hewlett to get things done? >> and last documents we updated our portfolio. stick that was not my question. i questioned why didn't you do so? >> surely we would have taken swifter action at that exam would have concluded. in the middle of an exam report? why that you take action when you have somebody not doing their job you need to be more aggressive than why didn't he take more aggressive action in? >> as i noted -- they make it's a failure of your examiner to do their job is my question? >> would identify the issues. and that's fine but then you have to do something about it. y >> i agree and we are taking swifter actions. >> so you didn't do anything about it. you are incompetent in managing your bank did you guys didn't do your job pertains to be a bank examiner and know what my job is in you guys didn't do yours. that's the bottom line. ms. harris interest rate risk is a real problem and a lot of banks are upside down right now and even then that itself is upside down. the chairman admitted the federal reserve was amusing money. did the fed discuss wit

hewlett, thanks so much for being here. ms. hewlett, going to start with you. everything i've been able to surmise from today's hearing is that there wasse a dual regulatr for svb, partridge apartment, part of that the reserve bank of san francisco. at what point did you or the sf fed realize you are having liquidity issues with svb? >> we recognized that a march 9 when svb had a negative cash balance of 958 million, they were insolvent. .. aspect. but at what point did the supervisors of the bank the people on the ground today start to see that there were potential issues with the structure of the bouncy? when did that start occurring? >> the bank handed sided at least 13 times up until it's >> >> when were they notified-- >> they were notified numerous times. >> and what was the response. >> definitely in 2022, however, i don't-- and i can't speculate as to what was in their mind, but they were given numerous supervisory letters and definitely when that run started to happen and depositors started to withdraw their money out of the bank. >> ms. hewlett, once

lynch faces criminal fraud charges, with allegations that he duped hewlett—packard into overpaying when — that's £8.2 billion — for his software firm autonomy back in 2011. here's our global business correspondent theo leggett with all the details. autonomy were set up back in 1996, co—founded by mike lynch, and 15 years later, it had grown into a darling of the uk tech sector and was snapped up by hewlett—packard in 2011 for about $11 billion. ts the time, everybody was very happy about it, but within a year, all the recriminations had started, and hp came out with an announcement where it said that the value of autonomy was much less than it had thought. it had to write about eight million dollars worth of its investment, and it had been misled about the state of autonomy�*s finances. so there has been wrangling is going on for years about this. we had a case last year when mike lynch was one of the defendants and he lost a case basically for a civil claim related to all of this. his former chief technical officer was jailed in the united states back in 2019. mike lynch has been consi

lynch faces criminal fraud charges, with allegations that he duped hewlett—packard into overpaying whenon — for his software firm autonomy back in 2011. here's theo leggett, global business correspondent. this has been a long time rumbling on. just what abuse in the uk and around the world, give us more, explain the details.— around the world, give us more, explain the details. autonomy were set u- explain the details. autonomy were set un back — explain the details. autonomy were set un back in _ explain the details. autonomy were set up back in 1996, _ explain the details. autonomy were set up back in 1996, co-founded - explain the details. autonomy were set up back in 1996, co-founded by| set up back in 1996, co—founded by michael lynch, and 15 years later, it had been grown into a darling of the uk tech sector and was snapped up the uk tech sector and was snapped up by the uk tech sector and was snapped up by hewlett—packard in 2011 for about $11 billion. as the time, everybody was very happy about it, but within a year, or the recriminations had started, and hp came out with an ann

joe: opportunity knocked again in 1965 when clay was hired by david packard himself to head hewlett packard's. chris: he said david packard's vision was he didn't care if you were black, yellow, brown, green, whatever. they were gonna get the best person for whatever job. joe: living in mostly white palo alto with his wife and three sons, the clays stood out, and yet this trailblazer saw opportunity to make even more change, so he ran for local office. chris: he's the first african american on the palo alto city council. roy: like, he knew what he wanted to do and he would go after it, even if people told him it was impossible. chris: he passed up a lot of opportunities that would have been very lucrative, but he passed them up because it would have taken away from his family time. joe: when clay left hewlett packard in the early '70s, he'd go on to start his own company, rod-l electronics. it was there he'd earn his nickname, black godfather of silicon valley. chris: once the door was opened for him, he made it a point to keep that door open and bring in other people. rodney clay: that's why

