remy: in terms of trade jay -- chair care jay powell did talk. that to congress today.retty positive. in hearing the take aways here, was your thought after this day of testimony? me, arelly think for the biggest risk for the stock rates is the fed hiking too much. biggest riskecond is slow down in global growth. for me, what i believe, i believe the fed is going to hike this year.ore time i think the market is pricing .hat in i continue to believe that. is ank jay powell different kind of -- he's not bernanke and he's not janet yellen. he's easy to understand. i'm pretty comfortable he knows what the risks are out here. they are not going to move to shut this thing down. not going to hike too much. i don't think they're going make a mistake this year but certainly as what happens in many cycles, eventually the fed will make a mistake hike rates too much. year.t think it's this haidi: we spent great deal of time worrying about trade tensions. we looking atng tariffs's saying that only coming in list of concerns calls.in conference much more of higher is really the dolla

in addition -- >> do you think, jay, let me ask you this, do you think, jay -- >> wait, it alerts trump to the danger of -- because things might be taped and a prosecutor often uses taped conversations. now trump is on notice of tapes. >> one more question in, and then i'm going to go to another guest. >> all right. >> my final question to you, do you think lanny davis is doing a good job as a lawyer here, or do you see anything inappropriate in what he's done this week for cohen? >> inappropriate. this is not something that furthers the interest of cohen. cohen should be doing whatever he's doing to the u.s. attorney. and the u.s. attorney should decide when things are to be released. lanny davis is not serving the interests of his client. but he can be counted on to do what he thinks is best for the clintons. and if it means maligning the clintons through cohen, that's what he'll be doing. >> hold on. that's very interesting. and we always appreciate you giving us your unvarnished view. you're making an assertion that would be negative about lanny as a lawyer. your view is that lanny

the 2-10 spread well played jay powell -- will played jay powell -- plague jay powell.z is here with first word news. kailey: even some diehard trump supporters are unhappy with the president's performance at the helsinki summit. newt gingrich call it the most serious mistake of his presidency and said it must be corrected. president trump's suggests he believes vladimir putin's denial that his government meddled in the election. a u.s.a u.s. official says as ms 55 remains will be repatriated from north korea, the first time in 13 years they have directly turnover remains of u.s. soldiers. theresa may's brexit strategy is in turmoil. she has infuriated pro-european members of her conservative party by bowing to pressure from europe and agreeing to rewrite her plan. her majority in parliament has been cut to three votes. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. alix: thank you so much. netflix nosedive, shares plunged in premarket after sec

jay powell repeating his upbeat message on capitol hill. he says a trade war would be a threat, but does not see an eminence recession. --from bloomberg school global headquarters, i am ramy inocencio in new york. google is slapped with a record fine in europe, it is asked to change the way it promotes services on its android devices. morgan stanley is the latest to be a street.

it appears to show beyonce and jay-z renewing their vows. surrounded by daughter blue ivy and the twins, rumi in a flower crown and her brother, sir, this ceremony may have coincided with the couple's tenth wedding anniversary, which bunch of 4th. hot fashion on the road too. how about the three ls, latex, lame, and leopard. all custom from the house of givenchy. ♪ more tour deets by the numbers. 36 shows run through october featuring a ginormous floating platform and two cat wauks that jut into the audience. there's 17 dancers and a 26-person orchestra arranged vertically onstage. ♪ no doubt the couple will also be performing songs from the surprise album they dropped, everything is love. ♪ >> mm. >> can't wait. another concert that everyone is talking about, taylor swift. you, nischelle, were raving about it. >> say what you want about taylor. she puts on a very good show. another thing i love about her, because she brings her friends onstage. we all love the community. on this tour, she's keeping that reputation intact. ♪ can't keep my ha

and, jay, i always appreciate you coming on lawyer to lawyer. jay goldberg, making time for us on a night when lawyers are in the news. thank you. daniel and david corn are still with me. david corn, our viewers are fairly sophisticated and they probably know that we sometimes get guests on this show who are speaking not only to me and the viewers, but to the president, thing informs some of what we just heard, your analysis, sir? >> well, i think he's right. i think, you know, trump certainly can't come out and say michael cohen is a great guy because it seems like he's cooperating. the only thing that michael cohen has to cooperate with, you know, to leverage, to bargain with, is information on either trump or other members of the family, other members of the organization, and other enterprises. i mean, the list is very long. we don't have the time to go through all the possible things that michael cohen's being investigated for. but yet, there are years of business deals in the trump organization, separate from what might or might not have ha

