banks, joining us now for previews is michael from bloomberg news. at firstld we look for glance from these earnings? >> one of the things will be the trading results here a lot of banks signaled that the second quarter was much weaker than the first quarter. saw some of the executives come out six weeks ago and some of those numbers, we have done quite of a -- quite a winning streak for the banks trading results. this could break the streak. we are entering the summer slowdown. this was not a good quarter, you may not see that pick up again until cap september. .ark: welcome back wall street a wonderful story today by laura. it so slow out there lacking in market making stories that traders are taking to tender and playing golf? michael: it has gotten slow. we have heard some stories about timendo, just passing the for the traitors because there is not a lot of activity. did -- the vix dip into single digits. which rarely ever happens. the volume is down, volatility is down. had these big events that really drove the action. you have not had that so

we are live at bloomberg world headquarters in new york. onnie quinn and this is "bloomberg markets." let's have a quick check of where we are now. of theise, in the middle session. the dow is down about half of 1% off a low for the day. the s&p 500 off a low as well. they are where they have been for most of the session. the nasdaq down about two thirds of 1%. let's hear more from taylor riggs who has been looking at more consumer companies. taylor: i can't get away from the retail story. i will use this opportunity to highlight that. down 13% here. down 17%, that stock near the lows of the session. on contrast to that, take a look -- they are a little bit higher trying to avoid the pressure from amazon here. -- postedsses same-store sales that were up 6%. the membership business model, a value proposition when you are going into the store. it is helping them stay insulated from some of the digital pressures like amazon or now. also, sticking with the retail theme, i want to hit under armour here. they are also down near the lows of the ses

bloomberg exclusive. causes the fed to hold off on more rate hikes. from new york, this is bloomberg. ♪ julia: this is bloomberg markets. i'm julia chatterly. a weak inflation is expected to weigh on the federal reserve's decision this week. yellen told policymakers are watching inflation very carefully, but she did not signal a change in rate hikes. factors holding down inflation and an exclusive interview with bloomberg's david westin. >> orientation shifted from what is the reason to raise rates to what is the reason to go off of the plan for gradual increases. as you can probably tell from the comments of chair yellen and others, people are thinking about what is going on with inflation. we do not know whether in the next couple of meetings those concerns will be strong enough that the fed will hold off from another rate increase or not. i think the question of what is driving inflation is not a new one. it is not as though the fed has just discovered the phillips curve is not operating as they might have liked. the phillips curve has not been a good predi

scarlet: we are live in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering around the world and on the bloomberg. health care clash on the hill. senate majority leader mitch mcconnell plans to sway holdouts. you want your from republican senator -- we will hear from republican senator richard shelby. in markets, an all-time high due in part to another event on capitol hill. before congress, janet yellen maintaining her stance that the fed will not rush to tighten policy. and target getting a bump after seeing sales will likely increase this quarter. --fany's turnaround efforts is it enough to get investors hunting for bargains? it is about two hours away from the close of the u.s. trading. let's get a check on where stocks are trading with julie hyman. yellen'sjanet testimony gave the markets another rally. julie: and day how many of the health care debate? of ave not seen that much reaction -- yes, they have climbed from the lows of the session but almost a black line on health care today as the move appears to be inc

the clinton campaign boasted about killing a bloomberg news report highlighting the connection. we contacted bloomberg and they

news. this is bloomberg. ♪ scarlet: this is "bloomberg markets." i'm scarlet fu. chatterley. scarlet: management has amassed $24.6 billion for its private equity fund. us now for that story and other private equity news is jason kelly, bloomberg executive editor for television. lots of money streaming into pe funds. >> what's so interesting is there's a lot of contact here, not only the biggest fund ever, but it's coming at a time when the last quarter alone, $121 billion raised in private equity funds, third straight quarter, more than $100 billion has been raised. there's a huge amount of money going to private equity right now. where do they put the money to work? question. a huge one of the reasons apollo seems to be joined a lot of money, because this is the second fun thethem in just 2 years, last fun came in to $18 billion straight a huge amount of money going to leon black and josh harris and, who as you know -- this is one of the storied firms out there. one of the reasons they have delivered the sorts of returns over the years is they do almost everythin

