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We are under 30 minutes to the close on equity trading in europe, and we are seeing some gains in european equities. A bit of by divergence between europe and the u. S. You can see broadbase base looking at the regions, the euro stoxx 50 up. Ibex is one of the better performers, up. 7. We have seen gains on the dax and cap 40 cac 40. Overall, equities are in the green. The fx space has been the story of dollar strength, bouncing back room a threeyear low. Euro down. 5. Cable unchanged. Not such a sizable move in that fixed income spaces. Of movement there. If we turn our attention to the stoxx 600 and what is happening within the Industry Groups, most are gaining on the headline level in the benchmark up. 4. Construction and industrial Good Companies leading gains and lagging are commodity producers, down. 5. Thanks also underperforming. Banks also underperforming. To the fx space, i was talking euro weakness. G10. Did well compared to the games have slowed as the rally in the yen has gathered pace, begging the question, whether the way to short the dollar is buy it again rather than the euro . Look at fixed income, not huge thes, but we have seen that gilt bund spread, that widening in it, is running out of steam a little, even as those expectations have been gaining off that boe rate hike in may. Abigail the bears are out of it this tuesday the u. S. The dow and s p are lower, on page for its worst day in now most two weeks. Lots of volatility for stocks, even though moves are smaller at this point. You see the tech heavy nasdaq is up slightly, so trading. Some consolidation around what is next after two big weeks of selling and we had a huge rally last week, the best week for the s p 500 since 2013. Many americans think the rally will ensue from volatility. , ine look at g btv 1656 blue, s p 500, in white, university of Michigan Consumer Sentiment Index around what consumers think is next for stocks. There has been a close relationship over the last 10 years out of the financial crisis. Right now, consumers think the rally will continue. In theands out because past, we see areas of divergence, especially around the financial crisis. The stock market rallies and crashes and it is weighed more on sentiment but partners think this has more to do it tax reform. Consumers are positive around it. 500,d that divergence, s p nasdaq, big box retailers. , worst down nearly 10 day since october 2015 after the company missed on fourthquarter profits. Ecommerce not as strong as hoped, decelerating to 23 from 50 . This is weighing on target and costco, and walmart providing a disappointing outlook and lack of clarity around tax reform. Amazon up 1. 3 . A big theme this week, the monster treasury issuance. 8857, thisat g btv is a longerterm view of the 10 year yield, and it goes into 250 billion worth of options this week. Shortterm today at 1 00 p. M. , and yields are at the highest they have been in five years. It will be interesting to see how it plays out. Investors looking for more compensation, but if demand is a strong, maybe yields spike higher, something to keep an eye on. Nejra it will be a week of price discovery in the treasury market. Back to the markets, european stocks largely higher in u. S. Largely lower. Andrew sheets, who recently warned this month selloff was an appetizer for the real deal, spoke earlier on bloomberg about the potential impact of higher bond yields and equities. I think that difference is something the market may have to assign a higher discount rate for. I think that is why we are not expecting more multiple expansion ans a u. S. Equity market and we think it has to be earning driven from here. Now is alanng us the closer. Alain bokobza. It is showing real yields have yet to show up a threat to stocks. We are looking at the u. S. 10 year inflation, not breaking out of that range. Our real yields the concern or is it something us like the yield curve . Alain we are having a change of timing, where we have been living with Global Growth in u. S. Growth secured and growth has accelerated recently on the global basis. On top of that, we do have the fiscal expansion from tax reform. These have less to the confirmation that if the fed hikes, at the long end of the curve, so to keep it will, is the price in. Anymore. Fight the fed three rate hikes last year was pushing back in the market is not pushing back so that could be between two rate hikes to four rate hikes this year and it could be three. We have got a long way to go at the long end of the curve. Ago, it has done a long way up. Mean that youat see that yield coming down because where yields are now presented opportunity . There is a lot of effort,hich are priced, and around 3 with a 1 positive real yields, in a world where you have most a negative break territory, this is something to look at yield in real terms. Vonnie i have a chart to that real yield in negative territory. I will find it and put it up in a moment in our chart library. At what point do we see real yields to the zero mark and move into positive territory . The reading of beenyield we have intoway from positive inflation. So of this came together, this is our play, what can we see with growth expectation, and can it last longer in the u. S. . We think the tax cut formula is good for growth, but it leads to twin deficit and is not