emma: i am emma chandra and you're watching "bloomberg technology."ohnrs lost after the uss mccain collided with an oil tanker near singapore continues. it is the second collision involving a u.s. warship in the pacific region in two months. the navy has ordered a wide range investigation. the "washington post" reports the secret service on the has enough funds to protect the trump family until the end of september after a "usa today" capst said they hit meant to last until the end of the year. the louisiana congressman says a date has not been set yet for his return. but when he does report that, it will be on his doctor's recommendation. he participated today in a conference call with fellow lawmakers. he was shot by a gunman during a baseball practice. president trump is expected to announce a troop increase in afghanistan. he has been working with advisors on a strategy for america's longest war. as many as 4000 troops could be dispatched. trump is

in a smith -- emma smith devoe joins up with this very colorful tton. named may hu she was a camp cook in the silver mines in northern idaho in the quarterly district. she married a railroad engineer by the name of hutton, and they buy an interest in the hercules mine. the hercules mind become the most profitable silver mine of that era in idaho, and they become millionaires almost overnight. she is a very colorful figure. you have emma, who is kind of comes out of the temperate abolitionist suffrage movement, and you have may, who comes to this from a colorful past. together they do send on olivia -- they descend on olivia and the legislature -- all men, of of courseh and 8 -- -- and they were to get an amendment to the ballot. 1909, the house votes for the amendment, and it passes by i think 10 to 20 votes. then in february, the senate votes, the washington state senate. by a bigger majority, and on february 25, 1909, the governor signed the bill to create the opportunity for washingtonians to vote for suffrage for women in washington state. upthat vo

emma and corny getting married too? they're the perfect piggy pair. beautiful. aww! aww! you all right, chase? i must have gotten something in my eye. ♪ you're all good pups ♪ yee-haw! yee-haw! ♪ and you saved the day wee! whoa! ♪ now it's time to play round adventure bay ♪ whoa! whoa, whoa! hold on, corny! just 'cause it's your wedding, doesn't mean you get to eat the whole cake. you don't eat the bouquet, emma. you toss it. ready? one, two, three. i got it! i got it! i got it! i got it! i got it! i got it! yes! ♪ p-p-paw, paw, paw patrol ♪ (squealing) ♪ paw patrol, paw patrol ♪ we'll be there on the double ♪ ♪ whenever there's a problem ♪ ♪ 'round adventure bay ♪ ♪ ryder and his team of pups ♪ will come and save the day ♪ ♪ marshall, rubble, chase, ♪ rocky, zuma, skye ♪ yeah, they're on the way ♪ ♪ paw patrol, paw patrol ♪ whenever you're in trouble ♪ ♪ paw patrol, paw patrol ♪ we'll be there on the double ♪ ♪ no job is too big, no pup is too small ♪ ♪ paw patrol, we're on a roll! ♪

so you have emma who is kind of comes out of the temperance movement and may who comes to this from a colorful past. together, they do send -- descend on olympia and the legislature which is all men, and they work together in different ways to get the legislature to approve an amendment for the ballot. 1909, the house votes for the amendment and it 10-20 votes.hink and then in february, the washington state senate passes it by a bigger majority. in february of 1909, the governor signs the bill to create the opportunity for washingtonians to vote for suffrage for women in washington state. vote is going to come up before washington men in november of 1910. and so, the suffrage amendment passes on november 8, 1910. in washington becomes the fifth state in the union to pass suffrage. the people coming west were people who were probably risk-takers, looking to break out of some conventional life they might have experienced in the east. a lot of suffragettes came out here from the east and work hard because they saw the opportunity. our staff recently traveled to tacoma, washington, to lea

amy: but who was emma lazarus? why did she write the poem?w did it end up being one of the most iconic verses about the united states? for more, we're joined by esther schor, author of the biography "emma lazarus," acting chair of the humanities council at princeton university and she is joining us from london. welcome to democracy now!, professor schor. what thespond to senior advisor to president trump, stephen miller, said about this poem. >> you know, i was appalled to hear it but not surprised, amy. i follow emma lazarus's poetry and its use in the public sphere quite closely, and i get google alerts every time of a quote huddled masses" is mentioned in the press. he was taking a page from the "alt-right playbook," were this poem has been dismissed and called graffiti, and it has been said that it is simply a distraction and that is not what the statue government. the rhetoric goes from there. -- emma lazarus has been called the jurist who is trying to destroy the u.s., etc. so it was not shocking to me. i think what happened was, as you

