however, rumors of a white house staff shakeup continue to swirl.sident trump reportedly considering hiring his former campaign manager corey lewandowski as a war room crisis manager. last night the president tweeted, despite the negative press. does the white house need a shakeup and spell check and who will be part of the shake? joining us is "digital politics" editor chris stirewalt. chris: that was classic tonight show. i feel like i should come out and do a comedy set right now. i do believe it's covfefe. kennedy: i believe it's which hemisphere you are in. chris: which way don't drain go down. kennedy: corey lewandowski is going back in the game. he's suiting up, what role will he have on the team? chris: i have a different lens on this. you can change the staff all want, bring in this person or take out this person. none of it matters until the president empowers someone to succeed. what it requires is to have around you a relatively small number of people. the civilian government is 2 million people. it's a lot. so you have got 2 million civ

coming up, a shakeup with j.crew. we sit down with the ceo on the looming restructuring for j.crew.berg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. long-time j.crew treat is stepping down as ceo. ofgoing replaced by the head the home furnishing chain westbound. this comes as restructuring deals are happening. joining us now, senior creditor and list. his obviously lived and breathed three tell his whole life and he has been entirely successful at everything has done, for the most part, so why this shakeup now? he not be the right person to bring j.crew through this? answer for that is his experience with cap and 95. he ran it through 2002. this introductory which is invigorating, driving a lot of stuff into the brand, but's the passion component alienated the constituency. you need to bring in a new management to shake up the core. let's also not forget, mickey is in his 70's such might be a function of collecting with h millennial's. vonnie: what about the new guy? it's coming from a home furnishing chain and is not knowing about the same demographic is catering to. i

let's to continue with an unexpected executive shakeup at ge.he change out of the top of general electric in the 16th year in the house, the chief executive is stepping down and out thing that health care has john buttery assuming the role. explain the timing of this decision. >> the timing is a surprise. this was likely or increasingly likely now that try on stepped up its pressure on ge. was thatnal position we like the plan, we are leaving them alone. after several years, they decided they will step it up. >> what is flattery bring to the table? he is a third year company veteran. what will he add to the party? >> there are investors who are disappointed. there was a feeling that maybe ge needed an outsider ceo or a ge alumnus to a gone on to work with other companies having the non-ge experience to shakeup the institutional giant. is probably the best of the insider candidates and he is record --e -- track he has a track record. in the interim, the company will be run by management committee as it tries to navigate a wave of scandal. the boa

and a palace shakeup in saudi arabia.year-old donna the king, deputy crown prince mohammad bin cousinhas replaced his as heir to the throne. he is in control of saudi arabia's defense, control -- oil, and economic policies. i mark crumpton, this is bloomberg. david? president donald trump's america outside help. steve mnuchin be can according companies to join a tolic-private partnership begin building infrastructure. let's talk about how the treasury secretary is going about doing this. there was a big event outside washington dc earlier this week. the treasury secretary noted how big it was and all the people who were there. what were they trying to do and what were they talking about with members of the u.s. government? in mind herehave was finding investors for the huge infrastructure construction plan that donald trump has been pressing for since his campaign. even of course, has not begun to move through congress. they do not have any kind of even a draft done. they are trying to figure out how to finance that, and

. >>> still ahead, a shakeup at the white house. we will tell you about a new role for sean spicer.>>> were learning new details about the death of actress carrie fisher. the illegal drugs found inside of her body. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. >>> sean spicer is reportedly taking on a new role in stepping back from his duties at the podium. a number of media outlets are reporting that spicer is leading the search for his own replacement and will continue to feel the duties of the communications director. the post has been empty since may. as for who will replace spicer, as reported that sarah huckabee sanders does not want the job. >>> resident trump welcomed another head of state to the white house after a series of tweets over the weekend claiming he is the target of a which o

danya: a shakeup at the largest ride hailing company. uber c.e.o.nnouncing he will take a leave -- travis kalanick announcing he will take a leave of absence for unspecified amount of time. in a memo saying, "i need to take time off from day-to-day to grieve my mother who i buried on friday. and if we are going to work on uber 2.0 i need tom work on travis 2.0 to be the leader that the company needs and you deserve." the announcement coming on the same day as a released list of recommen uber toxic culture. eric holder's firm hired after they were accused of turning a blind eye to sexual harassment. after interviewing 200 current and former employees they released a 13-page document of the recommendations including relieving kalanick of leadership responsibilities, shifting them to a chief operating officer and senior managers. the big question now will travis kalanick return after the leave of absence? last week they fired people at the recommendation of firm. investigators are looking to see what killed two teenagers hours before graduation. and ca

