At 2. 06 on the 10 year yield, but more and more voices calling for more easing or less strengthen the economy, saidding rich clarida, who he would have cut this time around, and kashkari saying a 50 point basis cut is what he was looking for this time around. On earlier,dan fuss talking about 150 sometime this summer or early fall. The chorus is getting louder. Gold is off its highs. It did cross 1400, back at 1391 now. Crude continued backandforth on iran and other actors. Now,10 of 1 gain right 57. 53 on wti. Guy you run through some of those big said names. It is the story right now, trying to figure out exactly what the fed is going to do next , and a cut by how much. The fed vice chair Richard Clarida speaking earlier to bloombergs tom keene, telling him in an excuse of interview that the argument for cutting rates is getting stronger. Clarida there was broad agreement around the table that the case for providing more accommodation has increased since our may meeting. Clearly, we are going to be looking and be very attuned to the incoming data flow. Guy lets get another take on this. Assetheets, chief strategist at Morgan Stanley, joined us at london. You have got 50 basis points priced in now. At what yourised . Ave generated internally where do you think the market is right now . Guest we are calling for a big cut. We are now expecting the fed to go 50 basis points as soon as the july meeting. Move, wet is a large had them while that is not a large move, we had them pausing before. Isaac there is pressure for the market that they dont want to disappoint, and the market is increasingly difficult to get ahead of it is increasing the difficult for the fed to get ahead of the market. Guy so you get 50 basis points delivered next meeting. The market is going to go all right, thank you very much. We will have a bit more of that. How does the fed communicate cutnd a 50 basis point that gives flexibility after that . Andrew the market may think they will continue to go after that, so that is more curve steepening. The thing that will be key is what type of curve steepening is that. You look at history and market performance, when the curve is steepening and yields are falling, that has been very bad for markets. Thathas been but much has been much more consistent with price action turns around 2001. If the curve can get steeper with long yields up, create the confidence that longerterm growth is going to be better because of the easing they are doing now, that would be more consistent with stronger post fed performance. It is not just about is the curve going to be flatter or steeper. I think how the curve is flatter or steeper is going to be very important and what we are getting out of the fomc. Vonnie i have to ask what a 50 basis point cut would do. Clearly there are people out there that want it, kashkari being the most vocal right now. Negative yielding debt has just topped 13 trillion in the world. We added 1. 2 trillion of that this week. How is that going to help boost Global Growth . Andrew i think something to keep in mind is the ability of rate cuts to boost growth is limited. They work with a lag, and because the increases we are talking about here are small compared to other factors. You have big uncertainties related to trade, related to Business Confidence. Demarcus the Morgan StanleyBusiness Confidence index had one of its largest declines on record last month. Even think back to 2001. The fed cut by 50 basis points by 25times, and also cut basis point increments in between that, and you still had pretty weak growth. The fed cutting by 50 would help. It would certainly create easier financial conditions and support growth, but certainly, by itself, it cannot offset other factors if they choose to become more negative for the Overall Economic picture. Vonnie so why bother . At the margin, as you say, it would help. It is not clear it would do anything very meaningful for the economy, so is there Something Else they can pull out of their toolkit . Can they just continue to say this job is a job maybe for fiscal authorities and not for us . Andrew i think this is actually very important. I think what the fed is trying to do is, if we are right and they cut 50, they are trying to get in front of any sort of weakness, going to Powells Point about announce of prevention the and worth a pound of cure. They dont want to disappoint the market, and clearly the market is already priced for a lot of cuts, but i think something the market is potential he overlooking is potential he overlooking, what is gross doing in the background what is growth doing in the background. I think what markets cant forget is that it would help if the fed cut rates, but it is going to be far more important to see how pmis develop in early july, how the job markets develop. That will be ultimately more important to how the market reacts to the incoming fed actions. Guy how do i position my stock portfolio around all of this . , low bondt many weeks like names have been doing well. I am just wondering at what point that trade rolls off. The spread between those trades and value is super wide right now. Are we reaching the limits, or is there more still to come . Andrew for better or worse, we still think some of those defensive trades in defensive sectors make sense. We are overweight staples and utilities in the u. S. We do think you can get a steeper yield curve, which would help profit ability. If we think about where some of the banks are priced, we think they are already priced for a quite weak growth outcome. I