spoke down -- david gura sat down and spoke with ceo alan smith. david and allen discussed the four seasons residential business. >> in terms of our pipeline of new projects, we are always undertaking, approximately three quarters of those are mixed-use hotel residential projects. in many instances the hotels would not get built but for the residential component. from a real estate perspective the residential peace often drives the developmental profits that allow the developer to construct the building. brand ander hand the the services provided by the four seasons is critical. it is a very complementary package. these it is a very diverse segment of people. some are local new yorkers. others are citizens of the world. it is a very diverse set of people. desire to be part of an iconic real estate development. a residence of exceptional quality. >> there is a second property in london that is coming together, where you looking for your next set? >> you mentioned london. it is at the highest end of the london real estate market and what is distinctiv

this is bloomberg. ♪ david gura: it is 1:00 p.m. in washington, 5:00 p.m..m. in hong kong. i am david gura -- welcome to bloomberg markets with a focus on politics and policy during trump's first 100 days in office. steve mnuchin is in germany to meet with his counterpart. they will hold a news conference moments from now. we will bring you that life on bloomberg television. secretary of state rex tillerson is on his first official trip to asia but he is calling on north korea to abandon its nuclear missile program. max baucus will join us. in the u.s., president trump release his budget proposal calling for deep cuts, but much like other can pick -- campaign promises, the budget faces major roadblocks. a lot to talk about today. we are awaiting a news conference between u.s. treasury secretary steve mnuchin

still ahead, the first 100 days of the trump administration with david gura.s is bloomberg. ♪ from bloomberg world headquarters in new york i am david gura. welcome to bloomberg markets with a focus on politics and policy during president trump's first 100 days. president trump met with lawmakers as he continues to on the american health care act. from the ambassador who oversaw the treat -- trade portfolio. and president trump plans for $1 trillion of infrastructure spending. what has to happen for a public pregnant -- public partnership for that to work? we learned today in the last month the u.s. economy added 235,000 jobs. president trump retweeted a grudge report

trump's first 100 days area i am david gura.rgingproposal the administration to rethink too big to fail designation will stop gop lawmakers -- designation. -- gop lawmakers that steve mnuchin needs to review the costs associated with a label under the dodd frank. jesse westbrook. treasury of debts treasury secretary -- treasury secretary can change it? jesse: he has authority. there is not authority under the biggest banks and they get the designation which subjects them to more regulation. other firmss under that have been designated through the process and probably recall metlife sued the government to get out of the burdensome constraints. to get electric sold off under it. the senate republicans want probably more firms to get out of these constraints or never put in them in the first place. designated inre now you have lawmakers writing a memo. what is new and a memo from these lawmakers? i can imagine there's opposition to the f-stop and how it regulates? jesse: they have a presidential regulates -- administration there pr

i am david gura.er this week americans for prosperity came out against the american health care act, and the president of afp met with president trump to talk about the bill and he joins us from washington with more. we have house speaker paul ryan going up his sleeves and talking with a powerpoint presentation to making the case for this piece of legislation, trying to convince guys like you that this is the right way to go. has he made any inroads? has his outreach to conservatives yielded anything? tim: we appreciate meeting with the president yesterday and they discussed making this a full repeal of obamacare, but speaker ryan has not made changes yet and there are just some issues, especially the tax credits, which are really a contiatn of the subsidies from the obamacare years that are in place right now. we want to see those fixed. they made a promise to the market people, david, that they were fully repealed this law and give some reforms that would actually help improve the health care that a

a focus on politics and policy under the new administration, i am david gura in washington.resident trump will reschedule his first meeting with germany's angela merkel. i want to bring in one of bloomberg's white house reporters, just getting this news that meeting will be rescheduled. the white house taking stock of a very dire looking forecast. what are these two leaders keen on discussing? >> it's more of a question of what is not on the table. i know the germans have been very keen to talk to trump about how they can position themselves potentialithout any encroachment. question about how the u.s. is a first nationalist economic idea. there are going to be a few things to keep them busy for a while. >> there will be some dueling program on wednesday. wrapping up a two-day meeting. the president of the united states -- what does he have planned? on wednesday, the meeting with automakers will be following that with a rally in nashville. i expect it will be more about these jobs, pushing automakers to create more jobs in the u.s.. if fuel't be surprised efficiency and cafe

