1 00:00:03,080 --> 00:00:07,680 Speaker 1: Broadcasting live to New York, Bloomberg to Washington d C, 2 00:00:07,880 --> 00:00:13,160 Speaker 1: Bloomberg to Boston, Bloomberg twelve monitors to San Francisco, Bloomberg 3 00:00:13,240 --> 00:00:17,760 Speaker 1: n to the country six Channel one, and around the 4 00:00:17,800 --> 00:00:21,520 Speaker 1: globe the Bloomberg Radio Bust and Bloomberg dot Com. This 5 00:00:21,680 --> 00:00:26,120 Speaker 1: is blomberk Surveillance. Good morning for Washington d C. Michael 6 00:00:26,160 --> 00:00:29,960 Speaker 1: McKee and Tom Keene a very special edition of Bloomberg 7 00:00:30,080 --> 00:00:33,840 Speaker 1: Surveillance this morning, as we keep track on of what's 8 00:00:33,840 --> 00:00:37,000 Speaker 1: going on in Washington and around the world in the 9 00:00:37,000 --> 00:00:40,120 Speaker 1: wake of the British decision to leave the EU. We 10 00:00:40,200 --> 00:00:42,560 Speaker 1: can tell you markets are lower. The foot see training 11 00:00:42,560 --> 00:00:44,680 Speaker 1: down a hundred twenty five points now the pound going 12 00:00:44,760 --> 00:00:48,640 Speaker 1: for one thirty one sixty six are economic indicators brought 13 00:00:48,640 --> 00:00:51,440 Speaker 1: to you by SEI. In the future, the asset management 14 00:00:51,440 --> 00:00:54,720 Speaker 1: business will be profoundly different. Find out how seis global 15 00:00:54,760 --> 00:00:58,160 Speaker 1: operating platform can help you navigate the new operational frontier 16 00:00:58,480 --> 00:01:02,160 Speaker 1: at s e i C Com slash imagine. Vinny del 17 00:01:02,280 --> 00:01:07,080 Speaker 1: Judai says word on trade in the US, Mike, let's 18 00:01:07,120 --> 00:01:09,800 Speaker 1: the merchant guise trade deficit from May. We're waiting for 19 00:01:09,840 --> 00:01:12,000 Speaker 1: the number. For some reason, it's not out yet. But 20 00:01:12,080 --> 00:01:14,440 Speaker 1: let me tell you the forecast fifty nine point five 21 00:01:14,480 --> 00:01:17,280 Speaker 1: billion dollars that would be wider than the prior month 22 00:01:17,400 --> 00:01:20,280 Speaker 1: May versus April. We'll get the full trade report and 23 00:01:20,360 --> 00:01:23,640 Speaker 1: goods and services July six at the Bloombert First Word 24 00:01:23,640 --> 00:01:27,160 Speaker 1: Desk Company Del Judais. Let's go back to Washington, all right, Well, 25 00:01:27,160 --> 00:01:29,520 Speaker 1: we'll keep it eye Vinny on that number. For some reason, 26 00:01:29,520 --> 00:01:31,360 Speaker 1: as you mentioned, it is delayed as supposed to be 27 00:01:31,360 --> 00:01:34,759 Speaker 1: out at eight thirty this morning, and it uh, here 28 00:01:34,760 --> 00:01:37,000 Speaker 1: we go. We've just got the number. It is sixty 29 00:01:37,040 --> 00:01:40,400 Speaker 1: point six. So it is a deterioration from the month 30 00:01:40,520 --> 00:01:44,920 Speaker 1: of April, which was fifty five. The merchandise trade balance 31 00:01:45,360 --> 00:01:49,240 Speaker 1: widens to sixty point six billion, and that is generally 32 00:01:49,280 --> 00:01:53,920 Speaker 1: seen as a drag on the overall level of the economy. 33 00:01:54,000 --> 00:01:57,800 Speaker 1: But we will keep you informed as the quarter goes on. 34 00:01:57,840 --> 00:01:59,800 Speaker 1: It's the first number of the quarter, first trade number 35 00:02:00,240 --> 00:02:05,520 Speaker 1: of the quarter. Tom, Well, let's to talk about this morning, 36 00:02:06,160 --> 00:02:08,680 Speaker 1: and I think one thing, one person to catch up with. 37 00:02:08,840 --> 00:02:11,440 Speaker 1: We could have like four different interviews of Gary Gensler. 