bring back david cohen. was a deputy director of cia and undersecretary of treasury for terrorism and financial intelligence in the obama administration. he knows about all things sanctions related. kelly, let me ask you about this. if military options are on the table, but not the likely option, not the preferred option, this is a country that has signalled and a willingness to get into it with the united states, south korea, allies in our region, what is it that we know about korea where we can apply leverage? >> i think it is a good sign that secretary mattis went out and tried to turn down the volume a little bit on the rhetoric. i think that's important that potential for miscalculation on kore korean peninsula is pretty high. thousands of u.s. troops and korean troops staring at north korean troops on the other side of the border on a daily basis. they are already on a hair pin trigger. it is good that mattis chose to turn down the volume on that. i will say keeping options on the table is smart tactic

i want to start with you, david cohen.d in nick schifrin's report, ambassador nikki haley referring to countries doing business with north korea in violation of u.n. sanctions. what is the picture? give us a picture of the financial and business dealings other countries do right now with the north. >> well, most of it is illicit, with the exception with the trade with china, and that tends to be in coal, in minerals and very few other items. there are other countries around the world, in africa, in particular, in the gulf where you have north korean laborers work and you have north korea selling weapons to these countries. that is in violation of u.n. security council resolutions and in violations of the sanctions, and those transactions tend to flow through financial institutions in china in a way that is intended to be disguised from the international community because they are illicit transactions. >> woodruff: you've written new sanctions could be enacted that would put real pressure on the north. what would they look

to her right is david cohen, former deputy director of the central intelligence agency and better known to me in his role at treasury before he joined the cia when he was under secretary for terrorism and financial intelligence. david zoratay, chairman and co-founder of the financial integrity network. i knew juan when he worked as deputy assistant to the president and deputy national security adviser for combatting terrorism from 2005 until 2009. again, further details available here, but for the sake of time at our disposal we will get on with the conversation. what i would like to be able to do is perhaps give each of our guests a chance to look at what the issue maybe in a larger sense or a larger framing sense may be here. i will ask them a question, they can all respond to it and focus on whatever issues or angles they see as most productive. i'm hoping we can get at it from different angles and develop a full picture of what we see in the gulf. we will do it in reversal pta bet cal -- alphabetical order. what is the extent of financialing with the gulf states collectively bilater

senior vice executive vice president david cohen stated while some tried to conflate the two issues title to a net neutrality are not the same title two as a source of authority to impose and forcible net neutrality rules getting rid of title two does not mean that we are repealing net neutrality protections for american consumers tablet do you trust the io speeds that they will keep met neutrality if you take away the guards not even close to you know this is a joke it's got to be a joke or they're so incompetent that they can't even see that because what are you saying as well no what i'm getting rid of the rules we're just getting rid of the entire department and mechanisms in which to. force those rules oh great but was also funny is the double standard because most of these are republicans conservatives who want smaller government but what they want is more regulation like in one minute you want more regulation when you want rest now all of a sudden they want to tax the internet they want to put all these things on their i mean that's ludicrous you're saying we don't want anybody tak

a huge crowd here everyone is lining up getting ready along carol avenue in talk to te director david cohenall about the parade. tell me about the work that goes into it. >> ♪ >> well, what happens is we start meeting in january and then we meet through the end of june. we have a meeting afterwards sort of wrap up. but one thing about this committee we meet and something happens and that's the different, you know, scenario. >> and great results because you can see the families out here all the pets, the puppies on the leashes everyone seems really excited much what's your favorite part about the fourth of july parade out here in tacoma. >> the parade is great because it brings out people from all over the community. we have boy scouts, baseball players, people that push hold fashioned lawnmowers and it's a great community event. >> we just saw a huge dog dressed as statue of liberty. really unique floats. what's the coolest thing you've >> my personal favorite is the . >> how about you? >> well, i, um, let me see. i like the, um, the big floats so i don't know if i have favorite. >> there's

