phillip, what do you know about the 49th state here?t is alaska >> it's normally supposed to be very cold. >> very cold but what do you think the all-time record for anchorage is >> i'd say it's like 79. >> that chinese hoax is getting so out of control. >> out of control. >> when we come back, the presidential treasure discovered after more than 150 years. (mom) is that for me? (dad) mhm. aaaah! (mom) nooooo... (dad) nooooo... (son) nooooo... (avo) quick, the quicker picker upper! bounty picks up messes quicker and is 2x more absorbent than the leading ordinary brand. [son loudly clears throat] [mom sighs] [mom and dad laugh] (avo) bounty, the quicker picker upper. the best way to hit the beach? with neutrogena® beach defense® sunscreen. helioplex® powered, uva, uvb strong. beach strength protection for the whole family. for the best day in the sun. neutrogena®. >>> we're back with the new found bible that belonged to president abraham lincoln, hidden away for more than 150 years. that is, until now here's nbc's kevin tibbles >> report

anna: we have numbers out of phillips. talk of business in china. >> they reported orderly sales on a comparable basis. of around 6.1% compared with an average estimate of around 4.5 percent. those regions are key regions between china and europe. it comes as the company recently launched a wide range of new consumer health products and also upgraded its hospital business -- anna: ok, we will watch that one. siemens? >> the ceo taking aim at president trump, saying the man who owns the most important office in the world he says is turning into the face of racism and exclusion. we have yet to see what trump has to say. that is it. we will have these stocks opening up at the end of the other side of the break. this is bloomberg. ♪ anna: a minute to go until the start of cash equity trading for this first day of the week. good morning, everybody. this is the european market open. we have been down essentially .5%. new stocks doing well in the star market it seems in china, at overall nervousness around host of factors and a s

i am phillip mena. >> and i'm frances rivera. we start with that breaking ne ws an urgent search is underway in gilroy, california, for a possible second suspect. after three victims and one gunman were oflled at one the largest food festivals in the country. >> the vendor that was getting ready to serve me, she actuay said, get down that's gunfire there's a shooter! >> brought his gun up and started spraying rounds all waround he walking like a police officer, like he wanted to get stuff done and it was horrifying. >> and this happened at the end of the festival as it was rang ng up when the shots out. let's hear more from the police chief there on what they know so far. >> we have one suspect we know that is down we have some witnesses reporting that the may have been a second suspect, but we don't know if that suspect was engaged in anyhooting or whether they support role for the pn thatf we have accounted for. >> and the dficult part about this is we see this video here, the chaos th followed after, is that there wares ally s

the phillips card -- phillips curve trade-off does not exist anymore. that is news breaking. she got it right. he confirmed the phillips curve is dead. the fed is going to lower interest rates because we are growing rapidly without any inflation. i look forward to supply-side discussions. >> larry kudlow also tried to diffuse work -- tried to diffuse rumors the president wants to replace fed chair jerome powell. unemployment ratings have fallen to a new low. an employment rate among people eligible for benefits held at 1.2%. global news, 24 hours a day, on air and on tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. ♪ life from bloomberg world headquarters in new york, i'm shery ahn. alix: live in toronto, i am amber. but them to bloomberg markets. we are joined by our bloomberg and vmm and bloomberg audiences. hear the stories we are following from around the world. is wrappingy powell up a second day of testimony on capitol hill with the market rallying in hopes of a rate cut later this m

i'm frances rivera wednesday morning i should say >> i'm phillip mena. we're just hours away from the highly anticipated public testimony from robert mueller. the former special counsel will face questions about the russia investigation for the first time during today's congressional hearings nbc's tracie potts joining us now from d.c tracie, good morning we're now learning mueller's team has made a last-minute request. >> right, phillip and frances. in fact, they said it wasn't last minute, they talked about it with the committee over a week ago but it was certainly granted at the last minute aaron zebley, a long-time aide, another lawyer, deputy in the russia investigation, is going to accompany robert mueller today for his testimony. he is not expected to be sworn in or speak but he will be sitting there to advise robert mueller when lawmakers on both sides start firing questions president trump tweeting about this, saying it was very unfair. trump supporters saying that this was a last-minute attempt to try to change things because democrats simply d

