that is dame vera baird, police and crime commission for northumberland.ends the safety of the 737 max aircraft, saying he is sorry for the loss of life and insisting the company has a duty to eliminate risk. the us warns it will rethink its information sharing with western allies — if they use the controversial chinese telecoms giant huawei in their 5g networks. rape victims are being told to hand over their phones to the police or risk their attackers not being prosecuted. campaigners say they're concerned. in sport, alex hales is out of the world cup picture after england withdrew other batsmen from their squad. it follows the off field incident that led to a suspension. stevie chalmers, the scorer of celtic‘s winning goal in the 1967 european cup final, has died at the age of 83. he got the second in the lisbon lions' victory over inter milan. and ali carter are through to the quarterfinals of the world snooker championship after beating long. kyren wilson is also through. more on those stories just after 5.30. in spain, the socialists are celebrating

robert baird, vice chairman of equities joins us on set.t to start with what is happening in europe. i'm facing a conundrum. the european data is bad. you saw today with german factory orders. the biggest drop in 10 years. that fits with the pmi data and is a consistent picture across europe. what we have seen over last couple of days is the ftse down and italy. the german auto sector over the last few days entering a bull market. how i put these things together? >> i think we should start in china. solid pmi numbers out of china. germany is a big export market. 40% of its gdp comes from exports. there is concern about china and imports. they hit the german market earlier. i think renewed confidence that exports will pick up in germany have helped that area. the fact that the central banks have basically been taken out of the picture. ecb and the fed both mentioned they will do what it takes. i think mario draghi's terms the other day. most people, the issue about markets as they look for surprises. i've been on a long road trip recently, t

michael antonelli of baird will be staying with us.es away from the latest fed reading on the inflation gauge. this is bloomberg. ♪ lisa: this is "bloomberg daybreak serco i am lisa abramowicz great a softer tone of cloths -- a softer tone across global markets. the dow is flat. the ftse 100 has turned positive after being negative and the ibex is down .1% after the election. we do have grew down, the dollar up. 10 year yields rising and emerging-market currencies rising great we do want to bring you march core pce prices to give you a sense of what is going on. actually, missing. david: a little bit pure pce court of later is one the fed really looks accurate it is 1.6% which is a little less. the survey was 1.7%. month over month was zero, it was flat. are seeing decline everywhere except one indicator, which is personal spending, which came in above where people had thought. david: which is good for people concerned about retail sales numbers. income was up less than expected. .1% as opposed to .4%. income not have as much. spending

now that you think about it, it is almost that he will never be president baird ben shapiro host oneamerica's top podcast "the ben shapiro show," the author of the book "the right side of history," and were happy to have him on site tonight. >> i don't know how i kept a straight face while you did tha that. >> tucker: there are so many levels here, but i do believe this is the end of the beto o'rourke phenomenon. >> yeah, i think he is toast. >> tucker: what lesson should we draw from what we just saw? >> you can run in the moderately as bobby kennedy candidate so long as nothing newer is on the block. buttigieg came along and had intersectional credibility. the problem for beto had the problem being straight and also white. buttigieg is gay and takes precedence, and speaks more languages, including norwegian, and he doesn't just play guitar, he plays piano and does it with the whole deal. buttigieg has basically stolen all of his momentum, they think you're right, i think beto is toast here. >> tucker: speaking norwegian and playing the piano. i'm being sincere, actually impressive.

we're an investment banker baird wrrks i represent the equities business our business is soft on the all struggle under that at the moment i would have thought that's a buy signal for the future because volatility should pip bik pick up. what was more, i think, optimistic for me was that the retail side of the business, ie, the loans, corporate loans, industrial loans, personal loans, were strong, and they were quite bouyant the interest margin has provided that to me proves the u.s. economy remains strong >> i was going to say, isn't that a reflection of the u.s. economy? how do you put the context of people being so negative about the u.s. and the u.s. economy's prospects to the results that have just come out of the banks? the banks are showing a very different picture. >> the banks -- some of the banks beat the numbers not by a large amount, but there was concerns going into the quarter for all earnings it was going to be lower you know, they were seeing the -- et cetera the outlook was quite weak with regard to the banks, we actually like the banks down here we can discuss that

