the companies never told mastercard users of this arrangement.to bring in a bloomberg analyst. how does this work? >> they announced a technology last year but they didn't say they had done a deal with mastercard to get it done. >> is this legal? has a lot been broken here? and not disclosing this? >> probably not. it is a classic case of when you sign up for a mastercard when you sign up for google services, page 24 paragraph three says something like you give us permission to use data for marketing purposes. generally the phrase that mastercard users in the agreements for sure. >> google is in hot water with the president. teeth hisnow how much threats have. how does this pile on to what google is already dealing with? >> those are two separate issues. the search issue and the bias issue. side, it cuts to the core of what google does. the general pact we make with google and facebook is we get great services and in return they get to use our data. don't tell us specifically every time that they are using our data or what it is for. that is the

san pellegrino. ♪ ♪ tap or click with your mastercard.bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ >>> there are new details about what may beat largest swindle in wall street history. an alleged $50 billion ponzi scheme by former nasdaq chairman, bernard madoff. >> what would you say to them? >> when you have a collapse on wall street, i always thing of it as the the water going out of a lake or see the roots of the trees, ugly stuff that gets caught in them including dead body. that's huh i feel like the water went down, so much. and everybody was like, that's bernie madoff down there. >> a wall street whiz with a golden reputation. bernie madoff earned trust from many clients because he made them money. lot

. ♪ ♪ tap or click with your mastercard. a moment to start something priceless. >>> i'm here today because we're taking action to bring many thousands of americans closer to own iing a home. >> homeownership had been expanding during the early and mid-2000s. part of this is bush's administration making this a priority. >> one of the biggest hurdles of homeownership is getting money for a down payment. so today i'm honored to be here to sign a law to help many low income buyers to overcome that hurdle and achieve an important part of the american dream. >> this was everything americans were supposed to want. the security and stability of owning their home. maybe you were supposed to stretch a little bit because since the great depression on arch home prices had had only gone up. >> if there's one area of the economy that has stood its ground, it's the housing market. still a hot market fuelled by low interest rates and hopes that reali estate will offer no only a safe haven but continue to gain value. >> they are join iing th

. ♪ ♪ tap or click with your mastercard. takes a moment to start something priceless. >>> we have a new young comedian with us tonight, just 19 years old, and graduated about six months ago from the high school of performing arts in new york. would you welcome freddy prinze. >> he had this la tee no energy to comedy in a way we hadn't seen it. he was an ambassador. >> i could never figure out how my parents met. they were on the subway, trying to pick each other's pockets. >> he goes on the tonight show and does this set, catches fire. carson brings hem over. all right, that's another -- this is incredible. then they go to commercial. they come back again, they bump the guest to talk more with this young comedian. >> you know, there's no greater thrill for me personally than to have somebody come out here and absolutely wipe them out first appearance coast-to-coast. that's great. >> he had a sitcom so fast he became kind of the template for what you wanted to achieve if you were a standup comic at that time. >> mommy, what t

humira. ♪ ♪ tap or click with your mastercard.. >>> when you can nail the chemistry of two comedians -- >> that's the way i learned about comedy was comedy teams. >> who's on first? >> michelle pfeiffers. >> don't know why chemistry works, it's just beautiful when it works. >> we'll just stand here until they fade to black. >> history of comedy in it together next sunday at 10:00. >>> what i find interesting in terms of gone too soon is not so much those comedians who died, but those who quit doing standup forever, larry david, steve martin, all these people were immensely respected standups. >> have i started yet. >> i think a lot of standup comedians have an ambivalent relationship with comedy. a steppingstone for those people, like they have something else on their minds. >> steve martin quit doing standup at the height of his fame. >> i knew it was over about a year before i stopped. i wasn't being creative in it anymore. and i didn't really know how to write for such a big audience. >> i spent $150 for a tape recorder, and as

