levi strauss ceo chip bergh.e on that conversation later in the show including his thoughts on tiktok. all right. coming up, talking more about the executive order on tiktok. president trump now going after we chat as well, what banning it in the u.s. means for businesses like apple and walmart. -- a prayer granting programming note. do not miss david westin's conversation with larry summers and jillian ted on how the pandemic aid in the united states is having a skewed impact. wall street week, this evening. this is bloomberg. ♪ businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. yeah. this moving thing never gets any

david strauss's book on the living constitution is wonderful. he doesn't have detailed criteria for when we are to recognize a change in the living constitution and much of its description of constitutional change is a claim the constitution changed even before certain amendments. if you look at his discussion of the seventeenth amendment, he writes as if the idea of popular elections was constitutional before the formal text was enacted. i don't think he can say no aspects of the living presidency are constitutional because they are not judge driven. he has a role for congress to play a role for the people to play. not just judge driven theory of constitutional change. if it is, then obviously -- i don't think that necessarily. >> i have another question. trump. it was inevitable, getting ready for this, i asked if trump had done anything shocking and horrible in the last half-hour we needed to be current on. i don't know if any of us checked. you have a description which seems to me perfectly accurate, the presidency has amassed power. as i wa

david strauss, his book on the living constitution is a wonderful book. i don't think he has detailed criteria for when we are to recognize the change in the living constitution. much of his description of constitutional change is a claim that the constitution changed even before certain formal amendments. if you look at his discussion of the 17th amendment he writes as it the idea of popular elections was partly constitutional even before the formal text was enacted. i don't think you can say that no aspects of the living presidency or constitutional because they're not judge driven. i think as a role for congress to play a role for the people to play. it's not just a judge driven theory of constitutional change. it is then obviously he is able to use as the defense by the don't think that's his theory. thanks for that question. >> well, i have another question on trump. it was inevitable that we talk about him. we're getting ready for this, i asked everybody if trump had done anything shocking and horrible in the last half an hour that we needed to be b

one of them is bruce ackerman and another is david strauss. couldn't they say by their criteria these changes are not legitimate. he has a constitutional moment theory where it's like a new deal following the civil rights revolution typically followed and ratified by the historic election. couldn't ackerman say truman had a war in korea without any congressional authorization was nothing like that. he wasn't vindicated, he left the office deeply unpopular. maybe david strauss would say that it's mostly focused on charges and common-law constitutionalism and mostly incremental and the president launching the war wasn't what i meant at all. so i kind of wonder if you could expand on that and within a related question. usually you say that there are sort of fair weather living constitutionalist but prepare to original islam when it gets the political results that they wanted there are also fair whether originalists much easi easier. you don't mention any of them by name. it applies different rules for instance some imagine that the founders creat

is it possible one of the reasons he wanted to maintain, what he fought this, to make sure that strauss replaced him was because of this case coming down the pike? >> could be. this case and any number of cases. one reason he didn't want the political replacement, that person had no prosecutorial experience. you need a prosecutor to head up prosecutorial cases like this. make sure career attorneys those not political appointees would be able to march forward with their cases without hindrance, interference or undue influence by the executive branch that pandered to friends and comrades. absolutely top of mind for him whether this is the case as opposed to ones involving rudy giuliani and his associates, parnas and the like. all fall under the umbrella, if you're putting the thumb on the scale of justice, put it in favor are balancing it not tipping in the way to benefit only those who are donor or in your orbit, only those who are your friends. if you want to tip the scales, so to speak, do it in the interest of equity and justice and having a blind eye towards it. this is, could be one

the one doing the work i've seen reports in the local press in new york to some nurses who put on a strauss fax as a protective equipment i mean the picture the real it really did happen they didn't really put that on because like i said we ran out before i hang in there yeah it was from the door so ok so i discounted 30 i can leave the room with a but i'm going to have to hang it in the door because when i come back here and i have to come back and i'm not going to have another gown those. gallons. it was never meant to stay on and it was never made to use a once over and over again you don't bring soldiers to war and you know give them weapons and you tell them yeah go out there and go luck you know try to figure it out hopefully you can kill the enemy if you try to take his weapon and then you should be ok. the lead they have this thing here when they go out there and throw gases and people they have good gear they have a good man behind the mask that we should've been you then. nobody helped. you know it was our own by we had to fight her every day we've asked the hospital what they had

