the u.s. japan alliance in recent years or it to my immediate left is gern nakatani. he served as defense minister from 2000 14 to 2000 extreme and was deeply involved on the security legislation and new interpretations of article nine, defense guidelines. is a former member and a graduate of the defense academy and ensure when he graduated and was a second lieutenant and i showed him the u.s. japan security meetings with the name gen, people were bit can use. i'm sure is rapid promotion and success is due to merit. and not his first name. sitting in the center is another onoderaefense minister, . prefecture.miyagi 2014sted him in july of for the first real description -- abeabbe administration. he is a graduate of tokyo university. sitting all the way on your hima. is nagas he is had a very interesting two weeks. two weeks ago he was a member of the democratic party of japan. -- now he has moved independent which you might ask -- which we might ask him about. sites with meat and graduated, he

the u.s., but in short terrorists find no sanctuary anywhere. the president has tried to ban people from various muslim majority countries from injuring the united states. >> when young muslim men and women should have a chance to build a new era of prosperity for themselves, it has to be done, and we have to let them do it. with gods help, this summit will mark the beginning of the end for those who practice terror and spread its vaio creed. -- vile creed. vows to continue its program after another test of the weekend with a missile traveling 500 kilometers across the sea of japan with defense official saying appeared as a shorter range weapon. north korea said it will continue to develop nuclear weapons and conduct more tests. officially announces the first round of capital commitments for the tech investment fund with more than $93 billion. the saudi public investment fund as well as apple, foxconn, and sharp are participating in the top 100und, expected to billion dollars and will focus on

inthe u.s. persists [indiscernible] the sanctions without understanding its rival, the administration will have to take the responsibility for ensuring catastrophe. mind that thed dprk nuclear strikes and capability will be strengthened and developed at a rapidly high-speed as long as the u.s. nasty nickelolicy, or threat and blackmail and pressure. thank you. >> now we will take questions. since e time limitation, we will take a few. i would like to hope you to focus on the topics and i also beld like to remind of your -- brief introduction before questions. let's go ahead. >> on behalf of the u.n. association, we thank you for this opportunity. i would like to ask about an issue that is in the news regarding cyber attacks. we understand that a 17, 18 panel member was hacked by someone pretending to be another member of the panel and there is some suspicion north korea is behind this is is the [indiscernible] we do not have an opportunity to ask you so you hope you can give us some reaction to

so a u.s. national was defined as free to enter the united states, free of immigration restriction, and u.s. nationals were granted the protection be of the u.s. military. but there are very few other rights that were extended to nationals. so, for example, u.s. nationals that came in the u.s. could be denied employment by the federal government because in a series of cases it was made clear that nationals were not eligible for employment with the u.s. government. so the gonzalez case is really a turning point here because by say 1904 the united states is now legally bound to admit puerto ricans entering through new york. and this would, by extension, apply also to filipinos. so the original promise that some in congress had made, you know, that we would be able to control the effects of our colonial policy overseas and limit migration proved to be untrue in this case. and once puerto ricans are arriving as nationals, they are still though subject to xenophobia of all kinds. and we see this esp

inthe u.s. persists [indiscernible] the sanctions without understanding its rival, the administration will have to take the responsibility for ensuring catastrophe. mind that thed dprk nuclear strikes and capability will be strengthened and developed at a rapidly high-speed as long as the u.s. nasty nickelolicy, or threat and blackmail and pressure. thank you. >> now we will take questions. since the time limitation, we will take a few. i would like to hope you to focus on the topics and i also beld like to remind of your -- brief introduction before questions. let's go ahead. >> on behalf of the u.n. association, we thank you for this opportunity. i would like to ask about an issue that is in the news regarding cyber attacks. we understand that a 17, 18 panel member was hacked by someone pretending to be another member of the panel and there is some suspicion north korea is behind this is is the [indiscernible] we do not have an opportunity to ask you so you hope you can give us some reaction t

a senior u.s. intelligence official tells nbc news that german intelligence says it does not need support from the u.s. in monitoring and safeguarding germany's upcoming elections this fall. the u.s. officials saying the germans simply don't want any hint of u.s. involvement in any way. that sentiment echoed by german chancellor angela merkel who recently said -- we european must really take our destiny into our own hands. today press secretary sean spicer downplayed talk of a rift. >> i think the relationship that the president has had with merkel he would describe as fairly unbelievable. they get along very well. >> reporter: but the president tweeting defiantly today, we have a massive trade deficit with germany, plus they pay far less than they should on nato and military. very bad for u.s. this will change. foreign policy experts warn -- >> i think the russians are laughing, but they're laughing at how easy it is and how our president, unfortunately, is helping with their agenda. >> reporter:

now in the u.s. i still like treasuries. 2.2% on the ten years is a huge yield compared to european and japanese bonds at zero interest. >> that's your idea? >> are bond yields as low as they are because it's a sign that the economy is weaker than people think or is it simply because of central bank intervention and still the sugar that everybody -- >> they haven't intervened but you see if you print money in japan and by the ecb in europe, the money is printed by essentially the central banks buying asset. i'm an insurance company. i sell bonds to the ecb or boj or stocks. they have liquidity. then i shift money to u.s. treasury so the printing jeefr seas has helped the dollar until say the beginning of this year. now i believe the money flows are shifting back and ush row means are even more bearish than -- >> $100 million. where do you put it? where are you putting your money? >> i would put it rather in europe and in emerging economies. >> in equities? >> yes. bonds. not in european bonds. >> cre

u.s. and asian headquarters. i am ramy inocencio in new york where it is just after 7:00 p.m.. >> let's go to the development in the nl. -- in vienna. g7.ty to come on the look at what is happening with the u.s. markets and how it could affect the asia-pacific. markets were up across the board. in the s&p 500 and nasdaq hitting fresh records, in part of what happened in the retail sector. we will talk more about oil because that was on the downside and by far the biggest loser, down 5%. our opechat is delivery, but not quite there. crude struggling this morning. even though we saw fresh records on wall street. let's see how things play out in the asia-pacific region could be seeing hesitation. mobile equities on track for a sixth straight weekly gain. we might end the week on a cautious note. seems the case for australia. 7019. close to a 5% drop for the dollar. the $49 a barrel mark for nymex crude. .7453 for the aussie dollar. japan at the bottom of the hour, looking for a pickup in core

and u.s. equity session, we are seeing broad-based gains that start here when markets open shortly for equities. repaira little bit of from the sentiment. sachs, they scale back their: treasuries. what is that about? what is their new target? adam: we will just bring up the chart now and see how the contrast with the start of the year. this is in line with what is happening in the bond market as people have assessed their evaluation of the u.s. economy and how the fed can continue to promote growth, given concerns around inflation. interesting to note, going back year, by thehe 10 end of the year back to the start level at the beginning. but now in the big week with fed speakers, we have got harder and kashkari later today, the minutes from the may 3 meeting, they are later this week. there is a lot getting into .ricing from the june meeting it is a fair assumption, 80% looking at the airways that we will get the june hike. now it is about how the bond , bringing downn the balance sheet. still

the u.s., japan and south korea -- china and south korea. [applause] >> good evening, ladies and gentlemen. i am shinzo abe. thank you very much for inviting me. i am delighted to see so many guests from the united states, as well as the nations of asia. please, enjoy your stay in japan. it has been more than four years since i have retaken the government. japan, before that, under the rule of the democratic party of japan was in wrapped with pessimism with a since of resignation. japan was struggling with inflation. japan was not able to make its presence felt in the international arena. population is shrinking, thus it can no longer expect growth, japan is already in its twilight years, such was the lament we often heard looming large before us to give it all up. the stock price, at the time, was less than half of what it is today over 8,000 yen or so. i stood up to take on the challenge. i promised to restore japan to what she use to be. how is japan today? during the past four years throug

the u.s. embassy to jerusalem. issues relating to the settlements. will be u.s. take a stand on the two-state motion and if so, what? will follow sequel the visit and how will he be discussing what is a very tense situation at least at the underlying level between israel andpalestinian authorities what is happening in gaza. for israele problem of what is happening in egypt which is equally important to the united states. a problem of economics and stability. also a tangible impact in sinai and the gaza. where you have a low-level conflict but one that is not getting better, is getting worse will stop you have the problem of what happens, and it will happen fairly quickly, if you liberated andally driven out of its pseudo-capital in rocca. that may mean it faces a significant and very different extremist radical somewhere on its border area. there also is the fact that during all of these conflicts, the has full has steadily built up its missile forces. effectively rearmed and gotten better cap

the u.s. are drifting apart. what will the future relationship look like? sys manytish airways of it -- says many of its computer systems are up and running. onl stocks see turbulence the massive failure? matt: less than a half-hour away from the european open. let's take a look at futures in the markets that are going to open and trade today. london is closed, not because of the computer failure, but for a holiday. here you see the euro stocks futures unchanged, dax up just .1%, cac down about the same amount. check out the bunds. looks like investors are selling off german debt, pushing the yield up. ,ight now trading is at 0.35 not a huge amount. it still looks pretty blown out. just want to know get through an hour without talking about bitcoin. aussie dollar down, iron ore in the tank. aussie stocks are also lower there was an attempt to runiit it up, but volumes are below the 30 day average, asx down .7% . when it comes to the commodity side, this is where you are seeing a little bit of

