i don't know if you've been quoted as having qualms about what happened to him did work on david kelly home address utilities and so forth and it was several days later that rufford famously turned up at the kelly's room residence i think it's on the record that it was a great shock to the family. and curiously two days later he was found with his wrists slit and the inquiry seems suggest that he was incapable of cutting state with his. weak wrists a my theories about the david kelly. remain open i'm just ashamed at some level i may be complicit in in his death. joe ford thank you thank you very much. well from surveilling those who brought us the iraq war let's turn to attempts to alleviate that was catastrophic consequences through literally taking voltages advice to cultivate a garden i'm joined now by kerry perkins the director of operations and cultural anthropology at the lemon tree trust it's an organization that has put the world's worst refugee crisis center stage of the garden at this year's chilled sea flower show in london thanks for going and going on to tell me about the

i don't know if you've been quoted as having qualms about what happened to him i did work on david kelly home address utilities and so forth and it was several days later that rufford famously turned up at the kellys room residence i think it's on the record it was a great shock to the family. and curiously two days later he was found with his wrists slit and the inquiry seems suggest that he was incapable of cutting state with his. weak wrists a my theories about the david kelly mass remain open i'm just ashamed of thought at some level i may be complicit in in his death. joe ford thank you thank you very much. well from surveilling those who brought us the iraq war let's turn to attempts to alleviate that was catastrophic consequences through literally taking voltages advice to cultivate a garden i'm joined now by kerry perkins the director of operations and cultural anthropology at the lemon tree trust it's an organization that has put the world's worst refugee crisis center stage in a garden of this year is chilled see flower show in london thanks for going and going on to tell me ab

i don't know if you've been quoted as having qualms about what happened to him i did work on david kelly's home address utilities and so forth and it was several days later that rufford famously turned up at the kelly's room residence i think it's on the record that it was a great shock to the family. and curiously two days later he was found with his wrists slit and the inquiry seems suggest that he was incapable of cutting state with his. weak wrists a my theories about the david kelly. remain open i'm just ashamed of thought at some level i may be complicit in in his death. joe ford thank you thank you very much. well from surveilling those who brought us the iraq war let's turn to attempts to alleviate that was catastrophic consequences through literally taking voltages advice to cultivate a garden i'm joined now by kerry perkins the director of operations and cultural anthropology at the lemon tree trust it's an organization that has put the world's worst refugee crisis center stage of the garden at this year's chelsea flower show in london thanks for going and going on to tell me abo

we will discuss with david kelly from jp morgan. live from new york and washington, this is bloomberg. ♪ alix: u.s. yield curve flattest in more than a decade. the spread is on the lowest since 2007. take a look at this terminal here. at this rate of speed to the decline, you could see an by september. joining us from massachusetts is david kelly, j.p. morgan asset chief strategist. what do you think? i am not freaking out about it. i do think we will see more movement upwards also. remember that the federal reserve is increasing its bond sales and reducing the balance sheet. the ecb will get out of the business of buying long-term bonds. i expect the 10 year yield could rise to about 3.5% by the end of the year. that may avoid complete inversion. but if we get inversion, it won't mean anything. inversion used to be a very worrying sign for the economy, but this is basically a broken barometer. we have never had central banks so active at the long end of the bond market. it doesn't tell us what it used to. alix: yesterday's 30 year

the daily mail and other newspapers is that anyone who questions why the ministry of defense is david kellydied is considered a conspiracy case you've written a book on it is again in the news because of another book on it you still think there are unanswered questions yet he was the u.n. weapons inspector and he had severe doubts about the fact that the government was using intelligence in a way that was designed to produce political advantage in other words he was checking out the door to dodgy dossier in two thousand and three just it was a case of weapons of mass destruction with saddam hussein when there were no such weapons and david kelly had doubts about that so i don't of course he was found dead in suspicious circumstances in the wooden box which are by the way fifteen years on has been no one questions about death which is a appalling indictment of how this all the pages will eventually be released but on the other hand you are in favor of the establishment of you over the script palls the disappearance i should say now so again scripts while we've been trying to get hold of them

