i don't believe this administration will be defined by russia. i think mr. mueller there's no evidence of collusion induced, but there may be wrongdoing by individuals. the administration will be defined by what it does or fails to do. right now, the ice is thin. when it breaks, it will be dramatic, unless they deliver. you get the fall and the first quarter of 2018, but after that, nothing happens. you don't want to go into the midterms with your party staying at home angry and the other party marching in the streets. that's a recipe for a wave. charlie: so trump will be defined between now and right before the midterm election? >> absence and extraordinary crisis abroad, yes. >> he's right. we spend a lot of time talking about the russian investigation. that dominates headlines. but i think when voters go to vote in 2018, i agree 100%. i think what will happen will be more reflective of whether they see anything in washington true to his promises. as an american, i'm really concerned, because he tapped into a great deal of anger in this country. legitimate

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 directly involved, but there are lots of questions as to whether any of the three ever mentioned that they met with this woman. if that is the extent of it, fine. if there is evidence that he was encouraging it or was contacted are going into serious and new territory. host: what have we learned about her and what she is doing? questionss a lot of about the information she had and what she was doing there

president 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

they are passed russia. when this news broke a short time ago, you saw the reaction in the markets immediately. >> it is something we talk about all the time. not pricing this in. markets will get nervous about, we can talk about information, whether it's collusion, whether or not the information was exchanged. the issue here is the carelessness involved in putting these kinds of exchanges in email, the recklessness involved, the real growing alarm about what actually this administration is about and what kind of information. that will make the market nervous going forward. kevin cirilli mentioned tax reform. good luck. david: is it just be what were they thinking aspect of this. what were they thinking? bloomberg's megan murphy, thank you all very much for being here. let's get a check on where markets stand right now. bloomberg's julie hyman is here with the latest. julie: i want to talk about the market reaction we have seen. it was immediately the emails came out but the market has bounced act, at least

. >> 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 also fo

if he would have known that then sessions would have recused himself from russia. all of this still suggesting the president will not be silent from russian medaling. this comes as jared kushner set to meet on monday with members of the senate committees investigating into all of this. the stage has been set for trump jr. and paul manafort. ton capitol hill next week. i would just note when we're talking about the exclusive news that are colleagues broke earlier today, we have to remember that bank also at the center of this. guardian reported earlier last morning, this investigators have been in with folks at deutsche bank about the potentially finances with president trump. the question now becomes for president trump fires special mueller. he didn't answer that question when he was asked in that "new york times" article. republicans on capitol hill beginning to pick up the donald murll talk to ran about this score we got a few minutes ago. unfoldhed that meeting yesterday. ror she's talked about healthcare extensively. we had cbo score in. no surprise 22 million

here is how the russia headlines played out yesterday. stocks dipped and trading value spiked and then it recovered after michael barnier was speaking. it wasn't enough for dan isaacson to raise the flag on his economic outlook. we are becoming more cautious about the possibility of meaningful legislation. these distractions are going to make it difficult to gain consensus. joining us now, neil dwane, global strategist, and josh feynman, deutsche asset chief economist. good to be here. a dimmerarting to see outlook because of this? >> i was always skeptical about the grandiose expectations being bandied about, particularly after the election. having said that, i don't think we should throw in the towel completely. i think there is still a better than even chance we get something back by the end of the year but it is not going to be revolutionary all that much. alix: i'm trying to get a handle on what are the headlines that market participants care about? >> to pick up on where we started, we have felt that the headline about the global sy

one of the starkest illustrations's attitudes toward russia. the hostile to russia party, vladimir putin was a big bogeyman. donald trump gets elected and take republican voters have a much more favorable view of vladimir putin and people heading in the opposite direction. both sides do this, i am sorry but that is ever long answer to your question. i was much more struck by the latitude he has and clearly he made the joke about being able to shoot somebody in the street and people would give him, i don't think that is the case. within the realm of normal politics, i think you could get away with very much anything. alison: he is their guy. >> that is a more powerful thing. imagine you're a coal miner in west virginia. lots of democrats did not understand why people in coal mining towns in west virginia voted for a billionaire who showed up and said you guys will have your jobs back. democrats look at that and say the president can't do that, he doesn't get to command the world price of coal. coal comes from wyoming these days. they have a ton