here is emma chandra.ctions between two terrorist attacks. media reports say a vehicle broke through a checkpoint and ran over pedestrians. that after 14 people were killed when a van ran them down in ramblas area.s at least 100 people have been injured. the islamic state has claimed responsibility. gary cohn is expected to stay put as economic advisor. he was said to be upset after the president's remarks on charlottesville this week. but they say he is not quitting. the president says gary cohn is one of the top contenders to be the next fed chairman. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra, this is bloomberg. david: as we head to the weekend we all wonder what shumate drop next on the trump presidency? prominent ceos withdrawing from councils and now bob corker from theessee questioning president's capacity to fulfill the demands of his office. >> i think we need radical changes. he is not yet been able to demonstrate th

that is emma smith defoe, who ends up coming a leader of the washington state suffrage movement, and lived and worked right here in tacoma near our history museum. she saw susan b anthony in central illinois when she was eight years old, and susan b anthony asked, "who is the audience believes women should have the right to vote?" as an eight-year-old, she stood up. that was a memorable experience that definitely has the connection to our state from 1848 right through to 1910. right about the same time as the women's convention in seneca falls, women and men -- families who were traveling west -- were hearty people, and at that time in 1850, congress passed to the the oregon donation land claim laws. anyone who came to the oregon territory before 1849 got out right 640 acres of land. after 1850 they cut that in half to 320 acres. the interesting thing is that that amount of land, half of it was in the woman's name. 320 acres were given to a couple. if you were a single man, you got half of that. if you are a single woman you got half of that. but half of the acreage was always in the

emma llanso: section 230 is really one of the cornerstones of free speech online.a: critics of yours will say this is just a bunch of legal acrobatics that protect pimps that protect traffickers while kids are being raped. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] ♪ sharyl: welcome to "full measure." i'm sharyl attkisson. our cover story this week may lead you to question much of what you hear and read about scientific and medical studies. it's a cautionary note issued by respected industry leaders who say unseen interests are exerting enormous control over research and what is or isn't published. their startling claim -- that a large percentage of articles in prestigious medical journals are simply not to be believed. we begin with dr. marcia angell of harvard, a pioneer in the medical journal field. dr. angell: i think physicians and the public have come to believe that drugs are much better and much safer than they really are. sharyl: what makes dr. marcia angell's ske

emma chandra has more. emma: two u.s.ed to visit kuwait as part of the push to diffuse the gulf crisis. the envoys will also visit the other four countries in the allies before going to qatar. qatar on have isolated extremism. and maduro claiming victory after what he claims is a terrorist attack on a military base. they have detained seven of the attackers. the attackers confessed they were working with the opposition the back by foreign governments. prosecutors demanded a 12 year prison sentence for the air to the samsung fortune. he is accused of bribing a presidential confidence. lee has been in detention since february. the scandal led to the ousting of the president. and the new chief of staff in america trying to put the end -- to an end to the chaos in the white house. kelly has warned against leaks, and he also tells staffers to put the country first, the president second, and of their own needs last. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am e

emma: the u.k.e it to look like and they do not want it to look like a border at all. they do not want a physical infrastructure that would look like a board of four historical reasons. becausentroversial during the times of trouble in northern ireland, there were military checkpoints on that border. anything that looks like that were brings back those memories will be controversial. also, in terms of the practicalities of day today, huge amount of trade goes across that border, animals roam freely. you might not notice you had driven across the border at the moment, so it is crucial for the irish economy that there isn't a hard border there. ireland has welcomed the uk's proposal. i spoke to my colleague in dublin and he said it is the kirst time to has been a chin between the irish government and the eu because ireland a saying they like the u.k. proposal and they are saying it is a test to the eu and how they treat small companies -- countries. jonathan:, issues before they get to the future of t

vonnie: emma, we are going to thank you.aking news now -- we know that the president has told aides that he has decided to push out steve bannon as chief strategist. there discussing how and when to do it. this is according to "the new york times." "the new york times" has reported that he is decided to push out steve bannon. there's been a lot of speculation as to whether bannon we go. john kelly was undertaking a review and we are waiting to see if that review would produce the recommendation to fire steve bannon. reportingear times" that president trump has told aides that he is trying to push out steve bannon. there discussing how and when to do it. -- they are discussing how and when to do it could let's bring in kevin cirilli. hardly a surprise, but we are waiting for an official return from chief of staff john kelly . hasn: president trump reported told aides that he has decided to push out steve bannon. i've been talking to sources all afternoon about this. they have been anticipating that steve bannon is under revie