. >> reporter: david kelly says he filed a missing persons report with police after confirming with keith's father that he never made it home saturday night. their hearts dropped when they learned he was found in his tesla model s pulled from a pond in castro valley alone crow canyon road. >> i just want more details on what happened. i am just really scared and shocked. >> reporter: the pond was along his route home from the performance. the chp says a property owner reported his fans have been damaged by a vehicle and investigators were able to determine that the tesla had plunged into a pond. dive team from the alameda county sheriff's department was deployed. >> we have never dealt with a submerged electric car like that before. we did take precautions. we made the proper phone calls to make sure we were okay when we touched the car and that our drivers were safe. >> reporter: friends have known son nguyen since -- friends have known keith and describe him as responsible and safety minded. >> on saturday i took a ride in his car. he did great and was careful. >> reporter: friends say he

joining us kate warren and david kelly. cleerld, david, people are feeling more cautious.s it because of rising interest rates? is there really reason to worry from this point ahead of this fed meeting? >> i don't want think that's what it is i think people were shaken by the volatility this the first quarter and the other thin that's going on is pea are trying to figure out what are they supposed to do with stocks when you have extraordinary earnings numbers but it's hard to see earnings growth from 2019 and on. i think eventually investors will get comfortable with the idea of investing in stocks that are generating a lot of cash but not necessarily generating growing cash inthey will move back in right now, i think they are a little bit confused and a little bit nervous about volatility. >> there is some sign kate that companies are starting to warn approximate rising input costs and inflation. and assistance this is something that people who did except the fed to be more aggressive are worried about. do you think it is a cause for concern for investors? >> no. i think

. >> his friend, david kelly, said he filed a missing persons report with police after confirming with keith de leon's father keith de leon never made it home that night. friends say their hearts sunk when they learned keith de leon was in his mangled tesla model s when it was pulled from a pond. >> i want more details on what happened. >> i am scared and shocked. >> reporter: the pond was alone keith de leon's home from his performance. the chp says a property owner reported that his fans have been damaged by a vehicle and investigators were able to determine that the tesla had plunged into a pond. a dive team from the alameda county sheriff's department was deployed to extricate it. >> we have never dealt with a submerged electric car like that before. we did take some precautions. we made the proper phone calls to make sure we were okay and that when we touched the car that our divers were safe. >> reporter: friends say they have known keith de leon since they were members of the uc berkeley band. they have no idea how this could've happened, describing him as responsible and safety

. >> friend david kelly said he filed a missing person report, after confirming in danville that keith never made it home saturday night. friends say their hearts zhang when they learned that he was found in his car, pulled from a pond. >> i just want more details. like what actually happened. yeah. no other questions. just really scared and shocked. >> the pond was along his route home from his performance. the chp says a property owner reported that his fence had been damaged by a vehicle and investigators were able to determine that the tesla had plunged into amur a pond. a dive team was deployed to extricate it. >> we have never dealt with a submerged car like that before. but we did take some precautions. we did make the proper phone calls to make sure that we are okay. when we touched the car, our divers were safe. >> friends say they have known leon since they were members of the uc berkeley band. they have no idea how this could have happened. describing him as responsible and safety minded. >> on saturday, i actually did take a ride in his car, and he was a great, careful. >>

david. >> kelly o'donnell at the white house, thank you very much.ore on the new developments in the financial dealings of president trump's former attorney michael cohen. let's go back to 2014 if we could hear. that's when cohen made $32 million in cash when he sold four manhattan properties. that's what mcclatchy first reported. that's three times what he paid for those properties a few years early and it was way above what their assessed value was at the time. after making millions, michael cohen for some reason borrowed money to make that hush payment to stormy daniels. and we know know art novartis a paid michael cohen. i'm going to pause here to note that that stormy daniels payment was also denied out of the gate at one point. last year cohen was also paid half a million dollars by columbus nova, a company with ties to viktor vekselberg. josh, let me start with you. we've seen the role that michael cohen played in washington, d.c., the relationship he developed and fosters with these companies. i want to get a sense how outside the norm that i

. >> this white house staffer, david, kelly sadler who made these ugly comments in a private meeting,t was a joke, does she believe that if she apologized privately to the daughter but she hasn't done so publicly. is she afraid if she were to apologize publicly she would lose her job? >> i don't know, wolf. if the reporting is correct that she told megan mccain she was going to apologize publicly and since hasn't done it and the story has continued for the last several days it suggests that, yes, she's caught in this decision where she either has to apologize publicly and get a clear sort of slate on this versus keep her job at the white house. if that is the case, it's unfortunate because she's making a choice that's going to keep her boxed in. >> the president doesn't like apologies. >> no. and if he had wanted her to apologize, she would've apologized. it's very clear the president didn't want this to happen but can i remind everybody of michael wolff's book, fire and fury, whatever it was called, that full of leaks actually on the record leaks, many of them, and, you know, the pre

