shery ahn: live from bloomberg world headquarters in new york, i'm shery ahn. amanda: i am amanda lang. we are joined by our bloomberg audiences. here are top stories we're following from around the world. u.s. stocks are mixed as prices boost energy producers. we speak with president and ceo jason brady on why he thinks we are entering a slowdown in the global economy. the, we hear from investment board ceo mark about the 12% annual returns and where in volatility. greenlight capital down 25% from the end of 2014. a quick check of the major averages. we see u.s. stocks trading within a narrow range. the dow falling 1/10 of 1% and the s&p 500 holding steady. gainingenergy stocks and we have other sectors such as utilities losing ground. the nasdaq is falling 1/10 of 1%. are looking a little mixed. 10 year yields are reversing losses. past three point 1%, the highest in seven years and it is worth mentioning we are continuing to see treasury volatility. stock selloffst we have seen in early february now. the 10 year yield consolidated well above that level. >> o

erg shery: i'm shery ahn.g to health.athena joining us to discuss the billion-dollar offer -- $6.4 bloombergfer is health coverage. what do they say athena is doing wrong? >> i have the letter in front of me now. it is everything from you missed operationally, you failed to issue accurate guidance. forecast. the it is a pretty brutal letter in terms of assessment of the company. it makes the argument that taking it out of the public market and give them times -- give them time to take control would be better. shery: this is not the first time elliott approaches athena health very well be different? drew: they have a significant stake. they indicated they had approached the company previously privately about potentially taking private action. the fact that they are going public shows that there is a willingness to get more because they weren't getting the private response they wanted. it can help bring more investors on board. if you have enough people that agree, the stock goes up and that puts pressure on the

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

scarlet: shery ahn. -- shery: i'm shery ahn. amanda: i'm amanda lang. shery:. the top story we're following. blame it on the banks. thelouis fed president says central bank is the cause for the flattening yield curve. we speak with him exclusively in just a few moments. let's get a check on u.s. stocks. they are driven by consumers. looking at some of the stocks reporting today. decent economic data is affecting the u.s. treasury yield again and that includes a measure of factory production and housing starts. macy's one of the companies raising outlook. that is causing some enthusiasm. there had been margin concerns there. that company to build a pipeline here. shery: you talked about the flattening yield curve. we are seeing yields rising today. course with the yield curve steepening today against a backdrop of yield curve flattening that has happened in the last couple of years. let's talk more about monetary policy. here's kathleen hays. one void was least raising a big questions. bullard,ined by jim president of the federal reserve bank of st. louis. anoth

james ahn says the woman was ahn says the woman was angry at him for driving e speed limit ant she wantedoe was going to cause an accident. that is when she started screaming more racist things. at one point the woman appears to use her fingers to slant her eyes in another racist gesture. in his facebook post ahn says he is planing on reporting the woman to police for a hate crime. . the woman has not been identified. ( james ) san francisco's district attorney says charges will ánot be filed against the officers involved in the two high profile police shootings. both were deadly. back in december of 2015... the shooting of mario woods was caught on video. it showed 5 police officers opening fire on woods... who was a stabbing suspect. an autopsy showed he'd been hit more than 20 times. then in april 2016... 2 officers fired on luis gongora... a homeless man armed with a knife. police say gongora refused to drop the knife and moved toward them. the d-a said the law is clear... but he still struggled with the outcome. ( darya ) coming up on the kron 4 morning news... sonoma raceway is going

shery: i'm shery ahn in new york. in the workplace, marilyn houston speaks with the david rubenstein for the new episode conversations. they discuss her rise in the company as a woman to -- and a traditionally male-dominated history. >> where you often the only woman in the room at lockheed? >> i was. >> was at intimidating or was it a thing where you said, i can show them i am better than them? >> i think it is like any team you come into the you have to establish your credibility. recognizing that i was a different gender. i was different in that sense. after that, once you are contributing and part of the team, it was no longer a factor, for me, into my career. what i will to you that is positive is that today, 22% of our leaders are women. 24%, 25% in the workforce is women. the pipeline of women and it is not only there's only one woman in the room. we have many women in the room. we have a come -- we have come a long way. amanda: lockheed martin, i recently spoke with arianna huffington. she is inactive is too s