jay, i always appreciate you making time to come on "the beat." did you ever secretly record donald trump without his knowledge as a lawyer or is that something only michael cohen did? >> i don't think that's unique to michael cohen. it's not unique to a wrongdoer who's in a relationship with somebody who might be viewed as a coconspirator. >> did you call him a launderer? what word did you use? uteak unique to a what? >> to a coconspirator. if somebody is doing something wrongful, then they might be concerned about their own position, and they'll tape record it to see if can be used later onto win the cooperation of the government. >> do you think -- you're saying something so powerful, jay, i want to make sure we're hearing you right. are you saying you think michael cohen viewed himself as having exposure as a coconspirator at that time? >> yes, absolutely. i might point out that when i represented donald actively he referred david pecker to me. so the relationship between the inquirer and trump is extremely close. but make no mistake, michael

powellcted, jay delivered an upbeat review of the u.s. he signaled more rate hikes i had. -- ahead. kathleen hays is here with the recap. the two words for now coming out of jay powell. these are carefully is -- written. what jay powell said when he was laying out his plan for the economy. >> with a strong job market and the risk to the outlook balanced, we believe that the best way forward is to keep gradually raising the federal funds rates. on thetakeaway, this is bloomberg by our that eco-. he says that we were getting worried because the dot plot is on autopilot. speaking of this, jump into the bloomberg library with me to look at one of the gtd talk -- charts. you can see the consensus of dots, in other words, forecasts or how many rate hikes are signaling to mark, a total of four. -- two more, a total of four. in this testimony, could trade stop them? jay powell said that it is difficult to predict the impact on the economy. he said the same is true of tax cuts. they are supposed to be stimulative. when he was asked if he is seeing

jay powell speaking yesterday. he spoke about the yield curve getting so much bandwidth right now. >> the shape of the curve is something we talk about a lot. different people think about it different ways. some people inc. about it more than others. driveis trying to information about what it would be for neutral rates. away, along with the it isn't hitting .he economy yet they are beginning to question on whether the economy needs contractionary policy. the dot plot might be the most hawkish. marketith a strong job and inflation close to objective, the fomc believes for now the best way forward is to keep gradually raising the federal funds rate. reaction was that the january 2019 futures contract it a record high guild in the aftermath, so the short-term hiking environment got firmed up. that was the major market take away from yesterday. alix: thank you both. a busy morning. primea may is delivering minister's questions in parliament. she has survived by the skin of her teeth, yet again, to have control over br

just eat your eggs, jay. yeah, just eat your eggs, jay. - (jay) ohh! - oh! (cameron) oh, ho ho ho!(jay laughs) - look at them. they all think lily's so great.

he's known as jay-z. former crack dealer from the inner city now has the number one album in the country and runs the record label. now he's giving back globally. here's my co-anchor, martin bashir, on what it's like being jay-z. >> hit me! >> reporter: sure, he's smart, but to many people, rappers like jay-z have gained success by being crude and offensive to women. do you recall these lyrics? i don't love them, i f them. i replace them with another. >> yeah. >> reporter: what would you say to people who say that form of lyricism is disrespectful to women? >> i believe it is. i believe it is. >> reporter: why did you write it? >> like i said, everything in music and everything that you g. >> reporter: so, does all this growing up mean it's finally time for jay-z to settle down? >> my next project. >> reporter: with beyonce? >> i still feel, still feel that i have a little bit more to do. >> beyonce knowles, she's rich, she's famous, she's also an enormously talented perfectionist, driven beyond what most

federal reserve chairman jay powell returns to capitol hill to talk about the economy. he's got a positive analysis after telling lawmakers years of strong growth in jobs and inflation ahead. a lawsuit filed by mgm resort against shooting victims during outbreaks from survivors and everybody else. u.s. stock index futures looking at a mix on the indexes. the dow up 17, s&p 500 up over one. the nasdaq down two and a quarter. you are watching "fbn:am." ♪ it's single-origin kenyan coffee from the nyeri highlands, 6,000 feet above sea level. but how do you really know that the beans journeyed to the port of mombasa and across the pacific? that you can trust they're 100% authentic? ibm blockchain. a smart way to track every step, ensuring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ too hot to work? nah. this is the gator xuv835. with game-changing heat and air, it's never too anything for anything. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. w

