was in moskow. i treat president trump with utmost respect, but back then when he was a private individual, a businessman nobody told me he was in moskow. >> that needs to be fact checked. but putin knows exactly what he's doing there. but tonight chris wallace of fox news and he doesn't have anything on the president and at the same time managing to sneak in an insult. >> translator: we don't have anything on them. there can't be anything on them. i don't want to insult president trump when i say this, and i may come as rude. but before he announced that he will run for presidency he was of no interest for us. >> vladimir putin out-foxing president trump at every turn. and remember putin is the man who supports bashar al assad's bloody regime, annexed crimea, in ukraine and has been blamed for a british chemical weapons attack. you have to ask yourself why. in the wake of all of this you've also got to wonder what trump and putin said to each other behind closed doors. but one thing is for sure. wh

this time it would be a visit to moskow. our senior national correspondent sam kylie joins me with more. what else do we know about what putin said? >> reporter: well, he was very interesting in answer to a question from a russian journalist in the brits meeting in johannesburg. he said he was always keeping his campaign promises, and one of those campaign promises was to improve relations with russia. he said that he had extended and implied after the helsinki meeting, an invitation to the u.s. president to a summit in moskow and repeated his assertion that he was prepared to go to washington but there was a bundle of preparation that would be needed before such a meeting could be held. and also reiterating the russian position that there'll be opportunities for further meetings between now and a future summit, for example, in the fringes of the g-20 and other international quorum. so putin here is very much maintaining the warmth of that relationship and the position they're enthusiastic about a future sum. keen in particu

senators spends the fourth of july in moskow. critics question the intent and the poptics of this unusual holiday visitch. >>> and new numbers on just how many migrant children are spending another night separated from their parents. what the trump administration says it's doing now to bring families back together. "the 11th hour" just getting started on a thursday night. (vo) why are subaru outback owners always smiling? because they've chosen the industry leader. subaru outback holds its value better than any other vehicle in its class, according to alg. better than rav4. better than grand cherokee. better than edge. make every adventure a happy one with subaru outback. get 0% apr financing on the 2018 subaru outback. so let's promote our summer travel deal on choicehotels.com like this. surfs up. earn a $50 gift card when you stay just twice this summer. or, badda book. badda boom. book now at choicehotels.com does it look like i'm done? shouldn' [ mockingly ] "shouldn't you be at work?" todd. hold on. [ engine revs ] arcade g

senators spends the fourth of july in moskow. critics question the intent and the poptics of this unusual holiday visitch. >>> and new numbers on just how many migrant children are spending another night separated from their parents. what the trump administration says it's doing now to bring families back together. "the 11th hour" just getting started on a thursday night. we all want to know about the new thing. you know, the new, new thing. with xfinity's retail stores, you can now see the latest. want to test drive the latest devices? be our guest. want to save on mobile? just ask. want to demo the latest innovations and technology? do it here. come see how we're making things simple, easy, and awesome. plus come in today and ask about xfinity mobile, a new kind of network designed to save you money. visit your local xfinity store today. >>> i'm meeting with president putin next week. now they're saying with putin, well, putin is highly prepared. and trump, will he be prepare ed for the meeting, trust me, we'll do just fine. an

twice maria butina says she was denied and then the nra came to moskow.in hosted a gun conference and charmed nra board member david keen and his associate paul erikson. by april 14, visa in hand butina was an her way to indianapolis and snapped a pic with wain lupier. her relationship with erikson quickly turned romantic, whether he was duped by his young lover who used him for political connections or wittingly lured him into a spy operation to influence politics ahead of the 2016 election is unclear. an unlikely match erikson is nearly twice butina's age. >> if you want power, show up and work for them. >> after growing up in south dakota and graduating from yale, he now works for -- erikson also launched investment schemes and faced lawsuits because of them. he's currently under investigation for fraud by the u.s. attorney's office in south dakota. butina's upbringing, starkly different. >> for such places like siberia, this is a question of survival. everyone has a gun. >> after graduating and dabbling in the furniture business, she set off to moscow

that's not the same in moskow. >> it is not indeed.e talked about you hope there's a deep agenda for the checkers lunch tomorrow, but what about the agenda for the meeting with president putin? we haven't really seen an agenda. you've heard what he's been saying about russia in the days and weeks and even including suggesting he might accept the annexation of crimea, might call a halt or suspension to some joint nato military exercises. what do you make of that? >> i don't know what that conversation is going to be. what i would say is this, we know russia has been engaged in a lot of really unacceptable activities in crimea, in ukraine, in this country. somebody died last week because of a novichok incident and of course people in the united states as well. so i hope when president trump talks to president putin he doesn't forget that. i agree it's acceptable for the president of the u.s. and president of russia to meet and have dialogue. that's much better than there not being dialogue. but i do think president trump needs to bear in

