. ♪ leigh-ann: let's check in on the bloomberg first word news. i'm leigh-ann gerrans.pec and its allies have reached a deal to inject more oil into the global economy. they overcame a split that threatened control of the market. saudi arabia met the united arab emirates halfway on its desire for a more generous limit. they will start pumping more oil next month. in germany, devastating floods have changed the dynamics in elections. it has left conservative front-runner armin laschet vulnerable in his bid to replace angela merkel and created an opening for the green party. the death is approaching 200. senate majority leader chuck schumer has set up two major tests for democrats this week, hoping to have a first test vote on the bipartisan infrastructure bill happening this wednesday. that is the same day he wants all senate democrats to get behind a much bigger spending bill that would carry out the bulk of president biden's agenda. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countri

leigh ann, i want to go to you. this is also strategical intended to combat what we have heard from republicans in this morning in the last 60 minutes who continue to acuse nancy pelosi of playing politics here. no surprises from the gop but what might be interesting, leigh ann, is the way we will see i think some of these officers take aim pretty directly at these accusations of politics when it comes to the insurrection. we heard that in some of the interviews the officers have done separately aside from congress. talk us through what you're hearing from your side. >> reporter: that's right, hallie, and because of this politics of it, the leadership of the republican party is walking this very fine line. they opened a press conference just moments ago, praising the police officers who were there that day, but they are trying to distract from the larger issue. they are talking about security failures and specifically they are blaming speaker nancy pelosi for those security failures and what happened on january 6th.

leigh ann: everyone is waiting on what g.o.p. leader kevin mccarthy is going to do.e's allowed five seats on this committee. speaker pelosi has appointed her eight members. one of them is including representative liz chaney, a republican. and mccarthy has not said if he's going to appoint republican meers to this committee but our sources on capitol hill are telling us that he is, in fact, going to do so and he is currently talking to his members to determine who he is going to appoint. so who he aappoints will set the direction and tone of the committee. he has a wide swath of republicans in his conference that range from january 6 deniers all the way to republicans who voted to impeach the former president because of january 6. so whatever he chooses is going to be heavily scrutinized. is he going to take this seously or is he going to make a mockery of it? and my sense is that it's probably going to be somewhere in the middle, he's going to have a mix of members. because representative, for example from, rodney davis, the head of the house administration committee

>> leigh ann caldwell, thank you very much. that does it for this hour. balart reporting for craig melvin. we thank you for the privilege of your time. andrea mitchell will talk with vivek murthy about the covid spread that when "andrea mitchell reports." i'll see you tonight on noticias telemundo. >>> good day. this is andrea -- good day, everyone. this is andrea mitchell reports in washington, where the president tomorrow will be announcing a vaccine requirement for federal workers as a result of startling news over the delta variant in the next few days which experts say is 1,000 times more transmissible even for vaccinated americans than the alpha virus. the cdc is recommending that even vaccinated people wear masks indoors in highly transmissible parts of the country. that is reversing its guidance from two months ago that fully vaccinated people can go mask-free indoors and it's a major setback in the efforts to project success against the virus. the cdc is saying all k through 12 student should wear masks in schools raising new concerns with some p

." ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.enate majority leader chuck schumer has planned a vote today on whether to begin debate on the $759 billion infrastructure bill. senators in both parties have not agreed on the measure yet. the vote puts pressure on the bipartisan group negotiating the measure, but also runs the risk of an embarrassing defeat. the u.s. government is warning americans to avoid traveling to the u.k. because of a surge in coronavirus cases involving the highly contagious delta variant. the warning came on the u.k.'s so-called freedom day, when pandemic related restrictions were lifted. ubs posted better-than-expected earnings in the second quarter. the largest bank in switzerland benefited from a jump in new assets and income. still, ubs warned it expects a slow down during the third quarter. the bank has pivoted away from volatile investment banking, now focusing on helping the rich manage their fortunes. e-commerce platform for barbecue grills and related products backed by eli and peyton manning is goi

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.ate majority leader chuck schumer is on track to fail in his attempt to start debate on an unfinished bipartisan infrastructure bill today. republicans say there is no way a deal will be reached in time, and they won't vote to open debate until there is agreement. -- remains in jail in los angeles after being arrested. he's also accused of obstruction of justice and making false statements to federal agents. barrack's lawyers say he is not guilty. according to a survey by workplace firm luckily, only 7% -- only 17% say they want to return to work full-time, but they want an average of about $7,000 more to go back. the milwaukee bucks have won their first nba title in 50 years. giannis antetokounpo led in game six of the best-of-seven series and was named the most valuable player. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ >> with our bipartisan

leigh-ann: with the first word news, i'm leigh-ann gerrans.pec allies have reached a deal to inject more oil into the economy. saudi arabia met the united arab emirates halfway in its demand for a more generous output limit. the opec+ coalition will start pumping more oil next month. prime minister boris johnson's plan to get the u.k. back to normal is in disarray. pandemic restrictions are ending here in england today, but covid cases are rising more than any other country in the world. there were almost 48,000 new cases reported yesterday, plus johnson and chancellor rishi sunak have to reverse a decision after first refusing to self-isolate, despite being told to do so by the nhs. the u.s. and european union say cyberattacks conducted from china have compromised the microsoft exchange server, affecting thousands of computers and networks worldwide. the eu denounced the attacks and called on china to stamp out activities undertaken within its borders. robinhood hopes to raise up to $2.3 billion in an ipo. the trading app company at the cente

