see slightlyly you quieted pace of activity -- economic activity.ity,roject before we enter the quieter. deals done to get does tend to slow. compared to 10 or five years ago it is stronger. you have seen more business as usual. the one thing i remember from last year, covering saudi, we had so many announcement about the economic plans. those came the evening after the fasting was completed. things are changing bit overall we seem to have quieter economic activity during ramadan. >> we are seeing the markets react to robin don -- from a don rammadan. what is that going to do to prices? >> i don't think you're going to see that much secondary inflation on the back of the spending increases. what you will do as the government looks to move ahead with further fiscal reforms on energy prices, that's going to be the main catalyst. we are not so much worried about driving inflation. we already have seen with devaluation the secondary impact has started to come down as a result. we believe it is performed driven. we don't believe the 200 point basis hike

>> well generally, historically you see slightly quieted pace of economic activity.we have seen, for example, in the u.a.e., for example, a lot of project activity a lot of project award before we enter the quieter period as, get ow, the ability to that done tends to slow. compared to 10 or five years ago, economic activity is stronger. you have seen more business as usual. and of course the one thing i remember always is from last year where you know, covering saudi we had so many announcements about the economic plans and those came in the evening after the fasting was completed. so i think things are changing but overall we do seem to have quieter economic activity during the ramadan period. >> monica, we are seeing markets react to the ramadan period as well. let me get back to the inflation issue in egypt. the central bank there had hiked the rates to tame inflation. given that we're seing this huge social spending package of more than $2 billion, what's that going to do to prices? >> well, i don't think you're going to see that much secondary inflation coming o

we will continue to movie at a pretty fast pace at 40 to 50 miles an hour. we are seeing rotation signatures right now on doppler radar that indicates possibility of a tornado embedded within this line of severe thunderstorms. storm tracker there you can see in the owens area, 6:23. so really in the next couple minutes, oakly 625:67:89eman heights 6:32 and slaughter beach 6:39 as we are seeing east northeasterly motion within this severe thunderstorm. a tornado warning in effect right new for parts of the kent, sussex county delaware, until 6:45, indications on radar of rotation, embedded within one of these severe thunderstorm cells, this is, more information, on that tornado radar indicated at this point. so it is not observed but that doesn't mean it is not on the ground. it is very difficult to observe, and torrential rain and nearly continuing lightening, and impact flying debris, dangerous, damage to roof, windows possible, and vehicles so stay in your home, lowest level in the basement, even better. >> are, interior closet and bathroom. tracking storm

economy is on a rather robust footing or pace of she will starty mentioning the fact that later in the that the fed will start to decrease or scale down its balance sheet, but we do not expect too much detail about that, and i think it would be the first foot in the water regarding the official communication about the balance sheet. are also nota, we seeing signs of real inflation. give athink that will window for central banks to hold, or in that case of australia, a lot more voices saying the next move will have to be a cut? that central banks .re slow-moving animals it is not because inflation is subdued, butre san could be a risk of being caught by a further pickup in inflation. that is clearly an indication that underlying inflationary forces are clearly softer than initially thought, but in terms policy, core inflation is likely to continue and the on.oss 2017 if you look at labor markets, they are getting tighter and tighter. u6, and output gaps, we for theter conditions productivity sector, so all these factors will play out at some point and push-up inflation. rishaad: thank y

secretary, are you satisfied with the pace of staffing positions in the state department? >> no.

are doing it and were doing in a much faster pace than anyone thought i will say that never has there been a president with few exceptions in the case of fdr, he had a major depression to handle, who passed more legislation, who done more things than what we've done a

this is a very slow pace. so we don't really see deposit rates rising very rapidly. it's a bit of a problem for savers. >> it is a problem for savers. i think you make an interesting and good point, for those of us who remember when interest rates were going higher at a more rapid pace, you did see cd rates much more attractive for savers and that's not the case now, partly because of some of the economics in t. >> well, also we're looking out in the future, and one of the interesting things about tomorrow's fed meeting is that we're not just looking for what the fed is going to do with interest rates, but what sort of signals we'll get about the pace of future rate increases. we've got this division going on between the market, which seems not to be expecting a whole lot more from the fed, maybe about a 50% chance they may end up raising rates once more by the end of the year. by contrast, we get every other fed meeting, the stop plot, the expected year ends federal funds target rate for -- forecasts from each of the fed officials. those are not likely to move too m