phillips: you talk about concerns relative to our rising debt. would that be a concern relative to the u.s. dollar? chair powell: in the long run. rep. phillips: when you contemplate rate changes, how much weight you give to the ongoing strength of current economic data versus the forward-looking weakness implied by the inverted yield curve? monetaryell: i think policy is always about the outlook. you have to take into account the current position of the economy. it is very strong, low unemployment. relative priced ability. we are always about looking forward. monetary policy works with a lag. you ask about the yield curve. that is something we do look at. there.s a message in it is not a single thing that is a dominant financial condition. there are many things we look at in financial markets. that is certainly one. rep. phillips: lastly, you believe the federal reserve has the requisite tools to fulfill its mandate without assistance of fiscal policy? mentioned, weas i do have the tools we have, and we will use them aggressively. as i mentioned

she got it right, he confirmed that the phillips curve is dead.he fed will lower interest rates because we are growing rapidly without any inflation. i look forward to discussions with madame aoc. have aow wants to meeting with aoc. why was this so significant? >> the fed has a dual mandate of height -- high employment and low inflation. they want to be able to say they're working on both ends of the mandate. the phillips curve is that there is a direct relationship between inflation and employment. we know that has not worked for a couple of decades. the fed stubbornly needs that because of their dual mandate. if they are ready to admit the truth and walkway from that theory and say there are economic reasons that payrolls go up and down but they're not the same reasons, they will run themselves into a problem. how do you set policy? you have to pick one mandate over the other. you don't want to be in the game. he went as far as to say that maybe that theory does not work. an acknowledgment of -- acknowledgment of what is obvious. i am happy he s

. >> phillips second quarter sales beats expectations thanks to strong demands in u.s.nd china as they forecast a strong second half sending shares higher >>> julius bar has improved margins as the swiss bank delivers its last earnings report under outgoing ceo. >>> the market rebound catches out as bridgewater flagship funds logs one of its first half performances in decades. >>> and rising oil prices boosts energy stocks after the uk calls iran's seizure of a british tanker in the strait of hormuz an illegal act ♪ >>> well, good morning, everybody and welcome to "street signs. we're about one hour into the european trading session i just want to recap quickly some of the action we had in wall street towards the end of the week last week it was a weaker close for the three majors on the week the dow ended up about two thirds of a percentage points lower. s&p and nasdaq little more than 1% weakish end to the week for u.s. equities as we get into the heart of earnings season here. 28% of those released results have beaten sales and 49% have beaten on earnings according t

phillip? >> a lot of complicateissues going son there in the strait of hormuz matt bradley, thank you. >> we are just over a day away fromerhaps the most anticipated testimony on capitol hill in a decade former special counsel robert mueller will speak in backo t back hearings first before the house judiciary, and then the house intelligence committee and in a new letter, thert depament of justice is advising mueller on the boundaries of his testimony. let's get to nbc's tracie potts in d.c bipartisan ship on the hill this earn montgomerie >> reporter: right as we await mueller's teimony, frances, we have learned the president cut a dealre with cong to extend the debt limit for two years past the election and come up with a budget deal that will prevent in fact, it gives more, uts. democrats say, to some of the domestic priorities that they wanted so on thathey agreed for now but ton this mueller testimony, it's a split right down the middle democrats are planning to ask him about details in h

phillip? >> all right, jo, thank you.lly is incredible how a company created these two days in theummer for us to spend money. >> we're all talking about it still, spending our money the next coupl de ofs. let's check in with bonnie schneider for the areafes ed by barry over the weekend. >> that's right, barry is affecting 11 million people particularly in southwest loe siana where we havheavy downpours at this hour and also heavy rain building into the mid south from little rock into memphis and all the way to ce girardo, missouri, heavy, heav downpours with flooding possible right now with the wind depressions, barry 30 miles per but that wbring us heavyicked up rain that's a story of the dayeather now here's a closer look at your day ahead. >>> temperatures are actually a little bit cooler across parts of the gulf coast and mid south because of barry, but notice west heat building into the that's what's coming e climbinges that ar well into the 90s, we're seeing that in texas right now. >>> barry will continue to bring

