matt miller is on the ground. matt, good to see you this morning.s is a big meeting for trump and put in. what can we expect there? that's the question that everyone is asking. how will this play out for president trump? howlett play out for president putin? will president trump confront president putin on allegations that he cyber attack or had russian hackers cyber attack the u.s. elections and now we are hearing reports of hearings of attacks of u.s. power plants as well. what will vladimir putin want from president trump? the two ci to eye on a couple things, notably, president trump held a speech in warsaw focusing on the western values as religion and family and less on democracy and freedom of speech. it will be interesting to see what comes out of this meeting to see how this meeting is held. i think that's what most people are interested -- even though it is not the most important meeting for geopolitical troubles right now. you have obviously got the problems of north korea, the problem with syria, you have a lot of other issues -- turkey,

this is the european open, i am matt miller.in the markets right now, the broader index here in europe. one of the reasons i hold this up is to see how it was doing. as far as the winners are concerned, the second biggest gainers among the stoxx 600 members. ams ag which is a pretty small technology solution company, 5 billion euros company, is the biggest winner. thyssenkrupp, a lot of industrial equipment. going to cut two and a half thousand jobs. they think it is going to save 400 million euros. that is one of the reasons you see the big stock here is a gainer. if i switch over to index points , hsbc and glencore are on top. astrazeneca are losers. astrazeneca, novartis, some of the big losers of the day. guy: let's talk about what is coming up next. it is an outlier in terms of story surrounding the central banks of the moment. it was for european assets could be one of the net results of this. what you may end up seeing is continuing to be a big funding currency. bureau benefiting. -- the euro benefiting. it's the story in

francine: thank you matt miller.now for the hour, we are welcomed -- we are pleased to welcome anne richards. we have xi jinping meeting the president and we have vladimir putin meeting the president and a lot of movement on bond prices. for the two related or is it still in the central banks? we are living in a time of turbulence. that is true politically and on the bond side. feel there is something in the movement of the stars that is giving angst to people. if you look at the broad sweep of markets over the last five years it is hard to notice. we focused on the micro but actually the macro is much smoother. when you look at bond markets in particular it is about central banks. they are immune relatively to what is going on in the geopolitical world right now. i think actually to an extent, you could say they have remarked -- they have the haber remarkably well. we've just had a major -- they have behaved well. i think it is about central banks. bond markets don't know what good looks like or what they want. do t

david: matt miller joining us from the g-20 summit.s up after reporting the company is working on sales, semiconductor company. 10% right now. let's get more perspective from general wesley clark, a former supreme allied commander. start with the cease-fire as we have learned about in syria. both saying that they are open to discussing more of these cease-fire zones. how biggest at this this? -- big a step is this? >> who have to see how it impacts the actors on the ground. if it helps detect jordan, that is a very good thing. a cover for other activities that are destabilizing, that is not so good. the devil is in the details and it has to be executed. the president reiterated something that he said before, that europe needs to do more. does he have a better grasp on the role of nato in the world now that he's been on the job five or six months? >> there is no way to know what is grasp is on nato. nations are stepping up and trying to increase because they invest in more modern technology to help behind the united states. i don't know

i am matt miller helping to report on the barrage of bank earnings we had.ations with their stock trading down. trading up.e is european stocks in general are down with the cac doing worse than the dax or the ftse. red air rose across the board. read arnot look like -- rows across the board. anna: the overall sentiment seems set up to be week. the overall -- seems set up to be weak. let us talk about the bank sector. the u.s. and european ranks -- the comparison is stark. the book value is much higher for u.s. banks. is there an opportunity in the sector and what have you learned today about what we should pay? chris wheeler is still with us. this chart shows the european bank discount. does this provide an opportunity? do we know enough about the strengths and the growth to calm for european banks? >> it is interesting. i switch a cross from barclays to credit suisse. 5% in the first half. in 2009, this bank was seen as a winner coming out of the crisis and now it is going backwards. i know a lot of work is eating done there. -- iong will it -- a lo know a

matt miller and guy johnson. matt: i am looking forward to it. up next, vote victory.passes in important labor reform bill. will it help embattled president keep his job. we will discuss this emerging market. it is bloomberg. ♪ ♪ welcome back to bloomberg markets, the european open. we're looking at gains across the board. 22 minutes into the session right now. let's get the business flash with sebastian salek. beastian: investment said to cut hundreds of staff on tuesday according to an unconfirmed report. last month, 1500 workers have opted to accept the buyout offer announced in february. the company that made a reputation of taking stocks has tried to adjust to a wave of investors preferring low cost over actively managed mutuals. an investigation into engineering company foster wheeler over bribery and corruption linked to third parties. the company said the investigation is not expected to impact its merger with john would group. in the laststimates quarter. given the this has ceo a boost as he seeks to benefit from a rebound in china while overhauling the compan

