tim o'brien from bloomberg news is just reporting that.sive look at that reporting. he's going to be joining us in a moment. but if his reporting proves out, in between the racketeering lawsuit that's going ahead and the senate investigation of the documents they're getting from the senate, the investigation that robert mueller is leading as special counsel whose staff includes the former fraud chief at the justice department who was involved in the prosecution of felix sater for the pump and dump mob stock scheme all of those years ago, if this new reporting from tim o'brien proves out about russian money pouring into trump properties coming from sources close to putin, if that reporting proves out, we're left with the question of why that happened. why was money connected to putin pouring into trump projects? why did they do that? and if it did happen, is it likely now all these years later that that sort of thing is going to get somebody in trouble? reporter tim o'brien from bloomberg joins us in just a moment. we've got more ahead. sta

tim o'brien, executive editor of bloomberg view.nd kevin cirilli, staying with us from capitol hill. scarlet: we are moments away from attorney general jeff sessions' testimony before the senate intelligence committee. we will bring it to you live when it begins. from new york, this is bloomberg. ♪ scarlet: in just moments, attorney general jeff sessions will be facing the senate intelligence committee. he will likely be bombarded with questions about what he knew about the firing of former fbi director jim comey, as well as his own meetings with russian officials. whether he will answer them is a different matter. he could very well invoke executive privilege. we are joined by cambridge halley, the former republican attorney general of the commonwealth of -- ken cuccinelli, former republican attorney general of the commonwealth of virginia. what you expect to hear from mr. sessions? what you want to hear from mr. sessions? ken: there is an so much i want. it says a lot that he asked for this and wants it to be open. he wants to get

tim o'brien, he's been on the a journalist, he threatened over and over, saying i have these tapes, u have these tapes as an effort to intimidate him. there were no tapes it turned out in that lawsuit, so this wases a sort of new york real estate-style effort to intimidate james comey but i think it undermines the president's credibility. it could create some legal issues for him. athink there are absolutely no takes and this is all distraction. >> i think jeffrey toobin and i are in agreement, all along we were saying there are no tapes. >> there are no tapes. >> is this a distraction? >> i don't know if what the strategy is here, if there is a strategy, and remember how much this backfired because the threat of tapes prompted comey to leak the -- his memos to his friend at columbia university which led to the appointment of the special prosecutor which is something the president didn't want. so, you know, in that respect, it was, you know, a disastrous move. in another respect, we are talking tonight about tapes rather than this health care bill which is very unpopular, and frankly,

and in the course of the lawsuit the biographer -- incidentally tim o'brien who was a guest on our showold him during the course of the conversations, he said over and over again he was tape-recording their conversations. in the course of the lawsuit trump gets asked about that under oath on the record in an official deposition. mr. trump you told tim o'brien over and over again that you were tape recording your conversations with him. did you actually tape-record those conversations? and despite all of the times that he priestly said it, when he had to answer that question at risk of perjury, the future president said i just wanted him to think i was recording him. of course i didn't actually record him. tapes? what tapes? i'm not equipped to tape anybody. who tapes people. so this is a thing he does. he has done this for years. there it is, black and white in a court deposition. that is why it was not totally out of left field when the president raised the specter last month that there might be tape recordings from his one on one meetings with james comey at the white house. the presi

alex wayne there as well and tim o'brien joining me. our chief washington correspondent.ere onaking news glencore. glencore seeking to buy allied stake for $2.55 billion. let's get a check on the markets this afternoon, bloomberg's julie hyman is here with the latest. the nasdaq, and the dow all touched intraday record straight however, it's a different picture right now. the nasdaq turned sharply lower, off 3/4 of 1%. the volume today is eye-popping, 20-day average, specifically for the nasdaq. selling on heavy volume. i have a new acronym for you. admittedly much more difficult to sacred goldman sachs highlighting this group. amazon, apple, microsoft, alphabet, or google. the low volatility in this group according to goldman's leading investors to underestimate their risks that could include cyclicality, tech disruption, regulatory antitank concerns. and also betosoft that are trading lower. i believe we have a look at those as well. all of these stocks that are being highlighted by goldman trading lower. as for this volatility, i took a lo at the 30-dayolatility. i hav

