greg valliere is from new hampshire.t mueller and greg valliere st. paul's school in concord, new hampshire. number 12 and number 18. greg valliere, what is in the oxygen in concord, new hampshire, to get these two to sit together for a photo shot in the 1960's? basically they're centrist. they want to do the right thing. they're not ideologues. i think the special prosecutor poses great risk to trump. some people this morning are saying this story could calm down. i'm not sure. it is every day a new bombshell. there's one from reuters this morning about 18 undisclosed contacts between trump aides and the russians. if we get a bombshell every day, fromnk even the centrists concord, new hampshire, are going to have to realize there is a lot more to this story. guy: can i come back to the policy store you were talking about a moment ago? "lame-duck"e word and "trump" in the same sentence now? >> i'm not sure. it is tempting, but i think we all have to remember there are not enough votes, i don't think, in the house or sena

tom: greg valliere, thank you on short notice.loomberg, a little bit of movement. dampened yields. to guide's wonderful point on the resiliency of the market, when you hear mr. greg valliere, if you do not have a fiscal solution in the u.s., it affects the markets. marvin barth: it definitely should. i would respectfully disagree on some of the points. it is not like we do not have coincidence investigation into russia going on in the house and senate and not like the rule of law has been undermined that mr. frum suggested. f is shocking, politically in to move, it appears. let's look at earlier this year, president trump tweeted about former president obama wiretapping him. he not only survived that but evidence showed that they were being surveilled. i do not think this derails tax policy. , housethose senators members who may be -- ultimately, they have a self interest themselves in getting reelected. we jumpvin barth as between political and economic space. we will continue with mr. barth. maybe the celtics will come out. capi

. >>> and also great to have greg valliere at horizon investments. good to see you, sir. >> hi, guys. >> let's talk about this sally . how consequential will be her words? >> it will get a lot of ink and air play. it's just one more story where the trump administration will be distracted. just one more reason to think that the rest of his agenda will come later rather than sooner. >> you say the russia story will just hound him for months to come. and you think thursday's victory, house victory is his last victory for a while. >> i really do. i think that he's got a long stretch to go with some nasty issues. the debt ceiling, still no sign that anything will move on health reform. key senators yesterday basically said we're going to rewrite it from scratch. so that will take many more months. the signature issue of course is tax reform. i still think we can get it, but i really think it's unlikely we'll get it done this year. >> but first as you mentioned, this health care battle continues. as it appears, the house bill is almost dead on arrival in t

tom: greg valliere, thank you so much.nd television, we will continue this coverage of the president's trip in tel aviv. kevin cirilli is in jerusalem. stay with us. ising up, on the budget, it a good time to speak to grover norquist about the many challenges of $1.7 trillion. this is bloomberg. ♪ >> the trump administration wants to deregulate certain things and boast best think that regulations have been holding back growth. citizens inor all the country. not just jpmorgan. so i am optimistic there will be regulatory reform. it does make sense. the credit friends understand it makes sense to look at what was done and what can be done better and what could simplify the burden on businesses. francine: that was jamie dimon speaking with me at the saudi-u.s. reform in saudi arabia. we talked about regulation. presence in a big the region in the middle east, they are looking to beef up. he is optimistic on regulation and animal spirits of the u.s. being unlocked, but he was optimistic about the global economy as a whole. grow

tom: greg valliere, thank you for the briefing. we will catch up with you soon in washington.right now with bill rhodes and chris verrone. let's come back. chris verrone with us as well. we're going to come back. michael mckee and tom keene in new york. we want to talk to bill rhodes about the european banks and chris verrone about where the value is in the market. can griffin this afternoon. -- ken griffin this afternoon. this is bloomberg. ♪ the bloombergt to business flash. the u.k. has warned facebook, google, and twitter to improve the monitoring of hate speech. a panel of lawmakers has urged the secretary to consider making the hate content a crime. the panel's report says the companies are shamefully far from doing enough to deal with illegal and dangerous material. facebook agrees a committed and more and says it is working with partners to solve the problem. in south korea, experts rose for the six month in a row that led to the biggest trade surplus in decades. overseas shipments were up 24% from a year ago. ship exports doubled semiconductors were up 57%. universal

valliere, greg -- great to hear your perspective. we have our interactive tv function.an find it at tv < any of the other securities of the bloomberg functions we talk about during the show. become part of the conversation, send us instant messages during our program or before big guests that we have. this is for bloomberg subscribers only. plenty more to come on bloomberg television. you are watching daybreak asia. ♪ ♪ ramy: you are watching daybreak asia, i am ramy inocencio in new york. yvonne: i am yvonne man in new york -- hong kong. the financial times says it involves investment in its comacs aerospace arm, -- has completed the first test of its jet. toyota, bmw, and two other automakers have reached settlements worth $553 million to resolve claims from takata airbag recalls. they have a program to raise participation in the recalls. products have been linked to 17 deaths -- to many deaths worldwide. yvonne: aston martin considering an ipo as early as next year. sources tell us the company is awaiting 2017 results but declines to list in london. in 2015.ent publi

. >>> let's bring back our panel, michael warren, political economist greg valliere, good morning toh of you. michael, let's start on the nato talks. 2% what president presutrump wo like to see countries contribute. this has been a smooth trip thus far for president trump. do you expect any confrontation on either side? >> no, i don't expect fireworks. this is typical for president trump. he offers sort of bluster on the campaign trail about foreign policy and national security issues, but then when it gets to the decision time, or negotiation time, he backs off. i think that's what you're going to be seeing here. there has been some push from his aids internally to back off of those campaign promises. so he'll still be pushing, i think, for that 2% contribution, but there won't be big fireworks. >> let me ask you, all indications are, this has been a successful trip, but is it just about symbolism? has anything been accomplished? >> well, you're right, very good photo-opes obviously. he hasn't tweeted mercifully for the country. we haven't seen any of that. and i do think it has bee