joining us now cannot live from hamburg germany is matt miller. done how much is typically in official g-20 spaces and how much is done in high laterals and behind-the-scenes talks? >> a lot of it is done in bilateral and behind-the-scenes talks that they then bring to the open meetings and put into the statement that they release. one of the interesting things about this year's statement in this could be one of the most turbulent meetings of global leaders we have seen in recent years is angela merkel will try to appease donald trump in one sense leaving out as often as possible the term climate change from the communique. on the other hand she is going to try and strengthen all of the other 19 members of the g-20's commitment to holding on to the paris climate accord in keeping and agreements to hold climate change from raising temperatures two degrees around the world. vonnie: you're watching live pictures of president donald trump arriving in the hotel. he is going to be meeting with chancellor angela merkel. a restricted meeting. kevin cirill

matt miller, you know how defenses work. your view of the shift from a denial or alibi posture, as i was talking to the congressman, the argument we didn't do it, to actually we were there, if we did it, it's no big gee. >> two arguments at work. one to use a watergate phrase, the previous statement was no longer operate fich they could no longer claim it didn't happen despite sean spicer's statement today. they couldn't say it didn't happen when e-mails were leased that show it did. so now they have to move to claim this behavior is acceptable. then there's a second thing happening, that the president is trying to condition the american people, if not all of them, condition his base, to believe that no matter what i did, even if i did the worst thing my opponents have said about me, something i denied going back to the campaign, that we were willing to include with the russian government that's acceptable behavior. i think it's a way what his son and son-in-law did, and something much worse to come out to say it's okay to a

joining us now is matt miller and david corn is back with us. and matt miller, as a spokesperson, you know what i mean when i say, pay no attention to the man in front of the curtain because the big substantive story here does not seem to be who is giving out the talking points but rather this is a white house that is moving towards the compliance and as the president himself seems to be "the new york times" interview and potentially other actions moving to undermine the action. your view? >> i think you're absolutely right. i think one of the things we've learned about this white house now six months into this administration is that you can't trust what the spokespeople come out and say from the podium. you have to look at what donald trump does and what donald trump says. he made very clear this week that the most important thing to him is stopping this investigation. he's angry at his attorney general because his attorney general recused himself, and the only reason you would be angry about that is if you somehow expected him, if he wasn't re

final day of the month, matt miller. -- whatl the spring will all this bring? en we were talking to the cfo of sanofi, up 6% for both of them, so fairly impressive. but if you look at the const string, you can do this with any equity and con p, you can see that with sanofi here on our it allutperformed by the cac tradable index, and the euronext health care index. the biggerforming, benchmark, and maybe that means nobody has more room to run. it is certainly indicated higher this morning. guy: we will watch heineken this morning as well. keep an eye on the metal stocks as well. we saw some fairly impressive gains in terms of copper overnight and iron or. the ftse 100 is opening up around .1%. as stock level, you may see some fireworks this morning. and index level, you may not. -- at the index level you may not. this morning, trading just a little softer this morning, and stoxx 600 going nowhere in a hurry. not exactly a writ-roaring start, there is an individual names to focus on. manus cranny, what have you got? as iron ore is moving, you saw the iron moving.

first, to you, matt miller, let's talk about the legal implications if any here. donald trump jr. is putting this e-mail chain out according to the new york times, about to publish them and said these were, by tweet this morning earlier, this was a nonsense meeting, the meeting with the kremlin connected lawyer who was offering this through the trump associate now, we see the e-mail, dirt on hillary clinton. what is the legal jeopardy for him? >> this is the digital equivalent of a smoking gun left at a crime scene. it is a violation of campaign finance law to solicit or accept a thing of value from a foreign national, bob bower can talk more about this. if you were ever to take this forward, a jury would look at the fact that you knew not only was it from a foreign national, but from a foreign national working on behalf of a foreign government trying to steer the election. that is potentially a crime. it also raises serious questions about the other potential crimes that happened, the hacking of the clinton e-mail, hacking of john podesta's e-mail, the dnc e-mail and whether the

matt miller will interview the man himself later this morning. what is going on at ficc? that is the rest are from the markets. 30 minutes into the trading day, this is how we are looking on the futures, little bit lower. there is a veritable feast of delivery from the corporate world. the question is how -- have we run an done on the european equities, the euro is rising. asked is erica did not the one of its big trials -- astrazeneca did not meet one of its big trials. bit -- a beat. stocks are a little bit lower. how do you look at the fed, was it bullish for exit -- for equities, was it bears for bonds? you have south korea higher but we want to focus in on that currency, on the currency moved -- currency moves that you see. also a little bit slower but this is where you want to focus on which is the dollar. the dollar is down by an eighth of 1%. it is the nuance in the language. the fomc says it all in terms of what janet yellen is focused on. fomc give the dollar bulls a holiday? is matt miller in the house, that is the question i ask myself every day. are we there,

