i'm mark crumpton, this is bloomberg. scarlet? scarlet: thank you, mark. we are monitoring shares of sprint, spiking right now after it was reported that the chairman of the company had engaged in conversations with warren buffett and john malone and -- in participating with some kind of deal with sprint. he met with berkshire hathaway and liberty separately, and of course this was happening apparently at sun valley, idaho. we will continue to monitor these headlines. sprint up by better than 2.5% of the moment. from new york, this is bloomberg. ♪ ♪ julia: not to washington, senate majority leader mitch mcconnell's health care draft is headed to a further rewrite again. while in paris earlier today, donald trump voiced his support from o'connell's work on twitter, tweeting "republican senators are working hard to get their failed obamacare replacement approved. i will be at my desk, pen in hand." is an unfortunate word. take three. we knew this was destined for a further rewrite yesterday, when we got that quick take statement fro

mark crumpton. cretary james mattis says investigators are still scrutinizing details of north korea's intercontinental ballistic missile launch. he says every missile test conducted north of the korean peninsula revives additional information. secretary mattis says the pentagon was not taken by surprise when north korea fired the missile on july 4. he said the u.s. was aware as soon as it was launched. trump is encouraging eastern european nations to buy u.s. gas. speaking in poland today, mr. trump said "the united states will never use energy to coerce your nations." that was a reference to russia who has sometimes stopped shipments overpricing disputes. poland received its first shipment of american liquefied natural gas last month. the justice department is questioning whether some so-called actuary cities are responding honestly when asked whether they follow the law on sharing the immigration status of residence. attorney general jeff sessions says the department is reviewing responses from 10

mark crumpton is here with more. : senate majority leader mitch mcconnell's latest health care draft almost certainly is headed to rewrite again to find a way to appease the handful of republican moderates worried about medicaid cuts. no margin to lose republican support. the white house says president trump spoke by phone over air force one today with king solomon of saudi arabia to congratulate the president on the u.s. led coalition's victory over islamic state in the iraqi town of muscle. the leaders are said to have discussed recent diplomatic efforts to resolve the dispute with qatar. the president emphasized the need to cut off funding for terrorism and to discredit extremist ideology. a russian-american lobbyist says he attended that meeting with donald trump junior and a russian lawyer that wanted to provide negative information about hillary and 10. the meeting took place in june of 2016 during the presidential campaign. he says he was present but the meeting was not substantive. it has raised for the questi

i'm mark crumpton. this is bloomberg.: making 400% return in less than a month, welcome to the world of crypto currency. how legal are they? step in? regulators from new york, this is bloomberg. ♪ julia: this is bloomberg markets. i'm julia chatterley. julie: julie hyman. let's check on markets with abigail doolittle. abigail: small gains for the dow in the s&p 500 up between .1 and .2%. small gains and losses, but look at the nasdaq leading the way on .5%. tech is a top sector today, but not the top sector. the top sector is the material space and we have lots of gainers in the material space including mosaic industries and fmg court. and our bloomberg intelligence analyst earlier told me that he believes this has to do with isengthening the green which rallying on drought concerns in warm weather out west. richard board thinks it has to do with the weather. striken a potential other competitors mine in chile. les, the ceo's meeting with indonesian officials to work out concerns there. another stock popping higher on the

i'm mark crumpton, this is bloomberg. scarlet? scarlet: thank you, mark.oming up next, group are looking to feel the leadership uber lookingl -- to phil the leadership vacuum caused by the departure of the co-founder. from new york, this is bloomberg. ♪ this is bloomberg markets. i'm julia chatterley. scarlet: and i am scarlet fu. uber has set its sights on a new chief executive to fill the leadership vacuum. hewlett-packard was under consideration, but she withdrew her name, saying she was not going anywhere. their new ceo will not be make it in. -- meg whitman. olivia, let's start with the fact that whoever is going to be the new kluber ceo -- uber ceo will need to be approved by the board, but that comes gets things because they are kind of divided and includes the deposed ceo. messy in the executive search. subcommittee has a board made up of five individuals that are looking for the next ceo. we understand it has been a bit of a messy process, and people as divided on what they see the most important qualities for this next ceo. we understand they wan

here is mark crumpton. mark: after last week's failure to pass the republican health care bill, senator jeff flake of arizona spoke to bloomberg about the next step. >> what is over is an attempt to do it with just republican votes. we have reached the limit double the we can do with republican votes on health care now. mark: he acknowledged there are limitations to what can be done on a partisan basis. he stressed health care is not going to end and it still needs to be fixed. vice president mike pence says the u.s. stands with the baltic nations against any threats from russia as tensions continue to rise between washington and moscow. the vice president made his first stop on a trip to eastern europe. reports of planned russian military drills in september simulated anast attack from the region. the chinese president says his military has the confidence and capability to strengthen his countries rise into a world power. he has pushed for a modernization program and that making the military a leaner force

