kevin: i'm kevin cirilli in washington.ns are focusing their efforts on flipping seats that voted for the president and the 2016 election. one of those is in montana. it voted overwhelmingly for president trump. there to turn democratic senator jon tester remains popular with his constituents. toning us now with his plan flip the state red is the republican challenger matt rosendale, who joins us from montana. thank you for joining us. i was looking at some of the polls. slightlyester edges higher than president trump in terms of approval rating. what are you going to do to flip the state? matt: i don't think it is going to take that much. jon tester has never achieved 50% in montana. he won his second election by 48%. as you mentioned, president trump won montana by 21%. he -- vice president pence is going to come out for us on tuesday and wednesday. this campaign is going to get to be about the truth. jon tester has denied reality. dodd-frank has created major problems in our small community banks. obamacare has treated m

this is bloomberg. ♪ ♪ kevin: this is bloomberg markets: balance of power.i am kevin cirilli in washingtoni am shery ahn in new york. kevin: they have pumped the brakes on the sinclair tribune eggmerger, already the local television operator in the nation. sinclair signed off on a $3.5 billion purchase of rival tribune media. the fcc is calling into question how transparent sinclair was to regulators and is ordering a hearing. that could take months. joining us to weigh in his bloomberg's sec reporter, thank you. are they going to get the merger done or not? >> that is the question, we don't know. the fcc late this heavy hit on the merger the last few days, sending them to the hearing, which could take a long time. has no telling how long it will take. months, plural, for sure. sinclair said this was troubling and we have not heard from sinclair -- tribune said this was troubling, and we have not heard from sinclair. kevin: is sinclair going to get that cable news network? tv, which some people might think be the kernel port of arrival to fox news. that is a good question. there holding on

we will go to kevin cirilli. he is standing by with a key lawmaker. vin: it is a bit cooler here at the borough. we are joined by senator tim scott from south carolina. thank you so much for joining us. senator scott: absolutely. it sounds like it felt like south carolina. kevin: it was very humid. let me ask you about your economic opportunities. this is something that would lower the tax and try to create incentives to bring investment into rural and urban communities, talk about where we are at in the process. senator scott: the good news is all governors of the country have established opportunity zones in each state and the goal is to bring in the private sector dollars to harmonize with government dollars, to make sure that those communities that have not seen economic recovery that the rest of the country has seen has a chance to be hopeful, because new dollars are coming in to challenge the poverty that has been too persistent in those areas. i am excited because i grew up in those communities and i understand the potential that we find in thos

kevin: i'm kevin cirilli in london. have seen president trump defend his summit with president putin in helsinki. he has even gone on twitter this morning saying that he had a great meeting with nato but he even had a better meeting with vladimir putin. expecting to hear from him directly at 2:00 p.m. today. kevin: it's really fascinating to watch the chronology of what has happened at 1600 pennsylvania avenue earlier today. deputy attorney general rod rosenstein was scheduled to be at the white house and he had meetings. he did not meet with president trump. the deputy attorney general having just announced several days ago that 12 russian spies indicted bring charges against them for hacking into the democratic national committee server. then we are also hearing that a small group of house republicans are set to be at the white house to meet with president trump and now sarah sanders is saying the president is expected to make remarks on the helsinki meeting with president putin ahead of that meeting. we will be follo

coming up, bloombergs kevin cirilli will interview democratic senator elizabeth warren.s is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. it's 2:00 p.m. in new york. i'

thank you, chief white house correspondent kevin cirilli.s spring court comes -- of the spring court comes as president trump heads to europe. we have the question of who is contributing what capabilities and contributions are important to nato. if you look there at the fact, germany is the second-largest troop contributor to nato in afghanistan. we are the second largest net payer. i think you have to have a balanced look at who is doing what, who is investing what, and in the very end in the summit, it is about unity. we are defending the same values. we are sitting on the same side of the table. it is about results. we are determined to strengthen the alliance. >> what was your initial reaction to that trump letter to the chancellor? a letter wer was expected because it is a goal. we decided on it with president obama. we are on a good way and i think it is important to debate about what to talk about the issues that really affect the alliance. who are our opponents? to work on the strengthening of our alliance and our unity is the most i

let's bring in kevin cirilli chief foreign correspondent for bloomberg tv. thanks for being here. so much to talk about. >> always. >> jonathan, what is your biggest take away? >> the opposite of what the president tweeted. basically, this undergirds the reasoning that the justice department and fbi were seeking a wiretap of carter page. they believe there was a possibility he was a russian agent. he denied that. what you see in that documentation is the justification that we heard before. there was no argument between republicans and democrats about that in the past. it is hard to look at the evidence and suggest there was no reasoning for the warrant. >> this is, jonathan, a predictable response from the president saying the doj and fbi misled the courts. do the documents suggest that or possibly the opposite? >> the president, at this point, would say anything that came forward was evidence, no collusion and he was the victim of a witch hunt. so, you know, it's -- you have to weigh what the president is saying on twitter with a grain of salt. >> and tweeting bright and early on

