david: i am david westin. mark: discussing deadly violence at the gaza border.he israeli ambassador to the united nations says hamas and not israel should be condemned for the violence. israeli troops were defending their border according to him. ofaccused hamas militants attempting to attack under the cover of protests. >> every casualty is the victim of hamas war crimes. they are solely responsible. claims why everyone who that the u.s. embassy move is to blame for palestinian violence needs to look at the facts. mark: the ambassador said monday's violence was an orchestrated move by hamas. the huge number of wounded ers in gaza -- is leavingin gaza many waiting for treatment. they are also facing and equipment and medication shortage. angela merkel says the iran nuclear deal has its weak points, but believes it should be preserved. trump's that president decision to withdraw from the d015 a quarter marked -- accor marked a shift between german, european, and american relations. there is a new danger for residents of the big island of hawaii. arecials say vent

david: i am david westin. reports that president trump has a tentative deal with china on gte. -- zte. there is hope that perhaps the deal between qualcomm and nxp; as will happen because with president trump reaching this tentative deal with zte, it suggests the trade stance, the conversation with u.s. and china may be such that the nxp deal will be approved by chinese regulators. it was talked about in october 2016 and it has been at a standstill. we have been waiting for months for rate with tory approval from china which has not come through. -- regulatory approval from china which is not come through. the u.s. stands for is the chinese phone company as softened. perhaps good news for nxpi going through with qualcomm. is dutch but 30% of their business comes from china. shery: nxpi is up more than qualcomm. >> you would expect qualcomm to rally and not clear why the reaction. perhaps some thinking that qualcomm has more skin in the game. they need the deal to come through and need the diversification. i, 4

i'm david westin. shery: i'm shery ahn.g .8%. u.s. toxics to and in gains. lots of deal news including elliott management offering to buy athena health. the s&p 500 being that higher by energy and tech stocks. barrel,ng past $70 a jitters over the air run nuclear deal. take a look at yields. the 10-year holding just above the 3% level. yields higher overall. msci emerging-market currencies are down .2%. we have a stronger dollar which is hitting emerging-market currencies. the mexican peso at the weakest level since january. of course, we also have nafta talks resuming in washington. david: mark crumpton has more word mark: headlines. boris johnson is in washington today meeting with mike pompeo. he will spend the next two days meeting with administration officials as president trump decides whether the u.s. will remain in the iran nuclear agreement. the trip follows recent visits in weeks by the leaders of germany who also tried to convince president trump to stick with the deal. negotiators from the three nafta nations tr

i'm david westin in washington. shery: i'm shery ahn in new york.heck of the major averages, u.s. stocks paring back gains. dow trading at 24,756. this could still be the seventh consecutive session of gains, could be of the highest winning streak since november of last year. we are unchanged at the moment, telecom and health care gaining ground. and investors not nervous about the remarks on lowering drug prices by president trump. the 10 year yield also holding steady, just below 3%. first word news, mark crumpton. mark: a lawsuit challenging u.s. border authority's practice of searching cell phones and computers of travelers, without a warrant, can move forward. a federal judge in boston has rejected the government's bid to dismiss the suit brought by the american civil liberties union, and electronic frontier foundation. the fourth amendment requires law enforcement to obtain warrants before searches, but there are exceptions for searches at airports and ports of entry. the white house is not denying that it administers an official dismissed sen

david: i am david westin in new york.ark: as we have been reporting, the new york times reports president trump told the french withdraw fromill the iran nuclear deal. mr. trump has called the ever."nt "the worst deal he says it does not do enough to address concerns with their ballistic missile program. the hang seng and kim jong-un held two days of talks. and kim jong-un have held two days of talks. the new york city district attorney's office says it is opening a criminal investigation into accusations of physical abuse by attorney general eric schneiderman. federmann have accused of physical violence while they were dating. at the he will resign end of business today. he has denied the allegations. global news 24 hours a day on air and at tic-toc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. shery: thank you. president trump spoke with the chinese president this morning by phone. the two talked trade agreed to stay in contact on the iss

i am david westin. shery: i am shery ahn. venezuela president reelection seems to ensure the status quo of hyperinflation and scarcity remains. came out with a report that says more than 100 people have been murdered under the regime. they are looking to take the government to international criminal court. i spoke with him earlier today. >> we will submit the report directly to the international criminal court. that is one of the recommendations of the panel of experts. we will also work with member order to convince them to refer this report to the icc. these planning to work on until september. we expect to have support for this case. hardy case, we are working and we already received some interest from member states. we are moving fast. shery: will you prefer this report to the icc by september? >> no. we will send it today directly. shery: what do you expect to happen once the icc opened an investigation into mr. maduro and his regime? >> we expect justice. movementot a political or political approach. we are looking out

