kathleen: we did. lemonis: i was gonna take a trip to greece this summer, and i'm looking for tater tots... cheese sticks, cheddar balls, mushrooms. -hummus isn't greek. -andreas: lebanese. lemonis: what do you actually make yourself? mike: we have the traditional gyro. we have steak. we have fresh chicken. and then we have souvlaki, which is a pork. and you can either have a sandwich, a salad, or a platter. lemonis: do you know how to hand-roll grape leaves? mike: absolutely, we do. kathleen: yeah, but we buy them frozen. mike: we don't have the square footage for it. kathleen: yeah, you can't -- did you see our kitchen? mike: here, we'll show you the kitchen. you'll get a better understanding. kathleen: this is our kitchen. lemonis: what kitchen? mike: it's a broom closet with a refrigerator. lemonis: you guys said you were taking me into the kitchen. -mike: we were being facetious. -lemonis: oh. [ laughter ] a lot of frozen stuff. this food barely qualifies as greek. and worse off, most of it's not

-kathleen: he doesn't? -lemonis: no. -kathleen: okay.ct that you haven't come, from two perspectives. one is, i'm annoyed that you haven't come. but i also feel bad that his mom hasn't come see him. kathleen: right. lemonis: a mother telling her son that she's proud of him goes a long way. -kathleen: i should go do that. -lemonis: let's go back inside. kathleen: thank you. ♪ lemonis: so, i wanted to talk to you guys about the yogurt bar and why i like it and the concept. as we kind of looked at the economics and the cost to build out, we weren't getting enough hours in the day of business. and so this yogurt concept really came out of, we already have the rent, we already have the labor. we already have the lights. we already have the management. we already have everything. what else could we add to the ticket, add to the line-up that would allow people to spend a little bit more or get to them to come earlier or later? the idea came to me based on the recent phenomenon of greek yogurt -- to introduce yogurt onto the same line with the s

kathleen: and... lemonis: ingredients. kathleen: ...is 12 cents.emonis: so at $1.29, it's still sitting in chicago. max: yeah. lemonis: where's the next place it goes? max: dallas. lemonis: okay. what does it cost to get it to dallas? max: 50 cents a bottle. lemonis: max may not realize it, but this little pit stop in dallas for the product is costing the company a heck of a lot of business. murchison products are made in chicago, then transported to dallas and then shipped out from there. to get 'em to dallas adds another 50 cents of cost to each individual unit. but keep in mind, murchison-hume, like any wholesaler, sells to retailers at twice its cost, meaning that the 50 cents turns into $1 by the time it gets to the retailer. then the retailer adds its markup. and that dollar becomes $2. and now an extra $2 has been tacked on to the retail price just because of dallas. and what do customers do when they see that inflated price? well, you take a guess. they walk away. walk me through this. max: so, we used to have a text-heavy label. i wanted t

and also former governors, both kathleen sebelius, with us today and tommy thompson. the mission is to promote improvements in policy and practice by providing leadership and counsel and then specific road maps when possible on the most critical issues that we face. as you've seen, we have an extraordinary lineup, 23 outstanding senior thought leaders from different sectors including health and business and media and technology. just as in the aspen strategy group and foreign policy, we recognize how important it is to have critical people not just from one particular aspect of this multifacetted area but from all aspects. the focus of the inaugural launch year of this group was end of life care. it's an incredibly difficult and complex issue, of course, as all you know in this room, not just medically but socially and ethically and politically economically. the report you are going to hear about today reflects what we think is some of the best thinking of some of the most smartest and sensitive people on this enormously difficult issue. you'll hear more about these e

kathleen: it is going to happen, the question is the details.he cap's, how many bonds are we going to stop buying back to keep the balance sheet at $4.5 billion. brainard says it depends on the economy. she is still expecting the economy is going to grow in this direction. before too long, she said, depends on the economy involving as expected. no preset level for how long this goes. doesn't get to two point true trillion dollars or -- doesn't get to $2.2 trillion? let's take a look at the balance sheet. far left, $.5 billion. where are we now? in the treasuries, nearly $1.8 billion of mortgage backed securities. right now, people are trying to get the fed to tell them, where are you going to set the caps? 5 billion a month, 12 billion, one billion? people are concerned about wanting the fed to be gradual and not upsetting the bond market, looking at something really small, see how it goes. will they start in september? the fed has not given us any definite indication of when, but they do think they are. that is the bottom line, and i guess that

