did you know who tom taylor was? >> i had no idea but he told me in the message he was best friends with chris andersen. >> reporter: if you google tom taylor, he's right there, a professional video gamer, and that's who paris thinks she's talking to. and what did the message say? >> it was, like, "hey, i see you started talking to chris andersen. i know you're a fan." >> reporter: one thing did puzzle paris. and if she'd only paid more attention, because it would become deeply important later, the phone numbers she has for both chris andersen and tom taylor have an odd area code. from outside the u.s. tom has an explanation. he always does. >> he just said, "oh, it's my google number, you know, it's all good." me being 17 and dumb, i just believed it. >> reporter: you let it go? >> yeah. >> reporter: she'd regret that later, but the california girl and the nba star chris andersen have other things in mind. though they're 1,000 miles apart and have never actually spoken on the phone, their relationship is turning x-r

taylor riggs. this is bloomberg. tom? tom: taylor, thank you.us, "the third wave," a terrific read on where this nation is going. now we go for hours for global wall street with andrew weil of the -- andrew lo of the massachusetts institute of technology. he had been definitive for decades on making us think harder and smarter about adaptive markets. that is the new book. professor lo, somebody took this to the beach. this is where we are after the financial crisis. page 224, "my heroes talking about information, what we know," and you tie it right into hedge funds. what have they not learned about the classic paper of grossman's? lo: markets cannot be fully efficient because if they were, people would not spend time gathering and trading. are they dead? steve: absolutely not. as mark twain said, "the news of my death is greatly exaggerated." lately, people are taking money out of heads funds -- hedge funds and putting them into the market. tom: what needs to reverse? prof. lo: a couple of things. the ratings to go above 0%. tom: where is the ra

tom: taylor, thanks so much. this is what surveillance is about. steven friedman, senior economist, with terrific perspective hinging in the united states and the rest of the world. in wells fargo, worried about your financial repression. jason, help me out with the camera if you can. here is the fed meetings. at may 3,en is appear june 14, july 26. do you think we have this memorized? no, we just use the bloomberg. come down to the bottom and here a bloomberg intelligence article. .mplications of 4% nominal gdp let's begin this debate on where we are. steven friedman, how kind is chair yellen with global events, political events, the guy in the white house who seem to be doing tax reform almost like free beer , cutting everyone's taxes? how constrained is chair yellen into that? >> the economy is largely at full employment, inflation has been rising gradually to 2% and the fed is not in a position to remove the combination. they want to see the details of a tax plan but if we do go forward with this type of stimulus it does mean the fed would be o

tom: right now, she is vicious this monday. taylor riggs. taylor: the u.s.nited nations says that "russia was certainly involved in the election. ." fake news.ts it is mitch mcconnell is confident that congress will avoid a government shutdown of the end of the month. he tells fox news that the senate will confirm trump's supreme court pick this week. confirms that gorsuch doesn't have the 60 votes needed to be confirmed. in venezuela, -- moves away from a move to increase his power. they've reversed the decision to strip the power from the opposition led party. that to criticism from the opposition in foreign government. in southern colombia, the death toll from a flood has climbed over 200. heavy rain over three bridges flowed friday night. global news, 24 hours a day -- global news, 24 hours a day. powered by our more than 2600 journalists and analysts, in more than 120 countries. i am taylor riggs. this is bloomberg. tom: thank you. as always, it is a conversation of complexity. china and its relationship with the united states. we begin our conversation

tom: i'm sure we will be speaking to you shortly. quickly, we had taylorout great european auto sales. and on a first glance down the income statement, a pretty good number from bmw. francine: the mws one of the strongest. 2.5 billion euros. tom: this is the new foreign affairs issue. we do this in the next section. i love this title -- president after destruction. with us is gideon rose, are we observing at present the destruction of france? rose: whatever i say is not going to happen. obviously, extremists are going to win. pen will win? the most unpredictable thing in the entire world is the undecided voter. a harde: predicting is thing. let's leave that to the markets. what is the underlying cause? is it populism or is it well-known politicians being not strong enough? gideon: they're combined. what have seen in the next -- in the past few years is that in the european union are the , that order generally seems to benefit certain groups and sectors more than others and those who don't feel they have done well by globalization are sort of dissatisfied a

