the chairman of aic, barry diller joins us live from boston. plus, we hear from joshua green steve new book about bannon, donald trump and the presidency. ♪ vonnie: back to our main story today, the gop's senate house health care bill -- donald trump acknowledging he's disappointed in the results, "we are not going to own it. " in 2018, the margin was too narrow. to kevin cirilli. andlso have sahil kapur megan murphy. speaking to you a few hours ago. this is the third version of the gop health care bill. now, even a repeal one pass. what was senator mcconnell thinking? mcconnell's efforts to put together a straightforward repeal of obamacare have failed with three female senators and saying they will not actually do a vote to have the bill go forward in the senate. this was an interesting political move, it was an attempt by mitch mcconnell to -- in past moves, had voted for the repeal of obamacare. e are in a different political situation of it this has been a disaster. this bill has now failed. but committee exchanges and the health care syst

. >>> still ahead, barry diller's take on president trump. the streaming wars, media mergers, much more that's next. one of the most interesting guys in american business i joined the army in july of '98. i did active duty 11 years. and two in the reserves. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. it actually helped to know that somebody else cared and wanted make sure that i was okay. that was really great. we're the rivera family, and we will be with usaa for life. usaa. we know what it means to serve. call today to talk about your insurance needs. so that's the idea. what do you think? hate to play devil's advocate but... i kind of feel like it's a game changer. i wouldn't go that far. are you there? he's probably on mute. yeah... gary won't like it. why? because he's gary. (phone ringing) what? keep going! yeah... (laughs) (voice on phone) it's not millennial enough. there are a lot of ways to say no. thank you so much. thank you! so we're doing it

scarlet: that was barry diller speaking earlier on bloomberg markets.ck now of the headlines on bloomberg first word news with mark crumpton. mark: president trump is reacting to senate republicans pulling a repeal and replace health care plan after they failed to gain the necessary republican votes to pass the bill. during a lunch with service members at the white house, the president said republicans should let obamacare fail. trump: we have had a lot of victories but we have not had a victory in health care. we are disappointed, i'm very disappointed because even as a civilian, i've been hearing about health care and hearing about repeal and replace. leaderenate majority mitch mcconnell says there will likely be a vote to repeal obamacare in the very near future. russia has issued a new warning to the united states that might expel u.s. diplomats or shut down its property in russia is diplomatic compounds in the u.s. are not reopened. in response to reports of russian meddling in last year's election, the out going obama administration last year expe

eastern, tune in for barry diller, the iec chairman.earnings today, it is the tale of the flatter yields curve turning -- hurting goldman sachs and bank of america. inc. of america the most sensitive to rate changes among u.s. banks. it had a weaker debt interest income and goldman sachs was off by 40% year on year. joining us from chicago is jeff harte, sandler o'neill analyst. what is your take away this morning? >> good morning. for bank of america it was a good looking quarter. the interest income was less than we expected but it looks to be driven more by a trading rally which has fallen into a couple of different revenue buckets. there were a few items to back out but clearing out, it looks like a solid quarter to me. goldman beat as well, which is good, and the concern there is the trading number. it looks like it is going to be the second consecutive or not only missing expectations but underperforming that is going to fuel questions on what is wrong with the goldman sachs franchise. alix: that is a great point and part of that

dillere: that was barry on stage with our own erik schatzker.'s turn to the markets, where the nasdaq is recovered from the recent tech fall back to close at a new all-time high. as we head into earnings season, the current value of big tech stocks are being called into question. that's go to abigail doolittle in new york. you've got it all for us. talk us through these moves. reporter: it's a pretty remarkable session. it traded higher and finished at an all-time high the first time , we've seen that since june 9. erasing the mysterious tech pullback we are not quite sure , what has behind that, but it seems investors have more confidence in this highflying sector. to your point about highflying valuation, valuation is pretty high. we can take a look at g #btv 5201. this shows what we are looking at relative to valuations. long-term pe of the s&p 500 tech index. we see that in the bubble of 1999, 2000, skyhigh. a multiple of more than 50 times. now right above the multi-year high at 19 times, some investors say that is relatively rich, highest