charles: fox news political contributor, tammy bruce, and fox news contributor, david webb. kelly, let me start with you. that was another rousing speech in the heartland, the crowds are going crazy. but what i like about this as opposed to the runup to the election, there are some bona fide achievements we all should clear. >> this was a huge week for america and really for around the world. i have to say, a lot of people were doubting trump's north korea policy. calling him little rocket man. instead we welcomed three americans back home. i'm thinking maybe he wants to do the same thing with iran. we have half a dozen americans imprisoned in iran. maybe he can go with murderous mullahs. we joke about the names, but there always seriousness behind it and it seems to have worked. charles: sleepy joe donnelly. president trump aiming at number his home state and taking him on. there is a sense that there is optimism for republicans that few people thought was out there. tammy: it was optimism that elected donald trump. middle america who knew america could be great again. they knew

attorney patrick fitzgerald and david kelly. >> did the inspector general interview you about your handling >> yes. has already. i expect a report from them not on the handling of classified information, that's frivolous, but did i comply with policy and my employment agreement? >> mccabe told the inspector general he believes comey is being investigated as a liar on those matters. >> bill: new information about this columbia professor did some work on behalf of james comey at the f.b.i. what do you have on that? >> according to documents reviewed by fox news the columbia law professor director comey used to help leak at least one memo to the media worked as a special government employee for 18 months and during that same time period he also appeared in the media to defend comey's handling of the clinton email case. records reviewed show daniel richman began working as a special government employee or sge as early as june 30th, 2015. he left the position according to comey in february of 2017. f.b.i. records reviewed by fox also show richman's responsibilities included terrorist communicati

the lead this morning until these questions all came out late last night is chief-of-staff, david, john kellys called the president a quote, idiot on multiple occasions. nbc cites four people, four officials who say they witnessed the comments, not just they heard them secondhand. he calls this story b.s. now what? >> i just have to say the president's allies are using "the national enquirer" to go after his enemies which is a pretty sort of starling development for the presidency. very 2018 infinity. with mr. kelly, the reporting is thorough and i think the reporting is solid. it's a very convenient story for kelly's enemies inside the white house if you want to get rid of him. trump does not like disloyalty, we know from the rex tillerson affair he does not like being called names and having his intelligence questioned. so this is the kind of thing that if you heard mr. kelly talk about this and say things like this, you want to make sure the story gets out because as with everybody else who sort of goes through the gris mill of the white house comes in squeaky clean and ends up coming out

. >> by panel to discuss david nelson. kevin kelly, melissa, and stock.elissa, what do you think, you are big on momentum carrying us through. what do you make of last two sessions, resolve, climbing off 20200 point down sessions. >> i heard what you said last night, i agree, i am surprised today, we closed negative, i will give you that, we may break out of this range, you are convincing me. charles: gym eating to you -- i'm getting to you. >> you have to watch this closely as we do, you have to be impressed that market does turn. you have to be frustrated that fundamentals seem to play less of a role in the market day-to-day. >> like you said there are winners and losers, i am going to retail rhe real estate up ov% since macy's reported earning says that foot traffic is up. look at lululemon touching a 52-week high, they do not have their management straight but consumers are spending money. you want to get to retail real estate. charles: and a nice dividend. >> you get a 5% dividend, it is really bottomed out after last couple of years, debt by e-comme

example it does impact >> all right that'll do it for me over here over to kelly for part two of the "closing bell. >> thank you, davidy evans, sto stocks going out with a decline, dow dropping 55 points r and the s&p, and, by the way, dow and nasdaq down a quarter of 1%, and tenth 6 a percent drop for the s&p, shedding two points, 2720 there, and russell 2,000 with a half percent gain of nearly 9 points, 1625 puts the small caps at an all-time high. it's been a remarkable couple days and run for them bolstered by the strong dollar, up again a little bit today we'll talk about that today, move in interest rates, trade stuff everyone was talking about, and we have a pair of big names reporting earnings after hours today. josh lipton covering applied materials and results from nordstrom when they cross. see you in minutes joining me now is michael santoli and stefanie link, managering director, and barbara, senior portfolio manager at yorkbridge wealth partners, welcome, everybody >>> topping the dow was coca-cola today. more on that later in the program, and costco trailed, but the rival is going to file to go public >

