you have in the red zone there goldman sachs as part of treasury department leadership.u go back to the obama era, we had goldman sachs former executives running treasury then. you go back to bush, also goldman sachs. you go back to bill clinton, also goldman sachs. >> mmm-hmm. >> in a warren administration, would there be a former goldman sachs executive running the treasury department? >> nope. >> is that a pledge? that's a litmus test. >> absolutely. but let me tell you why. the problem we've got right now is a revolving door between washington and wall street that causes everybody to be on guess for -- wait a minute, the next time this treasury secretary puts forward a proposal, is it because it really helps the economy? helps the american consumer? helps the american homeowner? or is it because it helps their former and possibly future employer? let's just do for one second this gary cohn example. another goldman sachs. you remember. >> with trump, sure. >> that's exactly right. trump appoints gary cohn. he leaves goldman sachs. and gary cohn is going to have exactl

treasury department today said that it would waive some penalties for those who did not have enough taxes withheld from their paychecks last year. t will apply to those who paid at least80% of their liability during the year. as we reported, many were surprised by their tax bills because they failed to adjusat ithholding amount. >>> and president trump said today that he plans to nominate economist steven moore to fill one of the two o vacancithe federal reserve's board. moore is currently a visiting fellow at the heritage foundation. he also served as an economic advisor to mr. trump during the 2016 presicantial aign. he is a defender of tax cuts and has been crical of policy moves made by fed chair jerome powell, just as he president has. >>> time to take a look at some of today's upgrades and downgrades. best buy was upgraded to outperform from perform. the an roois cites improved sales and earnings power. despite the heupgrade, stock fell a fraction to $70.11. >>> chipotle was upgraded to neutral from underperform at webb bush securities. the anast cites channel checks hat suggest a m

treasury department versus a murderous dictator kim jong-un, guess which side donald trump's on?ou'll have to wait until after the break for the answer. us as people. they see us as profits. we're paying the highest prescription drug prices in the world so they can make billions? americans shouldn't have to choose between buying medication and buying food for our families. it's time for someone to look out for us. congress, stop the greed. cut drug prices now. when did you see the sign? when i needed to create a better visitor experience. improve our workflow. attract new customers. that's when fastsigns recommended fleet graphics. yeah! now business is rolling in. get started at fastsigns.com. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking sk

treasury department has sanctioned twenty five entities based in iran turkey and the united arab emirates some of those sanctioned had obtained millions of dollars worth of vehicles from the defense ministry the treasury department has said in its statement straightly is from minister says he's very concerned over algeria's investigation showing links between the u.s. gun lobby and then a strain in political party andrew thomas reports. this is denise is. one in four nothing we're. trying to trade on what started as an al-jazeera undercover investigation into the united states is national rifle association is now dominating australian news and the top of politics there we have reports that one nation officials basically sought to sell australia's gun laws to the highest bidders to a foreign buyer and i find that apart one nation is a far right anti immigration party to its growing influence in australia its officials caught trying to get donations from the us gun lobby is big news that's because first for donations to political parties were recently made illegal in australia with one nati

treasury department is in charge of the dollar.nedomy with a -- with a free-floating exchange rate, monetary policy has an impact on the currency. the traderesident -- story has pointed to china and said, we want to include in this trade transaction a guarantee that you are not going to interfere in your currency. we are going to have a more freely managed currency. like the one you have just described. the president of the united states seems to be talking down the dollar. isn't that currency interference? carl: there is actual market intervention. i think if we are cheerleading, or whatever the opposite of cheerleading would be for the currency, we cannot count that as manipulation. or treasuries actively intervening in the market -- that is the type of manipulation the treasury department and the white house have come out strongly against, among our major trading partners in particular. the other thing that was interesting was markets seemed to be reacting less to what the president says about an asset class. is that a fair asse

he had given the treasury department some discretion to decide what to do.friday we do not know what triggered his tweet, we just know he was unhappy with it. it was a few hours of different officials from nsc trying to figure out where to head from that point. romaine: thank you very much. adobe takes on salesforce. we have an exclusive ceo -- interview with the adobe ceo. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. an effort by house democrats to override president trump's first veto failed today. his declaration of a national emergency at the southwest order will remain in effect. the emergency declaration allows use ansident to -- additional funds for the border wall. the vote was 38 votes short of what was needed to pass. house lawmakers criticize defense department plans to use military funds to pay for the wall, telling pentagon leaders themaneuver will affect ability to shift money around when needed. both republicans and democrats on the house armed services committee said there's little support for tapping militar

