jeremy corbyn‘s hope is that the more people understand him, the more they will like.s in the labour party fear the opposite is true, and it's already been a bumpy journey. laura kuenssberg, bbc news, westminster. one of the policies that labour believes will appeal to a broad section of the public is the plan to renationalise the railway network. in the draft manifesto document, the party talks of making a publicly—owned rail system "the backbone" of its transport policy. it would be a gradual process of taking over commercial agreements as they expired. labour is also proposing to freeze rail fares. our transport correspondent, richard westcott, has been looking at labour's rail plan and how it might work. britain's railways are bitty and complex. most of the tracks, signals and stations are run by network rail. it's effectively a nationalised company, spending public money. the trains are run by a mixture of private companies and foreign state railways, including france, germany, holland and hong kong. at the moment, different companies can bid to run different rail

then he goes to the vatican and it is more formal, more stilted, more awkward.act pope francis gave him the autographed encyclical on climate change is about as much get from theould pope. clearly, there was a strong message there. now we are on to brussels and nato. a lot tougher. you have a lot of allies that do not feel like trump is on the same page as them. he is pushing them on spending more on nato. you have mr. tusk saying they are not on the same page as russia for example. not clear how committed trump is committed to the alliance even though he is more committed than before. then he is going to the g-7. a broad multilateral organization that is clear trump is no supporter of. charlie: who will he see there? ian: at the end of the day, the canadians will be tough. i think the italians will be tough. we have already seen macron at the meeting. that meeting was not easy at all. that meeting was not easy on security, not easy on europe. and macron saying he was supporting him, that is obviously not the case. the hardest part of all is the trip back to the

whether we think our common humanity is more important, or our differences matter more. everything else is going to be background music. i promise you, much as i hate it, russia's cyber warfare doesn't bother me. not if america keeps being america. they beat us into space, too, and look where we are today with our space programs. there is always -- life's always going to have problems. we have a serious challenge today, to create more jobs in places where jobs have been left behind. but if we quit playing politics with it and think of the best way to do it, it would be fairly places where jobs have been left simple and straightforward to do. i'm not worried about that. i'm worried about what's in your mind and what's in your heart. as long as we believe our common humanity is more important, as long as we understand that diverse groups make better decisions than homogenous ones or lone geniuses, as long as we realize the great thing about life is not final victories and the great tragedy is not final defeats -- there aren't any final victories or final defeats. it's the

global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countriesthis is bloomberg. haidi: thanks for that. china's foreign exchange reserves rising for a first-rate month in april. tighter capital controls reducing outflows and the yuan holding stable. a trade data out today at some point expected to show a slowdown when it comes to exports moderating from the stellar growth of the last few months. tom mackenzie has been following this for us. you saw the fx numbers of the weekend, how sustainable is it? question iter that is worth going back to january, you will remember the hand wringing win fx reserves drop through that $3 trillion level. seen three consecutive months of strengthening, over $20 billion in april, hitting that $3.03 trillion mark. there are a number of factors feeding into this stronger fx reserves pile, the capital controls, the stability of the yuan, and then the growth picture as well. we are seeing that stronger gdp number in the last quarter of 2016 and the first quarter of 2017, but then you have the considerations as to whe

what is more important? when it comes to emergencies. >> certainly the distance between seats i think is the thing that i would look at an also the size of the bathroom and the size of the aisles and the overhead luggage. i think it's creating a very tense and frustrating situation for passengers. >> mr. kirby do support legislation that would determine the amount of legroom on an airplane? >> no sir and the reason is we want to offer our customers a choice. it's almost exactly the same to fly an airplane regardless of how many seats. >> it's a choice for the cause but if you want economy plus you have to pay more. >> part of that is putting more seats on airplanes. some of it wouldn't have that much effect on united but most of the bills were compliant with the minimum but for some airlines you could take 10 to 20% of the seats off of airplanes and the cost is almost exactly the same to fly the airplane. economically would go up 10 to 20% in one of the rate things that happened for consumers and we talked a

and more of the consumer spend as a goes into more and more of these categories, including the motherhem all, groceries. inwhat about the experiment brick and mortar, the bookstore? how big do you think that is going to be? very measured, but they must be seeing something they like. they are getting in more cities, now, and then beyond the bookstores, they have driving kiosks in seattle. they just opened two of them, so they are experimenting with work and mortar. they realize they have to meet customers halfway and give customers somewhere to go to get things, that, again, the pace has been fairly measured, and that is going to be weather is a big standoff between walmart and amazon, is on the grocery front, and the brick and mortar grocery front with these driving kiosks, where you can easily pull in and have groceries you have ordered of yourut in the trunk car versus doorstep delivery, and that is where walmart has a big head start over amazon. is amazon has an achilles' heel, what is it? >> it might be what we just talked about, the work and mortar, and -- the brick and mortar, a