let's get a check on first word news with mark crumpton. ing for president trump from atop republican senator. south carolina's lindsey graham was blunt in discussing actions the president might take against attorney general jeff sessions, and special counsel robert mueller. >> there will be no confirmation hearing for new attorney general in 2017. if jeff sessions is fired, there pay.be hell to any effort to go over -- any effort to go after robert miller would affect the presidency unless robert mueller did anything wrong. the white house denies report. congress has struck a deal on the bill that can limit the president's power to limit sanctions on russia. they will vote on the house bill that includes sections on north korea. white house communications chief, anthony scaramucci tell cnn, president trump may sign the bill or veto it. hillary clinton will unveil the title of her new book. shelvesppened?" his september 12. she promises to reveal unprecedented details of her white house campaign. the upcoming memoir was originally built as a

a check on first word news with mark crumpton. more airlines said it they are named as exempt for the ban on the. emirates and turkish airlines americanatisfying security concerns. in march, the u.s. banned laptops from 10 airports because of fears that the devices could contain bonds. president trump is on his way to warsaw, the first stop on his trip to europe. veteran diplomats and analysts are concerned about friday's meeting between the president and russian president vladimir putin and they are worried it is a mismatch. the two meet in homework, germany at the g-20 some -- hamburg. germany at the g-20 summit. experts will be called into oversee the grenfell tower. british police say that were covered all visible remains from the london tower three weeks after the blaze tore through the building and killed at least 80. the final death toll may not be known for months. a new york city police officer was killed this morning after officials said a gunman walked up to patrol vehicle and shot through the window. the attack on the

let's check in a first word news with mark crumpton. rk: the united nations security council holds an emergency meeting on north korea's launch of a intercontinental ballistic missile. secretary of state rex tillerson called the launch a new escalation of the threat to the united states. and south korean forces responded and testfired antimissile weapons into waters off south korea's east coast. president expressed frustration with china before heading off to a trip to europe. mr. trump tweeted trade between china and north korea grew almost 40% in the first quarter, so much for china working with us, but we had to give it a try. heavy rain since the beginning of india's monsoon season has triggered landslides that have killed at least 20 people. disaster management officials saying nearly 40,000 people have been forced from their flooded homes. monsoon season runs from june through september. the british prime minister says the hospital treating a terminally ill infant will consider any offers for new information that could help him. th

i am mark crumpton. this is bloomberg. scarlet: coming up, elon musk says they are ahead of schedule on production of the model 3. find out when you will be able to get one of their most affordable vehicles. from new york, this is bloomberg an. ♪ julie: this is "bloomberg markets." tterly.lia cha scarlet: i'm scarlet fu. the deal closed today creating a powerhouse second in size. tradingcompany begins wednesday. in london, four former barclays executives say they will plead not guilty to fraud allegations. among those accused, the former c.e.o. musk says the new model 3 electric car asked all regulatory requirements two weeks early. he says the hand over party for the first 30 customers will be held july 28. it will be teslas cheapest vehicle yet. the base price is expected to be around $35,000. for more on tesla and auto sales , let's go to the detroit bureau and david welsh. give us more perspective on this tesla announcement from elon musk. he has been quiet thus far on the model 3 and the schedule. today indicates ever

we turn to mark crumpton. rk: republican senators want to interview donald trump junior ft -- after he admitted he met with the russian lawyer during his father's presence and campaign. the senate intelligence committee should talk with the younger trump as part of the panel's investigation into russia's meddling into the election. tillersonof state rex is a knowledge in severe strains in u.s. and turkey relations following a meeting in a sample -- in istanbul. tillerson has admitted that the relationship has been under some stress for some time. >> i hope we are putting it on the mend. hours ofad about six meeting with president erdogan and things are getting better in terms of the tone between us. we'll -- we are beginning to rebuild some of the trust that we lost in one another. mark: washington and ankara must strengthen the relationship going forward. theresa may will call on opposition lawmakers to help steer britain of the european union. in her speech tomorrow, may will re-state her view that it will ta

for that we turn to mark crumpton. : iowa senator chuck grassley says he's quote, very pessimistic his fellow republican senators can settle their differences and come together to pass the health care bill. a vote is scheduled for next week. presley protects republicans would lose their senate majority, if they break their promise to repeal and replace obamacare. 's voter fraudp advisory committee is suspending its controversial request for state voter information. instead, he will wait for a federal judge to rule on whether the order violates privacy laws. 44 states have refused to have much of the information the committee wanted. syria's ambassador to the united nations is appealing to quote, genuine partners to help end this country's devastating six year civil war, insisting that such international cooperation must involve president bashar al-assad's government. >> we need the political commitment of everybody to work it out. you cannot put an end to the war only by yourself. you need to have genuine partners to co

