reporting from the g7 finance ministers meeting in whistler, british columbia.ain, breaking news on north korea. you are looking at the white house because we expect president trump to meet with .orth korea's kim yong chol he is a former north korean spy, vice chairman of the central committee. he has been in new york speaking to mike pompeo. we heard from the state department on that meeting went well, there was some progress. we are expecting kim yong chol to hand a letter from north korean leader kim jong-il into president trump today. he will arrive anytime. the letter, according to the wall street journal, does not contain any big concessions or threats. we will bring you the latest on that when we get it. this is bloomberg. ♪ >> from new york city, i am jonathan ferro. 30 minutes dedicated to fixed income. this is "bloomberg real yield." coming up, a jobs report leaving the federal reserve on track to deliver more hikes this year. political risk in italy. what is needed most. and a tough week for a former bond king. us why his firm had the biggest order dr

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and aluminum. leading german lawmakers are condemning remarks by the co-chair of germany's far right a.f.d. party saying the comments trigger.

at the g7 in whistler, bc, i am amanda lang. -- yesterday in whistler, finance minister bill morneauthe host of this meeting. he get to set the agenda for the g7 meeting. it's been a little hijacked by trade talk. i sat down in an exclusive interview with him. >> trade has been on her agenda for the last several meetings. activity, ifnew you want to call it that, the tariffs that the u.s. has put on canadian steel and aluminum, will add an additional flavor to that, and will make for some difficulty in our discussions. we know that we have a broader agenda, which is to make sure their trading system creates benefits for all countries and that we deal with nonmarket economies in a way that actually gets more productivity around our trading relationship. that is the long-term agenda. short-term we will have some words, i'm sure, from all of us to say that we don't think, as allies, that we should have tariffs for security reasons on any of us. from a canadian perspective, let me say, it seems absurd that put on canadafs from a security point of view on steel and aluminum. we are americ

youie: michael mckee, thank and for all of your reporting on the g7 meeting in whistler, canada.7 plus maire says the one. fascinating for the perspectives because it seems like all of these people are trying to send messages to president trump but he is not listening. said, fascinating part of the interview when mike asked him whether the u.s. is more respected under donald trump, he does not see the u.s. as being more respected and wants to overcome this trade dispute between the eu and the u.s. interesting little viewpoints on italy. like the question about the probability of italy leaving the eurozone increasing, and bruno le maire said he cannot imagine italy exiting the eurozone, avoiding the question. that is obviously very politically difficult to answer your. vonnie: having the interviews back to back with philip hammond and the french finance minister, bruno le maire, later on hearing from more luminaries, puts into perspective what governments are dealing with and how difficult it is for them to placate electorates and keep them employed, and at the same time, work tog

faced sharp criticism at a heated meeting of g7 finance ministers in the canadian mountain resort of whistler. members are angry over america's imposition of new tariffs on steel and aluminium imports. spain's new socialist prime minister, pedro sanchez, has been called upon by the recently—appointed head of catalonia's regional government to take risks on the issue of catalan independence. mr sanchez is opposed to an independence referendum. thousands of gazans have turned out for the funeral of a palestinian nurse who was killed by israeli fire during protests on friday. 21—year—old razan al—najar was shot dead as she hurried to the side of a casualty at the borderfence. the israeli military says it will investigate her killing. those of the latest headlines on bbc news. —— those are the latest headlines on bbc news. now on bbc news, it's time for the witch hunts in papua new guinea, people live in fear of being branded a witch. people are accused of using witchcraft to kill people who have actually died of natural causes. it's really depressing because sometimes, sometimes they really come

the united states finds itself increasingly isolated at the g seven finance ministers meeting in whistler office locking punitive tariffs on its ally meanwhile china looms that all trade deals could be all if washington imposes more towers also coming up. and survivors of the florida school shooting prepare to graduate sounds like to take to the streets in the u.s. cities to protest gone violence and call for stricter gun control we report from new york. and fresh allegations that i'm going to magically knew about problems at the jenin refugee agency the german chancellor is accused of failing to react or of the needs of the agency was struggling to process the sun and cry. i'm coming home free glad you could join us fears of a global trade war spiking off to china wants the u.s. it will suspend trade deals currently being discussed if u.s. president donald trump slaps any more tariffs on chinese goods this is the u.s. faces widespread criticism for imposing steel minion gigi's on some of its closest allies including canada and the european union american officials faced backlash at a gat