>> i think when we talk about u.s. presidential elections, we know the russians were trying to influence outcomes, as well as perceptions back to the 1960s, i believe. but again, the cyber environment now really provides so much more opportunity for a variety of trouble making, and the russians take advantage of it. so the ability to go in and to collect and to use different types ofechniques, spearfishing, whatever else, so they can then gain access to people's e-mails, computer systems and networks, it is something that the russians are quite adept at. what we've seen recently is the collaboration between russian intelligence services and organized criminals. i think it was in march the department of justice indicted four individuals. well-known organized criminal hackers because of the pillaging of the yahoo! servers. that collaboration between russian intelligence and russian organized crime, i think, is more and more of a concern. so they can promote their respective interests. this is something i think the russia

the u.s. they have expanded their businesses right after continuing to contribute to job creation. just two weeks ago, we have announced a contribution of $40 million to the new adb. this is the initiative to introduce advanced technologies in the areas of environment, transportation and infrastructure. in order to develop quality infrastructure, the $200 billion of contribution that have been announced previously will be activated within this year. i am the prime minister of japan. therefore, for me, it is japan first. however -- however, be careful. listen to me. however -- this japan, i mean, is a japan that coexists side by side with global prosperity and peace, and since last year a series of general election and referendums have taken place in many countries giving birth to new leaders. in g7 alone, this happens in the uk, u.s., italy, and france. last week, we saw it in south korea. it was a year where the attention of world was glued to the choice of people of these countries and to th

the u.s. has a massive trade deficit with germany and they play part -- and they pay far less than they should the nato. he says it is very bad. the u.s. but it will change. there has been speculation the president is going to shake up his white house staff and his communications director has quit. he served in the post for less than three months and has been working with press secretary sean spicer. the dictator of panama, who was ousted in a u.s. invasion, has died. manuel noriega ran the country from 1983 to 1989. the u.s. accused him of rigging elections, having ties to drug traffickers, and ordering opponents killed. he was arrested in 1989 and spent 22 years and u.s. and french prisons. he was 83. golfer tiger woods said medication, and not alcohol, led to his arrest for driving under the influence. jupiter,rested in florida, and spent four hours and jail before being released. he blames an unexpected reaction to prescription medicine and underwent a fourth operation on his back in april

the u.s. role in the world, and national organization and treaties as well. he joined heritage after a decade at yale university where he served as associate director of international security studies. he is also an adjunct proffer of strategic studies in the strategic studies program at johns hopkins school of advanced international studies. please join me in welcoming ted bro van. ted? >> thanks very much, john. welcome to the heritage foundation for this event on brexit, u.s.-uk trade area and of course the british election announced yesterday to be held on june 8. we're frequently told that support for free trade in the world -- in the united states and the west is on the wane. this is certainly not true in the united kingdom. i was fascinated to read that one of the conservative parties' central appeals in this newjust-called election is that being out of the european union means that britain will "be free to strike trade deals with old friends and new partners all around the world." so w

it wasn't approved in the u.s. so she and a number of other families imported the drug from overseas. it cost about $1,200 a year out of pocket. it got a new price tag, $35,000 a year for a patient in the u.s. weighing about 55 pounds. >> $35,000 per 25 kilograms, it's pretty aggressive i would think. >> ptc therapeutics said it represents sustainable pricing providing access to eligible patients in the united states, including continued investment in du schens. the drug's cost may be more than $35,000, if patients like her son weighing more than 25 kilograms. >> my son is probably on one of the highest doses, nearly 50 kilo grams a day. >> she estimates the cost at more than $100,000 a year. she's concerned her old system of importing the drug is going away since it is now available in the u.s. earlier this year a private drug company called marathon pharmaceuticals acquired rights to it and took it through the fda approval process. it set the price of $89,000 in the u.s. generating an immediate outcry from the pa

u.s. on the right rate path? the market seems confident, but will consumers support the case? theill ask charles evans of chicago fed in an exclusive interview. to the program, everybody. we are less than half an hour to the european open. let us have a look at what is happening on european futures market. we will be a little bit starter at the start of trade. the ftse 100 could be a bit of a laggard this morning. m&a this morning and france. a little bit of oxide coming -- upside coming in from the cac and the dax. gmm function, in better perspective. we are standard deviations away from standard moves. we have the chinese market up by .6%. it dropped off the far left hand of your screen. that was a standout performer because as you can see from the index picture, which features a some of the asian equity session, the australian market, for example, the general move was down. negative risk-off session and a slight move higher in gold. as i said, china in that trend of moving higher this m

now u.s. special operations forces are actually the group of the military now in charge of dealing with weapons of mass destruction. they have the lead on that and that means north korea is in their eye sights front and center. jake? >> all right, barbara starr, thank you so much. president trump doubling down on australia's government-provided health care system. the president even saying everybody has better health care than america. is he setting the bar a little too high for the republican bill in the senate? stay with us. at whole foods market, we believe in food that's naturally beautiful and fresh. delicious and powerful, and full of nutrients. so there are no artificial colors... no artificial flavors... no artificial preservatives... and no artificial sweeteners... ...in any of the food we sell. we believe that the food we eat connects us to the natural world and to each other. we believe in real food™. whole foods market. our 18 year old wase army in an accident.'98. when i call us

