we'll lkta to rich greenfield. more fast money after this in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. ayep, and my teeth are yellow.? time for whitestrips. crest glamorous white whitestrips are the only ada-accepted whitening strips proven to be safe and effective. and they whiten 25x better than a leading whitening toothpaste. crest. healthy, beautiful smiles for life. ♪ south l.a. is very medically underserved. when the old hospital closed people in the community lived with untreated health problems for years. so, with the county's help we built a new hospital from the ground up and having citi as an early investor worked as a signal to others to invest. with citi's help we built a wonderful maternity ward and we were able to purchase an mri machine. we've made it possible for the people who live here to lead healthier lives and that's invaluable. ♪ >>> welcome back to fast money call it the tesla hangover another wild weekend on twitter for elon musk. musk denying alleg

it happened yesterday afternoon in greenfield.his cell phone video shows smoke and flames coming from several buildings used to grow marijuana. at least 300 people who work there were evacuated and no one was hurt. the cannabis business is operated by loud pack farms, the largest employer in greenfield. >>> 463 parents separated from their parents at the border have been deported. the number was far larger than previously reported. the administration has returned 1200 children over the age of five to their families. that's less than half of the 2500 children the government has been ordered to reunite with their families by thursday. there was an earlier deadline for those under five. >>> president trump engaging in a war of words with the president of iran. the president addressed him on twitter. he said that peace with iran is the mother of all peace and war with iran is the mother of all wars. president trump wrote never ever threaten the united states again or you will suffer consequences the likes of which few throughout histo

greenfield: you reminded me what i was going to say. [laughter] dr. greenfield: thank you so much. there are logistics that have to be managed. i have a colleague at d.u. who got the call, there is a baby on the way and you have to drop everything. you can plan to adopt for a long time, but you never know when it will happen. i've a number of friends, people that i work with in volunteer settings, as well, who are taking in an infant or two or an older child and they don't have the clothes they need, a crib, all the infrastructure that kids require and so, parents often need that time to make the phone call, set up the doctor visits, set up all the stuff. that comes along with having a new kid. were you going to add something on that? ok. ms. leonard: one of the questions we have here is something we talked about on our phone call. it has to do with childhood illnesses after paid family leave. one of the things i have covered a lot as a reporter, all of the appointments parents have to get done as soon as they have a baby, whether it's vaccinations or checkups, and they happen so m

more on this btig rich greenfield joins us. great to have you with us. >> thanks for having me mels aif. >> what do you make of the situation? >> look, we have believed for literally two plus years that. >>> both via come and cbs are too small. and it's been kind of sad watching the rest of the media universe merge and get bigger. you look at just the big news this morning, disney sharmds and fox sharmds approving their megamerger at&t gobble up time warner scripps sell out to discovery. meanwhile less m moonves has been the personal impediment to the merger of via com and cbs. from the standpoint of what needs to happen both need to get bigger unfortunately i don't see a long list of buyers for either company. the best first action and i believed this for some time is to get to get, get bigger themselves and then explore other transactions that could make them bigger than that. >> if we are to connect what is widely expected from the new yorker over the weekend with what you are saying are you saying this will precipitate les

there is an enormous amount at sta, whoever the president decides to nominate tomorrow. >> sre greenfield joining us from california, thanks a so much. >> thank you. >> read how and -- >> sreenivasan: read how and why there are fewer zika virus infections, and how it may come orck. visit pb/newshour. >> sreenivasan: the bosnian war of the early 1990's drew the world's attention to the term" etic cleansing." e also brought to light the practice of mass r a weapon of war. a u.s. intelligence assessment after the war concluded that all sides, including ethnic croats and bosnian muslims, did it, but that the vast majority of the atrocities were carried out by serbian forces. newsho weekend special correspondent malcolm brabant has the story of some young adults, born as a resultf rape, who are now emerging to candaign for support a understanding. >> reporter: close to sarajevo's wartime sniper alley is a small park containing military museum pieces from former yugoslavia. it's here we meet ajna jusic, a 25-year-old psychology student speaking on camera for the fst time about being a living le

