i'm joined by hakeem jeffries and leonard nance of new jersey. i'm so glad you're here. i'm so glad you're safe. obviously everyone in the country is pulling for your colleague, steve scalise and all the people that were injured today. they're in our thoughts. they've been in our thoughts all day. i want to talk about the wrenching day you had, but i want to start with this news and start with you congressman lance. the president of the united states, it appears, is currently under personal criminal investigation by the special counsel. what's your reaction to that news? >> i support mr. mueller in his investigation, and i think that he will do a fine job and a thorough job and let the chips fall where they may. >> what do you mean by let the chips fall where they may? >> i want to see the report from mr. mueller, and i assume it will be a complete report. and i presume it will involve all aspects of this situation, chris. >> the fact you support him, and then congressman jeffries, i'll get your response as well. the fact you support him, i just want to be clear because

looks like something broken little bit. 2 bouncing to jeffries. what jersey is jeffries wearing?e you seen the front? that's not a -- >> is not a yankees at home. i was going to say greg jeffries. nevermind. [laughter] looking.go down >> looks like a brooklyn cyclones to me. >> all right. >> for those not familiar with the hierarchy of minor league baseball, the cyclones are a short season team that plays in coley -- down in coney island. >> cedric richmond will bat, as he figured he would. that is coming back our way. hay, nice catch below us. a round of applause. nicely done. barehanded. >> they did use two hands. >> if the foul ball comes up here, are you going to protect us? >> absolutely. >> if a foul ball comes up there, i am. buying everybody drinks no way it's coming up as far as we are. , is he really on for m.v.p.? >> he went 4-4 here. >> that's right. >> swing and a foul. >> how has richmond batted tonight? >> he is 3-3 and scored three runs. >> good all around playing. >> he had that ringing triple. >> he had the but back to the richer. a single touch short. and then

trevor. >> trevor: would yo >> trevor: you have it, jim jeffries.jeffries show on comedy central! we'll be right back! we'll be right back! ( cheers and hi guys. in the desert.be here. at the mall. on the mountain. at school. at the beach. in the big easy. yeah yeah today i want to show you guys the next-gen chevy equinox. what do you think? that's pretty. pretty sexy. it looks aggressive. but not overbearing. it's not too big. not too small. seems like the perfect car for anybody. i would take it anywhere. she's a bad mama jama. (laughter) current qualified gm lessees can get this introductory lease on the all-new 2018 chevy equinox for around $249 a month. find new roads at your local chevy dealer. i believe in me too. ♪ i am the unicorn of your confidence ♪ itthe power of nexium 24hr protection from frequent heartburn. all day, and all night. now packed into a pill so small, we call it mini. new clearminis from nexium 24hr. see heartburn differently. it's a lightly fruit flavored, under 95 calorie, spiked sparkling water. so now you can make the

you have to figure it out and to help us is our guest contributor jim jeffries, everybody! >> hey, trevor. >> trevor: jim, i'll get straight to it, man. as an australian, how do you think america is going? >> it's going (bleep). >> trevor: wow. okay. ( laughter ) >> here's how i can tell, because i know every time in the current administration. >> trevor: i don't understand what that means. >> knowing everyone's name is a scary thing, right. the government is like the human body. you only learn about the small parts when they start to fail. the only people who care what an anterior cruciate ligament are people who have torn one. do you know where it is, trevor? >> trevor: actually, i don't. >> i don't either. i haven't torn it yet. but i'm sure it's part of my arm or something like that. i'm not quite sure. but why do i know bannon, priebus, kushner, tillerson, sessions, spicer, devoss,

jim jeffries show on comedy central! we'll be right back!s and what you have released is unlike anything we've ever faced. the ultimate evil. [ sinister laugh ] [ dramatic music ] [ screams ] the mummy. rated pg-13. ♪ ♪since i came to know you baibe ♪i've been telling you how sweet you're.♪ ♪i've been telling you how good you're.♪ ♪please tell me how i look. ♪you look so good, fantastic man.♪ ♪ no splashing! wait, so you got rid of verizon, just like that? uh huh. i switched to t-mobile, kept my phone everything on it oh, they even paid it off! wow! yeah, it's nice that every bad decision doesn't have to be permanent! now you can ditch verizon but keep your phone. we'll even pay it off when you switch to t-mobile. um, i can't have happen what happened (♪)t time... ahem... here's my card. i'm sure you know your profits are down 8%. so, just let me know if you want to change that. ♪ i believe in you! break through!, break through! >> trevor: welcome back to "the daily show." my guest tonight is a democratic senator from minnesota and a best-se

