if all goes according to plan before the year's out, it will carryna asts to space. it would mark a major milestone. the u.s. lost the ability to launch astronauts from u.s. soil when the space shuttle program ended seven yearsago. >> liftoff s of theay yuz racket. >> reporter: instead we have been relying on the russians to do it for us. president trump has talked about goinnd to the moon mars. >> it marks an important step in returning american astronauts to the moon. >> reporter: but the new space race really starts here. wi nasa's commercial crew program. >> every other nasa human space site program has been cost-plus and the responsibility of the contractor was to deliver the trsportation platform to nasa for their use. on commercial crew it's more of al renta car model where we retain the asset and they take it for their use in that particular mission. >> reporter: john hareliner would know since he used to work on the shuttle. star liner is one of two spacecraft, the other is spacex's dragon capsule being built. all g is producing three, of which will be leavi

every bit astting much, and we have a long way to go on regulation. companies to all buy american. i am takinghat today follows a nine-month investigation by the department ,f commerce, secretary ross documenting a growing crisis in our steel and aluminum production that threatens the security of our nation, and also is bad for us economically and jobs. the american steel aluminum industry has been ravaged by aggressive foreign trade practices. it is an assault on our country. they know better than anybody. other countries have added production capacity that far exceeds the demand. this has left the world with subsidized and are by foreign governments, creating jobs for their country. i have been talking about this for a long time. it takes china about one month to produce as much steel as they produce in the united states in an entire year. because we have close down so much capacity. plants are closed all over the united states and some plants i see massive plants from 40 years ago and they are working now in a little corner of the building. we will get those buildings open and a

prime minister making ast making ast making astonishing claims and a russian spay. >> harris: breakingin texas. look at the left of your screen. we just learned of a third package explosion in that area. there's been two already this week. authorities are telling us right now they're not sure, but have not confirmed that there's a connection between the first two and this latest one. at least one elderly woman has been taken to the hospital with pretty serious injuries. the first two explosions which happened earlier this week and i should say last week are believed to be connected. in that, among those that were injured, was a 17-year-old boy that died. so this is the situation that we were already alerted to today and have been following. now a third explosion. this is austin, texas. we will stay on the story and report to you any upcoming details that we learn. fox news alert on this. this has to do with politics now. the big story we're watching play out in pennsylvania and the special election there. only one day left until voters cast their ballots. the latest polling shows yet a

that will be kind of a litmus ast because he represents liberal district that went heavily for clinton and he has a wrong primary a comment -- opponent this year around. it will be a fascinating -- we will know within a day. guest 1: maria newman whose -- has backing and a similar situation we saw in texas where sort of bernie sanders backed candidate was able to make it into a runoff with the more establishment backed democrats. theyre seeing on the -- try to figure out their path forward. is it really this populist bernie sanders message or is it something more of a moderate conor lamb model? byhink it is district district, but at some point there is kind of a reckoning, can the party be -- really bring -- we have seen more conservative democrats lose or retire in years, but we are seeing an upswing of that brand of democratic politics. i know republicans like to say that conor lamb was a unicorn and there are not these moderate democrats, but if you really look, doug jones wo the senate seat in alabaman. obviously that was a specific case -- race against roy moore, but there's a pat

and finally, not a thumbs-up to saudi coalition that we should continue business ast usual. i expect to see improvements as i previously stated and i would reviewew future decisions with respect to potential arms sales and the type of extreme scrutiny. there is no more timeo to waste. we must move towards a political settlement to end the war in yemen and the people of yemen will see improvements in their situation immediately. i look forward to working with all of my colleagues to ensure they are working towards a policy that embraces american leadership in promoting a solution in alleviating the devastating humanitarian suffering in yemen. i look forward to this continuing debate before the senate foreign relations committee. with that, i yield the floor. >> mr. president. >> senator from tennessee. >> i want too thank the senator from new jersey, make that the ranking member of the foreign relations committee for his comment and today we met with the crown prince ofra saudi arabia. very impressive young man who's transforming the country. we talk about the importance of o

lives were desed from ast to coast as the economy tanked.. the american dream is back.re is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe.

