i'm shery ahn.ry: this is "bloomberg best" and i'm shery ahn. earnings season kicks into high gear this week. although deutsche bank won't release results until next week, the lender said monday it expects profits to beat estimates by a wide margin. it sent shares soaring and took pressure off the bank's new ceo. >> this is the news he has been waiting for. they need to move quickly. is the timeline sped up for deutsche bank or can he take a more responsible path up to 2020? >> there is still a lot of pressure on him despite the surge today. they are still trading at a very low price. it was about 12 euros when he took over in april. he is still overseeing a decline in share price and investors are still demanding a quick return to profitability. i think there is still a lot of pressure on him to perform and maybe certainly reach the target he unveiled when he took over. >> netflix shares have plunged after the company posted disappointing subscriber growth numbers for the second quarter. should we

it's 1:00 in new i'm shery ahn. vonnie: i'm vonnie quinn. welcome to bloomberg markets. shery: your the top stories we are fault -- here are the top stories we are following. delivers theman semiannual monetary policy report to the senate. correct the fomc believes that for now the best way forward is to keep gradually raising the federal funds rate. david solomon will officially take over lloyd blankfein's role as ceo on october 1. meredith sumpter tells us why the u.s. and china are much closer to a major trade conflict. we are halfway into the trading day. abigail doolittle here with us. we continue to trade around session highs after fed chair powell's testimony. have solid gains for the major averages. the best day for the dow and the nasdaq and the s&p 500 since last thursday. it really does seem to follow fed chair powell's comments particularly around trade. the idea that the fed is not certain what the effects will be. that ambiguity leaving investors with some hope to hear we have these gains for the major averages. it's take a look at an intraday chart of the n

i am shery ahn. westin.david let's go to boston, where bloomberg is pretty new coverage of the second annual boston fireworks spectacular at 8:00 p.m. eastern time. are so excited about this, tell us why, matt. matt: because there is so much tradition here, but also so much new music you will be able to listen to. of course, the boston pops orchestra has done this a long time, given the name in the year 1900 and they celebrate the fourth of july here, with 500,000 people lining the greenway to watch. we are going to have great , andians from my childhood they have been playing around for the last 30 years, i'm a huge fan, and seven you musicians, including a singular singer who who -- a sings that spectacular "fight" tsonga, but we will have rita moreno join us, who plays anita, in the original broadway musical website -- original movie west side story, so we will be celebrating what makes this country special. shery: very much looking forward to that, matt miller, for today in boston and tomorrow. join bloo

shery ahn: i'm shery ahn in new york. judge has temporarily halted deportations of families recently reunited after being separated at the border by the trump administration'zero-tolerance immigration policy. this comes as a federal judge in los angeles also dealt a blow, reaffirming california passes right to pass two of its three controversial sanctuary city laws. been on thest has frontlines of the heated immigration debate taking part in protests in its own city of los angeles and legislation efforts. joining us now is the democratic los angeles mayor eric garcetti. you for your time. first, your reaction to the court decision and what needs to be done next. >> thank you. great to be with you. the decision reaffirmed -- three aom selling on the ground -- broken system that this administration has taken a hammer to. principles of keeping families together and making sure we are full of humanity and abiding by the constitution and so much coming out of washington dc is playing politics with immigration policy, with immi

i'm shery ahn. scarlet: i'm scarlet fu. time for the bloomberg business flash.ook at some of the biggest business stories in the news right now. -- airways is moving to and losses that have totaled three point $5 billion over the last two years. the ceo has shuffled management. douglas took over at the start of the year and he spoke to bloomberg in an exclusive interview. >> this transformation program is about making sure that we've got pace, urgency and excitement in delivering on that. scarlet: shares of u.s. airlines declining today after deutsche bank downloaded -- downgraded the three biggest carriers. they are the most vulnerable to escalating macroeconomic and geopolitical risk. higher fuel prices added pressure to their profit outlooks. that's your business flash update. shery: a chinese court has temporarily banned micron's chip sales as u.s. tariffs on 34 billion dollars of chinese goods is set to kick in on friday. we welcome one of our reporters who broke the story, ian king with us from san francisco. little bit more detailffsgive a on what the dis

