lemonis: hey, tom. tom: hey, marcus. wanted to go over that tailgate trailer that you guys were working on. tom: yes. lemonis: with the waycross facility getting sorted out, i wanted to head back to tampa to see what tom and nancy were working on. i gave them the task of coming up with a new product, and them working together is important to me. tom: all right, let me pull up the file here. lemonis: and so, did you do the sketches on these? tom: yeah, i did the sketches on these. i did a -- nancy: hey, guys. lemonis: what? amber: i can't get past your khaki pants. [ laughs ] nancy: hey, do me a favor. walk through the shop there and grab the guys, okay? real quick -- i want to go ahead and pass this out and let everybody take a look at it, okay? and then we're gonna go into some [bleep] right now. you see, this is a customer-service order. there's an imaginary tammy that works for this company in one of our dealers that he will not allow me to meet! whose phone number is tammy's?! whose number is this on tammy's piece of

i called tom. i told tom that the door was locked. call his mom and get back to me. >> according to schrauben, tom called back within minutes with a backup plan. >> he said his mom would go out that night and it needed to happen tonight because his mom can't take anymore. he said, if we didn't do it tonight his mom would do it. >> so they returned that night about 9:00. schrauben dropped t.j. off and drove around while his friend snuck inside and stabbed jack to death. >> we had walkie-talkies. he called when he was done and told me to pick him up. he had blood on his legs. we looked for a place to clean himself up. i believe it was a del taco with an outside place to clean up. >> the information he provided, if we could corroborate what he said would blow the case wide open. >> police questioned his friend, he said he didn't kill jesse. so he was allowed to walk. investigators focused on building their case against tom and sandra by documenting money transfers, phone calls, air travel. >> when you added it all together, what did you

tom: neil?ng to ask the question, do you think there is a threat that more tariffs come due at the end of the year? do you think there is a risk -- starts moving out of china? tom: a really important question. wel: what is the risk that stop making iphones in china? jonathan: we're going to start seeing a modification of their value chain. has reallyue chain deepened over the last couple of years with all these components moving into china. that effectively reduced the level of trade in the chinese economy. we will start to see what you are saying, some of the labor-intensive parts of that value chain are moving out. tom: this goes back to the wonderful leadership of the urban china initiative. the labor arbitrage dynamic. discuss from the major cities on the pacific rim versus moving to vietnam or myanmar. jonathan: we can chart trade flows around oceans and ports. commerce.ways of any place that has reasonably reliable infrastructure, a decent deepwater port and a ready and able workforce gets

with the tom. tom. tom. tom. tom. long the belongings . you. know here. today. i just saw so much. this is a very weird cover up you like. the monsoon. climate. crisis. joining. us. oh. come on. sunshine do you plan. to meet me needs to. respond. to your claims. coming along good. luck. tom useless. man. mum. mum. mum mum mum. mum mum. mum i'm not. gonna. lose good. mom. long. the ma. ma love. the long displayed lug. oh. this is. i. this thing so is only single or if you know how kissing. her. good morning tom we were a lot longer her. ranges lifeless body. bags lol. i'm sure some of the moves were odd because we planted some warm clothes. you blame law firms or law. good charlotte. storms slows a. storm you suppose. you have heard live like they were ringing in church. the last poll. the sun. her mom. her mom. model cars. her mom ah but. not every being a last week. i am. constantly from the to be. told of a little old. slow slow slow. slow slow slow. laws if you really. love the legal slam. dunk mug. player play the ball up. the last. place. all the same chances are mom. lost. ca

tom: no. on my view i would like us to make a strong case and let everybody see what has happened here. that is probably one of the administration's ideas, shake it up a little and let them know that we are serious and get on with it. but people have asked me, suppose china tells everybody to go fly a kite? which i don't think they will do that. they have their own challenges right now. but if they were to do that, for the purpose of us stop paying for this, you could just as easily say you cannot import that to the u.s. right now. that gets people's attention. of course they do the same thing on the other side that would get our attention. but i just want you to know. remember, i said for the record that understand why the administration is pressing on china. the chamber has very long-term -- very constructive relationships with the chinese but we absolutely agree that the needs to be pressure on them in -- on the weather handling their side of this trading agreement. >> if you look the areas