and spend more and to borrow more.y other country in the world says, why does britain invest so little and pay itself so little while it allows touch grotesque levels of inequality to get worse, let's turn it around and do it the other way. do you think the public are going to go to something as radical as this? those earning over £80,000, paying a bit more to pay for the national health service and our education, i think they will be positive and supportive. great manifesto. that manifesto is full of popular policies and i'm fighting ha rd popular policies and i'm fighting hard for a labour victory and a government led by jeremy hard for a labour victory and a government led byjeremy corbyn. hard for a labour victory and a government led by jeremy corbyn. do you feel he is up to the job? jeremy corbyn has had to fight to keep his job, but broadly this is a manifesto built in his image. this is his radical offered to you. you ma nifesto radical offered to you. you manifesto is the biggest hypothetical expansion of the

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we've got a lot more people looking to buy a home. but there's not a whole lot of inventory for them to look at. >> one of the things that the journal story reported was that some of the big major national builders are starting to transition to those lower priced homes because they're beginning to see demand. even toll brothers, which is known for its $800,000 houses, has started to come down in price point a little bit, and others as well. are you seeing that? >> we're seeing that. and we're seeing that in a number of markets, particularly markets that are favored by millennials, a lot of those are in the south and in the west. but markets like houston and dallas, which have generally been affordable, had seen, up until recently, most of the action at the higher price points. now we're seeing a lot more interest in building homes at lower price points. that's true in atlanta, nashville, raleigh, charlotte, orlando. they're all seeing a lot more interest in what's thought to be traditional starter homes. but there's one other catch, t

and produce more oil.ficult balance. i think the mix has changed while opec is not really changed the way it does thin. things are not 100% in the control of opec anymore when it comes to oil. yousef: coming up on the best of bloomberg markets middle east, we will talk more about the oil story in russia's role in making sure opec's plans to move prices actually work. this is bloomberg. ♪ ♪ yousef: welcome back to the best of uber markets middle east. russia has added its voice to the fact that outputs will be extended later this month. the prolongedled extensions are needing to train the global glut and reduce prices. our energy reporter has more. this will take time to filter into the price because we are very low now compared to how we have been with these cuts in place and a lot of the analysts we have spoke to inc. this price is too low and it will be coming back up. some of the analysts are targeting mid-50's, 60's toward the end of the year. it is interesting that opec and russia come out now or the

we are going to delve a little bit more. there is no change to the picture that japan's economic recovery lacks that strong driver despite expending for a fifth consecutive quarter. the longest run of gdp expansion in about a decade. let's take a look at other markets. it is a funny start to the trading week. large parts of global markets closed.the u.k. and u.s. are no real contenders. china and hong kong are closed. singapore and malaysia are coming online. let's take a look at the limited session. aporter: we are looking at mixed picture in asian equity markets so far. today, stocks in singapore and malaysia joining the fray, down for a third straight day. we have a third day of losses for the asx 200 and the nikkei 225. gainingve the kospi marginally, the best month since january 2012. we are getting warning signs the -- continue. taking a look at the currency space, the yuan snapping a four-day trade. aussie dollar continuing to fight the -- iron ore picture. taking a look at the commodities space, new york crude fighti

more jobs are more tasks.id you learn about what the technology industry doesn't understand about government, and vice versa? >> [laughter] yes, this was very much a washington meets california project, where i think the tech industry is often, let's ask forgiveness rather than permission. washington is much more, look, you have to think about the public interest as a whole. one of the most interesting interactions, for instance, was between union leaders and faith leaders and tech startup entrepreneurs, where the entrepreneurs were talking about this great technology, and others in the room were asking, yes, but what happens to the workers whose jobs will be lost? even if there are more jobs created overall, it won't be jobs for them. what do we do about that? and that is often political. emily: you work for secretary clinton at the state department, and many have said you would have a key post in the administration, had she won. the kind of impact do you think president trump will have on the future of jobs,

