carol: this is "bloomberg businessweek." sinessweek." ♪ businessweek." ♪ jason: welcome back to "bloomberg businessweek." carol: you can also listen to us on the radio. jason: and in london on dab digital. so much news coming out of washington this week. we turn to our go-to guy to walk us through the latest and greatest, matthew. >> is one of what is going on in washington centered around -- a lot of what is going on in washington centered around tweets from president trump. matthew: what we got was a snippet of less than a minute of audio, a little muddled at times, but we do get a clear sense of trump's knowledge of the payments michael coincide he was making to quiet down the playboy playmate stories who allegedly -- trump tweeted the next day, saying, has a lawyer ever recorded a client before go the legal implications of this are murky, given the relationship between a attorney-client -- attorney-client privilege. the biggest takeaway is that this undercuts the trump campaign. they said he had no knowledge of these paym

jason: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek."ason: you can also find us online. carol: and our mobile app. carol: in space this week, a plan. -- a profile of nasa's posh mission. jason: a plan at the space agency to do something that has never been done before. carroll: and that is to bring a piece of a comment back to earth. dimitra: the caesar mission is a team of people led by steve squires, a professor at cornell, who successfully led the mars rover mission. opportunity and spirit. this is going to travel out to a specific comet, 67p. >> a well-known comet? dimitra: comets are very important to nasa. we know more about 67 p than any other comet. it is a top priority for nasa in the science community. there is a lot of organic material, clues in pristine condition that will give us answers to questions about the start of the solar system and the beginning of life. jason: what you take away from writing this about how a mission gets put together now? it is different now than it was 30 or 50 years ago, even from the mars mission

carol: this is bloomberg businessweek. ♪ jason: welcome back to bloomberg businessweek. son kelly. carol: i am carol massar. up next is the real value of missing art. jason: we go to the case of the stolen bourbon. carol: we start in germany and the threats facing angela merkel. jason: populism and nationalism are sweeping across the continent. what are the applications for chancellor merkel? carol: what are the implications for the european union? >> she is on the back foot at the moment. this is over her liberal policy. specifically on migration. angela merkel has a coalition government. this is kicking up against her party. this is on the front line of the migrants who traveled north from the mediterranean sea up through europe and into the richer countries, mainly germany and sweden. they say that she is essentially opening the border to too many people. they want to send them back. carol: we are saying this wave of nativism in terms of people pushing back and wanted to those of borders. what is interesting about your story is you talk about the important role of germ

carol: welcome to bloomberg businessweek. i am carol massar. jason: and i am jason kelly. we are joining you from bloomberg headquarters in new york. carol: this week's issue is about the space race. jason: there is so much going on talking tinyare rockets and drug therapies at the international space station. carol: we are also talking comment mining. jason: it goes back to money. billionaires are pouring money race 2.0.pace carol: it does come back to money. our reporter took us to spacex. jason: but not to where you would think, not elon musk but the woman behind him, making it all happen. >> gwen is the coo and president of spacex. she has been one of the people closest to elon musk over the last 15 years or so. probablyn besides musk most responsible for turning this into something more than a wild set of dreams to colonize mars. jason: where did she come from? max: she is from the midwest, north of chicago. she started at chrysler and moved into the aerospace industry. musk founder in 2002, when there was not a lot there. it was like, we're going to make cheap rockets

carol: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." kelly. carol: i'm carol massar. you can find us online at businessweek.com. the features section, we find a bank that not many people have heard of, bank of the ozarks. carol: it is headquartered in little rock, arkansas. jason: it is getting a lot of attention from its competitors here on wall street. here is peter robison. peter: george gleason is one of the kinds of people who makes new yorkers look like slackers. he is one of the more hard-working people i have ever met. he talks a lot about working 80 hours a week. he mentioned that he did not wake up at dawn to write his banks or earnings report, he will go up at midnight while he .as on the road afte identity in his making his bank grow and making it grow efficiently. marks name eight off the top of his head, and he gives the scorecard in his pocket of where the bank ranks among the largest banks. according to him, it ranks at the top. jason: he has either been able to out hustle all of those rival bankers, or he has done a lot

♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. re at bloomberg headquarters in new york. carol: coming up in this week's issue, a question. can the republican party survive a trade war? jason: we also look at the complicated relationship, to say the least, between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla. jason: elon musk has made a lot of promises to investors and customers. can he live up to them? carol: building a car turning out to be pretty tough. jason: amazing. here is max. max: tesla quite famously for the last year and a half had been kicking the can down the road on its goals for its model 3, which is the mass-market sedan. carol: $35,000, but -- jason: $35,000 the average. max: selling price for a car in the u.s. is somewhere around $30,000. $35,000 for the base model. it is the least expensive model tesla has to offer. there is a ton of demand for this thing, and yet, tesla has not been able to produce these in the numbers that they wa

carol: this is bloomberg businessweek. ♪ jason: welcome back to bloomberg businessweek. ason kelly. carol: i'm carol massar. still ahead in this week's issue, the value of missing art. jason: we also go to the case of the stolen bourbon. carol: we start in germany and the threats facing angela merkel. jason: populism and nationalism sweeping across the continental. -- across the continent. what are the implications for angela merkel? carol: what are the implications more broadly for the european union? >> merkel is on the back foot at the moment and essentially over her liberal policy. but specifically on migration. now, merkel has a coalition government and one of the three parties in the coalition, her bavarian sister party, is kicking up against her policy. bavaria is on the front line of the migrants who traveled north from the mediterranean sea up through europe and into the richer countries, mainly germany and sweden. and they say she's essentially opening the border to too many people, and they want to send these people back. carol: this is a fascinating story beca

jason: this is "bloomberg businessweek.". ♪ carol: welcome back to "bloomberg businessweek."on: you can find us online. carol: and our mobile app. what life isk at like for deportees returning to guatemala. migrants to ported from the united states often have little choice but to head north. >> it was a chaotic scene outside the air force base. smugglersloan sharks, ready to take them back to the border, family members, currency exchange. many of them are not from guatemala city. the first thing they think, where am i going to spend the night and where is my next meal going to come from? hadgentleman we talked to been separated from his grandson. they may be trip together and they were apprehended crossing the border in texas. they were separated at that point. the trump order was still enforced, forced separation. he says, i want to find my grandson, i want to wait. >> how does that impact people and their decisions? has that changed anything for people trying to come to the u.s.? >> people were still wanting to try their luck. are not talking about people escaping regular e

carol: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." l: you can also listen to us on radio on sirius xm channel 119. 106.1 in boston. 99.1 fm and washington, d.c. jason: and in london and in asia on the bloomberg radio plus. in the technology section, artificial intelligence clearly getting smarter with facial recognition software still getting confused by darker skin tones. carol: there are problems out there. you have companies that include microsoft working hard o overhaul this problem. >> law enforcement has actually been using facial recognition technology for years in various applications, i think more so than people realize. the thing that really kind of highlighting this application recently was the aclu did a bunch of public records requests and found out that amazon was marketing its facial recognition product, called recognition, to law enforcement agencies. >> there aren't guidelines out there to make sure it is being very careful? >> law enforcement has been eager to adopt anything they think will give them some sort of edge

jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." jason kelly. carol: i am carol massar. you can listen to us on sirius 1130 innel 119 and a.m. boston, washington, d c, and in the bay area. jason: and in london. in the future section, we take a look at the demographic problem in japan. the population is getting older and shrinking. carol: as a result, there is increasing demand for the services that clean out and dispose of the property the elderly leave behind. jason: it is an amazingly big business. here is jillian goodman. jillian japan has had seven : consecutive years of population decline. it creates problems in a lot of ways, but it has created a problem that has the sole industry, it is this whole industry of people who come and clean out the homes and find new homes for those goods. jason: what is it that is behind this from a japanese perspective? in terms of history, i guess. jillian: one of the things we cover in the story is this japanese concept that is basically about the idea that things have a life beyond the life yo

