thank you, marty schenker. thanks to kevin cirilli, chief washington correspondent, former white house counsel to president obama bob bauer and all of our previous guests, including l.a. hundred. -- elie honig. this is bloomberg. ♪ is is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. guy: i am guy johnson. this is the european close on "bloomberg markets." this is the picture we find with. clearly, we have been watching the developments out of washington over the last half hour. we have been looking at the oil market, algeria, brent four-year high today. euro-dollar is responding to comments from mario draghi earlier. , not as stocks lower much as they were out in asia overnight, in hong kong down 1.5%, reacting to the news that the chinese have withdrawn from trade talks over the weekend. take a look at sky. it has been a big day for 8.5%.olders, up down by at acquirer similar amount. keepingtrade tensions investors on edge. joining us to discuss all this botham, emerging market economist at schro

marty schenker is here to talk about this. that struck me about reading about excerpt was gary cohn taking a document off the president's desk in the office to keep him from signing schenker: an extraordinary way to govern. he was going to sign to advocate the trade agreement and gary cohn said no, you're not. and he took the document off the desk. trump disputes all the facts in the book. and we haven't heard from harry cohen. david w.: but we did hear from the president. he did tweak this -- he did tweet this. david w.: this is the first time trump has raised this possibility. schenker: trump is familiar with the courts. i think it is just rhetoric. one thing he has to be careful about is that there is a report this morning in axioms about woodward having hundreds of hours of tapes of everything from everybody he talks to for the book. so there may be perfect evidence of support of the facts in this book. of,: and speaking washington post has the conversation between woodward and kellyanne conway, talking about why didn't yo

david: thank you, marty schenker and gina martin adams. you can find all the charts we ,ust looked at at gtv browse recent features and save our charts. coming up, more on the u.s. china trade tensions with richard lacaille. that is coming up next. this is bloomberg. ♪ >> this is bloomberg daybreak. the world's largest beverage company may be getting into the cannabis checks business. according to bloomberg television, coca-cola is in talks with a canadian marijuana producer to develop cannabis drinks. coke says it is interested in drinks containing cbd. and the billionaire cofounder of salesforce.com has agreed to buy time magazine. he and his wife will pay $190 million in cash to meredith corporation's for the struggling publication. benioff is a critic of president trump, but says he will not be involved in editorial positions -- decisions at times. and the bid for a parsing it is too low. the china make an automaker will evaluate a potential buyers . kkr offer thus than the $7 billion minimum that fiat was looking for. david: than

vonnie: we would like to bring in to speak on this subject marty schenker.ou for joining us. this is obviously a development. is it as huge as it would have been a couple weeks ago? >> i think it was still very unexpected. there were lots of people within the gop who were urging the white house not to make any kind of moves that could potentially affect the midterms. i think rod rosenstein decided to get out in front of it. i think it cam

let's bring in marty schenker. where do we begin? 't know who this person is, that this lends credence to the idea that things are bit tense in the white house. marty: i was in the washington bureau during watergate and this is very reminiscent of the fast-moving more extraordinary events every day. you think you have seen it all and then you get something like this. there is clearly a conspiracy among senior officials, but in this case, it is a conspiracy of good where they are trying to restrain the president from his worst impulses. joe: to some extent there has to be fear that someday people are going to look back at this time and really point a finger at all of the people who worked for trump. i'm not saying that will happen, but some people might say that. between this and the woodwork, it seems people are trying to preemptively put a different spin on to how history looks at this. marty: clearly this op-ed is doing that. we inside bloomberg have often speculated what keep these -- keeps these officials there. jeff sessions is a

note speared it is time for the bloomberg first take third we're are joined by rachel evans and marty schenker. marty, the president has quite a schedule today. he has bilaterals with colombia and the secretary-general and security council. what do we really expect out of them at the yuan general assembly address? marty: we expect him to target iran and the nuclear program. last year he targeted north korea. he is now good friends with kim. now iran will take his full fury and you will go right after the nuclear program. fundamentally, do the markets care? rachel: the markets have been immune to most of the conversation on politics and trade. there was a pullback yesterday but on the whole have been robust. i will be interested to see whether the talk about iran spills over into europe and whether europe will continue trading with iran. that could be more interesting as it comes to reaction the market. european ministers came out so they were working on setting up and working with iran and find deals. it'll be interesting to see whether the u.s. reaction to that if trump adds it to the speech