the problem is that the advertising business model, aste implemby facebook today, creates inctives tothings that undermine all of the good. and as we're seeing with cambridg cambridgenalytica, fak has made some choice where's essentially-- they were operating under a consent de, kere they were to make sure they had affirmatiwledge and support for any sharing they did of peoe's infmation. and between 2011 and before they sientd consent decree, and 2014, they had many, many applications that harvested data-- appartly in contravention of the consent decree-- including the one that cambridge analytica caused. >> sreenivasan: if you had their ear now, what do you wan them to do? the first thing i want them to do is cooperate with the investigators. let's make sure we knw everything that happened in 2016. then, secondly, i want them to reach out to th6 12 million people on facebook and 20 million people ononstagram, wh are touched by the russian terference and explain expwhapped say, "this is a foreign country. they're interfering in our most basic de and the only way you as citizens, we as

a name that has come up in the ast couple days and gotten a lot of attention. guest: sure. securityos was head of for facebook. he was previously yahoo, oversaw major data breach at yahoo. news broken yesterday that he people at facebook he's leaving the company. twitter and ook to said that is not exactly true, he's moving into a different election ing on security. we'll have to see in the doesning months whether he stay on at the company or the "new york times" reporting was accurate on that. a democrat, good morning. caller: good morning. two things. of all, my lack of interest of all things computers amazing. second of all, i was taught passing e i got caught a note in school that never write down what you don't want whole world to read. amazed at the fact that even what i don't want people to down in a diary on the computer can be known to one.body, number my second question is about last election.he i read an article that i didn't saying that they were looking at package of being sent from theia to the bank server in trump tower that was, you know, being sent to compu

ast: down the road, is this concern about the north korea and south korea? more -- think tried is i think china is more concerned -- if they are less inclined to cause trouble in the region, it is better for china. but we are a long way from that. the germanears past reintegration. given how hard that was for germany. host: the other issue that has come up is whether or not we would move troops from the denuclearize stone. i think -- guest: the weapons that they have had over the past 15 years, giving up nuclear weapons, you are more full herbal a regime change. that gives their leaders very concerned that someone may try to topple this regime. host: our guest is mieke eoyang. you work for which members and senators? guest: i worked with senator kennedy and i served on the house committee staff. host: john is joining us from new jersey. good morning. caller: when you look back over the last few presidents with eight years of bush and obama and clinton -- that is quite a good number of years. quarter of a century where nothing has really been accomplished. as

ast be fine with me, as long it is just them. nobody else and their family. unless they want to bring one person, that is fine. bringing eight and 10 people, i'm not for that. host: let's talk about that. that is a worth it has been used by the president and republicans. what does it mean? guest: a couple of things to bring a p or, the action the president took. president obama did this within his legal authority. knowing that, it was not a long-term solution. president obama recognize that we need congress to act to pass immigration reform. y's businesses are waiting a long time to get the visas -- we has only many friends who haven't been able to have a spouse come because the system just does not work the way it does. chain migration is directed related to that. there are legal immigration quotas are established every year for how many people can be brought in as workers. businesses will typically sponsor them. .r a family member a u.s. citizen can petition for only their immediate family to come here. that is your spouse, your child. and for your citizen,

ast year in >>> remember last year? mission high school became the first san francisco public school to win a state title. could they do it again? >> [ crowd chanting ] >> that was the scene last year in sacramento and it was another magical run in the cards facing foothills in the nortel playoffs. the bears fought back from -15 -- from 15 down. this product within 2 points but they could not get over the hump against the cougars from near reading. thurman knowles, five of seven from downtown. he had 24. foothills wins 43-78 ending the mission hill rain of champions. >> when you lift the bar so much higher, the disappointment is bigger and the celebrations are smaller. i am always saying the next play. what's my nine senior's next play? i hope it's graduating college and coming back to take my job because i'm getting tired. >>> stanford and cal playing in the opening round of the pac-12 tournament in vegas. read travis would not be denied, flips it over and drops two of 19 points. in the 2nd half, somebody forgot about

we're here with alameda high an> parents arein bury their damn and saying theirl ast good boois. >> i'm proud to see how many students are out here, braving the rain, it's gross and wet, but they're out here being involved, being proud of what they believe in, andnk i thi that's something to >> i 17, and i go to high school. today, i decided to speak because i'm the victim of gun violence and i would like to chair myy. st someone who i'm close to threatened my life with gun. and someone i'm also very close to, they survived a mass shting. >> thank you for >> support the student's voice thetanding up for what believe, and affecting positive change in this world. i also know that this is just an unacceptable reality that we live in. somebody, some day, may come to our school and shoot our children while they're in our care. and it's just got to stop. >> due to all the school shootings going on, high scol student s like us are forced practice active shooter drills. silence. the red dot is the safest place in the classhoom. so if a ter would enter, this would be the last ple they look. and

lives were desed from ast to coast as the economy tanked.. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show, i'll give you critical tips you need to know in the massi memo because information is power. and the property man has got you covered. [ woman vocalizing ] buying or selling your home is one of the biggest financial transactions you'll ever make. and it's not cheap. but the internet changed nearly every industry imaginable, including home sales. >> in the olden days, if you wanted to have access to the available properties for sale, that was through the mls. the only people that had access to the mls was licensed agents. >> erin o'connor has been a real-estate agent for 12 years in the