this is bloomberg. ♪ >> it is 2:00 p.m. in new york, 11:00 a.m. ncisco. >> i am scarlet fu. >> i am julia chatterley. welcome to bloomberg markets. ♪ ♪ we are live in bloomberg world headquarters in new york. the top stories we're covering around the world and on the bloomberg. politics, the probe into potential collusion between donald trump's campaign and russia. our exclusive reporting details how a special counsel and the fbi are looking at everything from real estate to bank transactions. another obstacle to the president's agenda. the cbo projects the senate republican bill to repeal and replace obamacare would increase the number of uninsured americans by 22 million in a decade. and european central bank president mario draghi calling for patientce as he central bank holds on unwinding back stimulus. bill gross is sounding the alarm on the go slow policy of central banks. he will be joining us next. julia? julia:

bloomberg. mark: it is time for first word news. t trump continues to enjoy overwhelming support from the people who voted him in, but they are less enthused about his leadership on health care, according to the latest bloomberg national poll. correspondents think it is unrealistic that a bill that lowers premiums and increases coverage will be passed in the next several years. health care ranked as the most important issue facing the country in our survey. the european union is considering cap perceptions on north korea over its first intercontinental ballistic missile test, to prevent the country from funding further weapons development. the e.u. foreign ministers condemned the test earlier this month as a serious threat to international peace and security , and urged an end to such actions. moscow is demanding the united states return the moscow embassy's country houses outside washington and new york. the obama administration seized the houses at the end of the year in retaliation for election hacking. russia calls that a breach

this is bloomberg. ♪ ♪ vonnie: live from new york and london, i'm vonnie quinn. barton. this is "bloomberg markets." apple but -- alphabet kicking off tech earnings. wasn't the easiest second quarter for alphabet. -- what canhat we we expect from the numbers? caroline hyde is here. completely disastrous quarter when you are looking at it. many big brand saying, i don't want to be on your youtube and to you make it say because i'm worried about being associated with it. but revenue up 19%. we have seen analysts bring down overall earnings. -30% or so. -- 30% or so. more people plow money into that area. but the cloud business continues to grow. they have been pushing in that area. google play has been doing very well as other areas like the hardware aspect. this is a company that continues to shine on. what is interesting is we could see more growth in mobile. -- 7% of their revenue was mobile. vonnie: still concerns about the repertory issues. fines can google still be on the hook for? caroline: that is the question that many analysts will be getting on the phone

this is bloomberg. ♪ ♪ vonnie: live from new york and london, i am vonnie quinn. a cehic. this is "bloomberg markets." banks in sweden are starting to weights greater than zero. for more, let's head to paul dobson. talk about the significance of this first. paul: it is kind of and under the radar issue, but swedish banks are starting to account for the slight risk the governor made by putting cash aside as a buffer. the reason it is controversial is if government bonds are no longer risk free, you essentially have to find a risk weight into it. so they are able to hold them without any capital held against the bonds. obviously, the european debt crisis, particularly what happened in greece, shows it is possible for a government to default, but in the euro area, regulators have been trying and failing to bring this onto the agenda for a good long while. significant, is even outside the euro area. surprising, given that bonds are no longer a risk-free return but more like a return-free risk. paul: exactly. it has to do with the accounting, but it is important for a l

from new york, this is bloomberg. ♪ julie: we have breaking news that the u.s.venezuela's resident. nicolas maduro making this announcement here. he is being personally sanctioned by the united states. the vote sunday that was a step toward rewriting that country's constitution. there has been widespread unrest in venezuela following the vote. and also leading up to the vote. this is an unusual move against a foreign leader. it freezes many of them at a maduro'ssets - - of assets. by the u.s.made treasury today. the assembly that was chosen sunday will meet us in is this week to discuss changing the charter that was rewritten already under former socialist leader hugo chavez. a lot of moving parts going on in venezuela. by the u.s.ioned treasury. we will bring you any more detail that we do get. back to the corporate world. apple is trading down ahead of third-quarter earnings scheduled for release tomorrow after the markets. analysts expecting a cautious outlook due to potential delays to the new iphone introduction. joining us is bloomberg intelligence analyst

shannon pettypiece joinings me, covers the white house for "bloomberg news." and in washington dan balz, chief correspondent for "the washington post." welcome to both of you. shannon, let me start in studio big news of the station sean spicer is out as communications director. >> and anthony scar moochie, finance year and italian and long backer of trump is in as communications director. there's not a sense he will be doing much communications messaging, strategy. he will most be doing tv appearances, possibly the podium and be a public face for trump in the white house but not necessarily anyone who understands washington, understands congress, understands messaging. >> glor: it's interesting, there are similarities between the president and anthony scarmucci, the native new yorker, the fighter, anthony's more finance, the president real estate, but there are similarities. >> there are. they're both combative, both money people, they're both new york. they speak a similar language in that respect. neither has washington experience, which the president believe

