>> it's your hood, mark. when you look at this and the full continuum of the investigation, the fbi and justice department are almost late to the party. this actually almost started as strands of foreign intelligence that came in to the government through the cia and that ended up with the bureau because the cia acted as a kind of clearinghouse board. it really goes back to the second half of 2016 after trump gets into the campaign. it's always been kind of a misunderstanding to look at it as if it were one investigation up until the very end. it was really about foreign intelligence and, you know, every place we operate in the world, particularly all the activity in the investigation that took place in britain, we cooperate with the foreign government in those places where there was a lot of forward activity here. i think that's where the real collusion was. >> mark: there is talk about actually sending subpoenas to brennan and clapper, who were the highest figures in the obama intelligence bureaucracy. is t

mark: beautiful. most weekt on levin tv. 844-levin,tlevin-tv. >> we'll be right back. g good c. you'll get there. ♪ were you going to tell me about this? i know i can't afford to go. i still have this car so you can afford to go. i am so proud of you. thanks. principal. we can help you plan for that. start today at principal.com. aleve it. with aleve pm. pain happens. the only one to combine a safe sleep aid. and the 12-hour pain relieving strength of aleve. so...magic mornings happen. there's a better choice. aleve pm. mark: senator we have talked about leaks, information in the paper, and the obama administration. it is truly possible that the only how manonltheonly human ino was not aware what was going on is barack obama. >> possible but not probable. you go back to the obama administration. the one that gets under my skin we never did find out lois lerner and tax exempt group within irs did where obama administration used one of the more feared agencies of federal government as a political weapon

. ♪ ♪ mark: h hello america, i am mark levin, this is life, liberty and levin, mark limbaugh how are, esquire, you are my lawyer, i tell you why i wanted you on. you have written a definitive book on the left, guilty by reason of insanity, the democrats must not win, very important. whether it is impeachment or democrats who are running for nomination and their agendas, you point out, that left is at war with america. the left is at war with america. is this illustrated by what they are doing with impeachment? by antifa? by what media are doing? what do you mean. >> they reject the american idea, they believe that america was born in hell, they are against the fundamental concepts that drove the america founders such as free enterprise, constitutionalism, limit of government, the core is liberty. everything they stand for is totalitarian. the en justifies the means -- the end justifies the means, they claim to respect democracy, expa they don't know the difference. nevertheless, they claim that they respect democracy, yet they do everything to undermine it they will not i accept resu

inwhen i met mark, it was 2006. had already spent 24 years, nearly half of my life, investing in silicon valley. it was a normal thing for me to be consulted by young entrepreneurs who just wanted some perspective on how silicon valley worked. i got in email from one of mark's colleagues send my boss has a crisis, would you be willing to take a meeting with him? i was really excited about the idea because while i could not use facebook at that time yet to be a student with an email address from your school, i was convnvinced facebook was the net big thing. i was convincedd that the requirement that you had to be who you said you were with authenticated identity from your school, lead address, and the ability to control who can see your private information -- i thought those two things changed everything and would allow facebook to eventually be bigger than google was at that time. i was excited to meet mark. he comes in my office. i tell the story the book -- i will give you the short version of it. i said, mark, i

mark: beautiful.can matc watch me most weekt on levin tv. 844-levin,tlevin-tv. >> we'll b i'm your cat. ever since you brought me home, that day. i've been plotting to destroy you. sizing you up... calculating your every move. you think this is love? this is a billion years of tiger dna just ready to pounce. and if you have the wrong home insurance coverage, you could be coughing up the cash for this. so get allstate and be better protected from mayhem, like me-ow. oh! you got a fast one there so get allstate and be better protected from mayhem, just can't get him to slow down this class will help with that we get it... you got it! we're petsmart! in the human brain, billions of nefor people with parkinson's, some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those exact neurons. restoring control and harmony, once thought to belost forever. the most personal technology is technology with the power to change your life. mark: senator we have talked about l

joining us as well our secretary mark esper. thank you, mark. great job you're doing.e pompeo. mike, thank you very much. epa administrator andrew wheeler. thank you, andrew. many of our great secretaries and my cabinet and service chiefs. i know we have a couple of wonderful representatives i think you havejo many socket myself in trouble but i see john carter and icy brad winchester. thank you very much for being here, fellows. thank you very much.as and i see a standard that is so supportive of our military and the, senator dan sullivan. thank thank you, dan, of alaska. done a great job. as we prepare to welcome the new chairman we must first take shape it to one of america's most admired and beloved military leaders, outgoing chairman joseph dunford. here today with his wonderful wife, ellyn. joe hails from just outside boston because father was a marine, and the top one who landed on inchon in korea and fought at the chosin reservoir. so joe knew which branch he was destined to join. he didn't have much of decisions to make sure i think. what you think about that?

