julie: geez... robbie: julie? julie: oh, my god. you're, like, giving me anxiety right now.ould do this in five seconds. you're kind of stressing me out, like, all this. robbie: okay, do it. show me. julie: what do i do that frustrates you so much? robbie: the micromanagement, making sure that i'm pushing this and that on a customer 'cause sales are down. do you not think that i know what i'm doing? julie: i can't go further. julie: i feel like i could do this in, like, five seconds. this is frank. sup! this is frank's favorite record. this is frank's dog. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. wlet's do it. ? ♪ come on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the g

julie: geez... robbie: julie? julie: oh, my god. you're, like, giving me anxiety right now. i could do this in five seconds. you're kind of stressing me out, like, all this. robbie: okay, do it. show me. julie: what do i do that frustrates you so much? robbie: the micromanagement, making sure that i'm pushing this and that on a customer 'cause sales are down. do you not think that i know what i'm doing? julie: i can't go further. when you barely clip a could do thtpassing car.five seconds. minor accident - no big deal, right? wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ are you one sneeze away from being voted out of the carpool? try zyrtec®. it's starts working hard at hour one. and works twice as hard when you take it again the ne

julie: geez... robbie: julie? julie: oh, my god. you're, like, giving me anxiety right now.eel like i could do this in five seconds. you're kind of stressing me out, like, all this. robbie: okay, do it. show me. julie: what do i do that frustrates you so much? robbie: the micromanagement, making sure that i'm pushing this and that on a customer 'cause sales are down. do you not think that i know what i'm doing? julie: i can't go further. julie: i feel like i could do this in, like, five seconds. it's kind of stressing me out, like, all this. robbie: okay, do it. show me. lemonis: i appreciate the fact that julie, for the last year, has had to do all of the work and solve all of the problems, but if this business and this relationship is going to survive, she's gonna have to respect the fact that robbie has reentered the business, and the way she's handling it isn't exactly the best way to help somebody boost their confidence. robbie: it makes me sad that we used to do it together and buy together. julie: when i go to market, i'm, like, a madwoman. like, i wake up at like 6:0

julie: geez... robbie: julie? julie: oh, my god. you're, like, giving me anxiety right now.eel like i could do this in five seconds. you're kind of stressing me out, like, all this. robbie: okay, do it. show me. julie: what do i do that frustrates you so much? robbie: the micromanagement, making sure that i'm pushing this and that on a customer 'cause sales are down. do you not think that i know what i'm doing? julie: i can't go further. julie: i feel like i could do this in, like, five seconds. and butch.aura. and tank. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal. we really pride ourselves on >> temaking it easy for youass, to get your windshield f

julie: and i am julie hyman.aylor: this week, we are focused on that hospitality merger and the fight over loyalty points. julie: yes, a very loyal customers on both sides. we are also looking at the issue of key men risks. taylor: that is when one company is reliant on one ceo. julie: sometimes to the company's detriment. there have been examples in the past weeks. facebook, a lot of questions about mark zuckerberg's recently leadership. papa john's and john schnatter. there are other examples. taylor: we are going to look this week at fiat chrysler. we had the late ceo and his relationship with fiat until his sudden death. julie: here's jim ellis. biggest threat is calming the markets down that he can be the ceo that sergio was. he was a ceo's ceo. he was a world traveler and a guy who was taking care of companies on two sides of the atlantic. he was a guy in the auto business was as close to steve jobs as you could get. he was a person who made outsized projections and surprisingly, in recent years, he has bee

julie: tjx. forecast up, second-quarter net sales beat highest estimates. they got every single one of them green. right now, premarket, almost 5%. we areese reports, coming to the end of the retail reports in terms of earnings. it has been a mixed bag. walmart and nordstrom doing well. jcpenney doing poorly. a range in between. , former ceo of saks. good to have you. steve: good morning. david: i will put up a chart that shows retail sales. it has been bumping around, the growth level. it is around the same level for some time. give us your sense of where they are? steve: the consumer is in great shape. retail sales, first half of the year, north of 5%. that would come out of the mastercard numbers. you are seeing a consumer that is seeing best results since 2012. it is a healthy consumer. they are shopping, buying. results second-quarter reflect that. first quarter results reflect, for six months reflect a strong earnings report. julie: one of the limiting factors for retailers has been cost. t

