in this book i was able to use the treasury department own words and express their frustration. you can read the actual transcripts of what they are saying and at the end of december 1943 josiah, a lawyer treasury, and said mr. secretary, the only question we have in our minds, i think, are the bowl has to be taken by the horns in dealing with this jewish issue. get this thing out of the state department into some agencies hands that is willing to do with it frontally. for instance, take the complaint and whatever you do with the juice? we let them die because we don't know what to do with them. another staff member added we are speaking as citizens now. armed with their evidence the treasury department wrote a new report titling the report to the secretary on the acquiescence of this government in the murder of the jews. this is a dc town and a lot of us have read government and that is not generally the title of these reports but it began one of the greatest crimes in history and the slaughter of the jewish people in europe is continuing unabated and unless remedial steps are d

the president asked the treasury department to look into it. on the second part in regards to the shutdown, the president is not focused on the timing of before or after, he is focused on the results. he has been talking about this for a year and a half. our immigration system is completely broken and he is begging for congress, particularly democrats to step stop kickingjobs, the ball down the field and work with and to fix our system. it is that system. reporter: does the president have a personal opinion as to whether or not the current -- sarah: he is asking the treasury department to look into it . reporter: does the president incurs a supportive people who showed up last night in these qanon fringe groups? is the white house willing to say in view of what happened with one of our tv colleagues last night it is wrong for his most vocal supporters to be menacing journalist doing their jobs? theh: on the first part, president condemns and denounces any group that would incite violence against another individual and certainly does not support

and that is the treasury department.nd they have actively reflected on it. >> thank you for this compelling work. is there any speculation theret? is a a movie about this story? >> i would love that. my agent is over there. >> thank you for being dcription articulate in your description.h jewishr research any fragmentse or events leading to the middle eastern communities? >> because getting public support for the board for in palestin lithuaniae but he is big in thea u.s. during the war. do taking out the beautiful newspaper ads. i don't get fully into what into the book except the white paper web how many jews could enterl s palestine is inundated by thehe british. that supposedly limited how many people could come to limit the number of jews. those that convince the british government not to tell anybodyln but to get them to land in turkey and into palestine. and with the middle eastern politics topoli reverberate with those messy origins act then. and trying to negotiate out to palestine during the war. 8,000? >> cong

or as treasury secretary all his meetings. i was able to use the department's own words and express their frustration. you can read through the transcript of what they're saying. at the end of december 1943, a lawyer at treasury said, and this is a quote, mr. secretary the only question we have in our mind is that has to be taken by the horns in dealing with this jewish issue and get this out of the state department to sub agency's hand that is willing to do it differently. for instance, take the complaint what are we going to do with the jews? another staff member quietly added, we are seeking a citizen now. armed with their evidence, the treasury department wrote a new report title in the report to the secretary of the acquiescence of this government in the murder of the jews. this is a d.c. town of a lot of a separate government report that is not generally the title of any of these reports. it began one of the greatest crimes in history, slaughtered the jewish people in europe is continuing unabated unless remedial steps of the drastic nature are taken imme

then someone from the treasury department and said the same thing but for confidently. then a cardinal spoke and one of the things he said to the central bankers is that i don't know anything about finance or economics or what monetary policy is that i do know that there is a world out there that could potentially be in pain and that it your responsibility to remember the poor. why is that wall street helping main street. you never made them come the major central banks around the world never said look we are going to give you a boatload of money and reduce the rate and make it very easy for you to access money very cheaply. wall street is in the background with finding having people sort of going on and to oncoming traffic. it was four was four and a half trillion dollars of the quantitative easing that wants you to come out of the policies if they won't deter much how much does the money cost and how much does it cost you to get money and how much you have to pay in interest to get a loan at the base level of. but when you look whether they are going to look and say t

