>> aei works in the world of ideas which is like climate.eather is like politics politics and weather are the same thing we're climate scientists, not weathermen >> don't tell me that. >> we do better work all the time no matter what. if we get into politics, we wind up doing work we're not best at. but mostly it's policy analysis. we need a better tax policy no matter who's president and that's where we spend our time >> are you optimistic about the next generation after millennials? i'm seeing some signs of life -- >> for sure. i'm completely optimistic. i think we're going to have the most entrepreneurial generation ever after illennials. why? because you always get a rebound. the millennials are fundamentally impacted about what happened in the financial crisis they couldn't move out of their house. >> and eight years of obama. >> it was very problematic a lot of things compounded mostly the financial crisis. made their opportunities hard to get. we're already seeing signs of life on that i think millennials are going to improve. >> you

aey have a similar, between rock and a hard place. talk about stopping buying bonds with italian yields that have gone skywards and have come slightly back down? spanish portuguese yields are up. buying, youour bond put those countries, all of which have a lot of depth coming, in a tough situation. -- ie basics backed strongly suspect that the ecb will participate in their favorite sport, kicked the can down the road. wonder in this environment if can kicking isn't such a terrible thing. workeld: it might politically as well as economically. haidi: pmi, what are we watching? wereeld: that is one thing asian traders can forget about italy and focus on serious data coming. the most serious is the china pmi. that people in the fourth quarter of last year, and came down, and collapsed in february. that was influenced why the holidays. that all came at a time when stocks were trading down in asia. for thems are looking many fracturing gauge and traders will be hoping that it will get a slight beat because it will confirm even if china's ec

at aei what scholars have written about. they write well on this. we will leave this for remarks from ron rosenstein. people comment on the role of law this afternoon. -- he will comment on the role of law in this afternoon. >> as we celebrate the 60th anniversary of law day, a day established by president dwight the as in our -- dwight d. eisenhower in 1950 eight, to mark the nation's commitment to the rule of law. we look forward to hearing from the deputy attorney general today as he discusses the rule of law, the first amendment, and the mission of the department of justice. mr. rosenstein

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aey would've said, what ridiculous statement. he said he is going to project 3.3 million new jobs.ow ridiculous is that? well, guess what? we did it. fake news! something i'm very proud of. african-american unemployment is at the lowest level in history. [applause] pres. trump: hispanic unemployment is likewise at the lowest level in history. [applause] president trump: women unemployment is at the lowest level in 19 years. and, something you have not years, wages are ining at the fastest pace more the young, they said 21, 19, i have to be accurate, let's put it this way -- wages are rising at a very fast level. very fast. got a be very careful. you know, when you say some thing -- i was off by 1.5 weeks and it's a headline tomorrow. we got him now! important, small business optimism is the highest that it has ever been. ever recorded. great house, ways, and means chairman, kevin brady, joins us tonight. he has done an incredible job. thank you, kevin. with his leadership, republicans passed the biggest tax cut and reform in american history. and, we doubled the job tax credit. [ap

at aei what scholars have written about. they write well on this. scenario ofotential the chinese getting brave, which korea withoutth american troops or an american presence. the chinese could proxy their orbit of influence in asia. it would have to be on terms highly favorable. would washington senate to a deal that looks like that? maybe. , more than any other conservative president, is likely to do it because he is less interested in the outcome if he gets a deal. hard --an nukes, it is it is hard to trust the regime, the iranian people do not trusted. host: there is an article about united states shutting down its operations against isis in iraq. what does it suggest? guest: a series of things, not good to me. we have been able to work with the iraqi's on the got against isis. we have been able to push them out of the center of iraq. let's remember what isis is. isis is the new name for a group that was called al qaeda. the head of isis is the fourth leader of al qaeda -- is the forced leader of al qaeda. what does that suggest to any americans

palestinians want a return of land they fled in 1968 when the state of israel was founded, and aey are furious over what they say is american bias toward israel, but with their slingshots and burning tires, the protesters, including six children who were reportedly losing their lives for nothing. but many palestinians, like hakam abushanab, who wants to study for a master's degree, believe dancing with death is the only way to show their desperation. inu have a very bright future. are you willing to die here? >> reporter: these protests are also fueled by economics. hza has been blockaded for more than ten years now. nearly half of young people can't find jobs while most families depend on humanitarian aid. >> glor: holly, just incredible images from gaza today. we should note that turkey and south africa have recalled their ambassadors from israel. you have been reporting in gaza for several days now. what is it like there tonight? >> reporter: jeff, there is a lot of grief here in gaza. they'll be burying many of their dead tomorrow. gt in general here in the gaza ttrip, most people