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we're back with democratic congressman hakim jeffries of new york. he's a member of the judiciary committee. congressman, a series of administration officials can't seem to answer a rather simple question does the president still believe what he tweeted only a few years ago? let me read those two tweets and remind you what the president tweeted in 2012. quote, the concept of global warming was created by and for the chinese in order to make u.s. manufacturing non-competitive, and then a year later he tweeted this. ice storm rolls from texas to tennessee. i'm in los angeles and it's freezing. global warming is a total and very expensive hoax. when we've repeatedly ask the the past few days whether the administration still believes that climate change is a hoax. they don't answer. why the not? >> well, donald trump through hut his life has peddled in conspiracy theories and president of the united states unfortunately for us here in america and the rest of the civilized world he continues to do so. but apparently they just don't want to acknowledge tha

represent dan donovan and representative jeffries from new york. we enjoy having these conversations. >> are you yankees or mets fans? >> yes. i need everyone's vote. >> that's better than the normal democrat republican hug that we typically ask for -- >> we don't even ask that of new yorkers it may be too dangerous. if you want to give each other a hug, we'll put it on the reel. >> all right -- >> no hugging. they are new yorkers. >> good to see you guys. >> thank you very much. >> fake news, president trump has a time magazine cover of himself hanging in several of his golf clubs and the problem is it's a fake cover. we're going to have the reaction. >> this is like one of those like party tricks that they have at bar mits vas -- >> i have a lot of these -- >> me too. >> we don't put them up in real places, we'll talk about this on the other side. jack be nimble, jack be quick, jack knocked over a candlestick onto the shag carpeting... ...and his pants ignited into flames, causing him to stop, drop and roll. luckily jack recently had geico help h

. >> [applause] hakeem jeffries. >> [applause] >> daniel kildee. >> [applause] [cheers and applause] >> bill pascrell. >> ed perlmutter. polis. >> [applause] >> cedric richmond. >> [applause] raul ruiz. >> [applause] >> tim ryan. >> linda sanchez. >> [applause] marc veasey. >> [applause] >> eric swalwell. >> [applause] >> ladies and gentleman, please rise. [applause] >> please rise for "the star spangled banner" and "god bless america." >> oh say can you see by the dawn's early light what so proudly we hailed at the twilight's last gleaming whose broad stripes and bright stars through the perilous night o'er the ramparts we watched were so gallantly streaming -- and the rockets' red glare the bombs bursting in air gave proof through the night that our flag was still there o say, does that star-spangled banner yet wave o'er the land of the free and the home of the brave. [cheers and applause] >> god bless america, land that i love stand beside her and guide her through the night with the light from above from the mountains to the through the night with the light prairies to the oceans

he talked about growing up in the jeffries projects. >> the jeffries. there was a little bit of a rivalry there. >> tells about the experience migrating. talk about your mother. to detroit and the early experience. >> first of all, the first great migration. we always have an adjective but that refers to the 1920s. that refers when henry ford had the five dollars a day and the chicago defender really propagated that notion. it spread all over the country. however when you look at the black people in alabama, mississippi and georgia, when they heard that they already had some incentives - given the ku klux klan and you know knight riders down there. they had all of this and motivations in the world to get out of the south but here comes this five dollars a day possibility. you know, he talked about sharecropping. it was the subsequence of the, during the reconstruction. as he moved into the 20th century. most black people in the south you know, if they were lucky even, in a sharecropping situation. that meant that like tennessee, you owe your soul to the