shery: i'm shery ahn. amanda: i'm amanda lang. here the top stories we're following from around the world. it on kindred president trump cancels the historic summit over the north korean leader's recent statement and says the u.s. military is if necessary. trump alsoident launching a probe into auto imports. applyingt attempt at pressure on canada and mexico to strike a nafta deal. and shares tumble after the canadian government blocks a proposed $930 million sale of that construction firm to a chinese buyer. let's get started with a quick check of major averages. u.s. stocks paring back some of its earlier losses still in the red for the dow which is down .3%. it's down to session lows following the release of president trump's letter to north korea calling off his summit with kim jong-un. the s&p 500 is down .2% while the nasdaq is essentially flat. as earnings season winds down investors turning their attention to geopolitical uncertainty. energy is also leading the declines it -- leading the declines. amanda: one of those geop

shery: i'm shery ahn. to the polls in indiana, north carolina, ohio, and west virginia to vote in congressional and gubernatorial primary races. republicans are racing against history while democrats are focused on getting themselves back in the majority. we are in washington with a preview. tomorrow, which ones are the key that we should be watching? >> the biggest primaries people are watching tomorrow are the republican races in west virginia and indiana. west virginia is the source of last-minute panic for republicans as don blankenship, the highly controversial candidate that republicans believe will lose the general has been surging in the primary. they are very much hoping evan jenkins or patrick morrissey will win that race because they believe one of those two would be a strong candidate to take on joe manchin in the fall. in indiana, you have a three-way primary, very competitive and bitter between two republican congressman and a former state representative running as an outsider, businessman. t

amy: christine ahn, how do you see that happening? 30 seconds. movement.s a global let's forget the korean war was an international conflict, 24 countries were dissipated in this war. we need to build the people's movement, just like the candlelight revolutionists running a light to the world, let's shut a light back to korea and support the peace process july 12 -- ramzi, june 12 is a global day of solidarity with the korean people for peace on the korean peninsula. let's sign a peace treaty now. amy: christine ahn, founder and international coordinator of women cross dmz, a global movement of women mobilizing to end the korean war. speaking to us from seoul, south korea. and tim shorrock washington-based investigative , journalist, we will link to your peace in the nation. for the nation and the korea correspondentfor the nation and the korea center for investigative journalism in seoul. when we come back, harvey weinstein has turned himself into police on charges of raping a woman and performing another -- and forcing another to perform oral s

ahn had his passneger start filming because he was worried that she was going to cause an accident.cist things. at one point the woman appears to use her fingers to slant her eyes in another racist gesture. in his facebook post ahn says he is planing on reporting the woman to police for a hate crime but fremont police say as much as they disagree with her actions... she did not commit any crime.. because of the first amendment and free speech. reportedly the woman wants to meet ahn and apologize but he doesn't want to meet her (will) a woman's life changed forever -- after she says she was ááápricked by a needle while taking a seat on bart. and now she is demanding answers. in addition to dodging potential robbers and drug users... there is concern about being stuck with hypodermic needles... kron 4's dan kerman has the story. sotthursday morning linda quan headed to the dublin bart station and boarded a san francisco bound train for work 30 minutes into the ride the san ramon mother of two felt something pierce her behind.sot linda quan/bart passenger stuck with needle 11-20when i

shery: i'm shery ahn in new york.heck of the major averages, u.s. stocks paring back gains. dow trading at 24,756. this could still be the seventh consecutive session of gains, could be of the highest winning streak since november of last year. we are unchanged at the moment, telecom and health care gaining ground. and investors not nervous about the remarks on lowering drug prices by president trump. the 10 year yield also holding steady, just below 3%. first word news, mark crumpton. mark: a lawsuit challenging u.s. border authority's practice of searching cell phones and computers of travelers, without a warrant, can move forward. a federal judge in boston has rejected the government's bid to dismiss the suit brought by the american civil liberties union, and electronic frontier foundation. the fourth amendment requires law enforcement to obtain warrants before searches, but there are exceptions for searches at airports and ports of entry. the white house is not denying that it administers an official dismissed sen

commissioner wan for her incredible support and excitement over this initiative and to commissioner ahn also for his interest and encouragement. this was very important to staff to know that the commission was paying such close attention and was challenging us and inviting us to look deeply at our own practices. i think it's fitting that after we just talked about interfaith power and light to reflect on the words of pope francis who reminds us that we must listen to the cry of the earth and the cry of the poor, that social justice and environment are inextricably linked, we cannot heal the planet if we do not focus on the people who we are serving. and that it's not enough to ask the question, how do our programs measure up? it's more that we need to do something about it. that it's not enough to be aware. there has to be deep commitment to change in our own actions and own systems. the two people you'll hear from today, soko and sraddha mehta are invested in this, they spent the last year with the government alliance with race and equity. this is a group endorsed by the entire city fa

