at the time treasure secretary stephen mnuchin announced the demonstrations decisions to place financial sanctions on venezuela. this is half an hour. >> don't worry john roberts, you have plenty of time. waiting for you. good afternoon everyone. before we start i like to bring up national security advisor, general hr mcmaster and treasury secretary, stephen mnuchin to discuss administration's response in the recent antidemocratic actions in venezuela. they will each make opening remarks and take your questions on the topic at hand. then as always, your favorite time of day, i will come back up and take your questions. thank you. >> it afternoon everybody. i thought it might be best to read the present statement. since president trumps administration, the ministration has called on venezuela's medora regime to respect venezuela's constitution, respect the role authorities of the constitutional national assembly, hold free and fair elections, address the humanitarian needs of the venezuelan people, release political prisoners, and stop oppressing its great people. the regime has refused t

you don't see stephen mnuchin's point? or do you. >> i think if we do an intelligent tax reform, you can get a little bit of boost economic growth, similarly with regulatory reforms. but i completely agree with doug. the notion that we're going to get 3% growth over the next decade is not literally impossible, but probably 1 in 10 or less and not something you should count on given the aging of a population that's both slowing the rate of our economic growth and bringing closer the challenges in social security and medicare. liz: now let me get to the health care draft that has once been float once again. this time, of course, same, by the gop senators. doug, will it score appropriately well, or are you worried about this one still not quite making it and losing a lot of people off the insurance rolls? >> oh, there's no doubt that this revised legislation will still have a huge decline in the number of americans with health insurance. i'm waiting, like donald and others, to see what the cbo analysts ultimately say. but the

mnuchin, we are going to have a lot more on those details when we come back and when you replace one meal or snack a day with glucerna made with carbsteady to help minimize blood sugar spikes you can really feel it. glucerna. everyday progress. when this guy got a flat tire in the middle of the night... so he got home safe. yeah, my dad says our insurance doesn't have that. what?!? with liberty mutual's 24-hour roadside assistance, get a jump, tow, and more - any time of day. switch and you could save $782 on home and auto insurance. call for a free quote today. you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. >> melissa: let's talk more about what secretary tillerson had to say about the meeting. fox news contributor, michael graham is a columnist for "the boston herald," things to both of you for joining us. >> high, melissa. >> melissa: it sounds like they did in fact make progress on syria, they have a cease fire, they talked about the fact that by and large their objectives are the same, but there is a lot of place

last week, stephen mnuchin lay those -- a top exporter and importer, 80% each, is china for north korea. a way forhat to be this white house to continue to pressure north korea for the rise of their nuclear program. we had a speech setting the table for this summit. there are also some tweets in advance of this, including one that dealt with the trade relationship between china and north korea. to what extents do you think those were designed to shape the conversation at the g-20 and hamburg? >> it is a clear message to china, and it does spark some real concern over a trade war. china does not want to use that economic leverage on north korea. they want the u.s. and north korea to talk, and that is the position that will stay with. much, andnk you very to nick and kevin as well. we appreciate it. coming up, republicans in congress held a obama era rule were stripping how broadband companies can use customer data, but the rule might be finding new life in individual states. this is bloomberg. ♪ this is bloomberg markets: the trump economy. let's get a check on some notable movers this

it also paved the way for tax reform for the next treasury secretary stephen mnuchin discussed in washington just yesterday. >> on the business side one of the most complicated system in the world. worldwide income with the deferral is not surprising that trillions of dollars are left overseas. we want to bring back those profits with a lower business rates that companies can invest in america. lori: the house ways and means committee told the hearing on tax reform. the gop budget plan would chirp the increased military spending while cutting benefit programs like food stamps. >> discussing ways to improve trade between the two countries. congress secretary wilbur ross speaking at a luncheon in washington said china needs to take steps to open its growing consumer market. >> they remain serious imbalances which we must learn to write if i. it is time to rebalance with the relationship in a more fair equitable and reciprocal direction. lori: the meeting comes after the top administration unveiled its proposal to renegotiate the north american free trade agreement. the countries manipulating t

stephen mnuchin talked about extending the maturity. locale low long-term yields are. why not sell or 10 year notes are up year bonds while rates are so low? lock in a low interest rate and help make financing debt cheap. traders are saying beware because this could hit the market and cause a lot of volatility. we know after the fed minutes last week when they said this announcement could come soon that at the meeting in september, announced what they would do starting in october, which is one reason there is no change expected from the announcement on wednesday. it will still be 62 billion dollars in quarterly refunding after this announcement. a lot of people are saying nothing will happen or change until november, that refunding announcement. , as oppenheimer funds driveying, echo dat eco-data wl it. traders are bracing. what the fed is doing could be more interesting. >> all right. stay with us. let's bring in the head of asia-pacific fixed income at ubs asset management in hong kong on set. how much should we put into this right now? maybe it is a november event o

