david steel told thorpe to resign, afterfinding out about the diversion of party funds.went public with his story of the conspiracy. at the end of the decade, thorpe was on trial. although acquitted. he disappeared from public life after that, suffering from parkinson's. although he made a poignant appearance at the liberal democrat party conference in 1997. jeremy thorpe died in 2014. that was a very condensed version of the plot. but it is worth also saying that there is also an enduring suspicion that the authorities, or the establishment, tried to protect thorpe and cover—up the affair with norman scott, and panorama last night ran an episode put together at the time of the trial, which made the case that a lot more had been known about thorpe than the authorities let on. well, let's talk to lord steel who joins us now from selkirk. a very good evening to you. i wonder whether you think surname was guilty of a conspiracy to murder norman scott? —— thorpe. we have to remember that 40 years ago a jury decided he was not guilty and those of us who had worked with him co

david: steel remains at the center of some contentious trade issues with reports that canada is consideringits own tariffs and quotas in response to the united states. to remain how -- explain how steel and iron or are being affected, lourenco goncalves. of cash cliffs -- cleveland cliffs. welcome both, good to have you here. this. -- take me through in some sense, it will help domestic steel manufacturers. what does it do to iron ore manufacturers? more steel produced in the united states is positive for cleveland cliffs. we were up before the impact of all these things. demand and demand and the economy is doing very well. david: that is good news. at the time, need these tariffs? why do we need to protect an industry growing already? lourenco: we don't need to protect, we need to level the playing field. china has been the perpetrator of a lot of different actions in terms of making trade not a level playing field throughout the world, particularly in the united states. tariffs have been put into place, we have seen early impact. earlier this week, markets were down and steelmakers were

steel, david burritt. great to have you with us.president is truly making a difference for you industry, isn't he? >> yes, he is. thank you very much, lou. we're delighted to be here and delighted to see that demand ha. so we're able to open up not just one blast furnace at granite city, illinois but two. and 800 people will head back to worknd we're putting them through the paces now and they're responding eption nallyy well. we're excited for our team and customers. so that we can provide mined, melted and made in the usa steel. lou: your company, your trade style is iconic america. and to think what u.s. steel has gone through over the past several decades is extraordinary. and it has required donald trump to basically step up and say to the world, you're out of your minds. we have such trade imbalances across the world. he's the only voice in leadership in the world, in the western world talking about trade imbalances and restoring rationality to the international trading system and the left and, if you will, the establishment r

david: still with us is bob steel, perella weinberg ceo.the m&a business overall. there is the perception that if at&t goes away -- some people think it should go -- and that would release the floodgates. you are involved in at&t -- we're not talking about that at all -- but is it a record you' already? this isa has it right, an important case and it has a lot mplications, so people will be watching. it is an important client for us, something we are focused on. we have had a good start to the year in m&a. is ifrspective we have you look at the industry broadly there doesn't seem to be any change in the offing. people are still looking to be on the front foot. they are looking at this portfolio, what i like to get rid of this, added this? the idea of making changes to adding innovation or adding scale are the drivers that we see all the time. sometimes the scale is expanding sometimes itlane, is geographic, but adding more scale. there was a perception that we understood how antitrust laws work. right now that is sort of thrown up in the ai

david: if they are abusing 232, -- congress is concerned with this on steel and aluminum and movements on capitol hill to curtail the president's authority on 232. could this trigger a bipartisan effort to cut back on the president's authority? >> it would require in practice a two thirds majority of the house and the senate. likelyally overcome the presidential veto of the action restricting presidential authority over trade protectionism. first of all, you have democrats who support some of the tariffs that president trump has advocated. and a lot of republicans who are wary of crossing the president. they do not want his supporters to be mad at them. it will be hard to get the two thirds supermajority. shery: some white house officials are trying to restart talks with china. that goes against some of the trade hawks in the white house. are we seeing more consistency in what the white house is doing in terms of strategies as we get deeper into the trade disputes? seendo not think we have much strategy with respect to trade from this administration. a strategy would require prioritizi

