i am kailey leinz. this is bloomberg. david? much. ks so coming up, what president trump's pick for supreme court means for the future of landmark social cases, including same-sex marriage. justice kennedy, the key swing vote in a landmark. the plaintiff in that case will be joining us here on bloomberg. ♪ here on bloomberg. ♪ david: this is "bloomberg markets: balance of power." i'm david westin, reporting from washington. justice anthony kennedy cast a key deciding role in some of the most far-reaching decisions during his time on the court, it is the top of that in the case ofobergefell v. hodges upholding the cost original writ of same-sex marriage to mary. we welcome the planet the case, jim obergefell. welcome. tell us how you got involved in this case. you know about the case, obviously, but how did it come to you? i.c.e. it really have -- jim: it really happened because i married the love of my life, dying ofs als, and we learned that ohio, they would say he was unmarried and would leave my name off. it broke our hearts, but it

kailey leinz has more.co it's a resounding defeat for the business oriented party to run the country for decades. mexicans elected the first left wing president in times. yes promised to fight against corruption and poverty. he is also try to calm investors fears asking to avoid raising taxes in real terms. longtime trump's lawyer michael cohen is suggesting you may cooperate with the special counsel's russia investigation. he says he says it was his family and country first. he also said he won't be a punching bag is part of anyone's defense strategy. he says his activities are being shown the prosecutors. a gangster state from prison by helicopter. you men hijacked helicopter and forth pilot to land. the hijacker broke into the nearby visiting room to retrieve them. the pilot was unharmed. in pro basketball, lebron james is leaving his hometown cleveland cavaliers again. he agreed to a four-year contract with the los angeles lakers, the third time in eight years he has changed teams. he ended cleveland's

here's kailey leinz. iley: secretary of state mike pompeo is now a north korea where he has a tough job. pompeo has to make sure that kim jong-un's nuclear commitments lineup with president trump's promises. since the president met with kim, he says that north korea is no longer a nuclear threat, but there have been reports that kim kept ramping up his weapons production before the summit. russian president vladimir putin wants to get donald trump something to boast about when the two meet later this month. bloomberg has learned that kremlin officials are negotiating with their washington counterparts to strike at least one deal. at the top of the list for the summit in helsinki is iran's role in syria. moscow also negotiating that with the iranians. british prime minister theresa may has a showdown with her cabinet today that threatens to throw brexit talks into disarray. ministers are due to finalize the u.k. blueprint with its relationship with the eu. other ministers want to tara per plan. may wants to

vonnie: first word news from kailey leinz good kailey: the u.s.nd china trying again to avoid a trade war. bloomberg has learned that steve mnuchin and the vice president permit of china are having private talks about ways to restart negotiations. the next wave of u.s. tariffs is set to kick in as early as tomorrow. north korea reportedly building new intercontinental ballistic missiles, just weeks after the summit with president trump. that is according to the washington post, which sites u.s. spy agencies. the u.s. missiles are being built in the factories that made the first rockets capable of reaching the u.s. in alexandria, virginia, jury selection begins today in the trial of paul manafort. it is the first courtroom test for special counsel robert mueller's investigation of russian meddling. the trial has little to do with the vote. fraudaccused of tax related to money he made while working for the former president of ukraine. and president trump taking aim at fellow republicans. the billionaire koch brothers. he called them a total joke on

here is kailey leinz. kailey: italy's prime minister is preparing to burnish his government's ties with the trump administration. he meets with the president today at the white house. his political sponsors share president trump's antiestablishment rhetoric. he is expected to tout italy's role as a facilitator in u.s.-e.u. relations. a deadly wildfire that has forced tens of thousands to flee their home has slowed down. authorities are feeling optimistic. 6 people have died in the fire. a report from the malaysian government does little to solve biggest-aviation's mystery. malaysian airline flight 370 was steered off course deliver the and flown into the ocean. --vanished march 8, 2019 2014. global news 24 hours a day, on air and tictoc at twitter, powered by more 2700 journalists and analysts in more than 120 countries. i am kailey leinz. this is bloomberg. vonnie: more ahead on labor markets. hear what mark mobius has to say about emerging markets and whether the selloff is coming to an end. we focus on s