, to try more, to become more engaged, to come more days of the week and month so they become more engaged and things like our new podcast, the daily, things like our morning briefings are there to encourage people to think of this as a regular point of contact. >> as you see the shift away from print how is that saving you money? does it cost more money to deliver that addition as oppose ed to digital? >> there are very, very high distribution costs with print. >> so the conversion saves you -- >> i want to be clear. >> spend more to acquire customers? >> we don't. the heart of this, which is about journalism -- we have a very big newsroom and we're committed to our journalism, the costs are a fixed cost if you want to be at the "new york times." >> brett stevens, you brought him over from "the wall street journal." he was a never trumper there. you've had a few in the past. his first column where he acknowledged the climate change was real, which is big for a conservative. the response was devastating. many threatened to cancel subscriptions. have you seen that? >> we've seen a very smal

but it's become more and more concentrated.up there, and some -- so the shift has been taking place and essentially the great, great, great businesses have become businesses that don't take capital. and that really wasn't -- i mean the auto industry took a lot of capital. the aerospace industry took a lot of capital. the railroad industry. these are huge industries that affected america. i mean they changed our country. now you've got companies that have huge market values, changing the country, they don't take any money. >> those companies for the way for people who are listening on radio we did just show a short of or a full screen of it, apple, microsoft, amazon, google, and who am i leaving out -- >> facebook. >> and facebook and those are the five and alphabet obviously the parent company of google. that's -- that's a huge shift would you like berkshire's businesses to be more reflective of that sort of new paradigm? >> i'd love it. i just wasn't able to -- i got see's candy and i haven't had one since quite like that. we'

more.hile his supporters celebrate, the rest of the country is in shock at the outcome. many, like neslihan, an activist from istanbul, cannot -- do not believe the results. they are so incensed by claims of election fraud, they are no longer afraid of the longstanding government crackdown on critics and are taking to the streets to protest. reporter: outraged by their loss in the referendum approving more and sweeping powers for turkish president recep tayyip erdogan, protesters march in the streets of istanbul. they feel cheated. engineer neslihan karatas spontaneously joins the march. she can hardly believe the opposition lost. ms. karatas: i'm 28 years old. i've never done anything more sensible for democracy and freedom as i have in the past three months. i've hit the streets with friends. we've been informing people and campaigning for a "no." and we got so much encouragement. we're not going to accept this result. we're certain we won at least 55% of the votes. reporter: before the r

do more 24 is on june 8th. it's the region's largest giving day. in maryland, d.c. and virginia. and we do it -- this is our fifth year. we have raised over $5 million in five years. for the community non-profits. it's really to bring awareness to our region about people in need and the non-profits that need the support and dollars. >> we know you do this for maximum impact. explain how marshaling all of this these resources and giving on this one day makes a greater impact than donations given to the non-profits throughout the year. >> it creates a sense of urgency. people say, i will get around to it, i will donate. we try to put as much emphasize so people get excited and the we can raise moredollars for the non-profits. >> there are hundreds of them. >> last year we had over 700 participating non-profits. we like all non-profits to at least register, which is free, at domore24.org. if donors are watching nbc 4 and they see it's do more 24, they want to go into the system and hopefully find their favorite no

anthony has more.this will take time to filter into the price because we are very w w compared to how we have been with these cuts in place and a lot of the analysts we have spoken to say this price is too low and it will be coming back up. some of the analysts are targeting mid-50's, 60's toward the end of the year. it is interesting that opec and russia do come out now -- or the saudis and russians come out now saying they would like this extension, it shows they think they have not done enough yet to mop up that glut of crude in the market, the chart you showed shows we may have some difficulties ahead pricewise. it kind of gives light to what opec's been saying all along, they expect demand come back in the second half and prices to firm up in the second half. if they do go ahead to extend the cuts, it seems likely end to -- to extend the longer into 2018 and feels like they don't believe that anymore. shery: libya is back from those disruptions, pumping the most oil since october of 2014. how much

a more innovative dream. a more inclusive dream. all of you will preserve and enhance the promise of america. the promise that propelled me out of public housing. the promise that will propel you forward regardless of the color of your skin, your religion, your gender, your sexual orientation, or your station in life. >>> memorial day weekend is the unofficial kickoff to summer. in hollywood it kicks off the summer blockbuster season. julia boorstin tells us the flicks that tinseltown is betting on thi. >> reporter: the summer movie season is the most important for studios. generating over 40% of their annual revenue. >> raise that sword! >> reporter: it got off to a weak start with big-budget bomb "king arthur" and disappointing performance of the sixth "alien" film. universal's third "despicable me" and disney's "cars 3" are expected to be hits but that isn't always the case. >> usually it's the law of diminishing returns. what studios try to do is infuse these newer installments with new blood, whether it be actors or new points