sustainable high level of growth of the u. S. Aroundof that, we find 65 on brent, and we have gone a long way up and not long ago, we were at 30 a barrel. We think there should be a reserve on opec alone. Vonnie telestrate what we were talking about, the chart on my terminal is the fed funds rate. So negative. One look at the real rates. Are you seeing any trades or you might pick up basis points that perhaps in that crowded customer crowded . Going thisfed is year to advocate what they said about the jobs, so three rate essential, and this time we should not push back. I think we have come a long way on the curve. When shorter rates might go up by the reality of what the fed is doing, and the longterm rates on the 10 year run through now, we are not on the long end for now. We are not pessimistic about the long end of the curve. So here, a play on the curve here, long waits could be a nice long rates could be a nice exposure in the u. S. Brexit so the curve flattening for the you nejra so the curve flattening for the u. S. We have a great charts, 5489, you can see how that has been widening out. What does this mean for the way you invest in the rest of the world versus the u. S. And not just fixed income but also equities . Alain there is somewhat of the mirror affect between the fixed income on one side and equities on the other. ,ou have low rates in japan most are negative, and still aort, and we are not far from peak in the long end of the curve in the u. S. Two rebalance in terms of going to the u. S. , it should be in this time coming. In the equity market, we find the u. S. Equity market competing. There is a lot of good news christ in, including increasing earnings per share because of tax cuts, and everyone knows [indiscernible] we have good Quality Performance coming, and that should be to acceleration of growth and earnings growth. In the fixed income, we like to relegate with yields in the u. S. For entities that will flow, and a good performance on u. S. Perform. To flow and and into japan, and that is a perfect time to go into it now. Nejra so preferred fixed income in the u. S. , and especially japan. Thank you to alain bokobza. Vonnie lets check in on bloombergs first word news with courtney donohoe. Courtney new charges and the investigation of russian meddling in the 2016 election. A lawyer has been accused of lying about talks with former Trump Campaign aide rick gates. He has been charged in a criminal information, which usually precedes a guilty plea. About 100 students from the Florida High School casino the mass murder are going to the state capital today to pressure the legislature to vote for a package of sweeping gun control laws. President trump is open to tightening background checks for gun buyers. The Trump Administration is taking another shot at obamacare, clearing the way for a lowercost alternative to medical insurance plans. It is under the Affordable Care act. Health insurers would be able to sell shortterm policies up to 12 months and not meet obamacare coverage requirements. In russia, senior officials are to boostvladimir putin spending on infrastructure after next months election. Officials have discussed borrowing as much as 266 billion to build new highways and railroads. Putin is expected to win another term. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am courtney donohoe. This is bloomberg. Nejra thank you. Coming up, power of the purse. U. K. Warned it will not pay its brexit bill without a good trade deal from the eu. This is bloomberg. Live from new york, i am vonnie quinn. Nejra from london, i am there to pitch. This is Bloomberg Nejra cehic. This is bloomberg markets. A trade deal theresa may would like to achieve in brexit negotiations, they will break away from other areas in the world book. Some are calling it cherry picking. If britain does not get the deal, it is prepared to hold back on brexit payments. Joining us now is the man who wrote a story, around of applause for the scoop. Can the u. K. Do this . Is it legal . There is a chance this protest statement could cause reactions in europe and it is possible we might end up in the european or International Courts to arbitrate. The fact remains britain needs some way of tying the eu is hands to make sure the promises it gives on trade are honored after brexit. Nejra we have heard from people david davis, included, are we closer to understanding what the u. K. Once from the future trade relationship . Tim they are getting clearer. Theresa may will be setting up her vision in a speech next week. Before then, Foreign Ministers have to flush out the template for what she will say. Britain will remain close to a you rules in a lot of areas, while breaking away in key sectors of agriculture, financial services, and trade regulations. We might be in this ridiculous situation where we need a court to handle the disputes, but what court gets used . Britain will not be recognized in the u. K. In the year he, so what would happen . Tim it is difficult to speculate at this point. Aitain has drawn up contingency plan. If trade talks go wrong, or if hasome point, after brexit taken place, the eu is not meet its formula tips, and the u. K. Thinks a viable option is to hold back payments of money it has promised. That will be controversial. Vonnie this britain have the money . Tim [laughter] britain has the money or it has