washington's imposing what do we know about this latest statement from the treasury well the treasury department did explain it all and its statement saying that these efforts have been taken in order to counter russia's efforts to challenge the u.s. and its allies listing a few examples including the occupation of crimea subverting western democracy its neighboring the assad regime just to name a few now in the statement to the treasury department also reiterated how well they're saying they go away saying quote the treasury's russia sanctions program is among our most effective and impactful since january twenty seventh this administration has sanctioned two hundred seventeen russian related individuals and entities for a broad range of activities check out what else was the bread and brazenness of russia's malign conduct demands a firm and vigorous response our actions are imposing an unprecedented level of financial pressure on those supporting the kremlin's malign agenda and on the sectors of the russian economy though russia's malign activities continue its adventurism undoubtedly has been

washington's imposing what do we know about this latest statement from the treasury well the treasury department did explain it all in its statement saying that these efforts have been taken in order to counter russia's efforts to challenge the u.s. and its allies listing a few examples including the occupation of crimea subverting western democracy its neighboring the assad regime just to name a few now in the statement to the treasury department also reiterated how well they're saying go away saying quote the treasury's russia sanctions program is among our most effective and impactful since january. twenty seventeen this administration has sanctioned two hundred seventeen russian related individuals and entities for a broad range of activities check out what else with the bread and brazenness of russia's malign conduct demands a firm and vigorous response our actions are imposing an unprecedented level of financial pressure on those supporting the kremlin's malign agenda and on he sectors of the russian economy though russia's malign activities continue its adventurism undoubtedly has been ch

washington's imposing what do we know about this latest statement from the treasury well the treasury department did explain it all and its statement saying that these efforts have been taken in order to counter russia's efforts to challenge the u.s. and its allies listing a few examples including the occupation of crimea subverting western democracy its neighboring the assad regime just to name a few now in the statement to the treasury department also reiterated how well they're saying that they go away saying quote the treasury's russia sanctions program is among our most effective and impactful since january twenty seventh this administration has sanctioned two hundred seventeen russian related individuals and entities for a broad range of activities check out what else was the bread and brazenness of russia's malign conduct demands a firm and vigorous response our actions are imposing an unprecedented level of financial pressure on those supporting the kremlin's malign agenda and on the sectors of the russian economy though russia's malign activities continue its adventurism undoubtedly has

also read in to the treasury department also reiterated how well they're saying that they go away saying quote the treasury's russia sanctions program is among our most effective and impactful since january twenty seventh this administration has sanctioned two hundred seventeen russian related individuals and entities for a broad range of activities check out what else was the bread and brazenness of russia's malign conduct demands a firm and vigorous response our actions are imposing an unprecedented level of financial pressure on those supporting the kremlin's malign agenda and on the sectors of the russian economy though russia's malign activities continue its adventurism undoubtedly has been checked by the knowledge that we can bring even more economic pain to bear using our powerful range of authorities. and that we will not hesitate to do so if its conduct does not demonstrably and significantly change now while the sanctions are effective that's what the us claims they come at a pretty steep price not only do they impact the us but they also impact europe and the european commissi

eastern, officials from the state and treasury department testify before the senate foreign relations committee about u.s.-russia relations live on c-span. tuesday evening, president trump has a rally in west virginia scheduled for 7:00 p.m. eastern and we will have that live. >> president trump spoke to the press on the white house south lawn before leaving for southampton, new york. he addressed the decision to revoke the security clearance of former cia director john brennan . the president also announced his plan to revoke the security clearance of justice department official bruce orr. [indistinct conversations] we are going to new york, we are going to new jersey, it will be all work and i think you see what has happened, the economy is better than it has ever been, the numbers are coming out, the best they have ever had. we came out with new numbers. [indiscernible] we are happy about that. in november we will do extremely well. >> [inaudible] i would like to see twice but we are going to see. theworld's top executives, head of pepsi-cola, a great woman who is retiring. she sai

