first word news, here's mark crumpton. mark: theresa may calls her proposal on the post-brexit rights of eu citizens in the u.k. "fair and serious." she spoke in brussels after the summit. discussion positive about the offer u.k. has made. all of the leaders have reacted positively to me on the offers we have made. mark: the european commission president said her proposal is about reducing citizens rights. may said all 3 million eu citizens and the u.k. will be able to keep living there after the break. in london, manslaughter is among the charges considered in the high-rise apartment fire. authorities said the fire started in a refrigerator. the manufacturer, whirlpool, is investigating. the insulation on the building have failed safety tests. at least 79 people died in the fire. president trump said his threat comey mayith james have had an impact. he told foxnews the former fbi director may have changed his story to say what happens and it reiterates he do not take the meetings. the president race the possibility there w

on the first word news with mark crumpton. mark: british prime minister theresa may told parliament that she will not accept an unlimited transitional phase as the u.k. leads the european union. break the terms have caused a --t in mays conservatee conservative party. they are trying to soften the country's approach to the ship. president trump is going to paris. the french president emmanuel macron's office says president trump has accepted an invitation to attend the steeled a celebrations on july 18. he will market a parade to mark the 100th anniversary of the u.s. entry into world war i. defense secretary james mattis says syrians government -- syria's government is taking a morning by the united states seriously. the head ofreatened the government with a serious consequence be much is another -- mattis noted there has been no such attack since the white house issued that surprised statement. talks aimed at reunifying the mediterranean i portland -- range today.rus one big disagreement is regarding the future of the 35,000

here is mark crumpton. islamic state is claiming responsible before attacks by gunmen and suicide bombers on two iranian landmarks today. at least 12 people were killed and dozens wounded. first attack in tehran was around parliament. the siege lasted hours and ended with her attackers killed -- four attackers killed, one of them blowing himself up. meanwhile, another suicide bomber triggered an explosion at the site of the shrine of ayatollah khomeini. and pledging to work together to promote unity and radicalization, u.s. -- u.k. leaders hold a vigil. >> we are grieving the loss of our federal ritz -- fellow brits, and we are here to extend our message that you are not welcome in our community, alive or dead. mark: faith leaders from the christian and jewish communities joined in, commending the imams on addressing the issue and offering their support. and theresa may is promising a break that cash giveaway. the prime minister says she will spend billions of pounds and government investment to support busi

now let's check on "first word" news with mark crumpton. mark: julia, thank you. 2 of the three men suspected of carrying out this weekend's terror attack in london have been identified. please kill all of them at the scene. -- police killed all of them at the scene. one of them, 27 year, was reportedly known to authorities, but authorities say there was no evidence was planning an attack. police are working to identify the third man. ,he british prime minister theresa may, is signaling she will seek new powers to root out terrorism. a tough line the day after the attacks in london the left seven people dead. those attacks occurred as the u.k. prepared for thursday's election. the prime and mr. says that stamping out terror will require -- prime minister says that stamping on camera will require difficult and often embarrassing conversations. labor party leader jeremy corbyn attacked her record as home secretary. she pointed to her cuts in police budgets and warned that you cannot take the public on the cheek. militarysays operations to driv

here is mark crumpton. mark: ladies, thank you.tacks are doing more damage than ever, and our dependence on the internet is leaving modern society increasingly vulnerable. the european union security commissioner, julian king, said today attacks are becoming more strategic, endangering our infrastructure and democratic processes. king's remarks came after more cyberattacks this week disrupted watcher hospitals and banks around the world. the british prime minister theresa may, has arrived at buckingham palace for a meeting with queen elizabeth. the meeting comes as rich lawmakers were set to vote on whether to approve the conservative government plan for a brexit-dominated parliamentary the shaky minority administration. north korea will be the focus when south korea's new president meets with president trump for the first time today. moon refers dialogue to get pyongyang to drop its nuclear weapons program. todayuse is set to vote on a proposal to russian federal funding for state and local government that has policies restricting

here is mark crumpton. mark: it may be the most expensive raise ever for the u.s.ouse of representative's in georgia. they will decide today between democrat john also off and republican karen handel that could have a preview race for the 2016 elections. could end up costing more than $50 million. the you k's chancellor protecting financial services at the heart of his plan. they have not spoken against breaking up services. >> the financial ecosystem that underpins this activity is large and complex and critical mass is important. let me be clear -- fragmentation of financial will result in poor quality, higher price for everyone concerned. >> the speech marks a shift in , controllingrnment migration to safeguarding jobs. the man accused in the london mosque attack is described by his mother as disturbed. darren osborne is being held on suspension -- suspicion of terror including murder. the mother told her son that he is no terrorist. she says he has been on medication for mental health problems here at shot down an iranian made drone insert -- seven syria accord