shery: the hewlett-packard enterprises ceo speaking exclusively to romaine bostick.ck check of the latest business flash headlines. indonesia says a commodities giant and umicore are among investors punches been $9 million building a battery supply chain. investments will include a 20 gigawatts hour battery plant as indonesia aims to become a major hub for producing batteries and dvds. other investors include u.k. company and division and an indonesian miner. hsbc is looking to expand into a fast debt market so far dominated by credit suisse. the bank says it is in talks with partners to structure new debt for nature swaps in countries where it has a presence. it's global esd chief says hsbc remains cautious on scalability and cost. tesla is planning to give an early glimpse to its revamped model 3 sit and -- sedan. sources tell us the first cars coming off the line on thursday our prototypes and will be slightly longer and sportier than the earlier version. tesla is facing pressure to refresh its product line in china, the second-biggest market after the u.s. shares

hewlett-packard enterprise disappoints, down by 7%.e still at a very difficult macroeconomic environment. we have to remember this. ed: ai is still a big factor in the markets. a meeting this week at the u.s.-eu trade technology council. gathering in sweden where they plan to sue checked generative ai to additional rules. >> this is bigger than europe. the u.s. is important but this is bigger than the u.s. if the two of us take the lead, we can push something that will make us much more comfortable with the fact generative ai is now in the world and developing at amazing. ed: biden administration officials have been divided over how aggressively new ai tools to be regulated, a dissidence that has left the u.s. without a coherent response to the eu's. let's bring in anna and jatin to it down. i thought you were in a place where the u.s. and eu are on the same page. you regulate the tool rather than the underlying technology. where have we gone wrong? >> we were kind of on the same place. the last meeting came up with a roadmap the agree

hewlett, once the run starts it's over. and by the way i was in commercial banking and they were cited numerous times. and what was the response from silicon valley when they were cited and what was the tone from your agency or from the s fed to silicon valley bank's lack of curing what was coming up in the audit? >> we're leaving this house hearing, but you can watch in its entirety on our website c-span.org. we'll take you live to capitol hill with georgia congresswoman margery taylor greene. you're watching on c-span2. >> each branch of government the power to check and temper the other. these men knew with unchecked power any branch of government could lose sight of the job they were hired to do and become beholden solely to the power they wield. this is what has happened in america today. power corrupts. the biden administration is proof of it. from the top down virtually every person involved in this disturbing america last executive branch has weaponized their office to target their political opponents. it's unpreced

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overstating the value of his software company, autonomy, when it was bought by the us computer giant, hewlettf canterbury has been ordered to pay £510 for speeding. justin welby admitted exceeding the 20—mile—an—hour limit not farfrom lambeth palace in central london last october. he's also now got three points on his licence. six years ago, the gaming landscape changed when nintendo released the legend of zelda: breath of the wild. sales worldwide were £1.3 billion. that's more than the highest grossing film of 2017, star wars: the lastjedi, which madejust over a billion. well, today, nintendo finally released the long—anticipated sequel, the legend of zelda: tears of the kingdom, and critics are calling its release one of the most important pop culture events of the year. our technology correspondent, marc cieslak, has that story. elf—like hero link leaps into his latest adventure on a nintendo switch console. around the world, fans have queued through the night to get their hands on the legend of zelda: tears of the kingdom. i100% believe that this game is going to be like nothing anybody

and faces a criminal fraud trial for the sale of autonomy to hewlett-packard.essing up the software company to reduce -- induce hp to buy it. a year later hp broke down the value of the deal by 8.8 billion . more investors leaving credit suisse. the latest departure involves eight senior bankers. among them, steve geller, head of investment banking and capital markets m&a. the moves are seen as a sign of how it is expanding in the west. in france, treating outperformed most peers in a volatile first quarter. trading jumped 16% from a year earlier. the ceo was asked when he expects to see european banks go through the same turmoil as some in the u.s. >> the situation is very different. i don't think there is a spillover to be expected in europe and the banking markets. >> he is stepping down at the end of the month after 15 years as the ceo. that is the latest business flash. >> i appreciate that. what i find interesting, too, is that the retail banks also seem to be struggling a bit. but also paying back some of the long-term loans impacting the french retail s

