but in basel, for instance, consumers can purchase the drug legally, and right off the shelf. "we want to dissociate ourselves from this stoner image. we sell high-quality raw materials," says this man. more on this later in the show. it's ok to beat your wife or girlfriend provided they don't end up in the hospital. this is the message many women in russia worry is being sent to abusive men after the country's parliament passed a law decriminalizing domestic violence. instead of up to two years in prison, offenders now face the mere prospect of a fine. according to estimates, over half a million women a year are victims of domestic violence. now some fear that figure could rise even further. >> demonstrators in st. petersburg act out scenes of domestic abuse in protest against a change in russian law making violence against spouses a petty offense. it essentially removes one of the only deterrents. >> now if we beat someone in our family, we'll only have to pay a small fine. >> men who batter their wives are more the rule than the exception in russia. this incident outside an

thousands of men, women, and children , as peoplerom homes try to dislodge the islamic state from basel. -- mosul. genie: you have been hit -- watching uber. reporter: travis said he was taking an indefinite leave, another board member forced to resign over sexist remarks. he was speaking during a staff meeting saying that uber should move on from a damning investigation into harassment at the firm. the timing not be worse as an inquiry conducted by eric holder found little protection for employees from bullying. it could not have been more embarrassing for uber. the latest executive to resign after a sexist comment at the very meeting addressing this corporate culture. numbery female port called from adding more women to the group after -- the man responded by saying women talked to much. from always known be hustling and going toe to toe with colleagues. the chairman acknowledged this in the past. bitour generally a little forward leaning. reporter: that needs to change according to recommendations made following an internal investigation into allegations of harassment at the tech fir

but in basel, for instance, consumers can purchase the drug legally, and right off the shelf.

is there a -- >> i believe we'll be involved in basel and i believe the changes we are making will bet will be about making bank regulation more efficient and effective and won't change what we have done. >> jay powell thank you for joining us this morning. >> thanks, steve. >> back to sara at the nyse from the nasdaq. >> it is. thank you. back here at the nyse. steve liesman, thank you. feels like the working theory for the fed is three rate hikes this year. two more to go. >>> as we head to break, let's look at stocks this hour. got a minirally going on. the dow is up 26 points. as for the s&p, you're seeing strength in groups like materials and health care and the financials are catching a little bit. technology's at the bottom of the s&p. much more "squawk on the street." stay with us. investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distribut

all of our focus is on the defeat of isis, the last fight in central basel and the fight to come in rockis where everybody's focus is. the growing risk of conflict between the major powers who are involved in this war, mainly between the united states and iran and the united states and russia. what is happening, what is the dynamic here? for the longest time there were two separate wars. there was a civil war between a sod and the syrian opposition, and there was a second floor, which was a war between the u.s. and its allies and isis. >> bashar al-assad said he was part of that war. guest: but he really wasn't. what is happening is as a sod is in civil wardancy and as he is winning territory back that the syrian opposition he andrly on in the war, his iranian and hezbollah allies are getting closer and closer to the syrian opposition forces that the u.s. has trained for fighting isis. weeks,t in the last two -- shia and militia forces backed by iran, fighting assad,od -- for because those forces were getting too close to a military base u.s. forces trained -- is the first time we struck

, and the advantage he added that there was legislation already formulated to kind of advance this basel, so it was an easy one for him. when they met struck me in the course of discussion is i wonder how many times donald trump and had to circle in air or for hours and hours. it has probably been a long time since he has had to do that. vonnie: [laughs] certainly other people are circling palm beach airport these days. it is not easy to get income apparently, this travel so often. oto get in, apparently, because of travel so often. will begin what he want? kevin: he will be heading to cincinnati this. effort on behalf of the district attorney page from wednesday to thursday, when top investigators will be speaking with commerce. fbi director -- former fbi director james comey will be speaking publicly for the first time since the president fired him last month. clearly there trying to stick to some kind of script. if you love the president with the president's twitter account, it looks they are having to infrastructure. kevin cirilli and marty schenker, thank you you both. coming up, di

the trump administration issued a long list of basel's for proposals for rolling back rules. of north carolina said the bill would delay the repeal of obamacare, taxwing more generous credits. the white house has created a website urging the repeal and replacement of obamacare, ahead of a possible senate vote next week. the mexican finance minister says the central bank is probably near the end of its tightening cycle and may be able to cut rates for next year. said it exclusively, he -- likely totell fall past 4%. >> what the markets are seeing is potentially another couple of increases. interest could start going down as early as next year. by 2700l news, powered journalists and analysts. you can find more stories on the bloomberg. a very strong rebound. after the worst session since november. a little bit more rebound coming through in some of those energy players hit hard yesterday. at his highest level since 2005, the nikkei is closing 0.1% as we see a little bit more money going into the yen. jakarta came back online and lost half or more than half of its value. this is

they need everyone in basel and they need to take your of the global situation.kable meeting is the yield curve has stopped flattening. the yield curve is simply recognizing that we are in a reflationary trade, that the growth is very well on track. longhat the yields, the end is too low. that is an important element. will take heed of the central bankers. manus: you said the yield curve is low but there is this disbelief between, canada is 70% probability they will hike in june. let me bring this across for you. this is the differential between canada and the u.s. there is a wee bit more belief that canada will go further are aggressively and the fed might not yet as much away. this is the deferential in 10 year government bonds. -- narrowing on that spread. can this head go with the momentum that has been intimated by the dots and the rockets do not believe it and do these kind of spreads continue to narrow? guest: what we have in the dots is the discrepancy between market expectation regarding inflation and what the fed is thinking. we are a target for most of