i am emma chandra. this is bloomberg.er friday as payroll product, coming up, an all-star lineup of guest react to the u.s. payrolls report, including alan krueger of princeton, and reacting immediately to the number is no gross of janice. -- janus. do not miss those conversations. you are watching bloomberg. ♪ ♪ emma: this is bloomberg daybreak been at 2:00 p.m. on bloomberg markets, terry duffy. ♪ david: our colleague is with us, erik schatzker, with a very special guest. >> with the cofounder and cochairman of oaktree capital. good morning. >> as many people know, you have a flair for writing memos and in your latest, you do what few people have the courage to do, particularly at a time when everyone is making so much money in financial markets, you have sounded a warning, why? >> the time to sound the warning is when everybody is making a lot of money. that means the market is going up, up, up and enthusiasm is incorporated in prices and behavior. you cannot sound a warning after the thing has turned over and died. ma

here is emma chandra.he houston area that lost its power in tropical storm harvey. warned the plant was without power to refrigerate chemicals that become volatile as the temperature rises. they make organic peroxides there. headwaters are receding in houston today. firefighters plan to conduct a block by block search in areas that had been inaccessible. the death toll from the storm has risen to 31. harvey has now knocked out u.s. oil refining capacity. steelmaking capacity is at a seven-year low. the cost of rebuilding from the storm may be a roadblock for president trump's tax cut plan. the president calls on congress to quickly deliver a harvey a package, that the multibillion-dollar cost means stiffer resistance to tax changes that are not offset by new revenue. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. jonathan: economic data from this morning revealed u.s. consumer spending rose less than estimated

bird iii spoke with emma chandra. have l.136 stores and we keep meeting what customers are looking for. emma: you are adding stores at quite a clip. that is something we are not seeing across the retail sector. lewis: yeah, we are. most of the time they are second-generation stores. most are closing right now. we see opportunity, we go in those markets, and we can open up a store within 90 days from the time another store closes. you are moving into stores that places like jcpenney, home depot -- other big boxes are vacated. they are not working for them. how are they working for you? lewis: it comes down to offerings. it is all private label. he consider ourselves fast fashion of home to corporate all the styles that are out there you can find in a one-stop-shop. our customers love to shop for our items, and they find our stores refreshing and inspiring, as well as easy to navigate. how do you target the stores that have been vacated by other retailers and you see good for -- as good for you? lee: we have targeted the most v

and they stopped, and a couple months later, emma came to me and said, "mommy, i wanna skate again," it kinda surprised me, and i went, "really? i mean, like, are you sure? because if you skate, you need to get a coach, you need to do this properly. it's gonna be more than once a week. you know, skating, it takes a lot of time." and she said, "i'm fine with that." and so she's been doing it for about 5 years now. robert: i'm gonna assume that a lot of people know the history of you and rudy and all that, but essentially, rudy galindo is her coach. in terms of picking a coach, how did you end up doing that? kristi: you know, at the time that emma had said, "mom, i wanna skate," and i said, "you need a coach," and i had, you know, rudy and i had kind of reconnected, and, you know, i asked him, i'm like, "are you taking new students 'cause emma really wants to skate? and it would be, you know, great for her to work with you." and he's like, "yeah," and like, "let's start it." so, it's been great because they've really connected and bonded, and there's a lot of--it's fun to watch them wo

emma: presumably. she comes back from holiday next week. interesting to see where she stands and how her position has evolved. publicly at least it seems it has. being felt in the streets, house prices. it's not just in america that people love to look -- love to own homes, it's everywhere. there's been a bit of a stagnation if not a slump in house prices. .mma: that's right obviously there is a brexit component, but it is also about affordability. in london to buy a house it's something like 14 times your gross salary for the average person. there is sort of the affordability, it's reaching a limit, if you like, in terms of whether people can buy a house or not. the next round of talks, begsiations, it basically the question, how close are we to discussing trade rather than the irish border. emma: it depends on the progress they make on those issues area around in august, a round in september, and the first opportunity the leaders have to decide whether any progress has been made in order to go ahead and talk about trade. last month in pri

this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak." i am emma chandra.former housing and urban development secretary. this is bloomberg. ♪ verbaln: some intervention into the fx market, from the european central bank. the account from the last meeting thought -- showing a set of officials expressing concern over risk of the euro overshooting. we roll over a little bit enemy bounceback, down by .6% on euro-dollar south of 1.17. down on the week by one full percentage point. if you were expecting a hawkish president mario draghi in jackson hole, maybe it is time to rethink that. euro-dollar, 1.1687 down by .7%. more concerned about the rising inflows. according to a new note out by citigroup after attracting $47 billion in new crash, -- have made developing nations -- jurrien timmer joins us now to discuss. is that a big risk? jurrien: when i look at the flows and wonder because people tell me em is up 6% and it's a crowded trade, when i look at the passive and active flows etf's,uity em funds and it does not look like it is a crowded trade at all. there's

