athe barrels ando the entrepreneurs who are building their bourbon tourism businesses. >> bourbon isical moment rigin now. >> caind nicole stiff launched madson and gilman, a luxury tour company that specializes in bourbon experienceut they worry ahe trickledown effect of tariffs forcing the big bourbon businesses to contract and pottially putting the small craft distillers out of business. >> damaging bourbon's ability to reach a global audience is immediately going to damage businesses like us trying tot attrhose tourists. >> brown forema ownswoodfred reserve and old forester. it says china is important to its as american whiskey companies, the whiskey's dominant there, doubling their chinese market share in five years to 9%. in fact, globally, kentucky whiskey exports are skyrocketing, up 23% in just a year to $450 million last year, but now, 65% of those exports are subject toetiatory tariffs and for tiny distillere ss which has just launched its international business, there'sot a of uncertainty. >> i have two boys and hopefully they want to be distillers. we're not just buildin

jason: bourbon. the stolen bourbon. $100 a pour. a big scandal around it being lifted, but maybe it wasn't lifted. amazing. more bloomberg television starts right now. ♪ phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. nejra: feeling stressed? coming up, we talk about why most u.s. banks managed to pass the fed stress test and how healthy the banking sector is. mifid winners or losers. have the new european union rules achieved their goals and what the trading landscape looks like. and, we talk the banking union and chances of more integration. welcome to "bloomberg markets: in rules & r

jason: bourbon. the stolen bourbon. $100 a pour. a big scandal around it being lifted, but maybe it wasn't lifted. amazing. more bloomberg television starts right now. ♪ announcer: the following is a paid presentation for theraworx relief with dr. drew pinsky. dr. drew: if you are one of the millions of americans who suffer from muscle cramps in your legs or feet, relief is finally in sight. hi, i am dr. drew pinsky. and today i am here to share some news that got me excited when i first heard about it. it is called theraworx relief. this life-changing product is clinically proven to quickly relieve the discomfort of muscle cramps and also prevent muscle cramps before they start. now the word "breakthrough" gets

jason: bourbon. the stolen bourbon. $100 a pour. a big scandal around it being lifted, but maybe it wasn't lifted. amazing. more bloomberg television starts right now. ♪ david: you wanted to go into technology banking. robert: like all things, in the land of the blind, the one-eyed man is king. david: were there a lot of african-americans in the technology area at that time? robert: very few. [laughter] robert: very few. david: what propelled you to say i am going to give this all up and start my own company? robert: very few software companies were actually efficiently run. we took the kernels of best practices. david: you became very involved in philanthropy. robert: philanthropic endeavors were a part of my family and my family dynamic. one thing we have to do is ensure our society is a just society. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

bourbon -- high end bourbon.aces can't even get pappy van winkle. aboutne was worth $126,000. if you were to go to a bar that carried this, their 23-year-old vintage was getting $100 per port. not per bottle. if you wanted one poor, it was 100 talks. a very premiumd bourbon and might be the target for theft. this rocks the world of bourbon drinkers everywhere from bars in brooklyn to front porches down south. >> that is what happens. what is amazing is this happens in 2013. about a year and a half goes by. there is no news or movement on this. local authorities in frankfort, e, that is where the buffalo trace distillery is. that is where they make pappy van winkle. they get a tip. local authorities traced this to a guy named tony. they were poking around in his premises. they see these huge barrels of bourbon in his backyard. they look on his phone and he has pictures of bottles of pappy seat.nkle on his truck he is arrested and is actually jail forg 15 years in the stolen bourbon. what he says in his backyard wa

considered very high and bourbon.ell-known. most places can't even get pappy van winkle, it's so hard to find. that's why the theft of 200 bottles made headlines. it was valued at $26,000. if you were to go into a bar that carried it, there are 23-year-old vintage was getting $100 her poor. not per bottle. it was considered a very premium bourbon and thus, might be the target for theft. jason: news of this alleged theft rocked the world of bourbon drinkers everywhere across the united states from bars in brooklyn to front porches down south. bret: that's exactly what happens. what's amazing, this happened in 2013, a year and a half goes by. no news, no movement. in 2015, local authorities in frankfort, kentucky, they get an anonymous tech. this authorities look into and they trace it to a guy named toby hunsinger, who starts poking around at his premises and see huge barrels of bourbon in his backyard. immediately the you think you found the guy. and they looked on the phone and he's got pictures of wattles of -- bott

around the world bourbon is booming.merican whiskey has doubled its share of the chinese market between 2012 and 2017. it's at 9% it's really chipping away at the share of scotch whiskey. many distillers both large and small are making strategic plans for growth based on global expansion. kentucky peerless distilling facing uncertainty with only 20 employees, just launching its international business and hoping to sell in seven countries in the next couple of years. >> i think it is going to change things a bit i'm building warehouses. i constantly have additions going into the distillation equipment, bottling line to think there's a chance we will not be able to utilize everything we're putting forward is a problem >> it's not just the distillers. u.s. chamber of commerce has 17,500 jobs in kentucky depending on the whiskey industry, that's farmers, glass suppliers, tourism the coopers who make the barrels. the kentucky distiller's association suggested that the trump administration sit down with our trading partners ov