from bloomberg world headquarters in new york, here stories on the bloomberg that we're following.d trump are under scrutiny now as u.s. special counsel expands hiser russia probe. formeriscuss this with director bill gavin. bill.oring the health gop said cbo repeal of obamacare to 32 million more uninsured. run with mlb commissioner toert manfred what he has .ay julie hyman is with us. we can

from bloomberg world headquarters in new york. tories on the bloomberg and from around the world that we're following. uber has faced its fair share of scandals this year. we hear from their head of west coast business on how the $69 billion company plans to pick up the pieces. procter & gamble faces a proxy fight for a board seat. a deeper look and trends and activist investing with morninging -- with morgan stanley. and k.k.r., private equity firm named for its founders, is preparing for a day when those leaders are no longer at the helm. an inside look at the company's succession plan. before we get to all of that, let's check in on the news. >> thank you. president trump continues to enjoy overwhelming support from the people who voted him in. but they're less enthused with hi

if you like bloomberg news, lancet -- listen on sirius xm. s bloomberg. ♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your first word news. president trump intensified the pressure on jeff sessions today, saying he wants the attorney general to be tougher on leaks. trump also said he's "very disappointed" in sessions. he added he would not have picked him if he knew you had recused himself. the u.s. and china are making progress on a new u.n. resolution that would impose additional sanctions against north korea. that is according to nikki haley, who says it is in retaliation to the icbm launch on july 4. the house has passed a measure that would prevent a measure that would prevent the president from acting unilaterally to remove certain sanctions on russia, as well as add sanctions against iran and north korea. the measure also would bar u.s. companies from investing in energy projects in which russian companies have at least a 33% stake. the saudi led era alliance archiving

more on bloomberg markets. from newk, this is bloomberg. ♪ scarlet: this is bloomberg, i'm scarlet fu. julia: i'm julia chatterley. scarlet: equities at record highs in the s&p 500. this is the intraday chart of the s&p, dow, and nasdaq, and the latter is the dow with the or -- lagger- lag is the dow with the yellow line. julia: still ahead, we'll president trump's financial policies hurt the u.s. long-term? we will discuss. this is bloomberg. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and cus

a new bloomberg poll has bad news for wall street titans.shows most americans have an unfavorable view of the big banks and their executives, and distrust of the wealthy more than they admire them. efforts tol street's regain trust since the financial view theewer than 1/3 industry in a positive light, virtually unchanged. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. --ty: it is wednesday here there is back-and-forth with global shows confusingly. stocks surging on earnings of strength, the s&p and nasdaq hitting records for a second straight day. joining us on set is su keenan with a more. each sector in the s&p rose today. the s&p hitting a record, nasdaq, as well. ng stocks back in a big way. earnings were a dominating fact or. and talk of a merger in the media sector. let's look at the close. we are not seeing large moves in numbers. let's go to the standout stocks. that is where you see sizable moves, notably in the scripps that is th

if you like bloomberg news, listen on sirius xm. this is bloomberg. ♪ >> it is a 11:20 9 a.m. re and 12:29 p.m. in tokyo. here is the first word news. the pboc scares. the bank will have a coordinated that fell to the china banking regulatory commission. the news confirms what bloomberg reported earlier this month. the bank said it would pursue prudent and monetary policy and keep supply growing at an appropriate pace. u.s. regulatorsthe bank said itf the hottest new areas of finance, initial offerings of digital currencies. the fcc said users must register deals through the government. and those that raise money through digital must register. they have raised money this year in additional coin offerings or ico's. australia rejecting criticism from the regulator, who said that they misled customers. it accc has reopened cars hades about -- undergone multiple repairs that did not fix faults. for denied the allegations and said it would challenge them. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >>

