ou can bet you will be feeling over 100 degrees for some ofyou >>> you're watching news 4 today. >> welcome back. it's 4:14. this morning, a powerful wildfire in northernrn cali has spread to 22,000 acres. you can see it in the yolo county area outside of sacramento. started saturday afternoon. strong winds, high temperatures and low humidi allowed that fire to spread quickly. so far, no one has been hurt. >>> rescue crews are racing the clak clock in a desperate search to find a soccer team and coaches in thailand. the boys have en missing for over a week, apparently stuck after parts of the cavee flo >>> the wait is over. king james is heading west. last night, it was announced that lebron i james leaving cleveland. this time, joining the l.a. lakers. he signed a four-year, $153 aaron.n deal, the reaction was fast on social media, with manyri celes in l.a. welcoming james to the team. the cavs owner thanked james for all of his years with the team. so far, no jersey inla cleve. cleveland has to be excited cause he did give his all for those years. >> he did. > a new team means new teammat

welcome all ofyou. andrew and keena,there's a new thing going on, a new relationship between your departments. andrew, tell us about how this came together. >> actually it came together amo littl than a year ago. the mayor was speaking about her new initiative which is inclusive prosperity in the district of columbia, having thy prospe reach all residents including those with disabilities and at that time she turned to us and asked, i understand your work is helpingi people disabilities get employment, how well is the district government doing as ana employe what steps can we take to improve that? and from that we established a partnership with the d.c.uman resources so we could improve in our hiring ourselves of people with disabilities. >> you're doing more to bring people with disabilities into the d.c. government workforce >> yes. >> tell us some of the new strategies and tell uswhat your focus is. >> we're really excited. we hired a disability employment specialist and her focus is t increase our r

the message the medical examiner has for all ofyou. >>> wild weather hits the midwest.s of tornadoes across the plains, knocking down homes and se trucks flying. a look at the damage, next. m>> breaking this morning, a powerful storm sys hits the midwest, leaving miles of destruction in its wake. >> is ity? coming this >>> plus, an updated death toll from investigators looking into that missouri boat accident. this, as the search for survivors carries into daybreak. >>> and transportation turmoil. a major metro route closing for weeks. what it means for your commute and what you need to get around. >> "newsy" 4 to begins with breaking news. >> that breaking news, d.c. police investigating an overnight deadly shooting in northeast. it's about two blocks away from rhode land avenueetro station. we'll have a live report in a few minutes. good morning, everyone. it's 6:00 a.m. i'm eun yang. >> i'm aaron lcist. we'll begin with a look at your commute and thee orecast. >> ware standing by with first 4 traffic. but we start with meteorologists chuck bell anden s parveen. what

ofyou look at the history the disruptive technology, the taxicab unions did not like uber and lyft. succeeded inave keeping it out or regulated it so taxicabs are the same as the right sharing apps. ng apps.hari the hotel workers unions, have not heard anything about that. we have the capability to do this that it will not be done is a little bit of a long shot. you could say, here are all productive technologies that we have, but we will not use them because we have certain unions that say they don't want them and it is bad for our people. marxist, but the fight between capital and labor, capital wins every time. in the long run, capital is undefeated. >> and technological innovation. it is hard to deny what technology can do. i thought i heard a question. christine --t up you brought up, christine, google's relationship with the defense department. is this something we should be concerned about? could we explore what is happening there and the marriage of big tech and big government? no.es and one of the interesting things -- a lott contract is of these issues showed that silicon

ofyou look at the pattern after hours trading, the disappointing headline figures, not that disappointinglly. i think it was more a case of expectations getting ahead of themselves. this is where i see the problem, the company is guided in the medium term for margins to be in the mid 30's. they are currently at 44%. i think that's where the real problems have occurred. is it just there -- just that their moment of glory is being challenged? is key facebook for now. withook has a problem artificial intelligence. they talk about it all the time, they are not very good at it. as a result of that, they will hire humans like crazy to do the jobs that machines cannot do very well, which is scan all the data they are collecting. humans are expensive compared to machines, and that's what the problems are with margins going forward. until facebook gets its ai under control, you have seen peak facebook. humans, theypesky cost money, they are hard to manage, they are emotional. this, this is the analyst recommendations. they are not very on the ball, are they? >> i would be inclined to agree. with t

