u.s.-mexico border wall. the house back at 4:30 here on c-span. tomorrow, united airlines c.e.o. oscar munoz will testify before the house committee on customer service. we will have it at 9:30 on c-span3. earlier today we got a look at the japanese approach to the trump administration from former japanese defense ministers. they talked about tensions on the korean peninsula and how the trump administration approaches foreign policy. this was hosted by the center for sfriegic and international studies -- strategic and international studies. it's an hour and a half. host: good morning. thank you for joining us today. i'm michael green, professor at georgetown. some distinguished -- in fact, this audience is pretty much 100% distinguished, as i look out. quite an impressive audience. thank you very much for coming. a few brief safety and security announcements. i am your designated safety officer in case of an emergency. you'll find the exits are back behind you. and you'll go down one floor

the u.s.ustice department filing a lawsuit against fiat chrysler and the china rate increase weighing on sentiment and the second column is the currency column. most of the currency against the dollar are in gray with little movement and sovereign bonds, commodities, your final three columns. kingfisher is a big recliner across europe, down 7%. europe's biggest home-improvement retailer reporting a slump in french sales as rivals gain market shares sales in france, it 5.5%tes two james and fell in three months through april, worse than the 1% drop in that country's total home-improvement market. shares down by 7.1% today. let's talk about political risk because the difference in yields between the u.s. 10 year and the german 10 year bond is drinking -- shrinking. investors are fretting over the potential noise stemming from washington, the u.s. 10-year note about 185 basis points more than comparable bonds. the least sense donald trump was elected president in november. european political risk

u.s. aid or assistance to israel. the problem you have here is there are also a lot of underlying issues and how many of these will actually either be dealt with publicly or during a presidential visit is pretty hard to estimate. some of them are fairly obvious. there is the question of what will happen about moving the u.s. embassy to jerusalem. there are all the issues relating to the settlements. will the u.s. take a stand on the two-state solution? if so, what? what kind of sequel will follow the visit and how will he be discussing what is a very tense situation at least at the underlying level between israel and the palestinian authority? and what is happening at gaza? there is the problem for israel of what is happening in egypt, which is yeek qually important to the united -- equally important to the united states. a problem economics and stability. it's also a tangible impact on war fighting in the sinai and the gaza where you have a low level conflict and one that is not -- has no

anchor: u.s.icy makers would like to start shrinking their bloated balance sheet by the end of the year. guestpen growth, our next says the fed's communication around balance sheet reduction has been excellent and shall limit the chance of another taper tantrum. you know, we just had jim bullard on from the st. louis said he said the taper tantrum a few years ago was a malcolm indication -- was from communication. do you think the fed is going to execute both on the execution, but also on the committee case and this time? do you have faith in that? executing veryen well. i think they learned a very important lesson from the taper tantrum, and particularly out here in asia and other emerging markets. what happened. it has huge effects globally. we saw that in the minute last week on just how much more detail and careful they are deliberating how they are going to go about it. my sense is that this, when they do actually start reducing the balance sheet, it will be the most signaled them out there.

inthe u.s. persists [indiscernible] the sanctions without understanding its rival, the administration will have to take the responsibility for ensuring catastrophe. mind that thed dprk nuclear strikes and capability will be strengthened and developed at a rapidly high-speed as long as the u.s. nasty nickelolicy, or threat and blackmail and pressure. thank you. >> now we will take questions. since the time limitation, we will take a few. i would like to hope you to focus on the topics and i also beld like to remind of your -- brief introduction before questions. let's go ahead. >> on behalf of the u.n. association, we thank you for this opportunity. i would like to ask about an issue that is in the news regarding cyber attacks. we understand that a 17, 18 panel member was hacked by someone pretending to be another member of the panel and there is some suspicion north korea is behind this is is the [indiscernible] we do not have an opportunity to ask you so you hope you can give us some reaction t

u.s. markets yesterday. u.s. markets did bounce back nicely. the dow jones up by 0.3%, to 20,20 20,663. the s&p 500 up by 0.37 after some big falls on wednesday. the nasdaq yesterday rising by 43 points, up by 0.7% on the day. >>> let's get back to what happened in the white house yesterday. not a whole lot of drama, but here's this. president trump defended his administration in a press conference last night calling the appointment of a special counsel taking over the russian investigation a witch hunt that guid divides the country. hallie jackson has more. >> reporter: tonight, new reaction to the special counsel taking over the russia investigation. >> i respect the move but the entire thing is a witch hunt and there is no collusion between certainly myself and my campaign, but i can always speak for myself and the russians, zero. i think it divides the country. >> reporter: at his first press conference after a series of bombshell reports, presidential pushback. >> did you at any time

