i'm david westin.g a fourth television network, he set out to become his own boss and through a series of acquisitions and investments at spinouts, he created iac. and most recently, his company list -- angie's list. -- is generally le here is joey levin. please explain iac. joey: the market cap is a billion dollars. was a company with a $200 $200on market cap -- billion market cap. seed of all of this is an $8 billion company could -- a billion dollar company. expedia is one. expedia has created two public companies -- trip advisor and tree votto -- and trivago. iac, we have what will be two public companies. first is match group. we own 80% of. and then angie's home services. david: that is the most recent, big deal you have announced. home adviser is a successful company and you are doing well, but angie's list has a lot of usage, but it's been losing money. explain how putting those two things together will create something exciting? has a phenomenal business base in operating execution and angie's

i'm david westin.resident trump is meeting with european leaders as part of his overseas trip. kevin cirilli is traveling with the president. he joins us from brussels. on us in new york that the president is talking about fighting terrorism. at the same time, he's got a problem with the leaks coming out of the investigation of the manchester bombing. tell us about what theresa may is going to say about it. >> absolutely. i am told that theresa may will issue of thee bbc's exclusive reporting that manchester authorities in the u.k. have stopped sharing intelligence with the united states surrounding that terror attack because of leaks coming from the u.s. to members of the media. i have spoken with four trump political consultants this morning who have said that they feel this will embolden the president case that the leaks from the u.s. intelligence community are hurting the u.s. national security interests. consultant whoe told me that at the end of the day, president trump is in charge of the u.s. i

i'm david westin.ined department store rivals and reporting disappointing sales for the first quarter. joining us now is senior consumer analyst steve mistral and shelly banjo. stephen let's start with you on the retail sales numbers overall. as bad as lastt month, but still not exciting. >> not as good as people were expecting and strengths came from the same categories, building materials and non-store retail. nonstore being online. david: people who follow these things closely as you do, what's going on with the consumer? >> i think there's a lot of different views on what is happening with the consumer. a lot of the macro indicators generally suggest that the consumer is strong. unemploymentt numbers, if you look at the retail perspective, the environment is a promotional and they are struggling to drive traffic into the store. some of it might be the amazon effect, but you cannot attribute it to just one other something ,. that's a huge pressure on retailers, but i'm concerned with the consumer go

i am david westin. of 2017 and goldman sachs says the rally has more room to run. amazonostin says apple, and facebook will gain an average of 19% over the next 12 months. oliver renick joins us on the set. doug ramsey is still with us from minneapolis. all of her, what is going on with -- what is going on with tech? oliver: i think this is the belief in the cyclical rally there will be a rebound in earnings that will be driving this. i think there is also the notion that perhaps there is growth and the rest of the world, if not in u.s.lected equally projections and i think the gdp number from a couple weeks ago put the brakes on the idea the u.s. economy is going to start surging just because of the talk of fiscal policy. these are going to be companies that benefit multinational he. trumpk after the election, there was a focus on domestic shares in the u.s., financial shares, but when you look at the broader picture, there is growth that can be seen in other markets around the world and companies like

coming up, david westin will be pritzker.ith penny her thoughts on the trade agreement and the trumpdministration's trade policy. this is bloomberg. ♪ kevin: let's go to bloomberg david westin who is with penny pritzker, the former yes, secretary. david: thank you for being here. welcome back to bloomberg. i want to talk about the u.s. china trade deal announced late last night. your successor, wilbur ross. what is your evaluation of the deal from what you heard so far? it's terrific that the pick up the baton and made progress. issues like beat and natural gas are issues we have been working on for years with the chinese. i think it will be -- the proof will be in the pudding now. was there a reason they got this done at this particular time? if you had been there, would we have the deal set? penny: i think it is always opportunistic when things get completed. the fact that this administration was able to make progress is important. david: it also sends the signal we don't want to go to war with china. the trade war. penny: absolutely. the u.s. china relationship thes to be enduring

let's go to my colleague david westin in new york, standing by with the disney ceo bob iger.e do have bob iger, chairman and president of the walt disney company. welcome back to bloomberg. good to have you here. >> thank you. reporter: you got your earnings out. thati took away from it is you exceeded the expectations with respect to profitability earnings-per-share. while a little short of what's expected on revenue. let's start with where you really had to beat on the earnings. it looks like a story of the parks and studious. >> it is the story from where i said -- sit from the quarter we just announced. 21%.of those units were up parks and resorts up 20%, studios of 21%. continued trend in the marketplace that is positive. certainly, tourism and visitation to the parks across the globe, and a product of the marketplace that is working. on the studio front, it is the result of years that are smart investments, like acquisitions fantasticlm, and first-rate team across the board. reporter: on the theme park subject, houston said is the business to consumer spending? this in

