taylor: i like to sit down with mohammed el-erian, with so many warnings.re and we feel like the economy is doing well but we pointed out different cracks that we may have not have been looking for. jason: even the physical cover, shaking words feel like a warnin. taylor: what was your favorite? jason: i love private equity, as you know. the story of toys "r" us and what really happened. what is the most famous toy company in the world, all the things that could have gone wrong really did. it is a fascinating read. more bloomberg television starts right now. ♪ >> revising the rule. the public consultation on reforming the law. a step closer to rolling it back. gdp are tellsof bloomberg exclusively how she plans the -- country that still has not adapted to the new regime. risky business. how companies are adapting to avoid falling foul of u.s. sanctions. welcome to rules and returns. rules and returns as the show where we delve challenges

forefront, we also go global with one of the most listened to voices on business and economics mohamed el-erianand he tells us what to be worried about and what not to be worried about around the world. taylor: with our cover story, some say toys "r" us and others say tears "r" us. jason: a deep dive into the world's most famous toy store. taylor: and some saying why they didn't have to declare bankruptcy. carol massar spoke to a reporter. carol: toys "r" us was really one of the first of the big box stores. it started in the late 1950's but came into its own in the 1970's and 1980's. started by charles lazarus, who had a simple idea. a lot of people were coming home from world war ii, he served. they were starting families and were going to have kids and they wanted homes and wanted to fill those homes with lots of things, including toys. so let's sell toys to kids. because he was among the first and he was able to spread nationwide, he was the first category killer, meaning a lot of the small neighborhood toy stores went out of business because of toys "r" us. carol: 1994, mr. lazarus steps d

my colleagues katty kay ander christian frpoke to mohamed el-erian, chief economic advisor for allianz their program "beyond 100 days." mohamed: i suspect to see six of the seven g-7 members tell him that tariffs are not helpful, and i suspect that he will pivot and say, look, why don't you do something to promo your own economic growth? there may be two different narratives coming out -- one, pressure on the u.s. on trade, but the other, the u.s. saying to other countries, why don't you do your homework before youe o me and complain about what i am doing? katty: you have been watching g-7 meetings for many years.re can yomber a time when the world's biggest industrialized democracies were so y set against the biggest economy in , e world, the united stat they are at the moment? mohamed: no, this is new, and it shows you that the u.s. has decided to take a different approach to a goal that all the g7 shares. the g7 agrees that you nd fairer trade, but something has tone about theft of intellectual property,ha somethg to be done about non-tariff omething has to be done modernize trade a

taylor: i like to sit down with mohammed el-erian, with so many warnings.of different cracks that we may have not have been looking for. jason: even the physical cover, shaking words feel like a warning sign. taylor: what was your favorite? jason: i love private equity, as you know. the story of toys "r" us and what really happened. what is the most famous toy company in the world, all the things that could have gone wrong really did. it is a fascinating read. more bloomberg television starts right now. ♪ david: when you told people you were going to raise a $100 billion fund, did they tell you you were a little crazy? masayoshi: some people said. [laughter] david: did you suffer discrimination growing up in japan? masayoshi: that made me stronger. david: how did you feel losing $70 billion of net worth? masayoshi: i was so close to, you know, fall down from the cliff. we almost went bankrupt. somehow, i survived. >> would you fix your tie, please? david: well, people would not recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪

we got to speak with mohamed el-erian, one of the most influential voices in global economics. jason: we asked what advice he would give policymakers around the world. ere is what he had to say. mohamed: we have had years of distorted markets. we have had massive liquidity come into the marketplace, it has felt really good. look at last year, over 20% returns in global markets, equity markets, we even made money on government bonds and all of that was very low volatility. that is not supposed to happen, but it did because we have exceptional circumstances. now, we are slowly exiting the exceptional circumstances and it will take some time for markets to realign themselves to more normal patterns. jason: one of the phrases you used near the top of this piece, and i'm going to quote you. spread that has too many years of insufficiently inclusive growth does more than undermine economic performance and potential. it tears at the fabric of society." that is a pretty sweeping statement. what are the implications of that? mohamed: the simple point i was trying to make was when a econ

. >>> when we come back, mohamed el-erian will be joining us. that's at the top of the hour.e thinks we will avoid a full blown trade war. >>> plus fda commissioner dr. scott gottlieb will talk to us about the crackdown on online o opioid sales. >>> and if you're headed to the hamptons, robert frank will beat you. there he's taking off in the next hour. we'll track him through the show stay tuned, you're watching "squawk box" here on cnbc. ♪ it's time for the 'lowest prices of the season' on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? don't miss final closeout savings on the queen c2 mattress. now only $599, save $300. it's the lowest price ever, only for a limited time. visit sleepnumber.com for a store near you. >>> time for the executive edge. yesterday during the show we told you about amazon's plan to buy pillpack that news combined with the new foray into delivery wiping out 17$17.5 billion from eight companies alone during yesterday's sessions fedex and u.p.s. lost nearly $3 billion in mar