the companies never told mastercard holders of the arrangement. a report that wells fargo is working with nonbank mortgage lenders. the bank is looking at lenders whose borrowers tend to be low income are first-time homeowners and they are backed by the u.s. government. wells fargo is not commenting. that is your bloomberg business flash. alix: the fda is taking steps in fighting the growing opioid crisis. alan krueger says the opioid prescription that account for .6% of the decline in the labor force participation rate. a very judgmental affect to the overall economy. the fda wants to implement a focused approach to pain medication. jenny now is scott gottlieb. thank you -- joining me now is scott gottlieb. they key for joining me. talk to me about this new guidance. scott: what we announced this week is is a series of new guidance talks we are going to be issuing a rethink is going to lay out a more efficient pathway project developers to bring medications to market that treat pain. previously we had guidance laid out in a document that we issue

♪ tap with your mastercard. a moment to start something priceless. ♪ ♪ ♪ ultimate freshness with every move. the more you move, the more it works. degree®, it won't let you down. i knew at that exact moment ... ating this. my main focus was to find a team of doctors. it'sust picking a surgeon, it's picking the care team and feeling secure in where you are. visit cancercenter.com/breast hurry in to old navy for the kids and baby sale with up to sixty percent off. with styles from two, four, six, and eight dollars. make back to school shopping easy with buy online, pick up in store. with styles from two, four, six, and eight dollars, only at old navy. ♪ [ cheers and applause ] >> seth: welcome back. and give it up for the 8g band, everybody, right over there. [ eers and applause ] also sitting in with us tonight on drums, he's a two-tim grammy-nominated artist, producer, and educator from right here in new york city. his new album, "pocket change", is out now. for tour dates and more, go to natesmithmusic.com. nat

will still accept all debit cards, including visa and will accept other credit cards like mastercard and american express . >>> some people in burlingame are not happy about plans by caltrain to put up a tall electrification tower right in front of their homes. jesse gary has details of this conflict and how caltrain wants to solve the problem. >> reporter: 01 simon says he moved to this burlingame house in the mid-90s to escape the city. and for his two young boys education. >> for the quality of life here. you can basically walk anywhere in burlington. >> reporter: a short walk out his front door on california drive, a potential problem is taking root. not the entry next to the caltrain sound wall but what is proposed for the site. they want to erect one of 10 power pella -- paralleling station. a 60 foot high structure used to distribute power once the tracks are electrified. right now the proposal is energizing residents opposition. many of whom say they found out yesterday with a flyer on their door. >> families live here. these powers give off emf and it is hazardous to our hea

will still accept all debit cards, including visa debit cards, as well as mastercard, american expresse reached for comment. vanessa rosales says this ban on visa credit cards, may not be a permanent thing. sound from - vanessa e. rosales ÷ foods co, director, corporate affairs " kroger still negotiating so could go either way " in san francisco gabe slate kron 4 news. coming up after the break.... we take a trip to los angeles... and explore some new attractions you have to see to believe. ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ (ácommeralá)(áábreakáá) (dave)anticipate another slightly cooler day over the interior as high pressure continues to weaken ahead of an approaching trough. moderate onshore flow coupled with a slightly deeper mar

of course, there is no visa or mastercard at the time but you take my meaning. they set the minimum price at $1.35 per acre which is pretty high at the time. that is a lot of money in 1827. in fact, it's going to be very difficult for a lot of small farmers to purchase this. if you are poor and have no property at all, this is really out of the question then. there is no limit on the amount of land an individual could purchase, so you could see there on the one hand we are limited speculation, but on the other hand we allow it. like so many pieces of legislation, this is about compromise. you can see all of the elements of this debate and conflict, and they are trying to resolve that within the context of statutes like this, but you still see all of the competing parties and interests at play here. so the next act is -- and the title of this should alert you to what it is about, the active relief for the purchasers of public land and the suppression of fraudulent practices. this is 1829. we just laid out for the orderly transmission of the land. and in 1830, we

