charlie: between my election campaign and russia's. john: which 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 or someone in rescue -- somebody in russia rescued him and gave him funds. mark: no one in america wants a special counsel appointed to investigate them. 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 b

he can't hear the rules that recused him from the russia administration would have to reduce himself from anything with -- recuse himself with anything from hillary clinton because of the campaign. he said i don't want my attorney general to go after hillary clinton. it is not a priority. during the campaign he said, whatever we would do with hillary clinton, it would be a to my attorney general. a lot of mixed messages. every day, the president attacking sessions, anthony scaramucci saying, suggesting the president doesn't want sessions to keep the job. there is no substantive argument here in terms of the key parts of the trump agenda, whether immigration or cracking down on crime. those critiques are not being leveled at jeff sessions. it is the russia investigation or what he hasn't done in investigating hillary clinton or the side issues. it is worth remembering there is no more loyal member of the cabinet if you measure who is out there loud and proud for donald trump when there was political risk. charlie: and first. john: and first, and at a crucial time when ted cruz was cha

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

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

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. he 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. 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 happening in t

. >> 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

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

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

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

at that moment i think trump , awoke to the danger that the russia probe posed to him. he sent bannon back from saudi arabia to try to stand up some kind of outside legal war room to fight harder. charlie: is he in control of that? josh: i don't think he is. he knew that the lawyer from the campaign, when they were fighting off these accusations from women who said that trump had groped them. bannon and the lawyer knew each other well. charlie: this is what is interesting to me. the person trump seems to admire the most is james mattis. general mattis. he has given him the most power. he can make decisions on the battlefield and getting praise from military strategists. it may say something about his admiration for people that he thinks are tough -- josh: i would go a step further and say, veneration. especially for military generals. one thing you noticed in the campaign is whenever trump was in trouble, he would surround himself with generals. when he was finally forced to apologize for the birther slander, do you remember what he did? he calls the very strange press

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

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

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

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

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

if he starts moving to do business dealings in connection to russia. so you can imagine a situation where the family members would have quite an incentive to stop the investigation before it uncovers things that cause a potential problem. charlie: the shifting factions in the white house, it is really hard, because they are not united on issues that are necessarily consistent. for example, bannon was said to be opposed to the hiring of the new communications chief. according to the reports i read. whereas, others you would think would not have an opinion, were in favor of it. jonathan: that's true. i mean, one of the key dynamics at the moment is that steve bannon and reince priebus have become allies of convenience in a feud against jared kushner and ivanka trump. that is probably in terms of the hottest conflicts in the white house, that is probably right at the top. and jared and ivanka distrust reince priebus, they think he is incompetent, and they want him out of the job. to the extent which steve bannon sees them as ideological enemies, he wants

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

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

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

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

he gets to escape the headlines and the drumbeats of the russia investigation. but also he does get to , establish a personal relationship with some of these leaders, which is something he is comfortable with. he is very transactional. a relationship with a foreign leader can be transactional. we can do this for you and you can do that for us. that might be an area where he is more comfortable, as opposed to dealing with congress where you have hundreds of people you are trying to get on the same page. jeff: it is really all about these bilateral discussions with him, right? dan: shannon is right. foreign policy is often where presidents who are embattled turn to because they have greater latitude. as she said, you do have to worry but every member of congress and their views on it. you are the president of the united states dealing with another head of state. that creates a different dynamic. we know one thing about president trump. he likes to deal one-on-one with people. he likes to get to know them. he likes to take a measure of them. he feels he knows how t

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

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

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

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

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

shannon: that week will be crucial because this russia-cyber threat is real. not just interfering in our elections, but hacking other aspects of the american infrastructure. hacks of the electric grid. if there is a threat from russia after the invasion of crimea and further expansion that the russians may have. it is crucial, too, as relations go with nato and other european leaders. at the g7 meeting, the president's last international trip, they were tense moments between germany, france, and nato members. chance to rebuild some of those relationships and encourage nato in europe that you have a strong ally in the u.s. who will 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 from palm beach to kansas has remained largely unwavering despite the issues that have so far plagued his administration. a

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

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