. >> anybody that moves at donald trump's pace? i have not met them. steve: the problem for the republicans in congress though if they don't get stuff done, they won't get a job in less than a year and a half when everybody is up for re-election in the house. >> i don't think anybody is thinking or they shouldn't be thinking about next year's midterm elections. steve: you know they do. >> they ought not to and here is why. few your job well, you get reelected. if people feel like you have had a positive impact on their lives and you put together the solutions. you put them forth and pass them in the way the president is doing, then you will get reelected. in the meantime though your point is correct in that washington moves at a very differenpace than a disrupter ad businessman like donald trump who is very used to making decisions in the business world, taking account many i inputs and ideas and weighing the consequences in the actions and executing on them. when he says drain the swamp, it's not just get rid of all the crocodiles in the water that we

the economy rising at the fastest pace in five years.e have had a report of underlying expectations for a continued robust performance. let's get to the greek bond market. they reached a symbolic threshold. yields on the government 10 year bond have dropped to the lowest level since 2009. the level at which the country last tapped the debt market three years ago. the cleat question mark constructing -- confronting investors is whether the nation's that would be sustainable, which would make the bond eligible for the ecb asset management program. june of last year, we were about 13%. it is below 6% now. how does it look over there, julie? julie: all three major averages have turned down from their highs this session. the s&p and the dow little changed. the nasdaq now negative. whether it is directly linked to or not is not clear, but the downturn coincided with the headlines coming out of the supreme court that it was going to review the administration's travel ban and it was reviving some aspects of it. connection --is a direct connectio

in fact, on pace for its fifth record close in a row. let's take a look at some of the biggest movers within health care today that really took a nice pop off the release of the health care bill. we're looking at gilead sciences. community health. along with express scripps. gilead sciences up 5% and a biotech stock and wouldn't think it would be affected so much by the possible replacement of obamacare. but this sector, bio tech has been on a tear recently and bloomberg intelligence analyst recently told our -- it has to do with lots of positive data plus the possibility of m&a so it seems that investors are migrating that way today. the hospital stocks, they have the most to lose if obamacare is repealed. so you may be able to infer by this stock moving up 4% that investors think it may be a while before obamacare is potentially repealed. and that express scripps a pharmaceutical benefit manager also trading higher. this could be on some thinking that regulation will be pulled back. as for the rally that we have been seeing in health c

that juror calls it grueling and emotiona not large enough to even pace. one juror even punched a concrete wall. another juror, who won't say how he voted tells wtae, the case took a toll on the jury and cosby. >> i wondered if he was going to be able to finish, because he looked really weathered. >> reporter: david asked dan abrams if that could come up in a retrial. >> there was a teeny room, not even enough to pace, but fists into walls? this could come up again. >> you can expect the defense to file a motion and say, look, they were ready to acquit. if the room hadn't been so terrible and the situation hadn't been so bad, bill cosby would have been acquitted. >> reporter: at times, the jury was evenly divided. but at one point, one juror says on the final full day of deliberations, the jury voted 10-2, finding cosby guilty of an encounter without consent. and guilty on the charge that h gave andrea constand drugs without her knowledge. in the end, a deadlock and a mistrial. as for cosby, he's now planning a series of town halls to talk to young people.

a fast-paced variety show filled with one-liners, sight gags and topical humor.laugh-in" was top-rated t-v almost from the time it first aired in 1967. so are we celebrating "laugh- in" right now? you bet your sweet bippy we are! "nbc ignores several threatening phone calls and presents "rowan and martin's laugh-in." it was a fast-paced sketch comedy show which was unmistakably part of its time - the late 1960s. this was "rowan and martin's laugh-in," one of the most influential comedy shows to ever appear on television even though its run on "n-b-c" was relatively short lasting only six seasons. "it happened in the '60s. it was the age when we lost our innocence and people wanted a release valve. they wanted something to laugh at. they felt badly about the war, the economy. all the same things we're having trouble with now, we had in the '60s. we haven't fixed anything." george schlatterproduced "laugh-in" as a "one-off" comedy special for "n-b-c" in 1967. the nightclub comedy team of dan rowan and dick martin hosted and that pilot show was a success. "and now f

so dave mcconnell said we were moving along at a good pace. >> a rapid pace. >> as soon as you say that, you jinx the rest of the game. this is going to slow down. >> considering that>> we had that 45-minute worth a pregame ceremony that took us to 8:00 before we entered the second inning. i would like to join a very normal pace of this game. >> i will zip up my lips, gentlemen. [laughter] i will never do that again. >> you have the seventh-inning stretch. >> they were worried about thunder and lightning and they call the game? two, i believe. 2-2 to loudermill. >> richmond might save you at the pace with which he works. >> you're right. loudermill.o he doesn't like it. it looks a good from up here. >> richmond take up the pace here. >> costello will step out as we go to the top of the order. >> ryan castillo. that is not a phillies jersey. that is the aa team for the phillies. >> swing and he foul ball. 1-1. >> ryan costello, i believe this is his second appearance, his second year. he did not make the practice, the located practice yesterday. -- the ill-fated practice yesterday. he pu

