red, bluff and world number 9, younique's in a face and action of the how the atp tournament and john the lisa. but most of the attention has been focused on the math behind me. wednesday was rochester as a at tell us the 20 time grandson champion this on a don't send to quotes to my office and told me victories. and the traditional will not events ahead of when signs the rugby world cup is getting close. this was the australia seem unavailing. their official drugs use for the tournament, which thompson from on september, 8th, and $78.00 days time. that is what you'll support for me for now. i will have an update like 10 minutes. thanks very much indeed. that's it for this news. uh, but the read that movie here, the more today's news in just a few minutes, the stay with the city town here on the the village estates control information that's controlling the narrative to dominating the media. how does the narrative improve public opinion and enormous 5, they might not be the most important story about china of the day. but that's what the big piece of attention to. how is citizen, jim listened,

the same time would be great. he probably ever talks about finance stuff. lisa: are they the same person? tom: we will have to see. johnwith the ford motor company. futures, -18. lisa: we have been talking all day about what is going on with respect to the fed, respect to the ecb coming up in about an hour. we are going to hear from christine lagarde and get the rich decision. we get this note which builds on what we were hearing from winnie cisar saying a credit is more attractive than equities and the most attractive in 15 years. this is the divergence right now. there is a growth in ai and there is everything else and in. there is yield. people like credit. tom: there with the idea that out of circulation, if you get disinflation, if you get a rosenberg move and you get the rate down, all of a sudden you are not just clipping coupons, you have a total return opportunity. tom: -- lisa: people are finding ways to finance. tom: the premarket and 80 ford motor company, i can bring that up on a professional service. ford is rocketing. this is numbered. -- this is bloomberg. ♪ get help with j.p morgan personal advisors. h

station in virginia beach, saying the lord told him to start the christian broadcasting network, or cbn. johnhe was a towering figure. lisa: john anchor today. >> “the 700 club.” lisa: where robertson's “700 club,” named for 700 original pledging viewers, is still the flagship. robertson created a global network, but didn't stop there. he looked to shape minds and in the 1970's founded the private christian regent university, as well as a national legal foundation. john: it shows his business acumen, to a certain extent. he was someone that i would call maybe a serial entrepreneur. lisa: but robertson wanted a wider reach. robert: it's pretty early to be talking presidential politics for 1988. but the people who do have started including the name of pat robertson in the list of possible republicans. lisa: his white house bid was a long shot, but he found his base, christian conservative voters, and finished second in the iowa caucuses. pat: i entered the race so i might speak out on great moral issues confronting our nation, and i entered the race to win. i did not win. lisa: robertson turned his failed presidential campaign in

this is the "new york times" wrap up, 17 republicans voted yes, john boseman, shelley moore o, susan collins, kevin cramer, chuck grassley, mitch mcconnell, the minority leader, jerry moran, lisa murkowski, mitt romney, john thune, thom tillis, and todd young are the republicans who voted yes on the legislation. 17 republicans joining 44 democrats and two independents, the final vote in the senate. 63 voting yes, and 36 voting no. before the vote, it was mitch mcconnell on the floor of the senate talking about the debt limit agreement. this is some of what he had to say. >> last night and an overwhelming majority of our house colleagues voted to pass the agreement speaker mccarthy reached with president biden. in doing so, they took an urgent and important step in the right direction. for the health of our economy, and the future of our country. the fiscal responsibility act avoids catastrophic consequences of a default on our nations debt. just as importantly it makes the most serious headway in years toward curbing washington democrats reckless spending. the bill in the house just past has the potential to cut federal spending by $1.5 trillion. now the senate has a chance to

the country. tuesday morning, george mason university's jamil john offered talks about the indictment of former president trump and the legal implications. then, sally goldenberg discusses the 2020 for elections, and lisaamilton talks about how the cost and lack of childcare affect families and the economy. c-span's "washington journal," join in on the conversation on c-span, c-span now, or online at c-span.org. >> c-span is your unfiltered view of government. we are funded by these television companies and more, including comcast. >> do you think we are just a community center? no. it is way more than that. >> comcast is partnering with 1000 committee centers so students from low-income families can get the tools they need to be ready for anything. >> comcast supports c-span as a public service, along with these other television providers, giving you a front row seat to democracy. >> c-span now is a free mobile app filtering your unfiltered view of what is happening in washington, live and on-demand. keep up with the day's biggest events with livestreaming floor proceedings in -- of hearings, the courts, campaigns, and more from the world of politics, all at your fingertips. stay current with the late