>> well, i think that to leigh ann's point, it certainly is going to put the question to whether theyfor more information by either the house oversight committee or the january 6th select committee or some committee in congress that wants to hear their version of events and whether that is going to have them comply or raise a legal fight or whether that is going to result in testimony is a good question to this point, but it is not just what the president did between november 3rd and january 6th, but what the allies did to help him to overturn this election, and remember that 150, and about the 140-some, and leigh ann will know the better number than i do, to reject the electors for the states that had voted for biden because of the unsubstantiated vote of something wrong that happened, and that is all part of president trump's plan to find a way to hang on to the power and overturn the election so he did not have to turn over the office of the presidency to the person who beat him at the polls. >> peter baker, and leigh ann caldwell, we appreciate your reporting. >>> we continue to f

i'm leigh-ann gerrans.his is bloomberg. ♪ chair powell: the committee continued to discuss the progress towards our goals. we also considered considerations about how we might be adjusted if economic conditions change. jonathan: good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action in your equity market. a quiet one for the s&p. unchanged through much of this morning, positive 0.2%, up eight points so far. yields are higher by three basis points to 1.2643%. euro stronger, approaching $1.19 again. crude, wti $72.64, up 0.35%. tom: on dxy, a 91 handle there would be of note. we haven't mentioned amazon. we've got important earnings. jonathan: coming up a little bit later. and a headline on citi, reinstating the mask guideline in offices after the cdc update. i do wonder who is going to follow here, not on the mask mandate. it is the things they do have a little bit of flexibility on. return to office plans. i wonder how flexible they will be about that and whether

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. the first time, nato is calling out china for cyberattacks. the u.s., the u.k., and their allies have formally blamed the attack earlier this year on hackers affiliated with the chinese government. it is foreign secretary dominic raab says that beijing will be held to account if it does not in this "systematic cyber sabotage. opec and its allies have reached a deal to inject more oil into the global economy. have overcome a split' that threatens thes cartel control of the market -- a split that threatened the cartel's control of the market. the opec+ coalition will start on the oil next month. prime minister boris johnson's plan to get the eu back to normal -- the u.k. back to normal is in disarray. pandemic restrictions and today, but covid cases are rising more here than anywhere in the world. he and the health secretary both had to reverse decisions not to self-quarantine after being advised by the head of the nhs. global news 24 hours a day, on air and on bloomberg quicktake, powe

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. the u.s.as voted to move ahead with that infrastructure package just hours after a bipartisan group of senators and president joe biden reached an agreement on a $550 billion spending plan. lawmakers expect final passage to last into the weekend and possibly even next week. meanwhile, senators are looking at cryptocurrency taxes as a way to help fund the infrastructure plan. the proposal with those -- proposal would impose fees on cryptocurrencies for the irs. it could raise up to $28 billion. google says it will push back its official office return to mid-october. plus, workers at its campus will be required to be vaccinated. lyft is postponing its return date to february. masks are required at most apple stores in the u.s. it was one of the most anticipated listings this year. robinhood raised $2.1 billion in an ipo priced at the low end of the market range. that gives the trading company a market value of just under $32 billion. robinhood shares begin trading today. citigroup's asia-pacific

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.ate majority leader chuck schumer is on track to fail in his attempt to start a debate on an unfinished bipartisan infrastructure bill. today, republicans say there is no way a deal will be reached in time, and they won't vote to open debate until there is further agreement. trump allied tom barrack remains in jail in los angeles after being arrested on illegal lobbying charges. the founder of colony capital is accused of unlawful efforts to advance the interests of the united arab emirates in the u.s. he's also accused of obstruction of justice and making false statements to agents. his lawyers say he is not guilty. those with spikes -- that was not the case in the earliest month of the national inoculation drive. verizon beat expectations for wireless subscriber growth in the second quarter. promotions for used phones helped the carrier -- for new phones helped the carrier push its new 5g service. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 270