kelly o'connell joins us from the white house. van pop kin has been pouring over these documents, and "washington post" political reporter and msnbc political analyst david parent hold. >> kelly, the white house has said about the payments in the past -- let's just take a look. >> did you know about the spo$,000 payment to stormy daniels? >> do you know. >> do you know where he got the money to make that payment? >> no, i don't know. >> which would seem to contradict. >> conversations with the president. as i outlined earlier this this case has already been won in arbitration and that there was no knowledge of any payments from the president, and he has denied all of these allegations. >> so some of these statements in the past seem to contradict that we saw today in the financial disclosure documents. anything from the white house yet? >> anything on this specifically. we have seen the story change from the president and his spokeswoman, sarah sanders over time. and then his attorney, rudy giuliani, personal attorney on the outside of the white house, has said that the president learned about the payment that he made through reimbursements to his lawyer

david: joining us is jason kelly. we have to get back to paul singer. getting back to that. hat are we seeing? jason: we are seeing a lot from paul singer and elliott. we are seeing a lot of activism. icon and others -- paul icon and others. -- paul ichan and others. >> we tend to be more conservative than many of our competitors. during the financial crisis, we were not one of the banks that created concerns in the industry. there are some markets that we are concerned about. andave pulled back in off now we will grow our business again. we are looking at this -- and you taught me this. we are looking at loan officers. the growth rate has come down. now it is coming back. jason: it is interesting to note what he is more interested about , and that is commercial real estate. it is no huge surprise. it is if wells fargo is concerned about that, people should be. alix: is it not enough demand or are they getting money in different places? something to watch as well. , stacy a new head cunningham. jason: it is a big move for the nyse. it is one of these places that is very impor

david: thanks to bloomberg's jason kelly on his auspicious return.n, president trump calls robert mueller's investigation a witchhunt in his recent tweet. alix: check out tv , watch us online, check out our charts and graphics. this is bloomberg. ♪ david: this is what i am watching, president trump and the mueller investigation. the president tweeted out -- there was no collusion, it is a hoax and there is no obstruction of justice. that is a set up and trap. there is negotiations going up with north korea over nuclear war, ok she nations going on with china over trade deficits, negotiation's on nafta, and much more. witchhunt. do mueller saying, if you not want to sit down voluntarily, i have subpoena power. alix: there is a difficulty president trump will have with a straight up interview because of his lawyers not having a security clearance. david: this is one of the trickiest things. decide,tricky thing to and right now he has a whole new legal team and they are not cleared for national security issues so they cannot look at the documents. a

david: many thanks to jason kelly.the supreme court term is coming to a close and several decisions are expected in the next few weeks. if you have a bloomberg terminal, check out tv . an erect with us directly. -- interact with us directly. this is bloomberg. ♪ david: the supreme court is coming to an end, which means every monday at 10:00 we get together to see if any of those big decisions have come down that day. we welcome our supreme court reporter to see what is on deck. fittingly, he is at the steps of the supreme court. greg, welcome. it's talk about the big ones, particularly of interest to the business immunity, starting with that union case. >> this is a case involving where the government sector workers can be required to pay for part of the cost of collective representation. in 1997, the supreme court said yes, they can, as long as those fees don't go to political or ideological activities. the court is thinking about overturning that decision which would mean workers have a free-speech right to say i

david: that is pretty good. jason kellying us, executive editor for global television at bloomberg. we covered this story before at a momentous lunch. let's kiss and makeup, did not a great but it looks like it is ok now. >> if you get into the mechanics of the cbs trade, your eyes will cross and he will go down a rabbit hole that you cannot get out of. what he comes down to is the complexity of the cbs market, and candidly, some of the gamesmanship that goes on there. but also, maybe more importantly, life is long on wall street. you have to figure out how to get along. david: life is long and business is a small. >> exactly right. it is interesting, what we saw at the center of this, the other investment firm sued gso, which is part of blackstone. it was interesting reading this. gso and solace are actually on another deal. so, this is show business. [laughter] david: exactly. julia: speaking of messy business, deutsche bank. you have to get your dollars and yen right, those are two big figures that are really messy. >> $

and among other things, i will state that i think it was david schwartz on megyn kelly's show sometime ago that said that michael cohen's job was to be a 24-hour seven day a week fixer for the president to clean things up. you don't need a 24/7 fixer unless you're breaking a lot of things. a breaking a lot of things including a lot of laws, frank? >> let's put this on the financial digs closure in context. there are three scenarios, two of them are really bad for the president and one screams correct -- credulity. the president said he knew michael takes care of such things. scenario number two, the president knew about the payments, knew there were illegalities underlying the payments, money laundering, emoluments clause, fictitious corporations and decided to pay him back anyway, ha makes him an accessory after the fact. number three, he didn't know there were illegalities, he paid him back, he's a conspirator. that makes him in trouble today. >> i'd like to know if you agree with that assessment. add in the "a wrinkle in time" of of rod rosenstein, another ticking time bomb in his i

