friendship with the president of russia and feel the need for reassurance. he gave what his staff wanted him to give them, a robust speech in the center of warsaw. very pro-polish, and he said russia needed to be confronted on destabilizing activity in ukraine and syria. by the end of the day, he had a press conference where he was not on script and seemed to get a different message. he was asked again, do you believe russia meddled in the election last year and what would you do about it? he said i think it was russia, it could have been some other countries, nobody knows for sure. again, casting doubt on it. and attacking president obama for not doing more about it even though president trump is not sure it happened. and then he mentioned the iraq war intelligence fiasco. these mixed messages are an interesting product of his first day. susan: it is the full spectrum of donald trump. you have the obsessive, micromanaging partisan figure. and then this bombastic speech. i want to ask you about this speech. donald trump seems to have embraced the full on clash of civilizations rhetoric in th

russia over that hacking of our elections. president trump is trying to water down the bill right now. i think this is a real problem for him. if he is seen as too soft on president putin, there will be a problem back home in washington because republicans, not just democrats are gearing up to send russia a tough message. so, that, and other issues, is going to be important for this meeting. jeff: the white house has said that the ukraine will not be discussed and there is no guarantee the cyber attack will be discussed. what will be? nick: when you look at meetings like this and this is the very first meeting of the two leaders will ever have had. the primary i think focus should be establishing some kind of effective communications between them so that in the future if there is a crisis or even on monday and issues they can , communicate effectively on behalf of their own two countries. but these summits are always graded by other countries. in this case, america's european allies. and they will be watching to see if the white house spokesperson sean spicer says that ukraine was raised

. this as president trump's ideas of teaming with russia for cybersecurity gets panned. some are upheld. that is what the new york governor says commuters are facing when the work is underway for repairs on penn station, the busiest train station and the united states of america. what to tell us about the trump administration's infrastructure plans. vonnie: let's get right to politics now. david: joining us with the very latest is bloomberg's chief washington correspondent. kevin, let me start with you. they have three whole weeks to get things done and they have to get health care through at least the senate with republicans. what are the chances? kevin: they have three weeks, but time is running out. now posed with the option of rather to not -- whether not to negotiate with heidi heitkamp or muster a deal with alexa ted cruz and mike lee c. some folks on capitol hill are suggesting that the majority leader is not potentially serious with working with democrats. he wants to put pressure on these republicans and say this is it. this is the moment. this is the opportunity in orde

. a fine young person. meeting with a woman from russia. came of the meeting. i think it is a meeting that most people in politics probably would have taken. juliette: mitch mcconnell has released his new health care bill. he will try to get support by describing earlier plans. acrossr confrontation the conference, meetings with the constituents, and intensive conversations with members. updated thece has draft with additional provisions to make it stronger. democrats uniformly opposing the effort, he needs 50 out of 52 to prevail. the draft brexit law has gotten serious backlash from scotland and wales. failing to give them sufficient to vote ineatening their parliaments. acknowledging for the first time that it will have to pay money to the eu on its departure. mario draghi will attend the first annual symposium in jackson hole. the euro area becomes less reliant on stimulants. it will take place between the 24th and 26. less than two weeks in for. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries this is bloomberg. matt? matt:

. the high concentration of victims are in russia and ukraine, including the russian state run rosneft. british media company wpp and danish shipping giant maersk have also been struck. the attack was similar way to last month's strike and use to similar virus and identical demands. >> one of the piece of connective tissue that links the wannacry virus earlier in may and this infection today, it's the main mechanism for spreading is a weak nsa exploit from the u.s. government. that exploit targets a piece of microsoft windows software that has been patched for many months. that is not the only mechanism, but that's the primary mechanism. and it is a reminder to companies that just because that earlier infection was stopped, actually thanks to some careless coding by the hackers, does not mean the future ones will be as easy to stop. and it looks like the attackers took some more care in preparing this set of malware. >> the virus advanced from russia and the ukraine. it kind of went out to europe and ended up in the u.s. it moved on into india with reports it is now moving on to china