he's no stranger to u.s. and u.s. policymakers. his previous job was as head of the bank, the north american development bank, which is headquartered in san antonio. where he undertook a number of initiatives, particularly to focus on infrastructure all along the border and focus on innovative financing mechanisms and he substantially increased the loan portfolio years there, to an average of 32% increase per year during his time there. he was undersecretary of foreign relations for north america. and that's when i first got to know him. i have observed him and been very, very impressed with his knowledge, not only of mexico, but of the process and the politics of the united states and the relationships that he's made. and because of that, i feel very confident that the relationship we have will grow even stronger during his time in washington. so ambassador gutierrez, would you say a few words? >> thank you very much, ambassador, as always, you're far too generous with your comments. and thank you all for being here. as any good a

he u.s. take a stand on the two-state solution? if so, what? what kind of sequel will follow the abbas visit and how will he discussing a tense situation between israel and the palestinian authority and what is happening in gaza? there is the problem for israel of what is happening in egypt which is equally important to the united states. it's a problem of economics and stability. it's also a tangible impact on war fighting in the sinai and the gaza where you have a low level conflict and one that is -- has not been getting better. it's been getting worse. you have the problem of what happens, and it will happen fairly quickly, if you see most you will actually liberated and isis driven out of its pseudocapital in raqqah. because for israel that may mean it faces a significant and very different extremist threat somewhere on its border area. there also is the fact that uring all of these conflicts that hezbollah has steadily built up its missile forces. effectively rearmed, gotten better capa

we saw the u.s.sident give a speech with a lot of ambition but delivered very little in terms of policy change. >> it all starts haply, let's ends happily. it started with apathy about was happening in the arab spring. so far it is good but we are early days. brought up the obama administration. trump was very critical of the obama administration relationship with saudi arabia. he criticized obama for bowing to the king. now we have pictures of trust affecting -- pictures of trump accepting a metal -- medal. wille white supremacists be shocked but he is with them. if this can translate into thousands of employment, this is good. it is going to be a wait and see game. >> i look to swing across to what is happening on the ground in tehran. this rivalry between the kingdom of saudi arabia and iran. the closer the united states comes to saudi arabia, the more of an impact it is going to have for the future of iran. would you expect going forward for that rivalry and what it means for iran as well? >> i t

u.s. on the right rate path? the market seems confident, but will consumers support the case? theill ask charles evans of chicago fed in an exclusive interview. to the program, everybody. we are less than half an hour to the european open. let us have a look at what is happening on european futures market. we will be a little bit starter at the start of trade. the ftse 100 could be a bit of a laggard this morning. m&a this morning and france. a little bit of oxide coming -- upside coming in from the cac and the dax. gmm function, in better perspective. we are standard deviations away from standard moves. we have the chinese market up by .6%. it dropped off the far left hand of your screen. that was a standout performer because as you can see from the index picture, which features a some of the asian equity session, the australian market, for example, the general move was down. negative risk-off session and a slight move higher in gold. as i said, china in that trend of moving higher this m

u.s.nd towards china, saying "america has lost." chief of staff reince priebus says human rights do matter but cooperating with asian partners to deal with the north korean threat takes precedence here. >> this is a different level of problem that we need cooperation among our partners in southeast asia. the issues facing us advancing out of north korea are so serious that we need cooperation at some level with as many partners in the area as we can get to make sure that we have our ducks in a row, so that if something does happen in north korea, that we have everyone in line backing up a plan of action that may need to be put together. >> cnn's ivan watson monitoring the situation for us from hong kong. he joins us now live. great to see you, ivan. now, this is following with a pattern of president trump of elevating these authoritarian strongmen, but in this case, ivan, does the philippines have any influence regarding north korea and their nuclear program? >> reporter: not much, dave. i

