as larry kudlow was forced to admit when he was questioned by chris wallace on fox news.gh. in fact both sides will pay. both sides will pay for these things and of course it depends... if it's and of course it depends... if it's a tariffs on goods coming onto the country, the chinese aren't paying stop know, but they will suffer gdp losses and so forth with respect to a diminishing export market and goods that they may need for their owi'i... goods that they may need for their own... but the president says china pays for the tariffs and that they may suffer consequences but its us businesses and us consumers who pay? correct. to some extent. i don't disagree, both sides will suffer on this. there is acceptance that both sides will suffer, there are advantages to both countries' economies as a result of all of this. and there is a danger that all of this could still escalate because here in washington, officials are admitting that they are expecting beijing to retaliate, and as i mentioned president trump has already asked for the paperwork to begin on perhaps yet more ta

but his economic adviser larry kudlow has been forced to contradict the president, admitting that itill be american businesses and people that will pay. chris buckler has the latest from washington. the white house, of course, is trying to focus on the message that trade talks are continuing. if you listen to larry kudlow today, the white house economic adviser, he was pointing out and playing up the potential of presidents xi and trump meeting next month injapan for a 620 summit where they could discuss some of these issues. but actually, larry kudlow was also forced to admit that some of the conversations that have taken place during negotiations at the end of last week in washington actually just covered the same old ground. there was no breakthrough. and at the heart of this disagreement are issues about how china forces foreign companies to operate in the country, rules and restrictions about intellectual property, forcing the sharing of information and technology, for example. those are all things america wants to try to change, and it also wants to be in a position to ensure t

we saw larry kudlow admit that yesterday.uch of a big deal is that to markets, to consumers that the president is waging a trade war and doesn't understand the basics of trade? >> well, clearly the president was watching larry kudlow on the sunday shows yesterday, and is tweeting in response to that this morning saying in sort of acknowledging what kudlow was saying, and saying that u.s. companies won't have to pay these tariffs if they're willing to make their products here in the united states. >> but hold on. please. >> a country that does not have tariffs. he's trying to beat around the bush by saying that u.s. companies can avoid them without having to say yes, u.s. companies are paying them. larry kudlow tried to thread a delicate needle by saying that both sides will pay this and that china will pay indirectly in a hit to gdp and hit to other economic indicators there without saying yes, china is actually writing a check for those things as the president has said in the past. >> except he didn't thread a needle. the ne

larry kudlow has said both sides will suffer from this kudlow has said both sides will sufferfrom thisdlow has said both sides will suffer from this ongoing trade tension. will it be china or the united states. the united -- united states ? united states. the united -- united states? it's more serious for china but that does not mean it's not going to be serious for the united states so there is going to be enormous pressure on the renminbi, they will respond with stimulus and if this does go on, i wouldn't be surprised if the renminbi peg didn't break and when that breaks, watch out, goodbye gold. nissen continues to deal with the fallout from the ousting of former boss carlos ghosn. 0ffered ending in march would be around $2.8 billion. 0n march would be around $2.8 billion. on saturday, president trump is expected to desired whether an extra tariff of up to 25% will be put on ca rs tariff of up to 25% will be put on cars and parts exported to the us. earlier i asked auto analyst janet lewis based in tokyo how much nissen might be impacted by this decision. missile is actually in a re

chinese state media is picking up on larry kudlow's comments in the u.s.ally, look, this is going to hurt the u.s. economy. it is chinese, u.s. consumers. they don't talk about the fact that chinese consumers will be hurt, and that is certainly the case. china is using the white house aides words against them saying, look, u.s. consumer, you don'tment don't want to feel the pain, maybe you should pressure your government to stop going forward with the trade war. whether that's fair or not, i won't offer an opinion on that. that's certainly the argument they're making. >> we're hearing about people moving from china to even japan. >> just hard to believe that stating the obvious about tariffs is international breaking news. we'll check back with you next half hour. thank you, matt. >>> the white house taking a new tact as it pushes back against congressional investigations, accusing house democrats of violating rules and enormous of congressional oversight. democrats are demanding documents they know they have no legal right to see including confidential co