a console jeff greenfield's just jambos. people and other people at the scene walker who saw. it event muckle will blaze simply as you can see what's going on. above that umbrella. of it diffuses eat. it up badly. as you seem no wasn't because you monkeys have been. on the spot completely. as you could can one say that i mean. gone they don't see but that's all we knew. then they. didn't want it was known what the new some. you call most of almost. all of them will say that mall look for the mall with. their yankee saw a must see. so that's sort of makes. me see the sort of fifth. proof of the things you. just call buffett. lez the left on the ship. in and out of bush then one member. of waiter. if you see it come about. moving and waiting you go. receive unifem. of the enema. let us. have. let me. tell you about what how what. was. it. was such a yes. let's cut her what was her when he said boy you live. tool do manual bone. us shock me awake when diffusing imputing will flow in and pull. her head. if. this is she meaning me to even. feel. sad scene nothing more nothing is no

greenfield: and saving health care costs. ms. leonard: to wrap this up, because you were talking about what policies we should support ,nd their being bipartisan port there is -- support, there are some proposals making their way through congress, one of which draw allow new parents to from their social security fund and delay retirement. another, the family act which works in a similar way as california. , if you had a specific policy where you would say this is nationally what the next step should be, what would that look like? i am veryield: sensitive to something senator dodd said. i appreciate senator santorum saying it in a very positive way. takeones-taylor: democrats one slice of the apple and take another one. we have taken the slice with paid family leave. this is the chance to get the whole apple, if you will. years, if you count when senator dodd started this. we have made a significant movement on this and it is wonderful to see them appear together. i really think we have to have a comprehensive paid family leave. -

. >>> large fire broke out at a marijuana grow operation in greenfield in southern monterey county. you can see flames coming from several greenhouses used to grow pot. it happened late this afternoon. at least 300 people facility. they were all evacuated and no one was hurt. no word yet on how this fire started. >>> a surfer pulled from the water has died. state park officials say the 20- year-old was surfing yesterday afternoon when for some unknown reason, he passed out. the man was rushed to the hospital, but died a short time later of the he was a seasonal lifeguard in half moon bay and was off duty. >>> a man suing monsanto took the witness stand in san francisco, and gave a firsthand account on how he his wife walked into life before and after his cancer diagnosis and history with the monsanto weed killers round up and -- he would mix up gallons of it as a pest control manager, and described being soaked when a host broke. >> the cancer got worse and worse, and during that time, he was spraying. it's just egregious. >> monsanto claims the active ingredient is safe. >> we are

rich greenfield and at hammond, about comcast, sky and fox., this is bloomberg. ♪ mark: i am mark i'm been with first word news. the republican-led senate has -- president trump forest -- for considering russia's request for americans officials, giving voice to unease when the president should have policies to the country's biggest adversary, vladimir putin in a nonbinding resolution adopted 98-0 today. centers called on the u.s. who refused to make any officials available for interrogation by putin's government. president trump is sucking up to president vladimir putin, the mr. trump'sf one of fiercest critics, senator elizabeth warren. the democrat from massachusetts as the president himself preservation mode after days of criticism following days of mr. putin in helsinki. sent -- senator warren spoke with bloomberg television's kevin cirilli. elizabeth warren: we are in place where donald trump is an mode.rotect donald trump whatever is necessary, he cares about exec one thin

. >> the greenfield. >> dead ahead on the other side of this building? >> yes. >> gayle. >> you wouldn't see me land, it would be in the bushes. >> how about you. >> let's make it interesting, the roof of that building. >> gayle is the closest, not because of the bushes, but because it would have been a slightly softer landing. this man knows the key to a great landing to is to find the softest thing and he's spotted it. his legs are tangled up. he can't quite get his feet out. now he's running out of time. >> the sheep. >> no, he's aiming for the sheep pentds up going face first into this field, all of the sheep legging -- i'm pretty sure i could be over in the corner just going, what? but the great part about this video is actually the reaction of everybody involved. listen to everybody laughing at him over the radio. he starts cracking up and even signals to the sheppard, my bad, i kind of just aimed for the sheep, i don't know why. >> sheep happens, man. >>> a little girl spots a toy horse and decides. >> she needs it. >> why can't we just come back?

