julia: florence kelley. kelly came to the subject very early, partly through her introduction to european socialism when he went abroad in the late 1880's. lewis hines was a lot of work he did with photography. because around the 20th century, when film became pliable and exploited heecame , used cameras to build into the factories and show the suffering of children. that was transformative in the way that people understood child labor. how much attention the cause got. what happened to his photographs, can you talk about the role of the media? julia: they would use those photographs to kind of humanize what was happening in these mines. the photographs were used to emphasize how small the children were for their age. sometimes they would be very graphic with injuries to their hands, when they were caught in a machine and maimed, or the squalor they lived in, because of their poverty. susan: what does your research tell you about the families of these children and whether or not they actually supported the r

julia: exactly.mbers are discussing a compromise agreement that would see oil production increased between 300,000 and 600,000 barrels a day. that is according to people briefed on the talks. joining us with the latest is david marino, weston following the developments. oil, let's talk about that? >> let's talk about oil. scarlet: no barry trotz? >> it's over, finally. [laughter] julia: the russians came in hardin said we should increase which million barrels, fits the amount we expect to be taken up a lot of those expect to be taken off the market because of venezuela and iran. >> it's a compromise. name of the weakest compromise week. they will have to fight with iran, venezuela -- julia: iraq. >> anyone who does not want resumption of supplies. where they start to talk -- it may have 600,000. scarlet: how big a deal is 300,000 to 600,000 barrels a day? how much do the non-opec partners produce? -- opec by rhizopu itself produces 30 million a day. scarlet: this is symbolic. david: symbolic, and oil

julia: thank you, lupin rahman, and julia leite.give you some context of where we are looking as we head to the market open. dowfutures off 1.2%, the off by 1.5%. not as low as we were earlier, but significant weakness in light of what we have seen. the nasdaq has been the upper former the past two weeks. butd: not as bad as it was not pointing to a very happy day at the moment. coming off of europe, not having a great day either. is a broader risk off, commodities. a lot of questions being asked. ultimately, what will china's u.s.nse be to the responding to china? david: moore on brazil's challenges. more on brazil's challenges. you can listen to bloomberg on the radio. live from new york, this is bloomberg. ♪ emma: this is "bloomberg daybreak: americas." coming up in the next hour and senator chris van hollen of maryland. now to your bloomberg business flash. in germany, audi has named the sales chief interim ceo, replacing the previous chief who was arrested in the diesel emissions investigation. shares of a japanese online marke

julia: live, i'm julia chesley. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. julia: 30 minutes from the close of trading. u.s.sion dominated by trade tensions. joe: would you miss? >> the trade tit-for-tat is back on. beijing wastes no time fighting back. a central bank shade up -- shakeup. and president trump's closest confidence rally around the junk-bond king. the push to pardon michael milken gaining fresh steam. a $50 billion tit-for-tat after their bowels of swift retaliation. china will impose 25% tariff on $50 billion worth of u.s. imports with tariffs on $34 billion worth going into effect july 6. sound familiar? it mirrors the announcement issued by the office of the u.s. trade representative robert lighthizer. stefan, bye welcome phone, always great to have you with us. thank you for joining us. the president said they would consider whether tariffs if the chinese retaliate. facilitatingis talks on chinese trade and improvement? or is it just to further ratchet up tension? the administration has been clear if the chinese did respond in the way they

julia: i am julia chatterley.come together for a wide variety of priorities that contribute to health of american cities. one of our porters joins us on ank you.t, mayor, th >> it is great to be with you. mayors get things done. used to be the laboratories of democracy, it is now our local cities. urban and oral areas, i do not buy that when i am here. areas, i do rural not buy that when i am here. it is washington and then there is us. mayors are getting the job is done and the places where america is winning, we want to give people faith in government and addressed the biggest challenges our nation faces . julia: one of the big challenges for your city is homelessness and you've taken all sorts of action to build shelters. how are you going to put that into practice because people are very supportive until you try to build a homeless shelter where they live, and they go, we are less excited. >> we have had incredible momentum, we have doubled the amount of pacing which we are housing people. it is a challenging

julia: fascinating.ther let's bring in er who has also been watching every step of this legal ordeal. talk a little bit here about what this means in terms of the deals in the health care space. obviously the reporter mentioned as well, but do we just assume cigna and cbs are not going to get any pushback? would the judge saying he deny a stay. just want to mention that. >> ordeal is a nice way of putting it. we have followed this from the beginning. howalked endlessly about badly this is gone. what does it mean for other deals? if you are interested in doing a big deal already in the public domain, the department of justice -- it's hard to see how they go after another company with the steal. had they won, i think people would be very spooked. you would have a president in place which would worry people about trying these vertical mergers. when at&t and time warner proposed this deal 18 months ago, there was no precedent. there was nothing in this space that wicate that they would lose, that they would