marty, let me bring in kevin cirilli who was in the press conference. talk to me about the body language. a lot of the questions, there was a laugh in the room when a vladimir putinif had personal information on donald trump. putin said he did not even know donald trump was in russia at the time. kevin: it was classic vladimir putin. during the answer, president trump tried to get the answer of president bruton with the throw away -- the answer of president putin with a throwaway line involving the world cup. president clinton -- president putin offering a delayed response back. the laughter was muffled. it was not a thing that dominated the room. there was a key moment in which the reporter asked president he wanted candidate donald trump to win the election and putin saying directly, yes i did and then changing to another question. vladimirof policy, putin saying president trump reiterated the u.s. position that the u.s. does not recognize the annexation of crimea to russia. beyond that, in terms of cybersecurity, president bruton suggestingt putin th

kevin cirilli, from you as well. the latest business/. taking its company overseas, planning to build a factory in shanghai that could produce 500,000 vehicles a year. that would be some led to the output that they project they can reach in california. the maker of pepsi and mountain dew saw a boost from food operations in the second quarter. pepsico beating estimates to strong sales of quicker and free to let. fixing the struggling beverage unit is a -- and one my up the fight for grocery customers in new york city. jet.com will soon be making same day grocery deliveries in the city. amazon offers a similar service through prime. and target makes same-day delivery for in-store purchases to parts of new york city. that is your bloomberg business flash for this hour. mark: let's look at the end of this tuesday trading session. european stocks are higher for the sixth consecutive day, best friend since march as investors focus on earnings, move on trade, and boosted higher for the sixth consecutive day, thanks to the other side of the leade

let's go to kevin cirilli. he is standing by with a top democratic lawmaker. kevin: we are here with senator elizabeth warren, democrat from massachusetts. dizzying day on capitol hill. the white house saying they are not going to allow a former ambassador to be interviewed. senator cornyn saying this resolution, nonbinding resolution will not get a vote, rebuking that. what's going on, senator? senator warren: i don't think anybody knows what's going on. we are clearly in a place where donald trump is in full protect donald trump mode. and whatever he has to say, do, break arms, whatever is necessary, he cares about exactly one thing and that is protecting donald trump. he has now found out that, no, it is not a great deal to offer an american ambassador to be interrogated by the russians for doing the things that america stands for, for speaking up in terms of -- to support freedom, to support transparency in government, to support accountability. no, we don't ship our ambassadors back over to russia to let them interrogate them. trump has obviously figure th

kevin cirilli joins us. what can you tell us? r officials are meetg president trump will one-on-one with vladimir putin on july 16 in helsinki and he will address election meddling. topics they will address include arms-control, ukraine, .yria, and election meddling the u.s. ambassador to russia said "you cannot solve problems if you are not talking about them." he went on to say the ball is in rushes court. now is the time for direct communication with russia. the president will first be headed to europe to go to brussels to meet with nato allies. the president has consistently urged other nations pay more for their membership in nato. u.s. officials saying they have begun to see that urging is a positive result of president doubt, policies, but no all eyes will be on that one-on-one meeting between president trump and president putin. then they will meet with their expanded teams for ongoing bilateral talks. vonnie: the ambassador is saying the ball is in rushes court. what exactly does he mean? kevin: in terms of a host of diff

kevin cirilli spoke with a key lawmaker at the center of the confirmation process.look. >> we are here with chuck grassley. senator, thanks for the time. big hearings with regards to judge kavanaugh, when you expect those to begin? >> i want to have the slightest idea until we find out the massive amount of material. i know about 300 decisions is red, but beyond that i don't have approval but i could give you a rough figure from other previous nominees for a bring court. generally from july 9 when this was announced, the average has been about 65 to 70 days. ,f it follows the usual pattern it would be late august or early september, but that's pretty much a guess at this point. kevin: you mentioned the document and looking through all of judge kavanaugh's recent decisions as well as other things he is drafted. timet to ask you about his when he was counsel president george w. bush, at his previous confirmation was a bit controversial. do you expect to get those documents from that hearing? of course the senators that were in the senate at that time had a chance to v