tom: thanks so much.ery from the koreas, a stork moment for korea or any of us of a certain vintage. truly unimaginable years ago. this is in seoul, korea, as the two leaders meet. it allows us to rip up the script with kevin cirilli. i have an outline, but kevin cirilli was in singapore with president trump not too many months ago. by any definition away from the distractions of washington and the election come in this is a huge victory lap for the president come isn't it? kevin: it is. the politics of north and south korea showing itself. if you look at the polling in south korea, kim jong-un has a higher approval rating than president trump. , includingrump within the last week, has spoken about the positive relationship korean peninsula. his critics would argue there aren't enough concrete developments with regard to denuclearization. wheni have to go to 1969, sentiment change, redford and newman. i am unsure if you have seen this movie. newman, butchnd and sundance become rattled as they realize they

tom: exactly.e yesterday with the line above administration officials for the president as he spoke about drugs with ambassador haley at the united nations. just think, tomorrow is wednesday. we are going to come back with george. coming up later, an important conversation. we will look at america, china and it is convergence. michael spence in the 6:00 hour. stay with us from new york. this is bloomberg. ♪ taylor: "bloomberg surveillance." this is -- this is "bloomberg surveillance." the founders of instagram are leaving facebook. there have been growing tensions between them and mark zuckerberg over the direction of the photo sharing app. zuckerberg is now more reliant on instagram in the founders were frustrated with his growing day-to-day involvement. payday willch's increase. he was already in line to receive billions in cash and billionrom disney's $70 offer. the knockout offer has sent sky shares soaring. bank will consider possible deals after it finishes an 18 month period to improve profi

tom: thank you.tial tweet about the equity markets and this is political optimism. any president would do this. congratulations, the united states of america. through this market, one of the great optimists has been peter hooper of deutsche bank. his theory is grounded in economics. his application of theory has been one of optimism. are you still optimistic and is for next yearall a better than good economy away from the gloom they we go back to 2%?- that we go back the fiscal stimulus is going to last into next year. financial conditions near the high point in terms of support. toare looking for growth continue in the 2.5% to 3% range next year. it will begin to slow after that but that is good news. the fed has to get the unemployment rate accept to avoid a recession. -- great backup to avoid a recession. we think they have a good chance of avoiding a soft landing from unemployment. why the first time? i have not heard this phrase in ages. soft landing. why is this time different? peter: take a lo

tom: thanks.day, with futures up, dow futures up, unchanged and the curve flattening. , 14.67. and thebond moves out, dollar-remnimbi, weakness. indian rupee, 72.40. francine: stocks mixed at the start of the week. european shares, u.s. futures rising. investors trying to figure out the prospect of an escalating trade war with china. recalibrate away from international relations with what do you do with your money? chris grisanti looks that value. he avoids that the value traps with his portfolios. where is the trap right now? technologyink that is starting to tread water, face a headwind, i think it is going to be harder to make money in those winners of the last two years than if you look at the folks that have lagged. i think cash is always legitimate. do nothing is not a bad program sometimes. tom: is right now a good time to do nothing? chris: every time is if you are not sure you can make your rate. what we're looking at now is cautious, plunking down money for three to four years from now.

tom? >> all right, victor oquendo for us tonight. victor, thank you. ginger zee has been tracking tropical storm gordon all day. ginger, take us through the track of this storm and the timing, and your biggest concern tonight. >> reporter: my biggest concern is rain with this system, tom. and we see the center of tropical storm gordon just west of the peninsula of florida. so, the heaviest rain falling tonight from naples to ft. myers. you could see up to eight inches. but this thing is going to race to the west-northwest and move through the gulf, intensifying, could become a category 1 hurricane before it makes landfall late tuesday night, more likely early wednesday morning. the heaviest of the rain going to fall somewhere there between gulfport, biloxi, mobile, somewhere in there. the storm surge maximum three to five feet. winds will gust above 75 miles per hour. by the time we reach wednesday night, it will have already made its way well inland and the moisture will mix and already i

