paul: by staired times he means extraordinary president in donald trump that he doesn't like, right? ualifications beyond age and a couple of the other explicit qualifications that i mention in the constitution for qualifying for a ballot. >> it's very legally dubious. states can't impose on congressional members. paul: they haven't ruled on whether you can do so for presidential ballots. >> right, likely even if sort maybe go to ninth circuit and be upheld, if it were to go to supreme court i have no doubt it would be overturn. paul: okay, so jerry brown, former governor, vetoed this in 2017, what was his argument, he's a democrat just like newsom, what was his argument? >> unconstitutional too, it creates a slippery slope, what is next, birth certificate, high school grades, medical records, it's going to encourage other states maybe conservative or republican states to impose own requirements to be on the ballot. paul: that seems to be apart from legalities which are serious but presidential value, he's basically -- california is offering invitation to a one-party republican state

president paul trump but they pleaded for them to be removed. i was being an amen on wall street scored against the u.s. footwear industry is pushing for a last minute change of heart by the president thomas moore. it's not just the footwear company it's all a coalition of more than $160.00 companies footwear companies like us for example among them and they're trying to play the u.s. president to donald trump to at least to delay the terrorists all that we won't to jeopardize the upcoming holiday shopping season if i got that correctly so far the white house does not seem to be willing to really do this deal a but then again everything seems possible but the clock certainly is ticking and as we know right now we probably will see at least i'm some more terror of being imposed by this upcoming weekend now despite these looming terrorists wall street was quite upbeat on wednesday how come well that is the big question and to traders see on the floor of the new york stock exchange are a bit puzzled because we did get some clear warning sides of a

trump's latest tariffs. this is bloomberg. ♪ sophie: i'm sophie kamaruddin in hong kong. pauln sydney and you are watching "daybreak australia." oil plunged in the steepest one-day drop in more than four years after president trump ramped up tariffs. bloomberg news' energy editor joins us now. is this an overreaction? do you think we could see oil rebound from here? >> it is certainly a strong reaction. i think this ramp up in trade threats from the president is piling on to really persistent demand concerns that we have then watching. we have a slowing global economy. the international energy agency cut their oil demand growth forecast for the rest of the year last month. this is a concern we have been watching and it is something that seems to be persistent even as u.s. stockpiles have fallen for the last seven or so weeks. sophie: opec production is at the lowest since 2014. why is that not supporting prices? really good question. we have seen supplies fall across the globe. we have sanctions on venezuela, iran, canada. enough.ot seemed to be the international energy agency

attractive candidates, but if you ask the ultimate question, paul, do i think at this point anyone other than joe biden could beat donald trumpanswer would be no. paul: wow, interesting, all right, we will see how it plays out and have you many more times, doug. still ahead much more on the 2020 presidential race including growing talks of a primary challenge to president trump and pushback from some of joe biden's democratic rivals on the electability argument. >> in every election since before carter we have never had someone leading in the polls that went onto be the president at synchrony, we're changing what's possible every single day. with technology that helps you offer shoppers a better experience. take your company's app. we can add in all sorts of capabilities, which help your customers manage rewards, offers, and payments on the fly. and now, applying for credit can happen in a flash. that way, more people can start shopping with you on the spot, wherever they are. how's that for changing what's possible? who used expedia to book the vacation rental that led to the ride ♪ which took them to the place where they di

attractive candidates, but if you ask the ultimate question, paul, do i think at this point anyone other than joe biden could beat donald trumpswer would be no. paul: wow, interesting, all right, we will see how it plays out and have you many more times, doug. still ahead much more on the 2020 presidential race including growing talks of a primary challenge to president trump and pushback from some of joe biden's democratic rivals on the electability argument. >> in every election since before carter we have never had someone leading in the polls that went onto be the president of the united states. you're having one more bite no! one more bite! ♪ kraft. for the win win. enterprise car sales and you'll take any trade-in?rom that's right! great! here you go... well, it does need to be a vehicle. but - i need this out of my house. (vo) with fair, transparent value for every trade-in... enterprise makes it easy. hey! i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right h