and they set this thing in the middle of a greenfield.ere were no injuries, there was no dooth any structures, it was just -- this is that thing, you know. >> it's the full-size equivalent of when you're building one of those domino things and you accidentally knock one of them over and you see all your work go -- >> this was going to be a huge event, lots of people coming to see it. every year i'm sure they dot except, wawa, not this year. >> hopefully they still manage to find something to do with this but i have a hunch this year might be skip the bonfire. >> putting on makeup is heart enou -- hard enough as it is, right? >> tell me about it. >> hush. just need that eyeliner, right? but what about putting on makeup underwater. they have decided to try their earth sill low look. >> ter o iik l littlee mermaid. >> they're pretty intrigued at the fact that she could put her makeup on so flawlessly under the water. >> they do understand it was animated, right? >> well, there's a lot of things you have to thinking about when you put on make

here's newshr weekend special correspondent jeff greenfield >> it was more than a century ago in 1912 when eugene v. debs won more than 900,000 votes as the socialist candidate for present, six percent of the total, about what longtime congressman john anderson won in 1980 as an independent candidate. in the early 1910s, socialists ning elections in cities and towns across the country. dozens of mayors from ctady, new york to milwaukee to berkeley. two were elected to the u.s. house of representatives. but in the 100 years since debs' run for president, the socialist movement had withered as a significant american political morce until bernie sanders ran for the atic nomination in 2016. >> we need to develop a political movement which, once again, is prepared to take on feat a ruling class whos greed is destroying our nation. >> in every other industrialized country, the movement towards a bemocratic form of socialism has en strong enough to win national elections.it n's labor party took power in 1945 and nationalized several key industries. a socialiswas elected president of france i

back at some .nse and even violent tim newshour weekend speci a corresponden wisconsin alum jeff greenfield the story. >> reporter: it has the look and feel of countless college reunions; the glimpse of a plac or a face, not seen for decades, the triggering of memoes that stretch back the greater part of a lifetime. but this gathering of the long- ago young has a very different feel to it. their memories of what happened here half a century ago are nott bound up in trnal college nostalgia. quey are rather memories uni to their times in this place. here at the university of wisconsin, the last half of the 1960s was a time of almosast ceess turmoil, violent clashes between students and police at a sit in psting military contractor dow chemical's recruiting on campu a block party that turned into three days of rioting, and a fatal bombing ofn office devoted to defense department research. >> it really was aor trantive experience. >> reporter: david maraniss, hrose book, "they marched into sunlight," cicled what happened here as the war in vietnam escalated half a world away. >> madison and pro

to help put it all into perspective, newshour weekend special correspondent jeff greenfield joins us now from santa barbara. >> sreenivasan: are we in the same political place nn we were before the summit happened? >> it may seem improbable but i would argue we are. we have to go back three years to the very start of donald trump's campaign when he insulted mexico and har words about john mccain, people thought this would be fatal ands evce no matter what he has said and done, whatever candidates and presidents may be disastrous doesn't change the reality orcs the huge majorityep oflicans approve and just today we learned from a new "washington post" abc poll tha most republicans by large majorities approve of what he did at helsinki in the, and even those, it seems the part keeps going on. >> sreenivasan: what when ow members of his party turn against him or criticize him? >> again, the normal situation is that when a president's own party turns against him with harsh words that has an imtp and yet despite the criticism from republican conalgressi leaders, folks on fox news, former

you've traveled to greenfield schools, where--my hometown, and schools all over the area. wherever the--wherever you find a wall or a canvass, i guess, that's what you're going to go tag. paul: that's what--that and we're going to spread some art and influence. and we're going to inspire these young kids to have--experience something different, you know? give them--show that they can be an artist as well, and show that they can transform their community too. you know, because we're all a part of this. damian: now, and when you're doing a mural, i would imagine outside one of the classrooms and kids start--yeah, but, you know, dividers and kids start coming up and saying, "what are you doing?" or i bet that kind of gets them intrigued and, "oh wow, maybe someday," or whatnot. paul: it does, and it doesn't--you know, when we see that, we'll start engaging with them. we'll talk about the process, we'll talk about how i started when i was a young kid, and how i couldn't draw. and you know, just to have some patience and just enjoy the process, and you guys can be part of this.