>> jay leno wanted to essentially just continue doing a johnny carson-type show.m going to ask you to turn the cameras off, please. >> okay, we just wanted to drop off this basket of fruit -- >> part of dave's thing was he attacking authority, he liked that. >> he needed a corporate bad guy to go up against. i was oftentimes that target. >> i can hear this warren littlefield guy whining all year long about not getting his name on the card last year. >> he's on it. >> look, what about me? i could be on there, couldn't i? >> it was always letterman's dream to be the host of "the tonight show." he idolized johnny carson, rightfully so. >> the big decision that's had the entertainment industry buzzing is due this week. that of course is the fate of nbc's "late night" stars jay leno and david letterman. >> most of us thought the person who deserved to get it was david letterman. he didn't get it. jay leno got it. >> leno, who earlier rode his motorcycle into a news conference hosted by nbc entertainment president warren littlefield, still has a bruised ego about the wa

welcome back, jay and lexie. >> thank you. >> i know the film festival the film festival brings in a of different components of the community at large under different categories. i'm wondering if you can talk about what all of that engagement is this year. >> yes. wereally ve i an amazingly richland escape in san francisco in terms of the arts community. we've always partnered wit different arts organizations and cultural community groups but this yearwe're taking ito a new -- it to a new level and the film clip you just saw, sammy davis junior "i've got to be me" is a partnership we're doing with the african museum. they're partnering with us to present the closing night film and linda harris, the executive director of the museum will be doing an on- stage interview with sam pollard after the screening, so that should be really greet. >> who is sam pollard? >> sam pollard is the director of the film. so that i think will be ililluminating. she'll bring a new perspective to the conversation. and then we are doing another partnership with the silent film festival this year. we have an

blue jays complete the sweep. they beat the orioles 5-4. >>> redskins training camp star on wednesday. can you believe it? one of the guys excited to get to richmond, chris thompson. chris thompson, a man n a mission last season scoring six touchdowns for the team. the redskins running bacng will be joi us tonight on "sports final". he'll tell us how tha road to wrecovery has been andt he's been up to this off-season. all that and more tonight on "sports fina after the news. certainly excited to get him in here always. an upbeat guy. funny. it will be a good one. >> thank you. thank you for joining us. "nightly n gun battle and hostage standoff at a trader joe's store in los angeles. >> just need to find a way out. >> the heroic actions that helped many escape. >>> new concerns about your privacy after a ride share driver filmed his passengers and broadcast to the world. >>> should your pharmacist be allowed to refuse a prescription on moral grounds? >>> aew app that reaches out to family and friends when someone

jay, how do you look at europe. investment opportunity, last year, and now we've gone cold on it. jay: it's emblematic on what we are talking about, angela merkel losing her government over immigration, which was an issue several years ago, and it reverberating today and not governments to folk on economic integration, i have europe in my ence thighs sis, and europe needs to and getond the politics into the economics to have success. second big question we talked about, the first growth versus tariffs. the second is a vibe between the europe. if you think about economic, politics, policy and market. the divergence is wide. us growth strong. european week. fed raising two more times, e.c.b. not doing nothing for a year. trade policy, problematic, and markets. is does k the question that divergence widen or narrow in the second half of the year. we bet it narrows, looking at the economic surprise index as a eading indicator, and europe's economic surprise tariff fell off a cliff is and coming back, turned down. there'

nbc's jay gray joins us live in helsinki with a previe of the sitdown between the two erle jay? >> reporter: hey there, yeah, you're absolutely right. the president and first lady in he tonight. vladimir putin arrives tomorrow. they will meet in the palace just behind us the presidential palace, with the world watching and waiting to see what comes next. president trump on e ground in helsinki now ahead of his meeting with russian presideut vladimir and telling cbs news -- >> i don't expect anything. i frankly don't eect -- i go in with very low expectations. >> reporter: as expected, presters gathering in finland's capital ahead of the summit. >> i'm still worried about then situatio in the world and i would like to have better human rights for everyone. reporter: the meeting comes three days after 12 russian petelligence agents were indicted byal counsel robert mueller on charges including hacking, aggravated identity theft and money laundering as part of an effort to disrupt the 2016 u.s. presidential election. the president asked by cbs news if he planned to push his russian

