alice rivlin: i don't necessarily inc.o anything frighten now but the brexit negotiations will take a long time. as they will have to rethink their policy a couple of times before frexit is entirely behind us. -- brexit is entirely behind us. vonnie: alice rivlin, thank you greatly for your time. more headlines to do with the work -- fbie replacing james comey, he was fired by president trump yesterday. we are told there could be an interim director named today and some in consideration, special agent in charge of the richmond field office, michael anderson in charge of the chicago field and the fbi executive assistant william division and from pennsylvania, counterintelligence executive at the office of director of national intelligence. this is bloomberg. ♪ mark: i am mark barton with vonnie quinn. this is "european close" on bloomberg. vonnie: the magical world of disney is losing the magic. it fell short on revenue largely contributed to a fall off of subscribers for espn channel. bob iger said he is not worried. frank

president rivlin, mrs. rivlin, thank you so much. thank you.nk you for opening your wonderful home and welcoming melania and myself to your amazing country, and that's what it is. it is an amazing country. what you've done is perhaps has virtually never been done before. on my first trip overseas i have comment to this ancient land to reaffirm the enduring friendship between the united states and the state of israel, and it will always be enduring. and that's number one to me. we are not only long time friends, we are great allies and partners. we stand together always. this moment in history calls for us to strengthen our cooperation as both israel and america face common threats from isis and other terrorist groups to countries like iran, that sponsor terrorism and fund and foment terrible violence, not only here, but all over the world. together, we can work to end the scourge of violence that has taken so many lives here in israel, and around the

president rivlin, mrs. rivlin. prime minister netanyahu, mrs. netanyahu. thank you very much.ur invitation and very, very honored to be with you. on my first trip overseas as president, i have come to this is a creditsacred and ancient l the unbreakable bond of the united states and state of israel. the united states and state of israel.

president rivlin, mrs. rivlin. prime minister netanyahu, mrs. netanyahu. thank you very much. i am deeply grateful for your invitation and very, very honored to be with you. on my first trip overseas as president, i have come to this is a creditsacred and ancient l the unbreakable bond of the united states and state of israel. the united states and state of israel. [ applause ] in this land so rich and history, israel has built one of the world's great civilizations. a strong, resilient, determined and prosporous nation. it is forged in the commitment we never allow the horrors of the last century to be repeated. now we must work together to build a future where the nations of the region are at peace and all of our children can grow and grow up strong and grow up free from terrorism and violence. during my travels in recent days, i have found new reasons for hope. i have just concluded a visit to saudi arabia where yesterday i met with king salman and leaders from across the muslim and arab world. and that visit, we reached historic agreements to pursue greater and greater coo

president rivlin, mrs. rivlin, thank you so much. thank you.our wonderful home and welcoming melania and myself to your amazing country. that's what it is. it is an amazing country. what you've done is perhaps has virtually never been done before. my first trip overseas i have come to this ancient throond reaffirm the enduring friendship between the united states and the state of israel. and it will always be endurin enduring. and that's number one to me. we're not only long time friends we are great allies and partners. we stand together always. this moment in history calls for us to strengthen our cooperation as both israel and america face common threats from isis and other terrorist groups to countries like iran that sponsored terrorism and fund and foment terrible violence, not only here but all over the world. together we can work to end the scourge of violence that has taken so many lives here in israel and around the world. most importantly, the united states and israel can declare with one voice that iran must never be allowed to posse

president rivlin, mrs. rivlin, prime minister netanyahu, mrs. netanyahu, thank you very much.your invitation, and i'm very, very honored to be with you. in my first trip overseas as president, i have come to this sacred and ancient land to reaffirm the unbreakable bond between the united states and the state of israel.