saying when trump was in moskow according to putin putin had no idea he say there back in 2013 now that he's president putin says he has the utmost respect for the president. we'll see how the white house handles the political fall out when they goat home. >> that's just where i wanted to go i was wondering if secretary of state pompeo or sarah huckabee sanders or john bolton who are traveling with the president sat down with you guys, spoke to you guys, tried to massage that message at all did you hear anything from any of the members of interest the administration >> no, we didn't and they were bundened into the security zone pretty quickly and i did have one exchange to one house official today who said to me, look, the president has been very consistent here. this is what he said publicly and privately. and as for the negative reaction we've seen in that hour since the press conference the press official saying the press is just going nuts as predicted at the white house i think the initial instinct here is to blame the media and say that's just pundits being pundits we've seen some

he'll be joining us from moskow. after he finishes touring the game, and he might have a preview for us for england's game tomorrow. let's check in on the markets right now. it's been a very positive session. pretty much near the highs at the moment we're up 1% on the s&p, and that's up a full 1.3%. the dow is up 0.5% the low for the dow was 74 points, and we're up at the moment 130 the high was 160 points. so a positive session. >> we've climbed throughout. let's get to steve liesman he's got details on another strong jobs report >> you heard all that talk about trade wars at the top of the show the trade wars has taken a back seat to the jobs report. payrolls up 213,000, against a forecast of 195. so better than expected. and add back another 40,000 jobs from april to may. and average hourly wamgs were moderate at 0.2% a year. 2010 every time the unemployment has ticked up, it's come back down when people enter the work force initially without a job and they find one before too long put it all together and jp morga

this time it would be a visit to moskow.onal correspondent sam kylie joins me with more. what else do we know about what putin said? >> reporter: well, he was very interesting in answer to a question from a russian journalist in the brits meeting in johannesburg. he said he was always keeping his campaign promises, and one of those campaign promises was to improve relations with russia. he said that he had extended and

what does he know about the transactions with russia, a new trump tower in moskow, and seder brought ukrainian peace plans to michael flynn. there's always these moments in which michael cohen is intersecting around the mueller issue. and that's part of what mueller is looking at, trump's inner circle intersecting with russians or russian cut outs who influenced the outcome of the 2016 campaign. >> that's the bigger picture thing that's been hanging here because michael cohen gave his interview to abc, hires lanny davis. there's been a sense he's trying to convey a message to donald trump. one of the sort of guessing games is who's trying to send the message to who here? is this another example of cohen trying to send a message to trump? is this a message trump is his team are trying to send to cohen 234. >> i'm sure we can ask mike schmidt about it, but we don't want to give anything away. if the source is michael cohen and his lawyers it says one thing. if it's rudy giuliani or the president and his attorneys it says another. i think you could see it as a warning shot or a cry for

cohen playing a key role to those attempts to build the trump tower in moskow and alleged of trying toged back channel to ukraine. now there's this news breaking today. mueller looking subpoena the so-called manhattan madam, kristen davis. you may remember her from the l.a. spitser prostitution scandal the governor of new york brought down in 2008. she told nbc today she doesn't have anything on russian collusion and says this all out of the blue and also quote very upsetting. i'm joined by a former federal prosecutor and kim whaly. thanks to both of you. what would mueller be looking from here with mr. davis? >> they had connections with the russian hacker with the most recent indictments against russian operatives. if she had a close relationship to mr. stone then it would make sense he would want to talk to her, to confirm or deny the other piece of information that they have. i was also in the white water investigation. it was interesting, a much smaller thing than what we're seeing right now. but what happens behind the scenes is very, very different than what's public. >> and how

think we're all in agreement here the platform has this ins tunova business i was at the final in moskow arguably some of the malsestersf the universe or influential people of the world. and i looked around and i said what brand or product or service is most present here it wasn't coca-cola, it was instagram. literally every person under theagy of 40 had their instagram app. when you think about their targeting ability, the decline of thea advertising, and it's a super business nova model and i don't see it slowing down. by the way, i'm not a fan of facebook i think this is punishment for half measures and weak leadership and the market had some pent-up fury that they unleashed last night on facebook >> scott, do you put yourself in the world cup final of the masters of the universe or a real soccer fan? >> soccer fan. a 10-year-old who plays goalie in del ray ac, i was there on one of those lifetime trips. >> back to the punishment you mentioned from investors, was it also a punishment from consumer snz particularly wh and cou and could you extrapolate that? because of the likes of gdp