russia's meddling in the campaign which putin denied. putin also complained about economic sanctions. thepresident also met with mexican president of the g-20 summit. trump still insist mexico pay for his proposed border wall. mexico said it would do no such thing. homeland secretary john kelly is in mexico where he watched troops destroyed poppy fields as part of the drug war. mitch mcconnell plans to produce a new replacement bill for the affordable care act in about a week but he is leaving open a potential plan b if the g.o.p. effort fall short. he says of common ground is not reached within the party, they could take private -- action on the private health insurance market. protesters and police clashing at the g-20 now. we wanted to bring you live pictures of that. the two groups have faced off since the summit started in germany yesterday. police say 196 officers have been injured during the two days of clashes with activists. global news 24 hours a day powered by more than 2700 journalists and analysts. i am alisa parenti and this is bloomberg. ♪ caroline: i am ca

at the g20. if you think of how misaligned u.s. and russia national interests are on anything, from north korea to syria to cyber to trade, you name it -- human rights, anywhere you want to go -- i never in my career as a political scientist have seen 2 major countries were the countries themselves are that much against each other. u.s.-roll up shut -- u.s.-russia relations are the worst at any point since -- when the two leaders are trying to say we really like each other. that is going to be on display tomorrow. could care less what the international community has to say about that. i think that creates more authenticity. a no establishmentn--- non-establishment outside the box kind of guy and he will do it his way. scarlet: the 2 personalities mesh quite well, what could be accomplished by the meeting? ian: a little bit. we are seeing from rex tillerson, the secretary of state already, talk of cooperation with no-fly zones over syria. russia will determine what happens to assad. to be fair, that was true under obama, too. just that obama never admitted it. the fact that trump is

sessions' decision to refuse himself from the russia investigation. ever since then, the president has been furious behind the scenes because he believes sessions recusal has left him personally and his administration vulnerable to attack from democrats, obama to -- vulnerable to the special counsel now being run by bob mueller. and it has created a suffocating cloud around the white house where the rest of the agenda seems to get stalled, and he traces a lot of this back to sessions who he thought could be his man at the justice department. charlie: some are saying it was the firing of james comey that led to the appointment of bob mueller. and if he had not listened to the people urging him to fire comey, he would not have had the special prosecutor put in place by the deputy attorney general. >> that is exactly right. there is a lot of swirling factors that have led the president to this point. it is not just sessions recusing himself. it is the decision by the president to have a private conversation with the former fbi director that then prompted the special counsel. it prompted all th

former director general of the nsa, keith alexander. we talked about the boldness of russia hackers in the u.s. election. >> it points out not just that it's we didn't but they were not prepared to defend. if you left a bag of money on a park bench, then you're surprised somebody stole it, you would say, secure your money. i think that gets us to secure your network. we should not be public with this. we have to make changes in cybersecurity. it's important to point out it can't he done by industry itself. it has to be industry government ownership -- partnership. actually, it think this is an area the trump administration has taken on. i think it's important government and industry work together for a defensive architecture that can block these things in the future. actually, whether blatant or not, we shouldn't be faced with them. we shouldn't have people losing intellectual property to low-profile hackers. emily: what is your impression of whether or not the trump administration is taking these threats seriously enough? >> on cybersecurity, i have met twice with the president. both

, and that's russia. will president macron bring up russia with president trump? >> it seems everywhere president trump goes, russia is right there, hovering over, whether it's the scandals plaguing his administration back in washington or his recent meeting with the russian president where he met for more than 2 hours with latimer putin and talked about a number of different issues. i believe this cloud is hanging over the trump administration and it means every meeting he goes into, or if he does a press conference, he will be asked about them. we will have a press conference with president trump later today i'm be are likely to expect reporters to ask the u.s. president about his relations with russia, about his son's relations with russia, now that we have these emails from donald trump jr. showing he was eager to meet with someone he believes to be a russian operative that has political dirt against hillary clinton. it is something that president trump will have to deal with given the fact that there are all these investigations and generalists and the public wants to kn

