let's get the first word news with jessica summers. ssica: the united states says the iran's threats to close berut strait would unacceptable. strait carries 20% of the world-esque of a shift crude. oil hit its highest level in six months since washington announced an end to waivers. china is getting a makeover. beijing is exerting more control over the program. they will introduce a lower profile drive. global leaders are in beijing for this second world forum. polls have closed in egypt after a three-day vote on amending the constitution and allowing the president to remain in power until 2030. the army toppled an elective and divisive islamic government in 2013. seriousas suffered a setback in its efforts to send astronauts into orbit. capsule weekend, the was engulfed in flames. it flew to the international space station last month and was supposed to be reused in june. news 24 hours per day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers and this is

haidi: first word news with jessica summers in new york. jessica: oil is extending its games. ins.ts game flights were suspended after a plane from an easter based basedrd open -- eastern- warlord opened fire. there can be no military solution in libya. the trump administration is ramping up pressure on iran, labeling the guard as a organization. it is an unprecedented move and make itpt a backlash to harder for u.s. officials to work with allies in the region. it places the guard in the same category as al qaeda and the so-called islamic state. a u.s. judge has barred the trump administration from people to wait for years. the ruling is the latest setback for the president as he attempts to curb immigration. his policies have been repeatedly stymied by judges since he took office. says the u.s. is fallen can take no more migrants. u.k. lawmakers have voted to prevent a new deal brexit as pressure builds to delay the upcoming divorce. the vote comes as e.u. are said to be close. compromise is building between france, which is skeptical about extending the u.k.'s membership, an

let's get you caught up today with the first word news with jessica summers. jessica: fire has swept through notre dame cathedral in paris, forcing the evacuation of thousands and causing president macron to postpone his speech to the nation. the building had been undergoing renovation at the time. live pictures show the spire and part of the roof collapsed. most of the structure has been saved. larry summers's backing current said policy while suggesting -- fed policy. he agreed the markets are betting that jay powell is "considerably more likely to lower rates." president trump has argued the fed is needlessly restraining u.s. growth at a time of low inflation. india's trade deficit widened in march from a month earlier as higher oil prices raised costs. billion,eached $10.9 up from february and more than a billion wider than seen in bloomberg surgery. weakening global growth and trade are a threat to emerging economies. china's treasury holdings rose for a third month as beijing adopted more u.s. government debt amid the continuing trade war. tona's holdings

let's get the first word news now with jessica summers. jessica: the so-called islamic state says it carried out sunday's bombings in sri lanka that killed and wounded hundreds. initial investigations were focused on a domestic jihadist group but authorities say it must have had help from abroad. returned --tocks falling to its lowest level in six years. in brexit juggernaut is back motion as you can lawmakers resume cross party talks to seek agreement on a new deal. it is testing support before potentially putting a key piece of brexit legislation to a parliament vote next week. theresa may could also face a leadership challenge with putting boris -- johnson ahead of the pack. the u.s. and china are optimistic of trade talks, saying substantial progress has been made although more needs to be done. steven mnuchin and robert litan desert -- lighthizer are expected to fly to beijing next week. the chinese negotiator will travel to washington. larry kudlow says talks are going well. >> we are not there yet, but we made a heck of a lot of prog

haidi: first word news now with jessica summers. jessica: china's top trade negotiator is heading to the u.s. with a range of trade concessions as negotiations resume. they was cap tariffs on imported cars and it they plan to work on other concessions this month. tehy want to keep the momentum going. this as the two sides enter what could be the final stretch. -- european condition jean-claude juncker has reiterated criticism of china, days after xi tried to ease concerns in paris. jean-claude juncker told german lawmakers that he, angela merkel and micron told xi it is unfair for chinese companies to have advantages in the markets. and he says that they undermine, policy. aviation regulators say that a fix for the grounded boeing jets are unlikely to win approval. the safety system linked to two fatal crashes is being reworked by bowing to make it less aggressive, and less likely to malfunction. it was supposed to be shown to the faa last week, but the schedule has been pushed back. the agency says boeing needs more time to carry ou

haidi: let's get you the first word news with jessica summers. jessica: thanks.he trump administration is ramping up the pressure on iran. the league evolutionary guard is a terrorist organization. the decision's unprecedented move and may prompt a backlash that makes it harder for u.s. officials to work with allies in the region. the move places the guard in the same category as al qaeda in the so-called islamic state. a u.s. judge has barred the trump administration from forcing central americans to seek asylum to wait for mexico in months and years. the ruling is the latest setback for the president as he attempts to curb immigration. his policies have been repeatedly stymied by judges since he took office he says the u.s. is. "full and can take no more migrants." jack dorsey received his first salary payment since resuming the ceo role for years ago. a revelatory filing shows he pocketed 100 $.40, a modest sum sey's long elected not to take a salary, bonuses or awards from twitter. it is a testament to his commitment to the platform's long-term potential. glo

