carol: in terms of the companies that are under the bain empire, in terms of the u.s.has it impacted them to do anything differently in your portfolio? steve: all of the companies have looked at contingency plans in terms of changes to the supply chain. cost of goods most of corporate , america has gotten ahead of this because it's been going on for a couple years. as soon as this started to go on, our companies worked with our folks to develop action plans. if this happens, how do you make it work, economically? carol: they have not switched yet? steve: they are prepared to switch, and many have already diversified in terms of the supply chain. many other countries besides china have been involved in the global supply chain, and companies have the flexibility to shift those volumes. the companies are very quick and nimble in the united states. so they will get through this. i would rather not have the trade war. i would rather not have the tariffs. i would rather have it settled. carol: one thing we've been captured by is the uber ipo. right, and even the lyft ipo, bu

and the team came over, we had office space and they became bain capital.a seamless transition. they have focused on great growth segments in real estate, such as medical offices, college dorm facilities, biotech, which is booming. they're very successful and we're proud to have been part of the bain capital family. carol: i have to ask you about sports or people would yell at me. >> sure. carol: i'm sorry you were done for the season. what did you learn this season? steve: you always learn is hard to have that playoff game and not come back. we had a great coach. the credit goes to milwaukee, who could win the entire nba. the future is bright for us, we will have up to four first round draft picks. the future is bright for our team. this time, the ball didn't bounce our way. i watched the end of the toronto-philadelphia game, a long shot way out as time expired. i had visions to my high school days of that happening to me watching that ball go in, and your season is over. it's terrible. carol: will mr. irving be back with the team? steve: we can't talk abo

good morning representatives are baines. i do have a comment for guy wondering if there are protections in place for those who participate in the electoral college? and those that participate in that and each state by a vote to those who then vote in the electoral college. so that would still remain in place these are the pieces of the overall framework to make sure when we ultimately to decide and that is a combination of things but certainly security is part of that. and then they can register and get to the polls and cast their ballot without running into obstacles and when the votes areta tallied, that represents and accurately reflects the vote that was cast at the polling booth. and then to ensure we will have confidence in our democracy. because we are concerned about attacks coming in from the outside then that puts the democracy on shaky ground that's why it's important to get these measures in place and quickly. >> and for the president to have a national strategy what does that look like in your mind? . >> i think

they are very successful and we are proud to have been part of the bain capital family.utave to ask sports or people would you let me. i am sorry you were done for the season. what did you learn this season question mark steve: you always learned is hard to have that playoff game and not come back. , thed a great coach credit goes to milwaukee who could win the entire nba. us, weure is bright for will have up to four first round round picks -- draft picks. the future is bright for our team. this time the ball did not bounce our way. i watched the end of the toronto-philadelphia game, a longshot as time expired. i have visions to my high school days of that happening to me watching that ball go in, and your season is over, it is terrible. ing be back mr. irv with the team? steve: we cannot talk about that, but adam silver is strict on these issues. carol: that was steve pagliuca, cochairman of bain capital and owner of the boston celtics. this is bloomberg. ♪ carol: welcome back to "best of bloomberg technology." i am carol massar. we spent some time with reebok which is

. >> crews broke ground on paul baines 520-square foot unit. the granny flat is growing in popularity around the bay area. >> i've never been a trendsetter until now. >> we checked with the city of san jose. it took 16 applications to build adus in 2016. a new law has made it easier and less expensive to build the unit. in 2018, the number of applications skyrocketed to 50. they decided to build the one-bedroom unit to keep their daughter and son-in-law close. >> in other places they'd probably be well enough off that they could afford to buy a house. well, they can't here in the valley. >> a recent report ranks the san jose metro as the most expensive area in the country to buy a home. stanley acton is behind the baines unit. >> the keeping the families together piece of it seems to be a big part of this. >> all part of what he says is one area to the bay area's housing crisis. >> what they're doing is providing housing for those that probably wouldn't have an opportunity to live in the bay area. for baines, he and his wife will live in the ma