emma: wages have not increased. on real incomes and this is something of the bank of england has mentioned. one of the things putting off a rate hike. arelso showed how consumers saving money, whether it is on reducing grocery bills, stopping spending money on clothes. there is evidence of how they are scaling back spending. as we have is just really just got the negotiations underway. very briefly. could we see any delay to those? emma: after that round of negotiations in july, it was unlikely that negotiations would be able to move on to the next phase, it is the trade phase until october. if that does not happen, it will be december. nejra: thank you so much, emma ross-thomas. vonnie: breaking news. -- plotting his escape from the federal reserve's top oversight -- tough oversight. this would lay the groundwork for it to escape the important title. metlife won the legal victory last year which might be setting the table for prudential financial to do the exact same thing. this is according to people familiar with

emma: we've got until thursday.re have been talks behind the scenes that davis and high-level eu officials are on board with some kind of transitional deal by which they will pay certain amounts into the budget, over three years, maintain the access and this could actually be achieved. at the moment, it is very much behind the scenes. ross thomas,a bloomberg's london bureau chief. vonnie: so lucky to have you in. thank you for coming in on a bank holiday in london. still ahead, we are talking with john rogers, ceo of ariel investments. finding opportunities in the long-running bull market. this is bloomberg. ♪ mark: live from london, i'm mark barton. theie: and live from bloomberg world headquarters in new york, i am vonnie quinn. annual symposium in jackson hole wrapped up this weekend. bloombergs michael mckee got a chance to sit down with cleveland's fed president who has been more one of -- one of the more hawkish members but -- of the fomc. >> monetary policy is still accommodative. the gradual path of normaliz

emma clarke was born in liverpool in 1876.sh ladies team debuted in 1885. it was a match attended by 11,000. she later went on to tour scotland, so what do we know about this loss pioneer of women's football? emma clark's character has taken a long time to re—search, because lots of history has been whitewashed, as with lots of black characters from that time period, so it's been quite difficult for me to re—search and find accurate information about her. to go through that struggle of being a black woman, being picked for a team to play, i've had to try hard to imagine what that's like. today the women's game is stronger than ever, but it faced a long history of setbacks, including the ban in 1921 which stopped women playing for the next 50 years. the reason they actually banned all said they banned it was because doctor said it was dangerous for women's bodies to play football. it was fine to go to factories, to work ina it was fine to go to factories, to work in a munitions factories, to have lots of babies and the rest of

emma: there has to be someone on the other side of this.ntioned the lmex there that is made quite a bit of gains so far this year. some people are saying that bullish year, even though prices look high, will be range bound at the top end of those prices. other investors are saying, you know what? china growth a year from now will be a lot slower than it is today, and we are getting a little bit nervous about the skyhigh prices we are seeing and some of these metals coming off of china demand. vonnie: taylor riggs, thank you. turning now to retail and another stock where shares higher, up more than 3%, target boosting its forecast for the rest of the year after second-quarter sales topped analysts' estimates. a signed a big-box retailer is improving online sales and customer traffic. joining us is a senior analyst. he currently has a market perform rating on target, 12 month price tag of $60 per share. joe, is this a comeback story or is this a clawing on until amazon finally eats everybody up? >> they are doing what they can to compete with

emma chandra has more.merica's top admiral has called for a wide-ranging investigation into the pacific fleet. thousand after the uss john s mccain collided with the tanker in singapore. 10 sailors are missing and five are injured. the mccain has significant damage to its hull. this is the second significant crash and less than two months. spain has launched a massive manhunt for the suspected driver in the barcelona terror attack. they have set 800 checkpoints across the catalonia region. the death toll has been raised to 15. the new victim was found dead in a car. that car was believed to be used as a getaway vehicle. president trump makes upon time speech tonight -- a primetime speech tonight on america's longest war. and his advisers have been working on a revised policy for the war in afghanistan where americans have been fighting from a 16 years. the big question is whether he is committing more u.s. troops. you can watch the speech on bloomberg television at 9:00 p.m. new york time today. the first r

here is emma chandra. emma: in singapore, the bodies of some u.s. sailors have been found aboard the damaged u.s. warship. remains were found in flooded compartments of the uss john s. mccain. malaysian authorities also found and identified body -- an unide ntified body. 10 sailors went missing after the mccain collided with a tanker. in a speech last night, the president announced an open-ended commitment to keep american forces in afghanistan. >> we are not nationbuilding again. we are killing terrorists. emma: american soldiers have been in afghanistan almost 16 years. the president the consequences of a rapid exit would be acceptable. -- would be unacceptable. a pentagon plan calls for 4000 more americans to be sent to --in afghan warriors soldiers. kim jong-un says the u.s. could face merciless revenge because it is engaging in military drills with south korea. wantsbrexit, the u.k. ofdon to state in the middle a territory dispute. english law governs 40% of arbitration cases. global news 24 hours a day, powered by more than 2700 journalists an

