mike reagan joins us in new york to wrap it all up. , mike, what were the highlights -- the highs and the lows? mike: tech investors can breathe a sigh of relief today, especially for many of the sox -- stocks that have been the story stocks, the focus of attention this week. we saw, for example, amazon up 1.1%, even after another tweet from president trump this morning, calling into question what exactly he wants to do about amazon. facebook up 4.5%. nvidia up about 4.5%. these were the stocks that had people nervous earlier in the week. as you mentioned, for the start of the year, tech is still the standout. the s&p 50000 up, technology index of about 3% for the quarter, even as the overall s&p 500 was down 1.2% for the quarter, the first quarterly drop for the s&p 500 since 2015. some eye-popping gains for the quarter. netflix up 54%. amazon up. nvidia up. it's a great quarterly story for the tech sector specifically, even after a pretty nailbiting week for the group. emily: netflix and amazon defying the odds. i have an interesting

we are joined by our senior editor mike reagan.eus that people worried about what kind of trade war might transpire this year given we've gone through six rounds of nafta talks. julia: the seventh round now. [laughter] scarlet: we had not actually gotten many details. being moreings are concrete and people are nervous, this seems like an opportunity to move. mike: i think most of wall street forgot about the platform of trump. we are getting reminded about it. a, a country is that runs a chronic trade deficit is not in the best position to start a trade war. joe, you are a boxer. it is like me fighting mike tyson. if you look where the biggest imports of steel were coming from, brazil, south korea, germany, china. there's a lot of potential backlash from this. we have seen some of the announcements from canada. joe: i am not a boxer. i hit bags in the gym. [laughter] ascribeays difficult to news to selloffs. do see is the russell 2000, the smaller cap they were only down .3%. steeper losses for the s&p 500. it is a signal that to s

emily: mike reagan, our bloomberg senior editor, and caroline hyde, for us in london. thank you both. aswill see if it is not just eventful a day tomorrow as it was today. ok. in the latest revolving door, iran is said to be leaving the company. this comes after a deadly crash of an uber in tempe, arizona. arizona has shut down the testing of uber's self driving cars. it will not renew its permit california to test these cars on the road. in another revolving door, equifax has named mark as ceo. , he hasng director pledged to spend more on strengthening security. the appointment come seven month the shares tumbled. facebook is delaying the unveiling of new home hardware as the fallout spreads to its hardware line. and if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app. this is bloomberg. ♪ emily: tim cook is weighing in on the facebook crisis. the apple ceo said he would you for if facebook and others curb their use of -- he would prefer if facebook and others curb their use of personal data. he thinks the best regulation is self-r

joining us now to discuss is mike reagan. great to have you with us.ebook is the epicenter of times theg, a lot of companies are hit with alarming news and then you see analysts and have a share price cut. was facebook. it goes to show this is a big risk for them. it is hard to quantify. the analysts are being cautious. wasyou wonder what the stock investors are saying. scarlet: it is a steady drip of negative headlines -- >> seems to be snowballing. that is the point david kirkpatrick made. besides facebook, what else are people talking about in the markets? today, stocks had started to go down. week rollover.st there was a feeling heading into the weekend and this lit a fire. obviously the fed on wednesday. everyone wondering if this will be the time they signal four hikes. that is a big issue. i was not sure what is so bad so i put out a blog post saying, tell us what you think. one guy thinks the shinzo abe poll numbers in japan were troubling. he thinks that might be in the mix, we have president trump with alarming tweets about robert mueller. a

joining us for a look at what to expect is mike reagan. great to chat with you.oy the weekend, because q2 could be another ride. >> once volatility is reintroduced to a market like this, it tends to linger. i don't think anyone is very comfortable that we will revert to the low volatility we saw last weekend. there's a lot of economic data softening globally. seems like we can adjust the chin straps for now. not just volatility in the tech sector, broader volatility and the realization, not just the expectation, of that volatility. talk to me about what is going on here. >> these daily swings in the market have gotten bigger. that influences -- people are looking at the recent past and sort of betting that we will ignore it in the future. the volatility gauge for the nasdaq 100 is the one that is blowing up. move on and talk about whatever else is going on in the markets. we can look at what is going on as far as the flattening of the curve, particularly in recent sessions. talk me through that. >> it is becoming front and center of investor concerns. hasave eigh

