one was ebenezer allen, who i find fascinating. he was ethan allen's cousin. they were all up here, cousins, and he was a stone killer. he had rangers and headed a ranger company and he didn't like what ethan allen was doing, but he got into this -- sorry. he got into -- he was heading rangers and he -- sorry. and he organized, they were going after the british troops who were retreating and they hit a convoy of them and grabbed two people who were-- they took the convoy and these guys were-- they carried scalping knives and they used them. and they grabbed two slaves named dinah mattis, a british slave, and her daughter and got together with his thugs, with his rangers and he said what do we do? he side it's against the sight of god to hold hostages, to hold slaves. and so he wrote out the first emancipation proclamation in what i think was in america, to free them. and that's -- that's still down, i think, in bennington. the original thing. so he was a good character. another one i liked was -- sorry. sorry. was lord jermaine and i don't know if you know who

no person allen replied.hen once more they said i do not give you a chance to fight and he said i will never ask you to come again. the next day that stark surrounded the brunch rikers and trapped them and they began picking them up and went right over him. was one of the really good battles. that's the one in which stark had his horse stolen. one other thing that i found that i looked at some letters, some papers, you always hear about the generals who get killed in battle, but you never hear about the common soldiers. i went out to the library in chicago and found letters of ebenezer fletcher, he was a paper and this is when the americans turned and fought for the first time and hit him so badly that they tried to deploy and lick their wins and then the american army got away. he talked about how he was captured and he was lying there and they took everything he had and then he said he had been shot in the back so he had a wound and they took everything he had come close and everything in a couple british r

allen: very much so. the supreme court was not friendly to the lincoln administration during the civil war. the chief justice of the united wases during the civil war a man who was the author of the in 1857.t decision he set himself to oppose the lincoln administration as best he could. with theto interfere suspension of the writ of habeas corpus. on it goes through the war. believed hisy responsibility as chief justice to be was the judiciary -- we think as we are taught in civics class or government class, we are taught that in the american constitutional system, there are three branches. executive, the judicial, legislative and there are checks and balances and these three operate with a separate powers. they operate in a balanced fashion. we wish. too often, the case has been that the executive bolts ahead or the legislative bolts ahead but in 1860, the executive and legislative had not been too good at dealing with the -- the dred scott decision, they lurched ahead, and the judiciary will solve the i

allen. you can't be sending it back. you would be sending it back to mr. trump. plus, the 9.95 billion by the voters has to go to the high speed rail system. this is what the points have been giving. >> i appreciate gavin's ineptitude to give me a chance to respond. this is very simple. we defund it in the very first budget. then we take it directly to the people of california through a special ballot initiative to return funds where they belong to you, the california taxpayers. california does not need a high speed rail. if you want to go anywhere in the state of california, you can take southwest airlines each way. and you'd better believe we'll build a bigger airport in the middle of silicon valley so you can get there, too. >> mr. chiang, people and families all across california families all across california are making big sacrifices to live here. long commutes to work. working two jobs. going into dote put their kids through college. in light of their sacrifices, i'm wondering, what is the biggest sacrifice you've made in your life? >> i'll tell you the gr

road —— allen road.it seems the everton keeper will be that man, there is nothing to many doubts about it. you get the will start against tunisia. the squad numbers have not yet been announced.” against tunisia. the squad numbers have not yet been announced. i was going to say, perhaps things will be a little bit clearer when gareth southgate has the full limits of that 23 to choose from at allen . take us through the little bit of itinerary —— elland road. . take us through the little bit of itinerary -- elland road. one friendly downtown one to go, that's against costa rica at elland road on thursday. that's when we may see jordan henderson and trade alexander arnold and liverpool players involved in the shipping league final. england depart for their base which is not too far from final. england depart for their base which is not too farfrom st petersburg. they will be flying into st petersburg and then they travel the day before their match in volgograd against tunisia. then come group games against

i am paul allen. this is bloomberg. let's have a look at the chinese currency, weakness continues, but are we getting to the stage where we have consolidation? blog is suggesting that. >> we have the yuan above that support level. monthou look at one implied volatility for the offshore rate, that is spiking and suggesting traders have been caught out by depreciation. this feeding the debate on whether china is weaponize in the currency. depreciated 3% this month against the dollar, but sean taylor at deutsche asset management says this move may look big, but when you look at the year to date loss come at that has not been as sharp as it could be given the currency has held up well compared to other currencies. haidi: thank you for that. we will get more on the yuan. joining us now is the cohead of asia rates and fx strategy at bank of america merrill lynch. i want to look at this price action and dollar-yuan in one week alone. which is less dramatic when you look at offshore yuan. the biggest decline since the 2015 deva