. >> finally, if a u.s. president asked any intel official not to pursue an investigation, would you construe that as obstruction? >> i do not have the legal basis to determine what constitutes obstruction of justice. >> how would you react if a president asked you not to pursue an investigation? >> i have never been asked that, and if i was, i certainly would not follow such a directive. >> thank you. i yield back. >> gentleman yields back. mr. turner, five minutes. >> thank you, mr. chairman. mr. brennan in turning back to the exchange that you had with mr. gowdy, you stated -- and by the way, i want to also thank you, as others have, for the specificity that you provide to us. these are difficult issues and concepts, different standards, intelligence assessments, evidence. we've got, you know, the fbi, the cia. each of you do different jobs, and your expertise is certainly helpful to us to unwind as we're dealing with elements of this what we're looking at and what this means as we try to move forward wit

and the u.s. i spoke with a senior u.s. official who thinks the president believes it will hinder his efforts to get the leaks out of the government. he called on just seven -- on jeff sessions to investigate isorts, saying whoever responsible should be prosecuted. politics aside, there is personal relationships on display. particularly, and a handshake between french president macron and president trump. ,hat moment itself went viral and illustrated the relationship and how president trump is being , withed in europe skepticism, uncertainty. it is a contrast to my reporting on the ground in saudi arabia and israel, where he was greeted much more warmly. this comes ahead of his g7 meeting later this morning. he will set down with the japanese prime minister to have a bilateral meeting before meeting with other g7 leaders. across to matt miller. matt, what are european leaders expecting from this g7? thank you for the correction, there are four new leaders at the g7. good morning. to start with, it is interesting why we are

the u.s., no trading in china. let's start with stocks. 600 has a little bit of a change. the average volume which tells us what sort of trading conditions we are seeing. below the time of this day that we normally see. down oncurrencies are the day. a little bit of support earlier after comments from the fed hike. williams said that hikes are to be expected. let's move on to the currency board. here is the dollar rising against the ran today. that the south african president is staying put. muted reaction for the ran suggesting that investors still find the yield tempting enough. market, -- renzi will hold an election in the autumn. the market is uncertain about italy. they could show the strongest economic confidence in a decade. opec last week is seemingly underwhelming investors with its extension deal. the global stockpiles will drop faster in the next quarter. the u.s. production data. we have rigged data on friday showing that explores added rigs yesterday. the highest level since 2015.

the cable went on to urge senior u.s. government officials to "encourage the saudi government to take more steps to stem the flow of funds from saudi arabia-based sources to terrorists and extremists worldwide." trita parsi? >> this trip is not about fighting terrorism. if it was, wwould have actually seen much firmer position by the united states against these funders in saudi arabia who actually also provided the seed funding for isis. instead, all of the focus is on air ran. why is that? is beyond for this the fact the trump administration is securing these arms deals come is that there are elements in the trump administration and certainly people in saudi arabia and in israel who want the united states to once again adopt the hegemony in the united states. they want the us to be completely responsible for the security of the middle east, meaning the u.s. will have to uphold it and pay for it through some treasure and blood, which would obviously then benefit israel and saudi arabia and some of those states that are al

the u.s. army failed to keep track of more than $1 billion worth of weapons and military equipment sent to iraq and kuwait, including tens of thousands of assault rifles and hundreds of armored vehicles. ,e will also talk about syria where u.s. defense secretary james mattis says the u.s. is shifting to annihilation tactics in its fight against isis. >> our strategy right now is to accelerate the campaign against isis. it is a threat to all civilized nations and the bottom line is, we are going to move in an accelerated and reinforced manner, throw them on their back foot. amy: but as the u.s. ramps up airstrikes, are syrian civilians are paying the price? and leaked documents reveal counterterrorism tactics were used at standing rock by the security firm tigerswan, hired by energy transfer partners. against water protectors who they call insurgents. we will speak with the intercept reporter broke the story and tara houska of honor the earth. all that and more, coming up. welcome to democracy

in europe and the u.s. they have expanded their businesses right after continuing to contribute to job creation. just two weeks ago, we have announced a contribution of $40 ade.on to the new fund of this is the initiative to introduce advanced technologies in the areas of environmental transportation and infrastructure. in order to develop quality infrastructure, there are $200 billion of contribution that have been announced previously will be activated within this year. i am the prime minister of japan. therefore, for me, it is japan first. however, be careful. listen to me. however. this japan, i mean, is a japan that can coexist and advances side-by-side with global prosperity and peace. since last year, a series of general elections and referendums have taken place in many countries, giving birth to new leaders. happened in, this the u.k., the u.s., italy, and france. last week, we saw it in south korea. it was a year where the attention of the world was glued to the choice of decisions of people of th

