completelybe a board-centric process. but itrd is still key, is becoming more shareholder-centric. in the days we didn't like what was going on in a company -- amber three, this u.s. is good destination. for the last year and a half i've worked on deals with blue-chip is coming to the u.s. lastly, hostile transactions versus friendly. friendly are much more en vogue. we look at the biggest 25 unsolicited transactions over the last three years. only four were successful. alex: let me start with a few of these things. one has changed where hostile deals were more en vogue a few years ago. fronton the shareholder or the regulatory front? >> both of those things come into play. in the past, it is to be a ratio, now it has down a little bit. one, because of regulatory issues. if two management teams are rolling the same direction, it is easier to get regulation approval. down a little bit. one, because of regulatory number three, in terms of the shareholders, shareholders and targets are becoming more aware that the acquirer picks the timing, and they are sometimes opportunistic, and sh

from a pc centric company to a data centric company.esultsormance brought that demonstrated our ability to capitalize on that opportunity. we know that we need to continue to deliver. and we expect to continue to deliver. we raised our second half outlook by $1.3 billion. we increased our etf outlook i $.15 a share for the year. on we are going to focus delivering for our customers. we know the results to our shareholders will follow. caroline: we will see us, indeed, they do. thank you so much, the cfo of intel. julia: great interview. that was caroline. we want to reiterate some of the numbers in case we caused confusion. the data center revenue was $4.4 billion and they did eat in terms of the overall revenue, the second quarter at $4.8 million, the estimate 14.4. estimate $.68, scarlet? scarlet: don't hold your breath for healthy tobacco stocks. british american tobacco as well. that is up next on "stock of the hour. this i scarlet: "what'd you miss?" tobacco stock investors drilled at midmorning when the fda was looking to cut ciga

poland's oldest model is challenging youth-centric culture.ys, it is so that i give my generation hope to live the way they wanant to livive. more on n her story, comomingp later in the show. a young woman in france has so

as you know, historically we've been a pc centric company and over the last several years we've been migrating to what we call a data centric company at a time when the demand for high performance compute is as high as it's ever been, and that's what we're focused on. that's what we've been executing against and after a record 2016 we delivered a dynamic second quarter and launched the products going into the second half of the year so we're really excited about the outlook and really excited about our performance and we welcome competition. it makes us stronger >> bok you guys have reinvented yourselves and if it's the case that amd and nvidia have advantage in processing power for some of the new applications, couldn't you throw money at it and catch up and would investors rather hear that than hear you say we're not worried? >> well, i would look about it this way we look at it as being a $200 billion market, and within that market, we have roughly had a 40% share and we see all sorts of opportunities to invest and grow and do it in a very disciplined manner, so we are investing a

poland's oldest model is challenging youth-centric culture.he says, it is so that i give my generation hope to live the way they want to live. more on her story, coming up later in the show. a young woman in france has so much faith in the new president, emmanuel macron, that she has abandoned her career as a veterinarian to join his party and campaign for it. justine henry believes in a new france. the increasing numbers of young people like her who are throwing their full support for macrons party in the upcoming parliamentary elections, could herald a paradigm shift for the country and unsettle the establishment. reporter: justine henry is exhausted but relieved that her efforts were worth it. for months, she campaigned day and night for macron's en marche movement. but there is no no time to rest. under its new name la republique en marche, the party now has to make significant gains in the legislative elections. >> we have to get an absolute majority. it's doable but it will be tight. we'll have to fight, but we're used to that and good a

. >> you have a novel that's out, a sports-centric kind of book. but parents can relate big-time. if they have young children in sports, if they've gone through that process. >> the main character is a tennis player. tennis at the extreme of youth athlet athletics. it's talking about our shift around the parent culture around youth athletics which has grown so intense, with traveling sports teams for 8-year-old kid, and the family commitment to youth athletics, it's gotten so intense now. this book explores that, this shift in our culture. >> and the consequences of living that life for both the parents and the kids. >> the early single sports specialization can be an intense and limiting way to grow up. i love athletics, i want our kids to have an athletic experience. but it shifts from teaching kids values and discipline to being an inhibitor to personal growth. >> i think it's over the top now. i think it's just the beginning of a backlash to that. we have a friend who runs a very well-known bank, who was telling us a story about how parents of the young bankers are calling him

