we turn now to mark crumpton for first word news. rk: president trump is calling for background checks on gun purchases after this weekend's mass shootings in ohio and texas your the president called for a law that would allow courts to take away guns from people who are potentially dangerous. the president also took aim at the videogame industry and social media companies. haveal scientific studies shown little connection between video games and mass shootings your democrats have called on the republican control senate to reconvene from the chambers august recess to back background check legislator. us join prime minister has ruled out military bases in his country. this comes after the new york times reported that the secretary of defense said he was in favor of deploying u.s. missiles to asia within months. the move came only one day after the united states formerly pullout the cold war era arms treaty with russia which limited these weapons. in india, the government is ramping up the security crackdown in kashmir. the disputed reg

i am mark crumpton. this is bloomberg..s.-china trade dispute has been a series of hopes and disappointments, with both sides claiming they want a negotiated settlement but acting as if there will not be one. we welcome now shawn golhar, berkeley's head of public policy research. month, weback a thought they were going to come together. now president trump is saying there will be more tariffs and the chinese saying they will retaliate. where are we? shawn: there has been optimism in this process, but we have been consistent. we expect to see tariffs, a ratcheting attention. the technology issue is at play. the alleged ip theft is irreconcilable. i have trouble seeing a cumbrian sabbagh and china. an agreement with china. to do so with beijing would give them a hard reason to come back to the table. david: symbolism matters to president xi. we are calling them a currency manipulator. that does not help. shawn: imagine what could come out of this if you see optimistic shoots. for the president, how do you remain hawkish on c

we turn to mark crumpton first world news. rk: president trump says he would be willing to meet with the iranian president if "the circumstances were correct" to discuss their standoff over the 2015 nuclear deal the u.s. president abandoned. emmanuel macron said during a news conference with mr. trump that he hoped to arrange a meeting between the leaders in which. president trump added he had good feelings about iran. the u.n. cheap is warning the world faces a climate emergency. the secretary-general urged leaders attending a summit in new york next month to agree to cut greenhouse gas emissions by more than they promised in the 2015 paris climate accords. speaking at the g7 summit in france, he said we are much worse than we were during paris. months after two massive cyclones roared through mozambique, residents are still rebuilding. the storms affected about 3 million people, left 200,000 homeless and destroyed 2 million acres of crops. officials are urging residents to resettle on higher ground less susceptible to floodin

i am mark crumpton. this is bloomberg. david? vid: as mark just reported, yesterday president trump visits devastatedisited the communities of dayton in el paso but faced a cool reception. elizabeth warren and beto o'rourke went further and call "white race the premises." cory booker took a different .pproach he did not take on the president by name but took on the root cause of the recent violence, our country's painful history with race. >> the active anti-latino, anti-immigrant hatred we witnessed this past weekend did not start with the hand that full the trigger. it did not begin when a single white supremacist got into his car to travel 10 hours to kill as many human beings as he could. it was planted in for tile soil because the contradictions that have shadow this country since its founding remain a part of our body politic. david: we welcome the national press secretary for cory booker's presidential campaign. good to have you here. we listen to senator booker who took the longer-term view that a lot of people would agree

let's go to first word news with mark crumpton. the president break reporters earlier at the white house. intelligent background checks, this isn't a question of nra, republican or democrat. i spoke to mitch mcconnell yesterday. he is totally on board. mark: the move comes after last weekend's pair of mass shootings in texas and ohio left a combined 31 people dead. the pentagon will not rush to more than $10 billion contract for cloud services. rivals have complained the contract is all but rigged to favor amazon. the defense department said the contractor bids are still under review and the winner will only be guaranteed a million dollars of the possible $10 million. british prime minister boris johnson is urging the european union to show common sense on brexit. theants them to rewrite divorce deal which he calls unacceptable. the british parliament has rejected the deal three times. in japan, growth was stronger than expected again. grew atmestic product an annual rate of 1.8% in the second quarter but that did little to ease con

we turn to mark crumpton for bloomberg first word news. rk: the united states and the taliban have been drafting agreement to withdraw u.s. forces from afghanistan. the sides of been meeting for the last two days. withdrawforces would in exchange for guarantees afghanistan were not become a haven for other terrorist groups. president trump is set to visit el paso and dayton in response to mass shootings over the weekend that left a combined total of 31 people dead and more than 50 injured. texas democratic lawmakers have asked the president to stay away. presidential candidate and el paso native beto o'rourke cited mr. trump's history of inflammatory rhetoric about immigration. >> we cannot act as though this were to some kind of natural disaster or a matter of course for the country or the new normal for the united states. there is a real cost and president trump is part of that. mark: the president will also meet with ohio is republican governor, who announced several gun violence prevention proposals this morning. opponents of prime mini