>> leigh ann, i feel like i am asking you to dump the reporter's notebook on us. >> thank you, geoff. >> and so say it goes through the house, and you have progressive interests in the house, and what is the dynamic there? >> yeah, it is going to be interesting, because the progressives say they will vote for this legislation if there is a $3.5 trillion human infrastructure legislation close behind it or in the house chamber at the same time and that is including paid family leave, and child care and elder care and two years of community college, and two years of preschool, and a lot of things that the progressives want, and they are wanting strong climate change proposals or initiatives to really tackle the crisis right now. so, you know, progressives have not endorsed this yet. they will see it is, but most key to them is this other $3.5 trillion human infrastructure bill that they want alongside this bi-partisan transportation bill. >> thank you, leigh ann caldwell. >> thank you. >>> and now, coming up, how the cdc's new mask guidance is being played out across the country where it

i am leigh-ann gerrans. bloomberg. ♪ ♪ >> we are going to go for the [indiscernible] the teams are working hard to file a bla, balanced license application. we will do this over the next two to three months before the end of the year for sure. jon: there is the astrazeneca ceo. good morning, alongside tom keene and lisa abramowicz, i'm jonathan ferro. price action shaping up as follows, jobless claims out 8:30 eastern time, the s&p 500 positive about .1%. yields are higher by three to four basis points. 1.2 693. euro-dollar firmer, stronger by .25%. approaching 1.19. tom: i have something new, a new look today. which is i put in my pocket on the way to work today a mask. jon: how do you not been using that in that uber? tom: i have not been using that in the bentley, and we have the shield. jon: i'm not sure that's in line with protocol, but carry on. tom: but there is the mask. jennifer news oh joins us now to tell me when i will put the mask on as well. jennifer, as simple as i can, i'm confused, will i be

nbc's leigh ann caldwell is on capitol hill for us. how the senator from new york is going to meet that timeline. as of this moment, as i understand it, neither of the bills have actually been written. >> reporter: you understand it correctly, craig. no bill has been written. let's separate these bills. the reconciliation bill, the $3.5 trillion democratic bill with all of their human infrastructure and big priorities, well, that legislative text cannot be written until the process is actually started. that's how the rules of the game work because they're using this special reconciliation budgetary process. so, they have to take votes first. and then they can write the legislation. as far as the bipartisan bill is concerned, that's not how it works. it's going through the regular legislative process and they do need legislative text but they can open debate without legislation, but republicans with balking at that saying, no, we are not going to start this process until the legislative text is finalized and agreed to. they don't have a

leigh ann, we have heard the new attack line of pelosi republican, and also about the phone call when he heard that she was going to nix two of his picks, and help us unpack this. >> it is not a traditional committee, and you have two republicans on the committee of course, representative adam ken zinger and liz cheney who are like-minded on the claim that the false claims that the election was stolen or that he did not lose the election, and so this is one that is not commonly seen up here on capitol hill. that group of nine members just broke up from a preparation meeting ahead of tomorrow's first committee hearing regarding the capitol police officers and the rank and file d.c. metropolitan police officers. and our colleague haley talbot caught up with adam kinzinger, and he said that leader mccarthy can say whatever he wants to say, and that the remarks are childish, and he is honored to serve. so this is interesting spectacle as far as the members are concerned. and meanwhile, we will see the emotional and raw testimony from these rank and file capitol police officers who are goi

we start in washington with leigh ann caldwell on capitol hill. leigh ann, brand new reporting on who is giving opening statements tomorrow and who else speaker pelosi is considering adding to the committee. >> reporter: good morning, hallie. representative benny thompson, the top democrat on the committee is giving an opening statement tomorrow and so is representative liz cheney, a republican who is on this committee, of course, she's his pick by speaker pelosi. another member, representative jamie raskin told me the other day that representative cheney is not a formalized role that she is going to be the ranking republican, but it seems obvious, because she is the top republican, she was at the time the only republican, now we have a second, representative adam kinzinger, whose sources told me he wants this position. he wanted to be on this committee. he's like-minded on this issue as representative cheney and even speaker pelosi. so that position was formalized just yesterday, and all of this is happening as they are set to hold their first he

i want to bring back mike memoli, sahil kapur, and leigh ann caldwell. mike, give us a sense of what president biden is up to today in ohio as he makes this sales pitch for the infrastructure bill we've been talking about, the infrastructure proposal. and i also understand that the white house has released a statement about everything that's been happening with this january 6th select committee. bring us much speed on that front, too. >> reporter: i'll start there. while you were speaking to the senator a few moments ago, i have got this statement saying that the president has made clear that the events of january 6th deserve an investigation to make sure it never happens again. that just in, reacting to the speaker's decision to veto some of the members on that select committee is entirely in keeping with how this white house has approached this entire thing. the president could have established a presidential commission on the events of january 6th, but the white house's standard line has been that they are deferring to the speaker. they say the congre