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently imposed terror.

we passed the portrait of edith vanderbilt done by the family friend whistler. we have two spots, one above the -- two spots with portraits of vanderbilt, and we have a beautiful commission of edith vanderbilt that hangs above these stores. we will now go to a favorite place, the library. as i mentioned, the george vanderbilt was very interested in creating -- in collecting books. this was to showcase his collection. there are 10,300 books surrounding us. that's less than half of his collection. we have more than 22,000 volumes that george vanderbilt collected that are still in the collection today. so george vanderbilt was reading from a very young age. even at the age of 12, he was keeping a journal of the books he had read, which he kept the entire life -- during his entire life. he had read 3159 books. they really span contemporary literature -- american, english, also french literature. he was fascinated with history, with art, with horticulture. we had one of the strongest libraries of horticulture. very interested in architecture. and our collection reall

he spoke to bloomberg tv at the g7 gathering in whistler, british columbia.ould have been united during the g7 to tackle the global challenges of the world appeared on thinking of course about growth, employment, development, and instead of that, we will be divided between not being a g7 but ag six plus one. u.s. impose new tariffs on steel and aluminum imports from some of its closest allies. the eu says it will take immediate steps to retaliate. can do impose tariffs on u.s. made motorcycles, whiskey, and orange juice. mexico will place to on everything from u.s. flat steel to cheese. mike parson will become missouri's 57 government today when eric greitens's resignation becomes official. he says he wants to assure people that everything is

i am an american and i go to abu dhabi and see whistler's mother, so the great american the painted this was in the louvre as part of their collection, and some people say the most expensive work of art ever purchased is in that museum. robert: yes, it will be in that museum soon. david: this was a da vinci purchased a few months ago for $450 million to $500 million. that should be a pretty good attraction? robert: it is a young country, young nation, and we did not have a museum of this magnitude in the uae, and this museum represents many things. yes, it is beautiful. yes, i think the art collection is remarkable, but there is a bigger story. we are trying to push out of the uae a message of tolerance. if you go to that museum, you will see there is one together gallery that for me is incredible, in which you see the world religions and one gallery. you see them next to each other. there is a torah next to a bible next to a koran from the same period, and multiple iterations where you see these next to each other. phenomenal. you can see that in a museum in germany, the u.k., or u.s.,

here i am, an american, and i go to upper darby -- abu dhabi and i see "whistler's mother."other." some people say the most expensive work of art ever purchased is in that museum. khaldoon: yes, it will be a museum soon. david: this was the da vinci purchased a few months ago for probably pondered $50 million, $500 million, so that should be a pretty good traction -- attraction. khaldoon: it is a young country. young museum. we did not have a museum of this magnitude in the uae, and i think this museum represents many things. yes, it's beautiful. yes, the state-of-the-art collection is remarkable. push out ofrying to the uae a message of tolerance. if you go to that museum, you will see there is a secure ration. there is one particular gallery that is, for me, incredible, in which you see the world religions really in one gallery. you see them next to each other. torah next to a bible next to a koran from the same period. to see the three books next each other. phenomenal. you can see that in a museum in germany or the u.k. or the united states, but for a museum in the uae t

faced sharp criticism at a heated meeting of g7 finance ministers in the canadian mountain resort of whistler socialist prime minister, pedro sanchez, has been called upon by the recently—appointed head of catalonia's regional government to take risks on the issue of catalan independence. mr sanchez is opposed to an independence referendum. thousands of gazans have turned out for the funeral of a palestinian nurse who was killed by israeli fire during protests on friday. 21—year—old razan al—najar was shot dead as she hurried to the side of a casualty at the borderfence. the israeli military says it will investigate her killing. those of the latest headlines on bbc news. —— those are the latest headlines on bbc news. now on bbc news, it's time for the witch hunts

speaking during talks in the canadian resort of whistler, the chancellor, philip hammond, said the movenadian counterpart said us claims that the duties protected its national security were "absurd". the us defence secretary, james mattis, has accused china of trying to intimidate and coerce its neighbours by deploying missiles in the south china sea. speaking to south—east asian defence ministers in singapore, general mattis said that whilst the trump administration wanted a constructive working relationship with china, the us would compete vigorously if necessary. the rail industry has pledged to get train services in the north of england back on track as quickly as possible following days of disruption. northern has announced it will be running an emergency timetable until the end ofjuly, with 165 services scrapped. peter marshall has been speaking to passengers in the lake district: the majority of services were cancelled yesterday. for passengers like this, trying to get back home to liverpool, it's frustrating. it's scandalous. you can see people there with prams, dogs. there's no

seven ministers were meeting and whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and aluminum. leading to.