i'm mark crumpton. this is bloomberg. york,: it is 1:00 in new 6:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories we are following. show me the slow down. boston fed president eric rosengren says it is not up to the fed to make up for weakness in other economies. we will look at sentiment heading into this week's jackson hole symposium. watchdogs are rolling out the long anticipated overhaul of the volcker rule. streaming wars are gearing up. rollout itsto script fiction services by november, the company's first mediaay into subscriptions. first, a look at the markets with taylor riggs. halfway into the trading day. taylor: a little bit lower today. 2900 on theng about s&p 500. not getting very much and direction. take a look at the new york faang index. baidu coming out with better-than-expected earnings, pushing that index higher. in the last three days, up 6%. facebook coming out, facing eu.trust scrutiny from

i'm mark crumpton. this is bloomberg. it is 1:00 in new york, 6:00 in london, and 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following. argentina's president mauricio macri losing a primary vote by a landslide with the october election looming. markets are taking notice. default risks are soaring. northern argentina, u.s. stocks are dropping on thin trading. at --and executive spent tens of thousands of dollars on a new name. all that in the next 30 minutes. abigail doolittle, we are halfway into the trading session. abigail: we are down on the day for a second day in a row, off the lows, but the data underperforming, down 1%. the s&p and nasdaq also lower. consider the weak economic data we had from europe last week, and the argentina situation happening. the bloomberg commodity index down .8%. confirming the risk off we are seeing. dragging on that commodity index, look at c

we turn out a mark crumpton for bloomberg first word news. rk: china has unleashed a torrent of verbal abuse on the protesters who swarmed hong kong's airport. beijing compare them to terrorists and says they committed atrocities. the airport resumed normal operation today. authorities have gotten a court order aimed at restricting demonstrations. , the president began his uphill campaign to remain president. he is offering a higher minimum wage and a freeze on fuel prices. -- total cost of his plan $720 million. he is trying to recover from a primary election defeat by alberto fernandez. the man who was britain's top finance official until three weeks ago is accusing boris johnson of steering the country toward a damaging no deal brexit that is not backed by parliament or voters. philip hammond says leaving the eu without a deal would be a betrayal of the referendum results. johnson has said he is committing to delivering brexit "do or die" on october 31. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 jou

we turned to mark crumpton for first word news. rk: the national hurricane center says the storm is expected to strengthen to a category 4 in the next 72 hours. kobe the first hurricane to slam it to florida's east coast in 15 years. the storm raced past puerto rico and the u.s. virgin islands on wednesday, causing limited damage. the justice department's inspector general says former fbi director james comey violated fbi policy. the new report says the former director mishandled memos that documented private, -- private conversations with president trump. the doj will not prosecute comey. federal health officials have a warning for marijuana users. officials say science shows the drug is harmful to the developing brains of teenagers and they say marijuana is stronger than it was in the past. more than 30 states have legalized the drug for medical purposes or personal use. hong kong police say they have banta saturday protest by the organizer of previous historic mass marches. police say they believe some protesters were turned viol

i am mark crumpton. this is bloomberg. york,ne: 2:00 p.m. in new 7:00 p.m. in london. live from bloomberg world headquarters, and caroline hyde. romaine: i'm romaine bostick come in for scarlet fu. this is "bloomberg markets: the close." caroline: officials cast doubt on further rate cuts. apple revamp. we are weeks away from a wave of updated products. bloomberg has the scoop on what the company has up its sleeve. pilot error exclusive -- we hear from the ceo of one of silicon valley's most secretive companies on the future of ai. all that and so much more coming up. romaine: let's do a quick check of the markets, caroline. we started out the day in the green. we are struggling to get back into the green again. percent500 is up .1 there, although we were a lot lower. financials doing the heavy lifting today. that whole rate story back in play. jpmorgan, all those names, a little help from boeing and retailers like nordstrom. caroline: it almost 100 is that the yield curve inverted again. up at 10 a clock a.m. for a split

we turn to mark crumpton for bloomberg first word news. rk: new rules unveiled today can make it harder for some people become american citizens. the measure could deny green cards to immigrants the's medicaid, food stamps, or housing vouchers. immigration officials will outweigh public assistance along with other factors such as education, household income come whether to decide grant legal status. in argentina, the peso plummeted after a shocking primary election defeat for the president. he lost by a landslide to opposition candidate alberto fernandez. if the result stands, he could lose the presidency outright. he is known for his business friendly policies. investors are concerned those policies could disappear with the new president. the trade dispute between south korea and japan is escalating. the south is removing japan from a list of nations that receive preferential trade treatment. the decision follows tokyo's decision to down growth souls 's trade status. it is reported jeffrey epstein's prison had serious irregularities. the a

mark: i'm mark crumpton. trump says his administration has what he called a very productive call with china on trade. the president spoke to reporters before boarding a helicopter in morristown new jersey today. he said he thinks china would really like to make a deal. the ministrations that it will they until mid december tariffs on products on many holiday shopping lists. in russia radiation levels briefly reach 16 times normal after a failed missile test resulting in an explosion last week. moscow said the test involved a small nuclear power source. five atomic scientists reportedly were killed in the blast. in paris streets around the notre dame cathedral are shut down today so crews can decontaminate the area. high levels of lead were found following a fire at the historic landmark in april. cleanup work inside the cathedral was suspended last month for safety reasons. activists and residents have accused authorities of underestimating the threat of lead poisoning. hundreds of tons of

