we shouldn't get too excited about the fact david frost is going out there.ttle bit and there's one thing that is for certain, since boris johnson and there's one thing that is for certain, since borisjohnson has become prime minister, brussels has had to take the prospect of no—deal more seriously and when theresa may was prime minister they suspected her heart wasn't really in it as much as she talked about no—deal being better than a bad deal, when push came to shout they didn't think she had the nerve to go for it. borisjohnson has she had the nerve to go for it. boris johnson has made she had the nerve to go for it. borisjohnson has made clear that he definitely does. david frost is going out there but both sides still appear poles apart on the key issue ofan appear poles apart on the key issue of an alternative to the backstop. borisjohnson once of an alternative to the backstop. boris johnson once it of an alternative to the backstop. borisjohnson once it ripped out but brussels have said give us a look and alternative and thus far there doesn't seem b

and people rode into the david frost show a lot of letter saying, those bearded, filthy creeps shoulda and stuff like that. none of us had beards though. [laughter] anyway, one letter said, dear mr. frost, why did you have to have that horrible rock band on their singing a horrible song about vietnam when those lovely people, lyndon johnson and there? robert, or on i don't think i'm ever going to watch your show again. and i save those letters all these years, and i thought, how am atlife is that here i the lbj library. thanks to you, i hope i have not disappointed you. answer myo not question, but that is ok. aside, there were some other brands, like the mc5, in new york, doing some pretty radical things musically and politically. but in the end, i think too many cut the left and antiwar movement confused with the hippie when often times the occasionally overlapped. peter, when you are in the midst 1967, there966, was, i am sure, across words in your career, where your folk star and pop stars, as well, and by committing to a political platform in your news 8, that you were certainly

he came to feel as he told david frost that he was an unlovable human being. it left him plagued by an intense, painful insecurity and self-doubt. he came the iago to his a fellow whispering you are a loathsome creature. you are no good. when he campaigned he campaigned with ferocity and ruthless aggress in aggression and with doing so became a truly tragic figure. we can glimpse the seeds of watergate and his actions as the precursor and john the baptist for joe mccarthy. his campaigns which helped launch the mccarthy era were infamous but nowhere is that more clear than in the matter of race. for all the good that he did as president of the united states, his record on race is checkered and revealing. he grew up in a quaker outpost in southern california and was the founder of the college of a social club that remarkably for the 30s recruited and accepted black members. when he first ran for congress he spoke out for racial justice and the local naacp made him an honorary member at the same season the claim was reading burning crosses in california to defeat

nixon always denied a personal role, and in his famous interviews with newsman david frost, he insisted he was not aware of nor had he authorized any contact with the south vietnamese and quote, could not have done that in good conscience. so it was not until 2013 when conducting the research for my biography of nixon that i found the scrawled notes of his chief of staff bob haldeman recording nixon's orders to quote, keep anna shanult working on the south vietnamese and do what they could do to monkey wrench johnson's announcement of the peace initiative. now, we cannot know what might have happened if the nixon campaign had not interfered in johnson's initiative. most likely those of you who are my alk who can remember, the enmitty and the stubbornness that the north and south vietnamese displayed toward each other in the years that followed. the russian's promise of productive talks very well may have failed. but i'm a biographer, not a vietnam or military war historian. i judge my subjects by what they knew and what they did in the moment, in the time. given nixon's willingness to e

and little bits of it had come out on us so that when he had the famous interview with david frost, frost directly asks him -- did you know what she was doing? and the big break comes just after the turn-of-the-century when lady bird johnson decides, brilliantly decides, that full disclosure is the best thing she can do. so she opens everything. in texas. all of the johnson tapes that were supposed to be sealed for 50 years were opened. the x-files is opened. lyndon johnson becomes a much more human character. vietnam begins to fade in people's memories and they remember the civil rights movement and civil rights act and in all of the readings of the president like the ones that c-span does, you find lyndon johnson opening up. and harry truman. same thing -- next sin is mired down in the low 20's in the rankings of american presidents. but, throughout all of this time, and tapes are sitting there like a ticking time bombs as well as his papers. nixon -- the next in foundation finally decided it could not store the papers anymore, give them to the government. i was the guy paging -- as a g

