have you heard from tom?" and he said, "no, but he didn't show up at work. >> reporter: what's going through your mind? is there concern or just, oh, maybe he's at the gym? >> tom would never miss a morning of work. >> reporter: linda jumped in her car to to retrace her husband's steps, hoping to find him. she never imagined that search would lead where it did. >>> when we come back, linda's heartbreaking discovery. >> i saw his car. i was like oh, my god. >> he had gone to gym. in fact, he was still there. >> i'm like wake up. what are you doing? they're looking for you at work. i was like oh, my god, this can't be happening now. nutrition can seem overwhelmin. even if you try to eat well, you might fall short in key nutrients. get more by adding one a day. it's the #1 multivitamin uniquely designed for men and women. one serving, once a day. one a day. and done. >> reporter: tom kolman wasn't the kind of guy who didn't return calls from his wife and he always showed up for work. his family says he loved his

tom keene joints me.ersation with our guest a little bit later this afternoon. in the meantime, stocks of turning higher and bonds with traders trying to put their eyes on developments in the trade war and a series of major elections. oil is up. this is bloomberg. ♪ top tech firms cut off the supply of critical software and components to huawei. companiesown sends across the supply chain tumbling. and polarized europe. austria braces for a snap election after scandal brings down the government. angela merkel says voters have a stark choice to make as europe heads to the polls. good morning, everyone. if you areoon watching from asia. tom, we have a lot to look at including oil markets. we look at the race to become the next prime minister and leader of the conservatives. it is very important. brexit is important. what is it about american media with all of these spoilers? .ere is the new york post francine: i can't bear to watch. tom: we are covering up the spoilers of american media. we are spoiler free.

tom: net debt to ebita.evels, earnings before interest, taxes. francine: tom is just calculating how to do his next chart because he has the averages of all of that in his head. just to take a step back, what does all of this qe and all the stimulus that central banks have done, done to that market, and how will that change in five years? troy: it is hard to blame corporate ceos and cfos for taking advantage of free money that has been offered by central banks for the last few months. the rates have gone higher in the u.s. and the leveraged levels have stabilized. consider --e if we continue at 4% to 5% nominal gdp, america can deleverage its way out of it. if we get an escalation, policy shift in d.c., the bulk of the paying for investors will remain in high-yield and levered loans, and secondarily in private credit. it will not cause a bear market or recession, but that is where the bulk of market and realized losses will be, as opposed to the last cycle which was dominated by real estate and consumer cred

tom and francine? issued an executive order, a day after the islamic republic declared it may begin enriching uranium and again in two months time. they said this would prevent tehran from developing a nuclear weapon. a bloomberg reporter joins us from tehran. our people worried about what we heard the last couple of days from president trump? >> the people i think are very worried. let get worse? what will happen? i don't know if it will breach another low. reacts how the europeans over the next 60 days. this financial channel and the purchase be huckle -- vehicle, days unfold. iaea,ement saying the they have to decide the final of the nuclear program. so that can be very important. sanctions, there is huge deal. francine: how crippling is that? >> we know iran is a big oil producer. it is a founding opec state. there is a huge amount of oil reserve. historically, it has been a big producer of construction material. biggest, one of the biggest steal producers. we may.inal question if how does tehran t

tom: mr.te into the granularity of his policy dash as we count ships on oceans. what is the commodity that is most linked to china? australia? stuart: in terms of percentage , and the u.s.lia is pretty spectacularly dependent if you look at the agriculture sector. the prices in the u.s. have collapsed to the point where farmers are losing money on every bushel they harvest, and their biggest market has been cut off more or less. where else do they sell to? that is a hard question to answer. dependency depending on the sector, but i think australia is a fair bet. tom: we will have that chart on soybeans in our next our with marty schenker. stuart wallace, bloomberg executive patriot commodity and energy worker. thank you so much. james bevan will migrate forward with us. coming up later, a most interesting gentleman. he is the governor of puerto rico, always an interesting conversation, in the 3:00 hour. this is bloomberg. yields are lower. ♪ ♪ viviana: this is bloomberg "surveillance." we have