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and aluminum. leading german lawmakers are condemning remarks by the co-chair of germany's far right a f.t. party saying the comments true.

down at the table what can you tell us where there's a pre summit meeting going on right now in whistler british columbia that's where these finance chiefs are and they're making it loud and clear that they are not happy with the united states of america now that's not something that you usually see at the jesus a g. seven summit the member nations going after another one but this time around they're saying not only is the united states basically destabilizing the global economy but it's also an affront to the alliance itself basically you know reducing its power making it look bad to the world so this is something that they're taking very seriously and obviously this comes right at the heels of the steel and aluminum tariffs that have been imposed on canada the e.u. and mexico so these countries are ready to fight back and that's what they're doing canada has announced its own tariffs against the us and so as a un mexico is talking about it too and you know what this is the bottom line here i mean this might be just a game to donald trump and it is the ministration but people are going

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and a loon.

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently imposed terror.

seven finance ministers meeting in whistler office looking punitive tariffs on its allies meanwhile china looms that all trade deals could be old if washington imposes more towers.

mike mckee is at the g7 conference in whistler, and british columbia with mr. euro himself., we are here with mario centeno, the president of the eurogroup ministers. it's been an adjusting year for you. have two last week you new governments, one in italy, one in spain. what can you tell us about what you know about the italian government? >> good morning. this is democracy at play. we have to continue working with all countries in europe to progress in our agenda. i am looking forward to meet the two new finance ministers. it is going to be a continuation of what we have been observing in europe, the agenda, and we have to proceed on the agenda. mike: do you think it will be a continuation, particularly with italy? the finance minister has written about the need for the country to leave the eurozone. mario: i don't know him personally but we know that italy is the founding father of the european union. the italian perspective on europe is very important. we are going to continue the discussion to make the eurozone .ore robust that is the crucial thing for us. mike: given t

this is one of the statements of his reporting of the mood at whistler.weekend." "180 degrees from the truth. i was frankly shocked." what were you shocked about? >> shocked at the level of vitriol and anger at the united states. i have been going to these meetings since 1995. the entire world was unite against the united states. normally we lead in this case. >> the money question is can the leaders get together with china to perform some kind of thrust against mr. trump's desires? >> there is reporting to the effect that china is looking to try to co-opt some of the anger against the united states, but you also heard a lot -- and i talked to the finance ministers -- the anger of china. they agree that china cheats and something needs to be done about it. they just disagree with the idea that the united states should go after the chinese by itself. they feel multilateral effort to pressure the chinese would be the most effective. >> michael, whether any talks about an accord? we heard about a plaza accord for currencies, but is there talk about getting t

last week with whistler and the finance ministers summit the other six countries expressed unanimous disappointment. that's the diplomatic equivalent of screaming bloody murder. i think president trump will hear similar kinds of expressions of concern and i'm pretty confident that we won't have much to respond to. you continue to say i'm imposing fees 25% tariffs on steel and 10% tariffs on aluminum products from these countries that are our allies against other countries that truly challenge us in those countries are understandably dismayed and angry and ready to retaliate against the united states. cheryl: i want to let our viewers know we are looking at secretary mike pompeo giving us an update on the summit and preparations for next week with north korea. if we hear anything out of this we will bring it to our viewers but i want to keep talking with you about the larger picture here and what we will be expecting tomorrow and saturday. with the eu we have had our partners with these tariffs in your reference that but what about the retaliatory efforts? that coordinate invoice if y

