my question is miss kathleen kennedy.ould you agree that every time the republicans get into the white house, we have chaos and economic mayhem and i appreciate you and your dad and your own good intentions and good human being. >> thank you, glenn. >> thank you. i appreciate -- obviously, i am a democrat so i think democrats who are parting the belief that government has a role really makes an effort to make government work and look effectively. i think that's a different attitude than some of the republicans have. now, i think we all agree that we are not talking about present politics but i would say the current presidency epiphany being ahead of the government that does not want to work well. >> whoever ends up come ing after trump would have to fix what's happening right now. >> next week we'll turn our attention to conservative politics and nomination of richard nixon after his defeat in the 1960s to john kennedy. craig in tulsa, oklahoma, you are next. >> caller: yes, it is an honor to speak to a kennedy and i alwa

kathleen: it does.ey, outgoing president from new york, speaking, then hours after him, john williams, president of san francisco who is the incoming to replace bill dudley. they both said the same kind of thing. the target for inflation is soft, above 2% or below. let's listen to bill dudley from friday. >> i would not declare victory yet. inflation goes up and down month to month, but we have made progress, and i am happy where we are today. kathleen: i sat down for a special edition of "bloomberg best, a live interview with dallas fed president rob kaplan at was at the conference stanford university. he had some interesting things to say. he thinks wages are rising for lower paid workers. that will start showing up in the data. he also said this is pricing power that is the weakest yet seen in his professional career. that is saying something. he is still in the camp of baseline, three hikes total, two more this year. i said one of inflation doesn't pick up? he opened the door to that but not in a hu

joining us from west palm beach is kathleen kennedy townsend. thank you for being here, we appreciate it. >> live sunday morning, america in turmoil. we look at the impact of the vietnam at home. while the war was fought in the jungles of vietnam, civil disobedience on the streit and the epic battle to survive the vietnam war and. watch 1968, america in turmoil live sunday at 8:30 eastern on cspan washington journal and american history tv on cspan 3. 50 years ago on march 31, 1968, president johnson announced his decision not to run for reelection that year. up next on real america, lbj's entire 40-minute address from the oval office. he begins by outlining the steps to limit the war in vietnam. >> each week american history tv real america brings you films that provides context for today's public affairs issues.

so good to see you, kathleen, you and your family have been very much on my heart. my husband was a high school senior in maryland in 1968, and last night he was showing the picture, the so long bobby picture on the arts and style on the washington post picture to my daughter elizabeth last night, and telling her a little bit of the history of that time and i just wanted to say hello and glad to hear you celebrated your mother's 90th birthday and hope to see you back in this area sometime soon and my brother andy strayhorn sends his love as well. >> very nice, susan. >> we're looking at 1968 and the democratic primary. here's anxcerpt. >> robert kennedy had decided to run. >> with the decisions made by this convention today, with our hopes and the world's hopes for peace and balance every day -- >> he did not realize that they listened to the program he was about to tell a nation he would not run for the presidency again. >> accordingly, i shall not seek and i will not accept the nomination of my party for another term as your president. . (music)). >> the vice-pres

and of course, kathleen hays.mberg subscribers, 's speech.or coverage starts before it :00 a.m. hong kong time, about 20 minutes from now. the morganhad to stanley china summit where trade is a sharp focus after trump's latest terrorist threat -- tariff threat. this is bloomberg. ♪ yvonne: this is "daybreak asia." i am yvonne man. i am david ingles. jpmorgan kicks off its conference in beijing. china's economic growth and things happening globally. let's go to the event where our correspondent tom mackenzie is standing by with our first guest. david, yes, thank you. it is the fourth summit were morgan stanley. great china economist, thank you for joining us at the summit. let's start with political rumblings in italy. europe has been a key source of demand for chinese exports. how do the political rumblings in italy and the chance we are going to see another path to the eurozone, how will that improve the demand picture for china? [indiscernible] in view of the increases, we think chinese policymakers are facing d

joining us from west palm beach is kathleen kennedy townsend. thank you for being here, we appreciate it. >> live sunday morning, america in turmoil. we look at the impact of the vietnam at home. while the war was fought in the jungles of vietnam, civil disobedience on the streit and the epic battle to survive the vietnam war and. watch 1968, america in turmoil live sunday at 8:30 eastern on cspan washington journal and american history tv on cspan 3. 50 years ago on march 31, 1968, president johnson announced his decision not to run for reelection that year. up next on real america, lbj's entire 40-minute address from the oval office. he begins by outlining the steps to limit the war in vietnam. >> each week american history tv real america brings you films that provides context for today's public affairs issues. president johnson would call for a far reaching decision. the president had been aware of a grows divideness in the country, if americans would work together laying aside their differences realizing the nation's true potential. it woul

kathleen, known as kick, and jack.lls 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 himself. it gave him a kind of freedom to be a kid in a way that i think it would have 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 seizes 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. that was the patriotic thing to do. sure enough, joe ke

