jeffries: good morning everyone. earlier today at the caucus meeting had a very active discussion on very wide variety issues and pleased that dr. henry lewis gates harvard historian shared clips from his new film on reconstruction and remind us of our long journey that we have been on in this country that we can bring the values of liberty and justice for all and equal protection under the law to life and are ducing dr. gates remininged everyone in the room, june 1619, the first slave ship left the west coast of africa and arrived two months later in virginia. and jim crow to the civil rights movement. civil rights movement through the years of president obama and now to the moment that we are in and opportunity for us to reflect on why we do what we do as democrats fighting for the people particularly as it relates to h.r. 1 and our democracy reform legislation and effort to make sure that every single american regardless of race, regardless of gender, zip code, regardless of sexual orientation or gender, identity,

jeffries: i am committed to the institution of the house.arned you have to focus on the job you have, do that job to the best of your ability, and the rest will take care of itself? caroline: not budging there, congressman hakeem jeffries, chairman of the house democratic caucus. now it is time for smart charts, where we take a look at timely topics. let's turn to mike mcglone of bloomberg intelligence. >> today with me i have todd alleged --ical and technical analyst with strategas. looks like you are a little bit bearish. think ist i interesting, as equities have tried to find their footing, is oil has shown us nothing. 20% off the highs a few weeks ago. are's most important is we nowhere near an oversold condition using the momentum indicator on the bottom. i think there is more room to decline, potentially back to the $42 lows. mike: this autumn scares me. how often do you get bottoms that just hold? todd: it is rare. i think what we should work off of is when you go back to 2014 and 2016, you had oil in a steep decline. what you saw was

jeffries: the timeline will depend whether the d.o.j. continues to cooperate with our legitimate article 1 powers of oversight and investigation. and we began to see yesterday in the face of the possibility of either a criminal contempt citation or proceeding with inherent contempt that they began to see things differently all of a sudden. if they continue to cooperate with us, i would expect we would not race to the courthouse. and with respect to don mcgahn, we'll see. seems to me that mr. mcgahn is in a particularly vulnerable situation as a private citizen. he should either begin to cooperate pleadly or face the conis he -- cooperate immediately or face the contempt matter that will be voted out of the house of representatives today. reporter: getting back to rachel's question. do you support [indiscernible] mr. jeffries: it's my view we should proceed with caution as it relates to bob mueller's testimony in part because, as you know, the law requires us to try to find an accommodation that's reasonable with the recal cistrant witnes

jeffries and mr. anderson, remember, i want the other one to respond to, what would you like to see included in that rule? in both cases. and also, some discussion of the right to preference , richard, when it comes to you? miss jeffries, do you want to start? >> sure. thank you senator bowen. i think the important thing for the aar, and knowing that we have amtrak commuter railroads as numbers class ones and other health host railroads as members, we were encouraged by the comments mr. -- made last week. laying out a process that is seeking input from all involved parties. in order to achieve a fully sustainable solution that is going to work into the future. we think it's important to take the input from an incorporated input from all stakeholders involved. i understand, you know, as my colleague mr. anderson, you know, said that, the law says that fra and amtrak shall develop , you know, in my opinion, that doesn't come at the expense of seeking input and stakeholder involvement from some other inv

jeffries: good morning everyone. earlier today at the caucus meeting had a very active discussion on very wide variety issues and pleased that dr. henry lewis gates harvard historian shared clips from his new film on reconstruction and remind us of our long journey that we have been on in this country

jeffries: the brown v. board of education decision was a historic and important step and a strong step in the right direction. we've come a long way in this country but we still have a long way to go as it relates to providing equal access to education. this amendment is pretty simple. says to the secretary, keep your hands off the office of civil rights. i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the gentleman from maryland. mr. harris: madam chair, look. i mean, we've heard these -- we've heard the debate. i don't know if vouchers are brought into this debate. it's interesting because vouchers like the o.s.p. program and the district of columbia, 97% of the students are minorities. that's a voucher program. 97% of minorities, supported by the administration, and the majority just yesterday rejected an increase in funding to that ogram that benefits 97% of minorities. so let's get the civil rights straight. if you support opportunity and education for