david: i'm david westin.otiator says he is confident a solution can be reached on the irish border problem. barnier like mr. davidson's approach to the critical issue? emma ross thompson joins us from london. thank you for being with us. how is it going over there? we are focusing on ireland. it has been a recurring issue. are the europeans going to go along with the british solution? >> he has thought for a long time he has a solution, and the solution for him is that the eu should agree to a fabulous free trade agreement after brexit to allow there to be no order on the island of ireland. they had said that the future trading relationship will not be one that can allow open borders. even between the u.s. and canada has some border infrastructure. even a quarter like that is too much for ireland because of the past violence. the eu k has said let's have a great free trade agreement, and the eu has said that is not going to happen, therefore they are proposing a backstop solution. the u.k. agrees to the idea

i'm david westin. shery: i'm shery ahn. it is more of the same in venezuela.olas maduro won reelection. and election was added by the opposition and condemned by the united states and other nations. have andy rosetti, bloomberg's economy and government reporter. thank you for being with us. it was widely expected, it was a widely expected outcome but it was mostly about border turnout, came out to vote, will this legitimize the election, what happened? andy: on the streets yesterday, we saw very scant crowds. masses weone of the have seen in years past. the participation levels were some of the lowest we have seen in decades. this was further complicated by government so-called red spots outside that were scanning voter they received state subsidies. maduro'snot legitimize hold on power, more so than the opposition. the international community says this about is a sham, essentially. moving forward, i don't think anyone expected this outcome to be different. david: give us a sense, is a different on the street? are we hearing anything different from last week o

i'm david westin. shery: i'm shery ahn.stocks higher on this monday as we have seen trade tensions ease around the world. we are seeing the dow gaining 4/10 of 1%. it's the longest winning streak si since september of last yer. information tech rising today after president trump made a u-turn on blocking telecom equipment makers zte. look at what soybeans are doing because we got a report from "the wall street journal" because they are near a deal on zte and u.s. tariffs on chinese products. david: for bloomberg first word news, we turn now to mark crumpton. along thedeath toll israeli-palestinian border stands at 52. another 1200 palestinians have been wounded by israeli fire. the violence comes as the united states formally opens its new embassy in jerusalem. the un's secretary-general expressed concern about the escalating violence in gaza. >> the old conflicts never seem to die and i'm worried today with the news about what is happening already with the high number of people killed. largest bombing of muslim majority na

david: i am david westin.e prospects of a presidential interview with barbara mueller are dwindling. before going to dallas, president trump told reporters that he did not trust the motives behind robert lawler's request. president trump: i have to be fined we will be treated fairly because everybody sees it and it is safe your witchhunt. republicans have looking also? why don't we have republicans doing what all of these democrats are doing? it is unfair. if i thought it was fair, open -- i would override my lawyers. >> the president's attorneys considering negotiations about conditions for an interview and say they have concerns that extended questioning, robert mueller would try to trap the president into committing perjury. former donald trump campaign chairman -- campaigner paul manafort is in court, he is accused of hiding tens of millions of dollars from the irs didn't lawyers want the charges dismissed and say that robert mueller exceeded his authority. a time and place have been set for president trum

thanks to david westin for bringing -- bringing us the interview. what is coming up in the next hour. italy's political uncertainty. love a step in and stabilize the situation? joins with, the ceo david rubenstein and talks about defense contractors dealing with president trump. this is bloomberg. ♪ caroline: i am caroline hyde from the sooner than you think event right here in paris. let's check in with the bloomberg first word news. more from new york. >> north korea is preparing to blowup the nuclear weapon site. a journalist is traveling to the madness region of the can't -- of the country to witness the event. u.s. officials view it as a goodwill gesture and it would keep north korea from developing these weapons. the european commission is warning to stay on the path of fiscal responsibility. eu leaders are concerned about the radical policy platform by the alliance. keep was urged to producing the budget deficit and the debt. in las vegas, casino workers had voted any time may 31. the international entertainment operate more than half of the

