." >> white house reporter withnews bloomberg news. help us talk through specifically the white house ane the response this week tothiseee hurricane harvey and its remnants. when is a president going to bep and how soon is expected to beed on the ground in texas? >> the presidenthe president spe weekend in camp david talking with a number of his cabinetumbh officials about what was happening inis houston. he held to cabinet meetings where he was filed in by telephone conference with their pictures sent out by the widest at the widest whiskey to making sure the american people knew the president was engaged and what it is even though hee was t camp david. today's back at the white house picky got back yesterday evening and is going to spend the day ae the white house, he has a number of meetings with the viceemeet president of the secretary of state picky a as a meeting with the president of finland but we hear the president will be goina to texas on tuesday.we we are not are sure if you goo directly to houston or so many other areas th

more from "bloomberg markets," ahead. from newk, this is bloomberg. ♪ ♪ scarlet: this is "bloomberg markets." julia: amazon is spending its first day as whole food is cutting prices by -- as much as will offerood selections. there is more to come. outside ofs standing whole foods. what kind of price cuts are we talking about and on what? like you said, amazon has wasted no time in cutting prices at whole foods. ofot of the produce and some the core items that people come to whole foods to buy our cut a itnificant -- are cut significant amount. rotisserie chicken and avocados are both down 29%. throughout the store, it is not that there are cats everywhere, but they are significant cuts across a number of items that people come to whole foods to buy. i spoke with one shopper who said she came in the other day and looked at buying a rotisserie chicken, thought the price, thought it was too expensive, but it back. today she bought that ticket because of the lower price. it will be interesting to see how these lower prices throw a new

global news 24 hours a day powered by more than 2700 journalists and analysts around the world. this is bloomberg>> breaking news. white house and republican ficials are said to be thinking about joe man chinn to run the energy department. the move could boost president rump's agenda. why does this announcement matter and how does it help the legislative agenda? >> earlier today i spoke with several sources who tell me senator joe manchin, a moderate democrat from west virginia, who is up for a tough re-election fight in the 2018 mid-term elections has emerged as someone who could be a potential contender to lead the department of energy. now, of course, that would involve some switches and changes withen the president's cabinet. what would have to happen is the secretary of energy currently is rick perry. he would have to go to the department of homeland security which has left open a vacant seat ever since general kelly, the previous owner of that spot so to speak, went on to become the president's chief of staff. now, should senator manchin, should this all go down, it would allow there to be

this is bloomberg. ♪ nejra: live from london and new york, i nejra cehic. ie quinn in this is the european close on "bloomberg markets." shares have plunged since a spat between the founder and board of the european services giant led to the ouster of the ceo. resigned earlier this morning and the drop in the share price highlights concerns ove of investors over the interference by the founders. typically people love the founder and ceo because it injects enthusiasm to the company. a fight playing out in the public atmosphere and investors get a little nervous about this. withthe founders fighting the ceo, the founder had a higher time letting go. she was the first non-founder ceo. he resigned saying that this has all become a distraction. it should not be a distraction because when you look at revenue , 62% of that company's revenue comes from north america. only 3% of revenue comes from india. here withbal company a lot more revenue from north america that people would normally think. if we look at a one-year basis, all this is pulling down the stock, down

this is bloomberg. ♪ vonnie: shares have made a new high on the day. g west abigail doolittle has more on this stock to watch. why royal caribbean? beat assessment for the second quarter. they raised the full-year guidance. our analyst says it has everything to do with strong tends -- trends in cruising. let's take a look at the ee function. $1.71 in earnings, beat by 2.6%. nearly $2.2 billion in revenues. stacy 8 out of their last 8 quarters, so everything moving in the right direction. they actually beat on rising estimates. it's not like it was a low bar quarter by any extent. if you take it one step further, something that looks solid here, this is where valuations is. we see is right in line with where it's been. it looks pretty solid. vonnie: it seems like it's not been that long since we had to get over some scandals related to cruising. abigail: the last time i looked at cruise lines last year they were in a tough spot. this year they are doing great. a number of the cruise lines of sharply. 44% at royal caribbean, up this year. we have carnival

sid verma, markets reporter for bloomberg news. vonnie: his columns are always fascinating. courtney donohoe is here with first word news. courtney: trump uses twitter to rip mitch mcconnell again for failure to repeal obamacare. tweeting -- courtney: that came after theynell suggested that could not expect the action that could be delivered. in kenya, sparking an election theis he a data shows that president was actually beaten in the vote and there was a serious attempt to alter the final vote tally. seymour gave an exclusive interview to bloomberg. -- james seymour gave an exclusive interview to bloomberg. >> my memo was about google and its culture. and -- punishme me and shamed me for doing it. google denied claims that employees who expressed support for him have been, -- contacted by the poor will be coming up later in the hour area more than 120 countries, i'm courtney donohoe. this is bloomberg market. mark: thanks a lot. copy -- property prices stagnating in july, with neighboring areas. that story, plus the three-way split to the cabinet over its brexit plan. this