i am emma chandra. this is bloomberg.h african vote, we are joined by -- in our bureau. what is this boat about? >> into the boat, opposition members are arguing or debating the course for south africa's leadership. the motion of no-confidence in the president entails, basically, the opposition leadership saying the president is not a legitimate one and does not deserve to be in power so essentially, they believe the corruption he has left in his 10 has led to tenure south africa being in a precarious situation, that is with certainus agencies. we are in a recession as well what south africa not seeing positive moves with where guard to the president's tenure. south africa is not currently being led by a leader that the opposition leaders believe is the right person for the country. so the motion is hoping to get him out and get him knew leadership for the country. survived sixe has votes. this is different because it is secret but still, 50 people of his own party would have to vote against him. what is the probability o

emma: right.ut and approved the idea that they would buy a company and investors interpreted that as a bearish signal for the industry as a whole. any takeover over campbell's seemed to to die down. vonnie: it is a very british term. -poo'd the idea. else emma chandra. mark: time for business flash, some of the biggest business stories. wells fargo fake account scandal is growing. the bank said employees created accounts then thought bringing the total to 3.5 billion -- million. they had agreed to pay $185 million in fines. best buy trying to keep pace with amazon.com. the retailer is brand same day delivery service to more than a dozen new cities in the u.s. best buy will cut the delivery fee by more than half to $5.99. unemployment benefits in the u.s. came in lower than expected. to close toms rose a four decade low. the government comes out with the august jobs report tomorrow. there is the latest bloomberg business flash. vonnie: thank you. one of the most read stories today, in-depth look at

emma gained 15 pounds of muscle to play the tennis icon. >> i did a lot of weight lifting and fitnessust kind of studying her way of being physically. i mean this is probably the most physical role that i have done in certain ways. >> there i shes. billie jean king. >>by bob rigs. >> she sort of bulked up. i thought we were doing a table read, and she started working out. and she said, oh, my god. i'm just so hungry all the time. >> i'm going to put the show back in choef nichl shove nichl. >> the publicity-loving riggs hyped the event by proclaiming that men were better athletes than women. >> i love food in the bedroom and in the kitchen. >> a lot would be made about him being just a sexist pig, and people were so outraged, but you knew it was just an act. u was part of his charm. >> i'm the champ. how can i lose? >> because dinosaurs can't play tennis? >> billie jean visited the set of the movie, and the real life live primetime event was watched by 90 million pe. ople >> i think until very recently it was the most viewed sporting event in history. >> i'm done talking. let's play.

. >> emma stoddard. >> what was the inspiration behind it? it looks beautiful by the way. >> thank you. just the beautiful town of fredericksburg actually. i've lived here for about 12 years, and, um, just all of our inspiration. our community is so strong here. >> any particular -- what's each theme? each one has a different color to it. >> the l is representative of our arts culture visual arts performing arts. the o is representative of historic areas the parks, um, the v know, our river, rappahannock river

i'm emma chandra, this is bloomberg. vonnie: thank you. one day after visiting storm ravaged texas, president donald trump will kick off the campaign to overhaul u.s. tax policy. he is heading to springfield, missouri today. this is the first what white house officials have said will be several stops in the midwest. timeline has seen some setbacks. here is what treasury secretary steven mnuchin told us yesterday at a white house news briefing. >> first of all, we have been very focused on tax reform, working with the leadership since january. i think you know earlier in the year, i said i thought we would get it done by august, and i was wrong. i am now going to say that i am very hopeful and i think we could get the sum by the end of the year, but we will continue to revisit that. join our analyst outside of the white house. swing states are the focus on this tour for the president, right? why is that? >> he has a two full domitian. he wants to galvanize americans around his tax reform, but also mission.-- twofold he wants to galvanize am

then there's a very recent book about alexander berkman and emma goldman called sasha and emma. that was their nicknames, sasha was his nickname. that they somehow had a role in all of this perhaps or possibly, an more likely, that group valanta that i was talking about, that anarchist group in san francisco, that they had something to do with it, but all of it is speculation. i think all of this certainty about the perpetrator is kind of eager having looked at all of the sources. now as the 100 year anniversary has come and gone of the attack, the only consensus seems to be there isn't consensus. the other consensus is that clearly mooney and billings did not plant that bomb. but perhaps the who-done-it question is not as significant as this broader story of why this mattered. as i kind of outlined in my three parts for you today, what this event kind of tells us, the san francisco bombing became known as the mooney case, the preparedness day bombing, stands as i think an underexplore pd and under appreciated mom ent i american history. something like this, all the way to saco