well, jay hernandez and perdita weeks are game for anything. >> whoo! ha ha!of ferraris in the pilot episode. >> the car, the chopper, the gorgeous hawaiian scenery, even the dobermans -- they're all back in this reboot. >> not today, boys! >> but here's what's new -- perdita is higgins, magnum's foil, originally played by the late john hillerman. >> so what will be higgins' new flavor? >> she's pretty tough. she's an ex-military as well as -- same as the guys. >> so she'll kick some butt. >> pretty much. >> will there be any folks from the old show popping up at any time? >> you're going to have to watch the show. >> i'm trying to get you more folks. >> we're definitely trying to make it happen. >> another switch up -- jay won't be rocking the famous magnum 'stache. >> we thought we should do a mashup of the new magnum and the old magnum. >> here we go. >> it's amazing! >> baby! >> bam. >> oh, my god. >> look at that hair. >> look at that forehead. >> fun fact -- jay was only two years old when "magnum p.i." debuted in 1980. perdita wasn't even born yet. but

jay sekulow is with us. want to redo something very quick and i don't want to take your time, we have very little time. the president and his appointee took our time. but i want to redo this. this was in 2006 by judge kavanaugh. he said, it was a conference at george mason law school. he said it, justice scalia, what did he stand for as a judge? it's not complicated but profound and worth repeating. the judge's job is to interpret the law, not to make law or make policy. read the words of the statute as britton. read the text of the constitution as written mindfully of history and tradition. don't make up new constitutional rights that are not in the text of the constitution. don't shy away from enforcing constitutional rights that are in the text of the constitution. changing the constitution is for an amendment process and changing, by the way, policy within constitutional balance is for the legislative branch. remember, the structure of the constitution, separation of powers and federalism are not mere ma

jay powell will be briefing congress on monetary policy beginning on tuesday.xpect from his testimony? : hello and good morning. more of the same. of further,idea gradual rate increases. jerome powell has been saying things like the economy is in a good spot and he has been sleeping well at night. he called growth very strong. he seems perfectly content -- he will certainly solidify the idea that there will be one more hike this year and he seems content to keep the idea like that there might be two more. what that goes against neel kashkari is saying. he says there is not much reason for the fed to raise rates much further. what is happening there? : i mean, as they keep raising rates, the question is how much is too much? goals of the fed is to keep the inflation rate at about 2%. overnight, we saw a big fall in oil prices. they are now following commodity prices lower and by some measures, inflation expectations are falling quite a bit now. there is this concern that the neutral,osing in on maybe going to be hiking to quickly. if you follow the narrative thr

jay powell delivering his twice yearly report to congress.ll be an update -- upbeat message, stronger growth, rising inflation underpinning his view more rate hikes are needed this year. the release of the monetary report friday. our economics and policy editor kathleen hays is here with key points. kathleen: this is a very important testimony. under law twice a year the chairman is required to go to congress, the american people and report on the health of the economy, monetary policy, what is expected. having said all that, jay powell will deliver an upbeat report. we know because the fed released the report friday. we get a sense and in fact he is doing this, so congress is prepared to ask smart questions and have it absorbed by time they get there. andeconomy is set to grow accelerate from the 2% in the first quarter. stronger business investment, more jobs, tax cuts, an important part of this. he touches on the impact of the trade war and is clear he and the fed are watching this closely, but it is not taking the economy yet. he presents