this new yorker, this is a long new yorker story, phillip.. there's a lot of reporting here about this photo everybody is familiar with where he mimics a groping gesture on a fellow performer who is asleep. it takes awhile in this article, but it does get to the fact there were a number of women who subsequently came out and said -- with allegations of kissing or groping. what did you make of what we're hearing from franken here and what is reported here? >> yeah, i think the fascinating aspect to this is if you're al franken, i think it is quite natural that you would feel as though you were forced out of the senate prematurely. i think that is a natural thing for him to feel. but i think the argument that there was some due process that should have been involved, that, you know, that was all based on this one photo which is some of the allegations you've seen in the aftermath of this, i think all these things sort of upped cut the idea that what we're talking about is not crim senator al franken procedure, we're talking about politics. the

i sense commissioner phillips may not know a lot about it either.rly days, but when the ftc starts an investigation, they have a credible reason to believe that there may be a violation of antitrust laws, that there may be consumer harm that they need to look into. that is basically what that investigation means. that is about all we know right now. we also know that ftc talks to european regulators, so they may be taking some cues there, but often they want to go their own way, so it really remains to be seen what will happen. emily: as someone who worked at the ftc for many years, what is happening right now? >> it is quite likely that commissioners do not yet know if it is at the staff level. they were probably briefed on it but they probably don't know the details, and that's by design. you are supposed to keep a wall between the investigation. i do know the practice you just described in antitrust terms would be bundling. requiring that one account be forced to use a different product, so if you have a whatsapp account, you would be forced to u

i've richard lui in for frances rivera >> and i'm phillip mena. a stark new look at the human cost of the border crisis. democratic lawmake painting a grim portrait of the dire conditions at two detention centers in texas a congressional delegation who d ured the facilities he firsthand from migrants stories about overcrowding and gradation. nbc's tracie potts joining us now from d.c. with the very latest tracie, good morning we're hearing there is somefe reli on the way. >> reporter: yes, there is help on the way, fep. $4.6 billion the congress has approved and the president has signed off on. this is humanitarian aid at the border it's what is a's happening insi that'sght the attention of lawmakers including those from the hispanic caucus tour two of those facilities in texas. >> when we went into the citl, was clear that the water was not running. there was a toilet, but there was no running water for people torink in fact, one of the women said that she was told by an agent to drink water out of the toilet. >> reporter: take a look at this twe

with a firsthand look.ak there >> reporter: phillip, we're down in st.homas, which is the closest big island to jeffrey epstein's private island we're about a half an hour boat ride from that's island. about as private as it gets at jeffrey epstein's private caribbean getaway in the u.s. virgin islands grounds workers still go about their job, reluctant to talk. >> excuse can i just talk to you for a second >> reporter: epstein pleaded not guilty to federal judges he's accused of recruiting a network of young girls he sexually abused at his mansions in florida and new york. no mention of this island. but authorities say he declared it his primary residence, with a massive main house, eccentric statues, and manicured liengz df palm trees stein bought little st. james in 1998 and he built a sprawling compound here. for years he looked across the water at this other island, great st. james. he bought that one in 2016 now his attorneys say the two together are worth just over $86 million. epstein engineered near total privacy. 24-hour security and guard dogs

phillip? >> all right, richard engel for us richard, thank you >> so the question now, what does come next, a fourth meeting, what will the meetings look like? nbc's hans nichols has more from seoul. >> reporter: for donald trump the first step towards kim jong-un's position may be the easiest. while president trump says he isn't in a hurry, there are major issues before them the biggest, complete denuclearization his critics call it show man ship, casting the impromptu meeting as an elaborate photo op >> it's worrisome this president erratically sets up ameeting without the staff work being done it seems like it's all for show. it's not substantive >> reporter: some arguing trump's dramatic approach will falter as a diplomatic tactic. >> this is a ruthless dictator and when you go forward, you have to have clear focus and a clear mission and clear goals. >> reporter: american intelligence agencies have concluded that north korea is unlikely to give up its nuclear arsenal as mr. trump has dema