. >> jack and kathleen were the closest.h troublemakers and fun and had each others backs. >> she was popular among boys because she was vivacious and charming and funny and spoke back and had opinions. she did sort of stand out. >> as america enters the war, joseph seizes an opportunity to restore the kennedy name. >> once the united states was in war, he was smart enough to know there was no stopping him. they were going to go in. that was the patriotic thing to do. and joe kennedy helped them. >> air cadet joseph junior reports for preliminary training. >> he was the oldest son and the most beholden to please dad and he wanted joe junior to be president of the united states. >> a young man who saw -- >> unlike joe, jack was not dutiful. he had a rebellious streak. gala vanting around and chasing girls. and he was sick a lot. >> when jake is two years old, he contracts scarlet fever and he is basically sick for the rest of his life. bad knees, chronic colds, you name it, he had it. >> jack gets an office job in the navy in

kathleen: that is so true. the roost, they're cautious about rate hikes in the dovish camp, but with her speech today, she has shown she is a centrist, maybe hawkish, but also cemented dissents there's a generation hike coming -- this sense there's a generation hike coming. after some time, they modestly are beyond neutral. she disagreed with jim right there. she called neutral appropriate. jim says do not do it. she sees tax cuts and spending boosting gdp, but she downplays the curve as an indicator of fed policy being overly tight. although, she does say it is important for the fed to recur inflation at the 2% target. i think there is differences, yvonne, and ramy, between them. but, jim is the lonesome dove on the f1c right now. ramy: and he is confident. he stands on his own until he doesn't. our kathleen hays, policy editor. they rallied as trump imposed steel and aluminum duties on key allies while the yen and it back gains. agreement totaly's form a government soothed investors. but dive into the markets

right, local economics policy editor kathleen hays.tt held the they delivered everything from guns to elon musk to the future of media as well. but go to our finance reporter catherine. she joins us over the phone. thank you for joining us on the program. it seems like buffett and his partners had some divisive and political issues. they were able to dodge these questions. not escape the kind of political rhetoric and questions that came up based on a lot of the ceo's recently. they were asked about their views on guns, trump trade policies, generic quality, but they navigated it carefully. buffett really spoke with his view on guns that he said he doesn't think he should tell berkshire managers how to influence their views on that, so i think they carefully sort of worked their way around dicey issues. , catherine,ssue buffett seemed to take on elon musk, telling him that they have got advantages. he was making the point that companies that make the most still have an advantage in this economy. he was taking on elon musk there. kather

i want to mention, kathleen kennedy has already been introduced, and kathleen can give you some first-hand knowledge of president kennedy and what it was like growing up with president kennedy and his family. also, ladies and gentlemen, we must not fail to note the presence here tonight of one of president kennedy's most important and valuable advisors. harris wofford is here today. [applause] kenneth: any history book about president kennedy discusses harris wofford and his role in the administration, especially in the area of civil rights and what he did. he also went on to be a senator from pennsylvania and a very close friend of the kennedy family and ted kennedy. and that he is here tonight is an important, i think, part of any discussion of the legacy. the u.s. centennial commission, which i chaired, fabulous. talk about bipartisanship. that is bi-partisan-ship. here are the members. try getting this done today. here are the members of last year's commission. senator markey, senator mccain, senator hatch, house majority leader kevin mccarthy, congressman joe kennedy, congresswoman el

david: welcome to kathleen , to be clear, kathleen is in boston. carl, let me start with you.t string of speakers saying inflation will run hot. is this symmetry? >> this is the symmetry angle. they're willing to tolerate overshoot. they keep reminding us 2% is the objective, not a ceiling but a target. all of this language reminding they will let it overshoot to a degree. even so, they did less than they could have. i disagree it is mission accomplished. it is almost a accomplished, given the language changes in the statement. they are expressing doubt that they think we have arrived at 2%. this is signaling a very confident, show me fed, that will move very gradually and it will take a lot to bump them off their perch. confident but not as confident in the growth picture. kathleen: there is a lot of uncertainty out there, particularly with trade issues. they cannot tell what exactly is going to happen. that is the area where there is less confidence. alix: that was an interesting debate after the minutes. it implies fiscal growth we're expecting, strong global growth will no