by how hard will eu tariffs urban -- bite bourbon? for the largest bourbon distillers in the u.s. shery: u.s. stocks close lower on the shoulder trading day ahead of the fourth of july holiday. with all the volumes ahead of the holiday how the dow closed .5 percent lower while the s&p 500 was pulled down by tech and financials. saw 10als fell as we year yields retreat and the nasdaq also down .9% as we saw software companies weighing down on the index. we are now seeing the dollar continuing to weaken and those in long positions being trimmed ahead of the holidays. the yuan strengthening the most against the dollar since may. if you take a look at the chart, despite speculation that in a trade war, china could devalue the currency, we have seen the unsure youan -- the to alignte continuing with dollar strength, in line broadly with other currencies and of course we had the governor warning that china will keep the yuan stable. amanda: perhaps another victim of the ongoing trade dispute, micron shares took a tumble today as rival umc i

and, you know, we'll take bourbon for a moment since my good friend and i both are into bourbon.t, in my case i drink it the fact is if china was allowed to put the name kentucky bourbon onto bourbon and sell it, he would have a very different situation as a district. which is they'd be destroying his market around the world, potentially, with the dumping in order to grab that $8 billion market and i think that's one of the challenges is not to look at winners and losers by districts. not to look at it by industries. but look to it as americans broadly. and that's going to be one of the challenges is we can't be for it because we have an aluminum operation we can't be against it because bourbon is protected as a name for kentucky and tennessee >> let's talk about this, congressman issa we have spoken with lots of people including the head of the national association of manufacturers today who say they still think this is a negotiating tactic is that what you think this is and let's get to where you think the end game is. >> the end game has to be exactly as a -- n.a.m. would have

>> it is gone. >> there's no more bourbon here. time to go it's friday.being here. thanks so much for watching "power lunch." "closing bell" starts right now. >>> it is time for "the closing bell." big banks kicking off earnings today and the stocks are underperforming. we'll talk to the cfo of wells fargo in a first on cnbc interview. >>> i'm michael santoli. at any time downgraded today >>> i'm wilfred frost in london where it has been a roller coaster day for the president. he started by undermining his host the prime minister and then backtracked and promised her a free trade deal. onto tea with the queen all against the backdrop o

tracee: thousands of barrels of kentucky bourbon shattered after bourbon factory collapses.or friday's job numbers. we would get a really good report. u.s. stock index futures right now. continuing decline. dow futures up by 118. s&p 500 up by 14.5. you are watching "fbn:am." ♪ cheryl: welcome back. let's get you caught up on what's happening now. margaret took an strong after taking the day off yesterday for the july 4th holiday. the dow up 126 in the premarket. s&p down 15 and a quarter. nasdaq up 37 points five. today may be a different story, though. cheryl: police in brazil arrested and had general electric and latin america as part of a corruption investigation into an alleged health care cartel. operate more than two decades. prosecutors accuse him of taking part on the cartel before he joined ge. chairman and cofounder of conglomerate h&h group has died after a fall in france. he was 57. visiting a church when he stood on a wall for a photo before losing his balance and falling more than 30 feet. they cofounded more than two decades ago going into one of china's larg

one of my books is on the history of bourbon street. what i said. >> what do you think changed for you? >> in studying this phenomenon of bourbon street today, i realized tourism and visitation that everything that goes on in bourbon street, first of all, has deep historic precedents, and in and o itselff is a legitimate cultural expression. ago,u were here 200 years there was an economy catering to escapism and hedonism and drinking. bourbon street is the modern-day manifestation, the clever repackaging of those historical realities. when you think of it that way, suddenly you are a little bit less likely to criticize those things. st. anne'sng down street. this will get us to one of the most well preserved urban plazas in the nation. the spanish were here for 35 years or so. what we see are two circle 1880 apartments. you will see the st. louis cathedral, and what was the city hall during spanish colonial times, and the main plaza. it is well preserved from about 1850 on. very symmetrical, filled with street life, artists, buskers, pe

what does it mean for the bourbon industry i'll coming up on "closing bell." with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> welcome back to "the closing bell." we're up almost a percent on the s&p. the nasdaq and the best performing sectors are health care, technology and energy. the worst performing industrials are consumers, but all 11 sectors are high american whiskey has been increasingly popular overseas, especially china but new tariffs are threatening that growth. kentucky brewers just got the details. hey, contessa? >> hey there, michelle in louisville this town's eco

