-kathleen: he doesn't? -lemonis: no. -kathleen: okay.ome, 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 same rent factor, the

kathleen: i am kathleen hays in new york.id they need to raise their game on brexit. there was a lack of clarity unless the government is open -- they say the negotiators must do better. >> there is some uncertainty around brexit. one thing i have been lobbying the government about is more certainty. one thing realistic is to conclude [indiscernible] i am pleased the government is listening. there will not be a cliff edge fall in march 2019. they should be reassured the government is listening. i think the government should say sooner rather than later. at least it during the transitional arrangement. in my view, even after we leave the e.u., we should be members of the single market. in the government recognizes what the single market is so important. they will have the certainty there is no need to make plan b. >> the negotiations seem to be stumbling. it is not a concern to you? >> i think the prime minister and cabinet have to raise their game. i have been saying for a while now they need to make sure they are negotiating

kathleen: i want to ask you about -- do forwardan guidance and some of the other things -- kathleen: do you think forward guidance is effective? james: it's controversial but some of the studies say it was pretty effective. it's hard to say. if we got back into that situation, all those debates would ignite again. we are not really going in that direction again, we are going the other way right now. this has been contingency planning for the future. kathleen: is it possible the fed funds rate doesn't move much more from here for a long time? we're kind of almost where -- james: if you continue at 2% growth rate economy and you inflationt sub-2% rate and inflation expectations remain as low as they are, based on market managers, i would not see the policy rate moving very much up of where we are today. kathleen: dollar down 8% this year. economies have improved overseas. ecb,ook at it, the fed, bank of japan are all having the same problem. inflation is not cooperating and they are trying very hard to boost it and not getting it there. that is a commonality. does the weak dollar makes

kathleen joining us fresh from jackson hole. kathleen: just got off the plane last night.t a whirlwind trip and privilege and interesting to have the opportunity to speak with governor kuroda. he has been there every year since he became the bank of japan president in 2013. this year he was not on the panel, he did not give a speech, but he agreed to sit down with bloomberg news and radio about what is going on. japan has had six straight quarters of positive gdp growth, 4% in the latest quarter. on top of the g7, the fastest-growing country. they had inflation is low, but it is steadily rising. i was thinking let's ask him what that means. can you start using or moving away from this? i was interested in what he had to say. when the governor spoke, he said no, japan needs to stay on this stimulative policy track. let's hear from him. inflationa: the u.s. rate is close to 2%. we might be far away from 2%, we are about 1%. situationnomic price in the u.s. is much, much better than the situation in japan so that they are now making balance sheet adjustment or so it is said.

kathleen: he has pretty much been pretty clear.ve given us the outline for how they will start this process, reducing the reinvestment of proceeds from the balance sheet, which will be a smaller balance sheet over a gradual period of time. jim bullard wants to start on the balance sheet. how do you square those two? you don't think the economy warrants rate hikes, and yet you are willing to start reducing a balance sheet, which reduces stimulus. that is another important issue that a lot of people are wondering about. gdp has rebounded. jobs are growing healthily. unemployment is at a 16 year low. we do not see it passing through to inflation. vonnie: it is one thing for sure, james bullard is one of the more interesting interviews on the fed right now. things to bloomberg's kathleen hays, who is at the st. louis fed right now. be sure to tune in for that interview starting at 1:00 p.m. eastern time, 6:00 p.m. london time on bloomberg television. mark: look forward to that. a battle of the charts. today, potential signs of a loomin

kathleen: that is what everybody wonders.rofile speeches in jackson hole, london, other places when he wanted to give some kind of policy signal. so will he be ready to give more details on tapering? inflation is below target, euro has surged. that is a reason for him to soft-pedal this and let everyone know the ecb will taper at some point but maybe he's ready to go there. -- not ready to go there. would he take this as an opportunity to express some concern over the strength of the euro? how it can hit european exports, growth and make it harder to boost inflation? good people wonder if the ecb would consider intervention if the euro continues to rise? i really pushing it here, we don't know. he may be cautious as many think he will be, but it is ours from now and we will know what he has to say. manus: we wish you well, get a little sleep. kathleen hays, with the very latest on jackson hole. tomorrow morning will look stunning. anna: we are joined on set in london to conducted -- continue the discussion. you are focused on

