is not going to go hungry after this but it certainly relieves pressure surrounding barclays which remember also has an activist going after its investment bank. mark: on the issue of compliance, does this deter future executives from trying to identify whistleblowers? stephen: at this level it is not really a

quinn said. also, with michael flynn. and you remember that michael flynn was involved with a consortium to try and build nuclear power plants in throughout the middle east that would require the trump administration to wave sing s-- sanction, and he and michael flynn and other private businessmen were working tolt on this plan, and there are some strong insinuations that during michael flynn's 24-day tenure that he attempted to move the plan forward using the position at the time as national security adviser. so it is seeming to me that most likely as mr. quinn said that moo mueller's prosecutors are most interested in speaking to tom barrack for the ties to paul manafort, but he is involved and enmeshed in this investigation and the separate lines of inquiries in different ways. >> and jack quinn, we are going to the virginia courthouse that you have seen the transcripts or the excerpts of what we have seen from judge ellis in the course of the proceedings and this is a little bit of what he had to say. he said that he

andie: i am vonnie quinn this is the european close on bloomberg markets. ♪ mark: here are the top storiesrom the bloomberg and around the world. the brexit war cabinet as the next round of talks in brussels. can a trade war be averted? the latest talks between the u.s. and china. the protÉge overtakes the .aster european equities 30 minutes away from the wednesday session with stocks rising today after the public holiday yesterday closed most of europe. advanced.ading the highest level for the stoxx 600 since february 2 as investors await the outcome of the fomc meeting with currencies falling against the dollar. euro down by a third of 1%. yesterday falling below the 200 a moving average for the first time since before the french election. rising as they are in the u.s.. let's move on and talk about amf. , the biggest increase in three months with apple iphone sales alleviating the slowdown concerns that have been driving down apple's earnings. ams shares slumped after an apple supplier caution on negative operating margins. it is making up for that lost today. the world's biggest maker

york, i'm vonnie quinn. this is the european close on bloomberg markets. nejra: deal dilemma. european leaders debate the future of the iran nuclear accord. angela merkel saying it's not right to walk away. to walkrea threatens away from meeting with president trump saying the u.s. demands are one-sided. and italian bonds bashed. populist parties seek a debt write-off of billions of euros. let's take you through all the market action in europe. we are just under 30 minutes of the close. but have a look across asset at what's happening. it is up .2%. in botheen struggling directions. one of the big underperformers is the ftse. down 2.3%. arere hearing that they close to forming a government but how seriously can we take that. this report that has been confirmed from a lawmaker from one of the parties that they will be looking for this debt to the tune of $300 billion from the ecb. no comment from the ecb on that of course. it can't legally directly help any european countries. greece also getting a little bit punished down 1.4 percent. the euro hitting a fresh 2018 low. euro-do

reporter patrick quinn has the story.1 call: "i got attacked by a mountain lion my friend is up there."you can hear the distress in the 9-11 call from isaac sederbaum, after he and s-j brooks were attacked by a cougar natsot / 911 call:"i'm so worried about my friend," the two were mountain biking near snoqualmie saturday.isaac ran to find service. at one point he handed the phone over to a passerby who talked to dispatchers. natsot / 911 call: "is he conscious right now? he's conscious, yeah, he's got some pretty serious lacerations on his face and head."32-year-old seattle cyclist s-j brooks was killed in the attack. wildlife crews, including brian kertson, rushed to the scene and killed the cougar. shown in the middle, kertson has studied cougars for nearly 20 years he told me the 3-4 year old male cougar was 30,40 up to 80 pounds underweight when it attacked. brian kertson, state dept. of fish and wildlife: "most of the ones that i have seen that have looked like this they were dead."kertson has tagged nearly 200 coug

mark:vonnie: from new york, i'm vonnie quinn. mark: a look at some of the biggest business stories in the news right now. health arescene searching. elliott management has offered to buy the company. an online platform doctors use to manage practices. elliott took a 9% stake a year ago. to cater pharmaceutical is on the verge of its biggest acquisition yet. according to people familiar, to buyr pass near agreement to shir wanted an increasee in the cash component of the deal. vonnie: shares of tesla are starting a week higher. call.onventional earnings elon musk -- gave youtube or galileo rustled his 23 minutes of fame. more products the technology focused questions. he joins us now. tell us what most of your time is spent on. >> i am the founder of hyper change tv. a financial noose start up. -- financial news start up. vonnie: he got elon musk's attention. up --l: i set representing over 20 million worth of shares to get a voice for retail investors on a conference call. bunchd sourced the of questions from viewers and subscrib

