mark: mark burton with his crystal ball. 2-1 is my prediction, england and colombia over two hours time. scarlet: i have england going far in my bracket. markwelcome back anytime. scarlet: thank you. let's get over now to the french. stock jen is accommodating market moving operations as part of their expansion plan. the ceo says the plan to take over the products "completes its set up in europe's biggest economy." joining us with more is our bloomberg reporter. thank you for joining us. give us perspective. they had to be rescued and is now owned or partially owned by in germany.nt how does it state with its overall strategy? sit withes it its overall strategy? >> this is part of the restructuring plan, and they have sold today or they will , equitiesusiness markets and commodities, so this is a business with 400 euro revenue business and they did not disclose it and it consists istwo colors, so the first the etf business, and also for retail investors and the other part is structured products we talk about, certificates, and these types of products and they are all the rage with retail investors. we are talking about a versatile business

mark: how old are you? >> good question. 56. mark: and you started in radio, how old were you? >> 27ish. mark: and so you started on fox, you were in your 30s? >> yes, early 30s, 23 years. mark: you think can you do this for another 10, 20 years? >> i don't think about it. people say what part do you think -- well, i just do my thing every day. here's my analogy, and i don't like when people get too egotistical and think i did this, there are people in our business, i believe what the bible said, if you're not against us, you're for us. people that hate both of us, if they're doing good things for the country, i don't care what they say about me. i want the country to succeed. i view it as we're all spokes in a wheel, every spoke is necessary to make the wheel go around. and by the way, every american citizen voting in 2018, they want to undo your -- undo the last election. they want to do-over. 2018 is a do-over. four things they want to do and i mentioned them earlier, impeach the president. open borders. keep obamacare and they want their crumbs back. and we can't let this happen. midterms

mark: how old are you? >> good question. 56. mark: and you started in radio, how old were you? >> 27ish. markso you started on fox, you were in your 30s? >> yes, early 30s, 23 years. mark: you think can you do this for another 10, 20 years? >> i don't think about it. people say what part do you think -- well, i just do my thing every day. here's my analogy, and i don't like when people get too egotistical and think i did this, there are people in our business, i believe what the bible said, if you're not against us, you're for us. people that hate both of us, if they're doing good things for the country, i don't care what they say about me. i want the country to succeed. i view it as we're all spokes in a wheel, every spoke is necessary to make the wheel go around. and by the way, every american citizen voting in 2018, they want to undo your -- undo the last election. they want to do-over. 2018 is a do-over. four things they want to do and i mentioned them earlier, impeach the president. open borders. keep obamacare and they want their crumbs back. and we can't let this happen. midterms usual

mark: he's trying to get the most money. >> the question is does fox come back? it could just continue. mark: is there a carve up? is that the most probable outcome? someone gets one asset. maybe disney gets 21st century fox and comcast gets sky. they seem to want sky. >> that theory is gaining increasingly. disney ends up with most of the fox assets. either party taking on too much debt could happen. neither party has come out and said they would be happy with a carve up. public positions of both parties is we want fox and sky. markbidding war. bloomberg media and telecom reporter. what a day it has been today. stocks rising. seventh day and eight for european benchmarks. trade concerns diminishing after yesterday's fears sent stocks down for two and half weeks. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. david: it is noon in washington. from new york, i'm david westin. shery: i'm shery ahn. welcome to bloomberg markets: balance of power with a focus on the intersection of politics and the economy. david: your the top stories. making the president happy. president trump says he has been very unhappy with nato a

mark: no. jonathan: leveraged loans or u.s. high-yield into year-end? priya: leveraged loans. jonathan: i know you didn't want to answer this, bob, but you are on the spot now. come on. bob: loans. mark: loans, they're both right. jonathan: come on. [laughter] jonathan: 7:21 next friday ahead of payrolls, if there isn't a presidential tweet, are you going to be bearish for the payrolls report? if you don't get the presidential preview, are you bearish the payrolls report? priya: no. i think he has been told not to tweet, but no. bob: no. markjonathan: guys, where's the fun with this? [laughter] it has been great to catch up with you. that does it for us. we will see you at 1:00 p.m. next friday new york time, 6:00 p.m in london. this was "bloomberg real yield"" this is bloomberg tv. ♪ >> oil rises over 10%. is it a short term supply or a longer treatment affected by iran. trade battles claim another victim. we look for the opportunities on trade. china could buy 4 million tons of soybeans from brazil. the problem is recovering from a trucker's strike. alix: i am alix steel. welcome to "bloomberg: commodities edge," 30 minutes focused on the companies, physical assets, and the commodities with the smartest voices in the

mark's hat, mark's coat. and closed the car door and then proceeded to like scream down the driveway which mark would never haveone. >> reporter: did you call out to him or wave? >> i waved and i went, "ugh, i hope that's mark." >> reporter: i hope that's mark? well, of course it must have been, stephanie thought, rushing a bleeding ding to the vet. about 20 minutes later, stephanie walked up to the house to use the bathroom. this time the door was unlocked. about this was weird. >> before i even got to the door, there was this immense smell of bleach. >> reporter: bleach? >> yeah, like it took my breath away. >> reporter: and inside the house? >> there was three wet, what looked like blood spots in the hallway that had, obviously, been just cleaned, and they were still drying. >> reporter: perhaps ding had bled on the carpet and mark had cleaned it up? but why would he take the time? >> he wouldn't stop and spend half an hour cleaning. his main thing would be getting ding to the vet, then getting to his appointments. >> reporter: but other than those wet spots, everything else appeared to be the way mark would

mark: how old are you? >> good question. 56. mark: and you started in radio, how old were you? >> 27ish. marktarted on fox, you were in your 30s? >> yes, early 30s, 23 years. mark: you think can you do this for another 10, 20 years? >> i don't think about it. people say what part do you think -- well, i just do my thing every day. here's my analogy, and i don't like when people get too egotistical and think i did this, there are people in our business, i believe what the bible said, if you're not against us, you're for us. people that hate both of us, if they're doing good things for the country, i don't care what they say about me. i want the country to succeed. i view it as we're all spokes in a wheel, every spoke is necessary to make the wheel go around. and by the way, every american citizen voting in 2018, they want to undo your -- undo the last election. they want to do-over. 2018 is a do-over. four things they want to do and i mentioned them earlier, impeach the president. open borders. keep obamacare and they want their crumbs back. and we can't let this happen. midterms usually aren'