julie: in new york, i'm julie hyman. this is bloomberg markets. to our futures in focus section. feeling a lot more optimistic, trade tensions easing between china and the u.s.. that bear market in copper, the selloff in base metals, how do you see it through your hourglass? >> obviously we are looking at terex. -- at tarriffs. some ofhourglass? the economic data has started to soften. the early tariffs do not have an impact on much of anything, certainly not on consumer demand for gasoline or crude oil. the base metals took the earliest hit. as we go deeper and deeper without result, obviously the base metals will be what gets the foot on the neck so to speak in the commodities space. the economic data has started tocrude oil has an effet but it is good to hear about the low-level talks coming out between china and the u.s. to possibly put a floor into these things. mark: what are the key levels for copper, it is the bellwether of the global economy, we have belowrom $7,500 to just 6000. bob: 6250 has got a be the area you have to stabilize above

julie: yeah.l: there are a lot of investors who are very reactive, and who will look for an opportunity to buy when prices fall. that is less of a gold story and more of a pro-cyclical commodities story. so, oil and other commodities where prices dip, you see a lot of investors are buying. i think what is happening in gold though, investors who are in higher or more expensive gold funds are looking at that as an opportunity to get in a higher tax harvesting strategy, taking advantage of a different price to reset their lower exposure into the lower cost fund. julie: and finally, i have to ask you about something outside of metals, something that some people consider a commodity, i suppose, and that is bitcoin. you were among the crop of people who applied for a bitcoin etf. they rejected a handful, including yours. what now? will: well, i think it is personally disappointing because myself and everyone at the company has worked very hard to do this. i think the major thing that i would point out,

julie, welcome back. >> julie: i'm julie banderas in for sandra smith. a driver in his late 20s deliberately slammed his car into pedestrians earlier today. they are calling this a deliberate attack on an iconic landmark. the suspect was arrested at the scene. police say he is not cooperating with their investigation. >> he has been arrested on suspicion of terrorism offenses and taken to a south london police station where he remains in custody. given that this appears to be a deliberate act, the method and this being an iconic site, we're treating it as a terrorist incident. >> bill: benjamin hall is live on the scene in central london. what do you have at this hour? >> as you just heard that police now treating this as a terrorist incident. it is the method we've seen used so often. a vehicle to mow down people. no fatalities earlier this morning. 10 people injured, two seriously. one is still in the hospital. it began 7:37 this morning when a car moving around parliament square went across the middle of the road sending cyclists flying trying to ente

. >> julie: i'm julie banderas. turkey has rejected an appeal to free pastor brunson as they ramp up pressure on one another. the state department saying pressure won't stop until all the americans being held in that nation are sent home. >> we've been very clear with turkey about our expectations and desire to have our people brought home. pastor brunson gets the bulk of the attention in the news and from a lot of folks. but it is just as important to us to have the nasa scientist brought home as well as our three locally employed staff who were working at our mission in turkey and have been detained for quite some time as well. >> julie: david lee miller joins us with more. >> julie, the political as well as the economic dispute between turkey and the united states has continued to escalate this morning. relations between the two countries have gone from bad to worse. turkey's trade minister announcing a short time ago his country is increasing tariffs on 22 different items that are imported from the u.s. for exam

julie: from new york, i'm julie hyman. ."omberg markets time for futures in focus, and we are watching gold today getting hit from all sides the precious metal extending losses. paul from casey you asset management in chicago. it has not been just recently, but over the past year, it has been unusual for gold even at effect in we have had other markets. what has changed? paul: i think it is a realization that gold is no longer that safe haven currency. it is a lot easier to get in and out of treasuries, the u.s. dollar, and even some of the other foreign currencies like the japanese yen. it is a broader and deeper market than gold might be. gold has really been an anti-dollar trade. the dollar has been fairly strong over the last year, year-and-a-half. gold has been generally weaker. we are not seeing the inflationary pressures globally so it is tougher for investors to put money in gold. it is easier to do through the treasury or dollar market. julie: do you expect that trend to continue? we broke briefly below $1200 announc

