the panel and matt miller are still here. alicia?out election integrity, we focus on the apparatus. that's for something reason because we know in 2016 russian hackers were able to get into voting files to tinker with them and delete some voters. this is a very sobering reminder that it's not just about our aging equipment of voting, it's not just about auditing equipment, there are many ways to infuse chaos and noise into the system. this is just the beginning of what many experts anticipate to be a much bigger trend. >> rev, why can't democrats bring some republicans into the cause of protecting elections from the russians? >> i think that that is a very, very good question. i mean you would think that the real patriots that the republicans claim to be would be outraged. we're talking about a presidential election, we're talking about now senators, we're talking about this is the first time the president called his people together to really have this kind of meeting, to really discuss the russian interference in the election, and n

matt miller in berlin. matt: futures point to a negative open in europe. the cash trade is less than 30 minutes away. ♪ guy: the boj back in the market here in kuroda makes it clear once again that he is in charge of long-term rates. will the bank signal a shift in policy tomorrow? mark carney tells bloomberg or that he spends half of his time on preparations for brexit. -- his analyze his clues words for clues on a possible rate hike this week. heineken turns around. the brazilian beer business growing much faster than expected. the stock is sharply down this morning. we will speak to its cfo in the next 15 minutes. matt: looks like a profit warning. investors don't like that. let's look at what futures are showing. we see red arrows across the board. the fluency and the dax down. down. ftse and dax this is the treasury yields over the last three days. the band is so tight. there isn't much movement. if you look across the board at currencies, at oil and commodities, at rates, you just don't see a lot of movement in a week that will be so packed with impo

matt miller and gene robinson are still it was. i want to get your expert view of what we have here, what this new york times breaking report today adds to our understanding of the president's use and misuse of information. the way the president has denied and lied constantly to the public saying it could have been the russians. it could have been someone else. he even said that today. >> lawrence, this significantly changes the equation. and now it is a new lens through which we have to look at all of the conduct and behavior of the president. so every time he came out publically and blamed the fbi for not doing anything, president obama for knowing about this and not doing anything, the utter disdain that he holds the u.s. intelligence community, the fbi in, it is because they knew his secret. they told him the secret. and he was covering it up. let me -- just bare with me. someone who assists another -- another being putin or the russian federation -- who has committed a felony. after the person has committed the felony, with kn

we are getting details from our ken delany who's joining me now and clint watts is with me and matt miller is an msnbc analyst and gregg broward. ken, let's start with the conspiracy here. it is outlined in three parts. these hackers here try to hack those systems and computers. that's the first part. the second is to steal information and e-mails and documents and the third as i understand it was to disseminate what they have taken. walk us through the indictment and the conspiracy part, ken. >> this indictment is significant on a number of level. the fact that it -- that's a step that's rarely taken by the united states. we do our own intelligence gathering and we don't want our own officer to be charged. the russians crossed the line. they are charged against the russia intelligence. we know the broad zrostroke for some time because it was detailed and a lot of newsroom reporting. the russian gru is hacked. both the democratic committee and john podesta scooped up thousands of e-mails and desimildi similar nated them. those are russian intelligence officers posing as us. they moved into

matt miller, one of the things mitch mcconnell was probably concerned about was revisiting something that judge kavanaugh got in some trouble with in his last confirmation hearing and that was the questions by dick durbin about what did he know about possible torture and the authorization of torture within the white house. rachel did a look at this in her last hour and the idea that dick durbin on the judiciary committee gets another chance with this nominee under oath to go after that after being highly dissatisfied with what he heard from him in his previous confirmation hearing, that's the kind of risk that mitch mcconnell is concerned about. >> absolutely right. after that confirmation hearing dick durbin later sent him i letter asking to clarify his position after there were reports about what he might have known and he never got a response. so he's going to now have a chance to get that response under oath in front of the entire country. i think the reason this is so important and the reason it's so important that democrats do insist on all of those documents being turned over

here with us onset, white house reporter for the ap, jonathan lavere and matt miller. elise jordan also. ken, i understand you were there for the opening statements. detail how the pressure is bearing down on paul manafort to do what "the new york times" describes, maybe get squeezed and become someone who could be more useful to robert mueller. >> it really is. as i left the courtroom just now, the defense was deep into its opening statement. the prosecution had finished their opening statement. look, this is a dry case about tax evasion and bank fraud. but hanging over it is this enormous pressure that you can almost feel on paul manafort. he must be spending millions on this case. he has a team of defense lawyers. he's wearing a suit to court, but he's going sleep in jail in a green jump suit. he's facing 10 years in this case, another 15 in d.c. the government said that they had two dozen witnesses, and 100 documents, and they're -- they essentially portrayed a story of greed and lies. they say that paul manafort reaped some $60 million for his work for this ukrain

