paul. paul. paul paul paul. paul paul. paul. paul. paul. paul. paul paul paul. paul. paul. paul. paul paul. paul. paul. paul. paul. paul. by king charles the 1st in order that the tables showing the movements of the celestial bodies and the positions of the fixed stars might be corrected with the greatest possible care and accuracy the aim being to determine lines of longer giudice and thus to perfect the art of navigation. the problem at the time named fixing the precise position of a ship in the vast expanses of the ocean say listen been able to work out the degree of latitude of a since antiquity simply measure the angle between the sum of the horizon would look if the horizon was moving up and down the sun was obscured by clouds and how above all of the degree of long beach would be due to. they exactly knowledge of the have them was thought provide a solution to the longet huge problem. the 1st astronomer to enter service for the king in the navy was john flamsteed night after night for more than 40 years he studied the stars in the sky over grand slams to record his observat

and must step up otherwise i believe in the next 3 weeks before the trendy to enter 1st series paul paul paul transfer of sovereignty more and more volunteers will not only 1000000 or 2000000 people who come and join our fight until they reach get however basic human rights and freedom. ones release comes after organizes claim as many as $2000000.00 people took to the streets of hong kong on sunday they were protesting about a controversial bill which would allow extradition to mainland china under mounting pressure lam who is backed by beijing had already promised a perspective on the law but that wasn't enough to quell the anger. i'm here to condemn the police violence against us it's unacceptable of the police to find our demonstration last wednesday as a riot. lamb even justifies the police violence as righteous measures oh that's why i'm here to urge her to step down for a few hours on monday morning demonstrate has continued to block a road leading to government buildings their concerns over beijing's tightening grip on the former british colony have not gone away many now see this as a

paul, for one. lemonis: you're saying paul's the wrong person to do the job? mike: some of the areas that paul is in, he is not good at. paulnk, first of all, just dealing with the products. paul: you're telling me that i don't have a background or understand product costs and where we should be? mike: no, i'm not -- i'm not saying that. lemonis: you just told him that he wasn't capable of doing his job. mike: no, i did not say that. -what i said -- -paul: you did. lemonis: yeah, you actually did say that. why are you blaming everybody else? mike: i'm not blaming everybody. lemonis: well, you said, "paul should have done this." what about you? the money that i committed to invest was not enough to solve the problem. you miscalculated by $200,000. the first survivor of ais out there.sease and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. the first survivor of ais out there.sease and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. lemonis: why are you blaming everybody els

paul manafort. >> paul manafort, they have paul manafort on taxes and many other things. nothing -- >> giving polling information to the russians. >> i don't know anything about that. what difference does polling information make? it doesn't matter. and putin, i will say this, if he had it, it was up to him, he would much rather have hillary clinton be president right now and awful these countries would rather have biden or anybody else -- >> he said -- >> okay. let's put yourself in a position, you're a congressman. somebody comes up and says, hey, i have information on your opponent. do you call the fbi? >> if it's coming from russia you do. >> i've seen a lot of things over my life. i don't think in my whole life i've called the fbi. this is somebody who said we have information on your opponent. oh. let me call the fbi. give me a break. life doesn't work that way. >> fbi director says that's what should happen. >> the fbi director is wrong. >> your campaign this time around, if foreigners, if russia, if china, if someone else offers you information on opponents, shoul

paul's defense attorney followed what was by now a familiar script. she accused peter of murdering roberto ayala. >> peter moore has a lifetime of making threats. paul does not make threats to roberto. paul works with roberto. >> which is how parisi presented paulbled history with the law. violent sexual offense in his background. but the jury didn't get to hear about that. nor were they told about the dna. quite possibly paul. that was found on the envelope containing the bomb diagram. excluded. would the jury see the same paul moore prosecutors saw? >> he is almost like a marvel comic book arch villain. he's bright, clever, evil as can be and he has a flaw. his flaw is his arrogance. >> the jury retired. to think about it. they were not fooled. after just five hours of deliberation they walked back into the courtroom and declared paul moore guilty of murder. the judge sentenced him to life in prison. >> i remember driving away from the courtroom and my wife and i were together and we'd start crying because we knew it was over. i did the job. i went in there and i did my job. i told everything i knew. and it wasn't easy because i basically put away somebody who i loved. >> pete is not so blind that he doesn't see how he was used by his boyhood

paul manafort. you remember paul manafort. paul manafort who served as trump's campaign chairman as russia offered and provided its assistance. paul manafort was sentenced to 7 1/2 years in prison for a variety of crimes, including tax fraud, bank fraud and witness tampering. paul manafort, who reneged on his cooperation agreement, and who who's reneging impacted the special counsel's ability to get to the truth. paul manafort who faces state charges filed partly as a precaution against the president's pardon. intended manafort to believe he could receive a pardon. paul manafort who denied russian connections like this. >> so to be clear, mr. trump has no financial relationships with any russian oligarchs? >> that's what he said, that's what i say. that's obviously what our position. >> that paul manafort. "the new york times" first reported that deputy attorney general jeffrey rosen himself reached out to the manhattan district attorney informing him that manafort's lawyer opposed manafort going to rikers island for his state trial, something the manhattan d.a. said he didn't request or control. according to the times, the foreig

paul: -- strength? paul: -- brexit strain? paul: a break of the consumer leaders towards a recession. -- leads us towards a recession. under a lot of pressure. with all the brexit news, the headlines being negative all the time, that has an impact on consumer sentiment. looking at the underlying data and which growth data, people at the bottom are getting paid more . in the u k, that is because of the low end wage growth. it is driven by minimum wage was in the united kingdom. you are seeing some very strong wage growth at the bottom end. the question is, does that lead companies to look at productivity gains? certainly, when we look at the data going into the brexit at the end of march, a lot of companies cut production so that may well have an impact on people marched sentiment and hours that have been working. nejra: a lot of people say -- yesterday, there were opportunities in the u.k. equity market because it is so unloved as a result of brexit at the moment. are you seeing opportunities in specific sectors because of that? certainly, risk. when we look at valuations across the globe. international investors. , just notal trade something they need to worry about so they would rather not have to explain that, and we're certainly's eating that in the data. a lot of international investors leading to opportunities, but of course, dependent on your view on brexit and the impact that has on companies, you have to wonder whether that is currently priced in. for us, we have been adding to u.k. domestic banks. we look at, you know, 5.6 times. the banks are very much cleaned of thecoming out financial crisis now. much more orientated towards mortgage books. when you look at mortgage books, 40% to 45%.tv's you have to see quite significant correction in the housing market to make a real impact on those ratios, so we like the u.k. banking sector. we have not gone deep into that space, but we have certainly been adding more tactically. looking at the share prices more recently, the move towards brexit and other conservative leaders, that has put pressure on the u.k. sectors and in the u.k. equity market as well. manus: semi's calls from you, -- some nice calls from you, paulw big a repricing could the gilt markets -- put together a paper for the u.s. and the u.k.. we have a lovely story out for more of asset management. this will rerate whether we crash out. if we crash out, there will be a huge the rating upwards on gilt yields. if we stay in, we could be heard by the need for perhaps a little bit more debt to make the deal work. so there could be a repricing in the gilts. we are going to lose-lose on gilts. what do you make of that proposition? paul: this is something i have written about a number of times over the last couple of years. you know, if we crash out of europe and we see a big impact in the currency, we will clear that went upwards pressure on inflation. is targetingank inflation and that could lead to higher bond yields. when you look around the world, you have got to remember the u.k. inflation rate is being quite high, so since the crisis, you would have wiped out over 30% of your real wealth in sterling to the impact of inflation, so to

paul, come on over here, paul. everybody else, have a seat. come on, paul. everybody have a seat. paul, stand right there.

