courtney. mr. courtney: thank you, mr. speaker. i want to first of all state very clearly that in my opinion, both the chair and ranking member are strong supporters of our navy and of a strong national defense and any push in terms of these amendments is not a criticism of them at all. in terms of the great work that they and their staff do. putting forward a defense appropriations bill. again, very quickly, this amendment really just is an opportunity to try and take advantage of the savings that my friend described, block-buy purchases have been tremendously successful. the last block contract, the block four, the submarines was always very proud of the fact that we got 10 submarines for the price of nine. because of using the advantages of bulk purchases which anybody who shops in costco knows exactly what he was talking about. and again, that's a fact that we achieve great savings by using the block-buy purchase mechanism. so i certainly strongly support mr. wittman's efforts here. again, i would just note that the $49 million

courtney didn't wake up, apparently.came back out. >> as cristi returned to the spa, said chris, they passed each other on the patio. he went in the house, stopped by courtney's room to make sure she was awake, then went right back outside and saw his wife floating face down in the spa. he called courtney then, he said, and they began a frantic effort to revive her. >> a fall, must have been. >> in your gut, tell me what happened. >> she slipped or something. i don't know. that's the only thing i can think of. >> but chris apparently hadn't noticed the nasty three-inch laceration on cristi's head. and here suddenly, the point of the police interview is revealed. >> she's got a huge gash on her head, okay? something like that is not consistent with just falling down. >> not consistent with just falling down? why would the police think that? >> i mean, you've been around for a while. >> i know where you're going. and no. there's nothing -- >> why in fact was this ex-police-chief being questioned at all about the apparently

courtney: very short answers. the new york city housing authority on monday, the city and housing and urban development talked about creating $1 billion to the public housing authority for much-needed repairs. over the past 10 years or so, budget has been slashed by hundreds of millions of dollars from the federal government. underneath circumstances, whoever is going back to washington, if you go back, would you advocate for more admiral funding for the housing authority -- federal funding for the housing authority, and should be spent? dan: the best thing to happen was the federal monitor. new york city is a landlady -- landlord. lord -- we reported on new york 1 of the peeling paint and lead exposure to young children. given the city of new york more money is not the solution. making sure they spend it correctly and holding them accountable is. the decision to have a federal monitor oversee the housing authority and make sure they are spending tax dollars hourly, that was the right answer. courtney: more federa

i understand your plea. >> commissioner courtney: then just do it. >> we will work on it. and commissioner, there are ways that are touch points. we mentioned our college hill learning garden. there is curriculum there where based around animal husbandry, that gets at the principles of how the environment is affected by the food choices we make. how we raise our animals, etc. that curriculum is based kindergarten through 5th grade. so it's pretty simplistic terms. up to 12th grade. that's where it comes into the s.t.e.m. and science background that blair was describing when we talk about pollution in our waterways. it's there. and it may not be packaged the way we would like to see it, so we'll continue to work on that, but it's very much a part already. >> commissioner courtney: it's important enough to belabor the point. corporate interests are infiltrating our school system and minds of our future leaders. that's a fact. now that i know that you know, a lot of this stuff is wickedly politically charged. so the organizations that we usually think are guarding against wro

we bring in courtney donohoe. courtney: president trump does not appear to be concerned about next week's summit with kim jong-un. today he says he is preparing for the kim meeting "all my life." he spoke before leaving for the summit in quebec. the chief brexit negotiator is rejecting a key part of the latest proposal. michel barnier i says prime forster may's proposal avoiding a border between ireland and northern ireland cannot play -- can apply to the rest of the u.k. celebrity chefs and travel host .nthony bourdain has died he was working on an episode of cnn's travel show "parts unknown." he was a chef in new york whose memoir launched his career in television. anthony moore dane -- anthony was 61g -- bourdain years old. global news 24 hours a day, on air and tictoc at twitter, powered by more 2700 journalists and analysts in more than 120 countries. i am courtney donohoe. this is bloomberg. mark: thank you very much. lionel --peak to our on the possibility of commerce bank and deutsche bank merging. he like

let's get the first word news with courtney collins. courtney? >> president trump says he will confront china very strongly over trade in the coming weeks. as his administration prepares to follow through on terror threats.- tarrif he praised the personal relationship with xi jinping. the administration plans to issue a list of tariff targets on friday. comcast has made a long-awaited offer to acquire much of 20% three fox. -- 21st century fox. the largest u.s. cable tv it values fox's entertainment assets at $65 billion. bid35 a share, the represents a 19% increase of premium over the disney offer. volkswagen will pay a $1.2 billion incurred by a german prosecutors for teaching regulations. it closes -- for cheating regulations. the world's bigg ys settlement of the criminal case will have other proceeding impacts in europe. british lawmers have rejected proposals by pro-eu politicians that were intended to lock the u.k. into the customs u. and a single market after brexit. as a victory for changes by the upper house. still a leader of london's