let's get a check on the first word news with mark rich crumpton. ident trump is defending his decision to allow his daughter to sit in for him during the g-20 summit. and it's week, the president wrote, "when i left conference room for short meetings with japan and other countries, i asked ivanka to hold seat. angela m agrees." that's referring to angela merkel. fire tore through camden market, causing major damage. there are no reports of casualties. 28 million people visit the markets 1000 shops, restaurants, and bars every year. a fire in 2008 nearly destroyed the market, closing it down for over a year. a british court has given the parents of 11-month-old charlie gard a chance to present evidence that there terminally ill son should get treatment. previous court ruling said the child cannot receive treatment for a rare genetic disease and he should be taken off life support. the application came after pope francis and president trump brought international attention case. syrian officials arrived in geneva today for cease-fire talks and to bring

i am mark crumpton, this is bloomberg. >> coming up, blue paper fresh lows on growing competition, specifically from amazon, phone 34%. andill tell you why kerry sing unto consumer and internet. you tomorrow 1:00 p.m. new york time tomorrow. this is bloomberg. ♪ >> amazon making big shares -- waves again. amazon filed trademark application for this -- another company's acquisition. let's go now to cory johnson in san francisco. talk us through the timeline a little bit. it's been one months and amazon made the bid for whole foods. we know about the details of this so far. >> i see what's important -- i think this is overblown in terms of the effects on blue apron. it's useful to look at kuwait, understand their financials because they have given us , of a one which will tell you about. amazon will try anything, for anything against the wall and what sticks. food delivery is something that taken a lot of shots at in failed thus far, but they continue to look at this from different perspectives. foods -- it makes it seems li

here is mark crumpton. mark: before heading to poland, or to germany, excuse me. told the donald trump crowd in warsaw that western nations must stand up to the twin evils of terrorism and stifling government bureaucracy that threaten individual liberties. the president laid down a stark vision of a clash of civilizations and said it is not clear the west can survive. he argued the nation's can prevail but only if they cling tight to the values of faith, family, and freedom. >> the west became great not because of paperwork and regulations, because people were allowed to chase their dreams and pursue their destinies. >> as money mentioned a moment ago the president is in hamburg, germany for the g-20 summit. bombed ther who rihanna grande concert was not part of a network. that's according to police is say the investigation is continuing and more arrests's me the made. he detonated a bomb as crowds were leaving the arena killing 22 people and himself. authorities said today that they are looking for one other suspect after reading half a dozen sites. they insisted

mark crumpton has those.during weekly conference at today on capitol hill, both leaders on the house democratic and republican side touched on the senate push to rewrite u.s. how care legislation. and the health and well-being of the american people are in mortal danger as the senate continues or. republicans may call their latest iteration -- we call it the repeal and run plan -- they call it skinny, but it is huge in terms of the cost increases and coverage losses. >> i will reserve judgment until i see what the senate adduces. they are about to go into their vote-a-rama, which is all of these amendments. it is anyone's guess what they come out with. we will reserve judgment until we see what the senate produces. mark: gop leaders are main confident they can push a bill through. it is still unclear how that will happen, or what will be in it. white house chief strategist steve bannon's plan to raise the top income breaks for the highest earners could find support among congressional republicans. according t

mark crumpton is here with more. rk: russia is striking back at the united states for those new sanctions approved by congress. the u.s. has been ordered to reduce the number of diplomatic and other personnel in the country. the interfax news agency says hundreds of american personnel would have to leave. russia's foreign ministry says relations between moscow and washington have become hostage to the domestic political battle in the u.s. u.s. and japanese officials are looking into whether the projectile fired today by north korea was an intercontinental ballistic missile. it was airborne for about 45 minutes before landing in the sea of japan. south korea has called a national security meeting and the white house says president trump has been briefed. north korea successfully launched an icbm on july 4. friday prayers ended peacefully at the al-aqsa mosque in jerusalem. israeli police have been on high alert as the shrine has been at the center of prolonged tensions these past two weeks. the demonstration started af

mark crumpton has more. : donald trump acknowledged russia interfered in last year passes election. the president spoke in a news conference after meeting with poland's president. president trump: mistakes have been made it i agree, i think it was russia, but i think it was probably other people and/or countries and i see nothing wrong with that statement. nobody really knows for sure. president trump says president obama was told about russian interference last august but did nothing about it. leaders from the european union and japan have reached an agreement in principle on free trade. they have given their approval to an accord that would eliminate 99% of the tariffs between the two partners. the eu is trying to counter president trump's protectionist stance on his second trip to europe. statement on fair trade in today's's world. on fair trade in today's's world. it sets the standard for others. closing ourselves off to the world is not good for business nor the economy and not the workers. the eu aims t

scarlet: let's get a check of the headlines with mark crumpton. nanimous decision, the nevada parole board has rented o.j. simpson his release from prison effective in october. the 70-year-old simpson has spent more than eight years behind bars for armed robbery and assault with a weapon after trying to take back sports memorabilia in a hotel room in las vegas in 2008. , spendingcome here nine years making no excuses about anything. i'm sorry things turned out the way they did. i had no intent to commit a crime. i came here -- i tell the inmates all the time, we are all convicts. i am a convict. board'se of the parole commissioners said letters opposing simpson's release requested the board take into account his 1995 acquittal on murder charges in the deaths of his wife nicole brown simpson and her friend ronald goldman, as well as the civil decision that found him liable for their debts. the number of americans without health coverage would be increased by 22 million in the next 10 years according to the congressional budget office. the cbo finds