this is "bloomberg commodities edge." ♪ ♪ julie: i am julie hyman.is "bloomberg commodities edge." it is time for the data dig, where we delve deep into market trends. let's start up with oil inventory numbers. crude fell more than analysts expected, and that helped prop up oil prices, in particular. we saw a big deadline in the southern shale region, and we saw some weakness coming into the u.s. dollar. a general rise in commodities, but here we saw some fund news -- fundamental news that helped out the numbers. also big this week, the e.p.a. proposing a new rule giving states more authority to regulate carbon emissions from coal fired power plants. despite these government efforts, analysts expect continuing declines of coal production, consumption and exports. all projected to decrease in 2019, in part because of natural gas. also this week, the u.s. crop tour kicked off across the corn belt. analysts combing field by foot, counting ears of corn and individual soybean pods. the data collected is compared to the usda estimates. this year those usda

visit ncicap.org] ♪ julie: i am julie hyman in for alix steel.elcome in to "commodities edge." 30 minutes focused on the companies, the physical aspects, and the trading behind hottest commodities with the biggest voices in the business. joining me is javier, who is bloomberg's chief market -- chief energy correspondent in london. today the spotlight is on aramco. plansarabia is delaying to take its state-owned oil giant public. perhaps not to be at all, or at the very least, delayed. ashley, let's start with you. what do you think is behind this delay, and are there implications for saudi arabian its production at all as a result of this? >> this delay is not unexpected. i think even when they announced it two years ago, people were skeptical that saudi arabia would be willing to give up the confidentiality they have always valued in favor of a short term cash infusion. they have found a better way, and that is more money in the p.i.f., and they can do that by fueling the salvo petro chemical field. it brings money into the country, and it doesn

existing home sales for july at 10:00 eastern time. 2:00 come of the fed releases minutes from its july meeting with markets looking for a hand on rate hikes in the balance sheet. we expect the u.s. to impose sanctions announced earlier limiting exports to russia of goods and technology considered sensitive to national security. right now it is time for the bloomberg first take. we are joined by our guest. marty, we have to talk about these convictions. first, paul manafort. eight out of 18 counts. it looks like he will go to prison for a long time. >> that is what it looks like. it is a big victory for bob mueller. this is a huge boost for his efforts to get david: to the bottom of collusion. to get to the-- bottom of conclusion. david: the president said this has nothing to do with me, but the situation with michael cohen is more closely tied to the president of the u.s., and his lawyer coming out saying my that myaid under oath crime committed the because he was asked to. >> he has a good point. what is the implication for donald trump's presidency? to me, steve bannon had the best p

julie. >> julie: unbelievable. bill: monday morning president trump firing back over the tapes secretly recorded by omerosa. the president calling his ousted advisor whacky and vicious after she secretly recorded some of her conversations with him and chief of staff john kelly like this one that occurred apparently in the white house situation room. >> if we make this a friendly departure, you can look at your time here in the white house as a year of service to the nation and you can go on without any type of difficulty in the future relative to your reputation. >> bill: white house correspondent for usa today gregory korte. how are we to understand this relationship? >> complicated and goes back many years. she was a contestant on the apprentice, donald trump's reality television show before he became president. she was fired off that show famously a number of times and now fired again from the white house this past winter. and yet, you know, even after the firing we now have this other telephone conversation tha

julie: and in new york, i am julie hyman. mark: let's check in on the "first word news."is kailey leinz. regulators have made it harder for traders to bet against the turkish lira. rules have been eased on restructuring troubled loans. president erdogan stepped up his dispute with the u.s., imposing new tariffs on a wide range of american-made products. all this has to do with america educate the attention of a turkish pastor. we spoke with his lawyer. >> he is happy with the u.s. defending his rights but not with becoming the focal point of all of this economic and political spat. he wants to go home and wishes no harm on either u.s. or turkey. he wants this to come to an end. kailey: a court in turkey is now considering his appeal. china claims the 30% tariffs violated wti rules by unfairly helping u.s. producers. the trump administration says the tariffs are necessary to protect american producers. u.s. factory production expanded in july for the second month in a row. output beat estimates and showed gains in the manufacturing of durable goods such as machines, vehicl

julie: thank you.jobs' numbers. more than 160,000 jobs added last month. below the 190,000 consensus, but we had an upward revision from june. that is something to keep in mind. the unemployment rate holding steady at 3.9% and average earnings, rising year-over-year at 2.7%. we do see futures coming u.s. futures coming off their highs of the session perhaps on the headline number coming in below estimates. they are still hanging onto a gain, but barely. david: coming up, the truck driver shortage. trucking companies are having trouble finding drivers to higher and the fed is concerned. that is coming up next. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. i'm emma chandra in the green room. .oming up, the open this is bloomberg. heineken hopes it has found a way to grow hops in the chinese market. they have taken a three point billion dollars stake. the world bank of scotland has unveiled a plan to pay a dividend a decade after its government bailout. it's payout is still subject to a final agre