phil roe and james baird. thank you very much. thank you, fellas. [applause] mr. trump: and they're having a good day. i'm having a good day, too. it was called, "no collusion. no obstruction." [laughter and applause] mr. trump: there never was, by the way, and there never will be. and we do have to get to the bottom of these things, i will say. and this should never happen. i say this in front of my friends, wounded warriors. and i just call them "warriors" because we just shook hands and they look great. they look so good and so beautiful. but i say it in front of my friends: this should never happen to another president again. this hoax -- it should never happen to another president again. thank you. with us on stage today are the wounded warriors from the air force, the army, the navy, the coast guard, the national guard, and the marine corps. each of you is a living testament to the outstanding determination, persistence, and patriotism that made this the greatest nation ever to exist on the face of the earth. and, as you know, we're spending the biggest numb

this five story building in the town of baird and is also made with straw bales supported by a structure of wooden posts and beans. that houses the north german center for sustainable construction ditmar hakon teaches courses on ecological building he says store is there for the taking in many parts of the world. india india for example it's one of the world's largest producers of rice and other cereals so the potential is huge. plenty of crop stems just lying around a lot gets burned causing environmental problems smoke and carbon dioxide. so if we can find a use for it and we thereby could keep the carbon in place. you certainly have to know what you're doing with this kind of construction with a little instruction for any man and any woman can master it. and that's what's great about it. and this is the sort of go back to weimar while the hope is half of the duplex is still being plastered the other half has been completed and the onus have already moved in. the. village to families reminisce about the massive load of straw bales they started with two years ago they were determined to

tim is director of advanced planning for baird it's good to see you todays something new, but you sayook the avon lady and today's uber driver have a lot in common. how so >> yeah. this concept of the home-based business or the side gig or whatever you want to call it has been around for a long time and nothing new, going back to avon and tupperware and the old door-to-door vacuum salesman it's take an different for and more common than it used to be. >> when we talk about the so-called side hustles, these are businesses that you're operating, it's a business that you essentially own, and you're spending money to make money what kind of business expenses often get overlooked as tax deductions that you should account for throughout the year? >> yeah. you may think of this as a side income but you're running a business and you're a best owner. you want to keep good records of all of the activity of the business, including the expenses you're incurring an uber driver you have a lot of mileage expepsz and transportation expenses, obviously. you have -- if you're one of those who provides

football moves quickly and is often inexplicable which led to these deflated scenes afternoon baird's latest relegation six pointer against. sting i think only one team deserved to take all three points today and that was us in view i think we deserved to win where we're way better. today. knowing barrack are well acquainted with the fast paced world of football riding on a wave of euphoria after promotions based taken some heavy blows and even won twenty games without a win coach michel foucault now was succeeded by his former assistant for the straw must summers has shown confidence despite his difficult situation. because that's what he's been given the situation shelter in the changing coaches with their budget and with their investment and i think the pressure is more on the down to haul it do it all between by the hmong. but i can feel he's got a point the pressure is massive for shall because football moves quickly but when you go from runner up to relegation candidate overnight even the most experienced coaches can lose their nerve. showing to us it seems like the whole world

baird-schlegel: i remember him lking with long strides through town with something on his back. ller:e nice surf out here today.

mr kagan it's good to have you on the program i want to ask you what is the purpose of mr stilton baird's address to congress is he strengthening the ties that bind or is he trying to save those ties that trump has not already sever. well i suppose you could say he's doing both i think it's a very strong statement by a bipartisan majority in congress that they support and continue to support the nato alliance that served american interests so well for other overset for seven hears and i do think they are sending a clear signal to president trump who has raised doubts about the american commitment to nato in a way that we've not seen since that alliance was first organized the worries at nato are they a symptom of a greater unraveling well i think so i mean that look at the heart of this security alliance is the american commitment it was an extraordinary commitment it was an unusual commitment it was certainly a product of circumstances post world war two the dawn of the cold war and i think it even before donald trump there were increasing questions among many americans as to whether we