thank you so much and to get more information about do more 24 log on to nbc washington.com and clickn community. and that's for your sunday viewpoint. i'm pat lawson muse. news 4 today is next. very customizable. you can choose the back, you can choose the arm, you can choose the leg. we couldn't be any happier. >>> news 4 today starts now. >>> a motel, a disturbance, and one man dead. right now on news 4 today, what police are piecing together from a violent overnight in silver spring. >>> disturbing discovery near a smithsonian museum. how d.c.'s mayor is calling for action an answers after a noose was found. >>> busy memorial day weekend from rolling thunder to tonight's big concert and all of your cookouts. when you should watch out for showers coming down. welcome you in on this sunday morning, 28th much may, 2017, i'm david culliver in for adam tuss. >> and i'm angie goff. ready to roll

global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. ♪ thanks, mark. we will have the latest from brussels, and you are looking at a working dinner now. the leaders are gathered together following speeches and the unveiling of the new headquarters and the unveiling of that portion of the berlin wall and the world trade center towers as well. leadersin, working nato currently underway. this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets. now live from the opec news seeerence, we have you can that is alexander novak speaking, but earlier someone said the nine-month extension commentsal. a few more , turkmenistan and egypt will join the deal, but they are working to institutionalize the non-opec countries in the future. perhaps they will join the meeting on the 30th in november. so we have a nine-month , and theyto cut cost say it is optimal. let's go back to donald trump and radel. his first visit to the nato headquarters. he called for nato to be more engaged in fighting global terrorism and s

more raids. more arrests.nd a picture emerging, says police chief ian hopkins, of the terror network they fear is behind the bombing. >> i want to reassure people that the arrests we have made are significant. >> reporter: more is emerging about the bomber, salman abedi. police think he stayed in this apartment building in the days before the attack after he had come back from libya, perhaps with instructions for isis. but they are furious that critical information they wanted to keep secret for as l a bomber's identity and the nature of the bomb's construction, gleaned from pieces of it found after the blast, have been leaked to u.s. news outlets, including to cbs news, after it was shared with u.s. security officials. manchester mayor andy burnham. >> it is wrong. it is arrogant. it is disrespectful to the people of greater manchester but mainly to the families who've lost loved ones and to those injured. >> reporter: prime minister theresa may promised to confront president trump with her country's outrage

gibraltar has had more attention than we have had, so had more attention than we have had, so it is vitaltal that we have a strong team of clyde comrie mps to advocate wales' national interests and to make sure the tories don't get away with an extreme brexit —— plaid cymru. theresa may isn'tjust pursuing brexit, she is pursuing a hard and extreme brexit. today in her manifesto she threatened again to walk away with no deal. that would be an economic catastrophe. that would cost in scotland alone 80,000 jobs. so my message to people in scotland, whether you voted to remain or leave, is the vote snp to strengthen our hand. the vote was to leave but leave can look very different. there was no clarity as to what it meant. that's why the green party believes you the general public should have the final say on that final package. if you like what you see, that's great, go for it. but we believe you should have the right to be able to look at the small print and decide if you don't like it then you should have the right to remain inside the eu.” wa nt to right to remain inside the eu.” want to

we're going charge you a lot more. we see that you delivered a child which can create health care problems, we're going to charge you more because you're a mother. we see that you had an episode of cancer. it's in remission. well, good news, but the odds of you getting it are higher than someone else, we're going to charge you more. because their goal is to make sure that those people who have preexisting conditions are not in their insurance pool because they will make more money. that is an assault -- an assault on the premise that everyone will be able to have affordable health care because those folks were told because you have this this -- this condition or that condition or that condition, we'll charge you more. the charges will be so high, and are intended to be so high, they won't be able to buy insurance so they won't be covered. that's part of the reason that c.b.o. has analyzed the fact that there will be 23 million more people without insurance come 2026 under trumpcare than under current law. you can think

he has been more scrimped -- scripted. stability more generally is welcome.ean part of the visit will be a bit more complicated. we have seen the optics of this admittedly long planned former president obama trip to germany and how that could trigger, given i think obama is that touch point always for president trump, that is who he is comparing himself to. so far, i think the trip is good. francine: president trump has looked presidential in his first foreign trip, does that give him a little more political capital at home to go through the reforms that he needs tax -- that he needs -- tax, health care? core of theis the global economy. we saw what happened when things go wrong in the u.s. it is important he succeeds. any sense of stability on the policy front would further reinforce this very positive environment we talked about earlier. about want to talk manchester and what you perceive. not only you, but your experts on the theology of the united kingdom. i was thunderstruck in the essay by trump advisor sebastian, he has been hugely controversial within