38 00:02:12,120 --> 00:02:16,639 Speaker 1: I mean, he's he's he's the democrat or the supporter 39 00:02:16,680 --> 00:02:21,440 Speaker 1: of Democrat policy, where Republicans lean forward and listen just 40 00:02:21,560 --> 00:02:24,720 Speaker 1: to find out what's going through his brain. Go through 41 00:02:24,800 --> 00:02:28,400 Speaker 1: his careers here quickly ce FTC. We know that public 42 00:02:28,440 --> 00:02:32,440 Speaker 1: service at Treasury, uh to to extensive that and now 43 00:02:32,520 --> 00:02:35,880 Speaker 1: I guess it's a public service for Republicans or Democrats. 44 00:02:35,880 --> 00:02:41,040 Speaker 1: He's providing continuity and intelligence to the former secretary of State. 45 00:02:41,639 --> 00:02:46,640 Speaker 1: Good morning, Gary Gensler, What are you doing for Mrs Clinton? Tom? 46 00:02:46,639 --> 00:02:49,760 Speaker 1: Thank you so much for having me back on your show. 47 00:02:50,040 --> 00:02:54,400 Speaker 1: I well, Uh, she's running for president, as you know, 48 00:02:54,680 --> 00:02:57,600 Speaker 1: and uh, I think she'd be the terrific uh as 49 00:02:57,639 --> 00:03:02,280 Speaker 1: aforting fifth president and her campaign's chief financial officer. That's 50 00:03:02,280 --> 00:03:07,000 Speaker 1: getting more it's really getting getting more mission for the money. 51 00:03:07,080 --> 00:03:11,440 Speaker 1: I mean, all of these wonderful supporters, small dollar donors 52 00:03:11,520 --> 00:03:15,239 Speaker 1: and and and and even larger donors want to ensure 53 00:03:15,280 --> 00:03:22,200 Speaker 1: that their money is invested well and robust. Uh campaign. Right. So, Gary, 54 00:03:22,280 --> 00:03:25,040 Speaker 1: are you the one that tells the intern from Georgetown 55 00:03:25,600 --> 00:03:29,160 Speaker 1: that after taxes, room board and fair, they made twelve 56 00:03:29,200 --> 00:03:33,680 Speaker 1: dollars this month? Are you the one that tells them that, well, 57 00:03:33,720 --> 00:03:38,880 Speaker 1: I'm I'm involved in uh whatever campaign manager Robbie Muke 58 00:03:38,920 --> 00:03:41,640 Speaker 1: wants me to do. But it's really a largely what 59 00:03:41,720 --> 00:03:44,840 Speaker 1: a chief financial officer does. And UH, We're trying to 60 00:03:45,920 --> 00:03:51,000 Speaker 1: put as much of the Secretary Clinton's message out before voters, 61 00:03:51,040 --> 00:03:53,800 Speaker 1: and that's getting people in the field in the battleground states, 62 00:03:53,840 --> 00:03:56,680 Speaker 1: as well as ensuring that we've got the right analytics 63 00:03:56,680 --> 00:04:00,560 Speaker 1: and data and of course have some re sources to 64 00:04:00,600 --> 00:04:05,040 Speaker 1: put advertisement on radio and TV. What is the discussion 65 00:04:05,120 --> 00:04:10,360 Speaker 1: inside the campaign post Brexit Europe Former Goldman Sachs executive. 66 00:04:10,440 --> 00:04:13,080 Speaker 1: Hillary Clinton was a senator from New York who was 67 00:04:13,560 --> 00:04:16,880 Speaker 1: seen as very friendly to Wall Street and yet now 68 00:04:16,920 --> 00:04:20,120 Speaker 1: you've got this political earthquake shaking people up. The possibility 69 00:04:20,560 --> 00:04:24,440 Speaker 1: maybe the resentments on the against the banks are still 70 00:04:24,480 --> 00:04:29,440 Speaker 1: out there. UM. I think that what it reminds us 71 00:04:29,480 --> 00:04:34,680 Speaker 1: of again is the need for calm, experienced leadership in 72 00:04:34,839 --> 00:04:40,760 Speaker 1: times that it can be volatile. And Uh, the the 73 00:04:40,800 --> 00:04:45,080 Speaker 1: public in the United Kingdom decided, uh this past week 74 