i'm kailey leinz, this is bloomberg. caroline: a quick look across the assets. big movements in bonds. goingies leading us down as low as the technology industry as well. the s&p 500 off to a similar degree. ,heck out what's happening dollar weakness today with a rebound slightly in the chinese --. brent oil. this is bloomberg. ♪ caroline: live from london, i'm caroline hyde. vonnie: this is "bloomberg markets." asuge weekend -- a huge week leaders meet to discuss their policies this and the fact we are approaching the 10 year anniversary of the financial crisis. we are back with adam tooze, professor of history at columbia university. i want to read another quote. " whichhor of "crashed will be out on shelves next week. the translations will be out within the next six weeks. here is a quote. "in the 10 years since the crisis, the idea is the economy has moved beyond politics and play of international power has been exposed as a self-serving illusion. donald trump's must attack of the manifestation of the disillusionment

i'm kailey leinz. this is bloomberg. david? david: thank you.y the evening in primetime, president trump well announce one of the most important decisions of his tenure when he reveals his second choice for the supreme court. clerk to was a law justice antonin scalia and went on to serve in the judiciary committee. he now heads the ethics and policy center,c a conservative think tank, and he comes to us today from washington. ed, thank you for joining us. it seems clear whoever the president picks, it will be a conservative. the candidates he's been talking about her conservative. let's start at the beginning. what does conservative mean? what you looking for in a "conservative"? ed: i looking for justice who faithfully applies the laws and does not import his or her own personal preferences into the law. i'm looking for someone who applies principles of ritualism and textualism in saying what the law is, who is an impartial arbiter of the law, again, not what was seen from justices on the left for such a long time. you and i both know you bring

i'm kailey leinz. this is bloomberg. you, coming up, an interview with leon cooperman, omega advisors. he is converting his hedge fund. that is at 11:30 new york time. this is bloomberg. ♪ caroline: live in london, me caroline. -- i'm caroline hyde. i'm vonnie quinn. president trump and president rouhani trading threats. this is michael pompeo comparing officials and accusing them of abuse. the statened by department. what is striving tensions? >> -- what is driving tensions? >> in the week since president trump backed out of the nuclear agreement, it is trying to bolster support to strangle the economy. they are read imposing a set of sanctions next month and in november. not work unless other countries go along with it and agree to participate. deep-seated belief within this administration by the secretary of state, by john bolton and others, that the and therea bad actor is suspicion that they are trying to destabilize that regime. last night with secretary pompeo's speech, and appeal to the people, saying the u.s. st

here is kailey leinz.hreat to shut down the federal government if he does not get what he wants on immigration. he said he would support a shutdown if congress does not give him money for a boardwalk -- for a border wall. choice of aump's supreme court will -- judge brett kavanaugh sided with the drop -- with the trump casino. he voted to set aside a national labor relations court order that would require the casino to bargain with workers. bloomberg has learned that the european union, canada, mexico, and japan will all take part in geneva. now, president trump has backed off is that of tariffs on cars from europe. a northern california wildfire has forced tens of thousands to flee their homes. six people have died in the fire. the decibel -- the death toll has been raised in the fire in europe. killednesia, people were when an earthquake rocked a popular tourist island. electionwe, the first since 1990 that does not have robert mcgaughey on the ballot -- robert mugabe on the ballot. in 37 year rule ended

i am kailey leinz. this is bloomberg. mark: thanks a lot. president trump and prime minister may just speaking at that news conference at the checkers country house in the the heelss coming on of an interview between the president and a british tabloid in which he criticized the prime minister saying she wrecked brexit. trump dismissed the claims, calling them fake news. down, andeak it all the report. we know what "the sun newspaper -- "the sun" newspaper said. anne marie: a lot of people were questioning this idea of the special relationship between the united states and united kingdom. he has said multiple times, the highest level of special, that is how he views their relationship. not included comments about may that were glowing. and withhe is terrific brexit you can do what you want as long as we have trade. that is what may wanted to hear. he saw the pound spike a bit after that. mark: where are we on president trump and his relationship with the u.k., the highest form of special? this interview was explosive, was

client kailey leinz. this is bloomberg. vonnie: thank you.ama swirls around trade tensions, how are the ultra wealthy focusing on their portfolios? michael tiedemann has $18 billion under management and our very own simone joins us for the interview. let's start. how are the ultra wealthy families dealing with this trade uncertainty and what are they doing with their incremental dollar? taxable u.s. based investors and tax exempt investors over the last decade have been disappointed by the decision to invest off shores of the u.s. it has been one of the largest drives on portfolios. episodically, you have had years where not emerging markets have outperformed and the u.s. equity markets have been the dominant assets. based on that valuation gap and a performance gap of u.s. markets, you saw non-emerging u.s. assets drawing a lot of attention, coupled with the global synchronized recovery. in the last two years, you have begun to see those markets taxorm, but with a new bill, you have a decision that u.s. investors are forced with. created tax