. >> the central bank has kept the pace of ontario easing seen it may not be as aggressive as rep --mid a fresh political crisis that has rocked the country. 10.15%. the rate to global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . , ine was plenty of data japan we had healthy company profits and capital spending helping boost the nikkei 225 up today. after the drop were seen in chinese stocks that are falling from a four-week high. pressure on mainland market there but the asx 200 is shaking up the drag, set for second day of gains. despite exports growing for a seventh straight month. savior for were the the hang seng as well as the types. taiex.the checking in on other movers, let's look at what is moving in hong kong. shares plunging as the e-commerce operator is just the latest target by short-sellers. surging and ever grande reversing earlier losses as it managed to raise more than stateed in its second sale. shares jumped as much as they .6%. you are talking about the

. moderate pace over the next few years.is crunch time in the bidding warfor years. and it is crunch time in the bidding war for toshiba's chip years. and it is crunch time in the bidding warfor toshiba's chip unit but wary as japan, which has traditionally stood behind its troubled companies? hello, welcome to asia business report. despite lacklustre growth the american central bank has taken steps to cool the world's largest economy, forging ahead with the second interest—rate rise this year, signalling another is on the cards in 2017. the fed reserve, led by the chair, janet yellen, had plans to shrink the bond holdings and massive debts which were built up during the financial crisis. our correspondent michelle fleury sent this report. it is steady as she goes at america's central bank. officials here are determined to stay the course of slowly but steadily raising interest rates. the fed chairjanet yellen explained that with the world's largest economy improving, this and further rate rises are needed to head off inflat

index fell to inflation, it was keeping pace with inflation, but that's going to this end year. big question for congress hopefully increase the investment, or will they follow the lead of current administration and retreat from investment. they've actually proposed very significant to higher education for students. >> why do you think our rhetoric is so disconnected? it's so disconnected from our public policy? >> i think it's accountability. >> yeah. >> just to give you an illustration, california, the university of california basically competes with prisons. because in some sense that first generation latino, that first generation african american, that's going to college, needs more support. and, it's just a matter of time before institutions really have to face the extoe sensual decision, can we afford a world class education for students who are different? who are low income, students of color, from low income families. >> how much of this is not about -- how about i put this, not about equality, but about equity, and i know the three of you know the distinction i'm drawin

states.budget my question is, given your budget proposes to zero the pace mission, how do you propose we get that important information for our coastal economies?? >> we have a few opportunities. let me explain how we did these we did a programmatic assessmene pace was not -- we think there is a way to get that data differently. we also want to see what they come out in 2018 will have a nei come out. the couple because they weren'to performing as well and those that we had science from other missions with the budget box wherein dropping from 1.921.7 that we did in earth science is how we made the decisions we made. we are talking about how we can get the data in a different way than during the entire pace mission. >> just so i understand, you are essentially even a number by omb that you were supposed to hit, set right?numb >> yes so it was not a decision based on the merits of the program in a sense that it started out with an instruction for you to find cuts. >> were given a total number in the budget and we had to manage that number. >> i got it. i think all of us like to see the b

pacing... a constant urge to move.someone you know is suffering from schizophrenia they may also be struggling with akathisia: a common side effect of some schizophrenia medications. learn more at myakathisia.com. every tv doctor knows that when it comes to hospital romances, the more complicated, the better. i love you. but i love him. i love him, too. so do i. they also know you should get your annual check-up. schedule a checkup with your doctor to learn your four health numbers, and start taking control of your health today. it could save your life. cigna. together, all the way. >> tonight we're speaking exclusively with veteran detectives from the d.c. police department exposin safety issues he feels should have been addressed years ago. >> he's speaking out and putting career on the line for the safety and well-being of his partner reno trained mpd canine. marina marraco has the story you'll see only on "

kimberly: how about kirk cousins saying he needs to pace himself. so justit's early, relax, don't use all of your energy before the season. kimberly: no pre introducing the ifrom subway.ction head in now to grab the five dollar footlong spicy italian. loaded with salami and pepperoni. for a limited time, the spicy italian footlong is just five dollars. it's a big value for even bigger flavor. only at subway. kimberly: crowds are packing the washington convention center this weekend for awesome con, celebrating comic books, sci-fi, and pretty much everything in between. this year celebrity guests include satatan lee and a former dr. who star. out early, but tickets are still available for tomorrow. this is the 10th year for the event. woman along the potomac river striking a pose. pretty funny. josh: i imagine there are a few more this year with the movie. kimberly: you should go out before the 10:00 news. josh: tomorrow, hot and humid. strong storms. kimberly: thank