let's get to the first word news with courtney collins. dot plot projected the number of rate hikes toou overshoot faster than expected. the fomc raised rates for the second time this year, with chairman jay powell saying the main takeaway is that the company is doing well. he promised a news conference after every meeting starting in january. >> as chairman, i hope to foster a public conversation about what to eate a doing resilient economy. one way to do so is to have a press conference after every scheduled fomc meetings. we will do that beginning in january. that will give us more opportunities to explain our actions and answer your questions. yvonne: the hong kong monetary authority has followed the fe d, hiking its rate to 2.25%. the ci' has shrugged off monetary tightening. a bloomberg survey has found most economis expect the pboc to reverse its repo rate by five basis points after the fed's tightening. british lawmakers rejected politicians pro-eu allowing the uk into the customs union. the house of commons about his april -- comm

let's get first word news with courtney collins. merkel is warning of deep splits at the upcoming g-7 summit, saying she would challenge president trump on tariffs and america first. leaders prepare to head to quÉbec. the lack of compromise so far means the group may fail to agree on a final statement. sensual willr's speak directly to the president about trade. j.p. morgan says fears of an all-out trade war have hit u.s. investors in the pocket. a technique tod plot the impact of news about the standoff and found that the comments and policy changes have 4.5%, stocks down by wiping one point two $5 trillion from the value of the s&p 500. theh korea watchers say regime is destroying its testing facility in one north korean city. it says it is the only known site use for land-based, mobile, medium-range launches. the report comes days before the summit the between president trump and kim jong-un. it is not clear whether the destruction is temporary or permanent. president trump heads towards the summit insisting north korea make the

courtney kube of nbc news. she covers the pentagon and national security. tim alberta of politico and sun kim. along the white house on friday morning, he said it's not his fault. it is the democrats fault that families are being separated at the border. the republicans are being bills to the floor of the house, a, is what he said true? and, b, are the bills going to pass? >> a, what he said is not true. this is an administration policy. there is no gray area there. pardon me. it is black and white. this is a trump administration policy, the administration is choosing to enforce as a deterrent to keep people from crossing the border illegally. it is important to understand that these bills coming to the floor of the house next week are part of a messaging exercise. you have an awful lot of incumbents in danger. they are antsy. a lot of constituents are upset about the fact that republicans have done very little, if anything, to try to address the plight of, at the very least, the small section that qualifies as the so-called dreamers under daca, much less t

courtney, we're lucky to have you. you broke a story about what the chinese are doing in preparation for the summit. cue us up there. >> a lot are surveillance techniques and tactics the u.s. has seen before the chinese before that they do oversees and domestically here in the u.s. some things american security officials are looking for the potential they will have waiters in restaurants and coffee shops and around the summit location and the hotel where delegations are staying. if you're out and your at dinner and talking about what happened that day, they might be listening and they can report back. other things they have done things that are covert and remind me of inspector gadget or 007. the trump summit in china in november of 2017, the friendship pins. the belief was they could have tracking devices in them. so you weren't supposed to wear them into a secure area. those are the things they are expecting and anticipating could happen next week. >> we have seen counter measures where they pop up tents or the nfl s

let's check in with the news with courtney donohoe. courtney: a memo has warned that president trump's approach to the u.s. partnerships and his only wto willck be a free-for-all. trade will be discussed. his policies will force nations to revert to a machiavellian system where might prevails. the european union said banks must step up brexit preparation and not rely on government action. therenking authority said may not be any transitional trading agreements. u.k. regulators of called on the european commission and the government to settle the issue of contractual continuity. will release results of the parliamentary and presidential turkish election. authorities say more than 26 million of the 50 million ballots were for the incumbent president. for awill be no need it second round runoff vote, which is why the results were pushed back. north korea decided to skip one of the most politically charged events at the anti-u.s. imperialism rally. it's designed to strengthen unity and is a break from years of tradition. the summit will be