paul manafort. >> paul manafort, they have paul manafort on taxes and many other things.iving polling information to the russians. >> i don't know anything about that. what difference does polling information make? it doesn't matter. and putin, i will say this. if he had it, it was up to him. he would much rather have hillary clinton be president right now. and all of these countries would rather have biden or anybody else but trump. >> he said he was trying to help elect you. he said that explicitly. >> well, he might've said that after i won, because it's a smart thing to say. okay? >> and mueller says that he's trying to do that. >> mueller said that we rebuffed russia, that we pushed them away, that we weren't interested. read the report. >> i have read the report. on that, though, your son don junior is up before the senate intelligence committee today. >> are you here to correct your testimony? >> nothing to correct. >> don junior had been caught up in the russia investigation because of that trump tower meeting in 2016, which he set up expecting to get dirt on hill

paul paul manafort, tht could be considered obstruction. the president has a bully flpulpit. nethe problem is there was no crime -- paul: underneath, underlying. >> no underlying crime. there was no collusion. paul didn't pardon manafort. >> no, he didn't. and i think the most thing to recognize, a president was being false hi accused of treason with our arch enemy, a country that has nuclear weapons aimed at us, and he had a right to defend himself. and and it wasn't just a legal fight, it was a political fight. made it seem, bill, like he didn't -- the only reason he didn't find obstruction off justice, if you read between the lines, is, well, they have this rule at the justice department that says you can't indict a sitting president. >> then why take the job? [laughter] i mean, then you're saying i shouldn't take the job. what he could doha is, look, the government -- the attorney general would iner the end make call. if he had recommended charges, the attorney general would make that call, and that's what he should have let done. if he thought there was proof, there was criminal activity, he could have said we found evidence of criminal activity and then let the attorney general explan that

paul: how you doing, marcus? -i'm paul. -lemonis: nice to meet you. -paul: good to meet you. -lemonis: wow. you got a lot of good stuff. paulyeah, we're working on it. man: how you doing? do you have 2 pounds of red snapper? spencer: no reds today. -man: no reds? -spencer: no. man: well, i'm gonna try some grouper today. 2 pounds. spencer: okay. lemonis: what else are you out of? paul: i believe we are out of tuna. lemonis: tuna's kind of a popular fish to be out of. is gary, the owner, around? spencer: yes. i'll go get him. he's in the office. lemonis: okay. the place is definitely underutilized. i look to the left, and there's this big counter with nothing on it, nothing merchandised on it. it definitely has room for improvement. paul: i mean, this is a great place. i love the job and everything. it's just that sometimes it gets a little bit stressful when you don't know what's going on. lemonis: what kinds of things are you -- paul: like money, really, to be honest with you. sometimes, we're asked if we mind waiting for our checks a week or two. we've had problems paying for product. so we've all pooled our money togethe

paul in texas. paul >> caller: boo-yah, jim. >> boo-yah, paul. >> caller: i've noticed companies, a lot of them will exceed on one and miss on the other in reference to revenue and earnings per share, so as a shareholder in the companies i'm looking for, if they are going to exceed one and miss one, would it be more important for them to exceed on revenue or would it be more important for them to exceed on earnings per share? >> holy cow, what a great question because i've actually done a huge amount of research and thank you, paul, for asking. it's revenue growth. we want to see pure revenue growth that means that there is demand for the product. the earnings per share are manufactured by tax rate and buying stock back. okay no advice sell always consider what you're trying to get out of the market before you dive into a stock on "mad money" today help you with the flexibility i'm talking about. i'll reveal the back bends you should be doing to get your portfolio in order and feeling about the stock fix? i'll tell you why it's time to snap out of it and how the late great maya angelou offered some of the best investing advice i've ever heard. so stick with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter, send an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to mad money dot cnbc.com (osamah) cancer is... the ugliest disease mankind has ever faced. (henry) i thought it was unfair. when-- when you hear those words that you get diagnosed with cancer.

paul: -- shery ahn in new york. paul: i am paul allen in sydney. trade, monetary policy, sure to cap the agenda. -- top the agenda. the meeting happens in osaka at the end of the month. a one-on-one between presidents trump and xi. let's look ahead with the u.s.-asean council, michael. thank you very much for joining us. i just want to play for you, if i can, some sound that we heard a formerelieve it was commerce secretary for china. let's have a listen to what he had to say. u.s. does not want to go to the wto, and they talk with china with a kind attitude, things will drag on. that will not be a year or two. that could be even longer. we will see you can take it on the chin. china will have to endure that. the u.s. will have to endure that. and the whole world will have to endure that. ; economy will go backwards. economy and the whole will go backwards. pauls some of the rhetoric we have been hearing over the last few days. how optimistic are you that the out --hat will be sorted anytime soon will be sortedspat -- spat will be sorted out anytime soon? >> what you heard from some of the other chinese government officials recently, particularly is ae shangri-la dialogue ,ot of nationalistic slogans and it was very interesting that there's even a song now in china, which is to the music from resisting japan during the second world war, and it is called resisting the united states, so i think we are hearing a lot of that rhetoric which indicates to me that the gloves are beginning to come off, if not dropped on the floor. paul: there are definitely mixed use on this. our last -- views on this. leland miller saying forget all of this stuff. patriotic songs, all of these things can be easily walked back. so in that regard, is there a little cause for optimism, particularly with these meetings at the g20 in japan this month? michael: well, yeah.

paul with us. senator paul, thank you so much for being with us. [cheers and applause] mr. paul: thank you. thank you. thank you. thank you. thank you. thank you. what a great crowd. they told me america's finest and best were here. now i believe it. [cheers and applause] i'm good friends with ralph and i think ralph and the freedom of and faith coalition do a lot of good things around the country. i like even the title of it. faith and freedom. i think you have to have both. i think you can't have faith without freely choosing faith. and i think you can't have freedom really without having people of faith. [applause] our founding fathers put it this way. they said that a free people or a democratic people required virtue. that's the way washington put it. a knowledge of right and wrong. a knowledge that there are things that are right and wrong. and when you think about it and you think about it in our everyday lives, you think about, well, let's see. do i not steal because there's a law against it? or do i not steal because it's wrong? think about it. what would the country be like if no one knew right and wrong and everybody was hooligans. you couldn't have enough police, you couldn't have enough law. so really it is about having a virtuous people. [applause] oz guinness, the writer and theologian, put it this way. he said that liberty requires restraint. you just can't go out there and do anything you want. you have to know right from wrong. you have to restrain yourself. but he said that the only type of restraint consistent with liberty is voluntary restraint. it's us deciding to do the right thing. it's us being an example. it's us persuading our neighbors. it's us evangelizing to the community. [applause] since i was a kid i've been a part of the pro-life community. [applause] my dad's an o.b. i'm an opt meteorologist. -- i am an ophthalmologist. in my training i refused to participate in abortions. would never commit an abortion. [cheers and applause] and every time i think, well, gosh, we lose all the time, you know, we can't even defund planned parenthood, we try to do all this and we seem to lose. i try to think of where we might be winning. and i think we are winning in hearts and minds. less and less physicians want to be a part of the grizzly practice. the repulsive idea, planned parenthood selling body parts and the video of that, struck home for people. so we are winning sometimes. i think the persuasive argument, this is an awful, degrading, disgusting and terrible thing for anybody to be involved with. but i will tell you that we still lose in the legislation. we still lose and sometimes we lose because the people who come to you and give you lip service and say, oh, i'm pro-life, i'm pro-life, and then they don't seem to vote that way. i'll give you an example. last year i tried to attach to a spending bill a prohibition to have any money spent by planned parenthood. you know what happened? they sat me down and one of the senior republican senators said, we cannot have the vote today. i said, why? he said, we might win. i'm not kidding you. this is a senior republican sitting next to me on the floor of the senate saying, we're not going to vote to defund planned parenthood because we might win. and i said, what does this mean? i said, does this mean that passing your spending bill, getting the democrats to vote for your spending bill is more important than life? and he just smiled. see, that's what the thing is. you have republicans that are more concerned with spending money than protecting the unborn. [applause] but we are winning in some ways. i'm the chief sponsor of the life at conception act. i slight will you -- absolutely believe that's when life begins. [cheers and applause] but i also think when the other side comes back at us and they think it's really easy to talk about, oh, abortion when you can't see the baby, but what we need to come back and ask them is a very simple question. when does life begin? we know when life begins but let's hear it from them. is it in the nursery as some have implied? is it a year later as some have said? are we going to look and see if the child has disabilities? think about it. make them answer those tough questions. i think that in some ways we are winning the hearts and minds on this issue. i commend you for what you do on it and continue, continue to help us in the fight. with regard to a couple of other issues. internationally, i think it's very important that your money not be taken from you and sent to persecute christians around the world. [applause] now, while i'm a big defender of the president, i'm personal friends with him, we get along great, we don't always agree. and i one of my disagreements is this. frankly, i think that saudi arabia has done more to persecute christians, to spread hatred of christians and jews and hindus around the world than any other country. i don't think they deserve our arms. i don't think they should have nuclear technology. i think it's a big, big mistake to say, oh, you can do whatever you want, including chopping up a dissident with a bone saw and we will continue to sell our weapons to you. saudis have spent $100 billion around the world developing these madrasahs by the tens of thousands. one madrassah in pakistan that the saudis support, 80% of the young boys who come out of this religious school join the taliban to fight against americans. we shouldn't be giving the saudis one penny and one bit of our arms until they change their ways. [cheers and applause] same goes double for pakistan. anybody remember asia beevey? a christian in pakistan. there aren't many christians left. less than 1% of pakistanis are christians. she was arrested for wanting to draw water from a well in a muslim village when the muslim women began chanting, death to the christian. they began stoning her and beating her with sticks. she was relieved when the police came because she thought, they've come to rescue me. she was accused, though, by the women of blasphemy against islam and she was put in jail. she was put on death row. she's been in prison for eight years. we have fought for her freedom. i have fought to not give pakistan any money until she's released. we've fought and asked the president to give her asylum in our country. and i'm proud to remind you that asia beevey is now free and living in canada. [cheers and applause] i'd like to end with this one issue. this is something that is close to my wife and i and that is trying to help those who struggle with drug addiction and with just the horror and scourge of what's going on in so many of our communities. not only do we need help these people, i think part of helping them is understanding that our kids who make these mistakes, locking them up for 25, 30, 40 years is not the answer. [applause] as christians, we believe in redemption. we believe in second chances. we believe that as a fundamental part of our religion. that no one's beyond hope. that no one's beyond being saved. [applause] about six months ago i was at the louisville urban league and we were talking about the first step act. that faith and freedom coalition was a big part of getting passed. i was a part of it, my wife was a part of it. i was lobbying to try to get the leadership to let us have a vote. so i was lobbying publicly through the television with another senator from my state, please let us have a vote. and we had the vote and the first person to be let out of prison was a man named matthew charles. i met him. [applause] he was given 35 years in prison for a drug crime. he found christ, he found religion and got a college and he found a person recommending legal -- legal advice in the prison and became a better person. he was let out after two years and another judge said no you have to go back for 14 more years. this spring when i was talking to the cameras, he is in prison watching it on the present television and when i met him afterward he said when i saw you say it was going to be retroactive because his crime was committed in the 90's, i thought maybe i will get out of jail. my wife and i have met him. reallys like a guy who wants a second chance in life and does deserve it. there have been problems with our drug laws. he is an african-american. he was convicted for a type of drug that most white americans have not been using but the criminal penalties or 100 times worse for the type of cocaine he had as opposed to what whites use. a white person could have used the same amount of cocaine and got six months in prison. don't give up the ghost you give us hope. thank you very much. [applause] isn't he great? we are so glad that rand paul is in the u.s. senate making such a difference. it is our great list to work closely with him on all of those issues. the same is true of our next speaker. this man has been an impact player from the moment he arrived in the u.s. senate. i am partial to him because i grew up in miami. before i was fortunate enough to move to georgia as a teenager. he is the son of cuban immigrants. his family fled the brutal oppression of castro's cuba. he is a graduate of the university of florida. he rose to become speaker of the florida house of representatives. on not only the media but the establishment of his own party. to seek the republican nomination for u.s. senate against the then incumbent governor of florida. mineember a good friend of who had served in the house with our next speaker, he called me up and he said i know this guy. i was his roommate, i was his prayer partner, i am telling you he is not only going to win this nomination, he is going to the u.s. senate and he will be a big n