nominee said that if someone in a campaign got any mail about russia like the one you're son received, they should alert the fbi, rather than accept the meeting. is he wrong? were you misled by your team and not knowing about this meeting? thank you very much. you have heard president trump say that it may have been russia and others who interfered with the u.s. election. this president trump taking a hard enough line on russia as you see it? merci. pres. trump: i believe that we will have a great fbi director. i think he is doing really well. we are very proud of that choice. they have done a great service to the country by choosing him. he will make us all proud and i think we will see that. hopefully, someday soon. we are proud of him. as far as my son, he is a wonderful young man. he took a meeting with a russian lawyer. lawyer, but ant russian lawyer. it was a short meeting. it was a meeting that went very quickly, very fast, to other people in the room, one of them left almost immediately and the other one was not focused on the meeting. i think from a practical standpoint, most

week, opec will meet with russia. are they going to achieve more production cuts? >> we don't know if that will happen or not. we have to wait and see. what we are sure about the moment is that although the opec cut agreements and not opec cut agreements has for the six-month as a whole as it has been operating has been reasonably successful. but for the month of june, the latest data for which we got reliable numbers, it looks as if the compliance rates have slipped a little. we have to wait and see what they decide. opec is responsible for its own decisions and we are observing it just like everyone else. francine: it is extremely difficult to predict the price of oil. are we still range bound? >> at the iea, we don't formerly publicly forecast oil prices but we are able to say that based on our current outlook for supply and demand in the rest of 2017, we do expect stocks to start falling during the second half of the year. on that basis of falling stocks, you could expect the price to be supported and the price to perhaps rise but not by very much because every few dollars that

the closed-door meeting. >> i did not: with russia, nor do i know if anyone else in the campaign who did so. i had no improper contacts. i have not relied on russian businesses, and i have been fully transparent in providing all requested information. charlie: donald trump jr. and former campaign chairman paul manafort will also appear before the judiciary committee this week.joining me from washington, robert costa from the washington post and moderator of "washington week," on pbs, susan page of usa today, and hugh hewitt, of "the hugh and frank bruni of the new york times. tell me about the appearance today and what might have been this week with respect to the testimony. >> i think jared kushner did about as well as anyone could in a difficult situation, charlie. i read his entire 11 page letter over the air so that commuters could hear it. it was not denial. it was specific and details. it was explanatory. for those trying to give trump the benefit of the doubt, they would find it comforting.i found it interesting that he said he has never met sergei gore called for -- before. i

about russia in particular, the meddling in the election. when asked earlier he said, i think it was russia, but it was probably other people or countries. nobody knows for sure. we should note that top u.s. telogen's officials have testified before congress that there is no question that russia was responsible for the cyberattacks within the 2016 election. the senate has passed a sanctions bill nearly unanimously. they are under no direction from the white house. second of thend interaction between president trump and vladimir putin tomorrow will be carefully analyzed before the world media. president trump arriving at the atlantic hotel in hamburg where he is due to meet with merkel. on, he is due to go to the u.s. consulate general. ostensibly the g-20 will be about climate change and trade, but there is a lot of geopolitical wrangling going on. kevin said it is all about vladimir putin but a lot of this is going to be about how to handle middle east crises, terrorism and sanctions on russia. what are the rumors going around hamburg as to who will emerge with the most acorns? >> a

russia is now investigating a broad range of transactions involving the president's businesses and some of his associates. give us the details we know for certain. >> we know now that special counsel bob mueller is looking at a lot of transactions that involved not president trump, but developer brand name trump going back at least a decade or further. anything involving russian money going into trump apartments, certain developments like trump soho, the 2013 miss universe pageant in moscow and the sale of a luxury property in palm beach almost 10 years ago. >> the legal authority that bob -- that robert mueller has that was given him by rod roden rosenstein has is very broad. the language says words to the effect of matters around the russian campaign collusion question and any other matter. i think robert mueller has decided these other matters are part of his purview. robert mueller was fbi director for a long time. i would call him a prosecutor's prosecutor. he will go to where it have to take him even if it is unpleasant. i don't think he will hesitate to bring down the hammer