coming up for hewlett-packard enterprise president and ceo joins us at 4:15 p.m. new york time.. and european allies first caution on whether ukraine should have the right to strike inside russia. the country supporting ukraine are taking various stances on how it should be back the moscow invasion. the u.s. has publicly leaned against the strategy. foreign ministers of the nato countries begin a two-day meeting in oslo where they will discuss ukraine's bid to join the military alliance as well as boost defense spending. photos obtained by bloomberg show elon musk at a restaurant in beijing. the tesla ceo met with the chinese minister of industry and information technology and he is expected to tour the tesla shanghai factory later today. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ all about china. alix: let's stay with that. jpmorgan chase ceo and chairman jamie dimon sitting down at the base global summit today in china and they talked about the future of the fed. >> the financial system in america in the economy o

he faces a criminal front trial for the sale of his autonomy corporation to hewlett-packard. accused of dressing up the software company to reduce hp. a year later, hp wrote down the value of the deal by $8.8 billion. problems for tesla in china, the electric vehicle maker on every car they were sold their doing dish due to a breaking and acceleration problem. it affects a one million teslas that were either imported into china were made at a shanghai factory. they will do an over the air software fix. linda yacarino is leading to take the helm of twitter. without naming her, elon musk said thursday that he had chosen a new ceo who would begin within six weeks. that's your business flash. alix: thank you very much. it is 22 past seven on the west coast to me want to get to the top 10 stories from the bay area beyond. ed ludlow joins us now. only one story we are looking at and that's the new twitter potential ceo. were you surprised by the choice? ed: nmo, because on the short list of candidates they reported in recent weeks, it makes sense. yacarino had interviewed musk an e

hewlett-packard enterprise shares fell with projected revenue for the quarter fueling fears of slowingwth. the company also trimmed its earnings growth forecast for the fiscal year. >> let's take a look ahead. we have the rba governor said to appear before a senate committee today. we are also watching for us trillions latest cpi numbers. bloomberg expects april numbers will likely show inflation easing to 6.4% year on year. also due today, the private sector credit data for the month of april. let's take a look at markets at the moment. it looks like the relief rally we saw off the back of the debt deal well and truly over. futures across the region are flat or pointing down to some degree here in australia. we are expecting to open one half of 1% lower woman get going in 90 minutes. a similar story for japan, nikkei futures off facing a few headwinds. s&p futures looking flat as we keep an eye on what's going on in washington, d.c. as the debt limit deal works its way through to what is expected to be a conclusion. a quick word on currencies. we have the yen looking week now. we hear

. >> the william and flora hewlett foundation. for more than 50 years advancing ideas and supporting institutions. and with the ongoing support of these individuals and institutions. ♪ this program was made possible by the corporation for public broadcasting and by the contributions to your pbs station from viewers like you. thank you. amna: welcome to the newshour. investigators in texas are still looking for motives in two mass killings this weekend. in one, a gunman north of dallas killed 8 people before police killed him. geoff: in the other, a man driving an suv plowed into people waiting for a bus in brownsville. the impact killed at least eight people and critically injured several more. >> good morning, everyone. geoff: tonight, new details on the deadly collision in brownsville, texas. police identified the driver and revealed his long criminal record. >> george alvarez is a brownsville local with an extensive rap sheet. he has been formally charged and arraigned with eight counts of manslaughter, ten counts of aggravated

lynch faces 17 charges related to the $11 billion sale of his company to hewlett-packard back in 2011d as britain's answer to bill gates, the tech entrepreneur is accused of inflating the value of autonomy before the acquisition. he has b -- consistently denied any wrongdoing. finally, the long wait is over for fans of zelda around the world. nintendo released the latest installment of its gaming saga this friday, tears of the kingdom, a sequel to breath of the wild, come six years after the previous episode of princess elda and link's adventures, and nearly 40 years after the franchise launch in 1986. i may play a bit of that. after getting home tonight. my daughter ordered a copy online. >> i am not a gamer, but six years is a long time to wait. we know what you will be doing tonight -- ok. thanks a lot. time for our daily fact checking segment -- with the elections in turkey coming up on sunday, you have been looking into the extent that misinformation has affected the campaign. >> yes, it's a tight jewel between the incoming president and his opponent, and the coalition that threa

