let's get to first word news with paul allen. paul: farmers will get almost $5 billion of direct government aid to compensate for the tit-for-tat trade war with china. soybean growers will get more $6 million.ion -- gary, corn, and we'd will also -- france is preparing contingency plans for a note yield brexit. ae government will present draft bill in the next few weeks that will include measures such as looking after british people already living in france, and will and force already fluid border control. london and brussels had hoped to reach a deal by october, but it is increasingly clear the deadline will slip. -- hittingading back back at international criticism over its road infrastructure plan. the global project aims to link china with central asia, the europe.ast, africa, and some question the cost and the feeling that it is a covert attempt to extend beijing's influence around the world. >> effective financing invaluable assets has been created for relevant countries and their people, and economic development has been bo

i am paul allen.his is bloomberg. ♪ rishaad: we will be looking at apple earnings and it is a bright spot for the tech sector, later in the hour. perhaps also discussing diverging central-bank policy, we are joined by the head of research at top-down charts limited. this is bloomberg. ♪ ♪ rishaad: global bond markets seem to be sending a signal that the fed is the only big central-bank worth betting on when it comes to policy this year. the two-year yields were close to a record high, and that gap is about the biggest since 2007 bonds. u.s. and japanese that spreads have widened, on thursdays decision which is expected to continue gradual rate hikes. the central bank has barely left base come and his attempt to curb stimulus. the bank of england is expected to hike this week as well, but investors seem to think that it is a one and done this year. the reserve bank in india is trying to shore off the weakening of asia's biggest currency. there is 6.5%.gh let us bring in our next guest, callum thomas, h

i'm paul allen.shaad: the white house says president trump is experiencing great frustration in his dealings with turkey. the deepening standoff has seen the lira lose it order of it value. president erdogan has announced a boycott of u.s. electronics and says turkey will not be pushed around. >> the president has a great deal of frustration on the fact that pastor burnson has not been released and other u.s. citizens and employees at diplomatic facilities have been not been released. we will call on turkey to do the right thing and release those individuals. rishaad: our next guest says it is a rate -- to relate to say if the most acute stage is behind us. great to see you as ever. what are your thoughts behind all this? >> it's complicated. the reality is that neither the u.s. nor turkey's leaders are giving any ground. this sort of entrenchment suggests we will continue to see a stalemate in terms of any sort of negotiation or dealing here. the pressure on markets is likely to remain in place. we

let's get the first word news with paul allen. paul: starbucks is teaming up with alibaba on coffee and food delivery in china. it will work across the alibaba pay.stem, including ali it will start with the food platform in beijing, expanding into 2000 stores by the end of the year. the two are working together on starbucks' high-tech in shanghai. pulling back on discounts for the first time in more than four years. almost all-important sales declined led by a 15% plunge. the drop in sales lowered earnings guidance and ford embarked on a five-year restructuring plan carried carmakers face the challenge of good deals on used vehicles. the fed's decision to leave fomc unchanged -- the released a statement saying economic activity is rising as -- at "a strong rate" and unemployment stays low. increasesadual rate consistent with a strong labor market and inflation near its 2% target kerry the reserve bank of india raised rates to the highest in two years to tackle inflation and shore up the rupee should a global currency war erupt. thi

in the meantime, paul allen has an update of the first word news. special counsel robert mueller has asked for more time to consider whether to retry paul manafort. he does notsays have information -- sufficient information because the lawyers haven't filed motions. paul manafort was found guilty on a string of charges last week. the jury couldn't decide on 10 more counts. turkey has reintroduced borrowing limits for overnight transactions in the interbank money market, effectively tightening liquidity after two weeks of unrestricted funding aimed to contain the euro crisis -- lira crisis. 7 billion u.s. dollars, looser than the before augustrced 13 when unrestricted funding was allowed. india's plan to weed out black adding high denomination notes hasn't seemed to work. billion repeat circulation, about 70 billion was hidden illegally to avoid tax. the r.b.i.'s annual report says more than 99% of the notes have been handed in, suggesting there was hardly any cash wealth unaccounted for. amazon made its biggest gain in --r months and is in with a wit