jeffries, you are not reported. .r. jeffries votes aye chairman nadler: is everyone recorded. the gentlelady from georgia. she is recorded. the clerk will announce the results. clerk: mr. chairman, there are nos.es and1 15 chairman nadler: is there an amendment at the desk? whose amendment is it? the chai gentlelady from arizona is recognized. >> mr. chairman, i have an amendment. >> mr. chairman, i reserve a point of order. chairman nadler: that gentlelady will expand her amendment. you, mr. chair. the amendment says it will strike the words committee staff and insert committee staff holding a valid election certificate to the united states house of representatives. yes, it made me laugh when i too.ght about it because all members, all members of congress can ask whatever questions they want. we are ready agreed to a motion by the chairman to extend the amount of time for another hour. that sayis no rules that attorneys for the democratic staff can't stand right behind a member of congress and hand them the exact question they want to ask. so i see no reason for a staff membe

hakeem jeffries is the number five american politics.erson in the democratic party and the congress. he is part of the leadership that reports on a daily basis to the speaker, nancy pelosi. 0k, let me ask you a question. you are telling me that because he is connected to nancy pelosi, who you no longer speak to, you are telling me that all of these people are totally misreading the interests of their own party? let me make a point to you, listen for a second. they are saying that what we campaigned on was healthcare costs. 0k, let me ask you the question. what is the chance there is going to be something done on healthcare costs between now and 2021? well, i wouldn't think it's good, but it could be a whole lot worse if you undertake a partisan, toxic war, which the white house, by the way, says bring it on. they've said, and i'm going to quote you the campaign manager for trump 2020, brad pascal, says the more they beat the drum for impeachment, the more that emboldens our campaign, bring it on. let me make two points. mr trump has lied

mark warner and has keek jeffries, you took money from lobbyists for china.called all four of these democrat hypocrites to ask if in addition to taking money they have taken any meetings with foreign government lobbyists. none of them would say. of course not. because we can be sure they did. that's how the swamp works. you pay the money, you get the meeting. and now, ladies and gentlemen, i present to you the ultimate democrat hypocrisy. we've seen how schumer and pelosi and warner and jeffreys are in the pockets of saudi arabia, mexico, ukraine and china, but surely not russia. surely after all this fuss, after all of these years of hysterical self righteous reaking about russia, no democrat would take money from lob bis to russia, would they? chuck schumer, cory booker, kirsten gillibrand, richard blumenthal and mr. treason himself, hakeem jeffries have all taken money from lobbyists for russia. there's only one more example of this, but who himself is compromised, not just by any foreign power but by the biggest and most hoes still. america's num number o

thank you very much for joining us tonight, congressman jeffries. chairman schiff told rachel maddow in the last hour that this is not to be considered a friendly subpoena, that this subpoena then is something that robert mueller did not want to have to comply with, but apparently has agreed to comply with it. is that your understanding of it? >> that's my understanding. at the end of the day, bob mueller is a company man. he had expressed publicly his reluctance to testify, indicated when he gave his remarks a few weeks ago that that was the first time the american people would likely hear from him. we as house democrats led by chairman nadler and chairman schiff have made clear that we believe the issues connected to the mueller report were so serious that it was important for the special counsel to tell his story publicly to the american people. we were determined to bring that about. thanks to the leadership of our two chairmen, united behind the house democratic caucus and our objectives, we'll be able to bring that about on july 17th. >> do yo