. >> bourbon. >> bourbon yep. >> and what. >> nass. >> harley davidsons. >> harleys, yeah. >> f now.okay. >> who knows. >> pretty soon they may be german. >> right. >> we hope not. >> there's a lot to be proud of. >>f course there's a lot -- look at you. got red, white and blue girl. >> exactly keep it coming. >> thanks, christie. >> you're welcome. >> okay, facebook. back ping over stance on country music group patriotic song. west coast band released i stand for the flag.la theyn to promote the video using paid promotion tools facebos o and facebook rejected their request citing vide political conte. take a look. yoit ain't got pick a side. you can le your fellow man, and still have pride♪ because we're all stitched tother, look a r, white d blue♪ it might be a little bit different, but we're all the same, too, because stars and stripes are so much more♪ than that old piece of cloth on grandma's pour: is that p reallyitical? it promotes a message ever patriotism not after a second look atus m odeve its decision. >> we're in e midle of a summer have a okay. maybe are you. i'm not. i

. >>> meanwhile there arear no more bls of bourbon on the wall at the -- at a kentucky distillery.t a co at the barto1792 distillery whi sent 9,000 barrels of aging bourbon crashing to the ground. >> on wednesday the rest of them fell. crews had been trying to shore up the seven story building after theune 22nd collapse much it's believed around bris.0 barrels are among thede got to pour one out> . an marine got a n home fr actor gary sinise and on of the only two marines that >> and he his wife and their six children were given a ailly furnished wheelch accessiblemart home built for them by the gary si'sse foundation. best known for his role as lieutant dan in forrest gump. >> that's nice. >> good for him. >> all right. a long fight over shorts ends in victory for drivers in france. the paris public transit authority has given drivers the right to wear shorts during heat waves. >> it comes afterea ys long battle over the issue. e themployees however must be infoed by the city when it's okay. it's oey between and september. >> did i ever tell you down south back inhe old day you co

when you put a tariff on kentucky bourbon, it's a gut punch to kentucky. >> kentucky is trump country safe to say? >> it is trump country, this is a state that went for trump, they've got two republican senators, the question here is will it stay trump country in the midterm elections and what they're hearing on the street, some question now was this the right move for kentucky. people who were betting on president trump are maybe having a chance to reconsider whether that was the move. will we see a difference in the elections come fall? it remains to be seen. >> the line producer of the show who is from kentucky whispers kentucky went for trump, but the city you're in did not expressing that urban kind of rural divide we talk about so much. >> louisville. >> that's right. louisville is fairly democratic. it's very modern it's very complex. and very urbane, as you might imagine. so the political sensitivities here are somewhat more varied than you might find in dairy country just an hour away. i got to tell you, kentucky's being hit hard across the state. you've got autos that are be

i brought bourbon. >> stephen: okay.,. >> stephen: keep that flame away from me. >> so the cricket fried chicken is nice and crispy. look at that. >> stephen: that's already dusted in cricket flour. >> exactly. >> stephen: can i compliment your shrimp? i'm from south carolina and you don't have tails on your shrimp and that i admire because nobody back home would leave the hard tails on the shrimp. but you go to a nice restaurant and they will have a hard tail on the nice shrimp. why would they do that? it stabs you in your mouth. >> no, they shouldn't be doing that. that's wrong. we have a fried chicken here with cricket, absolutely, then we dump in our bourbon-salted shrimp, right? >> stephen: that i have same recipe at home except there's no shrimp. ( laughter ) >> and then we make a role. what do you cook at home. >> stephen: i like to cook shrimp a lot. i made shrimp and hominy, grits, the other night for my kids. >> nice. so we've got our shrimp and cricket chicken. >> stephen: okay. we're going to put a little bit

the bourbon that's in the shelves right now was produced six, eight, ten or 12 years aig. be looking to see how much inventory they have in kentucky. how much was designated for the overseas market and make a determination you know sometime in the next six months to -- whether or not they have to cut back on their production, which really then starts a trickle down effect that could impact the hard working farm families, the cooperages, the hospitality industry and you name it we have been building a great market in kentucky production is up 250%. we have heady to see this unexpected twist come our way. because it's kind of, you know, be a cold blanket. >> we love it here all arthro. >> bourbon with a wift. >> sounds good. >> eric, thanks. >> eric gregory. >> thank you. >> i used to king a football for a living now he kicks everybody else's you know what. >> behind. >> in the cnbc stock draft the question is will it reign last from kicker to picker joins us next live. -omar, look. [ thunder rumbles ] omar, check this out. uh, yeah, i was calling to see if you do laser hair