anna: david allen, jeffries international chief economist. matt: let me give some of your highlights. at 1:00 p.m., the european union general affairs committee needs to discuss brexit and the relocation of two eu agencies currently based in the u.k. dallas red president -- dallas fed president kaplan executive clock p.m. and then msci is due to announce whether chinese and argentinian stocks will be added to the emerging markets guage. plus, some others. so, if you have made that that, you will want to stay up until at least 9:30 to the if that paid off. anna: coming up, as the brexit talks are kicked off, we will speak to john bruton. that interview is next. this is bloomberg. ♪ matt: it is 1:17 in hong kong. usual, barely see it, as but it is definitely there. it is 6:18 in london. let's get to the bloomberg business flash right now with juliette saly. reporter: yes, thank you. the billionaire li ka shing plans to retire by next year as chairman of his flagship holdings. according to the wall street journal reports, li has not specified a

jeffries. mr. jeffries: i enter a letter from f.c.i.u. which states it will leave millions without health insurance. mr. scott: i yield one minute to the gentleman from new york. the speaker pro tempore: the gentleman is recognized. mr. jeffries: house majority has once again made clear that under republican rule, the system is rigid. the fix is in. the deck is stacked against hard-working americans. and exhibit a is your reckless republican health care plan. under trumpcare, 24 million americans will lose access to health insurance. under trumpcare, a draconian age tax will be imposed on people between 50 and 64. under trumpcare, costs will go up, premiums will go up, co-pays will go up, deductibles will go up. under trumpcare tens of millions of americans who are living with pre-existing conditions will be screwed. house republicans are out to destroy the american health care system as we know it. but you will be held accountable for the cruel and unusual punishment that you have decided to inflict on the american people. vote no agains

plaskett: thank you, congressman jeffries. i appreciate your remarks. i know that this house that is rules and is concerned about decorum in here. we here at the congressional plaque caucus are concerned about decorum. and while we uphold the president of the united states and many individuals particularly constituents, the underserved within our communities are fearful about speaking about the person of president donald trump. but what we are trying to do is speak unrefuteable facts, not about the personality, not about subjective and not our fears but the actual facts about what is happening in this country, because that is life for our children. that is the very essence of us continuing, that is what democracy is about. if we cannot critique the actions of our president, then very fearful to us and very fearful to our house which is a operate branch of government and which i recall a year ago is speaking against the person who was in the white house at the time. so at this time, i would yield additional time to the congresswoman, my classmate, om new

this after jeffries rated the airline to a by come the first broker to do so for some time. sony optical doing very well also. woodside petroleum, seeing a weakness in the energy players on the back of the moving crew. this chart will show you where you are seeing a lot of these exports from china in the region . you see south korea was lower in april but up by about 10% over the course of may. is election day in the united kingdom. theresa may and jeremy corbyn theird on security and respective visions for a post-brexit britain. this as they made their final pitches to the nation ahead of today's election. >> who do you trust to actually have a strong and stable leadership that is going to deliver the best deal for written in europe? >> a labor government will be really series about investment, as really serious about tariff free access to european markets to maintain manufacturing jobs. x because brexit matters. >> it's a choice of this, cuts, closer, or privatization. quite simply of hope or fear. >> brexit is the basis of everything else. we need to get that brexit deal

we're back with democratic congressman hakeem jeffries of new york. he's a member of the judiciary committee. congressman, the fbi now has formally denied cnn's freedom of information act request for the former fbi director james comey's memos about his conversations with the president citing a law enforcement exception. those memos -- he said he testified were unclassified, and the explanation the fbi gave us is this. there is a pending or perspective law enforcement proceeding relevant to these responsive records and release of the information in these responsive records could reasonably be expected to interfere in a current proceeding. how do you read that statement? you're an attorney. >> it seems to me that that's probably the case. you have the underlying criminal investigation that relates to the possibility of collusion between members of the trump campaign, high-level individuals like paul manafort and michael flynn, possibly jeff sessions, michael cohen, his personal attorney, carter page, his foreign policy adviser, other individuals such a

hakeem jeffries, david cicilline and cheri bustos, elected by the members to put this together and work with the senate so that we can have something ready pretty soon. reporter: leader pelosi, you did get some support from the president this morning. he tweeted he hope you stay in that post because he feels you're helpful to republicans in the race where they tie into their democratic opponents. how do you respond to the president saying that and there are other republicans who believe you're helpful to them? ms. pelosi: it's not about me, necessarily. they like to target my district, the city of st. francis, the song of st. francis is the anthem of our city. make me an instrument of peace, where there's darkness i bring light, hatred and love -- you know the song "st. francis," it's a classic beyond religion. i am very proud to represent san francisco in the congress. it was always about, do you support gay marriage, do you support this? yes, i do, and i'm proud to do so. so that's what they play off of. it would be interesting to say if i were from -- some other place, but i take the