david: that was joni ernst speaking with our very own kevin cirilli.ing up, the man president trump called a brutal killer is heading to washington. will a white house meeting with the eu president jean-claude juncker help fit europe into the america first vision? this is bloomberg. ♪ this is bloomberg markets: balance of power. i'm david westin. president trump tweeted once again this morning about how unfairly the united states has been treated in trade and the tariffs could be in his words, the greatest. he's threatening to impose some of those tariffs on imports of automobiles as he gets ready to meet tomorrow with the eu leadership at the white house. ward.e now, bradford earlier he was an assistant to the u.s. trade representative responsible for trade enforcement. he comes to us from washington today. thank you for being with us. >> thank you. david: the president has said maybe they will get a deal with the eu. what can mr. juncker offer the president that might satisfy him? >> i think the president is focused on terrorists. not only from the s

we are joined by kevin cirilli who is live on capitol hill. ump certainly has been poking the bear, if you like, with his tweets on europe. what is the posture going into the talks tomorrow? kevin: tense. tomorrow, the european commission president, as well as the european trade commissioner, will be in washington meeting with president trump, as well as other officials, to continue to hammer out some type of trade deal. becausell this up, president trump was tweeting earlier, "tariffs are the greatest. ather a country negotiates fair deal, or it gets hit with tariffs." he goes on to say, "we are the piggy bank getting robbed. all will be great." angela merkel has concerns on what the eu could come in with. they have toyed with the idea of getting rid of auto tariffs. take a look at the u.s. trade deficit with the european union. you can see it on the terminal. surplusuns $150 billion with the united states. this is part of a $1 trillion trade relationship that both sides impacted by 15 million jobs on both sides of the atlantic. vonnie: what w

helsinki, where you can see the room getting ready for the two leaders to take the podiums, we have kevin cirillin, robert mueller is 35 individuals or companies under indictments and/or with guilty pleas. just 12 alone on friday this past friday. how much mention of that do you anticipate today? to have aey're said joint press conference after the one-on-one meeting each of come to buy translator. we do not know what they talked about. president trump saying before the meeting when he greeted president putin that he was looking forward to it and he was hoping for a better relationship . he used twitter to blast obama for the previous relationship with russia. russia agreeing with the president's sentiment. senior officials have said there said to talk about election meddling, that we did not hear that directly from president trump essie headed end of the meeting. we did not hear whether or not he would raise the issue specifically of those indictments which have cast a shadow over this meeting. in addition to that, other topics include syria, crimea, ukraine, as well as nuclear disarmament. beni

we welcome kevin cirilli, bloomberg's chief washington correspondent. but we get to this weekend, will there be anything more on trade? the president says he's not done yet. kevin: the president says that the $34t done yet and billion of additional tariffs against the chinese to the coming in a few short weeks, as china has responded with tariffs of iraq. the president has received intense push back around the world. vowing to respond. multinational corporations are pressed are pushing back against what the president has done. so are also some republicans, most notably the heritage foundation which is out in full force against what the president has proposed. they are very concerned about the impact that we have been reporting on for some time in the president's district. they say "the united states has violated the world trade organization rules and ignited a large trade war." this is interesting simple because the president has been very critical of the world trade organization. ok, we look forward to monday. i was told it was not :00, the present -- i

the latest, we are joined by kevin cirilli in washington. by where we think the u.s.rade relationship is today. we get these data points that suggests that there are flashpoints that remain. other ongoing conversations? data points are ongoing trade battles in what is escalating into tension between the u.s. and china. the macron news comes fresh off in administration's proposal from the commerce department to block china mobile from entering into the u.s., that of course is a large telecom giant in china. 73% stake from the chinese government invested in macron, that sent shares down to a four-year low as a result of that recommendation from the commerce department to president trump. now we have the macron news where folks are literally being turned around as a result of this escalating tension. all of this comes a head of friday, july 6 deadline when we are exhibiting the anticipation will enact the $36 million with the tariffs and the first round, china says they are willing to play right back in that they have tariffs of the run they will respond with. onry: ahea

vonnie: we are going to get more detail on what just happened from kevin cirilli was also in helsinki, finland. was that of protest or some kind of disagreement in the gathering? kevin: there appears to be a single heckler escorted out by security ahead of this press conference. there had been security that said there would be no live shots asking reporters to turn off their cell phones. seemingly that was about 10 minutes ago and now we are still awaiting that joint press conference. vonnie: not exactly a protest. we're seeing some people entering the presidential palace in helsinki. we anticipate an entourage with both men. it looks like they are prepping take the podium. we can see melania trump, the first lady, has entered the room. secretary of state mike pompeo has entered the room. both entourages are taking their seats so we are close to the beginning of an historic news conference. resident vladimir putin and president donald trump. two questions from the press apiece. kevin has told us they don't know what the questions will be. i imagine there is some idea of what there wil

