♪ david: you have been the ceo of uber for how long now? dara: two years. david: two years? you enjoy it? dara: i love it. david: when you came in, the company was not a public company. you have taken it public, and you have received a lot of publicity about the ipo. obviously you know that. the company now has a higher market capitalization, roughly $72 billion. something like that. higher market capitalization than any company in american capitalism history, except for facebook, this short a time after its ipo. why are so many people criticizing you for having a $72 billion market cap? dara: [laughter] i think there are many critics out there, especially for a large company. that is a fact of life. i think what is different about some of the technology companies of our generation that are coming public, the so-called unicorns, is that we have stayed private for longer. and we have raised more money over a longer period of time. and as a result, when we come public, we generally have bigger scale than companies who went public, let's say, the last generation of companies th

david: you became the ceo of expedia. dara: i did, yes. david: did you have experience? did he think you would be good at being ceo? dara: he was desperate. we were in a situation where one of the founders of expedia who was running it decided -- this stuff happens naturally -- founding a company, building a company is different from managing it. and moving it into a mature state. this person decided, i am not up for the ceo gig anymore. can you find a replacement? david: you were not the first choice? dara: i have no idea, i never asked him. i raised my hand and he said yes. david: the board gave you stock options worth $180 million. dara: i guess they did based on theoretical value. david: and then all of a sudden, while you are doing a good job, somebody asked you to interview for the job of being the ceo of uber. is that right? dara: yeah. david: did you say, i already have a job? dara: at first when i got called, i said, no way. i talked to a couple of friends. you don't get too many chances as a professional or otherwise to work at and especially lead a company tha

david: do you enjoy it? dara: i love it. david: the company was not a public company. you have taken it public. you received a lot of publicity about the ipo. the company has a higher market capitalization, roughly $72 billion. higher market capitalization than any company in american capitalism history except for facebook, this short a time after the ipo. why are so many people criticizing you for having a $72 billion market cap? dara: i think there are many critics for a large company. that is a fact of life. what is different about some of the companies of our generation that are coming public, the so-called unicorns, we have stayed private for longer. we have raised more money over a longer time. when we come public, we have bigger scale than companies that went public, the last generation of companies. my view is, we wanted to go public. we needed to make sure we are well-capitalized for the next five years and we achieved that. now the time is to put your head down and get the real work done. david: after the company did go public, it did go down by about 11% whi

david: how many cities? dara: eats is in 500 cities. david: what is the most popular food? dara: fried chicken is magic. [laughter] david: how do you keep the grease from kind of going through? dara: david, i'm covering that in my next monthly business review. i have not gotten to fried chicken grease yet. david: that is the most popular. [laughter] a lot of people in the company own more stock than you. you are the ceo. do you think you are underpaid? was that a problem for you? dara: i would never claim that i am underpaid. ♪ romaine: -- david: let's talk about some of your other businesses. you have your scooter business and electric bike business. the scooter business is all over the united states, around the world or --? dara: it is in about 25 cities. expanding mostly in the u.s. but we are expanding into your pretty quickly as well. david: you have one that is manufactured for you? is it different from scooters other companies use? dara: we are building one that is manufactured for us. the bike is manufactured by sn -- by sn designed by us, totally proprietary. david

david: yeah.an refuse advertising. dr. mark siegel, patients asking about the snake oil cures? >> all the time. david: really? >> i'm of two mind of this. susan gave a great intro to this. i am of two minds. if facebook does this, you know, professionally, it is going to cut down on snake oil sales. it will cut down on anti-vacsers. that led to the measles outbreak this year. but i'm for it, but it's a slippery slope, david. what happens when the government get involved and overpolice something? to susan's report does facebook know what is snake oil and isn't? i know, not just me, doctors like me, patients come to me all day long with a long list but i really want facebook deciding what is a quack cure or isn't or youtube? sometimes today's alternative treatment is tomorrow's cure. if it was just for information gathering. i like -- david: take other side of that for a second here because you and i both, we talked about this before off camera. we know people who get side tracked from real treatmen

