hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. sfx: loud poorly played electric guitar that sounds awful but a lot better than last week ♪rock guitar music ♪we weren't born to follow whuuuuuat?rtgage offer from the bank today. you never just get one offer. go to lendingtree.com and shop multiple loan offers for free! free? yeah. could save thousands. you should probably buy me dinner. no. go to lendingtree.com for a new home loan or refinance. receive up to five free offers and choose the loan that's right for you. our average customer could lower their monthly bills by over three hundred dollars. go to lendingtree.com right now. maria: president trump meeting with fellow world leaders at the g20 up it in hamburg, germany. what can investors expect and how do you invest. mark mobius is with us. he morning markets ha

hello, mr. deets. every branch running like headquarters.tmaneuver. >> lou: president trump, keeping kim jong-un guessing on how the president will respond to north korea's provocations. president trump said if missile test and bad behavior continues he will consider all options. >> as far as north korea is concerned, i don't like to talk about what i have planned. the severe things we are thinking b. that doesn't mean we will do this them. i don't draw redlines. >> lou: on the strategies that the united states might use to counter north korea's nuclear ambitions. we'll talk to general jack keane. the president talking about severe options that he's comtemplating. are we at a point where almost anything said on the part of the president about how he might respond, is just basically worsening the problem? >> no, i don't think so. it is an escalation by north korea in developing the intercontinental ballistic missile. they advertised their intent to do and they did a portion of that test successfully and that is an escalation. and the presiden

hello, mr. deets. every branch running like headquarters.t's how you outmaneuver. >> lou: the white house warning syrian president bashar alassad that his regime will pay a heavy price if he carries out another chemical attack against his people this year. the administration detected prepriation at a syrian air base involved in a gas attack in april. join you us is retired four star general, jack keane. >> thank you. >> lou: this is the boldest by the president yet. >> yes, he absolutely means it. i am stunned at assad would consider using gas again. i think the president would not just take it from the air field from which it came, they have six operational air fields and all of their airplanes and helicopters. we could see all of that out in one night using cruise missiles. >>'ve>> lou: that would incrud russians. >> the russians repositioned their aircraft. and we would not want to kill them. we know which ones are russian and which ones are his. we would take out the fuel and ammunition and supplies, repair parts and all of that is aroun

hello, mr. deets. every branch running like headquarters.let's get to work. >> david and jason flip houses and they buy hopes and repair them and sell them. they are so good at it, the tv network picks them to star in a reality tv show. >> they told the twins. >> but then they learned that they spoke in a prayer rally where people criticize gay marriage. and the website called out david for saying this. >> we have a homosexuality agenda. >> the first question was are you antigay. >> you did say homosexuality and the agenda that is attacking the nation. that sounds like you hate gays. >> we don't. it is not hate to sigh sex should be in the confines of marriage as god defines it. they take our words kind of like what you did and say you hate gays. >> the tv network announced they fired the brother. >> we had taken roofs off of houses and a lot of money invested in the show. >> hgtv has the right to fire them. the first amendment applies to only on government but private business have only theirs. >> and every one of the victory is a victory f

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. ♪ i'm...er you want to do... ♪ ...is alright with me. ♪ ooo baby let's... ♪ ...let's stay together... kennedy: coming up, donna brazile announced she is writing a thriller about the 2016 election it's titled "hacks: the inside story of the break in ins that put donald trump in the white house." when she does the press tour, will they give her the questions ahead of time? joining me is "washington times" opinion editor and fox news contributor, charlie hurt. i saw you on the "outnumbered" couch this afternoon. and we had a great time. a couple of rally monkeys. charlie: healthcare, we got to the bottom of it and revealed all the secrets of the russian connection. kennedy: let me ask you about donna brazile. this is a woman you like. do you find her to be a straight shooter? she seems like a hack. charlie: what i always liked about her, unlike most democrats she seems to have some grounding in reality. and i think it' interesting she admitted her grievous sin of having passed debate questions to