they're seeing it more and more often as solar panels grow in popularity.isks include electrocution. firefighters need to be careful before spraying water. solar panels take up valuable roof space where firefighters need to stand or use for ventilation. experts tell us a roof covered in heavy panels can also be more likely to collapse in a fire, sometimes preventing firefighters from going inside. >> they make the best decision they can at the time. and sometimes, in the worst case scenario, which is very rare, the right decision will be, back your people out and don't go inside and put the fire out. >> as things change, people and the way they operate have >> we found most departments in our area don't have a standard operating procedure or regular training protocol. coming up at 6:00, we'll show you a local tool that firefighters are testing that could ease the risks they face. >> i'm so glad you did that. because i imagine the people who installed the solar panels never think about that. >> it makes sense f you stop and think about it, but most people do

that is more or less the best estimate. there is not a reliable figure per sebecause there is not one specific place to track it. there are several studies that take a jab at this. but the most reliable one comes from the government from the department department immigration and custom enforcement. >> you went through deportation and the price tag attached to it. i want to show what you have in your stories and how you talked on the rest. $4800 for a person on average let's say. if you bleep a little bit about that figure and the process of where the mun oney goes to the. >> the apprehension cost has to to with how people are detained. this is one of the, i guess the second most expensive one, but from what we hear it has the potential to be the biggest expense moving forward. so this $4800 is from the studies looking at the amount that ice had to remove people and the number of people they e removed they notify i.c.e. whenever they have someone in custody. it is a transfer of custody. the cost comes from the local agencies

more on emmanuel macron.e front is global setting as he was sworn in as the youngest president at the age of 39. speaking at an elaborate ceremony, we look at the report. not since france had an emperor 200 years ago, as it had a leader this young. just 39 years old and inaugurated president today. emmanuel macron — he's got here thanks to self—confidence and some political good fortune. the disillusion that has fuelled populism elsewhere, has led france to back a newcomer but from the liberal centre. he only formed his political movement last year. his predecessor, francois hollande, leaves office as france's most unpopular leader of modern time but the task in front of mr macron is huge, if he's to bring about the renaissance he's pledged. translation: all labour laws will be liberalised, companies will be supported. innovation and creativity will be at the heart of my programme. the french feel left behind by globalisation and will be better protected. to achieve all that, mr macron needs a majority in par

but you have more innovation, more consumer choice, you have more freedom. but we don't have that. people obscure. >> rose: have we seen whether the republican model of more innovation works. >> we do sub is i died diez medical innovation for the rest of the world. the issue is how and what kind of innovation. because we are have historically just paid for whatever comes along and so we paid for even very minor improvements. on average innovation has been miraculous. but there is plenty of stuff, high cost that doesn't really do very much. and so the question is how do we move to a structure in which we're not just paying for more but paying for better, which is the only way to get the incentives for innovation correct. and we have been going down this path. the big risk at this point is that path has been lead by the government, by the centers for medicare and medicaid services that run medicare and medicaid, they've been moving that system away from just paying for quality peaceful and towards paying for value. actually we just conducted a survey of 300 in

they want to make it more of a competitor. he wants it to be more transparent. it would lead to the companies being more competitive and on the global market. is it is not by way of more regulations. but allowing for them to operate more on the global platform. he does not want this. he wants this to be global companies. and under the u.s. alliance we intend to resolve the north korean nuclear issues. it's not like we will be an everlasting friend to north korea. that's not what he wants to do. >> sure. he made some very important points. i think they are there in the platforms. the question that i think people here maybe are still asking themselves is it really going to happen? the answer really is we have got to hold him to his promises and his platform. if that happens we'll be on the right track. >> i think there has been some misunderstanding as well as to north korea supporting an opening of the complex. basically he is trying to say -- >> i think we have people around microphones. you can wait and wait until the person with the microphone comes. >> okay.