karen jeffries will be joining terry jeffrey' will be joining us. europeexpert on relations, all ahead on c-span's "washington journal," on june 4. on american history tv, we are on the road to eugene, oregon at 2:00 eastern on american history tv, we will feature on the history of programming in eugene, oregon and the cofounder of nike among our guests. here's a preview. [video clip] >> bill bowerman is one of the most well-known track and field coaches here at the university of oregon as well as very well known as someone who started people following jogging and running and also very well known as one of the founders of nike. when he took a group of his athletes to new zealand for relay in 1962, one thing he noticed right away when he was all the jogging the people were doing when he visited. he embarked on his own research along with a medical doctor, dr. harris, and over the course of numerous years and putting together a manuscript and doing their own research, they came up with this book, which is jogging medically approved medical fitness pro

stewart jeffries is a specialist. >> second year for the money. don't pitch and quickly supply. >> i feel like i'm on a space station keep coming back. >> it's good. i like them. >> after a hard day. exactly what you need. >> they'll burn like 6,000 calories in a day. >> we eat pretty good down here considering where we all are. every friday has been -- this week filet mignon and crab legs. >> typically five weeks. >> how do you deal with vegetarians. >> it's usually whoever shows or what's going on at the time. >> i think it was a complaint one day about the music. they played it over and over and over. we listen to german talk radio, too. >> what do you do here. >> we're looking at inside. the only ones looking for vegetables. top two layers. >> sure. >> yeah. >> beneath the station is the subterranean world. 2,000 feet of tunnels, 30 feet down. carved into the walls imprompting shrines, depicting personal messages, remembers left behind by long-gone workers. the frozen constantly moving and shifting network of passage way. >> requiring continen

a lot of what james comey is saying is based on his impression of what the president jeffrying to drive at and sessions did criticize the decision making process and said there and theen interesting thing that sessions did is said that there was a process where james comey should boente.orted to dana doubtsaying that there is in the direction of james comey are not finishing the sentence, in terms of what sessions is suggesting. it does leave the door open and sessions can sit in the middle and not be directly contradicting other one. >> thank you for joining us. that in a moment. stay with us. no one charlie: sweeping recommendations would eliminate regulations in response to the 2008 financial crisis. aim at pieces of the dodd-frank legislation and reduces the capital standards where required of banks. tos is contingent on efforts overhaul the tax code and other initiatives. joining me is steve mnuchin, who i am pleased to have on the program. >> it is good to have you here. tell me what you hope to accomplish with this regulation. >> we are looking at the regulations around the finan

ge ceo jeffry immelt says climate change is real. industry must lead and not depend on government. facebook's mark zuckerberg says trump's decision quote - "puts our children's future at risk." and here's what governor jerry brown had to say... also a we're not.> also a group of 61 u.s. mayors signing a letter in reaction ... that their cities will uphold the paris agreement to protect the planet - with or without the president's blessing. grant? (grant) police have made an arrest in connection to a string of ca

jeffries had 33% revenue. also up because of debt underwriting. is that a framework that you see that -- does that smell right to you? >> it is probably more global and on a larger scale. on thecertainly investment banking side seeing strong capital markets activity. emerging market are flatter. we are doing well. the volumes you see in the marketplace are definitely flatter. the debt market volumes are strong. less on the investment-grade continue equity sides to be robust. we are feeling good about the business. we definitely feel better now than a year ago. the first quarter of last year was really tough for everybody and it really built into the year as it went along. i would say our business feels robust. a little more got certainty in the political arena, we are set up for more activity. there should be more big deals and the consolidation theme should continue. there are plenty of reasons for consolidation but they are somewhat constrained. >> a pleasure to catch up with you. john is cohead of investment banking here at goldman sachs be are