julia: and i'm julia chatterley.their next president on sunday, with issues like trade and immigration at the top of mind. the peso is one of the worst-performing major currencies this quarter, reflecting concern from investors about mexico's clinical and economic future. we are joined by our mexico city bureau chief. rita have you with us. what we are seeing from the markets is pricing for what has been perceived as the most high risk, and that is a win for the leftist candidate here. what are people saying as we go into the election about the domestic level of a win for him? >> yes, there are a lot of doubts about what is to come with his administration. the questions go around how responsible use going to be with the budget, how he is going to manage some of the goals he has established in social spending. get those he is projected to get by cleaning up the corruption under the government? so this is a bit of a wait and see moment and trying to get better clues after the election signs ofsee actual what he is goin

julia: i'm julia chatterley. markets." ♪ julie: we are live and bloomberg world headquarters in new york over the next hour. here are the stories we are covering around the world. president trump is getting his second supreme court pick. the courts crucial swing vote as anthony kennedy announces retirement. the trade waters. the u.s. softens its threat against chinese investment in u.s. firms. is it enough to comtrade fears? we will look at all of this washington drama affects the market. scott davis is our guest. close one hour from the of trading. let's get a check of the markets with abigail doolittle. while we were occupied with breaking news on the supreme court, the markets reversed. abigail: earlier today, we had the three major averages higher. the dow up more than 1%. the dow is down .5%. the nasdaq, and one tell on this possibility earlier, all day, even bonds have been rallying. we have the rally on the 10 year yield. down five basis points. at 2.83%. well below the psychologically important 3% level.

julia: in new york, i'm julia chesley. we are 30 miss from the close of trading. stocks rally and treasuries fall on solid payroll numbers. joe: the question is would you miss? summit with gentle north korea's back on. president trump met with north korea's former spy chief. the tweet that stole the spotlight from the numbers in the jobs report, president trump hinted at strong data. the prime minister elect of spain faces a tough road ahead. will have toament convince his allies to unite behind him. >> the summit became president trump and north korean kim jong-un is back on again. it president met with the north korean envoy and spy chief at the white house today to lay groundwork for the june 12 meeting. >> i look forward to the day i can take the sanctions off of north korea. here with more, margaret, what is about this going to happen an hour ago. he did seem to manage expectations and say this is the long path ahead. it could not get more public than what we saw today. >> that is right. president put a box around this to manage expectations. this is the firs

julia: and i'm julia chatterley. to bloomberg markets. scarlet: we are live and bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and from around the world. trade tremors. president trump imposes tariffs on billions of dollars worth of chinese goods and beijing retaliates. paper pressure. the currency plunging towards a historic low after a shakeup at argentina's ventral bank. -- andprinted a module is a presidential pardon in the cards for the junk-bond king? some of the president's outlines are urging him to pardon michael milken. let's get a check on were stocks are trading with abigail doolittle. what reaction have we seen to the announcement of turface -- tariffs? abigail: we have the three major averages lower. at the lowest, the dow. it was down more than 1%, now down 9/10 of 1%, being dragged down by the industrial and materials names, like caterpillar, boeing, and 3m as others. the s&p and the nasdaq are also lower, and on the week it is a

julia: "what'd you miss?"ow falling nearly 200 points, declining for the eighth straight session. energy and industrial spirit i am julia chatterley. scarlet: i'm scarlet fu. joe: and i am joe weisenthal. if you are tuning in live on twitter, we want to welcome you to our closing bell coverage, every weekday from 4:00 to 5:00 p.m. eastern. inrlet: losses overseas asia and europe. the dow, s&p, and nasdaq all down. julia mentioned the 8th str dow, then for the longest since march. joe: it is long. scarlet: i feel like the reasons why stocks fell today may contend some concerns. you have the daimler warning, and as we get closer to earnings season, maybe we will hear more from companies, the impact from all the noise of the trade discussions. joe: or it may be that companies that are struggling cite trade. scarlet: that is a possibility as well. let's look at individual names here, because intel was a loser, off by 2.4%. the ceo ousted because of an inappropriate workplace relationship. as a result, what you hav

julia: this is bloomberg. ♪ julia: "what'd you miss?" under pressure.eholders want to remove its three directors from the board and one proposal calls chair to be seated to an independent director. ray to have you with us. explain to me why elon musk might want to replace these board members or might want to give up the ceo/chairman role, .plit the roles we talk about tesla all the time. why should elon do it? >> elon probably will not want to remove those directors, and he has probably enough support among shareholders to keep them. it is not really anticipated that they will be voted out. he may want to give up the chairman's job. i don't see it happening, but he might want to because he is a busy guy. he has talked recently about taking a more product-focused role with tesla. he sort of hinted about it, but i don't see much changing out of this shareholders meeting simple because he has the support to it, and he does not really like to be told h to run his company or how to do anything, so i see him kind digging in on it. i think he will have plenty