this is bloomberg. ♪ shery ahn: u.s.tocks paring back earlier losses of investors digesting better than estimated earnings in a slew of economic data below estimates. and and labor costs nonmanufacturing data fell short of expectations. focus from investors jobs tomorrow. great to have you with us. we are getting a mixed picture with economic data. softer for the start of the quarter. how or when will we know when the economic cycle is over? >> we will know when it is over, which is not yet. a good four quarters left of the up cycle. do not get too excited. >> these are the elements you are looking at to decide to pinpoint when it would come. >> the things that would cause things to rollover would be when andntry's get too high thrust to be discouraged by high >> it hastreasuries been good data. manufacturing still in this territory though disappointing. a fairly healthy economy. >> they draw conclusions fact of the matter is, the economy is on a full scare -- full-scale straight over not stopping anytime soon. >> we saw

i am shery ahn. david: i am david westin. shery: we're seeing u.s.cks near session those right now. inry sector on the s&p 500 the red right now, even financials despite the fact that yields are rising and we are seeing a yield curve that is steepening at the moment. the dow is down 1%. a union representing at&t employees wants to know what the company is doing with its tax windfall. in a complaint to the national labor relations board, the union claims that at&t is violating federal labor law by withholding information about its plans for its tax savings. joining us now is bloomberg's union reporter josh hamilton. allegations have legal merit? could they win this case, and what would be implications be? >> the attorneys working on this for cwa is the former acting general counsel for the national labors relations board -- labor relations board. there is a law that goes back to the new deal that says if you are in negotiations with a union or your workers are represented by a union, you have to present some amount of germaine information. the union h

i'm shery ahn in washington. david: i am david westin in new york.ark: as we have been reporting, the new york times reports president trump told the french withdraw fromill the iran nuclear deal. mr. trump has called the ever."nt "the worst deal he says it does not do enough to address concerns with their ballistic missile program. the hang seng and kim jong-un held two days of talks. and kim jong-un have held two days of talks. the new york city district attorney's office says it is opening a criminal investigation into accusations of physical abuse by attorney general eric schneiderman. federmann have accused of physical violence while they were dating. at the he will resign end of business today. he has denied the allegations. global news 24 hours a day on air and at tic-toc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. shery: thank you. president trump spoke with the chinese president this morning by phone. the two talked trade agreed to stay in contact on the iss

i am shery ahn. david: i'm david westin.otiator says he is confident a solution can be reached on the irish border problem. barnier like mr. davidson's approach to the critical issue? emma ross thompson joins us from london. thank you for being with us. how is it going over there? we are focusing on ireland. it has been a recurring issue. are the europeans going to go along with the british solution? >> he has thought for a long time he has a solution, and the solution for him is that the eu should agree to a fabulous free trade agreement after brexit to allow there to be no order on the island of ireland. they had said that the future trading relationship will not be one that can allow open borders. even between the u.s. and canada has some border infrastructure. even a quarter like that is too much for ireland because of the past violence. the eu k has said let's have a great free trade agreement, and the eu has said that is not going to happen, therefore they are proposing a backstop solution. the u.k. agrees to the idea

i am shery ahn.hery: i -- david: i am david westin. >> donald trump going after his own attorney general, he said he wish it takes someone other than jeff sessions. the president has frequently expressed his unhappiness that jeff sessions recused himself from overseeing the russian litigation. the russian -- the french president says he hopes the u.s. and europe can work out there fight on terrorists. he spoke with us in paris. >> always hopeful. some things depend on me, some others do not. i do my best and what i can do. paris today, police cleared up 1000 people from the largest makeshift migrant camp in the french capital. it became a focal point in their immigration debate. the mainly african migrants were moved out of their cap along a canal used by joggers and cyclists and taking -- taken two gymnasiums as moldova's ripped out the -- all those is ripped bulldozers ripped out bulldozee camp. a russian journalist and prominent kremlin critic showed up alive and well at a news conference, the key

