stephanie: do you want to respond to the point of the flipside of the flatter phillips curve? mr. powell: i guess i would just briefly say that if we think inflation is held in place by strong inflation expectations and we have seen use of inflation below that, the principal risk reward is the pressure on inflation expectations, that they might go downward, which would be really bad event at a time when interest rates are going to be low, which would mean even less room for policy to respond. that is something we've been worried about, not moving inflation up, but just worried that we lose expectations. i think if you get to a place -- we're getting close to the on-target inflation, we are well aware that if the expectations yes,to move above 2%, then but that project -- we have not releasing inflation expectations -- really see inflation expectations get up to 2% yet. stephanie: do you see any advantage to having -- if you have had to prolonged period -- on this expectations question? mr. powell: that is not the design the approach we said we would be concerned if inflation were

lemonis: and the business will do how much in sales this year? stephanie are shooting to do $6 million. -lemonis: last year, how much? -nicolas: $5 million. lemonis: and so there's some substance to that number. and how about margins? nicolas: 50%. lemonis: okay. stephanie: last year, we lost. nicolas: we lost a lot of money last year. -lemonis: how much? -stephanie: a half million. lemonis: okay. industry average of margin on clothing is about 70%. in 2013, courage. b had margins of 50%. they do over $5 million a year in sales. if we can just get courage. b's margins to increase by 20%, that's $1 million in gross profit. courage. b would go fromloss of $500,000 to a profit of $500,000. all of the seven locations are cash-flow positive? -nicolas: correct. -stephanie: no. nicolas: we did the numbers yesterday, stephanie. stephanie: fopp's is losing money. nicolas, that's -- it's losing money. nicolas: okay. lemonis: what did the "fopp" stand for? stephanie: a fopp is a very elegantly dressed woman. -nicolas: yeah. -lemonis: a minute ago, i thought that cour

stephanie dos.e lesther lenin. y quÉ orgullo cÓmo se siente uno tan grande, tan inmenso. stephanie: a los 12 aÑos su madre tuvo que ser intervenida por un tumor. >> iba a someterse a una operaciÓn. yo le digo, si sales viva de esa operaciÓn, yo te servirÉ toda mi vida. stephanie: esa promesa le cambiÓ la vida. el estar le dedicÓ gran-- lester dedicÓ gran parte de su vida a ayudar a los necesitados. >> estaba pintando, poniÉndole el techo llevando vÍveres para los ancianos. lester: cuando sÉ que hay un sector con necesidad, siempre pienso como llegar ahÍ y ayudar. stephanie: por eso cuando el gobierno reformÓ la ley de seguridad social en abril, lester se une a los amigos de la universidad para protestar a favor de los envejecientes. >> yo lo que hice fue introducirme en el calcetÍn mi identificaciÓn es de otro lado un billete de c$100, mi celular quedÓ en la casa . todo . ya no sabÍa que era una manifestaciÓn violenta. stephanie dos. todos los estudiantes llegan a un juntos a la protesta, pero rÁpid

emily: stephany, do you think this violates the ftc consent decree? is facebook going to face a fine? tom: -- stefanie: i think probably they violated the consent decree many different ways, first with the cambridge analytica developments and now this. the ftc hasfine handed out today is $100 million, so if they wanted to make waves, they could do a record-setting fine, say $5 billion on facebook, are rounding error to a company that had $40 billion cash on hand in 2017. regulatory action th meaningful to regulators and i do agree there is reputational risk at stake. when i talked to investors, it is -- who cares? emily: exactly. tom, $5 billion for a company the size of facebook, no big. tom: not a big deal, exactly. the question is, is e a viable alternative? if you leave facebook, where do you go? ,we talked about before people are going to instagram. guess who owns facebook? and twitter does not serve the same social purpose as facebook. emily: let's talk about alternatives, stefanie. we have for years talked about whether teens are as attracted t

do you make of that? >> you know, this guy thinks he's too clever by half, stephanie. he thought he could get by. he makes his threats veiled. he seems he's very clever. even when he talked to his original victim, "you can't do anything to me," that goes hand-in-hand with maybe him trying to destroy his fingerprints, and he might have thought he could have escaped this killing. he didn't come with, you know, bandeleros of ammunition and stuff. he had some smoke grenades and the shotgun. a pump shotgun might carry seven rounds. he had to reload. i think there's a possibility here this guy thought he could do this, escape. but he didn't plan on anne arundil county being so fast. he's not going to like jail. he's an obsessive guy. he's mad all the time. he's obstinate at everybody. this is a guy who has conflicts in his life and collects grudges. he collects them, he saves them and he boils them. this is a guy who can be seen by police and mental health professionals. we just have to look. and we have to do even minimal security on every business. because every business, every place of work, school,

