often state controlled chinese companies and have submitted to the required technology transfers g.m. now makes and sells more vehicles and china than it does in the u.s. and this is what he says we need to do with china as extracted this wealth creation they've forced these companies start to start creating wealth inside china through their tariff system and this is what china is trying to do so well you know let's revisit the concept that we've discussed on the show many times prices at wal-mart are cheap because people have given up their jobs to chinese manufacturers who can do the same thing for you know ninety eight percent cheaper and so the illusion is that the american lifestyles are falling apart because even though you're making a lot less you are getting the same stuff at a much reduced cost the illusion again you're right the illusion so now if the game . of that particular trade nightmare and what trump is saying hold on let's move those jobs back to america by imposing tariffs to equalize the trade picture and move toward a post china extraction model you know where as priv

often state controlled chinese companies and have submitted to the required technology transfers g.m. now makes and sells more vehicles in china than it does in the u.s. and this is what he says we need to do with china as extracted this wealth creation they've forced these companies start start creating wealth inside china through their tariff system and this is what china is trying to do so well you know let's revisit the concept that we've discussed on the show many times prices are at wal-mart are cheap because people have given up their jobs to chinese manufacturers who can do the same thing for you know ninety eight percent cheaper and so the illusion is that the american lifestyles are falling apart because even though you're making a lot less you are getting the same stuff at a much reduced cost the illusion again you're right the illusion so now if the game . i'm of that particular trade nightmare and what trump is saying hold on let's move those jobs back to america by imposing tariffs to equalize the trade picture and move toward a post china extraction model you know where as

often state controlled chinese companies and have submitted to the required technology transfers g.m. now makes and sells more vehicles in china than it does in the u.s. and this is what he says we need to do with china as extracted this wealth creation they've forced these companies start start creating wealth inside china through their tariff system and this is what china is trying to do so well you know let's revisit a concept that we've discussed on this show many times prices are wal-mart are cheap because people have given up their jobs to chinese manufacturers who can do the same thing for you know ninety eight percent cheaper and so the illusion is that the american lifestyles are falling apart because even though you're making a lot less you are getting the same stuff at a much reduced cost the illusion again you're right the illusion so now if the game . name of that particular trade nightmare and what trump is saying hold on let's move those jobs back to america by imposing tariffs to equalize the trade picture and move toward a post china extraction model you know where as pri

g.m. and really any automaker to be in right now and he or she waco or any other industry out of margin as well couldn't this blowback spread to other industries i mean what are investors saying about current. yeah definitely have an hour but at the moment it is helping the dow jones tremendously that the meeting between younker and trump seemed to have been successful in a way that they could agree on a few concessions to avoid a full buoyant blown trade war so generally speaking i think we have been seeing this phenomenon for quite a while now and the markets are not as strongly reacting as one might think at least not as strongly in a negative way the short term effect of the tax reform and even off prize of the trade policies i kind of carrying a big chunk off the stocks right now with tech for example being really a strong trade disputes in the data so then again it also is not easy to come to a valid conclusion for investors as trump himself is sending just mixed signals calling terrorists the greatest listen she's also using the summit to slow the china trade agenda in africa with h

g.m. and really any automaker to be in right now any or to waco or any other industry out of margin as well couldn't this blowback spread to other industries and we want to invest is saying about the current. yeah definitely have an hour but at the moment it is helping the dow jones tremendously that the meeting between younker and trump seemed to have been successful in a way that they could agree on a few concessions to avoid a pool boy blown trade war so generally speaking i think we have been seeing this phenomenon for quite a while now the markets are not as strongly reacting as one might think at least not as strongly in the negative way the short term effects of the tax reform and even off parts of the trade policies i kind of carrying a big chunk off the stocks right now with tech for example being really strong investors are in the market to make money now and tomorrow and not necessarily in ten years and this is going to remind be seeing the negative consequences off the trade disputes in the data as so then again it also is not easy to come to a valid conclusion for investors as