is a new twist in a month-long investigation into possible collusion between the trump campaign and russia. said these aoregon mill show there is no longer a question of whether this campaign sockesought to collude with a foreign power. joining me from washington is shannon, a correspondent for bloomberg news and ed o'keefe. he is a congressional reporter for "the washington post," and a contributor to cbs news. welcome to both of you. donald trump junior said he released these emails so he could be totally transparent, but it was only because the emails were about to be released by a newspaper. >> that is right. the "new york times" got these and he rushed them out. we appreciate the transparency in putting it out there, but it demonstrates the clearest links yet between officials in the russian government trying to talk to the trump campaign about potentially damaging information about hillary clinton. in the words of mark warner, all of the denials over the past year or so from trump and his sons, that there was no attempt to talk to rush about any of this are now cast aside by the proo

are focused on russia related money. vonnie: what might special for?el mueller be looking what will be a red flag in any of these transactions? >> well, there could be individual red flags that they look for in terms of in it's a politically connected person, trump property. or evaluation. that would be an interesting thing. it will be worth finding out. the sale of the palm attractedion attention. he paid $95 million for it. it could be that he really wanted this mansion. that's something that has attracted their attention. a good indication of what they're interested in. waiting an cbo score of the senate health bill. the clock for any kind of major legislative action of presidentyear trump's office. -- does thislearly further cost the white house and president win it comes to trying to get some kind of legislation enacted? >> i don't know. everyone on capitol hill is aware who bob mueller is and his professionalism. i guess the fact that he's will causethese certain elected officials to start doing their calculations want to be to the president or n

he was told russia wanted to help the trump campaign. right around the time of that headline, we see the stock nosedive. look at the dow transport. this is an even more extreme reaction. this is down .9%. we do see a little bit of the deposition -- investors are trying to reassess. we see a -- reaction for ipos. this is down 6% did this is down below the ipo price. it is being downgraded to empty weight. there is no concern about product growth. blue apron is down sharply, well below its $10 ipo price. there is a two dollar price target. this is a bearish reaction. look at what happened with other high-profile ipos in the past. have in white, we facebook. 54% after the ipo. we also had the shares of twitter here down 10%. square took a dip. that we have snapped down on the ipo price is in line with what we have seen with some of these other high-profile ipos. when will a recovery come? twitter is the old one that has not reclaimed its ipo price. amrita: another tight version. vonnie: i want to get some perspective for investors. revelati

in particular, on russia. i think if you put a gun to the head of a trump white house official, they cannot tell you right now what our policy is toward russia. what do you think about that, karen? you have thought about trying to write about trump and foreign policy. do you think he has one yet? karen: i think there are pieces of policy, but i am not sure they come together in terms of a strategy. i think they would like to get rid of some of what they call the sort of minor issues, the housekeeping issues, in terms of -- we took over their compound under the obama administration in this country, they won't let us build a new consulate in st. petersburg. russian security under obama was harassing u.s. diplomats -- they would like to get rid of all that stuff, so you have had lower level talks that have dealt with those issues. susan: that is not really policy. karen: but they feel like they need russia. i think they still believe, as trump said during the campaign, that it does not make sense to have bad rela

and it's also the case that depending on how you define things outside the scope of russia and again there's some question about the things that trump says, well, if he starts finances, that's outside of -- i think he defines the russia thing is what calendar year16, 2016. it's clear right now. charlie: between my election russia's.nd john: when he says is nothing council, --pendent muller,ial counsel, bob obviously thinks trump has a intertwinement with russia and he thinks that ofrelevant as to the issue collusion. someone rescued him and gave him funds. mark: no one in america wants a counsel appointed to investigate this. similarly butelt this special counsel has things about him that are distinctive. one, he's extremely competent. number two, he is beyond ofroach in the view republicans and democrats alike, and number three, he has hired is moving fast. sometimes moving fast is a good thing for someone because they don't want a long investigation this guy moving fast i don't think is in the president's interests because he's in the presidency ands the whole thing, right now, to