be aey could just temporary deferral. thank you so much, sophie.lso watching out for indonesia's rate decision. jumped,ow -- bet have triggered by the summer u.s. dollar environment. indonesia among the hardest hit out of the countries we see here in asia. therefore, more vulnerable to offshore capital flows. take a look at the chart undo tv . the chart library on the bloomberg. they appear among the worst performers in the region. while the fed is aware of the fallout, an exclusive interview said he mustg, he focus only on the united states. >> this is not really a new issue. this is an issue that's been around over the last six or seven years, getting pushed back from emerging markets. the story has to be and will be to have fed's charge is good monetary policy for the united states and other countries have to follow their own monetary policies and management of their own exchange rates, and to the extent they can, i am sure they would like be more influence over u.s. monetary policy, but we have to run monetary policy for the u.s.. we are ce

aey may financials in different position or much worse. >> are we getting a feeling with the rest ofhe eu is thinking? given all of this? happy --k they are they saw the system held and worked out. he seems to be a reasonable premise or for the moment. naturally the concern and will keep out of it, if not true they are interfering in italian politics directly. they will watch and see what happens. they are very concerned and not sure what will happen and what kind of campaign we will see. it could get very unpleasant. >> mark: thanks for joining us. let's get to spain now. the prime minister may be facing a no-confidence vote later this week, the pushback comes after his former aide was convicted of corruption charges. we are joined by maria. , could-confidence vote we see this vote on friday? >> that is indeed the plan. that's what the socialist party would want and we know on friday, the big question is do they have of course to get him out of office. there is no question they want it and go ahead with his vote. it's a question of do you get what you need from smaller regional lawm

at aei what scholars have written about. they write well on this. we will leave this for remarks from ron rosenstein. people comment on the role of law this afternoon. -- he will comment on the role of law in this afternoon. >> as we celebrate the 60th anniversary of law day, a day established by president dwight the as in our -- dwight d. eisenhower in 1950 eight, to mark the nation's commitment to the rule of law. we look forward to hearing from the deputy attorney general today as he discusses the rule of law, the first amendment, and the mission of the department of justice. was sworn in as the 37th deputy attorney general on april 26, 2017. to becoming deputy attorney general, he served as the united states attorney for the district of maryland from 2017, where he oversaw federal, criminal, and civil litigation and developed and implemented federal law-enforcement strategies in maryland. in total, mr. rosenstein has served in the department of justice for nearly three decades under five presidents, and nine attorneys general. moderator today is

aey see there is going to be shakeup in the marketplace and the offering capacity in europe because of height of the oil prices at $80 a barrel. talked to michael about the possibility of buying airbus aircraft. this is what he said. >> currently, spot prices are up close to $80 a barrel. to a that is going to lead significant shakeup of the industry as soon as this winter. some airlines is certainly can't survive this winter with oil at $80 a barrel. guy: sam, let's talk about the rate market. the interesting part of it is that this is another deal. >> this is according to the expansion of newspaper out in spain. over 1.5 billion euros. it is interesting the expansion has this today on the sidelines. it is interesting to see that we have this report out of this newspaper. today, the stock where it trades and also will be focusing on iag and where that goes in the u.k. market. guy: thank you very much, indeed. you can get the very latest on the stock story from our equities team. you can find it on the mobile at as well. coming up on friday, st. petersburg, russia's president speaks al

aei opening talks with major producers about the collapsing output situation from venezuela, as well as geopolitical issues over iran, as well as essentially what opec does next in terms of output curves. trading josh i've $80 a barrel. -- trading just shy of $80 a barrel. >> the white house says momentum is building with talks with china as the two sides seek to cut the trade deficit. steven mnuchin says intended afraid mark has been reached as for mark has been reached after the visit of the top financial advisor from china, although china has yet to commit to a specific figure. the two sides may yet impose tariffs, but washington remains optimistic. >> a lot of momentum from this framework. and ross has gone over there just are going to the different commodity purchases and the tariffs. so no, i do not see any positive at all. i would -- pause at all. i would say there is more momentum building bid >> the u.s. ramping up pressure on venezuela about an election decried as a sham. debt is owed to the government, including an oil company. debt ground to a hell yesterday as investors