this is bloomberg. ♪ ♪ welcome back, i am a matt miller. julius -- juliette?tte: they've agreed among themselves to install a quick and that was inadequate to do the job. the statement came in response to claims that it formed a cartel to hold down the prices of crucial technology. the first attempt at damage control since the european commission said it was investigating accusations of illegal collusion. plein air has reported a 55% gain in first for profit -- ryanair has reported 55% gain in the first profits. beating estimates, the biggest low cost airline say that pricing will be competitive for the remainder of the fiscal year. morgane bank and j.p. have agreed to pay $148 million to resolve claims they conspired to manipulative the benchmarks range. they said they will cooperate with investors. funds, andl master the california state retirement through 21 banks and three brokerage firms. accusing them of many plaguing 2011 -- from 2006 7 2006-2011. largeststment is the ever venture fundraising for a tech company in the region. $500 million is expected fr

. >> richard painter chief white house ethics lawyers as well as matt miller a form aide to attorneyeneral holder. s richard his work his job and the significance of in departure. >> he is an excellent ethics lawyers i worked with him closely when i was the ethics lawyer for president bush appear and he is very effective, understands the ethics laws, he is not partisan at all. and it's really too bad to lose him. i'm surprised he lasted as long as he did. he served six months of this administration. i think he deserves six months of combat pay. it's been a very, very difficult six months. i've been a republican for 30 years. i served in the bush administration. i've seen a lot of administrations come and go in washington. and there is a whole new titide in time around toward personal conflicts of interest and also toward the freedom of the press and other fundamental values we hold deer in this country. when you have the president just this week threatening to derail the att -- dsh the time warner deal because he doesn't like the presses knch o kwonch from krn krn that is exactly the

matt miller. matt: there is a lot that's going to happen today. you mentioned the cpi data.in thert 70 63, u.s. 's is european banks and white. they have slightly outperformed the european banks. that could change. guy: net interest margins. that's what you need to be looking at. in red, but only just. similar story in most of the other markets, as well. the individual stocks are much more interesting. today, what the asset managers as matt says, watch banks today, as well. what did trading income actually look like? there was a read in the u.s.. what else do we need to be watching? manus: janet yellen is one of the highest powerhouses in the market for emerging markets, autos are at a 10 year high in europe, so we are still up there with omentum drifting back a little bit. just trimmed back to a growth rate of 2.1% or 1.54%. you have a robust situation. we had a competition -- conversation with hayes and ceo. beautiful was the line he used. he was talking about momentum in that economy. here in the u k, he has seen the drop from brexit but a flat level and nobody is investi

for more on what is weighing on ubs let's get to matt miller.ean that investors are going to see less money return to them or not? thehat might be one of nuances and one of the reasons that investors sold shares of ubs. the capital ratio was 13.5%. investors have been waiting to hear more about whether or not he plans to raise the dividend or by back tears. the shares have run up over the past week or so. maybe it is a bit of a disappointment with the capital ratio. on the other hand, we learned something different -- interesting from credit suisse and barclays. listen to what he had to say about private wealth clients engaging. family offices have been catching up in the second quarter compared to the first quarter. across the border if you look at our aipac business and elsewhere in europe, use a pick up in transaction volumes in general in all kinds of activities related to deploying cash in a more constructive way. >> that is interesting because yesterday we heard from deutsche bank that client activity was muted. but those banks are talking

again, it sounds to a prosecutor like a conspiracy. >> matt miller, paul butler. gentlemen, thank you very much. >> thank you. >> and we are awaiting an off camera briefing from the white house set to begin at the top of the hour. but next i'll be joined by former advisers from the trump and clinton campaigns to get an insiders take on all these headlines about don junior. there's nothing more important to me than my vacation. so when i need to book a hotel room, i want someone that makes it easy. booking.com gets it. and with their price match, i know i'm getting the best price every time. visit booking.com. booking.yeah! tech: when you schedule with safelite autoglass, you get time for more life. this family wanted to keep the game going. son: hey mom, one more game? tech: with safelite, you get a text when we're on our way. you can see exactly when we'll arrive. mom: sure. bring it! tech: i'm micah with safelite. mom: thanks for coming, it's right over here. tech: giving you a few more minutes for what matters most. take care! family: bye! kids singing: safelit

. >> matt miller is with us in washington. forgive us for whipping around.nominee, 50-year-old christopher wray. kind of grainy pictures there as we are trying to get a live signal out of a well protected hallway on the senate side of the u.s. capitol. again, note the photographers waiting for the entrance and when mr. wray walks in the room, we will notice from them. matt miller, former spokesman over at the justice department and someone we call on when the subject turns to all things justice. matt, your preview. >> so i think obviously chris wray will be the person in the witness chair but jim comey will be the ghost hovering over many of the questions he's asked. as jeremy noted, i think there will be questions about christopher wray's interview with the president and what the president said to him either in asking for a loyalty pledge or asking how he'll handle the russia investigation and how christopher wray responded. and then there will also be questions about the level of independence he'll have going forward. i think this is important not just bec

