>> foxconn's founder for the last several years has been trying to find out how does foxconn exist amore independently of apple. i think roughly 54% of the company's profits come because of its relationship with apple. and i think he knows well enough that this is not a way to have a successful business, to be such -- almost like a subsid year to apple in some of -- subsidiary to am in some of these ways. he spun off a -- apple in some of these ways. he spun off a company. he's trying to make foxconn be more of an a.i. innovator in itself and less just a place that manufacturers put together parts for other companies, makes a lot of money doing, it but i think he wants to climb up the chain. coming out of asia this week and next. are you thinking that we're going to see any impact of the tariffs on their earnings announcements or is it too early to say? >> i think it's a very important question. i think if we do see a negative impact, it's a really good sign that investors are gearing in for a long-term -- not necessarily slowdown, but a long-term hit because of u.s.china trade tensi

foxconn. wisconsin taxpayers paying $200,000 jobs for foxconn to come in.ing about electric bills going up. >> sure, all corporate welfare. liz: that is different ballgame. >> i agree there is so much opacity is bigger problem. liz: kelsey, final word. >> i think there is a lack of transparency in regards to amazon what is actually going on in this. sounds like some sort of a scheme. they need to be open, take a lesson from what facebook learned in their lack of transparency and telling us are you creating backdoor deals making americans power bills go up? because that's a big deal. liz: kelsey, danielle, thank you so much for coming in. appreciate it. >>> next up, twitter chief jack dorsey is admitting twitter is left-leaning and biases but he maintains twitter doesn't shadow ban conservatives. our next guest says, hold on a second. you, twitter, are censoring me. army veteran jim hanson says that is what is going on with him. he will speak out after the break. stick with us. ♪ls l congestion, which most pills don't. it helps block six key inflammatory sub

this is foxconn and a meeting on syria between germany france russia and turkey kidney useful it's nice to be well prepared that is the reason why there is no date for it yet we are working on a prepared to a meeting of our advisors and asked her words who will decide whether such a meeting makes sense. i think chancellor merkel has landed a few minutes ago here at schloss mexico just outside. the two leaders do you have history together merkel has been a fierce critic of mr putin in the past she has criticized him they have clashed on numerous issues not nonetheless in recent times the have been drawn together into a sort of a political marriage of convenience both countries have had a rift with trump with america they've suffered from economic tariffs russia has been hit with sanctions with more to come from the arctic states as a result of the knowledge of scandal and merkel being criticized by trump for being independent over dependence and fact russia's captive because of gas supply speaking off the last of the north stream to pipeline it will also be on the agenda that's a project

i mean i remember it wasn't too long ago and people were there's hewett outcry over the net that foxconnwas erecting around the apple factories in china because people were jumping to their death and they needed them back in the factory to assemble i phones but this is similar in land base but as well as work additions are now bordering on that kind of exploitation and again nobody is saying anything at this time i guess because most of congress actually own stock and a lot of them on amazon stock so they're completely conflict that now they're talking about the system being rigged how can it be on rigged you know as big coin the answer like ok or yeah so i think i think first of all you know human beings in an american stalking to one another and and explaining to each other how things are and how people are struggling and suffering in real journalism is key and so again this is why facebook is trying to you know crack down on alternative opinions and keep everything like really nice tidy and cozy to like fox news in and as n.b.c. talking points that's one things we've got to talk to ea

because foxconn, foxconn if there are pressures foxconn will move elsewhere as they moved into chinabut apple does have a real problem, and the other thing that i would be worried about, would be the pharmaceuticals they have located a lot of manufacturing to china. >> gordon i look at this situation, and markets don't seem to care that much -- past couple days but near all-time highs u.s. stock markets what is the message here? because i am hearing about this and just seems like, for lack of better way out to p it u.s. president trump have hands they areh here a lot more leverage looks like what is going on tariffs is going to hurt china a lot more than hurting u.s. in terms of manufacturers and consumers what are we missing here? you mentioned intellectual property, things like that, but seems like china has been getting away with that a long time is there recourse against that what is what leverage does china really have here. >> the leverage that china has, because, first of all, they don't have leverage on tariffs, i mean last year we imported 505 billion from china we only expo

