courtney. >> i'm craig.meet you. >> she should just stop and celebrate. >> i guess i'm dating myself. i'm 45. >> that's great. you should embrace it. >> i do. >> i'm the same age. i'm 44. >> not 45? >> god no. >> craig is quick as a whip. he is going back and forth with me as if we had spent four hours together prior to meeting. >> what do you do on the side? >> sleep. >> you sleep on the side? >> which side do you sleep on? >> my right. >> your right side. i'm a right side sleeper. [ laughter ] >> this is decision day. this could be a life-changing decision that she's making right now and the people that she is selecting to continue to see, one of those could end up in her life forever. courtney when we met, you told me since the passing of your husband that you were not spending a lot of time on yourself. >> that's true. >> and because of not spending time on yourself, your romantic life suffered an since then i've put you on 20 first dates in 20 days and you have done phenomenally well with this and hopef

courtney, congratulations on your nomination. and i'd like to recognize your husband john -- john, waive your hand there. thank you -- who's in attendance today, and i thank you for the support you give to courtney. courtney, you've served the country with distinction in your previous post at the white house and the department of justice and we appreciate your continued willingness to serve. our goal in conducting this hearing is to enable the committee to consider ms. elwood's qualification and allow for thoughtful deliberation by our members. she's provided substantive written questions -- answers to more than 90 questions presented by the committee and its members. today, of course, members will be able to ask additional questions and to hear from ms. elwood in this open session. courtney comes in front of the committee with a distinguished legal career. after graduating yale law school in 1994, courtney clerked for the u.s. district court of appeals for the fourth circuit after which she went to clerk for chief justice willia

i am courtney donohoe. this is bloomberg. vonnie: all right, courtney, thank you for that. a lot more ahead from the milken institute global conference, including an interview with u.s. treasury secretary steven mnuchin. that interviews coming up at 11:40 a.m. new york time, 4:40 p.m. in london. later this afternoon, an exclusive interview with the citadel ceo, ken griffin. his interview at 2:30 new york time, 7:30 p.m. london time. this is bloomberg. ♪ vonnie: lightbank from bloomberg world headquarters in new york, i am vonnie quinn. oliver: i'm oliver renick. this is "bloomberg markets." vonnie: time for the biggest business stories in the news right now. money managers that oversee almost half $1 trillion -- ceo has been fired, and 94 members were ousted. residentr world bank robert zoellick will be chairman. it was time to put new leadership in place. manufacturing in the united states expended less than forecast in april. the issa manufacturing index showed that orders and employment pulled back. that it indicates that manufacturing is settling into a more sustained p

courtney reagan to take us more inside the numbers. courtney? >>> department stores are struggling. this quarter just accelerated that trend. we knew that much already. jcpenney rounds out the doll dro doldrums, they did post an earnings gain when a loss was expected due to a real estate sale and lower expenses. jcpenney has lost more than $5 billion and is just now closing 138 underperforming stores. they still think it can hit its full-year plans but investors are skeptical sending shares to record lows below $5 per share. four or five department stores this week did beat estimates and three reiterated full-year fx. none of the five turning in better than expected comps. dillard's was in line. the department stores have each shed 10% or more this week with dillard's and macy's losing more than 18% this week. but it's important to point out that department store sales in this case are not representative of the health of the consumer. consumers are spending. they're just spending less in department stores. melissa? >> courtney, thank you. we'll see you next hour of "power lunch." ne

i am courtney donohoe, this is bloomberg. vonnie: i will take it from here, courtney.rd branson's next act? could another airline he in the works. we will find out from the british billionaire next. this is bloomberg. ♪ vonnie: breaking news, the justice department has released the rosenstein opening statement to congress. he has been meeting with the senate and house. he said he was not aware of requests for more resources from james comey. he says he stands by his memo on tony's performance. -- comey's performance. he said donald trump's decision to oust comey was appropriate. richard branson is known for urgent america's sale to alaska air. he signaled something bigger on the horizon. richard: i expect they will continue to use virgin america for another 18 months, and then they're going to merge all the planes into one brand, alaska airlines. >> don't they have a responsibility to continue to pay urgent for that contract? richard: until 2030, they continue paying royalties unless we decide to start another airline, and then we will see what happens. >> is that some

