but the visitors hit back stephanie china finding fellow swiss ruben vargas for the equaliser the 2 recent arrivals showing a great understanding. braman though continue to fret and josh argent showed she put skill to put them back in front on 21 minutes the 19 year old american is already making a name for himself in northern germany. he got back to the house when luke china picked up a 2nd booking and was sent off just after the half hour mark. but instead of falling apart out regroup for the 2nd half. and vargas got his and his side 2nd right after the restart. game on. brennan's extra man began to tell whether and japan's asako snatched the winner 432167 minutes his 3rd goal of the season the same amount he managed in the whole of the last campaign yikes burger still to get their 1st win but braman are now off the mark. for. so bremen finally get off the mark yannick or they'll be breathing a sigh of relief after losing the 1st 2 games the season yeah 100 percent i think the club and the coach called a bit of criticism of the style this is not a losing the 1st 2 and didn't take too kin

would never put all of our production, all of our eggs in one basket in china we shouldn't be doing that with our medicine >> stephanie, the fact that we rely on china for drugs that americans take and need every day is alarming. what can be done >> the only way to regain control is to move manufacturing back to the u.s. experts tell us private companies aren't going to do that on their own. they need the federal government's help. lester, that means money. >> all right stephanie gosk, thank you much >>> in maryla y. a small plane coming shortly after takeoff and hitting a car. two people in the car suffered minor injuries as did two people aboard the plane the cause of the crash not yet known. >>> there is much more ahead including the man now under arrest in a shocking case of identity theft police say posing as a surgical assistant and stealing from patients >>> also the fbi is now investigating why and how millions of dollars in people's paychecks have vanished from their bank accounts. >>> and the big surprise for the young boy teased after wearing a homemade t-shirt supporting the college he loves stay with us >

worked to open up chinese markets, stephanie was right there, investing, expanding to open up the voracious appetite for lobster. we were doing half our business with china. this place would have been ce rocking and rolling. we had basically a 24-hour operation. >> reporter: but since last supper, stephanie's st sales ha plummeted by half. she'sut hours and workers, the imdect of a t war and china slapping tariffs on arican r. lobs >> july 6, 2018, it all came to a seeching halt. and we didn't really sell any more lobsters to china. >> reporter: she's not alone. the uoverall. lobster industry has seen its exports to china plummet 60% the first half of this year, compared to the same time frame last year before tariffs went into place. and now china has just tacked on tariffs, now totaling 35% on american lobster. you know who's benefitting in this whole trade war between the u.s. and china? canada. >> it's the same product on the northern side of the border as it is here in the state of her maine. and so the opportunity just presented themself to them and they'ralizing on it. >> reporter: canada's lobster business in china has jumped40% this year, and ca

but would help if the demand side of things became clarified once there's a trade deal with china. >> stephanieice or integrated. >> i do the barbell there too. chevron and i also own diamond back energy. i like schlumberger. you saw what stocks did just this week. if you believe like i do the value factor rotation will get legs again maybe starting next week, this group is under owned and it won't take much if you have 55 oil or 65 oil that's good for services >> david the fact we've seen a spread between brent and wti narrow in the last couple of month, does that make some of those infrastructure names, those pipeline names look attractive right now >> i think the pipeline companies might be attractive but i still think we're in a situation where unless the u.s. sustains the growth that it's seen in the last several years we could be overbuild their infrastructure we have a ton more barrels it's sustainable until next year i don't think there's very much call on future infrastructure at this point i look for that market to tighten up a bit more before looking to rotate out of other areas like