navigate those treacherous shoals with nancy reagan who was the personnel director for for ronald reagan and mike deaver who was almost like a son to reagan and baker was smart enough to make them allies and so when the real hard right wing came after baker he he he was able to fend them off. kelly is just not nearly as politically savvy as james a baker the third and i would have thought that kelly would find a way to finesse this and and manage to have questioner continue to function and and carry out whatever this portfolio portfolio is but it appears that it's coming apart and so it's but it's not easy dealing with family in the white house what is cushion is qualifications marked in some. sorry the middest he married the president's daughter i mean that's from what i can tell me he doesn't seem terribly qualified or steeped in you know any kind of deep mideast policy background at all so i look i mean it's all about family it's all about bloodlines and again this is one of the many norms that has been just sort of blown up in this administration and typically he wouldn't be there this didn't

mike pompeo has understanding. this is a regime, the north korean regime that signed the nonproliferation treaty in 1985 under pressure from ronald reagan but basically violated every year after that. i think it will be a very tough negotiation. i think having mike pompeo he said the president, and ace lawyer, ace military officer, an individual who is experienced being a congressman. he knows international as well as domestic politics. i think you couldn't do better than that. what it will mean is taking ahead of time, preparing for exactly what one, the endgame has to be known before you go in and i think, i think it has great promise. folks are skeptical and so am i but i think there is real promise. >> no rand paul is skeptical as well. thank you for weighing in on this matter. we will continue to follow developments of the career now moving forward from the cia to potentially the state department. of course he has to be confirmed by the senate.we will see what happens. thank you. >> yes, sir. >> a word between washington and those in the elitist party. the deputy director mccabe slamming the administration of being fired just two d

chief under ronald reagan had to, obviously, had to deal with nancy reagan, who was the so-called personnel director. he had to deal with mike deeber who was almost a son to reagan. it requires real political savvy. i see no evidence that john kelly has any political savvy and he demonstrated that when he stepped up to the podium in the white house briefing room and told untruths about representative wilson. so, this is a tricky proposition for kelly and he's not out of the woods by any means. >> general michael hayden, who is the former nsa director, said this. he thinks a lot of the problem here is the style of the president and his administration. that this incoming administration didn't necessarily respect the norms. regard the norms of what goes into the political process here. he said there are norms out there. not because they're arbitrary, through lessons learned through history we understand that if you don't do it that way, you are really increasing the odds things are going to end up unhappy. here's the thing. voters didn't want him to pract ths norms. they wanted him to do things differently. does this serve him

foundation donors, we have doe sents sents- docents i've seen, special friends of the reagans and, of course, mike weinberg's family members. if we introduce everyone, we still be here at breakfast -- [laughter] so i'm just going to say thank you all for coming tonight and welcome to a very special evening. before we hear from our author this evening, i thought a little background might be helpful especially for those of you that have not yet met mark weinberg. mark is originally from ohio. he served on the traveling press staff during the 1980 presidential campaign and then was asked to go to the white house press office to become an assistant press secretary. mark was one of the fors people that i met when -- the first people that i met when i started in the presidential advance office in january of 1985. back then, just like ronald reagan, mark was also beginning his second term in the white house, and although polite and reserved upon our first meeting -- personality traits rarely observed in masker after one's first meeting -- [laughter] he quickly included me in the team culture of the reaga

you had nancy reagan, who was famously described as the "personnel director" and that white house. she had to sign off on every senior appointment. family,mike beaver, not but he was like a son to ronald reagan. they were very powerful in the reagan white house. james baker was politically savvy enough to realize that he needed to form an alliance with them. when the hard right ideologues came after baker, who was considered the pragmatist, he prevailed because he had those alliances with nancy and others. it requires a deft political touch, which i don't think john kelly has. in fact, i don't there's anybody in the west link at this point -- west wing at this point with any real political savvy. host: virginia, democrat. caller: thanks for taking my call. i have a couple of comments and a quick question. jack earlier said that the white house needs to be run like a business. mr. whipple you said earlier that general kelly was wishy-washy on issues. down on said he doubles all of trump's partisan instincts. i never said he was wishy-washy. caller: i believe you characterized him as saying one thing and then another thing and then contradicti

