lisa: cookie mom, lisa. lemonis: i'm marcus. lisa: how are you doing? lemonis: nice to meet you. tell me what's going on here. cory: okay, so today we actually have a pop-up shop and customers come, they get a cookie. they sit down and wait for their car. lemonis: are we generating revenue? or are you giving them away? cory: the company buys them and then we give them. lemonis: very smart. whose idea was that? cory: both of our ideas. lemonis: okay. now more importantly, i love cookies. cory: so you got to try them. lemonis: so i'm a really tough judge, though. cory: okay. okay. i got you. lemonis: okay. cory: okay, this is the chocolate chip. they're all natural, and they have no preservatives added. lemonis: the chocolate chip was amazing. cory: thank you. second, this is a double dark. this is like the brownie. nice and soft in the middle. lemonis: it's delicious. cory: and sugar cookies. lemonis: is there orange in this cookie? orange peel? cory: it's a secret recipe. lemonis: okay. let me just tell you right now. lisa: oh, no. lemonis: if we do a deal, i'm gonna need to know

-lisa: i did. -giovanni: lisa did. lemonis: good job. ♪ so, you guys ready? -lisa: yeah.turn around? [ both laugh ] what you're gonna see today is kind of the future look of what could be a regional or a national brand. -are you ready? -lisa: yeah. giovanni: i'll let you go first. lisa: i'm closing my eyes. lemonis: close your eyes, close your eyes. -close your eyes. -lisa: oh, my god. giovanni: i'm looking at the floor. oh, my god. and back pain made it hard to sleep and get up on time. then i found aleve pm. the only one to combine a safe sleep aid, plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. somebody burned down my she shed.. your she shed was struck by lightning. is my she shed covered by state farm? your she shed's covered, cheryl. that's wonderful news. go with the one that's here to help life go right. state farm. this school year, get a new iphone from t-mobile and keep your whole family connected. or keep tabs on them. he skipped orientation for the beach? he takes after me. join t-mobile, buy an iphone 8, get an iphone

this is "bloomberg real yield." ♪ lisa: i'm lisa abramowicz in for jonathan ferro.s is "bloomberg real yield." i went to head to the auction block where the u.s. treasury auctioned off more than $280 billion this week. we focus on the seven-year sale. the bid to cover was 2.6 five, marking the highest demand since january. the primary dealer take was a run the years average. looking closer at the short end, the two-year sale of $36 billion had a yield of 2.65%. a bid to cover of 2.89%. over and corporate scum a was much, much quieter. u.s. stock bonds had no prices are launches to speak of. issuance is the lowest year to date, total sense 2010. -- since 2010. still with me is priya misra, michael collins, and iain stealey. i want to turn to europe. the eyes are all on italy. income is into our in europe, let's start with you are we are bondsng on the fact that have climbed to the highest and about twice 14. and the gap between booms and italian yields. --e climbed to the site this to the highest since 2013 p or gwen is going on? what is the fear with italy? iain: i

-lisa: okay. -lemonis: ...in the next... -lisa: week? -lemonis: yeah. lisa: yeah. that's fine.iovanni: i'll be out of it. lemonis: okay. see you, buddy. -giovanni: thanks, sir. -lemonis: bye. ♪ things are moving forward at bentley's. giovanni: we have been working on acquiring natural pet market in wheaton, illinois. her best year was about $850,000. this year, she's on pace for about $720,000. she wants $285,000 for the business. lemonis: gio has genuinely done a great job of getting feedback from his team before he makes decisions. giovanni: moment of truth. yes or no? woman: yes. giovanni: you want to go for it. nevine? nevine: yes. -giovanni: mark? -mark: yes. -giovanni: dan? -dan: yes, i do. man: absolutely. lisa: i think we got to double-check, make sure the name's involved. let's tighten up the numbers, but i'm good with the $285,000 as the final number. giovanni: we'll move forward. i'll take the next step. i'll set it up today. thanks, guys. nevine: thank you. ♪ lemonis: meanwhile, we've gotten the packaging settled for our best in show line, and the product is now in

lisa: not a chance. the only chance they have for freedom, is getting information and trying to move out of the place. last word. >> i have also been to turkey, for vacation, a number of times. >> sure. that's what you say. >> i had a great time. it is so beautiful. lisa: i want to get my beach on. >> don't skip hawaii. lisa: thank you so much, jessica, mike and katie. coming up, california republican congressman duncan hunter, sounds like a fake name, is facing corruption charges. could spell big trouble for the republican party. ed henry has all the answers. ron! something's going on at schwab. oh really? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't l