tom brady is with us.er this. ♪ >> dicky: portions of "jimmy kimmel live" are brought to you by zillow. re-imagine the way home. it's an adventure. a test. [ grunting ] a test that jeff failed miserably. [ upbeat music starts ] the spacious volkswagen tiguan. more room means more fun. it's no ordinary day at denny's it's crepe day. a family tradition we started about twenty-two minutes ago. and from the looks of it, this tradition is going to last awhile. denny's has new crepes! see you at denny's. this spring, it's out with the old and in with the awesome. as in, in with the fastest, most reliable internet from xfinity xfi. so you can be in with brilliantly connected devices in every room. and in with finding all your favorites on live tv and streaming apps with just your voice. this spring it's out with the old, and in with simple, easy, awesome. during the xfinity spring sale, get started with internet and tv for $35.00 each a month for a 1 year when you bundle both with 20 hours of cloud dvr service in

a lost people naming their babies tom, presumably after tom brady.his is a baby named after tom brady. he's only 2 years old. he's joining us from seacock foot most part. >> jimmy: i'm sorry. hi, tom brady. how are you? >> i'm good. what do you want? it better be good too because i was just about to crank one out to dora the explora. can i level with you? i've got a thing for feisty latinas. personal preference. to each his own. >> jimmy: you have a very full beard for a 2-year-old. >> maybe where you're from, this is a full beard, but trust me, my hand to god, this is what every toddler in new england looks like. from scituate to swanskus, from rozlandale to rainham. from matapan to matapoiset. that's on the cape. you got a problem with that? >> jimmy: no. >> you want a piece of me? >> jimmy: no, i was just going to ask what it's like being named after your hero, tom brady. >> oh, my god. you know what it's like? >> jimmy: what? >> it's a [ bleep ] honor. you see, because tom brady is the goat! he's the goat! tommy! >> jimmy: he's the goat, which is

tom etheridge, nice to meet you. >> tom, how are you?> good. >> this is the headquarters for worldwide trailer? >> this is the headquarters. >> did a little research. the product you guys make is good. >> yeah. >> now, how much--how much revenue is your company doing? >> we did 4 million last year. >> and so how much of that actually fell to the bottom line? how much did you make? >> maybe 400,000. >> how many will you make a year? >> about 125 trailers a year. keep in mind, not all trailers are food trailers. even though that's what we specialize in, we'll build emergency command post trailers. we've built mortuary trailers, casket trailers. we're pretty good at what we do, marcus. we've been doing it for a long time. >> who's that? >> that's kita. >> that's kita. that's the shop dog. >> yeah. >> whose dog is that? >> mine. >> it's my dog. >> no. >> [laughs] >> no, that's my dog. >> your dog, his dog? >> no, it's mine. >> oh. >> used to be my dog. >> no, it was ours, and she stays with me. >> oh. >> we were a couple for 20 years, but we

tom: very good.alk about the fed? tom: we should talk about the fed. deutsche bank is looking at new lows and we will have more on that in a bit. francine: on the fed, the latest policymakers will be patient for some time, even with inflation far below target. quite a contrast to market. scott.ack with >> sustained economic growth and an inflation target with the transitory element close to target. that is how they described their outlook. i think the market is obviously reacting to geopolitical noise. reacting to this discussion around an insurance rate cut and inflation.transitory i understand why the market prices that way. but from a fundamental perspective, it seems stretched. what about tracking the base again? >> we see this parody issue where there would be some good balance. own treasuries and portfolio construction because of the value that they give you. the last couple of days is a very good example of that but it does look a bit extreme given the fundamental situation. it is relatively r

getting some 3.6%, tom. tom: how charming. let's come back.futures at -24. the euro is still turning at a 112 love -- 1.12 level. this is bloomberg. ♪ tom: bloomberg "surveillance," worldwide from london and new york. here is kailey leinz. toley: iran may respond tightening u.s. sanctions by backing away from the 2015 nuclear deal and that could raise tensions after the u.s. deployed an aircraft carrier to the persian gulf. iran does not plan to follow the u.s. and abandoning the agreement but plans to make a minor reduction to its commitments. journalists freed from prison and myanmar. they were from reuters and were sentenced to seven years for breaking the official secrets act. hbo admits disposable coffee cups in "the game of thrones" is a mistake and joked it should have been an herbal tea. some of them wondered if it was placed there on purpose and others wondered how it could happen on such a costly production. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than