phillip morris is having a good day.a: it is having a good day and this is based on second-quarter earnings. earnings-per-share and revenues beat. what we saw their was a ship toward e-cigarettes and how --pments of tobacco products came in much better than expected. they rose by 29% in the last quarter. they should also get a further boost from the sister company in the u.s. starts to market its eye to os e-cigarette products which has just got fda approval. that is due to start in atlanta sometime in the next few months. what we are hearing from phillip morris is there expecting uptick of this product to be much quicker in the u.s. versus europe and japan. same time, there is regulatory scrutiny of these products. particularly when it comes to young people and children. a lot of concern they are being marketed, including flavored e-cigarettes to teenagers. emma: you're absolutely right. that has been a lot of focus on the company juul which makes e-cigarette products. they've been multi-flavored and popular with young

this is notjust phillip and thwart no—deal brexit.mmond and thwart no—deal brexit. this is notjust phillip hammond but david gauke as well. david gauke. some big political beast will make life difficult for boris johnson, for we assume he will be the next tory leader, by being a force for a real dashjust objecting to leader, by being a force for a real dash just objecting to everything he does from the backbenches to make sure there is a no no—deal brexit. he is going to resign to mrs may before she goes to the palace. this seems like a well laid plan. that is oi'i seems like a well laid plan. that is on the part of the outgoing chancellor to make things as possible for boris johnson. i would said that philip hammond would be considerable opposition, because this is a man who knows everything about the economy and will be able to deliver some extraordinary objections to whatever boris johnson proposes. parliament or the commons have voted against no deal already, and all those other boats that we had earlier in the year. there will be

phillip? >> all right, jo, thank you.lly is incredible how a inr for us to spend money. >> we're all talking about it still, spending our money the next couple of days. let's check in with bonnie schneider for the areas affected by barry over the weekend. >> that's right, barry is affecting 11 million people particularly in southwest louisiana where we have heavy downpours at this hour and also heavy rain building into the mid south from little rock into memphis and all the way to cape girardo, missouri, heavy, heavy downpours with flooding possible right now with the wind depressions, barry 30 miles per hour, the movement has picked up but that will bring us hea rainvy well into the 90s, we're seeing that in texas right now. >>> barry will continue to bring us that threat even though it is a pr becoming a remnant low this is a big rain maker for much of this region. >> all right, bonnie, thank you very much. >>> just when you think you've seen it all in florida, check out this home invasion >> what now? >> hundreds of cr

i'm frances rivera >> and i'm phillip mena. that breaking news, again, four people are dead including rang >> it way standing there, one of the vendors, and he said, ma'am, you have a 4-year-old baby, the girl right there please turn around and don't let her see this >> had his whole life to live, he was only 6. we just need to catch this guy >> police say one suspect was killed, but they are now searching the area for a second possible suspect nbc's molly hunter joining us now from gilroy. molly, what do we know about the investigation so far >> reporter: hey, guys, good morning. that's right police say there might be a second support role or supporter who is still out there this is still very much an active scene driving into town, police vehicles absolutely everywhere i'm going to toss to the sound bite, play a little bit of sound from the police chief earlier speaking specifically about that possible second suspect. take a listen. >> we have one suspect we know that is downorng that there may have been a second suspect, but

phillip?> all right, tracie, thank you. >>> a new study suggests melanoma, the deadliest form of skin cancer, has spiked in young women. washington university shows rates have increased 800% among women ages 18 to 39 between 1970 and 2009 the possible blame may be the continued use of tanning beds which causes more than 400,000 cases of melanoma each year. >>> a dangerous heat wave is burning up much of europe. unprecedented highs were recorded in france, the netherlands, germany and belgium. in paris where it reached a 108 degrees, the fountains next to the eiffel tower became a hot spot for cooling off experts are warning that the record shattering heat could cause the damaged ceiling of the notre dame to completely collapse air conditioning is scarce in many areas there, making the intense heat all more dangerous. french reports suggest at least five deaths may have resulted from the high temperatures so far. >>> meanwhile in this country, alaska has warmed twice as fast as the rest of the