billion in sales for scott to last year, $5 billion in bourbon. will keep going. >> we are excited about the global whiskey market. out of 3 billion cases of distilled spirits sold around the world, whiskey in general is about 20% of that. it is the universally accepted premium spirit category. at around 475 million cases. is 27., by comparison, whiskey is an exciting category and scotch has had a tremendous lead on bourbon. now it has become very andetitive with americans other players, irish, japanese, canadians. we are all vying for a share of the expansion and the current share of the marketplace. it will be a lively next 25, 30 years. you aboutave to ask an unfortunate incident at one of your warehouses recently, that was much commented upon. heldf your warehouses that thousands of barrels of bourbon collapsed, so you lost a lot of product. there are questions about bourbon getting into the local string. we have's -- stream. we have some pictures of that. talk about how it happened and what are the repercussions for the company. >> these ware

she was talking to other people and when she turned back around, bourbon out ofmy a straw. yeah. reprimanded in a kind way but she made it clear that's not bourbon.rinks so maybe her next task, she chuck o teach me how to beer. it's such a pleasure to have susannah here. for a delightful presence. dynamic speaker. her book, "hood's texas brigade," a must read. ural.ah [applause] .> thank you chlt good evening, everybody. you for coming out tonight. this is the time of day when i'm home on my porch sipping bourbon so i appreciate effort to be out here. i'm going to set my stop watch if i don't, i'll have you here all night. i'm here mentioned, o talk about my book, "hood's texas brigade." study of ck to the units, military units, and kind histories.t unit have heard a you book -- she's had close analysis of civil war units that reaks away from the old tradition that's much more celebratory to one that blends history, a traditional analysis of these men in camp, of ields, and understanding command relationships and how that is essential to an ffective unit, but also one that brings

steel and aluminum tariffs are hitting american products ranging from holly davidson to blue jeans to bourbon for the united states biggest risk exporting tennessee it may mean hiking prices in europe and bracing for the hooves which is so reports. american whiskey in the firing line now that the european union has hit back against president donald trump with tariffs of its own companies like jack daniels are being forced to make sacrifices that could hurt their bottom line. i'm here in lynchburg tennessee home to jack daniels at the top we see it's more of a united states they said they plan to increase their prices until they send models for consumers in the european union and they're very that people are choosing what you think will forego the expensive american product and simply take cheaper. tennessee strongly back to trump in the twenty sixteen elections that's. likely the reason distilleries here are feeling the brunt of europe's response as brussels turns up the pressure on places the republican party needs to win in the upcoming midterm elections. now the few hundred residents of ly

and the eu slapping tariffs on bourbon, motor bikes this resulted in harley davidson announcing its moving some production to europe and canada responding with $12 billion worth of tariffs against the u.s. went into effect last sunday on steel, whiskey, and other things the next round of tariffs could spark a larger international response the trump administration will start imposing 25% duties on 818 items of chinese imports worth $34 billion. china warned it will strike back targeting a number of agricultural goods from politically important states, the other big tariff battle, the potential u.s./eu auto tariffs president trump threatened to impose a 20% tariff on all car imports from europe. we'll have to wait and see how it shakes out. >> it's july, but you're so busy on this beat we'll need you for -- there's a lot of other beats coming. >> perhaps cryptocurrencies? >> no the jobs report tomorrow pompeo is headed to north korea. then this putin thing is coming back out >> july 16th. >> which putin thing >> i will tell you that's what i wanted to ask. the news cycle, it's getting shorte

chocolate chip pancakes, bourbon peanut butter. he did after this carbo load. >> anthony: if we're doing the elvis experience right, i should be eating a fist full of percodan with that. >> anthony: yard bird's signature fried chicken comes with chilled spiced watermelon and cheddar cheese waffles. they brine the chicken 17 hours to be exact. and spicy bath that includes cayenne, and black pepper, and garlic and onion. tender inside and perfectly crispy on the outside. >> anthony: to me, i like waffles and i like chicken, but i don't understand waffles and chicken together. >> questlove: you still don't understand? >> anthony: i understand people deeply love them and i do like waffles and i do love fried chicken. put them on separate plates and i'm okay. >> questlove: you don't want your food integrated? >> anthony: shrimp and grits, a southern classic made with florida shrimp, virginia ham, and south carolina stone ground grits. >> anthony: i was reading your book. is it curtis mayfield you have bad associations with? >> questlove

on the list of target, bourbon, bikes, blue jeans and even the beloved maine lobsters. so, could we do a reposition in a different direction here because zero tariffs, for example, if we looked at autos, would be a victory for free trade and fair trade and maybe get us in a position where our allies are on the same page and when we talk to our allies in the eu, and our largest export market, canada, are we reiterating zero tariffs as the goal? i would think that that might be a first and second option in order to try to advantage a way to get us together. >> we are advocating no tariffs, no tariff barriers, no subsidies. it's a package all together. we are advocating growing exports for u.s. companies so they can compete fairly and if we have fair trade, we will increase exports significantly and we won't have the out-sized trade imbalance that we have. >> and i would think that that outcome would also give us a position with our allies where if we can set high standards, they can then maybe do something collectively to discuss the problem with beijing's lack of followi