i am matt miller in berlin alongside manus cranny.es into the trading day this tuesday morning, and here is how things are shaping up. equities are holding off nicely strong. the stoxx 600 up .25% this as the federal reserve begins the two day meeting. will they talk about balance sheet reduction? keep an eye on those auto stocks. let us get to juliette saly with your business flash. juliette: manus, alphabet shares fell. the company's costs are rising as they expand the advertising businesses. the company reported sales minus partner payouts. that was in line with analyst consensus forecast, but below more bullish expectations. profit was hammered by a record antitrust fine from the european union. michael coors has agreed to buy a jimmy choo for 896 million pounds, clinching the stilettos. the companies have approved the deal that will see the handbag brand pay for the luxury shoemaker. akzonobel has reported second-quarter profit that theed analyst estimates as newly appointed ceo seeks to convince shareholders that targets set by

lovely day in berlin, matt miller not there, though. the open is next.is bloomberg. ♪ ♪ the natural and for legislation is in february, 2010. therefore the foreseeable date would be between the month of february and early spring. democracy, there may be conditions for early elections, but for the time being, we do not have such isgle and therefore it likely for legislation to expire naturally. guy: that was the italian resident talking dates for an election in italy. more from that interview later on in the program. important stuff, the market paying attention to italy. let's take a look at what we are watching in the stocks. as we mentioned, total expected to sign its deal with iran on gas production area keep an eye on that stock. could be one to watch out for. not without risk what they are doing in iran. the other one to mention is, the disposing ofis assets to make another asset with the u.s. authorities work. million selling for 875 dollars, considered to be a natural interest. that's danone stock. getting just a little bit, up 2.94%, but the year

matt miller, as someone who knows how lawyers are advising counsel, we know are being told bloomberg a report that a very well known washington lawyer ty cobb is going to be representing the president in addition and exert discipline on tweet storms and the like. the other thing is, whether or not don jr. was disclosing everything to his lawyer when he did disclose and posted those -- that e-mail chain, saying he was being completely transparent and clearly was not. >> yeah, i think hiring ty cobb is a good development for the president. he's added a senior white collar criminal attorney with him. i've worked with him before. he's the type of person who has represented people in high profile political cases in washington and will know how to manage this case. will know what kind of advice to give the president. whether he takes it or not is an entirely different question. with respect to don jr., bob mueller has someone he can subpoena. before now we knew there were three people in the meeting, all who were members of his family and a russian citizen. we have someone who can offer an

matt miller is in hamburg. matt, if i can start with you, what is the most that trump can expect to get out of the meeting, given both his domestic audience and international audience? uh, i think the most you can expect to get out of this is a positive meeting, given the international audience. he is unlikely to confront president putin with allegations of hacking, most recently into the power stations in the u.s., but of course in the 2016 elections. the two of them will probably focus on a push to fight terrorism together, although they have recently clashed in areas like syria. donald trump has to show he can be hard on upholding the minsk agreement and confront president putin certainly on the actions we have seen in crimea. vonnie: i want to bring in henry meyer in moscow, how much will putin be able to get out of donald trump when it comes to a strategy in syria or the potential for sanctions to be diminished? henry: i think that russians have been encouraged by the comments made by rex tillerson on his w

and matt miller will host the boston fireworks spectacular live from the historic esplanade.thing you want to set your clocks for. this is bloomberg. ♪ anna: live from london, i am anna edwards. this is bloomberg markets. time for emma chandra with the bloomberg business flash. the biggest business stories in the news right now. >> hsbc has contacted former american international group chief peter hancock about becoming the banks next ceo. that is according to persons familiar with the matter. hsbc is still considering other candidates. their current leader is retiring next year. the u.k. payment processing company worldpay took a luminary -- luminary approaches from j.p. morgan. j.p. morgan has until august 3 to say whether they will did on world trade. is expanding in islands, planning 120 stores by 2020, bringing the stores to 3000. that would create 5000 jobs. at is your bloomberg business flash. anna: thank you very much. after months of talk, formal approval from the eu to receive a 5.4 billion euro capital injection from the italian government. joining us to talk about

vonnie: that was deutsche bank's ceo john cryan, speaking with matt miller in germany.haring game is in town. a shuttle service is expanding to new york city. trying to fix the city's traffic congestion, next. this is bloomberg. ♪ ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. time for our stock of the hour, a tale of two stories of social media companies. facebook is up 4% having if they -- having is best day in over a year. twitter having its worst day of the year. here is abigail doolittle. what is going on? abigail: twitter is having its worst the of the year actually -- of the year after they beat earnings. you would think that would be really positive. daily active users up 12% year-over-year, but the big thing investors are focusing on our monthly active users, which are flat quarter over quarter. with paul sweeney, and he said this is a question of what this company is trying to sell, engagement, the idea that the twitter users are not engage in a platform. facebook has 2 billion users. 320 8 million users, so a pretty big difference there. it is a mat

