i don't know tom, let me out back is there someone in the trunk? >> let me out. tom? tom? >> good enough for me. see you out there to back tom, let me out. >> this isn't funny, tom. i will get you for this. this is not a joke, let me out. [cheering] >> i am tom filling in for greg who is deadly on vacation and not in a footlocker somewhere. we have an amazing show plan for you so let's get right to it. joining us on the phone is the 45th president of the united states, donald j trump. hello, mr. president. >> let me say congratulations. i hear your ratings will go through the roof plus, i fired sean spicer today and this will be the highest rated greg gutfeld episode of all time. by the way, greg has a great show. tom: thank you, mr. president. i hope i can do his show justice. >> i have a lot of faith in you. you're very good. tom: thank you. any tips for what i should do? >> you need to mention to me every 50-30 seconds and everything will be tremendous. i don't even need to be there. there's something about hearing my name that makes people sit up and listen and it make

tom, what do you think? >> tom: when i was in third grade i asked a girl to go see "star wars" with me and she said yes and i didn't know what to do. i didn't plan on her saying yes. do you get that analogy? [laughter] >> tom: they ask for the voters to elect him and now they don't know what to do. there are so used to opposition, they don't know how to govern and be mean. they do have to go after the democrats but they don't know how to do it. they are like me eighth grade. >> juan: what happened, did you take her? >> tom: i met her at the movies. i don't think that was a classy move. i didn't know if i should take her on my bike. >> dana: eighth grade, i think you are allowed to meet at the movies. >> jesse: original. >> lisa: rolling stone taking on president trump with a provocative new cover who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who

tom: right. mark: it looks like the wind is set. tom: i first met new frankfurt. you and i wandered in one lonely day a million years ago. mark gilbert, i'm sorry, i can't remember who right now, but all i know is i was with mark gilbert. how cool is that? mark, can you really fathom people moving from london to frankfurt, or for that matter, any other city? mark: it was actually jurgen stark we went to see at the european central bank, tom, and frankfurt has a problem. it doesn't have the infrastructure. tom: agreed. mark: to cope with a big influx of bankers. in terms of moving your family from london, paris looks more attractive maybe. but these people are looking for somewhere to base themselves in the e.u., and germany is winning that battle. in terms of number of head counts, we're not seeing that much movement yet, but he says, look, we might move from london, but we might just add head count in frankfurt because of these positions. so it's not yet clear what the flows of people are. what's clear, though, is that frankfurt is winning that battle to be the c

john and tom? tom: thank so you much. john nichols with an important essay on the european union with a needed focus on brussels. this is a great primer on maybe the back story of all that's going on within the battle of united kingdom in the e.u. then there's your weekend must-read if you're on global wall street. here it is, folks. i thought this cover was great. t's a healthy buoyant mr. fein after his battle with cancer. lloyd blankfein with a wonderful cover and megan murphy joins us this morning. what's the lead here? he's back. is it a different gobin or the one we've always mone? >> the same goldman sachs talks about lloyd. we can't understate how improbable it is that lloyd is still the c.e.o. of this bank when you look what's gone on since the crisis, almost personally blamed, a bank that was symbolic of the excesses of the entire industry and personally blamed for shorting the housing market and his own personal battles against lymphoma these come back from and what's interesting is he's a rejuvenated presence

tom, what do you think? >> tom: when i was in eighth grade i asked a girl to go see "star wars" with me and she said yes and i didn't know what to do. i didn't plan on her saying yes. do you get that analogy? [laughter] republicans asked for the voters to elect them and now they don't know what to do. they are so used to opposition, they don't know how to govern and be mean. they do have to go after the democrats but they don't know how to do it. they are like me in eighth grade. >> juan: what happened,me did you take her? >> tom: i met her at the movies. i don't think that was a classy move. i learned. >> dana: eighth grade, i think you are allowed to meet at the movies. m >> lisa: "rolling stone" taking on president trump with a provocative new cover that we will show you next. total your , they replace it with a brand new one. that's cool. i got a new helmet. we know steve. switching to allstate is worth it. if you have moderate to severe ulcerative colitis or crohn's, and your symptoms have left you with