convention held in boston.our bloomberg editor at large eric sachs -- erik schatzker sat down with barry dillerdiscuss how ai has been used for business. >> we have been using machine learning and artificial intelligence for years. because theerated computing ability, the ability to compute faster and faster, has accelerated. but artificial intelligence it is scary, and promising, and all of that. , they havemputers the ability they don't yet have, they can distinguish pictures, but they can do it yet with understanding language. they are really close. that really is going to be the big, big motivating change. caroline: that was buried in on stage with our own erik schatzker. whereturn to the markets, the nasdaq is recovered from the recent tech fall back to close at a new all-time high. as we head into earnings season, the current value of big tech stocks are being called into question. that's go to abigail doolittle in new york. you've got it all for us. talk us through these moves. reporter: it's a pretty remarkable session. finished --her and an all-time high, the first time we've seen that

existing investors include marc benioff and barry diller. it is a good time to be lyft.ide hailing business has been booming while their biggest uber, faces exits in a string of self-inflicted scandals. booking crew about 25% to more than $1 billion in the second quarter. the growth rate is also factored in with bloomberg, which tells investors it expects growth only in the mid teens. joining us is eric newcomer, who covers both company -- companies. we have been looking for the hard data about how lyft fares in this time of uber scandals. reporter: yes, it seems like it's doing pretty well. 25% growth quarter over quarter seems great. we don't know what the bottom line looks like. ridesharing businesses love to spend money on subsidies for growth. uber has been narrowing. lyft was about -- they had losses in q1. this is included with everything the driver makes, everything uber takes in. , theylist -- four lyft take about 20%. talk to us about how much this has changed. where was lyft a year ago? reporter: two years ago, uber was on the march to be do only player. for a

erik schatzker interviewed barry diller. catch that conversation this tuesday at 1:00 eastern.. ♪ caroline: bitcoin investors have been on a wild ride this year with a digital currency more than doubling before plummeting last week into what is labeled a bear market. it lost 1/3 of its all you since june. now we are going to discuss what is driving the west wing's in the market for cryptocurrencies with lily katz who covers the cryptocurrency bloomberg news. it is interesting with bitcoin there is real buildup toward the end of the week where we could see bitcoin 2. remind us. >> after last month, bitcoin searched to an all-time high of around $3000. in the last couple of weeks, it has lost around 1/3 of its market value. in the last week, it fell below $2000. a lot has been going on in the cryptocurrency world. one of the hottest debates has been the scaling space. for the last couple of years as bitcoin has become more popular, it's blockchain has experience some congestion, slower transactions, and higher fees. two rival can't have emerged. they both have their own ideas abo

the chairman of aic, barry diller joins us live from boston. from joshua green steve new book about bannon, donald trump and the presidency. ♪ vonnie: back to our main story today, the gop's senate house health care bill -- donald trump acknowledging he's disappointed in the results, "we are not going to own it

and the biggest names in media and tech are out in sun valley, idaho, dead, including barry diller we'll weigh in on president trump and one song he really likes right now. >>> plus as we mentioned, airlines have been underperforming the broader markets so far this year, but powering higher today. a debate on whether the airline rally can last or not. >>> and we want to hear from you. reach out for the show on twitter, facebook, or send us an e-mail, closing bell sissorwirsining cnbc, fit bune wldde what if we could bring you better value by having better values? at blue apron, we work directly with more than a hundred family farms. so instead of spending on costly middlemen and supermarkets, we can invest in the things that matter most: making farmland healthier. cutting down on food waste. and bringing you higher quality, fresher ingredients for less than you pay at the store. because food is better when you start from scratch. get $30 off at blueapron.com/cook for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why p

their summer break two weeks in august >> tracie potts, thank you very much >>> and media mogul barry diller isn't mincing words when it comes to how he feels about president trump. the chairman of iac spoke yesterday in a wide ranging interview at the allen an company conference in sun valley >> i think it's just a joke and hopefully it will be over relatively soon. it began and it will end >> diller has been highly critical of president trp in the past cling him an evil miracle, but the media boss says there are many smart people in the trump administration diller is friendly with ivanka trump and jared kushner who are also in sun valley, but says he probably won't bring up any issues with them >>> still to come this morning's top stories and the global market action. plus he's not kidding around or is he why this musician may be making rufothu. sate. your joints... doctorpart of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. you...smells fine, but

