United states has shot itself the in the foot. Conversations about the Global Economy from the g7 finance meeting. We need to be thinking about what happens if there is more than a slowdown. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, investors digested a slow Economic Data that came out over the weekend from china. Chinas economy continues to slow with sluggish domestic output and trade tensions pulling gross down since the early 1990s. Gdp grew 6. 2 , matching estimates. How bad is it . Its slowing on a quarterly basis and the takeaway is the activity numbers for june that picked up in retail sales will stop also fixed Asset Investments all headed
Author of three books about workplace topics. They testified at a hearing by the house modernization of congress committee. This is an hour and a half. The committee will come to order. Without objection the chairs authorized to declare a recess of the committee at any time. This hearing is entitled cultivating diversity and improving contention among Congressional Staff. I recognize muscle fibers to give an opening statement. One of the ways in which we retain staff is by having it be 90 degrees in here. [laughing] my apologies to each of you. Well be distributing fans to the entire audience. Today were going to talk about whats really the backbone of this institution, and thats the Congressional Staff that is you. I think i speak for all of us on the dice and those yet to come, when i say we could do our jobs without the teams the people who work for us. Anytime i get a compliment since is nice job on this or that, my response is always, ive got a really good team and i feel lucky fo
Joining us is lindsay bell i hear you, i think earnings seeing the twoweek bounce in the market, whats happening with expectations . We are seeing second half earnings, especially the Third Quarter numbers come down a little bit this is going to be after a Second Quarter where we see a decline of 1. 4 . Thats the expectation as we all know, earnings coming in better than expected. I would expect flat to up slightly in the Second Quarter but it is all about guidance as it always is because these tariffs the numbers havent been accounted for in the second half. Broad come a wakeup call it was. Theyre expecting 500 billion of imports to be tariffed by the end of the year so we wouldnt be surprised to see more companies to do that with us for the first hour of the story. Kayla tausche has the latest, meg terrell with the latest and phil lebeau at the Paris Air Show kayla . Theres hearing under way, a last roadblock to President Trump putting those new tariffs in place on the remaining chin
From all three major indices, with the dow down 138, s p down 16, the nasdaq down 68. Do not count out iran, guys. Mounting tensions also sending ripples of worry through the markets as the rogue nation further breaches the limits set on its enrichment of uranium and continues to boast about breaking the terms of the nuclear deal. Our twoway starter, bob hormats, former Goldman Sachs vice chair, analyzes both of these situations, iran and what is Jerome Powell going to do, but more importantly, how do you make sure your money is safe . Plus a boeing customer decides to return the goods it just ordered. Retail, no longer playing the victim. Its ready to take on amazon and big tech, and the next move in the trump trade truce with china. Less than an hour on this monday morning. Hour to the closing bell. Lets start the very First Edition of the claman countdown. Liz we are just getting this breaking news. We just got the sketches from wealthy financier Jeffrey Epsteins Court Appearance to
Rate. That meeting, 2day meeting beginning trade, trade in focus, Robert Lighthizer testifying before Senate House Committee today and ways and means tomorrow. Jeff, great to have you. Thank you, glad to be here. Maria thanks for joining us, i remember when you first went public, a lot of conversation of where the growth is coming for and since then the stock is up 1,000 , congratulations. Thank you so much. You bet, last year i move today hong kong for most of the year trying to understand better the market, but in that time we figured out something thats perhaps obvious which is thethe biggest brands in the world want to advertise more in china, largest surge in middle class in china, in fact, over 1 years 10 years they will create middle class. Maria wow. Cocacola, nike, you want to be tapping into a large surge in middle class because they are Global Companies and we help Global Companies . Given the fact that companies that want to get a foothold in china so far can only do it thr