among their benefit factors the founder of hewlett packard, the rockefeller brothers fund which has supportedical climate groups, and the leber witnesses avery foundation an organization that has bank rolled a lot of pro abortion causes. victor davis hanson joins us nouchlt victor the curtain is pulled back and some of those groups, some of those names aren't all that surprising but they want to tear down faith in the american judicial system, do they not? >> they do. and i think we fixate on sam bankman-fried's number who was in the dark money collection, or george soros but this arabella's a billion dollars consortium and its sole purpose is to give cover to people who don't want their identities known and to donate to these very radical efforts to go after, in this indicate, supreme court judges ad hominim. one the ideas that bill a silicon valley icon the fortune he built himself the entire corridor between san francisco would go and try to destroy people like sam alito and clarence thomas is reprehensible. we have a swiss billionaire, mr. wise he has $5 million he funnels through arabell

. >>> shares of hpe, hewlett packard enterprise falling after mixed results.es antonio neri joins us now to discuss. good morning, it's great to have you here market focused on the revenue miss and the guidance below estimates. are you seeing weaker demand for enterprise spending? >> well, good morning, sara, thanks for having me today i think we are navigating an uneven market, where there are pockets, obviously, which continue to struggle a little bit, particularly in general purpose compute. but we see tremendous, tremendous uptick in intelligent edge with the connective and digital transformation, as well as hybrid clouds, and obviously ai, where we saw an amazing uptick in just the last 20 weeks. just in the last 20 weeks, we record $800 million in large models the reality is that hp is in this growth market >> markets not fully buying the ai story, antonio. explain where you fit in and what sort of services you're providing when it comes to ai demand what it comes to ramping up. >> yeah, well we have been and continue to be super computing technologies w

. >> the william and flora hewlett foundation.ore than 50 years, advancing ideas and supporting institutions to promote a better world. at hewlett.org. ♪ >> and with the ongoing support of these individuals and institutions -- ♪ this program was made possible by the corporation for public broadcasting and contributions to your pbs station from viewers like you. thank you. amna: president joe biden and house speaker kevin mccarthy have a deal to avoid defaulting on the country's debt but there's still a threat of economic catastrophe if they can't sell it to congress. lisa desjardins combed through the 99-page bill and is here now with the details and a read on the mood on capitol hill. great to see you. you have read the bill. give us the big picture. lisa: the fiscal responsibility act, 99 pages. big ideas, how large do we want government to be or not? let's talk about the big bottom lines. what do we do for spending? defense spending, we increase next year by 3%, not much relative to recent years. veterans fully funded. nondefen

. >> the william and flora hewlett foundation, advancing ideas and supporting institutions to promote better world at hewlett.org. and with the ongoing support of these individuals and institutions. this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. stephanie: good evening. i'm stephanie sy with newshour west, here are the latest headlines. president joe biden and house speaker kevin mccarthy met this evening in a high-stakes effort to reach a bipartisan spending deal, and avoid an unprecedented default on the nation's debt. the meeting comes at a critical moment - the treasury department says there could be just ten days left before the government runs out of money to pay its debts. we'll have more on this later in the program. a united nations report offered stark new numbers on the human and economic toll of extreme weather. the world meteorological organization counted nearly 12,000 disasters globally between 1970 and 2021. they left more than 2 million people dead, with 90 percent of

the william and flora hewlett foundation, for more than 50 years advancing ideas and supporting institutionso promote a better world. >> and with the ongoing support of these individuals and institutions. and friends of "the newshour." this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> this is "pbs newshour west," from weta studios in washington and from our bureau at the walter cronkite school of journalism at arizona state university. ♪ love and respect. i'm michael render. i'm so proud to be here on atlpba because pbs helped raise me. mr. rogers, sesame seet, the electric company, these were the shows that gave me a window into a wonderful world, featuring people and mentors that help teach me about love and respect. tonight, i'm honored to kick off our first show with the mayor of this great city, keisha lance bottoms. mayor bottoms, tonight on her time in office, her decision not to run for reelection, and her plans for the future. thanks for joining us. atlanta mayor, keisha lance botto