is this the beginning or much more to come? >> it would suggest a lot more to come.ral things that courtney was saying, that's something this cycle has come to bite even more and why is present equity so attractive to retail? it was considered to have cash flows. can you manage the downturns and the chain's real estate was considered to be a cushion. all those things worked against you. the top line is falling. i think an interesting thought experiment is, in the absence of amazon, is it just the fact that we are spending more on those experiences courtney mentioned also wireless phone bills, all the rest of it. how come we president no longer buying as much in the way of clothing, for example. >> clothing is 4% of the total sales, home depot, lowes, they're all going gang buster, courtney reagan, thank you very much. >>> a ceo on the earnings call, we will tell you what he said right after this. with e*trade you see things your way. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision

what's more important? >> certainly the distance between seats i think is the thing i would look at. also the size of the bathroom. and the size of the isles and the overhead luggage. i think it's creating a very tense and frustrating situation for passengers. >> mr. kirby, to support legislation that would determine the amount legroom in an airplane? >> no, sir. the reason is we want to offer customers choice. it costs the same to fight her plane -- fly in her fine regardless of family seats. >> choice with the cost. if you fly economy plus, you have to pay more. >> fares have come down dramatically. part of that is putting more seats in airplanes. some of the bills will not have that much affect on united because most are already compliant with minimums. with airlines you to be taking 10% to 20% of seats off the airplane. it would cost the exact same to fly the airplane. it is economically, if we go up 10% to 20%. one of the great things that happened for consumers is declining airfares. the bureau of tra

durable, more crash-worthy, stronger and also supposed to give you a more predictable, take a look here at this older 5,000 and 3,000 series rail cars pulling off from the tysons rail station. they are expected to be online here at the silver line in the coming weeks, june 25th, is when we are hearing about that. >>> how late do you let your little ones stay up? >> for many parents, it just depends. how to keep to a strict time and how it helps them later creating jobs foreaner, reliour veterans... helping those in need save money on their energy bills. it takes 16,000 dominion energy employees doing the job. and now, dominion energy is investing $15 billion to build and upgrade our electric and natural gas infrastructure... creating jobs now and for the future. across virginia, we're building an economy that works for everyone and dominion energy is helping power the companies that power our economy. >>> in news4 your health, taking a hard line when it comes to bed time will help your child get enough sleep during the week. researchers in canada found when parents enforced rather than

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that will generate more profits, higher incomes, more new businesses, more hiring, more everything by taking what is arguably from an economic point of view the biggest public health problem out. if we don't get a hold of the epidemic of the opioid epidemic and heroine and fentanyl and all that, it will be bigger. but right now have a long way to go to catch up to the aggregate impact of this. the concentrated impact of the opioid epidemic is worse because more people die quicker. but this is still a public health problem that affects the largest number of people and impairs the learning capacity. for example, the growth capacity of the largest number of our children. so, i came here more than anything else to say thanks. and to say i believe more strongly than i did 10 years ago that partnerships between diverse partners are still the best problem solvers. several years ago, a distinguished journalist wrote a book called "the wisdom of crowds" and he basically said you could fill this room with social science studies proving decision-makers -- diverse groups make better decisions tha

spending, more spending creates more demand? a -- an economy with more infrastructure will be more likely to see productivity shocks? >> the answer is yes. joe: thank you, sounds good. bloomberg columnist and former minneapolis fed president, thank you very much. this is bloomberg. ♪ ♪ ?oe: what you miss the numbers coming out of china, sliding a little bit. let's take a dive into the bloomberg, you can find the charts using the function at the bottom of the screen. i am taking a look at the chart put together by an economist. one big story of the reflation thing is how there was a positive impulse towards inflation coming out of china. prices were rising, that would reverberate around the world. more and more, pistorius -- the story is falling apart. the yellow line is rolling over. the other lines come from the two different pmi indices that came out last night, the blue line is the official one. the white line is the china chin pmi. pmi. it is a positive inflation story. it is decelerating a little bit. we can expect the offi

>> i think we'll have no more. >> no more. >> no more.nd of taking certain markets that we have today and trying to determine do you want bigger stores, which is bigger stores that are more theatrical, more of a draw, do you want smaller stores. i don't think we'll have significantly more than we have today. >> ed, thank you for coming in today. >> great. happy to be here. >> when we return, jim cramer live from the new york stock exchange. stay tuned. you're watching "squawk box" on cnbc. >>> welcome back to "squawk box." let's get straight down to the new york stock exchange. jim cramer joins us now. jim, snapchat. what's your take? >> all right. i'm not going to go to the total disaster route. i'm going to say i have to sit down with them and how to orchestrate a conference call. this was out of the chute for facebook. yes, they're paying themselves too much. yes, they didn't develop the daily average users i would have liked. i think the advertisers are going to be happy. we're back to where the thing was. do i think it's a buy, i wou