private sector capital that whether it is a low risk contracted pipeline straight to a higher risk greenfield development process, there is private capital. there are different risks. one of the things we say is if you are serious about embarking on a larger scale process by which you involve the private sector, think about establishing -- likeameworks or virginia has come over you get that knowledge and use it over different sectors and start to understand -- what are the risks? what sort of r we wanted to invest in that? and how best to add -- act? we love investments that are steady, stable cash flows. we love investments that are going to be there as long as the community is going to be there. we love investments that have a locally or nationally. we can be unhelpful by saying we will invest in anything. the key message would be narrowing out those specific processrly on in the someone your side, eyes wide ton about capital, we want invest. how expensive or otherwise, they will -- what treatment will be and whether those dictations are --ting >> let's move to renewable energy. nevada, we

the cannabis industry is operated by loudpack farms, the biggest employer in greenfield. >>> it's timehat sal checks on the super commutes, people coming from gilroy and tracy. how does it look? >> it looks good so far. northbound 101 up to the san jose area is looking pretty good. if you're through morgan hill and san martin, there's some roadwork. but it's not having a major effect on traffic for the the most part as you drive into the west valley. and here's 280 in san jose. it looks pretty good. so far, so good if you're getting on the road early. the bay bridge has a little bit of slow traffic. you'll be waiting five minutes or less before you make it to the span. >>> up in the sierra they've had a couple of active days. today looks a little quieter. t tahoe. and most of it has been to the south. probably more widespread or isolated. low clouds are there. and they came charging back in earlier than yesterday. it leads me to believe there won't be as much warming. inland temps are continuing to bump up. a few high clouds are getting caught up. and they're close enough. 50s and 60s

that was rich greenfield. >> now to the bloomberg first world news. >> president trump says he is thrillede latest gdp report that shows the economy expanded in the second quarter at the fastest pace in four years. as the president predicted the numbers will continue to get better. on track to hit the highest annual average growth rate in over 13 years. as the tradeis, deals, and one by one, where going to go a lot higher than these numbers and these are great numbers. >> the president said the pace of growth was very sustainable and could create as many as 12 million jobs over the next decade. more than 700 children who were taken from their parents at the u.s. mexico border remain in limbo. it trump administration says met a judge deadline to reunite families but left out a quarter of the separated families. federal authorities say they cannot be reunited because they have either left the country or in some cases have serious criminal records. the united nations said today more than 7000 children have been hurt or killed in the syrian conflict since 2013. officials are citing unverified

requires the city to own or control facilities on an ongoing forward basis for major load increases or greenfield facilities. again, as we continue to work on a long-term settlement of these disputes we're pleased to say that we've identified a path forward toward reducing many of the projects in 2018 and pg&e pledges to continue to work in good faith and collaborate with the sfpc and create efforts toward a long-term solution. thank you again for inviting us here today. i would be happy to answer any questions you may have. >> okay. so let me just -- thank you for your presentation. let me start out by saying that you make the statement and you have in several letters to the city that pg&e has an obligation not to provide preferential treatment to any customer. we feel like we're getting preferential treatment. you're treating us differently than other customers by requiring greater levels of service and infrastructure than you are other customers. so what we're asking is for you to stop treating us differently. we don't want preferential treatment. we want you to follow the law. i want to start