facebook's market value they fell as much as twenty percent on thursday the most in its entire history marked marked the largest ever loss of value in one day for an american traded company one reason is facebook's weaker than expected growth probably due to the effect of a data privacy scandal the tech giant's costs also continue to rise as facebook focuses on tightening security and improving content. as than a cold mentioned earlier dime love posted disappointing results today the german carmaker said second quarter earnings were down twenty nine percent on the year that's even though the maker of mercedes benz sold more cars and trucks down the said terrace partly to blame for the profit shortfall in europe dynamo is also dealing with a major recall of its these all cause. wednesday's deal between the u.s. president donald trump and the used is welcome news for europe's energy is that utilities buying more u.s. think with foreign natural gas could reduce europe's dependency on russian natural gas and give them more choice about this still a lot of work to be done before that can become reality i

mark, mark something. it sounded quite like a german last name, stern. rob stafford: mark stern. whenever he was in town, this mark stern seemed to be a fixture on the nearby slopes by day and a cafe presence by night. no one seemed to know where he slept exactly, until late 2008. here on the left, we have the agency. rob stafford: that's when he walked into this real estate office and signed a lease. this is where he rented his apartment. yes. rob stafford: it looked as though the rich american intended to stick around for a while. here in italy, it's not a very affordable price. rob stafford: the apartment he rented was in a convenient spot near the center of town. whatever you would need is right here. just a few steps from the lift at the bottom of the mouth that carries skiers up to the slopes, and just a few yards down the block from a local grocery. and he would shop in here? yes. rob stafford: handy enough for a single man just off the slopes to run in and grab a few supplies and something simple to heat up at home. the stranger might well have lived on indefinitely as cou

mark: hello, america, i'm mark levin. this is "life, liberty & levin." i have great guest. governor huckabee, how are you my friend. >> doing great, mark, honored to be with you. mark: likewise, likewise. everybody knows who you are. let me give a little background. michael dale huckabee, you are an american politician, we know. christian minister. author, radio host for a period of time, no? >> yes. mark: commentator obviously. the 44th governor of arkansas. governor for quite a long time. >> almost 11 years. mark: almost 11 years. you, prior to your political career you served as a pastor, when? >> it's been almost 30 years ago, it was a period of time about 11 1/2 years and my first career was broadcasting, radio, television, i ran an ad agency, and then as kind of a long story but the short version is i ended up being a pastor, which was a wonderful part of my life, because it was a school. it was graduate school in humanity. because when you're a pastor, you see every social pathology that exists in our culture. up close and personal, and every single issue that is faced by the people of our nation, you can put a name and a face o

mark levin is up, please do join us again next sunday when" televised. . mark: hello, america, i'm mark levin. this is "life, liberty & levin." and i'm here with an old friend of mine. lieutenant colonel allen west. >> good to be with you, mark, i'm fantastic. thanks for having me. mark: lot of people know who you are. you retired u.s. army lieutenant colonel, former member of the house of representatives. you were born in atlanta, georgia. same neighborhood as martin luther king. >> actually our neighborhood. the old fourth ward neighbor vin: and you hold a ba from the university of tennessee. two masters degrees, kansas state university, and general command staff officers college, now your father was in the military? >> yes, my father was a corporal during world war ii. mark: older brother? >> lance corporal in the marine corps in vietnam. mark: and your nephew? >> just got back from third deployment in the middle east, and stationed at oklahoma where 35 years ago i showed up as a brand-new second lieutenant. mark: and you served in iraq? >> desert storm and then in iraq and went to a

mark. mark, i love the perspective you gave. that is the reason. well done. mark back, joe. >> i will. vonnie: this is bloomberg. ♪ mark: live from new york, i'm vonnie quinn. -- vonnie: live from new york, i'm vonnie quinn. mark: live from london, i'm mark barton. davidson, the company cuts its profit margin forecast. emma chandra has been digging in. profit margins going to be narrowing. does this have anything to do with tariffs? is saidperating margin to be at 9.5%. they have been forecasting 10% and their margin has been falling since. the company has been taking a hit to profitability. they have cited the impact of tariffs both on the raw materials and on the tariffs on the bikes themselves. why are we seeing of the stock jumped today? the impact of tariffs is less than previously estimated. hit harley with higher tariffs last month. in retaliation to tariffs on steel and aluminum. we heard from their ceo earlier today. >> when tariffs were enacted by quarter,in the second a put pressure on our business and we made the best decision. to costfs are so going t

mark david white. clam told him here though it. could put him out of his misery he lived or you lay down there with it so he threatened mark and. so he grabbed a pillow stuck the gun to look the other have a pillow. darnell or mark a camera with one but on the other it's polk's he fired shots in the pillow so they put the pen on the head just on the back of his hand someplace else and then they shot him mark that this man with what gun twenty two or over kids can tell you i said all three of my guns. and you want to anyone who didn't have your stuff. but if all three have a gun why would they go to that creek because clinton says so if they all have a gun you would have to ask them doesn't make any sense to me. but if they are with the first group. big drug. here's the problem and this is the thing about texas law. there's what's called the law parties now i was indicted as the primary shooter i was tried as a primary shooter i killed all these people they had guns hostage you know or forced them all to do everything everybody's got a good time but the person testifying everybody's in fear for their life. none of them would have been here and here i am not if. but that's the press kit to say about the amount of

mark: you have written on turkey, a lot going on. >> not a lot of it news. mark: will they go bad to worse? >> it does not look promising but we will need to wait and see how the powers will be and how the new powers will do. look like a prospect for happiness. june 24, central bank meeting. marknniversary. >> thank you. mark: they are heading to stockholm. bloomberg's market shush worth. -- marcus ashworth. vonnie: congratulations. jpmorgan shares kicking off bank earnings with a strong report and citigroup and wells fargo dealing with weaker than expected second-quarter earnings. joined by -- what stood out to you? things washe first that trading was really strong across the board, especially for jpmorgan. goldman sachs, bank of america, morgan stanley, goldman and morgan stanley have strong trading, a lot of the earnings are tied to the markets. good trading is good for other banks. and we saw growth in loans. a big positive for the banks. vonnie: at the same time, all these trade tensions, jamie dimon's was shaking them off and said it would be good for banks . >> jamie dimon shook it off and so did citigroup. they said it was not an issue right now but both definitely said it could be an issue moving forward. jpmorgan said it could be an issue as soon as the second half o

mark. harvey: what does mark do? >> mark fakes being jeff at bars. auteghr] >> roseanne addressing the valerie jarrett incident by screaming -- b >> i thought theitch was harvey: it is a primal scream. >> i think she's into that. i think she's into the primal s. crap from the '70'qu harvey: it's very ese. >> yes. harvey: it's esque meets nancy kerrigan.