promised to pay it. The question is how determined is the eu to get it . I think the gravel that the gamble that brexit is or theyre going for at the moment is the eu needs that money so badly they will do anything to give britain the trade deal it wants. Nejra have we gotten a response in the eunejra to your scope . Tim we are waiting and once we get a, we will bring get on the bloomberg. Nejra tim ross with us here and his fantastic scoop on what is behind the scenes with brexit. Still ahead, we will be talking about bhp. Vonnie the ceo is discussing interest for the company and plans. This is bloomberg. Live from london, i am nejra cehic. Vonnie i am vonnie quinn. The bhp billiton shares taking the hit after missing investments, divesting from its shale unit. The bhp ceo spoke with bloomberg. We are pleased withs the day results with the days results. We have produced a strong operating performance to deliver increase. 25 we have pay down debt, but equally important, increase dividends by 38 . That is an indication we have a lot of discipline plans in place and we continue to deliver against them. In our case, we have worked hard in being clear with shareholders on how we allocate every dollar capital, called Capital Allocation trade mark. Jonathan lets talk about assets, a better crude drop trade you are looking at other options in the oil and gas portfolio to sell down things, is that on the horizon . Not in a major way. Our focus now is to push on from our shale business from volume, and the sales process is doing well. We have one data room open for the regional shale, and other data rooms open and a matter of weeks. Of interesta lot from buyers who want to buy the lot and some who want to buy one or two regions. We will put all of them together and figure out how to move forward by the middle of the year. Jonathan once asset sales go through, what portion can investors expect to get returned to them from the cash you get from the assets . Andrew i think it is too early to say, but what we have enabled to do is take our debt now with the what we called safe haven between 10 billion and 15 billion, and we will continue to pay it down to that range. Once that is done, we have been clear in our capital at the next years or not exceed 8 billion, and the rest can be returned to shareholders in some form or the other, so the cash proceeds will go into the mix. I have we are cutting prices, and we would expect a significant proportion to find its way back to shareholders quickly. Vonnie that is andrew mackenzie, ceo of bhp billiton speaking to bloomberg earlier. It is fascinating because it is a 5 drop, yet, elliott has great ideas for the companies and the chief executives will meet to hear how there might be 22 billion in value on lock. Nejra this has to do with changing the structure and with the dual listing and what it will do from here and it has also convinced canvassed other shareholders. It will report back as what we are hearing after the meeting with elliott this week, but it will also talk to other shareholders. That is something to keep an eye on in the mining space. Speaking of, some of the worst performers in european equities have been miners. Lets look at european markets as we head to the close. We have seen weakness in the u. S. Section. Afterope, a bounce back losses yesterday, at least if you look at the dax and cac 40,. 6. Ing higher by at least the ftse lagging a little but overall, the stoxx 600 is gaining. This is bloomberg. We use our phones and computers the same way these days. So why do we pay to have a phone connected when were already paying for internet . Shouldnt it all just be one thing . Thats why Xfinity Mobile comes with your internet. You can get 5 lines of talk and text included at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And now, get a 200 prepaid card when you buy an iphone. Its a new kind of network designed to save you money. Call, visit, or go to xfnitymobile. Com. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Nejra from bloomberg headquarters in london, im nejra cehic. The stoxx 600 is gaining, closing higher this session. The dax closing up 9 10 of 1 . The ibex, one of the better 9 10 of 1 . Up the ftse in the uks pretty much flat but overall youre seeing a lot of green across the screen. This after we saw european equities declined after the best week for them last week since 2016. If we dig in and look at what happening in the Industry Groups, industrials and i. T. Stocks have been leading the gains, as you can see up by more than 1 . In fact, most Industry Groups gaining here. We have seen a little bit of a lag when it comes to commodity producers and banks but at the close, we are seeing most of those Industry Group tire. So a bit of a different picture in europe to what we have been seeing in the u. S. Session. You across assets, you can see the action here. We are you talked about equity, a lot of green there. A stronger dollar story in this session, the dollar bouncing back from a three year low. The euro was down 6 10 of 1 at 123. 