my name is adam tom. i live at 1825 casher street. i'm acray sent to th a-- adjacey on the west side. i'm san franciscan. when you have neighbors looking at different sides of the project, you might think that some conflicts -- expect that didn't happen in our neighborhood. we work together and we talk about what would be good for the project and to emphasize design, policies, not personal ones from these policies. also here is a map. what this shows is showing you addresses of residents signing a petition for the commission to take d.r. and according to recommended changes. here's the property and the red dots are everybody signed the petition. here's the petition. many of these neighbor3ó helped identify design policies and help craft the ask. unfortunately the sponsor never considered any options to the original design. they ignored neighbors concern and all their comments and created something that will maximize profit for them and discomfort for the neighbors and is not sensitive to the terrain characteristics of the neighborhood

tom: there's lots to talk about with adam posen with the bank of england.ctivity and tariffs and trade. a lot to talk about, including central banking. , i want to rip up the script. the wall street journal has a column, the cash call on tax reform. we have a 63% increase in debt issued this year by the federal government. we are doing that on 7% less tax increases in july. are we had a tipping point where rates surge because of the legislative process? you are absolutely right to flagged this, as was the journal. less moneyve taken coming you should spend less unless it is a temporary thing. the tax spending, which is what it is, and the spending bill are not based on reasonable revenue projection. we are starting to see the gap widen. it is not the turkey chart, but they are talking turkey on the rates. tom: we will do turkey later. one more question and then we will get back to governor carney. postposen, the washington wrote a fabulous book a few years ago on the fear of walter heller inflation of the 1960's. or some terminal rates ok, is there a fear w

adam eaton comes in to score. nats up 2-0. tom of t top of the ninth. herrera he and strikes him out looking to end the game. nats win 2-1.k >>> roc creek park, back to alexs. took the first set. check out this backhand. no chance on this one. 21-year-old german inching close tore back-to-back titles. terrific stuff. >>> later in the stuff, zeirev with match point. going to put i into the net. zeirev wins in straight sets. back-to-back tles for the young german. >>> over on the women's side. sa vet na. first set, in the far court, look al this drop ot. doesn't even go for it. she did win the first set, though. all right. cue net sew va won the second.s keep her spot and comes up with in backhane shot winner here. cue net sew va wins the women's open title. >> i like how you have to use the hand movements. >> it's like a broad

tom. ossen andhave adam p david bachelorette -- denny batch lower tomorrow. ital markets of -- with us tom porcelli of rbc capital markets. -- essay a fabulous s8 on the wage puzzle. let's look a little bit. the wage puzzle is not about inequality. this is simply what a high-pressure economy looks like when productivity, growth rates, and inflation are both relatively low. inequality on balance has ameliorated the wage slowdown, not made it worse. this is a hugely controversial take by the democrat. where are we on inequality? tom: i tend not to insert myself in that more political conversation. i will say this. chairman powell's press conference from a couple of weeks ago, he was asked about religious both sides of -- real wages on both sides of the aisle. he gave standard answers. when you look at real wages over any timeframe, guess what the average? they average zero. should they or should they not zero?e i would say the answer to that question is that you cannot have -- first of all, i think that looking at unit prices or unit wage pressures is the wrong

tom: this morning, just me, it is idiosyncratic. we consider the correlated dysfunction of the lira, the rupee and the selected peso. incoming. the debt and the ever greater trillion dollar deficit. it was adamsson, this thursday, trump versus google. we consider the outlet that alphabet. i'm tom keene in new york, this is "bloomberg surveillance," ne jra, em currencies, quiet. here, here and here, weakening forever. you were ahead of the curve with bringing this up yesterday as well. aboute saw was jitters turkey and argentina feeding through to the rest of the space. we continue to see the lira weekend as well as the rand. tom: we will show the numbers. alex, i love that chart. nejra does, the way it. president trump is optimistic the u.s. and canada can reach a deal on the north american the trade agreement this week. the president is giving canada until friday. justin trudeau says his government is trying to reach an agreement with the u.s. but he says he will not sacrifice the goal of getting the right deal. it is a sign that president trump's trade war is starting to exacerbate geopolitical tensions. the president accused china of undermining attempts to pressure north korea into giving

