here is emma chandra. emma: in chicago, federal agents have joined with local police to stem the flow of illegal guns into the city. earlier today, president trump tweeted the crime and killings in chicago have reached epidemic proportions, so he was sending in federal help. the crime targets illegal firearms and repeat gun offenders. in a u.k. consumer confidence hasn't been this bad since the brexit vote. inflation and political uncertainty are keeping britain's from making big purchases. they were less confident about the economy and personal finances. germany has joined other european nations in legalizing gay marriage. angela merkel unexpectedly dropped her party's traditional rejection. she said members of her christian democratic block could vote their conscience. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am, chandra. this is bloomberg. mark? mark: thanks a lot. trying to close out the month on a winning streak, crude still down more

emma chandra is here. president trump vowed to crack down on the leaks of classified material to the news media. a government made its first arrest. a former air force linguist who works as a contractor has been charged with espionage. he is accused of sending a security port on russian hacking to a news outlet. tim cook says the company helped british officials investigate terror attacks. emilyke to bloomberg tv's chang. tim: in cases where we have information and they have gone to -- through the lawful process, we not just give it, but we do it very promptly. emma: law enforcement officials have criticized apple for its standards for tough encryption. we will have more highlights with our exclusive interview with tim cook throughout daybreak: america's today. it is less than 24 hours but for -- before voting begins. boris johnson is sent to the northeast of england today. those areas voted to leave the european union. he will say that only theresa may will get brexit right. jeremy corbyn will try to shor

i'm emma chandra. this is bloomberg.o revisit the breaking news, avis signed a partnership with alphabet. the agreement for avis budget group to manage a fleet of autonomous vehicles based in phoenix. davis also owns the zip car. the new deal could help with an asset that rivals major automakers. this is bloomberg. ♪ mark: live from london i'm mark boughton. vonnie: i'm vonnie quinn. this is bloomberg markets. oil is studying after suffering its fifth straight weekly loss while gold is dropping. joining us from the cme to discuss is senior vice president gold we had a big move in this morning. there's a lot of speculation as to whether it was one large or could ittion have been an error. the bounceback suggests -- doesn't make it any clearer. we have seen relief trading in gold this morning. i think right now gold is continuing to be weighed down by sellers. lastw a massive exodus week. the fourth largest in the last year. you are seeing continued exit amid a very unclear future for the path of finance in the dollar and

chandra also tweeted, quote.. "a lifetime cap on benefits is the same as saying, "sorry, you're not worth keeping alive anymore." today is the final day of the supreme court's session. the justices are expected to issue rulings on several cases, including the fate of president trump's travel ban. justices could lift the lower court orders and let the ban go into effect.. or they could decide not to take the case at all - which would essentially end the president's executive order. a third scenario - the supreme court could shelve a decision until next term. something else to watch for today - a possible high court retirement. sources tell abc news justice anthony kennedy could annonunce his the swing vote in a number of high profile decisions his departure would allow conservatives to take firm control of the court. kennedy will be 81 next month. this morning, india's prime minister "narenda modi" is in washington to meet with president trump. the white house says the two-day trip is mainly for trump and modi - wh

alison chandra shared this photo of a $231,000 medical bill. people, for her now, this was retweeted more than 57,000 times. the post highlighted just how much families with sick kids rely on medical insurance. mireya villarreal here with the chan der family's story. good morning. >> good morning. she never thought one twitter post could spark so much interest. her goal was simple though. put the health care debate into place. it affects real people like her son ethan. >> how did you get a scar? >> surgery. >> does it hurt? no. >> he was born with a heart congenital defect with organs in the wrong place. >> five surgeriesurgeries, two catheterizations and another diagnostic procedure under anesthesia. he doesn't know any other life. >> did you ever ask how do i pay for this? >> ethan's fight to getga aly c. >> whelp i say i'm thankful, mean there's a set of laws that tells insurance companies, look, this is what you need to cover. you need to cover essential health benefits. >> reporter: insurance plans must meet a minimum standard of coverage.

