kathleen's daughter caitlin came to durham to see it happen. >> reporter: and of course kathleen's sister the courthouse. >> oh david, good to see you today. pleading guilty. pleading guilty. thank you that's what i've always wanted. >> actually we're not pleading guilty. >> you're pleading guilty. alford schmalford. guilt. >> michael peterson, he'd like to walk around and proclaim his innocence, but he can't. he can play with words but he can't play with the facts. >> reporter: the courtroom was eerily reminiscent of the 2003 trial, packed with tv cameras. >> everybody's a little bit older, but there's so much that's the same. the emotion, the tension, the anger, all of it was still there. >> how does mr. peterson plead to charge of voluntary manslaughter? >> he enters a plea of guilty pursuant to alford. >> mr. peterson you're pleading guilty to voluntary manslaughter. that's a class d felony. do you understand, sir? >> yes, sir. >> and do you now personally plead guilty pursuant to the alford case? >> yes, sir. that's -- was the most difficult decision i ever made in my life was to tak

kathleen: yes. buy the two-year note, the treasury, or get out of the way, the fed is still coming? greg? greg: get out of the way. jim: no. kathleen: get out of the way. jonathan: tesla 2025, or netflix with a similar maturity through to year end? both companies have burned through cash. both companies have had to raise a lot of capital. would you hold the tesla 2025 or netflix of a similar maturity to year end? greg? greg: netflix. jim: tesla. kathleen: don't make me choose. jonathan: go on. you have got to. kathleen: netflix. jonathan: there we go. thank you very much for your time. that does it for us. that does it for "bloomberg real yield." we will see you next friday at 1:00 p.m. new york time. 6:00 p.m. in london. this is bloomberg. ♪ scarlet: i am scarlet fu and this is this is bloomberg "etf iq". ♪ scarlet: tech cap catch a break -- can't seem to catch a break and the darlings of 2017 turned into the has-beens of 2018. we discuss with etf manager who is ahead of the curve. a volatile month

jonathan: kathleen. kathleen: get out of the way. tesla 2025, or netflix with a similar maturity through to year end. both companies have burned through cash both companies had , to raise a lot of capital to fund that growth. would you hold the tesla 2025 or netflix of a similar maturity to year end? greg: netflix. jonathan: jim. jim: post selloff tesla. kathleen: don't make me choose. netflix. jonathan: there we go. kathleen. thank you very much for your time. that does it for us. greg peters, jim keenan from blackrock. that does it for us. that does it for "bloomberg real yield." we will see you next friday at 1:00 p.m. new york time. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and chall

kathleen cleaver? kathleen: about dr. king, had he remained alive, had his movement been able to implement, with the poor people's march and the projects he's initiated, it is not so much if he was still alive, but if those structures for political change were still dynamic and being funded and people could participate, then some of those goals could have conceivably been implemented. but he was assassinated for clear reasons, that is exactly what the power structure did not want to happen. host: dr. joseph? do you do what-if history questions? kathleen: -- prof. joseph: [laughter] not really but what i will say , is this, when we think of dr. king, if he was still alive, we have seen this transformed political landscape, including someone recently elected president, who never held political office, so i think it would have been tremendous pressure on him and we would have seen how he would have responded. he responded by saying no when people wanted him to run symbolically on protest tickets. i think the idea of having s

kathleen: it is past 7:00 in tokyo. i am kathleen hays.e are looking at the action on wall street playing into the asia-pacific trading day. and you know, i am here mainly originally because the bank of japan is meeting this week, a big decision on friday. the big question had been how any uncertainty around the strength of prime minister abe's leadership in japan might affect his guidance of monetary policy, but it seems to me all is back in president donald trump's court after he got the ball rolling again tweeting on north korea, denuclearization, kim do this.lanning to that seems to be the information for the trading week ahead. paul: we will be getting into the north korea issue later on in the show. there is a lingering sense that we have seen this movie before the north korea very good at giving away bargaining chips ahead of the game. over the years, the deals that are struck a rather different than first intended. we will explore that a little bit later in the show. let's see what is happening in asia. trading in new zealand getti