soy don't think kudlow will lose his job.ically the president said china will pay for this, we can take our time in these talks, that's not true. a lot of the immediate response is that there needs to be a deal soon. if this goes on and grows. it will hurt the american economy. >> if the president -- president trump meets with chinese president xi next month. should the president of the united states feel like he has an advantage or will it be china who has an advantage in any face to face meeting here? >> i think all politics is local. and the president has taken this aggressive approach. he's going to win. he was tweeting it was a tremendous deal president xi of china, has to look strong. he cannot be seen as capitulating the u.s. the tentative deal they have, involves china changing laws in its own country. xi didn't agree to that. you can't succeed in a negotiation by humiliating another leader much a country. they can't capitulate to you. and that's the problem with the president's bombastic approach broadly, this is not

but his economic adviser larry kudlow has been forced to contradict the president, admitting that itmerican businesses and people that will pay. chris buckler has the latest from washington. president trump did double tariffs, in fact, more than double tariffs, on some $200 billion of goods imported from china into the us but he was also forced to admit that some of the conversation is actually just covered the same old ground. there was no breakthrough and at the heart of this disagreement are issues about how china forces foreign companies to operate in the country, rules and restrictions about intellectual property, forcing the sharing of information on technology, for example. those are all things american wants to try to change it also wants to be in a position to ensure that all of that agreement is enforced but there is no meeting of minds and meanwhile, the headlines and concerns of both country's economies are about the dangers of tariffs being put in place and as you mentioned, president prompted double tariffs, more than double tariffs and some $200 billion of goods import

his name is larry kudlow.rector and i was hoping to see a huge grin on the man's face but there you go - look, larry, i have said this is spectacular and it will not support do you want to add to that? >> is another blowout number. solid 3.2% gdp which is a blowout number last week. very strong economy and again i will say we talked about president trump's policies tax cuts the regulation opening energy, trade reform, stable dollars and so forth he is rebuilding this economy and i heard your guest talking about productivity surging and that is hugely important and maybe we'll get it up today's job number but that and here's a very key point and 3.2% growth 263,000 jobs which continues the strong trend we have no inflation. virtually no inflation. strong growth, with virtually no inflation. i think the inflation measure for the first quarter is 0.9% in year-to-year is about 1.4 so that is an important point. very strong growth, very low inflation and policies are working. stuart: can bring out one big negative.

well lauren kudlow also said that the u.s. has started the process of trying to impose another 25 percent tariff on the remaining $300000000000.00 worth of goods sent from china to the united states every year but he did indicate that it's not going to be an instant process it's could take as little as 60 days perhaps as long as 3 months if not longer here's more of what larry kudlow had to say appearing on one of the sunday public affairs shows here in the u.s. we want to be as sure as we can be we don't think the chinese have come for not if we wait and see the talks will continue and i will say this is a g. 20 meeting in japan toward the end of june next month and the chances that president trump and president xi will get together at that meeting are probably pretty good. now as for whether or not these negotiations between beijing and washington are dead lauren la larry kudlow did say that the chinese have extended an invitation to the u.s. treasury secretary steve maneuver and to the u.s. trade representative robert light

and kudlow and mnuchin try to calm the markets do we believe them anymore is there an undermining of the credibility that i think is significant for potential volatility in the stock market >> you're getting to, i think, a dynamic that, as you know, existed in this white house since the very beginning there are the bob lighthizers of the world, the the pierre navarros, the china hawks and then, of course, the more free market, kind of free traders in larry kudlow and steve mnuchin you're seeing something playing out for the last two years or so i'm not sure it's a new dynamic but i do -- >> the money is being made and lost we get these negatives on trade. kudlow comes on and says everything is going to be okay and the market swings back i'm just wondering now if that dynamic may be changing. >> everything won't be okay though the market reaction will be pretty significant >> we'll leave it there, people. thank you. libby cantrell, tony, and steve liesman. >> hot topic, everybody. >>> chips getting chopped on the trade. all lower and a closer look at all the sectors that could be affe

