mark crumpton is back with more. mark: a petition to parliament that calls for a rule that a voter turnout of less than 75% and a remain or leave photo under 60%, there should be another referendum. the british government said that during the campaign there would not be a second vote. in spain, exit polls showed the main progressive parties, the socialists and the antiestablishment group podemos probably won a majority of seats in today's election. the caretaker government one the 121, savings with 117 to although both second and third place groups have ruled out supporting. prominent conservative columnist is leaving the republican party because of donald trump. george will says he switched his party registration to unaffiliated. the pulitzer prize winner tells pj media that republicans should "grit their teeth" during a hillary clinton presidency and hope to beat her in 2020. federal officials in west virginia are assessing the damage from devastating floods that killed 21 people. present obama has offered condolen

i'm mark crumpton. back to you. matt: "what'd you miss?"n the wake of thursday passed exit vote, politicians and pundits are trying to figure out what caused the rich public to reject the european union membership. our next guest has identified one culprit -- central banks failed to deliver enough growth to satisfy the public. fellow us is a research from the george mason university and a former economist at the u.s. treasury. about the central bank. before i get to immigration which must have had a massive role in this. really boosted income inequality. greatlyple profited from what the central banks have done, some people not so much. that: there has been development as well, but if you go back to 2008, 2011, particularly related to exit, the central bank raised interest rates in 2008 and raise them then to rice in 2011 for euro zone economy was not completely healed. imagine an alternative world where the ecb did not raise rates twice and started qe sooner. the continent would have had a heart risk or growth rate and that would have mayb

. ♪ mark: i'm mark crumpton. let's get to first word news.raeli police say three people are dead and several others wounded when at least two gunmen opened fire in central tel aviv. a spokeswoman said there were reports of shootings in two locations close to the city's market. some of the wounded are being treated at local hospitals. two gunmen have been neutralized. in an extensive interview, donald trump is distancing himself from his own fund-raising estimate of a billion dollars. the presumptive republican presidential nominee says his campaign doesn't need much money to win the white house and plans to rely on his star power is a former reality tv personality. as far as a search for a running mate, he says he has narrowed his choice to four or five politicians, including former rivals. ruled out anyone with wall street experience. a top surrogate for bernie sanders is the battle for the nomination is over. in an interview, he said the democratic party has its nominee and that the twin goals of securing a majority of the vote and majority

i'm mark crumpton. back to you. scarlet: "what'd you miss?"he global economy is not in a recession but u.s. corporate problem -- profits are falling. istead, the global economy holding up. let's ask the leader of the jerome leavy forecast center. why has it not spilled over into the global economy? david: it has, but not as much were quickly as we would have expected. u.s. profits from the third are it on, appearances is not going to have a wonderful quarter in the second quarter either. we are seeing slowing down. we see a slowdown in employment stagnation inen sales but we have not hit the point with the vicious cycle starts to take over. joe: is it going to? david: i think it is likely to. i don't know what would prevent it from saying lower or sinking lower. creationhe wealth where we create more than we are wearing out and that's turning down all over the world. officiallyrkets, know, but expect -- but we suspect yes. we have seen our first down alix: seed that may more. what is going to be the trigger for that? that should lead to layoff

mark crumpton has more from the new york newsroom.c.: david cameron is rejecting calls on a do over europeaneaving the union. he is setting up an office to deal with the brexit exit. that the economy is in for some turmoil. pm cameron: we know this will be far from plain sailing, however, we should take confidence from the fact that britain is ready to confront what the future holds for us from a position of strength. mark c.: he says he will leave office in october once his successor is chosen. the supreme court has decided to make a harder to prosecute officials accused of bribery. governor mcdonnell was accused in 2014 from receiving loans from a wealthy businessman. in west virginia, two men were presumed dead when floodwaters that swept their camp away have been found alive. that lowers the death total to 23. meanwhile, heavy rain is expected to continue today. turkey and israel have ended six years of diplomatic exchange met. as benjamin then yahoo! confirmed, ties have been restored. the reconciliation deal opens the way for is

david: mark crumpton has first word news. mark: arguments on whether to dismiss a lawsuit against maker of a semiautomatic rifle used during the sandy hook attack. to get theing lawsuit tossed based on state and federal immunity laws but those suing say the company knew its ar-15 style rifle was meant for the military and was too dangerous to sell to civilians. the judge requested a similar request in april. 20 children and six adults were killed in that 2012 attack. leads donaldon trump by seven points in a new national poll. a survey of registered voters has mrs. clinton up 47%-40%. among likely-40 1% voters but the lead shrinks when third-party candidates gary johnson and jill stein are included. bernie sanders secret service protection is reportedly costing taxpayers more than $38,000 a day. the washington post reports that providing agents to guard sanders at home and while he travels could cost taxpayers more than a million dollars a month. sanders will have secret service protection until he officially ends his campaig

