david brooks, good to have you on.or you. >> i was living by the value that career success can make you feel fulfilled, that life is a individual journey. it's the culture we get encouraged to by the college process. i had a bad valley. my kimarriage ended, kids were moving home. i was part of the conservative movement but conservatism had changed. >> describe a little bit more the valley because i'll tell you a lot of people would tell me during the period you were going through something has happened to david brooks. he's stopped writing about politics. he's writing about all this other stuff because he can't stand where conservatism has gone. so, it's become a kind of a escape. was that a fair reflection? >> yeah, i did not like where conservatism was going but it was not a mistake. i think the problems are at the foundations. if you don't have trust, you have tribalism. you have people with a zero sum mentality, a scarcity mindset, attack, build walls, hate others. so, the existential anxiety turns them fanatical.

. >> david brooks, always a pleasure. we will be back. we call it the mother standard of care.

. >>> up next, the always insightful new york times columnist david brooks with some good ideas.l. when we come back. hydro boost with hyaluronic acid to plump skin cells so it bounces back... neutrogena® and try our hydrating makeup. they're america's bpursuing life-changing cures. in a country that fosters innovation here, they find breakthroughs... like a way to fight cancer by arming a patient's own t-cells... because it's not just about the next breakthrough... it's all the ones after that. but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. at a comfort inn with a glow taround them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com." who glows? just say, badda book. badda boom. book now at choicehotels.com. >>> david brooks was a celebrated political commentator when he helped found one of the seminol

lot of people would tell me during the period you were going through, something has happened to david brooks. he stopped writing about politics. he's writing about all this other stuff because he can't stand where conservativism has gone. it's become a kind of escape. was that a fair reflection? >> yeah. well, i didn't like where it was going. but i was not an escape. i do think our problems in our society are the foundation of society at the level of trust. the market and the state rest on trusting relationships. if you don't have that, you have tribalism and you have people who are just a scarety mindset, attack, build walls, hate others. when you leave people naked and alone, it turns them fanatical. they get bitter, resentless, lash out, and we see a lot of that in our politics. >> so out of the valley comes the second mountain. describe what that is. >> well, the first mown dauntai building success, and these are things we have to do. the second is about contribution. it is living out of your heart and soul, not out of the desires of your ego. and one of the things that is super fortuna

mark shields and david brooks analyze the week in washington.s, gloria and emilionestefan heir shared life in the music business. for many years, both political parties have agreed to exempt some health care workers from providing care and performing certain procedures they ject to on religious or moral grounds. that can include abortions and sterilizatio. but as amna nawaz tells us, president trump has gone further than his predeceors by issuing a complex and more comprehensive rule allowing for these exemptions. >> nawaz: judy, the president announced the new rule tied toon the na day of prayer. conservative groups welcomed what they call "conscience protections." but, women's groups, l.g.b.t.q. advocates and others are warning the rule could reduce services and lead to discrimination against transgender patients and others, and potentially harm patients if providers refuse to deliver certain care, or treat people. under this new rule, hospitals, clinics and other institutions must comply with 25 laws that are part of this in order to receive

mark shields and david brooks break down a busy week in washington. risks that illegal tiger trafficking poses to the endangered species. and, much more. >> woodruff: the u.s.-china trade war intensified today, as the trump administration increased tariffs on imports from china. ti nick schifrin reports, china's top negoator left washington without an agreement. >> schifrin: on a sunny friday morning in washington, trade war escalated with a handshake. thtop chinese and u.s. netiators ended their 11th round of talks cordially, but the two countries are in economic conict. today, the u.s. increased tariffs from 10% to 25% on $200 billion of chinese exports, includinseafood, luggage, purses, and parts sold to u.s. companies suchs circuit boards, microprocessors, and machinery.d e u.s. is threatening to go even further and impose tariffs on all cell phones, clothing, anlaptops made in china, and exported to the u.s. in response, the chinese foreign ministry vowed "necessary countermeasures," and spokesman geng shuang asked the u.s. to give a little. >> (