attractive candidates, but if you ask the ultimate question, paul, do i think at this point anyone other than joe biden could beat donald trumpswer would be no. paul: wow, interesting, all right, we will see how it plays out and have you many more times, doug. still ahead much more on the 2020 presidential race including growing talks of a primary challenge to president trump and pushback from some of joe biden's democratic rivals on the electability argument. >> in every election since before carter we have never had someone leading in the polls that went onto be the president i saved hundreds when i switched my car insurance to geico. this is how it made me feel. it was like that feeling when you pull your green sock out of the dryer and then the very next sock is the other green one. and then you pull out two blue ones. and you keep going till you've matched every single sock in perfect order. and the owner of the laundromat is so impressed, he hangs a picture of you next to the dryer. geico. fifteen minutes could save you fifteen percent or more on car insurance. fifteen minutes could save you (carrying up to 50 times its

attractive candidates, but if you ask the ultimate question, paul, do i think at this point anyone other than joe biden could beat donald trumpanswer would be no. paul: wow, interesting, all right, we will see how it plays out and have you many more times, doug. still ahead much more on the 2020 presidential race including growing talks of a primary challenge to president trump and pushback from some of joe biden's democratic rivals on the electability argument. >> in every election since before carter we have never had someone leading in the polls that went onto be the president that went onto be the president i can't believe it. that sophie opened up a wormhole through time? (speaking japanese) where am i? (woman speaking french) are you crazy/nuts? cyclist: pip! pip! (woman speaking french) i'm here, look at me. it's completely your fault. (man speaking french) ok? it's me. it's my fault? no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. (pterodactyl screech) believe it. geico could save you 15% or more on car insurance. what might seem like a small cough can be a big bad probl

attractive candidates, but if you ask the ultimate question, paul, do i think at this point anyone other than joe biden could beat donald trumpould be no. paul: wow, interesting, all right, we will see how it plays out and have you many more times, doug. still ahead much more on the 2020 presidential race including growing talks of a primary challenge to president trump and pushback from some of joe biden's democratic rivals on the electability argument. >> in every election since before carter we have never had someone leading in the polls that went onto be the president things you can do with schwab: you can earn more when you invest your cash. you can get a satisfaction guarantee. ♪ you can also wonder why our competitors don't offer that. schwab, a modern approach to wealth management. ♪ boom goes the dynamite, club yoko plays ] ♪ feels like i'm taking flight. ♪ [sfx: poof] [sfx: squeaking eraser sound effect.] ♪ i am who i wanna be ♪ who i wanna be ♪ who i wanna be. ♪ i'm a strong individual ♪ feeling that power ♪ i'm so original, ♪ ya sing it louder. ♪ i am, oooh oooh oooh oooh ♪ ehhh ehhh ehhh ehhh ♪ i am, oooh oooh oo

everyone digesting the news from trump when it came to tariffs. paul look at our asian markets. in march cranfield in singapore. let's start off with the yuan. how do we expect to see that move during the course of the morning? will belot of people watching the pboc fixing this morning. when trading opened, the offshore yuan was at its weakest point this year, not too surprising. it usually does that when the united states increased tariffs against china. you would expect the currency to weaken. it's a huge divergence from where the onshore market was trading earlier in the day on thursday. the fixing point today, the pboc will probably use measures again and remain some column in the yuan. they will have to adjust it from where it was yesterday. not as far as the market has taken it. what people will be asking is how much longer can the pboc retain this tight range when tariffs have increased this year , and the currency does not reflect that change. what we saw last year was the yuan gradually weakened as the tariffs kicked in to hurt the economy. th

paul: was president trump at a campaign rally in manchester, new hampshire wthursday night tying hisn prospects to the markets. amid growing signs of his trade war with china is taking a toll. white house announced tuesday the 10 percent tariffs on some chinese exports including cell phones, laptops and toys will be postponed until december 15. in a knowledge meant that they could hurt american consumers during the christmas shopping season. let's brain wall street journal columnist and deputy editor, dan heninger. ricall ms. kim strassel and assistant editorial page editor, james freeman. james, the president says you have aito elect him because his 401(k), it is so good but really it means a 401(k) has to stay good for the next 16 months. he is really betting the house on continued prosperity. >> i think that really is the main argument for his reelection. especially if the democrats nominate a bernie sanders or elizabeth warren who is promising a kind of socialist revolution, fundamental restructuring of america. i think a lot of people say o despite his faults, i have to vote for

