david kirkpatrick, really appreciate it.e have more to come, including the china lockdowns, what that means for us. this is bloomberg. ♪ taylor: china's economy is paying the price for the government's covid zero policy, with industrial output and consumer spending sliding to the worst level since the pandemic began. our very own stephen engle has more. stephen: clear sign china's economy contracted sharply in april, as continued covid zero lockdowns hammered industrial and consumer activity nationwide. with its two wealthiest cities though, shanghai and beijing, under covid retractions, retail sales nationwide plummeted a worse than expected 11.1% last month, as tens of millions of people were confined to their homes. factory output, too, tanked, the largest and only second year-over-year monthly contraction of industrial production in 32 years. yes, since 1990. now, the consensus estimate was for a modest rise, but clearly, china's industrial might was slowed by the lockdowns and supply chain issues. china's nationwide job

for more i am joined by david kirkpatrick, who thankfully, you have been all over this. am curious, i believe the supreme court can decide which cases they want to hear and which cases they want to rule on. what, at the heart of this issue, is really going on for some of these tech companies? david: thanks, taylor. basically what the tech industry is asking the supreme court to rule that a federal appeals court's ruling last week which allowed this law to take effect, must be removed and vacated. because the impact that it would have on tech companies is so extreme, that it would almost make it impossible to operate any kind of website where there is conversation, if that site has more than 50 million users. it is a truly inane, idiotic, and illogical, and crazy effort to change the rules for what seems to be just partisan advantage. taylor: talk to us about the advertising of course that we mentioned in the introduction, that companies of course benefit from the advertising. what would stop that flow of advertising, in your opinion? david: that is a great question, beca

we will be back here tomorrow and i will be joined by the founder of girls who cope and david kirkpatrick about the supreme court ruling on the texas social media law tomorrow. this is bloomberg. ♪ another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating

joining us now is one of the reporters behind that scoop, david kirkpatrick.ry much for being with us this afternoon. >> no problem. >> so you make the point in your piece that the path from sort of public office to private investing work is a well trod path if you will. but ethics experts say they stand out because of the speed of their pivots and for the sums of money they had raised with foreign rulers they had dealt with. explain some of that. >> well, it's different questions with each of them. with kushner, we reported previously that six months after leaving the administration, his new firm received a $2 billion investment commitment from saudi arabia, despite the advice of their own panel of experts that this was a bad idea. so as we reported then, there are significant doubts over whether or not this investment with kushner's firm was really motivated by the economic merits or whether, as the internal documents from the saudi fund acknowledge, it was part of a larger relationship with kushner. so you wonder is that a payment for something he did this