david: tom, i have to jump to the final point. we heard adamt that russians are interfering with the on the trump side with the 2008 elections. exactly on the opposite side. facebook story took down apparently russian influence with them. they were anti-trump. one showing donald trump screaming in front of a nazi flag that is one of the ones that was taken down. there are others that send protesters to anti-i.c.e. rallies. if, again, if there was russian collusion with anybody in the united states it was against trump, not in favor of him. >> he there is this idea that they want to divide america. no, they want to attack our government. they're attacking the trump administration during the campaign. they thought hillary clinton was doing to win. they attacked hillary clinton campaign knowing or thinking like everyone else in america or many people in america that she was going to become president. the russians are interested in undermining our government and they were doing it in 2016. they're doing it again. david: that is the bottom line. no

tom gast. [laughter] patricia opal portrays amanda constantly retreated into himself at crucial moments and he is not unlike her brilliant trail of henry adams in five of hearts. but also she treats him with great empathy and as a man of deep faith in both democratic and christian values servant leadership, he believed in a servant leadership with all that has come to mean which in my experience is usually a very partial humility which was with woodrow wilson. the book also empathetically pictures the opposition excluding the [inaudible] partially unforgiving as a man who fired him of his third term. but henry lodge got treatment. after the war they are treated well and it's hard not to admire a guy who after wilson released a 14 points said in god he only had ten. [laughter] the real problem was not the number of points or indeed the possible but the attempt to sell the inevitable compromises with a vengeance and politics of the peace conference as a legitimate offspring of ideals and the rational self -- to do that will taking largest at back with any market president is in important ways. yet john lucas may still be right and remember tha

the democrats have been adamant that they put pressure on the president and not pardon paul manafort or michael cohen. tomers. i'm going to go to this quickly. how big a deal is the manafort verdict? pretty big. how big is the michael cohen cleat agreement? very big. the consequences of not investigating such matters are far greater. very quickly, what does mr. mueller do this morning? keep moving forward? >> keep moving forward, building the case. everyone i spoke with said yesterday was a win for bob mueller. tom: thank you very much. kevin cirilli, our chief washington correspondent. we continue bloomberg surveillance on radio through the day. cleese stay with us. this is bloomberg. ♪ david: what a difference and our makes. to close advisers to president trump are convicted of felonies within minutes of one another. markets shrug it off. global markets appeared to be taking the president's troubles in stride and the bull market continues its record run. the consumer points to continued economic growth. welcome to "bloomberg daybreak." alix steel is off. oh to be a fly on the wall. if you look at market

tom depree, his former assistant attorney general in the bush administration. >> the president is keen on doing a few things. limiting the topic matter is that muller can get into. the president's team adamant they want the to be what happened as opposed to after the president was inoculated. >> peschel >> special counsel robert mueller asking things about what happened after the election, include the michael flynn fire ring, president trump's meeting with former fbi director james comey and comey's firing, and the president's conversations with attorney general jeff sessions about his refusal from the russia investigation. plenty of references from those topics in the list of 49 questions mueller's team dictated to the president's legal team back in march. v9 has agreed to reduce the number of questions d he'll accept some answers in writing but he still wants to ask the president in person about issues that go to obstruction. president trump's legal team has been recommending he not do an in person interview with mueller, but the president is telling them to keep talking, keep negotiating to try to reach a deal. one possible compromise, have the president sit down with mueller in person t

adam haigh, bloomberg global markets editor. china has repeated the pledge not to devalue the yuan or use foreign-exchange as a weapon in the escalating trade war. the vow comes ahead of renewed trade talks. tomtiming of this, pretty timely here. a response to president trump's claim china is a currency manipulator? tom: they did not call out president trump, you will not be surprised to hear, but they felt compelled to restate this line, that they are not and have no plans to use the currency as a tool in this trade spat with the u.s., saying they were allowing the market to play a greater role in the exchange rate, and saying as well, the pboc officials, that the good fundamentals they described in china's economy will support the concerns he -- the currency going forward. listen to the director of the monetary policy unit of the pboc, speaking today. >> effects ability of the yuan exchange rate has improved significantly. we put an emphasis on letting the market play an increasingly vital role in choosing the yuan exchange-rate. we will not use exchange rate as a weapon or devaluation in response to trade frictions. we will stick to bottom-line thinking and the confidence we an keep the yu