i'm david guerrero. -- gura.iday, after the house leadership decided not to bring the health care act up to a vote, president from said the responsibility -- president trump said the responsibility is now with the democrats. formerown with the secretary of health and human services and asked what is next. >> i'm personally am inclined to believe that people are rushing to write the obituary on health reform, at least repeal and replace, prematurely. just too many people standing on one foot with very significant obligations and commitments made for me to believe we are not going to revisit this in some form later. they are going to move on to taxes now, but once again, you got into taxes and many parts of what they have been planning on taxes were dependent on health reform. it leads me to believe that this conversation isn't over. i think we may move into a bipartisan phase could we may season movement among those holding out in the past. i don't know with certainty but that is what my instinct tells me. david:

im david gura. optimism sparked by president trump in his speech.et yellen said the central bank was likely to act at the next policymaking meeting barring any surprise. three rate hikes this year up from two. ellis behind what is moving that call. what changed your mind? what changed our mind is a basically told us they would hike in march. it seems pretty obvious what to do when they basically write the fed call down for you. a lot of people i talked to are still somewhat in shock about how rapid and blunt a change in message of occurred last week. again, the deli balance. well motivated it? -- again, thehat agai deadly balance. what motivated it? hard to say. it seems like the move that we have seen in risk assets is contributing factor. the relative stability of the dollar in the face of that has probably also given them some confidence. but why that message last week versus two weeks ago? we got minutes that were generally regarded as a little bit dovish. seems like a pretty sudden change. asset markets that contributed to that. perhaps the com

handed you over to david gura. david: i am david gura. me is more barton who is covering an incident outside of parliament. described by the metropolitan police as a firearms incident. bloomberg is reporting multiple catastrophic incidents and one person dead. you have been following the story since it broke. what is the latest? mark: it seems and we heard from london police officer that there have been a number of casualties. he did not want to speculate on the incident is purely

julie: battling it out today is abigail doolittle and david gura. we will see.t with you. abigail: this is a great chart. realchart is the inflation. 500 from the&p 2009 lows for the all-time highs we have seen recently. that is up well more than 200%. how long can this last? in orange we have the bloomberg commodity index. in the last 20 years, these two silos have traded in tandem together. when they diverge, they come back together. more recently, the commodity index has been taking it on the chin as stocks go higher. at some point we will likely see a convergence. will this be bearish? how bearish for the s&p 500 and stocks? jaws: the famous closing as they were. we will see if they end up closing in this case. will we see stocks catch up with the commodities? mark: i love those convergence, divergence chart. will it be commodities, or stocks? let's bring in david gura. david: i feel embarrassed like the basketball player forgot his shoes. this was supposed to illustrate the histogram in place. it has not. i cannot get it to work. it was the biggest being be

caroline: that was david gura speaking with former c.i.a. director michael hayden.r this edition of "bloomberg technology." all episodes are now live streaming on twitter. check us out weekdays at 5:00 in new york and 2:00 in san francisco. that is all for now. this is bloomberg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." >> good evening. i am john hockenberry filling in for charlie rose. we begin overseas with the sinking -- shrinking caliphate known as isis. iraqi forces have taken all but the question -- western city of mosul. in syria, hundreds of u.s. marines and their artillery are joining local forces in preparation for an assault on the isis capital. is it safe to hope this is the beginning of the end of isis? with me is michael weis