kathleen: we want to talk about china, one belt, one road. i am kathleen hays here in tokyo.berg. ♪ ♪ welcome back, this is bloomberg television live in tokyo this week with jacob frenkel, that chair of j.p. morgan chase international. he is on a board of trustees of about 30, and former head of the central bank of israel. we want to get to china. you travel here frequently. your firm does business here. belt, one road, the summit coming up in the next few days, we have focusing on it. let's start by putting china in context. many say china wants to increase its power. in the chinese economy context for us. it is different than it even five years ago. is the greatest change that has happened over the past 20 years. in 1990, china produced 4% of the world's gdp. today, they produce 20%. it has become the major player. in the trade area, there is no country in the world for which china is not either the largest or second-largest trading partner. china is deeply integrated in the trading area. states, the year 2000, only 5% of u.s. exports went to china. today, close to a quarte

i want to thank kathleen hays, joining us from new york.ietnam potpie minister will be the first southeast asian leader to meet president trump. himear exclusively from ahead of his trip. this is the word. 7:30 a.m. tuesday in hong kong. a gloomy picture, but plenty of people out for the dragon boat festival. i want to wish our dragon boat uck this morning. betty: good dragon boat race. it is 7:30 p.m. monday, here in new york. a little bit of a cloudy memorial day holiday. i am betty liu in new york. yvonne: i am yvonne man in hong kong and you are watching daybreak asia. breaking news now. latest job makers out of japan, crossing the bloombergs or yet another tighter labor market in japan. so as expected, in line with expectations. the number for the month of april comes in at 2.8 percent. up the third month at 2.8%, the lowest since 1994. what is interesting, if you look at the job to applicant ratio, that has come in at 1.48. estimates were for 1.46. we see an increase in the job applicant in japan. we do not know of course whether it i

david: kathleen sebelius, thank you. from thead, highlights u.s.asury secretary steve mnuchin's testimony today. what he said and what we learned about tax reform and the budget. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: the trump economy." i'm david gura. testimony from steve mnuchin today on the budget and tax reform. he reiterated the goal of 3% gdp growth. here with the latest is our congressional reporter joining us at the capital. give me a sense of how much growth was discussed? the belief in the white house that getting to 3% growth is attainable and fairly soon. >> it was a central part of the discussion today and steve mnuchin said it was the main goal of the trump administration to grow the economy, that is why they are doing tax reform and rolling back regulation. they want to get the economy growing again. the chairman of the senate finance committee today pointed out that president obama in his budget also had a pretty high estimate for economic growth and he said that 3% growth in this budget is lower than what obama

kathleen is back.prediction aboutjobs pushing a terrifying prediction about jobs and it pushing a terrifying prediction aboutjobs and it is all about robots? two-thirds of jobs maybe lost to ought owemation. we think it might be bad in the uk, in the us trump ran on that. the trouble is the robots, it is not like for like. there is not anotherjob being replaced for the people displaced by the robots. the worrying thing of what that causes, mass unemployment, can lead to things like the arab spring. it does depend on how far does technology go? will it continue to expand at the pace it has? if it does, will any of us have a job left? that's creating higher skilled jobs. it is getting rid ofjobs, but this is focussed on developed economies where thejobs this is focussed on developed economies where the jobs are releva nt economies where the jobs are relevant and needed ? economies where the jobs are relevant and needed? where there is large populations that don't have the skills that need to be gainfully

kathleen: thank you so much for joining us.of the central bank of iceland, a big policy meeting next week. i'm going to send it back to you now, manus. manus: thank you very much. you weren't easy in any stretch of the imagination. no governor saying there was immediate decision on the new monetary regime and he can hit his inflation goal with lower rates than before. great job. and remember, if you are a bloomberg customer, hop on to your terminal and you have tv . you can get all of the streaming through the show or the charts. onrything that we show you the bottom of your screen and you can ask using the ib function to have a chat with the producers. sarah is in the hot seat. matt? matt: yeah, earlier we were talking with yogi about the fears on china's economy really hitting commodity prices. the price of underlying commodities. we are going to talk for investors through the outlook of the commodities miners, precious metals and miners. coming up next, this is bloomberg. ♪ ♪ matt: welcome back to the european market ope

kathleen hays, thank you.ext, highland capital trey parker joins us to discuss when we will feel the effects of higher rates. betty: and, developments in the end, opec preparing. we will hear from the energy mr. -- minister. this is bloomberg. ♪ ♪ betty: we are heading to asia's first major market open this morning. look at japanese futures, pointing to a lower open, surprising after the record run we saw today in the u.s. markets. down 0.10%. i am betty liu in new york area yvonne: i am yvonne man in hong kong. let's look at business headlines. to settling anear fed inquiry into how billions of dollars was moved from the bank out of russia. a deal may be announced soon. million follow the $630 deutsche has are repaid to the u.k. and new york state to resolve money laundering accusations. it centers around how clients moved $10 billion out of russia from 2011 to 2015. betty: a company seeing growth in personal computers and printers for the first time in more than half a decade. revenue rose almost 7% through