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.rico is $120 billion in data will have to implement strong austerity measures to keep itself above water. deplorable conditions, scarcity of jobs the growing number of puerto ricans to move to the united states. fox news correspondent has the story. >> puerto rico is $120 billion in debt with the worst-case scenario some business leaders say has already arrived. >> we're approaching the cliffs on the problem of the puerto rican people don't get it. we don't get the fact that our foundation and is going to crumble. >> government spending has tripled the u.s. territories that in the past 17 years. effective bankruptcy has forced separate measures. 84 new taxes in 2017 alone/in health care, gutting education. some of the sharpest cuts are going to have puerto rico's university. and across the street, students barricaded behind the gates. college tuition will increase 200%. while 170 elementary schools are closed. for those who can leave the island and come to the u.s. is the u.s. citizens

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.sease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. kennedy: coming up, donna brazile announced she is writing a thriller about the 2016 election it's titled "hacks: the inside story of the break in ins that put donald trump in the white house." when she does the press tour, will they give her the questions ahead of time? joining me is "washington times" opinion editor and fox news contributor, charlie hurt. i saw you on the "outnumbered" couch this afternoon. and we had a great time. a couple of rally monkeys. charlie: healthcare, we got to the bottom of it and revealed all the secrets of the russian connection. kennedy: let me ask you about donna brazi

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.ent trump meeting with fellow world leaders at the g20 up it in hamburg, germany. what can investors expect and how do you invest. mark mobius is with us. he morning markets have been outperforming since the beginning of the year. mark: the two years before the beginning of last year, 2016, when had under performance. the he morning markets were not doing badly. but in comparison to the u.s., they were second class. since the beginning of last year, we are able to see top performance. many people realized they were under weight in the he morning markets. 40% of exports. 40% of imports, 40% of gdp. if you are not in emerging market you are not getting the growth potential. growth is 4% average. you have china and india growing at 6%, 7%. maria: i want to get your take on the u.s. the growth numbers out of china, 6-7 percent. how do you invest in china? china, india, brazil, argentina. tell us how you approach china. mark: wee a lot of the -- a lot of the big stocks in china are in hong

hello, mr. deets. every branch running like headquarters.ts translate to politics. he is a confidant and counselor to the commander in chief. i spoke with tom barrick about the bumpy beginnings of the trump. -- trump presidency. >> his focus is i am here to keep chipping away at the system. >> he is the uber of the president. he is the amazon of the president. >> and his belief that the administration will reward the business community's confidence. >> what he says when he cares only about aca

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hello, mr. deets. every branch running like headquarters.how you outmaneuver. >> we have been in an economy with low interest rates for some time. asset valuations are somewhat rich if you use some traditional metrics like earnings ratios. but i wouldn't try to comment on appropriate valuations and those ratios. maria: that was senate federal reserve chairman janet yellen saying low interest rates led to rich asset valuations. >> clearly sustained low inflation implies less uncertainty about the future and lower premiums imply higher prices of knocks and other earning assets. but how do we know when irrational exuberance have escalated asset values that become subject to unexpected and long contractions. maria: that very man joins me right now. former federal research chairman alan green span. you foresaw what was to occur in markets long before it happened when you said irrational exuberance. do you see similarities between today's market and what you saw in the late 90s? alan greenspan: there is no irrational exuberance that i can see. it'

hello, mr. deets. every branch running like headquarters.aneuver. >> welcome back. the class of 2018, well, they may not like this next one. a new report finding more than one in three americans think colleges and universities are having a negative impact on the country. that, as another recent survey finds almost half of americans want the president to forgive student loan debt. rich, are these proof that colleges are a bad investment? >> colleges aren't the automatic good investment they used to be. college costs have gone up three times the national income or the last 40 years, you've ranted appropriately about that yourself, elizabeth, and you have to be crafty how you're going to spend your money and spending a lot of money to overland to learn hate for western civilization is probably not a good return on investment. liz: and the reserve bank found because of rising tuition in student loan debt there's been a double digit decline for home ownership for memorials. isn't it a sign that colleges are hurting us more than they're helping us