let's go to mark crumpton at the news desk. mark: more reaction to the you k's vote to exit the european union. appearing on abc's "this week," mitch mcconnell said u.k. citizens got tired of being told what to do. is up tocconnell: it the british to make that decision. you can read about the frustration of having ceded to bureaucrats in brussels so much authority. you know, you see the same thing here. we have had a regulatory rampage over the last six years. a lot of people the president has put on these boards and commissions in his government are pursuing policies that we have not passed in congress. senator mcconnell also praised the relationship with the u.k., saying the only one comparable is america's relationship with israel. the brexit campaign leader boris johnson will launch his bid to replace david cameron as conservative leader. johnson is gathering the names of lawmakers who will back him. lie isve campaign out being urged to challenge johnson, though he has not said he wants the job. 15 somali people killed when

mark: i'm mark crumpton. let's start with a check of your first word news. secretary carter is bashing the rebel forces in southern syria. he said they were fighting secretary state. he called russia's action problematic. they misused a channel that's intended to get air forces over syria. government forces have gained control over most of fallujah. his troops control about 80% of the city with islamic state militants on the city's northern edge. the voice and data recorders from the egypt airplane that crash into the mediterranean are extensively damaged and will need repairs before they can be analyzed. that's according to the "associated press." searchers recovered the second black box today in the quake of the florida massacres, they hoist republicans that the government be allowed to prevent anyone on a terrorist watch list from buying a gun. republicans disagree. they said a court should have to sign off on no-buy order. from bloomberg world headquarters in new york, i'm mark crumpton. ramy: this is "bloomberg west." apple facing the threat of a sale f

mark crumpton is in the newsroom.you to be a showdown next week in capitol hill overcome control. of the orlando, florida massacre, senate democrats are pushing republicans to allow a vote on the proposal that the government be allowed to prevent anyone on a terrorist watch list from buying a gun. republicans disagree and say a court should have two sign up on a no buy order. today, nine parishioners were murdered in the basement of a south carolina church. observances are underway around the region. meanwhile, the attorney for the shooting suspect says he has no plans to ask to move the federal trial from the city. doctors without borders says it will no longer seek funding from the european union to protest their migrant deal with turkey. last year, the group of $52 million or 8% of its budget, from the eu. russian track and field athletes will not be able to compete in the rio athletics after a doping related ban was upheld today by the international association of athletics iterations. the russian sports ministry

mark crumpton has more. mark: republicans are expected to vote to block two democratic proposals to expand background checks and then gun sales to suspected terrorists. they say the amendment from the rights of gun owners and are offering their own alternative which democrats are expected to block. the votes come after last week's filibuster led by democratic senator and other allies. the supreme court has once again decided to stay out of the growing debate over the also weapons ban. justices refused to question also rifle bans in new york and connecticut. they left intact federal or peels court ruling that said the bill complies with the constitutional right to bear arms. new york and connecticut are among seven states that outlawed weapons similar to the one used by omar mateen in the massacre that killed 49 people in orlando, florida. hillary clinton could lose millions in contributions if she selects elizabeth warren as a running mate. that is according to a report in politico citing a dozen interviews

mark crumpton has the latest. trump will continue his swing through california today with a rally in writing. last night, things got ugly in san jose, gallup on your. supporters were attacked by protesters as they left the event. at least a dozen people were hit and car windows were broken. hats grabbed by supporters -- from supporters were set on fire. critical ofton is donald trump in the state of california. both candidates have high unfavorable ratings in the state. 53% view trump unfavorably. 47% said the same of clinton. the suspect in the fatal shooting of former new orleans saints lawyer will smith is back in court today. several issues around the agenda, including a motion to reduce a suspect class $1.75 million bond. cornell he ran his hummer into smith's suv and then shot the player in the street april 9. hayes is also charged with second-degree murder in the wounding of smith's wife. without power in paris as the biggest floods in 30 years hit the french capital. the louvre museum, home to historic pie

i'm mark crumpton. back to you.t: we have the stock market getting ready to close less than 30 minutes from now. let's check in with abigail doolittle at the nasdaq. .3%.il: mastec down, down somewhat muted trading from select the last few days. the biggest drag is microsoft. the biggest boost to the nasdaq is apple. tim long has raised his estimates after a recent trip to asia more he became a bit more positive on the iphone. is theands out the most last few days investors and market watchers were talking about the fact that the s&p and whileere a record highs the nasdaq is 40 points away from the nasdaq 5000 5% away from its record highs. the nasdaq is down on the year ended down the s&p or both of more than 3% and when we take a look at the weekly chart of the nasdaq in may suggest -- i emphasized "may" -- more bearish action may be ahead. the third could prove to be yet another pattern. we see the first two of those pages did take the nasdaq down on recent lows. moreastec could have some bearish downside ahead.