trump was jonesing for another rally, so he air force one'd it to wisconsin, to the opening of a new foxconnlant, and praised their chairman, terry go. >> you know, he's going to make robotics here. they're doing many other things, including full television sets. >> stephen: oh, great! i'm sick of those television sets where you have to buy little pieces of the screen one at a time. ( laughter ) the upper left-hand corner of "westworld" is making no sense this season. ( laughter ) and in his speech about the future of manufacturing, trump stayed laser-focused on two years ago. >> you know, i just realized, the other day, they told me-- when we won the state of wisconsin, it hadn't been won by a republican since dwight d. eisenhower in 1952. did you know that? >> stephen: i did not know that. because that is not true. ( laughter ) it's not-- i did not-- i didn't know. that's on me. i didn't know. ( cheers and applause ) >> jon: didn't know it. it's not true. >> stephen: both richard nixon and ronald reagan each won wisconsin twice. and you know who else has won since eisenhower in 1952? eisen

foxconn makes a lot of iphones here for apple there are a lot of other companies as well.onsumer electronics as well as toys, clothing, all of it is made in this part of china the fear is that as the tariffs sink in and if they stay for a while that could be disruptive for international supply chains. that the factories here would become less competitive. the concern is there, but it's still an open question as to whether or not that pressure is going to be felt at the talks in washington if the chinese would feel that pressure to do a deal. >>> let's put the numbers in context. we're talking tariffs on 16 billion in goods not 16 billion in tariffs. so 25% of 16 billion, 4 billion. that's under half a day's spending for the u.s. federal government, or about the value of the dallas cowboys. the numbers are not huge yet you have to start somewhere. sometimes we see you in beijing, sometimes shenzhen you travel all over. are you seeing evidence on the ground, just the folks you talk to every day that this is hurting them yet >> well, you were talking about all of those number

foxconn is a global company. intel, global chipmaker.among the companies i have analyzed. they make components and final device. it is everywhere. guy: who is not buying the devices? i look at u.s. consumer spending, and u.s. consumer spending is pretty high right now. i assume it is someone else. my right -- am i right? >> we are seeing a slowdown in the smartphone business. the pc market has been slow for a while now. themselves,anies apple and samsung and everyone else over buying? are they stockpiling and hoping they can sell it next order? have, this concern i mismatch between revenue growth and stockpile growth. guy: where does the value lie in any given device? where is the value? the way i look at it is gross margins. it is the cost of goods sold less taken away from the sale. apple is putting a lot of value in with r&d and market. the chip industry does so as well. arm, qualcomm, that is where your value is. tom: thank you. really original work, spectacular charts as well. we will continue with the dow at 26,000. james bevan wit

to the certain collective bargaining power for unions and opposed the $10 billion electric maker foxconnalls it a handout. also republicans are trying to field the strongest challenger to unseat democratic incumbent senator tammy baldwin. the g.o.p. fund-raising leader is kevin nicholson. one time president of the college democrats of america who broke with the party of his parents were still democrats over that party's pro-choice platform. this had a candidate with the establishment support here is state senator leah vukmir. hope she gets credit for the state strong economy while she's been in the state house. they are also having a primary minnesota. that's the state president trump barely lost in 2016 2016 and ie to one of the few house districts were republicans think they can go on offense. up in the iron range where the impact of new tariffs may play out in real time. a trumped trump backed candidag to flip a seat they're long held by democrat rick nolan. there is a dark cloud over the race to be attorney general with the vice chair of the dnc, democratic commerce and keith ellison