julie: thanks.released yesterday from the july 31-august one meeting left little doubt that the chairman plans to raise the rate , saying the stance and monetary policy remains accommodative. carmel us from denver is wellso, director of research and portfolio manager of janus capital management. we get this idea that perhaps we're getting to a point where things are no longer accommodative. the fed has been telegraphing this all along. as thee the implications fed continues on this trajectory? >> you know, i have to stick with the points i have made before when i have been on, and that is that we will continue to see increases in rates. it will be steady. we still think it will be three of 2019, ande end the markets are able to absorb that. the yield curve has flattened. but when we see the 2-year basically unchanged after the announcement, people are expecting a recession but not in the near term. all the cinnamon indicators support that. -- all the sentiment indicators support that. housing contin

>> julie: you bet. >> bill: good morning. >> julie: i'm julie banderas if for sandra smith this morningident criticized those who protested last night asking them to find another way to speak their minds. let's go live to rick leventhal who joins us live in new jersey where the president is on a working vacation. >> the president has been an opponent of players kneeling during the national anthem since last september criticizing owners for not punishing players who take a knee during that anthem and three months ago the nfl updated its rules which obligated players then to stand during the anthem or wait in a locker room until it finished playing. the players union wasn't consulted on the rule change and fought back arguing it violated the collective bargaining agreement. the league frozen forcement. those players who kneeled may not be punished. two miami dolphins took knees and others walked out while the anthem was still playing. this morning the president tweeting the nfl players are doing it again taking a knee when they should stand proudly. numerous players wanted to show outrage

julie: where are we going? why he is doing it and taking a private is to avoid reporting. the president agrees with him that we should only do it every six months is what the president tweeted out. how realistic is this? not realistic.s the sec has been reluctant to schedule of quarterly reporting. it has been a cornerstone. it serves a place. we have had calls from different leaders from jamie dimon in terms of getting rid of short-term thinking. i do not think moving from a quarterly to semiannual fixes that. you look at europe, which reports on that basis, and there portfoliopushing for shakeups. this is not the fix others might think. it seems toroblem me is the issue was thinking is more a function of the trading environment been coming from the company's. ies. : i spoke to long-term investors about this issue and they said they really appreciate the volatility around quarterly themngs because it allows to continue to build on thesis and add to positions when the market overreacts or under reacts. they are

julie? julie: macy's is our stock of the hour, moving back to the u.s.more than 14%, or did at one point. they are having their worst day since -- emma chandra is here. earnings report looked pretty good and it looks like our explanation is the cost may be the problem. emma: it was a strong second-quarter be across the board. i have the comparison sales here. it was their third straight quarter of positive growth after 11 of decline. bloomberg intelligence, many of the analysts inc. there was nothing bad. looked like it was pointing toward the company making good progress trying to turn around and realign itself with the changing consumer as they shop more online. investors do not like the costs associated with the change. on its earnings call they can season growth margin pressure in the second half. other people noting they raised their full-year guidance by the amount they beat this past quarter, saying that is very conservative. i spoke with bloomberg intelligence and macy's tends to be conservative with their guidance. all department stores falling

julie: from new york, i'm julie hyman. this is "bloomberg markets."ine: let's check in on the futures markets with teachers and focu -- futures in focus. let's bring in brine battle -- brian battle at the cme. we are at 7/10 of a cent almost. a haven of choice once again, brian? brian: that's exactly right. this turkey thing is more of a global policy thing than a market thing. to put this in context, turkey's economy is half the size of canada, the records the size of mexico, so it's not that big of an economy. if the cornerstone of europe and north africa and the middle east. it has more geopolitical import than anything else. you're exactly right. the dollar is rallying on turkey in the short term. longer-term, don't lose sight. looks like there try to slowly but surely devalue do you want -- the yuan and deconstruct the currency and china to make up for the tariffs that are imposed. all reasons to buy the dollar. caroline: because higher from here with a 96 but. spot. how high could we go? brian: [laughter] i wish i knew. what is going to be a fun