julia: lies, i am julia chatterley. we're 30 minutes from the trading day. global central-bank action. what didquestion is you miss? >> history in the making or less than six hours away from president trump passes meeting with kim jong-un. more on the high-stakes gamble. trade tensions take a turn for the worse. president trump called the canadian prime minister to sonic -- dishonest and weaken while navarro said there is a special place in hell for justin trudeau. so what happened now -- what happens now? investors watch for s of a steady pickup in inflation tomorrow all before the fed is seen waste -- raising rates on wednesday. julia: a countdown to the historic summit. president trump will be the first sitting u.s. president to meet face-to-face with a north korean leader. the possibility of several decades of hostility, the threat of denuclearization and easing isolation all hang in the balance. joining us now from singapore is bloomberg's chief washington correspondent, kevin. clearly in an incredibly exciting moment to witness. just describe what is t

julia: and i'm julia chatterley.me to bloomberg markets. we are live and bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and from around the world. the groupes a deal, agrees to boost oil production, overcoming opposition from iran. crude is extending its gain. trade talks. president trump threads over twitter to impose 20% tariffs on cars imported from europe, even as some in the white house might be taking steps to avoid a trade -- trade warna with china. and an election in turkey could decide the future of president erdogan. what it means for the region. let's get a check on where u.s. markets are trading with abigail. abigail: we are looking at gains. this is the first update for the dow in -- of day for the doubt dow in a for the while. the s&p 500 is higher as well and the nasdaq has spent most of the session lower, flipping ever so slightly higher now. the bullish boost for the major averages, especially for the dow and the s&p 500 is oil,

julia: i'm julia chatterly.ts." ♪ scarlet: we are at bloomberg world headquarters over the next hour. here are the top stories. apple's ambition, the team takes the stage to layout the softer strategy for the next year. we will bring you highlights as a-shares climb to new highs. $2 billionry paying to distribute the pga tour globally, details on the deal straight from the discovery ceo. donald trump versus the world, the president faces a showdown at the g7 summit this week as the eu and canada one of retaliation. u.s. markets closing in two hours. julie hyman is tracking the moves. apple at a record high. >> nasdaq gaining ground, as the dow has been losing a little bit of ground from highs of the session. technology propelling part of the gains we are looking at today, as we continue momentum from the jobs report on friday. the nasdaq and the nasdaq 100 both potentially poised to close at a record today. they have outpaced gains in s&p and the dow. here is a look at the nasdaq year to date. the number we want

julia: and i'm julia chatterley. we are back with katie koch.have so much we want to discuss with you, but we want to pick up on one of the things you were talking about, artificial intelligence and allowing that to generate rater growth. scarlettied to a story mentioned as well, with booz allen hamilton saying if we do not invest on a federal level, we will fall behind china. one of the big things about tech and even the smaller guys -- what are the players in tech saying about this lacking environment? katie: it is a real risk, because the u.s. has historically been on the cutting edge of all of this and china has a massive advantage with a centrally managed economy. with 5g is connected to ai, they have three stayed on companies that can push the capex to own that space. i think there are worries about china taking the lead over the u.s., and the answer is we have to have better public-private partnerships and be more involved with government as well as the corporate to maintain our technological edge. one thing i will say regionally is we ar

julia: thank you.this is bloomberg. ♪ julie: active versus passive investing, one of the most hotly debated feuds in finance. we are weighing in on the matter. looking at the reduced role of people in markets. >> passive investing is kind of like an automated process come although people have to decide what rules it should follow, passively. i would not say that the index investing is machine. the next step, which is quantitative investing, or algorithmic investing, that is underway. there are firms who are doing it, some doing it well, but it is only a fringe activity. erik: if i am not mistaken, you draw a distinction, you did right there, between index investing, index funds, or etf's, and rules-based investing, some of that could be done in the form of an etf, it might be in some kind of algorithmic strategy, and maybe in the future it could be done by machine learning. there is the station and one is bad and the other is ok, is that right? howard: i do not think it is a matter of good or bad. noth

julia: i'm julia chatterley.rg markets." ♪ scarlet: we're live in bloomberg world headquarters in new york over the next hour. hear the stories we are covering on bloomberg and around the world. a rare request. the u.s. asks opec producers to increase crude output by one million barrels a day. currency check. the looney and pace of getting whips up might reports that president trump is when to talk about nafta talks. u.s. markets close in two hours per julie hyman has been tracking the moves. it looks like the nasdaq is that a new record high. components,of its the big cap names we talk about as having remit -- having momentum, at record highs. like amazon, microsoft. we are seeing wavering in the s&p 500 as well as the dow jones industrial average. yesterday, we highlighted the weakness and dow jones transportation average. we're seeing that today. by some,seen especially proponents of dow theory as a negative sign for the underlying market. appears to be the culprits are airlines, southwest airlines came out an

julia: thank you. take a closer look at how president trump is planning to restrict china and other countries from investing in u.s. tech firms. we are live in washington for the latest. this is bloomberg. ♪ julia: this is "bloomberg markets." julie: trade tensions have been adding to pressure on risk assets, as we have been talking about. let's talk about the source of the trade tensions. joining us is jenny leonard, bloomberg trade reporter. tell us the latest on what bloomberg has learned about the u.s.'s plans to curb chinese investment. >> on friday, we will see that the treasury department is going to announce a framework to curb chinese investment in sectors that china has sought to to expand in its made in china 2025 program, including aerospace, new energy vehicles, this has been in the making for a long time. the u.s. trade representative's started their investigations into chinese intellectual property practices last august, so this is one of the responses that is part of that investigation.