lisa: not a chance.only chance they have for freedom, is getting information and trying to move out of the place. last word. >> i have also been to turkey, for vacation, a number of times. >> sure. that's what you say. >> i had a great time. it is so beautiful. lisa: i want to get my beach on. >> don't skip hawaii. lisa: thank you so much, jessica, mike and katie. coming up, california republican congressman duncan hunter, sounds like a fake name, is facing corruption charges. could spell big trouble for the republican party. ed henry has all the answers. come away with me barnabas! but i am a simple farmer. my life is here... [telephone ring] ahoy-hoy. alexander graham bell here... no, no, my number is one, you must want two! two, i say!! like my father before... [telephone ring] like my father before... ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. with tough food, your dentur

lisa: you go! today the president tweeted what agent peter strzok was just fired from the fbi finally. a list of bad players in the fbi and doj gets longer and longer based on the fact that peter strzok was in charge of the witchhunt, will it be dropped? is it a total hoax? no collusion, no obstruction i just fight back. analysts say it's unlikely the firing will and their mueller probe. and his lawyer says it was politically motivated. is it the end of the story? or is another chapter about to start? i have former campaign communications advisor, michael caputo to answer questions. welcome to the show, sir. >> hi kennedy. thank you for inviting me. lisa: you say peter strzok firing only goes and a half step. why do you say that? >> i think after what we seen with peter strzok, even the inspector general said contrary to what tape they played at the hearing, the inspector general ruled that he was you know, he thought peter strzok was inclined to take action to stop donald trump for being president

>> juan: since he called her lisa page, get him a job at the fbi. >> brian: lisa page -- >> lisa: i didn'to that. >> dana: causes some competition. there is something kind of cool that the new york, new york, taxicab service figured out. you can download an app, call for one, decide if you want to share one, and you can prepay. it's annoying when you stop and you've got to pay. you can zoom out of the car. the free market provides for innovation. innovation creates new products that we want to use. it doesn't mean that there aren't people stuck holding the bill, like if you had a medallion that was worth x and now it's worth y. you base your entire family's life savings. >> greg: a medallion is almost like a mortgage for your car. it could be as big as a house mortgage. >> dana: that's what michael cohen had an he was trying to get loans because they were really powerful. this remind me of russell brand. he lambasted people ada hugo boss reception because he said hugo boss made uniforms for the nazis and then he left inis ins chauffeur driven car. it was a mercedes. mercedes actually did.

lisa: i am lisa abramowicz.: shares in the red is a hollywood reporter says run and pharrell may have a second story about ceo les moonves. this comes after pharaohs allegations against the ceo. a reporterore from who covers media companies. what do we know about this hollywood reporter report on them writing a report? >> what is interesting is that everything is moving on rumors right now. the hollywood reporter is not written a story that i have seen yet. there is a tweet from a hollywood reporter saying that ronan farrow has another story coming in the next couple of weeks and it contains further allegations against les moonves. what does this say that there is a tweet about a possible report in the hollywood reporter that that moved cbs shares as much i get their earnings what does that say? >> it goes to show you how important and significantly these shareholders take the allegations. les moonves has been synonymous with the company. he is cbs. lisa: just to bring you the tweet, we want to pull it up. it is

i think it's a win-win. >> harris: what i love about what you are saying, lisa -- >> lisa: thank you. struggling to figure out who the base is. your party is splitting. it's advantageous for the republican for the president to handle it this way. interesting perspective to bring forth. >> marie: the polling on the midterm shows voters particularly independents, think washington can't work. >> harris: yeah. >> marie: republicans are in charge of both houses and the white house. to an independent voter who says they can't even keep the government open, i can't go to the national park? that is what they see. >> david: something that has to change is a broken immigration system. we are letting the wrong people in. too many illegals come in that don't assimilate well in the future and too few good legals who do it the legal way to come in. we have to make it easier for qualified immigrants who want to work and assimilate in the country to come in. >> harris: the word " assimilate" i have to let marie come back on. >> marie: good immigrants and assimilate -- >> david: that means being willi

lisa: i'm lisa lisa abramowicz. to "bloomberg markets." caroline: we are live at bloomberg world headquarters in new york over the next hour. here are the top stories we are covering. market momentum, u.s. stocks setting new records, as amazon and also that rise on a bullish bet from morgan stanley. dropsng out, dick's another quarter of weak sales, pointing the finger at under armour. martin,g public, aston best known for being james bond's car of choice, plans to sell shares in london. the markets close in two hours, let's check in on where we are closing. we have records. abigail: we have three, we of the major averages sharply higher, the dow modestly higher, and 1/10 of a.5%, percent for the index. the three major averages on pace for a fourth update in a row. and we have a rally on our hands, really helping the biotech index. take a look, up 4.9%, the state in almost a month. not entirely clear what is behind this. some analysts say the u.s.-mexico trade deal could be helping. we will take a look at this relat