paul: good morning. i am paul allen in sydney. we are under one hour with from the australian market open. shery: good evening. i am shery ahn. welcome to "daybreak asia." paulories this friday, no agreement yet at the u.s.-mexico talks. washington says migrant discussions continue but still intends to impose tariffs on monday. president trump keeps up the pressure on china, saying he will decide on any additio

paul is our richmond hero. in the richmond, we do all of these things, and paul has actually helped us to achieve these goals. thank you so much, paul, for your service. happy, happy, long retirement. [applause] >> thank you, paul. the floor is yours. >> okay. thank you supervisors mar and fewer. it has been a great ride serving the west side for the last 30 years. but, of course, it can't be done alone. there have been numerous reporters and photographers that have worked with us over the years. my wife, sue, started the paper. we started the richmond review before we got married, and yesterday was our 30th anniversary. so a big shoutout to my wife there. and to the new owner, michael derrand, who will continue the tradition of serving the west side residents for many years to come, i hope. again, i thank you very much to the board of supervisors for this honor. [applause] >> thank you very much. and that concludes our special accomodations for today. i want to congratulate everyone that was honored today. madam clerk, let's go back to roll call. i might be next, but i believe that supervisor peskin would like to go ahead -- >> that's correct. supervisor peskin. >> thank you, madam clerk, president yee, collea

paul: new zealand is running currently weaker .1%. futures looking weaker. this is bloomberg. ♪ this is bloomberg. ♪ paul: good morning, i am paul allen in sydney. we are under an hour from the australian open. shery: i am shery ahn. kamaruddinm sophie in kuala lumpur. welcome to daybreak asia. ♪ paulctions on iran after the downing of the navy drone. president trump insists he is not looking to go to war. he also says he never threatened to fire jerome powell afte

paul making gains on borisjohnson. according to one paul making gains on boris johnson. if according to one paul making gains on borisjohnson. if there is a general election, which is possible, thatis general election, which is possible, that is going to be an important factor, isn't it? yes, tory party members taking lots of things into consideration when they decide when the ballots get sent out in one week, to cast their vote. yes, this paulve voters, not the electorate as a whole, thatjeremy hunt may be pulling ahead at least in as faras hunt may be pulling ahead at least in as far as he would make the best prime minister. when the same people are asked who they would like to be prime minister, they are lumping for borisjohnson. prime minister, they are lumping for boris johnson. 0pinion polls prime minister, they are lumping for borisjohnson. 0pinion polls are very ha rd to borisjohnson. 0pinion polls are very hard to read. the hustings continue up in carlisle and the north—west of england and in manchester. another chance for members in those parts of the country to put forward issues that are important to them. boris johnson is refusing to do a head—to—head with jeremy hunt, although jeremy hunt is challenging him to do that but borisjohnson hunt is challenging him to do that but boris johnson is hunt is challenging him to do that but borisjohnson is ahead. hunt is challenging him to do that but boris johnson is ahead

paul, of 55 years. [applause] speaker pelosi: our children, nancy, karen, christine, jaclyn, paul, and alexandra. our grandchildren, madeline, alexander, paulomas. our other grandchildren, busy with studies and exams but here in spirit. liam, sean, ryan. also, our sons who are here. also like family to me senator chris dodd. friends long before any of us were in congress. i am honored that they are here with us tonight. [applause] speaker pelosi: i am pleased to be joined by so many members of our official family in congress. from massachusetts, ryland, connecticut, texas, california, maryland. i include former members of congress, i'm including the secretary of state john kerry. and including congressman joe kennedy, who eloquently enacts, in his generation, the kennedy commitments to be a voice for the voiceless. [applause] the kennedysi: family has given so much to america's history and america's's future. we remain in all of the courage that is the kennedy constant. their courage to accept the test , -- the best, that got us's has descended upon them, and the courage of faith and hope. caroline, i specially remain inspired by the courag

paul: i'm paul allen in sydney. asia's major markets are about to open for trade. shery: welcome to "bloomberg daybreak: asia." paul: our top stories this thursday -- drama in two major stories. the u.s. and mexico failed to agree on migrants and the southern border. tariffs are still set for monday. failure too in paris, fiat dropped its merger with renault. shery: dallas fed chair robert kaplan speaks exclusively to bloomberg. he wants a slowdown before rate cuts. let's turn to japan. it was one of the biggest gainers in the session yesterday. we are not seeing much movement. the topics two times of 1% -- down 2/10 of 1%. we had a lot of risk on sentiment during the u.s. session. u.s. stocks gain on a second assion with optimism on u.s.-mexico trade deal. that is waning when it did not happen today. the japanese yen strengthening again at the 108 level. it is at the storm's level since january against the u.s. dollar. paulaustralia, which has just begun trading. a staggered open. in the early going, the asx is up higher slightly. a little change to the aussie dollar, just below $.70 u.s.. that is despite his appointing gdp numbers we had out on wednesday. checking in on new zealand, anz index is paring a lot of gains, up by eight points. shery: our top story, the u.s. and mexico have failed to agree on tariffs, with duties on all imports set to take effect monday. news came tensions on america's us on america's southern border hit their highest level in more than a decade. not really expecting that much out of these negotiations, given president trump is still in europe. yet there was a lot of optimism coming from the mexican side. >> there certainly was. there has been progress made according to the mexican side, and president donald trump, who announced that on twitter. trump said it was not enough. the president said talks will continue tomorrow in washington, but it is clear the u.s. side wants more

paul did not like the beard oriented offense with harden dominating the paul. cp. three wanted more set plays and ball movement. the question is now what? paul is untradeable and signed a huge deal guaranteed 124 million over the next three years? paul responded to this report saying this is news to me. >>> former warrior harrison barns is reportedly turning down a $25 million player option with the sacramento kings. he's turning down $25 million? averaged 14 points per game after being acquired by sacramento from dallas. he's nice as the third or fourth option on a good team but not a star but still possible he might be able to negotiate a long-term deal with the kings in the $80-100 million range over four to five years. i know. this could be these days i guess. erik karlsson got a massive deal that came with a price having to shed salary elsewhere. they traded justin braun who goes to the philadelphia flyers. along with the third rounder next year. he will make 3.8 million. he was the seventh round pick in 2007 and became one of the most reliable defensemen. what about the future of free agent joe thornton who turns 40 next month? >> yeah, probably play another ten years so, yeah. we'll wait and see but i'm thinking five to ten r

paul: i'm paul allen in sydney. shery: good evening from bloomberg's global headquarters. welcome to "bloomberg daybreak: asia." paulp stories this thursday, drama in two major stories -- the u.s. and mexico failed to reach agreements. tariff are still set for monday. fiat scrapped its planned merger with renault after a delay to decision.