kathleen, thank you. president's first budget proposal has been dismissed by critics on both sides of the $3.6 trillion in spending cuts. some of the biggest losers would be social programs and working-class voters. justin sink has fired this report from washington. >> the budget has gotten a mixed response on capitol hill. republicans give him more leeway. you saw house speaker paul ryan say today that even know the budget itself is most likely dead on arrival, there are elements he is impressed with. for instance, republicans are focusing on the fact that the president, over 10 years, says he wants to balance the budget, something president obama never did and something they want to drive towards. also military and defense spending, something republicans are going to seize on and try to incorporate into their version of the budget. democrats are more skeptical, and so are many moderate republicans. in all likelihood, i think this bill doesn't have much of a life on capitol hill. what contributes to that

betty: kathleen, thank you.e to watch reaction to these gdp numbers of 2.2% ♪ faced apacific markets volatile day after the upheaval in washington and wall street. s&p and dow saw the worst session in eight months. >> kremlin says no secrets were handed over to the white house. a special prosecutor to lead the investigation. >> the drama building in washington may have far-reaching implications. some say it could throw the fed off its rate hike course. >> top marks for tencent. blockbuster titles are driving one billion plus users to defy the slowdown. >> this is the second hour of "daybreak asia." coming to you from bloomberg headquarters in hong kong, just after 8:00 a.m. >> just after 8:00 p.m. in new york. what a day in the market. what a morning it has been with news pouring out. we will see how the markets react the u.s., trying to calm news about this russian probe. leak of a memo yesterday is giving doubts to how independent the fbi -- about trump trying to influence the fbi. with robert mueller as a spe

kathleen, do you agree with that?you know what, i think that in the last 100 days, what you've seen is a revival of the democratic party, and civic activism. i think that's been very exciting. there is going to be a real -- what? >> the resistance. >> well, you can call it the resistance. i think it is also a building up and a real determination that americans have health care. so and have their rights protected. and the disabilities are protected. nobody is taking this lying down. and i think that that understanding of what is important in this country, whether it is health care, whether it is protecting the environment, whether it is making sure that we have excellent education, nobody is saying let this happen. we're saying we're fighting, we're paying attention, we're participating, and we're making sure that we know what is going on and we're going to make sure we're going to keep our rights. >> governor, i'll see you tomorrow night, we have another occasion tomorrow night coming up quickly. >> yes, we do. the wo

i'm kathleen hays and we will be coming back here.omberg and weion here in japan are taking a look at risks in the asian region. ministry of finance and this question of japan and inflation. rising, but the core number is points 2%. -- is 0.2%. it is going to be so long to get to 2%. it is going to be meaningless. rate at theegative short end and it is time to move on to something else. boj'ss is not the responsibility and what they can hope that qe is environment will make inflation the interest rates in europe. one do you think you will hit 2% inflation? there will be oil picking up. >> we are making sure the assumptions are stimulated. andou are on a panel moderating about an hour from now. a financial crisis in the making? getting in china, the asiawill be reviewed and is prepared. say the foreign reserves were piled up and the financial markets were strengthened and they did not have a problem during the global crisis. now, i think the biggest risk is corporate debt and sovereign debt. they had state owned banks and they have to

now back to congresswoman kathleen rice.ou think republican kes stand any further no votes on health care? >> no, they can't. they are coming right up against -- they can't afoertd to lose more than 22 votes. >> coudo you believe they will e more and this will be derailed for the time being? >> there's no question. i speak to a lot of my moderate republican friend and they just can't support this bill, especially when they know when it gets to senate it is not going to pass there. so they are asked to walk the plank on a bill they know is not going to survive once it is sent over to senate. and you know, when president trump says i'm mandating that preexisting condition be covered, it really begs the question, has he read the bill? because if you read built, it is very clear that insurance companies will have the ability to charge people with preexisting conditions more money. and that's very clear. that's why i think a lot of moderate republicans are not supporting it. >> let's get through other issues. the white house pres

[applause] sturgeon: kathleen.athleen: theresa may has said [cheers and applause] -- of sturgeon: i don't think if that was for me -- >> theresa may has said for the independence referendum before ruth davidson has said she does not want independence referendum for 35 years. [laughter] >> if theresa may is returned to downing street, what can you do to make sure that the referendum before brexit -- ms. sturgeon: i often think there is not much difference between what i am saying and what theresa may is saying and not regard. people should not have to choose, that would be wrong. but at the end of the process when we can judge and compare what the independent would mean, people could make an informed choice. we have to accept brexit no matter how much damage it could be. about the dangers of brexit, she is spelling out the dangers to the economy and our public services. i do not believe we should have to accept come what may. our future should not be decided for us, not now. when the time is right, there is opportun