tom: the economic war.an browse recent charts, use them, make them better, send them back. this is "bloomberg." ♪ francine: this is bloomberg surveillance. let us check in on what is trending. tiger woods is back. the 42-year-old has won his first tournament in more than five years. this could bode well for sponsors such as nike. could the u.k. opposition be closer to endorsing a second brexit referendum? jeremy corbyn would prefer general elections but will be bound by the decision of the labor party. they will debate the decision tomorrow. our most read stories, jpmorgan sees market risk from overconfidence. in second place, the second round of u.s.-china tariffs. opec gives a tepid response. bloomberg spoke exclusively to the russian oil minister and he told us that his country has capacity to boost output. terms of the short-term potential, a couple of hundred thousand barrels. lot of it depends on overall policy of the country and the stimulus which we will be ready to give. these are being discussed i

tom: great update.1 years as mayor of chicago and it is interesting to see, mr. daily come in here to run for mayor. a conversation with william today.f chicago an important conversation, ever more important. . -- this is "bloomberg." ♪ francine: this is "bloomberg surveillance." speakingdame lagarde with philip hammond about the consequences of a difficult brexit. she has called for the u.k. prime minister to strike a deal with the european union. let's get back to shahab jalinoos. there is a multitude of outcomes in these negotiations. my previous guest said there are seven or eight. what does that mean for the pound? shahab: what we are seeing is an attempt by the government and the commission to bully the market into believing they do have a plan and that there will be a deal. planned in that are the months ahead are a testament to that. given that the market came into this phase short pounds is creating upside pressure for the pound. the question is what will happen in terms of confidence that what

tom: thank you. goes perfect with tonight's interview with jeffrey bezos and david rubenstein. really interesting ideas on courage. francine: courage is something that resonates with all of us. we speak to chief executives and to bring theut how next manager up. tom: all the emails from the control room. no screaming tomorrow, just delegate to just relax. imagine it forward. good morning. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. ♪ alix: danske's dirty money drama. ole andersen.rom china to the world, we won't weaponize a currency. ruled out.an companies fear retaliation. we talk to the economic council of advisors. j.p. morgan says cut u.s. stocks and by emerging markets. the latest analysis saying the sugar high from tax cuts will fade. david: we

tom: so important here. gathered, and particularly the body language i noticed at the u.n. lunch afterward, is mr. trump considered a one-off? do they look at this as just a trump moment and the skies here? -- disguised here? leakedhe assembled a look at some sort of permanent here to u.s. policy? there is very much a high level of concern you are seeing that this is truly a structural change. it is not a cyclical change that we are seeing. we are seeing something much more fundamental going on. that is why you're seeing such a stronger bottle of what trump is articulating among leaders. they are concerned that what you are seeing coupled with what you would say is the rise of nationalism and parts of europe, not just in the u.s., that you are seeing political change everywhere that many parties and governments are going to have to deal with. tom: this is the heart of the matter, this phrase, globalism. give us an update on globalism. you are the one with all the fancy parchments. what is globalism? leslie:

tom: mr.t said he is doing better, but what have you learned about the democratic party's future from this election? kevin: it is fascinating to watch governor cuomo struggle. he maintains a solid lead in the polls. the fact it is getting as close as it is really shows how activism issues can propel a candidate to make a race close. -- we are seeing that in new york, but we are seeing that in various races, in boston as well. those issues as we head into the 2020 cycle, especially new hampshire and iowa, it will be fascinating to watch a primary or caucus cycle. candidateential really tries to claim the mantle of being the activism candidate. tom: thank you so much. greatly appreciated. us.guests with adam, if we could turn to trade. and on andt-for-tat on and on. it is not linear. it is quadratic. at some point it's going to get ugly. are we there now? >> not quite. i would like to say for political purposes that the terrible trade policy will immediately hurt people. it will not hurt enough

