we will look at the next 10 days and show you that we have a little touch of heat and showers andng with storms, especially through monday. after that, a cool august day. seven is on your side, getting you ready to head back to school. we are teaming up with united way and d.c. united twos up the bus. bus. stuff the >> i can tell you this bus is almost there. items, all these pencil heretuff the bus project is amazing. we love what we are doing and we want to see you coming down here to the safeway on 14th street in southeast. it's an amazing project and a great way to give back to all the kids in need. joined by we are emily peltz and. she is going to tell us why this project is so important. gets the opportunity to people excited. so many times, students show up with nothing. having supplies to get them ready for the school year is so meaningful to them. i have been at a few different .chools for seven years we are excited to go back next week. >> when kids get these items, their christmas. i was excited to open a brand-new notebook every year. what are they like when they get these it

to say we do finally have a president that is not going to let our enemies know after them andng i'm proud of our president and i the good he keeps up work and not let the pressure of media try to tear him down everyday. thank you. heard s far as what you last night, what gives you confidence about what he had to say about afghanistan, the he said about it? caller: specifically, he will ot let the enemy know when we're coming after him, specifically. the president before it let them ahead of and months time before they showed up, they were either gone or they're for us. this president will not do that. host: larry, should he have specifics as far as number of troops that might be committed to this effort? why should he do that, giving the enemy benefit of knowing what we're going to come we're going to come, why should he do that? baltimore, rom maryland, independent line. caller: oh, hi. thanks for c-span. of the last gentleman was right on that point. the point i don't see being made is how much progress he made muslim countries when he over there. they have finally gotten together

devastating cycle and they will cripple these kids either in saving their brains evolved in their lungs andng. pneumonia. it's not advancing. any idea why? >> this toddler had just died from the measles that invaded his lungs from the lack of a 29-cent vaccine. i went on to realize my calling was to be a writer and i couldht write for the newspaper and that was a moment of truth for me and he could go on and be a medical writer and i was lucky enough to be doing that in the 20 years most of the time it's like going from the red sox to the yankees but we are all one big happy family and there is lots of crossover.the why write a book and what is it about encoding to touch on thres major points one is derived and used to make many vaccines the most important is to rebel the vaccines. they were often abused and used in the race to get new therapies and vaccines. it is about a fans dying of cervical cancer and they took cells from her womb and theybe became a ubiquitous tool in medical research. they spent time examining the impact on her family who was left behind and so the book was foremost in

it.ontinue to refine will see tremendous improvements from us in the andng weeks as we ship those additionalels to come. emily: will there be a waterproof one? >> in due course. we recognize that is one of the things that we need to do more on and trying to advance other elements of this and drive next year's model. emily: talk to us about what is next. this is just a starting point. what's to come? >> we have introduced a home product. that is a big swing at not only also foriot space, but os.w system called ambient it is built for a world that has 50 or a hundred interconnected devices in your life where people today only have three or four. when andy started android, they only had one, your desktop. so every three years, we have a changing computing platform. in the long term you have to have a new paradigm for ai computing to really make this world of iot easier for you. emily: what about this idea that one of the essential tenets of essential is that it will relieve us of the problem of checking our phone every 10 minutes. >> we have outlined that in a fair amount of detail. the phone i

dustu mentioned about the settling on health care, what do you recommend for the bipartisan csr's, andng up for you see the health effort being piecemeal rather than another attempt at a big package? >> we will have to sort through where we will be on that. about then old saying traint part is the leaving the station and the luggage is left behind. we are sorting our way through that one and consorting with our members appropriately. the hill. just curious about what your thoughts were about the speech president trump gave yesterday on tax reform, and what you think the administration and congress needs to come out with more specifics on tax reform. >> first, we appreciate that the foursquare behind tax reform. that was his most compelling statement yet. there is no doubt where his views that we need to get tax reform done. we very much appreciate that. we learned, once again, over the eight years of the obama administration that tax reform is impossible without the support.'s strong president obama was not particularly interested in tax reform. despite a lot of work by a lot of people i