. ♪ mark: hello america i am mark levin and is a "life, liberty and levin."enator ron johnson how are you? >> rate, nice to be here. mark: republican from wisconsin. when the reasons i wanted you here was because two sundays ago when he tried to actually talk and explain yourself for "meet the press" chuck todd kept cutting you off and i thought it would important to bringng you back here on my program to hear what you had have to say but also because of your position in the united states senate. you are the chairman of the committee that oversees the cavities with ukraine and the united states among other positions you hold in the united states senate. we have this document that came out, the president's phonecall a transcript of it that the president of ukraine. in fact back in july and people are trying to, the democrats in particular, say the president was seeking a quid pro quo. i don't read this in here. you have this sum back roundedness. you hadan a meeting with the president in may of this year. do you want to tell us about that? >> sure and the tran

number two is that mark zuckerberg got roasted.w, he did not do himself any favors here. the idea that regulators in the u.s. or around the world are going to allow mark zuckerberg to potentially undermine the entire u.s. financial system is highly unlikely at this point. so i don't think he did himself any favors at all, and it just opened him up to being a punching bag from both the right and left on a whole host of issues that went far beyond libra. taylor: karen, you chuckled a little bit when karen said that libra was toast. do you agree that libra feels a little bit dead on arrival? >> i said before that i think this is the worst product launch ever, and that is counting the new coke. the reason for that is because they did not understand a very fundamental fact -- the payments system, currency, financial transaction, it's about other people's money. social media raises a lot of privacy and many other issues, but you're putting economic quality on the line when you start taking other people's money, and i don't think to this

mark: right.t, there are a whole list of investors out there willing to take bets, provided the price is right. a lot of these bondholders are desperate to get out. they will discuss their losses and sell at any price. there are people who will pick this up. markete will still be a in these bonds going forward, but as i said, the scenario is for a possible haircut and also an extension over a long period. romaine: keeping an eye on some of the things we seen going on, protests in chile and ecuador, are you seeing any kind of common thread between some of these populist leaning type of protests, the populist backlash not only their and south america, but around the world? is there a common thread here? is there something we need to be worried about as investors and shift our mindset to a new world that may look a little bit more left-leaning? mark: definitely. the keyword is the internet. people are now getting together and getting their information, and taking action on the internet. that is an in

mark: quickly. once a war breaks out, or is declared in the late april, theodore roosevelt is madly rushing around trying to get arms and uniforms equipment and because he is the bureaucrat, he knows lots of people in the various departments and so it literally goes on to texas to san antonio where they are training the inner resident is behind for a short time. he started at their arms and ammunition shipped to texas where they are training. by late may, they are on board ship in tampa florida or outside of it. they are getting ready to depart for cuba. they write their in a matter of days really. we have our first action june of 23rd of 1898, the battle of lesko estimates. trial by fire. that was in cuba. july 1st is that god loves san juan hill. so you have april san juan hill talked on july 1st. host: markley gardener, i would presume the secretary of the navy was not well known around the country. mark: yes and no. it already published some books and articles at his ranch and his experiences in

mark esperanto, instead of esper, he typed esperanto. trump took a second look at the name esperanto and immediately threatened to deport him. >> a journalist from slate got the scoop of the late afternoon when she discovered romney's twitter handle pierre delecto. this is the most embarrassing