i am david westin.d warnings about the effect on high tax states like new york with the tax-cut. limits to state and local taxes and we hear alliancebernstein will move from wall street to nashville because of the tax differential. welcome our new york euro chief, jason kelly. getting ready for country-western. >> it is amazing, the story is catching fire. wonder, if you are around wall street, this is a southern canary in a coal mine. as you say, the taxes are definitely part of it. a lot of southern states, including tennessee, nashville, taking advantage of these high tax jurisdictions and getting people to come down. alliancebernstein set out on an amazonian search for a new headquarters. they went to three cities and looking for lower cost of living , education, quality of life. cost is a factor on wall street. shery: could this imply the beginning of a new trend? we see other firms owing to other low tax states. >> deutsche bank is bulking up its offices in other places, jacksonville, florida. gol

we will talk about consequences with david westin. come to you first customer it certain extent, is les out? can some -- can she work with them? david: i haven't read the opinion. this always the possibility of an appeal. we can't rule it out too fast. i think les would think that if he loses this, he would be replaced. you after a member, if he is replaced in the terms of this deal, he gets a check for $150 million plus incentives. some reported that is $280 million. not too painful or loss. vonnie: some the company would rather run a studio then get that money. what happens now? >> the meeting is a 5:01 scheduled for 5:00 today. we don't know that's going to go ahead. if the shares are falling today. investors of cbs didn't really want this deal to go ahead and they were getting really hopeful that the shareholding structure would -- vonnie: essentially its national amusements per they were the investors in cbs with a small subsection of people who really didn't care what happened because they were going to win either way. -- iss po

david: i'm david westin.emains a tough sawe for capitol hill as we when the agricultural bill went down to defeat because it did not address the immigration and the goodlatte-mccaul built we welcome the author of the bill. featuresan goodlatte the house of judiciary committee. he comes from the capital. welcome. good to have you with us. rep. goodlatte: it's good to be with you and sherry. david: give us a sense of where you are with your proposals. i understand you are considering changes. a vote whatyou got will they be voting on and when will they be voting on it? rep. goodlatte: we have been working for months to make improvements to the bill, to continue to gather support. there have been frustrations on both sides, both the folks who have filed a discharge petition, and the freedom caucus that want my bill brought directly to the floor. the speaker announced yesterday it will be back -- be brought to the floor during the week of june 21. there are serious negotiations going on with all of these parties

i am david westin here with alex -- with alix steel. dodd-frank, they are going to change the rule. t trump tweeting a big rollback coming. david: just a few minutes ago. he says big legislation will be signed, after many years. this is bipartisan. things out seen many of washington that are bipartisan and in fairness, largely banking has not been bipartisan until dodd-frank. alix: the question becomes is it going to stay that way because in order to get the house bill in the senate, didn't they have to make votes and changes on other things? david: they're going to fight it out over immigration but this one will go through. in the meantime, we also have trade. out, our trade deal with china is moving along nicely, but in the end, we will have to use a different structure and that this will be too hard to get done and to verify results. i'm not sure i know what this means. he is certainly backtracking. i don't know what he is trying to get us ready for. alix: is it in response to the senate coming down on him for the zte thing? that was unclear. david: getting his fingers singed ther

bloomberg's world headquarters in new york, i am david westin. >> welcome to bloomberg markets balanceavid: here are the top stories we are watching at this hour. president trump says he wants to --p vte as trade negotiation the united states formally oceans its embassy in jerusalem protests as palestinians are fired on by israeli forces. speaker paul ryan says they need to get a new deal on nafta early this week. we will talk with been cente fox about whether that deadline is realistic and what will work for mexico. >> president trump is toning down his tough trade talk on china for now. in a sunday morning tweet the announced that the commerce department was working with president xi to throw an

david: welcome to "bloomberg daybreak," i'm david westin with alix steel. it is my son's birthday today. alix: really? david palmer, happy birthday. david: meanwhile, elon musk. alix: terrified. we have to talk about that. in the markets, digesting that crazy tesla call. we will talk about that. up by five points. amazingly, stronger. the word, symmetric, trumping any sort of weaker inflation in europe as well as the u.k. 1%, 119lar up 2/10 of is how we print. by the bond. that is how the story goes. plattner, re-rating in the five 30's and the 10. crude flat on the day. time for the first take. we're joined by bloomberg intelligence chief equity strategist and also the global macro squad. here it isthe fed. inflation on a 12 month bis expected to run the committee symmetric 2% objective over median term. risk to outlook or balanced. market reaction, the steepener in the 5/30, backing off that level. is that the correct trade? >> for the short-term, probably not. supply will come in on the short end from the treasury, keeping the curve on the flat side going