fork you, kathleen hunter bloomberg news.utures slipped and the mexican peso weakened. for more on his impact on the -- he washave speaking as we were coming into work. he was still in full flow over in phoenix and arizona. to take the politics into the realm of the assets, our guest joins us now. good to speak to you. let's talk about what we have heard overnight, threatening government shutdown over the wall and terminate nafta at some point, all of this ratcheting up that kind of rhetoric. we have at this before but we are hearing it again and that matters to trump. >> it certainly does. we were expecting this last year when he won the election and we had the reprieve from it this year. it is coming back to the forefront. it is a very credible threat. right now, trump is really playing his cards, he is focused on the art of the deal, he is clearly signaling the white house is going to have a very hard stance with regards to key issues they are concerned about and sewed it does matter, markets need to take account of all of

you would get three points, kathleen.ou get three points if she mentions potential to move, baubles -- what am i talking about? our story with jackson hole bingo. go get some sleep. thank you for staying up late in jackson hole. let's see what it does for markets. just a couple of lines coming through from samsung. matt, rosalind and myself are talking about what might happen next. go to top life go -- top live go. there is a lawyer for jay y. lee that may appeal the verdict. he has been handed down a sentence of five years. so request was for 12 years, less than 50% of what they thought was going to come through. his lawyer is going to appeal that. the stock is down, this is the performance on the day. 23.51, just over 1%. these are the moves you see on saint-saens. we were keen to get you this chart. 9444, matt miller will be happy we got that in as well. over 1%.tum of that is the latest on the jay y. lee verdict. we are live to seoul with more news. ♪ this is numbered. -- bloomberg. ♪ ♪ welcome back to bloomberg marke

kathleen, thank you so much. kathleen hays joining us.nagement ceo here. i'm curious to get your take here. what giving mark carney was alluding to, that brexit will be a lot more chaotic? it will be much more disorderly and that will have a bigger impact on the u.k. economy then perhaps the original forecast. >> i totally agree with everything mark said. i think the issue is not inflection and i agree with him it is caused by the exchange rate. , interest rates will not go up until we see the conclusion of the brexit negotiations. everything is too uncertain and to stickt unwilling with the other five who voted with him to put interest rates up now. why put them up when there is so much uncertainty? betty: mark carney was also talking about business sentiment. in the minutes we have with you, i want to talk about your business. you are about to undergo a big change with a merger with standard life. how are you feeling right now? >> i feel very excited. this gives us a great opportunity to compete with the big u.s. houses. we'll be the la

kathleen, welcome to the program.nother day and another piece of information to get our head around. is john kelly the right man for the job. >> it seems like he is off to a strong start. he seems to have the confidence of the president. the president talked very glowingly about him in public. that from a president who has been very willing to go out on his own and say his own thing, the fact he is showing public at least difference to kelly, and it looks like that extends behind-the-scenes, those are all good indications for those republicans that are looking for a more streamlined message from the white house. the real challenge will get underway as time goes by. this week we have the president on vacation. there were already some tweets that emerged on saturday on social media of the president crashing a wedding that happened at his bedminster golf club. that is not necessarily problematic in and of itself, but it just demonstrates the challenges potentially that are ahead for kelly as he tries to keep the white ho

he spoke to bloomberg's kathleen hays at jackson hole in wyoming.in europe, inflation rates are actually close to their target. close to 2%. in japan, the inflation rate is still 0.5%, far from our 2% target. betweensome difference u.s., europe, and japan. waves are not rising so fast. that is true. .ut prices are not rising there's some kind of .eflationary mindset strong among business leaders. to be cautious in raising prices. what companies are doing is, investing in laborsaving equipment and so forth, and they are changing the laborss model to reduce content. increase,me wage ,abor cost has not been rising so they are not required to raise the prices. >> but they are doing well. gdp growth of six quarters in a row. you are succeeding on growth. maybe something has changed. does inflation matter so much? japanese households like low inflation. >> two things. one, 4% growth is good, but i don't think 4% growth can be sustained. around 2% growth, we can obtain this fiscal year, and even in the next fiscal year, growth to 2% may be possible to obta

host: joining us live via skype kathleen r, colorado, sgamma, president of the western energy alliance, thank you for eing with us here on c-span's "washington journal." first, what is the alliance? guest: western energy alliance oil and natural gas producers across the west. environmentally responsible development, we do evelop on multiple-use, appropriately-designated lands. we do not operate on the 110 acres of wilderness or the 90 million acres of national wildlife refuges. we develop in a responsible lands that were appropriately designated through public land e -- management process in a responsible manner. comply with we laws, such as archaeological rotection act, the natural historic -- natural resource, act, many otection other laws that ensure our development on federal lands and and state lands is done in an environmentally manner.ble host: you met with interior the tary ryan zinke on decision that he will be forthcoming with the president on shrinking some of the monuments. what did you tell him? guest: i have not met with on the y zinke monuments, not discussed it with him