stephanie, do you have anything to add? >> thank you for having me and thank you all for being here. as you mentioned we defend religious liberty for people from agency. i can't tell you how glad we were when we got that case. before then i did n it did not have the same ring to it. i think it's fair to generalize that this is a test case. this is a case where there are deep feelings and hurt feelings an important interest going on and i think that's why sometimes it can be difficult to talk about and i'm so grateful for the constitution center for having this important dialogue. jack, like many business owners made a decision about what sort of message or event he wanted to support talk about the facts more but i think it's important to step back and think about the ways in which, in our society business owners and individuals make these ntly there was a gayme. coffee shop owner in seattle that asked christian individuals to leave the premises when they had advocated for pro-life principles that he disagreed with. not too

more, stephanie, how do you wrap up 30 years, but we're trying. thank you for asking. >> thank you so much. that wraps up this hour. >>> i am hallie jackson in washington. 30 miles east of us, journalists at the capital gazette put out a paper, dead colleagues on the front page. five families waking up without the person they love. we are learning more about those people, who they are, what they loved. the man suspected of killing them appears in court in 30 minutes. we'll have the latest on the investigation, a motive, what it was like inside the news room when the shooting started. >>> we are also in court in virginia on one of the most consequential hearings for paul manafort. he is trying again to get charges thrown out. his lawyers are also asking a judge to throw out some evidence. so does he have a shot? we're getting an update in moments. >>> as political pressure ramps up, republicans tear into two of the nation's leading law enforcement officials, telling rod rosenstein to wrap it up. we have the fact check and swamp watch later in the s

to do this quickly costs more. $775 per person per night. if they kept them with their families, stephaniet would be $298 per night per person. >> do we have any transparency into these contracts and contractors? because i think back to puerto rico when we saw those massive expensive contracts be given out at a time of need because there was no checks and balance. who's checking on who the contractors are, these private prisons and okaying it? >> there's not a lot of transparency. of course, we do what we can with public records. some of these contractors will emerge. it's hard to get them now at this early phase. from what i understand from government contracting, when the government is desperate to build some they lose a lot of their bargaining power because they have to bring in whoever is there to do it immediately and whoever is there and has the capacity, they basically get to start naming the price. and there's not a lot of competition that you would normally see over an extended bargaining period to try to get a government contract. >> and they're desperate because it's the zero to

therefore, we are demonstrating, yes, we will do what we need to do to get projects we properly approved, built. stephaniee demonstrating that the public sector could do that, but you are sending a message that a private sector investors should not expected this kind of infrastructure deal -- private sector investor should not expect this kind of infrastructure deal done in canada. p.m. trudeau: we have also seen a number of pipelines built over the past years, a number of large energy projects built, that did not need extraordinary intervention. this happened because one province decided to directly contest the federal government's authority to regulate and allow construction of inter-provincial works. this has been a long-standing element of canada's federation of our system of rules. the exceptional circumstances of a government going against the federal government's authority required us to take this exceptional step to demonstrate that when we approve a project, we are going to move forward with it. stephanie: if this comes up again because you do get these kind of conflicts on big, important infrast

therefore, we are demonstrating, yes, we will do what we need to do to get projects we properly approved built. stephanieare demonstrating that the public sector could do that, but you are sending a message that a private sector investor should not expect this kind of infrastructure deal done in canada. p.m. trudeau: but we have also seen a number of pipelines built over the past years, a number of large energy projects built that did not need extraordinary intervention. this happened because one province decided to directly contest the federal government's authority to regulate and allow construction of inter-provincial works. this has been a long-standing element of canada's federation of our system of rules. the exceptional circumstances of a government going against the federal government's authority required us to take this exceptional step to demonstrate that when we approve a project, we are going to move forward with it. stephanie: if this comes up again, because you do get these kind of conflicts on big, important infrastructure projects, you are willing to nationalize again? p.m. trudeau: we wi

doing a great job within the walls of the epa. we're setting records. outside he's being attacked viciously by the press. i'm not saying he's blameless but we'll see what happens. >> stephanieou start with scott pruitt? >> these are not things that the left is creating. these are self-induced issues. we're not sending staff to the ritz carlton to find moisturizer. hee is. we're not trying to get his wife a job at clihick-fil-a. h he is. it makes him look like he's weird. he's weird and cheap trying to find a used mattress at the trump hotel. this paints a picture of a guy who doesn't understand the rules of accountability. we would rather be talking about what he's actually doing at the epa. just recently he rolled back standards to check the tox zici in our drink water. these are dangerous chemicals that pollute our drinking water, put our children's health at risk. that's a more important conversation to be having. these are self-inflicted wounds. the guy has more ethics investigations against him than any cabinet in history. he's got to go but the reason he's sticking around is because he's pursuing those policies that i just laid out. that's what trump wants him to do.