kevin cirilli joining us with the latest. thank you. t to continue the conversation and get insight from canada's former foreign affairs at miss -- cirilli, sharing those comments from paul ryan, your reaction? forward'sre power from the de facto leader outside of the president within the republican party. we are hearing a lot of partisan reaction as to be expected but to say that vladimir putin, that herea is the primary actor in the interference in the democratic process in the presidential race in the united states, on it -- unequivocably confirms that pollutant is in effect winning by this helsinki conference. the rush -- what continues, whether on the subject of cyber hacking, whether it is nato'sion at nato, and role instability, or whether it is targeted assassinations of russian citizens and journalists surround the world, putin has proven to be a disreputable leader. appearing at a conference with the president of the united states is a win for russia. inthe -- he had put this competitor terms. he talked about russia being a com

what's bringing kevin cirilli, our chief correspondent there live. give us a sense of how surprised the attendance -- were in hearing this where juncker was clear on saying his main intention in these discussions was to work toward zero tariffs in industrial goods. very surprised. as our producer pointed out, the president was joined by republican lawmakers in the rose garden. this comes at a time when the president has been urging republicans to calm down, and really focus on the agricultural double laments -- agricultural development. the president pointed out soybeans saying they got the proposal from mr. juncker to open up the soybean markets. as he is incomes the farm states. he will be in iowa and mike pence is also going through this week. a clear development that has emerged. he also alluded that tax proposals ahead of these midterm elections, but we should know the optics of this because mike pompeo is testifying at the same was as this joint statement being discussed. kevin, in terms of the , ififics, mostly if a deal they delay any imminen

joining me now, kevin cirilli, chief washington correspondent. malcolm nance, terrorism analyst, author of "the plot to hack america." kevin, let me start with you. this was a rather extraordinary moment on stage, at the aspen security forum. my colleague, andrea mitchell, interviewing dan coats, director of national intelligence. and it was a moment of real honesty. reacting to something he clearly did not know about. now we see him walking that back. i want to get your perspective on what it means about the degree to which he's involved in the operations of this administration, what it said to you about how marginalized someone like him might be in policy-making decisions. >> david, look, it looks like the head of the intelligence community is getting their news from president trump's twitter, just like the rest of us. but it's quite remarkable. because it really does show the growing tension between president trump and the intelligence community. it also just illustrates, probably the best illustration we have this week, of how quickly the pres

kevin cirilli with us. how is the president this morning? major walked back. what is next? >> there was a bombshell headline yesterday. forr lawmakers are calling mike pompeo to testify before the senate about the performance in helsinki. that means there are widespread concerns. they will be taking a lot of questions on capitol hill in front of those cameras in the coming weeks. tom: i read the miriam webster definition of treason last night. i'm sorry. it isn't it. is there is a tool called censure. simpley move towards a censure? >> they could. i don't hear realistic talk of that. maybe it is a short-term. i would point to policy positions the senate has taken on trade in a situation where you have the legislation by bob corker, who has advocated and got to nonpartisan legislation support for something to make it more difficult for the president to use section 232, citing national security concerns on trade. calls for theote secretary of state to come and testify, and the criticism we have seen in terms of the beingr of the house critical

inin: i'm kevin cirilli washington, d.c. this is "bloomberg markets: balance of power."there are the top stories we are watching. andident donald trump iranian president rouhani are exchanging inflammatory words. midterm election watch, we will hear from republican congressman urbelo, who has introduced legislation on climate change. changes forcedcy the boj to purchase an unlimited amount of bonds. president trump is turning

kevin cirilli is standing by with a top lawmakers today. kevin?e today with representative cathy mcmorris rodgers, the house republican conference chair. thank you for being here? -- thank you for being here. rep. mcmorris-rodgers: thank you, it is good to be here. kevin: you have launched an interesting campaign, #betteroffnow. tell me about it and what the main argument is? rep. mcmorris-rodgers: sure. two years ago, the house around ans' agenda was better way. a better way on the economy, national security, and two years later we have kept those promises and now we see a result. right a booming economy now, so better off now is answered in the question that many americans have every day -- am i better off? we are here to say look at the numbers. you are better off than we were two years ago when we put together the better way agenda, and i would encourage people to go to better.gop. we have had over one million jobs created since the tax cuts and jobs act was signed into law. than are more job openings people looking for work. unemployment last

david: kevin cirilli, thank you.welcome now ambassador karlov , served as united states trey burton of as well as secretary of housing under development. it's good to have you here. ambassador hills: good did join you. what does president trump want and what does jean-claude juncker want? hills: president trump said he was focused on bilateral deficit and he put tariffs on some key sectors. wantsk president juncker to keep markets open and i hope that they create some kind of a format for moving forward to open markets, because you don't win my closing markets. in fact, we already suffered from the uncertainty. david: the president has opened the door to that, saying we should eliminate all tariffs. most people think that's not quite realistic. is there realistic process we could come up with lower tariffs and can the eu do that just with united dates without including other countries on multilateral deals? ambassador hills: no, the wto requires you to give national treatment, nondiscrimination in the global trade. u