the winning candidate will need more than 50 percent of the voters from china's here stephanie decker with more on the candidates who are in the lead so who are these 2 men will criseyde is a constitutional law professor he was unknown really here in tunisia until after the 2011 revolution when he started coming on television shows breaking down the legalities of the constitution because of course there was a new constitution drafted here in 2014 he speaks classical arabic many people here are jokingly calling him a robot because he is so specific and so citing the law when he speaks i spoke to one man who voted for him this morning also king why he said because he's a clean man he's an honest man and he loves his country and we voted for the all the others and look where it got us now the other top runner and of your family he is behind bars he's facing charges of money laundering and tax evasion he's someone who is far more involved in the political establishment here a founding member of the main to his party split with that recently is a media mogul he's used to television channel

stephanie? >> wynn. pretty controversial china is in decline.acau 5% of total revenues and you have to believe it is in the process of bottoming and i do. vip is in the process of bottoming. i don't think it's going to be this month per se but in the next couple of months and slowly accumulating a position here the stock's down 40% from the high trades at 10 times ebitda. so in other words, this thing is battered down and it's a best in class company, good management, great assets, really cheap. >> i guess it's a lot of binary things with wynn and not this year factor but whether they get the license to operate extended. >> sure. >> which by all assumptions will happen unless the u.s./china trade waresque lating. much, much worse it is almost to zero without the license extended but provided that doesn't happen - >> that's binary between now and then you can make a lot of money in the name, number one number two, i think they'll negotiate and not lose 75% of the revenue base and 78% of the ebitda if they lose this contract so i think that the ri

to a screeching halt and we didn't really sell any more lobsters to china >> reporter: now these tariffs are a big problem for stephanie she made such big investments and the other lobster distributors in maine to open up the chinese market and instead what has happened is her lobster sales plummeted. entirely off by 50% since tariffs went into effect she's not alone here u.s. lobster exports are down 60% the first half of 2019 when you compare that to the first half of 2018 before the tariffs were in effect and now the chinese have just really ratcheted up the tariffs another 10% on top of it a 35% september 1st. look, the bottom line is stephanie says i'm the one who was trying to balance the trade imbalance. i was exporting american goods to china, bringing chinese money back to the united states and now i don't sell to china at all. how is that helping the trade imbalance? it's a tough problem for these guys to crack, brian. >> i like it to crack, contessa. the chinese, the middle class is expanding. i can tell you this much, they love lobster it's a lot of the dishes in hong kong and other places. they're clearly

tuesday the winner needs more than 50 percent of the vote many chinas ians think that is unlikely and the expect a runoff in november stephanie decker has more from tunis. so who are these 2 men will criseyde is a constitutional law professor he was unknown really here in tunisia until after the 2011 revolution when he started coming on television shows breaking down the legalities of the constitution because of course there was a new constitution drafted here in 2014 he speaks classical arabic many people here jokingly calling him a robot because he is so specific and so citing the nor when he speaks i spoke to one man who voted for him this morning also king why he said because he is a clean man he's an honest man and he loves this country and we vote. for the all the others and look where it got us now the other top runner in a family he is behind bars he's facing charges of money laundering and tax evasion he's someone who is far more involved in the political establishment here a founding member of the main 2 his party split with that recently is a media mogul he's used to television channels to show him and his chargeab

winning candidate needs more than 50 percent of the vote many china's ians think that's unlikely to happen and expect a runoff in november stephanie decker has more from the capital tunis. half an hour before voting was due to start a small queue had already formed tunisians waiting to have their say on who is going to be their next president. they should have i came here to vote in order to get someone who can get this country out of the crisis the economic crisis the financial crisis we have lots of debts it's very frustrating for me so i'm not fully convinced about any of the candidates because there are so many and i haven't seen them from the beginning it's the 2nd time tunisians are electing their president since the revolution 8 years ago tunisia is often quoted is the only democratic success story to come out of the so-called arab spring the 1st country where its people took to the streets bringing an end to the 23 year rule of president saying. this is democracy in action yes there are many different candidates to choose from but the question is what can they offer the people are they going to offer real change or is the