the u.s. army failed to keep track of more than $1 billion worth of weapons and military equipment sent to iraq and kuwait, including tens of thousands of assault rifles and hundreds of armored vehicles. ,e will also talk about syria where u.s. defense secretary james mattis says the u.s. is shifting to anannihilatition tas in itsts fight against i isis. >> our strategy right now is to accelerate the campaign against isis. it is a threat to all civilized nations and the bottom line is, we are going to move in an accelelerated and reinforced manner, throw t them on their bk foot. amy: but as the u.s. ramps up airstrikes, are syrian civilians are paying the price? and leaked documents reveal counterterrorism tactics were used at standing rock by the security firm tigerswan, hired by energy transfer partners. against water protectors who they call insurgents. we will speak with the intercept reporter broke the story and tara houska of honor the earth. all that and more, coming up. welcome to demo

u.s. economy is strong enough to warrant another hike. the big question now, when does the balance sheet reduction begin? slipping on oil. opec and its allies support nine-month extensions but will members adhere to this agreement. brazil's embattled president. protesters torched government buildings. is the market already starting to price in his departure? less than half an hour away from the european open and i am not sure if we will see ripples from brazil although that story is important and fascinating. take a look at futures, up across the board here. this is after we had new records in the u.s. yesterday, gains in youn stocks as well and so see european futures gaining here. also take a look at the bund trade. we have the yield coming off fairly substantially so investors are buying german debt right now i'm a pushing the 0.8. down to zero -- blowing out the u.s. german spread. pretty ridiculous, our guests said as the german yields need to come up. that is definitely not happening

the u.s. election, it was the leading gains and tech stocks and the nasdaq lagging, so we have seen a flipping of the script so far. like trump is open to persuasion? >> that is what both sides of the argument believe. decidedly against it or for it, i think both sides see many ways he might be on their side depending on how you interpret his remarks. his part oft of principles that came out a little while ago. they are going to push it with mnuchin tomorrow. scarlet: it was not included in wire theyage, renewing the call now? guest: it's because the house , chairman of the ways and means that paul ryan are very much supportive of border adjustment. companies that are supportive of this like general --ction -- general elective general electric, they see this as a way to get tax reform done. they will be satisfied until the president comes out and says there's no way we are doing this. even if they get house republicans to go against it before the next up happens. : if you have some sort of bor

we protect u.s. persons even within those like yourself and director pompeo and admiral rogers and director comey and the people that we trust with awesome powers, we still impose some restrictions on them and that they have to request an unmasking, there has to be, i assume, a justification, you can't wake up in the morning and say, hey, i feel like knowing who participated in x, y and z, there has to be justification, right? >> yes. >> so how do we get from that to names being on the front pages of certain major u.s. newspapers? >> that's an excellent question. >> what would be an equally excellent answer? >> that somebody violated their oath to protect classified information and violated an oath and shared that information in an unauthorized fashion with members of the media. >> well, my friend from washington and is my friend, i was impressed not only with his eloquence but with the conviction of which he just spoke, but i've got other colleagues, not from washington, that tend to minimize the na

the u.s. approach on this question. secretary ross's article, the trump administration, brexit and the election in britain create the opportunity not just to build a u.s./uk free trade area but for the u.s. and britain to take the lead in creating a new type of free trade area one that fulfills the promise of free trade for more open markets, for more and better jobs and more greater prosperity for everyone. there's no one that i can think of better placed to address these questions than our speaker today. director of economic policy and prosperity studies of the institute in london is one of the world's leading trade in competition lawyers. he is the former head of market access at squire sanders, and currently the ceo of comutare. he has worked with companies around the world on market opening and transition issues including the earlier privatizations of the uk electricity market, the former soviet union, the transitions in latin america and the wto successions including china and russia. ou

u.s.re drifting apart. airline may leading list its shares on a foreign exchange. >> we have the world covered here on "daybreak asia" as we look forward to the sig summit n asia. what happenedcuss on president trump's first overseas trip. we will analyze that and figure out what that means going forward. >> it looks to be a quiet week as u.s. come u.k., and china markets closed. that ninth ofring the stigma still, but a lot happening on the data front. speakers. several fed atindeed, let's take a look market reaction. markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u.s., including housing, on friday. looking at the market so far, the only market open is new zealand, a touch lower here. to be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. let's head to australia real quick. we did see recovery after that group meeting. pretty soft open for the aussie dollar, but looking to t