president rivlin, mrs. rivlin, prime minister benjamin netanyahu, mrs. netanyahu commit thank you are a match. i am deeply grateful and very honored to be with you. i'm a first trip overseas as president, i have come to the sacred and ancient land to reaffirm the unbreakable bond between the united they and the state of israel. [applause] in this land so rich in history, israel has built one of the world's great civilizations, a strong, resilient, determined and prosperous nation. it is also a nation in the commitment that we will never allow the horrors and atrocities of the last century is to be repeated. now we must work together to build a future where the nations of the regions are in peace and all of our children can grow and grow up strong and free from terrorism in violence. during my travels in recent days, i have found new reasons for hope. i have just concluded a visit to saudi arabia yesterday met with king salman and with the leaders from across the muslim and arab world. in that visit, we reached agreements to pursue greater and greater coo

president rivlin, mrs. rivlin, prime minister netanyahu, mrs. netanyahu, thank you very much. honored to be with you. on my first trip overseas -- between the united states and the state of israel. [applause] >> in this land to rich in

the president's remarks with reuven rivlin, the israeli president were very brief. within the very brief remarks the focus on iran was proportionate. iran must never be allowed to possess a nuclear weapon, must cease its funding and training of terrorists and militias. if there's one message, one thread of the president's advisity so far, whether it be to saudi arabia, his speech to the sunni leaders in this stop in israel, it is making iran the common enemy. >> john, you know, you're exactly right and this is the common denominator the president is trying to find with the arab states and with israel. it's ironic, because he really dug into that line about iran never getting a nuclear weapon. the nuclear agreement reached by president obama is exactly that, and it's an agreement that president trump has maligned but it does more than anything we've been able to do to put far into the future of prospect of iran getting enough materiel for a nuclear weapon. everyone is united around that principle and there's a lot to be done to push back against iran's objectionable

president rivlin, mrs. rivlin, prime minister benjamin netanyahu, mrs.ank you are a match. i am deeply grateful and very honored to be with you. i'm a first trip overseas as president, i have come to the sacred and ancient land to reaffirm the unbreakable bond between the united they and the state of israel.

president rivlin, mrs. rivlin, prime minister netanyahu, mrs. netanyahu. thank you very much. i am deeply grateful for your invitation and very, very honored to be with you. on my first trip overseas as president, i have come to the sacred and ancient land to reaffirm the unbreakable bond between the united states and the state of israel. in this land so rich in history, israel has built one of the world's great civilizations. a strong, resilient, determined, and prosperous nation. it is also a nation forged in the commitment that we will never allow the horrors and atrocities of the last century to be repeated. now we must work together to build a future where the nations of the region are at peace, and all of our children can grow, and grow up strong, and grow up free from terrorism and violence. during my travels in recent days, i have found new reasons for hope. i have just concluded a visit to saudi arabia, where yesterday i met with king salman and the leaders from across the muslim and arab world. in that visit we reached historic agreements to pursue greater and greate

we are waiting for president rivlin and president trump to speak. we will bring that to you live when they go. coming up an exclusive interview onh jamie dimon, his view the u.s. economy. this is bloomberg. ♪ jonathan: from new york city, you're watching "bloomberg daybreak." let's go through the market action. futures positive, up 0.1%. up by two yields basis points. euro strength, dollar weakness. the story continues for your 1.1234., donald trump getting ready to speak alongside the present of israel. let's take a listen. president trump: we are very honored to have the two of you working so hard to try to bring about peace. i think you will be very successful. if not, you will get blamed because i just put it on record. [laughter] president trump: my staff has been fantastic. rex, secretary of state, has done a fantastic job. we just got back from the middle east, saudi arabia. we were treated incredibly well. it was tremendous, a good feeling toward israel. , you can callngs it outreach, but what has turnedd with iran has many other parts of th

listen to how he talked about this earlier today when he was meeting with israeli president rivlin. >> i also look forward to discussing the peace process with palestinian president abbas. young israeli and palestinian children deserve to grow up in safety and to follow their dreams free from the violence that has destroyed so many lives. >> reporter: now, president trump is expected to meet with president abbas in the palestinian authority tomorrow, and what you're seeing is really the notion that he's going to try to turn the israelis and the palestinians against a common enemy, iran, and unite them in that. now when you talk to analysts leading up to this trip, no one really believes that there's suddenly going to be this huge shift and that there's going to be an enormous breakthrough for mideast peace, but they do believe that israeli and palestinian leaders are at least making signals that they're willing to show up at the negotiating table. whether that ultimately leads to a deal, though, that is still a big question, poppy. >> all right, sara murray in jerusalem, thank you ver