doing? >> yes, stephanie. this really is an incredible story. important to say despite what we heard from the president this morn, the charges at this point do not involve the mishandling of classified information. wolf, as you said, the veteran, three decades as the director of security for the senate intelligence committee, is charged with allegedly making false states to the fbi as part of this investigation into the mishandling of classified information. he's alleged to have lied not only about the fact he may have given information to reporters but he was in contact with reporters at all. according to an 11-page indictment that was posted late last night, we know that the justice department launched this investigation into unauthorized leaks of classified information at some point in 2017. it was in october that they first approached mr. wolf about him being a target here and then in december, they interviewed mr. wolf. it was a voluntary interview. it was at that point that he's alleged to have made these multiple false statements to specia

this. >> stephanie: i thought you're not supposed to doas. >> anthony: yeah, so happy. one of my favorite dishes in the world, anywhere, mapo doufu. yes, a tofu dish, stippled heavily with pork and a burny numbing nine and a half week style exercise in sadomasochism that will start you thinking some deeply disturng thoughts. do you know mapo doufu, is it because it looks like spotted grandmother or did spotted pot marked grandmother create the dish. >> peter: both. >> anthony: both. >> peter: yes. >> anthony: all right. >> stephanie: my mouth's a little on fire right now, i think the rice came at the right time. >> peter: yes. sounds like we are suffering but actually it's delicious. yeah, anthony, try some of this, my favorite. >> anthony: the specialty of the house fish hot pot. >> stephanie: all right, here goes. i scooped out some innards. >> peter: you're going for the best piece huh? >> anthony: it burns so good. i can pretty much eat this every day. it senses and automatically adjusts on both sides, for effortless comfort. don't mis

stephanie, what more do we know about this report. >> lawrence, the fact that we're even calling these detention centers "tender age centers" this is stunning. you and i came down here to look at this migrant crisis and when you're in these parts, it feels more like a migrant issue, we need to address the border. but what's happening? to create these centers for babies, for toddlers, for kids under the age of five, this is not about politics, this is not about policy, lawrence, it's about humanity. president trump likes to call himself a patriot. to be a patriot is someone who vigorously fighting and defends their country. this happening right now, if you're a patriot you need to stand up and fight for the name of america because american values and exceptionalism, we are the luckiest that we're born in the land of the free and the home of the brave and we take asylum seekers -- think about those moms. lawrence, you're a parent and so am i, i have a five-year-old daughter at home and when i left yesterday i thought, man i'm not going to see her for two days. think about those moms who

they can't even do, stephanie, what they say they want to do.an't set up family detention centers. that's the law. and until they change the law, we're going to keep seeing this and the pipeline of children will continue. it's not over. there's been no reversal by the president. it's continuing. >> well, governor, we're going to keep asking them why, why, and why. i appreciate you joining me this morning. thank you so much. ethically, economically, i just can't seem to figure out why this is happening. and to brendan greely's point, if it's political theater seems like a horror movie except it's real life. you now how we like tend to the show. there is always good news somewhere and we believe this, good news ruhles and we must spread it. the town of still water, oklahoma, has made this dream come true. they threw her a parade for her birthday. she lived in this fun to for 100 years. this was her 107th birthday, a great way to celebrate. her community led with kindness and love. you want to talk about america first, that's a great american and t

stephanie: 'cause you see what they do. if you sat here for a day and you watched, they've helped me realize how bad my drug using was. bigad: where do you think you'd be without this place? stephanie: without them, i'd be dead 100%, and i know that for a fact. bigad: how long have you been homeless? tiffany: going on eight years. bigad: tiffany folstitch isn't sure how much longer she can survive this life on the streets and on heroin. tiffany: i've been out here for so long that, like, it would take literally like a crumb to make me feel like, you know, i was worth something, you know? bigad: san francisco's first supervised injection sites would be funded with private donations. but the health department plans to use tax dollars to open several more within a year. state legislation has been proposed to legalize these centers, but the drug enforcement administration tells us under federal law, it would still be a crime for anyone to use the sites or even work inside. for now, that doesn't seem to be a sticking point for s

stephanie: and how do you think it is going to affect the summit if the u.s.ust slapped tariffs on canadian steel? friday is the deadline for that. mr. trudeau: well, i think taking a step back and what the actual summit is focused on, the g7 is fundamentally a gathering of the world's most advanced economies to talk about the economic challenges that we have in common. and there is one big economic challenge that is shared right across not just the g7 but much retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. scarlet: welcome back to "bloomberg best." i'm scarlet fu. let's revisit some of the week's more interesting interviews on bloomberg television, starting with tom mackenzie's ex