sure that i understand you. >> i want to know the number of money laundering episodes the department of treasury has turned over to the department of justice in the last five years. not ten, not 20, not 30, five years, that's it. >> again, senator, as you may be aware -- >> i am not aware. i just want to know how many. >> i would have to go back to my -- >> go back to your office and give me that information? >> i want to be clear about what it is that we do. we follow, we trace, we track money laundering all over the world. we are also -- >> i just want to know about the stuff that happens in the united states, that's easier yet. >> let me go back and see what we can do to answer your question. >> i appreciate that very, very much. mr. krebs, you said in an answer to chairman's question that you have made significant progress since the 2016 election. can you give me a list of the things you have do ento make our election more secure this cycle? >> yes, sir. governance and technical response and technical training. >> have you done that in every training of the union? >> we work with all 50 stat

the president asked the treasury department to look into it.cond part of your question in regards to the shutdown, the president isn't focused on the timing of before or after the election. he is focused on the results. he has been talking about this for a year and a half. our immigration system is completely broken and he is begging and has been for congress, particularly democrats in congress, to step up, do their jobs, stop kicking the ball down the field, and actually work with him to fix our system. it's that simple. >> reporter: does the president have a personal opinion as to whether or not the current system works or should be changed? >> he asked the treasury department to look into it. david. >> reporter: thank you. last night in tampa, does the president encourage the support of people who showed up in these qanon and blacks for trump fringe groups? secondly, is the white house willing to say right now in view of what happened with one of our t.d. colleagues last night that it is wrong for his most vocal supporters to be menacing tow

president had urged them directly to do >> i'm not going to comment on currency movements, that's a treasury department issue. it's always better to have stable currencies. always better. we had some stability with the yuan through the years many people, myself included, thought there was a lot of currency manipulation. this sprich and summer, maybe it's right, maybe it's not i think you have problems with the chinese economy. whether you're looking short term or long term. we've seen a big slump in china, investment china retail sales. i think money has been flowing out of china, i think capital has been flowing out of china because of economic wraekness, because their state capital smile doesn't work the interesting thing here -- the u.s. is the hottest economy in the world our entrepreneurs are large and small businesses our workforce and our unemployment rate, we're crushing it right now. money is flowing to the place where it's treated most hospitably if china would fake a look at some of the things we've been asking they might have a more satisfactory response. remember, years ago, when i was her

after months of rating the state and treasury department. these hearings and it audits were not simply a reaction. it was widely. on both sides of the aisle on both sides of the atlantic. with a few exceptions the president has refused to forcefully use the new authorities under cap step. they were responsible for the use of syria. our un ambassador announced the imposition of sanctions. the next day they were withdrawn. it said the administration requested a broader waiver to sections 231 be included in the defense bill. basically because they could not certify with key condition. i think is a bad idea to use a recent defense bill to relax waiver authorities. instead of strengthening sanctions. we've got gone in the opposite direction. they continue to face that. why a new round of oversight hearings and been convened. and they give get the chairman credit for that. they're both proposing a new sanctions. i think most of us agree that they should also do more to increase pressure. they acted last august by overwhelming majorities. we should

the president has asked the treasury department to take a look into it.president isn't focused on the timing of before or after the election, he is focused on the results. he's been talking about this for a year and a half, our immigration system is broken and he is begging for congress, particularly democrats in congress, to step up, do their jobs, stop kicking the ball down the field and work with him to fix our system, it's that simple. >> reporter: the president had a personal opinion as to whether the system works? >> secretary sanders: he has asked the treasury department to look into it. >> reporter: does the president encourage and support of people who showed up last night in these fringe groups, and secondly it does the is the white house willing to say in view of what happened with one of our tv colleagues last night, that it is wrong for his most vocal supporters to be menacing tour journalist doing their jobs? >> secretary sanders: on the first part the president condemns and announces any group that would incite violence against another indi