of that, 200 million dollars was exported to eu countries, where the market for bourbon has been growingrecord levels. an extended trade war would not only harm that iconic industry but also the kentucky farm families, suppliers, tourism, and higher prices with limited availability. similarly, companies and workers in the auto industry are facing steep international competition for jobs sales and innovation that has been intensified by the ongoing tariffs. the 30-year-old toyota plant in my district in georgetown, kentucky is the largest toyota manufacturing plant globally. it employs 8000 team members who -- who produce 550,000 vehicles and engines last year. toyota has told us that the tariffs have negatively impacted their supply chain. for example, the price of rolled steel is up 40% and the current price increase for engine and transmission parts is close to 20%. i know that you, mr. secretary, and the president, fully appreciate this does not implicate national security but i want to ask you if the administration has plans to an mitigate the negative impact of retaliatory tariffs i

you check in as a guest of the hilton hotel, tonight, with 2,000 rooms, and you ask how to get to bourbon and branch, this well renouned bar all over the world, you'll be handed a map, and that map will direct you to go up to geary street, follow along geary street, make a left onnons to completely avoid the subject site because it's a treacherous block. this site has been a blighted area, and it's just simply not safe. it is a beautiful building, this church, but at some point, we have to stop looking at what's there and do something with it. it's never going to be viable without adding housing, and we need housing, and more than anything else, we need public safety for the people that need to get from the lower end the o'farrell street to the northern end of o'farrell street. so i would, again thank you for taking into consideration all the points that have been made. thank you for your service as commissioners. i would urge you to support this project, and i think at this stage also go into the institutions -- and i just want to let you know that the christian science movement in san f

. >> people were on bourbon street looking for the zipline. >> yeah.aybe someone should think of that. >>> coming up, our action-packed tom cruise exclusive. >> quite extreme. >> motorcycle chases at 100 miles per hour, hanging from a helicopter at 2,000 feet and the groundbreaking stuking stunt th actor has ever pulled off. >>> then, kylie jenner's face doesn't look like this anymore. her new plastic surgery surprise. >>> and -- paula abdul back on tour at 56. her keys to surviving life on the road. >> she danced the entire time would be ridiculous. it was ridiculous within i w why did i want a crest 3d white smile? dinner date...meeting his parents dinner date. so i used crest. crest 3d white removes... ...95% of surface stains in just 3 days... ...for a whiter smile... that will win them over. crest. healthy, beautiful smiles for life. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? new cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's cl

. >> people were on bourbon street looking for the zipline. >> yeah.aybe someone should think of that. >>> coming up, our action-packed tom cruise exclusive. >> quite extreme. >> motorcycle chases at 100 miles per hour, hanging from a helicopter at 2,000 feet and the groundbreaking stuking stunt th actor has ever pulled off. >>> then, kylie jenner's face doesn't look like this anymore. her new plastic surgery surprise. >>> and -- paula abdul back on tour at 56. her keys to surviving life on the road. >> she danced the entire time would be ridiculous. it was ridiculous within i w >>> "e.t." has the behind the scenes look at christopher robin, live-action of the [amateur saxophone practicing] as a parent you're supportive of whatever it takes for your kids to be successful. part of that is making sure they have a nutritious breakfast like carnation breakfast essentials with protein and 21 vitamins and minerals. after all, there's nothing like watching them grow. [applause] carnation breakfast essentials. good nutrition from the start. now a foundation st

. >>> it was bad enough when part of a bourbon warehouse collapsed in kentucky almost two weeks ago, sending about 9,000 barrels into the ground. but look at this, the rest of the building came down today at the barton 1792 distillery, toppling another 9,000 to 10,000 barrels. workers have created a berm to prevent leakage into a nearby creek. >>> when we come back, our nightly snapshot. we'll meet a young man who would feel right at home back in 1776.if you )r fireworks tonight, be warned. you could get in trouble, even in the town where ent, outside a bay area building. next. >>> finally tonight, our nightly snapshot. for many 7-year-olds, july fourth is all about parades and fireworks. but for one boy near philadelphia, the 4th is all about the founding fathers. in fact, every day is. here's kristin dalgren. >> reporter: at philadelphia's museum of the american revolution, you'll see george washington, alexander hamilton, and oliver. >> hey, oliver. >> hey, oliver! >> reporter: oliver thebold dean may not be a founding father but the 7-year-old is a fixture here. he's visited clos