to put together the a package and bid for the whole enchi lad a da and put $47 a share -- rich greenfieldally good media analyst who thinks he's going to put $47 a share on the table and try to buy it all. the disney bankers are skeptical. we'll see. by the way, a lot of people are saying we'll know something at the sun valley conference about this, about his intentions whether he stops, whether he does the whole thing, whether he stops and just goes for sky, whether he walks away. we'll know something, so i'm just telling you what i'm hearing. the other thing that's interesting about this is as this deal's going on, it's almost overshadowing what sinclair is doing with tribune. sinclair was always a smallish local media conglomerate -- cheryl: they were. [laughter] >> they're looking to buy, you know, a gazillion stations from tribune. if they get approval, and the approval from what i understand could come as early as thursday because there's a comment period on their divestiture plans. they have to divest about 30 stations, 29, 39 stations from the mix that they're going to buy given l

. >> rich greenfield will ask, knowing rich, he gets into this.iz: did you know before the ronan farrow article came out. >> and why did you plan on going against shari redstone if you knew this stuff was coming down the pike? isn't that ridiculous? you are getting involved in a battle knowing you could be blown up by the article. so if he appears, like i say, i believe it when i see it, but the plan is, right now for him to be on that call and answer questions and they are prepping him for it now. now, just so you know, again, i'm hedging here because this is such high-stakes stuff. i will tell you this, he's starting to go out in public. page 6 ran a story about him going to a restaurant in malibu. by the way, stories get planted like that. liz: at that level. >> you don't know he's just going to show up. he was smiling for the picture. i mean, my guess is they're trying to tell the investment public everything is okay, we're moving forward. he's fighting back. he thinks he could probably survive this, and you know, one other way you do that is

greenfield. they'll have to have a child care arrangement. that could be a child care center. it could be family friends and neighbor. but they have to have that already planned out. and that will take a little bit of time, too. what we would hope is we would hope that's not going to be an abrupt kind of transition. that the parent isn't going to be with their child for 12 weeks and all of a sudden, they go to some provider someplace and drop their baby off. what would be ideal would be for-- if parents could form a strong relationship with their baby and then during the course of that time, have a sense of where this next paid provider is going to be. and then be able to use that time to actually facilitate a warm transition over to that baby. to that provider. when you have a newborn baby and i have a baby here and we see the stranger and the baby sees the stranger, what does the baby do immediately, it turns to the caregiver, turns to mom, to dad. what expression do i have on my face when i'm looking at you. that's how the baby knows that the person is safe. in the first on

you've been in this industry, you've been in it a long time, tell me how long it takes to build a greenfieldant now versus 20 years ago. >> well, it's -- everything is faster the speed of which people build clean rooms today and install equipments can run a year to two. but i think what's important is just because people have a clean room doesn't mean they fill it with equipment just because they can. the investments, the discipline from our customers today mean they invest in capacity when they have demand for chips and i think that's a commentary on health and sustainability in our industry i mean, let's not forget that the semiconductor revenues in the last four or five years have increased by about $120 billion, and that's .2% of global gdp and that reflects the increased value proposition of the industry in the broader data economy. and it's a terrific commentary on the opportunity for silicon, for equipment companies and specifically for lam research. >> all right, look, you did say that there was going to be a couple quarters of weakness, and now i understand that you're saying there

thank you, rich greenfield. both stocks lower, disney down by half a percent, fox down by 2/10 of 1%. private equity seeing evolution with record levels of fierce competition. zero-sum game for winners and losers, apparently. let's get to add hammond. he has a key voice on the current environment. ed: thank you. i am joined by allison from goldman sachs. thank you for joining us. here is where i want to start. the market we are in is a historic bull run. that presents different challenges for different industries. the one i see for private equity is you have record levels of -- capital and opportunities to employ capital are getting fewer and more expensive. where are we heading? allison: they get for having me, ed. you are right. you are correct, there are record amounts of dry powder into we estimate over $600 billion of dry powder for private equity firms alone, and it is not even count the emerging pools of capital, the infrastructure fund, family office. and those emerging pools of capital are becoming more