there he cohn games out -- gary cohn comes out and says they are delaying the basel -- proposal to congress until after september. i said what the hell is going on here? he was very clear that there is no green light whatsoever to pay for these tax cuts. however, i think more concerning is the fact they want to do this in september, when congress has to come up with a budget for 2018 to avoid a shutdown on october 1. they will have to raise the debt ceiling in september to avoid a default in october. i am assuming all of these cuts in the white house are totally rational, not insane, not totally crazy. excellent --sible only possible explanation is that perhaps this white house is thinking about leveraging a potential crunch in september 2 turn it into a high-stakes game in order to reports their public and party to file in line -- file inan party -- to line behind this proposal. they are threatening the fault and shutdown and want to create pressure on the republican party to finally cave in and do this tax reform properly. julia: unheard of with this administration. scarlet: but fairly fa

just north of 7.3%, higher than what the initial basel was. still, i drop in the ocean when it comes to china in the context of em. did msci give into this? i have china made concessions, but not exactly letting go, either. henry: when we were trying to do was great a path forward between the needs of those institutional investors around the world, and the conditions in the marketplace inside china. we tried in the prior consultations to do a larger, significantly larger increase. we did not get a lot of response positive from those investors. so we scaled it back a bit to 169 stocks. that was well received, to the point in which we were able to ,ncrease it to a larger number 222 large caps. we left out the mid-caps, we are hoping they would be included at some point in the future. 0.73%, a small slice of the pie. when do you see that -- four c -- foresee that amount raising? henry: it is a smaller weight than we would have liked at this early stage. but it is extremely historic, momentous, and symbolic. it opens up a path forward. we are tryi

researchers at the university of basel say, it is from ancient egypt..de for a priest's daughter, whose big toe was amputated. after taking a closer look, they say, the toe is made from some kind of hard wood... and plant fiber was used to make a belt strap to attach the toe to the foot. it also happens to be one of the oldest prosthetics ever found. last weather and goodbye final look at the weather with chief meteorologist brittney shipp. a full hour of entertainment news is on the way.at 7:00 it's the insider, followed by entertainment tonight at 7-30. then we're back with kron 4 news at 8:00 how far should pure alpine spring water have to travel from its source to the bottle? a hundred miles? a thousand miles? how about less than a mile and a half? crystal geyser always bottled at the mountain source. how fafrom its sourcelpine spring to the bottle?travel ♪ how about less than a mile and a half? crystal geyser is the only major us spring water bottled at the mountain source. >>> "the insider," tracking the biggest stories making news today. >> number

. >> it will be repurposed in the infrastructure basel, for the details of what you. it isn'tou send it if public transportation? that decision has not been made yet? thrilled -- made yet. >> mr. chairman. >> i apologize. laughter] >> take you. you are doing great job. i am good -- i'm glad i had the wisdom to be named to this post. welcome to the new. to see outside of kentucky although we did love you back there. infrastructure is the name of the game this year. of traveling on streets and bridges that are following. beingays that are not covered properly. something bigger protector improvement. i noticed on page two of your statement that you listed key of your plan involving 13 federal departments and agencies. the first principle that you list is that the money would be made -- would be spent on the most transformative projects. tell me what that means? >> i think the president would like something that his bold, innovative. something that will really speak to the future and address the concerns of the future. americaconcerned about -- about the railamerica. i co

what they want is next week to get the citizens rights things out there, get the details of the basel start working something out. the court jurisdiction is one of the big things that comes into this. that is a contentious issue as well. francine: thank you. ed hyman from evercore stays with us. next, we have ubs. this is bloomberg. ♪ . . good morning. tom: i'm tom keene in new york. haefele inmark zÜrich this morning. thank you. u.s.nderscored better economy and one of the themes we've had on bloomberg is a better european economy. his europe at escape velocity in terms of economic growth? well, we've been disappointed before on the escape velocity. we think that this time, we may have a winner. that iswe're playing overweight and european equities versus u.k. equity, and overweight the euro versus the u.s. dollar. tom: bring up the chart here, jason. , we area ed hyman chart stealing from ever core isi to get perspective and i may walk out the the studio. this is my taylor riggs chart. europe,auto sales in which taylor riggs and ed hyman agree have exploded higher. that's a really g

far more capital than is required by the basel accords as well.the second worst financial panic. with respect to stress test, again, the bank administered stress test will continue on an annual basis, the ccar process will be on a biannual basis. we think, again, with stronger levels of capital that this is the appropriate regime we ought to have. >> i'm going to ask you a much broader question and it comes down to your bill. up until about 10, 15 years ago, if you were going to do a big banking regulation, for that matter a big health care bill or whatever, it would be done through the regular order of business and you'd try to get people from both parties to figure out how to do it. we've lost that in our society. this type of legislation on banks shouldn't necessarily be a pure ideological pure partisan issue. i'm not saying it's your fault or the obama administration's fault. i'm just saying all these things have fallen apart. is that a bad thing? can we fix that? >> well, in the last congress in my committee we managed to get roughly 39 bills

a word of shots fired at a congressional basell game practice waiting to get a little bit more detailsne right now, roads blocked into the fields. fire and ems, a large presence, of course, obviously, there as well. waiting to find out more about the suspect. tom, i know that iiced a short time ago there are reports that there's a suspect in custody. do you have any more information on that? >> i'm afraid i don't, craig. and candidly, as i try to make my way closer to the command post, i'm not even at this moment in a position to ask the police for an update. so you may have a little bit quicker access to information through the network news desk than i do at the moment. >> and obviously we're all over that. there are a lot of conflicting reporon and this is one of the times we try to take a deep breath and have caution because this is often in the early hours we get information that ultimately changes. we want to be as careful as we can be, but we know a congressman has bn sh and apparently thereas shooter that we know of so far who fired multiple shot at the baseball practice. >> i w