items european union targeting bourbon, orange juice and motor bikes, which led harley davidson to move some of its production out of the u.s canada responding, as it was the hardest hit by the steel tariffs, $12.6 billion on steel, whiskey, condiments among other items. some of the major items. overall there are hundreds of individual u.s. products being subject to these tariffs and this conflict is about to enter a new phase tomorrow as eunice was just pointing out the u.s. readying $32 billion in chinese imports as punishment for theft on intellectual property they could follow up with another $16 billion on u.s. tariffs. potential targets. >> seema, thank you very much. china expected to respond immediately to those tariffs set by the trump administration, as eunice reported, u.s. hog producers are anticipating a major hit to their bottom line the owner of the mashoff, third largest pork producer in the country. ken, welcome good to have you with us. >> thank you, tyler. >> how much, if these tariffs all do go into effect, how much will it cost your business this year >> well, for o

have to do it we will now impose tariffs on motorcycles harley davidsons on blue gene was levis on bourbon we can also do stupid we also have to be this stupid complete except that it can't do is impose you the letter of measures when it comes to. create. shortly after trump imposed the tariffs on steel and dollar million from the european union asked to be exempted from the levies but was delighted ben introduced a tit for tat tower if son u.s. products including motorcycles and jeans. and as many european leaders have already met with the u.s. president they might have some good advice. thank you very much but the state if we can just rely on the superpower of the united states it's all natural for many decades the united states of america sees itself as a regulatory policy for the whole world. is no longer the truth in the future and. i. think the you know once you get to work something out there we do work it out that will be positive and if we don't it will be far short of also if we don't know what you're thinking about those cars are far and near all of those other. thank you. thank

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that country is imposing unilateral measures when it comes to. create. wealth mr young goes looking for inspiration before his meeting with donald trump it could lead to some of the european leaders who have already met with the u.s. president. luke you the benefit of the species we can't just rely on the superpower of the united states but it's all natural for many decades that the united states of america sees itself as a regulatory policy for the whole world. is no longer the truth in the future and. i. think the e.u. they want to see if they can work something out there we do work it out that will be positive and if we don't it will be positive also if we don't know what you're thinking about those cars are far and near all of those out of that. thank you. lou thank you. thank you. ily. q. q. q. thank you. that's a wrap up of the day's top headlines for now but i'll be back in about thirty minutes with more.

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that it can't we shouldn't push you the letter of measures when it comes to. create. a mystery and there is seeking inspiration before his meeting he could lead to some of the european leaders who have already met with the u.s. president. cuban but the speakers will come just relying on the superpower of the united states what is natural for many decades the united states of america sees it as a regular column for the whole world. is no longer the truth in the future. of. the t.v. you really want to see if they could work something out there we do work it out that will be positive and if we don't it will be for the world so if we don't know what you're thinking about the cars are already here one of those out of a. few a. few a few of. the . jury q thank you. thank you. q. thank you. thank. you thank. you. all right let's go live now to c.m.c. markets a list david martin for his insights on what is unfolding tod

the bourbon business is booming. big and small across the state are making international exports a huge, crucial part of their growth strategy more than 17,000 workers who rely on the whiskey industry have shared in its success coopers and grain farmers and bourbon tourism businesses is just on fire america sent nearly $9 million in whiskey to china alone last year over five years doubled its market share but the distilled spirits council says the 25% tariff will just put the brakes on the success story. >> there's a big fear that when all these tariffs take place, or as these tariffs take place that the larger distillers will withdraw from their foreign efforts and focus on domestic efforts. that will at the end of the day be kind of a price slashing situation. >> and if smaller craft distillers are forced to compete on price, they worry the problems will really bubble up for them so they're facing not only the tariffs from china but of course also from canada, mexico and the european union the real question now is

have to do it we will now impose tariffs on motorcycles harley davidsons on blue gene was levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that it can't use impose unilateral measures when it comes to. create a. company pose those tariffs on steel aluminum siding national security concerns the e.u. asked to be exempted from the measures that was denied it then introduced its own duty on american products including motorcycles and jeans. and if mr youngers looking for inspiration before his meeting with donald trump he could look to some of the european leaders who have already met with the u.s. president. thank you very much but the speech was just too long the superpower of the united states was told natural for many decades that the united states of america sees itself as a regulatory column for the whole world. is no longer the truth in the future we've . got. the d.v.d. you really want to see if they can work something out so that we do work it out that will be positive and if we don't it'll be hard for the world so if we don't know what you're

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that it come to push you lots of measures when it comes to. create. well we spoke to market analyst david martin he believes that although the meeting will be a boost the positive for the u.s. president he doesn't expect either leader to back down on the issue of tara. looks good for president trump that mr yoker is going to the white house is not a solid tariff it kind of it for some point of view it looks like the. thing to him which it also could do is to his ego i think the president wants all of us to come to the united states first of all lower their barriers cut their tariffs both sides are talking to authenticate i think mr yoker is going to talk with the child down from actually going down that route. and if junko younger is seeking inspiration before his meeting he could do worse than look to some of the european leaders who have already met with the u.s. president. q the end of the speech if we can ju