courtney. >> president hillis, members of the planning commission, kathleen courtney, russian hill community association. first of all, i can't even begin to tell you how i take umbrage at the accusation that i or other neighborhood people here impede, obstruct or delay projects. honest to god, everything approved by this commission will last a century in this city. so residents have a right to really ask people who want to construct anything in their area, what is the impact going to be on my street and on my city? that's -- we live here. six weeks ago, many people came before you and said, hey, and i will quote our letter, "the total lack of community outreach, the unwillingness to illicit or listen to neighborhood concerns and questions and the inability to recognize and appreciate the contributions that those of us who reside in this city are able to make." that's a pattern that really needs to be upset because what it does is it establishes an adversarial relationship and that's not the name of the game. the name of the game is to improve the quality of living in this city. specific iss

i am courtney donahoe, this is bloomberg.nie next, inside emerging market anl speak with the head at blackrock and later, an exclusive interview with kkrad of special situation investing. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. barton counting to the european close in roughly 15 minutes. ral bank raised itschmark for the first time since 2014 to calm financial markets. >>his ce along with an increa in other global commodity prices in recent global financial market developments has resulted in a fi up of cost pressures and persistence in the higher cpi -- 2019.ns for 2018 in our view, the price of the uncertainty of inflation outlook. the head of emerging markets at blackrock is with us. w do you ascent selloff we have seen in assets? is it technical? >> yove to see the context. in qt, some trough has to be cleaned out of the had the vix blown up at the start of the year and treasuries going hr, on top of that, paris and emerging markets nothing happened and every thing was fine. it was thanks the --

i am courtney donohoe. this is bloomberg.i election in up, turkey could decide the political future of president and one. growth picking up in europe. theresa may ang brexit ultimatum, warning it could pull out of brexit is and put thousands of jobs at risk. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. caroline: limb from london, i am -- live from london, i am caroline hyde. the turkish presidential election is this coming sunday and president erdogan is facing an economy stronger than when he fight --quinn -- this james hertling is an istanbul. he started a while back and could his grip loosen? less clear who may win on sunday. >> that is true. reporters in istanbul have done a remarkable job fanning out over the country to eight or 10 of the biggest cities in the country. what they have reported can be described as erdogan fatigue. older voters remember the hard times and have a frame of reference to judge how far the country has,. there is -- the country has come. there is a lot of younger voters to

courtney hacking joins us right now. thank you for joining us and it certainly must be difficult, but i appreciate you taking the time. >> thank you for having me today. neil: when you see these protests and everyone is talking about getting families back together. we can all support that. and then going what you have been through, it's got to ring a little hollow. >> it does. i don't believe any child should be separated from their parent, but at the same time i'm not permanently separated from my children and i don't have the chance to be able to see them again. so, it's kind of a -- it's a sticky situation when you want a child to be with their parent, but at the same time because of a lot of that, i do not get to see my children ever. neil: you know, i always wonder when it comes to protests, courtney, whether we're fair and balanced covering them. i don't see any protests on your behalf or fallen angels, those families who have had an experience of the tragedy that you've experienced. does that bother you? >> it doe

for "nightly business report," i'm courtney regan. >>> let's take about what some supreme court ruling could mean for consumers and the retail industry. arun, welcome, how soon will consumers potential feel the bite of today's ruling? >> well, i think they're going to start seeing it very soon, especially if you shohrough retailers like etsy or i think wayfair is probably a biggest loser. they advertise themselves as a place where you don't have to pay sales tax. amazon's probably going to see some impact, but they are big enough to be able t absorb any losses that comerom their sellers having to charge sales taxes, so that shifts the power in the online retailing space away from the smaller players and towards the bigger players. >>> arun,al a bit why brick and mortgage areasti traal retailers like macy's and best buy would be so vesuppor it will add to their administrative costs, isn't it? >>well, it's because a lot of the brick and mortar retailers n't have a significant online presence relative to their ce pres they have the systems in place to collect sales tax anyway, so they're

. >>> good morning, i'm courtney reagan live at cnbc yesterday. the nasdaq closing at a record high again helped by facebook and amazon. the market rose on deal news, disney increasing its offer for seventh straight day. it's the longest losing streak dropped 42 points and the nasdaq rose 55 points to 7781. instagram now has more than 1 billion users worldwide up from 800 million last year. the app owned by facebook is adding a section to long form video expanding beyond photo sharing. ig tv will feature videos from rising internet artists. it will initially be part of the instagram app but will also be available as a stand alone app. apple teaming up with sesame workshop, award winning studio behind "sesame street" to develop several live action animated children shows. "sesame street" is not part of the deal. apple is developing a slate of original content as it tries to compete against the likes of fl netflix, amazon, and released a hasn't been revealed how we'll watch them. >> thank you, courtney. talk about good news, bad news, this could exp