there's kathleen.an become part of the conversation and is an instant message during our shows. this is for bloomberg subscribers only. be sure to check us out at tv . this is bloomberg. ♪ we are counting you down to asia's first major market open this morning. japan's futures slightly higher, but continuing to watch the moves out of dollar-yen. continuing to strengthen us during the asian session. 110.95, just broke below the 111 wait for more developments coming out of greater manchester and brazil. s&p putting its long-term w rating on negative loss -- long-term ee rating on negative loss. betty: a lot to make investors nervous right now. let us get a quick check of latest business flash headlines at this hour. apple's remarkable success story passing a major milestone with rvt saying it could surpass a market cap of $1 trillion. the banks as apple has the potential to generate earnings per share of $12. that would take it past the magic trillion. data compiled by bloomberg had 389 buys, eight h

kathleen: it is clear what donald trump is saying.out with these tweets were donald trump feels like he is a victim. at the tweet that was read and heard around the world. this is the single greatest which end of a politician in american history. with all the illegal acts that took place in the clinton campaign and obama administration, there was never a special counsel appointed. later he had lunch with nbc anchors and said a special counsel hurts the country terribly. like as the u.s. look mixed up, divided nation. later at a press conference where he spoke with the president of columbia, he seemed to accept the special counsel and continued to say the russia charges are baseless. here is what he said. mr. trump: believe me, there is no collusion. russia is fine. whether it is rush-hour anybody irony, believe me, is the united states of america. kathleen: there was widespread agreement that robert mueller, who has in appointed as a special counsel, gives this probe credibility. republicans and democrats in a joint statement praised

[applause] >> thank you, kathleen. it is an honor to be here speaking with you at the 68th lecture in the shakespeare birthday series. i will stay on the humanity side because i like it there. i learned a lot in the last 18 months which included across the states, territories, commissioned theatrical and music work. we were busy in 2016 and 2016 lasted a long time. 750,000 people encountered our work face to face. three million people encountered us online. looking back on all of this, i can say shakespeare is more poplar than ever and that the culture shakespeare library which is the largest collection of its kind is committed to being the ultimate resource for shakespeare in the early modern world. we were put here to share the collection and something we intend to do with greater energy and on a greater scale in the years to come. tonight, i want to reflect a little bit on the ways in which shakespeare's writing, particularly the plays, have served as a source of wisdom and inspiration for readers and playgoers sinc

i'll be joined by the person who implemented obamacare, former hhs secretary kathleen sebelius. you're not taking these. hey, hey, hey! you're not taking those. whoa, whoa! you're not taking that. come with me. you're not taking that. you're not taking that. you're not taking that. mom, i'm taking the subaru. don't be late. even when we're not there to keep them safe, our subaru outback will be. (vo) love. it's what makes a subaru, a subaru. that's how i feel about blue-emu pain relief spray. odorless and fast-acting. it soothes all my muscle aches and pains. and it's convenient for those hard to reach places. and if you're like me, you'll love blue-emu super strength cream. it's made with real emu oil, it's non greasy, it's a deep penetrating formula that works itself down intyour joints. take it from me. it works fast and you won't stink. blue-emu, it works for me it'll work for you. [ sighs ] hey, i was using that. what, you think we own stock in the electric company? i will turn this car around right now! there's nobody back there. i was becoming my father. [ clears throat ]

kathleen hays is in tokyo.ows that better than the japanese. , he hasgovernor kuroda been boosting inflation for years, looking for the reflation , but he is confident he got it right. does he have it right for your kathleen: he is moving in the right direction. the development bank continued over the weekend. sundayome saturday and trying to power monetary policy. policy bank meeting on saturday. there is the favorite of the next head of the philippines. a greatmmenters and panel. governor kuroda basically said, i thought it was interesting, when he was describing lessons from the bank of japan and if they apply to the rest of asia. it is hard to say, but he is doing his best effort to boost inflation to that 2% target. he is acknowledging how tough the battle is. and again, both sides of the story, jumping and bloomberg to look at #7942, you see the progress and how far he has left to go. you can see the headline inflation in the 0.2. 0.2, andhe crude at taking out energy, that is back to negative territory.

kathleen: i am glad you mentioned the politics in washington.f the reasons we are seeing the turnaround of the bond market is one big perspective. it has been trump turmoil, rethinking what can be done on the fiscal side. we get this budget announcement for big cut in spending to pay for big cuts in taxes. will this make it through congress? the bond market and said will wait to see on that very important story. but for now, what has happened is hedge funds and speculators, according to the net longs and shorts in 10 year treasury futures, have had a big change. look at #8672. terrific chart. see that big chunk of downward red? that points to the biggest net short position in 10 year treasury futures on record. that is how bearish the bond market got with all the talk of trump succeeding with the reflation trade and the fed hiking rates. look at the green at the upper right-hand side. now, the net longs are at a 10 year high, the longest since -- 2007.ghest since there are inflation expectations if you look at breakevens. it is a market measure.