so apparently, according to strauss, while repeatedly assuring donors that the founder and public face would not be paid a cent. he schemed to pass hundreds of thousands of dollars to colfauch. this is an investigation that occurred with the inspector general -- the united states post office inspectors. it involves, as i said, four individuals, including the former adviser to the president, steve bannon, andrew bataloto and timothy shea, no connection to the former u.s. attorney in the district of columbia, as well as the current acting head of the dea. so no relation there. but all these individuals have been taken into custody. they're expected to be arraigned today and we'll be getting more details on this indictment as we have a chance to go through it. but the bottom line is the president -- one of his gurus through his election campaign in 2016, someone who has advised the president and recently spoken out on his behalf, as you well know, has got handcuffs around his wrist at this point. >> handcuffs around his wrist and there across your screen in the last few moments. steve ban

may seem as a boy is normal on stage in salzburg austria with the also known as performing richard strauss' opera electra but there are strict safety rules in place at the festival and it's hardly normal outside salzburg is not as it was the city is almost empty the atmosphere is subdued. this was not have a summer music festivals 100th anniversary was supposed to be. but it's a minor miracle that the festival is happening at all with the pope at 19 pandemic festival president hegar harbor has starred lung made it possible. to insist i would have been ashamed of our current us if we've not had a festival this year. after all it was founded at a time which was much more difficult just after the 1st cold war when there was hunger and misery. cool part is essential to our festival is essential. who are going culture are central in every countries and maybe a little bit more and austria. all team members have to wear masks here they're transporting props with the festival favorite who go from hofmann taz year every man. there. they go blue it is one of the actors in vietnam and he says that th

doing the work and i've seen reports 'd in the local press in new york to some nurses who put on a strauss fax as a protective equipment i mean the picture the real it really did happen they didn't really put that on because like i said we ran out the were hanging there yeah it was from the door so ok so i discount is 30 i can't leave the room with a but i'm going to have to hang it in the door because when i come back here and i have to come back and i'm not going to have another gown those. gallons gloves it was never meant to stay on and it was never made to use a once over and over again you don't bring soldiers to war and you know give them weapons and you tell them yeah go out there and go luck you know try to figure it out hopefully you can kill the enemy if you try to take his weapon and then you should be ok. the. thing here when they go out there and throw gas is that people they have good gear they have a good man behind the mask that we should have been using. nobody helped. you know it was our own by we had to fight her every day we've asked the hospital what they had to say a

strauss has written books about it. >> strauss, ostrich meat. >> and maybe a pull-up. >> he has a sixack but people aren't drinking beer according to them. >> yeah. wow. diageo, rudge, jiough, jim. >> what a show take two unbelievable, b & gmp and figur for david how an oil company become as company that doesn't produce carbon working on it. haven't come up with a solution. yes, i think microsoft should pay the key money to the president t. is 30 years do it over 30 years. >> fine. okay. >> a long time. >> greg once said, a cut, just like the president okay he's head of m & a. >> jim, see ya later. >> farley building -- it's a farley day >> welcome to "squawk on the street." i'm carl quintanilla and factory orders, get to rick. >> yes factory orders month of june expected eed up 5% a beat, 6.2% following an 8% rise prior to that, historic low minus 13.5%. an april number. go through it. ex-transportation. still up 4.4%. these numbers are pretty good in that 8%, talked about it on headline, downgraded on revision to 7.7%. for the june final read on durable goods, which means they have

s marina strauss reports from paris. an iconic view of carriers this summer dark clouds are looming over france and its capital because of the rising number of covert 19 in fact fans people all have to wear mosques in several parts of france this is also the case here in paris is some street to dunk respect rules you have to pay a 135 your number stuff gone up in all i treated but young adults are especially affected some people. in the sense that we have to pay more attention or national there's a bit ironic station other restrictions because of the holiday so it's not fair you will be assuring that you know it's nothing more so it's home of them all cases so it's important to limit the sprats to protect our elderly who are most vulnerable and if you continue to put this epidemiologist. tells me france should carry out even more tests to avoid a 2nd blocked out young people who often don't show any symptoms are a key factor she says compound yeah it's understandable you know where i'm ok says among young people because

s. attorney audrey strauss accused former white house adviser steve bannon and three others of treating the we build the wall campaign as a personal piggy bank as alleged the defendants defrauded hundreds of thousands of dune is capitalizing on the interest i in funding a bootable to raise millions of dollarsrs under the false pretense that alall of f that money will be st on construction. the indictment describes an elaborate sleight of hand carried out by bannon project founder brian cole fades and the other defendants involving a different charity and various shell accounts all to disguise where the money was actually going back in two thousand and nineteen bannon attended an event meant to drum up support for we build the wall. that's what boy movement is about is augment it try to show washington that they're concerned citizens in those concerned citizens want to start to take action they actually want to see the wall buililt. the campmpaign organans use their ties to president donald trump to build legitimacy as they raised more than twenty five million dollars from thousands of d