i'm david westin. , joined now by david purdue, the distinguished senator from georgia. on he is the only person capitol hill who has actually led a fortune 500 company. you are a businessman, not just a senator. welcome to the program. we have to talk a little bit about this, it was reported late yesterday, reportedly the president urged then director of the fbi comey to back off the michael flynn investigation. how much does not disrupt the agenda here on capitol hill? sen. perdue: it certainly turns the media away from things we want to talk about, health care and tax, but we have to address it. seeing as how he has operated over the last four months, it to believerd to meet that this thing will be substantiated, so we will see how this turns out. i'm anxious to get past this and move on to the agenda that the american people want to focus on. david: there may be nothing to this ultimately, but how do we get to the point where we know nothing is to this? the select: so far, committee we have is an in

david westin, thank you, with none other than bob iger.head. ♪ >> the following is a paid program. announcer: you're watching a paid presentation for veggie bullet. brought to you by the jubilant llc. from the makers of the world-famous nutribullet comes the next innovation. introducing the veggie bullet. the world's first lightning fast food prep accelerator. now, you can spyralize nutrition-rich foods. or ribbon spirals for great lasagna or even curly fries. the secret is the spiralizer. for the fastest noodles you have ever seen. or an incredle

this ♪ david: this is "bloomberg i'mets, the trump economy," david westin.the trump administration will be sending its full budget to capitol hill and it is likely to make good on what the administration has already said it wants pursue, including cuts to federal programs outside defense and security. stephen dennis has a piece today going through some of these cuts , particularly in programs targeting the less fortunate. welcome to the program, stephen, good to have you here. give us an overview of the major cuts to the programs directed to the less fortunate. obviousthe one that's is food stamps. we have 40 million people on food stamps right now. the republicans have in trying to, especially conservative republicans, haven't tried to cut that program for a number of years, constraining it and making it hard. they want to have work requirements and stiffen the work requirements. that would cut maybe 25% of the cost over the next 10 years. that's $200 billion in that program alone. with additional cuts to medicaid, that's something that has been out for the

i am david westin.ts of contention during the g-7 summit was climate change and whether the united states would adhere to the paris accords. -- is saying the president made a decision and he is going to withdraw from the paris climate accord according to ask deals. let's turn -- according to axios. that you to kevin and hear what is hearinge what he out of washington. tevin coleman president trump is going to -- kevin: president trump is going to withdraw from the paris accord. he had tweeted he is going to formally announce a decision this week. so far, nobody else has been able to match that. we will wait and see where that goes. when you take a broader step act -- back just about the at ministration has responded in the wake of the first international trip particularly with this new op-ed in the wall street journal from general mcmaster and gary cohen expecting they go it alone. america first strategy does not mean go it alone. nearly they are trying to perhaps send a more realistic signal to ease pe

chief that was gary cohn, economic adviser to president donald trump come with david westin today in bloomberg tv and radio will bring special coverage of the french presidential election sunday on bloomberg television, bloomberg radio, across our platforms. this is bloomberg. ♪ >> it's 2:00 p.m. in new york, 7:00 p.m. in london. >> welcome to bloomberg markets. we are live at bloomberg world headquarters, covering stories out of london and amster dasm hiring in the u.s. picked up again in april, more reassurance that the central bank is on track for hiking interest rates come june. but president trump doesn't like where american wages are. that's what white house economic advisor gary kern told ploomberg. more highlights from that conversation coming up. a wild week in commodities, crude oil and metals steadying after seeing huge gyrations this week. ed north of citigroup weighs in. markets closing in two hours itime. seems like u.s. jobs are stuck in a tight -- a tight, narrow

i am david westin.eeks as opec got a deal but markets were hoping for more. here is what ministers had to say about the deal. >> we considered options for a higher cut. thatndications are solid the nine-month extension is optimal. opec says it is necessary we extend the level of production based on the november decision for nine months. it seems that can control the and reach us to the target price we have in our minds. >> all studies in predictions indicate the market will be stabilized after nine months. >> i support the nine-month because i think it gives a seeer gestation period to how the reserves are holding up. >> russia and russian companies have voluntary taken the position to adjust production levels. they take these obligations very seriously. we value our cooperation with opec countries. we plan to be in full conformity over the next nine months. david: still with us is julian emanuel. do they need to change their name? they seem to have expanded their membership. a number of those people di