i am paul allen. this is bloomberg.aidi: facebook has disclosed data sharing partnerships with or bank chinese device makers, including while way and lenovo -- whil peter, why are people concerned about these revelations about one company in particular? facebook made these revelations as they were talking about how they shared data. in some deeplanded trouble recently because they were used data from cambridge analytic a that allowed interference in the 2016 presidential election. the united states government is concerned about how facebook has been sharing data with other companies, and asked about handset makers in particular. there are many outside china, but they said there are four chinese companies they have been sharing data with. the goal was to make the experience smoother with some of these handset makers. among them is while way huaweilogies -- technologies. it is not allowed to sell its equipment to american telephone operators out of concern it may help the chinese government with the data sharing. this rev

i'm paul allen.top story, the global economy on the verge of a trade war, with china retaliated to president trump's announcement on tarriffs. joining us, tom mackenzie in being. this is a salvo, tit for tat. what is china hoping to achieve here? response has been one of saying that they will retaliate. they want to be reactive rather than proactive. they don't want to leave the trade dispute, but they will push back and take what they see as appropriate measures. two lines from the chinese side. on set of tarriffs imposed july 6 if they don't come to resolution, and those will target specifically agricultural states in the u.s. soybeans, wheat, pork, beef. 25% duties, $34 billion worth of products. there's also the automobile sector, pain felt by tesla and german automakers that produce in the u.s. and sent to china. the additional list of sanctions or tarriffs, $16 billion, at some point after july 6 if they don't come to an agreement. clearly chinese officials have been doing their homework around

here is paul allen.aul: the commonwealth bank of australia has agreed to pay a record $700 million australian fine or for any -- $30 million u.s. breaches of terrorism and money laundering. further contravention's and reporting, monetary and customer due diligence. this is confirmed by the federal court. it will be the largest civil penalty in australian corporate history. opec and allies are stressing the need for cooperation for stable oil supply. energy ministers from saudi arabia, the uae, kuwait, algeria and oman held a meeting in kuwait city. emphasized the importance of maintaining adequate investment. crude prices have fallen since the saudis and russians talked about reviving production. the u.s. is warning north korea it will win relief from sanctions only when it shows irreversible moves towards denuclearization. james mattis made -- met with counterparts from certain countries ahead of the summit. he says the west must maintain a tough stance while the diplomats negotiate. the u.s. could be 5

here's nbc's ron allen. >> reporter: cyntoia brown admits she kaled a man named johnny allen in nashville in 2004. the case so shocking it inspired a documentary. >> i just grabbed a gun and i shot him. >> reporter: brown was 16 then and claimed she was forced into prostitution and shot her victim in self-defense. >> guilty, first-degree murder. >> reporter: prosecutors called her a cold-blooded killer, who robbed her victim. her sentence, life in prison parole possible in 50 years. >> i'm not saying i deserve anything. i'm asking for mercy. >> reporter: that emotional plea recently to a tennessee parole board from a woman who's now 30 behind bars 14 years. dvocates emphasize brown is a most precious treasure, my family. >> reporter: on social media kim kardashian, rihanna, lebron james and others say brown's a lifelong victim of abuse and human trafficking. you think she is rehabilitated? >> oh yeah. as much as it seems like to me can happen. >> reporter: d william burnett, a psychiatrist who first evaluated brown after her arrest, said she never should have been sentenced as an adult. >

of next, we speak with henry allen as he recalls his participation in the civil rights movement. >> i was in selma basically all my life. i was born on december 30, 1944. i lived in the east part of selma. in the community where we grew up in, it was a black and white neighborhood. we were poverty-stricken. it wasn't just my family, but basically the families that lived in that area. even though it was a black and white neighborhood, the whites had no bragging rights. they were a little step a bove. accepted the lifestyle we were living in. that was basically all you knew.

i'm paul allen, this is bloomberg.evelopments when it comes to the chinese markets. steady grind lower. we were talking about how a difference of 2015, given as we haven't had the massive bubble. it is a decline from a pretty low-level. will they continue today? >> that does continu the bears have not gone back into hibernation. a third of a percent. swinging to the -- declines. tencent the biggest drag on the benchmark. we are keeping an eye on what's going on in the currency space. offshore rate trading against the dollar. senators in as u.s. talks with trump regarding how the company may stay in business. play.a few catalysts in does el like it will be a down day for shanghai stocks. >> let's get more on markets with andrew harris. -- andrew ferris. let's go to the shanghai market and bear market terrain, seeing declines every day. is this something which is a big concern to your clients? what do you tell your clients with regard to it? >> i tell them two th the markets might be right in being worried about specific

travis allen, john cox. we will be back. ♪ they taste like victory because he always gets the lowest price on our rooms, guaranteed, when he books direct at choicehotels.com. or just say badda book, badda boom. book now at choicehotels.com.

