the lawyer michael evan, knotty. he's the guy who represented the adult film star. still mcdaniels in those states against donald trump nodding was big to, to trying to extort up to $25000000.00 for nike threatening the company with bad publicity if it didn't pay up. and atlanta says, almost all it's models in europe and north america will have the electrical plug in gas electric versions by 2025. it's investing at least $30000000.00 in transformation. the company that combines via chrysler and pay jo, developing legal electric vehicle platforms with ranges of up to 800 kilometers a great disappearing act. hundreds of kilometers of rail tracking station facilities were pilfered and sold for scrap metal during south africa lockdown. economists say the 5th is curtailed up to one percent of growth. economy is buckling under the strain of the co, the crisis and ramp and unemployment. this used to be a busy railway station in downtown janice, the like many of those in africa, most developed economy. it's been laid waste. do you know the countries extensive loc downs is o

♪♪do welcome to the show, you are lacking the foxbusiness network trump antagonist michael evan i sentencedfter being convicted on charges of attempted to extort millions of dollars from nike. gerri willis has the details. >> a manhattan federal judge sentenced disgrace california lawyer michael abernathy two and a half years in prison for his attempt to extort an estimated $25 million for mikey. his convicted on charges last year of trying to extort money for the sportswear giant which he represented los angeles youth basketball week organizer nike endorsed week sponsorship. hume threatened to release allegations of conduct oppressed comments on the eve of the nike earnings release and start of the ncaa tournament. he promised to cancel the press conference if nike gave $1.5 million and agreed to hire him on 815 -- $25 million retainer is known as a vocal opponent of president johnson and represented adult film star, stormy daniels, who seems to have had an affair with the president before he was in office and suing over an alleged hush money payment from trump before his 2016 run. the acc

michael mckee talking to charles evans of chicago later today.e rocky mountain summit, about 30 miles southwest of jackson hole. a preview to jackson hole. this is a joy. there are so many negative stories about asset management, woe is me. it is nice to talk about a huge success. own a piece of the rock. you know it from prudential, their iconic effort since 1875. out of that it has become pgim. erik schatzker with the spirited conversation with the ceo taking a victory lap at pgim. erik: absolutely. that ceo is david hunt. always a delight to have you with us on bloomberg television and bloomberg radio. david: good morning. right to be back with you. erik: we heard it from jay powell and no doubt he will say the same today. too early to pull back on monetary stimulus. let's translate what that means for investors for monetary markets as someone who speaks for $1.5 trillion. is now still a good time to be taking a risk or is now time to get cautious? david: first a few comments on the chairman's remarks yesterday. i think he will say exactly the

michael of bloomberg had jim bullard and charles evans on this issue. >> it is clear that some of the inflation will be temporary. how much and how much feeds into more persistent process is the question the committee has to wrestle with going forward. i think we are already above our target on core pc inflation. the committee of the economic projections is projecting 3%. that is excluding food and energy prices. that is more inflation they may have seen in a long time in the u.s. some of that will hang on and persist through 2022. we had hotter reports then we anticipated recently. there is some possibility we would ratchet up our expectations for inflation to 2021 and 2022. this is a different situation than we faced in the past. >> inflation has picked up stronger than i was expecting. i was expecting us to go above 2% this year because of reopening base effects where prices dropped a lot last year. inflation was expected to be well above 2%. i am looking for core pce to be 3% year-over-year at the end of this year. might be a lot domestic given some of the developments. never woul

michael mckee. we spoke to the chicago fed, charles evans, and while inflation has picked up more than expected, next number -- normal. >> so here we are now in a strong rebound, the economy is recovering very strongly and growing very well. in fact, the numbers are so large, i have a hard time keeping them in my head. i'm expecting real gdp growth is going to be extraordinary number. and when you take an economy that's 75% and take it to 100% or more, that comes with growing pains. but growth has been good, 7% this year, looking for 3% next year, which is a very good level of growth. the kind of numbers i find more transparent in terms of naturalness or the unemployment rate numbers, even those are subject to a lot of interpretation given labor force . i'm looking for unemployment rate at the end of 2021 to be about 4.5%. we're five point 9% unemployment right now and come down dramatically -- 5.9% unemployment right now and come down dramatically, which is good. i'm still optimistic that's the case. but that's certainly one of the things i monitoring. and the next year, i'm looking for unemployment

michael flynn, trump's former campaign advisor george papadopoulos. several of those associates were pardoned by trump and we begin "outfront" live in washington. evan, what do we know about the charges against tom barrack? >> reporter: if you read this indictment from the brooklyn prosecutors, you get the sense tom barrack's personal business was intertwined with donald trump and what you see reportedly according to prosecutors is efforts to try to use his connections to trump to try to help his clients in the united arab emirates. in 2016 according to prosecutors, then candidate trump was delivering an energy speech at the behest of the praising of the uae and according to pros coecutors, th provided talking points for one of his television appearances and according to prosecutors, he after he did his tv appearance, he says quote, i nailed it for the home team in this case, according to prosecutors, he was referring to the uae, not the united states. he also tried to get someone who the am rotties were promoting to be ambassador to the uae. according to barrack's spokesperson, he made himself available to investigators from the outset. he's not gu