larry baird expected to come back from suspension on july 1.ngoria down the left field line. he clears the bases with this double. that's the biggest hit in his brief giants career. three runs score that's the ball game. giants beat the dodgers, 3-2. >>> how about the a's in boston tonight. wedding vows. >> so sweet! >> and box seats. michelle and ian from san jose. >> congratulations. >> just married. honeymooning at fenway park. hey, babe, i've got a great idea for our honeymoon. we're going the ballpark. >> they look happy. >> a six-run third inning for boston. the red sox win this game. final score 9-4. the a's' fourth loss in a row. >>> okay. and the tony goes to? a bay area group receiving a huge honor. that's coming up next. ♪ [ crying ] ♪ you protect them at home. we help protect them online. this is beyond wifi. this is xfi. simple. easy. awesome. xfinity. the future of awesome. supposed to be good news, right? not for one small cafe that is exposing a bigger probl >>> a strong job market is supposed to be good news. >> but not for one

that thread runs from the scotland of david hume and adam smith to the country ofjohn logie baird, alexander his nobel prize—winning discovery. 0ur nation values education, and that is why i will always make this commitment to scottish students. as long as the snp is in government, there will be no tuition fees. cheering and applause education will always be based on your ability to learn, not on your ability to pay. 0ur universities today face a grave brexit threat. european research grants at risk, collaboration damaged, european academics leaving. the end of free movement in theresa may's deplorable hostile environment will make it harder to attract the world's best minds to scotland. so, friends, i make no apology for taking the opportunity again to send a message to all of our fellow eu citizens — whether you are studying or working in our universities, saving lives in oui’ in our universities, saving lives in our health service, creating wealth in our business community, catering for our tourists, or harvesting our food, wherever you are in scotland, and whatever you do, you are part o

that president jim baird because he did not believe that paul ryan and mitch mcconnell had his best interests at heart and stuck with mark meadows and jim jordan who helped them down this path that led him to a 35 day shut -- shutdown with the president's son who had been a real estate executive, his family thought he could get an immigration compromise with little evidence that he could. i think you saw the inexperience and the inability of the white house combined with a deflated andblican party and in bold democratic majority and donald trump linked. he did not get the wall, declared an emergency later on and believes he is getting the wall he wants at the end of the day. host: david in grand rapids, michigan, democrat. caller: since the beginning you are talking about accomplishments from donald the duck trump. you were saying that the only thing he has done is pass that tax thing. that is my point to republicans who keep saying he did all this stuff. no, all he has done is lined his pockets of himself and his other rich white buddies. so to say that he has done this country good, that is

downgraded two notches by baird. the issue there is pulling nvidia down, also falling more than 5%. all of the chip stocks having a tougher time as we are seeing concern out of that 2019 rebound we have seen in the chip stocks may be overdone. that concern or that pullback we were seeing for the chip stocks and tech in general has been indicated for us by the relative strength index. this showing you that it has been -- this is the s&p 500 tech sectors, you can see that strength has been on the rise. finally, oil is taking a break from its rally, wti down 3.6%. we saw six-month highs earlier in the week for oil in response to exxon falling 2.8%. they had a shocker of a first-quarter earnings, all down to the refining business. david: thanks. vice president biden is now in the race, which should just about complete the democratic field. we have yet to hear from a prominent independent. we talk with the cheap spokes -- the chief spokesperson for howard schultz, next. this is bloomberg. ♪ power this is "balance of " on bloomberg television. we turn to mark crumpton for first word news.

jim baird and jim banks, great representatives, thank you very much. tremendous help, tremendous. to recognize secretary of the interior, david bernhardt, what a job he has been doing. david, thank you. thank you. a great friend of mine, kentucky governor matt bevin. [applause] pres. trump: thank you, matt. and the house gop whip, a man with more courage than most of us here today. he took some very, very severe shots, you know that. by a madman. and he is stronger and better. i actually told him backstage, i said, you are much more handsome than you were two years ago. i don't know what is going on. he is. steve scalise, a lot of courage. thank you. [applause] pres. trump: thank you, steve. and most importantly, i want to thank all of you, the proud, card-carrying members of the n.r.a. [applause] pres. trump: every day, you stand up for our god-given rights without exception, without fail, and without apology. together, we are fighting for the timeless values that have built and sustained our nation. and our nation is greater today than it has ever been. stronger, richer -- we ar