this is starting to make democrats question is he the best opponent to donald trump. pauln in april or something, he's been the frontrunner since april. there have been reports about his gaffes, his slip-ups, his memory mistakes and so on and people, the media have focused on those relentlessly. here biden is and he's at the top of the polls. doesn't that suggest staying power? >> i think that will happen for a little bit. let's look at one other thing. we have new rounds of debates. mostly the centrists are out out because they couldn't get support among the democrat primaries. it's the left-leaning that met all the criteria. at some point, those candidates are also going to be leaving the campaign and those votes are going to start going to other left-leaning candidates. so i think biden is pretty stable where he is and he might drop a little bit but at some point there's going to be a biden versus somebody and when that happens, i think the somebody's in a better position than biden in a democrat primary. paul: from 2012, it was ultimately romney versus santorum and rom

paul: thanks. president trump is dialing back some of his trade rhetoric, praising beijing's top negotiator for his calm words while asserting china wants to make a deal. pres. trump: do you think maybe they want to and maybe they don't, but i think they want to make a deal. i am not sure they have a choice. i do not say that as a threat. i'd you not think they have a choice. the united states, which has never collected $.10 from china, will be over $100 billion in tariffs, so i think they want to make a deal very badly. paul: president trump said china had been on the phone, urging new talks although beijing is downplaying that. let's discuss this with our senior trade editor. sarah, i want to start with you. this seems to be getting terribly confusing. a few days ago, u.s. companies were being ordered to get out of china, and now we have calm talks again. so where are we in terms of progress? said, we heard from trump saying china does want to make a deal. he suggested there were discussions just hours before he

that will be interesting, how trump response to them. paul: yes, sarah, it has been quite the game of brinksmanship. fromve seen bold moves both leaders. is there a risk these could backfire? sarah: absolutely. we heard trump saying his personal rapport with president xi jinping was holding what relationship together through good times and bad in the negotiations. the two like since leaders met, things have deteriorated. put their best team forward, but it does not seem to be moving ahead. there is no reason to believe they are going to meet to try and get past this impasse as well. it really may be is just a game of brinksmanship at this point. paul: sarah mcgregor, thanks very much for joining us. still to come, we will preview the central bank decisions that are due in asia as pressure to ease continues. shery: james bullard pushes back at suggestions the fed will cut rates due to the fallout from rising trade turmoil. this is bloomberg. ♪ >> the nature of a tit-for-tat trade war is that there's threats and cap threats occurring all the ti

paul: president trump has been tweeting his support for president xi in dealing with what he called the that the chinese leader can deliver a quick and humane solution. this tweet comes with more protests planned in the city that is feeling the economic impact of the disruption. , aphen engle is in admiralty key business and tourism part of hong kong. our conditions -- consider -- condition seem to be [inaudible] economically. keeps: the government going on about the damage to the economy. that is a main reason why protesters took their protests for the last six days out to the airport. they wanted to spread that message internationally and have burn,d the slogan, if we you burn with us. they want the damage because it gets headlines in attention of the international airport committee gets the message out internationally and then we get more comments from the likes of donald trump, he has commented on it numerous times now in the last 48 hours. in various tweets and comments for the cameras. i want to bring up that tweet again, the most recent as he has said this is a tricky situation r

paul: thanks very much. president trump says the u.s. and china will new trade calls, though he offered no timeline or other details. he spoke after beijing indicated it will not immediately the latestfter tariff increase and wants to prevent any further escalations. let's bring in trade editor sarah mcgregor. what do we know about the talks? all right, we seem to be having some faculty getting hold of sarah mcgregor. we will take a short break and see if we can reconnect with her. that to come, we also have a chat with uber ceo dara khosrowshahi. he will explain why his country looks immune to the trade war and potential recession. kathleen: first, investor aaron largesays stay away from caps and stay small. she joins us next. this is bloomberg. ♪ paul: as we mentioned earlier, president trump says the u.s. and china will renew trade calls, though he offered no timeline or other details. he made the remarks after beijing indicated it will not retaliate after the latest tariff increase and it wants to prevent any further escalation. let'

