from new york, this is bloomberg. ♪ ♪ julia: this is bloomberg markets, i'm julia chatterley. let: and i'm scarlet fu. julia: a busy week. we heard from cleveland fed rate ist, who said the not being raised to slow down the economy, and bollard says he scenes -- sees no reason -- bullard says he sees no reason to raise rates again this year. we asked they've driven sign for his take on the economy and the fed. david: the u.s. economy is slowing a little bit. it is not going white rate people -- quite at the rate people with ink it was at six months ago. they expected the economy to grow 2.5% this year, and they are softening that a bit this year. the fed will go on with its planned increase in interest rates if the economy is relatively good, but not as strong as it would like. there is some uncertainty going to the tax legislation and when it will go through. >> do you think it will go through? david: something a happen but i do not think it will happen this year. i think it will drag into next year before it actually happens, and i think that has low down the market. i think

i'm julia chatterley. >> welcome to bloomberg markets. julia: we are live at bloomberg world headquarters in new york over the next hour, here are the top stories we are covering on the bloomberg and around the world. in markets, amazon is adding a sending but it is shockwaves through the supermarket industry. they acquired whole foods for 30 as a-- $13.7 billion, shakeup occurs in the supermarket market. what this deal will mean for the industry? in politics, president donald trump is rolling back u.s. relationship with cuba by announcing a ban on jus -- deals with the cuban military. and staying with politics, the russia probe is headed for the white house. president trump lashed out at deputy attorney general rod rosenstein as he is knowledge for the first time that he is a focus of the investigation. and u.s. markets close in two hours. let's check on where stocks are not with julie hyman today, but abigail doolittle. abigail: it is a friday, and we do not have a lot happening for the major averages. that is typical for fridays in the

. ♪ ♪ julia: this is bloomberg markets, i'm julia chatterley. julie: and i'm julie hyman. it's time for a look at the business flash. 's home goes for about $1 billion. brand goes for about $1 billion. this is one of the biggest ituisitions in 2014, and will be followed by a potential $100 million. amazon will start selling nike shoes direct way through their new brand register program. this gives nike a greater poll over county fit -- paul -- pull over counterfeit merchandise. are 2000 brand products currently registered with amazon. airbus story is going for twice as much of -- as their -- as boeing is going for twice as much as their french rivals. as $52 billion was a boost for the bond for the max 10. they posted a tally of 229 airliners, valued at around $25 billion. that is your business flash update. i want to get a quick check of what is going on in the markets at the moment. we have seen stocks turn mixed after a bit of a stronger showing earlier in the day. a lot of the reason why? oil prices, which earlier spiked higher, following this morning's inventory repor

. ♪ julia: this is bloomberg markets, i'm julia chatterley. scarlet: and i am scarlet fu. lia: the trump administration preparing to make a decision on steel tariffs. abigail? abigail: we are looking at a nice rally for u.s. steel stocks this week. all of these are trading higher by about 7% on the week for steel dynamics, the best since april, at of the expectation or hope that the trumpet ministration will release the results -- trump administration will release the results of a steel tariff on security concerns, but it seems unlikely they will meet that deadline. fact thatd at the deadline is going to come and go suggests there is a big divide within the white house. we also have this big rally here for the steel stocks on axial reporting that president trump is determined to him -- imposter a 20% steel imports tariff. the u.s. is a net importer of steel, and this data comes from bloomberg's jo jo, and it shows the largest u.s. importer is canada, followed by south korea. we have some strength here in terms of the importing activity. that is the rest of the world. china

i'm julia chatterley. scarlet: and i'm scarlet fu.n corporate news american airlines today announcing qatar airways wants to buy a 10% stake. now, just this hour, in a letter to employees, american airlines c.e.o. doug parker said, quote, we aren't particularly excited about qatar's outreach. we find it puzzling given our extremely public stance on the illegal subsidies that qatar, emirates have all received over the years from their governments. bloomberg's mike stasso from atlanta. puzzling one way to put it because of the arguments that the persian gulf airliners have received unfair advantages. but also because the president just weeks ago had accused qatar of funding terrorism. mike: yeah. it's kind of puzzling all around. although recently some of the state department have called into question some of the moves by the other gulf nations including saudi arabia and united arab emirates asking them to explain why they have this embargo. so the state department at least has backed off a little bit. but yes. it is puzzling. because t