the weakest pace in more than two years. slowed more than 2% in the first quarter.oes the bank of england -- bank of and with have a's stagnation on its hand? >> more of a problem earlier when the pound is selling off. there does not seem to be any end to it. view, at point of contributor to inflation and by application, one of the drivers behind the erosion and it may be playing an essential role. it is still the case the bank may worry if indeed political uncertainty lingers, the data now starts to deteriorate p or we may see a slow in the currency. as to whether they act preemptively tomorrow night, i doubt it. totral banks are not meant predict market reaction. they are meant to put out fires. i guess we will see the pound first before the bank of england response. what about the argument that the result is tilting us toward a softer brexit? it too much uncertainty about the direction we are traveling to come -- to be confident we can place a long that on sterling right now? >> longer-term, it is clearly the outcome of the election is -- it means that the risk o

the pace of that change will be glacial.e can anticipate that at some point this should be about bringing term premium back into the market. for now the term premium is under incredible pressure because of the combination of negative interest rates and ongoing, aggressive qe in the ecb at boj -- and boj. you are still in an environment where the effect of that is a huge dampening on the term premium. jonathan: can you get -- >> no. we live in a global world. we live in this demographic where the rest of the world is aging faster. , everybody in the marketplace are going to the place where you get the best risk-adjusted yield. rate is of risk free the u.s. >> we need to reconcile two more things, the dollar, what happens if we get a flat yield curve? what will happen with the dollar? in europe they will be removing accommodation in the long and, but not anything on the front-end. we used to use as the slope of the yield curve in the u.s. and make an assumption about the state of the economy. how will the fed, and will the mar

at just about a record-setting pace.nd we are achieving these goals by eliminating these job killing regulations, unlocking american military,building our pursuing fair and reciprocal trade deals, achieving massive adoptions in illegal immigration, transforming the department of veterans affairs and building a partnership to defeat terrorism. in a very short time, we are seeing amazing results, and in fact, there are a couple major stories in the newspapers that miners are going back to work. people are surprised. it is kicking in really fast. last month, unemployment fell to its lowest point in 16 years. returned from overseas and concluded deals for $40 billion of economic investment in the united states. these deals will -- these deals will bring millions of jobs to our country and millions of jobs . we will help saudi arabia take a greater role in providing stability and security in that region. one of the big things we did, and you see it now with qatar and all of the things that are actually going on in a very sapp

is it managing the pace of growth?of growth is strong and there is over a billion pounds on capital. issue is getting around the operational challenges of the employment environment and retaining staff and finding high-quality step is a major challenge. you have the wage pressure. you are being squeezed to pay higher wages. >> we are generating good profits and we are rewarding our staff. this is a way to differentiate ourselves and i think this is a great up to. drivenmuch are you being by cyclical factors and how much is this cyclical? this factor. >> over the last five or six years, there is two thirds of that remaining structural. as part of the sharing economy in the reality is that people are looking to rent more and ownership is no longer flexible. people do not want to make capital commitments and we provide the flexible alternative. promise was for $1 trillion in infrastructure spending. what would this mean to the and are we so simple about this, in terms of the economy. >> we put this in perspective .nd the

the fastest pace headlined in two years.ncrease in price for computers,mes, partially reflected by the decline in sterling. inflation rates of 2.9%, the blue line, highest since 2013. the core rates include energy and 2.6% higher since november 2012. the price pickup in additional pressure on households that are not seeing their wages keep pace. slowing to 2.2% in the last quarter partially because of weaker consumer spending. a big day tomorrow, wages could continue to see a squeeze on real wages. sterling the biggest decline since october when it fell by 2.3%. it is out today. theresa may apologizing to her own mps yesterday. she's trying to forge some kind of arrangement to ensure that the conservative party can continue governing. interesting to see what analysts are saying about sterling's trajectory in 2018. they see 1.28 in the fourth quarter. we're at 127. the forecast was 123. speculators have amassed the biggest bullish on the euro in more than six years. speculative positioning has been bullish for five weeks afte