from new york, this is bloomberg. ♪ joe: the euro is pulling back from the highs a little bit and taking the jackson hole. it's a significant degree of accommodation still warranted. , recovery is gaining on guard. the euro area recovery is gaining ground however. a sickly, we are having a conversation about how we talked about the euro or inflation. it wasn't a monetary policy speech and it looks like some of the comments are suggesting dialing back the hawkishness a little bit by saying there is still more work to do on inflation and that the ecb must remain on guard on these things. and these were answers to questions from participants. time to look at the stock of the hour. hertz, the car rental company, tumbling by about 7%. down as much is 11%. all of this on an analyst bid? >> it is a research analyst who says that hurts may have breached the terms of some of its debt. it goes back to may of this year when hertz had 1.2 billion dollars worth of lien debt. as it proceeds would be used for 2018 and 2019 debt. if y

caroline: that with some of my conversation with bloomberg news deals reporter manuel baigorri. e take a look at the top tech earnings this week. why alibaba and tencent investors may have more to cheer about. that is next. this is bloomberg. ♪ caroline: alibaba is on a run. the e-commerce company predicts its revenue will increase almost 50% this year on china's booming ranks of middle-class consumers. shares listed on the new york stock exchange have risen over 76% since the beginning of the year. investors may have even more to cheer about when the company reports its latest earnings on thursday. joining us to discuss alibaba and other asia tech earnings that are catching our eye, bloomberg technology reporter selina wang. alibaba, what are the key takeaways? selina: we are expecting very strong profit and sales growth. alibaba has a lot of macro trends in china. more chinese consumers are buying online. bloomberg intelligence estimates alibaba makes up 95% of the e-commerce transactions in china. so, as long as that market is growing, alibaba will continue to grow as well. we

." ♪ from bloomberg world headquarters in new york, here are the top stories from bloomberg and aroundhe world. friday's jobs report rounds out of key economic events to cross the calendar. movies give the description of the economy before tomorrow's jobs day. guggenheim may be able to sell part of the investments business to invesco. more on scott minor's $2 billion price tag. plus, highlights from our squareor you with the ceo. first, though, julie hyman. we have a few things happening. we have currency fireworks and energy fireworks. i was going to say down, but the dow is into the positive here. have seen gains and losses in a very tight race. the s&p and nasdaq have consistently been down today. i want to turn to currencies in the wake of the bank of england's readings today. the war was it was cold study on rates but cut the growth forecasts. the lumber dollar index is actually slightly lower. the yen has been gaining ground, and the dow has been following -- falling. the read on the service is economy in the u.s. is sending the dollar continuously downtrend. let's talk about the

this is bloomberg. ♪ julia cheverly: it is 3:00 p.m. in new york. i am julia chatterley. d i am scarlet fu. welcome to bloomberg market. -- bloomberg markets. ♪ we are live in a bloomberg headquarters in new york. over the next hour. here are the top stories we're covering. u.s. labor market in focus -- the u.s. expected to have added 180,000 jobs in july, but will wage growth pick up steam? meanwhile the fed could be in store for a major change. we will tell you what to expect if president trump's bulldog gary cohn is tapped to be the next chair. and a retailer tells us how he tends -- intends to grow the company. one hour from the close of trading, let's check on markets with julie haydn. -- julie hyman. julie hyman: it is interesting today how steady it has been through the course of the day. through the opening bell this morning, we have seen the dow little changed. slightly upward bias. if it rises committee will be a new record on a closing basis. the s&p and the nasdaq have been down between 1/5 and .25% throughout the day. we have seen steady trading as the focus c

this is bloomberg. ♪ . . in new york, 4:00 in london 11:00 p.m. in hong kong. day in europe, from london, i'm nejra cehic. vonnie: i'm vonnie quinn. this is the european close on "bloomberg markets." ♪ nejra: here of the top stories we are covering from the bloomberg and around the world. the fallout from the virginia white supremacist protest rocks washington and the business world. resigned ken frazier from president trump's manufacturing council over the incident. president trump fired back with a tweet about drug fighters. in markets, one of the top equity sectors for the rest of helenar, we will talk to driver, who says there are opportunities in u.s. banks as well as retail. and why is mario draghi being quiet about the resilient euro? we look into how it currencies strength may impact the future of qe, especially as meetings get started . -- next month.