hawking's work in ast stro physics is foundational to his peers. >> and so it is a great loss to science and the community in general that he is now passed away. but will always have his contributions. >> one of hawking's most famous quotations was remember to look up at the stars and not down at your feet. >>> stocks fell on wall street as banks and industrial companies posted sizeable losses. the dow drops all 250 points. nasdaq lost almost 14. and s&p dipped. >>> the ceo is reaping a larger reward. the board of directors has voted to give ceo tim sloan a raise. ma federal sanctions are in place until the bank fixes its problems. >>> a former equifax executive has been indicted on insider trading. being served as the chief information officer for equifax. >> retail giant toys "r" us will sell all 800 of its stores. >> reporter: shoppers at this tay r us in emeryville left with more than what was on their shopping list. deep discounts. >> a bathing suit for her. let's see what else? shoes. >> reporter: offering 50% off as news broke not the only one closing. >> kind of surprised. >> rep

ast: "14 million visitors year could face social media screening by the u.s., and nearly all applicants for visa will be required to submit their usernames." can you talk about that? guest: sound like extreme vetting. it is one factor, a slightly different issue. issue, that privacy these are people coming into the country within the state department's purview. it is a proposed rule, so it has not gone into effect yet. i will expect there will be some significant pushback and there might be some softening of it. we will have to see where it comes out ultimately. i feel like a bunch of people would be concerned about that idea of giving over social media information, passwords and access to that. it is a slightly different issue because we are talking about the federal government and immigrants coming to the country and not citizens. it feeds into this whole issue. host: here is a little bit of push-up -- pushback. millions of visa applicants, another deeply problematic trump administration plan. guests,l here for our it is judith in austin. we understand you used to have facebook. how c

hawking's work in ast stro physics is foundational to his peers. >> and so it is a great loss to sciencemunity in general that he is now passed away. but will always have his contributions. >> one of hawking's most famous quotations was remember to look up at the stars and not down at your feet. >>> stocks fell on wall street as banks and industrial companies posted sizeable losses. the dow drops all 250 points. nasdaq lost almost 14. and s&p dipped. >>> the ceo is reaping a larger reward. the board of directors has voted to give ceo tim sloan a raise. ma federal sanctions are in place until the bank fixes its problems. >>> a former equifax executive has been indicted on insider trading. being served as the chief information officer for equifax. >> retail giant toys "r" us sell all 800 of its stores. >> reporter: shoppers at this tay r us in emeryville left with more than what was on their shopping list. deep discounts. >> a bathing suit for her. let's see what else? shoes. >> reporter: offering 50% off as news broke not the only one closing. >> kind of surprised. >> reporter: the retail

who once jacked up the price of a life- saving drug. te was sentenced today for d asting wealthy investors of millions. udna werner has this. >> reporter: in court, martin nkreli cried as he told the judge, "i'm not the same person i was. i know right from wrong." and he apologized to the hedge fund investors he was convicted of defrauding, but the judge gave him seven years in prison. skhreli made no apologies when he raised the price of a critical drug, daraprim, 5,000% shom $13.50 to $750 per pill, saying in 2015: >> i could have raised it higher, and made more profits for our shareholders, which is r: primary duty. >> reporter: the public fisagreed, reacting with shock, and putting the entire world of drug pricing under a microscope. hr. peter bach studies health policy. >> what he basically showed everyone was that drug companies can set their prices where they want and they can raise their esices when they feel like it. >> reporter: other companies soon came under fire, including unleant for its price increases on old drugs, and mylan for hikes in the price of the epipen. >> shkreli

the senate was 96-to to install the sanctions so as an anti-communist who views putin as ast monarch communist i am delighted. >> e. is a lot of things but he's not a communist i will tell you that. >> i like thinking of him as such. i think there is no question that a unified approach by the government about this issue is absolutely appropriate. >> the senate intelligence committee my hope is they will not simply have a report on the attempts to influence the election but they will have a concrete series of recommendations inn the fact they've conducted their investigation in a way that has not been highly partisan or polarized will give them credibility to make those suggestions and i would suspect that it becomes run out of the senate with strong numbers there is no wa way the house isn't gog to adopt the same recommendations, so my hope is that i've had a conversation with a couple of members of the committee who are vaguely implying yes we are going to do that. >> can i just say briefly here on karl's optimism i agree he's been fantastic and i'm discouraged but what i expect the