i'm paul allen. this is bloomberg. still ahead, the fallout from turkey.ss the lira's plunge on asian and em currencies. we will be joined by a strategist. rishaad: the crisis in turkey deepens. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi stroud-watts. rishaad: i'm rishaad salamat. turkish markets continuing their meltdown, the national security adviser to donald trump morning that there is nothing more to talk about until a detained pastor is freed. we take a look at this data between donald trump and erdogan . where does it leave turkey right now? it would seem between a rock and a rock, really. >> at this point, it does not look like there is any serious negotiations going on, although the turkish ambassador went to the white house yesterday and that was john bolton. we are hearing from people familiar with the matter, that all that really was done was a hardening of positions, with the u.s. basically saying, john bolton telling the ambassador that the u.s. will not negotiate. it will not do anything until that american past

i am paul allen. this is bloomberg. rishaad: imaging markets in their territory. we will get to morgan stanley's strategy haidi: china sending a group to the u.s. for the first trade talks since june. the latest on this development, next. this is bloomberg. ♪ ♪ haidi: this is "bloomberg markets: asia." let's find out what has been going on with indonesia. with the interest rate decision, edge -- fromice around the world and turkey, we got a 25% basis point. this is all against the backdrop of equities going down and down, particularly emerging-market ones. i have this chart showing how we have entered bear market terrain. how do you navigate these waters? >> thanks for having me on the show today. we try to find more defensive markets tend in the southeast asian context, thailand and singapore are our picks. malaysia has some defensive ologies because there are local strategy that support that. the market we -- would avoid is the philippines and indonesia today, we are equal weight. politics tohave skew things to some e

let's get the first word with paul allen here in sydney. paul: thanks, haidia new report the number of deaths from last year's hurricane in puerto rico is vastly higher than thought. george washington university says about 3,000 people died. that's far more than the total of 64 in the island's original estimation. some other investigationings the tally as high as 5,000. says ernor ricardo roselo the george washington report linebacker the official total. president trump warned social media to "be careful" as he accused google of search results for negative news about him and went on to say google, facebook and twitter are trading on very, very troubled territory. and later tweeted that the situation will be addressed. the president commented after fox business said google favored liberal news outlets. he offered no substantiation for his claim. and appealing to the federal trade commission for help as it fights limits on access to u.s. markets. it says restrictions based on national security concerns harm consumers by reducing competition. a

the second person is doing that is paul allen. paul allen is the co-founder of microsoft. allen decided to go totally in. he is building the largest airplane in the world, basic wave to, 747s that are joined together in the middle and it's designed for carrier rocket up to 50000 feet and then launch it his goal is to make going into space about the same convenience as giving on an airliner. you would recall up and sad like to go up on thursday 2:00. he wouldn't have to go through training and you wouldn't go to houston. again that's an airspace example. the other example is elon musk was a south african who is an american who invented tesla and all sorts of things. one of his projects is called spacex. he says openly and publicly his goal was to colonize mars. which again is buried different from a massive model. he is talking about lots of people like us showing up one morning as pioneers. he figured out early on the biggest single problem was caused in the biggest problem of cost was simple. he used rockets once. imagine if every time you took off in an airplane it was th

paul allen's space company is revealing future plans.ren: getting competitive now but straddle launch systems that's the space company of microsoft cofounder paul allen unveiled details of rocket reusable space cargo developing instead of blasting off from a launch pad rockets will drop at high altitude from underneath twin fuselage airplane. in a news release company said its launch vehicles will make satellite gloiment, quote, as easy as booking an airline flight. the first rocket launches not scheduled until 2020 after the very earliest. thank you tracee. >> thank you. all right common we're going to tell you when you can get your hand on apple's newest iphones and investors pop the champagne on wall street tomorrow mark asinine year anniversary of the longest bull market in history. how long is this party going to last? it has lasted four days on wall street. at least recently dow futures up another 41 point this morning. s&p up 3, and it is just past half a percent away from its january high. weal be right back. how do you win at bu

estimate of billion and that is slightly and r than 10 expected we're going to get more details from paul allen taking a look at these results. >> you covered it thoroughly there. that is a if result. estimates is ith what the market was expecting 10 cents that dividend there. so low cost carriers have performing well as well investing has been his cost effective planes and we'll have the ceo on later. > the question is what happens after the turn around? that is true and talking to later it's going to be ws onesting to hear his views on that as well. two guys don't have a great deal in common. it will be interesting to know how potential new leadership of view.alia has a coming in pretty much bang on right there. coming up we'll speak with quantas airline's ceo and later, 32's ceo graham kerr joins us at 1:30 sydney time. coming up, trade tensions phase with fresh tariffs about to take effect and considered. there are still complaints against china. this is bloomberg. this is bloomberg. xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit.