the relief announced today by the treasury department.ease termites, feasting on homes 24/7. we're on the move. roger. hey rick, all good? oh yeah, we're good. we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home. (grant) millions of americans who owe uncle sam this year could receive a smaller tax bill from the i- r-s.(catherine) the treasury department said today that it's allowing more people who underpaid taxes in 20-18 to avoid paying a penalty. (catherine) it's doing that by lowering the penalty threshold. taxpayers will now be able to avoid a penalty as long as they pay 80-percent of what they owe for 20-18 through withholding. the threshold is usually 90- percent. the change comes amid concerns about the 20-17 tax law. it's estimated that nearly 30- million taxpayers with-held too little on taxes last year. far more than usual.. (grant) áanheuser-buschá faces a legal fight over corn syrup. ámillercoorsá sued áanheuser-buschá -- accusing the company of ly ing about no

fannie and freddie who are in a conservative ship backstopped by a line of equities from the treasury department, together they constitute about 60% -- 50% of the entire mortgage market. the government is a huge footprint. has beene reasons it so difficult to resolve the conservatorships when you have ideaarty dedicated to the that governments should withdraw wereootprint is not people worried and have been legitimately wearing about the impact that would have on mortgage credit formation and house prices. a halfway house that a number of us have been advocating for a while which is a much stronger regulatory regime, with higher capital standards. and maybe utility like limitations on return on equity. which you letr them build capital and the ranks ofined privately held companies as opposed to government controlled entities. vonnie: what plan to the -- do those who have a financial interest back? jim: i have not had a plan in a while. it was hired by the investors to propose a recapitalization plan. that is the last thing that has been out there and proposed. theirlan for recapitalization. the

the treasury department selling seven your notes. -- seven year notes.uction, tenure benchmarked at at negative yield. auction,illion euro average yield of -0.05%. than $27ers of more billion of a $5 billion deal this week. market after the biggest rally for triple be rated u.s. corporate since 1995. there might still be more to come. >> bbb leverage is coming down now. ge and kraft heinz sent warning shots across the bow of all bbb companies and you are seeing that coming back. the era of leveraging up the balance sheet, buying back shares, raising dividends, acquisitions, all of that mania has died down a bit. jonathan: greg peters, marilyn waters, and george, still very much with us. let's talk about it. the program is about tengion, contradictions. we have a market pricing in rate cuts. 's.is sucking up bbb if we are going into a recession, do i want to own bbb's in that environment? >> you want to own high-yield. we are changing our view. bbb's is idiosyncratic. as bob michael pointed out, some of these firms are shifting debt balance sheets off. yo

the treasury department selling seven year notes.emand surge of the german bond auction as the nation cells 10 year benchmarked at at negative yield. the 2.3 billion euro auction, pricing at an average yield of -0.05%. finally incorporates, can we make a mark? $5 billion deal this week. the largest corporate bond deal since pfizer and merck christ about three weeks ago. to the credit market after the biggest rally for triple be -- triple b rated u.s. corporate since 1995. there might still be more to come. >> bbb leverage is coming down now. ge and kraft heinz sent warning shots across the bow of all bbb companies and you are seeing that coming back. the era of leveraging up the balance sheet, buying back shares, raising dividends, making acquisitions, all of that mania has died down a bit. jonathan: greg peters, marilyn waters, and george, still very much with us. let's talk about it. the program is about tension. contradictions. we have a market pricing in rate cuts. a market that is sucking up bbb's. if we are going into a recessi