tom: well said.ement is to go -- get away squared to a ftse or whatever, and find something unique and original that can add value. elian'sthat thing for question -- allianz? andreas: uncorrelated returns are the key for the biocide -- have been investing heavily in the nonpublic market side of the capital markets. to some degree, focusing too parton alpha generation as of the problem with the active management industry. asset management errors -- managers will want to have -- go further into the value chains in terms of a device and being part of the value chain of suppliers. that is the key, and being a product developer at the same time as an advisor, at the same time as someone who has done the work for the end client. francine: is that changing? andreas: that is changing for our firm and i see that for those who want to continue to be committed in the active space, thinking about the active value proposition in a broader space. francine: how much more consolidation will we get over the next 12 m

tom: that is a good point. there are divisions within china when it comes to how to approach these negotiations. we also have hawks and doves here in beijing. play andsions are at it is difficult to know how it plays out. we have beenysts speaking to think that, essentially, china still wants a deal. they want to continue these conversations and get to an endpoint. equally, they do not want to come back with a one-sided deal. there are nationalist forces and president xi jinping wants to make sure he stands up with a decent deal. that he has not now -- bowed to pressure. francine: thank you. joining us for the hour is the chief economic advisor at credit suisse and patrick armstrong, chief investment officer at clarida wealth -- plurimi wealth. if you look at the tools china has to retaliate, they are powerful. will they ever use them? >> definitely. they are going to find trumps pressure points. soybeans, his base in the u.s. and the farmers who produce them. trump has talked about pushing 10 year yields highe

tom: the u.k.ng forward. , theyou talk to your team sprawl of simon kennedy's world on united kingdom economics, what are you focused on through the summer and into the autumn? simon: there is only one theme in the british economy, brexit, what it looks like, how it influences the economy. going back to the inventories, that is a good example of something will be watching, a lot of countries bringing up their inventories of late. that will happen by virtue of a demand issue. brexit, what it looks like is the number one question. francine: we are not expecting any material shift into what the boe will say, but if we do what will it have -- effect will it have on the pound? iain: if you get one, i do not think it will have much effect. bank of england, can they really go against every central bank in the world? francine: is there an urgency? does mark carney want to keep a hike alive? was: they are where the fed a couple of weeks back where they perceive the current rate to be lower than neutral. the

tom: brilliant. genius on law with all of his work on 20th century supreme court. professor feldman on kevin cirilli's whack-a-mole. congress should get the interest it needs to do his job in legislation and oversight and a president should be able to win hold what is necessary to do his job well. i do not invest in simple. the supreme court did. kevin, what is the difference between an overwhelmed nixon and an overwhelmed trump? kevin: president trump feels mueller report, case closed. mitch mcconnell speaking in lockstep with the president saying, the issue of impeachment has been settled and that is time to move on. the democrats in the house said something different and they are taking a more piecemeal approach. the bottom line is this is going to continue for quite some time. that said, we have net seen -- not seen any market reactions to these latest developments, twists and turns as it continues. francine: the markets want to know if stocks go down because of the trade war, will president trum

tom: thank you so much.ace through this, -33 on s&p nearing dow futures -300, oil south. to 20. down to 20 -- out the two year yield with a 1.98 handle. francine: i have a very similar data check. havens are rising on trade threats escalating. i am looking at peso because we saw a huge move on the mexican currency as soon as trump tweeted on tariffs, and the vix gained. tom: an extraordinary market day. james glassman is with us of j.p. morgan, expert on the american labor economy, and someone expert on the labor gig economy and uber is david kirkpatrick. affect." "the facebook is uber amazon? no, they are not. tom: they told investors they would be. david: gamble private investors made was that wrubel will become uberazon like entity, -- will become an amazon like entity. over funding a company which allows them to gain huge market share and percent -- gain a perception of inevitability. they may not be a real business. tom: a money question you did address, if you have private silicon valley types and they

tom: i get that.e, but what is the run rate that you see out? institutional shareholders, the sovereign wealth fund to at the margin needs to buy more shares. what is your cell on services out five or 10 years? aws cloudon like, like, or is there a limit to the ecosystem? daniel: i will compare it to aws and amazon in terms of services, because that is only 15% penetrated. you are talking about a $50 billion revenue stream and over the course could be $75 billion. tom: what is you are some of apple, if they spun off services? people think bezos should spin off aws. daniel: $450 billion. tom: and terms of a share? daniel: on a share basis, we call it about $100. elsei am buying everything -- this is really important -- i am buying everything else at his price target for $125 per share, and company after company including anadarko we see this. lori: i have to say, if i could weigh in on the hardware space, what i like is this is not a crowded overvalued part of technology. tom: what is the multiple 12 m