david: thanks to jason kelly. seeking insight into the presidency.confirms it hired a firm with donald trump's lawyer. alix: on the bloomberg terminal, check out tv . check out our charts and graphics. this is bloomberg. ♪ david: this is what i am watching -- actually, whom i am watching. it turns out he did have another client. it turns out, at&t was a client. to his law firm because they wanted to get insights into the new administration. at&t has a little bit of business in front of the united states government with time warner. let's retain his law firm. alix: is that legal? david: it is not illegal. it is quite a coincidence that he gets a nice retainer from at&t in order to get some insight. antitrust laws. alix: i feel like these stories are so juicy and we like talking about them, but i wonder how it ends up inching toward president trump. pointalliere made the that the cases coming up more for an impeachment scenario versus before. david: if at&t does not take you there, there is another story out that the lawyer for stormy daniels says

david: thank you to jason kelly.g up, one of president trump's most contentious foreign policy projects. the us and the u.s. embassy in jerusalem opens today could what -- more on what i am watching. julia: check out tv up you can watch us online, and interact with us directly and dissent us questions. go to tv on your terminal. it is the place to be. from a new york, this is bloomberg. ♪ i am: this is what watching today. it is jerusalem, not tel aviv. it is opening in about an hour from now. the embassy is the first time in jerusalem. we will show you photos here. .t does not look that new that is because it is the same building the consulate has been in. they have not billed anything -- built anything can steve mnuchin is there, president trump is going to do a video conference. a big deal. julia: this will be many defining moments of the presidency, but this, more than any others will be a pivotal moment in what we have seen with the iran nuclear deal. david: so controversial. this has been talked about

. >> we can say david shulkin, you're never fired. i think kellys they do it out of a sense of duty. although with kelly i get the sense his personal politics are aligned with the president's. i am mostly a news consumer on these issues and there is some level of palace intrigue. i remember for months we got the rex was out, rex is in stories. is there a huge benefit? i think they're true but explain to me what the benefit is of constantly reporting these stories. i'm curious about it but are these the top stories i need to know that this guy might be out? >> let's ask john, this is the chief of staff we're talking about here does that add significant to the reporting like this? >> it does add significants to the reporting like this. you report these dramas when they're there because they do sometimes affect policy, personnel is policy. i think the public does have interest in what's going on there. if it didn't donald trump wouldn't continue to play the apprentice with his staff. >> what about the particular role of kelly, certainly other folks ha

david: that is bloomberg's jason kelly. the turnaround at weight watchers continues.arnings beat estimates on earnings and revenue, and they increase their profit guidance, driven by a 29% jump in subscribers. shares are up 8% now after gaining as much as 20 -- 12% last night. we welcome mindy grossman. i want to pull this up, what the stock price has done since you took over, july 1 of 2017. it is a pretty dramatic story. mindy: the team has done an incredible job of really pursuing the idea of going from the best of weight management, to a more holistic approach to wellness. it is really resonating. we ended the quarter at 4.6 million subscribers, the highest in history. that is one million additional subscribers since first quarter. more important, and what i am really pleased about his retention is now in the higher -- is retention is now higher, which means the engagement is there. david: when you were here last, you were talking about what you were going to do, and it is not just wait, it is lifestyle and health and well-being. does that limit your upside growth

david: many thanks to jason kelly.r marchionne is making some sweeping changes on production. more on what i'm watching next. it's of course cars. alix: i'm watching oil. if you up tv , watch is online and clicked on our charts and graphics. go to tv on your terminal and scroll through. this is bloomberg. ♪ david: ok, surprise, surprise. i'm watching cars and trucks. fiat ceo sergio marchionne, who is retiring this year, has made a big announcement today. basically fiat is largely going to go out of the small passenger vehicle business, which is shocking because it was fiat's hallmark. he's going to go upscale going to suvs and a big fancy expensive car. you can see during his tenure exactly what the stock has done. it has had a nice little run here. alix: when i saw this headline, i was like his is a comment on italy? about carsa comment in general and the automotive industry? david: exactly and you look globally basically and there is a shift away from smaller passenger vehicles and it's a cars and suvs. see

trump and kelly huddled frequently this spring as the president prepared to oust david shulkin trying up with someone to nominate as a successor. at that time the kelly move wasn't brought up as one of the scenarios. however, since the move has been suggested, trump has been intrigued by this idea, according to a source speaking with my colleague, kaitlin collins. if trump asked kelly to go to veterans affairs, several believe he would do so out of a sense of duty but it's hard to say how seriously he was under consideration. sarah sanders told reporters today that kelly was not being considered and kelly and the president are happy with his role as chief of staff. but it appears, as you alluded to, erin, there's no clear leading candidate at this point and that suggests the administration is poised for yet another tumultuous nomination process, even as it tries to learn lessons from the jackson debacle that we saw play out. erin. >> lessons to be learned, but of course, you know, hard to get great people to say yes given the chaos and what they could endure. thank you very much, pam.