guy joins tom. we will talk to the london school of economics. ♪ t this morning yieldso grind ever higher. janet yellen will bring clarity tomorrow. michael mckee will join us in this hour. speaking of the fed, there is a new governor, a new vice-chairman for regulation. quarles gets the nomination. the path from miss universe to trump junior to perhaps the president. this is "bloomberg surveillance" and i'm tom keene in new york. london.son in you really wonder how washington will react this morning. guy: yes, it will be interesting to see how that reaction marks and what the prosecutors ultimately make of the latest story. news cycle,n of the it seems the tension gets lifted a little bit higher. that is the cycle washington will have to live with. we are awaiting a speech from the u.k. prime minister, talking about cross party cooperation. judging by the reaction from the house of commons yesterday, the opposition is in no mood for cooperation. tom: the guy johnson this summary this morning on p

they ran tom. nejra and tom. tom: the iconic hockey franchise was bought. ccm tossed out as well at some point. the swiss franc, this is an extraordinary and inside baseball story. to give us wisdom, christina joins us from bloomberg news. andini still with us from jpmorgan. i was thunderstruck christina when i saw this. this morning. is this summer weirdness in zurich or is this a tangible weakening in swiss franc? >> you might be onto something there with the latter. the swiss franc has not been much in demand for most of the last few weeks because europe is doing a little bit better. maybe investors are feeling safer and less in need of the frank these days. leveln this there was a you had to get to to get back to suppose it normal for swiss national bank. this is from earlier, the basic idea is that strong swiss franc, the history of january of three years ago and then the battle that the swiss national bank has had and it finally gives way here. what level do they need to get to from your reporting to say that all is clear for swiss franc strength? wou

tom? francine? francine: thank you. kept itsof japan program unchanged. the nikkei got a boost, the central bank pushed back. timex for reaching its 2% inflation rate for a second time. a goldman sachs vice president joins us in a london and we still have richard turnill. what do you make of the challenges of the ceo? what is their number one question that investors want answered? inflation or staying on after his term? kathy matsui: i seem to be top of my question is for many investors that we speak with is, what is the kind of endgame for this so-called yield curve control of quantitative easing framework and asset purchase program? you mentioned the other question is will corrode stay on of -- kuroda stay on after his expiration of next april? how much longer can the bank of japan sustain the current program? they setent is because their inflation target quite high at percent, it is likely they will persist with the current framework, including both the yield curve control as well as as

tom: no. [laughter] >> you can all go home now. tom: is there a method? first of all, the first year of any administration -- if you look what happened to president reagan, president clinton, president obama, just finding the electrical outlets are difficult. this president coming from business -- the campaign, transition, governing. governing is complicated. all of you have a p&l and a balance sheet. in my doing an ok job? we have metrics. washington, the mantra is lay claim to victory after it is won. great politicians say i'm not setting the agenda. the agenda is established by 660,000 bureaucrats. that calibration of that agenda will find its own level. if you want to be a great politician, claim victory after it's already won. no one knows who is responsible and not responsible. this president who, by the way, is not in the best situation he has ever had. if you look at it from his point of view, he had celebrityship and power and money. he already had international cadre of people. he knew how to get things done, but he managed by chaos. his managem

tom: thank you so much. with someone who knows english politics, robert hormats of kissinger associates. view of liberal and progressive politics in the united kingdom. : we have a hung parliament. a very different left. what was interesting about this interview, an excellent interview with jeremy corbyn, is that he seems to want the benefit of being in the eu and being a part of the european economy, which is to say free trade. the problem is, he doesn't it.tify exactly how to get that would be nice if he could have free trade access to the rest of europe, but the rest of europe may exact relatively high price to get that. it is an ideal thing, but what is he going to pay for it, and what is the rest of europe going to ask? it is important for britain to have jobs and access to the rest of the continent on a free trade asus. -- free trade basis. tom: is this a jeremy corbyn that wants to use other peoples's money until he runs out of it? robert: the record is he wants to do more spending. the question is ho