courtney's mother has suffered double heartbreak because her partner was killed too.rom leeds, a mum and a school helper, said to have touched the lives of so many. wendy and herfriend touched the lives of so many. wendy and her friend had touched the lives of so many. wendy and herfriend had been together collecting their children from the concert. injured herself, caroline remembers being frantic with worry. ican remembers being frantic with worry. i can see anyone anywhere, i heard a policeman get me to stand up, he asked me if i could walk. my phone rang and rang and rang. 17-year-old chloe rutherford from south shields was studying music. she was at the show with her boyfriend, liam curry. 19—year—old liam lost his father to cancer earlier this year. he and chloe were young sweethearts, described as inseparable. their families say the teenagers' wings we re families say the teenagers' wings were ready but their hearts are not. and elaine mciver, a police officer who loved music and had gone to the concert on her night of duty. flowers have been laid at cheshire p

courtney donohoe has more.ollows: the election months of political turmoil caused by the ousted president's scandal. a decade of -- moody's election and's nearly a decade of conservative rule in south korea. the trump a administration is calling for a major military shift in a can a stand. pentagon --and the nevada pedagogue would set troop numbers in afghanistan and they would be more freedom to use airstrikes to hit taliban targets. president trump and the palestinian leader just met last week at the white house. the disco will meet again in bethlehem. the president has excepted the invitation to the west bank city during his visit to israel. in the u.k., aber party leader jeremy corbyn refuses to leave out the possibility that the country would stay in the eu if he is elected prime minister, next month. the bbc asked him seven times to confirm that the u.k. would leave the eu and he declined to answer directly. he made brexit sound like a done deal. >> this election is not about brexit itself. that issue has

let's go back to nbc's courtney cubii, and courtney, you are experienced in covering all of this, anddo these assessme assessments take? >> it depends. a launch two weeks ago friday and two weeks ago yesterday, and it is a surprisingly long time before we got any real i.d. of what was launched, and in that case, the test failed soon after it went, the missile failed soon after it was fired, but oftentimes we will know within the first hour, the u.s. military's early assessment, and they should know by now whether it is anything that flew in a long range. and just a very early read that i am getting from the military intelligence officials that i have spoken to in the first few moments, they don't seem, and nobody is seeming particularly concerned, and it does not seem as if they believe it is an icbm, a sort of intercontinental ballistic missile. this is seeming like a scud mis misle is that we have seen launched over the last few years, but over the last few month, we have seen dozens la launched off by the north korean leader. >> courtney, stay with us. we want to go to colonel jack

>> hey, courtney. are trying to rebound after suffering the worst day in nearly eight months yesterday. so financials are in the green. that's a reversal from yesterday's steep drop. zions, black rock are leading the charge there. the sector is still negative for the year. tech stocks the standout today as well the nasdaq 100 outperforming the s&p and the dow thanks to 1% jumps in facebook, apple and amazon. different story for cisco, however, despite an earnings beat disappointing current quarter guidance and announced 1,100 new job cuts. that stock is down nearly 8% right now. it is the biggest loser in the s&p 500 today. guys? >> thank you very much. >>> coming up, we'll get the latest from the times square incident. a car plowing into pedestrians, killing one. >>> plus, is the russian investigation a distraction for the white house? what can we expect from the first overseas trip from trump? bill richardson is on deck. and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just

i'm courtney donohoe. this is bloomberg.rto rico's federal board files a bankruptcy case in u.s. court, making it the largest government to seek help from its creditors in united states history. we have more next. this is bloomberg. ♪ vonnie: back to the breaking news on puerto rico, declaring bankruptcy. this is a major deal. julie hyman has been taking into market reaction. julie: it's difficult to track this. it's mostly in the municipal bond market. i want to start by looking at the bloomberg at a chart. this is just one of the general obligation bonds for puerto rico. in 2035.he 8% bond due this tracks the price of the bond over time going back to mid-2015 when the governor first declared the deaths of an payable. the moratorium was announced and the fiscal plan came out. today we are seeing an increase in price as investors are trying to position ahead of this form of bankruptcy and trying to figure out how much of their money they might recover. the other way to measure market reaction is to look at the bond insurance

courtney: thank you, mr. speaker. i rise in strong support of h.r. 1808, to amend and improve the missing children assistance act. i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. courtney: thank you, mr. speaker. mr. speaker, again, it's an honor to stand with my friend, mr. guthrie, in bipartisan support for this legislation which, again, makes some important changes to the existing law for the certainty for missing and exploited children -- center for missing and exploited children, a program created in 1984. sadly, has not finished its mission. again the f.b.i. reports every year that there are roughly about 460,000 reports of missing children. despite the best efforts of ograms which nicmic have operated over the years, again, this is still a scourge which afflicts many families across the country. republican, democrat, rural, suburban, and urban areas. again this bill will basically update and modernize the language of the act to recognize there are new forms o