and a record-setting pace. we are achieving these goals by eliminating these job killing regulations. unlocking american energy, rebuilding our military, pursuing fair and reciprocal trade deals, achieving massive reductions in illegal immigration, transforming the department of veterans affairs and building a new partnership to defeat terrorism. seeingort time, we are amazing results. there are a couple of major stories in the newspapers about minds that are -- about minds that are opening and miners going back to work pretty big stories, people are surprised, it is kicking a very fast. more small businesses are planning to hire than at any point in over a decade and last month, unemployment fell to its lowest point in 16 years. i returned from a trip overseas deals of moreeel hundred $50 billion economic [inaudible] they will bring many thousands of jobs and will bring millions of jobs ultimately and help saudi arabia take a greater role in providing stability and security in that region and secretary price h

consumer spending has kept the economy chugging along since the brexit referendum at half the pace in the previous quarter. this is what this chart is about -- britain saved a smaller portion of their incomes that in on point -- at any point record. the low level, by the way, of the savings race. the have little in reserve as they are forced to spend more to maintain the same standard of living. what a data point today -- more data on u.k.. sentiment among households fallen to the lowest level since the brexit vote. the rising cost of living, inconclusive elections, deterring britains from spending on big-ticket items. andrvey carried out before after the election -- that is important -- we found that attitude toward the economy and their personal finances deteriorated. wonderful,art -- showing the probability of a rate hike here in december. look at that, up to 56.1%. the middle of june, we are at roughly 5% -- negligible. how we have shot up suggesting rates may need to rise. 50/50 for a rate hike this year. vonnie: pretty phenomenal, mark. pretty phenomenal here, too -- senate heal

inflation numbers, producer and consumer prices for may. ,> the pace of disinflation falling pace oftion on the factory gates, is intensifying. at 5.5 percent. the consensus was 5.6%. it counters the previous month of 6.4%. prices are still inflated, but we are seeing host cell prices come up a little bit. this would be the slowest pace of factory gate inflation so far this year, and the third month in a row of price disinflation. we have 4.5 years of deflation at the factory gate. that took a sudden change nine months ago and we have seen that peak, perhaps reflecting the commodities prices that have come off, so crisis at the factory gates are also coming down. seeing that feed into cpi inflation because of overcapacity issues in china. fairlylation still benign, however, it is the highest pace since january at 1.5%. cpi inflation in may was 1.2%. recapping again, ppi inflation in may 5 point 5%, a little lower than the consensus estimate of 5.6%, and cpi in line with estimates at 1.5%. inflation benign cpi takes her, and from the chart, factory gate inflation coming off on the bac

we did a programmatic assessment as you know pace was not in the decade goes. pace was. we think there's a way to get that data differently and we want to see how the science comes out in 2018. pace and a couple of others because they won't perform as well in a couple of others where we had other missions with the budget talks we were in dropping from 1.9 to 1.7 in earth science that is how we made the decisions we made. parents talking with godard about how can we get that data we are talking about a different way for the space mission? >> just so i understand the answer and i think i do. you were essentially given the number by owen b. that you were supposed to hit, that right? it was not a decision based on the merits of the program in a sense. started out as an instruction to you to find cuts cuts. is that the case? >> we were given the total number in the budget. >> i think all of us like to see the budgets put together by the experts originally on what the country needs going forward and mr. chairman and the ranking member working with you as we consider this budge

the language and the future balance sheet runoff, the rest of the world is still far behind and the pacef that change will be very glacial. we can anticipate at this some point. right now, for the short-term, the term premium is under incredible pressure because of the combination of negative interest rates and ongoing aggressive qe between the boj and the fed, which is going to be less and start unwind it. the effect of that is a huge dampening on that term premium. jonathan: can you get a treasury market that decouples from the global bond market? >> there's two things happening. we live in a global world. we also live in a demographic dynamic where the rest of the world is aging faster. the poll in terms of assets -- listen the markets ourselves, you will go to the place where you will get the best risk-adjusted yield. the best risk-adjusted yield sits in the u.s.. >> the thing we need to reconcile fear are two things to drop in the mix. the dollar -- what happens if we get a flat yield curve? what's going to happen with the dollar? in europe, they are going to be removing a combinati

at a slow pace and content, but not for its ometown hero, the world's fastest man, usain bolt. ago, his 30 careers on.rting talent early >> he would cry when others would beat him. to would encourage him not give up. today he is a star. lightning bolt as he is known is an eightime olympic gold the world record holder for both the 1,100 and sprint.r -- he donates money to causes. doesn't change. he goes out by the road, meets same way. give them money. people come mr. bolt, i don't my mother is sick, mr. bolt, it says a lot. > no one knows what usain bolt will do with his impending retirement, but lonelz hope provide tinue to inspiration to younger generations. >> to have him provides a little bit more motivation for our and i have no doubt that he will have a little bit part of what are a he plans to do. >> bolt will compete in the 2017 championships. his final international competition before hanging up running shoes. >> and it was a very emotional in his for usain bolt home country. his week he ran his final 100 meter sprint on jamaican soil. bolt wanted to go out in a blaze