from bloomberg world headquarters in new york. here are the top stories on the bloomberg and from around the world that we're following. uber has faced its fair share of scandals this year. we hear from their head of west coast business on how the $69 billion company plans to pick up the pieces. procter & gamble faces a proxy fight for a board seat. a deeper look and trends and activist investing with morninging -- with morgan stanley. and k.k.r., private equity firm named for its founders, is preparing for a day when those leaders are no longer at the helm. an inside look at the company's succession plan. before we get to all of that, let's check in on the news. >> thank you. president trump continues to enjoy overwhelming support from the people who voted him in. but they're less enthused with his leadership on health care. that's according to the latest bloomberg market poll. 60% of respondents think it's unrealistic that a bill that lowers premiums and increases coverage will be passed in the next several years. health care als

from new york, this is bloomberg. julia: his 3 p.m. in new york, 12 p.m. and 8 p.m. in london. i'm julia chatterley. scarlet: i'm scarlet fu. welcome to "bloomberg markets." ♪ julia: we are life and bloomberg world headquarters in new york over the next hour. here are the top stories we're covering on the bloomberg and around the world. the u.s. economy getting back on the path to growth. grew in president trump's first full quarter as president. jim with the rebound means for the fed path half forward. the online real estate brokers join us next. and intel is bucking the pc trend with sales forecasts. we are told why the company's glory days aren't over yet. one hour from the close of trading, let's get a check on markets with julie hyman. thee: as we get closer to close of trading, we get closer to unchanged. the dow has been hovering at that level all day, bouncing between gains and losses. it touched an intraday record high today. lost, sos pairing is is the nasdaq. we have been watching individual movers. one of those that flew under the radar despite

, this is -- from new york, this is bloomberg. ♪ jonathan: from new york, i'm jonathan o. this is bloomberg real yield. i want you had to the auction block, where there is not much action anywhere. starting in greece, the return to the bond markets postponed. a lifeline may be available as to theds bought said yes bailout in principle. and korea halting its $200 million sellout. finallyld investors getting the upper hand of the years of central bank have been buying and pushing back against these issues. states, this auction absolutely flopped. offering $40 billion for the lowest amount of nine years. others, they apparently seemed to do not once. our guests.s, lack oft's start with a volatility that we have seen, the lack of action, the lack of issuance we have seen. what do you make of it? it is a really -- mike: a really good time for vacation for people in the industry. [laughs] unprecedented central-bank accommodation on a global basis. you can get very comfortable with that, and i think for the foreseeable future, the central banks will continue to be extremely can

it was from that initial bloomberg news article. in that article there is a quote from the man who is now apparently the president's top lawyer on russia issues. it's from john dowd. this is his quote to bloomberg. "those transactions, meaning trump's business transactions, are in my view well beyond the mandate of the special counsel. they are unrelated to the election of 2016 or any alleged collusion between the trump campaign and russia, and most importantly, he says, they are well beyond any statute of limitations imposed by the u.s. code. who said nigs about statutes of limitations. why are you bringing that up? the statute of limitations for prosecuting what crimes exactly? what are we talking about here? >> the president's lawyer brought up the fact that the president's business activities are crimes and they're beyond the statute of limitations. he brought that up apparently unprompted. >> we contacted john dowd, the president's lawyer today -- actually tonight, to see what that meant and if there was something in particular

we are live in bloomberg world headquarters in new york. the top stories we're covering around the world and on the bloomberg. politics, the probe into potential collusion between donald trump's campaign and russia. our exclusive reporting details how a special counsel and the fbi are looking at everything from real estate to bank transactions. another obstacle to the president's agenda. the cbo projects the senate republican bill to repeal and replace obamacare would increase the number of uninsured americans by 22 million in a decade. and european central bank president mario draghi calling for patientce as he central bank holds on unwinding back stimulus. bill gross is sounding the alarm on the go slow policy of central banks. he will be joining us next. julia? julia: let's begin with that big bloomberg skip today. robert mueller, the u.s. special counsel, is said to be expanding his investigation to look into president donald trump's financial dealings. his new approach to the probe could trigger a response from the president, who told t

now, you might remember last night on this show we had bloomberg news reporter, investigative reporter greg ferrell here. greg ferrell and a colleague yesterday reported for bloomberg this seemingly very important story. you see the headline, mueller expands probe to trump business transactions. the reason i say this was a seemingly very important story is in part because of the freak out it seems to have occasions in the white house. that bloomberg article came out yesterday, mid morning. updated a couple of times during the day but initially came out mid-morning yesterday. by the time we were on the air last night, these were the stories that were breaking in "the washington post" and in the "new york times" about the president considering his pardon powers, having his legal team discuss who he's allowed to pardon, including considering the question of whether he's allowed to pardon himself. and the white house trying to cook up ways to discredit robert mueller, the special counsel's investigation, giving clear indication that the white house is now basically trying to find a way to