. >> reporter: major brands like ibm, ford and mastercard offer these programs to sharpen skills, buildnce and ease the transition back. and far from getting coffee, responsibilities and pay are often in line with other mid career jobs. >> this internship for me was not a step down. it is a full-on executive position that utilizes my skills and background. >> reporter: carol fishman cohen is co-founder of i relaunch. her company encourages employers to see the value. >> we see it as a talent pool that employers can't afford to ignore. >> reporter: after just 16 weeks, kelly was hired full time and says her time spent as a full-time mom is more valuable than ever. >> i'm completely comfortable in front of anyone. if i can face a roomful of moms, i can face anyone. >> what a great idea. it's a revolution in sleep. the new sleep number 360 smart bed, from $999, intelligently senses your movement and automatically adjusts. so you wake up ready to train for that marathon. and now, save up to $500 on select sleep number 360 smart beds. ends wednesday. >>> good morning. i'm kendis gibson. >> a

will still accept all debit cards, including visa debit cards, as well as mastercard, american expressr credit cards.visa could not be reached for comment. vanessa rosales says this ban on visa credit cards, may not be a permanent thing. sound from - vanessa e. rosales ÷ foods co, director, corporate affairs " kroger still negotiating so could go either way " in san francisco gabe slate kron 4 news. (mabrisa)i have your forecast coming up a bit later on... "so i'm a little jealous, i think i want to come back for my second life as a surfing dog."(michelle) just some pups going out for a ride. we'll take you to the dog surfing competition in pacifica .. next! (michelle) if you're one of the lucky ones who don't have to drive out of san francisco on weekday afternoons and evenings...try to keep it that way. stanley roberts shows us...in real time...just how much time people are wasting in traffic. .. i wanna make a turn here, but the

and today, mastercard announced an additional 75,000 in commitments, and united airlines announced an additional 1600 new job commitments and enhanced career opportunities. so we are very excited about this, and this is a campaign that is just beginning. so we encourage everyone to go back to their companies to sign our pledge to america's workers and to help us think holistically about investing in our country's greatest resource, the skills of our people. mike: senator marco rubio is introducing a paid family leave bill, the economic security for new parents act. you've been pushing this idea since day one. why has it been so hard for all of government? ms. trump: well, so this is not exactly part of the republican lexicon when we arrived in d.c. in january 2017. but the president was talking about the importance of paid family leave, starting in the republican primaries. so this wasn't just an issue he was talking about in the general election. he had been talking about for a long time. it was in both of his budgets, the first time a present has made an allocation in a president's

google and mastercard credit secret -- cut a secret deal to track sales.uld attract whether the ads they ran online related to a sale at a physical store in the united states. the company never told mastercard holders of the arrangement for that is your "business flash" update. caroline: the imf says argentina has its full support. the peso gained ground .oday on a statement earlier on bloomberg, the ceo shared his view on argentina. >> i think the market reaction in argentina caught a lot of people in the market by surprise . i think the technicals where there was some euphoria over macri coming in. many of us do not anticipate how strong the reaction would be when the news got not so good. for those of us who have been in these markets for a long time, i was cochairman back in 2001 to 2005, this is somewhat of a blip. in terms of the fundamental news, the fundamentals are stronger. with the macri administration, it is not a surprise that the imf made the announcement as i was on my way over here. it is important to washington and international institutio

they will accept debit cards and they will accept mastercard and american express. >>> experts are alarmedthe tsa proposal to drop security screening at smaller u.s. airports. there are reports that the tsa is considering no longer screening travelers at more than 150 smaller airports. aviation experts worry that that can make airports the target for terrorism. the tsa issued a statement say no decision has been made and it would take a risk assessment before changes are approved. >>> it is 7:45. nancy pelosi once the investigation into the cleanup of the naval shipyard in san francisco. earlier, two supervisors with tetra tech in charge of cleanup the property, they were sentenced to federal prison and the supervisors admitted to swapping out contaminated soil samples with clean samples. nancy pelosi once an investigation extended to other government agencies, including the navy and the epa which is in charge of regulating that.>>> let's check in with sal. >> we are looking at the south bay we are looking at the freeways into the silicon valley . i want to check in with 280 and you can se