from new york, this is bloomberg. ♪ . . scarlet: it is 2 p.m. in new york, 11 a.m. ulia: welcome to bloomberg markets. julie: we are live at bloomberg headquarters. here's the top stories we're covering on the bloomberg and around the world. with elio is waving the red flag again, saying he is tactically reducing risk. the world top minor is changing course -- php billiton is in talks for a buyer for its shale assets. and apple is celebrating the 10th anniversary of the iphone with a makeover. we will go under the hood to look at the features of the iphone eight. u.s. markets are closing in two hours. are check on where stocks trading with taylor riggs. taylor: kind of a risk on field today after a recent pullback. the s&p 500 down

david: from bloomberg world headquarters in new york, i'm david gura. : balance of power. here are the top stories we are watching at this hour. all options are on the table. that's president trump's response to north korea and his message to the world after the rogue regime fires an unidentified ballistic missile over japan. we may hear from the president later this afternoon. he and his wife are in texas assessing the damage from tropical storm harvey and monitoring the response. rain continues to fall and thousands of texans have been displaced. investigation into russia's involvement in the election continues. the president's lawyer reveals the trump organization was trying to do deals in russia despite what the president has said. ♪ we start with an update on tropical storm harvey. mark crumpton is standing by the first word news. trump is inent te

♪ julie: we are live at bloomberg world headquarters in new york. re are the top stories we are covering on the bloomberg and around the world. congress is on the receiving end of the president's latest threats. he is hinting at a veto that could shut down the government unless lawmakers include funding for a border wall. manager is going beyond calls to reduce risk-taking. u.s. equities could at be -- be at the end of their bull run. lowe's is losing out to rival home depot. it failed to reap the benefits of the home remodeling boom. u.s. markets close in two hours. let's check on stocks with taylor riggs. we said stocks were off a quarter of 1%. we thought the s&p was trying to climb up to a high. maybe .3%. yesterday. up 1% taking some of those gains off the table. not anything to screen about. we are looking at earnings. years.n the most in 19 at one point the learned -- world's largest advertising firm. that sector makes up a third of its revenue. markets closing down more than 11%. other earnings that we were following was lows. lowe's and home

from bloomberg world headquarters in new york, here's a top stories on the bloomberg and around the world that we are following. today's apple surge recently took the dow past 22,000 for the first time. we take a deeper look at the sector trends fueling that milestone. the goldman sachs ceo has told bloomberg he knows how to fix the company's fixed income business. more on why he's not panicking this hour. plus, president trump commenting this morning hundred reducing unskilled immigrants coming into the u.s. we will have the latest, including insight from senator marco rubio on why he has received for a harder line on m aduro. julie hyman is with us. were halfway into the trading day. will we remember this trading day as a record day? i guess,r the dow, that 22,000 milestone which we are back above once again even though the s&p and nasdaq lagging, we've had this divergence recently, especially between the nasdaq and dow, and that divergence continuing today. we haven't had the confirmation high by the record other major averages. also, keep in mind that in terms of what professional tra

shares trading at a new record before the iphone event next month. this is bloomberg from london and new york, i am mark barton. vonnie: i am vonnie quinn. this is the european close on bloomberg markets. time for our stock of the hour, shares in best buy down as much as 11%, facing a big reversal, the biggest intraday decline since january 2016. thatis despite earnings show the best sales in more than seven years. what exactly happened? >> earnings for best buy this morning were very good. you mentioned a posted the best sales growth in seven years. 2976, itok at g #btv shows that and what we saw was a 5.4% sales growth, double the analyst forecasts and they also increased their forecast before for revenue and profit. what we sow it shares rising this morning, it was earnings when the ceo got onto the call and sounded cautious. what he said was that today's good results cannot be seen as the new normal in the level of growth may not be sustainable, particularly into the fourth quarter, around the holiday season, when we see emotional activity and very competitive. it

from new york, this is bloomberg. ♪ ♪ it is time now for first word news.d minister met with jared kushner today hours after the trump administration cut nearly $100 million in military and economic aid to egypt and delayed $200 million in military financing, citing egypt's poor human rights record and its crackdown on civic and other nongovernmental groups. cairo tohner was in explore ways to revive it israeli-palestinian peace talks. a top united nations body on racial discrimination has taken the unusual step of calling on the united states to reject racist hate speech and crimes following the violence and charlottesville, virginia. without referring specifically to president trump, the committee pointed to "the failure of the highest political level to unequivocally reject racist, violent events in the u.s." missouri governor eric greitens if the person who expressed hope president trump would die does not resign comes steps will be taken to remove her from office. the governor hinted that further calls tos resisted resign after posting the comment last

we are live and bloomberg world headquarters in new york over the next hour. here of a top stories we're covering on the bloomberg and around the world. the most inall in six weeks on escalating tensions with north korea. the decline comes on the heels of some of the biggest money managers calling for investors to act with more caution. in corporate news, goober hitting another speed bump. the cofounder stepping down from his management role. exit, a tomorrow year for the ridesharing service. and analyst: facebook makes him the biggest bowl on wall street. worth thinks facebook is $230. stocks are lower right now the nasdaq leading the way. >> a third straight day of losses. we haven't seen losses like this in quite a while. since may 17 was the last time we saw the s&p 500 fall by at least 1% in the last time we saw drops of this magnitude in all of the major averages. to go look at the bloomberg g #btv 912. int is a chart of the moves the s&p 500. not seen --e have again, this is another way to look at the move. here is the one-day move and we have to find th