julie: i'm julie hyman."bloomberg markets." scarlet: we live at bloomberg world headquarters in new york over the next hour. here are the top stories we are covering. bumpy road, elon musk makes a gambit to silence his critics, but many questions remain unanswered, including how will he pull off the biggest leveraged buyout in history. cryptocurrency crashed again, bitcoin slumping as much as -- hope for a bitcoin backed etf. box office buzz, the executive producers of "crazy chimeric agents," talks to us about the premier. u.s. markets closing in two hours and abigail doolittle is tracking the moves. not many moves to speak of. abigail: not much happening. mixed action for the dow. it is down slightly. s&p 500 and nasdaq a little bit higher. all were lower earlier, not a lot of conviction as we enter the dog days of summer. hop into the bloomberg and take a look at this chart of the s&p 500's daily moves. tons of volatility earlier with the big moves for the s&p 500, but take a look at last december during

julie: yes. not entirely surprised. from new york, this is bloomberg. ♪ mark: i'm mark crumpton with first word news. the united states announced new sanctions against russia. the u.s. has made its final determination that vladimir putin's government was responsible for the march fourth nerve agent attack on a former spy and his daughter in the u.k.. the state department said the sanctions tied to the use of chemical weapons are expected to take effect on august 22, but did not immediately say what they would entail. justin trudeau says canada will speak up against human rights and will maintain its current approach with saudi arabia. this comic came after canada criticized the saudis for the rest of women rights activists. >> canada will always stand up for our workers and companies. we need to make sure we are predicting -- protecting canadian interests. we continue to engage with the government of saudi arabia. the ministerof -- of foreign affairs had a long conversation with their minister yesterday, and diplomatic

julie?continues to run with the bulls getting a new record high on an intraday basis. but our tariffs and tiny monetary policy putting us on the brink of recession? you can see rising probabilities for a recession which indicates we are closer now than we were a year ago. joining us is nela richardson, a senior strategist. that sounds dramatic the most estimates. maybe we are further out than the brink. it is good to see you. do you think that those predictions for economic growth will tip into a recession? when will that start to meet stock of the pressure on stocks, which are discounting mechanisms? nela: we don't think there is a recession on the brink at all. if you look at the second quarter, you see a lot of strength. 4% see gdp strength over growth in the second quarter. that is not all stimulus. that was business investment and consumer spending. so fundamentals in the economy are very strong. when you get to the corporate side, it is even more strength. we saw corporate earnings upw

mark: julie. julie: now to u.s. economics.e inflation held at 2.9% in july for a second month but core cpi surprised economists by picking up to 4%. michael mckee joins us with more. earlier i described inflation as benign. can we still qualify it that way? michael: we can, it is less the level than the speed with which it is appreciating. we saw the headline number holdfast. in the months to come, it is likely to stay there been because we have some numbers. august last year was one of the highest for inflation, so you will not get as much of an increase on a year-over-year basis. core inflation, that may go up some. there are a lot of, and i do not want to use the word idiosyncratic" because we use that with turkey, but the core at the bottom, it is 2.4%. that is the highest since 2008. it is based on things like airfares, which had gone down, going back up, car and truck prices continuing to rise, a rise in prescription drug prices . things you would not necessarily attribute to a much stronger economy because car sales hav

i am here with julie hyman. julie: good to be here. at what is going on with the markets this morning. s&p futures, not much has tried just has changed. volume.o see low we see there are bigger moves in the british pound. we have britain's international saying a fallout is more likely. i want to mention breaking news. the top ofhange at pepsi. the long time ceo will be stepping down. be followed by --. the company has been dealing with some challenges, notably, a decline in soda consumption. david: she has been an icon as a ceo. she has been outspoken and people have followed her. people are moving away from sugared beverages and they have to deal with that. she had a different hand to play because of frito-lay. they have been very successful. frito-lay makes up about a quarter of the company's revenue. hassnack business flourished under her leadership. she is the first ceo of pepsi, of first foreign-born ceo pepsi. with her departure, we were trying to do the count of the female ceos in the s&p 500. we count about 26. this would take

julie: live from new york, i'm julie hyman.ark: live from london, i'm mark barton, counting down to the european close in four minutes time. julie: i want to check on the u.s. major averages. we are seeing this leg downward that has taken the s&p into the red. you can see the drop more clearly. it is not a large one in size. the magnitude, it is dramatic. where not sure what is going on. material stocks did move into the red, industrial stocks moved into the red, leading the losses as technology is holding up well. at wheree a look european markets are trading as we head to the close. against up marginally the dollar as is the euro. european stocks are down but off their lows of the day. we are three minutes away from the end of the monday session, dominated by turkey. this is "bloomberg." ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity m