tom: thank you so much. smooth guys and the nerds. coming up later today, you know the lehman chat. coming up, the cantor fitzgerald president. 11:00 hour this morning. stay with us worldwide, it is "bloomberg surveillance." ♪ tom: good morning everyone. francine lacqua in london. jph her is robert michael of asset management. united states the economy. we have got to get ready in 12 days for a fed meeting. just a few on interest rates. there is so much noise. turkey this, indian that, where is the tenure yield -- 10 year yield? can you own bonds today for price higher, yield lower? bob: i do not think you can. there is more room to the upside on the fed funds rate and we are think they're headed another 100 basis points. they're going to ramp up the balance sheet runoff. you'll got the ecb cutting its balance sheet expansion. all of those things have created a lot of buying in the long end of the market and they're going to dissipate as we roll into next year. there you go. we appreciate it. wet i find fasc

tom. tom. tom plane the be . you. claim what. i just saw so much. this is a very weird cover how do you like. the monsoon. a handsome horses i'm enjoying. this is nonsense. oh. come on. sunshine superman movie. leads to some. juicy flame. lol. playing. a long good. long. kong useless. mum. mum. mum mum mum. mum. mum i'm not. going. to school. long. mum mum. long displayed legal. oh. come on. this is. business so it was only single theory if you know how kissing. her. good morning mom knew we were locked. up her. cancer ranges moved from block. to me lol. i'm trying to serve as a rod is refinancing gold because. you make me modern sadat. good strong. storms loads of. storms storms. would have hurt. my day we're bringing in st. augustine told. the sun do you. love you mom. good luck. mam. ma blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah. blah everything. we. have. constantly reminds me. to a little. slow slow slow. slow slow slow. laws to induce her to. love their religious. holiday

tom: guy johnson in london and i'm tom keene in new york.with stephanie baker, bloomberg senior writer. we could go to hours on what's going on in washington with the back-and-forth. has nothington post" one but two columns on bob woodward on the front page with his new book. woodward ony of bob presidential gossip and conversation and the timeline. at the same time, we've got may mueller here and there. your expertise is on the process that gets the special counsel/ do you as. do you expect something from mueller soon? we had reports overnight that mueller is looking to get in written answers to questions on the whole issue of russian collusion , but he has not ruled out pushing ahead for a sit down interview with trump on the whole issue of obstruction of justice. i think this is his attempt to keep front talking and move the investigation on and avoid a lengthy battle that could drag on well into next year. for the moment come i doubt we will see anything huge until the midterms. tom: i thought of you as well. would you explain why a spec

tom: we will continue with this.tleman who spells his name differently than i do. he is the former governor of new jersey. as we remember september 11. ♪ francine: this is bloomberg surveillance. k, -- u the chief brexit negotiator said a deal. if -- we areat able to reach an agreement on the first date of the negotiation. it was an six or eight weeks. francine: with us as eric .ielsen when you look at the brexit went toions, we suddenly, we can find an agreement and eight weeks -- in eight weeks. what does that mean for what we are going to end up with? >> i do not think that is what you discussed in your book. this is the phase of chaos. i think what is happening is in a europe, we always come to some sort of agreement. out, you have to get it around that time. all we are talking about is avoiding a hard brexit. mencine: are you telling that we talked down expectations to a level that will be taken by the markets to something positive or is it going to be where the rules are so aligned that is not going to be that

tom: i will go to you.ent from 90 to the fate that we have seen for the last x number of years. has the european banking system clear the financial crisis? have they actually cleared the system that mr. ackerman was talking about? >> i do not think they have. i find it extraordinary that german bankers talk about the anglo american crisis. the little banks had all got themselves involved in the global derivatives. there is a complacency at a little bit of arrogance. there is also collusion. tom: is the complacency still there? i think they are all very concerned and worried. they have been playing with massive asset management funds. along and swapping the assets. central banks should not be doing that. they should be managing and regulating and not supporting them. did steve -- did steve stand up and leave? francine: he will if he keeps on being interrupted. look stephen at the -- when you look at the systemic risk, where is it? do you think central banks are on top of it? people are saying central banks g

