how a bangladeshi fishing ban to save the environment could ruin coastal community and from bain and fortune to bankruptcy the german tennis star options of his most prized possession. i'm going to school and let's do business trade talks could be back on after a long period of refusing to talk talk and voice for china and the u.s. have agreed to resume negotiations to end a trade war chinese state media says vice premier you hey who leads the chinese side telephoned with his u.s. counterparts trade representative robert life and treasury secretary stephen the new should the meetings broke down in may china's xi jinping and president donald trump are set to meet on saturday on the sidelines of the g. 20 summit in japan to discuss trade as well. another front in the u.s. tariff conflict is india u.s. secretary of state peo is arriving for talks in delhi where trade tensions are also hot. american nuts have never been especially cheap in india but they're about to get much more expensive after the country raise tariffs on them from 30 to 120 percent. peas lentils and apples are also in

the current commenting partner of bain capital. this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek," i'm carol massar. jason: and i'm jason kelly. catch up on our daily show and listen and subscribe to our podcast. carol: and you can find us online at businessweek.com and our mobile app. we are here at harvard business school in boston. jason: first, facebook this week unveiled plans for a new cryptocurrency. the latest developments are undoubtedly being watched by regulators wary of the social network's dominance. we spoke with sheryl sandberg in cannes-lyons international festival in france . >> we know we have a lot of people to work with. this is a heavily regulated space. we need to talk to people and that is what we are doing. we are then going to launch. carol: we got more from joel wiesenthal who keeps a measured watch on the cryptocurrency world. joel: it is incredibly ambitious. if it were to gain traction, it could be a potential game changer. the closest analogy i think of a is not only e

i have two beautiful daughters-- tara and casey-- and two precious grandbabies-- kennedy and bain.elled up a little bit when you said that. yes. - nice to have you here. - thank you. uh, it's guyane. yes. guyane. yes, guyane. yes. i did it. yeah, you did it. why am i repeating? i just like saying it. perfect. it's a good name. guyane valian, is it? yes. is from pasadena, california. tell us about your life out in pasadena. i've been living in pasadena for about a year now. um, i work in finance and accounting at a local university. yeah. and where did you come from before you were in pasadena? uh, neighboring glendale. oh, okay, so that was a-- not a big move over there. right. they're kind of in the same area. yes. well, good. i hope you're enjoying life and, uh, you guys win a lot of money tonight. get ready. we'll do another "toss up." this is worth $2,000, and the category is... "rhyme time." ♪ [ bell chimes ] and cherith? a man with a plan. yeah. uh-huh. [ applause ] and for those of you who watched yesterday, what's a holdover from "manalapan," but that's another-- that's ano

friday and saturday look dry before more rain chances sneakc bain late sunday.issa, most of your weekend should be dry. >> i like that part. >>> northbound 95 after quantico, a delay.rr not tele so northbound 95 after quantico in the triangle theght side has a crash. 66 looking fine. beltway overall once again is looking pretty good so no big complaints there. 70 southbound from frederic gets you there in 27 minutes. >>> if you happen to be in ast esrgeore on saturday, your trip probably dot go as planned. >> this rning, the chain is apologizing for a weekend computch glit that shut down registers nationwide for hours. several people turned to social media to vent their frustration. this shopper at a store in tennessee posted video of the long lines on her instagram account and in our area, a customer at a store in rockville posted this picture. target sae the registrs were down for two hoursreventing cashiers from scanning merchandise. >> we were just shopping around and there was an overhead page said all of the systems were down in target and nobody could bar

we have teenagers and we just heard a story lkey're tag about at the age 20,rhe bain is still formingand understandt how i affects your brain for the long term. >> reporter: any relaxing of the laws wouldbe accompanied toco urage use by minors and floated the ideas of overturning convictions and expunging records of those already serving time orviave conions of what he characrizes reasonable amounts. >> i definitely think the criminal justice system has been overbearing on the use of drugs and cannabis. by all means. >> people should have the r ht to use cannabisesponsibly and shouldn't e tend the war on drugs. >> reporter: thatfirst ble on virginia will be in the statehouse in richmond. far, no timetable for that. derrick ward, news4. >>> let's take a look at the weather now. dad saw maybe some cloudy skies, maybe even a few showers, depending where you live. let's get the timing what ofpens tonight and the star the work week. >> tonight, i canosay m of us are in the all clear. i'm still not ruling out one or two showers popping an interesting pattern all day. i thought i was going t