kpix5 anchor allen martin shows us the fiery exchange. allen? >> ken, the heated back and forth in the briefing room was about the administration's policy to separate migrant families at the border. it first started when attorney general jeff sessions referenced a bible verse after a catholic archbishop criticized the policy as immoral. the bible verse from the book of romans says the laws of government are ordained by god for the purpose of order. today reporters asked sanders to explain that. other reporter ask -- a mother >> i'm not aware of the attorney general's comments or what he would be referencing. i can say that it is very biblical to enforce the law. that is actually repeated a number of times throughout the bible. who have been separated arents. >> another reporter asked sanders, a mother of three, if she feels anything for the children who have been separated from their parents. t's a law, a >> reporter: come on, sarah, you're a parent. don't you have any empathy for what these people are going through? come on seriously. >> settle

and he said, allen dulles, i would call him -- call in the essex. i would check it out and call in the essex and they did know who they were dealing with. i don't think historically there's any question that president kennedy was very reluctant, the one of the things the cia, if you don't do it, don't send it over there, we don't know what we would do with these cubans because they are violent. we will have to bring them back here and they're going to cause a lot of problems. not only are you going to look like your soft on communism, but these people are very, very dangerous people. those were the kind of arguments they were using at the time. >> that's an eye-opener, isn't it? want to talk about your father and one of the themes that runs through your book, one of the values is that the servers, starting with your grandfather and on through the family. i was watching the other night netflix documentary bobby kennedy for president. [applause] and one of the stories i was not aware of was his trip to mississippi. marian wright edelman challenge him

travis allen has 14%. former l.a. mayor antonio villaraigosa has 10% of the vote. anton antonio villaraigosa has been calling to extend the deadline from 8:00 to 10:00. >> abc 7 news reporter carolyn tyler is covering the race at gavin newsom's watch party in san francisco. >> reporter: so what would an election night be without a snafu? and as you mentioned there is a big one in los angeles county. that democratic candidate antonio villaraigosa feels could hamper his bid. we'll tell you more about that in just a moment. but, yes, i'm here at gavin newsom's watch party at a party and they are indeed ready to party. >> things i indeed looking favorable. >> reporter: that was gavin newsom sounding modest this morning as he cast his vote in large spur. it's clear he will be one of the two candidates facing off in the fall. he wants his rival to be republican multi-millionaire john cox. cox, a relative unknown, received a big boost when donald trump decided to endorse him. in fact, this morning the president tweeted, high tax, high crime california, be sure to get out

allen and i are back in just 30 minutes. ♪ ♪ captioning sponsored by cbs >> glor: we are in singapore the historic summit between president trump and kim jong-un. will it pave the way for ridding the korean peninsula of nuclear weapons? we'll have extensive coverage, including the insights of a north korean defector. but first, the headlines in 60 seconds. this is a mission of peace. >> how long will it take to figure out whether they are serious? i said maybe in the first minute. >> kim jong-un out and about visiting sands casino resort. >> this was like the tour of >> this was like the tour of some kind of rock star. >> adding to the circus atmosphere... >> dennis rodman here in singapore. >> now he wants credit for the summit. >> i just happeno

travis allen, john cox.se he always gets the lowest price on our rooms, guaranteed, when he books direct at choicehotels.com. or just say badda book, badda boom. book now at choicehotels.com. stuart: i went to get to the primaries and company, democrats, a lot of attention in orange county trying to flip congressional seats on held by democrats. henry von is in orange county with one of those democrat candidates. >> reporter: california is make or break for democrats. i'm here with harley who is trying to take on dana rohrbacher the incumbent in district 48. california does harimary system. how difficult is iing a mocrat running in the jungle primary? >> is crazy, 16 people on the ballot, a democrat, since republicans, when independent, free-for-all. >> reporter: are you worried about a lockout, not getting on the ballot in november? >> it is a bit of a concern but we ran a great campaign. i'm confident we will be one of the two folks who advance. stuart: i talked with rohrbacher, he says voters should be co