powell very what are we expecting -- jay powell.t are we expecting? andy: it will not be as strong a watchdog as it has been historically. it has worked to ignore inflation long. they help -- they had been ingressive -- aggressive but did not because the economy was week. they are slow at hiking interest rates. we are looking at a real rate of 2%, below the trailing inflation rate. core is running 2.3%. i think investors ought to consider how inflation can improve their portfolio. one of the things i am looking ifwas treasury in tech -- you look at the breakeven rate between nominal bonds and around 2.1%it is but we are running ahead of that. as i look at the sum total of the economy i see more risks to the right side, meaning the more than 2.1% side. unemployment is very low. we see discouraged workers coming back. there is only so far it will take them. other things happening, commodity prices are coming back. we are seeing a strong consumer base, seeing people bidding for homes. all of these things are inflationary. i am much mor

nbc's jay gray is live with more about the high stakes summit, jay? >> reporter: hey, there, yeah, and they will meet the president as well as russian president putin and president just over the shoulder here right now. we saw military person nelg moving into the area of the city, of course, security will be highly ramped up come early tomorrow morning. the president will spend a little bit time in the morning first with the president of finland, he and the first lady enjoy breakfast and have a me meeting. before the meeting everyone cares oabout. there's no set agenda in the meeting. they don't go in with my bullet points that they want to work through to try to find some resolution or calling it a summit officially, so there's no signed document at the end of this, something they have resolved to move forward on. it's just a meeting between the two leaders. and only the two leaders with translaters. there's no members of the cabin cabinet, no one from the governments of either of the country's in the room with them, which is highly unusual for these

a lot of concerts going on friday,including the zac brown band concert, jay-z and beyonce.ou want to be weathe ready. get alerts at ourpp and check out the local radar. w humidity temperatures in the 70s and 80s on saturday. >> your ten-day forecast, aturday a high of 86. sunday a high 85. as we look to monday, most of the day looks dry. maybe a late day shower or thunderstorm. high temperatures monday in the mid 80s. the humidity still not all that bad. humidity builds back in tuesday and so do rain chances. tuesday, wednesday, thursday and friday some rain at times. we'll have dry time, as well and not as much. >> okay, that sounds okay. and the sunshine. >> hard to match, that's for sure. hanks. >> you want to see more of what we saw this evening, the nationals getting back on track after frying some fisne >> sports xt. stay tuned. i had life-treatening bleeding in my brain. but thanks to the virtual reality technology at gw hospital, my surgeons were able to look inside my brain and plan for a successful surgery. it's remarkable that i woke up and ran five miles this mo

jay-z are excited to see and beyonce. keep in mind fedex officials are monitoring the weathe we will bring you the updates as they become available. back to yorks >> as the line of showers clears the area8: b, 9:00 p.m. at the latest, it's going to bring us lower humidity levels. comfortable out there saturday and sunday: it was muggy out there today. it's really on tuesday when the humidity is anback. then we remain humid for the remainder of the workweek. tomorrow looking hynice. paog during the morning hours, the temperature around 73. a high of 86 degrees. it's pleasant. a gorgeous saturday night. we keep i completely dry tomorrow as you're heading to the beaches. can't rule out a isolated storm saturday or sunday, but looking dry theres well with temperatures in the 80s. a mix of clouds and sunday and maybe an isolated late dayr shower thunderstorm on monday. on friday, a chance for late day showers and thunders pretty low to about 40%. the chance for rain increases on tuesda with rain at times in the forecast wednes

nbc's jay gray is live for us in redding with the latest. jay, good morning. >> good morning, frances, good morning, phillip. the damage here overwhelming. you can see the home behind me, this neighborhood, like so many across the state gutted by fire. some of the blazes have been burning for more than a week now. flames continue to race out of control across california right now. >> 17 major fires going currently in california, with over 200,000 acres currently burning. >> the worst, the carr fire near redding, where at least six are dead. the latest victims, melody bledsoe and her great grandchildren james and emily. firefighters say seven people who live in the strike zone are still missing. >> i've been a lifelong resident of this community. i've never seen a fire with such destruction here in this area ever before. >> more than 500 structures in northern california alone reduced to rubble and ash, as the flames continue to spread throughout the state and intensify. >> extreme is not even the right adjective to use anymore. it's an under

