jeff currie still with me. t i feel is freaking out the majors, the oil market, and weighing on time spread. jeff: you have got to think about the context of the global bout. we look at the context to the global market, you have got to in the context of draws canada, nigeria, saudi arabia. in the second quarter we had of crudef $35 billion oil being drawn down so when we look at the global balance, it is a shift in the surplus from crude to products but a shift to the surplus to a deficit around the world. alix: when you take a look at yes, there is a product glut. i am already hearing about run cuts in asia. then the inventory builds backup. what is the risk profile? jeff: your risk of having containment issues is the greatest in the october time period. we have lost a lot of supply out of nigeria. we had a supply disruption out of canada and we have lost supply out of venezuela so you have to put that in the context. the net position is really not that much so you were going to have to question, what caused th

. >> jeff curry is from charlotte. >> disappointing that in my hometown, we will not host the all-star game as they have planned. i understand it's adam silver's decision. >> in oakland today, protesters took part in a national day of action, calling for an end to police violence. they want the city to defund the police department and divert money to pay for programs to benefit african-american communities. they hung a banner calling for the firing of the mayor. dozens of children attended the protest and it stayed peaceful. >>> the police are investigating a phone call warning them of a bounty on their head. an unknown man called the station saying he is offering $15,000 to anyone who shoots an officer. these calls come days after the acting police chief received a death threat. >> we have to look at it and say, be careful out there. look at what is going on. especially the ambush situations. >> since the police shootings in dallas and baton rouge, other stations have paired officers and double patrol car back ups in dangerous situations. shifting gears here, thousands of bees swarmed

. >>> jeff curry will join us in an exclude. whether the gold rally is here to stay. is next. you both have a perfect driving record. until one of you clips a food truck. then your rates go through the roof. perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you twenty-four seven. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> welcome back. i'm michelle caruso-cabrera. the big headline tonight, donald trump, eight hours to go exactly. the lineup of who is speaking tonight to show you just how much business has become mainstream and cnbc's dare i say mainstream, all four of those people frequent guests on cnbc, pet peter thiel. tom barracks, ivanka, and donald trump on trump tuesdays. peter thiel, the first gop delegate to come out and say he's gay, according to sources. s. >> hi i. michelle, none of that protest activity we saw out in the streets yesterday. the expectation is some of the protest

. >> jeff curry is from charlotte. >> disappointing that in my hometown, we will not host the all-star game as they have planned. i understand it's adam silver's decision. >> in oakland today, protesters took part in a national day of action, calling for an end to police violence. they want the city to defund the police department and divert money to pay for programs to benefit african-american communities. they hung a banner calling for the firing of the mayor. dozens of children attended the protest and it stayed peaceful. >>> the police are investigating a phone call warning them of a bounty on their head. an unknown man called the station saying he is offering $15,000 to anyone who shoots an officer. these calls come days after the acting police chief received a death threat. >> we have to look at it and say, be careful out there. look at what is going on. especially the ambush situations. >> since the police shootings in dallas and baton rouge, other stations have paired officers and double patrol car back ups in dangerous situations. shifting gears here, thousands of bees swarmed

also, hear exclusively from jeff curry, and we're talking politics and race in america with none other than charles barclay. jampacked two hours coming your "halftime report" is back just after this break. narrator: the best place to find adventure... kubo: come on, this way. narrator: ...is in the forest. kubo: wow. narrator: so grab your loved ones monkey: don't even. narrator: and explore a world of possibilities. kubo: it's beautiful. narrator: visit discovertheforest.org to find the closest forest or park to you. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. >>> it's a full-on feeding frenzy. five food stocks recording earnings today. josh brown is, as you k

we heard jeff curry from goldman sachs say it is anyone's guest.s goldman sachs is concerned, look at the last month and a half, oil has been following the dollar. moving inversely. so if you really want to know where the oil prices going to go, i guess you should watch the anna: fed. ryan chilcote on the oil sector. up next? manus: we're going to talk to tiane. we have our interview with the ceo of credit squeeze. and we speak exclusively to the ceo of bt group, gavin patterson. anna: and finally, crumbling crude. second quarter falling price. we speak to the ceo, first. that is coming up in the next hour. this is bloomberg. ♪ manus: you are looking at a live shot of new york. 1:48 in the city that never sleeps. 7:48 in zurich. welcome back. this is countdown. let us talk about those credit suites results. you have a bloomberg on top like go. profits dropped by 84%. but the point is, secret word, they made a profit. that is the important thing. all of the regions, all geographies have delivered to the numbers. credit suisse, 100 million swiss fran

jeff curry said guys, this is fine, the market will be ok.ing at the time spread for brent versus the underlying oil prices. so the blue line here is the right price, it has gone down. the white line is the difference in 12 months. when it goes lower we see a lot of supply, on the market. when it goes higher we see the market tightening. what happens? not a lot. we have seen it stabilize. his point is that we see the revalue its -- see the rebalance in the market. crude intod from actual products. we have a lot of room if we get the crude build back up. jonathan: what is interesting here is that if i told you wti was down, where was you think the dollar was? it is flat. talking about correlations, right now between the dollar and crude, there he different. a topic for discussion in the next hour. coming up, willem buiter joins economy.e global the dollar-yen, a stronger yen. this is bloomberg. ♪ >> the bank of japan continues to surprise, keeping its monetary policy largely unchanged. jonathan: amazon and alphabet flirt with all-time highs. a

jeff out. >> you'we're sending you out. steph curry surprises a young fan and he has the best reaction of all time. we'll show it to you when we come back. be good. i'll see you later. [ bark ] [ bark ] bye. see ya pal. xfinity home provides 24/7 professional monitoring for 24/7 peace of mind. aw. aw. aw. aw. [ dryer running ] know what your pets are up to... party's on! ...with xfinity home, connected, protected home. xfinity customers: get a great deal on xfinity home and ask about free installation. call or go online today. see the secret life of pets, in theatres july 8th. how would you reactf stecurry c door? oh my god! ah."@:03 ==vo continu== curry gave some kids t ock of a lifetime at his >>> how would you react if stefh curry came to your door in that's about right. girls and boys all had this reaction. he came knocking at his annual overnight camp. look at this little boy. oh, my goodness. that's a summer camp for kids in hawaii. pretty but ty. >>> tonight, no charges recommended against hillary clinton by the fbi despite call