paul: yes, erin. president trump not able to influence the fed through the power of tweets but able to do it through the power of escalating the trade war. even though jim bullard saying the fed does not like the response, the market sure does. what do you make of that big sell down we saw this week? a buying opportunity or is it like catching a falling knife? erin: i think it is hard to go all in with the markets right now given the fact we are at the beginning of august. august tends to be a less liquid month for trading. you look at gold, you look at stocks, you look at bonds and they are up 14% year-to-date. people are sitting on pretty good gains already. funds have done decently well. at this point in time, market investors are going to be patient. they are not going to go all in into the month of august when it is really an illeiquid month. there is so much uncertainty that needs to be ironed out. whether or not president xi and president trump meet. whether or not trump decide to impose tariffs on europe. bre

as an example, the report says that barrick and trump campaign chair paul manafort worked together duringampaign to try to put language that had been drafted by saudi and emirati officials into a trump energy speech. emails obtained by "the new york times" show manafort and barrick discussing how to change trump's speech and even republican platform language to quote make our gulf friends happy. then during the transition barrick negotiated with the trump administration for a position as middle east envoy or ambassador to the uae while at the same time pushing for the flynn saudi nuclear plant which would benefit flynn and his friends. the plan would also give barrick's saudi friends the nuclear technology they wanted. and also barrick was planning for his own company to purchase the american manufacturer of the nuclear technology that the saudis would be buying. and voila', everybody gets rich. barrick and flan and flynn's partners continue to push for the deal from inside the administration and for at least the first year of the trump administration. even as career government officials

interest rates it's a committee but clearly this is the main act now on friday when jerome paul takes the stage donald trump recommending fight or flight for u.s. central bankers in jackson hole that was carter thank you very much. see sun sand and surf holiday destinations go the southwestern french city of berets pretty much has it all but this weekend it's playing host to the g 7 meeting while that might move the political contests it certainly isn't doing much for business in the city. normally at this time of year beer it's as beaches would be full of tourists looking to catch some waves or raise instead it's hosting some of the world's most powerful political leaders in town for the g. 7 summit. ahead of the start of the event on friday the city is in lockdown the airport and man train station will be closed to the public was certain parts of the city including the beach are only open to residents that have permits. according to the local mayor though there is no major problem. but the books and he said 1st of all i would say and be a rich everyone knows that starting august 20th we see a decrease in

paul: david stringer, thanks for joining us. in a moment, back to the negotiating table. president trumpina wants to restart trade talks. we will have the latest next. this is bloomberg. ♪ shery: i am shery ahn in new york. paul: i'm paul allen in sydney. there are conflicting versions of the latest phone call between u.s. and chinese trade negotiator's. president trump says china called on monday and is desperate for a trade deal, but the editor of china's global times newspaper says trump was exaggerating. to discuss trade headlines coming from the g7 meeting, stephanie miller. an olive branch of sorts, although we have the chinese site offering a conflicting version of events. we have seen this movie before. is this too early to be optimistic? we need to start with the u.s. elections in november of 2020 and work our way backwards from there to figure out when we could possibly come to some sort of agreement between the two countries. so, when taking that piece, it is hard to imagine we would be near to a big resolution between president trump and president xi soon. i think it is good

interest rates in committee but clearly this is the main act now on friday when jerome paul takes the stage donald trump recommending fight or flight for u.s. central bankers in jackson hole that was hands carter thank you very much. see sun sand and surf as holiday destinations go the southwestern french city of berets pretty much has it all but this weekend it's playing host to the g 7 meeting while that might move the political contests it certainly isn't doing much for business in the city. normally at this time of year pierrots as beaches would be full of tourists looking to catch some waves or raise instead it's hosting some of the world's most powerful political leaders in town for the g. 7 summit. ahead of the start of the event on friday the city is in lockdown the airport and man train station will be closed to the public well certain parts of the city including the beach are only open to residents that have permits. according to the local mayor though there is no major problem. but 1st of all i would say in beer it's everyone knows that starting august 20th we see a decrease in the number of

paul: president trump said he'd do it on day one. so a tad late. but it has happened. perhaps unsurprising in the current circumstances. but the president also said that he'd like the federal reserve to counter the move. what hope of that, what hope of intervention from the u.s.? >> i think in terms of that front you have to look about the right decision, the right cut decision that the centralback here made -- rate cut decision that the central bank here made last week. the president saying he'd like to see a more significant rate cut but the central bank still having issued that rate cut. and then you had the pboc. from that perspective, they have released tough talk of their own against the united states. but i think in terms of a longer-term strategy, and this is a point that i would make in terms of the reporting that i've gathered not just from here in washington, d.c., -- washington, but also last week in detroit at the presidential democratic debate. everyone has suggested that china is poised to play the long game and outwait the trump administration, be it a