paul: good morning, i am paul allen in sydney. we are under an hour from the australian open. shery: i am shery ahn. kamaruddinm sophie in kuala lumpur. welcome to daybreak asia. ♪ paul: top stories, new sanctions on iran after the downing of the navy drone. president trump insists he is not looking to go to war. he also says he never threatened to fire jerome powell after being unhappy with policy. the drum beats louder for rate cuts. and people working closely together to protect interests in the escalating trade war, we are live in bangkok. you a check oft the markets at the close. it was a turbulent day with not only iran-u.s. tensions but futures and options expiring together on quadruple witching day. there was a record intraday high only to close lower by .1%, industrials and real estate stocks leading the declines. we have one sector gaining ground, the energy sector. the biggest winner of the session. wti rally 10% last week on heightening middle east tensions. u.s. futures up .2%. let's see how we are setting up. sophie: with the event risks sex g20, we could see asian -- asian stocks set for a softer open. look at kiwi shares continuing to climb while flipping the board, checking the kiwi dollar, it is slightly higher for a succession as funds go bearish the currency ahead of the rbnz decision. the kiwi could be limited if central bank stays dovish. and not far off from a five-month high for the yen. the aussie dollar inching higher. they kept a two-week drop to fresh all-time lows. the rba looking to see cuts in july and august. paullet's check in on first word news now. su: we start with president trump and the fed. he denies ever threatening to demote fed chairman jay powell but insists he has the right to do so. he repeated his long-running criticism on nbc and said he is not happy with the way interest rate policy has been handled. trump picked powell to replace janet yellen but has a repeatedly -- has repeatedly attacked him for raising rates too far and faster the turkish lira jumped after the president suffered a defeat in istanbul. the vote was a rerun are march after the president contested a narrow loss for his party in the race for mayor. wonthe opposition candidate again by and even bigger margin. months of political uncertainty have dragged on the lira. it has lost 10% of its value against the dollar this year. the u.s. has outlined a potential peace plan for the middle east. president trump's son-in-law jared kushner released a $15 billionblueprint -- $50 blueprint. the plan comes ahead of a seminar

paul school to loyola high school in baltimore after ninth grade, because i wanted to play baseball. st. paul's only had lacrosse. what i learned at st. paul's school -- at school was that i had the talent if i applied it. i had to work hard. david: how much of your realization you could apply yourself to succeed, even your desire to do that, came from your mother? how much from the school and how much from your peers? dan: that's so interesting. definitely my mom was the big example. she went back to school around the age of 30 or 31 to the local college, townsend college, and went to school at night and on the weekend in summers. it took her three or four years to get her ba, at least. she was the first in her family to go to college. it was a big deal. at the same time, i think my parents both left it to me and to my sister to create our own education. they weren't hovering. they didn't know what my homework was. they were supportive had high standards, and it was up to me. i think that is one of the lessons you get from that kind of upbringing, is that each of us has a responsibility to create our education. it's not a gift. you can't bu

paul during the 2016 debates. rand paul was at 2% and he shot at rand paul. >> the president gets a pass.tage tonight or tomorrow night. >> totally different animal. >> alexandria, give me your take -- yes, go ahead, gov. >> i'm sorry to interrupt. but i just think that marianne williamson and yang both had great tweets tonight in response to the debate. both of them freaking out a little bit because they don't speak spanish. they were playing in as well as trump playing in. >> you get a translator. let's do this. i don't want to rush. this rojas, let's take a break. on the way back you go first, okay? see, on this debate stage you got to fight your way. in you got fight. >> i guess so. i'll definitely do it next time. >> you're doing great. we'll have you back in just a second. governor jay inslee drew one of the loudest applause lines tonight. it wasn't any of this about big thinking or highere is my best plan. it was a very simple proposition about who he wants to beat and why. does it give him traction? he is here to rate his own performance and that of what he saw on the stage, next.

paul: welcome to daybreak australia. i'm paul allen. shery: i'm shery ahn. we are counting down to asia's major market open. ♪ paulop stories we are covering. big tech leads wall street lower amid antitrust speculation. the nasdaq down 10%. the fed president james bullard sees a rate cut soon. u.s. manufacturing

paul: the next guest sees more -- the next hour. the next guest sees more problems to come. this is bloomberg. ♪ paul: this is daybreak asia. i am paul allen in sydney. shery: i am shery ahn in new york. our next guest sees weakness for asian markets. joining us now from singapore is our strategist. is your outlook potential support from banks around asia? thank you for having me here. i think we are generally ready to preface this. passed to the g20 meeting, we could be having two different conversations depending on what the outcome is. we are looking for more updates coming through. talks comingitive in. there are some things missing at this point. we're looking at the situation. we are waiting just see what happens at the g20 meeting between president trump and president xi. i think right now, we could be seen the market getting a little more. this is very sentiment driven. shery: that optimism is huge. we have seen u.s. stocks at record highs. the chinese markets are in a bull market right now. there is a huge rally we have seen in the csi 300. yet, other markets around asia, japan is close to a raising their years gain. their years' gain. google get hit? will it be japan -- who will get hit? will it be japan? other markets around asia? jingyi: there are a lot of hopes in the market. the market is seeing a lot of repeats. in may, we had weakness in the market and then after the market, an institute came through from the g20. in a sense, they are trading a little bit more to the favor of the central banks. i think that in the sense, the we are doing a little too much. ones thate are the could actually be the ones that can see a little bit more of the adjustments. it is not going to be the roads. -- the road out of this. yuan seems to have fallen. we were having a discussion possibly pushing through seven. that was pretty far from the case. that since the aligning, the trade war will continue to escalate. surprised -- i there are things we should be more cautious of. what we are seeing is the baking and of this optimism. -- in of this optimism. gettinget in china is bad news. that is why we are seeing that reversal. thatld not be surprised the sentiment itself would be the one getting hit. seems to bet overruling what the fundamentals are doing for the markets. i think that given what we are this seems toow, , rather thanll end a peaceful situation coming from the g20. we are seeing a higher dollar. i think this is something worth watching at this point. the market does seem to see some psychological resistance at this point. i want to get your -- paulget your opinion on gold. do you see more upside? i'm glad you mentioned this. this is one of the surprises we are seeing. this could be a full on makeup from the trade war. what we have is the expectation for the federal reserve. a formal shipped coming through expecting the u.s. dollar to weaken. the gold price is shooting up. it is no doubt a little overbought. market --ink that the we could see prices going up. we will see a burst for code prices in light of the tensions. also, the dollar weakening. paul: thank you very much for joining us. you can get a roundup of the stories you need to know to get your day going. oft is in today's edition daybreak. it is also available on mobile and the bloomberg anywhere app. on the on thews industries that you care about. this is bloomberg. ♪ benjamin:benjamin: -- -- -- paul: what are investors washing for, david? david: the main point of the meeting is to reform the structure. up for vote will be a three committee structure which is designed