. >> joining us now nbc news capitol hill correspondent leigh ann caldwell.gh ann, you were in the room for yesterday's hearing what did you find to be the most surprising or important moment? >> reporter: good morning, elise. i was in the room for most of that yesterday, and it was really hard to sit there in this very serious, somber sad room. but watching these officers watch their video body cam footage was probably the hardest part for them, having to relive this experience again. what came out for me, out of this hearing is that the point of this hearing was not only to tell these officers' stories to let them tell their firsthand accounts of the front lines of that day, but also to refute all of the january 6th denying that has been going on among the republican party up on capitol hill, and conservative media. and that was an important thing to get on the record for this committee. and also to push back against these january 6th deniers. and so, while for all of us who cover this very closely and watch every incremental new piece of information that c

i'm leigh-ann gerrans.ympics, an american gymnast has won the women's all-around final. this came today after simone biles withdrew from the come petition -- from the competition. china may be preparing for a period of prolonged tension with washington. beijing's new ambassador to the u.s. is a veteran diplomat known for pushing back against western criticism. he most recently served as vice foreign minister. he told reporters he would work to put u.s.-china relations back on track. the new chair of the federal trade commission is vowing to return the agency to its trust busting roots. she told reporters she intends to use the ftc's full arsenal to take on companies preventing competition. she also signaled she is not afraid to take on risky cases that officials have shied away from in the past. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. alix: thanks so much. robinhood

. ♪ ♪ leigh-ann: this is "bloomberg markets." i'm leigh-ann gerrans.king at the print support room. an exclusive interview with socgen chairman lorenzo -- lorenzo smaghi is at 11:30 in new york. high drama off the coast of hawaii today. a boeing 737 cargo jet made an emergency landing in the ocean near honolulu after reporting engine trouble. according to the faa, the coast guard rescued the two crew members aboard. in may, the u.s. trade deficit grew to the second largest on record. the gap in trade of goods and services increased to $71 billion. american consumers stuck at home during the pandemic have been buying even more goods that have sent imports to repeat records. opec and its allies are locked in an intense diplomatic standoff, trying to resolve a dispute that threatens to send oil prices higher. the cartel appeared to be on the verge of an agreement to boost output late yesterday, but then a dispute broke out between the united arab emirates and the leaders of the coalition, saudi arabia and russia. global news 24 hours a day, on air and on

joining us now is nbc's garrett haake and leigh ann caldwell on the hill.'ve all been withdrawn after pelosi's veto. let's listen to what she had to say yesterday. >> i am absolutely confident that we will have a non-partisan investigation, that it will look at the facts. that it will go wherever the facts may lead. there are three members that the minority leader proposed that speaker did not object to. she has objected to two members and the rhetoric around this from the minority leader and from those two members has been disgraceful. >> garrett, this puts her in a unique position, certainly, as the leader is about to come out. >> cheney's indispensable now, and she was before hand. we have word about just how valuable she has been and how seriously she was taking it and as the only remaining republican on the panel and i'm not convinced she'll be the only republican on tuesday. this is bipartisan and this isn't democrats going after donald trump and this is a bipartisan search for the truth and that's valuable. we hear now, leigh ann, that you confirmed

moscow, but let's begin with the action right now in washington with nbc capitol hill correspondent leigh ann caldwell and nbc correspondent peter alexander co-host of "weekend today." peter, let's talk about what the white house wants to get with the bipartisan infrastructure bill and the new plan through congress on to the desk of the president to rack up a big legislative win before the august recess and september and how can they get both at the same time with different coalitions. >> andrea, exactly right. that is what the president and the white house is facing at this time. the president within the next hour will be going behind this effort after going to meet with the senate democratic caucus on capitol hill to focus these $4 trillion in new spending as it relates to the first infrastructure package and that bipartisan deal that has $600 billion in traditional infrastructure roads, bridges and other items beyond that and also this $3.5 million and while we don't have specifics on $3.5 trillion and what exactly would be in there, this is what the president has referred to as items that

leigh ann, stand by.ow heard about more criminal charges coming down on someone close to the trump administration, as 2017 trump organization committee chair tom barrack was indicted in a new york federal court on seven counts yesterday. barrack is charged with acting as an unregistered foreign agent, illegally lobbying the trump administration on behalf of the united arab emirates. the charges also include obstruction of justice and lying to the fbi. barrack becomes the eighth member of the trump team to be indicted on criminal charges and joins paul manafort and rick gates as other trump associates charged with not disclosing his role in working for a foreign government. this is apparently the third one, which makes it a trend. barrack will be held in the l.a. county jail until his bail hearing on monday. nbc's pete williams joins me now to break down the charges and i guess my question is, what exactly was barrack doing and why would the uae want to use him in the first place? it's not as if they canno