. >> host: email from paul, donald trump has used nonfactual statements to get elected and support his agenda. should democrats and his opponent used nonfactual statements to support their own candidacies and goals? thank you, that you breakdown that email. he made two definitive statements. >> guest: we need to step away back in the discussion and ask what is it that matters, white we have to protect facticity? if you think the employment rate is 42% and you make the case for the country and act on the assumption that is a correct statement, you put in place policies that will be highly problematic if the unemployment rate is actually 4% or 5%. the factual underpinnings of policy decisions actually matter. as a result we have to have places we can go to to trust their methodology is sound and to be perfected when challenged and being honestly deployed with no partisan input whatsoever so we have to assume the bureau of labor statistics is telling us something important that lets us track data across time like grossed a mystic product means something and is tracking something important

this is bloomberg. ♪ paul: oil rose after president trump calm nerves on the trade war but commodity-- this week will get new tariffs from both sides including china on u.s. crude. let's bring in daniel hines. pressuresnflicting weighing on oil at the moment a bit which ones are you watching most closely and what is your outlook for the rest of the year? the market is clearly focused on the trade war, that is taking front stage at the moment. that means trying to wade through the changing policy shifts we are seeing within that, certainly the weekend was quite tumultuous and the market is coming to a point where essentially they are looking at thatworst-case scenario we've been hearing about for so long. that means pressure on the demand side of the equation. we're looking at indicators that it is starting to come through in the data. the data has held up relatively well but any initial sign that tensions are starting to weigh on actual consumption numbers will be big for the market. paul: you have to say that more cuts are pretty much baked in at this point. daniel: i've been bullis

that clearly is not what trump is going to do. paull research cofounder and research director, anne stevenson-yang. now, don't forget our interactive tv function tv . , you can watch us live, catch up on past interviews, and dive into any of the securities or bloomberg functions we talk about. you can also become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. you can check it out at tv . this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen in sydney. at the trade were between the u.s. and china escalates, technology continues to be one of the most impacted sectors. despite tim cook's relationship with president trump, that includes apple. steve wozniak spoke exclusively earlier to bloomberg technology. isif it manufactured more efficiently in oregon, i would buy it in oregon. why do we establish orders for countries? politicians want their own domain to be important. i am more into sharing. cooperated ways to and

paul krugman said if trump gets elected there will be a recession. they want it to happen and they act on it. >> paul krugman who predicted 22 out of the last 3 recessions. that guy should return his nobel prize tomorrow. you are right, it's called animal spirits. and the animal spirits are real. they have a psychological component. people consume when they feel like they are doing okay. when they are sitting there telling people the economy is the -- that the hottest economy in the world is garbage. under the crap obama economy they were busy telling us the opposite. saying everything is wonderful web's the greatest president ever. judge jeanine: i never met anyone who had a shovel-ready job. who did they give the money to. let's talk about cnn and their latest hire. they hired andrew mccabe hot inspector general made a criminal referral to the department of justice for lying, for perjury to the fbi. what's going on here? >> i have been in this news business for 8 years when i left mire prior line of work. i have a pretty decent feel for it. cnn says

trump campaign. gates had been paul manafort's right hand deputy working for ukrainian oligarchs. manafort was pushed out in august of 2016 but rick gates stayed on right through election day. gates then served as the number two official on the trump inaugural committee. because he held those key positions rick gates was an up close first person eye witness to what was going on inside the trump campaign at a very high level. in october of 2017 he was first charged alongside manafort on multiple counts including conspiracy, money laundering and acting as an unregistered foreign agent. after prosecutors hit him with another round of felony charges for a total of 31, rick gates flipped. he pleaded guilty to two charges while agreeing to cooperate and provide information to robert mueller's team. this was a pivotal moment in the special counsel investigation. rick gates who knew so much about the inner workings at the very highest levels of the trump campaign was now willing to spill secrets to robert mueller's team. >> cooperation agreement he just signed is probably a nightmare scena