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hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.rm. markets have done their best to shrug off the drama in d.c. but how dependent is this market on tax reform getting done this year? jim grant is with me today talking about all of the above. do markets need to see a tax reform package this year to continue this elevation that we have seen? jim: my colleague was saying -- we were talking about this great show, and evan said, who is talking about the border adjustment tax anymore? no 4th quarter conference call was complete in america without furious questions and answers about the border adjustment tax. maria: the president doesn't want it. paul ryan is holding on to it. jim: that's the answer to my question about whether fiscal policy counts most. it's something we talk about, but i'm not sure how important it is for the stock market. maria: earnings in the first quarter were up 15%. gym earnings are up, interest rates are down. maria: is that the fuel for the stock market right now? jim: i think to some degree what he can't know th

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.g] >> [indiscernible voices] >> this is colossus. ♪ >> it came to life here in england at bletchley park in 1943. the machine raced to decrypt german messages by analyzing thousands of words of coded text every second. with its mix of vacuum tubes, wires, and switches, colossus emerged as the first electronic programmable computer.

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> tom barrick has shown that his instincts translate to politics. he is a confidant and counselor to the commander in chief. i spoke with tom barrick about the bumpy beginnings of the trump. -- trump presidency. >> his focus is i am here to keep chipping away at the system. >> he is the uber of the president. he is the amazon of the president. >> and his belief that the administration will reward the business community's confidence. >> what he says when he cares only about america is driving global growth. >> just cut through the chase from your perspective and analysis. is there a method to the madness we are seeing in washington right now? >> no. [laughter] is there a method? no. first of all, the first year of any administration is chaos. if you look at reagan or clinton or obama, just finding the electrical outlets is difful this president coming from business, this camn, transition, governing -- governing is complicated. all of you have a p&l and a ba

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. the best of bloomberg markets middle east. it is a year since the failed coup in turkey. >> the failed coup attempt was a big shock for turkey, the turkish economy. turkish people. looking at how fast, how strong the recovery has been in every single sense suggests turkish people are resilient, the economy is resilient, and the fundamentals were strong. the economy is back on 5% growth trajectory. strongest. the we are experiencing a reshaped recovery. this year we will create significantly higher numbers of jobs, possibly one and a half million jobs created. politics is concerned, i believe turkish democracy is stronger because people stood up for their future, for the legitimate government, and i think if you look back, history will write turkish people have hown an amazing example of people who believe in their own future can prevent rogue elements within the army, disrupting democracy, destroying rule of law. we don't stop there. we have done a lot of reforms. we have improved civ

hello, mr. deets. every branch running like headquarters.outmaneuver. ♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. loupe lou a few thoughts now on what is a top priority for president trump. cracking down on illegal immigration, criminal illegal immigrants in sanctuary cities that harbor them. department of the homeland security secretary john kelly offered strong words for opponents of the president's policies and appropriates. he slammed law makers for choosing politics over public safety. >> dhs does not make the law and congress does. we enforce the laws passed by congress and i am offended when members threaten me and my officers to ignore the laws they make and i am sworn to uphold. >> lou: did you notice speaker ryan behind secretary kelly? of course, house republicans have been slow to act on immigration reform despiting kate's law and no sanctuary for crimin

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.lane at that the president support plane has just landed ahead of president trump so he should be landing any moment now. we've a brief meeting with the leader of poland. nikki haley gave an impassioned speech at the top she was the one who hastily called this emergency meeting she said we will not look exclusively at north korea. any country that chooses to do business with us a lot regime. we will not have patience for stalling or talking our way down to a watered-down resolution. she wants the strong resolution speaking out against the missile launch yesterday. foreman is to minutes to go before the closing bell rings. the auto parts makers hit by weak sales at least for one of them i think the others are getting swamped by that. >> do you remember this group. they were the ones hitting the all-time highs. it was 13 to 14 years. this group was a stellar group however we got the latest report and this is from the auto parts company. they have weak cop sales. they talked about the dif

hello, mr. deets. every branch running like headquarters.nor luther strange is joining us. the gop looks committed to going on recess and to hell with whatever they are doing on healthcare. >> i just can't believe it. i joined with a group of my colleagues. we are going to have a press could be forensic tomorrow. we need to day here until we get our work done. can you manage anybody else in the country taking four week off when they have business literally on fire and saying we'll come back later and check on it. lou: i can't manage anybody who has been in the senate for 34 years like mitch mcconnell since leading 2010ed the opposition to it. you have to be very worried about the quality of your leadership. >> i'm frustrated with the whole group for not coming to a resolution. we said we would repeal and replace if we just had control. when i cape here taking jeff sessions place, i thought this should be easy. but i looked around, and we don't have it. lou: the gop looked like gallon damn fools. you have peaker ryan leading the house, and th