president rivlin, mrs. rivlin, thank you so much. thank you.onderful home and welcoming melania and myself to your amazing country. and that's what it is. it is an amazing country. what you've done is perhaps has virtually never been done before. when my first trip overseas i've come to this ancient land to reaffirm the enduring friendship between the united states and the state of israel. and it will always be endured. and that's number one for me. we're not only longtime friends, we're great allies and partners. we stand together always. this moment in history calls for us to strengthen our cooperation, as both israel and america face common threats from isis and other terrorist groups to countries like iran that sponsor terrorism and fund and foment terrible violence, not only here, but all over the world. together we can work end the scourge of violence that has taken so many lives here in israel, and around the world. most importantly, the united states and israel can declare with one voice that iran must never be allowed to possess a nucl

president rivlin, mrs. rivlin, prime minister netanyahu, mrs. netanyahu. thank you very much.m deeply grateful for your invitation and very, very honored to be with you. on my first trip overseas as president, i have come to the sacred and ancient land to reaffirm the unbreakable bond between the united states and the state of israel.

begins with this arrival ceremony at the airport in tel aviv before meeting with israeli president rivlin. after that, he has this afternoon two visits to supremely holy sites, the church of the holy sepulcher, which is the holiest site in christianity for those of that faith as well as a visit to the western wall, which is the holiest site for those of the jewish faith to pray. all of this, and then later on this evening, he's expected to meet with israeli prime minister benjamin netanyahu, and president trump and his wife, first lady melania trump, are expected to dine with the prime minister and his wife. and of course, this all comes against a backdrop of the president making clear that he wants to see a mideast peace agreement during his tenure. to that end, while he's meeting with bibi netanyahu today, tomorrow he'll be meeting with president abbas at the palestinian authority. if you talk to analysts, their hopes certainly aren't high that you're going to get some kind of monumental breakthrough on this trip, but it will be interesting to see what president trump says publicly in t

now, he met earlier today with israeli president rivlin. take a listen to a little bit about what president trump had to say. >> i also look forward to discussing the peace process with palestinian president abbas. young israeli and palestinian children deserve to grow up in safety, and to follow their dreams free from the violence that has destroyed so many lives. >> reporter: now we know of course president trump will be meeting later on this evening with prime minister benjamin netanyahu, but tomorrow, you saw him sort of foreshadowing his meeting with president abbas of the palestinian authority, as president trump tries to see essentially how much progress he can make on his quick visit here toward moving towards this goal of a mideast peace deal but of course right now we are awaiting president trump to show up at the western wall, as you mentioned, poppy. this is a tricky visit. he is walking a very politically sensitive line here. it's the reason benjamin netanyahu will not be alongside him, and this is an extremely holy site for th

focus of this trip but surely it will come up in discussions as he meets this morning with president rivlin. he'll visit the old city, church of holy sepulchre as the western wall the first sitting president to do that. he'll have a meeting this evening and joint statement with prime minister benjamin netanyahu. the president will wrap up his two-day stay here tomorrow. a visit to the west bank and a discussion with palestinian president mahmoud abbas. that is the latest live here in jerusalem. francis, back to you. >> certainly a lot in the overnight hours as we sleep. jay gray, thank you so much. >> well, joining in on the country's traditions has been a well honored pastime of presidents abroad, reagan, clinton, bush and obama, each commander in chief joining in on a little cultural fun. it's president trump that may have taken the cake when he jumped in on ceremonial sword dance. have you to check it out as he's surrounded by saudi performers during the ceremonial dance. really not to be missed. secretary of state linking arms and joining in. good stuff. >> to north korea where another