have not only nancy reagan who was famously described as the quote, unquote, personnel director and that white house and she had to sign off on every senior appointment but you had mike dever who was not familyn but like a son to ronald reagan and they were very powerful in the reagan white house and james baker was politically savvy enough to realize that he needed to form an alliance with them so when the hard right ideologues came after baker was considered the pragmatist he prevailed because he had those alliances with nancy and dever and others. it requires a deft political touch which i don't think john kelly has and i don't think there's anyone in the west wing at this point with any real political savvy. >> host: charlottesville, virginia, democrat. >> caller: thank you for taking my call. quick question. jack earlier said that white house needs to be iran like a business and you said earlier that general kelly was wishy-washy on g issues. it was also stated -- >> guest: i said he doubled down on his partisan instincts. i never said he wasr wishy-was. >> caller: okay but you characterizedze him as saying oe thing and then another thing and contradictory himse

not pleased with rex tillerson had been serg -- circulating some time and mike pompeo was the next step and asked him in the reaganense forum in december and of course he didn't really answer. >> bill: >> bill: i think we have that cued up. >> let me start with this, if you were secretary of state for the trump administration -- have you had talks about another job? >> very focussed on doing what i'm doing, bret. in spite of what former dcis who told me it should be a part-time job now, it is all of that i'm focussed on. there's lots of work to do. i've been privileged to do this 10 months and have serve with the finest espionage service in the world. >> bill: what was your hunch or who was saying what in your ear? >> the stories had been circulating in washington and there was a story it would be happening soon and tom cotton would be at cia and mike pompeo would move to state. the question came the day after the story first posted and obviously he didn't answer that. >> bill: the critical thing i heard from the president trump is we're always on the same wave length with mike pompeo, is that true, when it comes

mike: paul was handling the number stuff. "trust, but verify" is what ronald reagan said.i didn't verify, and it's pulling this damn company down. lemonis: in order to be a leader, you don't blame people. you solve problems. take some ownership of your issues. when i think about making an investment, i think about investing in hard assets. -mike: mm-hmm. -lemonis: in this case, there's no cash flow, there's no real assets, and so the only thing that's really left is, "what is the farrell's brand worth?" mike: okay. lemonis: so i have interest in investing in two things -- the trademark and the locations themselves so i can invest in the people. and if i make an investment in these locations, there is no money going sideways. they stand on their own, and they either make it, or they don't. so, my offer is $750,000. but i want 51%. if your business is in trouble and you need my help, log on to... if yorheumatoid arthritisevere and you're talking to your rheumatologist about a medication, this is humira. this is humira helping to relieve my pain and protect my joints from fur

mike pompeo secretary of state. he's a hawk and a russia hawk. john bolton arrives on april 9. he is a reaganservative full stop and not a neo con or just a regular piece conservative and get him installed with the staff and gina haspel and get her confirmed and then the new foreign policy team with pompeo and jim mattis and bolton and john kelly and haspel in the boong booth. i love this new foreign policy team. and quiet strang of quiet men like george schultz and james baker and mike pompeo and haspel is what is most needed in this moment. >> and don't you need the back of the american public because night right now the president going after the investigation and what is at its heart russian meddling so fwrerequently he isd cutting the public opinion of whether or not russia did anything wrong. without general american support for this, general american belief that it actually happened and he's been trashing the intelligence community over this. don't you think that affects our ability to be tough on russia? >> no, i think it is possible -- secretary clinton told me the radio, it is possib

>> well, as you remember, joe, and i remember when ronald reagan sent it to an open mike with the bombingtes, right? and that was a joke. although it rattled -- i think it rattled the soviet union and he was allowed to get away with that joke. but trump, in a sense, is not because, for instance, the other day when he had all of his -- the congressional leaders around the table talking about the nra and gun control, he talked about due process, you know, take the guns first, due process later. people may not agree with me on the second amendment, but taking away due process first would be, you know, that's what duterte's philippines look like. that's what putin's russia looks like. so you have to worry about these things. >> and, again, he said that not because it was a mistake, but because that's his instinct. >> well, it could be -- >> no due -- no, no, he says take the guns first and then we will give them due process. it doesn't work that way in america. >> no. it's really important because due process is foundational to our freedom. if you take away due process, then the whole system