emily: that was bloomberg's image chandra reporting earlier -- emma chandra reporting earlier.la has been a standout this year, eclipsing general market --motors in market cap. should investors be betting on the future of tesla compared to the current state of g.m.? he spoke earlier about shorting tesla stock which he thinks is in a bubble. >> you have a guy who has done all kinds of fancy innovation and is thinking about how society should be 50 years from now or 100 years from now but has yet to take any money and turn it into a profitable business. i don't have any optimism that will change. >> you may be right. we will find out about tesla. they seem to be a lot of investors willing to give him more money to do science experience or whatever he is doing. how much commitment do you have to do when you go short on something like tesla? that can get painful. >> tesla is one of many things we have in our bubble basket of stocks we think are mispriced by huge amounts. they are sized in a way that gives us the ability to wait a fair amount of time to be proven right or wrong. i t

chandra told our news partners at c-n-n... that she posted the bill because quote- " it seems like our kids are being reduced to a line in the budget" she is also fearful the proposed health care bill in congress could change ethan's coverage. (steve)in sports... we will update you on the giants... as they host the colorado rockies...(pam)... and draymond green finally does it... and is the first warrior to ever do it... gary will let you know exactly what it was... and have all the sports... coming up federal student loan interest rates to rise saturday . . . starting saturday, interest rates will rise on new federal loans for 2017-2018. college students and their families can expect to pay more as they borrow for the fall semester. interest rates will rise to 4.45 percent for undergrads borrowing after saturday. graduate students aren't spared: their rates go to 6 percent. last year, the average graduate owed $37,172 in student loan debt.your credit score may soon look better . . . .about 12 million people will get a lift in

chandra johnson/dpto.sociales dice que si alguien no puede atender a su hijo, lo ideal es que lo lleve a una estacin de bomberos, a un hospital o una escuela, que no lo abandonen en la calle.. si usted o algn familiar esta en una situacin similar, comuniquese con el servicio social del estado al nmero que ve en pantalla ... las 24 horas del da lorena/ots --un hombre acusado de tener un negocio ilegal de masajes.. se declar hoy no culpable de los cargos.. take vo --''jose plascencia'' de 55 aÑos y residente de east palo alto.. enfrenta multiples cargos por asalto sexual y agresion.. por supuestamente ofrecer servicios como sobador por aÑos en la cochera de su casa en la calle "illinois".. -- ''plascencia'' fue arrestado el pasado mes de abril, luego de que 3 presuntas victimas los reportaran a las autoridades.. take sot : "yo vivia enfrente de la casa del senor y yo me imagino que era nada mas para agarrar a las mujeres" cont vo --al menos 15 mujeres han acusado a ''plascencia'' de abuso sexual.. .. por pre

i am emma chandra. this is bloomberg.ld election in november, the democrats have been hoping to be taking seats back in elections and they had another opportunity last night in georgia. here to report on how things went is bloomberg senior executive enter for -- editor for international government. how did it go? >> well, the republicans came through, not tremendously surprising. there was a big help among democrats that they might be wrest that seat in georgia but they failed to do so. it shows the perils of making the assumption that from some popularity will translate into local races. david: so he either that he had a sense of victory last night, kellyanne conway tweeting about it. there is a third rent of government in the judiciary. what about the fight about the travel ban in the supreme court? >> the political narrative could change dramatically starting tomorrow, we think. the supreme court may issue its rulings on the travel ban. there are two severed rulings, one on reinstating the band and the other on hearing

vonnie: thank you, emma chandra.the follow-up from president donald trump decision to withdraw the u.s. from the landmark paris climate accord, how the decision is isolating the president from global and u.s. business leaders. that is next. this is bloomberg. ♪ mark: live from london and new york, i am mark barton. vonnie: i am vonnie quinn. tosident trump's choice withdraw the u.s. from the paris climate accord has left the president alienated and called into question the state of global leadership on climate change. good to see you. is the president considering this a win? heyes, in the sense that campaigned on this and promise to leave the paris climate accord. there are a few reasons. number one, he does not like or trust international agreements. he has argued it is a bad deal for the united states. notface opposes it and does trust the accords it is based on , so in that sense, he considers it a win. he can say he did something significant. there has been discussion about how this does not jive with ivanka's id

i am emma chandra.his is bloomberg. vonnie: coming up, we are kicking off the central bank parade this week. we will have it all covered along with the developers from washington. this is bloomberg. ♪ ♪ live from london, i am mark barton. vonnie: in new york, i am vonnie quinn. this is "bloomberg market." time now for futures in focus. joining us now from the cme to discuss the fed is oliver sloup. oliver, what is everyone saying about the possibility of a dovish hike or hawkish hike? what does it mean for cme traders? >> yes, there is a lot of attention on what it could mean for tomorrow and going forward. i think the dollar has been the main focus for a lot of these traders. looking at the dollar, we have been in consolidation for the better part of the last couple of weeks after a tremendous downturn over the past couple of months. i think we are seeing a little bit of a bottoming. we have seen a lot of shorts in the market. realistically, we are looking at a short rally in the u.s. dollar over the n