julia: i'm julia chatterley.e for the biggest business stories in the news right now. technology companies are refuting prime minister theresa may's claims that they provide a safe haven for terrorists. facebook says they want to be a hostile environment for terrorists. google says it has invested several million pounds to fighting them on the platform. there are calls for greater internet regulations following this weekend's london terrorist attack a billionaire hedge fund manager is not as bullish on president trump as he once was. linkedin post, he says that the more he sees trouble moving towards conflict instead of -- trump moving towards conflict of -- he sees at harming his presidency. according to "the washington post," students at harvard created a private messaging group that mocked the death of children in the holocaust. the school says it is not comment on the application admission process. scarlet: still ahead, the commodities close. , bahrain, anduae egypt seven to monetize with qatar -- severed dip

from new york, this is bloomberg. ♪ julia: this is bloomberg market, i am julia chatterley. ook on some notable numbers right now with julia. >> we are focusing on retail with this consumer discretion. sean evers here -- shares he are up 12.5% after the company reported they beat estimates after sales declined less than estimated. lululemon is also scaling back on its line for girls, closing some of the stores to keep the business online. on the flipside side, we have restoration hardware. that company cut forecasts given two months ago, calling on one analyst to say that the --panies desk the's y's think -- companies in question. -- this is the second-best performing group in the s&p 500 this year. then we have consumer confidence in blue and consumer spending in yellow, both of those have taken a turn down. an interestingr basis of the past few months with consumer discretionary stocks continuing to go up as other things have been trending lower. that's turn from discretionary to stable to talk about what we will be eating this weekend, perhaps pinnacle foods and conagra br

julia: this is "bloomberg markets, i'm julia chatterley. commodities markets are closing in new york and we are going to start with oil trading higher after plunging last week, trading back above $46 per barrel after saudi arabia said that they saw the supply glut easing over the next few months. you can see that higher by some 6/10 of 1%. now let me give you a look at the chart behind me. the u.s. oil fund, the biggest exchange traded fund food prices with nearly $270 million last week. you can see that over there on the right of your screen, circled in yellow. a stark contrast to the nearly four cents drop in wti. first --lowing for the fourth straight day, trading at its lowest price in almost two weeks, with silver falling to $17 ounce, all ahead of this week's fed meeting. scarlet? to anticipate there. let's turn to the rally in u.s. steelmakers. u.s. steel dynamics soaring over the past few days of next that trump is about to step up measures to block cheap imports. joining us with the latest, joe. joe, president trump saying that the

i'm julia chatterley. scarlet: i'm scarlet fu. et's head to julie hyman and today sectors by the report. talking earlier -- this went to supporting the overall markets today, we have the financials like spider etf moving up, i'm showing the today chart because it has been a considerable move over two days, up over 2.4% and it is a spread out move on different types of financials and different types of banks. a lot of regional banks doing likeand some trading firms e*trade and big banks as well, jpmorgan and like doing well also. it seems to have to do with what is going on in the rates market. at the top, we're looking at the the 10 year yield has been trending lower but over the past couple of days, there has been an uptick. it appears that is what is helping the financials. pretty consistent at about .6. the movement upward we have seen in the financials today means that it is above the 50 day moving average. essentially means there is a momentum breakout above the recent trend. it's notointed out, the most heavily weighted, but

. ♪ ♪ julia: this is bloomberg markets, i'm julia chatterley. scarlet: and i'm scarlet fu. a: let the focus on puerto rico. this move pushes the island's main power utility closest to a potential bankruptcy. joining is now as an advisor to one of the largest bond insurers involved in puerto rico's debt crisis, the head of restructuring and special situations group at tgt partners . thank you for coming on the show. >> thank you for having me. >> why dijulia: why did you deco address these issues? >> this is the law that sets up the control board, and the law was specifically designed to allow one entity to be considered a pre-existing deal. was deal, control board supposed to have no ability to deal with it. the only thing they had to check was whether the debt matched, the debt they certified matched with the deal that was in existence. that deal was struck in 2015. it has been approved by the new governor, old governor, legislature, everybody, and they suddenly came in without a lot of analysis and decided no, we will not certify it, we think you need to go into a title ii

