blessing for the u.s. much and navy which supplies eighty percent of all food. without this law put a rico could save a billion dollars a year. this year a new austerity measure was added. to settle its debts the island increased consumer tax. seventy percent to put a rate goes public debt is in american investment funds. which received tax benefits for the loans. the new action group has denounced the island debt for several months it's. gotten blames the u.s. for much of it. seemed . cool. by guns initiative is seeking to cut the debt. it's trying to prove that it all came a belt illegally. in the puerto rico prohibit me from the monitor and i know you know that all being important. but i don't know. oh yes i remember. the debt to be partially counseled. in the meantime the crisis is worsening. a few kilometers from the capital ruth with it's a grandmother. carbon is ninety and lives in her house alone. she's been a social worker her whole life. had all been fios for a pension the public pension fund is empty. one of the one of things that i might. give. them

u.s. for much of it. seemed. cool. by guns initiative is seeking to cut the debt. it's trying to prove that it all came a belt illegally. for my. love interest in the puerto rico prohibit me from they want to know you know that all. sarah. business is built by resting on the. one people see almost as. oh yes i remember. the dead be partially counseled. in the meantime the crisis is worsening. a few kilometers from the capital ruth with it's a grandmother. carbon is ninety and lives in her house alone. she's been a social worker her whole life. has. no job and feels for a pension the public pension fund is empty. one of the nothing about a right. i thought i had. bought on e bay i don't. get billing a thing young and then but i mean what else. you're going to get out of. the. most of comments children who fled the crisis by moving to the us. it's that enjoying. ok. new york. nobody like a yes i mean where do you go. the part that he could never. make it but. i guess we have an idea. that i mean. by yeah. that's you know i think. better to. have the with. me and i th

u.s. have gotten so much bigger.now adominant, and lot of them collapsed, we had banks that collapsed, we lost a lot of players, but jpmorgan, merrill lynch -- our collapse or's are still there any way, but europe has thrown a lot. vonnie: plus, but it three's -- credit suisse remaining because even though he is delivering on some of what he has promised, including some of the bad bank together and also winding its down bit by bit, but equity trading was down by one third, a third of what it had been. what is going on with credit suisse and can we blame regulation or anything like that for their performance? >> they have rules they have lamented after the crisis, but the u.s. is not that far behind. switzerlandk., and came up with tougher stock. the rest of europe did not go as far, the capital spenders -- but switzerland, they realized the government and regulators realized that the banks were so big, multiple times of their gdp, 10 times of their gdp. so they did not want to have too much of that risk. they raided

much. >> in 2010, the amount of opioids prescribed in the u.s. peaked at an equivalent of 782 milligrams of morphine per person. by 2015 that figure had dropped to 640. but that is still three times as high as it was a 1999. that concerns policymakers as they try to curb an epidemic of opioid abuse that led to more than 33,000 deaths in 2015. some states are taking action to catch people who are abusing opioids. a new georgia law requires pharmacist to control all substances to a monitoring database within 24 hours. >> the consensus overwhelmingly was the scope and the depth of the epidemic really compels this. it is absolutely worth it and we believe it will save lives. >> federal health officials are urging doctors to explore other pain management options such as physical therapy. >> jon: a new development on the health front for congressman steve scalise, what doctors are revealing now about his condition after the shooting. plus, his time running out for a diplomatic solution with north korea? our next guest is the u.s. has no shortage of opt

u.s. that's very much had angel merkel engaged. at global crisis but there's a concern about the protection that the u.s. may be making >> there was a lot of talk about the agreement on syria, rex tillerson afterwards said will it hold? i guess we'll see. he seem pretty noncommittal about it. how important was it to at least bring that up, professor? was that a surprise they talked about this today and do things like this hold up long term >> they usually don't hold up long term. we've had many cease fires, i don't think there's high expectations about this going forward, but president trump, both president left with something to show their audience, and that president pruitt is important but also for trump >> we talk about politics a lot about what it a looks like to put president trump next to putin, how would that play for russians to see putin next to the president of the united states >> putin very well, putin is known as the master negotiater, this will look far favorably on his ability to project on a bilateral can only spell