i am shery ahn in new york. kevin: i am kevin cirilli in washington.'s get a check of the news with mark crumpton. mark: thank you. president trump is taking to aim at two familiar targets in the u.s., amazon and the washington post. both are controlled by the richest person in the world, jeff bezos. the president says the post is nothing more than an expensive lobbyist for amazon. he says many people believe amazon should face antitrust charges. shares of amazon are following today. a judge in alexandria, virginia, is considering postponing the trial of paul manafort. the judge says it is too late to review evidence produced by the government. manafort is charged with failing to disclose offshore accounts and must also defend against charges that he lied to banks to secure $120 million in loans. in toronto, police say a gunman walked along the street sunday night firing a handgun into restaurants and cafes, shooting 14 people and killing two. the gunman was killed in a shootout with police. the mass shooting comes three months after a driver of a van

shery: i am shery ahn. u.s.elligence agencies are reportedly seen signs of north korea building missiles. ofpons that are capable reaching the u.s. mainland. all of this according to the washington post. trump'spite president assertions that north korea is no longer a nuclear threat. joining us from washington is a senior research fellow at northeast asia, bruce klinger. we have the latest reports that earlier this year, we were talking about north korea dismantling their rocket testing. what is the latest development telling you about north korea's ultimate intention when it comes to the nuclear weapons program? bruce: the report shows the continuing production shows there continuing production, but there were also weeks of images and satellite analysis that they were expanding and upgrading production facilities for missiles, missile launchers, and material for nuclear weapons. the activity itself is not really per se violation of the singapore agreement because no real deal was reached, but it would seem to b

i'm shery ahn in new york. kevin: i'm kevin cirilli in london. have seen president trump defend his summit with president putin in helsinki. he has even gone on twitter this morning saying that he had a great meeting with nato but he even had a better meeting with vladimir putin. expecting to hear from him directly at 2:00 p.m. today. kevin: it's really fascinating to watch the chronology of what has happened at 1600 pennsylvania avenue earlier today. deputy attorney general rod rosenstein was scheduled to be at the white house and he had meetings. he did not meet with president trump. the deputy attorney general having just announced several days ago that 12 russian spies indicted bring charges against them for hacking into the democratic national committee server. then we are also hearing that a small group of house republicans are set to be at the white house to meet with president trump and now sarah sanders is saying the president is expected to make remarks on the helsinki meeting with president putin ahead of that meeting. we will be follow

shery: i am shery ahn.nedrett kavanaugh vice president hands and mitch mcconnell as he made the rounds on capitol hill, holding meetings with senators who support his confirmation. mitch mcconnell says while the expects them up as to grill kavanaugh on his decisions and hypothetical cases, he discourage them from doing so because he says it shows disregard for actual cases and this game for the judicial process. president trump is on his way to europe and says his planned meeting with latimer from maybe that -- vladimir putin may be the least stressful part of history. president trump: so i have nato, the u.k., which has been somewhat turbulence, and i have putin. may be theutin easiest of them all. who would think? mark: his first stop is russell's, or the nato summit could turn contentious. in washington, a federal judge told prosecutors he wants an update next month on the sentencing status of president trump's former national security advisor michael flynn. he admitted lying to the fbi about contact wit

shery: i am shery ahn.rs on both sides of the aisle have questions after the withdent's meeting vladimir putin and they are expected to turn them on his secretary of state. mike pompeo will be put through the ringer this afternoon in a hearing before the foreign relations committee, and bloomberg has obtained a copy of his prepared opening remarks. what is he expected to say? to be a toughted session and secretary of state pompeo will deliver messages on three key areas. first on russia, he is expected to say the president is aware of the interference campaign russia ran during the election and he is expected to also say the u.s. does not and will never recognize russia's annexation of crimea. there was concerns about that heading into the nato and helsinki summits, that the president may trade that away for agreements and some other areas. he will defend nato as an indispensable pillar of u.s. national security interest, and on north korea, he will tell the senate the u.s. will not allow negotiations to dr