jeffries. >> no. >> mr. cicilline. >> no. swalwell. mr. lieu. >> no. >> mr. raskin. >> no. >> miss jayapal. >> no. >> mr. reming. >> now. >> miss scanlan. >> no. >> miss garcia. neguse.and th >> no. >> mr. stanton. >> no. >> ms. dean. >> no. >> miss macarthur powell. >> no. >> miss escobar. >> no. >> mr. collins. >>aye. >> mr. sensenbrenner. >>aye. fetz.. chaf >>aye. >> mr. gomert. >>aye. >> mr. jordan. >> yes. >> mr. radcliffe. ms. roby. >>aye. >> mr. johnson of louisiana. >> aye. >> mr. biggs. >> aye. >> mr. mcclintock. >> miss lesko. >>aye. >> mr. rosenthal are. >> aye. >> mr. klein. >>aye. >> mr. armstrong. >> yes. r. steube.s tm >>yes. chairman nadler: has anyone voted who wishes to vote? legitimate from florida. no.lerk: he votes in mr. johnson of georgia votes no. chairman nadler: gentlelady from california? mr. bass boats no. anyone else? . call the report? clerk: mr. chairman, the vote is no's.s, 22 chairman nadler: the motion is -- the motion is approved. the gentleman from florida is recognized for the purpose of an amendment. sounds of protest] na

your colleague hakeem jeffries said democrats should stay the course. president's admission doesn't change anything and it's not time to move towards impeachment yet. what do you think? >> well, listen. i was raised by a mother who was all of five feet tall, but if you met my mother, you would think she was seven feet call. if you came home complaining about something, she would look at you and say what are you going to do about it? i decided to run for president of the united states. that's how i translate my outrage. >> you are running for president and you are going to potentially see the president at the ballot box, but you are currently a sitting senator. given your current role, what are you doing? >> so we have this election security bill that unfortunately the leader on the senate side will not put on the floor for a vote. it's important that all americans fight for the united states congress to do its job and upgrade the elections infrastructure and secure the elections infrastructure in our country and i am proud to have been a leader and to b

in fromlet's bring jeffries to discuss oil reaction , equity analyst jason gammel.o get an update on where things stand with the oil companies. talking about the upping of escalation of diplomatic deep-freeze between the u.s. and iran. what does it mean for big u.s. oil? jason: there is a lot of things pushing oil price and pushing it to the upside are the relationship between the u.s. and iran and all of the threats around oil transfer around the persian gulf. for oil companies it does me you get some support for prices on oil in a mid-$60 brand range. the only other problem is you have tension between the u.s. and china. the demand narrative is something that does have the market concerned. vonnie: if things continue the if there is some softening somewhere around the globe, do major u.s. oil begin to not make decisions, to put up decisions? -- to put off decisions? jason: that he is these companies now have their cost structure at the level they can balance things out a $50 brent. they are concerned about moving their business forward. this is not the time of unc

sunlen, obviously that's a big shift coming from congressman jeffries and now you're hearing about ar meeting with speaker pelosi with leadership. what happened in that room. >> reporter: speaker pelosi behind closed doors reiterating she's opposed to opening up impeachment proceedings. now, this is something he's publicly stated in the past, but the fact she's having to renew that stated position again behind closed doors in front of the members of her leadership team certainly gives you an indication where she is at the moment, what she's facing up here on capitol hill by members of her own party. by cnn's count now 50 house democrats believe impeachment proceedings should be opened up. and there's a notable statement over the weekend from jim clyburn. he told cnn's jake tapper he believes at some point president trump is indeed going to face impeachment proceedings. and osta few minutes ago on capitol hill pelosi really brushing that comment aside saying, look, that's his point of view. her directive to the caucus has been and clearly will remain for the moment to be the same, to

comes from a report from jeffries.nalyst saying valuation for microsoft is just too high, calling it materially overvalued and giving it an underperform rating. now the shares were up more than 30% this year. because of excitement around the cloud business. it is called azure for microsoft. this analyst from jeffries says web services could give it a run for its money. look at shares of amazon as well. amazon said today its prime day will run for whole days. as if one was not enough, it will be 48 hours. will start on monday, july 15th. amazon plans to unveil or just about, a million deals around the world. prime shoppers gear up for this every year. amazon certainly taking advantage staff buzz. back to you guys. connell: wow, that is a lot. , melissa. melissa: a new problem hoping to retain hourly employees an opportunity to earn extra month pay every year. employees in the stores must meet certain criteria to be eligible. gary, liz being back with us. i love stories. competitive labor market. companies are getting cr

