the clerk: nomination, department of state, david schenker of new jersey to be assistant secretary. mr. mcconnell: i i send a cloture motion to the desk. the presiding officer: the clerk will report the motion. the clerk: cloture motion: we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of david schenker of new jersey to be annant secretary of state. mr. mcconnell: i ask the reading of the names be waived. the presiding officer: without objection. mr. mcconnell: i move to proceed to legislative session. the presiding officer: question is on the motion. all those in favor, say aye. those opposed, say no. the ayes appear to have it. the ayes do have it. the motion is agreed to. mr. mcconnell: i move to proceed to executive session to consider calendar number 162. the presiding officer: question is on the motion. all those in favor, say aye. those opposed, say no. the ayes appear to have it. the ayes do have it. the motion is agreed to. the clerk will report the nom

david: bloomberg's marty schenker and polygons -- and peggy collins, thank you for being with us. you can find all of these charts and more by browsing g tv on your terminal. a few miles above the earth, there we have it right now, the international space station. we have spacex's dragon cargo craft, which has now been captured the international space station. they are going to be docking and offloading 5500 pounds of equipment. alix: apparently there is a robotic installation to the earth facing port module that will begin in a couple of hours. this is the 17th commercial resupply mission to the iss. david: it is so extraordinary we almost don't remark anymore. it is like a shuttle to new york , they are going up so often. and they make money off of it. we focus on elon musk and tesla and the difficulties making money, but this private company has been very successful. alix: and of course, the goal is to carry people. david: that is the next step. alix: it can carry seven, and if it continues to be successful, that would bode well. you can watch all of this very cool footage

david: particularly as we get closer to 2020. marty schenker, thanks so much for being here. ew york, this is bloomberg. ♪ david: you are watching "balance of power." i'm david westin. six weeks is all that took for seven national and international companies to announce expansions of their operations in arkansas. bolton by the governor's program to create a climate in the state that is friendly to business. we welcome governor hutchinson for today's conversation. i want to talk about the economy and business in arkansas. first, you have a big disaster going on with the floods. where do things stand? gov. hutchinson: it's a great concern. in fact, i'm cutting my trip short so i can return back this evening. we have volunteers, communities that are sandbagging, trying to shore up the levee system and karen the flooding even to a greater -- prevent the flooding even to a greater extent in our communities. people are moving their belongings out, trying to get to higher ground. untilnot supposed to peak later this week, so we are watching moment by moment as it rises, trying to pre

david: sarah ponczek and marty schenker, thank you for being with us. coming up later on in this half-hour, we are talking to the chinese ambassador to the united states. he will be here with us come alive in studio. on monday we have an exclusive interview with the ceo of huawei , the chinese company at the center of the trade dispute. we look forward to hearing from both of those people. and they are trying to raise money right now at a time when investors are selling debt. it will be very interesting. david: and his daughter is in jail in western canada, the cfo of huawei. under house arrest. she is in detention in western canada. lisa: that is going to be an interesting interview. u.k. primemore on minister theresa may's recognition -- theresa may's resignation and its impact. this is bloomberg. ♪ david: earlier today, british prime minister theresa may stepped on camera outside 10 downing street and made it official. pm may: it is now clear to me that it is in the best interest of the country for a new prime minister to lead that effort. i am today

francine: david woo stays with us. thank you, marty schenkerconservative approach to their initial public offering. market investors will decide if that is a good idea. that interview at 5:30 p.m. in london, 12:30 p.m. in new york. ♪ ♪ francine: this is bloomberg "surveillance," tom and francine from london and new york. inflation data out of the u.s. later on the day that the u.s. hikes tariffs on $200 billion worth of chinese goods. consumers may feel the impact from the increase and it could push businesses to push higher costs to consumers. i thought it was incredible when you looked at that treasury option, linked to what china was doing with treasury buying. it was the worst one in 10 years. does that give us anything or is that about what the fed does next? david: there is something to do that, no doubt. the pace of accumulations of reserves for china has slowed dramatically. given how strong the dollar has been, we have been seeing persistent dollars selling from reserve managers. i am not pointing at china in particular, but our propri

schenker. jonathan golub stays with us. coming up, david westin interviews mario no wilson.bloomberg surveillance," francine lacqua in queen victoria street in london, tom keene here in new york. deutsche bank at an all-time low -- says it all, doesn't it? francine: yes. and there is downward movement to a lot of these european banks. they kind of move in tandem. deutsche bank has extra issues, because investors are trying to figure out what they stand for and what their market is. we also have the agm a little later on this week. us fromathan golub with credit suisse -- of course he will not speak about a competitor, but he will talk about use of cash. share buybacks are enormous. do they slow down at the margin or do share buybacks continue? jonathan: they do continue, but i think we are misreading this. share buybacks are being driven by the fact that these companies are generating massive free cash flow from their businesses. the fiction that companies are borrowing cheap cap it and jamin up stock prices are false. will that continue? jonathan: it will continue. this pas