the u.s. approach on this question. secretary ross's article, the trump administration, brexit and the election in britain create the opportunity not just to build a u.s./uk free trade area but for the u.s. and britain to take the lead in creating a new type of free trade area one that fulfills the promise of free trade for more open markets, for more and better jobs and more greater prosperity for everyone. there's no one that i can think of better placed to address these questions than our speaker today. director of economic policy and prosperity studies of the institute in london is one of the world's leading trade in competition lawyers. he is the former head of market access at squire sanders, and currently the ceo of comutare. he has worked with companies around the world on market opening and transition issues including the earlier privatizations of the uk electricity market, the former soviet union, the transitions in latin america and the wto successions including china and russia. ou

the u.s. they have expanded their businesses right after continuing to contribute to job creation. just two weeks ago, we have announced a contribution of $40 million to the new ade. this is the initiative to introduce advanced technologies in the areas of environmental transportation and infrastructure. in order to development quality infrastructure, the $200 billion of contribution that have been announced previously will be activated within this year. i am the prime minister of japan, therefore, for me, it is japan first. however -- however, be careful. listen to me. listen to me. however the japan, i mean, is a japan that coexist and site by site with global prosperity and peace, since last year a series of general election and referendums have taken place in many countries giving birth to new leaders. in g 7 alone this happens in the uk, u.s., italy and france. last week, we saw it in south korea. it was a year where the attention of the to the choice of people of these countries and to t

and u.s. persons involved in the trump campaign. that i was concerned about because of known russian efts to suborn such individuals. and it raised questions in my mind whether the russians were able to gain cooperation of those officials. i don't know whether or not such collusion -- that's your term -- such collusion existed. i don't know. i know there was a sufficient basis of information and intelligence that required further investigation by the bureau to determine whether or not u.s. persons were actively c conspiring or collude ing with russian officials. >> do you know the basis of that information you share would the bureau? what was the nature of the evidence? >> i think, mr. gowdy, the committee has now been provided information that relates to this issue. in terms of information that the agency shared with the bureau. and that is something that is appropriately classified. >> all right. and you learned that when? when in this chronology did you learn of the contacts between these o

the u.s. has a bigger gift coming. the u.s. shows it can deal with that threat. the ground based u.s. course defense system has risks. it has what can gen lousily be described as a mixed record, successful in its last 17 attempts. today was the first time it tried to shoot down and actual intercontinental ballistic missile traveling three to four times the sound. >> it will undermine our seriousness about stopping their program. i don't think it will actually stop their program. they will see it as yet another challenge to overcome. >> reporter: missile defense systems aren't only about defense. having one shows an enemy you can attack it first and not have to worry too much about retaliation, but only if it works. >> tonight, the u.s. military says the test was a success, knocking out the incoming missile with a direct hit. the u.s. military has already said north korea has the capability to threaten hawaii, now military officials said the u.s. has proven it has a deterrent. savannah. >> rich

i see steel growth pending ok in the u.s. -- panning ok in the u.s.. when you take that and contrast what is happening in the eurozone and what is priced into the currency market, as we are coming out of an error of excessive pessimism, in general, not just the currency, i see the balance of risks for higher eurozone assets, including the euro. manus: we will talk about that undervaluation against the backdrop of better growth very shortly. stays withkionakis the team. the president and the ceo of the drugmaker joins us right here on the london that. we will talk about his outlook and a challenges in the united states, and you want to stay tuned because we have a conversation a little bit later in programming. senator elizabeth warren is at 11:00 a.m. u.k. time. what does it really mean? this is bloomberg. ♪ matt: welcome back to the european open. i am matt miller at our berlin bureau alongside manus cranny. european markets open for trading almost all minutes so far. you see the stoxx 600 down .1%. the dax and the cac showing a little bit of weakne

the u.s. is represented by the newly appointed u.s. trade representative, barely two weeks on the job. he provided little guidance on the u.s. trade policy in this part of the world. all he said at that the u.s. -- we do not really know. he also maintained that the u.s. will pull out of tpp and what it wants from the asian partners are pretty much bilateral trade deals. precisely such an arrangement worries the wto chief. he said that is the biggest risk to the multilateral trading system. >> the biggest threat is for countries to decide to do things on their own and to take unilateral action. once they do, and this invitation exists. whenever you have a sluggish economy where you have stagnation, the tendency to find solutions looking inward is higher. the fact that the ustr was present at the meeting a significant. he is newly appointed an effect that he is here show some kind the apecss to trade in region. >> was there any progress made over the weekend? we knew that tpp talks were taking place. there has been a lot of dark clouds o

