michael m.: the consumer is at least hanging in there.rst quarter, but we have had seasonal adjustment problems in the first quarter. this is more return to normalcy. in the third quarter of last year, 2.8%. the second quarter of 2016 was 3.8%. we are not approaching where we could be, and consumers are hanging back. they are not adding a lot to their closets, but they are still buying stuff. jonathan: we want to bring in michaelkmore and ingram. your initial take on the numbers, please. luke: probably bullish in the short-term to euro treasuries. the employment cost index is possibly most important for me. the tight labor markets in the u.s. and lack of inflation off the back of that, senior from that perspective is important. you possibly rolls over later in the year, but for now, it probably relies on a long treasury position. jonathan: michael ingram? michael: i would go with that. this is soft inflation data. it paints a picture of an economy that is affectively treading water. maybe reflationary dividend will .e paid -- will be repa

why be michael bay when you can be christopher nolan?m does. y be michael bay when you can be christopher nolan? it is what eve ryo ne can be christopher nolan? it is what everyone will be watching. stories of the terror of dunkirk and stories of the terror of dunkirk and stories of heroism and there are stories as well in your next choice of some very brave individuals and i have to be honest, the more i read about this, another one i am not sure i quite had the stomach for but it is important work. it is a documentary and it is the harrowing account of isis brutality as seen through the eyes of a citizens journalist collective in syria. they formed at collective in syria. they formed at collective and they decided that what they would do was document what was going on, to let the world know and they did that at great personal cost. here is a clip. the thing that i think the film does really well is that pays greater tribute to the bravery of these people in doing this citizen journalism reporting and it contains horrifying images and there are

i'll have the accuweather 'm michael finney.. i'm at town center. we're holding an ask finney event. event. if you have a ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. ♪ ♪ 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. >>> breaking news in berkeley where police are asking for help finding a missing 5-year-old girl. take a look at her. she was last seen with her mother about 3:15 this afternoon. she was wearing a black shirt, black pants and gray tennis shoes and had short hair in twists. this is a picture of her mother. police say that davis has diminished capacity. the mother has two braids with black jacket and blue jeans. if you seen the two of th

michael caputo testified before the panel in closed session. here's julianna goldman. >> but i had no contact with russians, and i never heard of anybody in the trump campaign talking with russians. meporter: former trump campaign advisor michael caputo met with house investigators for about three hours today and testified he had zero contacts cath russia during his time on the campaign. caputo, who was on the trump campaign from november 2015 to june 2016, had lived in russia in the 1990s, working for the u.s. government. he returned to the u.s. in 2000 and worked as a public relations advisor to a subsidiary of the state-owned russian conglomerate gazprom. he told the buffalo news, last year, "i'm not proud of the work today, but at the time, putin wasn't such a bad guy." >> i intentionally stayed out of the hair of the white house and the administration, especially since my name was brought up in the context of the russia investigation. nobody in the administration or the white house needs my telephone number on their call list, needs me on their visitor logs or needs e-mails from me. >> reporter: he's a protege of one of mr. trump's longest advisors, roger stone, whose appearan

m . >> tom: you see michael demarre, a little q and a. this will be my three-game winning streak. then i broke that up. >> tom: we did not hader struggle at all last weekend in milwaukee. but he has struggled after striking out the first two batt batters in this inning. >> john: since he hit the rocket back, he's not thrown the same. looked like he tried to throw a change-up there. >> tom: runners go. the pitch is hopped up. he's angry at himself and the inning is over. the phillies lead two in the eighth inning. we will head to the ninth. the phils trying for their third consecutive victory. we'll be back right after this. combo deal. it's your sanctuary, your home court. it's where everything happens. this is your home, your car, your memories, and you want to be sure they're protected with home and auto insurance. as your state farm agent, i get it. it's why i'm here. here to help life go right. talk to a state farm agent today. >> tom: top of the ninth inning the phillies are on top 6-1. they scored two in the first by freddy galvis and four in the sixth inning. freddy had a h

