cautionary tale for brands looking to cash in on a national holiday it all begins with a shoe this one mike nike had planned for the special edition of 4th of july trainers to go on sale on u.s. independence day but the inclusion of this is story corps flag on the heel has turned the stunt into a marketing not former n.f.l. quarterback colin kaepernick nike ambassador raised objections to the flak which he said i've been appropriated by far right nationalists the companies deferred to the star and pulled the shoe but triggered a backlash a costly want with the governor of arizona withdrawing a $1000000.00 in grants meant to fund a nike factory in the state in a twitter tirade he called the decision shameful that dramatic and expensive escalation in an introduction that started through the to the brand's slogan just do it and and did with a decision not to do it. and that's it for me and the business team here in berlin for more business news lots of analysis and background stories of course check out the w dot com slash business but stay tuned because news is up next right after a quick look at

. >> mike: happy fourth. up next, why nikeg its fourth of july themed shoes from stores right now. beyond our borders, three men have been arrested in australia. police say those targets included law enforcement and defense buildings, courts, churches and diplomatic missions. the federal official says the plot is the 16th major terror attack to be thwarted by police in australia since the threat level was raised in september of 2014. china positivist government is condemning pro-democracy protesters in hong kong after they occupied and vandalized the city's legislature. if foreign ministry spokesman said at the violent attacks were serious illegal acts that trample on the rule of law and endanger social order. the u.s. soccer team defeated england 2-1 in a thriller in the semifinals of the women's world cup in france. that sets up sunday's final against the winner of sweden versus the netherlands. congratulations to them. just some of the other stories beyond our borders tonight, we will be right back. ♪ best battery can match

certainly now people know today but probably before two days ago most people didn't. >> mike, what do you think about nike'secision here should they have known should they have made a different call when it comes to the shoe, or are they and colin kaepernick being far too sensitive and in fact, empowering white nationalists to claim this as a symbol of their own instead of saying it's a shared part of american history? >> well, the issue kind of goes back to 2016 there was a high school in michigan that students were waving the flag. it got a lot of publicity, as you've pointed out, nationalists have kind of adopted that flag and used it as kind of a theme so nike being very culturally relevant and significant, you know, they should have known that it was going to evoke emotion one way or the other. >> so, again, i will say i did not know this had those connotations today, mike, specifically the way it's been used in those kinds of rallies what if the company had stood up and said, look, this is a -- america today would not exist if it weren't for the 13 colonies we're here to honor betsy ross and that heri

. >>> the darkness that mike has an open invitation to move a multimillion dollar manufacturing plant to california. after the governor of arizona spoke out against nike. it was on the governor doug ducey convinced the state commerce authority to yank a $1 million grant that was meant as an incentive for nike to open a plant in the city of goodyear arizona. the controversy revolves around the company's decision to cancel their plan fourth of july air max one shoes. the shoes featured a betsy ross american flag on the heel. the company canceled the release of the shoes after brand ambassador former quarterback colin kaepernick complaint the betsy ross flag harken back to slavery and that white nationalist groups have tried to claim it as their own. >>> the governments we did hey nike we are a quick jog of the border. thank you for doing the right thing. california is open for business and welcomes those that represent the best of our american values. >>> solano county sheriff deputies say they will be increasing patrols in the coming days to protect sunflower farms from tourist. the bloom only last a couple weeks and it seems people just cannot resist

nike has chose to work with them. dagen: my point, mikeem, that we will listen to, the suggestion that this is a broad symbol of white nationalists and basically white supremacist. >> easy solution 50-star flag on the back of the shoe my ideal cloud? it has to work like air traffic control. it's gotta let new data integrate with data from our existing systems. ♪ ♪ be able to pull from reservation platforms built 20 years ago. and also be able to use apps to book super-personalized trips on shiny new phones from the future. plus, i need freedom to move my workloads wherever, whenever - but manage it all from right here. and that's the cloud i want. simple, right? expect more from your cloud. ibm cloud. but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. my bladder leak underwear.orried someone might see so, i swi