coming up, we speak to the cochairmen of bain capital, stephen pagliuca.bain capit stephen pagliuca. ♪ carol: welcome back to a special edition of bloomberg technology live from reebok's headquarters in boston. rising trade tensions between the u.s. and china have market watchers on edge. federal reserve bank of new york president john williams explained the downside of raising tariffs earlier on bloomberg tv. tariffs, it isf like a supply shock. one will boost inflation by a few tenths. it will effect demand but also it has negative effects on the value chains and how the economic system works. carol: our next guest is the cochairman of one of the world's leading private investment firms, baincapital and co-owner of the legendary nba team, the celtics. stephen pagliuca joins us now. so nice to see you. i want to talk to you front and center, we have been obsessed by the u.s.-china trade talks, what seems to be may be posturing. how do you see it? stephen: we have had a trade imbalance for 25 or 30 years. initially, when you had emerging markets it was a g

david: many thanks to ben bain reporting from washington. we turn back to chinese trade.e spoke with the chinese ambassador to the united states earlier today about his country's view of the trade war with the united states. >> i never believe the term trade war is a good one. trade is about mutual benefit. war is about mutual destruction. how can we put these concepts in one term? we still believe talks, communication on equal footing is the only way out for any dispute between us. we are still committed to that. ennis,we welcome erin senior vice president of the u.s. china business council. .he comes to us from washington you heard what the chinese ambassador had to say. they want to talk, they do not want to war. further any prospects they can get this resolved soon. erin: i think there are always prospects this can be resolved. the substantive issues dividing the country's are still largely the same. a matter of how enforcement will look and what happens in terms of legislative or administrative changes, what happens to all of the tariffs in place. those are things th

withdrawal is needed to pave the way for negotiations to end the 4 year war on diplomatic editor james baines has more from the united nations they've seemed to reached an understanding but it's too early to say whether this is actually a breakthrough the stockholm deal in december that's almost 6 months ago said the who things should do this and 6 months ome they haven't done it yet they now say they're going to do it in the coming hours from the 11th just a few hours from now to start redeploying going on until the 14th it's no coincidence that the next meeting of the u.n. security council is jew on the 15th the security council putting a great deal of pressure on the who thies i think losing some patience with the who theses donald trump has planned to add tariffs to all the chinese products which already facing import taxes the escalation in the trade war follows the failure to reach an agreement in the latest round of talks. the u.s. has assigned a warship already in the middle east to counter what it calls the iranian threat also in jordan has more from washington. it's being assigned b

. >>> in the south bain, abc 7 was in downtown san jose.y held their annual event that celebrates community, open streets and outdoor play. any modes of nonmotorized transportation were welcome. you didn't need a bike necessarily to get involved. mayor sam ricardo event that allows people to experience san jose in a different way. >> this would have been a great way to ride your bike in certain spots. >> that would be an accurate thing to say. drew tuma with more on this wacky forecast we had. >> the showers were scattered. we have heavy rain in spots. a couple spots in the heaviest showers are hitting right now. down to street level we go, folks in stanford, palo alto. rain. the rainfalling at almost half an inch per hour. that's heavy rain for the month of may. a downpour move through freemont exiting off to the east, still, it's wet from 880 to 680, another cell to the east bay. castro valley, 4:56 expect a downpour in your neighborhood and san ramon. this cell will move through about 5:12 this evening. a lot of green on the screen, indi

talks with bain capital and carlyle group on a possible takeover are continuing. us now is the cfo of ostrom licked. licht. in terms of is it this? when will you get control of these numbers and turn the situation around? go: thanks for having me. the tough market environment continues in both our key markets, automotive and general lighting. we posted a decline in revenue of 13.5% and adjusted margin of eight, less than a year ago. a big factor was china again. where the business declined further. we had a week qr but in the second quarter, down by approximately 30%. china makes up for 20% of our overall business and we saw still the stocking in our supply chain, automotive and general lighting in europe as well as in a pack. we took action on cost and increased our savings target to more than 200 million by 2021. we believe now when we look at the second half that things will stabilize somewhat for us. we are confident on the back of the cost programs we are running. speak to youto this morning. some of the commentary coming through from your ceo after the earni