david: ok. gen.: someone in the room has got to say at the beginning of every conversation and at the end, is this good for america? ♪ david: so let's go forward now to chief of staff. so you are the chief of staff, sounds like a good title. everybody in the government is responsive to you. you can call any cabinet secretary and tell them what to do. is that the way it works? gen. kelly: i would not say tell them what to do. i would suggest. they are cabinet members. the president puts out, as you know, whether it's tweets or his time with the press, and he does a lot of discussion with the press, he puts out his feelings on different things. more often than not, i would get calls from the cabinet people saying, i heard him say this. is that a change? should we react to it? so the president is never hesitant to pick up the phone and talk to his own cabinet members. david: ok. did you say to the president, maybe the tweets are too much to keep up with? or maybe you should not tweet as much? gen. kelly

david, take it away. david: good morning. i am david asman. stuart is on vacation this week. big corporate story of the morning, nike pulling a usa-themed sneaker just ahead of the july 4th holiday. this after colin kaepernick reportedly told the company it shouldn't sell the flag shoe. he says some people find the early american flag offensive. the news not having a big impact on nike stock this morning. it's going to be -- looks like it's down just a tick when the market opens in 30 minutes. and we are looking at a slightly lower open for the overall markets. trade tensions could be the reason. u.s. is threatening to impose tariffs on $4 billion worth of goods this time from the eu. >>> the big political story of the day, congresswoman alexandria ocasio-cortez going after the border patrol during a visit to a migrant detention facility. wait until you hear the shocking claims she is making about conditions there and you will also hear how border agents are responding. there is a lot going on this morning. "varney & company" starts right now. david: nike pulling a special fo

david: you enjoy it? dara: i love it. david: when you came in the was not a public company. you've taken it public? dara: yes. avid: you've received a lot of publicity about the ipo. obviously, you know that. he company now has a higher market capitalization, roughly $72 billion, something like that market capitalization than any company in american capitalism history except for in this short a time after its ipo. so many people criticizing you for having added cap?illion market dara: i think there are many critics out there especially for companies. that's a fact of life. i do think what's different some of the technology companies of our generation that the so-calledlic, stayed , is that we've at it for longer and we've aised more money over a longer period of time. as a result, when we come public, we generally have bigger than companies who went public, let's say, in the last generation, the companies that view on this t my is, we want it to go public. we needed to make sure that well capitalized for the next five years for the company. e achieved that and now the time i

back to you, david. david: edward lawrence, thank you very much joining me is congressman andy biggs of arizona co-chair of the border security caucus. congressman bigs also serves in the house judiciary committee and is a member of the house freedom caucus so congressman, the president is making lemonade out of lemons, ha? >> yeah, he's been forced, his hand has been forced repeatedly by the courts, by our democrat friends who really don't want to know how many illegal aliens are in the country. he's taking an approach that's been used in the past or tested in the past. i hope it's successful. i'm just dog on tired of the courts making rulings that i think are designed to hinder this administration rather than to apply constitutional law. david: well these are to your point, precisely, the attorney general commented on that earlier today, when they announced the decision in the rose garden at the white house. let's just play that sound bite and get your response. >> as a practical matter, the supreme co

david. david: thank you very much. >> and breaking, new numbers from department of homeland security, showing illegal immigrant app pen -- apprehensions are dropping in june they dropped for first time in 6 months. acting dhs secretary, claiming that decrease is due to mexico's stepping up enforcement operations, customs and border patrol data, showing ap apprehensions dipping due in part to hot water, but latest numbers show 11% decrease in arrests over the same period of time last year, president's pressure on mexico finally bringing mexican population to realization that cartels and violence they break are only true beneficiaries of illegal immigration. a federal judge in new york overseeing sens census citizensp question has denied the motion to change its legal team, states that administration lacked satisfactory reasons for substitution of counsel. joining me now ed rollins, a lot to chew on. particularly origins of the witch-hunt, you know, you hear the phrase from catherine herridge,

david: this is "balance of power." i'm david westin.loomberg first word news, we go to mark crumpton in new york. mark: pretense new prime minister boris johnson is about -- vowing the u.k. will leave the eu on october 31 "no if's, and's or buts." in his first speech, prime minister johnson tried to persuade the public to back him, saying the time has come to act on the nation's departure from the european union. >> though i am today building a great team of men and women, i will take personal responsibility for the change i want to see. never mind the backstop, the buck stops here. mark: as she left the house of commerce chambers, theresa may was given a standing ovation by conservative lawmakers, many of whom helped bring her down by rejecting her brexit deal. after saying goodbye to the downing street staff, may stood outside the prime minister's residence and spoke publicly for the last time as britain's leader saying the job has been her greatest honor. former special counsel robert mueller dismisses president trump's claim that hi