let's get you to first word news, paul allen.aul: china's central bank has confirmed [indiscernible] $108 billion in liquidity. the amount of cash some lenders must hold will drop by half a percentage point from july 5. the aim is to support small and micro enterprises and promote the debt to equity swap program. this calls the move it fine tuning. -- a fine tuning. the trade battle between the u.s. and the rest of the world raises the risk of slowing a vibrant american economy. president trump's threats of tariffs on chinese goods and the levy on e.u. car shipments would cut gdp growth this year. the e.u. said it is ready to retaliate to u.s. threats on the 20% to you plan -- to european cars. they say the block is not treating the u.s. unfairly. the dispute between washington and others set to escalate with strength replacing rules for the basis of trade. e.u. officials are in china for high-level trade talks. got whatbia and russia they wanted out of the opec meeting to increase reduction. the saudi energy minister promised to

i am paul allen. this is bloomberg.etting some of these lines coming through when it comes to the philippines. numbers, a decline of 8.5%, expecting a decline of 3.2%. april trade deficit at $3.6 billion, imports rising 22.2% on year, april exports at $5.1 billion, imports at $8.7 billion. and mixed bag, but it will not add to any positivity in the mood given that miss on japanese gdp. rishaad: a huge mess as well. anyway, that is what we have. just to get you to president trump and g7 counterparts raising the temperature ahead of the summit in quÉbec. thatdent macron tweets u.s. might be isolated and the remaining six could sign a deal between them. president trump tweeted that canada has charged the u.s. enormous terrace and it is set to be the most acrimonious in years. china has reiterated its willingness to ramp up imports as the clock ticks down to tariffs. tom mackenzie is in beijing. what is the government's message here? is one we have chinabefore, which is remains prepared to increase its imports of products f

i am paul allen. this is bloomberg.loomberg sources telling us president trump has approved tariffs on $50 billion worth of chinese goods. the refined a list of targets will hone in on the technology industry. analyst joins us now. >> we are moving to the next stage. the u.s. determined to go ahead with tariffs. we don't have the specific list. that is expected friday. it might be on the high-value added end, court to china's future industry. i think we should expect a sharp rebuke from china. haidi: and also we have heard the threat from china, or the warning, that not only could there be retaliation, but it makes all the other negotiations invalid. >> absolutely right. china has been consistent that they are willing to make concessions, but said if you go ahead with tariffs, not only will they take concessions off to table, but retaliate. if the u.s. does target the tech sector, that goes to the core of china's future industrial strategy and i would expect china to respond severely. they spoke on caps on agricultural

how significant is that allen. it's earth shattering here in this country for a number of reasons here in the u.s. were celebrating pride month for l g b t and the vigils and basically candy was the one that sort of led the way of making sure those rights were in the constitution he's also sort of held the line on abortion and also that light on discrimination so this president is now given the power to change our basically democracy for the next twenty years or more by appointing another judge so we can only hope and pray that he does what we believe he will do is appoint someone who is like a kennedy someone who will sit in the middle. what do you have any. indicators to make you think that the u.s. president will do that because you know we have to just think of the first nomination you know. who are sick and certainly is not considered a conservative who may you know now and then vote along the liberal lines. no it's not very clear that that will happen and it's highly unlikely just to show you the games that a

i really appreciate commissioner allen low and chinese historical society and chinese for affirmative action opening up the discussion at this point in history. i am eric mar. i am a former supervisor from the richmond. when my daughter what's graduating from high school in two weeks, i would take her to julius kahn after it was renovated around 2003, 2004. it was a a beautiful place, but it also needs an appropriate mam where communities come to decide -- name where communities come to decide a name that promotes inclusion. i think the 38 organizations that support this effort are really on the right track of looking at history and who represents our values to have parks and memorials named after them as well. i teach at san francisco state, and a lot of what i teach is about laws and policies locally that supported white supremeacy, and i think julius kahn, as we've learned, exoticized us, he racial eyesed entire groups. he demonized fears, and i think blaming the victim approach is something also that he threw in very similar to what's going on today. this is very important. please

i'm paul allen.k you. now want to our top story, the historic summit between trump and kim jong-un. it is paul, thank you. now want to our top unprecedento sitting american presidentever . our correspondent is on location. set the scene for us. what can we expect today? >> is this the calm before the storm? that has been an absolutely beautiful day down at the beach, and on the mountain behind me, the capello hotel is where the summit will be held where the leaders will meet face-to-face and after that it is anyone's guess what is going to happen. when kim jong-un that moon jae-in a couple months ago, he called it a warm spring. and they were all hugging. they met again and were quite chummy. what is going to be the dynamic between kim jong-un and donald trump? we simply don't know. we are getting a few headlines from other media, particularly south korea. kbs is reporting that the north koreans are demanding that the united states set up a liaison perhapsn north korea. it is a request or demand but