00:04:45,120 --> 00:04:48,720 Speaker 1: to leave the European Union, and as you saw markets 75 00:04:49,000 --> 00:04:54,480 Speaker 1: uh moved dramatically. There's a significant uncertainty and it's a 76 00:04:54,600 --> 00:04:58,160 Speaker 1: time for the experience of a Secretary Clinton rather than 77 00:04:58,200 --> 00:05:03,320 Speaker 1: as we saw Donald Trump at a golf course in Scotland, UH, 78 00:05:03,360 --> 00:05:07,200 Speaker 1: really talking about Brexit, something that might advantage him in 79 00:05:07,440 --> 00:05:11,800 Speaker 1: his UH worldwide holdings, in his golf. Everybody knows that 80 00:05:12,480 --> 00:05:15,240 Speaker 1: Hillary Clinton was Secretary of State and that she's got 81 00:05:15,279 --> 00:05:17,200 Speaker 1: a lot of experience, et cetera. How do you deal 82 00:05:17,279 --> 00:05:20,480 Speaker 1: with the perception that and he Trump is certainly trying 83 00:05:20,480 --> 00:05:23,159 Speaker 1: to encourage it, that she is too friendly to the 84 00:05:23,160 --> 00:05:25,440 Speaker 1: big banks, to Wall Street at a time when the 85 00:05:25,520 --> 00:05:31,360 Speaker 1: vox popula is we don't like bankers um. Secretary Clinton's 86 00:05:31,440 --> 00:05:36,440 Speaker 1: laid out a very robust plan UH for ensuring that 87 00:05:36,520 --> 00:05:40,920 Speaker 1: Wall Street never again gambles with taxpayer dollars and puts 88 00:05:41,080 --> 00:05:44,400 Speaker 1: the main street at risk. We have to go beyond 89 00:05:45,040 --> 00:05:49,120 Speaker 1: the very strong reforms put in place by President Obama. 90 00:05:49,200 --> 00:05:53,440 Speaker 1: And what's a reform plan called dot Frank and ensure 91 00:05:53,600 --> 00:05:56,280 Speaker 1: that a note bank is too big to fail and 92 00:05:56,279 --> 00:05:59,920 Speaker 1: and and individuals have to be held accountable, not just corporations. 93 00:06:00,320 --> 00:06:03,800 Speaker 1: Too often it's the other way around. One of the 94 00:06:03,839 --> 00:06:06,040 Speaker 1: great things about you is people think you're an elite. 95 00:06:06,040 --> 00:06:10,440 Speaker 1: The fancy education, the fancy golden sex. You started out real, 96 00:06:10,520 --> 00:06:13,800 Speaker 1: real basic. How does for that matter? Mr? Trump? But 97 00:06:13,839 --> 00:06:18,880 Speaker 1: how does Secretary Clinton speak to an American public that 98 00:06:19,120 --> 00:06:22,599 Speaker 1: is worn out by all the gains going to the 99 00:06:22,640 --> 00:06:25,400 Speaker 1: elites like Gary Ginsler. How does she speak to your 100 00:06:25,480 --> 00:06:29,920 Speaker 1: child and well, she speaks, She speaks, I think all 101 00:06:29,920 --> 00:06:34,360 Speaker 1: of our childhoods uh by listening foremost listening to people 102 00:06:34,880 --> 00:06:37,880 Speaker 1: and uh that they don't have enough for their health care, 103 00:06:37,960 --> 00:06:42,039 Speaker 1: they don't have enough for their college. That we have 104 00:06:42,160 --> 00:06:44,800 Speaker 1: a robust plan and need to do more to ensure 105 00:06:44,839 --> 00:06:49,120 Speaker 1: that college is debt free. Um. And she speaks to 106 00:06:49,200 --> 00:06:52,719 Speaker 1: him to ensure that in the workplace that everybody gets 107 00:06:52,760 --> 00:06:55,440 Speaker 1: a fair shake and it's not just the top one 108 00:06:55,480 --> 00:06:59,000 Speaker 1: percent or the corporate executives. Gary guns are wonderful to 109 00:06:59,040 --> 00:07:01,080 Speaker 1: catch up with you. Really, we look forward to speaking 110 00:07:01,120 --> 00:07:04,480 Speaker 1: to you. Is a campaign unfolds. Mr Gunsler is the 111 00:07:04,520 --> 00:07:09,080 Speaker 1: chief financial officer of Secretary Clinton's campaign. Michael McKee and 112 00:07:09,080 --> 00:07:12,000 Speaker 1: Tim Keene were getting ready for a conversation with Alan 113 00:07:12,000 --> 00:07:18,800 Speaker 1: Greenspan from Washington Bloomberg's surveillance. All right, let's check out 114 00:07:18,840 --> 00:07:21,240 Speaker 1: with Michael Barr and get the latest world in national headlines. 