aey have come back today with deal that is basically the same value they have agreed to last month.it doesn't a bit further. there have been questions about the takeda share price, but they have gotten this thing done, a bridge loan from the banks to get this over the line. it answers some questions that were out there. matt: they have a loan. matsui, musg are giving them money. hey be able to maintain an investment grade credit rating? ric: moody's warned there would be pressure. ceo has insisted this is something we want to keep. we will have to see where that goes. guy: to matt's point about the loans being dished out, this is incredibly cheap money being put to use by japanese corporate's. can i extrapolate therefore from this? ric: you have all the banks behind it, the government. the company's all have to do something. the domestic market is not growing. there is a lot of pressure. you have seen a lot of deals like this overseas. companies are willing to pay high premiums. guy: this gives you the option. er,nk you so much, eric pfann joining us on the shire deal. matt: let's g

aei program, i was impressed by the person representing the sugar folks, he held up his packet of sugar and said i can get it for free. i wish i would have thought of that. it is true when john made his point that sugar packets are still not going to be very expensive. if you charge three bucks for coffee you can give away packets of sugar. does costar program real men your free -- manufacturing jobs in the united states. hear grandiose claims from the policy group about how these jobs are created. those numbers are somewhat imaginary in my view. formers --bese farmers making sure they get land. you cannot shape the nature of differentcan grow a crop or use it for a different for a -- or use it different purpose. these stories are imaginary stories. ofe of the numbers sort boggle the mind. this issue of payment limits, am i being critical of the growers. -- the way the program is designed. don't tell me we are saving small family farms with these large payments. i had a friend who was an attorney -- his specialty was getting around payment limits. he told me this 10 years ago, do not si

he turned to our team for accountability >>> nbc bay area spo aey area r santa clara driver. >> chrishmura looks into it. >> good morning, when a mechanic works on your car you expect a test drive at the end but this one seemed to be off the charts. jeff chatter ton took his dodge in for minor work. when he picked up his challenger, the trip computer said someone had driven in 20 miles. >> i thought that seemed pretty excessive for something i describe as something that you could reproduce in a parking lot. >> that's not all. jeff says the trip computer also indicated someone drove his car more than 100 miles an hour. tonight at 11:00, what the dealer did after we spoke up for jeff. plus, why we were surprised when we looked up the mechanic's license number. i'm confident the things we learned will many power you for the next trip to the shop. if you have a consumer complaint, please call us or nbcbayarea.com/responds. i'll see you again tonight at 11:00. >>> thank you very much, chris. new this morning, one illinois high school doing some damage control after mocking a student athlet

. >> but again it was like the aei's with the good guys, they spent all this time and it brought thery to light and then these changes. this was all a bit the narrative like, that the city has bought, which is that you're the ap exposes it and then the blasÉ runs and we are done. -- bill de blasio runs and we are done. we discovered last year the nypd had invented an undercover officer basically in this time since the discovery of the ap through 2015 to spy on predominately sort of muslim women in city but also political students. and because speed is at brooklyn college. >> at brooklyn college. but because again there is this idea of the ap broke that story and the product to light entering been reform and recut bill de blasio. it was extremely hard to sort of get people to pay attention to it and to take it seriously. and to take seriously the harms of that. and my students very much felt like they were not going to be listened to, and so, this is my pitch to "the intercept," they asked me to write the piece talking about the harms of the savannas on them, which i did. and "the int

aey cannot with earnings, and beat on the overall revenue and risk share, but store sales were down.n as a result. we talked with the head -- the ceo of home depot in atlanta a few weeks ago about the home market overall and what that meant for his is the spirit he was very bullish. >> we are very porch net -- -- fortunatemer that the consumer is willing to spend in the home improvement sector. for housing, it has been a tailwind for home depot. if you think about new household formations, we are getting back to $1.2 million, which is a positive for the business compared to where it was in the downturn. seeing money a represent about one third of all new household formations, which is also renews. david: that is the ceo of home depot. you can probably hear the accent and we are both from michigan. housing has been a tailwind for them. julia: the question is -- it is -- is it a temporary blip? we have higher mortgage rates on the back end of the curve creeping up. shortage on the demand side to perhaps. david: so much is household formation for them. it is about the housing industry m