hakeem jeffries: this is a crisis that was manufactured by donald trump. announcer as outrage grows over : the conditions inside migrant detention centers. sen. elizabeth warren: our government is following a policy of inflicting maximum pain. announcer: the president plays the blame game with congress. pres. trump: democrats are solely responsible for the humanitarian crisis. announcer: while washington fights over who is at fault, more kids keep crossing the border. plus, a catholic nun says she's on mission from above to help with the humantarian crisis at the border. sister norma: our faith calls us to make sure that we take care of our brothers and sisters. announcer: and 70 miles from the border. >> this is a plot of the unidentified graves. announcer: a small texas town grapples with another aspect of immigration. >> we're sick and tired of the bodies showing up. announcer: how this town became ground zero for migrant deaths. soledad: i'm soledad o'brien. welcome to "matter of fact." right now, the u.s. border patrol is holding more 15,000 people ev

deere was upgraded from buy to hold from jeffries. they cited improvement in the farm economy. it rose to $190. that rose to 1.5% to 166.80 today. duncan brands w upgraded. they cited the potential for new growth in same store sales and improved operations. price target, $92. shares rose more than 1% to $80.98. >>> and hostess brands was up. they cited trefast product line. price target $17. those shares rose more than 2% to $14.26. >>> still ahead, a new kind of foodight. >>> i'm rahel solomon for "nightly business report," what does the aerospace industry have to do with specialty foods? i'm at a specialty foods convention in new york city and i'll have that answer. >>> home depot is watching the tarifflo situationly even though 70% of the goods itells e made domestically. they said there are ways it can minimize the potential impact of tariffs on customer prices. >>> the first step that we'll do is try to protect the customer in the project. we'll do everythin we can to take other costs out of the business working with suppliers, whether that's opportunities in supply chain,

jeffries coming may we have your permission to continue -- dr. jeffries, may we have your permission to continue? all right. charles, three to four minutes. charles: i want to take the responsibility dr. daniels spoke of to provide creative tension. i would like to play that role. we can talk about gentrification, but there is a larger problem. that is the problem of a racist, predatory, parasitic, bloodsucking capitalist system. [applause] and the solution is revolution. the solution is socialism. the solution is us electing that are notls descriptively black that look like us, but are authentically black and committed to us. our biggest problem in our neighborhoods is black neocolonial puppets of the democratic party. [applause] that is the problem in our neighborhood in new york. you know how we stopped gentrification? existsection it does not in east new york, and it doesn't exist because i have a beautiful african queen wife named who is on the city council. so when the developers came and showed us these pretty pictures, we asked them what

>>ron jeffries and his girlfriend live here on all of their road ran in my home. >>thought that somebody was going to kill him and he wouldn't leave with a gun. the mother says her 1712 year-old daughters and her 14 year-old son. >>open up the back door to let the dogs out around noon. she says she and jefferies were not home at the time when a stranger made his way inside it she said that he was. >>the news being going to be killed by someone else. so here and here that man has been identified by the county sheriff's department is jose he stews store, good junior of modesto. >>a 37 year-old man with a problematic past currently wanted by the sheriff's department for a nobel felony warrants. >>for auto theft possession of stolen vehicle and resisting arrest jeffrey says the girls managed to get away and call for help. >>but us toward a help the boy captive during the hours long standoff, jeffrey says the store go rummaged through their stuff and made threats it was like. >>like an acting now the notting in. >>so i'm pretty sure he was on drugs deputies say the boy