kevin cirilli also joining us. i want to head over to you first. what are the expectations?ing are the exclusive interview of donald trump. the u.s. deal is off. he is going hard on trade. personally,,more saying boris johnson will make a great leader. thousands of protesters came from west london. they are going down to parliament square. where the baby donald trump is hanging. they are going to come back through trafalgar square. a lot of the signs are pointing towards the reception of the .gbt q community women's rights activists are also here. we have a lot of european union flags as well. with -- no war with iran. thousands of signs. a largell be quite protesting here in central london. london, what does trump actually want to get out of this? trade surplus. >> i don't think he was paying much attention at all to a trade did with the u.k. until the last couple of days when reporters started asking about it. undermine the prime minister. it is not clear he wants much of anything other than to consult before he talks to vladimir putin. i'm sure she would want him to discu

we're john beilein -- we're joined now by kevin cirilli. that heated up quickly. ght on this threat to turkey of sanctions? kevin: vice president pence ushering in that statement saying turkish sanctions would be imposed unless that pastor was released. turkish officials have placed him under house arrest, seemingly a signal as of yesterday that things were trending in the right direction. vice president mike pence as well as president trump saying not good enough. release him or there will be more sanctions and if you take a look at the lira, it is sliding in the currency fell as much as 2.3% following the white house confirmation of that report. it's been leading the trending downward of all of major currencies. this really comes at a time in which quite frankly, nato allies have been facing intense pressure from this white house and intense munication response following the european commission visit. turkey has the attention of president trump. vonnie: remind us of the backstory. this pastor who was released to house arrest? andn: he had been arrested he had bee

let's get to kevin cirilli, who is live at the white house. serious are these two leaders in reducing tariffs across the board? kevin: well president trump says tariffs are a good thing, and that is the message at you -- i feel you going to tell the european commissioner president jean-claude juncker, who is here at the white house meeting with president trump. we heard from the president minutes ago, who says he believes mr. juncker is a strong negotiator, but what that means in terms of tariffs we do not know. the president is facing pushback, republicans on capitol hill, many of whom in the party leadership will be here later this afternoon. earlier today, house speaker paul ryan and other leaders were here meeting with the president. all of this comes as the business community is also making its case known, particularly the auto sector, that they want to see the president readjusted recalibrate his strategy in terms of trade. angela merkel has warned not getude juncker to rid of them. the eu, for its part, is readying $20 billion in tariff

let's now bring in chief washington correspondent kevin cirilli as well. gton at the hall. kevin, what are you hearing as to the president's goals here, hearing valparaiso may's perspective? >> president trump earlier today following the nato meetings really setting the stage for what she is walking into, calling it a political hotspot. there is that element coming at a time when the president is urging nato allies to increase how much defense spending they contribute to nato and also at a time of intense political turmoil not just in u.k. but also in the united states. we should note that steve mnuchin is finishing testimony and the second point here in the house of representatives earlier today taking a lot of criticism from republic about back-and-forth with trade in particular with how the president is negotiating not just with china but with european counterparts. just within the last couple of minutes, the chinese embassy putting out a statement and saying the slander of the u.s. against china about gaining extra advantage through unfair trade is a di

from new york, i am shery ahn kevin: i am kevin cirilli in for david westin and we have a focus on geopolitics president trump last china, the eu, and the u.s. federal reserve, his message on rates and currencies. playing nice with vladimir putin, president trump intensifies the uproar over his meeting with the russian president by extending an invitation for a second summit. can democrats take the house? we will hear from a democratic candidate in a key district. ♪ kevin: -- shery: twets and more -- tweets and more terror threats, accusing of currency manipulation before taking a swipe at the federal reserve interest rate hike after the president already threatened to impose tariffs on all of chise

kevin cirilli was in new york yesterday. alix: he was literally wandering around. jason: he was. f 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 the midterms. fromt to pull up a number the alliance of manufacturers, with the g.m.,, vw, and toyota. an $84 billion increase in they say will be the price that it will go up in your alicia the president come through with tariffs. jason: kevin cirilli, keeping an eye on the car business and all around their. alix: european automakers reporting earnings, and althou

thank you, kevin cirilli.nd coming up later, anthony scaramucci, the former white house communications director joins us on balance of power. that is today at 12:00 p.m. eastern. this is bloomberg. ♪ mark: live from london, i'm mark barton. vonnie: in new york i am vonnie , quinn. time for the bloomberg business flash come a look at the biggest stories right now. boeing and a brazilian playmaker have been enjoying -- have decided to do a joint venture. boeing would own 80% of the new enterprise, which will help with small liners, with the addition of a small e-jet. and the brazilian committee will remain an independent company. at taking in other aim regulatory approval to great the largest industrial gas proprietor. the american company agreeing to sell european assets to japan's company for $5.9 billion. they are trying to soothe antitrust concerns for the takeover of linda. that is your latest bloomberg business flash. mark: checking out, i know you you will find all of the exciting charts on bloomberg tele