consumers aren't paying for it is disputed by larry kudlow this weekend. we consumers are paying for those tariffs. what is interesting to me is the retaliation from the chinese has not been announced yet. i wonder whether they are planning something very dramatic. i think that is the key moment. we have to see how china retaliates. david: one of the things that struck me over the weekend was parties seemed to go further apart. over the weekend, we heard from liu he, mr. kudlow, and mr. trump, and it doesn't sound like they are coming together. marty: i think the whole notion of trump and xi talking over the phone and reaching some sort of deal, the devil is in the details. they can't reach a deal. it is the people underneath them who do. it is not going to get sorted by a phone call. alix: that is when market participants tend to say it is too important, there has to be a deal. but when you look at the underlying issues within china, chinese pride and political maneuvering, it is a very different story. it also seemed like president trump really wanted to

larry kudlow is exactly right.er from the short term damage done by the trade barriers but they will, too. will that bring them to the table? goodness gracious i hope it does and i hope they agree to negotiate what should be free trade. they know what's free trade. >> sandra: i hear a lot of optimism and you've been cheering on the president to fight this fight and making the case like larry kudlow that it's worthwhile for the united states. >> it's enormously worthwhile. a free trade agreement with china, japan, europe. when the president left the g-7 in ottawa and he said you know, we're willing to get rid of all trade barriers, tariffs and non-tariff barriers if you guys will. they looked and whistled in the air and said the words to the doris day song. >> sandra: oats amazing to see the president in his words this morning. tweeting a lot this morning. he said the unexectedly good first quarter gdp was greatly helped from tariffs by china. some people just don't get it. in the wake of the big gdp number and drop

leland: economic adviser larry kudlow telling fox news this morning that the chinese haven't come fars this as business as cross america plan to charge each and every one of us more because of the cost of tariffs on chinese goods. rich edison joins us now. do we have an idea or are negotiations continuing this weekend or on pause? >> there's a bit of a pause, leland, unclear when the next round will happen. this is a massive escalation of the trade fight with china and, appears the trump administration is preparing to take it further. the united states raised tariffs friday on $200 billion of chinese import. the administration says it's beginning the process of even more tariff increases, targeted at $300 billion in additional chinese import covering about every remaining product china sends to the united states. the white house says the two sides were approaching an agreement when china back-tracked on significant commitments, the trade fight, tariffs and retaliation from china means higher prices for consumers, lost business for american farmers and global drop in stock prices, top

breaking from his boss, kudlow, his boss says this, the u.s.ns of dollars in tariffs from china. okay, so this trade war is not over. the administration says it has begun the process of raising tariffs on remaining imports from china worth approximately $300 billion. for now, iphones and toys and tennis shoes, they have avoided taxes but if there's a new round of tariffs, those would be included. this is what a trade war looks like. china's retaliation hitting u.s. farmers hard at the worst possible time. farmers can't get into the fields because of flooding. this is the first week of the planting season. last year's soybean crop didn't get sold to china. it's rotting in storage. until last year, one in three rows of soybeans was shipped to china. trump has asked the usda for a plan to help farmers affecting by tariffs, adding potus loves his farmers and will not let them down. kudlow said there's a strong chance the president will meet with the chinese president next month. >>> china has threatened to take necessary counter measures in respons

that is larry kudlow. with us isjinny yan, chief china economist at icbc standard bank.to that and you were nodding. give us your take on where we are apt in this stalemate. some say any trust has now been eroded between the two sides. it is a clear case of leaders flexing muscles but i think it is right to think both sides will suffer greatly, particularly us consumers and this is why it is important to think about the inflation effect on consumers. things will become more expensive. 0n the china side, china policy makers can roll out stimulus policies to try to boost the economy but, at the same time, that will set back some of the structural reforms it is undergoing. china has yet to retaliate to friday's increase in tariffs. what might it do? i think this tit—for—tat which has happened previously has not done anything great for both economics and politics. i think what china will continue to do is try to stabilise the economy at home and this is the critical thing. as long as the economic growth can be ensured to grow at roughly 6% this year, i think from a social st