tonight's panel, david ignatius, carol lee, michael steele.an, michael, i swear, you are days you get put in this horrible box. what's -- is your party a cult? is donald trump's following a cult following? >> it is. >> is bob corker -- are they right? >> i think they are, chuck. i think in large measure they are. you see it play itself out in how the leadership has responded to this president, the lack of pushback against the things that do go outside the bounds of the institutions that we support, the policies that republicans have traditionally held on to and advocated for. all of that has gone by the wayside. the president has been very effective at leading up to and now executing on using his popularity and that relationship that he has been able to forge with what was once a small minority of the party, now bigger part of that party as a cudgel against those who don't support a policy or the outside of this who personally he does not connect with where there is this disconnect because you know they are n on the same page as the president

david westin. julia chatterley is here. alix steel is off today.ediate hit to global risk sentiment. we are taking back some of those earlier losses. 1%,futures down just over the dow off by 1.3%. at the lowest point, down 450 points. so we are easing slightly as we head toward the open. the japanese yen, the traditional safe haven relative to the u.s. dollar. flight to quality right now. and just to reiterate what david mentioned, the pressure that we continue to see on emerging markets, foreign-exchange south african rand. at a session low. for the gainers, it is unchanged, all pressure. david: that is pretty dramatic. time for the morning brief. at 8:30 we get housing starts and building data permits. blankfein will be speaking at the economic club of new york. and after the bell, we get fedex and oracle earnings. right now, let see what's happening outside the business world with emma chandra and first word news. the train dispute between the two largest economies is escalating. china vowed to retaliate after president trump threatened terrence

david: welcome to "bloomberg daybreak" on this thursday, june 28. this is a red letter day. alix steel is following soccer. alix: i totally surprised david this morning. i clicked on an article in the bloomberg. it was about soccer. david: it is quite a big deal. alix: you should have heard the newsroom yesterday. we are seeinghat and soccer, let's take a look at markets. s&p futures trying to hang on. -dollar stronger. a bazaar dollars session. stronger on the day, then weaker. 10 year yield pretty much goes nowhere, and crude going nowhere as well. high,g at a 3.5 year rippling through the market. david: you will tell us all about it. alix: you know it. the morningnow for brief. u.s. personal consumption numbers and gdp growth last quarter. at 1:00, the u.s. treasury selling $30 billion in seven-year notes. the, the fed releases second part of its bank stress test. that is when we learn how much capital banks will return. alix: time now for bloomberg's first take. guests.oined by our we want to start with europe. is consumer confidence, euro -area confidence, and economic outlook con

>> you've got several different tranches here, david you're exactly right but plus add to that the steel and aluminum tariffs the 50 billion in ip theft and the president is talking about a couple hundred billion more in tariffs the white house started rolling out this argument they feel as it stands right now at this moment moving forward with the emerging trade tit for tat with the chinese they feel that the u.s. is currently better positioned than china, was one of the top trade advisors to the president peter navarro someone who aligns ideally pretty much exactly what the president as it relates to china saying just look at the export/import number s for example, last year in 2017 the u.s. sent about $130 billion worth of goods into china, the chinese sent just a little bit north rather of $500 billion worth of goods our way, so navarro was rolling out the argument that the chinese is more exposure to risk than us and a conference call with reporters he said the following. what the president did yesterday in announcing additional $200 billion is clear, that china does have much more

lisa: the steel tariffs are set to kick in on july 1. david: that explains the timing.a: from new york, this is bloomberg. ♪ ♪ this is "bloomberg markets: balance of power." i am david westin. lisa: i am lisa abramowicz. a felon the first to take a chance on a then president donald trump. here with more on what we are to expect, we are joined by jeanne zaino. thank you so much for being here. let's start with how much these primaries matter with respect to what we can glean from the midterm elections, and whether the republicans or democrats have the upper hand. jeanne: one of the big questions is of course, will the democrats take the house? they need to pick up 24 seats. two races today will give us an indication, one in colorado where we have a vulnerable republican and in new york. both republicans, both a little bit vulnerable. democrats are feeling like they could pick up these seats. a big question for democrats in a state like new york, they have so many democrats going against john faso, will they eat each other alive and come out more vulnerable? david: there