i am david westin.ion to his right the ashes largely ridiculed budget. mr. hunt wrote "the pro-by .ueller is deadly serious the only limit to his investigative power is trump's authority to decide he is a threat and fire him. republicans recognize trump has made dangerous enemies." al hunt is the expert in all things trump, so welcome back to the program. i do not know where to start, the president had this nine day trip and he has a lot of things to conference. al: he does. lerrarching is this muel investigation. it is huge and will dominate the trump administration for the stable future. it is an dangerous territory for the white house and republican party. we do not know where it is going to go, if criminal acts of been committed, but we have a respected and experienced special counsel. as you read from that column, bob mueller has such standing that he basically is a free agent. david: reports already over the weekend that he is wasting no time. he put together a budget, brought a couple of years co

i'm david westin.ing, managing it slowdown in getting its reliance around credit. he asked him about the says areties he compared to the u.s. at this point. >> opportunities in china are expanding. we're finding a lot to do here. right now, that's >> we are not as sure as we were, but we are way overweight. is not a: china being any less of a disaster, it is. but we are seeing really interesting one off actions in the u.s. he says, relatively, he sees more opportunities in the u.s. should we be worried about the politics here? does that take some of the wind out of those sales? priya: yes, the medical risk is notoriously high. --political risk is notoriously high. if we can get past the near-term and congress can go back to the legislative agenda, we can get focused on stimulus. my big fear is are we dealing fiscal stimulus or derailing it? russianabout the investigation, but this obstruction of justice issue -- as long as we can get pass it over the next few weeks, we need to get back to getting healt

i am jonathan ferro alongside david westin and alix steel. futures pretty much dead flat on the s&p. the euro marginally firmer. a retreat from 112 in the last 48 hours. 2.28 your yield on the 10 year. alix: it is a busy day. 10:00 a.m. eastern we get home sales. half an hour later, the dod -- the deal he this number pivotal ahead of tomorrow's opec meeting. p.m., the two-year had a did to cover ratios yesterday, the highest in a year so watch the option. , whent the fomc minutes it decides to leave rates on home. how does the balance sheet pay into that? robert kaplan and neel kashkari will be speaking. david: it turns out china has a lot of debt. we may have known that before, but it is official overnight. they downgraded chinese debt for the first time in 30 years. the senior vice president had this to say about the decision. be a gradualto erosion of credit metrics. we are looking at the policies the government isn't lamenting. the authorities have recognized the risks with high leverage and have a very broad structural reform. we think t

much.nk you very back to you in new york, david westin. the issues with tax reform, the trump administration has been steadfast about moving forward on regulatory reform. jpmorgan ceo jamie dimon over the weekend, he says he remains confident some deregulation is on its way. >> when you talk about regulation, the trump administration wants to deregulate certain things. most of us in business think regulations have been holding that growth. all citizens of these countries. they are not jpmorgan. it is important to understand that. i am a to a secure will have some regulatory reform. after years of regulations, it makes sense. even my democratic friends, it makes sense to look at what has been done come what can be done better, what can help people expand the employment and grow the economy. wholesale flowing out of regulations, just looking, improvement was done. >> what do you make of which i think, investors were confused as to what that would mean. >> no one i know says that was part of the problem. they -- saying them you regulate smalle

david westin knows that when the nation is in crisis, you speak to someone from georgia tech. ia tech. david: exactly. david purdue is the senator from georgia, and he is a staunch supporter of president trump. the only person in all of congress that has been a fortune 500 company. we want to talk to him about what is going on with tax reform and other things on the agenda, but mr. trump and mr. comey have had other ideas. we will start out with the we have to go to a select committee? republicans to the and democrats from the house and senate. tom: very good. david westin, thank you so much. let's wrap up the market reaction now. let's try to get away from the festivities of washington, the distraction, with chris. i am sort of out of breath. we have forgotten what i normal is within our discourse? is the year-and-a-half vector in place to higher yields? or do you have a doubt about where that vector was or is going? chris: i think we are still looking for higher yields. even a staunch down like chicago fed president evans is saying the market, they don't have the right view.