i am mark crumpton. this is bloomberg. ♪ >> life from bloomberg's world headquarters in new york. >> scarlet fu is on assignment today. we're counting down the closing trading here in the u.s. >> stocks and bonds jump. she did not offer much clarity. key readings today and the outlook for wheat crop is looking less dire. a $1 billion day. with an analyst in today's focus on tech. ♪ julia: let's look at where the major averages stand. abigail doolittle is standing by. abigail: indeed there is. , all solidlyn higher. on pace for their best days since june 28. the nasdaq leading the way up more than 1% as some tech stocks hit record highs including facebook. look at the emerging markets index, really outperforming in a big way. all of this after fed chair janet yellen's congressional testimony was considered to be dovish. quite where the fed would like to see it. this suggests rates could stay lower for longer. we look at the 10 year yield we see that when the prepared testimony came out, a nosedive in yiel

with bloomberg headlines, mark crumpton has more. ce president tencent the united states stands with baltic nations against threats from russia as tensions rise. vice president made estonia his first stop on of his to eastern europe, following last week's russian-chinese exercises in the baltic sea, and comes before claimed dutch plan russian military drills in september that have passed, simulated attack on the region. hill mayns on capitol have to choose between pursuing another health bill and pushing protection from this here. congress must fund the government after the end of this month. different activists seven decade career included to orson welles, and other acclaimed directors -- have died. emmanuel macron celebrated perot for going beyond earlier roles to embrace other genres, calling your quote, always rebellious. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. mark crumpton, this is bloomberg. >> after the collapse of the obamacare repeal, republicans may have to t

let's check your first word news with mark crumpton. mark: president trump says retired marine general john kelly will do a fantastic job as white house chief of staff. terry was sworn in this morning. kelly replaces the reince priebus -- they reportedly have one thing it is never did, the backing of the monica and her husband jared kushner. week's failure to pass the republican health care bill, senator gifts like arizona -- talked to bloomberg about the next step. is an attempt to do it -- just with republican votes, i think we have reached the end of what we can do with republican votes on health care. >> senator -- acknowledged there are limitations to what can be done on a partisan races, but stressed that health care is not going to end and still needs to be fixed. the u.s. military said today that carried out a weekend from strike in smalley that killed a high level commander of the ocean extremist group. he is believed to be responsible for several deadly bombings in the capital. china's president xi jinping says that the militar

im mark crumpton. mark crumpton crumpton. this is bloomberg.comm has filed a patent infringement complaint against apple on iphones. used in says technology the iphone's specifically. this comes down to the broader legal issue around patents that let qualcomm take a cut of every iphone even ifn it doesn't have one of qualcomm's chips. this is the latest battle in a longer war between qualcomm and apple over patent infringement and whether apple should pay for qualcomm technology used in the iphone. this is after-hours trade. qualcomm getting a little boost in extended trading. julia: almost two dozen state are trying to increase consumer privacy protections after congress rolled back regulations. the move would prevent companies like verizon, at&t, and comcast from using subscriber data. this is just one example, it seems, of states deciding to go their own way when the government has repealed or rolled back earlier regulations. explain to us what is going on and how likely it is that the states decide to act unilaterally. quick states are movi

i'm mark crumpton. this is bloomberg. julia: live from bloomberg's world headquarters in new york, i am julia chatterley. scarlet: i'm scarlet fu. joe: and i'm joe weisenthal. we are 30 minutes from the close of trading in the u.s. the question is, what'd you miss? special counsel robert mueller's investigation widens beyond the trump campaign to examine russian purchases of apartments and the miss universe pageant. mario draghi stressed the need to be persistent and patient in winding back stimulus. slow and steady i.t. spending. that is what we are expecting from microsoft quarterly earnings. paypal and ebay also announce results after the bell. thea: let's get a look at major averages, down as we head toward the close. abigail doolittle is standing by. abigail: the moves may be small, but we are looking at records for the s&p 500, the nasdaq, and even the dow. second on pace for a record closing high in a row. the dow transports on the bottom down at about .8%. clearly, the odd index out about four days in a row. let's

here is mark crumpton.ate republicans are moving ahead on a vote to begin debating the gop replacement for the affordable care law. it is still unclear which version of the legislation will be in play. former holdout rand paul said he was supported beginning debate and a john mccain, who underwent surgery last week, will return to washington today to cast a vote. former house speaker john proposal does will never repeal and replace obamacare according to the washington post will he made the statement last week. the post said he told the crowd "the american people have gotten accustomed to it." he said the best bet is to appeal away aspects of it and it to end health insurance mandates. the parents of charlie guard have told the judge their last wish is to take the critically ill son home to die. in return for the couple said they have had discussions with the hospital in london about sending the baby home but there were obstacles. yesterday, the couple abandon their months long battle to take the baby to th