g.m. and really any automaker to be in right now any order to make or any other industry out of margin as well couldn't this blowback spread to other industries i mean what are investors saying about the current. yeah definitely have an hour but at the moment it is helping the dow jones tremendously that the meeting between younker and trump seemed to have been successful in a way that they could agree on a few concessions to avoid a pool boy blown trade war so generally speaking i think we have been seeing this phenomenon for quite a while now the markets are not as strongly reacting as one might think at least not as strongly in a negative way the short term effects of the tax reform and even a part of the trade policies i kind of tearing a big chunk off the stocks right now with tech for example being really strong investors are in the market to make money now and tomorrow and not necessarily in ten years and this is when we might be seeing the negative consequences of the trade disputes in the data so then again it also is not easy to come to a valid conclusion for investors as trump

the united states with the regulators so they wanted the disney deal they got the disney deal now the new g.m. here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does is. good to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and webs and internet etc this thing already owns thirty percent approximately comcast own thirty percent fox owns the rest so this is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about comcast gives their rest of hulu to disney disney owns all of hullo and the thirty nine percent of sky goes to comcast comcast will own all of sky now that sounds complicated that ain't no

g.m. and ford. nowensure investors that they can consistently improve and they actually set themselveses a target of 6,000 units for august so that's the next major target for tess la. -- for tess la. -- for tesla. david: how does elon musk do that? >> he can't afford any mistakes. he needs to ensure the quality of current output is good and then he needs to be -- keep showing that the numbers can improve from here. david: thank you for coming on the program. now let's have a look at the latest business headlines. start with earnings, goldman sachs saying growth will decelerate from 2019 as it downgrades its stock from neutral to sale. its analysis says the share price has been supported but downsize is likely from slowing revenue. canon price lowered from 4,000 to 3,500. del technologies is going public yet again. five years after a leveraged buyout that left it more diverse but also burdened with debts. the largest tech company will return to markets with a share swap deal valued at almost $22 billion

g.m. or of course away more google offspring and now they're getting into at least their market maybe they can learn from them i don't know but they want to bring in some taxis over there going to be a regular caps for regular people can call these caps using apps and that's just going to be a driver in there just a person of course still controlling the entire system they haven't said how much they're investing in that they haven't said how many caps that will be but they at least bring that technology over and see that they learn from the partners their german companies finally getting into gear when it comes to innovating in that space last held in front but thank you very much for that. and that wraps up the business let's get a reminder now of the top stories we're following for you. it was more germany's longest and most notorious near nazi murder trials judgment call to sentence defendant be out of cheaper to live in. on ten counts of. the national socialist on the ground. whose members carried out a ten year racially motivated. through to the world cup final. in two that. they will

g.m. on the second quarter. are now inative we earnings season so we are starting to hear from ceos real concern about the effects of the tariff disputes on their future earnings. the president is getting real pressure on the our side from republicans on the hill. trump justdonald gave a response to those republicans on the hill. he is asking for patients, he ce, he's-- patien going straight ahead. it doesn't matter if republicans support him or not. alix: marty schenker and joe weisenthal, thank you very much. onant to take a quick check the markets. equities trending lower, s&p futures off by three points. you have general motors off by three, fiat off by 7% and ford off by 2%. u.s.,rve's letter in the and crude down by .1%. we had a risk on day yesterday, will roll over today? we bring you more of our exclusive interview with deutsche bank's ceo. this is bloomberg. ♪ david: deutsche bank rewarded earnings earlier today, showing continued decline in revenue and income with the fixed income business hit particularly ha

g.m. has lived here for twelve years he says that while port delish apparel has had a history of drug problems it's now spiraled out of control today the situation in port the lash up is catastrophic dorothy's of left us here with a slam full of crack addicts it's eating away at the community on the hill there are five hundred people who are doing crazy things annoying the locals they're aggressive they steal we have all sorts going on here about five years ago there were around a dozen of them we saw them we knew them but today it's five hundred and the state has completely abandoned everyone stuck in traffic we see some men demanding money from drivers they claim it's for food but local say the money goes on drugs and despite a continuous police presence nothing seems to change some officials are now claiming this is the crack capital of france the scale of the problem is such that put the chapelle is the biggest selling point and consumer of crack in france the people who live in port delish appelle and its surrounding areas remain in fear is the crack addiction continues to explode jollity been ski