[applause] congressman phillips: thank you, ted. i'm dean phillips. i have never been so humbled and so honored to work in these times, in this building, and with the most extraordinary group of human beings i have ever had the honor to work with as those behind me. and two years ago, i made a decision, just like the rest of the freshman class, a decision to get off the sidelines and run for office. because i was sick and tired of watching a political system that gives special treatment to special donors. a political system that effectively legalizes corruption and a political system that disenfranchises millions of people who have lost faith that they matter and that their votes are secure. that is why the first bill that we introduced with our new house majority was h.r. 1, the for the people act. it puts government back into everybody's hands, and that is where it belongs. by reducing the influence of big money in our politics, by enhancing election security, by cleaning up corruption, and placing the common interests over the special interests. an

we will talk to ftc commissioner noah phillips next.cebook is reeling over plus facebook's grilling over its cryptocurrency plan on capitol hill continues to generate opinion. i sat down with the ripple ceo. this is bloomberg. ♪ ♪ emily: federal trade commission chair joseph simons announced what we all knew was coming wednesday, the $5 billion settlement between the ftc and the facebook for years of privacy violations by the social network. >> this settlement is the result of an exhaustive investigation which concluded that facebook betrayed the trust of its users and deceived them about their ability to control their personal information. emily: some terms of the deal, increased responsibility by the board to protect user data, but little impact in facebook's lucrative ad business. the agreement was approved by the ftc with a 3-2 vote. the data settlement was made public however. facebook is now being investigated by the ftc on antitrust concerns regarding social media, adds, and mobile. i spoke to ftc commissioner noah phillips who v

all larry kudlow, agree they should throw the phillips curve under the bus. surely there are some people thinking that is a little of it to consensus now. maybe i need an upside call, a call option on the inflation story. are we getting too complacent? kathy: i think so. we have been advocating long-duration since last year. back to a much more neutral stance. the one thing about the phillips curve, they should look at real wages, not nominal wages. when you look at real wages, those are rising. back to a much more neutral stance. the one thing about the phillips not that that will trigger a big inflationary spiral of any type in the next six months or so, but real wages are starting to pick up as the on implement rate goes down. the consensus has gotten a little too dovish. mike: we think tips will do ok. inflationary expectations are beaten down. perhaps when you think about equities doing all right, the fed leaving the punch bowl at the party, or has adding to it, and a bit of realized inflation, seems pretty good. jonathan: maybe the party is just getting

almost as old this bridge that crosses the vent of river on the other side lies phillips only a stone's throw away but unreachable when germany was divided elizabeth is born and raised and fought tells me how this bridge when from connecting people to separating them from her lack during a cold war was located in the exclusion zone what was daily life like. with a few from when we drove in and drove out we had to show a special stamp on her id. no one else was allowed in on friends couldn't visit us. we were allowed to request a visitor's permit from the police for very close relatives 6 we wouldn't know for 6 weeks whether we'd get permission or not this miracle because. in that battle then best place looked very different and you tell us about this bridge and the role it played on. the bridge was a very important artery cause of 4 kids from the holy roman empire inside it was on the v. a regular from leipsic to frankfurt. we liked it very much. and we were able to cross it until 1952 and i'm on now you know my aunt lived in the house on the border of monotonic and then that ended here

i since commissioner phillips may not know a lot about it either.rly days, but basically have a credible reason to believe that there may be a violation that there may be a violation of antitrust laws, that there may be consumer harm that they need to look into. that is basically what that means. that is about all we know right now. we also know that ftc talks to european regulators, so they may be taking cues there, but often they want to grow their own way, so it really remains to be seen what will happen. emily: what is happening right now? >> it is quite likely ifmissioners do not yet know it is at the staff level. they were probably briefed on it but do not know all the details, and that is probably by design. i do know the practice you just described, they would be bundling, requiring that one account be forced to use a thanrent product, so what's up, you would be forced to use a facebook account, so that would be bundling. there are a number of things regulars could be looking at with regard to the antitrust investigation. the most important