emma chandra is here. emma: president has another warning for north korea. military solutions are fully in place, locked and loaded. came long after they accused him of driving the korean peninsula toward nuclear war. the president has warned not to conduct a missile test. president trump says he is ready to declare a national emergency. that should clear the way or extra money with overdose deaths. more than 33,000 americans died from opioid overdoses in 2015. jeff bezos is down a marked -- natch. his fortune drank by $2 billion yesterday. that pushed him down to third richest person in the world. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. i am emma chandra. david: coming up, mike mayo will be joining us right here on the program. this is bloomberg. ♪ emma: coming up, the cf are a research analyst. this is bloomberg. alix: by gold, that is the message from ray dalio. said in a note we can say if things go badly, it would seem the old would benefit. if you don't have 10% in gol

and emma barnett joins and emma barnettjoins him. and emma barnett joins him.er military action by the usa will be justified. justin gatlin boyd5 getting a chorus of boos again, and we argued whether they should be more forgiveness in sport. and then esther rantzen tells us why she was arrested cause of a bowl of bad stew. join us at 10am. we will. let's check out the latest weather. i have been liberated from my earlier studio to see the glory of the day and it's looking really stupendous. very glad to say it was actually clear last night for the greater part of the country and weather watchers as ever were out in force to capture the overnight glory is and here in keswick, just standing out in that glorious sunshine. all of the above courtesy of this area of high pressure, clearing the sky is very nicely. this was the scene from just a short time ago, speckled cloud from the word go across the north and north—west of scotland, this is the area that will see the bulk of the showers today. you get the sense on the big picture on if i need to say anything else,

i am emma chandra. this is bloomberg. mark: thanks a lot. coming up, gasoline getting today. hurricane harvey hits the heart of america's energy sector. this is bloomberg. ♪ mark: live from london, i'm mark barton. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." time now for futures in focus. hurricane harvey is heading to an area in the state of texas that is home to much of the american refinery capacity.harvey has sent futures surging as refineries shut down before the real impact of the storm. joining us now is larry schober. larry, are we seeing most of the reaction in prices today, or will that come next week? larry: probably next week. right now is a very tense time. it is a wait and see moment. the market realizes there is a lot of variables to this. they are treating it right now as if it is a refining event, but we all know this could be a quick moving storm. it could compromise on shore production as well. it could also compromised soybean fields, cotton, rice, etc., so it is something tha

emma, what is going on? emma: poor earnings.sclosure, i do not think i am the la-z-boy customer, but i did read today that some of them to have a drink cooler and a heat system. joe: absolutely. i used to have one. and i am remembering how awesome it was. now i think maybe i want to go get one. emma: the problem is people are not buying them. the stock in the below expectations. i want to show you the terminal for a moment, because trading volume is at about 13 times the average, on pace for more than 4 million shares to be traded today, so that is interesting on what is happening with the stock. in terms of what happened with earnings, revenue missing estimates. higher costs and a squeezing margins, and while the sales did grow, they do not grow by that much. we have another chart widget shows the written sales, when people go into the stores and at place an order, put down a deposit. those hardly group at all and they have been -- grew at all and they have been choppy. delivered sales have also fallen, so that is not good. the

vonnie: thank you, emma chandra. 18% right now on the session.er year stock is still down 30%. it is all relative. president trump has unloaded on amazon. the president tweeted that the world's largest online retailer is hurting other stores, implying it is killing industry jobs across the u.s.. president trump attacked amazon and its founder in the past. joining us now from san francisco is cory johnson, bloomberg editor at large. what to make of these attacks on amazon not paying taxes? cory: it is really odd. there was a time when amazon operated in a way to avoid taxes , by having very little profits or no profits at all and by setting up distribution centers in places that were low tax environments, like nevada. they change that and they changed it quite a long time ago. distribution centers closer to consumers in big cities and high tax places like new york, new jersey and florida and california. they pay lots of taxes. amazon paid about 41% of its operating profits in taxes, last year. believe every reason to that this is really about the