lisa: and i'm lisa abramowicz.oomberg markets. ♪ we are live and bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and from around the world. semiconductor slump. nvidia leading both tech shares and the broader market in today's drop, and at least weakness, i should say. we will dig into that with colin moore, just ahead. and the president says the pepsico ceo led him to ask that sec to end quarterly earnings over a meal. and the deciding fate of president trump's former campaign chairman. we are outside the courthouse with the latest. let's get you to the first word news with mark crumpton. mark: president trump says he expects to quickly revoke the security clearance for the justice department official the trump worked for dossier firm. the president also called the official "a disgrace." securityd about his clearance, the president said "i expect i will be taking it away very quickly. for him to be in the justice department and doing what he di

lisa: and i'm lisa abramowicz.bloomberg markets. ♪ caroline: we are live in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. running hot. the s&p 500 posted its third straight weekly gain, but question is creeping in. -- canada's negotiating team scrambles to strike a trade deal ahead of the trump administration's deadline. talking with trump. an exclusive and review with bloomberg news, the president lets loose on everything from trade to turkey to tech. let's check in with stocks on abigail doolittle -- with abigail doolittle. abigail: very wishy-washy and treading water with investor. the tech heavy nasdaq is up a little more than 1/10 of 1%, up four -- excuse me, five of the last x days, and on the week, as caroline was mentioning, the dow and the s&p 500 on pace for the up weeks. today represents a positive the bullish action, and that could be the bloomberg dollar index, the dollar rising, all on trade uncertainties. a

lisa. >> lisa: hundreds of newspapers across the country running editorials today.media. "the boston globe" writing "model of inciting his supporters in disregard. and how 21st century authoritarians like vladimir putin and the leader of turkey operate. you do not need formal censorship to strangle a supply of information." they feebly insist that he is referring to buy his coverage rather than the entire state. by the president's own words and long track record show again and again how deeply cynical and dishonest this argument is. president trump tweeting earlier today "the boston globe which was sold to the failing "new york times" for $1.3 billion plus $800 billion has lost its investment for $2.1 billion was then sold by "the new york times" for $1. now the globe is in collusion with other papers on free press." so sean. >> sean: can we look at katie. >> lisa: president trump made them meet argument that the media is collectively against them, and you have the editorias against them. does this help prove his point? >> sean: in some ways it does, a division betw

lisa: and i'm lisa abramowicz. to bloomberg markets. ♪ scarlet: we are live in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. steady as she goes. the u.s. jobs engine keeps chugging along, but wage growth remains elusive. and white house economic adviser larry kudlow says trump will not back office china escalates the war of words over trade. and a bloomberg scoop. why one of the finance world's most successful dealmakers is leaving blackstone. u.s. markets closing in two hours time for the week. let's get it check on where stops are trading with abigail. look at the dow, leading the large and the s&p 500 as well. we have the s&p 500 higher this week. -- long ago, these nasdaq the nasdaq had been trading slightly lower, but the russell 2000 is underperforming the other major averages. the dow is on pace for the first weekly decline, and the nasdaq on pace for its for -- the nasdaq on pace for its first week up and three. r

lisa: so does facebook. for that black -- bd be the mystified mystified to understand -- be d emystified to understand what it is and. itid: once it is demystified will be played even more. that they explain how their company works, it will be exploited by evil people. what i believe is that maybe we need intermediary transit -- transparency where there is a global agency or something that does not exist that gets insight into how the systems work. that's might be the way to do it. maybe there needs to be some citizens court. that has been proposed by mark zuckerberg himself. caroline: at the moment there is no citizen court, but lawmakers will be going in front or to capitol hill to talk about russia. will the public hearings help or muddy the waters further? david: i think it's good these people's feet are being held to the fire. it will be beneficial. i'm afraid, given past experience, sheryl sandberg will not be candid. she has not been candid about this and repeated public appearances. jack dorsey tries

lisa: and i'm lisa abramowicz.o bloomberg markets. we are live in bloomberg world headquarters in new york over the next hour here are the top tories we are covering on the bloomberg and from around the world. walmart warehouse wall street. retailer posts the strongest sales increase in more than a decade. high expectations increases earnings after the bell could offer the chance to sell it semiconductor stocks. and like, camera, action. what will jeff bezos by next? maybe mark human movie theater chain. we are two hours away from the close of trading. let's check in with abigail doolittle or a glimpse of the market. we have green across the screen. abigail: today we are outcome of the doubt on one points -- the debt -- today we are up, the dow .p one point 6% yesterday, we had the big decline on trade tensions, turkey tensions, worries around china. today, a big rebound rally confirmed by bonds. even bonds are rallying. relative to the past two days, here is the dow. at the lowest, the dow had been down more than