you had nancy reagan, who was famously described as the "personnel director" and that white house. she had to sign off on every senior appointment. family,miker, not but he was like a son to ronald reagan. they were very powerful in the reagan white house. james baker was politically savvy enough to realize that he needed to form an alliance with them. when the hard right ideologues came after baker, who was considered the pragmatist, he prevailed because he had those alliances with nancy and others. it requires a deft political touch, which i don't think john kelly has. in fact, i don't there's anybody in the west link at this point -- west wing at this point with any real political savvy. host: virginia, democrat. caller: thanks for taking my call. i have a couple of comments and a quick question. jack earlier said that the white house needs to be run like a business. mr. whipple you said earlier that general kelly was wishy-washy on issues. down on said he doubles all of trump's partisan instincts. i never said he was wishy-washy. caller: i believe you characterized him as saying one thing and then another thing and then contradicting him

watch on the right that has been endorsed by vice president mike pence, also supported by ed meese who is part of the group i describe since reagan was governor, and they were sending it regular mailings and i know this because we are on the list. they were sending out regular mailings in the runup to the 2006 election saying do you realize your election is about to be stolen by millions of illegal aliens? that was the phrase. that is purr incendiary button pushing, people who are fearful, see things change egg, don't pay attention to the news, don't have clue the last thing undocumented immigrants would do is try to vote. they're just trying to earn a living. don't want to get caught by the state. they're not going to be going to the polls and droves. voter fraud is a myth but being promoted aggressively by these people who are trying to rug the rules in their favor, so i think you're absolutely right that we need to pay attention to these manipulations, even as that is not my research didn't go into that area but i share your concern. >> great. well, we have made it through an hour and 20 minutes with no fake news, and we have

and we fondly remember president reagan calling the seagate check out the soviet union and evil empire. >> should he become secretary of state officially? do you think mike would be that person to make those types of affirmative statements? >> i think mike pompeo by virtue of his time at the cia and congress certainly has a sophisticated understanding of russia. and the fact that the post of the us in the world at large. i'm sure mike pompeo is considering what exactly he would like to say on the world stage about russia. and the value and impact of the statements. i think it will carry a lot of weight based on his experience in our government which is deep. and he is a sophisticated understanding of the threat that russia poses. >> daniel, thank you for your analysis. >> thank you. >> speaking of russia, president trump is bashing the russia investigation again. and any report that robert miller's investigators have notes from fired fbi deputy director, andrew mccabe, that he made with meetings with top officials. what do they mean and what could that impact? we will bring that to you coming up next. plus, we are learning the identities of six people th

reagan and conde rice was the second. and there's some good history there presidents finding who they want there. >> dana: one of the things that mike pompeo has to deal with, the talks with kim jong-un and president trump. and you have written about the korean peninsula. you think we're well-positioned to maintain troop there's? >> yeah. our troops have been there since 1950 and have been one of the great success stories for the united states and the world and how allies can work together to preserve the peace. whatever we do in south cry has to be in concert with what our allies want to do. we have a man on the job sensitive to that to protect the united states and our allies in south korea. >> dana: thanks, we have a special election for you and one -- >> assuming we win may 8. >> dana: thanks, tim kaine. and the wait house shakeup continues as the president replaces gary cohn as the chief adviser. we'll tell you who it is. which is the only egg good enough for my family? only eggland's best. with more farm-fresh taste, more vitamins, and 25% less saturated fat? only eggland's best. better taste, better nutrition, better eggs. al

governor mike huckabee on the 18 million people who tuned in to the show last night and what they are trying to tell hollywood. plus american-statesman james baker, president reagan's chief of staff speaks out in a rare interview and he speaks his mind about president trump, his answers may surprise you. general jack keane joins us nex next. >> you've got a president who fired his secretary of state, notifies him on twitter and calls kim jong un rocket man and in the next minute -- >> i thought that was rather humorous ♪ piano music >> vo: they want more out of life in every way. so they're starting this year's garden with miracle-gro potting mix and plant food. together, they produce three times the harvest to enjoy... and of course, to share. this soil is fresh from the forest and patiently aged to guarantee more of what matters... every time. three times the harvest. one powerful guarantee. miracle-gro. ♪ come to my window ♪ ohh ♪ crawl inside ♪ wait by the light of the moon ♪ applebee's to go. order online and get $10 off $30. now that's eatin' good in the neighborhood. ( ♪ ) stop dancing around the pain that's keeping you awake. advil pm gives tossing and turn

