i mark crumpton. this is bloomberg. -- i'm mark crumpton. this is bloomberg. thank you so much. perfect execution thereof the world wings from -- royal wave from princess charlotte. scarlet: she will get a new cousin. pippa middleton, the princesses sister is reportedly pregnant. julia: yes. we should talk about the new baby. , apparently. they are tied as the most -- albert and arthur. scarlet: how long before the official announcement? julia: a couple days. france's president arrives in washington today for a visit. he is looking to use his special relationship with president trump to win a place for europe and cooperation on a whole range of geopolitical issues within the president america first agenda. kevin cirilli joins us now from the white house. great to chat with you. i tweeted earlier the preparation, which looked amazing. there are some really key and important subjects, particularly things like iran that they will want to discuss what progress can be made? president mccrum wants to see president trump face his decision. president trump has advocated for the united s

. ♪ david: we turn now to mark crumpton.ark: special counsel robert mueller is defending and all -- the indictment of former campaign chairman paul manafort by releasing a secret memo, from deputy attorney general rod rosenstein, which gave mueller the already to investigate crimes related to manafort's political consulting work for the former president of ukraine. he claimed that mueller overstepped his authority. the turkish president welcomed russian president vladimir putin , who is on his first foreign visit since winning reelection last month. they're working together on plans for a nuclear plant on the mediterranean coast. tomorrow, they will join a president to discuss syria. israeli prime minister benjamin to resettlenceled thousands of african migrants. a nationally televised news conference, saying it would benefit -- benefit migrants. the prime minister said today he was suspending the agreement. soaredes in the u.s. last month. the fbi says more than 2.7 million federal background checks were run on firearms pur

i'm mark crumpton.d: this sunday marks beginning of small business week and they will be getting a countries --of how companies are doing here. linda mcmahon is here to give us an update. it's great to be here. from: there's optimism small business holders. today gekkohe stand -- where does the stand today? gives going up and this is the highest level of optimism since they started keeping records. when i was first sworn in, that level of optimism was beginning to grow on the thought that we would have regulatory reform and tax reform. as that regulatory reform took hold and then the tax cuts were passed, that level of optimism has continued to grow. no question it remained an elevated level. in the last nfib level, it has come off. it was with speculations over concerns on trade. are you picking up from that from small business owners? i hear a little bit about it, but they are more concerned with continuing to roll back regulations and what they are going to do with the tax cuts with that money they n

i am mark crumpton. this is bloomberg.ulia: international companies are looking for ways to cut costs and the on the edge of technology. tin is standing by. by thei am joined chairman and ceo of a global company that is consulting, but also does so much more. welcome. one of the things we hear with every single company we talked to is digital transformation. you are in an unusual situation. your company has been going through that and advising others how to do it. what have you learned from your experience that you can apply to clients? we started in 2012, ahead of anyone. want to have more than 60%-70% of our revenues by 2020. we set a high bar. it is important to do your digital transformation across different businesses. the digitalto do factory, thed of part and the bad core. finally, it is all about alignment. youreed to align leadership at the top of the house so they understand what the game is. people with communication and motivation and explanation, and your investments. we put 100% of our investments behind our

i mark crumpton. this is bloomberg. -- i'm mark crumpton. this is bloomberg. thank you very mark.esident erdogan for elections on june 24, a full year earlier than anticipated. turkish markets rallied on that is it we welcome james jeffrey who served as the u.s. ambassador to turkey and iraq as well as senior positions in the white house and state department or he is a village -- visiting fellow at the washington institute for welcome to the program. good to have you. this election is part of an ongoing process of erdogan consolidating his power. it's good for the markets in turkey. is it good for the region? a very goodis question. is stable turkey is important for the region, particularly now because a region is in total turmoil. the selection not only is for a new parliament committee will also be simultaneously the second direct election for a be runninghe will with his party. he is hoping to consolidate power because after this election, the new constitutional system, which is somewhat between the french and american system of presidential power will enter into effect and wil

david: let's turn to mark crumpton.urkish president says he is urging the united states and russia to remain calm over the suspected chemical attack in syria. speaking to reporters in istanbul, he spoke to the leaders of both countries in separate calls, he said. he called for peace and an end to the tragedy going on. u.k.mposter to the question britain's refusal to allow the former -- the daughter of a former russian double agent to meet with representatives for kremlin. >> did anyone see her pictures after the poisoning? voice?one hear the in more than a month? what is happening in this country? are they isolated? ambassadorussian added that russia is getting the wants ton britain destroy potential evidence with regard to the poisoning. international chemical weapons watchdog has confirmed britain's point -- finding there were poisoned with a nerve agent. russia continues to deny any involvement. politicians have already been pounding the pavement. candidates have been shaking hands and using social media to reach pot