tom: thank you. a wonderful conversation to set us up for the rest of the day, in the next hour, michael nardo will join us and ian bremmer will join us from eurasia group and we will speak of russia and much more with ian bremmer on president trump. this is bloomberg. ♪ ♪ tom: there is disinflation in chair yellen must adjust, adapt, and adjust, the federal weather desperate desire to normalize rates. sessions may exit stage right, secretary tillerson may exit stage left, a trump zero world, every white house faction for itself and the u.s. dollar inflates. this is "bloomberg surveillance" live from new york, i am tom keene and in london, nejra cehic . day in theresting united states between the fed and washington, the fed meeting and the effect on the global economy. nejra: we have had fascinating discussions with jeremy stretch and jan dehn, on the lack of impact on the fed on emerging markets. tom: we will get to the dollar dynamics with ian bremmer. the first word news. rejecteds. senate mit

>> tom: yes, he should do it. >> dana: would you do it? >> tom: are you kidding me? i would win it. >> dana: never miss an episode of "the five." set your dvrs. "hannity" is up next. >> sean: my opening monologue in just a minute. we are following major, major breaking news stories. obamacare repeal and replace underway. it could go into the early morning hours. oh, it's so bad. they are on vacation usually at this time. republicans are going to keep their promises to you. plus, explosive new reports from john solomon, sara carter, devin nunes is questioning if the obama administration is back on mast political purposes during a campaign. sources are telling sara carter that a top fbi lawyer is now under investigation for leaking classified information. we will h

chris: tom is trying to start a fight. [ applause ] >> you can't -- you can't blame tom he has been playing too much guitar in his morrissey cover band. >> that's true. lucille ball died right where you're sitting actually. right there. >> chris: nick swardson. >> uber but for lube. it's called luber. [cheers and applause] [ applause ] >> chris: next up cool and unusual punishment. good news for vacationing tpraoebgz. it's kink bnb. it's like air bnb for sex done gones. they had the low hanging fruit. why rent out a poor family's cabin to poor hot wax -- when you can rent a [beep] cave in chicago entitled the hurt room. also called the bathroom -- we're not done dicking on you sbaro! [cheers and applause] >> chris: comedians, ya. i'm sure there is money to be made out there. what are features of your kinky sex dungeon. nick. >> mine wouldn't have a dishwasher. it would have a gimp washing your dishes with his [beep]. ya [beep] you! [ applause ] >> chris: nikki. >> if you want a late check out you better ask for one you little [beep] [beep] >> chris: i'll decide. i'll decide. [cheers and app

tom cruise is here! [ cheers and applause ] tom cruise. the one and only! tom cruise. he stars in "the mummy," that's out this week. "the mummy," this is a story about a 2,000-year-old corpse that is brought back to life whenever somebody says the ancient cursed word covfefe. [ laughter and applause ] >> steve: covfefe. >> jimmy: i think -- >> steve: chili covfefe. >> jimmy: let's get to some news here. a highly classified document was just leaked, and it suggests that russia may have hacked into our voting system before the election. [ audience oohs ] you can tell the report was highly classified because it was marked, don't show trump. [ laughter and applause ] actually, it turns out russia actually hacked the company that makes our voting machines. which explains why when anybody who pressed on hillary clinton heard a voice go, "try again. [ laughter and applause ] try again." i saw that the nsa contractor who leaked the document is a a woman named reality winner [ laughter ] when he was asked if he had any contact with the leaker, trump said, "no, i'm totally out o

tom: why is that? rain newton-smith: the market -- miswin mahesh: the market is not as weak at what the financial markets are looking at. -- it is as it should be at a price level where we are at the moment, for instance. in terms of ample balance orilable, it is not as much as large as it was a few months ago. ce.: defined your patien we don't know their level of patients at $45 a barrel. when does the patience run out? miswin mahesh: the july meeting will be crucial because of that is when they are monitoring the members and some of the compliance. we might all to -- also see nigeria in libya. might also see headlines from nigeria and libya. in terms of what they could do to balance the market, there is still a big opportunity. might also see headlines from nigeria and libya. we cannot throw it out completely in terms of what they can do in balancing and building up the process. at the moment, as they are waiting and watching and have done something already in terms of how it plays out. it does take