get started for free at ancestry.com. ast with vicks sinex. my congestion's gone.athe again! i can breathe again! vicks sinex... breathe on. >>> most murder victims know their killers. and so superior detectives look first for connections, the interweaving of that may have led to homicide. >> reporter: wednesday, july 13, 2011. as the sun rises over coronado, adam shacknai walks into a scene of horror at the spreckels mansion. >> adam was the one who came out of the guesthouse sometime after 6:30. and he saw rebecca's body hanging from the balcony. he called 911. >> what's your emergency? >> yeah, uh, i got a girl, hung hers it's on boulevard across from the hotelme and got the kid yesterday. >> okay, sir, is she still alive? >> i donw. >> sir, are you there? no! >> reporter: adam is able to cut rebecca's body down and he desperately tries to resuscitate her. >> is she beyond hel >> i'm compressing her chest >> okay, hold on. listen to me. help is coming right now, okay? >> reporter: but by the time help does arrive, it's already too late. rebecca zahau is dead. he

effective aste as the kwk40 on the mark 4 but it thattill pretty good with super charge ammunition but the problem was the panzer drivers they'll present the front of their tank as much as possible with the armor thick. to expose't going their phalanx but there were instances where that happened, when they were closer to the mine fields. especially a company, a lot of the mineere stuck in fields that the americans had put there and lieutenant minor, inmer artillery guy, calls all kinds of artillery on these tankers, german panzers, and them up pretty good when they were stuck in the minefield but it was close. than we a lot closer wanted it to be but that's how they had to fight. the worst oft even it. there were other guys manning millimeter guns. you might as well spit at a tank. it would be as effective. they could only engage a tank at 400 meters. that's if the tank exposed the flank of its armor so more the guys manning the 37 millimeter anti-tank guns knew missione on a suicide if the german panzers actually got to them. good question. good question. question to your right, leo.

we are talking ast nom cal numbers here. one in a billion chance of getting hit by debris from any spacecraft that is falling from the sky. estimated re-entry, april 1st, give or take nine hours because we don't know when it is going to come down. that's why it's out of control. nine tons. most of it we think is going to burn up. there's a chance all of it burns up. as ivan mentioned, the last space station in 2001 and '79, the sky lab which the u.s. government got fined $400 because the pieces landed in australia and they got fined for littering. this is what we expect. 80 kilometers up, then additional break continues. we are hoping for little pieces here. i put it right over the ocean so you don't panic and think it is coming to you. we have seen this before and it is quite a fire ball, regardless of whether anything hits the ground. i think it will be something to see, especially if it comes in at night. right now, plus or minus nine hours, april 1st. >> again, don't worry about it. >> yes. >> you have me picturing a sch

business, particularly when you're or younger that shows there was a decline for some time and turned astear orhe l two. lisa: we look at those surveys and that information that is coming out but we also look at her merrily what the sba is doing and everything loans and what the portfolio is. are we able to get more companies who are maybe nascent at exporting? how do they look at markets overseas? 96% of the marketplace is outside of the u.s., so we can look at how goods and services are exported. we like primarily through loan portfolios. david: you want to create healthy businesses. lisa: absolutely. david: what is the default rate, is a changing up or down? lisa: it averages at three or 4% and sba operates at a zero subsidy for taxpayers. -- they are use charged from individual loans because with the cover that, so we are a zero subsidy to taxpayers our default rate is three or 4%. david: you basically sustain yourself? lisa: that is the goal. david: is it successful? lisa: yes, it is. david: you also want continuity going on. you are in the cabinet, do we have the balance right? ther

they are warning of ast nomically high tides as well in the coming days. >> those without power shouldxpect to say that way for quite a while. here is more from sandoval. >> reporter: winds, rain as the powerful nor esther go. >> tonight is not the night to check out the storm. stay away from the waves and the water. >> 22 million under a coastal flood warning. officials are sounding the alarm. >> asked to evacuate by your city or town, do so immediately. >> reporter: adding to the danger of a full moon with a high tide, the storm surge could force four feet of water to coastal neighborhoods. >> the next high tide hitting while most of us will be in bed. it could make for a dangerous rescue situation and people stuck in their homes. >> reporter: the slow-moving storm expected to continue over the weekend with some areas expecting five inches of rain. the hurricane force winds gusting up to 70 miles per hour. it caused widespread damage throughout the region as trees and debris come crashing down. the winds, rain and snow reeking havoc on travel. 3,000 flights canceled and amtrak cancel

