jonathan: local dollar? lisa: very select. jonathan: china has had its problems.olicy mistakes and central banks struggling to regain credibility. brazil as well. where you at at the moment? bob: when i think about being a crossover investor in emerging markets, diana is right. i need a big bottle to get in and invest. there are attractive things about latin america. currencies look oversold. the dollar is not going to go up forever. some models tell us it will flatten out. when you look at real yield, the u.s. is struggling to restore yields to bond markets. they are abundant across latin america. if we get stabilization, we expect money to recycle into the external and local markets. jonathan: the question for j.p. the very nature of this conversation talking regionally, not local securities. how important is it to be in that space? lisa: the security selection or regional selection that you get you willlatin money, have safety tightening and liquidity will have to be a factor. what we have seen is managers have struggled merging some of the flows in and out of

this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."e from j.p. morgan asset management. over to china we go, where chinese markets ended the week on a stronger footing, with the yuan reversing an earlier slump spurred by the central bank's move to weaken daily currency fixing by the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets debt here at jpmorgan, and still ele. me is bob mich always good to catch up with you. your thoughts on china, and whether you have a handle on what is happening with the pboc and currency policy, and the things that have changed in the last couple of months? diana: i think what the chinese are doing is the right response. what we have seen in the last few days is they have stepped back from leading into the currency. they are willing to let the market determine where the currency levels trade. initially they were fixing them stronger, but they are willing to see where the market is pricing it. that is the right response

jonathan: krishna. krishna: no. jonathan: iain. iain: no. have we seen the lowest unemployment curve of the cycle? ira: no. krishna: no. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna men money? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions. great to catch up with you. krishna men money from oppenheimer funds iain stealey , joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate offi

♪ jonathan: live from jp morgan asset management, this is "bloomberg real yield." ♪ jonathan: coming stepping on the fed's independence. president trump pushing back against higher rates. chairman powell testifying that rate hikes will continue. for now. and meeting presidential resistance. the dollar rally and the u.s. struggling to find stability. we begin with a big issue, stepping on fed independence. >> ultimately it puts into question what the stature of the fed is, and fomc and their ability to maneuver. >> the fed is not going to react from tweets from the president. they don't need to. >> it is a strong institution, and they have staying power. >> it is time to move rates back to normal. i think they will continue on that path.. >> if people start to feel the fed is going to kowtow to the president and allow the economy to grow too fast and inflation to go up, interest rates will rise. bond vigilantes will kick in and rates will rise, which is what the president does not want. or maybe the fed will say to show its independence, it will preemptively raise rates. either way, t

this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro.his is "bloomberg real yield," live from jp morgan asset management. over to china we go, where chinese markets ended on a stronger footing. central banks moved to weaken daily currency fixing, the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets here at jp morgan and still with me is bob michele. always great to catch up with you. with what is happening with the currency policy, things have changed. lisa: what the chinese are doing is absolutely the right response right now. what we have seen is they stepped back from the currency. they are willing to let the market determine where the trade -- currency levels trade. they were fixing stronger, but they are willing to see where the market is pricing it. that is absolutely the right response. for the pboc it is the right thing. today we saw announcements they to bellow some bonds investing again and easing regulations that they had, trying to read

jonathan: from new york city for our viewers worldwide, i'm jonathan ferro with 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, u.s. gdp --the fastest growth since 2014. the president says there's more to come. the junkiest of junk debt continues to outperform. supply scarcity, supporting high yield. and looking ahead to a big week of central bank decisions, the boj and fed coming up. we begin with a big issue, is this as good as it gets? >> maybe this is the one time as good as it gets q2 record high print. >> this is really about shifting the growth debate away from that low for longer, new normal. >> you've got at least 18 months, maybe 2 to 3 years left. >> the tax cuts had a big effect on the second quarter. >> everybody has this growth fading over the next two years, back down to that long-term sustainable below 2%. >> while this one print is interesting and it does give us information, i am not sure it is going to fuel a level of exuberance that is not really supported by the fundamentals. >> third quarter and fourth quarter, you ar

jonathan: krishna. krishna: no. jonathan: iain. iain: no.han: have we seen the lowest unemployment curve of the cycle? ira: no. jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna memani? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions about guidance. great to catch up with you. ira jersey, krishna memani from oppenheimer funds, iain stealey joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪

jonathan: from new york city for our viewers, i'm jonathan ferro with 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: u.s. gdp sees the fastest growth since 2014 and the president says more to come. the junk debt continues to outperform scarcity. make central to bank decisions. the boj and fed coming up. we begin with the big issue, is this as good as it gets? >> maybe this is the one time as good as it gets q2 record high prints. this is really about shifting the growth debate away from the low for longer, new normal. >> you have 18 months left. >> the tax cuts had a big effect on the second quarter. >> everybody has this growth fading over the next two years. back down to the long-term sustainable 2%. >> while it is information -- while it is interesting and gives us information, but i am not sure it is going to fuel a level of exuberance that is not really supported by the fundamentals. >> third quarter in fourth quarter, you are talking a global turbulence. >> the market is starting to anticipate some of those factors. >> the economy keeps moving along

this is "bloomberg real yield." ♪ ♪ jonathan: i'm jonathan ferro. jonathan: i'm jonathan ferro.is "bloomberg real yield." i want to head to the auction block now, where more than $240 billion of treasuries were offered this week. i want to focus on the $30 billion sale of seven-year know it's can mother had the lowest yield in three months, when they beat the cover ratio of 2.3, weaker than the last seven-year note sale. meanwhile, in italy, the country had its first auction of five and 10 year debt since the new populist coalition took office. the sale posted a bid-cover ratio which was the lowest in almost a year. even with the yield on 5-year bond's, there are the highest in the eurozone. and russia, the country is on track for its biggest bond issuance in years. it sold half of the seven billion dollars it wanted to borrow this quarter. that is the worst result since 2015. still with me around the table, priya misra, bob miller, and joining us from dallas, texas, is mark okada. let's get to the story of treasuries so far this year. we have seen the call from goldman sachs, w

jonathan: -- back of it. jonathan: fireeye? -- ira? if you look at the paycheck of the economy, this is a chart i look at. you can look at the hours worked, the amount of people working, how much they get paid per hour, and this is growing at the same rate that we did before the crisis. saying this is a solid number in some ways is a little bit of an understatement. this is really on trend and a good number when it comes to job growth. krishna: i think job growth is good. i think the differences this is happening at 3.5% unemployment rate as opposed to 5% or 6% or 7%. that is the most remarkable thing. and it gives water to the thing that the fed does not really have to tighten. maybe in 2019, they will be backing off the path they are down. jonathan: it raises an important question. i remember moving to the united states a few years back and i was told get ready for payrolls growth to moderate. we are not going to be able to continuously print 200k, 200k. guess what we are doing? we are printing 200k. how is that still possible? i thi

♪ jonathan: from new york city, jonathan: from new york city, i'm jonathan ferro.his is 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, wrapping up the first half with treasury bears closing gaps. rates and a, and heights on yields. areging-market assets facing down when of the worst quarters and almost three years. just how safe is the new safety trade? investors flocking toward leveraged loans. we begin with a big issue. can u.s. markets decouple from the rest of the world? >> the u.s. looks like a better place to be than the rest of the world right now. islandre the one strong performing well, and the rest of global growth is slipping. within the u.s. economy continues to do well. it could be isolated as long as the shocks are not massive. >> we are looking at economy that is driven by the consumer. when you think about it you can him at health of the u.s., still very strong. the consumer remains strong. >> the u.s., ultimately, will not be able to decouple. it is part of the global economy. even president trump will

jonathan: is this a late cycle fear?l like we've been talking about late cycle for years and years, that when we started we were not actually in late cycle. how does -- how do you have confidence that is where we are? >> i think there are a number of factors in play. forcing a slowdown of growth in china, we are seeing the bank of japan, ecb solving some monetary policy. there are some idiosyncratic events around the world. market pressure. the potential threat on tariffs and trade worse. -- trade wars. there are some new risks, not just the cycle, but idiosyncratic risks. jonathan: also the question of how effectively the market discounts risk. that's been a big problem. companies filing for bankruptcy. look at what happened to facebook this week as well. -- is therket is market aware of risk as well as they should be? >> when things move, they move that six-figure deviations instead of two. a lacksically points to of liquidity in the market that used to be there in terms of buffers. how you play that, that the more int