we are alive 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. stever personnel shakeup, shannon is out as the white house chief strategist. the white house says he and chief of staff john kelly mutually decided today would be his last day. phils are gaining on latest revolving door at the white house and we are seeing bouncing around between gains and losses. fanon's exit seemingly good news after hetors called for an economic war with china. and shares a foot locker plunging. we begin in washington. steve bannon, controversial adviser to president is leaving the white house. bannon has been on shaky grounds .or weeks here's what president trump said about bennett on tuesday during a news conference at trump tower. president trump: i like him, he's a good man. he's not a racist, i can tell you that. he actually gets a very unfair press in that regard. he's a good person. >> a good person but he is out. that craigjoins us gordon joins us from our washington bureau. ther

new jersey. he tweeted -- rattnerth us, steve and the editor and chief of bloomberg businessweek. sense some defensiveness. just want to flag, new polling from gallup looking at the , 38idents approval rating percent. he, as ever, is cognitive of his perception. look, it's ridiculous, right? he's on vacation. there have been all these photos of him in golf carts and at weddings. why doesn't he just tell the truth? on vacation. i am doing some work, but i am getting my two weeks off like everybody else. , we sawegan murphy president trump in west virginia a couple of times over the last couple of weeks, back on stage in front of a big crowd, clearly enjoying talking to his constituents. talk about the timing of this -- vacation. it's clear he was making inroads to the rust belt and trying to make his case to the american people again. anyone ison't think discouraging him from taking a vacation. it's more the pattern of behavior that continues, even with john kelly, the new chief of staff. veryw a rage tweets we are accustomed to. that's a pattern people find disruptive. he can say i

covering the justice department for bloomberg news. at how president donald trump's sons are aiming to take his ritzy hotel brand from uptown to down market. from new york, this is bloomberg. ♪ julia: i'm julia chatterley. showing you images of the white house. beautiful sunny day. after president donald trump the elected he pledged he would make no new business deals. his sons carry on at the trump organization and they're always looking for ways to take the ritzy hotel brand down market. daniel ferrera joins us now. tell us what the trumps are doing in the mississippi delta. >> i think they did this during the campaign. they have introduced two new hotel brands. one is a four star brand called scion and a three-star brand called the american idea. they have partnered with hotel entrepreneurs in the mississippi delta. it's a complex mix of business interests for the family and the brand itself and what that represents and difficulties for the presidency. >> it gets more complicated. julia: whose money is on the line? >> their partners

bloomberg technology. we are live streaming on twitter. check us out weekdays 5:00 p.m. in new york. onderful weekend, everybody. this is bloomberg. ♪ got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. >> from our studios in new york, this is charlie rose. president trump continues to whether the fallout from charlottesville, virginia. his comments but him a odds with top military business leaders and members of the republican party. he dismantled to business advisory councils after a series of resignations. twitter thathe at it was sad to see united states history ripped apart. joining me now is robert costa. he is the moderator of

emily: gerry smith, who covers media for bloomberg news, with us from new york. much for stopping by. that does it for this edition of "bloomberg technology." we are live streaming on twitter. check us out weekdays at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ >> from our studios in new york city, this is "charlie rose." charlie: graham alice son is a professor at the kennedy school at harvard. can america and china the trap. he examines the potential for conflict as china threatens to displace america on the world stage. m pleased to have graham alison. when did you first know that this was a subject that needed attention? >> probably a decade

bloomberg technology. let's begin with a check of first word news.an n, whose last day on the jar today, tells josh green of bloomberg news that he is going to war for president trump and will take on the president's opponents in the media, congress and in business. his departure came following clashes with mr. trump's family and other white house officials in recent weeks. told bloomberg friday the u.s. is experiencing a crisis of leadership. >> we can be optimistic. but the president is a wildcard. he has shown that on issue after issue. and he needs to center this administration, and rely more on these cabinet secretary's you can produce better results for him. burns said that the president "doesn't even have a grasp of the center event of our history, the civil war." a man stabbed a people in finland friday to my killing two of them before he was shot and attained by police. authorities were looking for more potential suspects. a city about 100 miles west of helsinki. security has been stepped up across finland. european flags flew at half thef f