i'm pleased to welcome our gust speaker juan zorata, david cohen and kate bauer as well as our own executive vice president ambassador steve flesh who will

in 2014 the former director of the cia, david cohen, called out cutter publicly along with the kuwaitys because according to him, quote, the private engagement with this countries did not achieve what we were trying to achieve, end quote. nafgt qatar has infamously housed -- leaders and sanctioned by the u.s. treasury state department and has filed to prosecute them. at least one high ranking qatary official provided support to the mastermind of the 2011 attacks to our country. and then of course there is culeaf mohamed is an u.s., eu -- in 2008 he was tried and convicted for his terrorist activity and arrested later that year by cutter only boo tee released by the cutteries six months later and then openingly financed. can anyone guess what culeaf mohamed has been up to these days? more recently he's been alleged it be financing and supporting terror in both iraq and syria with no response from the qatary government. while the qatary's government support with the support and even the mohamed brothers regime has received support. many individuals and charities in qatar have been known t

david?he: mr. cohen: again, i agree with juan.sis grew out of a group whose financing model was the traditional ical the -- model, and al qaeda when they took over territory, it had an easier way of raising funds, which was to extort the population that it had taken over and to sell oil through smuggling routes that had been in existence previously, but as their territory is now shrinking, their control of the population is being lost, there is every reason to expect it is going to return to what had worked in the past, which is the donor-financed approach, particularly because when it is no longer governing vast amount of territory, it needs less money in order to fund its particular terrorist activity. the one other point that i would make, when people talk about terrorist financing, they often focus in on a very sort of their understanding on what terrorist financing is, which is the traditional donor model, where you raise money, you put it into the bank, and then you move it. we have done, working with partners around the wor

david k. johnson is here, the author of "the making of donald trump," editor-in-chief of dc report.org, william cohen of why wall street matters and steven moore, the senior economic adviser to the trump campaign. david, the president is pushing made in america week all week here in this country even though products made by donald trump and ivanka trump's brands are made elsewhere. he says to buy american, to hire american, but his companies haven't always followed those rules. >> oh, they aren't following them today. they continue to use foreign manufacturers and when donald was building his hotel towers in las vegas and chicago, he went to great lengths to conceal the fact that he was buying chinese steel and chinese aluminum. there's no integrity on donald trump about this issue at all. he has no moral authority to make these points. >> steven, shirts, shoes, handbags, neckties with the trump family name are often manufactured in countries such as bang la dierks indonesia and china. here's donald trump before he was president talking to jake tapper. this is june of 2015. >> mai-tai many times are

mccarthy hired cohen, a young legal prodigy at the subcommittee ski council. he insisted that mccarthy had g david shyne, the handsome son of a wealthy new york family has been on paid chief consultant. cohn had chimed in infamous relationship eventually triggered 1954 army mccarthy hearings. eisenhower sparred with mccarthy throughout 1953. we don't have time to get into it. the senator repeatedly opposed and held hearings of the voice of america as in the introduction and started removing books from their shelves in the eisenhower mr. chin was accused of book burning. mccarthy sent roy cohn and gary shyne through europe the scandalized american allies. dwight d. eisenhower in fact heated censorship. on june 14, 1953, he spoke at commencement at dartmouth college. he was so offended by book burning, i'll read just a little bit of the speech for you. i expected the graduates, don't join the book burners. don't think you are going to conceal evidence that they ever existed. don't be afraid to go into your library and read every book as long as the document does not offend our own ideas of decency.