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's world headquarters in new york, i am julia chatterley. reporter: i am scarlet fu. reporter: i am joe weisenthal. julia: soggy stocks are weakening. >> the question is, what'd you miss? arlet: wells fargo topped revenue, but the more time to clear the fallout from its fraudulent accounting scandal. we hear from john shrewsbury in the next hour. of athe financial details ramco. james comey compares president trump to a mob boss, while trump calles comey a "slimeball." julia: what'd you miss? jpmorgan-chase business booming with their latest financial quarter results. wells fargo beat expectations use $1 billion to settle eight u.s. probe into its consumer business. ounder of a crowd sourced financial estimates platform with us. outperformed but the for performance -- performance today in the market was soggy. all of these banks had really been taking up into the reports, and these stocks have followed that. you get a couple of good repor

i am mark crumpton.arlet: let's get a recap of action.market a second day of gains for u.s. stocks. the s and p at the highest in four weeks, moving through the 50 day and 100 day average as well. netflix was the star performer. speaking of results, we also have ibm reporting. first quarter margin coming in shy of analyst estimates, stock down 5.5%. company,railroad higher than anticipated. united continental up by 2.5%. the adjusted analyst estimate is $.50. a look at intuitive surgical, adjusted eps for last quarter will be the highest analyst estimate at $2.44. analysts were looking for $2.07. joe: "what'd you miss?" morgan capital making a big hedge fund blockchain. they are buying the crypto focused fund. terms of the deal were not disclosed. here to talk more about the opportunities in blockchain technology is mark yusko, the ceo for morgan creek. let's talk about the deal. talk about the opportunities. y fulltilt, why now? >> the easiest reason is they were local. this is a group that started off

i am mark crumpton, this is bloomberg. vonnie: welcome to "bloomberg markets." ♪ scarlet: -- here at the top stories on bloomberg and from around the world. u.s. stocks are rallying for a second day as the risk of a trade war with china continues to simmer. beijing promises concessions on autos. tradingse surge in bond within goldman sachs, but can the bank sustained first-quarter momentum? netflix nails it. itsservice delivers strongest subscriber growth since going public. a strong day for equity markets in the united states. here is julie hyman. stockswe have seen the suck -- hovering around the highs of the session for their couple -- for a couple of hours. earnings have a lot to do with it and earnings optimism. we are seeing stocks move back up above moving averages. we were talking about the 200 day moving average, moving below that. s and p 500 is moving above those. nonetheless, the momentum is interesting that we are moving back up the other moving averages. other examples of games we are watching today. a mixtur

crumpton -- i'm mark crumpton. this is bloomberg. david: thank you. trump administration may have resolved one personal problem with the withdrawal of ronnie jackson, but it is not out of the woods on its current head of the epa, scott pruitt. we welcome now mary kaptur, the democrat of ohio, the longest-serving woman in the congress and she sits on the house appropriations committee. good to have you. rep. kaptur: it is a privilege. david: i understand scott pruitt will appear before your committee in a short time and i want to separate out his conduct, or misconduct, from his policies, talking about what he is said to have done in office. how bipartisan is the concern on his spending habits, his living conditions in washington? rep. kaptur: a lot of this has come out in the press now about public money that he is spending at a very high rate on his personal matters, travel to foreign locations, i will ask about that this afternoon. at the same time as he proposes the budget that basically zeroed out money for the great lakes. this is something we ha

i am mark crumpton. this is bloomberg. you.it is tax day and republicans are betting on a future windfall to motivate voters on the polls. will they be able to make it a winning issue? we welcome republican of ohio and member of the house ways and means tax policy committee joining us from capitol hill. congressman, great to have you back. we are seeing the latest polls. , still belowrating 50%. will you be able to sell it by november? >> i think as americans get more in their paychecks, absolutely. people are thanking me and thanking us for giving more money back into the pockets. if they can spend it on what they want it for p are look at the jobs creators and the business is also giving back these are all positive things that will continue to happen over the next year. will you be able to do this ?efore making the tax cuts we do need to get it permanent. this tax cut will be sustaining. but we also have sustained growth long-term. the tax cuts are there and available to continue to help push sustained growth. you said that p

i am mark crumpton. this is bloomberg.hery: coming up, we will talk to congressman john garamendi of california, a member of the house armed services committee about the u.s. strategy in syria and where we go from here. this is bloomberg markets. ♪ shery: i am shery ahn. david: i am david westin. the u.s., great britain, and france lost an attack on syrian site said to be involved in assad's chemical weapons. we welcome john garamendi of the senate armed services committee. in your capacity on this committee, what do you know about what happened and whether it was affected -- effective? rep: garamendi: nothing. we have not had a briefing about the attack. today,back to work although i am not aware of a hearing taking place on this and everything probably tomorrow about what happened. all of the details about the military attack. the lead up and a hearing we had about 16 hours before the attack, in which there was no indication from the secretary of defense, or the chairman of the joint chiefs of staff that an attack was im