for anything further, i would refer you to the treasury department on that front.ltake your questions. zeke? >> thank you. first, quickly. last month there were only three briefings with you for a total under an hour. we'd appreciate it if we get more time. a lot of issues we'd like to cover. one of those is the president's tweet this morning about the president's direction to jeff sessions asking him to end the mueller probe right now. the president said a few weeksing -- or a few months ago he's not going to intervene in the department of justice's investigation. was this more of a change in posture? >> it's not an order. it's the president's opinion and it's ridiculous that all of the corruption and dishonesty that's gone on with the launching of the witch hunt, the president wants to -- has watched this process play out. but he also wants to see it come to an end as he stated many times. and we look forward to that happening. >> and on a different topic, sarah, you mentioned the transfer of the remains from north korea. fulfilling his commitment to the presiden

, have been brought forth in the past five years by the department of treasury purchase played out to the department of treasury. >> i can't give you a number. >> can you give me a number of you go back to your office and write it down on a sheet of paper and send it to my office. >> again it would depend on the specifics. >> no, we work very. >> look, we had one of these hearings the classified session that was worthless and i wasn't worthless because the terminal ranking member, is worthless because you have filibustered down to an art. i just want to know the answer to the question. you have a number, yes or no. >> i want to make sure i understand. >> i want to know the number of money-laundering episodes the department of treasury has turned over to the department of justice in the past five years, not ten, not 20, 30, five years for that fit. >> senator, as you may be aware. >> i'm not aware but i just want to know how many. >> i would have to go back. >> back to your office and give me that information. >> they just want to be clear about what it is that we do. we follow the tra

yes or no >> i want to make sure. >> i want to know the number of laundering episodes the department of treasury has turned over to the department of last five years, not 10, not 20, not 30, five years, that's it. you may beenator, as aware -- >> i'm not aware, i just want to many.how >> i would have to go back. >> go back to your office and you'll give me that information. i just want to be clear about what it ista we do. we follow, we trace, we track laundering all over the world. we're also -- >> i just want to know about the that happens in the united states, that's easier yet. >> let me go back and see what we can do to answer your question. >> i would appreciate that very much. >> mr. krebs, you said in answer chairman's question that you have made significant progress since the 2016 election. can you make a list of what electionne to make the for secure this cycle. >> governance, information sharing, technical support and response. >> and have you done that to union?state in the >> we work through the election infrastructure, all 50 states, cyberremote scanning capabilities. >> i don't ex

the president is going against his own treasury department when it comes to this point. >> he is and sn't. i am not sure exactly what it means when treasury decides to call the fed or china a currency manipulator. he is acting more like a complainer. and he has a point. the currency has weakened. has begun to weaponize the currency. but this is what he has brought forth. we could argue whether or not his views on trade and whether or not the united states has been in an unfair trade position for a long time, whether or not that is correct, the way he is going about it doesn't himssarily get -- it gets political points, but doesn't necessarily get him to where he wants to be. and the guy on the other side of is a politician. he has people. he has to protect the economy and do what is best on his side. you can't expect him to roll over and acquiesce to the president. thatis why we are thinking later this year the u.s. economy slows. we see signs already not because of what is going on now but sector ofthat a good the economy is losing steam. we think that is going to become more obvious

treasury department said interior ministers played leading roles in the rest and detention of pastordrew brunson. erdogan has said he will not bow an evangelistls and sign his mentality in the u.s.. the trump administration has confirmed that it has decided to whether to increase tariffs on chinese goods. asked thetrump has trade representative to consider hiking the duties which could be implemented as early as next month. the move to more than doubled a proposed tariffs may inflame already heightened tensions between the world's two largest economies. global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . a lot happening here in asian markets. we been tracking the big selloff in the chinese and hong kong markets on the back of these trade war spirit the csi 300 down 3% in late afternoon trade. the index of small caps looking like it's going to close at its lowest since 2015. also watching what's happening in the bond space. we heard moments a