paul: markets rally as president trump delays additional tariffs on china. consumer stocks lead the way with apple surging 4%. from huawei.nd income fell less than expected. shery: let's get you started with the quick check of the market close. a risk on that with the s&p 500 rallying 1.5 percent. every sector was in the green. investors had a lot to digest, from positive trade headlines in hong kong and argentina, not to mention a strong economic number. wen it comes to the s&p 500, saw the makers and sellers of toys and clothing and electronics really surge after president trump delayed that extra 10% tariff on additional chinese goods. the nasdaq also gaining almost 2% and the dow rallying more than 370 points. the trade headlines came a little bit after we got those ,urprisingly strong cpi numbers to avert the argument that we could continue to see the fed cutting rates. futures at the moment unchanged, but let's see how they react as the trading continues in asia. sophie: we are set to echo some of that tariff delayed relief futures in asia, a busy day

we know from the mueller investigation that for some reason trump campaign chair paul manafort offered this russian-connected oligarch oleg deripaska, he offered him private briefings on the trump campaign during the election, up to and including the still unexplained plot line from mueller's investigation in which manafort is known to have shipped deripaska a whole bunch of internal trump campaign polling data. nonpublic proprietary information on the campaign's plans and strategy, particularly in key states in the industrial midwest that trump would go on to unexpectedly flip on his way to an election night victory in 2016. why did deripaska want that kind of granular information? manafort is known to have passed that data on to deripaska during the 2016 campaign through an intermediary who has himself now been charged by federal prosecutors, the intermediary manafort used to ship this stuff to deripaska is believed by the fbi to himself be linked to russian intelligence. so when it comes to what russia did and how russia messed with our election, deripaska is this key figure who is

paul: if you're sitting in the trump campaign and wondering who you're running against, who would do you really fear? if you don't fear biden, who do you worry about? >> in fairness, what i learned with trump and his campaign, they don't think that way and fear anybody. if i look at the field right now, i think probably the most likely democrat to end up being their candidate is elizabeth warren. but i also think she comes with a whole host of problems. when we get to the general election and we're talking about medicare for all, we're talking about green new deal, all these things that are going to cost hard working americans jobs and taxes and take away health care bebenefits they have now, i thik that work's to the president's favor. paul: thanks for coming in. that's going to be fascinating to watch. >> looking forward to it. paul: when we come back, james comey claims vindication after the justice department declines to prosecute the former fbi director for his handling of memos that detailed his conversations with president trump. what the inspector general's report really says

op-ed,ll street journal janet yellen, ben bernanke, alan greenspan, and paul volcker commented on president trump's recent attacks on the central bank. they say the chair must be able to act independently. president trump has delivered his most forceful condemnation of racism and white supremacy. this following the mass shootings this weekend that killed over 30 people. the president did call for new restrictions on gun ownership -- did not call for new restrictions on gun ownership. that thet recognize internet has provided a dangerous avenue to radicalized, performedminds and demented acts. we must shine light on the dark recesses of the internet and stop mass murders before they start. prime minister boris johnson's opponents are heartening plans to stop a no deal brexit. jeremy corbyn is signaling he will call a vote of no-confidence next month. mp saysbel to worry there is a growing number of hardrvatives against the brexit. china has reiterated its support for carrie lam as the financial hub cleaned up after a day of traffic chaos and more violence. according to the people's daily, china will

paul: kim, donald trump 73 year's old and he will be 74 next june, so he'd be 74 upon being sworn ino make an issue of this, calling biden sleepy joe, is -- is this going -- and trump -- in his favor he does have boundless energy and seems to. is he going to make that a contrast with biden? >> well, of course, he is, you know, there's the age difference between him and biden might not be huge but you can believe that he will point it out as much as he possibly can. and i do think that this is potential something for democrats to think about as well too, because donald trump is all about contrast and as you said, one thing that absolutely defines this president is the amount of energy he has, he's a very vigorous person and he will not be able to wait, if you get a biden as nominee or bernie sanders as nominee to make that distinction and you already hear him hearing sleepy joe, joe is not operating on a full deck, you bet that he's going to double down on that, either of those men are the nominees. >> kyle, if you were competing younger democrat, elizabeth warren is 70, would you exp