they can hire more accountants, more lawyers, they can adjust. it's really difficult for smaller companies to be able to do that. and so, i talked to a number of companies that will put in bids for something, but they don't hear an answer for a couple of years. how are they supposed to keep the doors open while they are waiting to get a response to the there?at they put in that's part of the reason i keep agility.n the idea of we have got to be faster. faster at making decisions, faster in developing and fielding new capabilities, and small, midsize companies will be crucial for that. mr. o'hanlon:john, red tie. chick feldmeyer, retired army consultant.ent what is your view of the president's directive as it affects buy americans and flowing the requirements down to the second and third tier, and can we expect to see anything in the ndaa for fy '18 along those lines? chair thornberry: just back to a detail, on my commercial off-the-shelf buy it on amazon business-to-business or some other portals, we leave in place the current requirements. soh a

news 24 hours a day power abouted by more than 2,600 analysts in more than 120 countries.on this morning. any number of ways to go. here's a great thoughtful op-ed on president reagan and president trump. this is from the always aliegeant francis wilkerson at bloomberg view and is a fabulous read, i'll put it out on twitter on makers and president reagan's takers. if you feel the wild hoard is coming any minute now, ryan's proposals like trump's taxpayer first budget, would get the job done. republicans are working to safeguard wealth from the tyranny of democratic masses to hold off the takers long enough to enabling the makers to gather and secure their just desserts. just a bit of an exceptionally thoughtful essay. greg gives us wisdom on takers and makers. where is the battle now in washington, who has the high ground, the takers are themakers? greg: the high ground may be among the pragmatists beginning to say look, we can't get tax reform this year the tradeoffs are enormous and maybe we focus on tax cuts and you'll hear more about that from an administration despera

we'll chat more.ase. >> no. >> are you crying. >> i just need one more [ laughter ] >> i don't even know. ♪ >>> straight ahead murder in manchester. we're learning new details about the suspected bomber behind that concert attack. britain's prime minister learn another could be coming. >> we'll a life report.

do you have time for one more. do you want to hear one more? one more?'all make so noise. you ready? ♪ yeah na, na, na, oh, my god. your body so sensational incredible ♪ ♪ na na na won't be long before it's time to go and i'm capable i wanna make you moan ♪ ♪ na na na hey come on over baby just a little closer baby hey ♪ ♪ come on over baby wanna make you scream and shout ♪ ♪ loud now hoooo louder now hoooo ♪ ♪ shout it out hoooo hey sound good to me ♪ ♪ and we can go all night hoooo one more time hoooo ♪ ♪ that's all right hoooo hey sound good to me ♪ ♪ na na na what you want what you want ♪ ♪ just let me know just let me know see i'mma sex you up act like you know ♪ ♪ professional i'm a scorpion na na na girl hold on girl hold on ♪ ♪ 'cause here we go 'cause here we go ♪ ♪ and i make you scream i make you beg for more ♪ ♪ na na na hey come on over baby ♪ ♪ just a little closer baby hey come on over baby wanna make you scream and shout ♪ ♪ loud now hooo louder now hooo shout it out hoooo hey ♪ ♪ sound good to me and we can go all night hoooo one more ti

global news story for hours a day powered by more than twice hundred journalists and analysts in morehan 120 countries. i'm emma chandra. this is bloomberg. mark: what a difference a week makes. oil set for its first weekly game. this is bloomberg. ♪ mark: live from london, i mark barton. vonnie: from new york, i vonnie quinn. this is "bloomberg markets." mark: oil heading for its first weekly advance in a month. u.s. crude inventories continue to shrink. there's consensus to extend supply cuts. joining us now is scott bauer. thanks for joining us. a week ago, we hit an intraday low of $43 in change. is it more likely we will head for that level or up toward $50? scott: i definitely see $45 before we see $50 again here. like you said, there's all this talk than a couple of weeks at the opec meeting that they are going to extend the cut. we have seen the story before. we have seen it play out before. it's a most like the little boy that cried wolf. until they actually do that, my guess is that the pressure is still to the downside here. even if they extend these cuts, we are seeing the