g.m. has lived here for twelve years he says that while port delish apparel has had a history of drug problems it's now spiraled out of control today the situation in port the last is catastrophic dorothy's of left us here with a slum full of crack addicts it's eating away at the community on the hill there are five hundred people who are doing crazy things annoying the locals they're aggressive they steal we have all sorts going on here about five years ago there were around a dozen of them we saw them we knew them but today it's five hundred and the state has completely abandoned everyone stuck in traffic we see some men demanding money from drivers they claim it's for food but local say the money goes on drugs and despite a continuous police presence nothing seems to change some officials and they're claiming this is the crack capital of france the scale of the problem is such that put the chapelle is the biggest selling point and consumer of crack in france the people who live in port delish appelle and its surrounding areas remain in fear is the crack addiction continues to explode jollity been sk

g.m. forces in it which is under the control of the opposition so what that was going to do now actually is to clear up those these two spots by having this swap and we are having an agreement right now between the syrian regime and the opposition the regime will be releasing something like fifteen handed business. detainees from the opposition in exchange for their evacuation and for you and for. the other merely shiites. populations they are having a very strong relationship with with iran so they have. any allegiance is in fact the. supreme leader of the iranian revolution so we are seeing this swap between between the two sides what we have these prisoner swaps or civilian swaps definitely those that are supporting the rebels go off into a safe area that is supported by the rebels we would see it live. that sort of area that is seen as a safe haven yet we are also very aware that there is going to be a big battle somewhere along the line in the future if damascus actually gains control of most of syria it continues to and wants to gain control of the last pockets or pocket that is rebel

now the last one that remains in business. over the weekend, blockbuster in anchorage and fairbanks, alaska, closed for good, leaving this bend, oregon, store the lone holdout. the g.mers and tourists keep the store open. >> what an interesting concept. >> remember those drop boxes? >> no late fees. this is a test. test. this is a test. [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his

g.m. saying: the trump administration hit white house trade advisor peter navarro saying: joining us now istpw investment management and cio and michael ande, bloomberg's economic, policy correspondent. the morning, mike, i made quip is this when we go from a war, the irmish to a tariffs hitting. ike: it may be the week we go from anecdotal data to impact. e may see something in the p.m.i. numbers, if we see a drop orders in or new general, companying may pull back, that's the biggest threat. he folks at bloomberg intelligence clunched the numbers. if there's a trade war, there's scenarios, there's a 0.2 hit to china based on the and the us less. it may not show it. see it in microindustries. at bloomberg bma utting together a list of the tariffs that were under. there's 21 billion in tariffs, canadians imposing heirs yesterday and we saw the tariffs on friday. >> when we had the tax cut we stimuli. scal it will be all growth. companies will invest. it's not huge tariffs, will it cause them to hesitate investing in plants and equipment. >> that is something we are cfo ng at closely, confide

now the last one that remains in business. over the weekend, blockbuster in anchorage and fairbanks, alaska, closed for good, leaving this bend, oregon, store the lone holdout. the g.m. says loyal customers and tourists keep the store open. >> what an interesting concept. >> remember those drop boxes? >> no late fees. this is a test. test. this is a test. [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- david spade, lily james, musical guest charlie puth, and featuring the legendary roots crew. >> questlove: 8-9-7. >> steve: and now, here he is, jimmy fallon! [ cheers and applause ] ♪ ♪ ♪ [ cheers and applause ] >> jimmy: thank you very much. welcome. oh my goodness. hi, everybody! thank you very much. welcome everybody. welcome, welcome to "the tonight show." you're here, you made it. [ cheers and applause ] we got a great show, guys. we have david spade on the show tonight. [ cheers and applause ] one of the funniest guys i ever met. charlie puth is performing tonight. [ cheers and applause ] and lily james is here as well. li

g.m., fiat. it seems like a perfect storm of higher interest rates, higher commodity prices and asset actuation that we have seen. is this more of a heightened concern nowhat we have reached peak earnings? that earnings say have been really strong. we are at this part of the expansion. typically what happens is you see interest rates go up, earnings start to slow down a little bit. it is not sustainable from the earnings we have seen here it we have seen really strong earnings up until very recently. we are at theike point in the cycle where we start to see earnings part to slow down a little bit. off of really strong numbers. you are right, as you pointed out, some of the trade issues are clearly working into some of the numbers that we are seeing. you saw harley davidson talk yesterday and the automakers talk this morning. some of these issues can play into earnings reports. is aally, we think there positive outlook and the market, just not as strong as we have seen over the past couple of years. yvonne: now that you are in tokyo, we have seen a little bit into some of back these em's and away from some small caps. you think the trump trade is he went