david westin joins us with consecutive chairman bill ford. david: we are with bill ford.i just you coul forget you and your new ceo of the news conference and the words i heard from you time and --in our focus and speak at focus and speed. tell us what you need to focus on and what you need to get to faster. what we need to focus on is our mission going forward. we are in a time of unprecedented change that offers amazing opportunities, but we have to be very select the, we have to be -- very selective, we have to be clear about where we are going to play and how we are going to win, and we have to articulate that not only to our employees, but the investing world. that is the focus. we live in a world where the clock speed is increased dramatically. inthat wempetitors haven't seen before. need to get ourselves into fighting shape very, very quickly. said positive things about mark fields, the outgoing ceo, but it must be some change you want that you didn't see happening before it is it a different set of priorities were going towards the same priorities at a quicker pac

i'm david westin.r for now and risk reward upside in equities is deteriorating. joining us now is mislav matejka. you have gone through a little bit of a yellow on equities. tell us why. >> the first issue is markets did white well. the s&p 500 is up. you had many people who were unsuccessful in calling for a correction for a while. the problem is there is no further catalyst from here. all of the good catalysts have played out. earnings were great in q1. you have this problem with commodity prices. bpi in china. greatlleagues use this gains as a opportunity to lock in. david: take some risk off the table. take some of your profits. what do you do with them? last week went back to record lows. it's not great to commit more capital. maybe the bond yields go down a bit. you want to be in bonds. pockets inave air the final demand. momentum is peaking in the u.s. and china. then you want to reenter the market. a number of people come on the program and say this is time to buy the debt. is that wrong? >> th

i am jonathan ferro alongside david westin and alix steel. futures down two points for the s&p 500. europe up .4 on the stoxx 600 and a firmer euro. alix: time for your morning brief, we had people u.s. auto sales expected to fall. at 9:30 a.m. eastern, the house and fisher should committee will hold a hearing on oversight of u.s. airline customer service. the united continental ceo will be testifying. earnings will hit. david: president trump gave a interview with bloomberg news. among the things covered, his interest in bringing back glass-steagall. >> we are looking at that. there are some people who want to go back to the old system, so we're going to look at that. we are looking at it right now, and dodd-frank is going to be very, very seriously changed so the banks can go back to running -- lending money. david: kevin cirilli is with us to put his comments in a broad perspective. he did say he is looking at this. how seriously is he taking that? is this a priority? kevin: no. this was a great interview and this was in line with what president trump said on the campaign trail.

i am david westin.k is far exceeding what analysts predict for revenue and profit, but they also warned it may not be the same for the rest of the year. facebook coo sheryl sandberg said they are changing the number of asked to improve the quality of ads. sheryl: we have said that ad load is up from a few years ago, and we have been able to do that by improving the quality and relevance of the ads. where we are focused is continuing to improve that at quality and relevance. david: david kirkpatrick is the author of "the facebook effect." he is a friend of the program. welcome back. great to have you. great number some of they had some mornings, and the stock did not go up that much. in fact, it went down and came back up. david k: there are so many questions, yet they continue to steamroll ahead with extraordinary power. it is easy to put the questions to the back of your mind and say, "wow, these people have so many fields still to conquer," and they do, but there are gigantic questions facing the long

i am david westin.d from the ranking democrat on the bench committee for his thoughts --this is what he said -- not rep. yarmuth: economic security, -- said -- rep. yarmuth: economic security is important. proposals this morning eliminates investments that are essential to a strong society. david: let's go to the other side of the aisle, dave brat, a republican from virginia. he is best known for capturing the seat of eric cantor when mr. cantor was the house majority leader in part because he said he was not conservative enough when it came to spending and debt. welcome to the program, mr. representative. rep. bratt: thanks for having me here. brat: thanks for having me. david: you heard from the colic. brat: that is not economic security could deliver markets are a disaster. we have $20 trillion in debt. 100 trillion in unfunded liabilities. medicare and social security go insolvent in 2024. kids will not see those programs. that is not economic security. democrats do not have a budget that balances i

i am david westin.ngs in washington, you need somebody with experience in domestic financial matters and foreign policy. we are joined by next baucus, he most recently served -- max baucus. served 36 years in the united states senate, including serving as chairman of the finance committee. great to have you. max: good to see you. david: we want to talk about tax reform. but the president of the united states and the washington post that conspired together to say we have to ask you first about this report coming up late yesterday, where the washington post said that the president revealed confidential, classified information to foreign minister -- to the foreign minister of russia and it caused consternation within the security circles. adviser,nal security general mcmaster, said he did not reveal sources and methods. right do you make of this -- what do you make of this and what you make of this issue having been an ambassador? max: this is very serious. he may not have mentioned sources specifically, b