think it is in europe were some of the case for changing style is stronger. Devaluations are far more extreme among european quality and defensives. You have seen a really extreme reading that has since started to bounce. You could argue we have seen the lows there. That could argue for stronger rotation eventually towards value in europe. Guy andrew is going to stick around. Andrew sheetz, Morgan Stanley head of cross asset strategy, staying with us. Vonnie later we will talk to josef kaeser, ceo of siemens. Lets check markets. We are up zero point 5 now on the Dow Jones Industrial average, the s p up 3 10 of 1 , and the nasdaq up 1 4 of 1 . This is bloomberg. Vonnie some breaking news now. Reuters is reporting that the Commerce Department has added five chinese entities to its blacklist. This would be on top of while way of huawei. It is fascinating because we know how much huaweis addition to the blacklist roiled tensions between the u. S. And china. It seems like we have had a nice bounce for the s p 500, nasdaq, and he Dow Jones Industrial average, all up fractions of once percent all up fractions of 1 right now. The bloomberg first word news update. Here is courtney donahoe. Courtney President Trump says he called off retaliatory strikes against iran because they would not have been proportionate. The intended targets would have been three strikes related to launched that struck an unmanned drone. Secretary. Defense ash carter said the u. S. And iran do not seem to be on the path to unintentional war, but that does not mean trouble is out of the question. Our forces are really up against each other. We have tens of thousands of forces in the gulf, it only takes a few minutes for something to develop very quickly. Courtney he added if there were to be an Armed Conflict with iran, he is confident the u. S. Would prevail, but no but he wants that. Nobody could want that nobody wants that. Nobody could want that. Hasese president xi jinping concluded his first visit to north korea, saying that they have made improvements on improving the economy and the lives of north koreans. Global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im courtney donahoe. This is bloomberg. Vonnie thank you. Lets check Global Markets now. It appears we have seen a pretty big bounce. Lets get to abigail doolittle. Abigail we do have the major averages here in the u. S. Modestly higher. The s p 500 and the nasdaq up about 2 10 of 1 after trading lower earlier. Investors perhaps following through on this weeks rally. In the asian session, the nikkei gave up some of the gains seen on the week, but overall, big gains for the equity indexes around the world. In the bloomberg, there is reason to think it will continue , at least on the s p 500. This is a chart over the last year and a half, a battle between the bulls and the bears over trade uncertainty. Right now we appear to be confirmed for a move higher, up 3600. S lets take a look at oil and gold, both on pace for their best week since 2016. Out baker , helping hughes. Gold is up 3. 9 on the week. That is seen as a hedge potentially on the possibility of inflation far out. The commodityng complex, the dollar. This is a oneyear chart of the dollar index. Beautiful uptrend over the last year, but a stall on the day, trying to hold onto that 200 a moving average. If it closes below that moving average, there could be weakness for not just stocks, but also the mati complex. The commodity complex. Guy thank you very much. Lets get some more insight into the global economy. We are going to talk to one of we are going to talk to the head of one of the largest Trading Companies in the world, joseph kaiser, siemens ceo. Can you give us a sense of what you are seeing in your numbers in the sense of a trade war between the u. S. And china right now . Are you seeing your customers cutting back . Siemens, the u. S. Is our number one country, and china is number two, so this is obviously of concern to us. With our customer base, what we see today is they are mindful about the geopolitics and the geoeconomics. There is some slowdown in the global economy. We can see it in both areas, and we are very mindful about it. Josef how are you changing what you are doing as a result of that . How are you changing what you are doing as a result of that . Customerslook at our come a very strong in the medical sector and information, people are looking for value, productivity, and information so we can help make products positive ande stay continue to invest. But obviously, there is no doubt that geopolitics today is one of the major factors on comic growth factors on economic growth. We are unsure of what happens in the immediate future. Vonnie exactly, so when you have board meetings or are sitting in your offices and thinking about what to do, how are you modeling what is going on now between the u. S. And china, between the u. S. And europe, and the other tensions like what is happening between the u. S. And iran . Josef i think the only way to race onof this rat geopolitics, who is going to be the number one in the world in the future, the only way to look at this in the long term yourngful manner is innovation and production in the United States today, we have cut more than 22 billion on revenue. We are a net exporter from the United States into the world. We are doing business in 50 people areost 60,000 customers in the u. S. Similar in china, about 40,000 people. So localization and local innovation is the key to counter unilateral methods on global trade. Vonnie at the same