lisa: can you do it? romaine: no. [laughter] lisa: thank you so much.e why the route in argentine of the argentine peso is worsening. we will be live in buenos aires. this is bloomberg. ♪ joe: "what'd you miss?" argentina's currency crisis taking a turn for the worst. in its latest effort to shore up the currency, the country's central bank raised its benchmark rates to 60%. that hike coming a day after the president speeded up the payment. joining us now is patrick gillespie joining us from buenos aires. patrick, extraordinary day for the market. do the central bank or administration do given how fast the market is losing confidence in the currency? supportivee most point is this is a confidence of crisis according to every analyst we have been speaking with. a lack of communication and consistent strategy is marine republican argentina and investors. people are asking for questions and answers are getting more questions in return. no communication today after the speech. there has been little communication from the central rate hike a historic to 60%

lisa? lisa: thank you, mark.ng you more from our big conversation with warren buffett, the berkshire hathaway chief executive sharing insights on the state of markets in the economy. he sat down with david westin earlier at his charity luncheon for the guild foundation. take a listen. warren: this is a follow of the williams that came out of san francisco more than 50 years ago, and had a -- that would run down, and started helping people. i have seen it in action. he is now feeding more than 20,000 meals a day to people. he is helping battered women and people learn vocations. he is helping -- he is helping the people that the world has given up on, in many cases, and sometimes they have given up on themselves. cecil never gives up. i have seen it. it is magic. ise he is, 88 or 89, and he still helping people every day. buts retail philanthropy, it does a lot of people a lot of good that have gotten the short straws in my. and it is a reminder -- warren: and -- david: and it is a reminder that some any people in

>> lisa, thanks. the danger remains for thousands on hawaii's big island which has seen epic amounts of rainfall and abc 7 news reporter cornell barnard has the update. >> tropical storm lane leaving its mark on the big island of hawaii. flooding has left many areas under water turning small rivers into raging torrents. here's what the normally calm rainbow falls looked like on friday. it has dumped more than 30 inches of rain. >> when you hear 30 inches of rain that sounds -- sounds biblical. >> hawaii representative chris todd says the ground has absorbed some of the epic rainfall, but not all of it. >> it is picking up right now. >> he's urging people to be careful. >> the ground continues to saturate and it doesn't get absorbed as well, you can see the levels rise a little bit and that's when you see problems like what we have been seeing that some of the rivers have overflown. >> earlier that morning to tourists on waikiki, but most chose to stay in the water. honolulu's mayor is urging people to

. >> thank you lisa. >> i love you, lisa. >> thank you lisa. >> thank you lisa. >> thank you. >> thank you lisa. >> thank you lisa. >> thank you! [applause] >> thank you, very much. that was terrific. i would like to invite any public comment on project pull. anyone? >> to you, lisa, there is nothing that is more rewarding than showing people the way and teaching people how to fish instead instead of just giving fish. every day i am learning more here. i know that our general manager understands that. i also understand that what is missing, most of the time from these kinds of efforts is people like you. that's what's missing. i want to thank you personally for being there for those in this. >> thank you. >> thank you very much. any other public comment? also, i want to applaud your work with juvenile hall. i speak with some experience, but when you are youth in trouble, trusting yourself is the biggest thing. your providing opportunities and it is very important. thank you,, very much. we are now moving on to item nine which is report of the general manager and we will have public com

this is bloomberg. ♪ lisa: "what'd you miss?"reporting the second-quarter earnings and the shares are deepening their losses and post market -- host close trading. investors digest the results. for more, let's bring in tech hardware senior analyst. thank you so much for being here. -- the tech hardware senior analyst. they do so much for being here. what are investors picking up? you2 was good, but three guidance is short of contention. going to the fall, we get a see if this iso them being conservative because the new architecture will be launched and ahead of the new architecture being launched read usually the chip sales we can ahead of that. it is standard before the iphone x comes out -- it is standard. before the iphone x comes out, the iphone nine sales are lower. or is it more with a sword to crypto gaming as the interpolator going into the quarter? scarlet: in terms of the new chip architecture, the graphics processor, what is this used for? we talk about how nvidia is represented across different parts of technology, wh

in other cases where -- >> lisa: why do you think that was? >> tom: my guess is he thought this was sufficiently connected to the heart of the mandate that he wanted to keep it. but he's not shy about cutting things loose when he finds evidence of other unrelated wrongdoing he's said i'm going to pass this off to federal prosecutors in new york rather than do it myself. this one me wanted to do himself. >> melissa: that makes the essential point, is there something beyond this, once you see paul man a for the work himself into the -- manafort to work connections, two people with russian connections and he's desperate and money and broken the law. he's vulnerable to the outside influence that might come n we've heard nothing about that so far. do you think that's what is up mueller's sleeve? >> tom: i don't see it at this point. again, we haven't really heard a lot about it. >> melissa: seems like we would have heard about it. >> tom: you think we would have heard about it. man fort has stood firm in fighting this charge. we've seen mueller go