. >> i'm courtney reagan. here is what else is happening. the second reading of first quarter gdp at 1.2% despite beating estimates it's the weakest reading since the first quarter of 2016. on the economic front durable goods falling for the first time in five months dragged down by orders for transportation equipment. a new forecast from t11 to 17 named storms during this hurricane season that would be above normal. >>> courtney, welcome. let's hope they are wrong. it is championship time. the pittsburgh penguins are heading to the stanley cup finals after an unbelievably dramatic game seven, double overtime win over the ottawa senators. also the cleveland cavaliers will take on the golden state warriors for the third straight year. hey, we didn't want to get left out of the championship hoopla so we set up our very own face-off friday. here is how it works. two stocks in in various categories going head-to-head working to find the best p picks. the matchups are set. a.mazon versus google's alphabe. nike takes on adidas. apple takes on face

let's check in on the first word news with courtney donohoe. courtney: in the u.k., another sign brexit is hitting the economy. gdp was revised downward .1%. household spending added the least to the economy's is 2014. that's blamed on more inflation and slow wage growth. rish exports fell 1.6%. a sign the u.s. labor market is solid. -- british exports fell 1.6%. at its lowest level since 1973. in montana, the republican candidate for congress in this week's special election has been charged with assaulting a reporter. witnesses told police that he grabbed a reporter by the neck and slammed into the ground. polls close today in the election which is partly seen as a referendum on the trump presidency. global news 24 hours a day powered by our 2600 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. we have breaking news on gm. let's get straight back to julie hyman for more on that. crossingese headlines that there has been a lawsuit filed against general motors regarding using what is alleged test defe

here is courtney donohoe.ourtney: the senate rejecting an attempt to break from obama era rules targeting admissions favor republicans joined democrats in opposing the measure. energy firms made that legislation a top priority. turkey has objected strongly to armeds decision to kurdish forces in syria. the pentagon says that force can -- is the only one that can seize the rebel held capital. secretary-general antonio perez is in london, where he is stressing the needs to the united nations. he says the changes are necessary to overcome the lack of confidence expressed by the general public. it was his first major public speech in the u.k. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. mark: a quick check of oil. it moved following that data. wti having its biggest one-year gain. inventories fell the fifth straight week. .50.re on $47 this is bloomberg. ♪ ♪ live from bloomberg world headquarters in new york, i a

we just heard courtney correctly say not a target. first of all, what does under scrutiny mean to you. second part of the question, where does this mean mueller might be as he looks that the kind of overarching topic of russia? >> it's pa jortive to say under scrutiny, if you look at ken and peter's reporting. there is nothing particularly pejorative that he may have information that bears on this broader investigation. he is it appear merely a witness. he's not a subject, he's not a target, and so he's not in any way in a cross hairs for doing anything wrong. he just knows things that the federal investigators to want know. and i think that's the extent of the report tonight. but the larger question that you asked of what is bob mueller interested in. where does he go from here? it's really a tough call for him about wlo weather to have comey go to the hill and testify. because a new pillar in this investigation, beyond the trump/russia collusion issue is the of course the obstruction of justice issue which does involve white house i

vonnie: let's get to courtney donohoe pao courtney: the ceo of united repeating apologies over the passengerogged off of a book lane. oscar munoz is testifying in front of a personal committee. >> we had a serious breach of public trust. i would like to again apologize family, everyone on that flight, and to our customers and employees worldwide. aurtney: united has reached settlement with that passenger. the airline also issued new policies to keep it from happening again. trop says the nation needs "a good shot down" in september to fix the mess in the senate. the president said on twitter that the country needs to either elect more republican senators or change the rules to 51%. his,'s, head of an expected vote on a bipartisan budget deal to avoid a government shutdown. in europe, german chancellor angela merkel has told vladimir economict e.u. sanctions against russian will remain because of lack of progress in settling the conflict in the ukraine. socleaders met in so she -- hi today. and theresa may acknowledged after --ll not be easy brexit deal requires a strong and stable understand