the treasury department is not yet said when the debt ceiling needs to be raise. although the congressional budget office has suggested it would need to take place at some point by the end of september. this is a big deal, because those extraordinary measures exhaust themselves. when they exhaust themselves, the debt ceiling will need to be raise. or else the federal government would default on its debts. that has never happened. we should note, it's not like it's expected to change anytime soon. but, top officials do continue to stress the need for congress not to mess around in this case. for example, the treasury secretary steve mnuchin writing in a letter to congressional leadership -- both democrats and or republicans -- the following. "i respectfully urge congress to protect the full faith and credit of the united states faxing to increase the statutory debt limit as soon as possible. "the fed chair, jay powell, also testified on the hill that busing through the debt ceiling should not be within the realm of possibility. >> is beyond possibility. the idea th

to have the treasury department and do something that's been vetted and discussed. unless they got ahead of themselves it doesn't make sense that in a few minutes or a few hours later the president will revoke them and it doesn't make sense if it would happen that way, from now on when they hear about sanctions they're going to ask for a doubleonfmation from the weihite house and i wi it hadn't uphappened that way. >> i want to ask you about the remarks from the president about john mccain. inside the populist wing of the party, encapsulating everything that voters have come to loathe about republicans. by attacking mccain, he is stoking the emotions and the gop elite. what is it about john -- what portion of your party so loathes john mccain that they cheer this? >> yeah. >> there is a chunk of it. do you understand it? >> no. john mccain is not here to defend himself and there's a reason not to use him as that. second of all, i don't get it. i don't understand it. i didn't agree with john mccain on everything. so what? but i honored and i respected the service to

now that committee within the treasury department says grinder is a national security risk. and a risk to the u.s. military or intelligence personnel. >> this is the new era that we live in. data era. it's a new frontier. espionage and blackmailing and spying. >> we asked grinder users how they think the information could be used if it fell in the hand of a foreign government. >> just having your face on the app. which signifies you are gay. or queer or by-. dh in other countries can have consequences as far as being put to death. >> a person can submit their hiv status to let others know if they are positive or negative. >> any type of health data is very sensitive information. and i think it's a right to maintain that and keep it contained to themselves and doctor or family. >> last year it was revealed that grinder shared the user hiv status data with third parties. kun lun wanted to take it public is now being forced to find a buyer. >> that buyer cannot be another chinese company. the issue is they paid a lot of money. and they're expected to lose a lot of their investm

with the treasury auction, the treasury department selling $24 billion of 10 year notes for yield is%, the lowest since the january 2018 auction. deal forg on a debt johnson controls. the package for about $7 billion of dollar denominated high-yield bonds and loans had already ofounced almost $30 billion orders. finally, we had to the eurozone, where the enthusiasm for italian buy, investors offering to 1.36 times the amount of securities sold. that brings us to our next story. do and gloom still stalking the eurozone. you wouldn't tell that looking at the price action. the call in europe is not on valuation, valuation is always cheap. it's about the potential for european growth. i see some positive signs coming from fiscal easing in germany. jonathan: i want to bring in colin robertson, jeffrey rosenberg, and craig bishop, still with us. it sounds like a contrary in some -- some people sounding doom and gloom, but when you look at a price action, it is interesting that pretty much everything has performed quite well, including european high-yield and italian government bonds. is it

the treasury department selling $33 billion at 2.281%. takedown of 14.8% with the lowest of more than a year. elsewhere, a german bond auction. 10 year benchmark debt. 2029.4 3 billion euros auction pricing an average year of that yield of -0.0. more than $27 billion. $5 billion deal this week. the largest corporate bond deal each pressed on back-to-back sessions about three weeks ago. rallythe first quarter rated to since 1995. jpmorgan thinks that -- there might be >> more to come. >> triple be leverage is coming down right now. sent warningtimes shots across the bow of all triple be companies and you are seeing that start to come back. the era of leveraging up the balance sheet, buying back shares, raising dividends, making acquisitions, all of that has died down quite a bit. jonathan: greg peters, maryland, and george. still very much with us. let's talk about it. the whole program is about tensions, contradictions across the fixed income market. we have a market that is sucking up triple b. reconcile those two things. have any public