aey do that by supplying subjective valuation of the content they are reading. they hit up votes.the blockchain. utilize --er how to distribute the currency. by seeing the tokens flow through the system, they are able to take a percentage of those tokens. because the texans have speculative value, just like bitcoin, the websites are able to sustain their operations based on the tokens that they are receiving as well. betty: so people cash out afterwards? that is how they are able to generate the revenue than? >> they are able to freely trade steem i against bitcoin or any fiat currency so they can cash out, watch them stay in the system and use the currency as more influence for themselves and the platform. there is total liquidity at the same time. as you are earning these tokens, it is like earning money. betty: can you see this business model working with other social networks. facebook, for instance, which is so dependent on the advertising model. can you see something like what you are building hitting it to -- into facebook? >> absolutely. several, in the last months, zucker

at aei what scholars have written about. they write well on this.nario ofotential the chinese getting brave, which korea withoutth american troops or an american presence. the chinese could proxy their orbit of influence in asia. it would have to be on terms highly favorable. would washington senate to a deal that looks like that? maybe. , more than any other conservative president, is likely to do it because he is less interested in the outcome if he gets a deal. hard --an nukes, it is it is hard to trust the regime, the iranian people do not trusted. host: there is an article about united states shutting down its operations against isis in iraq. what does it suggest? guest: a series of things, not good to me. we have been able to work with the iraqi's on the got against isis. we have been able to push them out of the center of iraq. let's remember what isis is. isis is the new name for a group that was called al qaeda. the head of isis is the fourth leader of al qaeda -- is the forced leader of al qaeda. what does that suggest to any americans str

and hire aei to do the same thing. it's a tremendous amount of discretion. i'm not going to abuse that. but the statute permits it. >> to your point, the wide open nature of the statute really does more to highlight the views and ideologies of the person making the decisions. in this case, director cordray had a very different value system. and i thank you for your stewardship. and i have a couple other questions. with a little bit of time remaining. but my time has indeed expired. so thank you director mulvaney. and i yield. >> time with the gentleman expired. chair recognizes gentleman from tennessee, mr. kustof. >> thank you for coming to testify this afternoon. we appreciate it very much. first of all, let me say i appreciate the tone and candor that you've expressed today on both sides to all questions across both aisles. i think that we both share the common belief that the heart of real consumer protection means we're turning the power of the bureau to the hands of the consumer rather than one single bureaucrat. certainly that's something you've talke

on aey pull the trigger bed in an auction for the already lost last year.ncine: is it an all caps offer? offer ahey will need to significant bid. the finances there raising would give them the firepower for an all caps bid. it is going to need to be punched up. they cited antitrust. that would be much easier to do a deal with disney. give them certain roles in the future, combined entities that they favored over a comcast offer initially. francine: what would they need to do to satisfy the regulators mark -- satisfy the big leaders? aaron: in the u.k. where fox's looking at sky, comcast will have an easier time to get that through than fox which is under significant government scrutiny in the u.k. for that offer. francine: you are like the m&a expert. this could last for how long? aaron: that is a good question. up to this point, we are in the highest pace of deals since 2015. this might be the biggest deal of our lifetime if it sticks to the space. what is driving it is a mix of a lot of ceo confidence. europe has rebounded, low tax and low financing. a lo

aey are also calling for change on june 2, which is this weekend, which is crowds lining the street. we are not know yet what will happen with the president with the populist party. francine: thank you so much for joining us, bloomberg's rome bureau chief, alessandra migliaccio. joining us now, julian chillingworth, and another guest, julian, to you, why are we taking it so badly? politics, something with talked about on this program many times, has not particularly been high on the agenda of investors until this year, and now that we see the slowdown of , that is theist sort of backdrop, and i also think that again, this came not out of left field at all, but i think the markets were unsettled by the turkey issue. they have been unsettled at the royal the week by possibly losing on friday, and election in spain, and on top of this entire problem, some people are generally around the periphery. francine: what is the biggest concern here? is a targetat between the ecb and italian banks, or the fact that the fed has moved against this proposal from the front and's minister -- the finan