a big m&a in the u.k., michael kors agreeing to buy luxury shoemaker jimmy choo. 230 pence a share. 32 times ebitda based on the bloomberg consensus x -- consensus measure. by, among famous other people, carrie bradshaw. tell me a bit more about her. vonnie: it is hard to remember, distant memories. i am sure there are plenty of them. agenda the congressional and president donald trump keeping up the pressure on republican senators, urging them to vote on a health care bill. earlier tom tweeted -- big day for health care, after seven years of talking we will see whether republicans are ready to step up to the plate. a vote is scheduled and the senate this afternoon, despite knowing what exactly they are voting for. let's get some details, kevin cirilli is following all of the developments on capitol hill. it looks like this motion to proceed will pass even though senator susan collins is a definite no. we think that rand paul and probably mike lee will also vote to pass so therefore there are the votes. kevin: yes, that is the situation on capitol hill, the president himself tweeting o

m. potsch: i'm going to show you a next generation pickup. michael: let's do this.otsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing) time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. ...is not just something you can see or touch. home...is a feeling. it's the place where you feel safe to have those little moments that mean everythi

social media reacting to michael virk's at vice for kol up capper neck. meds to lose afros for a clean cut style to got a job. he has not signed with another team yet. a lot of people beck lateing he he. kaepernick responded m this is of rust to their captors. we acted what upage does c capper neck have to have if he has never been arrested like vick and why vick was perpetuating stereotype black help have to look and distress a certain way and being safe as society. >> photo going viral of transgender woman posing with greg abbott politician. he unknown posed hidingen how will the public know i'm transgender if the govrnlts doesn't. >> do you use a bathroom that score correspondence with sex on birth sirt. >>> and the newest summer fashion trend et cetera you back $8 0. blue arizona sandals company's most expensive shoe. what timely, it's in the experts say green puppies are extremely rare and it's only happened three times before. apparently it's caused by color pigment in the mom's body. the color will not last forever and will fade. the minute colored d

political science and director of studies at stanford university, former ambassador to russia michael mcfaul, ambassador, m your thoughts about what he said? >> i thought it was a flippant answer for a serious situation. i worked in the government for five years, i don't recall reading an intelligence report about russian interference in the previous elections. maybe he should clarify what he meant by that. there may be something on his mind, but to somehow suggest that what happened in 2016 is just standard operating procedure is flatly incorrect and i think he is just trying to monday 99 thor is yuszness to what we should be devoting to january, 2016. >> do you agree with the ambassador? >> more pomptly i agree with the analyst intelligent assessment that this attack, this years attack was unprecedented scope and scale and, in particular, the use of cyber tools, hacking that is unprecedented. yes, they've engaged if propaganda, nothing to this extent. of course, we have never seen a presidential campaign potentially working with having foreknowledge of those russian efforts toer creed in an election. >>

. >> and that scare of m&a within retail, with jimmy choo, with michael kors and jimmy choo. so you have people say, we've been lucky or not lucky, rewarded on the shorts what are we really looking for in these shorts that perform at a certain point when you see the retail sector has been decimated. >> do you have more hope for retail at this point >> i actually don't think the jimmy choo thing was the driver today. i think they were just oversold. and at some point, if the economy's doing better, people -- i think people will shop i think they were just way oversold but it does bring me to the jimmy choo point, which i want -- there's a couple of significant things here that i think are worth noting so i love john idle, who runs -- he's ceo of michael kors however, i'm not a giant fan of this acquisition to be fair, they have telegraphed to the market, we want to do a sizable acquisition. so you shouldn't be blindsided for that but when you want a company that is in the middle of a pretty significant reboot of your business, that still has not yet shown its effectiveness, to

here to remind you of some of the m essa 9 es here to remind you of some of the messages that were coming your way. we have one from michaelie captain. not too many better feelings of the world, congratulations to england. how about this from freddie flintoff? amazing scenes at lord's, a proud englishman former player. could not be happier. what about the current england captain, the men's captain, what a tournament. he has posted a brilliant picture you holding that tournament aloft. and what about theresa may as well? fantastic weekend for british sport, congrats to the england women's cricket team and chris froome. she puts him in the same sentence as you, heather, great to see you on top of the world. that is the thing. i think it was mark robins yoko chu said, women's cricket is getting the respect and the recognition it has deserved. they mentioned in the same sentence as the great things chris froome did over the weekend. crazy really to think about what has gone on over the last a0 hours i guess. i have not actually had a chance to sit down and look through the m essa 9 es sit down and look through the messages and