yvonne: kathleen, thank you.t trying to woo voters with the promise of tax cuts. is covering the release of that federal budget, which came out yesterday afternoon. we knew we had weeks leading up to this. were there any surprises out of this budget? paul: often there are surprises, but not this time. pretty much we found that everything we needed to know before it began. we had a tax cut, that was well flagged. for low ton a year middle income earners. there will be no 37% threshold anymore. that will be eliminated. $41,000arning between and $200,000 by 2024 will be paying the same rate of tax. 2019, 2020, [indiscernible] only $2.2 billion. mentioned, a strong set of numbers. the government will take to the election. there will not be another election before polling day. we do not know when that is. betty: this budget relies on important assumptions, right? paul: it does, they all do. the key assumption in this case is wages growth. there is an expectation wages and grow 2.75% this year 3.25% by 2020. of evidenc

kathleen hays there for us. the former malaysian prime minister has been questioned about the scandal with the investment funds. it was part of a renewed investigation into melting billions of dollars. let's get more from the chief international correspondent. how serious has this become? it is serious. the investigation is gaining momentum, and the agency said the man will appear for questioning on tuesday, and the investigation involved the former 1mdb subsidiary. we have been told by the agency that it has rejected a claim by the former prime minister's lawyer that it was recorded at his home. as with reporting, investigations have been reopened, and they have said the scandal is much worse than initially thought. speaking with the coalition leader friday evening, he wants to throw his weight behind the prime minister days after being released from prison. said they charges, he man is fully behind malaysia's reform and gender, and there was a common desire to address widespread corruption relating to 1mdb tha

de verdad muchÍsimas gracias por develar estos secretos de la historia kathleen muchÍsima suerte con todo color, muchÍsimas gracias por acompaÑarnos, maÑana nos vemos aquÍ al mediodia hay mÁs noticias a las 5 y a las 6:30 por telemundo, buena tarde. >> ♪ (mÚsica) ♪ >> ♪ (mÚsica) ♪ >> [♪ tema musical ] >>¡miguel! [♪ tema musical ] [gritos] [♪ tema musical ] >>muy bien. ¡ay! ¿listas? >>no. >>¿cÓmo que no? >>pues no, ¿quÉ hacemos? ¿quÉ le vas a hacer? >>¡ay! tÚ quÉdate aquÍ

kathleen: that is what these policy statements can be all about.at a fed meeting when there is no press conference, ruling out entirely the fed would make a move on rates, the question becomes, what happens beyond? these subtle changes of working, with these fed officials right these policy statements, they know everyone around the world will be parsing carefully. movedd said inflation has close to 2%. not exactly beating the drum and dance, suggesting they are ready to step up the pace of rate hikes. let's look at this chart on inflation. yellow line, 2% is the target. at 2%.'s key measure is energy measures very close behind. bloomberg economics pointing out the quarter is not quite there yet, may show the fed is not entirely convinced they are firmly at the target. sustainable? the chart showed you in the last year the fed got to 2%, then fell below at 2%. perhaps they are being cautious. something in the statement they look at closely, they talk about a symmetric target in the past, but they sustainable? added this word "symmetric" in this stat

haidi: kathleen, thank you for that. the bank of england is coming up later this week.eported weaker earnings in its first quarter of a looming deal to offload and timid assets the focus off the headline results, that spring get our limerick intelligence analyst from princeton, new jersey. how do we expect this to shakeup? >> the key to how this plays out on how another drillship so which is the at&t acquisition of time warner. all the legal hearings are done in that deal and we are waiting for the june 12 verdict from the judge was going to roll either for or against the deal. depending on how the ruling goes, that is going to be the point when comcast actually might make a formal bid for the rest of 21st century fox. we are waiting to see how the at&t deal shakes up. haidi: i wonder why it would fox potentially prefer disney over comcast if we're looking at this all caps off are from comcast? >> comcast has already made an offer and made late last year for fox that they were turned down. there are a couple of different reasons. roads fox thinks the towards regulatory