tom keene is in new york. let's get a first word update with taylor riggs.t was a radical islamist --t killed 40 people you killed 14 people. the bombing is believed to have been a suicide attack although it is not known for certain. a second device was found in another subway station and is armed. seeking to is increase trade and security ties with saudi arabia. she is on a three-day trip to jordan and then to the saudi capital. -- the kingdom's airstrikes in yemen. trump is beginning to deliver on a promise to crack down on a work visa program. for'll make it harder companies to bring overseas tech workers to the u.s. using h-1b's is. and it is a victory for broadband providers and it may turn out to be a campaign issue for democrats. trump has rescinded a rule that requires internet service providers to ask their subscribers permission before using the web browsing history for marketing. democrats say that means there will be no privacy rules protecting consumers on the web. in sports, north carolina won the six ncaa championship. lastar heels scored the

tom: klaus regling, focusing on the little g in economic. economic growth rate. taylorfic auto sales in europe. is it the big surprise here is a gift that will keep giving for you and the other elites in europe will be brand-new economic growth that will save the day? and save the day for the ecb? klaus regling:-europe has been on a better track then often recognized. in 2017, the 50 year of positive years,and the last three growth in the euro area has been above potential. if i take off the differences and demographic trends between europe and the u.s., gdp per capita growth in europe is again exactly at the same speed as gdp per capita in the u.s. , i have been looking at it for quite a while and i am not surprised. we are happy the imf revised growth of. , that is good. there are other positives not rightly recognized. gdp per capita and we have the in the world. a lot of people benefit from growth then -- then china. all relate premarket is a lot better because of the employment rate is a lot higher than 10 years ago. news and a lot of good i think it is coming toge

taylor riggs. this is bloomberg. tomrket, one data screen. we want to get a good guest and good conversation. futures a little bit negative. what do you have, help me, i am bored? nowhere, i600 going think it is interesting that the bloomberg commodity index and commodities more broadly are well bid. a slight outperformance of the ftse 100. earlier -- stronger than expected services data. that sent the pound higher which generally sends the ftse lower. the cable rate up by 3/10 of 1%. tom: all the talk, let's stop the show and look at what james dimon of jpmorgan what he thinks is important in the economy. bring up the chart. the labor participation rate for men. 25-54, an ugly picture, 100% of employed americans, in the 1950's it was here, 96%, 97%. .own to a horrific 94% nothing towards what we would see after 1993. down we go. by his calculation, this is 10 million jobs in america that are going nowhere. this is the global developed economy average. we are way down here. i johnson, this is the story of the trump elect

tom: here is taylor riggs.or conflicts with north korea if diplomacy fails, telling reporters the u.s. would love to solve the issue of the nuclear weapons program peacefully, but said it is very difficult. at the united nations security council today, rex tillerson will try to show north korea that the world is united against it. meanwhile, president trump plans to expand offshore drilling, ordering the interior department to revise a five-year schedule for auctioning rights to open up more waters. the president will order a review of the rules designed to prevent a disaster in the gulf of mexico. eu leaders ready to tell the u.k. they are united. there will be a summit to discuss the u.k. departure. wornwill talk unity and against creating division in the hopes of getting a better deal. in france, the presidential election is a week from sunday and emmanuel macron marine le pen are trying to expand beyond the political basis. did not talk about exiting the euro. global news 24 hours a day powered by more than

tom keene is in new york. let's get to the bloomberg business flash. taylorte to 15%. he is likely to run into opposition from republican .ongressional leaders treasury secretary steve mnuchin has signaled previously that the administration is more concerned about spurring economic growth than about the impact on the budget deficit. in the u.k., prime minister theresa may will try to do something the conservative party has not done in a century, win in wales. a new poll shows conservatives could take me one of the 40 welsh seats in british parliament. in turkey, the prime minister warns the country is tired of the way it is being treated by the european union. they spoke to bloomberg in an exclusive interview. finger-pointing in turkey. we have instructions to do this and not to do that as if they are the teachers and turkey is there student. i kind of thing will not be accepted by this nation. taylor: he says that you needs to decide whether it is open to non-christian countries as members. global news 24 hours a day, powered by more 2600 journalists and ana

taylor riggs. this is bloomberg. tom: thank you.you go over $50 billion, it is a merger monday. merger, syringes, catheters, all those things that make you go ouch. ppg goeslist of 8% as +++ ppg prepares to commit to the significant reverse break out fee. they go to $29 billion. this is critical. this really goes to the french dynamic. ppg will not relocate akzonobel's production plants in europe to the u.s. that is a big deal. let me do our single best chart with julia. we will go back to the u.s. economy. unemployment is a lot better now, under 5%. here is labor force participation. it is not going down like it used to. this is not a good story. when do we see that vibrancy? >> the total labor force participation rate maps two things, the retirement of baby boomers driving things down on a trend. recoverynice cyclical in the last two years of prime age workers. giving the cyclical nature of the labor market, there is room for improvement. he was the first one saying we are going to war .0. do you buy that line of thought -- going