embassy in moskow for many years that we didn't know about. that's a handball right there. i think graham is right. >> i wouldn't allow that >> or air force one for that matter >> no way. >> the political fire storm is going to get big very, very much bigger than it has been notover the soccer ball but the optics and some of the statements in that press conference today >> all right, thanks for watching power lunch, everybody. >> "closing bell" starts right now. >>> it's time for "the closing bell." i'm wilfred frost. banks are bouncing back today. coming up a live and exclusive here at the new york stock exchange the ceo of citigroup >>> and the world watching as vladimir putin and donald trump hold a historic summit here. i'll have a full round up of the momentous meeting just ahead >>> in los angeles, we're just one hour away from netflix earnings and with the stock up over 100% year to date the street has sky high expectations i'll tell you the most important number to watch. >>> i'm kate roger

mood, karen moskow, bloomberg daybreak. stay with us.rg. ♪ guy: guy johnson in new york. francine has the day off today. angela merkel has halted the immediate threat of a government breakup in germany. she has crafted a plan to tighten migration to these are bavarian sister party. european countries are said to be at the breaking point over the lack of clarity for brexit. oneeting designed to decide the blueprint for the future was chip of the eu. betweenationship britain and the eu. ck holdings has agreed to buy out its partner. jen acquiring commerzbank's business. mobile blocked china market.tering its to raise rates towards the end of the year. frenchith us is simon and gorman. is it time that we see the expression raising rates? it has been in lockstep with the ecb. >> i think the strength or burgeoning strength on inflation suggests there should be a tightening trajectory to the monetary policy. i take issue with what some of riksbanke isthe likely to be implemented. an economy like sweden with such with thenks eurozone area to ou

first, bloomberg daybreak, bob moon, karen moskow.♪ nejra: japan and the eu signing a trade agreement in tokyo today. let's talk trade with charles dumas and david riley. what a great day to have you with us, gentlemen. our deals like this enough to offset u.s. protectionism? no, certainly not. it is a convenient thing for the japan and eu to have an agreement to regularize trade, but it is not as if they were not trading to start with. the problem with japanese fromts are not arising protection anywhere else. the eu is in a huge surplus. tora: when you look ahead august 30, which is when we might get the latest round of tariffs imposed, the you sit on the sidelines? do you try to act tactically? david: i think you need to have some cost you -- caution. i think the fears around trade are well-founded. i think it is more likely than not we get an additional escalation with more tariffs imposed on china. autos, whichds to points the direction of europe, then we're looking at a potential of a global trade war. onary, pushingi prices up a

we have bob moon and karen moskow. they do it on bloomberg daybreak.orgeousity of new york. bloomberg daybreak. ♪ francine: this is "bloomberg surveillance." tom and francine from new york and zurich. we traduced the leadership -- introduced the leadership of credit suisse. they are suggesting some reason to stick with the bank through the end of its three-year restructuring. i spoke with the company's president and asked about global markets. >> markets are trading at to the upside. and muchh more stable more critical and growing nicely. the globalrb markets. when i go to new york and elsewhere, i say it is good that we can grow. 17%, that is good for trading activity to grow 17%. we can grow with support. is our important result restructuring unit. of 2018hit our end targets. we said we would close it down when we had 40 billion leverage. we are at 39 billion of leverage. the results were done with the restructuring. there is no question we could get to that point at the end of the year early. it will stop laying on our results. francine: what about

robert known, karen moskow. this is bloomberg. ♪ belfast,many faces in northern ireland.the turmoil of july 1922 the bombings of world war ii and the tension between ireland, northern ireland, and the united kingdom. prime minister may to speak in northern ireland. we will touch in on that conversation in a bit. nejra cehic in london. i'm tom keene in new york. with us is viraj patel with ing. this shows us the second derivative on pacific rim weakness. pacific rim currencies as shown by adxy, a bundle currencies without japan. it has some acceleration and some velocity. it is amazing the weakness in pacific rim, down to standard deviations plus. what does it mean? viraj: the source of the risk of that move is the weakness in the yuan. by extension, when we look at the catalyst for this move in the chinese yuan, it is all done for the trade war. downside risk for the chinese economy and pboc easing, that just exports deflation across asia, and you see the rest of the currency complex in asia matching that move. tom: here is the joy. take the same chair. it is a little ugl

i think thirdly, we would really like for the president to press the soviets when he is in moskow toened to my dad because the soviets are the ones that released press photos of him saying captured b-29 pilot was now prisoner of war. so we know they have information and that they're not revealing it. they're not fessing up to it. we would like for him to press in those three areas. ainsley: what was your dad like? , you knew him, right? how old were you when you were fighting in that war? >> last time i saw him was four years nine months old. i knew him well. he was a big man, tall. he was a a. he would teach me how to shoot tin cans and stuff. i have fond memories of my dad. >> i hate you didn't get to know him after the first four years of your life. but thank you so much for your sacrifice. do you know how many, how many families are we talking about that aren't sure what happened to their loved ones? >> thousands. i think there is 2500 that we are really, well there is over 8,000 weren't accounted for, but there is 2500 i think or more that think that, that their loved ones were