i'm julia chatterley. scarlet: i am scarlet fu. welcome to "bloomberg markets." e live in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on bloomberg and around the world. in politics, tax reform and health care on the agenda at the white house. president trump is moments away from meeting with house and senate leadership to discuss the next step of the legislation. staying with politics, the future of leadership on climate change is at stake. california governor jerry brown tells bloomberg that the country's role has been released because of the president's decision. and south africa is falling into its second recession in eight years. what it means for emerging markets coming up. we are one hour from the close of trading let's check on markets with julie hyman. mixed bag? joe: it is turning -- julie: it is turning to the next. not much lower, not much changed. nasdaq could be touching a record. i will have to update you. not seeing a lot of range. the trend today has been risk-off. generally it has been more

dealing with the aftermath♪ julia: live from bloomberg's world headquarters in new york, i am julia chatterleyscarlet: i'm scarlet fu. joe: and i'm joe weisenthal. we're 30 minutes from the close of trading. julia: we have the countdown to the july 4 holiday. joe: but the question is "what'd you miss?" scarlet: republicans struggled to find support for their helpful. meanwhile, president trump gearing up for meeting with chinese president xi jumping -- inping next week. back, buttheir jobs what happens when wall street sees declines across the board? at the dows look major averages. the final close of the first of of the year. abigail doolittle is standing by. >> thanks so much. let's break it down in a number of ways. on the day, we're seeing gains on the major averages, be dow, s&p, and nasdaq or higher, as well as the dow jones transport, boosted by the likes of avis, fedex, plus some of the airlines. the nasdaq,ing that full of the tech companies, is utarting to eat out -- eke o -- the worst performance for the tech heavy nasdaq since last week. the mysterious tech selloff continues. not a

. ♪ julia: live from bloomberg world headquarters in new york, i'm julia chatterley. arlet: i'm scarlet fu. joe: we are 30 minutes from the close of trading in the u.s.. julia: u.s. stocks fluctuating near records. joe: the question is, what did you miss? scarlet: executives announce a number of upgrades and overhauls including a new smart home speaker. called the home pod. the highlights coming up. a crucial week for president trump. rolling outuse is its infrastructure plan, but all eyes will be on former fbi director james comey and his testimony on thursday. we set up the week in politics. for arab nations cut rolling out its diplomatic and tha economic ties with qatar. we will dig into whatsit stake with the sovereign fund and countries that look to it for funding. great show coming up. it lets get a look at where the major averages stand as we head towards the close. abigail doolittle is standing by. abigail: we are looking at very small declines for the averages heading to the close. nasdaq, s&p 500, and down fractionally. these losses might be very small but we

i'm julia chatterley. scarlet: i'm scarlet fu. i'm joe weisenthal.are tuning mliv on in live on tuning twitter, we want to welcome you. tohing the s&p and nasdaq close up in green. without finishing there, nasdaq of one half of 1% rate if you look at it on a weekly basis, the week higher for the fifth straight week. pretty impressive in light of the news we seen, the oil selloffs. scarlet: hard to remember. let's get into the different sector moves. thee modest moves in indexes really don't show what's been happening beneath the surface. here we have the s&p 500 split up into 2 groups. growth year sectors leading the gains once again. this is within biotech, within health care. you have the tech hardware group, health care equipment. what oliver renick was telling us earlier is it's not so much a rotation out of energy into tech, it's a rotation out of energy and tech into some of the growthier parts of health care, and coming out of the growthier parts of tech. on the downside, we can't ignore energy stocks down by almost 3% as crude oil entered a b

i am julia chatterley. scarlet: i'm scarlet fu. lia: let's get to washington, where attorney general jeff sessions will testify before the senate intelligence committee. lawmakers are expected to ask about his role in the firing of james comey and the russia investigation. meanwhile, in a bloomberg exclusive, we have learned that the russian hacking of the 2016 u.s. election was far more widespread than previously reported. from our d.c. bureau, a cybersecurity reporter from bloomberg news. joining us from capitol hill is chief washington correspondent kevin cirilli. and tim o'brien, executive editor of bloomberg view. you to spellwant it out for us. what are we expecting in terms of fresh information today from jeff sessions? live outside i'm the senate intelligence committee hearing, where lawmakers will begin to be filing into the room behind me. of course, attorney general jeff sessions will be testifying. what i am told a secret faced significant questions on whether or not he had undisclosed meetings with russian officials, ,a

julia: i am julia chatterley. elcome to "bloomberg markets."let: we're live in bloomberg world headquarters. in politics, changes in the air in washington. president trump unveiling his proposal to spin off the air traffic control system to a nonprofit, as part of his weeklong push for his infrastructure plan. jpmorgan ceo jamie dimon is optimistic about the president's economic agenda. he told bloomberg exclusively why he is hopefully even though he disagrees with the white house stance on trade. updates are coming to the apple watch and apple tv at its annual worldwide developers conference, with much more still to come. let's get a check and where stocks are moving with julie hyman.