. >> employees have been the bain of my existence. >> okay.u say bain of your existence, and in our discussions, we think about employees actually being the key to a successful business. your employees need to know that you trust in them, value them, and believe in them...or it's gonna cost you. in the bank, it's gonna cost you. >> there's one person here that i thought it would be helpful for him to be brought into the equation for you to interact with him in his presence... >> okay. >> and to watch the visceral reactions that bubble from both. >> right. >> because if andrew can learn to work through this particular one, i think he's got the potential for being an amazing...amazing business owner. let's go see neil. if dr. rivera can find some common ground between the employees and andrew, we are well on our way to making a lot of money. this is neil, buddy of mine. >> hi. ni, neil. it's nice to meet you. so andrew, can you tell me what qualities you see in neil. >> i don't see anything in neil now because he doesn't exist. we had a falling

when the suv hit the back of the choir's bus which got caught up in a multi vehicle pile up in braze bain i'd like to say thank you to the aeolians for trying to get my dad out of the car before it burned. i felt like my dad was in the room when they were singing for me. >> reporter: she lived with her father in san mateo where he worked as a personal trainer. >> he was a great person. he was very close with everybody, very kind hearted, always wanted to help people in need. >> this man was in her life. >> yes. >> and is still in her spirit. >> reporter: reverend amos brown of the naacp invited the errolians, an internationally recognized choir to sing sunday. this is where they stayed before they sang for ayana. it was a healing opportunity for everyone. >> it was meaningful for her, but also for us. >> reporter: her mother is on her way to the bay area from out of state. in san francisco, kate larson, abc7 news. >> in the east bay, sky 7 was in brentwood where this man, as you see, was taking a field sobriety test. he's now accused of felony dui after a deadly crash. the chp says he cro

actually benefiting from the trade war with china by cashing in on import taxes however the head of the bain association says that chinese tyrus will have an impact a severe impact on the u.s. . soil being really a chip of the spear if you will in the retaliation from the chinese trade and chinese trade dispute but it certainly impacted the core products from the. well as livestock particularly pork poultry and of course a host of other non agricultural products so you know this you know the any disruption in trade between the u.s. and any of its major trading partners will certainly have an impact on farmers from a soybean perspective keep in mind that china currently buys spots 60 percent of all the soybeans traded in the world 60 percent so when the u.s. says the disruption in that relationship to china it certainly has a major impact on soybeans about one out of every 3rd row worth or about a 3rd of the told us oil being brought to piggly would end up in china course today that's not happening. tony the sad the rise of nationalism was among the most discussed issues during debates ahead

says bain i tough can find. toxic and tongs. but now that the contest is over all of us have a responsibility to respect the result to be able to have served as leader of the life of a party for 5 and a half years. is a greater all know than anyone who had my family before me or even i could have dreamed of when i joined the local branch 35 years ago. andrew was bill shorten the resignation as the leader of the labor party a surprise. to be absolutely honest i'm not sure he had any choice this was his 2nd election defeat he lost against the then prime minister malcolm turnbull 3 years ago but then he was celebrating because he was expected to lose that election by a wide margin yes he came very close to winning you know he just missed out and that both him essentially the next 3 years and people really have high expectations he would win this election that's all about expectations he exceeded them 3 years ago he massively missed out on expectations this time around so you really have very little choice but to resign also one thi

occupied taught that within israel itself is bad that i've seen as bad as colonial oppression that bain and her reigned us and the british and the belgians and the french and we know genocide and bombings and mutilations and slavery that we have for goodness sake from the 20th into the 21st century and because of texts americano and the e.u. the israeli the zionists are able to do what they wish and they just get through war dead by jerusalem. by the golan heights and in terms of tromso. of the century what is that to correlate what's going to happen next in gardens of this is a product like state that's israel wanting with the palestinians are not but they have what the south africans head they never say die they have got sung what they determined they never gave in and they say this is just struggle and good luck to them they need all our support e.d.'s it to national solidarity. can i talk about that just writing i mean there's no. banned from speaking in apartheid south africa. yourself you said you a ban from talking about boycott divestment sanctions i mean they were. in tel aviv

