a lot of trends going in our favor. ly the biggest trend is the explosion of content digitally globally. used to be followed a team in your state or your city, now, we have fans all over the world. we have more facebook followers in the philippines than we have in the greater boston area. [laughter] not to mention nba fans in 400 million china. we get 20 million video views a month from content that the boston celtics produces here in boston and pushes through all of our channels out globally. that more than anything has fueled the growth of the nba. our players are really savvy in terms of using the digital technology and social media. caroline: two brand themselves. rich: exactly. they are the first generation of digital natives. all that is feeding the bigger macro trend. not only television ratings going up, but streaming going up without detracting from television ratings. so it has really been a great story. and we are really reaching that the to get 18 to 34 group, young people who tend to be distracted by technol

there are a lot of family letters i came across. my maternal grandmother went to a school run by american missionaries so it's fascinating women's story in 1911. we have a lot of letters and an audio tape of her from 1971, which were -- i don't mean to put you on the spot. >> no. can -- let me find it here. so there are excerpts throughout the book with some different letters. we never heard -- no one the family heard back from the grandfather who was a prisoner there. so i -- this is what i imagined he wrote from the prison camp, and give me a second to find -- >> i think one of the fascinating thing about the book is just the personal nature of the relationships and the personal nature of the characters with these enormous historical phenomenon that are going on. his grandmother is caught, for example, the great flood of 1931, which was larger than the largest flood in the united states, and killed the number of people, the equivalent of new orleans. so, there are just by happenstance or abuse this is the nate tower of thing, his f

a lot of people are making a lot of money. ey're being influenced by that just a little bit. the bottom line we're talking about survival. we're talking about a country that makes a deal and is developing ballistic missiles that not only can reach all of europe. of course israel, but even the united states of america. you know, we can smile today and say, okay, we've got a deal but it is a deal that will take us, excuse me, straight to hell because it will result, i mean we're trusting the iranians? i mean that's crazy. that's insane. we can do better, and you know what? i want to trust the president on this one. look what is happening with korea. i want to truth him on the iran thing that we can do better if we can do better, you know, let's get rid of this. let's ditch this. we'll come up with something better. neil: we shall see. very good seeing you again. doubts over this, oil prices are over $70 a barrel. translating to higher prices from the gas pump, renewed friction in the middle east could be in the offset here. who k

it has a lot of information about the practices of their broadband provider. based on this transparency rule there is a partnership with the enforcementtake action if there is a violation of the transparency rule. set ofd a broad authority and they are the nations expert. there is anti--- that violates ftc law and the federal trade commission can step in and take action. >> what do you think of mark zuckerberg up on the hill? commissioner carr: it underscores how passionately customers feel about privacy in their data. they continue to learn how their data is being used. consumers have a strong interest their dataure that is being used >> consistent with our expectations. >>with the european privacy rules going into effect will we see that going on over here? commissioner carr: we will see how the gdpr will play out. when of people don't know the fcc made that 2015 decision is stripped the ftc of hundred percent of the authority including with respect to their role on privacy and data protection. reversing that, going back to the same type of regime, the ftc ca

they got a lot of great technology. really high quality vehicles. they are hitting the market where people want to be. more crossovers and utilities. you think of the old traditional volvo wagon, but pumped up to a crossover utility style. they are hitting a sweet spot. jason: put volvo incontext for us. we see them around, but you provide important numbers comparing them to other automakers in terms of production and number of vehicles, and in terms of the portfolio. tell us about that. >> for 100 years, since the earliest days of gm and henry ford, the auto industry has been about scale. there are always advantages to size. first, it is enough to run a factory efficiently, which takes 200,000 vehicles worth of sales. volvo has arranged from 300,000 to 500,000, maybe enough for it a couple decent plants, but not one on each continent or major market. you compare that with the giants. gm, volkswagen, toyota, they sell 10 million cars and trucks a year. they are like 20 times as big. for brands that are in between like that, if you are smaller, if you

there are a lot of opportunities. take away from hong kong or does that help hong kong? steve: we will find out. david: thank you so much. while we were having a conversation, let's have a look at my bloomberg term -- terminal. when 833 is your ticker for the stock to we are losing steam right here. looks busy there. essentially, we came from $58. 55.30. -- steve was with us. given the valuation steve, what are -- what is this price? >> essentially, it is price to sale ratios. what that means is essentially, the revenue needs to probably quadruple in the next three years. how they are going to do that, firstly, they need to basically double or triple their active users base. i know, they are sitting on about 30 million or so monthly active users. groupparison, ping on already has 170 million paying customers. levers thatot of they can hold in order to create that. it's a demographics that is most writing the market potential. steven: right. that's a good point. essentially, the company wants to have a main point in ch