he is now one of the great american filmmakers with a big ast asterisk.e, the easy answer is to say no. the harder answer is, i don't know, because i would have trouble -- i would be saddened that i would have to say no to someone who did so much for me all those years ago. >> ivan is fine, but he's not a serious guy. >> more recently daniels has achieved the leading man status predicted for him. he was nominated for a gold en globe and he won an emmy for his portrayal of will mcavoy on "the newsroom." >> you're going to tell students that america is so awesome that we're the only ones in the world that have freedom. >> when you read that speech in the pilot, did you think we've got something here? >> i had been waiting for that speech for decades. >> there is absolutely no evidence to support the statement that we're the greatest country in the world. now aaron sorkin of "west wing" fame, he's handing it to me. >> daniels is busy now with a pair of projects on streaming platforms. there's godless on netflix and his latest "the looming tower" on hulu. dan

met him at one of thes premier law schools, where he'sd aste it's a tale oftion as impr.ents, who know that he's a convicted felon, and that less than a decade ago, was an inmate at the federal correctional institution in pekin, illinois. you're a professor at one of the finest law schools in the country. is that something that you thought you would be able to do? >> shon hopwood: ( laughs ) no! it-- it makes me laugh, hearing you say it out loud, because there are days where it doesn't make sense to me, and i've lived it. so i c sense to hardly anyone else. >> kroft: it's easier as a georw professor than it is for me to imagine you as a bank robber. >> shon hopwood: well, that's because the bank robber's long been dead and gone. >> kroft: hopwood was born here 42 years ago, in the small farming community of david city, nebraska, surrounded by cornfields and cattle. he was a bright, cocky, stubborn kid from a solid family, and he hated rules; a good athlete and basketball schsh semester.niversity and partied he drank himself through a two-year hitch in the navy, then retu

you become conditioned to living the safe environment in el paso and the years when i was was sort of asthe peak violence was petering out and for, you know, for your don'ts, i think it is who know, the most violent city in andworld for several years, it was the murder capital of the i think that is salded with so much mythology. we mythologize the board in and, youut see el paso know, movie are part of that, of death and destruction and all of this sort we thinks the way about that area, and you know, livingine everyone there under, you know, like a cloud of which is true and also not true, and that is why it is so surreal. bit ofjust a little .ideo the first movie >> there she is. the beast. >> no. >> thousand troops. >> do you think he felt safe? brian: when you see those vehicles and all, does that experience?f your mr. cantu: i always think about when i think about living in el on interstate 10, and it, you drive right next to border, may, you can look the 10, youspots on can look out the passenger window and see the rio grand and the fence and it on the other side. areknow, the city

of braufrd shows would make their money no one, no one quote me on that because, i but it is a tes, ast majority of shows, that do not do well on broadway. monumental success, the ric proportions, so gamble is you're going to lose, but boy, if you win, like you win, it's a constant pressure, pressure. > you want, it's not as if you .ant to put up flops, >> i don't know how many of you of ever heard of a lot these, raise your hand if you the heard of any of these, diehard theater students in the classroom are super into this you heard some of these, but these are not household names, right? you might have heard of hammerstein, whether you know roadway even before you registered for this class, but olume matters but you also -- you've got to -- you've got to almost with the art on broadway. i think in ways, it's a very cocktail, you need to be a e to justify charging, hundred dollars a ticket, back then it was less. pricey. first going in and buying a cup coffee, that's a lot cheaper and if you're not sufficiently not sufficiently entertained, who cares? you bought a nice cup of coffee wa

ast get an extra day by the pool get to spend more time together get more from your spring break getaway with exclusive hilton offers. book yours, only at hilton.com mikboth served in the navy.s, i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today. want us to do about what woulthis president?fathers i'm tom steyer, and when those patriots wrote the constitution here in philadelphia, they created the commander in chief to protect us from enemy attack the justice department just indicted 13 russians for an electronic attack on america. so what did this president do? nothing. he's failed his most important responsibility - to protect our country. t

ast predict toys are us had u.s. market share of 15%.at will go to amazon, target or walmart. industry,t to the toy toys "r" us is where toys became hits. they allow for innovation. walmart and target, they are mostly licensed products. companies trying something new, toyscould try it out at "r" us. maybe less toy innovation. scarlet: that is ok. everyone is playing on their screens. julie: don't say that. let's look at another company facing bankruptcy as well. i heart media filed for chapter 11 protection which will allow them to keep operating as it tries to reform. this company has $20 billion in debt. let's bring in him a. differentvery businesses, there is a common thread. the debt. private debt from a equity leverage. they have been weighed down light $20 billion in debt taken on as the crisis hit. it was poor timing. almost everyone that we saw has gone under. what investments are they prevented from making? >> primarily investments in their online platform. major competitors, spotify, pandora, serious. they have not been able to