m&a in the space. we saw tremendous activity lately not the least that michael coors took over jimmy chu. i asked how comfortable are you with the brand portfolio >> we built the portfolio to really have something very balanced between categories, price segment, style, and for instance i didn't even look at that company, gemmy cjimmy chu. gucci is one of the best players in the shoe business st. laurent is strong. so i don't need a specialist so, the portfolio has been built like this. it's true. partly the good performance also based on the fact that we have a strong portfolio of brands, each one has a specific mission they are not competing with each other at all it's healthy in terms of performance. >> there's still areas of weakness within the portfolio. the italian brand is in the middle of a turnaround for quite awhile that's progressing they say it's progressing reasonably well, but compared to other brands not firing on all cylinders. also weakness at a sports and leisure wear brand pima, in that portfolio, has done extremely well. ups and downs. on the whole a positive result for

m not don don, jr. does anybody (bleep) know who i am? >> so, please, don't call me dumb don or jackass, jr. my name is michael -- >> don, jr.! jr.! >> roy, it's michael. oh, my bad, man. you people all look the same. ( laughter ) >> trevor: we live and we learn. we'll be right back. ( cheers and applause ) all 10 seasons in one sitting. that was amazing. the ceiling is all spider webs. we missed grandpa's 99th birthday. i'm actively trying to stand up right now. and his funeral. oh i have a beard. oh! a chip. (laughter) binge watching isn't always rewarding. but hotels.com is. thanks captain obvious. how long have you been here? unlock instant savings now and earn free nights to use later. hotels.com. i'm not the type to smushy garbages... you know what? i'm going for it. you are completely and utterly... awesome... i'm glad you showed up. in my life! i think i'm about to cry... you better not. every single time i... get down! you always have... my back! my back! it's really hard to describe. it's like... all these tiny little... things? yes. yes. things! are actually... friendship. ♪ what are all these different topped & lo

m not don don, jr. does anybody (bleep) know who i am? >> so, please, don't call me dumb don or jackass, jr. my name is michael -- >> don, jr.! jr.! >> roy, it's michael. oh, my bad, man. you people all look the same. ( laughter ) >> trevor: we live and we learn. we'll be right back. ( cheers and applause ) ♪ it's go time at dunkin' with two egg and cheese wake-up wraps for $2. enjoy two freshly made oven-toasted wraps and keep on running all day long. america runs on dunkin'. and keep on running all day long. i'm not the type to smushy garbages... you know what? i'm going for it. you are completely and utterly... awesome... i'm glad you showed up. in my life! i think i'm about to cry... you better not. every single time i... get down! you always have... my back! my back! it's really hard to describe. it's like... all these tiny little... things? yes. yes. things! are actually... friendship. ♪ what's going on here? um...i'm babysitting. that'll be $50 bucks. you said $30. yeah, well it was $30 before my fees, like the pizza-ordering fee and the dog-sitting fee... and the rummage through your closet fee. who is she, verizon? a

<michael vartorella/ride inspector> "my grandchildren (catherine0 the dutch manufacturer k-m-g says there are 43 such rides around the world, including 11 in the u.s. it says the accident was the first such serious malfunction on one of its rides..and is telling operators to stop all operations until it's clear what caused the malfunction. vicki and grant? (vicki) as a result of that incident - six fire ball rides in california have been shut down until they can be inspected.(grant) one of those rides is at great america in santa clara.. that's where dan kerman joins us live... (dan kerman)like most sunny summer days, people were streaming into great america in santa clara thursday afternoon but many were well aware of the deadly accident that occurred on the fireball ride at the ohio state fair.sot it was terrible, you have innocent lives being taken because of a ridesoti have two small children and we come to great america a lot and the boardwalk and so it is a concernwhile rollercoasters were in full thrill mode thursday, great america's version of the fireball, known as delirium sat i