u.s. dollar. i am looking at the index. year-to-date declines of 6.7%. where does the yield go from here? >> i don't think we will see muche strength coming for the u.s. dollar. it had a fantastic year in the past, it was driven by divergence of interest-rate policy from central banks. that has been already priced in. to see much further appreciation in the dollar, we need to see a shock from the fed, we need to see the fed hiking much more than what the market think and we need to see long-term interest rate yields in the u.s. rising much more aggressively. i'm not convinced we will see any of this, and for this reason, i expect the dollar to remain mostly range bound, and i don't expect to see another wave of dollar strength. it is fantastic news for the u.s. and the fed. the fed is hiking, but financial conditions and not tightening because long-term interest rates are not really rising and the dollar is not strengthening. that makes it easier for janet yellen to deliver the hikes. yousef: what is unclear is what they will do in terms of fiscal reform and how that will impact the overall economy. the know you have stro

u.s. administration, i think there is a much more sober assessment of what north korea is potentially ableo do. this is a shift, not quite a game changer, but it is definitely a shift in the seriousness with which -- whether it is china, south korea, the u.s., japan, russia -- all the involved powers, now looking at the crisis somewhat differently than they did a few days ago. absolutely, a shift among shifting relationships as well between world powers, the u.s. and china. richard, stay with us. we will take a look at the crisis in the gulf. and that qatar deadline. this is bloomberg. ♪ rishaad: you are back with bloomberg markets, i am a shot salon that. angie: i am angie lau. let's bring back richard fanning and talk about qatar. according to a saudi dress agency, theess saudi block did get qatar's response, and they are to apply at "the right time." where does this leave the gcc? richard: it leaves them in a real mess. it is a much harder geopolitical drama to understand the north korea. north korea places in its view, annexes that -- existential threat. its nuclear program is the one

u.s. dollar. how much would you allocated at? declaration last week did not help much.at. yen. was a rally in that will obviously bring the price of crude up a little bit, too. tracy: one more question. we have been discussing oil obviously, but it is only one part of the commodities complex and we have seen some interesting moves in commodities. what do they say about the state of the global economy? do they say anything about demand or is it more of a supply story? mario: it is both. supply and demand. the dollar price has a very strong power to play there. we did see gold rallied a little bit on the back of the weak dollar. overall, the economy right now looks strong. it is the summer, so we can't expect too much happening, but overall, i think the economy -- we have a very strong numbers. is not a bad thing to happen, the weak dollar. yousef: thank you for joining us on the set. a quick reminder, we have an amazing function to show you on the bloomberg, the interactive tv function, you can find it at tv . you would not only able to watch is lives, but see previo

and this is not a question of just whether how much it contributes to u.s. trade deficit or not or how much jobs it affects. but first the question of basic unfairness and the difference between this behavior and chinese commitments. as well as the effect on companies that are competing with china in the u.s. and elsewhere. but even beyond that, because of china's size, its unique size, chinese industrial policy is having a huge global effect on b business modeled, not just in china but globally. so it's really important we address this issue not because we're trying to support one company winning over another, but because of china's size and it has a special responsibility. that's something we focused on. i think hufon and his group on the chinese side did focus primarily on the benefits that both sides gain from the relationship. the need to continue that. and to avoid any path which would lead to growing protectionism on either side. our sense was, again, from our report, is that these chinese declarations of continued reform and opening, although repeated

u.s. to push back what they see as expanding iranian influence. in the trump administration, muchore so than the obama administration. you have the greater agreement with respect to that. i think you will see a greater effort by the u.s. and some of its allies to push back against iran and the different places whethere it is in yemen or iraq or even the gulf itself. they feel that the influence has spread and gone unchallenged in recent years. >> president trump won a partial victory to impose a travel ban on six muslim majority countries. details are next. this is bloomberg. ♪ >> welcome back to the best of bloomberg markets: middle east. the u.s. supreme court handed donald trump a partial victory on his travel ban. >> for people to be allowed to come to the u.s. from the six countries, they have to show atd donald trump a partial victory on his travel bona fide reason that they have a relationship with the u.s. it has to be something like an appointment offer they accepted, admission to a u.s. university, a family relationship, they are not allowed to have any of those things a

u.s. believes in our report that china isn't living up to its commitment. muchmore needs to be done to bring china back into compliance. and restart liberalization. there is a variety of things the u.s. can do. both carrots and sticks. and be proactive pushing for the outcome. into begin rigorously enforcing bilaterally and the wto. think that it is reasonable to strengthen the for considering if may havel investments concerns for national security. within our group, there was no consensus about the term reciprocity. finally, it is extremely important. , chinang the problems needs to engage in multilateral forum, and theal u.s. needs to further engage its allies. this type of core strategic challenge. those itneeds to pick is going to cooperate with and engage china more effectively on these issues and achieve what we believe would be a more genuine win-win outcome. >> will now move on to global governance. will leadoff.sor >> it has been a privilege, as others have said, to participate in this project. i think it's important to say that because this project dem