on pace for a record year. you are watching bloomberg. ♪ jonathan: i am jonathan ferro.s is "bloomberg real yield." we told you about a few debt deals. charter communications sold $1.5 billion of bonds. it sold secured debt and the unsecured offering plan just last week. over an investment grade, we have hit the midpoint of the hit 2017 sales of high-grade corporate sales are on track to pass the 2016 record. total volume reached $768 billion, 4% ahead of last year's kelly at this time. in sovereigns, treasuries, $20 billion of seven-year notes drew a yield of just over 2%, lowest since shower current -- lowest since january. with us, jim caron of morgan stanley, guy lebas have jenny montgomery scott, and margaret patel of wells fargo. earlier this week we heard from the fed chair, and we had a series of central bankers increasingly worried about financial stability, asset prices, and risk it did you take notice of what they said about asset prices? margaret: welcome i think what they really were saying, they are extremely sensitive to upsetting the financial markets. mo

it was great at merrick -- we are doing it and were doing in a much faster pace than anyone thought i will say that never has there been a president with few exceptions in the case of fdr, he had a major depression to handle, who passed more legislation, who done more things than what we've done a tween the executive orders and the job killing regulations that have been terminated. many bills, i guess over 34 bills congress sign, a supreme court justice is going to be a great one, great supreme court justice, and many other things we have achieved tremendous success that i do think we been about as active as you could possibly be, at just about a record setting pace. we are achieving these goals by eliminating these job killing regulations, unlocking american energy, rebuilding our military, pursuing their and reciprocal trade deals, achieving massive reductions in illegal immigration, transforming the department of veterans affairs and building a new partnership among nations to defeat terrorism. you have to do it. in just a very short time we are seeing amazing results, and, in fact

the pace of use is not going to slow.ion obviously is people subscribing to new subscribers ultimately will slow, but they will always be looking for morse need, more offers, more types of content to get on there, online. that's a relevant metric. >> thank you for joining us. the stock share is trading at $31.99. back to you, vonnie. vonnie: fantastic interview, thank you for that. just getting word that senate republicans have released the text of health care legislation. once again, the text of the widely awaited health care legislation out of the senate has now been released. we will be bringing you some analysis, next. this is bloomberg. breaking news on the senate health care bill. it's just and released. the text of the bill just has been released. this is the bill we have been waiting for, prepare secrecy by mitch mcconnell and some aid. it's safe to say that some senators are just adding the text of the bill right now. 142 pages. we will go to kevin cirilli with her chief washington correspondent on capitol hill.

we are doing it, and we are doing it at a much faster pace. never has there been a president, with the exception of fdr with a major depression to handle, who has passed legislation that has done more than we had here and with the executive orders and job killing regulations terminated, many over 34 bills in congress, the supreme court justice will be a great one, and many other things we have achieved tremendous success. we have been about as active as you can possibly be at a just about record-setting pace. we are achieving these goals by eliminating job killing regulations. unlocking american energy, rebuilding our military, pursuing fair and trade deals, transforming the department of veterans affairs, and building a new partnership among nations to defeat terrorism -- we have to do. in a short time we are seeing amazing results. in fact, there are a couple of major stories in the newspapers opening and miners going back to work. they are pretty big stories. surprised. happening very fast. more small businesses are preparing to higher than

. >> i want to get to my reporters, julie pace and michael schmidt. julie pace, when sean spicer says, i've not had a chance to ask him about that, it usually doesn't mean he wasn't around or he wasn't free, it usually means, in the short history of this white house, that it's something they don't want to address. >> yeah, it was pretty odd that sean spicer couldn't just say flat-out that the president has confidence in his attorney general. the standard answer, unless there's something going on is, yes, of course the president continues to have confidence in that person, filling a very important role. but as "the new york times" has reported, this is true, the decision by jeff sessions to recuse himself really has irked the president for months. if you remember, after sessions made that announcement, we had a squabble in the oval office, between the president and some top aides, and then, of course, the tweets about president obama wiretapping, the allegations that he wiretapped trump tower. this is something that has been simmering for quite some ti