he did say he would prefer if it was -- >> did you, jonathan?ll, you can't have a wife without a husband. that's for sure. and i think it's a kind of coincidence that it's out now because this was something, the original screen play was 14 years ago. but these issues of male/female power relationships go back to time immemorial. one of my first plays that i did in liverpool that i directed and later acted in is taming of the shrew. we used that play as a vehicle to show the inequalities in male/female relationships. you know, if something is right for its time, it becomes relevant to any period in which you watch it. >> and, again, it's so interesting that this is based on the novel by a female writer, as you mention. her name is meg wirlitzer. i interviewed her about "the second shelf" which is precisely what another seriously. let's play a clip with my interview with meg on this particular issue. >> i went to a book party years ago and i opened the piece this way. a man i met there asked me to sort of tell them about my books. i described them

piping. >> this is jonathan's cake. >> seth: okay.. i got blueberries. >> now you can do the same thing. all of these are fitted with different star tips. >> seth: okay. >> and then just hold like this and press and up. >> seth: press and up. >> yep. >> seth: oh. [ laughter ] >> and -- not all in the same place. [ laughter ] h: tre you go. so good for >> that's better. so you need practice. and then you just keep doing that. making all these. [ laughter ] why do yours look so good and mine look so bad? [ laughter ] >> seth: i i think yours look bad. [ laughter ] well, that was a good one. >> oh, yeah, that's good. so you just keep trying all the different tips. >> seth: okay. >> here's a nice one. try this one. this is a big one. >> seth: okay. >> and then you just keep doing that. this is a blue -- >> seth: oh -- [ laughter ] >> this is -- >> seth: how big can you make -- i'm going to make the biggest one you've ever seen. [ laughter ] >> okay, start down low. yeah. [ laughter and applause ] >> seth: all right, you give that one to j

jonathan he reports. >> how many of you -- jonathan: the discovery on monday seemed miraculous. but the rescue has confounded those trying to help them. s believe theyit have no choice. tonight the local governor sd they would have to risk taking hethe boys outame way as the divers, and soon, because the expected rain next week. innathan: supplying the boys is a long and exhaujob involving dozens of thai and foreign divers. this is the easy part of the route.ta the last part kes six hours and needs six heavy air tanks for each diver to get there, and back. it was while returning from laying down those extra tanks -year-oldn gunan, former navy diver, became unconscious and died. this is him a week ago as he boarded the plane to come herean help. now he is being flown back to his hometown to a hero's funeral. his commander acknowed that time is running out. >> we have felt the children -- we have thought the children could survive there for a long time, but everything has changed. -- expected to return jonathan: could be much riskier. the past week of little rainfall -- has given

jonathan allen, melanie, stick around. we've got more to talk about, stick around. >>> the future of roe v. wade with justice kennedy leaving the supreme court. the role chief justice john roberts would have, up next. >>> and before the break, the earth-shattering retirement of justice anthony kennedy reverberates in the realm of late-night tv. >>> justice anthony kennedy met with trump for half an hour. actually, he wasn't planning to retire, but after 30 minutes with trump, he's like, i've got to get out of this town. i've had enough. i'm going to retire, i'm good. >> justice kennedy, wlhat are yu doing retiring, man? you barely work, you get to wear a robe all day and give your opinions on stuff. that basically is retirement. >> he's 81 years old, so he'll go from sitting around in a robe all day to sitting around in a robe all day. so it's going to be very difficult. >> i never thought i'd say this, but you're only 81! discover card. hey, i'm curious about your social security alerts. oh! just sign up online and we'll

. >> my name is jonathan stout. life's mission to land the good book on the moon. those lunar bibles are my rightful inheritance, but they're locked up in a judge's chamber because someone else is trying to claim them. >> hi, jonathan.i'm jamie. >> it's great to meet you. >> thanks so much for writing and inviting me here. jonathan brings me inside to show me a small sample of his strange inheritance -- this tiny piece of microfilm. that's it? it's as small as a postage stamp. what's on there? >> that's the entire bible. >> on one little, tiny microfiche? >> on each sheet. >> when it's magnified under a microscope, sure enough, there's the holy scripture. >> that was my dad's dream to get the bibles to the moon. >> wait. your inheritance, these little teeny, tiny bibles, went to the moon? >> yes, they did. >> jonathan's dad, john stout, born 1922, is a whiz kid who grows up near fort worth then heads off to texas a&m. he earns one degree after another. what were they in? >> religion, mathematics, science, chemistry,

