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: 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

i am julia chatterley. scarlet: i am scarlet fu. welcome to "bloomberg markets." omberg world -- we are live in bloomberg world headquarters in new york. here are the top stories. contentious comments. president trump faces off with before what may be the most divisive g7 gathering in years. the fed, e.c.b., and bank of japan gearing up for policy meetings. the mayor of baltimore on fighting crime, the economy, and investing in infrastructure, coming up. of hour from the close trading, let's check on the markets with julie hyman. declinee did see a earlier. now we are seeing a list. it is more meaningful to look at the moves on the week. it is the third straight up week for the s&p 500. earlier, the gains were led by technology. that accounts for gains in the nasdaq and the records throughout the week in the nasdaq. it is interesting the nasdaq hit records. the dow is the outperformer of the week up 2.7%. if you look at the horse race between the s&p 500 and the russell, you still see the russell holding its own. we continue to see this upsurge. this is the ratio o

i'm julia chatterley. scarlet: i'm scarlet fu. update from mark crumpton. rk: chuck schumer tonight warned that the historic meeting in singapore between president trump and kim jong-un could become what he called a reality show summit. he said president trump didn't waste any time giving up u.s. leverage over north korea. the president faces questions over his decis to stop joint military exercises on the penith south korea. schumer says if north korea fails to name 2 -- to denuclearize, the meeting will be a victory for north korea and defeat for the u.s.. france's foreign minister is calling on italy to reconsider its stance taking in more than 600 migrants on a private rescue ship searching for a place to dock. france says italy authorized the rescue but then refused to take in the passengers. the ship is stranded off the coast of italy and malta it is also refusing to provide safe passage. >> we cannot continue the political ping-pong on who is y responsible for sheltering the responsibility of migration. ones.tecting externa

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,

i'm julia chatterley. i'm julie hyman, in for scarlet fu. loomberg markets. ♪ julia: 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 around the world. calling the trade horses. hisident trump softens threat against chinese investments in u.s. firms. and we will discuss the deceit of the latest republican bill with wisconsin senator ron johnson. and our exclusive interview with prime minister alexis secrest and how his government is meeting the budget targets. let's get some context on the failure of that immigration bill. let's get back to julie for the latest on that. julie: actually we have some other breaking news. retire fromedy will the u.s. supreme court. again, justice anthony kennedy will be retiring from the u.s. supreme court. it was unclear whether we would get any announcements of retirements now that the supreme court has ended its sessio we are here to talk more about that and learn more about the breaking news on immigration. here,bout ju

julia: and i'm julia chatterley. welcome to bloomberg markets. 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. teflon tech as the nasdaq hits a new record high. what can slow down this sector? comey in the crosshairs. in moments, the department of justice will be releasing its report on the former fbi director. we take a look at the fallout. and the future of food. how one agricultural tech startup is harvesting more than less through vertical farming. we have u.s. market closing in two hours time. let's get a check on where the stocks are trading with julie hyman. is this a new record high? julie: we have vista virgins again, which --

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

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 chatterley. julie: and julie hyman denver scarlet fu. "bloomberg markets." ♪ julia: 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 around the world. great dalio takes a step back from bridgewater. we are live in a few moments with the billionaire investor from the ideas festival. speaking of that, heavy hitters continue with the -- with david rubenstein. thoughts -- at foxconn. he is said to tell to his economic policies of the groundbreaking ceremony for a new multibillion-dollar facility in wisconsin. in two hours.lose let's get a check on where stocks are trading with abigail doolittle. abigail: we have a push for the major averages. we have had moves up and down on the day. at this point, we

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: live, i'm julia chatterley. scarlet: i'm scarlet two. joe: i am joe weisenthal. lia: 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