that's a lot. eanliness, and local environment. but also in places like chelsea, responses to green felt, and every is

because there's a lot of jobs. we have a lot of job openings.at weren't hiring for years and years and years all of a sudden we have jobs. you know, one of the folks that my people were so impressed with is on my left is charlene. and i'd like to ask some of the people up here to just talk a little bit about what the tax cuts have meant. because the tax cuts have helped so many people in such a big way and charlene, do you think i could start by maybe asking you to say a few words? huh? >> sure. >> thank you, darling, thank you. go ahead. >> well, mr. president, it's a privilege and an honor to be here today. >> thank you. >> my name is charlene thornton. i'm originally from maine. and i moved out here to the ohio valley in 2002. the reason i'm here is because i wrote a letter to you and didn't really think it was going to be read, but it was. they're listening. so the subject of my letter was to let you know that this tax cut and jobs plan was affecting us positively. we also wanted to let you know we were here supporting you. >> thank you. >>

a lot to dig into. carol: yes, a lot of angles. all of that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief of "bloomberg businessweek," joel weber. joel, this whole issue is devoted to be quality. it looks at different angles and a global perspective. joel: yeah, we wanted to have a flag in the sand that said let's talk about one of the most important things happening right now. it ties with the conference we are hosting here at bloomberg, the equality issue. i wanted to build the issue around it. we cast a wide net through the newsroom looking for stories that we thought were profound. we spoke to "the times," because we are living through a moment right now, and we wanted to capture the spirit of the moment in the magazine. jason: this is me too, times up, and clearly, a lot related to sexual harassment and gender in the work place. but well beyond that, i mean, you really dig into areas of finance and areas of corporate culture as well. joel: this is about business. the business of equality. that is

is a lot of questions about what the u.s. s and what would donald trump takes a victory in his negotiations with china? hard to know, it's whether the markets are taking this anyway or not your -- or not. amanda: we have this quality deadline looming on the aft and we certainly know there are political deadlines out there. with the chinese trade delegation coming, is this the worst time for that kind of -- i don't recall a distraction, because it's usually important, but in terms of multiple strands of trade discussion going on, is that bad news for nafta? michael: it's very difficult to keep all these falls in the air for the abuse region, especially when the administration doesn't speak as one of these issues. robert lighthizer is the key person at least in dealing with nafta. there are a lot of voices on china, but lighthizer is driving the nafta negotiations and easily going to be tied up this week with the chinese stocks, so they can move forward or not enough time is a real open question, because he's not going to be abl

as well i just feel a lot of. push myself and kind of wanted to do something that challenged me but more importantly i want to play a positive role with my community and those around me so this came cause of the opportunity for let me just take it with both hands and we are today so god knows. what we're doing something completely different but it's all excited. i mean maybe imagine didn't see himself in this role but some of our community members might how this is marcus into the stream by even just some of the anecdotal accounts of measure it's a good heart and then also saddened people refused to give the guy a chance before criticizing him and bringing in religion and immigration as negative factors of why you shouldn't have the role as mayor and if you scroll down to this tweet which is on our account will read tweet it you can see some of the anecdotes his talking about when i graduated maj it was a president of the student union he sat for a full week watching every single student graduate in twenty twelve a

and in memphis like a lot of places. have a form for three days sponsored by the national civil rights museum. this is one of the things that came out. you need to increase the wages and the people don't have jobs you need to do something about something for those people. the wages have to go out. and it won't happen by themselves. these are all things that are happening all across the country and communities everywhere even when people are doing very well such as the neighborhood around here there is a lot of areas where people are doing terribly. i live in tacoma washington. some of us are doing fine. we have a lot of poor working-class immigrants. they're having a hard time making ends meet. and on the on the list. and all the challenges that we have today. as one person said. it's the best of times in the worst of times. for people in memphis. for other people it's actually worse than it was in 1960. one of the really great comments was by jessie jackson who said lastly the movement in montgomery alabama following th

if i said an amazing when i'm alone i know yanni a. lot of a a mish mash has a lot. about hummus in if its over there was also a very. it was also the mariel. also. he spotted an orca. that had gotten in real life for spotty and had to walk a year for. every little bitty for his or so for a bath and see if there were. also for the writing more to ask this guy. the whole talent. groups and if i want to tell a thought about an event that would lead the feet high with alan. alinea internet symbol of the yani nostra. nor mineral water or been. norman then an. unknown mandala on your lawn atlanta. with a in can some of. fallon. benefit. which our company had let me let you were senior men were sent in we get for the start of that to begin with and without his i would have. him old lot and even the ratty behaviors been this built. of a little wooden. kennel although so far come along what a joy in a muddle what nest of a hog it demands of. resources the other thought. we facebook we mention is how i'm well. what i'm be egghead will lead to home. and if you must then i say.