i am shery ahn a new york.in: i am kevin cirilli in washington. >> the new york times reporting president trump's longtime attorney michael cohen secretly recorded a conversation with donald trump during which they spoke about payments to a former playboy model. the woman claims she had a nearly year-long affair with donald trump getting in 2006 shortly after his son was born. they say the conversation took place two months before the 2016 election and the paper says the fbi seized the recording this year doing a raid on his office. donald trump has denied the woman's claims that they had an affair. the russian defense ministry has released a video showing the test launch of an updated missile-defense unit in cause expand -- kazakhstan. they said they were making progress on new weapons, among them a high power laser weapon system and a nuclear powered cruise missile with "unlimited range." they were first unveiled in a speech by vladimir putin back in march. the japanese prime minister is the latest will lead

shery: this is bloomberg. ♪ shery: this is "bloomberg best" and i'm shery ahn.nto high gear this week. and deutsche bank won't release results until next week, they expect profit to beat estimates by a large margin. it sent shares soaring and took pressure off the bank's new ceo. ♪ >> says the news we have been waiting for. they need to move quickly. is the timeline sped up for deutsche bank or can he take a more responsible path up to 2020? >> are still a lot of pressure on him despite the share of the search today. trading at very low rises. it was about 12 euros when he took over in april. he is still overseeing a decline in share price and investors are still demanding a quick return to profitability. there is still a lot of pressure on him to perform and maybe certainly reach the target he unveiled. ♪ >> netflix shares have plunged after the opening posted disappointing subscriber growth numbers for the second order purchase repeat worried -- should we be worried? netflix,en invested in having not sold yesterday, you're doing great? >> its one quarter they

vonnie: i am vonnie quinn p rich shery ahn: i am shery ahn. welcome to bloomberg markets. vonnie: here are the top stories from bloomberg and around the world that we are following. notooks like we are including too much as we head into the second half of the year. stocks tumbling even after stronger-than-expected manufacturing data, adding global trade tensions. backiants gm in pushing president trump's tariff spread. automakers are feeling the pain. merry-go-round of the company considering going public again four years after going private. we have the details on this bloomberg scoop. abigail doolittle is with us halfway through the trading day. >> with the declines you are talking about. losses for the major averages, the dow and the nasdaq, all at the lows, each of the major averages down more than .7% which of course follows multiple down weeks for the major averages, for the dow, the week is young. on paper, the fourth in a row, the worst since 2016. plus, as we are entering the third order, the second-quarter earnings in june. , the energy sector. a slight gain desp

shery ahn: i am shery ahn in new york.president trump is brussels meeting with 20 other nato companies -- countries. continuedresident has to confront nato leaders over spending goals and has even floated the idea of raising those 2% goals to 4% of gdp, a level not even the u.s. has achieved. now by phoneins us from brussels with the latest. have suggested nato'secretary-general has sidestepped questions about the requests by the president, a double of two spec -- of defense spending. is that a fair characterization? >> yesterday brought it up in closed-door meetings. many say it is really more so a proposal. the united states defense spending, maybe trump just rounded up. something that the proposal, very much an informal display. is pushing forhe even more spending. in a tweet after he left, he is saying look at his nato if germany is paying russia williams of dollars in gas and energy, wisely five out of .9 countries, the u.s. is paying for protection and losing billions on trade, must pay 2% of gdp immediately, not by