. -- julie. julie: the single look at markets. it looks like discovery is just starting to come back out. i don't know if you want to jump in. david: second-quarter adjusted eps missed. earnings before introduction on taxes on 1.2 billion. the second-quarter revenue is 2.8 5 billion. that is a narrow miss. i don't see the earnings per share. we have been looking at this because discovery has been struggling because they have been losing scrubbers as most basic cable outfits have. -- lost rating. s./ they added the scripts properties. they make reference to makesdavid aslam reference to the scripts integration. he says they continue to make great progress with the integration but does not give much more detail than that. david: when they made the deal, they said they would have savings of $350 billion. they have taken that up to 600 billion. that seems to be driving that deal right now. let's get to rachel evans, bloomberg cross asset editor. rachel. let's turn to you. disney is the big one we are looking for after the bell. then w

. ♪ julie: i am julie hyman. we are 30 minutes from the close of trading.tocks with a touch of 3% for the first time since june is the fed reinforces its attention to raise rates. a new turn with the white house holding the call right now to update on tariffs against china. the stock posing its biggest since 2017. is just the upcoming's earnings report will be a lot more and analysts are gearing up since elon musk last out it analysts in the last earnings call. >> the federal reserve wrapped up two days of meetings by anno key interest rates ll remain unchanged. updating the view of the u.s. econo now mounting for a raise n benchmarkng costwice more this year. joining us with more ihairman dan, joining us from boston i believe. good to see you, dan. t. gose thisll us, do you think assessment look strong for the andoes provide for another rat increases this the data andng at talking with companies, it is clear the u.s. economy is strong. the one thing that was not addressed, however, that was mentioned at least the last time this?hat could change we have a v

onto my report, operations, for the month of july, there were two greater alarms in the month of julyrst one was a second alarm on monday, july 2, 2:52 in the morning. this was in golden gate park, 940 47th avenue. this was the golden gate park, the clubhouse. stand-alone structure, it was fully involved when members got there. they had some problems with water supply. there was just one little low pressure hydrant with low pressure. the police ended up blocking it. sometimes the police meanwhile, when they get there first, they block it. we have worked with them. they understand that -- they need to understand we need access to the streets or any of the roads in front or near the fire buildings, and we also need access to these hjdrants. sometimes they've done good jobs as fires where they've made rescues, but sometimes they get in the way, so we need to find a happy medium with them. but they did an overall good job with this fire. temporary chief yee does a good job when he's in division. also, i would like to commend at this fire, it was casper, mark casper, he told the crews, get

julie: for good and for ill.ding on what we see with the cooked a crazy process -- prices that is. revenue beat the highest analyst estimates and that is as the chief operating officer is pardoning -- parting the company. the executive team is taking on his responsibility. the company does not plan to hire another coo. aopbox plans to give financial forecast on its earnings at 5 p.m.. keep an eye on that. he was a former google employee brought into dropbox. corp. earnings out and they are a smidge of what -- a smidge above what analysts were estimating. they're making a pretty good transition into the digital space which seems to be paying off. scarlet: "what'd you miss?" we note steve mnuchin has pushed tax cuts and sanctions, and has captured america's attention we -- attention when he signed the dollar bill. we're getting a deeper look at his -- at the trevor secretary. devin leonard has been examining deeply in bloomberg businessweek. did he agreed to be interviewed or talk to us? >> it's funny you mention t

this would have been on the afternoon of july 2. according to burns himself, on the third of july he was visited by some the southern officers and questioned about his activity. , while he isening in bed, shots come through the window and the confederates are trying to assassinate him. the bed.under he has a lot of stories that are interested like that. he survived the battle and survived the war and becomes a somewhat of a national celebrity. maybe his story would not have been known if it wasn't for the fact that a new york newspaper writer mentioned in one of his , aumns that john burns civilian in the town, had been wounded fighting in the battle. we are not exactly sure how it happened. gettysburgdy came to two days after the battle. he was looking for subjects for photographs that would be turned into cuts that would be used to illustrate a magazine. he asked where he lives, went to his house, and took photographs of john burns at his house. there are a couple of different photographs year of him. photographs are actually diff

