>> audience: stephen! stephen! stephen! stephen! stephen. >> stephen: bees! bees! hey, everybody! hey, up there. down here. nice, nice, very nice. delightful. thanks, everybody! thanks, ladies and gentlemen, welcome, one and all, to "the late show." i'm your host, stephen colbert. it is-- ( applause ) ♪ ♪ you know what that is, jon? that is a certified friday audience right there. >> jon: that's right. they're ready. >> stephen: it's electric. it's electric. you can't fake that. it's also day three of what nancy pelosi has called a constitutional crisis, and what we're calling "obstruction junction: our democracy doesn't function." >> jon: oh, yeah, i got you, i got you. >> stephen: every day we'll pump it up a little. this week has been all about trump resisting any congressional oversight. of any kind. he refused to let former white house counsel don mcgahn turn over documents, he claimed executive privilege over the entire mueller report, and his treasury department refused to give up his tax returns. i can hardly wait for his next address to congress. ( as trump ) my fellow am

it is. >> stephen: why? is to help people understand that life is not to be taken seriously. love is serious. kindness is serious. but all this other mishegas is not serious. >> stephen: the way you're supposed to do things-- >> the way you're supposed to do things. >> stephen: proprieties. >> exactly. but being mean is not nice. it's not cool. it's not clever. you all right, babes? and-- so drag reminds people to not take themselves or life too seriously. >> stephen: well, this is a-- here's politics and drag. this is kirstjen gillibrand backstage at a drag club in iowa. >> yay! >> stephen: you can imagine, even 10 years ago, this being a photograph a politician would want to have out there? >> no, i can't imagine that happening. this is-- this is really good. i'm going to say this. you know, gay people pay taxes. drag queens pay taxes. i want a politician who is going to come to my drag club if i'm paying their salary, you know. ( cheers and applause ). >> stephen: sure, sure. >> stephen: well, ru, always

if i wasn't i would be very sad all day. >> stephen, stephen, stephen, news flash-- you can have a new "eye opener" remains. >> you can still make an appearance. >> stephen: i'll watch. there's a chance i'll be on it. how are you establishing the new chemistry? what-- is it-- is it-- are you guys doing trust falls or-- is it like the first day in a new dorm when you're a freshman, pass a bowl of m&ms and take one and tell a story. >> we're doing lay-up drills in the studio together back and forth. >> stephen: oh, alright. can you dunk, anthony mason? >> what do you think? ( laughter ) >> stephen: we'll find out. we'll find out. so how do you establish the new chemistry? you have to do it quickly. you've got 'til monday. gayle, go. >> this is the thing: you can't plan chemistry. you really can't. either you have it or you don't. and we're all feeling each other out in a good way. in a good way. in a good way. >> wait a minute-- >> stephen: i was going to say-- >> but we're not-- no, no, no, but we're not strangers to each other. >> exactly. >> we are not strangers to each other. have we

if i wasn't i would be sad all day. >> stephen, stephen, stephen, news flash-- you can have a new jamn: i'll watch. how are you establishing the new chemistry? is it-- is it-- are you guys doing trust falls or-- is it like the first day in-- a bowl of m&ms and take one. >> we're doing lay-up drills in the studio together back and forth. >> stephen: you can dunk, anthony mason? >> what do you think? >> stephen: we'll find out. so how do you establish the new chemistry? you have to do it monday. gayle, go. >> here's the thing, you can't plan chemistry. you really can't. either you have it or you don't. and we're all feeling each other out in a good way. in a good way. in a good way. >> wait a minute. >> but we're not-- no, no, no, but we're not strangers to each other. >> exactly. >> we are not strangers to each other. have we ever done this together? no, but we're not strgs to each other. anthony and i have worked many times together on the set. and i said today, whenever anthony was going to be there i knew i didn't have to worry because he knows everything. he can talk about politics

>> stephen: fantastic.know why these people are excited, this is my guess, obviously, they're happy to see you. i tell you why, they know we have a very special appearance with mr. conan o'brien coming up in a while. ( cheers and applause ) >> jon: the mighty conan! >> stephen: folks, since trump's taken office, his cabinet has had historic amounts of turnover. historic amounts of turnover? also his favorite breakfast. ( piano riff ) thank you. ( laughter ) now there are rumors that "energy secretary rick perry may be planning on stepping down." ( cheers and applause ) that comes as a shock. it completely shocks me that he is secretary of energy because i forgot. i completely forgot he was in trump's quab net. he's been in there since the begin bug you never hear boo about him. i needed to know why secretary perry has been suspiciously quiet, so i launched an investigation with my long-running series: "stephen colbert's unseen mysteries of the hidden secrets." ( laughter ) ( cheering ) yeah, people love it.