. —— bill hewlett. - it will stop them, it will help them. -- bill hewlett. last six or seven months about mental health, young lads coming, — about mental health, young lads coming, you think they are doing well, _ coming, you think they are doing well, they've got good cars, going on holiday. — well, they've got good cars, going on holiday, got nice jobs and you absolutely— on holiday, got nice jobs and you absolutely haven't got a clue, how it is affecting people, who it is affecting _ it is affecting people, who it is affecting. you can't tell. it is crazy — affecting. you can't tell. it is crazy lt _ affecting. you can't tell. it is crazy. it needs talking about mauron _ crazy. it needs talking about mauron. from a boxing gym point of view. _ mauron. from a boxing gym point of view. we _ mauron. from a boxing gym point of view. we are — mauron. from a boxing gym point of view, we are looking to work with a local— view, we are looking to work with a local charity — view, we are looking to work with a local charity and set something up with them, for peopl

the william and flora hewlett foundation, for more than 50 years advancing ideas and supporting institutionspromote a better world at hewlett.org. >> and with the ongoing support of these individuals and institutions. and friends of "the newshour pure, -- "the newshour." this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. this is "pbs newshour" west from weta studios in washington and from our bureau at the walter cronkite school of journalism at arizona state university. ♪ announcer: this program was made possible by the john s. and james l. knight foundation, the andrew w. mellon foundation, and by contributions to your pbs station from viewers like you. thank you. one of the things i love about teaching is seeing kids who didn't believe in themself develop that self-confidence and then go on to do big things with it. i definitely consider myself a teacher first, poet second. i use poetry as a vehicle to reach young people and adults. 30 students look at me and 45 minutes later look to me, and

announcer: the william and flora hewlett foundation. for more than 50 years, advancing ideas and supporting institutions to promote a better world at hewlett.org. and with the ongoing support of these individuals and institutions. this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. geoff: welcome to the newshour. an intense manhunt is widening tonight for a texas gunman who killed five of his neighbors -- including a 9-year-old boy -- in a rural town north of houston. amna: the shooting happened late friday night -- yet the fbi says they still have "zero leads", leaving the small community -- and an entire nation -- on edge. stephanie sy has our report. >> wilson garcia's head hung low as he wept. the gunman who killed his wife and son over the weekend remains at largepotentially still armed and dangerous. >> i'm trying to be strong for my kids. my daughter.. she kind of knows what's going on. but it's difficult when she comes and she starts

hewlett-packard is down in the premarket, after posting the lowest quarterly maker since the start ofd-19 pand. they say they see market conditions improving for the second half of the year. it's down almost 5% right now. coming up, fbi director christopher wray now in contempt of congress after failing to hand over one single document that could tie vice president biden to an illegal bribery scheme. we're on it, next. ♪ all i wanted was a car. ♪ all i wanted was a car. ♪ i can't, you know, thank my parents enough for making sure that this connection is here. one of the things that my mother told me when she was in the hospital, she didn't tell me, actually, she couldn't speak at the time, but she wrote it down... "go see alicia." oh, my goodness. you know, and there was never a time that you were too busy. there was never a time you said i'll call you back, you know. i needed to be there to carry you through, just like, you know, some of my friends carried me through. ♪ tourists tourists that turn into scientists. tourists photographing thousands of miles of remote coral reefs. that

the william and flora hewlett foundation.ancing ideas and supporting institutions to promote a better world. at hewlett.org. and with the ongoing support of these individuals and institutions -- ♪ and friends of "the newshour." ♪ this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy.] introducing a technological achievement so advanced... it rivals the moon landing. wow! ok. rude. that's one small step for man. one giant leap for mankind. ♪ >> hello, everyone and welcome to amanpour and company. here's what's coming up. pakistan supreme court orders the release of the countries former prime minister after he was detained on corruption charges, the former pakistani ambassador to the united states unpacks this crisis surrounding a major american our i. also ahead. >> i remember hearing her calm. and then around the c

