ian bremmer of eurasia tweeting the worst biggest single day for geopolitical risk since i started eurasiaroup in 1998. ian joins us on the phone to explain. what do you think the implications of the tariffs are going to be? we have gotten the announcement of the retaliatory tariffs from ,hina, and at least in size they are definitely not as big as the ones we announced. what do you make of that? youives: -- mr. bremmer: can't look at them in isolation to see the people around trump right now are much more hawkish than their disposition towards china, and there's not a lot of pushback either from the public and leadership or for business executives on china, as opposed to on nafta, on europe, australia, on american allies. at the same time, you also have a new piece of legislation that has been signed into law by trump on taiwan, a taiwan travel bill that allows american officials to go to taiwan, high-level and vice versa, which is a redline for the chinese. the chinese are looking at all of this and looking at tightening american restrictions on the way that china is considered on techno

italian elections, ian bremmer.his seems to be pretty big news. >> i think this is the most significant anti-establishment vote in a major industrial democracy in decades. over 50% of the italians said that they're either for the five-star movement. you're a skeptic, which is now the largest part, or the northern league, strongly anti-immigration. the establishment parties are devastated. it's not going to matter that much near-term, because the european economies are still doing well. but the fact is, anyone that hoped that macron was turning the page and now we're anti-globalization, it's a wave across europe get stronger and stronger and italy shows that decisi decisively. >> to me, the big news is populism is not dead. you know, we have not passed peak populism and technical shows that pretty powerfully. thank you all so much. fascinating conversation. for more on italy, i had a chance this week to interview one of the nation's finest minds about what it all means. go to cnn.com/fareed and see my chat. >>> comin

that's quite a big call from ian bremmer. where do we stand at the end of this quite troubled week? isthe most worrying saying president trump is looking to do more business in some instances, heftingwan, which is sanctions on china, that's crossing a line for china. the response has been moderate and everyone is seeing this as a bluster and a bluff and clearly the way the u.s. backed away this is a positive. as a means to an end and i think everyone hopes is going to blow over. it's not going to quite as calamitous as it might be. bond market wise, i think markets will rally pretty sharply. is theeresting in europe peripheral risks rally with them. not as much, but this was the classic risk off move. equities, itr looks that way, but you dive a little deeper and it seems as an most things are relatively been ,ragged down by the bund yield which is driving core yields down. everyone else is coming with it. mark: on call on market yields because of this threat of a trade war? i think you're a its own little world and because of such redemptions which the european central bank has pro

. >> reporter: cbs news senior global affairs contributor ian bremmer. >> the middle east is a regionre if the united states is not playing the role of sheriff, there are lots of people that are prepared to be leaders. the only problem is they hate each other. >> reporter: with the recent nomination of mike pompeo to lead the state department, jeff, the syrian policy is likely to be scrutinized over the next few weeks. >> glor: and some telling words there from ian bremmer. jericka duncan, thank you very much. the first night of passover follows a day of violent clashes in the holy land. at least 15 palestinians were killed and more than 1,000 elunded fighting israeli troops along the gaza border. with more on this here's roxana saberi. >> reporter: as tens of thousands of palestinians marched to gaza's border with israel today, some burned tires and threw stones at israeli troops. others stomped and burned pictures of president donald trump. israel's military respond with tear gas, some of it dropped by drones. and says it opened fire on people trying to break through the border ille

ian bremmer weighs in on the white house's latest moves next hour.minder you can catch all of our interviews on the bloomberg function tv . you can watch our interview earlier with the chinese ambassador on his response to president trump's tariffs on chinese imports. live from new york, this is bloomberg. ♪ . . julie: with the leather in new york at 11:00 p.m. in hong kong. from new york, i'm julie hyman. mark: live from london, i mark barton. welcome to "bloomberg markets." julie: here are the top stories we are covering from the bloomberg and around the world. president trump threatens to veto the $1.3 trillion spending bill passed by congress, raising the possibility of a government shutdown at midnight. turn,takes a hawkish picking john bolton as his new national security adviser as he ditches moderates in his inner circle. trade tensions escalate as china heads back on u.s. tariffs. we speak with ian bremmer about why he says geopolitical risk is the highest he has seen since the 1990's. 90 minutes into the trading day in the u.s., bloomber

. >> reporter: ian bremmer is president of the eurasia group and a cbs news consultant. >> on north korea there's no question that trump has moved the need frel beijing, and therefore, now, from pyeongchang, in a way that neither of the previous administrations democratic, or republican, have been able to do. >> glor: major, on capitol hill today, the director of national intelligence did say we have seen this movie before. what did dan coats mean by that? >> reporter: what he meant is for u.s. presidents, the problem hasn't been negotiating with north korea ear reaching agreements. it's been north korea ignoring those agreements, and then advancing its pursuit of nuclear weapons, and now accelerating its pursuit of ballistic missile technology expect that's why, jeff, the u.s. said today it will continue with planned joint military exercises with south korea in a couple, three weeks. >> glor: major garrett, thank you very much. and now to margaret brennan, our forbe affairs correspondent. margaret, there's a lot of skepticism about what the north koreans are saying now via the south kore