allen: thank you, mr. speaker. first, i'd like to thank chairwoman granger for her leadership and hard work on this critical legislation. voting for the annual department of defense appropriations act is one of the most important votes i take each year, and the great bipartisan work that the chairwoman and the ranking member have done to ensure that our military is fully funded is truly commendable. i rise today to talk about the allen-raskin amendment to h.r. 6157. this bipartisan amendment allocates $10 million to the fense p.o.w.-missing persons office to assist in identifying laimed remains missing since the korean conflict. as of today, there are almost 7,700 total personnel missing and unaccounted for since the korean conflict. one of those still unaccounted for is private first class ivan roberts, a proud native of georgia's 12th congressional district. november 5, 1951private first class roberts and three other men went missing during an attack to secure a korean hill complex. although i never had the oppor

i am paul allen. is bloomberg. ♪ china and the eu have teamed up to oppose trade protectionism in an apparent tribute to the u.s.. both sides say that the .nilateral action is pushing the world into recession stephen engle, our chief asia correspondent was here with the very latest. steve: you know, the biggest issue here is where seeing that stock market here in shanghai falling off as nurse started ratcheting up. you have the mixed signals coming up from washington, those in the leadership in beijing scratching their head -- how are we going to defuse this? you have some officials in washington saying, we are not just targeting china, and others rain, we need to target china due to the intellectual property rights. that deficits, this latest action could come as soon as friday and it would cut be on national security grounds. there are a lot of issues which keep in mind, there are no formal talks or negotiations scheduled. it is all being aired outlets like here, on the media, right? the beijing lea

i am paul allen.his is bloomberg. still ahead, whether the national team will fend off a bear market in shanghai. j.p. morgan joins us later. , how fednext tightening is impacting policy decisions across asia and how it is getting tougher as this trade war looms. this is bloomberg. ♪ this is bloomberg. ♪ haidi: we are back. rishaad: the fed and ecb exit stimulus mode. developeders warning nations are not equipped for another recession. areells us interest rates likely to return to historically normal levels before the next slump. that means central banks will not be able to address another recession. >> we are living with a brutal economy. downturns happen. the odds of moving into a downturn are 20% each year, and when they happened, the playbook is to cut interest rates by 500 basis points. there will not be that room going forward. financendonesia's minister told us global monetary tightening is the new normal that emerging markets need to adapt to. hawkishnessral-bank and trade tensions arereating

the secretary of state of scotland is aware of the issue and we'll see what can be done. >> heidi allen. >> thank you mr. speaker. i got an e-mail, and station 640 just was canceled. five people waited on the platform for over an hour. one train is broken down, another train arrived without room for everyone. we need to micromanage them back to performance. >> i recognize the concern she's expressed. the performance provided for passengers is passing unsellable, and we have within -- unacceptable. they're working to provide a new timetable providing more capacity on the services, but not the same timetable as originally introduced in may. the department for transport will continue to work to ensure the company is providing the performance that passengers rightly expect and deserve. >> vincent caldwell. >> thousands of people gathered in parliament square outside protesting the brexit deal. i didn't see many conservatives in the crowd, and the leader of the opposition was in the middle east avoiding the many labor supporters. but since the prime minister has such confidence -- since the

i am paul allen.. ♪ yvonne: the trump administration u.s.ed its assets to suppliers and officials are said to be putting finishing touches to a deal that could soft and sanctions and allow it to resume work . we now have judicial neither joining us from taipei. jody, what kind of deal army looking at here\ according to people familiar, and it is not yet a deal, they are looking at putting this together. >> there is nothing signed, and they could still fall apart. we have seen a lot of back and forth with zte in the recent weeks.and this deal if it came to fruition, would allow zte to resume purchases from american suppliers. in april, you may recall that the trump administration blocked zte from doing any business with the u.s.. so this would be a big reversal. and it is controversial. this tweethave coming through from senate minority leader chuck schumer on twitter saying -- if these reports are true, trump put china, and not the u.s. first. getting them off the hook. can congress do now, to try to

the co-founder of axios, mike allen. happy friday to you. >> talk to us about axios' one big thing. >> axios' one instagram big thing. one big thing, trump's i mean it moment on china. president trump who is expected to announce tariffs on china. this is putting into effect what he threatened before and this is right after the u.s.' asking china for help with north korea. but if you look at what trump has said over months, years, even decades for 30 years. the one thing that trump has been consistent about is that he thinks the u.s. is being ripped off and he thinks the u.s. should fight back and today is the start of that. stirring the pot, taking a trade spat, moving it toward a trade war. but our sources say the president has no hesitation about disrupting the global economy to do something that he's always said he would. >> why do you think it has no consequence on him that it may disrupt the global economy? obviously if he goes through with these tariffs as some media reports are reporting. we get it it's going to b