from new york, this is bloomberg. ♪ ♪ scarlet: -- julia: this is bloomberg markets, i am julia chatterleyet. scarlet: and i am scarlet fu. julia: today is the 10th anniversary of the iphone. our emily chang takes a look back. on june 29, 2007, consumers got their hands on the very first iphone. now, a decade later, the smartphone has proven to be the undisputed king of apple products, and in turn revolutionize a -- revolutionized an entire and the iphone also opened doors into what has become a large chunk of the company's revenue -- apps. these sales have generated roughly $1 billion in gross revenue for apple, which more than 15 million developers producing them worldwide. the launch of the iphone did not just change the way the people work and socialize, it changed the company itself. apple grew by every dimension, with a staff of 18 thousand pre-iphone -- 18,000 pre-iphone to 116,000 in 2016. and sales went to over 215 billion one decade later -- $215 billion one decade later. since the launch, apple has sold about 1.3 billion iphones, generating a large amount of revenue. items out o

julia: and i'm julia chatterley. berg markets. ♪ julia: julie: live -- julia: we are live in new york over the next hour, but here are the top stories we are covering from bloomberg and around the world. marked thetors attempt to move into emerging markets. mark mobius joy this ahead to discuss. in commodities, taking a nosedive in the last hour and seems to be climbing. stockpiles -- u.s. stockpiles are not enough to release concerns oversupply. and investors causing a shakeup at uber. the ceo stepped down from the company he helped found after a series of scandals. and the tale of two halves

julia: and i am julia chatterley.berg markets." ♪ scarlet: we are live in bloomberg world that quarters in new york over the next hour. here are the top stories we're covering from around the world and on the bloomberg. attorney general jeff sessions facing senators this hour in highly-anticipated testimony. he will be grilled by the senate intelligence committee on his role in the firing of fbi director james comey as well as his own contacts with russian officials. the scope of russia's intervention in u.s. elections more widespread than previously known. russian hackers hit voting systems in a total of 39 states, as first reported by bloomberg. in corporate news, shakeup at uber amid a slew of workplace scandals. is planningalanick to take a leave of absence wi

i'm julia chatterley. >> welcome to bloomberg markets. e are live at bloomberg world headquarters in new york over the next hour, here are the top stories we are covering on the bloomberg and around the world. in markets, amazon is adding a sending but it is shockwaves through the supermarket industry. they acquired whole foods for 30 as a-- $13.7 billion, shakeup occurs in the supermarket market. what this deal will mean for the industry? in politics, president donald trump is rolling back u.s.

i'm scarlet fu with julia chatterley.bloomberg markets. ♪ scarlet: we are live at bloomberg world headquarters in new york over the next hour, here are the top stories we are covering from around the world and on the bloomberg. the tech sector force is a lot across major indexes today. dow andextending to the the s&p with equities holding near their session lows. same with markets, deals are fighting for attention amidst a selloff, walgreens scrapping its takeover bid from rite aid, looking to grab a of the store count instead. and will blue apron land a good public debut? the appeal price was cut more than a third. -- ipo price was cut by more than a third. julie, so much word about the tech selloff. >> it is resuming in today's session. we have the nasdaq

let's see how investors are digesting the news with a look at the markets here's julia chatterley.e: thanks so much, nejra. we are watching some of the hospital stocks in particular here. this is an index of health care facilities and hospitals. the h.c.a., excuse me, not the some .a., lifepoint and of the various health care chains and some of them with exposure to geographically areas that have a lot of medicaid patients. if those patients had lost their coverage, that would then put the onus on the hospitals. because if someone comes through the door and needs coverage, the hospitals ethically are required to cover them. and so these are seeing a spike here as this latest version of the bill on the senate side does show perhaps a slower winddown of medicaid expansion. so you see here this group is up by 2.8% and many of the vivid components also spiked