>> 2%. >> stephen: really? >> 10%. >> stephen: bill? >> 98%. >> stephen: that sounds about right. ( laughter ) can i tell you a joke? >> yes. >> stephen: what has two thumbs and obstructed justice? >> uh... >> stephen: this guy! ( laughter ) i really want to get to that salad bar, so let's make this a lightning round. when was the last time you deceived the public? >> this morning. >> stephen: did you get your glasses at warby parker? >> yes. >> stephen: what's the last thing you ate? >> it was my baby. >> stephen: can you name a "star wars" droid? >> 1512-c-2. >> stephen: judges? ( buzzer ) >> stephen: final question, sir. how would you describe your term so far as attorney general? >> mind-bendingly bizarre. >> stephen: well, that is refreshing candor. thank you. chairman graham, that's my time. would you care to describe the attorney general? >> he is a (bleep) idiot. it's "the late show with stephen colbert." don't barr & grill. plus, stephen welcomes mariska hargitay thomas middleditch and musical guests hootie & the blowfish featu

>> stephen: fantastic.rong-- that you are from show biz royalty. >> royalty? i guess you could say it's royalty. my parents were figure skaters. >> stephen: there you go. it's like the circus. >> yes. and then my dad ended up getting the job for the voice of barney. >> stephen: wait? how do you-- how do you just become the voice-- where were you living when he got that? >> i was-- i was originally born in arizona. my parents were both figure skaters. they were coaches. >> stephen: that's all the best ices in the desert. >> best ice for the heat. >> stephen: yup, exactly. >> and my dad was always doing voices with me. he was always doing voices with his students. >> stephen: just for fun? >> just for fun. he was just always dhoog. he loved doing impressions. and one of the students' moms said, "hey, i heard they're doing a nationwide search for the new barney, voice of barney." and he was like, "okay, i guess i'll take a stab at it." and then he just sent in a tape and heard back that he got. and then that's

began with a b. >> jon: i remember. >> stephen: you do? >> jon: yeah. >> stephen: rolling stones? >> jon: that's them. >> stephen: yeah. you know, each news day is like a trip to the zoo. some of the stories are like lions-- big, noteworthy and exciting. but others are like tree frogs-- small, weird and confusing. so, once we're done checking out the marquee animals-- the charismatic megafauna in the monologue-- i like to take a stroll through the amphibian wing and look at the frogs, the salamanders, the japanese fire newts in my segment: "meanwhile!" ( cheers and applause ) "meanwhile!" makes people happy. meanwhile, this week, nasa is pretending an asteroid is on its way to smack the earth. it's a training exercise for the world's scientists and engineers to see whether the events of "armageddon" can be prevented-- specifically, that weird sort of-sex scene where ben affleck plays with animal crackers ( laughter ) that's creepy, ben! ( laughter ) never saw the movie. ( laughter ) meanwhile, in england, scientists find cocaine in shrimps in suffolk rivers. cocaine in the shrimp?

quite honestly, the one that's going to air this sunday. >> stephen: thei yeah. >> stephen: yeah.'t tell you nutin', honey. remember that cereal? ( laughter ) >> stephen: we have a clip from the final episode. can you set it did up in any way? >> yes, i can. i can say this is a meeting of all the potential candidates, and it includes cammie talbot, who is the other woman who is also running. >> stephen: i actually have a cammie -- >> don't you wear that! don't you wear that! >> oh! >> stephen: all right. jim? >> oh, what did i miss? did president meyer find a way to steal the nomination like she stole south carolina? >> stealing south carolina is the bedrock of our political system senator. >> oh, well, there it is, the casual meyer cat 'tude towards criminal enterprise just like her husband. >> exhusband. step-husband. if you can't figure out how to steal south carolina, you have no business being president. >> is that how you feel? right ( arguing ) >> hey, all right! treating this brokered convention like it's a big ( bleep ) college gymnast wh e daddy can show her big ( bleep

>> stephen: yeah, sure.wine. >> stephen: sure. ( laughter ) we both did improv for a long time. >> we did. >> stephen: that can be a hit or miss proposition. >> it can. >> stephen: 25% of it is great. >> yeah. >> stephen: and then there's the wait for that 25% to roll around. >> yes, i used to get this wide-eyed look when things were going really badly and i would give the other person a claw in their arm or leg, i had the panicked look, yeah. >> stephen: you play a character wanda jo who is a psychic on last week tonight now with our friend john oliver. ( cheers and applause ) have you yourself ever gotten the help of a medium? >> okay, so funny you should ask that, but, see, i like to think that there are some psychics. >> stephen: it would be helpful if somebody knew what was going on. >> that's true. but the freakiest experience i ever had was on my 43r 43rd birthday a friend took me to a channeler who is someone who channels the spirit, apparently. >> stephen: an ancient spirit. you walked in, she talke

