austan goolsbee, sebastian gorka, and congressman matt gates when we return.this special edition of "hannity" trump-elect continues. ♪ because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain,

. >> janine: congressman matt gates, you are from florida also. you just heard austin old speed talk about the economy. what do you say to that democrats and how is that going to effect the 2018 election? do you think the americans are going to believe them? >> they should. if the democrats take over congress the head of the financial services committee will be maxine waters. letting maxine waters anywhere near the economy is about as dumb as putting hillary clinton in in charge of your i.t. department at your small business. right now we have gdp growth that's doubling in the fastest wage growth in ten years. we have home values that are rising at twice that rate and we have had the longest consecutive streak of job growth in american history. just saying, judge, it's so exhausting that it almost takess me tired of winning. >> janine: one of the things the president was talking about yesterday or last night in wilkes-barre pennsylvania, and he talked about the fact that he got nato to step up and he said to melanie as he related to the crowd, he

they reaction is american conservative union chairman matt, and dan bongino, florida congressman matt gatesning gentlemen, the president clearly is correct when he says that the democrats are really pushing their party so far left that they are turning into left-wing notes. it is very far left that they are going. i will start with you congressman gates. we saw that in the primaries. will it matter in the midterms? >> i'm glad it mattered, i'll tell you this, voters want results not resistance. ice to make cases to juries, they have to make the case to voters. we have the fastest wage growth in a decade. more americans are satisfied in their jobs than any other place in the last decades. we have economic growth faster than obama ever did. >> jeanine: i'm going to cut you off. dan bongino, what you think is going to happen in the midterms? >> this is been the gift of donald trump. his refusal to back down to the loony left has really force them into taking different positions. he just nailed it they are now back in antifa and mobs? socialism? this is the best you have? what's with the voters

matt gates was out on the road. sean hannity and mark levin.ed early on when people said i didn't have a chance. endorsed by the sitting congresswoman from puerto rico, my friend jennifer gorn zales. we were able -- jennifer gonzales. i was just the messenger. you guys provided the muscle and no-how to get this -- the know-how to get this done. thank you so much. it may not surprise some of you -- in washington i'm fighting for term limits and things like when congress has a slush fund for sexual harassment settlements, i blow the whistle on that stuff. so i'm not always the most of popular guy in d.c. but i did have some support from someone who lives in the white house at 1600 pennsylvania avenue. i want to thank him for his support and entrusting me and viewing me as somebody who could be a great leader for florida. so thank you, mr. president. look what's going on. we have 4.1% gdp growth. 20-year low in unemployment. we have gorsuch on the supreme court and we are going to add kavanaugh next. the iran deal is dead. our embassy in israel is

. >> janine: congressman matt gates, you are from florida also.tin old speed talk about the economy. what do you say to that democrats and how is that going to effect the 2018 election? do you think the americans are going to believe them? >> they should. if the democrats take over congress the head of the financial services committee will be maxine waters. letting maxine waters anywhere near the economy is about as dumb as putting hillary clinton in in charge of your i.t. department at your small business. right now we have gdp growth that's doubling in the fastest wage growth in ten years. we have home values that are rising at twice that rate and we have had the longest consecutive streak of job growth in american history. just saying, judge, it's so exhausting that it almost takess me tired of winning. >> janine: one of the things the president was talking about yesterday or last night in wilkes-barre pennsylvania, and he talked about the fact that he got nato to step up and he said to melanie as he related to the crowd, he said tomorrow morni

and matt gates. thank you. great fellows. thank you. thank you fellows. also want to recognize our state representative and the former co-chairman of my florida campaign, represent joe grutters. thank you, joe. thank you. and finally -- i love you too. i'd like to introduce a true leader, a proud veteran, my great friend, a tough brilliant cookie. true. he's tough, he's smart, he loves florida and his loves our country and he's going to be your next governor, ron desantis. [cheers & applause] w >> welcome to florida, mr. president. for someone who grew up just across the bay in pinellas county, starting out working 6 bucks an hour, it's a through honor to be standing here endorsed by the president of the united states! i appreciate your support, mr. president, but i appreciate more the leadership you're showing for our great country. we have the strongest economy we've had in years. we have standing four square behind our ally, the state of israel. we have strong constitutionalist being put on our courts, including the supreme court. we have ended the dis