mark: matt miller speaking to the ubs chief executive. bloomberg. ♪ mark: live from london and new down this is the european for the third day. oil and gas and other industry groups declining. squeeze three into one chart today coul. ubs shares are down. the bank reported a decline. credit suisse reporting an increase in second-quarter profit decline. bnp paribas still showing it is possible to build and investment banking franchise here in europe. it is outshining deutsche bank and wall street for yet another quarter, posting a standout performance and equity derivatives to help drive that is unexpected earnings. bmp, credit suisse, and ubs in the last year in order. the laggard up by 27%. the was another lender that reported earnings to spain's workingbank after its purchase last month. inular has seen a rebound profits since the takeover since santander. that upsets losses from bad assets . deposits rising by 5 billion euros since that purchase and july 20. little changed today, but spain's economy is on a bit of a roll. it's expanding

chiefthe deutsche bank executive speaking to matt miller earlier today.une into bloomberg television tomorrow, big day. we will bring you interviews with the top post of banking executives, the chief executives of ubs, credit suisse, berkeley. -- barclays. this is bloomberg. ♪ mark: stoxx 600 down by 1/5 of when presented a great 85 members of the european benchmark reporting earnings today. mark: live from london and new york, this is the european stocks finishing the day in european trading, european companies worth more than $3 trillion reported earnings, 85 companies on the stoxx 600 which fell for the second day in four, down by 1/5 of 1%. let's start with deutsche bank, 6.6% lower, biggest drop since 10% drop inted a second-quarter revenue than missed estimates. earnings reorganized investment banks, 16%, trading transaction banking income fell. the bank cautioned that revenues of its operating businesses will drop. followingme trading 12%, revenue from expertise trading down. net income did bea estimates. -- beat estimaes. shares down by 6% today.

let's go to matt miller.i would think, maybe it's just the lawyer in me or at least a warning to robert mueller. that if you cross certain lines and if you actually find something that might be illegal that i've done in the past, and you cross a red line and follow that, then you've crossed a red line, and there seems to be some sort of warning there. i'm not saying that's obstruction of justice, but what exactly is that? and how do you -- how do you process what the president said about the special counsel? >> i think you're right. i think it's very much a warning to bob mueller. it's a little strange to basically threaten to obstruct justice in the pages of the new york times. not a lot of people would do that in the open. and i think you have to interpret it as the president is testing the limits. he's testing what he'll be able to get away with. this is basically a challenge to congress. i've said openly now on the record if bob mueller looks into my finances, i may get rid of him. is congress going to le

matt miller, thank you. continue to watch bloomberg and angela merkel.ull speech on the bloomberg tv . this is bloomberg. ♪ speakingela merkel is in hamburg at the g-20, addressing reporters. she is tiptoeing around those contentious issues of free trade and climate. saysays most of the g-20 the world needs free but fair trade and she also says most of the g-20 agree to back the paris climate accord. she says g-20 language is difficult, the diplomats are finding it hard to get that language. this is bloomberg. ♪ mark: live from london and new york, this is the european close. stocks finishing the friday session lower but the stoxx 600 have to fall over .28 percent to register a fifth weekly decline. it is down by roughly 1/5 of 1%. if it falls for five weeks, something that hasn't been done since june 2013, but it looks like it will perform a little better than a decline of .28 percent. investors watching the fact that bond yields are heading higher. alking to richard jones in second. data out of the u.k. u.k. factories and construction firms unexpec

along with matt miller, former chief spokesman for the justice department. phil,ly sta i will start with y. the president was not seated by vladimir putin, he had to get up and walk over to vladimir putin. the optics of that, explain why some might see that as problematic. >> it is was clearest example that we have of the fascination that trump has with putin. we saw it in the campaign. he spoke about him in a different way than he did other world leaders and here they are meeting face to face for the first time. he got up from his seat to go sit and talk to putin for an hour. according to the other world leaders that witnessed this, they were befuddled. they found it very interesting, it was very animated. there was no other u.s. official there to participate in the conversation or bear witness to what was said. the only account that we have is donald trump's. >> he seems to be gesturing over to vladimir putin. like we should talk, but phil rucker, the fact that the russian translator was the only one there, no white house aides, could that have been presid

matt miller in hamburg at the g-20. this is what we're watching. bonds being bashed. investors heading for the exit. number lead payroll to more selling? g-20 kicks off. please use a water can against protesters. today's main event is trump face-to-face with vladimir putin. dozenty in at least a u.s. power plant has been breached. the chief suspect, russia. matt, welcome back. matt 30 minutes to go until the open of the cash trade on equity indexes. if you look at their futures right now, you see a little bit of a mixed picture after a slide for the cash trade. futures popping positive for germany and france. still negative for the ftse in london. it will be interesting to see, but as you say, the focus is really going to be on the fixed income trade as though yields continue to sort. german yields went from zero spot for two zero spot six fast. interesting to see how it is happening across europe and in the u.s. the moves have been aggressive. the european open has not been the greatest gauge to investor sentiment over the next few days -- over the last few days. the