marcus ando you. >> sometimes you wait and you're like, i'll wait 20 more minutes. >> thanks, courtney. >> the housing crisis, we all know how hard it can be for renters. nati released a new report indicating someone has to work three full-time minimum wage jobs to afford renting a two bedroom home. that amounts to a little less than $33 an hour. on average california renters only make $21 hourly. the study is ranking california as the second worst in the country when it comes to rental cost behind only hawaii. >> well, 4:42 right now. coming up here on "today in the bay," kari has a look at the forecast and it's looking nice. >> it's going to be great today. definitely feeling like summer as we go to cupertino to ar temperature trend for today. we're going to benhe low 60s at 8:00, few clouds in the mix and all of that clears out and temperatures will be heading into the 80s. we'll talk about what's ahead with 90s in the forecast coming up next. >> oh, man, 880 we just had construction northbound over just north of the coliseum, we'll see some traffic breaks going on here. i do see so

congratulations on getting it, courtney. >> thanks. >> glad to have you. stay with us. >>> eight states are holding primaries tonight with a lot of the national focus on california, where democrats hope to get democratic challengers in place to try to flip a whole bunch of congressional seats in that state from red to blue. here's a pickle already. almost 119,000 vers were, quote, accidentally left off l.a. county polling place rosters. los angeles county, more than 5 million voters there the county registrar says 100,000 plus names were left off the roster due to a printing error. this mistake has reportedly affected about 35% of precincts in the county. voters whose names are inexplicably missing from the voting rolls when they turn up to vote are told not to worry. they're told to file a provisional ballot which officials say will be counted. but that is obviously setting some nerves on edge in california as we continue to watch results roll in around the country that does it for now, but lots of primary coverage to come tonight.

for "nightly business report" i'm courtney reagan at amazon headquarters in seattle, washington. >>> meantime, the economy grew less than initially thought in the first quarter. the grossc domesroduct was down to 2% amidst weakest consumer spending in fe years. economists expect a rebound in she second quarter. >> now bob told you, the federal reserve cleared the way today for most of thes. biggest banks to return billions of dollars to shareholders. the one exception was deutsch bank. regulators cited material weakness in its data capabilitiesnd capital planning controls. so that rejection now requires deutsch bank to make changes in its u.s. operatio a. fo the other banks they immediately came out with dividend hikes and yback plans. even goldman sachs andyorgan stanere allowed limited payouts. here are some of the new dividend plans and some of the buyback plans that were announced today. >> we, obviously a positive day for the financials sector after suffering its longest losing streak ever. the fhich is an etf that tracks the financial sector rio toda after falling for -- rose t

our courtney reagan now has more on her influence in the fashion world and the legacy she leaves hind>> reporter: the retail and fashion industries are mosrning the of the designer known as kate spade. they've launched her original eupe eponous handbag. the brand was the first premium american handbag maker to use lon for its base material. kate spade, her husband, and partrs sold their majority stake to neiman marcus in 1999 for around $34 million, and the remaining stake in 2006 for $59 million. the kate spaderand has only grown. after changing ownership several times, tab stropestry bought th spade brand for nearly $2.5 billion last year, 11 years after spade sold her are remaining stake in the company she founded. the kate spade brand is still known today for its bright colors, feminine, whimsical aesthetic, and kithy marketing. kate spade handbags, shoes, accessories and clothing are sold around the world, bringing in more than $1 billion a in annual sales. two years ago, sh along with her husband, andy spade, and the duo's original two other hebusiness partners, launca new handb

courtney regan has more. >> good morning. cnbc obtaining an e-mail that musk sent to all tesla employees. the subject line reads some concerning news. in it musk says he is dismayed to learn about a tesla employee who conducted extensive and damaging sabotage. musk claims the employee tweaked code on products and sent company data to third parties without authorization. the e-mail says there may be considerably more to this situation than meets the eye we need to figure out if he was acting alone or with others at tesla and if he was working with outside organization all of this comes as tesla ramps up production to meet the goal of pumping out 5,000 model 3 vehicles by the end of the month. cnbc reached out to tesla for comment on the e-mail, tesla declined right now shares are moving lower in the pre market by 2%. the full e-mail is available on cnbc.com it's an interesting e-mail and strong wording from elon musk. >> courtney regan, thank you >>> so much more to come on this busy tuesday a billionaire's take on trump, trad