speaking during talks in the canadian resort of whistler, the chancellor, philip hammond, said the move" and his canadian counterpart said us claims that the duties protected its national security were "absurd". the rmt union has called for the transport secretary, chris grayling, to resign following days of delays and cancellations on trains in the south and north—west of england. the government are blaming network rail for leaving it too late to finalise new timetables. earlier on breakfast, robert nisbet from the rail delivery group told us that all the companies were now working on solutions. network rail, northern, gdr, they have let down passengers and now it's up to the industry to make things right and give certainty to customers, hence the interim timetables, which will see a number of services reduced but overall there will be more trains than before the recent timetable change. a man is due in court this morning charged with the murders of two well—known criminals in the north—west of england. paul massey, who was known by the nickname "mr big", was shot dead outside his home

this is what the g-7 finance minister said in whistler as they're preparing for the summit.er has requested that the united states secretary of treasury communicate their unanimous concern and disappointment. that might look like a trade statement but those last four words are really remarkable here. at the same time, the chinese are ticked off, furious about tariffs as well. after a weekend of negotiations with the commerce secretary which is that the minister says. if the tus launches trade sanction measures, then all the economic and trade benefits negotiated by both sides are not going to take effect. >> okay, and even bob corker, a prominent republican, who is headed out of office but who sits on foreign relations committee, he says no way on these, that he is putting forth or supporting legislation to try to counter the president. what could congress really do to tie the president's hands on this? >> that's the real question, is there something they can do or is this most ly just tou lly ge. corker said we should push back on the president. will democrats join this. so

>> the french finance minister called this summit which is going to be happening in whistlwhistl whistler, canada tomorrow, the g6 plus 1. >> it was fascinating in the g7 plus 1 year, when russia was the eighth member of the g8, everybody was suspicious of it and putin was off on the side. now they're out and we are the odd one out. and we've done this to ourselves. this is creating an opportunity for putin and also for xi jinping because they can show they are more reliable allies to europe and other countries than the u.s. is. the fact that the u.s. president has not yet met a mexican leader but is about to meet a north korean leader? it's -- >> it's wild. steve clemmons, and jeffrey lewi lewis. steve, jucmp off what nick was just saying. what do you make the way the president's truth or allies versus the way we treat our enemy? >> i think nick really hit the nail on the head. regrettable as it may be, what we see is the world very soberly realizing -- at least our allies soberly realizing that they need to be organizing in a way that constrains the united states. we've become the rogue

kansas city joins us live from minneapolis william black so finance ministers at this meeting in whistler vented their anger at donald trump's trade tariffs it's quite extraordinary that trump would lead the tire of sun canada for example one of its closest allies in the name of national security yes in more precisely this is an exception under our laws that says that our national security is jeopardized because of this trade with canada which is the most preposterous argue bed yet of a serious a preposterous argument and president trump seems to be holding his ground he says a trade war is easy to win is that just saber rattling or is he failing to understand the why of a geo political implications here. well first it's ignorance of economics. does not believe what he's being forced to say there's really one economist in the world peter navarro from the university of california irvine where i did my grad studies is the only person that believes that statement that it's easy to to win trade wars everybody else understands because we have long experience with this that everybody loses in a

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and aluminum. leading german lawmakers are condemning remarks by the co-chair of germany's far right party saying the comments trivialize nazi era atrocities alexander gallen told a party gathering on saturday quote hitler and the nazis are just a bird dropping in over a thousand years of successful german history. thousands of conservative opposition supporters have rallied in macedonia's capital skopje to demand new elections the opposition is condemning the left wing government's handling of the economy and negotiations with greece over the controversial issue of possibly changing macedonia as nane. thousands have gathered in gaza for the funeral of rahsaan jar a palestinian volunteer paramedic she was shot dead by an israeli soldier at a border protest on friday reportedly while evacuating a wounded man israel's military said it was investigating the incident. cli

seven ministers were meeting at whistler canada e.u. nations and canada have said they're preparing measures to retaliate for washington's recently impose tariffs on steel and aluminum. leading german lawmakers are condemning remarks by the co-chair of germany's far right a f.t. party saying the comments trivialize nazi era atrocities alexander gulen told a party gathering on saturday quote hitler and the nazis are just a bird dropping in over a thousand years of successful german history. jordan has seen its largest demonstration yet against austerity measures recently introduced by the government several thousand protested near the prime minister's office where some clashed with riot police the government has refused to scrap a reform bill backed by the international monetary fund. hundreds of students and other activists have marched across new york's brooklyn bridge to condemn gun violence the protest as part of a series of rallies urging tighter u.s. gun laws following recent gun massacres in schools in florida and texas. on friday