so baird makes himself absent by basically canceling delaware's vote and convinces a colleague from vermont that the democratic congressman from vermont can cast a ballot for jefferson and jefferson is elected president of the united states after 37 ballot and ten days of debate and is sworn in and two weeks later. go to the gilded age which i studied for that brilliant book the triumph of william mckinley and you think politics today is broken? during the debate in 1884 editor of measure that fails one member of the democratic party stands up and excoriates a fellow democrat in such personal terms the offended member says mister speaker, the member is violating the core of the house and the speaker says the honorable gentleman from georgia is out of order and turns to his colleague and said i will not blank you if you are a dog, four letters. we have appear go in 1889 through 1890 in which not a single bill is passed in the house of representatives for nearly 41/2 months because the demoats announce they will not answer the rollcall and thereby deny the house a quorum so no business could

jackie, thank you jim baird and jim banks. great representatives. thank you all very much.remendous help. tremendous. i also want to recognize secretary of the interior david bernhardt. what a job he's been doing. david, thank you. thank you. a great friend of mine, kentucky governor matt bevin. [cheers and applause] thank you. and the house g.o.p. whip, a man with more courage than most of us here today. he took some very, very severe shots. you know that. by a mad man. and he is stronger and better -- i actually told him backstage, i said, "you are much more handsome than you were two years ago. i don't know what's going on." and he is. steve scalise. a lot of courage. thank you. [cheers and applause] thank you, steve. and most importantly i want to thank all of you, the proud card-carrying members of the nra. [cheers and applause] every day, you stand up for our god-given rights without exception, without fail, and without apology. together we are fighting for the timeless values that have built and sustained our nation. our nation is greater today than it has ever been.

drugs facing patent cliffs and i.p challenges which will probably not be viewed as sustainable over at baird, brian telling us there isn't a lot to be excited about. the big new migraine drug looks pretty bad for what people think is a mega blockbuster drugs at this point and that drug coming in at $59 million and analysts were looking at $89 million. again, enbrel reported a noteworthy beat and rapatha and a cholesterol drug were somewhat discouraging and you can see why amgen are not trading much in the after hours. >> it's worth noting so far this year, biotech more than tripling the performance in the broader health care sector and both underperforming the s&p and just had more to do with biotech and the historic underperformance of the broader health care space. >> i'm not really sure you overlay the political climate, and for me, even though they're down a lot i can't live with the overnight. i just can't live with that kind of uncertain so if you want to be, posed with the xpi or ivp >> they traded horribly coming into this. i think tomorrow morning for the next couple of weeks it's n

joining us is baird's senior research analyst for aviation. di investments is still with us. is still a little bit of uncertainty regardin exact software737 max solution will be approved. until they know this final details, they don't want to have to come back to investors a second time and change those initial guidance outlook details. david: in the premarket, boeing is up on the news. does that surprise you at all? normally when a company says we have some problems, that is not taken is good news. why did the market apparently preliminarily say this is good news? in line think what is with expectations is the fact that the software solution is trucking to what is ultimately going to be the solution. we've been saying since march that the software solution would be the fix here. so far everything is tracking, -- tracking, and they expect to have a solution. there is nothing more negative coming out of that, and they can make an assessment once the details are final. alix: sylvia, do you like boeing? theia: a little more before 737 issues. i t

for more on tesla's struggles, we welcome ben callow, robert w baird analyst.ing us. you just heard what taylor had to say. may be a revenue miss of as much as $1 billion. do you agree with that? guest: this wasn't good, and there's no way to spin it. i think the biggest thing that stood out to us and other investors we've talked to is the miss on the s and x. we were looking for 17,000 within the quarter liveries. they came in at 12,000. for a car that is seven years fiven the case of the s, years old in the case of the x, does the car need to be refreshed? i think we get new information on that to drive demand further. i think it has less to do with tax credits. deliveryree, the three wasn't great, but it was where we thought when we were looking for 50,000 deliveries. this has a lot to do with timing as they start shipping to asia america,e, now north asia and europe. be a lot ofoing to seeing is believing as we go forward here after this mess on the s and x. david: how much of this is a flagging appetite for these vehicles? guest: with the three, we don't s