haidi: let's get the first word news with jessica summers. ssica: the initial investigation into the fire that destroyed notre dame is focused on renovation work that was carried out on the roof. prosecutors have all but ruled out arson, saying there is no evidence of anything other than an accident. newly released drone footage shows the majesty of the cathedral. it was the tallest structure in paris until the eiffel tower was built in 1889. >> we are a nation of great builders. we have so much to rebuild, so yes, we will rebuild the notre dame cathedral even more beautiful. i want that to be completed from now until five years. we can do it and here again, we will mobilize. jessica: u.s. factory production stalled in march as car output declined. headwinds for manufacturing and growth at home as well as abroad. overall production was unchanged from february while auto output slipped. manufacturers have to deal with rising inventory, continued uncertainty about trade, and falling demand as global growth slows. house speaker nancy pelosi has g

jessica: trade ash jessica summers. -- with jessica summers. jessica: significant issues remain but the enforcement mechanisms are close to done. sources in the administration warned that president trump may still walk away if he is not satisfied with the way talks are going. boeing has mounted a strong defense of it software. it failed to say whether the original anti-stall program was flawed. the ceo refuses to concede that the software was defective and said boeing followed the proper regulations when designing it. that accidents, there was a chain of events that occurred. one of the links in the chain ass the activation of the mc system. that was a common link in both accidents. we know that we can break that link in the chain. jessica: virgin australia has reached an agreement with boeing to delay boeing 737 max 8 deliveries to july 2021. it will convert eight of its orders to max 10 orders instead. safety is always the number one priority. and iranays inflation could reach 50% of the u.s. titans oil sanctions on the economy. last week, th

let's get the first word news with jessica summers. ssica: the trade talks focus shifts back to china amid increasing signs a deal may be close. treasury secretary steven mnuchin and the u.s. team will travel to beijing, having said significant issues remain but the enforcement mechanisms are close to done. a source within the administration warns president trump may still walk away if he is not satisfied with how the talks are going. boeing has mounted a strong defense of its software system linked to two fatal max crashes but failed to say whether the the original program is flawed. the ceo refuses to concede the software, and insists boeing have the appropriate regulations. the system was activated by incorrect data readings in both crashes. >> we know that in both activities -- accidents, there was a chain of events that occurred. one of the links in that chain was the activation of the system because of the erroneous data. that was a common link in both accidents. we know that we can break that link in the chain. jessica: the imf s

the headlines with jessica summers. epresentatives has passed a bill on -- setting up a possible white house veto. the resolution directs the president to rein in u.s. involvement in the saudi led conflict. it directs the removal of american armed forces from operations not authorized by congress to. the u.s. and japan have wrapped up the first round of trade talks in what is described as a good start to negotiations. the economy minister told reporters they discussed currencies, digital trade, agricultural goods, and the auto sector and that the two sides will meet again next week. he added japan is keen to strike an early agreement but there is no deal yet. reports from tokyo say japan wants the asian development bank to halt new loans to china on the grounds they are no laggard needed. the per capita income exceeds the upper range that the adp sets for borrowers. the minister will stress that point at the adb board of governors meeting next month. china was the fourth largest recipient of adb financing in 2018. and u.

let's get to the first word news with jessica summers. ssica: fire has swept through the notre-dame cathedral in paris, forcing the evacuation of thousands of visitors and residents. president macron gave a speech to the nation. the 850-year-old gothic building had been undergoing renovation. live pictures shows the spire and part of the roof collapse. the paris fire brigade says most of the structure has been saved. larry treasury secretary summers is back in current fed policy while suggesting the next move will probably be a cut. speaking at the peterson institute in washington, he agreed the markets are betting that jay powell is considerably more likely to lower rates than raise them. president trump has argued the fed is restraining u.s. growth at a time of low inflation. deficit as trade higher oil prices raise cost. the gap between exports and imports raised $10.9 billion, up from $9.6 billion in february and more than $1 billion wider in a bloomberg survey. the governor warned last week that weakening global growth and trade are a

jessica summers, what do you have?we will see plenty of action with the final four this weekend so i wanted to share the action in the oil market. wti discount is nearer to the smaller since august. that is quite interesting. essentially imports coming in from venezuela. exports surging, less applying the u.s.. wti making all the shots in closing this gap. vonnie: jessica, you have done an amazing job this entire tournament. you managed to put in the puns and make relevance to the charts you are choosing. even though michael mckee is always going to be in the wedding top -- in the winning three, my winner is jessica summers. guy: i will back you up on that one, vonnie. jessica: thank you. vonnie: i feel like the winner, now. it has been of march -- it has been a fun march madness. -- thelook at the arcade brk . it is very entertaining. thanks to all of our players in the march madness battle of the charts. tradeweb is trading up 27%. we have the major indices trading differently from one another with the dow up .5%