i see steel growth pending ok in the u.s. -- panning ok in the u.s..take that and contrast what is happening in the eurozone and what is priced into the currency market, as we are coming out of an error of excessive pessimism, in general, not just the currency, i see the balance of risks for higher eurozone assets, including the euro. manus: we will talk about that undervaluation against the backdrop of better growth very shortly. stays withkionakis the team. the president and the ceo of the drugmaker joins us right here on the london that. we will talk about his outlook and a challenges in the united states, and you want to stay tuned because we have a conversation a little bit later in programming. senator elizabeth warren is at 11:00 a.m. u.k. time. what does it really mean? this is bloomberg. ♪ matt: welcome back to the european open. i am matt miller at our berlin bureau alongside manus cranny. european markets open for trading almost all minutes so far. you see the stoxx 600 down .1%. the dax and the cac showing a little bit of weakness. the ftse

u.s.oldier and was a lower chelsea manning is released -- and whistleblower chelsea manning is released from prison 28 years early. has the german army been infiltrated by right wing extremists? ♪ brent: i am brent goff. it is good to have you with us. did u.s. president donald trump go too far? tonight, some lawmakers are asking whether trump is guilty of obstruction of justice after a media report claimed he pressure the fbi director to drop an investigation into his former national security adviser, michael flynn. the director of the fbi, james comey, was later fired by trump. lawmakers say they want comey to testify as they investigate the matter. reporter: the latest allegations revolve around a meeting between trump and then fii -- fbi director james comey. a memo written by comey says trump asked him to end the investigation into former national security adviser michael flynn. flynn step down in february after just three weeks on the job. he was forced out after lying to top white h

the u.s. is represented by the newly appointed u.s.ive, barely two weeks on the job. he provided little guidance on the u.s. trade policy in this part of the world. all he said at that the u.s. -- we do not really know. he also maintained that the u.s. will pull out of tpp and what it wants from the asian partners are pretty much bilateral trade deals. precisely such an arrangement worries the wto chief. he said that is the biggest risk to the multilateral trading system. >> the biggest threat is for countries to decide to do things on their own and to take unilateral action. once they do, and this invitation exists. whenever you have a sluggish economy where you have stagnation, the tendency to find solutions looking inward is higher. the fact that the ustr was present at the meeting a significant. he is newly appointed an effect that he is here show some kind the apecss to trade in region. >> was there any progress made over the weekend? we knew that tpp talks were taking place. there has been a lot of dark clouds over the future of

so a u.s. national was defined as free to enter the united states, tree of immigration restriction -- free of immigration restriction, and u.s. nationals were granted the protection of the u.s. military. but there are very few other rights that were extended to nationals. so, for example, u.s. nationals that came in the u.s. could be denied employment by the federal government because in a series of cases it was made clear that nationals were not eligible for employment with the u.s. government. so the gonzalez case is really a turning point here because by, say, 1904 the united states is now legally bound to admit puerto ricans entering through new york, and this would by extension apply also to filipinos. so the original promise that some in congress had made, you know, that we would be able to control the effects of our colonial policy overseas and limit migration proved to be untrue in this case. and once puerto ricans are arriving as nationals, they are still, though, subject to xenophobia

the u.s. president tells nbc news he would have fired james comey even without recommendation from the justice department. ♪ anna: welcome everybody to "bloomberg daybreak: europe." i am anna edwards. let's get straight to the blank -- breaking news. we will talk to the management of these companies. we have numbers coming in. this is the steel company, now much more diversified industrial group. they are raising their even forecast to $1.48 billion. raises.sted ebit raising their profit outlook after selling their brazilian plant. agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. around see what they do their american unit. there is the expectation they will exit the business. there is talks they will transfer the european assets. we will get an update on all of those matters when we speak to the management. inwill talk with their cfo 45 minutes time. let's get to other breaking news . sticking with germany, this is the munich-ba

u.s. leaks about the manchester attack. anna: a warm welcome to "bloomberg daybreak: europe." i'm anna edwards. matt: and i'm matt miller here in berlin. risk let's put up the radar and show everybody where we are on the overnight session, the asian trading day higher on equities. the msci asia-pacific of 5.8%. of by .8% for the price of a barrel of crude. were indiana and will get more from manus shortly on the program indiana. the russians talking about the option for a further extension. so these facts very much in focus and is the move in the dollar, a little weaker on those sentiments. concerns about inflation lead to questions about what happens thereafter. matt: that was interesting to me, we saw treasuries yesterday actually get on up, which at that was fascinating, after the notes came, the minutes came out , we saw note get off. right now are looking at 2.25% as the yields on the teen your climb back up a little bit today. fallen by 1.3% yesterday. maybe stabilizing today. then y