jason: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek."on: you can also find us online at businessweek.com. carol: and on our mobile app. we get a preview of the summit between donald trump and vladimir putin. jason: we compare and contrast the two world leaders, arguably the most important world leaders, on style and substance. carol: they agree on some things. jason: marc champion puts forth the idea, are they natural partners? here he is. marc: in one way, it is an unrequited relationship so far. donald trump has had a fascination really for vladimir putin for some years. these two men are really partners. that might be the wrong word, but they are partners in that this culture war going on across the developed world, in the u.s., in britain with the populist leaders and various european countries. putin is very much on the side of the populists. he is very popular with the populists and the conservatives. he set up a similar story. there is a sense that he has a lot more in common with putin in the way he sees the world than he might h

carol: this is bloomberg businessweek. ♪ jason: welcome back to bloomberg businessweek. n kelly. carol: i carol massar. amyou can find us online at businessweek.com. jason: and on the mobile app. carol: this is a story that hasn't been told until now. bloomberg news covering a military coup in venezuela. jason: it was awarded. this was an attempt to get -- it was thwarted. this was an attempt to get nicolas maduro captured and on trial. carol: we have more. >> this happened last month in may. the goal of a group of military officers in venezuela was to stop the reelection of president nicolas maduro, which occurred on the 20th of may. they believed he was a n illegitimate ruler that the election was going to be fraudulent, and they had been planning it for more than a year. the idea was to get him, put him on trial, and start over with a new democratic system. this was a group of, it's a little unclear how many, there might have been several hundred, but the number of people who were arrested was just over 30. jason: and arrested before they could execute the plan. ethan:

jason: this is bloomberg businessweek. ♪ jason: welcome back to bloomberg businessweek. son kelly. carol: i'm carol massar. you can also listen to us on the radio. d.c. andn washington, a m naik 60 in the bay area. jason: and in asia on the bloomberg radio plus app. we go economics section, to sweden where highs taxation led to surpluses. carol: but they are under pressure because of welfare needs. jason: more from us. >> they are facing a lot of challenges because they have taken in so many refugees relative to their population, over 600,000 for a population of 10 million people. at the same time, there are other factors. people are living longer and the birth rate is very high. thato, this social network we all know about, right? everybody thinks about sweden and these amazing services. it's really being strained. weird anding a lot of interesting and troubling problems like what we write about. carol: i think that's a really good point. this is a pace where you play an incredible amount of taxes. you get all of these services. jason: everything we all talk about. youro

julie: bloomberg businessweek's max chafkin. , deepn read that great dive into the production of the ctory out in california in the latest edition of open bloomberg of "bloomberg-- businessweek" or online. prime, you to amazon saw some dogs instead. apparentlythe site spiked when the event began at 3 p.m. eastern time. this according to down detector which monitors trouble on websites. the estimates for spending on prime day, $3.4 billion, up more than 40% from the year earlier. when it crashed, there were pictures of dogs that are there and the message from amazon. perhaps it wasn't a total loss. the site is up and working currently. it was temporary in terms of those ledges. import and clarification there. it is time for the stock of the hour. sinclair broadcasting, shares tumbling on worst-case since 2009. the sec has rejected the plan for tv station sales -- the sec has rejected the plan for buying tribute. this is an important ruling. lisa: you are right about that. there is so much dealmaking in the media's race. but it goes back to last year when sinclair agreed to buy produce

you can read all about it in the newest edition of bloomberg businessweek. elon's inferno.ut tesla let's bring in jeff osborne. he joins us from san francisco. analysts are really not waiving the banner for tesla anymore. what's your base case scenario? >> we have some concerns on the production volumes hitting the targets to drive positive cash amount ofed with the initiatives that they have underway. writing from the china facility this week that was announced they will likely do something in europe. shopping list that elon musk wants to accomplishments close to $20 billion. our concerns are both on the ability to actually hit the volume targets as well as the ability to pay for everything. vonnie: have you had a chance to read this amazing businessweek piece? it begins with all of those types of things. creditunt of debt and downgrades. some very to reveal troubling things like health and safety issues. are those things that you have been concentrating at all or problem for the carmaker going forward? in terms of those types of externalities they're certainly an issue ar

