we are joined by a white house editor alex wayne from washington. have already heard of deals worth $9 billion. what other concessions could we expect from this visit? alex: trump is hoping to come home with about $250 billion worth of deals but let me add and asterix. these deals are expected to be in the forms of member -- memorandums of understanding, not exactly contracts. it will be an interesting experiment to look back and see how many deals materialize. vonnie: talk a little more about ,hat is coming out from axios that the senate is talking about not releasing the tax bill on their end. alex: that is a little bit out of my daily wake, but i can speculate that republicans are still having a little trouble coming to an agreement on some pretty thorny issues like the state and local tax deduction and adoption tax credit that republicans in the house proposed eliminating. the ability to deduct medical expenses exceeding i believe 10% of income. these are all real hits to the middle class if republicans actually include them in their tax bill an

so much.ex, thanks alex wayne in washington. and laura davidson, she is with bloomberg tech. alex len wayne is the white house editor there in d.c.. scarlet: the market close is next. big name tech names are declining. the s&p is little changed. from new york, this is bloomberg. ♪ ♪ [applause] >> "what'd you miss?" flu,,turn of the fang but the dow is at a record. >> i am scarlet fu. joe: i am joe weisenthal. "what'd you miss?" we want to welcome you to our closing bell coverage. the nasdaq is the mover we care about the most. 1.3%, while the dow climbing to a record high. joe: it's not often you see that. definitely the story of the day. facebook, amazon, netflix, alphabet. tle with a 5%ol bounce as it tries to recover. optimism thatme the replacement will push the recovery along. the recovery has been too slow for many investors. autodesk seeing its worst day since 2005, adding fewer subscribers than expected and lowered guidance. joe: the government bond market starting in the u.s., a solid move higher, especially if the long end, some steepening. a substantial move in the

joining us now is bloomberg's alex wayne. talk about the logic of this one. we know cyber security concerns -- >> donald trump has repeatedly voiced his displeasure. it is hard to believe this is entirely about security. i believe politico first reported that chief of staff john kelly's cell phone was found to have been compromised. there is concern foreign adversaries or able to access his personal phone. this ban is provoked by some real concerns and security. >> it would be replaced by device. >> it could kick personal devices off the white house wi-fi network. it will probably serve the same ends. will he no longer be able to bring his personal phone? he will find a way. >> alex joining us from our washington bureau. it might make it much easier sometimes. mexico's finance minister resigns to run for president. details on this cabinet change next from new york. this is bloomberg markets. scarlet: let's turn to mexico just hours after resigning his post as finance minister. there have been a lot of changes as of late in mexico. the central bank governor is

alex wayne from washington, thank you so much.ing up, we talked to the ceo of a company that helps run digital going tells, what does he say about the future of cryptocurrencies? everyone has an opinion on this one. from new york, this is bloomberg. ♪ ♪ julia: what'd you miss? nothing grabbed wall street's attention like a template return, investment analysts in a conference in manhattan. the event spaced into a standing room only affair. let's get insight on the future of cryptocurrencies with chief pointlessoperator of -- kwame less. coinless. what's going on with bitcoin? >> it has been crazy. bitcoin hit $10,000 a going this week or the first time. arbitrary as any metric, it is a really important signifier of the attention put into this space. we are seeing a move towards people paying more attention. for us, we are seeing more attention paid to the space might investors and individuals. joe: for a long time in the people would see the value of these cryptocurrencies, the price will rise. how much of what we are seeing now is

all morning long leaving local detours in germantown, 200 block of manhe im just off of wayne avenue. mike and alex, back to you. >>> a fast moving fire in germantown send seven people to the hospital including one fire fighter and crews have just gotten it under control. >> lets get out to lauren, what do you see now, lauren. >> reporter: hey there mike and alex, fire crews are back inside the home on the top floor where they had trouble earlier this morning when the fire jumped several floors up to that top floor and had roof burning badly. lets roll video when we arrived in the 200 block of manheim, flames were pouring out of the side window of one of the row homes here when fire fighters arrived. fire was on the ground floor burning on the front porch. within minutes it was creeping up to that top floor making it very dangerous for potential of the roof or the floor to collapse while fire fighters were still inside. great news if there is any of that in all of this is that everyone escaped safely. >> all occupants were able to selfie vac wait, however, right now we have six going to local hospi

have to work back and park the car either at saint david's station or the wayne station for the morning rush hour. mike and alex back over to you. >> we got to find this guy. a teenage murder suspect, still on the lamb after a breaking free from the south jersey detention center. >> so steve keeley is joining us now, because we're entering a second day, and still searching for him. steve? >> reporter: a second county, as well, so now we're in the county seat of cumberland county, which is not easy to get to from where they escaped up in atlantic county. this is 37 miles away. but there is no super highway state arrow here. remember, they crashed that car that they escaped from, that they got from the guard, only six blocks outside of the detention facility. how they got from the crash site to here we still don't know, and don't know if the authorities know and aren't saying. somehow they got to bridgeton where ten hours after their midnight escape three of the four were caught. that fourth now 32 hours on the run, and maybe the reason why they're in bridgeton, news is his hometown, his family is here, where aut