,. -- bring in kathleen hays. kathleen: bullard made it clear that inflation is too weak. here is what he said earlier today. "recent inflation data has called into question the idea that u.s. inflation is reliably returning to target. the current level will remain appropriate over the near-term." jim bullard went on to say that he sees little relationship between inflation and on employment, so even if unemployment falls and the economy is going along, he does not see that boosting inflation much. he does think it is time to look at the balance sheet. able toe going to be get going on this process. it is going to be very slow. i do not think there will be a lot of impact on markets, but i think it is the right thing to do and i would support getting going on this process. kathleen: he says it should start in september. the president of the minneapolis voter, basically agreed that inflation is still weak. it matters because it has to do with fed credibility. he said if it should boost inflation, it should do it. h

kathleen kennedy said of his hair seemed to suggest jack was better than joe at anything. she said that's nonsense i bet the world great statesman, the president of france, king and queen of denmark i can tell you someone that's been on the world stage to the president of the united states if that's what you want to do spitfire to that ambition and go all the way to the white house and she encouraged jack to confront his father and tell him what his aspirations were and we can actually almost precisely in january of 1942 with her encouragement he went to palm beach florida to the kennedy compound and had a very frank discussion with his father and said i would like a political career just like joe, don't think that he's the only one and from that moment, joe kennedy senior promoted both of his sons within a week of having a conversation. he called david, the president of nbc and said i want to buy some radio stations of massachusetts. they were going to court-martial them and they transferred jack down to the naval yards in south carolina. he'd been there a few months and

kathleen: i guess we will see.the indication is perhaps not because, you know, trump going to missouri today to sort of call, you know, forcefully for action, and layout broad strokes, when there really is not even a plan on the table yet ? it sort of is reminiscent in the way in which the white house handles that health reform issue. we may be headed down the same path. guy: bloomberg congressional reporter kathleen hunter. stay with us. up next, it is bloomberg "surveillance." tot and i are headed bloomberg radio as well. london bab digital. that is coming up. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. francine: risk on returns. stocks gain while the yen and gold slide. all aboard

mario draghi is taking center stage so let's get to kathleen hays for all the headlines. kathleen? julie, mario draghi took this occasion not to deliver a policy message. not to signal with the ecp does or does not do next, or when. he took this as an occasion to talk about what the big challenges are globally. he's especially concerned about openness. protectionism. he's concerned about how to make multilateral cooperation sustainable. it fair and equitable. but when it comes to currency, what you can take away is either mario draghi is not concerned about the euro because he didn't explicitly single it out. he's not worried. mario draghi will wait for the next ecb meeting. of the bull by indicating they will try to slow them down. , mario draghi gave an interesting speech. he talked about the nice regulation. echoing janet yellen just a bit. it's clear he's holding his fire until the next opportunity to speak and send a message. 4 reporting from -- julie: reporting from jackson hole, wyoming. we appreciate it, kathleen. joining us from our washington bureau, good to see you. than

and thanks to kathleen hays.big four banks showing the government's drive to get -- against bad loan seems to be paying off. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." betty: a quick check of the latest business flash headlines. second-quarter revenue beating the average analyst estimate by $13 million. the china-based travel booker had third-quarter sales jumping from a year earlier. they account for about 40% of global online travel booking. yvonne: apple waiting into the memory chips. memoryepends on flash from toshiba in iphone and ipod and wants to continue supplies and not dependent on rival samsung. china state on -- state on carrier boosting profit in the first half. china has air benefited from a pickup and investing business travel but reported a 4% fall in net income, due in part to losses at cathay pacific. air china says competition is increasing rapidly. banks: china's biggest forecast beating earnings for the second quarter. busted leveraging campaign. let's get to our china c

shareholders certainly deserve some seat at the table >> got you kathleen smith, thank you very muchor joining us. snap one of the stories we'll be watching in trading today. >>> one of uber's earliest investors is suing the co-founder and ex-ceo, travis kalanick claiming fraud, breach of duty and breach of contract ben mark wa benchmark wants to boot kalanick from the company totally >> when is the last time a board member sued another board member at the company >> a controversy that cost the ceo their job, potentially other executives their job >> this is ugly. >> certainly a drama. >>> google's ceo canceled a company-wide town hall meeting that was organized after one of the google employees was fired the engineer let go after writing that controversial memo on women and technology and diversity issues at google in an e-mail he said some employees were worried they would be outed for asking questions after he revealed some preselected questions were leaked naming google executives. >>> is amazon one step closer to global domination? details of the newest business idea next. stay