senators john boseman, richard blumenthal, bob casey, chris murphy, pat toomey, and representative matt gatesk you all for being here very much. thank you all very much. appreciate it. we're gathered together this afternoon to pay tribute to a fallen warrior, a great warrior, technical sergeant john chapman, and to award him our nation's highest, most revered military honor. would you all please join me in welcoming a wonderful family that i just met in the oval office, the chapman family. thank you. please stand up. [ applause ] and to his beautiful wife, valerie, who agrees that he was a very brave man right from the beginning, right? you knew that. i know this day has truly brought special meaning. exactly 26 years ago you married john. today is our great honor to share his incredible story with the world, so thank you very much, valerie. appreciate it. and to your daughters, madison and brianna, we award your dad the congressional medal of honor, and i know he is looking down on you right now from heaven, proud of this day, but even more proud of the incredible young women you have both b

we saw matt gates a florida congressman cruise to a primary victory over two of his opponents.een a big proponent of president trump, and that admiration seems to be reciprocated the president and his son tweeting publicly about what a great candidate he is. do you see the president's control of these gop candidacies as a huge factor in how the mid t terms pan out and the core of the republican soul, spirit, call it what you want. >> this is not just donald trump's election, just in general american politics, the midterms offary referend a refee presidency right now donald trump's numbers are low, so they may suffer in the midterm elections. remember just six months ago we were talking about the divisions inside the republican party, the gone on the republican side virtually all of the candidates that we have seen recently that donald trump has been supporting have ended up winning the nominations. >> they lined up loyally behind the president and are being rewarded by it >> look at arizona three different candidates, each one vying to see how close they could get to this presi

he's trying to rally political supporters to essentially harass jeff sessions to do this or get matt gates or mark meadows from the house to continue on this path. could you make that an obstruction case? >> yes. and again, this is not standing alone, right? it's going to be a piece of evidence together with many other tweets, many other statements and the actual acts that he did. remember what just is starting to come out now, that when he fired comey, it sounds like his close associates have told mueller that he knew flynn was under investigation, something he has denied. that could be a very strong part of an obstruction case. so you don't have to look at each act individually. a prosecutor would look at them altogether. >> well, jeff sessions spoke today. here's -- it seems to us he was sort of responding to the president's tweet. take a listen, susan. >> the day i was sworn in as attorney general, the president, president trump, sent me a clear order. he can send out orders pretty quick when he's serious about it, we salute, but this is one that i really embraced, i tell you. he told

history is not going to be kind to mark meadows, jim jordan, and -- and matt gates -- >> or to paul ryanepublican member, every member of the house and senate, the same house democrats who didn't show up, have a responsibility to do the oversight. it is not the speaker's job to tell them not to do oversight. that he thinks they're wrong. when asked he's been clear about what he thinks is factual and what isn't. is not -- he's not -- >> he's taken his hands off -- >> it is not the job of the house speaker to determine the course by every chairman or member. >> the lindsey graham-jeff sessions, what do we make of it? ruth, where are you? >> lindsey graham without john mccain is not going to be a good sight. >> to the halls, that what you're saying? >> no, he were -- they were a good duo, but mccain was his kind of moral compass. >> are you saying lindsey graham is a-- mccain is art gar functional? >> yeah, but the transition forms from from it would be for session and of course the president needs an attorney general that he's comfortable with is really pretty appalling. and the -- this no

. >> sandra: that was congressman matt gates last night talking about bruce ohr, his wife worked foruan williams is here co-host of the five. shelby holliday a video reporter for the "wall street journal" and lisa boothe is a fox news contributor. that was a strong line by congressman gaetz. >> the bonnie and clyde like collusion. >> the x-files. conspiracy theory with bruce ohr at the center and he is also on the list of people the president is considering revoking security clearance for. so the issue is this president going after members of the justice department, of course the c.i.a. in terms of john brennan, critical of people in the f.b.i., most notably strzok and page, and now i think having failed to persuade jeff sessions to quit or end this so-called witch hunt he is going after the man who is number four, i believe, in justice, bruce ohr. >> bill: i think all the rest are unemployed. >> congress is trying to get more information particularly because of his connection to the dossier. the f.b.i. continued to use him as an intermediary with christopher steele after christopher

matt gaetz. congressman gates is right. effort to bring russian disinformation into this dossier and into this election to affect the election. >> judge jeanine: gregg jarrett bruce ohr is in legal jeopardy. what can he be charged with. >> these are the documents, 63 pages, i have looked through them over the last few days i have had them and it's clear to me that he is in legal jeopardy. astonishing that he is still employed. here's why. bruce and nellie ohr's bank account is getting fatter and fatter because of the dossier that they're both peddling. he doesn't disclose it on federal regulations. he is required to do so. so, that is potentially a crime filing a false report. >> judge jeanine: right, right. >> beyond that using your federal office for personal financial gain is federal grew throughout statute violation, bribery statute violation. >> judge: why is the guy still working? >> these guys know this in the department of justice. why is the guy still working? >> because the department of justice is run by a feckle