i'm mark crumpton, this is bloomberg.e: it's 2:00 p.m. in new york, 7:00 p.m. in london. live from bloomberg world headquarters, i'm caroline hyde. scarlet: and i'm scarlet fu. caroline: u.s. stocks head towards the worst week in 2019. look to president trump's escalation on the u.s.-china trade war. and trade war affects still in labor data, with trade and factory jobs taking a hit. in its worst week in four years. all that and more, coming up. so much more, awaiting president trump at the moment. we understand he is going to make an announcement that has to do with eu trade, something to do with the trade of beef. we have life shots of plenty of ranchers, potentially, standing by in their cowboy hats. scarlet: they are running a little bit late. this wasn't supposed to start at 1:45 p.m. -- this was supposed to start at 1:45 p.m. and some news on copper, copper compelling to a two-year low on the london metals exchange. commodities have had a rough week, as there have been plenty of surprises, whether it is the way the

i'm mark crumpton. this is bloomberg. york,: it is 1:00 in new 6:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. the g7 meeting wraps up in france. it showed possible headway in the u.s.-iran relationships. president trump says china than they want a tray pact and satisfies premier liu he called for a deal to be made under calm conditions. andrew luck stuns the world with his retirement. what it means for the nfl franchise. all that in the next 30 minutes. taylor riggs with us halfway into the trading day. taylor: we are up near the highs of the session, of more than 1% on all the major indices. quite a reversal from a few days ago on friday. be the bigues to outperform or after being the underperformer on friday. despite all of the big moves that we see on a daily basis, 3% moves in either direction, on a long-term chart, things look relatively calm.

from bloomberg first word news, we going out to mark crumpton. china does not have unlimited patience with the antigovernment protest in hong kong. that was the message from the chinese ambassador to the u.k. today. kong nation is at a critical moment, but we have a full trust and confidence on her administration to handle the situation. if the situation deteriorates further into unrest and uncontrollable by the government, the central government will involve the state body and watch. mark: protests have prompted officials in hong kong to slash the growth forecast. they now say the city's economy will grow by 1%, at most, this year. modi used an independence day speech today to defend his decision to strip cashmere of its special status. about 7 million residents of the disputed region have entered an unprecedented security crackdown and communication blackout for an 11th day. pakistan and india bought two wars over the territory -- fought two wars over the territory. a tanker has been agreed to be released for allegedly carrying iranian oil to sy

return to mark crumpton for bloomberg first word news. rk: president trump is criticizing what he calls politically correct automakers. the car companies have pushed back on his administration's plan to weaken fuel efficiency requirements. in a president said his proposal would lower the average price of a car by more than $3000. he said it would also make cars safer. the department of homeland security wants to end a long-standing federal court agreement that limits how long micro children can be kept in detention. the government is now required to keep children in the least restrictive setting possibly and release them after 20 days in detention. because of those restrictions, migrant families have been released into the u.s. while there asylum requests are pending. president has started talks about the next government. he will have to decide whether the new ruling coalition is viable. an alternative government is one of two main options after the resignation of the prime minister. the other is to call new elections. in venezuela, nicola

we turned to mark crumpton for bloomberg first word news. rk: queen elizabeth has approved boris johnson's request to suspend parliament from mid-september until mid-october. opposition lawmakers say johnson wants to limit the ability of lawmakers to come up with legislation to block the no deal brexit. the prime minister says his plan will still give lawmakers plenty of time to debate frexit legislation. its firsto is facing major test of emergency preparedness since the devastation of hurricane maria. we are looking at a chart on the bloomberg terminal. dorian is nearing the u.s. territory and near hurricane force and forecasters say it could grow to category 3 status as it nears the u.s. mainland later. the storm was expected to move near the u.s. and british virgin islands with landslides, power outages possible in puerto rico. we will follow that story throughout the afternoon. in syria, government warplanes have struck towns and villages in a province near a turkish observation post. today's airstrikes came a day after insurgents lost c

i'm mark crumpton. this is bloomberg. it is 1:00 p.m. in new york, 6:00 p.m. in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following. iran's top officials often but ruling out talks with the u.s. a day after president trump extended his most expensive offer yet to the islamic republic. a potentially smoking deal in tobacco. philip morris in talks to reunite with its former smoking buddy altria in an all stock deal. news for pension holders. a collapsing global bond yields forcing pension funds to buy bonds that offer negative returns. we will tell you what it means for retirement savings. taylor riggs is with us halfway into the trading day and we have seen a turnaround ins talks. -- in stocks. taylor: ever since the opening bell this morning, everything has been going in a straight line down, making a clear series of lower highs and lower lows. the 10 yearans is is no