what are you doing and how do you replicate this across the country? >> well, stephanie, look, we've reduced the taxes in the state. we don't tax small business with income taxes. we balance our budgets. it's not easy to do. you can see in washington where they're up to $21 trillion in debt and growing a trillion a year. you got to be able to be strong and tough and say no, priorities, we have to stick to them, we can't go in the hole. the good news about it is we -- in the process of doing that we made sure we had priorities that are not always as usual for people who were in power. which is make sure you take care of those who are disabled, minority community. so it's been a really nice thing. we're up 500,000 jobs. so it's been a remarkable turnaround. so it's to do the things that you need to do but to make sure that the prosperity can affect everybody across the board. and so we got to keep, you know, we just have to keep working at this. but it's exciting because, stephanie, when people have work, it helps their families, it helps them. we think about opoid crisis,

stephanie: and how do you think it is going to affect the summit if the u.s.ust slapped tariffs on canadian steel? friday is the deadline for that. mr. trudeau: well, i think taking a step back and what the actual summit is focused on, the g7 is fundamentally a gathering of the world's most advanced economies to talk about the economic challenges that we have in common. and there is one big economic challenge that is shared right across not just the g7 but much of the developed world, and that is, how do you reassure people that all the changes we are going through in our workplaces, from automation to ai to greater trade deals to globalization in general, how are these factors going to ensure that the growth we create is fairly shared by everyone? stephanie: in the next few days, you have to make some real headway with the americans to have a deal, to have a prospect of a renegotiation this year. are there things you're willing to give up as part of the conversation? mr. trudeau: as i've said many times, i'm not going to negotiate in public in terms of how we

>> we haven't decided what we're going to do, stephanie, but i couldn't agree with your comments more. it's the hypocrisy of this president as it relates to women and to -- it's really astounding. to have rudy giuliani criticize my client for how she looks and what she has done for a living. and basically tie that to her credibility and claim that she's not due respect is ridiculous. especially when you look at -- and i want to be really clear with what i'm about to say. the first lady of the united states, when she came to the united states, she engaged in modeling. some of those pictures show her ska scantily clad. they're beautiful photographs, by wait. no one judges her based on those pictures. if anyone were to do that, the white house would be clamoring. they would be demanding an absolute apology and that there be repercussions for that. rightfully so. we're demanding the same. giuliani should be fired immediately. not next hour. not tomorrow. not next week. right now. this cannot be permitted to stand. the last thing i'll say is mr. giuliani talks about daughters. let me tell

do. >> stephanie and i had a conversation with a man who attempted suicide some years ago.succeed and he's now an advocate for dealing with this. he said these high-profile celebrity deaths by suicide that we've seen this week might be an opportunity for parents to talk to their children or people to talk to their loved ones or people to speak to those around them, their tribe, their coworkers about these difficult matters using this as a reason, pointing to celebrities like kate spade or anthony borough tan to say, hey, we haven't had this conversation. >> it is a good time to have a conversation really any time is a good time to have the conversation. it can be painful for some families. it may trigger memories of loved ones they've lost. remember, mental illness is so prevalent in our country. one in five adults, one in five children suffer from mental illness or a substance use disorder. this is something we don't talk about. more than half -- in fact, most of the people who died by suicide in the last decade were never diagnosed with a mental illness. we need to get at

stephanie hare. good morning. what do you make of this latest move on the part of the trump administration?n characterise this as a de—escalation of the brewing trade war between the us and china. president trump abbey option to go for something called aiba which would have been the international emergency economic powers act and that would have allowed him to block acquisitions and use the executive branch of the us government but instead we can see this as a victory for steven mnuchin who wanted this to be channelled through congress. it will be an inter—agency process which will be reviewing any time a company that has a 25% minority stake with a foreign government wanting to acquire a us company. a 25% stake in acquire a us company. a 25% stake in aus acquire a us company. a 25% stake in a us company. it is about reviewing ona a us company. it is about reviewing on a case—by—case basis rather than wholesale blanket blocking. it is much more flexible and targeted and hopefully much more transparent. it is not even just targeted at china but any acquisition. so is it clever on the part of

