caroline: michael sheppard weaving it beautifully together for us.t has real effects on company's earnings. asml has said with the latest export controls, their ability to shipped to china, they could see a revenue impact of 15% this year. we look at nvidia earnings yet to come and we know they have exposure to china too. china is a headwind, record highs across all major benchmarks of the u.s. for his china much of a headwind from your perspective?? >> there always be geopolitical concerns but markets have a funny way of adding blinders on and focusing on what is most important, fundamentals as well as monetary policy in these challenging times and unique times. i think there's a calculus that has gone on that has said yes, there are number of risks out there but we will keep investing and we are going to continue to enjoy the earnings growth we have seen. caroline: talking of earnings growth, everyone waiting on bated breath on what sort of growth and video posts after the bell tomorrow. there is a market move on the back of reporting coming from o

. >> reporter: in the town of sheppard, flash flooding swallowed up this road and this 18-year-old thated to test the water. but luckily the driver made out to safety. in conroe, more than 10 inches of rain has fallen in the last five days. >> water went from my windowsill to about 4 inches below in my backyard, so it was just collecting come i don't how the fences held it. >> reporter: all that rain has pushed the nearby san jacinto river 20 feet above the flood stage, and it could be a long weekend for these folks because there is more rain in the forecast. margaret? >> margaret: well. omar, just incredible stories. thank you. witness testimony in president trump's criminal trial in new york. a once-trusted member of trump's inner circle took the stand. trump faces 3 34 counts of falsifying business records be up and robert costa is at the manhattan courthouse. >> reporter: hope hicks, the former presidents longtime aide and confidant took the stand today, telling prosecutors she hadn't spoken to trump in two years. sitting 10 feet from him, hicks said, i'm really nervous. >> i was ve

mike sheppard in washington. incredible reporting. it seems after years, more focus on china. mike: certainly. the team did a terrific job going after this to try and figure out in what manner this decision would take place. it's shaping up in those three areas you outlined. this will be the most significant move biden has made since taking office with respect to china. it's consequential. it affects the tariffs donald trump announced in '18. caroline: therefore are we expecting back and forth, bracing ourselves, that if this comes, this targets solar, dvds and metals, are we going to have more tit-for-tat? mike: china responded this morning with a verbal volley, objecting to this call, with the emergence of news about export controls aimed against huawei, that they saw this as coercion. the response was swift from the chinese government. they are concerned. the retaliation may not come in areas directly aligned with policy we are seeing and expect next week. senator grassley is indicating we may see a retaliation in agricultural products, trying to hit america where it hurts,

hey, all just overwhelming votes of the you and to all of the thousands of victims of the 1995, sheppard needs of genocide with an annual commitment ration. we have a pm monday. we have a pm from 100. these are the people who make this decision can use president, balance districts will bring civilities, a hazy, secure take, and trade a top of the agenda when routes as state visit to the united states. the in depth analysis of the days headlines. if that was a rough or offensive, where would the people go? people have no place to go. each one of 1000 people has to be displaced at least 2 times frank assessments. this is a mass and blow to free speech. and freedom of the press informed opinions you can be somebody, this is on one of the hostages, october 7th, and return. and i want to stop inside story on out to 0 on counting the cost for us escalates trade war with china. but does it have the upper hand g of a sugar industry is in crisis, all the pots of its full spring economy could also be effective. plus the moving shortage in critical minerals needed for the energy transition. countin

joining us as mike sheppard out of d.c..ove these investigations because of the paper trail and this was a juicy one to get details on. mike: it provides another window specifically into the battle of the biggest tech companies from artificial intelligence. this is an emerging area for them. a potentially lucrative one. we saw that showing up cloud revenue and ai services where they want to maintain an edge. it's also an area of focus for regulators and prosecutors here. it happened to be mentioned in this case against google. this is where microsoft internal email emerged. caroline: interesting it was news organizations that pushed for this document in its redacted form to be published. we have thursday friday upon us. then the closing remarks of this overall doj case against alphabet. daniel: -- mike: my colleague will be covering that closely to see how this will end up. we won't have a ruling right away in the case until the summer time. this is one that we are watching closely because it is part of a series of moves by