that is your bloomberg business flash. from newk, this is bloomberg. ♪ scarlet: a drop off in trading -- me not hurting line is500, the yellow the 20 day moving average of u.s. comps it volume. as he got to the end of the nonholiday session this year. we have seen this over and over we have seen here back in february of 2016, as dust or cover and make new highs. that has pretty much been the case so far this year. this is where it gets particular. this year it was a lot lower than it was in 2016. record highs in u.s. stocks are coveted by lack of conviction, maybe apathy? or is this just how things go? joe: why bother trading when the best reggie is to buy stocks and go to the beach, exactly right? here's one thing investors are little concerned about. i am looking at very short premiums and very short-term u.s. debt. this is something you do not see often. debtedline's government expire in october and the white line is up -- november. the red line is higher. shorter-term debt yielding a little more. the reason that is right around

scarlet: we are live at bloomberg world headquarters in new york over the next hour. here are the top stories we are covering from around the world and on the bloomberg. in politics, two hours 16 minutes. that is how long the meeting between donald trump and vladimir putin lasted in homburg, germany. it ended with a cease-fire announcement in syria. in economic news, mixed signals from the jobs report, with a gain in payrolls but weaker wage growth. the chairman of ever core isi says the job rate will decline to 3.5% by the end of the year. is bracing for chaos as amtrak begins track work at penn station. about two closes in hours time. let's get a check on where stocks are trading with abigail doolittle. we had a selloff yesterday but are recovering today. >> a nice rally for the major averages, the dow, s&p 500, and the nasdaq are all higher. they had been on a pace for weekly decline, and now pacing for weekly gains. that is an impressive turnaround based on that better-than-expected jobs report. bloomberg did break the news that there are scheduled talks for a pote

in london this is bloomberg. ♪ ♪ london in new york, i'm vonnie quinn. : this is bloomberg markets. let's get the futures in focus. gold has been going between gains and losses. crude falling. --ning us to discuss this crude is down 4%, up 7% last week. are you happy that volatility is have returned? >> i think many traders are happy about the returns. crude is under pressure again today. technically it still looks like it is in a downward trend. i expect many will be short as we challenge $42 in the next week or so. futures the gold front, have been down for five weeks, the worst since december. which could be perceived as odd given that the flashpoint with regard to north korea earlier this week. looking atrobably the jobs report and what the fed will do. what will stop the decline? >> it is hard to say. maybe too much sentiment in the gold area called -- gold area over all, but we have interest rates shifting and it will continue to be a headwind for gold moving forward. it is breaking below the may lows. it could go into 200 for the next couple weeks.

bloomberg news is -- host: bloomberg news is reporting dea has taken in more than 5000 doctors, dentists, for excessive quantities of opioids. these actions entail criminal prosecutions, as well as her poking and suspending licenses. good morning. caller: i would like further doctor to address the racial issues we to around -- that we tip around. this is more prominent in the white communities. back when they had crack-cocaine, they did not have these benefits, going to rehab, they put you in jail. i know. i was affected by it and my family members, also. now, all of a sudden, it is affecting white america and not everybody is on top of it and wants to give it a second chance. we are tiptoeing around it. it is our people. what happened in the crack days when you put the black people in jail. now you have whites, now you give them treatments. speak to that. guest: i think you make a good point. there is a racial dimension to it. i think there are other influences, as well. for example, at this time in history, there is considerable 12 more fatigue in the culture fatigue and the culture an

she works for bloomberg news. and from washington dan balz and he's the chief correspondents for "the washington post." i'm pleased to welcome both of them to this program. shannon let me start with you hear in the studio with the resignation today of sean spicer as press secretary. >> anthony scaramucci a hedge fund and long backer of trump is in as communications director. but there's not a sense that he's going to be doing much communication messaging strategy. the sense is that he will mostly be doing tv appearances, possibly the podium and be a public face for trump and the whitehouse. but not necessarily anyway who understands washington, understands congress, understands messaging. so the question still is, who is going to be dealing with those bigger picture issues if he's just going to be the public face. and sean spicer is saying all right i'm having none of this, i'm out. and anthony is the one left. >> jeff: dan it's interesting there are similarities here between the president and anthony scaramucci.