i'm shery ahn. david westin.trump and other nations are already affecting business in a big way. thee are added costs and threat of layoffs. bloomberg's boston bureau chief tom are running took to the atlantic ocean to see how new england's lobster industry is being affected. tom: as talk of total -- a global trade wars heat up, ac product is in hot water. >> the trade war will have a negative effect on lobster men in this -- in massachusetts. lobster is one of nearly 700 american exports that china is targeting for new tariffs. of 25%. take effect july 6, the levees are beijing's response to president trump's 25% tariffs on $34 billion of imports from china. massachusetts lobsterman billy mahoney says he is already being paid $.50 less a pound on the news. tom: when the deals -- >> when the deals get hit, it will have negativity to the lobsterman. hell will break loose. landed 700gland million dollars worth of lobster alessia cara 94% of the nation's total. exports from maine to china increased more than 30% yea

shery: i'm shery ahn. welcome to bloomberg markets. vonnie: here are the top stories on the bloomberg and from around the world. backseatsions taking a and earnings season takes the wheel. u.s. stocks continue on their winning streak for a fourth straight day. cars -- cards. jonathan miller joins with details. and paving the way for succession. a promotion for morgan's danley's head pick could put him in line as possible successor to the ceo. minutes.in the next 30 abigail doolittle is here to tell us about the trading day that we are halfway through. gains simply continue. for the doubt the best four days since the middle of february. the big rebound from all the bearish volatility at the middle of february. each of the major averages now up seven of the last eight sessions. you will notice the nasdaq higher tech index down .5%. over the last eight days the index has really had quite a ride. biogen trading up 20% on strong alzheimer's drug data. the biotech index having its best seven days since the elect

this is bloomberg. ♪ >> i am shery ahn.augh, president trump passes nominee for the supreme court justice anthony kennedy is meeting with key republican senators for a second and capitol hill. the lawmaker at the very center of the confirmation. >> chuck grassley, thank you for your time. when the expect this to begin. know about 300 decisions he has read but beyond that, i do not have a clue of it. i can give you a rough figure from other previous nominees to the supreme court, generally from july 9 when this was 55% that is pre-much a guess at this point. about judgeoned cavanaugh's recent decisions. i want to ask you about the time when he was an associate counsel between george w. bush and 2001 and 2003. in his revis confirmation, that was a bit controversial. do you expect he will get the documents from that period? >> the senators in the senate at that time that had a chance to visualize him, you wouldn't think he would have to have those again. that is one of the issues we are waiting for the white house or wherever

i am shery ahn in new york.his meeting lasting much longer than the planned 90 minutes, going on for more than does go hours, what were the big takeaways? president vladimir putin telling reporters that he did in fact want candidate donald trump to become president. president trump also taking the opportunity to slam what he believes is an unfair investigation into the 2016 presidential election. drawingthese leaders clear lines about where they stand on a host of different policy agreements, most notably energy. president vladimir putin saying president trump did not offer any concessions in regards to wronghe u.s. feels is a annexation of crimea to russia. the big takeaway will be just how president trump slammed the u.s. intelligent report regarding the meddling into the 2016 election. he said he believes both sides are to blame for the deteriorating relationship between the u.s. and russia. that has john swift rebuke -- that has drawn swift rebuke from prominent lawmakers, including senator ben sasse, who sa

i'm shery ahn. vonnie: i'm vonnie quinn. welcome to bloomberg markets. shery: its 1:00 in new york. i'm shery ahn. here the top stories on the bloomberg and from around the world. central-bank tango. the boj announced more volatility in 10 year yields and jay powell is expected to hold interest rates steady tomorrow. in three years its wealth management unit is a standout. we'll hear from the ceo. facebook finds evidence of an ongoing effort to influence the u.s. midterm elections. we will discuss. abigail doolittle is here with us. steady in positive territory. for technology today we have a bit of a rally. the three major averages on pace for the best day in nearly a week. the dow, the s&p 500 and the nasdaq up for the first time in four days. tech is making a bit of a rebound. especially the chip. take a look at the stocks of 1.3% -- up 1.3%. this is an interesting chart we have here. in orange we have the checks index. -- chip sector in white we have the s&p 500 tech index. 7%blue the faang trades down on weakness in particular from facebook and netflix. of a rebound. take a loo