i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york, i'm julia chatterley. julie: i'm julie hyman in for scarlet fu. julia: we are in the united states. stocks taking back earlr loes. the nasdaq now up from 1.3%. joe: the question is, what did you miss? >> tit-for-tat it on trade, president trump chinese imports took tensions even further. it will levy an additional 25% on around $60 billion of u.s. imports. but -- between the u.s. and china would do a number on soybeans. hitting trump's rule supporters the hardest. and facebook faces up to 87 million people now affected by cambridge analytica. mark zuckerberg is set to speak to reporters in the next hour. regardingeaking news nafta. president trump is set to soften a key automotive command, something already hinted at in earlier headlines, and all of branch on arguably the biggest sticking point as the u.s. pushes to reach a stop cap deal this month. lower 85%sal set to demand on some parts to a lower content p

i am mark crumpton. this is bloomberg.avid: breaking headlines from president trump's meeting at the white house. two things they said number one, relations are solid between the united states and could are -- qutar, and he says it is going well. that is president trump meeting. much more is next. ♪ >> this is "bloomberg markets. fbid: late yesterday, the raided the hotel room of michael:, the present passes longtime personal lawyer as part into investigation possible financial crimes. president trump was quick to criticize this. president trump: it is an attack on our country and what we'll stand for. this, i said that is now a whole new level of unfairness. >> that was him talking last night and this morning, he tweeted and said attorney-client privilege is dead. welcome a bloomberg executive editor for financial investigations, kelly. a whole new level of unfairness. what do we and don't we know? >> we do not know exactly what kind of information led prosecutors to go after this but we do have an awful lot of things inv

i'm mark crumpton. this is bloomberg. julia: thank you so much. back to the breaking news, president trump is set to name richard clarida, as vice chair of the federal reserve. let's bring in politics -- policy correspondent, michael mckee. great to have you with us. for those that were hoping for diversity, he does not fit the bill. as far as academic experience, financial market experience, he does bring that. ake: if you are hiring resume, you could not do better than him. he is taking a step down because he was a regular on our fed shows. we could invite him to come back. anyway, here is a guide who has had all kinds of economic experience, has made his career theing on the ds ge model, dynamics model. he uses models to determine where the economy should go. advisoreen a strategic to pimco. his markets experienced that she has an extensive markets experienced. marketas an extensive expansion he has a lot of the kind of background you would want, particularly if you are jay powell who comes to the job with experience o

>> i'm mark crumpton, and you are watching "bloomberg technology." "the new york times reports the justice department inspector general delivered to congress friday a highly critical report of the fbi deputy director andrew mccabe, repeatedly misleading investigators. according to "the times," he was fired last month, lied about instructing aims to provide information to a reporter. in thesional democrats u.s. armed forces are calling on president trump to stop using twitter to announce national security decisions, particularly in syria. >> war is not a reality television show, and it should not be treated as a reality television show, and certainly not by the commander-in-chief of the greatest country in the world. >> president trump calls former fbi deputy director james comey an untruthful slimeball, in response to his new book in which he compares the president to a mafia boss. the president fired comey last may. president trump has officially parted scooter libby, a former top aide to vice president cheney. he was convicted of obstruction of jus

i'm mark crumpton. this is bloomberg.live pictures of the san bruno police force responding to reports of an active shooter at youtube headquarters. it is around 11 miles south of san francisco. what you are seeing are police on the scene surrounding the campus of youtube's headquarters, individually searching people as they leave the campus. we have been watching this now for several minutes. we have very little details. this could be a false alarm. we are following what is being said on twitter as well by people who say they are safe. some reportedly barricading themselves into rooms because clearly there was some concern about reports of an active shooter on-site at youtube's headquarters in san bruno. the sans the response, bruno police department responding to reports. we are trying to figure that out now. they are dealing with emergency calls only for now. at the moment, it is an immediate response to calls of distress from the youtube headquarters in san bruno. those are the live pictures we are showing your. >> go

in in new york, i'm mark crumpton. this is bloomberg.ext. >> this is "bloomberg technology." on caroline hyde. as we spoke of earlier, elon musk is making the claims on twitter today saying the vehicle profitablebe and positive to the third and fourth quarter. as may be a good time to check in with the company's cash burn. if you turn into your bloomberg terminal, we can see the cash flow. if you go to my bloomberg, three is the operative word here. it has been cast burn as you have seen over the years. we are always below the red line. the blue graph is showing how much negative, where last year, we had $3.5 billion of cash bird. -- cash burnt. however, elon is saying no, we won't be burning through that cash. we will be positive. even though analysts expect net losses of something around 192 million and the following quarters. interesting stuff, but you see elon fighting against the charts and the economists reporting. let's take a turnout to look , 28.3ndex ventures paris-based dollar digital health insurance company. to its portfolio

joe: let's get the mark crumpton with first world news.e senate foreign relations committee had mixed reactions to the news that mike pompeo had a secret trip to north korea. the committee is considering pompeo's nomination as secretary of state. >> we have always known that our contacts with north korea through the intelligence committee, it made sense for him to be the person to meet with them. i hope we have other officials doing the same thing in setting this meeting up so it has a good chance for success. mark: the committee's ranking democrat of new jersey can the latest announced his opposition, raising concern that pompeo failed in their private conversation to disclose his meeting with kim. investigators from the national transportation safety board are examining the damaged plane that made him emergency landing in philadelphia's airport on tuesday. one woman was killed and several others on the flight were injured. the ntsb says one of the engines fan blades broke off from the hot. and debris booked a passenger window. the plane