this is bloomberg. ♪ tom: francine lacqua in london and tom in new york.st rate market. with us is wolfgang and george. let me bring up a chart right now. i want to spend some time on fx. we will get back to wolfgang and no deal in a minute. back to john major, that was a few years ago, george. here we are rolling over. with this be down to john major lows? >> it is a great chart to use because many people have focused on the dollar. it gives you the most accurate proxy of what the market is pricing for hard brexit. we are essentially at the middle of that range. market was pricing in a resolution up to a few weeks ago. so we are nowhere near the or the worries that people had just a few months ago. given the uncertainty of the electoral process, the market should be pricing higher risks of a hard brexit. or potentially the high-risk of an early election and a corbyn premiership which would also be negative for the pound. that is the potential for sterling to move lower. is a jeremy corbyn premiership possible? >> it is possible. it could happen if the tor

tom: maybe it is the dow.me close to breaking the american economic recovery. in december, we had the weakest corporate borrowing. tom: can you say the fed blew it? steven: i say they were off course, and the signs were there and they responded. monetary policy is much less threatening than the outlook for the recovery, whether they will ease. tom: i have a pot of money into the weekend and i have asset allocators saying this and this. steven: you cannot and a allesale while -- way sell of your assets, pay your taxes, and begin again fresh. markets have responded very little to the risk event of trade negotiations, that china and the united states have offered each other things they cannot turn onto. we will have a period of suspense that many areas in the market, semiconductors up 46%, down a smidgen, there are cyclical parts of the market where everyone feels horrible, but the reality is they have held most of the games since the selloff in december, that we want to be more cautious about the near term. midy

tom: francine.hat the deal will get through, they will come to some accommodation. you see sterling rise, and then deflating when the cold draws of reality bite. bite.s of reality hope springs eternal, so the only way to make money is to look at the short-term moves and fade them. even as we are breaking out of a range, it is kind of fraught with peril. i have been writhing on and off for six months, it is kind of like wargames. sometimes the only winning game is not to play. francine: labour walking out of cross party talks, basically nixing a brexit deal. thomas, we keep joking she has not slept in about two years. they say labor talks have gone as far as they can. what does that mean for theresa may? emma: even after her arms and legs are lopped off, she keeps on fighting. talks have failed. she is still talking about she will put her brexit bill, a proxy of her deal to parliament, even though labour will not support it. she is talking about doing a nonbinding vote in parliament to figure out whe

tom: exactly.s back on twitter taking more shots at china tweeting that america is right where we want to be and blaming beijing for breaking the deal. china says it went back on its word -- the u.s. went back on its word. us stocks in asia have fallen along with u.s. equity futures. joining us is tom mackenzie, as hef bloomberg markets joins us from beijing. gekko --st escalating escalating and escalating? >> what we have seen over the weekend is tensions mounting. flaming the u.s. saying that they should take full responsibility for this impasse. and saying that these negotiations have been severely disrupted by the position to raise tariffs. hear about the irrational stance and that china will not compromise on core principles. this is the sense that china is coming away with a stance that we will not strike a deal that is seen as one-sided. deal.d a two-sided and this push by the u.s. to enforce some of these actions while not agreeing. that tariffs have to be removed. francine: if they still t

francine: tom, i have a good chart. tom: let us come back.berg. ♪ >> this is bloomberg surveillance with your bloomberg business flash. first group shares are up the first time in a decade -- the most in a decade. first group is valid to shareholder pressure to break up the company. those pledges were made by ceo matthew gregory. gregory is not the right person to lead the company, they have said. must is pushing tesla employees to catch up on demand for electric cars. pushing teslas employs to catch up on demand for electric cars. 43%as since shares down this year. 43%t has sent shares down this year. and a crowd is wildly anticipating the star wars attraction.e it is the largest addition to a theme park that opened 40 years ago. -- over 60 years ago. that is the bloomberg business flash. tom, francine? francine: u.s. president donald trump's move comes at a crucial moment for the global telecoms industry. the cost is already significant, but it will cost billions more and lead to link the delays for the service. across the pond in the u k,