destroy all the competition of course are going to destroy the jobs at the competition and therefore a lot of people won't be able to pay the higher rate jeff bezos is the model that everyone is chasing a famous like earnings absent until he's flicked the switch and became the chilean dollar company are only going to take a break much more coming their way. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on often scary dramatic development the only really i'm going to lose is i don't see how that strategy will be successful very critical time time to sit down and tom. these we continue to discuss only about some amateurs of the maastricht. come back the six bonds and we don't we are not the book to give to the next generation and reason for which to be proud to be utopian these is the reason all of us can. welcome back to the kaiser report imus gys are time now to turn to alina noah she is the co-founder of tres door welcome thank you let's talk about fraser for a second what is it so hard will it secure so you're bitcoin w

there are a lot of changes. ear to be attracting a huge crowd here, but if you look at apple, that is sort of the big news where mr. buffett made the disclosure. he said he was buying 75 million shares in the first quarter of this year. worked out to be more than $11 billion. berkshire is pretty much the third largest shareholder of apple. you can see the stock definitely got a pop on that. berkshire hathaway's stock moved on it. people here are very interested but they're not overwhelmed by something like that. they are most interested in hearing about berkshire and the views of warren buffett and charlie monger who will take the stage tomorrow here at the centurylink right in downtown omaha, nebraska. what will they say about the economy, jobs. looking really good. trust me they are making a lot of money. inflation, will that somehow rear its head too quickly? who knows. we can show you lines today. remember the meet something not even today, it is tomorrow. the lines of people just winding around, very long bl

that it knows that is a lot different it's more about it's more of a community driven force so with the theorem you can mine and that's where all these bottlenecks come into place e.o.s. has a concept called block producers which is where e.o.s. to fish comes in but it's more community focused because if you mess up then the community can vote you out of you being able to be a block producer so that's a big part of what makes us great is that the community decides who gets to kind of do what they want and they vote with their with their tokens at that point so it's put your money where mouth is not sit on the sidelines and talk it isn't like. master now it's similar except there's more power to the stakeholders and us ok and it's already like the number five going to market cap that's right and there may not have been even launched so right and dan maher is kind of the guy was also with chairs and steam it. got to be a very project successful statement is you know paying people now to post content to this or to the web now where you see a story that facebook is thinking about coming

that is a lot of money.>> that is just the significance, the value. so we have ribeye steak marinated in herbs thinly sliced. we have some tomatoes on the bottom, a little bit of garlic on top. we have my special jam it is bacon jam, delicious on everything. top it with a perfectly fried egg. a little bit of spiced pepper oil and a little bit of salad. all the steak and the bread with a little bit of salad. >> i like the eggs, now you were playing professional basketball and you love basketball. you came here one year ago and you said that but it is hard to believe you love cooking more.>> absolutely. cooking is such a big icebreaker for me and it has allowed me to be an inspiration to live out my dreams and being on the come back kitchen i have another opportunity to live on my dreams make it through a tough competition. >> i watch a lot of the food network shows and i always wonder what is it really like? when they show the show do they edit a lot of it? >> it is edited down but nothing edited out. a lot of times you have a lot of hours on the set an

if it's down a lot or up a lot, you will actually make quite a lot of money. rter: would you consider your call a bit of a contrarian view? a lot of the put option premiums are so low, because look at the consensus ratings on the stock. more than $500. we have morningstar calling for 641 over the next 12 years. it's at 399 right now. institutionalthe banks, it is rising. >> that's my point. the dominant view is that it will go up. if it were to go down, it will catch people by surprise. one of the things i talk about is from a market cap point of view, the company already has a half $1 trillion market cap. it's amazing. but market investors know that an analyst know that. if the stock hits the target people have, up 30%, it will be eager then google -- bigger than google. 85%, it would be bigger than apple. can that happen? yes, but it's not probable in the next six to 12 years. emily: that was benjamin fuchs speaking with stephen engle. holds a shareholder meeting, new questions are raised about the power held by its board. we will discuss, next. later, we sit