who --nt and ceo tom. tom on hugh and neil bradley. donahue and neil bradley. welcome to both of you. now for some biographical background. mr. donahue grew up in long island. before joining the chamber in 1997, he was deputy assistant ,ostmaster general of the u.s. and before that vice president of development at fairfield university in connecticut. he served 13 years as president of the american trucking association. mr. bradley is a native of oklahoma and a graduate of georgetown university. before joining the chamber he was president of policy andtions, a resolute -- before that he spent 20 years on capitol hill. he worked for two house majority leader's, as well as republican with roy blunt. topas named to roll calls staffers. thank you all for coming. , vice president for communications at the chambers of commerce. we are on the record. please, no live blogging or tweeting. no filing of any kind while the breakfast is underway. there is no embargo when the breakfast ends at 10:00. we will be no pictures of the as soont to reporters as we wrap up. if you w

tom?> all right, gio benitez starting us off tonight. >>> and millions bracing for the bad weather gio just reported on. let's get right to abc's chief meteorologist ginger zee with the forecast for the weekend. hey, ginger. >> reporter: unfortunately, not looking great, tom. lancaster, pennsylvania, for example now going to have their wettest august on record. that's what you get when you have rainfall rates in the two inch per hour category. flash flood warnings in delaware and in southeastern pennsylvania. it's all laying along the stationary front, stationary meaning not moving much. so that is not good news when you're talking about heavy rain. flash flood watch in wisconsin. close to 15 inches this week, and they'll get another 1 to 3. 3 to 5 in southeastern florida, where the tropical wave in the caribbean will move westward. shouldn't become a storm. florence will, but it should however stay out to sea. >> ginger, thank you. >>> also tonight, dramatic new images of the explosive ta

tom want with a fellow slave, so simon takes it from him and whips tom. yes, master, said tom. i am willing to work night and day while there is life and breath in me, but this, i can't feel right. and master, i shall never do it, never. this is what he says. the book closes with the brutal guyer of this overseer, a named uncle tom. do you guys think this is a partial track to convince people that slavery is wrong? how do you suppose southerners respond to this? >> first of all, they are inspiring other slaves to start a rebellion. >> could be, yeah. they are angry they are being mischaracterized. if you are as slave, a slave owner in the south, you don't want to be known as someone who brutally murders their slaves, do you? so is this a little exposition may be? are southerners going to read this book to see what the fuss is about? yeah. they do read it. in fact, southerners will write responses to this book. writinganecdote, beyond the responses and saying we are kind to our sites and do good things and never with them or heard them, this is one story that stood out to me. i

tom: thank you so much. quiet out there. turkish lira weaker. that new strength and pound sterling. us.ng up, david haro joins from milan, from new york, this is bloomberg. ♪ sebastian: this is "bloomberg surveillance." shares of pandora are rising. capital are among the investors that could be studying the product. the billionaire founder of japan's second largest e-commerce company will be the first paying passenger to fire on the moon. he will be on board a rocket built by spacex that is expected to blast off in 2023. the spacecraft will make a week long loop around the moon. no word on what he is paying. francine: thank you so much. investors appeared to be staying the course. for more on this growing confidence, we are joined by david haro. you, and of course only were on the panel together where we were then joined by the finance minister of italy. he tried to allay market concern, but how is he going to fund it? is a going to be anxiousness in the markets? ,avid: that is the question financing it. the