and matt miller is back with us. robert, you write about this today.e us through your reporting. you've been updating your reporting all day. take us through where things stand. >> a couple things to pay attention to. the former kennedy clerks, they are certainly high on the list, along with judge barrett from indiana, who is very popular with social conservatives. but it's the debate over cavanaugh that i'm paying attention to in my reporting. some conservatives are scrutinizing his rulings on health care and abortion, wondering if he's conservative much. cavanaugh is liked by white house counsel don mcgann. where cavanaugh goes in this process is the important thing to watch. >> brett cavanaugh is a former white house colleague of mine. he's one of the most intelligent people i've worked with and he's incredibly decent. i don't know if that counts for or against you with this president. i think that today there was an effort by white house officials to make sure -- that might hurt his chances. >> that's the important point, because the belief we've b

commercial aircraft matt miller,. tt: i want to show you some live pictures of helsinki, where president trump is going to meet with president putin of russia later on. they will have a 90 minute meeting. we have an recorder and there on the ground to report live from helsinki. battle of the charts. nejra is going to play maria. this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european omen. it's time -- this is the european open. it's time for the battle of the charts. here's nejra cehic. nejra: dollar-yen trading at a six-year high and if you are asking yourself why this is happening, and where dollar-yen goes from here, the mliv log provides an interesting answer. he points out it's not about yet we this, it's about dollar strength. even though you see it weaken about 5% its march, the exchange rate is only down 1%. what he says his funds have been rotating adam e.m. equities into u.s. equities. the blue line is showing u.s. equities against the yen emerging markets index. as they have in ma

i'm joined by a federal former prosecutor and matt miller, a former spokesperson at the doj under eric holder. matt, any one of these things may be over interpreted. altogether, what do you think? >> it certainly looks like michael cohen is working towards cooper cooperating. one of the things about people involved in these investigation, if you have ever known anyone caught up in this investigation is that there is a distancing that has to take place. first there is a very real practical distancing where subjects of investigations aren't allowed to talk to each other any more. their lawyers tell them to talk through attorneys, so there is this physical distance and then there becomes an emotional distance where you see the subject, in this case, most likely the target of the investigation, michael cohen finally realize their interest divurge. and you see this break where they start to look at their interests first and decide they will have to do what's best for them, what's best for their family which is of course if words you saw michael cohen use. when you take all this together, al

matt miller is an msnbc justice and security analyst. he was the chief spokesman for the justice department under president obama. he will join our panel of lee ann caldwell, john harwood, cnbc's editor at large, and alfonso aguilar is the president of the latina partnership for conservative principles and former chief of the office of u.s. citizenship. matt, let me start with you and the various legal developments just today. first let me start with the subpoena of the trump organization's long-time cfo, allen weisselberg, who, by the way, was originally hired by the president's father, fred trump. that's how far back he goes. he gets subpoenaed in the investigation that's going on in the southern district of new york. does that mean all the questions that are asked of him will only involve whatever they're investigating or does mueller have a piece of him too? >> we don't know the answer to that, but this every well could ask questions on behalf of another district, on behalf of another prosecutor in the department. doj does that all t

national political reporter at "the patiewashingto post," and msnbc justice and security analyst matt millerformer chief spokesman for attorney general eric holder. first to you, geoff bennett, you're aware of the speaker's position on this. first of all, the freedom caucus, so-called, these very conservative members, pitched this but didn't pitch it as a privileged resolution to really jam it onto the floor. so were they just trying to make a point? what's going on up there? >> reporter: it certainly appears that way, andrea. and today we heard that house speaker paul ryan did not publicly condemn the effort but ticked through all the reasons he didn't support it. he said it wasn't smart to be cavalier with the term "impeachment." he said if it went to the senate it would jam up the republican agenda, including the effort to confirm supreme court nominee brett kavanaugh. what we're left with isyes, this appears to be an effort to further politicize the mueller probe, and perhaps to lay the predicate, to give president trump an excuse if he so chooses to get rid of rod rosenstein who as you