we have had teams from the state department and the treasury department who have now visited i want to say 24 countries in most regions of the world. that work will continue in the coming months and we have very good discussions with allies around the world, because when you look at the range of iranian threats, especially around missiles and cyber, maritime aggression, terrorism, these are concerns of other nations. united states is not alone in that regard. i find that when we sit down and talk with other nations, there are shared interests that we are able to pursue and we will continue doing it. >> can you talk about how you will work with the quote, regime, when this week, the ayatollah's speech criticized rouhani for dealing with the united states. this is obviously not the same as dealing with north korea, dealing with moscow. this is a divided political system. the repercussions of whatever may happen have to be dealt with accordingly. >> and? >> and how do you expect the quote, regime to change when there are so many disparate -- >> the burden is on the iranian regime to chang

pulpit but also there are more important messages being sent through the state department and treasury department roadshows there's been i think somewhere from twenty to thirty countries visited by these two departments warning them of the risks of doing business with iran warning them of the wait and power of the u.s. secondary sanctions as well as some of the longstanding issues that the u.s. has had with iran over the past thirty to forty years so i think ultimately it is this kind of pressure that is going to drive the iranians to change their calculus but it's not going to be seen anytime soon i think we need to at least have the november for sanctions which have the oil penalties in there and then some kind of net effect on their economy in twenty nineteen and so what do you make that of what the europeans are saying because i mean they are saying to iran now please do not withdraw from this deal please do not ask your nuclear program they say that really the future of security in the region and the future security in the world is stake here are you concerned about the danger of an escalati

reporter: the treasury department told us monday they were going to have even higher funding needs overhe next six months than we originally thought. everyone i think at that time new they're going to increase issuance again. we just got some details of that. what the treasury department decided to do was issue theory hundred billion dollars more in -- $300 billion more in two-year and three-year notes. theyther interesting thing said was that definitively come october, the beginning of the new federal this year, they are going to be issuing new t bills to raise more money given how high deficits are. what has been the actual reaction for u.s. treasuries after this announcement? yields just about everywhere wind-up on simultaneously across the curve. i think this was a continued reaction from what happened in asia overnight. in reaction to it happened with the bank of japan recently, you saw a big steepening anti-japanese yield curve yields -- they steepening enzi japanese -- big steepening in the japanese yield curve. this was basically a global increase in the yield curve. i don't thi

the treasury department is cracking down on a loophole that helps taxpayers avoid the new cap on statend local tax deductions. that was one of the most controversial parts of the new gop tax law. once unlimited, the so-called salt deduction is capped at $10,000, that harms high-tax states which are mostly blue. several blue states are suing the trump administration, new york, connecticut, maryland, new jersey, the same states passed laws to work around the cap allowing tax payers to make charitable contributions in lieu of state taxes in exchange for a tax credit but a treasury rule blocks that scenario. steve mnuchin says limiting a deduction that benefitted high-income earners helped pay for tax cuts for american in states like new york, the cap could increase resident's taxes by $14 billion this year. new york governor andrew cuomo calls the salt change a political attempt to hurt democratic state and promised to fight the new treasury rule. >> christine, thank you very much. president trump continues to deploy tariffs as weapons in his escalating trade war with china but behind the

billion, your $2 can check with the treasury department. i do not know what they are talking about that the immigrants are not contributing. frederick, new haven, connecticut on the independent line. caller: yes, i am a vietnam veteran. i do not like what is going on with our president and putin. we know that the russians are out to destroy our democracy and they are doing very good because they have a puppet working along with them. he is not full link me and not pulling anybody, why is he still in party? i do not know. why are we allowing kim to sabotage our government? why are we allowing him to put kids in cages. those are indian kids, they are indigenous. they are from the new world, and they belonged here. we should not be putting anyone in any cages. if anything, we should have done that with the europeans. we did not do that. ok? this is all wrong and by god it is wrong. and any american who is a true american with -- would say the same thing. host: the phone lines are open for you to call in and talk about whatever is on your mind.