kathleen picked up lyme while gardening. >> i never saw a tick on myself, i never did. >> reporter: louist twice. first he got it from a tick on his dog, second while camping. the disease has slowed him down so much that high school has four. in california, there are thousands of stories just like his. in loss at owes wayne freedman, "abc 7 news." >>> new tonight, facebook appears to be back up and running again after a major outage you may have noticed tonight. about 6:45 people trying to log in saw this saying something went wrong. down detector.com found service out in the u.s. and parts of asia and australia. facebook fixed the outage and apologized for it but never said what caused it exactly. >>> you have another option for shopping on line. target announced it is testing a new home delivery service called target restock. customers can choose from 8,000 items and get delivery next day for a flat fee. they're trying to better compete with wal-mart and online leader amazon. >> tonight jimmy kimmel returns to "late night" one week after announcing his newborn son had emergency heart su

that is kathleen hays joining us live out of tokyo. be have for this edition of "bloomberg markets: middle east." the markets are open across asia in the green. we do have the top stories next. this is bloomberg. ♪ yousef: let's get you through some of the key stories. pelicans and democrats have reached a deal that will prevent the u.s. government grinding to a halt. $1.1 trillion spending bill funds most federal bodies but rejects most of the wish list including money to build a wall on the u.s.-mexican border. it should keep the government open until september. may saying britain should be allowed to negotiate with the european union. the same time discussing its departure. europ

kathleen?rkets are heading, the global trade system and economy, and so much more. the formerto welcome vice minister of international affairs at the ministry of finance in japan, where he spent 35 years of his long career. he is now president of the institute for international monetary affairs. welcome. i want to start with the question of divergence, because this is an overarching theme for the global markets, including currency. you have got the fed raising rates, boj not doing anything, ecb may be tapering. if the fed goes on this path, you would think the yen would weaken, but so far it has hung in there. why? is the higher interest rate brings the currency, but i think the market is diversified. i think the position to raise interest is one element. the other concern is what remains in the market. the people have some kind of anxiety with their future that trade issues, especially that mr. trump is raising many. i think it could have some kind of shadows to the market. that is the reason

. >> former washington news anchor turned politician kathleen matthews is new head of democratic party in fact voted in over the weekend. >> she's been acting chair since march and she's here to talk about this tonight. did you ever expect this would be a position wow be at a news desk addressing yourself chair woman of of the democratic committee. >> i spend 25 years at news anchor at one of the other station as i came to washington originally because of pol politics. i was motivated as a student coming out of vietnam war and all the issues at that time and equal rights for women, roe v. wade. motivated by politics to number washington. but i also see the real value of news media as forth estate. to have a chance now to be involved at the political end is really i think a dream come true for me. it all most takes me full circle why i came to washington in 1975. >> let me ask you, are you over the democrats in a blue state with popular republican government nor i have to imagine one of your top priorities is getting a democrat back in the gov governor's office. what's the plan to do th

joining us to talk about his life is kathleen kennedy the former president's niece.nk you for joining us with you. what do you think is the, maybe greatest misconception legacy as people remember him on his what would have been his hundredth birthday >> well, i don't know dependancy who you talk to, i think one of the legacies of president kennedy is the idea that you can make a contribution to this country and that you can do things that are hard and difficult. and there's great joy in making that challenge. you know, he said we can go to the moon and that it is difficult and that's why you do it. and then he challenged young people to join the peace corporate. he said we could do the alliance for progress and let's reach out to latin america. i think what he did is, he saw, he read history, he knew history, he was a hero in world war ii. he suffered enormous pain most of his life. he didn't complain. and because he knew about pain, he could speak about how you can over something better. >>> lieutenant governor, you know, for many, in a generating, the kennedies wer

kathleen picked up lyme while gardening. >> i never saw a tick on myself, i never did. >> reporter: louisst he got it from a tick on his dog, second while camping. the disease has slowed him down so much that high school has four. in california, there are thousands of stories just like his. in loss at owes wayne freedman, "abc 7 news." >>> new tonight, facebook appears to be back up and running again after a major outage you may have noticed tonight. about 6:45 people trying to log in saw this message saying something went wrong. down detector.com found service out in the u.s. and parts of asia and australia. facebook fixed the outage and apologized for it but never said what caused it exactly. >>> you have another option for shopping on line. target announced it is testing a new home delivery service called target restock. customers can choose from 8,000 items and get delivery next day for a flat fee. they're trying to better compete with wal-mart and online leader amazon. >> tonight jimmy kimmel returns to "late night" one week after announcing his newborn son had emergency heart surger