joining me now, eugene robinson, "washington post" columnist, and matt miller, former chief spokesmanhe justice department and msnbc security analyst. >> i'm sorry for cackling. >> cackle away. >> the juxtaposition of those clips shows you everything you need to know about rudy giuliani right now, about the times, and which way you should believe, is michael cohen a great guy or is he scum of the earth. and that's -- you know, he said both. >> matt miller, from a prosecutor's standpoint, and you've worked at the justice department, if michael cohen is so damaged by all of these personal attacks and by the possibility that all of this was leaked by the -- by team trump in some fashion, whoever did it to make it less valuable as a proffer of cooperation from michael cohen, we don't know the sourcing, but if michael cohen is so unreliable as a witness, then to use him, robert mueller needs corroborating evidence. >> yes. >> of the president having foreknowledge of it, whether it's from hope hicks or some other person in the inner circle. >> he certainly would. one way to think about mich

msnbc security and justice reporter matt miller. and veteran of the banking world, msnbc host, stephanie ruhle. i want to start with you because i know we have breaking news. >> indeed we do. ivanka trump, her brand, will officially be shutting down. that's the ivanka trump clothing and accessories and lifestyle brand. the president of her company announced it in conjunction with ivanka trump. august is when they usually do the planning for the next year. the company, according to miss trump, she's claiming the brand did well. we know in the last 18 months, both hudson bay and nordstrom stopped carrying her stuff. the sentiment is basically miss trump plans to stay in washington in the near future. wants to focus all of our attention there. remember, she's gotten a huge amount of pressure to shut this company down. it is made in america week. she doesn't make any of her products in the united states. when asked about that just a few months ago by "the new york times," the president of her company said they have to focus on their bot

ken dilanian, intelligence and national security reporter for nbc news, frank figliuzzi, matt miller and former u.s. attorney joyce vance. matt, i do want to start with you. given that donald trump today called this a witch hunt and given that rod rosenstein briefed him on this indictment days ago, what does that say to you about how seriously donald trump is taking this investigation? >> he's taking it seriously. in one way i think he's always taken this seriously in that he's been very concerned about it. he's clearly been concerned about the aspects that relate to him, the obstruction of justice aspects that he's under investigation for. and the other part of it, he's never taken seriously. he's never taken this seriously as an attack on the united states. he cares about anything that might affect him. he cares about implications of wrongdoing of people close to him, around him. whenever it is discussed as an attack on the united states, an attack on our democracy, an attack on our free and fair elections, you see his defensiveness from him and this need to lash out against the inv

i'm matt miller in for guy johnson.i'm in berlin and his office week so here i am in london. a warning in japan markets saw -- search. the central bank later offered to buy an unlimited amount of bonds at a fixed rate operation. the yen rose to a two-week high against the dollar and rates on jgb's rose, as well. we also have, and currency news, donald trump tweeting about chinese manipulation and complaining that the u.n. is falling like a stone. u.n.sponse, china says the exchange rate is determined by the market and also says threats and intimidation will never work on it. let's talk about the schoolyard ethics battle with my guest, tim graf. head of microstrategy. china says sticks and stones will break my bones, but words will never hurt me. still, donald trump will use that twitter pulpit. is he right to do so? tim: difficult to say. he also singled out the eu and the eurozone. it's pretty clear they have not been manipulating their currency. and china has been letting it fall. they haven't been taking active measu

we have strategic numbers and i see the progress. : that was matt miller.nie: the s&p 500 is unchanged. general motors is down 7% in that index. the dollar is a little weighty. that is before the meeting today. will trade escalation impacts north america? you can see the 10 year moving higher, day by day. inventories,d of one barrel of wti is trading at $68.62. this is bloomberg. ♪ his is bloomberg. ♪ caroline: this is "bloomberg markets." from a sunny city of london. vonnie: 80's raining here in new york. biggest look at the stories in the news. general motors is now the highest company to fall victim to trumps trade war. with steel and aluminum, material costs will be a $1 billion headwind for gm this year which is twice what the company expected earlier. shares of fiat chrysler are falling today. targets the financial after disappointing sales in china. that is a significant challenge for the new ceo. you have a five-year plan to double profit and extent in china, the world's largest market. and boeing boasted quarterly profit and sales that beat estimat