david brooks and jonathan capehart on robert muelleris breakingilence. much more. >> nawaz: president trump has lled himself "tariff man." he has said he "likes tariffs," and he's said he likes to use them. but even so, few knew what was coming last night when he issued a surprise threat to mexico, the u.s.'s largest trading partner. yamiche alcindor has the latest, and more on the president's plan has stirred up concern in this country, and in mexico. >> alcindor: immigration policy through trade tariffs. that's president trump's latestt idea t illegal immigration on the southern border with mexico. in a tweet late thursday, he announced that starting on june 10, the u.s. will impose a 5% tariff on all mexican imports. he said, "the tariff will gradually increase unt illegal immigration problem is remedied." today, at a news conference,ca mepresident andres manuel lopez obrador responded.ed >> ( transl ): we will not fall for any provocation. we will act prudently.wi we will ac respect for the authorities of the united states, with respect foren presdon

that's syndicated columnist mark shields, and "new times" columnist david brooks.lo to both of you. so we are trying t our way through a conversation with each one of these candidates. mark, there are, now, as we said, 23 of them. we talked to eric swallwell tonight, kirsten gillibrand last night. i'm not gointo say they are one issue candidates, but in his case you heard him talk about gun contrd, kirsten gillibr emfa sighs women's issues. what are you hearing from?m the is it smart for them to easy on one issue or not?>> e'll find out whether it is. it just strikes me that abortion as an issue has been -- kirsten gillibrand is probably most prominently identified -- is an issue where those who seek serious and large change find themselves on the political defensive, and i think it's fair to say that it's hard to imagine anybody running a winning tional campaign on enlarging and making statutory abortion legal in all circumstances or,ha for matter, a democratic party which is essentially unwelcoming to those people who are -- have reservations or are pro-life, but

david brooks, mark selds.nk you. >> thank you, judy. >> woodruff: finally tonight, for e millions of viewers around the world addicted to "game of thrones," winter is ming this weekend. jeffrey brown is here to look at the television phenomenon ludes its long run on sunday night. it is part of our regular arts lture series, "canvas." >> brown: dragons, white walkers, and ravens. targaryens and lannisters. seven kingdoms, and one iron throne to le over them. to follow every refere te, you'd havebe tuning in regularly to the vast ntasy world of hbo's "game of thrones." ot the thing is, millionsf people have. npr television critic eric deggans: >> this is a modern blockbuster, so 17, 18, 19 million people watching on a single night is a lot for our modern tystem. >> brown: add many more through streaming and online services, and this "game" became an international phenomenon, turning its cast, many of whom have grown up before audience's eyes, into celebrities, and inspiring board games and product placement; tou

mark shields and david brooks are here to discuss the war of words between president trump and housecy pelosi and the latest on the 2020 presidential candidates. and, an unlikely part of hip hop history. members of the 1980s group the astie boys talk about changes in music, and perspective. >> we l hope that, as we get older, we grow a little and we learn. right? learning from mistakes, learning

elizabeth: to your point, here's david brooks.ust a pretext for the media battle many democrats and trump want to have. and i'd like your reaction to this, kimberly strassel said nadler wants a fight, he wants a show. pelosi prefer toss avoid impeachment for fear of public blowback, but they desperately need to feed the angry progressive masses. >> yes. but it's also a pretext, right? what's going on here is they don't want to actually say they're conducting an impeachment proceeding because they know that the president's poll numbers continue to rise, not go down. and at the same time, they want to damage him up as if it were a presidential campaign which, of course, this little procedural nonsense in washington is sucking all the air out of the political campaign. i mean, you haven't heard anything about the presidential candidates, and you've got jim comey on cnn as if he were a presidential candidate. elizabeth: that's an interesting point. >> where really is this downing? it sounds like, we don't know, but it sounds like the

shields and david brooks join us to talk about attorney general william barr's testimony and lack ofpresident trump's hour-long phone call with vladimir putin. us, legendary couple of american music, gloria and emilio estef

ourk shields and david brooks join us to talk abt attorney general william barr's testimony anlack ofpresident trump's hour-long phone call with vladimir putin. plus, legendary cole of american music, gloria and emilio estefan, on their decades-long artistic and romantic partnership. >> we're on the same page.