secretary as well our mark esper. thank you, mark. great job you are doing. secretary mike pompeo.nk you very much. wheelernistrator andrew . thank you, andrew. many of our great secretaries in my cabinet and service chiefs, i know we have a couple of wonderful representatives. seee john carter and i brad, thank you for being here, fellas. i see senators were so supportive of this administration. senator dan sullivan, thank you. from alaska. a great job. as we prepare to welcome a new chairman, we must first pay should be to one of america's most admired and beloved military leaders, echoing joseph dunford, here today with his wonderful wife. hails from just outside boston. his father was a marine, and a tough one who landed in korea the reservoir. he knew which branch she was destined to join. destined to join. what do you think? not a big decision? into77 he was commissioned the u.s. marine corps. in 2000 three, joe commanded some of the first american troops in operation iraqi freedom and very successfully commanded them. for his exceptional bravery, he received the legion of me

his book how not to get rich, the financial misadventures of mark twain. mister crawford, where doyou want people to learn if they pick up your book and read it ? >> i wrote it in part as a spoof of books about successful people. and how if you just do what they did, then you too can be a great success in life, because having read a lot of these books, i found them all woefully useless. there's even one you might have heard of called the art of the deal . terrible book. pt barnum wrote a book called the art of money getting and barnum had made a great fortune at this point but mark twain went broke. he wrote the art of money getting while he was broke and the sales of that book enabled him to rebuild his fortunes and go on to be pt barnum chapter 2.0. it's fascinating mark twain who was so good at so many things, who was the best-selling author of his time, who made more money on the lecture circuit that he even did as an author but he could doanything so from childhood on , his grace of session in life was to make a great fortune. he as a teenager, before

mark: good. evan: we have to realize that there are politicians, many of matter ofhas -- as a political strategy try to divide us. we know that, some of them are visible, some are less visible. it is a strategy, think about that and our leaders, in order to gain power for our set -- for themselves are trying to divide us as a strategy to gain and hold onto power. it used to be that this would happen in deep red or deep blue districts where you only had to worry about your primary, we have gone beyond that. you see moderate republicans in the house, and i could name names, but i do not want to shame them in this moment. even republicans in the house generally thought of as responsible and forward thinking and moderate still conservatives. adopting aow are divisive approach. they are abandoning the strategy of im going to do what i need to do to get -- i am going to do what i need to do to get through the primary and turning to a unifying campaign. they have won that in the past and they use to win

terrific interview with mark carney.of what he said was about said theaid that he news between the eu and u.k. was good news. at the same time, would not prejudge whether there would be increased rates in england. there was no division among the monetary policy committee over their approach if there is no deal. he says of course it drives currency and is volatile to emerging market currencies. pound isame but the just as volatile as emerging market currency. tosort this out, we turn stephanie flanders. great to have you here. tell us what you took away from what mark had to say. what did we learn? stephanie: he was having the pleasant job that he has not had in a while about being reassuring about the prospects for the u.k. certainly, he's been associated -- his critics have said he was always talking up project fear, talking about the risks of no deal brexit, the cost of brexit. he was actually here talking about how well-prepared they were for any eventuality, how flexible the u.k. economy was to respond to any change

mark hurd dies. more on his life and story at oracle.nd making the rounds a day after telling georgetown students and faculty he won't police political speech, mark zuckerberg talks to political outlets. what he had to say. first, our top story. wework's valuation sinking lower. we have learned that softbank is putting together a financial play for wework. it may value the company below $8 billion. that is a fraction of the valuation it commanded as recently as january. since its initial public offering, they have been considering plans from softbank and j.p. morgan chase. a partner from manhattan vendors, and sarah mcbride, who has been tireless on all things softbank. what did we learn about this new valuation? lower thans even expected, around $8 billion, and as you said, that compares to around $47 billion at the start of the year. a huge drop in under 12 months. you take a look at $8 billion, are we close to fair value? andrea: i think we are. overall, something i like to consider, being in a late interspace what will carry over , t

mark: we like apple.e needed to do, and they did, was report a really good quarter. in the last two months, it's added $200 billion of market cap, so it is getting more expensive than it was. we talked about a year ago about apple, and one of the things i said we needed to see, that they were doing very well, is the services business was something to grow. services and wearables were great. they were really good. they needed to be really good because the stock has had such a big move. i think people should own some apple. don't think you have to chase it. i think it could consolidate a little bit. but i think owning apple would be a prudent thing. alix: what is one stock that you don't own yet that you wish you do, or that you are looking at? can you tell us? you can't tell us. [laughter] alix: of the stocks you do own, what is your favorite? what is your most underweight? mark: we are most underweight exxon. alix: oh, ok. mark: we are underweight microsoft. alix: that was a good bet. mark: it is not anyt