. ♪ julia: live, i am julia chatterley. scarlet: i am scarlet fu p joe: i am joe weisenthal.ulia: the nasdaq is a record .igh meyer jogging manages the market once again. joe: the question is what did you miss? scarlet: the end of an era for the central bank. it is ending the bond program posing extraordinary financial -- in europe. a tear up getting a boost from the fcc. as they are not subject to these roles. central banking for the masses. we speak to a professor who makes the case for giving the general public the option to open personal accounts at the federal reserve. julia: coming to a close after a decade of quantitative easing. the european central bank is ending its bond buying program. ecb president mario draghi said that the euro area economy is moving in a healthy direction. progress towards a sustained adjustment has been substantial so far. the bank opened the possibility of extending for a short of expectations. bring in karo, great to have you with us. you ended qe and that was well telegraphed. managing them -- managing this a lot europe to fall. 1.5% on the

>> oh, i'd love -- >> let's bring back melanie and julia. julia, to you first.was you just one of three tv interviews that tom arnold did yesterday. what is going on here? >> right. so this isn't the first time someone speculated or said they had tapes with the president. so i think it's a lot of speculation and it was interesting because tom arnold tweeted a picture of michael cohen and said, you know, i love new york, suggesting that he was hanging out with michael cohen and michael cohen quickly said, well, i appreciate his kind words. i'm not talking with him or communicating with him or whatever. so very interesting. i think it seems like tom arnold is trying to get in the fray, but there could be something i don't know. >> and, melanie, is there any clearer sense for what michael cohen will do now? >> this has been a long standing question and mystery in washington. but look, cohen is one of the trump's closest confidants, he's an ally, he's his pit bull. this is a guy who knows where the bodies are buried, so to speak. trump has always said there's no way

julia: i'm julia chatterley.loomberg markets." ♪ scarlet: we are live and bloomberg world headquarters in new york over the next hour. here other stories we are covering on the bloomberg and around the world. tesla hitting the brakes. the electric carmaker cutting 9% of jobs as elon musk makes a push for profit. judgment day. the $85 billion question gets answered today when a judge rules on whether at&t can buy time warner. warmer fcc commissioner robert mcdowell weighs in. when trump met kim. the historic singapore summit was all handshakes and smiles but came up short on details. we will look at the path ahead for the u.s. and north korea. markets close in two hours time. julie hyman, the path ahead for stocks is mixed higher. julie: it is. i want to start with one stock. we had breaking news on tesla a while ago. the stock is off its highs on the news that it is going to cut 9% of jobs across the country -- company. the company says it was made from the salary population and no production associates were incl

julia: but can they continue to do that? they can for probably the next year, and then we will be in a difficult environment. but again, part of that is the search for yields. as i was saying, there's a lot of community banks that are amazingly originating whole loans to sell immediately. we're talking private equity, business development, demand for that higher-yielding credit. julie: we just got morgan stanley, that company raising its quarterly dividend to $.30 and $.25. like $4.7k looks billion. so we're getting all these various capital returns. is there going to be any reason they will have to dial this back if things go pear-shaped in the economy? >> doll back the increase, of course. the actual capital returns, i don't think so at this point. i think that is a long way off their number for the most part. i really believe that, whereas in the past i've had concerns with the culture more than the capital. but with the capital, uncomfortable. however, anyone who is investing and inspecting that's expecting the biggest b

julia: stay with us. remember, bloomberg users, you can interact with the chart can see a host of charts we've been talking about of the last couple of hours. the russell 2000 outperforming the s&p. obviously, a bit of weakness yesterday. you saw that we were looking at the relative out performers, the underperformers. from new york, this is bloomberg. ♪ mark: i'm mark crumpton with first word news. president trump says the supreme court decision in favor of his ban on travel from several mostly muslim countries is a great victory of the constitution. during a white house meeting with republican lawmakers, the president also called the high court ruling a tremendous success. >> we just have to know who's coming here. the ruling shows that all of the attacks from the media and the democrat politicians are wrong, and they turned out to be very lookingnd what we are for as republicans, i can tell you, there's strong borders, no crime. mark: the president added that the ruling shows that all the attacks