time, you have to cut jobs. The gas and Power Division has recently seen 2700 job cuts, is muchnd for turbines lower than the capacity for building them. Do you see future cuts coming at siemens . Josef we are hiring about 35,000 people each year. What we look at in siemens, there are three major businesses. One is the Power Generation and energy business, which is on cutting back on electricity and oil and gas. Then we have the industrial automation, where siemens is by far the world leader. Describing it as the Fourth Industrial Revolution it comes to automation and software. And then we have health care. You have three different businesses in a big company, and what i am trying to do now is focus those businesses to the markets. We have been splitting the industrial siemens and siemens power, so we bring the power to the market. It is a unique commendation of businesses. Within power, we got the traditional Power Generation, the Renewable Energy company, and we have the transmission in oil and gas. Nobody else has that. So we are not carving out anything or letting something go. We are creating new, strong companies. I believe this is what matters in the future. Youve got to be focused. It got to be right on the market, right on the customer, right on technology, and right on localization. This is how you go about turbulence in geopolitics and geoeconomics. This is, at the end of the day, what matters. Guy i just got back from the paris air show. I had a lot of conversations about how we are going to cranes in ther aviation sector. You got rid of that business and sold it to rollsroyce. I am curious as to why. Everyone is focusing on it within that industry. Weve been the pioneers and electrifying Propulsion Systems on aviation. We are working together with Many Companies like airbus, to put it together into concepts. ,e developed it from scratch and it was brought out of the woodwork, so now we have a system that needs to be developed. The reason we are looking for partners to give it to, but still ro with them, we did not want still grow with them, is we did not want to become competitors to our customers. We have been doing a lot of withng on that front rollsroyce, and they are now developing the Propulsion Systems. We help them with that with the components to deliver. So we tested it, we know how it works, we can help you, but now it is on the turbine makers to bring in and supply them. Guy it is going to be a huge challenge. I suspect they are going to have to deal with that, but as the industry develops, the event the demand is going to be there. Thank you for spending time with us today, josef kaeser, ceo of siemens. Lets turn back to enter sheets to get his take on what joe kaser had to say. He is watching what is happening with the global economy. He is thinking about how he repositions assets. That is hard evidence that this trade war is having a real effect in the real economy. Andrew i think it is. That is what some of our economists see in slowing data. That is what comes out of capex. Whatever you want to say about this latest trade tension increase, i think it was very unexpected not just by traders, but by companies. Everyone saw this moving towards some positive conclusion as of april, and then it broke down. I think that clearly affects confidence and spending. I think we are going to learn a lot more in the secondquarter quarter earnings that come out in mid july. Our forecast for u. S. Earnings are probably below, where i think the street has things more broadly. Guy andrew, stick around. Still more to come from entry sheets, chief Morgan Stanley asset strategist. Vonnie i am just checking siemens stock price right now, and it is trading lower in germany, albeit on a down day. It is down about 6 10 of 1 . Function gtv on bloomberg allows you to browse all of the recent charts featured on bloomberg tv. Catch up on key analysis and save your favorites for future reference. This is bloomberg. Guy two minutes to go until the here inegular trading london. The dax and cac down by similar amounts. It has been a strong week for european equities. Most of the markets are wrapping up what has been a pretty solid week. Today a slightly weaker pound coming up towards the end of the day. That doesnt really explain what we seen with the ftse 100. The outperforming sector today in europe definitely the oil and gas sector. That sector has been a bit of an under performer, starting to be the edges to turn around a little bit. We are counting you down for the close here in europe. This is bloomberg. Guy 30 seconds away from the end of regular trading in europe. A negative session but not down that much. We are near session lows. You can see the scandinavian market, i think they are closed. It is mid summer, it is a holiday in the scandinavian region. Understanding, given what they have through the winter. 