>> no. >> pretty much -- >> matt miller, jeremy bash, our experts on national security. was more of a hearing that gave us a sense how people feel about donald trump, and if donald trump was watching but too busy being extremely rude to theresa may and leaving some scorched earth at the nato summit, but had he been watching he would have been very, very angry, because there were a lot of really harsh things that were said by really important people about president donald trump. what was proven yesterday exactly? start with matt and then follow-up with jeremy. >> you know, i think one of the things that was proven, if you look at peter strzok's text messages. if you look at text messages of many of the members of that committee, the republican members of that committee, leave aside the real mega heads, louie gohmert and some of the true believers, would you have seen them saying much the same thing. not just in 2016 but now. i think the point that peter strzok was trying to make is, like some of the republican members of congress, like some of the people that serve in don

matt miller? >> that's no way to run a railroad. there are a lot of reasons why he might have done it. one reason is to get ahead of the russians, one. i was thinking the same thing you did. the interview was carried on all three networks. we know the president watches a lot of cable. one of the first questions andrea mitchell asked him was about the president's siding with vladimir putin over the u.s. intelligence -- >> you think it was a screw you? >> and dan coates very pointedly in his low, kind of understated way said that he disagreed with the president, wish he hadn't said that. wouldn't surprise me if the president called sarah sanders down to the oval office and asked her to put out that tweet. i'm sure when ashley and phil do their reporting, it happens week in, week out. >> i am not always convinced the white house is that strategic -- >> white houses usually aren't. but this was too weird. they don't read their pdbs, they don't know a lot about history but they do watch cable tv. >> they absolutely do watch cable tv. thi

to pre-judge it going in gets old. >> matt miller you covered a lot of ground for us.up next, hallie jackson was part of the press corps on what the president believes about russian meddling. >>> plus we'll talk to former u.s. ambassador to russia michael mcfall at the center of a tug-of-war. and dick durbin within join us andon joniernst when we come bac back. with two times more geographic detail... ...ancestrydna can pinpoint where your ancestors are from... ...and the paths they took, to a new home. could their journey inspire yours? order your kit at ancestrydna.com. man: it takes a lot of work to run this business, but i really love it. i'm on the move all day long, and sometimes i don't eat the way i should. so i drink boost to get the nutrition i'm missing. boost high protein now has 33% more protein, along with 26 essential vitamins and minerals. and it has a guaranteed great taste. man: boost gives me everything i need to be up for doing what i love. boost high protein. be up for it. joe" on a beautiful thursday morning at the white house. it's thursday, june

matt miller is in berlin. matt: we had a mixed trade in asia overnight, chinese markets were down, japanese markets were .p after the marine day holiday it looks like investors are selling off treasuries so it could be risk on in europe. the cash trade is less than 30 minutes away. ♪ guy: trump trashed by democrats and republicans after seeming to side with putin rather than the u.s. intelligence services. well it have an impact on the midterms? shares dropped for mid -- more than 1% on weaker's instruction numbers but after more than doubling, was the stock in troubled territory? oil falls after yesterday's dramatic selloff. data put a floor under this market? question. is the we are less than half an hour away from the european open of stock trading. futures are mixed as well. we have a positive trade on ftse futures, a drop-in dax and cac futures. yesterday we had a mixed trade although it was not terribly positive. one of the things are like to look at is what investors are doing with treasuries so take a l

zoneng us is bloomberg matt miller, all the way back -- bloomberg's own, matt miller.ing here. i've been a fan for 30 years. plus we have new musicians like rachel platen. we have real legends like rita marino, who has one and emmy, tony, one of, and the few people in the world. it will be an incredible performance, because the boston pops put on such a great show and bring out such great music. they fire the cannons during the 1812 overture. it is really traditional, but we have a lot of new music to share as well. david: are the and ago girls going to sing through landslide -- indigo girls going to sing through landslide? througha marino sing west side story? anitashe was the original . we have the new i need to with .s -- anita with us it is a marriage of the old and new kind of passing the baton. it should be just a fantastic program. you can watch it not only on bloomberg tv, but on boston.com. you can listen to it on bloomberg radio. sense matt miller, do i duet opportunities? thank you for that. have a great time. do not miss the boston pops fireworks spectacula

guy: rumor has it that matt miller was there with a t-shirt.d to hearing his report of the event. investors betting on rate hikes. you move this if morning. pricing has certainly changed around it according to bloomberg sources. of september hike now placed at 80%. is this the ecb floating balloons out there. is the sort of back to messaging to the market actually bringing afford a little bit? it very well could be and the discussions are very confidential. everything will depend on the economic situation at the time, but now it appears that september or october is possible. the timing is very important because this will set the tone for the ecb's exit from years of monetary stimulus. guy: we are a few months away, doesn't make that much of a difference if we are pressing september or december? does it actually have a material impact in terms of the way investors are thinking right now? >> i would imagine it does. the difference between december and september or october is quite a bit. they will be looking at that. there is another factor, too.