david muir. >>> it's great to have you with us to start a new week here. >>> we begin with chief of staff john kelly firing back after a report that he repeatedly called the president an idiot. the nbc report saying kelly said about the president we've got to save him from himself. tonight general kelly now talking about his quote candid and strong relationship with the president adding i am committed to the president. abc's senior white house correspondent cecilia vega leads us off. >> reporter: white house chief of staff john kelly tonight, making a rare public statement to defend his relationship with his boss. it comes after nbc news reported that kelly has repeatedly called president trump "an idiot." in one meeting on immigration, kelly reportedly trash talking the president saying, "he doesn't even understand what daca is. he's an idiot. we've got to save him from himself." nearly immediately, kelly fired back. in a statement he said, "i spend more time with the president than anyone else and we have an incredibly candid and strong relationship. he always knows where i stand and he and i both

that aid kelly sadler tonight is still employed at the white house. david? >> mary bruce, thank you. >>> we're following severe storms at this hour. just as millions prepare to mark mother's day weekend. they move into tonight and tomorrow. for new york city it's round two after last night's lightning storm. fierce winds downing trees in maryland killing a man in virginia. let's get to rob marciano with us live with the new track for us. hey, rob. >> hi, david. active pattern with strong pulses moving quickly. on the radar tonight we've got a severe thunderstorm watch up north of denver. we have rain in michigan. that gets into new york and boston tomorrow morning. another pulse of thunderstorms tomorrow afternoon. another one tomorrow night for chicago. some will pack a punch. wind damage from chicago to pittsburgh to philadelphia. tomorrow late especially. south of that action we're looking at summer-like heat, potential records, with little rock, atlanta and even d.c. toasty one tomorrow, david. >> we want a safe weekend to celebrate moms. rob, thanks to

david chalian, to you. she says that the president and john kelly, all good. you know, he's not up for the v.a. secretary job. bye-bye, nothing to see here. >> obviously there's something to see here. we've been reporting about the deterioration of the relationship. that is worth looking, when the relationship between the chief of staff and the president deteriorat deteriorates. he may not be on the his way out the door. we've gone through this with everyone who has left the trump administration, hanging by a thread and when do they go. they're pushing back on specific words and stories but not on the overall health of the relationship or what his role has been. that is what i think is really important to look at. >> thank you all so much. coming up, more breaking news. the deputy attorney general rod rosenstein speaking out at this event moments ago defending the rule of law under president trump, addressing whether a sitting president can in fact be indicted and saying the department of justice will not be extorted in the face of critics calling for his dismissal. and special counsel bob muel

for more, bern mckinney is here and morgan kelly welcome, guys. david, first to you. we are taking this in stride this morning, and interestingly, interest rates looked like a flight to safety there, and you expect that to be a temporary thing? >> yes, i do when you think of it, it's not that bad an outcome here, no, i don't think kim was ever going to give up the nukes i think that this meeting was always full of danger, and if you're not going to go through with the wedding, don't show up to the altar embarrassment all around and more dangerous i think counting the talks, postponing the talks, we'll see. it's not negative. interesting they rally off anything and stock market gets nerves back, but overall, the picture is still pretty positive one in the u.s i think this is a small bump in the road here. >> do political concerns worry you as a market investor in their own right on only when they impact trade talks they have an effect on the market - >> this is something - >> go ahead, burns >> this is something we'll be facing for quite some time now you know, what we

david. doesn't look like they'll be apologizing despite the fact that meghan mccain said kelly sadler she promised her she would make a public apology. the president called leakers traders and cowards. mind you these are people who work for him and from the president today no mention of john mccain or the smecomments. >> cecelia, thank you. tonight i want to bring in abc's chief medical editor dr. ashton. from what you heard in that report what can we surmise about the first lady's condition. we heard embolization. >> it's not a surgery. it's done by radiologists where they block off part of the blood supply to the kidney. that's done either electively or emergently to stop a benign growth from growing larger. >> when you hear about the five-day stay, the white house didn't let us know in advance which is somewhat out of the normal. this doesn't alarm you? >> no. we watch for bleeding and make sure pain control is adequate. if she stays in the hospital for five days, that's the longest since nancey reagan. >> thank you, dr. ashton. >>> the white house watching the historic move unfold. ivanka trum