aimed it at russia's in these. -- russia's enemies. that means trying to destabilize the west through propaganda campaigns. the propaganda campaigns went far into the united states. president trump certainly echoes some of those propaganda points. >> information has been weaponized. cyber warfare has been weaponized. >> it is one and the same. the russians do not see it differently. early last year, there was a fake story about the so-called rape of a german-russian girl. it was fake. the russian media knew that it was fake. the russian foreign minister knew it was fake but used it as a tool against german chancellor angela merkel. you have a real notion all of this combined, whether diplomacy, information, you can use all of the tools at your disposal to try to weaken your enemy. >> there is economic suffering in russia. i wonder how the putin administration fends off any negative discussion of that. >> this is where you see a generational divide. this is what we are seeing in the last few months. a lot of people say the 90's were wor

ambassador to russia. mark: coming up on bloomberg markets, see how the jobs report is revealing mixed signals. bill gross gives us his take on the june data and what it means. this is bloomberg. ♪ ♪ live from new york i'm vonnie quinn. mark: live from london, i am mark barton. time for the business flash, looking at some of the biggest business stories in the news are now. prosecutors have arrested a former manager in connection with an emissions scandal. according to people familiar with the matter, the arrest came a few days before he was charged by the justice department this week. posting -- giving credit to semi conductors and the popularity of the new galaxy smartphone, samsung's income and revenue beat estimates. and coming to the rescue, sony pictures and predictions that spider-man homecoming will taken $100 million this weekend in the u.s. they need the help, the studio in seventh place this year. it has not done that poorly since 2000. ♪ mark: that is the latest bloomberg business flash.

also drawing a fine line with russia, saying russia probably meddled in the 2016 election. that will be nothing to ease concern of his critics who have pressed him on that. now all eyes are going to be on this attentional meeting with vladimir putin. this will be the first time two world leaders meet since president trump has become president of united states. it comes as the investigation into his administration's connections the rush are very much continuing. the administration tried to put this behind them, but there is no question every second of any interaction he has a vladimir putin will be highly analyzed. the backdrop to all of this is the rising north korea nuclear threat. and clearly while the administration wants to talk trade and bilateral trade agreements with people like cantaloupe angela merkel of germany, north korea definitely on the minds of all the people at the 20. -- g-20. alix: joining us now is the eurasia group rector of global research. great to see you back again. what did you make a president trump's comments concerning russia for urging them to

what do we know about the potential ties to russia because there has been dialogue about 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. data, government demands 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. they indicated 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. kaspersky has done exactly that. our story is showing that not only are they tied to the russian government deeper than eugene kaspersky has ever acknowledged, but also there are some unusual courses of what that relation

russia has told the u.s. to reduce the number of embassy staff across the country by 755 people by september 1, following the new sanctions agreed by congress. that would be more than half of the arsenal and would lower the total to 455, the same number russia has a u.s.. wouldent putin said he refrain from further measures but his administration warned it would act if necessary. >> this retaliation is long overdue. if the u.s. side the sites to move further toward further deterioration, we will respond in kind. we will mirror this, we will retaliate. >> japan's factory -- factory output rebounded in june. industrial reduction increased 1.6% in may. measured year on year, production was up almost 5%. level demand and a weak yen has helped exporters. some unity in -- over brexit did not last. consensus was forming around a three-year transition phase during which littlewood change in the -- little would change in the uk's relationship to the eu. beenfox said he is involved in no such discussions. global news 2

russia has told the u.s. to reduce the number of embassy and consular staff across the country by 755 people by september 1 following the sanctions agreed to by congress. that would be more than half of the personnel and would lower the total to 455, the same number russia has in the u.s. president putin will refrain from further measures, but his administration said they will act if necessary. following the fake account scandal, wells fargo has cut 70 senior decade of positions. the number of regional spending will fall to 91 with many remaining on staff until further undecided. september, over accounts opened without customers' permission. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. amin, this is bloomberg. isty: the u.s. economy veering back on track as gdp rebounded, not enough for the growth target but sufficient for the fed's move forward with policy tightening plans. kathleen hays with a look at this. what could be here? -- we hear? kathlee

