joining us now to discuss this and other tech stories, tom giles and eric newcomer. ech community and other business leaders quick to express disappointment. we even have bob iger departing the presidential council. what does it mean if these people will not sit at the table with president trump? >> it did not go over well in silicon valley at all. the idea is engagement gives us -- enables us to sway policy. enables us to be part of the conversation. what has it gotten for them so far? i realize it is early days, but he has been active in terms of dismantling protections and regulations silicon valley favored. elon musk and bob iger say we are done. youmuch does engagement by in d.c.? i think the answer is not a lot. emily: president trump's answer is how much does staying matter at all. listen to what the president had to say about his decision. president trump: the reality is withdrawing is in america's economic interest and won't matter much to the climate. the united states under the trump administration will continue to be the cleanest and most environmentally f

b and toms alex web giles. stanley analyst says he is seeing risk to the auto industry in china which he sees as a greater source of competition and demand. he was a cranial tesla pulled but downgraded the shares on the threat of larger companies. that after tim cook's elaborated on apple's ambitions with it comes to cars. the space startup claims it has of largest operating fleet satellites in the world with over 140 in orbit. we will hear from c.e.o. will marshall on what is next for the company. our newt tv , interactive tv function on the bloomberg. you can watch us live. you can go back to an interview. you can play along with the charts on air. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ emily: president trump has signed an executive order to form a national space council which will be led by vice president mike pence. this will revive a council last in place in 1993. president trump says the revival of the space council sends a clear message to the world that

emily: tom giles and eric newcomer there. now to out of this world.ccessfully firing a falcon nine rocket for the eighth time this year. the next one is scheduled in two days. the company is on track to achieve the 24 total missions it targeted for the year. spacex has positioned itself as a driving force in the new age space race. joining us with more, dana hull. what is the significance? >> this was the eighth launch of the year, and last year they only did eight total. this is a ramp up. it is significant because of spacex has a lot of missions on its manifest. a want a pattern of launching rockets once every two weeks. elon musk of said launching rockets is getting kind of boring. it kind of is. remember last year, they landed on a ship for the first time. that was a milestone. today, they landed for the seventh time. all of the efforts they put into rocket reusability have become hard for the course. emily: it was not always so boring. they have had failed launches. are they behind them? dana: there is always a potential for failure, the launch c

alex webb, tom giles, thank you both. scarlet, i will send it back to you.t, our thanks to emily chang in san francisco. we will be speaking with airbnb's head of public will see in global affairs later on bloomberg technology. and next, trading a natural gas etf. from new york, this is bloomberg. ♪ julia: this is "bloomberg markets." in julia chatterley. scarlet: i am scarlet fu. time for options insights with julie hyman. last day out the the quarter, we are halfway through the year, and alan, you're looking at natural gas, closing out the worst second quarter since 2013. where do we go from there? do we see more downside? >> i am looking for opportunity. oil did a big u-turn. oil is up 7% on the week. g, itook at you and g -- un has not had new highs in volatility, so i'm thinking in the long run, yes, the barbecue season is ahead of us. this is not really a propane place or natural gas, but that got me thinking, something is going to put this market on the move. you think that catalyst can be? of easily natural gas does move -- it gets hot, there's more