here's emma chandra.heresa may has governing deal with northern ireland's dim i can unionists. support the party's after her conservatives last the majority in parliament. negotiations centered on extra northern ireland and plans. in pakistan, the death toll has risen to 157 in a fuel truck fire. scores of villages have rushed o the scene when the truck crashed. they were collecting the spilled fuel plans. in when the wreck exploded, engulfing people in lames. u.s. secretary of state rex tillerson is criticizing some demands saudi arabia and its allies are making of qatar. tillerson says they would be ry difficult to meet and urged the country to start negotiating. the saudi-led bloc has told to shut down al-jazeera tv network and contact with islamic groups, such appears brotherhood, and remove turkish troops from the country. policymaker ve john williams is making the case to further gradual sydney, ate hikes n. the san francisco fed president said he expects inflation to target next year, and he said t

chandra told us when his job changed last year, their costs almost quad roomed.think the proposed gop helmet plan is any better now, guys. >> u i'm glad you point out the essential health ben fitz. atz you say it would allow the state's to waver. one would beet. the surprising thing a man did >> announcer: this portion of "cbs this morning" sponsored by toyota. let's go places. ♪ uh-uh, you're not going anywhere in those rags. ♪ cindy? ♪ introducing an all-new crossover, toyota c-hr. toyota. let's go places. if you have a garden, you know weeds are low-down little scoundrels. with roundup precision gel®, you can finally banish garden weeds without harming precious plants nearby. so draw the line. just give the stick one click, touch the leaves and the gel stays put killing garden weeds to the root with pinpoint precision. draw the line with roundup precision gel®. and be sure to check out roundup® with sure shot wand. another good-for-the-garden product from roundup. when i was 14 years old. so i really navigate the world by touch. when dove asked me to try out t

here is emma chandra.mma: the supreme court has given trump a partial victory on his controversial travel ban. the high court will allow a limited version of the band to go into effect until it hears arguments on the case in the fall. justices clarence thomas, samuel alito, and neil gorsuch said they would have let the entire ban take effect immediately. prime minister modi it will visit with trump today. a few people expect -- few people expect breakthroughs on issues like immigration. british prime minister theresa may is trying to use anxiety over how e.u. citizens living in the u.k. will be treated after brexit. she spoke earlier to parliament. >> under these plans, no e.u. citizen currently in the u.k. lawfully will be asked to leave at the point the u.k. leaves the e.u. we want you to stay. in the u.k.izen with five years continuous residence will be granted settled stasis -- status. emma: meanwhile, the dup will support may's conservatives in return for action funding and northern ireland. martin sh

axt b,otc -- botc, transatlantic battle of the brits with emma chandra, will oil out stocks?trump has been meeting with state and local energy leaders, comments on health care, he said health care will be so good and less expensive, and says the republican plan is a repeal and replace plan and the trump health care plan will be special, if we can get it done. he said we will at least get very close. charts, battle of the what these mean for investors, access on the bloomberg by running the future on the bottom of your screen. starting off is emma chandra. >> this week in the u.s., the white house energy meeting, the president busy and one of the things he will focus on is u.s. energy dominance. making a big speech tomorrow where he will talk about how the u.s. is becoming on the brink of an exporter in oil and natural gas and talk about american innovation and efficiency. , you see what he is talking about, especially with respect to oil. oil rigs are rising this year but nowhere near the level they were in 2014. when oil was $100 a barrel. output is back to 2014 levels, even

let's check in on the "first word news with emma chandra -- "first word news" with emma chandra. -- has to do is google's soft -- shopping search service. bloomberg spoke with the europe competition commissioner. >> google has taken advantage for its own shopping comparison on the cost of its rivals and being able to do so by misusing the dominant position in general search and that is the key of the case. we have found google to be dominant. emma: the company has been given 90 days to change his behavior. google says it is reviewing the decision and considering whether or not to appeal. the imf has said the them -- said the u.s. will not meet trump's target of 3% growth. the u.s. economy will probably grow 2.1%, down 2/10 of a percent from april's update. the uk's brexit secretary is trying to ease concerns of business leaders over the effect works it will have on the nation's capital me. david davis stressed his government's belief that britain would be better off leaving the european union. he told the group the eu was not able to be flexible. companies and government agencies in rus