. ♪ julia: i am julia chatterley. scarlet: i am scarlet fu. joe: and i'm joe weisenthal.ulia: with 30 minutes from the close of trading in the united states. stock adding to weekly gains. joe: the question is "what'd you miss?" scarlet: president trump rocks the boat at the g7 summit. he wants to bring russia back to the table. from one summit to the next, president trump will leave quÉbec early and had to singapore for his meeting with kim jong-un. bringing the alarm on iphone demand. shares of apple and its suppliers falling today on report of a steep drop in orders for new iphone parts. julia: "what'd you miss?" president trump arrived in quÉbec ahead of the g7 summit this afternoon. president macron shared this with trump. that looks quite friendly, intimate. joining us from washington with more is shannon pettypiece. we have the president throwing russia into the mix the prospect of the g7 again becoming the g8. no shortage of contentious issues this time around. thisthink this suggests sticks with the pattern a lot of the allies are feeling where the president is mo

let me start with you, julia, first.f you went to bed early yesterday and then woke up this morning was, we had some sort of piece of paper, a communique, traditionally coming in from the g7 meetings, right, where they all agree on one, two or three different things. we heard that the united states and the president was going to sign on that. then we woke up and found out something else. julia? >> it's been bizarre up to this point. the president was going to sign the communique with jus tun trudeau. but then the president tweeted accusing justin trudeau essentially lying to say he made false statements at the press conference and the canadian prime minister's spokesesman said what he's been saying all along. so it's a very bizarre turn of events to see a sitting u.s. president to accuse the canadian prime minister, one of our closest friends and allies, of lying. so definitely an interesting turn of events. >> sean, i want to get your reaction to that very development. but first, i want to play this short bit of sound h

julia: with about comcast? paul: disney has the ostudiohee out what to do with espn, is it best staying with disneyspin julia: that despite time toders? decide what to do to diversify the business? reason big part of the of doing this d with fox is to get content from the fox television network to put on their direct to consumer offerings disney is launching. they launched espn plus and the are going to launch disney branded content next year. for thosemore content offerings as they go direct to consumer and compete against the netflix's of the world. julia: your view? important they are matching the reverse termination fee. they are also offering to actually make disney good for the breakup of the deal. $1.5 billion, a regutory issues.ion fee for they also agreed to the same veackages and are sports ks andellinthe other assets that regulators deem problematic in this instance. expressedh family has a stng desire to go with disney, and that is what it is going to come down to. withyesterday the decision at&t an

julia: we will try to shift that. some of the trades we have been talking about is the relative safe haven. time for technology stocks and the greatest risk paring today? to sayppose it is safe that maybe the market got a little bit complacent. we also made these observations the last couple of. ey seem be raining. discussed a few minutes ago, the internal price action was much more reminiscent of 2017 when we had the slow grind up with no correlation across s&p 500 stocks. week, we is that last actually ground down in relatively low volatility fashion. the individual stocks seemed to be trading on an idiosyncratic acis rather than a systemic basis. and it is much more of a systemic thing. ultimately, sort of putting up and metaphorical wall, as it were, and say we don't want foreign capital in the market isn't really a good thing. julie: you have a chart of the correlations or the lack thereof. if it is an actual trade war, you have some sort of setting. >> i saw a headline that cte is no longer going to fix one of u

julia: i'm julia chatterley.sh, a snapshot of the business stories in the news today. as itsis going with amex choice to issue cobranded credit cards to small businesses are the deal follows the data sharing agreements both reached earlier this year. it won issue rights for sweeter cards and exclusive rights to issue credit cards settled in worldwide. amex did part ways in 2016 with cobranded biggest partner. the mood at deutsche bank is said to be brightening. a survey showed 57% of staff remained committed to the struggling lender after declining morale. the number of staff is proud to wear their deutsche badges is reportedly stable. employees have been depressed following years of restructuring and three straight annual losses. richard restored and boosted the misses his ear. agreedbuffett hathaway to a deal with lee enterprises to manage its newspapers in 30 markets. in exchange for $5 million annual fee, and a percentage of profits above benchmarks. the change comes months after buffett admitted a shareholde

julia?as we were saying, president trump is meeting with worth korea's warmer spy chief at the white house. it is the highest level official north korean visit to the united states and a most 20 years. we are joined by kevin cirilli, our chief washington correspondent, who is live at the white house. mark was just saying in terms of -- lettersedly's and being delivered a president trump that kim jong-un wants to meet without giving any big concessions. the problem is that would be one heck of a gigantic concession from president trump, and his critics would say that. spoken to my sources you have worked with the white house on this issue, and all of them are concerned about the notion that president trump would alternate and not go for a long-term denuclearization deal. that is the big impetus here for the conversations. at theeting is happening white house as we speak. we are not sure if we will get a readout or comments from president trump, or even a direct image of the president with him