jonathan: jonathan head reporting there as the families wait anxiously for their boys.he president-elect of mexico has proposed a new plan to president trump to boost the mexican economy and cut down on migration. dresue manl lopez obrador made the suggestions tneay during a p call with the two leaders following his victory. he won 53% of the vote. easily defeating his nearest rivals. however, it is unclear whether his party, there national neration movement, will have a majority in parliament. katty kay has been covering the toection for us and i spok her earlier. what is the atmosphere like in the wake of this landslide victory for mexico's new president? katty: mostly depressed about the fact mexico has been thrown out the world cup. but last night, a lot of celebrations amongst lopez obrador and his ryctory. 53%, ee is saying that is stunning to get that much of a rity. a strong showing in congress. he goes into his term in office with a lot of backing from the mexican population. i would say that the atmosphere to some extent though is let's see -- we have tried ev

care about the will of the american people than i was you know i kind of what would you suggest jonathan overturning the results of the election i'm not talking about overturning the results of the election you literally just said the american people elected him you are again i don't know how you don't read issue two same order jonathan then steve the crowd of protesters beneath that baby trump blimp in london looked bigger than the trump inauguration crowd sean spicer called the biggest ever and the world was watching what did they see in london jonathan they saw our president somehow floating above those people i guess i wasn't actually him but it almost was now i thought that was great i love i love the resistance that's not only i have never seen that kind of a protest take place for a visiting head of state that was just amazing it was beautiful. and it shows that not only do the american people have a very healthy distain for this person because he's the scum of the earth but apparently so does i don't want to around their out around the world so i don't know i thought of that don'

decision to leave so let's bring in our guests for today's discussion both of whom are in london jonathan lists is the deputy director of the business advisory group british influence and john johnston is a political reporter at politics home gentlemen welcome to you both jonathan list let's start with you the now former foreign secretary boris johnson said in his resignation letter that the brig's it dream is dying suffocated by self-doubt is he right. dream is the opposite word because it never existed except in his imagination imagination is but a cool breakfast is it was always going to be a case that the breaks that he wants he could never be delivered you either have a break say in accordance with what the e.u. says which is boosting the market in full customs union or who you have. a wish to advise the case in the markets between northern ireland and great britain or you have no deal a tool there is never any option for cherry picking boris johnson has been living on for too long not just boris johnson it seems that briggs it is within the conservative party the governing conservat

jonathan, i know, it's hard to take in. let me read his statement. they have mischaracterized my intentioned in responding to the breaking news presented to me. my awkward response was, in no way, to be disrespectful or criticize the actions of the president. why release this, to save his job or he feels bad about his initial response on that stage? >> well, i think, poor dan coats. i mean, here is a guy, the director of national intelligence humiliated when he said he believed the russian intelligence more than his director. so, let's start with that. it's been a rough week for dan coats. the president did that on the international stage and, so, coats was reacting, i think, to andrea in a normal way at the aspen conference, to have fun with what's going on. again, it's hard to read his mind at this point. i think there are a lot of people surprised that dan coats stayed in his job, didn't resign from the job after the public embarrassment and humiliation. at this point, he wants to remain to the extent he is influential to the president. it's not c

jonathan: this was the moment they were found.ritish cave diver calling out to group in the mountain. >> what day is it? >> monday. you have bee here 10 days. 10 days. you are very strong. very strong.er jonathan: as thes turned to leave, promising to return with backup, one of the boys says to them -- please tell them we aregr hun >> i know. i understand. we'll come. jonathan: fofamilies of the boys, a joyous and the nine agonizing days of waiting, hopingjonathan: and despairing. >> today is the best day. i have been waiting for my son for so many days. i am so excited. the first thing i will do his hug him. jonathan: for the thousands of volunteers, officials and others who have taken part in this extraordinary multinational search operation, a very special moment. most of all for the local governor, who has been the puic face of this rescue and ordered officials working on it to think of the boys as their own sons. he describes how the boys were discovered and then said simply, we found our younger brothers and they w safe. [ch