. ♪ this is how we work now ♪ >>> a quick look at hp and hewlett-packard. lower as they missed revenue estimates. the worst performer as q2 revenue guide was below. the ceo told us they're navigating what he called an uneven market with general purpose computing struggling >> yeah, he said the unevenness in the macro environment, but did say a lot of demand for ai enterprise products. that was antonio neary last hour lower close for europe today oil and gas stocks, the chief laggards with crude on pace for its worst month this year. major indexes across the country at two-month lows with the euro sitting at its lowest level since march. soft cpi and inflation data in france the story abroad is in china with already weak manufacturing data getting worse in may, and factory activity slowing significantly. investors are worried the downward spiral in the chinese economy is becoming more of a reality. we've got a 48 on manufacturing which was worse than expected. also, the services component coming in a little bit worse as well as we wonder what happened to tha

who were highly trained and examining -- >> thank you, commissioner hewlett. i wanted to talk about the report so let me stop you there. in the beginning of that you state that there was a divided debate over the state of svb. the federal reserve board and san francisco assumed and lead role for its lead and svb. later in that room for its sights that svb was examined jointly -- f i bs f. the wording makes it appears as if the only involved in a substantive role in the related bank activity. is it true that -- relies on supervision by certain overtime activity by state chartered banks? >> firstly we examine different sections separately. the f dion was very much taking the lead on governance and management of the bank. they took the lead on the icy examination of that bank. they took the lead on the path that examination of the bank. however, when i came to examination under the large foreign think organization program -- the case the more experienced team of the federal reserve program -- >> out of the fbi and conduct itself as a state regulator if it's invol

the william and flora hewlett foundation. advancing ideas and supporting institutions to promote a better world. at hewlett.org. and with the ongoing support of these individuals and institutions -- ♪ and friends of "the newshour." ♪ this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. ♪ >> this is pbs newshour west from weta studios in washington and our viewer at the walter cronkite school of general -- of journalism at arizona state university. ♪♪ [ whirring ] ♪♪ ♪♪ ♪♪ ♪♪

the william and flora hewlett foundation. advancing ideas and supporting institutions to promote a better world. and with the ongoing support of these individuals and institutions. and friends of the newshour. this program is made possible by the corporation for public broadcasting and by contributions to your pbs news station from viewers like you. thank you. >> you are watching pbs. >> i take care of newborns who need to be in an intensive care unit. people come from all over to have their babies here because of the fetal treatment center and the fetal treatments that were developed and conceived here. taking care of all these complicated, tiny little patience really requires a whole team of specialists, from the nurses to the physicians and therapist. the reasons i love working here is because i get to work with families from the beginning of life to the time when they have taken their baby home. we make a really emotional connection with the family. i like being able to see in real-time the effects of our interventions an

hp and i hewlett-packard enterprises both missing analysts' fiscal second quarter revenue estimates.5% as demand for pcs continues to slide. both companies did say they do expect to see a rebound in pc sales related to the current artificial intelligence craze. hpe also won several big contracts totaling more than $800 million to help develop, train and run a.i. models while hpq is working on integrating a.i. capabilities into its pcs. today at least those two letters, a a and i, are not helping either of these sock ises. as pc command wanes, the participant company of designer brands versace, or jim my chao and michael kors expects demands for goods to to waver as well. capris holdings down 11.75%, that's near a 52-week low after it cut its annual sales forecast. demand for handbags and shoes continue to weaken in the u.s. with revenue from michael kors following 11% -- falling 11% year-over-year. sales in asia did rise slightly. >>> folks, we can do need to take you back to seattle where you are looking at a live picture of hundreds of amazon workers who are gathered outside the co

the william and flora hewlett foundation.ancing ideas and supporting institutions to promote a better world. at hewlett.org. and with the ongoing support of these individuals and institutions -- ♪ and friends of "the newshour." ♪ this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy.] christiane: hello, everyone. and welcome to "amanpour and company." here's what's coming up. >> there is still much to be done. christiane: russia casts a long shadow at the g7. is it time to play peacemaker? we dive into this with president of the center for american progress, ambassador patrick gaspard. as well as the impact of the u.s. debt crisis. plus -- >> i'm not sure that the time for actual peace negotiations are at hand right now. christiane: former american ambassador to ukraine marie yovanovitch weighs in on what it will t