lisa: absolutely.ecommending to our clients that they globalize portfolios. thatndamentally believe while the u.s. is growing faster than the rest of the world now, that is not persistent. in fact we will have a catch up over the next two years as the rest of the world rebounds from what has been a slowdown at the beginning of this year. david: one group of countries that have put away trade problems is europe. the president saying, we will work out deals. we put up a chart showing economic surprises. blue line -- europe. white line, converging. for a long time, europe was in deficit. they are coming together. is that because of trade? lisa: what is driving that is fundamentally, the european union had disappointing results in the first half. expectations almost overcorrected. it is one of the things that contributed to euro weakness. there was a flight of capital away from european union because there were negative surprises. now we are seeing economic surprises are converging. we believe that is one

meteorologist lisa argen is back with more on what we can expect from the storm and lisa, so much to talk about here. >> yes, that's right, chris. the main thing is that this now has been downgraded to a tropical storm. so we're looking at the hurricane watches and warnings being dropped. tropical storm advisories for maui and the big island. so we're looking at things that are continuing to improve, but in terms of the rainfall, not so much because we are looking at some very heavy rain. we've seen over 42 inches of rain in hilo and three-day records here and that will allow for some mud slides and certainly with the higher elevations there. 65 mile an hour winds right now and as this takes a left-hand turn we'll continue to see this weaken 40 miles an concerned about. it's the rainfall that continues to stack up and some of the different rainfall estimates are bringing in three to five inches of additional rain for oahu. maui, 8 to 12 inches of additional rainfall and a slight chance of tornadoes are possible. so as this continues to wind down in terms of wind. it is certainly not

lisa: what does this company do and what is the barrier to entry? lot of people are wanting some way to bet on the emerging there one industry. what are they getting with tilray? kristine: they are based in british columbia and are not that different from a lot of other producers in the canadian market. the grow marijuana, will be producing for the canadian recreational market when legalization takes effect in october. they have already been for theng -- producing medical market in canada and sell into other markets like germany. very similar in a lot of respects to a lot of other canadian producers. they are listed in the united states, and not many canadian producers are. that has opened them up to a broader investor base of americans just now starting to get interested in the space. we saw mj, the biggest u.s. listed marijuana -- sorry, etf that follows marijuana stocks. it is approaching his highest inflows since february. there is a growing interest from american investors until ray -- and tilray has tapped into that. joe: you see the etf surgi

lisa: i'm lisa abramowicz. scarlet: i'm scarlet fu.country better known for turbulence, better than gender diversity, but there are fema bosses now at the 11 investment banks. no other country tracked by the coalition has such a high proportion of investment bank chiefs that are female. of the firms worldwide, 96% of the leaders are meant. thehe business of equality, ongoing conversation about the bottom might impact of diversity, we sat down with three of that malaysia's top female investment bankers and we asked why the country is bucking the trend. >> we are very lucky to be in malaysia, because we have home health and support from family members. and they help us to remain in the workforce. girls in the european countries, home health is a lot more difficult to come by. >> i think malaysia is lucky in that we all have a lot of domestic help. we all have family networks who always are willing to help each other. so that actually helps a lot in a woman's career path. >> over time you find will models there. these ladies that have don

lisa: i'm lisa abramowicz. we are back with ellen zentner.e of the moment in many quarters is are share buybacks a terrible idea for the u.s. economy. a bigger question, are they not that great for companies themselves? and dave wilson of bloomberg news put out a chart showing, if you take a look at the bloomberg, showing that companies that have had the biggest share repurchasing program have underperformed the broader s&p 500 ratio of the big share buyer backers over the s&p 500. what do you make of this? ellen: there a couple ways to slice this. one is, first-come are we surprised that they are doing -- first, i was surprised that they are doing the share buybacks? companies,led the after the tax cuts were done, they said how will you take advantage of those tax cuts? , share buybacks and dividend increases with the number one thanks. lisa: so we should not be surprised. ellen: we should not be surprised. they did not need the tax cuts to invest because they were liquidity constrained, so they will do other things with that money. they hav

here, revoke and strategist and senior fellow for the independent women's voice to my right of, lisa boothe. a host of the intelligence report on the fox business network, trish regan is here. democrat strategist and fox news contributor jessica tarlov. in joining us in a center seat, fox news digital politics editor chris stirewalt as i like to say, is on fire. >> lisa: it's better when you sing it. it's on broadway right now. >> harris: "outnumbered," great to see you. >> chris: always great to be here and here in a summertime friday and we can let it rip. >> harris: shall we do it? new reaction to the july labor report showing the unemployment rate falling to 3.9%. that's near an 18 year low. although july's numbers missed expectations by the analyst, jobs numbers for may and june were revised upward by a total of 59,000. the white house sing today's report is just the latest sign the economy is on an upswing. >> the economy remains incredibly strong. 2018, we are still at a pace of making more gains in terms of jobs per month than in the last two years. when you're talking about