larry kudlow says this is a negotiation, not a war.does it look like to you and how long will it be before we get a truce? >> we are in a negotiation and the consensus in the markets is we eventually reach a trade deal here that would be our base case. the underlying issues go to more than just trade. it is really that broader relationship. that is where we see the possibilities for tensions continuing in the future. there is this -- the last week is spoke to the fact the underlying relationship will be with deep intentions and it will be difficult for people in china to reach a consensus with the u.s. on issues like intellectual property reform, technology transfer and such. the events of the last week whereby the fact we are five months into a negotiation and china wants to walk back on the wording of the deal when we are in the final stages really speaks to the fact this underlying relationship will be difficult to maneuver in the future. where we are at the moment, these diplomatic negotiating stance, this impasse which is a non-de

kudlow's interview. i don't think this it administration has a strategy. of urgency and they clearly don't know what this means to american families. 2,700 -- you put the number on the board, dollars a year. that matters to american families. you ask a much that matters to american soybean farmers when they can't sell their soybeans. >> chris: so how do get tough with them if you're not going to use tariffs? >> congressman moulton: you have to have a conference of strategy and i'm not saying the tariffs shouldn't be an option on the table, but that means that we actually build our alliances in the pacific. i'm calling for using the nato model in the pacific to help contain china and north korea. the president has been doing the exact opposite. he's been undermining our allies across the globe. it means using institutions like the wto. that's not perfect, it's not going to solve every problem, but every case that the obama administration has brought before the wto against china, every single one has been decided -- has been in our favor. if the president is

both sides will suffer from the latest trend toward more terrorists mr kudlow conceded now for a more in-depth look at the current trans-pacific trades also we are joined by our correspondent alex milledge from toronto alex welcome. thank you. alex 1st of all china's heading back heading back big what's the latest. as you mentioned 60000000000 in tariffs as of retaliatory measure for the 200000000000 the u.s. put up against china when you break it down we're looking at terrorist between 5 and 25 percent on everything from spinach to batteries that are supposed to kick in on june the 1st let's be frank when you have 2 countries of this magnitude these economies 2 of the biggest in the in the world we're going to see ripples throughout the world economy beyond these 2 nations so simply put this isn't good use but as we mentioned the last time we spoke about this this isn't quite over or even president trump of said these talks are ongoing so we might see some movement in the next couple weeks simply because we're getting to a stage that you know when you're pumping these tariffs up high

consumer that will be hardest hit by this increase in tariffs larry kudlow also indicating it'll be at least another 3 months before all these tariffs actually start to take effect because there has to be a 60 day consultation period for the levies that president trump says he now wants to put on some $300000000000.00 worth of chinese goods that's the balance of the goods that china of course exports to the united states the language we're getting from chinese leaders continues to be fairly restrained very moderate i think that's because they want to be seen to be very much the adults in the room right now but state controlled media is not holding back in particular the global times newspaper which has a very sort of nationalistic leaning it has a very belligerent editorial on monday warning that the u.s. strategy right now was useless and also saying that china is prepared for a worst case scenario but the central thrust of the editorial was essentially this the chinese people have a far higher pain threshold than people in the united states plenty more still to come for you here in a