kathleen hays look at the bank of korea decision today. being stuck the rba between a rock and a hard place, but you do not envy governor lee. >> exactly. it was already a rock and a hard place when it comes to the korean economy. to gdp ratio very high, real income stalled, but as they decide to keep that key rate steady, 1.25%, unanimous in a bloomberg survey. risks comes from the north. these missiles, the question of what will happen, we can't even imagine how important it is to the people of korea, let alone the central bank governor. it has rattled markets. the bank of korea cited geopolitical risks as one of the biggest uncertainty right now over the economy. governor lee will be speaking at a press conference in less than an hour from now and people will be waiting to see what he says about north korea, the impact on the economy. forecasting been gdp a 2.8%, which is pretty good. anything, next year will be a rate hike. this is 8437. the white line, debt to gdp, turquoise line real average income, meaning adjusted for inflation. it

kathleen. kathleen: all these numbers are for the month of july.ss rates coming in at forecast. afghan ratio, which has been rising again, comes in spot on with the forecast, up from 1.51. there are 1.5% opening for everyone worker in japan. what is weaker than forecast by a longshot is overall household spending. the year-over-year number coming in at -0.2%. that is down sharply from up to .3% in june. the survey was looking for 0.7% year-over-year, and we do know that one thing that has been going on with spending is auto sales. they slipped in june and broke a five-month record of increases. on the layer market and one on spending. people have been wondering if this tighter labor market -- we are starting to see some increase in wages even. there was a sub and services. the producer price data increase in july. 0.5% year-over-year in the latest reading when you look at the core number. rise in inflation eating into people's pocketbooks and making them cautious on spending? that is what we have so far. in nice, tight labor market in the month of

for this, democratic congressional member kathleen rice thinks we're domestic threats. >> it's not a. you got into a spat with patricia arquette today. it's some thing for hollywood minor celebrity to be lobbing rhetorical bombs at you. but it's not a small thing when a legislator on powerful and influential security and counter intelligence committees, not just a legislator but a former district attorney who has an officer of the court should know wet better, labels you as an enemy of the state. why is she doubling down and insisting she has the right to label you an enemy of the state? . perhaps she's thinking about running for higher office. weam i placed on a no-fly list, because as i discuss often, we don't know the process by which, through which some one is placed on a no fly list. there's no legal recourse to get off of it. if i'm a domestic threat that's a lot. this is a congresswoman in her area, ms-13 is killing black and hispanic men. she has harsher words for me and for nra members than ms-13. that says something. >> no, and actually that's an interesting point, dana. gr

speaking to kathleen hays exclusively at jackson hole. fantastic interview.'s change gears to excuse the pun. uber is recording a new ceo. according to people familiar ofh the matter, the x ceo expedia will take the top job. he will replace the pound -- the founder who was forced to resign. let's get to bloomberg tech reporter that joins us out of tokyo. questions jumpck straight to mind. what does this mean for uber? i haven't even heard this name on the list. ay are we now talking about person that nobody expected? process we have seen, how did this happen? in terms of what this means in terms of timing, this really is the end of a certain phase for uber. the end of a period of hyper aggressive growth at all costs, massive fund-raising. now we are looking at this as a sort of a transition into a period where they will consolidate and stabilize things , but prepare for uber as a big mature company. dara, he is not unknown within the tech circles. the first thing to note is, he is coming from the travel industry. and uber is trying to disrupt the transportati

joining us now is kathleen hunter, bloomberg politics editor.'s talk about a government shutdown. republicans control both houses of congress. the wall andnd continue to fund the government without problems? kathleen: if only it were that simple. there is a couple of issues with that. the idea that this could go smoothly. one of the issues is that when it comes to spending legislation, even though as you say republicans control both chambers of congress and the white house, in the senate they will need democratic support, it will take 60 votes to get spending legislation through the senate. they will need eight democrats to come along and vote with them. republicans have a slim majority in the senate. democrats have been pretty clear that they do not want in they will not accept any border wall funding. that is going to be a hard sell and it is hard for me to think through a way in which they are going to thread that needle without forcing a shutdown or without trump backing down. manus: it looks as it will go to the wire. an interesting differe