to get to first word news with mark crumpton. esident trump says he isn't letting the explosive congressional testimony by former fbi director james comey derail his agenda. to get to first word news with mark crumpton. during a news conference with romania's later, the president told reporters he feels vindicated. >> no collusion. no obstruction. he is a leaker. we want to get back to running our great country, jobs, trade deficits. we want them to disappear fast. he is a leaker. north korea, big problem. middle east, big problem. that is what i am focused on. mark: as joel alluded to, the president was asked if tapes exist of his conversations with mr. comey. he says he will answer in the near future. secretary of state rex tillerson is going on saudi arabia, egypt, the uae, and bahrain to ease their blockade on cutter -- qw atar. secretary tillerson says the has derogatory humanitarian consequences. >> we call on all parties to strengthen relationships. we ask that there be no further escalation by the parties in the region. +

i'm mark crumpton, this is bloomberg. julia? thanks, mark.versy surrounding president donald trump's with former fbi director james comey. yes, that is right. we will discuss it next. from new york, this is bloomberg. ♪ ♪ julia: this is bloomberg markets, i'm julia chatterley. scarlet: and i am scarlet fu. let's get a check on the number with -- nubbers with julie hyman. let's start with commodities but not energy. >> oil had a bad week and fell into a bear market, but energy had a good week. test commodities had a good week. london metals and decks up -- by .5%, and seeing some strength in the companies that produce metals and today's session. so copper and gold up 2.7 percent, newport, about 2%. one of the areas of strength we are seeing in today's session. one of the areas of strength on the week has been faltering a little bit. i'm talking about biotech. regeneron is one of the , it's fiamma sickles and biotech, -- pharmaceuticals prescriptiveand growth is showing signs of deceleration. that is according to reports that perceptions fell 2

let's check on the bloomberg first alert news with mark crumpton. rk: president trump said today that wounded republican congressman steve is quoted here in some trouble. he says he will be ok, we hope, offering that assessment as a shaken u.s. house gavel back after a day -- a shooting. the president and the first lady visited at the hospital wednesday night. vice president pence and his wife this morning. lawmakers sought a semblance of normalcy even as they offered prayers for the wounded and echoed the president in pledges of unity. to be crystal clear there is not any room in our society for hate. there is not room for violence. stand, we must act in a peaceful and orderly and nonviolent fashion. mark: a home inspector from illinois has several minor -- determine the republican party over social media, he criticize the president and the gop. he was shot and killed by capitol police. the senate has voted overwhelmingly to increase sanctions on russia and iran and .ive congress the power that is as president trump wants to confirm relationships be

let's get a check of the first word news with mark crumpton. : the supreme court giving president trump a partial ban.ry on that travel a limited version of the ban will go into effect and will hear arguments on the case in the fall. clarence thomas, samuel alito, and neil gorsuch said they would have let the entire fan take effect immediately. and a statement released by the white house, the president says the court's decision "today's ruling allows me to use the important tool for protecting the nation's homeland." the supreme court has refused to consider loosening restrictions on carrying guns in public. the justices rejecting an appeal by gun rights advocates in california. they declined to carve out new constitutional protections for firearm owners outside the home. in london today, the british prime minister theresa may has reached a governing deal with northern ireland's democratic unionists. she needs the party support on key votes after her conservatives lost a majority in parliament. the two sides agreed on extra funding for northern

let's look at worst word news with mark crumpton. mark: julie, thank you.version of president trump's travel ban is now in effect. immigrant activists are promising to fight. countries from the six countries will have to prove a close family relationship with someone in the united states or an existing relationship with an entity like a school or business. the president wants republican senators to pass "something" obamacaremes to their replacement bill. in a tweet, the president said if the republicans are unable to pass what there worked on now, they should immediately repeal and then replace at a later date. the russian foreign minister sergei lavrov says that he hopes "pragmatism" were prevail at upcoming talks between putin and president trump. the former u.s. secretary of state henry kissinger added that he hopes that washington and moscow agree that "it is more efficient to ensure a national interesting concert, not so low." russia is threatening to bansiate if the pentagon cybersecurity from a moscow-based company. it came under scrutiny after repor

i am mark crumpton, this is bloomberg. joe: "what'd you miss?" the u.s. the midst of two extraordinary expansions, the bull market and economic recovery are among the longest on record. what ultimately could bring them down? here to give perspectives on what the market and economy is doing our columnists. thanks to both of you for joining us. you both recently wrote about what could bring these good times to an end, from a different perspective. couldistorically, what bring the bull market and equities to a close? >> it is typically twofold. one would be we would see a recession, that is pretty simple. the other, the fed is too tight with monetary policy. those two things are intertwined. if you look at every recession since world war ii, fed hikes, the difficult thing when you try to handicap these things is that the fed is coming from a 0% interest rate. there is no precedent to what is going to be too high or too low. that is what makes it challenging right now. joe: connor am a from an economic perspective, how do expansions and and how similar are th