he was kailey leinz.y: comcast has surrendered to disney and will no longer compete to buy a chunk of 21st century fox's entertainment assets but will try to win control of the british television provider sky. disney can go ahead with their offer, which includes a 39% stake in sky. it is unclear if disney would be willing to sell it to comcast. the european union is for parent to strike back against american blocks by preparing the with the list of u.s. goods to hit with measures. it will provide about 20% of the volume of the goods the u.s. would impose tariffs on. and in london, a judge is sentenced a former trader to barclays and deutsche bank for conspiring. the former deutsche bank trader was sentenced to eight years. the former trader for barclays was sentenced for five years. there has been a massive evacuation in syria that involves more than 7000 people from two syrian pro-government villages that were seized by rebels for three years. in exchange, the syrian government is expected to release a n

i am kailey leinz. this is bloomberg. exclusive,ing up, an we will speak with carson block about stepping up the attack on a chinese company. this is bloomberg. ♪ live from london, i'm caroline hyde. vonnie: in new york, miami vonnie quinn. -- i am vonnie quinn. tal education down again after plunging thursday, forecast fell short of estimates as the chinese tutoring company was always reeling from allegations made by short seller carson block in june that profits were fraudulent. francisco. from san to ouronse yet from tal request for comment. you are stepping up your attack, or allegations today, you are saying not just fake financials but management is misleading about the performance of the tutoring company. carson: yes, this is part of an ongoing campaign and we open the campaign i showing clear examples of where they had been profits --y raising employment profits, their core business not nearly as strong in terms of profitability as it's reported in its financials for several years. the first interest of -- inciden

here is kailey leinz.nt trump and angela merkel met at the nato summit in brussels hours after the president's land germany. he called germany a captive of russia because of its support for moscow's multibillion-dollar gas pipeline. president trump said his relationship with merkel was "very good." china is vowing to fight back against president trump latest threat on tariffs. the u.s. pushed ahead with plans to impose tariffs on a $200 million -- $200 billion in tariffs. they include television components and refrigerators. china called the move totally unacceptable and is valid to retaliate. tariffs may not be the only weapon china uses. china is also considering delaying approval of mergers involving u.s. companies. the chinese may hold up licenses for those companies and ramp up its -- of american products the borders. we have gotten a first look at those boys rescued from a cave say theynd authorities will be hostile is really week or so to make sure they don't have any infections or other serious hea

kailey leinz has the story.y far the biggest underperformer in the s&p 500, on one point its worst day in 30 years. trading around the lowest the stock has been since 2016. ,econd-quarter results missed they cut their growth forecast for all of the regional markets. they once sawca, growth of 12%, now they are seeing -- they revised it down. those areas, the issue is rising material costs. asia, themerica, in costs resulted in the negative results this quarter. the only place it was latin america but they had their own issue with the strike. is 75% of the market being affected by its cost. 9%s represents a percent to of the cost. steelent trump put a 25% tariff. that is weighing on the company. david: the first tariffs were to protect washing machines and things like that. thanks so much, kailey leinz. next, the administration has a plan for struggling farmers. weighs in on issues facing farmers in her state. that is coming up next and this is bloomberg. ♪ retail. under pressure like never before. and it's conne

i'm kailey leinz. this is bloomberg. >> live from bloomberg world headquarters, i'm vonnie quinn. >> live in toronto, i'm amanda lang. we're joined by our bloomberg and radio audiences. talks, president donald canadaevees could hit and push them into recession. in the avenue full mc minutes from the latest meeting. u.s. payrolls report will show another 195,000 jobs were added last month. the question is whether wages will pick up. the country cut's pricing following president trump's demand opec does more to stabilize oil markets. today'scheck now of market movers. s&p 500 having an up-and-down day come up three quarters of 1% . likewise for the other indices. nasdaq up 9/10. crude oil inventories earlier, down 1.3%. the at that after governor's comments, stronger but weaker than in recent months. we have been seeing data point after data point, look at this, ,he nonmanufacturing number services above expectations into expansion territory. you can see how it has been tracking. expectations are for 4%