2 , justown beginning to nosedown more. 3 , the cac 40 down similar amounts. Lets break it down from a sector point of view and show you where we of been in europe. Oil and gas has been another r performer debt beginning we are waiting to see what will be happening with the opec meeting. The grr function showing you what is going on with that story. We have grr trading positively for oil and gas. At the bottom end, you have some of the other sectors trading a little bit negatively. Oil and gas, utilities, retail, insurance, a quick look at the bottom end of the market. Some of the more cyclical sectors travel and leisure continues to fall. Health care is trading lower. Media is the underperformer. Banks are down, Technology Trading weaker. The avatow you function on the stoxx 600. That line is the 30 day average and as you can see the white line taking higher as we saw those expirings early on in the session. That is look at the european close. Vonnie quadruple witching today. Chatting with our andy cinko in princeton who talks about the big fluctuations you can see. More so at the beginning and at the close of trading. We did get one where we saw the , nowo from flat to up moderating up to more than. 1 . This is even after we saw the Commerce Department just added five more companies to its blacklist. This is another escalation of the u. S. China trade tensions. The 10 year yield, 2. 06 . We will keep a close eye on the 10 year yield given what fed officials are saying. Individually and even on the websites, this will be the first i have seen a beneficial come out and published a dissenting view from the meeting. For kashkari also looking 50 basis points. It is interesting that a couple of days following that we are getting more and more chatter. Gold is headed toward 1400 again. We did by passporting hundred and go below it. Crude oil is up, crude oil is off the high but still up. 9 . Lets look into the s p 500. Real estate, oil and gas, a similar situation to europe. Railroads are leading the game. Generalnt banking in with a few basis points move in the 10 year is recovering today, having dropped yesterday area if you look at the underperformers, you will see it is kroger that is one of the worst performers in the s p 500. It is the only member of that index at the bottom of the s p. The other groceries are coming for kroger. Coming up later this hour, well be speaking with wynn resort ceo. , will beino in boston talking to him about china tensions. Guy absolutely. President trump says yes call up retaliatory strikes on three iranians try to because the action would not have been proportional to the downing of a navy drone. In a series of tweets, he said when he was told the attacks wouldve killed 150 people, he stopped them. Joining us now is Bloombergs National security reporter. This sounds like a very curious situation. How do we find ourselves in a situation where we had aircrafts in the year and then the president was briefed on what the casualty count would look like . The sequencing seems curious. Nick that is something we are trying to figure out. The administration is saying the aircraft were not actually in the air when the president called up the strikes. What you are seeing more broadly is the tension in this administrations foreignpolicy that is fascinating to observe. You have trumps advisors, chiefly john bolton and mike pompeo, who are quite hawkish and believe the u. S. Needed to send a firm message to iran that such action like shooting down the drone would not be tolerated. President whothe Just Announced the opening of 2016ampaign for 2020, in he campaigned on the idea he would not bring the u. S. Into more costly wars overseas, more foreign interventions. He would get out of those entanglements, not get into them. It is an president , interesting fact he was only told a few moments before that the death toll would be so high. Where he doession not want to take this action in violation of promises he made before the election. Vonnie it seems like National Security advisor john bolton have the president s ear for a moment. How concerned should we be that john bolton is more at odds with the rest of the security staff and that he does sometimes get the president s ear . Nick President Trump put john bolton there for a reason and there is an element to john boltons personality he likes. He likes the unpredictability, the top line john bolton projects backed up by the secretary of state. That is something the president likes to have in his cabinet and among his advisers. There is also a tension in the president himself. While he did campaign of not getting into foreign entanglements, he has repeatedly, well before john bolton was there, issued threats against iran. Saying do not mess with us, you have made a big mistake. Never threaten us again. Is way to think about this these are all negotiating tactics. What the president really wants is a new deal with iran. These move cc as an element of negotiation to achieve that deal. We have to leave it there but our thanks to you. Bloombergs National Security reporter. Finalets get a quick thought from andrew sheets, joining us from Morgan Stanley. We have a situation developing with trade, a situation in the persian gulf, yet the fed is looking to cut rates. Does that side of the seesaw trump all else . Does it mean investors can keep on doing what they are doing . The fed is cutting, it is all clear . W markets think so, we do not think so. Of signs not all is clear even as the s p makes new highs. Guy we will leave it there. Short and sweet. Andrew sheets joins us from Morgan Stanley. A quick look at the markets in europe. We have faded into the close but picked up a little bickering the settlement. The ftse 100 finishing down. 2 . The dax down to. 1 . A similar story for the cac 40 in paris. If you want to carry on the market coverage, it has been quite a week. You can do so on dab digital radio, the cable show will be on air at the top of the hour. Jon ferro will be joining us in new york, i will be joining him in london. This is bloomberg. Vonnie welcome to our bloomberg tv and radio audiences. Resorts is opening Encore Boston harbor. The resort will be bostons first casino. Here to tell us all about it is wynn resort president and ceo, matt maddox. Tell us why this will be in addition to the boston economy. Matt good afternoon and thanks for having me. On sunday we will be opening a 2. 