courtney has more.ney: in seattle, the trump administration attorneys will salvage the president's ban on travel from six mostly muslim nations. a three-judge appeals court panel will consider the case. the lower court judge said the travel ban appear be zrimtory. -- discriminatory. saudi arabia and russia say they want to extend oil extension cuts through the first quarter of next year. saying it is necessary to reduce inventory to five-year average and shore up prices. to the saudi arabia prime minister spoke earlier today in beijing. >> most of us expressed our satisfaction where that has been largely achieved. it has been a marked of reduction in inventories but we are not where we want to be in terms of reaching the five year average. courtney: opec and the united nations agree to meet next week in vienna. oil prices are higher. in china, the president has pledged $78 billion in financing for what he calls the project of the century. the money would be used to connect china through infrastructure a

think actor first and foremost when you think of courtney love, right, but she's bringing it to this> "how to get away with murder" star benito martinez plays their hollywood executive father. >> these two kids who had everything, blew their parents away with shotguns and didn't just shoot them once, they shot them several times. >> after the murders the brothers went on a spending spree with their inheritance. later they confessed, claiming their father sexually abused them and that their mother enabled him. >> dad said that he would kill me if i told anyone. >> this film takes the point of view that what they said was true. does it excuse murder? i don't think so. i think there are other options but it's not like it should be ignored. >> the jury never bought the abuse defense and they were both found guilty. back in 2009, we spoke to younger brother erik on the phone from prison and he expressed his regret for what happened that fateful night. >> i miss my mom terribly. i would give virtually anything to be able to hug them. i just wish i could go back in time and change it. >> bo

courtney, congratulations on your nomination.ou for the support you give to courtney. courtney, you've served the country with distinction in your

courtney reagan with more. once again, courtney, retail in a reluctant spotlight today. >> i know, isn't that the truth. there's no signs of a turn-around for department stores today. almost across the board, macy's shares down 115%. the disappointing results were in line with the expectations. on the call, the cfo said she only expected the first quarter to be the weakest. despite its ninth straight quarter of misses, she is reiterating the full year forecast. she acknowledges the challenges, but financials will improve the rest of the year because the benefits of store closures. the full roll yacht of new shoe and fine jewelry category, and new marketing coming targeting their most loyal customers, and also some further digital improvements, like buy online, pick up in store. the profit beat the street handedly, but revenue short, and same-store sales slid more than expected, down for the fifth straight quarter. kohl's marketedly improved, athy are going after sales and markets where competitors are closing s

carl, over to you. >> courtney, busy day for you. thank you so much, courtney reagan.ost 9, joining us, rbc capital markets. wish it were under slightly different circumstances. given everything jcp has been through to say it's the worst price since the ipo in '78 says a lot, brian. >> it does. what the market is saying, these business models are broken. the question is, what will be the order of chapter 11 and chapter 7 filings for a lot of these department stores and so i think looking at enterprise values right now, trading at three, four times and free cash flow yields at 15 to 20% tells you the market don't believe a lot of these companies will be around five to ten years from now. >> and guys like lambert will speak out, rightfully so, saying talk like that isn't helpful. >> i actually agree with brian. i do think when looking at our store models, jcp and sears are the two most likely to have a high default -- high probability of defaulting. and what's interesting is that macy's, believe it or not, their score is becoming significantly down from last year, increa

courtney reagan has more on this story tonight. >> reporter: jcpenney rounds out the week's department store d l doldru doldrums. it did post a gain but that's due to a real estate sale and lower expenses. comparable sales and revenues were disappointing and sent shares to record lows. march and april saw sales improvement after restrained spending and delayed tax refunds. jcpenney has come a long way since its failed transformation several years ago but still lost more than $5 billion in sales in five years, and is just now closing underperforming stores. >> they're closing 130 to 140 stores. they have the categories like appliances that is a driver. and they're going to keep looking at their store base. they're still in some very good malls and they're profitable in even some of the lower tier malls. >> reporter: while there are some categories that are performing decently for the department store, women's apparel isn't selling as well as it needs to to help lift jcpenney's sales. the retailer still thinks it can hit full year goals. but experts are skeptical. >> i hate to say it, bu

for "nightly business report," i'm courtney reagan. >>> construction for new homes fell for a second straight month in april. the commerce department reports a decline of more than 2.5%. that was weaker than expected, and it is the lowest point in five months. and it comes as homebuilders try and court millenials with lower priced homes. it hasn't been easy, though. diana olick has our report. >> reporter: the nation's homebuilders are still not putting up enough homes to meet demand, especially demand from younger first time buyers with lower budgets. the cost of construction is just too high. >> land is incredibly expensive, especially where consumers, millenials, are demanding it the most. that's really put the brakes on what should be a win/win for the housing market with more construction and higher demand. >> reporter: housing starts for april fell more than expected and single family permits, which are an indicator of future construction, were down even more sharply for the month. this as demand is starting to surge from millenials. builders claim they are now turning to lower