mark: we'll be right back. f grandfather's. f mark: we'll be right back. . markmake of the >> mark: what do you make of the state of the republican party? >> weak, fek's llt, baseball says -- fekless. lacking leadership. >> mark: who do you blame that on? >> sean: most of them. the people i trust the most in congress are the freedom caucus. they fight for the things they have -- you know what the republican party is missing? they literally, it's a layup follow the courage, the strength, the principles and the promise keeping of donald trump. if you want to get re-elected instead of calculating what is going to happen, what if i do this, what if i vote this way, keep your promises. >> mark: why do we need a freedom caucus within the republican party? >> sean: it should be the whole republican party. think of this, the reason they couldn't repeal and replace obamacare, they never had any intention of repealing and replacing obamacare. they're as bad as the democrats n the senate in 2015, you had, they voted to repeal obamacare. straight vote. seven of them when it

mark did what i. claim told him here though it. could put him out of his misery i mean he gave or you lay down there with it so he threatened mark and. so you grabbed a pillow stuck the gun in the pillow tried to have a pillow. darnell or mark. but i know there was a pillow cause he fired shots in the pillow so they put the pin on the head just on the back of his hand someplace else and then they shot him mark that despite what gun twenty two are all over kids can tell you i said all three of my guns. and you want only one i didn't have your stuff. but if all three have a gun why would they go to that creek because clinton says so if they all have a gun you would have to ask them doesn't make any sense to me. you would prefer. big drug oh oh . here's the problem and this is the thing about texas law. there's what's called the long parties now i wasn't dieting as the primary shooter i was tried as a primary shooter i hit all these people they had guns hostage you know or force them all to do everything everybody's got a gun but the person testifying everybody's in fear for their life.

mark: live from london, i'm mark barton. vonnie: in new york i am vonnie , quinn. time for the bloomberg business flash come a look at the biggest stories right now. boeing and a brazilian playmaker have been enjoying -- have decided to do a joint venture. boeing would own 80% of the new enterprise, which will help with small liners, with the addition of a small e-jet. and the brazilian committee will remain an independent company. at taking in other aim regulatory approval to great the largest industrial gas proprietor. the american company agreeing to sell european assets to japan's company for $5.9 billion. they are trying to soothe antitrust concerns for the takeover of linda. that is your latest bloomberg business flash. markecking out, i know you you will find all of the exciting charts on bloomberg television. dax versus mdax, that i told you all about. go on that function. gtv go. this is bloomberg. ♪ vonnie: that is some of my reporting from tictoc by bloomberg, live on twitter. i am vonnie quinn in new york. mark: live from bloomberg's european headquarters in london, i am mark barton. markets.loomberg let's check in on first word news with kailey leinz. robert mueller is getting reinforcement to expand his investigation into russian meddling. he is making more use of career prosecutors from the justice department and fbi agents. a sign he may be laying the groundwork to eventually handoff parts of the probe. president trump has completed his interviews for the supreme court seat, according to fox news. he has a spent the week deliberating on his choice to fill the seat vacated by kennedy justice kennedy. unemployment benefit applications rose last week. jobless claims were up. the overall number is c

mark. mark lowen in mati in greece. mark lowen in mati in greece.twave that's caused the deaths of a least 65 people injapan, has been declared a natural disaster by the country's weather agency. more than 22,000 people have been admitted to hospital with heatstroke, nearly half of them elderly. japan recorded its highest ever temperature yesterday of 41 degrees. people are being advised to drink plenty of water, and use their air conditioning, something a lot of older people are reluctant to do. after a pay cap and a succession of wage freezes, more than a million public sector workers, are to receive their biggest pay rise in nearly ten years. teachers will see their salaries increase by up to 3.5%. for military personnel, it's up to 2.9%. for police officers, 2%. and junior doctors will see their pay rise by up to 3%. but labour says the increases will come at the cost of other services, because they're being funded by other government departments, when it should be the treasury picking up the bill. our education editor branwenjeffreys has more.

harvey: what does mark do? >> mark fakes being jeff bars.laughter] >> roseanne addressing the vale screaming --cident by >> i thoug t bitch w as harvey: it is a primal scream. >> i think she's into that. i think she's intohe primal harvey: it's very esque. >> yes.sq harvey: it's eue meets nancy kerrigan.

mark, thanks for having me. mark: i haven't seen you in five or six years. >> it's been awhile. mark: yeah. well, i wanted to bring you out here. memorial day is not that far from now and do you this magnificent program every year except for last year when your daughter had a baby and that is the national memorial day concert. i don't miss it, and i want to get into the other things that you're doing too in your acting career because to me, you're kind of unusual for hollywood, because you're an exceptional patriot, you are like a superpatriot. you are involved in veterans' activities. involved in so many veterans' activities, i can't keep count of them. i was studying this over the weekend, over the last weekend. so let get started with this. first of all, a little bit about your background. you grew up in chicago? >> yeah, i was born on the south side of chicago in a town called blue island, which is kind of south, south side of chicago, and then i moved eventually about, when i was nine, just after the kennedy assassination, i remember. i remember that very, very well. i was in about thir