from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. president donald trump invites the gop senators to lunch at the white house. we will bring you the latest details on the republican effort to advance and obamacare appeal. scripps network has not won, but two major suitors. at discovery and viacom are both targeting the u.s. cable network owner. will we see a deal and with who? trade talks between the u.s. and china got off to a rocky start as the americans canceled their closing news conference. we will discuss with gary locke, former u.s. ambassador to china. we are halfway through the trading dale. abigail doolittle joins us with the latest on the rally we are seeing. abigail: we do have a rally. we have the nasdaq amazingly on pace for the ninth day higher in a row, the longest streak since 2015. a pretty impressive considering not that long ago we were talking about a tech pullback. now we have the nasdaq at new record highs similar to the s&p 500. for a second day in a row, the dow up the least about

new york time. this is bloomberg. ♪ jonathan: from new york city to our viewers worldwide, i'm jonathan ferro with 30ed to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, the u.s. economy rebounds, but inflation raises questions about the fed's next move. away with the biggest debt market deal of the year. the market wanted even more. billionaire investor howard marks of oaktree capital issues a warning about current valuations. we begin with a big issue -- fading inflation forces raising questions for the fed.

bloomberg. live from new york, i am vonnie quinn. mark: and i am mark barton. this is "bloomberg markets." ss stories in the news right now. amazon is calling it the largest job there in the united states. the world's biggest online retailer will open 10 fulfillment centers on august second. amazon says it has more than 50,000 jobs available. parents of mercedes-benz is studying a legal separation of its businesses. the company has been looking for its units to become more nimble for growth. isean automaker hyundai counting on a new compact suv to stop the slide in sales in the biggest market. it will be introduced in the u.s. and europe later this year. hyundai just reported lowest reported quarterly net income since 2010. that is the "bloomberg business flash." vonnie: time for the "quick take," where we provide context and background on issues of interest. we look at:, where the president has vetoed the ruling party's attempt to overhaul the judicial branch. after the horrors of world war ii and the iron curtain, poland turned the corner in the 21st century. it cemented a transition to c

from new york, this is bloomberg. ♪ mark: i'm mark crumpton, time for first word news.ngela merkellor is avoiding deeper divisions and economic policy and says they should seek what they call win-win solutions. chancellor merkel was hoping to reach consensus on policies such as trade rules and climate. the u.k. is dropping its bravado over brexit. prime minister theresa may's government is taking --ciliatory governments conciliatory statements. chancellor of exchequer will tell business leaders are concerns over the split will not be dismissed. he has remained the main cheerleader for business really brexit. iraqi forces say hundreds of civilians are fleeing muzzle -- mosul. civilians have suffered water and food shortages for months. iraqi forces launched the operation to retake muzzle in mid-june, the neighborhood is islamic state's last stand and iraqi officials say they will declare victory within days, but islamic state's attempt to distract back using female suicide bombers. at least 15 people were killed in the latest assaults around iraq. has a formal response t

this is bloomberg. ♪ mark: live from london and new york, i mark barton. i'm vonnie quinn this is the european close on "bloomberg markets." turning back to health care, senate republicans face more upheaval as they embark on repealing the affordable care act. op successfully mustered a 50 votes to pass any kind of house built? standing by is bloomberg's national political reporter. there's due to be a rollcall vote in the senate at 11:30 today, basically waiting the budget act so the vpo can go through. any word on what's happening? >> what they are planning on voting on, just at this hour, after an initial procedural vote, a bill that's very similar to the 2015 bill the senate republicans passed and barack obama vetoed. it would hollow out subsidies and coverage funding for medicaid, and a limited the coverage expansion under the affordable care act. it would also eliminate taxes. it would not have any kind of replacement in place. this is one thing the conservative members had demanded. it's one of the reasons he was one of the deciding votes, to move to

this is bloomberg. ♪ vonnie: live from bloomberg ,orld headquarters in new york you are watching bloombergts. day at 2:00tatement p.m. eastern and markets have been relatively quiet. more equity market movement than we are used to. the dow was up nearly half a percent. the dollar index has rebounded and is actually below 94. the big drawdown and oil inventories pushed oil up to $48.68 per barrel. for more, let's go to abigail doolittle. abigail: the earnings season for the second quarter is gaining speed. 170 of the companies in the s&p 500 have reported. 82% have beat earnings estimates and 76% have beat sales estimates. it is a solid earnings season as we get under way. let's take a look at the big winners and losers. starting with losers, we are looking at the internet company akamai, health services done about 6%. akamai disappointing investors to some degree. united missed in their fiscal year. both of those shares are down. as for earnings winners, we are looking at boeing. not only did they beat and boost, but they recorded free cash flow of $4.1 billion. the stock is up 8%. beat an