we will talk about the decision with alice rivlin.ggles to get a grip on the changing cable-television business. chief executive bob iger tells us what changes he is making to

rivlin,t rivlin, mrs. prime minister netanyahu, mrs.ou so i deeply grateful for your invitation. and i am very, very honored to be with you. sees --irst over trip my first overseas trip as president, i have come to this sacred and ancient land to reaffirm the unbreakable bond between the united states and the state of israel. [applause] in this land so rich in history, israel has one of the world's great civilizations. a strong, resilient, determined and prosperous nation. nation forged in the commitment that we will never allow the horrors and atrocities of the last century to be repeated. now, we must work together to build the future where the nations of the region are at peace. and all of our children can grow and grow up strong and roof up free from terrorism and violence. during my travels in the recent days, i have found new reasons for hope. i have just concluded a visit to saudi arabia where, yesterday, i met with king solomon and with the leaders from across the muslim and arab world. that visit, we reached historic agreements

he's going to meet with president rivlin who is going to head shortly to the old see of jerusalem asou can see behind me to visit the western wall. and later today, he'll be speaking with prime minister benjamin netanyahu. a lot of things on the table. not the least of which is going to be the security of intelligence, carolin. >> how controversial is it that, that is, president trump, that he's actually visiting the old city? >> reporter: oh, absolutely, so many conversations since the campaign trail about whether or not the u.s. would be moving its embassy to jerusalem. of course, over the weekend, i was speaking as i mentioned with arab leaders as well who said that that is not something that they're focused on. they think it might be something that goes away quietly with a wreath. it's whether or not they can convince folks around the table not just to talk about the israeli/palestinian issue but what is happening with syria and convincing russia to come to the table. >> hadley, give me an idea of how much pressure benjamin netanyahu is under, given that trump and his administrat

accusation but president trump earlier today met privately and made public remarks with israeli president rivlin saying they hope this is a new era in sort of brokering a peace deal. this has been elusive for other administrations and a deal that president would be the deal of all deals. kushnerdjaered to broker those deals. there are senior members of the administration who have returned to the united states. reince priapus and steve bannon are among them. while the administration would like to move past the firestorm of controversy about the ongoing investigations that have clouded this administration back home, they had unanswered questions that are still very much being asked despite a lack of answers. jerusalem. vonnie: thank you so much. comments fromyou benjamin netanyahu and donald trump later on. mark fields is out as the ford ceo. turnaround specialist jim hackett is in. the stock is up 1.3%. fortis told a press conference on the decision right now. jim hackett is taking some questions from the street and observers. vonnie: live from new york and london, i am vonnie quinn. matt: mark:

he has a packed schedule including a meeting with israel's president ruben rivlin and benjamin netanyahuheads to europe where he will meet with the pope and other world leaders. jon karl is in jerusalem and has the latest details. good morning, jon. >> reporter: good morning, robin. president trump made history the moment his plane touched down here in israel. it is the very first time that we had a direct flight from -- to israel from saudi arabia. which is the birthplace of islam and has no relations with israel and no flights the president arrived in israel in pursuit of what he calls the ultimate deal. middle east peace. >> i have come to this sacred and ancient land to reaffirm the unbreakable bond between the united states and the state of israel. >> reporter: no american president has visited israel so early in his presidency. but president trump started his trip in saudi arabia. the heart of the islamic world. there in the birthplace of islam, an image that not long ago would have been impossible to imagine. donald trump offering a message of unity to the world's muslim leaders.