kathleen hays, thank you.estor concerns after debt rose to a record, saying oil spill payments for the rest of the year and bonds and asset sales will ease the burden. second-quarter net income beat estimates. oil and gas was 10% higher. is cashsaid bp breakeven at below $50 a barrel, forecasting prices next year between $45 and $55. profitsiotinto net surge to more than $4 billion, up from 1.5 billion korean a year ago. they are expected to under pitt prices peaked at $95 a time earlier this year. yvonne: india's biggest steel producer had the first profit drop in six quarters. net income fell 44% in three months through june, compared to the record profit of $175 million a year earlier. they reported is a private gauge of output slid to an eight year low. betty: you can get a roundup of that story and more to get your day going in today's edition of daybreak. subscribers go to dayb on your terminal. it is available on mobile. you can customize your settings to only get the news on the industries and ass

coming up next hour, kathleen hays-- next, our kathleen will interview james bullard. that is coming up at 1:00 p.m. eastern time. we will set the stage, next. this is bloomberg. ♪ this is "bloomberg markets." i'm vonnie quinn. we are halfway to a great busy week for the federal reserve and the u.s. economy, of course. today at 1:00 p.m. eastern time, jim bullard will speak exclusively with bloomberg. tomorrow, we will have the new york fed president bill dudley. we will also get the u.s. july pbi. on friday, the last month's cpi data. probably the most important date of the week. for a little bit of an idea what this will mean, i want to bring in jewel cracjoel. all eyes really on the cpi data for the most part on friday, right? joel: that's right. maybe a little context or background on this. earlier this year, measures of inflation softened. we know there were factors behind that softening. unlimited data plans introduced by a major carrier, some prescription drugs coming off of a patent, and the prices being brought down by generics, but there was a softening in pr

rishaad: the boj governor haruhiko kuroda speaking exclusively with kathleen hays. america's stronger storm for years. we will assess the impact on the oil and gas business with ubs wealth management next. ♪ ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong, looking at the business flash headlines. china's state owned air lines slowing expansion to focus on the domestic market. china eastern and china southern added international seats for the first half, but less than half the rate from it year ago. investors watching domestic yields wind carries are out with earnings this week come expecting 28% profit just for china eastern. haidi: the latest index in australia does not track stocks, bonds, or currencies. assess an algorithm to the tone of the rba governor's words. they see if rate statements show any clear bias and the results correlate positively with rate moves and show it may be finally turning hawkish. another u.s. retailer filed for bankruptcy as americans turned away in favor of online shopping

kathleen hays here with more. set the stage here with janet yellen.pare the markets are what seems like a song -- a long time coming, higher rates. >> how much will she? people are waiting to see. this is jackson hole, this is the annual symposium. the fed chair, whoever that may a who kicks off -- there is thursday night dinner, friday morning 8:00 mountain time, 10:00 eastern. .0:00 at night in asia she will deliver a talk about anything she wants. the topic of the seminar of the conferences here is burned global growth. the dynamics. her topic specifically, so far we know is financial stability. what does that mean? isn't she going to talk about inflation missing its target with about she -- for the balance sheet? lessig look at the bloomberg chart. has -- look at the down byyou can see 1.4%. missing the target and moving in the wrong direction. why is the fed not taking any direction on balance sheet or interest rate? the minutes from the last meeting had a small bit about financial stability. people are wondering if there is a system -- systemic

kathleen hays is here with a look. we did not see such a big backup in the treasury yields.didn't, and i think that is because even though this looks like a healthier of and jobs growth is supporting the idea that growth will keep going, maybe one key part is wages and inflation. we will talk about some of the numbers that point to strength, because payrolls rose in july. let's bring up the chart, because it will help us see what is going on. see payrollscan rose. this is the three-month moving average, and it is up to $186,000. and it got better. low --yment, the 16 year let's get everyone straightened out. we have a 16 year low. that is all very good, however enough to makeng the kind of growth that donald trump would like to see. our intelligence team knows it is signaling this level of growth is consistent with gdp growing 2.5% in the second half of the year. let's look at another chart because i want to dwell on this point about jobs. if you look at this chart,2528, this is payrolls growth. 1986 when you had well over 5% gdp and inflation at 4%. gdp has dipped down. job

ahmedt: that was nabila and kathleen gaffney earlier on bloomberg.time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. jb holdings has placed another shoe company on the auction block. it has kicked off the sale process for valley international to bring in $707 million. focus on to acquisitions after acquisitions of green mountain coffee and krispy kreme. jana partners continues to bet on groceries. has aetimes activist fund stake in the delivery company blue apron. --a owns 600,000 shares and jana reaped a windfall after selling its stake in whole foods. the company behind lee and religions has added dickies. they are betting on work where as other categories of retail continue to slump. the deal is expected to close in the fourth quarter. and an activist fun has built a $400 million stake in danone. the fund considers the french yogurt company significantly undervalued. and that is your bloomberg business flash. ,oe: absolutely surging today bitcoin up about 20% since friday. reason we are goi