why is it is important for facebook and mark zuckerberg? >> if you take his prepared testimony is a word on this, he does because he wants to improve income inequality and wants to increase america passes financial prominence in the world. we heard he's really doing it because of competitive threats. that will spread to other parts of the world first. >> how do they make money? normally they do it off of advertising. facebook wants to draw more people. whether that is through the marketplace, selling your couch: whether that is through whatsapp, nasty people outside of states, they want to be something you check multiple day for asghout the many minutes as possible. everything you do to build up to that is the most important. >> i want to come back to you. you call this a digital asset. it would have a value that would go up and down and you can invest in the digital affect, as you call it, and make or lose money and it would be available to the public. to analyzehave whether what libre is doing is security based on what dates to orange gro

mark zuckerberg is facing criticism.uckerberg gave a speech at georgetown university defending facebook's practices, painting his network as an arbitor of free speech. >> believe the long journey confronting ideas that challenged us. i am here today because i believe that we must continue to send for free expression. >> joining me now is facebook's vice president global affairs and communications, nick clag. >> thank you for joining me. mark zuckerberg is saying what facebook stands for is the celebration of freedom of speech. since from a business perspective, facebook has spent the last 12 years aggressively trying to do business in china. >> i think mark zuckerberg's speech was quite open. he did want facebook services to be available to focus in china and tried very hard to do that and looked at all sorts of different ways to make it possible. in the end it was not possible. >> but it was not facebook's doing. it was china who would not let you in. can you be the voice of free speech and trying to do business in a na

mark zuckerberg goes to washington.begins to address regulator'' concerns, and slowly but surely, you have some of these guys coming back on board. visa or mastercard they don't , necessarily want to stand out there with mark zuckerberg while he is getting pelted with questions. maybe down the road as this thing becomes more real, you start seeing some adoption. i think that is the hope. we have to wait and see. taylor: do companies not want to join because of the regulatory pressure or because being associated with the name that is facebook is not a smart tragedy right now?tegy max: i think both of those are possibilities. as we said in the earlier segment, elizabeth warren basically trying to use -- this is one point of view -- it could be arguably really using the relative controversial qualities of mark zuckerberg to attract fundraising and bring on supporters. clearly, facebook is super polarizing. i think the other issue is that it is not entirely clear what libra has to offer for some of these companies. companie

the ukraine part of this really begins in 2014 mark.n february of 2014, you remember the prorussian president is driven from power. putin starts flexing his muscles russian military forces get involved that's in february of 2014. the obama administration responds by saying, about we are going to come and help ukraine and very significantly the point person on obama administration policy is vice president joe biden who goes to ukraine almost immediately. two months after he's driven from power and russian forces start to fin invade ukraine energy company decides it is a great idea to hire the vice president's son as a consultant advisor and board member. now, what is important mark to note is that hunt per biden has no background in energy or ukraine, he's being hired to help them l with regulatory compliance i don't know howow hs going help themm with that. but that's really not the reason that he was hired. to this do we know what he did it? >> we don't know he made a couple of appearances at energy conferences that's all that he did.

i think the argument mark zuckerberg is making -- that is the argument mark zuckerberg is making. it does feel like he really believes it, is that facebook does not want to be in a position where they are asked to censor political speech, right? he really sees it as a free speech argument. there are politicians who agree with him. he does feel like a principal stand rather than a stand that is motivated entirely by money. taylor: facebook has one half of 1% of ther has 500 of revenue coming from political let's. why is that their decision to weigh in here? easier decision to say were going to stop taking candidate ads, ads related to hot button issues like health care or abortion or taxes. those kinds of margaret has missed are a tiny fraction of a company that is already the size of facebook. twitter has never been a place that is large enough or where the as were targeted enough to be appealing for political related advertising. dorsey, given credit for taking a position and sticking to it, but it is also true that it is easier to take that kind of stance when the advertising an