caroline: that was david gura speaking with a former cia director michael hayden.up, our exclusive conversation with the node khosla and the ceo and cofounder of rubric. if you like bloomberg news, check us out on the radio. you can now listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ caroline: a story we are watching -- germany is threatening to fine social networks like facebook more than $50 million if they fail to give users the option to complain about hate speech or fake news. the punishment would apply if the company also refused to remove illegal content. if passed, it would be the steepest challenge facebook faces in any country where it operates. the move comes as germany prepares for september elections, and the government is under pressure to curb the spread of fake news. now, will 2017 be a big year for tech ipo's? we have already seen snaps volatile ipo, and we are waiting on other countries to go public. -- companies to go ahead. we spoke exclusively with vinod khosla, partner at lightspeed ventures

handed you over to david gura. david: i am david gura. joining me is more barton who is covering an incident outside of parliament. described by the metropotan police as a firearms incident. bloomberg is reporting multiple catastrophic incidents and one person dead. you have been following the story since it broke. what is the latest? mark: it seems and we heard from london police officer that there have been a number of casualties. he did not want to speculate on -- iscident is purely purely reflective of this area in the center of london, the house, the parliament, the centerpiece of u.k. politics here. he was not wishing to speculate if it could lead to other incidents. essence is essence is london hs suffered what has been termed by the metropolitan police -- [no audio] theappened midway through afternoon. a vehicle travel down westminster bridge. bridge whereinster the camera has been focused most of the afternoon. the car drove into the fence outside parliament and of the and of then through the man that ran through the gate went th

i am david gura.sanship has come to define washington. there are deep ideological divisions, infighting, and that has made crafting and passing legislation difficult. we have the former house majority leader, now a vice jerod bowman company. you were talking about republican-controlled white house. you said that would appease the fractures we have seen from the tuesday group and the freedom caucus. why is that? eric: the hope is forgetting the reality of the last time this happened. remember when obama and his party controlled congress in 2009, they passed obamacare, it took a lot longer, six months plus to have that legislation make its way through and be signed into law. these are very complex pieces of legislation, a lot of different interest groups, members hearing from a lot of people, but what makes a difference is to have the white house. in the end, that is what you will see his president trump will own this bill, own this process. they will get it to the goal line. david: you have been out. y

i am david gura.ump touts his spending plan, industries are trying to figure out how much money they need or what they want for upgrades and repairs. the estimated it to be nearly $100 billion for capital projects over the next five years. according to a new study that represents airport owners, that is 32% higher than the last estimate in 2015. columbus,th us from ohio, to talk about the report. i gather timing is not coincidence. mark: no, it comes out every two years. they do a survey of airports and what their infrastructure needs are, but clearly, this comes out now and then attempt to get on the trump administration's radar. airports definitely want to take advantage of whatever piece of the trillion dollar infrastructure plan the president is talking about. havee also looking to congress increase the fees airports can charge to raise money for infrastructure projects. there is the charge on tickets that can be used for these kind of projects and airports want to see higher fees and the airlines

we will hear from him in an exclusive interview with david gura. this is bloomberg. scarlet: "what'd you miss?" trumpriday, president welcomed german chancellor angela merkel to the white house. part of the visit included a talk on workplace issues. among those in attendance were u.s. and german executives, including salesforce ceo marc benioff. david gura spoke with him on the phone and asked why it's so important to speak with him directly. >> it was very important for me to go to the white house. i care very deeply about the workforce of the future and what it looks like and i wanted to make sure my views were known and i have this vision of a movie shot -- 5 million apprenticeships in the united states and i wanted to make that crystal clear why a thought it was so important. a company like siemens has done a lot with apprenticeships. why has it not caught on in the u.s.? >> what a great question that is. i've done a lot of research on that. not just germany but switzerland as well, they have these the nominal apprenticeship programs and there's very little dayli

hidalgo spoke with david gura in new york city. the mayor about the forthcoming french elections. >> as far as marine le pen is concerned, she is the extreme right. a party i consider dangerous for our republic. and i am not the only one that feels that way. has itsa party that opposition history ever since it was created in 1972. we have to get together to beat her. we have the possibility to do so two-round have a election and i think our democratic forces will manage to avoid this catastrophe for our country. europeans.shock for brexit was a shock also, if you remember, the mayor of london was very forward moving in expressing his opposition to , we decidedn paris to play the card that we had, that of competition. now theas to be met financial center of europe. -- harris has to be the financial center of europe. anna: speaking to david gura, our colleague from new york. let's talk about what is happening in european bond markets. peter chadwell is still with us. the bond markets this morning. 0.4%, the yield on the german tenure