this must be one of your regular baines, the amount of fly—tipping? absolutely.a beautiful country but there are significant people who treat it really badly and i can only describe it as environmental vandalism. it is a terribly sad thing. you say environmental vandalism and we cannot preclude the fact there are people who just dump their rubbish by the side of the road, but the problem seems to be a bit more organised than that? there are different levels of fly—tipping, it isa different levels of fly—tipping, it is a generic term but at the most serious and, around london there are serious and, around london there are serious organised crime who are involved in fly—tipping and they can earn up to £25,000 for fly—tipping sometime during the week or whenever people are not around, so there that level, and at the other end of the spectrum there are people who get most carrier licences from the environment agency and who offer to dispose of peoples waste, so there are different scales. on the question of licenses, this is the kind of thing where if someone is a bi

whether it is the weather channel, which i bought last year -- i bought that from bain and blackstone comcast. the weather channel is phenomenal, iconic. there's a lot we can do with the weather channel and these rsn's. there's a lot we can do in terms of documentaries, biographies, and maybe even sports leagues. >> i'm trying to get my head around the unifying theme. you have some local television stations you bought on monday. obviously the weather channel last year. concept for entertainment studios? where does this company go? byron: i have always said my goal is to build the biggest media company in the world. >> in terms of market cap, viewers? byron: top line revenue, size, scale. i've always made that clear. that is it, every day. >> do you think the market is there to do it, to roll up enough companies? byron: some of it is debt, some equity, some free cash flow. some is that you just have to be very clever in the moves you will make. i started this company from the dining room table 26 years ago and i could barely pay my phone bill. there were days they turned off my phone.

. >> a little bit of patchy fog but some of the fog come bained with upper 30s for lows. there is not a lot of fog around. it won't last long but water temperatures, low 50s to mid- 50s. em temperatures change from 24 hours ago, you lose the breeze and temperatures take a plunge. napa airport minus 12. fairfield minus 9. down to 42 there. one observation in napa, also at 42. that is pretty impressive for may 1st to get that cool of a low. nice, early. chilly later for the dodgers and giants tonight. i don't think fog will be an issue, but it is better than maybe on monday. warmer for a few days. not a big jump but a little bit. mid-70s today. then pushing upper 70s to near 80 by friday. back down on the weekend. santa rosa two above average. oakland airport likewise. 72 normal to 75 today. a little bit of an east breeze at the airport. yesterday was 33 to 38 miles per hour. coming right down out of the northwest should help on the coast. water temperatures will come down a bit. look at the temperatures. bend, oregon, 28. minden 23. lovelock 23 degrees. 22. a freeze warnin

these two whirl con bain to give central and southern california a lot of cloudcover and eventually someld be thursday coming in off the central sierra. some of that makes it back to the valley and maybe san jose, santa rosa mountains but more likely in the central valley but there are some projections into friday with a little bit there. most you sigh the heavier is out toward the central sierra. that is where the biggest thunderstorm activity would be, but possible friday mainly to the south. we mentioned the other day when some of that back track came in, even to santa rosa county. somewatch foregoing forward. >>> some low 80s antioch, brentwood. berkeley oaks chand at 68. 78 gilroy. >>> little change here going forward. we'll have to watch for mostly cloudy skies on friday and sunday. >> a bay area concert for the life of a talented young musician. how his bay area family, friends and mentors honored the young man tragically killed wo months ago. you know when you're at ross at that "oh, yeah" price? yes! that's yes for less. score the latest spring dresses at 20% to 60% off yes for