the second person is doing that is paul allen. paul allen is the co-founder of microsoft.llen decided to go totally in. he is building the largest airplane in the world, basic wave to, 747s that are joined together in the middle and it's designed for carrier rocket up to 50000 feet and then launch it his goal is to make going into space about the same convenience as giving on an airliner. you would recall up and sad like to go up on thursday 2:00. he wouldn't have to go through training and you wouldn't go to houston. again that's an airspace example. the other example is elon musk was a south african who is an american who invented tesla and all sorts of things. one of his projects is called spacex. he says openly and publicly his goal was to colonize mars. which again is buried different from a massive model. he is talking about lots of people like us showing up one morning as pioneers. he figured out early on the biggest single problem was caused in the biggest problem of cost was simple. he used rockets once. imagine if every time you took off in an airplane it was the

nbc's ron allen has the story of a school in philadelphia working hard to change the face of teachingter: in a troubled philadelphia neighborhood, mr. douglas teaches seventh grade at bethune elementary school. so does mr. graham. that's mr. boyd and his fourth graders. >> we are the future. >> reporter: in fact, bethune has 13 african-american male educators, about 30% of the staff. across the country, just 2% of teachers are black men. it's the result of a conscious effort to recruit black men to a school where 80% of the students are african-american. >> i have a lot of children where they have mom at home, but they don't have dad. it gives them the hope, and it helps them understand that there is opportunity for children that look like them. >> you're great. >> i'm great. >> you're great. >> reporter: herman douglas greets each student with a positive message to counter the negativity in the streets on the way to school. douglas also grew up in a neighborhood plagued by drugs and violence. and sees teaching as aave many students as myids. they are kings and queens. and i will do e

i'm paul allen. this is bloomberg.e federal reserve has signaled it is ready to raise interest rates next week but sent no clear message on how many hikes we can expect this year. the federal reserve was asked to slow its tapering pace to overcome market turmoil. haslinda. quite a special guest in your view right now. >> that's right. we're talking with raghuram rajan. he said the fed is not likely to step up until it is close to normal. let's get perspective now from him here in the lion city. good morning. when you talk about the fed unlikely to step up, are you looking at two, three more rate hikes this year? raghuram: i think probably three. i think the next one, june seems to be baked in. unless something untoward happens in the global economy or the u.s. economy, in the u.s. there is more sign that something bad is going to happen, that we will have a couple more rate hikes after which the fed will look around and see are we getting close? three is approximately where it could stop. maybe one more next year and t

i am paul allen. this is bloomberg.ishaad: having a look at hang seng futures, the premarket underway. let's have a look at what we have there. lurch lower 1%, the for equities and adding to losses this week. the ftse china index lower. the yuan pretty much flat, looking forward to the yuan fix out in the next 10 minutes or there about. we are counting you down to the start of the trading day. the shanghai composite hitting a two-year low thursday. we saw the yuan falling for a sixth straight session. what kind of impact would easing of the triple r deliver to the markets? >> may be not enough? it seems people are getting impatient for the pboc to do something. there were rumors yesterday there would be a big triple r cut, and a broad one at that. we have not seen anything so far. that is why the markets are so soft this morning. pboc may have to consider an , whichinterest rate cut would affect more parts of the economy, so a possibility, but so far keeping quiet. people will be watching the toity fixing this morning s

allen, here are the 10 countries with the largest muslim populations. a, india, pakistan. nigeria, egypt. moracco. why would he not target the largest muslim countries in the world? >> i am not sure. he did target muslim countries. >> laura: if it's based on religion, you would want to hit those the most? >> an ash rational person would. bom00 might have had those concerns. >> the difference between the obama administration and this administration is the timing of the actual ban. what you saw from the court was constant changing. you are at the third version of the travel ban that started with a complete class of people. just because you discriminate against one person doesn't mean you are not discriminating against the whole group. we should be careful in saying that. >> laura: you are from india. this is an issue you are speaking?-- this is an issue near and dear to your heart. you studied this issue. i don't think the travel ban roleout. -- roll out. it was not the quietest moment. pr and communication wise, the way it was drafted. i would have done it differently. the