we are joined tonight by congressman jeffries representing parts of the bureaus of brooklyn and queensy he sits on the judiciary and budget committees which puts you at the crux of a lot of big issues. first of all thank you for coming in. from your perch on the judiciary committee and just because we're all following all of this, your reaction to the developments just today in the stories about the russia investigation. >> well, there's a cloud of corruption hanging over 1600 pennsylvania avenue and the more we learn, the worse it gets for the trump administration. it appears that something very wrong has happened. it was clearly russian interference with the election and there was close cooperation, it appears, between members of the trump campaign and russian spies. there's no other way to explain why there were significant conversations, many of which were not disclosed and had to be discovered and we'll see what comes of both the special prosecutor's investigation and ultimately the testimony that it appears we're going to see next week from james comey. >> what do you want to hea

stuart jeffries is an astronomer and solar specialist. >> man in brown cap: the first year is for thethe third year is because you don't fit into anywhere else. >> siri: you can't function anywhere else. >> man in brown cap: that's right. >> anthony: siri grossman runs equipment and supply. >> siri: i really love it here. i feel like i live on a space station. i keep coming back. >> anthony: this is damn good. i like, after a hard day of dragging blocks of ice this is exactly what you need. >> man in brown cap: people who work outside, i mean, they'll burn 5, 6,000 calories a day. ntho: is there generally speaking people who work one and four hours at a time before they ne to -- >> man in brown cap: come in and get warmed up. we eat pretty good down here considering where we are. so we've got a five a week menu cycle. every friday for four weeks is new york strips. on the fifth week we do filet mignon and crab legs. we don't really do fancy food, we just do basic food well. >> anthony: filet mignon with crab legs? >> man in brown cap: it's every five weeks. >> anthony: how do you deal

jeffries. mr. jeffries: mr. speaker, let's be clear. this bill has nothing to do with litigation reform. it has nothing to do with a good-faith attempt to improve our health care system. in fact, this bill was described as phase three of an effort to improve our health care by the majority leader on the other side of the aisle. i put out a search committee and i can't find phase one or phase two. it has nothing to do with reforming our health care system. this bill is an unprecedented attack on states' rights. it's a wolf in sheep's clothing. it's a solution in search of a problem. it's nothing more than a reckless legislative joy ride guaranteed to crash and burn on the american people. this bill, if enacted, will hurt working families, middle-class folks, senior citizens, the poor, the sick, the afflicted, veterans and nursing home residents. the american people deserve a litigation system that works for everyone not simply the wealthy and well off. the american people deserve a litigation system that puts the public's interests ahead

jeffries for quarter winning streak has come to an end. -- four quarter winning streak has come to anvenue fell to $158 million with total trading declining 70 present. -- 17%. global investors are pessimistic about brexit talks. negotiationsexpect that involve a series of delays. many believe the exit will be disorganized and will diminish the value of u.k. assets. aickson has reportedly hired businesso review its -- the stockholm companies looking at ways to focus on its main network equipment business. it hard goldman sachs to find a buyer for its broadcast and media services unit. a story that scarlet and i love -- after eight years of progress, gender equality has taken a step back in the boardroom. this is bloomberg. ♪ julia: this is "bloomberg markets." time in for the first eight years, women are losing ground when it comes to board seats. open board seats at fortune 500 companies were awarded to women in 2016. that is down from 30% the year before. in today's walk the talk segment, we bring in jeff green from detroit. when you look at the numbers here, what surprises you the

jeffries noted that the housing sector should continue to improve.t's look at the government bond market. we are looking at the two year yield. as we got immediately mediocre, unimpressive, underwhelming inflation data. sales.etail 2:00, the fed statement came, not a lot of action, but then 0, janet yellen sounding hawkish in terms of her inclination. similar with the 10 year yield, the same drop in the morning, the pickup. it did not rise as much as the two-year, and you see that reflected in what is going on. this of the story of the 2-10 spread. we are at the lowest level since last summer, not too far from the lowest level post crisis. if it were to invert, that would be a sign of concern. something to watch as short-term rates are rising faster than long-term rates. we saw a weaker dollar earlier on with softer inflation data, retail sales data. stronger, yen stronger, then janet yellen started speaking. we saw the gains for the commodities currencies soften a little bit. brazil was the strongest emerging-market gainer after that weaker than exp