kathleen, thank you so much.e of special the latest fed rate decision on bloomberg television tomorrow. join us then. betty: up next, how will the rising interest rates impact that u.s. housing sector? this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." betty: apple boosting its share buyback plan by $100 billion on top of the existing $210 billion i back program, returning more money to shareholders and also the benefits from u.s. tax cuts. i want to bring in metro shall. helle. -- mitch roceh it seems like only time. these companies are getting big tax breaks and are going to give it back to shareholders. >> many have given it to employees. let's not roll them out. referred to as a one-timer. i don't think it is. a lot of companies as they get the benefits of tax cuts will --tinue to share it to their continue to share it with their employees. it makes sense. investing in your own company. employees benefit there as well, with a 401(k) plan. betty: is all of this for the u.s. economy? is it a job i

and of course, bloomberg's kathleen hays.is bloomberg. ♪ is bloomberg. ♪ ♪ haidi: the final trading wa day of the week opening here u.s. stockse had giving closing pretty fruitful session, ending the day lower. sydney is higher by about .25% as we get to the open. i am haidi lun here in sydney. betty: and i am betty liu fewer in new york, you are watching daybreak australia. let's get to the first word news with jenna. >> reports from washington to say that china is ready to extend an olive branch on trade. >> the new york times has beijing is offering to reduce the trade deficit as much as $200 billion annually. >> the news is yet to be confirmed by the white house or .y beijing , but sources close to the talks say that that is what is on the table president trump originally asked china to cut $100 billion off the trade gap. has rebutted his national security adviser, saying that libya is no model for north korea. john bolton had said that nuclear disarmament should follow the libyan model, accepted by more muamar qaddafi, w

kathleen is here with more on that. this could signal that the fat ?leen: well, we are closing on the next meeting in june, and a lot of people are thinking that they might pause, because inflation is going to rise, has been people are convinced. consumer pricing index is the second most important indicator, continue tohan accelerate, it has paused in the latest month. let us look at this chart, i think the chart is a bit different from the others would have been showing tonight that it makes an interesting point. look at the core cpi. take food and energy, oil prices listed it up. for two months in a row, it is at 2.1%. what the chart shows, the turquoise line showing a three-month course of the, it acceleration.n the question is, does this leveling off in the year over year suggest a trend of acceleration being over, or will it continue and help to let higher? that is what we and that fed know.doesn't we know that the core cpi was held down by lower prices on cars, cable tv, many things. so maybe surprise pressures are coming out of the economy now.

as kathleen was talking about, same goes for the ecb.e a similar, between rock and a hard place. stop or talk about stopping buying bonds with italian yields that have gone skywards and have come slightly back down? spanish portuguese yields are up. buying, youour bond put those countries, all of which have a lot of depth coming, in a tough situation. -- ie basics backed strongly suspect that the ecb will participate in their favorite sport, kicked the can down the road. wonder in this environment if can kicking isn't such a terrible thing. workeld: it might politically as well as economically. haidi: pmi, what are we watching? wereeld: that is one thing asian traders can forget about italy and focus on serious data coming. the most serious is the china pmi. that people in the fourth quarter of last year, and came down, and collapsed in february. that was influenced why the holidays. that all came at a time when stocks were trading down in asia. for thems are looking many fracturing gauge and traders will be hoping that it will get a sli

kathleen, the global economics and policy editor. malaysia's new capital taking shape.he investigations, live later. will dig into geopolitical risk with the amt capital investors senior economist. this is bloomberg. ♪ st. this is bloomberg. ♪ good morning, i am betty lou in new york. haidi: i'm haidi lun. you are watching daybreak australia. president trump has ordered the u.s. commerce department to get back into business, weeks after cutting off from the u.s. ,uppliers area a major reversal who have constantly said china is stealing jobs. usbal growth upturn, joining seniortal investor economist. thank you for joining us. we talked about this marathon, not a sprint when it comes to trade. you think investors are putting food on the fire, or are they -- >> i think over april we definitely saw that investors were taking trade as a backseat because there wasn't much news .ut from that side investors were taking comfort in the economic data which is good over april, but the issue is in may we are going to have to see some resolution around with the u.s. is going to do ar

kathleen, thank you for that. we will be watching as australia gets underway on friday. deputy bureau chief is here with us. is an extraordinary result that we have seen a malaysia, this 92-year-old, the world's oldest leader, for a second go for a different party. in terms of the headlines, what are the implications for this? we saw a knee-jerk reaction. >> good morning, haidi. absolutely. certainly knee-jerk reaction. if we could take a look at this chart, it is illustrative of this uncertainty. 5529 which shows us the offshore malaysian markets suggests that when the onshore market opens we are going to see a drop in the 4% ass, three percent or they -- 3% or 4% as they react to the malaysian election. the potential volatility could cause it but there seems to be a and they on the ground wariness of investors on what it might likely bring. the key question is, people have long memories and they will remember he was the guy who slapped a peg on the currency in the wake of the financial press --crisis and a whole bunch of more market he is friendly. he is talking positi