. -- chandra. president trump's traveled animal take effect tonight, according to a person familiar with the motto -- matter. that will give companies enough time -- countries of time to figure out how it works. existing visas will be honored but new applicants must prove they have a relationship to the u.s.. chancellorany, angela merkel has given a competent preview of next month g-20 summit and what it may look like in a speech to german lawmakers. she dismissed brexit and said assets like i'm a change our irreversible. she took a swipe at president trump's america's first rhetoric, saying countries are turning to protectionism and making a serious mistake. five men have been found guilty russianurder of the opposition leader who was killed while walking your the kremlin in 2015 -- near the kremlin in 2015. wascurity offer -- officer convicted as being the actual trigger member. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma ch

i'm emma chandra.the ecb manages to convince economists that monetary policy may be boring, 90% of respondents in a bloomberg survey said the ecb will use its meeting on thursday to acknowledge the risk with the euros recovery of balance. here to discuss further is david owens, jeffrey's chief euro economist, and michael mckee in new york. let's begin with david. how important is the language? >> it's pretty important. we know they can cut rates further. we know given the recovery broadening out they will likely take that reference away. the risks of recovery are more balanced. we had a real conversation, most people come into this room and say we don't ever expect them to cut rates anyway. why is removing the language significant? potential direction of travel. they could cut rates further. economic data flow really did disappoint. they felt they had to do something on the back of that. they don't believe at the moment thanks having major problems. it's an important signaling device. market managing m

i am emma chandra. this is bloomberg. john?han: it was the catalyst for a market moving the bond market yesterday. hawkish sentiment out of the annual ecb central bank. mario draghi preparing routes to preparing stimulus. >> as the economy continues to recover, a constant policy stands will become more accommodated. the central bank can accommodate perimeterjusting the to its policy instruments. not to tighten the policy stance but to keep it broadly unchanged. jonathan: joining us from the ecb forum on central bank is bloomberg news paul gordon who covers western european banks in frank for it. great to have you with us. outside of the central bank jargon, in plain english, if the economy approves to keep the accommodation constant you have to move up with the economy. is that as clear as he can get that maybe we are in for a move later this year? paul: there are clearer ways of putting it, yes. the basic message here from that section of the speech -- that is important which i will come to in a moment -- is that if inflation

you are watching bloomberg tv. ♪ >> i'm emma chandra. july 4 at 8:00 p.m. ♪ competition heating up with blue apron set to go public today. we saw them bringing the bell. hed its ipo.has slas , here is bloomberg reporter. they ran the bow, but they are not trading just yet. this is not going to be as big a alex:s people expected $3 initial evaluation was a billion market value. with this $10 a share, the low end of a change range lower is $1.9 billion. this is a small cap company for blue apron as they are starting to trade once they get though shares of the ground. >> what is the ball case? it is easy to see the negatives in the amazon deal. company saying to get excited about? alex: that they are different. a prepackaged ingredients for different recipes, saying it is a different lifestyle experiencing going to the grocery store and buying. whether or not investors are buying into that idea, right now, i am leaning no given how the stock price was last night. but that is their pitch right now, and they say they have a lot of growth. jon

i'm emma chandra.going to have a return of the reports out of washington that robert mueller may be looking into whether president trump sought to intervene in the investigation director.mer fbi what do we know about this and also the white house reaction to it? kevin: last night the white house pushing back after the " washington post" report that the investigation will now include looking into the president's .bstruction the president denied he said that, but this is the report that will only fuel the fire to democrats and those looking to continue looking into the questions surrounding the russia probe. it is worth noting that republicans do not feel that there is enough evidence to bring charges now against the president for obstruction of justice, but this type of report suggests that mr. mueller's investigation is continuing and expanding. david: you are right to remind us, it is early going. thank you so much to kevin cirilli. whenever we hear the words residence and of section of justice, it is

chandra johnson/dpto.ios sociales dice que si alguien no puede atender a su hijo, lo ideal es que lo lleve a una estacin de bomberos, a un hospital o una escuela, que no lo abandonen en la calle.. si usted o algn familiar esta en una situacin similar, comuniquese con el servicio social del estado al nmero que ve en pantalla ... las 24 horas del da la polica no inform si los padres del menor enfrentarn cargos criminales, ni qu auto manejan. tambin recomiendan que si usted ve a un niÑo abandonado, se comunique recomiendan que si usted ve a un niÑo abandonado, se comunique inmediatamente con las autoridades. topvo cesar ---queremos que usted nos de su punto de vista sobre esta tema a traves de nuestra pregunta del dia.. --- sabe qu hacer si encuentra a un menor extraviado en la calle? cont. lorena ---para participar vaya a nuestra pagina de facebook/telemun do 48 y su respuesta podria ser compartida al final del noticiero... ---y no olvide de ir a telemundo48.com donde podr conocer ms sobre el tema de nuestra