from bloomberg paz world headquarters in new york, i'm david westin."bloomberg markets, the trump economy." here of the top stories we are watching. after the extravagant multimillion dollar -- multimillion dollar deal with saudi arabia, president trump moves on to symbolism in jerusalem with political minefields. we are waiting for the press conference featuring president trump and benjamin netanyahu. commerce secretary ross says that he can't imagine a business as this one for the united states. the trump administration presents its budget tomorrow. it is expected to have cuts of close to $7 trillion, but it may not matter, as republican say that they will come up with their own budget. ♪ david: president trump is in israel today as part of his marathon first trip outside

kevin: that was a great interview with david westin and gary cohn.he tax rate, corporate-wise, they will be able to generate that corporate tax growth. they're hoping to seize momentum as a look to advance the health care legislature to the senate. all that said, i spoke earlier this morning with a senior aide quite frankly,t this will have to change significantly to attract moderates in the senate. the big issue right now is the pre-existing conditions. it would call for an $8 billion increase to the pre-existing cause over a five-year period, but my sources in the senate say that is a lowball estimate and not enough to win over moderates. it would have to be closer to $20 billion, vonnie. of the republican party -- if you look at the moderate states, especially folks up for reelection in 2018, they will have to be able to move towards the middle. this is a political battle in the making. vonnie: any idea who will pick up the baton on this, and whether the fresh legislation from scratch, or a few amendments tacked on? isin: a lot of the concerns the

i am jonathan fire -- jonathan ferro alongside david westin. david: how does that work out for you? bank manager says "no." futures up five on the s&p 500. switch up the board. here's the cross asset. yields higher by a single basis points. a weaker japanese, dollar-yen climbs. that is the story across assets, let's get you some individual stock movements. >> lots of media movers this morning. dish network shares are popping higher after the company put up paul sweeney -- what paul sweeney is calling a modestly disappointing quarter, a miss revenue estimate. losses were big again, double estimates. paul sweeney says that has to do with competition from cable. we will be digging into more about why the shares are higher. turning to other media winners, tribune media soaring in the premarket, up 8%. fox and blackstone may be teaming up to acquire tribune. the business view on thursday, paul sweeney says that while sinclair broadcasting is in the mix, that fox blackstone partnership could be much stronger because of blackstone's deep pockets relative to cash. finally, twitter is poppin

i'm jonathan ferro alongside david westin and alix steel. this is what it buys you, not a lot if you bring up the i can ws for you. equities are pretty firm in fact nowhere, $46 going and $.19. we are softer by half of 1%. >> a few deals to tell you about here. $18.50 a share. deal adding to adjustment earnings. havee battle for strength top hundred $84 a share in at&t's bid and verizon's bid before. they have a huge spectrum. it is all about 5g for these players. jonathan: emmanuel macron scored a decisive victory over marine le pen. 60% of the over votes. , guyng us now from paris johnson. fantastic reporting yesterday. the job for emmanuel macron. talk to me about what he needs to achieve over the next month to make sure he gets something out of those parliamentary elections. >> this is just one piece of the puzzle. presidency a major leap forward for him and his political ambition. it is only part of the journey. he needs to carry the momentum into the massive assembly. he needs to be able to deliver the policies he has talked about. i t

joining us now from capitol hill is david westin. he has a special guest. david: thanks very much.s he said, senator orrin hatch from utah is the head of the finance committee. he is the vice chair of the committee. he is the most senior republican. thank you for being with us. we really want to talk about tax reform, would you have something to do about, but there have been developments over the last 24 to townurs consuming the . what should we make of this? is this something of the moment or something that last as an issue? sen. hatch: i will have to wait and see what really comes out. i personally feel it is overblown like everything they do against trump. there is so much bitterness that he won the election against the favorite hillary clinton. a lot of the media makes a lot of effort to pick on donald trump. i think we will have to wait and see what the so-called allegations really are, but so far, pretty thin. david: that is a good question about whether it is a question if it never happened or if it happened, what is the big deal? the fbi director does ultimately work for th