jeffries: thank you, madam chair. there's a humanitarian crisis at the southern border that should shock the conscience of every single american. these are migrant children being subjected to cruel and unusual punishment by our government. this is not iran. this is not north korea. this is not venezuela. this is the united states of america. shame on us. there are children who are without food. they are without medicine. they are without water. they are without soap. they are without diapers. they are without toothpaste. shame on us. these are not alien children. they are god's children. this administration should stop using them as political pawns for some sick xenophobic game. vote yes and let's begin the process of ending this humanitarian crisis now. i yield back. the speaker pro tempore: the gentlelady from texas. ms. granger: i yield one minute to the gentleman from georgia, mr. hice. the speaker pro tempore: the gentleman is recognized for one minute. mr. hice: thank you, madam speaker. i thank the ranking memb

relevant during the $20000.00 holiday season teaming up with grocery mega chain kroger watching jeffries toy box pop up stores in 600 stores nationwide. that's it by this time you can catch them by stand back t.v. channel 321 dish network 80 or streaming 240-1388 pretty at 130 or as always had us up at youtube dot com slash boom bust r.t. so you next time. only over. the. internet. i don't know that. iraq don't want. us imposes sanctions on the wrong supreme leader in the wake of a drone shooting look at how washington stalls of a country seems to be pulling in different directions. a trumpet ministrations middle east peace plan is rejected by palestine with critics accusing washington of trying to bribe into making concessions to israel. parents of critically ill palestinian infants taken from gaza to press a hospital that israel say they're being denied that children.

jeffries: thank you, madam chair. there's a humanitarian crisis at the southern border that should shock the conscience of every single american. these are migrant children being subjected to cruel and unusual punishment by our government. this is not iran. this is not north korea. this is not venezuela. this is the united states of america. shame on us. there are children who are without food. they are without medicine. they are without water. they are without soap. they are without diapers. they are without toothpaste. shame on us. these are not alien children. they are god's children. this administration should stop using them as political pawns for some sick xenophobic game. vote yes and let's begin the process of ending this humanitarian crisis now. i yield back. the speaker pro tempore: the gentlelady from texas. ms. granger: i yield one minute to the gentleman from georgia, mr. hice. the speaker pro tempore: the gentleman is recognized for one minute. mr. hice: thank you, madam speaker. i thank the ranking memb

jeffries raising its price target on microsoft to $90 from $80.its underperform rating jeffries says that szure will probability never see margins. about 20 percentage points behind aqs.azure will probability never see margins. about 20 percentage points behind aqs.zure will probability never see margins. about 20 percentage points behind aqs.zure will probability never see margins. about 20 percentage points behind aqs.azure will probability never see margins. about 20 percentage points behind aqs people foe cut people focus on the top line >> you will never compete with amazon when you look at aws. >> google, microsoft and amazon are the three competitive. >> they are the three, but when you look at the bigger names or different names that were there before amazon, aws kind of knocked the cover off the ball and they went by a different 34e9 tric metric and their margins will always beat their competition for whatever reason. so i think if you are comparing them on an apples to apples on mash begi margin, amazon will always win when you look at t

"oh, jeffries, don't forget the back of my knees and my under-butt!" their face isn't enough, now they need to slather their whole bodies, is a little harsh. there's no way people are going to fall for-- and it's already completely sold out. which is why kim kardashian has also released body makeup for your insides. this organ-perfecting foundation goes down easy.the applicicatore hard to swallow. and if that doesn't work, there's another brown liquid i pour inside my body to feel more attractive. ( cheers and applause ) i'll tell you, just two or three applications, and i'd take me home. ( laughter ) meanwhile, in tv news, "more than 20,000 christians have signed a petition calling for the cancellation of the tv show 'good omens.'" the problem is they sent it to netflix, but the show is on amazon prime. they have also demanded that abc cancel, "the cbs evening news." "good omens" is about a devil and an angel teaming up to save the world. petitioners claim the show "makes satanism appear normal, light and acceptable," "mocks god's wisdom," and aren't