shery: i'm shery ahn. welcome to bloomberg markets: balance of power with a focus on the intersection of politics and the economy. david: your the top stories. making the president happy. president trump says he has been very unhappy with nato allies butt their contribution they have agreed to up their defense budgets and he thinks nato is stronger than it was two days ago. let's talk. trade rhetoricn amid hints the chinese trade officials maybe trying to figure out a way to start talking again despite looming tariffs. and are we there yet? been on a rate hike path. the question is whether trade uncertainties and a stronger dollar may give the fed pause. from patrick harker. shery: after two days in brussels president trump reaffirmed the u.s. commitment to nato. >> yesterday i let them know that i was extremely unhappy with what was happening. and they have substantially up their commitment and now we are very happy and have a very powerful very strong nato. much stronger than it was two days ago. shery:

shery: i'm shery ahn.he breaking news, a major twist ahead of the trump-putin summit. 12 russian intelligence officials have been indicted by the u.s. government. that was rod rosenstein coming intelligencehese officials meddled in the u.s. elections in 2016, that one group stole the information and others spread. to give us more insight is retired brigadier general mark kimmitt. he served as assistant secretary of state for political military affairs under george w. bush. thank you for joining us. what a time to have you on. we heard from deputy attorney general rod rosenstein talking about the extent russian meddling in the u.s. elections, that americans were not aware this was going on, but this comes at crucial timing when president trump is set to meet with russian president. what are the risks that this summit poses, if president trump does not deliver? i think he will deliver up. there are a number of other issues. nato is not the only issue and collusion is not the only issue. there are a number of

. >> live from bloomberg world headquarters in new york, i'm shery ahn. live in toronto, i am jon erlichman. we are now joined by our bloomberg and vietnam bloomberg audiences. shery: here are top stories from around the world. 12 russian officials have been in dotted with campaign hacking we have the latest in the ongoing special counsel investigation. banking on earnings. jpmorgan kicks off bank result with a strong report. citigroup and wells fargo show mixed performance. we will discuss. i'm sorry. president trump apologizes to theresa may and says he did not criticize her to a british you taper over her handling of exit. . the justice department has announced 12 indictments in special counsel robert mueller's investigation into russian meddling in a 2016 election. well russian intelligence agents have been accused of efforts to have democrats emails and computer networks pacific retargeting hillary clinton's presidential campaign. the democratic national committee and the democratic congressional campaign committee. the move comes days before presiden

i'm shery ahn in new york. jon: i am in trenton.resident donald trump taking tariffs to the next level, saying he is ready to go on $500 billion worth of chinese imports. republican senators flexing their muscles and urging the to reconsider trade policies. joining us with the latest on trade is bloomberg news is economic reporter, sarah mcgregor. give us the significance of this $500 billion figure. the $500 billion figure is significant. what he said today is he is prepared to put tariffs on everything that comes in from china. until now, the administration has said we tried to avoid putting tariffs on consumer goods, and that might drive up inflation and hit consumers in the pocketbook. everything is being hit from a 25 percent to 10% tariff and there is no way to avoid that. importantly, china will hit that dollar for dollar or in a tit-for-tat session on every action the u.s. takes. chinese imports less from the u.s., and china could take other steps less predictable to hit the u.s. shery: like make it more difficult for u.s. c

shery: i'm shery ahn.he commerce department began open hearings to consider whether auto imports are a threat to national security. says it'swilbur ross too early to tell whether the investigation will lead to tariffs on the cars. findnvestigation will little if any support for the idea. we welcome now one of the industry leaders who testified today. president and ceo of the global automakers association, john bozzella. he testified this morning. just tell us the gist of it. what was the message you wanted to send policymakers? one, there is no case for high tariffs on auto imports and auto parts. they are not a national security threat. just the contrary. those imports support competitive dynamic industry that leads to investment and innovation. the second argument we made is that there is no company anywhere in the automotive industry or the automotive supply chain that is requesting protection. third, these will hurt american consumers and workers. tradeetter way to resolve disputes and improve opportun