u.s. dollar. muchon that, and calling it in commodity prices, supply catching up to the recent rally. if wes the best guess, are anywhere near the $73.74. right, thank you. though forget to check out the interactive tv function. -- don't forget to check out the interactive tv function. you can see previous interviews, dive into the securities are bloomberg functions like talked about. you can become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. check it out. ♪ ♪ betty: good morning, i am betty liu in new york. are watching daybreak australia. a look at the business flash headlines. wells fargo has a new problem following fraudulent bank accounts, compromise consumers, now there is unwanted auto insurance. the bank may have charged half a million people for insurance they did not need. back in may, executive talked about changes, not about the insurance issue they had heard about from july last year. betty: this person has agreed to sel

much for the dollar. executive. it means the dollar is not being driven by the u.s. as much as they were and where the u.s. where expectations about the fed are -- anna: how is the inflation data in adjusting people's expectations about how high the rate goes, how much more tightening we see from the fed? it could slow from 1.7 today from 1.9. guest: i think what you saw last you yields that as moved from 2.12 2.4, -- 2.1 to 2.4, this week with bond yields coming back down with janet yellen standing much more dovish, we are up 4%. the korean won is doing better. if we get a 1.7 cpi and sit there and think, we will get more of this inflation, the fed probably does not go in september because they will do some talent sheet reduction. the i think the winner is global hunt for yield. , and i am debate trying to take the hard data versus soft data. these are a couple surveys. the chicago fed in yellow and the -- they are all just tipping over. and the heart data is -- hard data is also on the tip as well. how much risk is that to the dollar and to the market? guest: it still supports the idea in my mind that the

much. chief u.s. economist on the jobs report.et a roundup of that story and more to get your day going in today's edition of daybreak. subscribers can go to dayb on their terminal. you can customize your settings so you only get the news on the industries and assets you care about. this is bloomberg. ♪ betty: a quick check of the latest business flash headlines. warren buffett said to be trying texas,ties takeover in where arab energy have already failed. the berkshire hathaway unit nearing a deal to buy energy future holdings, encore, the largest transmission operator. some of the third to face texas regulators are utilities. -- utilities they have highly guarded. equity partners nearing a deal to split up health and education consultants advisory board. would -- vista would buy the education business. they were closing at their highest since december, 2015. harm: betty: plenty more to come -- betty: plenty more to come, asia's first market open moments away. yvonne: a busy, busy day in the markets. earnings reflected here

u.s.-china arrangement or condominium to manage the future of asia. there was muchless enthusiasm on the u.s. side but even within the two side there was some debate and disagreement. i'm going to let my colleagues go into more detail on these areas, and just conclude for now by saying i think when you read the papers, you'll find that these, papers that sort of stand the test omenot based on today's or tomorrow's news about the g20 or the north korea problem, although we can talk about that. and in some ways they made a very strategic model for useful dialogue would look like and to address each side of no interest in find ways to minimize consultation cooperation but be realistic about some pretty fundamental differences that we've unearthed. so with that i will turn over to bonnie and then zhu feng to address the asia-pacific paper. let me quickly add we printed out as many papers ever thought we'd have audience, this being fourth of july week. we were short about a 2% short. this is online as well and so you can get it online and check it out in chinese and engl

the entire world with suffer including very much in the u.s. instill the currency would react to that and probably would not change the deficit all that much, unless they went -- the only way to stop the deficit is to stop trade. anna: on that note, you talked about how none the key political and economic tailwinds you discussed at the start of 2017 had actually come to fruition. all the worrying about global trade, nothing terrible has happened on that right. is that because it is yet to come, or are you quite relaxed that sense will prevail? holger: we have to brace ourselves for small-scale protectionism. the good news is, the two sides, the china -- the china are talking. we were not sure there would be a lot of talking. we were afraid, given what the trump administration had started to say that it might the condemnation of china as a currency manipulator in whatever. things are going fine, we are of the kind of risks that are always around. manus: a new forward, the sino u.s. relations are beginning to form. they were worried they would be