shery: and i'm shery ahn in new york. house going ahead with plans to target chinese goods announcing a final list of affected products will be released on june 15, and go into effect shortly thereafter. beijing is responding to the u.s.'s $50 billion threat. michael mckee is here with the latest. the congress -- commerce ministry came out with the statement could what did they say? michael: they are disappointed and surprised here they thought they had an agreement with the administration that wilbur ross would come to beijing and put a list together that china could buy two lower trade deficit. in the statement, they said no the united measures states takes, china has the confidence, ability, and experience to safeguard the interest of the chinese people and the core interest of the company. chart.ring up a we have until june 15 and if we want to lower the trade deficit, take a look at this rate this is what you would need to do. by 547 boeing 747's. hefty increase. increase soybean sales by 13 times. not sure we have t

shery: i'm shery ahn. let's get a check of the major averages. u.s. gaining ground on this first trading day of the week. we have a using of trade tensions between the u.s. and china. all specters of the s&p 500 are in the green, let higher by industrials and financials. the nasdaq rebounding after two sessions of losses. david: for the first word news, we will turn to mark crumpton. mark: thank you. for the first time, president trump is using the authority of to counter the special counsel's russian investigation. the president is demanding the justice department look into whether the obama administration infiltrated his campaign. he responded by saying he has asked his inspector general to determine whether politics is tainted the fbi's role in the russia probe. the leading candidate to be italy's prime minister is i law professor with no political experience. the country's main newspapers are reporting he is the front runner to lead a new populist governor -- government. he has the backing of the leaders of the antiestablishment five-star movement

in his facebook post ahn says he is planing on reporting the woman to police for a hate crime. .s not been identified. ( james ) a san jose man is accused of killing his father and injuring his mother. duong luu and madison muong were arrested at their home in connection to the homicide of luu's father and the attempted murder of his mother. on sunday... police went to a home on senter road for a reported shooting. police found a man and his wife suffering from gunshot wounds. the father died at the scene and his wife was taken to the hospital with life-threatening injuries. police have not released a motive for the shooting. a candle light vigil will be held tonight at the spanish cove mobile home park at 6:45. ( darya ) also in the south bay... a teacher is arrested... accused of sexual battery in two different cases. now deputies are looking for more victims. christopher kaldy is accused of inappropriate contact with a student and another case involving a teacher.. he did surrender to police. kaldy has been a been a music teacher milpitas high school since 1998. he's been on a

shery: i'm shery ahn.stocks higher on this monday as we have seen trade tensions ease around the world. we are seeing the dow gaining 4/10 of 1%. it's the longest winning streak si since september of last yer. information tech rising today after president trump made a u-turn on blocking telecom equipment makers zte. look at what soybeans are doing because we got a report from "the wall street journal" because they are near a deal on zte and u.s. tariffs on chinese products. david: for bloomberg first word news, we turn now to mark crumpton. along thedeath toll israeli-palestinian border stands at 52. another 1200 palestinians have been wounded by israeli fire. the violence comes as the united states formally opens its new embassy in jerusalem. the un's secretary-general expressed concern about the escalating violence in gaza. >> the old conflicts never seem to die and i'm worried today with the news about what is happening already with the high number of people killed. largest bombing of muslim majority na

shery: i'm shery ahn.lang in london. shery: here are the stories we are following. bloomberg news reporting that president trump has decided to withdraw in the iran nuclear deal. this will lead to a new era of uncertainty. oil markets and stocks ahead of the announcement at the top of the hour. amanda: we are examining the political fallout from the potential decision from the president. let's get a quick check of major averages. we are seeing stocks lower today. dow is down .2%. s&p is also declining by as much. utility, telecom, and energy stocks leading. we are seeing the 10 year yield rise and get close to the 3% level. we had comments from jamie dimon warning of a climb to 4%. the dollar continues to strengthen. amanda: we are looking at oil on a daily basis. this price has been tied to this announcement by the president. we knew it was today. you can see the drop midday on the report from the "new york times" that they -- president trump had perhaps artie told emmanuel macron that they were pulling o