this is bloomberg. ♪ >> i mark crumpton -- i am mark crumpton.ere is a check of first word news. after opening a meeting with a strong condemnation of the chemical weapons attack in syria, the president provided more information about his upcoming meeting with north korea's kim jong-un. president trump: north korea, as you probably seen, we haven't touched -- have been in touch with them and we will be meeting with them sometime in may or early june. and i think that there will be great respect paid by both parties, and hopefully we will be able to make a deal on denuclearization. mark: hundreds of striking railway workers demonstrated in paris today, protesting president macron's plans to change their benefits. strikes. day 4 of more than 2000 police officers in france tour down flaming barricades and fired tear gas as they evacuated a protest camp erected a decade ago to block construction of an airport. france gave squatters until spring to clear out. in berlin, six men who were detained over concerns of a possible attack on the city's half ma

this is bloomberg. ♪ mark: i'm mark crumpton with first word news.he engine that the loveless week on a southwest airlines plane was recommending inspections that included the one that failed. one person died in the explosive decompression above 30,000 feet. the united nation's syria envoy is warning the rebel held province of idlib could become the ravaged country's new humanitarian crisis area. speaking inside brussels today alongside the european union federal chief. challenge, the new 2.5 million people. you will not believe all of them are terrorists, of course. there are women, civilian, children. we hope there will be a location for making sure idlib does not become the new, aleppo the new eastern content -- eastern ghouta. mark: the syrian observatory for human rights say 177 people have fled combat in eastern ghouta since february. 12,000 fighters relocated to idlib. justin trudeau says drivers must civilian, children. we hope there will be a location not live in fear after a driver plowed a van into a sidewalk sunday. prime minister trudeau

let's get the first word news with mark crumpton.runo police chief says authorities are still working to determine what security measures the youtube shooter had to get through so she could enter the company's headquarters. three people were wounded. a 39-year-old female been killed herself yesterday afternoon. the suspect parked her vehicle to the rear of a neighboring business and access to the campus of the get a parking garage. the suspect's coal has been secured and is expected to be processed. the investigators will gain access to and review all social media related posts associated with the suspect in an effort to further comprehend the mive. the chief says she visited a gun range earlier in the morning before heading to youtube and that her anger at youtube is the motivation identified. time says there is still to avoid an escalation of a trade battle with the united states. it will end -- impose an f on u.s.l 25% tarifr product, including so greens, airplanes, and cars, after the united states imposed a new tariff on high-te

i'm mark crumpton. this is bloomberg. shery: thank you. more on the pic of white house physician, dr. ronny jackson is a point -- trace for being the secretary. he was announced without a formal interview or vetting process. pension is -- causing problems as dr. jackson faces allegations of improper behavior and management lapses during his time at the white house to we welcome jonah goldberg, senior editor at the national review and author of the new book "suicide of the west, how the rebirth of tribalism, populism, nationalism, and identity politics is destroying american democracy." great having you with us. thank you for coming in. how much of the problems we are seeing with these nominations, whether it is with dr. jackson or the cia director, mike pompeo, how much of it has to do with partisanship and how much of it with the white house not getting them correctly? -- vetting them currently? jonah: i think the nominations need to be put in different piles. you can have partisan ideological differences with mike pompeo, but he is quali

crumpton. this is bloomberg. miss?"trump administration walk back trade rhetoric today, and larry cut no insisted tariffs are not around the corner. this is part of the art of the deal? our next guest negotiated deals with china under the obama -- administration. great to have you on the show, making for joining us. >> great to be here. wara: you said a trade looks unlikely, but do you believe this administration is missing vital cultural differences between the two administrations that are required to reach a deal? end, andk that is just that and i take issue with the diagnosis. real tradeortant and issues with china, in particular, the question is are the tariffs and approach proved to be effective? that is where i question the current approach. julia: i spoke to the commerce secretary last week and i was pushing him, is someone planning to go to beijing? he talked around the issue and wouldn't confirm. is that part of it, getting everyone around the table? you negotiated with these people and you were there a lot. >>

i am mark crumpton. this is bloomberg. sheryl sandberg embarq on an apology tour of her own after facebook up their original estimate affected by the cambridge analytica breach to 87 million people. the ceo acknowledged the company fell short in an interview with bloomberg yesterday. >> we know we did not do a good enough job of protecting people's data. i am really sorry for that and mark is really sorry for that. now that we are doing is taking strong actions. shery: what could that action look like and should they expect new regulations? welcome jamil jaffir, founding of the national security institute at george mason law. thank you for your time. we have seen the ftc get involved, and we have mark zuckerberg question by lawmakers next week. position toe best try to regulate or impose new rules on facebook? ftc and commerce want to get involved here. the challenge is that with high technology, regulations and laws are sticky. what to make sure what you are doing is technology neutral. there's a lot of resistive think th