i am mark crumpton. this is bloomberg. vonnie: coming up, a week after announcing a legal absence -- a legal absence -- a leave of absence, travis kalanick steps down as ceo bloomberg. -- ceo of uber. this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. uber ceo travis kalanick has stepped down from the company. it was after many things including a series of scandals. after more than $15 billion into the company, investors pressured him to step aside, something the board would ultimately not do. joining us from san francisco bloomberg editor at large cory johnson. he is still a member of the board. there are a lot of voting shares. >> it is interesting. this is something that seemed quite unlikely because of the control. we can presume a different class of share as well as a structure. zynga and groupon and alter google. we expect that is probably what is going on in uber. the that reason, travis kalanick was not going to leave until he was ready. but surely, his investors are ready to have him go. lo

let's go to first word news this afternoon, mark crumpton is here with more. mark: president trump and south korean president met at the white house for the first time president was elected great speaking in the rose garden, president said the alliance between the two nations is an important one. more than six-day gates after our partnership was forged in the fires of war, the alliance between the united states and south korea is a cornerstone of peace and security in a very dangerous part of the world. mark: the president went on to say that the error of quote, strategic patients with north korea has failed. a scaled-back version of the present' ban is now in effect. authorities embracing the new court challenges, immigration and refugee advocates thomas to fight the new requirements. people from the six affected countries will now have to prove a close family relationship with someone here in the united states or an existing relationship with an entity like a school or business. in france, the former presidential candidate marine le pen has been charged with

let's get a check on the headlines with mark crumpton. has officially reversed his campaign so-calleddeport dreamers, undocumented immigrants who came to the u.s. as children. the homeland security department says it will continue the obama -era deferred action for childhood arrivals, designed to protect them from deportation and help them find legal work. the administration also ended attempts to expand a program to include parents. the president is also getting to fill thesomeone open republican seat on the securities and exchange commission according to people familiar with the matter. pierce is a former sec counsel and senate da. former president obama selected her as a commissioner in 2015, but her nomination stalled in the senate. there are two vacancies on the commission. london police arrested a man outside parliament they say was carrying a knife. no one was injured in the incident is not thought to be terror-related, but the u.k. is on high alert following recent terror attacks within increased police presence all over the countr

mark crumpton. : president obama said health care will does president trump said health care will be -- presidental trump said health care will be "really special" if they can get it done. president trump: it will be great health care at a reasonable cost. we get rid of so much and a lot of the taxes and all of the bad parts of obama care. it's essentially a repeal and replace. mark: senator leader mitch mcconnell postponed a vote on health care until after the fourth of july recess. nine republicans said they would not support of the legislation. microsoft analysts and police tracked the cyberattacks to a ukrainian company. the ukrainian police say a software update on woodley contained -- unwittingly contained the virus, it started in europe and reached asia. pay $300 are told to in crypto currency to unlock a computer. nicolas maduro calling a helicopter attack on the supreme court a thwarted terrorist attack and an attempt to remove him from power. it was stopped and no one was killed. it follows

i'm mark crumpton, this is bloomberg. julie? julie: thanks, mark.come, senate majority leader mitch mcconnell says the senate health care bill will be posted online in italy. we will get perspective from a doctor who is also a republican -- imminently. we will get perspective from a doctor who is also they were public and senator. ♪ julia: this is bloomberg markets, i'm julia chatterley. julie: and i'm julie hyman. julia: checking on health care with abigail doolittle now. abigail: health care is a bright spot today for the market. we have the s&p 500 setting another record high. this is up now nearly 3%. yesterday and today. the last of the bullish activity appears to be ahead of stocks in the neck -- next technical analysis three and it is out of the overbought into the oversold. health care is benefiting now, the second-best sector on the year behind technology. before a look at some of the bright spots in health care today, this is one of the bearish spots. the hospital index is down about .% of the next -- past two days mitch mcconnell could sa

here is mark crumpton. mark: bloomberg reporting now that the supreme court has reinstated the administration's travel ban. the justices will hear arguments in the case when the new term begins in october. justice clarence taubman's joined by alito and neil gorsuch said it is likely to succeed on the merits and that it will cause any irreparable harm with any new hearing. saysce thomas national security outweighs any one from muslim nations being blocked. president announced the band a week after each office in january and revised in march after setbacks in court. india's prime minister modi meets president trump in the white house today. the visit will allow the leaders to build personal report, but few people expect breakthroughs on issues such as immigration. modi is likely to lobby the president on visas for technology workers. prime minister theresa may has tried to ease the anxiety over house -- how european union citizens in the u.k. will be treated after brexit. the premise or spoke today and parliam

here is mark crumpton. mark: following up on david gura's interview with former epa administrator christie whitman, president trump will announce whether the u.s. will remain in climate agreement. that announcement is expected at 3:00 p.m. washington time. two people familiar with the deliberations say the president is leaning toward walking away from the landmark deal. mr. trump has called climate change a hoax and says the paris accord is one-sided against the u.s. the president is pushing to rescind rules on power plant emissions and methane leaks. you can watch the announcement live on bloomberg television. russian president vladimir putin government has been involved in hacking. president putin admits what he calls "patriotic independent hackers" may try to protect russia's interests on their own. he also said hackers cannot seriously influence election campaigns. on thepresident campaign pledge to free his country from sanctions that are hobbling the economy. now that he has been reelected, he may find