. ♪ ♪ ♪ is i'm shery ahn. vonnie: i'm vonnie quinn.sident and searching for a deal on trade funds. the trump administration is pulling a truce in the trade dispute. nerves butg investor may improve temporary -- prove temporary. it may be the final deadline for a new nafta deal this year. they want a deal if the president wants one pair we welcome michael mckee, bloomberg and the national economics and policy correspondent. let's begin with a nafta. we had a deadline that was supposed to be the final deadline last week. now we of two more weeks. is there a deadline? michael: there is a deadline if you want to get it done this year. it may or may not have passed. it has to do with the legislative process of when you have to publish things. -- reason they had too more two more wakes is a congress can stay longer into the year. they tend to make their recesses early. at least schedule them. there is some flexibility. right now, it doesn't look like they will reach a deal because they are far apart on many issues. there are no more talk sch

i am shery ahn:.: i am david westin. >> the prospects of a presidential interview with barbara mueller are dwindling. before going to dallas, president trump told reporters that he did not trust the motives behind robert lawler's request. president trump: i have to be fined we will be treated fairly because everybody sees it and it is safe your witchhunt. republicans have looking also? why don't we have republicans doing what all of these democrats are doing? it is unfair. if i thought it was fair, open -- i would override my lawyers. >> the president's attorneys considering negotiations about conditions for an interview and say they have concerns that extended questioning, robert mueller would try to trap the president into committing perjury. former donald trump campaign chairman -- campaigner paul manafort is in court, he is accused of hiding tens of millions of dollars from the irs didn't lawyers want the charges dismissed and say that robert mueller exceeded his authority. a time and place have b

shery: and i'm shery ahn.n analysis by bloomberg economics estimates oil touching the triple digit mark and that would shape .4% of u.s. gdp in 2020 compared with a baseline price of $75 a barrel. here to talk about why there is less than in the past is bloomberg's managing editor, gina davis. mi assuming that prices are higher than back in 2011. gina: the biggest reason is you are looking at inflation. $100 isn't what it used to be. that takes a few dollars off the price. secondarily, you are looking at in the u.s. more production. oilne who is importing during times of high prices are suffering the biggest hits. now you're talking about in the u.s. importing as much as 10 million barrels a day and that has dropped to 7.5 million barrels a day. the third major region the economists came up with is you are talking about the intensity for a gdp that has fallen. it takes fewer barrels of oil to produce economic output in the u.s. and globally than it used to. what point do prices hit the global economy and have

i am shery ahn:. david: i am david westin. reports that president trump has a tentative deal with china on gte. -- zte. there is hope that perhaps the deal between qualcomm and nxp; as will happen because with president trump reaching this tentative deal with zte, it suggests the trade stance, the conversation with u.s. and china may be such that the nxp deal will be approved by chinese regulators. it was talked about in october 2016 and it has been at a standstill. we have been waiting for months for rate with tory approval from china which has not come through. -- regulatory approval from china which is not come through. the u.s. stands for is the chinese phone company as softened. perhaps good news for nxpi going through with qualcomm. is dutch but 30% of their business comes from china. shery: nxpi is up more than qualcomm. >> you would expect qualcomm to rally and not clear why the reaction. perhaps some thinking that qualcomm has more skin in the game. they need the deal to come through and need the diversification. i, 4

i'm shery ahn. quinn. and i'm vonnie welcome to "bloomberg markets." ♪ >> from world headquartered here are the top stories that we are following. seeing red. stocks decline led by energy and industrials. protecting privacy and we will hear from former microsoft ceo and l.a. clippers owner steve omer on facebook's new feature to help your data safe -- steve ballmer on facebook's new features to keep your data safe. also coming in after the closing bell. julie hyman is with us as we are halfway into the trading day. i only see red on the board. julie: red because of earnings because of economic data. the dow is doing the worst of as we getaverages, weight from some of these economic data reports. when i talk about economic data, we have u.s. manufacturing. we see the drop in u.s. manufacturing in the month of april. it expanded at the slowest pace since july. prices rising for the fifth consecutive month. we have a nine-month low for manufacturing and prices paid that have been on the rise. inflation

. ♪ >> live from bloomberg world headquarters in new york, i am shery ahn. to bloomberg markets.e are joined by our bloomberg audiences. here are the top stories we are following some of around the world. political earthquake. backlash,candal spurs helping break the six decade grip on power. merger madness. we hear from goldman sachs's global debt from the first annual finance conference in california. the $20 billion rally. the chipmaker that has wall street buzzing ahead of earnings after the bell and we will tell you why. >> let's kick it off with a check of major averages. u.s. stocks are higher today off session highs but still at the highest level in three weeks. enough inflation data this morning. the dow is up for a sixth whileutive session telecom and real estate are leading the gains on the s&p 500. looking with the dollar is doing because it is heading to its biggest drop in almost two months after the inflation data became below estimates of the weaker dollar also helping giving a lift to commodities. >> i want a closer look inside the terminal at the core cpi. we kno