i am mark crumpton. this is bloomberg.epublicans rejecting a simple appeal of obamacare, which has delayed replacement. let's go to the head of congressional coverage in washington. joe: kevin, with the failure of the state repeal -- straight repeal, and what everyone is calling the vote-a-rama, people trying to put their amendments this is the so-called skinny repeal. what is the time this year we could see that happen? kevin: everything is a little up in the air. there may be a handful of votes over the next one before our -- over the next 24 hour, 30 hour period. we couldin the morning see a final vote. on some level, that final one could be an amendment vote that strips out everything else that was done up until that point and puts it into the context of the skinny repeal, which might be a slimmed-down attempt to get rid of a couple elements of obamacare. if they are able to get 50 votes, they will do a conference for the house. they areote shows, really struggling to get close to 50 on anything. scarlet: if any of the

i'm mark crumpton. this is bloomberg.d the email donald trump junior got from a former british tabloid journalist john publicist, we will read you what the email indicated. the documents would incriminate hillary and her dealings with russia. and it would be very useful to your father. this is obviously very high level and sensitive information but as part of russia and its government's support for mr. trump." julia: that is pretty plain. just talk us through this. >> any response, i love it for later this summer. it is showing he has some intent. it is raising questions about it , i will leave that for others to decide but if there was a conspiracy to interfere with the election process is someone who took information or money from deformed government or had the intent to do so so that will be the focus of where we go from here. is not being aware of the laws a defense? >> not really. it can be used to say wait a minute, i wasn't doing something right here. this will be complicated. i'm not one to say how others will loo

i'm mark crumpton, this is bloomberg.debate over health care legislation lawmakers didn't get a lot of sleep last night. republicans are trying to pick up the pieces. a few minutes i spoke with one of them. mick mulvaney, director of the office of management and budget. crafting and with directing president trump's economic vision. ake america great again enomics. here are -- he represented as 3% growth. i asked him what the latest on health care could mean for tax or form. is moreax reform closely linked to the budget process then health care. said, we hoped to clear the decks of health care so that we could move our full attention to tax reform. i think you'll see the immediate impact from last night, is that the health care debate will continue. i don't think that the senate can or will he town until they have done something. they recognize the political danger by not doing anything before they go home for the august recess. i think we will stay here for the next two weeks and my expectation is that they will pass heal

mark: i'm mark crumpton, time for first word news.ngela merkellor is avoiding deeper divisions and economic policy and says they should seek what they call win-win solutions. chancellor merkel was hoping to reach consensus on policies such as trade rules and climate. the u.k. is dropping its bravado over brexit. prime minister theresa may's government is taking --ciliatory governments conciliatory statements. chancellor of exchequer will tell business leaders are concerns over the split will not be dismissed. he has remained the main cheerleader for business really brexit. iraqi forces say hundreds of civilians are fleeing muzzle -- mosul. civilians have suffered water and food shortages for months. iraqi forces launched the operation to retake muzzle in mid-june, the neighborhood is islamic state's last stand and iraqi officials say they will declare victory within days, but islamic state's attempt to distract back using female suicide bombers. at least 15 people were killed in the latest assaults around iraq. has a formal response t

i am mark crumpton. this is bloomberg. julia: "what'd you miss?" more on that develop and story out of north korea launching its second icbm in a month. marty shanker, our executive editor for international government and economics, joins us. great to have you on the show. kim jong-un really does pick his puts moret it clearly pressure on president trump, the chinese, and the japanese. what do we expect? marty: the same problems with reacting to this provocation every time the north koreans send up an icbm exist now as in the last time. military options, even though the pentagon said they discussed military options with south korea, have the potential of being disastrous. what they have to fall back on is trying to convince the chinese and the russians to help put pressure on the north koreans to rein in their program, but it has not been successful so far. it's doubtful it will be this time. scarlet: is anyone thinking more creatively on this. people talk about, maybe you should let north korea become a nuclear state and focus your energy on makin

i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg world headquarters in new york -- joe: we are 30 minutes from the close of trading. --ia: stocks and trains unchanged as markets await earnings. scarlet: a pull suggests most americans are happy about their jobs and the economy, but in spite of president donald trump instead of because of him. the data gives the government little room to lower financial risks. trading small-cap is still off. netflix was the content king with the return of several big hits. what it means for the bottom line. netflix reports after the bell. let us look at where the major averages stand as we head toward the close. abigail, give us the details. abigail: very small moves for the major averages heading into the close. small declines in the dow, s&p 500, and nasdaq, after the major averages traded mainly higher for most of the day, flipping between small gains and losses, as you were mentioning. investors on hold ahead of earnings. the heart of earnings season