u.s. history. muchf it focused on opioid abuse. 412 people country, including 56 doctors. 120 of them for opioid r crimes. the suspects government $1.3 billion in false claims. attorney general jeff sessions blasting the suspects for fueling the country answer opioid crisis, w takes 33,000 lives every year. >>> we turn next here this evening to an american family looking for answers after the death of their daughtewh they were all on vacation in mexico. she and unconscious in a hotel pool. she later died. here's abc's senior national correspondent, matt gutman, tonight. >> reporter: tonight, a family from wisconsin is seeking answers about their daughter's mysterious death in mexico. >> somebody needs to pay for this. somebody needs to be held responsible for this. somebody got to my >> reporter: hours after the family arrived at this five-sta mexico, in january, seen here in a promotional video. the family says 20-year-old abby conner, and her 23-year-old brother austin were last s drinking by the pool

u.s. has taken a much more direct role in the months leading up to this today, to the liberation of mosul. expect to see that continue. >> and colonel francona, i want to ask about syria. the u.s., russia and jordan negotiated a cease-fire that went into effect today. what are you looking for to determine whether or not this cease-fire just brokered during the g-20 is in fact being honored? >> it isn't. we've seen artillery strikes continuing from the moment the cease-fire was announced until the time it went into effect and i suspect it won't last long. these things have a way of not happening. key here isn't the factor of the cease-fire itself. they're always good, but always get broke. the key factor, the united states and russians are talking to each other at that level to try to get a political solution in syria. and i think that's the takeaway from this. the americans and russians actually talking to each other about the future of syria now seriously. >> for now, encouraged. >> i am. >> thank you both so much. appreciate it. >>> all right. coming up, wildfires ripped through southern

u.s. or even go as far as a place like chicago, which is much more inland in the u.s. in addition to confirming this information, the pentagon has said they are monitoring very closely and that actually, they were expecting this. u.s. spy satellites have been watching the area for several weeks waiting for a test. >> we have seen a series of provocations from north korea recently. what options does the trump administration have to stop these? >> this is the problem, that the administration is really running out of options. we have seen trump take a much harder line stance on north korea than his predecessor, saying that this era of strategic negotiations is over, but the administration has not come out with a policy approach. this comes to the weeks after the new south korean president made an unprecedented diplomatic extension to p'yongyang to restart talks between the countries and the diplomatic hand that was extended was not answered. perhaps north korea is just waiting for the inevitable next round of sanctions to come down to say we will be forced to accelerate o

authorities have detected an uptick in suspected russian intelligence officers entering the u.s. . how much you heard of that but this came up in the question session with sergey lavrov just a few minutes ago and he sort of brushed it to one side again saying look we were in agreement with president that not one fact has been put forward what do you make of the hysteria that continues to surround this topic in the media. well i think in the united states specifically there has been significant focus on the allegations made that russia was involved in the us elections and in fact as you know that there was a number of investigations taking place from the department of justice as well as on senate and the house of representatives side to focus on getting answers and i think that should certainly play out and i think it's important for both administrations for president donald trump's administration and president putin to be able to discuss these issues openly candidly and to be able to respect their respective countries sovereignties i think that is important i think the meeting that we had t

u.s.-china and there was much less enthusiasm on the u.s. side. i'm going to let my colleagues go into more detail in these areas and conclude for now when you read the papers, you'll find that these are -- papers that sort of stand the test of time. they are not based on today or tomorrow's g20 or korean problem, although we can talk about that and in some ways a useful dialogue and how to address each side's fundamental interest and find ways to minimize cooperation and realistic about some pretty fundamental differences that we have unearthed w. that, i will turn it over to bonnie and yufong. we were short. about 50% short. this is online as well. you can get it online in chinese and in english, i think. with that, bonnie, thank you. >> thanks, mike. this is a very interesting project i would urge you all to read the papers very carefully and it's a privileged to be part of this. we have a very short period of time, each speaker so i'm going to hit on highlights and if there's time for q&a, we can go into greater detail. first convergences and

u.s. as well, how much of a close eye do you keep on china and are you concerned at all that that could ine a risk to the u.s. equity rally? >> you know, always concerned about that, just because of the quality of the numbers that come out of china or the lack thereof. but so we look at market based indicators. industrial commodities i think are a pretty good gauge of what's going on in china. and industrial commodities had been very firm since the spring of last year. there's been a tremendous rise in industrial commodity prices. not so much in oil and the foods and grains, things of that nature. so i think that's a pretty good monitor of what's going on there. always a concern because of the shadow banking issues and the debt that's been accumulated during their expansion. but don't see a reason yet to get real concerned about china. and we're certainly encouraged by the growth we're seeing out of europe. in terms of the number of european countries that all of a sudden are posting g.d.p. growth on par with the u.s., if not higher. very encouraging. i think that's what's given some life