that becauseup on bloomberg businessweek did write about that. the growingays, might of china's tech sector is at the heart of the growing trade war with the united states. the ceremony,ore 35sident trump released a page report blasting china for economic aggression that threatens u.s. technology and intellectual property, taking aim at everything from cyberttack's and -- toacks and threats, intellectual property theft. joshua: i think the administration expert arrived at this 301 report, detailing a lot of chinese practices that cost trying to enforce intellectual property rights in various other measures which are the u.s.. the clear question is what to do about it. the administration has imposed tariffs on a whole spectrum of chinese imports, which has focused on retaliation. this is not how the u.s. is going to get china to change its practices, and the united states really needs to develop new rules. the transpacific partnership was an important agreement that would have gotten a lot of what the was wanted in that respect. the other part is

bloomberg technology reporter dana hull, the latest in bloomberg businessweek on tesla. ext, u.s. companies in china plan to increase investments despite trade tensions. the american chamber of commerce president shows is why straight ahead. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." i am yvonne man in hong kong. ramy: u.s. companies operating in china plan to increase investment there. that is rising consumer spending and profit upset -- offset trade tensions. companies effect to boost investment led by tech as well as services companies. conducted before trade tensions started heating up this month. let's get more behind this with kenneth gerrit. good to see you here. we know this was taken about three months ago or so, but the investingre still despite what we're seeing here. that is because companies take a long view. from the beginning of the trump administration, there have been worries about potential bilateral trade tensions which have now become even more of a reality. companies have been focused on the long-term opportunities in china. in t

we spoke with an investment officer on monday, along with bloomberg businessweek's max chafkin in newk. >> the stock is down because of auto trade issues more than it is up because of tesla meeting the milestone, but it is up in the morning. and i think the fact they have now produced 5,000 model threes in the week is very powerful and very positive. >> the big question is, is this sustainable? all-nighters, tents outside the factory. 5,000 cars is a great accomplishment, but is this a company that can routinely make 5,000 model 3's every week? >> i believe they can. i believe the factory has more than enough capacity. they are in a facility that once produced over 1,300,000 cars when it was a gm factory in the '70s. so more than enough capacity. plus today, they have one of the most advanced auto assembly lines ever made, so i think they will be able to sustain production level and takes tesla to the next level from a niche car producer to a mainstream auto manufacturer. >> max, you have covered tesla four years. elon musk tweeted on his 47th birthday that he had spent the night in t

carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. up in this week's issue, a question. can the republican party survive a trade war? jason: we also look at the conflicting relationship between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla. jason: elon musk has made a lot of promises. can he live up to them? carol: building a car turning

. ♪ >> welcome to "bloomberg businessweek." in this weeks issue, a question.republican party survive a trade war? jason: we also look at the conflict it is relationship between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla.

welcome to "bloomberg businessweek." a future with robot taxies. a pioneering driverless startup.st buy may be thriving. atwe will take a look pr

carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i am jason kelly.ming up in this week's issue, a future with robot taxies. we will introduce you to a pioneering driverless startup. jason: and how best buy is surviving and may be driving in an amazon world. carol: first, we start with a cover story. we will take a look at president trump's trade policies. jason: we look at the applications of the policies around the world an

welcome to bloomberg businessweek. i am carol massar. jason: i am jason kelly.nspiracy to put a president on trial. in europe, contemplation on what the continent will be like without angela merkel. jason: and we go digital. we look at something happening all around the world, cash getting stolen using the internet. caro e

carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelly.ing you in new york. carol: this week's issue is about the space race. jason: it goes back to money. billionaires are pouring money into the space race.