let's go to mark crumpton. president trump's pick for fbi director told the judiciary committee he does not consider robert mueller's russian investigation a witchhunt. he made the comments under a south carolina republican, who referred to the probe into russian interference into the 2016 election. haveom what i reviewed, i no reason whatsoever to doubt the assessment by the intelligence committee. diannehe ranking member, feinstein, told reporters she would vote to confirm mr. wray. the a terron relief is on its way to -- humanitarian relief is ,n its way to an embattled city delivering food to rule areas north of the city. u.s.-backed syrian forces are trying to drive the islamic its self-declared capital. investigators are still trying to figure out why a military plane crashed in mississippi monday night, killing 16 military members. the degree spread over several miles across the countryside -- the debris spread over several miles. there is a criminal investigation against at least one person for taking de

let's get you a check on the headlines with bloomberg first word news and mark crumpton. e have been reporting all day, it's all about the collapse of the gop obamacare repeal effort. congressional republicans accused democrats of being obstructionist send unwilling to help improve the health care system. and already leader chuck schumer accuse president trump and mitch mcconnell saying we don't need you, we don't want you. to the ideaception democrats did not want to engage on health care. the majority leader admitted he decided the matter for us when he locked democrats out of the process. let's bring you now to the senate where mitch mcconnell has emerged from his weekly meeting and let's listen to what he said. mcconnell: repealing obamacare, essentially the same votes we had in 2015. i would remind everyone in that proposal that there is a two-year delay which would give us the opportunity to work out a complete replacement on a bipartisan basis with our democratic friends. that is a vote i think we are very likely to have in the very near future. >> we got a sense of

let's get a check of the first word news traders mark crumpton. president trump and the french president will hold a joint news conference in paris on thursday. both world leaders met in brussels in may. president trump due to arrive at the official residence of the french president at 10:30 a.m. new york time. the news conference is scheduled for just afternoon new york time. an official dinner with first lady melania trump and macron will follow. airstrikes continued to pound parts of most old despite iraq must prime minister declaring total victory over islamic state. there are still pockets of resistance on the western edge of the old city neighborhood train iraqi troops and the u.s. were able toion drive the militants out of most will after three years of occupation. thousands packed a bronx, new york church today in honor of the slain new york city police officer. the mother of three was shot to death last week while sitting in a police vehicle. and new york police department commissioner were among those paying their respects. o'neill promot

scarlet: let's get to the bloomberg first word headlines with mark crumpton. nnell's book today after meeting with the president and a member of the gop caucus at the white house. mitch mcconnell: i want to start by thanking the president and the vice president and -- who has been totally engaged in everything we have done for the last two weeks. >> the bill will be open for amendments. he says vice president pence and health and human services secretary chom -- tom will be on capitol hill tonight. the supreme court dealt a blow on the travel plant -- travel ban, rejecting his bid to bar entry to people already in the united states. last month, they let the president start restricting entry from six mostly muslim countries which means the government must accept people with grandparents and cousins and other relatives in the u.s. a partial win on a separate issue, temporarily blocking a lower court ruling that would have open way for potentially thousands of refugees. , scheduledarguments for october 10. rex tillerson a showing of office that coordinates cyber w

first word news, here is mark crumpton. : the former brazilian president was found guilty of corruption and sentenced to more than nine years in prison. he was convicted of taking bribes and money laundering. brazil fromdent of 2003 2 2011. his successor was impeached for corruption and the current president is also under investigation. house majority whip steve , seriously wounded in the shooting at a congressional baseball practice last month, has been moved out of the intensive care move -- unit of a washington hospital but remains in serious condition. the louisiana congressman and third ranking house republican underwent surgery last week at washington hospital center and is being treated for an affection -- an infection. he and for other people were wounded june 15 20 gunmen opened ,ire at a nearby alexandria virginia. james was shot and killed by police. union's chief brexit negotiator set out tough conditions for britain to meet before both sides could look at a future relationship. published nine politician paper so

let's get a check on news with mark crumpton. mark: a tough warning for president trump from a top republican senator. south carolina's lindsey graham was blunt in discussing actions the president might take against attorney general jeff sessions and special counsel robert mueller. senator graham: there will be no confirmation hearing for a new attorney general in 2017. jeff sessions is fired, there will be wholly hell to pay. if you decide to go after mueller, it could be the end of the trump presidency. mark: this after rumors that the president was considering using a recess appointment to replace sessions. the white house denies it. the policy on transgender individuals surveying in uniform has not changed. to generalrding joseph denver, the chairman of the joint chiefs of staff. we willfor now, continue to treat all personnel with respect. a british judge has ordered that critically ill infant charlie guard should be move from a hospital to a hospice where he will "inevitably die," within a short time. the order was made afte

i'm mark crumpton. this is bloomberg. ♪ julia: live from bloomberg world headquarters in new york, i'm julia chatterley. scarlet: i'm scarlet fu. joe: i'm joe weisenthal, 30 minutes from close of trading. data later this week, and all eyes on the white house once again. joe: the question is, "what'd you miss?" anthony scaramucci has been removed as communications director. the u.s. dollar falling under hard times. we look atbetting -- how losses pile up amid political turmoil. the world's most valuable company by market cap reports earnings tomorrow after the bell. investors are looking to pass we guidance and the longer term upside for apple's new iphone. miss? what'd you anthony scaramucci's brief tenure, president trump removed -- let's bring in our white house correspondent. and joining us, congressional .eporter in the d.c. bureau it is the shortest length of time that someone was in role of communications at the white house? nothing is regular in this administration. >> it is certainly high drama.