the second person who is doing this is paul allen. paul allen was the coast founder of microsoft. worth about $46 billion. allen decided to go a totally different route. he is building a -- he largest airplane in the world, basically two 747s that are joined together at the middle, and it's designed to carry a rocket up to about 50,000 feet, and then launch it. and his goal is to make going into space the same convenience as getting on a domestic airliner. literally would call ahead and say i'd like to go up thursday at:00, and you just do it and wouldn't have to go through training and wouldn't good down to houston and so, again, that's a near space example. the third examplesn musk, who is a south african who has become an american who invented tesla. one of his projects is called spacex. spacex -- he says openly, publicly, his goal is to colonize mars. which is very different from the nasa model the nasa model is to halve a handful of astronauts who are trained go visit mars for a little bit. he is talking but a lot of people like us, just showing up one morning as pioneers. so

ron allen, nbc news, chicago. >> we wish them all the best. >>of many across the country. a random act of kindness that left passengers on board a recent alaska airlines flight feeling a little bit better about the world. tim cook was flying alone from portland to loss los last week when flight attendants realized he might need help. he is blind and deaf. so the flight attendants asked if anyone on board knew american sign language. that's when 15-year-old clara daly volunteered. turns out she was learning it for a past year and kneeled next to cook signing into his hand so he could feel it and understand her words. >> i thought maybe some day i would run into someone that would need my help in a small variation, but not to this exte extent. >> reporter: for cook, the contact was a comfort. >> i was very moved. happy for you to come talk with me. maybe it was meant to be. who knows? >> reporter: a fellow passenger posted photos of the two on facebook. it's now been shared over 500,000 time one noting, this story is so needed right now. another writing, such a great reminde

let's bring back kevin surly and jonathan allen. there's also reporting coming out that there's newly alleged conduct that the investigations into scott pruitt through the inspector general, it's been requested to expand even further. there's over a dozen investigations so far right now. what do you know about this newly alleged conduct? >> well, first and foremost, the president in that marathon white house press conference in the north lawn telling us reporters that he doesn't like all of the noise but does like the policies that his epa director scott pruitt are fighting for. to answer your question directly, i'm not sure these new reports will put him in any significant risk. ever seen yor source that i've talked to regarding scott pruitt maintains that scott pruitt's relationship with some very influential people in the energy sector are still very much behind him and that those folks have the president's ear. until he's not in lock step with some of these dominant forces in the energy industry, i don't see this hurting him. wh

in the meantime, here is paul allen with first word news. 's toppresident trump economic advisor has suffered a mild heart attack. the president tweeted that larry kubo is in walter reed and the white house says he is doin well. goodloe has been a longtime confidante of the president and accompanied him to the g7 in quÉbec. that acrimonious ting ended wi larry kudlow backing up the president irritation with some of america's traditional allies. imf managing directors says threats to the global economy are rising amid signs of a trade war. she says clouds are getting darker each day,ticularly following the acrimonious g7, where president trump turned on his allies in accused justin trudeau of being dishonest and k. the president also threatened to stop trading with the other six nations. mercedes-benz aren't daimler has been authorized to recall more than three quarters of a million vehicles in europe after meetings with regulators failed to allay concerns about diesel emissions. were cities will upgrade -- mercedes will grade engine software

i am paul allen. this is bloomberg.ishaad: still ahead, the countdown to a potential trade war, more on china's latest moves. that is next. haidi: plus, easing hong kong housing prices, whether a new vacancy tax is the right way forward. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. just a week out from the july 6 deadline for trumps tariffs on chinese goods as trade tensions are seeing deepening and an economic slowdown taking place on the mainland. a white paper made the case for multilateral trade and detailing ,ts commitments to the wto saying china has lived up to its responsibility by opening its markets to the world and delivering on tariff reductions. joining us now is the managing director at rock creek global advisors and the former u.s. negotiator for the tpp and the trade representative for southeast asia. does china have a point? the accusations or the beef the trump administration has historic or current issues? >> they are current issues. theseo sides have had is

from the wine country and culture in everett to the beaches of home for charlie allen tasia region of portugal offers a relaxing getaway at any time of the year. and with that we wrap up the show don't forget to friend us on facebook for more on the program as always thanks for tuning in we'll see you again soon. the. child pornography the global crime. pedophilia networks exploit the internet. perpetrators are aware they could be investigated and many understand they need help. with a company someone who sought out therapy. dark desires the battle against child pornography. close up insisting. the fast pace of life in the digital home shift has the lowdown on the web showing new developments and providing useful information though which is fine and interviews with the makers and users. should in forty five minutes on the roof. as the last advance we shall some face music. be introduced. spending time the filter bubble. how can you get out. with you oh a series. of shifts this week on g.w. . moderate and higher going to hurt and further going to have dirtier and dirtier. the high glos