joining us now, tim o'brien, the executive editor of bloomberg view, and the author of "trump nation:art of being the donald." and tim, you were of course sued for writing that book, and marc kasowitz was the lawyer, the lawyer he has defending him in that lawsuit. the issue of audiotapes came up. tell us how that happened. that at some point donald trump said something like i tape recorded our conversation? >> routinely, i was at "the new york times" at the time. and we spoke frequently, multiple times during the week. >> by phone? >> by phone. he doesn't e-mail. he would send letters or i'd see him at the office. but occasionally the end of phone calls he would say i've been taping this. you don't mind if i tape this, do you? that's fine, that's fine. he would drop it in at the end. and i would be in his office and he would say i might have to start the tape recording system. >> let's go to the under oath deposition in your case. and i'm so glad that he sued you. >> i know you're jealous. >> i'm very jealous. i wanted him to sue me so i would have one of these depositions. here is d

joining me now is that journalist, tim o'brien. he is the executive editor of bloomberg view.hor of "trump nation: the art of being donald" which led him to be sued unsuccessfully at the time by donald trump. thank you for being here. >> it's great to be here, ari. >> given everything that has come out, how you view this all now? >> the 666 fifth? well, i think it's hanging over the white house now like a specter. it's brought the investigation full force into the oval office. it possibly implicates one of those powerful people in the office, the president's son-in-law. and i think it's added a new element to this. it's moved beyond simply a political collusion investigation. did the kremlin collude with the trump campaign to tip the trump campaign into trump's favor? into was there trading of financial favors possibly in exchange for policy decisions. >> you have reporting on this. this is interesting. when i was thought the primaries covering candidate donald trump, many of his supporters said they loved that he wouldn't owe anyone that he was independently wealthy that he w

and in exchange, get sanctions lifted on both our banking system and the country itself. >> tim o'brienfascinating. a thread to keep pulling on. thanks for being here. >> thanks, ari. >> i appreciate it. >>> still ahead, some news on what the white house is doing on domestic policy while a lot of attention has been elsewhere. new bikes aren't selling guys... what are we gonna do? how about we pump more into promotions? ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the whole supply chain? so people can customize their bike before they buy it. that worked better than expected. i'll dial it back. yeah, dial it back. just a little. live business, powered by sap. when you run live, you run simple. if you have moderate to severe plaque psoriasis, isn't it time to let the real you shine through? introducing otezla, apremilast. otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently. some people who took otezla saw 75% clearer skin after 4 months. and otezla's prescribing information has no requirement for routine la

marc kasowitz and donald trump not only lost that lawsuit against tim o'brien, but in the process, donald trump was forced to give an under oath deposition in which he was caught in lies 30 times. and that deposition now lives after that lawsuit. and who can forget donald trump's in-house lawyer at trump tower, michael cohen, who contributed this moment to the presidential campaign. he's the one who said, you can't rape your spouse. it is true. you cannot rape your spouse. and there's very clear case law. michael cohen has now had to hire his own lawyer because of his contacts with russians, if any, during the campaign are also being investigated. the only trump lawyer who has not yet publicly humiliated himself in defense of the president is the only one who has not spoken publicly in defense of the president. that is john dowd. it may be that the only way for a lawyer to avoid public humiliation in defense of president trump is to simply remain silent. meanwhile, special prosecutor robert mueller, himself a former fbi director with impeccable legal credentials, has hired 13 lawyers all

in this episode, china meets appalachia with wu fei and abigail washburn, plus tim o'brien and the newegrass of the infamous stringdusters, right after this. - [voiceover] national broadcast of music city roots is made possible by acceptance auto insurance. based in nashville, tennessee, acceptance offers personal automobile coverage from coast to coast. more information available at acceptance.com. you, your terms, accepted. - [voiceover] franklin, tennessee inspired music, local flavor on the edge of nashville. visitfranklin.com. - [voiceover] nissan, proud sponsor of art and culture in our home state of tennessee. nissan, innovation that excites. more information is available at nissanusa.com. - [voiceover] vietti artisan chili, celebrating authenticity since 1898.