markings marking a business course just joining me school is a very expensive and present that's all i live in a poor neighborhood at the edge of sao paolo so i can't afford it but gastro tiva helps us poor people and has helped me get an education is what i suppose was my scouting. there whipping up quite a spread out of rejects karate use that's been deemed not good enough for a top notch establishment some of the vegetables are getting a bit soft. we're wasting as well so that became part of my my boy i mean you know like i cannot waste one tomato and we brought this to our educational program so now food waste to fight food waste it's essential for us when we train kids gastro multi-verse students learn how to make the most of the materials they work with for many it probably makes intuitive sense not to waste food. here we have. leftovers off yellow pepper you can see there is only. the top part because for. so we're going to make a cup or not we have potato peel you can make also like a. top it off. with some some seasoning press you know some fresh herbs and you can service ei

mark. it's known as a slap mark. made when the needle smashes against the console at high speed. and prosecutors revealed the reasoning behind it all. justine like many 16-year-old girl also a boyfriend. hers was named ryan. it was white hot, this relationship. he was her world. that day in march, there'd been a tiff. they'd had words. that night she drove ryan home, asked him to get out of the car, he said they were through. she began texting ryan. apparently while behind the wheel. the first text half an hour before the crash. >> good-bye ryan, just live your life knowing you did change me. my last words, i love you, ryan. >> then her text became somehow threatening. >> if i won, i would have you and i wouldn't crash my cash. >> and ryan answered. >> you kill yourself i kill myself. so come on, don't be selfish. >> that's only thing i want to live for, you, ryan, you keep me living. >> stop it. you hurt yourself and i'll know, i'll do the same. >> that's why i'm going to wreck my car because all i can do is [ bleep ] up. good-bye, ryan. i love you. >> then the final message from ryan. >> you killing yourself is just another way for you to run away. >> and just five or six minutes later, prosecutors said justine drove her car into erin thompson's lane to commit suicide but instead, killed mother, child, unborn baby. the prosecution had made its case for murder. now the question was, what could justine winters' attorneys possibly say to make a jury believe otherwise? >>> coming up. >> the defense takes on the heart of the case. those texts. when "dateline" continues. only n for up to 12 hours with just one pill. aleve back & muscle. all day strong. all day long. happiness is powerful flea and tick protection from nexgard. nexgard kills both fleas and ticks all month long. and it comes in an easy-to-give tasty chew. so you'll be happy you're keeping your dog protected with nexgard. no wonder it's the number one choice of vets for their dogs and yours. see your veterinarian for more information on flea and tick protection you and your dog will love. nexgard. the vet's #1 choice. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? new cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! new cascade platinum. well, esurance makes finding the right coverage easy. in fact, drivers who switched from geico to esurance saved an average of $412. that's auto and home insurance for the modern world. esurance. an allstate company. >>> dara brown. president trump is spending the weekend at his golf resort on thursday. denying allegations from michael cohen that he had prior knowledge of that 2016 trump tower meeting. >>> john lewis and been hospitalized after falling ill on a flight saturday. he is resting comfortably and is expected to be released sunday. now, back to "dateline." >>> welcome back to "dateline" i'll craig melvin. the prosecution had made their case. now it was the defense's turn. could they convince the jury to see justine winters' text messages in a different light? once again, keith morrison. >> every day in this montana courtroom, the family of now 17-year-old justine winter, dutifully shuffled to the seats behind the defense table. their face by their attorney's decree, an intentional blank. emotionless. their apparent demeanor a spur in the hide of an already angry town. but almost no one knew what was really going on. justine's mother mary who'd been struggling with alcohol caved in to the stress. tell me how it changed your life. >> i ran. i ran away from it all. i couldn't deal with it. i just left the house. i didn't come back. >> justine's brother, kyle, dropped out of college to help keep things together at home and get justine to her medical appointments. and her father turned angry and bitter at the continuing prosecution of his little girl. >> i could be sitting in the living room watching tv and all of a sudden i hear something. i'd just completely lose it and start crying. >> the whole world, said justine's dad, seemed to bend on misunderstanding demonizing his little girl, yet he said she'd always been so good, kind, thoughtful and responsible. getting almost straight-as in high school. but mostly wouldn't harm a bug, literally and cared about people. would never, never want to hurt that sweet woman or her son or her baby. >> always had a smile. always wanted to help. it's who she was. >> what kind after little girl was this? >> just a good girl. >> but it might interest you to know that as the winters spoke to us here, they were doing so against the expressed advice of their attorneys. and when it was time for justine's defense team to make its case in court, attorneys maxwell battle and david stuffed told the jury that everything the prosecution told them, everything they knew about the case so far was wrong. >> what happened out there was an accident. >> including where the crash occurred. remember the prosecution's experts testified there was no doubt justine crossed the center line. but an engineer hired by the defense said turned their research turned that on its hid. claiming it was erin who struck justine and claiming that the slap markear the 85 mile mark in justine's car was planted there by investigators. that the black box that measured speed and braking was plain wrong, that justine always wore her seat belt. and finally, a psychologist said that a spat with a boy wasn't enough to lead to a suicide attempt. and those texts should not be considered a suicide note at all. >> it was a way of exercising power and control. in the relationship to make that kind of threat, but it was always clear it was never meant. >> what would justine winters say about what happened here that might about those texts? the jury would never know. she did not testify on the advice of attorneys, said her family, and of course that was her perfect right. justine suffered a brain injury in that crash. so her recollection of the last few days leading up to the crash and that night itself here, she doesn't remember. she is charged with a crime about which her memory is a complete blank. so, then, how could the jury know that justine knowingl

mark crumpton. mark, what do you have? mark: the u.s. e wto is calling on the wto to update its rules to deal with trans-related to chinese industrial policies that he said harm other countries. this regular review of country trade policies, chinese finance -- the chinese finance minister warned today that the multilateral trading system now faces severe challenges. >> we would like to call all wto members to the heavenly -- the defend [inaudible] influential treatment for developing markets. to tradermly stand up wars, protectionism, and unilateralism. mark: the head of the swiss permanent mission to the wto countered "the stakes are high, so are the challenges faced by china and reconciling its responsibility as a global economic leader with domestic policy constraints. ." president trump's former campaign chairman paul manafort will be transferred from warsaw, virginia to a jail in alexandria, where he will stand trial on july 25. manafort sayser he is treated like a vip behind bars. special counsel robert mueller's the revelation toda

let's get you to the first word news headlines with mark crumpton. mark? mark of the wto says anyone who supports free trade must speak out against the increasing threats to the multilateral, order. speaking at u.n. headquarters in directorday, the wto general call for an are to response to prevent what he calls the eye for an eye becoming theariffs secretary of state mike pompeo will testify before congress today about america's relationship with russia. yesterday, secretary pompeo says history will show the world benefited from president trump's meeting with russian president vladimir putin. pompeo says he plans to tell the senate foreign relations committee about the trump administration's "unequal efforts to push back against russia." isn's president says there no need to response to what he calls "president trump's empty threats." the president's remarks today were his first since mr. trump warned the iranian leader of dire consequences for threatening the united states. he told his cabinet that they re "baseless elements and there is no need for us to res