kathleen: you mean the dot plots?d you are giving forward guidance, that is one thing. that we are not at zero anymore. we never gave forward guidance of this nature in this kind of situation where you are well off ciro and it is not -- off zero and it is not clear where rates will go the future. i think piling up these rate hikes over the next two years or three years or something like oft is some -- as some kind inevitability, we should not be doing that. rateould say we have the about ready to be today and we will monitor developments and we will react to what happens in the future. that is how we would like to frame this, i think. kathleen: john williams, incoming president of the new york fed spoke to bloomberg today. one thing he said interesting was that forward guidance, maybe it's time to put down to bed, to end the market handling. do you agree that? >> one thing in the statement is that monetary policy remains accommodated. we use that same line when we were at zero. now we are way off zero and we're still

kathleen hays here with more. start with the latest on the trump's team change of heat on zte. kathleen: this is one of the reasons why donald trump is saying he is not pleased with what has happened. there has been pushed back on moving away from tariffs. it is not surprising because we know after this latest meeting between the u.s. and china trade teams, this seems to be enough progress made. let's put the tariffs off to one side for a while. china is announcing the cutting of tariffs on u.s. cars. this is all positive. the next thing we learned from donald trump is ys, he is reconsidering the u.s. penalties from the commerce department that has basically shut down telecom giant zte core business as a favor to xi jinping. he said he asked me to look into this. he says he knows these penalties are hurting u.s. companies. they cannot sell their components to zte for seven years. zte needs this to make telecom equipment. trump also says we also put stiff demands on zte. a whole new board of directors, a very large

let's go to kathleen hays in new york with more. seen these bond markets basically have blown up from europe to the u.s. are these market moves justified or the investment fact of the fy leaving the eu overdone at this point? kathleen: sometimes you sell first and ask those questions leader. we don't call it a technology but the fact the u.s. markets were closed for three days, so much happened over the weekend crumbling ofhe what admitted a coalition. all these markets were hit very hard. i want to start crumbling of what admitted a coalition. with one of our bloomberg library chart, which looks at the 3% yield. i love the title. story.a big the end of the bull market in bonds. the end of the bull market in bonds. all it takes is a little bit of a heating up of italy's deepening political crisis. yields got as low as 2.77% on the benchmark 10 year yield. the other thing that happened was the way italian bonds blew up. the italian-german benchmark bond spread just blew up like crazy. it actually echoes that very famous two-year yiel

kathleen: that is an interesting question. other developments around the world, but it remains to be seen. they did hike their key rate at a quarter-point. the rupiah hit a low. has beennt -- descent swift. we will see how they took their seven-day reverse repo rate from 4.25% to 4%. a steady course since the middle of 2016 of rate cuts that did not seem to roil the rupiah much. haveast month or so, em's sold off, emerging markets have been hit. here is what the governor said about this move. bank of indonesia will continue to monitor economic development and is ready to take stronger measures to make sure macroeconomic stability -- their statement said they are vigilant of global risks like rate hikes, rising bond yields, oil prices rising, trade tensions. bloomberg economics writing today thank indonesia may have to hike of that key rate as early as next month. generally speaking, emerging markets are all facing these risks. one of the biggest, nations that have current account deficits. before the last financial crisis, a l

kathleen hays with a roundup.ank of malaysia, the philippines, they face different economic landscapes. how will that face this -- how will that affect the central bank's decision? inhleen: it will put them different camps. we will start with of the bank of malaysia. after this historic election, a 92-year-old makes a big come back to take over as prime minister of this important malaysian nation. we have been hearing this all morning, on how the markets are reacting to this unexpected victory. questions about fiscal policy, since they have talked about removing the goods tax. this would white in the budget thecit -- this would widen budget deficit. it should keep them on hold with bank negara. the economy is slowing. i want to start with -- you will pull up my chart for me? central bank, look how high inflation was, the turquoise line. it was well over 3%. the target was 2% to 4%. now the inflation rate has come down sharply. that gives them plenty of room to rest. a ray of hope for malaysia is higher oil prices.