somebody who cared about what i was working on and could advise me, you know, at microsoft, that was paul allen in the early days, palmer. it's the best with melinda because she knows me so well that if i'm overenergetic about something or pushing a group too hard, you know, missing out on something that she sees, you know, partners help each other do a better job. we do specialize a bit. some topics i dive into. some of the science topics more. we have different proclivities but have a common goal and benefit from each other's perfective. >> i guess you could have described microsoft as tech, internet 1.0. now you've got the 22 2.0. major, major platforms. seems like they're having their day in the doghouse rather than their day in the sun. for both of you, how do you think they need to restore their reputation? i mean, we're hearing, obviously you know what's been going on with the interference in the elections, the use of social media as nefarious platforms. what advice do you have for your successors? >> those are complicated issues. the tech platforms are now a type of media. and the media

i'm paul allen.rg. ♪ rishaad: still ahead this hour, the business of e sports and how a league of legends tournament in the 2018 asian games could boost tech stocks. the next trump targeting turkey with a threat of further tariffs. we'll get the lira outlook. this is bloomberg. ♪ rishaad: this is bloomberg markets. president trump once again turning up the heat on turkey over the detention of an american pastor. he's tweeted that the united states will, quote, pay nothing for the release of an innocent man. that after the white house confirmed it is prepared to offer more sanctions. it doesn't look like either side's backing down for the time being. >> that's right. we've seen the trump administration officials saying essentially that turkey had reneged on a deal to kind of exchange the pastor, saying that the u.s. helped turkey get one of their citizens out of israel, who was accused of abetting hamas. so trump is digging in here. threatening more sanctions on turkey if they don't back down. erdogan

paul allen is joining us. you haven't been able to write half the stuff has -- that has been going on. shambles.s in the back and forth, the candidates, all the landmines that malcolm turnbull has been leaving behind him as he retreats from the office. it has been quite extraordinary. haidi: what do we know so far? what are the likely outcomes this afternoon? paul: that party meeting is going to happen, and it is very likely that a vote on the leadership will be called. that means it's over for malcolm turnbull as prime minister and he has just said he will quit politics as well. so there will be an election. as to a successor, we still don't know. there are three potential candidates, julie bishop,, a foreign minister very popular -- julie bishop, a foreign minister, very popular. her asson critiqued malcolm turnbull in a skirt. it boils down to scott morrison, the former treasurer, who is a strong looking compromise candidate, and peter dutton, the look -- leader of the right faction that kicked all this off

i'm paul allen.his is bloomberg. ♪ >> just getting some news out of china, these are the growth numbers coming out. it is slightly better than anticipated. there was a move down from the previous quarter, 4.6% growth. let's go to our southeast asia economics reporter. thiss the significance of stronger-than-expected move? >> it is certainly pretty exciting. were with then we head of the economics department for the bank of thailand, he said there would be a lot more pressure to push for an interest rate hike although that is a big debate among policymakers. they are seeing the nine ninetion -- seeing be inflation. a lot of people are arguing to stay put while the hawks are saying this is a great time to often aterest rates really low 1.5%. i think it should add more pressure and we will see an interest rate hike in september. looking a bit more defensive or attractive within em space. >> i think so, especially like last week, where we saw turkey and risks of contagion. is looking especially good amon

i'm paul allen. this is bloomberg.aad: just noticing an international dealmaker, a human rights advocate, john studzinski. challenges atw the moment, just coming through the bloomberg terminal. this will take place at the end of the month. he is vice-chairman there of blackstone. it seems like the bank of japan has thrown up the rulebook. we will go ahead to the japanese cabinet to the former japanese vice finance minister eisuke sakakibara. that is later on. next, u.s. treasury is performing cash flows into the short terms. the reason for the move on the way. this is bloomberg. ♪ ♪ ♪ rishaad: this is "bloomberg markets." we have a look at the u.s. treasury. it could be a horrible time. not havingnuchin to pay up to do so. the 10 year yield has retreated after edging up the for percent handle since june bonds gaining thursday. trade tensions ramping up. undermining global stocks and basing the dollar. some see the dollar looming as a potential risk. partners saying the treasury is getting away with increasing supply wi