a lot of that story -- doesn't have a gym.at story came out of those stories that were brought to the masses. so i. with.is happening recovery and with sleep you will learn from the best athletes how to recover and sleep properly. caroline: i think what is really interesting is you don't only have athletes but also fortune 500 ceos. what are the things they're learning from their data? will: much in the same way that you need to be at the top of your performance as a professional athlete, we are working with performance executives who want to perform in their daily lives. a lot of it comes down to recovery and sleep, but also other things you are doing in your life. things like meditation, can that help? travel, can that hurt? we work on them on how they can deal with jetlagged to see how it can minimize the effect of what -- how to minimize the effect it has on their body. caroline: does that include changing times of flights? yes, tenure exercise appropriately, thinking about her early you get into a city in order to recover

i believe there's a lot of rigor that requires. n a public spotlight that can be very healthy, create a currency you can use my personal view is that it's always a positive when the company is ready the challenge is, is it ready? one thing that's changed over the last, call it, decade to 15 years is a lot of first-time founders coming out, learning lessons along the way but growing at incredibly accelerated paces. from zero to tens of billions of revenue in six years, there's a lot of learnings there you want to learn those things in a careful way. >> we heard from spotif i's daniel ek. even brian chetsky said they're not necessarily going to go public even if they're ready how much of a problem is it in terms of the pressure you're getting? >> i think along the way different kinds of capital will come in. you have softbank raising $10 billion fund all that makes it easier for early investor to cash n at the same time, later investors come in that could be with the company three to five years. i think that's the new normal we're dea

a lot came off deutsche bank a lot of people are saying these banks own a lot of the debt.ond market is the third largest. that debt is somewhere remember the central bank bailed them out there's a lot of talk, by the way, that italy wants to succeed. this is false talk. >> you mean from -- >> the euro. it's false talk because their bonds would be at 10% overnight. they may want to have a kind of discussion that said we hate the euro that's more we hate germany. we hate germany. they feel second fiddle to germany. but, you know, look, if you want to take our bank stocks and their bank stocks, remember there are many international companies that can choose who they want to bank with they're going to bank with us and not them deutsche bank is losing so much of its business in this country. to our own banks because of the cut backs they're making. >> yeah. they've withdrawn. >> yeah. remember how powerful they were. >> yeah. >> at the wrong times. >> at the wrong times. >> yeah, during the crisis [ opening bell ] the nasdaq and the indy 500 winner up ed carpenter are ringing t

we have a lot of runway left ear. when if you had a job you had to make sure you do not lose it because you cannot get another one because the economy was so great. now to have the confidence that if you lose your job you will get hired again, and you might actually get more money or better benefits. is some much opportunity out there it is a really great thing for american families. they are in control of their destiny in a way that they were not a few years ago. optimism i have no problem celebrating. we are having a hard time filling our jobs. we do not have workers to fill our jobs. that is a unique change from five years ago. now we are having a conversation about where do we send our kids. the send our kids to four-year colleges? i might go be a welder, plumber, or electrician and make good money right out of high school. degreeget that four-year and the debt from four years of college, then go back to the trades. i do not know if we have done a good job about talking to kids about what kind of future they want.

there is a lot more to do. trying to do it in a short timeframe. >> my last question for you and then we will get together -- to others. why not do everything? you are doing prison reform. some people say why not do criminal justice reform, sentencing reform? why not take on the whole system? seems like you are starting a little bit more narrowly? jared: so, sentencing reform is something that people still have different opinions on. what we have seen is they have been trying to do it at the federal level for eight years, doing sentencing reform and prison reform and they haven't been able to pass it through. there are a lot of great people and i'm appreciative of the efforts they have made because without those efforts, we wouldn't be here today talking about this because they started the dialogue and the discussion. one of the great things about our democracy and the way things work is you have to keep debating, debating and debating and when you build consensus, you will have laws. people say the system is br

a lot of turbulence on friday. basis, we are down by around 13% on the stock this morning. took a while to get things moving but looks like they got things up and running. downside,, 13% of the maybe unlucky for some. matt: guy? this is what we would refer to in the business as a breakaway gap. gip three. of 3.pull up gip the stock has not ticked anywhere near the lowest low on the previous day or the highest high. a very bad technical sign if you are a technical trader. guy: matt likes to get his gaps right. the stock is continuing to fall. down now by more than 13%. guest whatu ask our air france symbolizes. this is a story in europe, a former state owned company, and has a big industrial presence, and this in some way get us to the heart of what macron is trying to do with france -- macron is trying to do with france. france needs reform. this is another indication of how big a struggle president macron faces. we knew we were going to get industrial dispute problems, labor problems, as he worked his way into mak