emma simpson, bbc news.r website we have a full list of the withdrawn products containing those contaminated eggs. look at that if you need to. a lot more coming up at two o'clock with mike embley. i am on twitter. now it is time for the sports news with hello. this is sport today, live from the bbc sport centre. coming up on this programme: wayde van niekerk misses out on the double as turkey's ramil guliyev takes victory over 200m. denmark's thorbjorn 0lesen is the joint clubhouse leader on four under after the opening round of the us pga championship. and roger federer is through to the quarter finals of the montreal masters as the build up to the us open continues. hello, and welcome to the programme. we start with news from day seven at the world athletics championships in london. it was an evening when south africa's wayde van niekerk was looking to add the 200m title to the 400m he had already won. although, he came up just short, as colm harrison reports. botswa na's makwala was botswana's makwala wa

here is emma chandra. emma: thank you.dent trump threatening a government shutdown to build the border with mexico. trump professed to pass some sort of spending bill. the president wants $1.6 billion to begin building the wall. featuring a rash of accidents. the navy relieved the vice admiral. that happened just days after involvedohn mccain was with u.s. sailors dying. british prime minister theresa may once down to take control of the country's exit from europe, now the government is willing to accept a relationship with the review court of justice. the ok is open to abiding by the ruling and sticking to it. global news 24 hours a day, powered by more than 2700 journalists and analysts. i am emma chandra. jonathan: thank you. let's talk about this. is it a red line or one that has been diluted a little bit? guest: it is a redline come and this is one that has been hugely, symbolically important. the reaction has been quite muted. a very outspoken pre-brexit member of parliament says this is fine, but he does not see thi

find out why. ♪ emma: i am emma chandra. the washington post reports the u.s.only has enough money to continue protecting the trump family until the end of september, after a usa today report which said the sheer size of the trump family and the need to secure multiple residences has taken a toll. the agency says more than 1000 agents have already hit salary and overtime cap cement the last hole year. on not lifted, a third of the agents will be working overtime without pay. catalonia police say all members of the terror cell kind last week's deadly van attack in barcelona are either dead or under arrest. the regional police confirmed officers shot and killed the man behind the wheel of the van. four of the men suspected in the attacks are under arrest or dead. two were killed in a home explosion after the last attack. search and rescue efforts continued for 10 missing sailors in the pacific after the uss john mccain collided with an oil tanker near singapore. defense secretary james mattis

vonnie: emma chandra, fantastic. our stock of the hour.uld like to bring you up-to-date now on that unfolding aory in barcelona, spain -- man mowing down pedestrians in a spot popular with tourists in barcelona. it is called las ramblas. local media is reporting the driver of the van is holed up in a nearby restaurant. police in barcelona say that was a white van that mountain the sidewalk, -- mounted the sidewalk and struck several people in the district. saying there are multiple deaths and injuries and are calling it a massive mowing down of people. one of the local tv stations citing a witness saying the van rammed into people at 80 kilometers an hour, zigzagging into the crowd. police are looking for the promotion. we'll bring you more as we get it. this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. we want to bring you up-to-date on an unfolding story in barcelona, spain. a van mowing down multiple productions on las ramblas, a spot popular with tourists. various media reports have called it a terror attack. a

emma is here. emma: in france, police shot and arrested a suspect in a car attack on a paris suburb. six soldiers were injured when a car rammed into them.the area where the attacks took place is france's main intelligence agency. the trump campaign has begun turning over thousands of documents to a senate committee investigating russian meddling in the election. donald trump, junior, paul manafort have also provided documents. the senate judiciary committee may call for a public hearing next month. taking a stand against the new constitutional assembly in venezuela. 12 countries have called on president nicholas maduro to close the is simply and say they will not recognize any decision it takes. the euro says the us and we will strictly gleam unity from congress and establish a commission. three nations have reaffirmed their commitment to that agreement to cut oil production. the three are iraq, the uae, and has extent. so far, all have come up short when it comes to reducing output. 24 countries

i am emma chandra.is bloomberg. alix: thank you. take a look at oil. not on the back but, despite the move to safe haven assets, up 5.9. joining me now -- 5.9. joining me now, jeff currie. north korea -- .9. joining me now, jeff currie. jeff: if you look at geopolitical risk, they will put a bid in oil but when we think about other places, atypically impact old because they end up recurring in the basement. this year. when you have zero medical issues, trading closer to 1200 and max political tension, like with north korea, you trade closer to 1300. we are about number six now. alix: seven years ago, we would be talking about 2000. jeff: that segues nice into talking about oil and commodities. in that time period, we developed this feeling that when markets reprice, they will reprice big. about metals and energy. they are playing out today identically almost everyone and what they forecasted last october. only difference is oil is trading five dollars lower. for the most part, the fundamental story has