i'm mark crumpton. this is bloomberg. ♪ >> live from bloomberg's world headquarters in new york, i am julia. >> i am scarlet fu. joe: i am joe weisenthal p are where 30 minutes of the close of trading in the u.s.. >> you guessed it, a tech story once again. joe: the question is, what did you miss? scarlet: robert mueller's investigation now into the firing of james comey and whether the president may have obstructed justice. adidas regaining popularity in the u.s.. obamacare -- none other than jared kushner's rather. joe: let's look at where the major averages stand. abigail doolittle is standing by. abigail: we are looking at smaller modest declines heading into the close. that is remarkable because earlier, we were looking into significant declines are the dow just up fractionally. the dow had been up half of 1%. and the nasdaq -- than half down less of 1% come earlier down 1.4%. seems as though you have it on the day and tech continues to be the story. not surprisingly, the biggest drag on the s&p 50

i am mark crumpton. this is bloomberg. scarlet: once again, as mark just mentioned, attorney general jeff sessions' testimony to the senate intelligence committee is set to begin performance from now -- 14 minutes, i should say. giving you a preview. you want to staging for details of new revelations about russian hacking as well. from new york, this is bloomberg. ♪ julia: this is "bloomberg markets.' i am julia chatterley. scarlet: i'm scarlet fu. julia: let's get to washington, where attorney general jeff sessions will testify before the senate intelligence committee. lawmakers are expected to ask about his role in the firing of james comey and the russia investigation. meanwhile, in a bloomberg exclusive, we have learned that the russian hacking of the 2016 u.s. election was far more widespread than previously reported. from our d.c. bureau, a cybersecurity reporter from bloomberg news. joining us from capitol hill is chief washington correspondent kevin cirilli. and tim o'brien, executive editor of bloomberg view. you t

let's get your check on the headlines now from mark crumpton. mark?k: president trump held his first cabinet meeting in the white house, despite what he called the obstruction of democrats he told reporters that he has much great news to share with the american as they continue to deliver on promises. he went on to list trade deals completed during his recent international trip, stating that a lot of work was going to repealing obamacare. president may postpone a plant trip to the u.k. after a backlash about his remarks over the london terror attack. the day afterwards the president made the misleading charge on twitter that the mayor of london had downplayed the danger to residents. the mayor spoke about president trump in an exclusive interview with bloomberg television. >> the moment that she decided to invite donald trump on a visit, the moment she decided to offer him a red carpet, i said, well, for other reasons, because of the muslim ban, for him changing the long-standing policies of the usa regarding refugees and a whole host of policies that

let's check on first word news mark crumpton. mark: the paris prosecutor's office is open to counterterrorism investigation, after a man used a hammer to attack a police officer cytometric in the future. authorities say the officer shot and wounded the attacker. the associated press sites police union official who says the officer was patrolling the us when on in front of the world famous cathedral when the attack and hat -- happened around 4:30 p.m. harris -- paris time. fire in a police van killing one officer greatly wounded two others in another attack. tech was shot dead by police. the mayor of london says he doesn't care about the repeated insults from the president united states. he asserted today that quote, he really couldn't be bothered about what donald trump tweets. mayor sadiq khan has a history -- of the british capital's first muslim leader, has repeatedly been targeted by president trump on twitter after saturday's attacks and they won the area that claimed seven wives. president pence demand for telling the public

i mark crumpton, this is bloomberg. david? president donald trump's america outside help.nuchin be can according companies to join a tolic-private partnership begin building infrastructure. let's talk about how the treasury secretary is going about doing this. there was a big event outside washington dc earlier this week. the treasury secretary noted how big it was and all the people who were there. what were they trying to do and what were they talking about with members of the u.s. government? in mind herehave was finding investors for the huge infrastructure construction plan that donald trump has been pressing for since his campaign. even of course, has not begun to move through congress. they do not have any kind of even a draft done. they are trying to figure out how to finance that, and i think a big piece of that for the white house would be foreign investment. what is the message -- david: what is not only the message from white house officials but cabinet officials to these prospective investors the ipo -- investors? send us yourease money. i would not blame a fo

mark crumpton has more. : a terminally general -- attorney general jeff sessions will testify publicly before the senate intelligence committee tomorrow. he will answer questions about his role in the firing of former f yet director james comey. comey'sing follows testimony last week, which raised questions about sessions's conduct. you requested a public hearing, saying, "is important for the mac and people to hear -- the american people to hear the truth directly." neil gorsuch has issued his first opinion. the court ruled today that santander consumer usa does not fall under a federal law and that unscrupulous debt collectors. the company purchased defaulted car loans and sought to collect the money that was owed. detained hundreds of anti-kremlin protesters across russia today, including the opposition leader. he called on supporters to the five official refuses to permit the rallies. more than 700 demonstrators were detained in several cities with the largest police action reported in saint st. petersbur