no major problems on wb 580 ( darya ) beyonce and jay z had some very famous jay z had some very famousrowd during their last concert... the obamas. videos were shared on social media of former president obama and first lady michelle obama at the maryland show. mrs. obama was also spotted dancing at another beyonce and jay-z concert in paris two weeks ago. the obamas' youngest daughter, sasha, was also there. beyonce and the obamas have teamed up in the past. she joined the former first lady on her "let's move" campaign to help fight childhood obesity. beyonce also performed at the former first couple's inaugural dance in 2009 and at the presidential inauguration in 2013. ( james ) coming up after the break... a bay area homeless man hands out his resume... and thanks to a tweet he may find work soon. wb 80 is less then 30 min from the maze to sf. richmond bridge drive less than 20 min from the toll to 101 toll to 101min from the less than 20 bridge drive richmond maze to sf. min from the less then 30 bridge wb 80 is spots. bay no major hot (áábreakáá)(ácommercialá) this past weekend te

jay, how do you know china left the table?om the reports we have been seeing, various news outlets, china is simply not at table right now. secretary mnuchin, commerce secretary ross went to china few weeks back. it looked pretty promising there would be discussions. we are very hopeful there will be further discussions to end, i will call this a trade war i am concerned how this will escalate. china needs to frankly come to the table to deal with a lot of issues that have been problematic. melissa: the president says that things are going much better than we think behind the scenes. that they are already coming back and want to deal. you don't think that is true? >> i don't know. obviously i'm not privy to those conversations. i'm hopeful that is the case. what i do know, what i think the american people know is that we have imposed tariffs on chinese imports and china has imposed retaliatory tariffs on american goods. that does not help manufacture evers. that does not help consumers. we're hopeful that this is way to negoti

in just a few hours, beyonce and jay-z fans will descend o fedex field. i bet some are already there. take a look at these from chopper 4. crews are putting the finishing touchers on the stadium before tonight owes concert. transportation official bracing for heaffic on the belt way and the surrounding streetse extra polill be around to keep traffic around fedex field moving. the show starts at 7:. >> theeather is not going to help. they've got another show tomorrow night when it's supposed to be better. >>> thousan evacuated dozens of homes destroyed ahead at 5:00. te latest on wildfires that sent a wall of flames into communities in northern california. >>> woman tells us she wanted a new look but ended upoving some of her hair. i'm you know when you're at ross shopping for backpacks... ...and mom also gets a back-to-school bag? that's yesor less. ross has the brands you want for back to school. and itu eels even better when nd them for less. at ross. yes for less. i like these yogurt bites. (phone buzzing) and i like the yogurt bites. (chuckling) ahh..

what did you get from jay powell for now? anna: he said something to suit the markets.he fed continues to increase rates for now. it seems equity markets went with that. the fx market went with jus teh -- just the start of that. the dollar is hitting a six-month high in the wake of these comments. weakness is coming through in oil prices this week. u.s. crude inventory data showed a surprise increase in the united states. let's get a bloomberg first word news update. juliette: u.s. president donald trump accepts the conclusion by american intelligence agencies that russia interfered in the presidential election. the retreat over comments made earlier came amid a backlash republicans. even with a prepared statement, he introduced doubt, saying the meddling in the 2016 election could be other people also. there is a need for some clarification. just inlike to clarify case it wasn't. a key sentence in my remarks -- i said the word "would" instead of "wouldn't." should haveence been, i don't understand why it wouldn't be russia. e.u. members are being urged to increase oper

they are trying to get jay powell to agree of this being a direct result of president trump's policiesl really would not answer the question that was followed up by sherman from california who said, aren't these the policies of president to bobam obama? he's doing his dance there, very normal for these types of hearing. much more in the house than in the senate pardon me. and on the issue of cryptocurrencies, i want to bring you the sound we have. we talked about it earlier where fundamentally jay powell has nothing good to say about cryptocurrencies have a listen. >> cryptocurrencies are great if you're trying to hide money or trying to launder money or if -- we have to be have been conscious of that. and the investors see the asset going up in price and think, this is great, i'll be this. in fact, there's no promise behind that. there's no, it's not really a currency, it's -- it doesn't have intrinsic value so i think the investor consumer protection issues are there as well and another thing i'll say is that we're not looking at this at the fed as something we should be doing, that

it might be tougher for jay powell to do that. david: thank you both very much for being here. you can find all the charts we just used and more by running gt tv on your terminal. coming up, more on the latest development's in the u.s.-china trade war with the u.s.-china business council vice president. live from new york, this is bloomberg. ♪