. >> reporter: a tech-centric finale as the microsoft ceo and ceo of tesla and space x took the stage. balmer shared his thoughts on transpain city and government -- transparency and government spending. >> i went searching and it's a nightmare. >> reporter: he touting his new online initiative usa facted. and musk's speech coming just minutes of a private meeting with government ramundo. >> i laid out ways for him to do business in rhode island. >> reporter: he focused on the future of automotive travel. >> if you say go out 20 years, overwhelmingly thing are electric -- things are electric and autonomous. >> fully autonomous? >> yes, fully. >> so no one will have to touch a steering wheel. >> it won't be a steering wheel. >> reporter: he also sounded the alarm or artificial intelligence, and though he called for proactive regulation of ai, he said outdated reeling alligators can be to homeboy -- regulations can be prohibitive. musk says it must uote: >> now, musk went on to warn governors about ai technology. he said it must be regulated before quote it takes a dangerous turn and th

we're not just centric to the country that we're located in. in the museum when you're going through the exhibitions you see about 10% of the museum collection at any one time. the rest we use for research, for references, for loans to other institutions, and just to make sure that we have an encyclopedic collection of the war. when we are teaching about the history of it we want to cover everything from point a to point z. where i'm standing right now is in front of a wall that depicts the various shoulder sleeve insignia worn by the american expeditionary forces in world war i. these were used to identify the units and also to create a feeling of elan, a feeling of belonging to a particular unit. our visitors are fascinated with the shoulder sleeve insignia, but they were not really worn until after the war. any time you see insignia on a uniform from the war on the american uniform, they're post armistice of 1918. they were developed by the units and by the american expeditionary forces to represent the great variety of americans that served

how it was different from normal focus on combat, it was very population-centric. you had to protect the population first, and eventually people needed to accept the government as legitimate. your main goal is legitimacy. you've still got to kill and capture people. but you've got to be careful how you apply it in a mosaic war that differs from village to village, valley to valley,, city to city. as dave petraeus used to say, you can't kill yourself to victory in these kind of wars. it takes a team effort not only with your own interagencies, but also with the home -- the host nation has got to win a lot of its own war as well. intelligence gathering is more cultural anthropology many these kind of wars. you've got to understand how the societies work, how politics work, gender roles. it's a very different kind of intelligence process. and you've got to think on campaign design. i'll illustrate in a second, when i came into the early in the '70s, i knew who the enemy was. the enemy was the next soviet motorized regiment coming over the hill. basically, the way you

as their major reasons for not procreating and every one of the interviewees was aware of our kid centric culture and battled negative comments about their decision not have children. i'm trying to do my part to dispel those assumptions and to help people be honored with whatever choice they make. mixed race families, according to the 2008 senses, 15% of new marriages are interracial and get are you all familiar with the cheerios ad that was so controversial? people started boycotting cheerios, one of our most popular cereals because they featured on tv a commercial featuring a white mother and black father and a mixed race kid and there is a huge uproar which floored me. there is a very interesting website called we are the 15% where mixed race families send him pictures of their families to show that we are normal also. now, i see mixed race in print media often especially in new york, the billboards. as i said, almost every multiracial person i have met has been faced with the question what are you. sometimes when i'm in a bad mood i say human, but why should i have to face that? i fac

europe has a less american centric view i think it has become a structured rich identifying with the needs of all one hundred ninety three member states mr good terrorists from the bill he took office has insisted on seven words movements effectiveness efficiency flexibility transparency accountability and pragmatism and i think those are the words will guide us well in fact you almost quoted my next question because isn't it said that the united nations needs to be in limbo efficient and effective it must focus on delivery and last on process more on people and less on bureaucracy do you have an understanding on how to achieve that how to shift the focus because it's a major challenge yes it is a major challenge and i think under his neighbors you really have to do that here point we've been implemented to people in management reform and i'm grateful for the confidence which pleased to me that i only did that internal review team on management reform along with my colleague with a spirit of secretary on the economic commission in latin america and the caribbean museum is about cinem