podium for what was supposed to be the great shot of ted kennedy and jimmy carter -- there's bob strauss trying to get them together. ted kennedy raising his fist but never clenched his hand with that of jimmy carter and held them aloft. that was a contention convention, jon, and it had all the drama and messiness. this was not that, these four days we just mentioned. and i had guest after guest say in many ways it was better and more intimate. >> i think so. and i think it's where a huge part of the country is. so many people, at least in sort of information-age jobs, are living on these screens, and so it was actually meeting where a huge part of the country s meeting them in their current vernacular, and we've always talked about how, you know, these are made for tv, but those big halls, as you know better than i do, are not made for tv, and these -- this was a chance. it's interesting. the vice president's speech, many of the speeches, were really intimate addresses, more in the fireside chat sphere of the american political tradition than in the rousing great hall that's not a parti

. >> is normally mission over the man, but a colonel named strauss was so moved by what he saw, turns this incredible series of impressive events that led to this race against time to get my grandfather the medal of honor before he died. >> martha: he lived to be more than 80 years old, more than half a century longer than the doctors initially expected. his grandson john erwin joins me now, the author of "beyond valor, world war ii story of heroism, sacrificial love and a race against time," great to have you with us, john. you say that when you first held his medal of honor, your grandfather's, you felt a wave of guilt. why guilt? >> yeah. actually at his funeral -- and thanks for having me -- i remember very early when i was six, seven years old, he let me hold the metal and he said over my shoulder freedom isn't free, and i didn't really know what that meant for a very long time but i didn't listen to his stories. i think so many in my generation, we don't take time to appreciate, you know, that freedom isn't free and the stories of the men and women who paid the price for the li

it's sort of like the levi strauss of the gold rush when you see the levels >> jared, it's good to have you. thank you, sir jared holz of jeffries >>> amazon and facebook may be the most high-profile names that investors are buying these days, but believe it or not, they are not the highest bought >>> plus, unethical. that's how one of our guests talks outhabt e change-up robinhood. we're back in two. [ chuckles ] whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no. -oh. >>> welcome back to "the exchange." let's get a check on markets the dow is kind of the kid left sitting out of class today he's down 53 points, but everybody else is positive and that's where the major headlines of the session come in the s&p 500 is up a third of 1%

attorney audrey strauss, he essentially was able to provide himself a lavish lifestyle. really from a criminal prosecution standpoint, from a criminal theory standpoint, andrea, a pretty simple, straightforward case with quite a lot of evidence that's contained here in this indictment. >> and i want to talk to geoff, of course, about the president's reactions. it was basically, well, i haven't seen him in a while, i don't know him, i feel sorry for him, and in fact in july, the president notably had brought up this whole project and said he didn't like it, although kris kobach, who is of course the kansas former head of the president's ill-fated and failed election security commission back in 2017, had himself said that the president had agreed to this project. >> had agreed to it, andrea, and that the president told kris kobach to tell the media, and that's precisely how we know about it, because kris kobach gave an interview to "the new york times." it's important to maybe remind people about the space that the space steve bannon occupied in the trump world some two or

president to pleaded guilty to several counts of investigation led by that office, is deputy audrey strauss took over as the acting u.s. attorney so she's the one who made the announcement today. the prosecution is being handled by the public corruption unit of the u.s. attorney's office for the southern new york and matters involving trump before, this is familiar ground for those prosecutors. we'll know as you said smartly halle they'll receive probably through twitter pullback from the white house. it's quite possible of course and they're used to hearing that and high-profile cases so i don't suspect there will be any sort of operating outside of the normal for them at all. i think pete touched on it. not the doimt and the involved of steve bannon that involves anything particularly involving the white house but it is something thatcy straight up fraud if the charges are accurate, and true, it's something that is, appears to be fairly cut and dry. steve bannon was taken into custody. he is in federal custody at this time, as pete said he'll be in the federal courthouse today, but should