mike lee. how are you, sir? >> doing great, thank you. mark: good to see you. >> thank you. mark: now senator lee, you have quite a background. first of all, your father served in the reaganhe reagan administration? >> my dad was the solicitor general under ronald reagan during his first term in office. he was the federal government's

reagan, just say no. what do you want to say to mike huckabee? >> look, mike huckabee's a great friend of mine. was a mayor in the town of governor when he was my commander in chief. he can say it's disgusting. that's easy to say from the outside looking in. but as i said before, i believe strongly that we have a mandate to provide for the security of this country and in order to be able to get the gains that we did for the pentagon and for national security, there were concessions that had to be made. that's going to happen in any negotiation. you can call it disgusting all day long. there are things in the bill that i would prefer not to have to vote for. that's why we're sorting through it today to figure out are there any other issues that have popped up in this bill that will make it distasteful enough that we can't support it. and look, we've got until tomorrow to fix it. if not, we'll be looking at a short-term c.r. and back to the negotiating table. >> maria: mr. chairman, what about facebook and what we have seen, the companies are more powerful than they ever have been, mark zuckerber

mike lee. how are you, sir? >> doing great, thank you. mark: good to see you. >> thank you. mark: now senator lee, you have quite a background. first of all, your father served in the reagan administration. what did your father do in the reagan administration? >> my dad was the solicitor general under ronald reagan during his first term in office. he was the federal government's chief appellate advocate before the supreme court, representing the reagan administration in front of the justices. i used to go with him. that's sort of where i started to become interested in government. i would go with my dad when he argued in court. initially, it was a good way to miss school but over time i started understanding what was happening, and i enjoyed it, i found it fascinating. mark: rex lee was your father's name. >> yes. mark: but you yourself are are quite accomplished. you went to a great law school and you became a clerk to associate justice sam alito. how did that happen? >> i clerked for justice alito. clerked for dee benson in salt lake city. mark: who also worked at the justice department where i worked. >> and outstanding human being and great judge and mentor, and after

mike pompeo at the state department, someone the president has a real comfort level with. >> you know will, just thinking back to our best presidents that succeeded politically. roosevelt had harry hopkins. reagan had jim baker. they relied on certain people. they relied on certain people all the time. they needed a con sill aere. you don't know what this is going to lead to, mr. president or the consequence you haven't considered. you need somebody to second-guess you, not challenge you all the time but be a bigger brain for you. does trump think his brain is enough to answer all the big questions, make all the big decisions without help? is that what he thinks he can do? >> i think he does. he feels like he knows how to do the job now. in the first few months, he was managed by people like mattis and tillerson and john kelly who is now the chief of staff, the sort of generals around him. he now feels like he can make these decisions on his own and will look to get rid of people creating distractions that create bad headlines and bad political optics for him. the first place to look would be the va where secretary shulkin seems to be under a lot of heat right now. and maybe out soon. >> i was

mike, remember american politicians who could speak to the country and calm anxieties. that used to be what we would celebrate as the great quality of leadership. ronald reagan had it.on had it. this president has a approach that if there is a scab forming in american life over a difficult issue, rather than trying to heal that wound, he rips the scab off. we saw some of that in the speech in pennsylvania. we see that on every issue, every campaign, every speech. if something is wrong, if something is trying to heal in america, wlets rip it off and expose the friction and the anger. and i think that's the thing that worries me the most about him is we're a country that we are divided. had there is no question about that. that predates donald trump. the problem is that he just keeps driving a wedge deeper in the divisions. we saw that as clearly as i can remember in the speech in pennsylvania. and the only response in our democracy has to come from voters. people have to say, that's not what i want. that's not where we want the country to be going. >> john mcglock lynn salaughline recall presidents party by their words. inalienable rights, four score, nothing to fear