>> i skipped my show for you, stephen. >> stephen: what!e had rupaul booked. >> stephen: so sorry. sorry, i scooped you. you're msnbc's chief legal correspondent, besides hosting your own show. it's great to have an expert on right now, because there's a legal question they have and it's a bit technical. it's what the hell is going on right now? ( laughter ) what is-- is-- are there laws? are there still laws, ari melber? house judiciary votes tomorrow to see if barr should be held in contempt because barr said, "i'm not going to come testify." they subpoenaed him, and he said subpoena-schmea, i'm not coming." what happens if they hold him in contempt, anything? >> here's what's going on. bob mueller found evidence that donald trump committed five felonies in office. congress subpoenaed, as you mentioned, the rest of the mueller report. >> stephen: aren't there 10 examples of probable obstruction? >> 10 examples of obstruction, and then about five or seven, dpe pending on how you count, where mueller said there was "substantial evidence" of

neat and clean like my men. >> stephen: there you go. cheers. >> stephen: cheers.tter times. ( eers applause that's nice, it's smooth. >> stephen: tasty stuff. now, so, duty vors yourself from the -- do you divorce yourself from the whole political thing? >> i try to. i can't. >> stephen: it's everywhere. it's everywhere. one of the things i stopped doing si do not read the news at night because i was waking up in the middle of the night from nightmares of just screaming. >> stephen: you've read my dream diary. ( laughter ) >> i was in a board room. there was a long table, and it was just the guy who's in the oval office right now sitting there, and i walked in, and i was screaming, screaming, don't you care about the next -- i mean, i was going crazy at him and screaming and yelling, and that was 2016. i woke up in a sweat and i thought, oh, my god i've gone insane and i have to stop reading the news at night. i read the "new york times" in the morning, i listen to npr. i know, i'm such a new yorker. but that's what i do because i want to be informed. occasionally

( cheers and applause ) >> stephen: wooo! hey! >> stephen: come on! come on! hey! thanks, everybody. you know, jon, you know, jon, we do so many of these shows, some days i'm not sure if i can tell what day it is. but i can always tell it's friday, because there's nothing like a friday audience. ( cheers and applause ) nothing like it! nothing like it! >> jon: they're very excited. >> stephen: accept no imitations. welcome to "the late show." i'm your host, stephen colbert. information-- ( cheers and applause ) over the two years that donald trump has been president, a lot of us have wondered if-- how do i put this delicately-- he's insane in the membrane. a couple nuggets short of a 6-piece. what's the truth? enter former bush economic adviser and santa's brother who went to business school, larry lindsey. mr. lindsey was invited to speak to house republicans this week, supposedly about the trade war with china. but instead, he kicked things off by announcing he'd hired two psychologists to evaluate donald trump, who diagnosed him as a "10 out of 10 narcissist." (

( laughter ) >> stephen: that is the technical term. >> arabian pretty horse. >> stephen: okay.ou look at a script. ( laughter ) >> i never, i don't look at the scripts. i don't know. >> stephen: you improvise? what did you do. >> no, i don't improvise, no. they do make fun of me for that. i usually have a magazine in my hand instead of the script. >> make fun of you, i-- >> or idolize me? >> i am in awe of the powers that you have. she doesn't look at it, she says it word perfect. >> you put her hands on it sometimes and starts to shake. ( laughter ) >> natural gift. thanks, guys. >> stephen: melissa, if you weren't an actor, what would you be? >> oh goodness, these are really good questions. >> did you work at the unemployment office? >> i have a lot of training there. i think maybe a cook. a chef. >> she is a great cook. yes, you have given me delectable recipes. >> thank you, you arabian pretty horse. ( laughter ) >> stephen: this one again from anonymous member of the group, for the entire group, and it's not coming from me, coming from one of you, this anonymous person wan

( cheers and applause ) >> stephen: wooo! welcome! >> stephen: wooo! sit, sit, sit! thanks, everybody. welcome, one and all to "the late show." i'm your host, stephen colbert. folks-- ( cheers and applause ) ladies and gentlemen, throw out your calendars because from now on, it's 2020, baby! it is on. yesterday, a new candidate joined the race, and this time, we have heard his name before. i'm talking about former vice president and man saying, "uh ladies, my teeth are up here," joe biden. ( cheers and applause ) now, now-- people like the joke. biden has a full head of steam right away. he was already the frontrunner before he declared, and in a poll taken after his formal announcement last week, 39% of democrats say biden's their top choice for the nomination, which puts him more than 20% ahead of his nearest competitor, bernie sanders. so it looks like democrats aren't feeling the bern so much as they're jonesing for joe. or vibing the... bide? or weepin' for the former or weepin' for the former veepin. and today, biden was on "good morning america" to show what h