here's kathleen hays. one void was least raising a big questions. bullard,ined by jim president of the federal reserve bank of st. louis. another special show featuring you. >> thanks again for coming out. t-rex i have to thank you for the very interesting presentation you gave on friday where you signaled caution on monetary policy. five big reasons you think the fed should not continue to hike rates. broadly what are you so concerned about? what is the risk in fed move? rateshink global interest are still low and i think we have to keep that in mind and so what's normal today is lower than what it has been in the past and people have been talking about this for quite a while. we can't lose sight of that. it seems to me of all the cautions the most urgent one is yield curve flattening. you said that it is getting close to crunch time on the yield curve. it could actually invert relatively soon. what is driving it and why is it happening? >> if the effect goes up three times threat the rest of this year you have to ask yourself is the 10-year really

kathleen: on hold for now. they have had two consecutive weeks of talks. news mnuchin was on fox sunday. here is what he said about waving a white flag for now. >> we are putting the trade war on hold. right now we have agreed to put the tariffs on hold while we try to execute the framework. the president has been clear since the first meeting in to-a-lago that we are going reduce the trade deficit. we have an agreement with china that they will substantially agree to it. let's remember what the u.s. has been saying it wants out of these trade talks. it would be good for the u.s. and china as well to become a more fair trader. big cut in a pretty a very short time. please stop stealing intellectual property. you must is not the only ones complaining. the threat is $150 billion of tariffs being put on chinese exports to the u.s., which would be a big chunk of that $370 billion trade deficit that the u.s. runs with china. speaking of tariffs, his chief economic advisor was on face the nation and was asked specifically if the threat is still there. he said ta

we will talk to kathleen in a little bit.tate ond we heard fficials say they will let inflation run a little longer. taking a hit at the dow falling by winter and 70 four points, to s&p also lower as you can see him and the nasdaq also in the right. ed. to as much as other indexes, but setting up for a softer session in asia. paul: it is going to be an interesting day here, but trading in new zealand is getting underway and has been for a couple of minutes now. the currencies have been. moving around in the wake of the fed decision the kiwi settling below $.70 u.s., and australia it is looking quite with futures pointing higher only at four points, and the aussie dollar also settling below $.75 u.s.. but it a quick check on commodities, gold clinging on by its fingernails to the 1300 level" slipping below $68 a barrel as u.s. inventories rise. we have breaking news for you bank,ational australia give me a moment for like it the right buttons here. out national australia bank with a earnings cash profits of $3.29 billion at th

kathleen: she said she also asked the u.s.ken against china could slow their exports to the u.s.. we are their biggest export market in the united states and i could slow down gdp in the second half the year. i think the pressure is on both sides, including china. they have incentive to head off any trade war and move down a reconciliation evolution, something that could get them to a place to agree. yvonne: since days after the beijing delegation u.s. delegation can tidenation, so that is a positive sign. we talk about how high these demands are, at with this china went and did they get it? the chinesethink would like to say back off, this will take a wild, give us to figure this out. the head of the people's bank of china was interviewed earlier this week saying china's huge principles with the u.s. must be addressed rationally. here is a list of what china wants. stop the investigation by the u.s. of china's tech acquisitions which the u.s. considers sensitive. but just export bans on gte corp. exports to united states. the

yvonne: kathleen hays there, joining us from new york.reaking news we just had from sony. the company is buying out emi music publishing for $1.9 $1.9 billion. they will pivot into the lucrative entertainment and subscriptions. let's go to tokyo now with ray stevenson. tell us more about the deal with emi? how does this fit into the three-year plan of the new ceo? ray: it is a perfect fit when you think about it. we knew the emi deal had been in the works for a while. so in and of itself isn't a surprise. but the timing is interesting. lesse about to hear in than a while from sony's new ceo about his land for growth. and essentially what he will be talking a lot about is on content and services. sony underwent a five-year turnaround under the last see up -- the last ceo where it transferred from all the traditional hardware -- televisions and gadgets -- they were all kind of turned into businesses that were much less of a focus for the company. now the question is growth. yoshida, ast -- and a new ceo, growth will definitely be a part. be

kathleen: it is interesting that the system was not already in place.ould break the law and get a job at another bank. so this same kind of thing has been talked about in new york for the last year. it seems like bankers are moving in a very important direction. hays, ourthleen editor in new york. be careful what you say in front of alexa. she might be recording you. amazon says a series of miscues activated a voice in a private conversation and it resulted in the chat being reported -- recorded and sent it to a contact without them knowing. spencer, this story is alarming. how did this happen? spencer: it is probably freaking people out and they are burning their echoes in the yard. amazon has finally explained this. there was a news report with a limited explanation earlier but they have clarified their investigation. they say this couple was in their home, the device was plugged in, they were having a conversation in the background, not directly commanding alexa to do anything. somehow for the conversation, something sounded like alexa, so the device