council of economic advisors chief larry kudlow was saying on sunday we want to be as sure as we can be we don't think the chinese have confident enough we'll wait and see the talks will continue and i will say this is a g. 20 meeting in japan toward the end of june next month and the chances that president trump and president xi will get together at that meeting are probably pretty good. in fact during that interview on sunday larry kudlow did concede questioning that in fact it is u.s. consumers who would be paying the higher tariff ultimately that money does not end up in the u.s. treasury $1.00 other point lauren there's been a lot of talk here in washington about whether the negotiations between beijing and washington have actually fallen apart and that there is no prospect now for some sort of bilateral trade deal well mr kudlow also said during that interview that the chinese have extended an invitation to both the treasury secretary steve minutia and to robert light hisor the u.s. trade representative to come to beijing for another round of talks on this bilateral trade deal

here's what kudlow said on fox news on sunday. >> fair enough in fact, both sides will pay both sidesl pay in these things and of course it depends -- >> if it's a tariff on goods coming into the country, the chinese aren't paying. >> no, but the chinese will suffer gdp losses and so forth with respect to a diminishing export market and goods that they may neat. >> i understand that the president said china pays the tariffs. they may suffer consequences but it's the u.s. business and u.s. consumers that pay, correct? >> yes, to some extent i don't disagree with that both sides, both sides will suffer on this. >> kudlow added that he does expect trade talks with china to continue in the coming weeks let's get right now to eunice yoon with beijing with more on where we stand if, indeed, we stand anywhere. >> well, the chinese agree the talks will continue. the chinese vice premiere gave an interview to the state media. that interview has been played up a lot in the press over the past couple of days. one of the main points he said was that the negotiations did not break down but that th

the chief economist larry kudlow will hit back at the naysayers in moments.hat is the reason behind the left's effort to take down bill barr? why so intent on downplaying the word spying. this is still going on tonight. plus, two end of the week favorites. we have unearthed footage of bernie sanders and joe biden. it's hysterical. and a principal who has had enough. and some journalists desire to jail bill bar. i kid you not. the news that should matter most to americans is today's jobs report. it's another record breaker and another sign that trump economics is work. in april 263,000 jobs were adding to the economy surpassing wall street and economists expectations. the experts were wrong by 70,000 jobs. the unemployment is 3.6%, the lowest in nearly 50 years. the last time the unemployment rate was this low, the following things were not even-month-old. -- even imagined. mobile phones. video games. the mri machine. and disposable lighters. it's been a long time. in the 28 month since trump has been in office the economy added 5.4 million jobs. these are spe

political talking point for the 2020 presidential campaign the white house economic adviser larry kudlow says he expects china to retaliate office of president trump more than double those tariffs on chinese imports so where are you now with the trade talks where they stand. well there is this perception daryn that the trade talks have fallen apart that there is not going to be some sort of bilateral trade deal in fact during that same interview that mr kudlow was giving on the sunday public affairs shows he did note that the chinese have invited both the secretary of the treasury steven ition and robert light hisor who is the u.s. trade representative back to beijing perhaps in a month's time for another round of discussions but mr kudlow also stressed that the details haven't been worked out the date hasn't been worked out but the important point is that these talks continue and that essentially as mr kudlow was up portraying it this is something you should expect in a lengthy and significant trade negotiation you're going to have these hiccups you're going to have these up public show

top white house economic advisor, larry kudlow, says the u.s. is trying to correct a generation of unfair policies. >> i think this is a risk we should and can take without damaging our economy in any appreciable way. maybe the toughest burden is on the agriculture sector. we get that. we helped them before on lost exports. we'll do it again, if we have to and if the numbers show that out china has yet to announce if or how it would retaliate. administration officials say they're expecting a chinese government response. china's options against u.s. imports are more limited since china imports much less than the u.s. imports in chinese goods. china has yet to announce if or how it will retaliate. the administration officials say they're expecting a chinese government response. china's options against u.s. imports are more limited since china imports much less than the u.s. imports in chinese goods. there are no negotiations scheduled between the two countries so the white house says there's ad good chance president trump and chinese president xi-