let's with cnn political analyst car rin demirjian and ian bremmer. ian, will they response and how? >> it's tit for tat. this is a particularly large expulsion, larger than what bauchl did in response to the hacks as well as harassing a bunch of american diplomats in moscow. they will close an american consulate in russia, i'm virtually certain and we'll see roughly the same number of american diplomats/intelligence officers, in russia many will be diplomats. to be clear, trump absolutely was pushed to make this decision as advisers around him. he didn't have to. i do think it reflects a change. >> ian, when this happens, they respond tit for tat and expel our diplomats, then what? what happens next? >> what's interesting is, if you look at the russian ambassador in washington, people around him, they're really not meeting with americans right now. some of those relations have been cut. some of them are scared, they're gun shy because there's so much coverage and concern. it's not just that we have bad relations with russia, we have non-functional rel

ian bremmer weighs in next don't go away. see that's funny, i thought you traded options.really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> welcome back to "squawk on the street." i'm david faber along with michelle caruso cabrera. let's take a look. we're well off the lows. the s&p started the day down around 0.4%. you can see a .10% loss. nasdaq is down a quarter of a percent. generally speaking, a rather quiet trade. >>> president trump's tariff announcement are likely to dominate the nafta talks that are going on today steve liesman is there with more hey, steve. >>

so will international regulators step in and curb facebook's business let's bring in ian bremmer, founderresident of eurasia group. thank you for joining us today. >> sure. >> so we've got increased scrutiny on facebook and mark zuckerberg from u.s. regulators and lawmakers but also across the pond in the uk are we sort of standing on precipice of a broader regulatory crackdown on facebook and other big tech companies not just in the u.s. but globally? >> certainly it's not going to be as easy for them, i think at the very least there could be consumer backlash in terms of to what extent they want people to consume their product, that hurts their brand, hurts in the united states, hurts in europe, too. on the regulatory side, there's a little bit of an "oh, my god, i can't believe there's gambling going on in the casino." we understand facebook is a huge advertising company, that's how they make their money, they are selling their data they have said repeat they are not a media company, they are just an advertising company and we know that data is how they make their money so there's no s

ian bremmer is president and founder of the eurasia group, as well as a global research new york at university. welcome. >> good to be with you. >> brangham: the stock market did not ke the tariffs today, stione. noquems that a 700-plus point drop is probably the largest we've seen in decades on the back directly ricane actn of an ame president. so that's significant for a president who's been talking up the markets withegulatory rollback, corporate tax reductions. business has generally been very happy with trump. what'snteresting, even though the markets take a bigdup, unlike trump's threatened tariffs to allies all over the world, the corporate community has been increasingly saying to the trump admiotrinn chata, wwen ot getting reciprocity, we don't have market access, tey're stealing our intellectual property. it's rely challenging for u to do business there and we need someone to be tougher. >> brangham: the president kept using the wrd reciprocal today. do you think it will have the intended effect that it will curb china's actions that all these individuals think are so odious. >> if i

ian bremmer, president of the eurasia group. one of the smartest guys around.thank you for watching. i will be on tv probably from d.c. tomorrow. that's the plan. we'll see how the weather holds up. i'll see you tomorrow at 11:00 one way or the other. "deadline white house" starts right now. >>> hello, everybody, it is 4:00 here in washington, i'm peter alexander in again for my friend, nicolle wallace. the president today speaking on the phone with russian president vladimir putin two days after putin's landslide victory in russia's presidential election. an election widely condemned by critics as rigged. and five days after the u.s. imposed those sanctions against russian nationals for meddling in the u.s. elections in 2016. so you can imagine, the president of the united states would certainly have a lot to say to his russian counterpart. here's what he did say. . >> i had a call with president putin and congratulated him on the victory. his electoral victory. we had a very good call and i suspect that we'll probably be meeting in the not too distant into up

ian bremmer just said that to us. this could be the defining issue for this administration.orter: you are right. the symbolism of this meeting between two of the world's most eccentric leaders in the world is actually quite something. if we look at what is happening here, it is important that we remind ourselves of the fact that the u.s. and north korea are still technically at war. the korean war that started at the start of 1950 still continues, theoretically, because it did not end with a peace treaty. it ended with a cease-fire. what trump might try to do is offer a peace treaty deal that would formally conclude the war, which would help remove the fear among north koreans that the u.s. might try to provoke another war. in return, trump might be able to get a promise from kim jong-un that, yes, we will try to denuclearize. morning,ead a lot this limiting my expectations as to what can be achieved in negotiations. indeed, what we can predict will happen from here. why is kim jong-un reaching out at this point? sam: that is a good question. point to theto yuan security cou

joining us on the phone, ian bremmer, president of the eurasia group. g on the line with us in this developing story. looking where we are right now, what is your initial reaction? let's start there. ian: clearly president trump deserves credit for this opening. the fact that kim jong-un has expressed a willingness to engage in talks, that he is also willing, as long as talks are continuing. it looks like unilaterally icbmng nuclear missile, and missile tests. it is unprecedented. did not get it under obama, did not get it under bush. it is a big deal, no question it is a positive move. but let's be clear. if we are to have a direct meeting between trump and kim, the likelihood of a diplomatic breakthrough from an american president who wants a deal is reasonably high. it is higher than it has been at any point since the conflict started. i don't know if that is 20% or 30%. that also, a possibility it could go badly, that trump could be embarrassed, that they make an agreement kim jong-un backslide on. president trump will be much more invested as a cons