. ♪ tom: let's check in on markets. held six daysex of gains. 600urope, we see the stoxx lower. .hat should be unchanged now it was unchanged at the end of yesterday's session. you've got real estate in health care outperforming on the downside. tech stocks are leading the losses. commodity producers are up i .4%. they were leading the rally yesterday. they were moving into territory. the stoxx 600 is unchanged. what we have an european equities is outperforming the defensive this year. that has been up to higher borrowing costs. keep a close eye on the euro. of the ecb meeting on thursday. it is higher than may 2016. we do see some dollar weakening. strengtheen dollar against the pound. sterling was lower after inflation data coming up a few minutes ago. we have seen the reaction in yields. this is something i am keeping a close eye on. this spread as you can see is tightening on the back of that data. this is something to keep an eye on. citigroup said it's going to tighten even further. finally, it looks like the u.s

tom is not convinced. francine: with the amount that it and i spent on twitter, is selfish to think i hope this goes on, but how much times you give it? investors and management are saying we are throwing all of our money behind video to see if we can drive user engagement and make that argument to advertisers. they will know within a year if that will work. tom: let's have bob mark daily -- let's have bob nardelli. the fearve lived of building scale. it is tough, to build scale? this will sound strange from a nuts and bolts guy, but i think about what is the market value of your content strategy? we're seeing a shift. i would not arrange the funeral too soon. nuts, bolts and socket wrenches? robert: you talked in the opening hour of comcast and the success at nbc and universal. you talked about asset sales, which is a big issue. it is demoralizing to think he'll have to sell assets because someone else can run them better. i think it is focus and commitment on the investment side and market strategy makin

tom? >> jennifer, thank you. >>> now to the growing tension with north korea after another missile launch. a pair of u.s. air force bombers seen here in the military drill alongside south korea and japanese military planes as our military again tests its own missile defense system. the show of force after kim jong-un claimed his second intercontinental ballistic missile launch this month, now saying his arsenal has the power to strike the mainland of the united states. president trump now pointing the finger at china. >> reporter: a show of force in direct response to north korea's most alarming missile test yet. two b-1 bombers flying over the korean peninsula in a ten-hour mission. the u.s. also conducted a successful previously planned medium-range missile defense test. pentagon video shows a missile being detected and intercepted. but stopping an intercontinental ballistic missile like the one north korea launched friday is even more difficult, like a speeding bullet hitting another sp

tom: we will have to see with that. simon kennedy is here to talk byn dynamic.y-cor damagingially information on hillary clinton. according to a statement from donald trump junior, the meeting took place in june 2016, after his father secured the republican presidential nomination. cooperation between the u.s. and russia on cybersecurity is drawn skepticism. this is after donald trumps talks with vladimir putin. saidlican lindsey graham it is not the dumbest idea i ever heard, but it is close. whether president trump can deliver on his promise of a historic tax cut, several obstacles faced lawmakers, including the health care fight, basic parameters of the tax bill, and avoiding a default on u.s. death. theresa may will call in opposition lawmakers to help steer britain out of the eu. tomorrow she will reiterate her call for economic reform and the success of brexit. crossll call for party cooperation. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor

tom: the weaker yen move. but off the fourth of july, 2.5 days, the tuesday missile launch has picked up rhetorical steam. francine: it puts the chinese-u.s. relationship at the g-20 in the spotlight. taylor: a pointed response. north korea's response that it had put up at intercontinental listed missile for the first time. orderedrea's president trump's approval. the u.s. calls north korea's launch a new escalation of the threat to america. the united nations security council meets on the matter today. may's disaster's performance in last months toction may have been a gift business leaders. it gave them greater leverage to negotiate for a softer brexit. they are working for ideas and solutions for the split. and minutes from the last meeting may give clues on when the bouncy sheet runoff will begin. the minutes are released today. they haven't said when they will start. global news, 24 hours a day. powered by our more than 2600 journalists and analysts, in more than 120 countries. i am taylor riggs. this is