here he is speaking with david westin on "bloomberg daybreak: america's this morning." this >> we have to address it. knowing this president the way i know him and seeing how he has operated the last 4 month, would be hard to believe this thing will be substantiated so we will out.ow it turns i am interested get past all of this this week and move onto the agenda that people in america really want to focus on. david: there may be nothing to this ultimately, but how do we get to the point where we know there's nothing to it? how do you feel about things like a special counsel or select committee? so far, the select we have is an intelligence committee in the senate, and they have invested getting the russian thing. they will look into these allegations as well. they are doing their job. david: the senate committee will review this? sen. perdue: that has not been confirmed today, but if it continues, i believe he will be included in the investigation. david: a call to turn over whatever memoranda may or may not exist.do you support that ? sen. perdue: i do. we will see w

david westin. ever since president trump took office, we have heard about tax reform. to see action when there are hearings held in washington. the chairman of the powerful committee, kevin brady, joins us now from the woodlands, texas, from his home state. welcome back. good to have you. take us into this hearing you will start on thursday. start with that. what sorts of witnesses are you going to be calling? what are you looking to hear in those hearings? goals for this effort. one, we wanted tax code built for growth, literally designed to grow jobs, wages and the us economy and leapfrog america from 31st in the world and tax competitiveness into that top three and keep us there. this hearing is all about growth. we will be listening to business leaders talk about the competitive environment they are in, what it takes to actually grow those jobs and wages, and we're going to open it up. this is part of a coordinated effort between the house and the white house and senate where we begin to open up our ideas on how to grow this economy in a big way and make sure the a

i am on alongside david westin. let's get you to the markets very quickly.inning streak. 112.uro is firmer at 22. that's the story of the markets. let's get you up to speed on headlines. gunmann egypt, a lone opened fire on a bus heading to a monastery. at least 22 people were killed. it's not known who is responsible.

i am jonathan ferro, alongside david westin and alix steel.futures up one third of 1%, the euro stronger. a weaker japanese yen, yields up two basis points. alix: for your morning brief, we got a data dump. jobless claims, unit labor costs, and the trade balance for march. we also have durable goods coming up at 10:00 and at 4:00, donald trump will meet with australian prime minister malcolm turnbull in new york.

daybreak, bloomberg with jonathan ferro and alix steel and david westin.regulatory overhaul, i think that is the big takeaway with their interview with the president of the united states. will it be a breaking up with the banks or something like the u.k. version? that with skyto bridge. river,am stuck on the and the only place to go is a new radio program, drivetime evening in london. how are you surviving this ordeal? jonathan: i am loving it. it is wall street meets the square-mile. remarkable me, the resilience of the u.k. economy, never mind the drama with politics, the manufacture day-to-day at a three-year high. tom: you see how this british accent has slotted right back in when he does his radio program? francine: i saw that. see why. the candidates for the french presidency are laying out races for the future of the country. in an interview, micron mocked pen's plan.cked le >> the national front party has not changed. it carries hatred and carries it concretely. that is what i fight against and what i said this afternoon during the campaign rally,

tom: thank you, david westin.e the polls really show the tone of this french election. the france-germany spread did what it was supposed to do. it was up, up, up, then came in very nicely anticipating a macron victory. guy: the question is, where does it go from here? the ecb will play a pivotal role. eric chaney with us this morning. we mentioned the ecb. i have been guilty of this. mr. draghi is a little -- pivotal to mr. macron, isn't the? >> first of all, good morning. it is good to see you in paris. i hope we have more elections. i don't think the ecb was so important before the election. now we know that the ecb has helped to buy some french bonds, but that was very limited. that was in the framework of buying bonds of other countries. what is essential is what the ecb is going to do now regarding the reform of the banking system in europe. france is not a big problem in this regard. italy is the biggest problem. crron enterse ma into the equation. he's going to bring something new between the eurozone coun

david westin, jon ferro and alix steel.oday, talk to the show players. we are going to talk francisco blanch. he heads up the commodity shop at bank of america and the issue is what is opec going to do? nine and six months extension, did a boost output? $35 atputs could fall to barrel. there's so much new on this as we talk about ecb and the exit strategy, it is all about opec and their strategy. prices proppedp but retain market share? a big question. tom: within the supply analysis, within your reading of hydrocarbon, is opec feeling like they can control the supply dynamics? >> i don't know if opec feels that way but the market doesn't think so. cal has made opec he relevant in that. opec had a downside but potentially not the upside because of shale and they haven't yet transitioned. opec is about politics. put them together and technology is winning out. tom: thank you so much with mr. blunt coming up. -- mr. blanche coming up. look at the fixed income markets. there is a chart we showed many times. , the single best c