after discussions last week with the prime minister, his europe adviser david frost and the brexit secretaryay, brussels negotiators have concluded the only way to avoid a no—deal brexit is with major changes to the withdrawal agreement, changes that the eu finds unacceptable, such as the removal of the irish backstop. and official told a meeting of european diplomats yesterday that with only a few weeks to go, "we're back where we were three years ago." they haven't given up completely, though. further talks with the uk haven't been ruled out and the moment of truth may not come until a meeting of g7 leaders in france towards the end of this month. the government also rejected the eu's assessment that there may be no point talking at all, with a downing street spokesman saying the uk would throw itself into further negotiations with the greatest energy and a spirit of friendship. adam fleming, bbc news, brussels. our brussls correspondent adam fleming says there's little sign of movement on the european side. at the moment there is no sign of any blinking on either side. and this is one of

he has replaced him with a man called david frost, who went out to his first meetings in the eu lastly eu officials went back and basically eu officials went back and told the member states, it is really going to be no deal. the fascinating thing about this as it might be a bluff, it might not be. but the key thing to successful blushes that by definition, it looks no different from the uk actually pursuing no deal. —— a successful bluff is that by definition. so either way, it is effectively working. and a bluff that could become reality, if it is a bluff. exactly. as henry said, this is the sole purpose of borisjohnson, to come in, and he has been so focused on no—deal brexit from the start. he kind of paid lip service to the idea that he might be able to negotiate will stop but really, he has got rid ofa will stop but really, he has got rid of a lot of people who are not on board for a no—deal brexit. and all of the rhetoric is heading for this, and we are running out of time effectively. whatever machinations are going on in parliament, no deal remains the default legal option. i

after discussions last week with the prime minister, his europe adviser david frost and the brexit secretaryen barclay, brussels negotiators have concluded the only way to avoid a no—deal brexit is with major changes to the withdrawal agreement, changes that the eu finds unacceptable, such as the removal of the irish backstop. and official told a meeting of european diplomats yesterday that with only a few weeks to go, "we're back where we were three years ago." they haven't given up completely, though. further talks with the uk haven't been ruled out and the moment of truth may not come until a meeting of g7 leaders in france towards the end of this month. the government also rejected the eu's assessment that there may be no point talking at all, with a downing street spokesman saying the uk would throw itself into further negotiations with the greatest energy and a spirit of friendship. adam fleming, bbc news, brussels. our brussels correspondent is adam fleming. how much is this political brinksmanship, and is there any sign that brussels could blink first? at the moment, no sign of any b

fish" weree and the on the david frost show a long time ago. lyndon johnson were on the show because they were engaged to be married. people wrote in to the david cross show saying that the bearded felty creeps should be sent back to russia. that was about us. none of us had beards. [laughter] >> i have one letter that says "dear mr. frost, why did you have to have that horrible rock band singing that horrible song about vietnam, when those lovely people lyndon johnson and charles robb, were talking about it. i don't think i'm ever going to watch your show again." i have saved those letters all these years. ishought "how weird life that here i am at the lbj library." thanks to you, i hope i haven't disappointed. >> you didn't answer my question, but that's ok. [laughter] >> all kidding aside, you were -- there was the mc five in new york doing radical things, musically and politically. gethe end, too many people the antiwar movement confused with the hippie movement, when often times, we want to parallel and overlap. when you are in the midst o

after discussions last week with the prime minister, his europe advisor david frost and the brexit secrataryotiators have concluded the only way to avoid a no—deal brexit is with major changes to the withdrawal, changes that the eu finds unacceptable, such as the removal of the irish backstop. and official told a meeting of european diplomats yesterday that with only a few weeks to go, we're back we were three years ago. they haven't given up three years ago. they haven't given up completely, though. further talks with the uk haven't been ruled out and the moment of truth may not come until a meeting of g7 leaders in france towards the end of this month. the government also rejected the eu's assessment is that there may be no point talking at all, with a downing street spokesman saying the uk would throw itself into further negotiations with the greatest energy and a spirit of friendship. adam fleming, bbc news, brussels. fresh vigils have been held in the texan city of el paso, in which 22 people were shot dead on saturday. it was the first of two mass shootings, nine people were also kille