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.enate majority leader chuck schumer has locked up plans for a cliffhanger vote today on whether to begin debate on the $579 billion infrastructure bill. senators in both parties have not agreed on the measure yet. the vote puts pressure on the bipartisan group negotiating the measure, but schumer also runs the risk of an embarrassing defeat. the u.s. government is warning americans to avoid traveling to the u.k. because of a surge in coronavirus cases involving the highly contagious delta variant. the warnings came on the u.k.'s so-called freedom day, when penn the mac related restrictions were lifted -- when pandemic related restrictions were lifted. shares of netflix this wrapped up their worst half in five years. that is after first quarter subscriber growth fell short of expectations. five years ago, netflix shares recouped a 20% loss with strong subscriber results that helped ease concerns. after the close today, we will get netflix's second quarter numbers and forecast for the th

leigh ann caldwell has the latest from capitol hill.eigh ann, these house and senate bills are both smaller than what democrats were trying to pass before. does that mean they're going to get more support? >> it's a good question, steph. the senate is proposing a slimmed-down voting rights legislation. it could be released as early as next week. and now in the house of representatives, ten house democrats sent a letter to speaker pelosi asking for something similar. they want to take out the campaign finance and the ethics reforms and other things from for the people act and focus just on access to the polls. now, this new push is coming as progressives are really pushing leadership to do it. also some of these members are facing tough redistricting and tough re-elections. they say time is of the essence. senator raphael warnock of georgia who is leading this push in the senate said that voting rights is just as important as everything else the senate is focused on right now, including infrastructure. let's take a listen. >> passing vot

i am leigh-ann garrens. this is bloomberg. matt: leigh-ann, thank you very much.t word news." president biden took to the south lawn of the white house to speak in celebration of the fourth of july, independence day as we call it. i'm not sure if it is called that in the u.k.. he hailed the u.s. vaccination program, and efforts to control the pandemic. >> we never again want to be where we were a year ago today. so today, while the virus has not been vanquished, we know this. it no longer controls our lives. it no longer paralyzes our nation. it is within our power to make sure it never does again. matt: joining us now is dr. joshua sharfstein, johns hopkins bloomberg school of public health vice dean, and certainly some kind of victory lap has to be granted to the president. he has done an incredible job of rolling out all of the vaccines that the previous administration gathered up. is there still a lot more work to be done? dr. sharfstein: there certainly is more work to be done. i think it is appropriate, given how painful the last year and a half has been, fo

nbc's leann leigh ann caldwell. >> what this endorsement from this group of bipartisan members does iss, that's how many members in the problem solvers caucus there is, could potentially vote for the bipartisan plan, and you mentioned the trickiest part, in their statement they want a standalone vote on this plan, and we know nancy pelosi, chuck schumer, and president biden have linked the bipartisan road infrastructure plan with a multi-trillion human infrastructure plan, and so this is going to be very difficult still for these leaders to get both of these packages through congress, but it is a very good sign for the bipartisan plan that this many republicans have come out in support of it, craig. >> this problem solvers group, it's the most moderate parts of both parties. where do things stand with the bill with regard to the more progressive part of the democratic party? >> yeah, this is the big question. if they can get the 29 republicans to vote for it in the end, well, that means they can lose 29 a couple more democrats. i have been talking to progressive sources today and they

. >> i want to underscore something that leigh anne said. these are not central moderates. they have reputations in both parties. some republicans will attack them now, but the truth is a lot of the republicans that did vote to certify the election result earlier this year are happy to see adam kinzinger and liz cheney on the committee. some 35 republicans voted to establish a january 6th commission. so even though some republican leaders and other obviously rank and file republicans are attacking them, there are a decent amount of republicans that are glad that they will be on the committee. they are holding democrats honest. making sure this is not a part an exercise. this is too important to make this a partisan exercise. we have to get down to what happened and we should do it in a bipartisan manner. >> i'm just wondering who. i have not heard ewe don't really hear republicans speak out to say "this is great. it has been like this deathly silence from republicans on this. >> republicans these days say something privately that they wouldn't say publicly. especially those

leigh ann, before we get to the committee, the house speaker did not rule out adding more republicansthe committee, and who might they be? >> that's right, geoff, she did not rule it out. and she said that the committee is now bipartisan, and she said it is nonpartisan, and of course, one republican on the committee representative liz cheney and conversations, and discussions happening, our sources tell us, about adding another republican perhaps or more. the biggest contender seems to be representative adam ken zinger and an ally of representative cheney, and outspoken about the lies told about the election and january 6th consistency, and our colleague, haley talbot, she caught up with speaker pelosi as she was leaving her office and asked her if she thinks that adam kenzinger would make a good member of the selection committee and she said that everyone else is, and so she is getting a lot of input from the members who think that he would be a good addition on the committee, and other news that republican staff members could be added to the committee, and told that former congressm