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's wild worl world bloomberg's will is in new york. scarlet: u.s. stocks having a winning wednesday. the question is, "what'd you miss?" scarlet: policymakers sound a more hawkish tone. a finale results from part two of the annual exercise. blue apron slashes its ipo price range. the company says amazon's recent bid for whole foods is a reason for cutting is target market valuation. julia: let's look at where the average is down. abigail: we are certainly looking at a rebound rally for the major averages today after yesterday's selloff. 500 all nasdaq, s&p up.the nasdaq is on pace or close to erasing yesterday's decline. impressive trading after some of the bearish action yesterday. based on the fact that the nasdaq is outperforming the other two averages, you would think tech is the sector today, but look at banks. this seems to be a bit of a sector rotation. this is the third day up for the financial sector. this ahead of the third rele

let's check in your headlines with mark crumpton. mark: thank you.nt trump'travel ban will take effect tonight according to a person familiar with the matter. that will give nbc's and consulates worldwide enough time to figure out how it works. this band focuses on how to -- on six predominantly muslim nations here at new applicants must prove they have a relationship here in the united states. senator bob corker it expects republican leaders to scrap the provision in their health bill that would repeal a tactics that affects high income earners. the republican says the decision to retain obamacare's 3.8 percent tax on net investment income would help republicans boost subsidies for low income americans. the remarks came after several senators began russian whether the bill should be repealing so many taxes on wealthy americans and whether legislation would scale back subsidies for the port. a topic european security official says these attacks are doing more damage than ever and our dependence on the internet is leaving modern society increasingly v

mark crumpton has that.--ey will surely the supreme court will issue its last opinions of its term on monday according to john roberts. casesurt has six argued awaiting decision, though it could schedule some for second argument in the term that starts in october. president trump is to revive his -- travel ban is on a separate track. justices could act on that at any time. a judge has refused to rule that an army sergeant captured by the taliban -- ended his afterorized absence hours he left his post in afghanistan in 2009. his lawyers had asked for the ruling so they could advise him on how to enter a plea to the desertion charge. it was held captive by the taliban and its allies for five years. judge said today the length of his unauthorized absence should be decided at trial in october. killed, 35 people were 100 others wounded in three separate bomb attacks in two major pakistani cities today. the suicide number was involved in the first park bombing in the southwestern city of canada that killed at leas

and we have mark crumpton. mark: president trump ended weeks of speculation today and said he does not have tapes of his conversations with then f.b.i. director james comey. the president tweeted that he did not make or have any recordings. mr. trump himself raised the question of whether he was taping his oval office conversations when days after firing mr. comey in may, president sent out a series of tweets suggesting the existence of tapes. as we have been reporting, is in the republicans have unveiled their bill to replace obamacare. it includes a longer transition period than a bill already passed by the house. and it could lead to major cuts in medicaid for low income americans. the senate democratic leader chuck schumer blafmented the legislation. senator schumer: in three short years under the senate bill, republicans will kick millions off their medicaid coverage. mark: senate majority leader mitch mcconnell is pushing for a vote next week. but it's not clear if there are much votes to pass it. and sena

. ♪ david: let's check in on the first word news with mark crumpton.sk: president trump doubling federal money set on learn to earn programs to $200 million. the white house is issuing new guidelines for apprenticeships. all of this to fill about 6 million vacant jobs in the u.s. the president is directing the labor department to expand programs to increase the number of company apprenticeships and reach out to women, minorities, and young people who are underrepresented. some 60% of americans believe the president interfered in russia probe. according to a survey, mostly democrats and independents think the president tried to obstruct or impede the investigation. those polls are split on whether the justice department's probe can be fair and impartial. only 22% support the president's decision to fire former fbi director james comey. the trump administration is no longer considering utah attorney general sean reyes to lead the federal trade commission according to people familiar with the matter. he had been in the running to lead the agency and urged

mark: -- mark crumpton. sions says the justice department looks forward to defending the travel ban when the supreme court hears arguments on the case in october. today, justices gave the administration a partial victory, allowing them to mostly enforce the 90 degree man -- 90 dave van. said the twopinion federal courts that block the policy went too far to limit the authority of present trump over immigration. sessions says that the decision is an important step towards restoring the separation of powers between the branches of the federal government. senate republican leaders today released a slightly revised version of their health your bill as mitch mcconnell tries to win over the holdouts to pass the measure. they encourage provisions to allow domain -- americans to maintain continuous health care coverage and impose a waiting r inod of 63 days or longer the prior year. the indian prime minister meets with president trump at the white house today. the visit will allow them to but fewrsonal rapport, peopl