i'm david westin with alix steel. alix: i love the movie. esting how the markets have reacted to the ecb decision? they said, let's take another look at it. alix: it was the two headlines. there was a higher euro call. and then a reversal. s&p futures pretty much flat only up four points. bank stocks got hit hard in europe. euro-dollar down .5%. the selloff in the bond market in europe has completely reversed itself. it is buy bunds. continues topread rise. . am watching crude time now for the morning brief. mario draghi will be holding a news conference and we will learn more about the decision he announced. then we will get retail sales numbers and jobless. numbers and jobless claims. we are talking about the world cup in moscow with saudi arabia starting against a russian team, meeting withputin the oil minister. alix: and we had the g20 meeting tomorrow. and then we have opec next week. surprised oil markets are so,. marketsso surprised oil are so calm. ceremony for conversation? do they watch the game? david: and watch -- and what langua

are just broad-based tariffs on aluminum and steel -- canada, mexico, or europe -- the kinds the -- opportunity to have the economic front with china. david: on the broad-based tariffs on steel and aluminum, which have alienated allies as you directly say. there is some movement on the hill to curtail the president's power. are you in support of that? rep. paulsen: i'm in support of leveraging congress' is this constitutional obligation. it is our duty to impose tariffs. we would need the president's support ultimately to do that. there are other avenues as an independent branch of government , to exert some influence on the administration. we are exploring those options and we need to have that dialogue. we need to have a framework where we are all working together to keep the economy going and of slowing down. shery: would you give us details on those options? rep. paulsen: some options, we authoritycise 232 giving extra connector congress, but also appropriations to the department of commerce, other areas of the administration, subject to approval or disapproval, certain tariffs or trade policy. we don't want to get into that tit-for-t

i'm alix steel. david westin amazingly took a day off.keep trading. -- .3 of 1%..3% we are below it. what does that mean for risk-taking? the 10 year yield unchanged. it looks like if you want to buy safety, you want to go into bunds. the interesting move over the last 48 hours came from the treasury market. this is the chart of the 10 year yield and the blitz that happened late afternoon, treasury yields dropped nine basis points, and then recovered some, but now, we are all five basis points. bellore on that is lindsay , an investment strategist. good to see you. >> good to be here. alix: we worked 20,000 years ago. yesterday, what you understand that happened to treasury markets? interestingwas an look at treasury markets. it is been up and down in the treasury and stock markets. there is a lot of anxiety out there right now. if you are one of those types of investors that is anxious, you have to be in some safe havens to ease your fears, but we ultimately think the stock market will continue to go higher as a year proceeds. alix: how

david: ty were clearly prioritizing the production of steel and aluminum in imposing these tariffs onhe eu and other u.s. allies, but we have already seen the first step which is that companies harley davidson are facing higher prices. the administration had to see that these large tariffs impos on friday, in response to the u.s. tariffs, were going to have an impact. maybe not as quickly as wasd announis morning, but this is not the last example of companies reassessing production. a lot of auto companies are do another trade action in the works. jane: arwe likely to see other auto companies follow harley davidson out of the country? david: certainly reassessing production. just this last week they have to respond to a deadline as the administration considers imposing new tariffs to all imported cars. when the eu proposed those tariffs, president trump threatened a new 20% tariff. these company's are looking at it, but it takes a long time. it takes years to move auto production from one company to another. -- one country to another. jane: is this something that harley was looking at