who have substantial medical debt, and again, you know, a lot of that shows up on a visa card or mastercardbecause that's what the hospital or doctor will take and that debt becomes unsustainable and one financial problem and you're in bankruptcy court. and the caller was talking about being self-employed, and we also see, again, in other research that viewers can find on the internet, about self-employed persons and bankruptcy. of course self-employed persons will tell you their income is notoriously cyclical. it goes boom and bust. if you have some of these financial problems at a bust time, and you start getting aggressive debt collection, that's when we're seeing people show up in bankruptcy court, and that's -- you know, was the stories from this caller and the other callers are very consistent with the data, that our respondents also tell us that one of the things that would drive them to bankruptcy court is aggressive debt collection. >> so what -- what laws can be changed to help older americans? >> that's a great question. i've thought about that a lot, and i've gotten asked that q

credit card stocks, visa, mastercard, helping out with gains for the year. we will see what happens into the close but overall u.s. equities good largely held up by stocks. david: great to have you with us. coming up, less than three months until election day and the house majority up for grabs. guy cecil joins us ahead. this is bloomberg. ♪ shery: this is bloomberg markets: balance of power. i am shery ahn . david: i am david westin. trump called the official bruce ohr a disgrace and asked about his secret declared, the president said i suspect i will be taking away very quickly. for him to be the justice department and doing what he did is a disgrace. president trump: i say it again, that whole situation is a rate which had to -- rigged witchhunt. they should be looking at the other side, looking at the people who got fired live them, they should be looking at bruce ohr and his wife, for dealing indirectly with russians. they should be looking at steele and all of the fbi guys who got fired and demoted. it is not as. -- us. ohr work for using gps. -- use a

will still accept all debit cards, including visa debit cards, as well as mastercard, american expressnd discover credit cards.visa could not be reached for comment. vanessa rosales says this ban on visa credit cards, may not be a permanent thing. sound from - vanessa e. rosales ÷ foods co, director, corporate affairs " kroger still negotiating so could go either way " in san francisco gabe slate kron 4 news. (ken) (ken) we have a scam alert for you this evening... police in alameda are warning about a possible credit card scam. over the weekend... officers discovered a card reader with a camera attached to it on an a-t-m. these are pictures of the a-t-m. police say a pinhole camera was being used to record people's pin numbers. experts say the number of a-t-m's being targeted by these types of devices has increased by almost ten percent in a year. (justine) double check your salad and wrap products -- health officials say there are concerns about a possible parasite contamination. some beef, pork and poultry salad and wrap products were sold at stores like kroger, trader joe's and wal

other credit cards like mastercard and american express will be accepted. >>> a major victory against cybercrime is reported after the arrest of three key members of an international cyber hacking group the u.s. attorney's office says the ukrainian nationals who were arrested are part of a bigger hacking network. they are accused of fishing attacks on more than 100 companies in the u.s. and all over the world. that includes chipotle, chili's, and arby's restaurants. the hackers allegedly stole millions of customer credit and debit card numbers which were used for being sold for a profit. all three men were arrested in europe. two are still awaiting extradition to the u.s. to go on trial. >>> amazon has agreed to pay $1.5 million to settle claims it mislabeled some plastic products as biodegradable. district attorneys in 23 california counties including alameda da nancy o'malley sued amazon. they argued company ignored a state law that requires products to be certified as compostable to meet that standard. products have to be tested to make sure they can break down at a composting faci