>> reporter: chris phillips??ne. >> reporter: he put the baggie in the bathroom? >> no, i'm saying he have access to my house. >> reporter: by the way, chris phillips was never a suspect in the case. in fact, he was a witness for the state. but daniel was adamant that he, at least, was innocent. >> i'm not the one who killed that girl. i'm not the one who killed shelley. i have two younger sisters, sir. what if that happened to my sisters? what if that happened to my mom? i would kill myself before i hurt anybody else. i couldn't kill her because she reminds me of my younger sister, amanda. [ sniffs, cries ] what if that happens to amanda or kati? [ sniffs ] i would kill myself. >> reporter: but it happened to shelley. >> that's what happened to shelley. but i'm not the one who kill her. even if i have to go through this, i'm still telling you, i'm not the one who kill her because i can't. that would be like me killing my younger sisters and i love them. >> reporter: would the jury have believed him, had he testif

trying to take a little tour of phillips tom the small town is home to a true gem a castle dating back to the 17th century and surrounded by a lush park. setting out to explore the world wasn't really an option for the citizens of communist east germany people and couldn't even visit their neighbors here in philip's top nowadays things are much easier look at our globe trotters say pain it all he needs is a ticket a backpack and a sense of adventure this time we caught up with him and durban south africa 2nd biggest city. and we started things off in the sunny city of devon i'm here with my little boy guides tell me we're got is around for today some sun i could go i'm going to be legal welcome to the city of deb and wasn't enough don we're going to take up a lot on a helicopter sure there'd be. something. because room a city is located on the east coast and has a population of about 3 and a half 1000000 in the metropolitan area durban is famous for being the busiest port in the country it's also seen as one of the major centers of to resign because of the city's warm subtropical clima

i rise today to celebrate the life after truly great american, mary phillips white gettis. who will turn 99 on august 6 of this year. she was born in chester california in 1920 which was the same year women gained voting rights. she graduated from chester high school where she was valedictorian of her senior class. she enrolled in erskine college and graduated in 1941 with a degree in music. her first job was teaching high school in anderson, south carolina, and later joined waves, which stands for women accepted for volunteer emergency service in 1943. she began her training at mount holyoke college in massachusetts where she specialized in communications. while studying at smith college in north hampton, massachusetts . she was assigned to the communications office in the norfolk navy yard in portsmouth, virginia. after achieving the rank of lieutenant, she was tasked with the complicated task of coding and decoding communications received and sent by the naval command. her duties included delivering urgent nt top secret -- top secret messages. in 1946, she left the navy

is. >> let's go back to this phillips curve question.urred by some questions among others. he may have been a little bit and said maybe we haven't hit the key level yet. tensionnotion of a between employment and inflation were to be destroyed, what does that say about how we -- can we even reconcile our approach to monetary policy in this country if that tension doesn't exist? >> we are going to have to make some big changes. what you said was right, the idea of a phillips curve makes easier -- makes it easier for the fed. what if they are actually two different goals. the other point is if this relationship is weak, there is no reason the fed should be responding to falling unemployment. what it also means is if monetary policy is effective at all, then there have been real costs to the fed tightening as soon as they did. when she asked him, were you over question mark did you estimate the sustainable level? it's a mistake that has major costs for working americans. they wants sense why to rethink the dual mandate. create a mandate or g

go morning. >> hi there,rances, phillip. good morning the house voted to condemn the comments but did not vote to impeach him. that is off the table for now as lawmakers continue to instigate. but take a look at that rally in north carolina last night. there were chants, "send herit home." as similar to the clothe lock her up" chants you may remember from 2016 as president trump to his time and one by one called out these four women of color, these four congresswomen that he's been targeting, saying that if they don't like what's happening in america, they should go back to their home country >> when you see the four congresswomen, oh, isn't that lovely omar has a history olaunching vicious anti-semitic screeds >> send her back send her back! >> these congresswomen, their comments are helping to fuel the hard but that's okay, litant because we're going to win this election like nobody has ever seen before. >> you c hear the chants there, the reaction from the crowd down in greenville, north carolina the president speaking ab