[applause] >> thank you, kathleen. it is an honor to be here speaking with you as the 68th lecturer in the shakespeare birthday lecture series. i am tonight am going to stay on the humanities side of the divide because i like it there. i have learned a lot in the last 18 months t was 18 months of the wonder of will which included a first folio tour across 50 states, two territories exhibition work that went around the country, education work with teachers and digital exhibitions, commissioned theatrical work, commissioned musical work. we were busy in 2016 and 2016 lasted a long time. 750,000 people encountered our, biggs work face-to-face. this year 3 million people encountered us on line -- exhibition. looking back on all of this i could say shakespeare is more popular than ever and that the folger shakespeare library which is the largest collection of its kind is committed to being the ultimate resource for shakespeare in his early modern world. we're put here to share this collection and the story of this remarkabl

yvonne: kathleen hays, thank you.guard, has opened a new unit in china. foreigno the list of money managers hoping to tap the market. tom mackenzie spoke to the vanguard ceo and shanghai. >> we think scale is important. if you look at vanguard u.s. and you look at the decline in our expense ratio, that is a window into the economies of scale. other people are looking at it, saying the only way to compete is to be significantly large. it is the only way you can both invest in the service side and keep your prices competitive. we have seen something of a rotation into european stocks. some of the political risk possibly being taken out. do you expect a near-term pullback? >> this is a question a lot of our analysts are looking at. i would expect you would continue to see some interest in europe. the only broad sector of the market that seems cheap is the emerging markets side. everybody is trying to figure 12, 18, 24 next months. kind of theup being favorite place. tom: only u.s.. you have the fed tussling this dilemma

i'll talk to democratic congresswoman kathleen rice and our correspondents, specialists and guests, they are standing by with full coverage of the day's top stories. with talk of threats, secret recordings and loyalty tests, let's get another busy day over at white house and we begin with our white house correspondent sara mur me. sum it all up for our viewers. >> reporter: this has been a week of surprises and controversies from this white house and today was certainly no different as the president fired off a thinly veiled threat against his former fbi director and administration officials including the president himself refused to say whether he's taking secret recordings of people over in the white house. prufrm firing off an apparent threat to the ousted fbi director, trump tweeting james comey better hope that there are no tapes of our conversations before he starts leaking to the press. trump's warning coming as the president is facing scrutiny for his private conversations with comey before he was fired. today the president is refusing to explain what tapes he was referring to. a

kathleen hays here with a look at this. what happened here? they just came up short, at least against the forecast. the bloomberg consensus survey number was for a gain of 2.1% in march, a month on month gain, and it came in at 1.1% -- 1.4%. let's see how it looks. the white lined is the core machine orders, from shipping companies and utilities. it did rise, but it should have risen more to help offset the drop of more than 3% in january. the blue line is pretty flat with a bit of a downward tilt year-over-year. core machine orders are getting weaker. i had a conversation with the currency strategist at bb h investor services. here is how he described the report. he said, orders not good but not so bad. the pluses here -- global growth, fiscal steps from the abe administration helping boost orders, but overall, remaining subdued -- but overall capex remaining subdued. i have to share a story over the wires from tokyo. she is pointing out that japan is set for its longest string of economic growth in a decade. let's jump back into the bloomber

democratic congresswoman kathleen rice of new york is standing by.he is a member of the homeland security committee, also a former federal prosecutor. ♪ >>> "the situation room with wolf blitzer" is brought to you by -- guy? i hired some help. he really knows his wine. this is the new guy? hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice doggy. what do you think? not bad. i needed something more to help control my type 2 diabetes. my a1c wasn't were it needed to be. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's suppose to do, release its own insulin. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medici

let's go to our editor, kathleen hays. there's a lot to talk about. what is the focus?'s start on what you just mentioned. he is a special guest. axel weber is the chairman of ubs groups. he's going on his six year as the head of ubs. he gave interesting remarks yesterday. this is an exclusive interview and we are glad you can take the time. you are still concerned about the rise of nationalism, about anti-trade and anti-globalization in europe. >> absolutely. rather a long-term trend than short-term output. if you look at the french election in 1992, the front national made it to the final, they had roughly 3 million supporters. now it is 11 million. there is a rise in these forces. the bigger concern for me is not really the immediate future.i think the immediate future will see a relief rally for the euro. we will also see stronger data out of europe. there's no problem for the rest of this year, but moving into the italian election next year, there is a very strong anti-european sentiment. there's more problems ahead. the british exit is a countdown that is happenin

kathleen hays joins us now from yokohama. let's kick things off with risks to the outlook.e is no press conference, but they may be able to do that. basically they have that tersely worded policy statement. reasonsone of the main why no great changes expected right now. there is no press conference, and there is some data that may throw some question over the fed's plan for two more rate hikes this year. let's jump into the bloomberg and see why they think this is the right have to be on, #3476, feds dualart, the mandate, unemployment at 4.5%, at inflation rate, core pce 1.6% come the headline at 1.8%, so close to the target. get moreion is if you granular about the data, we saw a deceleration last month in inflation, 1.6% and one point 8% are down and moving away from the 2% target. .et's take a look at a list first quarter gdp was only 0.7 percent, but scene being stronger and the second quarter, maybe 3% or 4% on some current forecast. spending only 0.3 percent, week auto sales, but it is seen as transitory, and in fact again, the pickup in the second quarter. the inflat