kathleen: and i am kathleen hays in tokyo.nt trump's claim that oil prices are artificially high. the president said looks like opec is at it again with record amounts of oil all over the place including a freely -- a fully loaded ship out at sea. no good and will not be accepted. but the russian energy ministers said no one is manipulating prices. >> we actually think it is not any organization, and there are many factors which affect this process. one of those is supply and demand. u.s. shale oil which is affected by market dynamics. we have seen price increase over the past few years which have not driven that shale, so if you look at the statistics over the shale.5 years, the u.s. has added up to 1.5 million barrels a day. this is affecting the shale oil industry. ,f you look back at 1.5 years you have to see the state at which the shale industry was in terms of finance. component,ber, the everybody was rejoicing that they declared cooperation. we helped restore the interior of texas. >> you think he is wrong, prices are n

kathleen?athleen cleaver: had he remained alive, had his movement been able to implement the poor people's march and some of the projects he initiated, it is not so much if he was still alive, but if those structures for political change were still dynamic and being funded, and people could participate in them, then some of those goals that have conceivably been implemented. but he was assassinated for very clear reasons. that is what exactly the power structure did not want to happen . , do you answerh history questions ever -- prof. joseph: when we think about dr. king, we have seen this transform the political landscape. including someone who recently was elected president who never held political office. so i think there would have been tremendous pressure on him and we would've seen how he responded. he would have responded always by saying no, really symbolically on protests -- i think now that the idea of having some massive social movement leader actually running for political office, w

kathleen cleaver. >> respond? >> go for it. >> i'm very happy to hear you acknowledge the backbone of all the movements in black justice and black freedom and antislavery have been women for several reasons and one is the intention on oppressing men was so vicious testimony almost necessary for women but the other one is that women took on that responsibility. and women leadership has been a feature of the struggle against slavery, segregation of racism and part of that is because of the role of churches in the past. no so much now. our churches are a gathering place for women who are activists, who are supporting leadership of male pastors, but certainly running these churches. so the base of social activist and political activist in black communities have been frequently is women, women organizations, and women leaders. >> from virginia, max is waiting on the line for those 29 and under. go ahead. >> caller: thank you. i wanted to say this has been a great conversation and i wanted to thank you for hosting it. w

twist. - yeah, with my frozen custard kathleen twist.re gonna do a cup of milk and a cup of buttermilk. i think buttermilk deepens the flavor. i think it also makes it less sweet. - it's got a nice tang to it. - yeah, i think so. now you're gonna do a cup of the cream. - okay, so everything's the real deal here. - you don't get the best frozen custard by cheating on ingredients. - all right, so heavy cream. - all locally-sourced and grass-fed. no we're gonna add a little bit of sugar. - okay. - we'll do a little bit of honey as well. - avocado raw honey. - yeah, the flavor's really interesting. - ooh! - it almost has a molassesy flavor to it. while that's heating, we are going to crack some eggs. - okay. - so we're gonna separate the yolks from the whites. - and so what happens to the whites? - there's a friend that i have that makes macarons. and she will bring me her yolks, i'll bring her my whites. - i love that. you guys-- there's like a community. - yeah, totally. - nothing drives me crazier than waste - yeah. - i don't care what it

by the way, kathleen has an coming upinterview tomorrow on day break asia. speaking to robert -- place 8:30 a.m., .ong kong time let's pivot to india and have a there. the market

host: kathleen cleaver? guest: a response? host: go for it. guest: i'm happy to hear you acknowledge that and to see the backbone of the movements for black justice, black freedom, and antislavery have been women for several reasons, one of which is that the attention on oppressing men was so vicious that it was almost necessary for women. the other is that women took on this responsibility and women leadership has been a feature of the struggle against slavery, segregation, racism, and part of that i think is because of the role of churches in the past. not so much now. churches are gathering place for women who are activists, who are supporting leadership and essentially running the churches. the base of political activism and black communities frequently is women organizations and leaders. host: from virginia, max on the line for those 29 inventor. go ahead. caller: thank you. i wanted to say this is a great conversation and i wanted to thank you for hosting it. when the professor mentioned dr. words onte

kathleen: it is so different from the fed, isn't it?in the fed. this is the battle of the doves, ecb versus boj. people are saying maybe the ecb is going to fly lower. here's the deal. mario draghi wants to announce further reduction in bond purchases, june perhaps. but now the economy has stalled. we were talking about a plunge in german business sentiment yesterday. he is going to be cautious maybe, look at the economy. that is going to sound dovish. what is the boj going to say? what mr. corona has been saying forever, more powerful easing is needed. people are looking for the euroyen. if mario draghi comes out to test the floor level of 129, in place for the past year. i think in the currency markets, there is probably some wagers going on. yvonne: yeah, who is more dovish, who has the coldest feet. thanks to our global economics and policy editor, kathleen hays. in a moment, malaysia's prime minister points the finger at his opponent for this scale of the 1mdb scandal. check out our exclusive interview. this is bloomberg. ♪ yvonne:

host: kathleen cleaver? guest: a response? host: go for it. guest: i'm happy to hear you acknowledge that and to see the backbone of the movements for black justice, black freedom, and antislavery have been women for several reasons, one of which is that the attention on oppressing men was so vicious that it was almost necessary for women. but the other is that women took on that responsibility. women leadership has been a struggle of the struggle against slavery, segregation, racism, and part of that i think is because of the role of churches in the past. not so much now. churches are a gathering place for women who are activists, who are supporting leadership and essentially running the churches. the base of political activism in black communities frequently is women organizations and leaders. host: from virginia, max on the line for those 29 and under. caller: thank you. i wanted to say this is a great conversation and i wanted to thank you for hosting it. when the professor mentioned dr. king's later wor

our guest is kathleen kennedy tauzin --kathleen kennedy townsend and michael cohen. give us a better sense of mccarthy and why he entered the race and what his personality and clinical standing were like and why he faltered as the primary process continued. guest: mccarthy is an interesting figure. withsky, and intellectual very liberal policies. a very conservative demeanor to him. he believed in the political process. thatn because he believes -- believed that, he was fearful that democrats were opposed to the war and were going to create a third or fourth party. he said this in an announcement speech. he wanted to give them an outlet within the party and the process to again make voices known. traditional view of politics. he is best very radical policies as time went on during the campaign. who waslso someone lazy, did not really like campaigning, he would only say he is a more -- not a morning person. he would have a hard time talking to people sometimes. he could be very effective on tv and an effective politician. he didn't like the details of campaigning. mcc

kathleen, known as kick, and jack. calls them his golden trio. >> his eldest son, joe jr., was not only handsome, but also athletically gifted. he was the heir apparent. joe jr.'s father and mother believed that he would be the one to carry the standard for the family. >> his younger son, jack, is overshadowed by joe jr. in his father's mind, but i think having a bit lower expectation gave jack a chance to be himsel. it gave him a kind of freedom to be a kid in a y that i think it would of been tougher for joe jr. >> jack and kick were the troublemakers, fun mischievous and had each other's backs. she was very popular among boys. it was because she was vivacious and charming and she was funny and she spoke back and she had opinions. she did sort of stand out. >> as america enters the war, joseph sees an opportunity to restore the kennedy name. >> once the united states was in war, he was smart enough to know there was no stopping it. they were going to go in. it was the patriotic thing to do. sure enough, kennedy helpe

kathleen kennedy-townsend.you agree every time the republican gets into the white chaos, economic mayhem and i praoeappreciate yod your uncle jack for their good human on and bei being. thank you. host: thank you, glen. ms. kennedy-townsend: thank you. i praoeappreciate that. i'm a democrat so i hink the democrats who are a party believe that government has a role really makes an effort to make government work work effectively. i think that is a different some of the rest of the republicans have. i think we all agree we are not really talking about present day i would say the current president is the epitome of a ng the head government that doesn't want it to work well. that in : i would say politics whoever ends up coming fter president trump will have to find a way to fix what is happening in washington right now. on the are focusing democratic party and state of iberal politics and next week we turn to conservative politics and republican and nomination of be after this case his defeat in 1960 to john kenned

let's turn to kathleen kenn edy-townsend. ms.ennedy-townsend: well, i would respectively disagree. i think that president clinton did a very good job in lifting up the middle class. i think we had the best economic performance for middle class and actually for working people in the 90s through the economic policies. that was a very productive time. i think that the president obama worked very hard to develop a strong middle class and obviously i think the health care bill although wasn't popular really helps people because they know they can have health care even if they lose a job. so i would disagree with the premise in a sense but that's -- might be understandable on my part. it is, the question is, and i think there are going to be a lot of democratic candidates who i think will reach out to different aspects of the democratic party and we'll be able to decide who is going to do the best job of appealing, i hope, to all of us and it's not just a fraction of the party. host: again our question which party has changed the most