scarlet: that was chicago mayor rahm emanuel with david gura at the nasdaq.s take a deep dive into the bloomberg. you can find this chart and all the charts we look at using the function at the bottom of your screen. let's look at relative valuations between s&p and emerging markets. in the immediate wake of the election we saw the s&p do really well, emerging markets sold off. emerging markets have come back quite nicely. we have done fantastically lately. but they continue to be undervalued. this shows this measure forward pe for the emerging markets shows people are still paying quite a bit for the s&p. theoretically more room for em. to talk more about this, i want to bring in our guest who made this chart, a strategist here at bloomberg. we had a pretty surprising extraordinary em run. does this chart suggests it has more room to go? >> i think so. as you can see, we are basically at the top. certainly against the s&p, but think it was a very compelling valuation argument. it is compounded by the fact that you actually look at em earnings themselves. the

. ♪ scarlet: david gura spoke with wilbur ross earlier today.whether the white house plans to work within the confines of the world trade organization. >> the world trade organization been in being for a long time, and there is modernization needed on some of there processes. also, their mindset. if you read their annual report, it describes almost universally anything by way of countervailing duties or any sort of trade remedy as protectionist. it does not talk of some of the ideas that the reason there are more trade cases is that there are more countries practicing violative behavior. so i think their attitude, their mindset could use a little refinement. david: we are expecting a review of china's market economy status in a few days. what can we expect from that review? wilbur: i don't think it is quite that the wto will review it. what it is is china has brought an action seeking to be granted normal market status. they brought two litigations, one against the u.s., one against the you, and the one they are propelling foard the most is the

. ♪ from bloomberg in washington dc, i am david gura.icso bloomberg with a focus on politics and policy during president trump's first 100 days in office. hate -- a rate hike in president trump is ready to unveil his first budget. we speak with former federal -- federal vice chair. and then fired by the trump administration before for and mr.'s and for refusing to hand in his resignation. coming up, my conversation with a former director into the caa -- ca -- into the caa. president trump held a listening session on health care white house. lawmakers

coming up later today, david gura in conversation.t a perfect time to speak to the former vice chairman of the federal reserve system. but really, what a great time to talk to alice about the cbo and the health care debate. worldwide, this is bloomberg. ♪ willchancellor merkel visit washington. look for that tomorrow as she visits with president trump. the backdrop, domestically, within washington is the debate over the nation's health care. kevin cirilli will join us in 30 minutes. right now, let's get to the first word news. >> russia's president may meet july's summitp at in germany according to a kremlin spokesperson who spoke to cnn. russia has no plans to raise issues to ease the economic sanders -- economic sanctions. possibility for the of a no deal brexit. prepare to take the u.k. out of agreement rather than accept a bad web. any to plan for the consequences. may has promised to trigger a formal departure this month. presidential alice after the highest court removed her from office. she may have to defend herself over charg

. ♪ david: for from bloomberg world headquarters in new york, i'm david gura.litics and policy in trump's first 100 days. hikearket prices in a rate as the fed starts its meeting in washington but the question is will the central bank accelerates timetable for raising rates later this year? tosident trump's plan replace a obamacare would result in 24 million people losing their insurance but it would slash the deficit by $337 billion, so how likely is the bill to pass and what would it mean for the economy? we will ask robert reischauer. and president trump is asked affected to take a trip to detroit. the congressional budget office released its core of the

i and david gura. welcome to bloomberg markets with a focus on policies.on the top stories we are watching. republicans and bill their plan to repeal and replace the affordable care act. an attempt to appease different factors within the gop. the latest them a craddick and republican reaction coming up later this hour. to talk about trade. report on of a new the future of trade in the asia pacific reason. almost 100 billion dollars is needed for capital projects over the next five years and they can only paper about half of it on their own. the report comes as president trump calls for $1 billion worth of infrastructure improvements. ♪ david:

i am david gura. markets" with a focus on progress and policy during trump's first 100 days in office. the ceo of the cleveland clinic joins us. perspective on the health care act, what it could mean for the cleveland clinic, it's ctors, and of course, patients. i will sit down with the ceo of molina healthcare, just out of a meeting with the president of the united states. what he told the president about regulation. ♪ david: after 18 hours of debate votes,oesn't partyline the gop health care plan cleared its first hill as it was pushed out of the house and ways and means committee before dawn.