al:mark crumpton is in the newsroom. is almost certain hillary clinton will be the democratic nominee. was asked what role he would play at the democratic national convention. i am not going to be determining the scope of the convention. i had a meeting with secretary clinton. reporter: how did that go? mr. sanders: good. years we served in the senate. mark: who he considers to be liberal, he says it would be, in his mistake, a terrible mistake or her to go to a candidate who has roots in wall street or who has been backed by wall street. to lead the he once health, education, welfare, and pensions committee in the senate next year. mrs. clinton picked up the endorsement of a retired u.s. air force general and a national security adviser under gerald ford and george h w bush, brent scope cross. unique she would bring experience to the presidency. and house democrats, led by georgia, they staged a sitdown protest, seeking a vote on gun control measures following the orlando nightclub shooting. they demanded house speaker

mark crumpton has more. u.k.s are voting today in a referendum on the membership in the european union. prime minister david cameron was among those casting ballots. fromlaw prevents us reporting on voting or discussion or analysis of referendum issues while the polls are open, but we will be following all of the action as those results come in. special coverage on bloomberg television begins at 5:00 new york, tenneco p.m. in new york. -- in00 p.m. in new london. republican revision to susan collins' position is to keep guns out of the hands of terrorists, those on the no-fly list. ron johnson would give the justice department only three day window when the opportunity for a slight extension to prove there is probable cause to deny someone on such a loss best list of firearms. democrats suspended the occupation of the house floor, which lasted more than 24 hours to demand votes on gun legislation in the aftermath of the orlando, florida shooting massacre. republicans refused to give in until after the fourth of j

i'm mark crumpton. back to you.donald trump back at hillary clinton, saying she gets rich making you poor. but first, let's look at this bloomberg poll showing investors think trump would be better for their portfolios by a margin of 17%. you can find this whole on your bloomberg. ♪ david: this is bloomberg markets. i'm david gura. vonnie: and i'm vonnie quinn. now to politics where the rhetoric is heating up with donald trump lashing out at hillary clinton today, questioning her integrity. mr. trump: hillary, and as you she is at people know, world-class liar. look at her pathetic e-mail server statements or her phony landing. [applause] her phony landing in bosnia where she said she was under attack and the attack turned out to be young girls handing her flowers. vonnie: clinton is speaking in raleigh, north carolina. joining us on the set is michael , weer and in washington have our correspondent. to we expect the rhetoric change or are the devices we have been hearing from trump and even from clinton going to st

markets intot the the headlines with mark crumpton. mark: president obama says he's confident britain is committed to an orderly exit from the european union. i do not to promote summit, the president commented on the referendum. president obama: i do think yesterday's vote speaks to the ongoing changes and challenges raised by globalization but while the uk's relationship with the eu will change, one thing that will not change is the special relationship tween are nations. remain one of our indispensable partners. mark: the president said he primeby phone with minister david cameron who today announced his resignation effective in three months. donald trump did not waste time finding a connection between britain's decision to leave the eu and president obama. from who arrived in scotland -- trump who arrived in scotland told reporters today some of them were cast despite the president. i think that a lot of if he had not- said it, i think the result might have been different. >> clinton's campaign is: mr. trump's reaction dangerous an

mark crumpton has more. goes intoary clinton tomorrow's california primary needing just 23 my delegates to clinch the democratic residential nomination. that is according to the associated press. voters in california, new jersey, and four other states to the polls tomorrow. a baltimore police officer charged in the death of freddie gray has opted for trial by jury. the driver of the van transporting great was mostly negligent when he failed to buckle gray into a seatbelt and call a medic for help. six officers were charged in gray's death. another officer who chose a bench trial was acquitted last month with assault and other charges in connection with the arrest. metchinese vice premier with u.s. trade representative kirk michael foreman today. is the eighth round of the strategic dialogue. they are marking on topics like how to advance both countries with economic openness. the president of turkey and the king of jordan have joined a long line of world leaders, religious figures, and superstars such as beg

more "bloomberg west" next. ♪ mark: i'm mark crumpton. begin with a check of your first word news. florida officials say the body of a child who was dragged by an alligator into a lagoon at walt disney world has been recovered. >> at about 3:30 today, we recovered the remains of the two-year-old from the water. body has now been turned over to the orange county medical examiner's office. disney officials today closed beaches at the company's resorts. the orlando, florida massacre has some senate republicans pushing to expand the fbi surveillance authority. the agency has a long-standing request to strengthen the scope of electronic records it can access without a court order in a terror investigation. chancellor of the exchequer says leaving the european union would leave what he called a $42 billion black hole in the budget, one that would have to be plugged with higher taxes and cutbacks. the brexit vote is june 23. recent polls show the leave side is ahead. prince william is the first member of the british royal family to appear on the

i am mark crumpton, back to you.rlet: let's get a recap of today's market action, ending after session lows, flipping before the brexit vote tomorrow, the dow off by 49 points. we did see fragile sentiment as the polls showed it was too close to call. the it could go either way, polls driving the pound, equity markets follow them pretty closely, as has been the case for a week and a half. camp, youhe positive wind up having health care, telecom, but utilities got pretty beaten up. tesla fell the most since 2014 after it announced it would try to push solar city, and ugly day for tesla. scarlet: "what'd you miss?" we are dedicating our entire show tonight for the chances and implications of a brexit. let's ask the big question, what exactly would happen if the u.k. was to leave the european union? bloomberg television explores the possibility of a brexit. leaving the eule would be a huge, historic shot. here is what to expect. occasion ofented the nation leaving the biggest union of countries in history may lead to an