rishaad: kathleen hays in san francisco.ave special coverage of the latest fed decision on bloomberg tomorrow. do join us for that. bloomberg users can also interact with those charts we just saw kathleen use. just go to g tv . this is bloomberg. ♪ ♪ rishaad: we are back. a look at the latest business flash headlines. u.s. treasury extending until june 6 the deadline -- it is authorizing transactions necessary for the 50% more to the vest -- divest. shares jumping. third-quarter revenues climb 7.5 %. $3.2 billion. it is ordering six additional boeing liners by the end of 2020. india is extending the deadline for buyers to bid on the international carrier. the final date for the offer is being pushed back two weeks to may 31. the government still has a 76% holding in air india. growth in macau has topped estimates as casino revenues jumped 30% in april. speaking to bloomberg, he said unlike in previous years, mass-market players are significant drivers. basis, thear-to-date growth rate is higher than any one of our expect

kathleen hays here with more.talk to us about what they said. >> what we have here to a certain extent is jim bullard against the consensus of the open market committee. a masters spoke first of the global center event in paris in later with francine on bloomberg television, she said that inflation, the goal of 2% has not been fully 2% inen though it touched march and she is concerned that may be some of the change here is temporary due to oil prices. nevertheless, she endorses that steady rate hike path. >> we will see some variation over time. it does not necessarily mean that we will shoot it off here. i don't see that happening. i think it's going to be a gradual process. and therefore, the fed will stay on a gradual upper path of interest rate. >> even cautious and gradual is possibly too much for this u.s. economy. he gave a very important presentation on friday, repeated some of his points on monday today in new york. i will be speaking to him on wednesday to flesh this out. inflation expectations are still

kathleen, thank you so much.e will stay on that, because investors have been cheering the easing of trade tensions between washington and beijing, that sense the stock market higher and the dollar lower. at the same time, treasuries studied while the safe havens tumbled with the yen and the dollar. brian jacobson is here, from wells fargo. so brian, let's take the headlines first, where he is against the tone of wait and see, we need to see more data. there is still slack in the labor market and perhaps the fed, if they raise rates too quickly, could jeopardize field curve. what do you make of that? >> it is a minority view, but i think it is a reasons view. it is interesting the diversity of opinions you have from the fed officials. you have master, he was there last week talking about not just a little bit of inflation overshoot, but allowing the federal funds rate to overshoot the long-term, or what they view as being neutral. yet you have bullard and kashkari who are saying, let's wait a little bit and see th

and thirty three stand approximately of their payment of their gross penny not now their gross is kathleen per week inskeep not by two people and their pain than the loans of a turk in order to come to canada how many are people who i go into service that they're always recess that they need to know that they're not in has a job fewer be stopping and fired so that is an example if you don't pay any get fired of course his name we lose a job and we still have is that pain and mohit him that's a reason to do salary first of all meet with mike fleeman housing because he's controlling the housing or not is how intervening who do you talk to how long you've been out. i want g.m. and i have to reserve you on the phone texting and there and they said we're there texting we know we may do something wrong we ask a question of a supervisor cast lose him. so he's right here is his eyes and ears of the work and eyes and ears of the home so many houses really are not under surveillance and they don't feel coercion and show up on thursday asking for money. every day right here. they are paying back and.

. >>> joining us now, kathleen rice of new york. she's a member of the homeland security committee. thank you so much for joining us. as a former prosecuter, how significant would these audiotapes be to investigators? >> well, now we know exactly why the president has actually seemed more concerned about the michael cohen case than even the russia investigation. he knows how close michael cohen was to him. he knows what kind of attorney he wanted. michael cohen was his fixer. and he probably behaved in a lot of ways that donald trump would want him to. recording other people, to hold it as evidence against them if they don't do what they want. this could be devastating. we'll have to wait and see exactly what is on the tapes, but any time you have tapes, it's not a good thing. >> how do you view michael avenatti's role in all of this? >> i thought it was interesting that he withdrew a couple hours after being in court saying he wanted to be a part of the process saying i want to withdraw now. i think he's probably seeing his value, his best value being in the provocateur. someone go