let's get to kevin cirilli who has more about this 12 russian intelligence officials being indicted by u.s. government. kevin: these officials that the government is saying hacked into the democratic national committee ahead of the 2016 presidential election is the latest concrete evidence from the intelligence community they believe that vladimir putin has orchestrated and led russian meddling in the last election. the president is now meeting with the queen of england. as we await the press conference from deputy attorney general rod rosenstein, i would note that within the past 10 days, the deputy attorney general has been a fixture at the white house. he attended a private gathering of the white house lawn for the fourth of july with other senior demonstration officials and their families. he was at the white house during the announcement of justice kavanagh to be appointed to the supreme court. he has been very much ever present in washington and within this administration. i spoke with several sources connected to those who are involved in this investigation within the last half

kevin cirilli was there in the room, our chief bloomberg washington correspondent. vin, afterou, this historic moment. i want to go to sourdough rizzo -- salvador rizzo in "the washington post" today, who do the obligatory fact check. was it that often mark? was it that bizarre -- off the mark? was it that bizarre? the fallout from capitol hill has been as italy critical, not just from democrats, republicans as well. most notably, i was struck by paul ryan. this is the first time using a very aggressive statement against this president since he announced his retirement. tom: 10 times in the last 12 hours, people have said to me, when do they act? went to the cabinet officers act? wednesday the administration officials act? windy were -- when do the cabinet officers act? when do the admin assertion officials act? kevin: i have not seen any evidence as of now. tom: why? kevin: midterm elections. you have to go into the hearts of some of these districts where their constituents are. quite frankly, the president yesterday, while receiving a lot of criticism, does speak f

that was kevin cirilli. we keep the focus on mexico's country elect.dent in decades. we discussed the implications with morgan stanley's chief u.s. public policy strategist, michael zezas. this is bloomberg. ♪ ♪ is -- kevin: -- abigail: this is "bloomberg markets." we are taking a selloff in commodities. one way to play through the futures markets. as you can see, the bloomberg commodity index down sharply. down 2%. its fifth greater than 1% decline since the start of june. near a five-month low. brent crude also sharply lower. down 2.4%. silver, down 1.8%. some of this could have to do with trade tensions and concerns p we are at a possible trade work or we have seen that this year. that has been he find the commodity weakness. take a look at the dollar weakness. pressuring the commodity complex on the day. for the longer-term chart, relative to those trade tensions, what has the technical, what has been done around technicals? the top and the bloomberg and take a look at the longer-term chart. this is back in 2015. it represents the great crash in cr

kevin cirilli is in washington. was the president pleased with the performance? element of show business. did he give the process high marks? kevin: in terms of the speech, it was well received last night inside the east room. he was joined by every republican in the senate as well as steve mnuchin. rudy giuliani was looking at the front row. he was sitting in front of rod rosenstein as the judge appeared with his family. himself in present an opening statement of what is sure to be a divisive battle in the senate, even though the process appears to be looking smooth. democrats are ready to pounce and position him as more of an extremist. he wants to appear as more of a centrist to the supreme court. tom: the sales job begins. he will make the rounds on capitol hill. what will he say and do? how will he convince senators on the fence? said ifusan collins has any nominee must have a position that roe v. wade is settled. this will be a key conversation. senator collins is a centrist from maine. he will begin his meetings with senators privately today. the second poi

that is a good thing to jump into with our kevin cirilli in washington. i read the article. sident trump for congressional gop politicians? kevin: for the centrists, i think it is an issue for them. you seen the likes of some republicans trying to move a bit away from the president on issues like trade, as well of the mueller investigation. for the most part, the polling suggests republicans are very much approving of the president trump's administration. does touch upon what you touched upon yesterday, which is the turnout by democrats. what do you get an indication of how democrats will turn out in the midterms? kevin: candidly, i think we seen indicators already, whether in cut her lamb's -- in connerly connor lamb's district, and the special election in alabama. on the other side of that, you have to look at the political organization of the labor unions, the various different activist groups that have really rallied support. you do get the sense, at least from those indicators, that there would be a strong enthusiasm on the left. --, and i say this because but there's al

