an effort to break even —— kessler. at the impact of the kashmir conflict on the travel sector. good morning and welcome to this friday edition of asia business report, live from singapore, with me, mariko oi. now, tesla says it will start selling its model three for $35,000 in the united states. it is a promise the company made more than two years ago. it was always hoped this model could be the first electric car for the masses, but to make the numbers work, tesla is shifting to an online only sales model and closing down retail stores in a bid to balance the books. i asked a north american technology reporter dave lee whether this will be enough to make the car affordable. yes, i think that's right, on the good news side they managed to get that $35,000 sweet spot for the electric car, which i still don't think seems particularly cheaper most of us, but many a nalysts cheaper most of us, but many analysts think that might be a good pricing point to bring on a whole new sector of society, frankly, they can now afford

scott kessler. >>> the apple worldwide conference june 3rd. cowen out with a bull iish. krish, thank you for being here. >> thank you for having me. >> this is outside of your coverage universe. why initiate apple >> sure. actually, my coverage is actually traditionally going to be covering the i.t. hardware sector and apple the most attractive name and actually a pretty good time given where the stock is and what it's gone through the last six months. >> so you're going to approach this analyzing apple as a device company? i see here a big part of your argument is about services and obviously quite controversial on the street about whether you can really value this company on that or not given the kind of disclosures they have today and the way they're looking to grow the business what makes you confident about the $220 price target? >> one of the things that's differentiated it is the services side of the business. right? this was about $30 billion revenue business last year touching up on $50 billion next year and it's grown pretty impressively over the last few years

joining us now is glen kessler. glen, great to have you. what is the exact number? numbers all the time. what are we up to this morning? >> well, we update it every couple weeks. so as of march 3 trd was 9,014. >> okay. 9,014. and one of the things that you have uncovered is that the rate of misleading and false statements is increasing. so when the president first took office he was making about 5.9 false or misleading claims a day. in 2018, 16.5 false or misleading claims a day. now in 2019 you're kaunt counti counting 22 false or misleading claims a day. how do you keep up with this? >> it's difficult. we have a staff of three and we just have to monitor everything the president says or tweets and really keep pace with it. we thought we were going to have an easy weekend before we did the last update and then he gave the speech at cpac where we counted more than 100 false or misleading claims. >> that was a tour deforce of falsehoods. so i know you're a fact checker, not a psychoanalyst. but do you have any sense since you studied this so closely, why the number

carol kessler is a member of a support group that looks for lost birds and she feels the inaction of building management was inexcusable. >> there's a picture and video of this cockatiel sitting on the other side of this window which did not open and nobody, nobody who could help would help. i cannot even compute that. it is inhumane. >> reporter: these birds are fragile and diana knows the clock is ticking. she's just hoping a miracle will happen and someone will call saying they found her little friend. in walnut creek, john ramos, kpix5. >> we tried contacting building management but received no response. a search is being organized of the area. >>> coming up the historic dive giving us a glimpse of one of the last unexplored places on earth. ♪ ooh woo, i'm a rebel just for kicks, now ♪ ♪ i been feeling it since 1966, now ♪ mig b n feel it still ♪ ♪ ooh woo, i'm a rebel just for kicks, now ♪ ♪ ooh woo, i'm a rebel just for kicks, now ♪ ♪ let me kick it like it's 1986, now ♪ ♪ might be over now, but i feel it still ♪ ♪ might've had your fill, but you feel it still, ooh woo ♪ >>> a

has bought about 100 homes in five southern states with an infusion of $100 million from investors, kessleraid he expects to expand to 36 states and 2,000 homes this year alone. for chris driscoll, the financial process was pretty easy but he admits there is an emotional downside especially if he's unable to buy it back at the end of his lease. >> the house has sentimental value to me. my parents grew up -- my parents lived on the property, i grew up here so yeah, it would sting a little bit. >> reporter: but there are benefits as a renter too like not paying property taxes, homeowners insurance or any of the maintenance on the home. for now, easy knock is contracting out its rental management business but as it expands, expect to bring that in house as well. becky? >> diana, what's the catch here? if you get to buy it back in five years, do they set the price now? is it some unknown factor five years down the road? >> five years down the road, it's the exact market value of the house. the person who sold it/renting back could actually make money on the sale if home prices are much higher.