tom: you did it with tom's. i was at an event last night and i noticed all the kids are wearing adidas. everything they do seems to work right now. what is the best practice pixie dust you can take from the deepest miracle in the last three years? really drivenis by originals and staying true to who you are. at tom's it was being true to the one-for-one model. at lululemon, which has an incredible origin as a brand, it is staying true to function and fashion and always solving a problem for the athletes. when we do that, we always succeed. we have just launched our most expensive bra after two years of research at $98, and it has become best-selling. when we deliver value to our guests through function, we see effortless loyalty from our guests. francine: what about amazon? nike recently announced a direct relationship with amazon. do you think you can do the same? >> i think they were already on amazon. i'm not sure that we would rather have control of that distribution. we are not there. every time we transact

tom? tom: let's run through the data. equities, bonds, currencies, commodities, and the euro is at 1.1 530 and every thing else is turning. francine: this is what we have been looking at. a little bit of a turn but i like it. retreating as the ecb's meeting, we are seeing a boost in stocks because of earnings but they are not bad. oil fluctuating and gold falls down. tom: we regroup right now and we do that with robert sinche of amherst pierpont. robert sinche has been nothing short of brilliant on pound-sterling over the last year and joins us to synthesize where we are. how afraid are you of low volume and low volatility? >> i think part of it is the summer and part of it is some complacency about central banks. we have that flurry of activity a few weeks ago in portugal where the second -- the central bankers seemed to get together to dampen some of the enthusiasm in financial markets but unless they follow that up with policy shifts, we won't get much volatility out of it. tom: but the quiet essence, what is the outco

tom: thank you so much, christopher. francine? francine: i just wanted to bring a security update from hamburg. police seem to be struggling today actually clear some of the roads. they have dispersed two blockades with water cannons, one north of the summit venue, but despite their best efforts, struggle to contain this. the protesters stand across hamburg and torched cars to disrupt the start of the gin -- cars to disrupt the start of the g-20. francine: michael mckee, rumored to be within the building in washington. i don't know where he is. here is what you can do with tv . in the at tv protesters, or you can come over here, and look at our previous, single best dressed report, and check out the first lady's dress , and francine lacqua's careful so.lysis of the del po stay with us. this is bloomberg. ♪ ♪ tom: what a busy morning. francine lacqua in london, and matthew miller in hamburg, germany were protests are heating up. the first lady cannot leave her residence in hamburg. we will have much more on that in a m

tom? tom: thanks so much. equities with a further lift this morning. the yield curve came in yesterday. a flattened yield curve. next screen, please. the mix my greating, getting down to that nine level. we finally got it. 10.0. there is an elevated dow. i put up canada and mexico there, both are very strong today against the dollar. guy? guy: what you saw, what you have seen is a did he have united nation move. the bank of canada talking about maybe moving further and more aggressively which is interesting. hints in that story. euro-sterling. keep an eye on that. we're seeing euro weakening this morning. there it is. the msci all world index trading at a fresh record high. tom: this is a u.s. chart, guy. this is the kind of chart like where are we? where we are not is the late 1990's. this is the comfort index. we were way more comfortable in the late 1990's period. we are back to 2006. that's the headline. we are back to the enthusiasm just before the crisis but nowhere near the glory times of the 1998-199 period. guy: i want to talk about what the m

tom: fair. callum: from the point of view that there have been various attempts at policy and a number of people have thought to to determinesought whether -- is continuing or not. there doesn't seem to be a consistent line whether the under thehighlighted obama administration is continuing. from an investors's point of view, the investor looks at huge quantitative easing in the u.k. and the u.s. and looks at week growth and sees better spouse -- better prospects in the emerging markets. tom: it must be fun switching from a bank house like standard chartered over to ian bremmer. trading singapore dollar off of what you think? callum: we certainly don't trade. it is a very educational environment. you ofe positive marrying politics and markets, it's a natural setting for us because what you have seen over the last two years is two fundamental disciplines that had diverged somewhat coming back together. year, our headis of u.s. research made a crucial call, the trump administration is basically go