kathleen hays looking at the feds next possible moves., morgan stanley saying 2017 will be the best year for china export growth and 2012. we will look at the thinking behind that and put the question to them live at the china summit live in beijing. ♪ rishaad: i am rishaad salamat in hong kong. this is "bloomberg markets: asia." i am haidi lun in sydney. morgan stanley is holding its third annual china summit in beijing. tom mackenzie is standing by for us. what have you got? we have 300 companies here in beijing as part of the morgan stanley annual summit come around hundred 900 investors working out the opportunities and challenges in the market. i'm joined by the chief asian economist for morgan stanley. ,e just have the pmi data out 51.2, which was in line with the previous month and above estimates, and in line with your view, which is one of a broadly positive chinese economy. >> absolutely. what is happening is that people are underestimating the role of external demand and stabilizing growth in china. china is tightening, you are

kathleen. >> thank you. wereesto covers in 2015 essentially single pictures of you. you are nowhere to be seen on this manifesto cover on the outside. do you accept that you personally -- i know you are page two, but you are not the outside. [laughter] do you accept you have personally become a more person on the doorstep of reporters? ms. sturgeon: i might like you for that one. -- ihis is a great example don't mean that disrespectfully to tom. it is a great example of how kind ofticians, you are dammed if you do and dammed if you don't. it was slightly uncomfortable. they all said it was a cult of personality. -- itear, the reason would be much cuter than me. come on. [applause] but in case you haven't noticed, i'm not going to say lovely, because i don't think any teachers are particularly lovely. but there is one of scotland lockhart that i think is particularly lovely. kathleen. said -- a may has [cheering and applause] i'm not sure if that was the opinion of me -- said no tomay has your a

. >> kathleen?g about his concerns of accuracy, you know, the briefings are public. you can tune in and watch them yourself. the public can. and you can follow the conversation, you can follow the questions and the answers. but the problem isn't -- with accuracy is that his staff people, his surrogates are unable to give an answer that will hold for more than a couple of hours because he keeps changing the message. i don't know how much -- i don't know how he can claim as you say that he's great at controlling the message and directing the message. that may work in the rally scenario, but working with the media who are actually, i don't think, badgering so much as they're trying to get a straight answer that in fact answers the question they pose. so often they sort of -- they deflect or say something that is just basically an end to the conversation rather than a response that the media can actually use. i'm not saying the media are perfect certainly, and they are certainly aggressive. but that's k

. >> i'm kathleen.re in new york. >> i met kathleen while she was still journalist we started lexington new york city is our headquarters and we have offices in five other cities around the country right now. but we are not done. >> we worked our tails off to get to where we are today. >> no phones. what happens when the patients call. >> you are not on call. >> i'm always on call. >> watch out kathleen! >> that was a little personal. >> not many couples can work together. >> i don't want any of this bleep. >> it's not always lovie dove 53. >> are you going to host it or am i going to host it? >> move over keeping up with the kardashians because there is a new family dynasty on network tv. their show called we are the jonjoneses it's in you docu sory reece that follows african-american family the joneses husband and plastic surgeon dr. michael jones and his wife journalist kathleen trick jones. foret trying to keep up witness joneses because this morning the joneses join us live in the loft to dish all

. >> kathleen stanley, one of three women battalion chiefs in the fire department says the culture of discrimination, sexual harassment, and bullying is on the way out. >> yes, there are some pockets of the old school around, but you have a very small pocket of individuals who don't buy into that. >> she compares it to cancer. >> a cancer needs treatment. i believe fairfax is starting to initiate the treatment to break that. >> last year after paramedics -- after a paramedic committed suicide after she was bullied online, it's discovered t affairs investigator had sexually offensive postings all over his facebook account. kathleen stanley brought it to the chief's attention and morgan was forced out. >> the women didn't know where to go with these complaints, so i was the conduit that brought that issue forward. >> last month the parent of a fire recruit wrote an angry letter about what a captain said that condoned bullying and boys will be boys type of behavior. >> i don't think was condoning that. i know him personally. so i definitely believe the message -- there was a communicatio