mark it to. if they had bought him out at a very low price, they would have had to mark their own position down to even lower and obviously, they're worried about the valuation of their own fund the two magic words here are fraudulent conveyance. if the company doesn't survive, the bankruptcy trustee will bring all of this money back and they've got massive leases outstanding. this is a situation to be heard from, more to come >> i quite agree with your first point. because softbank has sop much face to lose, they're trying to limit that and in order to do so, they're probably doing something that they must realize is questionable for the early investors who may even still be above water at a $7 billion valuation. but they're still thinking, $185 million in cash that could have been spent elsewhere >> i guarantee, if this was completely fresh, new money, they would have driven a much harder bargain to put this money in it's always the classic good money after bad. you're trying to defend the inve

mark: absent -- so it can come back. mark: absolutely.are the chances of that happening? mark: i believe very low. but tread carefully because that is consensus. alix: exactly, which ties into what we are seeing with the cable rate as well. we are going to dig more into that in just a second. mark connors of credit suisse will be sticking with me. coming up, day two of trade talks. president trump says so far, so good. we break that down lara rhame, fs investments chief u.s. economist. where is the consensus? this is bloomberg. ♪ pres. trump: i think it's going really well, i will say. i think it's going really well. we had a very good negotiation with china. they will be speaking a little bit later, but they are basically wrapping it up and we are going to see them tomorrow right here, and it's going very well. alix: that was president trump speaking at the white house yesterday. going me now, lara rhame, fs investments chief u.s. economist. , is connors, credit suisse still here -- mark connors of credit suisse is still here. they's cas

mark: absolutely. i think it could help. exposure and you want to be diversified to equities around the world. i think some of the factors that are likely to keep europe -- european gains muted is the earnings season where we think expectations remain high. we are also seeing in our clients, many of whom run private businesses, some reluctance to invest until we get more definitive statements about what is happening with the trait situation. investment is just not there. vonnie: china is having a big problem boosting capital investment. .1 on gdpe missed by growth in china has people comparing that to the 1980's. is that a bit disingenuous seeing how it had 30 years of strong growth in china? is there any point in comparing now to the 1980's? mark: walking around the streets of d.c., maybe you see some 1980's fashions coming back but i would not compare that to the chinese economy in the sense that chinese has many levers to control its economy and try to help. i don't think a slight below expectation gdp number is enough to

that is not the role for mark zuckerberg in a democratic society.ess model itself is deeply problematic, and it will have to change at some point. that is what these antitrust investigations can start to move towards. theor: mark zuckerberg said 2016 election clearly had caught them on their heels. do you feel any more confident they are more prepared for 2020? >> no. i wish i could say yes. no. i know that just last week, they shut a few folks off, but this -- a verywiley enemy enemy. there is an inherent conflict between facebook's data manipulating and sales business culture and an honest, free, fair election. in the old newspapers, the ads for new cars were on different pages from the political commentary. now it is all mixed up and it's hard to tell which is true. taylor: when we -- as we wrap up today, did you see a different mark zuckerberg today? was he more prepared,,, more calmer,- more prepared, more mature than the last time we saw him testify? >> i'm so old asking me if he is more mature is an unfair question. more fundamental is -- doe

mark: it does matter, starting with the mark warner point., rancid partisanship, the senate intelligence committee has been an island of collegiality and cooperation. so i don't know if he is speakinglfust for hims ranking democrat of the committee, or with the quiescence of senator burr, the chairman, i don't kn. but it is certainly serious. you have toome t the conclusion that in bill barr, donald trump finally got the attorney general he wanted. jeff sessions didn't deliver for hire jeff sessionsed himself. bill baris at taxpayer expense, hurtling around thefr glob australia to italy in pursuit of information to somehow rationalize, justify, that donald trump didn't le in 2016, andha the obama campaign, obama administration was somehow behind some spying on him. mark warner's point is, after a three-year investigati by that committee, there is absolutely nothing that has come to support that. i don't know what the answer is. david perhaps does. david: having thoroughly politicized the state department, you have to go on the presumption tru