the u.s. election. >> i respect the move, but the entire thing has been a witch hunt and there's no collusion between certainly myself and my campaign, but i can always pick for myself and the russians. >> the president said he respected the decision to appoint former fbi director robert moeller to look into the matter, he also denounced it as bad for the nation. >> i think it divides the country. i think we have a very divided country because of that and many other things. so i can tell you that we want to bring this great country of ours together. i hate to see anything that divides. i'm fine with whatever people want to do, but we have to get back to running this country. >> the resident responded for the first time to a memo said to be written by former fbi director james comey, that claims that in a february meeting, the president asked comey to drop the investigation into michael flynn. did president trump say that? >> no, next question. >> the appointment of robert mueller to take over

u.s. and try not a great to promote shipments of american natural gas. finance ministers do not see eye to eye on trade. investors are focusing on the data, looking for evidence that consumers bounce back after a week first quarter. this is bloomberg daybreak. u.s. retail sales coming up shortly. grind lower continues, futures a little bit softer, down 2/10 of 1%. euro strength, not the story, the dollar on par 4 to best week of the year. >> all eyes on the u.s. economy. u.s. retail sales and vpi -- cpi for april. discussing monetary policy in dublin and the philadelphia fed president delivering a speech on the economy. at 10:00, my favorite thing, universe michigan sentiment numbers, the soft data read. >> because it is michigan, that is why it is your favorite? [laughter] therade at the top of agenda and late yesterday, the commerce secretary announced a trade deal with china, exports of everything from beads to liquid natural gas. cirilli.s kevin we thought we were going to war with chi

the u.s. army failed to keep track of more than $1 billion worth of weapons and military equipment sent to iraq and kuwait, including tens of thousands of assault rifles and hundreds of armored vehicles. ,e will also talk about syria where u.s. defense secretary james mattis says the u.s. is shifting to o annihilalation tas in i its fight againstst isis. >> our strategy right now is to accelerate the campaign against isis. it is a threat to all civilized nations and the bottom line is, we are going to move in an accecelerated and reinforced manner, throwow them on their bk foot. amy: but as the u.s. ramps up airstrikes, are syrian civilians are paying the price? and leaked documents reveal counterterrorism tactics were used at standing rock by the security firm tigerswan, hired by energy transfer partners. against water protectors who they call insurgents. we will speak with the intercept reporter broke the story and tara houska of honor the earth. all that and more, coming up. welcome to demo

look at how u.s. a city -- u.s. equity markets closed. down,nes index also nasdaq was of the outlier of .09%. let's take a quick look at what is happening in this part of the world. of the week of the week in the past, the last five trading days, let's chase him the key companies. retailers, losses coming from insurance stocks. level, we saw it being the best performer in terms of volume and activity. upside, surprising sales with earnings growth as the rapid earnings season. let's crossover. brent crude, $15.84 closing trade friday. a continuing build in this rig inventories. apparently it is another part to wah. what is driving that, it is the highest in almost three ar u.s. tenure paper 2.33 and the south african rand is barely below the flatline closer. l's check on the first word headlines around the world. reuters is reporting that the u.s. and saudi arabia have signed over $100ilon worth of deals ahead of president trump's visit to the kingdom on thursday. surpass $300 could billion over the next decade. reuters also said the u.s.

the u.s. consumer probably will be the backbone for the entire u.s. economy. >> thank you. >> the average budget airlines as it posted profit for the first few years. the dublin-based carrier says it expects profits to rise further mainly due to a fallen deal cost. there's actually declined last year. that has attracted plenty of passengers. high occupancy contradicted to the good -- contributed to the good results. back over to sarah. sarah: we have some sports news to bring you. at the french open, there has been drama off the court. a player has been banished from the tournament after he tried to forcibly kissed a tv reporter. it was live, on air. meantime, well number one, andy murray got the better of hundred. thomas todd helton -- this 43-year-old led dortmund to victory. the club's first trophy in five years. the poor relationship with the club's hierarchy has cost him his job. have a look. >> thousands of lands attended the first training session of the season in augustst. had been bought and for 100 million euros in transfer fees. the team ha

paul: the u.s. commerce secretary wilbur ross said president trump never intended to tear up nafta but it requires a thorough revamp. speaking in washington he said the guiding principle that will be "to do no harm." russ says he wants talks with congress by july has big changes will require approval on capitol hill. he also says the window to change nafta remains open through the -- to next generally. a malaysia airlines flight turned back to australia after a passenger tried to enter the cockpit. back in28 landed melbourne. the carrier has offered no further details. malaysia airlines is recovering from two fatal and unexplained disasters in 2017 where a flight banished en route to beijing and mh 17 was shot down over ukraine. a woman linked to the scandal that toppled south korean leader hai has [inaudible] made headlines when it was revealed that samsung paid i -- $850,000 to buy her a horse. part of the widespread corruption in korean clinical and business circles. reports from japan say toshib