david: welcome to "bloomberg daybreak: americas," i'm david westin with alix steel. you know what i got to do yesterday? i watched croatia-argentina. alix: i came back my show and i was like david is not here, something is wrong. david: i had a big lunch, canceled. alix: it was amazing. no one expected it. david: particularly no one expected that messi didn't show up. he was not a big factor. croatia played a big game, 3-0. alix: what was the other upset -- germany? david: england pulled it out against -- alix: you are laughing at me. back to the markets. a friday morning rally underway. you will not take the conditions very seriously to the close. as in the future up 13 points, rallying on better pmi. long and yields, up 10 year. brent confused but higher, over 1%. headlines out of vienna on opec. david: the mourning grou brave. -- the morning brief. pmi from the united states and as we just heard, opec ministers are meeting as we speak in vienna. we are waiting to see if they have a deal. over the weekend, watching turkey, presidential and parliamentary elections, c

i am david westin with alix steel. this week's packed for alix: it is. you did work on singapore. he is pretty nerdy and i made in a good week. -- this week is packed. -- alix: it is. david: the number three financial cter and number three in per capita gdp. malaysia kicked them out in 1965 d almost did not exist. a major force in the world. alix: see? there you go. the markets is a lot more simple. a very big week. a position is taken and features pretty much laid. they euros-dollar is trying to eke out a gain. the mexican peso is struggling. the treasury market is selling of the back end. of one basis point. over $190 billion coming on from t-bills and regular deals. more on that. crude is up 1%. apparently russia was pumping more this month above their limit of what the supposed to do ahead of a soccer match, world cup. david: i am surprised about that. you think putin will talk about it? alix: turning to this start mmit between president trump and kim jong-un are set to talk. julia is life with the latest. -- is life been with the latest. the heat has been turned up after we ha

the mac starting to be felt hallway david song movin production tootorcycles out of the u.sid to avo the tariffs the eu put in place in response to the steelriffs, it's the only sustainable option, as you can imagine the president decrease tweeting that harley david son would be the first to wave the white flag. i fought hard for them that they would not pay tariffs in the eu, patient.st a hallway excuse be the stock market took a big hit ov reports the president plans neto crack down onse investment in major technologies in the u.s., the dow closed down mo than 300 points toda g >>>ng to the u.s. mexico border for more on the ongoing crisis and immigration debate. ♪ . ♪ . ♪ . ♪ . to three generations montgo elrich's.y is home we love it here. but we have to work to keep it great, like fixing transit and trafc creasing open space where my grandchildren commute. an play. like fixing transit and trafc and reducing classroom sizes for all our kids. that's why our next county e has to require developersro to solve tblems their developments create. as county executive, that's ectly what i'll do. for every genera to solve tblems their developmen

i'm david westin with alix steel. harley davidson, as we know there was a retaliation against harley davidson specifically. 6% tothe tariffs went to 31% for those being imported to the european union. it looks like they will take a hit. david: but the symbolism is important. a quintessential american brand. and one of the effects will be shifting production, so that is not good. alix: it does not mean good things for jobs in a country where donald trump wanted to bring them back. we are waiting for the morning tweets. david: we will see. they were targeting ryan because he is from wisconsin. alix: not helping the risk off sentiment that is percolating through the markets. take a look at s&p futures, down 17 points. over 200 for the dow. is where you go for safety. and a little bit of buying in the long year, 10 year, up a little bit. and i am trying to understand what opec did in the last 48 hours. can you tell me? david: if you do not know, i am sure i do not know. alix: we will work it out. david: time for the morni

i am david westin with alix steel. reportame out with a that president trump may pull out of wto, and then you read the report he has been thinking about this for a while. alix: i do not have all the details and then two seconds later you are like, chill. in the market, we take a dip lower and start to use -- climb up. david: you have to read the bottom of the axios report. alix: it shows you how sensitive markets can be, especially on a day i am guessing liquidity will be really liked and we will have volume be light as well. s&p futures are up about six points. euro-dollar up 6/10 of 1%. you have a migration deal for italy so is there a sense of cohesion in europe? inflation hitting 2%. part of that is oil. the 10 year yield up one basis point. , alan greenspan says that is a good thing. david: alan greenspan likes flat curves. alix: that is not a recession indicator. david: to correlate with capex. we will get core pce and spending numbers for the month of may. the university of michigan will be out with its index o

central bankers president draghi says they will be -- welcome to bloomberg daybreak, i'm david westin. alix steelre and never a dull moment. -- julia: let's look to the markets in the interim. more tariffs as an instant hit to risk sentiment. stocks europe 600 up by 7/10 of 1%.

