, next election. If he sees any possibility, he will name a new Prime Minister and ask them to form a government and seek a confidence vote in the parliament. The story behind the scenes is that the Democratic Party and the five stars, which used to be enemies until a few hours ago, are now discussing and awaiting the possibility to form an alternative majority. Essentially wanted the next election to get consensus he has now, he is close to 40 , may be left out of the game. David how ironic. Mr. Salvini may have overplayed his hand. Thank you to Tommaso Ebhardt in milan. Now we go to washington. Lets start with President Trump. What we know about his Approval Ratings . Are people starting to get nervous about the economy . I think people are starting to get a little nervous about the economy. Trumps Approval Rating has stayed exactly the same since the day he was elected. About 43 of americans approve of the job he is doing. That should be in itself a warning sign about his reelection. The last three president s to win reelection did so with a positive Approval Rating, meeting more people approve of the job he is doing in office then disapproved. Trump does not have that advantage. David lets talk about the other side of the coin. This is early going. We have to be careful. There is a consistency. As biden is hanging in there a strong number one, followed by Bernie Sanders and elizabeth warren. Kamala harris, who had been rising, seems to be dropping off. Starting toem to be believe that maybe harris had an unusual blip because of skewering of biden cheated of the first debate, where she nailed him on having supported busing in the 1970s. She had this big blip after that debate. Then it seems to settle down to where it was before, which is people. Have not really heard of her she has a first name that is hard to pronounce. She has been back and forth on a couple issues. She seems to be settling in for little while at 5 . There is another democratic debate in september in just a few weeks and we will see how she does there. David thank you for joining us. That is Wendy Benjaminson joining us from washington. We have been waiting forever for these revisions. We now know what is going to happen. As you say, banks have been waiting for this. I do not know about the rest of us. Banks bought the volcker rule when it was just an idea in the head of paul volcker. They bought it when lawmakers were talking about including it in the dodd frank act. They fought it when regulators were and plummeting it and they fought it ever since it was on the books. Trumps election provided an opening. It took a couple years with a couple years with trump as president but they finally got the volcker rule rolled back. David it is a rollback. It does not take away the basic principle of the volcker act. Basically make the banks drop easier because they can determine whether they are complying or not . Jesse that is how trumps regulators are describing this. This is not a gutting of volker. This is trying to make it clear which trades are banned and which are not. In realtimehat the way they conduct their activity on trading desks was almost impossible to tell make those splitsecond decisions about can i do this for a client or is this going to run afoul of volcker . The point was to go through and cleanse it and make it simpler to comprehend this is an allowed trade, this is a not permitted trade. One of the democratic Board Members blasted the effort today. He basically warns that we are going to go back to the banking quads hedge fund days we saw before the crisis. Dire that is a pretty warning. Thank you Jesse Westbrook from washington. It is time to get a check on the markets. Abigail we are looking at a stalemate in the u. S. Very small losses earlier, trying to flip between small gains and losses. That was especially true for the dow, but well off the low. Down. 2 s p 500 percent. Perhaps one pressure is the flight to safety. We have the 10 year yields five basis points. That has been pressuring stocks over the last several days. Lets look at a 12 day chart of the s p 500. Take a look at the volatility over this time period in august. Investors are fearful there could be a recession ahead or that there is some sort of big risk off. About. 5 right now. Thosetake a look at pressuring to the downside. Coal is down. Did reject a key drug. Madison square garden plunging down 10 . They put up a bad earnings report. Commodities are another road to nowhere. This is yesterday. Stocks were rallying. This is another part. If we break it down, we will see there is a risk off fear here. We have gold higher, but all the industrial Commodities Crude Oil still down. We have iron and corn down. Investors want to go toward safety. Hot andoming up, the cold of that trade war between the u. S. And china seems to be going sideways. That is coming up next. This is bloomberg. David this is balance of power turn now to Mark Crumpton. Prime minister is resigning today. He told lawmakers that deputy Prime MinisterMatteo Salvinis irresponsible rebellion means the government cannot continue. Still, conte may not be ready to step aside yet. He blasted salvinis call for snap elections, so he may try to put together another coalition government. Britain has decided to cut back on the number of European Union meetings and attends. U. K. Officials say eliminating hundreds of hours of meetings was will free up staff to get ready for brexit. It is the latest sign that oris johnson is determined to leave the eu with or without a deal on october 31. The list of states and cities suing the federal government over new immigration rules is growing. City,rk state, new york connecticut, and vermont to join the lawsuit today, suing over new measures that would block green