. ♪ julia: live, i am julia chatterley. scarlet: i am scarlet fu p joe: i am joe weisenthal. lia: 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

julia: live from bloomberg world headquarters in new york, i am julia chatterley. scarlet: i am scarlet fu. joe weisenthal is on assignment. julia: crude spikes ahead of opec's meeting. scarlet: the question is, what you miss? opec discusses the contours of an upper increase as russia versus for a big hike whi iran insists no changes needed. --me game over immigration children separated from parents at the u.s.-mexico border from as president trump blames democrats. handicapping the outcome of the election on financial markets and the economy on the election. the author of the new book "midterm economics" joins us in the next hour. bonds are clawing their way back following a post crisis retreat. topping $20 billion in 2018. tracy maitland of advent capital management, which has a $9 billion in assets under management. great to have you with us. tracy: thanks for having me. julia: we don't often talk about convertible bonds, and that is part of the problem. why are we seeing such growth as we are discussing, and why don't we talk about it? why is it a forgotten asse

i'm julia chatterley. i'm scarlet fu.st private employer in the u.s., walmart, is holding its annual shareholders meeting in fayetteville, arkansas. there are number of performers at the event, but to get back to what is actually being discussed, by the executives, what is on the agenda and what is top of the agenda their? it is so interesting. behind all the pomp and circumstance, there is real business being done. i want to talk about flip card. they ran over here from the tennis center. i was talking to the morgan stanley analyst who covers walmart. he says the only reason i'm here is because this is the only time with management after the flip cart deal was announced. we talked to executives about that. with the car, there were questions about did you overpay? they got 77% take for $16 billion. they said we would rather make a few big investments than a lot of small investments that do not matter. we want to be a disruptor, we think this is a disruptor in the emerging market. it is all about future growth. top ofd was

i'm julia chatterley. scarlet: i'm scarlet fu.ive in bloomberg world headquarters in new york over the next hour and you're the top stories we're covering the bloomberg and around the world. week with hectic presidential standoffs, trade tensions, and central-bank meetings. hour from now, president trump will see if a gamble on kim kim jong-un denuclearization can pay off. a summit in singapore. question,lion dollar discussing all the details and today's deals report. we are one hour from the check trade. julie: modest gains. we could see more action later in the week as we get economic data. turn now the mid-cap reaching a record high. the s&p 400 index, just enough to put it at a record level at an intraday basis. her last week the small caps got there. -- s&p in the dow have not have been retaining record highs. interesting that rotation is happening. speaking of, we are not seeing the same winners that we have seen this year and the losers are the winners of today's ion. telecom andabout consumer staples taking all the perform

i'm julia chatterley. scarlet: and i'm scarlet fu.ime to get a snapshot of some of the biggest business stories in the news today. the u.s. could fall behind china in terms of artificial intelligence without a strategy. the small and get china is on risk without a coordinated approach between the private and public sector. china has made it a priority to increase ai output 10 fold, and looks to dominate the industry by the year 2030. royal caribbean is banking on the ultra rich. the cruise operator has taken a $1 billion equity stake, 67%, in start sea cruises, which at $500,000 per person. the cruise can cost around $240,000 a person. bought 173ogle has acres of land in the netherlands as it considers building more data centers. they also bought land in luxembourg, denmark, and sweden. they want to be able to meet data demand in europe, and say the decision is expected soon. that is your business flash update. we are going to stay with tech, because our next guest just returned from a weeklong investor trip to silicon valley. joining

julia chatterley is here. alix steel is off today. diate hit to global risk sentiment. we are taking back some of those earlier losses. 1%,futures down just over the dow off by 1.3%. at the lowest point, down 450 points. so we are easing slightly as we head toward the open. the japanese yen, the traditional safe haven relative to the u.s. dollar. flight to quality right now. and just to reiterate what david mentioned, the pressure that we continue to see on emerging markets, foreign-exchange south african rand. at a session low. for the gainers, it is unchanged, all pressure. david: that is pretty dramatic. time for the morning brief. at 8:30 we get housing starts and building data permits. blankfein will be speaking at the economic club of new york. and after the bell, we get fedex and oracle earnings. right now, let see what's happening outside the business world with emma chandra and first word news. the train dispute between the two largest economies is escalating. china vowed to retaliate after president trump threatened terrence