tom. >> thanks, ginger. we'll keep on eye on that storm. >>> next to the tight security on this fourth of july. authorities especially on alert for possible attacks with vehicles. abc's gio benitez on the new measures in place to keep parades, fireworks shows and holiday travelers safe. >> reporter: tonight, law enforcement officers on high alert for one of the nation's most beloved celebrations. from coast to coast, security ramped up for those fireworks displays. boston using drones tonight for an eye in the sky. >> we will deploy a multi-layered, multi-agency security plan. >> reporter: in washington, d.c., buses are now road blocks to prevent any vehicle attacks like the ones seen in europe. here in new york city, the nypd will have more than 100 vehicles to block intersections. nearly two dozen sand-filled trucks and counterterrorism officers will be among the crowd, many in plain clothes. >> we know the world we are living in, the nypd is constantly focused on preventing acts of terror. >> reporter: di

earlier this month, they named the stage in that theater after tom. garvin thomas, nbc bay area news. >> a rieally neat story there. >>> right now, we do want to talk a little bit of a bargain. shoppers, we'll be talking about them cruising up and down the streets in san mateo for the annual city-wide garage seale. >> more than 200 households took part. third annual event is part of a new program to encourage homeowners to reduce, reuse, and recycle. >> big deal there. and a good day to have it. no rain, beautiful, sunny weather out there. >> a little bit warm, but not as hot as being in the tri-valley or concord today, near 100 degrees inland. >> one even made it to 100? >> we saw livermore, hit 100 degrees. officially hot. by anyway's standards there in livermore. very interesting spread of temperatures. 60s, 70s, 80s, even earlier some upper 50s around half moon bay. so here is the view outside right now. tiburon, that is the happy medium at 75 degrees. that is the place to be right now. and notice the clouds, interesting. we've got some alto cumul

tom keene is in new york. qatar has agreed to a two day extension for the country to meet its demands. that is according to the state run saudi press agency. qatar's benchmark index is gaining a little ground today after all and yesterday. let's get to tracy alloway. welcome back to the program. will this make a difference? question that big investors and a lot of political commentators are asking themselves. the important thing to remember is this extension was agreed to by saudi arabia in response to a request from kuwait that has designated itself as a regional mediator. we don't know if qatar has agreed to it or will even find it useful. judging from some of the new movements we are seeing , it does not necessarily seem like the next room 48 hours will be useful. the comments we are seeing out of qatar are seeming pretty pessimistic. we saw yesterday a statement saying the company would not do anything to curtail its national sovereignty. tom: help me with the geography of the peninsula of qatar sticking i

to tom: -- tom:i want to bring up -- tom: i want to bring up a new chart. ais is american pork, big uproar in the united states. we have seen higher lean hog prices. that is critically important in china. what do you see in food prices and inflation in china centered around this pork? >> you are right. hikess often blamed for in chinese economy. right now consumer inflation remains tepid, around the target of 3%. no major signs of an outbreak. >> very good. guy: thank you very much. kongng us out of hong earlier on, nick dark side still with us. storyoes the china debt stop manifesting itself? >> at the moment it is very little evidence, as the chinese economy keep scrapping alone. when do we actually start to see the reality of the story coming through? >> much later than people think. countriesnk a lot of with a lot of debt, italy, japan, what happens is you have the idea of a rolling loan gathers thomas. the key is the cost of finance in china. it is pretty low. stubborn.s debt is an ever present issue. level, they economy will be a shifting of that from

alison: tom roussey joins us from reagan. what is it looking like now, tom, any better? tom: better, but still a long way from good. planes are finally taking off and landing, but what a mess at all three major airports in the area, a lot of flights canceled. there is finally some red, which is a good thing compared with an hour ago. in the last hour the planes finally moving again at reagan national. i'm told there's a similar situation at dulles starting a little before 7 p.m. the airplanes just sitting, not getting in or out, creating a mess for passengers. i talked with some folks who had to rebook for tomorrow night. a lot of frustration. threesat on the plane for hours. a were trying to decide what to do with us. they finally decided to let us off the plane and rebook. >> nobody could answer your on the phone or at the window. that's it, you are on your own. they were telling us we could not get out tonight. tom: this is video from dulles. the planes were not taking off or landing earlier because of the air traffic control center in leesburg that handles high-altit