e [ laughter ] your defense is that you meant to say the opposite ofyou said.'s like papa john claimi that he meant to say "whitey." [ laughter ] [ audience ohs ] that's right. president trump claims that he meant to say "i don't see any reason why it wouldn't be russia" who meddled in our election. and melania is now saying atat heir wedding she meant to say "i don't." [ laughter ] [ cheers and applause ]p president trid today that he misspoke during a summit with vladimir putin, blaming the confusion on a double negative, and trump's an expert on double negaves because he made one. [ audience oohla] hter and applause ] after president trump's press conference with russian resident vladimir putin yesterday, a houublican said, quote, "the ghost of reagan is probably mad as hell." while the ost of trump is probably slimer. [ laughter ] during an interview with vl imir putin yesterday, fox news host chris wallace tried to ve putin a copy of the indictments of 12 russian nationals for meddling in the election. and then putin tried to get wallace to "smell this clo

ofyou look at the history u.s. congress -- now is not the time for new sanctions. a postingcongress, shins approach. -- pro sanctions approach. stations are not strategy. you are a tool that can be used to lament strategy -- they are eight tool that can be used to -- are a tool to taht can be implement strategy. there is a reason to be concerned sanctions pressure on north korea is slipping. indicators thehe movement between chinese north korea border. tourism is increasing in north korea. some of thisors like is due to the rhetoric of president trump. when the u.s. president says the north korean threat is over, we do not need to engage in maximum pressure, most of us know the threat is not over, we still need sentience pressure. -- need sanctions pressure. nance ineso other parts of the world. -- when you are talking about a port with a north korean origin, you have any version of sanctions. it is people who they do not think they need to implement the u.s. and un measures. congress can play a constructive role in sanctions enforcement. the second congressional s

equipped battle hardened brigades ofyou had your -- of your trips and then to say that we're returning them on u.s. aircraft and realize that the blips are u.s. aircraft returning the georgian military to their capital and what happened? the russians stopped and so putten depends upon strength and if president trump displays weakness or anything, then vladimir putin will take that into consideration and show strength then vlad mer putun takes that into consideration as well and it will be better if he were to view president trump as a strong, effective leader who is not going to take the shenanigans pulled in the 2016 election. >> dana: just watching the ceremony of the president and the first lady who will head into denayer at blenheim, these dinners are special and thank you for joining us, everyone, i'm dana perino. here now is shep. >> without interruption, our coverage continues of this dinner, the golden hour in oxfordshire, 8:00, british summertime, a spectacular spectacular evening and why don't we just enjoy this together.

ofyou see any hint deliberate moves by the banks, by the pboc, to weaken this currency?2015 and 2016, they lost a trillion dollars. i was in china at that time and sat down with the head of the people's bank of china. mewas made very plain to that the chinese do not want to get into a situation where they have a tremendous outflow and reduce their reserves even more. if we see the renminbi and the yuan getting below seven to the dollar, that could be a problem. we are talking about 6.8, but the caution level is seven. i hear bloomberg is broadcasting 7.3. that could bring on a real problem. kathleen: we shall see. he is going to stay with us because there is plenty more to come on "daybreak: asia." this is bloomberg. ♪ haidi: a quick check on the latest business flash headlines. ready to open up in europe. the founder said the company offeringge from chinese products in the eu. he said the plan should be signed off this year. their headquarters will be in germany. sources tell us they are among 10 companies to agreed to buy stock as investors. the tower offering shares.

me, and i am very impressed that these judges for whom you clerked would have such a high opinion ofyou. judge kozinski, who is one of the finest judges that i know, said that you were one of the finest clerks he has had, and a breadth of mind and breadth of vision, and a great sense of humanity. and i think judge stapleton, a judge's dream as a law clerk, and that you understand the rule of precedent, exceptionally well qualified in terms of experience, superbcandidate, and so on. i think those are important because they represent the opinion of someone for whom we have a great deal of regard, as sitting appellate judges, of you, and i think that is an important qualification. there have been a couple of questions raised about this matter of qualification, one, the aba rating, and two, your relative age. i just want to talk about a couple of those. as i understand it from mr. stephen tober's statement, that this entire difference between qualified and well qualified boils down, and i will quote it from his statement, page 7, it is, at its most basic, the difference between the highests

risk ofyou run a causing markets to reach levels of in balance. -- imbalance.iggest concern is, have we gone too far, and if we change now how do we not do too much? have anthe big thing we watching would china pmi, certainly seeing a bite from the world economy, whether from deleveraging from china. are we likely to see a more pronounced print on how these numbers will be projected? jason: on the one hand, you have china, critical to watch. we expect it to be above 50 but it is likely to come in and little bit and fall. if you look at something like markets,trial metals that gives you a clear signal of things going on in china. you look at aluminum, copper, nickel, lead, zinc, they are getting crushed on tariff concerns. also on concerns about chinese growth because china consumes the plurality of most of these metals. weak that isls go a sign of problems for chinese manufacturing. yvonne: we have seen the reaching and the u.s. a truce on the trade front/ dude -- front. do think the eu can -- on the loss? jason: that chinese offset will be very tough to match.