as courtney reagan reports, he has an even tougher job ahead of him than many thought. >> reporter: there are no signs of a turnaround in macy's quarter. sales have fallen for a ninth straight quarter. executives said there were no surprises in the quarter, although that's not the case for investors. even low expectations weren't low enough. still, the department store is reiterating its full year forecast, leaving ground to make up for the rest of the year. most analysts say macy's woes are not a read-through on the consumer. u.s. consumers are quite healthy. department stores just aren't giving them what they want. >> we think the consumers are strengthening. this isn't a consumer issue. it's legacy versus forward retail. it's legacy versus value. department stores right now are not checking either of those boxes. >> reporter: jeff gannett took over the top job seven weeks ago. in his first tv interview, he said he was working on ideas to reexcite consumers. right now the top 10% of shoppers make up half of macy's sales. >> the notion of the store and the experience you have to put into

courtney reagan explains. >> reporter: retail may be at a tipping point. more shopping is shifting online in general, and to amazon specifically, which is hurting store sales. consumers are spending more on travel instead of clothing. and investing in their homes rather than adding to their closets. the shifts have been happening over time. but after the recession, mall landlords gave concessions like lower rent or better lease terms, hoping to prevent ghost malls. several years later, as retailers weakened, equity firms stepped in, injecting cash to help prop them up. those owners provided the financing, but the interest payment on the debt is due now, which is the ultimate reason many of these retailers are closing for good. in fact half of the retailers filing for bankruptcy this year are highly leveraged with debt from private equity, including payless, the limited, and west seal. >> it's no different than a consumer who maxes out his credit cards. once you've maxed out your ability to borrow, your degrees of freedom if you should encounter any sort of

i am courtney collins, this is bloomberg.ther earnings today, facebook extending regular session declines after hours. a spike b's -- beating estimates, approaching $2 billion. joining us from san francisco to break down the numbers is sarah frier. this was a great quarter for facebook. what did you learn on the call? you are right, it is the quarter we expect from facebook. at the reason the stock is down is because on the call facebook's cfo reiterated a warning he has used in quarters past that the ad load, their frequencies of ads in facebook's news feed will not continue to grow later this year. that was a major driver of growth in the past. analysts and investors are looking to the future and wondering how much that will affect the sales in the future quarters. they say it will affect it meaningfully. as theooking at facebook other revenue growth driver they had down the line. not many are at the point where they can offset this decline. betty: that is right. what does this mean for revenue? i get it, they are doing vir

courtney reagan looks at why walmart's business is thriving in a challenging environment. >> reporter: retailers are struggling, but walmart isn't one of them. investors are focusing on its growth streak, growing u.s. comparable sales for nearly three straight years, and much of that from an increase in customers. an impressive feat for a retailer in today's environment. forecasts are stronger than analysts were expecting. stores still generate most of walmart's sales, but its digital sales grew 60% from last year. walmart has a long way to go to catch up to amazon online. walmart's total sales, though, are 3 1/2 times bigger than amazon's. >> this is a company that is generating traffic not only in bricks and mortar but on e-commerce. you just don't see that anywhere in retail. so i mean, if you're going to pick a winner, walmart is definitely one of them. >> reporter: more people are buying groceries at walmart too. in fact the most in three years. food makes up more than half of walmart's total sales. the enthusiasm fell somewhat due in part to walmart lowering prices and sales of

courtney, up 5.5%. care bill needs to pass the senate, but if it becomes law, what's the impact on insurance and hospitals stocks? joining us now, managing direct at stock partners, and sarah james. lynn, first thoughts here, who wins and loses the most if the bill is law? >> i think the winners are largely at the margin, and i expect it to be the insurers that prepare in the exchanges because of the way premiums will be calculated. i think a couple odd winners in this will be the over the counter durable medical equipment companies because of the expansion of health savings accounts that will largely be used to fund over the counter purchases, and lastly, the drug companies and medical device companies benefit from the eliminati elimination, the small tax part of the aca. >> yeah. absolutely. >> sarah, what about you? start with the wenters that you think emerge from this if it becomes law. >> sure, our favorite way to play this is the medicaid company. you know, as we look through it, the big part is