kathleen hays is standing by for us. a scenic backdrop indeed.t question are central bankers trying to answer? arehe big question they trying to answer and everyone would like them to find an answer to is why is it that many of economies have picked up and are in recovery, labor markets tighter, and yet inflation is not heading towards target. it is a conundrum of our times for central banks. earlier we spoke to the president of the federal reserve bank of dallas and ask him about this. he talked about different factors affecting this, but even though he can see it is moving slowly and urges patience, he up on theven eventuality that inflation will move higher. faith thatt lost inflation may well get back to its 2% target. you have to understand the historic cyclical forces and andls what they suggested that they are being offset by new forces that we can understand by looking at industries, companies, and talking to ceos, and those are having a muting effect on inflation. >> you will hear another view from the former vice chair of the federal re

kathleen hays in new york as we count you down to that all-important job support -- report.l, coming up, squeezing the middle as credit conditions for chinese smes falls to a record low. midsized technology companies say they risk english fell there it we will tell you why. but next, is mark carney caught in a catch 22? the challenges facing the boe. this is bloomberg. ♪ ♪ rishaad: you are back with bloomberg markets. i am rishaad salamat. the latest business flash headlines, toyota and trusted a tie up with monster comes submitting a proposal to the board friday. the nikkei news saying each would take a 5% in the other. the deal could pave the way for a joint production plant in the united states. we are expecting an announcement. toyota reporting earnings friday. shares the highest in six months. toshiba to build a new flash memory chip plant without western digital, spending $1.8 billion expanding its center in western japan. toshiba owns the land and buildings. until now, it was occupied by sandisk. softbank continues to invest, $250 million into on lined lender kabbage.

a husband hoping the p would locate his w detective kathleen dec the stand. >> when you first saw hisesidence, i described him as very and upset. >> yes. >> the defense willingly conceded that davi crummy husband. but skirt-chasing didn him a motive for mur >> dave pietz isn't the guy to step out on his all of you, certainl people that have done . have they killed husbands or anything l? >> and, the defense co that if anyone had hide, it wasn't dave. it was nici. >> there's another sid this. >> the defense now tur focus to nicole pietz, last few weeks of . >> raise your right ha. >> the lawyers called stand their main witne doctor, carol waymac, primary physician for years. >> you knew nici's his she had trouble has woman. >> i did. >> and had actually be rehab at one point. >> and we had talked abo throughout her car >> so when nici came i office complaining of back pain at the end o doctor waymac said she nici's past addiction the doctor testified tha did put nici on pa but said she tightly m nici's weekly pres right down to counting number of pills. >> on january 12th, sh. on janua

kathleen hays, thank you as well.en's exclusive interview with haruhiko kuroda ahead on the list hour of daybreak asia -- the next hour of daybreak asia. it will hear about the yield curve at 8:30 a.m. in hong kong, 8:30 p.m. in new york. this is bloomberg. ♪ betty: breaking news, the uber meeting minus the ceo. according to the new york times, the board is set to vote on the new ceo. they want to announce the decision first to their employees and then publicly. hass like yvonne, the board voted. it will replace the founder and former ceo. [please stand by] they could be seeing news in the next hour when the markets open. this is bloomberg. ♪ ♪ 8:00 a.m. in hong kong. we are live from bloomberg's asia headquarters. the top stories this monday, headlines from jackson hole. central banks on to verging paths. jay y. lee to appeal his sentence, the corruption verdict with implications beyond samsung. >> welcome to "daybreak asia" from bloomberg's global headquarters. it is just after 8:00 p.m., gasoline surges as harvey s

kathleen served a governor of louisiana during hurricane katri katrina. to join us with her take on the efforts in texas and louisiana and what it will take to rebuild after this historic storm. >>> but first, the ceos of the big three airlines, united, american, and delta are heading to the state department today. what thediusd thy scsewi secretary tillerson is next. ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? >>> welcome back here's another angle on the texas refinery shutdowns they could push jet fuel prices higher phil has more on whether travelers could pay more for tickets as a result. phil >> kelly, more about that in just a little bit. let me give you an update about what's happening within the next hal