cards for many immigrants who use public assistance, including medicaid, food stamps, and housing vouchers. More than 15 other states have already filed suit. Us from westbrook told washington, wall street regulators appointed by President Trump have wrapped up a top goal. They have unveiled an overhaul of the volcker rule that uses it restriction on banks making speckled of investments. The changes are aimed atglobal n the air at tictoc, on twitter, powered by more than 2700 in morests and analysts than 120 countries. I am Mark Crumpton. This is bloomberg. U. S. China trade dispute has been a series of hopes and disappointments, with both sides claiming they want a negotiated settlement but acting as if there will not be one. We welcome now shawn golhar, berkeleys head of Public Policy research. Month, weback a thought they were going to come together. Now President Trump is saying there will be more tariffs and the chinese saying they will retaliate. Where are we . Shawn there has been optimism in this process, but we have been consistent. We expect to see tariffs, a ratcheting attention. The Technology Issue is at play. The alleged ip theft is irreconcilable. I have trouble seeing a cumbrian sabbagh and china. An agreement with china. To do so with beijing would give them a hard reason to come back to the table. David symbolism matters to president xi. We are calling them a currency manipulator. That does not help. Shawn imagine what could come out of this if you see optimistic shoots. For the president , how do you remain hawkish on china before the election but not cause a recession . Now if you get rid of the tariffs or remove the designation of currency manipulator, what does china have to give into . That might be an objective that we will not get. David how do you assess that balance you just identified. It is hard for markets to price in this political risk. On one hand, President Trump cannot appear to be weak on china after what he said. On the other hand, he does not want to drive us into a recession. Shawn from his point of view, it is going to be an incremental process. We see weakening growth in europe and china and elsewhere. He is going to allow that to play out. I do not think that roadmap is wellwritten right now. What is clear is they want to sell more Agricultural Products to china. They want to stop forced Technology Transfer and ip theft. More exports to china i think that is easier to accomplish aaron the Technology Restrictions are more complicated. Is all the democrats fault more and more talk about it is the democrats. Shawn it is funny you mention that. Ratification more and more democrats are saying they want to support usmca. There are still a few big issues at play, namely enforcement verification clauses, labor protection. They are coming across that border. Right now, it looks like they could get enough votes through. Speaker pelosi could get this ratified in the fall. European trade discussion comes back into play, that could take up a lot of the oxygen in d. C. Usmca gets pushed back, in which case you have election season coming back in and you may not see it ratified before the election. David the democrats want to hold onto the house, maybe take the senate. Nancy pelosi does not want to go back to some of those farm districts and say it was the haveat fault we do not usmca with canada and mexico. Shawn some of this is messaging. How much does the usmca deliver . It does not deliver much additional growth, but the baseline is the current nafta. The president announces it an intention to withdraw from nafta, we are in a different world. David lets go back to our green shoots. Uawei we had an announcement of an extension of 90 days from wilbur ross. Was that significant . I do not think it is that significant. It gives the u. S. More time to write the rules. The important thing will be how does huawei use it as a bargaining chip . We put out a terrific report about 5g in the future. There is a major Cyber Security concern and a major issue on leading the development of 5g as the internet of things and other things be into pluripotent proliferate. David what are you looking at to say that will actually unlock this . What are you focusing on . Shawn for folks in congress to chew gum and walk at the same time. Maybe one issue at play. Congress cannot do that much on china. They can push back on the president , but there is not a big deal they have to ratify. Usmca is there time. You have a budget deal that has to happen in october or you see a Government Shutdown and then you want to get usmca done. You need to get congress to focus on those measures and let the white house negotiate u. S. China angle for incremental change. From the u. S. Perspective, removing those tariffs would take significant concessions from beijing and im not sure president wants to give in on president xi wants to give in on that. David still ahead, reports of the white house suggest the president is getting worried about the economy, whatever he may say. We talk with the Hoover Institution about whether he is right to be concerned. This is bloomberg. David Eric Rosengren may not see the need yet for a further federal rate cut, but the president things otherwise. Reports are the white house say they may even be thinking about fiscal stimulus to help the economy. We welcome lanhee chen, Hoover Institution fellow and American Public in american Public Policy studies. He comes to us today from mountain view, california. Thank you for being with us. Whether it is fiscal or monetary, is there reason to be concerned with the economy . We went to through this experience yesterday with a record low in the 30 year. Our bond markets trying to tell us something . Lanhee the funny thing about the economy is you can look