here is mark crumpton.ate democrat from west virginia tweeted his support for the confirmation of to director mike pompeo become the next secretary of state. the senator says he made up his mind after meeting with pompeo and considering what he called his exemplary career in public service. the senate foreign relations committee they vote tonight against pompeo and his nomination. republican leaders say they will still bring it to the full senate. indian prime minister will meet with xi jinping this week as both nations look to reduce tensions following a border dispute last year. this is an informal summit and will be held friday and saturday. both powers want to reduce risk and regional environments as china faces down president trump's aggressive trade. german chancellor angela merkel and the country will take 10,000 migrants who were selected by the united nations refugee agency. she made the announcement today during a meeting for refugees. it was not immediately clear which countries they would come f

here's mark crumpton.ritish prime minister theresa may told lawmakers today about her decision to join the u.s. and france in air strikes on syrian targets. some lawmakers expressed concern that they didn't consult parliament. but the prime minister told the house of commons the decision to launch was made thursday after a cabinet considered the advice that was given by the attorney general. >> based on this advice we agreed it was not only morally right but legally right to take military action, together with our closest allies, to alleviate further humanitarian suffering. this is not about intervening in a civil war and it is not about regime change. mark: the added consulting lawmakers would be impractical come about because parliament was on a spring break until monday and because some of the intelligence to find -- intelligence behind the decision was classified. president trump continues to raise money at an unprecedented rate. the president's campaign raised $10.1 million in the first quarter of thi

here's mark crumpton.national committee is suing the trump campaign, russia, and wikileaks, claiming they interfered in the 2016 presidential election and claiming that russia launched a brazen attack on american democracy that began with a cyber committee. this includes claims of illegal hacking and racketeering and seeks unspecified damages. in puerto rico, april -- federal control board is voting to double tuition at the island's largest public university. they are also voting to cut benefits to the school and consolidate some campuses. government and university officials are promising to fight the changes. the island is still recovering from hurricane maria, a f category four storm that struck seven months ago. violent protests continue today on gaza's border with israel. protesters tried to set israeli fields on fire. over 400 protesters were injured. the protests are part of what organizers led by gaza's ruling hamas group have billed as an escalating showdown with israel to culminate into a mass mar

i am mark crumpton. the united states impose new sanctions on russia, straight going after individuals close to vladimir putin. including the billionaire industrialist who has a link to paul manafort. joining us from moscow is gregory white of bloomberg news who leads or russian economy and government team. has there been any reaction from the russian government to these new sanctions? >> limited so far with a few complaints from members of parliaments saying these are unjustified and unfair. the russians always have a muted response when sanctions come out because the public line is that sanctions do not affect them. they cannot complain much in public when new ones are added. marker response has been stronger. u.s. addedus on the several publicly traded companies the oligarchs is connected to. stocks wereme popular among foreign investors have been targeted. a number have taken a beating in the market as investors realize what it would mean to have them cut off from doing business with u.s. companies a

mark crumpton is here with that.n toronto sayes they are peers to be no national security connection that one of the country's worst mass killings ever but they are not ruling out anything yet. 10 people were killed when a van rammed into pedestrians on a crowded sidewalk. another 15 were injured. that suspect was arrested yesterday after a standoff with police. choice forrump's secretary of state is one step closer to winning confirmation from the full senate. cia director mike pompeo was surprisingly backed by a divided senate foreign relations committee. reversedn rand paul his earlier opposition under pressure from fellow republicans. the white house appears to be backing off its support for embattled epa chief scott pruitt. officials are cautioning republican lawmakers and other conservatives to temper their defense of pruitt as he comes under fire for ethical lapses which include renting a room from the wife of a lobbyist. another sign of strong demand and scarce supply in the american housing market. home pric

i am mark crumpton. this is bloomberg. president trump continuing his discussion at the rose garden, talking about china now, saying he is making progress in opening up china to trade. and he says ultimately trade talks are going well. if you want to listen to what he is saying, you can use the bloomberg app and watch that. this is bloomberg. ♪ ♪ julia: this is bloomberg markets. scarlet: stocks are higher this afternoon with president trump hinting that action on syria may not be imminent. there are also reports he may reenter the transpacific accord as well. lloyd blankfein says investors are getting used to the way the president communicates. >> you look at the markets, there's less of a response as people recognize the rhetoric it isout of hand, and bu in excess. the answer is i don't know, but am not getting hysterical at every pronouncement. scarlet: for more, we begin barry james, which has $7 billion in assets. how do you read the president's tweets our communication when he doesn't say something? especially when i

i am mark crumpton.technology" is next. ♪ ♪ caroline: this is bloomberg technology and i am caroline hyde. the world's biggest cryptocurrency has backers cheering once again, gaining 3% on friday, and bitcoin is poised to do somebody hasn't done all year. post back to back gains in 2018. if you look at gtv , we see the mini rally. joining me now to talk the coin and blockchain and much more is managing director at venture capitalist has made investments and snap, and much more. there are many out there who say, i don't like crypto but i like blockchain. what about the new protocols out there and ipo's? has anything caught your eye? >> is all really early. the analogy we often talk about in silicon valley is like the early 90's of the internet. there are lots of particles tried, but the technologies are not mature yet. which is exciting for us is the developer community in the valley that is going after confuses technologies and build expenses with them. it looks promising. caroline: i'm assuming you