tariffs are still in place on goods like harleys, bourbon and orange juice, and laundry equipment like washers are up 18% since tariffs were announced. kendis. >> janai, we'll be watching the president's reception in iowa today. thank you. >>> to capitol hill now and the secretary of state mike pompeo defending president trump while facing a barrage of questions and criticism about recent summits with russia and, of course, north korea. the republican senator bob corker of tennessee told pompeo that lawmakers have serious doubts about how the white house is conducting foreign policy, and in a contentious exchange, new jersey democrat bob menendez demanded details on the private two-hour meeting between esenp . >> and i really don't know much more about the summit after sitting here for three hours than i did before. >> i understand. i've now been here three hours and you're making -- you've got a political soliloquy. >> no, you know what, i've listened to your political soliloquy as a secretary of state sitting at that table demeaning some members here because you said that senator sha

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid earlier i spoke to economics writer jeffrey albert who believes that trump is not interested in compromise. as a convinced economic nationalist he does not want free trade is tweeting out now terrorists are the greatest terrorists are the greatest i think this phrase is going to go down in history as being a catastrophic ideological opinion what he's doing right now is extremely dangerous he is not interested in any kind of compromise and all this rhetoric. is just bluster about how you want so you're up to end subsidies he said this on the same day that he's subsidizing u.s. farmers for twelve billion dollars to make up for their losses because of his tariff war that's what's going on right now and it's a calamity for america and so miserable for producers and really it's affecting the entire world and just before we go in fact if it is seeking inspiration in his meeting he could look to some of the european leaders who have alread

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that it can't which is imposing unilateral measures when it comes to. create. if mr younger is looking for inspiration before his meeting with donald trump he could look to some of the european leaders who have already met with the u.s. president. thank you very much but the speech was just to long as you told the united states which is most natural meant exactly the united states of america you have a regular column for the whole world. you know you tell the truth in the future you . think t.v. you really want to see if they can work something out there we do work it out that will be positive and if we don't it'll be positive also if we don't know what you're thinking about the stars are far and near one of those other. we've. elected. thank you. thank you. thank you. thank you. thank you. thank you. the u.s. senate has revealed this year's defense policy bill that puts conditions on u.s. arms sale to saudi ara

but we have to do it we will not impose tariffs on motorcycles davidson's on blue jeans levis on bourbon we can also do stupid we also have to be this stupid. except that it can't be imposed unilateral measures when it comes to. create. now mr younger is looking for inspiration before his meeting with donald trump it could lead to some of the european leaders who have already met with the u.s. president. but obviously if we can just rely on the superpower of the united states what is natural for many decades the united states of america has a record for the whole world. is no longer the truth in the future. i. think you really want to see if they can work something out that we do work it out that will be positive and if we don't it will be positive also if we don't know what you think about those cars or foreign help us out of it. more global news after a short break. the pleasures pause is guaranteed returns that is being abused by the crooks are guaranteed to shovel it a lot of toxic garbage that is ending up is a guaranteed job because at the end of the day a lot of these pension acco

orange juice and levi's jeans also in a blow to european liquor aficionados and american distillers bourbon whiskey has become costlier from lisbon to warsaw thanks to you retaliatory terrorists twenty five percent price increase is going to put us really expensive compared to other products that are already available in europe made by either european producers or indian or even japanese producers the kentucky distillers association urged trade negotiators to quote sit down over a glass of our signature spirit and resolve their differences. also to come on counting the cost ticket to ride a u.k. court grants a temporary license to operate in london or criticizes what it calls the company's gung ho behavior. of first there's a europe wide shortfall of carbon dioxide why does that matter well c o two is the gas that's used to put the fears into beer and soft drinks it also helps extend the shelf life of meat and other packaged foods it was reported last week as the worst supply situation to hit the european carbon dioxide business in decades adding the u.k. is the hardest hit country a kuwait

. >>> it was bad enough when part of a bourbon warehouse collapsed in kentucky almost two weeks ago,ng about 9,000 barrels into the ground. but look at this, the rest of the building came down today at the rton 1792 distillery, toppling another 9,000 to 10,000 barrels. workers have created a berm to prevent leakage into a nearby creek. wh we come back, our nightly snapshot. we'll meet a young man who woult feel rig at home back in 1776. . metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your do

we will be a bourbon saint petersburg in just a moment but here is adam was the story of the match.the final stop on their world cup journey. not england the final stop on their world cupjourney. not the destination where they wanted us all to end, not the game in which anyone really wa nts to end, not the game in which anyone really wants to play. yet pride, passion still comes plenty. while thatis passion still comes plenty. while that is true for england so true is it for belgium. inside four minutes ago, a lead. this clearly still matters. 0ne ago, a lead. this clearly still matters. one player was suspended for the semifinal and this a belated offering of amends. england's best chance fell to harry kane. england captain unable to make a final goal scoring contribution. still, this is a young england team his exploits continue to inspire. at one nil to remain. eric dyer the one forward, brilliant opportunity, so close when it mattered most, agonisingly for england, the tale of the tournament. that the breathtaking brilliance of jordan pickfords denying second. but even he had no