right now, more news with ali velshi and stephanie ruhle. >> you're doing "meet the press" -- >> yeah. d.c. and then catching the shuttle up to new york and doing it up there. >> wow. >> i want to take sunday off and i'll watch. give that shout-out to frank thorpe for that photo. he's a member of our team in washington who keeps us apprised of the stuff going on today. we appreciate that. hallie, catch you later. i'm ali velshi. >> i'm stephanie ruhle. it's friday, june 29. let's get smarter. >> active shooter. >> this was a targeted attack. on the "capital gazette." he entered the building with a shotgun. and he looked for his victims as he walked in the lower level. >> i just remember the shots. i just remember -- i don't remember if it was before or after the shot john said what the [ bleep ]. >> i heard a pop and i turned and looked over my shoulder toward the front of the entrance. i saw some faces that looked concern. i couldn't see a shooter or anything. i saw that the glass doors that open up into the office were blown out. and then i heard a second pop and we immediately ran

do we even know if they are talking? either back channels we may not have heard of? stephanie: it looks like they are reaching out to china, perhaps to have the chinese vp come to the u.s. and maybe more discussions behind the scenes we do not know about. is an effortthere by one weighing to come to some sort of resolution. francine: sara, what does this mean for the global economy? we understand that with every 50 billion in next to tariffs, there is 0.1 or 0.2 shaved off chinese gdp. does that peak? sarah: it is significance, of course. at the moment, the tariffs we are talking about will have an impact of 1/10 of chinese gdp. the worry is that it does not look like it will end here. china has announced retaliation, the u.s. has announced further retaliatory measures. once that happens, we start to get into significant impacts on their economic activity. imports are banned from the u.s. by china, it will have an impact of one of were 2% of gdp, starts become significant. the other impact is on global sentiment. we can see across the global area, german producers, in particul

pointed at the media but they got excited about it, they decided he was going to go ahead and do that. stephaniekesperson, said today's visit with the children in texas impacted float does greatly. if the media would spend their time on kids instead of her wardrobe we could get so much more accomplished on behalf of the children. why did she do it this. >> this is not speculating on the wardrobe, this is speculating on a message -- >> this is not discussion about her fashion choices. >> there was the issue with the stiletto heels when she went to texas after the hurricane, yes. that was focused on fashion. this is about a message from a first lady who hasn't been seen much in public, there's been a lot of reporting about her and the president being sort of angry about these questions about why she hasn't been out in public. so here she is, she's going down as sort of the emissary of empathy from the white house after days of criticism when the white house and president trump did not seem empathetic to these children. she has her visit, she gets on a plane and has this message that seems to be sa

do it. stephanie just said the statistics that i would have said but let's put it this way.s have figured this out and betsy devos is not only not letting guns be an issue in commission that was set up after the murder of children in schools by guns but she's also not going t the hearing today where you have people like abby clemons who survived the 2012 sandy hook shooting testifying. i would say to betsy is this, maybe she read the new york times today, at least she'll get some indication of what happened, the terror that happened in parkland. if you're so intent ongoing out of town and out of the cnt today to study what switzerland is doing in terms of career tech ed, why don't you study what australia and great britain are doing in terms of gun safety in schools. it's just hypocrite cal and frankly the problem is given this administration, the only thing we can do is actually not have this administration. they don't want to solve it. >> i understand that's your position but this is our current administration. we've got work with who the president is. i know you wrote a l

do so. thank you for coming in, stephanie. it has been great to have you.got time to share your comments with you but i will read tweet some of them. see you very soon. goodbye. quite a weather on the way through the first half of the week but not wall—to—wall sunshine. i hope you made the most of what we saw on sunday as temperatures moved into the mid to upper 20s in sunspot. the day he brings much more cloud and here is why. low pressure to south of us, not so much of a player in oui’ of us, not so much of a player in our weather in the first half of the week. high pressure to the north and around that gentle north north—easterly coming in. but into monday morning we have scooped up a lot of cloud from the north sea so there are some patchy mist and fog as well. it will be a grey and murky start for many of us with temperatures around ten, 14 degrees. there could be some drizzle around with the cloud. some areas seeing early sunny spells and on and off during the day. we start with the thickest cloud, many central and eastern areas that cloud will hold s

do you think it mean for the midterms? >> well, it's really interesting, stephanie. first of all, we knowthe tariffs have been businepissing our allies, to put it mildly. for the koch brothers and their organization with billions at their disposal to come out and oppose president trump and ross and mnuchin on this is interesting. basically, you and i both know, what we generally hear from conservatives or people who are kind of in the middle of the road is they like a lot of trump's policies, the tax plan, the deregulation, the stock market, but they do not, you know, all of a sudden you're actually having a conservative saying, hey, we don't like these tariffs, this is not a good idea. we're going to impose an economic policy of this administration that actually we've kind of liked up to this point. >> what has the white house said about your push? >> they know we disagree with them. we've been very up front with them both privately in conversations at the white house and publicly with the statements. so they're not surprised by this. we want to encourage thi about