115 00:07:21,320 --> 00:07:23,680 Speaker 1: Michael finke time, Thank you very much. The Supreme Court 116 00:07:23,720 --> 00:07:26,440 Speaker 1: plans to close out its current term with opinions today 117 00:07:26,560 --> 00:07:30,240 Speaker 1: in three cases the justices. The last three cases concerned 118 00:07:30,280 --> 00:07:34,320 Speaker 1: regulation of Texas abortion clinics, the public corruption conviction of 119 00:07:34,360 --> 00:07:37,880 Speaker 1: former Virginia Governor Bob McDonnell, and a federal law meant 120 00:07:37,920 --> 00:07:39,960 Speaker 1: to keep guns out of the hands of people convicted 121 00:07:39,960 --> 00:07:44,200 Speaker 1: of domestic violence. Officials say two thousand firefighters continued to 122 00:07:44,200 --> 00:07:48,120 Speaker 1: battle of wildfire in central California that has killed at 123 00:07:48,160 --> 00:07:51,720 Speaker 1: least two people and possibly more. About two hundred homes 124 00:07:51,720 --> 00:07:56,920 Speaker 1: have been destroyed, including one belonging to this woman's hard 125 00:07:58,840 --> 00:08:01,880 Speaker 1: I don't wish just a note. Containment on the six 126 00:08:02,120 --> 00:08:06,160 Speaker 1: eight square mile blaze increased from ten. It could be 127 00:08:06,360 --> 00:08:10,080 Speaker 1: busy on the nation's roadways this holiday weekend. Triple A 128 00:08:10,200 --> 00:08:13,360 Speaker 1: estimates tens of millions of road trips this Independence Day 129 00:08:13,400 --> 00:08:17,160 Speaker 1: weekend will help break last year's travel record. Triple AS 130 00:08:17,280 --> 00:08:20,400 Speaker 1: has because of cheaper gas prices. About fourty three million 131 00:08:20,440 --> 00:08:23,880 Speaker 1: Americans will go somewhere this Independence Day weekend, with the 132 00:08:23,960 --> 00:08:27,880 Speaker 1: overwhelming majority driving global news twenty four hours a day, 133 00:08:27,920 --> 00:08:31,840 Speaker 1: powered by more than twenty journalists and analysts and more 134 00:08:31,840 --> 00:08:35,000 Speaker 1: than a hundred twenty countries. Michael bar this is Bloomberg. 135 00:08:35,120 --> 00:08:38,319 Speaker 1: Mike Tom all right, thank you time now for the 136 00:08:38,320 --> 00:08:41,439 Speaker 1: Bloomberg n we see sports update. Here's drop Pushka, Rob, 137 00:08:42,280 --> 00:08:44,400 Speaker 1: Good morning, Mike and Tom. The sweep was not to 138 00:08:44,440 --> 00:08:46,600 Speaker 1: be for the Yanks, who stumbled in a four run 139 00:08:46,679 --> 00:08:49,120 Speaker 1: six inning and route to a seven one lost in Minnesota. 140 00:08:49,240 --> 00:08:52,439 Speaker 1: The stadium. Ethanw Valdi, starting pitcher, on what went wrong? 