i am amanda lang. >> i am sherry ahn. is it on or off?ea has responded saying they are willing to meet whenever the u.s. wants to. just this morning, the president said maybe they would be having the summit after all. pres. trump; we will see what happens. it could even be the 12th. they very much want to do it, we would like to do it so we will see what happens. him bill fariome es. it seems that the talks behind the scene are continuing. yeah, that was the key line from the president this morning. we are talking to them now. whether the june 12 date is set in stone, there is committee case in going on behind the scenes. there is definitely the potential of this summit that was suddenly called off may be back on. maybe the weeks or months after that. the concernsf raised is that this is a situation that requires careful diplomacy. it is not something the president is known for. does this show that there is a motion -- emotion driving this? hard to saystill whether this is going to be more of a traditional summit to where you have mid-lev

i'm shery ahn. david: i'm david westin.emains a tough sawe for capitol hill as we when the agricultural bill went down to defeat because it did not address the immigration and the goodlatte-mccaul built we welcome the author of the bill. featuresan goodlatte the house of judiciary committee. he comes from the capital. welcome. good to have you with us. rep. goodlatte: it's good to be with you and sherry. david: give us a sense of where you are with your proposals. i understand you are considering changes. a vote whatyou got will they be voting on and when will they be voting on it? rep. goodlatte: we have been working for months to make improvements to the bill, to continue to gather support. there have been frustrations on both sides, both the folks who have filed a discharge petition, and the freedom caucus that want my bill brought directly to the floor. the speaker announced yesterday it will be back -- be brought to the floor during the week of june 21. there are serious negotiations going on with all of these parties

headquarters in new york, i am shery ahn. toronto,ive from t i'm amanda lang. shery: here are the stories we're following from around the world. equities rally in america as u.s. unemployment. any are two decade low. we headed to the hoover institution monetary policy conference at stanford university for a live discussion with the former president of the philadelphia fed. plus, can finance minister tell us why he is cautiously optimistic that nasa is moving in the right direction? a quickt started with check of the major averages in the u.s. and the session highs. the dow is getting 1.2% while the nasdaq is up 1.5%. headlines today can with apple reaching record highs after news that warren buffett bought 75 million shares in the first quarter. take a look at the different sectors on the s&p 500. is can see that every sector in the green right now. financials also are regaining those losses from the morning session and reversing two sessions of losses, while energy has turned green as the vti continues to rise -- wti continues to rise near $70 a barrel. presid

. ♪ shery: live from bloomberg world headquarters in new york, i am shery ahn.onto,ive from t i'm amanda lang. shery: here are the stories we're following from around the world. equities rally in america as u.s. unemployment. any are two decade low. we headed to the hoover institution monetary policy conference at stanford university for a live discussion with the former president of the philadelphia fed. plus, can finance minister tell us why he is cautiously optimistic that nasa is moving in the right direction? a quickt started with check of the major averages in the u.s. and the session highs. the dow is getting 1.2% while the nasdaq is up 1.5%. headlines today can with apple reaching record highs

shery: i'm shery ahn. amanda: i'm amanda lang, welcome to bloomberg markets. here the top stories we are following from around the world. u.s. stocks mixed today, but major benchmarks still on track for the best week in two months. president trump called out in america auto execs saying millions more cars should be tolt in the u.s., he speaks one of the world's largest automobile suppliers. and drug pricing also on the president's agenda today, is that to announce a plan to fight ballooning health care costs in the u.s. let's start off with a quick check of the major averages. we are seeing u.s. stocks mixed at the moment, the dow gaining for seven consecutive sessions and this would be the longest winning streak since november of last year. tech is dragging down a little bit in the broader market underperforming the broader market. index,look at biotech which is gaining ground today and investors are keeping a close eye on drug companies ahead of president trump's speech on drug prices today, though his r

from new york, miami shery ahn. david: i am dax. welcome -- i am david westin.ade show that in the white house as peter navarro says steven mnuchin was wrong about a trade war quote with china. mike pompeo meets with his north korean counterpart in new york. the groundwork for the summit being laid. the organization of american states says venezuela government has committed crimes against humanity. what will it mean for sanctions? an interview coming up. david: whether or not there ever was a trade war with china, the truce is over. this is according to peter navarro who went on npr to declare steven mnuchin's