shery: 10 shery ahn in new york.che bank reported high earnings despite hitting headlines with negative views including slashing the workforce and failing a fed stress test. matt miller sat down with blight -- with deutsche bank ceo and got his take on the lead -- on the lender second-quarter results. >> if i look at the headwinds we had in the second quarter, if i look at the material transformation which we did in all parts of the bank and the second quarter, i would even say these are solid results. revenues came in. in line with market expectations. the context of 700 million for the first half of the year, is a solid number. most importantly, we have executed on all the targets which we set. on the cost side, we went through the material head conduction into 2 -- breaking news, president trump what the european commission president and let's listen in. pres. trump: we want to have a fair trade deal. we are looking to have a fair trade deal. hopefully we can work something out. the unitedars, states has been losi

shery: and i'm shery ahn. welcome to "bloomberg markets." ♪ vonnie: from world headquarters in new york, here are the top stories from around the world that we are following. the queen has turned green. stocks getting a boost from banks today. announces that -- is taking over as the new ceo. marchionne faces a health crisis. vonnie: more car troubles, tesla sinking on reports that it is seeking refunds from suppliers. all that in the next 30 minutes, but we are halfway into the trading day and abigail doolittle is with us to talk about the bank boost. >> you mentioned green on the screen. earlier, small declines, noun gains as they are bidding of the major averages and the big boost, the best sector of the day, really being helped by the yields rising. at this point we have the dow and s&p 500 up for the first time in three sessions. the nasdaq up for the first time in four sessions. also helping the major averages, big tech, like microsoft and broadcom. microsoft hitting an all-time high today. and alphabet,

. ♪ >> from bloomberg's world headquarters in new york, i am shery ahn. m kevin cirilli washington, d.c. this is "bloomberg markets: balance of power." shery: there are the top stories we are watching. andident donald trump iranian president rouhani are exchanging inflammatory words. midterm election watch, we will hear from republican congressman urbelo, who has introduced legislation on climate change. changes forcedcy the boj to purchase an unlimited amount of bonds. president trump is turning

from new york, i am shery ahn . .avid: i am david westin shery: rick clemmer of nxp semiconductors waysdan on the call, aborted bid for for- qualcomm aborted bid nxp semiconductors. the u.s. trump counts economy, the gdp top 4% last quarter and the president says trade deals will help it grow faster. republican congressman dave brat of virginia gives his take on the economy and how it will keep his party -- in power. and a democratic colleague response. ♪ shery: let's start with breaking news. abigail doolittle is here. >> the intraday chart of cbs

im shery ahn. david: i am david westin. shery: here are the top stories we are watching.s nato a buzz, accusing germany of being captive to rush over and energy deal. we have the latest as the president expresses his views with european counterparts. know returnhed a point with china? a trio of influential senators join us this hour. and bobs ben cardin menendez, and republican ron johnson. david: president trump's meeting in brussels at this hour with leaders of the other 28 nato countries. things got off to a testy start when the president confronted nato -- the nato

i am shery ahn. david: welcome to balance of power. i am david westin. the top stories, who will fill justice kennedy seat? president trump is narrowing his list of candidates. we look at the front runners. clear issues making headlines as iran's president tries to save the nuclear deal with reports nuclear capabilities are increasing in north korea like the summit. republican congressman of new jersey joins us. or against with president trump as he tries to hang on to his congressional seat? david: president trump says he pick for who will succeed