the treasury john glenn. and for later the shadow leveling up secretary lisa mandy, after that extraordinary 24 hours and russia, we're gonna work out what it means for the conflict in ukraine with the former head of the british army general lord bannock. and we will have expert analysis on all of british intelligence christopher steele and in grand, we'll have a live update from moscow with our very own diana. we have important matters to talk about today, but we will get to that shortly. let's start with some immediate live reaction to the events in russia from the government, i'm joined now by the chief secretary for the treasury that is john glenn, good morning mr. glen. >> good morning. >> the government emergency response committee met yesterday, what is the government understanding of the situation this morning? >> it was convened by the foreign secretary this is fundamentally an internal matter for russia obviously observing an unstable situation russia but it is fundamentally an internal matter and we've obviously -- which conversations have been had over the last 24 hours civilian interests are consid

program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> good evening. i'm lisa desjardins. johnang is a way. with just two days to spare before the u.s. would have run out of money to pay its bills, president biden signed the bipartisan deal to suspend the debt limit, officially avoiding a potential catastrophic default. in the first oval office address o demoofcratic priorities protectd in the deal. in iowa today, republican presidential hopefuls refused to give mr. biden the last word. like nikki haley, who vowed to make cutting the debt more of a priority. >> when i am president, we will cut the spending, we will cut the debt, we will make sure -- i will veto any spending that doesn't take us back to pre-covid levels. no more debt once and for all. >> we will return to the effects of the debt deal later in the broadcast. at the israeli egyptian border an unusual shootout last night. israeli officials say an egyptian officer crossed the border overnight and killed three israeli troops before being killed himself. it's rare violence for that order area. egypt's military says th

lisa: it is the first week in july and we get the june jobs report on that friday. i will get the exact date out for you. i believe it is john it is july 7. lisa: let's take a look at the markets and you are seeing a lift and a bit of a reprieve after yesterday's selloff that was led by the tech names you are seeing. a bit of a reprisal and if the s&p and less of again. euro strength, this is important. getting to the 110 level -- 1.10 level of the hawkish discussion from christine lagarde. tom: this is a fragility that has been off the radar with russia and with all that is going on with the economics finance and investment but here is the theme. euro is stronger and began his week. --the yen this week --is weak. lisa: especially given the fact that the japanese economy has been a haven for many people who keep saying let's by japanese securities. i am watching yields grinding higher on the front end around the world and the yield curve getting more inverted particularly over in europe. tom: i will have to see. there is no other way to look at it. futures up three and the dow at -51. tom: the questions around the earnings -

the new 3 is lisa king john and received it. typically it's susie stick. welcome from party members in pyongyang. but the overall mood at the meeting was still on the north korea's failed attempt to launch its 1st spy satellites into space. last month was described as the greatest failure. officials in charge of the mission will criticized and do to prepare for another launch as quickly as possible. so far as show critics of its own failure is a clear reflection of anxiety and concern. insight, the ruling party and the republic, because so north grant needs to continuously develop the mat, reference of mass destruction in order to prepare for the event. eventual negotiations with washington in south korea detected. last month's launch from north korea's main space center. the us says that involve ballistic missile technology, which goes against un resolutions. the rocket question to the see show we have to take off in south korea's military salvage some of the projectile. and the say this is what's most worrying north korea davis like so dave, close to the

was made possible by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. lisa: good evening. i'm lisa desjardin, john yang is away. we begin tonight in ukraine as its forces ppare to launch a counteroffensive, russia is striking across the country. in the eastern city of dnipro, strikes late saturday killed a 2-year-old child and wounded almost two dozen others. five more children were among the injured. top ukrainian officials, including president volodymyr zelenskyy, now say that more than 500 children have been killed since russia's invasion began. in northern afghanistan, nearly 80 young schoolgirls, grades 1 to 6, were poisoned at two separate schools, in a first of its kind attack since the taliban takeover. the girls have been hospitalized with unspecified injuries. the person accused of planning the mass poisoning had a "personal grudge," an afghan education offici said. an investigation is ongoing. since the taliban took power nearly two years ago, girls have been banned from education beyond the sixth grade. in eastern india, the investigation into friday night's train disaster found that a