kathleen: i think it is wise.has been reappointed for a second year term of five years as head of the bank of japan. , intend to fill my entire term but considering policy normalization, during -- sometime during this term. i think that has a lot to do with the fact that as he said this, he also noted that they are not going to give up on achieving that price target. it's interesting. remember, for the longest time even last year, he could not say the word normalization or exit. he started to address it, and he's putting it in an important context. let's listen to what he said. the boj is still far from reaching price targets. it takes some time to change deflationary mindset. it's clear we are moving the path towards 2% target. we will continue to make all efforts to reach price target. >> just a couple of weeks ago, mr. kuroda said the boj would continue its exit as they reach the 2% target. maybe here is why. let me show you the gtb chart from the bloomberg which looks at japanese inflation. 1%, that is cpi, th

views on of this as well kathleen: you think it will hit 1.10? boj technique is well out there, a year or two. what do you expect governor kuroda to turn the yen? continuel say it will and easing monetary policy to come. moment, he will hand when an exit will be, so he will do that. the market is expecting that exit is a year or two years from now. readarket is trying to from mr. kuroda's remarks, but he is very careful. kathleen: what about the 10 year yield to note knocking at the door and rising above the yield curve? >> that what sort of translate expectedt is already and incorporated into expectations of the people. on a risk, u.s. acts in a way that would sort of contradict expectations. i think it would not really move the markets. kathleen: what options does japan have event it appreciates above 100? >> intermission at the dow 100 is impossible. it is only possible when president trump and mr. abe agree. breaks 90,yen dollar then i think president trump may feel some uneasiness. at that time, we may intervene, but at this point, it is imp

>> i think kathleen had that right. betty: kathleen is going to comment yes!i think too much is made of the narrative behind the cpi prices are dropping out, and is also the momentum in the numbers. over the last six months come at the core inflation rate averaged 2.6% and over the last two months it averaged 2.1%. 2.6 overer year and six months, and 2.9 over three months, that is accelerating. if we look forward over the next months in terms of headline numbers, as higher oil prices that we talked about a couple of minutes ago haven't fit into the inflation reports. what i would disagree with is that it is a long way away from 2%, we're going to be 2% on this pce inflation numbers in the june report. possibly even in may. that 2%is going to see inflation number, and that is going to be the factor that matters at the june meeting. remember, chairman powell said repeatedly, he said we only need one decision at the march meeting. that decision was to raise interest rates in march. in june it is clear that will raise rates in june given these numbers. now what th

and kathleen kennedy-townsend joins us from west palm beach, florida. greg is the next caller from new castle pennsylvania. caller: i spent a year in the jungle of vietnam including a-105 which i won't share which side of the border it was always on. a lot of the mess that was going on in laos because of drugs. but i'm firmly against the democrats because of the vietnam war and the message turned out ss -- mess it turned out to be and the draftees and of course the rich people, they could always avoid the draft. so, one of the old dumb grunts now and in declining numbers, i'm just making my comment. host: kathleen kennedy-townsend, how would you address that sentiment? ms. kennedy-townsend: i think it is an excellent sentiment. when my father was running for president he said the same thing. how unfair it was that people who could go to college got out of the draft and that the people who couldn't afford college didn't get out of the draft. he said that was unfair. he said that to college students. so, he was willing to go right into people who were ben

thank you, joe, thank you, kerry, thank you kathleen, thank you, kathleen's daughter, and the little one that is being held in your arms. thank you to the kennedy family, and thank you for being most of all the inspiration that so many of us remain starry eyed and have guided us in the question and the quest of public service. i think it's an honor to talk about those 82 days, which as my colleague has said, all of us would have been ready to be at an inauguration for robert francis kennedy. many of us saw him as the bright and shining light. many of you know that we as african-americans, people of color, native americans, were just about coming into our own. i remember rushing to work for the southern christian leadership conference. i did so, however, because of my age after the assassination of dr. king and after the assassination of bobby kennedy. so many of us with black and white televisions saw this horror and really could not believe what we were seeing. we knew rfk, robert fitzgerald kennedy, i knew him because he went to appalachia and began to show what poverty was and why