david: i'm david westin alongside alix steel. alix: no jet lag, tweeting up a storm.to do with oil. oil prices are too high, he tweets. opec added again, not good. if you talk to market participants, there is a conspiracy theory that saudi arabia and the u.s. worked out a deal. you are going to help us with oil prices. davi i don't know if there is antrh to that, but president trump will say that is why you elected me. i made a deal. alix: it feels like them pumping more is a done deal. it just depends on when and how much. that will be the question ove the next few weeks. .1%nt is only done by on that tweet. s&p futures modestly higher. it will be study as she goes heading into the fed meeting. .01%.ollar up by 2/10.is points for the a half hour from now, we will get u.s. producer price index data for the month of may. then at 10:30, we get the eia crude inventory all report. that 3:00, the federal reserve releases its rate decision. we will bring you special coverage here at bloomberg beginning at 2:00 eastern time. 7:00 in london. let's hear what's ha outside the b

now on both sides of the atlantic is a trade war that's over tariffs aimed at steel and aluminum so we're not talking about david there it's almost anachronistic isn't it it is look and it's obviously all about president trump playing to the base of his voters and making good on his election promises namely to take a tough stance on globalization and on what has been construed as unfair terms for america in this global regime so he is addressing the middle of the country not the two coasts we essentially have two countries with an america the coasts the elites that have benefited from globalization and those people in the middle that feel increasingly sent back because their prosperity is not keeping up with globalization yeah i mean we've heard that time and time again and i'm sure you've heard that in the interviews you've been doing for your your book you're in berlin right now talking to high level government officials you've done the same in washington at the white house what have you been hearing i have found the people that i have been talking to at the white house remarkably open and collaborative as we.

i'm david west and with alix steel. it is the world cup. this is himin, speaking at the opening of the world cup. saudi arabia versus russia. look at the hand gestures. russia won 5-0. you can see him saying, what are you doing to us? alix: vladimir putin saying, we are just better. they totally crushed them. david: this is not customer tennis. this is, we will be you no matter what. alix: did it feed into oil conversations. pump more oil, because we are better at soccer. risk off tone on this friday. s&p futures down by about 11 points. euro-dollar is up. still heading to be the worst week for the euro since november of 2016. a monster fall yesterday, but nonetheless it feels trade wars could be winning out today. spread, and this does not seem far-fetched. 1%.e down by 3/10 of questions on how much opec and russia may pump. david: bloomberg first take. michael mccain is here. -- michael mckee in his here. and the tariffs. we will put up a chart that shows the extent to which we are importing chinese goods. we have the white bars going acr

david: welcome to "bloomberg daybreak: americas," i'm david westin with alix steel. to do yesterday? i watched croatia-argentina. alix: i came back my show and i was like david is not here, something is wrong. david: i had a big lunch, canceled. alix: it was amazing. no one expected it. david: particularly no one expected that messi didn't show up. he was not a big factor. croatia played a big game, 3-0. alix:

steel ceo, david burritt.about what kind of challenges they face, and of course, the impact of the recent tariffs, how much that helps them and what we'll see in terms of retaliatory tariffs from other countries and whether that blunts the impact they were getting. >> see what donald tusk tweeted? >> he has been trash talking on twitter. >> he said today there's a special place in heaven for justin trudeau. >> because he organized the g7 so well? >> twitter attacks from world leaders is something that's hard to get used to. >> they've figured out this new tool of diplomacy. >> that's the president trump way. >> we'll see you on "power," sara >>> when womb back we'll talk to telemundo cesar conte. and ajit pai will join us in am. >>> good morning it is 11:00 p.m. at the nuclear summit in singapore. it is 11:00 a.m. on wall street and "squawk alley" is live ♪ look if you had one shot or one opportunity to seize everything you ever wanted one moment to capture ♪ ♪ his palms are sweaty knees weak arms are heavy th