donald trump says that russia's president -- and russia's president just finished meeting and have -- in hamburg. the most highly anticipated sit down at the g-20. and news out of the two countries have reached an agreement for a cease-fire and southwest syria. elsewhere today, hiring picked up in june in the u.s., but wage growth disappointing again. a look at the data with kim wallace, the managing director at macro research. amazon may not be the only country -- only company that was interested in purchasing whole foods. the top stories, two hours and toy minutes later president trump and putin finishing their meeting at the g-20 in hamburg. u.s. officials saying that the u.s. and russia have reached an agreement for a cease-fire and southwest syria. those pictures you see where from before they went into their face-to-face meeting. friendly words exchanged. we will go straight to hamburg and the matt miller. what are you hearing? what i am hearing, or what i heard ahead of the meeting, was the two leaders had real admiration for each other. those were not as pleasant words. put

rates. donald trump, jr. and russia stay in the spotlight as pimco warns the controversy could dim u.s. economic outlook. david: welcome to bloomberg daybreak on this wednesday, july 12. i am david westin with alix steel. jonathan ferro is off today. alix: here are the markets. s&p futures relatively flat, although the high for the assion, sterling getting boost. it was lower earlier and then we got those job numbers out of the u.k. with the 10 year treasury pocket , that is supply later today as markets handle that as they move lower. crude is getting a big relief rally by over 1.5%. they lowered the estimate for production in the u.s. for next year but this feels like a call before potential more storms. david: time for our morning briefs. it is a big day for the federal reserve. at a: 30 this morning, 8:30 this annual monetary policy report delivered to the house financial services committee. she will appear in front of congress at 10:00 a.m. to deliver remarks and answer weston's. we will watch for indications on how fast they will raise rates or when they will start reducing the f

russia interfered in the u.s. election. turkish president brca 1 expressed backing off of qatar. he said at the g20 meeting that accusations aimed at qatar by neighbors was unfair. he also said that they were inappropriate. there are allegations against qatar, we believe those are unfair and sanctions are not right. just like all countries in the --ld, the serenity sovereignty of qatar must be respected. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. thank you so much. let's get more on our top story, the g20. joining us is john paul the cap. always lovely to see you. we are getting the headlines from the g20, but it seems like two numbers together. 19 versus one. this is the idea that on any number of trade policies or policies in general, it seems like there is quite a split between the u.s. and the rest of the g20 members. think that is can be the case for the next while. we are used to it era of american leadership in economic affairs and global trade. that is not the case under a trump presidency. th

is happening, it says russia has said it is not supporting -- they are opposing the production cuts. someone is wondering who said that, that goes against everything they have been talking about recently. having a drag on the oil sector overall. vonnie: so many dynamics at work in the market. thank you. let's get to the first word news. >> north korea's leader called the country's first launch of an intercontinental ballistic missile a fourth of july gift to america. the trump administration calls it a new escalation of the threat to the u.s. and the united nations security counsel meet today on the issue. u.s. and south korean troops held drills today, the leaders of both countries signed off on the exercise. president trump expects -- expressed frustration with china , he said trade between china and north korea grew 40% in the first quarter, so much for china working with us, but we have to give it a try. two more airlines says they have been exempted from a u.s. ban on laptops an airplane cabins. emirates and turkish airlines joined another in satisfying american security concer

response. russia blocked a security council condemnation of north korea's latest missile test despite china agreeing to the text. discussions are continuing to find wording that all 15 members can approve once and russia objected because the statement described the launch of an intercontinental ballistic missile, saying that requires more clarification. samsung electronics top estimates with his best ever quarterly operating profit as demand for semiconductors remain new flagshipe smartphone one over customers. operating income rose to $12 billion to the three months at the end of june, while revenue climbed to $52 billion. samsung is benefiting from higher prices and memory chips used in mobile's and computers. suing apple for patent infringement in a legal batter -- battle over technology used in the iphone. qualcomm once abandoned u.s. iphones that does not use its chips. --has previously caught off cut off payments to qualcomm. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: world leaders in hamb

investigations about russia. that is something that very well could bleed over into next week. that could become a dominant news cycle position. we will have to see whether that happens, whether or not donald testifies or whether it has to be compelled by subpoena. that is also on the table. our white house reporter in washington. market equities have had a tremendous twice 17. we will be to jeff macintyre from brandywine global investors on what is driving this push. from new york, this is number -- this is bloomberg. ♪ julia: "what'd you miss?" it has been a great year for em equities. the benchmark index has been up 20% this year. field?re risks in the for what is driving the allocation to em and the bond disconnect, and which countries are most attractive to investors -- we have the portfolio manager for brandywine global investors management -- great to have you on the show. >> great to be here. julia: before we answered today's question is, let's take a step back. this is a sweet spot for markets, but you're suggesting your allocation from credit to emerging markets, i guess