growth centric. will have a deep deep impact going forward for the relationships in the western hemisphere now the major russian german gas pipeline north stream will come under the sanctions as well germany has already called on the us not to interfere in its energy projects so why is to us continuing down this line. well i think the point is hasn't got to do anything with the political sphere with the frozen conflict in the ukraine or was syria and it actually hasn't got anything to do also with an interference of russia and the us elections as just being a report out from the n.s.a. and from some other sources that clearly state this was a leak and not a hack in that respect i think this has to do with the approach of the us administration to make deals to get their economy going and this is the biggest problem the media is not reporting about the problems of the us economy last year of the many many effects are the growth of one point six percent in their g.d.p. with the budget deficit of five an

centric -- take a look at one of australia's top pension funds, building up its portfolio of infrastructuressets. >> we are going to get back in the g-20. this is bloomberg. >> you are watching daybreak australia. let's talk a g-20. president trump returning from his first g-20 trip. he wrote the g-20 summit was a great success of the u.s.. i want to bring in john edwards, a fellow at the institute for international policy. he'll so just closed that his board membership at the bank of australia. president trump said it was a very successful g-20 for the u.s.. it? >> i think it was notable that the u.s. not only didn't lead the discussion but didn't wish to. an economicsual for meeting of that significance. >> we knew that there were a lot of differences. the second part was more surprising, that the u.s. didn't role, bigger leadership knowing that they cleaved away from their counterparts on issues like trade. what were you most surprised by at this meeting? >> it was surprising he found his only real ally on climate change with turkey's president. he found his only good beating with presid

business move to be more cloud centric. growth is depen dependent on te cloud.wth itself makes it less standpoint. -- constant. washington much impacting microsoft yen? not just talking about tax laws like that but things neutrality. >> microsoft of all the technologies, most data about the issues of protection. we haven't seen a dramatic change yet from the trump terms of theirin ofroach towards issues cybersecurity. customer security and the notion possibility of terrorism and n.s.a.in the tesla up .3 ofof percent. tweeting has been today. the boring company. he's got verbal approval from the government. there's a hyper loop. connecting new york city with washington d.c. this? know anywhere about >> i assume it was a dogcatcher it.aryland who approved i don't know who can speak for ae federal government digging hole. exciting.ion that is execution is enormously difficult. permits to drill oil well near there in a conventional technology will be to get for only marcellawell in the shell. knowing you can do a -- the do that, it is coming when shares of tesla has

we are very founder centric. , we likeo see passion to see a motion between consumers and product, serviceor brand. we combined art and science and our business is about making decisions much later. it's not black and white or it it is always great. caroline: last time it was unilever, is it institutional money western mark -- money? two years ago was very high. even to our surprise, the investor base was very traditional. people understand the venture business. because they back thought we were offering something different. up, there hasng been a slew of tech ipos as the market returns to form. we look at how they are faring and look at the next crop of tech startups waiting to take the plunge. alibaba has a new smart speaker. who else is in the race to own your home? we will discuss that next. us is bloomberg. ♪ caroline: initial public offerings are ramping up in the u.s.. comparedny is up 243% to 2016. globally, it is 96%. this comes on the heels of blue aprons lackluster debut last week. what does this mixed bag create for the remainder of the year? we asked analyst. >> it does give m

he just has this view that the disciplined,are are mission-centric, and are able to get things done. we will see. don't forget general flynn was also there until he got fired, but we understand he is still talking a general flynn on occasion in the white house. julia: this is an interesting thing. are we talking about him having respect for these generals the votto do you think he will explain the advice -- respect for these generals? do you think he will respect the advice he gets? will this perhaps be a turning point? marty: that is what a lot of people will be hoping, but again, this president has shown a remarkable ability to surprise people. can listen to kelly and actually work with him in terms of policymaking, messaging, communication style, the chaos will obviously subside. i think kelly will feel the same frustration as priebus felt, that he had no power. if you are going to change chief of staffs, usually, the person you would consult with is your chief of staff. i would think donald trump took this decision with his own counsel. -- it will bert interesting to see if anyon