courtney's mother has suffered double heartache because her partner philip tron was killed too.ace. also lost, wendy fawell from otley near leeds, a mum and a school helper, said to have touched the lives of so many. wendy and her friend caroline had been together collecting their children from the concert. injured herself, caroline remembers being frantic with worry. i couldn't see wendy anywhere. and then i think it were a policeman talking to me and got me sat up and then asked me if i could walk. immediately straight away when i got outside and her phone just rang and rang and rang. 17—year—old chloe rutherford from south shields was studying music and planned a career in travel. she was at the show with her boyfriend, liam curry. 19—year—old liam lost his father to cancer earlier this year. he and chloe were young sweethearts, described as inseparable. their families say the teenagers' wings were ready but their hearts are not. and elaine mciver, a police officer who loved music and had gone to the concert on her night off duty. flowers have been laid at cheshire police hea

courtney reagan has more on what best buy is doing right. >> reporter: what a quarter for best buy. the best-selling category at the chuck electronics retailer were high-priced computers, connected home items, and gaming thanks largely to the march launch of nintendo's switch game console. the retailer has spent years cutting costs, closing stores, making the company more efficient. that part of its transformation is over. and now it's growing sales and grabbing share. best buy's online comparable sales soaring more than 20%. online strength surprising many as amazon's influence on consumers grows. >> best buy figured out under a new manager team a few years ago, where the store actually makes sense with consumer electronics online. they got closer with vendors, really focused on the bigger tvs, the service in the stores is better. now they're doing more in-home service too. they kind of figured out that part of the consumer electronics cycle where amazon couldn't really play. >> the ceo's tax refund delays did hurt temporarily. but when consumers eventually got the refunds, they sp

i am courtney collins, this is bloomberg.hank you. we are looking at financial leads, the bidding race for moneygram. is a worried u.s. regulators will intervene? ask why bonds are at a turning point. this is bloomberg. ♪ yvonne: this is daybreak asia, i am yvonne man in hong kong. betty: i am betty liu in new york. equities slide after strength magnified losses in the selloff of european bonds. we have the head of americas fixed income strategy. say the bond markets are at a turning point. what do you mean by that? >> we are at a confluence of forces happening at the same time. on thed was mildly hawkish side. they're looking through the weakness on the data. we're looking at the charts and how yields are forming. i can look at the moving the resistance around the 230 level on the 10 year. those need to get resolved in the next week or two. betty: there is still debate about whether the bond bull market is over not. there is a big question whether the bond markets or said it really reflects what is going on in the economy. r

i am courtney collins, this is bloomberg.rama is still playing to packed houses in washington over president trump's alleged links to russia and whether he tried to derail an fbi investigation. deniedcategorically anything that would warrant impeachment talk and claims he is the victim of a witchhunt. mr. trump: i hate to see anything that divides. i am fine with whatever people want to do. but we have to get back to running this country really, really well. yvonne: let's get the latest from washington. good to see you. the senate did meet robbers and stain on the russian investigation. what was the outcome? them he knewe told trump planned to fire james rosenstein wrote out the rationale for the firing. they initially said rosenstein's memo is what initiated the comey firing. senator dick durbin, a democrat, said the president had told him that comey had to go. did not say who told him to write a memo, which criticized comey on his handling of the investigation of hillary clinton's emails. said heresident trump was thinking

i am courtney donohoe. this is bloomberg. mark: thanks very much. minister tells bloomberg his long-term strategy for asset management and why investing is his main goal. this is bloomberg. ♪ live from london and new york, i am mark barton. vonnie: i am vonnie quinn. this is the european close on "bloomberg markets." they agree on extending cuts by nine months to help the supply glut according to the saudi arabian oil ministry. here he is speaking to francine lacqua. >> i have not spoken or heard of any country against the extension. everybody wants the extension because we realize we have not achieved the objective. >> are you concerned the market is already pricing production cuts in? >> i am not looking for a specific price. we have said that repeatedly. we are looking for an agreement and consensus and clarity for the market that we are study as we go. we are committed to getting inventories to the five-year average. there is stewardship of the market by a large group of producers. opec and others working together. i think that should encourage