andng us now, eric lonergan jonathan bell. you make of these trump comments on the debt ceiling. i always was told the debt ceiling was huge because you had to get it through to get tax reform. now he's campaigning against himself. >> you have to this come in a here between what actually matters and what is trump. trump so far has been a lot of sand and fury signifying very little. could the debt ceiling manner? it could. you could make a circumstance where it matters. does trump matter? the evidence is much less. what we have learned about u.s. political institutions is the presidency is extremely constrained. the republican party is not really united, 70 can't legislate. -- not really united, so he can't legislate. i think trump toomey has been predominantly a non-event. he is the first celebrity president and has been good at creating headlines and generating noise, but if you look at the world and ask if anything has changed, i'm not sure if anything concrete has mattered. francine: but is there a danger in writing him off

it's a lot of technical and andng conversation to -- clo are actually different. and boring conversation to go through. who have bought loans all the last two or three years of become very popular in mutual funds, and honestly the zillow is a wrapped up series of loans and the senior part of it has a lot of credit support and trades relatively cheaply. is it out of bounds? certainly if you think it is a high-quality asset, it offers an attractive yield. ok, what about corporate bonds? how is that space evolving in this part of the world? people worry about what has happened to the dollar. we have seen more issuance in indigenous currencies. >> first, corporate bonds themselves, we are a little nervous. if you buy into the fed hiking , inflation rising story, then that is probably not great for earnings. corporate bonds have rallied quite a lot. leverage is high. these things generally lend to underperformance in credit. within worried about underperformance in credit whether it is investment grade or high yield. there are opportunities in some markets and away fro

references andng it is much smaller than that.t is highly concentrated and it's a big hub for foreign travelers and tourists to congregate which would have made it an ideal prospect for terrorists. manus: very good morning to you, well. we now have the government that five suspects were killed and six civilians were injured and that is connected to the attack on barcelona. given your experience of how these issues are handled, this is now about reassuring travelers and indeed, the residents, that security services has gotten a grip on the situation and there are no further potential risks. >> it is really important for them right now to reinforce the fact they have control of this and authorities have responded very appropriately. we are seeing a lot of uniforms across barcelona, many of the hotels have taken robust procedures, walking off the vehicle access points and inevitably, there is going to be an air of concern and anxiety amongst not only those people that are visiting the city, but some of the residents. people are anxio

clear andng for a cogent stand for what we are against. how come we cannot have half a dozen points we will fight like deathsomething tax. why does the opposition have clear goals? we are against this. why is that? can't we be negative, too? [laughter] >> who wants to go negative on the panel? >> progressives love governing. >> part of our challenge is our progressive base. it is a generational break right now. the older folks are stand up and stop and prevent. ,et's prevent what he is doing let's stop the damage. the millennials are not negative. they are resistant. want to make good things happen, i want to help people. we have to have room for both of those in the conversation. when we talk to young people, it junior-college or whatever we want to talk about. it is more program oriented and more doing good. our older folks are stop this guy. isn't the millennial generation likely to be identified as a party affiliation? i occupy a lot of spaces in the community college world in california. you came to visit my classroom in 2014. i think

andng our existing brands scaling them faster and launching new brands. announced a new brand coming to the u.s.. we have a leading position with holiday inn and holiday inn express, some of the best-known brands in the world. another brand underneath that, percent lower than that. launching a brand against the segment we can scale up quickly and become one of our great scale brands for ihg. driving twist will be stronger performance against what we have historically done. windows -- wind ham, your competition, they are doing what you set the pathway for. the others have perhaps rotter suite of brent -- broader brands to choose from. this will get harder to deliver the barr twist? and i both travel a lot and we are expecting unique experiences wherever we go. whether a once-in-a-lifetime holiday in bora bora, staying in an intercontinental or a get away with kids, customers expect consistent brands that mean something. focus is keeping our brands relevant, innovating, whether new guestrooms, new beverage offers is, new markets and launching new brands. ha