russia relationship. that overarching meeting just concluded, saying that the talks were very concrete and driven by u.s. and russian interests. have more in just a moment on bloomberg television. the russians might be behind cyberattacks and a dozen or more power plants. she joins us on the phone. a brookings institution senior fellow in foreign policy and beyond nato. let me start with you and ask you what we've learned over the last few hours, what the hackers have been able to do. >> we have heard from the department of homeland security and the fbi that they were aware of potential intrusions in the energy sector. learnedmberg news has is that hackers breached a dozen u.s. power plants including a nuclear facility in kansas. officials are warning that hackers are trying to disrupt the power supply. they're working to get the hackers off of these networks. >> he wrote that cybersecurity is at the forefront of policy discussion and planning. in many ways, the cyber threat has leveled the playing field.

charlie: between my election campaign and russia's. john: when he says is nothing but the independent counsel, the special counsel, bob mueller, obviously thinks trump has a long history of intertwinement with russia and he thinks that is relevant as to the issue of collusion. charlie: that someone rescued him and gave him funds. mark: no one in america wants a special counsel appointed to investigate this. bill clinton felt similarly but this special counsel has things about him that are distinctive. number one, he's extremely competent. number two, he is beyond reproach in the view of republicans and democrats alike, and number three, he has hired quickly and is moving fast. sometimes moving fast is a good thing for someone because they don't want a long investigation but this guy moving fast i don't think is in the president's interests because he's in the beginning of his presidency and the whole thing, right now, to some extent has overtaken anything else and could quickly bring it down. john: and before he is a man behaving as of

what did we hear about russia from donald trump this morning? >> the president would off point blank on his thoughts on whether or not russia meddled in the 2016 election. take a listen to what he had to say. somebody mistakes have been made. i agree -- pres. trump:. mistakes have been made. i believe it was russia, but i believe it was also other people and or countries, and there is nothing wrong with that. nobody really knows. nobody really knows for sure. >> that on the eve of president trump's first official meeting with vladimir putin. let's pull up what former homeland security -- secretary jeh johnson testified before congress two weeks ago. he said in 2016, the russian government, at the direction of vladimir putin himself, orchestrated cyber attacks on our nation for the purpose of influencing our election, plain and simple. contrast between intelligence officials as well as the president of the united states. david: martin, let me ask you about the speech the president gave this morning in warsaw. invoked chopin and other polish figur

when he returns to washington, he will find russia is still dominating the news. on thursday, senate republicans released the newest version of the bill to repeal and replace the affordable care act. joining me now, megan murphy, the editor of "bloomberg businessweek." and from washington, mike allen, the cofounder of axios. and yoni appelbaum, the senior editor for politics at "the atlantic." it has been a heck of a week. i heard the president before he left for france was frustrated and lashing out over the fact the russia story will not go away. i have heard it suggested by some he saw this story involving his son as perhaps the worst development and worst day of his presidency. we have new developments. more new developments today. we have heard the president has hired a new criminal attorney, ty cobb. megan: they have been looking for someone to come in for some time now to be the enforcer on this probe, figure out how they will react in terms of rapid response, as well as making sure people adhere to a similar storyline going forward. you are right in the se

companies to do business in russia. here is editor matthew philip. >> this is a bill that passed the senate in june 98-2, the rare bipartisan bill we have seen these days. it basically calls to tighten up existing sanctions regimes on iran but most importantly on russia. also 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 that was 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 some problems in the house. on the sanctions and sort of the motivation behind them, sanctions in reaction to the kremlin and russia's actions whether it is in crimea, or involvement in the u.s. elections, i wonder with the idea of keeping the sanctions to prevent the donald trump administration from easing those, what kind of language out there about what co

