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

i like russia as well. russia looks interesting, particularly when you get nervousness around sanctions which will not make much of a difference to russia, that created by you opportunity. and jeremydehn stretch, stay with us. watch the show live and you get the headlines on the site and all of our featured featuredd tom's latest chart. great want to watch through the this is bloomberg. the day. ♪ ♪ this ishis is -- >> bloomberg surveillance. at&t is showing it can handle itself in a brutal price for, the guy posted a surprise degrees in wireless subscriber in the second quarter. that will help them by this time awaiting for regulatory approval of its $85 billion takeover of time warner. uber is hoping to name a new ceo by september and they have fewer than six candidate, among the contenders is the -- meg whitman. she is said to have been meeting with their leadership in recent weeks. nestlÉ is building its first kid cap factory and 26 years in japan, the country's the goto destination for tourists wa

even in russia, they talk a lot. it bloomberg -- bloomberg is good about getting word out of the kremlin. francine: i read everything from he needs to be friendly, but not too friendly. one of the big worries is that president putin out maneuvers him by being too friendly. christopher: i think that people remember the famous first meeting between president putin and then recently elected president george w. bush pennsylvania and 2001 when president bush famously said he saw and to vladimir putin's soul and liked what he saw. i saw some blooper reporting yesterday, some speculation that mr. putin could exercise his wild once again over the president. we should take that with a pinch of salt. tom: the protesters are having an effect. this came across the bloomberg wire from a good source. mrs. trump cannot leave her residence because it was an uproar a few days ago about the trump administration not having hotel rooms in the four seasons, or other traditional hotels. i am not sure what the first lady is, but she cannot

this is before rock -- russia maybe a in a the press. ,aybe concrete evidence probably underreported for years not just during the campaign. i wanted to hear it out. it went nowhere and that is apparent that is not what the meeting was about tom: kevin cirilli is our chief washington correspondent. let me ask you the question i was asked yesterday, how does mr. mueller responded to the events of the last three days? will have toe investigate. i spoke to several democrats and republicans, the republicans feel like this is going to be territory for special counsel robert mueller. and i should note i spoke with mark meadows who said he thinks eller will use this as part of the investigation. there's a nomination hearing today and he is the president's nominate to be director of the fbi and i am told he will face questions on the development over the last 24 hours that we just saw. tom: i am trying to keep up with you and i am not doing a good job. 17 at first who do not all agree on collusion and conspiracy. caseid at the case for the of co

putin in russia order the united states to reduce diplomatic staff in russia. this plays right back to washington with the legislature of the house and the senate, boldly saying, no we want more sanctions. then you have the president much more in the corner with russia saying no, we want to see less sanctions. we will speak your with kevin cirilli. stay with us. this is bloomberg. ♪ bloomberg surveillance. i'm taylor riggs. this is the bloomberg business flash. toyota third place in global auto sales up for six months of the year. the japanese carmaker trails nissan and volkswagen. it is now counting sales from its newest member, mitsubishi. posting 37% increase in net incomes, profits in brazil, biggest contributor to earnings,. banco popular are was took over in june after shares were wiped out. ceo is on theic short list of candidates set to run uber. enterprises,rd they say there is a lot of work to do at hp. that is your bloomberg business flash. i'm usually not big on the ceo gossip train. how do you run mega sized companies like mrs. whitman does and b

he lived in russia for 15 years. when with we talk about healthcare, maybe we forgot about the sanctions. there's a bill from the senate that will ramp that up. could affect russia as target.nt tom: thank you so much. the president tweet, there's many of them out. friends retweets. here's what germane what's going on now on healthcare. president of the united states. i cannot imagine congress would washington without a beautiful healthcare bill and ready to go. the chart. single best chart which shows the trump fade. this in business insider. here's the election, steeper up we go with carl weinberg with optimism. lift here of central bank action. does the president have a policy thehow does it link into markets and into economic growth? >> it's a good thing we don't q&a on twitter someone should be asking which healthcare bill is he expect pass.ss to this is a problem. nobody can agree about what to do. get the idea presidential cheerleading. it's a proven thing for a president to do. do you in the policy you see app