. >> the william and flora hewlett foundation.ore than 50 years, advancing ideas and supporting institutions to promote a better world. at hewlett.org. ♪ >> and with the ongoing support of these individuals and institutions -- ♪ this program was made possible by the corporation for public broadcasting and contributions to your pbs station from viewers like you. thank you. william: the long-awaited report by special counsel john durham about the fbi's probe into the 2016 trump campaign and its alleged ties to russia was released publicly today. durham was appointed by former trump attorney general william barr to look into what many on the right saw as a politically motivated investigation. while durham's report offers no significant new evidence, it is deeply critical of the fbi. durham called their handling of parts of the investigation seriously deficient and wrote that investigators were too credible towards partisan actors, writing, "senior fbi personnel displayed a serious lack of analytical rigor towards the information that

hewlett packard and hp inc a beat on eps and a guidance raise.mand for scaleable ai to be a big tailwind in coming quarters. hp inc, shares down more than 5% also a revenue miss. pc sales were below estimates. i spoke with the ceo who expects a second half sales boost and he adds that hp is working with other tech companies to create ai enabled pcs, something he believes will be a refresh of the industry >>> you were talking oil earlier. chevron shares, down about 1.5% after jpmorgan upgrade ahead of its shareholder meeting, as wti falls below $70 a barrel today opec plus could support crude prices in a downturn the valuation is attractive at 11 times forward earnings. shares are down 1.5% and we have another stock reversing course this morning. c 3.ai down 5% it was up big yesterday after that announcement that c3 generative ai is available on the web services marketplace it will allow organizations to quickly and easily to use chatgbt. shares rising about 270%, but up over 100% in the last year back over to you >> frank, thank you. you want to

now among their benefactors, the founder of hewlett packard ,the rockefeller brothers fund.ell, which is supported radical climate groups and the liebowitz abdali family foundation, an organization that has bankrolled a lot of pro-abortion causes. >> victor davis hanson, a senior fellow at hoover, joins us now. victor, you know, the curtain is pulled back and some of those groups, some of those names aren't all that surprising, but they want to tear down faith in the american judicial system. do they not? they do. >> and i think we fixate on sam bakeman, freed's mother, who was in the dark money collection, or george soros. but this arabella's a billion dollar consortium, and its sole purpose is to give cover to people who don't want their identities known and to tend to donate to these very radical efforts to go after, in this case, supreme court judge judges ad hominem. and the idea that billu, at one of the founders of silicon valley, a stanford icon, his fortune that he built himself and founded really the entire corridor between san francisco and stanford university wou

hewlett-packard sales in the quarter ending in july of 27 $.2 billion on the company turns the earningsh a backlog. nvidia fleetingly crossed the $1 trillion threshold after it was vaulted into an elite club of five companies. the only u.s. businesses to have trillion dollar valuations are apple, microsoft. rishaad: checking in with markets and we mentioned the china is a market. hk down 2.1%. hang seng to present down. lower yen stabilizing after a recent gain. kospi is holding off from bull market terrain. looking at oil companies, oil below $70. the barrel affecting woodside energy. lee auto is one of two gainers. yvonne: we will be back at the jp morgan summit coming up. this is bloomberg. >> we continue to look at investing further in japan and australia because with the current environment we believe those countries offer incredible opportunities in the next three years. >> i see a lot of may be potential pessimism looking at the macro figures. looking at the government official growth target, it was 5% and in the usual sense it is a top-down charge and everyone bottoms up to fulf