now let's get a check on the "first word" is with mark crumpton. mark: president trump is again defending his son for meeting with a russian lawyer during last year's presidential election campaign. the president was asked about the meeting in paris during a joint press conference with french president emmanuel macron. it is calledmp: opposition research, or even research into your opponent. i have only been in politics for two years, but i have had many gee, weall up -- "oh, have information on this factor or this person," and frankly, hillary, that is her standard in politics. politics is not the nicest business in the world, but it is the standard where they have the information and you take the information. mark: the president also blamed the media for, in his words, making a big deal of it. attorney general jeff sessions cause of the largest health care fraud take out operation in american history. prosecutors have charged more than 400 people, including 6 michigan dollars in a florida rehab facility, in connection with the health care fraud sc

mark: i mark crumpton in time for first word news. who was seriously wounded in last month's shooting at the congressional baseball practice in virginia, today, underwent more surgery. the hospital said the louisiana congressman is in fair condition that needs careful monitoring. senate republican leaders released a revised health care plan that will provide an added $70 billion to stabilize insurance exchanges over a decade in an effort to win over gop holdouts. the change comes on top of the 112 million in an earlier version by mitch mcconnell that hopes it will provide prospects for the embattled obama care repeal effort stalled about two weeks ago. chuck schumer was not impressed. schumer: we have seen the revised bill and it appears that little has changed. seen thet having latest plan, half a dozen republican and democratic senators have discussed alternatives, a bipartisan approach that would infuriate conservatives and would probably be a hard sell in the house. their own plan to got obama care. the budget would not balance wi

i'm mark crumpton, this is bloomberg. joe: breaking news.ngs out from cfx -- a company beating by five cents on the bottom line. of of $.64 coming in ahead 59 -- estimate. volumes up to -- 2%. i'm not sure but this number. you see the market reaction gaining 2%. the company is on track to --ieve its efficiency gains this stock has done well. it is a double in the last year. investors are liking these earnings. >> of ua -- we have united continental. this is a bit of revenue and earnings per share. revenue $10 billion, i have higher than the consensus estimate of 9.9 9 billion. when you look at the adjusted earnings per share, two dollars $.75 versus the average investment of $2.72. to 70-280.as before this is smack in the middle of the expected range. we have another number everyone pays attention to. here is the consolidated unit revenue, up about 2% with what analysts were looking for. the we get a 2.1% print for second quarter. ul up by almost 1%. >> "what'd you miss?" till date --n paul volatility has a low likelihood that federal intere

mark crumpton has more. : president trump's made in america week kicks off with a day at the white house. firms from all 50 states are invited to showcase the mystically manufactured products. on wednesday, the president plans to call on u.s. companies to make more products at home. he is all expected in virginia for the commissioning of the uss gerald bard for aircraft carrier -- gerald r ford aircraft carrier. theresa may reminding the cabinet to keep their meetings cabinet private. hammond described public-sector workers as overpaid and made a sexist,. comment. american businesses will bring about 16,000 seasonal hard workers in fiscal 2017. the employees will be hired on the h2 b visa program. the only companies who can get the visas will be those that demonstrate they will suffer irreparable harm without the workers. a publicntinues to be military presence inside qatar despite a saudi led block the man to pull the military -- demand to hold up -- pull the military out of the land. neighbors, saudi arabia

i am mark crumpton. this is bloomberg.et: live from bloomberg world headquarters, i am scarlet fu with tom keene. you are watching special coverage of the federal reserve, "the fed decides." gross is looking at three or four bloomberg terminals at janus henderson. there is a stronger euro and a weaker u.s. dollar. dollar does not do much. the two-year yield lower. william gross is with janus henderson. that barely describes his effect on the fixed income market, the emerging markets, and bonds in general, and of course, writing carefully about our american policies and our economic policies. kind of you to join us. bill gross, i want to talk about the dollar. we remember the days when we would say we need a strong dollar policy. since the trump administration has gotten into trouble, we have enjoyed a weak dollar policy. what does that weak dollar signal? ill pup i think it plays into the hands of not only of the administration -- bill: i think it plays into the hands of the administration, as well as the federal reserve.