paul allen joins us. great things were expected from the first half, and it did not disappoint. ening? paul: rio tinto pretty much delivered $4.4 billion underlying earnings, $15 million less than expected. that is a rounding error really. $2.2 billion returned to shareholders. the dividend did surprise to the upside. $1.27 per share. we had expected $1.10. further $1 billion buyback targeted in london stock and a promise of more to come. the cash bonanza fueled by a recovery of aluminum and copper prices. this does not include the stakeoming sale of their in this company in indonesia. that will bring up another $3.5 billion. it held onto all of this cash instead of giving it back. it will be a solid net cash position by now. haidi: is it burning a hole in his pocket? pre-much every time we talked to him, the answer is always the same, no. they are waiting for change. to be fair, a lot of mining companies probably overpaid for assets during the boom and now they are unloading. mantraver volume is the area they are not doing anything stupid. that is a direct quote. let's listen to

paul allen is here with the latest on this political crisis in canberra, and possible implications. ight we expect? paul: it is hard to predict, but you can think of it as a series questions., if 43 signatures show up on the petition to call a party room meeting, and both will be called leadership.o search if the vote is called, the prime minister will not stand. so that means that there will be a three-way contest between leader gotten, the leader of the right wing faction that brought this all to a head this week, and bishop, prime minister and treasurer.son, the that would really appease the right wing of the labour party, if one of them gets it. do the rest feel that way? probably not. peter dutton holds the electorate by a thin margin. morrison and the ship, there are much more popular, and could stand a chance of winning the election, by went nuts appease the right wing. when of tony abbott former advisers -- that would not appease the right wing. the phrase that strikes fear at the heart of every politician in the last year or so, section 44. paul: yes, we have seen many polit

that makes them wealthier than the microsoft cofounder, paul allen. share would make them the second-biggest shareholder in amazon, following their son. his siblings could each be worth about $640 million apiece. with the race to $1 trillion, his family could be just a few of tech's unknown billionaires. here to discuss further is the author who wrote the story. you have fascinating details, not the least of which was that jeff bezos told his parents there was a 70% chance they would never see their money again. >> he was very clear when they were discussing whether they should put their money in. he said this the super risky investment and i want you to know the risks because i want to be able to come home and have thanksgiving dinner with you. amazon has worked out and i'm pretty sure he is always welcome around their home. emily: talk to us about what we actually know. we really can't be sure they have not sold a significant amount of their holdings. we know they have given a bunch to the foundation. how much money do they have? tom: basically, the

it's about a remarkable meeting of the minds between paul allen, who was acquiring real estate in thisthern tip of downtown seattle when people thought it should be a park, and then jeff bezos, who saw an opportunity to create a single amazon headquarters, and the stress that put on the city of seattle, which wanted to keep its single-family home creative character. the tension that created and the home prices that shot up as a result. a lot of other places like boston or washington, d.c., yes, they will be looking at the example of seattle, the home prices, the traffic congestion, the difficult quality-of-life. but i think the only thing more dangerous than being part of this growing global tech scene is not being part of it. do you want the problems that come with an amazon and its growth or do you want the problems that come with being left out? emily: so, noah, in seattle, it's sort of like you throw a stone, you hit someone who works at amazon or microsoft. should seattle be concerned that hq2, wherever it is, that that city could somehow outshine -- that that could become the new

. >> you had these guys like steve jobs and steve wozniak and bill gates and paul allen messing arounde edges of what would become the personal computer industry. but no one in corporate america and no one in most of the homes of america thought that the personal computer was anything that would ever have, would ever even happen, let alone have any relevance to them. >> for all of us, the computer revolution was really exciting. it was like, wow, this is wide open. >> it was a group of people who want to make a change in the world. and eventually, the two forces in silicon valley, the hobbyists and the button-down business guys, ended up coming together when the chipmakers realized the things that the hobbyists were doing could lead to this whole new kind of product called a personal computer. >> it was at a home-grown computer club where steve wozniak and steve jobs first displayed the computer they'd been working on. and it caused a sensation. >> we had absolutely no idea what people were going to do to these things when we started out. as a matter of fact, the two people who it was