i'm mark crumpton. this is bloomberg. it is 1:00 in new york, 6:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. china fights back with the yuan and soybeans. the country devaluing its currency and ordering state owned companies to stop buying u.s. soybeans. u.s. markets plummeting as the trade war intensifies. the shooting deaths of 31 people over the weekend raising pressure on president trump to address rampant gun violence. meantime, a handful of stocks higher in the s&p 500. we are at session lows. kailey leinz has more. kailey: shaping up to be the worst day for the s&p 500 this year. down by more than 3.5%, the worst two-bay street from christmas eve of last year. it is now down for a sixth consecutive day. off of the record high that it set just back on july 6. one of the catalyst for all of this was the counterpunch from china, allowing their c

we turn to mark crumpton first word news. rk: emmanuel macron is giving boris johnson little hope he is prepared to compromise on brexit and he says any changes to the current deal will not be significant. the day after the prime minister held talks with angela merkel in berlin, the two met in paris to discuss the brexit impact. the integrity of the single market -- these are our goals. and we talked about flexibility, let me be clear. these goals have to be met. prime minister johnson is demanding the eu scrap the backstop, the mechanism designed to keep the irish border free of checks that is a heart of the agreement. exchanging will stop classified intelligence on north korea with japan amid a bitter trade dispute. south korea says the move is in response to japan's recent decision to downgrade its trade status. japan has been imposing stricter controls on exports to south korea on key export items and also remove the country from a list of nations granted preferential trade status. the field of democratic 2020 presidential

i'm mark crumpton, this is bloomberg. "pen --n: welcome to bloomberg markets." stocks plunging, the fear index jumping, we have you covered from every angle, bonds to equities and currencies. amanda: during the volatility, and office sharing startups showing revenue growth will have substantially large losses. let's give you a quick check in for the markets are trading in the afternoon losing, the f -- s&p 500 with most sectors in the red right now. the green inversion up at the the dow is down over 600 points while the nasdaq is at 2.7%. reallyse, we have some concerning economic data coming out of china, with retail sales and industrial production missing estimates in germany as well. putting jitters in the market, oil is taking a hit. all of these concerns coming on top of the ongoing trade war between the u.s. and china and political uncertainty in certain parts of the world. we are now seeing oil losing more than 4%. losing all of the gains that we saw in the previous section as we saw the u.s. tariffs delayed. this coming after some negative api data overn

mark: i'm mark crumpton with first word news.eclined after a report that deputy prime minister matteo salvini has threatened to bring down the government unless his demands for changes in the cabinet are met. the deputy prime minister has called for the finance minister to be replaced. president trump has said he is "very strongly considering" commuting the sentence of former illinois governor rod blagojevich, who is serving a 14 year prison term on multiple corruption charges. corruption convictions. president trump said he was considering a commutation for blagojevich, who then filed paperwork requesting it. the president told reporters aboard air force one last night that he thought blagojevich, a democrat, had been treated "unbelievably unfairly." in hong kong, pro-democracy protesters plan to hold a demonstration in the international airport. there was a warning for protesters at a press conference earlier. stageany protester will protests at the airport, i hope they will be peaceful and law-abiding.

i'm mark crumpton. this is bloomberg. ♪ shery: live from bloomberg world headquarters in new york i'm vonnie quinn. amanda: live in toronto, i'm amanda lange. we are joined by our bloomberg nrb nm audiences. here the top stories we are following around the world. stocks are coming back from some sharp losses adding to already steep losses as concerns mount about a glowing -- a slowing global economy. what is the future of capital markets for boutique firm? we will get insights from one of those firms. david daviau is one of our guests. fedex is severing ties with amazon as it ends it's contract ts contract. members out of germany not helping today. it is not as bad as you might think given all of the trade tensions across the broader s&p. energy is a big one to watch. there is a bright spot in cold. erasing some material stocks moving -- you are seeing some mysterious -- some material stocks moving. the dow and sep -- and s&p feeling the weight of disney. we are seeing global recession fears game priced

mark: i'm mark crumpton with bloomberg's first word news.ouse judiciary committee is subpoenaing former trump campaign manager cory wardell aide asd a white house part of the investigation into president trump's conduct in office. robert mueller's report said they were aware of mr. trump's efforts to have robert mueller fired. the committee chairman jerry nadler says the committee wants to hear from both men next month . the moscow, a russian airline pilot narrowly averted disaster today. he landed in airbus a321 in a cornfield after the plane lost power in both engines. the plane struck a flock of seagulls shortly after takeoff. all 231 people on board survived. a dozen were injured, none seriously. hundreds of firefighters are battling a fire on a greek island. crews are dropping water from planes and helicopters but the most active part of the blaze is far from inhabited areas, burning through dense