this is bloomberg. ♪ apple havehares of hit a new all-time high today.ord cap of massive growth in stock price this year, which is 40%, and it could have further to run with the average price target for the stock among analysts still inching slightly ahead at $174. 's stocke, apple's success this year has helped push to some cook to new heights. last week, he was awarded shares, nearly $90 million. his total awarded competition was $150 million last year compared to $72.9 million in 2015. more details on cook's payday, let's bring in our guest who wrote about the topic from bloomberg news. fascinating. talk to us about how the conversation is done for tim cook. explain the structure.in some ways , he voted for it himself. >> yeah. apple has a special set up with tim cook. when he came into the ceo role, apple said, we will give you a massive chunk of stock that you will get in two increments of 10 years worth of to $370 million at the time. a couple years later, it was restructured and split up over the years. so cook in a typical year can collect about

from new york, this is bloomberg. ♪ julie: it is 3 p.m. in new york, 12 p.m. co, and 8 p.m. in london. i'm julie hyman. and i'm scarlet fu, welcome to bloomberg markets. ♪ julie: we're live at 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. an eventful and to the exodus from president's advisory council. the president tweeting he was ending the manufacturing and strategy councils after a string of ceo departures. the rift caused by president trump's sharp rhetoric is having an impact on his agenda and the distractions way on lawmakers as they try to move ahead with tax reform. we are one hour from the close of trading. plus, fed minutes. things from the market to chew on. emma: it's all green, but not too many games here on the majors. .1%.en .2% and the dow jones looking to extend its rally for a fourth straight day. the s&p came within 16.7 intraday high. -- 16 points of an intraday high. tocan see that we were close that high a bit earlier on but we had two pieces of

markets." ♪ from bloomberg world headquarters in new yorkop stories from bloomberg and around the world. friday's jobs report rounds out of key economic events to cross the calendar. movies give the description of the economy before tomorrow's jobs day. guggenheim may be able to sell part of the investments business to invesco. more on scott minor's $2 billion price tag. plus, highlights from our squareor you with the ceo. first, though, julie hyman. we have a few things happening. we have currency fireworks and energy fireworks. i was going to say down,

isit ncicap.org] scarlet: we're live in bloomberg headquarters in new york over the next hour. the top stories we're covering on bloomberg and around the world. president trump's advisor panel loses a fourth executive in the wake of his handling of charlottesville. trump shooting back calling them grand standers and says he has many more to replace them. speaking of exits, hedge funds are breaking up with facebook and apple. some of the biggest money managers trim their stakes in the tech darlings. and the lunch bell is ringing on wall street as one industry leaders cooks up new ventures. myer founder and c.e.o. of union scare hospitality group brings us a first look at his new restaurants this hour. a check on where stocks are trading with taylor rigs. whether it's big caps or small. >> red aero-- aeros -- arrows. i would note volume for the s and p is down 20% for its average. not a huge concern there. take a look at that russell 2,000. the small caps. down .7%. i note that russell 2000 is hovering between its 100 to 200 day average. now we're also in the middle of earning sea

emily: gerry smith, who covers media for bloomberg news, with us from new york. ch for stopping by. that does it for this edition of "bloomberg technology." we are live streaming on twitter. check us out weekdays at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. >> the following program is a paid advertisement for the hd mirror cam, brought to you by inventel products llc. announcer: yep, they're out there, driving recklessly, causing accidents, and driving up your insurance rates. this is a show about car accidents. classic cars, and the hd mirror cam, the personal security camera for your car.

new york. this is bloomberg. ♪ new york.00 p.m. lcome to "bloomberg markets." ♪ >> we're live over the next hour in new york. here are top stories around the world. in politics, president donald trump signing a sanctions bill the limitserns on placed on him by congress. lloyd blankfein telling bloomberg what changes the bank plans to make. in corporate news, results at the road after the bell today. investors will be keeping and i on the revved up production schedule and we will bring you the numbers. with have got a check on markets with julie hyman. back. yes, i am all three major averages perk up a little bit. the s&p 500 down as was the nasdaq. both clawed their way back to dow holds above 22,000. the s&p 500 earlier today touched a record of closing basis. we will see what happens in the last hour or so of trading. we continue to see them push or pull and have a big effect. we have got apple of course, the biggest influence today. after the second quarter revenue forecast, sent shares higher, you have got the maker of gene sequ

from new york, this is bloomberg. ♪ york and0 p.m. in new 7:00 p.m. in london. to bloomberg "bloomberg markets." ♪ julie: we are live in bloomberg world" is in new york over the next hour. your top stories we are covering in the bloomberg and around the world. wall street has jackson hole on his mound as janet yellen heads to the annual summit. unwind's big man could be a shock. the sun is in the spotlight today. we have eclipse fever like everyone else. a total eclipse from coast-to-coast for the first time since 1918. we will talk to the ceo of sunrun. bill's comeback trail hitting another roadblock. blow against nutritional supplements company.