paul: welcome to daybreak australia. i am paul allen. shery: i am shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering, china blames the u.s. for the trade war and says it has not made america great again. morgan stanley sees a recession in a year as the dispute deteriorates. a big day of data for down under with the rba's latest house prices that could tip the balance on how they cut interest rates. shery: let's see how we are setting up for the asian open with u.s. futures kicking off trading. china blaming the u.s. for the collapse of trade negotiations, we see futures under pressure down .5%. china also said it is investigating fedex and considering blacklisting some firms they say damage the interest of domestic companies. take a look at how u.s. markets closed on friday. it was the worst month of the year for the s&p 500. carmakers down about 4% on tariffs news, the president also threatening tariffs against mexico. we saw the dow falling for a sixth consecutive week, the longest since 2011. yield, 2.1%, treasuries continue the rally for a fourth day over concerns from the economy. trade tensions continue. but see how asia is -- let's see how asia is setting up. open,pointing towards the abit of a mixed bag, it is finish in the u.s. startedand has not treating yet. you see friday's close. nikkei futures traded out of of 1% ina third australia, futures on the asx pointing south .4%. big day in australia, we have the may house price, pretty closely watched in the context of the reserve bank of australia tomorrow with the rba widely expected to adopt and easing price. kospi futures pointing higher which is curious considering that countries exposure to the trade war. the last few days the korean markets have been up. let's check in on first word news. chinesetart with the defense minister saying the military will take action to defend the claims over taiwan and the south china sea. speaking at the shrinking low security -- shangri-la concerted -- what he calls limited defense abilities in the contested south china sea. they also issued a warning against external forces. >> china must be and will be unified. we must be unified. be any excuse to do so if anyone dares to split taiwan from doing so the chinese military has no choice but to fight at all costs for national unity. su: in germany the leader of german chancellor angela merkel's coalition partner is stepping down. the social democratic party will resign after removing the party's backing following a big defeat in the european parliament. the leader played a key role in the coalition and her departure could come -- cause her party's exits. merkel could lead and -- a minority government or face a snap election. in the u.s. sake -- secretary of state mike pompeo says the trump administration is ready to negotiate without conditions but iran's foreign ministry say these don't demonstrate a change in policy and washington needs to be corrected. an iranian military has warned the u.s. forces operating in the gulf work within range of missiles. some indian lawmakers are reporting potential economic crisis after president trump followed through on previous trips to terminate india's designation as a developing nation. this would eliminate the exception that allowed india to export 2000 products to the u.s. duty-free. organizationade said exporters could lose $260 billion. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. shery: china said it is willing to work with the u.s. but blames the trump administration for the collapse in talks. they say they won't be pressured into concessions even as they ramp up retaliation. tom mackenzie joins us more -- with more. what exactly is china planning to do? tom: there has been a flurry of activity in beijing as china lines up at six months -- its response to the latest tariffs, those sanctions against huawei, most recently sunday. we got this white paper issued by beijing. we had the vice commerce minister coming in on this, china's officials putting out their position on the back of the failed talks and explaining why they think the talks collapsed, blaming the u.s., reneging on previous commitments, saying an outline of damage they think this is happening -- having on the u.s. corporate and also u.s. consumers. when it comes to the talks, chinese officials saying the u.s., when they were presented with an inch, they took the yard. chinese officials say if you want to get any deal going forward you need to have the u.s. walking back some of its demands again around things like agricultural products, also saying that in terms of future deals it has to be mutually beneficial and benefit both sides and say ultimately tariffs need to be removed if you want china to sign up. really hunting the ball back it -- punting the ball back into the u.s. court and also outlining damage from the tariffs are they say they are ready to negotiate but the gap --ee decides remains fast remain vast. a willingness to negotiate but in the meantime still the gloves seem to be coming off. how has china retaliated? tom: there is a white paper putting out its position on sunday. they took a number of other measures including of course increasing the tariffs as they had plans to do, retaliatory tariffs into the chinese markets. that happened june 1. the tariffs were raised on 2400 goods from 10% to 25%. the tariffs are now firmly in place. another interesting move from the chinese side was putting out something called an unreliable entity list which gives chinese broad scope to punish and take action against companies that it sees as opposing national security mix -- risk or discriminating against chinese companies. this was a form of retaliation for the sanctions put in place over huawei. one example was fedex which is being probed in china. this over the delivery of packages from huawei. fedex is facing an investigation and state media saying other u.s. companies could face similar actions again as a result in retaliation for the sanctions and cutting off supplies and components to huawei. a number of steps china has been putting in place and we heard on friday officials have drawn up a plan to cut off exports of rare earth to the u.s. market if indeed the central government and leadership go down that route i want to take that measure as they are ready to pull the trigger on the plan. -- if they want to take that measure as they are ready to pull the trigger on the plan. paulthe trump administration doubling down on its threat of tariffs on mexican imports. let's get more with amy stillman joining us from mexico on the phone. in washington bloomberg news editor ros krasny is with us. what has been the president's sank in? the news ros: president trump had strong words for mexico over twitter both saturday and today and said the time is now action, not talk. they accuse mexico of taking advantage of the u.s. for decades. a very interesting intertwining between the goals that are supposed to be on the table for this action which is border security and the migrants across the border with some of the president's other goals including moving factories back to the u.s. and throwing in illegal drug action. he is lumping them off together even though he has made the simple about the border. there are talks coming up this week, not clear how this will go and of course president trump won't be here for them. amy.: let me turn to you, our following president trump --

paul: good morning, i'm paul allen in sydney. shery: good evening from bloomberg's global headquarters from new york, i'm shery ahn. elcome to day day. paul: our top stories this tuesday, tech will be in focus fter anti-trust fears send stocks lower. futures in tokyo and hong kong showing modest gains as they're accused of playing the game -- blame game. shery: and we're joined exclusively this our by telstra 's head in japan. we are looking at some gains for the nikkei, up .2%. the japanese yen holding steady at below that 109 mark. of course, we have seen incredible strength for the japanese yen and yet the nikkei now gaining ground, given that we had fallen to its lowest level since february over trade tensions, not to mention the u.s. markets also losing ground. the korean market at the moment opened down .1%. is after the coss pay -- postkospi gained ground for flee consecutive sessions tv. juan has risen to the highest in a week. paulery. we do have modest gains happening in australia as the stocks gradually come online. b.h.p., one of the best performers at the moment. perhaps a little bit of the relief after some of the resources stocks got hit on monday but president trump has since concluded that australia is not going to get swept it in the trade war, as far as the u.s. is concerned. pretty much the consensus from economists and the market that the r.b.a. will drop the cash rate to 1.25%. the aussie dollar just below the 70 cent mark. a quick check on the market. 75% but perhaps playing catch-up after it was closed monday for the queen's holiday. let's get a first word with jessica. jessica: south korea's economy contracted more than estimated in the first quarter. g.d.p. shrinking a 10th more than forecastses in april. however, the bank says the domestic economy should expand this year in line with its proks of 2.5% growth. the world's top independence oil trader expects opec and allies to extend production c

paul: welcome to daybreak australia. i'm paul allen. shery: i'm shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. big tech leads wall street lower amid antitrust speculation. the nasdaq down 10%. the fed president james bullard sees a rate cut soon. u.s. manufacturing sinks to the lowest under president trump. and the president hinting at a big trade deal as the country throws off the shackles of the european union. shery: let's get you started on a quick check of how the markets closed in the u.s. major indexes managed to finish on session lows but not a great day for the beginning of june after capping the worst month of the year. the s&p 500 fell 3/10 of 1%. we saw the biggest selloffs in facebook, amazon, apple and the tech giants over concerns of those antitrust investigations coming their way. we had some not so stellar economic data while the u.s. manufacturing pmi seeing the toughest month and 10 years. we have the dollar taking a hit. yields taking a hit on jim bullard's comments of a rate cut on the horizon. u.s. futures up to tenths of 1%. let's see how we are setting up for the asia open. paulthanks. we got new zealand back trading today. catching up to do after monday's public holiday. a shade more than 1% following some of those u.s. markets lower. we have futures pointing weaker after some surprising days of gains by about one third of 1%. nikkei futures looking flat while in australia, futures pointing higher by a third of 1%. a big day in australia with the reserve bank expected to ease cuts 25 basis points off the cash trade. that will be the first move by the rba in a most three years. let's get the first word news with jessica summers. jessica: the st. louis fed chief james bullard says there made to -- may need to be a rate cut soon to counter risks to the economy. he says the trade war has only had small effect so far, but the implications for the u.s. and the wider global economy are concerned. it is the first time a senior fed official has publicly suggested the need for a cut whose rates were put on hold in january. manufacturing.s. fell unexpectedly last month

paul: welcome to "bloomberg daybreak: australia." i am paul allen in sydney. shery: i am shery on in -- i am shery ahn in new york. paule are covering. the u.s. mexico talks, washington says discussions continue on immigration. president trump keeps up the pressure on china, saying he will decide on any additional duties after meeting xi jinping.