me, and i am very impressed that these judges for whom you clerked would have such a high opinion ofyou judge kozinski, who is one of the finest judges that i know, said that you were one of the finest clerks he has had, and a breadth of mind and breadth of vision, and a great sense of humanity. and i think judge stapleton, a judge's dream as a law clerk, and that you understand the rule of precedent, exceptionally well qualified in terms of experience, superbcandidate, and so on. i think those are important because they represent the opinion of someone for whom we have a great deal of regard, as sitting appellate judges, of you, and i think that is an important qualification. there have been a couple of questions raised about this matter of qualification, one, the aba rating, and two, your relative age. i just want to talk about a couple of those. as i understand it from mr. stephen tober's statement, that this entire difference between qualified and well qualified boils down, and i will quote it from his statement, page 7, it is, at its most basic, the difference between the highestst

ofyou look at a range outcomes, 80 or higher, they can start hurting oil demand. on the hand would be the price required to cover dividends and oil companies on average. , it is positive with 70 on the other half. returning to shareholders. >> let's talk about returning cash to shareholders. people talk about buybacks. is that the right load? >> it is a great question. i think buybacks are generally the right move. number one is having a low dividend coverage, number two is having a strong balance sheet, number three's capital allocation. we are looking for companies that focus on growth per share not just production growth. growth from capital allocation perspective, we think chevron already announced the buyback, exxon, we are expecting a buyback at this point. >> can i press you on that being a prudent use of capital? really? maybe there could be other things for them to invest in, whether it is explorations or 's of business than just fossil fuels. >> again, i think it has to be a balanced capital allocation. i do not think 100% growth is the answer either. yo

. >> while i say one thing that goes to an initial round, we will turn to all ofyou, if you would like to ask a question , there should be cards on your table. these phrases question and put your hand up with the card and we will make sure we get to as many audience questions as well. you focused on issues of maritime security and obviously for many of the asian nations and for europe in particular the economy is very important. how do you look at the nexus between security and economic connectivity and what did you hear today that helped you think about indonesia's interests and investments in collectivity in the region because you are clearly one of the countries that has so much trade and collectivity across the region . >> thank you alicia. thank you for having me here. let me tell you about asia. asia is the largest country in the world. we have 70,000 and 500 islands with 100,000 kilometers of coastline, 700 languages. so so far, our economy grows by five percent but because of our archipelago state, we need a lot of development. so far over the last three years we've increased o

and all ofyou to you our team. this is exhausting. i can't imagine what it's like.espondent. mr. schneider of pimco, he's not going to bang his shoe. futures down to 104. crude oil weaker as well. the new york times, jerome, with a concise article. do we have a clue we are going to do after 12 guys in tech see those in london set the short-term rate that everything is based off? ultimately, the structural change were trying to raise is focusing on how to get truth in short-term rates. how to get a hard indicator of short-term rates. we are making a good bit of progress in that regard. we is the regulators. there's a timeline of getting the supplemental rates which is known as the secured overnight funding rate. it's based upon actual observable trends mark -- transactions in the repo market. clear chronology laid out over time. with clear out of tatian framework. a market.o develop it's the replacement rate market that had futures as -- features -- as an example, to start trading. subsequent to that we had over-the-counter transactions. then you need adaptation from

actually enjoy where we have known all along in the land of enchantment so i am so grateful to all ofyou for being here. i hope you continue to go to the events . to participate in the conversations that we all have. take best practices. we are not the ones with all the best ideas, we share. we learn. we pick up ideas from one another. that's why we have these conferences so that we can take the best practices that fit best in our state though we can continue to grow and be successful, not for ourselves but for thepeople we serve . i wish you well and it will be fun and exciting and we will see you theretonight. bring a light sweater. and god bless . [applause] >> thank you governor martinez and congratulations on all of your success. the one question everyone has to answer when they are finished is whether they are red chili or green chili or christmas. we will all let you know how that goes. i am excited to kick off our meeting withthe session dedicated to the theme of my chairs initiative . ahead of the curve innovation governors. i look forward to engaging all of you in a discussion