to foxconn.ll this microsoft plant supposedly employ compared with the tens of thousands or more than 10,000 as i believe you said that were to have been employed at the foxconn installation? >> reporter: yeah. supposed to be 13,000 jobs at foxconn. microsoft will they say employ about 2,000. foxconn at this point does have a little about 700 and some employees here in wisconsin. so, they are not anywhere close to where they thought they were going to be. >> how did foxconn get the land and therefore get the proceeds from the 50 million that microsoft is going to pay allegedly -- look, to the county but it goes to foxconn. how did they get that land? did they buy it? >> reporter: that was part of the deal. part of this subsidy that the county, the town and the state agreed to to lure foxconn here was that they would acquire land. they acquired about 100 homes, displaced a whole bunch of families, bought this whole site that foxconn ultimately was going to build this giant tech mecca on. but they

foxconn provided them with a state-of-the-art facility the reason people like ben and democrats and other allies for joe biden are drawing attention that is, they don't want people to know what i talked on this network about with dana bash earlier this year when we saw more than 100% increase in layoffs during the first couple of months. >> here in the state of wisconsin, when you see 20% increases in prices for people here in wisconsin, just a bucket gallon is a good example. more that people are paying here in wisconsin versus what they paid went down on trump in office and probably worse all 43% increase in the cost of housing, terrible for new homebuyers people like my son and daughter-in-law of trying to buy a home. they're going to pay about $1,000 a month more than their mortgage payments, than they would have went down on trump was in office. so of course, they want to talk about things like this because they don't want to talk about high prices and the absolute failure. joe biden has been for the last four years for people here in wisconsin, whether it's in walkie where it

i look at his time with foxconn or, a veteran of world war i. other places for the formative moment in his life. all of this is necessary for a full picture. but it is elusive. when does the big story start? perhaps the count in the late 1920's as germany begins to stir as the postwar versailles order begins to crumble. perhaps the winter of 1933 when dwight eisenhower moved to washington and john mayer keynes writes an open letter in the london times to franklin roosevelt saying you have a trustee of all those who seek -- by recent experiment within the framework of existing society. if you fail, reform will fail with you, leaving orthodoxy and revolution to fight it out. that is written to america in 1933 saying duty will call. but it is still not a straight line. eisenhower was working for macarthur in 1933, goes to manila in 1937. what he learned there, i don't know. macarthur you may recall, they later became rivals. he looked back on eisenhower fondly as the finest clerk he ever had. i looks back -- he did learn something from macarthur. s

. >> a symbolic moment for the company also known as foxconn.he founder said in 2016 he would not retire until the stock valuation reached this level. it has been struggling because investors are not that excited. but the ai services exciting everybody. david: could hear a tire at this point? another conversation. charlotte yang, our asia equities reporter. plenty more here on "bloomberg markets: asia." you are watching bloomberg. ♪ david: here are some stories we are following around the world. lied merck putin will visit north korea this week. the kremlin says vladimir putin will travel to north korea and then vietnam. north korea has been a steadfast reporter of vladimir putin and his war in ukraine. canada's government is buying a stockpile of rare earth materials to prevent them from going to a chinese buyer. an australian owned minor, vital medals, will sell the stockpile to saskatchewan research council. this intervention is part of canada's push to block trend is firms from delving further into its critical mineral earth's sector. hong k

this is the exact area where president trump he was president promised thousands of jobs through foxconn did not come through, his pledge was not made. it was over 1000 jobs that came in. the development was sold, being redeveloped by microsoft, which biden said he helped bring. i want to remind folks this is what president biden said about this in wisconsin in may. >> you came here for senator ron johnson holding a golden shovel, promising to build the eighth wonder of the world. are you kidding me? look what happened. they dug a hole. with those golden shovels. then they fell into it. >> this is the economy that we see at the top issue and biden saying i have been better for this state than former president trump. when you look at the details, biden says he's bringing about 4300 jobs per minute and terror -- temporary. wisconsin is setting record for job growth. inflation is dn, 2.7% in the midwest. this is a place doing better on all economic indicators. as i talked to voters from wisconsin, they are feeling the pinch when it comes to housing. when they look at their groceries, perhap

. ♪ ♪ >> back to the border and the terror threat possibly emanating from there come a source to foxconn'sland security alejandra mallorca's says we do not have 400 individuals with ties to isis. what is our next guest hearing about that? house foreign affairs committee chair and texas republican congressman michael mccaul. we do want to mention we have a call out to the secretary, he is welcome to join us anytime. so congressmen, to you now on this, how are we supposed to think isis would want anybody other than people who would inflict pain and damage on this country? shouldn't we know exactly who these people are as soon as possible? >> oh, absolutely, they should be vetted. the fact is there isis-k individuals who smuggled 400 individuals into the country, we don't know anything about the 400. you know, when i was chair man of the house home unsecured he committee, we were always worried about the southern border, sandra, but we never saw this happen. they had the intent but we never saw isis-k or al qaeda actually cross into the united states. now we have evidence that has happened no

can you read more about that about whiz after foxconn, and you will be able to see where your straight: >> no. >> every year, i mean, just break with tradition. >> don't you love the clues? >> i do. >> yeah, i look forward to that every year. >> is it the same as last year. >> reporter: you would be so let down if i told you. is it the same as last year? >> what was last year? was it virginia? >> reporter: last year was north carolina, last two years was north carolina, and if i told you it would be the same, then i would be telling you. >> the last two years was north carolina. are you going to tell us what you changed to make it not north carolina this year? can you tell us that? >> reporter: well, the big change this year, joe, is that infrastructure has come to the top of our category list, so the more weight is now on infrastructure last year, and last year was workforce, so that's definitely changing things. we have a lot more in the mix this year with all that federal money and with ai and the insurance prices. a lot of really interesting things going on this year that do shake

so we talked about the wisconsin event that he did a week ago where he went foxconn where trump had promised jobs and didn't deliver on the jobs and i thought that was like a good example, a kind of event that will break through right. but we think about it in terms of how we can kind bring to light things that aren't always covered but not think of it as it's our responsibility to make sure people understand the eighth page of the ira. yeah because not what viewers. are necessarily looking for right. and we'll take a question for the audience here. he's talking about your first white house briefing. how did you prepare and did anything happen that you didn't expect? oh, god, i'm nervous for you. yes, i was really nervous first of all, because of the insurrection and it was just couple of weeks after that, most of washington on lockdown. we actually had to meet at the national zoo to go to the white house. that which is kind of crazy we also had double masks on because it was covid i had this big binder. i was rolling through the stuff i tell the story in the book about how the night before