do matter. the facts here are really important. in the example that stephanie used about the baker who would not bake a cake that had essentially hate speech on it, this is a baker who is asked to make a cake in the shape of a bible. she agreed. she had no problem with doing that. after she baked the cake, the customer then said i want you to take the icing and write on the cake god hates gays and she said i won't do that. i find that offensive. you can have the icing piping and you can write it if you want but i'm not going to write those words for anyone on that cake. that's a big difference between asking for a cake and asking for somebody to write a hate message on the cake. the issue here isn't whether the government is compelling jack to say anything. in our society, we regul regulate commercial activity. the law at issue just says to people, you can't discriminate amongst your customers when you sell something. it is not telling jack what to say or think. it's letting jack express his religion and we all clearly know what he believes. i believe in the fi

. >> the owner of the red hen says she would do this again. stephanieon told "the washington post," quote. >> the fact that sanders tweeted about all of this from her official white house account, that could be a bigger problem. our senior media correspondent brian stelter joins us now. good morning to you. there are questions about the ethics laws and talk about that in a minute. >> according to "the washington post" the co-owner of the restaurant received a phone call from the chef on friday night. the chef said sarah sanders just sat down here at the restaurant. some of the employees are uncomfortable. what do you want to do? the owner came down and took a few minutes and realized it really was the white house press secretary along with seven or eight other people at a big table and she talked to the staff briefly about what to do. the point here some of the staff members are gay and some of the staff members had very serious concerns about various trump administration policies. they had concerns about what sanders had been defending from the white h

do something what is going on here? these two stories are interacting. stephaniee fox essentially reprising the attempt to buy out the minority although it had effective control. theast came in and bit for whole of sky. disney is saying they want to buy a very large portion in the fox, including the stake in sky. it would be the whole of sky if fox gets it. comcast has said they are going to potentially make an offer for that sin collection of assets -- that same collection of assets. you have a strange situation where comcast is now bidding against itself. complex is a terribly world, the media world. it all seems to be interrelated and at the same time, competitive. what is the importance of these news agencies, as far as the democracy of the u.k. is concerned? i think that is probably the main thing that government agents are discussing. how important is sky to giving information to voters? stephanie: we have a pretty broad provision of music services in the u.k. bbc, and some are provided by the same people. obviously we have international news as well. don't

do you have an idea of how you are going to his lit it -- to split it? stephanie than we expect, that $500 million is not a ceiling. the other part of it comes from our balance sheet, so we can be flexible. you should look at the $500 million as a starting point and not as an ending point. alix: what kind of backing are you expecting to get? stephanie: we expect to raise money with like-minded investors. we expect high net worth investors, pension funds, our institutional clients to also be a part of this. alix: are you worried about not having enough opportunity? stephanie: we could have said we are going to raise more capital than that because we do think there is greater demand than the amount we put out there, but we want to start and make sure we do a good job and the reason why we are seating managers is to build that pipeline. david: how many opportunities to do you discover through the 10,000 women program? a lot of female entrepreneurs. did you find prospects there? stephanie: i'm so glad you raised it. 10,000 women is the background behind this. it gives

on the democratic side, josh gottheimer, stephanie murphy in florida, and tom o'halloran in arizona. do those members of that problem solvers caucus see their benefit being a member? i am trying to work for bipartisan efforts on capitol hill. guest: absolutely. they are not running from their membership in the problem solvers caucus. quite the opposite. they go into their local districts, town halls, this is what people want to hear. most people if you read the headlines on any given day, it is nothing but fighting and dysfunction. to have a member come back and say i am part of this group that is trying to get to yes while everyone else is stuck on no. this is something people really welcome. one of those members, you'd -- he did something notable. he is the key driver on immigration. a lot of people have been reading about. well we were -- why we find this promising, a discharge petition is the rank-and-file rising up against the leadership and saying you are refusing to give us consideration of any kind of legislation on the floor, so we will try to force your hand. what we are start

do they have. >> well, stephanie, we've been talking about the american worker. we talk about agriculture. in america, that's a high-productivity product. it doesn't take lot of workers to r gs or grow soybeans. machining is anndusy tha w chill actually export in the u.s. we actually still have a lot of jobs that we produce. china is going about that with exports. what we're talk about is steel, what we're not talki about the jobs that china -- not the one it went after for the last 15 years. but the one they're going after for the next ten years. >> we're saying, oh, my gosh, people are going to lose their business, their jobs. at the same time, the white house is touting the economy hasn't been strg -- think sarah sanders since 1992. >> i think as strong as the tech boom 3.8, that's fantastic. there are areas i have given the administration credit. let's remember the top of the tech boom was thenceeded b the deepecone right after that. >> but one of the ways they're doing this, is sort of using -- i'm notg funny math but they're cherry picking t numbers they want to use. alking gdp, w ha