at various measures and divine friend kinds of conclusions. There is evidence to suggest that what we are seeing is slowing. The question is what are the appropriate interventions . What is the right timing . The white house talking potentially about payroll tax relief. That is a pretty significant measure, were they to move forward with it. The reality is yes, there is some indication of slowing. There is a question about timing and there is a question about what the right interventions are at this stage. David if you were worried about the economy, lets give you two alternatives. A fed rate the president said 100 basis points we need. The other is a payroll tax cut or deferral. There are other ideas, such as cutting capital gain and rolling back tariffs. Which will be most effective at Generating Movement in the economy . David the first point i would make lanhee the first point i would make it certainty. The challenge we have with the tariffs and the creation of Economic Policy is not the tariffs themselves. Uncertainty created by the environment in the u. S. China conversation. That uncertainty is producing some drag on the economy that is problematic. I would love to see us get more certainty. Politicalat will be a process. I think that is the first point. The second thing i would say is the fed is hesitant precisely because they want to be able to have tools in their toolkit to go to if things do turn south. That sound you played at beginning of the interview the fed wants to intervene with the fed has to intervene, which means the third option would be looking at Something Like a payroll tax cut involving Congress Must some activity on the tax side to boost consumer confidence. That would have an immediate effect. The challenge is it sends a strong signal about where policymakers think the economy is headed. That creates danger and has risk. David you referred to slowing. How much of that is slowing outside the borders of the United States and how much is inside . A lot of economists are saying it will be around 2 , more or less. That is not the 3 or 4 that President Trump hoped for, but that is not bad. Lanhee it is not. I think the u. S. Remains a strong hand in terms of it. If you look around the world, we have a lot of global headwinds. The headwinds are strong. One could argue that, given how strong they are, the u. S. Economy is over performing right now. We are doing quite well. Given what we are seeing out of asia, out of china, the economy there has slowed significantly. We do not know the extent to which it has, but i think it is bigger than the chinese are willing to admit. You look at the u. K. With brexit. Certainly strong headwinds there. The u. S. Economy is performing well given what we are seeing abroad. At some point, that leakage is going to continue to affect us. The question is how quickly and how severely and when that happens. David how important is sentiment . Are we in danger of talking ourselves into a recession . We put up numbers about what peoples views on the economy are at are not that bad. Lanhee the administration has taken a little bit of heat in the media for talking up the economy. I tend to think that is what they need to be doing, what they should be doing. There is a fine line between reflecting reality and painting a picture that is simply not true, but i think everything they have done so far, if you look at larry kudlow and other spokespeople for the ministration, what they are out there trying to do is to boost confidence in the economy. I think that is the role they need to play. The question becomes when there is a mismatch between how people feel and what the economy is actually doing. We will have to see. Some of that is a political question. Next year we will get into this election cycle that will create pressure on the economy. You will have democrats saying look at how bad things are. The president and the administration have to counteract that. They are trying to make the optimistic case. David we have reports now that larry kudlow will speak with various Business Leaders around the country in the next day or two. Will he transmit or receive . Is he trying to send a message out or try to listen to how the economy is doing . Lanhee he is an incredibly effective communicator, so i will guess it will be more transmitting than receiving. I seeing i think he also was interested to hear about sentiment. I think youll want to hear about what people are feeling, to try to get a sense for where things are. His job and the job of others in the administration is to reject strength. It is to project this notion that the economy is doing fine. We are seeing some headwinds, but things are going as well as can be expected given where we are in the Business Cycle and what is happening abroad. David it is great to have you join us. That is lanhee chen. Deserves all of his titles. Next, israel has taken the unprecedented step of saying two sitting members of congress are not welcome at the country gets ready for another election. We talk with a member about the connection. That is next. If you have a bloomberg terminal, check out tv. Graphicsour charts and to interact with us directly. You can also ask us a question. Life from new york, this is bloomberg. David this is balance of power. Im david westin. For bloomberg first word news, we go to Mark Crumpton. The European Union has rejected Boris Johnsons attempt to renegotiate the brexit deal. The socalled irish backstop is a vital part of the agreement. The british Prime Minister wanted scrapped. The u. K. Is on course to leave the eu october 31 without the safety net of a deal. Most muslim or injure refugees and a dont want to return to myanmar. The United NationsRefugee Agency says very few have responded to plans for their repatriation. All of those who did say they are not going back. Than 700,000 flat a harsh security crackdown in myanmar two years ago and are staying in refugee camps in bangladesh. A new poll has joe biden regaining a doubledigit lead over his rivals for the democratic residential nomination. The former Vice President has 29 of the democratic and democratic leaning registered voters in a poll, up seven Percentage Points in june. Bernie sanders is next with 15 . Greenland is reiterating it is not for sale and says it does not find the speculation funny. At a meeting in iceland today the nordic government leaders, the greenland premier says President Trumps idea of buying the danish territory is not something to joke about. Prime minister called the idea absurd. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. David a proposed visit by two sitting members of congress to israel has created a new controversy. Contra basi Rashida Tlaib said last night that her visit was to make a bigger point. Do as a can granddaughter of someone who lives in an occupied territory is to elevate her voice by exposing the truth in the only way i know how. Barkat,e welcome nir who served as 10 years as mayor of jerusalem. Tlaib,rd from rashida trying to make a larger point, not just to visit her grandmother, but wanted to make a larger point. Was it wise for israel to exclude her . Beauteous movement, boycott , divestiture, sanction movement, is closely aligned with a terrorist organization. When i was at San Francisco state, i was hustled by bds people who said from the river to the seat, palestine should be free, which is we want to get rid of israel. They are very serious threat to israel. Israel has the right to defend itself. It has nothing to do with the fact that they are congresswomen. It has a lot to do with the fact that they are part of bds. Bds supporters, partners cannot enter the state of israel. There is no question israel has the right to defend itself, but doesnt have the right to defend itself from speech . Normally in this country we think the remedy for bad speech is more speech, not less speech. Nir president obama when he was president denied entry to an parliamentary member who is believed to be a racist. He said he would not be allowed entry into the United States. We respected americas ideology, understanding, and similarly, we expect our democratic friends to , if they are associated with the boycott, distribution, bds movement, they are not allowed to enter israel. David this issue looms large in the ongoing election campaigns. You are about to have another election in september. Is this an israel issue or American Issue . Nir i think it is more about the relationship between israel and the usa. We have a law that does not allow people who are very proactive in bds. They are our enemies, calling for the destruction of our country and we deny entry for the people. Nothing but the security of israel. Feels increasingly, it like there is a separation between democrats and republicans in this country that there has not been historically. You know martin index. On yesterday. He made the important point about the republicans and democrats now in the United States. Israel has become a partisan issue. Difference40point between support for israel in the Republican Party and Democratic Party. Trump may be an now but he will not be in forever. Somebody there, they should be concerned. Nir i agree there is a risk for the relationship with israel and u. S. And we should focus more on the shared values we have, on the understanding of free markets, democracies. Israel is the only democracy in the middle east and we see ofselves aligned with many the values and ideologies of the United States of america. So my message to my friends in as much astic party, the Republican Party, even if we dont agree on everything, lets make sure we stay together. Togetherness is fundamental and strategic for both people. David does the palestinian issue pose a potential risk staying together . There has always been a perception that we are moving toward ultimate peace, reconciliation. Is that on the table . Martin indyk, he says that is basically off the rails. Process itself, which i was very involved, presided over the final round of what i consider the end of the americanled Peace Process, has basically failed. It has not been possible to reinvent. Team has spent two and a half years and still has not come up with a plan. David has the Peace Process failed . Of course, nir there is no peace. Manage the israeli cities, they manage the palestinian cities. We should have full army control, every inch. On us,nately, they flip and we have to defend ourselves. There is another element i want to talk about, joint economy. That kind ofelop strategy. Expand peace, autonomy, the palestinian autonomy but never let them have an army. David on the economy, can the palestinians develop an economy that can interact with israel when they have so little control of their territory . Not just the settlements, but there are a lot of restrictions. Those have increased in anything. Is it realistic to think the palestinians can have a viable economy given your restrictions . Nir israeli gdp is 40 Million Dollars a year. Their wage goes to 16,000 a year. Jordannians working in and samaria get 11,000 a year. In gaza, it is 4000 a year. The more they cooperate with the jewish state, the better off they are. We bring technology, entrepreneurship, capital. We know how to work. , when mayor of jerusalem our economy is blossoming, like it is now, the fastest tourism city in the world, fastestgrowing hightech city in the world. When it rains, it rains on everyone. Our vision is to make sure we have a joint economy for the benefit of all people. David President Trump