even into the early afternoon for afternoon highs will still be in the 70's inland with 60's by the bain coast. i'm talking more about what the weekend has to offer still ahead in the show robin thank you john let's see what traffic house to offer the bridges and the freeways, not too bad how about a good commute into san francisco are always looking forward to that right. >>we don't like to started off with hot spots, a major problem, so if you leave now now there's nothing to worry about this just a minor weight and some of the cash lanes on the left or right hand side. but overall a great trip into san francisco. here's another bridge 92 mateo bridge to drive between hayward and send details find 12 minutes here that's for both directions between the minutes and the bayshore we're checking in on west 5 80 to the richmond sandra fell bridge. you don't have to deal with road work this morning, no cones out there. a great trip through the tolls across the span into the north bay at 8 minutes for that connection. so that's quick and right on time. traffic tracker we notice of the highway

carol: and that includes boston-based bain capital with $105 billion in assets under management.ington is a comanager and is hoping to put that money to work. >> health care is a big area for us. we invest early, late, and through credit funds. health care has always been a big part of our strategy. health care itself, we are going deeper and deeper. life sciences, for example. we want to be in the inflection capital business. we did a strategic relationship with pfizer. we took their entire platform, carved out, put it into a new company, and are building a company that will be a leading cms player. you don't see private equity traditionally do that, but we have those capabilities. carol: you have that depth of knowledge. >> and scale of capital. capability to understand, to build companies, and to deploy large-scale capital. jason: what are you avoiding right now? >> anything high-priced. [laughter] carol: where are you finding things most high-priced? >> we have been of the view that ever since recovery, where a lot of money has gone into stability kind of deals, deals that ar

carol: and that includes boston-based bain capital with $105 billion in assets under management.ington is a comanager and is hoping to put that money to work. >> health care is a big area for us. we invest early, late, and through credit funds. health care has always been a big part of our strategy. health care itself, we are going deeper and deeper. life sciences, for example. we want to be in the inflection capital business. we did a strategic relationship with pfizer. we took their entire platform, carved out, put it into a new company, and are building a company that will be a leading cms player. you don't see private equity traditionally do that, but we have those capabilities. carol: you have that depth of knowledge. >> and scale of capital. capability to understand, to build companies, and to deploy large-scale capital. jason: what are you avoiding right now? >> anything high-priced. [laughter] carol: where are you finding things most high-priced? >> we have been of the view that ever since recovery, where a lot of money has gone into stability kind of deals, deals that ar

outside adding more loading zones in the loading outside the protected bike lanes and the buffer like baines can work really well. where does it switch being two-way or do we anticipate have that being ultimately two way the entire length of folsom and howard? >> howard is two way from 11th street to the embarcadero. on folsom, there's a two-way section at second street going to the embarcadero. the design for that is to have a protected bike lane on each side of the threw a combination of marking signal timing and signage, we feel pretty confident we can do that. >> that's exciting. it will be great. i would just say let's be sort of as aggressive and cautious as we can when it comes to anything that is an intersection that is a mixing zone although i really like the improved folsom and howard. the mixing zone still continues to be a little sketchy because most -- not most drivers, a lot of car drivers don't seem to recognize what the little yield arrows mean. as director torres said, the raced crosswalks help so much maybe we can figure out something like that if we have mixing zones in th

forget all your passwords. keeps all your be td bain one place.il s morgan is back to help us throughke your questions from facebook, twitter, instagram. ur first question comes from rita in jacksonville beach, florida. she asked, so did you watch tou debate or r vandy boys who, by uch i y, are champions better take thisad one. i h a split screen. of course i watched the debate on the nbc family of networks and ong espn watchin vanderbilt win the nionalhampionship. anchor down. congratulations. tim corbyn, our gat coach and the great gs who won us a national title. we don't get a lot of those. >> go vandy. >> the nt question from linda on facebook. have you ever had to interview someone you were me mz mer mize by and had a hard time getting through? >>t' tstrong. that's a high bar. i will say one of my favorite was with martellus bennett and s wife. they were super funny. >> all-star. >> yeah. he and his wife and kid, rhey were juslly funny. >> i love that. >> yeah. think if we are going with messmerized, when mick jagger sat down across from me, as a rolling stones fan, wow. finally,

forget all your passwords. keeps all your be td bain one place.il the big carriers are talking aboutg roll outs, but their efforts are limited to a few pockets in select cities or trying to convince consumers that 4g is actually 5g. they're neglecting small towns and rural communities, leaving them on the wrong side of the digital divide. mbif approved, only the ed availableresources of t-mobile and sprint can deliver on all the spectrum bands needed to quickly bring unprecedented 5g connectivity across theation. >>> a young man i tuninrning hi smartphone into a souport grp to help people struggling with depression and mental health issues. diagnosed with bipolar schizophrenia and d depression,e ff felt aone and hopeless. he started leaving notes with motivational messages around his house and slowly his outlook started to improve. now he's turned that simple concept into an online business called cope notes. it's a text message service that sends a random text message each day to anyone who signs up. >> a soccer mom who is stressed or a college student who is in therapy and anyone i