. >> if this new reporting from tim o'brien proves out about russian money pouring into trump probability and coming in from sources close to putin, if that reporting proves out, then the question of why that happened. why was money connected to putin pouring into trump projects. why did they do that? >> key words, if this proves out. then she goes to why would they do that? if you have been watching this show that example is nothing compared to the other unhinged completely insane things that nbc and maddow are saying night after night, day after day. here's a couple of her craziest trump russia conspiracy theories. you'll love this. take a look. >> last week, reuters reported on 18 new previously undisclosed contact between the trump campaign and russian officials. u.s. investigators including fbi are looking into a russian citizen in conjunction with one of the citizens on the trump campaign last year. >> maybe he's not as charitable as he says or not under audit. maybe all of the little things are true. that would be interesting. what would change the world is if, you know, russia was

. >> if this new reporting from tim o'brien proves out about russian money pouring into trump probability and coming in from sources close to putin, if that reporting proves out, then the question of why that happened. why was money connected to putin pouring into trump projects. why did they do that? >> key words, if this proves out. then she goes to why would they do that? if you have been watching this show that example is nothing compared to the other unhinged completely insane things that nbc and maddow are saying night after night, day after day. here's a couple of her craziest trump russia conspiracy theories. you'll love this. take a look. >> last week, reuters reported on 18 new previously undisclosed contact between the trump campaign and russian officials. u.s. investigators including fbi are looking into a russian citizen in conjunction with one of the citizens on the trump campaign last year. >> maybe he's not as charitable as he says or not under audit. maybe all of the little things are true. that would be interesting. what would change the world is if, you know, russia was

fly and i think about 30 discrepancies in the lawsuit he had back in 2006 or 2007 with the author tim o'brien what do you think? is comey's credibility that stellar? at the end of the day, as we've been talking about all hour, this is a political calculation if he's not going to be indicted by his own justice department and he's not. is this really a toss-up at the end? >> first of all, it's not a legal matter. it's a political matter. that's number one. number two, if i were a democrat, actively engaged in campaigns or party building, i'd simply do what elise said. i'd simply pound away that every day, every day on television and radio across america, donald trump promised to testify. i'd back that up with two campaign promises that donald trump made frequently throughout the campaign. i will never lie to you and i will never let you down. and that alone is what democrats should be focused on, not the he said/he said. simply, donald trump has now promised to testify under oath and for america's sake, i hope he will do it. >> elise, the president controls the senate and the house. the preside

on the subject of his net worth, tim o'brien wrote in his book that trump was worth less than the amount had claimed. under only trump was asked, have you ever not been truthful about your net worth? his response was non-committal. it fluctuates and goes up and down with markets and attitudes and feelings. even my own feelings. but i try. it didn't stop there. in fact, "the washington post" found donald trump either lied, exaggerate order told falsehoods 30 times. on the subject of the number of people working for him. >> how many people work for you? >> 22,000 or so, different businesses, over 22,000. >> reporter: in court the lawyer asked are all those people on your payroll? no, not directly, trump said. turns out, he was factoring in employees of other companies that he subcontracted. on his claim he had zero bar w borrowings from his father's estate, under oath, i think a small amount. i think it was in the $9 million range he told the court. about those fees at the golf courses? trump said memberships had been going for $300,000. he was again proven to have stretched the truth when

. >> tim o'brien describes it as a blueprint for how this may turn out. >> gives us a sense.t's kind of an unusual situation. if you are the party seeking an injunction. ordering some action stopped. you are the one carrying the burden of proof. to reinstate the ban, the administration was carrying the heavier burden of proof. there were no dissenting views from the opinion, none recorded. that doesn't mean everybody agreed. there were three dissents from three justices who believe it didn't go far enough. the court should have reinstated the whole ban. the administration looks to be in good shape. >> bill: you would consider this a heavy legal lift but in the end, doesn't appear to be that way. >> it was a heavy legal lift for them to get the court to do what it did but they succeeded. they got the ban reinstated for now. we have the question, the ban is a 90 day ban and by the time they hear it, that ban will have elapsed. by the time it is argued, will be nine months. >> bill: the left characterized it from the beginning as a travel ban. >> a muslim ban. >> bill: what was