welcome -- i am david westin.ade show that in the white house as peter navarro says steven mnuchin was wrong about a trade war quote with china. mike pompeo meets with his north korean counterpart in new york. the groundwork for the summit being laid. the organization of american states says venezuela government has committed crimes against humanity. what will it mean for sanctions? an interview coming up. david: whether or not there ever was a trade war with china, the truce is over. this is according to peter navarro who went on npr to declare steven mnuchin's

i'm david westin. shery: i am sherry and. welcome to "bloomberg markets: balance of power." the top stories .ou want this hour that summit in singapore seems to be back on again. officials are on their way from the u.s. worked out the details. will be on the agenda? withoutn italian bonds faster than ever before as the president rejected the government put together by populists and instead asked for alternative no one expects it to last for long tariffs may be coming. european officials are scrambling for a deal ahead of the deadline on friday the white house says that the billions that $50 billion of tariffs on chinese goods are coming a week after that. let's start with a

i'm david westin. i'm with alix steel. alix: happy tuesday. there is stuff happening in the market. u.s. helping european automakers. david: president trump has a victory in china, and it helps the europeans. alix: the story is the dollar column. s&p futures. euro-dollar up .2%. emerging-market currencies, and the lira hitting another record low. 10 year yield inching higher. $33 billion auction of notes today. the dollar weakens. david: time for the morning brief. at noon, president trump leads with the south korean president. they will get the president ready for the big summit coming up next month. facebook founder mark sen. burr: and faces questions from eu markkers on concerns -- faces questions from it you lawmakers. note's sale of 2-year since 2013. we will watch that. now for the bloomberg first take, we are joined by our chief equity strategist and former trader. i love that title. alix: what title is that? >> it wraps around the business card. david: big news out of china overnight. import will the cuts on cars from 25% to 15%. we'll put up a bar chart on who benefit. for s

i'm david westin here with alix steel. spring has finally arrived. alix: then you come out and it's a dust of pollen over every single car. and then you have allergies and you get shot with two types of medicine you are still in pain. a pretty steady world when it comes to the bond market. , not a lotutures up of action except for that stronger dollar. at one point euro-dollar intraday of the lowest in about four months. bond market going nowhere. , up overthe shocker 70, up 9/10 of 1%. where human 2014 november? david: where was i? ands investing in tech sitting on boards. time now for the morning brief. the u.s. treasury yield will auction a total of $73 billion in 3, 10 and 30 year bonds. wednesday we will get numbers for the u.s. and also on thursday, the bank of england will announce its bank rates and bond repurchase program. on saturday the deadline for president trump decide whether he will be asking for increased sanctions on iran as a never to renegotiate nuclear deal. it may have some do with oil. alix: we are joined by bloomberg's chief c

. ♪ david: midnight in hong kong, from new york, i am david westin. shery: i am shery ahn. rkets, balance of power with the intersection of politics and the economy. david: there are the top stories , talking tough on trade, steven mnuchin and wilbur ross the u.s. delegation to beijing eking progress on trade but common ground may be hard to find. the president and the lawyers, the president keeps calling the russian investigation a muellert but robert seeks testimony directly from president trump even as president trump struggles with his own legal team. and wall street goes country, reports that bernstein holdings is moving its head quarters to nashville and partly the new tax laws to blame. shery: breaking news from china, beijing is not backing down from u.s. trade threats as senior government officials tell us that chinas

david: i am david westin and welcome to bloomberg markets: balance of power. are the top stories we are watching. what a difference when he four hours makes in the donald trump white house, after saying the summit with north korea was not happening, it could be back on. on the originally scheduled date. .e have on kevin rudd how damaging could the auto tariff be on the economy? we will talk with eswar prasad of cornell university. vladimir putin states do our editor in chief as he hosts his major summit in st. petersburg. what did he say about the relationship with president trump? halfway into the trading day and looking bit mixed. let's look at the markets with julie hyman. clearly: there's