coming up, bloomberg news learned microsoft is planning to cut thousands of jobs. iscussing what is behind the tech giant's hand. this is bloomberg. ♪ vonnie: this is "bloomberg markets." microsoft is reorganizing sales and marketing operations to woo more customers in ai in the cloud. according to a person familiar, it means thousands of jobs cut in field sales. joins us. you broke the story, give us the the laborers at microsoft seattle bureau. >> sure. early monday morning while a lot of people were getting rid -- ready for the for the july holiday, microsoft sent out a held and complicated memo. the idea that sent out a complicated and technical memo. it is to have more people who are doing industry specific work , working with customers in the industry and able to provide customers with a better, more detailed experience in order to sell them a lot more of microsoft products, especially new areas like cloud, data analysis. the memo, while very, very detailed, did not detail any impacts on jobs. we understand for people familiar, it will result and thousand of j

news. this is bloomberg. ♪ . ♪ live from bloomberg's world headquarters in new york and london, i am mark barton: i am vonnie quinn. a crushing defeat to repeal and replace the affordable care act with three republican senators voting against the so-called skinny repeal which would have left much of obamacare in place. mitch mcconnell spoke after the late-night collapse of the gop's agenda. senator mcconnell: this is a disappointment, disappointment indeed. our friends in the house, we thank them. i regret that our efforts were simply not enough. vonnie: let's bring in our chief washington correspondent kevin cirilli. what was he anticipating that john mccain would save the day? >> a disappointment to say the least that john mccain catching his colleagues offguard during the vote. it comes after senator mccain had arrived on capitol hill, days after he was diagnosed with brain cancer. the president in a situation he does not want to find himself in , crushing policy defeat for republican-controlled congress and a republican-controlled white house. the president said, if republicans are going to

kevin cirilli, and thanks to greg gorman of bloomberg news. ming up, kevin manziel weighs in on the prospect for president trump's economic agenda as retail industry faces a number of headwinds. from washington, this is bloomberg. ♪ scarlet: this is "bloomberg markets," i'm scarlet fu. retail in the u.s. facing a watershed moment as e-commerce disrupt traditional brick-and-mortar. almost 9000 stores set to close, but cold is talking the trend -- kohls is bucking the trend. keeping stores opened run their reach. we spoke with kevin manziel. --mansell. >> we will occasionally close stores. maybe lease obligation change and we close the store. i don't want to give the impression that we never close a store, but more generally, i think the fact that we leverage ,ur stores for on the channel or fulfill out of our stores customers online orders, we think that stores are really, really important. across a large platform the country, its free will dispersed, so we are represented everywhere. believe in the future of stores, and i think if customers mov

new threats. this is bloomberg. ♪ david: new york city on a friday afternoon. start with the headlines on bloomberg first word news this afternoon. get caught up. in a near unanimous vote, one hundred 20 countries have approved the first ever treated to ban nuclear weapons. the u.s. instead wants to strengthen the nuclear nonproliferation treaty. prime minister theresa may rejected pleas from her own brexit minister to guarantee the rights of eu citizens. davis minister david warned her about her hard-line approach. was makingin fate negotiations with other governments harder. the authority has approved a $9.7 billion aid payout to greece. meet paymentgreece deadlines due this month. the balance will become available in september. police and protesters continue to clash today. two dozen people were injured when they fell off a wall during a protest. 160 police officers have suffered injuries since the protest began yesterday. global news powered by 2700 journalists and analysts. this is bloomberg. david: let's get back to the g-20 summit. it lasted more than two

joining me now from washington shannon pettypiece a correspondent for bloomberg news and ed o'keefe, a reporter for "the washington post" and a contributor to cbs news. welcome to both of you. ed, let me start with you. donald trump, jr. said he released these e-mails so he could be totally transparent but it's only because the e-mails were about to be released by the newspaper. >> that's right. the "new york times" gotten these and told him they had them and so rushed them out. while we can appreciate his transparency putting it out there so we can all look at this what it begins to demonstrate now is the cleaner es links yet between the officials in the russian government trying to talk to the rule campaign about potentially damaging information about hillary clinton. in the words of mark warner earlier today all of these denials over the past year or so from trump officials, from the president himself from his sons that there was no attempt to talk russia about any of this are now cast aside by the proof that the president's son tweeted out today and shared with the world. even if