chief washington correspondent kevin cirilli and seema mecca from the los angeles times. is this waiving this privilege of this tape good legal strategy, how important is this tape as a piece of evidence? >> well, aaron, it is tough to know how important it is as a piece of evidence until we can actually all le-- hear what is the tape and that will dictate whether this was sound legal strategy. i would suggest there are two reasons that if, in fact, the president's team of lawyers waived the privilege here. it was either because the contents of the tape itself, they may view as sort of usably spinable. like perhaps that the president doesn't say anything that is expressly incriminating. i know "the washington post" reported today indicated that on the tape mr. cohen seems to be talking much more than mr. trump and there is also an indication that the tapes sort of cuts off abruptly with one of the two speakers mid-sentence. so i would suspect that mr. giuliani may have listened to it or been privy to what was on that tape. decided it was a usably spinable so they didn't o

kevin cirilli, we thank you. bloomberg's chief washington correspondent.ine: and it is that time -- global battle of the charts. you can see them on the bloomberg by running a function. and today i bring you u.k. equities. given the negative headlines we get from the u.k. day in and day out from brexit to the town's, u.k. equities would be taking a hit. funnily enough, that is not the case. this is what i want to show you using my chart. the blue line here refers to 100, the yellow one, that's european stocks excluded in the u.k.. what you see is the ftse has outperformed its european counterpart since june. ignoring all kinds of political noises. there are two reasons for this. one, investors like to make decisions on stocks ahead of the earnings season, and two, a lot of companies are not based in london, but the business is global. this is my chart and you can check it out using the function gtb go. caroline: always loving a week british pound on the ftse 100. vonnie, how you match it? vonnie: i thought we would take a look at container shipping compani

in the next hour, kevin cirilli back in washington.rench hill and his fractured republican party. this is bloomberg. ♪ ♪ tom: this morning, a stronger dollar. em must adapt. reigns.n most senior pentagon officials frantic to learn what was promised with putin. president may turn over ambassador mcfaul to the russians. the superduper commodity cycle. gold cannot find a bid. good morning everyone. this is "bloomberg surveillance." we are live. in for francine. about the absolute confusion we are seeing in washington. pictures.have we are looking at russian president 10 at the russian foreign ministry meeting with ambassadors. it will be interesting if any mood music comes out of this. interesting,is is pay attention to moscow, the ballet of london and moscow. here is taylor riggs. the european union preparing to strike back against american tariffs. to block is preparing a list hit with protective measures. they would be imposed if the mission to washington fails to persuade president trump to raise car tariffs. if pound could we hit har

kevin cirilli, are cheap washington correspondent -- our chief washington correspondent. with us from yale university. in his book, i am not really sure there was anything about what we are in right now. was it in that volume? stephen: you have to read the book. there is a whole section on balance called -- in "unbalanced" called a bad dream which goes through a fictional account of the collision between the u.s. and china. i said that dreams sometimes come true, little did i know. tom: little did you know. state the fact that this president is a mercantile president? stephen: i think that would be overly kind to a man who really has no appreciation of economics despite presumably attending and graduating from the wharton school. he makes the comment that you just quoted that the u.s. is unfairly in trade deals, and yet what he does not get, nor do any of his advisers is that we need trade to grow unfairly. we don't have the savings to grow. the import surplus savings from abroad run massive current account and trade deficits to attract capital. trade is part of our solut

kevin cirilli, our chief washington correspondent.ing from the white house and the 9:00 hour and conversation with the president's chairman of economic advisors counsel. he will discuss the trade war. stay with us. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." i'm taylor riggs. let's get the bloomberg business flash. deutsche bank shares have pared earlier gains. jpmorgan is denying a german business magazine report that it was considering taking a stake in the bank. china'szine also says ic bc may invest in deutsche bank. the german lender has no comment so far. shares of biogen are surging in pre-trading. company and its japanese partnership positive results in a large clinical trial. the drugmaker says patients who took the drug showed significant slowing of disease progression in the brain. there will be a new ceo of one of germany's industrial giants. he resigned after seven years at the helm. he quit days after there was an agreement to set up a european and steel giant. activists and investors are pushing for a

we will do this later with kevin cirilli, but this phrase europe.and-ization of it goes back, no oneourage of the fins in world war ii. is that the risk? margaret: it is a risk. and i think roger: -- roger: and was doing the finlandization of the united states. fins paid a heavy price for that deal. they fought very hard in the soviet union decided not to absorb them. europe is disunited at the moment. tom: how they get united, how they fight back, what is the path of the new europe to fight back in the presence of this president? what europe has to do, if it is to avoid being work mored is to together on foreign-policy issues and strategic issues but that looks unlikely at the moment. we have countries like hungary and poland which are going on a different path from europe, italy is a question. francine: mike, as an investor you need actionable policy. how do you make a distinction between actions and noise? michael: that is the challenge. the most important thing you have to do is structure your portfolios so if you recognize there are tariffs which have profound implications, the