>> stephen: >> stephen: marcia, marcia, marcia. talk a lot about donald on this show, but every so often it's nice to focus on someone who is actually qualified to be president-- oprah winfrey. i like that. i like that. that's a nice pose. oprah did an interview with "the "the hollywood reporter" recently. and the biggest news from the interview was why she left "60 minutes." apparently, she was getting performance notes that she never expected to get. saying it's "never a good thing when i have to practice saying my name and have to be told that i have too much emotion in my name. i think i did seven takes on just my name because it was 'too emotional.'" what? "60 minutes" critiqued oprah for speaking with "too much emotion"? that is her thing. that's why her catchphrase isn't "there is a car for you. there is a car for you. and so forth and so on." there are cars for everyone. ( laughter ) well, i just want to say, as a dedicated cbs employee who supports the wisdom of my corporate overlords without question, i just want to say:

i'm your host stephen colbert. remember, remember, remember during the campaign in 2016 when the president said that we're going to win so much we get tired of winning? (laughter) wall street got there first. cuz today because today, the dow plunged 617 points. to put that loss into perspective, we have a report from "the late show" financial correspondent: ♪ ♪ ( laughter ) >> stephen: the stock market was he will be missed. the stock market, it was reacting evidently to the breakdown of negotiations between the united states and china or a new trade deal and i will tell you all about it had in our new ♪ trade war, uh what is it good for ♪ i am really asking say it again y'all ♪ ( cheers and applause ) >> stephen: thank you, jon. here's what happened: after over a year of tense negotiations, last week, our delegates in beijing were banging out the details of a final trade agreement. but the u.s. balked when china said they were no longer willing to commit to changing laws covering intellectual property, forced tech

( cheers and applause ) >> stephen: wooo! hey! >> stephen: thanks, everybody.come, one and all, ladies and gentlemen, to "the late show." i'm your host, stephen colbert. trump-- ( cheers and applause ) if you pay attention,un that donald trump and congress are fighting. i would say they were at each other's throats, but it's hard to find the throat under all the old-man jowl. i'll tell you all about it in tonight's ♪ obstruction junction: our democracy doesn't function. ♪ floutin' subpoenas 'cuz executive privilege ♪ the house judiciary committee was supposed to hear testimony today from former white house counsel and smile-school dropout don mcgahn. they wanted to ask mcgahn about the section in the mueller report where mcgahn says trump tried to obstruct justice, and it's a large section, but last night, the white house blocked mcgahn from testifying to congress. so, they don't get to ask about obstruction because the alleged obstructer obstructed the witness to his obstructing ( laughter ) that's like calling a witness in a murder trial and the murderer stan

b.r.b. >> stephen: delicious, delicious. >> b.-- b.-- >> stephen: no, no, you're right. >> stephen: tommy-- >> they should register. that was point. they should register to vote, teens, bts teens. >> stephen: you got to get to the joke first, even if it undermines democracy, you have to get to the joke first. tommy, you were obama's national security council spokesman. how much international support do you think there is right now for trump's escalating of the sword rattle against iran? >> i'm sure the saudis would love us to fight a war for them against iran. but i think everyone else thinks it's crazy because this feels like iraq 2.0. you have an administration that wants regime change in iran. sa. "the new york times" reported he's considering sending 120,000 troops to the middle east in case something happens. that is an invasion-size force. that is exactly-- basically the number of troops we sent into iraq which got us to baghdad and led us into a quagmire for a decade. >> stephen: is that trolling for a war? >> it is certainly provoking iran. we have been trying to crush their econo

>> stephen: whooo! (cheers and applause). >> stephen: pleas have a seat, folks., everybody, to the late show, i'm your host stephen colbert. you know, there's nothing better for taking your mind off a looming trade war than a looming war war. (laughter) because i don't know if you have seen the newspaper, we might be headed to one with iran and here is what is going on. the administration claims that there are warning signs that iran plans to attack u.s. interests in the middle east. but the intelligence for that is not clear. and we know that thanks to secretary of state and raining champion returning to ribmania-- (laughter). >> stephen: mike pompeo. he's a monster in the rib pit. now pompeo went to brussel this week to explain to our allies item u.s. is so concerned about iran. but european officials say pompeo didn't show us any evidence. well, that's not right. that is not right at all. we know, we know if you want to make a case for a war in the middle east you have to present airtight evidence like this viel, full of sweet n low, this meeting came after th