a saudi shakeup. theking named his son as ruler next in line. we look at what this means for the kingdom's future. anxiety after a bear market. we are halfway into the trading day and abigail doolittle joins us now with the latest, mostly it is about oil. be getting very moment. now we have a divergence. abigail: we have the dow trading slightly lower. the nasdaq up 6/10 of 1%. that is being held down by technology along with biotech, the s&p 500 also off slightly. no record today. it seems investors are taking a breather although again, we have that tech heavy nasdaq outperforming after yesterdays pullback. relevant to the s&p 500 and energy, let's look at the bloomberg and look at the eye message. a great way to see things happening. few investors are higher than self health care, but moments ago it had actually been the worst sector. oil has been on not only a bear market relative to the near term but also this whipsaw action. the oil movers on the day, we will see the oil is down. slightly down by 4/10 of 1%. after the inventory report where

.>>> a big shape -- shakeup and how a rape investigation overseas the firing of eight top executive.>>> a man accused of selling disabled placards coming up. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. >>> downtown cleveland is rocking out. the warriors lead the series 2- 0 and tonight is a must when for cleveland. who have a live report with all the atmosphere and what you expect coming up in 20 minutes.>>> san francisco is in time for game three and its first official warriors store and a lot of folks hungry's -- hungry for hats jerseys and a bobble heads. took the new official warriors teamster has enough hats to make your head spin. chock full of bobble heads and basketballs. the choices are dizzying. >> make lebron play again.>> the diehard fan is one of dozens to fit the san francisco center. the first of its kind in the city.>> melissa is

plans to shakeup the communications operation. the 4 on 2 starts now. >>> another fire ignites during our prolonged heat waves. crews rushing to moraga to try to save homes . evacuations are called. welcome everybody to the 4 on 2 . >> we begin with breaking news and moraga were that to a long grass fire continues to burn. not as intensely as a was a short time ago. here are some live pictures from sky fox. flames were spotted one hour ago near the high school. we arrived on the scene and were joined with an update. >> we are here at the command center. eight acres are burning behind us. we have the chief here with this. what is the latest? >> the update is we are up to 10 acres and we are 10% contained at this time. we have homes threatened behind us here at hansen court but we slowed the spread of the fire. >> reporter: cal fire has been dropping water.>> it's been really helpful. we had mutual aid from cal fire and contra costa he fought -- contra costa fire. we are starting to get the upper hand. >> you're dealing with these t

why is the mainstream media so obsessed with these shakeup stories? >> very good question.racle that sean spicer walked out yesterday because at the least, the press kept telling us he wasn't going to do the briefings anymore. as recently as yesterday, msnbc and others were saying reince priebus could be replacing him. stephen bannon was supposed to be toast, he still part of the end and circle. these stories are fun, they're gossipy, they're juicy, and there a lot easier for the media than dissecting the intricacies of climate change. >> heather: here's what kellyanne conway had to say and this is what she had to say about it. >> i went back and look at some of my notes. the very first time i was ever asked about somebody being pushed out of the white house was january 23rd. we had been here for my three whole days. there's been a story a minute about that. i guess learning the finer points of health reform and tax reform and infrastructure. >> heather: that goes to what you're just saying. and so to speak about the issues, it's easier to type on these nonstories. >> they'

saudi arabia announces a succession shakeup.into bear markets. >> the sentiment is relatively negative. >> too much oil in the market. shery: pulling the person strings of economies across the globe, talking about their target and challenges. >> at the end of year, we will be ready to go into market. >> we are just not going to be