making it easier for companies to stop issuing those monthly pension checks.this month-- the treasury department issued a notice allowing employers to buy out current retirees from their pensions with a one-time lump sum payment--if the retiree agrees to it.that reverses obama-era guidance that banned the practice over fears that lump-sum payments often shortchange seniors.now advocates say the latest move is putting millions of people at risk.pensions provide a guaranteed monthly income for as long as an employee lives in retirement.they're insured by the federal goverment in case companies go bankrupt and cover more than 26-million people.however-- since the 80s-- that number has been getting smaller and smaller.... as employers move away from pensions-- and opt for 401(k) accounts instead.the reason? pensions are expensive to maintain and they're a big liability for companies.so, should you take a payout? experts say no-- because you don't have the advanced knowledge needed to evaluate your retirement needs.and you'll likely end up spending the lump sum while still in retirement.for consumer

the treasury department selling $24 million of 10 year notes. , the lowest since auction.uary 2018 elsewhere, corporate investors clamoring to .et their hands on a debt deal we put together this program, billionage for about $7 of high-yield bonds and loans had amassed almost $30 billion of orders. and finally we go to the eurozone. there is still enthusiasm for the italian debt, 2038 bonds, investors offering to buy 1.6 times the amount. that brings us to our next story. doom and gloom is still stocking -- still stalking the eurozone. >> the call on europe is not on valuation. valuation is always cheap. it is about the potential for european growth. i see actually some positive signs coming from fiscal easing in germany. jonathan: want to bring you colin robertson and the others still with us. it sounds like a contrary and trade to be long europe because so many people sound doom and gloomy on what is happening on the continent. when you look the price action, craig, that everything is going well -- it is interesting that everything is going well. is it that much of a con

senate and the white house and treasury department, which they control. sheryl: you mentioned the you meppingsed wall and the decision to try to block the emergency ressluge. is the president going to get the money and build that wall? mr. connolly: and in both the use and the senate clearly disapproving of his actions. we took actions at the crisis of the border. and you can't weigh the treasury. that is a concxds con trutional role. now the action moves to the courts and there will be active litigation and states and others to object yect to his actions. host: will congress . mr. connolly: i hope so. we have not had that conversation. host: and ask you about congressman adam schiff and called for him to step down. that is appear important committee, do you think it can function? come connell prior to his chair manship, devin nunes was controversial and had to step aside if you recall for the entight of the investigation because of his controversial actions. i think a a.m. schiff is moipting us to misdeeds and i don't believe the four-page from that.s aw

president trump tweeted that he is rolling back sanctioning against north korea imposed by his own treasury department just yesterday. how do you think this would affect u.s./north korea relations? >> it's a mystery and deeply troubling and abrupt turn of events just from yesterday whe john bolton was pushing out informatin, we're sanctioning they ships that are evading sanctions, helping north koreans cheat on these sanctions. and his own national security adviser is basically repudiated about i the president. i don't know what it means except it's further disarray. >> does it sound like favors to kim jong-un? sara huckabee sanders made the statements that he likes kim jong-un. nationaly he's his o security adviser and he thinking his winning personal is enough to get the north koreans change their whole view of the cessity or lack of necessity of the nuclear program. i think it's a dangerous derangement to think he is going to somehow, by acting nicely, treating nicely, saying that he loves chairman kim, changeorth korean behavior. it's a real danger to the country. white the administration goes thr

that's more -- 77% more than it was last year, according to the treasury department. the proposal is not expected to fix that any time soon. a senior administration official confirms this morning president trump will ask congress for $8.6 billion to build a border wall with mexico. >> we have a crisis down there. i think the president has made that case very effectively. >>reporter: it doubles what he has already set aside. it is six times with what congress was willing to approve to end the fight that shut down the government. >> building a 30-foot-high concrete structure from sea to shining sea is the worst way headline 6 >> reporter: the president expected to act to make tax cuts permanent. in a joint statement, democrats already say no. they've rejected it. they've give the same response if he asks again. this week, the senate is expected to reject the national emergency that allows him to use military funds for the wall but the president will veto that and send it back to congress where we don't see they have enough votes to override it. he will likely push to ma