stephen: what do you see is a likely year end -- jamie: i have no idea. stephen: 4% on the horizon?rather see 3% growth or 2% growth with 2.5% treasury? you have to look at why. the why is always more important than the what. stephen: how about the chinese economy? we have seen the pace of defaults trickling. last year, the first 34 months of the year -- three or four months of the year, there has been a lot of stimulus. there could be more stimulus exacerbating the problem. jamie: not a lot. you have to look at china. china can do something the rest of us cannot do. they can manage industrial policy, fiscal policy, monetary policy in a coordinated way, which is why we think they will accomplish 6.5% growth. they will not do it forever. they won't have that kind of control. they do -- they probably have some significant mpl problems index, but they can handle that. they have the wherewithal, capability and the leverage. if i was the chinese regulators, i would not want to grow much more because at one point, it may be so big you cannot handle it. they can probably handle whatever is

stephen pagliuca joining us.g up next after a quick break, uber's struggle, raising new questions. arotech ipo's overhyped? we will talk more about that coming up. this is bloomberg. ♪ carol: welcome back to bloomberg technology. uber turned positive in tuesday's session but the stock is below its ipo price of $42. that is raising questions about the company's valuation as well as the handling of its ipo. someone who knows a lot about startup evaluation. they are no stranger to the ipo tech landscape. they someone of their own investments hit the market, we are talking about pinterest. it is up 53%. we call that a good ipo. i want to talk to you about a lot of things. let's talk about uber. how do you see that? what happened? did they price it wrong? you understand this market, and you understand valuation. >> sort of. uber is very special. i ubered over here. carol: i use it like three or four times. >> it is a new verb. it is a rare thing in the consumer world. everybody has an opinion about the enormous value

stephen: valuations are high.on on too much they chasing deals in 1980's, 1990's, 2000's -- i thought they were all true, but baincapital has grown from $36 million under management to $205 million today. and they are some of the highest returning funds we have had. i've equity really is a great business model. it comes in and tries to transform businesses. so for the model has proven to gloat -- go global, help mergers and acquisitions, companies be efficient, the whole world has changed in terms of private equity and the value being added by baincapital which was founded on the principle of taking consulting -- consulting skills and reading great is this is. what are the areas you are looking at that you are finding interesting? stephen: we view this as a needle in a haystack, proceed with caution style. we have a team of 1000 people looking at thousands of deals and we cover the waterfront. in the last 10 years we have become specialists in -- we have had a big technology practice so we have reorganized to have

stephen roach joins us on the next trade war. stephen roach in the next hour.is bloomberg. ♪ tom: bloomberg surveillance. across all surveillance this morning, the trade war and the effect on the market. steve roach is with us. , translate into .reater english translated to common english, please. >> markets have further to fall not cheap.y are if you want a technical term for it, this is a layman's term. and to me, that is the standout issue going to the latest round. markets have not cheap and to a meaningful degree. what do you watch to judge the correlation of cheapness in he market? >> the contract the swings in global growth whether it is gdp or pmi. the markets fastly underperform what it is now. a lot of the cyclicals within a developed market and equities were doing a lot better than global growth. it was an indication that they were slightly expensive. they have come back, but they are not cheap. francine: talk to me about volatility. we have a great chart that looks at stocks fluctuating compared to currencies. because of the trade, do you see a real

it's a sad day in america. >> announcer: it's "the late show" with stephen colbert. tonight, national em-barr- assment.

welcome to the business i'm stephen beers in berlin thanks for joining us. he's known for his mustache is easy going to minor and for his role in a series of popular t.v. ads now dialer c.e.o. do you need such or is handing over control of the german luxury car bread 1st he had one last appearance at the company shareholder meeting take a look. he's the man with a bold risk a stash just 10000 years detection dictated the fate of global com a could dima and nearly became a brand himself in the process for many shareholders it's a fond farewell really good it's a shame i liked him a lot he was always good you could talk with him he was excellent. it was 2006 when timeless 1st turned to needing a new start person and to the failed merger with american carmakers chrysler. the compact back on track. and became dr said to the american market even a pairing in t.v. ads. this 5 languages especially is only one example that smalling for better performance at handling cool it was under such as leadership that miss eighty's over to the m p m w to become the world's lar