bloomberg's david gura spoke with michael hayden and asked how confident he is that any evidence willcome to light. >> i am confident we will know by monday of next week that there is no evidence. my instincts are really, really powerful on this. i know how this works. i know how you get a fisa, how the government gives authority to listen in on the phone calls of a u.s. person, and none of those things are suggested by what the president tweeted out about 10 days ago. it just doesn't happen that way. the president hasn't had the authority to order such a thing for about 40 years. you have to go to a court, and there is no evidence that happened, he comes the guy who would have gone to the court have said they did not do that. if it didn't happen and there is no evidence that happen, what should the consequences be as you see it for the president come yes, but the consequence of the allegation on the intelligence community? >> we have party suffered a lot of damage because intelligence community knows it is already not true, and so it is one more log on that fire that seems to have be

what's it is 1:00 in washington, from bloomberg world headquarters, i am david gura. .elcome to bloomberg trump's first 100 days in office. the top stories we're watching. demise of gop obamacare repeal. lead to aattle could government shutdown. ford motor company investing $1.2 billion in three michigan factories. it has earned the company praise from president trump. it has been in the works for a while with the united workers association. president trump making steps to lessen the coal industry. he is expected to sign order to reverse his predecessor's border. some analysts question if it will lead to new jobs in coal country. alix steel will speak to continental resources, the president, jack stark, coming up. ♪

i'm david gura. julie hyman is here with the latest market check.ulie: relatively light volume here on this snow day. volume running about 13% below the 20-day moving average for the s&p 500. the dow is doing the least poorly of the major averages. there are three interesting reasons why. analyst calls on walmart, nike, and disney. bankrt being added to the of america 100 focus list. nike's price target being raised at credit suisse. analysts saying the market share losses should moderate. disney being upgraded to a buy at guggenheim, talking about a robust content and park cycle for the company. 500 forook at the s&p wh energy is the worst performing grp. industrials, materials. am only group that is higher only slightly, is consumer discretionary. oil prices falling again today on saudi arabia's revelation that it has moderated its production cuts. below $48 a barrel. natural gas also falling surprisingly, given the weather in the northeast. because it is not as bad as expected, that seems to be what is sending a lower. david: thank you, julie hym

services committee barney frank discusses immigration, trade, regulation, and tax reform with our own david gura. and we hear from kurt simon, chairman of mergers and acquisitions. the man behind some of the most notable deals right now, including yahoos sale to verizon, and the at&t acquisition of time warner. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. time for our latest bloomberg business flash. deal in europe today will create the continent's second-largest automaker. peugeot in situ and have agreed to buy general motors opel and vauxhall brands. bloomberg spoke with the gm president. here has done a tremendous job in the last four or five years. profitable been possibl last year except for brexit. we have significantly improve the bottom line. for the business to go to the next level, we need to get more scale here. that is what this transaction is about. kkr and company has raised $13.9 billion for its latest private equity fund, the most ever raised or a buyout pool focused on north america. most of the money comes from outside investors. kkr added $1.4 bi

i am david gura, welcome to bloomberg markets, the focus on the first 100 days in office.s we are watching. president trump is warning house republicans they could lose their seats in midterm elections if they do not support his bill to replace obamacare. we would hear from two different lawmakers, one who supports and one who is skeptical. you are looking at a live shot. neil gorsuch, he has made no promises on how he would rule on cases. he is facing opposition from democrats in his second of confirmation hearings. new restrictions of people flying to the u.s. in the middle east and north africa. they will have to store their devices in jet baggage. how that could affect the airline industry. ♪ david: president trump warned house republicans and a closed-door meeting many could lose their seats in the 2018 midterm elections if they n