they will be relying on a very narrow path forward in terms of centric democrats like heidi heitkamp- these are the folks e will be hearing a lot from. willdent trump said he have to work with democrats -- all the democrats i just named in particular sender joe manchin are up for reelection. that is a seat that republicans could win back. vonnie: will we see a change in the voting patterns because of this? anan: there's been interesting polling showing its shifted from obamacare as the central representation of obama's unpopularity to just the establishment in general. what is so interesting about this, this will be really difficult to put together a bill to look at the exchanges. let's not forget that this health care bill the senate and house considered was also a massive restructuring of the entitlement system. it was a step too far right. in states like west virginia and , thesed maine and alaska people have come out saying they will not go forward. it's a learning lesson that once you give something to people, it's really difficult to take away. vonnie: the president talking abo

although we have been more dollar centric with a focus more here domestically the last few years, there is some money we have to allocate. it is a question -- do we go with developed questions that are going shines of improvements versus where we may have more tail risks. we are not sure we are out of the woods in terms of terrorist in emerging markets so the default would be places like japan and europe. vonnie: how close attention are you paying to the geopolitical risks? in your model, there is room to factor it in. our risks like the north korea missile test and other geopolitical risks, qatar, saudi arabia, are that factoring in more heavily these days into your considerations? >> you have to see if those risks you back in the market and we have not seen that yet. there is a lot of risk appetite. and risk premiums have been compressed for many years so not a sense of concern in the markets. if that -- if the risks were to spread and we saw more protectionism, if we begin to see a problem with global trade that fed back into the economy and markets, we would have to make changes as

the medicaid cuts for the more centric moderate politicians this may not even go into effect.the problem is i don't think the american people are going to buy that. i think it's too dangerous an argument for them right now. and also the ones you are trying to win over. whatever you do to get those votes they could be dissuaded to think. the politics are complex and this is baked was baked into the cake of obamacare. some of the millions of americans would end up needing medicaid because we have an economy that was slow. i don't know if they pounced on it enough.ç the medicaid enrollments went way up. they never went down. we haven't really been able to revive the economy to the point that we can put these together. my view on this is that when you get a government program and talk about trimming the growth. it becomes political. giving them opportunity. the democrats are very pro- opportunity. we want everyone to get back to work. i'm not popular with the left wing in my party anyway. at least 35. it is a particularly difficult circumstance. that is a problem. anytime we put

always amazed when we'll be far away in some other country and people want to come because is so word centricot like you can really dance to it that often. so i'm amazed when people connect, in a second language, lyrics.with the i think that's cool. atrlie: this was recorded shangrila studios in los angeles. conor: rick rubens owns it. charlie: you seem like you're to the outside world but at the same time you have a attitude.-it-comes conor: i've always felt sort of isky with my career which like i never really -- charlie: set out to do something? conor: i never really got that famous or got into a position where there was like -- and of are some pressures but basically i've always kind of -- we started off in omaha own record label and we did that for years and kind of stuff like -- every little milestone was celebrated great.is is it was the opposite of like an overnight success. that ilt like i'm lucky feel like because it's been so even if it plateaus into just, i can keep -- to me, more important than at this point for sure than like elsed sales or anything you're going to do. i hope to

but, at the same time, we are very -- centric.t data, we like to see passion, we like to see emotion between consumers and products, a service or brand. so we combine both art and science. our business is always about making decisions on the partial data, it is never black and white, it is always gray. be askingi'm going to you later about the geopolitics in europe versus the u.s. versus the u.k. and brexit but i want to ask about valuations because we are looking at companies, the nasdaq is down percentage point on thursday trading. we see facebook -- dominating the most valuable companies in the world. how is it affecting the private sectors and the companies you want to back? frederic: our business is -- as we invest really early, way before, but valuations are always impacted by -- [indiscernible] investing early, valuations become more of, it is more of a dilution for founders. $5we invest x, 1, 3, or million, or where does that money take the company. do we believe that the post evaluation will be fair? we need to be discipl