julia: how important is this? how hawkish they want to be seen by the market. that could shape the curve and impact the economy and growth. how hawkish do they want to be perceived as? liz ann: maybe not beyond what is built into expectations. there are a lot of interesting things being done right now. they are looking into the transcripts of not only speeches that have been given but looking at recent fed statements, looking at the press conferences to see references to inflation and the hawkish rhetoric, to the extent you want to quantify it, there is much more hawkish rhetoric that has been coming out of the fed over the last six months or so. financial conditions have tightened in the last couple of months for the first time since the fed began raising interest .ates two and half years ago i think the market is already pricing in an ascension that the fed is leaning to the more hawkish side of things, not to suggest they are going to have a need to tighten more aggressively. then probably three times this year

brent: i'm joined now by julia hahn, standing by in ankara tonight. good evening, julia.is coalition also secured a majority in parliament. can we talk about turkey now being headed by one man? julia: well, this is certainly what many people fear here. they clearly say this is the end of democracy, one young lady told me yesterday that there are already no civil rights here. there is no freedom of opinion, and this is only getting worse under the new political system, so she basically said the only chance i see is leaving the country and going into exile. after we have the final results, by the end of the month, these changes that you just described will kick in. mr. erdogan, just to give you a few examples of the sweeping new powers he will get, he will be able to appoint and fire ministers, he dissolve parliament, he can call for new elections. he will have a significant sway over choosing senior judges, so he will be the center of political power soon, and many observers here are saying there are no signs that he will ease down, , that he willll become ss aggressive, t

julia, scarlet, back to you. julia, -- julia:? most law enforcement officials don't want to separate errands from their children. he told a meeting of the national sheriffs association in new orleans that enforcing immigration laws that result in the separation of children from parents is necessary. >> we had hundreds of thousands of unaccompanied minors, people, children, young people that came and their parents coming through our borders, leading to a resurgence of the violent ms 13 gang, terrorizing high schools. sessions added that we cannot and will not encourage people to bring their children by giving them blanket immunity from our laws. the trump administration is asking the supreme court for an emergency order that would temporarily allow the federal government to withhold law enforcement grants from so-called sanctuary cities and most of the country. the administration issued by a federal judge in chicago was declared to sweeping and should have been limited to that city. chicago contends that the trump administration pl

men the question is how did they just recounted julia carreon? did she live official in life did she lose hope about race relations in the united states or reconstruction or anything likekeru that? >> she saw what reconstruction could have been pretty work for the freedmen's bureau after the war and started saying that the money and compassion was drying up and this feeling of we've done what we can so let's's w me on and she became involved in the suffrage. she was part of group of women who tried to register to vote in dc in 1869 and then became a government worker for patton's office for many years so her political stuff became more suffrage but she livedre her lie in the way she came down here and they maintained relationships with black and white women for the rest of her life. harriet jacobs were mentioned had firstho connected with her worked with in the civil war in alexandria moved out of the area to move back in in 1877 and remained friends for the rest of their life. she was able to live the way that she wanted to, i guess. maybe she n

julia hahn reports. julia: when the ferry docks at the.he passengers disembark, he is there waiting. he is campaigning here for the akp, president erdogan's justice and development party. he is 28 and studied sports management. he has admired the president for as long as he can remember. >> some say that our president is tired. but it is not true. he has so much energy. two young people, that is very young -- to young people, that is very motivating. if he is not tired, we should not be, either. if you love what you do you do not get tired. we love this country, this nation, and we will fight for it. >> we will be saying no to this one man regime on june 24. in the neighboring district -- julia: in the neighboring district, this man is drumming up support. his presidential candidate has been in custody for 19 months on terrorism-related charges. >> it is time for a change. people are being detained for no reason and nobody asks why the 70. -- why this is happening. julia: this 19-year-old is a legal assistant. she cannot remember a time wh

julia: what are your voters clear constituency saying? are they afraid of the headlines they see and the risks, or do they think this is getting it right? economy.nly the the booming economy is going well. there was a lot of ads being posted in my district about the tax cut's. people appreciate the tax cards, blue collar area. from that perspective the economy by get positive response about that. even on a friday night, very visibly, when the question came heardout steel, people all of our aggregate commodities that we export, automatically a lot of questions came up about that. we are talking but other countries and other items but there is concerned. well, in your district as you must be hearing a lot on immigration. you have workers there who are immigrants. >> immigration is always the top issue. these are dreamers that go to school with our kids. some are family members. dealing with the shortage of labor you start shutting down is onlyindustry, that one issue that would be close to that is water. seen we have had devastating crop lo

alix: our thanks to julia leite.oming up, tim dove, ceo of high and international resources, joins us to talk about how he is getting oil out of the permian. we discuss next on "bloomberg: commodities edge." this is bloomberg. ♪ alix: i'm alix steel, this is "bloomberg commodities edge." it is time for the bnef brief, and this week, all eyes were on the world gas conference in d.c. we are joined now by our reporter from washington. the big talk was the iaea report. that china's gas demand will soar 35% in the next five years. was that your impression that it was transferred fuel or permanent fuel? anastacia: the question is is there really a future for gas long-term over the next 50 years or so in the energy industry? alix: any answer? anastacia: this is the gas conference, so the answer is there has to be a role for gas. they are looking at making gas cleaner so it is sustainable for a low carbon future. they are looking at other sectors, such as transportation. there is a lot of innovation going on as to how to get