january 4th, june 4th. 63% of all baines this year on those two days when the powell let markets know i got your back. i'm saying, as long as he can stop it, he doesn't even want to see a recession. >> i think the markets might be getting a little ahead of themselves on that because chairman powell's words yesterday were pretty measured. he was talking about inflation and inflation expectations. really just a hint that the fed might have to step in if things go badly. i would push back on the idea that tariffs are not damaging. tariff is another word for a tax of the it's a tax on imports. we've seen a fairly substantial weakening in the manufacturing sector. ism measure of manufacturing, it peaked in august of last year. it is really only been coming down since that second round of tariffs went on chinese imports. all of the research that we have indicates that the tariffs are being passed through to u.s. consumers. charles: we just heard jennifer say, we just her jennifer say that the federal reserve said the tariffs have been absorbed at least with the fed manufacturing data. we'll

the determination holder is justin mack bain and the project is to provide temporary shoring to facilitatexcavation. in the permit at issue tonight is 2018-08177643. we will hear from the requester first. you have three minutes. >> good evening, welcome back. >> here i am again. president swig, members period of timof theboard. i am here for a rehearing because i thought that the decision that was made four weeks ago was not just. i had asked to postpone the beginning of the excavation just a few months and one of the reasons was my small airbnb business, i had early in the year booked people until the end of august because i didn't know that this was coming my way. i had no idea. i would like to give these people a chance to get what they booked. a quiet retreat in san francisco. i know the construction will affect my airbnb business quite a bit. i had already a cancellation after i sent out a warning. as i say before, the income is very important for me. i'm asking you to please postpone the beginning of the excavation until september 1st. the other thing that came out of that hearing fo

. >> reporter: back in jamestown, mayor lyndon baines told us it's not looking good for their hospitalvernor. there's nothing we can do until they sell the building. >> reporter: just days after our building, the hospital posted this notice on the building. temporarily closed. new ceo was called to fix things. a few days after that, the rest of michelle's co-workers lost their jobs. the state labor department is now investigating claims the hospital was keeping money from their paychecks and not sending it to the state or irs. the jamestown medical center's new ceo tells us in a statement, despite allegations of mismanagement, we're doing everything we can do to try and stay open. here in the country, most of their patients are on medicare or medicaid. not to mention those who walk in with no insurance at all. last month, the federal government said it was considering new rules that might help, possibly giving rural areas higher reimbursements with government insurance. but none of this will come soon enough for the good people of this county. your biggest concern is about emergency ca

george washington declared history and experience prove that foreign influence is one of the most bainful foes of republican government. but apparently that cent usenti along with so many other american principles once held dear, is now gone. abby phillip has fresh reaction now from the white house. >> it's not an interference. they have information. i think i'd take it. >> reporter: president trump's unprecedented declaration that he would accept dirt from a foreign government about a political opponent coming under fire from all sides today. >> the president gave us once again evidence that he does not know right from wrong. >> trump defending himself on twitter, comparing foreign interference to his conversations with world leaders like the queen of england and the president of france. but democratic lawmakers see it differently. >> it's against the law. it's so against any sense of decency. >> reporter: even some republicans who are normally hesitant to rebuke the president of speaking out. >> my reaction is he should reach out to the fbi. >> the appropriate action to take is to call

he turned off his body cam, it's the fact that the other officer who took him to the hospital has bain used of various violations, has been disciplined and taken off the streets several times for abuse and violence and aggressive behavior with voters, with regular people living in the city. pete buttigieg, i watched last night's debate and when he says i take responsibility i didn't get it done, i'm like i have to see you across from putin and leaders from saudi arabia, i have to see you across from leaders with china. if you can't handle it and there can't give me a better explanation of how you're going to do things better, why should i believe you now? i appreciate his honesty, but that doesn't encourage me. >> let's listen to what his consistency responded to what he said. >> he's still got better response that half of them. >> i was impressed by his response and i like a couple others responses as well, but he's -- he's the one i was really looking at tonight. so he made a good impact. >> you know, he has been a candidate to watch. did he help or hurt his cause last night. >> look

al-jazeera portland to bain. hundreds of thousands of people have been forced to leave homes in the democratic republic of congo due to intercommunal fighting rival militia from the hammer and lendu ethnic groups of fighting in the mineral rich it truly region around 4000 crossed the border into uganda this month alone some of them are being given sanctuary in the chang wiley resettlement count. is the. john wiley refugee settlement has been around for decades some of the new arrivals are setting up temporary structures the one with the wide canvas is finished these men over here are putting up a new one these will be for the elderly because they're near the road which means it will be easier access people have been telling us how they managed to escape the d r c one woman said when their village was attacked the family ran to get a boat nearby but in the commotion and panic one the children fell into the water and drowned but the family had to keep on going because there's no food or medicine another child died