omplus, democratic congres tulsi gabbard discusses her run for the white house, whilehi markds and david brooks latest in the e and more.l r and, game over. the smash hit hbo show "game of thrones" comes to an end this weekend. we examine what made the shchow sensation. all that and more, on tonight's pbs newshour.

and, it's friday mark shids and david brooks are here to discuss congress's vote to hold the attorneyl in contempt, the fight over subpoeaning donald trum o jr., and thengoing trade war with china.

mark shields and david brooks are here to discuss congress's vote to ho the attorney general in contemptight over subpoeaning donalndtrump jr., ahe ongoing trade war

david brooks and jonathan capehart are here to talk abou robert mueller breaking his silence, the controversypresident trump's visit to hapan, and the white house pus to add a citizenship question to the census. plus, some exhibits ke millions of years to put together. an inside look at the national neweum of natural history' fossil hall. >> we're showing how all these different species got together and formed ecosystems the past, that transformed and transformed and transformed through time. and now we're at a point ourselves where it's

. >>> back with us, elliot willia williams, ruth marcus and david brooks. he tax reporting from the new york times is so detailed. it's so explicit. they don't have the tax returns but federal he continued to lose money for every year totaling $1.7 billion from 1985 to 1994. then year after year, he appears to have lost more money than any other individual in the united states. this is the guy who trumped, pun intentional, that he was the art of the deal maker, book he didn't write. he was going to the aspirational king of gold. >> he is the greatest con man in american history. this is before he became president. he conned us all into thinking he was a successful businessman and when people realized he was not, he conned people into electing him president. he did it through a lot of nefarious ways. some ways he raised capital by threatening to take over companies. until people realized pfs another trump hoax he would make some money. the price could go up. there's one little element of the times story i'm curious about. he had interest payments that were lo

i have been reading david brooks' new book, second mountain. fascinating.e makes the point about the benefit of suffering. out of this suffering comes a sense of purpose. with these people, it is admirable in the extreme, what their objectives are. they were not in this for the money or to become famous or to have expensive possessions, wristwatches and the like. no, they were there to establish a community and values that are of utmost importance for civilization. excuse me. [coughs] and they stuck to it. my five characters go on at length about all aspects of life, from their personal experience. when they get to the subject of the native americans, that i include. when they are worried about there may be an attack, or when there is an attack 30 miles up the river, where 14 people were slaughtered by a party of warriors, delawares and wyandottes. when that happens, it is part of my story. it is part of their story as they saw it. so i am not seeing the importance of the native people or the contributions of the native people or the mishandling, the misund

join us online, and again here tomorrow evening, with mark shields and david brooks. for all of us at the pbs newshour, thank you, and we'll see you soon. >> major funding for the pbs newshour has been provided by >> babbel. a language program that teachese -life conversations in a new language, like spanish, french, german, italian, and more. babbel's 10-15 minute lessons are available as an app, or online. more information on babbel.com. >> bnsf railway. >> consumer cellular. >> financial services firm raymond james. >> and with the ongoing support of these institutions >> this program was possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by newshour productions, llc captioned by media access group at wgbh access.wgbh.org >> you're watching pbs. >> hello everyone and welcome to amanpour & company here's what' coming up. president trump asserts executive privilege to keep the parts of the mueller report away fm congress while ratcheting up tensions with iran to n highs.

join us online, and again here tomorrow evening, with mark shields and david brooks. for all of us at the pbs newshour, thank u, and we'll see you soon. >> major funding for the pbs newshour has been provided by: >> babbel.la uage program that teaches real-life conversations in a new language, like spanish, french, german, italian, and more. babbel's 10-15 minute lessonsas are available an app, or online. more information on babbel.com.a >> bnsf way. >> consumer cellular. >> financial servicefirm raymond james. >> and with the ongoing support of these institutions >> this program was made g.ssible by the corporation for public broadcast and by contributions to your pbs statiofrom viewers like you. thank you. ptioning sponsored by newshour productions, llc captioned by wg media access group a access.wgbh.org martha: hi. i'm martha stewart. whwo if i told you i uld come to your home and teach you how to cook? from the best of the basics to the secrets of the speacular, i'm about to take your love of cooking to a whole new level. welcome to "martha's cooking school," les