paul: up next, the trade war may be set for a breather with president trump talking of new talks by phone. this is bloomberg. ♪ paul: this is "daybreak asia." i am paul allen in sydney. hays in: i am kathleen new york. stocks got a lift from the positive news on the trade from as well as on the than expected tumors ending data. su keenan is here to take us through the action. pretty positive day. su: it was pretty much a one-two punch. weaker than expected. consumer spending coming in strong. but take a look at the market snapshot. we had the dollar strengthened at a two-year high. treasuries slipping a bit. a key area of strength in the s&p 500. if we go into the bloomberg, just a little bit more on the gdp data. one of the best quarters for consumer spending since 2003. it helps power the u.s. gdp. ofs is really a story resilience in the u.s. economy. let's go to the big movers. earnings were part of the big story. a lot of strategist point out the earnings component continues to be robust. notice nvidia chip stocks, and you also have halliburton and some of the energy stocks were areas

trump campaign. gates had been paul manafort's right hand deputy working for ukrainian oligarchs before manafort joined the trump campaign and brought gates along. manafort was pushed out in august of 2016, but rick gates stayed on through election day. gates then served as the number two official on the trump nug ral committee. because he held those key positions, rick gates was a first-person eyewitness to what was going on inside the trump campaign at a very high level. in october 2017, he was first charmed alongside manafort on multiple counts, including conspiracy, money laundering, and acting as an unregistered foreign agent. after prosecutors hit him with another round of charges for a total of 31, rick gates flipped. he pleaded guilty to two charges while agreeing to cooperate and provide information to robert mueller's team. and this was a pivotal moment in the special counsel investigation. rick gates, who knew so much about the inner workings at the highest levels of the trump campaign was willing to spill secrets to robert mueller's team. >> cooperation agreement he just signed is probably

my colleague at the new yorker reported senator rand paul with president trump's blessing offered foreignnister zarif the same official we're talking about in france, he was invited to come to the oval office and meet with president trump. that would have been an historic meeting, and the president is interested in a deal and dialogue with iran. this, i think, was french president macron's effort to make that happen and make it more multilateral. but the present wants a bilateral dialogue with the iranians. he wants a big deal with iran and wants credit for that. >> that being the case, why wouldn't or do you still see there's potential for the president to seize upon the opportunity. there's one more day of official business. and still perhaps an opportunity where the president would be able to or at least, you know, perhaps mike pompeo on his behalf, be able to meet with his counterpart, the foreign minister zarif? >> i think president trump wants this on his terms, and i think he wants a bilateral meeting with zarif. the problem in july was zarif was demanding relief immediately from s

titanic in one colossal all sinking of the global economy right now we've got donald trump starring with the ghost of paul newman on the bridge of the titanic watching as they engineer colazal failure of the global economy. 0 officer and the toyota to get up off the ground to serve began to. name the brakes on the sounds of men and maybe the grown man that mislead us into. john. pushed it away from the officer of the joy out of his group. the obvious or did they kind of lunge for the web in one smiths and then when it happened on trace one as observations didn't hit him i never saw any contact with. any kind went back to where they were so the answers back here that night again 15 feet apart at this point and that's when the officer saw his gun and he did john kerry. and his community there are people who believe that it's ok to suffer actual food on the table it's really hard there are no jobs and you see that i've got kids that ask and as a parent. i can come up with a logical argument there's a lot of conflict within the game between the host of the conflict i would say overall is around money and most

the trump campaign chair at the time was paul manafort. l about locking up political opponents. before taking over the trump campaign manafort had made millions of dollars working as a political consultant for ukrainian strong man viktor yanukovych, the head of a pro-russian political party. with manafort's help the pro-russian strongman won the presidency of ukraine in 2010 by defeating his opposition rival yulia tymoshenko. a year later with manafort's guy in charge of the ukrainian government tymoshenko was put on trial, sentenced to seven years in jail. they literally fitted her up, framed her and locked her up. which as you can imagine didn't look great to the rest of the world. but part of paul manafort's job was to make this "lock her up" operation look legit. legit enough. to help with the pr cleanup manafort hired a sleazy u.s. pr firm and a high-powered u.s. law firm that had a great reputation. a firm called skadden arps. manafort arranged for skadden to be hired to write a report on why the trial of the ukrainian president's pol