your thoughts, julia, is this what it all comes down to here? >> right. so we'll have to see, but i think what's important to look at is the people that the president has surrounded himself with on the issue. this isn't the first time the president has appeared to flip-flop on the issue. he, in the past, has appeared to express some sort of compassion for immigrants crossing the border. however, he has surrounded himself with immigration hard liners such as steven miller in the white house and i think those harsh liners represent some of the views of trump's base that will most likely come out in the 2018 midterms. so we'll really have to see. the president signals at first, you know, saying i would support both bills on the centrist and the more hard liner bill. however, its could be more politically feasible for the president to support the more hard liner bill. however, you know, this claim that it's the democrats' fault that this hasn't -- we're stalled here, it's his claim that it's the democrats' fault for this policy doesn't make sense. this was th

julia: think -- great to have you with us. what'd you miss? and crime, seeing caracas.tate boom in food shortages and crime, seeing a real estate boom in caracas. >> this is what is happening in venezuela right now. there are so many reach people -- rich people who can't take their money out so they are turning to real estate investments to protect their assets and they are losing value b thy the day. it is a surprising situation in venezuela. see a lot of social divisions. andwalk down the streets cvs hightower's all over the place. se hightower's all over the place. joe: is the problem that they won't be producing cash flow? cycle, will they endure some sort of real value at some point where there is a rebound? people investing venezuela think all of their investments will have value again. now, they don't actually care who is going to buy them or rent them. there are so many people investing their. -- investing there. there are theories that there is money laundering going on. the question is who has links with the government, who can get t

julia, good luck to you.ead wherever you go. >> thank you. >> a look at what happens to hundreds of families who have already been separated. we're going to go live to texas when we come back. >>> as we reported earlier this evening, an official from hhs told nbc news they haven't received orders on how to carry out the new executive order. they add there are new current plans to reunite the almost 2300 children already separated from their parents in custody. also in the last 24 hours we've gotten our first glimpse of these instantly branded by the president's critics as khaki miniature trump towers. they are tents housing detainees along the texas border. with us tonight from there from mcallen texas, gabe gutierrez. we've been watching you for days working double and triple shifts. m told you on the "today" show in seven hours. thank you for staying with us tonight. you can confirm what we're reporting, that there is no mechanism to review night the families. we ask because we found out there's over 200 ki

and when james character impersonating julia roberts.nd whenjames gordon said i wonder whether they were going to refer to him as james gordon, once we get back to that we get back to the movie, it's fun. i enjoyed it, i smiled, i laughed more than i thought i was going to, i was never bored and i went in with a theory of the alert expectations thinking as this series run it scores? and is not a waste of all that talent? there are some genuinely fantastic people in this. i love kate blanchett and sandra bullock is great. and that was enough. it's a really, really good cast and it's like one of those variety spectacular movies anyway which wherever yoo is a famous person. i enjoyed it. you know how grumpy i can be. i thought it was fun. i think you would like to. i read a thing that the too many cameos. that did not bother you ? thing that the too many cameos. that did not bother you? know he did not. i fell generally well disposed towards it and i smiled all the way through except when james towards it and i smiled all the way through ex

. ♪ julia: live, i'm julia chatterley. scarlet: i'm scarlet two. joe: i am joe weisenthal.ulia: the nasdaq trading at record highs. , atstors woke say on data least for now. joe: the question is what did you miss? >> president trump has to pay -- for a showdown at the upcoming g-7 summit. apple is more than just an iphone maker. they announced changes at the worldwide developers conference. arianna huffington attended the conference and joins us on this hour. the labor market could be too hot. -- how did they do with the data? seemed unfazed by retaliation for global trade partners. this morningmp taking aim at cultural experts on twitter here and they have not been doing well for 15 years. mess the's candidate, china, and others say they treated them unfairly. that will change. trade against u.s. bonds and other businesses will finally be broken. this comes ahead of president trump's meeting with other g-7 members this week. leading the u.s. economic policy coverage. great to have you with us. once it only imagine what kinds of comments you will get from the other g cyclic

also joining me from washington, julia ainsley, nbc's national security and justice reporter. jacob, you are down there. you've seen it. give us a fact check on the president. >> reporter: it's not true, katy. it's not true that this is a democrat policy. it is not true that this is unusual to -- not unusual, rather, as the attorney general said. and it is not true that this is anybody else's responsibility other than the president of the united states. this is a policy that was put into place by the white house. it is the policy that has made what's going on in the building behind me, the epicenter of family separation in the united states possible. over 1,100 children since april have been separated from their parents in this building and throughout this sector here, the rio grande valley sector of the border patrol. yesterday we went in there for the first time since this policy was announced. journalists were allowed in. as you said, cameras were not allowed in. everything we were told wasn't going on in there is going on. there are children sleeping in cages alongside oth