shery: live from bloomberg headquarters, i'm shery ahn. i am amanda lang. here are the top stories we are following. u.s. stocks fluctuating and treasuries rising as investors await clarity over progress on trade talks between the two largest economies. what is next for venezuela? companies seizing assets and more u.s. sanctions are looming. amanda: lending supply of gold has the chairman of one of the largest gold companies calling for higher prices. we will hear from and harper. ian harper. shery: the dow recouping earlier losses. s&p 500 is being weighed down by the consumer staples. shares taking a hit. sliding as week reported results be treasury yield is down. 10 year yield is 2.1%. dollar is rising. take a look at what is oil -- what oil is doing. -- two may -- by rose in may. as you can see, raising drilling activity to the highest since march 2015. that has been weighed down by output. we have seen geopolitical tensions adding to the prices. amanda: you mentioned the u.s. dollar. it remains strong as we see treasury yields continue to rise. the can

shery: i am shery ahn.arkets, balance of power with the intersection of politics and the economy. david: there are the top stories , talking tough on trade, steven mnuchin and wilbur ross the u.s. delegation to beijing eking progress on trade but common ground may be hard to find. the president and the lawyers, the president keeps calling the russian investigation a muellert but robert seeks testimony directly from president trump even as president trump struggles with his own legal team. and wall street goes country, reports that bernstein holdings is moving its head quarters to nashville and partly the new tax laws to blame. shery: breaking news from china, beijing is not backing down from u.s. trade threats as senior government officials tell us that chinas

and i'm shery ahn. welcome to "bloomberg markets, balance of power." the intersection of politics and the economy. here are the top stories we are watching at this hour. automaker stuck between a rock and a hard place . is administration's clash pain point as administrators visit the white house. and on the agenda today, the president setting out a blueprint to curb the ballooning health care costs in the u.s.. president trump will face his biggest dealmaking challenge next month, the stakes are high for his historic meeting with the north korean leader, kim jong-un. p.j. crowley joins us with his insight ahead -- his insight, ahead. ♪ shery: the white house -- today, president

from new york, i am shery ahn:. david westin and welcome to bloomberg markets: balance of power. shery: here are the top stories we are watching. what a difference when he four hours makes in the donald trump white house, after saying the summit with north korea was not happening, it could be back on. on the originally scheduled date. .e have on kevin rudd how damaging could the auto tariff be on the economy? we will talk with eswar prasad of cornell university. vladimir putin states do our editor in chief as he hosts his major summit in st. petersburg. what did he say about the relationship with president trump? halfway into the trading day and looking bit mixed. let's look at the markets with julie hyman. clearly: there's

shery: and i'm shery ahn. welcome to bloomberg balance of power.he top stories we are watching. from talk to action, president trump will impose tariffs on imports from europe, canada, and mexico at midnight tonight. litigation to reciprocal tariffs. inflation in consumption numbers continued growth, while european inflation surprises the upside while we wait for u.s. job numbers coming tomorrow. and is the president right on china? a new book proposes that president xi is seeking global leadership even as he restricts global capital and goods. david: countdown to midnight. wilbur ross announced the united states w

i am shery ahn. david: i am david westin. welcome to "bloomberg markets." intersection of power and the economy. trump extendsnt tariff exemptions for the eu and canada. revealingetanyahu information, hoping to sway president trump to pull out of the iranian nuclear deal. we will hear from senator ben cardin. i have this hour, some big news from the milken conference, the ceo of fannie mae and jane harman are among our guests. ♪ david: 30 more days. president trump has extended a temporary exemption for steel and aluminum

andy: i am shery ahn: welcome to bloomberg markets: balance of power. david: loving the jobs. the jobs report by says u.s. has to bring fairness with trade to china as the delegation says more work needs to be done. , we talk withise outgoing new york fed president taylordley with on appeared -- john taylor. as president trump goes to , weess the nra and dallas fromto the representative florida where the shooting took place. what happened to all that talk about gun control? ♪ shery: two days of