senate banking committee hearing on russian sanctions the treasury department reporting back on the punitive measures taken to counter what is described as illicit russian activity against the united states though russia's malign activities continue its adventure in and out of has been sacked by the knowledge that we can bring even more economic pain to be here using our powerful range of authorities and that we will not hesitate to do so if the conduct does not demonstrably and significantly change the latest sanctions are against companies and individuals accused of breaking u.s. sanctions against north korea by shipping in banned items the assets all in the u.s. saw frozen and they are forbidden from doing any business with u.s. companies another set of sanctions due to be introduced on retaliation for the alleged russian poisoning of former agent sergei scriptural and his daughter in the united kingdom russia has tonight any responsibility but no public mention was made of any of this punitive action at a summit meeting between the u.s. and russian presidents in helsinki. eyebrows were r

the treasury department is because they just don't have the space in the treasury treasury department for all of these people. the public hearing is going on as we speak. they are talking about the 200 billion dollars that will fall under a 25% terror. that can happen anytime after september 5. i can take almost everybody inside we have talked with some businesses and manufacturers that say it would severely hurt their businesses going forward. they are houses with thousands of products. that would severely hurt the cost. this discussion as it starts. has already paid tariffs on steel and aluminum. and then last july $34 billion worth of chinese goods fell under the terror. under for china's goods. as i said before. that includes everything from seafood to beauty products. the economic advisers. because the u.s. economy is doing so well. in fact, there may be signs of a break. it will be here for the first time since june on wednesday to try to talk trade. they will lay out a framework. a vice chairman of congress. to possibly have a trade deal and how they can come out of the tit for

senate banking committee hearing on russian sanctions the treasury department reporting back on the punitive measures taken to counter what is described as illicit russian activity against the united states now russia's malign activities continue its inventor in and out of has been sacked by the knowledge that we can bring even more economic pain to be here using our powerful range of authorities and that we will not hesitate to do so if the conduct does not demonstrably and significantly change the later sanctions are against companies and individuals accused of breaking u.s. sanctions against north korea by shipping in banned items the assets all in the u.s. saw frozen and they'll forbid and from doing any business with u.s. companies another set of sanctions due to be introduced on retaliation for the alleged russian poisoning of former agent sergei scriptural and his daughter in the united kingdom russia has tonight any responsibility but no public mention was made of any of this punitive action at a summit meeting between the u.s. and russian presidents in helsinki. eyebrows were raised

the treasury department imposed sanctions against russia for that attack and on april 4 i introduced along with senator menendez language identical to the provisions guarding north korean requiring the state department to make determinations whether russia should be designated as a state sponsor of terror . language was included in the security from kremlin aggression act introduced by senators graham on august 2. i wrote an op-ed not too long ago, the moral case for such a designation is sound, designation of russia as a state sponsor of terror. russia has invaded georgia and ukraine, supports the murderous regime of assad and is engaged in active information warfare against western democracies including meddling in the us elections and as we talked about here, continuing attempts to influence the elections going forward. do you believe the russian federation as repeatedly supported acts of international terrorism including assassinations on foreign soil, mister billingslea, yes,sir no ? >> they definitely engaged in outrageous behavior that is not acceptable. >> they've engaged in a

the second part will instruct the treasury department to look into age requirements as it relates to withdrawing money from your 401(k). currently as it stands right now, when you reach 70 1/2 years, you have to start pulling from the 401(k). part of the argument is, thankfully we are living longer, so because of that you might want to delay essentially when you tap into that 401(k). now the treasury department will look into potentially, what it might look like if you extend it out that time frame. we'll hear from the president, ashley. as he is on the ground here in north carolina. ashley: stuart varney on the last issue, blake, he doesn't want to tap into it. reporter: he doesn't want to tap into it. ashley: he is all over it. blake, thank you very much. >>> coca-cola buying british coffee chain, costa, for $5 billion. it has 4,000 stores across 32 countries. it will allow coca-cola to expand overseas and provide serious competition to brands such as starbucks. shareholders vote on the plan next year. >>> former enron ceo jeffrey skilling is out of jail and in a halfway house now.