to make the better best guess we have been to simply assume as some do, that the natural rate, neutral real constant. stephaniee of the biggest risk our biggest priority is avoiding the next downturn. most downturns, historically have happened from a policy error. do you think that is more likely this time or if the trade war starting to give you concern? larry: trade war is not likely to be large enough that it is direct effects damaging the economy. it is profoundly. it's psychological effect increases uncertainty could be very serious. we're certainly getting later in a cycle of escalation. we still have a long way to go before this is some kind of full-fledged trade war and sends the global economy into recession. we have moved down the escort escalatory step. we are now, how does that compare with how far you thought he might go? larry: he has fallen short of even my low expectations. that hes the defense should be taken seriously, but not literally. increasing evidence both in his acts of, i use this word carefully, hate toward disadvantaged groups in the united states, turning us into a country that imp

doing. he went there and said we need to let russia back in to the g-7 to make it g-8. stephanie -- >> and no one asked him about that. no one asked him about russia. he voluntarily brought that. >> on his own, just out of the clear blue. stephanie, you are not colluding with msnbc. you work for msnbc. do you understand what i'm saying? >> i do. >> he works for putin. and instead of looking for collusion, we need to look for a w-2. >> you think they're paying taxes in this relationship? yeah, no. wow. we're going to leave this segment there then. up next, robert de niro, he curses out president trump to a standing ovation at last night's ton tonys. the audience liked it. will america? are outbursts like that from trump critics simply emboldening trump supporters? and the moment from last night that should be getting the most attention. marjory stoneman douglas students on stage to perform "seasons of love" from the musical "rent." ♪ for the story ner ends ♪ let's celebrate forever ♪ and the life of friends ♪ you got to remember love i'm ray and i quit smoking with chantix. in the

this is stephanie's phone. i'm not going to docause i'd get kicked aufd t eed off t maybe worse things. i could do it, but i won't, because i don't want to. now, i've told you that i'm not going to do this. then i'd get in trouble. >> but you're able to. if you so wanted to, you could do it. >> right. the net result is, you're probably going to want to take your phone back from me. >> you're right, i am. i don't want you to do that. >> that nonsense is the same -- i could do it, but i won't -- that the president and his lawyers keep using about pardons. here the rudy giulia here is rudy giuliani on sunday. >> he has no intention of pardonipardon ing himself, but not saying he couldn't. it would be answered by, that's what the constitution says. if you want to change it, change it. the president of the united states, pardoning himself would just be unthinkable. and it would lead to probably an immediate impeachment. >> okay. don't worry. won't happen. >> could happen. has a right for it to happen, but it won't happen. >> if that wa

doing this? >> it doesn't necessarily signal, stephanie, he's cooperating. the reason it's getting so much attention, it is true that many defendants when they decide to cooperate do change lawyers because they often are looking for lawyers with a history of cutting deals. potentially lawyers with a relationship with the prosecutors. they would want lawyers who maybe worked in that office who have a good relationship to cut a deal with those folks. but look, i spoke to a friend of michael cohen's yesterday who said it's very premature to suggest he's decided to cooperate. that friend did, though, say he was considering it, and he said, look, nobody is going to do 20 years for somebody else. if he decides he's facing serious legal jeopardy, he is going to flip. this could be essentially a way for cohen to put pressure on donald trump. because the trump campaign has been paying large sums of money to cohen's lawyers and it's been reported that part of this dispute with cohen's existing lawyers is the dispute over legal fees. cohen is facing enormous bills relat

now actually gone near the border to one of these centers what is she doing there exactly what we're told by her spokeswoman stephanie grisham that in fact she planned this trip on tuesday even before the president signed this executive order but that she did go with his blessing she said when she tweeted and in a statement a couple of days ago that she believes that this administration should govern with heart she's certainly not afraid to state her opinions even if it may at times come very close to competing or coming at odds with the positions of her husband the white house says she still believes that law and order needs to be enforced upon the border but as the president said moments ago and it's he said when he signed that executive order he didn't like the pictures he was seeing she doesn't like the picture she's seeing and she wants to work to see how she can help with the unit reunification process that she believes began before this administration certainly it has been exasperated them with the recent policy that now has had a rare retreat so she is down all along the border in texas she's visiting two dif