tom: thank you so much. deteriorating. from boston the bruins, not wicked tight, but there it is. peter dixon with us with commerzbank. let's spend time on equities. equities are folded into earnings and revenues and also folded into confidence that cash will be used. can companies and multinationals support their stocks with a better use of cash if things get ugly? have theey certainly ability to do so. i wonder whether that is a great use of their cash at this stage of the cycle? we are looking at a market that has a great run, a 10-year bull run. valuations are quite stretched. year trailing average on pes. it does suggest to me that at some point equities will run out of steam. given where the economy is in the u.s., still holding up but there are indications that things are about to slow down. it could be that it is going to be one of the situations where equity markets are entering a more prolonged selloff. if that is the case, why would companies want to waste their cash supporting their stock? tom: y

he joins bloomberg's tom keene. >> thank you so much. langone, is on the cover, the boy with a shovel from a long-term ago. ok, biga book which -- deal, another guy comes out with a book about his life but. it is done exceedingly well. it is out on paperback. i want to talk about humility. you are giving a zillion dollars away, but mario on 20 six st is cutll doing your hair $17 billion it is a simple life. what do you say to the extravagances you see today out of so many? >> it is out of my best it is none of my business. you don't want to give money to charity, that is your call. i choose to share my good fortune. i can tell you right now that i thought making it was fun. i am having so much more fun giving it away to the those kids respond to the statement that they longer have to pay tuition to go to medical school. i felt like a king. i felt like, holy smokes, maybe my life matters! tom: so much of this is about fairness and the idea of a gilded age. are we in a gilded age? inequalities qualities that harking back to the time of ted

tom: "bloomberg surveillance." we do more data. guy johnson in london. i am tom keene.earlier, now -52. now at 5-03. the year comes in yen stronger. the vix with a five figure with the 18.47. morning,unmanaged this a weaker chinese yuan. guy: one thing that will affect u.s. markets as we work to the start of trading will be apple on a down by 3.2% overnight. move for aizable mega stock like apple. the reason it is trading down, apparently, as the european union will start a formal probe of the company within the next few weeks, this following spotify's antitrust complaint, this reported by the "financial times." just to annoy jon ferro, this is the third most heavily rated stock in the doubt. --: he is just focused on what is the name? ester-manchester football game here that is all jon ferro cares about. right now, here is kailey leinz. kailey: the next move is up to china. negotiators made delay it shipped to washington after president trump announced friday he will increase tariffs to 25%. the president is unhappy with the pace of trade talks. tona's delegation is se

tom? >> all right, rob. you and your team stay safe. >>> next, we're learning much more tonight about the brave actions in portland, oregon that likely averted another school shooting tragedy. the hero coach speaking out tonight. the suspected gunman tackled and wrestled to the ground by that coach who was also a security guard at parkrose high. they seized this shotgun from the troubled 18-year-old student. here's abc's marci gonzalez. >> reporter: police in oregon telling us tonight this is the student who walked into a high school classroom, armed with this shotgun. >> i was running. i didn't know if i was going to get shot in my back or not. i was running crisscross it was terrifying it was really terrifying. >> reporter: the suspect, identified as 18-year-old angel dias, a senior at parkrose high school. sending classmates running for cover, the campus put on lockdown. >> we all hid, we hid under some clothes and stuff too just in case anything would happen. >> reporter: but before anyone was hurt, a br

tom, this outbreak is far from over. tom? >> our teams will be tracking all of those storms through the night. alex, thank you. >>> we do move on now to the other side of the earth. a second american climber has died this week after reaching the summit of mt. everest. chris kulish is the 11th climber to die on that slope this season. his family says he died doing what he loved. climbers have been warning about overcrowding. you can see it right there. a steady line of people heading towards the summit. here's abc's clayton sandell. >> reporter: chris kulish watched his last sunrise from the top of the world. but the 62-year-old attorney from boulder, colorado, suddenly died today after heading down to camp. he is the second american and the 11th person to die during a climbing season proving both deadly and crowded. >> we're going to try to get ourselves up there when there's not so many people and the weather is good. >> reporter: with only a narrow window of good weather, and even narrower trails, log-jammed climbers are fo