david: how has humor changed? are people laughing at the same things, or are there certain things you can make fun of now and couldn't? or vice versa. lorne: there is almost nothing i did in the 1970's i could do now. david: are you ever worried there is a guest host not up to the task? lorne: yeah. david: how do you coach them to job, to bebetter ready? lorne: you can get almost anyone through it. david: what does it take to be a leader? lorne: if you are in power, everyone knows you're in a power, so don't ever have to explain you're in power. >> would you fix your tie, please? david: oh, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way? all right. ♪ i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? did you think at the beginning that you were going to change televi

david: paris or london? gen. kelly: none of that. david: you have three children.ou fathered three children. your oldest son is in the military still. gen. kelly: a lieutenant colonel in the marine corps. recently promoted. just back from his -- one of his tours in iraq. david: you have a daughter. what is she doing? gen. kelly: she was with the fbi. prior to that, she worked with the wounded men and women coming back from the wars. bethesda naval hospital. and then, she went into the fbi. she was with the hostage rescue team. she was one of the support people for several years. david: you had another son who lost his life in military combat. gen. kelly: he started off as an enlisted marine. he became a second lieutenant and was killed in afghanistan. david: did you and your wife say, having two sons in the marines was an awful sacrifice for any family? gen. kelly: it's our way of life. it may sound strange, but it's a way of life. they make their own decisions. david: what would you say is the best training to be chief of staff of the white house, particularly wit

david: congressman mark green, thank you so much. >> thank you, david. david: huge day on wall street, with all three major indices reaching record highs, the dow gained 77. nasdaq up 61, and s&p 99e aheady 13, previously eclipsing 3000 points for first time ever, u.s. stocks gained 125 billion dollars in market value for one day. putting total gains since election day at 9.9 trillion dollars. since election day, 2016, nasdaq up 58%. dow up more than 46%. and s&p is up 40%. >> coming up next, a new pro file of ilhan omar eposing how read radical freshman congresswoman wants that change america. >> terrifying video of a plane engine falling apart midflight. we talk all that up and more after a few quick messages. is just a button. ♪ that a speaker is just a speaker. ♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer. [ text no

david, i forgive you. i'm not going to allow myself to let you rule my life anymore. >> but gayle says she would still like to ask her former son-in-law a final question. and how could he ever harm such a nice person. i mean, nici was -- was such a good person. >> the hardest question, always the why. the coldest fact, the young woman gone too soon. >> that's all for this edition of "dateline." thanks for joining us. >>> everything began to shake. just kept asking where is she. have you seen her? i wouldn't know what i'd do without her. >> it looked like the world was ending. >> growing up in indiana, tsunamis and earthquakes are the things that you only see in hollywood films. >> he was sure his world had ended. the love of his life was missing. >> that feeling that she's not all right began growing as each minute went by. >> strangers in a strange land.

david: what does it take to be a leader? lorne: if you are in power, everyone knows, so you don't have to explain. >> would you fix your tie, please? david: people wouldn't recognize me, but ok. just leave it this way? all right. ♪ i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on a life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? did you think of the beginning that you were going to change television history and the history of comedy? lorne: i don't think i thought of it in those terms, but i thought if we got on the air, and did the show, that the people who were doing the show would stay home to watch. i thought there were enough people like us, because we all come from the audience. i was the person who had the most experienced in television, but most people it was the first time they had been on television. david: you were only 30 years old. the others were

i'm david asman. joining me on the panel today carol roth, jonathan hoenig, john burnett and jonas max ferris. let's go one-on-one with the white house director of trade and manufacturing policy and assistant to the president, peter navarro. congrats first of all. you heard the president say the fed really doesn't know what it is doing. what should the fed be doing? >> let's talk about those numbers first. david: all right. >> they are beautiful. 224,000 jobs. guess what? construction and manufacturing added up to almost 40,000 of those. and as the director of the office of trade manufacturing, i just love it when we get more manufacturing jobs. we're up to over a half a million new manufacturing jobs since president donald trump took office. and that compares with a loss of almost 200,000 manufacturing jobs in the o-biden administration. the other thing i love -- david: i'm laughing at your reference to the o-biden administration. go ahead. >> back through the campaign, when hillary was talking about