well normally stephen investors buy bonds especially. from become trees such as the united states so when they want to run away from risks and uncertainty doubts why do u.s. treasuries and notes which are basically are public debt issued by the u.s. government would differ in my cheery meaning that that period of time frame and some of those bonds will be do you are also known as you mentioned before safe haven are said to financial jargon bonds in general offer a lower geale dennis stock so investors get less return on their investment but at moments like the current situation where you have a trade war going on an increasing probability of a global is slowdown or a hard break seat on the cards running to u.s. government bonds for example is consider a safe bet sense that they are among the world's safest in terms of the likelihood that their interest and principal will be paid on time those that we're hearing a lot more concern talk about this inverted yield curve of u.s. treasuries you explain what that is and why it matters. well dic

second of all, decision yesterday stephen breyer -- it was a case about states but stephen breyer clearly was something else as well which is settled by that. by that he was suggesting not too subtly that perhaps roe v. wade is in jeopardy. is that how you read it? >> i did, john. thanks, i thought that was a great interview. shows an end of an era there, which is what justin briar might have been warning about. one is to talk about the value of precedent and what some of our viewers might not know is that the supreme court builds cases based on its past cases and it believes that when a new justice comes on he or she shouldn't just reverse a decision because he or she doesn't like it. there is a certain reliance that the public and lawyers and their clients have on past cases. justice breyer wanted to talk about the value of stability in the law, but the other point he made about his references to key decision on abortion rights was to say look at what might be next. i think it was a subtle warning, although everyone took it loud and clear that coming down the road would be -- and i do b

well according to a stephen when you see in the u.s. secretary of treasury they can happen in about $30.00 to $45.00 days and stephen that when it comes to imposing new charges there is a whole process that needs to happen before the administration can do so 1st that the u.s. trade representative all visa needs to publish the list of products that will be affected by those targets something that happened already early last week next the step is a public hearing where companies and organizations will expose their opinions on. these public hearing is initially is scheduled for june 17th and will include over $3800.00 products. be subject to charges of up to 25 percent 7 days later after d.s. happens final reviewed all call means that will do you and given the green light to go ahead with that it's worth noting that dog that the current ground has a much shorter public comment period than previous previous ones stephen. so we know that some companies are asking for exemptions from these tariffs are they getting them briefly if you can. it

and that's it for me in the business team i'm stephen beard thanks for watching. i'm not laughing at the joke i just sometimes i am but most and laughing with the. germans thinks deep into the german culture of looking at stereotypes but in your sink this is a country that i doubt i. needed to take for this drama. you know it's all about. new i'm rachel join me to make the german fun d.w. post fake hair and real stories. where i come from a lot of women who like me have fake hair sometimes the hair style takes up to 2 and. it's a lot of time that needs to be filled so people at the salon talk about what's happening in their lives and i became a journalist to be a storyteller and i always want to find those real authentic stories from everyday people who have something to share. with all of the must find at the salon i know a good quality there when i see it and then a good story when i hear it. my name is elizabeth chong and i work at steve. this is deja news africa coming up in the next 15 minutes south africa's new cabinet has been sworn in and most of the faces

stephen: you have to market it yourself.lity to commercialize it after it has been funded. it has been spectacular. the thing worries -- the industry worries about, can a small company handle this? not a small company, we are over 2000 people. from that perspective, as it come back -- comes back, we are wening clinical trials so will continue to do what we are doing. stephen: we could go on and on and we have. we will send it back to you from the summit. shery: thank you for that and plenty more to come on "daybreak : asia." this is bloomberg. ♪ ♪ paul: the estoril yet, titian and consumer commission is blocking the merger. shares plummeted after the regular inadvertently publish the news. -- curber would curve competition in the telecom market. reporter joins us. let's start with the manner of that announcement from the a triple see. you can only describe it as a terrible scrub. angus: it was terrible the way this decision was handled. it was posted on the website a day early as a passing reference for a decision it had not

stephen: thank you so much. yorizumi: a pleasure for me. stephen: it is quite an honor.re in front of the state house most of the day astana trump will be here later this morning where his official state visit to japan. shery: think you so much. --was there with k thenasai the kansai university professor. for more on the trade talks between japan and the u.s., go to tliv for commentary and analysis. this is bloomberg. ♪ statement from south korea that could be followed with the government lowering its forecast for 2019 when they announced policy direction next month. looking at -- a $2.3 billion takeover offer from infrastructure at five -- 5.23 australian. they have launched proceedings today with the federal court of australia seeing mergers with vodafone. they will not likely have the effect of eroding competition in the industry. in seoul korean carmakers are on view after the government and the ruling party are in talks to extend cuts to passenger cars. it was reduced to 3.5% from 5% in july. it will expire soon. beingng japanese autos held do is talks between