>> reporter: that's right, allen. with only 144 votes mark leno is still in the lead, but yesterday he was 255 votes ahead of london breed. between yesterday and today 20,000 ballots have been produced. we talked to the director of elections who reminded us every ballot is four sheets. that's why it's taking a little longer to process and we don't have the final numbers just yet. today at department of elections we saw a number of people acting as election observers. this may be due to the fact that the mayor's race is so close every vote counts. >> we're just following our process. we just have a lot more visitors than usual today than in past elections. >> reporter: there's been a spike in ballots on election day and coming in the mail very late in the game. >> this mayor's race is tighter than a speedo. >> reporter: we talked to political strategist nate bower about who benefits from these late ballots. >> the conventional wisdom says late voting helps the progressive candidates because progressives in san francisc

allen, and thank you, again, to are your service. give him another round of applause. [applause] that concludes our commendations for today. congratulations to all the honorees. we truly appreciate what you continue to do so make san francisco an amazing place for each and every one of us. with that, we'll rnr agenda. madam clerk, let's go to committee reports. >> clerk: item 22 considered by land use and transportation committee at a regularting on june 4, 2018. and forde

conveniently, trippe‘s best friend was the boss at boeing, bill allen. they were close friends. on these fishing trips, two old friends saying, "all right, you build it, ru buy it". "i'll buy it if you build it". 2.5 times larger than anything that was built or flown before. it was a huge aeroplane. boeing set about turning that vision into an aircraft. this plane was so big that boeing bet the company. here in the united states, we call them the ‘greatest generation'. they came through the depression, they lived that hard life, they fought the war, they had been tested. they believed that they could do anything. pan am's juan trippe insisted there be two decks. people would come to him and say, "we can't add a second level to this aeroplane". and he had this expression, "well, don't you see..." and he'd start in, "well, don't you see, if we did this...?" and he would wear people down. and he got what he wanted — revolution, not evolution. the giant was born. huge. it was breathtaking. we stepped into the plant and in front of us was this monstrous 747. i can't repeat what every

>> reporter: allen, officials have not yet identified this woman. we are waiting more details surrounding this death. tonight the san francisco police department is investigating the death of a patient. at zuckerberg's san francisco general hospital, it appears the woman was on an involuntary 72-hour hold in this psychiatric ward. according to the san francisco chronicle. at this time the city medical examiner's office has not released information on how she died. this case follows the death of 75-year-old ruby andersen last week. she was found in the stairwell of the power plant building on the hospital grounds. the family reported that andersen was suffering from dementia, and missing for days from a mental health facility on the property. the hospital says it is unclear how she got inside the power plant, which is suppose to be a secured building. back in 2013, lynn spalding, a patient, went missing from the main hospital. her body was found about two weeks later in an outdoor stairwell. her family sued and won a $3 million settlement from the ci

has 14%, and john chiang is pulling at 7%. -- travis allen has 12 >> i know gavin newsom is probably measuring the oval offi drapes, but my messages he's not going to have to worry about the -- about that, californians will go in a different direction. >> i think that antonio villaraigosa woody -- would a mutougher candidate for gavin newsom.>> reporter: spending some time in california, they are all saying don't count them out just yet, because it could be like 2016, the polls are not always reliable. >> all about the turnout, paul, thank you.>>> casting ballots in many places, because of early voting, by mail, including san francisco, one of the candidates, jane kim, cast her ballot today, at the going by mail and receive their ballots a month ago. >>> we will have coverage on ktvu plus at 7 pm, and mpte coverage right here on ktvu fox 2 news at 10:00 11:00.>>> -- 10:00 and 11:00. >>> bill scott, was thought to get the job for the finalists for the position of the la police chief, a high-ranking member of la police, before becoming the police chief of the san francisco police depar

allen, and thank you, again, to are your service. give him another round of applause. [applause] that concludes our commendations for today. congratulations to all the honorees. we truly appreciate what you continue to do so make san francisco an amazing place for each and every one of us. with that, we'll return to our agenda. madam clerk, let's go to committee reports. >> clerk: item 22 considered by land use and transportation committee at a regular meeting on june 4, 2018. and forwarded as a committee report. item 22, resolution authorizing the authorization center at 1950 mission street and 20 12th street through december 31, 2021. >> supervisor breed: okay. we have a different house. madam clerk, on item 22, please call the roll. [roll call] >> clerk: there are 10 ayes. >> supervisor breed: the resolution is adopted man newsly. supervisor peskin. >> supervisor peskin: i would like to make a motion to rescind the item on 19. >> supervisor breed: seconded by fewer. can we take that without objection. approved. >> supervisor peskin: i would like to change that verba