141 00:08:52,559 --> 00:08:54,000 Speaker 1: You know, I think it was just a two out walk. 142 00:08:54,000 --> 00:08:55,920 Speaker 1: I had an hour. I gotta be able to turn 143 00:08:55,920 --> 00:08:58,280 Speaker 1: the page and continue an attack, and then I hung 144 00:08:58,280 --> 00:09:04,079 Speaker 1: to split two uh closure, and then you know, count 145 00:09:04,880 --> 00:09:08,280 Speaker 1: hung the slidder and then he trailed just one nothing 146 00:09:08,360 --> 00:09:11,160 Speaker 1: at that point. Whovaldi is now six and five homestand 147 00:09:11,160 --> 00:09:14,400 Speaker 1: continues tonight with the first place Texas Rangers in town Ivanova, 148 00:09:14,640 --> 00:09:17,480 Speaker 1: welcoming Chi chief Gonzalez. The Mets dropped to five to 149 00:09:17,679 --> 00:09:20,720 Speaker 1: decision in Atlanta, tough luck loss for Bartolo Cologn, who 150 00:09:20,760 --> 00:09:23,559 Speaker 1: allowed just one run in seven innings. Wilma Flora is 151 00:09:23,600 --> 00:09:26,040 Speaker 1: the only Met with a multi hit game. New York 152 00:09:26,080 --> 00:09:29,319 Speaker 1: heads the Washington to face first place Nationals tonight. Noah's 153 00:09:29,320 --> 00:09:32,360 Speaker 1: synderguard versus Joe Ross And here's a name in The 154 00:09:32,400 --> 00:09:34,840 Speaker 1: Mats signed Jose Reys over the weekend. The thirty three 155 00:09:34,920 --> 00:09:37,200 Speaker 1: year old who started New York for the Mets from 156 00:09:37,240 --> 00:09:40,280 Speaker 1: OH three toleven. He went over three no airs while 157 00:09:40,280 --> 00:09:43,760 Speaker 1: playing six innings at third base for Class A Brooklyn. 158 00:09:43,920 --> 00:09:46,160 Speaker 1: NASCAR was a long time coming for Tony Stewart. He 159 00:09:46,200 --> 00:09:49,480 Speaker 1: captured his first checkered flag in eighty four races, conquering 160 00:09:49,520 --> 00:09:52,720 Speaker 1: Sonoma and on the pitch, Copa America title goes to 161 00:09:52,880 --> 00:09:56,000 Speaker 1: Chile again. They beat Argentina in a repeat of the 162 00:09:56,080 --> 00:09:59,160 Speaker 1: twenty fifteen game, Chile one on penalty kicks. In the 163 00:09:59,200 --> 00:10:01,880 Speaker 1: world's top right player, Lionel Messi said he's tired of 164 00:10:01,920 --> 00:10:04,800 Speaker 1: losing with Argentina. After the match, he's done playing for them. 165 00:10:04,800 --> 00:10:08,680 Speaker 1: That's your NBC Bloomberg Sports update, Mike Tom thanks so much. 166 00:10:08,679 --> 00:10:10,920 Speaker 1: Appreciate that, Mike. The last time we were here, I 167 00:10:10,960 --> 00:10:14,480 Speaker 1: believe we saw a hockey game between the Washington Capitals 168 00:10:14,520 --> 00:10:19,400 Speaker 1: and another team. I can't remember who that was, and 169 00:10:20,000 --> 00:10:22,800 Speaker 1: he didn't look good that game. The Nationals week in 170 00:10:22,960 --> 00:10:26,920 Speaker 1: first place, five seventy nine ball playguard New York Metropolitans. 171 00:10:26,960 --> 00:10:28,760 Speaker 1: We should stay for the I think we should stay. 172 00:10:28,800 --> 00:10:32,000 Speaker 1: Forget about London. Forget about they may be sitting as 173 00:10:32,040 --> 00:10:35,360 Speaker 1: to Paduca next there it is, but tonight, I guess 174 00:10:35,360 --> 00:10:39,000 Speaker 1: Washington and New York a good game with good pitching. 175 00:10:39,040 --> 00:10:40,920 Speaker 1: We have a bid to the market, a sizeable bid 176 00:10:40,960 --> 00:10:44,439 Speaker 1: to the market. Off that negative eighteen futures now negative ten. 177 00:10:44,600 --> 00:10:49,640 Speaker 1: Michael McKeon Tom Keane from our studios in Washington, coming 178 00:10:49,720 --> 00:10:54,239 Speaker 1: up a conversation with Alan Greenspan. This is Bloomberg's surveillance. 179 00:11:00,160 --> 00:11:03,320 Speaker 1: The Italian banks are Italian banks are lower. We're gonna 180 00:11:03,400 --> 00:11:06,040 Speaker 1: talk with Christopher Wheeler about what happens next to the 181 00:11:06,080 --> 00:11:09,640 Speaker 1: global banking system in the wake of the Brexit vote, 182 00:11:10,120 --> 00:11:13,079 Speaker 1: right here on Blooberg Surveillance, Live from Washington.