[applause] [applause] [applause] >> a lot about tom and we thought it would be polite if we let tom say a couple of things. let me just say, i remember you telling me once that you and lee agree he would never appear with microphones without one another. so i appreciate the indulgence tonight, but lee is watching. so, i think we will have to behave ourselves. i have a couple of questions. i want us to think about you and lease partnership which is pretty remarkable. it is quite powerful, you seem to have drawn strength from each other, certainly in my interactions. but my understanding is you did not really know one another when the 9/11 commission began. so my first question, was it mutual admiration at first sight? what was it like when you are brought together into this incredible moment? >> i cannot imagine the first item he was admiration. but, i had no only by reputation. we had maybe shaken hands but that was about all. we met for the first time, we were both second choices. the first traces were henry kissinger and senator mitchell. we both agreed that neither would have got alo

tom? >> victor, thank you. >>> and there are states of emergencies all along the coast. the flooding showing no mercy. our crew flying with customs and border protection, surveying the damage. eva pilgrim with the view from above. >> reporter: tonight, the devastation of hurricane florence from above. entire towns under water. people using boats to get around. heavy rainfall and the storm surge leaving neighborhood after neighborhood surrounded by high water. we went along on a helicopter mission. this storm is dumping an incredible amount of rain in this area. this home surrounded by water. these boats thrown from their docks found near railroad tracks, even washing up in wooded fields. >> right now, we're on a search and rescue patrol. so, we encounter anybody that needs assistance, we'll assess the situation. >> reporter: farther south in wilmington, cars filling flooded parking lots. today, governor roy cooper flying with the coast guard to survey the damage. warning residents of the f

>> tom: it's a bit of a mystery. my guess is that somebody who had access to the letter who may well have time to this release and this disclosure for political purposes. they saw that the cavanagh nomination was moving ahead, and they make a strategic decision to put her name out there, pushe story out, and it has put us in the somewhat extra dairy position that we find ourselves in today. my view is that she should come to washington and testify. i think that the senate to the right thing in delaying the hearing to afford her a chance to come to washington next week, and to tell her story. they have offered her the chance to testify publicly, to testify privately, or even go to california to interview her. my view is that i think it's important for her story to be told, and she deserves to be treated seriously and with respect. but, i don't think she has the right to essentially dictate to the senate how they run this process and how they should fill their advise and consent to function in terms of staging things,

tom keene in new york.u look at currencies falling and emerging market space, i'm also looking at italy and the spread between spanish yields. tom: wonderful to have george saravelos with us. this screen is wonderful coming up. some 664sh lira, just out 26 71. that is maybe in the last half hour. francine: it certainly is. this is what i am looking out. it is a little bit of a risk off mood. let's get to straight bloomberg first word news. president trump faces new hurdles in his fight for canada to sign onto a new nafta agreement. the president has threatened to leave canada out of a new trade to with mexico, but without congressional support, he lacks leverage to force canada to make concessions. talks resume tomorrow. warningt trump is the syrian president. the president tweeted that assad's russian and ukraine allies would be making a great mistake. he says hundreds of thousands of people could be killed. it is another blow to deutsche bank after years of losses. the lender is being dropped from the eur

tom: are uber drivers robotic?ay, the further atomization of the american labor force? is it occurring because of technology? i don't think robots are going to replace uber drivers, but uber drivers may ultimately unionize and get the pay they want. and other problems the sharing economy creates, like the traffic in the case of uber. tom: did you notice the traffic in new york? francine: do we fully understand what driverless cars have on the economy? think we are beginning to understand. we touched on tesla before, which discovered that it could all of itsze manufacturing operations. that there were important aspects that could still be done much more efficiently by human hands than by machines, and i think that remains the case in a variety of other sectors as well. francine: this goes back to populism, or governments now thinking of how they can help the ones that are displaced, because of the technology advancement? >> governments need to think about how to get people the skills and training they need to compet

lee and tom were once again asked to serve their nation. they were charged with leading the 9/11 commission to evaluate what had happened and how we could prevent it from happening again. under their leadership, the commission delivered an unflinching and bipartisan analysis of what went wrong. in many ways, the final report contains valuable lessons and important historical information related to terrorist activities in the decade prior to the attacks that remain relevant today, to today's threat environment. they offered recommendations that provided the basis for reforms of our intelligence and national security architecture in 2005. this included the creation of the national counterterrorism center and the office of the director of national intelligence. little did i know at the time that i would one day serve in this position. the intelligence community that i have the privilege to lead today is the result of lee and the result of tom and that commission. that decision, now, 12 years later, has left us with a more integrated, more capa