conventional wisdom says he accidentally confessed during the watergate section of the interview with david frost -- this has been a myth that frost and others have perpetuated for some time -- the reality is quite different, they talk about it in advance, whan he wanted to say when the question came up and the apologized for his moral failures and says i screwed it up but never admitted to wrongdoing. this would be the message he would use the rest of his life when he was asked and it okay. not during an accident, it came as a planned answer to a question that he and ken had word-something id together the moral failures weighed on him. and the dealt with itself in his own way. began to reveal himself more and more could become public with people. when hubert humphrey, from. the 1968 election called him to let him know he was dying of cancer, nixon coal sold his former rival. -- consoled his form are arrival. when they hung up nixon turned to this ace and said i'm going to his funeral. start working on it humpfully hung up the phone and turned to his wife and said, no former president should have

in his famous interviews with newsmen david frost, he insisted nor had heaware of, authorize any contact with the south vietnamese and "could not have done that in good conscience." until 2013, when conducting the research for my biography of nixon, that i found the scrolled notes of his chief of staff recording nixon's orders to "keep them working on the south vietnamese." and to do what they could do to "monkeywrench" johnson's announcements of the peace initiative. we cannot know what might have happened if the nixon campaign had not interfered in johnson's initiative. most likely, those of you who are my age could remember the incredible stubbornness that the north and south vietnamese displayed towards each other in the years that followed. the russians followed -- promised productive talks may have failed. i am a biographer, not a vietnam or military war historian. i judge my subjects by what they knew and did in the time. given nixon's willingness to engage in such a dark and risky plot, and given the bloody debacle that would follow in cambodia and vietnam, hundreds of thousands

david frost, who is the chief adviser to boris johnson on the eu is over here tomorrow to talk to theto look at the backstop in terms of sector by sector approaches. either certain bits that could be revisited to help him with that aim ultimately of wanting to diverge from some eu rules and not be completely trapped in the customs union. but that said, this is not yet the basis for negotiations, this is both sides on either side of the channel looking at something that may become a possibility but it is incredibly early days for that. and yet we only have a short time! thank you very much. whether it's fair or not, we know a president's chances of re—election often depend on how the economy is going, or even more importantly, how people feel it's going. and on that there's some good news for president trump in the latest poll from cbs. a majority of those polled think donald trump is doing a good job on the economy. 53%. and 57% say they're confident about being able to pay for food and housing. but less than half feel the same about being able to pay their medical bills. and it's tha

the steps of downing street, and given the message we have had from the special envoy on brexit, david frostin the last few days, there is no room for meaningful negotiations. and it comes down to an immovable object, which is the backstop, the insurance mechanism to stop there being a hardboard on the island of ireland, and ultimately the position with the eu is that if the backstop goes then there is no deal. the equivalent position for the uk and boris johnson calls it undemocratic, is that if it stays, then there is no deal. it's as simple as that. the eu side see it as a horror show that's very slowly starting to move towards halloween, 86 days from the possibility of no—deal brexit and neither side is moving. on the one hand there are those who claim this is merely posturing, and at one point, face—to—face, because boris has not yet met with eu ministers, and it might happen at the g7 summit in biarritz in france, where the likes of donald tusk, jean—claude juncker, other eu leaders, they will wheat with boris johnson, juncker, other eu leaders, they will wheat with borisjohnson, and f

the g7 seems to have gone pretty well and tomorrow, the civil servant david frost will be going to brusselsour support it? you say that, but the challenge i would put back is, in what way has anything borisjohnson said or done been any different to theresa may? he hasn't got a deal, he hasn't got an alternative to backstop and he has had a long time to think about that. he is approaching it in the same way my way or the high way and he wants to push parliament to one side. there is more bluster. to come in, according to some news report, the plan being put forward is potentially for a series of agreements that would keep northern ireland or the whole in line with certain eu rules on animal sanitary checks for example and something like that could get around the issue with the irish border, were that to be something that were agreed on, would labour support it or is labour 110w would labour support it or is labour now the party of remain and therefore no deal would be good enough. let us see what materialises, but i honestly think that after the very, very many months of many, many people tr