i'm mark crumpton. this is bloomberg. >> live from bloomberg world headquarters in new york, i am vonnie quinn. amanda: live in toronto, i'm amanda lang. welcome to "bloomberg markets." shery: china strikes back. announcing it will impose retaliatory tariffs on $75 billion worth of american goods. president trump promises a response today. u.s. autos may one sector hit hard by the terrace with the duties that can reach high -- as high as 50%. how manufacturers are taking the news. jay powell in jackson hole saying there is no rulebook or a trade war. the u.s. economy faces significant risk. we will get some insight from wyoming. let's get a quick check on the major averages and the intraday is where you see the story of what is going on. markets reacting very strongly to not just jay powell, but tweets from president trump about responding to those $75 billion of chinese t arriffs. tech is leaving at 2.5%. consumer discretionary down. weighing on both the s&p and dow, apple down 4% at one point. we are

mark: i am mark crumpton with "first word" news. talks resumed in qatar between a u.s.nd the taliban in the hopes of ending america's longest war. the top demand of the taliban is the departure of all american and allied troops. president trump says that the united states has cap a presence there. several egyptian rights groups are asking anyone agency to rule from his conference on torture because of its dismal human rights record. they say it would contribute to what it calls when watching attempt it urges the u.s. to select a country where "the bare minimum of human rights is respected." in italy, the president is adamant that any coalition seeking to rule italy must be able to hold our government together until the end of the current legislature in 2023. bloomberg has learned that he will call for early elections if there is not an alliance that is capable of creating a stable system for that long. only he has the power to nominate a new

mark: i'm mark crumpton. hurricane dorian is picking up steam.ational hurricane center says the storm is expected to strengthen into a category four hurricane within the next 72 hours. it will be the first major hurricane to slam into florida's east coast in 15 years. the storm raced past puerto rico and the u.s. virgin islands causing limited damage. in yemen at least 30 people were killed in airstrikes. governmentdi backed blamed the united arab emirates for the attack. iran says it's not interested in meeting with president trump unless washington stops its economic terrorism. speaking at a forum, the iranian foreign minister said the u.s. sanctions have hurt ordinary citizens. he also said dropping the sanctions could help salvage the 2015 nuclear deal. president trump this week said he would meet with the iranian president if the circumstances were right. chancellor angela merkel said

we turn to mark crumpton for first word news. rk: the united states is ready to resume talks with north korea . a meeting is unlikely to happen this week. meetpompeo had hoped to with the north korean official why in thailand for an age security summit. spoke in a news conference with the tide foreign minister after north korean nuclear tests in the past week. in puerto rico vote on a successor for the departing governor. he has nominated a veteran politician to succeed him. the main obstacle appears to be the senate president, who has said he will not vote for the nominee and wants to be governor himself. the u.k. government is doubling its spending in preparation for a no deal brexit. the additional 2.6 billion in funding is the latest sign that new prime minister boris johnson is serious about leaving the eu dealor without a divorce on october 31. the labour party shadow chancellor john mcdonald: the funding "an appalling waste of taxpayer money." carney is defending the assumption there will not be a no deal brexit. he says it

shery: we turned out a mark crumpton for first word news. rk: iran has all but ruled out tops between their president and president trump. rihanna says he is not interest -- the president says he is not interested in a photo op with president trump. it says if the u.s. wants negotiations it must live sanctions. iran's foreign minister's is a meeting between the two is unimaginable. president trump signaled he could meet with the iranian president and perhaps ease restriction. turkey says russia has begun delivering more components of its has 400 missile defense system despite strong objections from the united states. washington says the system is incompatible with nato and poses a threat to the u.s. that have 35 fighter jet program. it has threatened sanctions against on kara. -- against ankara. the brazilian president says brazil will only accept an offer of international aid to fight forest fires if you menu micron retracts forest -- if emmanuel macron retracts comments he finds offensive. bolsonaro says micron called him a liar. -- says em

i'm mark crumpton. this is bloomberg. >> live from bloomberg world headquarters in new york, i'm vonnie quinn. amanda: i'm amanda lang in toronto. welcome to bloomberg markets. our bloombergby and bnn bloomberg audiences. what a week it has been for global markets. we will wrap up the week, and escalate in trade war with the u.s. and china sign currencies, bonds, stocks. one stock caught in the volatility is zillow. the company is blaming the slide on an underestimation of the time it will take to close home purchases. pressure but the fate of the world's largest exchange traded fund rests on the help of a group of twentysomethings. we will dive into that story coming up. first a quick check on the markets. definitely seeing across the board reaction to those trade talks, including president trump suggesting no big deal if talks to not resume with china. the broader s&p 500 has all groups declining. but industrials are right behind. energy moving higher today. take a look at the u.s. dollar. the dollar

for bloomberg first word news, we go to mark crumpton.g, police in right gear inside the airport terminal carrying batons and shields. authorities enter the airport after clashing with antigovernment protesters outside. the airport suspended chickens for departing flights, it's second day of major service disruptions as carrie lam mourns the city risks into slotting what she calls an abyss. the trump administration has delayed its latest plan to impose tariffs on chinese imports. the duties that were to take effect next month have been delayed until december. items mosts include popular during the holidays such as smartphones and toys. washington and beijing spoke with the first time since tensions escalated. in russia, radiation levels briefly reached 16 times normal after a failed missile test that resulted in an explosion last week. moscow says the test involved a small nuclear power source. five scientists were reportedly killed in the blast. in paris, streets around the notre-dame cathedral are shutdown today so crews can decontamina