check with's get a mark crumpton. president obama plans to formally endorse hillary clinton has early at this week to a person in with the president's plants. of the endorsement has not been set, but the president is scheduled to speak at a democratic fundraiser wednesday in new york city. mrs. clinton is expected to clinch the nomination on tuesday after six states including california and new jersey hold nominating contest. donald trump is dismissing critics of his comments that a judge of mexican heritage cannot be partial in a case involving him. said, "all i am endorsement has not been set, but the president is scheduled to speak at a democratic fundraiser wednesday in new york city. mrs. clinton is expected to clinch the nomination trying too is figure out why i am being treated so unfairly by a judge and a lot of people agree with it. the judge is presiding over one of the lawsuits against the defunct trump university. the department of justice officials are in north charleston today for a listing session. the

i mark crumpton. back to you. david: up next, a surprise coming from the bank of japan when it meets on thursday? a shock from the boj could do thatdamage than anything comes out of the fed meeting later this week. ♪ david: breaking news here -- it looks like microsoft's credit rating may be cut here. it looks like movies is reaffirming the short term rating. vonnie: it is a aaa and this is obvious the on the back of the deal to buy linkedin because that will be an all cash deal and microsoft is paying nearly $200 a share for linkedin. the stock has been down for most of the day. microsoft is presenting some new products right now in los angeles. the senior rating may be cut by movies. the fate of the fomc meeting was sealed by the week jobs report last month. vonnie: our next guest says he is more worried about the bank of japan for pointing than the fed moving too quickly. thank you for joining us. not really looking for a move from the federal reserve to are about we may get some kind of change in language. wha

mark crumpton is any newsroom.aid to be among the organizations reached by suspected russian hackers. attacks on the foundation's computer network as well as those of the democratic party and mrs. clinton's presidential campaign were new concerns about her digital security. the breach was first identified by government investigators as recently as last week. a spokesman for the foundation said he was not aware of any breach. meanwhile, secretary clinton is going after donald trump on the economy. she said there is agreement across the political spectrum that mr. trump's economic plans would bring dire consequences. conservativesd say trump's would be disastrous. the chamber of commerce and labor union. mitt romney and elizabeth warren. economists on the right and left and the center, all agree that trump would throw us back into recession. went beyondlinton economic policy, attacking his business record and his fitness to lead. mr. trump's presidential campaign has poured $6 million into his companies, that is base

crumpton. this is bloomberg. "bloomberg west" is next. ♪ cory: i'm cory johnson, in for emily chang. this is "bloomberg west." aftertors investing tela a feature causes a fatal crash. first kim kardashian, now gordon ramsay. mobileret to celebrity games defense. in san francisco the red-hot real estate market may be cooling. deflating rents in what was the hottest real estate market in the country. tesla shares dropping on the news that a model s was involved in a fatal crash. the highway safety administration opening a preliminary investigation after a tesla apparently led to a fatal collision may 7, 2015. for more on this, let's bring in tim higgins from washington. what happened? tim: tesla saying a tractor-trailer was crossing a divide highway and when it was perpendicular, the tesla hit it. one of the key things tesla is saying is the white trailer up against a bright sky and the car as autopilot did not see it, and the driver did not see it. it's been one of the areas of this technology that there has been

mark crumpton has more. mark: german chancellor angela andel is calling for a calm measured response to the vote. sentiment in the u.k. is often seen elsewhere in the eu area . see ourselves confronted with the fact that he will have basic doubts about the direction the european unification process has taken. mark: she will meet with the president of the eu and francis hollande. david cameron says a new leader should be installed by october. david cameron: the british people have made a very clear decision to take a different path and as such, i think that country requires fresh leadership to take it in his direction. i will do everything i can as prime minister to steady the ship over the next months and weeks. i do not think it would be right for me to try to be the captain that steers the country to its next destination. final tally had voters backing leave at 52%-40 8%. -- 40%. 8% . global news 24 hours a day, powered by our 2400 journalists in more than a 150 news bureaus around the world. tom: thank yo

mark crumpton has more from our newsroom.leader jeremy corbyn says parliament will be recalled from recess on monday to pitcher be too slain lawmaker joe coxe. corbin said he asked david cameron or the unusual move and the prima nist are agreed. the site of killing in england and laid flowers at -- the two men appeared at the sight of a killing in england and laid flowers. democracy. attack on it is hatred that killed her. the prime minister said, where there is hatred, we must drive it out of her politics. vladimir putin is reiterating his praise for republican presidential candidate donald trumps call to restore ties with his country. not expressing a preference for who wins the election. putin said his country is ready to work with whichever president the u.s. people vote for. a 94-year-old former ssr agent to serve it on twitter has been found guilty of more than 170,000 counts of accessory -- in auschwitz has been found guilty of more than 170,000 counts of accessory to murder. the nation's top environmental regulator is