6 billion integrated resort, fivestar, right in the hot right in the heart of the boston metroplex. It will be one of the first integrated resorts in a major metropolitan area in the United States. We are excited about the drop from international customers, regional customers, and people from all over the country. We think it will be a great tourism asset. Vonnie to some extent it is a little bit of an experiment. It is the first in a regional area like this. The stock of wynn is down 30 yearoveryear. Will this help revenues given that we are seeing some difficulty with china more broadly . Matt it will absolutely help revenues because we do expect it to be quite successful. We go from zero revenue today to full tilt starting on sunday. Our expectation is we will be getting anywhere between 15000 and 20,000 people visiting us on a daily basis. We are already seeing quite large demand from our international customers, both in latin america, south america, and the far east. We are excited about Encore Boston harbor. Curious about this decision is in any way based on future troubles you may perceive in macau as a result of the situation developing between the United States and china . Matt not at all. We started this project seven years ago. I found this land seven years ago. It was november of 2012. We been working at this for a long time. It is part of our diversification and Growth Strategy to target major cities around the world, not just in the United States but continued growth in japan, continued growth in macau, where we are quite optimistic on the future of the greater bay area and our position there. Guy are you confident he will get your license renewed in 2022 . I know it has been extended. Read the tea leaves. Matt we have great relationships in macau. We are a great partner to the government. We employ over 13,000 people. We are not in the Technology Business or some of these other businesses that have more tension. We are in the business of fun and tourism. One of the goals of the greater day region is to create more tourists destinations and transfer macau into a global destination. I think wynn resorts is wellpositioned to help the government achieve its goals. Revenue75 of wynns comes from macau and 25 from las vegas. Some now from boston. Im interested in your talks with mgm. Now . Are those talks Encore Boston harbor is not for sale. We have been working on this strategy for a number of years to expand our footprint in major metropolitan areas. Those talks were seized before they started were ceased before they started. It is not for sale. We are excited to be here. Vonnie what will be the next regional area you will attempt to open . Presumably this is a new frontier. After boston, where are you setting your sites . Matt we are continuing to focus on our growth pipeline in las vegas, where we are opening a new convention center, a new golf course and a new nightclub within the next nine months. We are refurbishing our downtown casino in macau with a hotel tower and new casino, additional retail and restaurants that will be opening at the india the year. We are at the end of the year. We are working on a japan strategy. As other states look at what we have been able to accomplish in massachusetts, i think there will be a real desire to have our products in major metropolitan areas, not just in the United States but around the world. Over the next decade, this will be our calling card as we continue to expand our company. Guy do you think you are perceived as being american in macau . Do people look at your brand, chinese consumers, do they see you as american . Matt i think they see us as high quality. We are 13,000 people strong. We are largely a local labor force. We are known for high quality, we are known for great product. I do not think we are known for nationality. Looku go to macau and you at the 50,000 people between our properties that will visit on a weekend, we get a disproportionate amount of the premium end of the premium customer and that is because of the product and service we offer. That is what we are known for. Was there any affect on the business, can you see this as a in the numbers of dirt what is happened in hong kong with the protest . Matt we have not seen that quite yet. It is hard to say. Those events, and go and people do enjoy coming to our properties, a lot of times is a break from their daily lives and a break from a vence what is going on in hong kong, just get out and enjoy themselves. We are not seeing anything in the last week or so, but we are watching it carefully. Vonnie boston is home of great sports teams which i will not mention because we do not need to give them extra publicity. Im curious as to how much Sports Betting will form a part of your strategy. How much revenue to anticipate from Sports Betting alone . Matt currently it is not legal in the state of massachusetts. I know it is a proposal that is being discussed in the state. Assuming that does move forward, i think it will be a great amenity for our property. This is a big sports town and we are catering to that audience. We will be excited that moves forward. Casino in a typical wynn you only account for about 50 of revenue from the gambling or should, a lot comes from entertainment and restaurants. Is that the model you are putting in place year as well . Matt the way we have designed Encore Boston harbor