here is kailey leinz.central bank turkey stunned investors by keeping interest rates unchanged, the first monetary policy decision since the president was reelected. he has battle with the central bank over his desire to keep borrowing costs low. protectionism weighing on the european economy. growth in the region has a softened this month on falling confidence. european company's reported rising prices for raw materials, delivery delays and shortages. that suggests the tariffs are starting to disrupt the supply chain. in china, financial markets rediscovering an appetite for risk. indexnchmark csi 300 capped its biggest gain in two years, rising 1.6%. markets taking cues from the government's biggest push to invigorate the slowing economy this year. and it looks like north korea has begun dismantling key facilities at its main satellite launch area. it would be a step toward fulfilling commitments made by the korean leader in june. the north korea -- north korea is focusing on this assembly in some parts

let's go now to kailey leinz for our first word headlines.rime minister said today there can be no winner in a trade war with the united states. speaking at a news conference in the bulk. capital of sophia, he said that competing tariffs are not a solution to the conflict, but aging has no choice but to take countermeasures against washington. that china wanted to keep "open market access to foreign companies." meanwhile, the u.s.-china trade gap is freaking to the smallest since 2016. exports of goods and services climbed to a record high. trade data will be watched closely in the coming months to see what impact the disputes with china, canada, and europe might have. an fbi agent was removed from robert mueller's team for derogatory messages about president trump, and while .peaking directly to congress he is expected to answer questions about fbi probes and hillary clinton c values and potential collusion between russia and the trump campaign. and a press report says at least 40 u.s. army reservists and recruits with a promised path to cit

kailey leinz is here with more. i actually subscribed easily. kaylee: i do every weekend.theair, netflix second-best performer in the s&p 500 this year, up more than 100% year to date. expectations are as high as they can get. the key number here, netflix reports monday night. everyone will be watching subscriber growth closely. the company is expected to add 1.20 2 million domestic, 1.5 million internationally. the company's own forecast is a little bit below that. deutsche bank saying there could be some downside risk, the company may not meet their numbers in the u.s., coming in below estimates. because subscriber growth is such a crucial number, the company spends so much, $9.5 billion last year, if that are progrowth is not up to snuff, that could really affect the shares. shery: i can imagine, although we subscribe. we are not the problem. thank you, kailey leinz. monday, an exclusive interview with blackrock chairman larry fink. that is in the 6:00 eastern hour. live from new york and washington, this is bloomberg. ♪ >> from new york city, i am lisa abramowicz. 30 m

kailey leinz is here with first word news. some diehard trump supporters are unhappy with the president's performance at the helsinki summit. newt gingrich call it the most serious mistake of his presidency and said it must be corrected. president trump's suggests he believes vladimir putin's denial that his government meddled in the election. a u.s.a u.s. official says as ms 55 remains will be repatriated from north korea, the first time in 13 years they have directly turnover remains of u.s. soldiers. theresa may's brexit strategy is in turmoil. she has infuriated pro-european members of her conservative party by bowing to pressure from europe and agreeing to rewrite her plan. her majority in parliament has been cut to three votes. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. alix: thank you so much. netflix nosedive, shares plunged in premarket after second quarter subscriber growth missed the for

i am kailey leinz. this is bloomberg.sa may facing a fresh showdown over brexit. cabinetpro-brexit members are seeking answers on how the customs regime will work. us for more, and the ross thomas, bloomberg's brexit editor. where are we? emma: in waiting mode. what may is proposing, according to reports and what we have shened, it looks as though is proposing something that ties the u.k. closely to the e.u., particularly in the trade of goods. six to nine months ago it would've led to a huge uproar from the brexit backing faction. michael gove, who was one of the lead campaigners was on the radio saying he does not think there will be cabinet resignations. that is a big deal when you think about just how closely to the e.u. this plan would tie the u.k. we shall see. noisecould be a lot of and there could be resignations. mark: can our body backstory imply that the loss of jobs would come from the prime minister side? they are not like, she will lose her job but she will force senators out. is she in control or are they i