u.s. how much of a missed opportunity is this? >> the infrastructure long-term, the u.s.o invest in energy infrastructure, the road system, to really have a going forward. looks like there are some dribbles in the system. it is not going as smoothly as it did at the beginning of the year. my vision is it will be sorted systemy quickly, and the gives a good platform to really lift going forward. tom: to what degree do you see reduction in political risk given the election of president macron in france, or will the brexit overshadow all of the risk and the positive economic fundamentals we are seeing in europe? ulrich: the risk scenario has improved from the beginning of the year. we did not know how france would come out, the german situation was faulty at that time, and you had brexit. france is now sorted out, we know how the french government will be. it looks like that and germany the predictions are also that it will be a quiet environment. the brexit is unfortunate from our perspective, but it will create a lot of uncertainty, insecurity, something we have to overcom

u.s. to russia is much our liquefied gas and is not comparable with russian natural gas. have a no doubt that we competitive edge here. but the market must work, it must be competitive. let's have the concluding question. >> after your first meeting with trump, do you believe he will this difficult position of american relations? much --nk -- i am very i very much hope so. >> c-span's washington journal live every day with news and policy issues that impact you. coming up, the brookings institute, discussing president trump's meeting with vladimir putin. dr. sally sentelle talks about efforts to combat the opioid crisis. willhether the senate replace the affordable care act. join the discussion. >> before heading to the g 20 summit, french president and menu macron delivered his first major speech at a joint session of the french parliament. panelists provided analysis. >> thank you. >> you have the floor. >> distinguished president of congress, the senate, mr. prime minister, ladies and gentlemen, members of the government, distinguished members of the national assembly,

u.s. companies control so much of the increasinglyhey're finding themselves in situation where they need access to data be u.s. held and stored. these countries understandably frustrated. is leading to a number of different incentives bet i think really need to to --sed. it's leading it incentivizes companies to localization. they get it according to their own rules, however privacy or not.d it's also incentivizing foreign to increasingly seek data, extra territor territorially without regard to u.s. law. it's putting companies in the middle. they have to decide i can comply with one law. it's not just a hypothetical concern. executive whon have been arrested and detained comply of failure to with foreign demands for data. foreign governments get frustrated, they seek out other accessing data. i think we see here a link between the debate that we're now andabout right to decrypt. respect why i think the legislation offers pretty very reasonable response to this. does notoes, it require a u.s. company to provide data to foreign government. it lifts the bar in those situations where the u.s. and

. >> to both of you, thank you very much. u.s. president donald trump has announced a ban on transgender people from serving in the armed forces. the surprise announcement comes a year after his predecessor made history when he reversed a ban on transgender people from serving openly in the military. trump said he made his decision after colton -- consulting with military experts and wrote the united states government will not allow transgender individuals to serve in the u.s. military. our military must be focused on decisive and overwhelming victory and cannot be verdant with the tremendous medical costs that transgender in the military would entail. his announcement sparked an immediate backlash. activist stephen peters tweeted a sharp rebuke. his attack on actively serving troops is heinous and disgusting. chelsea manning tweeted biggest baddest wealthiest military honors cries about a few trans people but funds the f-35. it sounds like cowardice. that was a reference to the military's new trillion dollar f-35 warplanes. other

much arguably. the further the price rises, the more incentivizes u.s. nd the more unbalanced global inventories become. think you very much. yousef gamal el-din in st. petersburg. minutes away from the open. we are taking a look at some of the stocks we expect to move in today's trading. german automakers are in focus as reports emerged about pollution -- allegedly collusion in the industry. shares tumbled friday and we will see if they continue today. this is bloomberg. the open is nine minutes away. ♪ ♪ matt: welcome back, this is bloomberg. let's get your stocks to watch. just about six minutes away from the open of equities trading in europe. autos are going to be closely followed after their big drop friday. l,e story broke by der spiege on automakers were colluding certain things including the size of the containers to fight diesel pollution. bmw,f those automakers, has denied those talks were thet collusion to keep containers down but rather to provided the correct and proper infrastructure for european car putrs to get the liquid into those conta