i'm sure matt miller will tell us later -- this was a genuine car guy. another time and place. tom: he was -- francine: he was working 24 hours a day. it was the field chrysler deal -- fiat-chrysler deal, on the first of january a couple years ago. ionne classic.ch let's get to matt miller. he knows him better than anyone else on the tv side. he will be missed. he was unusual. he was a turnaround chief executive, one that loved what he did. reporter: he absolutely loved what he did. he was a person who worked seven days a week, 52 weeks a year. constantly either on the phone or talking with colleagues, talking with reporters, with customers, employees. he was always looking to make deals. he is most famous for the deal that saved chrysler. he was making a number of other deals. he was a passionate ferrari customer and driver. there he passionate about formula one. he wanted to win a championship. he had done a number of other thats for the family, helped make them a lot of money, enlarged their legacy as well. he will be missed by a lot of people but his

i am matt miller. guy johnson is off this week. the cash trade is less than 30 minutes away. ♪ matt: tech goes both ways. amazon reports record second-quarter profits after facebook takes a historic plunge, wiping out $120 billion in market cap. ripping off the script is what the european union has done to's -- to theresa may's brexit options. jay carney says he will never accept her customs plan. 4% growth. we will get the u.s. gdp figures later on today. can president trump finally add this to his list of campaign promises fulfilled? we are one hour away from the open of european stock trading in the u.k.. futures are positive across the board. very little change if you look at the big stocks across europe. there could be a stronger day for the u.k. then it will be on the continent. let's take a look at the gmm screen on the bloomberg to take a look at what other asset classes are moving. indexes, wee equity see a mixed trade in asia overnight. that holds true if you look at japan and china. we have the nikkei gaining, the ng in h

i am matt miller in frankfurt alongside matt -- mark barton in london.0 minutes into the trading day. stocks are higher for a second day after gaining yesterday for the first day. -- $46 billion merger is on track, lifting shares by 2.6%. low among the other gainers. the swedish financial company bank is the big gainer. the flip side of the coin, ryanair among the movers. gainersingly among the in that it will cut capacity in dublin by 20% for winter 2018. -- guidance no later than november, the firm's 20% lower today among other decliners. clariant, the -- is getting underway. here is sebastian sarlacc. called totrump was remove terror -- has called for the eu and u.s. to remove tariffs between each other. a idea.i have both drop all tariffs and subsidies. that would finally be called free market and fair trade. we are ready, but they won't. that ahead of the meeting with jean-claude juncker. >> they sound nice, but they are rough. they are all coming in to see me tomorrow. they are all coming to the white house. i said you have to change. they didn't w

matt miller. if you are an investor you want to be in the u.s. or europe.rack on theuation blueline is european bank stocks and the white line is the s&p bank stocks read valuations are slipping for the european peers. , nuveen chief equity analyst. is the value coming from banks? doll: my answers you can on them both. i think from a longer-term perspective we have to understand how much work the u.s. banks of done on their balance sheets and cost structure and i think they are ahead of european banks on that score. and that's why they are bit more expensive. neither are expensive relative to the market. own the both. david: how much is the valuation for european banks just because of the ecb? mr. doll: no question about it. that's a big issue. secondarily the issue is have they really cleaned up? rodriguez banks were forced recapitalized -- forced to recapitalize? they did it.lad european banks never really did that as a result, they have that cleanup in front of them. move on to the u.s., in terms of other european assets, you have to buy europe. is that

matt: what would you watch out for? what are the things that would continue right now -- concern you right now? is trumps trade war or the millerbe -- robert mueller probe one? luke: we will see what they say in the next few weeks. matt: do we bother going to the ecb? luke: and does not feel that we are going to get anything out of the preplanned path that the ecb seem to be following anyway. to me this trump trade stuff is becoming background noise. he has had to increase the rhetoric, up the rhetoric to try to get people's attention to cause the uncertainty that we have seen. right now this could be fading into the background a little bit. i think corporate earnings are going to be very good in the u.s. and pretty good in europe. that could well drive markets for the next few weeks in what is traditionally a quiet time. matt: earnings are exciting this quarter. it seems to be overshadowing donald trumps twitter war with iranian leaders. that is not even move the oil price. when there is talk of the mother ,f all wars coming out of iran typically it would move oil, but it is not. luke: it is more about trumps relationship with