i am mark crumpton. this is bloomberg. david: vonnievonnie: mark, than.berg news have learned that emil michael is leaving the company. we could learn other changes next. this is bloomberg. ♪ vonnie: breaking news now from the ninth circuit . the ninth circuit will rule soon on the trump travel ban. not quite sure exactly what sin means on trump's and. travel ban. bloomberg news has learned that uber's emil michael is leaving the company. he is the ceos close as confident at the company. james on the phone from the west coast. you said that uber is battered and bruised, but we expect ceo travis kalanick to stay on. michaelsay that emil would be gone. james: ultimately the jury is still out on what will happen with travis, but at the end of the day, uber did need a fall guy and michael was that. he was arguably the most powerful man at the company outside of the founder himself. that puts the burden on his shoulders, at least from a public standpoint. when you think about mr. callan exposition, the one thing to keep in mind is that this potentially the opp

lesson get a check on first word news here is mark crumpton. mark: the u.s.ent of homeland security is said to be pushing overseas airports for greater security on electronics. a ban on in cabin electronics larger than a telephone started airports inering 10 the middle east and africa. there have been months of discussions on whether to increase the ban. europe has pushed back saying they are too disruptive. british prime minister theresa may told parliament she will not accept an unlimited transactional phase as the u.k. leave the eu. there are riffs between her party and the labour party. the investigation continues into the deadly london fire. prime minister may said at the outer covering known as cladding was not compliant with building regulations. jeremy corbyn said "it exposed the disastrous effects of austerity." british police have increased the number killed or presumed dead, 80 and a final death toll may not be known for months. abc knows as south dakota beef newscts have reached a -- and south dakota beef products abc reached a deal after claimed

i'm mark crumpton. this is bloomberg. headlines --e some we are waiting for comments from to respondp's lawyer to the comey hearing. he is saying trump never told comey he expected loyalty. os.s, according to axi he's also saying comey leaked privileged information. what comey said in that press conference was that he handed memos to a friend that he expected would lead -- would leak those memos. that is according to donald trump's lawyer. scarlet: this is a statement put out on twitter. he indicated the president never stopted james comey to investigating. we will bring you more headlines as a cross. in the meantime, we want to go back to the breaking news that the jpmorgan coo is leaving the bank. he was considered a possible successor to date -- to jamie dimon. this is bloomberg. ♪ julia: this is bloomberg markets. i'm julia chatterley scarlet:. scarlet:i'm scarlet fu. president trump's council will be making a statement shortly. this is coming after james comey completed his testimony on capitol hill. we will bring yo

im am mark crumpton. this is bloomberg. >> live from bloomberg's world headquarters in new york, im julia chatterley. scarlett: i am scarlet fu. joe: i am joe weisenthal. we are 30 minutes from the close of trading here in the u.s.. what did you miss? revised bill. mitch mcconnell faces what is shaping up to be one of the yet as support for his health care measure weightings and the cbo releases a score today. es and the cbo releases a score today. our interview with board members later this hour. take a look at where the major averages a stand as we head toward the close. abigail doolittle is standing by. abigail: very small moves. dow and s&p trading modestly, slightly higher. nasdaq down nearly .2%. that doesn't really tell the story though. all three averages had been a .5% or more. the nasdaq is now down more than 5%, a one percent swing. we have intraday volatility. i reached out to people on the street. no one really knows what it's going on. sometimes, that volatility could be noise. we have intra

here is mark crumpton. mark: russia claims they may have killed the leader of the islamic state. they say they are verifying intelligence that he was killed late last month in a russian airstrike in syria. other senior leaders of the group are reportedly killed. the russian foreign minister says there is no one hundred percent confirmation he is dead. the white house conscience that in the past russian claims have been inaccurate. louisiana congressman steve scalise remains in critical condition today after being shot during baseball practice in virginia on wednesday. he had surgery yesterday. dr. say he will need additional operations. -- dr.'s say he will need additional operations. people who work on president trump's campaign are being told to save any documents and records they might have in case they are needed for the rush investigation. bloomberg news has obtained a letter from campaign committee had michael glasser directing any data.t to delete the man who led germany through reunification is dead. he was the chancellor of germany or 16 years, including when the berlin

here is more crumpton. markthat the partial reinstatement of president trump's travel blanche -- travel ban is disappointing. he called the ban misplaced and misguided and said "it had no basis" and whatnot help desk would not help fight terrorism. -- whatnot help fight terrorism. fightld not help terrorism. migrants have been trying to reach europe on unsafe boats. u.n. said at abates smugglers took advantage of smooth seas to lunch as many votes as possible. u.k. treasury chiefs that his country once to keep is -- wants to its economy anchored. speaking at a berlin -- speaking in berlin, philip hammond talked about a cliff average as britain negotiates his departure. >> in the end, the question is not whether to eat cake or who has the largest slice, the question that matters is whether we can be smart enough to work out how to continue collaborating together to keep the cake wrote for the but -- working for the benefit of all. mark: he said the outcome -- he said a bad outcome is a real one not only for the u