thank you, joe, thank you, kerry, thank you kathleen, thank you, kathleen's daughter, and the little one that is being held in your arms. thank you to the kennedy family, and thank you for being most of all the inspiration that so many arry-eyedain stor storyst and have guided us in the question and the quest of public service. i think it's an honor to talk about those 82 days, which as my colleague has said, all of us would have been ready to be at an inauguration for robert francis kennedy. many of us saw many of us saw him as the bright and shining light. many of you know that we as african-americans, people of color, native americans, cesar chavez, were just about coming into our own. i remember rushing to work for the southern christian leadership conference. i did so, however, because of my age after the assassination of dr. king and after the assassination of bobby kennedy. so many of us with black and white televisions saw this horror and really could not believe what we were seeing. we knew rfk, robert fitzgerald kennedy, i knew him because he went to appalachia and began to

take it away, kathleen. kathleen: thank you so much, rishaad.as we count down to the decision.pan's policy no big changes expected, but where the bank is and where it is heading is very important to investors around the world. i am happy to bring back our att guest, portfolio manager alliance burstyn here in japan, an avid follower of all things boj. great to see you again. let us talk about this great up,ing that is wrapping there are two new deputy governors, broadly speaking, what is the debate today if anything? and what we we hear when they come out? stephen: our expectations for the doj is that it will not do anything because they need code inflation to get closer to anything 2%. , for them to get any normalization tops. is a lot of, 0.9% progress but not enough? >> yes. n: i have had many conversations this week with people who say that they are not 100% sure about when the next elections coming up in september, that he will merge with the power and remain prime minister in japan, what do you think> justiko: our sinner is like you. we thi

kathleen, my governor. i worked very hard to make kathleen governor of our state. she would have been a wonderful governor. and in a few short days i'm going to be honored to travel down the florida to celebrate the 90th birthday of bobby's wife, ethel. i was a generation that was so inspired by john kennedy. you're saying yes, but this is about bobby. yes, it is. and i learned everything i could ant john kennedy and you could not learn about john kennedy without learning about bobby kennedy. is chris still here? i flew back from phoenix this -- monday, and i finished the last 125 pages of chris' book. i'd really not read it for the purpose of being here, but i got to know bobby better and who announced for president. and i think barbara lee is right -- had fate allowed him to survive he would have been the president of the united states. and what i got from chris' book was a little more of the depth of robert kennedy. of that idealism of robert kennedy. the deep and abiding intellectual integrity that he had and displayed every day of his life. and that is why we

kathleen hays here with a preview.ink those numbers will be important for the markets, given the headlines? >> i guess we will see how they react tomorrow. president trump has been sticking to his guns. they want to change, but they have to do something. it is upping the ante. it is like playing cards. china says we will match your $100 billion worth -- we do not know. ultimately, assuming we do not have a trade war, jobs, the federal reserve, inflation, that will be most important to the fed rate hike. march come a could be distorted, marchd, by wintry -- could be distorted, clouded, by wintry weather. some people work in those jobs. construction, for example. you can't work, so it could shorten work weeks. tends to boost hourly earnings. this could lead to a wage inflation head fake for one month. jump into the bloomberg with gtv , if you want to look at this chart. this chart is average earnings, u.s. unemployment rates. you can see that back in january, a couple months ago, got up to 2.8%, year-over-year. not a

host: kathleen cleaver?uest: a response? host: go for it. guest: i'm happy to hear you acknowledge that and to see the backbone of the movements for black justice, black freedom, and antislavery have been women for several reasons, one of which is that the attention on oppressing men was so vicious that it was almost necessary for women. the other is that women took on this responsibility and women leadership has been a feature of the struggle against slavery, segregation, racism, and part of that i think is because of the role of churches in the past. not so much now. churches are gathering place for women who are activists, who are supporting leadership and essentially running the churches. the base of political activism and black communities frequently is women organizations and leaders. host: from virginia, max on the line for those 29 inventor. go ahead. caller: thank you. i wanted to say this is a great conversation and i wanted to thank you for hosting it. when the professor mentioned dr. words onter

kathleen: we certainly are. thank you so much. in just a moment president trump accuses opec of inflating oil prices. we will ask if he is right. and where oil prices are going next as well. this is bloomberg. ♪ this is bloomberg. ♪

kathleen hays here with more. we saw jobs growth weaker in march but it is wages that piqued our interest. both of those things happened, you are right. winter weather, people still see a report that to a certain extent could have been impacted. the federal reserve will put that to one side as jay powell signals more rate hikes. let's look at some of the details of the report. the nonparstart with zeros. they rose 300,000. bad weather, construction workers, all kinds of things can hurt that. february we had unseasonably warm february whether. then you got the job report of a surge of over 300,000 workers. unemployment steady at 4.1%,

kathleen hays here with more. it will be john williams. here's johnny, that is what people are putting on their emails they. john williams were placing bill dudley, retiring. the new york fed has come through with its selection. let's remember why the new york fed is so important, why there is so much focus on this appointment. new york fed, first among equals. the new york fed is a permanent voter on policy, the others alternate vote on the fomc. vice chairman of fomc, much closer as advisor to the chair, which bill dudley certainly was to janet yellen. overseas big wall street banks and conducts open market operations.