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.m totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. >>> . maria: welcome back. good wednesday morning. thanks so much for joining us. i'm maria bartiromo, it is wednesday, july 12 top stories 7:30 a.m. on the east coast. a busy day in nation's capital president trump will travel to paris tonight, for bastille day celebrations meeting with kin president emmanuel macron the battle rages on capitol hill mictch mcconnell said will that i start of the lawmakers august recess to provide time for health care and tax reform more coming up this morning, chelsea clinton sued one author reading her riot act this morning over best-selling children's book, and betting big on golf how one company that is driving range into a swinging success remember this. >> -- ♪ ♪ ♪ ♪ . >> says sayonara to title of most watched youtube video we tell you which songs stole crown, checking action markets hig

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. is bloomberg markets. the expanding russia probe could set the stage for a clash between president donald trump and robert mueller, the investigation into his business dealings. it raises speculation that president could consider firing him. oust him would spark a justice department shakeup. cirilli whoin kevin is in new york today. looking at this from the outside, it seems extraordinary. is this a desperate attempt from the president? the exclusive yesterday we had, bloomberg reported the special counsel robert mueller will expand hit the scope of a -- the scope of his investigation into trump's business dealings comes in sharp contrast with what president trump told the times 24 hours earlier where he said he doesn't think a special counsel should do that. sources are telling you that essentially his legal team supporting the president is crafting a strategy to portray those investigating him as having severe conflicts of interest. this comes as the backdrop for with donaldhearings

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.lease how satellites are transforming space. all that is still ahead on bloomberg businessweek. oliver: we are back with bloomberg businessweek editor-in-chief megan murphy. india has been trying to find a way to win its people off of paper currency. >> this was the shock move by prime minister. he said it was a method to corruption. this is a country where 90% of consumer transactions were done with paper. the scramble to move both of these digital payments which are -- andys from atm's allows them to make this change when physical money is john from the system. >> there is a huge trust deficit when it comes to the digital world, there were to change it is cultural. they are afraid of pushback. >> i think we see this in india and other areas where -- when people start with mobile payments or digital payments, it becomes intrinsic to the community and they accepted and it moves forward and it becomes impartial. when you are trying to overhaul and change a culture into doing something d

hello, mr. deets. every branch running like headquarters.r. >> lou: good news tonight. house majority steve scalise is upgraded. he had deep tissue infection related to the bullet wounds. the congressman will require careful monitor. he was critically wounded nearly a month ago on june 14th. >>> senator majority leader mitch mcconnell raced to try get a new vote. it features 70 billion for states to create their own reforms. you want to bring everybody allow. health savings accounts to be used to pay premium and 45 billion to battle the opoid epidemic and can ability to buy cheaper plans and something that ted cruz is advocating. we are joined by ed rollins who served in three presidential mrgdzs and to the house republican leadership. are you not excited about it. >> no, rand paul gave the explanations. he is a no vote and i think to a certain extent as much time as they have had to work on the bill. it is not satisfactory and i don't know what they plan on doing at this point in time. >> lou: you think the members of the senate realize how

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.watching "bloomberg technology." rex tillerson has wrapped up his tour of the persian gulf, where he has been trying to mitigate the crisis between qatar and focusing onighbors, written documents to alleviate issues. theresa may's brexit draft law she unveiled today suffered furious backlash from scotland and wales. it will transfer british laws onto the statute book. but leaders of the scottish and welsh government says it failed to give them sufficient power theirocks the vote in national legislators. turkey has agreed to pay $2.5 billion to acquire russia's most advanced missile -- an about-face from a nato alliance that has angered turkey from the west. a will allow turkey to deploy missile system anywhere in the country. peaces jailed nobel liu xiaobo died from cancer. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. parenti.a this is bloomberg. it is just after 5:30 p.m. here in washington. already 7:30 a.m. friday here in

