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timetable for lawmakers to come together to try to come up with a new alternative to obamacare before it would be fully repealed in two years.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,
Unilaterally. More bad news for struggling noble. Bankruptcy may be the only way forward. Good morning. This is daybreak asia. I am betty liu in new york where it is just after 7 00 p. M. It is just after 7 00 a. M. In hong kong. I am yvonne man. Misslk about mrs. Today es today in earnings. South korea coming in negative at 3 drawdown or the month of june. The estimate was for quite a sizable uptick at 1. 1 . Also not looking great. We are seeing it down. 2 . Economists were expecting a 1. 6 spread. We did talk about gdp yesterday, which did slow down from the spread we have seen in the First Quarter. We will continue to watch how this ways out in korea in just about an hours time when they inct plays out in korea just about an hours time when they react. Tech has a lot to the downside. Day loucheave had a of earnings. We are going to amazon in a moment. Eluge of earnings. We are going to amazon and a moment. We will have retail sales as well as inflation giving more clues. The fed se
Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is saying in new jersey yesterday. Do we know whether general kelly said at this in advance . Invented this in advance invented that vetted this in advance . Administration who say that with regard to military strategy the president is making good on his campaign prominence in the sense that he is not looking to broadcast or forecast what his military strategy would be and that is why you are seeing him embrace this level of unpredictability. Yous very different to say are going to be unpredictable
Scott paul, the president of the alliance of American Manufacturing also announced his resignation a short time ago. Former treasury secretary Larry Summers said that is not enough, not enough he goes writing an cand piece no advisor possibly believe he or she is being effective at this point and all should be ashamed for President Trump is currently Holding Meetings in new york and Kevin Cirilli is right outside and we are joined by a former by a bloomberg columnist and an author of a comprehensive hes of Stephen Bannons and a comprehensive piece of Stephen Bannons role in the administration. What is President Trump doing in a data building behind you . Heavy he is facing a security presence where he is inside having a series of meetings. Later this afternoon, he will have an infrastructure meeting i am told it will be an executive action of some store sort instructing folks to look at the permanent process for Infrastructure Projects to provide disciplinary action should there be any
At 8 30, well get u. S. Housing starts and Building Permits for the month of july. Then talks begin between the United States, canada and mexico, get underway in washington with the first round of negotiations beginning at 9 30 this morning. And later in the day, the fomc will release minutes from its july 20 to 26 policy meeting at 2 00 eastern time this afternoon. But in the meantime, the fallout continues from the remarkable News Conference President Trump had here in new york yesterday, where he once again appeared to change his view on who was really to blame for the riots in charlottesville. And this as part of an attempt to refocus on infrastructure. Joining us from washington, bloombergs Senior Executive editor for International Economics and government. So marty, welcome back. I think its fair to say this was an extraordinary News Conference. I really want to focus on the fact that this was all to really focus on infrastructure. That was why he was there, we thought why he cam