has done a lot for israel, whether it is the Golan Heights are moving the embassy. The nextister Prime Minister is benjamin netanyahu, will he support President Trump next time around . Nir traditionally, we do not get involved in internal politics, and vice a versa, but there is a clear appreciation by netanyahu and the israeli people for what tom has done for our country. He has focused on the bad guys, iran. Understanding the middle east, you have to be aggressive with the bad guys and as good as you can with the good guys, to send a message of calm and order. President trump gets a lot of appreciation from israelis because of that. David good to have you here, nir barkat, a former mayor of jerusalem. A Nuclear Incident in northern russia has raised questions posed by the enormous stockpiles held in the country. Sam nunn is devoted to those issues, and he is here next. This is bloomberg. David the eu says antitrust authorities will take a hard look at facebooks libre currency. There are various questions about whether there should be regulatory scrutiny. Now the European Union says their antitrust authorities will give it a hard look. I am sure there will be more to develop report on this, and im sure that we will. A nuclearthere was incident over the white sea in russia, and then four monitoring stations went silent, but as of today they have continued to transmit data. We welcome sam nunn, uber presented georgia in the senate for 24 years. Is cochairman of the Nuclear Threat initiative. Thank you for being with us. Delighted to be here, thank you. David you are such an expert in this area. Give us a sense of what you think happened in the white sea, and wasnt related to the station going silent for a while . Sam dont know much about it but im sure the Intelligence Community is working hard to figure out what happened. Obviously, there was a Nuclear Incident, radiation released. Certainly, a tragedy with regard to the people who were killed and injured. The imperative here, as i hope the russians have learned from chernobyl and past experiences, and we did from three mile island, is transparency, getting the word out for safety and immediate this entity, and environmental warnings for any country where there could be radiological problems. The russians so far have not responded in a way that we would have hoped for. That is very concerning. David there were reports that this was a Cruise Missile that was being tested. Those were the reports. If that was true, would that violate any of the current agreements . Sam it may violate the agreement of common sense, putting a Nuclear Reactor on a me, seems to to make no sense. We learned that when we experimented in that direction. The ein treaty is over because the United States had withdrawn, based on russian violations, and we no longer have any Regulatory Regime in that regard. It is more a matter of safety and Environmental Concern and a matter of complying with the copperheads of Test Ban Treaty thegation to maintain stations to measure any kind of radiological discharge. That is an International Obligation that russia shares with other nations. David utep is where i was going to go, this intermediate range Nuclear Forces treaty, the inf treaty, with President Trump withdrawing, saying the russians were cheating already. Have we increased the risk simply by withdrawing from the treaty, so the russians dont need to do with issues like this . Up and ask why there was an inf treaty to begin with. In the reagan administration, perhaps over sophistication, but the big question for me was whether we would realize we were cutting down on the decision time of leaders, not just in paris and london, by groundbased systems that were close to the targets with Nuclear Weapons, but also moscow. Frankly, it is not in anyones interest security wise, russia, nato, or the u. S. , to cut down on decision time. That means accidents are more likely to happen, false warnings could be acted on. , the now, the inf elimination of that treaty makes the warning time go down if we deploy those kinds of weapons. To the larger picture, a morning time and decision time is already going down because of technological developments, missiles,hypersonic tinkering and interference with command and control by cyberattacks, interference with warning systems. And russia, and also they do is involved, china increasingly so. We are not utilizing technology to reduce risk. Technology is now increasing risk by reducing decision time. Winston churchill once said to his country, and indeed the world, no matter how beautiful the strategy, occasionally one must look at the results. If you are the u. S. And russia, look at the results, as well as other Nuclear Powers like india and pakistan. We better talk to each other about how we can utilize technology to reduce risk. Greatlyw, technology is increasing the risk of some kind of nuclear catastrophe. Andd you raise such a good overlooked point, china is a nuclear power. We talk about the influence they have over north korea, but to what extent is china corporate towith the u. S. And russia get our arms around these Nuclear Weapons . Sam china takes the position that they only have only 300 or so Nuclear Weapons, and russia and the u. S. Have thousands. They will not play the game. In my view, the best way to get chinas attention on these issues is for the united dates and russia to have meaningful dialogue. The chinese get more interested in arms control when the United States and russia are talking seriously. They may not want to be a player but they are interested. We are not going to get china involved in any kind of threeway agreement anytime soon in my opinion, but china has a role to play. Right now, United States policy, inadvertently, and in the past