even though she is under an employer plan, chandra says when her husband changed jobs last year theirremiums quadrupled. critics cite high premiums as a problem with obamacare. >>> big board on wall street the market is bouncing back from yesterday's losses. it's up about 148 points! thanks to gains in technology stocks, as well as gains for banks and other financial companies. >>> uber is making it easier to users to set a price for other people like parents, grandparents and others who are unable to drive themselves. the passenger won't need an uber app they will get a text message identifying the driver, car and pickup location. >>> a long-standing dublin tradition is under way today getting everyone ready for the 4th of july holiday. "safe and sane" fireworks are being sold right now by local nonprofit organizations throughout the city. they are different than other fireworks since they don't explode or leave the ground. they can only be used on july 4 between 10 a.m. and 10 am. >>> roberta, that is a very important forecast. the 4th of july. >> oh, yeah. right now, it looks like

emma chandra is here.mp has picked someone to replace james comey as fbi director. the president said he will nominate christopher wray. president trump calls him a man of impeccable credentials. , an attack on the parliament has ended. security forces killed all four attackers. there were does attacks in iran today. one of the attackers blew them thet -- blew himself up at iranian parliament. a suicide bomber set off an explosion at the shrine of ayatollah khomeini. according to people familiar with the matter, there is concern the blockade on qatar could continue. saudi arabia has closed the one ground crossing into the country. they accused qatar of backing extremists. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra, this is bloomberg. up having equity futures relatively flat. we wind up having a move in the markets when it comes to banks. take a look at ing group. all of these moving higher. popular being purchased by santander.

i am emma chandra, this is bloomberg. president bill dudley spoke monday and said he was confident that inflation is coming. whatever softness we have -- we may have seen in the numbers. inflation is a little bit lower than what we would like, but we think if the labor market continues to tighten, wages will gradually pick up and with that, we will see inflation get back to 2%. following that statement by dudley, the dollar hit session highs, spiking to its highest level in three weeks, but the rally was short-lived and now the boston that president spoke and said low rates will be less capable of writing future shocks and recessions and the dollar still moved lower. with us now is megan greene, manulife asset management chief economist and chris watling, longview economics' ceo. is this all about wage inflation? given what you just saw bill dudley said, this was pretty close to all employment. shouldn't we be seeing more of a spike in wages? megan: i wondered what year we were in because i have been hearing that market -

. ♪ emma: i'm emma chandra with the bloomberg business flash. chording president trump showing its rebound made in america suv. bmw also said it will increase spending their and hire another thousand workers. jpmorgan ceo jamie dimon protects that the bank's headcount will keep rising despite automation. jamie dimon says that jpmorgan is using bots, but that will not stop the banks from opening retail branches or hiring private bankers or expanding in africa. the european union has slaps google with a record fine. they said it abused its market dominance in the shopping search service. the company has been given 90 days to change its behavior. google is reviewing the eu decision in considering whether to appeal. coming up at 9:00 a.m. eastern time, the interview with the european union, edition commissioner. alix: let's take a look at what google stock is doing. the number looks big. 2.4 billion euros, the biggest fun yet. for google, it is just eight days of revenue. if it does not comply with the rules and come up with a plan that they will te

people with emotional stories, like allison chandra who posted her son's medical bills online. >> he loves animals. he loves his sister and he was born with heterotaxy syndrome. >> reporter: just one of his many surgeries cost $231,000. without obamacare's ban on lifetime limits for insurance, her family could be devastated. >> if you want to send me the letter that our cap has been reinstated and her kid has hit it, please come to my house and hand it to my child yourself. >> reporter: the debate is still raging tonight. you can hear protesters outside the capitol. inside senators are huddling in mitch mcconnell's office trying to figure out this deal. some senators privately saying they hope the president will stay out of it and let them figure it out. lester? >> kasie hunt at the capitol, thank you. >>> now to a developing story from southern california. mandatory evacuations have been ordered as a wildfire spreads out of control, getting dangerously close to neighborhoods. nbc news correspondent miguel almaguer is standing by with details. >> reporter: exploding through dry terra