u.s. was much more involved in germany and japan. those are not a mess. rove guatemala's foreign policies are a result of u.s. foreign policy? >> i'm just a presbyterian minister. in austin, texas. i had a family come and ask her sanctuary. our church is a democracy. we all voted on that. because i knew the story down there, i didn't feel her story started when she got to our boundary. i'm not a political scientist. i did not feel like, as a christian, that i could close the door under those terms. >> tucker: i respect that in some ways. you sound like a passionate person. i admire that in you. there are bigger implications here because you are violating the law and encouraging others to do the same. it raises the obvious question which i asked a minute ago, who has a right to come here? people you feel compassion for or what is the rule that other christians like me should abide by? >> obviously, a lot of christians are going to disagree with me on this. i would say when people are in harm's way, this mother was born in guatemala. it was too dangerous for

u.s. how much of a missed opportunity is this, do you think? guest: if you look at the u.s.-term, the u.s. will need to in the energy infrastructure, electricity infrastructure, road systems, to really have a competitive platform going forward. at the moment, it looks like there are a couple of ripples in the system. is not going as smoothly as originally anticipated at the beginning of the year. i believe it will be sorted out very quickly, and that the ability in the system that gives investment a platform to be with going forward. reporter: to what degree do you see reduction in political risk in europe given the election or -- the election of resident crone -- president ma in france, or does brexit overshadow all that? guest: at the beginning of the year, we didn't know how france would come out. there is the german situation, as well. and you have brexit. france is now sorted out. we know how the french government will be set up. with the agenda going forward, it looks like in germany depictions are also that it will be a stable and printable environment. the brexit his

much for being with us. appreciate it. >>> up next, isis on the run. u.s. to driving the terrorists out of two key cities. how intense were the battles right now? we'll speak to a top ranking member of the u.s. anti-isis coalition, with a special july 4th edition of "new day" continuing. you're not taking these. hey, hey, hey! you're not taking those. whoa, whoa! you're not taking that. come with me. you're not taking that. you're not taking that. you're not taking that. mom, i'm taking the subaru. don't be late. even when we're not there to keep them safe, our subaru outback will be. (vo) love. it's what makes a subaru, a subaru. there's nothing more important so when i need to book a hotel, i want someone who makes it easy. booking.com gets it. and with their price match, i know i'm getting the best price every time. get up to 40% off now on booking.com. booking.yeah! >>> the fight against isis ramgz in mosul. iraqi forces are locked in an intense bat well a small pocket of terrorists remaining in the city. joining us from baghdad is the spokesman for the

u.s. to russia is much higher than our liquefied gas and is not comparable with russian natural gas. we have no doubt that we have a competitive edge here. but the market must work, it must be competitive. let's have the concluding question. >> after your first meeting with trump, do you believe he will manage to drag this difficult position of american relations? >> i very much hope so. -- thison c-span this morning, washington journal is next. at 10:00, newsmakers with american hospital association president and eeo, rick pollock. that is followed by senator ted constituentswith in mckinney, texas. later, another town hall meeting in beaverton, oregon with senator wideman representative susan bonaduce. coming up on today's "washington will discuss president trump's recent meeting with the russian president and what it means for the future of u.s.-relations with michael o'hanlon of the brookings institution. after that, dr. sally said tell talks about efforts to combat opioid addiction in the u.s. politicos jenniffer have a report talks about the potential fate of the health care la

u.s. how much of a missed opportunity is this? ulrich: the infrastructure long-term, the u.s. in energy infrastructure, electricity infrastructure the , road system, to really have a competitive platform going forward. at the moment, it looks like there are a couple of ripples in the system. it is not going as smoothly as indicated at the beginning of the year. my vision is it will be sorted out very quickly, and the system gives a good platform to really lift going forward. tom: to what degree do you see reduction in political risk in europe given the election of president macron in france, or does the question of brexit overshadow all of the risk and the positive economic fundamentals we are seeing in europe? ulrich: the risk scenario has improved from the beginning of the year. at the beginning of the year we , did not know how france would come out. wobblyman situation was at that time. and you had brexit. france is now sorted out, we know how the french government will be. it looks like in germany the predictions are also that it will be a quiet and stable environment. th