brussels in the last few hours is that the prime minister's single europe advisor, his sherpa, david frosteting, and it doesn't sound like anything has happened or the uk has proposed anything, but they have agreed to intensify their work. we don't know what that means in practice, but it does sound like british officials or british politicians will be over here in brussels more regularly than they have been in the last few weeks, working more on alternatives to the backstop. now, is that boris johnson's approach working? we'll never really know. but what it does seem never really know. but what it does seem is that the eu is taking seriously the uk's proposals. whether they will take them seriously and find them acceptable isa seriously and find them acceptable is a different matter. adam, i think i called you ben, it could have been worse, but thank you for the just a line coming in from the leader of the scottish conservatives, ruth davidson. i will read this straight. she says she is considering her position and will make a statement tomorrow. that's all we've got. may be on the verge

david tweed. this is bloomberg "turnaround." to see how they put the frostedack in carlsberg. ♪ david: when he arrived in carlsberg in 2015 he found a company demoralized by bad investment in the russian market that had forced them to stand on the sideline of a wave of brewing industry consolidation. >> what is special about the carlsberg turnaround is how it triggered the turnaround by returning the company to its original service the founder set out, and engaging the workforce. >> when i think back to 2015, i suppose what was different about carlsberg, we did not have clarity on the way forward. we looked to competitors and the consolidation that was happening. and there was concern. david: i wanted to ask, how do you deal with these issues at once? and hadt them together a 70 year program, the start of a journey. we realized ourselves that we did not have the money. we said we can do two things, create the future for ourselves. askd: reluctant to shareholders for funds, they cut costs. ,he plan addressed the concerns which has controlled the brewers since 1

stuffy repeated when he became prime minister and also stuff repeated by his chief europe adviser, david frost couple of weeks ago to speu brussels a couple of weeks ago to spell out lots of this. having said that, does feel a bit different now it is written down in black—and—white on paper and using quite precise language. having spoken to diplomats in the last few hours, unofficially and privately, they fall into three camps, the people who were very close to the drafting of the withdrawal agreement on the backstop who are pretty horrified because they think this ci’oss horrified because they think this cross is one of the eu market was a big red lines, that you need a ready to go fully worked up insurance policy for the irish border in the withdrawal agreement that is signed by both sides before brexit day. then you get another group of people who think this is a bit tactical by borisjohnson. and who think this is a bit tactical by boris johnson. and wonder whether this is a genuine offer. or this is a bit of theatrics. then a few people, a handful who think maybe this could provide a bit o

i'm sara eisen. >> i'm david faber in for wilfred frost, along with mike santoli. got the dow, s&p and nasdaq and russell all in positive territory the dow the best performer of all for today. >> every sector closed higher, consumer discretionary let the charge technology and discretionary did well the yield curve briefly inverting for the first time since last thursday. it's a technical indicator of recession. it has successfully predicted the last seven recessions, but there's all sorts of debate about what it means now, especially with the strong consumer insights from the likes of target, and the whole rally today has been about the fact that it doesn't look like we're going into recession, and then you get an indicator like this, and you wonder if it's people buying our bonds, taking out the fed cuts because of a somewhat hawk-ish fed minutes. >> and the familiar refrain has the u.s. economy is roughly 70% driven by the consumer, and the consumer remains strong. >> joining us is barry knapp, managing partner at ironside, charlie is still here, mike, as well as

i'm david farber in for wilfred frost. perhaps hopes for the 737 max.ou can see as well, the dow right now up a little bit? i think so about 59 minutes left in the -- yeah left in the trading session. sarah? >> i am sara eisen let's look at what's driving this action. the yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. watching signals of the federal reserve. philadelphia fed president harker throwing some cold water on any imminent rate cuts. >> in december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be we're roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. >> we'll get another view from the federal reserve in the next few minutes here on "closing bel