we've never seen any other president or administration official do anything like it. >> stephanie, yes, you're right on all those fronts. the reason why this was a big deal is because it is unprecedented but not surprising the president likes to tweet, and he has since the beginning, since the campaign trail. what was interesting about this particular one right here was it was hinting at a move in the jobs market that could be considered largely impactful, and huge ripple affects out there. on our air, i call the nonfarm payroll report the grand daddy of all economic reports because of the market ram my faificatio. we didn't see a large market move. if you look at why the market has shaken it off, it may be because they understand that the real data comes out of a person point, and other people are positioned for that release at 8:30 eastern time. it doesn't mean at some other point, one tweet could have a serious market moving effect. >> and stephanie, let me comment about that. i agree with everything he said, and certainly other commentary in this spirit. i'll tell you what worries

do. guy: great to see you this morning. stephaniesociate professor of political science at the london school of economics. coming up, we will speak exclusively with sergio ermotti. that confirmation asian -- conservation coming to us in 10 minutes time. you thewanted to bring pmi numbers that we are getting our france right now. is -- 54.3 is the service is number and the estimate. number,s the composite 54.2, just missing the estimate 54.5, but decent pmi numbers. guy: iag under a little pressure. the ceo of the consolidated group is talking about fuel prices, saying they are having an impact. he is talking about them being a challenge for 2019. he says the business has largely hedged out at around 20%. french atc strikes are definitely costing the business tens of miions. in terms of the numbers they are watching at the moment. basically, you have to reroute aircrafts around the affected areas. you basically have to route some of these flights in long divergence to get around some of these atc strikes. that is coming out at the mom

do it next week. >> thank you. >> supervisor stephanie. >> i just want to say two days ago i had the opportunity to visit one of the officers that was injured on duty. i just hope that he is doing well and i want to thank him and all the men and women of the police force who actually are out there putting themselves in danger for our public safety. with that, i wanted to just ask you, in terms of the number in increa in officers that mayor farrell and the department came up with, i'm wondering what methods were actually used to identify these needs. i know that a lot of thought went into it and i think now with this performance audit, if that, whatever came out of the performance audit if you can go back and put that into the methods that you use to come up with, and the numbers but if you can just give us an idea of what you went through because i know it was extensive to come up with exactly how many officers you thought would be necessary for to get to the number we need to get to. >> first of all, some of the base of our operation is our sector cars, our sector patrol. those are the officers tha

do it. >> be judicious. stephanie, also definitely stuff in this report that is critical and that the fbi has to take a hard look at, including the stuff that clint just talked about. it's definitely not the gift basket that donald trump has been hoping for or that back up his argument that there is institutional bias in the fbi against him and against his campaign. >> that's right. i mean, at the end of the day, the big takeaway here is that the i.g. did not find evidence of any kind of institutional bias for or against any candidate in the 2016 election. like you said, i mean, there are obviously some unflattering thing as part of the ig report but the director of the fbi will take those very, very seriously. we anticipate a press release -- or a press conference from him later on this afternoon i know where he will be making a statement. but the fbi takes the ig's report and any work done relative to any kind of personnel performance matter very seriously and they will be reviewing it thoroughly for any action. >>

great do see both of you. so, laren, stephanie grish a.m., the first lady's spokesperson said this.e was no hidden message, and she shared the #it's just a jacket. is it? >> i think it is just a jacket and a big mistake at that. you know, one thing we have to think about is melania trump has made these miss steps before both fashion related like the ci sti lett os in texas and plagiarism. not only have these mistakes become typical. they're really common and they're reflective of an unprofessionalized east wing. that's what happens when you under estimate the influence and the importance of this role. >> karen, there are a lot of people saying there's no way this just happened to happen. this is somebody who is a model, understands the power of clothing. she has presumably seen how other first ladies dress has been scrutinized, as we just heard she presumably earned an early lesson for wearing those expensive stilett os to texas during the flood crisis. why wear this jacket if you want to be intention on what's best for the kids? >> it is inexplicable. starting last weekend with mel

we focus on companies that have more domestically oriented businesses, they would tend to do better. stephaniempanies that have better relationship with u.s. could hold up better in the tensions. shery: morgan harting, thank you for your time today. month after campbell soup promises strategic review, a major player may be interested in the company. we will have the details next. this is bloomberg. ♪ amanda: this is "bloomberg markets. i'm amanda lang in toronto. shery: and i'm shery ahn. campbell's soup may be having a bid to be bought. a tie up is giving shares age-old -- jolt. we are seeing reaction in the markets. is that because this could make sense? there this has been out terry craft believes they have to do something. they need another deal. we are starting to see names to go out, general mills, kellogg. you will see rumors about all these. the companies have struggled of it. there was a story in the near post saying it was interested in campbell's. there are some reason why campbell's is a tough acquisition target. there is inside ownership, family control. the family would want to h