we will check in with mark crumpton.y are voting in a referendum on the country's membership in the european union. prime minister david cameron was among those casting ballots. u.k. law prevents us from reporting on voting or discussion of referendum issues while the polls are open, but we will be following all the action as those results come in. special coverage against at 5:00 p.m. new york time and 10:00 p.m. in london. a man shot and killed by an arm to man shot and killed by police in germany. authorities confront the suspect was a shooting during a televised statement, adding that no one else was injured. german media reports say at least 25 people were hit right pepper spray during that standoff between the alleged assailant and police. senators marco rubio of florida and bernie sanders of vermont are the most popular choices for vice president. this is according to a new poll from monmouth university. 50 percent of other cited voters say they are more likely to vote for hillary clinton if sanders is the running

mark crumpton has more from the news desk. callsdonald trump president obama a member of the global elite. obama says that trump is trying to tap the same sentiment the drove britain out of the european union. mr. obama: there is a xenophobia cropping up in great britain in europe that has parallels with what mr. trump is trying to stir up her. mark -- here. president says trump is appealing to fear of newcomers and outsiders in the same strategy has been used by far right leaders in europe. has lost ayn confidence most. it wasn't close. 172-40. caused a masse exit of his team. he has no plans to step down. election to the un security council in the first round of voting. the netherlands and italy must now fight for a second open seat. the security council includes five per in a members with veto power, the united states, russia, china, britain, and france, and 10 nonpermanent members elected for two-year terms. texts reveal that one of the exits at pulse nightclub was inoperable. the records released today also suggest the ni

mark crumpton has more. alix, thank you.o endorse a candidate right now, according to press secretary josh earnest. he will be in new york city tomorrow to attend democratic fundraisers and type an appearance on the nbc "tonight show with jimmy fallon." bernie sanders is assuring his supporters he intends to win the primary, and jeff weaver says the democratic presidential race the continue until democrats passed ballots at the convention in philadelphia next month. there is news from the associated press that clinton has gotten the nomination which they say threatens to suppress voter turnout. russian president vladimir putin hosted benjamin netanyahu at the kremlin, the talks expected to focus on boosting bilateral ties and the situation in syria. it marks 25 years since the restoration of diplomatic ties. moscow is courting factions with israel to coordinate any possible incidents. and more than four out of 10 aren in the united states facing obesity according to statistics from a small government survey widely considered

i am mark crumpton. david, back to you.p up, said he fired his campaign manager after weeks of falling poll numbers, and looking for a turnaround in the trump campaign. india, a big step forward, relaxing rules for retail stores, but how soon until we see an apple store in mumbai? david: looking at shares, up by about 8/10 of 1%. more "bloomberg markets", coming up. ♪ ♪ david: this is "bloomberg markets." i am david gura. vonnie: and i am vonnie quinn. david: invalid patents, a decision that helps companies deal with so-called patent trolls. a new appeals lord at the u.s. patent and trademark office. boeing may be able to of an item,ife close to a deal with russia's largest airfreight company. 10 firm orders, and sales have dwindled. there are other fuel-efficient planes. some say there is a storm brewing in u.s. commercial real estate, the prices may fall of 25%, and the reason includes property sales by publicly traded landlords. and that is your business flash update. major changes in the donald trump campaign, his campa

from new york, i'm mark crumpton. for emilyi esencio in chang. tom giles for the hour here as whelm all eyes are on facebook specifically those of its share holders. stock closed down slightly 1% ahead of the company's share holder meeting on monday. they announced a plan to create a third class of shares this would cement mark zuckerburg's control of the company. it will send about 5.7 billion facebook shares but stripped of their voting rights. joining me to discuss this is tom giles and in san francisco facebook reporter sara fryer. how does this keep mark zuckerburg in leadership? sarah: zuckerburg said he would give a bunch of his wealth through initiatives that he sees are outside the schoop of the company such as eliminating disease, counteracting poverty, improving education. so as he invests in those fill anthrop cal initiatives, he needs to maintain control of facebook and this is going to cement that control for as long as he leads the company. >> so sarah, this sounds well and good now when facebook is killing it. the stock is up. peo

mark crumpton has more. mark: speaker ryan made the announcement on twitter. he wrote "i am voting for donald trump in the fall. " i see we are citing a column for a gazette extra that speaker ryan wrote and in it he says, it is no secret that donald trump and i have our differences that i will not pretend otherwise and when i feel the need to, i will continue to speak my mind. is, the speaker continues, on the issues that make up our agenda, we have more common ground than disagreement. the speaker of the house of representatives, paul ryan, announcing today via twitter and a column for gazette extra, that he will be voting for the likely republican presidential nominee, donald trump. you know there have been some back-and-forth. mr. trump us is represented as held a series of phone calls because mr. ryan famously said during an interview on cnn last month that he had not made up his mind on whether or not he would support donald trump for president. apparently now he has changed his mind. we will follow th