matt gaetz. congressman gates is right.ort to bring russian disinformation into this dossier and into this election to affect the election. >> judge jeanine: gregg jarrett bruce ohr is in legal jeopardy. what can he be charged with. >> these are the documents, 63 pages, i have looked through them over the last few days i have had them and it's clear to me that he is in legal jeopardy. astonishing that he is still employed. here's why. bruce and nellie ohr's bank account is getting fatter and fatter because of the dossier that they're both peddling. he doesn't disclose it on federal regulations. he is required to do so. so, that is potentially a crime filing a false report. >> judge jeanine: right, right. >> beyond that using your federal office for personal financial gain is federal grew throughout statute violation, bribery statute violation. >> judge: why is the guy still working? >> these guys know this in the department of justice. why is the guy still working? >> because the department of justice is run by a feckless a

caroline: is diesel gate behind them? matt is not, but they are hoping the lions a share -- lions's share is behind them. they have spent billions of dollars on it and there'll be a lot more cash outflows this year because of it, but the total cost for the rest of the or should only be about $1 billion. we are climbing incrementally now, where previously there were huge costs. the real question will be what kind of lawsuits are allowed here in europe, but so far volkswagen has worked closely and well with the european competition commission and they say that they are satisfied with their efforts. caroline: matt miller from the home of volkswagen in germany. remember the function gtv on the bloomberg that allows you to browse all of the recent charts featured on bloomberg tv. catch up on key analysis, pick your favorite and a save them for future reference. this is bloomberg. ♪ caroline: from london, i'm caroline hyde. vonnie: in new york, i'm vonnie quinn. a fixed-rate revenue loss in the second quarter. trading disappoin

gates every day. >> now there's a plan to slow it down. matt keller is live with more on the idea and also the cost. >> good morning, jessica and reggie. b.a.r.t. has tried a lot to try to get people to pay their fares. they have cameras with monitors, inspectors, but aartl ihey from people going up and around the gates. they're going to study it. b.a.r.t. is not allowed to modify them because the contractor owns the software. the only solution would be to replace the entire system, and that could cost between $150 million and $200 million, but the status quo doesn't appear to be working either. b.a.r.t. says it it's a krausco problem that seems to be getting worse. >> $25 million at least. it's sending the wrong message when one person hops over and the other doesn't that we need to fast track the replacement of these gates. even though they still work. >> now, b.a.r.t. says losing $25 million a year to those fare evieders. b.a.r.t. will conduct a study to determine what it would take to replace the gates. they'll look at what other cities lik

matt miller. mike pesca and caitlin huey burns with me. gatested he's a liar, adulter, i want to point out to all of you dudes out there for your mistress that you have to pay rent, i've got to tell you if you pay rent, she actually doesn't like you. how does this play out in eyes of the jury? >> they don't pick their witness tess trial. the defendants do. and people committing criminal acts. >> they're not paying out to the sisters of notre dame. >> that's right. they're not committing the acts with nuns, they're committing acts with other criminals. the key for rick gates, one, the point about accountability he just highlighted. he said, look, i committed these criminal acts. i am here to admit to them, something that manafort is not going to do and i will pay a price. i'm likely to have jail time because of the criminal acts. two, it's not just him coming in saying one thing and paul manafort saying another. you have evidence, repeated evidence, still witness to come with more evidence of paul manafort ordering these criminal acts to take pla

gates and b.a.r.t. loses millions of dollars. >> now there's a plan to slow it down. matt keller is live with more on the idea and the cost. >> good morning, jessica and reggie. take a look at the fare gates at the fremont station. it's really easy to hop over them or go around them. if you really wanted to, but how much is too much money to pay to stop that from happening? that's what b.a.r.t. is looking at right now. b.a.r.t. is not allowed to modify the gates because the contractor owns the software. the only solution would be to replace the entire system, and that could cost between $150 million and $200 million. they estimate fare evaders cost the system $25 million a year. batt will conduct a study to determine what it would take to replace the gates and look at what other cities like new york are doing. >> we really want to know what's out there, how much does it case, what are the benefits, what does it look like? what do our riders feel about it. >> that study will be presented to the board for review some time in the spring of 2019. b.a.r.t. also acknowledges the