this is bloomberg. ♪ ♪ live from new york and london, i'm vonnie quinn. loomberg markets." all three major central play -- central banks are missing their inflation targets. kathleen hays brought that question to the bank of america governor haruhiko kuroda. in the u.s. and europe, inflation rate actually close to the target. the inflation rate in japan is still far away from our target. between some difference u.s. and europe and japan. rates are not rising so fast, prices are notut rising. here, there is some kind of deflation mindset. leaders.ong they tend to be cautious in gauging prices. investingare heavily andr, savings and so on also they are changing the -- as to reduce labor costs. ,espite some wage increase labor rates have not been rising so they are not wired to raise the prices. >> but they are doing well. that hasn't happened in japan in years. they are succeeding on growth and maybe something is changed. does inflation matter so much? 4% growth is good, but i don't think it can be a thing. growth can bed 2% obtained this fiscal year. even i

and you're looking at yellen, draghi and kuroda there, this is bloomberg. >> from new york city and to worldwide, i'm jonathan farrow. this is bloomberg real yield. jonathan: they gather in jackson hole and they hear from mario draghi. janet yellen offers a broad view of the rules and they look at the height of concerns over the u.s. debt ceiling. we begin with a big issue in jackson hole, little about yellen and maybe more about draghi.

with sahil kapur, bloomberg news. heather long of the "washington post" with us. let's start with the influence of the chamber of commerce, particularly when it comes to this tax reform issue. how much weight can the chamber bring to bear here? how big of stick can they yield in the priorities that mr. bradley going through now? heather well, i think it's a : huge amount of influence. obviously they're willing to spend possibly millions of dollars on tv ad campaigns around the country to try and galvanized support on the ground for this. nowink what we have seen is that this eeo counsel has been disbanded after trump's comment on charlottesville there is a real need for the white house and congress to find ways to interact with the. you can see that he is was really trying to almost downplay those and sort of say that the door is still open. they're still talking. i think the chamber becomes more important voice at the table. they represent so many of those businesses now those ceo's aren't going to go as often themselves. they don't want to be seen standing along

from bloomberg world headquarters in new york, near the top stories on the bloomberg and around the world that we are following this hour. fallout over president trump's failure to strongly personally denounce the rights of premises rally -- the white supremacist rally in virginia. ceo lloydchs blankfein also speak now on twitter. the president is expected to announce new investigation into china's trade practices this afternoon. will the chinese retaliate, and what might it mean for the ongoing north korea nuclear threat? an angry birds maker rubio is preparing to go public, but will it later goldman for investors? -- a golden egg for investors? abigail doolittle is here to save us, and despite all the awkwardness over the weekend and threats of may be receiving international lows, we are seeing an upmarket. abigail: we have a rally on our investors think it's unlikely to affect the corporate outlook. we have the s&p 500 and the dow and the nasdaq all having the best day in weeks, if not months. the s&p 500 on case for its best day since the middle of april of the end of april, pretty im

bloomberg. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. from london, i am mark barton. time for the bloomberg business flash. the price of copper has risen to a three-year high with the chief executive of a metal producer does not see the good times ending. he spoke with bloomberg news. >> we are seeing sustained growth and copper demand link to organization and to the move that china is giving to the consumer economy, much more intensive in copper when it comes to electronics and appliances. add a significant change or disruption technology wise with electric vehicles in the space of clean energy. which is amazing. mark: copper has rallied 20% in 2017. bad news when warren buffett berkshire hathaway attempted by encore failed. it removed the company from creditwatch negative the s&p says berkshire hathaway has had a negative status in july to reflect uncertainty over how it would pay for the proposed $9 billion acquisition. that is the latest bloomberg is this flash. or minutes away from the end of the tuesday session -- four minutes away

scarlet: we are live at bloomberg world headquarters in new york. here are the top stories we're covering from around the world and on the bloomberg. the job -- the dow jones industrial average turning within reach of 22,000. stocks being pushed higher on the latest wave of corporate earnings. the world's biggest futures operator reporting record profits. the chairman and ceo of cme group gives us insight on the group's strategy ahead. in washington, lawmakers are trying to find their footing on tax or firm -- tax reform. they are setting up what one of them calls an aggressive timetable. u.s. markets are closing in two hours. let's get a check on where stocks are trading before apple reports later this afternoon. the nasdaq lagging behind again. julia: it is. in the meantime, the dow is doing quite well. we have seen the ratio of the dow to the nasdaq. the dow has been gaining disproportionately and add a record, approaching 22,000. movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 component

from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world today.top this -- world this bank is stepping up efforts to find a buyer for sprint by reviving talks with t-mobile as competition heats up. two titans of the bond market are pinning their floats -- an inflation come back. and opec -- talks underway in abu dhabi. oil producers coming up shorts on their measurements to alleviate the global oil glut. a lot to cover. julie hyman is here halfway into the trading day. >> the nasdaq is getting the most of the temperatures. but as a flip of what we have seen over the last week. the dow is up for the tent straight -- 10th straight session. the s&p is up marginally as well. but the nasdaq is the big winner today. no surprise that the biggest contributor to the nasdaq's gains is apple. tends tos up 1% it have that kind of effect. continuingto be a move after the bloomberg story that the company is planning to release a version of its smart watch that can connect directly to cellular networks. it would reduce the reliance on the iphone acc