the ceo ofat was ups, speaking exclusively with our david westin. julia: we have a breaking story.oftbank is said to be considering raising its share in nvidia over time. they currently own a 9% stake in the company, looking to add to that. they did raise that fund for investment, so it looks like just the beginning. from new york, this is bloomberg. julia: this is bloomberg markets, i'm julia chatterley. musket: back in 2015, elon delivered the model s after years of delays. but the model x continues to navigate a bumpy road. jan all has been tracking tesla's pace for years, and joins us from san francisco. are these self-inflicted wounds or something that has been conspiring against tesla? >> tesla has not been model.ming about the voestalpine wing doors were not easy to engineer, and i think -- note falcon wing doors were easy to engineer, but i think they have learned their lesson and will and will and that with the model three. tesla is in this spot where the model s is their flagship, they have the model x, and now they have the model three, another sedan. where does the x fi

david westin is standing by with the ceo.al because we have the ceo of caesars entertainment. he doesn't get anybody interview since he came to caesars over two years ago. it's good to have you here. as we said in the introduction, you've been going through a restructuring of your company ever century took over. tell us where you are in that restructuring. what stands between you and getting that large portion of your operations out of bankruptcy? one factor is just having all the regulators approved the restructuring plan which was not approved by the judge or gender 17. we need to have the finalize their comments on a restructuring and once both of those dates are past, we will be emerging. we're expecting that by the end of the third quarter we will have emerged from bankruptcy. >> are you position so you can make a successful business of this? >> guest. we've actually had an outstanding two years. our ebitda is up $756 million, about an 800 basis points margin improvement over the last two years. we've taken a share on th

i am jonathan ferro alongside alix steel and david westin. futures a touch softer, down 1/10 of 1%. vis says no we are not paying 100 billion euros, and sterling down versus the dollar 1/10 of 1%. the vix modestly higher, some commodities rolling over, copper off 2.5%. crude getting mm

i am david westin along with alix steel. jonathan ferro's on assignment.ied information to the russians potentially. euro stocksere, lighter, but the move is in the currency market. over that $110. not a ton of reaction unchanged on the day. david: is time now for your morning brief.

david westin. let's go to guy johnson in the city. that they may need tighter policy for the yield curve. get on it, get on it. it doesn't offer any policy guidance coming through. what it does indicate the tightening that may be needed. havemember that they do that number at the moment. hobbes is not voting. that is not going to happen. the message is clear.

i am jonathan ferro alongside david westin and alix steel.seum. we turn to our top story. britain is reeling from an attack last night, they killed 22 people at a concert. children are among the dead. no one has claimed responsibility. we heard moments ago from theresa may. >>

david westin. let's go to guy johnson in the city. guy: the bank of england is saying that they may need tighter policy for the yield curve. get on it, get on it. it doesn't offer any policy guidance coming through. what it does indicate the tightening that may be needed. havemember that they do that number at the moment. hobbes is not voting. that is not going to happen. the message is clear. the bias is there at the moment. interest rates do remain unchanged. the vote on that. the gilt purchase is 8-0. the bank of england keeps key interest rate unchanged. the vote was 7-1. the vote on interest rate, 7-1. thathan: the idea is growth hasn't turned lower in the way that they anticipated and inflation continues to grind higher. it is starting to become more open to the argument that she has put forth? guy: i think you can deduce that from the line talking about tighter policies. the markets, because it has an assessment that the bank will look through this inflation because it is transitory and linked to the currency, maybe it doesn't

a warm welcome to "bloomberg alongside david westin. alix steel is away today.s the board for you. treasuries, yields stuck in a tyke -- tight range. features a little bit softer after weeks of gains. we are down by about 0.15%. let's get you up to speed on the headlines outside the business wo

i'm jonathan ferro alongside david westin. in houston, texas, alix steel.ll actually restrain shale production? i'm going to get to the bottom of the story here in houston. i will be talking to regina mayor. she has her hands in the energy market.

i am jonathan ferro alongside david westin. a warm welcome back to alix steel as well.lds higher by a single basis point at 222 and the euro looking resilient even with a -- and inflation miss. x: at 8:30 exxon mobil will hold the new annual meeting.