emma chandra reporting live there from fayetteville arkansas. this man was rest -- asked about president trump's decision to exit paris accord. >> my reaction is that global warming is a fact. and by the way, as i said yesterday, i do not know if you saw my tweet. i'm committed to the strategy, and the strategy was to integrate the warming. why? influencingng is the industry. it is all markets. -- youever will happen know, the global warming issue you have the state, and you have the company. we invest. when i invest in energy, i invest for 20 years. make decisions not because of regulations on it, but because i anticipate this market. in the mental will remain. -- and this will remain. but again, global warming is there, and for me, our strategy will remain permitted to integrate these global warming ideas in our strategy. >> if you are committed, if bp is committed, if exxon mobil is committed, and so many other companies and other industries are committed, doesn't matter if the u.s. is in or out? >> exactly. would put into the real world and

i also hope that there's so or that chandra does sharon will and as a reach cell of the ruling it will be difficult for a large hole or any out there a line to resolve this cause it could mean delay the use in flight and that's a problem they're going to have just solve. saudi arabia and other gulf states are presented at all with a list of demands that must be met if it wants a diplomatic and trade agreement restored these were surveyed over there has alleged support of terrorism middle east correspondent paula as more details todd has been presented with a list of demands from saudi arabia the united arab emirates parade and egypt four nations that qatar or trade and diplomatic ties with the country now this came after the u.s. state department questioned the motives of the gulf states move now that it's been more than two weeks since the embargo started we are mystified that the gulf states have not released to the public nor to the qataris the details about the claims that they are making toward. the more the time goes by the more doubt is raised about the actions taken by saudi ar

i'm emma chandra. this is bloomberg. vonnie: president donald trump's decision to pull the u.s.f the landmark paris climate accord received backlash from business leaders come including elon musk and bob iger. cook in an asked tim exclusive interview about his relationship with the president. this come after cooker urged trump not to pull out of the agreement. tim cook: i think he did listen to me. he didn't decide what i wanted him to decide. i think he decided wrong. it's not in the best interests of the united states, what he decided. thing, dolook at this you interact with politicians or is that first and foremost, things are about can you help your country. if you can help your country and you do that by interacting, you do it. country eclipses politics. emily: you have other people leaving the table, like bob iger and elon musk. is the president jeopardizing his relationship with the business community? tim cook: i would differentiate -- i would differentiate leaving and advising in a way that you think can help our country. the first one is a judgment call that people mak

this is bloomberg. ♪ emma: this is bloomberg daybreak, i am emma chandra.up in the next hour, troy gayeski at 8:00 a.m. eastern. jonathan: a big question for the why is itserve, hiding whilst inflation is weakening? something the central bank is running a major risk and other saying we are one major shock aainst a major distillation desk deflationary -- deflationary share -- scare. the strongest argument in favor eating a concern about asset bubbles, do you share that? bob: absolutely, and i think absolutely -- i think, i know him, he is a friend and a smart guy, but i think the fed is focused early on asset bubbles and that is what you are hearing. they are talking about commercial real estate lending, auto lending, highlighting the tech industry. i think they are miles away from normal. i think they start that journey now not only with rates but with the balance sheet well they have the bank of japan, ecb, and bank of england to help cushion some of that normalization. jonathan: the horse has bolted, hasn't it, if you worry about asset bubbles and risky l

i am emma chandra. this is bloomberg. vonnie: thanks. coming up, under pressure. oil is bouncing around the head of key inventory data to later this hour. this hour -- due later this hour. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: i am vonnie quinn. this is bloomberg markets. time for futures in focus. droprasing its earlier kind of inventory data. it is getting higher. joining us from the cme is a senior analyst at lynn and associates. can we anticipate this bounce should hold? we do get inventories in a few minutes. >> we are looking for where does the market get traction? the market has been falling as the figure of opec has taken the market by surprise. gasoline prices are lower than at the beginning of the year. i do not recall that the current, so supplies are large but we are in a demand period and outlook for the market to gain traction in the $42 to $45 range, maybe back into the high 40's. not bullish. vonnie: but would drive it if we have not seen post memorial day bounces in prices and why should 4?happen post-july ira: i

here is emma chandra.tapes with james comey may have had an impact -- trump reiterated that he did not tape the meetings but raised the possibility there was government surveillance. in london, police say manslaughter is among the charges being considered in the high-rise apartment higher. authorities said the fire started in a hotpoint refrigerator. meanwhile, the building's failedg and installation safety tests. at least 79 people died. north korea is speaking out since the death of an american college student a jail for more than a year. deniedg-un's regime cruel treatment of otto warmbie r. north korea said it treated him according to international standards. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. jonathan: thank you. a year after britain voted to leave the european union, officials gathered to discuss negotiations this week. we heard from donald talk -- task -- >> some of my friends asked me wheth