jason: amlo is the name people are talking about a lot in mexico. tell us who he is. el: we want to be in front of this story because for the next few weeks, it will garner more attention. in amlo is a nickname for the front runner presidential candidate in mexico. he has a 20 point lead right now, which is remarkable considering he hasn't held any national office. he has been the mayor of mexico city, so he has been prominent within the country, but the way to think about him is he is the negative mirror image of trump. he is almost a left version of trump. he is nationalistic, populist, anti-nafta and yet, south of the border. part of this story is about what will happen between the u.s. and mexico relations when someone this prominent with this much popularity, who business doesn't like, takes over a country? carol: it is about the debate between old and new economies in mexico. we caught up with our reporter for more. >> amlo is, in some polls, 20 percentage points ahead of his other rivals. he is really in the lead, taking a very strong stance on issues that, for

a lot of debate about how long that's going to last here. ment, global slowing, the earnings growth story has much less traction it wouldn't matter if growth was strong earn could slow a little bit iss earnings are better, guidance is better, capexis better the slow down story is lending less weight to this. there are people trying to counter it if you look at what has been going on recently, it's an issue. goldman sachs was trying to counter some of the arguments saying the global growth outlook is strong. technical head winds are likely to ease. again, the bears have the upper hand they better get a response, though the global growth story we've been pointing out how crumby the market has been. the descending triangle. we've had a period of lower highs in the s&p 500 ever since the market hit new highs in the early part of january. that's a descending triangle there. the sub 4% employment number, in theory, that's good. we have rarely seen a sub 4% employment number. since 1990 there's been three months april, september, and october 2000 an

there were a lot of harsh words out of north korea the official news agency -- i have the quote for youhis came out of a senior, senior person from north korea i'll pop it up here. this is -- wrong one sorry. any way, in essence, they were calling -- or threatening the united states to call off the summit and this was a senior u.s. envoy for north korea who called mike pence, the vice president, a political dummy because he had suggested again that the libya model would be one that should be used for north korea in an interview he had with fox news so, this envoy for north korea had said that he should not have said that, they had strong words for it, and so that just again puts in a lot of uncertainty about what will happen with that summit >> they suggested, hey, don't say that we're inviting you to come sit down with us, you invited us we're not doing this if it's not in our best interest don't miss our sit-down with commerce department secretary wilbur ross this morning on "squawk box" at 7:15 a.m. eastern. there's a lot to get through with him this morning. >>> we have so many mark

that's masa, he goes off script a lot. it drives his pr people insane. >> remember when super man was able to reverse the world like eight seconds. i thought he was a super man but he couldn't do it. >> masa? >> yeah. >> i don't know if he can fly. i'm not sure he perfected that technology yet but masa is like a tight rope walker ever look at what they're doing and how many different things they got going on and the bets they're making enormous bets. >> really? >> yeah. a man who likes to walk high on one thin wire. >> have you seen where t-mobile stock is >> hasn't done well since the deal was announced. >> that's how good the quarter was. is it dumb, dumber and suicidal? >> i don't know. it's a fair point to take a look at the decline that stock had since the day of the announcement. >> magenta means red ink. >> a lot of companies are facing policy questions t-mobile, obviously, at&t, and now iran, which is affecting boeing or could affect boeing over time. futures are on the rise. oil hit a three-year high. a day after t

a lot of b.s. to study well at the kind of mushy finality and i don't let the your talk about how much more i'd let her be honest and a half it shall get a letter i learned to whom i had that that's not to be a story. so it's all so much money so it. was that before this was useful to you with a lot of. different people and. they've been nice and friendly down five hundred fifty dollars i want to do with the family the forty year city of atlanta just obviously i told you. i learned what had. the popular niche market how to be a good f.p.s. it's b.s. and. the bomb but don't tell except that i don't know how that would be when i decide that i love the idea i came i thought the whole miniature outlet hobby and with an a ha. i don't mean. but these are a little how do you have the thought has he has the bottom of the head of the something like that i don't fuckin alamy oh well i know how that the jets are looking to us and i'm going to have feel we'll sort it out then i said you can was awful but he cou

we have a lot of work to do. tally, that business tax cuts will absolutely pay for themselves at 3%, 3.5% growth. regarding the rest of the budget story, it is a question of political decisions and political will and, of course, good policy to limit federal spending we still have to work on the entitlements, both the large entitlements and the small entitlemen entitlements all that is under process. mick mulvaney is the omb director and is as good as it gets it's a long-term process but i think, jim, the first answer i would say to you is, right now, year one or year two, the deficit story has come back down that's what the cbo numbers, and that's all static. they won't acknowledge the supply side growth effects of my tax rate reduction okay i understand that. but the fact is their reestimates are very positive in the direction of lower deficits. >> with all this growth you're talking about, larry, the dollar is back on top you've always talked about king dollar and why you've been an advocate for the u.s. to have