. >> walter, joining us this morning, alice rivlin, former fed vice chair founding director of the cboave you with us as well. >> good to be here. >> how seriously are you taking some of these projections in real gdp growth after 2021? >> well, i think they're very optimistic. they're talking about 3% growth for the long run future, and we haven't seen 3% growth for a very long time. the more responsible projections these days are about 2%, just under and that's a big difference. they are projecting a third as high growth as one can expect to see. it's hard to know what the reasoning would be. we have slow growth in the labor force that's because a lot of people are retiring and we've known about that for a very long time and the only way you get higher growth with a very growth in the labor force is to have high productivity growth. behaven't seen that any long time and this budget does not invest in future productivity growth. >> rarry summers calling it ludicrous and made other fiery remarks as well. >> this is extremely optimistic rosy scenario's special given where the economy is

president reuven rivlin. >> we are happy to see america is back in the area. america is back again. >> israel is pleased with the change in posture from the obama administration, cool indifference has been replaced by the familiar warmth between old friends. >> i want you to know how much we appreciate the change in american policy on iran which you enunciated so clearly an hour ago. i want you to know how much we appreciate your bold decision to act against the use of chemical weapons in syria. >> the visit has been rife with symbolism. it president trump visiting the holiest site in the christian faith, the church of the holy sepulcher and becoming the first president to visit one of judaism's holiest sites, the western wall, where the president said a prayer and tucked an end notes between the blocks. >> we must take advantage of the situation, and there are many, many things that can happen now that would never have been able to happen before, and we understand that very well. speak of the difference is an increasingly emboldened iran seen by israel and mu

palestinians, something he discussed in a brief meeting this morning with israeli president reuben rivlin. >> young israeli and palestinian children deserve to grow up in safety and to follow their dreams free from the violence that has destroyed so many lives. >> reporter: mixing sight-seeing with diplomacy the president and first lady melania toured the church of the holy sepulchre followed by a walk through the normally old city now locked down by security and the western wall, where mr. trump became the first sitting president to pay his respects to one of judaism's most sacred sites. this evening president trump will sit down for a meeting with israeli prime minister benjamin netanyahu at the king david hotel where he is staying in what authorities describe as a bullet and bomb-proof suite. he'll wrap up his two-day stay here with a trip to bethlehem tomorrow and a meeting with palestinian president abbas. jay gray, nbc news, jerusalem. >> stay with nbc bay area for continuing coverage of president trump's first foreign trip. nbc anchor lester holt will bring the show live from jerus

this is what president rivlin said earlier. if you hear anything different in this statement? >> we have not yet achieved our mission, of living in peace with our neighbors, the palestinians and we, with the rest of the arab world. our destiny, palestinians, and jews, is to live together in -- is the president. we must build trust and cooperation between us. but in order to achieve this, we need new ideas, new energy, that will help us move for together. melissa: my husband does deals all the time. he says if you want to get more you have to give more. do you think that signal, do you hear that in there? do you hear a hand reaching out? >> we pray for peace every day, the jewish people pray for peace. we proved that you can achieve peace when you negotiate with egypt and signed a treaty with egypt. the same with jordan. unfortunately with the palestinians we see a culture of hate, of incitement. they're paying salaries for convicted murders and convicted terrorists. if we change the notification of terrorism we can go back to n

palestinians something he discussed in a brief meeting this morning with israeli president reuven rivlin young israeli and palestinian children deserve to grow up in safety and to follow their dreams free from the violence that has destroyed so many lives. >> reporter: mixing sightseeing with diplomacy, the president and first lady melania toured the church of the holy sepulchre followed through a walk to the city and the western wall and the president became the first to pay respects at one of judaism's most sacred sites. president trump will sit down with a meeting with israeli prime minister benjamin netanyahu at the king david hotel where he is staying at what authorities describe as a bullet and bomb-proof suite. he'll wrap up his two-day stay with a trip to bethlehem tomorrow and a meeting with palestinian president abbas. jay gray, nbc news, jerusalem. >>> nbc's lester holt is traveling with president trump and will be reporting live from jerusalem tonight. we'll have full coverage on nbc nightly news after nbc 10 news at 6:00. >>> breaking news in the investigation into possible