coming up, we speak to the cochairmen of bain capital, stephen pagliuca.mcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ welcome back to a special edition of bloomberg technology live from reebok's headquarters in boston. rising trade tensions between the u.s. and china have market watchers on edge. john williams explained the downside of raising tariffs. is likethink of it, it a supply shock. one will boost inflation by a few tenths. it will effect demand but also it has negative effects on the value chains and how the economic system works. our next guest is the cochairman of one of the leading private investment firms, baincapital and co-owner of the

provide content, and whether it is the weather channel, which i bought last year -- i bought that from bainlackstone and comcast. the weather channel is phenomenal. it is iconic. it is nine consecutive years, the most trusted news brand in america, and there is a lot we can do with a rather chanter -- with the weather channel and these rsn's. there's a lot we can do in terms of documentaries, biographies, and who knows? maybe even sports leagues. you never know. >> i'm trying to get my head around the unifying theme. you have some local television stations you bought on monday. you have the regional sports networks. byron: that is monday. >> obviously the weather channel last year. what is the concept for entertainment studios? where does this company go? byron: i have always said my goal is to build the biggest media company in the world. >> what does that mean? you mean in terms of market cap, viewers? byron: top line revenue, size, ebitda scale. , i've always made that clear. that is it, every day. >> ton the debt market? do what? >> do you think the market is there to do it, to roll up

stanley acton is behind the baines unit. the keeping families together piece of it seems to be a really big part of this. all part of what he says is one answer to the bay area's housing crisis. >> what it is doing is providing housing for those that probably wouldn't have an opportunity to live in the bay area. for baen, he and the wife will live in the main house. their daughter and son-in-law in the ashlgs du until grandchildren force a switch. >> parents in my backyard will be the next trend they will take on. >> we're not at that stage yet and it's still my daughter, but yeah, that might happen. >> i'm amanda del castillo, abc 7 news. >>> the warriors advanced to western conference finals after closing out the series against the rocky it is. from high anxiety to victory the fans endured ameesrnonrencfwienl for thcotrght y they eliminate the rockets in houston. >>> the warriors were without kevin durant in game six and steph curry went scoreless in the first half. the two-time mvp skofrpd the rockets with 33 points claim

years working on a five-book series that will when finished be the absolute biographer of lindon bainesunderstand the president's upbringing, uprooted his life from new york city to the texas hill country where johnson grew up. caro and his wife ended up spending three years there. then there's the writing. he painstakingly writes all of his first drafts by hand on notepads. the ensuing graphs are typed not on a computer but smith corona 210. those machines are out of production but caro has ten spares he keeps just for the parts. he briefly paused work on his fifth volume of the johnson biography to write a miniseries of sorts "working." it explains his glorious process. robert caro, welcome back to the show. >> thanks are to the glorious. >> for me the pleasure of this book has been for the first time i was able to hear it in your voice. it's the only book you've read. >> yes. because my new york accent, as you can hear, is so strong, that when i went to ask my agent if i could reorder my other books, she said then the price will go down. >> when you were writing the first book you wr

take heed of the international community's reaction, calls from people of all walks life, calculate bainesnd loss of their own interest have a clear understanding of the situation and return to the right track at an early date. we hope we can meet china halfway to strive together for mutually beneficial and win-win agreement on the basis of mutual respect. reporter: you hear there, china wants to go halfway with the united states. the united states says they will not allow china to keep stealing intellectual property. both republicans and some democrats support the president standing up to china. >> so what the president's doing is using tariffs as a tool to get them to change the behavior that leads to them cheating us out of market share. it is not about china out working americans, it is about china cheating and somebody should have done this 30 years ago. reporter: now the administration upping the pressure. the president or the u.s. trade representatives office listing items everything else basically china has imported into the united states that could potentially go under a 25% tarif