david: i'm david westin alongside alix steel. are you in the market for a new car? alix: my husband is. david: better by sooner than later. prices are going up. alix: it is not like they are cheap to begin with. in the market,, in the equity markets, going nowhere. euro-dollar up to tens of 1%. weaker dollar story after minutes came out yesterday. a potential government moving forward in italy. in the u.s., action going to be, a steeper curve. buying in the short end, selling in the long end. crude it down by 7/10 of 1%, despite opec ministers in russia, meeting and chatting over the next couple days. david: still over $71. way up. time for the morning brave. ief. at 10:00, existing home sales for the month of april. u.s. treasury auctioning $30 billion in its seven-year notes. time for the first take. columnist. the top story is the announcement overnight the united states is investigating autos. we will show you what is happening. bmw, porscheard, all down. japan, same story. mazda, mitsubishi, quick reaction. there is a lot of hesitance in the marketplace. >> this

from bloomberg's world headquarters in new york, i'm david westin. and i'm shery ahn.omberg markets, balance of power." with a focus on the intersection of politics and the economy. here are the top stories we are watching at this hour. automaker stuck between a rock and a hard place . is administration's clash pain point as administrators visit the white house. and on the agenda today, the president setting out a blueprint to curb the ballooning health care costs in the u.s.. president trump will face his biggest dealmaking challenge next month, the stakes are high for his historic meeting with the north korean leader, kim jong-un. p.j. crowley joins us with his insight ahead -- his insight, ahead. ♪ shery: the white house -- today, president

david westin is in d.c. he had a fancy dinner yesterday and will be fancy there today. ll work. i miss you. there is a lot going down here. the president will meet with presidents of all companies and give a speech about drugs, and on top of that, we have nuclear issues that affect just about everyone. there is a lot going on in washington. alix: and a lot of questions. if we get clarity from automakers and drug companies, but on the iranian issue, there are questions on how strict the u.s. will enforce the sanctions. any clarity on that will be what the markets are looking for. david: and ultimately what that means for the nuclear program and iran. we will talk to sam nunn, the former longtime senator from georgia, about the nuclear and iran.north korea he has been a pioneer in this area. after that, we will get back to thes and talk with secretary and get a preview of what the president will layout. alix: it is a pretty goldilocks scenario. s&p 500 futures by five. it was fun but not as firm as we would like, and that has helped prepare -- propel the rally. watching th

david: i'm david westin.berg balance of power." -- bloomberg markets: balance of power." demanding antrump investigation as to whether the fbi spied on his campaign, putting fresh pressure on the mueller team to wrap the grove this summer -- the probe this summer. venezuela gets six more years of nicholas maduro. does that mean six more years of a disastrous economy and mass protests? ♪ shery:

dan, the president of the company earlier told david westin they were not looking for this capital. the world's's making this fund is investment shortly after investing in uber is really a feather in the cap. >> they want to be involved in this i'm sure. the stock is up 10% in the downmarket. tesla's down two and a quarter percent by the way. >> that is the goal. their goal is to put out the first autonomous -- it puts them not just head-to-head with tesla . it is really putting them the forefront of the market. world's's largest automaker but now they have this whole other side and if we take , we will see here just how well the stock is doing on above average. valuation is trading at a huge discount, 7% from its purest are that is being valued for the old-line. once investors take a look at the technology, giving them a knowslogy evaluation, who your the stock could just continue to climb. very exciting for sure. >> the news yesterday. all right. thank you. is our stock of the hour. >> fascinating stuff on autonomous driving. ae of our key stories is market reaction to the fact th

i'm david westin. shery: and i'm shery ahn. welcome to bloomberg balance of power. e top stories we are watching. from talk to action, president trump will impose tariffs on imports from europe, canada, and mexico at midnight tonight. litigation to reciprocal tariffs. inflation in consumption numbers continued growth, while european inflation surprises the upside while we wait for u.s. job numbers coming tomorrow. and is the president right on china? a new book proposes that president xi is seeking global leadership even as he restricts global capital and goods. david: countdown to midnight. wilbur ross announced the united states w

i am david westin. shery: i am shery ahn. bloomberg markets balance of power with a focus on the intersection of politics and the economy. david: decision time, president trump is about to announce his decision on withdrawing from the nuclear deal with iran. there are conflicting reports on what he will do. will it put an end to the question or lead to further negotiation? how will u.s. allies react? it is primary day in four states. what will we learn about the elections in november and the odds of republicans holding onto the house? we will meet with tom price, former secretary of hhs. we will talk to him about washington and the trump administration. oil has been all over the