pace was not mentioned. we think there's a way to go get that data differently. we also want to see what comes out in 2018. with the budget locks that we were in dropping from the 1.9 to 1.7 that we did, that was how we made the decision we made. were already talking about how can we get the data you talked about in a different way than during an entire pace mission. >> so i understand the answer, i think i do, you are essentially given a number by omb that you were supposed to hit. is that right? >> yes. >> so it was not a decision, it started out with an instruction of fine cut. >> we were given a total number and we had a managed to that number. >> i got it. i think all of us would like to see the budgets put together by what the countries need. mr. chairman, i look forward to working with you as we consider this budget because in addition to those cuts which i think will have harmful impacts there's also a cut to the hubble space telescope, there's some language in there saying were going to find some efficiencies with no information of what that is. it sound

we're on pace for the award for the ffx. that's the end state we want to do. >> reporter: you mentioned in brief that 4 sail,000 sailor wa going to be apportioned, i was wondering if you could go more granular, this many for the blue and gold concept, this many for the expeditionary core base. >> if you'll give me a second to get to it, i can. actually it's -- this is a delaying technique. i have to go to the other brief. i know that approximately 2,000 are in ia and ttph, the overhead associated with the friction. so we can get sailors to their ships on time. there was a thousand for cruisers. modification 450 for the lcs blue and gold concept. 373 to support the ioc for the jsf. support for the marine corps was 163. and the expeditionary staging base was 100. that adds up roughly to about 4,000. >> reporter: "sea power." with regard to the single lcs for 2018, does that represent a single hull design? >> the intent is to have two shipyards competitive in 2020. the navy seeks to have a competitive bidding process. >> report

the congress is slow paced, like me. donald trump is a disrupter, a businessman. they're used to negotiating and doing things quickly. donald trump has proven particularly through these special elections, this isn't just a referendum or his agenda. this is a reaffirmation that many americans are watching what he's doing, getting healthcare through the house and getting it through the senate. creating jobs. look how the markets have reacted to president trump. the stock market. the nasdaq, the dow jones. the s&p. the $4 trillion in wealth that has been created. people are spending their money again. they'll be confident when they see their healthcare plan. people know that obamacare is broken. what leader mcconnell and the senate have done, he's putting together a plan that he knows rips out obamacare, branch and road. let's remind people why this is being done. this is not being done to keep a campaign promise. we're all imperative to the millions that thought they would get better healthcare through obamacare and who have been left behind. i sat in a listening se

a kilo of oysters costs about 30 paces. -- 30 pesos. out of the ocean, the customers love them. >> you put hot sauce on them and a little bit of lime. this is the best thing here you can eat. you will not find better oysters in all of mexico. super delicious. >> and now to our global ideas series, where we meet people committed to preserving our planet's climate, flora and fauna. a tiny island belonging to spain wants to be the first in the world to mamake do witht fossil fuelsls. that's what the residents of el hierro, one of the canary islands, have been promised, at least. our r reporter michael altenene went to see how much progreses hahas been made.e. >>>> it's early in the morningn el hierro; the trade winds are blowing the clouds over the volcanic mountains. this spanish island off the west coast of africa is almost always windy - so why not make use of it? the smallest of the canary islandnds is trying to realize g plans: to supply all of its around 7000 inhabitants with sustainable energy through a unique combination of wind an

overall we continue to expect the economy will expand at a moderate pace over the next few years. in the labor market job gains have averaged about 160,000 per month since the start of the year. a solid rate of growth that, although a little slower than last year, remains well above estimates of the pace necessary to absorb new entrants to the labor force. the unemployment rate has fallen about a half percentage point since the beginning of the year, and was 4.3% in may, a low level by historical standards, and modestly below the median of fomc participants estimates of its longer-run normal level. broader measures of labor market utilization have also improved this year. participation in the labor force has been little-changed on net for about three years. given the underlying downward trend in participation, stemming largely from the aging of the u.s. population, relatively steady participation rate is further sign of improving conditions in the labor market. looking ahead we expect that the job market will strengthen somewhat further. turning to inflation the 12 month change in

pacing... a constant urge to move. if someone you know is suffering from schizophrenia they may also be struggling with akathisia: a common side effect of some schizophrenia medications. learn more at myakathisia.com. ♪ ♪ all across america more people are choosing nissan. ♪ ♪ ♪ ♪ it's america's ing auto brand in the u.s.a. take on every day get 0% for up to 72 months on 13 models. ♪ ♪ >> today on "fox news mor morning". russia investigation. >>> attorney general jeff sessions headed to capitol hill to answer questions about the trump presidential cam pain, russia and james comey. >> travel ban debate. trump administration is holding out hope from decision of the supreme court after another appeals court up holds a decision to block the ban. time now 5:00. straight up looking outside another scorcher outside temps reaching mid 90s. another hot one. thank you for joining us i'm maureen umeh. >> i'm holly morris. >> tuesday, june 13. >> that it s michael thomas is t