although i used some of his remembrances to talk about moyers, you have to put a big ast risk nest to all of them. johnson once said of reedy he's a knowledgeable guy. i'm sort of making this up a bit if you ask him about the histrir of the weather for 10 minutes that'll tell you what the weather is. seemed like he was insufferable to work with. i think other colleagues found him so as well. >> we haven't used any of this in this program but did you listen to oval office conversations? >> i read the transcripts, they're difficult unless you know who is speaking. if i found a fun one i'd listen to it. most of them have been troon scribed. they're incredibly useful. they give you quite a look, in fact, exactly the transcript of what's being said at all times. lyndon johnson you have to be carefulful. he was a political actor and understood that different contexts and different conversations have to say ifferent things. there was no need to provide anything but unvan niched truth. >> he was also unpleasant to george reid. >> he would torture him. reedy had health issues, struggled with w

tim: it's possibly hyperbole, but we are considering that we are in a rising economy over the .ast seventhere is a tremendous amount of restaurant companies in particular that are in trouble, the main sort of damocles for the pub industry, that we pay for more taxes for pint -- per pint and per meter. -- per meal. the tax for supermarkets is a lot lower end up pushing increasing pressure on pubs as the years go by, and they are closing down. that is the economic picture for pubs in the u k. matt: what can you do to change that? is there someone you can lobby? some campaign you can start? it does not seem necessarily justified that just because you are in a pub, you should pay more than you would if you were buying a beer in a supermarket. the principles of taxation in a democracy is it should be fair, and i agree with your analysis. you should not pay more. in the end, especially as the economy takes a downturn, and a lot more pubs and restaurants start shutting, i think people will be forced to say we should have taxi quality. what can you do? you can lobby government, speak to the pres

last guest who i should note is a sincere democrat not ast fake democrat we brought ton make a point. a democrat. but he said look, every t study, all by liberals, obama people. mackenzie company, consultants all predict like huge percent of all of our blue collar jobs are going away really soon. and yet we are importing people as he noted are 60% without meaningful skills. poor people with no education. doesn't mean they are bad people.e what are they going to do? bsit's crazy. >> some industries where we are not going to be losing jobs, hospitality. agriculture, landscaping. retail, healthcare. this is where actually a lot of these undocumented immigrants are working. and you see what's happening in california where these businesses are just absolutely caught in a vice.ne you got ice on one hand. this california law on the other basically saying not so fast. and they are losing employees and they are losing customers because people just don't want to be around there. >> tucker: most of the jobs you mentioned are designed to serve rich people. this policy itself is designed to make s

hasirst drifted off from the early estimates, but that is something we have seen four out of the l aste years, only to see it rebound. in a lot of estimates for second-quarter growth are at 3.9%. >> a payback to first quarter weakness. you out inuld leave average of about three, substantially stronger it has been since the crisis. a 3% growth rate with an inflation rate that is moving very close to 2% now and is more than likely to go over 2% over the next 10 months is a nominal gdp of over 5%, not an environment at which these shore rates will have much of an impact. joe: i have been hearing about national borrowing into the debt. why does this matter now? hadt: we have never deficits during a growth period. debts are countercyclical. it makes you wonder how big the debt is going to get. in terms of the size of the defecit and the marketability of it long-term, particularly given in certain foreign buyers, they may be disinclined at some point, given current foreign-policy trends. they may be disinclined to buy as many treasuries. we have never tested the market with the size. people

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ast: stocks are mixed heightened volatility has given markets reason to pause. it u.s.stocks are not mixed, sliding down again after their worst days in three years with amazon replacing facebook as the group's biggest loser. is the negative trade sentiment still weighing on equities or are investors starting to see any light at the end of the tunnel? joining us now is the chief , thanks forfficer spending time with us. what do you make of this shakeout, the momentum stocks which had been the sure bet last year just got crushed here. james: we are continuing to see substantial falling technology shares and that is having an impact on the broader market. we are seeing the vix in territory we did not see it, almost through the whole of 2017. during 2017ome calm we are seeing escalated volatility in 2018. that is going to unnerve investors not just in the technology space but also beyond that. the key thing is what the applications are for companies. does this mean companies are finding it more difficult to trade and the simple answer outside the technology space is no. co

broad-based ast it was maybe a you are so ago. rising rates in the u.s.ct countries that that arearge externals sensitive to the rise in u.s. rates. turkey comes to mind. and south africa. there are plenty of other countries in latin america, brazil and the code that continue to do well. ish rising inflation that generally a positive in terms of trade numbers. they are a benefit for emerging markets. in many countries we're seeing inflation come down while it is starting to rise here in the developed world. david: where are you on this? >> we like brazil and next. we like china. the macro tailwinds have been strong. tois not the only reason like emerging markets. if you look at where investors are positioned, it's quite surprising this far into the outperformance. >> aren't some more dependent on exports? therefore more sensitive to trade issues. >> some of them but the trade growth nearly 25% trade last year. trade is clearly important but there is a lot more going on. brazil is going have the biggest of any country in the world this year. the most degra