and a former bain capital managing director. author of the upside of inequality, ed connor.ct pair here. let me start with you. yesterday we had a riveting live town hall. there were passionate arguments presented on both sides. you're the author of the socialist manifesto. what would you tell people who feel like this american system is the best? >> i think capitalism has worked producing wealth in abundance but it also foreclosed what we can do with the wealth an abundance. endsmillions of americans are saddled with medical debt, working harder and harder than our parents and other countries we're not making enough. we have financial stress and pressure. people deserve certain necessities of life to be guaranteed as social rights and not bought and sold in the market. charles: ed? >> median incomes are 30% higher than germany for example. germans have high every test scores. we work longer hours than they have. if you make adjustments per hour basis of given level of capability american earning 20% more than european. sweden tried to implement socialism, they're earning 20

it's his dad talking to congressman lyndon baines johnson, and he explained to me that this just dropped out of that -- he had just dropped out of the helicopter and walked over to the american legion hall and there he was having coffee s dad, wanting to understand these people so they could that she could serve them. this guy tells me, my dad lived in archer city his entire life, and so have i, and this is the first time since 1948 that a senate candidate from either party showed up here to listen to us and to be able to service. 70 years. here is the result, though we did not win the election, we were down by 2.6 percent on election night, we won more votes than any democrat in the history of the state of texas. independents for the first time in 10 years. [applause] two new members of congress, both democrats replacing republicans that had served and you probably know what that is light, helping to flip the house of representatives, change the composition of the state legislature. 17 african-american women and harris county won election to positions, changing terminal justice and that

after wednesday's attack in the share that killed $28.00 soldiers well our diplomats had said james baines joins us now live from the united nations headquarters and james have been hearing from briefing on the saddle region what's the assessment so far well i think ambassadors will be quite shocked by what they're hearing because often they talk about one country now we're talking about instability and violence spreading across an entire region there are countries in this region that used to be pretty peaceful just a few years ago and they're seeing a great deal of violence between of us so is one of those countries where they've been attacks recently on churches and christians and attacks in recent years that have been getting worse and worse in a country that same 3 years ago was seen as a peaceful place just last week we had a french special op forces operation to free 4 hostages far so for foreign hostages that were being held there 2 of them 2 french citizens were actually kidnapped in a place that's not even in the so hail across the border in but mean it shows i think how difficult

bain capital managing director, author of upside of inequality ed connor. thanks for joining me. tariffs as economic policy but a tool to fight back. my grandfather used to have a rifle in the living room. it had dust on it. he used to it hunt for food. no one touched it when the crops failed he had to grab the rife fill to get food. >> we have to inflict more damage on them than they're inflicting on us if we want them to come back into line in the long run. we have to get the president room to negotiate. he needs to take steps in the short run. most of the market recognizes that. they now fear there will be probably by the end of the week terrorists potentially imposed. charles: right. and of course, after that, we'll see what happens. maybe that will create a sense of urgency on both sides. it seemed to have started to drift a little bit, intensity of the negotiations, seemed like okay, meeting here, meeting there, congregation there. it felt like a rudderless ship to a degree. maybe that creates a sense of urgency? >> i think the chinese negotiating strategy is backtrack at t

in it is his dad talking to congressman lyndon baines johnson in the year 1948. and he explained to me lbj running for senate had just dropped out of the sky in a helicopter, onto the courthouse grounds walked over to the , american legion hall and there he was having coffee with this guys dad in 1948, listening to those whose votes he was going to ask for, wanting to understand so he could serve them. this guy tells me, my dad lived in archer city his entire life, i have lived in archer city my entire life. this is the first time since 1948 that a senate candidate upm either party has shown in archer city to listen to us, to find out what is on our mind, to be able to serve us 70 years. , here is the result, though we did not win the election, we were down by 2.6% on election night, we won more votes than any democrat in the history of the state of texas. we won independents for the first time in 10 years. young voter turnout up 5% from the last midterm. [applause] two new members of congress, both democrats, replacing republicans who had served forever in seats