but it is a glacial pace.y will taper down and probably start announcing it somewhere closer to september. then you start reducing, tapering again in the beginning of the year and then wait and do the deposit rate after that. it is going to be super slow. people don't really appreciate even if you taper down, $60 billion a month out of the market is huge. maybe you move at $40 billion a month in the beginning of the year, depending on where that core inflation number get to. jonathan: is it the ecb moving? rick: >> for a number of reasons, the fed has edible window to move. absolutely. if you said to me, there is a lot of talk about issuing long debt the u.s. what is more important today is where these other central banks go. jonathan: to wrap it up and answer some short, sharp questions. behind the curve, or too far ahead? for the federal reserve. >> behind the curve. jonathan: behind the curve european high-yield or u.s. , high-yield? rick: u.s. high-yield. jonathan: long europe or south africa? tableau long

pacing... a constant urge to move.from schizophrenia they may also be struggling with akathisia: a common side effect of some schizophrenia medications. learn more at myakathisia.com. >>> they asked me who would win wonder woman or thor? i think it's wonder woman, don't you? >> gail gadot throwing down the gauntlet with chris hemsworth. we know that wonder woman would totally win. >> absolutely. >>> what does chris think about this? he said i think she would sick thor's you know what. that's a smart man. >> you never mess with wonder woman, the movie made more than $100 million this weekend. >> some nice cash. >>> and can we talk about another fierce female, cheryl burke. she's doing everything. she's taking over "dance moms." she's hitting the road with a new dance tour. and nothing's going to stop her, not even a nasty dance floor collision. first things first, what happened? >> i know. we were doing lthisift, my partner and i, and we were trying something new. he was spinning me reallsty fa and then we butt heads. a

he's 6-under, one stroke off the pace. and the pace is set by not one, not two, not three, but four golfers including paul casey. yore the approach on one. it's beautiful. he's at seven-under. the first time since 1974. christian mccaffrey is long gone from stanford. until today he was a prisoner of their quarter system. meaning he couldn't practice with his new team. well finals are now over. he's free to work out with the panthers. showing that trademark burst, wearing his new number 22. the special teams works, runningback drills, happy to be playing ball again, although he would have liked to do a shooter. >> i was real anxious. it's sucks when your team is competing, but you're not. it is what it is. i will just come in and study hard. today is about going out, playing fast, you know, nice getting back to playing football game. >> and that'll do it for sports. >> all right, thanks a lot, scott. >>> well thank you for joining us tonight. i'm alyana gomez. mornings on 2 starts tomorrow at 7:00. we'll be back tomorrow at

a dwindling supply is pacing homes. >>> netflix the streaming service is worth $70 billion.etflix topped 100 million subscribers worldwide in july. it is predicted they will have 112 million by the end of the year, and 130 million by the end of 2018. they have award winning movie series and thousands of films and tv shows. >>> if your child uses the amazon app to purchase something without your permission. you may be able to get your money back. the federal trade commission said refunds are available that includes buying upgrades in mobile games purchased through the amazon app store. last year a court found amazon was responsible for items kids bought without their parents' permission. $70 million in charges may be eligible for full refund. >> reporter: welcome back everyone, 6:25 a.m., saturday morning, you're probably looking at this and saying oh, no, like last weekend, clouds and rain, this is racing off to the east at 40 miles per hour, by 10:30 a.m. this is gone and we're looking at clouds giving way to sunshine. down the jersey shore, cloudy skies through lunchtime a

the concern is that the fed may raise rates at a faster pace than the economy can withstand. we've already seen signs of lingering weakness carry forward from the first quarter into the second quarter, particularly on the consumer side. we see manufacturing still showing signs of weakness. and so the concern is that the fed may be overly optimistic about the prospects for the u.s. economy, raising rates at a much faster pace than we actually can withstand at this point. >> do you think the fed did the right thing by raising rates? >> i don't think they did. i think the fed should have errored on the side of caution. looking at expectations of growth and inflation continues to anticipate a rebound in the u.s. economy but there's really very little justification in the underlying data to suggest that a rebound is on its way to the u.s. economy. and so i would have been much more comfortable had the fed sat this meeting out and said, let's wait for further evidence of which directional trend we see in the underlying marketplace. >> what signs do you look at next to try and figur