i think in a way stephen moore was mabybe the last person in washington to know that stephen moore was on the fed. when congress came back from its recess on monday, i talked to joanie ernst, the republican senator from iowa, she's running for reelection. she said she found moore's writings ridiculous, she was not enthusiastic. then in the days to follow, senator john thune said it would be a leheavy lift to nominate h. republicans don't have that big of a majority in the senate. >> susan collins was very vocal. >> and susan collins is running for reelection. she's facing a lot of criticism in maine, her home state, for voting to approve justice kauf gn -- kavanaugh. she couldn't afford this kind of a vote. >> let's also show you stephen moore was just on fox business just a few minutes ago. let's take a look at what he had to say. >> god'shonest truth, i thought it would be a one-day story. if i had any sense this would happen that people would being looking at my writings from 20, 25 years ago, i would have told the president, i wouldn't have told the president i couldn't do that. >>

weld: i actually thought stephen moore would be ok.ply-sider when there was nobody except a few. i believe in tax cuts, by and large. i think they are good for the country because the government is too big, and i believe in the dynamic scoring of tax cuts, and i am sure stephen moore agrees with that. i've known him for quite a while. he was writing for "the wall street journal" back in the 1990's, and they rang to be the most fiscally conservative governor in the united states, and i think he wrote that piece. i've always had a soft spot in my heart for stephen moore. sorry. [laughter] david: there's nothing to be sorry about, the facts are the facts. let's talk about monetary policy, the primary focus of the federal reserve. what would you want there? mr. weld: people keep coming up with these new monetary theories that mean deficits don't matter. i'm not buying that. i think we can't continue to run these deficits of $1 trillion a last and president trump's budget was a multi-year budget, but added 7.9 trillion dollars to the accumu

very much so but not only stephen's.ers funerals, really. is that satisfactory? what is the department doing to make sure people have a proper burial? when i asked in the north end of birkenhead, where one person who was sleeping rough, they actually collected together... this is one of the poorest areas in the country but they collected together to make sure he could be buried properly and without the stigma of being a pauper. isn't it pretty shameful that you have to go through all of these hoops, and goodness knows what, and most of the time, they say that you don't qualify as a family for help to bury one of your loved ones. surely, today, amber rudd should issue a statement, so you can read it out tomorrow, saying the policy of making sure that people are buried in this country with dignity will actually be carried out? that is one small, little apology that she could make to stephen and his friends that this will not happen to anybody else. both that they won't starve to death, but also, that when one naturally die

principal here at stephens high school. >> pat is fine. chris: i got in trouble. in the principal office, it was mrs. -- pat. >> welcome to stephen's thank you for running, do you think that america is ready for a gay president with a husband, if not what do americans need to know or understand in order to reach that comfort level? >> i do think so, thank you for having us here at the school it has been terrific. and i gather it cir it -- elect, i say post ors for school today. when i decided to come out, i was mayor. i had been dragging my feet on figuring out a way to do it because my job had me so busy, i was able to feel like i was not missing much. when i came back from afghanistan i realized it had to change you get one life, that meant, i had to be straight forward with my community. and that was an election year. so, i had to think hard about what it would mean for my political future, you just didn't know. not like you could do a poll, saying if mayor pete was gay would you be less likely to vet for him, right? i wrote is up, put it in newspaper and waite

stephen: good question. the fed held back.nk i could make a case for having repealed the rate hike that took place in december. member, i was one of the first people -- although there were any, who called out a tragic mistake, although some do not admit that it was a big mistake. i would be in favor of repealing that rate hike, which was 25 basis points? i do not think we should cut rates by an entire percentage point, but i do not see a case for that right now. guy: guy johnson in london. let's talk about the productivity number you raised, 3.6%. do you expect that number to continue rising? you talked about a potential rate at 4%. how high could that number be if it keeps climbing? stephen: that is a great point, because productivity is one of the things that leads to higher gdp growth and increases output. number.such an amazing i did not expected. i thought we would be at 2.5%. either way, this is a direct consequence of the tax cut. the taxple are against cuts, pay attention to what is going on in the american economy. th

good morning, stephen. i have a few comments to make. the economy did improve under obama, in spite of obama. the things he enacted while in office actually hurt our economy. taxndly, i did get a refund. you very much. it has been very helpful to me. americanevery single be behind the president in dealing with china whether you like or dislike trump. this is a critical issue. imagine how our economy would be with your cooperation of the democrats in congress. host: thank you for the call. let me take your lead and follow up on china. it appears we are in a holding pattern until president trump and xi jinping meet next month at the g20 summit. what will happen or what could potentially happen? guest: i do not think anyone knows the answer. so much of it depends. the ball is in beijing's court. i appreciate the gentlemen's comments. under obama, we have the weakest recovery from the recession since the great depression. if donald trump is elected president -- people were saying this in 2016, it will cause a second great depression. now we