. ♪ mark: i'm mark crumpton with world and national news.tary james mattis had this morning for syrian president a sharp al-assad, >> there has been full support for that regrettable but research attack on his and engineering part of his weapons program. he would be ill advised to ignore the international community's statement. mark: in an effort to ease japanese concerns, mattis said reducebout we will not our commitment to the bilateral relationship to japan and the u.s.. united nations special envoy said today the war-ravaged country has had " a very dangerous week. >> its priority for the yuan -- secretary and secretary general current the priority to lower the temperature. the temperature when too much high in the world and potential of major complications. mark: he also said it was important for officials from the organization for the prohibition of chemical weapons to begin access to the site of that alleged chemical attack in syria. protest continued today on gaza's border with israel. palestinians who flew kites with flaming rags tr

mark crumpton has more from new york.ctations are high the first summit between the leaders of north and south korea in 11 years. north korea's kim jong-un meets with south korea's moon jae-in tomorrow at the military demarcation line that divides the korean peninsula. there is speculation that talks and a plan toeace restructure some the border. president trump slams former fbi director james comey again today in and interview on fox news channel, the president called comey a leaker and a liar, accusing him of leaking classified information or comey has denied. year, thesays by next u.s. may be one of the world largest oil exporters, beating out saudi arabia. unprecedentedin levels while opec is curbing output. that opec could always taper cutbacks if they think the u.s. is cutting into their market share too much. in sweden, the central bank cannot get enough of inflation. the response has pushed back against the plan to raise interest rates for the first time in seven years. british policymakers said they do not see it

i am mark crumpton, this is bloomberg.f microsoft quarter,for the third $.95 per share, the consensus estimate was -- 7.7, it hasensus gained a beat. in better than expected. share price down 2% now but performance over the last 20 days still up 5.5%. it has outperformed. joining us bloomberg intelligence senior stock analyst. your take on these results? >> it is absolutely impressive. most every line item you go across is better or nearly the same as last quarter. outbig thing for me to call is the personal computing sector. all in all, very good numbers. what you think accounts for that? they were modest increases in previous quarters. anurag: one of the -- israg: one of the things there was higher value products mostly in the windows commercial products that is one of the reasons this is so strong. revenueelligent cloud $7.9 billion. how are they hanging in the versus amazon in this race? in the announcement, jeff bezos talked about the big head start the company got over its competitor. anurag: one thing is true, amazo

i'm mark crumpton. this is bloomberg. we are moments away from a news conference by president donald trump and the leaders of the baltic states. they are concerned about things like russian aggression. we want to get to that in a few moments. first let's get to michael mckee. there is so much going on today between the president's comments about amazon that really impact have amarket and now we new new york fed president. >> not to mention nafta going on. vonnie: trade in general. should the market have reacted to john williams --? >> i would suggest not. it doesn't change the monetary policy debate because williams has already been on the monetary policy committee since 2011. it gives him a permanent vote but doesn't change the input that he's been giving to the committee. we will wait and see who the san francisco fed brings in to replace him and that could be a different voice. we are still waiting for the president to nominate a vice chair and three other governors. shery: it's very interesting when we hear about john

i'm mark crumpton. this is bloomberg. ♪ julia: live from bloomberg world headquarters in new york, i'm julie chesley. scarlet: i'm scarlet fu. >> i'm joe weisenthal. julia: the stocks are choppy. the dollar is higher. -- what'd your miss? scarlet: the treasury the highest since 2014. at what point does this cause a problem for investors? and a battle of traffic acquisition costs when the parent company of google reports today. and a con arrives today in his y visit inhree da washington. --ia: the 10 year yield let's get more and allison what we are saying. let's bring in davis. great to have you with us. can you explain what we are seeing as far as the individual markets are concerned? the signals are conflicting. >> of the question i am asked a lot, at what level does the 10 year yield cause a problem for equity markets? ideahere between i have no and it depends. the difference now versus january is significant. in january, you had trade and tariffs wars starting to increase. 20-year-old,ll -- they wer

i am mark crumpton. this is bloomberg.ing to predict the future without a crystal ball. cameron crise has been on the hunt for the holy grail, tracking market performances if we can predict market peaks. cameron joins us now. in search of the holy grail. the thinking here is, i am wondering if it is possible to go through the reams of data in history and respond to the market characteristics that are exhibited. prominenceas a price in six months either side. , the last top of the s&p was in may of 2015, and it was the high point, higher than any six months. slate and higher than any points six months afterwards. wow, you did a whole year before you can decide. --eron: otherwise you end up we are looking at something prominent. to 1982, i defined both tops in the entirety of the s&p. we're looking for more medium terms for strategic tops and bottoms. i picked a few technical thatcteristics conventional wisdom says can define tops and bottoms. these include what we call positive or negative the virgins. -- divergence. -- the