tom: thank you.otball punditry jonathan ferro, he said shut up and watch it so i guess i will watch it. that i would like to point out, something really unique, trent alexander arnold, arguably the greatest corner kick in the history, started out working with the liverpool youth league when he was 14 years old. there is something different about this than american sports. this kid's homegrown from day one out of liverpool, and as the coach said, it is the greatest corner kick since time began. francine: whether you are a sports fan or not, this was against all odds. the odds of liverpool piercing through the barcelona defense four times without their best strike, i don't know if there were odds but it probably would have been 1000-1. maybe it follows to other businesses as well. tom: they go in this weekend with really important games and that battle against manchester city. i have no idea what i'm talking about. francine: sounds good. tom: we will think michael mckee for a great conversation with ri

this is bloomberg. ♪ tom: good morning. "bloomberg surveillance." and tom keene.liams of the new york fed. a data check. euro stronger as well. the big lift in equities. to the next screen. the idea of the vix coming in nicely, 19.19. i want to focus what i am watching each day, is yen. forave a very friendly yen the equity markets. 109.71. yesterday the yen was not correlated and came back nicely this morning a weaker yen. our kathleen hays is in conversation with john williams. kathleen? kathleen: thank you. i want to welcome to our tv audience, our radio audience around the world for an important discussion with john williams, president of the federal reserve bank of new york. is almost ayself it year, not san francisco but new york now. what a year it has been. and this is hit hard by the escalation of the trade war. when you look at the economy, what do you see? a potential economic shock or a manageable bump in the road? john: the economy is in a good place. we have seen solid economic growth, good job gains, low aemployment, and inflation little below our t

tom? >> ian, thank you. >>> severe storms and dangerous flooding as we head into the weekend and breaking news coming out of houseton right now. these images coming in of a barge collision in the port of houston shutting down a major shipping channel. one vessel sinking late today. the coast guard trying to secure the other, and fears of a possible chemical spill. all this as powerful thunderstorms and flash flooding from texas to the carolinas. first responders receiving calls for help from trapped drivers, and customers huddling in a gas station to escape heavy downpours and fierce winds. 40 million people now bracing for extreme weather. the system making its way east through mother's day. maggie rulli to lead us off. >> reporter: tonight, the powerful thunderstorms drenching the nation's fourth largest city. in houston, wind-driven hail, up to baseball-sized, shredding the siding off of homes, shattering windows and knocking holes into windshields. >> like, i'm old and i've never seen

tom? >> zachary, thank you. >>> that severe weather in the south resulting in a state of emergency in louisiana. take a look at that freight train right there. 28 cars derailing in mississippi after more than half a foot of rainfall drenching rain, stranding motorists in houston over the last few days. the ground extremely saturated and more rain on the way. rivers swollen beyond their banks. flash flood watches from texas through mississippi. abc's senior meteorologist rob marciano here with more. >> reporter: tonight, parts of the gulf coast, saturated and bracing for more rain. in southern mississippi, more than two dozen cars of this freight train derailing, after more than a half foot of rain fell overnight in the area. pearl river county officials warning that flooding is making some roads impassible, urging residents to limit their travel. severe weather across the region packing dangerous lightning all week. a home security camera capturing lightning striking a tree outside this ho

tom? >> that debris flowing behind you. stay safe. >>> the other big story we are following, the emotional hearing in a wisconsin courtroom. the sentences for jake patterson who kidnapped 13-year-old jayme closs. in a statement read by her aunt, she read he took away everything she loved, but never her courage. here is abc's alex perez. >> reporter: a gutwrenching day for the family of jayme closs, facing jake patterson, the man who confessed to kidnapping the 13-year-old and brutally murdering her parents. >> none of us are going to win today. none of us are going to get her family members back. >> reporter: shattered loved ones pleading with the judge for the toughest sentence. a family attorney then reading a letter from jayme herself. >> he can't take my freedom. he thought that he could own me, but he was wrong. i was smarter. >> reporter: jayme's words resilient and defiant. >> jake patterson will never have any power over me. i feel like i have some power over him, because i get to

tom? >> standing strong. thank you >>> there is breaking news in the emotional abortion battle e abortion law that bans the procedure after six weeks and make no, sir exception for rape of invest. in missouri, the governor signed into one one almost as strict. here is abc's mary bruce. >> reporter: in mississippi tonight, a law that would make abortions illegal is now on hold. a federal judge ruling that the ban, "threatens immediate harm to women's rights, especially considering most women do not seek abortion services until after six weeks." but while the mississippi ban is being blocked for now, in missouri, the governor today signed one of the most restrictive laws in the country. it outlaws abortions after eight weeks, even in cases of rape or incest. >> i believe in two months you can make a decision. i believe that. that can be done. but in two months' time, i also believe that that child has rights. >> mary joins us now. the mississippi law on hold tonight but the ban in mour, how