david asman in for stuart. david, take it away. david: i got to second the emotion of charles payne on this market and what's happening with the economy. i think it's great news. thank you, charles. thank you, deirdre. good stuff. >>> good morning, everyone. i'm david asman in for stuart. good news, he's back next week. here's the big story of the day. a big happy surprise jobs report. 224,000 jobs added in june. the bean counters only expected 160,000. wages were up 3.1% over the last 12 months. that is one tick less than expected but still very positive. 335,000 people re-entering the work force, that is why the unemployment rate actually ticked up. check market futures, they are heading lower this morning. a lot of that of course has to do with the fed. that's after the markets hit record highs on thursday -- on wednesday, forgive me, before the july 4th break. and the dow, nasdaq and s&p 500 all in uncharted territory, still close to record highs despite looking down in the futures. >>> president trump's salute to america speec

david: this is david versus goliath. of course, in the bible, david won. in reality it's unlikely hong kong can stand up to china, is it? >> you never know, david. that's a very long question because essentially what you've got, people in hong kong have made a decision that they want to protect themselves, and china looks a little iffy right now. you just never, never know. david: well, this brings up the china talks because this seems to make the chinese even more desperate, what's happening in hong kong, for a deal with the united states. >> yes. first numbers for june are really bad in the manufacturing sector. david: they are in contraction, are they not? >> i think they could very well be in contraction, especially because may was a really bad month. you had, for instance, imports down 8.5%, showing very soft demand. the consumer numbers really showed contraction. right now, china as a whole, maybe 0% growth, if they're lucky, it's 1%. david: they are desperate. that's why they're anxious for some kind of deal with the united states. we saw some conce

david? david: thanks, mark.tisanship roque out with washington this week, where the president announced a deal with both parties to lift the deabt limit for the next two years. we welcome now a member of the senate budget committee, ravenna public and senator mike braun from indiana. great to have you with us. sen braun: good to be on, david. david: for a couple of years we will not have to deal with this, but at the same time it came at a cost. was it a good deal, despite the fact we are running up the deficit? sen braun: the benefit of being a freshman legislator now, i was one back in indiana about four years ago. i know how the system works. i come from main street as an entrepreneur, and of course we do things more quickly. get the problems way ahead, unless the marketplace -- or else the marketplace takes you out. i was disappointed. they knew where my vote was going to be when i got here in the first place. i voted on -- i ran on trying to make this place run more like main street. it was such a coup by o

david?avid: today, president trump moves to end asylum protections for most central american migrants under a new rule published tomorrow. people who do not apply for asylum in another country before coming to united states will be ineligible for asylum in the united states. we welcome ken cuccinelli, acting director of u.s. citizenship and immigration security, which is a division of homeland security. i want to talk about what regulation does. i have heard three different descriptions. to whom does it apply and to whom does it not apply. ken: it applies to those coming across our southern border who have not applied for asylum and a country they are passed through on the way united states. not mexico, for instance, because they are next-door, but for those beyond mexico, they are required to apply and then be denied and prove they could be denied asylum. asylum is about safety. response toart in the quadrupling of asylum cases we are seeing that is tied in to the crisis we are facing at th

david? david: thanks very much.stay in the subject viviana just covered the tensions growing in iran as she said theresa may will be meeting with her committee. we want to welcome now markkanen either from washington and he served as the secretary of defense for the middle east. mark, thank you so much for joining is today. let's start with the u.k. right now. prime minister may is meeting with her team. what can they do? they seem to have ruled out military actions? >> the most probable thing that they will do is join the american-led sentinel operation, which is equivalently a convoy operation, much like we had uring the tanker wars of 1987, 1988, providing guarding of all the ships going so the iranians can't impede their movement. david: as i understand, they're having some difficulty with that. >> they really are. most of the countries don't want that get involved because they still believe there is some hope of bring the iranians backing into the jcpoa. if we have more incidents we've seen over the past week,

david?avid: the administration continues to work on a trade deal with china, but in the meantime its deal with canada and mexico still sits in congress. we welcome marc short. marc: thanks for having me back. david: give us a peek at your game plan. when congress gets back in session, how do you get this through congress? ambassador lighthizer has believe in the administration on capitol hill, and he has had a large number of productive conversations with democrats. the challenge is house democrats . if you look at the vice president's travel and the case he is making across the country, in many cases to democrat districts, reminding constituents this is a better deal and they need to get their congressman to weigh in. speaker pelosi holds the keys to the kingdom. it is up to her when she wants to bring up a vote. we believe the votes are there to pass it. the question is will she do it. there are a lot of democrats who are in districts that benefit from this. it is not the chairman of the a