it seemed like it helped mastercard, paypal, visa. tech names, they are still on shaky ground. here is the thing. hot money continues to flow. boosting bio shares big time. after the close. casinos are getting slammed, but shares of tesla are higher despite the lower revenue number after the close. >> i literally just got off the call. it's possibly still going on. the earnings per share was lower than expected. they had a loss at the quarter of $3.06. that's a record loss. it's a big thing. when is tesla going to make some money. they had better than expected cash burn. revenue is at $4 billion which is higher than what was expected. in after hours trading you are seeing a massive uptick. the robe for that is the future outlook on profitability. you had elon musk on the call. he said going forward they are going to have a positive cash flow for every quarter here on out. i was reading a lot of commentary. 26 minutes into the call and here we are talking about the future and how we'll turn a profit. they believe model 3 gross margins

will still accept all debit cards, including visa debit cards, as well as mastercard, american expressnd discover credit cards.visa could not be reached for comment. vanessa rosales says this ban on visa credit cards, may not be a permanent thing. sound from - vanessa e. rosales ÷ foods co, director, corporate affairs " kroger still negotiating so could go either way " in san francisco gabe slate kron 4 news. (vicki) ahead at nine-- a a violent robbery at a beauty supply store caught (vicki) (vicki) ahead at nine-- a a violent robbery at a beauty supply store caught on camera... what the suspects used that helped them get away... (grant)topvo plus... a new school in the south bay... won't be ready in time for the school year... leaving parents scrambling to find a place for their kids to go. (vicki) and after the break... the deadly carr fire continues to rage in redding... tonight we take a look at newly-released video showing a mother and daughter escaping the massive flames... now at 9:30...the deadly "carr fire," rages near redding, and tonight newly- released video gives a glimpse

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liz: visa mastercard work in great. good to have you, sir. dryden pence.ng bell rings] the dow, s&p, nasdaq all in the green. we'll see what happens for the weekly win. >> strong economy and positive signs on trade with china driving stocks higher today. the dow ending the day up triple digits. up 132 points, near session highs. green for the s&p five hundred and nasdaq as well. i'm susan li in for melissa francis. david: good to see you. happy friday. good to see you. happy friday. here is what else we're covering for you at a very busy hour. getting the country back to work. the unemployment near a two-decade low. what today's numbers say about the strength of the jobs market and strength of the e

liz: visa mastercard work in great. good to have you, sir. dryden pence. [closing bell rings] the dow, s&p, nasdaq all in the green. we'll see what happens for the weekly win. >> strong economy and positive signs on trade with china driving stocks higher today. the dow ending the day up triple digits. up 132 points, near session highs. green for the s&p five hundred and nasdaq as well. i'm susan li in for melissa francis. david: good to see you. happy friday. good to see you. happy friday. here is what else we're covering for you at a very busy hour. getting the country back to work. the unemployment near a two-decade low. what today's numbers say about the strength of the jobs market and strength of the economy. >>> evacuations in virginia, forcing thousands from their homes, threatening to drown a city in just minutes. we're on the ground in lynch berg with the very latest. >>> fed up with crime in chicago. protesters shutting down traffic in chicago, demanding mayor rahm emanuel resign. saying the democratic leader failed them. gianno caldwell was at th

other credit cards such as mastercard and american express will still be accepted. >>> coming up, the search intensifying for a missing iowa student with ties to the bay area. reword police are hoping will lead someone to come forward with information in the case.. >>> considering legal action against safeway. one woman who says she was unfairly accused of shoplifting even though she never left her car. california phones offers free specialized phones... like cordless phones, - (phone ringing) - big button, and volume-enhanced phones. get details on this state program. call or visit and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit three new information about the disappearance of molly tibbetts . the missing iowa college student with bay area connections. her parents are now issuing a passionate plea for her return. tibbetts was last seen two weeks ago going for a jog in brooklyn, iowa. her family this morning announced a reward fund has been established with crime

the company's never told mastercard holders of the arrangement.ells fargo is working with nonbank mortgage lenders to package for months and to investors. the bank is looking at lenders whose borrowers tend to be low income first time homeowners backed by the government. wells fargo is not commenting. that is your bloomberg business flash. flashback to the reality for europe. sebastian raedler with us of deutsche bank. you doesinated how tech. is the way you do tech at deutsche bank that you have dubai american apple, microsoft or can you buy e.u. tech? we have got a tech sector and it is the most expensive in the european equity space. from thiser to model macro perspective we have been discussing because it has got a strong product cycle. it dislikes a weaker dollar because it has got exposure to the u.s. softening in growth sentiment which we are seeing at the moment. we are under way. aroundlar we think has 3% downside in the coming months and the sector is expensive. tom: should americans buy eu stocks? we are underweight. we have a call rela