american eagle global brand president chad kessler say his brand is number one for women i the u.s.and, quote, growing rapidly. he expects significant growth to nd tinue in both men's women's jeans this year. so why go public now? levi strauss says the offering will give it more financial options, but experts point to another t motivation f dual-share class ipo that gives dthecendants of the founders family 10 class b votes to every 1in vote of the class a stors, or nearly 81% of the voting power. investors hope that history of profitability and sales can continue for years to come. for "nightly business report," reaganrtney >>> coming up, is the item listed on that e-commerce sit re or fake? with the u.s. and china in the middle of a trade war, it might be harder >>peloton was hit with a $150 million larouit. a of music publishers allege that the maker of video streaming exercise bikes used more than 1,000 songs from well-known artists without si perm. the publishers say peloton failed to license songs from the comp and that resulted in a loss of income. peloto says it is evaluating t

. >> noreen kessler: and you just see a whole new person,wh e new beginning. it's almost like they're reborn. i can't think of another word but phenomenal. [ music ] >> roma downey: as a mother, i would do anything i could to help my child live a normal life. and i'm sure you wouldtoo. but what if you couldn't do anything? what if you were totally helpless? f that's the situatiuldn't hundreds and thousands

corporate democrat wing into the into a flutter but then fully washington post back jack or glenn kesslerstepped in to write this terrible terrible wrong and he awarded sanders to put nokia o's because according to washington post math with the great bank bailout was just over five hundred billion or half a trillion not a full trillion because i guess that to happen a billion makes all the difference between deciding if the big banks and wall street are just greedy scum or incredibly greedy scum these sanders team and others who reported extensively on the bailouts like my at mattei e.b.u. rolling stone were quick to point out and cry foul on the washington post back checkers rather sketchy math when the number might actually be in the trillions when you factor in federal reserve emergency loans this of course caused fact checker kesler to break out the tomato tomato car regarding what should or should not be considered a bailout and while this great debate over trillions have trillions bailouts or no trillions or non bailouts that's going to go on and on and on and on meanwhile for us yo

corporate democrat wing into the into a flutter but then fully washington post back jack or glenn kessler stepped in to write this terrible terrible wrong and he awarded sanders to put nokia o's because according to washington post math with the great bank bailout was just over five hundred billion or half a trillion not a full trillion because i guess that the half a billion makes all the difference between deciding if the big banks and wall street are just greedy scum or incredibly greedy scum these sanders team and others who reported extensively on the bailouts like my at mattei e.b.u. rolling stone were quick to point out and cry foul.

corporate democrat wing into the into a flutter but then fully washington post back jack or glenn kessler stepped in to write this terrible terrible wrong and he awarded sanders to put nokia o's because according to washington post math with the great bank bailout was just over five hundred billion or half a trillion not a full trillion because i guess that the half a billion makes all the difference between deciding if the big banks and wall street are just greedy scum or incredibly greedy scum these sanders team and others who reported extensively on the bailouts like my at matt taibbi rolling stone were quick to point out and cry foul on the washington post back checkers rather sketchy math when the number might actually be in the trillions when you factor in federal reserve emergency loans this of course caused fact checker kesler to break out the tomato tomato car regarding what should or should not be considered a bailout and while this great debate over trillions have trillions bailouts or no trillions or non bailouts that's going to go on and on and on and on meanwhile for us you

now consider the case of kessler v.wilke. it hasn't gotten much attention. on its face, it's about an obscure administrative law doctrine. but keyser has been described as, i quote here, a stalking horse for much larger game. whether administrative agencies can continue to have the independence they need to regulate in the public interest. at stake could be the power of the e.p.a. to protect our air and water, of the department of labor to continue to protect workers in the workplace, of the securities and exchange commission to protect investors against financial fraud. many corporations hate regulation. the problem is regulations are pretty popular. politicians may talk about cutting red tape, but their constituents really like clean air and clean water. they want safe workplaces, and the peace of mind that their investments are sound. that's where judges like neomi rao and cases like keyser come in. for decades we have operated in a system where congress passes laws and administrative agencies fill in the details and implement those laws using their regul