thank you. >> host: tom bevan, the color they are bringing up the cost of premiums. can you talk about that a little bit and how the congressional budget office scoring in the next scoring of what i've heardr the compromise that comes up with will be so important in that debate? >> yeah, premiums have been rising. democrats have been rising at a lower rate. republicans would argue the opposite, which is president obama when you pass the plan that he was going to decrease premiums and the fact that hasn't happened. the bill is a failure in that regard and they want to bring premiums and deductibles around and increase access and opportunity for folks to get health care coverage. that is certainly part of it.g e cbo is the story issue they are coming to her to pieces. one is how much it is going to cost and the other is how arere people when it covered or not get covered. they are taking issue with the coverage because it's one of the most problematic pieces of it and they point to the fact when the cbo scored obamacare, they said 20 million folks are going to be cover

tom: will it continue? i think the key question is can policy drive us to a better, more robust labor economy? diane: policy already has. that is through having easy monetary policy and they had to shoulder the burden almost alone at the fed going too far on unconventional policies. that has gotten us here. that being said, this is not the same here at 4.3% or four point or percent of women as the even the early 2000. we have a lot fewer people participating in the labor or is. white, people who are prime aged men not in the labor force. --s occurred among that gets to core issues about structural change in terms of where the jobs are and how we trained to be able to earn what they once good. there is a huge skills gap. i talked to a lot of employers that say they cannot find anyone. there talking to millennial's and are frustrated. they say it is a tight labor market. their wages are going up. or they are not paying up because they cannot find the right person even among the most educated. it is a unique s

>> reporter: that's right, tom. we're talking about people expected in new york city alo alone. 60,000 fireworks exploding overhead, and that's why security is so important tonight. >> 3 million. thanks so much. >>> new jersey's budget standoff is over after chris christie agreed to a late night deal. state beaches and parks are back in business, welcoming visitors on this fourth of july holiday. the governor is dismissing criticism that he and his family were enjoying the beaches, you can see them there, that was close to everyone else. >> i have proven of the last eight years i have to choose between my family and political optics, i'll pick my family. >> that photo is rocketing around the sbempbt. >>> now to the police officer what was stabbed in the next at the michigan air strike. he is talk than for the first time, and about the man he calls a hero. here's abc's alex perez. >> reporter: tonight, for the first time, that airport police officer brutally attacked while on duty is speaking out. >> i truly think it

tom? >> gloria, thank you so much. >>> next we want to turn to the big fires out west. the effort to knock down dozens of raging wildfires. more than 40 large fires now burning. this shot of the whittier fire seen from the ground. video showing just one of the aerial assaults, as temperatures soar to triple digits. and thousands forced to evacuate. including a camp full of kids, temporarily trapped by the flames. marci gonzalez reports tonight from the fire line. >> reporter: fast-moving flames jumping the highway as thousands of people try to outrun raging wildfires across the west. an all-out assault against the california infernos. the blaze in santa barbara county surrounding this summer camp. nearly 80 campers evacuated. some in tears. >> come on, girls. >> reporter: this neighboring camp, destroyed. steel beams, leveled homes, and shells of vehicles lining the path as michael lopez made his way back. >> i'm going to go see if my house is still here. >> reporter: his hope, crushed. >>

i'm tom llamas. and we begin tonight with president trump, exploding over the multitude of issues clouding his administration. less than 24 hours after the stunning shake-up at the white house, the president ferociously unloading on twitter. his tirade about leaks, the russia investigation and the new bombshell report about attorney general jeff sessions and the campaign. the new white house communications director digging in on his first full day, explaining why he's deleting his old tweets criticizing then-candidate president trump. abc's david wright starts us off. >> reporter: today, the president's flamboyant new communications director -- >> thank you. >> reporter: -- sought to kiss off any and all harsh words he's had in the past about his new boss. tweeting, full transparency, i'm deleting old tweets. past views evolved and shouldn't be a distraction. former wall street executive anthony scaramucci was already at pains to explain how in 2015 he called donald trump a hack. >> that's another ha

