what do you make of it, peter westmacott? >> i think this is the next stage of an investigation that we've known about for a long time. the mueller investigation has been thorough, very well staffed, it hasn't leaked and each time there's something that comes out of that investigation it is very serious and carefully explained and calibrated. of course the people they have indicted are not living in the united states but what this does is firmly make the point the russians were interfere in the united states presidential election and with the campaign of one camp in particular. does it mean that the trump administration is somehow complicit? ? no, it doesn't say that. did it make -- does it provide additional evidence that the russians made a difference? it's not saying that, either. but it's one more nail in the coffin of the russian lies that they had nothing to do with it and the timing that president trump is going to meet president putin in helsinki, that's important. >> and we understand he briefed president trump befor

peter westmacott is coming up about 45 minutes from now.g to follow president's visit to the u.k. from all angles. the muchhere was controversial inflatable trump baby put up in the houses of parliament. some say it is disrespectful to a democratically elected ally to the u.k. alone --t's go flying fly a balloon ♪ francine: this is bloomberg. ♪ taylor: this is "bloomberg surveillance." has ordered. louis johnson & johnson to pay billions of dollars to women who company's health products caused them to develop ovarian cancer. the company says it will appeal. walmart is considering a major change in its branded credit card business. bloomberg has learned the world's largest retailer may move its partnership from synchrony to capital one. negotiation's are still going on. private-label credit cards are a lucrative business for banks and retailers that want to monetize a cardholder's loyalty to a store or brand. more problems for don scathing, which faces allegations of money laundering. a criminal complaint has been filed against the bank with

has clearly not done the job it was intded to do which was to reunite her wnparty. >> brosir peter westmacott, thank you very much. >> my pleasure. >> woodruff: and now we return to the president's supreme court pick. a decision with significant political implications for both major political parties. william brangham has more on what this means for the midterm election. >> brangham: judy, to talk about the politics surrounding this and more, we're joined by amy walter, national editor of thepo "cootical report," and susan page, washington bureau chief for usa today. good evening. >> hi. so we still don't know who the president has chosen for his nominee to the supreme court, buthere's already a huge political fight brewing, a lot of political crourrents. currents. amy, take us through what you've seen so far. >> the first isow difficult o easy it will be to get the nominee through the process, getting the arings and a vot before the midterm elections. i think regardless of who the presidentics p, republicans will rally around the person. there may be one or l twoike susan collins or senator

i wrap up the day's fast and furious events with britain's former ambassador washington, peter westmacottshington's former eu ambassador anthony gardner. plus, the mayor of london, sadiq khan, response to the president's personal and bruising attack on his record and he tells me why the massive

peter westmacott >>> when we return, at&t set to return after the bell. you done yet? does it look like i'm done? shouldn't you be at work? [ mockingly ] "shouldn't you be at work?" todd. hold on. [ engine revs ] arcade game: fist pump! your real bike's all fixed. man, you guys are good! well, we are the number-one motorcycle insurer in the country. -wait. you have a real motorcycle? and real insurance, with 24-hour customer support. arcade game: wipeout! oh! well... i retire as champion. game hog! champion. >>> welcome back to "squawk box. after the bell today, we're going to get at&t's second quarter earnings we have will power from baird with us. good morning to you. want to understand what you're thinking about and this will be, i think, the last quarter we will see at&t's earnings separate from that of time warner. >> good morning, andrew. thanks for having me it is a momentous quarter for at&t from that perspective actually have a month of time warner in the numbers. i'm sure we'll get a break out of at&t on a stand alone basis too. this is really t