paul. >> it was also where paul pelosi's family had ties to the local political establishment. >> you combine the connections that paulosi had and her sort of political dna. they lived on a very fancy part of san francisco. it was very natural for her to host fundraisers. >> over the years, pelosi would become one of the democratic party's most effective fundraisers, consolidating power by bringing in money for candidates all over the united states. >> if the chand leer was in this room just like this and nancy asked the chand leer for money, money would pour out. >> but raising money was just the beginning. >>> coming up -- >> that was really what took me from kitchen to congress. om kits i had a heart problem. i was told to begin my aspirin regimen, and i just didn't listen. until i almost lost my life. my doctors again ordered me to take aspirin, and i do. be sure to talk to your doctor before you begin an aspirin regimen. listen to the doctor. take it seriously. this is a commercial and i know you're thinking. i don't want to hear about insurance. 'cause let's be honest... nobody likes dealing with insurance. righ

paul mccartney. i loved "egypt station." >> paul mccartney. >> you worked with - do you get nerucus when you're prodg and writing with paul mccartney >> mccartney, i did get i said a prayer beforeked in the studio. >> jimmy: well, you know the pope now, kind of. >> i know the -- yeah, yeah. yeah, yeah >> jimmy: through a friend of a friend >> i figured - when you walk in the door with so i literally walk inre, i said, god, please. be funny, don't be stupid. be smart, be talented. please be talented everything just kind of clicked. walked in the door, he makes you feel comfoable he's super talented. i will say, it was kind of embarrassing, i had to apologize to him because when he first reached out to me, he called me -- his manager said, paula plus 44, it's the u.k., i hit ignore, calls backhit ignore again >> jimmy: so at this point you forgot that you said yes - that he's calling you -- >> i forgot. i forgot this is three weeks later. i forgot i hit ignore for the thirdme tiand i get a text saying "hey ryan, free to talk? i write back "new number, who qu dis estion mark" [ laughter ] [ foghorn >> immy: that's funny that's funny >> not making it up. >> jimmy: that's what i would do >> not making it up. and he writes back "it's pete," and i write back, a capital p, and i write bark "pete question ma sir paul i immediately grab the phone, like, oh [ talking over each other >> jimmy: don't hang up. don't hang up. >> hey ryan. >> jimmy: hey ryan, yeah >> hey, it's good to talk to you man. >> jimmy: he's the greatest, man. >> he's the best he's the best. >> jimmy: he's the greatest. how do you do this, and then you come up with "songland," idea for a show. a brilliant >> thank you >> jimmy: it's you producing with adam levine

paul: good morning. i am paul allen in sydney. shery: good evening. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paulies this wednesday, president trump claims total control of tariffs. he says he is personally china and deal with has struck a sec

paul: welcome to daybreak australia. i am paul allen. shery: i am shery ahn. we are counting down to asia's major market open. ♪ paul we are covering, china blames the u.s. for the trade war and says it has not made america great again. morgan stanley sees a recession in a year as the dispute deteriorates. a big day of data for down under with the rba's latest ho

paul: welcome to daybreak australia. i am paul allen in sydney. shery: i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down asia's major markets open. paul top stories we are covering. wall street welcomes president trump shelving tariffs on mexico. 500makers lose in the s&p for the fifth straight session. president is threatening higher tariffs on

paul: welcome to daybreak australia. i am paul allen in sydney. shery: i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down asia's major markets open. paul: here are the top stories we are covering. wall street welcomes president trump shelving tariffs on mexico. 500makers lose in the s&p for the fifth straight session. president is threatening higher tariffs on china. the inside line. someone with intimate knowledge of beijing's trade war strategy. shery: we will hear from some big guests route this hour, including the boj governor and japan's ceo. david atkin, head of the construction and building union fund. let's get you started with a quick check of how the markets closed in the u.s. the s&p 500 gained for a fifth consecutive session and finished just below the mid-may high of 2892. still the longest winning streak since april, the biggest jump since january. we have had al automakers and chipmakers the biggest gainers as president trump indefinitely suspended the tariffs on mexico. the mexican peso jumped the most in more than a year. the nasdaq up 1%, while the dow gained 3/10 of 1%. we also had some takeover deals, merger news really boosting the stock market. investors squarely focused on what will happen going forward when it comes to trade. we are heading towards that g20 meeting at the end of the month. president trump threatening tariffs on the remaining chinese goods if president xi jinping does not meet with him in japan. we are seeing u.s. futures unchanged at the moment. let's see how we are setting up for the asian market open. sophie: this morning, futures are hinting at a mixed session for asia with kiwi stocks opening 6/10 of 1% higher. australia opens after the long weekend. filipino trade, factory output. we could get chinese new lending data as soon as today. plus, earnings in the wake of taiwanese data that shows shipments of ip components rose to a record, while total exports fell for a seventh straight month. the maybe more excitement around alibaba potential listing with credit suisse leading the plant offering. a quick check on wti, hovering around the 53 level after falling below 50 for overnight despite saudi's assurances of continued cuts. it has been abrupt and has seen a supportive view of prices but the 2019 forecast of wti and brent. paul: thank you very much. let's get the first word news with jessica summers. jessica: the united states has "grave concerns" about a new bill in hong kong that would ease extradition of people into mainland china. the state department says it can undermine the city's freedom and damage of business environment. hundreds of thousands of people rallied on sunday against the proposal and what was hong kong's biggest protest since his return to china in 1987. rhetorictepping up the by warning that the u.s. "does not expect a safe space" after it actions against tehran. a series of threats over president trump's rejection of the 2015 nuclear deal and most recent sanctions against the iranian oil industry. he says the u.s. launched an economic war that it will not be able to finish. and, the bank of japan says it has the tools to deliver more stimulus as necessary, but admits policymakers must be aware of the side effects to the financial system. governor kuroda said he would put further easing

paul: time now for our hits and paul: time now for our hits and >> time now for our hits and misses of the week. kim, first to you. >> paul, i missed joe biden but this was completely abandoned his former support for the hyde amendment, federal law that bars taxpayer dollars for abortion. the old biden, the guy who claim to a present middle america, had a great line on this and was a democrat believe government should not be involved in a woman's choice and put that all the weight and you should not use money for abortions either but that was his position a lot of americans agree with. under enormous pressure from his progressive left hip and h that and i do not think this bodes. well for the 2020 democratic field. paul to california that decided it will not kill you. under the state's top 65 starbucks does condone this and now they no longer have to doce that. but the california policy center reports this week they have cited another cancer warning so apparently your chick-fil-a will cause you cancer. paul: release on the coffee front of it i was in trouble. >> paul, hit to the chicago tribune for publishing angry letters to the letters. and abraham again before he was present. he one letter he says and how it got them to put such paragraphs into the tribune. another calls the article poisonous and another speaks of the papers motivation is blind rage to accuse me. sounds an awful lot like old ape complaining about fake news. paul: kyle. >> hit from man who re-created f his parachute jump. he jumped in with a one 100% born on a dark, dark except for all the hurricane of fire coming up and he landed to cheers and was the perfect jump and i feel great and do it all again. paul: that is for sure. thank

paul: i'm paul allen in sydney. we are under an hour away from the australian open. kathleen: good evening. i'm kathleen hays. sophie: i'm sophie kamaruddin in hong kong. welcome to "daybreak: asia." paulies this tuesday, a muted start for asia as trade awaits the fed. chinawall street managed calls on u.s. treasuries since holdings hel