parole system decides, i will go with the government tom: tom roussey, abc 7 news. nancy: developing news from the white house. aurces are telling abc news chief spokesperson for president trump's personal legal team has resigned. he was working on the white house defense against the probe into russian election interference in the 2016 election. there has been no comment yet. we will keep you posted. and breaking news from "the washing a post," reporting president trump asking advisers about his ability to pardon aides, members, and even himself in connection with the russia probe. senator mark warner responded to that report, saying even the possibility the president is considering pardons is extremely disturbing. alison: a year-long missing persons case is over tonight after a woman's body was found buried in a field in hancock county, maryland, but it is a discovery that likely never would have been made without a surprising deal with a man behind bars. richard reeve reports. richard: it was here on this remote piece of property in hancock, maryland, where invest

tom. i can tell you that thousands of ms-13 members are in the country that number changes every day depending on who we deport and who neeks? -- sneaks. in. as far as sanctuary cities, i don't know how they feel about recent legislation. but i'll say again, sanctuary cities are criminals' biggest friend. if you're an alien smuggler, smuggling people into the country for a live, that's one sales pitch, get you to a sanctuary city where that city will help shield you from immigration. i said it, i heard -- every time i speak i say sanctuary cities need to help us keep the city safe. sanctuary cities not engage public safe by but they endanger my officers because when we can't get a violent criminal alien out of jail, it means one of our officers has to go knock on a door which is one of the most dangerous thing to do. so rather than arresting the violent criminal in the safety of jail, we have to go knock on the door. our officers are put at risk, the public is put at risk, the suspect is p

tom up against the clock, tom burns president of korea society. i'm not sure this is not going away any time soon >> so much attention has been on international issues, the president and senate are expected to make a strong push to pass a senate healthcare bill >> mitch mcconnell has not been able to get the votes needed calling it complicated. they're also proposals being kicked around, nothing is getting overwhelming support either way, president trump said if the senate cannot pass a bill, they should repeal and replace obamacare later. >> next up disabled veterans hitting the waters in our area, we will have more from an organization teaching them how to navigate those waters and fox news sunday is coming up as 9:00 a.m. of here's a preview from chris wallace. >> this week on fox news sunday, president trump meets with vladimir putin. we'll discuss where things stand on syria, russian meddling in the last election and the trump agenda when white house chief of staff reince priebus. the senate returns from recess is repeal and replace in troubl

. >> my name is tom marek. when my brother robert died in 2015, he left me an arsenal of weapons -- swords, knives, guns, hatchets, you name it. >> hi, tom. i'm jamie colby. >> hi, jamie. i'm tom marek. >> it's so great to meet you, but i have to be honest. from what i've heard, your inheritance is a little disturbing. >> it's quite unique. >> well, let's take a look. oh, my god, this is not for real! i am totally creeped out right now. >> we have axes. we have knives. we have mallets. >> guns. >> there are a few guns in here. >> floor to ceiling, in every nook and niche -- big and small, sharp and blunt. intricate rows of knives, arrays of swords, hoards of hatchets. talk about "axes of evil"! >> you have to look at this more as an art display. i mean, my brother compiled this collection over his entire life. >> and he lived here? >> he lived here. >> in this room? >> his tv's in here, his bathroom is in here, and his bedroom is in here. >> where's his bed? i don't see a bed. >> up in the rafters. >> i know th

former oregon number tom mccall who was known for his strong environmental policies. right now we hear from author richard clucas about the complexities of oregon politics. >> the name of the book is "oregon politics and government." we specifically chose the second part of that progressive versus conservative populists after we discussed kind of what the state was like. it's an edited volume, and there are actually 14 different scholars involved in participating in it, so a considerable discussion about the best way to describe oregon. we could have called it just liberal versus conservative, but we felt that wouldn't capture the character of what oregon is about. oregon has long been known as being a progressive state, that it's doing new things, that it's going somewhere, that it's using education and the best practices to try to develop policies that work well. and so that's why we chose progressive rather than just calling it liberal. we could have called the rural parts of the state conservatives. you know, like liberals, there's lots of types of conservatives.