. >> mark's words and mark the calendar. -- marked his words and mark the calendar. hese work -- mark his words and mark the calendar. all of these works will return to fox. >> you can watch all of these and the 49ers. it will help you get excited about the upcoming season. >> we want the fans excited about this team going into the season. we have won five games and want these players excited. when you hear guy screaming and yelling even after practice, there right in front of you, to get them excited to play. >> fans can sit during the workouts and tickets are going fast on the team's website. they cost five dollars. all proceeds go to the 49ers foundation. >>> richard sherman was medically cleared to practice. the star quarterback from seattle, he is recovering from an achilles injury. he says his injury is motivation. >> you get bored. it is a routine. you go out there, you play 16 games, you play at a high level, you do your best. sometimes, throwing a wrench in the plans kind of helps you. it wakes you up. it reignites a fire. it takes you back to where you need

mark crumpton. this is bloomberg. david: thanks, mark. president trump came to the office promising to be about economic growth and job creation and his first year with largely given over to getting tax cuts done. but this year, he shifted to trade disputes. how do these two things fit together? welcome tim phillips, the president of americans for prosperity. mr. phillips joins us from washington. welcome. tim: it is good to be here. david: let's start with the announcement you made at the end of last week. that is about the rescissions oppose oh -- proposal. explain why that is important to you. the president did the right things we took the step of saying, let's get rid of billions of dollars of the spending in the omnibus milling, good, common sense fiscal responsibility thing to do -- the president was right. some renegade republicans joined in defeating the very modest rollback of spending. holding the task of democrats and republicans who voted against the president's commonsense measure to get rid of some of the spending that is hurting our nation. david: exactly. and what you just said, a very modest proposal. bucket -- ain the drop in the bucket? tim: it was a tiny step. over $600 billion, this would have shaved off only $20 billion of that. knowledge and they have a big spending problem, and as you know, part of solving any problem is that knowledge and you have got to one. that is why this package was a good starting point. david: it did not go through, but we got the tax cuts which is stimulative, it is going to be a big price tag attached. are we essentially giving back that agenda in the tariffs that appear to be ratcheting up? tim: we are. lotident trump deserves a of credits. it is one of the key reasons we are seeing the american economy take off but he risks undermining it with the trade war. politicians like to feel tough. sometimes protectionism makes them feel like they are doing something. what they are doing is being tough on american consumers by raising the prices of goods they buy every day which free trade keeps down. they are being tough on american businesses that are the victims of these tariffs. when he picked the steel industry to prop up and save, you hurt american industries who rely on steel because they are paying higher prices for a key product. efforts we are seeing, they also hurt american businesses. the president is touting foxconn has been example of the manufacturing revival you envision. it will create according to him, 15,000 jobs. can his vision coexist with tariffs? economicffs undermine development and growth. there counting on government not using its power to pick winners and losers in the marketplace. gdpave an american economy, is $14.5 trillion a year. the idea that government on either party -- you can sit in washington dc and say, we are going to rain down something like foxconn so it will come here are we are going to protect the steel industry with tariffs -- it is picking winners and losers and that is far better to have lower, flatter tax rate to everyone, let's regulation and the knocking down -- less regulation and knocking down barriers for everyone, make toeight -- make it apply everyone and get government out of picking winners and losers which these tariffs are doing. i think about soybean farmers today, they have every right to be afraid because other countries are going to say, we are not going to allow american soybeans without increases on those. we are seeing the negative impact of these tariffs. they risk undermining an economic recovery which is helping so many americans. we think that is a bad idea. shery: there has been a speculation about tax cuts 2.0 and individual cuts being made permanent and the tax foundation says that will cost $1.5 trillion in a decade. is this a good idea? tim: we absolutely think the tax cuts .0 is a good idea -- 2.0 is a good iedeas. we so the rates lower in 2015 and revenues to the government in the first quarter are through the roof. lower tax rates clearly stimulate economic activity. historically they have done that. even for individual tax cuts -- those are for the business but not those that spurred the economy that much? tim: the data is not in yet on individual tax cuts, but the bush tax cuts that lowered individual rates, we saw revenues to the government from egypt come brackets go up over the following five years. on thes do work individual side according to the results we saw from the bush 2001-2003 cuts and the reagan tax cuts, so they do increase revenues. the reason the deficit has -- a bipartisan problem -- they spent over $600 billion of additional money beyond the discretionary spending caps. that is why we are seeing the deficit spike. revenues are up in part because of tax cuts. david: you are going to go out with a campaign on rescissions. are you going to go out with an issue on trade? they are saying you are going to support you going to the republican candidates in the house and senate were pushing back on trade? tim: we are. arennounced that we launching a multiyear, multimillion dollar effort to explain to our fellow americans the good, the virtue of free trade. out helps them individually and how it helps our nation. we think the lee davidson effort, senator lee, congressman davidson, that is a step that establishes congress having a key central role in economic policy. that is any administration. we think it needs to be in the in a joint effort between congress and the executive branch. it is a long-term effort. we have lost ground with conservative voters who for a tradeime, understood free -- we have lost that. shame on us. it is our job to go out there and make the good case for why free trade improves people lives. owns a business, free trade is good. it is never perfect, but it is good. we are going to be out there making the case in the short term, saying let's give congress a better say, and in the long term. david: tim, thank you. that is tim phillips, americans for prosperity presidents. coming up on wednesday, bloomberg brings you complete coverage of the boston pops fourth of july concert and fireworks spectacular starting at 8:00 p.m. eastern on bloomberg tv, radio, and online. this is bloomberg. ♪ ♪ shery: welcome back. thecasino stock falling months currently down. mcal casino revenues in june. about 17% the last week in june is particular weakness, casino companies across the board to suffering today. the analysts saying it is down. has brought some au.blers away from mac there's been a crackdown entertainment and spending. that continues. there's is also number 15 is saying they have at some unlucky vip play, etc.. ,here is some concern for wind if you take a look at my bloomberg. bars,which is the yellow it is the largest source of revenue. david: what about the gaming industry overall? emma: if you look at your to date, that is down 17 -- 7.7%. the end of last week, we had union gaming analyst saying that estimate is overdone especially when you look at nevada and what goes on in vegas. it could be a buying opportunity. shery: emma chandra, thank you. that is the latest on gambling and casinos. coming up, a new generation of democrats heading to washington. former communications director under president obama, dan pfeiffer, joins us. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: balance of power." i'm david westin. shery: i'm shery ahn. let's get a check of the major averages. here's abigail doolittle. abigail: we are looking at decent declines for the major averages we have the dow, s&p 500, nasdaq, all lower. the nasdaq slipped higher. at the lows can all three major averages down 7/10 of 1% or more. we are off the lows. investors remained concerned about the possibility of a trade war. this is weighed on a weekly basis. let's hop into the bloomberg and whatit -- take a look at is happening or these are the moves up or down for the three major averages. this year, big moves in january, february, march. january to the upside. february and march, we had big moves to the downside. out,i would like to point the dow is on pace for its first four-week decline. the week is young. since may ofay 2016, both the s&p 500, and nasdaq on pace for a third week down. for the s&p 500, that would be the first to climb for the s&p 500 since june of 2016 since the time of the brexit. that speaks to the dirt -- to the degree of uncertainty. let's look at a bright spot we have shares of vmware and del technologies. both shares trading higher. this is on the announcement that dell is buying back the tracking stock $21.7 billion. originally, it was used to fund their $63 billion takeover of emc. all of this paves the way for them to trade up a public -- as a public company. finally, we have weakness for the department stores. if we take the look -- a look at me susan cole calls, declines more than 3% on pace for the worst day since may. by oliver chened on nordstrom, basically saying that the earning potential is not great. he cut his price target to $51 from $56 p we see the shares at $50. a good call there. taking the department stores with it. david: thank you. for bloomberg first word news can we turn to markk: thank you. a provincial governor says all 12 boys and their soccer coach have been found alive in the cave where they went missing over a week ago in northern thailand. quotes theted press official as saying they have found them safe but the operation is not over. rescue crews have been working around the clock often in near constant rain. part of the rescue operation has involved draining the water out from the cave and lowering flooded water inside so that the divers can access further chambers where the group was thought to have been trapped. president's longtime lawyer michael cohen is its -- is adjusting he may cooperating with the special counsel's russian investigation. he told abc news that he puts his family and country first. he said he will not be a punching bag as part of anyone's defense strategy. his business activities are being investigated by federal prosecutors. president trump's weekend of oil diplomacy offered mixed messages. oil prices fell after trump that saud