christian sewing joins matt miller. juliette saly with the first word news.uliette: this president donald for the e.u. in america to remove terrorist between each other, tweeting the european union is coming to washington to negotiate a deal on trade. them, dropdea for all tariffs, barriers and subsidies. hope they do it. we are ready, but they won't. that comes ahead of a meeting later with jean-claude juncker. will simply discuss possible solutions. >> they sound nice, but they are rough. they are all coming in to see me tomorrow. they are all coming to washington. to change, iant said good, we are going to tara millions of cars. u.s. carmakers announced second-quarter earnings. meanwhile donald trump has tempered his red toward iran, two days after he sent an all caps warning of future conflict, addressing the national convention of veterans of foreign wars, the u.s. president to credit for pulling america out of the iran nuclear accord but says he stands ready to come back to the negotiating table. theresa may is taking control over brexit negotiations in

matt miller, former chief spokesman for the justice department, joins me now. 's also an msnbc justice and security analyst. matt, the significance of this indictment for this woman, this young woman, who was living here and trying to gain influence within an american political organization, including the nra. >> i think the best way to think of this is as one part of a multifaceted russian campaign to influence the united states policy. and we've seen, you know, through the results of the mueller investigation, their attempts to influence u.s. policy by choosing who the next president would be. this is their attempt to influence u.s. policy by infiltrating the nra and using it to cut vat relationships with u.s. political officials. one of those political officials seemed to have been donald trump. she publicly asked him a question about sanctions early on in the presidential campaign. one seems to be his son, which whom she and alexander tortion, a russian senior official to whom she was reporting, met with in 2016. while this is not directly related to bob mue

president and his attorney let's turn to legal analyst ben wittes, national security contributor matt miller, former chief spokesperson for the justice department. i want to play this sound for and you get your response to it, ben. him talking about sort of the call that went -- that don jr. made after he sort of has the exchange about setting up the meeting he calls a blocked number, house intelligence committee famously refused to find out what that number is. listen to what he says about that. >> the meeting with the russians, how can you be sure that the president didn't know beforehand? you're saying it was just a he said -- >> nobody can be sure of anything. but the one who came in and allegedly told the president about it was donald, which donald denies, the president denies and there's no corroboration of. and cohen has never said this at any time up until now. >> when don -- don jr. made as you know that day before the meeting and i think after calls to a blocked number. was that the president? >> here's my question for you, ben. how important is it that clients share all the inform

i want to bring in matt miller, former chief spokesman for doj and one of our justice and security analystsbut before i do, i want to show a clip, one of the interviews the president has granted overseas was with jeff glor ofs have been, jeff glor of cbs news, who asked him about these 12 russian security officers named in the indictment we just got a chance to read on friday and a thought if you believed the president's reaction here, a thought that had yet to occur to him about the putin meeting. >> the russians who were indicted, would you ask putin to send them here? >> well, i might. i haven't thought of that. this was during the obama administration. they were doing whatever it was during the obama administration, and i heard that they were trying, or people were trying to hack into the rnc too, the republican national committee, but we had much better defenses. i'd been told that by a number of people. we had much better dens defense they couldn't. i think the dnc should be ashamed of themselves for allowing themselves to be hacked. they had bad defenses. i heard they were trying to

assistant director for counter intelligence, former chief speaks plan for the justice department, matt miller and joyce vance. >> given trump called this a witch hunt and given rod rosenstein briefed him on this indictment days ago, what does that say to you how seriously donald trump is taking this investigation? >> he's taking it serious lis in one way, i think he's always taken this very seriously if that he's been clearly concerned about the aspects that relate to him, the onstruction of justice he's under investigation for. the other part he's never taken seriously as an attack on the united states. he cares about anything that might affect him. he cares about implications of wrong dong by people around him but whenever it's discussed as an attack on the united states and our democracy, an attack on the way on our free and fair elections, you see this defensiveness from him and this need to lash out against the investigators. and it is remarkable i think that days after he was briefed on this indictment, when he knew it was coming, when he knew there would be public evidence unsealed abo