aspects of battlefield conflict, orther it is the open seas the hell you're want to climb, they are in chandraow. -- change right now in the and the military is concerned about that. the military is concerned about forecasting what might happen. whyi want to know [indiscernible] [applause] >> remember when i said at the beginning of the meeting and that is that in our options going to be tolerated. -- interruptions are not going to be tolerated. would you please sit down, sir? she has the floor. you do not. would you please sit down? would you please sit down or go out and the hallway? thank you for leaving. king at aenator angus hearing on the foreign intelligence surveillance act. >> why are you not answering these questions? is an evocation by the president of the united states of executive privilege? >> not that i'm aware of. >> why are you not answering her questions? what you feel isn't relevant, admiral. >> and wagner on changes to the dodd frank act. >> today we released a report titled, was the cup on the beat? this is regarding the cfp bees in theinadequate role best wells fargo frau

. -- emma chandra has more.r says that the man who ran his car into a police convoy had a huge supply of weapons and have pledged allegiance to the leader of the islamic state. the attacker was killed when his car caught on fire. on capitol hill senate republican leaders release the dan for obamacare, including longer transitions than the bill passed by the house, cutting hundreds of billions of dollars from medicaid over the next decade. the congressional budget office has yet to review the senate bills. the cbs is the house budget would leave 26 million americans without health care by 2026. rules being rollback since the financial crisis, the fed in acting controls over currency today are willing to rethink the volcker rule. test test the ability of banks to survive turn -- shocked. theresa may and brexit, theresa , discussingussels how the u.k. will handle one of the most contentious issues. >> how do we propose to protect the rights of eu citizens as we leave the european union? emma: there are 4.5 million

i'm emma chandra. this is bloomberg. vonnie: thank you.london is the powerhouse behind european clearing firms, but the european central bank is making a new push to change that. we will get details from frankford, straight ahead. this is bloomberg. ♪ "bloomberg businessweek debrief "bloomberg markets" "bloomberg markets: the trump eco ♪ vonnie: live from new york, i'm vonnie quinn. it >> and in london, i am nejra cehic. it is time for the bloomberg business flash, look at some of the biggest news stories right now. toshiba.lems for shares have been demoted for the second section of the tokyo stock exchange. toshiba asked for an extension to submit its earnings report. slippede, shareholders into negative territory. toshiba has been rocked by multibillion-dollar lawsuits. they are selling off its memory chip business to make cash. tesla ones music to go along with its collector cars. they are in talks with record labels about starting its own music streaming service. the carmaker also -- the carmaker already offers spotify. the biggest pon

sat down with emma chandra with the possibility of manufacturing products here. >> right now there arey production to the u.s., but what i would say is that our commitment here in the united states is that we do continue to grow our network so we continue to bring new exciting shops to different cities and different parts of the country. with that, we are creating our own job. emma: have you had any pressure from the political establishment or customers to see something made in the u.s. or do they like the fact it's the european brand? seen or heard not any pressure at all and i think the majority of our clients do have a greater appreciation for products that are made in france. emma: we know there have been problems for some of your peers. tiffany suffered from a strong dollar because they rely on strong tourists buying products in u.s.. tell us about the u.s. hermes customer. robert: i would say about 80% of our client base our local to a locallocal community or local within the united states from city to city. the other 20% are really tourists or visitors. that is a number that we

i'm emma chandra. this is bloomberg.x: president trump tweeting, saying -- of course, he is talking about the health care bill. kevin cirilli is with us now. what is the rhetoric in washington about the health care bill? i cannot imagine the feel and nothing will sit well with his there is so much frustration right now amongst the republican party. republican senators in particular about the latest distraction coming from 1600 pennsylvania avenue. of course i'm talking about president trump's tweet about aping the reporter's face. we talk about the rhetoric and how it influences policy, but i want to pull up a tweet from lisa murkowski, republican from alaska, the key person that the president needs in order to get on board with health care. she tweeted -- collins, aan republican as well, another moderate centrist voice saying to reporters yesterday that the president's rhetoric was beneath the dignity of the office. all of this comes as the president is trying to whip votes and unify republicans to get policy. from the

i am emma chandra. this is bloomberg.owth is a function of jobs and productivity and both depend on whether ceos want to hire or invest. there is a ceo survey giving us a sense of what 400 ceos think about the future. whether they will be hiring or investing and whether what is happening in washington effects their business at all -- affects their business at all. is the -- joining us executive editor for bloomberg view and gadfly, tim o'brien at keith parker, barclays head of u.s. a location. i want to start with the survey. it is booking out three years, 400 ceos. what are the top lines you think we should take away from it? >> 400 ceos in the u.s. and 1400 globally as part of this ceo survey. i think some of the big takeaways -- one is the confidence that ceos in the u.s. have about their growth prospects over the next three years. i think some of the other headlines are that the global counterparts are less confident than they were a year ago. u.s. ceos are more confident than they were one year ago and i think that h

