and you on't replace a david koch. you work together, you do the best you can, but we wish caved and julia and his family all the best, but it's absolutely a blow to lose a leader of h example and capability. >> yang: tim phillips, president of americans for prosperity, thanks for joining us. >> you bet. >> woodruff: stay with us. coming up on the newshour: what is the sucl recipe for giving students an early leg up on their education? but first, around 30 million americans-- one-tenth of the country's population-- live with diabetes.in medical guid for treatments include a healthy diet, exercise and regg blood sugar levels. as with many diseases, there are also unproven treatments that have produced anecdotal success stories. from inewsource, an independently fundedoronprofit medinization, cheryl clark reports. >> reporter: dillon is a small, rural town of about 4,000 people in southwestern montana's beerhead valley. here, everyone knows everyone, includinron and julie briggs. four years ago, ron, the county coroner,

. >>> david koch stepping down because of health issues.employees, his brother writes his health has continued to deteriorate. as a result, he is unable to be involved in business or other activities. david koch is 78. >>> howard schultz weighing a possible bid for office. he said he is a long way for any decision, but is considering a public oe as the next step. >> there are a lot of things i can do as a private citizen other than run for the presidency of the united states. let's just see what happens. i have lots of things i'm thinking about. i want to think about this through lens of what it means to be a great american citizen. i don't know what that means at this point. my concern for the country and my concern for our standing in the world and lack of dignity and lack of respect and vitriolic comments from the administration. we can do better. >>> and we are one week away from president trump's big meeting with kim jong-un. he we dn't have a homeowners claim last year so allstate is giving us money back on our bill. well, that seems

lou: can you imagine what paul ryan said to tom don he donahuee chamber, to charles and david koch, the koch brothers. he made some heartfelt promise to them for all that he's been promised he's been bought, he's sold out and there's no contract with america. it's just with american business, american banks and of course wall street and the koch brothers. and as long as he's in that office, congressman, you know you don't have a chance, right? >> well i'm going to keep fighting. and i want to know where the republican party is on this issue. we need to be taking public votes to put people on the board. i don't know the people you mentioned, but i will say there are a lot of special interests in this town that simply want cheap labor. and how criminal it would be for us to neuter the tax cuts by allowing so much illegal immigration that we depress wages. we promised people tax cuts and rises waging. lou: and congressman, there is no doubt about it, the american people will not be satisfied with anything other than the construction of that wall as a condition preceding to amnesty of any k

. >>> and billionaire donor david koch retiring and stepping down due to health reasons. two decades ago he was diagnosed with prostate cancer. we'll be back after this break. ! tomorrow on today in the bay... we have you covered: with analysis to key contests that impact you! plus- scott mcgrew has any new overnight reaction while you sleep. see you in the morning! 4:30 to 7 a-m maybe you could save energy by weaving your own shoes... out of flax. or simply adjust your thermostat. do your thing, with energy upgrade california. >>> oh, my gosh. why are we putting this on? >> it is a portrait. >> i look like a little mouse. hi to wear my hair like this because my alarm didn't go off and i got up late. hi to rush into work. marcus did the heavy lifting until i got here. but then the new hair style which hopefully you'll never see again. >> i'm going to hold you down. >> we're always talking on social media and staying on top of what is trending and on nbcbayarea.com. >> mike inouye joins us right now with a confession yourself. i just made mine. >> i confess that your hair

moments ago we got the news that david koch, he's retiring from ko industries. what does this mean? is this a surprise to you? >> well,avid the president of americans for pros epnie, know, he's y one, provided inspirational leadership, he's a great man. and we wish david and julia and their beautiful family the very best. for health reasons he's stepping aside i think as the statement says. it's a loss fos fr us because h an inspirational strong leader and has been from the beginning. >> thank you, tim. >>> coming up, forget about the $40,000 sound proof phone booth. we're learning about a new item that's on scott pruitt's wish list. why on earth would he want an old used trump hotel mattress? at least it's not the mattress from a hotel room in russia. >>>. >>> it's time for your business of the week. as founder of the company flichg digital times, she's been that the since before the internet was invent add and she's still an active player. how does she stay on top in an industry dominated by youth? to find out her game plan, watch your business sunday morning at 7:30 on msnbc. it'

cnbc reports charles and david koch have pledged to spend millions opposing the tariffs in their highestesident so far. and farmers in america's rural heartland thought of as the president's base are concerned with what the mounting trade war means for them. for more i'm joined by vaughn hillyard leave in decora, iowa. what's the situation there? >> ali, the situation here is you have a lot of farmers across the state that are high on i think estate. we are here on a farm. bob is a fourth generation farmer here outside of decora. i want to play you a little bit of an interview with bruce, who owns one of the larger farming operation in this state. 14,000 acres, 22 square miles of corn and soybeans. he oversees 7,000 cows and pigs that are raised and sold annually. he says give trump room to negotiate. >> pork producers already had a tariffed leveed on them from china and mexico is threatening to do the same. >> we look at the local communities and the various ag products. they need to take a deep breath. >> the pork producers. >> and let the negotiations work out and it will work out fin

so ed koch, david jenkins, rudy giuliani all said no to you. >> but many project -- >> what is it? >> each project have its own idea to do. very soon i discovered that most important is how many people walk. humans was the most important. only place humans walk pleasurely is in the park. and this project -- with the project we like to have -- >> meet the street it was important. >> summertime. >> that's right. you couldn't see them. >> exactly. where this project in miami is surrounded. we did it before the hurricanes in miami. >> let's see the miami islands. those were amazing. >> exactly. that was done in the spring, may of 1983. >> the reason you did it in the spring was again? >> again because of the typhoons arrive later. >> so you had to do it before the hurricane season? >> exactly. is special time when it's or technically, visually with the project. when the prjt oject is realizedt happens when everything comes together. we defeated chancellor cole -- >> hold on a second. this was a big enemy of your installation -- >> i tell you the story. >> to wrap parliament -- >> all t