joining me now is tim o'brien.p nation, the art of being donald which lead him to be sued unsuccessfully at the time by donald trump. thank you for being here. >> thank you. >> how do you view this? >> i think it's hanging over the white house like a speck to spe. i think it's added a new element to this. it's moved beyond simply a political collusion investigation. did the kremlin collude with the trump campaign to tip the campaign into trump's favor. >> and so you have reported on that. this is interesting because when i was out in the primaries many of his supports said they loved that he wouldn't owe anyone that he would be different than politicians. >> and drain the swamp. >> they were more saying his ledger and people he would bring in, they wouldn't owe anyone. your rorgt seems to suggest the opposite. >> it is built on the soldiers of a lot of great reporters. but when you connect these dots you have a property to a skyscraper that's a jewel that is staggering under unmanageable debt. they begin having tal

. >> tim o'brien, always a pleasure. thank you very much. >>> let's continue on. top of the hour. i'm brooke baldwin. breaking news today. jeff sessions will testify in public tomorrow in front of the senate intelligence committee. as a multiple investigations into ties and russia and trump associates are moving forward. this comes after of e questions swirl after the sworn testimony from james comey that the president made the attorney general leave the room before he suggested comey let go of the investigation into former national security adviser michael flynn. comey saying he went to intervene, wanted sessions to intervene, but sessions did not. the white house responded moments ago to whether or not jeff sessions may invoke executive privilege tomorrow. >> do you believe he should invoke executive privilege. >> it depends on the scope of the questions. to get to a hypothetical at this point would be prema sure. >> in any way did jeff sessions or folks at the doj ask for the white house's permission for him to testify publicly tomorrow? >> i don't know. congress sets whether a

. >> with any reporting from tim o'brien proves russia money pouring into the trump properties, and sourceslose to putin, if that reporting provesn out, then we are left with the question of why did that happen? why was money connected to putin pouring into the trump project? why did they do that? >> sean: you know that example is nothing compared to the other unhinged completely insane things that nbc and rachel maddow are saying night after night, day after day, you're just a couple of her craziest conspiracy theories. you are going to left us, take r look. >> just last week reuters reported on 18 new previously undisclosed contacts between the trump campaign and russia officials.s. including the fbi looking into a russian citizen in conjunction with one of the incidents on the trump campaign last year. maybe he is not as terrible as he says. all of those little things might be true, okay, that would be interesting to know, i don't know that it would change the world, but what would is if you know, russia was interfering inw the election into they were not doing it on their own. he was in

here's tim o'brien. >> there's no other way looking at this. in fact, i see this opinion here lifting the stay, allowing the band to go forward as most of those tools apply. as a blueprint for the decision later today. this will get argued again on the merits, fully the first week of october. i decision sometime in december or january, but whatever they say will closely model what they say here. >> the ruling accepts for nationals who have blood relatives here. the administration says it will take effect in 72 hours. time to abort the chaos. is associated associated with the original band when so many were left stranded. the high court's decision as you can imagine jen was greeted with partisanship. the chairman said this about this. it reaffirms congresses and the president's constitutional authority over our nation's lawful immigration system. while the head of the democratic national committee, tom perez, tweeted this. we do not let pages shut the door progress. we will fight this every step of the way. also, the supreme court today, big fig

tim o'brien is the author of the biography "trump nation", the art of being the donald.o talk to me about that experience and how he admitted to lying. >> he admitted he had to acknowledge 30 lies on matters big and small. he acknowledged he lied about his ownership stake in a major development on the west side of manhattan. he acknowledged he lied about how big the trump organization was. he acknowledged he lied about how many debts he had and about his wealth. he acknowledged lying about needing to borrow money from his family when he almost went bankrupt. he lied about the fees he got for speeches. >> so big and small lies, it all came out. >> and the problem in our deposition was my lawyers were very well prepare d. and they had documentation. e we had business records, banking records, receipts for payments, et cetera. so we simply put questions in front of him that he had to answer that ran contrary to this long history of in public. >> the other thing you have dealt with is the tape issue. you didn't then donald trump say -- what did he say? >> when we'd speak on