our global economics and policy editor kathleen hays here with more. was controversy about john williams and rumors about him becoming the president of the new york fed. >> he is. a big bill in reserve system and something that people are watching for any influence it may have on policy because the new york fed has selected san francisco fed president john ym's to replace bill dudley. bill is retiring this summer and rumored that john williams was in the running. we now know he certainly was. let me remind everyone why the fed's position is important. first among equals. among the presidents 12 rotate devote every year.

kathleen: maybe one of the measures looking stronger. bottom line what happened was we expected pretty much. the march jobs report was hit by unseasonably winter weather, very harsh on the east coast, compared to february with unseasonably warm weather boosting numbers. let me give you details to show you what i am talking about. 103,000 inre up march. the forecast was 185,000. that was down from 326,000 in february, averaging 200,000 a month. unemployment was steady. it was supposed to drop. now basically holding steady.

kathleen: there is a lot more to this than meets the eye. with where this happened and how it happened. president trump was holding a meeting with republican governors and lawmakers. he made the statement during a meeting with republican governors and lawmakers that their negotiating a fair trade. echoing like what we heard him sing after the meeting, that he thinks also that the u.s. and china will not levy tariffs on each other. publicemember these are and leaders from cultural states, and are concerned that putting tariffs and china retaliating can hit u.s. farmers hard. let's listen to the republican center from nebraska, a big farm state. it is good news the president is listening to advisors and those of us here today. he said he is going to deputize larry kudlow and ambassador lighthizer to reenter the tpp negotiations. that is good news for america and the rule of law and economic security in the pacific. kathleen: deputizing larry kudlow and robert lighthizer seems this has likes to it -- legs to it. not surprising that elizabeth wa

our guest is kathleen kennedy tauzin --kathleen kennedy townsend and michael cohen.ive us a better sense of mccarthy and why he entered the race and what his personality and clinical standing were like and why he faltered as the primary process continued. guest: mccarthy is an interesting figure. withsky, and intellectual very liberal policies. a very conservative demeanor to him. he believed in the political process. thatn because he believes -- believed that, he was fearful that democrats were opposed to the war and were going to create a third or fourth party. he said this in an announcement speech. he wanted to give them an outlet within the party and the process to again make voices known. traditional view of politics. he is best very radical policies as time went on during the campaign. who waslso someone lazy, did not really like campaigning, he would only say he is a more -- not a morning person. he would have a hard time talking to people sometimes. he could be very effective on tv and an effective politician. he didn't like the details of campaigning. mccar

kathleen: not yet.e governor will be presiding over after he was reappointed a couple months ago. the bank of korea hiked its key rate in november of last year and is expected to stay on hold for a while. here is why. at at this chart that shows 2% inflation target. it shows how the key rate has come down five times. five times since 2015. in 2017. spiked now it is far below the target. the next ring to look at is the economy itself. what is going on? according to this chart, demands look weak because we will see the output gap. it has been negative for six years. showing this difference, this negative difference. it is a sign of the economy is not so strong and pushes inflation higher. i think, in the light of all of this, the next focus will turn. a press conference to hear what he has to say about all kinds of things. betty: what is he likely to say? kathleen: the consensus is they the rate this next three in next quarter of this year. the question is will the bank of korea change its 2018 forecast f

kathleen, thank you very much. kathleen hays our global economics and policy editor.eeds to take steps to address global concerns about his trade practices. exclusively toke bloomberg hours before the u.s. issued its $50 billion tariff hit list for tariffs. >> it is unfortunate trade tensions are rising where global -- for the first time in a long --e, trade is glowing growing faster. it is spreading recovery around the world. the trade tensions, they arrive because people feel as though trade is unfair. it the advantages being gained by other countries. and that is causing them dislocation. we need to understand that dissatisfaction that is leading to these trade actions has a reason. thehe same time, we think differences should be settled through cooperation and through dialogue. and that is the way to make sure that trade continues to grow. that market access increases. but on a fair basis. would think the u.s. has a point when it comes to china. it may not be the most appropriate. david: the u.s. is not alone in being concerned about chinese trade practices. if yo