♪ ♪ tap or click with your mastercard.hing priceless. by living off the grid. completely. or... just set the washing machine to cold. do your thing. with energy upgrade california. [ cheers and applause ] ♪ >> seth: welcome back, everybody. our next guest is an emmy-nominated actress who stars in "orange is the new black." the sixth season is streaming now on netflix. let's take a look. >> do you alex accept this contraband paper clip we found in the law library in a book about the landlord case, "bottoms v. bottoms," which sounds fascinating as a token of piper's eternal appreciation and love. >> i do. >> oh, that's why that [ bleep ] on there. [ light laughter ] >> seth: please welcome back to the show, natasha lyonne, everybody! [ cheers and applause ] ♪ ♪ >> seth: welcome back! >> thank you, seth. >> seth: i'm so happy you're here. you look wonderful. >> thank you. >> seth: this is very exciting. you went on a global press tour. >> oh, yeah. >> seth: to promote this season of the show. >> yeah, well -- you know, berlin

. ♪ ♪ tap or click with your mastercard. back, baby. applebee's. charmin ultra soft! ♪ it's softer than ever. charmin ultra soft is twice as absorbent so you can use less. and it's softer than ever... so it's harder to resist. okay, this is getting a little weird. we all go, why not enjoy the go with charmin? you are many different things, in one amazing package. and t.j.maxx lets you express every one. with our unique mix of must-have brands at must-buy prices, you'll always save on something for every you. maxx you. maxx life. t.j.maxx. is this at&t innovations? yeah, wow..this must be for one of our new unlimited wireless plans. it comes with a ton of entertainment options. great, can you sign for this? yeah. hey, uh.. what's in that one? that's a shark. new and only with at&t, you can get unlimited data, 30+ channels of live tv, and your choice of things like hbo or pandora premium. more for your thing. that's our thing. visit att dot com. [ cheers and applause ] ♪ >> jimmy: these guys know how to do it. performing "mi g

save $200 on this dell laptop ♪ ♪ tap or click with your mastercard.only takes a moment to start something priceless. child, voice-over: there was an old woman who lived in a shoe. she had so many children, she didn't know what to do. i'm home. child, voice-over: she gave them some broth... without any bread... [siren in distance] and kissed them all soundly... lights out. good night. child, voice-over: and put them to bed. hunger is a story we can end. end it at feedingamerica.org. >>> president trump heading back to the campaign trail after notching another big win last night in tennessee. that's where trump's pick, congresswoman marsha blackburn, won the election for the senate seat. up front, joan walsh, the nation's national affairs correspondent and cnn political commentator along with steve cortez, member of the president's 2020 reelected a vi -- reelectcouncil. when you look at trump's candidate he is endorsed, congress or senate or governor, his wins, 19, his loss column, four. could he single-handedly deliver the house? >> absolutely not. his

mastercard ceo sold $44.4 million worth of stocks just months after the company announced a buyback.e was the largest single cashout by an executive of the company in at least ten years. 55,000 shares were sold for $5.4 million two days after the company announced a $2 million buyback. the corporate tax savings are bypassing workers and going straight into shareholders' pockets. joining me now to talk about this is my friend ron kushevxi. companies were to have cash freed up and reinvest it in the company and see wages go up. when you think about who the priorities are, their shareholders and their consumers and we haven't really seen it hit the worker yet. >> we have to pay fair competitive wages, we have to serve our communities and we have to make our share price go up. that's my job. >> yeah. >> and so that's what we do. stock buybacks are a form of corporate finance. they need to be done like investments. you can buyback stocks. you can make investments. you can pay dividends. to sit there and just link it completely to executive compensation i think is rather simplistic and not