wrong in '16 saying i don't see trump -- this wasn't true, there were a lot of trump supporters, david brooks miss the trump supporters. but the idea that there is this elite, nonelite divide. i think i see support for joe biden across generations. i mean, people my sisters' ages, and it is more than just being a very popular and revered president, vice president. it is a reaction to trumpism. he will clean us up. >> he will bring us back to stability, that's something that some democrats want. don't want a full pendulum swing, some want to feel stable after the chaos of trump. >> he said something different today. if he is elected or once trump is out of office, the fever will break and republicans will come to the table. >> what table? they burned them all. >> almost every other democrat running disagrees with that theory. it comes down to whether you think trump is an aberration or this is what the republican party -- >> i just think there is a way and the thing will fundamentally change things is with donald trump out of the white house, no joke. you will see an epiphany occur among many

i'm judy woodruff.an join us onlineagain here tomorrow evening, with shields and david brooks. for all of us at the pbs newshour, thank you, and we'll see you soon. >> major funding for the pbs newshour has been provided by: >> for projects around the house, home advisor helps find local pros to do t work. you can check ratings, read customer reviews, and book appointmentsith pros online at homeadvisor.com. home advisor is proud to support pbs newshour. >> babbel. a language program that teaches real-life conversations in a new language, like spanish, french, italian, german, and more. babbel's ten to 15 minute lessons are available as an app, or online. more information on babbel.com. >> bnsf railway. >> consumer cellular. >> financial services firm raymond james. >> and with the ofgoing support hese institutions >> this program was made possible by the corporatron for publiccasting. and by contributions to your pbs station from viers like you. thank you. captioning sponsored by newshour productions, llc captioned by media access group at wgbh access.wgborg >> you're watching

join us online and again here tomorrow ening with mark shields and david brooks.for all of us at the pbs newshour, thank you and we'll see you soon. di >> major fun for the pbs newshour has been provided by: ab >>l. a language app that teaches real-life conversations in a new language. >> consumer cellar. >> bnsf ra to "amanpour & company." here's what's coming up. >> we're looking for iran to behave like a normal country. >> as u.s. rhetoric against country, whether the trump administration is building a path to war, tom cotton and tim kaine, senators from both sidesi of the aisle me. then -- >> the being that has kept me most solid, most hopeful, and most peaceful and centered is love. >> oscar winning rapper and c actomon speaks about his "l new memoir love have the last

publishers weekly is the second mountain: advice on leading a moral life from new york times columnist david brooksl these authors have appeared on book tv and you can watch them online at booktv.org. >> sunday at noon eastern, in-depth is live with author and hoover institution senior fellow thomas soul from the hoover institution on the campus of stanford university. >> the time people complain george washington, thomas jefferson condoned slavery. slavery was there for centuries before george washington and thomas jefferson were ever born and neither of them ought that the office of the presidency had any power to do anything about it. lincoln was able to do something about it because he did so not just as president but as the commander-in-chief in a war and when he did applied only to people in rebellion against the united states so there was no basis otherwise. >> mister soul has written books including economic facts and fallacies, intellectuals and race and discrimination and disparities. join interactive conversation with your tweets and facebook questions. watch in-depth live thomas old sun

david: brooks koepka won last year, and he is a 10-1. rory mcilroy is at 12-1.sed to be the hardest course in the country. they've never played the pgh ambien ship there -- the pga championship there. it is a famous course going back to the 1940's. alix: have you played it? david: no, it is way too hard for me. alix: in terms of betting, this is the first time you can do some serious betting on golf. david: for the majors, exactly. the interesting thing for tiger woods is, once again in his comeback, he is changing all of golf. the last time he won this was 2007. he's won this five times. people were worried about all of those spinal surgeries. he hasn't been playing for a while. alix: interesting. i'm into it. i'm not going to watch it, but i will talk about it on friday. [laughter] alix: coming up, victoria fernandez and been lately or -- later will be joining us. european stocks looking at their lowest level since late march. u.s. equities taking it on the chin. and safe haven assets, money flowing into bitcoin and into the yen. but down by two points, yields