i think that will speak to a lot of people. >> unlike nike this company, was founded, mike a navy s.e.a.llearly now, it will be interesting to see if the sales of that shirt do not go up. i bet they will. they told you can go to forged.com if you want one. >> all it is is recapturing, not even, maintaining a simple that it was never racist and it was intended to be a symbol of american freedom and opportunity, to not live in tierney paid the irony of the shirt as they pointed out, there is a quote - on the back that they attribute to martin luther king. so this a white nationalist teacher, was a martin luther king quote - that they attribute to him on the back of the t-shirt doing there? the irony is thick. as the court on the back. the true measure of an individual is not how they act in a time of triumph but rather how they act in a time of tragedy. so these are because of the great dealer perspective as you said, griff. they were on the battlefield, forged on the battlefield they want to continue that patriotism. i think someone like chris pratt loves that and supports it, he's patriot

nike reportedly walking back their plans to release a betsy ross flag version of sneakers out of concerns from colin kaepernick. what's going on here? here's mikelie here with us. guns, what do you think of this one? >> it's another day, another p.c. crowd freakout. >> charles: betsy ross? >> here's the thing. the next thing is when is enough enough? you're going after betsy ross right now, colin kaepernick. he doesn't respect the modern day flags. he might come out against that. betsy ross? what is next? the declaration of independence? there's going to be a push back on this. we're getting into ridiculous. just being ridiculous with this outrage. >> i couldn't agree more. you raise a good point. betsy ross, the poor legacy that she's wrapped up in this. feels like there's no end to the number of patriotic things that are deemed offensive. george washington university's colonial mascot is now considered controversial because there's negative con know vaccinations to the word colonialism. who knew that the unity symbolizing the 13 colonies and that circle of stars is something that is considered offensive. it's unbelievable. >> to your point, c

to come back to jan in a moment he's offended by this, but mike, a lot of people are of fended on the other end of it and you think that nike. >> i definitely think nike did the right thing. it's just a marketing mishap on their behalf when they stray away from culture and empowerment and relevance and pop culture and enter into politics with the whole flag issue, you know, that's not the nike that we know so i think putting it out there, getting feedback, ultimately getting better understanding of what that flag means and how it's been adopted by these nationalists -- it's definitely the right think. >> obviously, the flag up until a couple of years ago -- at least as i understood it did not have these connotations. and the question is, whether a limited number of a group of people, maybe it's not as limited as i thought, you know, those connotations that have been added to the flag how you sort of think about those two very different things. i think one of the reasons that jan is offended by this -- i don't want to speak for you, is because your connotation around the flag is very different. >> i think i would say that no

mike discussed in a speech there was an unmistakable political subtext at a time when a lot of leading democratic president of candidates are dwelling on america's faults through history. you had nikemerican exceptionalism and attribute to america and even though he didn't bring a politics, the contrast was unmistakable. >> mike: you mentioned betsy ross, let's take a listen to the president. >> president trump: america's fearless resolve has inspired heroes who defined our national character, from george washington, john adams, and betsy ross, to douglas, you know, frederick douglass. the great trick douglass. harriet tubman, emelia ehrhardt, douglas macarthur, dwight eisenhower, jackie robinson, and of course, john glenn. >> mike: reference to a number of great americans, but betsy ross was included in that. your thoughts? >> i love the allusion to frederick douglass, who had written and spoken as beautifully, and abraham lincoln. people who knew that our country did have problems, but the solution to america's problem was in america herself. and this is a noted contrast of people were talking about the flag is being a symbol of hate for the founding as being this irredeemable si

. —— mike nike have brought more attention to it. we have seen ratings go up.e been sponsoring women and men's football. lucozade, often a big sports sponsor of men's sport, hasjust often a big sports sponsor of men's sport, has just sponsored women's football. budweiser announced themselves as an official sponsor. these are brands that you might stereotypically think of remains games but we are seeing them more now into the woman's sponsorship post attachment think of as main's games. a look at the other top business stories. funding circle, which allows people to lend money to small businesses, has seen its shares dive after it halved forecasts for revenue growth. the peer—to—peer lender said the "uncertain economic environment" had damaged demand for loans. as a result, the company now expects revenues to grow by 20% this year, down from its previous forecast of 110%. pork processor karro has snapped up young's seafood for an undisclosed amount. 0wner capvest, a private equity firm, said the combined business will have sales of around £1.2 billion and employ