i am david gura. we are moments away from a news conference in berlin.erman finance minister wolfgang schauble and the u.s. treasury secretary steve mnuchin speak. as we wait for that to begin, let's check first word news with mark crumpton. crumpton: david, take it. the way has been paid for theresa may to formally start the process of leaving the european union. canthe prime minister choose when she wants to invoke article 50 of the lisbon treaty, which would begin the two-year exit process. authorities say one person was injured by a letter bomb at the international monetary fund's offices in paris. another, there was a report a package containing explosives have been mailed to germany's finance minister. officials in southern france say an arm 16 year old high school student has been arrested after a shooting in a school that left at least three will get. police are -- wounded. police are looking for a possible second shooter. police shootings are -- school shootings are rare in france. israeli prime minister benjamin netanyahu is promising to keep h

jon: that was bill gross speaking to tom keene and david gura.eport cannot 10 minutes ago. on theficant upside headline number 235,000. the estimate, 200,000. the unemployment rate came in. that's a little lower to 4.7%. average hourly earnings. month on month coming in a little softer than expected at 0.2%. market reaction as follows, i did -- up one half of one percentage point. the dollar to skim off session highs. the margin. on ninth street is a decline, treasuries yield higher for the first time. coming up, a conversation with mohamed el-erian. we get his reaction to the payrolls report. and the wife of gary cohn. from new york city, you are watching bloomberg, ♪ next coming up in the hour, gary cohn with his reaction to the jobs report. ♪ from new york city on this payrolls friday, the numbers as follow. 235,000. 0.e forecast, 200,00 we come down to 4.8%. a little softer than expected month on month. it really is a bit of a no drama report. you want to bring in mohamed el-erian. great to have you with us on the program to get your insight.

david gura, what do you got?s meeting taking place -- i was at the press conference with the u.s. press -- with steve mnuchin. i decided to look at imports minus exports. downwardhis really trend starting after the financial crisis. there is more room for that to go down and you can find that chart -- what i thought was fascinating, wolfgang talking about the complexity of navigating and negotiating these bilateral deals with the european union. mark: both relevant, both presented absolutely brilliantly, both created -- david, by playing to merkel and plain to me and plain to trump -- by the smallest margin, i'm going for gora today. >> what happens if we have a split decision? mark: it goes to the gallery. julie: i am going to go with dani. chartart is the scarier talking about the mean reversion. what does the gallery say? mark: what is the gallery saying denmark david is the winner -- what is the gallery saying? david is the winner. >> hopefully that does not play out in the real bracket. [laughter] julie: tha

that was barney frank speaking with david gura. scarlet: president trump has signed a new travel ban. will it withstand legal challenges? we will be speaking to the top expert, alan dershowitz from harvard law school. this is bloomberg. ♪ scarlet: this is bloomberg markets. this is scarlet fu. julie: i'm julie hyman. we have more on president trump's new travel ban. theting this picture of president signing the executive order in private. in public, rex tillerson and jeff sessions and homeland security secretary john kelly took center stage to explain the order. >> protecting the nation from a foreign terrorist entity is vital to strengthening national security. at thelet's go to kevin white house. as we have been talking about today, this was a very different playbook for the president. kevin: it was night and day when you compare it with the original executive order rollout. of course, that was brought out and president trump really embracing it. this time around, he was nowhere to be found in did not make any public comments abo

david gura spoke with anne hidalgo.ng toi am speeches, butp's his words are not sufficient to stop this process, which is an important process. citizens are in favor of this. mark: the largest maker of swiss watchmaker's is rebounding u.s. and european markets. plus, a seat demand -- they see demand from rival watchmakers. their slump may be ending. the second round of job cuts at gopro. they are eliminating about 274 times of open positions out of the workforce at 1600. they fired 15% of employees. they have gone from being a high to accompany maker undercut by cheaper asian rivals. it is time for our bloomberg quick takes to provide context and backgrounds of interest. the athletic departments bring in north of $100 million annually, almost entirely from men's basketball and football. it is causing an arms race in spending. show, are beginning to financial and legal. they are undermining the $13 million -- $13 billion industry. there is where you got they are outstripping schools. texas and alabama can afford to live