treasury department sanctioned a russian bank for working with north koreans. there's also reports that russia is importing labor. to that, nikki haley said in a statement "until we see the final fully verified denuclearization of north korea, there can be no easing of sanctions. talk is cheap. russia cannot support sanctions with their words in the security council only to violate them with their actions." also on the international front, the u.s. is pressuring turkey to release andrew brunson. he's an american pastor in turkey for the last two years. mike pompeo mid with the turkish foreign minister about this. he says the clock has run out on the government to release the pastor. they said "brunson needs to come home and all of the americans being held by the turkish government. they've been holding these folks for a long tear. they're innocent people." the turkish government arrested brunson a couple months after a failed coup attempt in 2016. this week the treasury department detained two officials because they have been detaining brunson for so long. >> t

department of treasury. we thank you for the same. we appreciate the fact that you are sharing your thoughts and viewpoints with us. mr. billingslea, i understand you have returned early from travel to be here. we thank you for that. we originally had assistant secretary chris ford scheduled for this hearing, but we were asked that he be available to testify before the senate banking committee. we have a simultaneous hearing happening. since we had these two outstanding witnesses, we relented and we allowed chris to go over to the banking committee. that testimony will be taking place in their. he likely will be before us again the future to talk about other issues he is responsible for. again, we thank you. you know the order here. if you can summarize your order in about five minutes. any written material you have with unanimous consent will be entered into the record. with that, if you will begin, we will appreciate it. >> chairman corker, ranking member menendez, thank you for indulging me today. if you will indulge me, i want to

washington's imposing what do we know about this latest statement from the treasury well the treasury department did explain it all in its statement saying that these efforts have been taken in order to counter russia's efforts to challenge the u.s. and its allies listing a few examples including the occupation of crimea subverting western democracy.

growing as atant, treasury department are more sanctions, not only against russia but also against turkeyt is worth noting the strong dollar policy, the u.s. dollar maintaining its strength, something on the trade file you are but pretty interesting to see p or took over, a little game there. for more bloomberg stories, an issue of bloomberg businessweek, it will be on news stands and digital as well. remember, bloomberg news can interact with all the tribes you see here. from new york and toronto, this is bloomberg. ♪ scarlet: it is 7:00 p.m. in london. i'm scarlet fu. julie: i'm julie hyman. welcome to "bloomberg markets." ♪ scarlet: we are live and bloomberg world headquarters over the next hour. here are the stories we are covering on the bloomberg and around the world. from leading sprint back from the brink of collapse, ushering in a new wave of tech investing, we will speak with the executive at the center of it all, marcelo chairman of sprint and see 00 of softbank. another bloomberg exclusive. hardy city joined the parade of companies looking to amazon for growth. how he is navig

coverage next week includes tuesday, officials from the state and treasury departments testify before the senate relations committee about u.s. russian relations. that is live. tuesday, president trump has a rally in west virginia scheduled for 7:00 p.m. eastern. we will have that life. -- live. next, a conversation on tensions between the u.s. and turkey and the american pastor being detained in turkey. from the washington institute, this is 90 minutes. this afternoon to the policy form. i am a senior fellow here at the research program and i see a lot of familiar faces around the room. we are here to join this discussion, the panel on u.s. circulations and the war of mutual sanctions. this event is on the record, it will be on social media and we have c-span live streaming the event. it's also on live stream of our website and i want to welcome everyone who is joining us online to this afternoon's important

laura: if trump or to do this -- the treasury department has never found the legal authority but trumpead and do this and see if his lawyer and treasury department do not like this, he can replace them. it would be highly unusual for a president to do that, but president. -- but president trump is not your normal president. usual funds would be affected, individual taxpayers, brokers, all of the above. lisa: what is the magnitude of money we are talking about here in terms of what the u.s. elect -- collects that they would no longer be able to collect? laura: estimates vary. we have not seen it clay out that play out and it is not clear whether they would apply to the sting assets or new ones, but it could be around $100 billion a year. it is a sizable chunk of change and would be a large tax break, and one investors would very much welcome. caroline: we will be digging into how this story unfolds. laura davidson with all the ins and outs, we thank you. and talking of president trump, he is in charlotte, north carolina today, where he is expected to sign an executive administrationit t