and kathleen bliss of nevada. and they granted motions from the defense lawyers to withdraw from the case. they did not specify why. they were commended by judge steven o'neil for their extraordinary advocacy during the first trial. cosby is retried on charges he drugged and sexually assaulted former temple university employee, andrea constand. and cosby maintained the encounter was consensual. it ended in a mistrial because they could not reach a unanimous verdict. while no final decision was made the team would be looking to move forward in the case in montgomery county. >> we are ready to proceed as we told you before. we are confident in our case and the evidence, and we'll be ready when we get a trial date from the judge. >> reporter: and at this point the judge is loosely looking to look at scheduling somewhere from march 15th and april 1st for the start of the trial but it depends on scheduling. jury selection could take place if allowed. >> thank you. >>> "action news" has learned one of the 10 sailors mis

kathleen hunter stays with us. when you look at this, what does it mean for the ability to get tax reforms? what will he look for, as to indications? >> he will need a sustained period where he does stay on message, where he does not create sideshows, where he is fighting the media. give then message will markets confidence that there is potential that we could get something through. his popularity ratings being so low, it is easy for the republican matters for not supporting what he does to talk out. if he stays on script, it is much easier to get congress in line. it's a big if. francine: how much time does he have to stay on message for? i'm not being facetious, but is it two weeks, three weeks? >> he has never done three weeks. so, if he does three weeks, maybe they will think this is something sustainable. but you have to keep going, though. if we get to three weeks, maybe there is credibility he will stay on message. we talked about the possibility of tax cuts coming through during the next month. the markets

he elaborated on that with our kathleen hays. ♪ kathleen: is one more rate hike this year a problem?d by inflation coming into the downside during the spring here, and not by a tiny amounts. really by a large amount compared to the progress that we made in 2015 and 2016. so if you look at the chart, we were creeping up towards 2%, altering 2015-2016, then in 2017 most of that progress has been undone. i think that is, at least in my mind, leading to a reevaluation of our story about whether our policy is leading inflation back towards target or not, so we will have to see how the data comes in for the second half of the year on that. >> so are you saying let us wait for the data and then when it is stronger, i would be in favor of a rate hike? james of course, we are always : data dependent. i am not too optimistic that we will have higher inflation measured on a year-over-year basis by the end of the year. if you look at the sep, we are still predicting a 1.6% for core inflation by the end of the year. we would still be well below target and not too far from where we have been in th

kathleen, thank you.ake a closer look at the growing security threat on the korean peninsula. this is bloomberg. ♪ rishaad: you are back with "bloomberg markets." lun in sydney.di take the check of the headlines. apple is said to be planning a new watch this year. yourhat connect to sell networks, reducing its reliance on the iphone. currently, the watch must be connected to the iphone to upgrade, but the upgraded version will have chips allowing solo, whicht tasks should be a big victory over longtime apple partner. rishaad: preparing further investment in the u.s., possibly in michigan, and related to the motor industry. they held talks over the weekend with michigan governor, rick schneider and is expected to make an announcement. it is unknown how much money will be involved. foxconn will spend $10 billion in wisconsin. haidi: a report into last -- into the crash landing of the plane. a firefighter was killed and 30 of the 300 people hurt from the -- when the triples -- triple landed.-- 777 it was emi

kathleen: we know what markets would like to hear. there are a couple of things.e would like him to be more explicit and say, the broadest blueprint for people -- what people are expecting. , theapering process starting gate, etc., and move towards that step and start it. that would be really easy for mario draghi to do. i think the more interesting question is what he might say about the surge in the euro. bulls say they are most of care what he will have to say because they know they will have to taper. will mario draghi expressed concern and will that put a whole other spin on where he is and how aggressively the ecb will move ahead? said, yes, he agrees. mario draghi is in a tight spot. the ecb is not in the same position the fed is. the recovery isn't quite as strong. the inflation is still far from target. alan's point was, looks, why would mario draghi, believe -- all the way to -- why would mario draghi come all the way to jackson hole if he is not going to send some kind of message? kathleen, thank you so much. .oining us now is ed shing first of all, goo

to talk a little bit about what more about what is behind all these trends, kathleen you manage the there here's the issue seven involved with the new file coin they told us earlier, his dad is asking if he should be buying bitcoin. ipos, are they just not that exciting anymore >> the ipo market is not the place for easy money and that means it's harder on the companies but investors are doing fairly well once the companies accept the fact that they have to value their ipos properly. >> so maybe you're saying it's a safer place than it would have been 20 years ago for investors. but then do you have some of the high profile examples where snap and apron have struggled a little bit >> they have given us a bit of a hit in returns the third quarter between that and little bit of the macro environment. but i would say overall it's the ipo market is unusual. it's kind of a paradox we're hitting all time highs and the overall market and, yet, ipos are being priced more carefully in general if you exclude snap and blue apron. and i think that's because maybe the money that's in the market