. >> "soul train" finally offered america its first view of afro centricity.duced a lot of artists to audiences that they never performed for. ♪ >> ten years before he did the moonwalk, michael jackson debuted the robot in 1973 on "soul train." >> people had done the robot before. but there was a way he did it that it was faster. it was sharper. and it was street. i could just see the afro bouncing because there was so much precision to it. ♪ she's a dancing machine award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. visit your volvo dealer today and get up to $4,500 in allowances. [ barks ] radio: scorching heat today, staywalter!ut there! stop suffering with hot ac. cool it yourself with a/c pro. in just 3 easy steps, enjoy the comfort of 2 times the cooling boosters from the #1 selling coldest air. nothing cools like a/c pro. >>> rock, music that infuriated so many people in the '50s and '60s. the music so many thought too loud, vulgar, somehow dangerous to our morals. rock has not

she's new york centric. she's not a conservative. she has no idea why we like this guy. what do you say to them? brooke it's an absolutely fantastic question and i don't get it asked enough. i am utterly france parent in this book. i -- utterly transparent in this book. i talk about the non-trump voter. i talk about how he was perceived and the foundational principles on which we all construct our independent bespoke realities, how those fundamental principles were violated, were broken, didn't seem to work anymore, creating this cosmic prime scream of istress. i will also argue that you cannot taste your individual world back together unless you know what is going on in the other world. that there is a highway of nfinite realities. as many as are our americans, as many as there are human beings, and what we saw was a colossal smashup on that highway. what i would say to the trump voter is, you want to know what is really going on? do you want to go past the, oh, the delicate snowflake, they lost, get over it, and see what's really going on with us? from somebody who has

we are very founder centric.le we look at data, we like to see passion, we like to see emotion between consumers and product, service, or brand. we combined art and science and our business is about making decisions much later. it is never black and white. it is great. -- it is gray. caroline: last time it was unilever, is it institutional money? >> the bar two years ago was very high. even to our surprise, the investor base was very traditional. people understand the venture business. they chose to back felix because they thought we were offering something different. caroline: coming up, there has been a slew of tech ipos as the market returns to form. we look at how they are faring and measure the outlook for the next crop of tech startups waiting to take the plunge. alibaba has a new smart speaker. who else is in the race to own your home? we will discuss that next. this is bloomberg. ♪ caroline: initial public offerings are ramping up in the u.s. ipo activity is up 243% compared to the same period in 2016. gl

static and moving towards you, those of you erased your hand on monday, that would imply a more time centric, where time is coming towards you. interestingly enough, and the time moving perspective is not fixed. a various compared to what you are doing. it's one of the many examples of how the language we use, special metaphors and another one that comes up is the issue of the future being forward. we were talking about this a little bit e4 that we in english and i think all european cultures, we think of the future as being ahead of us in the past is behind us and that is, it seems to be sort of baked into most languages. but it is not a universal idea. the aymara of central america, they think of the future as being behind them in the past as being in front of them. and this is really, the first time you hear it, and this seems very counterintuitive to most of us. there is a sense in which it makes a lot of sense in that we know the past and so we can see the past and said the future is hidden to spirit in that that regard, it makes sense to feature should be behind us in the past that is

what uncomfortable the core centric when you see her squeezing her stomach in there'u know, the woman'si think the mommy shaming is kind of sad. >> the mommy shaming is never a good thing. >> no. >> we can all agree with that. yeah. leave it to the doctors to decide what's right and what's appropriate for each woman. so all morning long we've been reading your social media messages. zen us your messages talk with us whatever you see on this show that you like. earlier we asked to see all stars. there tamara all star my daughter and her beautiful friend. beautiful dancer. >> oh y. recitals. >> winter. >> hoe cute those all stars. >> congrats to you. peanut hawkins. >> and it is the world's largest cucumber slicer and it's traveling across the country. it may not be the so sufficient way to garnish a cocktail it is the most spectacular one you will ever see. we will take you out there next. ♪ ♪ hey! ♪ bee to hive to the comb ♪ combing that honey ♪ into some gold ♪ take that gold and make it an o ♪ ♪ good goes around and around and around hey! ♪ ♪ bee to hive to the o ♪ oat from the farm i

china wants to re-create this sino centric treat terri system and will do everything possible to becomethe hegemon in east asia. you have a group of china who try to point out a much moreas nuanced approach to the region.it is not trying to re-create a sino centric system, but rather to find greater space for its rise in east asia as it tries to protect itself, defining economic security interests.we have our own competing schools of thought . those have different influence on u.s. policy overtime. the chinese paper would benefit tom a greater attention actors, institutions, processes, and how those affect perception. and i think the u.s. paper would have benefited from more discussion on the range of schools of thought in the united states because we have our own ideological and theoretical lenses that in form our approach. let me end with this point. what does this on me for the trajectory of the u.s.-china relationship? i am very much of the view that the evolution of the u.s.-china relationship is one that will be determined by a series of ad hoc sides.ns by both to put it different