i'm david westin. are you feeling better or anxious? alix: feeling better. eel italy is that they may skip out on their vacation? david: who will turn out to vote? they might be at the beach. alix: here is where we are in the markets. a sigh of relief across all asset classes. s&p futures up 12 points after getting rather yesterday on italy fears. euro-dollar is now 1.16. overall a weaker dollar day with the exception of the japanese yen as a savior and bid takes off. the 10 year yield is up by nine 2.87.points, crude is up .6%, a risk on day, but also recovering as we head into some opec meetings over the weekend. david: time for the morning brief. we will get a second read on u.s. gdp and core personal consumption. 2:00 this afternoon, the federal reserve releases the beige book. following that, the fed will also begin its meetings on rolling back the volcker rule for the banks to which it still applies. now we turn back to italy. italy continues to go through its political turmoil as every day brings a new twist to the president's efforts to form a governm

i'm david westin. shery: i am shery ahn. welcome to bloomberg markets balance of power. e top stories we are watching the start. reaching for the summit. reachent moon jae-in will the white house this hour for a meeting with president trump as they prepare for the summit with kim jong-un. we speak to the chairman of the house homeland security committee on immigration, the border welcome and north korea. , markology tour zuckerberg appears before european lawmakers, trying to reassure them about facebook's use of data of its 2 billion users in the wake of the cambridge analytica scandal. president trump set to meet with south korea's president moon jae-in this

. ♪ david: from bloomberg's world headquarters in new york, i'm david westin. i'm shery ahn. loomberg markets: balance of power was an intersection on politics and the economy. david: who said it was going to be using? -- easy? north korea cancels high-level talks with the south and says the summit with president trump is in doubt unless the u.s. withdraws from military exercises. out of the loop. president trump told senate investigators that he did not -- and that he never colluded with the russians. come cheap.oesn't novartis fires his general counsel. and the ceo tells 5000 of its managers that the company has to work to regain public trust. >>

from new york, i am david westin . welcome to bloomberg markets: balance of power. david: loving the jobs. president trump lauds the jobs report by says u.s. has to bring fairness with trade to china as the delegation says more work needs to be done. , we talk withise outgoing new york fed president taylordley with on appeared -- john taylor. as president trump goes to , weess the nra and dallas fromto the representative florida where the shooting took place. what happened to all that talk about gun control? ♪ shery: two days of

i am david westin here with alix steel. alix: i read the whole treasury statement and i found it really fascinating. we are seeing reverberations in the market. s&p futures up by 11 points. the dollar stronger, at one point the highest in four months. .he euro climbing up 1/10 of 1% still a lot of longs on the euro. , if you are all bond holder unless you are buying peripherals in europe. is, well we finally ca3 handle on that option? .rude up over 2% it was fascinating yesterday watching the iran announcement. president trump was talking big talk, crude went up. then he talks more conciliatory and oil is down. david: different news organizations had different reports. alix: volatility really low and you have high-yield energy bonds not moving, so there is stability in the longer-term price. david: kind of the story of this presidency. it is time for the morning brief. at 8:30 eastern time, we get the u.s. producer price index. at one :00 this afternoon, the united states treasury sells $25 billion of 10 year notes. at 1:15

kevin: i'm in for david westin. welcome to "bloomberg markets: balance of power."olitics and economy. shery: president trump announcing he will meet north korean leader kim jong-un on june 12 in singapore. iran and the fallout of the u.s. exit from the nuclear deal. the u.s. stands by israel after iran launches an attack. -- 31 billion dollar credit line to calm markets that have been hit by looming government spending. kevin: a busy day and washington, d.c. here to break it down is our bloomberg washington

from new york, i'm david westin. >> welcome to bloomberg markets: balance of powers with a focus on thed the economy. , the cupon and off administration and the chinese cannot agree on what has been offered in their trade negotiations. there arehthizer says big gaps keeping the nafta partners from getting a new agreement. , things theations donald trump sec has talked about the most as radiating for cryptocurrencies. we will talk about the new -- with the new fcc commissioner. boating in caracas, even as wayland -- even is women's people hit the polls -- venezuela's people will hit the polls, what it means for the future of the troubled state. ♪ david: we get a check of the markets which are somewhat mixed. there is julie hyman.