i am mark crumpton. this is bloomberg. ♪ julia: life from bloomberg headquarters in new york, i am julia chatterley. we are 30 minutes from the close of trading as equities rally and bonds. as the president tones down the rhetoric on china and syria. joe: but the question is, what you miss? scarlet: president trump asks advisors to look to rejoining the transpacific partnership. mixed messages on syria. president trump says he will weigh options for the four hours after saying to get ready for missile attacks. at the moment of truth in the volatility blame game. the big spikes we have seen this year might not be good for them, and jpmorgan and citigroup and wells fargo report before the bell tomorrow. a slew of headlines out of d.c. today, the major policy change from the president. a few days after his inauguration, president trump abandoned president obama's pacific trade partnership, and promised a better way forward for a u.s. trade deal. he reiterated the point last november. president trump: we wil

i'm mark crumpton, this is bloomberg. president raphael bostic says eight 2% average, target is an not a feeling. he spoke to michael mckee and an exclusive interview from the university of south florida, sarasota. >> i do think that we will see .nflation come in a bit higher we had some pretty low readings around this time last year, and they will follow out, as you said. we will see an increase. there was an initial expectation about inflation in the beginning of this year that got him priced -- that priced in. some of it is priced in, but i arek also, the markets trying to wait and see what the numbers come in at and the dynamics around it to make an assessment about where inflation is. pce headlines last month were already at 1.8%. how's far would you be willing to go over 2%, and for how long? >> the trend is growing in the right direction. -- direction,hit and we will hit above 2% in the next quarter or two. i think we will hit 2.2%, 2.3%, that is not a crisis of overheating necessarily. it is also important that we

i'm mark crumpton. this is bloomberg. kanaan reports its latest earnings next week but the maker of froot loops and pop tart is seeing shares under pressure today after pressing point capital announced a short on the stock. joining us now is portfolio manager at pressing point -- press since prescient point. they borrowed future earnings. we have seen a securitization. and actually this year the financials are going to come home to roost. talk us through it. the company is a lot less profitable. much more expensive and much more highly indebted than the financial statements convey. we believe that this year the company is going to have to cut its guidance. it won't be able to meet its and it's going to end up being forced to decide whether it wants to cut its dividend or maintain its credit rating. julia: what kind of dividend are we talking about here? theare saying it cut all of credit ratings in danger here. what does it need to recognize that this financial situation you are saying they are in? depends on how quickly

now first word news, here is mark crumpton. at a cabinet meeting today, president trump again condemned the suspected poison gas attack this weekend on civilians in syria. president trump: i want to begin by condemning the heinous attack on innocent syrians, with banned chemical weapons. it was an atrocious attack. mark: at least 40 people were reportedly killed. the president said he will be meeting with military advisers to consider options, "and nothing is off the table." speaker paul ryan says his joint fundraising committee has raised over $11 million this year ahead of midterm elections. the committee says it raised more than $40 million so far in the 2017-2018 and election cycle, in an unprecedented total for the speaker's political organization. republicans are trying to fight off the trend in which the party that holds the white house almost always loses seats in the midterms. at least 27 children, some as young as 4, were killed today when their school bus skidded off of a mountain road in the foothills of the himalay

in new york, i'm mark crumpton with "first word news." "bloomberg technology" is next. ♪ emily: i'm emily chang, and this is "bloomberg technology." or's -- semiconductors. we will put the forecast that rattled investors into focus. fbi, and the pentagon, other law enforcement agencies tapped feeder teal -- peter teal for help with -- peter thiel for help with -- amazon's underpaid army. our look at the other story buried inside the letter and the window it opened into the company's rank and file. to our lede, apple and a slew of chipmakers fell thursday after rekindled concerns that the handset boom is waning. sales will be $1 billion less than projected. smartphone shipments declined for the first time, a reminder that the best days may be in the past. mark gurman, who covers all things apple, and bloomberg's ian king, who covers all the major chipmakers for us, join us now. why is this having such a big impact on apple shares? . >> it's a good question. this is more than just a low-cost contract manufacturer. they are a leader in this