courtney boyle was 19 and from gateshead. her stepfather, philip tron, who also died. courtney's mother said they were now both her angels flying high in the sky. elaine mciver was an off—duty cheshire police officer. in a statement from her family, she was described as "everyone's friend, the best we could ever have wished for". those people and all 22 who died, and all of those who remain badly injured in hospital, continue to be remembered here at this square in manchester, people arriving here co nsta ntly, manchester, people arriving here constantly, laying flowers and reading the tributes. a lot of people in tears and a lot of people expressing solidarity. the police investigation continues. for now, from manchester, back to you, simon. after a warm welcome in the middle east, and a "fantastic" visit with the pope, us president donald trump faces a tougher agenda today as he meets leaders of nato and the eu — both organisations he has criticised in the past. nato says it will become more involved in the fight against so

courtney reagan joins us with more. it's very hard in terms of the department stores. the numbers are down 20% this week. the numbers are bad. >> exactly. i think one of the best performers is kohl's and it's down 9% this week. we know the department stores are in this decline. folks aernts going for destination of shopping whether in store on online in the past. they're closing stores, trying to shrink in order to grow. they're getting better at their management why you saw some bottom line beats but it's the sale that's weak and that's worrisome. next week we have warm, tarpg and home depot that's the little different. what we're hearing from the department stores does not necessarily reflect the sale of the consumers. consumers are hale and they have the ability to spent they're just not going to jc penny and nordstrom like they did. >> steve we got the numbers this morning, obviously online they did well but what about elsewhere. is i just a department store issue right now? >> it's in part. i think the number is good, we were looking for 05, we got .04 and we'll t

i am courtney collins, this is bloomberg. yvonne: courtney, thank you.unting down to major market opens ithe asia-pacific. what should we be watching for? let's get the latest with our markets reporter in sydney. great to have you, it is risk aversion. political risk we have seen out in the u.s.. is it a meaningful shift where the market is focusing? is it now away from monetary policy and the economy and more toward politics? it definitely seems like a this morning. that was the sentiment in the u.s. it is definitely going to futures in asia, futures pointing down more than 1% in japan and australia. yesterday.ttle bit we definitely side in u.s. trading hours. rose the most since exit -- brexit. all the talk about volatility has come roaring back. we will have to see how much and how long this sentiment prevails in asia. betty: we will have to see that, how much longer. how much longer that will last, flowing through. let's focus on one stock market, australian stocks. influenced not only by this sentiment, but has been moving, slipping below its 50 day

courtney reagan.e have a lot to talk about in our "closing bell" exchange today we have a full house. gabriella santos with us, next to her kevin nicholson from riverfront investment group, steve grasso from stewart frankel and rick santelli from chicago. i want to get your response on the fed minutes, rick. not a huge response, but more than we had recently. how do you read the declining yields, the dollar index after the minutes came out? >> i think it is a great question and it is enlightening even though the moves moderated a bit. the dollar index yeefr, five year down the most, three or four basis points, stocks still higher. only one way to describe that. less aggressive. somehow the interpretation is that the fed is going to move slower, balance sheet reduction will take longer in terms of its final completion of the plan that they discuss. i can't tell you the reason. it is such a rohrshack when you read statements, but the market was universal. i agree with that. is by far doing more the righ

courtney: there has been a breakthrough in trade talks between the u.s. and china.ent will allow more exports of u.s. national gas and beef exporters will have greater markets to chinese markets. >> we have a lot more issues to deal with with the people's republic of china and i believe that the fact that we've got these long-standing aggravations -- of the way so quickly well for the relationship pattern going forward. the first tois negotiate a trade deal for president trump who promised to get tougher on china. his lawyers say he does not know any money to russian lenders. that comes from a review of the presidents tax returns -- president's tax returns, but did not release copies of the return. according to people familiar with the metal, treasury --retary steve mnuchin has barring banks from betting on markets with their own capital. critics say it has made banks too conservative and dried-up liquidity in certain markets. the european union will hold a phone call with john kelly about expanding the laptop ban on planes headed for america. the restriction is alr

elaine mciver, courtney boyle, difficult week for everybody but greater manchester is there, the names of each one of the 22 people killed difficult week for everybody but greater manchester is on monday were read out. of the 22 people killed difficult week for everybody but greater manchester is chloe rutherford, liam curry... of the 22 people killed difficult week for everybody but greater manchester is the family and friends of one of them, martyn hett, stopped this evening. like so many others, they are trying to move on into remembering, not forgetting. that leaves manchester city is still in need of both support and reassurance. chris buckler, bbc news, manchester. police investigating the manchester arena attack have arrested another man on suspicion of terrorism offences and have carried out searches in the moss side area of the city. 13 in the moss side area of the city. people are now b questioning. this questioning. massive police operation continued this massive police operation continued at a frantic pace today. 1000 officers and police staff were involved. the arrests con