larry kudlow addressing a false claim by the president related to tariffs.porter: that's essentially what we already heard from larry kudlow and to a certain extent senator rand paul is the administration's argument in a nutshell and that is, yes, there could be some short-term economic pain as we sit down at the table with china and try to open up those trade barriers that we have with china that leads to this massive trade deficit, and yes, there will be some pain, especially among farmers and the agricultural sector. they will be given some $12 billion in subsidies to help the medicine go down, but the long-term pain is worth it. we need to open up those borders, those trade barriers with china. they're not playing fair in accordance with world trade organization rules. they're taking technology, insisting that american companies that want to do business there transfer their know-how, their technological know-how to chinese companies and the chinese government before they're allowed access. here's a little more of what larry kudlow had to say by way of ex

there's a story, it's been reported, that larry kudlow took that op-ed right into the president'desk, and it inspired him to give you the call to ask you to be one of the federal reserve governors. that what happened? >> i wasn't there in the room, so i can neither confirm nor deny that. >> that's what you've been told? >> you know, i do knowed donald trump lhat piece and he liked my point, which is -- this is the re of supply-side economics, so i'm so glad you're asking me aboutth . what we believe as supply-siders, if you cut taxes, if you reduce regulati, if you make american companies great again, they will produce more. and if you produce more, you shift, outward, the supply of goods and services. and a lot of liberals believe, when you have that kind of increase in growth, that thatca es inflation. and we've always believed that's completely backwards. and so we've completely rejectee thisthat, somehow, every time we get wage growth or every time we get morerowth in the economy, "oh, my gosh. the fed has to pull it back." why? we want workers to be better off. i mean, think abou

kudlow and explain our initiative that we would like to do. liz: kudlow are a guy who said mr.ariffs are attacks on the american people. >> i heard the interview with chris wallace. liz: yes. why this really struck with us and by the way here are one of the bikes you sell at wal-mart, you sell hundreds of thousands of bikes. >> almost 2 million bicycles we sell a year to wal-mart. liz: brilliant. i want our viewers to know why this story stuck with us. this is founded by your grand father who escaped from poland from all the anti-semitism back there. he came to this country and he created jobs and now you are continuing to create jobs. we don't want to lose that. >> thank you. liz: good to see you. keep us posted on your story. the company is called kent international. buy the bikes at wal-mart. >>> the race for 5g. the closing bell ringing in 27 minutes. the dow is down 154. the checkered flag just three days away. when sprint rolls out its 5g service with an lg compatible phone, but this is the controversial technology advancement that some say is much farther away than they

. >> what about kudlow quick. >> not kudlow either. maria: the federal reserve right now says it is out of the way and will not do anything but at some point with the strength of the economy would expect rates will go up that yet they are going down. >> maria look at the end of last year the market expected the rates to go up another 100 basis points now they have adjusted those expectations and the expectations of the market of a rate cut pick of the fed has said they will be data dependent we will see how they react. maria: is a matter we saw that in version? normally an inversion like that indicates otherwise. >> i was not concerned about the inverted yield curve and i don't continue to be. first of all, yield curves are for flex markets sometimes they are efficient sometimes they are not but i don't think that was ever predicting a recession with just what people expected where future interest rates to be. a lot of talk of recession at the end of last year but not now not what these numbers. maria: these numbers indicate a differen

kudlow agrees to disagree with his president. the mercantilism of trump and elizabeth i in this hour with stephen roach. and uber, is there a cancel fee on canceling the ipo? good morning, everyone. this is "bloomberg surveillance, " live from our world headquarters in new york. i am tom keene paid with me, francine lacqua. i wanted to do a shout out to our ipo team for what i thought was measured are purged to the uber ipo. we need to stop what we are doing in economics monday morning -- the world is coming to an end. -- i know ithe ipo was late in london. it just did not work. francine: yes. your excitement for the ipo is something to behold. this is big. we did speak to a couple of insiders, who said it is a little bit of being unlucky when it happens when a trade war escalates between the u.s. and china. so we need to look at whether it is a valuation with uber, a concern on uber, or general market sentiment. tom: we will get to the news, do a data check come and get right to our two important guests on this very important mo