i'm kailey leinz. this is bloomberg. the u.s.es on global trade policy, you want to watch for deals to be struck for the midterm elections, according to citigroup. u.s. trade actions have been unilateral and have punctured the trust built up over decades. joining us now is the gentleman behind the note and the global head of commodities. thank you for being here. great timing for me. you take a look at the brutal hit on commodities and you could see the clouds clear. walk me through it. at which commodities have been hit, we will start with soybeans. threat, the chinese have put restrictions on imports. the u.s. is losing market share and brazil is gaining them. there are a lot of farmers who vote for the president and there is going to beat movement for that reason alone -- there is going to be movement for that reason alone. we see the same thing on the medals. we have all core earnings later today. zinc falling. alix: what is the rebound potential on a crop like soybeans? price goes more the down, the more upside there is. ali

kailey leinz has first word news.t trump is committed to nato and everyone has agreed to increase their financial commitment. the president spoke in brussels after an emergency session prompted by president trump's attacks on allies over defense spending. french president macron said spending plans have not changed. president trump's latest threat make the u.s. and china resume talks through a new round of negotiations. the trump team is also willing to resume talks. the administration ratcheted up pressure by unveiling a list of $200 billion of chinese products that could face higher tariffs. opec's oil output may be stretched to the limit by supply crises. the cartels gulf members may have to pump almost as much crude as they can to cover losses from venezuela and iran. saudi arabia may have to draw re than ever before on it spare capacity. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. al

i'm kailey leinz. this is bloomberg. it is 1:00 p.m. in new york, 6:00 p.m. in london, and 1:00 a.m. in hong kong. i'm vonnie quinn. julie: i'm julie hyman. welcome to "bloomberg markets." vonnie: here are the top stories we are following. let earnings season begins. offsetting the trade war and policy changes to companies' bottom line. highlights from a conversation with the founder in the future of intern. taking the temperature at the big banks. we see how acquisitions for morgan stanley are being affected. all that and more. first we want to get to abigail doolittle. we are halfway into the trading day. it looks like investors are looking to earnings season. abigail: averages higher. up six over seven days. doubt on pace for the best day in a month. -- the dow on pace for the best state in a month. investors appear to be lying and bonds trading lower, confirming the risk on picture. take a look at the sector composition. it points to a risk on picture. seven of the 11's s&p -- 11 s&p sectors are higher. dividends loo

this is bloomberg. ♪ kailey: i am kailey leinz.next hour, dean curnutt, macro risk advisors ceo. now to your bloomberg business flash. proctor and gamble is feeling the heat from new competition. they posted quarterly sales that missed estimates. rival products include diapers from amazon. they are also dealing with higher commodity costs. brookfield asset management is close to an agreement to buy for citi real estate trust at about $6.8 billion. that represents a 10% premium. samsung is starting to be hit by the slowdown in the global stock -- smartphone market. shipments of smart are declining after years of rapid growth. samsung's chinese rivals are grabbing market share. alix: for more on tech, we are joined by ramon llamas joining us in boston. the talk will be apple after the bell. what specifically are you looking at? ramon: i really want to see how services will be rolling around this quarter. if you look at the hardware categories, tablets, pc's kind of having a slow decline. they will still be very popular. take a look a

now we have kailey leinz with first word news. ey: as you mentioned, in europe or from china underscores the cause of the trade were between beijing and washington. record surplus rose to a $29 billion in june. china's exports also rose to a high. but the u.s. and china imposed tariffs on $34 billion of the other's imports a week ago and the president is threatening more tariffs. maynor, president trump is crazy north korea's leader in an effort to boost nuclear talks. he tweeted, that great progress is being made in the sent out copies of a letter from kim expressing confidence in mr. trump. a series of setbacks has raised doubts on the u.s.'s ability to persuade him to give up his nuclear arsenal. at&t with a renewed attack on the takeover of time warner. the justice department has appealed the federal court decision that cleared the way for the $85 billion acquisition to take place. if the government is successful, at&t would be forced to sell the time warner properties. a government law could restrict future enforcement. global

i'm kailey leinz. this is bloomberg. caroline: thank you.ing at the swearing-in of a second time with enhanced powers, the triggers president shook up markets by shaking up his cabinet. naming his son a lot to oversee economic policy. now that we were plunged the most in two years on the news, meanwhile turkish ten-year yields hit record highs. assets have come off of the lows. joining us with more, a reporter. -- our reporter. calm afterng some the storm, but it looks like markets have to digest what a key higher his son-in-law is. talk about what it means for central-bank policy and the potential growth for credit policy that he has stuck with for the last few years. >> the move today was a coming off from the lows. reporter: if you really look at where turkey is going, monetary policies are becoming irrelevant, because interest rates have been raised a lot and it has not been able to save billy or a. -- save the lira. the problem is with fiscal policy and the president following his unorthodox policies. he believes low interest rates will