maria: mark meadows.den issuing his first public response to president trump's attacks on his work in ukraine. "the wall street journal" is reporting this morning young biden planning to step down from the board of a chinese private equity firm. i'll get new reaction from bill clinton's former chief campaign strategist mark penn on the evolving controversy that could have big repercussions in 2020. back in a minute with that. maria: welcome back. the ukraine controversy still looming large over both the trump and biden campaigns. the president, of course, facing an impeachment inquiry. hunter biden today issuing his first public response to the controversy. this morning saying that his work in ukraine focused on corporate transparency and governance. he also said he would not work for any foreign-owned companies if his father wins the white house, and he is announcing he will step down from the board of the private equity firm backed by the chinese government. joining us now, mark penn, chief strategist o

mark herd, what did he mean?he mt.eant a lot, megaaccomplishments in the enterprise i respect self-made leaders. mark was a self-made leader. it was interesting, jim, when he announced that he was taking off for health reasons, i had a very nice text session with mark, me to him and him back to me and it was heart felt on both sides when i woke up one morning, and he was gone, i just realized, wow, you know, what a meaningful moment that was for both of us we competed vigorously in the marketplace against each other but always had a serious form of professional respect i feel bad for mark and mark's family and i can only say i'm just honored that i had a chance to know him i thought oracle did a great job of saluting his life and his contributions to their company, and i'm sure his wife and family must have been very proud of what he achieved in his professional career. we'll miss mark and i'm super proud that i call him friend. >> i join you and wishing his family the best of all it is hard to have best of grief

so let's make sure that we listen to what mark is talking about. all of the companies out there in san francisco, we're coming for you so that you can take care of our kids and our future. [ cheering and applause ]. >> mayor breed: we all have to start taking responsibility for everybody else's kids too. that's what today is about. i want to make sure that ten years from now that these young people are prepared for the future, they're prepared to take over our jobs. i can tell by the look in their eyes that they're going to do just that. so today is a celebration. thank you all so much for joining us here today. at this time, i want to introduce my sister from across the bay. she's making it happen in oakland and she's doing great things every single day on housing, on education. i'm just so grateful to have a partner to address so many of the challenges that we know we face in some incredible cities by the bay. ladies and gentlemen, oakland mayor, libby schaaf. >> i brought the oakland weather with me. >> it is so good to be here in our bay area.

this is "balance of power" on bloomberg television and radio. ♪ on and radio. ♪ mark: i'm mark crumptong first word news. in the u.k., a setback for birth johnson's brexit plan. house of commons speaker john bercow rejected the government spent to try again today to win approval for it in parliament. the prime minister will not go to plan b. he will try to get parliament's backing for the deal by passing the legislation necessary to implement it. in hong kong, protesters unleashed another wave of violence. set-beijing demonstrators fires and wrecked stores in the 20th week of protests. and waterd tear gas cannons to break up the demonstration. japan is bracing for two more storms after a typhoon devastated the central and northern regions. a tropical storm moving toward japan's main island could drop up to one foot of rain by tuesday evening. another storm is expected to follow later this week. at typhoon this month left least 70 dead and 12 others missing. wikileaks founder julian assange was in a british court today to find a tradition to the u.s. on charges of espionage.

little bit of a wakeup call that may have contributed to that they are let me let me just stay with you mark and ask a question about the next big challenge for the cyber industry when people are now talking about de frank for example this ability to clone someone's voice and their image i mean that's going to be a nightmare for security specialist like you isn't it i think that that is going to be the next big thing unfortunately i think it's going to be chaotic you know i think we're very close to being able to clone other people's voices and then you know make fraudulent bone calls but if you even take that a step further you could have a chat bot that you program with someone's voice to make calls so you don't even need someone behind the phones to do cyber crime in the next few years i think this is going to be a disaster and i think we're not ready for this at all and i think that we're going to need some new technologies to be able to address address this as well yeah i mean max what's your what's your take then on the next big challenge for the security industry is it problems like d