saudi arabia announces a succession shakeup.nd oil stumbles into bear markets. >> the sentiment is relatively negative right now. >> there is too much oil in the market. shery: pulling the person strings of economies across the globe, talking about their target and challenges. >> it is not time to tie up monetary policy. >> at the end of year, we will be ready to go into market. >> we think there is space to modernize nafta. >> we are just not going to be satisfied with 2% growth. shery: and some of wall street's most respected voices offer perspective on investing. >> it makes no sense to buy and etf. >> it's a very attractive moment. >> technology is replacing jobs and technology can also be used to grow jobs. shery: it is all straight ahead on "bloomberg best." ♪ shery: hello, and welcome. i am shery ahn. this is "bloomberg best." your weekly review of the most important business news and analysis and interviews from bloomberg around the world. this week marks the one-year anniversary of the brexit referendum. and on monday,

major political shakeup. saudi arabia's king salman relieved his nephew, muhammad bin nayef as crown prince. the king is replacing him with -- we know who, his son, 31-year-old mohammed bin salman. the saudi stock market surged on that news. for more on that story, head to web w cnbc.com for full analysis. >>> amazon strikes again how the latest service will effect warwardrobe that's after the break whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. . >>> welcome back to "street signs. whitbread reported a near 3% like for like sales in the first quarter. it opens premiere inns hotel and totals rose 7% over the period that was in line for expectati

how a shakeup in the world's --gest oil producers hearings on the russian investigation continue. we caught up with representative eric swallow of virginia coming up. and bloomberg's editor-in-chief sat down with mexico's finance minister. a look at his thoughts on the peso and the threat of a downgrade. we head towards the close. -- weia certainly has have the dow and s&p 500 trading lower. between the dow and nasdaq, that is between nine cents. nasdaq held up not just by technology, but also biotech. nearly out of the bear market, adjusters may think the pressing concern is gone. plus, there's lots of data out bere and investors may putting on the way. we have apple, amazon, alphabet, facebook all trading howler -- higher. -- apple is still below the average and we have a little bit more. back in 1986, 156 days, that is the current record. today, we are matching that. we are now on a 156 without a pullback. backoint to be made is then in 1986, much of the -- ing was comprised right now, we are down about 2% from the top. it may suggest we could see some biotech names. u.s. home

. >>> a growing number of democrats are looking for a leadership shakeup after that devastating loss in georgia's sixth district. some are even suggesting it's time for house minority leader nancy pelosi to go. listen to tim ryan and tim moulton, both democrats, calling for a new generation of leadership to move the party forward. >> you think nancy pelosi is more toxic than donald trump? >> you know what, the honest answer is, in some areas of the country, yes, she is. as unfair as it is, there have been a lot of people that have spent a lot of money running negative ads against her. and i think that in certain areas like in some of these special election districts, it doesn't benefit our candidates to be tied to her. and it's not fair, but it is true. and there's a reason why the republicans are still using it. >> it's clear that i think across the board in the democratic party we need new leadership. it's time for a new generation of leadership in the party. >> reporter: democrats have lost all four special elections since president trump took office including georgia where jon os

. ♪ kicking off with a shakeup for french politics following yesterday's parliamentary elections.he barely one-year-old party of president emanuel macron is on the brink of a landslide victory. his centrist republic on the move party looks set to win hundreds of seats, crushing socialists and conservatives. up to 445 seats on the move. the conservatives coming in farnd with john ma©lenchon right party and the socialist party that ruled france in the last five years has lost almost a third of its seats, possibly more. impressive results for centrists, which is somewhat tainted by a record low turnout. yesterday more than four -- more than half of french voters -- >> it is being heralded as a .andslide victory after one round of voting the new political party won 32% of parliamentary seats. analysts predict that they will now have nearly 400 seats, or 70% after next week's second round. >> emmanuel macron has 32% of votes after this first round of legislative elections. this means he is very likely going to have a large majority in parliament, so he will be able to pass his reforms.