jim baird, jim banks, great representatives. thank you all very much. tremendous help, tremendous.lso want to recognize secretary of the interior david bernhart. what a job he has been doing. david, thank you. thank you. [applause] the great friend of mine, kentucky governor matt bevin. [applause] thank you, matt. and the house gop whip, a man with more courage than most of us here today, he took some very, very severe shots, you know that, by a madman. and he is stronger and actually better. i told him backstage, you're much more handsome than you were two years ago. i don't know what is going on. he is. steve scalise. a lot of courage. thank you. [cheers and applause] thank you, steve. and most importantly i want to thank all of you, the proud card-carrying members of the nra. [cheers and applause] every day you stand up for our god given rights without exception, without fail and without apology. together we're fighting for the timeless values that have built and sustained our nation. and our nation is greater today than it has ever been. stronger, richer, we're doing better tha

james baird was dragged through the streets of jasper, texas and i think he was found by either two or three white males. that was 20 years ago. i give to my family my deepest sympathy as i give give -- -- for our witness who came to speak i abhor muss limit -- anti-muslim views, anti -- antiasian and latino, and any other hatred, religion our otherwise that plagues this nation. is the main target of white nationalists african-americans? >> the core ideology, which is a euphemism for white supremacists, the core idea on the is the belief in the imminent stings of the white race because of a flood of non-white people and orchestrated pun pet tiered by jews. >> may i tcontinue again, let m prayerfully offer sympathy for the unspeakable tragedy. my brief question to you, sympathy to your family, is did you teach your children, your daughters hatred? >> absolutely not, congresswoman. i taught my children our faith on every sunday afternoon for three years and a half. that is why they were all loving and caring, and cooking and distributing food downtown to non-muslim people. i also sit on

but he say that coming from texas, i must take note of james baird which as a member of the united states congress and this committee provoked and generated the original hate crimes that were passed in the 1990s were early 2000 he was dragged through the streets of jasper texas, decapitated an african-american male minding his own business and found by two or three other white males and that was almost 20 years ago. i get to his family my deepest sympathy as well as i get to the courageous witness who's come to speak of his children and the horrific crime. i want to say that i got for of poor the anti-immigrant views and anti-asian and latino and any other hatred religion or otherwise that plagues the nation. let me ask the representative from adl first of all, is hatred or racism a reality? >> absolutely, congresswoman. >> the core ideology of white nationalism which is a euphemism for white supremacists, there are different types but the core ideology is the belief in the imminent extinction of the white race because of a flood of nonwhite people and other people that they feel are dege

phil roh and james baird. thank you very much. they're having a good day.'m having a good day, too. it was called no collusion, no obstruction. [cheering and applause] there never was, by the way and there never will be. and we do have to get to the bottom of these things, i will say and this should never happen. i say this in front of my friends, wounded warriors, and i just call them warriors because we just shook hands and they look great. they look so good, so beautiful. but i say it in front of my friends, this should never happen to another president again, the hoax, it should never happen to another president again. thank you. with us on stage today are the wounded warriors from the air force, the army, the navy, the coast guard, the national guard, and the marine corps. each of you is a living testament to the outstanding determination, persistence and patriotism that made this the greatest nation ever to exist on the face of the earth. and as you know, we're spending -- >> sandra: you are listening to the president address the wounded warriors in t

phil rowe and james baird. thank you very much. and they're having a good day.a good day, too. it was called no collusion, no obstruction. there never was, by the way, and there never will be. we do have to get to the bottom of these things, i will say. this should never happen. i say this in front of my friends, wounded warriors, and i just call them warriors because we just shook hands and they look great. they look so good, so beautiful, but i say it in front of my friends, this should never happen to another president again. this hoax, it should never happen to another president again. thank you. with us onstage today are the wounded warriors from the air force, the army, the navy, the coast guard, the national guard and the marine corps. each of you is a living testament to the outstanding determination, persistence and patriotism that made this the greatest nation ever to exist on the face of the earth. and as you know, we are spending the biggest number of dollars we've ever spent, not even close, you know that very well, general. $700 billion my first ye