kevin: now, we go to mark crumpton. president trump is blasting the federal reserve again today, suggesting the chairman, jay powell, could be a greater enemy of the united states then xi jinping. -- than using ping. a stringdent unleashed of tweets bashing the fed and jay powell's leadership. -- greater enemy of the united xi jinping.ge thin major developments today in the trade war between the united states and china. president trump has ordered american companies with operations in china to begin looking for alternatives. his tweets are in response to news from beijing that it will impose additional tariffs on $75 billion worth of american goods. president trump is ordering fedex, ups and the u.s. postal service to begin searching for the powerful opioid fentanyl in all packages from china. in hong kong, protesters are gearing up for a 12 straight week of demonstrations. thousands tried to form a human chain around the city. the protests were originally aimed at a controversial proposal to allow expeditions to mainlan

. ♪ with i'm mark crumpton bloomberg's first word news.nt trump says he is open to meeting with iran about the nuclear standoff. during a joint press conference with emmanuel macron at the g7 summit, he issued a flood warning to tehran. pres. trump: if the circumstances were correct, i would certainly agree to that. bethe meantime, they have to good players. you understand what that means. they can't do what they were going to do because if they do that, they will be met with very violent force. president macron said he hopes president trump and irani and president rouhani -- iranian president romney will meet in the coming weeks. a diplomatic -- president rouhani will meet in the coming weeks. the united nations chief is warning that the world is facing a climate emergency. world leaders will be attending a summit in new york next month to agree to cut greenhouse gas emissions by more than they promised in the climate accord. worse thane are much we were during paris." the group of seven nations today pledged tens of millions of dollars t

i'm mark crumpton. this is bloomberg. ♪ romaine: from bloomberg world headquarters in new york, this is "bloomberg markets: the close." i'm romaine bostick. caroline: i'm caroline hyde. we are about 30 minutes from the end of the trading day. it has been a politically volatile one. , but something between gains and losses. the nasdaq has been the under performer on the day. software companies coming out with earnings. romaine: quite a few, hp. caroline: oil has been selling off. got the pmi number out of the u.s. much worse than we received. more than 2009 over also money coming out of oil and gold. safety really today. romaine: not a huge drop but still significant that it is dropping below the key technical levels. that can change tomorrow depending on what we hear from powell. the s&p 500 staying in the green. we will see if it can hang in. it has been fluctuating between gains and losses. the dollar has been in a tight range all day long. the 1210 number. 1208 to 1212 has been the range for this for

i am mark crumpton. this is bloomberg.e: let's bring you a bit of after-hours action in terms of the stock moves. wayfarer down more than 5%. the reason, convertible debt. $750 million worth, we understand. the stock trades at $125, currently sinking. let's talk about data. hot july for inflation. one key measure of u.s. consumer prices accelerated last month, signaling that inflation may be firming. i want to welcome employee america director of research and analysis. makes head -- make heads and tails of the data for us. cpi finally breaking above the 2%. >> thanks for having me. the cpi number we got today i think was almost little bit of validation for jay powell, saying that the slowdown earlier this year was transitory. a lot of people were saying, you weren't being critical -- weren't being credible about inflation. a lot of that was seasonal adjustment problems. when you look at that chart, it doesn't look like inflation has changed all that much in the grand scheme of things. good point.e a obviously, inflation is

withm mark crumpton bloomberg's word news. are major developments in the trade war between the united states and china. president trump has ordered all american companies with operations in china to begin looking for alternatives. his tweets were response to news from beijing that it will impose tariffs on american goods. mr. trump is also ordering fedex, amazon, ups and the u.s. postal service to begin searching for fentanyl in all packages from china. in hong kong, protests are gearing up. thousands tried to form a human chain across the city. the protests originally were about extradition to china. now they have broadened into a wider movement. supreme court justice ruth bader ginsburg has been undergoing treatment for cancer. she's completed radiation therapy for a malignant tumor on her pancreas and there's no evidence of the disease remaining. no further treatment is needed at this time. justice ginsburg has had several bouts with cancer. in 2018, she had surgery for cancer in her left lung. under increasing internationa

i am mark crumpton. kevin: thank you.t's been a big week for democrats as hopefuls start to fill out plans. joining me now is the presidential candidate congressman seth moulton of massachusetts. i just got back from detroit. how are you going to get on the stage for the third debate? it's in houston. strategy is toy campaign on the ground where my message is. nevada todaym in meeting with veterans and senior citizens. that's the way this process should work. what you saw this past week where 20 different candidates competed by terry each other down for a viral moment to qualify for the next debate rather than talking about a positive vision for the country. i don't think that's the best way to pick the best nominee to take on donald trump and make sure we win this election. kevin: if people can't qualify for the third debate, they should call it a day. they shouldn't continue onward. i will show you what he had to say. the third debate is in the middle of september. if you can't get on that stage and only 10 will be on t