look at this, david koch, multibillionaire being activist, is retiring from his business anetiring fromoliticalhe is citing he wrote a letter to employees saying his health is deteriorating and now is the time to step down. you know, health issue has to be significant enough for him to get out of not only the running of the daily business but also the very active political spots that the koch brothers take. stuart: americans for prosperity, they helped fund. they have been target of democratic attacks for a long time. harry reid said the republicans have a koch addiction. but a powerful force behind the republican party. stuart: i want to understand, if he is retiring from political life, does that mean he is no longer putting money into politics? i don't think that is the case. ashley: no. what you have to do to send money to someone? not like you have to be as active. stuart: we have that down. a couple more markets i want to discuss for a second. the price of gold has been hovering around $1300 an ounce, still there, down 10 cents at 1297. how about bitcoin? $7,000 a cain yesterday. same sto

koch stepping empire because of health problems. his brother charles says he is saddened and will miss david's inciting contributions. een the primary leader of the koke operation inkoch terms of its conservative influence. haidi: kate spade has died at 55. she founded her brand in 1990 three with husband andy and used vibrant colors and classical silhouettes. the couple left the business for good in 2006 after liz claiborne bought it for $124 million. to coach later sold it owner tapestry. up, a chiefing economist will be along and tell us why the first round of china u.s. terror threats his small.ely too we ask what comes after that. after that later in the hour, looking at commodities and how to make money with commodities. on the day of mixed fortunes for equity markets. some gains creeping in. this is bloomberg. ♪ what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new ki

his elder brother charles said he is saddened by the news and will miss david's insight and contributions. charles kochion, a vast network that rivals the republican party in terms of conservative influence. here on bloomberg television, that is bring in rishaad salamat for a look of what is goin comig up in the next hour. we are expecting a pickup, is there a bias towards tightening in the future? we will be asking paul blocks from that. and, global commodities managed futures executive, he will be along to talk about what is happening in this space, particularly looking at the oil prices, and the impact it is having on emerging markets. and australia, a massive player in the commodities complex. our next guest is coming to join us after a few months of a hiatus, and getting his take on where we are at the moment with this stock rally? is it all about passive investing, is it about active investment? so there you go. that is the flavor of the next hour or two. ramy: thank you, rishaad. we look forward to that. let us do a quick look at how markets are trading right now. you can see that the nikkei is

koch launching a multimillion dollar campaign against the president's tariffs. we had leaders about -- headlines about one of its leaders, davidoc no means a is by centrist organization, so for them to be aggressively arguing against these policies, senator mike leigh arguing aggressively against these policies at a time when the president and his senior economic officer are threatening to pull out of nafta in goa bilateral route. biodelf and said -- go a -- bilateral route. whenalso comes at a time the president, should he decide to pull out of nafta, would have to fall back on a bilateral deal with mexico and canada. he has got to give six months ing notice -- warning notice and that could be coming soon. shery: the bilateral deal of could be one of those elements that the white house is considering at the moment. we are hearing from larry kudlow. kevin: on that point, we have got to talk about the politics of some primaries happening today. which has it iowa, today, where the two senators from iowa, chuck grassley and joni are asked, two republicans ernst, two republicans arguing against scott pruitt on that policy. china.

david from histepping away business and empire because of health problems. his elder brothers charles is saddened by the news and will misss insight and contributions. he has been a primary leader of operation -- koc kochratio in terms of influence. this is bloomberg. ♪ is is bloomberg. ♪ sydney,:30 a.m. in where markets open in 90 minto . future ahead of that looking positive, .2% higher for the sydney open. i am haidi lun. ramy: i am ramy inocencio in new york. you are watching "bloomberg daybreauralia look at the firsts with jessica summers now. rackeda investors have the board, defeating a proposal to require in independent chairman. it approved the reelection of three directors. the board advised keeping elon musk as ceo as chairman. and others have proposed the idea of an independent chairman amid claims targend the board had failed to oversee elon musk. nxp higher after reports zte signed an agreement. the reuters report also quotes the commerce department, saying an agreement has been signed. the chinese company has replaced top executives, and president trump said it can resume business if it paid the $1.3 billion fine. government has asked saudi arabia and opec producers to increase oil produ

david zaslav and jay monahan, commissioner of the pga tour. time for the bloomberg business flash, a snapshot of the biggest stories. the koch president trump over tariffs. local networks backed by the brothers planning to launch a multimillion dollar campaign to promote free trade and derail moves to impose tariffs. the age have a net worth of about $47 billion. they did not support the trump campaign, but did chris's efforts to cut taxes. and qualcomm is asking the european union's general court to reduce a $1.2 billion antitrust fine. the penalty was imposed overpayments made to apple to make sure that only qualcomm chips were used in iphones and ipads. they argue that it did not hurt competition. ♪ and that is your business flash update. from new york, this is bloomberg. ♪ scarlet: from new york, this is "bloomberg markets." i'm abigail doolittle. abigail: on the session, you can see the dollar barely moving and some of the major pairs are flat. take a look at the australian dollar against the u.s. dollar, up 1% and hitting a six-week high, given by australia's retail sales figure that came out and it doubled. the streng