hewlett-packard enterprise shares fell in late trade with projected revenue for the current order fuelingowth. hbe sees sales ended in july at up to 7.2 billion companies. the company trimmed its earnings for the fiscal year as it works through a pandemic era backlog. shery: right, bloomberg tv it is launching a new series called the new directions hosted by our chief international correspondent for southeast asia, haslinda. the first episode will focused on asean's tech ambitions and opportunities in the region amid u.s. china tensions. here is a preview. >> the regulations the americans put out last october tended to stop china getting access to advanced semi conductors. >> whether it is decoupling or de-risking, it is about diversifying. >> semi conductors has become an indispensable part of our life. demand coming from iot and renewable energies is spectacular. >> you've got to look at the whole ecosystem and supply chain. that is potentially the greatest opportunity for asean. >> i don't think there's any regulations that can stop us from doing business. haslinda: how do you see this

they think it's three months away they say hp, that hewlett packard is a good buy here i don't thinkp turns until the fourth quarter they recommend dell, i don't think dell turns until the fourth quarter you should be buying the chip stocks, micron right now, on the idea that the inventory is finished, the dep plletion i know we're close to micron after this weekend [ cheers and applause ]. >> let's get to the opening bell in the cnbc realtime exchange. on the big board, atlantic union bank shares celebrating the recent transfer at the nas gold house, a non-profit empowering asian pacific communities. >> they don't sound like too many bankers in town i hope paypal isn't watching he may say, what the hell -- i do want jay powell to recognize they do have to wait to see what happens. they tightened and tightened and tightened. let that bank be the last one that falls jpmorgan got a deal of all deals. i think america is going to get angry at a certain point i don't want my regional bank to go -- jpmorgan has more than 10% and the only ones that seem to have the ability to soar. >> there

and then at hewlett—packard, i can see then at hewlett—packard, i can see the transition to artificialth call centres and staff. my point is i can see the advantage but i my point is i can see the advantage but i think— my point is i can see the advantage but i think it boils down to cost cutting, — but i think it boils down to cost cutting, because if you can produce a chip— cutting, because if you can produce a chip that — cutting, because if you can produce a chip that can give you the same responses — a chip that can give you the same responses as mediocre jobs, the chip is about— responses as mediocre jobs, the chip is about a _ responses as mediocre jobs, the chip is about a quarter of the price. as your— is about a quarter of the price. as your previous caller said, what will happen— your previous caller said, what will happen to — your previous caller said, what will happen to the future generation? it is needed, — happen to the future generation? it is needed, it makes it more efficient, _ is needed, it makes it more efficient, and henry ford used the production— efficient, an

. >> woman hewlett-packard time. gentleman from south carolina is recognized for 15 minutes. >> anonymously made, not even on the subcommittee will hold a us is so important to have an opportunity to talk with you wave off i started this process in 2017 bibles in over in south carolina about our post office there. postal service rules the drive up completely. put locks up front where elderly folks have to crawl in the post office. and retreat their name i don't know how that's feasible from a personal standpoint but the driver boxes been there for a long time. second issue is location of the postoffice on the united states highway , is at the top of the hill. so when there's a lot of traffic at the post office there are a number of parking spaces right in front of all fault. people are sitting in a us highway trying to turn in on a little and createthis safety issue . >> .. to look at the post office situation and address some of the issues into the drop boxes or the post office it's so pretty came and spoke to repub

. >> commissioner hewlett, your comments on that? >> yes, a new program of regulations put in place by our federal partners and large foreign bank organization program. sill chronovalley bank was the first bank -- mr. schumer: mr. president. the presiding officer: the majority leader. mr. schumer: so, on a.i., yesterday, mr. president, i met with a bipartisan group of senators, two democrats, including myself and two republicans, to talk about spearheading our bipartisan efforts to focus on comprehensive a.i. legislation. our group agreed that because a.i. technology is developing so quickly, congress has to move fast. over the past several weeks my staff and i have met with close to 100 ceo's of companies who do a.i., scientists, a.i. academics, leaders in the industry of many different viewpoints, and critics of a.i., and i plan to continue to do this. if harnessed responsibly, a.i. has the power to do tremendous things for the public good. it can unlock unimaginable marvels in medicine, business, national security, science, and so