u.s. and try not a great to promote shipments of american natural gas. finance ministers do not see eye to eye on trade. investors are focusing on the data, looking for evidence that consumers bounce back after a week first quarter. this is bloomberg daybreak. u.s. retail sales coming up shortly. grind lower continues, futures a little bit softer, down 2/10 of 1%. euro strength, not the story, the dollar on par 4 to best week of the year. >> all eyes on the u.s. economy. u.s. retail sales and vpi -- cpi for april. discussing monetary policy in dublin and the philadelphia fed president delivering a speech on the economy. at 10:00, my favorite thing, universe michigan sentiment numbers, the soft data read. >> because it is michigan, that is why it is your favorite? [laughter] therade at the top of agenda and late yesterday, the commerce secretary announced a trade deal with china, exports of everything from beads to liquid natural gas. cirilli.s kevin we thought we were going to war with chi

the u.s. and north korea. this is about 35 minutes. good evening, ladies and gentlemen. thank you very much for inviting me. i am delighted to see so many guests from the united states, as well as the nations of asia. please, enjoy your stay in japan. it has been more than 4 years since i have retaken the government. japan, before that, under the rule of the democratic party of japan was enwrapped with pesism with a sense of deregulation. japan was not able to make its presence felt in the international arena. population is shrinking, thus it can no longer expect growth, japan is already in its twilight years, such was we often heard looming large before us to give it all up. the stock price, at the time, was less than half of what it is today over 8,000 yen or so. i stood up to take on the challenge. i promised to restore japan to what she use to be. how is japan today? during the past 4 years through our economic policies, it has grown by 9.5%, adding 47 trillion yen, an all-time high. nomin

paul: the u.s.said president trump never intended to tear up nafta but it requires a thorough revamp. speaking in washington he said the guiding principle that will be "to do no harm." russ says he wants talks with congress by july has big changes will require approval on capitol hill. he also says the window to change nafta remains open through the -- to next generally. a malaysia airlines flight turned back to australia after a passenger tried to enter the cockpit. back in28 landed melbourne. the carrier has offered no further details. malaysia airlines is recovering from two fatal and unexplained disasters in 2017 where a flight banished en route to beijing and mh 17 was shot down over ukraine. a woman linked to the scandal that toppled south korean leader hai has [inaudible] made headlines when it was revealed that samsung paid i -- $850,000 to buy her a horse. part of the widespread corruption in korean clinical and business circles. reports from japan say toshiba will not release or will delay

the cable went on to urge senior u.s.ernment officials to "encourage the saudi government to take more steps to stem the flow of funds from saudi arabia-based sources to terrorists and extremists worldwide." trita parsi? >>>> this trip is not about fighting terrorism. if it was, we would have actually seen much firmer position by the united states against these funders in saudi arabia who actually also provided the seed funding for isis. instead, all of the focus is on air ran. why is that? is beyond for this the fact the trump administration that there are elements in the trump administration and certainly people in saudi arabia and in israel who want the united states to once again adopt the hegemony in the united states. they want the us to be completely responsible for the security of the middle east, meaning the u.s. will have to uphold it and pay for it through some treasure and blood, which would obviously then benefit israel and saudi arabia and some of those states that are allied with them. this puts the u.s. in

the u.s. where we saw markets down almost 2%. the nasdaq down 2.5%. do you buy the debt? and here in europe at least we see futures still down although only by a little bit. .2 of 1%. 1/10 of a percent. s&p futures have turned around so it looks like equity investors are not overly concerned or not concerned at least that the plunges in the u.s. and in brazil are warranted here in europe again today. guy: we have priced of it in yesterday but not all of it. that is what markets are reacting to. let's look at the gmm. you can see the s&p 500 move down 1.8 2%. we recovered a little bit but we have not recovered all of it and that is significant. other markets are following suit. the dollar is bid, the dollar index is up and the yen is up by one point 5%. the euro is down but it is trading north of 111. let's get the first word news update. here is juliette saly. juliette: prime minister theresa may's conservatives are expected to unveil their party manifesto ahead of the uk's general election wh