. >> if a u.s. president asked any intel professional not to proceed in an investigation, would you consider that an obstruction? mr. brennan: i do not have the legal basis to determine what constitutes as of structural justice. >> how would you react if the president asked you not to pursue investigation? mr. brennan: i have never been asked that and certainly not what i follow it if were asked. >> i yield back. >> turning back to the exchange you had with mr. gowdy. you stated -- and by the way, want to thank you as others have for the specificity you provide us. these are difficult issues and concepts. different standards, intelligent assessments, evidence. we have the fbi, the cia, each of you do different jobs and your expertise is helpful to us to unwind elements of this. what we are looking at and what it means. as we try to move forward the -- with the investigation. you indicated that you saw, when asked about whether or not you as seen evidence of collusion or collaboration, you said that

the u.s. time says the u.s. will ,ay for the military defense despite president trump saying seoul, korea should cover the cost. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. day on thes a quiet market with most closed for the may 1 labor day break. let's get to the action, or to the little action out there. usk, thank you for joining on this holiday. i was just saying earlier, i was not quite sure if it was a good thing or a bad thing but so many markets across asia are close. gotuch it go -- eco-data we over the weekend and today. south korea, australia, anything that caught your eye? debra: i think the south korean data is a highlight -- mark: the south korean data is a highlight. the region overall is good news. farther down the line we will probably get more accusations of currency manipulators raised against korea with trade doing so well. that will be a concern. you might see the korean won appreciate. we are seeing little reac

u.s., closing near the all-time highs. low.ility at a 24 year it is incredible. the french elections pretty much have got people complacent here. you can do wonder whether or not we are in a danger zone. are we lulled to much and all the gains? hurdle weter that whole gir got, there is not much that can spooked investors at this point. china remains a cautious market. no relief inside after we see the forest deleveraging coming out from the government and the trade data we got yesterday. it was decent, but softer than the previous month, so let us see how the rest of asia is performing here so far on this tuesday morning. a little bit of weakness. we are down about a quarter of 1% right now. we did see dollar -- a lot coming back to the u.s. dollar after the fed. we are seeing gains against the g10 currencies. t -12 hours now until treasury -- treasurer scott morrison delivers his budget. will the credit rating be at risk?futures are pretty soft. slightly positive. the aussie dollar unchan

u.s. history. he's a lifelong iowan who's devoted his life to public service and even whaent in public service as president of university, he was still an ambassador for iowa. after more than 22 years as my home state chief executive i'm proud to support governor branstad's nomination to serve our country as the next u.s. ambassador to china. his nomination should come as no surprise to the people of iowa. we have long known and benefited from the relationship governor branstad has with the people of china. a sister state relationship going way back to 1983 has grown into a successful trade partnership that has benefited iowa farmers and businesses. perhaps most notably, governor branstad enjoys a 30-year friendship with president xi, their first meeting took place in 1985 when xi was then a local provincial official who led an agricultural delegation to iowa. president xi visited iowa again in 2012 when governor branstad was back at the helm for a fifth term as governor of iowa. their rel

we don't really know where the u.s. stands on a lot of issues because the white house has been so engaged with a series of cascading fights over the last week. they will probably put out the fire at the last minute. there is only a week to go. there is a lot of the grim fatalism in europe about what is going on in washington. mark: the word impeachment is being used in all quarters. how is it going down in the white house? margaret: you are hearing it in some corners of washington, primarily among liberal democrats. this is still very much a partisan talking point, and it is only part of the democratic party you are hearing. a lot of democrats who want a more centrist reputation saying it is too soon to talk about that, that we need to get the facts now. the white house is looking more closely at republican responses, republican behavior. it may seem like a slight gradation, but to hear house speaker paul ryan say that good to thes to fact and they will be a thorough investigation seems like a tone, ahange in recognitio

a u.s. oil production is on the rise and that is going to provide a balancing force to the output cuts in opec. inventories isl going to be slow to come by. yousef: the people at standard chartered are saying that u.s. total oil production will hit a record this month. if you look at what the market is pricing, is it relevant whether this agreement is extended are not? more toneed to do depress prices and global markets? >> great question. processto speed up the to reduce global oil inventories, opec and other non-opec members may in fact need to cut more. i think that the more easily achievable solution is for opec to extend the cuts that are in place through the rest of this year. and then the hope is that the strongdemand will remain , that will help counterbalance the rise in u.s. oil production. over time the market will dent in theput a oil inventories globally. it will take time. yousef: thank you so much for your thoughts this morning. by shery: president for energy. saudi arabia's,