it's exactly why a meth addict when they get off of mass looks a lot like a parkinson's patient.you want to move and they don't want to talk or experience pleasure from anything. you don't want to elevate your dopamine that much but if you just elevated modestly bigger good cup of coffee or run or sex those things all moderately elevate your dopamine. >> was the other key? >> the other is dopamine related to. when you study tesla he ends up -- you so many traits that turned up to a level so much higher than the other guys. my final references that he turned it to 11 and you notice things in him that you then start looking for and the other innovators and find them and they think no one has even talked about when you study tesla it's it clear that he had some form of dopamine to circulation. he's manic a lot of the time and almost never sleeps and he sleeps two hours a night if he sleeps it all and has a lot of slowing thoughts and he's acutely sensitive to stimuli like the sound of a flight landing on a table hurts his ears and lights hurt his eyes and tries to shut off the light

in or see a lot of people were just kind of a lot had a lot of things that he was it's a breath of fresh up a lot of people just excited to do things differently than all of us because the thing a lot of people were saying that they were kind of tired of the status quo and this kind of government love opportunism special of people for my but grown from a been a bug on what it was more excited to have somebody that looked like the most somebody that could represent them so in all aspects and coleman of the city a lot of people were just really really excited to change a lot of people who really really behind jimmy. jimmy are you know you're already a political animal when you decided to run what happened what was that product what made you say ok i want to be malibu and. well it really started after our current president united states that one you know i've always been respectful of who was in office but i always believed that you know if you believe that that's not the way that you should go out lobby and you know protest and you know really make your voice be heard but this particular w

we have a lot of longs in italy, a lot of positioning that needs to get on wild. unwound. the technicals are going to be very important. you need to respect them. jon: let's talk another level. italy over spain -- does that make sense? does it make sense to have a multitiered bond market in the eurozone were people start applying the term semicall to spain? >> if we are getting to the point where we are going to have a multispeed europe, if this table,rce germany to the you do need to see some form of differentiation. when you have compressed spreads , greece trading on top of germany, bad things happen. lisa: i am looking at the spanish gdp and the acceleration we are expecting. it is a better economy than the italian economy. period. the end. does it make sense for there to be differentiation between the economies? yeah, that's what a bond market is to be. jonathan: that is what should be. lisa: yeah. jonathan: but it hasn't been. will it be? is the ecb going to allow this to happen? and if italy went, and i am not saying that anybody's having real discussions about that

so that is a lot to be doing at once. neil: the markets i wouldn't say resigned to this sort of in your face trade approach to amber's point but they're a little confused by it. i mean the president is right to bring up the way china does rig its currency, its markets. all of that has come clear as a bell in these discussions but is this response for it? now this is a worldwide phenomenon? >> so far if you judge the president on what he's done, no one expected he would be able to get north korea to the table. neil: very good point. >> he has gotten us there. we talked for months about this trade war he was starting with china and how it will impact us negatively. that has completely blown over. this administration come to a point where they're going to treat our allies and people, trading partners around the globe differently than the previous administration. they will take a hard-line. it is going to be an america first line. they're willing to deal with the consequences there. so i'm not, i don't love the idea of fightin

a lot of praise toward the american administration. a completely different tone as you can imagine coming out of the palestinian side. in fact, the mission in d.c. said that the decision by the u.s. to move its embassy there was the end of the u.s.'s role in trying to broker a two-state solution. they called the decision pushing israel closer to the line of a full fledged apartide state. >> putting the u.s. in a very different position to say the least when it comes to the israeli palestinian conflict. we'll be following this story all morning. but turning to north korea saying it's going to hold a ceremony for dismantling its nuclear test site later this month on the 23rd through the 25th of may. in a statement run on state media a north korea foreign ministry says all the tunnels in the testing ground will be destroyed by explosion, and that above ground observation, security and research facilities will also be removed. in addition, north korea says it will invite journalists from the united states, south korea, china, russia and gre

so there's a lot going on in the mountains. that line going through the valley is really lit up. 50s on the temps here. low to mid. it has disrupted the fog bank. scattered showers. a few isolated thunderstorms. most of it is off to the north and east. it's close enough. sunday, monday, will be warmer. today is the coolest day. monday will be the warmest. 60s, way below average. do we still have bad news? or is there anything good? >> you know what? the news is not good. all over the bay area, we're tracking a number of issues here. we have the crash in crockett. we are going to get to that in just a moment. we have leigh martinez at the scene of this accident. this is video here of a truck, a big rig that caught fire early this morning on northbound interstate 880 at right at hegenberger. and several lanes are blocked in the northbound direction for some time here. as emergency crews responded to try to put out that fire. we are working to get information on whether or not anybody was hurt in this case. again, this was a big ri