plus, barry diller has no love for president trump, but likes what he sees in the u.s. economy.e will also have a thorough roundup of the week's earnings report. up next, more of the week's top business headlines. is getting ready for a proxy fight with procter & gamble. >> it is not a breakup. it is not a ceo change. it is very much acceleration of the plan. vonnie: this is bloomberg. ♪ ♪ vonnie: this is "bloomberg best." i am vonnie quinn. let's continue our global tour of the week's top business stories on wall street. where a legendary buyout firm is set to deal with the future without its founders. >> kkr has taken a big step in succession planning. the private equity firm has elevated two veteran executives in their 40's to the new role to co-president and co-chief operating officers. it is all in an effort to prepare the firm for the future when the cofounders are no longer at the helm. >> they founded the firm back in 1976 and have run it since. they started it with their mentor jerry kohlberg who left the firm in the 1980's, but this has been their shop. people wondered

barry diller was interviewed earlier on cnbc and asked specifically would he be speaking to the pairny political issues and he said there were no issues he would discuss regarding politics. why would anybody bother bringing up issues with the pair, he said, pause tbecause t president has no curiosity, doesn't listen, et cetera. that's one person's view. if their jobs are senior advisers to the president, what would they be doing at a super elite business conference in, you know, one of the most expensive exclusive ski resorts on the planet. >> note to self, don't tell stephanie if i decide to go to sun valley next year. >> that brings us to the end of the hour. thank you for watching this hour of "msnbc live." i'm ali velshi. >> i'm stephanie ruhle. check us out on social media. connect with our show a at #velshiruhle. >> thank you. right now on "andrea mitchell reports," an american in paris. president trump meeting with emmanuel macron this hour. moments from now, the two have a joint news conference and bring all of it to you live. >>> crimson tide, the president hoping to leave t

barry diller says he is saddened by what has happened in washington, but he is looking for -- in the.s. and ibm reports after the bell, can they demonstrate a shift away from the legacy businesses, clout and cybersecurity? -- cloud and cybersecurity? julia: looking at where the major averages stand. abigail is standing by. abigail: exciting stuff. small moves for the major averages going into the close, but for the nasdaq, moments ago it did put in an all-time high, the first time since june 9. it is on pace to finish at a record close. if it happens, the first time since june 9 as well. you will guess technology is doing pretty well today, that is the case. look at the dow down slightly, about 3/10 of 1%. s&p 500 recently went higher, also dragged down by financials. tech and consumer discretionary strength is outstanding. and the nasdaq, we did have the tech pullback starting on june 9, one point down 4%. it has been a race. the nasdaq putting in a record high today on page -- pace to finish at a record close. and helping with that for the nasdaq, we are looking at the stocks amazo

barry diller philip's mother, elizabeth, two of his history and their family, and philip and his family. alexander, charles and their families lay nearby. so i did have a chance to talk about them in this talk, but they figure primarily in the book. right next to phillips grave like that of james, recently rediscovered and commemorate with a brand-new market. i was astonished to discover that all these men have bought their plots at the same time, between january and may of 1850, determined that not even death would separate them. crossing the path and walking up the hill i found the land that saint philip's church a bot for its parishioners in the late 1850s. the ray family plot which included peter, was notable for tall that generous country in the waning days of the 19th century, new york's black elite reunited in this burial ground. their grades or physical reminders of their lives and commemorations other deaths. they serve as an archive, a place for safekeeping. a place for storing memories of the past that are simply waiting to be brought back to life and life in the likeness of

. >> you know, i think if you cut taxes -- neil: barry diller wants him out of there. >> that is insane his mind. neil: charlie gasparino, great job. >> thank you. neil: thank you, very much. meantime the president is still railing against fake news. sometimes he has a point because this other news about what he is doing, that gets no play, does it? again, charlie and i figure on this broadcast, there are a few 24 hour news stations, a few 24 hour business networks, we have time to get into everything good, bad, in between, time to cover pumpkin spice lattes. it is up to america what you want. we will give you what you need. more after this.t into a ♪ rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. potsc(in unison) drive russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do th

ivanka's way to try to impress a pretty influential group of people, yes these are mainly provgz barry dillerp, but that said, ivanka and jared are from more progressive side of the trump administration i think that is part of the reach out going to say listen not everything we do you are going do hate we are doing a lot of good things, by the way, cnn time warner chief, at&t you have a deal you need of regulatory approval here is why we are better for your business there is a lot of emerges in this space maria we ruled out one yesterday disney verizon fox business first reporting that moved some stocks disney somewhat downward on it up for the day verizon somewhat up, up day for markets these sort of deals are still going to percolate a lot of people here are talking about disney because of its content, espn disney content in play still this is where we are right now looking for deals seeing what ivanka jared do, if anything other than relax, and back to you back to you. maria: i guess charlie given the fact at&t deal and time warner deal is on the table, once that happens even though has be