lisa: i'm lisa abramowicz.omberg markets." ♪ caroline: we are live in the bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. chasing the ball. the s&p 500 clings to a record as the rest of the world gets left behind. tough talk. president trump takes aim at google, alleging rigs first result. breakfast at tiffany's. why it is a new dawn for the jeweler. markets close in two hours. let's check in where to stocks are training -- trading. abigail: small games for the major averages including the s&p 500 which has put in another all-time highs. as does the nasdaq. in ace for a third update row -- up day in a row as investors are encouraged by j mount -- jay powell's message. a trade deal between the u.s. and china. it is the last week of summer. lots of traders on the sidelines. we can see this come a lack of conviction. times of headlines and uncertainty around trade policy, but stock investors not caring for you can view the

lisa: and i am lisa abramowicz.loomberg markets." ♪ scarlet: we are live and bloomberg world headquarters in new york over the next hour. here at the stories we are covering on the bloomberg and around the world. the calm after the storm. u.s. stocks rally with small caps leaving the chart. under scrutiny. elon musk is offering more details on his bombshell tweet. it is unlikely to get those u.s. regulators off his back. cable cowboys. john malone, the media mogul with a vast media and telecom company says he is not ready to call it quits. it is a bloomberg exclusive. we have got u.s. markets closing in two hours time. this looks like a reverse of what we saw yesterday. abigail: you are right. we have a nice rally. dow andt update for the s&p 500 in five days. the three major averages solidly higher. investors less concerned about the turmoil in turkey. the possibility of contagion where it to turn into some sort of financial crisis. right now looking toward a brighter outlook. scarlet was mentioning small-cap outpe

. ♪ lisa: five, and lisa abramowicz in response to what he called in response to what he called america'sttacks on the economy, turkey announced tariffs -- chronicling $1 billion worth of u.s. goods. -- chronicling $1 billion worth of u.s. goods. so far, it succeeded in lifting off of record lows. here with more insight is the senior fellow on foreign relations. thank you for joining us. it little bit of a retrieve. two days in a row of gains. to be done still to really stem the bleeding and really bring about stability? >> one thing that will ultimately stabilize turkey is a weaker lira. in that sense, part of the adjusters needed has already taken place. other things that are needed are policy support for the needed adjustment and the needed adjustment is thatally a domestic demand can come through restricting bank lending, through higher interest rates, which would have the effect of bank lending, and fiscal policy. >> the reduction in domestic demand is all about closing the trade gap. fundamentally, turkey has a large deficit that it cannot currently fund. it can definitely >> at som

glad to be back with my buddy lisa argen., south korea battles honolu honolulu hawaii in the championship game of the little league world series. watch live from williamsport only here on abc 7 news. abc 7 news returns at 5:00 p.m. the news continues on facebook, twitter, and instagram. have a great sunday, everyone. ♪ ♪ the things that matter most happen one morning and one cup at a time. good afternoon and thanks for joing us, welcome to at home in northern california. my name is travis. and i'm mary. be sure to tune in or set your dvr's every sunday afternoon at 4 pm for the latest in great northern california properties for sale. if you have any questions about real estate or getting a home loapl

let's get a quick check of the weather with meteorologist lisa argen. good morning to you. >> good morning to you. we have clear skies in concord and fairfield. otherwise, plenty of clouds out there and even poor visibility. 58 san mateo and 61 in hayward in mountain view and the poor visibility up in petaluma at three miles. livermore is at five miles and we're looking at an advisory throughout the bay area for the poor air quality and moderate air quality throughout the day today. i think we'll see better air quality tomorrow on sunday, but in terms of the warmth it looks like another cool day out there and 50s to start out and partly cloudy this afternoon. we could see 80s around concord and otherwise lots of 70s around the bay and partial clearing along the coast and the sun setting at 7:49. it looks like the cooling trend and the cool streak stays with us for your saturday and the last week of august coming up, chris? >> lisa, thanks. >> san jose's independent police auditor has resigned as post after a short and tumultuous tenure this comes after

lisa: exactly. -- for apple, it's barely budged. lisa: exactly.g up, more details on argentina's fight to stabilize the peso. this is bloomberg. ♪ mark: i am mark crumpton with first word news. british police returned a bicycle to an unidentified cyclist outside parliament today after a car rammed into pedestrians and other cyclist during the morning rush hour. three people were hurt yards away -- three people were hurt. driverway, we say the was arrested on suspicion of preparing a terror attack. today's decision by paul manafort's legal team do not recall witnesses clears the way for juries to hear closing arguments tomorrow in the first trial to merge -- emerge from roger marlowe's investigation -- robert mueller's investigation. manafort referenced his case and he did so because he and his legal team believes the government has not met its burden of proof. mark: a federal judge rejected the defense motion that the case should be dismissed on those grounds as outlined by the defense. jim mathis made a pitch today to brazil for building a closer