we have more on bloomberg for the shakeup on the board.et our exclusive interviews later on. the thailand stock exchange president will join us at 8:30 hong kong time, 10:30 if you are watching out of sydney. betty: you can get a roundup of the stories you need to know to get your day going. bloomberg subscribers go to dayb , and you can customize your settings so you get the news on the industries that you care about. this is bloomberg. ♪ yvonne: this is "bloomgberg daybreak: asia" live from hong kong. betty: boeing beat airbus in an air show for the first time in five years. it won orders and interest for about 370 planes worth up to $2 billion. airbus managed to hundred 29 planes. -- 229 planes. asian investors were particularly attracted. toyota is having to play record incentives to keep the camry ahead of the field in the u.s. the new model goes on sale next month. it will cost $900 more, but feature $4000 more in extras. the camry has led sales in 15 years and has escaped the sales drop off suffered by rivals. sales are down 12%

the hedge fund called on the company to buyback stocks as part of a broad shakeup. estimatesing the cost of the nuclear plant project after the british parliamentary watchdog called the deal risky and expensive. the plan has been plagued by delays. on track to becoming the first u.s. state to have its credit rating downgraded to junk status because of its deficit. s&p global ratings has warned it will lower the state's credit fail tos if lawmakers agree on a state budget for a third straight year. illinois faces a $15 billion backlog of unpaid bills. time for the press review. you're starting out with british government. positions negotiation will be released to the eu later this monday. be sending a 15 page plan. a rather unfortunate juxtaposition on the front page. the queen and prince philip. the bold headline, may aims to throw eu inmates after brexit. the paper does not take the queen is an inmate herself. it's an unfortunate positioning of picture and title. the government is sending that 15 page plan to the eu. it will outline britain's position on migrant ri

saudi arabia announces a succession shakeup.markets. >> the sentiment is relatively negative. >> too much oil in the market. shery: politicians who hold the purse strings of economies across the globe, talking about their target and challenges. >> i don't think it's time to tighten monetary policy. >> at the end of year, we will be ready to go into market. >> we are just not going to be satisfied with 2% growth.

major shakeup for uber. >> reporter: good morning.we're operating somewhat on a bit of hearsay with regards to what led up to the official resignation but we have confirmation from the company which came out lay it on tuesday that travis kalanick resign. five of the major shareholders wrote a letter demanding he step down immediately. now this comes in the wake after bill time for the company which was found in 2009 and now set to be valued around $70 billion. company has come one significant firing for toxic culture and significant discrimination, rumors aboundsing. travis kalanick has had a difficult time recently given the death of his mother and he's on a leave of absence. turning to what's happening in the market, it's a sea of european equities taking the lead from asia. oil prices down around two-thirds of a percent in today's trade. back to you. >>> thank you very much. still to come on "early today" daniel dave lewis is calling it quits on acting. plus the investigation in this awkward hug and how ivanka trump and senator rub

. >>> big shape -- shakeup an uber headquarters as the company cracks down on employees bad behavior at work . the steps uber is taking to ensure workplace safety. >>> a warning to drivers in the north bay before this march rain officially open to the public we will tell you by the efforts by police to ensure that drivers are safe around those tracks. >>> good morning. we can see that traffic is moving along pretty well. if you're driving on the bay bridge approach. it looks good. we will tell you more straight ahead. >>> our active march weather -- wait a minute, it's june. we have a system on the way. we will start off with low clouds but breezes are picking up and rain is on the way in about 24 hours. >>> welcome back. pg&e has been ordered to pay $400,000 fine for a transmission tower that fell over in 2015 and caused a huge blackout in monterey county. the california public utilities commission says that tower at pg&e's lost landing substation was not properly installed, which caused it to fall over in october 2015. more than 55,000 people lost power. some of them were up to 17

. >> that shouldn't be legal. [ laughter ] >>> a shakeup at uber.e could know tomorrow if the ceo is taking a leave of absence. the board of directors discussed the idea after several controversies with the company including sexual harassment claims. travis kalanick propose the idea, himself, taking time off after his parents were involved in a deadly boat crash. >>> gas prices are on the way down and industry experts say it could continue unless oil prices rebound. the national average is $2.40 and in san francisco, $3.20. in oakland, $3.13 and san jose, $3.12. >>> san francisco's ferry building is set to go on sale in the next few weeks. blackstone is reportedly ready to sell the landmark with other properties and the deal will triple blackstone's $3.8 billion equity investment, reportedly. >>> let's take a look at the big board. the dow was down about 67 points and we will be right back. the divine miss m finally gets her due from broadway.... >>> today's tip is for drilling time. we are grilling yellow sweet onions. let me tell you why they are