russians are a major player. >> before russia stepped in, each country went for their own interest separately and we were never operating as a team in syria on the same objective. charlie: who's failing was that? michael: i think it is just the way things laid out. a complicated issue and it is very difficult to get everybody on the same page. charlie: at the conference we attended, some people speaking out about that. where do you think syria -- you and i have talked about this -- yousef: the coalition has taken mosul. raqqa.ht is on in charlie: we are going to win that fight. michael: there are areas where bes has control, those will taken. the caliphate will come to an end and the coalition will have been successful, but a couple of important points. one is, that does not mean the defeat of isis. isis will return to its original roots, which is al qaeda in iraq. it will return to an insurgency. charlie: anywhere? an online base? michael: it will be in the shadows just like before in iraq. yousef: they will go underground. but remember when the united states left iraq, al qaeda a

, and china's pivot towards russia and europe. joining us now is the senior research fellow at the east asian institute in singapore. first, before we get to xi jinping and how he will do at the g-20, let's talk about the handover commemorations in hong kong. how do you think he did, and what do you make of his comments to people in hong kong? xi's visit this year, the 20th anniversary of the handover, showcases his power consolidation first. second, also consolidate beijing's control over hong kong. if we look at the past 20 years, beijing's relationship with hong kong has not been so smooth. there are a lot of problems at the moment. for example, the pro-independence and pro-democracy sentiment in hong kong, and also the inflow of huge amounts of money from the mainland to push up the property prices there, so all these have china's problems facing one country, two systems. >> we know that. my question is heady think he performed? ok fromnk he performed the domestic political perspective because the domestic audience wants a very strong and also tough leader facing the hong kong local

successful in that sense. two examples. we had a big spat with russia. there was a big backlash from the russian side, but turkey has been cool and avoided a big fallout. track., we are back on remember, big fallout with russia -- israel, a big crisis with israel. what happened with that? we avoided a big fallout for investment and trade. to these applies countries. we have strong ties with all of these countries. yes, we think qatar should be treated anymore fair fashion. fallouton't want any when it comes to trade investments, and i'm sure we can manage that. >> are you concerned that your relationship with qatar will one day have implications on you and turkey? >> i doubt it because first of alone iney is not thinking that qatar should be treated more fairly. grounds, there is no no justification why turkey mean, be treated -- i turkey is a respectable trader. we want peace, stability and prosperity in our region. far, doing the biggest combat against isis. in fact, turkey -- if you put aside proxy warriors, turkey is the only country which is on the .round effectively combating we pu

do we know about the potential ties to russia because there has been dialogue about this and bloomberg businessweek, you have added to that conversation with investigative reporting of your own? what have you found? jordan: if you operate a company, regardless of what country you are in, you have to comply with the local laws. if the government demands data, you have to comply with that. that is the nature of business and legal requirements. what we discovered is for many years, we found emails from 2009. a sourceiven them bhy indicating as far back as 2009, kaspersky was developing software in secret for the fsb, the russian government's main intelligence service. on its own, that is nothing very unusual. cybersecurity companies in the u.s. do hundreds of millions of dollars in business with the u.s. intelligence agency. u.s. companies do not go out of their way to deny they work with the u.s. government. eugene kaspersky and kaspersky labs has done exactly that. our story is showing that not only are they tied to the russian government deeper than eugene kaspersky has ever

transition period. >> i did not collude with russia, nor do i know of anyone else in the campaign who did so. . had no improper contacts i have not relied on russian -- forre my businesses my businesses. i've been fully transparent in providing all requested information. rose and the promised new export cuts. -- will be limited to 6.6 million barrels a day. it is not acting alone. other participants -- it will take time to push prices higher. >> we are ready to review this. -- keyck question that question that should be asked is should this happen now or at a later date when we have more details on how the market is performing? at this point, we have discussed and decided to recommend that all the ministers keep this option on the table. bank made $350 billion on its balance sheet. the so-called project trending went -- will go live in september of next year. that amount is equivalent to almost 20% of their balance sheet. -- it takesp has concern about its structure and financing. , one based in new york and the other -- 45%, the restt held by an ally holding company. global news 24 hours a