just a short while it's the second day of an official visit by trump to britain and it's been marked marked by controversy in interview with a british newspaper trump said may had quote wrecked the process of britain leaving the european union he also said plans by trees a man for what some call a soft brags that made a free trade deal between the united kingdom and the united states impossible for the life of the press conference between the louis two leaders when it begins now to some of the other stories making news around the world chile and police have arrested former catholic priest oscar munoz in january he admitted to having sexually abused children this is the first arrest to be made sense of authority has launched a major investigation into abuse cases in the church earlier this year prosecutors say there are more than five victims. thousands of people in the garage was capital mogwai have taken to the streets and fresh protests demanding that president daniel ortega resign opposition activists have planned another two days of demonstrations amid fears of brutal government suppres

mark: 4:00 p.m. in london. 11:00 p.m. in hong kong. from bloomberg's european headquarters, i am mark barton. stephanie: i am scarlet fu. this is the european close on bloomberg markets. markre the top stories we are covering around the world. glencore shares plunging the most in two years today. u.s. authorities demanded documents relating to possible corruption and money laundering. angela merkel keeps her coalition together for now with a compromise on immigration policy. with vtbcro strategist capital coming up next. equities are up for the second day in three. germanylition pact in causing the rise against the dollar.

mark? mark: for the last 10 months, the oil curve has been in backwardation. valuableects a real demand, immediate demand for oil. it also helps speculators because it means the effectively oil.aid to be long every time they roll contracts, they are earning money. backwardationoil of the curve has collapsed in the last couple of weeks. this is removing a major support rally.oil my target showing that the backwardation has driven the rally the holy up and is now going to drive oil back down. this is going to be important in the next few weeks. chris, i'm going to have to give my apologies to you. i preferred mark'smuch. thank you so much, guys. chris: the global economy is at stake. rishaad: oil is one of the most important components with in it, is it not? gtd go if you want to have a look at that. ♪ ♪ emily: i am emily chang in san francisco and this is "bloomberg technology." google slapped with a $5 billion fine from eu antitrust enforcers who ordered the company to chase away its certain browser apps on android devices. commissionern margaret joins us ahead. plus, he is known for not holding back. we will hear from former

mark howard, thank you for being with us. mark is senior multi-asset specialist at bnp paribas. let's get the first word news with markton. mark? mark: president trump says he might prioritize a bilateral trade agreement with exit go over canada, and is building a good rapport with mexico's president-elect. the administration might have had separate -- might held separate talks with canada later. the president said he might break up nafta talks in the separate tracts. james comey, the fbi director who was fired by president trump last year, is trying to distance from the republican party. on twitter today, comey urged voters to support democrats in november's midterm's. he wrote "all the believe in these countries values must vote for democrats this fall. history has its eyes on us." the former fbi director said he himself aconsiders republican. former u.k. foreign secretary boris johnson today asked the to abandonmmons not brexit. he told lawmakers to a member the initial enthusiasm for a sharp break from the european union, saying it is not too late to save brexit. >> we halftime in these negotiations. we have chang