kailey leinz is here with just hitting everything. tey: deutsche bank taking note of -- kailey: deutsche bank taking note so they are closely tied to imports and exports of goods, services and people with the passenger airlines. they are noting that heightened geopolitical risk and tensions with trade could weigh on imports, exports, and on the passenger side, they are making an interesting point about other companies impacted by trade and. companies are being hit by tariffs, and they could dent corporate travel budgets. they will not want to pay employees all over the world if trade tariffs are weighing on their bottom line, so deutsche bank taking notes. the airlines they have downgraded, as you can see, are roughly one third of their exposure, so these are more subject to risk, southwest airlines, alaska air, almost entirely domestic oriented are not seeing this risk. david: trade goes both ways. international airlines, as well, so they should be hit as much as the u.s., theoretically. kailey: everyone says tariffs are not good for

kailey leinz is here with more. really a bad day for at&t.h second-quarter results. a bit of a mix on the headline numbers. they did beat on earnings and their full-year guidance came in higher than analysts expected. they did miss on revenue. it fell 2% over the year. forbig issue is actually wireless subscribers. this is the company's big moneymaker. you can see the chart in the gtv library. this is showing what is going on with their subscribers. it came in at 73,000 new wireless customers as quarter. that was lower than the 83,000 that analysts were looking for. it is kind of consistently weaved. this is weaker than the june quarter. the fourth quarter and outlier with the holiday season. this is not a good thing for at&t. this really does drive their growth. this result in the second quarter is playing into the already pretty bad year at&t has seen. down more than 20% year to date. that is their worst performance since 2008. this is not delaying those concerns. david: they have to hope the time warner deal clicks in fast. kailey: exactly

i'm kailey leinz. this is bloomberg. caroline: thank you. the biggest loser on the stoxx 600. today. more than 21% and volatile markets could lead to outflows. another swiss firm giving investors reason to stick with it through restructuring. credit suisse shares rising after a second quarter be. at. we spoke with the ceo. >> the core of our performance is driven by our court -- which is growing very nicely. for more, jp joins us from frankfurt. talk to us about the inflows, it seems to be the focus really paying off here. jp: this quarter was very good and the co can be very pleased with the bat and i think you heard that earlier this day. the bank exceeded estimates on the top line and on the bottom line. the only thing to add is to say the estimates were not demanding, but a pretty good quarter and it is paying off the strategy they have initiated appeared caroline: how will the bank deal with excess capital? jp: that is the question that came up in the analysts' call. so the bank was very cautious on saying anything more detailed on pote

in a fewheck economic ministerial first let's get the first word news with kailey leinz.rime ministers, theresa may, has unveiled her long-awaited blueprint for a with a free-trade area fourth industrial product. brexit with a free-trade and fourth industrial product. both sides in the u.s. china trade war are signaling they are going to resume negotiations. they called on the u.s. to resolve the conflict through a of talks and bloomberg has learned that the u.s. is in favor of negotiating. the trump administration increase the pressure by unveiling a list of chinese products that could face higher tariffs. new inflation figures for the u.s. may keep the federal reserve track for gradual interest rate hikes. the overall consumer price index in's2.9% in june, the most 2012. last month cpi rose just 1/10 of 1% thanks in part to fall utility prices. first-time claims for unemployment benefits fell to a two-month low last week with jobless benefits decreasing. that reflects of volatility that is normal around the fourth of july and other holidays. global news 24 hours per day

i'm kailey leinz. this is bloomberg. thank you. washington today, huge meeting over at the commerce department, as everyone who has any sort of interest in the car business is gathering to talk about what potential tariffs from europe mean. the back-and-forth between europe and the u.s. come i should say. kevin cirilli was in new york yesterday. alix: he was literally wandering around. jason: he was. our chief correspondent joins us. bring us up to speed on what is happening. kevin: at the conch -- commerce department today, every representative from the automakers will be making their case known, that they are against president trump in his administration's proposed 25% tariff on imported auto parts, as well as automobiles. meanwhile, we're monitoring this because there are reports in europe today that they will put tariffs on u.s. coal, chemical and pharma products, if the u.s. goes through with that. in terms of the politics, that signals that the coal industry as part of the political movement, especially as we get closer to th