stephanie link, agree? >> i like it a lot. i do not own it. i have been looking at it for the last couple of weeks. we are hearing china data is getting better in terms of the gaming revenue per day. that's a big piece of this story. it's 70% of their revenues. >> every weekend a short ferry ride away is hong kong and protest demonstrations. >> and you can say that, but the numbers have actually gotten better since the summer time. that's one of the rooechbs w re the analyst likes the stock. free cash flow yield of nine percent. >> i hate disagreeing with stephanie. i will because i don't think you need to assume the risk and this being weaponized with the trade tensions. december 20, they celebrate the anniversary of when portugal handed over to china. you have a new government coming in. you're talking about the big three. las vegas sands, mgm and wynn. they are all not paying the 12% local tax. if this becomes weaponized you have to factor in they are going to pay the additional 12% tax and the expiration of the operating licenses. who knows how long this dispute is going to last if there is a favorable resolution t

outsiders have advanced into the next round of china's ias presidential election a runoff being planned after sunday's vote failed to find an outright winner stephanie decker has more from the capital. after almost 2 days of counting votes it's finally official there will be a presidential runoff almost. went. very strong candidates. completely vanished. the man with the most votes guy saeed profession or of constitutional law and with no political party completely unknown before the 2011 revolution introduced into households izzie appeared on national television decipher in the constitution in classical arabic earning him the nickname robocop his challenger. immediate tycoon and philanthropist who's in prison facing charges of money laundering in tax evasion he's been far more involved in the political elites here recently splitting from the may need to his party and running on his own ticket other potential charges will affect his future remains unclear 45 percent of registered voters came out on sunday to cause their ballot the message a clear rejection of the political parties the dominated politics here since the 2011 revolution society. let's

stephanie: obviously and why we've seen him strike this deal with china because the main headwinds facing. economy is the trade war and he needs a strong u.s. economy going into 2020. i don't think that necessarily means we're guaranteed victory if we're still at strong economic growth but will face pushback because of all these other issues the voters dislike, the chaos, the disruption, the foreign policy, you know, have yourism he's engaged in does make it harder for the democrats to win in the face of a strong economy but have plenty of other things to attack him on. francine: thank you very much. stephanie baker, senior writer and back to hans and others saying there is a 75% recession. coming up we'll speak to the u.k. chancellor at 11:00 a.m. u.k. time and talk about brexit and trade. also coming up, help from an unsuspected source. could huang ari take them out of on the 31st and talking about a victory. we'll talk about that next. this is bloomberg. ♪ ♪ francine: this is "bloomberg surveillance." we're continuing to watch the trade concern and what happens with the u.s. and china.

place between china and the us because beijing is not happy at all about the fact that the us followed through with the increase on tariffs of chinese goods going into the us. dr stephanieump followed through with the tariffs. now there is no clear answer on what the way forward is between the two? and on the weekend we heard that china might not retaliate. there was discussion that they would change tactics. every time the united states has improved tariffs, china has responded in kind. because of the imbalance in the trade deficits, the imbalance in the trade deficits, the united states has a lot more ru nway the united states has a lot more runway and can impose tariffs for far longer than china can because it imports more so eventually china will run out of that is an option and it may have to start flexing other levers. to be fair, the ta riffs other levers. to be fair, the tariffs that were imposed on september the first were a lot less than the original threat from the us and the threat from the us is more will be put on chinese goods towards the end of december. this giving the us consumer time to buy all these things and time for thanksgiving, for christmas, wi

china. max: okay. the pearlized texture tells me there's something more going on than aloe vera and lavender oil. stephaniehat's just me. lemonis: you're inside of my business. and you're criticizing vendors that are on my shelf. if anybody would be creating some fake illusion, it wouldn't be those folks. it would be max. that's what she does best. lemonis: do you guys think there's a lot of opportunity for new products for pet care? stephanie: definitely, because, like you can see, there's just one shampoo for a cat. lemonis: we can create a whole line of products that would be great-smelling and natural. max: um, i would like to have a quiet word. do you mind if we have a quick chat? lemonis: suddenly, max said she had something she wanted to talk about, which i thought was a little bizarre. we can just grab a seat over here. max: my concern is that your focus is solely on best in show and that you're not that interested in murchison-hume because of the low evaluation that you gave it. lemonis: excuse me. did i miss something? did she just tell me that i'm too focused on the best in show brand while i've