mark crumpton. mark: steven mnuchin spoke to reporters at the white house today. he says the united states is leaving the door open for talks with china. >> if they are willing to make serious changes, just as the eu agreed to yesterday, we will negotiate with china anytime. but they need to make a serious change. marksing steel and andinum tariffs counterterrorist will be covered in the first phase of talks between the u.s. and the eu. he reiterated that no new tariffs will be imposed during the negotiations. and if the u.s. concluded an agreement, "there will be no car tariffs on the eu." frauddge overseeing the trial of paul manafort wants to keep politics out of the courtroom. he is laying down ground rules for the bank trail that is scheduled to begin july 31. the judges handing any mention motives orueller's manafort's role in the trump campaign. the vice president says the u.s. turkey ife tariffs on they do not release an american pastor accused of espionage. he was moved from jail to house arrest yesterday because of onset -- unspecified health problems. hasn collins party announced victory. bets ofi stocks rose on a stable government based on khan. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark

mark crumpton. mark: president trump says he is thrilled with the latest gdp report that shows the economy expanding in the second quarter -- the fastest pace in four years. he protect the numbers will continue to get even better. president trump: we are on track to hit that highs average annual growth rate in over 13 years, and i will say this right now and i will say it strongly, as the trade deals come in one by one, we are going to go a lot higher than these numbers, and these are great numbers. markump said the wasse -- pace of growth very sustainable and could create as many as 12 million jobs over the next decade. the leaders of france, spain, and portugal are in lisbon for a minisummit on energy policy in the region. european leaders are trying to raise the profile of the iberian peninsula for the european energy market by exporting their surplus energy from renewables such as solar and wind. meantime, french president emmanuel macron and the portuguese prime minister took part in a debate on the future of europe. the two leaders answered questions from an audience of young people. eu expansion and mass migration were some of the questions addressed by micron, who argue that the may 2019 elections will be decisive for the european union. a group that monitors elections is earning -- urging pakistan's claimsht body to address of fraud made by this week's boat. the claims election commission rejected allegations of fraud without conducting a formal probe. the party did not win a

mark what will happen to europe. christian marker and -- question mark, and another concern to the markets have to deal with depending on the negotiations. mark: would you be raising interest rates soon if you were the ecb? it is a difficult question. cancan only kick down the for so long. extensiond tremendous of the balance sheets of all central banks, not only in europe, but japan and the u.s. 2019 will be the first year where he will have a contraction again on these balance. as far as interest rates, it was always -- the argument was made we don't see inflation picking up as much but we have had an incredible enterprise sensation. cause adid not really flurry, but having seen how enterprises have inflated over the years, i think being in a position of the ecb, i would so be start moving up the interest rates because otherwise, we are also going to see more pressure on the currency would a differential building up a to the euro and u.s. dollars. mark: thank you. we will stay with you, to not move. karsten schroeder of aptitude capitalistic and with this. you can catch all of our interviews on the bloomberg with the function tv and fi

mark. mark: he accused china and the eu of manipulating currency. that contradicts the treasury department report released in april. the president also criticized the fed for raising interest rates and taking away the country's competitive edge. angela merkel says nato's collective defense clause applies to all members, not just big members and added she is glad to have montenegro in the alliance. for her remarks came in response to president trump's comments this week when he said the tiny balkan country's membership in the alliance means montenegrin "very aggressive -- montenegro "very aggressive people could start world war iii because of nato's ritual defense pact." there is supposed to be an update on brexit talks today as the eu urges member states to prepare for a possible disorderly british exit from the block, in which no deal on future relations has been agreed. brexit the gauche nations have been at an impasse. endedt in germany has extradition proceedings against the cattle and president. a spanish judge with through an arrest warrant. spain wanted to try him for rebellion for last year's failed independence movement. global news 24 hours a day on-air, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am markn. back to you in washington. kevin: thanks. earlier, i sat down with the former export-import chairman and i got his take on u.s.-china trade relations. fred: a really bad place. i see only escalation. i do not see an exit ramp that gives people a discreet way of coming off an increasingly escalating situation. i do not see it as a good thing at all. good thing globally for the economy. it may be good for donald trump and not the economy. kevin: $500 billion, that is what president trump said. he was willing to attack on $500 million. fred: that means your iphone will have a tariffs on it. he says that, wait, china has taken advantage of us, and you would agree with us, our intellectual property, for far too long. all of this doom and gloom necessarilyis not with the numbers but they argue the u.s. has the upper hand. fred: i think this is a myth. the idea that the u.s. has the upper hand and can call the shots around the world and bully people is over. our power lies in our legitimac

mark pulisic: no, there's no master plan. not even close. >> alfonsi: mark and kelley pulisic met at george mason university, where they both played soccer. >> get some distance! >> alfonsi: mark a phys-ed teacher. they have three children: chase, dee dee and christian, their youngest. >> kelley pulisic: everything he does has to be at a very high level. he doesn't like to fail. and he wants it to be perfect. when he was two years old, he would color. and he would color out of the lines and just flip out. and i'm thinking, "what's wrong with this kid?" and basically, i didn't want to color with him anymore. and what had happened was, i bought white-out for a two-year-old, and he would get the white-out and go around the edges to make it perfect. i've never seen anything like that. i mean, i have two other kids, and i'm thinking, this isn't normal. and that's like his personality kind of in a nutshell: at two years old, he had to keep in the lines. >> alfonsi: he became obsessed with soccer, and before he started kindergarten had mastered one of the sport's most difficult skills: playing with both feet. he'd play for hours in the yard. when his parents finally coaxed him inside