. >> stephen: who is shadowy-er? russia or china? ( laughter ) who would be more aggressive in the shadow war? >> they're both aggressive. generally, folks will talk about russia being the greater more dangerous short-term threat and china being the more formidable long-term threat. china, bigger economy, bigger population, more capabilities, and that's the one americans think about long-term. military commanders, intelligence officials, et cetera. but russia is nor aggressive today. russia is sort of like your drunk friend at the party, right. you know they're dangerous -- >> stephen: literally your drunk friend ( laughter ) >> you know they're dangerous when they walk in the room because china is more like the quiet one in the background but

but too late for stephen's family.s, bbc news. the united nations general assembly has overwhelmingly supported a resolution, demanding that britain cede control of the chagos islands to mauritius. the international court ofjustice had previously said the islands in the indian ocean were illegally split from mauritius in the 1960s, when the country gained independence. itv says love island contestants will be given mandatory therapy sessions as part of their enhanced duty of care procedures. it follows calls for the show to be dropped in the wake of the death of a guest who took part in thejeremy kyle show, as well as two of love island's former contestants. now islanders will have more detailed discussions about the potential impact of the programme on their lives and bespoke training on social media and financial management. now on bbc news: sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme: fifa confirm the next world cup in qatar won't be expanded to 48 teams. they

principal here at stephens high school. >> pat is fine. chris: i got in trouble.fice, it was mrs. -- pat. >> welcome to stephen's thank you for running, do you think that america is ready for a gay president with a husband, if not what do americans need to know or understand in order to reach that comfort level? >> i do think so, thank you for having us here at the school it has been terrific. and i gather it cir it -- elect, i say post ors for school today. when i decided to come out, i was mayor. i had been dragging my feet on figuring out a way to do it because my job had me so busy, i was able to feel like i was not missing much. when i came back from afghanistan i realized it had to change you get one life, that meant, i had to be straight forward with my community. and that was an election year. so, i had to think hard about what it would mean for my political future, you just didn't know. not like you could do a poll, saying if mayor pete was gay would you be less likely to vet for him, right? i wrote is up, put it in newspaper and waited. there was never a

welcome to hardtalk, i'm stephen sackur.he surge in israeli—palestinian violence in gaza this month was relatively short—lived. the grim status quo remains intact, but maybe change is afoot. hamas‘s internal grip on gaza is threatened by rising economic discontent. the trump administration will soon unveil a peace plan built on economic incentives for the palestinian people. my guest today is hamas spokesman ghazi hamad. the movement's rhetoric is unbending, but do the palestinian people long for new ideas? ghazi hamad in gaza city, welcome to hardtalk. thank you very much. let me ask you a simple question. when the people of gaza ask you how you and the hamas movement are going to make their lives better, what do you say? i think we are struggling, we are working day and night in order to ease the life of people in gaza here. but i think people there understand very well that the reason of this crisis is occupation, is the policy of the siege, is the policy of the blockade, is the pressure on gaza every day, because you kno

stephen moore by tweet an hour ago and then got the stephen moore statement since then here's what stephen moore had to say on his withdrawal from consideration for the fed nomination he said i'm respectfully asking that you withdraw my name from consideration. the unrelenting attacks on my character untenable for me and my family and three more months of this would be too hard on us. we've now gotten a statement from chuck schumer, the senate democratic leader. he did this over twitter saying, ultimately, first, herman cain and now stephen moore. thank goodness neither actually nominated. only thing less funny than mr. moore's tasteless sexist jokes was the idea that president trump would consider him for a seat on the federal reserve. calling for serious candidates up to the federal reserve board. you'll see who's here. white house not saying right now who else they're considering for the federal reserve board, for those who available slots now but i'm told that the decision to move away from moore was made by the president very recently that is, relatively shortly before his tweetsme as

it remains the top story, president trump's fed pick stephen moore reportedly deciding to drop out ofhe process, according to a tweet by the president. it was just an hour ago that in an interview with bloomberg's moore said he was confident he would win support. stephen: it will be different three months from now when i go before the senate and the banking committee and the full senate. i am not too concerned about this. amanda: we have with us bloomberg economics -- a bloomberg economics reporter. the other thing moore said today is that he doesn't think president trump's call for a full-point reduction in interest rates is the right one. you wonder if this was voluntary withdrawal or not. >> i am not going to speculate on the timing of the decision, but it was clear he was not going to get confirmed. we did hear very clear signs of that happening. i think that it just tells you they have to choose somebody who would really be balanced and have a very solid economic background. taylor: we know he had been a little bit critical of jay powell. we heard from trump talking about cutting