time to check first word news with mark crumpton. as david mentioned a moment ago, it is official. james comey will testify before the senate intelligence committee on june 8. the senate said the former fbi director will appear in the open session in the morning followed by a closed one. they will hear testimony about circumstances that led to his firing on may 9 and look into potential time -- ties between trump's campaign and russian interference in last year's election. and we have been reporting the president will announce when -- whether the u.s. will remain in the paris climate agreement. two people familiar with the deliberations say he is leaning toward walking away from the landmark deal. hoax and the it a paris accord is one-sided against the u.s.. washington will rescind rules on powerplant munitions and methane leaks. he can watch it on bloomberg at 3:00 washington time. the hurricane center will try giving people deadli for emergency preparation in miami. the forecast advisories will go out with tropical storm force winds

i am mark crumpton. this is bloomberg.s get a recap on today's market action, or perhaps lack of action is a better way to put it. all three indexes retreating from record highs but barely moving when it comes down to it. the nasdaq down by 10 points. you as we have been telling all day, emily chang sat down exclusively with apple ceo tim cook. don't miss that interview coming up at 5:00 p.m. julia: escalating tensions over ran are coming to a head -- over in thee coming to a head u.s. plus arab allies. >> a dramatic few hours as saudi arabia, the united arab emirates, egypt and the rain cut off diplomatic ties with qatar. this comes in response to what the saudi's have maintained is a the of conviction from qatari fund when it comes to the global fight on terror. they are urging reconciliation with iran. -- qatarcooperation responded, saying the gulf cooperation moves are without basis and they will respond accordingly. this move is unprecedented for this part of the world. the best way to compare it is a country like ger

in the meantime, let's get to first word news with mark crumpton. have in washington, we been reporting senate republicans have delayed a vote until after the july 4 sets. theh mcconnell made announcement today after a group of senators declined to support even a procedural vote on a measure. >> we will continue the discussion on the conference and the distances -- differences we have and continue to try to litigate. we will not be on the bill this week but we are working toward getting at least 50 people in a comfortable place. >> no matter what tweaks they may add in the next week and a half and a half in a matter how the bill changes around the edges, it is fundamentally flawed at the center. not wantcan people do medicaid slashed. >> president trump invited republican senators to the white house this afternoon. the state department has devoted china to the lowest ranking over the country's human trafficking record. tillersonof state rex report on trafficking. ivanka trump, the president has his daughter and senior white house adviser. and said t

scarlet: let's get you the headlines once again with mark crumpton. moments ago, president trump will announce that the u.s. will exit landmark paris climate change agreement, according to a person familiar with the decision. you're looking at a live shot of the rose garden. the president will make the announcement at 3:00 p.m. washington time. world hotel and casino in manila says on its verified twitter account that it's on lockdown after reports of gunfire. it also says the company is working closely with philippine police to ensure that all of its guest and employees are safe. "the new york times" sites local media reports that explosions were heard near the vicinity of the hotel and that social media showed wounded and frightened people leaving the casino. tactical police units have reportedly descended on the area. vladimir putin denies that his government has been involved in hacking. speaking to a small group of journalists in st. petersburg, putin admitted that what he called patriotic hackers may have tried to protect russian interests on the

i am mark crumpton. this is bloomberg. ♪ live from bloomberg world headquarters in new york, i am julia chatterley. i am scarlet fu. joe: an im joe weisenthal. towards thestocks final close of the week. joe: but the question is -- "what'd you miss?" where do republican senator's compromise to get the obamacare replacement bill passed? and we look at how financial markets have responded to brexit negotiations and how tax innovation and global inequality are correlated. some interesting data to draw conclusions. you a look atet where the major averages stand. abigail doolittle is standing by. you, joe,riday to scarlet, and all of our viewers. the dow is down ever so slightly, being weighed down by home depot. that's an reaction to the better-than-expected home sales, but we have the s&p 500 slightly higher. the nasdaq is on its third update in a row. all three major averages are on pace for their third weekly gain. and then take a look at the russell 2000. into the bloomberg and take a look at the s&p 500

i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york, i am julia. scarlet: i am scarlet fu. joe: i am joe weisenthal. we are 30 minutes from close of trading in the u.s. >> u.s. stocks in the red for the second day running. joe: the question is, what did you miss? scarlet: not rated by the apocalyptic. shares of electronic companies dropping. congress confronts sessions. he will appear before the committee tomorrow, but will his refusal to discuss the president add more confusion to the mix? board relieving the head of business, but will this be enough to address the company's string of scandals? let's take a look at where the major averages stand as we go to the close. abigail is standing by. abigail: today, the bears are in control. we have declines in the three majors. they are all lower, but off of earlier lows. the nasdaq had been down 1.6% so we feel a little bit of relief whenthe hard-core selling the nasdaq closed 1.8%. the first down day for the doubt in

i am mark crumpton. this is bloomberg. ♪ vonnie: thank you for that.ew questions raised about president donald trump and whether he would like to settle the investigation into russian interference. this is bloomberg. ♪ ♪ this is bloomberg markets. politics and questions being raised by donald trump and letter he tried to slow the investigation into the 2016 interference. joining us is the chief washington correspondent kevin. this does nothing to be weighing on the president. we saw in celebrating workforce week. he was in good spirits except for tweets. kevin: the president earlier this morning tweeted out witchhunt, referring to the washington post report last night suggesting mr. moeller's investigation is looking at the possibility of whether president trump obstructed justice. the administration said there is no evidence, which they had previously reported investigating general flynn regarding. evidence or be no investigation into obstruction of justice. republicans agreed. must becrats said they heading in the impeachment direction. vonnie: what