the u.s.respondent sentiment firmly there. the bond market, u.s. treasuries continue to fall. i have to say they are clawing back some of the earlier losses. australia's bond market in the red head of the policy decision coming up in 30 minutes. yousef: equity future just glancing at them. in terms of what is happening in this part of the world, they have more and more corporate earnings. on the imac function, a breakdown. you will see strength in particular sectors. properties as well, consumer discretionary stocks. txt entertainment as well. there were downsides from financials and industrials. volumes were up a notch compared to the last trading day. a quick note on egypt, the risk crude down to a one-month low. rising gasoline inventories being weighed against the declining inventory. high, april 7. china's steel industry steadying there. tightening once again over treasuries and south africa relatively resilient in this equation as the political risk continues to be important. the first w

the u.s.reasury secretary, steven mnuchin, is breaking -- says breaking up the big banks would be a huge mistake. there are concerns the trump administration is planning a revamp of wall street. he told the banking committee he does not support separating retail operations. that would have a significant impact on the markets and economy. iran has had back at u.s. sanctions pronouncing them as illegal and proposing counter measures. entities.eting seven the management consultants work in israel. they are working to curb iran's ballistic program and will continue to cut measures under the 2015 nuclear deal. iran both saying the presidential election, seen as the most important since the founding of the islamic republic. it is a straight fight from the moderate incumbent. economy has been the major issue. i is defending his deal, while his opponent said it failed to produce the promised benefit. investorssappointed despite beating estimates with a 60% surge to $5.6 billion. earnings were hurt by

the u.s.eserves the right to put itself first. korea's latest missile launch is seen as a director challenge to washington and seoul, korea. we have the world covered here on "daybreak asia." we will be live in beijing for china's plans for a new silk road. in new york, all the details of the global hack attack. he careful as you turn your computers on. liveis "daybreak asia" from bloomberg's u.s. and asian headquarters. it sounds really ominous. it is just after 7:00 p.m. , those is a big story hospitals and government facilities being attacked, but all eyes will be on the bill and road forum, $78 billion in infrastructure spending pledged at the time we are a focus on data, retail sales data out of china. when it comes to the u.s., , theng seems to move much s&p 500 2400 for the past couple of weeks. china,a big project from how will the u.s. and the rest of the world react. earthquake-layy quality? we will examine that later in the program. we seem pretty stuck here. the retail sales number

u.s., closing near the all-time highs. low.ility at a 24 year it is incredible. the french elections pretty much have got people complacent here. you can do wonder whether or not we are in a danger zone. are we lulled to much and all the gains? hurdle weter that whole gir got, there is not much that can spooked investors at this point. china remains a cautious market. no relief inside after we see the forest deleveraging coming out from the government and the trade data we got yesterday. it was decent, but softer than the previous month, so let us see how the rest of asia is performing here so far on this tuesday morning. a little bit of weakness. we are down about a quarter of 1% right now. we did see dollar -- a lot coming back to the u.s. dollar after the fed. we are seeing gains against the g10 currencies. t -12 hours now until treasury -- treasurer scott morrison delivers his budget. will the credit rating be at risk?futures are pretty soft. slightly positive. the aussie dollar unchan

the u.s., i think the u.s. second half of this year, people comfortable with the u.s.much of the slow down in simplyrate in china is to get the arms around the situation?th will it work? debate about tightening policy. they slowed down the depreciation of the credit growth. the debt level is way too big. they slowed down the rate of growth. it will be something that's important. down. you start bring it as lonas long as you keep growt, is a huge country that grown in extraordinary ways over the last ten years. credit too big. >> it's not question whether the credit growing, what is the used for?ng there are less productive ones give them real problems down the road. how are they doing directing are places?it in the right >> one is, china done pretty over capacity in number of industries. they trying to ring out some of capacity. production keeps up, you can still do okay. and the debt these soe's government entities that is too big. creditors, lot of the put in wealth management productings. too big. too big.ystem is as long as you keep growing and as long as the gover