lisa's death stunned laurel elementary school where she attended. her parents devastated. this is what her father told ktvu back in 2009. >> she was my life. i tried to keep her happy and i tried to protect her. >> they have always had a picture of her on the wall. they had like a little shrine to her. it is just very heartbreaking that this happened. >> reporter: kern owns this apartment complex and keeps in touch with lisa's parents who have soon -- -- who have since moved to san jose. she says every smith her parents visit the cemetery where lisa is buried. >>> new information about the body discovered inside a san francisco home. an autopsy will determine if the remains found in a home on players street is a missing man, 65-year-old ryan gregg police say they first received ca late july. neighbors again called 911 earlier this month when they saw suspicious activity including a crime scene cleanup crew at the home. police returned with dogs and discovered the body. >> whoever was inside was frantically cleaning things up. we could see all the soapy water pouring out of

lisa: life, i'm lisa abramowicz. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. lisa: 30 minutes from the close of trading. major averages in the green. the fifth weekly gain. joe: what'd you miss? scarlet: u.s. labor market chugs along. giving the fed the study pays it needs to stick to its rate hike path. throws term -- turn to back. white house advisor larry kudlow says president will not back off. consumers are about to feel the pinch. why there may be warnings of companies raising races across every industry. the u.s. job engine humming along. workers added at a cooler is that they'll belong -- below the consensus forecast. guest calls it solid momentum to start off. we welcome now lewis alexander, the u.s. chief economist. on the whole it was positive. >> this was a solid report. the backward revisions made up for the fact the front month was week. saw probablye overstates the momentum in the economy. joe: what did it tell you about how close we are to full employment? of course massive debate about whether the unemployment rate is understating the slack we

>> lisa: 's wife worked there. washington, d.c., has a small place. >> >> but directly tied to the clinton campaign. >> lisa: again, we talked about that so many times, it was opposition research. you are using fact-based evidence, it was fact by citation which was in the dossier. >> are using the dossier is true? a >> lisa: there are things in the dossier that are true. absolutely. >> like what? >> lisa: we are talking about bruce ohr right now. >> yes and he's connected to his wife that helped fund the research. there's questions about the campaign and their involvement to go after an opposition party. >> lisa: here's the point i think we need to look at. why are republicans holding this hearing today in a closed door format? if they really think that bruce ohr has a lot to say, then open it up. let's be transparent, let's have an open hearing as opposed to a closed-door hearing. we will see what happens today and if republicans leave anything out or if they give a public statement post hearing. >> is indeed a co

lisa: i'm lisa abramowicz."bloomberg markets." ♪ scarlet: we are live and bloomberg world headquarters in new york over the next hour. hear the stories we are covering on the bloomberg and around the world. a ceo joins us to talk about the new s&p 500 record. president trump's comments on the fed and commission free trades. venezuela in crisis. the president's government braces for confusion and chaos as the devaluation takes hold. we had live there for the latest we will hear from john kennedy of louisiana. he speaks on the move to support banks that are pro-second amendment. we have got the u.s. stock markets closing in two hours time. abigail doolittle, s&p 500 making a new record high. abigail: take a look at that. earlier today, we had the record high. the dow, s&p 500, and nasdaq all up. a bullish streak. compared to last week, when investors were worried about turkey, it e.m. followed, trade concerns, not so much today. looking past all of that to these record highs. it is not just the s&p 500 putting in

>> hat. >> lisa stumbled upon a most unconventional treatment. she found a mom in colorado who said march juan worked wonders. >> -- she was diagnosed as a toddler. >> she was an seven daily seizure drugs and failed every drug at two years old as well. >> charlotte was so sick, she was in hospice care. her husband was a green -- deemployeed for much of the time. >> paige felt alone. >> i hit rock bottom with her. the hospital said there is nothing left. there is nothing left to do. we're sorry. go home and deal with it at home. >> when they tell you go home, are they saying go home and watch your child die? >> i brought her home and my husband had to sign a do not resuscitate. >> every night i was praying for her to die because it was so bad to watch her suffering. and she didn't t is hard for manyme to admit that. the only way for it to stop was for her to pass away? her sleep. >> paige didn't give up. she kept looking. she and matt found online reports that the seizures disappeared when given marijuana. >> i got her a red card and two doctors f