who is going to be there and defend you against a potential threat from a country like russia. alison: correspondent shannon pettypiece reporting from washington for bloomberg news, thank you so much. shannon: thank you. ♪ ♪ alison: donald trump's victory in the 2016 election took some of the nation by surprise. his support has remained largely unwavering despite the issues that have so far plagued his administration. a new special report in "the economist" examines what led to the president's rise and why politics may be forever changed. our guest is the u.s. editor and also the report's lead author and spent several weeks in states across the country to better understand the mentality of the president's steadfast backing. i am pleased to welcome him to the program. hi, john. what prompted this? >> i was interested in looking at the trump phenomenon from the ground up. it really feels like in 20, 30, 40 years time, people will be saying about the trump presidency, how did that happen? there is one way to answer that which is to look at the campaign, the tweets, what is hap

other than that, i have nothing to do with russia. jonathan: in 2008, donald trump, jr., told the real estate conference russians make up a disproportionate cross-section of a lot of our assets and he added we see a lot of money pouring in from russia. as craig unger reports in this month's edition of "the new republic," the money has been pouring in for the better part of three decades. as some of that money has come from questionable stories. i'm pleased to welcome him to the program. details, heavily researched story about trump's ties, business ties to russia, about the role russian money has played throughout his business career. >> absolutely. i think we see these blockbusters dropping almost every day now in the press. what i was trying to do is say they do not come out of the blue. this is part of the story that goes back to i found in 1984 when for the first time a guy named david met with donald trump. this was a fellow with ties to the russian mob. he goes in and buys five condos. the state attorney general later said that

matt: congress wanted to send a message to russia. once the intelligence community can't with a report last december that said clearly they meddled in our elections, this is congress trying to take a hawkish approach to russia. also knowing perhaps the white house feels differently. they were trying to constrain president donald trump's ability to in the future negotiate one-on-one, bilaterally with the russians and offer something on the table for them in return for who knows what. this passed on a bipartisan basis in the senate. it has run into a lot of problems in the house because energy companies and other manufacturing companies in the u.s. caught up to this kind of late. they realized the way it is written, the way a few provisions in the bill are written, this could basically ring them out of a lot of lucrative foreign oil and gas deals. not just in russia, but all over the world. carol: we are talking tens of billions of dollars? $100 billion over the next decade or so that he was companies, oil and gas companies could miss o

i think what he's saying, anything beyond transactions with russia. based on what he was reported to have said yesterday, i don't think he's moved beyond that. vonnie: he said, this is about russia. he wants to go, my finances are good. successful.s actually, when i do my filing, people say, man, people have know idea how successful this is. greg farrell great reporting. reporter greg farrell on that exclusive. let's bring in bill gavin. he join me now on the phone. a reactions from the president's counsel. me ask you as somebody looking in on this from the outside. legal ramifications in the immediate term before this investigation actually closes some time down the road? >> well, i think based on the that have come out this morning, the possibility exists at least that some of the transactions of the trump onanization had an impact russia-trump actions during the process. bob mueller is a great guy. he's going to sift through facts.tease out the if there's nothing there, he will report there's nothing there. anybody to do with this point in time, le

ties to russia. we are looking at major market reaction. they have recovered for the most part the dow jones is only down 13 points. tenure treasury of buyinge bit treasuries on that. donald trump junior was told in he would receive damaging information about hillary clinton at a meeting with a kremlin connected lawyer from russia. the email says the russian government was trying to help the trump election bid. latest us now with the is the chief washington correspondent kevin cirilli. marty, let me come to you first read is it obvious it any crime has been committed? .arty: not yet everybody is trying to figure out what the legal definition of collusion is. you're not allowed to take anything of value from a foreign government. we are trying to parse this email and figure out what the legal liability is. mr. trump'sod for son. i wanted to read one portion of the email. they said there was going to be help from russia. this is high level information. marty, that's more than we were expecting. that's pretty blatant. support may not be interf

mark: on the matter of russia, we've got the bill to sanction the country. will donald trump actually sign this bill? kevin: over the weekend, the congress and the house of representatives reaching a deal, a bipartisan deal on the nearly unanimous russia sanctions bill that passed a couple of weeks ago in the senate. they tweak the bill to allow some u.s. businesses to have business relationships with russia if it is only about a 33% stake. that said, sarah huckabee sanders, the press secretary for the administration saying on the sunday show that "we support where the legislation is now but it would essentially handcuff this administration in the sense would be of to override any type of deal the administration makes with russia should it decide to weaken these sanctions." how is the business world reacting to all of this? bloomberg, go the #btv 6649 go, you have good economic indicator of investments into russia. this year alone has seen $500 million worth about flow. that is -- of outflow. that is the most since this started a decade ago, clearly a sign t