let's bring in kathleen hunter. political risks are substantial, critically with the midterms approaching. kathleen: we poke into looking to hang on to the house and senate. what they are going to be looking at is how china didn't tell you. if china does retaliate by putting tariffs on u.s. products that are made in world areas, whiskey, a pork and lot of those areas are represented by republicans and so republicans are going to be going to the polls to defend these tariffs which could be causing some have a desk causing some have it to people living in the districts. matt: does it factor into the nafta negotiations? definitely. anytime you have this question of whether or not the u.s. is going to be escalating trade tensions with a country like china, it does become a factor, specifically we saw that the u.s. is very interested in getting some kind of a nafta deal together in the next coming days before a summit in peru next week. we're having this escalated trade tension in the asian sphere. guy: tell me what you

kathleen: certainly not.officials saying what many people would say is obvious, many asian nations would love to have the u.s.-backed, but donald trump did, when he first took office, say that is it your the deal is not working. it is interesting what he said today came as part of a meeting in the white house with republican governors, republican lawmakers from agricultural states. how about that? donald trump saying, we are really negotiating with china, they are treating is fairly, i think they want to. this afternoon he said the u.s. and china may not end up levying tariffs on each other. the gop leaders are very concerned that if china retaliate, particularly against united states farm exports, that could be a big deal for farmers themselves, and after the ben safed heard from from nebraska, a big farm state, and he had this to say about the deal. >> i think it is really good news the president has been listening to a number of his advisers and to those of us who are here today. he say he will deputize ag

thank you so much, kathleen hays, our global economics and policy editor.cific trade step widens. possibilities. stratford is one of the world leading geopolitical intelligence platforms. headlinessee so many back and forth, day to day and a tit-for-tat between u.s. and china. we here about trump, is he or is he not trying to pull out of nafta. what do you think we are missing in all of these headlines? roger: if you look at this administration, it came with the strategic idea that it needed to fundamentally alter u.s. trade agreements across the board. not only because of the concern of trade deficit, but because many of these trade agreements were built in a very different world with different supply cames, and at times, nafta into effect before the was an iphone. how do you understand modern trade without it? the challenge was this idea it would threaten in a very extreme manner and use that as a starting point for negotiations. that i think has left people very uncertain about the potential outcome. betty: what do you think the potential outcome will be

kathleen hays, thank you for joining us from tokyo.g down to this historic meeting in panmunjom. let's look at live pictures. we have been hearing that president moon jae-in is minutes away from entering. are expected to see kim walking across the border to be greeted by moon jae-in. it is 9:30 local time in seoul. it is a first-time a north korean leader would step in to south korea. and the first time the leaders since 1953. we talk about the symbolism, from the walk across the border, using the soil and water from both the north and south, even the menu itself. they picked up a potato dish from kim jong-un's boarding school days in switzerland. we are looking at things more substantive as well when it comes to denuclearization and a potential peace treaty between the two koreas. ramy: the handshake, the first eye,ng, vaitai, -- eye to between these leaders. the ultimate potential hoped for, denuclearization of the korean peninsula. kim jong-un will not want to give that up, unless he has promises, from the united states and donald t

fuss.g us, dan also, kathleen hays. dan, always good to see you.t least today maybe you got your wish. you do not know how these things will go. in context, if the fed continues to raise rates based on their normal procedures , you would anticipate the short rate will go up another six times or so, may be more. -- maybe more. how high? i do not know. has the 10 year been higher than that? yes, a lot higher. the long end of the market you get quite a bit of purchasing of long bonds of treasuries. corporate's to do liability tight matching for pension funds for derisking. that is heavy demand. until the treasury's pickup, which they will, we use a treasury-forward forecast, it will be harder at the long end. kathleen: i would like to ask you, this was your annual press function earlier today in new york. you said he could go above 4% by 2020. a very important track that could change that picture. you said your biggest risk is not the economy, it is geopolitics and politics. what is the trap that could stop this rise in the yield and maybe turn it int