so our final speaker of the day is do christopher phillips. who is the john and door hi professor of american history at and the university of distinguished professor in the arts humanities and social signs at the university of cincinnati. he is the author of seven books on the civil war era including the rivers ran backward, the civil war on the remaking of the american middle border, which is right back there in the back. and this -- this very impressive book won the tom watson brown prize from the society of civil war historians for 2016. so we are delighted to welcome today professor phillips. [ applause ] >> can everybody hear? well first of all i want to thank kari and liz and gary for inviting me to speak and bringing me all the way here from the wildes of virginia back country also known as the hoi country. i've long wondered why grant-like that another ohio illinoisan that i've been summoned east to the mother state. but after hearing gary's opening talk, i know now. it's to give the naughty talk. so after asking kari about topics to

that commissioner phillips just confirmed?'t know a lot about it, and i sense that commissioner phillips may not know a lot about it either. it is early days, but they basically have a credible reason to believe that there may be a violation of antitrust laws, that there may be consumer harm that they need to look into. so that is what this investigation and facebook has proposed and the ftse has now confirmed. that is basically what that means. that is about all we know right now. we also know that ftc talks to european regulators, so they may be taking cues there, but often they want to grow their own way, so it really remains to be seen what will happen. emily: what is happening right now? ashkan: it is quite likely that commissioners don't yet know at the staff level. they were probably briefed on it, but do not know all the details, and that is probably by design. they are supposed to keep a wall between the investigation. i do know the practice you just described, in antitrust terms, that would be bundling, requiring tha

martha: i think there's been a lot of discussion about the phillips curve over the last two years andn some ways it is a similar story. we've had so much room to grow. we are still waiting for wage growth to pick up again. we saw a lot of fiscal stimulus last year and that helped accelerate wages. we are seeing that starting to be withdrawn and that wages are starting to hold steady. romaine: do we need to see that wage growth completely across the spectrum? if you go into some of the ,ndustries that have lagged those industries do start to see some sort of wage growth. i'm wondering why that gets discounted. martha: i do think there is always going to be specific factors in different industries. you have seen different wage dynamics in industries where there is a threat of workers quitting. that being said, if you look at wage growth in low-wage industries, high wage industries, in general you are not seeing that continued acceleration. joe: you tweeted out some charts today breaking down the report, some of them really caught our eye. i want to talk about the volatility in goods pro

i'm frances rivera >> and i'm phillip mena. coming >>> and a very good morning to you.take a look at the beautiful bay bridge, with already some traffic on it. good morning, everyone. everybody got up early today. thanks for joining scott mcgrew. marcus washington did not get up early today. >> we hope he did not. he's off. i'm laura garcia. kari, it's a little cool this morning. >> it is, a live look at walnut creek, it's all clear. temperatures will dip in the lower 60s in the next several hours and things clearing out as we warm up today and all of our

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>> it's interesting, phillip. having this historically large field of democratic candidates can really be exhausting sometimes. when it comes to these two-night debates it provides an opportunity for voters to see the candidates side by side in different ways. in that first debate in miami, had bernie sanders sharing with joe biden. elizabeth warren all to herself on the first night. in detroit next week, we'll see a different side by side, which is bernie sanders and warren sharing the stage. a real battle of two progressive lane front-runners. i had a chance to ask sanders about what he expects in that matchup. let's listen to how he answered. >> you know, i think senator warren will speak for herself. the theme for me will be to talk about the war against the working class of this country for the last 45 years and the incredible level of wealth and income inequality we have right now. >> we've been following senator sanders all weekend here. the contrast not taking debate with senator warren. he's tried to keep

