hong kong before handing over the territory back to the chinese and quite clearly saying that howard china deals with hong kong will define its very future and how it stands in the world so i think that was a very clear message there at the same time speaking of iran as a country that has blood lost but also saying that the united states has no interest in having longstanding conflicts with countries whether there's a military conflict see we said that some friends today used to be enemies in the past so that can almost be seen as a bit of an olive branch but mixed in with a very dogmatic anti iranian rhetoric so a very very mixed signals they're also ranging to defending women's rights. homosexuality freedom of religion which isn't such a such a terrible surprise so we got both we got clearly an nationalist speech of a president who is already clearly in election mode. not interested in any conflict i mean that's quite clear if there's any achievement on iran that is his achievement so far he didn't live he didn't listen to don bolton for instance who had already ordered a strike on iran

china. tieverything is negative about him. >> howard guest is judge jeanine pirro joining us from new york.we will give Ãbwe will take your calls in a 20moment. you can join us on social media our twitter at c-span wj. one quick follow-up because the president bear any responsibility for the tone that he sets? he has been a very divisive president, very critical on twitter talk when you talk about the partisanship in this country, doesn't white house bear some response ability? >> look. the president has made it clear that what he wants to do is keep us safe he wants to get jobs he wants to make sure the border is closed. no one has a right to come into this country. it is a privilege. it is something we grant people. when he doesn't want people coming into this country unless they get in line like everyone else for the simple reason that we need to vet them, we need to know who they are, we need to know what they have to offer us like everyone else who waits in line then now he's a racist? >> why do it as name-calling? >> what name-calling are you talking about? >> when he's giving moniker

china are set to resume early next month. >>> another twist for the 2020 election. howard shul ts is out of the running.n comes as a relief to some democrats who worried that a third party candidate could take away votes from the detective nomin democratic nominee. he says he agrees his bid would pose too great a risk in helping, quote, unlikely -- a uniquely dangerous president get re-elected. >>> firefighters have joined crews joining a fast-growing wildfire up north. the red bank fire continues to burn. it's believed to have been sparked by lightning thursday afternoon. it's burned more than 7,000 acres and is 7% contained. mandatory evacuation orders are in place. >>> still ahead on "today in the bay," the raider's saga gets weirder. we'll show you what antonio brown is saying on social media. >>> the antonio brown saga continues to get stranger and stranger. it may be over before it started. brown posted this to instagram about 90 minutes ago. he alludes that the raiders are holding him back and asks the raiders to release him. espn is reporting the raiders have voided nearly $30 million of brown's

howard marks had plenty to say about distressed debt. his hedge fund has been scooping up nonperforming loans in china has dozens of companies struggle.what they've borrowed he spoke exclusively to bloombergs lisa abramowicz. ♪ >> everything is risky, if you can't figure out what you're doing and you are paying too much. the other thing is when there is too much demand, you can't get great bargains, and if you succumb and participate and pay too much, it is risky. >> do you expect to see another 2008 type opportunity, which is one of the years i imagine you're talking about, in the next couple years? >> i don't think we are in a bubble, i don't think we are going into a bubble, comparable to 2008. there's no reason to think we will have the panic in the fourth quarter of 2008 following the bankruptcy of lehman brothers, another global financial crisis. there has been a great deal of debt issue that has been a battle to be the person who buys that debt. the battle has taken the form of bidding down the quality and safety, so there is a lot of risky, aggressive debt that has been issued in the last five plus years, and when that collide

howard stern said he felt like he had to treat his mom like a china cup, like a china teacup.s viewed my mom as a space alien who landed on this planet and whose ship was immobilized and i had to protect her and show her how to live in this world. and i felt that until the day she died. and now i look back at it and i realize one of my mom's greatest strengths, which as a kid drove me bananas, was how despite all -- despite tragedies and losses, she was -- she consciously chose to remain open and vulnerable and optimistic and believing the best in, like, everybody she met and i felt like, okay, she can do that because i'm, you know, running interference and i'm scheming and plotting and, you know, willing to do it. >> any chance that she was doing it because you were there and needed a good example? >> i don't think she thought in those terms, to be honest. can't go that far. she wasn't -- your mom i think was very parental. my mom was more -- she was, you know, she was an amazing creature. >> listen, because my mom was so shattered by the loss, not k destroyed but shattered b

howard marks says opportunity in distressed that are almost nonexistent in the u.s. today. he says he is now looking at chinandportunities go. the opportunities to make money by buying distressed debt are not constant. in fact, they are the least constant thing i know about. we have a 31-year record. the result is pretty good on average. vast majorityhe of our money in the funds over five years and at the other times, the opportunities received. risky.ing is if you cannot figure out what you're doing, you pay too much. the other thing is when there is , you can getnd great bargains and if you succumb and participate and pay too much, it is risky. to see anothert --0-it -- 2008-opportunity 2008-type opportunity in the next couple of years? >> i don't think we are in a bubble. i don't think we are going into a bubble comparable to 2008, so there's no reason to believe we will have the panic we had in the fourth quarter of 2008 following the closing of lehman brothers, but, you know, there has been a great deal of debt issued. there has been a battle to be the person who buys that debt. the battle has taken the