this is bloomberg. ♪ david: i'm david gura, this is bloomberg markets, trumps first hundred days.irst alert news this afternoon. mark: paul ryan says there is no smoking gun time members of the .rump team to russian officials no evidence that anybody in the trump campaign or trump team was involved in any of this. with nobeen presented evidence they meddled in the election. mark: and if jeff sessions becomes subject of a justice department investigation into tosia's alleged connection the campaign, he should recuse himself. as al qaedas such and exotic state is expected to grow because of instability in parts of the middle east and asia. speaking at an aviation summit, former deputy director of the cia says the focus on fighting the islamic state has allowed al qaeda and its offshoots to rebound in countries including yemen and afghanistan. as the islamic state was his territory in syria, the tens of board and from other countries will leave and some will try to infiltrate the united states. egypt's top appeals court has acquitted mubarak on charges of killing protesters in the up

bloomberg's david gura spoke to former house majority leader eric cantor.s asked if this version of the bill is in keeping with the promises the gop made. day, thisend of the is repealing obama care. it is shifting the direction. to prioritize bringing down the cost. more people can have access to it. you do that through free market mechanisms and consumer participated -- participation and getting the government out care systemhealth is. >> they have their say. why go about it this way? >> when you're in a situation thisthis and producing complex piece of legislation, having to take everybody's views and the consideration, there is a tendency for people to say, i want perfect. and this is how we should be doing it. a lot of people would say, fine. but in reality, you deal with what is before you. before you is this monstrosity of obama care that has created a huge presence of government in the health care situation. peel that back and take the first step is what this bill is about. andhave heard paul ryan others say and marsha blackburn indicate this is the

he will be with us on bloomberg surveillance on radio with david gura.at to have will about her on. -- willim buiter on. jon: the trump administration lays out a budget with that cuts to the state department and new resources to fund the fed. the fed anticipates a rate hike. chair yellen says her trigger finger might be getting a little itchy and a setback for populism in the netherlands. the euro slides and the france bond gains. good morning to our viewers worldwide. welcome on this thursday, march 16. i am jonathan ferro alongside alix steel and david westin. walk us through what a skinny budget is. david: we got a look at it. a huge shift for things like epa and state department. these are more radical. it seems like a political document fundamentally. a of republicans say it is that on arrival. .lix: you were there but a lot of what they are cutting is what the rust belt council on. the rust belt voted for president tr

i went with you because if i don't, david gura won't talk to me. scarlet: for professional reasons you would with unc. tom: i would with unc and purdue because of our wonderful executive producer. people happy.keep i was going to go with a blue theme. let me do a data check. get off of basketball. scarlet has been watching the bonds. the curve flattening at 119 basis points. the dow launches back toward the 21,000-level as well. we will continue. good perspective with joe weisenthal. all of that coming up on bloomberg radio, bloomberg ."levision, "the fed decides ♪ joining us now is bloomberg executive scarlet: editor, joe weisenthal, and carl riccadonna. generally, the fomc rate decision has come and gone -- 25 basis point increase, as expected. janet yellen answered a couple of questions. i thought it was interesting that we have a definition now of gradual -- three interest rate increases for the year, give or take one. ?hat was your takeaway, joe joe weisenthal: it is interesting look at the market reaction the widespread of the relative someti

i am david gura, this is bloomberg. ♪ ♪ yousef: ready to lead again, trump told lawmakers, investors voters it is time to rebuild the united states. we take a closer look at what it means for the middle east. america, higher american, a simple slogan, but it is economical with details. yousef: the fed is making headlines today that the chances of a rate hike are rising as officials expressed confidence. shery: moore signs of stability in china. th