has more >> jay powell telling congress that the best way to keep the u.s.continue raising interest rates. in his semi-annual testimony before the senate, powell said the job market is strong, unemployment will fall further in the months ahead, and inflation has more or less hit the 2% target. >> i think gradually raising rates is the way for us to extend this expansion. nothing hurts working families and people at the margin of the labor markets more than a recession. >> powell said wages were not rising fast enough yet to cause an inflation concern that was something of a dovish comment. he added there is room for wages to grow without sparking inflation. powell said it was too soon for the tax cuts from last year to be helping wages now the ultimate affects of the fiscal policy will be hard to gauge. overall he said the tax cuts have had a positive impact on the economy. powell tried to steer clear of direct comments on the trade controversy because he likes to stay away from politics, he offered a generic warning. >> in general, countries that have remai

of football a fabulous month so i have to say so many shocks and surprises but in the end it's in jay's eighty france they will be worthy winners it's just a matter of thirty seconds or so before the final whistle france for croatia see that's how it looks like it's going to end and with that one hundred back to moscow . thank you andrew yes and the players are starting to celebrate what eight seconds left on the clock the referees about to put the whistle to smile it is france for. a lot of people will say this was one of the greatest finals of all time and there it is france are the champions twenty years exactly after they first won the trophy they lift the world cup trophy for a second time did a day sean will join exulted companies only the third person ever to win the world cup as a player and as a manager and the french leader. exchanging. celebrations

this is something jay powell will surely be asked about.as flattened more quickly at any time since it has in 2017. this chart will show you, what is the risk? it could invert and cause a recession. we've seen many times, those red bars are recession, the white bars show you how the yield curve is. that will be another important question. when it comes to trade, if you are worried about tit-for-tat tariffs and what it could do for emerging markets, some of the more sophisticated people in congress may ask about that. well.l -- about that as rishaad: thank you. jay powell's testimony in congress. more hikes. also, we will be looking at a big win for airbus. that and more. this is bloomberg. ♪ air asia may be set to seal a block esther deal with airbus -- blockbuster deal with airbus. bloomberg asia transportation reporter joining us from singapore, this is a pretty huge deal. >> yes, it is. asia comes from a market that is really growing very fast. economy booming. more people earning more money. middle-class growing. so, it's a formula made

. >> it was a supersurprise for jay-z and beyonce fans. the married couple releasing a jointed album together for the first time. the blockbuster announcement breaking the internet and causing an immediate reaction around the globe. the new nine track album called everything is love was accompanied by a stunning music video shot in the halls of the iconic louvre in pairs, the world's largest museum. >> trevor: oh, nice, nice, yeah, when b and j shoot their video at the louvre everyone loves it. but when i do stand up there

the caps lose jay beagle to vancou why his departure hurts most -- on soc media.luck. we're going miss you. he's been around for a while. he's a fan favorite. >> a fan favite. a long time. there was a possibility this today one of the days. when you win a championship you know there is always tuover not is going to return capita locked up three of the buty todahey lost one of own. fan favorite ja beagle is depart he signed a four year deal with he was the fan favorite. third longest tenuredal cap making his nhl debut i 2009. the hard-workinfourth lin he became the first playe ever jay beagle wll be missed by depart yester messi and ronaldo today russia faced the tenth keep in mind, russia is ranked 70th. follow me on this one. 120 minutes. not enough for russia. they to go to penalty kick. and pk, tied athe two goals apete. the shot stopped by the goalian he believe it. fans moscow going nuts. keeper comes up huge. later, dennis is one the stars rial. russia on the of moving on. it all comes down to the foot of thisman. trying to keep spain in it. and he comes up

they now face british pair harriet dart and jay clarke in the last four.up dream may be over for england, but their manager gareth southgate says they can come home after the 3rd place playoff match against belgium with their heads held high and belives they've set a new benchmark for the national team. there were no official interviews or appearances from the team today, many took to social media to thank fans, teammates and the wider england set—up for their support and cameraderie. southgate did speak to fatv and shared his pride in his side. yesterday, was sometimes important to feel the suffering and the result. but also now we have to acknowledge the journey we have been on and the achievement that the team have made. i am incredibly proud of what we've given any improvement in particularly in the last eight months, and we are the third team in history to make a world cup semifinal, so given the last two teams did it were far more experienced than this team, i do not think we can't underestimate that achievement. it wasn't one of the best kept secret