course you can see that massive cloud there and that indeed is a tropical storm mason so there it is strauss saturday and if i just go to a bit closer you can see it obviously a little bit more detail this is a storm not actual fact it's been moving southward you believe and now it's become almost stationary winds already look at this sustained at 100 kilometers an hour gusting strong in the mass the waves around that storm system already at nearly 5 meters above the normal level so this is a ses a very powerful storm as we move on into sunday it is beginning to move it further towards the north a bit more movement with it and in fact at this point it will be a typhoon it could be a typhoon late on saturday evening the winds at this point sustained at 160 kilometers an hour so as you might expect that means the waves even greater with the potential to do more damage it will continue to move northwards that all this while it hasn't really been impacting any areas of land certainly not directly what it has been doing of course is producing heavy rains across the northern philippines but as a s

attorney audrey strauss says, his lavish lifestyle. this is really a pretty straightforward indictment. it details something that is against the law. you can't solicit donations, say it's going to a certain cause and turn around and use it for your own personal gain and personal good. bannon is alleged to be part of this along with three other people. that's kind of the heart of the charges here today. as you reported, based on the reporting of our colleague hallie jackson, he's expected to plead not guilty. the maximum sentence that bannon could get for both of the charges here is 20 years each, although a big asterisk on that. those maximum penalties would only typically be reached in a much broader indictment and perhaps with a crime of violence. none of that is alleged here. given his lack of previous legal exposure from the standpoint of federal criminal charges, i don't expect him to get anywhere near that. if he is convicted, probably o the order of perhaps a year or two, maybe a little more than that. that's if he's convicted.

here to talk with me now is valerie strauss, education reporter of the washington post who recently wrote about protesters taking to the streets with fake coffins. some reopened schools are reporting coronavirus cases. valerie, we have been covering this for a while. i'm also a parent of school age children. invested in this professionally and personally. i feel like basically six weeks or so when these conversations started to happen, districts started planning, we were in a little bit of a different world and two things happened. an enormous second outbreak in the u.s. with record cases being set every day. and the president coming down hard, you've got to send your kids to school, open the schools. and i feel like that changed the calculation for a lot of places. it pushed them away, essentially from in person learning. is that your sense having been covering this? >> nice to be here with you, chris. thanks for having me. when president trump started to politicize the idea of how and when schools should reopen, it did change the calculus for a lot of school superintendents who were try

joining me now senior political reporter for "the guardian" daniel strauss and msnbc political analystlina maxwell. daniel, i'll start with you. is it about laying the grundwork to delegitimize the election were president trump to lose? can there be any other reason. >> look, there's no way that the president can delay the election. this is in the constitution. it's administered by congress and the states so there's no way he can say, i need the election to be delayed. it's hard to say what his motive is here but he has expressed a range of arguments about the election cautionening -- cautionening it voting by mail is full of rearer and rife for fraud and those are suggest that he just wants to argue there are problems with the election and he won't accept the outcome if the outcome is not to his liking. >> yeah, and believe me he has said that in as many words with regard to previous interviews. zerlina, how crose sink might this be? both in terms of a constitutional sense and a practical sense? >> well, i think that's a good question, alex, there are two things i think about when i s

this is peter strauss, on the board of the san francisco transit riders and a member of b.t.x. i want to thank you first of all for your recognition of the importance of caltrain as a regional transportation resource. that said, i'm not enthusiastic, i think that i have shared this with many of you, i'm not enthusiastic about the sales tax, but that's the hand that the legislature has dealt with us. so i'll live with that and urge support. with respect to governments, i recognize the importance of government's reform of the -- of caltrain and its establishment in the bay area. however, i'm not going to present a specific recommendation on the form that it takes and the linkage that you're discussing today, except to recognize that it's critically important that what you pass to be something that can be supported by all four counties. i hope that what you pass will have something that will have the support of san francisco, santa clara and san mateo because that's essential to move forward. thank you. >> clerk: thank you for your testimony. next caller, please. >> caller: hi the

this is peter strauss, on the board of the san francisco transit riders and a member of b.t.x. i want to thank you first of all for your recognition of the importance of caltrain as a regional transportation resource. that said, i'm not enthusiastic, i think that i have shared this with many of you, i'm not enthusiastic about the sales tax, but that's the hand that the legislature has dealt with us. so i'll live with that and urge support. with respect to governments, i recognize the importance of government's reform of the -- of caltrain and its establishment in the bay area. however, i'm not going to present a specific recommendation on the form that it takes and the linkage that you're discussing today, except to recognize that it's critically important that what you pass to be something that can be supported by all four counties. i hope that what you pass will have something that will have the support of san francisco, santa clara and san mateo because that's essential to move forward. thank you. >> clerk: thank you for your testimony. next caller, please. >> caller: hi the