two or three administrations, has moved russia and china an alliance of countries angry at the United States. Never a good idea strategically to get all of your possible adversaries aligned against you at one time. We seem to be inexorably moving in that direction. David it is not just the inf treaty that we have withdrawn agreement,the iran who says they will begin increasing their enrichment of notium, if europe does cooperate and gives them the supplies they want. How big of a danger is that . Sam it was much the original toward,eement was aimed getting rid of highly enriched material, which has happened. We pulled out of the treaty. In my view, it was a dreadful mistake, the United States pulling out, leading other countries on the world putting pressure on iran, which led to the agreement which bought us at least 15 years in terms of a verifiable prohibition against production of Nuclear Materials which could lead to the production of Nuclear Weapons. I think it was a very bad mistake for the United States to pull out of that agreement, particularly because there was no plan b and how to deal with iran. Right now it will be much harder for the United States to mobilize other countries to come together on anything, not just iran. We are seemingly this administration is disdainful of other previously negotiated treaties involving several countries throughout the world. Won a lot of elections in your life. Explain the political system. When you talk about these things, they seem pretty important, but i dont hear any discussion at all from the democrats or President Trump about this. What is wrong with the political system that we are not talking about this . Russiansourse, the interfered with our elections, we have crossed with them in the ukraine, middle east, so people are angry at russia. It is the third rail in american politics now. But that is a very profound mistake. Ifbasically behave as discussions with a country that contains enough Nuclear Weapons to destroy america, that talking to them is a reward for good behavior. It is not a reward for good behavior. Dialogue with the russians is imperative for american security. We seem to be forgetting that lesson. The russians, of course, are making their share of mistakes also in this regard. David great to have you on, sam the russians, ofnunn, cochairmar threat initiative. Shareholders are not so happy about it. We will look into the reasons why, next. This is bloomberg. Bloomberg. Youre watching balance of power on bloomberg television. Im david westin. Time for the stock of the hour. Elanco is heading for its worst day ever and is trading at a record low after the company agreed to by buyers Animal Health unit. Kailey leinz is here to tell is why shareholders are not happy. Elanco spun out from eli lilly last year and they will have to take on a significant amount of debt to do this. There is also skepticism on the street that this is that attractive of a purchase. They think it will not be a Significant Growth catalyst. And the debt is an issue. Elanco says it will expand online and orient them more toward the pet side of the business, balancing more between the pet and livestock divisions. 41 livestock, 59 pets. Americans like to spend a lot on their pets. It gives them more to sell or rent to balance out the business that way, which he said would not have happened as quickly organically. Problem, growth is the our pets the answer . We know livestock has been very volatile, especially as of late. Exponentiallyg more on our pets, an estimated 75 billion this year. It is likely an attractive thing for them to orient themselves that way. They will get a lot of scale pets, the second largest total Animal Company through this deal. David we spoke to the ceo of elanco. What about antitrust scrutiny . Knowing that that will get peopless attention, this is what he said. We are looking forward to working with regulatory bodies. Something important in our industry that is different, many species of animals, many geographies, many therapeutic classes. And now, many channels are reaching a customer. I think thats important. David does the street think this will go through . Thinks its like he will, talking about how diverse this is, so they dont seem concerned on that. Another issue could be the exposure to round it, but he says they will not be exposed. David and the one thing we should mention, bayer could use the money. Coming up, and its corrosive interview with said haidar, the founder of hader capital. 1 00is coming up at eastern time with vonnie quinn. 1 00 eastern time with vonnie quinn. Sign up for the Bloomberg Politics newsletter on bloomberg. Com. Live from new york, this is bloomberg. From the couldnt be prouders to the wait did we just winners. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you preorder a new samsung note. Click, call or visit a store today. Mark im Mark Crumpton with bloomberg first word news. Italys Prime Minister is resigning today. He told lawmakers that the sputy Prime Minister irresponsible rebellion means the government cannot continue. He may not be ready to step aside yet. He may try to put together another coalition government. In hong kong, protesters have projected chief executive carrie lams attempt to meet one of their demands. Promised to look into the causes of the protest and how police responded. The move falls short of what demonstrators demanded, but indicates a softening of her stance. Russia has resumed sharing data from its radiation monitoring stations in siberia after some were taken offline following a deadly explosion at a missile range earlier this month, according to a weapons watchdog. Russian authorities have not provided clear or consistent information about the accident. That has led to speculation