michael fallon, how important is it that today's generation remember what happened 100 years ago?may's generation remember what happened 100 years ago? it is vital because there are no survivors left who fought in this battle and that means it is all the more important we remember it, one of the very biggest battle of that defining year of the first world war, involved all of us, notjust british troops, french troops, australian, canadian, all fighting against aggression and those same allies who are now alongside each other fighting terrorism in the middle east and defending freedom around the world. this was supposed to be the war to end all wars but we saw the horror and hail of it, is it important for military men to read about it and research what happened during things like passchendaele? a huge number of lessons, of world what one such as the importance of learning" is and the importance of learning" is and the tactical adaptation our forefathers put in place, integrating infantry with artillery, a power began to prevail and as we will learn next year when we commemorate 191

shares michael kors today are down as much as 4% because investors are asking are you paying too much? kate spade was another deal. what else are we looking in luxury mhe luxury market playing out and what they do, i am sure these kind of intercontinental deals, we will see more of them. it is like a whole consumer space has been busy this year, whether it is attempted deals were deals actually going through. there is a lot to talk about. mark: thank you. bloombergs ruth david. i'm not going to ask her if she has a pair of jimmy choo's. i'm just not going to go there. time for the bloomberg business flash, a look at the biggest business stories in the news now. emission's cheating scandal will plead guilty in the coming days. violation of with the clean air act. amazon is expanding. the company adding 450 research and development jobs. amazon wants to boost its prime video service in europe. facebook and google also expanding their presence in the u.k. arches shinelden bright versus a pre-fed decision spend. this is bloomberg. ♪ ♪ time for the battle of the charts where we take a look at some of the most compelling charts of the day and what they mea

michael kors buying jimmy choo i know all about jimmy choo. details straight ahead get ready for earnings dupont, united technology, eli lily, 3 m, gm, caterpillar mcdonald's all reporting in the next three hours we'll bring the numbers the numbers and the reaction on wall street and where the stocks move plus, your rumba could soon map your home and sell that data to big tech companies we will explain why. it's tuesday, july 25th. "squawk box" begins right now. ♪ i always feel like somebody's watching me ♪ ♪ is it just a dream >> live from new york where business never sleeps, this is " ""squawk box." >> welcome to ""squawk box." we're live at the nasdaq market site in times square >> s&p 500 up about four points. the nasdaq, however, and we'll explain why this is the case

m thanks f >>> caught on camera, a dramatic rescue from an arizona flash flood. >> andresident trump will speak directly to the american people about health care. >> and michael phelpsore on a busy monday r. >> welcome to the work week and welcome to have you on the "early today" team. >> i just

michael in one lane and a white shark in the fire lane. were going to have to do a simulation i'm going to use this feed data we obtained from our m race againstrk. ♪ >> the great white shark takes the gold. >> kat: can't believe that network would do this. the guy's rights. the first thing you think is how are you going to put a shark in a pool and tell him to go? that he'll know that means he can start swimming. >> eric: i lost 50 bucks. >> amy: i think the real suspense was, was he going to, would he have the courage to dive in a swimming pool with a great white shark and with the great white shark eat him? >> kat: i don't think that's a courage thing. it's an idiot thing. i know statistically they don't eat you. if they eat anyone at all, i don't want to go near them. >> amy: i learned from shark week, they take an exploratory bite but that kills you. that's the real danger. they don't eat you. >> eboni: i'm disappointed. i think this is fake news. nothing burger, nothing sandwich. i was excited about it. i'm a big michael phelps fan. announcer had a british accent. you don't get any more authentic than that. >> eric: i was told they were

m manafort rejected stepping down. glancing at his watch, we are putting out a press release 9:00 a.m. >> that means you resigned. >> that's kushner. >> then firing of michael. and again after media reports embarrassed the white house by revealing flynn discussed sanctions with the russian officials. the white house had known about it for weeks but finally got around to doing something. according to president trump flynn did nothing wrong but fired for misleading the vice president. here he goes. >> fired him fo because of what he said to mike pence, very simple. mike was doing his job. calling countries and his counter parts. so it certainly would have been okay with me if he did it. i would have directed him to do it if i thought he wasn't doing it. i didn't direct him but i would have directed him, because that's his job. >> in may, the president fired james comey and suggested to lester holt that the russia investigation is the reason for his firing. let's watch. >> in fact when i decided to just do it i said to myself, i said, you know, this russia thing with trump and russia is a made-up story. an excuse by the democrats for having lost an election. t