and a human let me let me bring back mark there in tokyo i mean mark just explain to our viewers why cyber security is so important i mean governments and companies now seem to be spending huge amounts of money on security to protect themselves how they've been mostly successful and what does it take do you think to win the war against cyber attacks against the cyber criminals. so i think that you know basically we live in an air an era of increased connectivity i think one of the most interesting examples that i saw very recently was in the u.k. one of the new airports there actually has their air traffic control center offsite so there's no tower in this airport it's remote if somebody hacked into this you could easily kill thousands of people shut down an economy we're not seeing these kind of catastrophic events happen yet but there certainly is a potential there is an increasing the tension will i think you know part of the solution to this is going to be advanced ai technology there's just so much data traffic now there's so many connected devices and there just aren't enough p

mark: i am mark crumpton with bloomberg's first word news.ican forces quick withdrawal from northern syria, the united states considering leaving some troops behind. defense secretary mark esper said some forces may state to secure oil fields and make sure they do not fall into the hands of an insurgent islamic state. the pentagon chief says no official decision has yet been made. president trump has repeatedly said islamic state has been defeated. energy secretary rick perry spoke at the european union in brussels today to promote nuclear energy. secretary perry promoted small, modular reactors as the future of energy. >> we are reaffirming nuclear energy as an indispensable source of energy for the world. and contrary to naysayers, nuclear energy is safe. nuclear energy is clean energy. and that is why we launched the nuclear innovation clean energy future initiative. we call it

mark: it keeps the conversation going. one of the things that we have problem ised as a the challenges in certain places that in addition to mobilization, you can have a winner who doesn't have a majority. that is what led people to the idea of ranking. another potential. it is interesting none of you kind of described that as part of the problem to be addressed. majorityr at least has -- lee, you want to? biggere some ways a ambition. lee: i agree. we have a large degree of consensus on the panel in this moment of really just destructive hyper partisanship which is a threat to our system of government which demands a high level of compromise and give and take. operating, system is everything is about destroying the other party for the electoral gig. we were having this panel discussion at the storm clouds of impeachment cover this town. it is amazing to see what republicans are doing now to support donald trump despite the stream of revelations of events. .- offenses he has committed that is a function of the binary hyper

alix: go ahead, mark.with the trade conflict with the u.s., we see that as a headwind on china, but how much of this is china economy just slowing down as it matures? it is now slowing past 6%. how much of an impact is the trade, and how much of it is really just china and its own evolution? helen: this is a terrific question. there are many things that are combined at the moment that really slow down such a giant economy. you have trade, but i would have to say that it's more a 2018, but we have been slowing down since march 2017. partly it was china itself, but it wasn't all structural. consumption than investment is part of it, but there was also deleveraging. they have been driving very hard throughout 2017 and early 2018. that was really slowing down the economy. secondly, you have a with aturing sector slowing change. there is a large part of the economy exposed to that. that is overall affecting the china overall economy, but we think it can be denied -- it can't be denied that the output gap is alr

but to me, the really important thing is that mark doesn't appear to have learned anything. he's looking at this like, it's okay for him not to testify before parliament in the united kingdom or canada, two of his largest markets. and that secondly, that the antitrust issues that have been raised here are in some way something he can dismiss and fight in court i think there are underlying issues going on here that are really, really substantiative, he doesn't seem to understand that this is a bipartisan issue. that the threat to facebook, but also to google, microsoft and amazon from antitrust is based on the fact they are really harming innovation in the economy and they have done a lot of damage to democracy, public health, privacy as well. so i look at this and say, wow, mark is learning a lot about how to do politics facebook's pr has been amazing this year, but he doesn't seem, in this particular audio string, to be the kind of thoughtful, forward looking person that he ought to be given all the things that are going on. >> casey, roger may be right that opposition to t

mark zuckerberg is looking around. this is a huge, huge moment, maxine waters statement and swearing in of mark zuckerberg. while we wait for this, jim, let me quickly add the governor said no matter what crypto will be here? >> i think he is right. charles: fed can't stop it. federal government can't stop it. lawmakers can't stop it. it is a juggernaut will be in our lifetime. >> we need to rebrand it. cryptocurrency says, cheap payments done by our mobile phones. why are we carrying a wallet with embossed plastic credit cards. if you designed a payment processing system right now ground you wouldn't use the plastic. you would use your mobile phone. charles: certainly wouldn't use paper. >> when your battery dead. we still have to solve the battery life problem for mobile phones. no reason why you should use those others. charles: if it is inevitable, how much regulation, should evolve around it if it is inevitable and control our lives? >> considerable. you're talking about the financial infrastructure right? as much