>> so this is paul allen's project. at microsoft a billionaire with a love of rockets. not the first, mind you, there are a lot of billionaires with love of rocks. >> total cost? >> goodness 385. >> the way it's going to be? >> oh, impossible to guess and so far over what we thought it was. >> the thing i can't physical out about this plane is what it's supposed to do that's so much better than every other plane. >> well, better is one of those misqualifiers, i can't tell you that but what this plane is supposed to do to begin is take rockets up into the air and launch them. right? secondly the thing they have touted for years, can you read about in "wired" story is the secret project plaque ice that is going to be a manned spacecraft a shuttle if you were >> shuttle like you already had and discontinued >> did you ride on the shuttle >> one that consumers can go up in >> he hasn't said who will be the passengers for it. he is much more reticent than richard branson to say this is going to be a consumer product >> speak

paul allen joining us from the knee. we have the market open coming up.loomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. yvonne: 8:00 a.m. here in hong kong. welcome to "bloomberg daybreak: asia." top story th

let's bring back paul allen. what does the poll say now? y wretched, the opposition labor party at 41%. two party preferred is not completely blown out. np at 40%, the labour party at 56%. from being agone relative unknown in the broader --ctorate to having a 33% the opposition leader shortened to 39%. he never let malcolm turnbull when he was prime minister. shootvernment managed to itself in the head during an argument over ideology. scott is starting to prepare -- to repair the damage he started by visiting farmers. he is sending the particularly troubled barnaby joyce as an envoy. he said it is time to knowledge the link between the drought and climate change. rosalind: there is a long way to go until the election in may. what did you make of this new lineup? any surprises -- of this new cabinet lineup? any surprises? >> julie bishop, the foreign minister is quitting. she will probably leave parliament and will be replaced by maurice payne. there is a new trade minister as well, simon birmingham. scott morrison trying to heal the divides

steve jobs when he was alive many many times and the bill gates in the early days of microsoft, paul allendays of microsoft, but they are not wired like a lot of people. they are very very different. some can call them erratic, moody, all of the above, but he is very much synonymous with tesla to me. so if he is somehow kicked out or pushed out, can tesla itself still be a draw? what do you think? >> no. no. no. for the same reason -- the difference between the people you've outlined and jeff bezos is they have really strong number twos and really good people around them. neil: good point. >> there service a succession plan. it was institutionalized genius and they knew how to take advantage of his brilliance, all of their brilliance and there are women in the same situation, who are also surrounded by people who encourage and let them be brilliant but still allow a company to have deliberate decision making and more than one person in charge of all the responsibility. and what you will see in all of the names you mentioned, whether it's steve jobs or jeff bezos or any of these other brill

ahead at 6:00 the controversy over a multi- million dollar home bought for a ngarea bishop, allen martin, paul and i back in 30 minutes. captioning sponsored by cbs >> o'donnell: on the "cbs evening news" this monday, john mccain thanks americans in his farewell message, while the white house does an about face in how it's honoring him. and new details on the deadly video game shooting including the suspect's history of mental illness. but first the headlines in 60 seconds. >> an emotional moment as mccain's family spokesman rick davis reads a letter the senator wanted read after his death. >> i lived and died a proud american. do not despair of our present difficulties. test approximate trump speaking publicly about senator john mccain's death. >> we very much appreciate

paul allen's boat, that is a very large explorer vessel.yes, many million dollars. that is one of the new trends is exploration. so these submarines allow the people who own the boats to actually explore what's underneath them and it's pretty incredible. maria: so do you want to charter a boat? what's the cost if you just want to use it for a week or just have an experience on a yacht but not necessarily out and out own it? >> that's much less expensive. actually, all the experts that we've spoken to suggest chartering a yacht. take it out for a week, grab family and friends, they'll probably be happy to go with you. and see if you like it, if you like that lifestyle. if you spend, i don't know, $100,000 chartering the finest yacht, it makes sense if you're considering buying a $100 million. maria: it's also quite the trip if you could charter a $100,000 yacht. how do you staff the yacht? your tips on getting the people to work there with you. >> right. so you have to think of each yacht. they have dozens of staff members, right, especially

. >> allen, myself and paul are back in 30 minutes. see you then. captioning sponsored by cbs >> glor: on the "cbs evening news" this monday: flash flood g erts in seven states and d.c., as rising waters trap residents in their homes and cars. the report that details how google is tracking your moves w ether you like it or not. and a bride keeps her vow to walk down the aisle against all ndds. but first, the headlines in 60 seconds. h, oh, my god! >> dangerous weather is flooding n veral states in the northeast. i 20 million people are in a flash flood watch. >> i've never seen it so quick. >> we have to get out here before it gets even worse. >> omarosa now claims she recorded multiple tapes while >>e was at the white house. wa there are a lot of very corrupt things happening in the white house, and i am going to irow the whistle. >> we're getting our first look at security procedures at sea-