paul wafter. one of the first things that paul wafter was able to do was link lebron james and warren buffett and let them bond. >> wafter made other powerful connections were james and company. >> paul wafter introduced him to jimmy getting him involved with beats headphones and getting bought by apple for billions of dollars and lebron participated in that sale. >> it was after a trip to an exclusive conference for media and tech executives in sun valley, idaho, that lebron found his second calling. >> all the biggest names in media, technology and the internet are here. another new attendee turning heads, lebron james. >> people wanted to be in business with lebron james. lebron really recognized that media was a place he could have a long career after basketball. >> from feature films to digital series, lrmr are developed an enviable slate of high-end projects for hbo, showtime and nbc and its prime time series "the wall." >> seems like every time he opens his mouth they're green lighting a project that he wants to do. >> for james, though, success was always about more than just money. and despite a triumphant run in miami, the chosen one still had a prophesy to fulfill. >>> coming up -- >> if we failed it was going to be his fault. what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. you can barely feel. but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪ >>> hi, i'm richard lui. one person was killed, at least six injured when a construction crane fell on an apartment building in dallas. this happened in a storm with high winds. the crane cut a gash in the building and parking garage next door. >>> president trump attacking former nixon white house counsel john dean ahead of his appearance monday at a house hearing on the mueller report. in a tweet trump called dean a sleaze bag. now back to "headliners: lebron james." >>> in the summer of 2014, after winning two nba championships with the miami heat, lebron james was once again a free agent. >> teams are lining up to lure the four-time mvp to sign with them. among them, cleveland. the city he left and a city that's never let him live it down. >> wherever he chose to go, james was determined to handle this decision differently than the 2010 debacle on live tv. this time, he made his announcement in print. >> lebron james is headed home to cleveland. "sports illustrated" first to break the news. >> in the article, 29-year-old james said, quote, my relationship with northeast ohio is bigger than basketball. i didn't realize that four years ago. i do now. >> lebron matured, even the fans in cleveland matured. they recognized that he never left home. lebron likened his time in miami to going away to college but guess what. i wanted to come back home afterwards and so i think people get behind that. >> that summer the legions of fan that is cursed james for leaving them four years earlier welcomed their king back home. >> i love you. i'm back! >> behind the scenes, james helped overhaul the cavs roster there was they hadn't even come close to winning without him. >> he quite frankly took crib notes from pat riley all the time in miami. he brought it to cleveland, plopped it down on the table and tried to apply it from the very start. >> in james' first season back the cavs made it to the nba finals against the golden state warriors, considered by sports writers as one of the best basketball teams ever. after six games, the cavs lost the series. the following season they regrouped under a new head coach and with some new teammates including nba veteran richard jefferson. >> i didn't go to cleveland. i didn't go to the cavs. like, i went to go play with the best player on the planet that had other great players around him. there was just so much talent there. >> but james learned that talent alone didn't guarantee championships. he was determined to make this roster perform to his standards. >> the lebron james experience for a teammate can be overwhelming at times because the machine never stops. he's not a perfect leader. he can be demanding. he can be passive aggressive. but guys will also tell you that when they raise their level of game to a level they didn't recognize they had in them there's nothing more satisfying. >> he is the best player but he is also out there to make other people better. >> in 2016, the cavaliers earned a finals rematch with the golden state warriors. sports writers pegged the cavs as underdogs. >> we were a band of misfits to say it nicely but at the end of the day we all trusted each other and we understood each other. >> despite the effort, and desire of teammates, james knew the outcome was in his hands. >> he was the person that everyone looked to in the sense that if we failed it was going to be his fault. if we succeeded it was going to be his fault. he took that and he owned it and he just demanded high level intensity from everyone. >> on june 2nd, 2016, the battle between king james and his arch rival steph curry kicked off. >> there was nothing enjoyable about that series. we lose the first game and we get blown out. lose the second game. okay. stressed out. blown out. >> in the locker room before the third game, james found an unusual way to inspire his teammates. a commencement address from the late ceo of apple. >> he starts playing the steve jobs speech from stanford and in that speech he talks connecting the dots. >> you can't connect the dots looking forward. you can only connect them looking backwards. believes the dots connect down the road will give you the confidence to follow your heart. >> on june 8th, 2016, in the all-important game three, the cavs clinched their first win in the best of seven series crushing the warriors. >> clayton recovers in the bay area with 32 from the king on their home court. >> but look. we are still down 2-1 so you're still stressed and all of a sudden craziness happens. >> in game four, the warriors won again taking a three games to one lead. >> the golden state warriors are one game away from winning a second straight nba championship. >> no team had ever come back from a 3-1 deficit. >> there was no room for error and you go against a great team. we knew our chances were slim. >> for the cavaliers, game five was do or die. >> i was at game five and lebron just took control of that game. if he wasn't scoring, kyrie irving was. >> back in cleveland for game six, the cavs won again. >> game six of the nba finals, lebron james willing his team to victory forcing a game seven. >> yeah. >> game seven was an epic nail biter. the team swapped the lead back and forth. late in the fourth quarter, with a score tied at 89, the warriors andre iguodala grabbed a rebound and raced to score. >> i'm looking at this like, oh no. all of a sudden and this is not an exaggeration. you just see this blur. >> that blur was james. >> it was him and his 260 pounds running full speed and he made one of the most impressive plays in literally the history of sports. >> abc's broadcast captured the stunning moment. >> block by james! >> that block was everything. that's when it hit me right at that block like, wait. we have a chance. >> a minute later, kyrie irving hit a crucial three pointer and with ten seconds left, a james free throw sealed the championship. >> i can't recall a better nba finals than that one. >> the block became a defining block of the series. >> for the rest of his life whenever they show a highlight reel of lebron that will be the ultimate moment. it is not a shot. it is not a pass. it shows how complete of a player he is. >> it had been 52 years since cleveland had won a major sports championship. cavaliers players could barely contain their emotions. >> all of a sudden he crumbles. he just starts crying. it is like a guy searching for home and he found it. he is a different person than the guy we met as a 18-year-old which is what we all want to be. you don't know who that person is until you become it. >> lebron james winning a championship for the city of cleveland is maybe the greatest basketball story ever told. >>> coming up -- the king versus the president. award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? of course i'm not gonna just let them make all the decisions on their own. verizon lets me manage the time they spend on their phone. it's a win for all of us. (vo) the network more people rely on, gives you more. like the new just kids plan. a phone plan for young users. that's verizon. >>> ever since he entered the league basketball fans have compared lebron james to michael jordan. both the greatest of their time. both business moguls off the court. but when it came to social issues and politics, michael jordan was famously silent. >> jordan gave athletes a dirpt kind of blueprint. he thought them to be global brands and you could potentially sacrifice all of that by being too political, by being too outspoken. >> for the first nine years of his career james appeared to follow jordan's lead. but in 2012, when james was playing for the miami heat, a tragic incident in florida changed that. >> a grand jury will convene next month in florida to consider evidence in the death of trayvon martin, an unarmed black teenager gunned down by a basketball neighborhood watch captain. >> lebron james understands while he is providing an affluent life for his children, trayvon martin may happen to his sons. >> in the days of martin's death, james and dwyane wade gathered the teammates for a photo. they posed wearing hoodies like trayvon wore when he was killed. james tweeted the photo and it went viral. >> that was the light bulb going off. >> and going forward from there lebron just became more brazen and he said i'm going to be who i am and if the companies want to be in business with me, if the fans want to be my fans they will have to accept me for who i am. >> in april 2014, james was stirred into action again. this time by racism within the nba itself after a tape was released of los angeles clippers owner donald sterling making racist remarks. >> don't come to my games, don't bring black people and don't come. >> james spoke out before a playoff game in an espn interview. >> can't happen from a player, can't have it from an owner, a fan. so on and so on. >> lebron james most important player, money maker, went before a national tv audience and told everybody that donald sterling did not belong in the nba. that was the message to the league. >> effective immediately, i am banning mr. sterling for life from any association with the clippers organization or the nba. >> i think that lebron at a certain age, especially when he got to his mid-20s realized it was more than basketball. >> don't touch me. >> caught on tape, the arrest of 43-year-old eric garner by new york city police. today his death was ruled a homicide. >> i can't breathe. >> i can't breathe! i can't breathe! >> jououtraged, james remarkabl publicly. >> here in new york. >> cavs star lebron james took the court with the words i can't breathe. >> james couldn't ignore the rash of police violence. >> a deadly struggle between police and a man in louisiana. >> 2015, cameras captured the deadly encounter of baron rouge police and alton sterling. >> hey, boss. >> the following day, news broke of another black male killed by police in minnesota during a traffic stop. the victim was castil. james reacted on twitter and then the next week at the espy awards broadcast by abc. james with fellow stars addressed a national audience. >> let's use this moment as a call to action for all professional athletes to educate ourselves, explore these issues, speak up, use our influence and renounce all violence. >> to take it from just a tweet to then using a huge platform like the espys that the country needed healing, it is an amazing transformation that's taken place. in many respects, the black athlete has been reawakened. some of that has to do with the political time we are in. >> san francisco 49ers quarterback colin kaepernick is standing firm this morning in his highly controversial refusal to stand up during the national anthem. >> in the fall of 2017, kaepernick's protest caught the attention of america's new president. >> wouldn't you love to see one of these nfl owners when somebody disrespects our flag to say, get that son of a bitch off the field right now? out. he's fired. he's fired! >> while trump tackled the nfl, james took on trump. >> i'm not going to let -- while i have this platform to let one individual no matter the power, no matter the impact that he should have or she should have, ever use sport as a platform to divide us. >> when nba champion steph curry refused an invitation to the white house in 2017, president trump tweeted going to the white house is considered a great honor for a championship team. stefen curry is hesitating, therefore, the invitation is withdrawn. lebron james jumped into the fray to defend his on court rival tweeting, you bum. @stefen curry 30 already said he ain't invite. going to who i say was a great honor. until you showed up. >> you call somebody a bum. it's the president of the united states? that's just -- i don't know. there's no come back. >> james post was retweeted nearly 700,000 times. five months later in an interview on his digital platform. james and kevin durant landed on the topic of trump. >> the number one job in america. the point of person is someone who doesn't understand the people. and really don't give a -- about the people. >> our team as a country is not ran by a great coach. >> frequent trump cheer leader was quick to fire back. on her fox news show. >> keep the political commentary to yourself. or someone once said. shut up and dribble. >> two days later in a press conference at the all star game, james was asked how he felt about the comments. >> the best thing she did is going to help me create awareness. i have sit up here and talk about social injustice and kwaelty. i will not shut up and dribble. i mean too much to my family and the kids that look up to my for inspiration. >> he turned the phrase into a show time series about athletes and politics. narrated by hill. >> this is our moment to know people how fwewe felt as a team >> coming up. lebron james and president trump. face off on the court of social media. a. so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ woman: (on phone) discover. hi. do you have a travel card? 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[ screaming ] pops are your friends gonna die? pickles don't be so dramatic. but yes probably. there they are. aww! >>> basketball sen station lebron james wasn't holding back when it came to criticizing the president. in july of 2018, he appeared on cnn tonight with don lemon. >> what i have noticed over the last few months. he's used sport to divide us and that's something that i can't relate to. >> by his tweet it appeared president trump was listening. lebron james was just interviewed by the dumbest man on tv. don lemon. he made lebron james look smart. which isn't easy to do. i like michael hancock was a reference to michael jordan. who came to jamess defense. >> jordan saying i support lj. he's doing an amazing job for his community. >> the president exposed himself for calling lebron james stupid. between the two of them only one is a self-made millionaire. to call that person unintelligent. it speaks through the intelligence of the person who said it. >> james out spokenness didn't come without consequence. in 2017 a racial slur was spray painted on the gate of his home. >> a disturbing off the court incident. he delivered a powerful message after his home was vandalized. >> no matter how much money you have. no matter how famous you are. how many people admire you. being black in america is tough. and we have a long way to go. for us as a society and for us as african americans until we feel equal in america. >> in the two seasons that follow the 2016 championship. lebron james and the cavaliers returned to the finals. after devastating back to back losses to the warriors in 2017. and 2018. there was little expectation. even among cavs fans that lebron james would stay in cleveland. >> where he'll take hiss talent next. >> teams wooing him from coast to coast. july 1, 2018, james agent rich paulith a new team. the l.a. lakers. in cleveland this time, there were no public burnings of his jersey. and james let it be known he wasn't abandoning his hometown. he would give ohio something even more valuable than a championship. >> super-star lebron james. three time champ returning to akron, ohio. for what he called one of the greatest moments of his life. >> the star opened a school in akron. for at risk children. james's mother raised the flag at the i promise school. which offers education, scholarship and resources to some of northeast ohio neediest families. >> these kids should have the same opportunity as everyone else. these kids are the future. and no matter if i'm play ng l.a. or not. akron, ohio is always home. >> i know exactly what the 240 kids are going through. i know the streets they walk. i know the trials and tribulations they go through. i have been there. >> he's never forgotten those that have helped him along the way. he's never forgotten the hard times that h