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. david: the "new york times" quietly corrected a report the left asserted that russia hacked the presidential elections. the talking points had been widely circulated during the campaign and even mentioned by hillary clinton at the final presidential debate. the "times" says now just four agencies made the assessment. for the latest on how the presidency is shaping up. we are joined by doug wead former assistants to george w. bush. has any president in history been treated by the press the way this one has? >> some have been treated very badly. but in modern times this is pretty bad. the public was up against l.b.j., there were riots in 140 cities. tricia nixon was spit on when she would walk a

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> lou: good evening, everybody. the national left wing media proving what a sorry lot most of them are. once again attacking president trump after he tweeted a response to mmess nbc left wingers including mi ka. they are hitting back at brenskis and the white house admopished them for ignoring health care and taxes and americans. >> our stock market is up, unemployment is up and jobs are back and isis is on the run and america is winning. you guys ignore the narrative. >> did you hear the grumbling and someone who wanted to talk about trols rather than substance. senate republicans racing to deliver on a issue that matter. they want to strike a deal on health care before the 4th of july recess. as of right now there is no break through mike emmanuel has the report. >> let me ask you, is it more important to cool my heels in my office or speak with constituents? >> reporter: fox news confirmed that majority leader mcconnell and rob portman had a testy repor

hello, mr. deets. every branch running like headquarters. ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com >> lou: in our on line poll, we asked do you believe that majority mccon and speaker ryan are capable of delivering a health care victory for president trump. 69 percent of you say no they are not. and the odds seem to be supporting your vote. we'll see how it unfolds. a good test will be the next 48 hours. a new thriller to tell you tonight. warning of an impending nuclear holocaust and it is entitled "and into the fire". congratulations on the book. bob gleson is my editor. snshg thank you. >> lou: you have written a number of the books which scare the dickens out of everybody. this one no less frightening and rooted in fundmental reality that is the world we live in. where are you headed in this one that you have nod already explored? give us a sense of wha

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.ority leader mitch mcconnell is already talking about a possible plan b on healthcare. mitch mcconnell saying in kentucky if my side is unable to agree on an adequate replacement, then some kind of action with regard to the private insurance market must occur, end quote. that sounds like leadership. president trump taking aim at former clinton campaign chair podesta he tweeted everyone is talking about why john podesta refused to give the dnc server to the f.b.i. and the cia. disgraceful. for more on the president's across-packed day at the g20 and the inaction by the senate leaders on healthcare and other issues, we are joined by fred barnes, and mollie hemingway. thank you both for being here. i have to say that i think the president has acquitted himself so well, mollie. i think it's wonderful that he will take on the likes of john podesta if he has a like from the summit, take on the left-wing media whether it's cnn or nbc and still be the leader of the free world. mollie: one thin

hello, mr. deets. every branch running like headquarters.♪ rishaad: there we go. statue square, 9:29 a.m. in hong kong. well, looking at what at the moment? premarket auction period up by .4%, adding to the massive dance we saw on the hang seng yesterday. initial jobless claims in the u.s., japanese producer prices in line with estimates. and ppi as well. yellen is front and center, two days of testimony to congress. she will get some tough questioning, particularly on the second day. i am rishaad salamat coming to you from bloomberg's asia headquarters. haidi: i am haidi lun in sydney. lot of extra spanners in the works ahead of that testimony. no doubt she will be asked about her potential placement. presidentaying trump's top choice is gary cohn, a controversial choice, if true. let's get over to sophie with the hong kong open. waiting to see what janet yellen has to say, but the open on the mainland in china and hong kong, chinese stocks up .1% after slight gains at the immediate open, so set for a second day of gains. the hang seng clim