place on earth ♪ [ sobs quietly ] ♪ ooh, heaven is a place on earth ♪ ♪ tap or click with your mastercard trials and the triumphs. it's a journey. and petsmart is with you every step of the way. discpump, foam, hydrate care foaming body wash. new dove men + care foaming body wash it's a high-tech revolution in sleep. the new sleep number 360 smart bed. it intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up with the patience of a saint. the new sleep number 360 smart bed, from $999. smarter sleep will change your life. weaving your own shoes...rgy by out of flax. or simply adjust your thermostat. do your thing, with energy upgrade california. ♪ [ cheers and applause ] >> seth: our next guest is a golden globe award-winning actor you know from his iconic role as arthur fonzarelli on "happy days" and such shows as "arrested development" and "parks & recreation." he recently received an emmy nomination for his work on hbo's "bar

. >> mastercard and visa continue to grow in their valuation i still don't thinks hava -- >> that's one way to play this kind of emerging e-trend especially because you're seeing these devices, the payment processing devices just in a lot more places. >> you're not betting on the team, you're betting on the game it's processing, but a dint wffn way to do it >> back to school, we're partially for this report back to school, i think it will be strong and the valuation here is cheap. i want to stay long it >> bfl >> we have a big round in consumer discretionary, but tiffany and lvmh, and i think they're defensive on the trade front because face it, these are aspirational purchases and take a look at those. >> the visa, the squares and you have the fls and the tiffany's we know seymour was going high coming up, jack dors owe the defense feeling the heat about who should have a voice on social media platform, but is he putting investors in jeopardy. we'll have the story you ned to hear in the meantime, here's what else is coming up. >> plus, not well. you know the pricing and it could talk o

. ♪ ♪ tap or click with your mastercard.the saints" is available now. and 100% of the proceeds go to his charity, the love for love city fund. ladies and gentlemen, please welcome kenny chesney. ♪ [ cheers and applause ] ♪ >> jimmy: chesney. >> what's up, man? >> jimmy: always good to see you, buddy. >> good to see you, too. >> jimmy: always good to see you. thank you for coming back. every time you're on the show, you just crush it. so i only get a chance to talk to you over there and go like, "thank you so much." but i really, really mean it. >> thanks for having me. >> jimmy: thank you for doing that. and you're on tour again? >> we have eight shows left. >> jimmy: wow. >> yeah, so we've been really busy this summer. it's been a great special summer for us. >> jimmy: it's not like a a little tour where you're just go running through these little theaters. these are like stadiums and -- look at this. >> a lot of energy right there. [ cheers and applause ] >> jimmy: 50,000 -- do you get nervous still when you do that? >> i

one of the examples is taking visa and mastercard, and allowing them to enter the china domestic payments market. another example, jpmorgan entering a joint venture into the market as well. these are just some of the topics that need to be discussed, that are put on the table. however we know the president weighed in earlier this week, says he has very low expectations for the talks with china and that he is in no rush to get it done either. seems like all countries right now are not on the same exact page. mexico behind me, they just came out, they're optimistic. still waiting for new news about china. cheryl: that begs the question though, is this president once again trying to make a deal? is it a negotiating tactic? he has a lot of them up his sleeve. kristina, it is loud out there. thanks. >>> columnist liz peek is here and kaltbaum capital management president gary kaltbaum. let's go back to mexico. we keep hearing despite there might be a little bit of back and forth in the last minute, this is five weeks of talks with mexico. if we can figure out, if we agree to a sunset clause in