. >> i am julia chatterley.rkets. ♪ >> live in new york over the next hour, here are the top stories from around the world and on the bloomberg. president donald trump expected to announce his decision to withdraw the u.s. from the landmark paris accord in just one hour, the exit could bring uncertainty for the global efforts to fight climate change. if you look at markets, and agreement to the easing uncertainty. a ceo told bloomberg what he thinks that opec's decision to extend supply cuts brought stability to global oil markets. june 8 is when the fire fbi director james comey will testify on whether the president or his associates had improper contact with russia. u.s. markets close in two hours and new records are insight

. ♪ -- e: scarlet: i'm scarlet fu julia: i'm julia chatterley. welcome to bloomberg markets. and bloomberg world headquarters in new york over the next hour. here are the top stories we're covering from around the world on the bloomberg. we begin with politics, and hold out on the hill could send the republicans plan to replace obamacare out. mitch mcconnell is hoping to sway members of his own party to garner a final vote next week. staying with politics, another twist in president donald trump's feud with president -- with fbi director james comey. claiming there -- there are claims that coming may have changed his story on their communication. and russia is rebalancing its dock index. this could heal a major jump in around the close. we will be talking with mark makepeace about the market structure and its business. u.

vonnie: and our thanks go to julia chatterley for that breaking news.reaking news, blue apron has opened and is trading, climbing after going public at $10. now it is holding up 5.9% at $10.58, so a perfect result for blue apron. was slashed by several dollars originally, initially going public at $17, and slashed between $10 and $11. mark: the new start up campus station has opened today in the heart of the city, and its goal hotspot for the new incubators and venture capital forms -- firms in europe. -- let's go to paris, where we are standing by with the man behind the effort. today is the big opening of station s, which is aims to become the world's largest start up, and i am joined by the man who actually formed this startup. you are a businessman, you founded a telecom company, now this. what is your vision here? do you want paris to go ahead of silicon valley? >> i hope to go ahead of silicon beley, but we used to france's biggest -- in the world, and bloomberg is hearing it first. create -- this can hold our country together to -- in the biggest

julia: i'm julia chatterley. welcome to bloomberg markets.e live in bloomberg world headquarters in new york. over the next hour the top stories we're covering on the bloomberg and from around the world. in politics, the senate republican proposal to replace obamacare causing fireworks on capitol hill. senator rand paul says he and three other republican senators oppose the bill as written. putting pass ng jeopardy. in markets, the health care bill in washington is sending hospital and pharmaceutical shares higher. we break down the impact. top companies in the industry coming up. and corporate news, controversy in the skies, american airlines announcing that qatar airways is interested in a 10% stake but telling employees he sees the outreach puzzling. all right. we have breaking news, banco amerco's decision on

. >> and i'm julia chatterley.rg markets." ♪ scarlet: we are live in world headquarters in new york over the next hour. here other stories we're covering on the alert. politics, tech week overshadowed by the drama around the russia probe. his lawyer claims he is not under investigation, contradicting the trump claims that the probe is a witchhunt. of leaving's test the brexit gens. she is being pressured to soften her stance today. across markets, blue apron, grand public debut. aiming for a market value of as much as $3.2 billion in the initial public offering, which could make it one of the top 10 ipos of the year. let's get

julia: i'm julia chatterley, welcome to bloomberg markets.onne: -- atrlet: live in new york bloomberg world headquarters overnight hour. breaking news the last hour, the opening remarks from fired at the our director james comey have been released ahead of tomorrow's hearing. we will break it all down for you in a few minutes. moving to market, pimco director dan ivascyn the u.s.- ways in at struggling to compete against i like exxon. julia? julia: let's get to the latest remarks from fbi director james comey.

i'm julia chatterley. commodity markets are closing in new york.gin with a bit of sparkle, gold. futures declining in a choppy trading session. gold closing below its 100 day moving average for the second straight day. as the dollar gains and officials repeat their arguments that monetary tightening despite concerns on inflation -- crude once again under pressure, down more than 2% on oversupply concerns. hitting its lowest level since august. investors will be keeping a close eye on the u.s. inventory numbers. there did mara 10:30 a.m. eastern. they are up by some 2%. -- they are due tomorrow at 2:30 a.m. eastern. -- they are due tomorrow at 10:30 a.m. eastern. they are up by some 2%. scarlet: perfect set up. wti slipping to a seven-month low on persistent signs the global oil glut is not going away. makingt cuts seem to be little progress -- goldman sachs' jeff curry spoke with alix steel. >> we think about the big three drivers in the oil market. demand from opec supply and shale. demand is ok. when you look at supply, that's the primary driver