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.g republican senators during this trip to france lobbying for their support for the healthcare bill. susan collins and rand paolo pose the legislation. moderate are asking for chance before they will agree to support the legislation. joining me to discuss, randy evans, along with ed rollins who served in three presidential administrations. political director of the reagan white house and a lot, lot more. he is the dean. let's start with you, ed. this fusion gps is a firm that keeps wobbling in and out of the attention of the national media as they report to be covering the russia story. >> i think they are up to no good. whenever you tart something like this you have to mike sure your story is 100% accurate. the issue is the donald trump, jr. meeting. who invited this woman. how did she get to the door. how did they bring this former intelligence officer here? because every day something else unravels. it's all about us. it hud be about the democrats, but it's not. it's all about our s

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver..m. in hong kong as we count down to the start of the trading day. what are we looking at here? theoc fix on the yuan strongest the since october 2016. boj starts its two-day meeting today. boe and ecb in the next. this background of a crackdown on wealth management products and shadow banking in china taking place as well. those of the things we are keeping tabs on. haidi: we are continuing to clampdown regulatory and the impact on financials, smaller banks exposed to these wealth management products now under scrutiny. it is a dollar weakness story. the dollar index falling to the weakest since august last year. shanghai, hong kong, shenzhen online. let's get it over to sophie. sophie: more losses for chinese stocks,'s sliding for a second day has concerns around the financial risk campaign rattling investors. politics is to protect investor interest in productive financial stability. the hang seng gaining .1%, extending a seven-day rally has hong kong stocks have become a refuge. we

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.ell is known for his ability to get senate republicans on the same page. but repealing and replacing obamacare is proving a challenge. he's under pressure for the lack of pressure and faced criticism from allies like rob portman, john mccain and lindsey graham. while republicans keep going back to the drawing board on healthcare, democrats are also in disarray. now a couple billionaires from the silicon valley want that party to reinvent themselves as the party of billionaires. a project called win the future where people can discuss and vote on issues important to them on twitter and let their congressional lead terse know what they think by but the putting up billboards in washington. which party is in greater dire straits. chris, let's start with healthcare. it looks like an absolute disaster on repeal and replace. is it that way in d.c.? chris: in part you good people in new york are at a disadvantage. people in the business community want to apply rational choice to the irrational

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.happy po learn president obama sent for his first formal political event. since leaving office, a democratic fundraiser in dc, on thursday. he wasn't very helpful during his 8 years as president, perhaps they are looking for a little payback. democratic senate seats fell from 55 to 46. the number of seats in the house, from 256 to 194 that is what call a bad 8 years on capitol hill for the democratic party. democratic governorships not doing well, from 28 to 16. let me repeat that, 28 to 16. it has a ring to it. democrats lost a staggering are you ready? state legislature, they lost 958 legislative seats across the country in the obama presidency. wow. no wonder they want to get hooked up and raise money quickly, they are bleeding, overall democrats last more than 1000 state and federal seats during the obama tenure. joining me now to assess the obama tenure, and "the hangover." and the dems effort tosubvert president trump and health care battle itself it looks before august recess. s

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. weatherman but i'm pretty sure hell is going to freeze over tonight. i say that because senate majority leader mitch mcconnell has delayed the start of the senate recess so the senators can put the need of the people first. he claims they will release their revised bill sometime tomorrow. mcconnell citing the mounting pressure on republicans to fix our healthcare system. he vowed to fight through obstructionist tactics by the democrats it's good news for voters but bad news for people going to the lindsey graham slip-in-slide party. joining me is a man who never slides, brian kilmeade. brian: you know why i don't slide? i wear cleats to work. kennedy: and it gives you an extra inch and a half of height. john mccain said the bill is dead. lindsey graham says he's got a new version he's going to polish off and work with democrats on. brian: we are going to get the details of the revised plan. and there will be another revised plan. kennedy: the cruz amendment. brian: opioid treatment wi