scarlet: let's go over to mark crumpton for a check on first word news.hernie sanders will do everything he can to prevent donald trump from becoming president. he did not offer an endorsement of hillary clinton. he spoke this afternoon after meeting with president obama at the white house. clearly, trump would in my mind and the majority of americans, be a disaster as president of the united states. it is unbelievable to me, and i say this in all sincerity, that the republican party would have a candidate for president who, bigotryear 2016, makes and discrimination the cornerstone of his campaign. senator sanders on the president met for about an hour in the oval office. bernie sanders requested the meeting is under pressure to drop out of the race and hillary clinton became the presumptive nominee this week. we are also waiting for the white house press briefing. it has been pushed back to about 2:15 p.m. washington time. massachusetts democratic senator elizabeth warren will go to a new level in the presidential campaign. she is expected to harshly cri

we will discuss. ♪ mark: i'm mark crumpton. let's get to first word news.on foundation is among the organizations suspected to be breached by russian computer hackers, when two people familiar with the matter. the attacks on the foundation network as well as those of the democratic party and hillary clinton's presidential campaign renewed concerns about her digital security. the breach was first identified by government investigators as recently as last week. a spokesman for the foundation says he was not aware of any breach. u.s. treasury secretary jack lew says puerto rico's fiscal chaos is "a crisis of the moment," and that the u.s. senate needs to act before july 1. senate majority leader mitch mcconnell says the chamber will take up a bill before that date and hopes to produce legislation for president obama to sign. the commission could establish an oversight board that would restructure puerto rico's $70 billion debt. u.s. secretary of state john kerry met today with several diplomats who want the obama administration to expand its military role in s

mark crumpton has more. mark: german chancellor angela merkel is not commenting on the suggestion by tory leadership contender teresa may that article 50, the european union exit class, should not be invoked -- clause, should not be invoked before the end of the year. >> you will understand, if i do not want to comment on every statement. now they are first elections inside the tory party, and let's wait and see how the new government acts and we can evaluate it. i'm following the discussion, like many others, but i don't want to make any political comment on it here. u.k. home who was yo secretary, says brexit means brexit and will not support a second referendum. two suicide attacks on a convoy of police cadets killed 37 people and wounded others, west of the afghan capital of kabul. the first suicide bomber struck buses carrying trainee police officers, and a second attack targeted people who rushed to the scene to help. the taliban claimed responsibility. the republican national committee spent a year di

i'm mark crumpton. back to you. david: we have been covering the impact of the brexit from all angles, but what about the tourism industry? a recent story said it could affect everything from security lines to villas in tuscany. joining us now is the founder of a new company called upside. >> it has not launched. today.site just launched it is time to shake of business travel. have an travelers enormous asset that they do not use or pay attention to, their flexibility. small amounts of flexibility, it turns out, are worth a great deal about the money. we have created a startup that allows you to trade that flexibility for something they want more. a good if you are corporate citizen and you are flexible to save your company money, you get something in return. do you sell the corporation on this or the individuals? >> it is targeted mostly to the small and medium-sized companies who do not have the big deals and discounts. if you make your own travel and are making your own reservations, if you are flexible about whe

mark crumpton. mark: senate majority leader mitch mcconnell says lawmakers have a final vote on the puerto vote today. they are trying to pass this before friday, when a two point -- $70 billion on payment is due. puerto rico cannot pay, and they that up aboard to see this through. spain's prime minister says his country opposes the european union negotiating with any other government within the united kingdom. mariano says if they leave, scotland should also leave. he recalled the fate in the brexit problems and the u.k. to resolve. the indian prime minister has improved salary increases. this risks treasury the whitest budget deficit. the payout is $13 billion. in the finance, he says this amount could go even higher if other allowances are approved. for the first time in decades, the nation's largest hispanic civil rights organization will not invite any president of candidates to its national convention. the national council says the decision is about test result of donald's concerted effort to

i'm mark crumpton. isom -- "bloomberg west," next. ♪ emily: i'm emily chang.his is "bloomberg west." coming up, could brexit cast a shadow over business in the cloud? we sit down with the ceo of box, and how he's preparing for a european split. plus, one of the countries -- companies pioneering analytics to see how smart software is driving up satisfaction. this week, bloomberg is taking a deep dive into the world of pharma. developing a solution to peanut allergies. first, u.s. stocks rallying, paring losses post brexit as the market shows signs of regaining footing. tech stocks were among the winners. let's bring in remy innocence you in new york, standing by. >> basically, stocks rising for a second day in a row, after two days of losses post exit. the nasdaq was the biggest gainer, around 1.9%. that is higher than the lows in the past six days. it was a broad rally led by energy, similar to what happened yesterday. rose 3%.se -- khalil the financial sector was also the second-best performer. with the gains today, i want to sort of rollback the hands of jus