former quarterback coach, tom martinez. >> without tom martinez, there would be no tom brady in the nflom's mentor, he was his go to guy whenever he needed a tuneup on his technique. martinez was waiting for a kidney on matching-donors.com back in 2009, that is when brady stepped in.>> he talked to the entire world, we got hundreds of them, 17 matches. >> sadly, martinez died of a heart attack just two weeks before his transplant in 2012. but, 7 years later, tom brady has not forgotten. he quietly continues to auction off memorabilia and fund raise and his coaches memory for the tom martinez go line foundation. >> he just offered without asking, he is such a great guy, he is an amazing person. >> charity should be a part of our dna. >> tom brady senior knew long ago that his son had a gift, football was his sport. while the san mateo native was making his mark in the nfl, he never forgot his roots, that all the hard work it took to get him there. managing celebrity isn't easy, but brady seems to be handling it very well. >> football is so transitory, it is something that he will play fo

tom: it is high in our list. been paying down debt quite nicely over the last two years. $15 billion of debt. people look at our balance sheet and say you have a fairly sizable amount of debt. i think the thing you have to remember is we have a fairly strong and big cash flow. we are comfortable with our ability to manage our debt load and we are continually focused on paying down debt and getting back to investment grade over the 18 to 24 month period. jonathan: wrapping things up with optimism from somewhere. where is the optimism now? tom: we are optimistic about our business, about our broad-based capabilities. customer receptivity to our capabilities is strong. if you look at our quarter, $22 billion of revenue. 2% revenue growth. operating income to $2.2 billion, up 8%. we have to navigate through the year as we work our way through macro dynamics but we think we are well-positioned and pleased with our client business, our storage velocity and demand. we will work our way through some of those other dynami

francine: tom is blushing. tom: is the headline there journalists are dumb?has eight children. and i are battling on this every single day about a broader education for our kids. or our parents. with the fundamental stem foundation. >> the more important stem becomes in terms of training for the 21st century the more important reading, writing and a sense of historical perspective becomes because you cannot integrated and communicated. i was way wrong. stem foreignto languages. to me learning two or three foreign languages is just as important for the organization of the brain as anything we would do with trigonometry, am i right? a veryink it is important skill and i wish i had done more languages myself. i specialized in latin. your point being that training the brain in a certain way is really important. being able to open your brain to some of the classics, fantastically important. one of the things that is important later in life, i did not study history but i can read history books. i read historical novels quite a lot. if you don't study a certain leve

tom? tom: thank you so much for that sumo image. wonderful.ig into the chinese bank story now. pressure ong more shares of small lenders that are already trading at rock bottom valuations. the bloomberg index dropped to a four-month low on monday after regulators assumed control of the bank citing serious credit risks. for more we are joined by a chinese credit editor in hong kong and our china financial regulations reporter here in beijing. are there other banks in a similar situation? are we going to see a domino effect of small banks collapsing and being taken over by the government? >> it might be a little early for this, but certainly there are a lot of banks in similar situations. it has been pointed out for its exposures for interbank loans, and there are a concentrated which getborrowers around the single bar limits by going through what are called investment consumables. it is considered an investment rather than alone. there are a lot more banks who have high exposures in both of those categories but they have been singled out and we

tom: this u.k.ased lawyer has spent months representing people o claim their phones wer targeted using nso's software. now speaking anonymously, he believes these spyware has been used agast him. >> on sunday i received two whatsapp video calls. i managed to capture the log. tom: these were hacking attempts? a yes. tom: tempts were passed to whatsapp, who started their investigation. nso says its software is to track terrorists, but it is accused of selling it to countries to spy on dissidents. the lawyer helped alleged victims from saudi arabia and mexico. >> it is scary in the sense that it feels like the wildest, so any state with questionable human rights records can very easily acquire this system. tom: secrecy surrounds t sale of the spyware abroad with no public oversight. that's why this israeli lawyer wants nso stripped of its export license. we want the israeli public to start a movement against the export license. total secrecy leads to no accountability.ty total impu tom: israel is a wor