michael and jim khan -- jim mccaughan. fitch sharesnd feeling the pain. we will discuss the outlook for m&a.crombie and fitch shares plunged in early trading. it reaffirmed commitment to the brand while the chairman vowed aggressive action to turn around the struggling retailer. we want to get some insight with jim mccaughan who is still with us. how is it going to play out for the retail sector? we have seen yield, volumes, premium down. this is going to be the start of more m&a? >> i think there will be more m&a. i think what is going on in the retail sector is who can survive and prosper when physical retail , it will not go away, but stores and malls will be losing share to online. that is the process only starting. we are even seeing the beginnings of it with the amazon/whole food steel and the move -- whole foods deal and moved to getting groceries online. consumers can get stuff cheaper more conveniently. i think for a retailer like abercrombie & fitch, the key for their long-term successful the weather they use the brand online and sell to the web-based customers. it to are they losi

m uch. we will continue with bhanu baweja, a lot to talk about on dollar dynamics. and of course will look for chair yellen at 10:00 a.m. today. michaelin washington to lend perspective through the morning. chair yellen with the testimony, but really, those answers to piercing questions. from london, from new york, this is bloomberg. ♪ reporter: this is "bloomberg surveillance." i'm taylor riggs. every top estimates, comparable sales were up 4%. burberry said results are boosted by strengthen mainland china. the u.k. led gains in europe him a while the americas remained weak. twitter has a new chief financial officer. it is the second time the social media company has turned to an investment bank for executive to revive the fortunes. he will take over the role next month. that is your bloomberg business flash. guy: thank you very much indeed. janet yellen begins her semiannual testimony in washington later today on the hill. investors looking for guidance on when the fed could start reducing its balance sheet. yesterday we got a little bit of guidance from lael brainard, one of the more dovish members from the fomc. she is comfortable

michael kors is expected to pay to buy the luxury shoe company. my course has been hit particularly hard in the competitive retail landscape as customers have gravitated toward companies like amazon, h and minally this one is for the books. a groom married his long-time -- fiance' at a ceremony in ice land one problem, though, the groom did not have his tux because delta air lost it somewhere. so he took his picture, took this picture in t-shirt that read, this wedding suit courtesy of delta airline. the whole debacle started when the couple was flying from d connection in new york. the couple was then rerouted before reaching their final destination unfortunately the bag with the tux in it never made it. >> got to carry that on. i'm telling you. >> look at the stories. >> check it. >> great story to tell. he's still got the love of his life. he's still good. >> i said if they're from d.c. on in here and share the story in person. tell us how it all played out. if delta has responded. >> and you can come in and bring your tux. we'll give you a chance to wear& it. >> right. >> hell we might even hold another weddiing exactly. >> we've done britt. >> we've done stranger thing. 9:25 is the t

m "spider-man: homecoming" so excited for this movie. we got to meet him, captain america. spidey movies, are 20-something. this feels like high school. for the eagle eyes, there and michael to see the web crawler. >> that's blasphemy. but whatever. >> from our sister company, universal, "girls trip." >> friends take a trip to new orleans. this is an r-rated girls trip. this is not have rose and go to bed. >> have a battle of rose and stay up. >> and tiffany in that movie, is incredible. >> emotiji movie? >> i felt the same way about the lego movie. and look how good that was. the voices are amazing. t.j. miller, anna faris. and sir queen, is the poop emoji. if it's good enough for him, who are we to judge? >> if you had said this was made ten years ago, no one would understand what you said. >> the new "planet of the apes" movie. >> this is the third in the reboot of "planet of the apes. "th "they are fighting a villain played by woody harrelson. every tiny movement of his face and his body is motion captured and they do an amazing feat for this movie. >> maybe andy can get an award for his acting. >> switching to tv. meghan markle in "suits." "suits" is coming back. >>