dollar sinking today as investors assess the expansion of an investigation into president donald trump's russia ties. banks made this much in quarterly profits. the country was on the brink of financial collapse. plus, general electric shares plunged to the lowest levels in almost two years. a look at the company's weaker as an unit margins executive prepares to depart. abigail, we are halfway through the trading day and getting not much. >> small declines for the major averages on the friday. nasdaq, s&p, and modestly lower. the first day without record highs, perhaps with some uncertainty around d.c.. but more records are ahead, if we call back to win the comey memo was leaked, there was a big drop, and then four or five days later, a big rebound. he expects the same next week. but when we look at some of the havens, different stories here. some pretty big gains for the 10 year yield, down by about three basis points this week. basis points. down this week even more. and the yen is rallying against the dollar in a big way. the dollar is down by about 7/10 of 1% against the yen. so that even r

russia keeps coming back. get back to the g20, the that het tweeted out thought it was a good ideas to russian onhe cybersecurity. senator lindsey graham had opposition to that. >> it was pretty close. gave a really good speech in poland. ahead disaster meeting with president putin. two hour and 15 minutes of meetings, tillerson and trump are ready to forgive and forget comes to cyberattack on 2016.an election of david: with all congress nobody on russia.e up is this going to get in the things like healthcare? you had a good weekend. there is some precedence for working with top global power such as china and ofering into some type accord agreement of a truce so cyber technology. we've seen this in the past with the united states relationship china. the president in his tweets suggesting a similar path forward. of course, over the weekend, new report from the "new york times" suggesting that donald trump jr. had a previously undisclosed with a kremlin associated lawyer back on paul manafort.th then the campaig

and russia. ofh more on the transactions his businesses as well as his associates. greg farrell helped to break the story and he joins us now. congratulations on the scoop, greg. tell us more about which of trum p's businesses the special counsel is looking into. sense, it isbroad all russian purchases of property, known interactions between the russians and trump. we highlighted the highest profile ones can in addition to the high-rises in new york. thursday -- there is the soho development, the licensing fee he got from the pageant in moscow come with a friend of his brought over there. of then there's the sale palm beach, florida, luxury insion, oceanside mansion, 2008 more than twice than what trump paid for it years earlier. julia: do we have any sense of what precipitated the expansion of the probe, and who else is included in trump's known associates? greg: no, and be careful in terms of expansion. this is more of a signal that mueller's view is to take a broad look on anything involving r

is toole point of putin's make russia great again. scarlet: one thing we should add as well -- it may have been 2 hours, but there were translators involved so it was probably an hour conversation. julia: do you think it is the situation we had in the run up to this -- the fact that they spoke for one hour, to hours from whatever it is, foreign minister lavrov said that trump accepted the assurance of note electoral hacking. my favorite headline -- the cyber working group -- john: a bit like al capone and the corleone family agreeing. both sides are trying to do cyber warfare against each other. you look at these things and they are partly about long-term gains to be had by both sides. on putin's side, it is interesting. he wants to be seen as an equal. he wants to be part of the conversation. all of these things are coming his way. from that perspective, it was more broadly helpful to him than trump. julia: they made it clear they want the removal of sanctions and they have been asking europe and the united states for this. the unite

that is the china russia investment fund. they will be doing a number of other things, including space exploration, exploration of the moon, but it is all secondary. it is way down the list, compared to what is happening with north korea. -- did a joint statement, saying kim must halt missile launches and military exercises. theia and china saying, statement, the claims of violate unn icbm security council resolutions. a call from the u.s. ambassador of the united nations, nikki haley, for a closed-door session of the security council. russia and china are permanent members on the security council. two of five. have veto rights and sway in resolutions. they are major participants in the previous six party talks for north korea. key players, vladimir putin and xi jinping. tell me how north korea is going to be in the backdrop or hanging over many of those discussions? stephen: it is going to be hanging there, sticking out like a sore thumb. betty: the elephant in the room. stephen: absolutely. xi jinping is the man right now.