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think one of the misperceptions, and i shared it too because i'm so close to the visas and the mastercards, hey, we're going to a cashless society. well, it turns out not just that plastic is doing well. but cash is doing betterin som ways the growth is amazing. >> the growth is great in cash, and it has been for years. the last year cash in circulation in the u.s. alone was 6% that's 6% on top of at least 5% growth over the last 20 years. and what that means, in fact, as an investor, i'd sit and say what does that mean to me? well, that's better growth, substantially better growth than gdp. and if i can get a business invested in that's substantially higher than gdp growth, it makes a heck of a lot of sense to do that but one of the big things that's very interesting about this our competitors, as you're suggesting in the digital, the fintech space are the ones that come back that say cash is good. it is growing. it's going to be there for quite a while. paypal have said two things. one when they're asked in an interview, whose your biggest compete snore cash 85% of total payments globall

four hours from now, the top dogs of companies including fiat chrysler, mastercard, fedex, johnson &nson will dine with president trump. the main course will be their thoughts on the economy. likes of pepsi, boeing's dennis mullin berg and harold ham will be giving perspective on u.s. growth and priorities for the year ahead. we thought let's bring in a ceo whose business is uniquely tied to an improving economy. trex. it makes one of the hottest construction materials for outdoor decks and fixtures. tim klein is here in a fox business exclusive. to the here and now four hours from now, if you were at the table with president trump. what would you say about the economy? >> it's doing great. if you look at what we've been able to do over five years, average compound growth 13%, earnings tracking 25%. this tailwind in the economy, the tax cuts have been phenomenal for us. liz: isn't that amazing and great to hear. and it's interesting because if you looked at the stock, what, back in 1999, kind bumped around for years and years and years and started to improve. low was $2 and change du

well, he figured that was not a real device, and he put his mastercard in the device. >> his dartmouth card. >> it worked. he got the green light. it all had a green light, and they stopped him. we were very upset. you know most of the delegates were fort mccarthy and governor king sort of new what i was up to. he came up to meet face-to-face and head to head and he said, i want my vote counted. we both voted for muskie. and i said to him, governor, you'll get your vote counted. i had no intention of voting the delegation that evening, and when it got to new hampshire i said, new hampshire, and i knew that at the time they would cut me off if i tried to bring in the detention of david into my talk. i knew that's the way they were. they would cut you off and you have no microphone. i said new hampshire, whose motto was live free or die, it later got onto the license plates passes, and i thought that maybe someone in the announcing would mention that our chair had been arrested. i don't know if they did, we never did get to cast our votes for muskie who became the vice president. i remem

that would come out of the mastercard numbers.ing best results since 2012. it is a healthy consumer. they are shopping, buying. results second-quarter reflect that. first quarter results reflect, for six months reflect a strong earnings report. julie: one of the limiting factors for retailers has been cost. that has been a concern. you're looking at squeeze margins. freight costs going up. input costs going up. labor costs rising. how much of a problem is that going to be for retailers? steve: if i look at it over the last six months in the second quarter, margins were healthy. priced good at full selling coming inventories in line and they are coming in to fall in good shape. having said that, you get into issues of tariffs, continued labor wage increases and risk going forward. it is fragile. i would be concerned as we look at the risks associated with tariffs but i feel good about where they are. line is profitow margin, the blue, operating margin. a dip in 2009. generally, on the upswing. steve: you have a positive trend now.

it includes the leaders of fedex, mastercard, boeing, ernst and young, a numberof fedex, mastercard,sident denied. and what exactly on the agenda? what will they be talking about between the starter? rant of the mains? that is a good question. the white house press secretary has said the president will host these business leaders and he sees it as an opportunity to hear how the economy is doing from their perspective that what they thought for the year ahead. this comes at a time were speaking broadly corporate america been largely pleased with the deregulation agenda as well as the present's tax reforms. they see it asa present's tax reforms. they see it as a boost to the economy. many corporate american leaders have criticised him for his immigration policies, as well as the ongoing trade dispute with the likes of china and europe. overthe trade dispute with the likes of china and europe. over the long—term those policies will hurt us companies and the us economy. right now we have got fairly positive employment news and some concern over a lack of labour. that is something corpora