. >> i'm mark crumpton with first word news.dent trump backed tighter background checks for gun purchases but he wants to be careful by closing loopholes doesn't clear the way for more gun control. as it was leaving the white house for events in kentucky, he told reporters i have an appetite for background checks we are going to be doing background checks. the president continued quoting at the same time i don't want to take away people's second amendment rights. i don't want to take away the constitution having to do with gun ownership. he added he considers gun violence a public health issue and is considering ways to make background checks more strict. in thent to guns to be hands of people that are mentally stable. those people i want them to easily be able to get a gun. people that are insane, people that are sick up here i don't what them to be able to get a gun. tolde president also reporters he spoke tuesday with the chief executive of the nra about what he described as concepts. he said he agreed that things have to be

i am mark crumpton. this is bloomberg.e inverted yield curve raising fears about coming odds aon, and increasing downturn could crush president trump's reelection helps. byin cirilli is standing with a senior advisor for one of the leading democratic candidates, who is helping the message will provide the answer. >> i am with jeff weaver, a senior advisor to bernie sanders campaign. a lot of folks on wall street concerned about the prospects for a recession. how is president bernie sanders prevent another economic recession? >> we are coming near the end of the obama recovery and now about to enter the trump recession. we have to make sure we protect the most vulnerable people in this country, raise wages, protect people's houses was that people don't lose what they did in the last recession. >> in terms of the u.s.-china trade deal consider sanders and others have argued tariffs might be a needed tool to negotiate with other countries. how would a president sanders and his trade policy differ from president trump? >> bern

i am mark crumpton. this is bloomberg.he developing story, the new york yankees, sinclair, and amazon are buying the yes network from disney. let's bring in our expert all things media. paul, disney got these regional networks from 21st century fox and paid a premium, but had a hard time selling them off. this is a big deal. >> this is the biggest of the regional sports networks disney acquired. in order to get the deal done, they had to divest the regional sports networks. they sold a bunch of those networks six months ago to sinclair broadcast group, then had to do this yes network separate because it is such a big deal, three point $5 billion in enterprise value. sinclair got some partners, amazon, in addition to the yankees, so the yankees are buying back the majority of the , and, sinclair buying 20% amazon came in as a funding partner. joe: just a funding partner or is there a strategic aspect for amazon? >> i think there will be a strategic aspect. business in the video with amazon prime. they are not in the sports

i'm mark crumpton. this is bloomberg.another round of bad news highlighting the risk at that the global economy is heading for a downturn. with germany and china both suffering, and bonds in the u.k. and u.s. sending out recession warnings. dana peterson is joining us. thank you for joining us. how bad is it? obviously, the china data, the industrial growth at a 17 year low, germany sliding into a recession -- can we see the world is a recession or are we not there yet? dana: we are not there yet, but economic indicators have been worsening. in china waited receive some pretty pathetic data. retail sales, industrial production and germany. we had negatives on gdp. so there are concerns about the future, the next 12 months and what will look like globally. romaine: you mentioned what we got out of china and germany. we obviously have mixed data coming out of other segments in europe and the u.s. is the global slowdown, is it issuesrelated to demand issues or financial stability issues, or is it more policy induced when it

we turn to mark crumpton for first word news. rk: president trump: congress to draft new legislation that would require background checks on gun sales. this was after the shootings that left a combined 31 people dead. the president spoke to reporters after leaving the white house to visit el paso and dayton. >> there is no political appetite from the standpoint of the legislature, but i will bring that up. there is a great appetite, and i mean a strong appetite, for background checks and i think you can bring up background checks like we've never had before. senateearly all democrats and a growing number of republicans have voiced support for so-called red flag away that would keep guns from people who might be in danger to themselves or others. at least 14 people have been killed, and 145 others wounded in a suicide car bombing in kabul. the bomb went off at a vehicle checkpoint outside a police station in the afghan capital. the nation's health ministry says most of the victims were civilians. the taliban has claimed responsibil

. ♪ mark: i am mark crumpton with first word news.president trump's visit to dayton, ohio, the site of one of two mass shootings this weekend, protesters line up outside at the hospital when many victims are being treated. they wanted he president to know he was not welcome in the city. the white house said the president was there to think first responders and hospital staff as well as to meet with victims and their families. later, the president will visit the site of the second mass shooting last weekend. baltimore democratic congressman, elijah cummings, says government officials must stop making what he described as incendiary comments that only serve to divide and distract the nation from its real problems, including mass shootings and white supremacy. he made the comments during an appearance at the national press club in washington. he did not mention president trump by name, but it appeared clear who he was addressing. country, we finally must say that enough is enough. that we are done with the hateful rhetoric, that we are d