and russia in global security. this is the russians being very much aware that the purpose of this decision is to take the russian foreign policy or polio out of the white house's hands or make sure it is subject to strict scrutiny by congress. this takes the sanctions from the obama era that were largely executive actions and puts them into law. you have to look at other situations where the u.s. is engaged in sanctions unilaterally that have lasted for decades. moscow is thinking is there any real point in trying to get along with the trump administration? it is clear that they probably cannot deliver on improved relations. this is now in the hands of congress. we have gone from bilateral negotiations to negotiations with about 535 stakeholders. most of them have their eye on some sort of office. francine: is there something the president can do to get that relationship back on track? the u.s. really needs russia because it has so much trade ties with north korea if it wants to retaliate against north korea. >> i

has towards russia. for instance, i thought it was interesting what putin had to say about the retaliation. he said he hoped there would not be the need for more retaliation, which is a thinly veiled suggestion that there could or would be if the u.s. would take additional action. it is more interesting, the rhetoric in the posturing, the necessarily the specific policy implications thus far. matt: i do not think it is failed at all. at all.d let's ask tell u.s. diplomats are seen in moscow. the u.s. media just kind of assumes that any russian diplomats are spies, basically kgb. isn't the same vice versa -- is it the same vice versa? reporter: u.s. diplomats serving in moscow are certainly under a lot of surveillance. they are heavily monitored. there is been a growing number of instances surrounding them that we have read about, when they have been the target of various forms of harassment, that sort of thing. certainly, being a u.s. diplomat in moscow now would be a tricky job for sure. and there are o

the chief suspect, russia. matt, welcome back. matt 30 minutes to go until the open of the cash trade on equity indexes. if you look at their futures right now, you see a little bit of a mixed picture after a slide for the cash trade. futures popping positive for germany and france. still negative for the ftse in london. it will be interesting to see, but as you say, the focus is really going to be on the fixed income trade as though yields continue to sort. german yields went from zero spot for two zero spot six fast. interesting to see how it is happening across europe and in the u.s. the moves have been aggressive. the european open has not been the greatest gauge to investor sentiment over the next few days -- over the last few days. the action has kicked in midmorning later on into the afternoon. yesterday, european equities flat at the get go the s&p 500 stateside, down by point &. -- down by .9%. look at what is happening with the japanese yen this morning, down .4%. the russian ruble, p attention to that meeting in hamburg

that's the way you figure out policy in russia. from their perspective, hillary was going to win because the establishment was going to figure out a way to ensure their people would win. i think the russians were probably more surprised than the americans that trump actually won. i absolutely believe that. but it's hard for me to imagine -- charlie: but you have no doubt that they hacked and attempted to influence the election one way or the other. ian: no doubt whatsoever. charlie: but where you can't go yet is a collusion between the president of russia and his government and his intelligence operatives, and members of the trump team providing them something which would have clearly been beyond the pale. ian: and that they would have gotten something in return, some commitment of meaningful offers. charlie: or they wanted to do it because they thought they had some leverage on the president, and if he was elected, they would have an advantage. ian: but it clearly seems there were many people around trump, some quite high-level, t

president 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

and russia fever. the question i asked, does he endorse his legal team's efforts to undermine the special counsel? secretary sanders: that something you would have to ask his legal team. i'm am not part of that process. or: health care, what does the president wants them to vote on next week? theetary sanders: president's preference is to repeal and replace obamacare and we have not been shy or quiet about that. >> vis-À-vis the health care bill, conservative groups announced they would be scoring on the motion to proceed, which i believe is unprecedented. thinkary sanders: idol anyone here has made a secret this is a big priority and congress should do what they have talked about for the last seven years, time to get in there and repeal and replace obamacare, and these groups recognize this. their constituency that supports the grooves that they have certainly recognize that and they are supporting their organizations and putting pressure on members to get the job done. >> but the organizational stru