i'm vonnie quinn. >> and from london, i'm caroline. bloomberg markets. ,> the biggest discount airline having its best day since october, 2017. even in the middle of a slump for the first time in five years. rising labor costs and fuel prices could hurt his misses. the ceo spoke to anna edwards in london. >> we are well hedged for the next 12 months. we are 90% hedged. that, currently, spot prices are up to $80 per barrel. i think is going to lead to a significant shakeout as early as this winter. some of those airlines who could not make money when early -- when oil was $40 barrel, certainly camped by this winter. that,te and speed of shakeout, which would determine future earnings, for the moment, we are being pessimistic on pricing. we are assuming nobody disappears this winter, which is probably unrealistic. but, there would be above average capacity growth in your for the next 12 months. we think fares will be flat. contrast with most of the industry, who are predicting most -- more optimistic, cutting for future airfare increases

i am vonnie quinn. shery: i'm shery ahn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here of the top stories on the bloomberg and from around the world we are following. cbs and some their media is comeg aim at redstone escalating a long-standing fight over viacom. the stocks edge higher as yield edges back toward 3%. trade tensions between the u.s. and china showing signs of easing. wall street is on the move. we will tell you where the biggest banks are finding greener pastures. all that to come in the next 30 minutes, first julie hyman is with us. we are halfway into the trading day. julie: a lot of individual corporate stories overall and we are seeing a little bit of a good back coming off the highs of the session for the major averages. we are still seeing strengthen technology however as well as health care. we are also watching the bond market. an interesting measure here that has flipped for the first time since 2008. it is the s&p 500 dividend yield was is the three-mont

zoe quinn is an amazing woman. for victims of abuse online for social workers and the crash offered these practical tools on how to combat this kind of abuse. it wasn't about anti-semitism. in the first year crash override have a hotline. they personally handled more than a thousand calls she personally couldn't do it all herself. it was just killing her. so what would it mean to zoe our countless victims out there if jewish wherewithal were push behind. we actually did practical things to combat what's happening. online. in a society where intolerance and hatred and just plain nastiness are suddenly far more tolerated it is just one of many wars attacks on immigrants racism we are all in this together. over 2016. that is a largest single year jump in record and that came after another big jump in 2016 during the campaign. that was more than matched which was 57 percent. and where jews were reporting taunts in disruptions and spray paint and whatever some americans are actually being killed about the girl who was b

. ♪ vonnie: live from new york, i'm vonnie quinn.: and live from the city london, i'm mark barton, counting down to the european close. vonnie: disney shares are lower after reporting results, and much of the talks are around disney's deal to acquire much of 21st century fox. we are joined now by an analyst with colin. we can talk about earnings. there is so much to talk about soautumn line, topline, and many good things about earnings. but what anyone wants to know about is can bob iger pull this rupert murdoch still want a disney-fox merger? >> that's the question. in some ways that is a little unfair, disney has been executing magnificently on the business, but you have this huge deal sitting out there that was locatedcompensated --, due to regulatory questions, and now it is even more complicated because comcast might come back with another bid. this makes it difficult to have a strong view on shares here. so what happens next yeah go obviously, bob iger is talking as if the comcast bid never even happened. he is carrying on as i

vonnie: from new york, i am vonnie quinn. this is "bloomberg markets." u.s.ebounded in april. the unemployment rate fell to 3.9%, its lowest level since the year 2000. but there are other things in that employment report, as you would hear from michael mckee, international economics and policy correspondent. he is live at the hoover institution monetary policy conference at stanford university, and he has a key voice with him on the u.s. economy and the fed's perspective. michael. michael: thank you, vonnie, and nowre with kevin warsh, assisting with fellow in economics at hoover. i got to ask you, 3.9% unemployment, but on a year-over-year basis, wages go down. what does that tell you as a former policymaker about inflation dynamics? kevin: welcome to hoover, mike, great to have you here. the economy is strong, that is what it tells me. the economy continues to have some acceleration, have some positive momentum. 3.9% unemployment rate is strong. on the wage front, we are not capturing the underlying trends in wages. wages are moving up in the u.s. some of t

near snoqualmie, patrick quinn, komo news." (ken) that was patrick quinn reporting.survived the attack and he is now in stable condition. (pam) amazon's facial recognition technology is getting a lot of attention ... for privacy concerns. dozens of organizations signed a letter to jeff bezos saying, the tech giant's marketing of this technology to police officers.... can mean people could be identified and tracked in real time, whether they are involved in crimes.... or not .. david rogers, the executive director of the american civil liberties union of oregon ... compares the potential use of this technology ... to the n-s-a's collection of people's phone records. and he says, use of the technology will grow faster than the ability to regulate it. <"in this political climate, to be clear, it's not a stretch of the imagination to see this being a tool used to round up imimgrants, to target activists, and to surveil entire communities">(pam) it is unclear how many law enforcement agencies have purchased "rekognition," but amazon's list of customers shows... the "washi