. >> the whole gang will be here, allen, liz and paul back in 30 minutes, more local news for you. see you then. ♪ ♪ captioning sponsored by cbs s> glor: on the "cbs evening news" this friday: new protests over the anthem on the field... and online. and on the road in the swamp with a lobbyist you will come to tve. but first, the headlines in 60 seconds. >> protesters across the n.f.l. and the league's pre-season opener. >> the president once again jumped into the fray. py tweeting, "be happy, be cool. stand proudly for your national anthem." >> historic wildfires in teuthern california intensified overnight. em it seems as soon as one fire is put out, another one starts right back up. >> a state of emergency is in effect in charlottesville. >> ahead of this weekend's one- year anniversary of that violent white nationalist rally. >> do you think this community a year later has healed, has er hged? h,

president trump, we've got the plea deal, of course, as you see there with michael cohen, allen weisselberg, paul manafort, david pecker. kevin, is there a sense that donald trump's circle here is, in fact, beginning to crumble? >> yeah. i think that's one of the problems and, look. over the last year as we have been looking at all the multiple investigations that are taking place, one trend line is very consistent. the evidence keeps piling up. meaning there's more and more evidence of wrongdoing, that is close to the president, and then the other thing is that the circle keeps drawing closer to the president. i think with the cfo of his company, a big problem there is it takes away one of the main arguments, that the president keeps deploying whenever something bad happens to someone near him, this is somebody limited in their interactions with me and didn't -- i didn't do a lot of business with. this is your cfo. this is -- that is a -- takes away that argument right away so that continues to be one of the challenges that trump and his legal team will have to keep enduring. >> just to push on

>> ahead at 6:00 it will be allen, it will be elizabeth and it will be paul, not necessarily in that order. >> or maybe it will be in that order. >> they have a lot more local news coming your way in about 30 captioning sponsored by cbs xp glor: on the "cbs evening tsws" this tuesday, an explosive grand jury reports that more than 1,000 children were abused by priests and alleges a cover- up that led from pennsylvania to s e vatican. and the rescue operations after a massive span of bridge collapses in italy. but first, the headlines in 60 seconds. ju reporter: the bombshell grand jury report in state of pennsylvania. >> reporter: 301 priests were identified, along with more than 1,000 victims.gh that this abuse was not only normal but that it was holy. >> in london, a car plowed into lydestrians near the parliament stilding. >> three people were hurt and police quickly arrested the accused driver.

i think paul made a really important point about trump. allen weisselberg is currently in a position in the trump organization. he's the person in charge when trump stepped away from his businesses and became president, he put his sons and allen in charge of his businesses. now the question is, what happens now? how does this upend trump world, an organization that's currently still, you know, chugging along without the president? i think it really raises a lot of questions going forward about the future for allen in that organization. >> right. and the president famously -- i mean, you talked about this red line and what he would do, president trump saying this would be a red line. here he is talking to "the new york times." >> mueller was looking at your finances, your family's finances unrelated to russia. is that a red line? >> would that be a breach of his actual -- >> i would say yeah. >> but carl, it isn't up to the president to draw red lines with these investigations. >> yeah, i said earlier, we've seen this movie before, and it's the u

these other headlines this week the paul manafort and michael cohen cases, the let's say tough words, that allen weisselberg being granted full immunity. take a look frrk the last few months, might give us a good idea of what president trump is dock right now. with us, leonard lance of new jersey. thank you for taking the time to be with us. >> thank you for having me, christ i. >> sure. i want ask you about the silence we seem to hear from the gop from the headlines this week. why are we not hearing more, except for the president? >> i am certainly not silent. i think we have to protect the mueller investigation. i am the lead sponsor of that legislation in the house of representatives. and i think it's very important for the mueller investigation to continue unimpeded, not impeded by the white house or by us in congress or by the public and i hope that the mueller investigation will reach its conclusion. >> you did. i want to read a tweet so people understand your position fully. you tweeted this week the conviction of manafort and cohen only bolster my belief the special counsel must impede i

paul: whether or not he's said -- all right. the immunity deals, alleno of the trump organization, apparently -- reportedly getting immunity. david pecker of the "national enquirer" who participated, we mow from news reports, in the payments and from the plea deal. how do we read that? >> well, it's now focused on not russia and collusion, but some very narrow questions about how settlements with alleged ex-lovers of the president wanted to get paid to stay silent. we're getting into, i think, accounting issues here over relatively inconsequential matters. paul: accounting issues? the plea deal says the president was a participant in what the plea deal says and what the -- and that is a judge has stipulated now was criminal behavior. not nothing. >> well, it's campaign finance violation -- paul: right. >> -- that the federal election commission has never said is a violation of the law, that i don't believe any jury has ever found to be a violation of the law. in fact, the same government is currently prosecuting duncan hunter for using a lot of campaign