ast: what do you do as far your investment strategy is concerned, do you wait until you , actuald policyegislation like we saw with the tax reform before you make changes to your investments or did the uncertainty stop you from doing your daily work? pick out the to single policy strand is extremely difficult for the reasons we have touched on. even if you knew what the policy thed be figuring out what portfolio implications would be is also tough. the way we look at it is in terms of assessing the overall risk environment for investors. when we look at things, we look at the impact on growth and where we are in terms of growth acceleration and deceleration. an important component is sentiment. we find ourselves in the situation where the concerns about trade are depressing sentiment. that is a good thing in a sense. that normally creates a degree of opportunity. in terms of the path of growth, that it -- is where it becomes complicated. we have been a very pleasant time of growth acceleration and we are probably coming to the end of that. wrapping it up, what we are saying to investors

see ast few hours, you pretty big move. chinese are going to use the currency as part of this process? i could bring the chart up and you can see this turn that we are seeing in the markets. mark: certainly a lot of people that that is one way there might be a peaceful resolution between the countries. if china lets the yuan appreciate quite a bit, especially with the fact that on manipulation comes up in july. there could be some grand bargain between the u.s. and china so they have a few tariffs, when at home, and that eases trade imbalance. that is definitely one theory. it does seem at the moment, they are firing shots. a china has been measured, but the u.s. is making clear they aren't going to back down until he get victories. i'm not sure a currency move to be enough of a victory for trump to bring back to his support base. i wouldn't count on that being the base case scenario for this to play out. overall in the weeks ahead, we will have more news evolution of this. we will get some good headlines, negative headline

out ast know how much it if they are democrats or republicans. the republican party was giving up on its commitments of protecting the rights of southern blacks. even justice brown who writes the opinion was fine with racial segregation. ted: the late third circuit african-american judge and an race innd scholar on the colonial era, i remember him saying that if you looked at dissenter, the harlan, was the only one who did not go to one of the top law and yell,he harvard etc.. all these other justices on that these bestto some of schools. where comes from kentucky he was educated in kentucky not at an ivy league school but he was the one who dissented from the separate but equal ruling. was thebion tourgee lead counsel. we will return to west new york that has a collection of albion 's papers including some on plessy v. ferguson. >> this is the actual document he held in red at the supreme court, it is 45 pages long. we do not know that he got through it all because they stopped and asked questions. this is a pretty lengthy thing and so we are no

which is blacks had been serving in the navy, i don't know starting win, but they were an of the navy ast the civil war started, and the black role in the navy was used as an argument as to why black should be allowed to become soldiers. they do become soldiers during the war, but it is not surprising in the way that the percentages were lower in the army than in the navy, because in the way the navy started a step ahead of the army at the outset of the civil war, but after the war, i don't know the answer as to why the navy becomes sort of a lily white institution by the time of theodore roosevelt. actually i can address that. there was a quote of before the war. it was 4%. no commissioned officers of navy in the color. there were people like robert smalls and others who were taken in. so i don't think the percentage was exactly right on that. fromrms of the army itself they accepted the figures, a lot of them stayed in the army. plus, you have the merchant marine, which even more than the navy was integrated, and there were officers of color in terms threeation to that too, separate gro

we wrote letters urging action and the administration in the ast also settled for talk. anti-dumping and countervailing duty. we went to geneva years ago to save them and they were saved by they're not enough. so the main victim has been the u.s. our companies, our workers, and there's been an impact potentially, at least on national security. so i want to press you, what, in view of these clear facts, including inaction by so many of our colleagues on the republican side, what's the strategy? what's the main objective? is it the tariffs or is it the tariffs to force global action? i assume it isn't nafta, as we've discussed, you have to step up to the plate on nafta and they're allowing mexico to use suppressed wage as a weapon to attract ndustry. o briefly, with all of these exceptions, is it a global response that is your aim essentially? >> it is, indeed. the reason that we need to take this kind of action is several. as you may be aware, in the normal course of events, commerce department imposes anti-dumping and countervailing duty actions on a variety of products