what people put on a license plate, but julia is there with david marcus now, facebook's head of messenger, a great guest, julia >> reporter: kelly, thank you so much, and, david, thank you so much for talking with us you just got off the stage where you announced a big redesign of messenger. what is this redesign going to do to your revenue you have augmented reality shopping are they features to generate revenue and profits for the platform >> yeah. you know, the goal was really to simplify the system and make sure that we could actually ensure that messaging was really at the center of everything that people wanted to do, so we simplified the inbox, simplified conversations, and we enabled now people to really, really find what they want much, much faster, and there are a bunch of new things also that we're introducing that the community asked for, simple things like a night mode for messenger >> does it mean more of a platform enabling advertising or transactions to happen on messenger? >> yes we already have advertising inside of messenger's inbox, and this has been rolling out doing quite well right now, and building more c

two of them, john kelly goes to the microphone to affirm what the president is saying, and as he put s it, note how brilliant the administration has been. what do you see there, david? >> it made me wonder, how much longer is john kelly going to be in this job? right -- the next moment after the big hug like that. it makes me wonder as you said, john, with all that reporting about their relationship just how much longer john kelly stays there. but to your first point about the undercutting, john, we got to go back to that interview that rudy giuliani did on fox news, he went on with sean hannity, the friendliest environment, to in his own words what he told reporters afterwards was to implement and execute on a deliberate strategy that this is something he and the president discussed, that he was going to get this information out there, that trump had made the repayment at some point as soon as he saw the opportunity to do so. this is something that was cooked up between the president and rudy giuliani. and that he went with full blessing and then giuliani, remember, reported that the president was very pleased with his performance. this is a complete reversal of t

kelly. ing back in black, guys. everyone was talking friday. trap door, david, people were predicting complete today it laying. >> we were stuck in purgatory. people start to panic and we bought into that each time. we are stuck in there. now we have to break that down. it's -- >> you are referring to these lower highs that keep going. if you draw a line -- >> you have got descending triangle. >> typically that happens and typically it's a major move. >> it's hard to interpret and extrapolate from a technical indicator given the fact that the economy is doing so well. i like to focus on the entire economy. blackstone did a deal with gramercy trust. that's showing something is happening in the real economy on the ware house and industrial side. charles: do you get the sense these companies are bulking up to meet new demand that's coming in. >> jobs are coming back to the united states, manufacturing is coming back to the united states. and the fed is not even worried about oil. the economy is doing well within the consumer is doing well, we are not worried about

kelly, us now is jason bloomberg's chief executive -- jason: wow, chief executive. davided you. executive editor. david einhorn, when does the stubbornness kicked in? jason: i love this story. a fascinating story. he is one of the best-known names in hedge fund land, as you mentioned, not having a great run of it. david: "not a great run"? he is that -16%. end ofdown 25% since the 2014, and yet, he is david einhorn. he has had a pretty spectacular run through his career. the story points out all the ways that people really look at him as one of the smartest guys in the room. he is always among the debt collection of hedge fund managers sharing the best ideas. it ain't working with him right now. david: are investors sticking with him? jason: yes and no. some are come about $3 billion has been pulled out of his firm is of late. some are saying look, this guy has a tried-and-true long-term strategy. he finds values. one of the criticisms has been he wasack in the day, looking at smaller, lesser-known companies. there was less competition. as he got bigger and collected more

the american people have been repeatedly lied to by michael cohen, by david schwartz, the gentlemen that was interviewed by megyn kelly. he lied on this network repeatedly, lied on cnn repeatedly, lied on panels that i was with him repeatedly. they've been lied to by white house spokespeople. and they've been lied to by their president. the president stood on air force one, on videotape. and you had me on that day. i remember it very, very well. you had me on this show, the day that he made that statement, and i told you at the time that it was going to be proven to be false. and now it's been proven to be false. it was proven to be false when mr. giuliani addressed it a week or two ago. and now we also know that mr. giulia giuliani's statements to the american people over the last ten days have also proven to be false. because what he said was, when he was called to the carpet on when the president knew, he claim the president only found out after the statement on air force one this year. we know that not to be true, because according to the financial disclosure, all of these payments were made in 2017. none of them