she's created vice chair positions for hakim jeffries and others.r half a million dollars for the party since she's been in leadership. she's been more inclusive. who would have thought she would have listened to me and put a muslim on the intelligence committee? she's visionary. i don't want to see pelosi leave and we bring in a more refined, more polished and younger good old boys club. >> well, that may be. but the other reality is that, fair or not, she continues to be -- even in a brand new ad run in nevada now against republican dean heller, this is republicans running this against him. nancy pelosi, they're accusing him of standing with nancy pelosi. do you think that as congressman carson said, that this is beyond nancy pelosi, or do you think it should start with her and then you can worry about the rest of the issues with the party? >> the most important thing, and especially some of us involved in having these discussions, we're first looking out for our constituents. this is not about nancy but us have a 2018 that's successful. whether l

>> price target raised at wells fargo, deutsche bank, goldman sachs and jeffries on this quarter.ou're seeing the stock move up 9% >>> senate republicans releasing a draft of the health care overhaul market reaction, health stocks on the move. mostly higher from insurance stocks to hospitals. our reporter is digging through the 142 pages on capitol hill. >> senators moved from a close doord te ed door session and asking a lot of questions on to the floor where we heard the senate majority leader speaking a few moments ago. can you hear protests behind me. that is called the arc for people with intellectual disabilities they're very vocal in protest. the senate is calling it bert care reconciliation act of 2017. in essence, it repeals all of the affordable care act mandates and virtually all of the taxes it instills an income-based tax credit that steps up for lower income americans it phases out medicaid expansion beginning in 2021 and significantly shifts the cost burden to the states by 2024 it also allows states to apply for a waiver to opt out of providing essential health ben

theing us from new york is jeffries fx strategist.ting the dollar struggled to get a firmer footing off the back of a significant upside surprise on adp yesterday. >> it has been a real struggle for the dollar. off about 5% for the year if you look at it on a trade weighted basis. the euro has been driving a lot of that, the euro has rallied 6% on the year, over 8% from the lows of january. you have a lot of crosswinds going on in the u.s., in the dollar generally speaking, big inflows into emerging markets, lack of real upside, real rates in the u.s., a flattening u.s. yield curve as well. dollar to for the gain any upward momentum. the trump trade has fizzled out completely. we are very lackluster right now in the dollar. dollar-yen as well, which is reflecting the broader trade. came into 2017 with this huge monster short on treasuries. that has turned that long. we came in to 2017 with a monster long on the dollar. where is that now? definitely a is little long euro, which is strange given where we were a year ago. neutral dollar-

now, jeffry, who is a terrific lawyer, talks about, well, if the president has a corrupt intent -- doturn on some jury's definition of corrupt? and as i said over and over again, if this were hillary clinton in the cross hairs, if she had been elected president, all the people who are now saying that we should expand obstruction of justice would be taking the other position. if the shoe were on the other foot. people would be talking the president. because it's an unpopular president, and what you can do to an unpopular president today that you could have done to hillary clinton yesterday. >> jeff, i want you to be able to respond to that. >> well, allen said a lot of things. first of all, if donald trump wants to pardon somebody, he can pardon somebody. but it is a very different thing to offer a public pardon than it is on february 14th, to send the vice president and the attorney general out of the room and then secretly and recognizing the impropry tir of whiety of what one might argue, telling the fbi director, i hope you don't -- don't investigation my friend and adviser, mike f

. >> shannon: i want to read part of what we heard from robert jeffries a fox news contributor and pastore are only two choices, apologize to the country for this attempt to this litmus test that would exclude 41% of the country or resign. pablo, your reaction. >> again, it's interesting because i agree with my fellow missourian everything he is saying but we need to add context what he was addressing specifically. mr. vaughn had written previously that muslims, people who believe in islam, are not the children of god. now, he had written it well early in his career and he might have changed his mind since. but senator sanders was asking for clarification of that. i think that if he believes it to be the case he has no place proceeding as president trump's nominee. >> shannon: religious tenets as a religious test to government service. we have to leave it there because we're out of time. thanks for your time. >> bill: we'll get to "happening now" in a moment. before we get there fraternity members accused in the death of a pledge are in court today. the prosecution is leaning heavily on o