i am guy johnson alongside matt miller in berlin. but: asian stocks are mixed more to the downside, the yen unchanged as treasuries gained, jgbthe real move comes in 's. the cash trade is less than 30 minutes away. guy: after all that buildup, the boj fails to deliver. anything more than a few tweaks to monetary policy. the press conference -- conference just beginning. we will get you the latest headlines as the press conference develops area tech tanks again. morgan stanley says the selling is just beginning and the market is heading for much eager correction. credit suisse shines, this was bank reported best pretax profit in three years. the ceo tells bloomberg that he is very happy with levels of growth. >> the core of our performance is driven by wealth measurement which is much more stable and much more predictable and growing very nicely and we can absorb the [indiscernible] of global markets. three more great interviews coming up for you on bloomberg television. we will speak to bps ceo bob dudley about his earnings. after it

it was clearly putin's russians that were doing his business. >> matt miller, former chief spokesmanustice department. as clint just pointed out, this was hard evidence, alleged. does this insulate robert mueller and rod rosenstein from attacks or are those attacks in such a political arena that this indictment will also be disputed? >> it certainly helps. i think they can't be unaware of the attacks that have been occurring against them and they can't be unaware of the damage it's done to robert mueller's reputation, not with the broad mainstream public, but if you look at the polls and how republicans' opinions have changed over time, the attacks of the president and his counsel, rudy giuliani, have launched against robert mueller have taken their toll. today mueller put a lot of new facts on the record that show convincingly this is not a witch hunt, it's a serious investigation that's producing fruit. you have to ask about the timing of this. obviously we've talked about this, ken i think raised the important question of whether the president, when he was briefed earlier this wee

my thanks to matt miller, john sipher and eddie glaude.y" starts right now with katy tur. >> i felt you missed a lot on friday and then today happened and i thought, wow, did friday even happen? >> thank you so much. >> it makes me wonder what's going to happen next? >> it's always something. right, my friend? >> that's right. nicolle wallace, thank you very much. welcome back. >>> if it's monday, president trump stands by his man. tonight, red flag. the president is standing with the russian president while trashing his own country. >> i think that the united states has been foolish. i think we've all been

matt miller will cohost here we brought you back to berlin for this. >> it is an amazing event.alfing mean people up and down the bank of charles here. an incredible music event as well. one of my favorite bands of all time, the indigo girls, are playing here. if you're my age and you went to , anderal arts school they're playing a fight song. she has won an and me, a grammy, and oscar, and a tony. one of very few people who have done that. we have the new one here as well. natalie cortez. it will be a great gathering of people and a great celebration of america and the boards of july. watch it on bloomberg television and you can stream it on boston.com. this is bloomberg. ♪ scarlet: from new york, i am scarlet fu. investigations into facebook continue. now focusing on the company we bring in tech reporter garrett. about what they are looking at pacific league? >> got a hold of the third-party and they had given permission to use the data. he shut that down several years ago but never told the public about it. until the news article comes out regulators now saying wait a second,

. >> for more on that circus i am joined by justice analyst matt miller. and michael nance. what did you think, matt? >> you know, i sat through a lot of hearings of these two committees and on a good day, they are pretty bad. this was not a good day. one of the embarrassing moments i have seen from either of these committees. they started out by threatening him with contempt charges referring him to the department of justice for criminal charges because he wouldn't answer questions. and then not letting him respond. for all of their attacks, it is clear, they weren't in a search for truth or for justice. they wanted a public whipping boy that they could pin these accusations of bias on. they were never able to connect his clear feelings about donald trump with any actions he took at the fbi. never able to make the link that some of the things he felt about donald trump influenced anything that he did. as he eloquently stated, he had the power in the fall of 2016, with one phone call to derail donald trump's campaign. only person in the country with that power and he refraine

i'm guy johnson, alongside matt miller, who is back in berlin. matt: good monday morning.an stocks decline as data shows the slowdown in china's economy and the second quarter. the cash trade is less than 30 minutes away. guy: friend or foe,

matt miller spoke with him in an exclusive interview. the headwinds we had in the second quarter, if i look at the material transformation which we did, in all parts of the bank and the second quarter, these are solid results. withues came in, in line market expectations and some businesses above consensus. the pretax profit of 700 million is a solid number. most importantly, we have executed on other targets which we have set also. on the cost side, we have the lowest headcount in the bank since may 2010, since the acquisition. most importantly, we have further reduced our leverage, and that results in a capital ratio of 30.7%, a real solid number which speaks for the strength of the bank, and gives us now even the possibility to redeploy capital and grow in the second half. actually, i feel all right. it is solid numbers. matt: one of the analysts that covers you said the problem is the revenue attrition has been moving at a faster rate than cost reduction. extra capital,s this extra leverage, to implement cost-cutting strategies that