i am and that chandra. chandra.- i am emma this is bloomberg. jonathan: the wage on u.k.lds intensifies. we are seeing further pressure on theresa may after an election cost the conservative party its parliamentary majority. we are joined now by dan hansen. dan, let's run through the data and you tell me what the story is currently. >> i think you summed it up rather well, john. yesterday, you saw a very strong inflation trend going up at about 2.9%. payaw nominal regular growth come in at 1.7%, so you have a real squeeze coming through. at the same time, the interesting thing happening here is that unemployment continues to heat record lows -- hit record lows. growthowth, nominal wage is just not responding. do you have to add in the big dose of political uncertainty to explain what is happening in the labor market? it certainly on the wages side. -- i think argument so, certainly on the wages side. there is an argument to be made that which is are being held back because of the uncertainty. i think it is seen across the economy. even before the election, we were calling

i am emma chandra. there will be a -- david: this is bloomberg. i am david westin.is leaving the gains today -- general electric. it is having is vested day of gains since 2015 but that comes after the news that the ceo will be replaced by john flannery as ceo and chair. reports are out today that travis kalanick is in trouble with his investors in the board after a series of misdeeds by employees. in an ugly video of travis kalanick himself having a heated argument with an uber driver. with the potential market cap of $70 billion, the stakes could not be much higher for bloomberg to get its leadership right. joining us, a specialist in leadership issues who studies technology companies and he is author of the book "strategy professor,nk you, for being with us. let's talk about travis kalanick. talk about the challenge in front of travis kalanick and the uber board today. >> they are trying very hard to enact a wide range of actions to correct what is perceived to be a deep cultural problem inside the company and those problems stem from a culture that is extraordin

in fayetteville arkansas, emma chandra is looking at a rigged ricks and mortar retailer, walmart.dark and rainy in they at bill this morning. about 14,000 shareholders and employees will be arriving here later this morning and the big focus for walmart is e-commerce. it's different than last year. when you look at the operation, they had a big shakeup as they try to go after amazon, their biggest competitor. makinge focusing on delivery cheap and orders convenient. they are going to start using store employees to help deliver that extra mile. that's the latest news out of walmart. tom: they've got 2.3 million employees. the point of tension for management at this annual meeting? one of the things i've been hearing from investors as they are happy with management. this is the most customer focused they've then in a long time. it's not about amazon and keeping online. one of the investors i spoke to said amazon doesn't need to fail for walmart to succeed during -- succeed. macy's and sears are struggling. as the european discount retailers are coming to america, the big price cutter

emma chandra can get you up to speed on what's making headlines outside the business world.a: and the u.k., voting boating is underway in the country's second general election in just over two years. prime minister theresa may and the labor party leader are among those vying for members -- stay with bloomberg television for a one-hour special starting at 5:00 p.m. eastern time. we will have instant analysis when the polls are published. it is the blockbuster congressional hearing washington has been waiting for. former fbi director james comey will hold testimony that president trump pressured him to lift what he called a cloud of the russian investigation. you can watch comey's testimony on bloomberg tv at 9:40 a.m. eastern time. the u.s. senate is considering whether to add strengthen sanctions against russia to a measure that would impose economic penalties against iran. the new penalties would punish russia for meddling in the u.s. election and its activities in the ukraine. global news, 20 four hours a day, powered by more than 2700 journalists and analysts in more than

emma chandra is there live.mart made that announcement about combining e-commerce and brick-and-mortar. big: e-commerce has been a push for walmart this year, especially since they acquired jet.com. founder heads up e-commerce for walnut. -- walmart. they have changed delivery options. as you were mentioning, they are trying to leverage their physical assets. they are using that to push click and collect and this new thing they announced, having employees deliver that final mile. alix: everyone has been trying to take on amazon for a while. what's going to be the new new going on. what do shareholders want to hear about? ; amazon is a big focus, trying to dislodge the prime customer is something investors are going to want to hear about, how that sticky -- have sticky that prime customers. it's not all about amazon. amazon does it need to fail for walmart to succeed. retailers like macy's and sears are struggling and that means room for walmart to take market sale -- share. they are really focusing on improving