courtney reagan, thank you former toys "r" us ceo, jerry storch, now ceo.it going to stunt economic dynamism, where are you? >> this is a victory for common sense and the economic realities of this century. giving e-commerce companies an advantage they clearly did not need it was really a form of tax evasion that accelerated the devise of main street and all brick and mortars including, by the way, the mom and pops who were the hardest hit over these marketplaces and outside from the internet victory in the retail battlefield should be based on inherent superiority of your business proposition, not on tax policy and the argument that there's me administrative complexity that would make this harder for people is an absole red herring. and an even better position to collect sales taxes which are all done electronically toda justing what they charge and they're totally capable of doing this. >> do you know who this is really good for? member avilara just had an ipo here it is up 26% at this hour. what they do is sort of sort out these tax issues for companies

courtney reagan looks at where things stand one year later. >> one year ago two new players entered thehly competitive t u.s. supermar industry, amazon with a purchase of whol a foods lydel. many expected change quickly, but that's not happened. something whole foods shoppers noticed. >> there are a few items cheaper. rally, i don't notice anything that's worse. >> initially there seem to be bumps in the supply chain, things that used to be regulars on the shelves weren't there anymore. >> see o like a lot things are missing from the store. >> it's takenan longer than m expected for amazon to begin integrating what it's known for, decent prices and fast delivery. whole foods did cut prices on core items like milk, eggs, and bananas but that was about it. it was lastonth prime members in some stores got a 10% discount on hundreds of asitems. f this week, less than half of stores offer this benefit. when it com toonline grocery delivery, whole foods still offers instantn cart as option for an additional fee, but delivery for prime membersons available in 14 cities. even though change has

that's where we find courtney reagan morning, court. >> good morning to you, carl that's right in this behind me at the university of arkansas, walmart ceo doug mcmillan is speaking now mason ramsey, the famous yodeling kid introduced the ceo here doug mcmillan will be talking about embracing technology and how technology will be taking walmart into the future for its continued success. of course, this event is a mix of fun and business. we have a celebrity emcee, jamie foxx musical performances by carly rae jensen we heard from married to one of sam walton's grandchildren and talked about how risk take something back at walmart. cfo talked about how it's disrupting its own retail model. mark lowrie detailing the tech innovations behind and in front of the scenes that consumers have seen over the past year the co-founder of rent the runway who works for tech incubators spoke about the new jet black text messaging concierge just launched in manhattan and brooklyn as of yesterday. there's a lot of excitement going on in the arena. one thing that's not happening this year is any sharehold

>> thank you. >> commissioner courtney. public comments on this item? item seven f.please. >> seven f., i was going to bring up the award and i just want to say, i want to thank staff on to answer your question park we actually looked at last years and we talked to the ways we can improve it. a lot of those ideas came from you and from some of our atms and staff who have worked on the awards. what i think everyone felt in the little video was that people can actually have and show their families. people who couldn't attend. i thought it was a great touch as well. i'm just really proud, and i'm looking forward to getting some feedback, so that next year will be even better. if you guys, or any commissioner attended, if you can provide some feedback in ways that we can improve it, that would be great. and with that, that concludes my report. >> any public comment on seven f.? >> at this point i would like to hear the tale of the origin of this but we will sa save that fr another time. >> bay area water supply and conservation agency update. welcome. >> thank you commis

jeff, the entire south texas region could see three-to-five inches more of rain tonight. >> glor: courtney zubowski, cank you. a chilling 911 call was played today in a california courtroom. it was the voice of a girl who had just escaped a horrifying situation where she and her 12 siblings were allegedly abused and tortured by their parents. rtmie yuccas has new details on this case. >> reporter: david and louise turpin, accused of beating, strangling, and starving their 13 children, appeared in a california court today, where attorneys played a frantic 20- minute call by their 17-year- old. daughter. that call has never been released publicly. "i have never been out. i live in a family of 15 people and my parents are abusive." her mother reportedly wept in court as she listened to her daughter tell the dispatcher in a soft voice, "they abuse us, and my two little sisters are chained up. we don't really do school. i haven't finished first grade and i'm 17. sometimes i wake up and i can't breathe because of how dirty the house is. we never take baths." the 17-year-old was desperate to help

jeff, the south texas region should start drying out tomorrow. >> glor: all right, courtney u.bowski, thank you. tioblems continue to mount wnight for purdue pharma.of ox. 24 states are suing the company opioid crisis. a decade ago they admitted to adlsely claiming that oxycontin was less addictive than other opioids. but it did not end there. here's tony dokoupil with a cbs news investigation. >> i think they misrepresented to the public. i think they misrepresented to their salespeople, and, yeah, i think it was just a big charade. >> reporter: carol panara says t e joined that charade in 2008 as an oxycontin salesperson for purdue pharma. so bottom line, sell as much as you can. >> sell as much as you can. >> reporter: to what end? >> to making money. to making money. >> reporter: just a year earlier, purdue had admitted it falsely promoted oxycontin as y,ss addictive by, among other laims, claiming the drug's slow- release formula did not cause a .buzz" or euphoria. the company said the misstatements ended in 2001. but amid a widening addiction epidemic, paneera claims the company