the alternative would have been that the entire system was compromise and we would hao go into a greenfield and build it all over again. so the ig's typically confided with this dilemma, and i going to be moralistic or am i going to be moral? unlikely to be theoretical or am i going, i i know where i needo be and i'm going to do it, and i know that's a world of risk and possible compromise. the ig's are intended to be part of a symbol of a great nation. that invites self-criticism, the violence of justice, and continues to improve it. none of those are very fun to do, and part of a a nation that wants to get it right more than it wants to look good. and that's not a thing that many nations are capable of. the kind of reports that you see, the kind of reports that michael horowitz without a couple of weeks ago, and a number of countries would've gotten killed or run off. so it's great that we have this, it's great that we have a nation that is dedicated to deriving its just hours from the consent of the people and the ig's are a piece of that legacy and that value proposition. >> thank thank

let's bring in rich greenfield from btig who says definitely it is >> yes, absolutely great company, sara, invest. i think the mark of great companies is that they know when to invest and really look at the long-term versus the short-term. most of the companies i cover, had legacy media companies are really focused on near term earnings maximization and never willing to sacrifice the short-term for the long tfrm facebook is telling people we need to get people from the feed into stories you move from the instagram feed, to instagram stories you spend more time. there's less advertising right now on stories but more advertising per person they're purposingly driving you from heavier ad based platforms to less ad platforms >> even when the numbers hit and we fell 8% you were already thinking this is great buying opportunity. >> look, what is happening here is people are trying to figure out what's actually going on you know, facebook -- the reason why the stock sold off is that the growth -- the slow down in q3 pretty much expected. q3 may even come in a bit better than what they were

a good piece by rich greenfield said i can't stay on the sidelines anymore. spotify.ription economy and i think when you look at spotify, you look a stock they did a crazy ipo. it was not an ipo. and i think it'll continue that way. >> the worse performer today is illinois tool. >> and i know well. >> yeah. this was a bad miss. and it was a bad miss on multiple lines as this is it. this is the second bad one this is two strikes you're out business it's shocking because it didn't matter i mean, it didn't matter what line there's only one line that was good they've got a bunch of divisions. they were bad. i'm not sugar coating. it was bad. >> they cut their second half guide on 4 x operating margins got cut on costs. right. i mean, that's not the narrative of earnings. >> it's not the stars it's themselves if you go over the honey well quarter last friday. similar businesses in a lot of ways and they saw anyone of what they did. this is just -- i don't even -- it's mind boggling how they should have done maybe restructuring of some sort. >> illinois toolwork specific is

. >> by the way, rich greenfield, good guy, works at btig, believed there would be $47 bid on the tablecash for us, upping the disney bid. i told rich it wouldn't be. here is why i never believed it. if you know people in the justice department which i know in the antitrust division, they based their entire attack on at&t time warner based on their hatred of the comcast business model. they think these big tech companies, telecom companies are basically too powerful when they merge up with content providers, particularly content providers that hate donald trump. they basically took the stance that at&t was a mini-me of comcast which they would have never approved. here we go with comcast looking to get bigger. i'm telling you in order to get bigger and really make this work they would have had to bid maybe $50 a share, right? just for the risk, dealing with the regulatory risk. they clearly don't have that type of money. they are highly leveraged like most telecom carriers are, issue a lot of debt. they did not have the money to do it in the end because doj would have put up a stink. th

. >> you referred to alcoa cutting their ebitda >> it is difficult to -- you need greenfield aluminumlants. the president wants that to happen it will take six, seven years to do that. but i think if you start going down the path of changing the tariffs on the autos, then you are really going to have a smooth falling situation >> i can't believe he comes to the defense of google is argue because it fits the narrative of us versus them that the president has been laying out when it comes to europe which frankly he seems to think is more of a foe than many other countries that typically have been considered foes of the united states. and this -- where else was this going to go? not for long >> what's not for long >> it continues to just add -- we can go into the reasons why they chose to do this, but it lends into this narrative, where else is he going to go other than he is going to try -- there is going to be something punitive done here is. >> other than asml, a great company that makes great semiconductor equipment, you can't hit them there's nothing other than autos. like i'm weari