mnuchin to a gift this. >> absolutely steve very capable very focused business individual who knows that this type of activity has got to be you know got to be investigated got to be halted. but, again, i go back to we should not be surprised that there are people trying to manipulate the market out there, it has been going on forever, happened inside united states when you know coal are veries natural gas maria this is age-old type of propaganda we need to be smart enough capable enough to stop it. maria: let's talk coal for a second you visited west virginia last week focusing on coal what did you make of the trip what did you learn tell us about coal, and whether or not you can revitalize this area of energy. >> well, the real issue here is the appalachian area, not just coal, but if you are in pittsburgh standing over the maricela shell over the utica formation massive amounts of coal i visiting a plan in long view west virginia, a highly efficient low emission plan one of the most effective plants in the world that is using west virginia, pennsylvania coal. so there is a real f

and his wife, and stephen miller, a top policy adviser and speechwriter. normally they don't tell us who he's spending time with unless there's an important foreign leader visiting. but we asked over the weekend, they usually don't tell us. today they made sure to point out that reince priebus was dining with the attempresident, think that's an attempt to show he's still in the president's good graces. >> thank you, kelly. >>> a major part of the white house shake-up could be due to the russia investigation. attorney general jeff sessions allegedly did talk about the campaign last year with the russian government, according to "the washington post." the conversations were reportedly caught by u.s. intelligence intercepts. last month jeff sessions denied under oath that it happened. if true, it could put sessions' job in jeopardy. that could make critics question the timing of this purportedly. it comes a day after the president jabbed at sessions specifically, telling "the new york times," if he knew sessions was going to recuse himself from the russia pro

stephen bannon had been pushing tax break while steve mnuchin said the story was unfounded. the g-20 wrapped up in hamburg. home havingump flew on trade.n he had his first sit down with vladimir putin, with a a great to a cease-fire in syria. theresa may will call on opposition lawmakers to keep written out of the european month'ster last disastrous election. she is expected to say social and economic reform is needed to make a successful exit. in a side of her weakness, she will call for cross party corporation to deliver it. china's price gains held up in june with factory gates coming in at 5.5%. consumer prices gained 1.5%. despiteemains robust excessive borrowing. controls on building construction could soon way on on demand.weigh the launch of the first futures contract for the commodity since the middle of the 1980's. the london midland exchange for almost half the world's gold changes hands. sinceggest reduction 2016. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: to say that thi

desk mnuchin said the story was unfounded. -- the u.k. prime minister is expected to say economic reform is needed to make a successful brexit. in a sign of weakness, she will call for cross party cooperation to do this. a survey by the british chambers of commerce shows u.k. companies are opposed to britain walking away from talks to leave the eu without the deal. third want the u.k. to stay in the customs union. only 2% said no deal would be acceptable objective. inprising gains held up june, coming in at 5.5%. 1%.umer prices date demand remains robust. analysts think controls on building construction could soon weigh on demand for raw materials. japanese prime minister shinzo approval rating for his cabinet climbed to its lowest ever. point 8%. 39 the lowest since 2012. the reasons given was a lack of trust in abe as a person. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. on the find more stories bloomberg at taco. -- top . weaker yen. australiaid gains in for tenths of 1

and they said the same thing, back in kansas that steve mnuchin is saying now, the tax cuts would pay for themselves and that's not the case in kansas. >> if it doesn't stimulate the rate that you want it to you end up with a bigger deficit and that's a big problem for states. great conversation. wonkier than i usually get to do on tv so i'm thankful for it. jeremy peters, "new york times" reporter and msnbc contributor. >>> still ahead a major step in the war against isis. iraqi troops are pushing deeper into the city of mosul. richard engel will take us inside the fight to reclaim that city. that's up next. you doyou'll see whatet but in you're really made of. after five hours of spinning and one unfortunate ride on the gravitron, your grandkids spot a 6 foot banana that you need to win. in that moment, you'll be happy you partnered with a humana care manager and got your health back on track. because that banana isn't coming home with you until that bell sings. great things are ahead of you when your health is ready for them. at humana, we can help you with a personalized plan for

at the time treasure secretary stephen mnuchin announced the demonstrations decisions to place financial sanctions on venezuela. this is half an hour. >> don't worry john roberts, you have plenty of time. waiting for you. good afternoon everyone.