with us to explain it all is matt miller for the u.s. department of justice. two things. number one, at least once in our lifetime we will be able to say that formerly secret do you means came out that underscore the rigor of the judicial process while under cutting an american president's argument that it's a rigged hoax witch hunt. that's number one. number two, a request for you. show us, tell us how easy or hard it is to get a fisa warrant. if i'm a fed and i come to you, a federal judge, and say there is a sketchy person of interest we are looking at. how tough is it? >> even before you get to the level of going to a federal judge, you have to go through multiple layers of review inside the fbi and it has to be signed off by the director himself before going through review by agents and lawyers and comes to the justice department and goes through reviews at the justice department and has to be signed off with one of only a handful of officials. then as you can see by looking at this fisa warrant application that now for the first time the public has been able to look

in an interview with matt miller, ceo christian sewing sounded a note of optimism.tian: the core business within the corporate investment bank we had a good quarter 2017, , in particular credit rating. secondly, yes, we went through a transformation in the second quarter, so you see one or the other adjustments we have done and therefore, we did it in one quarter. now we build up the capital, bring it back to the business and with processes we have, am -- with the client franchises we have, i am very confident we will see growing revenue in the business going forward. matt: you say in the press release you remain confident about maintaining your position as the fourth largest house globally in fixed trading by revenues. what gives you that confidence? christian: the clients we get. since i have been in this position, i have seen more than 150 clients globally. honestly, they want an alternative to the u.s. banks. they see us as the european bank offering the full range of corporate investment banking services. this gives you the confidence. secondly, the expertise a

matt miller is there. it starts at 8:00 p.m.oomberg. ♪ ♪ guy: 22 minutes past the hour, this is bloomberg markets. i am guy johnson joining you from london. time for the bloomberg business flash. emma: the cochairman of struggling chinese combat out -- conglomerate hna has died after cliff. off a 50 foot he was 57. hna is trying to recover from soaring borrowing costs. they sold more than 14 billion dollars in assets this year. it is a money laundering case denmark, the estonian operation of danske bank may have been used to launder as $8.3 billion. they do not know who is behind the transactions, but previously showed funds came from russia, although the, and azerbaijan. bloomberg learned the two automakers have given themselves two years to decide of a merger or they will look for an alternative membership. that is your bloomberg business flash. guy: thank you very much. uber is in talks apparently for a majority stake in its middle east driver kareem. the companies have discussed the number of potential deal structures. joini

. >> with us to talk about it tonight, and explain it all is matt miller, former chief spokesman for department of justice. matt, two things, number one, at least once in our lifetime we will be able to say that formerly secret documents came out that underscored the rig orof the judicial process while under cutting an american president's comment that it a ri rigged witch hunt. tell us how easy or hard it is to get a fisa warrant, if i'm a fed, and i come to you, a federal judge and i say, there's a sketchy person of interest that we are looking at, how tough is it? >> even before you get to the level of going to a federal judge, you have to go through multiple layers of review, first inside the fbi, has to be signed off by the fbi director himself after going through review by agents and lawyers and then comes to the justice department, goeses through multiple levels of review by the justice department and has been signed off bay handful of officials. and then, as you can see, by look at the fisa warrant application that the public has been able to lack -- been able look at. they a

the cs book to matt miller for the company's plans for a share buybacks.ly caused us to have some higher operating costs. there's on the reasons they are operating costs are higher, but there's also an exchange rate effect to work through on some of our tax positions, causing taxable events which are non-cash and then the way we have structured the company in terms of intercompany loans also move where we have to reevaluate local loans at currencies. as things are harder to see and they have a non-cash contribution to earnings. at $11.6 million for the quarter after working capital, is a very strong quarter, the best quarter -- 21 2014 --014 q1 2014. it's an under $800 million. the underlying basis, this was a $12.4 billion cash from operations quarter. that's a very important component in our confidence to start the buyback program that we committed to. >> i will give you a comment ,rom an analyst at can afford and you tell me what you think. he says the only way shell has been able to generate cash is by selling assets. he says it's not a good place to m