. >> tim o'brien, we're going to have to leave it there. thanks for joining us. >>> coming up, a former homeland security official told congress today that russia tried to interfere with voting in 21 states. and the president's son-in-law did not tell the truth on his application for a security clearance, so why does he still have a security clearance? and what did jared kushner think he was doing in israel today? [ intense music playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. he's happy.t's with him? your family's finally eating vegetables thanks to our birds eye voila skillet meals. and they only take 15 minutes to make. ahh! birds eye voila so veggie good and you're about in to hit 'send all' on some embarrassing gas. hey, you bought gas-x®! unlike antacids, gas-x ® relieve

tim o'brien is the executive editor of bloomberg view and the book is trump nation, the art of beingow in new york. you were a long time ago my editor at "the new york times" on a few stories. at that time, you were dealing with this lawsuit. >> i was. >> this defamation case. you prevailed in the case, but what did you learn when the now president was under oath? >> that his loose association or relationship with the truth becomes problematic for him when he's confronted with documents that are contrary to things he said over the year publicly on a wide range of issues. in our deposition, it turned out he misrepresented how much money he got for speaking fees, he misrepresented how briskly his condos were selling, how much money he borrowed from the family estate when he almost went personally bankrupt, on and on, issue after issue. i was fortunate to have a great legal team that simply let him walk in that trap. he said x publicly and we presented him with documents that were contrary to that. >> let's look at an example from the depositions. it starts with saying have you ever not

speak with any reporting from tim o'brien proves o russia mony pouring into the trump properties, andrces close to tocqueville putin, if that reporting proves out, then we at with the question of why did that happen? why was money connected to putin pouring into the trump project? this proves out, but then sheh goes to, why what they do that? you know that example is nothing compared to the other unhinged, completely insane things that nbc and rachel maddow are saying night after night, day after day. you are a couple of the craziest trump-russia conspiracy theories. you will lovee this. >> just last week reuters reported on 18 new previously undisclosed u contacts between e trump campaignwe and russian officials.ti the fbi is looking into a russian citizen in conjunction with one of the incidents on the trump campaign last year. >> maybe he is not as terrible as he says, under audit, all those little things might be true, okay, that would be interesting to know. i don't know that it would change the world, but what would is if russia was interfering in the election, and today weren't

past statements that were either exaggerated or false. 30 times according to the book's author tim o'brien cnn's brian stelter. >> and i was fortunate to have a great legal team that simply let him walk into that trap. he said ex-publicly and we prevented him. >> reporter: there's the story how much he was paid for a speech 2005. you got a million dollars. >> a speech? yes. >> for the learning an ex- >> yes, that's true. it's actually more than that. >> but under oath trump said it was actually less than half of that. $400,000. in the book trump told o'brien i had zero borrowings from my father's estate, i give you my word. i think a small amount a long time ago like in the $9 million range. >> back when the art of the deal came out he spoke about truthful hyperbole, people he had met, how much money he had, how successful he was and he's never -- we had decades now of trump frequently lying or exaggerating about a wide range of things. >> reporter: including about secretly recording conversations which he told o'brien he did but in the deposition trump said, i'm not equipped to tape recor

president as we know from past history, so there's a lot and the president as you said when suing tim o'brien who wrote a book about him, unauthorized biography was caught in some 30 lies in the testimony that he shared. so this is a problematic area for a president who not only has gone through this, but is himself as we though, anybody who has worked in the business news world knows that the president himself has leaked stories to many of us over time as a source close to donald trump says he being the source. some of us have personal experience with this. the fact that he's calling out james comey as a leaker of nonclassified information, which is not a crime by the way, is at least at the very least ironic. >> i want to talk palace intrigue and the president stepping on his own narrative. ron mentioned fair-minded people. there are fair-minded people inside the white house saying not again. last week was infrastructure week. the president mentioned it, it seemed like not until thursday. here we are workforce development week, his own daughter ivanka trump trying to talk about this morning