u.s. through much of the area. feels even hotter with the humidity, and even more heat later this week. >> announcer: news 4 midday starts now. >>> hi, everybody. goff. >> and i'm chris lawrence. sheena sort of alluded to it. it's only going to heat up from here. >> and sheena parveen talking about the chance for storms. 85 is the current temperature. with the humidity thanks to that south wind, it actually feels like 93 outside. at this hour it already feels about ten degrees warmer. look at the rest of the area. so by 4:00 william is where we should be bosh we'll still be warm at 7:00, but we'll be getting hotter as we go through this week. that's not even going to come with rain relief. a look ahead after your week is coming up. >>> you may have smelled smoke if you came down 16th street. this is why. a house in mount pleasant caught fire. firefighters says it spread from the barometric through the walls of the house. one firefighters was taken to the hospital. that person wasn't seriously hurt. firefighters did

u.s. administration's much tougher stance against iran for instance.bia along the region and with iran. i think what happened is an underestimation on the part of saudi arabia with how committed the u.s. will be with backing. the u.s. appears to be hedging and trying to maintain its interest in qatar and the saudi side. it is a complicated situation. it appears to have the key to this dispute. in points towards some kind of resolution down the line, perhaps the shared pressure, economic pressure that all of them main oil and gas producers east are feeling in the current oil price environment. guy: where does this leave the gcc? once this is done, is the gcc effectively a broken organization? can it ever recover? torbjorn: there has been talk over the last year of deepening gcc integration and moving closer to a political economic union. that has been extremely that has been extremely difficult given some of the internal tensions. that's clearly coming before now. gcckind of deepening integration over the next year, i think will be very difficult at the

u.s. to russia is much higher than our liquefied gas and is not comparable with russian natural gas. we have no doubt that we have a competitive edge here. but the market must work, it must be competitive. let's have the concluding question. >> after your first meeting with trump, do you believe he will manage to drag this difficult position of american relations? >> i very much hope so and i think the first primitive for that has already been laid. thank you. chinese president xi was one of the many leaders president that mettler -- met with the

u.s. election well i can tell you that american journalist didn't give their president a chance to be the first one to bring this question up thank you very much. u.s. secretary of state rex tillerson who was also in that room during the talks told us that the american president opened his discussion with his russian counterpart by citing the concerns of the american people over allegations of russian hacking rex tillerson went on to say that the president came back to that question several times but a lot of putin kept denying any involvement in the meantime the russian foreign minister sergey lavrov says that russia's take on this issue hasn't changed because of the new move from said this campaign has been blown through pollution and that's been admitted by those involved accusations have. been around for many months but no evidence has been provided trump says that putin denied any involvement in the us elections and he expects that what we'll be watching out for right now is of course the reaction from across the atlantic because you take my word president donald trump will be under a lot of pressure back home for what rex tillerson calle

u.s. offers the much more attractive reward here and the u.s.rise is still below the 2,000 peak however, i think from a positive viewpoint, yeah, we don't see that significant upturn in the u.s. dollar, it is still up significantly over the last three years and a lot of that global monetary divergence have been priced in efa in particular, that's the relative racial here eef in this range beginning to break higher verses and within this longer turn around. >> okay, does not like it and does not hate it it is kind of like a chicken sandwich >> erin and ari, thank you >> fears over ipos snaps falling and blue apron is below the price. should we someday away from these names right now. now your trading nation stat of the day and a word from your sponsor. >> you don't want a single position to be of your tradeable assets. additionally, you want to make sure that there's enough profit potential to justify the risk you're taking. consistently constructing suitable trades and add hearing to your it pexlan can help you build on trading successes ♪ if yo

u.s. based subsidiaries in a statement prosecutors said they were looking into potential fraud and false advertising charges related to emissions without giving much more detail this comes a week after the arrest of giovanni an audi manager that the u.s. justice department believes had a role in designing the defeat devices the software was able to shut down the car's emissions control system except for when they were being tested in labs for regulation purposes when we first learned about the devices back in two thousand and fifteen regulators were shocked but it looks like the w. isn't the only automaker that may have used them on the same day germany's investigation was announced dutch prosecutors said they're looking into two other carmakers for similar reasons according to the dutch road authority this is you keep the torah and jeep grand cherokee produced illegal levels of toxic emissions during protests and over in the u.s. the emissions cheating is expanding beyond. back in may. general motors was accused of designing a diesel engine for the chevrolet silverado and g.m.c. sierra that deceived regulators the claims which g.m. denies entirel