. , thatyou to our guests does it for us. we will see you next week at 12:00 new york time, 5:00 p.m. on london. this is bloomberg real yield. ♪ i'm vonnie quinn welcome to bloomberg markets. ♪ from bloomberg world headquarters in new york, here are the top stories in bloomberg and around the world that we are following. u.s. stocks on the dollar sinking today as investors assess the expansion of an investigation into president donald trump's russia ties. banks made this much in quarterly profits. the country was on the brink of financial collapse. plus, general electric shares plunged to the lowest levels in almost two years. a look at the company's weaker as an unit margins executive prepares to depart. abigail, we are halfway through the trading day and getting not much. >> small declines for the major averages on the

back then, it it was new, this thatyou have relationships develop inside the bubble of a presidential campaign. i made a film about it. my relationship with president bush became sort of this magical thing because i came from a long line of democrats, and he sought me out and decided we should be friends. in a coming-of-age story of the young, aspiring journalist who learned everything about life i needed to learn on the campaign trail, that is what the film was about. it went on to win awards and started my career as a documentary filmmaker. i have been at hbo, my 11th hbo film, presto go back to my george bush days as the most magical time i have had is a working journalist. when my first son was born tenures ago, the first caller got in the hospital was from president bush who said you have got to bring him to washington, i have got to meet her son. i've always had a beautiful relationship with the bush family. that on a dayth like today because we are celebrating the fourth of july and everyone he talks about the divisions in politics and the like to celebrate the bond people do n

nields: and, my question to you is, isn't it true thatyou continued to send them up to the national security adviserseeking the president's approval? lt. col. north: it is my recollection that i did, yes, sir. mr. nields: and, admiral poindexter never told you, stop sending those memoranda? lt. col. north: i do not recall the admiral saying that. it is entirely possible, mr. nields: that that did happen. mr. nields: well, if it had happened, then you would have stopped sending them. isn't taht true? lt. col. north: yes. mr. nields: but, you didn't stop sending them. you justtestified you sent them on five different occasions. lt. col. north: i testified that to my recollection, therewere about five times when we thought we had an arrangement thatwould result in the release of american hostages and the opening of a dialogue with iran, and that we thought the deal was sufficiently framed that we could proceed with it. and, that i thought, because i don't have those records before me, that i had sent memoranda forward, as i always did, seeking approval. that's what i think, and that's what i re

stories thatyou to i think are indicative of chicago politics. phrase pay to play, if someone wants to receive business or grants from state government you better be a campaign contributor. in histhe things in his political record that he is most embarrassed about is $10,000 and contributions he received from a cell site active or -- activist named jesse -- who was sent republican nominee challenging him in 1998. after that, friends of mr. $10,000 toributed barack's next campaign. earmarks, as we call them here in washington, number initiatives in illinois, legislators are able to designate funds for particular recipients. group receives a 75,000 dollar earmark member initiative thanks to senator obama. that is paid to play. it is not easy got that it is not illegal. without question it is something that barack is embarrassed to be reminded of. >> is tony brisco out of prison? >> he is out of prison, i was never able to get a response from him. he was a very important political proponent contributor to barack obama, starting in the mid-1990's. pr

into two dollars a day poverty have worked at some point so that's a small piece of this big story thatyou guys are telling . and i'm thinking and i'm wondering if you agree that it turns our conceptions of poverty on their head area most, many americans are poor for many a year, many americans are not poor. and you then find yes, that 86 percent of the volatility and income can be laid at the feet of jobs. just jobs. so if this seems like a fundamental reconceptualization of poverty in america, and its fundamentally seems that it's also, it's also a fundamental reconceptualization of whatit means to work . >> yes. >> i think rachel and i really struck by how the families started fitting into the concepts and categories that we are used to or thought we would be trying to fit them into and then as we wrote the book we spent a lot of time going back and reading michael harrington and trying to understand where the language came from and where thedisconnects were . we could see a new language which was the health sectors. much of harrington books is really still an amazing book. >> i made my

my wish for you guys is thatyous nobody and nobody that you allll know was ever in that situation because the most important thing to point out about that story is i was 24 years old. do i reply in tell her you still have four years and you can still do it? giving up so young i just couldn't believe it. i'm shifting my message from being a change agent the world to don't sweat something like fear rejection or failure for trying out a new dance on the dance floor, writing a book, pursuing a career that you are afraid you are going to fail at. so what? i have failed the several things. doesn't say anything about yousn so i think that's important. what i would say to her and i may reply back to her are some words of wisdom that i haverd heard recently. fade rarely comes upon us at the hour of her choosing. the person said to me in a serious moment i said wow that is really deep. where did you hear that? he said that? she said -- [laughter] so my favorite learning momentgh of that whole story is the inspiration is everywhere. doesn't have to be in a book but a kennedy and a children's cartoon

emergency line.but if there's a life safety for property damage involved then yes please call 911 for thatyou can find that number on our website....kron4 -dot com.maureen kelly kron4 news. ( pam ) if you want to go to see fireworks on the fourth of july.. you have lots of options to choose from. we have put together a list of all the shows in the bay area... it is right on the front of our website. click the link for all the celebrations taking place that day. and don't forget about the big show that night .. right here on kron 4 starting at 9 p-m. ( pam ) you can celebrate july 4th with kron-4. watch live fireworks from around the bay area ..and across the nation .. all from the comfort of your home. 'july 4-th live' kicks off tuesday at 9 p.m. right here on the bay area's news station. a live look outside right now...adlib(pam) let's get our first look at the weather with meteorologist lawrence karnow . lawrence karnow: low clouds and fog hugging the coastline today but there was plenty of sunshine elsewhere. highs today were in the cool 50s and 60s at the beaches but we managed to find 70

thatyou do see his unsecured debt has gone sharply up. then we see that wages are growing at a smaller degree than inflation is rising. inflation is rising, but also sterling. you have decline in real disposable income. domestic not generate inflation measures but inflation is coming from the exchange rate, you have to look at the exchange rate is the right thing to have them or should you stabilize the exchange rate level that that help you stabilize the inflation level. that tells you sterling is getting additional support from the more instructive best of the british government in respect to brexit. i think the bank of england has to take that into account five or six weeks ago after the election rebranded sterling -- we promoted sterling because of this environment. i guess the market slowly gets into our direction. our call for cable his still a valid call. it orne: will they do because they talked it up so much, this is where they kind of wanted, so there is a 50% of something happens this year, and even if nothing really happens, i

menendez: my question is tilt thatyou help balancing that they are doing between china and the united states in our favor? >> the singaporean government, because we have a lot of shared values of democracy and rule of law, they have indicated in many ways that they value our relationship and don't want us to leave. one of the things i think is so important and why i was adjusted in singapore for myself, as someone who is spent a lot of time studying asia, i look at singapore and the entire region as critical to national security. if others conclude we are not interested in being an indo-a power.is -- pacific a lot of the importance of the mission that i would have is not the normal bilateral relationship, but encouraging them to believe that we are there. the fact that singapore is going to be the chairman in 2018, taking on the direction of cyber threats and defense, that is something we can encourage with them. they say if they are looking for a cyber partner, they look to the united states and not others. there are opportunities to increase that security relationship and i hope tha