david: ryan collins with bloomberg news based in houston. joining us by phone.ain continues to fall. one of our white house reporters is going to join us as we continue to watch that briefing with the president or the president is going to hear from various law enforcement officials in corpus christi. he and his wife are going to move on to austin. the gentleman to the president's right is greg abbott. the governor of texas. they have been in very close reportswith the first of this storm brewing in the gulf of mexico. they have talked about each other in close contact throughout all of this. the president is going to head up to austin to meet with other men and women responsible for the relief effort in texas. with us from outside the white house in washington, d.c. what did you hear from the president? outlining his interest in continuing to indicate with governor abbott on the state level. how would you characterize that relationship thus far? >> the president and governor tradingave been pleasantries and support over the last few days and this is the latest

the results of our latest bloomberg survey of economists live from bloomberg -- live from new york, this is bloomberg. this is bloomberg markets the trump economy. let's check in on the bloomberg first word news. >> president trump says the department of justice opened a civil rights investigation into the violence that occurred this weekend at a white nationalist march in virginia. >> to anyone who acted racistlly in this violence, you will be held accountable. justice will be delivered. the president condemned white nationalist groups following the -- calling the kkk, neo-nazis, and white supremacists criminals and sucks. stepping up their attack six weeks before voters decide whether to give them a fourth term. merkel was accused of failing to a trust the diesel spindle -- diesel scandal. winds arethe fierce making it tough on firefighters battling a large wildfire north of athens. has damaged at least 20 homes and threatens more as it continues to burn uncontained. no injuries have been reported. trying to have public offenders replaced with private attorneys. a federal judge in new

investigative reporter for bloomberg news who broke this story today. thank you for joining us. >> my pleasure. >> reaching out. you report on the subpoenas to global banks. i want to ask you about that in detail in just a moment. what does that phrasing mean? >> they are squeezing manafort. they want the get any information on him. the raid two weeks ago was a show of force. they mean business and they suspect there's something that is actionable there. and they are basically leaving no stone unturned in order to get the message to paul manafort that, you know, they're serious, and if there's any skeletons in the closet, even not necessarily related to the campaign and russia last year, they will have them. and therefore, it will pressure him to tell whatever he knows. >> so that means they're asking for informal -- they're asking for interviews with these people? asking for people to voluntarily hand things over? do we know if they're pursuing paul manafort's business partners and for example his son-in-law by subpoenaing them, by putting them under l

from new york, this is bloomberg. ♪ ♪ time for first word news. heyer, the woman that was killed last week and while protesting the white nationalist rally in charlottesville, virginia, today urged mourners at a memorial service to "make my daughter's death worthwhile by channeling anger into righteous action." >> we do not all have to die. we do not all have to sacrifice our lives. they tried to kill my child to shut her up. guess what, you just magnified her. trump hasident tweeted for the first time about her, calling her "beautiful and incredible and a special young woman> ." u.s. trade representative robert lighthizer called for an overhaul of nafta, the north america free trade agreement, as talks begin on revamping the 23-year-old deal between the u.s., canada and mexico. >> for countless americans, this agreement has failed. we cannot ignore the huge trade deficits, the lost manufacturing jobs, the businesses that have closed or moved, because of incentives intended or not in the current agreement. leasthe also said that at 700,000 america

this is bloomberg. ♪ vonnie: live from london and new york, i am vonnie quinn. ark barton and this is "bloomberg markets." let's turn to financial regulations. the start of the europe's miss it to rules are aimed at making markets fairer and more transparent. everything impacts from how firms trade to how research is distributed. joining us now is sarah jones, u.k. asset management reporter for bloomberg news, just remind us of the highlights of the new rules before we get into the underlying issues. sarah: these is want to get your head around is the research, which also happens to be the most controversial. essentially that is basically stripping out how much asset managers are paying for research. some are not paying anything at all. now the regulator wants to say, no, no, this is how much you're paying for research. mark: less demand for research -- does that logically mean less demand for analysts? sarah: you would assume so actually. mackenzie put out a report earlier this year from the top 10 firms that they expect to see a 30% reduction in spending so tha