. >> live from bloomberg's world headquarters in new york, im julia chatterley. scarlett: i am scarlet fu. joe: i am joe weisenthal. we are 30 minutes from the close of trading here in the u.s.. what did you miss? revised bill. mitch mcconnell faces what is shaping up to be one of the yet as support for his health care measure weightings and the cbo releases a score today. es and the cbo releases a score today. our interview with board members later this hour. take a look at where the major averages a stand as we head toward the close. abigail doolittle is standing by. abigail: very small moves. dow and s&p trading modestly, slightly higher. nasdaq down nearly .2%. that doesn't really tell the story though. all three averages had been a .5% or more. the nasdaq is now down more than 5%, a one percent swing. we have intraday volatility. i reached out to people on the street. no one really knows what it's going on. sometimes, that volatility could be noise. we have intraday volatility. relative to the nasdaq, one drag we reported on earlier could be bitcoins, down 1

i am julia chatterley. scarlet: i am scarlet fu. joe: i am joe weisenthal.you are tuning in live to twitter, we want to welcome you to our closing bell coverage. scarlet: we begin with market minutes. the dow and s&p retreating, pulling back from record highs made yesterday. offaq, the lead reporter, to the downside 0.8 percent. alas is intensifying its trading came to a close, with indexes finishing at session lows. in terms of industry groups, we have been talking about the drop off in oil prices 10 minutes ago. energy stocks among the big decliners, off by 1.2%. four industry groups losing more than 1%. a sizable move after a period where many did not move much. joe: especially around securities. scarlet: discretionary contains retailers. amazon announces it will enter the subscription business with retail apparel. that is of concern to retailers. rig off of individual, by the most -- the lowest since almost 1995. the drop today, 2.4% in tandem with falling oil prices. at the lowest level since 1995. comcast has its worst day since february of 2016. craig

julia: live from bloomberg headquarters in new york, im julia chatterley. scarlett: i am scarlet fu. joe: i am joe weisenthal. first news, what did you miss? : tech stocks getting slammed on heavy volume. have we seen the top in big cap tech shares? learning to expect the unexpected. u.k. election results leave investors with few clues on how the pound will trade in the near term. . deadly drug epidemic the fda is taking its first steps to address the opioid problem. what this means for drugmakers, coming up. julia: welcome once again. where the a look at major averages stand as we head toward the close. abigail doolittle is standing by. abigail: after several days of not really having big moves, today we have very big moves and lots to talk about. first, the nasdaq down in a big way. all of these averages had intraday highs. dow on track for a record close, but the nasdaq down sharply, on pace for the worst day since the record of last year. the turn lower started around noon, and it appears there is a momentum shift out of tech into financials. we will be

i am julia chatterley. take a deep dive into the bloomberg, you can find it using the function at the bottom of our screen. this chart might look familiar. last week we were talking about the spread between portugal and italy. if you look at the spread between italy and germany, investors not that cautious on this one. foraw a relative tightening the push for italy. before, i showed you the tenure. this is the 30 year -- why? italy will be issuing thirty-year debt. making use of a low bond yields. italy coming to the market, expected to offer around 3.5%. since late highest 2014, just to point that out. when we have seen in the 10 year, this charter showing you italy's spread. at the same going on in the 30 year. spread tightening, relative to italy. we have italy in terms of the market this week, they have orders for 22 billion euros. the question is price and the timing, why now? do we get an election in the autumn? are they trying to make use of a window they have now? interesting to see the demand we ar