bad there or trump knows no style other than the roy cohen style his mentor the old mccarthy lawyer which is fight every step of the day. >> rose: david this is what you said this morning in the paper. my suggestion this morning is that whatever your beliefs, you'll also find ways to neuroissue your political soul. it can be a matter of foreign affairs. whatever it is don't just look for ideological ammunition, go searching for are trade-off and uncertainty. consider changing your mind about something. what produced that. >> thank you for reading that. you know, i think a lot of people feel exhausted by this current era and i found myself feeling exhausted which is i'm an opinion columnist so one of my jobs is to write my opinion and i as it's probably obvious has been very awe -- alarmed by so many things from this administration as have many republicans and many democrats. and i just realize that look politics isn't all about brute force. it's not all about fighting and i think it's important for people to remember that it's about democracy and debate. i'm going to spend part of this summer grappling with issues i find hard. i'm goi

cohen. can they convince these people to vote? david: paul richards will be staying with us.e will be joined by democratic senator dick durbin of illinois. live from new york, this is bloomberg. ♪ ♪ taylor: this is "bloomberg daybreak." t's agriculture business gave an unexpected move on earnings. pesticide revenue rose 10%. the merger is expected to be completed next month. the new company will be called dow dupont. michael kors has agreed to buy jimmy choo for $1.2 billion. the brand had high-profile brands like princess diana and carrie bradshaw in sex and the city. jonathan: thank you. greece is returning to the bond markets after a three-year hiatus. the debt crisis forced them to seek multiple international bailout. the last time they came to the market was with five-year money at a yield of 4.94%. they are seeking 7 billion euros, what sources are reporting. will this be characterized as a successful return to the market? is this a success for the prime minister? >> i am sure he will characterize it. i think the market is saying what have they achieved in the last thre

korean movie i've got to go see buster cohen a reviewer over at the street i said i need these movies watched. they are doing production that makes you sign up. david, once you're hooked, it's opium. this is intellectual opioid. >> it's a good kind of opioid crisis. >> worldwide. >> not the horrible one that has a lot of people in its grips in this country. >> i didn't mean -- >> you brought us there. really you have to make a reference to that? >> it's a metaphor didn't you ever take that course >> couldn't you have gone somewhere else, something nice it's like milk and cookies for everybody? it's like chocolate milk >> did you even listen to it it was so beautiful. about cash flow he said business as a whole is what makes us comfortable. we should continue to invest, be able to finance t debt to market cap is incredibly low and conservative more draw on free cash, negative free cash will be an indicator of what? this is a good question, mr. jeopardy head. negative free cash will be an indicator of what? >> future growth. >> enormous success! you can't beat this. right now they're in their graves talking to each other, whatever enormous success it

cohen losing him could be something they might think twice about as well. >> bringing the fire today, steve. hopefully we don't have to wait 15 more years before you pick a fight with davidime, baby. >> we agree. >> i think they generally agree they acquitted themselves. whether they might have been out of this sooner is another interesting question, that maybe a wall street guy might have done that. >> who knows if we'll have that discussion later on. thank you. joining us as well art cashin is here at post 9 to watch yellen and the market data. how much is her? >> about 90% earlier you got a boost from oil which the api data inventory last night showed a drop in inventory. that got us up to 46,000 we're right at the edge of real resistance here. we're at the top so that looks like it was getting ready to break out then at 8:30 if you do it minute by minute, you'll see a strike when her text of her testimony was released i think with all due respect to steve, i think that markets read it as confirming lyle bren earth and you'll hold off until december and then even then you're not sure. last time i looked, september was down 20%, 25%. now, the economy's okay. they're no

cohen would do. it is a markets guy. alix: ok. michael mckee of bloomberg international economic policy correspondents. for more on the outlook on the fed, we will go to davidthe number one research team in the bond market every year between 2006-2017, quite a track record. economisto have chief stephen stanley. you guys are old buddies. take it away. i wanted to but you two together because of a modest hawk and dove debate. back, youared it think we could have a balance sheet unwind as soon as today -- so was it the data? >> it was the data. the reason for moving in july is keeping the rate hike option open for september and i think it was something in my mind was still at least worth keeping open, until the last set of inflation data, which took it off the table. alix: what is your forecast for next year? we're looking at one rate hike right now. >> i think inflation will get back on track. a good part of the slowdown has been transitory, labor market is strong, and i think we will eventually get back to a gradual turn of inflation. i think we will get back to the gradual pace of rate increases and it will look like maybe 3-4 rate hikes next year. alix: y