tom: talking with david gura yesterday, folks, about how much we are reading on the nation's health carehis michael cannon. for decades at the cato institute, he has been definitive on the european tack of the markets fixing our broken medical system. he joins us today after a scathing essay a few days ago tearing apart gop care. with us as well, willem buiter of citigroup. mr. cannon, congratulations on the impact you have had. , laurenast 24 hours fiedler says 15 million people will go off the rolls. do you agree echo michael: i do not think it will be 15 million people. if you look at those enrolled in medicaid expansion, a lot of them were eligible before, care -- before obamacare past. regulation,l the which will cause the premium to plummet for the vast majority of isple in the exchanges, that why the bill is so inadequate. it is not repeal those regulations. those regulations are destabilizing in the market, and they will cost 43,000 tennessee residents their coverage. these are people with cancer and expects of -- and expensive conditions. tom: within your note, you take eastern

david gura sits down with the conversation with eric cantor at 1:00 p.m. new york.orning before and analyst meeting. they announced their fourth-quarter adjusted etf will, $.30 to $.35 a share versus their estimate of $.47. joining us from the phone is tigers financial in these -- investment officer. were these a surprise? >> yes, especially in light of what has been strongest are confident, expectations for a very strong auto market, and overall good momentum in auto sales from last year. alix: what is interesting with some of the headlines they wound up talking about, lower volume, unfavorable exchange, higher them, what has changed for since november? not understand why they are pointing to those items when they were known in november so that is catching everybody by surprise. alix: what does that mean for the broader auto industry, is this for the specific or the industry? ivan: everybody else seems to be doing well and recording record earnings. gm sales are strong. this is a little surprising for ford, especially with the popularity of the f-150 and the feelin

it my conversation with olivia andchard with david gura professor blanchard a bit later on televisionul interview with john cryan. that was absolutely superb. we will leave you now with the beautiful view, a beautiful view, i say, of new york. it is frigid. it has been positively winter. stay with us worldwide. this is bloomberg. ♪ jon: the notion of being stuck plunges. the ceo appears to have a new strategy. gives a nod to marcus. thepresident accuses th ex-president of wiretapping. from new york city, for our viewers worldwide, this is " : america's." i am jonathan ferro along with david westin and alix steel. david: i don't know how we will get tax reform or obamacare. alix: how does this relate to the market stucco you have the vix that is down today. jon: i wonder, you wake up this morning and try to treat the

david: it's 1:00 in washington -- from in london bloomberg world headquarters in new york, i'm david gura. and policyn politics during president trump's first hundred days in office. here are the top stories we're watching in this hour. president trump expected to sign trade executive orders later this hour. more from my interview with commerce secretary wilbur ross. we will be speaking live with carlos gutierrez that got back from china. what is it stake with president trump chinese counterpart next week? president trump says he is ready to fight the conservative house freedom caucus. it could bring down the gop agenda. paul ryan says he shares the president's frustration as republicans examine the path forward for taxes and health care. we will examine that in washington. michael flynn should seek immunity from prosecution, calling investigations between the russian government and the administration a witchhunt. adam schiff says he will discuss the flynn request with the senate committee and the department of justice. ♪ later today, president trump is set to order a comp are hence of st

david gura is off today. are on the top stories we're watching.lican leaders are not confident they have enough votes. a live shot of the house floor right now. house speaker paul ryan is meeting with the president at the white house right now. pimm: a white house press secretary expected he of his daily briefing any minute. we will give you his comments on the latest health care proposal and repeal. we will find out more. that is all coming up. >> they will sleep with former ceo ronald williams. flawed inamacare is the exchanges are unsustainable. ♪ pimm: hello and welcome. gop leaders are not confident they have enough votes to pass their elf care reform bill. house speaker paul ryan now at the white house briefing president donald trump on the health bill, reportedly telling the president i don't have enough votes for the health care bill to pass. what happens if the legislation fails? it is ryan who can be left holding the bag. here are the latest is our chief washington correspondent kevin cirilli on capitol hill. -- kevin, this is tell us wh