but we have to do it we will not impose tariffs on motorcycles davidson's on blue jeans levis on bourbon we can also do stupid we also have to be this stupid while before meeting president trump it may well have done well to seek advice from other european leaders have met the u.s. president take a look at this. but the speaker can't just rely on the superpower of the united states what is natural for many decades the states of america sees itself as a regular for the whole world. is no longer the truth in the future i. think the you know want to see if they can work something out and if we do work it out that will be positive and if we don't it will be positive also because you know what you think about those cars are already here and all those other. well to discuss today's developments let's bring in wall st louis michael hudson to the program michael you're very welcome so the u.s. the e.u. agreed to set up a working group to move toward zero tariffs how much of a breakthrough is this i'm not sure what it means because it was all just basically ideals about nice it would be not there

we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid. junkyard younker is seeking inspiration before his meeting he could look to some of the european leaders who have already met with the u.s. president. q. the benefit of the species we can't just rely on the superpower of the united states which is both natural and man a donkey the united states of america sees it as a regular column for the whole world. is no longer the truth in the future. of. the t.v. you really want to see if they can work something out there we do work it out that will be positive and if we don't it will be far short of also if you don't know what you're thinking about the cars are already here local so that. we've. got a. few a few of. the. jury duty thank you. thank you a few we've. with. you we. are. deeper into this whole thing on go live to economics writer on libertarian jeffrey albert jeffrey is the executive editor of the law say for books on is looking splendid tonight i have to say and jeffrey what ar

the eu vows to strike back at tariffs on bourbon and motorcycles. that caused harley to shift production overseas. it could hurt harley bottom line. earnings reports are expected this morning. >> u.s. cars are imported cars because of how much they use from mexico in particular. >> all of the global supply chain for the cars over the 25 years is sprawling. you look at the german automakers. they export cars made in the united states. exported out. >> massive. >> not so simple. >> it is not. >>> the president's all caps tweet on iran is a silly diplomacy says a top official in tehran. how they responded after severe consequences. >>> the president's been, i think, pretty strong since day one in his language toward iran. he was responding to comments made from them. he will continue to focus and safety on the american people. >> the white house defending president's all caps tweet to iran warning of dire consequences if the u.s. is threatened again. the president calling on the iranians to be cautious. the foreign minister firing back with color us un

reciprocal market access but the eu retaliated hitting the us with higher tariffs on motorcycles and bourbonesponded targeting us ag products including corn, pork and poultry but administration officials insist short-term discomfort will be outweighed by increased fairness were american workers. the us census bureau reported the us goods and services deficit was $43 billion in may, that is down from april. >> these trade issues didn't occur overnight. donald trump is determined to have free, fair and more balanced trade. >> the administration is touting robust jobs outlook with 3.2 million new jobs created since the president took office at near record low unemployment. >> this is happening when we expect to see the president of the european commission come into the white house, set up for wednesday, no doubt hoping to tempt down the budding trade war. i am kevin cork fox news. >> just about 9 minutes after the hour, fire and fury, donald trump trading threats with uranian regime and putting them on notice, will the tough approach work this time? counterterror expert aaron cohen says donald

you've got levi's and bought —— levi's and bourbon affected.financial help to firms who could potentially be worse off. even people within his own party have said that's not the way to do this because then you are selectively choosing jobs and industries to protect, and that's not going to work in the long term. you're right. it's the $12 billion he's mentioned he would provide in aid to farmers. the best quote i saw is that this was 12 billion gold on crutches for farmers who have had their legs cut off. it doesn't solve their legs cut off. it doesn't solve the problem. but it indicates is this could be a protracted fight and he has no intention of stepping back. what he's trying to do is facedown any backlash that may occur from a domestic company. thank you. still to come. the personal touch. a british company specialising in personalising kids clothes is on the up after some royal help. we'll explain more in a few minutes. you're with business live from bbc news. itv has announced profits of £265 million for the first half of the year, but

you have andy barre in kentucky saying the bourbon makers are being hurt by retaliation in europe. we have many companies complaining about high prices. >> we think a better trade agreement with the european union will benefit every american. we respect members of congress. it's remarkable to think about all of the progress we have made has been a partnership with majorities. it's an unprecedented level of democrat obstruction. it's amazing to think in the last year and half we have faced more filibusters called by chuck schumer and the democrats in the senate by a factor of four times more then any administration going all the way back to the carter administration. we respect members of congress. we respect them standing up for interest in their district. we are grateful for the support they provide and re -- remain confident that it will win for their districts. >> the lack of democratic support brings you to my next question. is this a ploy to remind the american people that yours is the party of tax cuts before the midterm elections. the truth is you won't get any democratic su