that's probably just the tip of the iceberg and even a few using other apps there's a big question mark about how private your messaging really years. absolutely this is the tip of the iceberg and i think it brings up again why it's so important in fact you know we really we i think and what's that been very tough and it's commendable really that they have not just stood up against n.s.a. group in this particular example but over the last few years they've continued to defend and 20 crippen in their platform and i think it is a good example of why we need spaces like whatsapp that are enter an encrypted so that we can have private spaces online because the slippery slope that we're currently in is to well when it's just absolutely no trust in security in the online world and that is as i've said before just crippling from the perspective of civil society free speech privacy and the ability of 7 and groups human rights groups jenison others to to operate you know we cannot do human rights work in a surveillance state or thank you so much for coming and talking about your perspective tony

mark: ok.lor: there's been a lot of rumors this week and talks about libra, if the cryptocurrency works, if it doesn't. is facebook doing the right strategy by going out on these new ventures, or do you think they should just stick to their core business? mark: i don't know. you are asking a good question. libra -- look, they have these wonderful assets. one is facebook messenger and one is whatsapp. these are the two most popular messaging applications in the world, and right now, they generate about zero in revenue for the company. so could they monetize it through advertising? they are pretty good at doing that, so they should probably try that first. could they create a wallet around it? yes. does it have to be a crypto-financed wallet? i don't know. that was always the question in my mind. why do we have to go libra? but i think it's too early to call whether that was the right move or not. that they think about monetizing it through a wallet, i think it is a very good idea. taylor: as you

i'm mark crumpton. this is bloomberg. shery: live from bloomberg world headquarters in new york, i'm shery ahn. welcome to "bloomberg markets." here are the top story that we are following around the world. mark zuckerberg is struggling to convince congress that the company's plans for a cryptocurrency are wise in light of the all of the other challenges the company has failed to solve. boeing lays out a blueprint for recovery, mapping out a sharp is to output of the 737 max. we have the latest. wework will nearly avoid financial ruin and in the process reward its former leader billion.uch as $1.2 in the meantime, the financial times reporting wework is planning to cut as many as 4000 jobs. let's get a quick check on the major averages. we see u.s. stocks slightly higher, fluctuating between gains and losses through the session. the s&p 500 around the 3000 level. we see boeing leading the gains on the dow, which is also flat. they say they expect the 737 max to be cleared to fly this year. semiconductors weighing on the i

taylor: that was coinflex ceo mark lamb.ing up we hear from a former chairman and ceo of nasdaq. later, whistleblower is the word in washington. but before then, there was cambridge analytica. this is bloomberg. ♪ taylor: when bob grice l took the reins of nasdaq in 2003, he knew he had his work cut out for him, as did the board. he got off to a running start and made key personnel changes, trimmed costs, and landed big deals. in the process, he made nasdaq into a very different institution. thursday, he spoke to david westin about his new book, "market mover." bob: the most important move we made was to buy inet, we got the best technology on the street. a lot of the high-frequency firms use some version of inet today. we gained market share. when i think about the 47 acquisitions we did, the only one we had to do independent the price was inet, we were institutional risk. we were losing market share and money every day and we didn't have any technology on the shelf that had proven great faith. the rest of the acquisitions

the discussion up for mark zuckerberg. the discussion upfor for mark zuckerberg.n up for discussion this time around was their ambitions to launch a global crypto currency named libra. mark zuckerberg said that if they we re mark zuckerberg said that if they were held back from seeing that ambition through that somebody else would step in their place and that other person could be a company in china. however zuckerberg did pledge to only launch libra if the company was able to get approval from all the relevant regulators in the us. the company was also criticised over its recent policy changes on political ads and how they have decided to no longer fact check political advertising on the platform. and there is also growing concerns that new features that will be added to facebook‘s messenger app in the future could make it easier for criminals to share images of child abuse. there is the feeling here that is growing that lawmakers think facebook should be concentrating on solving its existing problems before taking on a huge new project like libra. dave lee in wa