i turn it over to president-elect vince courtney. >> commissioner courtney: counting votes already. thank you, president kwon. i asked ms. hood to place a couple of images on the screen, if you can do that by our friends at sfgov tv. thank you. so i wanted to just take an opportunity to thank the general manager for joining us last week, when we recognized that three individuals from c.d.d. -- and i know it's not easy to find the time sometimes to recognize the workers, especially the field workers. but this particular honor is in the name of brothers anthony montoya and anthony montoya jr., both with the department of public works and both who have since passed away. anthony montoya sr., former with 261, and montoya jr. passed away while working for public works. so we recognized some individuals at our 8th annual montoya recognition and the general manager was able to join us and the director was able to join us. and i wanted to share it with my colleagues, share it with the audience, and make a public thank you to you for showing up and recognizing the workers. thank you very muc

facebook, estee lauder, trip adviser and square >>> i'm courtney reagan.what else is happening at this hour. a gauge of u.s. home builder confidence falling by two points in june while builders are optimistic about the housing market, they are increasingly concerned about rising lumber prices and sources tell cnbc that disney is expected to add cash to its bid for 21st century fox asset. the moves come after comcast outbid the company with an all-cash offer of $65 billion. >>> and rent-a-center will be taking private the deal value of the retailer, $1.37 billion. that does include debt >>> we begin with the markets, the dow giggebiggest one-day de. bob pisani is at the nyse with the details >> we're making another attempt at break even, at least the at s&p 500. r russell has gone positive again. one of the main reasons we're attempting to go positive on the s&p is tech stocks, those big cap technology stocks, your adobe, microsoft, google, facebook, all negative at the open and all positive now here in the middle of the day another help, energy stocks, oil

bunny: here is courtney donohoe.rtney: british prime minister treason may faces a crucial battle over brexit and parliament payday --. some went they can move and the issue is whether parliament will give itself the ability to force orresa may back to the table leave the eu with no deal. in colombia, the next president will be a pro business lawyer who wants to modify part of a landmark process. he won 54% of the vote in a runoff. he has called for cutting corporate taxes which may be difficult at a time when columbia is struggling to hold off his investment. the man behind one of the most famous cases of road trading ever is going back to court in france to play one of his last cards. jerome wants to lay the blame for his $5.7 billion loss on his warmer employer. he says he deserves a retrial because -- because the bank was going to of the other way as long as they made money. he spent five months in prison for abusing soft gentle hussy stressed. another sign of improving relations between the koreans. they agreed t

courtney, we're lucky to have you. you broke a story about what the chinese are doing in preparation for the summit. cue us up there.

i'm courtney donohoe, this is bloomberg. vonnie: vonnie: thank you -- vonnie: thank you.will talk with the tour ecb forio live from the him. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. mark: this is the european close on bloomberg markets. ecbo draghi speaking at the for him. he said central banks should take their time to lift interest rates. this clearly signals we will remain patient in determining the timing of the first rate rise and we think a gradual approach to adjust policy thereafter. mark: for the latest, matt with ans live in cintra exclusive interview. with the former vice president of the ecb and recently passing the baton on , i'm really excited about, i'm really excited about it because i haven't -- because now i feel you can share much more than you have in the past. you have given your own guidance in that you won't comment on policy specifically over the next six months to a year. what you think about forward guidance it self. it seems the ecb is giving us more than we have had. i talked to the deputy governor of the south afric

an important figure.officer sam courtney/chp"her dad john pedro paid the ultimate price patrolling thehe gave his life and passed away serving our community. sara was just two years old."sixteen years later now... sara has thrived. and dozens of her father's c- h-p family - including her mom... were there to celebrate with her.sara pedro/graduate"i kind of like turnaround and i see the first officer coming with these flowers and my diploma and he it was just, i had no idea it was going to happen and then suddenly so many more came and everyone's just like cheering so loud and calling my name. i started crying but that's to be expected."a flood of emotions... felt across a very loving extended family.officer sam courtney/chp"i think just seeing sara's reaction you know, i don't know if she knows how much she's thought of, she will always have that extended family with the highway patrol and she is special to us."sara pedro/graduate"ever since i can remember the chp has been there for me and my mom in way too many ways to count. i know he's always with me but it was really nice to have a