from new york, i am shery ahn kevin: i am kevin cirilli in for david westin and we have a focus on geopolitics president trump last china, the eu, and the u.s. federal reserve, his message on rates and currencies. playing nice with vladimir putin, president trump intensifies the uproar over his meeting with the russian president by extending an invitation for a second summit. can democrats take the house? we will hear from a democratic candidate in a key district. ♪ kevin: -- shery: twets and more -- tweets and more terror threats, accusing of currency manipulation before taking a swipe at the federal reserve interest rate hike after the president already threatened to impose tariffs on all of chise

i am shery ahn. david: welcome to bloomberg markets balance of power. berg learns the u.s. and china are trying to restart talks. global markets moving higher. then president trump takes on the koch brothers, saying powerful republican donors are against strong borders and powerful trade. how will the fallout shakeup the midterm? and jury selection begins in paul menard for's trial -- paul manfort's trial. talk. according to a bloomberg scope, china and the u.s. are trying to restart the conversations, possibly avoiding

i am shery ahn.estin and welcome to bloomberg business, balance of power. >> today is the day president trump meets face-to-face with jean claude juncker after months of tensions over trade policy. we will talk about the future of u.s. trade policy and get an update on whether the nation is close to a nafta deal. michael froman is our guest. bloomberg gets an exclusive's scoop -- exclusive scoop on secretary pompeo's testimony. he will say president trump understands the scope of the russian interference in the 2016 election. david: let's start with a check on the markets. abigail: not a lot of conviction on the part of investors at this point. we are looking at relatively small moves up and down, and

shery ahn is off today. here are the top stories we are watching at this hour. hold the soybeans.tes immediately on tariffs against the united trump after president raises $32 billion of tariffs and says there is more to come. decision time -- with senateobbying from the and the president's, i supreme court pick. what could be done to stop the flow of immigrants across the southern border? president trump has a busy weekend as he finalizes

hery: i am shery ahn, welcome to balance of power with a focus on the economy. david: welcome back. you. david: supreme promotion, president trump nominates kavanaugh, where he will replace justice kennedy provided he makes it through the senate confirmation process. president trump is heading to natoels to meet with allies, who are seeking more u.s. commitment. and we will talk supreme court and nato when senator thom tillis, who sits on the judiciary and armed services committee. david: president trump last night announced his pick for the supreme court to a packed audience in the white house.

i'm shery ahn in new york. jon: and i'm jon erlichman in toronto.e are keeping an eye on the big trip. hisident trump taking off today inaugural visit in the u.k., where he will be meeting with prime minister and theresa may -- prime minister theresa may and the queen amid protests in london. maria, obviously this is the first trip to the u.k. by the president. what is the town like? house he been received so far? so president trump has landed in london, it is a four-day working trip, and the reaction on the ground, it it is easy to see behind me. close to 200 people are gathered at an anti-trump demonstration. i am not sure if you can hear what they are saying, but they are saying down with trump, trump, how many kids did you take today? very contentious language we are hearing from people in london today. i have been speaking to some of these protesters, and some of them are telling me they felt they had to come up to show that london is the diverse -- is a diverse multicultural, muslim city, and they are angry at the comments we have heard from p

i am shery ahn. david: and i'm david westin.nt trump renewed his attack on robert mueller tweeting whether he would releases conflicts of interest with president trump, including meeting nasty business and comey is his close friend. to bring us up-to-date on what we know we welcome cynthia alksne. thank you for joining us. let's start with the specifics. the president alleging conflicts of interest. we do not know what they are. assume there were a contentious business relationship. does that disqualified mr. mueller? if that were real and he wouldn't disclose that to rod rosen's dean and someone else would've been stowed -- would've been chosen. i do not think there is any evidence there was a contentious relationship. asked what theas contentious relationship is and he said he did not know. the president was tweeting something about a golf membership, which was nothing. robert mueller is an incredibly serious, ethical prosecutor. type of were some conflict, he would not be in the position he is in. he is an ethical prosecutor,

shery: i'm shery ahn.oomberg markets: balance of power with a focus on the intersection of politics and the economy. david: your the top stories. making the president happy. president trump says he has been very unhappy with nato allies butt their contribution they have agreed to up their defense budgets and he thinks nato is stronger than it was two days ago. let's talk. trade rhetoricn amid hints the chinese trade officials maybe trying to figure out a way to start talking again despite looming tariffs. and are we there yet? been on a rate hike path. the question is whether trade uncertainties and a stronger dollar may give the fed pause. from patrick harker.