>> reporter: hey jim, rahel, joined by kathleen miller in triple a. yourself in a vehicle during the peak of the clings, what should you be thinking about? >> well, triple a wants to reminds everybody that even though today is a really big day for science, also needs to be a day for safety. so if you are driving during the eclipse, keep your headlights on. you also want to keep your sun advise or down, so you're not tell topped look at the sun, or the sole solar eclipse. you want to put your phone down, we can't stress that enough. this is not a day for distracted driving and trying get that photo or video. and, do not wear those eclipse glasses while driving. that's not what they're design for. >> so it sounds like people need a plan both drivers and pedestrians, because i can see people looking at the eclipse and me around err into the street, right? >> absolutely, before you lever the house today, need to decide where your priority is. is it the eclipse or maybe an appointment do you have get to if you're top priority is to view the eclipse, stay o

kathleen rice took to social media to rip lash and the nra as well.ice tweeting if a white guy was shot dead with a legal gun and a joint in his car nra would stay silent? your ear the ones lying. then added the second tweet. i'm going to add it, nra and dana lash are quickly becoming domestic security threats under president trump. we can't ignore that. the nra part refers in part to the fact that in addition to black lives matter protests last year over castillo's death after his girlfriend live streamed the moments after the police shooting there's been anger at the nra for not standing up for the victim since he had a permit to legally carry that firearm. rash and the leadership in the nra and perhaps members are domestic security threats, that climb, that's ignited a firestorm. lash declare sheeg's waiting for the congresswoman to sic her secret police on her. rice lectured president trump for name calling, shields it was juvenile, and there was a certain amount of decorum we expect from the commander in chief. this from the congresswoman calling

first off, representative kathleen rice, i find this completely irresponsible and reckless.ecurity. she also sits on the committee for counterterrorism and intelligence. and i'm not quite sure that someone who can just, who just pops off like that online is trustworthy or is able to be trusted with the amount of power that the people invest in her with tweets like this. i mean, this -- for her to say something like this and to malign millions of law-abiding americans are irresponsible and reckless, and i would really like to hear some sort of public censure of kathleen rice, of representative rice for this, because it's irresponsible. and this is not behavior that is befit of an elected seat. stuart: how do you feel about this? because you have become the target, i suspect. i remember months ago when you first put that, when that ad first started to appear, we picked up on it because it was a vigorous defense of the second amendment. i mean, we're just going to run a little bit of it right there. >> right. stuart: that was a vigorous defense. you have become the principal ta

scarlet: that was haruhiko kuroda speaking with kathleen hays.global central bank policy, including the prospect of regime change at the fed when we speak with christian ramani. you want to catch that interview at 4:00 p.m. eastern on "what'd you miss? " york, this isw bloomberg. ♪ . . julia: it's 3 p.m. in new york, 12:00 p.m. in san francisco and 8 p.m. in london. i'm julia chatterley. scarlet: and i'm scarlet fu. welcome to bloomberg markets. julia: we are live from bloomberg world headquarters in new york. here are the top stories we are covering on the bloomberg and around the world. be on the social cost, the potential economic and security catastrophe -- damages growing larger by the hour as an unusually large number of people do not own insurance. president trump set for news conference this hour, one of the many events taking the focus away from what was supposed to be a big week on taxes. speaking of challenges -- it is a long list for the expedia star 's he takes the job of uber ceo. he said to be the favorite as the decision goes near

kathleen and george are speechless. i am often asked how we learned about the watergate break-in, which brings me to june 1972. this chapter is "the watergate break-in." on june 16, 1972, the first lady leaves for a three-day campaign swing through texas, california and south dakota. while she's out of town the president will spend the weekend in florida. it's his last chance to be in key biscayne before the water gets too hot and humid. and, her best friend, and i accompanied bob on air force one. june 18 dawns warm and windy. after celebrating father's day after breakfast by the pool, the four of us return to the villa. although the president is at walker's k, bob explains that something has come up and he needs to spend time on the phone. armed with the sunday papers, i settle on the terrace while the girls swim in the ocean. buffeted by the strong wind i cram the papers i'm not reading under any chase to keep them from blowing away. the lead story in the mime herald is about the withdrawal of troops from vietnam and