new paul numbers don't spell trump over joe biden, politics editor chris r wald claims these numberspell trouble for all moderate democrats. >> if that is the state of this race, if that is ahead of out the race before halloween. he will not persist. if the reality for joe biden is he is fighting for second place then he is on his way out because his electability, if he is not the front runner he is the nuts runner and he will have to get out of the race because what democrats need is a viable alternative to warren or sanders. they've got to have it and they've got to have a now. >> biden's campaign responded by christening the credibility of the new polls. he hits the crucial swing state of virginia today. >> tropical storm dorian churning through the caribbean overnight. >> puerto rico declaring a state of emergency as dorian could turn into a category one hurricane as soon as today. too early to tell if the storm will hit south florida later this week. >> janice dean tracking the storm, quite a few days away. >> we got the 5 am advisory and good news, the latest track does not mak

the fact that we're dealing with someone like donald trump who has clearly demonstrated blatant racism. former speaker of the house paulonald trump textbook racism when he went after judge curiel. and the list very long and has grown longer since paul ryan said that in june of 2016. i look at it like this. these people who are whining they don't want to be called racists anymore, well, maybe you shouldn't be supporting a racist and no one will accuse you of that, to bakari's point. you can not sit here. to scott's point, maybe back in 2015 and '16 when donald trump's racism wasn't as blatant to some people, even though his record was pretty clear, but even then you could say all right, he's irreverent. he is racially insensitive. you could make excuse. >> an equal opportunity offender was the phrase that was always used, tara. >> 2019, you can not say that anymore. you cannot make excuses. so if you dent want to be, then don't associate, or you don't care. you're telling people of color in this country that you don't care that your tax break is more important, that your whatever offense you think that donald trump is f

esta fotografÍa, ha desatado hoimass, tomada en hasta la visa de presidente trump a un hospital de el paso texas, el bebÉ paul aparece tambiÉn su tÍo, que es simpatizante de trump y aceptÓ regresar al pequeÑo solo para la imagen, incluso con dedos fracturados. >>> es uno congruente. >>> para este especialista, el lenguaje de marnd ta rÍo es dio coro dan ti con el dolor. >>> si uno no sabe de donde viene la foto, por quÉ se tomÓ, la gente dice, ah bueno es una foto de campaÑa, donde polÍtico besan a bebÉs para ser mÁs cas aquÍ. >>> pero no es la Única la casa blanca mostrÓ otras, y desmint molestia por la falta de prensa en los hospitales. pero la polÉmica invaden las redes esto se suma a crÍticas que de un inicio advierten una reacciÓn retarda da y tibia en esta tragedia. >>> los preso que han conectado con la comunidad luego de la tragedia de verdad se les rompe el corazÓn, con este presidente trump, sorpresa, Él no tiene esta capacidad. >>> en washington, javier vega, noticias telemundo. >>> hoy los migrantes y familias afectadas en misisipi intentan re encaminar su futuro, su realidad los tiene con mÁs pre

. ♪ paul: the reprieve from president trump's tariff delay seems to of been short-lived.hinese officials said to be sticking to planned talks in washington next month. let's cross to our senior trade editor, sarah mcgregor. the chinese are sticking to the appearance, but we have one official saying they do not expect to be making any concessions themselves before october 1. say the pile is set fairly low in terms of -- the bar is set fairly low in terms of expectations? >> this temporary reprieve, this the tariffse of until september 15, that will is motivated by the fact that the trump administration did not want to hit holiday shoppers or the businesses that imported goods from china. big takeaway is we heard from commerce secretary wilbur ross who said there was no quid pro quo. it was not that china promised to do something in return for the delay of tariffs. where we stand right now is that it is hard to see a path forward. talks will continue. we just do not know where progress can be made right now. no wonder we saw such a poor reaction from markets today . despite

the fact that we're dealing with someone like donald trump who has clearly demonstrated blatant racism, former speaker of the house paulrump, textbook racism when he went after judge curiao. these people who are whining about they don't want to be called racist mianymore, then me you shouldn't be supporting a racist and people wouldn't accuse of that. maybe back in 2015 and '16 when donald trump's racism wasn't as blatant to some people, maybe you could say he's irreverent, racially offensive -- >> an equal opportunity offender i think was the phrase used. >> 2019, you are can't not make the excuses anymore. you're telling people of this country that you don't care, that your tax break is more important, whatever offense donald trump is fighting on your behalf or all of those things are more important than the fact that there's an immoral person in the white house. >> i have to leave it there but thank you for watching. our coverage continues. cake in the conference room! showing 'em you're ready... to be your own boss. that's the beauty of your smile. crest's three dimensional whitening... ...removes stains,... ...whi