david: always great to have you with us, david dollar, brookings institution's senior fellow.mp moving in on china's telecom companies and got rare bipartisan support. how much is the threat to national security? we ask congressman will heard of the house intelligence committee. this is bloomberg. ♪ david: you are watching "balance of power" in bloomberg television. i'm david westin. democrats have been quick to criticize many of president trump's actions on china but yesterday he had a different response from some lawmakers when he moved to curtail chinese telecom companies from doing business with the u.s. chris van hollen praise the move in an interview with us just yesterday. >> what we know is that while way and zte, at the end of the day, they answer to the government of china. if maybe, embedded in a telecommunications networks around the world even more than they are today, then we believe it puts everybody at greater risk. david: we welcome congressman will hurd, republican member of the intelligence committee and a former cia officer. good to have you here. you are a

david dollar. he's a former senior at brookings. d to have you with us. >> great to be here. >> david, the president has just tweeted about tariffs, and despite what larry kudlow admitted today, the president is claiming china is paying for these tariffs, he writes, we are right where we want to be with china. remember, they broke the deal with us and tried to renegotiate, we will be taking in tens of billions of dollars in tariffs from china, buyers of project can make it themselves in the usa. ideal, or buy it from nontariffed countries. we will then spend match or better the money that china may no longer be spending with our great patriot farmers. agriculture. which is a small percentage of total tariffs received and distribute the food to starving people in nations around the world. great. a lot in there, david. despite what the president says, these tariffs clearly hurt americans directly. how exactly does it at the same time hurt china. >> it definitely has an impact on china, the u.s. will reduce its imports from china, proba

david: peter brookes, thank you very much for coming in. >> thank you. david: appreciate it.eled, millions without power. ohio dealing with the aftermath be the terrible aftermath of devastating tornadoes. we'll have the very latest on that coming up. where people are into coffee, tech, and retirement planning. the perfect retirement for me is doing the things that i want to do, not the things i have to do. unlike seattle, less than half of americans participate in their employer retirement plans. so what keeps people more engaged in their retirement? i want to have the ability to easily transact online, great selection of funds, great advice, everything in one place. helping people in their working years and beyond. that's financial wellness. talk to your employer or start a plan at prudential. david: mike tobin is in harrison , ohio. hi, mike. reporter: seems communication played a role what i is described as minimal amount of injuries and loss of life. we know one person was killed. john barber lives in this house. he watched it over local news. watched the local meteorolo

david: you know who is winning? the lawyers, as always. brooke sutherland, thank you so much.xed picture? this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. i am beside abramowicz. alix steel is off today. is eating that down off about a half percent -- we're seeing the 1%.off half of the ftse 100 still positive, in the green. looking at across assets, yields are lower even though we have this risk-on feel in markets. and you are getting commodities with a bid. that getting breaking news, the durable goods orders of the united states declined more than previously expected, a negative reading. worse than people had hoped for. and you are seeing reaction in the 10 year yield, going lower. the prior month was revised toer, 2.6%, it was revised 1.7%. not only did the most current reading come in the war than expected, but the prior month's reading was also revised lower, indicating an ongoing softening in expectations? david: not good news in terms of capital formation, for sure. wells fargo's senior economist .s joining us sarah, initial reaction to the .urable goods numbers s

david: what kind of market share what they have? brookecards for banks and help manage that portfolio, so when you are monitoring for fraud, that is what you are registering too. it is interesting to see this combination because it is rather .ntested what the benefits are they are also looking for $100 million in revenue from this. they think they can earn that much more combined, and i am not sure about that >> -- i'm not sure about that. does that give you benefits when you had that vertical integration? alix: where would they expand? how would they get that money? brooke: they talked about potentially going into international markets, that maybe they see growth there. some analysts that they would want to get there anyway. they have a point of service type offering they may be looking to expand. these and there is talk of scale, is it more on the defensive side? david: do they compete with the likes of paypal? brooke: i think this is more about trying to intermediate that competition and keep them in their place and hold onto their mark