forefront, we also go global with one of the most listened to voices on business and economics mohamed el-erianls us what to be worrie

dow industrials joining the conversation we will talk about alliance chief economic adviser mohamed el-erianminute president trump attorney former new york city mayor rudy giuliani with us stay with us first on interview coming up with former mayor rudy giuliani coming up first, president trump will meet with republican lawmakers today amid uproar of the administration's zero tolerance immigration policy blake burman live at the white house with the latest there blake, good morning to you. reporter: the president trump administration putting onus squarely on congress the president reiterating yesterday he feels democrats are obstructionists need to come to the table, whereas head of the department of homeland security insisted it is congress needs to fix loopholes so children do not have to be separated from their parents, at the southern u.s. border in a rare briefing room appearance, kirstjen nielsen was adamant the children involved are not being used as a political bargaining chip. >> the children are not being used as a pawn we are trying to protect children why i am asking congress to

mohamed el-erian will be here.great to get his take then fda commissioner, scott gottlieb will be in the house talking all things healthcare. need to ask him about amazon and where you think all of that is headed then we have the bank stress tests, we will talk to marty mosby, who has a take. grover norquist is here on taxes. six-month anniversary since the tax cuts were passed robert frank will make his way live on a helicopter to the hamptons, and that's always good for something. that's what we got >> robert frank is going to the hamptons on a helicopter and then somehow marketing that as a tv segment he's getting a ride to the hamptons and saying let's bring a camera and make it look like work >> maybe i don't know if he'll stay out there, come back who knows. >> i thought you had the best gig on this network, you don't it's robert frank, he has a better gig than everybody else >> he figured it out >> he mansions, it's a verb. what are you doing this weekend? mansioning >> what's your phrase? rpp? is that it >>

forefront, we also go global with one of the most listened to voices on business and economics mohamed el-erian

forefront, we also go global with one of the most listened to voices on business and economics mohamed el-eriano be worried about and what not

was mohamed el-erian. -- he has confirmed she has met with bob. did discuss nafta. -- now, it is tough to see any progress as far as the negotiations are concerned and the president is talking about bilaterals in terms of the progress going forward. theext, north korea and looming his sort summit. this is bloomberg. -- historic some this is bloomberg. -- storks summit historic summit. gaza health officials say at least for demonstrators have been killed and six unders there -- six others during the gaza-israeli border. today's demonstration was the latest in a series of protests. wereal palestinians similar to those. the united states has pulled to more of its workers out of cuba and are testing them for possible brain injuries. there have been 24 confirmed pins. facebook executive sheryl sandberg did not shy away from a commencement speech. she and said turned about accountability and urge new responsibilityke for their actions. >> when you own there mistakes -- or mistakes -- we will see it through. warned that even technology created with the b

and for more on the economic implications of the us policy, we arejoined now by mohamed el—erian, chiefining us. what do you make of the reception that donald trump is likely to get when he goes to quebec, assuming that he decides that he is get a job in canada?” suspect he will see six of the seven g-7 suspect he will see six of the seven g—7 members tell him that tariffs are not helpful. and i suspect that he will pave it and say, look, why don't use do something to promote your own economic growth. so there may be two different narratives coming out. one, pressure on the us on trade but the other, the usa and the other countries, well, why don't you do your homework before you come to me and complain about what i am doing? you have been watching g-7 meeting is for many years. can you remember a time when the world's biggest industrialised democracies we re biggest industrialised democracies were so clearly set against the biggest economy in the world, the united states, as they are at the moment? no, this is new. and it shows you that the us has decided to ta ke shows you that the us

&p around the at line, a nasdaq remains the outpformer we discuss the markets in detail with mohamed el-erianwatching oil as well. we're back in two. anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. >>> markets are higher, and intra-day high, today, for the first time since march, on pace for another record close >> when we come back, el-erian joins us and why the move in the dollar could move the markets. (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ring) >>> welcome back, keeping an eye, ten minutes to go, whether the dow turns positive down six points now, others higher like the nasdaq and russell today. economic data in the u.s. shows strength still, not just that unemployment report from friday, but even this morning, service sectors and job openings >> the next guest warns a too strong a move in the economy could be a risk bringing instability. let's bring in our economic adviser, el-erian, thank you f

what i'm worried about which mohamed el-erian underestimated, i think, is risks in emerging markets particularlyturkey with the elections coming up >> whatever you think about it, paul tudor jones is trending nationally on twitter. he kicked off a conversation that people are taking up from here steve, thank you very much >> pleasure. >>> folks, we are continuing our special coverage of president trump and kim jong-un's hi summit in singapore today. joining us right now is brookings institute senior fellow michael o'hanlon. thank you for waiting patiently for us while we've been going through all of this. but your take on this just hours after the summit is this a situation you're looking at with glass half full or glass half empty? >> hi, becky it's just a tiny first step. it's a good first step i have no problem with it especially compared to 2017 where we had a real risk of war on the korean peninsula. we could again but i think we're starting to see a resetting of expectations. this isn't going to be an instantaneous libya model. there's not going to be complete denuclearization the united s