mark: i am mark crumpton. you're watching bloomberg west. let's begin with a check of your first word news. senator elizabeth warren and hillary clinton held a private meeting today a clinton's washington home. this comes a day after the massachusetts senator formally endorsed mrs. clinton for president, fueling speculation warren could be on the short list for a running mate. likely republican presidential nominee donald trump tweeted -- goofy elizabeth warren, one of the least productive u.s. senators has a nasty mouth, hope she is vp choice. hockey legend gordie howe is dead. from 1946 until he played 26 1980, seasons in the nhl and six in the world hockey association. nicknamed mr. hockey, he was a 23-time nhl all-star and is considered one of the greatest hockey players of all time. gordie howe was 88 years old. louisville, kentucky is saying a final goodbye to his favorite son today. the world watched the body of boxing legend muhammad ali carry through the roads of his hometown in a funeral service. the private graveside service was h

i'm mark crumpton. david: commodity markets are closing in new york.taken look at today's biggest movers, starting with oil, falling to its lowest level in a week. at $48.49 -- the vti -- wti. the fed begins its two-day meeting in washington. natural gas trading higher today at one point hitting its highest levels in nine months. back to the bloomberg technology conference, one of the fastest-growing companies in silicon valley, over has a $51 has an valuation -- uber $51 billion valuation. brad stone is live in san francisco. he's joined by jeff holden, the chief product officer at uber. brad: thank you for joining us. around the world are trying to understand the impact of uber and other ridesharing services. jeff: reducing congestion is the core of what we are about. we want to have this city where we can unlock treasures, taking cars off the roads. it took me 46 minutes to get here yesterday. does, itut what uber takes cars off the road through a number of mechanisms. you have a lot less parking activity. long-term effects. we are doing these rider

i'm mark crumpton. back to you. alix: stocks are up today in spite of some bearishness at the start of the year. the s&p closed at its highest level since july. scarlet: and creeping toward that record high once again. erik schatzker had an exclusive interview. he painted a promising picture. guest: the u.s. equity markets function incredibly well. investors get their trades done better, faster and cheaper than ever before. because of the efficiency improvements, retail investors say more than a billion dollars a year. erik: why is there this persistence that the market is rigged, machines are taking over and the little guy is getting screwed? guest: when things become more efficient and automated, there are winners and losers. a lot of the losers are pining for the days when spreads were 1/16 of a dollar and intermediaries may lot more money. today, it just works much better. erik: the narrative of that storyline, michael lewis published a book -- does it feel funny to you that you and your industry are fighting ag

mark crumpton has more from the newsroom. comey says there was no indication the mass shooting in orlando, florida was directed outside the united states or that omar mateen was part of an extremist network. director komi said the fbi was investigating his life in order to determine if anyone else was involved in the plot. >> he said he was doing this for the leader of isil, who he named and pledged loyalty to. with the solidarity perpetrators of the boston marathon bombing and a florida man who died as a suicide bomber in syria. the boston at marathon and the suicide bomber from florida were not an byard by isil -- were not inspired by isil. mark: they will look into electronic devices. bernie sanders will meet with hillary clinton on tuesday. that is the last primary in washington, d.c. targeting attack court officials injured nine people in southeast turkey. three of the wounded were in serious condition. a police officer was among those injured. last week, two car bombings killed 17 in is temple. in australia, government

i am mark crumpton. scarlet: thank you so much. federal reserve chair janet yellen stressed the u.s. economy appears fundamentally solid but there was a contracting message in her speech. hir sharma joined bloomberg the earlier today and said global economic events are influencing the fed's decision now more than ever before. financial markets have been hooked to this liquidity issue and the change in the fed inking is how linked it is to global events. this is something the fed did not do much historically but over the last fear month it has become acutely aware that it is the central banker of the world. what we are seeing is that the weakness in the global economy is infecting the u.s. economy and preventing the fed from really getting on with its normalization process. the weakness principally being out of china. i think that is a big factor. david: what is the exit strategy? you are no longer the center of the world. .uchir: the fed is not the dollar has never been this widely used in the world. if you look at the prevalence o

mark crumpton. angle he rejecting insistence from republicans that the united states should describe terrorists who happen to be muslim as radical islamists. following a meeting at the treasury department with security advisers, they would validate the islamic state that america is at war with the entire state. we acted out of fear and we came to regret it. we have seen our government miss treat our fellow citizens. it has been a shameful part of our history. mark: in response, donald trump "claims toesident know our enemy and yet he continues to prioritize our enemy over our allies and for that matter the american people." he continued -- shooter in the orlando, florida, massacre, even though he had been investigated twice by the fbi, was not on the no-fly list he was taken off the list because agents had no evidence he was a danger. the team called 911 during the spree and swore allegiance to the islamic state. bernie sanders is meeting with senate democrats and plans to up date his supporters thu

i am mark crumpton. david: coming up later this hour, china's influence on commodities. sachsurrie of goldman tells us how china could set a downward pace for commodities in the next year. shery: arranged today on insider trading charges. how call for phil mickelson escaped prosecution. david: another look at today's trade on the s&p 500. more "bloomberg markets" coming up on bloomberg television. ♪ david: this is "bloomberg markets." shery: more breaking news on the ucla shooting. mark: according to the lapd twitter feed, two people are now confirmed dead in that shooting today at ucla's campus. the shooting taking place around 10:00 a.m. local time. still no word on whether there is a search for an active shooter or shooters on campus. according to some of the light shots we saw earlier, massive police and emergency personnel presence. the shooting took place near , at the center of the campus. the shooting occurring one week before final exams at the school. two people have been shot to death at the ucla campus. no word yet on whether the search or an active shooter o