the sea because of a technical problem. last month, victoria gave him great reports. 3 is lisa king john and received a typically it's susie stick. welcome from part to members in pyongyang, but the overall mood at the meeting was still on the north korea's failed attempt to launch its 1st spy satellites into space. last month was described as the greatest failure. officials in charge of the mission will criticized and do to prepare for another launch as quickly as possible. so far as show critics of its own failure is a clear reflection of anxiety and concern. insight the ruling party and the republic because of north grant needs to continuously develop the mat, weapons of mass destruction in order to prepare for the event. eventual negotiations with the washington. the south korea detected last month's launch from north korea's main space center. the us says it involves ballistic missile technology, which goes against un resolutions. the rocket question to the see shortly after takeoff and south korea's military salvage some of the projectile. and let's say this is what's most worrying north korea davis like so dave, clos

the committee. i wish john well. lisa major is here, somewhere in the gallery.hen i was on the committee, she was assigned to me is my unofficial intelligence, she did a great job. i want to thank you for that. listen, no committee is more vital or essential for national security and this intelligence committee. i'm sure each of you on the panel, could be at a greater level of committee of bipartisanship, the greater the likelihood of the committee for fulfilling its mandate. the issue is a potential of crisis, which faces the committee on many, with china, russia, iran, cyber security, boris security and the invasion of ukraine being just a few. in no waypqÑ■ what i suggest ths committee diminish its focus on any of these critical areas. what i am urging, though, is with all of the legitimate concerns with any intelligence committee, the congress, the media on the issues i listed, i asked the committee for at least elect focus, to have the threat of alarmist terrorism, and all facets of our government keep a similar focus. as a new yorker, i lost many hundreds

the future starts now. lisa: welcome back. tom and john left me alone in my prognostications. riod for the federal reserve. when it comes to economic data and corporate moves. what we are seeing in the market right now pretty much flat. a little bit of softness on the nasdaq. reassessing some of the gains we are seeing year-to-date. russell 2000 underperforming again. over the weekend notes really questioning if we can enter a new bull market without the participation of the russell 2000. crude prices materially higher. 2.4% gain on the nymex after saudi arabia said they would cut by one million barrels unilaterally without participation of the united arab emirates and the yield space. you're seeing yields about five basis points higher through the curve. a little bit less of the long end. looking at 3.5%. taking a look at the ongoing dollar strength and euro weakness. peter scheer was saying he didn't think it would last. i want to run through some other names. we are seeing in the specific equity space exxon and chevron responding to what we sought opec-plus. exxon up 1.5%. a

the senate, it was not as easy. >> a lisa murkowski and susan collins were the first to buck their party and that left john mccain.is a shell of a bill. >> it was not well thought out and that offended john mccain. >> he was not inclined to follow party lines. and, he was sick with cancer and came back to vote. >> the question now is whether he is going to take that maverick label and wear it proudly as he potentially takes this down. >> the republican appeal failed, 49-51. >> the bill came on the floor in the middle of the night with no time to review it. >> trump had committed the ultimate offense when he made the comment about mccann. >> he is a war hero because he was captured. i like people that were not captured. >> it was like he went out on the senate floor and did this. >> he said it was the right thing to do . >> it was the end of repeal and replace. >> something this profound could not have been done without exquisite presidential leadership. thank you, for getting us over the finish line. >> had he not done that i think we would have seen the republican party resist trump more. >> sad news this hour. j

the drama plays out. tom: lisa sent tom and john are good people. r] lisa a: would you stand by the on the record? absolutely, some of us are good people. just kidding. [laughter] tom: can you say the offspring are good people? lisa a: some argan people. jonathan: looking forward to that conversation. i promised a call on tesla and dan ives. most are playing chess, the others are playing checkers. 234's were retrade at the moment on tesla. the latest news is verity of gm is joining ford to use tesla's ev charging network. you're going to have an industry-standard in the u.s., driven by elon musk and haslett. tom: i don't know anything about this other than to say that everyone i know who has an ev says this is a huge starting point deal. jonathan: tesla up by 4%. gm up by 3.5%. this is bloomberg. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you fir