i am david westin here with alix steel.a little sorry for the turkish central bank. more than did hike estimated, they were looking for 100 basis points. again, you get a spike in the lira, but will that last? especially when you have the election at the end of june. david: you have president erdogan breathing down your neck. alix: the nasdaq closed at a record high yesterday and s&p futures now up by two points. 3400 on the s&p this year. the euro grinding higher, the dollar losing steam overall, 1.18 is how we print. that is causing gains in the equity market to pair as euro and equities cannot seem to move higher. in germany, yields moving higher in the bond market by three basis points and crude up by one full percentage point. david: the turkish central bank raised rates today, apparently impressing investors. the lira gaining on the lose. we are joined by is simple with the reaction. markets and do overall and how long is this likely to last because we have an election this month? thisme will see how long will last. t

i'm david westin with alix steel.ow there was a retaliation against harley davidson specifically. 6% tothe tariffs went to 31% for those being imported to the european union. it looks like they will take a hit. david: but the symbolism is important. a quintessent

david eades. world leaders react furiously to president trump's decision to put steel and aluminium tariffs on america's closest allies — unveiling a tit—for—tat response. live from london, that's our top story on friday 1stjune. france's president macron tells donald trump his tariffs are illegal as affected countries set out their retaliatory measures — ranging from levi jeans to ballpoint pens. also in the programme... more political instability in the eurozone — spain's prime minister mariano rajoy is expected to be forced from office in a no confidence vote later today. and we will keep a close eye on the markets. european markets have openedin markets. european markets have opened in the green. and it's been a big week in the world of business — we'll be looking at why italy's political crisis managed to spook the markets, as populist parties there make a fresh attempt to form a government. it's been a big week for driverless taxis and drones as food deliveries via flying drones get the go—ahead in china — how ready are you to embrace the future? just use the hashtag #bbcbizlive. hello and welcome

i am david westin with alix steel. trump may pull out of wto, and then you read the report he has been thinking about this for a while. alix: i do not have all the details and then two seconds later you are like, chill. in the market, we take a dip lower and start to use -- climb up.

i am david westin with alix steel. this week's packed for alix: it is. you did work on singapore. he

david eades. a trade war in the making: us commerce secretary wilbur ross announce that massive us tariffs on eu steel imports came into force today. the australian bank anz denies claims made by australian authorities that it is involved in criminal cartel activities. and on the markets: they are down a bit. the dow was down, the nikkei and the hang seng are bumping around the middle ground, which might come as a bit of a surprise given what we have seen with us tariffs being announced. there was positive news coming out of asia for some trade and the italian situation seems to be resolved. so all in all a bit of a steady ship. the us has slapped steep tariffs on metal it imports from key allies, including the european union, canada and mexico. the trump administration says the levies are needed to protect national security, while the countries on the receiving end of the measures have promised to retaliate. from new york, the bbc‘s paul blake. all smiles for the camera, but behind closed doors are simmering family feud. just a day after meeting european leaders in paris, us commerce secretary wilbur

david: welcome to "bloomberg daybreak." it is all about trade. alix: very specific movement with trade. i was struck by how much more the peso moved to the downside. part of that was mnuchin talking about steel tariffs, but shows the vulnerability of mexico. david: industry after industry figuring out what does it mean for them. it is not in the abstract anymore. alix: china is like, yeah, we will buy some colal for you. david: the politics are not very subtle. is where the market is trading. the deck story has to be the selloff in bonds in europe. futures up five points. up as the ecb takes a dovish tone out of the markets. you can really see that in bunds , jumping eight basis points. crude continues to roll over a little bit. week will be the g7 meeting next week. the top story in the market perspective has to be the ecb. that theclear governing council will have to make this assessment. this assessment will be weather progress has been sufficient to warrant a gradual unwinding of net asset purchases. said was not very different from what the ecb has said, but enough to reverse the dovish feel. >> the devil will be in the details. unwindalking about an where they will reduce the balance s