edison lee from jeffries. a lot more coming up.tle of the charts will be on, we're looking at market action as well, a day when the bowls are certainly running. this is bloomberg. ♪ is is bloomberg. ♪ ♪ we are back with the latest business flash headlines. test the reorganizing its operation in asia to place more emphasis on china, as it prepares to stop making cars in shanghai. dismantling the business division for -- and favor of china, which will cover the mainland, hong kong, in macau. the share prices of tesla lost about a third of value this year. avid: google has pledged billion dollars over the next 10 years to try and fix the affordable housing crisis in the bay area in california. the initiative includes we promising $750 million worth of land for residential use, allowing the development of 15,000 homes. the rise of google and other silicon valley tech companies caused massive house cost increases in the area. facebook facing pushback from u.s. lawmakers after announcement of its cryptocurrency, they are asking the plan

jeffries oil and gas analyst, and thanks as well to tina davis. vonnie: the dow jones industrial average up just fractionally right now. of s&p 500 up less than 2/10 1%. coca-cola a drag on the dow. some of the pharmaceutical companies down as well. in terms of the nasdaq, it is still up about 1/3 of 1%. will we stay in the green? stick around and find out. this is bloomberg. ♪ guy: from zurich, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news. here's courtney donohoe. toldney: president trump abc news there wouldn't be --thing wrong with listing with listening to foreign political dirt. senate republican leader mitch mcconnell trying to avoid shutdown.vernment he's urging the white house to move towards a spending and debt limit deal that helps democrats -- that house democrats and live with. kong, a top business group because on the government to have meaningful dialogue with protesters. tensions remain high a day after a violent demonstrati

i would like to point out that jeffries had a note out saying that mcdonald's might be a good partnershipyond meat. they say the second and third quarter will be strong. that story adding to the excitement we are already seeing in the stock given that this is such a high growth market. barclays estimates the meat alternative market could reach $140 billion. vonnie: the valuation is incredibly high. is it justified? jefferies basically says you should wait until the euphoria comes down. given the valuation is about 19 times -- far higher than we seen for other packaged food companies. yes, valuation is high, analysts still positive on the growth. at least jeffrey saying you should wait until it comes down a little bit. vonnie: kailey leinz, thank you. what a story for ipos this year. coming up, it is our global battle of the charts. this is bloomberg. ♪ vonnie: it is time for our friday global battle the charts. you can see the charts on the bloomberg on the function gtv . kicking things off his jessica summers. u.s.ca: i want to look at oil prices and the impact on summer gasoline pri

jeffries has really been -- reiterated in plus, we are watching galaxy resources after the ceo said a lithium prices is affecting funding for the industry. paul: thanks very much. to your point about australian stock markets, the i a sex is -- is looking-- the isx pricy. it has surged to levels not seen in more than two years. we do have a chart on the bloomberg terminal here that shows how valuations for aussie stocks getting to levels not nearly three years now. what has been driving the market higher and making stocks more expensive? >> a confluence of factors have then at play that have been driving up the market this year. two are quite notable. first of all, the surge in iron the markethas driven higher. we are also seeing the dovish slant from central banks all around the world. that sent the market higher as well. it raised hopes central banks inl cut rates and that will turn boost earnings. there is an anticipation that we year see a raise this lifting the market higher. expectations of rate cuts and tax cuts as well. does that mean the rally could continue into the second ha

jeffries of new york. the chair: pursuant to house resolution 445, the gentleman from new york and a member opposed each will control five minutes. the chair recognizes the gentleman from new york. mr. jeffries: i thank the chairman, the distinguished the gentleman from from the bronx for his leadership in connection with this bill. there is a growing culture of corruption that is festering within the department of commerce that should trouble americans regardless of political affiliation. absolutely essential that we continue to support the oversight that is independent and those who have the responsibility to police bad actors and explore waste, fraud and abuse. this amendment will increase support for the office of the inspector general at the department of commerce. this office serves an incredit apply vital function. it provides independent and objective oversight for an agency that is led by secretary whour ross, junior, someone has from time to time, found himself in hot water with ethics' experts h