i'm david farber in for wilfred frost. perhaps hopes for the 737 max.ee as well, the dow right now up a little bit? i think so about 59 minutes left in the -- yeah left in the trading session. sarah? >> i am sara eisen

i'm david faber in for wilfred frost, in front of target. they had better than expected numbers. that's a new high. we're rallying on the broader market until the close. >> let's look at what is driving the action stronger, up about 2315 a the dow fed minutes just out emphasizing a recalibration. markets moving on that we just lost about 90 points in the last few minutes we're on the verge of an

frost. sara eisen and david faber have the morning off.swings today as we're now back up almost 90 points more data crossing the tape. we start with santelli in chicago. >> the june read on business inventories, up changed. we were looking for a slight rise no big revision gdp issues there, but there is breaking news in the housing market for that we turn to diana olick. >> builder confidence for single-family homes rose one point to 66 in august according to the national association of home builders. that's one point more than expected but down from 67 in august 2018. sentiment has kind of swayed between 64 and 66 for the past four months. anybody above 50 is considered positive sentiment the index has three components current sales up two points. buyer traffic up two points to 50 sales expectations the next six months fell one point to 70. falling mortgage rates are boosting builder confidence. single family housing starts in the first half the year 6% lower than last year rob dietz says it is due to trade concerns one other piece of dat

david: will be interesting to see someone on the stage with president trump. coming up, we will see how the maker of frostedng with north america's shrinking serial market. that is next on the bottom line and this is bloomberg. ♪ lisa: -- viviana: this is "bloomberg daybreak." coming up later on balance of power, former import export bank chairman. here's your bloomberg business flash. verizon beating evidence -- beating estimates for subscriber growth. that should ease investor concern over the costly process of launching 5g wireless services. verizon taking the early lead in 5g technology. yum! posting sales that beat estimates. same-store sales growing 5%. yum! also posted profits better-than-expected. patty -- the meet gets a rollout in burger king. it is on the menu in about 10,000 restaurants in north america and asia. earlier this year they reported intimate did supply problems. ,avid: time for the bottom line where we take a look at three companies worth watching. i am watching nordstrom. you can see their stock is up. that is on the wall street journal report that family members are trying to buy u

little bits come out, enough that when he has the famous interview with david frost, frost directly asks him, you know, did you know what anna was doing? the big break comes in just after the turn of the century when lady bird johnson decides that -- brilliantly decides that full disclosure is the best thing that she can do. so she opens everything in texas. all the johnson tapes, which were supposed to be sealed for 50 years, are opened. the x-file, supposedly sealed for 50 years, is now open. lyndon johnson becomes this much more human character. vietnam begins to fade in people's memories. they remember the civil rights movement and the civil rights act. all the sudden in all those ratings of presidents like the one c-span does, you find lyndon johnson creeping up with openness. same thing with harry truman. his family opens up all the records, and harry truman begins to climb. sadly, the nixons haven't done that, so he's mired in the low 20s in the rankings of american presidents. but throughout all this time, of course, his tapes are sitting there like a ticking time bomb, and his p

david frost etc have been over to speak to people, but ultimately by saying that the backstop has too happen. and it is apparently a determination to ta ke is apparently a determination to take it out without a deal and i determination that parliament won't be prorogued in order to make a sleeve with a no deal on the 31st of 0ctober. what can be done in parliament to stop a no—deal brexit? is that anything ultimately that can be done? yes there is. it is important to separate what prorogation is and whatjohn bercow has said. the question of can no deal be stopped? i think it can. i think that parliament has all the powers it needs to stop no deal. the biggest threat to that happening will be people who specifically mps failed to coalesce around a single position. which they did not do previously? no. they have tried on certain occasions. 0ne previously? no. they have tried on certain occasions. one of which was to oblige the prime minister to seek an extension to article 50. that tied government hands in some ways and had to work very hard... in terms of an actual practical tactic th