the treasury department selling $24 billion of 10 year note at 2.615%.hat is the lowest since january 2018 auction. elsewhere, corporate investors clamoring to get their hands on a debt deal. backing the buyout of a johnson controlled car battery unit. as we put together this program, the package for about $7 billion of high-yield bonds and loans had already amassed almost $30 billion of orders. and finally, we head to the eurozone, where there is still enthusiasm for the italian debt, investors offering to buy 1.6 36 times the amount of security ies sold. that brings us to our next story. doom and gloom still stalking the eurozone. here is the bull case. >> the call on europe is not on valuation. valuation is always cheap. it is about the potential for european growth. i see actually some positive signs coming from fiscal easing in germany. jonathan: want to bring you colin robertson of northern -- two other guests still with us. it sounds like a contrary and ian trade to be long europe because so many people sound doom and gloomy on what is happening o

the treasury department says the government ran a $310 billion deficit fromghctober thr january. a 77% increase from the same period a year ago. part of the reason is that tax collections fell and federaldi sp increased. >>> now to china where that country's premier today outlined some of hiss co economic goals during than addre to th national peoples congress. eunice yoon has the story for us from beijing. >> reporter: china's premier acknowledged that the trade dispute with the u.s. was one of se challenges for china's economy andaid this year would be a tough struggle. these are the numbers in china's version of the state of the union address. beijing has set the gdp target lower in a range of 6 to 6.5%. cpi is expected to be manageable at 3%. the economy will create 11 million n jobs, down from the actual figure in 2018 of 13.6 million. the premier said job stability wiic guide p so the deficit-to-gdp ratio was raised to2 spoke.8%. the budget will carve out 2 trillion yuan f bger tax cuts and lower fees. bank spending will be a priority and the government is green al lighting

treasury department to slapping new sanctions on a rainy ends that says play a central role in the country's nuclear weapons program alan fischer i spoke about this with brian hook the u.s. special representative for iran and senior policy adviser to the secretary of states he asked him what the u.s. is trying to achieve. we know that this is a regime that has retained the intent to become a nuclear weapon state they have retained their atomic archive many of the names that we designated today were people who were in iran secret atomic archive these are people who were working on iran's nuclear program to develop a nuclear weapon and the means to deliver it and so we designated these specific people and organizations who are still active in research and development that if iran turned back on its nuclear program again a lot of this work becomes very relevant and we continue to have an impact when russia doesn't support them china doesn't support them the unit paean union doesn't support them india tuckey are still interested in buying oil from iran because the need that supply what we've fou

at first it appeared the president was referring to penalties the treasury department announced yesterdaynese shipping companies accused of helping north korea. but tonight administration officials say president donald j. trump was actually talking about additional sanctions that were under consideration. >>> coming up bringing down the hammer. the admissions cheating scandal. strip the loans of their o degrees. >>> ho sanderhoping capture the momentum this weekend on another candidate home turf. >> a san francisco immersive exhibit featuring bay area artist . >>> a college caught up in the nationwide admissions scandal is thinking about taking away some degrees. usc has identified several alumni who may have gotten in through fraud. reporter lori perez says there are plenty of views on what the punishment should be. >> reporter: if you are thereby fraud, what right have you really to be there at all? 2 attorney steve meister says usc can and should take away their degrees of any alum found to have gotten and by fraud. he says because colleges have broad discretion to protect the system b

he was suspended by congress but the treasury department overrides that.d to congress to increase the debt limit as soon as possible. the oilfield should begin pumping today. it was then taken over again last month by militia forces. restored,tput will be up to 300,000 barrels of crude a day. global news, 24 hours a day and at @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm rosalind chin. this is bloomberg.. gained, weets just do see trading on the rupee kickoff with the india open a the rupee willy, be down against the dollar, the dollar up i .25%, a slight rally in the 10 year yield as we see the yield down to 7.3%. nifty futures showing more negativity, one of the reasons could be president planning to end trade benefits -- his notice to congress kicks off a 60 day process before he can take action on his own authority. we have the details. what are the implications? what sort of trade preferences are we talking about? this is going to be a negative implication for india, they are still investigatin