senator rob portman speaking to date with david westin. argentina needs a lifeline. -- set to meet with christina lagarde. a $30 billioning credit line to calm assets rocked by concerns of overheating inflation. ramos. me is alberto .hank you for joining us it alberto: is an important source of cheap financing for argentina. allow argentina to stay away from international -- markets for now. large external funding requirements and the steady presence of argentina in international markets. that they have access to a pool of cheap finance without being subject to the whims of the market. shery: you can see argentina --tury bonds which expire in the imf credit lines will not come for free. there will be demands. at what cost? alberto: there will be a condition that will be agreed with the artist -- with the argentine authorities. the money will not be disbursed immediately. there will be a sequence in which authorities have to perform according to the criteria set by the imf. that is part of the economic and financial cost of it. the other is

david: i am david westin.turn to first word news. >> president trump sending a hawkish message to beijing. he is moving ahead with sanctions on $50 billion of chinese imports. the finalist will be released on june 15. the u.s. and north korea are acting as if they will still hold that historic summit next month. kim jong-un has sent one of his top aides to the u.s. president trump praised the move, calling the trip a solid response. president trump will meet with the japanese prime minister in washington on june 7. belgium, authorities fear that an attack that left four people dead may have been terror related. the attacker was killed by police. a new study says the death toll in puerto rico from hurricane maria is much larger than the government says. according to the study, more than 4400 people died in the disaster. the government says there were 64 deaths. researchers found that health care disruptions for the elderly and the loss of basic utilities had a significant impact. global news 24 hours a day, on

david: i am david westin. welcome to "bloomberg markets." intersection of power and the economy. trump extendsnt tariff exemptions for the eu and canada. revealingetanyahu information, hoping to sway president trump to pull out of the iranian nuclear deal. we will hear from senator ben cardin. i have this hour, some big news from the milken conference, the ceo of fannie mae and jane harman are among our guests. ♪ david: 30 more days. president trump has extended a temporary exemption for steel and aluminum

david westin spoke to gm president dan ammon about the investment.is a pretty exciting next step on our road to deport these vehicles in 2019. as you said, everything we are doing on the path to that point in time is all about safety and safety being the overriding priority to all of our development of around av. we think we are on track to deliver that. one of the things you will have to do is you will have to go through the national highway safety administration. what will the process be like? you confident you will get approval? dan: as i said, the overall approach and one of the biggest benefits of this technology is all about safety. that is the objective we are focused on the we look forward to working with them to explain our approach to the technology and why we believe we will be ready to deploy in 2019. david: give us a sense, because you understand this, of how much more complex it is to be in an urban environment than some of the things we have seen already. are deploying -- testing our vehicles in cymer to scale on the one hand, and also

david: i am david westin in new york.eizedpresident and occupy the national spotlight like the current occupant of the oval office. jon meacham is a student of american history and of american presidents. having written biographies of george herbert walker bush, and andrew jackson. he has put together a study of the american presidency through the years. the soul of america, the battle of our better dangers -- better angels -- we welcome jon meacham to bloomberg. >> thank you. david: i want to start up bringing it up to the current time. you write that the american people have counted on a certain plasticity in the american president and hope for the best. you go on to say that such hopes have not often been realized. near the end of donald trump's first year in power new york times reported that he had told top aides to think of each presidential day as an episode in a television show in which he vanquishes rivals. this is sort of a hobbesian view of the presidency, it is not common for other presidents. how different is

david: welcome to "bloomberg markets," i'm david westin with alix steel. things have been better? gorman. alix: spanish politics is fascinating. it seems like no one is interesting. two-year yields in spain are negative versus italy now positive. huge move this week. fascinating. socialist

i am david westin here with alix steel.nt and i found it really fascinating. we are seeing reverberations in the market. s&p futures up by 11 points. the dollar stronger, at one point the highest in four months. .he euro climbing up 1/10 of 1% still a lot of longs on the eu.

scarlet: that was jay clayton speaking with our david westin.e want to move to our stock of the hour. red robin tumbling. comparable sales unexpectedly dropped in the first quarter. i cannot member the last time i have seen a red robin. is it a mall kind of restaurant? >> they are in malls some times, freestanding red robins are sort of around. joe: kind of like where you would see a chili's. julie: it is comparable to that. robin, it seems to be competition and a lot of price-cutting that it has been doing in order to keep up with that. joe: i am curious whether this is one of those companies caught in the middle between mcdonald's and burger king, then all the hip ones like five guys, shake shack. julie: it seems like it is trying to find its way. it also kind of had a false start. i have the comp sales for red robin. last quarter, the company had a pretty decent same-store sales gain. after having disappointing numbers -- it's been choppy. there was a hope that things were starting to improve, but the momentum has now been lost. we saw comp s