i suspect that commissioner phillips may not know a lot about it either.c starts an investigation like this, what they have is a credible reason to believe that there may be a violation of the antitrust laws that they need to look into. that is what this investigation means, that is about all we know. we also know that ftc talks to european regulators, but often they want to go their own way. as someone who worked there for many years, what happening right now? >> it's quite likely that the commissioners don't yet know. they were probably briefed on it, but they probably don't know the details and that is by design. to keep a law between investigations. accounts, onet being forced to use a different product. inre's a number of factors regards to the antitrust investigation. is that,critical piece theftc degree are -- has multiple components. protection and competition bureaus operate independently. so, the question will be, to what degree are the overlapping and sharing information from the consumer protection investigation? ceo.en bernie, former ftc faceb

"early today" starts right now good morning i'm richard lui in for frances rivera >> and i'm phillip mena. the family of edward gallagher is feeling relieved this morning. the navy s.e.a.l. has been aquit of multiple war crimes >> they look like -- yeah, freedom. >> gallagher was charged with the 2017 murder of a prisoner in iraq a military jury found him not guilty on all but one count. nbc's steve patterson has this report >> reporter: vindication for a navy s.e.a.l >> tears of joy. >> absolute joy. >> emotion absolute euphoria. >> reporter: the jury acquitting chief edward gallagher of six of the seven charges against him including premeditated murder. >> huge victory. huge weight off the gallaghers >> reporter: but finding him guilty for code of military justice ba humy the decorated s.e.a.l. was charged with an array of war crimes stemming from a 2017 tour of duty in iraq. the most serious, shooting an unarmed citizens and the murder of an unarmed isis detainee. over the two-week trial prosecutors called members of gallagher's own field team who described a man unhinged, testify

phillip, what do you make of that?, i think a lot of these sorts of assessments are hope hicks is sitting there in this judiciary committee hearing. she's got a lawyer by herself. i'm sure that she is pretty familiar with the boundaries of what the verbiage of these questions say. there is another question later on in that hearing, for example, where she is asked if she knew about the stormy daniels payment. she said she didn't. i find it hard to believe that she would have lied under oath with an attorney sitting by her side unless she had some sort of escape clause through the verbiage. a fascinating part to the documents released today which in a footnote it's mentioned that the person who is submitting the search warrant, the federal official said he had spoken to someone from the fbi who said hope hicks had testified that she didn't know about this until early november 2016. that runs contrary to the new records we have today from october 8th, which were mentioned on the screen earlier, but also on october 2th, af

did the best that he could with the circumstances that were thrown at all of the riders but out of phillip you have to think he would have been trying to time the stage trying to time he's moved to the front and then he just thought he had a lot more time. and that's got to be disappointed what was his reaction after they after he was century boss the yellow jersey yeah exactly i mean he acted with great class and of course he had yesterday stayed. as well where he could have perhaps reeled in but with a it would have had to be a stunning performance he couldn't manage it you could see that perhaps a bit of the fight a bit of the energy had gone out of him with the circumstances that came up in stage 19 and he just fell to the wall not to the back but he fell further away from that now so it's a huge success of course for about an hour but it's massively disappointing and a cruel way out of felipe in france to lose out on this major victory briefly the french fans how did they handle it i mean was this kind of highway robbery or no i mean look it's it's just what happens sometimes it may d

>> kyra phillips with us live at the white house. thanks, kyra. >>> now, to your money tonight, and after that major data breach, your personal information, equifax is now paying a record amount. the credit reporting agency now agreeing to pay up to $700 million, in fact, millions will go to american consumers. abc's chief business correspondent rebecca jarvis with what you need to know. >> reporter: tonight, potential relief for the 147 million americans impacted by that massive equifax data breach. >> we vigorously encourage every person who was impacted by the equifax data breach to apply for the relief that they are entitled to as part of this settlement. >> reporter: the credit bureau agreeing to pay almost $700 million, including up to $425 million going to consumers. as much as $20,000 to each victim who lost money to identity theft or even just spent time trying to protect their data in the wake of the breach. but to collect anything, you need to gather the right documents, like statements showing losses to your accounts, rec