shery ahn is off today. that we are all watching at this hour is of course the supreme court. who would be the justicet replaceo -- to replace justice anthony kennedy? for it mean to regulation and same-sexues like marriage and abortion, and one of the politics of the nominationand how the court is likely to affect no matter what happens to the nomination? ♪ nine hours from now, president trump will appear at the white house with his choice for the supreme court. with four court of appeals judges to choose from. we welcome our greg stohr. first of all, we only have nine ho g

. ♪ shery: from new york, i am shery ahn. bloombergcome to markets, balance of power. trump taking aim at eu over the google fine. the storm still swirls over president trump over his remarks regarding vladimir putin. the white house efforts to contain the fallout. we have a stellar lineup of lawmakers who react to all these issues. ♪ kevin: the commerce department began open hearings is money to consider whether auto impor

vonnie: live phone bloomberg world hecklers in new york, i'm vonnie quinn and for shery ahn. >> i amamanda lang. we are joined by our audiences. vonnie: here are the top stories we are following. the highest court in the notice states reshaping. the president has a chance to change the majority. towill choose the justice replace anthony kennedy very foreign secretary boris johnson steps down. he tweeted moments ago. canada confronting its biggest challenges how the central bank is responding to the trade war and other threats to the economy. all of that in the next 30 minutes be let's get a check on major averages. right now, the dow jones is up 1.2% in the united states. the s&p 500 up. as for other asset classes, a 2/10 spread in basis points and flat. crude oil futures down. , we have to keep our eye on over the trade war might be. when we look at the positive momentum in the stock market, there has been positive activity in smaller cap stocks. at the tradingok inequality. when we talk about value versus growth, in big cap stocks, tech companies had a great run here to trade uncer

i'm vonnie quinn in for shery ahn. amanda: let's get a quick look top business stories.et's start with the major averages. vonnie: united technologies among other countries reporting s&p 500 is up a third of 1%, not doing as well. the nasdaq is down 2/10 of 1%, amanda. amanda: we have been talking about the yield curve, whether it would invert which could signal a recession. take a look at something that has been noted, a negative correlation lately between the yield curve and equities. , not necessarily good for equities and vice versa. a little reversal. a flattening curve is not a bad thing for equities, even though in version is. another place we have been watching, the turkish lira among currencies, it is a real standout after the central bank there held the line against interest rates against all expectations. and we saw a massive jump, 4% off of the moments of that decision, so close to 3% weaker against the u.s. dollar. from on those moves and implications on what that means, cameron is with us. start with, there was an expectation that with inflation running abo

shery: i'm shery ahn. welcome to "bloomberg markets." vonnie: from bloomberg world headquarters in your computer other top stories on bloomberg and around the world we are following. technology shares leader retreat in starts as investors show signs of exhaustion with the sector. jitters for caterpillar. y by 24%s are still war for the second quarter. and challenges -- we have exclusive interview with former goldman sachs trader. the biggest regret at the height of the crypto craze. first from abigail doolittle is with us halfway into the trading session. abigail: clearly the bears are out. decent declines financials the nasdaq and the s&p 500 will be also the dow and the s&p 500 solidly lower. it is about the tech selloff. down 1.5%. the worst day for each of these indexes since the end of june. down,t the nasdaq 100, down, and down. worst three days since the end of march. not surprisingly, this has a lot to do with the trade that vonnie was talking about. let's look at a chart that shows the broader trees. correction territory from my