this is the "new york times" wrap up, 17 republicans voted yes, john boseman, shelley moore o, susan collins, kevin cramer, chuck grassley, mitch mcconnell, the minority leader, jerry moran, lisaurkowski, mitt romney, john thune, thom tillis, and todd young are the republicans who voted yes on the legislation. 17 republicans joining 44 democrats and two independents, the final vote in the senate. 63 voting yes, and 36 voting no. before the vote, it was mitch mcconnell on the floor of the senate talking about the debt limit agreement. this is some of what he had to say. >> last night and an overwhelming majority of our house colleagues voted to pass the agreement speaker mccarthy reached with president biden. in doing so, they took an urgent and important step in the right direction. for the health of our economy, and the future of our country. the fiscal responsibility act avoids catastrophic consequences of a default on our nations debt. just as importantly it makes the most serious headway in years toward curbing washington democrats reckless spending. the bill in the house just past has the potential to cut federal spending by $1.5 trillion. now the senate has a chance to m

at the same time, john lawler from ford motor said they are in ai company. i get it but i think we've reached the silly season. lisaa sense of what got the most in terms of traits, investors poured more money into tessa last week than any other stock. -- into tesla last week than any other stock. tom: i don't think they are doing ai trades now but i'm looking at spotify. if you have offspring, they have spotify. i think this is been usually anticipated within the music business, spotify competing with apple music says they will have a premium tier that will have some form of hi-fi audio. they've been way behind on this and we forget there is something that society uses each and every day with a return back five years. it's 2.4% per year which has not worked out. lisa: you will expect more of this but that's not enough to drive everything higher but stocks are a bit lower as we head into a breather potentially. tom: don't start with the fed speaker. lisa: 8:30 a.m., u.s. building permits and housing starts for the day. and manufacturing activity fedex will be after the bell in terms of earnings may be a bellwether.

the senate, it wasn't as easy. [nancy] alaska's lisa murkowski and maine's susan collins were the first to buck their party. that left arizona's johnard ever since he said this on tuesday. it's a shell of a bill right now. we all know that. [ezekial] this wasn't a bill that was well thought out and that, i think, very much offended john mccain. he was a man who was not inclined to follow party lines just to follow party lines. and he was sick with cancer and came back to vote. the question now is whether he is going to take that maverick label and wear it proudly as he potentially takes this down. [don] breaking news right now. the republicans' obamacare repeal failed in the senate tonight, the vote 49 to 51. [david] bill came on the floor in the middle of the night. there was no chance to review it. sixteen million people would lose their healthcare. [john] john mccain hated trump. thought he was a person of no character. and trump, of course, had committed the ultimate offense when he made the comment about mccain is a pow. he's a war hero. he's a war hero 'cause he was captured. i like people that weren't captured, okay? i hate

the ecb president, jay powell, as well as andrew bailey. tom: is this pre-jackson hole? this is a philosophical question. lisa: deep thoughts i john. , these are the seminal speeches. how different is it now versus late august? tom: my observation is francine is going to get better food then chipped be on toes. -- beef on toast. bitcoin has done nothing for us. we have to have another bitcoin quote. futures are negative eight. shields are in. even the 30 year is on a global slowdown. curve in version, oil is under 70 area currency is a jumble. the ruble is weaker, i'm going to call it the year of resilience. lisa: people are game out the unknowns, saying we will settle with the nones. we will do with the fact and the knowledge of a wonderful cast, including a retired general. that is going to be at 7:45. ian bremmer, later on we've got ben hodges. we will be very well versed on this. the latest with respect to these manufacturing recession. this could be important. even carl weinberg was saying this is leaving him the most optimistic since the 1960's. kicking off the jackson hole preview, christine lagarde giving opening remarks on