what do you want tom to do? he wants to have him whip another slave. this is what tom says. i bigg beg master's pardon. it's what i ain't used to, never did and can't do. no way possible. he is saying i can't do this. i can't whip someone else. and lagree responds. we've got jesus, and uncle tom and the devil in this lagre, responding you learn a pretty smart chance of what you did know. he struck tom a heavy blow across the cheek. and followed up with an inflicks by a shower of blows. so putting his hand up to his face to wipe blood, i am willing to work night and day and work where there is breath in me. but i can't feel right. and i ain't never shall do it. never. this is what he says. so the book closes with the brutal murder of this over seer. a guy named uncle tom. how do you feel southererns respond to this? >> they're angry right? so is this exposition, maybe? are southererns going to read this book? to see what the fuss is about? yes? they do read it. they do and will write lots of responses to this book. beyond writing responses and saying we're kind to our slaves

if there's a crash -- leland: tom, tom -- >> it's going to be a disa disar for trump.ational debt nearly doubled under president obama. i don't think democrats can talk about putting things on credit cards. >> he put on the budget george bush's tax cuts and his wars. george bush has two wars that he brought us into that he didn't put on the budget. we know where the deficits came from. it's not a good thing. republicans are behaving irresponsibly to get the sugar high to get us through the midterm elections. >> who are the biggest stars of the democratic party. >> there's no such thing as a democrat party. i realize joe mccarthy said always call it the democrat party. it's the democratic party. it's the name of the party. >> democratic socialist party, which bernie sanders and ms. ocasio-cortez -- >> it's the democratic party. >> they want to be democratic socialists, do they not. >> it's the democratic party. leland: chris, you're making a substantial point here. how do republicans shift the argument from president trump's personality, which even mick mulvaney agrees

tom kean and richard bernice e. bob terry, brent fielding, john lehman, jamie ghirelli, tim roemer, jim thompson, they were just superb to work with short of them contributing significantly to the work and the success of the commission. the members of the commission joined me in recognizing the families of 9/11. they turned their grief into constructive and positive action they used it to push us, for answers. they were supportive. they were critical at times but always valuable associates as we pursued our mandate for finding the facts and solutions. tonight we remember their loss, heartbreaking as it was and we honor their particular courage and their marvelous reaction. they have turned it into a singular service for the united states of america and to the welfare of its citizens. in the 10 years that tom and i have worked on projects at the bipartisan policy center, we have accomplished a great deal but he and i have come to appreciate greatly the bipartisan policy center. we live in a time when people are worri

tom: i'm tom mackenzie in beijing. i will china respond to another blow from china? -- from president trump? david: will they use the currency as a weapon? formal that simply be a byproduct if and when we approach that? last 60 minutes of trade and hong kong, we are approaching a lunch break which coincides with the end of the public common period. that's the line in the sand. anything can happen. they may announce something. they may not announced something. we flesh into the details. as far as equities, this is the picture. down for a seventh straight session. the biggest weekly drop going back to march. we talked about that. in terms of where the money is going, uncertainty there. we're seeing assets bid up. southeast is a bond yields continue to push up. part of that might be these acute stories. inflation in the philippines, currency an issue in indonesia. equity futures pushing down. with the exception of china equity market. we'll talk more about where we go with that. nfci 300 quite cheap. let's change this along. have a look at this one. obviously, chinese c

tom for this position. as i said in that letter, kip has more than four decades of domestic and international experience related to food and agriculture and is uniquely qualified. so i'm glad that you're

tom? >> eva, thank you. >>> now to the heavyweight bout between former president obama and president trump. the two taking aim at each other as they campaign, less than two months before the midterm elections. former president obama urging voters to restore some sanity to our politics. vice president mike pence calling the comments very disappointing. here's stephanie ramos. >> reporter: president obama back in the spotlight. >> in two months, we have a chance to restore some sanity in our politics. >> reporter: as the battle for who controls congress heats up ahead of november's midterm elections. >> we have the chance to flip the house of representatives and make sure there are real checks and balances in washington. >> reporter: for the first time since leaving the oval office, obama now pointing to his successor. >> sometimes the backlash comes from people who are genuinely, if wrongly, fearful of change. it did not start with donald trump. he is a symptom, not the cause. >> reporter:

. >> alfonsi: a responsibility owed to soldiers, like 34-year- old sergeant tom bates. >> sergeant tomwere struck with a large i.e.d. it was a total devastation strike. >> alfonsi: bates miraculously walked away from this mangled humvee, one of four i.e.d. blasts he survived during deployments in iraq and afghanistan. do you remember feeling the impact in your body? >> tom bates: yes. >> alfonsi: what does that feel like? >> tom bates: just basically like getting hit by a train. >> alfonsi: and you were put back on the frontlines. >> tom bates: yes. >> alfonsi: and that was it? >> tom bates: uh-huh. >> alfonsi: when bates returned home in 2009, his wife libby immediately saw a dramatic change. >> libby bates: i thought, "something is not absolutely right here. something's going on. for him to just lay there and to sob and be so sad. you know, what do you do for that? how do i-- how do i help him? he would look at me and say, "if it wasn't for you, i would end it all right now." you know, i mean, like, what do you-- what do you do-- and what do you say to somebody who says that? you kno

tom keene joins us now. tom: it is always a special moment to speak to glenn hubbard of columbia business school. columbia has become far more visible. , wonderful to have you with us. i want to talk about your school, your criticism and acute comments on tariffs, but first any to talk to about the certitude of supply-side economics. you have always been a growth optimist. lawrence kudlow at the economic hub of new york made it very clear that we are on a path where growth will pay for these new $1 trillion deficits. do you agree or is there too much confidence within the trump administration over the efficacy of supplies economics -- supply-side economics? >> i think there are two parts to the question. i do think we are seeing a pickup in growth. we are seeing wage growth rebound. we will see the possibility of close to 3% growth over the medium run. tax cuts don't pay for themselves. growth helps. it is a big part of the story, but it will not be the whole story. tom: within that, there is a lower economi

and joining us now is tom friedman. tom, thank you very much for joining us tonight.this is out of sequence. he's not scheduled to write right now. is he? this isn't his day. tell us why you were moved to do this one. >> well, lawrence, it was the holiday, and i picked up the paper like everybody else and saw that robert mueller had indicted 13 russians and several russian organizations for basically intervening in our last election. both to poison our politics and to tilt the election toward donald trump. i waited to see what the president would have to say about this. and he had nothing to say about it. and that truck me as not only appalling but actually frightening because up to now donald trump, he's violated the norms that we expect in a president. his tweeting, his incessant lying, his general, you know, what he speaks about people, his diminishing of others in different countries. he's violated the norms of the presidency. but when the president of the united states does not react to a clear and present danger, then he's violating his oath of office. then he i

who doesn't love tom cruise?u, man. >> thank you, jimmy. that's very nice. thank you. >> jimmy: thank you for coming back to the show. i appreciate it. >> i love you all too. [ laughter ] thank you. believe me. thanks for having me. >> jimmy: you put something on instagram the other day. i got to talk about. because it's the coolest thing ever. it's you and it says, "feel the need." [ light laughter ] is the sequel to -- [ cheers and applause ] is it happening? is "top gun" -- is a sequel -- is it happening? >> day one. >> jimmy: it was day one. >> yeah, that was day one of filming. we are shooting. we're doing that -- [ cheers and applause ] ♪ >> thank you. >> jimmy: that is going to be the greatest. >> it took me 33 years to figure out the sequel. i'm a little slow. but sometimes i figure it out. [ light laughter ] >> jimmy: took your time on that one. yeah. >> just sometimes i'm a little slow. and i couldn't believe it. i -- really, it's amazing that we're doing it. it's actually -- >> jimmy: and is val coming