. >> there is kathleen, there is kathleen. >> pretty obvious. >> there is susan. there is mary ann and joanne. >> do they look alike at all? >> what? >> after a good long vacation in the caribbean. >> after they get a little color? >> little color. >> okay, so, kit kat kline, is she in the control room right now, megan? kit kat kline, let's punch her up, remind you who she is. she is married to a lovely guy named dan. >> dan. and she has a real cool brother, ran into him on walnut st. the other day. his name is aling. >> alec. if you married her brother, it would be alex and alex roomberg. >> very loving picture there. look at that. >> her brother loves her husband, and vice versa. >> so they're the same type. they don't look alike necessarily. >> they're like lovers. >> oh. that's so fun. >> i i mean -- >> it is a bromance. >> that is interesting. >> so they both kind of frat guys, like sports, with their hats back smashed. >> complete frat boys, look nothing alike, but in that picture they look like -- >> doesn't look like the same guy. >> personality wise? >> p

we're getting the same amount of funding as leprosy. >> reporter: kathleen picked up lyme while gardening later she still suffers chronic symptoms. >> i never saw a tick on myself. i never did. >> reporter: lewis has it twice. the disease has slowed him down so much that high school has taken five years instead of four. in california, there are thou thousands of stories just like his. abc 7 news. >>> 5:33 is our time. coming up, a special mother's day at t how fafrom its sourcelpine spring to the bottle?travel ♪ how about less than a mile and a half? crystal geyser is the only major us spring water bottled at the mountain source. shake up your routine with a completely new way to clean. new colgate total advanced health mouthwash. shake to activate a powerful cleaning action that removes twenty four times more bacteria. improve the health of your mouth with new colgate total advanced health mouthwash. shake to clean. ♪ ♪ the best way to get together is with a treat you make together. ♪ how fafrom its sourcelpine spring to the bottle?travel ♪ how about less than a mile and a half? crystal

kathleen: you were talking about this earlier, that there is a possibility brexit is more than a risk the u.k. it is a risk to all of europe , potentially, that could hurt the economy and spill over into the global economy. what is the chance of that? how will that happen? >> like every event. markets are not good at pricing binary events. a binary event could be a hard brexit. from what you hear from the british government, they want to have influence over immigration, so they are not part of the common market. and they want to have trade agreements with the rest of the world. that is part of the customs union. that is the definition of a hard brexit. there is little on the continental european side that will be coming forward to accommodate that british exit. it is self-chosen. so i think there will be a pretty hard exit at the end. that will have very negative repercussions on europe, both the continent and the u.k. , and it will spill over continuously in the next two years into market volatility. every speech the prime minister gives, every election outcome, will be priced by the

hi, kathleen. good morning. yes, i'm joined by the woman who oft engineered the merger india's largest state bank, the state bank of india with five associate banks, creating the 50th largest bank in the world. half a billion customers. here, theo be joined first chair ever who has pulled off such a feat. congratulations. where do you go next? are you contemplating anymore mergers this year? >> i don't think so. we need that much time to digest all that we have the first. it takes a little time to get everything in place. we are not looking at anymore mergers right now. endingn: your chair is in october. you came as a banking clerk at the age of 22. you worked from the bottom to the top. byn a new chair is appointed the government, in the past this is meant that the new chair recognizes a lot of bad loans. surprises, quarterly earnings surprises that investors do not like. can you avoid this? >> i don't think there will be any surprises because currently the system is that the new person will also be one of the

in federal hill, kathleen kairns, abc7 news. michelle: that driver got lucky there. after the barrage of the complaints, baltimore road officials found the car's owner and had it moved. less than hour later the road crews finished up the job. jonathan: embarrassing there. significant traffic alert heading in the weekend. twice delayed work to snarl interstate 95 and northern virginia begins in less than four hours. 10:00 p.m. the crews will close a lane of i-95 south across the neabasco creek bridge. the southbound dale city rest area will be closed. express lanes will remain southbound all weekend long so that means you can expect the backups in both directions all day saturday and sunday. so you have been warned. michelle: well, the picture of dedication tonight. take a look the brave whitewater rafters in the middle of a colorado snowstorm. they are actually rafting guides. it turns out this is part of the spring training. they completed that trip in a storm that dumped six inches, yes, six inches of snow in hours. that looks like grueling work. >> they were think

welcome. >> good morning. >> kathleen, let me start with you.s a man whose namt we know but we don't know mump about him. tell us a little bit about him. >> he was a pioneer of cookery. he was a newspaper, magazines, cookbooks, during a time when not a lot of people were writing about food. hes with also the first have have a cooking show on television in 1946 paving the way for people like julia childs. he was a committed mentor, teacher, restaurant consultant, and above all, he championed american cuisine and ingredients during a time when the world was always looking to europe for culinary inspiration. >> it was fascinating to watch yesterday and see the impact he had on so many people. chef, for you, you look back to 1939. i know for him that had a big impact on him. the '30s or the '50s but how when i arrived many new york, he was still very much aliven and prominent in hids engagemen world, but the historical part of it, i mean, of course, you have seen transformation happening in america with food, and i think he was really the instigator