. >> supervisor ronen: today i have an in memoriam for brian quinn, who passed away a couple of weeks ago. i want to acknowledge that brian's sisters are here in the audience as well as many of his colleagues and former colleagues from the department of homelessness and supportive services and i just wanted to thank you, all, for coming out today in memory of brian quinn. for more than two decades, brian has been a tireless advocate for those experiencing homelessness. brian has held many positions with homeless services and housing including case management, asset and property management and overseeing the city's expansion and navigation of centers. brian was not the type of work that left work at the office. 7 was always working and always working to connect people with care. brian overcame adversity in his personal life and harnessed it to a passionate commitment to help those in need for the basics of survival, starting with the very basic, shelter. he was deeply driven and committed to getting people into housing and keeping them housed. it was not just his job, but it was really

quinn is out.ving a few more details about robert mueller whose investigators contacted at&t about their relationship with michael cohen back in november and december of last year. stephenson says at&t has cooperated fully with the special counsel. david: might not have been illegal but certainly a little swampy. that is the bottom line here. adam, thank you very much. did you ever see the movie, "thank you for smoking"? melissa: it was about lobbyists. david: i encourage you to watch it over the weekend. it's a great movie, written by christopher buckley, bill buckley's son. "thank you for smoking." you will love it. melissa: israeli prime minister benjamin netanyahu says iran crossed a red line. will the violence continue to escalate in the middle east? ♪ mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved

bonnie: and i and vonnie quinn. this is the bloomberg european close.e the top stories we are covering from the bloomberg and around the world. executive is forced to distance himself from the controversial comments about slavery. and the president's men arriving in beijing for trade talks as its stance, and u.k. prime minister theresa may faces a crisis. a cabinet of brexiteers outdone her on the plan. taking a look at european equities today, gmm highlighting the big moves we are seeing in equities right now. the biggest decline sie

asian development bank and would distinguish itself by resisting bureaucracy and corruption mr lee quinn also repeatedly emphasized his view that while the b. and the one belt one road initiative are both chinese proposals belton road is a chinese led initiative will be is can see it as a multilateral development institution. russian president vladimir putin freshly sworn in for a fourth term on monday says he plans to make russia one of the top five global economies by twenty twenty four russia's economy currently ranks twelfth incised analysts say the russian that russia's economy would have to increase by fifty percent to achieve the goal mr putin will also face some added difficulty with such an economic expansion given the troubles of recent years including economic sanctions and a recession. in two thousand and seventeen russian gross domestic product g.d.p. grew weakly at one point five percent still it is a nor girl address at the kremlin on monday president putin called for a modern and dynamic economy and later signed a decree prioritizing technological development manufacturin

vonnie: i am vonnie quinn and this is bloomberg markets.ement retailer shares are surging up 9.5% right now. abigail doolittle is with us. >> pretty amazing. stocks were on pace for their best day since 2018. they missed red across the board and in fact talked about the worst rain and snow in 12 years and we can attest to that. the bright spot is the weather today. they are talking about may being on track. we can see why that is important. these are same story sales. using the earnings analyzer, we can see back in 2014, they almost got to 10%. the last time, all the way back .n 2004, pretty much every day they are trying to get back into that arena. they are so strong that they will make up for the quarter of,s mix, and speaking stepping in as the new ceo, a piece of this, they had the , retiring back in march under pressure to make changes. there was pressure to really turn that ship around. >> what else to they want? >> they would like to see marvin do what he did at home depot. he was there for 12 years and helped bring about operating

christine quinn. thank you very much.anks to matt makoviak joining me from texas. >>> sunday services remembering those lives lost in the latest school shooting. we will talk with one of the student survivors next. kyle: mom! mom! kyle, we talked about this. there's no monsters. but you said they'd be watching us all the time. no, no. no, honey, we meant that progressive would be protecting us 24/7. we just bundled home and auto and saved money. that's nothing to be afraid of. -but -- -good night, kyle. [ switch clicks, door closes ] ♪ i told you i was just checking the wiring in here, kyle. he's never like this. i think something's going on at school. -[ sighs ] -he's not engaging. i think something's going on at school. want in on the secret to ageless skin? take the olay 28 day challenge. millions of real women see results starting day 1. there is not a friend that i have, that will not own this product. visible results or your money back olay. ageless booking a flight doesn't have to be expensive. just go to priceline

quinn cook - - quinn cook was wide open. they couldn't get it to go.ance to get in the lead. but no. a play everyone will remember. draymond green loses the handle. the coach insists that they are not concerned. >> you keep going and playing. you will get a chance to tie the series at home. it is a good position to be in. need to win a couple games. >> the worriers did catch a break. chris paul tweaked his hamstring. he has already been ruled out for game number six tomorrow. this is a huge blow. >> this is obviously not something that we wanted. we will be ready. >> the worriers - - the cavaliers are facing elimination at home against the celtics. game number six, eastern conference final. kevin love knox heads, now in concussion protocol. and lebron james had 25 in the first have here. cavaliers take the 1-1 lead. later cut defense into offense. they manage the steel and they get it to jeff green as part of the 20 oh four run. third quarter we have lebron james and julian brown exchanging pleasantries. in the end, lebron james had the final word. he