david: many thanks to brendan buck and jim kessler. they to have you both with us.the trump/xi getting further and further away. we talk with the brilliant executive and vice president and head of international affairs at the u.s. chamber of commerce. that is next and this is bloomberg. ♪ david: you're watching "balance of power." the south china morning post is reporting that the talked about summit between president xi and president trump may not come until june. differences over fundamentals, such as the enforcement mechanism. we welcome myron brilliant, the executive vice president of the u.s. chamber of commerce. he comes to us from washington and he is today's conversation in chief. welcome back. good to have you with us. is the south china -- if the report is right, would you be surprised if they are having difficulties of the enforcement mechanism? myron: i'm not surprised there are still challenges in enforcement. working out the details is one of those issues. there are a significant amount of questions regarding how the tariffs will be treated. are they g

authors david kessler and elizabeth kubler-ross have written a number of books about coping with tragic loss. they broke it down into five stages. we see the democrats and the trump-haters working their way through the grieving process. stage one: denial. >> i don't buy that he's completely exonerated the way he just said. a >> after two years, if you still have questions, you still can't answer that question, it's not good enough to say when you decide whether or not he's committed a crime. >> this is the start of something apparently, not the end of something. >> sotl much that needs to be, u know, taken a look at at this point. >> there's a big difference between whether there is evidence of collusion and i think that evidence is in plainn sight. >> laura: and after denial comes stage two. anger. >> why was there never an interrogation of this president? how can they let trump off the hook? >> any other standard, the person would've been arrested.ut they would've been polygraphed and put out or brought to trial. >> there's not an african-american person in this country that could've

all five off to a strong start for the year joining us where to find value, tom forte, and aaron kessleremen, good to see you both. tom, we regained some ground we lost last fall heading into spring, what drives tech >> sure, you look at in particular for amazon and for apple, it's about maintaining strength in the u.s. consumer and then the cloud computing effort for amazon and then for apple it's really about finding new opportunities beyond the iphone but i do think that, you know, 2019 you're still looking at good up side, at least for amazon and apple on the cloud computing efforts for amazon, and apple's ability to find opportunities beyond the iphone. >> aaron, where are you looking for continued growth drivers >> the top pick remains albuquerqu despite slowdown concerns, valuation is attractive, less than 15 times in the core business that's the topic continue to remain bullish on amazon, driven by strength in cloud as well as we think continued operating leverage in the business, less so than we saw in 2018. and facebook, fundamentals remain strong despite the privacy concerns t

coined by a bottomless pinocchio who by my colleague, glen kessler's count, has uttered more than 8,700 false or misleading claims. we have a great panel to discuss the search for truth and its meaning today, starting with to my far left, nina burley, great writer, correspondent for news week, formerly of "people" magazine, and a prolific author who has written about everything ranging from middle eastern archaeology to the amanda knox trial in italy and her latest book, which i have to be careful with because the first word is golden, and it's about trump, but it's actually golden handcuffs. that's about the trump women. to my immediate left is rick wilson, who i'm sure everyone who watches msnbc knows by now. [applause] >> thank you. >> a republican campaign operative for many years, and probably the ultimate never, ever, ever trumper. a conservative whose mug has gotten millions of liberals excited to see him on tv, with his brilliantly lacerating takedowns of the president and his cult. and his book, of course, is called "everything trump touches dies." and trump has never touched m

you may have heard the commissioner david kessler is concerned opioids are being used in a way that was never proven to be safe or effective, particularly on the fda part to expand label use on opioids to allow long-term use, which should not have happened. as i close, i think hhs and fda have to put a plan in place for retroactively reviewing the safety and efficacy of opioid projects. let's look at what is happening now, it could be continuing to fuel this opioid crisis. it is not just a retrospective but making decisions going forward that can help us get out of this crisis. i yield back my time. .> i think the german i would like to recognize the .entleman from florida thank you.kis: i appreciate it. i want to talk about medicare part d when congress created medicare part d it did so with the belief that private sector which administer employer drug benefits could be used to administer medicare drug benefits. we now have medicare part d where drug plans compete against each other to provide the lowest price for beneficiaries. this is the only federal reprogram that consistently come