that's your cnbc news update back over to you >> courtney, thank you courtney reagan in headquarters.ng for the ruling on at&t, and, in fact, what's torture is it's happening right now. we just can't gape access to the information until the judge finishes delivering the ruling, leaves the courtroom, and then everyone runs out to get the information across the wires as soon as possible, which is why i'm watching like a hawk here. >> maybe just tweet it >> first person to the phone >> first person getting to the phone that's on at&t is whwins the battle >> alleged traffic tweet >> oh, that's interesting. >> how life used to be had to wait for things >> right >> realtime was not the rules. >> the facts of the earnings reports. >>> joining us now, advisory partner, the firm advising at&t walter, and craig moffit is back so, walter, we'll start with you. i mean, man, what a journey, and, yeah, it's just -- it's interesting to see in this case a lot of people think the judge will allow this deal to go forward. what happens then? >> well, one of the things that if it goes forward, we really

more on this i'm joined by nbc's courtney who helped break the story. courtney. >> hi, ali. >> tell me about this. what have we learned about? >> we have spent time going through the recent decisions by president trump, national security, decisions that dealt with military poll and i also just some announcements he made in the last several months. we found this common thread where he was making decisions that seemed to be counter to what secretary mattis had said both on the record in some cases, at other times we know it had been his private advice. a come of them are ones you just mentioned, ali, including space force. that was one that was on the record last october in 2017. secretary mattis sent a lower to senator john mack kaine explaining why he had concerns about the creation of a space core or a space force, a 6th military branch dedicated to space. well then several days ago president trump at a space policy meeting turned to general dunford, the chairman of the joint chiefs and said, i'd like you to create this. can you take on this mission? s

." >> thank you, courtney to seema moody at hq with the european close seema?n, european stocks on track to snap a three-day losing streak as worries about the u.s./china trade wars seem to be easing for now, but the eu announcing plans to launch a 25% tariff on $3.2 billion worth of u.s. exports on friday the move is in response to u.s. imposed tariffs on eu steel and aluminum that's how stocks are fairing. "the wall street journal" reports german automakers back the white house's idea of scrapping tariffs for cars between the eu and the united states. right now looking at volkswagen up nearly 2% moving to m&a and media, shares of sky moving higher in reaction to disney raising its offer for fox assets to $38 per share. fox owns 39% of sky and that stock is higher by more than 3%. earlier at a central bank summit in portugal, mario draghi said forces holding back wages in the eurozone are gradually waning adding that he sees inflation rising back towards the ecb's target of just under 2%. now tomorrow the bank of england is expected to not raise rates at its p

an important figure.officer sam courtney/chp"her dad john pedro paid the ultimate price patrolling theunty when he gave his life and passed away serving our community. sara was just two years old."sixteen years later now... sara has thrived. and dozens of her father's c- h-p family - including her mom... were there to celebrate with her.sara pedro/graduate"i kind of like turnaround and i see the first officer coming with these flowers and my diploma and he it was just, i had no idea it was going to happen and then suddenly so many more came and everyone's just like cheering so loud and calling my name. i started crying but that's to be expected."a flood of emotions... felt across a very loving extended family.officer sam courtney/chp"i think just seeing sara's reaction you know, i don't know if she knows how much she's thought of, she will always have that extended family with the highway patrol and she is special to us."sara pedro/graduate"ever since i can remember the chp has been there for me and my mom in way too many ways to count. i know he's always with me but it was really nice

i am courtney donohoe. vonnie: coming up, we have a battle of the charts.look for improvement in your gas bill. the chart on that next. this is bloomberg. ♪ vonnie: it is time for our global battle of the charts. you can always see the charts on the bloomberg. lines --hings off is k >> i am looking at oil, but the prices people will see at the pump. oil has had a steep decline from its peak on the 22nd. it has fallen almost 9%, down 5% on the month. gasoline is not following suit. there is concern coming into the oil market about supply from opec. they say they may roll back some of the pullbacks that of been in place. gasoline prices that usually follow and trap the price of oil are not doing the same. they are up four point 7% for the month and a lot of that is the actual gasoline retailers like valero capturing this gap and taking more profit for themselves and that will weigh on consumers wallets as they start the summer driving season. this is an important chart to watch. vonnie: thank you for that illustration of what is happening at the pumps. mark,