josh green of "bloomberg businessweek,"cbancy cordes of news, and vivian salama of "the wall street journal." ana, is great toave you here at our roundtable. the president took a lot of edit today f these growth numbers. can he take credit for this economic growth? ana: that's right, he did. in general, i think presidents tend to take too much cre tt in goes and in bad for the cycles that the economy goes through. we arey seeing v strong growth right now. 4.1% in this quarter, and g.d.p. erowth this year could rise to 3% for the first t in over a decade. so those are very strong numbers for theresident. on the other hand, the question is, how long do these numbers last. i think some of this is the effect of the tax cut and economists see that fading somewhat into next year. and then also we had some very interesting numbers with trade, as well, with the trade tariffs increasing growth nowot butn the way that the president probably wanted. actually pulling forward purchases so people were trying oo buy goods ahead of those tariffs going iffect so that's likely to drop off, as well, in coming

. >> i see the image of the inanese with a 2 by 4 bloomberg businessweek. thank you very much. you can get a roundabout the stories that you need to know to get your day going on daybreak. mobile also available on . you can also customize your settings to get information on the assets that you care about. this is bloomberg. >> welcome back. and you areydney watching daybreak australia. targeting becoming the high-tech superpower and the industrial leaders are taking us. one of the largest copper cable manufacturers is turning to electric cars as the founder and chairman tells us that he plans to push into the crowded market. the far east group has been in industrial leader in copper cable production for a couple of decades and we now need a strategy to become a leading player in the smart energy and city business. we have a history of 110 years and we have built a lithium 2700attery and it produces batteries that are compatible with tesla cars and we have invested in lithium mines. much are you investing in the battery space and what is the opportunity you see? that, we have in

fromng me now is peter bloomberg businessweek. 10-year yield has not seem to work for mr. kuroda. -- absurdlyernment low. rue thatrough that -- tu japan has not succeeded in the goal of getting the economy stronger and inflation higher. the bank of japan has the goal of getting inflation above 2%. shery: how may times have we talked about that? >> decades. according to the latest reports, the core prices that exclude fresh food and energy, only up 0.2%. that is nowhere close to the goal. the bank of japan is meeting next week, july 31. people will be wondering what they will say because we will be getting new explanations of where they think they are and where they think they are headed. will the bank of japan continue to assert that it is on track for 2%? people will think they are not in touch with reality. shery: that is made global trade tensions. import have lowered prices. that is not getting them anywhere closer to that goal. shery: we are hearing from the g20 saying that the u.s. should return to the transpacific partnersh

carol: welcome to "bloomberg businessweek." jason: we are at bloomberg headquarters in new york.ng up, we have a very special issue for you. jason: we are going all around the world looking at things getting lifted. carol: a reporter is really following the money trail on some high-profile burglaries around the globe. jason: bees, art, whiskey, so much to cover. carol: we definitely have to start in the u.k. jason: a blockbuster

josh is a reporter with bloomberg businessweek and, josh, i know you had been listening to the interviewanything about that surprise you given the events of the last 24 hours? josh: what you got to me was fascinating and that was the degree to which he seemed intent on bully king -- bullying companies in silicon valley saying they are riddled with bias. he is essentially trying to appoint himself or trump as arbiters of whether or not they are actually biased. if you look forward over the next year between now and 2020. we will see a lot of pressure from republicans and the white house trying to get these tech companies to bend to their will. that was really interesting to me. emily: give us a sense of how tough this guy's job is given a president who perhaps cannot be controlled and to retreat from his statements and test down on them in the very same sentence. josh: it drives a lot of staffers crazy. but not his campaign manager. he is used to rolling with the punches. if you hear the praise he gives to trump, that is the way trump likes to operate. -- he is is somebody somebody that b

max chafkin from "humbert businessweek," -- "bloomberg businessweek," thanks for weighing in.iring on all quarters. shares rallied as much as 5% in late trading. take a listen to google ceo sundar pichai on this call talking about the cloud. sundar: i think all of the major anders are seeing traction typically, when you look at enterprise -- even when you deploy and you have an architecture, you try to stay on it as long as you can. change is hard. but we have a case where the benefits are super clear and over time there is a tremendous cost to your business of being in the wrong architecture. emily: google ceo sundar pichai there are weighing in. we will have results from , all week longk here. that does it for the show. i am emily chang. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xf