multiple topics but there are other interviews where they are just talking about russia all the time. where that is the force from what is actually happening, where this week we are passing human trafficking bills, or the senate is trying to legislate the next at on health care. a tax reform package hopefully gets finalized by the end of the year and we see our economy ripping in 2018 like we have in a long time. i can't just take a step back from being supportive of not just a president, but also this important mission of a dressing all of these issues, because time goes by fast and a lot of people are relying for us to get these things done this year. i have to say upfront and continue talking about these other issues no matter what other distractions might pop up. julia: thank you so much, joining us from capitol hill. we will have live coverage of janet yellen's second day of testimony tomorrow starting at 10:00 a.m. eastern. this is bloomberg. ♪ ♪ mitch mcconnell promising to release any gop health care bill tomorrow. went to idaho. he's been critical of the republican plan

election campaign amid concern about russia directed misinformation. pointed tok warner the way false stories about hillary clinton were circulated. the president launched a fresh attack on the media as a new poll showed falling approval ratings. the ecb is on track to unwind its stimulus program next year. economists say it will drag the process out. a survey shows most think policymakers will hold fire this week and wait until september before slowing the pace of bond buying. the unwinding is seen starting in january and taking nine months, up from the previous seven months forecast. philip hammond says it is clear that british businesses are holding back on investment because of brexit. he told the bbc that most companies want more clarity about the trading relationship with europe. today, david davis called for progress on the issue of eu citizen rights in britain and those of britons living on the continent. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am paul allen. haidi: thanks for that. ma

that number. t is probably headed downwards or the rest of the year. >> russia wanted to aid the rump campaign. it is official. donald trump jr. was told in an email that he would receive damaging information about hillary clinton at a meeting with the kremlin connected awyer from russia. the e-mail says the russian government was trying to help his father's election bid. is it obvious in the crime has been committed here? >> not yet. i am sure everybody, including us in the news bureau are trying to figure out what the legal definition of collusion s. there are election law issues. you're not allowed to take anything of value from a foreign government. regardless, it is not good for mr. trump's son. >> they wanted to get this information out as quickly as possible, all in one swipe so to speak. they feel they did not do anything legally wrong. the attorney statement suggests as much. this is bad. politics really could cloud any progress on policy issues republicans want to move forward ahead on like health care. >> mitch mcconnell has announced that the senate will delay the sta

interfering in the u.s. election. carol: it would make it harder for u.s. companies to do business in russia. here is matthew philip. matthew: the rare bipartisan bill we have seen these days. it basically calls to tighten up existing sanctions on iran, and more portly on russia. it's an attempt by congress to basically keep the president from being able to ease sanctions on the russian government, either from their meddling in the election or from their incursion into crimea. this is a regime put in place in 2014 by the obama administration to crack down on russia after their invasion of ukraine. they are trying to tighten those sanctions, but it has run into problems in the house. oliver: matt, the sanctions and the motivation behind them. sanctions in reaction to the kremlin and russia's actions in crimea or the u.s. election. the idea of keeping the sanctions to prevent the donald trump administration from easing those. what kind of language out there about what could potentially happen to sanctions? that the white house discuss lessening those? matt: congress wanted to send a message to

big headline that russia wanted to help the trump campaign. donald trump junior learned this through any mail. headline came out around 11:10 a.m., the dow jones losing 160 .oints in 20 minutes it then gaining back. investors panicked, then cooler minds prevailed and we have the .ow higher nonetheless climbing higher. wheret's take a look at the effect is a little bit more lasting. this was an intraday chart of the bloomberg dollar index and the 10 year yield. been higher until that 11:00 headline and now lower. bond investors now dragging the dollar down. the dollar is not the only effect from yields falling. although to be fair, the banks have been lower into the headline. of the worst sectors for the s&p 500 today. lower, we had this sector in a big rally mode. it is a wait-and-see mode to see what the trading revenue looks like. bringing numbers lower. down.vision maybe it will be a little bit better. thaterminal suggests donald trump junior email revelation today has had an effect on the trump trade. #btv 2742. we have the s&p 500 rising. that is the risk rally with stocks. we a