we now move to washington and our kevin cirilli.he likes of which few throughout history have ever suffered before." i think it is a line greater than the lost ark or star wars. what does general mattis in the pentagon do to respond to these words from the president? kevin: it would appear that they are all in lockstep because this tweet is reminiscent of how the president had escalated tensions against north korea dictator kim jong-un prior to their summit in singapore. tom: but i read over the weekend that we are going nowhere with north korea. that north korea is going just say no. what are the consequences the likes of which through -- you throughout history of ever suffered before, if iran or their allies say no to the president? first and foremost, the oil benchmark trade is slightly up following this news. the second point i would make is that the u.n. ambassador as well as secretary of state have both argued that this potentially, the pulling out of the iran nuclear disarmament deal would force iran to go through the united

right now, kevin cirilli joining me back from london, and finally back here in the united states. just to follow up what president trump is saying here at his cabinet meeting. kevin: we've got chairman powell, house of representatives, and meanwhile, new developments coming

right now, kevin cirilli joining me back from london, and finally back here in the united states. just to follow up what president trump is saying here at his cabinet meeting. kevin: we've got chairman powell, house of representatives, and meanwhile, new developments coming out of the white house. president trump saying that the auto industry is going to be the focus of a meeting with european union commissioner juncker next week when he visits the white house on the 25th. this comes following what the e.u. has done with regards to japan, the largest type of trade deal we've seen, and quite frankly, coming at its time in which the european union is looking to respond directly to the protectionist strategy of the trump administration trade policy. so a lot of moving parts on this. we should note the e.u. has said that they would be willing to potentially look into the auto tariff, but doesn't like that at all. >> we have the ongoing trade renegotiations on nafta with canada and mexico. we're now hearing that they're getting closer in trade negotiations with mexico, and, of course, t

shery: let's bring in romaine bostick, along with kevin cirilli, the coanchor in london, welcome. we got started a bit early today because german powell finished a bit earlier. that we start with you, the markets have returned positive and reacted positively to what the fed chair had to say. >> you saw the markets climb from the depths and eventually into the grain, even the tech stocks, which has been the to come only on managed in and a lot of that is folks are starting to look at what powell said in starting to interpret the possibility that we might not get the same paid of rate -- pace of rate hikes but there was some reinsurance about stability in the economy, that the trade affects people have been worried about may not powell ande to though he is feeling things, and that is pushing a little bit more of it into the market. kevin: i thought it was interesting at the end of the hearing, senator donnelly, a senator from indiana, raising the point with fed chair powell about the impact that president trump's policies on trader having in the agricultural sector and that he has c

we want to dip in with our chief washington correspondent kevin cirilli and come back to richard haassassador has a book that is even more prescient now than at its release a year and a half or so ago, and that is a role in disarray. kevin, mr. bolton will attend north rotary drive today in the pentagon. how this rate is the conversation between the national security adviser and general mattis in the pentagon? have been rumblings that the president is disappointed in general mattis. escalates in this terms of russia, we should note that the president has backed off his claims that russian resident vladimir putin would be at the white house at the end of the year. now the white house is saying that will not happen until the first week of next year. tom: i saw a tweet out that this happened on monday, this happened, and at the bottom, it said "it is only wednesday." is this a unique week to you? kevin: honestly? no. this is trump world. there is no question in terms of how quickly things moved yesterday, it was quite interesting to see the european commission president jean-claude uecker

trump through his campaign and into the white house is kevin cirilli.ember an evening not too long ago when the democrats took an important congressional district in southwest pennsylvania. that means the president has to pay -- has to play to the domestic audience. how will he play to his constituency that he needs for the midterms and in 2020? president two hours ago tweeted out that our relationship with russia has never been worse. he criticized the obama administration and put the blame for that. i agree with what margaret said. trump is a pending -- tradition. in addition, much focus has been placed on the 2016 meddling issue and that will be something that senior administration officials said they will be discussing. there is a host of other energy topics. the meeting will include the russian the trolley him dependent economy. and how that will play with whether or not the president works to get the sanctions removed from russia. francine: kevin, what kind of reception will president trump get back home? said that the president needs to address t

trade deal with china while president trump called a cease-fire with the eu we will speak with kevin cirilliext. this is bloomberg. ♪ >> president trump visiting iowa, missouri, and illinois talking jobs and trade. let's get more from our chief washington correspondent. on the heels of his announcement on the european union, this is kind of a victory lap especially as the president makes clear to farmers that more of their soybeans will be purchased by european. again, farming great those are the green hats the president is passing out at campaign style rallies the president is holding ahead of these elections. you are right the president is trying to frame this as a victory lap of sorts following yesterday's meeting in which they say they have opened up the market to soybeans, sending a signal to the business community and the agricultural sector, which has been a bit cautious and inpatient as the president has isd, with regard to how this . regarding lng exports, the president has not said this publicly but he is tying this directly to russia. the case they're making to republicans on capi