. ♪ carol: welcome to bloomberg businessweek. i am carol massar. jason: and i am jason kelly. ou from bloomberg headquarters in new york. carol: this week's issue is about the space race. jason: there is so much going on talking tinyare rockets and drug therapies at the international space station. carol: we are also talking comment mining. jason: it goes back to money. billionaires are pouring money

in "bloomberg businessweek," for news reporters took a deep, dive look at tesla's production of the modelall of its grid and glory. elon musk has turned to robots and finery -- firing contractors and a big tent. our senior reporter joins us to talk about the different conditions faced with tesla workers. you spoke elon musk and he said he wore the same close five days in a row. what other insights did you hear from him? >> we've been watching tesla, and you know this is a company that is having a hard time, they tried to grow from making 100,000 cars he year to 500,000 cars year. elon told me this was an existential crisis point for the company. he said he bet the company now three times with the roadster, then the model x. then, he bet the company with the model three. he said this will be the last time the company has to bet and put it all on the line. what we decided to do with businessweek is rally all of our resources because this is a very polarizing company. so much so that it can be difficult at sometimes to get a beat on exactly where they stand. we wanted to find out exactly wha

carol: welcome to "bloomberg businessweek." jason: we are at bloomberg headquarters in new york. very special issue for you. jason: we are going all around the world looking at things getting lifted. carol: a reporter is really following the money trail on some high-profile burglaries around the globe. jason: bees, art, whiskey, so much to cover. carol: we definitely have to

. ♪ ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. adquarters in new york. carol: coming up in this week's issue, a question. can the republican party survive a trade war? jason: we also look at the complicated relationship, to say the least, between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla. jason: elon musk has made a lot of promises to investors and

. ♪ ♪ carol: welcome to "bloomberg businessweek." and carol massar. jason: and i am jason kelly. you with bloomberg headquarters in new york. carol: coming up in this week's issue, a future with robot taxies. we will introduce you to a pioneering driverless startup. jason: and how best buy is surviving and may be driving in an amazon world. carol: first, we start with a cover story. we will take a look at president trump's trade policies. jason: we look at the applications of the policie

emily: ivan feinseth and bloomberg businessweek's max chafkin, we will be plotting the road through production hell as elon has called it. grab his opening at cap to external developers and startups. into ant will transform everyday super app that encompasses everything from maps to food delivery. the ceo said the new services could push them beyond one but you know the revenue for the first time. the rollout against in singapore and indonesia. coming up, tech companies are targets of increasing calls for regulation. google and apple are next. why several members of congress are requesting details on third-party access, next. if you like bloomberg news, check out on the bloomberg radio app, bloomberg.com, and sirius xm in the u.s.. this is bloomberg. ♪ emily: out of that and apple are next in the congressional hotseat. both are facing questions about the privacy practices from republican members of congress. the news opens up for the questions about future tech regulation and industry deteriorating relationships with washington. for more, let's bring in mark covers alphabet. what do you make o

. ♪ ♪ >> welcome to bloomberg businessweek. i am carol massar. carol: i'm jason kelly.orget that this issue is all about heists. jason: jason: we jason: go digital and look at something happening al a

meanwhile, in the newest issue of bloomberg businessweek, we take a look at this writ and glory. to several designers and engineers, including elon musk. tom joins us now. this recount the last two weeks of the second quarter, with tesla cranked out 5000 model three sedans in a week. give us your understanding about how elon musk lost it on that earnings conference call? hard couple of months. he has described the past couple of months as some of the worst of his life. what we decided to do was merge our information to tell the story of the model three in all of its great and glory. there is so much stake here. they are doing these crazy moves and spending a lot of cash, but on the other hand, if they was -- if their college with a are setting out to do, they could be one of the biggest companies in the world and more than that, they could change the world. what we saw after taking a really deep look at this company was this is a company that is struggling and attempting to grow up. we saw that across all different parts of the company. is mostwhere that explicitly obvious is wha