the president will then travel to israel, with president rivlin and prime minister netanyahu, he willreaffirm the unshakeable bond to the jewish e station. expressing desire for dignity, self determination for the palestinians with president abbas. and to leaders and peoples alike across the entire trip he will demonstrate his hopes for just and lasting peace. in rome, the president will be honored to accept an audience with pope francis. he looks forward to paying his respects and to discussing religious freedom, ways to combat religious persecution, human trafficking and cooperating on humanitarian misses across the globe. he will also pay his respects to the italian people, by meeting with the president, the head of state, and one of america's most important treaty allies and trading partners. he will see prim minister who is hosting the g-7 conference in sicily. the president will continue to brussels for the nato leaders meeting. he will reaffirm america's commitment to the alliance. while stressing the need for members to pay their fair share, to shoulder responsibility, to shar

the president will then travel to israel with president rivlin and prime minister netanyahu, he will reaffirm america's unshakable bond to the jewish state. with president abbas, he will express his desire for dignity and self-determination for the palestinians. and to leaders and peoples alike across the entire trip he will demonstrate his hopes for just and lasting peace. in rom he, the president will be honored to accept an audience with pope francis. he looks forward to paying his respects and to discussing religious freedom, ways to combat religious persecution, human trafficking, and cooperating on humanitarian missions across the globe. he will also pay his respects to the italian people by meeting with president, the head of state of one of america's most treaty allies and trading partners. you also see, again, the prime minister who is hosting the g-7 conference in sicily. from rome the president will continue to brussels for the nato leaders meeting. there he will reaffirm america's commitment to the alliance while stressing the need for members to pay their fair share. to

a marvelous annual series called setting national priorities written by charlie scholz and alice rivlinhe various line items on the spending and revenue side and really comes at the core of what a budget is trying to accomplish in terms of establishing and setting the national priorities. you can look at this trump proposal through that lens and get a clear sense of the emphasis the president is placing on certain issues. and what he is overlooking in others. that's the debate we need to have. francine: does the budget actually risk alienating trump's supporters? stephen: it's hard to know what whatever alienate his base supporters. they don't seem to have a deep appreciation for a lot of the issues that we debate on shows like this or and financial markets. it's more about admiring the president for his disruptive ofp on the structure governance rather than on deeper issues. tom: we are going to come back and do more with michael mckee in the coming days on the budget as well. stephen roach will continue with us on bloomberg rale radio. let me do a foreign exchange report this morning.

aliceon, economist rivlin. ♪ david: the combined market capitalization of the nasdaq's five most viable$3 trillion after 24% this year. apple contributes $800 billion to the number. -- ing us is sam stovall steve -- welcome. good to have you back on the program. why is apple up so high? steve: it has been an amazing performer. at the earnings estimate, it has not changed much over the last six to 12 months. i think it is largely a narrative change. the story is gradually shifting from a business where they have got to have a new part every year or two, to a more annuity driven business where the focus year whichng 20% per allows them to sell more phones. i think that expansion is largely what explains it. finally, people are underweight. it is hard to be overweight apple. david: one person, warren buffett. he really reinforced why he thinks apple is such a good. his partner out there said it is a good idea that warren has finally seen the light. helpingt be apple'stock. >> a couple of his portfolio managers got into it earlier. he seems to have piled in early this year. he has pulled ba

the president will then continue on to jerusalem where he will meet with president rivlin and lay a wreathbrate the unique history of israel and of the jewish people while reaffirming america's unshakable bond with our closest ally in the middle east. later that day he will meet with prime minister netanyahu. that night the president and the first lady will join the prime minister and mrs. net an a ya hue -- netanyahu for a private dinner. the following morning the president will meet president abbas in bethlehem where he will convey the administration's eagerness to thatting ill tate an agreement that ends the conflict. and he will urge palestinian leaders to take steps that will help lead to peace. and he will visit the church of the holy she pull kerr and say a prayer at the western wall. in rome the next day, the president will have an audience with the pope at the vatican. he looks forward to celebrating the rich contributions of catholics to america and to the world and to discussing a range of issues and mutual concerns, some of which i summarized last time. before leaving the vatic