ed: bloomberg's mike sheppard out of d.c.are going to sit down with the cfo of coinbase to break down the company's quarterly results. from san francisco, and in a moment new york city, this is "bloomberg technology." ♪ before i started playing basketball, i was kind of quiet. i wasn't really that confident or outgoing. but now, with basketball, i feel like a leader. yo, cayden! sport for good means to me that i'll be able to give back to my family and my community. goals can be accomplished, dreams can be accomplished, but dreams are just dreams if you don't go out and try to achieve them. learn more about sport for good at laureususa.com. ed: welcome back to "bloomberg technology." ed ludlow here in san francisco. let's greet -- let's recap the markets quickly. jobs data, slowing down in april in terms of hiring, and the market is reacting, saying maybe the fed will cut rates in september. that has boosted equities, and in particular we are seeing technology to perform the broader market. i'm looking at nvidia moving higher

stephanie sheppard served nine years for conspiracy to distribute. >> what does this mean for incarcerationcloser to lowering those rates and also, releasing those who are serving heinous sentences for cannabis. >> reporter: public opinion has shifted dramatically in the last 20 years, from 34% of americans who believe marijuana should be legal to 70%. nearly half of states have legalized marijuana for recreational use. but, tonight, one opposition group says the cannabis industry has lobbied heavily to sell the monstrously harmful products and called out the biden administration for a thinly veiled attempt to risk averse polling trends. president biden has already pardoned thousands of marijuana offenders and the move could garner political support this year among young and black voters. the proposed change still has to go through a public comment period and would not become official for at least 60 days. >> we should note that cannabis stocks are surging in the wake of this big news. so, who said that president biden is not pro-business? on that note, i wish you all a very good night. mak

deputy commissioner tarik sheppard has gotten in on the baseless fear mongering as well.ting, bike chains, literally bike chains sold at a discount by columbia university as some kind of sinister weapon that's been brought in by outsiders. if you want to talk about sinister weapons inflicting mass destruction on a campus, what about the 300 plus mines used to blow up isra university? you cannot claim to be worried about violence at universities, about sorption's to students' education, about safety on college campuses and ignore what is taking place in gaza. you cannot be more concerned about the act of students protesting than you are with the very issues they are protesting against, and what described as a genocide.joining me now to discuss this and more, correspondent for the nation and author of that piece i just shared a few minutes ago, also with us, adjunct assistant professor in the department of political sciences, new york. she was among those arrested at an encampment on new york campus. rate to have you with us. you are looking at these protests and how they h

we will talk to the nypd deputy commissioner sheppard who took part in that red. they discovered. how we are on top of that and this pair former president trump in court for day ten. if he comes out to speak we will take you there are live. welcome everyone i'm neil cavuto happy to have you and wants a busy newsday. keeping track of these protests takes some time. by my math, we at about six everyday and we are up to about more than 40 across the country as we speak. let's get right to it with kristina kucova ning at ucla. it's not as scary right now was still a worry. christina. >> hello neil. yes still a worry indeed people are hoping the protest stops here. it was just chaotic here early this morning and it is still a mess you can see a massive clean up effort underway to clear out the debris. tens of thousands of dollars worth of stuff some of it junk i might add with -- here after the encampment was cleared out in the centre of this beautiful university this is what students have been having to deal with peer look at this video from early this morning. the po

and she also passed lobbied congress to pass the sheppard towner act, which was the nation's first program to to prevent maternal and child mortality by funding health clinics. and she also pushed for what was called the keating own child labor act, which would have banned the interstate shipment of goods produced by child labor and the constitutionality of that law was challenged in hamer versus dag and hart, which we will study next week. so yeah, these women played an important role over multiple decades of the early 20th century. okay, so. beyond the if you want to sort of like organize, study and going forward, beyond the standard, okay, do i understand who did what to whom, what the facts were, what the issue was, that sort of thing? here are some things to to to take a look at. it might also make for some good discussion for the last 20 minutes class. so one thing you should focus on contrast how the court views women workers in mueller and atkins against the bakers in lochner versus new york. and then i think it's really important is as strange as some of justice sutherlands argume

coming up, bloomberg's michael sheppard on the race to fund ship production and higher tariffs in chinado not miss our conversation, and reordered with janet yellen -- annmarie hordern coming up with janet yellen. annmarie: cocky about some of the themes terry just mentioned -- talking about some of the themes terry just mentioned. lisa: from washington, d.c., from new york, from paris, this is bloomberg surveillance. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. lisa: this is "bloomberg surveillance" into a fourth week of gains. we are in washington, d.c.. jon ferro will be with