trade talks with china are set to resume in washington early next month. >>> another plot twist for the 2020 election. howard running. former starbucks ceo dropped his plan for an independent run today, which comes as a relief to some democrats who worry he could siphon votes from the democratic nominee. schultz wrote a letter acknowledging those concerns and agrees his bid would pose too great of a risk helping the current president getting elected. >>> we just learned health officials have reported a death in three states linked to vaping. in addition, the cdc says the cases of lung disease linked to vaping has doubled in the past few weeks. there are now 450 cases reported across the country. the cdc believes a chemical is responsible, but hasn't yet identified anything specific. researchers say many of the patients had used vaping products made with cannabis. one mother says her 18-year-old son was diagnosed with a lung infection and vaping is to blame. >> the pictures of his lungs, living proof of what vaping does to your lungs. >> the cdc says people should avoid using e-cigarettes. >>> a north bay doc

howard davis from rbs. we are trying to figure out what market within the brexit, monetary policy, hong kong, the u.s.-chinais it mispricing something because there is different -- difference in yields? howard: we are not seeing a large number of loan impairments and a lot of bankruptcies. we are seeing a decline in consumer confidence. consumer spending is pretty flat, but actually, think that we are observing most in the economy are more the structural changes as a result of online retail, for example, or the growth of syntax which is making some franchises worth less whether it is retailers or whatever. we are not yet seeing a wholesale recession set of indicators suggesting recession is around the corner. i say not yet because i guess if things carry on as they are, we probably will see a downturn in the u.k. in the next six months or so. unemployment remains remarkably low. the markets have been fairly sanguine about what is going on. it is all priced in and nothing is secret about this crisis. i don't think things are quite think.as you would i'm pessimistic about sterling, and sterling is continuing

china amid a drought debt. they investment firm is scooping up nonperforming loans in the world's second-largest economy. saysofounder howardks investing in distressed debt at the moment is a struggle. >> i wouldn't even use the term opportunities. investing in distressed debt is a struggle today. the economy is too good. toocapital markets are generous. it is hard for companies to get into trouble and if they get into trouble, the capital markets are happy to bail them out. naomi: in the. u.k., lack of england governor mark carney may have to extend his term is brexit is delayed. the financial times. reports that naming a successor is less and less likely. mark carney originally planned to serve only five years but has extended his term twice to help prepare for brexit. global news, 24 hours a day, on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. . >>. >> naomi carnival in london, thank you so much. coming up, the fomc's two-day meeting and today, with a 25 basis point cut anticipated. we will discuss. this is bloomberg. ♪ is is bloomberg. ♪ ♪ ♪

chinas going up 25% in due to those tariffs december 15. there is a win and a little bit of loss for tesla. our: howardng. has storiesrland about the max 737. brooke: shares are falling more than 2% premarket after a report from the wall street journal center report with regulators was called off after regulators were frustrated after going failed to provide -- after bowing failed to provide technical details. this is just the latest setback ar boeing and it comes at time optimism had been building the plane maker might meet its deadline. we are also getting reports over the weekend from airlines suggesting their schedule, american airlines and united saying they do not expect the plane to return until december. a research analyst advising investors he does not expect the plane to return until early 2020 at the earliest. david: not good news. thank you so much. alix: the third company we will watch is diamond offshore, and oilfield services company. the sector getting hit on multiple fronts. low oil prices and lower activity as producers prioritize cash flow and shareholder return. handful of drilling

howard and his wife in 2006. washington examiner kelly jane torrence on all the developments. kelly jane, it is official now, we either get a full deal or we don't have any deal with china, what did you make of that? >> i'm very happy to hear that, neil. i hope the president sticks to it. we know he changes his mind often. you know i'm not a big fan of tariffs that they hurt the consumer more than anything else but the big problem with china is the intellectual property theft and a lot of other issues that the communist regime does. they steal technology from american companies. they tell american companies they have to give them intellectual property if they want to do business in china. and that is just simply unacceptable. especially given the worries that china is also trying to develop, steal american technology from military purposes. this is something that, it is huge. this is very important. i think any deal would you it is not really a great deal as president trump might say, because it doesn't get to the root of the problem. that is the theft. neil: what is interesting about it too, to your point, this is the first time he was so unequivocal about it. he had b

him all about jobs report to china trade all of the rest of it let me digress away from money for a second. because this was very interesting political development today. howarding to run for the presidency. and he put out a spaiment ashley i think he's saying didn't want to be guy who splits the nontrump vote. >> that's part it have let me read you statement if i can. he says howard shuttle not enough people today are willing to consider backing independent candidate because they fear doing so might lead to reelect uniquely dangerous incumbent president he got that shot in goes on to say i'm also concerned far left policy ideas are advanced by several democratic candidates and that will further alienate voters who believe those ideas will fin applicant more economic harm than good. so he's criticizing how far left many of the candidates are going for on the democrat side he's also say he's worried he's going to siphon up votes to allow president trump to be reelected. i'm sure he got an enormous amount of -- please don't do this because to you do you'll give election to mr. trump. >> correct so this is a win for democrats because anti--- nontrump vote is not