you heard the congressman hakeem jeffries a few minutes ago. now on this? could it end up being something basically like a government shutdown for border funding? >> if they can't figure this out quickly then, yes. we're looking at a few days left in the week right now. if we believe what the secretary of health and human services is saying, this is dire. the end of the week is like the end of the month because congress is going on vacation for a week. they want to improve the situation for the children at the border. improve the situation in any facility they find themselves in. there isn't to spend the money the way we want to. lack of soap, lack of toothbrushes and sanitary conditions, it has broken it. they say, no, you want to do everything at once otherwise we have no guarantee we're not just endorsing this. is this something you could resolve? seemingly so if you could put stringent enough conditions on it. this is the debate they have to resolve today, if they want to get this to happen, because it's not the end game. anything that happ

lisa: joining me now to talk about that is robert jeffries, pastor of the first baptist church of dallas the host of a new fox nation show, "pathway to victory." real quick, tell us about your show so people at home know about it. >> well, it just launched on monday, lisa, at fox nation, and it's a bible inspiration. it doesn't matter what your denomination or faith is, it is great inspirational teaching from the word of god. lisa: congratulations on that, pastor. now, a little bit touchier subject, i'd like you to respond directly to what you heard last night from mayor pete. [laughter] >> well, to paraphrase the late ronald reagan, there he goes again. i mean, it seemed like pete buttigieg is engaging in his favorite pastime which is bashing conservative christians. lisa, i don't know of a christian anywhere who thinks that god smiles on the division of families. but, look, in our society even citizens who break the law and are sent to jail are automatically separated from their children. the only way to prevent that is to send the children to jail with their parents or not to prosecut

mgm resorts doing well david katz put out a note from jeffries this morning saying these casinos willelerating gross gailing revenue growth to perform well, which at the moment, is predicated on the outcome of the u.s. china trade negotiations. a trade deal would be especially welcome news because these casinos have licenses due for renewal in 2022, brian. >> contessa brewer, thank you very much. >>> in the meantime, the housing market could have a little more juice over the summer than it did over the spring because mortgage rates continue to drop. diana olick joining us now with a look at what realtors are hoping is a true story, diana. >> yeah, absolutely, brian it was a pretty unremarkable spring, but the housing market just got a potential boost in the form of those lower mortgage rates. rates took another dive on friday 3.86 on the 30 year fix. that rate up around 4.25 throughout much of the spring market if it stays here or even lower, that gives buyers a lot more purchasing power of course, the flip side of that is the reason rates are so low to begin with because of concern i

he understood from the beginning going along and he does did pastor robert jeffries, he says, he maybest at the bible, he may not have read it 2,000 times but he's the best for us. mra [applause] [chanting usa] thank you very much, everybody. you.k who are those 17%, right? i want to talk to them. [laughter] of the t trump: as one great students, fibe recently aid, every day on the trip is chance to love others the way christ loves us. where is fibe? up, fibe, thank you very much. very nice. [applause] president trump: so i want to thank ibe and i want to the students who are here with us today from all over the country. we're really incredible what you're doing, and i think people have no idea the numbers we're about, you know. you see all of this stuff on noisy, on, and they are they are loud, they are rude, they disgrace us in so many ways they get publicity. but they don't realize that we than they do. [applause] president trump: people don't realize it. we have more than they do. see it all the time. the young people that come, a er day in orlando, we had rally that was unbeliev

michael yee of jeffries.rks the end of the first half of 2019 a look at which global markets are leading, which lagged and w e co hhothsendalf of the year is shaping up. that's next. as someone in witness protection, i can't tell you anything about myself. but believe me, i'm not your average consumer. that's why i switched to liberty mutual. they customized my car insurance, so i only pay for what i need. and as a man, uh, or a woman with very specific needs that i can't tell you about- say cheese. mr. landry? oh no. hi mr. landry! [ grunting ] liberty mutual customizes your car insurance so you only pay for what you need. liberty. liberty. liberty. liberty. ♪ most of us don't know how much data we use, but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots, combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data by the gig. use a little, pay a little. use a lot, j