i am mark crumpton. julia: "what'd you miss?"global tensions as north korea launched a paradigm changing missile. the un security council is meeting right now, and here with formerelliott abrams, deputy national security adviser under resident george w. bush and now senior fellow at the council of foreign relations. he joins us now from washington. the difference in what we heard from the u.s. passenger to the united nations today was they are threatening to shut off trade with countries that trade with north korea, a.k.a. china. do you think that is the right way to bring china to the table and do something greater about the north korean threat? >> basically, yes. the chinese have talked a good game for a long time, but have put little serious economic pressure on north korea. we will have to make them pay a price for them to do it, otherwise nothing will happen. the trump administration about a week ago sanctioned one bank, one chinese bank. that is the kind of thing you do, but you have to do it more, and try to change how the

here's mark crumpton. pence sayspresident congress needs to "step up and do their job" in the aftermath of the republican health care plan's failure to win consensus. the vice president made his comments to members of the national retail federation. >> the senate should vote to repeal now and replace later or return to the legislation carefully crafted in the house and senate, but either way, inaction is not an option. mark: the majority leader of the senate mitch mcconnell didn't have the votes for his repeal and replace plan. he is now pushing a repeal and delay effort, but there may not be enough votes to pass that. house republicans are unveiling a budget that ignores president trump's proposed cuts to federal agencies. the plan cuts nondefense spending by $5 billion rather than the $54 billion in cuts the president wants. republicans are calling for a bigger boost in military spending and the president requested. the united states has imposed sanctions on 16 people and organizations linked to iran. th

i'm a mark crumpton. this is bloomberg. focused on the u.s.is afternoon -- the house of representatives is set to vote today on temper sanctions against russia, limiting the ability of president trump to lift sanctions unilaterally. joining us for the latest from capitol hill is sahil kapur. how did this bill come about? just focusingfrom on russia to include these other countries as well? sahil: initially, the bill was about russia sanctions and iran sanctions. it ran into a bunch of unexpected hurdles. sail throughed to both the house and the senate, but it ran into an obstacle, a procedural one in the house called the blue slip issue. the house republican leaders said it doesn't comply with the constitution. over time, it expanded to --ctions around north korea i spoke with bob corker moments ago. he says that was not quite agreed to in the senate. he sounded a note of skepticism about that, saying it won't pass the senate as a result. the senate is more likely than not to take it up. there was initially some protest from the white house ab

i'm mark crumpton. this is bloomberg. vonnie: thank you.sident donald trump's proposed budget cuts to federal agencies are about to fail in congress again. plan to unveilns a 2018 budget that doesn't take the cuts but reduces spending by $5 million. here's erik wasson with more. we got the president's budget and it didn't balance the federal deficit within 10 years. the republican budget is supposed to. erik: the republican budget claims a balance in 10 years by cutting $5.4 trillion in spending in future years. what really counts is the next fiscal year. budgets are more of a policy statement. in the next fiscal year, where trump was calling for $54 billion in cuts to domestic agencies, the republicans are for a $5 million cut. they are looking to increase military spending by $72 billion. not big deficit reduction in the first year. republicans are very eager to -- thisof this budget is the first step towards comprehensive tax reform. ill in theare b senate -- they want to move on to a tax cut that would be popular with the base. likee: w

i am mark crumpton. this is bloomberg.: the house subcommittee unanimously approved a measure that would allow thousands of autonomous vehicles to hit the road while federal regulators create standards printing state rules. i spoke to jan schakowsky, and i asked her what concerns she has about the safety of autonomous vehicles. rep. schakowsky: the idea is, we want to make sure that these incredible ideas of economist vehicles that we can sell around the world, we want the united states to be a leader. but we want to make sure there is a framework that guarantees safety and accountability, so we want to make sure that the national highway transportation safety administration has some authority here. i think this has been expected by the auto industry, that there certainly would be some policies that make sure that their automobiles are safe. they want to do that as well. >> what are your greatest concerns when it comes to safety in autonomous vehicles? rep. schakowsky: we want to make sure that, one of the things that we d

i'm mark crumpton. this is bloomberg. coming up, the key issues being debated in washington today including health care and budgets. steps of hismp public complaints against jeff sessions. but will he fire as attorney general? this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. let's dig deeper into politics. repealing and replacing obamacare. senate republicans are set to hold votes on a number of different health care bills, after vice president pence counts a tie-breaking vote to begin, and is less of other issues too in the budget and the future of attorney general jeff sessions. latest us now with the from capitol hill, bloomberg's chief washington correspondent kevin cirilli. and our political reporter is here as well. there's other things going on in committees right now. >> there's a couple of votes being held on the senate floor right now that will lead to an up or down vote on whether the senate wants to adopt the 2015 bill that repeals the affordable care act, at least it repeals most of

. ♪ >> i'm mark crumpton. let's begin with a check of the first word news.e house press secretary sarah huckabee sanders says former communications director anthony scaramucci has "no role at this time" in the administration. she reiterated that john kelly is now in charge. a i think we have made clear few times over the course of the last couple days, general kelly has the full authority to operate within the white house and all staff will report to him. >> the trump administration is imposing sanctions directly on venezuelan president nicolas maduro following sunday's vote to write -- rewrite his country's constitution. >> i said this generally, we very much believe that sanctions do work and we will continue to monitor this situation in -- and consider additional sanctions. >> the treasury department's designation is an unusual move against the foreign leader. an official crucial to running kenya's election, reported missing a few days ago, has been found dead. the electoral commission chairman said the officials body showed signs of torture. there are co