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(jr stone) the obamas were seen at a beyonce and jay-z concert near washington, d-c on yesterday.(justine) videos were shared on social media of former president barack obama and first lady michelle obama at the maryland show. michelle obama was also spotted dancing at another beyonce and jay-z concert in paris two weeks ago. the obama's youngest daughter, sasha, was also there. beyonce and the obamas have teamed up in the past. she joined the former first lady on her "let's move" movement to help fight childhood obesity. beyonce also performed at the former first couple's inaugural dance in 2009 and at the presidential inauguration in 2013. (upbeat music) - [speaker] the following is a paid advertisement for the worx hydroshot featuring long time worx expert and seasoned do-it-yourself-er, paul ganus. the worx hydroshot. the world's first portable power cleaner that lets you clean anytime, anywhere. fueled by a 20 volt max lithium battery, it's self-contained and pressurizes any fresh water source. just grab and go to clean anywhere and everywhere, leaving dirt an grime where it

jay. >> thank you. >> awesome as usual.> thank you. >> we're going to be right back with adrienne and "pop news." woman 1: proof of less joint pain... woman 2: ...and clearer skin. woman 3: this is my body of proof. man 2: proof that i can fight psoriatic arthritis... woman 4: ...with humira. woman 5: humira targets and blocks a specific source of inflammation that contributes to both joint and skin symptoms. it's proven to help relieve pain, stop further irreversible joint damage, and clear skin in many adults. humira is the #1 presibed biologic for psoriatic arthritis. avo: humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections,

and what jay did was he immediately corrected it. even had been under oath, he would call that recanting. and it's jay, not the president. so that's the wisdom of not having a president testify. it's one thing to do it with a lawyer. it's another thing to do it with your client. >> got it? make sense now? the president's defenders can't seem to keep their story straight about the bogus story the president concocted about the meeting that they were misleading about after concealing for a year. that's one side. on the other side, the president's turncoat attorney who might or might not be telling truth about his serially less than honest client. that's where we are tonight. and so is this. a few years to the day stood up and said this to the country he is now accused of colluding with. >> russia, if you're listening, i hope you're able to find the 30,000 e-mails that are missing. i think you will probably be rewarded mightily by our press. >> as we said, the president left town without answering questions about this or anything else, w

jay powell takes questions on capitol hill. >> he noted very little about the biggest issues chasing wall street. shery: trade tensions could be trouble for investors. >> clients are worsening the -- questioning the whole foundation of international investing and that is the foundation of globalization. shery: and donald trump's campaign manager claims of the media slanted against his candidate. >> their employees have bias. those decisions go into every line of code they write and everything they do. shery: all straight ahead on "bloomberg best" ♪ shery: hello and welcome, i'm shery ahn. this is "bloomberg best," from bloomberg television around the world. the week began with a summit meeting in finland between donald trump and vladimir putin. after it concluded, the reaction was decidedly mixed. ♪ >> a good start in helsinki, that is how president trump described his meeting with vladimir putin, but members of his own party have different words for it. shameful, disgraceful, bizarre. flat out wrong. president trump sparked a republican backlash suggesting he equally trust vladimir

traders expects -- fx will be watching out for what jay powell has to say.the report in washington and in the u.k. we have employment and wage data due later this morning. have mark carney presenting see financial stability report. delivering of financial stability report. there is a little bit more about the foreign exchange market. great to have you with us. what is next for the dollar, we know what trumps geopolitics frenzy is at the moment, we are waiting to hear from powell. i am wondering, we are up 7% on the dollar since april. we are going into a powell testimony. ?s the dollar near-term peak are we all priced for a powell gradualist speech? we -- we are not expecting much new of powell. i would the surprised if we get a further boost. he has everything said already. he is very bullish on the economy and there is a risk of a trade war but that is not with the current focus is on and the fed is positive effects on the u.s. dollar going forward for now. anna: you are in a mood to seek havens, are you looking for havens from a trade war, and the dollar