Ahead of fridays g20 summit. At 10 00 we get factory and goods orders for the of may. This afternoon the fed will reap the fomc minutes of last weeks meeting. President trump will be heading to europe for the g20 summit. The question is of may. This afternoon the fed will reap the fomc whether they are going to spend the time talking about geopolitics or trade. Heres kevin cirilli. We thought it was going to be all about trade. It doesnt look so much right now. It looks like its going to be all about north korea. The administration sending clear singles they are hoping to put pressure on north korea. As a result of their testing of an Intercontinental Ballistic Missile on the fourth of july. We should note that secretary of state Rex Tillerson has echoed u. N. Ambassador nikki haley who has called for there to be a laterl you in meeting this afternoon with the Security Council. I want to pull up a statement from the secretary of state who said in a statement that Global Action is requi
Goldman sachs on deck. Still up 7 10 of 1 . Front and center, will they disappoint . The banksides earnings, Mitch Mcconnell yesterday pulling the bill he had been working on to replace obamacare. Instead he says he will try to repealing the Health Care Law that keeping it in place while Congress Tries to figure out what comes next. Joining us now is Kevin Cirilli. , he develop in washington wants to repeal obamacare, will it happen . Kevin unlikely. With several sources that say that it is unlikely that despite Mitch Mcconnell and President Trumps assertion that they would like to see the senate and the house vote on the 2015 repeal bill the votes might not be there. Route, do go this starting the clock on a twoyear timetable for lawmakers to come together to try to come up with a new alternative to obamacare before it would be fully repealed in two years. That said, i spoke with a senior aide to a republican member, one of the four lawmakers who opposes this bill and i can tell you,
Ballot and insisted it would be nonpartisan and follow the facts wherever they might lead. Itan passes warning that might retaliate for any new u. S. Sanctions that violate the terms of the nuclear deal. It called irans assistant everest to destabilize the middle east. That president s as President Trump is trying to provoke iran. Labor leader Jeremy Corbyn is adding to the pressure. Bickering and back fighting while the economy weakens. Dayal news 24 hours a however more than global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from bloomberg world had gores in new york, i am scarlet fu. Joe we are down to the close of trading. U. S. Stocks games. Joe the question is what did you miss . President trump issues a rallying cry to unite. Could he and his first year without a legislative win . We will look at why the meeting has more stake than in previous years. The majorook at where a
Precheck profits though felt a bit short. Short. About 5 million that is because of commodities such as steel and engineering costs. We will be talking with bob shanks, the cfo, and about 29 minutes time. Alix the stock seeing a nice move in premarket. Coming up, we will have home sales. Then, we have the weekly crude inventory report. At 1 00 come at the u. S. Treasury will sell fiveyear notes. Yesterday, the twoyear was solid. What will be fiveyear be . Bloomberg will have special Coverage Later today. David the senate voted yesterday to move health care forward. This is despite the fact that there does not yet seem to be majority for any particular approach. We are joined by craig gordon, our executive editor of washington knows news. Rama. S about votea we could have dozens of amendments thrown out on the floor for people to take a vote on. Mitch mcconnell, it is like target practice. He is trying to figure out where he can get votes. What things are popular, and what things are no
Here to talk about the tough choices facing the gop is Stephen Dennis and washington and our National Political reporters to help the poor. Great to have you on the show. The problem is if you scratch the surface and you did not need to do that on either of these issues whether its tax reform. Ere Health Care Divisions there seems to be divisions on which path forward you are choosing. Stephen absolutely. The republicans are facing a really tough choice now that they really want to double down and sort of the don quixote going after that windmill of repealing obamacare once more and shoe up the fall or pivot to tax reform, which is going to be equally tough, maybe even tougher. If they dont make a decision quickly, this could easily chew up both issues. Kevin i want to play for you a sound bite from senator jeff flake, a republican from arizona. This morning him about where all this is headed and whether or not the administration sure referee the republican political civil war or try t