>>> a battle now brewing between the treasury department and high-taxed blue states. about the cap on state and local tax deductions. we're going to explain about your money coming up next. ♪ jake, jake, jake, jake. i'm sorry. if you feel different, you drive different. drive high get a dui. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, . verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and

treasury department to be able to sell directly into iran and to keep selling into the united states.treasury department under trump to do that when he's slapping these sanctions and even more in november directly on iran? >> they've made it very clear they're very unlikely to offer those sorts of waivers. and i think they're taking a very tough line. maybe one that they'll walk back a bit over time. but, you know, initially i think they're trying to get the europeans especially on their side with this. and i just don't see that happening. >> jason, thank you for the reporting. appreciate it. >> thanks, poppy. >>> it's a crucial special election in ohio on the line. of a house seat that republicans have controlled in this district for three decades. cnn went to ohio to ask the voters there, why is this race so close? >> what do you think would happen if everybody in washington sat around a table like this and talked? >> you know, it wouldn't be a coffee club. it would be a liars' club. on either side, i believe. >> tech: at safelite autoglass, we really pride ourselves on making it ea

treasury department sanctioning a russian bank for doing a significant transaction with the north.ew reports of north korean workers there. both in defiance of a u.n. ban. pyongyang's foreign ministers of the conference as well. no word on whether secretary pompeo will meet with them. further he might deliver a response, why does officials say president trump has written to a letter kim jong un sent earlier this week. u.s. ambassador to the united nations, nikki haley, backing up pompeo, saying in a statement today, "don't always do the final, fully verified to denuclearization of north korea, there can be no easing of sanctions. bret? >> bret: thank you. secretary of state mike pompeo also said the clock has run out on turkey to release a captive american prisoner -- i'm sorry, captive american pastor and other u.s. prisoners. so far, turkey's standing firm. correspondent richardson has the latest tonight from the state department. good evening. >> good evening, bret. secretary stayed mike pompeo pressed the turkish government in person today, meeting with tn minister earlier toda

the treasury department slapping sanctions on shipping companies in china, russia and singapore thatave been doing business with north korea. what's going on here? michelle kosinski has been looking into this. she has more details. hi there. >> hi. yeah, this just happened. it's another round of sanctions targeting north korea but also affecting other countries that you mentioned. the bad actors that continue to do business with north korea, continue to prop up its economy and, thus, its regime. china and russia especially. they've been called out by the united states multiple times. this isn't a huge round of sanctions. it's targeting one individual and three companies. but it's another signal from the u.s. that it wants to continue pressure until north korea changes its tone. things have not been great lately despite round after round of talks. and a lot of these talks that are going on are just over the phone but they're frequent. last week the state department told us there are talks almost every day with north korea. they won't say there's any progress and there have been tough

>> the treasury department is inureasing economic pre north korea now adding new sanctions on companiesech a and russia for violating trade rtrictions with pyongyang and steve mnuchin said there will be consequences for violating sanctions until there is full, verified denuclearization of north korea. >> the white house is preparing to expand its buy america rules to include government infrastructure projects. according to cnbc, the newiv exec order is nearing completion. the added rules will apply to roadways and broadband. federal agencies have raised concerns aut the cost and the legality related to that program. or> new r on the economy today showed that the second quarter productivity was the strongest in three years. according the labor department the measure of hourly output per worker rose at a 2.9% annualized rate. labor costs increased according to modest wag inflation. a separate report showed manufacturing activity in the new york area remained rust. the august reading rose to a 10-montherhigh, as a maf fact, and industrial production edged up in july, but those gains were c