trade between russia and china rose 33% of first five months of the year. in the u.k., the chancellor says -- must holdt much its nerve and keep public spending under control. one minister told parliament and unpopular pay freeze is now under active discussion. in sweden, inflation prompted the central bank to remove the potential for another interest rate cut. they see rates at the current level until the middle of next year. the bank said inflation in sweden has been higher than expected. global news 24 hours a day, powered by more 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. rateine: we have had decisions out of australia and sweden today. let's quickly get onto your market checks. this is what we are seeing overall. a little bit of geopolitics. it u.s. markets are closed because of independence day celebrations. havens advancing on the missile test. this is a clear move, that it is also very thin trading volumes. you can see under 13 gold up 0.3%. sweden, australia down under the rpa kept it benchmark i

investigations into his campaign ties with russia heat up. he is likely to put his longtime attorney into a less prominent role. president trump is considering what to do with his communications staff. venezuela, opposition leaders say more than 7 million people maduro'sinst president proposal to redraw the constitution. is european central bank likely to drag out the process of unwinding stimulus. economists say the ecb will likely allow on any action this week and wait until september. uaee is a report that the was behind the hacking of government websites in qatar last may. that led to the of people between qatar in the saudi led coalition. qatar says the report is not true. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. guy: thank you very much. talks underwayit in brussels again with the clock ticking down. david davis has promised to make real progress in the future rights of u.k.'s citizens living in britain and britons living in the eu. m

took a meeting with a lawyer from russia. it lasted for a short and period and nothing came of the meeting. i think it is a meeting that most people in politics probably would have taken. taylor: the president will fight the united bbacack to states today. two republican senators rejected the latest health care bill. in the new version, majority leader mitch mcconnell added $70 billion to save insurance exchanges. has made knowledge for the first time on paper it will have to pay money to the european union as it withdraws from the bloc. s prepare for a round of talks, the brexit bill has proved to be one of the biggest issues. $114 billion. the number of italians living below the level of poverty almost tripled in th last decade. 4.7 million last year. global news 24 hours a day powered by 2700 journalists and analysts in 120 countries. this is bloomberg. tom: thank you so much. let's look at some of the celebrations in paris on this j 14th, directly linked to the french revolution of a few years ago i read in my charles dic

we had a big spat with russia. there was a big backlash on turkey haside, but been cool and avoided a big fallout. finally, we're back on track, back to pre-crisis levels. we had a big fallout with israel. there was a big crisis with israel. what happened is that we avoided a big fallout for investments, and trade. to gccis applies currencies. yes, we have strong ties with all these countries. yes, we think qatar should be treated in a more fair fashion and constructive fashion, but we don't want any fallout when it comes to trade and investment. i'm sure we can manage that. reporter: are you at all concerned that your relationship with qatar will one day have implications on you and sanctions on turkey? >> i doubt it because first of all, turkey's not alone in thinking qatar should be treated more fairly. secondly, there is absolutely no grounds, no justification ,for why turkey should be treated in any -- i think turkey is a respectable player. peace, stability and prosperity. thkey is by far, doing e biggest com

the scandals involving russia and the distractions this president has brought upon himself, he does not have influence on congress right now. he should stay out of this. with his strategic pivot in january that led him into this, that is a problem they have today with the deficit. the original plan was to do a straight repeal and sunset till. replace it in two years. it is the president that abandon that. ofch mcconnell is very aware that choice that president trump made that derailed the whole effort in the first place. francine: but this doesn't hurt his base support? >> i don't think this affects president trump. he is not run on repealing and replacing obamacare for seven years. there is a much more poisonous issue for republicans who have to run in republican primaries next year. and have to rely on a republican base. trump can survive. for congressional republicans it is a big deal. tom: should paul ryan and the -- househouse survive speaker ryan doing? we have not talked about him in six weeks. >> he has been off the radar which is good. they could survive. there are structural a

not passed a russia sanctions bill and it is unclear whether the president will in fact meet with mr. putin in hamburg. the russians playing political games. is also: donald trump meeting with his chinese counterpart. how awkward will that conversation be, given that the trump administration has sent this guided missile destroyer in the south china sea? >> let's not forget that steve mnuchin announcing last week that sanctions on the chinese financial institution, with their ties with north korea. while the administration is trying to suggest that this is not any sanctions on china, it is when you take a broader step back and look at the big picture . what you alluded to as well as sanctions on the financial institution, nearly a signal from washington that they are growing perhaps more frustrated with the result of mr. xi jinping. francine: we also heard from the german government spokesman telling reporters that the chancellor, angela merkel will most likely meet with the u.s. president what is most likely meet mean? will they or won't they? >> this is interesting because if you thi