it comes froms kkr, bain capital, and others.join but did not admit a final bid. and -- will receive a 51% stake in the group as the government tries to develop a global industry leader. paymentnot involve any as the government moves to speed up restructuring industries at overcapacity. after the agreement, they will own 45% of the listed company. let's have a look at china markets. we start off on the back foot, and we will leave it at that as we get to the mainland chinese markets, 90 minute lunchtime break. this is bloomberg. ♪ ♪ >> it's almost 11:30 a.m. in hong kong, 1:30 p.m. in sydney. let's get the first word headlines. china says it is willing to work with the u.s. to end an escalating trade war, but won't bend to concessions. a government report blames the trump administration for the collapse in talks, and says the recent u.s. tariff hikes on china will only make things worse for all side. it also takes a swipe at his 2016 campaign slogan, saying that the trade dispute has not make america great again. negotiations are

they say the private equity interest comes from kkr, bain capital and mbk partners.dely expected to join, did not submit a final bid. emirates airline president said boeing 737 maxwell on mike lee be back before the end of this year. they say that is because of the fallout in cooperation according to the aviation administration and other national regulators. shouldve said the jets be flying again by july. >> i would say december would be a time that i don't believe it will happen -- time, but i don't believe it will happen before that. local regulators are having a difference of opinions they will prove the aircraft to fly anytime soon. paul: plenty more to come on "daybreak asia." andave markets in japan hear and ausdrill you a little weaker right now. stay with us, more in a moment. this is bloomberg. ♪ su: this is "daybreak asia." willing to work with the u.s. and an escalating trade war. --official government claims blames president trump's administration for a collapse in talks and says the tariffs on china will only make things worse for all sides. a swipe atal

joining us is our guest from bain, who published a paper on the shopping behavior of chinese consumers lot of concerns, but given the research your team has done, what have you found about the health of the chinese consumer? areo: the chinese consumers behaving as you would expect in a growing economy, very confidently about their future. their income per capita has increased. they have more discretionary money to spend, so they are spending. growthearch found the rates for 2018 were very much in line with the previous year, no no slowdown. premiumization, which is of course a sign of healthiness and confidence, is also going very well. so overall, very positive year for the chinese consumption, looking at the sector in particular yvonne:. one of the big deals -- in particular. yvonne: one of the big deals we talked about, with carrefgour. europeanican, retailers that are scaling back exposure to china, or tying up with a local partner. what do you think the foreign retailers are going wrong about the chinese consumer? bruno: that's a very good question. this is something we have been

and then, i would call it personal engagement in the personal camp bain by -- in the presidenti presidentl camp an -- >> they are walking now, you see the three blue buildings. those are the buildings that you medicati mentioned earlier, where the members of the north and the south and the u.n. command can meet to discuss there. between the two buildings is the mdl. you can see the cam are ra panning toward it. and if there's going to be a meeting, that looks like the place where the meeting will happen. >> and painted un blue because of the key organization that was part of the cease fire. >> painted blue for the -- it's something that is carefully coordinating. each side has to ask and grant permission at the appropriate time for one side to cross. so, this is great according to the rules. >> and what we are seeing here, is when the camera, pans to the left. we could see that line that richard engel is talkingabout. only inches high and a foot wide. that is the the actual line. the line on the other side -- looks like we lost the signal that was live. getting live video from the dmz, if

shar bains. >> thank you, mr. chairman, for yielding. i oppose the amendment as well. if you look at these amendments we've been getting over the last few hours, they strike me as attempts to kind of normalize bad behavior. and we're not going to be complicit in that kind of a narrative here. i mean we had the supreme court one. that's kind of a distraction because it was pointed out compellingly that's really irrelevant to what we're doing here. we had this thing about when and how the citizenship question has been presented in the past, which is sort of to 55 of those went directly to rural communities and the federal government distributed $33 billion specifically to rural areas in the fiscal year 2000 and we can show the impact on urban communities, getting the accounts right. >> for school systems we depend on those funds and this is why it is so important to get the number right. leaving aside whether you had concerns about motivation behind the questions, putting the question on their, there is no way to know how to unpack that and we need to make sure that thei

this would be bain of republicans' existence.ugh he lost the last election, he lost by two points. almost half of alabamans said he's okay. >> don't you think he's taking a page out of the president's book right now? this is becoming more about roy moore than anything else. >> yeah. i do think he can win, following alabama politics for as long as i have, think roy moore could be a u.s. senator. we shall see. yasmin, 5 a.m., 4 a.m. eastern on mondays. i will never complain about my 4 a.m. wake-up time again. >> when you wake up, i'm on air. >> you're watching "morning joe." be right back. right back. my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber fam