. >> and leigh ann, back to the hearing itself, and what we're going to expect next. is there, do you sense any movement by kevin mccarthy now 24 hours later realizing, i mean, i don't quite -- i don't quite understand his stunt of pulling republicans from another select committee as if that's going to solve his political messaging problem. is he rethinking this strategy? >> reporter: yeah. well, he did pull republicans from another select committee on eck quitability, and disparities, and economic situation. you know, mccarthy is in a very difficult place right now. he is not going to have a seat at the table. you know, he -- he lobbied the senate very hard not to, for these republican senators not to move forward with this commission, this non-partisan commission. and he was successful. the republicans in the senate blocked it, and now everything that he was worried about is actually coming to fruition, and now he can't control the messaging. now he can't sit in on those committees. now he has no staff to direct where these committees go, and so he chose the, you kn

this is bloomberg. ♪ >> with the first word news, i am leigh-ann gerrans.d allies are trying to resolve a dispute blocking measures to ease oil prices. the potential deal to increase production fell apart yesterday. the united arab emirates is at odds with the cartel leaders, saudi arabia, and russia. if efforts fail today, the world may not get the extra oil supplies it was expecting. johnson & johnson have said it's single shot coronavirus vaccine neutralizes the delta variance. the vaccine is also said to provide durable protection against infection more broadly. it is expected -- delta is expected to become the dominant strain in the coming weeks in the u.s.. richard branson plans to be jeff bezos into space. he will fry -- fly on july 11 along with five others. that is nine days before jeff bezos plans a trip to space aboard a rocket made by his company, blue origin. he and his crew will be joined by an 82-year-old, one of the first women to trade -- train for spaceflight but never made it to a mission. global news, 24 hours a day, on air and on "bloom

and leigh ann caldwell is joining us from capitol hill.t they got to meeting with senator manchin and they did not bring up the filibuster at all apparently. >> same. but they said that a lot of people were talking to him about the filibuster, and so what the texas democrats say they are talking to senator joe manchin about is actual legislation that could potentially pass the senate to restore and ensure voting access at the polls, and something that senator joe manchin has been talking about as the john lewis voting rights act which is a restoration of the 1965 voting rights act that the supreme court gutted years ago and something that senator manchin says that he supports, but there are problems with that, geoff, and including that the house of representatives has not passed that legislation, and has not written the text the of the bill yet, and there is still not 60 votes in the senate for that if it should be brought up in this senate. so while people are talking about legislation and moving this legislation forward, the reality is t

. >> nbc's leigh ann caldwell is on capitol hill. we expect to hear from speak e pelosi next hour. imagine she gets questions from you and colleagues in the press corps where democrats plan to go from here next. >> she sure will, hallie. while we know they're going to continue their work and perhaps even come back in their august break for another hearing perhaps, we don't know specifically what topic they're going to tackle next or what direction they're going to head. we do know that representative cheney, one of the two republicans on that committee, says that she wants to know what happened every minute at the white house on january 6th, so we can be sure that the white house and the former president is going to be a focus, and last night on fox news, jim jordan was asked if he spoke with the former president on january 6th, something that was rumored but was not confirmed. he said that he did. so liz cheney said jim jordan will likely be a material witness so that is likely to play into that. i asked a community aide if that is a factor. they said they don't have comment on th

joining me now is nbc news capitol hill correspondent leigh ann caldwell and nbc editor benjie sarlwell holdup in terms of writing the legislation itself? >> geoff, first let's start with the big $3.5 trillion reconciliation package. the way that process worked, because it's not the normal legislative process, they actually need to start the process with votes before they can even write the legislative text. that is normal, that they don't have the legislative written. so let's put that aside for a moment. as far as the bipartisan plan is concerned, schumer wants to start that process next week because he's running up against a very difficult timeline where he has a lot of things backing up and it takes a lot of time to pass things on the senate floor. but some of the republicans in these negotiations say they aren't going to start this process, they're not going to agree to that until they have an agreement on legislative text and they aren't there yet. one of the biggest holdups is this idea of funding for irs enforcement. they are going to put money into this legislation to enforce p

. ♪ >> with the first word news, i am leigh-ann gerrans. opec-plus coalition is trying to find a way out of a block of increase in oil supply. one of the cartels key members, the united arab emirates, is at odds with saudi arabia and russia. if the disputes cannot be resolved, that means global economy won't get the extra oil it was counting on and that could lead to higher prices. london is once again europe's largest share trading center. the city moved to back ahead of amsterdam in june. it is the first time this year london has been on top. brexit pushed much of the city was of all you to the continent. paris was the third-largest venue. trop -- schwab will take a $200 million charge linked to an sec investigation. the inquiry relates to disclosures around portfolios and products. arrive rule broke rated -- there rival brokerages td ameritrade. that gave america's discount broker more influence over the industry pioneered nearly half a century ago. a group of republican senators one president biden to end the trade were initiated by don

leigh ann caldwell. thank you very much. appreciate your reporting.ylvania who is an excellent person to talk to about the final point that leigh ann was making right there. congresswoman, thank you so much for spending time with us today and i'm curious. pennsylvania is a state that is changing, has been affected for sure as we faced this sort of rural, urban realignment under president trump. what's your sense of passing the bipartisan piece of this means for some of these swing districts in particular in your state where there are members who only narrowly won and who really would like to be able to show results to their constituents? >> kasie, it's good to be with you and i want to thank you first for the coverage for the florida families. may god bless them and the first responders there over the course of this weekend we were reminded how difficult and heroic the work is. we lost a firefighter on july 4th here in our area in lower marian which i'm sure you're familiar with since you're from wayne, pennsylvania. god bless those first responders.