this is bloomberg ♪ ♪ shery: this is bloomberg markets: balance of power, i am shery ahn.i am david westin. we heard warnings about the effect on high tax states like new york with the tax-cut. limits to state and local taxes and we hear alliancebernstein will move from wall street to nashville because of the tax differential. welcome our new york euro chief, jason kelly. getting ready for country-western. >> it is amazing, the story is catching fire. wonder, if you are around wall street, this is a southern canary in a coal mine. as you say, the taxes are definitely part of it. a lot of southern states, including tennessee, nashville, taking advantage of these high tax jurisdictions and getting people to come down. alliancebernstein set out on an amazonian search for a new headquarters. they went to three cities and looking for lower cost of living , education, quality of life. cost is a factor on wall street. shery: could this imply the beginning of a new trend? we see other firms owing to other low tax states. >> deutsche bank is bulking up its offices in other places,

shery: i am shery ahn. welcome to bloomberg markets balance of power.he top stories we are watching the start. reaching for the summit. reachent moon jae-in will the white house this hour for a meeting with president trump as they prepare for the summit with kim jong-un. we speak to the chairman of the house homeland security committee on immigration, the border welcome and north korea. , markology tour zuckerberg appears before european lawmakers, trying to reassure them about facebook's use of data of its 2 billion users in the wake of the cambridge analytica scandal. president trump set to meet with south korea's president moon jae-in this

shery: i am shery ahn.o bloomberg markets balance of power with a focus on the intersection of politics and the economy. david: decision time, president trump is about to announce his decision on withdrawing from the nuclear deal with iran. there are conflicting reports on what he will do. will it put an end to the question or lead to further negotiation? how will u.s. allies react? it is primary day in four states. what will we learn about the elections in november and the odds of republicans holding onto the house? we will meet with tom price, former secretary of hhs. we will talk to him about washington and the trump administration. oil has been all over the

i'm shery ahn.bloomberg markets: balance of power was an intersection on politics and the economy. david: who said it was going to be using? -- easy? north korea cancels high-level talks with the south and says the summit with president trump is in doubt unless the u.s. withdraws from military exercises. out of the loop. president trump told senate investigators that he did not -- and that he never colluded with the russians. come cheap.oesn't novartis fires his general counsel. and the ceo tells 5000 of its managers that the company has to work to regain public trust. >>

shery: i am shery ahn.rg markets: balance of power" with a focus on intersections of the balance of politics and the economy. voicing the objection to the trump administration's decision to impose tariffs on $50 billion of chinese goods. pennsylvania could be a snapshot of what is to come in november. battleground states could be a sign of whether the democrats are ready to take control of the house. president erdogan says sanctions are not the path stability in the middle east. more from that exclusive interview ahead. gearing up for round two, china has dispatched a delegation led by the top economic advisor to xi jinping.

shery: i am shery ahn in washington. let's get a check of major averages. we are seeing u.s.cks higher. the dow up for the fifth consecutive section. president trump pulling from the iran nuclear deal. that sent oil past $71 avail. the nasdaq is gaining half a percent. we do have treasury yields and treasury auctions in half an hour. a $25 billion auction on 10 year notes, 10 year yield up. >> three americans arrested and north korea are on their way home. flying back with secretary of state mike pompeo who went there to discuss the upcoming summit between president trump and kim jong-un. the president tweeted that he will meet the plane when it lands early tomorrow, around .:00 washington time thursday he says the freed americans seem to be in good health. to headident's choice the cia is testifying at her senate confirmation hearing. gina haspel is promising the spy agency will not resume waterboarding and other interrogation techniques used on terrorists after the 9/11 attacks. inthere is no better example implementing lessons learned than what the agency took away from th

shery: and on shery ahn. david: here are the top stories we are watching.g trade concerns for the white house. trump is said to meet with china's top economic envoy out the white house while the nafta deadline slips by without any resolution. john bolton could be a spoiler. the hard part is over for italy's coalition. the populist parties have resolved most of the big issues, but they still need a prime minister. ♪ julie: xi jinping top -- shery: she's in

. >> commissioner ahn. >> thank you, donnie. have been very appreciative of your work on behalf of the nonprofit that i work for that you have been so true to community, and i think the highest praise to bestow upon someone true to the community. thank you. >> do you have an explanation? >> you know, first of all, thank you for the kind words. it was an honor and pleasure to work with the city of san francisco and partner to celebrate the commission's work and get that out to the public. this was an interesting time with mayor lee passing. opportunity for reflection of his tenure as mayor and my own contributions at that time to the department, also having my second child who is not here. the oldest is here joining me. just what it means to be the parent of two in san francisco. we want to give our children all of the opportunities that we could afford, and that gets challenging in san francisco. an opportunity was presented to me from the state of oregon. i thought it was an opportunity to take what i have learned here and brin