one thing donald trump got away with in 2016 was having and your bain images as a new yorkers while heg he was going to lock -- punish women for getting abortions and would appoint a supreme court that would overturn roe v. wade. he was able to have it both ways in 2016. a lot of suburban people said, donald trump won't really do that, he is playing for the christian conservative vote. i think it is imperative that the democrats running for president in 2020 make sure the voters know and hold donald trump accountable for the big move to the right. what we're seeing in the states, what we are seeing in alabama and ohio and all of the other states right now is the direct result of donald trump saying, we should punish women and donald trump saying we will reverse roe v. wade and putting two justices on the supreme court to do that. the democrats have to do a better job in 2020 than they did in 2016 of putting it at donald trump's feet. >> no one is coming anywhere. coming soon to a courtroom near you, breaking news on the fight for donald trump's tax returns. that's next. returns that's

peter bain, involved in the attempted murder of three men, jailed for 15 years.l record showing convictions for four attempted murders in the past, jailed for 16 years. and andrew sinclair, involved in two attacks, jailed for 13 years. in total, 104 yea rs jailed for 13 years. in total, 104 years in prison. 0ne victim was chased through the streets of glasgow at speeds of 100 miles an hour. thejudge said glasgow at speeds of 100 miles an hour. the judge said such recklessness put the public in great danger and the notion this is a private feud couldn't be further from the truth, he said. robert daniel, thomas billson and daniel petty all attacked by max men wielding axes and machetes. the next victim was riley fitzsimmons, he was left unconscious and brain—damaged. he was a hard—working man living peacefully with his mother. his brother was said to be an associate of the daniel family but this is not the responsibility of ryan fit simmons. as a result of the extensive injury sustained during the attack upon him, he has had to give up work and is dependent on his

taylor: thank you, ben bain.is almost here, and it is the season for movie blockbusters. we will look at which movies are getting all the buzz, next. this is bloomberg. ♪ scarlet: memorial day weekend, unofficial kickoff to summer. it also means movie blockbusters season. we get a preview of what to expect on the big screen, managing director of fandango. are we anticipating in terms of big summer blockbusters? anticipated summer movie is "spider-man: far from home." it is following the events of "avengers:endgame." marvel got a bump, so even the "dark phoenix" movie as a bump in is one of the most anticipated movies of the summer. "spider-man: far from home" with aturning actors, it is follow-up to the last movie. disney there are classics like "aladdin" and "lion king," old classics. i probably will see "the lion king." i cried the first time i saw it. talk about the revitalization of classics. >> we have been seeing the live action remakes. but we're getting to a specific time period when disney was in the cla

unless i had real conversations with bain bankers, their customers and supervisors on the state tour how our community banks are in the fabric of the communities and customers' life. across the country the bank helped to fund a grocery store, barbershop, restaurants, local libraries and small businesses. in rural communities and urban settings our banks provide a critical lifeline for lower income customers and structural services. it's the fdic that provides the consumer with the confidence to trust those banks with their deposits. i would be remiss if i did not mission the 6,000 dedicated fdic employees who go to work every day, laser focused on protecting the stability of 0 our financial systems and we fulfill our mission and regulatory mandates to promote confidence in the u.s. financial system. thank you again for the opportunity to discuss that today and i look forward to your questions. >> thank you, ms. mcwilliams. mr. hood. >> chairman crapo, ranking member brown and members of the committee. thank you for the opportunity to testify today about the state of america's federal

we know that in january of 1964, president lyndon bains johnson declared the war on poverty in his state of the union address. sergeant shriver who was then the director of the office of economic opportunity then assembled a panel of experts to develop a comprehensive child development program to help communities meet the needs of disadvantaged preschool children that resulted in project head start launching in the summer of 1965. over 50 years later head start and early head start have served hundreds of thousands of children with high-quality comprehensive early learning and wrap-around services. the presiding officer: will the senator suspend for a moment. the senate will be in order. mr. casey: just to give the senate a reminder on what head start is in terms of the ages, head start serves children ages three to five. early head start serves up to three. so under the age of three. we know that these early learning experiences provide children with the tools they need to develop and succeed in school. when children learn more earlier in life, they earn more later in life. it's not jus