i'm david west and with alix steel. it is the world cup.orld cup. saudi arabia versus russia. look at the hand gestures. russia won 5-0. you can see him saying, what are you doing to us? alix: vladimir putin saying, we are just better. they totally

david: president trump headed to minnesota, a blue state he's hoping to flip to red by november's primaries. with the success of steelminum tariffs, connell mcshane in duluth awaiting details on tonight's rally. i would say, connell, if he gets this deal on cars from europe going to zero tariffs, that's another thing that could be a success. we'll see what he talks about. reporter: it could be, and i would think a lot of trade issues come up tonight. we've been talking about it all day with business leaders and residents here in this area because it's very, very important to them. president is focused on immigration in washington before flying out. trade in the city of duluth, not far from canada and there is support for the president's tariffs. you mentioned this is a blue state, has been for years in presidential elections but has a streak of purple and republicans, before we get on presidential re-election are hoping to take it back in the fall. i have karen housley with me, i know and david was saying this, tougher republican traditionally to win statewide. what's the key for you in minnesota? >> the key is to ge

david: welcome to "bloomberg daybreak" on this thursday, june 28. this is a red letter day. alix steeld this morning. i clicked on an article in the bloomberg. it was about soccer. david: it is quite a big deal. al

steel in south carolina. here's a story that just came out. davidwood guide for the reason i do this, plenty of them voted for me. david lynch could go down as one of the greatest presidents in history. of course there goes his career in hollywood. veteran filmmaker thanks donald trump could be remembered as one of the greatest presidents in american history because of the way he has shaken up the political establishment. however, he now appears to believe that because he was a democrat or is a democrat or something, he actually voted for obama. he says they believe trump may have been the right choice after all. he goes on to say that som trump could go down as one of the greatest presidents in history because he has disrupted this thing so much and no one has been able to encounter this guy in an intelligent way. by the way, they call them the elite. you know if you are, you're the super elite of changing titles. everyone here makes money, pays taxes, does a great job. you're smarter, you're better, you're more well. we have the greatest face in t

david eades. a trade war in the making: us commerce secretary wilbur ross announce that massive us tariffs on eu steelnd the middle ground, which might come as a bit of a surprise given what we have seen with us tariffs being announced. there was positive news coming out of asia for some trade and the italian situation seems

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steel. in south carolina. here's a story that just came out. david lynch, the great film maker. he puts down headlines, trump couldn't go down -- a hollywood guy. the reason i do this. you don't hear this. plenty of them voted for me. plenty of them voted for me. david lynch, could go down as one of the greatest presidents in history. there goes his career in hollywood. veteran film maker believes president trump could be one of the greatest presidents in american history because of the way he has shaken of the political establishment and because of what i've done. however, he now appears to believe because he was a democrat or is a democrat or something, he actually voted for obama. [laughter] here it says he voted for bernie sanders. but he now says however, he now appears to believe that trump may have been the right choice after all. [cheers & applause] he goes on to say that trump could go down as one of the greatest presidents in history because he's disrupted this thing so much, no one has been able to counter this guy in an intelligent way. by the way, you know, they cal

steel in south carolina. here is a story that just came out. davidynch, the great filmmaker, he puts down headline, trump could go down -- this is a hollywood guy. the reason i do this, you don't hear this. plenty of them voted for me. david lynch could go down as one of the greatest presidents in history. there goes his career in hollywood. veteran filmmaker david lynch believes president trump could be remembered as one of the great hest presidents in american history because the way he has shaken up the political establishment and what he has done. but however he now appears to believe, he actually voted for obama. and here it says he voted for bernie sanders. but he now says however, he now appears to believe that trump may have been the right choice after all. cheers he goes on to say trump could go down as one of the greatest presidents in history because he has disrupted this thing so much, no one has been able to counter this guy in an intelligent way. by the way, you know, they call them elites. you know what you are? you are the super elite