i've one inime, congress knows the treasury department -- everyone in congress knows the treasury departmentey to take from this sinking fund to keep the government running, borrowing and then when we make a decision, pay it back. expect congress is going to do what we always do. make sure we pay our bills. basically, saying we've done this 100 times. how stupid is the bond market? we will increase it sooner or later. alix: i love the frankness. i appreciated that. it matters when it matters. how much money we are borrowing doesn't matter until it matters. david: that white line is the debt ceiling. we are now over. we will see if it makes a difference. alix: coming up, jim polson will be joining us. really tight ranges in fx, the equity market and u.s. treasuries. what will be the upside catalyst? we will break that down. this is bloomberg. ♪ alix: europe's manufacturing miss. the biggest order slump in six years. e data -- the collapse of volatility. u.s. equities plagued with a tight trading range. elon musk says buy a tesla online. they will close many of their stories in exchange for lo

will the treasury department hand over the president's tax returns? we'll soon find out.orning joe" is back in two minutes. with my bladder leakage, the products i've tried just didn't fit right. they were too loose. it's getting in the way of our camping trips. but with a range of sizes, depend® fit-flex is made for me. with a range of sizes for all body types, depend® fit-flex underwear is guaranteed to be your best fit. for all body types, at to cover the essentialsyou have in retirement, as well as all the things you want to do. because when you're ready for what comes next, the only direction is forward. >>> the point i'm trying to make is you don't have to be brake light of a crime to lose this job in a constitutional republic if this job determines your conduct as a public official is clearly out of bounds in your role, because i'm paempeachmentt about punishment. it is about cleansing the office. impeachment is about restoring honor and integrity to the office. >> i remember they were saying that we were pushing too hard on clinton and it blew up in our face. the

starting tomorrow, the treasury department can't borrow any more to pay the nation's bills. that's because the debt limit comes back into force after congress suspended it two years o. they'll have to act again or risk defaulting on our debt. no one k exactly when treasury will run out of cash. the cbo projects it could happen late this fiscal yearr early in the next one. in a letter to congress, trsury secretary steven mnuchin said honoring the full faith and credit of the united stes is a critical commitment, and he urged congress to raise the debt limit. but those negotiations have yet to begin in earnest on capitol hill. >> i think on a bipartisan level we should sit down together and find a way that we can stop the spending behavior of this vernment and actually curb where we could pay off our debt. >> reporter: to make this even complicated, the deadline for the debt ceiling is smack in the middle of two other big fiscal fights. the deadline to fund the tvernment and prevent another shutdown and deadline for avoiding automatic spending cuts that would chop $125 billion

now congressional aides say they're actively preparing a letter to the treasury department to get the president's tax returns. michael cohen's testimony has raised questions about whether the president inflated or deflated his income for tax purposes. >> tara, thank you. >>> and this programming note, the latest on the investigation surrounding the president tomorrow morning on "this week." >>> next to the breaking developments tonight involving the shooting death by an unarmed man by sacramento police. you may recall these images from last march. police chasing stephon clark through his grandmother's backyard. late word just coming in those officers will not face criminal charges in the case that drew national protests because clark was unarmed. here's abc's marci gonzalez. >> show me your hands. stop, stop! >> reporter: tonight, the announcement -- the officers who shot and killed an unarmed man last year in sacramento will not face charges. >> was a crime committed? there's no question that a human being died, but when we look at the facts and the law and we follow our ethical resp

because remember that you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they will say that they're printing money exclusively for the top you know point one percent the bankers that is you know victimless crime this nothing bad that happens then but in fact that can tell and in fact happens and we see the likes of the l a vast movement we see the consequences of the wealth and income gap and that is what this guy matt of dallas saying is when people are shocked to discover that the wealthy are buying their way into these universities the same thing is happening all around you is the wealthy are wealthy partly especially now and that stays aid is because of the assets that the federal reserve is pumping up well the cost of bribing your way into a college is something like five hundred thousand dollars now put that into context the central bank says that they reach they print money is to stimulate inflation that there's not enough aggregate demand and the prices aren't mo

although wilson recognized his energy and talent, he needed his son in law at the treasury department to cope with the problems of financing the war. giving his well known view to run enterprises the justice told wilson he could do both jobs and do them well. less than a week later the white house announced government would take over the rail roads for the duration of the war and wilson named him as the director general. to an extent that would be deemed highly questionable these days members of the administration consulted with the justice although they did so quietly. throughout the war brandice make recommendations of men to certain conditions or met with cabinet members. after the declaration of war he made the first of many trips to the apartment, seeking recommendations for expanded treasury agencies and for commission that wilson wanted to send to russia. he became a regular visitor. brandice let it be known that rather than go to cape cod after the court recessed in june of 1917 he would stay in washington over the summer. he had a very busy schedule those months. when baker a