36. Not as much action in the fixed 250 bought built 250 billion worth of treasury options. Its interesting happening in all markets as we see divergence 65 aown 1 , 65 barrel. Lets look at sterling. When you look at cable, the curve has inverted the terms of volatilities. Them i have a lot to do with the fact we have a key, eu summit happening in brussels at the end of march, where traders are seeing whether we are going to get that u. K. eu transition deal. Funny stocks are also low here in the u. S. The dow fell 3 10 of a percent of the s p has turned positive. But we are going to look now at results of the oxen, 170 billion dollars with the bills and shortterm treasury bonds. Months, 36. 8 to primary dealers. The bill to cover ratio on the threemonth bill was 2. 74, a lot lower than the previous auction of 3. 12. The threemonth bills through of 59 pointhigh 37 . That 1. 67 is the important to number. Yield is up six basis points compared to last week. As for the sixmonth bill come a yielded one point 28 , up 3. 5 basis points versus the prior week. See concede the very front end of the curve we are getting a nice little rise. Lets look at some of the other treasuries and what they are yielding. 2. 90 percent off its high of the day, but nevertheless higher and it looks like we are going ever toward that 3 mark. 89. 66, ir index, rebound for the dollar which is making the yen a little weaker today, one of 725. 107. 25. The outlook for bonds is mixed. Stopfordng in john asset management. John, this chart shows the 10year term premium remaining in negative territory. I know weve got a lot of focus this week on bond auctions in the u. S. Some people on tv today have been saying the vix term premium is really showing, and although the market has started to pricing what the fed is doing, they are not pricing in the supply demand issue as much. Is that how you read this chart . To an extent, yes. The fact that would cause the premium to rise, at a particular time when the fed may also be drifting to supply after dialing back you and day, and potentially so higher market volatility. So we think term premiums are going to rise, even if the fed is tending to flatten the curve in raising rates more than the when youpected nejra say likely to rise do mean, going to positive territory . I think they can go a bit further. I think they are as you said, suppressed to some extent, volatility and and a lot of other factors holding down yields so Interest Rates are going to go up that far. Volatility is something we havent seen much of but we expect to see more of in treasuries. Is it a risk to treasuries is at risk to equities . Equities can still rise but i think its to what extent. The threemonth yield is yielding 1. 6 and they are up three and a half basis points for the sixmonth bills. Is that a major move, anything to be concerned about . John i missed the first part of the question. Vonnie we are talking about threemonth bills and sixmonth bills moving a handful of basis points. Is that an indication of anything or a little sweetener for investors . John i think there is bound to be some pressure on very shortterm rates, partly because the fed are in the process of raising Interest Rates. But in particular, the u. S. Has chosen to focus a lot of its supply in bills and shortdated bonds. Upthat requires some give for the market to absorb it. And there is a lot of paper coming so its not surprising of built yields are rising to some extent. Vonnie what is your biggest concern for fixed income right now . Usn the Biggest Issue for is the extent of fiscal incontinence at this stage in the cycle. As unusual to have significant degree of fiscal easing when we already have down itsent rates cyclically low levels. The economy doesnt need a lot of calm it doesnt need a lot of stimulus. To get bills through, the u. S. Congress gave away a lot of spending to the democrats and the military and it looks like a lot of supplies going to come. I think a widening budget deficit puts pressure on the u. S. Dollar, it encourages the fed to tighten by more than they might otherwise do, a potentially pushes up inflation expectations, so it seems to us its a pretty poor decision to go for significant fiscal boost now. All this mean for how you would invest in the u. S. For in the u. S. Versus europe for example . Is going toeurope ultimately play some catch up with u. S. Yields. Maybe not on the fiscal side but istainly, the economy growing above trend, narrowing out gaps, potentially some cyclical pressures beginning to come through in inflation suggest yields are going to rising europe. And we should ultimately see some convergence between u. S. And europe but generally we are pretty cautious on fixed income. We think the many bear market we ni bear market is in complete and there will be opportunities to buy a better yields in the next six months or so. Where would you put your money, and credit . John we are bearish across the board on fixed income. We think there is still upside in equity markets, we need to be cautious about it so we are playing that partly through options and not just through straight equity. Option volatility, oxen pricing option pricing is still very cheap. Expect thed curve to flatten as policies tighten so we are not bearish on the u. S. But we just think potentially can get some high yields. If youre looking at opportunities in fixed income you probably need to go into other markets that pay a reasonable and nominal yield were theyre going to may be lagged the fed, places like australia, canada, new zealand, where you can get a reasonable yield and you are unlikely to have the same sort of negative rushers, at least the same extent you are going to see in