as far as the concerned,, i certainly the joint -- [inaudible] >> execution of efp forward, it's centric. we see russia capability in the region which -- which is the matter of -- of keeping the lines of communication open and make sure that the -- [inaudible] .. properly addressed, we need to go ahead defense andnto the have with thes we naval capabilities to make sure that we are determined but haveo to take into account the realistic channels we haven't me region. think weld on that, i are on the right track with the efp and what the u.s. is doing. also, do not forget that we european nations can do more together as well and one example was what normally jested with the trilateral mru with the u.k. and u.s.. take responsibility for in nato.in region also, there is always an action of mile to go when it comes to intelligence-sharing and incorporation within nato. we are supposed to be but that is something we should continue >> do you have anything? >> i mean, i agree with everything they said. >> ok. we will open up the floor to questions from the advance. a quick reminder to please i

discussed earlier in the year, one of the big shifts that is taking place is a move from the hardware centricroach to data and computing to now much more of an implied services based model and oracle has done a great job ever positioning itself with both the hardware side of the equation, but really is getting into that applied environment where they are helping makes a we said about microsoft and others earlier in the year, they are making the cloud and they are making cyber a real reality for their client base. so they are addressing specific client needs and this is a place where oracle anticipated a market going and they have the ip to support their market position and defend it and grow it so we're enthusiastic to see what is happening across the implied services computational services environment and we see that market continuing to on grow and expand. >> david, just a few moments here left.on gro and expand >> david, just a few moments here left.n grow and expand >> david, just a few moments here left. grow and expand >> david, just a few moments here left. you can tell us the trends a

invest in video they're trying to benefit from a social platform to a video-centric platform.nd. tom is not convinced. francine: with the amount that it and i spent on twitter, is selfish to think i hope this goes on, but how much times you give it? investors and management are saying we are throwing all of our money behind video to see if we can drive user engagement and make that argument to advertisers. they will know within a year if that will work. tom: let's have bob mark daily -- let's have bob nardelli. the fearve lived of building scale. it is tough, to build scale? this will sound strange from a nuts and bolts guy, but i think about what is the market value of your content strategy? we're seeing a shift. i would not arrange the funeral too soon. nuts, bolts and socket wrenches? robert: you talked in the opening hour of comcast and the success at nbc and universal. you talked about asset sales, which is a big issue. it is demoralizing to think he'll have to sell assets because someone else can run them better. i think it is focus and commitment on the investment side

the job centric policy appears to be a course reflection from 2016. here's majority leader chuck schumer. >> when you lose an election with someone who has 40% popularity, you look in the mirror and say, what did we do wrong, and the number one thing that we did wrong, was that we did not tell people what we stood for. >> melissa: joining me now, sherry bustos, she is cochair of the democratic policy and communications team. thank you for joining us. we saw the title come out last week, better deal, better skills, better jobs, better wages. do you think that that is going to work? is it in an attempt to communicate the economic message? >> did not only an attempt to communicate that message, but we have policies that back that up. i think it will work this way. if we stay relentless in our focus to making sure that people understand that we are there to fight with them. we are there to grow the economy and stay focused on that. there are so many distractions here in washington. i am on the senate side right now as i stand here. and i think about every

we were the first, i guess, poke restaurant that poke-centric restaurant in the district and we opened on april 5. >> so for people that have never had poke, how would you describe this to them? >> okay, so it's marinated raw fish that has a lot of hawaiian influences and also a lot of asian influences. >> okay so you guys are down in chinatown and you recently opened. where are you from and how did you get into being the poke papa? >> actually, i'm from missouri. >> missouri. >> yeah, so i get that question a lot. we spent a lot of my childhood going back to hawaii and visiting, just, you know, vacationing and doing that. >> so you ate a lot of this, then, growing up. >> yeah. >> do you make some of your favorite dishes? >> i'm sorry. >> do you make some of your favorite dishes? >> ye this -- it looks like a bowl. so how do you assemble this? what's the base of it? look how gorgeous that is. my goodness, the color is just awesome. i think this camera is showing this one down here. so start with this one, kerry. tell me what's in this one. >> this is our version of the atlantic salmon