marked mark levine makes a visit. tioxidants from one total serving of fruits and veggies try new one a day with nature's medley. bundle and save big, but now it's time to find my dream abode. -right away, i could tell his priorities were a little unorthodox. -keep going. stop. a little bit down. stop. back up again. is this adequate sunlight for a komodo dragon? -yeah. -sure, i want that discount on car insurance just for owning a home, but i'm not compromising. -you're taking a shower? -water pressure's crucial, scott! it's like they say -- location, location, koi pond. -they don't say that. it's like they say -- location, location, koi pond. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >> would you call president trump the leader of the free world? can we still call him the leader of the united states? >> all he had to do was not crawl under the covers with vladimir putin. >> i have never seen an american president simply surrender to the leader of russia, you should call this the surrender summit. >> the definition is the first word is treason, bribery, hike crimes and misdemeanors. >> we all know that vladimir putin is holding something over donald trump, we do not know what that is. but we know it be something extraordinary. >> sean: more of the corrupt anti-trump fairly predictable dishonest mainstream media spreading their liberal narratives. joining us now with reaction author of the book out next week which expends a lot of the scum of the illicit scheme to clear hillary clinton and frame donald trump. one week from today and gregg jarrett also with us. fox news investigative reporter and contributor sara carter. let's start with you and the media reaction to all of this. i just laid out all of the times that donald trump had said russia was involved in meddling. the premise of their argument is provably wrong but that didn't stop the hysteria. nor did they explain to the american people that deserve the truth that this all happened on their watch, on obama's watch, clinton's watch, comey's watch, brennan's watch, and the rest of them. >> three months ago the president signed an order imposing new sanctions on a putin and russia and he issued a statement at the time saying he's doing this because russia interfered in our 2016 election trying to sow discord. he has said this repeatedly but the media has amnesia. this president has been tougher on putin and russia than barack obama in eight years. he issued new sanctions on russia and their energy industry and their defense industry, he is expelled at dozens of russians from this country, he is shut down diplomatic properties in washington, new york, and san francisco. for the media to suggest that this president is siding with putin, he's in his pocket, he doesn't believe that the russians meddled is ludicrous. >> sean: sara carter especially from your perspective knowing brennan and klapper, here's information that's coming out that will be devastating to him. >> when you have members of the intelligence community particularly the former director of the cia john brennan going out against the president of the united states -- going out against his own nation, you have a very serious problem. the information that's going to be coming out on brennan is damaging. one of the biggest questions that we have is what was the role of the cia in this russia investigation? what role did brennan play? were other agencies involved? i think when you have someone like john brennan and you have an agency, a powerful agency like the cia whose edict is to go after foreign threats but instead looks into political discord and our political state here within the country and exists in that with the fbi, then we have something very frightening. >> sean: i raised all these questions. everything we've been discussing here, they help a favorite candidate then they set out to destroy a second candidate, then all of that information it's a bought and paid for dossier to lie to the american people kind of like pravda, kind of like propaganda. it's russia and lives all things, the media ignores all of that. we have new information today apparently lisa page is now contradicting peter strzok, i will start with you. >> that was the information i received today. her testimony appeared to be very credible, it appeared to contradict peter strzok's testimony, they will be reviewing that again. they are going to be taking a very close look at that. this is interesting because this was the interview that congress wanted all along. another important point, i think this is something that investigators particularly on capitol hill are looking at. it shows how far the fbi went, not only the fbi but other agencies within the u.s. government and coordinating either with the dossier as well as other information. anti-trump information and this is something they want to take a look at. they have 19 pages of the foreign intelligence surveillance act warrants that was taken out on carter page. this was the very last one. i have the 19 pages they want to make it public, they want the rest of the country to know what they are looking at -- >> sean: the president can't demand they be released? >> the president should demand the release of these documents. the american people have a right to see it. >> sean: greg will give you the last word tonight. >> lisa page said the text messages from strzok meant what they said. >> sean: wasn't he under oath? >> he was. that would mean if she's telling the truth and he is not, and they've perjured himself, he may use his office to clear hillary clinton for political reasons and launched the investigation to frame donald trump which would be obstruction of justice and abuse of power. >> sean: that the title of a new book -- finally it's here you can get your copy in bookstores everywhere starting monday. thank you both. when we come back you want to hear the great one marked levin, he's fired up about the media ad the most insane 24 hours we've ever seen. the great one mark levin is straight ahead, don't go anywhere if yor crohn's symptoms are holding you back, and your current treatment hasn't worked well enough, it may be time for a change. ask your doctor about entyvio, the only biologic developed and approved just for uc and crohn's. entyvio works at the site of inflammation in the gi tract and is clinically proven to help many patients achieve both symptom relief and remission. infusion and serious allergic reactions can happen during or after treatment. entyvio may increase risk of infection, which can be serious. pml, a rare, serious, potentially fatal brain infection caused by a virus may be possible. this condition has not been reported with entyvio. tell your doctor if you have an infection, experience frequent infections or have flu-like symptoms or sores. liver problems can occur with entyvio. if your uc or crohn's treatment isn't working for

for more, we turn to mark carpenter, who's live in napa. (mark) it's an annual it's an (mark)(mark) it's an annual tradition. raiders training camp up in napa... as jon gruden continues his 2nd stint with the silver and black. most of the players reported today, however, the bulk of the questions centered on someone wh is not here. all-pro defensive end khalil mack, who is holding out for a new contract. gruden...was quick to dismiss those reports that he and mack haven't even spoken to each other since grudenw as hired back in january. "is that dramatic really? i mean consider what's drama. i've talked with khalil. those guys aren't always 100 percent accurate. i talked to mack when i got the job. i just haven't had a lot to talk with him lately. not much to talk about right now. sorry.""i'm fully confident with where khalil is at. where our team is at and obviously we want him back, but again. i don't. i try not to step into that. he was over at the house the other day and we didn't talk about it one time. we played pool basketball and i du

mark. not the kind of freak who wears a suit of armor to a renaissance fair. nay, noth mark! markh freak. look at him, pureeing hot cherry peppers into fresh buttermilk with the fervor of a kid at the gates of an amusement park. yes, mark's a glorious kickin' ranch freak. and we totally love him for it. let the dippins beginins. freaky fresh. freaky fast. >>> well, good afternoon. >> the u.s. secretary of homeland security since last december. she's been front and center defending her boss's controversial immigration policy. >> are you intending to send a message? >> i find that offensive. no. because why would i ever create a policy that purposely does that? >> i met with her before these policies outraged the nation. when we met back in may, the trump's policy had just begun. >> what the strategy is you are part of a family. if you break the law, you will be incarcerated, just as adults are every day in this country. i would ask anybody that has a legitimate claim to asylum to please go to a port of entry. there is no need to break the law. >> there were over 130,000 people turn