. >> we got to go, but in the aeis, was it that bad, derek >> sometimes i agree with them sometimes iey change they've changed a lot. i don't think this is done by any means. i do think the president right now is looking for a short-term fix. you raise the possibility of the north korea summit being tied to this i think that's entirely likely you get the summit you stabilize the situation in 2018 but this administration will be back to confrontation with the chinese by 2020 because, you know, president's own words and thinking about the issues demand that >> all right for those that don't know, david, the hutchins center is glenn hutchins one of the minority owners of the celtics have you seen that big ring? >> i would wear it if i had one. >> watching that game was -- >> tough >> lebron. that's all you can say >> that's all you can say. he's amazing >> it is why is golden state favored? i guess because of the -- anyway thanks, guys got to go. why do you think they're favored? >> because three-point -- yeah >>> when we come back, how the next iphone model could change we'll give you s

aey do not understand that coach usually has three strings of income -- a contracts, another contractand is working contract. and then usually a tb job on the side and all caps of stuff like that. this surprise you react to the paul on racial divide on this issue, according to the university of massachusetts lowell, it was reported last fall by the washington post. or than half of black americans, 54%, support paying college athletes based on the revenue they generate. the poll finds among white americans, 31% support paying athletes all 59% are opposed. his panics are split more evenly. 41% say athletes should be paid, while 47% say scholarships are adequate. caller: i lived it and i knew it and i knew the world that we live in. a lot of times, people look at and look at it like a poor ghetto kid is getting education, so be happy. they also do not understand the amount of money these kids are bringing in. and i'm not saying all white people, because there are a lot of white people that are aware of what is going on and are fighting over the rest -- fighting like the rest of us, but t

aey will not have to avoid rallying down in the currency and a surge in inflation. been the strength of the u.s. dollar. is that something that will continue? i think you generally will think there will be four rate hikes in the u.s. what kind of pressure does that put on emerging markets going forward? questionthis is a key indeed. created quite some weight in yen. idiosyncratic stories particularly in turkey or argentina, but also dollar strength clearly has put picks -- pressure on the yen currencies and the em debt spread and a bit of pressure on the equity markets. we have to watch the u.s. dollar very closely. what we have in europe right now -- nything which reports that would attend to support and put pressure on the em currencies. we will watch that very closely. that being said, we are not too worried on that point and, in particular, we are actually assured by the resilience of the cny. it is very correlated usually to the rnbd dollar -- and has been quite resilient. orfind that quite reassuring so, the fundamentals, there are some worrying stories here a

we have aey: humanitarian conflict of ethnic cleansing that is enormous in its scale. will help ine u.s. their national response. to fail to do so is to fail in our moral leadership in the world. to fail to do so encourages other countries that may have belittled and denigrated a minority to proceed to engage in ethnic cleansing. anticipate being in this dialogue as we go forward? sec. pompeo: i do. sen. merkley: thank you very much. finally i want to turn to special immigrant visas. last year congress worked to authorize additional visas for qualified afghans who come under threat because of their service to the united states. admissions have plummeted from roughly 1800 afghan wartime partners and their families per month to roughly 500 per month. do you have any reason for this sudden drop-off? sec. pompeo: i do not. sen. merkley: these are the folks who were the key partners for our ability to function. is there a possibility that the state department could work to accelerate their ability to come to the u.s.? they are at enormous risk. sec. pompeo: i know who these

we have been hearing for a while that 40% of finish drug products and 80% of aei's are made in foreign countries. but that number is from 2009. the fda hasn't updated it since, between fat and the lax labeling laws that says your drug only has to say where it is manufactured or who labeled it or where it was distributed. how are you able to figure out that the number of pharmaceuticals made in china was indeed growing? >> that's a great question. the numbers that are out there are old. i think they obfuscate, and where our data points came from is from people at work in the industry, who have come out and, frankly, talk turkey about how, in fact, dependent that we are. and we don't have good official numbers. have to ask the question, why not? the obfuscation, 80% of our active in crete is come two countries, they don't want to split up india and china. what they also don't want to do is split up the active ingredients from the raw materials. and so india may be making the active ingredient but it may be dependent on china for the raw material. they don't into that level of detail to r