leigh ann caldwell, thank you very much, we appreciate it.ncloss, and he was a major in the reserves. thank you for being here. i want to start with the possible furloughs for capitol police. it says a lot that the politics of this are such that the people that were throwing themselves in front of -- they were literally beaten by american flags to protect all of you on that day now may have to go without pay because of political infighting. what is your response to this reality and what needs to be done here? republicans are on track to vote to defund the police for a second time in this congressional term. they have already failed the american people and capitol police by trying to undermine a bipartisan objective to understand the insurrection on january 6th and that was an attack on our democracy and that would have provided transparency for the american people and now they're failing the capitol police again by threatening to withhold funds at the people's house. >> congressman, do you think the capitol is or would be able to survive in a

leigh ann caldwell on capitol hill and mark murray.pect this news conference to begin any minute. it's slated to start at the top of the hour. we know sometimes house speaker pelosi runs late. we don't have any indication that will happen right now. as you and your team pointed out there's a couple of big questions for her as we come on the air. number one, specific reasons for booting jim jordan, congressman banks as well. and, second, is she going to fill those seats? and if so, with who? do you have any insights from your conversations with sources? >> reporter: that's right, speaker pelosi threw a bombshell in the process when she said she was not going to approve two of leader mccarthy's choices to serve on this select committee. speaker pelosi was mostly silent yesterday. she did not come and speak to cameras. she did not really talk much to reporters. instead, representative liz cheney, the only republican currently serving on that committee because she is a speaker pelosi choice, she's the one who came and spoke to reporters sa

let's go right to nbc's leigh ann caldwell on capitol hill. why is the fencing coming down now?reporter: good morning, chris. so, the u.s. capitol police board, which is the governing body that oversees security up here on capitol hill, has made the decision that this, what they call incremental change, can take place. now, the black fencing that has surrounded the entire capitol complex or at least the capitol building, has really been a symbol and a reminder of what took place on january 6th, and it has become a major political battle as well with republicans charging house speaker nancy pelosi with keeping the barrier up for political reasons, as a reminder of what happened on january 6th. speaker pelosi would always point to security and saying it's up to capitol police to decide when they feel they are safe enough to take the fence down. now, the fence has been reimagined over the past six months. it has been moved back, and it has been shortened, but this taking down of the entire fence is a big development as far as security is concerned up here, chris. >> well, speaking

i'm leigh-ann gerrans. this is bloomberg. ♪ romain: i am the tanglewood music festival.egin rehearsals for the july 4 boston pops spectacular. this will be the first event at the tanglewood. the symphony orchestra will be performing we will have the singing sergeants of the u.s. army as well in the foothills of the berkshire hills. it will air sunday, july 4 at 8:00 p.m.. this is bloomberg. >> we observed something interesting during pandemics and wars. both have a loss of life. in pandemics, there is an increase in wages and it seems like there is hesitancy to go back to in person work after pandemics. jonathan: the chief economist from new york city. alongside tom keene, lisa abramowicz, i'm jonathan ferro. 4311 on the s&p, six days of gains. quite a winning streak, the longest since february. 143 56 -- one point 4356. -- 1.4356. the yen weakened as well. andrew pekosz with johns hopkins bloomberg school of public health . l.a. with a very cautious tone. maybe we should have the vaccinated wear masks again. were you surprised by that news? andrew: i wasn't surprised. i

moscow, but let's begin with the action right now in washington with nbc capitol hill correspondent leigh anneter, let's talk about what the white house wants to get with the bipartisan infrastructure bill and theew

i'm leigh-ann gerrans. housing starts in the u.s. rose in june by more than forecast.tial home construction was up 6.3% last month to an annualized rate of more than 1.6 million. that suggests that residential building is indeed stabilizing despite lingering supply chain issues and labor shortages. nasdaq has teamed up with 3 wall st banks -- with three wall street banks. a new platform will give companies the ability to manage their stock transactions through a global marketplace. opioid maker johnson & johnson and three drug distributors are expected to come out with the terms of a summit this week. thousands of lawsuits accuse the companies of fueling a public health crisis in the u.s. more than 40 states are likely to sign on to that deal. that is your bloomberg business flash. alix: thanks so much. tech results dominate earnings the next few days. ibm got things off smoothly after the bell yesterday. dave wilson is looking at that, and netflix after the bell today. dave: ibm's results are really a signal of the shift under the new ceo to cloud computing, specifica

leigh ann caldwell, thank you. >>> congressman, thank you for being with us this morning.s that have been mentioned, based on our reporting, would you welcome any of those people to join us in this investigation? >> well, i'll let the republican leader makes his appointments. that is his prerogative. i have served with some of these members on his committees so i hope he appoints people who will work with us in pursuing the truth. that's the only objective here, to find out what happened, find out how we can prevent this, and make sure that it never happens again. it shouldn't be that hard in pursuit of the truth. that's what we hope the republican leader who appoints people with that focus. >> you point out thats kevin mccarthy's prerogative to choose the residence. it's also speaker pelosi's prerogative to veto any of those potential picks. is it possible she already has? where does this process stand? >> the republican leader can make his nomination, and we'll go from there. again, we just hope it's folks guided by following the truth. that's what we want out of this co