the inflation conundrum is have a recession. >> this is bloomberg surveillance with tom, jonathan ferro, and lisa abramowicz. tom: good morning. john -- jonathan ferro, lisa abramowicz, and tom keene. it's been a monday and portugal and we watch it every central banker on the planet. many central bankers doing fed presidents and governors speaking. can we get them all there to talk? lisa: jay powell and also of course is counterpoint -- counterpart lagarde. tom: i'm looking at the fallout of a central bank panel in portugal on the markets. it is fascinating. an absolutely brilliant note this morning, harkening back to 2004-2005. you will love this. the vortex of instability. will they create a vortex of instability as howard edwards talked about years ago? this was a famous moment before the crisis and there is that tension out there as central bankers speak to that. lisa: are they going to go too far? that's the key concern. the u.s. possibly has a different situation, much more concerned about downed, more upside surprises in the data so maybe we get a different tone from jay powell. it is in europe, are they going to hike into a

the john williams and richard clarida do. it's a different flavor but within that is still first rate. lisa: also today, president biden is hosting the indian prime minister at the white house. this will be interesting given the questions around you rain and support versus russia as well as the technological outreach of some of the u.s. companies looking to india as a place of growth. tom: is that are brief for today? lisa: yes. tom: the news overnight of china with president biden, i thought that leap out at me. lots of news flow today but we will keep you covered. the two year yield is 4.71%. i think i have the air conditioning plague. margi patel joins us, senior portfolio manager with the courage to look at dividends and dividend growth as a bond proxy. where is the balance right now between capturing yield in the bond market versus capturing dividend growth in the equity market? >> the short-term treasury yields are very tempting. if you look at u.s. companies, they have never been better position. they are in a position to raise dividends over the next few years. their globally compet

and speak out of his claims that he is the victim of a weapon eyes witchhunt, and very few voices are countering that, a handful, lisa hutchinson, bill barr and johnn but by and large very few, and as a result, what trump is been able to do is set up a construct in which moving away from him in the primary process is in effect rewarding those persecuting him, that makes it difficult for the other republican candidates even as the evidence grows that this is as you would, difficult to win the general election. >> the random selection of judge cannon, does it make a mockery of this whole legal process, that they've gone through given she has ruled in his favor in the past, a lot of people are very concerned about that perception at least of bias quick >> well look, in the interests of justice, i think she should recuse but i don't think she will, always a possibility that she engages in some rulings and has done rulings that are just legally baseless like her decision the special master case, could you appeal up to the 11th circuit and say i'm looking at the case law, this is a judge who really needs to recuse herself, absolutely. what i will also s

lisa: perhaps people are sick of worrying. good morning this is bloomberg surveillance. tom and john both off lisa abramowicz here and i'm happy to say i'm here with nila richardson for thethe field today everyone is taking a breather after getting it wrong. we are seeing rally for the week going back to march when everybody was worried about the banking crisis. is there reason to feel optimistic for no reason to feel optimistic? nila: the sun is shining it's friday. i didn't realize it was going to be on air so i'm thrilled to be with you. we are seeing some good economic news is just when you look too closely the glare of that can be very as long as you don't look wrigley act data and what's underneath it. you find you can enjoy the weekend. lisa: incredibly not encouraging. we will dig into the data. what did you call it? nela: it's a pessimism pause. lisa: i think that is where were at. it raises the question of let's get blinded a little bit and dig under the data. do you think the people are missing the forest for the trees of little bit. nela: if you're focused on the short term you are focused on the fed action. if you are focused on the long-term you realize the

the government under pressure? that's a real change to what we expected six months ago? tom: as john says, we are halfway through the year and the year is like 14 months long. lisan a continual whipsaw and a lack of uncertainty and in specific regions, there are bifurcated recoveries and within the u.s., certain states are doing better in certain states are not. it's hard to get a handle on the overhead top level view of the economic picture. tom: let's solve that now with janet henry. at hsbc. let's blend together the derby that is upon us here with the china moves. the hong kong and shanghai banking has this ability and if we see a disappointing china, will we import their challenges? will we import their disinflation? >> not immediately. relative to the consensus view earlier in the year when there was a huge amount of optimism regarding china and the reopening and some people looked very excited about the idea of unsynchronized growth, that china would lift europe in the u.s. went to the inevitable hard landing. the u.s. has already been more resilient. china has not had the explosion on reopening and this was the second reopening and it's now clear that the