vonnie: let's get to the first word news with courtney donohoe.port the administration may be backing down from his contralateral border policy -- controversial border policy as they say the -- eight order is being drafted to end the policy but not clear president trump will sign it as lawmakers from both parties have criticized the white house from separate is really trying to illegally cross the southern border. treasury secretary steven mnuchin has a quiet way of showing his unhappiness with his boss. we learned he is maintaining a deliberate silence to display his dissatisfaction with president trump's aggressive trade war against china. last month, he launched a battle over the china tariffs. jerome powell is repeating the case he laid out for raising interest rates, telling the ecb form i portugal that there is broad support among fed officials for tightening. andited low employment balance risk. hit dozensn track to of u.k.-based company's with a prey brexit tax bombshell. they could lead to bills totaling more than $1.3 billion. the eu it

courtney: the supreme court has upheld president trump's travel ban. the vote of 5-4 was on ideological grounds. the decision gives president trump a legal and political victory on a controversy that has defined his presidency. mike pence arrived in brazil today, beginning a third visit to latin america. the country reeling from a massive corruption scandal, struggling to recover from a deep recession and trying to look beyond the election. mike pence will focus in the deteriorating humanitarian n in neighboring venezuela. jordan's foreign minister his border with syria will remain closed. the u.n. estimated some 50,000 people fled their homes over the past week. u.n. officials said many displaced are heading to the border with jordan without an apparent escape route. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. vonnie: thank you. lots more ahead on bloomberg. in a moment, we will hear from senator bill cassidy. talk hedge funds and the large amount o

time to travel courtney's or for day week i and ministering all the programs we have all the accounts we oversee. it's like taking care of. the last reunion was you know in the early ninety's. so if this is going to be the first event for a long time. i think it's going to be so special. eight will be traveling to welsh today with behringer weather permitting eight of them will be staying at the school and maybe five or six miles between my house and four picks for that stop gate i have that were signed. and. if represents a will be traveling to well weeding for the weather to come down to come today we can go depend on the weather here or whether they're going to come here or whether it's always the thing for me so if it's going to be delayed it's going to be done they'd. nothing really works on schedule. time times dire need it's really hard to live and. they always. remind us when the ice starts to reseat and may you know you could fall through. i lost my daughter my youngest she went to the ice me twenty one two thousand i. was six years old. just five minutes before she was with

i am courtney donohoe. this is bloomberg. vonnie: thank you.oming up on battle of the look at a will take a couple of charts you will not want to miss. this is bloomberg. ♪ vonnie: time for our global battle of the charts, the segment you have been waiting for. see these trucks on the bloomberg by running dtv go. -- gtv go. transatlantic today. >> energy markets are always very exciting but this week it depends on how they look based on where you are in the world. this chart shows the price of brent relative to wti. normally, wti as a discount to brent but they move in the same direction. that has gone crazy this week. a lot of stuff going on in the u.s. mostly it has to do with infrastructure. producers have literally run out of space and pipelines to put the oil. that oil has been cut off the market and the price has fallen relative to price of brent. you see these spreads widening. almost $11. a level we have not seen in three years. this may get worse and there have been some companies like comical phillips which may move investment away fr

let's get to the first word news with courtney collins.ney: first up, paul ryan is contradicting president trump, saying there is no evidence the fbi spied on his election campaign in 2016. ryan says he agreed with trey gowdy that russia was the target of the bureau. fact that two people loosely connected with the trump campaign may have been involved does not mean the president's team was infiltrated. >> where waiting for more document requests. we still have unanswered questions. it would have been helpful if we got this information earlier. --ly got the information we if we had gone the information we were looking for, we could have wrapped this up faster. courtney: the new italian prime minister is seeking to reassure markets with a pledge to gradually reduce the country's debt. -- former law percent for professor had unnerved people with a two-tier flat tax. but he told the lower house he respects the principles of a gradual reduction of debt. the latest wage data in japan hopes that the pay will be driven higher. the earnings in marc

you will need, benefit packages, fuel costs, insurance and the like brian, back over to you. >> courtneyank you i know how hard it is to get up at what time we get up for you to do us for viewers, thank you. >> thank you appreciate that. >>> crude realities, commodities front and center oil pulling back from 3 1/2 year highs. those details after the break. later on, pedal to the metal for one of america's most iconic cars the morning rbi has to do with the corvette stick around >>> welcome back rainy thursday in times square oil dipping a bit today from 3 1/2 year highs energy markets nearly at 4-year highs. look at that jackie deangelis, we blinked, and oil is higher again. >> i have that effect. the headline on oil is that it is absolutely defying gravity, but there's specific reasons for that the first is that the market looks at the opec deal it doesn't think the barrels that will come back online are enough to make up for the short fall that we could see from iran remember, coming from the state department there will be a bit more pressure there for countries to cut their iranian oi