kathleen hays here with more.wth weaker in march but it is wages that piqued our interest. both of those things happened, you are right. winter weather, people still see a report that to a certain extent could have been impacted. the federal reserve will put that to one side as jay powell signals more rate hikes. let's look at some of the details of the report. the nonparstart with zeros. they rose 300,000. bad weather, construction workers, all kinds of things can hurt that. february we had unseasonably warm february whether. then you got the job report of a surge of over 300,000 workers. unemployment steady at 4.1%, howard -- average hourly earnings were up. pretty good number except production workers who make up 80% of that pool. 2.4% their wages stuck at year-over-year. jay powell says the economic outlook supports gradual rate hikes. the labor market is not yet overly tight. that is the gradual part of it. seeing good business investment that could help them move ahead. let's jump into the bloomberg and look

kathleen hays from new york. let's get to the beijing response.ef north asia correspondent stephen ingles with me. said?ave they i'm sure they can meet our match and that they will respond. >> the news agency on the heels of this news that donald trump could add another $100 billion in tariffs against chinese products to the united states, the news agency saying that fire late's international trade rules, reiterating china will defend its interests against u.s. actions and to extend this game of poker analogy that kathleen hays was talking about. in, you push your chips don't expect the other player to also push all in. $100 billiont it, in addition to what trump has announced. there is a 60-day consultation and they still have time to discuss and negotiate. i would not say bluffing tactics, but negotiation tactics. if china were to respond to today's news from donald trump, adding another $100 billion, that would cover the entire exports of the united states to china. in 2017, 100 $35 billion of products were exported to china. if china as $100 b

. >> brangham: kathleen clao , whatu make of this, the head of the e.p.a. renting a room from a lobby head of a lobbying firm. what are lithe imtions here? >> so federal employees are prohibited from accepting a gift, including a discount from anyone with matter before the agency that they wok r. and in addition to that, a presidential appointees are prohibited from accepting gifts from regloistereyists. it appears that prosecute -- pruitt, the e.p.a. head, may have violatth of those provisions. >> brangham: so the idea if you get a rom orntal agreement well below market value, that's really the lobbying industry giving pruitt the gift. hat's right. the difference between the market rate and the rate thatd pruitt paid wo considered a gift under the gift standard. >> brangham: understood. eric, you're the one, as i mentioned, that broke this story about e pipeline, that enbridge inc. got. they got a waiver from the e.p.a. while pruitt was renting this room. can you tell us a little bit more about that situation? >> what the e.p.a. did was to tell the stt,e d

and kathleen clark teaches government ethics at the iversity of washington st. louis school of law. welcome to you both. eric lipton, first off, before we get to the pipeline deal, can you just explain a little bit t more aboe housing arrangement that scott pruitt had? what was going on there? >> sure. so he comes to washington ving lived in oklahoma, where he was serving as the attorney general. he's not lived inshington full-time before. and he was looking for alace to live, and he knew the chairman of this lobbying firm because he had an oklahoma tie. somehow or other he ends uprr getting anange. where he's going to rent a room in this condo for $50 a n and only have to pay on the nights that he's there. if you look around theig orhood in capitol hill, that's significantly less than it typically would cost to gt either an airbnb room or even if you multiply that times for what it would be for an apartment. so it seems like it was an attractive deal. the issue is that same lobbying firm has a whole host of clients issues before the e.p.a., oklahoma gas and electric, colonial pipel

, who prosecuted both steven avery and brendan dassey, says he's undaunted. >> are you afraid of kathleenot involved in the case anymore. i shouldn't be afraid of anything. my involvement -- >> she could unravel your work if what she's saying has some weight to it. you don't think she has a chance? >> i don't. >> she's so confident. why are you so confident? >> because we spent 18 months pug is cetogether. it wasn't just thrown together. it wasn't a bunch of keystone cops. it was done very professionally, very well. >> kratz does have personal regrets. in his book, he admits to past prescription drug abuse and says he's ashamed that he sent sexual texts to a domestic violence victim two years after avery's trial. a scandal which led to his resignation. while he still takes issue with "making a murderer," he says he's moving on with a new life and a new girlfriend. >> i'm hoping this book will change the narrative. >> meanwhile, avery continues to fight and brendan dassey could be released soon, after more than a decade behind bars. perhaps for a new trial. but with all the talk of guilt o

1968: american turmoil looks at the politics of that era with former maryland lieutenant governor kathleen kennto