david owen of jeffries and michael mckee in new york.will have full coverage on the ecb decision. from london and new york, you're watching bloomberg tv. ♪ >> mrs. bloomberg daybreak. i'm emma chandra. coming up, arne sorenson, president and ceo of marist international. ♪ for the first time in years, apple will use its developers conference to show off hardware as well as software. the conference begins today in california. apple is expected to unveil new ipads and laptops. in china, merger talks saying that reading a giant power company with 260 $7 billion in assets. a group has been preliminary discussions with one of the nation's largest coal-fired power generators. the bank's capital has shrunk because of that real estate loans and it is running out of time to prepare its balance sheet. shares were last some 38%. that's your bloomberg business flash. npl's are an issue? oil off by .6%. saudi arabia and some of its allies are cutting ties with qatar. closing land borders as well as shoving off air and the travel. from london and dubai

copper futures adding 1% jeffries says the copper price might be a better predictor of equity returnss. imports have risen 29% this year. you contract the build up using the index function on your terminal here. we see that rise in iron ore holdings looking unstoppable for now. that,d: thank you for right, now, indeed, as the ecb to fed asset files are set shrink, seemingly a different story in china. around $5t remaining trillion to the end of the year. our managing editor for greater china is here with more. this balance sheet managed to blow up and become so big? i don't know if that is the wrong word to use, expansive. qqe and theyd boj, who up these assets. up these-- hoovered assets. surplusesbig trade and foreign direct investment inflows, so to offset that, the central bank in china had to buy and put them on the balance sheet and try to sterilize some of that. that led to a first-quarter worry that perhaps it was going the other way and we would see the shrinking, this taper. said that would not be the case and we would see ofs continued study state around $5 trillion. haidi:

jeffries: our focus should be on education and job investment. we should invest in research and development. invest in technology and innovation. invest in working families, middle-class folks and senior citizens. instead, house republicans have shortened the work week and canceled votes on friday. why? apparently because james comey is testifying tomorrow and you want to get out of town before sundown. that is an abdication of responsibility. a dereliction of duty. a classic example of legislative malpractice. where are the jobs? the american people are asking. house republicans are missing in action and the american people deserve better. i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentlewoman from new york seek recognition? >> permission to address the house for one minute and revise and extend. the speaker pro tempore: the gentlelady is recognized for one inute. mrs. maloney: mr. speaker, i rise today in strong opposition to h.r. 10, the wrong choice act. this bill will take us back to

david, over to jeffries, will be joining us as well. from new york the city, this is bloomberg tv. ♪ david: this is bloomberg. i'm david westin. one of the things president trump has promised is less regulation, especially easing regulations on the banks, such as the stress tests we will hear results on later today. to hear where we stand on banking and regulation, tommy ud joins us.m micha i know what bloomberg things is going to happen with the stress test, that everyone is going to pass. what do you think? tom: one come on the quantitative side, everyone is going to pass. the banking industry has the most capital it has had in 70 years. the interesting part will be the banks having the qualitative investment from the fed, and that is harder to know. wells fargo has some regulatory issues recently. that is one that folks are watching. today possible results are going to be another mile marker in how strongly the banking industry has recovered from the crisis, and it sets us up for the consequent -- for the conversation next week. davi

jeffries is saying that shareholders do not want to count out.bet he's made in terms of the shares. something has been misunderstood he has a small stakes a what leverage does he have? he knows you need a small number of shares to get stuff done. they want to put people on the board and then a comes up in a meeting with the company. he has a small position that he has more than enough to actually push for meaningful changes. alix: he wants nestle's to sell its stake in l'oreal and get a buyback in a profitability target but that does not sound bad. why would nestle's not want to do that? >> i think they want to do those things or consider them. who hase a new ceo shown a willingness to be more progressive so there -- so if there is a sense he's knocking on an open door. -- the l'oreal share is the biggest issue. they can return some of that money to shareholders. loeb has brought in a guy who is a big deal in europe. he knows this space so he is someone who will clearly be instrumental to this and work alongside daniel low. he may even end up on