but, for american businesses ast use steel and aluminum imports, they will be damaging and raise prices put those producers in the us at a disadvantage relative to their competitors abroad. peter, as you rightly said, there will be winners and losers here. i want to point out a tweet we just saw from president trump in the last hour reiterating his --ition where he talks about we are on the losing side of deals.all trade our friends and enemies have taken advantage of the u.s. for many years. our steel and aluminum industries are dead. sorry, it is time for a change. make america great again. as you mentioned, this will benefit the u.s., the domestic if tariffs come out , willare hearing reported this affect the recovery of these industries in your view? peter: the steel and aluminum producers will be able to raise their prices and they will become more profitable. no doubt about that. paid for byll be american consumers and it will be to the detriment of any american producer who uses steel or aluminum in their production. their costs will rise and there competitiveness against the imp

is it going to be the real one proceeding as opposed to these 301 ast going to be the opposed to thesemay open up markets in certain sectors to buy more u.s. goods and the like, but remember the threat to china and the u.s. and its allies because you are talking about a degraded, deep regional supply chains for electronic goods and other kinds of clothing and footwear and the like, you're not just targeting made in china. you are targeting components and the rest of asia, including u.s. allies. you don't just and of harming china. you end up harming key u.s. allies. that's the balance the trump administration has to face. david: thank you so much for joining us from hong kong. coming up, we are talking more about how the markets might react to a trade war. live from new york, this is bloomberg. ♪ ♪ david: welcome back to "bloomberg daybreak." my colleague alix steel is in houston. there are other things going on in the business world, and some of it has to do with energy, which is why you are down there. alix: really it has been tariffs dominating some of the come a station -- some of

but what i meant by good news is that also in it for the west, you need a stable middle ast, and youeed oil prices at least north of 50. guy: talking inflation, we just had c.p.e. drop, and maybe the wrong kind of inflation, because it's been driven by what happened with the pound. the pound popping around on it. i'm just going to my screen. the number going through at 2.7. previously it was 3.0. it was surveyed to come through at 2.8. it's now come down to 2.7. we do have a bank of england decision coming up in a few days' time. it's going to be interesting to see ultimately whether or not actually the markets price in the bank right in terms of the inflation expectations and whether or not that is likely to lead to an ongoing rate hiking cycle. we'll see. we'll find out later on this week. mark is going to tell us. francine: this is basically, we're looking at the function, we're also looking at traders and how much they feel the d.o.e. can act. do you feel like they can? this is showing at least one of the elite rate hikes this year. can they afford to even hike once? erik: i woul

ast people recognize this is 14th century solution to a 21st-century problem. president campaigned on the wall and equally on the idea that mexico would pay for it. so if you get mexico to pay for it then i suppose that is something you have a better argument for. but it is a bait and switch to say that we need a wall and mexico will pay for it and everybody jumps and yells and screams at a rally and then to say no, the american people have to put up 35 billion dollars to build the wall when we have pressing needs in terms of medicare and social security and security in schools and the opioid crisis. i'm glad democratic negotiators hung tough and were able to uncover the real leads of the american people. sorry we disagree but that is the great thing about america. caller: how are you today? i have done thing to say about guns. the second amendment reads the and forit was written the business of interpretation, it drives me nuts. because it is being taught as it was written. and you have to pass tests to get through school and it hasn't it leavesed and everythi

a heavy, wet snow which could lead to more pounwer outages ast sticks to the power lines and tree limbsstem moves away. our concern will still be into tomorrow, as well. first alert staying in effect until 7:00 a.m. tomorrow. tracking the nor'easter, you see it's a mix of snow coming down or rain depending on where you are. closer to atlantic city, cape may, and dover, it is all rain. some of the heaviest snow, and this has been the case for at least the last hour, hour and a half, has been from wilmington straight through parts of philadelphia, even up to trenton and some of our south jersey suburbs like upper pitts grove, west chester already seeing a good steady amount of snowfall coming down. it's been more spotty here near reading, and also into the poconos. one thing we're watching for you as we go into the next couple of hours, specifically between 10:00 and noon, is you start to see the heavier bands over philadelphia and northeast philly. look at how dark blue it is. that means heavy snow expected to continue to come down across the region. so this is what we're watching for yo

it was a negative contribution from net exports and china still grows very f ast. that is my point.le, steel is consumption. but how can we say exports are not important when it employs a lot of people? xu: for these people, who consider unemployment the ,onsequence of less exports they probably underestimated the flexible the of china's labor market. in the last five years, china has gone through a radical transformation in terms of industrial structure. the manufacturing sector has become less than 40% of gdp. the serving sector is accounting for more than 52%. even without any negative hit from exports, still, china is going through huge transformations, in which labors in jobs are reallocated from manufacturing to services. whether it is low exports or high expoerts,rts, chinese peope will have to adjust their labor skills to find new jobs. and as and when relatively smoothly. -- and it has been going relatively smoothly. they can still -- it is going on. it's inevitable in china at this stage. overall, they came out with a growth target of 6.5%. given the growth structure of th