is about the nongaming amenities. When you come into our property, you do not walk into a casino. You walk into a large atrium full of flowers and natural light. We have restaurants flanking it on ice on each side. We have the largest ballroom in the greatest boston metroplex outside of the convention centers. We are catering to the nongaming audiences. That is what drives people to visit our properties. We will have a large casino, that is a big heart of the business. We are doing exactly what we do in the rest of the world with our properties. Vonnie mathematics, when was matt maddox, when resort resident and ceo. Thank you also to our wynn resort president and ceo. And thank you to our radio listeners. Guy lets catch up on the other news we need to know. Here is courtney donohoe. Courtney the revolutionary guards Aerospace Division said iran had warned the aircraft several times before launching a missile. He added that iran collected debris from territorial waters. The u. S. Says the drone was in International Airspace when it was shot down. Gasoline futures jumping the most in three months after todays fire at a Philadelphia Oil refinery. The blast was so large and so hot that it was captured from space and satellite infrared images. Youll notice the red dot that appears in the middle of the screen. No injuries were reported at the Philadelphia Energy solutions complex. It produces 335,000 barrels a day, making it the largest plant on the east coast. Growersonal Corn Campaign has launched an Advertising Campaign on President Trump favorite news station. The spots on fox are intended to step up the pressure on the white house to curb exempting Oil Refineries from biofuel requirements. They will continue airing in the next week. Sales of previously owned homes rebounded in may to a threemonth high. All regions gained in part thanks to growing Interest Rates and a lower labor market. Sales plunged from a. What really revised rates. Rose from sales price a year earlier. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. I am courtney donohoe. This is bloomberg. Vonnie thank you. Coming up, it is our global battle of the charts. This is bloomberg. Vonnie it is time for our global battle of the charts. You can always see these charts on the bloomberg. Just run your gtv. Kicking things off is jessica summers. Jessica i wanted to take a look at the oil options market. Traders are becoming less bearish on brent crude. You can see this queue, you can see these queue you can see the skew. Has eased off of the parish level we saw in may, heading more towards a bullish bias. Brent up more than 4 this week. Citigroup came out and said it these brent surging to 70 this summer. We may expect a further crude rally. You can find by chart on the bloomberg at gtv. Vonnie very nice, jessica summers. Guy, beat that. Guy i will beat that with iron ore. If you want to see the star performer in the commodity space, you can forget oil, you can forget gold. Where you want to focus is and what is happening in the iron ore market. What i have is a chart of inventories. This is portside inventories in china. Theyve been falling for the last 11 weeks. We have not seen that for the last four years. What we are seeing is a real squeeze on inventory in china. That is going to be manifesting itself in terms of the price. This is why a lot of analysts are expecting iron ore to be the outperform or this year. You also have supplied concerns feeding into this. You have demand story and supply concerns. Is already downgrading its expectations for iron ore production. We have seen the issues in brazil this year. It has already downgraded its expectations for iron ore production. This week we said we would not make sure not make those numbers either. If you are looking commodities that could outperform, yes, you could look at gold, you could look at jessicas group market. Where i would suggest your look you look is iron ore. On gtv find that chart. Vonnie it was an excellent presentation and argument. Im finding it difficult. Jessicas was also good. I may have to send this one to the control room. Control room, we have a problem. We have a friday tie. The control room is allowing a tie. Congratulations, jessica, congratulations guy. Two winners. Lets take a close look at the market. Westin will bed speaking with a prominent advocate for impeaching President Trump. He joins balance of power. The u. S. Markets are staying rather calm. The s p has a raised its gains. The nasdaq is down. 2 . We should expect volatility into the close today. It is quadruple witching. Balance of power coming up with tom steyer among the guests. This is bloomberg. David david from bloomberg World Headquarters in new york, im david westin. Welcome to balance of power, where the world of politics meets the world of business. On the brief today, Kevin Cirilli from the white house on the continuing tensions with iran. Anna anderson on the democratic president ial candidates on their way to a fish fry. Kevin, we have reports the president ordered an attack on iran and pull it back. Now we hear he will go to the un security council. Tweetingesident trump he decided against a retaliatory attack against iran after iran shooting down that unmanned u. S. Drone. The president saying there would be a disproportionate response should he attack and use airstrikes to do so. This comes at the time in which the administration is saying they are pursuing going to the un security council. At whichat a time lawmakers are openly debating how the u. S. Ought to respond to