>> yes. >> why would jonathan turn on his father and lie?ense lawyer said it was jonathan, not his dad, who was motivated by greed. if stephen scharf was convicted, his son would get all that insurance money. >> who does the money go to? >> it goes to me. >> in the end, the lawyer called steven scharf's son a spoiled brat. >> that's some spoiled kid. >> who was not a credible witness. in closing the attorney insisted this wasn't a murder case. just a sad story about a woman who tumbled drunkenly to her death. >> this case is an accident. nothing more. nothing less. >> soon it would be in the hands of a jury. >> coming up. >> it was the light bulb. you couldn't help but think that's interesting. >> the jurors speak. what would they decide? >> steven, did you kill your wife jody? >> the verdict when "dateline" continues. what does life look like during your period? it's up to you, with tampax pearl. you get ultimate protection on your heaviest days and smooth removal for your lightest. tampax pearl and pocket pearl for on the go. they work tog

jonathan: a wonderful line. he said it to you like three times.ex margarettly, yes, that's why i'm asking you why the president's saying otherwise, siy is the pnt saying things that aren't theless of the u.s. government? because it's very, very confusing to european friends and allies that you were just mentioning there. and the reason that the rhetoric matters is not, this is a president who w elected as a disruptor and that's not tcessarily what outcry on these national security matters is about. it's because those guard rails to protecte not only the president from himself but to protect the country and to protect the when you were talking about words mattering for nato, the collective defense premise is what nato is about. protecting each other. if you are drawing into doubt that montenegro or one of those members is worth defending, then that stops working it doesn't matter if you up defense spending,tif vladimir doubts whether or not you come to defend those countries in the first place. so that's where th

if you're ever going to be here hala all right let's do the lightning round in that order jonathan then steve thirty seconds each max or the economy how we do and the economy is doing well the economy is doing very well as trump is happy to tell everyone i just i think the thing he usually leaves out is that the trends that he's enjoying right now began under the previous administration that's always something that he tends to leave out he also leaves out the numbers that he likes to tell right now he called fake when they were under president obama so i'm not quite sure when they became real maybe it was after he was inaugurated of the shabat it steve well it's certainly more than just the unemployment numbers which are at all time record lows for you know if we can name all the groups it's also consumer confidence it's confidence in the direction the country is going when it comes to the economy it's the lowest number of people on food stamps and he is undone just about every regulation and economic policy of obama so it doesn't lend credence to the fact that this was started under ob

i agree with jonathan that the no deal sonar is the nuclear option and it's nobody wants to have that neither the u.k. noid the e.u. nonetheless very strange things have been happening in global politics in the past two years and i wouldn't put it beyond this government to see that there could be a no deal option simply because that's a negotiations get completely log jammed because of domestic politics here at home politics on the european stage and global events with you know what donald trump is doing for example at the nato summit this week so i don't think it's impossible i don't think it's my base case scenario but the most disastrous outcome is still very much an option on the table jonathan this one last question to you the independents that the now online newspaper wondered on wednesday if with one hundred days to go the divisions within the u.k. societies within u.k. society rather over brigs it can ever be healed. it will be a very very long process funny isn't it when when a break stays say a new referendum or people's votes will be that it would be credibly divisive break

also had breakfast with the helsinki from a ship as well let's bring in jonathan steele international affairs commentator to give us a inside on today's expectations on the summit as well in fact stand by for us jonathan just stand by for one moment if you will there is the russian president vladimir putin after what must have been a very late night last night with the final of the world cup wrapping up and russia of course france winning the world cup and putin being involved with various a ceremonial awards ceremony and diplomatic gestures after the world cup god only knows what time the russian president went to bed last night but he's finally arrived here in helsinki it's right now it's ten past one in the afternoon it is a twenty nine degrees celsius there in helsinki and that jacket it's going to be a hot day barry is the russian president now getting into his cold limousine here so let's get back now to jonathan steele our international affairs commentator joining us live on the program as we fade away from these live pictures of helsinki international airport jonathan steele t