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.president trump tonight host a group of republican senators at white house talking about the revised healthcare bill. this week's vote, expected to be delayed after senator mccain's surgery to remove a blood clot. there is a report this mccain will be out at least a week. there are other reports he should be out longer, joining us to discuss the president's latest out reach to senate republicans to supports of healthcare legislation, is administration's effort to get his make america great message back on track. ed rollins, serving in their presidential administrations, chief political adviser as well as the house republican leadership, the dean himself, pulitzer prize winning columnist, michael. -- michael we start with you, health care bill putting this on mccain's health concerns, suggesting this is a very tight margin. >> the report said there are two no votes, that is is. republicans cannot afford to lose a third. mccain's vote presumably is the 50th vote. there may be others who

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.ed in a stalemate over the healthcare bill. but senator ted cruz submitted a plan to allow companies to sell cheaper policies to healthy people as long as they offer the complex plans for sick people that meet the requirements of obamacare. senate leader mitch mcconnell asked the congressional budget office to analyze the plan which is a sign lawmakers are strongly considering it. the cbo expects to have their analysis done by next week when congress returns from their july 4 recess. does it have legs? joining me to discuss it, "reason" magazine's editor. peter, if you get conservatives on board with it do you alienate centrists in the republican party? >> politically the cruz plan is an attempt to give something to both side of the aisle it says here, your concern is people with preexisting conditions will still be covered by obamacare plans that include the obamacare regulations. then it says here conservatives what you get is the addition of more plans that aren't bound by obamacare

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. the "best of bloomberg markets: middle east." i'm yousef gamal el-din. this week's marks a year since the failed coup in turkey. we set down with the deputy prime minister at the world's petroleum congress in istanbul, where he weighed in on the situation in a qatar. >> the failed coup attempt was a big shock for turkey, the turkish economy, the turkish people. but looking at how fast, how strong the recovery has been in every single sense suggests that the turkish people are resilient, the economy is resilient, and i think the fundamentals were strong. let me give you perspective. the economy is back on 5% growth trajectory, which is very strong. it is one of the strongest growth among these countries. we are experiencing a reshaped recovery. a very strong recovery. this will create significantly higher numbers of jobs, possibly one and a half million jobs could be created. this is good news. as far as politics is concerned, of course i believe that turkish democracy is stronger beca

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.t trump faces questions about the meeting his son had with a russian attorney. the president's lawyer, jay sekulow has been echoing that sentiment since news of the meeting broke. sekulow questioned the secret service's role in the scandal. >> i wonder why did the secret service allow these people in if this was nefarious? dagen: but the secret service said donald trump, jr. was not a protectee in june of 2016 so we would not have screened anyone was meeting with at that time. some of this is self-manufactured. >> it's a happy day for me because i started it filling in for maria. and finishing with you. this is very much self-manufactured. i know jay sekulow. and i respect him. but he did commit a couple of cardinal seasons for a lawyer. they are forgivable. don't address something you don't know the exacts on. you will cause the secret service to reject what you said. and don't always assume everything your client says is correct or consistent with the law just because your client say

hello, mr. deets. every branch running like headquarters.w you outmaneuver. >> i'm alisa parenti in washington and you are watching cboomberg technology." the has released scores for the senate straight obamacare repeal bill. the nonpartisan offices the number of uninsured will increase to 27 million by 2020 and 32 million by 2026. it also says the bill will reduce deficits by $473 billion by 2026. the russian lawyer at the center of controversy over the meeting with trump jr. is offering to testify in the senate. she said she is ready to clarify the situation. the trump meeting at trump tower was reportedly set up to provide incriminating information on hillary clinton. appealspm theresa may to ministers to stop plotting against her and each other. labor leader jeremy corbyn is looking to exploit the divide. corbyn says he sees a cabinet "ccurring and back let -- bickering and backlighting." the head of the french military has quit in a dispute over defense spending. president macron shot back at a reception saying "i am your ."ief the turk

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. dupris. the left wing national media attacking donald trump, jr. utterly unfairly without a sense of perspective or proportion. and using it to if you will rationalize their own aversion to the issues that do matter like the hillary clinton foundation investigation that isn't undergoing. the robert mueller investigation that isn't under way, the investigation of him as special counsel. of james comey, the direc -- di. leaked material. and the list goes on. instead the national left-wing media is subject morning itself in trifle at an -- in trivialita lack of consequence. >> the last 48 hours they have given a lot of ammunition to opponents of the media. at the end of the day what has happened to me at least doesn't establish evidence that any sort of crime was committed. but it does call into question why on this meeting occurred. when i saw the news break i thought what didn't they have a campaign structure in place that would have prevented donald jr. from going to meet with his rus