here's mark crumpton. : more on our top story of the day, that shooting at that baseball practice this morning attended by congressional republicans in alexandria, virginia. pennsylvania congressman patrick man is listed on the roster for tomorrow's congressional charity baseball game. he wasn't at this morning's practice but he did speak to reporters at the capital. heis jeff was locking out actually saw the shooter who spoke to him and said, who are those guys? he said, that's the congressional baseball team. he said, what are they, republicans or democrats? he said, he republicans. that was the conversation he had. >> he said he acted a little weird. mark: vermont senator bernie sanders says he was informed the alleged shooting volunteered on his presidential campaign. sanders released his statement which reads in part, i'm sickened by this despicable act. let me be as clear as i can be, violence of any kind is unacceptable in our society and i condemn this action in the strongest possible terms,". presi

i am mark crumpton. this is bloomberg. vonnie: thank you. coming up, apple enters the ring, debuting the homepod yesterday, more from our exclusive interview with tim cook on what he is betting on a voice controlled speakers. and taking on tough competition. this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets. his first major new product in two years at the center of a growing home tech empire. the homepod speaker is the latest effort to keep customers in its ecosystem. and an interview with tim cook, our emily chang this does the future of the tech giant and why can cook is challenging amazon and google. mr. cook: we have tried to build something that is a breakthrough speaker first. music is deep in our dna. dating back from itunes and ipod. we wanted something that sounded unbelievable. i think, when people listen to it, they will be shocked over the quality of the sound. of course, it does a lot of other things. all those are important. wanted a high quality audio experience. emily: you are focused on how this could reinvent music a

i'm mark crumpton, this is bloomberg. david? david: mark, thank you.nt trump once more private investors to spend more money on infrastructure, that's something that happened successfully other countries, but not to the same extent here. my collie covers infrastructure ,nd joins us now columbus, ohio 100 miles away from with a pleasant -- president will be tomorrow speaking in cincinnati. what do it other countries do differently than we do here, and h harwill be to apply what they do to the u.s.? >> part ofits first history of countries doing it. in some countries the federal government owns more the assets so it's easier to do those deals. a lot of this has to do with barriers that exist in the united states and have for a while. for example, it's much easier to tap the tax free municipal deck market to get money for projects. we also other barriers including legal barriers, were not all states are authorized to do this -- public-private partnerships. we also have political where, particularly unions and democrats say some of this is privatization. t

i'm mark crumpton. this is bloomberg.he south korean president will meet for the first time today. gettingre a common goal north korea to abandon nuclear and missile programs that were expanded under kim jong-il and. the issue is that both leaders have different ideas how to accomplish that objective. the latest is the bloomberg political reporter in washington. to what extent do we think the leaders managed to coalesce around one plan, one strategy for achieving demilitarization of the korean peninsula? >> that is the real question going into this meeting, the first time that president moon and president trump will meet one another. they obviously have very divergent approaches. trump has taken a belligerent tone, issuing warnings and trying to ratchet up pressure on countries in the region. on the other hand, the south korean president ran on trying to calm those tensions down. the're going to talk about power moves. seen inhat we haven't the past. and it will be a real question of how they reconcile those approaches. d

mark crumpton has more. mark: replacing obamacare.s a longer transition -- than a bill already passed by the house and is expected to result in millions losing their health insurance. >> we agree on the need to free americans from obamacare mandates and policies contained in a discussion draft here at will repeal the individual mandate so americans are no longer forced to buy insurance they don't need or cannot afford. mark: leader mcconnell wants the senate to vote on the bill next week but it is not clear republicans have enough support to pass it. nancy pelosi has been taking heat from fellow democrats after her party posse special election loss in georgia this week. one person coming to her defense is president trump. the president tweeted today, taking a swipe at new york's democratic senator chuck schumer, the merger -- minority leader in the senate. he said i hope democrats do not force nancy out here that would be very bad for the republican party. say.e let crying chuck an early test for theresa may and brexit. european union

let's check in with mark crumpton. mark: david, thank you. senate intelligence committee opened up two days of role in about russia's the 2016 presidential election. one focus is whether president trump had influence on the fbi's investigation. lawmakers got no help from the director of national intelligence rate >> -- national intelligence. >> i do not feel it is important to me in the public session in which confidential conversation between the president myself is to be addressed in a public session. mark: the star witness, james comey, is scheduled to testify tomorrow. president trump has picked up former admiral prosecutor to replace mr. comey. and a tweet today, the president said he will nominate christopher wray who ran the justice department's criminal division under george w. bush. the president calls ray a man of impeccable financials. the former wife of one of the legend bridge attackers said she , saddened,shocked and numbed by her ex-husband's actions." us they went was released saying they had a daughter together and split up a