kathleen hays is here with more. that start with the fed minute. kathleen: it is important.ing over the emerging market, for turkey what will he do for their bond market? if you are concerned about that, maybe you are relieved the fed did signal a june rake clearly. most participants judged an incoming information broadly confirmed their current economic outlook and it will likely be appropriate for the committee to take another step. in moving policy accommodation. thing is theesting fed minutes did not declare victory on inflation. people took it as a sign they will be cautious in raising rates. it was also noted that a temporary inflation above 2% would be consistent with the metric inflation and it could be helpful in anchoring expectations with a level consistent with that objective. a lot of people are saying it is a dovish fed. people say the fed could be getting closer to a neutral rate and guidance could have to be changed. get -- for the fed gradual rate hikes, they have an eye on inflation. but for turkey this is an important emerging story. with the rate hike, wi

is kathleen cleaver.esting, several women said to me, is kathleen cleaver still as gorgeous and i said, yes, she's as nicest can be. she gave me a full day. she allowed me to talk to her while she was entertaining her grandchildren from the sudan, you grandparents know that's precious time and so i said for all these women, i just wanted to do right by then. gay mcgoogle, first black student to integrate the all women's college outside of atlanta, georgia, she was the only one, the first one they accepted and the only one, can you imagine the isolation that she had, she -- after two years she did transfer, she went to bennington and later on became antiapartheid leader in washington, d.c. she helped organize all of those antiapartheid protests, she in her own right and with her late husband john payton and so she's fabulous. when nelson mandela voted, this is a famous photo, when nelson mandela voted for the first time he wanted gay mcgoogle by her side, there she is, there she is today. she also went to

kathleen hays has the story for us. bywas a very dramatic sweep the president. now, and what is the rationale? kathleen: we would have to get donald trump onset, but it is interesting because this is right smack in the middle of the trade talks that just occurred in beijing, on getting ready for another round of trade talks in washington with xi jinping's number one economic advisor. and the zte has a dramatic story. back in april trump ordered the congress department to cut them off from u.s. suppliers because they violated the sanctions against north korea and iran by selling them telecommunications equipment. as that has happened, this has had a very big effect on zte, choking the revenue. they suspended operations. they are saying the next two weeks are crucial, and administration officials told bloomberg that the chinese expected a reversal, this kind of reversal we got on sunday, to be a condition for agreeing to continue the talks with china. here is what donald trump tweeted out. pretty dramatic. let's take a look. areident xi of china and i working toge

kathleen: yes. you had mozzarella sticks...e a trip to greece this summer, and i'm looking for tater tots, cheese sticks, cheddar balls, mushrooms. hummus isn't greek. but what baffled me even more is that the owners, mike and kathleen, were able to convince five other people to buy into this concept. and all these franchises were really struggling. we have yet to make money. the only help we ever got from them was on the first of the month, they came and picked up their royalty check. i'm a single mom. i can't support my family. the original deal was for me to invest $350,000 and own 55% of the business. and so the goal was to help out the franchisees and come up with a whole new concept. now, let me be brutally honest about it. i really didn't use anything from their business. we started over completely, and we created a fast-casual, quick-service concept, and i changed the name to the simple greek. i can one day come and have a pita sandwich, another day come and have a rice bowl, another day come and have a salad. and so th

kathleen hays, thank you. more on those trade talks later in the program when we speak to a form official who says it is not clear what president trump once out of the discussion. that coming up later. next we are going to get the outlook from the markets and the rate path. this is bloomberg. ♪ we are counting down to the sydney open for the final day of the trading week. futures pointing a little bit higher. lead frome a tepid wall street. i am paul allen in sydney. betty: you are watching daybreak australia. stocks rally back and still ended down for the second day ahead of the payroll report. economists think jobs were added with a downward in the unemployment rate to 4%. bryce joins us now. he is a senior vice president and portfolio manager. it seems like the market, investors are still digesting the fed report from yesterday. inflationou think, is the game changer in the market? >> i think it is. we have accepted the labor market is doing well. the game changer yesterday was the fed said we have inflatio

fed president, james bullard, speaking exclusively to kathleen hays.about the implications of the emerging markets. economists at nomura joining us now. we discussed some of the implications. what happens in this tightening monetary policy environment in the u.s. for emerging markets? ofi think that has a lot applications -- implications for was's in the past when qe in place. they received quite a bit of capital in flows, and now, the reversal of that is happening. not just rate being hiked in the u.s., but the balance sheets of the fed being reduced. that would imply capital outflow risks, and these are things that countries like indonesia would need to deal with concerning the amount of inflows they have had in the last years. rishaad: it's all about positioning. because they rely so heavily on the funds, that is the problem, isn't it? the fact that they had not bought themselves in the right place before hand. they knew this was coming. how much does the blame rest on the finance ministry's doorstep? euben: i would say, firstly, the indonesia has a