mcconnell: i move to proceed to executive session to consider calendar number 54, courtney elwood to be the general counsel of the c.i.a. the presiding officer: the clerk will report the motion. the question is on the motion to proceed. all those in favor say aye. all those opposed, say no. the ayes appear to have it. the ayes do have it. the motion is agreed to. the clerk will report the nomination. the clerk: nomination, central intelligence agency, courtney elwood of virginia to be general counsel. mr. mcconnell: i send a cloture motion to the desk. the presiding officer: the clerk will report the cloture motion. the clerk: cloture motion, we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of courtney elwood of virginia to be general counsel of the central intelligence agency, signed by 17 senators as follows. mr. mcconnell: i ask consent the reading of the names be dispensed with. the presiding officer: without objection. mr. mcconnell: i ask unanimous consent

vonnie: let's check in on the first word news. .ere's courtney donohoe courtney: the u.s.conomy was not so bad in the first quarter after all. it rose to an annual rate of 1.2%. it is the biggest part of the economy and business investment was stronger the first but. 28 coptic christians are dead in egypt after the latest attack on that community. gunmen opened fire on a bus headed for a monastery. bombings at coptic churches on palm sunday that killed three dozen people. in sicily, president trump attending his first group of seven summit. the president's on climate change is at odds with other leaders, but his top economic adviser says president trump is leaning toward the european position that the u.s. mistake mistake in the paris climate accord. global this point for hours day power but with 600 journalists and analysts, this is bloomberg. vonnie: jared kushner is being investigated by the fbi according to a report in "the washington post." more next. this is bloomberg. ♪ mark: live from london, i am mark barton. vonnie: i vonnie quinn and this is "bloomberg markets."

to courtney.resident obama warned donald trump against hiring michael flynn as national security advisor. according to two former officials, mr. obama raised objections during the transition meeting. sally yates is to testify about flynn's contacts with russian officials. now flynn was ousted for misleading vice president pence about those contacts. in the u.k., prime minister theresa may is asking british voters for a mandate as large as macron won in france. he won 66% in the vote in the runoff and may says she needs that kind of support in the june 8 elections to be able to fight for britain in brexit talks. in sear yarks the foreign minister is talking about troops. he told reporters in damascus that syria would only settle for russian military police who are already on the ground in he so-called zone. bill clinton and james paterson are teaming up to write the thriller. it's called "the president is missing." it will be a rare joint release from alfred and little brown and company. patterson

. >>> good morning, i'm courtney reagan at off of 80 employees in order to cut costs this comes as the company announces disappointing first quarter. board member josh silverman will replace chad dickerson as ceo. the shares plunging more than 60% after hours on that surprising news. your cnbc morning business report. i'm courtney reagan. >> thank you. >>> depending on where you work, your summer internship may make more than you do. glass door.com said some summer interns earn more than that double the average american worker. most of these internships are at big name services. facebook will pay the summer's interns $8,000 a month. microsoft interns are the second highest, $7100 a month. third place to exxonmobil interns who receive just over $6,500. the average american only makes a whole heck of a lot of money. >> i look at our interns here. they actually work. they're not making coffee and they're out in the field, sweating, doing work. >>> the news4 team is going sugar-free. you've seen our facebook diaries and our posts. it turns out your brain can benefit from cutting out the ex

. >> courtney, do you echo that? there's still so much skepticism about the rally.s a summer of volatility, the political events we're dealing with, this is where the market is overvalued. you know, do you echo that? >> i echo that. i've. saying for a very long time we've been seeing this melt up, and i'm okay with that. i don't need a ton of volatile till. the trading desk would love to see a ton of volatility, but my personal portfolio does not want volatility. i do not need to take the altercation. at the end of the day, i definitely agree that we will continue to see a slow melt up. incredible things from the earnings session. very stock specific. this is a stock pickers market right now, and we're seeing the companies that are doing well, knocking it out of the park, and we're seeing those that might, you know, need improvements falling by the wayside. >> he's an example of the skepticism. in fact, comes from one of the most successful value managers out there. this group, of course, and with -- i don't know if we have text of that, there we go. he said, when s