but it's a lot like our first day. wells fargo. established 1852. re-established 2018. and applause] >> this is a special night for these three really great people. and congratulations on being in this country. gerri: history in the early morning hours as three americans are freed from their night or in north korea. president donald trump welcoming them home and setting the stage for an historic summit meeting. we will have complete coverage and analysis. trent investors watching on the policy that center stage now. oil prices driving energy stocks higher. the dow up 182 points yesterday. gerri: oil prices soaring again near $72 a barrel after president trump withdrew from the nuclear agreement with iran. right now oil is 7156. cheryl: stock market futures, we are looking at another grand at another green opening period to 35, nasdaq up 14 and three quarters. gerri: in europe, royal bank of scotland in the spotlight after his u.s. investigation into its mortgage security business. cheryl: asia green across the screen. the big winners up almost 1% overnight. "fbn:am" star

>> david: you said there were a lot of things we don't know. one thing we do know is this guy who was coming here, kim young chol, these sort of reminds me of a friend who used to have a collection of poisonous spiders. it was wondered how could he deal with poisonous spiders? he became the curator of the reptile department of the national zoo so he knew what he was doing but i just hope and i think they do when you look at our current secretary of state mike pompeo, you think of john bolton, you think of gina haspel, they know they're dealing with poisonous spiders. they have all the background of how to deal with these people so i trust that they will be as careful as they have to be but this is a guy who was responsible for the death of 46 south koreans involved in that incident that rich was talking about. god knows how many north koreans he's been responsible for murdering. so we are dealing with poisonous spiders and we just have to be very careful here. >> sandra: what does this mean politically if this does happen? what are democrats goi

now, there is a lot of preliminary information. kate, you can see behind me this is a very active scene at the moment, according to the sheriff. they have the bomb squad multiple law enforcement agencies from multiple levels scouring through the school, making sure no one else is in harm's way. we're also getting information about injuries. he says that a law enforcement officer was injured at the school, and we don't know the details associated with how this individual, how this law enforcement officer got injured. according to witnesses, we've learned of other multiple injuries and at least one other student, a girl, that was shot in the leg. now, again, kate, this is towards the end of the school year. so when you think about this, graduation was supposed to be tomorrow. so these individuals, these families are supposed to be celebrating at this time, and instead some of them will be arranging funerals. again, from the sheriff, and this is the latest breaking information here coming in to cnn newsroom that eight to ten fatalities

we've been responding a lot during the highest and most busy times in the system. when we can encounter people. there is also a need during the less busy times, and also when other services are available in other people are available that we need to coordinate ways. and having that additional position has allowed us to improve that. i'm very pleased with seeing decreasing numbers. this -- there is always a need that is unmatched by any single resource. that is why ems six has had ongoing needs for continued efforts on th a varying individuals. you know, we accept the fact that as some people get transitioned into more stable situations where they don't have acute emergent needs, other people do come up that need our attention more. but, yeah, i would agree. it is a somewhat different role done, first response vehicle. if you look at the configuration there are similarities. the vehicle can fit a -- configuration look similar in some of the personnel look similar, but it is kind of a different role. >> vice-president nakajo: do you want to comment? would you like to

what we hit was a lot of selling. that's resistance and not surprising >> thank you very much the dow heading back to win a nip of 25,000. how much is the recent buy back boom fuelling this run and can you trust the rally. >> john lynch is or chief investme investment travis, i am going to start wu buy backs have been helping. i cannot imagine they are not helping in some ways another thing that's helping is some of the worse fears of the past two months have not materialized and trades was boiling as a potential problem and now it is on simmer. >> that's right, tyler good afternoon the market has rallied since the job report as bob pointed out and there is several factors and wage inflation have not been as extreme and the january job report that we saw in early february and the worse of the trade fears have failed to materialized once people realized the offset of tax cuts and relative to the actual number we are looking at $800 billion and tail winds to approximately $80 billion and head winds from over the course o

a lot of people hate everything just like a lot of people love everything so that's not really like a fair thing and even that type of thinking is what's wrong with this country today the idea of you can just put all of these different types of black people in a box and think that they are oh what the black people smoke and they don't like you a lot of them like it you're not going to you're not really going to say that about any other race you're not going to see you know oh yeah you know a lot a lot of curious you know you're not going to say that but you're going to do that to black people so that person is proud instantly problematic and the reason why we need videos like this i mean and when you look at like some of the things that glover was doing in the video it's really incredible i mean you know because like i said everyone can kind of watch it and see different things that suddenly speaks to them and that's the strength the powerful are you know when i saw the video and saw how he was moving the facial you know what he was the faces he was making things like whoa you know th