. >> for more on what prosecutors may be getting out of allen weisselberg's immunity deal i'm joined by msnbc legal analyst paul butler a former federal prosecutor with the justice department's public corruption unit. and nbc's legal analyst daniel goldman, federal prosecutor in the same u.s. attorney's office that prosecuted michael cohen. okay, let me start with you because you were in sdny. what is sdny doing? i cannot piece it together. what are they doing? >> i'm not entirely clear, to be honest, and i have been trying to channel my inner sdny this week and figure this out. i do think that the immunity compulsion orders, and i think it's very important to differentiate between that and cooperation, it sounds like from the reporting that weisselberg and pecker were compelled to testify by the prosecutors giving them immunity. that is very different than what we would normally call cooperating or being voluntarily a cooperating witness. >> the difference being if you are called in to testify and you say i'm not going to say a word, i'm going to plead the fifth, if the prosecutors then say no, we grant you im

still to come, axios mike allen has a look at this morning's one big thing. is paulis considering the move for his freshly convicted campaign chairman. >>> the president tries to distance himself from his former lawyer michael cohen as he looks to shift the blame over his hush money payments over allege affairs. senator dick durbin will discuss how democrats plan to address these scandals and more. "morning joe," everyone, just moments away. rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. so you have, your headphones, chair, new laptop, 24/7 tech support. yep, thanks guys. i think he might need some support. yes. start them off right, with the school supplies they need at low prices all summer long. like these for only $2 or less at office depot officemax. little things can be a big deal. that's why there's otezla. otezla is not a cream.

. >> paul butler, let's listen to this lording recording of micha cohen's secret tape talking about allen weisselberg's role. >> i've spoken to allen weisselberg about how to set the whole thing up with delivering funding -- yes, and it's all the stuff, all the stuff. because you never know -- >> he gets hit by -- >> yes, i'm all over that. and i spoke to alan about it when it comes time for the financing which will be -- >> what financing? >> well, i have to pay -- no, no, no, i got this. no, no, no. >> there we have it on tape, donald trump and michael cohen talking about this intersection which is now i think under investigation is probably saying it too softly, which is now being prosecuted. people are pleading guilty based on crimes at this intersection of donald trump, michael cohen, david pecker and now allen weisselberg. how does that look to an investigator? >> remember, robert mueller forwarded this case to the southern district for an investigation of michael cohen. well, on wednesday michael cohen became a convicted felon eight times over. so a question now is what's the south

so to my left, sandy hull and paul mckekran, were involved from the very beginning when the very first meeting were held when allen lowenstein came as part of the dump johnson movement. they're going to talk about this, of the beginning of the mccarthy effort and then the next three, a lot of you know paul mckekran was in the legislature in the mid '60s, he's been on and off over all of these years. the same is with the other people on this panel. ever since '68 they've been involved in one way or another. those three of the children, "time" magazine dedicated a whole page after this primary in '68 and they titled it to the crusade of the ballot children. it was all about the 16, 17, 18-year-olds that were from new hampshire or came here from other parts of the country. to campaign. and they're each going to talk about what happened in their communities. and their regions of new hampshire. chuck has been a representative, house member since the '70s. off and on and the same thing with representative cushing from hampton, and mark stevenss he's going to talk about his canvassing and his efforts. and a little bit ab

paul chowder gian al-jazeera. just a reminder that you can always keep up to date all the news and much more on our website that said allen c.n.n. dot com. again i'm elizabeth with the headlines on al-jazeera one point five million people have been displaced in the indian state of kerala and the worst flooding the in a century conditions are improving and major roads have been cleared but now the outbreak of disease is a big concern for authorities the u.s. has welcomed the afghan government and elsewhere with the taliban ahead of the muslim holy day secretary of state said washington is ready to facilitate direct talks this comes after president ghana declared a conditional cease fire the taliban is yet to respond venezuela's neighbors have begun to crack down on the number of migrants crossing their borders brazil is sending troops to its border after hundreds of venezuelans were run out of town by locals who set fire to their camps while financial markets around the world are beginning to open and much attention remains focused on turkey's currency the lira which dropped sharply last week turkish president at the one r