i am mark crumpton. this is bloomberg. ♪ >> this is bloomberg market the close. i am scarlet fu.aroline: 30 minutes from a tumultuous trading day to say the least. in the green, making up most of the yesterday losses. >> breaking news does not end this afternoon. the club contract president trump says favors amazon. defense secretary mark ordering a review of the pentagon path after criticism amazon has been giving an unfair advantage. this contract is valued as much as $10 billion. redave seen them turn into at the president's tweets. >> now see in nasdaq one of the key underperformers doing even worse. apple really dragging us low. enacted.iff being electronics and electrical machinery. apple could be hit. crude oil was where we felt some of it. >> down 7%. it feels like an overreaction. we will find out if it is as we look at the commodity space overall. there is a lot of red across the board. we start with oil down again and there is the leg lower on the day. then we move on. 10% tariff on the imports. let's start with oil. i didn't see anything specific to supply states with

i'm mark crumpton, this is bloomberg. >> live from bloomberg world headquarters in new york, i'm shery ahn. >> live in toronto, i'm amber can mark. welcome to "bloomberg markets." >> your other top stories we are following from around the world. boris johnson threatened a coup, the queen approving the request to suspend parliament. clearing the rosa for a hard brexit. a drop in u.s. crude stock files, easing worries about the new demand because of the china u.s. trade war. store warning, tropical storm dorian is about to sideswipe puerto rico and the u.s. virgin islands. we will have the latest. get a quick, let's check on the major averages right now. climbing the wall of worry, we can see strengths is fairly broad aced with tech stocks lagging after the warning from autodesk. however, it's a market the pellet gun feels comfortable going public in, filing their s-1, we learned that this is a nearly $1 billion juggernaut in sales. still losing money. and while that might cause some doubts about performance in the ,ight of uber and lift significantly below their ipo prices, that basket

mark: i'm mark crumpton with bloomberg first word news.been reporting, there are major developments today in the trade war between united dates and china. president trump has ordered all american companies with operations in china to begin looking for alternatives. his tweets are in response to news from beijing that it will impose additional tariffs on $75 billion of american goods. is also ordering fedex, amazon, ups, and the postal service to begin searching for the powerful opioid fentanyl in all packages from china. a moscow court has ruled that an american man suspected of spying be kept in prison for two more months. the court ruled today that paul weiland the cap behind bars until mid-october. kept ineportedly cramped conditions at a moscow detention facility, built on will him and the court called and amulets. paramedics said he did not require a helpful station. the u.s. embassy last month said his condition has worsened. weiland read a statement to reporters. no

mark: i'm mark crumpton with bloomberg first word news. large portions a lending and the surrounding area are currently without electricity. the outage occurred because of a failure on the national grid network. the drop in power is also affecting traffic lights around the city, transit in the area has also been affected. you are looking at a live picture from our bureau in london. president trump says he received a letter from kim jong-un about the growing number of missile tests coming from the country. the president spoke to reporters earlier. >> he also sees a great future for north korea, so we will see how it all works out. in the meantime, i will say again, there have been no nuclear tests, the missile test have been short range, no ballistic missile tests. mark: the trump administration says diplomacy with north korea remains on track thanks in part to president trump's personal rapport with the north korean leader. mitch mcconnell says gun might assuage and at the top of the agenda

i'm mark crumpton. this is bloomberg. ♪ shery: i'm shery ahn. i'm amanda lang.elcome to bloomberg markets. shery: here are the top stories we are following. germany makes bond history. the country sells 30 year debt of negative yields and is met with anemic demands. have investors reached their pain threshold? amanda: the fed versus everyone else. three more rate cuts this year later this afternoon. we will get fomc minutes. shery: mobile pay no more. jp morgan is scrapping its digital wallet app. what it means for the future of mobile payment. let's get you started with a quick check of where markets are trading in the afternoon. we are seeing some upside for u.s. stocks with every sector in the green. we are checking on those energy segments as well as consumer discretionary and tech leading the gains. we are seeing a little bit more optimism in the markets with better-than-expected earnings. trump saying probably the u.s. will make a deal with china. the nasdaq is up 73 points. take a look at the retail sector. the bloomberg retail index is now at a three wee

. ♪ mark: i'm mark crumpton with bloomberg first word news.dent trump has signed a bipartisan bill to suspend the debt to report two years and allows the u.s. government to spend more on defense and domestic programs. the measure received final approval when it was passed by the senate on thursday. the measure suspend the debt limit through july 31, 2021, eliminating the risk of a default until then. it also sets budget caps for two years that will permit $324 billion in additional domestic and defense spending above the current cap levels. in new york, a judge is recommended in new york city police department fire officer daniel pencil layout. he is accused of using a chokehold in the 2014 death of eric garner. weekswyer will have two to submit responses before police commissioner james o'neill makes a final decision on punishment. puerto rico's governor ricardo resignation takes effect at 5:00 local time today but his successor has still not been chosen. lawmakers have delayed a vote until monday after rosello's