it won't take a lot of your time. but if you're interested in not just chinese history but kind of that search for roots. and this is just a wonderful, wonderful book. beautifully written. so i do encourage you to take a look at it. so i want to thank scott tong for the opportunity to be here today and for writing a great book. >> thanks. [ applause ] >> thank you, guys. thank you for being here. and thank you all for coming out. scott was nice enough to sign copies of his book. so if you would like, you can sort of form a line. we have some in the back there. we have some behind us. and you can come on and meet scott. thank you guys. . >> book tv in prime time with a look at recent book fairs and festival from the 2018 san antonio book festival, san antonio mayor discussed his book building equitable cities. hollywood screen writer roger l simon took your phone calls on current political and social issues at the los angeles times festival of books. and from the unbound book festival, a discussion on the me too movemen

you don't hear a lot about her. u hear about phillips robinson on the bridge down on bloody sunday. margaret jones moore was on that ground too. margaret jones moore had on a white coat as well. both had fallen and beaten down on that bridge. market jones moore was a stalwart of the movement. she taught me english in 11th grade. even at that time when we were not at the church in other schools, she would talk about the freedoms that we needed to enjoy. she would talk to her students about what special people they were, and never to let anybody diminish you. that you were a strong person, you were a great person, and just because you were african-american did not mean you are any less than anyone else in this world. we really understood what the purpose was. we understand intimately what our mission was, and what the outcome was we were working towards. we knew, especially after bloody sunday, that we were making history. it is unfortunate that bloody sunday had to happen. we did know prior to bloody sunday when we we

you're seeing a lot of things play out that are following a set kind of formula. that is nobody really knows what the future is going to look like five, six years from now but i think the bet most people are making is premium content is going to be very, very relevant five or six years from now a lot of band width is going to be required to make all of that happen and there are going to be new kind of business models surrounding this particularly as it results to ad-driven type models so this whole vertical integration of distribution all the way through media, everybody's headed down the same path i would tell you i even believe the t-moblie/sprint deal is following the same path. people are recognizing this is going to need an amazing amount of band width to do this sprint and t-moblie are saying can we invest at a pace fast enough to keep up with this. so all of this v vodafone, liberty, global, comcast with sky, all of this is following the psalm pattern. >> seems to me that owns pipes is a great business. you have direct connection to the consumer direct bill

i read a lot about this. there's a professor by the name rifkin from u penn that writes a lot about the nding of capitalism because of all of this. how, you know, 2/3 of the economy is based on consumer spending. and if consumers don't have jobs, they're not going to be spend. go out and andrew so it's going to totally reform capitalism as we know it. or change capitalism as we know it. a lot of estion is people have proposed shortening because, you know, technology is what it is. the average worker shouldn't have to work more than a few a week in the future. and they're doing that in europe now. you're seeing the work week in germany, for example, it's like 30 some hours a week. and that way, you know, the jobs there, the work is more divided amongst the workers. and it seems to me the five day week should be on its way out in the new century. comments onget your both those points, if possible. thank you. host: thanks. guest: first thing i would say that like other waves of technology, we shouldn't have less

trade representatives have a lot of irons in the fire. the office tells me they can never remember a time where they have ever been so busy negotiating on so many different friends. the president pointing out that there will be big news coming soon for our great american auto workers have her decades of losing your jobs to other countries. you've waited long enough and announced the commerce department will initiate an investigation into the imported vehicles and auto parts on the basis of national security. this could also push a deal announced. >> nafta is very difficult. mexico has been very difficult to deal with. canada has been very difficult to deal with. they have been taken advantage of the united states for a long time. i am not happy with their request, but i will tell you in the end we win. we will win big. >> china trade in our trade deal with china is moving along nicely. in the end, will probably have to use a different structure. the chinese signaling a shift in their policy. in fact, for the first time state trade soybean

we've heard a lot about it and i'm glad to hear a lot about it. we actually just this week asked for additional comments on the transaction and welcome all stakeholders to make their views known. there's interesting issues to work through their and i'm glad our record remains open so we can continue to look at comments. >> peddie think that merger process works because there's been-- congress is looking at that and there's been calls for a long time to sort of reform the merger process. how well do you think it works? >> again at some of these issues when i was general counsel, i think we are moving in a better direction now. historically i think the commission got away from the legal approach intended for transaction reviews at the agency. i mean, if you could find something you didn't like about the transaction you could take that one thing and then attempt to achieve unrelated policy goals. however, meritorious you could justify them saying there's harm over here so i will put conditions to this transaction and public interest goals over here r