i'm david westin. what do you have?e a quick snapshot of where we are in the market. features are quite .6%. shorten trading week as well as yesterday's light trading. euro-dollar up 6/10 of 1%. where all the euro bulls who are seeing 130. how much downside are you seeing? do we get that same kind of downside today during this next crisis? talk about the big move. 149 basis point is how much we have added to the two-year yield over in italy as the btp selloff continues. much change as you would've thought. crude down the mosys session by almost 1.5%. time for the morning brief. a shortened but eventful week. tomorrow, a second read on gdp and core growth for the first quarter. on thursday, personal income and spending. on friday, jobs day. we learn how many jobs the u.s. added last month and how much wages came up. italy -- alix: in italy, here is what we hear. that west never forget are only ever a few short steps away from serious risk of losing the irreplaceable asset of trust. the trust and strength of our country,

i'm david westin with julia chatterley. welcome back. julia: you had the courage to come back. julia: the president may or not have a plan. for the first time in five days, stocks set to open .2%. the look has a whole host of factors. modest gains for the u.s. market yesterday. a break for the dow. this comes off the back of a weaker asia session and a muted european sessions. we'll talk about china in a second. also what we saw in europe. is --estion for the ecb is this going to be sustained or is it temporary? euro-dollar under a bit of pressure given the session today. right now, trading above $71.5 a barrel for crude. protests in gaza adding to the sentiment in that market. david: the magic 71 number. time now for the morning brief. you get economic data including critical retail sales numbers for the month of april. at 10:00 this morning, richard clara, will have his confirmation hearing for the senate banking committee. china's eyes president -- vice keyident arrives for a talks on trade. now to the bloomberg first take. we are joined by peggy collins. policy is internati

mark: david westin speaking to the logitech chief executive. it is a bank holiday here in the u.k.al uncertainty continuing to weigh on sentiment here, both in italy and spain. the dax, the cac 40, and the all trading lower. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. mark: 1:00 p.m. in london, 2:00 p.m. in france for it, it :00 p.m. in hong kong. from european headquarters, i am mark barton. welcome to "bloomberg markets." hair of the top stories we are covering from the bloomberg and around the world -- here are the top stories. spain, the future of prime minister rajoy remaining in doubt. in italy, the president has asked for government to be formed. the turkish lira is gettin

david: welcome to "bloomberg markets," i'm david westin with alix steel. things have been better? alix: italy seems like a thing of the past. david: james gorman. alix: spanish politics is fascinating. it seems like no one is interesting. two-year yields in spain are negative versus italy now positive. huge move this week. fascinating. socialist government, no-confidence vote, no one seems to care. david: how many times have you overreacted to geopolitics? alix: 100%. david set it, things are looking better. s&p futures flat. euro-dollar at 1.17. dollar getting strength. we will have rebalancing in different classes. treasuryll a sell story, yields higher by two basis points. 2.86. crude down, perhaps we see more inventory, online, perhaps a dollar off the lowest session. david: time for the morning brief. a lot of economic data. personal income and spending, jobless claims down at 8:30 a.m. and at 2:00 this afternoon, facebook has the annual shareholders meeting. g7 financeumbia, ministers and central bankers have a dinner tonight before meetings focused on global growth. alix: th

david: welcome to "bloomberg daybreak," i'm david westin. alix steel back with us. alix: i am back. david: we are waiting for walmart earnings. lots going on. growth in e-commerce critical. they trailed in the fourth quarter, margins are important. people are watching to see how they're doing to move aggressively in e-commerce, given transactions around the world. alix: by the way. mkm partnerever, joins us on the phone. what are you watching? most important number? patrick: e-commerce growth rate. that slowed fourth quarter around 22%. it was double that in third-quarter. others are looking for summary acceleration in first quarter, north of 30%. that will be a focus. david: we have the earnings. store sales, up 2.1%. a slight disappointment. e-commerce sales up 33%. it was 22% in fourth quarter. it was up 50% in the third quarter last year. adjusted earnings per share, 1.1 4. a little over estimate. that is the quick review. go to e-commerce. up 33%, better than fourth quarter but not as good as third quarter last year. mentioned thelso u.s. -- 2.3%. i have a lot of numbers crossin