david w: now to mexico.o's president andres manuel obradorer door -- lopez spoke to blumberg's john micklethwait on monday. obrador: i would like the central bank to work not only on controlling inflation, but for it to be thinking about growth as well. we are talking about what the .entral bank is doing if they are more cautious about inflation, this is not a bad thing. this is not the wrong thing to do. i'm not saying that. but it is important to lower the rate to encourage growth. this is an issue i'm leaving for the central bank to decide because we trust we are not just going to be able to grow, but also to develop. , but development -- only gross, but development. growth, that is what we want to change, and to create new paradigms. growth is creating wealth, but not necessarily distributing wealth. development is growing and distributing wealth. so our administration, our government, what it is now doing better than before is .istributing income ,lthough growth is scarce little growth, there's better d

david: a huge amount. alix: that's amazing. david: it cyber and compliance.trying to transfer about $160 billion from deutsche bank for the hedge fund brokerage unit. what are the problems? >> they are hitting some roadblocks because many of the clients of deutsche bank holding $1are billion a day to go elsewhere. that's putting pressure on deutsche bank to transfer not just the balance, but also the technology and supposedly potentially staff as well. according to people familiar with the matter will be sitting down with u.s. hedge fund to convince them to stay. they did this last week in europe. clearly an issue if you're trying to transfer balances. slowly -- day you are david: there is always difficulties you don't anticipate. let's turn to brain surgery. no, we are moving, let's go. >> easy enough. troy: what about brain surgery -- david: what about brain surgery and elon musk? >> this is unbelievable. they have been pretty secretive up until now. ony have mostly been working rats. they are not working on humans. they did issue a research paper saying th

david: congressman mark green, thank you so much. >> thank you, david. david: huge day on wall street, with all three major indices reaching record highs, the dow gained 77. nasdaq up 61, and s&p 99e aheady 13, previously eclipsing 3000 points for first time ever, u.s. stocks gained 125 billion dollars in market value for one day. putting total gains since election day at 9.9 trillion dollars. since election day, 2016, nasdaq up 58%. dow up more than 46%. and s&p is up 40%. >> coming up next, a new pro file of ilhan omar eposing how read radical freshman congresswoman wants that change america. >> terrifying video of a plane engine falling apart midflight. we talk all that up and more after a david: major legal victory today for president trump, federal appeals court dismissing maryland and district of columbia la lawsuit that presidt is profiting from foreign visitors staying in the trump hotels. -- president trump tweeted: >> more hypocrisy from not so middle class joe. >> imagine, what we could do, we don't have to hurt anyone by eliminating, we don't

david? david: u.s.awmakers are not the only ones raising alarm about facebook's proposed cryptocurrency. fears unifying g7? we will ask angel gurria. that is coming up next and this is bloomberg. ♪ david: you are watching "balance" on bloomberg television. i'm david westin. bloomberg ministers -- g7 ministers are meeting in france today and finance minister angel pereira -- angel gurria has put cryptocurrency at the top of the agenda. we welcome the oecd secretary-general. thank you for joining us. let's start with talking about the cryptocurrency issues. what is the level of concern you are seeing among the ministers meeting in france about libra? mr. gurria: it is not just about libra, it is about the concept. there are implications for central banks, implications for finance ministers, implications for regulators, implications for consumer protection. therefore, there is concern and the change of experiences and information and alicy, and then of course collective decision that a lot more has to be d

david?avid: jay powell appears before the house banking committee tomorrow followed by the senate on thursday. we welcome one of those will be asking the questions on the senate side, republican senator kevin cramer coming to us from capitol hill. thank you for being with us. sen. cramer: my pleasure. david: let's talk about what you hope to hear from jay powell on thursday and about interest rates. the president has been fairly outspoken saying he thinks interest rates are too high. we will put up a chart we use it bloomberg to indicate where the markets are. it says the markets think there is a 25 point basis cut coming down the pipe soon. what do you think the right answer to where interest rate should be is? sen. cramer: i think the right answer should be an inch -- should be an explanation of why. chairman powell and the fed have a very difficult task. while they are people of opinions, they are independent. the president has one view and obviously the street has a view. everybody likes