why would jonathan turn on his father? your wife was drinking -- >> the jury deliberated for three days to decide if he should be guilty or not guilty on a single count of murder. >> on behalf of murder, guilty. >> guilty. >> later jurors said what united them was jodey's friend, telling them that she was terrified of her husband. >> possibly she was telling everyone if something happened to me it's my husband. >> it was another woman in steven's leif that swayed the jury. >> that was something that pushed me towards what we decided in the end. >> it was the light bulb. >> to them, it wasn't jodey who slipped, but her husband. they believe it wasn't just a fall from the cliffs, it was a cold-blooded execution. steven sharp was sentenced to life in prison. he says the jurors condemned him not on the facts, but for his and jodey's tumultuous open marriage. >> so, you think this was a moral judgment -- >> yes. >> -- on the part of jurors? >> i suppose some people would say, well, he was punished for his moral's weakness. but

oliver and jonathan, to both of you, thank you.o the end of a story now that seemed almost impossible two weeks ago. tonight, against all the odds, all 12 boys and their soccer coach have been freed from a flooded cave in thailand. ambulances took the last of the boys and their coach to a local hospital, where they are said to be in good condition. the boys, aged 11 to 16, spent more than two weeks deep inside the cave after water sealed off their exit route. one rescue diver died last week. today, an underground nightmare finally came to an end. reporter: it was the outcome the world had been hoping and praying for. there was jubilation as news reached the volunteers helping with the rescue operation. all 12 of the boys and their coach safely out of the cave and recovering in hospital. >> today is a great day. all the boys are safe now. reporter: triumph, too, for the regional governor who led the hazardous multinational mission to get the boys out. >> no one thought we could do it, but we did it. it was a first for the world than

his mother was dead. >> i said, come on, jonathan, we need to take a walk.told him. he immediately burst into tears. and i cried. i cried like a baby. i wasn't ashamed. >> he remembers his distraught son's reaction but little else from those dark hours. >> were you sleeping? were you eating? >> drinking. >> you were drinking. >> i had lost my wife. my son lost his mom. >> there was plenty of sympathy among family and friends, to be sure. for the man newly widowed with a small child to raise on his own. his wife had died in a freak accident, off a cliff, of all places. how could that happen? and that's exactly what police who were there the night of jody's death wanted to know too. >> right away i got a feeling that there was something definitely wrong. >> it nagged as rescuer michael chiofi. why was jody's purse on a ledge just feet below where her husband said she had fallen? >> where is she? she should be here. part of her should be here. >> that's the first thing that came to you. >> either she should be here or the pocketbook should be down with her. it

robert: jonathan, what's the view inside the west wing as thha're watching jonathan: i do the two phone calls quickly. first oneas literally while it was still going, going, have you seen y this, d know about this? i didn't know about this, did you know about this? and the second one was pretty shortly after that, a senior white house official who was already speculating t aboutmp firing coates. this is not having yet spoken to the president about it. they're all completely blind-sided by this interview. my understandings john kelly didn't know about it. the first he knew about it was when he saw it. that's not atypical in this administration. if you talk to anyone at the moment in the west wing, you can get pockets of information in a particular silo'd area based on what they spoke to the president, the last spoke to the president two days ago. but no one feels confident in giving you imparting information. people aren't even pretendin to -- eight months ago, everyone was giving you these great otheoriesf how actually he's really playing 4-d chess, deepho insight int the president thin

i agree with jonathan that the no deal sonar is the nuclear option and it's nobody wants to have that neither the u.k. noir the e.u. nonetheless very strange things have been happening in global politics in the past two years and i wouldn't put it beyond this government to see that there could be a no deal option simply because that's a negotiations get completely log jammed because of domestic politics here at home politics on the european stage and global events with you know what donald trump is doing for example at the nato summit this week so i don't think it's impossible i don't think it's my base case scenario but the most disastrous outcome is still very much an option on the table jonathan this one last question to you the independents that the now online newspaper wondered on wednesday if with one hundred days to go the divisions within the u.k. societies within u.k. society rather over brigs it can ever be healed. it will be a very very long process funny isn't it when when a breaks to say a new referendum or people's votes would be that it would be credibly divisive breaks

let's bring back caitlin and jonathan. jonathan, your reaction to that?ood judgment on her part. when we last saw hope hicks, she was testifying before the house committee, looking into the russia meddling and collusion allegations. i don't think she is comfortable with being part of that inquiry. she was, according to people familiar with that testimony an forthcoming than others. there was that and the scandal of porter, that she was associated with. he was accused of domestic violence against past wives. the scandal around the trump administration was touching her. that said, you can see why president trump would want her around. >> real quick, sources say trump has not called hicks to talk about a possible chief of staff. >> so, you know, i think it's been widely reported that the top two picks right now are nick ayers, who is on pence's team, vice president pences team and nick mulvaney. >> caitlin, sorry, we have to wrap. we are running out of time. i got your two picks, thank you for that. great to have you here today. >> thank you. arning from him