♪ mark: i am mark crumpton in new york, you are watching bloomberg technology.hite house press secretary sarah huckabee sanders says no final decision has been made on how to respond to that alleged gas attack in syria. sanders says officials are continuing to assess the intelligence and are engaged in talks with u.s. allies. president trump spoke to british prime minister theresa may and french president emmanuel macron today to discuss the situation. meantime, the rush to move biological samples out of syria after the attack may have yielded results. nbc reports urine and blood from douma have tested positive for chemical weapons. threats of military action in syria are a violation of the u.n. charter. he spoke to reporters today after an emergency meeting of the security council. >> the meeting was about threats to the security, aggressive policies of some governments, council members, are having, preparations they are making. mark: ambassador nebenzya added quote, the immediate priority is to avoid the danger of war. global news 24 hours a day, powered by mo

i am mark crumpton. this is bloomberg. bloomberg news rod rosenstein is said to have told president trump last week he is not a target of any part of special counsel robert mueller's investigation into russian interference in the election. let's begin our next guest, kevin, talk us through how significant it is to have this conversation, discussing what president trump and his involvement in the investigation is, and also the fact he is told he is not a specific target. kevin: it is interesting this conversation happened at all. we know rod rosenstein went to the white house last week in part to persuade the president's frustrations. you're hearing from people on the hill that rosenstein was slow to comply with the request. apparently at this meeting he volunteered about the mueller investigation, and said trump was not a target of it. the real question is, what does that mean? for now it appears to have cooled off some of the president anger and a talk about firing robert mueller or rod rosenstein. at the same time, not b

in new york, i'm mark crumpton. "bloomberg technology" is next. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, ceo of facebook, mark zuckerberg, speaks to the public. 87 million users were potentially impacted in the recent data scandal. plus, amazon, still under presidential fire. the president ramped up his war of words against the online retailer with a potential cloud contract with the pentagon hanging in the balance. stock loses some steam on its second day. first, facebook revealed 37 million more users may have had their data in properly accessed by cambridge analytica. that would bring the total number affected to potentially 87 million people. the news came before ceo mark zuckerberg spoke to reporters on a conference call. zuckerberg said it was clear that facebook didn't focus enough on preventing the data from being abused, but that he is confident they are making progress in security. he added he is the right person to be running facebook despite this breach of trust. mark: i'm

julia: an update on the news with mark crumpton. the u.s.s says is not ruling out airstrikes against syria in response to the governments use against civilians -- of gas against civilians. mattis said the trump administration is consulting with allies in europe, middle east and elsewhere. >> the first thing we have to look at is why our chemical weapons being used at all. working with our allies and qatar, werom nato to need to address this issue. mark: president trump said he would be making some major decisions over the next 48 hours. he made the announcement at a closed-door meeting at the all progressives party. he has been urged not to run by some guys of health problems and economic challenges that have brought down his regime. 2000 french police forces fired tear gas at squatters today as they evacuated a test camp the frenchdecade ago government abandoned plans for the airport after 15 years of debate. of railway workers demonstrated in paris, protesting microns plans to change their benefits. they're angry a proposal to reject a spe

mark crumpton. this is bloomberg. back to you. mark: thank you. suisse soaringit today. net new assets hit a seven-year high. this is bloomberg. ♪ vonnie: the president just tweeting this. looking forward to meeting with tim cook of apple. we will be talking about many things occluding how the u.s. has been unfairly treated for many years by many countries on trade. this is before a meeting with tim cook. mark: credit suisse is reaping 12 rewards of its pivot management. the swiss bank attracting new assets. we talked with a chief executive. >> we are turning global markets into a machine to support world management. between global markets, we have launched three new products. more than 1000 times. we are finally being able to turn wholesale to the global market to serve a retail market. joined by henry foster. swiss investors have a smile on their face today? >> i think it is not just the investors. think about credit suisse and the perception of the bank over the past three years. ,f we talk about

i'm mark crumpton. ♪ emily: i'm emily chang, and this is bloomberg technology.oming up, unfriending facebook. privacy concerns on the social media site are taking a toll, with users deleting profiles at an alarming rate. bitcoin back on the move. the cryptocurrency shoots up within the hour. we will chart the reasons behind at. a look into what could be the future of sin tech. the future of robots taking advisory roles managing wealth. concerns about facebook privacy is taking a toll. a research group conducted a survey to find out how serious americans are taking it. nearly 1 in 10 americans have deleted their facebook account on privacy concerns. about 35% say they are using less than they used less than . co-founder mark zuckerberg testified on capitol hill for 10 hours over two days over the latest crisis surrounding cambridge analytica and russian election-meddling.. joining us from vancouver, elevation managing partners director. here with me in new york, sarah frier, who just flew in from d.c.. what are lawmakers doing? now?is facebook doing sarah: during

i am mark crumpton. this is bloomberg.ebook ceo mark zuckerberg wrapping up two days of grilling on capitol hill. let's get more from chief washington correspondent, kevin cirilli. kevin, take it away. >> we are here with congresswoman jan schakowsky who challenged mark zuckerberg today when he testified. what do you make of his response to your question? first, i wanty: to point out the many times mark zuckerberg has had to apologize. that,ke away from me is we can't rely on self-regulation via facebook is not going to regulate itself, and we have to pass some laws. but i certainly want to know, why don't we have the same ishts and rules as europe about the have on may 25? cap we adopt the protocol? don't our citizens deserve the same? and that was emblematic of the kinds of answers he gave today. kevin: with regards to other regulations in addition to what the europeans are implementing, terms of agreement has been another contentious point of facebook isn't suggesting to users to sign up how their data is collected. wha