this would have been on the afternoon of july 2. according to burns himself, on the third of july, he is visited by some seven officers, and questioned about activities in the battle. and a later that evening, while he is in bed, shots come through the window, and a confederates are trying to assassinate him. he rolls off the bed and then under the bed. he has a lot of stories that are interested like that. he survives the battle, and survives the war and of course, becomes somewhat of a national celebrity. maybe his story would not have been known if it wasn't for the fact that a new york newspaper writer mentioned in one of his columns that john burns, a civilian in the town, had been wounded fighting in the battle. and we are not exactly sure how it happened. but matthew brady came to gettysburg two weeks after the battle, and was looking for subjects for photographs that would be turned into woodcuts that would be used to illustrate harper's weekly magazine. in some cap, -- and somehow, he learned about it asked where he , lives

. ♪ >> live, i am julie hyman.carlet: i am scarlet fu. >> tech is leading the gains nasdaq rising for its third straight day while exporters of -- way on the dow. joe: the question is what did you miss? >> apple becomes the first u.s. company to reach the $1 trillion mark, beating out tech competitors, amazon, microsoft, and alphabet. tapping the brakes on the fuel economy. trump administration unveils plans put in place. a cloud of sexual misconduct hangs over cvs. our report may have a second story on the media company that is set to report quarterly results after the bell today. iphone maker the has just become the first u.s. company with a market cap over $1 trillion. apple crossed the threshold this morning when the stock crossed just over $207 per share. joining us with more in san francisco is mark. you -- i think there is an exact number needed to get above. i have to admit a little skepticism on over $1 trillion. what it does encapsulate is the importance and really how revolutionary this company has in no

ed: thank you, julie.'m here today with marcelo claure, the coo of softbank and chairman of sprint. it has been a busy week for softbank. they have announced the sale of flip card. they have invested in alibaba's delivery business. they are also rumored to be looking at the ipo of their japanese mobile unit. that would be somewhere in $19 billion. they have also invented -- invested in the pizza market. lastly, you had your sixth hit. congratulations. a very busy week. makes the question, which you must think about a lot, which is this, what exactly is softbank? marcelo: this week, it has been an important week for me. i am a happy father of my six kids. it has been a very happy week. from a softbank perspective, every week is busy. you have the world's largest technology fund committee you are always going to have a lot of activity going on. this week was just like any other week. has a chance to listen to massive earnings. it is a company like every company, it is a company that is evolving. it is a comp

like julie said,onmarosa is the on offense here. you saw the president pick fights with mueller, with wbrennah the mayor of d.c. over parade costs, pick fights with andrew cuomo. the president wants to be choosing the fights he's in. omarosa has however many more tapes. she seems to have strategy of releasing them. she wants to sell a lot of oks. he doesn't control that narrative. you see in this week trying to push theebate into friendlier terrain. robert: it is not just about what the president is doing to fight omarosa's book. he's using words like dog in his rhetoric. orwhat is the costhe white house politically? >> y have started to see some pushback from republican leaders who are not comfortable with thatro language comingthe white house, from the top leader of the free world, calling american citizens dogs. but it is clear that this book has gotten under th' president' skin. omarosa has known the president r more than 15 years. she talked about his mental abilities, the fact that he might be declining. he has a tanning bed n

and basically, we were called and received numerous calls throughout the week from july 2 until july 9 regarding a shutdown of the 400 block of washington street. now, it initially started as a first amendment activity in front of the federal building. that's the homeland security-i.c.e. building at 444 washington. after the 2nd, the streets were blocked off by some of the involved individuals, and they were blocked off using pallets, fencing material. there were vehicles at some point, and some our city has specific -- >> commissioner mazzucco: excuse me. let the chief speak. please don't interrupt while the chief is speaking. it's your first warning. thank you. >> -- again camping on the sidewalks, and as the week went along, there were several tents that were encamped on the sidewalks and both sides of the street. on the night of the incident, we -- after we cleared the -- the streets, there were approximately 25 tents that were tagged and bagged by the department of public works, so i said we had received numerous complaints by the public, including public urination, cooking on t