foxconn firmed earlier this month that mcgahn cooperated extensively with special counsel robert mueller's team and that mcgahn was trying to protect himself from taking the fall in the russia investigation. he testified, we're told, for some 30 hours. president trump claims he personally approved mcgahn's interviews with investigators as we know. we have also known that mcgahn could be on the way out for a while now. our chief white house correspondent john roberts first reported back in the month of may that don mcgahn was talking about leaving by the end of the summer. john is live at the white house on fox top story. hey, john. >> shep, good afternoon to you. one of the emit was brought to ty cobb that was an indication that don mcgahn was preparing to leave emit flood is the a friend and colleague of his person he would like to have as white house counsel. people began discussing that mcgahn might leave as early as this summer and wait in the midterm elections. then rumors started flying about the pending retirement of justice anthony kennedy and mcgahn would likely want to stay on th

given all the other consolidation with comcast and 21st century foxconn does a larger consolidation -ake a larger consolidation favorable? >> this is a john malone company. he has thrown out there combined discovery with charter and lions gate potentially. then you have movie, tv content, and distribution packaged into one. that could be competitor into at&t time warner, comcast. david: there are some media companies that want to move into international spheres. >> that was a big appeal of the scripps network. you can take hd tv and the food network and expand it international. discovery already had international falls, so they could take it international at a cheaper and faster rate. david: did we get any loss of subscribers? >> they did get subscribers coming down this quarter, which is a big red flag. subscribers to fully debated networks down 3%, which is a warning sign to networks. discovery is trying to push its own streaming service. this is disturbing. david: thank you. up, sharmin mossavar-rahmani, goldman sachs chief investment officer. this is bloomberg. ♪ ♪ this isn't just

at foxconn and donald trump is supportive of that.dson an iconic american company he's berating them over twitter constantly. and the timing. really? wasn't it sunday, i think. really? he had to do that before the tuesday primaries and force republicans to take a stand and. >> we're following the latest on the secret recording from inside the white house. "morning joe" is coming right back. so you have, your headphones, chair, new laptop with free 24/7 tech support. yep, thanks guys. i think he might need some support. yes. start them off right. with the school supplies they need at low prices all summer long. like these for only a 25 cents at office depot officemax. your but as you get older,hing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brai

the session getting underway with the world's biggest assembler of electronics, otherwise known as foxconnwe expect the drop, the today drop just about 24% -- just over 4%. over the year, 30%. surprise drop in earnings, amid the demand for apple products, but certainly when you talk about the threat to asian supply chain the result of the trade war, that is one of the names to watch today. also counting down to the open in hong kong. slow credit growth in july for china, really highlighted the concerns that remain and perhaps gives voice to those people who say more must be done to boost chinese growth. looking at the market open and what will be a very heavy day for those markets. >> yes, it is a data heavy day and we have had a disappointing round up over the weekend. that just china may require more easing. looking at them equity investors hoping for a turnaround in south thackeray data, which could add -- soft factory data, which could add momentum to those stocks we saw monday. the line a yellow, this is expected to come in stronger after moderating in june, so a stronger pickup in ju

foxconn makes the iphone, but apple makes all the money.nies do not want to just make the hardware, while somebody else makes all the money on obstructions to the right services. what is surprising is that big of a valuation. it is saying that uber is worth way more than tesla, and most of the major car companies. general motors is with way less than $72 billion right now. so that tells us that the market sees ride-hailing as the next big thing, are moving up the market, but those who are lining up investments in uber see this as the next big thing. and when you have subscription revenue like that, service revenue without owning the assets, the cars, and uber doesn't right now, you can print money on a business like that. caroline: what does it tell us about the ipo move for it were? -- for uber? we have seen a new cfo coming over from bank of america merrill lynch, and they are looking at buying up 2019. does this injection of cash pickup further down the road, or does that help believe -- raise up the valuation and get people excited? dav

he has name id, a ton of money, and the democrats, all of them are against the foxconn deal, and walker is for it. the economy is a big, big issue in wisconsin, and scott walker is going to be able to take credit for that, and see if that pulls him through one more time. neil: we shall see, tom, always fun having you, appreciate it. >> thanks, neil. neil: remember the subprime mess where you could give a mortgage to anyone with a pulse and people would back it up and collateralize it and then of course we went kablooey, guess what's back in the subprime loan business. after this. i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up.