distanced himself from paul manafort saying he only worked on the campaign a little bit. why hasn't he done that with allen weisselberg, and why do you think he has immunity? >> i -- there's a lot of talk, a lot of comparison of donald trump to some kind of a mob boss, that kind of a model. but is allen weisselberg, is he a made man? maybe that's the question. >> we're going to talk a little bit. we are definitely going to talk about that kind of culture that exists in the trump world later on in the show. seth, really quickly, would state charges take away a michael cohen pardon as a potential tool for trump? we know he's trying to kind of perhaps signal that to paul manafort with some of the comments and language and the tweets, saying he's a brave man and all that, if there are state charges, would that neutralize a presidential pardon? >> yeah, it sure would. mr. trump, the president, has the power to pardon in the federal system, but not in the state system. the governor of new york could pardon someone, there's no indication that could happen. the da bringing charges against michael cohen or anybody

look at allen weisselberg's title over the last several decades to get an inference about where that's leading. >> so michael cohen takes the plea deal admitting guilt on eight counts. you've got paulort convicted on eight counts but i want to play for you what one of the jurors said yesterday about plea deals. listen to this. >> the prosecution's star witness, rick gates, you're saying that he didn't have that much of an impact on you? >> no, most of us just threw that whole witness out because he had something to gain by saying what he said, and we thought that didn't make him a credible witness. we didn't like it that he took a plea deal. >> look, that's the kind of thing the president's been complaining about. how do you gauge the veracity of someone's testimony. >> that's a decision made by the prosecutor and it's a tough one because as defense attorneys will point out in kwloclose thae government is making a deal with the devil. they are putting on the stand and putting under oath a liar. he told you he's a liar. he is a liar. he's a criminal, and the only reason he's here is not out of the goodness of his heart, but to get the benefit of his bargain, to get a deal and save h

paul manafort, former trump campaign chairman convicted. mr. trump's former attorney, michael cohen, his guilty plea that left shock waivewaves. david pecker and alleneisselberg granted immunity. is this a sign that mr. trump's grip on loyalty which he holds in high regard that it is weakening under the pressure of these investigations? >> well, i think his grip has clearly loosened. he has all of these people who have cooperated now. it is reminisce event of what happened to nixon when his campaign manager and nixon pleaded guilty and he had to resign the president city. >> all of these men work with mr. trump in some formcity. >> all of these men work with mr. trump in some form. is mr. trump in legal jeopardy? >> i think the assessment is that he is in considerable legal jeopardy, i think that is one reason why giuliani has spent a lot of time appealing to a base and to public opinion which is really not legal public opinion. if you talk to a lot of lawyers, this is not the legal strategy that they would have embarked on, but now trump has gone down this road with giuliani and he's kind of in to the bitter end. >> david katz, we appreciate your t

paul manafort, being found guilty of federal crimes. his former personal lawyer michael chone pleading guilty to federal crimes. and his long-time accountant allen weisselberg, who is now the chief financial officer of the trump businesses, getting immunity from federal prosecutors along with david pecker, the publisher of the "national enquirer." in exchange for that immunity, they have to tell the truth to the fbi and federal prosecutors about donald trump. all of that happened last week, in trump's worst week. so the president spent the weekend calling people and screaming about that. and no doubt trying to think up ways to distract attention from the criminal investigation closing in on him. and one bright idea that he had about distracting attention came this morning at 5:28 a.m. when he tweeted about how unfair the google search results are when you search for trump news. that is of course news about the terribly unpopular president of the united states, who found the time today to tweet about google's search results but couldn't find the time to say one word about the latest tragic statistics on the number of people killed by hurricane ma

paul manafort and the cooperation of his longtime allies in a campaign finance probe. instead, the president lsual targets. >> comey, lies and leaks. he's a liar and he's a leaker. >> reporter: but this morning, allen weisselberg, the most powerful person in the trump organization at the president's side for decades granted immunity. >> replacing george this week is my chief financial officer allen weisselberg. and you think george is tough, wait till you see allen. >> reporter: cooperating with federal prosecutors in their investigation into payments made by cohen to porn star stormy daniels and "playboy" model karen mcdougal in exchange for silence about their alleged affairs with trump weeks before the election. weisselberg now joining another trump associate, "national enquirer" publisher david pecker who cut his own immunity deal with prosecutors. in this now infamous secret recorded conversation, cohen and trump appear to be discussing a plan to buy the rights to mcdougal's story from the enquirer. cohen said weisselberg advised him how to set up the payments. >> i've spoken to allen weisselberg about how to set the whole thing up with funding -- >> so, what are we going to do, pay? >> yes. >