here in brussels the u.s. has been trying to talk its nato allies into adding thousands more troops in afghanistan as well. but so far the reception has been cool. and as for the decision to beef up u.s. forces, it has been postponed until the president returns to washington. >> pelley: liz palmer in brussels tonight, thank you. today the pentagon acknowledged at least 105 civilians were killed in a u.s.ir mosul, iraq, in 500 pound bomb g to take out two isis snipers. the pentagon said today isis had explosives in the building and the secondary blast could lapsed the struck tawr. comipng u next on the cbs evening news from brussels, alarming news from people who don't get enough sleep. and later, one family, five graduations. >> pelley: tonight we have a fases naturing new study on sleep. we hope the results don't keep you up. here's dr. tara narula. >> reporter: scott, this study looked at the effects of sleep duration in people with metabolic syndrome which is a group of conditions that puts people at risk f

that has been a red line for all u.s. administrations and we think with we have a few more years before that development occurs. but we may accept a mutual nuclear relationship with russia building from the soviet union. we don't want to get in that situation with north korea. >> do you think that kim jong-un is a leader who would use these vessels? >> he could. if he's assassinated his half-brother and if he killed his uncle, you could certainly -- it is possible. he said he will. so again, it's not something we want to give him the option to consider. we would like to preempt that option. >> this is from arizona, democrats line. scott, go ahead. >> i just wanted to know what the policy make -- i'm sorry, the decision making policy on keeping secrets for our information technology and weapons systems and everything. why not just have it all laid out so everybody knows everything? i mean, after the cold war scare, you know, we all had nukes. we didn't all die. so why are we keeping everything a secret? i just feel like it

the u.s. market has traded. the white house is on the defensive at this hour over allegations president trump they have tried to derail the investigation into his former national security advisor. the bloomberg is reporting that in a memo written by james comey seen memo claims to have reported by someone seen this copy of this memo. saying the president essentially go. let this investigation let's get straight to washington now with more. nobody has seen the memo yet. it sounds like it is a matter of time. >> absolutely. we have a description from .omebody who has seen the memo seen a copy of it. outlets in media washington have confirmed this story. this is something riffling through washington now. there are comments across the political spectrum. many saying this only validates the need for an independent prosecutor, an independent commission to look into the allegations president trump may have tried to squash an investigation into its former national security adviser. we have a comment j

the u.s. she told a campaign rally that relyal -- reliable relations forced are somewhat over and europe must take destiny into its own hands. during president trump's trip he called germany very bad and blasting allies for not spending enough on defense. a member of president trump's cabinet is downpraying reports that white house advisor jarred kushner was seeking secret communication with russia. the u.s. homeland john said is was no big deal. they spoke to russian's ambassador and proposed a back channel between the trump transition team and the kremlin. many of british airplanes computer problems have ended but the chaos is lingering. the airline is trying to recover from a massive technology failure that disrupted hundreds of flights and stranded thousands of passengers. they say the problem was caused by a power supply issue and no evidence of a cyberattack. in south africa, the president jacob zuma survived a attempt by some african congress leaders to order him removed from office, ac

the u.s.-based muslim cleric who is accused of inhestrating a failed to 2016. we go to ankara. jasper, hello to you. what erdogan is looking for in these talks, and whether he is likely to get them. toper: erdogan wants america withdraw support for the syrian kurdish fighters, because he sees them aligned to the turkish and surgeon -- insurgents, the pkk. he also wants america to extradite the exotic cleric who is blamed for the coup attempt last july. thirdly, he wants americans to release two turkish citizens who have been charged in the u.s. with violating u.s. sanctions on iran to the level of tens of millions of dollars. analysts in turkey and the u.s. predict that erdogan will get nothing on all three demands. the u.s. will continue to support the syrian kurdish forces simply because they have proved to be very effective in fighting against the islamic state's group. there is a u.s. expert on turkey that said something quite prospective -- perceptive. he said president trump's choices no