doing the right thing, retracting the story, posting a real correction or apology, there is a very try andng effort to post the smallest possible correction in the most self interested way possible, and then deny any responsibility and liability for it. that unwillingness to a knowledge a mistake i think resonates strongly with people, and certainly our clients. evenat about the fact that if we take what you said as true, which it may well be, the number of mistakes that are made in relation to the number of facts in a daily newspaper are infinitesimal? there are tens of thousands of facts in a newspaper, and maybe there are 10 or 15 corrections. certainly not a libel suit. the rate of mistakes is minimus. somehow that seems to fall out of people's analysis. >> i think that is right, but not all mistakes and corrections are created equal. a lot of stories are truly inconsequential. but when a reporter is investigating a story and has an idea about where the story is going to end, what the conclusion is they want to print on the front page of the newspaper or blog post and shakes the facts to

andng up later, a columnist an economic adviser joins us about market reaction to yesterday.e jackson hole meeting. and what we can expect and why it is important. live from new york, this is bloomberg. ♪ >> this is bloomberg daybreak. i'm emma china and this is the green room. coming up in the next hour, this is bloomberg. now for your bloomberg business flash. china's largest personal computer maker faces a surprise lost. position as the top pc company. the smartphone unit continues to lose money. its first loss in six quarters. , the case with their chip case is at a loss. the two sides have not been able to come to an agreement. china is putting further limits on overseas investment. domestic companies will be restricted from making investments in real estate, hotels, entertainment and sports clubs. notchinese pullback will make a dent in u.s. commercial prices. there were a lot of headlines around how much capital is coming out of asia. it is broad-based. the comes from a lot of places. we are selling assets to european investors, middle eastern institutional investors.

getdata, on friday you consumer confidence. , andng seven-year notes tomorrow august adp employment,, personal income, personal spending, initial jobless claims followed by pce. friday is the august jobs report. i want to start with the -- today. you have the five-year relatively ok. what do you expect for the four-week bill? usually you don't care, but we do now. mike: right now in terms of demand with the risk off sentiment, there will be plenty of demand. i think the government shutdown concerns get overblown, so i think investors in the event there is a discount, treasury securities, they will take advantage of that. the bigger question is longer-term around supply. we think they will issue an enormous amount. in the event of a tax cut, which is a decent chance, that changes the fiscal situation significantly. at the same time, the fed is trying to reduce the size of the balance sheet. just as we had this discussion about being short treasuries, longer-term the idea of owning a lot of government bonds is not a great investment idea. alix: where does the curve in supply come? mike

andng up today, david gura myself, and important conversation about automatic data processing.loomberg. ♪ reporter: this is "bloomberg surveillance" and i'm taylor riggs. bill ackman has taken the next step in his fight to shakeup the company, nominating three people to the outsourcing company, including himself. he says he will hold a public webcast next week to discuss ways of and locking value at adp. the rental car industry is getting worse. avis has slashed the annual profit forecast. they have been hurt by the ride hailing companies. the valley of the cars they own depreciate. and google has fired the offer of a controversial memo on gender differences. an engineer wrote an internal note arguing that biological differences play a role in the shortage of women in tech and leadership positions, also saying that google silences political opinions. that is your bloomberg business flash. francine: south africa's parliament will vote shortly on a motion of no-confidence on jacob zuma in a secret ballot. he has survived several previous no-confidence votes. the vote boosted over

little on par with what we saw in the last quarter and the highest level in the last year or so. , andngtill with us is omair sharif. where's the strength and where is the weakness? art: we look at being halfway through the season and s&p 500 has clearly done better on the the bottom line in the top line. the interesting thing i think is that guidance has been mediocre at best. as the only real drag in the market right now. if you look at the back to my quarters of double-digit earnings growth, certainly significantly higher than expectations coming in both on the bottom and top line. you get the sense that there is guidance going forward for the back half of this year and into next year that have a lot more to do with not knowing what your tax rate is going to be and how soon we might get some policy objectives accomplished coming out of washington. if there's one thing to say that's negative about the earnings season because it has not been stellar -- it has been stellar, it's guidance has not been crystal clear after two great quarters in a rough. alix: i love that you brought that up