and emma chandra has first word news. emma: hurricane harvey hitting louisiana, making its second landfall today coming ashore in the western part of the state after dropping 50 inches of rain on southeast texas. it is blamed for at least 18 deaths in the houston area and law enforcement says 13,000 people have been rescued. $80 billion, hit making it the second costliest natural disaster in u.s. history. a warning from north korea, kim jong-un saying the testfiring of a missile over japan was a meaningful gesture toward guam. he said he will watch the response of the u.s. before deciding on further action. he is readying his military to conduct more missile launches into the ocean. and president trump renewing his pitch to tax cuts. he is traveling to spring for, missouri to discuss tax reform. he will only focus on why it is needed. he is leaving the how.up to congress and has raised questions on whether he is reflecting tax content. global news 24 hours a day, powered by more than 2700 journalists and analysts in more

emma: more struggle for the traditional content makers.avid: netflix has a very big .ocketbook at the moment short-lived white house can medications director anthony scaramucci speaking out on "this week" blasting steve bannon. saying he is steering the president in the wrong direction. anthony scaramucci: you have the annon influence, which is snag on the president. if he wants to execute the agenda for the middle class and lower class people, he has to move away from the bannon and breitbart nonsense. it is not in the president's interest. david: his previous lewd comments about fan and in an interview with "the new yorker" led to an exit from the white house after 11 days on the job. up sure that you picked there are subtle things that mr. scaramucci was doing. annonbart, trying fromrry him with breitbart which he came. are there plans to get rid of which isnon kumal clearly what anthony scaramucci was suggesting? >> there are a couple of data points. scaramucci said he is still speaking with the president. no one really leaves this whi

emma simpson is there. emma, it still looks busy behind you. noisy diggers in this part of waterloo. this is possibly the biggest and most complex engineering that this train station has seen in a century. ten platforms are closed until august 29, the day after the bank holiday. that is practically half the station. it is going to involve around 1000 engineers and on—site workers doing shifts around the clock. what they are basically doing, i don't know if you can see it, is extending the platforms to allow longer trains. this will eventually mean an extra a5,000 passengers will be able to go to and from waterloo during rush hour every day. that's the game. but the pain is big disruption. but for months now, the real bosses have been urging passengers to work from home, find alternative routes, even go on holiday. they do seem to be heeding that. because we have had no payoffs today. one commuter said it was the best to meet the dive had. it was so quiet on the trains today. —— the best commute the dive had. we will have to see how things devel

. >> spend five minutes in a room with nick and emma. you will see it. >> once or twice. do you have a number? >> the love they have is like no other. after 48 years together, it is still there. they do everything together. most of the time that means dancing. this video put them in a spotlight, where they were viewed 6 million times. the center of attention, dancing at a concert. or these grandparents were at a rapid comfort - - why were they are a wrap concert? simple. they have a motto. but for nick and emma, it is more than just a good time, it is about showing people that happiness in marriage is possible. >> they see what we feel. they feel the love. they see how close we are together. >> you have to dress - - you have to trust your dance partner. i love how he said that, if there is a beach, we are in the street. i love that. words to live by. >> okay, let's >> take a look now at the 3- degree. she. i think we hit 90s for the third day in a row. not quite making 92. we go to 83 degrees tomorrow. storms through to the west. this is a great picture in virginia. and i

emma is here with that.outh korea and japan are warning north korea not to fire missiles toward the u.s. territory of guam. south korea says that would lead to a strong response from the u.s.-south korea alliance. japan says it would be legal for them to intercept the missile. north korea has warned it may fire four missiles that could land as close as 19 miles from guam. opec has boosted estimates for demand of its crude oil this year and next. the countdown projects it needs to supply an additional 200,000 barrels a day. opec says that's because of stronger than expected fuel consumption and a weaker outlook for rival suppliers. in kenya, hacking and ford claims are threatening to spark an election crisis. the opposition claims that hackers interfered with provisional vote tallies. the election commission released initial results with the current president has a big lead. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra. this is blo

emma: president trump kick off a campaign for tax reform. won't be pushing his own planned or putting forth any specifics. the president will advocate middle-class tax cuts. he will leave it up to congress to actually come up with the legislation. the u.s. is unveiling a new sanctions on venezuela. they want to punish the government for its behavior. target venezuela's financing channels. prices are up just a 1%. the boj has not the able to get inflation near its 2% target. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. as much as president trump and his advisers have said how important tax reform is, it's not apparent they are making progress. joining us is our white house correspondent. thate not going to have one thing the plan out of the group of six after all. it's going to be the house doing thing and the senate doing there's. >> the white house has had trouble getting everyone on the same page. they've been able to put together a framework. congress has the