katie: that is neil ferguson from the hoover institute. also david westin.ne into wall street week tonight at 6 p.m. new york time. this is bloomberg. ♪ katie: former president donald trump has been found guilty of 34 felony counts of falsifying business records. it will be sentenced on july 11 and we are expecting to hear from the former president in just a few minutes time. gura is at trump tower in new york awaiting a press conference. what are we expecting to hear from the former president? >> i think we will hear some reiteration of what the former president said day after day at that trial in lower manhattan. during the course of that, he would come downstairs to the lobby and he was upset about the way the child was proceeding and would rail against the judge in that case. he will do that again today with this new backdrop here at trump tower. it's become quite a scene here along fifth avenue. if you are trying to go travel downtown, this is not the day to do it. protesters who are cheering the verdict reached yesterday or across the street holding si

the russian invasion , a famous british historian, not british, it is probably worth saying that neil fergusontorian, spoke about it. be careful with putin, it seems that he plans to spend this summer, next summer, and it was just the anniversary of the battle of poltava, to hold councils in poltava, this did not happen either next summer or the summer after, and we hope that it will not happen, but mrs. kateryna, this will definitely never happen, it will definitely never happen, we can see now, just here you are standing, and there someone is loading windows, i understand that this is not preparation for the day of the city. then something else and this again correcting what the muscovites did in poltava, tell us a little more about that? at the beginning of april, the russian federation attacked our civilian infrastructure, attacked the civilian population, we had 16 victims, now four people are still in the hospital and there is one dead, unfortunately, but for now i want to say that 27 buildings needed for... windows, window frames, the double-glazed windows themselves, and i am already b

. >> the geopolitics which you cover in your book chip war, we talked with neil ferguson recently and big of a problem that chokepoint in taiwan would be. >> the current ai investment boom, the mania we have seen since openai revealed chatgpt assumes that tsmc, the most sophisticated semiconductor manufacturer will continue to be able to make those things for nvidia and ship them to the people doing ai. that would immediately be disruptive. i think the economic implications of what would be the taiwan semiconductor prices would be much larger than the economic implications in 1962. >> how big of point is taiwan and is it getting better. >> today it is a most all ai chips made in taiwan so it's a huge chokepoint today. if you look down the road's new factories are getting online you see the almost monopolistic position of taiwanese manufacturers is going to be reduced somewhat. we see intel building a series of new facilities in the united states and catching up in terms of its manufacturing capabilities. tsmc is building three new plants producing ai processors. a third of the most ad

david: neil ferguson of the hoover institution, very different things, he calls it cold war two withow the united states is conducting it. the other big issue is demographics and whether we will run out of people on the planet, believe it or not. neil is concerned we will go the other way. that is coming up tomorrow on wall street week. katie: thanks to david westin. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh katie: all right, let's take a quick look at some stocks hitting highs this morning read hp hitting a 52 week high after second-quarter revenue beat estimates. hikes from city as analysts looked for increased growth in the pc business. hitting highs after upgrading to overweight at j.p. morgan, helping to spur a 2.3% rally today. good enough for a 52-week high. also higher as analysts look for the discount retaile

. >> neil ferguson has been saying if the amount of interest is higher than defense, that has historicallyll of a company. ferguson is a very smart guy, and he's written some great -- a great book about the economy of war. fabulous book. >> let's get a look at this open. the big board, the cnbc realtime exchange, it's pinterest today celebrating its fifth listing anniversary, and jim's going to talk to bill ready on "mad" tonight. >> that company, along with reddit, and even snap, have changed it so now you have the big ones that are kind of like abc, cbs, nbc, and then you add this tier, which could be like tnt or cnn, whatever you want. how is tnt doing? do you have anything new? >> no. i don't. tnt was great to watch last night. i really enjoyed every minute of their programming. >> the game. >> from 8:00 until 10:30. >> speaking of which, at the nasdaq, it'lionsgate. >> you know i don't like huge up openings. i wish things would cool, but there are many reasons to buy stocks, and i kind of echo the fact that you've got this thing going on. google, amazon, meta, apple, they're back. but