process of negotiating deal that's the real question as i say the white house economic adviser larry kudlow says he expects china to retaliate after trying more than double those tariffs so where are the trade talks now what's what's next. well khaled did indicate during that interview that the chinese have issued an invitation to both the treasury secretary steve and to robert light hisor who is the u.s. trade representative to come to beijing for another round of negotiations when that's going to exactly happen kudlow said he does not know but he did say that there are talks under way in order to get this next round of negotiations on its way but in the meantime there is a real concern that the tariffs that have been imposed in the last 3 days by the u.s. government may end up being permanent and not be rolled back as donald trump has indicated that he would consider doing if there is a trade deal actually reached with the chinese and so this idea of using tariffs as a form of leverage or a way to control the other side to was perhaps give up more at the bargaining table could end up bein

meet there hard to know >> carl, you mention kudlow, kudlow broke the rules he said that everybody gets hurt larry is my partner but wihe bey partner again? he broke the rules >> he did say both sides will pay and suffer on this you disagree >> that's not what he's supposed to say one side is supposed to suffer a heck a lot more than the other does the president allow that to happen that kind of -- i am sure david would label it truth >> yeah, it does have the ring of truth i think that's a fair statement, jim. but don't forget, there are plenty of people on both sides of the political spectrum who supports getting tough on china and hopes the administration may not support any of the president's policies but believe it is one great importance that you have to hold out on it hoping that you will get what you are after which is structural changes the way the chinese economy works really >> well, look the president created this dynamic the dynamic is chinese takes american jobs. democrats are stuck. let's say they don't take american jobs, the president will come up with a list of jobs th

larry kudlow says he expects retaliation. >> it is interesting.xpected countermeasures have not materialized. we may know more this evening or tomorrow. i reckon we will see what they come up with. so far we have not heard on that basis. >> theresa may is trying to win support of the labour party by reopening brexit talks with brussels. number 10 is trying to rewrite the outline agreement on -- senior labor officials have warned their party want to a deal without a second referendum. the government is still hoping to take the u.k. out of the block by the summer. manchester city has won the english premier league after a 4-1 win against brighton. they clinched the title after a closely fought race with liverpool. that team won the highest point tally for any team that finished second in premier league history. the teams also have the highest combined point totals ever. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus: i will pick it up f

kudlow saying president xi and trump will meet in june at the g-20 meeting in japan. is a long way off from here so, will there be quicker resolution at this point, see more positive noises larry kudlow pointing out the chinese are not paying the higher tariffs directly at this that have to take the pain on the chin here. that is why we have this negative sentiment as we come into the start of the trading session. back to you. >> not to mention the farmers that will feel that pinch asu. >>> still ahead, call him dr. so look. at. that. sustainable wild-caught... or responsibly farmed. and now at a lower price. aw. confetti. drivers just wont put their phones down. n introducing... smartdogs. the first dogs trained to train humans. stopping drivers fro l selfie-ing. and whatever this is. available to the public... never.ogare not the answer. but geico has a simple tip. turn on "do not disturb while driving" mode. brought to you by geico. let's go. with quality ingredients, nutella is sure to bring a smile to breakfast time. show your appreciation with a limited edition

president's top economic advisor larry kudlow indicated on sunday that u.s. consumers might pay the ultimate price because of recent tariffs imposed on chinese goods some $200000000000.00 worth those tariffs are typically passed along from the companies that are selling the products to their consumers but a 25 percent hit on the price of goods made in china might dissuade u.s. consumers from actually opening their wallets and spending the way that they have been spending during this current economic expansion kudlow also indicated that the chinese probably will impose tariffs of their own on u.s. made goods intended for the chinese market so where does this leave the status of trade talks well kudlow says that the chinese have already issued an invitation to talk to u.s. officials to come to beijing in the coming weeks to continue negotiating a comprehensive trade deal between the 2 countries when that will happen it's anybody's guess but be certain the president donald trump is going to continue very tough rhetoric in order to try to drive what he considers