david: the question is what does hbo do next. but spoiler alert, brooks koepka won the pga championship yesterday. he made it sort of suspenseful. alix: but he didn't have dragons. [laughter] that everybody did really well on that. wasn't it superhard? david: it's a really hard golf course, and there was really bad wind. at one point there were 30 mile an hour winds. alix: in the markets, it is a little softer for the equity market. it is a mixed currency story. we'll discuss that for the next couple of hours. australia having a monster rally. crude up 6/10 of 1%. still a slight risk off tone. today, weing up later are going to hear from fed chair jay powell, as well as vice chair richard clarida. on tuesday, home depot reports earnings. the federal reserve releases its minutes from the meeting earlier this month. thursday, european parliament told -- european parliamentary elections begin. that is all coming up this week. right now we turn to bloomberg first take. we are joined by marty schenker and lisa abramowicz. trade, now they say national security.

david: our third story, brooke sutherland is going to tell us about qualcomm.rooke: the company has really been mired in antitrust litigation. of course, that lawsuit with apple over its royalty business. it charges royalties for its technology, which underlies most modern smartphones. it did settle with apple, which drove up qualcomm shares. it turns out a judge is siding with the ftc, saying that qualcomm unfairly competed and charged excessive royalties, and that it needs to change its ways. this is really interesting because the doj actually tried to intervene in this case and said we don't really want to harsh penalties on -- want too harsh penalties on qualcomm because the country is trying to hold up qualcomm as this harold d of 5g tohis heral get them to turn away from huawei. essentialthe anti-competitive act is how they are charging, will a judge start setting the price? brooke: what she said is they need to go back and renegotiate their existing royalty agreements, which creates all kinds of questions about the integrity of qualcomm's business model

brooke: he gets the upside and protection against the downside. davidca, he made a fortune on those warrants. alix: that's why he's doing it. it makes sense in that respect. do you look at this as a one-off with occi, or the start of some serious consolidation? mark: right now you have to see the permian really start to consolidate. you have to follow the pipe. componento be a big of this on a going forward basis, so you what to see consolidation, but the people who have the support and logistics behind them. had you get it to the coast in the most cost-effective way. brooke: the one thing i wanted to pick up on come on the synergies numbers, i scratched my head a little bit. they don't have as much overlap with anadarko as chevron did, so target, wasir chevron understating the amount of cost views they could get out of this? they potentially have more fuel for a bit here. alix: occi is saying it is efficiencies. we will see. thank you both very much. coming up, president trump's trade threats spoil stocks. more on that next. this is bloomberg. ♪ alix:

. >> aaron david miller, thank you very much. >> thank you, brooke. >>> minutes from now, just reminding, we'll see president trump speaking from the white house to make the case for his new immigration proposal crafted by his son-in-law jared kushner so we'll watch for that live. >>> plus new york city mayor becoming the 23rd democrat to enter the presidential race even though majority of voters in the city say bill de blasio should not run. we'll debate the pros and cons for his campaign. >>> and president trump grants full pardon to two political allies, including one who wrote a book praising trump. we'll be right back. you're watching cnn. etsy is the place to find new favorites. the belongings we hold on to. etsy knows that moments, big and small, deserve things that really matter. sold by real people and filled with things that last beyond the latest trends. belongings don't just show what we care about. they show who we are. shop etsy.com last year, the department of veteran's affairs partnered with t-mobile for business, to help care for veterans everywhere. with va video connec

david: in the meantime, we are looking at boeing. for more on that, brooke sutherland joins us.a administrator coming out, saying there is not a big rush to get these 737 max 8's back in the air. brooke: the airlines are talking about late august, and now it is looking like that timeline is maybe overoptimistic. to me, i always thought that was a little ambitious because if you think about the faa, they are really under a harsh spotlight here and don't want to rush this. they want to make sure they find everything and look at this as thoroughly as possible, but also come out with a cord into response with other regulators. the faa was put in a really awkward position as the last global regulator to ground the max. you had china first, europe preceding the faa. i think they want to have more of a coordinated effort that reestablishes their authority. that is complicated because these other countries have their own agendas. david: they are meeting in fort worth today with representatives from 31 other different countries. i thought they were going to say this is the plane to get b