i am julia chatterley. joe: i am joe weisenthal. scarlet fu is on assignment. and -- [laughter] we want to welcome you to the closing coverage every weekday at 5:00 p.m. julia: let's begin with market minutes. a look at the individual performance. as you can see from the federal reserve, and this was an any can see the snapshot. point 5%, the s&p 500 lowered by .4%. have -- we did have tech stocks outperforming earlier on. some of the weakness that we saw. seeg headlines, and lightfoot we saw yesterday at&t comcast proposal for 20th century fox, and all ca proposal for the 21st century funds. what we got through at&t yesterday, the proposal at $35 per share. obviously, battle for 21st century is active between disney. that we were expected between obviously, battle for 21st comcast, just for here, eastern time. marginally higher on two-year yields moving up 2.75%. 2.97%, theyd up were about 3% at one point. with theing markets yout end of the em curves, can see they're moving significantly higher on the day. at 2%, and the 0year intraday e how will not all that

. ♪ julia: i am julia chatterley. scarlet: i am scarlet fu. joe: and i'm joe weisenthal. lia: 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 mor

i'm julia chatterley. you're tuning in live we want to welcome you to closing bell coverage.et: let's begin with the market minutes. u.s. stocks ending the day off lows. still in the red. dow off by 87 points. a little change off by about three points. looking at the industry groups, telecoms, defensive sectors in the lead. energy materials and tech are losing ground with energy off by better than 2%. joe: interesting to see the staples rally. finally the market government they do well. scarlet: in terms of how indexes have performed the we come up we are looking at declines for the tao of 9/10 of 1%. clawing its way back to unchanged for the week. let's take a look at individual names. general motors gaining by a tenths of 1%. this is according to bloomberg reporting, they are looking into possibilities of an ipo to reflect the value or even a spinoff. it is clear this is an indication that the automation unit is developing a faster and more valuable than investors may have realized. it led to a regrading over the last couple of months. we are also keeping an eye on the medi

i'm julia chatterley. joe: and joe weisenthal.nt to welcome you to our closing bell coverage every weekday. julie: we begin with our market minutes, another bad oscillation, the third straight session we bounced between gains and losses on the s&p 500 in the span of a single day, that's as we get various trade headlines on any given day and as we see down,dual sectors technology being a prime example. let's take a look at some individual ones. we just heard about chipotle mexican grill and a big decline for that stock. investors were not terribly coming up the ceo with five initiatives to drive sales, but analysts said details on timing were very limited. and be just becoming public, a ipo's.k for market, theto company raising about $637.5 billion in its initial public offering, and obviously well received by investors today. then we have the amazon effect, this time it is the pharmacy chain turn as amazon agreed to buy cold pack, which has various licenses across the 50 states to be in the prescription pharmacy business. this is

energy and industrial spirit i am julia chatterley. scarlet: i'm scarlet fu.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 have is a leadership crisis at intel, the first and its 15-year history, or at least the worst. intel promotes ceo's from within the ranks. it changes the suc

nasdaq i'm julia chatterley. >> if you're tuning in live on twitter, we want to welcome you to our closingl coverage every weekday from 4 to 5 p.m. eastern. >> we begin with our market minutes. really, a switch of recent trading action. the dow rising, the nasdaq falling. of course we've seen the opposite quite frequently in recent days. industrials and energy stocks as well, even as we saw from the large tech have been performing so strongly. shares, veryterial strong. financials to the downside. we're going to dig more into the moment.rade in just a but on a stock basis, if you look at the 10 best performers most are energy stocks. a couple examples, marathon oil and petroleum getting a big lift from oil prices rising. nearly 8%. by and annadarko at its highest 2015.since red hot having its session going 2006.o the revenue forecast, according analyst, threw a wrench in everyone's good time. as for blackberry, also bad news in software there. of course, the company has itself to a software company. it had its worst day in a year, weaker growthted in software revenues. the company said tha