david: thank you very much keith parker of barclays and bloomberg's tim o'brien.loomberg terminal, check out tv . you can watch us online, click on our chart and graphics, and we will do our best to respond to comments and questions. go to tv on your bloomberg. after all, this is bloomberg. ♪ ♪ is bloomberg. i am david westin. attorney general jeff sessions will be testifying this -- before the same senate panel james comey faced last week. he will be grilled on his role firing the fbi director. we will bring the testimony live -- 2:30 p.m. today. that is wall street time. joining us is kevin cirilli. give us a sense of what jeff sessions will address and what he is not going to address. kevin: he is going to address how many meetings he specifically had with russian officials. there is some discrepancy about how many meetings he had, if they were all disclosed. there are reports that in the closed briefing with fbi director james comey there could have been meetings that were not disclosed. he will also address the relationship he has with the president

ofles quarterbacks top this year's hall of >> cunningham was a three time pro bowler and boone, tim kerr, o'brien the army navy games. >> some g looking to adopt a pet this is the weekend to do it. take a look at these adorable faces. get the details and meet twoupp good homes. >>> well, storms could be a pr it's going to last into the weekend? i'll have your father's day i'll have your father's day forecast just ahead. ♪ i'll have your father's day forecast just ahead. come to sesame place before dress up, turns to make-up. and tag becomes hashtag. before furry hugs, become first loves. come to the only place, that makes little hearts race. now, the earlier you buy, the more you save. only at se sesame place >>> people are dying from drug overdoses throughout ourfore. in new jersey alone about 1,600 people lost their lives in 2016 from drug s. our next guest shared a touching public service announcement th appeared on television last month. >> this is my firgs mother's day without my son. foat this was overdose. how couldhidays before christma. he was just 23 years old. help families like hers w

bloomberg terrific piece by tim o'brien that talks about the partnership between the future president and his two eldest children, donald jr. and eva ka on a series of real estate deals between 2002 and 2011, the most prominent being the troubled trump soho hotel and condominium in manhattan. bay rock during the years bay rock and trump did deals together the company was a bridge between murky european funding and a number of projects in the u.s. the president led his name for handsome fees and he testified under oath in 2007 in a deposition bay rock brought russian investors to trump tower to trump's office to discuss deals with moscow saying it's ridiculous i wouldn't be investing in russia. russia is one of the hottest places in the world. felix sater from bay rock, now drawn into this, tell us a little bit about him, david k. johnson. >> we've written a great deal about felix and the russians at dc report and other forums. is he the russian born son of a man the reputed head of the russian mob in new york, a convicted violent felon. he ran a $40 million stock swindle and got a get

we will come back with tim o'brien and address judicial matters of this administration.inancial and equity perspective throughout the hour. 1:00 p.m. this afternoon, scarlet fu leading coverage, the fed decides. on the professor tom carnegie million. this is bloomberg. ♪ tom: "bloomberg surveillance." francine in london and tom keene in new york. the professor from harvard law, here he is on the update of the night circuit approaches high risk when the president is acting under the authority given to him by congress, executive power is at its maximum under president derived from the legendary robert jackson's opinion in 1952, youngstown sheet and tube. that is diminution you get into -- the minutia you get to the where are we on the travel ban and do you assume it will be fought in the courts and the president will lose? >> the president intends to take it to the supreme court and it depends on what his advisors tell him to do. he has himself into trouble like tweeting about this because it shaded how the courts looked at this. they saw him as crafting this in a discrimi

o'brien is here, the author of trump nation. cnn legal analysts page paid and mark geragos. good evening to all of you. timart by playing what the president secretary sean spicer said today when he was asked about the russia investigation. here it is. >> our job, we are focused on the president's agenda. going forward all questions on these matters will be referred to outside counsel, marc kasowitz. >> he was referring to the attorney that the president used in the past, in a lawsuit against you, which he lost. tell me about him. >> well, mark had no experience in lie bell law when they sued us. and there was a number of tactical errors during the case. i had very good attorneys. i was with the "new york times" at the time. i had "new york times" in-house counsel, david mccraw advising in the backgrounds but then i had three crack attorneys. and they ran circles around marc kasowitz' team. i think the issue that raises now is the president has leaned back into his comfort zone and hired somebody who is has never defended someone who is the subject of a congressional investigation and mired in a special cou