>> 30% or more.ed about 20% from the bottom, but the market is not recognizing, or comparing us if you look at discount. if you look at it, the average return of equity was something like 13% over a similar period. that they trade is a multiple of the book value. we trade today at .85% of book value and we have a liquid collection for underlying assets. we do not pay corporate level tax, we have advantages. >> ok. this is clearly why you think it is a good idea to list in london. what did you learn from valeant? >> i learned it can be very expensive. this is a strategy were historically we have a large stake in a company, joined the board of directors, and had kind of a yay or nay over the big decisions. we worked closely with the management team at valeant and it was a successful transaction. we made the mistake of making a passive investment in the company and not being on board we cannot see what was going on. that was a big mistake. >> does it mean you will stay away from pharmaceutical companies

we are able to get more details from them, which is great to have more of that balance.ank you very much indeed. keep us updated. checking on the business flash headlines, toshiba considering delaying the bidding process for its memory chip division. the nikkei news saying the deadline may be pushed back to next month or july. toshiba has been waiting for a bid that has been cut to a field of five groups. the government wants a homegrown did. $500e: softbank leading a million investment in improbable world and one of the largest vc deals in the u.k. in the last decade. virtualle world creates scenarios for gaming and massive scale simulation. and others ares also committing new funds. today despiteng the higher cost of fuel, imported oil, the cost will average $55 a barrel, up from $47.50 in the previous timeframe. tepco says it hopes to fire up a nuclear plant within two years. hong kong securities regulator is questioned the ownership structure of the city's dominant free to air broadcaster, saying tvb may be tycoony a chinese media rather than a hong kong resident as

pay more?e will start with john from glendale, arizona. line for republicans. caller: hello? people with pre-existing conditions should pay more -- i think the majority of those people with pre-existing conditions have made some poor diet,s in terms of their how they are taking care of themselves, whether they have .moked or drink alcohol the majority of those people with pre-existing conditions, they kind of made some poor choices. they should pay a little more. >> do you think people with pre-existing conditions should be gearing teed some form of coverage? teedr: they should begin some sort of coverage -- they should be guaranteed some sort of coverage. otherwise, it is not going to be popular. host: let's go to our lines for -- our line for democrats. caller: good morning. we are not going to have existing conditions in the plan. we'll be going back to the same insurance where they could charge whatever they want to. this has something to do with the plan which president trump has where the

more things can be done. i think we've see attacks outside these venues in paris at the soccer stadium, at the airports prior to security in belgium, we saw it at istanbul and these are all in recent last year or so. so and there's many others going back in history. so we look at that, and we say okay, what about pushing that perimeter security out even if it's lighter it has to be better. so what i would stay a guy walking across or lingering in front of the terminal there, in front of the box office ticket area, how long was he there? that's an important fact. i think all police officers and investigators want to know that. how long was he there? was he there 30 minutes, 20 minutes, 5 minutes? because that is an important fact. it may be you can help you defeat the next one. so bomb sniffing dogs outside that can walk up and you know, sniff people that are around there, sniff the area. a guy carrying a lot of explosives in a back pack, a bomb sniffing dog trained to do that, he can big that guy up right awa

no more mention of this being a clash of sterilisations. —— no more mention of this being a clash of. and the one phrase that he chided hillary clinton and barack obama for not using, radical islamic terrorism was not even mentioned. that was then. terrorism was not even mentioned. donald] trump is calling for a total and complete shutdown of muslims entering the united states. radical islam is coming to our shores. we have a radical islamic terrorism problem, folks. and this is now. terrorism problem, folks. donald trump has made a lot of friends with his visit and this speech. a lot of friends with his a more inclusive tone, a pledge of american help, combined with a strong attack on iran. exactly what his saudi hosts were hoping for. and this is what president trump wants to see more of, the new global centre for combating extremist ideology that the saudis have built. extremist ideology that and the clear message, this is a worldwide problem and requires a worldwide solution. this is a worldwide problem john sopel, bbc news, riyadh. this is a worldwide problem our security corres

we slb moving more and more people onto the system. it is really smart for them to move nouchlt we keep making it. this are going to. hopefullily the ens of the year. i have toerk bs abdomen people don't need to panic skbret. kwp. >> this is the in if a will little greks. >> it is kind of an easy ride onto transit riders. of the theft spreks huprotectio. it could be heartbreaking to not be able to get another one for free. this one we can turn off the card and you request get another one. >> fill us in ton the late ers. >> a lot of really great things coming, a lot of vehicle purr chases. so a lot of things that our customers are really going to be exsigh excited about. >> certainly it was rolled out last summer. what's the latest? >> very proud of our employees for how they found and located that situation and averted a major catastrophe. so give kudos to my employees for their role. the railroad is strong and healthy and running with positive train control. as far as i know we are the only ones running with that higher form or signal