i am julia chatterley. scarlet: i am scarlet fu. joe: and i am joe weisenthal.e tuning and live on twitter, we want to welcome you. we begin with market minutes. we talked about how technology led the way down. by 1.4%,ch is up gaining more than the dow and s&p. this, the nasdaq has erased its monthly loss, the eighth straight month of gains. it would be the longest streak since september of 1995. joe: wow, that is impressive. it is all about the tech stocks. scarlet: it is. i am looking at industry groups and how they performed today. tech is certainly up there. not doing as well as financials, which we will get to and a moments. we will get part two of the stress test results in 30 minutes. utilities and bond proxies, faring badly. utilities down 1%. real estate investment showed little change. continuing to move the needle. whether it is growth or value, both sectors represent those different investing styles. citigroup,rica, jpmorgan all gaining by better than 1.5%. we are going to break the headlines for you on the banks' at 4:30.st results citigroup has a

let's see how investors are digesting the news with a look at the markets here's julia chatterley. julie. julie: thanks so much, nejra. we are watching some of the hospital stocks in particular here. this is an index of health care facilities and hospitals. the h.c.a., excuse me, not the some .a., lifepoint and of the various health care chains and some of them with exposure to geographically areas that have a lot of medicaid patients. if those patients had lost their coverage, that would then put the onus on the hospitals. because if someone comes through the door and needs coverage, the hospitals ethically are required to cover them. and so these are seeing a spike here as this latest version of the bill on the senate side does show perhaps a slower winddown of medicaid expansion. so you see here this group is up by 2.8% and many of the vivid components also spiked on this latest version of the bill. the other group that we are seeing have the biggest reaction is perhaps the medicaid exposed insurers. so we're seeing here molina is up by 2.4%. centin, wellcare, a couple of other

julia: i'm julia chatterley. this is bloomberg markets.e of that announcement from donald trump and, of course, its impact. 'sining us now is bloomberg chief washington correspondent at the white house. in new york, erik paulsen, who had the cover story. kevin, i'm going to start with you. we were just talking earlier that this is about something much bigger than climate change. this is about the united state'' role in the world and leadership in technology and all aspects of advancement here. >> i'm here at the rose garden. we are waiting for president trump to come out and announce that he's not going to support the paris accord agreement. i can tell you that there is heavy scrutiny from the business community for the president to stay in. musk, who says he has threatened to leave the business council advising the president. he has completely put the united states on back footing for this particular issue. there was a letter circulated earlier by morgan's family, jp -- but morgan stanley, jp morgan, citigroup, advising him not withdraw.

. ♪ julia: this is bloomberg markets, i'm julia chatterley. scarlet: and i'm scarlet fu.his had changed as of a couple of hours ago, and then this bombshell dropped, the statement that james comey will be giving to the senate intelligence committee tomorrow. we have seen stocks move up a butle bit, gains of .2%, people were holding off on any kind of action because of tomorrow's comey testimony at the ecb meeting -- comey testimony, the ecb meeting, and the u.k. general election. there are other things going on in washington to do with health care, tax reform, infrastructure and the lot. that is what we are going to talk about now. it is huge. scarlet: joining us now is a research fellow at hoover institution, and the former campaign advisor to mitt romney. you have read this seven-page statement that james comey will get to the senate intelligence committee tomorrow. give us your big takeaway. grexit reads like a dramatic thriller. -- >> it reads like a dramatic thriller. it is all the interactions that comey has had with the president. first of all, there was a direct a

john: undulate chapter julia: undulate chatterley, welcome to bloomberg markets.re life and bloomberg world headquarters in new york. here the top stories we are covering from around the world and on the bloomberg. and markets, geopolitical risks on the horizon sending investors fleeing to safety. the upcoming super thursday of the u.k. election and ecb to -- decision and fbi director who was fired, james comey, is in e gold in treasuries to the highest levels in months. u.s. and mexico nearing a deal over sugar. an agreement between the two countries could set the stage for the white house is off to renegotiating nafta. in corporate news, tech companies joining the global -- howand cook called -- told they're working with the u.k. government to fight terror. u.s. markets close in two hours time. let's

vonnie: and i'm -- julia: and i'm julie chatterley. welcome to bloomberg markets.ive in bloomberg headquarters in new york over the next hour. here are the top stories we are covering now around the world and on the bloomberg. stocks regaining their footing after yesterday's selloff, not to mention the second quarter as well. washington's legislative backlog amid a standstill in the president's agenda. -- thisticians are could set the stage for a trade war ahead of the g-20 summit. forwarren buffett going up a $10 billion windfall from bank of america. we will ask the longtime shareholder about what this move indicates on bank stocks. u.s. stock markets close for the first half, and let's get a