there to cover it is bloomberg colleague matt miller. started off with a statement saying let's not paper over whatever rifts there are. are they being papered over? matt: she is saying that officially, but the three main issues on the top of her agenda are trade, climate change, and immigration. these are three issues with which she disagrees completely with the stance of the u.s. administration and donald trump. it is important to point out angela merkel receives real bonus points from her electorate , and she has an election coming up in september, the more she opposes donald trump, the more she comes the antithesis to what donald trump is. david: when we had the g-7, in italy, some people described it as the g-6+1. g-19+1, whoomes the benefits from that? matt: really, no one wants that to happen, with the exception of the kind of positive visuals they will get for their electorate, they are not helped by having the u.s. pull out of the paris climate accord and the global free trade situation. european leaders especially want the u.s.

joining us now, chief legal correspondent, ari melber and matt miller who served as justice department spokesperson under eric holder and now security alyst and michael mcfaul who served during the obama administration. i'm going to let matt go first because he's a psychic. he predicted that jim comey would have memos. last week he wrote for politico magazine that he predicted president trump may seek revenge on the department of justice and alas here we are. matt miller, jeff sessions appeared in the past hour at the justice department news conference announcing a major cyber crime bust along with deputy attorney general rod rossenstein, two gentlemen who he blasted in the "new york times" interview and i want to share how they responded. >> we in this department of justice will continue every single day to work hard to serve the national interest and we wholeheartedly join in the priorities of president trump. he gave us several directives. one is to dismantle internet trans national criminal organizations that's what we're announcing today, the dismantling of the largest dark websit

matt miller and david corn, thank you so much. >> thank you. >>> coming up next, jared kushner revising government disclosure form, this time about finances. and the president does not want robert mueller looking into the business dealings, but the president doesn't actually have a choice on it. that's next. ♪ ♪ award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. this july visit your local volvo dealer to receive sommar savings of up to $4,500. this july visit your local volvo dealer i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. if you have moderate to severe rheumatoid arthritis like me, and you're talking to your rheumatologist about a medication... ...this is humira. th

bloomberg's matt miller. put it at future what they were talking about, that breaks down the revenue streams acted deutsche bank. equity sales down 28. digital generation down 24. the advisory unit is up by almost 100%. isn't this a deutsche bank issue or for the broader european banks? joining us to talk about it is "bloomberg daybreak from jake -- mislav matejka from jpmorgan. answer the question, deutsche bank or european banking issue we have to focus on? mislav matejka: our review is banks will do well. if you think about the environment, the curve steepening and it is peaking and we think the banks will perform well into the rising bond yields. the focus is on the domestic leverage banks. deutsche bank is really focused on germany. will germany get enough of a foundation to take advantage of whatever improvements there is an economy overall? mislav matejka: germany, it is a all-time record highs. the economy is doing extremely well. banks, thatfor the is not the key issue. they key issue is the net mark

let's bring in van new kirk a writer for the atlantic monthly matt miller and nbc news justice and security analyst. he also served as chief spokeman at the department of justice. baurn ray mckwad is a former u.s. attorney for the eastern district of michigan. let's start with you if we can here van. as we look at the latest developments in terms of who and what was discussed, what will be the implications moving forward for the investigations given that ifs in just the tip of the iceberg that tip is getting bigger. >> right spo i think the next couple weeks is where we see how much of a nothing purger or not a nothing burger this is. there are a couple of of things in play here. one is what the lines of inquiry by the mueller investigation and the congressional investigations are. and then we're going to think about sort of exactly what the motives of the russian government lawyer and the former soviet counterintelligence official who were in the meeting -- and lobbyist, what they were going after. now it opens up donald trump jr. as a person of interest in the larger russia investigation.

matt miller not there. looks like a lovely day. berlin continues to try out.berg. ♪ ♪ guy: the escalating, north korea fired a ballistic missile. claims it cant hit anywhere in the world. the president of the u.s. says china should end this nonsense. howell he respond -- how will he respond at the summit? is the central bank done for the rest of 2017? neutral, the central bank is announcing its policy decision as we speak, leaving rates unchanged. minas 0.5%. it is the outlook on inflation that will be interesting from the riksbank on what it has to say. krone does not appreciate is trading down on the back of this decision. this is the "european open." riksbank has left things where they were. it is concerned the currency doesn't appreciate, that is the view of many central banks at the moment. when we hadn't heard earlier on from the rba. euro gaining a little traction against the krone as we can see. -- that moveesting , before the announcement came out. you can see it on the screens before that announcement face. riksbank says continuing into expansionary