mark crumpton has more from the newsroom. mark: two people have been killed in the shooting of ucla's's engineering building. police are sleeping the building searching for the gunmen. to shelter inold place. the suspect is described as a white melt rest in black according to law enforcement. the police chief says it is possible one of the two kills was the gunmen. authorities told people to stay away from campus. a steady dream of traffic is moving to the canadian city of fort glory as thousands of people who fled a wildfire at the start of may returned to see what is left. the fire returned 2400 structures when it ripped leading to anty, evacuation of more than 80,000 residents. officials are expecting thousands to return today. russia arrested 50 suspected members of a hacking ring that stole money from the nation's banks. since the middle of last year, lenders have lost more than $45 million to hackers. a slightlinton has greek -- slight lead over donald trump according to a national poll. 41% favor mr. trump. men and wom

mark crumpton has that. u.k. citizens voting today in a referendum on the country's membership in the european union. prime minister david cameron casting ballots. u.k. law prevents us from reporting on voting or discussion and analysis of referendum issues while the polls are open. we'll be following the voting as results come in. special coverage at 5:00 p.m. new york time, 10 a clock p.m. in london. in onent obama says it is disputable he wants banking and financial safer then when he entered office. in an exclusive interview, he also said reduction in banking profits is ultimately good for the financial sector. president obama: banking profits are not as outsized as they were , but i don't consider that a bad thing. most americans don't either. they are still making a profit, a profit hasere is been eliminated, which is good for the long-term for the financial sector. mark: the complete interview with president obama speaking with editor in chief john mikel, megan murphy, and bloomberg businessweek editor in

from bloomberg's newsroom in new york, i'm mark crumpton. "bloomberg west" is next. cory: i'm cory johnson in for emily chang. half billion dollar injection into the saudi sovereign wealth fund -- the biggest injection ever. but this -- does this change the ride hailing company for real. and we will take you through mary meeker's predictions for internet trends 2016. mark zuckerberg holds a live q&a from space. we will tell you how to nasa achieved stratospheric success in social media. turned to the middle east for its biggest investment ever, the company announcing a 3.5 ilion dollar raise as part of their most recent funding round, keeping the valuation at $62.5 billion. the saudi wealth fund managing director will take a seat on the board as part of the deal. is shocking. are these guys on a permanent fund-raising scheme here? they just keep raising money and keep raising money. guest: it certainly feels like that. is 11balance sheet billion dollars -- $9.5 billion cash on hand. they are flush with money from the private art gets, raising from everyone under the

i mark crumpton. betty liu, vonnie quinn, over to you. -- betty: wetinue will continue coverage of this breaking news. let's bring back margaret tello at the white house. also joined by megan murphy. just recap what we have learned in the last 20 minutes, the president has endorsed hillary clinton as the democratic nominee and he will campaign with her next week. this was all put out by clinton's campaign. megan: that's right. we knew that sender sanders would talk to the press corps after his meeting with the president, but that is about all we knew. things are moving very quickly. the president thinks it's time to get the party together and begin this campaign. the only thing that stood between him and doing that with was that meeting with senator sanders. before we get to the interview with hillary clinton, what kind of impact does this have on the campaign? what does this mean in terms of her fundraising power and her ability to unify democrats? megan: president obama has been itching to get in th

>> i'm mark crumpton. this is bloomberg west. suspect in russian hackers, that is what people close to the matter are saying. hillary clinton's presidential campaign increased concerns about her digital security. the international olympic committee convened a special summit following last week's decision to uphold its ban on russia's track team at the up coming games in rio. the door was left open to having some russians compete in track and field under their own flag as a member of the russian olympic committee. lynchttorney loretto traveled to orlando, the scene of the deadliest mass shooting in history. she praised first responders. are also offering emergency counseling to first responders to help them deal with the trauma they experience. it doesn't know bravery, they shoulder the dangers visited upon all of us and they carry that weight long after the smoke has cleared. >> the attorney general also met with those wounded and killed. -- i am mark crumpton. bloomberg west is next. ♪ emily: i'm emily chang and this is "bloombe

been -- mark crumpton. is next.g west," emily: this is "bloomberg west" live from the 2016 bloomberg technology conference in san francisco, bringing together entrepreneurs, investors and corporate leaders around the globe with minds behind the game-changing products, processes that will drive the next wave of innovation across the tech industry. we heard from a global founder, drew houston, the twitter share just a few of the voices today. but we will also be bringing you -watched moments throughout the next hour. stay tuned for much more coming up on this edition of "bloomberg west." first, from its founding google has been at the heart of dysfunction in the tech industry. one of the way they help to -- at the heart of disruption in the tech industry. they help toys continue to drive change is through gb. they have made a range of consumer tech advances like uber. they are developing a portfolio in the life sciences debate. joining me now on which industries look rife for disruption. thank you for being w