paul: good morning. i'm paul allen in sydney. shery: i am shery ahn. sophie: and i am sophie kamaruddin in hong kong. welcome to "daybreak: asia." paul: our top stories this thursday, hong kong lawmakers convening in the coming hours to discuss the extradition bill. carrie lam says she is ready to take -- make tough decisions. expectations are mounting that mayyuan may be each -- reach seven dollars. look at thee will rising global campaign for lower rates. expectations of more dovish control banks have held a rally of the market. let's get straight to the market action with sophie. sophie: we are seeing weakness in tokyo with the nikkei 225 set for a second day of losses while the yen is holding steady. among the laggards is tokyo electric. seoul,g on the mood in .1%.ospi up -- samsung shares -- the aussie is trading study ahead of jobs data and kiwi stocks are looking for a change to the downside this morning. paulk in on the first word news with ed ludlow. atthe u.s. deficit looming -- more than $200 million bigger than a year earlier despite the revenue boost. the congressional budget expect the annual deficit to come in at around $1 trillion by 2022. acutely watched measure of u.s. inflation trailed forecast in may. the core consumer price index removes energy and rose to percent from a month earlier, 1/10 lower than predicted in a bloomberg survey. fed willss says the simply be wrong in their approach. economies -- comments have been wrong, staff economists have been wrong because they had been believers in the idea that as unemployment goes down, inherently, inflation will become a problem. they had it simply wrong in that thesis. remains below expected in india as well. below the rbis medium-term goal of 4%, it is the 10th consecutive month that inflation has been below target. sales of passenger vehicles also declined last month. haveof thousands of people been evacuated as a major storm

paul manafort is communicating with shawn hannity isn't just expressing support. from a legal perspective, paul manafort is under a damage order. the judge has said i don't want you talking about this in public. what does paul manafort do, he says, i got a pretty good friend whose got a big audience. he's sharing information with sean hannity with the purpose of him sharing on his show. so hannity is sharing what he wants had imto share. then pault and his lawyers quote sean hannity back to the judge and say look at what all these legal experts are saying. he's really trying to play the public and the judge by circumstance venting the damage order in this way. >> thank you for being here. barbara is a former u.s. attorney and msnbc contributor. >>> we have a major development in a story we've been covering for weeks now. you may want to hear this. just ahead. i don't keep track of regrets. and i don't add up the years. but what i do count on... is boost® delicious boost® high protein nutritional drink has 20 grams of protein, along with 26 essential vitamins and minerals. boost® high protein. be up for life. (avo) the russels travel to swim meets every saturday. but now...it's thursday. good thing they discovered gain flings, with oxi boost and febreze odor remover. gain flings. seriously good scent hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? wh

paul: i know trump can run against that. >> i think he can. paul: do you a agree? >> yes, as long as the american economy doesn't go down under the weights of the tariffs. paul: tongses with iran -- tensions with iran escalate following attacks of two oil tankers in the gulf of oman. general jack keane on what iran is up to and how the u.s. should respond. since my dvt blood clot i was thinking... could there be another around the corner? or could it turn out differently? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot... almost 98 percent of patients on eliquis didn't experience another. ...and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily... and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. what's around the corner could be surprising. ask your doctor about eliquis. the ♪exus es... ...every curve, every innovation, every feeling... ...a product of mastery. lease the 2019 es 350 for $379/month for 36 months. experience amazing at your lexus dealer. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. >>> unprovoked attacks present a clear threat to international peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tensions by iran. paulry of state mike pompeo, blaming iran for the attacks on two oil tankers in the gulf of oman. the attacks which occurred early thursday near the strait of hormuz, are reigniting concerns about a disruption to one of the world's busiest oil shipping lanes and raising questions about how the trump administration should respond to the provocation. general jack keane is a strategic analyst. general, great to have you here again. do you have any doubt that it is iran that is behind these two attacks? >> oh, there's no doubt whatsoever. i believe they're behind the four other tankers that were also sabotaged and this is clearly a strategy of theirs. they believe the diplomacy of the united states which is crippling their economy, they want that to stop and they want the international community to put pressure on the united states to back off. that's what this is all about. it's a page out of what they do in the late 1980s. paul: just on that point you're saying if they create enough mayhem,

paul: i know trump can run against that. >> i think he can. paul: do you a agree? >> yes, as long as the american economy doesn't go down under the weights of the tariffs. paul: tongses with iran -- tensions with iran escalate following attacks of two oil tankers in the gulf of oman. general jack keane on what iran is up to and how the u.s. should respond. ♪ limu emu & doug look limu. a civilian buying a new car. let's go. limu's right. liberty mutual can save you money by customizing your car insurance, so you only pay for what you need. oh... yeah, i've been a customer for years. huh... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> unprovoked attacks present a clear threat to international peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tensions by iran. paul iran for the attacks on two oil tankers in the gulf of oman. the attacks which occurred early thursday near the strait of hormuz, are reigniting concerns about a disruption to one of the world's busiest oil shipping lanes and raising questions about how the trump administration should respond to the provocation. general jack keane is a strategic analyst. general, great to have you here again. do you have any doubt that it is iran that is behind these two attacks? >> oh, there's no doubt whatsoever. i believe they're behind the four other tankers that were also sabotaged and this is clearly a strategy of theirs. they believe the diplomacy of the united states which is crippling their economy, they want that to stop and they want the international community to put pressure on the united states to back off. that's what this is all about. it's a page out of what they do in the late 1980s. paul: just on that point you're saying if they create enough mayhem, if they look like they can disru

paul manafort. you'll remember within minutes of paul manafort being sentenced in washington, d.c., for the federal crimes, the manhattan district attorney brought charges against manafort in new york state for mortgage fraud crimes. paul manafort could have potentially argued he couldn't be brought in federal court and state court. the supreme court essentially putting that to rest, putting those chances that paulle bit lower of a level here because it does stand this separate sovereigns exception will stand that state and federal prosecutors can, in fact, bring charges that result from the same underlying offense without violating the double jeopardy clause. again, it was a long shot it would have been overturned because this has been such a long standing exception. >> just quickly, this was not about paul manafort but bigger picture practical impact? >> the practical impact is we have courts already overworked. federal and state courts. we have over 2 million people who are in our jails and prisons. and so this is not going to help the situation but it's dispiriting for that criminal who's been convicted in one court who now doesn't know if that person will be convicted in another court. >> those who brought the case were critical of the fact they think it punishes poor people essentially, right? >> and it does. when you look at your jails and prisons, that's where you find poor people, peopl