and this after whole foods announced a board shakeup andlag sales and they were under pressure from activist investor. >>> and wal-mart is buying online mens retailer for bonabos. it caters to male shoppers. since buying jet.com and keeping that company founder as head of its online division. buy.com and outdoor gear e and seller moose jaw, wal-mart is focusing on brands appealing to millenni millennials. >> when you think of led you think of water but you should also think about and worry about baby food. they l data from 2003 to 2013 looking at 2,000 food samples, 20% of them had detectible levels of led. excees claf a shocking survey from the national dairy council. you won't believe where americans think chocolate milk comes from. accuweather is coming up next melissa magee is here with the seven-day forecast, looking live at sky 6 hd at the center city skyline. a closer look at the weekend for you when "action news" continues. introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs.s n most people have. and, it's just $79.99 a month onl

but in honesty he comes with a good vibe because i believe need some shakeup.were going too long, there is also corruption. and it is like i have servants all the time, nothing was happening. even on the action side, no disrespect to mr. obama, i hold him responsible for all that is happening now and the flourishment of isis and terrorism. he said no boots on the ground. he said there was a red line, and when they used the chemicals they didn't react. president trump will be a different president. but he needs to work with all the institutions and understand he can't run politics like he used to run his business. frankly i like him. maria: you do equate what went on and the acceleration of isis to president trump. you say his leadership allowed them to flourish. maybe that was why the middlele, particularly saudi arabia, rolled out the red carpet for president trump when he was there two weeks ago. do you think that was more a testament to donald trump or a testament they are happy for a change away from president obama cae everying u just ntioned? >> i thinkt'

saudi arabia announces a succession shakeup.les into bear market. >> the sentiment is relatively negative. >> too much oil in the market. >> the person -- springs of economies across the globe talk about the targets and challenges. --i don't think it's time monetary policy. >> at the end of the year will go into market.

trump represented more than anything just a shakeup to washington.s going to go in and waupt goisn't going to play old rules and wouldn't get caught up in these dilemmas and now we examples of exactly that. the problem will only get bigger for trump if he does decide to follow through with some of these promises of a staff shakeup because the pool of people he would be drawing from are the people who would be making a lot of money off their connections to him. the base has been loyal to trump. they really have. it will be up to democrats to try to hammer this point. they want to try to breakthrough to make this clear that trump promised to drain the swamp and it has been a failed promise. >> so much of his persona has been about calling people crooked or lying or fake or honest the implication being he's a guy who's straight and this raises a lot of questions for a lot of people. his strongest supporters seem to believe he's on their side. he has the right ideas. he's with me. i think he may be able to withstand some of this, especially with his base

what caused that damage. >>> and a big shakeup at uber.

potential massive shakeup thadicate reach the very top. mike traffic tease >>> good monday morning.it's 5:11 as you get ready to head out. we have all clear skies looking live right now at san jose. want toshow you the temperature trend for willow glen. even though we'll see a few clouds in the mix early this morning, we'll get bright sunshine later on today and it will still be very comfortable. take it in because you'll be talking about the heat, and this is what we'll talk about in about five minutes. >>> and we're talking about a little slowing for west 580. still pretty typical pattern coming in out of the central valley in toward the tri-valley. i hear a rumor of a possible delay for some south bay commuters. i'll bring you the latest coming up. >> 5:12. today marks one year since the shooting at the pulse nightclub in orlando. a gunman shot 49 people, 53 others were wounded. sarah rosario is live in orlando with how the nation is remembering the dozens of lives lost. good morning. >> reporter: good morning to you, scott. well, here in orlando, it's being considered orlando un

. >> and shakeup at the department of veteran appeals could lead the way for more va officials to be disciplined or fired from positions. va faced several scannedls in recent years including miss con dut to lays in medical treatment. >> trump administration extends by one year a deadline for sites compare with major obama air regulation on omissions and back in 2015 epa set a national standard ozone smug causing gas. it has been linked to adds ma, heart, lung disease and premature death. >> trump administration wants to sell the washington ak question duct whh virginia and the proposal is in the president budget. some want army corps of engineers taken to stayed turnover the facility to d.c. water and public utility. post says d.c. water wants to pay the federal government far less for the ak we duct than the administration wants in the sglail and it's been hard to find consensus in replacing and repealing obamacare hoping to vote before the 4th of july recess. ideas include extending medicade expansion and taking steps top help fragile individual insurance markets and senate democra