david knows. he feels the pain with his 16-year-old son. bracken darrell and brooke sutherland, thank you both. of brexit is low according to david solomon. we discussed next. this is bloomberg. ♪ alix: david solomon is speaking to shareholders. a little brexit chat. he says the chance of a hard brexit is low but they have moved a number of people to the continent. this echoes what we heard earlier in the day. david: we had mark carney sailor best case is a smooth brexit, which makes his job easier than planning for a huge recession. alix: yes, but then he has the code midst -- convince the market they are underpricing a rate hike. if it is smooth, the economy will pick up. things he saidhe is they are not investing because they're not sure. alix: hiring, not investing. that wraps it up for us. coming up on bloomberg -- the open, chris harvey joining jonathan ferro. this is bloomberg. ♪ jonathan: from new york city for our audience worldwide. i'm jonathan ferro. "the countdown to the open" starts right now. ♪ jonathan: coming up, the fed taking down rate cut back. chairman powell says soft infl

david: let's talk softbank. for more, we turn to brooke sullivan, bloomberg opinion columnist.earnings. brooke: exactly what you want to see when you are reporting earnings, more than triple their operating income, largely on the basis of the gain in uber. they reported a $3.8 billion gain on their stake in uber. i do want to make the point these are paper gains. this does seem to suggest that they've made some really great bets, especially through softbank's $100 billion vision fund, but we will see how these play out. obviously the lyft offering has been rather a cautionary tale, but it does seem like they are trending in the right direction. david: are they going to have to start writing a letter like warren buffett does? this is kind of a berkshire hathaway kind of problem. they are worth more than it looks like on paper. brooke: i'm sure he would love the opportunity to continue to expound on why he thinks softbank's valuation should be significantly higher. he thinks it should be roughly double what it is right now, and thinks investments are not being valued properly. th

david: is there any movement afoot to settle these cases? brooke: we haven't really seen that yet. pressure from the investor and analyst community. we had that votes were bayer shareholders signaled a protest vote against management, saying they wanted them out. i'm not sure that that helps that much to get rid of its management right now, but clearly shareholders aren't happy. i think bayer's perspective is they may be see some of these cases going to appeal, they still believe in the science. the nature of these cases are somewhat unique and individual, and they want to see how this goes. alix: due diligence, man. they didn't sign on for that when they bought monsanto. brooke sutherland, thank you very much for joining us. coming up, playing hardball with china. calls forfund manager president trump to walk away from trade talks. he joins us in an interview. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. today? do is there a bounce or have we found a bottom? s&p's off the highest. 90% of the s&p lows yesterday. europe holding onto gains. yesterday, dai

david: the third company we are watching today is tesla. for more, brookeell as sarah hunt of alpine woods. they are having a really rocky patch. and this is coming on the heels of the wedbush analyst chopping his price target. code red. herculean effort to meet duction targets for the back half of the year. you just have this confluence of negative headwinds for tesla. i think what people are concerned about is the dismal first-quarter numbers perhaps not be an aberration, that you are not going to see second-half recovery that people are banking on. tesla really in the crosshairs of the u.s./china trade war. they need demand to meet these goals, which factor into their ability to fund themselves. if that doesn't play out, that is a real hit to confidence. alix: their 2025 bond is trading at $.22 on the dollar. i feel like this might be similar. we talked about how closely the bond is tied to the stock. if you are a bond investor, you take solace in the fact that the bond is so high. if that takes a hit, you have money coming in the door -- money going out

david: but coming off of a very high base. the third company we are watching is boeing. for more, brooke sutherland joins us now.necessarily good news. brooke: it just never stops. there's going to be a hearing today with the house. boeing executives are actually not going to be testifying, but we will hear from the acting administrator of the faa and representatives from the national transportation safety board. i would affect questions along the same line of the senate hearing last month, but obviously we've had some new information come out. reports that the senior faa officials were actually not involved in serious testing of that software system that is being linked to those fatal accidents. david: my understanding is basically they delegated. a were notified there was an issue and said you go ahead and handle it, boeing. brooke: boeing did not like that software system as causing a catastrophic event. that is a very significant classification. you have that label, you have the faa involved to a much greater degree. so as officials delegated it to the bone representatives, they would do that safety analysis