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver., gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: 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) lou: a chinese-american accused of spying by the iranian government has been sentenced to 10 years in jail. the princeton graduate student work on his documentary in august of last year. the deadline to insure iran is come blieght nuclear deal. we have been wait

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.berg world headquarters in new york and london i am vonnie quinn. mark: i am mark barton. this is bloomberg markets. let's check in on first word news. emma chandra has more. emma the united nations security council: holds an emergency meeting today. secretary of state rex tillerson called the launch a new escalation of a threat to the u.s. u.s. and south korean forces testfired antimissile weapons off south korea's east coast. president trump is on his way to poland. later this week, he has the g-20 in germany, where he will meet the russian president. analysts are concerned about the meeting. they are worried it could create a mismatch, a former soviet spymaster against a leader in new to global affairs. that decision was made by five countries investigating the disaster. malaysia flight was on its way from amsterdam when it was shot down in 2014. there are no suspects so far. the state of illinois is one step closer to ending its record budget impact. the state senate overwrote the

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. i asked how much money has the federal government seized in assets in the last 10 years. the answer, $28 billion. and that's apparently not enough for attorney general jeff sessions who yesterday doubled down on his push to give police officers more flexibility with asset forfeiture. >> we hope to issue a new directive on asset for if i tiewrs, especially forfeiture of ill-gotten gains from drug dealers. we plan to develop policies to increase forfeitures. kennedy: that's just great, the top law enforcement official in america wants to give cops more freedom to seize your property just because they suspect you of a crime. all the cop needs is a hunch. it sounds pretty bad. let me ask john stossel how bad it is. john: it's bad if you are innocent and they take your car or the money you saved all your life and you are moving it somewhere, and it would cost you $20,000 to sue them to get it back and take five years if they just steal from people. it's probably popular because most of of

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.rk and london, i'm nejra cehic. vonnie: i'm vonnie quinn. this is bloomberg markets. we are awaiting weekly oil inventories in the united states. surveys are calling for a drawdown of 3.5 million barrels. they haven't exact leak called it right. let's get to abigail doolittle for the headlines. >> the drawdown is bigger than expected. coming in at 4.7 million barrels. relative to gasoline inventories also closely watched well below the expectation. told me weedlander better see a draw and we are seeing a bigger draw than expected. this is not having much of an impact on the price of oil yet. this is an intraday chart. this is not oil. here we actually see the spike higher much bigger draw down in oil than expected. a very bullish read. more than 1%. oil well above the $45 marker. we have another great chart in -- weoomberg that shows have seen these big drawdowns week after week and another one this week and it is helping the price of oil more than 1%. about $47 a barrel now. every day

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hello, mr. deets. every branch running like headquarters.ver. ♪ west kowloon on the other , nine: victoria harbour 20 9 a.m. in hong kong as we count you down to the start of the trading day. yellen,forward to janet one eye on what she has to say in her semi annual testimony to congress. sessiona meandering when it came to wall street over night and how that is playing out in the asian pacific. the earnings season kicking things off in the u.s., emirati suggesting coming in at consensus. saying the rba cannot do anything and they don't see a rate hike coming through until 2018. take a look at business conditions, continuing to be expectations, june coming through at 15, accelerating from 12 the previous month. business confidence at nine, also picking up comes a positive and hitting another multiyear high when it comes to business conditions with most industries performing well. stronger trading conditions in terms of sales, profitability driving improvement, conditions study. month on month for may at 1% homeland data -- home loan data comi

hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.this is the new new york.e? think again. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. that's why at comcast we're continuing to make4/7. our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. kennedy: hi. so good to see you. donald trump, jr. said he would be happy to testify on the famous email chain concerning a meeting he had with a russian lawyer it appears he's going to