ordering the rest drawl of recently announced north korea related sanctions on thursday the treasury department blacklisted two chinese shipping companies it said it felt evade sanctions on north korea withdrew its staff from the into korean liaison office in the border town of kaesong just six months after it opened the office was designed to allow regular face to face contact between officials from north and north and south korea for the first time since the war ended sixty six years ago so. the government finds the north's to solution regrettable and it's hoped that the north returns of staff to the liaison office for normal operation as it was agreed between the two countries more still ahead for you on the program. the fate of briggs it is so far a british read. a bruising day in brussels for the u.k.'s prime minister who gets a little more time to change m.p.'s minds over how banks it deal and a week after the christ church mosque shootings thousands of new zealanders attend friday prayers led by the prime minister.

because remember that you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they will say that they're printing money exclusively for the top you know point one percent the bankers that is you know victimless crime this nothing bad that happens and but in fact that can tell and in fact happens and we see the likes of the l a vast movement we see that.

banks reported over 24,000 suspected cases of elder financial abuse to the treasury department last yeare than double the amount five years earlier. >> common scams against the elderly. >> reporter: now some banks are giving their staff training. >> how many people have had fraud incidents in their branches with customers? >> reporter: at people's united bank headquarters in bridgeport, connecticut, employees learn why scammers go after older >> they have a lot of money, and that's why they are the age group of choice. >> reporter: v.p. karen galbo says bank employees can stop a scam in its tracks. >> if somebody is coming in and making large withdrawals that don't normally take out a lot of money because they might be on a fixed income-- let's say a social security income-- it could be a red flag for us. >> reporter: coincidentally, mcinerny's card was from people's united, and an alert employee prevented the fraud. now, jeff, even though we hear about scams coming from strangers all the time, a government report out last month points out that when people lose more money, it's because t

frustrated that the senators knew more than those who were being providing the briefing from the treasury department as well as the state department and this is led to a series of frustrations that have been played out on the media here in the united states that they are taking away from this the administration simply doesn't intend to comply with the global magnitsky act that triggered many months ago requirement under u.s. law for the administration to point to who specifically ordered the killing the senator say it's simply not enough that the there have been seventeen saudi individuals sanctioned because the highest levels who may have ordered this killing have not been held responsible so senator simply pointing out that in the last week we saw the president's son in law jared cushion are going to be specifically with the crown prince not bringing this issue up the takeaway is that so far the administration believes it can get a free pass and so the senators have collectively decided to take matters in their own hands they're currently weighing their options there could be a number of avenues t

because remember that you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they were.

the treasury department said total u.s. public debt had risen to a record.reserve bank of australia is assessing the impact of climate change and its implications for the economy deputy governor, -- says the bank is looking at the effects on production and inflation. politics have become increasingly polarized in australia, prompting the central bank to carry out its own research. australia is one of the leading per capita polluters and the world's driest inhabited continent. parents, university coaches, and a college admissions counselor are among dozens of people charged in a criminal conspiracy that sought to help applicants get admissions to delete u.s. -- elite u.s. schools. they were having their kids cheat on entrance exams. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. shery: thank you. china's biggest insurer, ping an, is planning to buy back as much as $1.5 billion of a-shares profits beatar estimates. let's speak wi

because remember that you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they will say that they're printing money exclusively for the top you know point one percent the bankers that is you know victimless crime this nothing bad that happens and but in fact that can tell and in fact happens and we see the likes of the l a vast movement we see the consequences of the wealth and income gap and that is what this guy matt of dallas saying is when people are shocked to discover that the wealthy are buying their way into these universities the same thing is happening all around you is the wealthy are wealthy partly especially now and that stays aid is because of the assets that the federal reserve is pumping up well the cost of bribing your way into a college is something like five hundred thousand dollars now put that into context the central bank says that they reached they print money is to stimulate. inflation that there's not enough aggregate demand and the prices aren't