seated not far from our friend jonathan lemire. hallie, what was the reaction like when you were getting these answers in realtime? all i can do is ask the russians. i don't see any reason why it would have been the russians. >> right. why it would be. frantic typing and note taking, as you might imagine as every reporter was sort of furiously reporting and immediately analyzing what president trump had said. kudos to jonathan lemire for asking sharp and pointed questions today of vladimir putin. the follow-up questions didn't necessarily sit very well, but the russian media handlers here. he says now the russians get a third question because of the follow-up questions from the u.s. press, brian, but the reaction in the room, you know, i've covered this president when he was a candidate and since the moment he was sworn in. i report is sehaven't seen a pr conference like this one. president trump, the president, seeming to engage in very clearly as you talked about in that quote just there, both sides-ism in a way saying my directo

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jonathan?re is nothing that ticks people off inside the white house when you put up politico articles and talk about them on tv. do you think it's legit that there is an expiration date for john kelly? >> people have been predicting his demise as chief of staff pretty much since he took the job. and while it may feel like the longest ten years of his life this last year, you know, i think it's hard to know until the president pulls the trigger on something like that, and who would know about that until -- i mean, i don't know. again, i think we are quick to watch that and it's important to watch what's going on in terms. process. and also the extent to which john kelly gets fed up with the president. >> so the -- >> and decides to leave. but we've been hearing this for months and months and months. and it has not been true. >> we always say that the -- at least on this show, that the process and the personnel are important as to relates to policy, right? and this is an example of that. gabe she

jonathan head, bbc news,he nort thailand. for the latest on the rescue and the health of the boys and their coach, i spoke earlier what is the condition of the boys tonight after the ordeal? jonathan: if you look at the haweather now, you can see the operation is just in time with this much rain. theris a high risk the caves will flood again. they are getting rest now. by all accounts the condition -- we have not heard any suggestion that there's anything seriously wrong with any of the boys. we don't ow the details of the five including the coach who just came out. but the eight who ca out the past two days, couple of them have a slight lung infection. otherwise they are eating well. they are eating only light, soft food at the moment. they have been infections they might have picked up in the cave. of course, their systems are weakened by the lack of food and the long time in darkness and cold. these are very, very precious live the thai authorities are taking no chances. they are strictly quarantined. even their parents ha

let me let you weigh in on that. >> jonathan is spot on. we have the president who also is at a place, he's about to appoint his second supreme court justice in his first term. that's something that few presidents get to do. he's about to go to nato and represent the united states there. there are a lot of things for him to be talking about, but you can see he is at his most comfortable place at these rallies doing what he thinks that crowd wants, which is attacks on elizabeth warren which includes not only a joke about the me too movement, but also his favorite racial slur to hurl at her, and just a lot of jenning up the crowd. it seems when he's in these rooms with these core supporters, they bring out the worst in each other. he resorts to that sort of talk and they shout lock her up. and that's what he likes to do. that's what he's going to focus on and we're going to see a whole lot more of that leading to the mid terms and certainly 2020. >> peter, let me quickly pass along something i heard from a trump ally this morning. he said for

jonathan, one at a time. i agree tariffs may not be the right way to go but you have to do something to stop them from stealing our property. what if not tariffs? >> david, you remember this from the early 1990s, when the dvd privacy was made a big deal. i believe at that point probably under democrat president. it was treated as issue of property rights. those in possession of stolen property were prosecuted as such. david: so we prosecute them. i wonder where. >> that is question of property rights. david: jonathan and i don't like tariffs. i think they're a tax on the consumer. >> no one does. david: i don't like taxes. i do think something has to be done. is there anything other than tariffs that you could do to hit back the chinese? todd? >> i'm sorry. i mean, i don't think there is any way to do it. i don't think this is tax on americans. i think it will work itself out to bring in true free markets. we can't prosecute them. we can't go against them. really what happens the only way to attack them is fi