people are saying julia if the reaction that we get from politicians during this two day summit fails shane and then fail so the zone of free movement in effect disintegrates there also then saying there's a domino effect in the entire e.u. fails is it that bad particularly if you overlay that with the quotes political crisis that's facing angela merkel. potentially it is but in actual fact second is already suspended i mean that's one of the things about the e.u. we keep talking about things that could happen that are actually already happening . suspended between one member states right now the italian border with france effectively c.-o. this is the border with austrian that's why people are trapped in a city and that's why the resentment is building up in it. so i think the approach from for a pragmatist like chance and right now is to go beyond to the rhetoric and the grandstanding and the grand statements about the future of europe and its basis and radio work of practical solutions so that we can actually enjoy it in europe and bilateral tried out for agreements that once that

julia: i think so. central bank transparency is a good thing and the fed also reduced the degree of promises it is making on interest-rate policy and stripped away forward guidance in the policy statement yesterday. i think the press conferences every meeting remove constraints and they can make any decision at any time and it gives them more flexibility. at the same time of transparency, there is less walking in of a predetermined rate path, and they are removing some constraints put in place in prices. vonnie: what about constraints -- sorry, caroline. caroline: sorry, can strengths we are starting to see being used in the ecb, but do you make of the fact we could see some sort of sign of normalization from the ecb, perhaps not as quickly as expected on the rate hike path? julia: the market reaction is interesting to the announcement. i think it was on the hawkish side of what most observers expected in the sense they announced the tapering and end and that rate hikes are coming. in the not to distant

julia, good luck to you.ead wherever you go. >> thank you. >> a look at what happens to hundreds of families who have already been separated. we're going to go live to texas when we come back. so, what's new? we just switched to geico and got more. more? they've been saving folks money for over 75 years. a company you can trust. geico even helped us with homeowners insurance. more sounds great. gotta love more... right, honey? yeah! geico. expect great savings and a whole lot more. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. ♪ crawl inside, wait by the light of the moon. ♪ applebee's to go. order online and get 20% off $20. now that's eatin' good in the neighborhood. >>> as we reported earlier this evening, an official from hhs told nbc news they haven't received orders on how to carry out the new execut

and julia ainsley covers dhs, covers hhs, covers the doj. julia, i want to play for you first what the president said a little bit earlier today when he was talking to that small business council, how he was characterizing what's happening at the border. >> they come up through mexico. mexico does nothing for us. you hear it here. they do nothing for us. they could stop it. they have very, very strong laws. try staying in mexico for a couple of days, see how long that lasts. okay? those who apply for asylum legally at ports of entry are not prosecuted. the fake news media back there doesn't talk about that. they're fake. they are helping -- they are helping these smugglers and these traffickers like nobody would believe. >> notice the clapping? notice the cheering? now listen to this. the kids inside those detention facilities. >> okay, julia. the president ran on this. they have been talking about implementing this for a little while, according to the reporting and then finally, they pulled the trigger. you look at john kelly talking to cnn

julia boorstin following the trial from l.a. julia?: district court judge promised a ruling tuesday at 4:00 p.m. on the department of justice's suit to block at&t's acquisition of time warner. this follows six week trial an another six weeks of the judge's deliberation. analysts greg move fet saying that wall street says that at&t has an 80% chance of winning, though the outcome is still more of a coin flip and a lot says on what the judge says in the nuance of the verdict. if at&t wins with no conditions, that's a huge relief to take a and time warner ahead of their june 21st deadline to complete the deal. a win would prompt comcast to make its formal offer for fox's assets and it could kick off further consolidation in the media space. with an at&t win, also comes the possibility of a doj appeal and we'll have to see her a judge grants a stay to prevent the merger from going forward. that could cripple the company's commitment to the deal. a ruling against the merger would not only kill the $85 billion deal, it would also cast a paul

julia, i want to ask you about this. aside from the trump administration challenging the latest court order on how long these families can she in custody, the democrats are ramping up their calls to abolish i.c.e. what does this suggest to you about their strategy here? >> right. so this really suggests the strategy to me, ahead of the midterms, we saw that alexandria cossio cortez was one of the main candidates who brought this up, but we're seeing this in the house, as well. and i think this is the democrats way of trying to make traction on the issue of immigration prior to the midterms because we saw the congress left for recess yedz witho yesterday without making any progress on this issue. and the white house has been pushing this strategy of saying, we're going to leave this up to congress. this is congress's -- you know, their job, they need to do this. and i think democrats are saying, okay, here is something we can do. it's definitely a bit divisive at this point because i don't know that a lot of republicans a