. >> rich greenfield you know he likes to make a splash you know he'd walk a mile for a camera we do>> he would admit as much, too >> he's fun. he makes the game exciting he says, it's not a game, it's actually stocks. all right, so he says, in this piece about facebook, which is driving the stock, first of all, raising price target to $275 i always say, why not $279 right? but he calls instagram an absolute monster and you know what? when you do that, talking about 1 billion users per day. you just say, okay, i know facebook's losing, losing, losing, but instagram is gaining. "the new york times" had a story that someone posted on instagram a picture, sure enough people saw it invades their privacy. right? have the "times" done that story yet? >> you remember when that was $149 and change? >> that's when we were really worried about privacy. >> it wasn't that long ago >> no. look at this all i can say is, this kind of piece is the kind of piece that supersedes every article you read about facebook in europe and facebook in commerce and facebook and the s.e.c you know what? it's inst

read commentary, rich greenfield and some others they have been pretty critical, they have been askingg this up. les moonves is not just any old ceo. charles: of course. >> he is maybe most powerful man in media, running a significant media company embroil in all sorts of stuff. analysts have -- and his, he, his, whether he stays or goes has a huge impact on the stock and on top of that, he is embroiled into the controversy with shari redstone he wants to wrest control of cbs from the controlling redstone family, all the controlling shares. how does this weaken or help impact his position? that will be asked. charles: a lot of questions about the board, even dealing with this, in terms of crisis management they knew this was coming to a degree. they were caught flat footed. >> james stuart in the "times" wrote amazing column. you would think if they knew this was coming they wouldn't have rolled the dice. charles: already had an investigation, or would have taken the sort of measures that people want, particularly from a publicly-traded company. >> as someone who covered ceos for a lon

in 1978, two men by the name of ben cohen and jerry greenfield took one of their courses and later went on to launch the company, ben and jerry's. mr. speaker, i congratulate penn state for being an industry leader. in on of ice cream day, i hope everyone will celebrate with a scoop on sunday. thank you, mr. speaker. with that i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentlewoman from california seek recognition? ms. barragan: i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. mr. speaker, i rise today in honor of long beach fire department captain david rosa who was killed july 2 after suffering a gunshot wound while responding to a fire at a senior living facility. captain rosa was a 17-year veteran of the long beach fire department, assigned to station 10 in the heart of the city of long beach, california. during his tenure, david faithfully served the city of long beach and its surrounding communities, working as a paramedic and trainer. last week i

we are also working to attract investment.ct greenfield investment, which will benefit our workers. pompeonth, secretary joined for being other cabinet secretaries and 15 of our ambassadors to welcome international businesses to the usa summit. and emphasized the president's message that america is open for business. under the leadership of secretary pompeo, we are focused on -- on economic diplomacy in the interest of the american people. thank you again for holding this very important hearing. i am happy to answer any questions that you may have. might just ask of you and were observed the rest of my time. do you have any idea what the usinggy is relative to 232 to put tariffs on our european partners and canada and mexico? can you articulate how that helps us build a coalition to counter what you mentioned in your opening comments, which is china's abuse and theft of intellectual property? thank you, senator corker. president trump has determined are the 232 actions necessary to preserve the vitality of our domestic industries. i have received questions about why it is we are foc

rich greenfield just out with a report on facebook this morning.k's death has been greatly exaggerated by facebook. whether facebook was trying to lower its own temperature and whether they will effectively to outperform in future quarters in the report he talks about how legacy media executives seeing that facebook report were probably rejoicing but he said they should not be rejoicing. in fact, they should be afraid, very afraid, facebook is actively choosing to make less money, deprioritizing near term monetization to drive engagement to higher levels to capture even more of their 2.5 billion users time and attention. keep an eye on facebook today. >>> ecb just out leaving rates unchanged. let's get to steve liesman. >> not making any change. keeping the refi rate where it was and continuing at its new schedule of quantitative easing on track to end it. i thought this might be an interesting time to take a look, there's some concern out there that maybe we're into this period of convergence of tightening. not so fast. 1 and 3/4 to 2%. it's reduc