david. >> reporter: two questions. we've heard a lot about white house aide kelly sadler and her comments about senator mccain reportedly saying in a meeting that the president shouldn't worry about the senator's opposition because he is dying anyway. megan mccain, his daughter wondered allowed today why kelly sadler still has a job here at the white house. does she still have a job? >> i'm not going to comment on an internal staff meeting. >> reporter: president trump said today he still has faith in epa administrator scott pruitt. do you know if he was aware when he said that about these new freedom of information act documents that showed last year administrator pruitt had dinner in rome with a catholic cardinal who was under investigation for child sex abuse. >> i'm not aware of that. i haven't spoken with the president about administrator pruitt today. catherine. >> reporter: following up on kelly sadler's comment, does the white house not feel it needs to condemn these reemarks? >> i'm not going to validate a leak out of an internal staff meeting one way or the other. jonathan. >> reporter: does the president regr

david: i wouldn't be surprised. thank you to jason kelly. depot'sp, home lackluster results. seen as a proxy of the housing market. is housing weaning down? julia: you can watch us online and check on our charge and -- charts and graphics and also send your questions. that is all on tv on your terminal. from new york, this is bloomberg. ♪ david: this is what i am watching. home depot. i like it quite a bit. aey cannot with earnings, and beat on the overall revenue and risk share, but store sales were down. stock was down as a result. we talked with the head -- the ceo of home depot in atlanta a few weeks ago about the home market overall and what that meant for his is the spirit he was very bullish. >> we are very porch net -- -- fortunatemer that the consumer is willing to spend in the home improvement sector. for housing, it has been a tailwind for home depot. if you think about new household formations, we are getting back to $1.2 million, which is a positive for the business compared to where it was in the downturn. seeing money a represent about one third of all new

david shulkin. he'll never say your fired to him. i think kellygenerals who do it out of sense of duty. with kelly i believe his person politics are aligned more with the politics. looid like to ask you and john, i am a news computer on these issues. for months we got the reck wx wn or out stories. explain holme what the huge benefit to the public is? maybe john can explain this to me. are these the top stories that i need to know that this guy might be out? >> let's ask john about that. this is the chief of staff we're talking about here. does that add significance to reporting like this? >> it does. i think you report these thing, tensions, palace dramas when they're there because sometimes they do effect personalities and policy. the public does have some interest in what's going on. if it didn't donald trump wouldn't continue to play the apprentice with his staff. >> what about the particular role of kelly here? donald trump and certainly other folks have been expendable to him. is there anything about what we know what role kelly plays in the

. >> all right, kelly, thank you for that report. >>> joining me now, david kirkpatrick, one of the reporters who broke the latest trump tower story. he is international koeshts for the new york times. i'm curious your response to the president's tweets this morning. it is all about your reporting. he called it a long and boring story. and let me just add i spoke with your colleague and i said yes, takes very long story, but if you could see the way i've marked this thing up, it has yellow highlight everywhere, it has scribbled notes everywhere. anything but boring, that is my opinion. but your reaction to the president. >> he is right, as newspapers go, it is pretty long. but thank you for your attention. i'm glad he is a loyal reader. >> and give us a quick summary who was at the meeting and what did they want specifically with the trump campaign. >> so on the trump side of the meeting was donald trump jr., with him apparently we're told was stephen miller who is now a white house advise person and the guests were erik prince, best san antonio as founder of blackwater that worked in iraq, a

david. >> two questions. we have heard a lot about white house aide kelly sadler and her comments about senator mccain reportedly saying in a meeting the president shouldn't worry about the senator's opposition to the nomination of haspel because he is dying away. megan mccain wondered allowed today why the aide still has a job at the white house. does she still have a job? >> auto aim not going to comment on an internal staffer meeting. >> do you know if he was aware when he said that about the freedom of information documents that showed last year administrator pruitt had dinner in rome with a catholic cardinal who was under investigation for child sex abuse. >> i am not aware of that i haven't spoken with the president about administrator pruitt today. >> does the white house not think you need to condemn these remarks or -- >> i'm not going to validate a leak one way or the other out of of an internal staff meeting. >> are you saying she didn't say this? >> again i'm not going to validate a leak out of an internal staff meeting one way or the other. >> does the president regret what he said during the campai

david ingles. this is bloomberg. ♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: i am jason kellyquarters in new york. carol: coming up in this week's issue, we have the imposters that are hijacking twitter. jason: we have a catch 22 with kim jong-un. carol: and on the cover story, we have an unlikely turnaround in the auto industry. jason: this was unexpected from volvo. carol: i love this story. we got more from our reporter.