against sarah we have jessica summers. oil is making a major move.up and hit a key technical level that may be a game changer. we can see crude in white hit this technical 200 day moving average. now waiting to see whether oil can close above it. this can be a level of resistance, a logical place to sell for some traders who ended up catching this rally. on the other hand we could see buying. it is up in the air. important to watch. just as important as watching the final four this week. turn on the bloomberg at gtv . vonnie: we will have to make time for that. it is a tough one. it comes down to the final second. my pick today is jessica summers. jessica: thank you. guy: i thought they were both great charts. let's put it this way. i'm going to go along with vonnie. we want to a clean winner. i will stick with vonnie's call. vonnie: jessica summers it is. sarah ponczek, we know you'll be back another season. coming up, "balance of power" with david westin. today guests include democratic congressman james clyburn. markets, we did take a turn low

haidi: first word news with jessica summers in new york. jessica: the u.k.eems to be heading for a long delay from brexit. the short extension from theresa may will not be enough to break the deadlock. she held talks in paris and berlin but they should last up to one year. that is a blow who seeks deep divisions on the conservative party. the labor opposition says she is offering enough concessions. the eu and china released a joint statement after talks in brussels over divisions to present united front to the president. the two sides reached the court after china made concessions on industrial subsidies that removes the threat of an eu detail. beijing stand together. >> we can also be honest with each other when we need to be over progress that is lower than what we but like. dishonesty and the determination to face the challenges together have made a lot of progress. jessica: steven mnuchin says he is not worried about losing as his job as he releases president trump's tax returns. a request from the democrat is under review and he will follow the law. se

i am jessica summers.ed after the trump administration said it would not waivers ontions countries buying iranian oil when they expire on may 2. it is 20% of the crude. oil hit its highest level in six months as washington announced an end to waivers. paul's have closed in egypt after a three-day vote on amending the constitution and allowing president lcc to remain to remain inl-sisi power. a widespreadave crackdown on dissent. the apparent spontaneous in shanghai has prompted investigations. circulate onto social media. they said one of the cars caught fire while being repaired. china recorded at least 40 fighter related incidents involving new energy vehicles. fire-related incidents involving new energy vehicles. over the weekend, it's dragon crew capsule was an golf in -- its dragon crew capsule was engulfed in flames. spacex hoped to launch a manned dragon caps off as early as july. global news 24 hours a day, on , air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more

haidi: let's get you the first word news with jessica summers. jessica: thanks. china's top trade negotiator is heading to the u.s. with a range of trade can concessions -- trade concessions. scrap tariffs on imported cars and plans to tighten regulations on the opioid fentanyl. the concessions are seen as efforts by beijing to keep the momentum going as the two sides enter what could be the final stretch. european commission boss jean-claude juncker has reiterated criticism of china days after xi jinping tried to ease concerns in paris. younger told -- he told lawmakers that it is unfair for chinese companies to have open access to e.u. markets while the reverse is not true. he said selected chinese investment undermines e.u. foreign policy. a veteran algerian leader, beautifully got -- leader has agreed to step down. news agency says he will go before the 28th of this month while taking important steps to ensure the smooth running of the state. he sparked demonstrations when he announced he would stand for a fifth term as president. as u.s. aviation regulators

i am jessica summers.his is bloomberg. >> thank you. the imf and the world trade organization are increasingly as a mystic about global growth, warning momentum has been lost. global growth projections to the lowest in three years, citing the impact protectionism. christine lagarde saying the global economy is in a precarious situation. she is not expecting a recession, but there are global headwinds. the fed taking its foot off the thepedal, but there is also trade war that does not have a resolution just yet. speaking at the u.s. chamber of commerce, she says the global economy has weakened since the last update. she says it is not all bad out there. we do not see a recession in the near term. growthct some pickup in the second half of 2019 and into 2020. so you see now what i mean by unsettled. the global economy is at a delicate moment. >> in a panel discussion at the chamber, she characterized the slowdown as a synchronized the celebration. in january, the imf lowered its outlook for this year. mind,