or was said in the email that was coming from the russian government, the crown prosecutor of russia, that information was there. we know that when jared kushner was also involved in email, he also -- there are people in a wider circle that that was aware that that was what we were seeing discussed. was there an emphasis quid pro quo? that we don't know. what's important to focus on here is it kind of leaves more explanation and more of what i'm sure we can talk about is investigation in terms of what the president knew. he was so firm and so forceful and wanting james comey to drop this probe. kid now emerges that his son and his son-in-law were enmeshed, really involved in the exchanges about whether or not this information was of value about hillary clinton. that is very important and may go behind to see some of the president's reasoning, some of the president's forcefulness about why he wanted this to be dropped so extensively. that is crucial. basically, iaying, was not even on the ticket at this point. this is a vice president who has spent months saying there was no collusion

cease-fire in southern syria brokered by the united states, russia, and jordan. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. vonnie: mark barton, thank you. coming up, it is prime time. they claim they're getting ready to support the annual day of deals. we're live from seattle next. this is bloomberg. ♪ vonnie: business "bloomberg markets." -- this is "bloomberg markets." i am vonnie quinn. amazon is gearing up for its third annual prime dan tomorrow. that is when sales go on for prime members. fleet has its own of planes to help. cory johnson is live in seattle. wise amazon releasing its own fleet? cory: this is one of the 24 planes that amazon has in its fleet. this one will be operational later today because they have a lot of stuff to do. amazon prime day was their biggest day of the last day. it really highlights the logistics operations that amazon has. also massive, but it's changing in scale. they have a hope of fulfillment we all feel so fulfilled in our hearts. they are m

the strategy for dealing with the russia probe in the midst of all that. i think they need to create a clear separation between the president and the governing part of the white house. and the russian investigation part of management control and move down both those tracks simultaneously. that is where we will be for a while and that has not been very effective. we will have to figure how to separate scandal management from governance and put some things on the board. charlie: do either of you know, speaking of the russian probe, an answer to why the president is so resistant to this probe, other than there is something that is damaging to him, whatever it is? jerry: at a minimum, there is a trump style that says basically, you give no quarter when you are under attack or under siege. you give no ground. is that because there is something working in the shadows? or because he's afraid that not fighting everybody every step of the way is a symbol of weakness? i don't think we know which of those it is. david: it is either something is bad there or trump knows no style, other than the

arabia has put a lot in russia. people in russia say they would be reluctant to cut more. iran would be another. it's hard to see this going deeper, employed shock and all. mark: what about libya and nigeria? could you put controls on them? will: they have pulled up production fast. the last few months, that's as much as saudi arabia has cut worried that has taken the edge off the opec policy. itt has been talked about, won't take any barrels out of the market. it would put them into the deal. it wouldn't trade any shock and off. limitedms like a policy. vonnie: it seems like they are expressing this may not be the right and to do. the market is being a little bit sulky. it once more and it gets something else. , not and on tactics necessarily pricing that long. will: i think the point they would make is compared with previous cycles, what opec has done has been quite mild. if you look at how saudi arabia has behaved in the past, they expect them to do more. there are political issues. if they did take more barrels out of the market, it would go toward ending this supply. the problem we

in russia. she was referred to as a russian government attorney and the emails laid out that this was on behalf of the russian government efforts to assist donald trump. ocks the legs out from underneath of the stool where they propped up the argument where they say they never met with anyone from the russian government or affiliated with that government or acting on behalf of the government. witchhunte cries of and all of the talk of russia trying to assist the president's andaign was a witchhunt there was nothing there, just a cockamamie scheme, this shows that they actually knew that the russian government was interested in trying to help the trump campaign. host: the president says that he has nothing to do with this. >> that is right. he praised the transparency of his child and said that he ,efers people to his counsel his criminal defense that he has hired. that donaldsaid trump was not aware of this, even though it took place just one floor below his office and that paul manafort and jared kushner, a senior advisor at the white house, was involved. he may not have been dir