it's a taiwanese company, foxconn that has done the assembly now chinese costs are so high, and withsions in the u.s. relationship, looking for a country like vietnam to take that assembly line roll, that's possible but the chinese market that's the story for apple than gm. gm sells more vehicles in china than in the u.s. >> it becomes a very important market except for the challenge of then what do you do in markets where there is all sorts of other restrictions? >> i think what american companies have said for a long time is of course it's hard for us to do business in china but the upside is so high we'll do it any way. would gm rather be independent in china they probably would, but they accepted a joint venture term because the outcome is so great. >> geoffrey, thank you very much >>> coming up, a new survey measuring small business confidence the results of that next. >>> and then the next steps in elon musk's bid to take tesla private. at the top of the hour, don't miss this, the new ceo of verizon, his first tv interview since taking the job, hans vestberg will join us live o

key issue they have is opposing a foxconn, a plant to make cell phones in the united states.osing that issue. brian: why would they oppose that? you could bring jobs to wisconsin. >> one of those things if my opponent is for it, i'm against it it's very simple-minded. very short-term like knee jerk reaction. very fortunate. scott walker is going to go to the wall saying he has fought for jobs. reformed education, made schools safer. his opponent is in charge of the schools. even though there has been reductions. there hasn't been reduction in the quality of the school. brian: democrat look to knock out walker that would be a big win for them. matt corey wins the g.o.p. senate primary they will be taking on chris murphy. this is a governorship that could flip read. >> this is tough race. chris murphy is one of the best funded candidates he did draw a strong opponent. even before it ended both republicans agreed they would support each other that kind of unity is going to help him moving forward in the general. it's going to be a very tough race. it's at this point pibly a very

he brought the amazing foxconn to wisconsin with it to jobs and so much more.e scott on tuesday in the republican primary. a bit thisnoted primary season, the president choosing to weigh in on his favorite platform on twitter with his endorsements. we will talk more about his endorsements and their impacts on today's primaries and a little bit. ,epublicans, (202) 748-8001 democrats, (202) 748-8000, independents (202) 748-8002. tell us about the primary season and your thoughts heading into the midterm elections. ray, chicago. republican, go ahead. caller: good morning. what are the democrats going to do when they do not take over enough seats. we might lose up to 10, are they for stealingg votes for influence? that is what they always do. there was blames the money else. blame somebody else. the republicans have nothing to worry about. in florida, and independent. caller: when you are holding up a newspaper, the greenwich newspaper that newspaper -- i want to talk about the concentration of ownership of media. i want to recommend that people go to a website cal

i mean i remember it wasn't too long ago and people were there hero and outcry over the net that foxconnas erecting around the apple factories in china because people were jumping to their death and they needed them back in the factory to assemble i phones but this is similar and bass has also work additions are now bordering on that kind of exploitation and again nobody is saying anything at this time i guess because most of congress actually own stock and a lot of them on amazon stock so they're completely conflict that now we're talking about the system being rigged how can it be on rigged you know is big going the answer like ok or yeah so i think i think first of all you know human beings and in americans talking to one another and and explaining to each other how things are and how people are struggling and suffering in real journalism is key and so again this is why facebook is trying to you know crack down on alternative opinions and keep everything like really nice tidy and cozy to like fox news and and as n.b.c. talking points that's one things we've got to talk to each other w

i mean i remember it wasn't too long ago and people were there hero and outcry over the net that foxconnwas erecting around the apple factories in china because people were jumping to their death and they needed them back in the factory to assemble i phones but this is similar in land base but as well as work additions are now bordering on that kind of exploitation and again nobody is saying anything at this time i guess because most of congress actually own stock and a lot of them on amazon stock so they're completely conflict that now they're talking about the system being rigged how can it be on rigged you know is big coin the answer like a fair yeah so i think i think first of all you know human beings and an american stalking to one another and and explaining to each other how things are and how people are struggling and suffering in real journalism is key and so again this is why facebook is trying to you know crack down on alternative opinions and keep everything like really nice tidy and cozy to like fox news in and as n.b.c. talking points that's one things we've got to talk to