steel in south carolina. here is a story that just came out. david lynch, the great filmmaker, david lynch he puts down a headline " trump could go down" this is a hollywood guy. plenty of them voted for me. 20 of them voted for me. david lynch could go down as one of the greatest presidents in history. there goes his career in hollywood. veteran filmmaker david lynch believes president donald trump could be remembered as one of the greatest presidents in american history because of the way he has shaken up the political establishment and because of what i've done. however, he now appears to alieve, because he was democrat or something, he actually voted for obama. ha-ha. it says he voted for bernie sanders. , however, heys appears to believe that trump may have been the right choice after all. [applause] he goes on to say that trump could go down as one of the greatest presidents in history because he has disrupted this thing so much. no one has been able to counter this guy in an intelligent way. and by the way, they call him the elites. you know w

david: welcome to "bloomberg daybreak." it is all about trade. alix: very specific movement with trade. i was struck by how much more the peso moved to the downside. part of that was mnuchin talking about steelico. david: industry after industry figuring out what does it mean for them. it is not in the abstract anymore. alix: china is like, yeah, we will buy some

steel in south carolina. so here's a story that just came out. davidynch, you know, the great filmmaker, david lynch he puts down headline, "trump could go down -- he's a hollywood guy, the reason i do this, you don't hear this -- and plenty of them voted for me. plenty of them voted for me. david lynch, "could go down as one off the greatest presidents in history." there goes his career. veteran filmmaker david lynch believes that donald trump could be remembered as one of the greatest presidents in american history because of the way he has shaken up the political establishment and because of what iab have done. however, he now appears to believe, because he was a democrat or as a democrat orin something, he actually voted for obama. [laughs] and here it says, he voted for bernie sanders, okay? but he now says, "however, he now appears to believe that trump mayy have been the right choice after all." [cheers and applause] he goes on to say that trump could go down as one of the greatest presidents in history because he has disrupted this thing so muc

david: with respect to ohio, generally we have some numbers about net adds and subtracts. adding jobs in the steelustry, but you lose substantially more in other manufacturing industries because of the cost of goods. does that raise a particular problem with you for your constituency? rep. ryan: i think we are just looking for fairness. if the chinese government is subsidizing an industry, then we top an obligation as the economy in the world, for now, to make sure that the law is enforced, the rules are enforced. i think it needs to get back to enforcement. what is going on with europe and canada, i think that is a terrible idea for a variety of different reasons. now we are hearing today about harley davidson. that is what is going to happen. i was in a steel mill in ohio last week. they could potentially lose a couple hundred jobs because they get their steel from europe, and the tariffs are going to potentially reduce the workforce there. againstthese tariffs allies and people who have similar human rights and labor laws. we should compete fairly with them without these tariffs. shery: preside

that the president has started imposing tariffs on imported steel and aluminum saying trade wars are good and easy to win, they have harley david on the move shifting its production overseas to avoid retaliatory tariffs introduced by the eu. this prompted this response from the president as he flew to south carolina. surprised that harley davidson of all companies would be the first to wave the white flag. i fought hard for them and they will not pay the tariffs in the eu that hurt us. taxes just a harley excuse. be patient #maga. >> a spokesman for house speaker paul ryan, harley's home state said this is further proof of the harm from tariffs. the best way to help american workers, consumers and manufacturers is to open new marks for em, not to raise barriers to our own market. republican senator ben sasse said in a statement, this will go over like a vespa at sturgis. the problem is not that harley is unpatriotics, but the tariffs are stupid. they are tax increase on americans and we are going to see more of this. harley davidson said in prepared remarks that increasing international production to alleviate the tariff burds