we will go straight to hamburg and the matt miller. what are you hearing? what i am hearing, or what i heard ahead of the meeting, was the two leaders had real admiration for each other. those were not as pleasant words. putin referred to donald trump as his excellency, where as president trump said it was an honor to be speaking with president putin. both said they expected a meetingsoutcome to the and they were only expected to meet for about 30 minutes, but it stretched far be on the two-hour length. they must've had a lot to talk about. remember, this was a small meeting. it was donald trump with rex tillerson and a vladimir putin with a sergey lavrov. the four of them and their translators in the room. vonnie: yes, and we are hearing as well from the ap that there could be some kind of deal reached on syria, with a cease-fire, which we should mention is already in existence of by the u.s. was not party to any agreement up to now. that would not be necessarily donald trump and putin, it could also be the sectors of state, right -- secretaries of state,

joining us editor nick johnston and matt miller who served as justice department spokesman under attorney general eric holder. he's new an msnbc justice and security analyst. >> i'm going first. >> go ahead. >> why? why would the president today, american heroes today, a day jared is being questioned, a day health care is on the table launch yet another veiled attack on his own attorney general jeff sessions, why? >> we've known for a long time he's not been happy about jeff sessions recusing himself from the russia investigation, not taking a more combative role. my good friend reporting the story out this morning president tweeted, called attorney general beleaguered. he's very unhappy. we've known this a lg time. another opportunity and name he's floating to replace. >> let's be clear. the president is the boss of the attorney general. the president can actually fire the attorney general or replace him or do whatever he has to say. i spent some time this morning trying to think about the ways you can refer to somebody being beleaguered in a supportive way, i can't see how it fits in. i

alix steel, carol massar, and matt miller cohosting the boston pops fireworks. boston's historic esplanade for you -- esplanade. juliette saly is standing by. juliette: thank you. banco santander has a month to espanol and banco it expects to report a profit of its .2 billion euros. the price of its 7 billion euro capital raising, selling shares at 485 euros each. executives had told a london court that they will plead not guilty to charges they conspired to commit fraud over a 2008 hundred with qatar. -- fundraiser with qatar. to loansrelates barclays made available to qatar the in a deal that raised 12 billion pounds. the only liquidation of to lenders and progress to recapitalize monte paschi was a turning point for the country's financial sector. also discussing consolidation. >> by the end of this year my we probably end up with less than 140 banks or banking groups active in italy. and the consolidation of the sector is already in place. exclude additional consolidation. consolidation at the european level could he welcome. -- he welcome. juliette: that is

matt miller and david corn, thank you so much. >> thank you. >>> coming up next, jared kushner revising yet another government disclosure form, this time about finances. and the president does not want robert mueller looking into the business dealings, but the president doesn't actually have a choice on it. that's next. choicehotels.com. badda book. badda boom. that's it? he means book direct at choicehotels.com for the lowest price on our rooms guaranteed. plus earn free nights and instant rewards at check-in. yeah. like i said. book now at choicehotels.com i'm karen, i'm a teacher.olfer. my psoriatic arthritis caused joint pain. just like my moderate to severe rheumatoid arthritis. and i was worried about joint damage. my doctor said joint pain from ra can be a sign of existing joint damage that could only get worse. he prescribed enbrel to help relieve pain and help stop further damage. enbrel may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reacti

matt miller, sformer chief spokesman for the department of justice, sara horowitz, national reporterington post" who covers the justice department, and nick ackerman is here, former assistant special watergate prosecutor and a partner at dorsey and whitney. good to have all of you. sir, you co-wrote this article about the president possibly replacing his a.g. and leaving sessions, quote, twisting in the wind. what's going on here? >> you know, it's just an extraordinary spectacle playing out in washington today. i was just over at the justice department and the spokeswoman there says it's by as usual. but it hardly feels like that. the president again tweeted out today comments ass you said disparaging his attorney general. his attorney general at least up to now has said he loves his job and wants to stay so, how long can he survive, we don't know. >> what else is the attorney general going to say publicly, though, right? i mean -- >> right. but it's so interesting because of all the cabinet heads jeff sessions is one that is moving forward the fastest and doing the most. to advance

matt miller off this week. what are we watching? round two in brussels. davis and borneo going toe to tell. -- toe-to-toe. domestic demand drives pickup, beating expectations. carolyn mccall this embarks and is now set for itv. excuse the ponds. a brexit-driven advertising slowdown. istainly a challenge she stepping into. let us talk about where we stands in terms of expectations this morning and show you the weei. not much progress being expected. we are getting into the thick of earnings. there is not much on day-to-day, but as we work our way, we have the ecb and boj on later on this week. japan is closed today. be aware of that. it has been closed. let us move on and show you what is happening around the world with the gmm. this is the picture around the world. the big caps came under pressure today. that is interesting. the data out of japan, out of china. expectations,eat matched what we had this time around. as a result of which, it generally, there seems to be a sense of optimism this morning. excuse the cricketing story in asia this morning. the