taylor riggs. this is bloomberg. thankse: thanks --tom: so much.nced right now. ent spread.2 c next screen, there is the bbc banner. the german two-year lower this morning and the swiss 20-year begins to migrate toward the negative yield. that has been an abrupt move in switzerland. what do you see within the united kingdom markets? francine: i am only looking at pound and dilts -- gilds. the pound falling before theresa may is delivering her speech on downing street, 12 minutes from now and it is very clear there was a market selloff. also looking at yields in the bloomberg terminal and we touched below 1% for the 10 year yield. markets are speculating about what she will announce. it could be health care, a snap election, or anything in between. tom: we have a wonderful set of guests to get us to janet yellen's statement. there are all sorts of ideas falling -- around. dominic konstam of deutsche bank is with us and we wanted to bring in jonathan ferro running all of our global coverage. you are an expert on this, how .nap is the mood right now a

taylor riggs. this is bloomberg. tom: a data check on what did not happen overnight.king down in the 9:00 hour, negative three. with a lift up, $.66 on west texas intermediate. guy has important bank of england news. the yen 110.67. markets, calm. guy: let's talk about the other numbers we need to focus on. we did see a move out of the range of the u.s. treasuries, we are back in that. german yields, we have seen weak manufacturing data, weak housing data. bankve the governor of the of england speaking at an event in london, urging banks to have contingencies for brexit outcomes. .o comments on monetary policy he is addressing financial regulation. there should be no bonfire of financial regulation, but he says banks will protect their retail core. will do ise different. we have so much news flow we will do shorter, sharper, focused interviews. we must speak with kevin cirilli in florida with the president. what is the likelihood of further attacks? kevin: president trump said repeatedly he does not want to broadcast specifically what his military strategy will be. he

tom: kevin cirilli will join us day 98ended comments on of this presidency. here is taylor riggs.esident trump will not be pulling the united states out of nafta immediately. he rolled out terminating the free trade agreement after talking with leaders of mexico .nd canada ousley leaders are divided over whether to take a hard line. are questions about president trump's tax plan. authorities say they will make the biggest tax cut in u.s. history. officials aren't saying if the cuts for businesses and individuals would increase the deficit. taxes god include if from 30% to 15% would only be temporary. in turkey, 1000 people have been detained for being secret followers of an american cleric blamed for the uprising. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. . am taylor riggs this is bloomberg. to our esteemed guest in this hour. futures flat, the nothing for the last few days. here is oil. showing 10.76. brent crude, 5135 a barrel. guy? know, i can remember too, you can remember higher than that. it would he a relief fo

tom: this is critical. one of the critical points this week was taylor riggs talking about great european auto sales.terviewed just a glitz when his book came out. he is critical of the euro. does the euro survive in its current state? >> short-term yes, long-term no. move towards neutralization of death come integrated financial markets, and some said a fiscal transfers. the commissioner for european economic spoke about the fact that the euro airy divergences are reemerging. that fundamentally has to be addressed. if wene: is it clear that that have emmanuel macron could rejoin the franco-german axis that the euro will be solved? >> i will not pen my hope someone candidate. before theeed to do middle of next year is the ecb will have removed more of of -- to come up with a plan that adam was describing. for this, you need not just a pro-european president, you need one who is credible enough in .he eyes of the germany it is a complicated thing to achieve. it is not just shorting out a few issues in europe. >> if we get through the french election, then all the talk will be about italy. tom: i went

interview with tom steyer as he gives us his scorecard on trump when it comes to climate and energy issues. we recap the week that was. joe: let's look at where the major averages stand. taylor riggs is standing by. reporter: we are down here. near the lows of the session, early this morning it seemed to be an untreated day. but heading lower as we head into the close. the russellthat 2000 is down 1% today. it should benefit from the lower corporate taxes suggested earlier this week. some of the other hopes and dreams that we were going on as president trump was elected. we are wrapping up his first 100 days. weyou look at my terminal g, will sit atop performer since -- we will see the top performers since trump was elected. nasdaq is the top performer. what i'm hearing is that there was a lag leading into the election, so a lot of this is plain catch up. of course, i will note that the s&p 500 here in white, perhaps higher on deregulation. tech and giaioned nts reporting earnings here. first is google, they are finally seeing a surge in clicks from the smartphone ads. i am joking as i'm walking down the street with my phone in my face, google is benefiting as you click on t