i am julia chatterley. >> i am julie hyman. >> i am joe weisenthal.nt to welcome you to our closing ball coverage every day from 4:00 until 5:00 p.m. julie: there is a lot to sift through on the market front as we see this selloff in reaction to the news that the administration was considering investment curbs on china and u.s. technology firms. major averages bouncing from the lows of the session. take the s&p 500, finishing down after they by 1.4% index was off by a little more than 2%. something of an improvement on a relative basis. still by far the biggest drag on the major averages. consumer discretionary, suffering along with energy. utility and consumer staples, finishing in the green, and in terms of the individual stocks that were selling off the most, those companies that are talking about the trade concerns and its affect on their businesses or outperformed. for example, you've got carnival shares down the most in six years, the worst percentage performer on the s&p 500. company cited headwinds that had been affecting the industry, like fu

and in for julia chatterley. welcome to bloomberg markets.: we are live in bloomberg world headquarters in new york. are are the top stories we covering. global trade turmoil deacons, china doubling down on its promise to hit back if president trump goes through with additional tariffs. the eu withlowing retaliatory levies on foreign goods. earnings bonanza, the season is off and running this week with measures already showing high optimism. and profits at risk. a wild day of trading in new york marks the end of the -- era for deutsche bank. we have u.s. markets closing in about two hours. let's check with julie hyman on the markets. but first, a central bank decision out of mexico. julie: the mexico central bank 7.75%, ad the rate to quarter-point increase here. we have been seeing peso weakness over the long-term, spurring inflation concerns. looks like that flips the increase in rate here. in theh movement yet peso, a pretty broadly expected decision. again, we have seen, prior to this movement in the peso climbing in the dollar versus the

m julia chatterley welcome to bloomberg markets.e are live in new york over the next hour, here are the top stories we are covering around the world. interview with the billionaire investor coming up later. senator ben cardin joins us. he voices concerns about president's looming supreme court pick. banks bounced back a 13 date losing streak. we are one hour from the close of trading. it's check on the markets. >> you are right about that. we are looking at the best day for the nasdaq and also -- almost a month. today, we were muddling through small gains and losses. the buyers are really stepping up and taking the major averages higher. we have bonds selling off the 10 year yield. has turned out to be a classic risk on day. let's hop into the bloomberg and see what is happening for the financial sector. you can find this chart using the gdb function. until today, we have 13 down days and a row. that was the longest streak on record going back to 1989. today we have a very solid again. banks had been down, not just in anticipation o

. ♪ ♪ scarlet: this is "bloomberg markets," i'm scarlet fu widger -- with julia chatterley.and sports and entertainment are starting a new goal, taking it to a new level. out we know is president of the 49ers and he serves as ceo of elevator sports ventures. in a bloomberg exclusive we discuss how this partnership is reshaping the sports and entertainment landscape. >> it's an interesting time to be in the world of sports, it's growing dramatically. $30 billion is being spent on new stadiums and arenas and all teams areports becoming massive conglomerates. they are sports and entertainment companies that play basketball, baseball, for all. for us combining the entity with harris sports caa, we are here to announce to bring new partners. the oakview group, who built aeg , and live nation with ticketmaster on the content side. really trying to bring the allusion to a facility operator or operator that we can plug and play that they can rethink this whole sports fan experience landscape. scarlet: one of your stated goals is to identify new revenue opportunities. stadiums are al

julie: i'm julie hyman in for julia chatterley.loomberg markets." ♪ scarlet: we are live and bloomberg world headquarters in new york over the next hour. here are the stories we are covering on the bloomberg and around the world. reducing risk. investors mapping out tactics for how to play the trade dispute. the head ofna, equity strategy at rbc. blankfein on bloomberg. the goldman sachs ceo sounds off on a range of challenges from trade to immigration, to rising interest rates. a massive global shift that is happening faster than you think. half of the world's energy will be powered by wind and solar by the year 2050. we have a special report from bloomberg's new energy finance. have u.s. markets closing in two hours time. let's get a check on where stocks are trading. the day started off with red in asia. abigail: that led into the u.s. markets. here to look at it intraday chart, the s&p 500 over that time. -- over that time. doubt a tense up 1% to we have seen steep declines in the u.s.. all three major averages down 1%. for the