it is our interest for the u.s. to make an active contribution particularly with affect in the , southern area. we believe regarding the south, they are interested in that,, and regarding the south, they are going to initiate this. we hope of the other areas i am talking about, the u.s. will be able to make a contribution into ensuring security, monitoring the compliance with the cessation of hostilities, and also contributes into addressing humanitarian issues, because that is one of the goals behind which represents behind the establishment of the de-escalation area. regarding the general background tomorrow and fair work correlations, i would say that as of right now, our dialogue is free from ideology typical of the obama administration. most trump's and the secretary of state, his administration, as i realized today are , businesslike people, and they want to reach agreement, not for the sake of demonstrating their achievements to anyone in terms of their ideological preferences. they are willing to negotiate,

back in 2014 the u.s. military was on its way out, handing afghanistan security over to the afghans. u.s. troop strength which had peaked at 98,000 in 20-- 210 plummeted to $8,400. but now the pentagon wants to reverse that. it asked to add 3 to 5,000 more personnel. and for authorizization to send u.s. forces closer to the front lines, to back up afghan soldiers who are often overwhelmed by the taliban and dying in the thousands. here in brussels the u.s. has been trying to talk its nato allies into adding thousands more troops in afghanistan as well. but so far the reception has been cool. and as for the decision to beef up u.s. forces, it has been postponed until the president returns to washington. >> pelley: liz palmer in brussels tonight, thank you. today the pentagon acknowledged at least 105 civilians were killed in a u.s. air strike in mosul, iraq, in march. a 500 pound bomb hit a building to take out two isis snipers. the pentagon said today isis had explosives in the building and the secondary b

angela merkel, u.s. to leave early, once a pledge from all nations. >> it is important as leaders that we show our fierce determination to ensure we use every tool available to us to fight against terrorism. correspondent: one document signed and a round of applause, despite the differences of this first day. sara: good to see you. merkel says the other g7 members try to convince trump to back these climate records that he would not budge. why do you think that is? >> he deserves the right to make up his mind on where he stands on climate change. he has described i it as a hoaon the past but f for now thehe und states is locked into this paris agreement. they could opt to get out of it. it was feared that coululd happ. now with the g 20 meeting c comg upup in germany, that leaves moe scope to find out how far it is possible to go with this administration. the united states has not made up their mind yet. sara: they did manage to present a united front on terrorism but what are they going to do about it?

u.s. the justice department is reconsidering whether to charge him for his role and disclosing classified information. president trump and ice trying to stop in at the investigation. he says it is ridiculous to think that he has done to amount to an impeachable offense. trump says former senator joseph pick ton is the top become the newest fbi director. -- is bound to stay in office. she approved hush money for the former house speaker. they set a full investigation will prove he is innocent. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus across the world. this is bloomberg. david: thank you. to the middle east as president trump makes his way to saudi arabia or today is the day wellbig election as voters decide if they will keep -- for a second term. is our anchor over there. set the stage for us. what is at stake in the selection? >> rarely has there been a day so important for the middle east or for iran since the founding of the islamic republic.

u.s. department of justice reportedly prepares to sue the carmaker over its excess emissions. >>> burberry shares are in fashion with investors in early trade as the company reported better than expected underlying profit as a new ceo gets set to wear the pants. sent to where the pen >>> good morning once again, it's thursday. glad you're with us. let's get straight to the markets, see what the fallout from the white house drama continues to be. the stoxx 600 is still off by 0.5%. the dax seeing its biggest loss since before the trump election. the dax down 1.4%, the cac off 1.8%. the worst day in more than eight weeks. as you can see, we're extending that selling pressure on the markets. let's look at the sectors one by one. you can see autos are under pressure, off by 1.4%. this is mainly because of fiat chrysler given the u.s. investigation and the pressure on the carmaker. we'll get much more from nancy hungerford. utilities, household goods are the few out-performers. utilities up by

., the u.s. will cut off funding to them unless they focus their fighting on isis only. this has happened numerous times. theirgroups have lost funding. then they went and joined al qaeda. there's a narrative that says if the u.s. is supporting extremist now a cut of groups, it is false. u.s. is punishing groups that are trying to fight assad. then there going and joining al qaeda or extremist groups. nermeen: but there supporting the kurdish militia force that is fighting the assad regime. >> the closest ally of the u.s. is the ypg. amy: talk about who they are. offshoot ofly, an the pkk, the kurdistan workers party, which was a group in turkey that has been waging a left-wing insurgency against the turkish government for kurdish rights or decades. in the last three or four years, they have expanded sure nearly rapidly in syria. they have set up councils all across northern and eastern syria. they become the main partners of the united states in this battle against isis. the battle for rocco, th