just a few minutes ago, hakeem jeffries, the house democratic caucus chairman, seemed a little out ofe context in which she made that comment, but he said it's obvious that inmumty humanity i taking place. >> sunlen, thank you very much. >> thank you all very much. see you tomorrow morning. >> "at this hour" starts right now. >>> hello, everyone. i'm erica hill in today for kate baldwin. long-time con iffidant hope hic testifies before the house judiciary committee. the white house arguing, not surprisingly, she can't answer questions about her role as one of the president's most trusted advisers because of, you guessed it, executive privilege. >> your reaction to the white house saying hope hicks should not answer questions about

gerri: jeffries taking a jab, lowering the price target of the model 3 maker to $300 a share despite's brain child. meanwhile, revelations the automaker may not be able to break a quarterly production reco record. [ inaudible ] the doom and gloom around tesla overblown, reiterating its outperform rating and giving it a price target of $355 a share. on the flipside, used car selling giant carmax beating new records. shares at their highest level ever after beating on the top and the bottom line. the company notching its fifth straight quarterly beat on earnings. wow. shares up 4%. >>> facebook's crypto plans garnering new scrutiny across the pond. the uk, french and german central banks announcing they have the right to oversee this, saying they will be monitoring the social network's new digital currency to ensure it does not pose a threat to the financial system there and it will not be used for money laundering. facebook shares up almost 2% and up more than 5% for the week. >>> coming up, the country's biggest banks about to release their annual stress test results. raymond james c

best buy 2020 plan and its strategies that joly created and by the way, joly is not going anywhere jeffries remains bullish on the company and says its involvement in healthcare and expanded service offerings such as in-home advisor and tech support that it's gaining traction and are more promising barry is originally from minnesota, home to best buy's headquarters, fitting. she studied accounting at a women's liberal arts college in the state, st. benedict, and she delivered a commencement there a few years ago and she opened the speech with a story about how she responds when people refer to her as a girl and she says this still happens she says she corrects them that she's not a girl, a gal, or a lady she's a woman. speaking of, barry now becomes just one of 33 women to lead a fortune 500 company and at 44, morgan, she's also among the youngest >> yeah, one to watch. this has been quite a transformation story, best buy thank you. >>> and don't miss best buy's executive chairman hubert joly at cnbc's inaugural evolve summit that's taking place june 19th right here in new york city. regist

we also see stocks falling from a record high after jeffries came out and said the stock is materiallyued. they also set expectations for the cloud computing product is also way too high. jeffrey waso know already the biggest bear on the street. we raised the price target to $90 there. that is also still the lowest price target. microsoft finally seeing some when taken out of its sales if it doesee continue. abigail: i like to pick up on the home weakness everyone talked about earlier era joe was talking, take a look at this, down 6%, they put up a solid quarter but there were nuances are plus, new home sales were week for the last month. this is dragging on the homebuilding etf but there may be reason to think it could maybe be an opportunity for the bulls. you look at the chart going back to 2017, the old we are looking at a yield and the light we're looking at a homebuilding etf. we see they both -- it started to hurt the homebuilding etf and the housing market in 2018 as rates basically held at near 3% and as the 10 year yield started to drop, we see the homebuilding etf getting a

according to jeffries, it could fetch an equity valuation of about 16 billion euros.loomberg exclusive -- for years, tesla has held revenue by selling carbon credits to other carmakers. these transactions have largely been shrouded in secrecy until now. general motors and fiat are disclosing filings that they have reached agreements to buy the credits from tesla. it's the first time an automaker has acknowledged turning to the electric car company to comply with regulation. and that's your bloomberg business flash. >> thanks very much. we are minutes away from the open. up next, we will take a look at the stocks to watch, including bang and olufsen. sales of the luxury electronics maker are slipping into an even deeper slump. this is bloomberg. ♪ ♪ welcome back to the european market open here on bloomberg tv. five minutes until the start of european equity trading. let's get the stocks to watch around the newsroom. easton is covering, and dani burger is focused on shelves. what's going on? this really doesn't look good. this is their first downgrade in seven months.