right, let's get you to first word news with jessica summers. jess? ica: a long delay for brexit. they say the extension wanted by theresa may will not be enough to break the issue in parliament. who faces to may, deep divisions in her conservative party. opposition- labour says she is not offering enough concessions. and a joint statement after talks in brussels, papering over a division to present a united front to trump, the sides facing an accord after a tariff on industrial subsidies. this avoided a veto. they are determined to stand together in the face of trump's america first policy. >> we can also be honest, with when progress is slower than we would like. , it will help us face our challenges together, and it has allowed us to make real progress. jessica: steven mnuchin and says he is not worried about losing his job if he releases president telling ax returns, committee that the request from democrats is under review and that he will follow the law. several have called the request a political attack and a violation of the president's privacy

let's get you first word news with jessica summers. jessica: the u.k. minister theresa may is turning to labour opposition in a last ditch attempt to find a brexit deal for parliament. she wants jeremy corbyn to work with her to prevent deadlock and prevent the country from crashing out of the e.u. without an agreement. a softer brexit would potentially keep the country inside the customs union and even the single market. >> i am taking action to break the logjam. i am willing to sit down with the leader of the opposition and agree to a plan that we can both stick to, that we leave the european union and we do so with a deal. >> the deal doesn't mean that they will be no disruption, or that it will be smooth. there are big problems. allg prepared means that unforeseen problems should be manageable on the e.u. side. jessica: top republican mitch mcconnell is warning president trump's threat to close the border with mexico would have a potentially catastrophic impact on the u.s. the president made that threat last week, but has not acted since, saying he

loomberg's jessica summers is here with today's trading. ss, the question here and now s whether or not this rally will last, right? jessica: exactly, we have seen rally yesterday and closing at the highest level in six months inching close to that $75 a barrel mark, that is after the trump administration has come out and said there will be to the iran sanctions waivers. he said that saudi arabia will supply gap. that's an interesting point. we had reports today that saudi rabia actually is a bit more tentative, a little bit more cautious in doing so. bloomberg sources telling us to really wait until production and exports decline before significantly boosting output. thanks for that. for more on the direction of crude prices, let's bring in the energy and utilities at nasdaq. have you with us. saudi arabia may not really hold deal of ir part of the boosting supply, so what can we of opec plus s actually helping support the market? >> i think that saudi arabia is preemptively add barrels to the market until they signs that the market is risi

i'm jessica summers. this is bloomberg. paul: thanks very much.he other big story investors are watching today is president as the fedg the ante kicks off its two-day policy meeting. he praised chinese policymakers, saying they had a great stimulus , well the fed has lifted rates despite low inflation. trump called for a steep one point cut in rates, saying it would help the u.s. economy take off like a rocket. kathleen hays joins us from beijing. have heard all of this before from trump, haven't we? kathleen: there is an intensity. it is the timing of trumps twitter tirade. as you just said, he is lighting into the fed. can we just call those screens up again to look at the details of what he said and put them in perspective? there is donald trump introducing jay powell to the white house. he has done nothing but criticize fed policy ever since. china has hammered its economy with stimulus. they have cut rates. he has attacked the fed for lifting interest rates, which started to get us off. he said going up like a rocket, buying bonds, this is no

jessica schneider. take us through this. >> well, brianna, of course, this was a policy last summer that really sparked chaos, as well as outcry from the publi, , once they saw the images of those children ripped from their mothers and fathers. and of course, the policy was reversed by executive order of the president, but we are still now seeing the repercussions. so reports from late last year from inspectors general, it revealed that the department of homeland security actually wasn't fully prepared for the rollout of this zero-tolerance policy that led to these family separations last year. for example, the border patrol didn't take these crucial steps, like taking fingerprints, providing wrist bracelets, or even taking photographs to ensure that children who were just too young to talk could later be correctly identified, and then linked to their separated parents. in addition, computer systems that were meant to keep track of these children, some of them actually erase large portions of these data. plus, health and human services, they never actually had a central database for location information for the separated famil

i'm jessica castro from abc 7 mornings, and meteorologist mike nicco is here with our forecast. >> good morning, everybody. it looks like summera look at our temperatures. 60s along the coast in san francisco, low to mid-70s elsewhere. it gets even warmer at the coast tomorrow and then much cooler by saturday. alexis? >>> finally some good news in san francisco. northbound 101 connector to eastbound 80, all clear. as you can see things are moving along much better once you get to that point, but residual delays both on 280 and the 101 in san francisco. 14 minutes for your average. >>> the latest on wendy williams' personal drama as her estranged husband says he wants to right some wrongs. stay tuned for that. we'll have another abc 7 news update here in about 30 minutes and always on our news app and >>> good morning, america. it's 8:00 a.m. breaking news. the massive manhunt under way at this hour. schools closed across colorado as authorities search for this 18-year-old woman, considered armed and dangerous. obsessed with the columbine shootings, and accused of making a credible threat against students. the fbi's warning rig