. >>> joining us now, mn msnbc's correspondent leigh ann caldwell. does this have some teeth to it?reporter: he has no obligation to appoint or keep members on this committee at all. speaker pelosi wrote in the legislation that congress passed to create this select committee that she can override any choices. that mccarthy makes. it's ultimately her decision who sits on this committee. so what mccarthy did, he stuck with his members. he was not interested in participated in this committee anyway. there was lots of questions if he was even going to appoint anyone. he ended up doing that, and so, yeah, he absolutely can pull his members, and as you said at the top, this is an unprecedented move by pelosi. also in unprecedent times, congress has really been broken since january 6th, and this is a further manifestation of that, jonathan. >> unprecedent but also maybe predictable? walk us through how this plays out now. let's say mccarthy refuses to put any members on the committee. does he create his own committee or working group to come up with their own findings or does he simply say

. ♪ leigh-ann: -- laura: with the first word news come on laura wright.sident biden -- first word news, i'm laura wright. president biden told a town hall there will be near term inflation because the economy is still improving. still, he says that restaurants and others any hospitality industry take longer to recover because of hiring difficulties. senate republicans have blocked bait on the still unfinished infrastructure plan -- blocked debate on the still unfinished infrastructure plan. they struggle to complete details of the $759 billion package. moderate republicans say they still need more time to fill in the details. they say by early next week, there should be enough votes to bring up the proposal. even the most conservative estimate, 1.3 million , could be more than double u.s. in india. they were derived from local government data. at&t posted second-quarter revenue and profit beat estimates. the company added more than 1.1 million wireless customers. analysts expected about 300,000. meanwhile, the warner media unit had a 31% increase in reven

>> joining us are leigh ann caldwell and benji sarlan. you work in the capitol every day.ast 6 months. >> reporter: i've governored capitol off and on for the past 15 years. it is extremely different from last 6 months ago. hard to explain the mood up here. fundamentally, there is a major breakdown of trust between the two parties, especially in the house of representatives where some democrats say how can you expect us to work with some of these republicans who are either january 6th deniers or gaslighters? that is manifested in the lack of distrust is manifested in the fact that there are still metal detectors outside the house chamber for house members to enter the house floor to vote. you will see the politics in disrepair of the january 6th commission and the creation of a select committee when that commission was not possible with republican leader kevin mccarthy not even yet saying he will definitely appoint republican members to that committee. so the politics here has just become much more divided than i personally have ever seen it, jeff. >> let's talk about sort

here's what manchin had to say when our own leigh ann caldwell asked him questions about the civil rights filibuster. >> is that something you could support? >> well, the bottom line is we should be working together on basically legislation that protects the people's right to vote. that should be something that should be common sense. people should have a right to vote, it should be secured, it should be accessible, and it should be fair. >> are you getting any republican support? >> we're getting there. >> reporter: senator kyrsten sinema said she's friends with one of those. she's been outspoken. >>> joining us now, senior politics reporter, grace. thanks for joining us. we've got this critical meeting with joe manchin coming up. he's come up with enormous pressure from civil rights activists, voting rights groups to essentially outline what he would support. he finally did that. he knows if this is going to come to a head, maybe sooner rather than later. what's at stake for these texas democrats today? >> for them, everything. they left the state and went halfway across the country, le

>> leigh ann caldwell, live on the hill. >>> senator jon tester, as we've been promising, live now onitol hill. thanks for being back on the show. >> great to be with you. thank you. >> of course. we should note you're a member of the bipartisan group working on the more narrow senate track. are we going to see details on that release today? i know there was some discussion around that. do you anticipate bringing a bill to the floor by next week? >> hopefully, we will see details, at least by tomorrow. we're working hard to iron out. look, the hang-ups now are pretty small, to be quite frank with you. there are still some issues on pay-fors, but it's a great group of ten people. we've worked on harder things than this. we'll get it done. hopefully, it will be out tomorrow and hopefully be ready for prime time next week for a vote. >> senator john thune called it, in his words, awfully hard to look at your bipartisan framework. >> they're two separate bills, dealing both with infrastructure, different kind of infrastructure, of course. i will tell you that the five republicans and four