. >>> matt miller. former chief spokesman and now an nbc analyst. what is jeff sessions to do? now that he has been publicly undermined by the president. if he survives it seems like he is a super virus. like he's almost immune from further attacks. >> there is an opportunity for jeff sessions here. whether you agree with his policies or not, and i disagree with most of them -- one thing he preached as a member of the senate judiciary committee for years is that senior justice department officials needed to be independent from the president. honestly he kind of failed that test for himself when he signed off on the comey firing. now, with the pressure trump is putting on him, he could come out, make a public statement and say, mr. president, i am sorry you're disappointed in me. but i swore an oath to the constitution. i promised to uphold the rule of law. doj rules required me to recuse myself. that's why i did it. furthermore, doj decides alone free from political interference who we investigate, prosecute and who we don't investigate. as long as i'm attorney general, that's

matt miller has wrapped up an interview the ceo and here is what he had to say about the results.e had strong money for the first half of the year and usually in the u.s. we see some outflows in the second quarter for our clients come up paying taxes out of their asses and there is a big component for that. we have growth in our international businesses of 6.6% on a very high base and this in construct with the fact we have been reducing client advisory accounts. demonstrating weaken grow -- demonstrating we can grow, focusing on quality not quantity. are on know cost cuts track for 2017, 1 .8 lean francs of cost cuts, net cost savings. the 2.1 billion looks achievable. do you think you can over should that? -- overshoot that? >> i think we are confident we can achieve our target, but it is not an easy journey. we are talking about a net cost savings target, so we are absorbing a huge amount of cost coming in from a regulatory changes and technology investment that we need to do to keep our competitive edition. in order to offset that, we need to work hard on the actual cost-based

joining us live is matt miller, and from washington is kevin cirilli. , let me start with you because as we have monitored these protests taking place on the streets of hamburg, i understand that things have turned violent and police are using water cannons and pepper spray. a lot of emotions there as tens of thousands of demonstrators protest on the street. compare and contrast the emotion on the streets with what we saw between donald and angela merkel when they met today? it certainly was not quite as violent. mr. trump and mrs. merkel meeting today. these protesters are set to destroy things, and i think you have to understand german culture of protest and the anti-globalization protesters throughout the last decade to get it. use -- they intend to smash store windows and light cars a fire, but the interior minister said at about -- that about a thousand of these protesters -- 8000 of these protesters are intent on committing violent acts year. the police have been out in the streets now arresting people by the thousands. a lot of the anarchists, and

alongside matt miller in berlin. what are we watching this thursday morning? an american in paris. trump meets macron in the french capital ahead of bastille day. will there be fireworks? the greenback extends its slide as stocks and bonds rally after janet yellen signals they will not rush to raise rates. is the market going to be right once again? a corruption conviction for brazilian president lula sentenced to a decade in prison. he can appeal. what does it mean for the economic reform program in brazil? matt: we are less than an hour away from the start of european equities trading. very interesting to watch today because for you see the futures futuresuro stocks 50 unchanged. that was the biggest gain since april 24 and globally, stocks have risen once again to an all-time high. bulls are faring well in this market. take a look at the bunds. yesterday we had a big jump in bund yields. still finishing higher on the day. now we are just about even right now. trading at 0.582. trades not as exciting, a reversal we have seen in the last couple of days. yesterday and germany, not

matt miller has the latest. : standing here in hamburg meeting.0 there are protests on the streets, thousands and thousands being pushed back by police with water cannons. however, all eyes are on the meeting between the biggest leaders, including u.s. president donald trump and russian president vladimir putin. we will be looking to see what comes out of that meeting. other important bilateral's will happen, including president trump meeting with chinese president xi and trying to diffuse the situation in north korea. president erdogan is here and wants to speak at his own demonstrations on the sidelines of the g20 summit. however, germany has forbidden him from doing that. he says if germany holds them back from that, they will be committing suicide. the europeanime, parliament has agreed to freeze the application of turkey to the e.u. there are a lot of geopolitical tensions simmering here as this group tries to work together to changeings like climate and to promote trade and deal with immigration. so many is

where our own alix steel and matt miller will cohost the boston pops spectacular live from the esplanadeoomberg. ♪ ♪ >> this is bloomberg a break. i'm emma chandra. this is a hewlett-packard enterprise green room. to the bloomberg business flash. sales higher than expected last after a five-month streak of industry decline. auto sales in the u.s. have been falling every month this year. the pace usually picks up in the second half of the year. elon musk says a new tesla model three passes all regulatory requirements weeks early. tesla'sl three will be cheapest vehicle and the base price will be around $35,000. deal a milestone energy for iran. they have signed a deal of china national petroleum to develop its share of the biggest national gas field. that is your bloomberg business flash. jonathan: emma, thank you. let's get up to speed on the markets. the shortened holiday week in the united states. futures up 4/10 of 1% on the dow. a quarter on the s&p 500. as we crossed over the halfway line in 2017 some positive surprises. one of them was not u.s. equities. the benchmark s&p 500 over