stephanie, do you agree >> absolutely. and i was encouraged bip the paxon number out of china, we're at a three-month high. the commodities have actually stabilized there are indications that are telling you things are getting no worse maybe they're not great, but you only need those incremental data points for people to get excited. and when everyone is crowded in the defensives and practically no one owns the cyclicals, it doesn't take much. >> stephanie, to what extent is the tech sector underperforming today because of the political threat, versus the rotation that've you've mentioned already? >> yeah, i actually think that the f.a.a.n.g. stocks are hanging in better than i would have thought this is kind of old news we've been expecting this, and the fines that these companies have seen so far have been really minuscule relative to what their cash flow generation is so i think the f.a.a.n.g.s are probably in a trading range, because you are going to have this overhang. i think software, way crowded at 25, 30 times revenue those are really outstanding multiples. those are got to come back down. and sem

china grew more acrimonious. his wit saw diplomacy at the g7 summit left allies uncertain about america's leader ship. whip saw. so phil rucker, let me get the names, stephanie grik sham and hogan gridley wrote an op ed and campaigned about "the washington post" and wrote to -- the post could have written about the president's effort to ease loan debt for veterans but, oops, i have to stop because i think you guys did, right? didn't you? i think there has been reporting about that. but "the post" could have written about the fist time in history a sitting u.s. president walked across the dmz into north korea. i know you did. what are we talking about? >> you're right, we covered those events in realtime. but let me tell what you ashley and i did, we wanted to take stock of the president's entire summer which had a lot of moments we covered on this broadcast. we started by reaching out to the white house to get their list of accomplishments, what do you think are the high points within included in our piece 26 examples, and fwhoetwe noted se examples. we also quoted from the the white house spokesperson saying this was an historic summer of achievement for th

>> joining us to talk about the market today, stephanie is still here and mike, let's go out to you in terms of catalyst and headlines. a little bit on china kind of a soft day >> kind of a slow moving day an indecisive period what was interesting in the morning we kind of fell to the lows once the ten year bond yield fell then it ticked lower didn't go much lower then we come back on this vague china headline and what happens. ten year goes above 1.7 on that headline that's what the index is doing, outsourcing its worry function to the bond market bond market says worry about a slow down or risk aversion then the stock market can't make any progress at least on an intraday basis. >> are you still bearish for the rest of this year? >> yes, i am i haven't changed my view. i'm sticking to my guns. our narrative has been tale of two hats strong half fold by a weak second half. in terms of the fundamental data it's been tracking globally and now to some extent to the u.s. to our bearish they circumstance more than i would have expected. part of the transmission mechanism to the u.s. is through the yield curve, banks tend to be less willing to

china. but why, then, is the usda paying billions of dollars, billions, to american farmers for trade relief? we'll talk about the effects of the trade war signs of a possible recession with stephanie "morning joe." h stephanie ruhle next on "morning joe. let's get down to business. the business of hard work... ...hustle... ...and high fives. modernized comfort inn's and suites have been refreshed because our business is you. get the lowest price guaranteed on all choice hotels when you book direct at choicehotels.com. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. they're america's biopharmaceutical researchers. pursuing life-changing cures in a country that fosters innovation here, they find breakthroughs... like a way to fight cancer by arming a patient's own t-cells... because it's not just about the next breakthrough... it's all the ones after that. walkabout wednesdays are back! get a sirloin or chicken on the barbie, fries, and a draft beer or coca-cola - all for just $10.99. hurry in! wednesdays are for outback. outback steakhouse. aussie r