and russia say they are getting on famously and the u.s. is warned about new negativity. fits,d: if the face use facial recognition to unlock the new iphone. happened, it left a , a mood oflanned about a billion dollars traded, china corporate bonds and government corporate bonds. what has been happening in the last few years when it comes to the bond market, it seems to have been grinding to a halt in terms of that growth. this will hopefully get this a buit of a fill up. we may see that spread between china tenure government debt and 10 year treasuries, perhaps that narrowing. is this something to watch out for? haidi: the key is really patience here. give it a couple of months over the next year or so to heat up because --ht we are about 30 minutes away from the open of china and hong kong. sentiment is starting to pick up globally. that is giving some food for thought. >> that very strong number coming through from the u.s. manufacturing sector, giving a good boost to wall street. in asia, you had the dow jones again an intraday trade. australia's market leading again, it was th

revolution. reporter: they accuse the u.s. of humiliating russia are expanding nato to russian borders and supporting revolutions in former soviet states and satellites. he advocates by fighting back against the west with asymmetric war. you talk about introducing geopolitical disorder. actively supporting dissident movements. extremism, racism this seems , much more. >> exactly. we are supporting any kind of national, including russian. you are doing the same thing against us. >> nick schifrin joins me now. i am pleased to welcome him to the program. the first part of the program is how russians see vladimir putin versus how americans see vladimir putin. >> i think this goes to white russians, when the u.s. tax russia, russians see it as an attack on their identity. over the last 15 years, putin has brought relative stability to russia. anybody old enough to remember the 1990's will remember the economic and political chaos. that is the first step. the second step is re-creating russian traditions like the orthodox church, pre-soviet traditions, into a level of pride in shared religio

says he will speak with the house intelligence committee later this month as part of the russia investigation. he said in a statement today that he is unaware of any russian involvement in the data and digital operations of the campaign. he said he's voluntarily appearing before the panel and looks forward to sharing with them everything i know. a federal judge has weakened the president's temporary travel ban. the judges expanding the list of family relationships such as grandparents with u.s. citizens. visa applicants can use to get to the united states. the supreme court hears the case in october. qatar's foreign ministry says it would be unfair to describe secretary of state rec ellison after finding a solution to the persian gulf as a failure. but it cannot be solved in a day. speaking with the turkish they also said qatar would continue to work with the u.s. to end the standoff with arab neighbors. jimmy carter after the hospital -- out of the hospital after treated for dehydration in canada. for 90 minutes, he appeared to wobble and was taken to the hospital as a precauti

. meanwhile, the russia investigations continue. headlines suggesting paul manafort, the former campaign manager to donald trump has been since -- subpoenaed by the senate judiciary committee. oned kushner arriving capitol hill for day two of meetings with senate intelligence committee officials in the house of representatives. vonnie: a fascinating day on capitol hill and it will be a fascinating week. thank you to kevin cirilli. joining us to discuss how he is navigating the twists and turns .s brian belski welcome. brian: good morning, bloomberg. micro: you are a more fundamental guy and think we should not be too focused on washington but how can you not be whenever a client is asking you what is going on? brian: we were in europe four weeks ago this week and the number one question, if you have an hour-long meeting with an institutional client you are probably spending 45 minutes talking about policy and things that you actually do not have a lot of quantitative or analytical substance to because it really is about conjecture at this point, went and if. -- when and if. we b

with the probe on the russia investigation under special counsel bob mueller, his frustrations he aired this week with jeff sessions, the attorney general. yes, he did have all the republican senators into the white house after the built in the senate collapsed earlier this week. and he indicated he want something done. but getting to that goal line has proven so difficult, and the president has not necessarily played a constructive role in getting it to a success. he will say those kinds of things, but there has been little follow-through. i think we have to be skeptical there will be presidential follow-through. i think the senate will try to do what they can do. senator mcconnell, the majority leader, kind of reached the end of his limits earlier this week. while there will be a vote next week or effort to have a vote to put a bill on the floor, it is not clear they will even be able to succeed getting the bill on the floor. jeff: as you have noted, there has been a little bit of a change in strategy for the president. he was very involved with the house and house members and c