the dax is out of the gate that quickly out in front of the cac, up .4 percent. matttake a look at the industry moves, using the imap. it's a great tool. a lot of green on the screen. looking at see we're gains and most of the sectors, in fact all of the sectors except for industrials seem to be doing quite well here. auto-parts leading the way, so that's always fascinating for guy and myself. we all see chemicals and tech stocks doing well, as well as financial services companies. you can see the red there in industrials, but if you break it down further, you don't see a lot of -- you don't see any of the sectors, for example the 19 groups on the stoxx 600, falling this morning. you do have a little bit of weakness in industrials, maybe in basic resources as well. but you don't see a lot of red on your screen. what about the individual stocks? guy: we've got london petroleum trading higher, euronext is picking up a little bit. --t you're not seeing is actually vw is trading higher, up .35%. maybe there is something to this general story that's moving the markets this

said, many, but he specifically cited the moment during rick gates ' testimony,e said, manafort couldn't be that good at it because gets done matt gaetz allegedly stole money. today, a slight victory for the prosecution, ed. he said that he will tell the jury to ignore what he said, to ignore those more those more opinionated remarks, and instead, focus on the evidence. >> ed: was focusing on something else. there are reports out there that long term trump advisor roger stone might be next in mueller's cross hairs. but he hearing about that? >> is looking like. he's come under scrutiny for his connection to wikileaks and lucifer 2.0, whose strzok was a digital friend for brunch and intelligence officers, and now,s bringing in a growing number of people, from stones in our circle, to testify before a grand jury, including that man. >> i don't know anything about russian collusion. i never worked for roger in 2016, if i am being brought into testify about his character or some of the other people there, i've answered honestly. >> the fact that stone himself has not been called in for questioning is another clear sign that he could

rahman had planned to detonate a bomb at the gates of downing street and then kill theresa may with a knife or gun. 0ur correspondent mattvents that led to the sentencing took place less than a year ago. naa'imur rahman came to the attention of the security services who engaged with him in conversations on the internet. he thought he was talking to is supporters and sympathisers, not undercover officers, so he told them he wanted to carry out a suicide attack in westminster, he said he wa nted attack in westminster, he said he wanted to blow himself up next to a gas tanker alongside the palace of westminster so he could achieve nothing less than the death of all the leaders of parliament but eventually he settled on a plot to target downing street in a knife in bomb attack, wanting to set off explosives at the gates, to kill guards to get inside and behead the prime minister theresa may. he was introduced to a man, another undercover agent, and this man told him he could get him explosives and provided him with a backpack on what he thought was a suicide vest, but it turned out they were fake explosive devices. he took t

i'm not so sure that the entire , but youes on gates better believe the defense is going to get out there and argue that this case is not really about matts about -- not about manafort, it is not the case. shery: thank you so much for that, guy lewis. we have plenty more coming up. this is bloomberg. ♪ shery: this is "bloomberg markets: balance of power." i am shery ahn. kevin: i am kevin cirilli. shery: tariffs weighing on the stock of the hour. microchip technology falling. should shares fall back to the level microchip would be on course for its first gain in 18 years. here with more. they had a strong quarter, but that is not helping. emma: it was a forecast error that have a number of investors concerned. they had excess inventory. it shows inventory turnover slowing to a record low. you can see the inventory get the mic for you -- [laughter] emma: they also worried about the impact of tariffs. there's a tariff talk that made companies nervous. let me bring you into the aerminal to look at the f function for microchip technology. the biggest revenue source, the green bar asia, full of by europe and the americas. shery: thank you for

gates get in there. >> let me finish. let me just finish. what they want is -- they want an economy -- matt, i let you finish, please let me finish. they wants an economy that doesn't just work for people at the very top but works for everyone. the bureau of labor statistics just came out with a report last friday wages have declined. >> harris: stop there it's filibustering. go ahead congressman gates. >> longest consecutive job growth streak in american history. fastest growth of wages in 10 years. we have g.d.p. growth that's doubling. so if the american people want to judge based on the experiences that they have had, they have more money in their pocket. they have got a tax cut. and this is ultimate linchts matt, that's just not true. >> it is true, david. here's what is important now you are interrupting me, david. harris invited us to talk about the manafort verdict and cohen. you don't want to talk about either because you are a very smart democrat. >> harris: he can is calling you smart, congressman sis ciccilini you should listen to him. >> i'm happy to talk about the manafort ind