the u. S. And what about corporate debt, john, are you looking at pockets of corporate debt anywhere . We have substantially decreased our exposure to credit risk generally. Investment grade we are cautious but highyield in particular we are very nervous. The epicenter of investor buying for the last seven or eight years has been within credit. Youve seen a lot of paper taken on board, leverage has tended to rise, it has been hidden to some extent because the cost of borrowing has been so low and people have been reaching for yields. I think the danger is that thats not coming to an end. We have now seen net outflows from etfs and other products in a significant size over the beginning of this year. So far credit has held up and it feels a little bit as though weve got adam, trickle of water coming out and is the pressure builds the danger is that the dam actually bursts. Maybe thats too pessimistic but it think there are better places to put your money at the moment than in highyield in particular, and credit in general. Its interesting you say credit has held off. Does it have further to go . John think the center of that selling pressure, it came from the vix etns in the derivative market. Equities got hit and it was incrementally less as you went further up. To us it was a warning sign that maybe the era of extremely suppressed volatility markets is ending. There are still upside risks and markets from higher earnings from highgrowth, but there are also Downside Risks from stretch valuations, rising volatility, rising Interest Rates and so on. Nejra john, great to have you on the program. Says the a new report north korean cyber spy group known as refer has emerged as a global threat. According to the california Cybersecurity Group reefer is now conducting espionage well beyond the korean peninsula. The hackers infiltrated range of industries from electronics to aerospace to health care. The billion or Koch Brothers have turned thumbs down on a proposal to raise the gasoline tax . 25 a gallon. A group tied to the koch would fallys the tax hardest on the base donald trump won in 2016. The president has reportedly offered to support a tax hike. On capitol hill senators are scrambling for fallback options to prevent the deportation of young people who arrived in the u. S. Illegally as children. The clock is ticking toward expiration of the program that allows them to stay. Immigration legislation failed last week in congress. None of the plans put forward since has gained traction. Puerto rico got needed help in restoring electricity five months after Hurricane Katrina blacked out much of the island. A federal court has approved a 300 million loan for puerto ricos bankrupt power and authority. Officials warned last week that without the low the utility would need to impose rolling blackouts. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im courtney donohoe. This is bloomberg. Vonnie coming up we take a look at the treasury space options. This is bloomberg. Live from london. Im nejra cehic. Lets go back to the big feast for bond traders. U. S. Treasury department sold 51 billion dollars in threemonth bills at 1. 63 percent. The sixmonth bills, 2. 18 , so a little higher than last week but at the same time a little next in terms of what we are expecting. I write is in our princeton bureau. The treasury didnt have to pay as much, it turns out, for the sixmonth as they were expecting, or as traders were expecting, but a little more for the threemonth. What can we tell about pricing . A big price of it is there is a lot of that threemonth bill. The Treasury Department needs to pay for tax refunds, they have a lot of spending, february and march of the biggest deficit months so its not surprising that theyve had to increase that issuance and in order to get there we had to cheapen that part of the market just a little bit, in order to make sure that the option is cleared. So six basis points versus the prior option for six months, is that a big move . It feels like it is part of the curve. Part of it is, at least a couple of basis points because we are getting closer to the march meeting when the fed is expected to hike rates. So when you think about what a t month what a threemonth tbill is, it should be the average of what the fed rate is going to be over the next three months. As you get closer you should see threemonth tbill yields edge up just a little bit. But its more than a probably shouldve been. It should have been probably two basis points but it was that extra for basis points that was very much supply related. Nejra does this tell us anything about what we can expect from the twoyear option . Ira not a lot, really because they are two different investor bases. Get takenns tend to otherks, mutual funds and Asset Managers that have longer maturity mandate. Really a money Market Product bought by corporate treasurers and money market mutual funds. One of the interesting thing is, money market mutual funds has transitioned, at least for institutional funds am a from prime funds that used by commercial paper, into tbills. So some of the tbill supplies going to be taken down because of basically, structural changes, thanks to new regulations that these money market funds have to deal with. To foreigners pick up any of the shortterm bills . Ira definitely some of them but they tend to be very flat. We dont get that