. >>> donald trump also condemns the u.s. intelligence leaks in the manchester attack after uk prime minister theresa may raises her dissatisfaction in a brief chat at the nato meeting. sterling hitting a two-week low against the u.s. tlar adollar a two-month low after the party sees its lead reduced further in the election poll. >>> good morning. glad you're with us once again on this friday morning. it's the end of the week. it is the friday before a long bank holiday. many european markets are taking a bridge day. volumes once again today are somewhat lower. we are seeing outperformance in the ftse 200. this has to do with the drop of sterling. this is on the back of the latest poll showing the lead of the conservatives against the stories down to just 5%. the cac 40 off by 0.4%. let's get back to the big story. our headline today, that is, of course, the oil story. oil prices continue to drop, that's having a negative impact on the oil stocks across europe. bp off by just a tad, but italy off by 1%. crude prices continue

the pulse of the u.s.nomy is determined by the business people, they get two thirds of the jobs created by small and medium businesses. manus: are what you are saying as a cfo, are you prepared to invest more exposure in the u.s. or are you hesitant? guest: the realities around the is that there is political noise across many different issues. but for our investment decisions the u.k. is a significant market, it is 30% of our revenue and we will continue to invest. it is a great economy and we are seeing a lot of small and medium is mrs. particularly in the cloud and some of the mobility situations. anna: you mentioned the u.k. is biggest u.s.as the software development company. many ask why there has not been interest in buying you, some american business with deep pockets have not been knocking at the door. what are the prospects, do you see yourselves standalone, do you see yourself being interested in falling in with a bigger ship? guest: we announced a couple of our positions in the last half year. gr

in saudi arabia, u.s. president donald trump has told arab leaders that the war on terrorism isn't a fight between different faiths. he also called on middle east allies not to wait for u.s. help to crush terror groups, and assure terrorists find no sanctuary. it was an attempt to ease concerns that the trump administration discriminates against islam after attempts to ban people from muslim majority countries from entering the u.s. women should have the chance to build prosperity for themselves. it has to be done and we have to let them do it. summitd's help, this will mark the beginning of the yen for those who practice terror and spread its vile creed. haidi: in the u.s., meanwhile, he plans to propose $1.7 trillion in cuts to category of spending that includes entitlement programs for lower income americans as efforts to balance budget begin within the decade. according to a congressional aide, the white house will issue a formal budget request tomorrow that includes $274 billion in cuts over 10 years.

a u.s. production is on the rise and that is going to provide a balancing force to the output cuts in opec. inventories isl going to be slow to come by. yousef: the people at standard chartered are saying that u.s. total oil production will hit a record this month. if you look at what the market is pricing, is it relevant whether this agreement is extended are not? more toneed to do depress prices and global markets? >> great question. processto speed up the to reduce global oil inventories, opec and other non-opec members may in fact need to cut more. i think that the more easily achievable solution is for opec to extend the cuts that are in place through the rest of this year. and then the hope is that the strongdemand will remain , that will help counterbalance the rise in u.s. oil production. over time the market will dent in theput a oil inventories globally. it will take time. yousef: thank you so much for your thoughts this morning. by shery: president for energy. saudi arabia's, mark

he has become the first sitting u.s.resident to visit jerusalem's western wall, one of the most sacred sites in judaism. he spoke of a, quote, rare opportunity to bring peace to the middle east, dubbing a peace accord the ultimate deal. trump also had tough words for iran, promising that tehran will never have nuclear weapons. reporter: in a visit heavy in symbolism, even the plane ride was unprecedented. donald trump arrived in israel on probably the first ever direct flight between saudi arabia and the jewish state. the two have no diplomatic relations. israeli prime minister benjamin netanyahu welcome to trump, hailing his country's close ties with the u.s. >> your visit here, never before , as the first foreign trip of a president of the united states, included a trip to israel. thank you mr. president. [applause] thank you for this powerful expression of your friendship to israel. reporter: for his part, trump stressed in message of reconciliation in the middle east. >> we have before us a rare opportunity to bring

angela merkel, u.s.o leave early, once a pledge from all nations. >> it is important as leaders that we show our fierce determination to ensure we use every tool available to us to fight against terrorism. correspondent: one document signed and a round of applause, despite the differences of this first day. sara: good to see you. merkel says the other g7 members try to convince trump to back these climate records that he would not budge. why do you think that is? >> he deserves the right to make up his mind on where he stands on climate change. he has described i it as a hoaon the past but f for now thehe und states is locked into this paris agreement. they could opt to get out of it. it was feared that coululd happ. now with the g 20 meeting c comg upup in germany, that leaves moe scope to find out how far it is possible to go with this administration. the united states has not made up their mind yet. sara: they did manage to present a united front on terrorism but what are they going to do about it? >>