john paul mac isak. james comer saying that payments from foreign nationals for the biden family could exceed a whopping 40 million dollars, i spoke with michigan congresswoman house oversight committee mistake lisaer here is what she said. >> what is concerning to i think the american people, and what we're finding is china has more influence with the democrats and this administration, than the american companies. and that is extremely concerning. why? the only dots that i can connect is its pay-to-play. maria: joining me right now louisiana congressman hours majority leader steve scalise thanks very much for being here. >> always great to be back with you, maria good morning. >> your reaction to what you just heard pay-to-play for the biden family. is this all-in ip and how long has this been going on? >> you know when lisa talked about large what we've been finding out in investigations, incredibly large disturbing american people should be alarmed as well we're just statutorying the surface disparity between irs says little over 8 million dollars identified in payments, to hunter biden not reported, jamie jamie economy getting bank records could be over 40 million dollars you saw audio record

lisa monaco were not part of it. you see james truss see and john rowley, and then lindsey halligan, another trump lawyer, it's very common at the end of an investigation or as an investigation is reaching a charging decision for defense lawyers to come in and request a meeting with senior officials at the justice department to make the case about why their client shouldn't be indicted. that's what this feels like. again, we haven't confirmed that. as you said, we're reporting on nbc news that the grand jury is expected to meet this week after am weeks' hiatus. one of trump's former lawyers, parlatore said on "meet the press" yesterday that he felt this documents investigation had reached a charging decision. that's what it feels like here at the justice department, that we're seeing the end of this. whether the grand jury votes this week and votes to indictment donald trump or whether there's some other outcome remains to be seen. as you know, chris, a lot of legal experts have been looking at the evidence that's been made public in this case for a long time and said almost any other defendant faced with this set of evidence wo

lisa, let's first start with whether or not we think this arraignment can proceed as scheduled today because of the attorney issue we just outlined. what's your take? >> you know, john, you outlined it exactly correctly. typically speaking judges in any federal judicial district in the country expect that an attorney who's not only licensed to practice in that state but is a member of the bar in good standing in that federal judicial district is a separate emissions process is a representative of the defendant even if they have counsel who's taking the lead who comes from out-of-state as tom blanch does. this morning it remains to be seen and we have a source telling us in this district there's some flexibility. the other variability here is what i call the president's $3 million man. he's the guy hired last year to represent the former president in this case. eventually trump grew dissatisfied with him, and the feeling was apparently mutual because he felt like folks in trump world were not taking his advice and listening to him. but he's the former solicitor-general of this state. he's licensed to practice in general, and he's admit today the florida bar. he's exp

tom: john tucker of bloomberg has an iphone that was in raiders of the lost ark. lisae is a fixation that it is only seven names. there are a lot of other names but they are not up 30%. mention meta. facebook is up a lot as well but there are a lot of other names with a nice, appropriate lift that, you today of twentysomething percent. to me, it is not just seven names. jonathan: some work to do over the coming week. ahead of the fed decision on wednesday, maren from blackrock saying -- marilyn wilson from blackrock saying we think it likely the fomc will keep current policy rates unchanged next week as it continues to digest and economic data. this would not necessarily mean the end of the hiking cycle, however, and we have seen plenty of pockets rhetoric from various fomc members in recent weeks. tom: alberto golomb -- gallo framing 6% in terms of yield. no one is looking for hiking to get to a full 6%. marilyn watson, from formal income strategy. the pain in the bond market is down 7% on bloomberg. we have come back 6% or 7%. a simple question, now what? you assume

that you're not seeing from the turkish central bank because people are expecting them to get inflation under control. tom: francine emailed and said john is in ishia. lisaalking? tom: john is having a rabbit stew with portobello. island to island, on assignment, jonathan ferro. futures s&p -- stay with us, this is bloomberg. ♪ ♪ >> it is clear that in the e.u., we should have continued to build on our strengths of being a trading superpower. but at the same time, there are certain economic security concerns which we need to address in a more conventional environment. tom: one of the most interesting voices in continental europe, he is a former prime minister and executive vp for trade for the european commission. he has been helpful with bloomberg surveillance over the years. we love that our global audience, in particularly, our audience in europe, who thinks nothing of flying down to iskia. thank you to oppenheimer and company for correcting my fractured italian. he's on assignment. he does it better than we do. michael: because he follows italian football. tom: thank you so much, frank. thank you for emailing me this as well. nobody sends me emails a