data for a couple of weeks. The Treasury Department releases what they call the allotment data later. But generally affronted, tbills, to your notes come a threeyear notes, they usually have high for an participation versus longerterm securities somewhat lessave which tend to have somewhat less. Back to curve flattening come curve flattening, does Bloomberg Intelligence forecast more that to come . Ira we are. One of the big things we look at is what is the expectation for hikes in 2019 . Are only now we pricing in one hike in 2019. If we start pricing in for two or three hikes next year, thats going to continue to pressure the frontend, along with all of the supply. This is only the beginning of additional supply into your notes and threeyear notes and as we get additional supply that should put yields up as well. Jersey, Bloomberg Intelligence chief strategist speaking to us from princeton. Thank you so much. Shares of walmart or tumbling today after the worlds biggest Retailer Forecast lowerthanexpected profit, driven largely by a drop in online orders. Thats making investors nervous. Walmart is not able to fend off amazon. Critics, right. A lot of this comes, like you mentioned from the online growth that has been slowing to about 23 this quarter. That was the slowest for six quarters. The cfo came out and said that was lower than they expected. They had operational issues with inventory. He didnt explain much further Going Forward he reiterated 40 growth in ecommerce for the year, so thats some good news to look forward to. Like he said, the frustration comes with amazon. People just get so nervous. We have a chart showing market share, estimated data from 2017. Amazon of the top 10 public companies, makes up about 40 of every dollar spent. A 3. 6 percently market share so any headwind here makes analysts nervous. Amazon walmart but jet. Com to keep up and have gotten a tailwind from that. Investors want to see that continuing. Piece ineres a great the bloomberg saying that warmer that walmart cant ignore ecommerce woes. We can just talk always about bad news and i have an looking at chart samestore sales. They were up 2. 6 in the quarter yearoveryear, driven really here by food. Food is interesting because it competes in the grocery space with amazon and target and cfr a expect grocery deliveries to double. That will really drive the sales growth so i am looking at food Going Forward. Thank you for that wonderful stock of the hour. Nejra coming up, battle of the charts. And mscistocks set record. Weve got charts for that next. This is bloomberg. Time now for our global battle of the charts where we look at some of the most cutting charts of the day and what they mean for investors. Kicking Things Office dani burger in london the in london. U. S. Ese are make a cap stocks, very tech heavy and look what has happened in the last reporting season. They are net short for the first time in 21 months. In fact, this is the most bearish hedge funds have been since 2011, right as this index is rallying. So, missed out on quite the forceful rally last weekend this. Ne i have to give credit for our markets team for coming up with this. It turns out momentum stocks are doing the best even though we have wild swings, they havent made any difference. The msci momentum index ratio to the general msci index has had a peak. Last thursday it had a peak and it has had several in the past few weeks because investors are just liking these momentum stocks. Were lookfactors that that was low volatility, quality, but it turns out momentum stocks of the big winner for the moment. And you can see that chart in our chart library. Thats a great when two, vonnie, and there is a tie through with both of these charge. Its really hard to decide. I dont like to tie so im going s. Go with dani we always look at tech stocks to see where u. S. Markets are going to go so the fact that we are seeing this from hedge funds a begs the question as to what is going to happen next. Thank you, both. Is the winner. Lets look at where european markets ended the day. We deed see gains overall on the headline level on the stoxx 600, up 6 10 of 1 . You saw the dax closed higher by more than 6 10 of a percent. The ftse 100 was a laggard, closing flat on the day but we did see a rebound overall after losses yesterday, following the best week since 2016 for european stocks last week. Coming up, we talk about efforts to prevent to protect the u. S. Election system from russian hackers. This is bloomberg. Courtney lets get to the first word news this afternoon. The Supreme Court is rejecting to californias laws regulating firearms sales. The court upheld the 19 fee per sales and transfer of guns. They could have to wait 12 days purchase a gun. A week after ae gunman killed 17 people at it for a high school. From that Florida High School are going to the State Capitol today to pressure the legislature to vote for a package of sweeping gun control laws. President trump has said hes open to tightening background checks. Robert mueller has unveiled new charges in the investigation of russian meddling in the 2016 elections. Lawyer has been accused of lying about talks with former Trump Campaign aide rick gates. Alex van der zwaan has been charged in a criminal information, which usually precedes a guilty plea. Has aa mays team

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