that was bloomberg's white house editor, alex wayne. up, another day, another pending shutdown. we will see how the budget is faring on capitol hill. this is bloomberg. ♪ shery:shery: breaking, we see that selloff in the markets as the losses are. back a little bit right now. the dow down 1.7%. than 400 points, every sector on the dow is in the red. the s&p 500 also down 1.5%. wiping out about $1 trillion in market caps this week alone. the nasdaq down 1.6%. one-stop not doing too bad, twitter after its first real profit is surging. everybody else seems to be taking a hit. david: even as a selloff continues, not everybody is concerned. here is what new york fed president bill dudley told bloomberg earlier. >> the applications for the economic outlook are very marginal. probably not going to change our thinking about the economic outlook. andt were to go on further, be much more persistent, then it could start to affect household and business spending behavior. that could start to influence the economic outlook heard so far, i would say

. >>> joining me is alex wayne, white house editor for bloomberg news. alex, let me start with you. pick up on what i was talking to jeff bennett about a moment ago. i want to play a minute from one of the white house deputy press secretaries. the takeaway from this indictment handed up yesterday. let's listen to what he had to say. >> the president said it multiple times, this makes it clear and concise for the american people and proves the president correct. no collusion between donald trump, his campaign and russia. and also i think this is important, too. it did not affect the outcome of the election whatsoever. what the russians are trying to do is outline by deputy attorney general rosenstein is create chaos in the american election system. >> let's fact check or pick apart there a little bit about what hogan giddly had to say about this did not affect the election. that's still yet to be determined, isn't it? >> rod rosenstein yesterday did say that the meddling by these russians did not impact the outcome of the election but i don't really know how he knows that. that's not

as alex wayne, great to have you with us.g that these indictments indicate there was no collusion. we're still talking about vacuuming -- tackling issues like this. >> sarah huckabee sanders was pressed about what the president is doing to prevent russian hacking and russian election meddling. the russians have not been deterred after their meddling in 2016 and they will try again in 2018. she sort of stumbled on answers. she claimed the president has done more than obama ever did to put pressure on russia including by creasing the defense budget but she sort of danced around these sanctions that congress has asked to punish russia for the meddling. lisa: what can we be looking for going forward to make sure the white house is taking that's to make sure there is not involvement or meddling by russian actors in the midterm elections? sarah huckabee sanders said the white house is talking with state and local officials about how to strengthen election systems against meddling by russian actors. lisa: but that wasn't the issue i

we get to washington with bloomberg white house editor alex wayne on this interview with steve mnuchining to say here. the trump administration thinks the tax cuts and additional federal spending the president has signed into law in the past couple months will wage -- will raise wages without afflicting broader inflation. it is kind of contrary to standard economic policy and things we see in the markets these days. investors are getting nervous that prices may be rising as a result of these politics. betty: is there a sense the white house is nervous? divya: no. [laughter] betty: ok, alex. alex: no, i do not think the white house is nervous about that. they have not expressed that publicly. they have not done anything so far to restrain spending. although i should add at that in the budget they released a couple weeks ago, the president's budget is an aspiration of document. it is not actually policy. they propose some deficit cutting in the future. addeday be in the budget, to concern the spending increases could lead to inflation. president,seems the every time the market is up at r

alex lion will take over. wayne simmons shoots.olan patrick knocks in the rebound the flyers regain the lead. after the rangers tie up the game, travis co nechy gets the loose puck and gets his 15th goal. in the third captain claude giroux skates on in and scores his 200th career goal and moves into seventh place tie in the flyers all time with john leclair. alex lyonn with 25 safes. first nhl win. the flyers beat the rangers seven-four. three points out of the first place in the metropolitan division. >>> lebron james calls it the best weekend of the season and the best in the nba will be hitting the court for the all star game. joel embiid will start. and steph curry. joe joe says he's pick the brains of stars to see what works for them. at media day the process was asked what '90's movie he would be in if they did a remake? >> coming to america. because i'm african, you know, i came from africa and this is like a dream even got the chance, um, i made most out of this and i'm here and i still got a long way to go. probably coming

back up alex lion would take over and get plenty of help. second period, wayneme the rebounds, fifth goal of the season. four-four, travis connecting remains on fire. he ripped, his 15th. the flyers go ahead for good. in the third, claude giroux. little iron, that's career goal number 200, he is now tide for seventh place on the flyers all time scoring list with john leclair, alex lion get first nnl win in relief. seven-four, is the final. they've won six of seven. they're four-point out of first place in the metro division. >> stretch of ten games, like no one quit on each other. therefore etch other every game. we know we deserve better a lot of signs weren't going our way. it is part of hockey. and you know when you go through some adversity it, builds a lot of character, a lot of relationship on the team. now if you look it is just, you know, kind of mature team. and pretty good contender, hopefully we can keep pushing. >> the 60 running of the daytona 500 yesterday. that is peyton manning. the pace car. retirement treating him obviously pretty well. two lap

alex ryan will start against the canadiens tonight. and the flyers won six of their last seven but playing without wayne simmons.injuries. >> power play and like i say, it's something that happens to everyone in the league. we have to grind it out without him. >> jaime apody, channel 6 "action news." >>> to baseball the phillies have a game in two days exhibition at the university of tampa and open grapefruit league on friday. >> and getting the smiles right. picture day for the phillies. a different feel in camp and that has to do with the new manager. gabe kapler has simple clear demands of his flares. >> we have high expectations and come prepared and bust your [ bleep ] and all over the next day. that is what they did. they started out on the right foot coming prepared and blusting their [ bleep ]. we are confidence they will do that. >> a game in two days. >> what was he saying? >> we can't say it. it was bleeped. >> work hard. >> cecily tynan has the accuweather forecast when we continue in just a moment. >>> records falling all over the place today. >> and warmer tomorrow. we have the fog in the morning a

latest flyer to go down wayne simmonds out two to three weeks with an upper body injury but that could in the stop orange and black from staying red hot. last night backup goalie alexn gets the start over new acquisition peter mrazek. patrick always had a strong performance that is noland patrick, he ties it at one with his seventh goal, flyers down one here, less than two minutes left, jake voracek from sean couturier and it finds, twine. we will go to overtime. that is where voracek, comes up big, again. his ninth career overtime goal , and it wins the game, three-two. the flyers will hoe blue jackets tomorrow night and it is a two-points up on the devils, for third in the metro >>> eagles have finally decided to promote two coaches within, after their super bowl victory. espn is reporting eagles receivers coach mike groh has been promoted to offensive coordinator, former eagles oc frank rabies now head coach in indianapolis, with groh heading the owe even if duce staley will stay as running backs coach, and, then he gets the shiny new title of assistant head coach, eagles have not yet confirmed, those reports. >>> and it was picture day in clearwater on tuesday

. >> alex and christine, you talk if anything has changed after parkland, you look at the students and activism. you think it could be a turning point. you see wayne going back to the same talking points. same thing after the newtown shooting. the only thing that stops a bad guy with a gun is a good guy with a gun. they have failures, but they are using that to frame their argument. we should not be held responsible for the failures of law enforcement. you see him teeing this up. >> there was a good guy with a gun who sought cover when the firing started. the president who is talking about arming teachers and giving them bonuses. the president sort of finally seeing this school shooter generation. he talked a little bit about these drills and idea we have active shooter drills. listen. >> shooter drills is a negative thing. i'll be honest with you. if i'm a child and i'm 10 years old and they say we will have an active shooter drill. people may come in and shoot you -- i think that is a negative thing to be talking about. i wouldn't want to tell my son you will participate in an active shooter drill. i know some of them actually call it that. >> h