from new york, this is bloomberg. ♪ >> it is time now for first word news.you're responsible is how nikki haley describes yesterday's test launch by north korea of an icbm. haley told an emergency session of the un security council that pr yang's action made the world a more dangerous place. action made the world a more dangerous place. >> only the scale could become different. that is why yesterday's escalation is so army. --the meso fell into the sea missile fell into the sea. meantime, south korea and the nine states announced today they conducted a joint ballistic missile drill in waters off the eastern coast of the korean peninsula. president trump spoke about the dispute in a phone call with egypt's president. egypt is part of the saudi-led coalition that has isolated qatar claiming the country is supporting terrorism. president trump said both sides should negotiate constructively and follow on commitments to curb extremism. government supporters entered venezuela's opposition controlled national assembly by force today. several opposition lawmakers w

my from new york and washington, this is bloomberg. -- live from new york and washington, this is bloomberg this is bloomberg markets, the trump economy. i'm david westin. senate republicans say they will pass a health care bill before they leave for vacation in august. but the new reaction to the new bill makes it look less than certain before we get an updated cbo score on the proposal next week. expect, on what to which are toward chief washington correspondent, kevin cirilli. take us through next week. what is on the agenda? cbo scoring? kevin: the nonpartisan congressional budget office expected to release numbers on the health care proposal. we look at how many americans are going to lose health insurance as a result of this. it miscalculated the obamacare numbers. that said, they also speak to the budget scoring. i caught up with ultraconservative member house member and take a listen to what he said. >> the cbo yesterday, $720 billion deficit. that is a bottleneck. you have the border adjustable peace within the tax plan that is probably dead. that's another $1 trillion. we have sev

bloomberg. ♪ . vonnie: it is 11:00 a.m. in newft in the equity trading today in europe. >> this is the european close on bloomberg markets. nejra: here are the top stories we are covering. the top -- stoxx 600 looking to end of the week and the red. we will look to see if undervalued european equities still ring true. diplomatic spat between germany and turkey getting worse, which companies may get hit hard. how damaging will it be the expanded investigation into president trump be to get anything past. we will talk to what is the key senators, oregon senator ron wyden. let us have a look of were european equities are trading now, under 30 minute

from new york, this is bloomberg. ♪ >> it is 3:00 p.m. in new york. i'm julie hyman. carlet fu. welcome to bloomberg markets. ♪ and bloomberg world headquarters in new york in the next hour. in politics, the trump administration off to a rocky start in china. they lashed out against the trade imbalance. your policymakers looking for more clarity for mario draghi. more from the checkmate -- the chipmaker after the bell. let's get a check on markets. >> we have records from the s&p 500 and the nasdaq. now nine days in a row. record highs second is -- for the second day in a row. shares are down sharply. this is an interesting way to look at it. it is a one-year chart. the blue lines represent record highs. we have had tons of simultaneous record highs for the major averages. today the dow is not hitting a record high. >> take a look at what is happening sector was for the s&p 500. way to see what is happening. energy, let's take a look at what is happening with oil trading higher on the day up 1.6% after a bullish department of energy report. bigger than expected estimat

"bloomberg technology" is live streaming on twitter. check us out weekdays at 5:00 in nework, 2:00 p.m. in san francisco. this is bloomberg. ♪ emily: shares of qualcomm fell the most in six months. the stock slid 5% in friday session. the biggest maker of chips used in mobile phones forecasting steep declines in licensing sales and profit, underscoring its dependence on the royalties that apple has stopped paying. elon musk sent the tech and transportation world into a tizzy earlier when he tweeted "just received verbal government approval to build the underground hyperloop." new york to d.c. in 29 minutes. musk later set the record straight, saying still need formal approval. joining us now is max, who has covered elon musk's "boring company" for bloomberg businessweek. elon took you into the tunnel. what do you make of the idea that regulators would actually give elon musk approval at all for this? >> saying verbal approval can mean any number of things. if i am reading the tea leaves here, it could have been some kind of a positive signal from the federal government. we