this is big news. >> all the talk of the city. nejra: exactly, and bloombergs breaking this news. we're talking about the lower bond of $10,000 coming in from jpmorgan. talking about and all in price, are we? the banksfeels like are testing the waters. we are five months out from this. some of this information is leaking out and what are testing a little to see what the market will bear. we won't really know what it will bear until it is in effect. until clients see what they are getting for this money -- and that is why i think you're seeing a bit of a range here. of theseeels like some banks may be putting out prices to see if they can gain market share. this will be a different competitive landscape for them. nejra: i just want to bring up the bloomberg function for you can find out pretty much everything there is to know. you can click into these various menus. you have bloomberg solutions, overview, videos. this is cool. you can subscribe to news alerts, which means you get all the stories coming through. speaking of that, another story is liquid net devi

vonnie: from bloomberg world figures in new york, here are the top stories. trump threatens to bring the u.s. government to the brink of a shutdown is needed to pressure congress into funding the border wall. we will look at the growing divide within the gop. plus, losing patience for the president's antics, why our next guest is not ready to throw in the towel yet. deregulation is going to washington could add $27 billion of gross profit at the sixth largest u.s. bank. a lot to cover in the next 60 minutes but first we have abigail doolittle. a little bit of a selloff. crazy, smallo declines for major averages for the dow, s&p 500, nasdaq down about 2/10 of 1%. but declineses after the big rally yesterday. consolidation on the part of investors. the chief technical analyst said that yesterday's rally let the s&p 500 slightly overbought in the near term. a little bit of a pullback. the dow transports, the seller is significant, down one and one quarter of 1%. what is dragging on the dow, american airlines and united both down in a big way, 3%, roughly 3% for

new stake in alibaba. he has been big on alibaba for a while. it will now be his third-largest position. appear bloombergt. $520 million. that's new. a couple new investors getting into alibaba as well. sam druckenmiller's family office, discovery, and viking, other hedge funds. that's number one, alibaba. number two i know we have been talking about a little bit, the market take on blue apron and snap. these are new ipo's. has he actually bought some of these? blue apron was up today, anosly due to janice -- joh disclosing a stake. snap shares rallied on filing day last quarter, 8%. now we have seen many of those investors who went into snap pulling out. we have seen third point, we have seen discovery, and we have seen appaloosa pull out of snap. julie: when it comes to blue it is people think maybe going to get active. >> they can think that, sure. julie: when do they have to disclose if they are going to go activist? >> this filing is not one in which they are saying i am taking a passive or active stake. that would come in a 13 d filing . that requires that you pass a certain threshold. that said, m

theie: and live from bloomberg world headquarters in new york, i am vonnie quinn. symposium in jackson hole wrapped up this weekend. bloombergs michael mckee got a chance to sit down with cleveland's fed president who has been more one of -- one of the more hawkish members but -- of the fomc. >> monetary policy is still accommodative. the gradual path of normalization is really a gradual path and my argument of why you want to stay on that path is because we are in a more normal economy. inflation is not yet at 2%, but what we learned is we have to move policy a little bit before we get to the goals or we are going to be behind or potentially left behind. we could find yourself in a bad spot. i would not say i may advocate of higher rates. i am a advocate of keeping on this more gradual normalization path where we are taking away some of the accommodations we needed to put in. ofhael: you think the risk higher inflation is greater than the risk of higher rates having a damping of act on the economy? loretta: there are a number of risks. the underlying momentum of t

new phone, or to announce it. emily: i will be excited for the details to come. until then, mark gurman, bloomberg tech reporter. ank so much. coming up, consumers of the new iphone are not the only ones excited. we talked to the ceo of one of apple's semiconductor suppliers. this is bloomberg. ♪ emily: toyota is aiming to the a bigger slice of the ridesharing market. automakers investigating an undisclosed amount in southeast asia's leading ridesharing service, grab. the investment will be through the $55 billion technology fund set up in april. , is fund, created by toyota seeking opportunities in innovative technology products and services. last year, toyota bought a small inke in uber while grab hold $2 million in investments from didi and softbank. we just discussed details about apple's eagerly awaited iphone, but it is not just consumers brimming with excitement. suppliers are equally giddy as they look for new business opportunities. caroline hyde spoke with the ceo of one of the key semiconductor suppliers. take it away. caroline: these semiconductor ceo said new phones coming to the market help sell an

♪ we're live in bloomberg world headquarters in new york over the next hour. e top stories we are covering on the bloomberg and from around the world. u.s. stocks hovering at record highs, but small caps have not gotten in on the action. we speak with david nadel from royce and associates about smaller opportunities, particularly abroad. opec representatives meeting and i would be to discuss crude production cuts, but will falling as investors still seek reassurance. and softbank on its latest earning results as deals and investments kick in the high gear. foriscussed the game plan the global pension fund. u.s. stock markets close in two hours time and julie hyman has been tracking the record high moves. julie: on the dow, it's a record high. 10 straight sessions the dow is up as well, it's been quite a run on a cumulative basis has been small. performer,is the slipping the roles between the dow and the nasdaq that we have seen over the last week or so. the vix is down again, volatility down below 10 today. points out if you are looking volatility, their places