get rid of washington centric health care and let the states do what they do best, which is what we saw under welfare, deliver services closer to the people. this is exactly what he campaigned on. now he has the opportunity to do that. >> i think his words are not only irresponsible, i think they are inhumane. what are we going to do? if obamacare implodes. it's easy for him to do that. he is a rich guy with health insurance. everybody he cares about has health insurance. there are americans who need obamacare and are on it right now. what are regoing to do with those sick people if it implodes? what are we going to tell them? what are we going to tell is families of sick children. what are we going to tell spouses? at some point, get over the defeat. get over the political posturing and get back to work. get back to forming a plan that actually works. get the input from republican governors and democrat governors. get bipartisan leadership to start working it and do what congress is supposed to do, compromise and address a national crisis now. >> what will happen, at least as it stands

it's not trying to re-create a sino centric system, but rather it's trying to find greater space forits rise in east asia as a tries to protect self defined economic and security interest. but my point is in the united states we have our own competing schools of thought, and those have different influence on u.s. policy over time. so the chinese paper would benefit from a greater attention to actors, institutions, and how those affect perceptions. i think the u.s. paper would've benefited from a bit more discussion at sort of the range of schools of thought in the united states because we have own manifestation of ideological and theoretical lenses that inform our approach. let me end with this point, which is what does this all mean for the trajectory of use china relationship? and i'm very much of the view that the evolution of use china relationship is one that is going to be determined by a series of ad hoc decisions by both sides. to put it differently, the future of use china relationship is a constant search for a stable, strategic between washington and beijing. but, unfortun

new york is such a great example because while silicon valley is engineering centric places like newu have founders coming from wall street, coming from media, coming from fashion which is really incredible expertise. there is not a bias against them for not having an engineering degree or computer science degree whereas oftentimes when you hear about the valley where people are certainly pitching venture capitalists, if you have a technical background or technical co-founder. we talked to entrepreneur's. it does feel like outside of the valley there's a little bit more of an openness towards other types of the cavities when you are building a product. the reality is if you are building a company you need the technical expertise that you can hire someone to do that. you can hire a ceo or recruit a technical co-founder at some point later. certainly i had the opportunity to spend time in chattanooga tennessee. it's absolutely a hot bed of starter pack 70 and feminism which is really unexpected and fun. when you are in a place that is a a new tax cuts like chattanooga you can write you

ejra: we have centric a -- centrica gaining. there could be of takeover target.ere has been a proactive takeover of the drugmaker. and another group has built a stake in stada. we don't have comments from the various parties involved, but the stock is moving higher. down 4%.four is the market is focusing on france's largest retailer cutting prices, raising concerns that profitability in its home market could decline. guy: thank you very much. up next is "bloomberg surveillance." that is here on bloomberg. looking forward to that conversation. we will carry on the coverage out of the g-20. matt is there all day. plenty of great coverage coming from him. he will also be joining the digital team. matt will be on television for a little while, but then we will go on. justin king will be joining us. it imports of that conversation. some interesting stories. lovely day in london. this is bloomberg. ♪ inncine: tensions run high hamburg, as trump prepares to meet putin at one of the most highly anticipated summits in ye ar. timelobal selloff -- rcalls on the era of easy

look, we all know donald trump lives in a trump centric universe.e's basically saying the senator from alabama, i'm so popular in alabama, he threw his hat in with me. there's no loyalty here. by the way, i'm disappointed to him and he's weak and beleaguered. that is so disloyal to say. it rips the guts out of a senator who did take a stand against popular opinion and those colleagues in the senate to support him. >> jeff sessions has a lot of intestinal fortitude -- >> is that what we call it? >> what else do we call it? >> i'll talk about it on break. >> i think it's the author in camero camerota. you say ripping the guts out, you say intestinal fortitude. >> thank you all very much. great to get your perspective. >> up next, something that is way more than a headline. the standoff at sea. those two ships are about 150 yards apart. that is nothing at sea. a u.s. navy ship firing warning shots at an iranian patrol boat in the persian gulf. clearly this was a bad situation. what does it indicate about the relationship between the two countries, next