lisa dies. her mother suffered a broken neck. >> for him to take off, it makes you sick to think there's people like that in the world. >> the district attorney's office said fox is originally from central america and arrested in guatemala. her parents devastatedwhat her in 2009. >> she was the love of my life, and i tried to keep her happy, i tried to -- her. >> they've had a picture of her on the wall and a shrine to her. it's just very heartbreaking that this happened. >> every week the parents visit the cemetery where lisa is buried. >> it may be a little relief that someone has been captured but it doesn't make a difference because lisa is gone. >> lisa's father did not want to talk today. the police will shed more light tomorrow during a news conference. >> we can learn more tomorrow, do we know why he was in jail that quat malla -- guatemala. >> they found him in guatemala, he was in custody and fighting extradition. >>> oakland police are increasing patrols in response to a rash of deadl

lemonis: before we open the store, i wanted to talk to lisa and giovanni about this potential acquisition. i feel like you guys have made a lot of progress. but i worry that progress can be easily derailed with overload. how strongly do you feel about the acquisition? on a scale of 1 to 10, in terms of being -- -giovanni: 10. -lemonis: you're a 10? giovanni: you created the 10. if this was not so good, it would be 8. lemonis: i'm willing to take the leap with you, okay? i'm willing to take the leap with you. lisa: [ laughs ] lemonis: all right? i'm willing to take the leap. ♪ how are you? they can't wait. it's the grand opening of bentley's corner barkery. what do you think of the store? -and who is this? -woman: luke. lemonis: luke! i'm excited that people are actually able to move around this store. it's not cramped, it's not overloaded, and there's got to be 125 people in here. [ dog barks ] -oh, this is bentley? -giovanni: yeah. -lemonis: hey, buddy. -giovanni: you want a piece?

lisa: "what'd you miss?" has transformed itself to a content powerhouse big enough to rival hollywood. overseeing the transformation was c.f.o. david wells, but he plans to step down after eight years. here with more from princeton is paul sweeney. give us a sense of how big of a deal this is. does this material affect netflix's outlook going forward? >> i don't think so. the stock price is not really moving today. often when you have a c.f.o. announce they are leaving the country -- company, that is typically a negative for a company. it suggests there may be something wrong in the accounting. there is none of that in this case. this appears to be an orderly transition for the company. david is going to stay around until they find the replacement. i am very confident they will have no problem finding and a-list quality c.f.o. joe: nonetheless, netflix has a very aggressive financial strategy. there is a lot of netflix debt, that.of concerns about watching the debt is one proxy on the company. tell us about t

so, lisa and charlie are here.ing on the big issue which is china's growing operation. >> i run a national student organize. i start to see these institutes start to pop-up. you did a wonderful segment talking about how money from the chinese government is funding the u.s. governments. they accept the money to build these institutes to try to get the american students to get a preceptial of china. they hate our guts. if they could wipe us off the earth -- >> they would dominate the world. >> world domination is how they put it. >> well, christopher ray testified back in february china was trying to implement the universe through students and teachers talk about russia. depending back if february. it's one of the biggest threats. we are warned about increased military activity. also in the same vain. we have to spy on the staff. it was swept under the rug. you pull the curtain back farther. her husband got irish off of deals. nobody is talking about it when it gets swept under the rug. >> joy biden, as i said, a lot

fox broadsided a car that lisa and her parents were in 20009 -- 2009. lisa died. >> to have him take off like that, you know, not even regard to the family at all. it makes you sick to think there's people like that in the world. >> the district attorney's office said fox is from central america and arrested in guatemala. her parents devastated. this is what her father told ktvu in 2009. >> she's the love of my life, and i tried to keep her happy, and i tried to protect her. >> they've had a picture of her on the wall and they have a shrine to her, so it's very heart breaking this happened. >> kern owns this apartment complex and keeps in touch are lisa's parents who have moved to san jose. we are expected to learn more about the case tomorrow morning. the menlo park police department, f.b.i. and the sheriff tempt will be -- deem will -- department will hope a -- hold a press conference. >> we'll learn more tomorrow at the news conference. >>> new information on the discovery of a head lease torso -- headless torso in san francisco. the police started r

lisa: when do we hit the peak? dan: are you talking about the markets? lisa: the markets, earnings.investing is kind of like potty training. i don't know if either of you guys have kids. we just finished potty training. if i ask you, when is your child time,to go potty the next you would probably give me some big estimate based on the last time they had a drink and the last time they went. but that's not as how you are managing your potty training. you are looking out for the signs, the signals. cross their legs, sit in the corner, do the potty dance. that's what we are looking for the market. -- we're going to be looking out for the signals. caroline: it's fantastic. old, and only one year i have so much to look forward to. dan suzuki, fantastic. let's get to first word news. the white house has moved flags back to half staff. in a statement, president trump says, "despite our differences on policy and politics, i respect john mccain's service to our country." senate leaders of both countries had formally requested that american flags at government buildings stay at half staff to h