tom: thank you. the ceo of morgan stanley, talking to me at the fifth annual china summit. they have been in china for 25 years, and they celebrated that anniversary last night. shery? be lookingill forward to those interviews. do not miss our exclusive coverage of the morgan stanley china summit. we will be live in sydney next tuesday and wednesday, and we have more exclusive interviews from the morgan stanley china summit in beijing coming up severalnd including guests, include the head of morgan stanley fixed income. this is bloomberg. ♪ welcome back. the u.s. treasury continued a rally, falling from where it started in 2019, as the fed's favorite yield curve gave a stronger signal of potential recession. our editor, kathleen hays, is here with us in the new york studio. we just heard from the morgan stanley ceo, and he thinks yields will rebound. a terrifichat was interview that our own tom mackenzie did with james gorman, and i think mr. gorman was so clear and forthcoming. for starters, he aske

was tom's go to guy. he was waiting for a kidney on matching donors. com in 2009 and that's when brady stepped in. >> he put it out into the entire world and the need for martinez needing a transplant. we got a lot of donors and we found 17 that matched. >> sadly he died two short weeks before his transplant. >> tom brady quietly continues to auction off things and raises money which raises awareness for oregon donation and matching donors. com. >> he never said no to us. he is such a great guy. he is an amazing citizen. >> charity should be a part of our dna. >> tom brady senior knew his son had a gift, football was his sport, but while the native was making his mark in the nfl he never forgot his ros and all the hard work it took to get him there, managing celebrity is not easy but brady is handling it very well. >> football is something he will play for another two, three, 45 years, whatever it might be, but the rest of his life he is a part of the human race and if he can help make everybody around hi

the former quarterback coach tom martinez. >> without tom martinez there would be no tom brady.>> he tom's mentor, the to talk weekly, he was his go to guy whenever he needed a tuneup on his technique. martinez was waiting on a kidney, back in 2009 and that is when brady stepped in. >> reporter: sally martinez died of a heart attack just two short weeks before his transplant in 2012. but seven years later tom brady has not forgotten. he quietly continues to auction off memorabilia and fund raise and his coaches memory for the tom martinez goal line fund, which raises awareness for organ donation and matching donors.com. >> he is such a great guy and amazing, amazing person.>> charity should be part of our dna.>> reporter: tom brady knew long ago that his son had a gift, football was his sports. the san mateo native was making his mark in the nfl, he never forgot his roots. and all the hard work it took to get in there. managing celebrities is not easy but brady seems to be handling it very well.>> football is so transitory it is something he will play for another two or three years,

the overwhelming majority said let's keep investigating. >> bret: tom. >> tom: two emmy's point of theite the frenzy with the mueller report, those numbers have not moved. and i don't expect anything going on in congress right now is going to make the poll numbers move in any significant way either. i do think democrats are trying to have impeachment without impeachment. jerry nadler was asked of the press conference, why not move on with impeachment? that might not be the right remedied this point in time. they are trying basically to have it both ways. they think the president obstructed justice, than they should impeach him. if they don't, they don't. they have 98% or 92% of the mueller report and only a percent redacted in another less redacted version made available to members of the committee. certain members of the committee, something like 98%. so they are really in this battle -- yeah and they didn't even go read the report. so this is really sort of much to do on behalf in my opinion, the democrats wanting to create some conflict here surrounding the president and the attorne

i'm tom llamas in for david. we begin with severe storms and dangerous flooding as we head into the weekend and breaking news coming out of houston. these images of a barge collision in the port of houston. one vessel sinking late today. and fears of a possible chemical spill. flash flooding from texas to the carolinas. first responders receiving calls for help from trapped drivers, and heavy downpours and fierce winds. 40 million people now bracing for extreme weather. making its way east through mother's day. maggie rulli to lead us off. >> reporter: tonight, the powerful thunderstorms drenching the nation's fourth largest city. in houston, wind-driven hail, up g the siding off of homes. shattering windows and knocking holes into windshields. >> like i'm old and i've never seen hail like that before. >> reporter: more than six inches of rain inundating streets and stranding scores of drivers. first responders racing to save a person trapped inside that overturned vehicle submerged in a flooded ditch. manholes t

tom friedman, ready to square off.> we talk >> anyway, former white house steve strategist steve bannon. they'll debate the president's handling of the trade war, the economy, and much more stay tuned you're watching "squawk box" on cnbc ♪ most of us don't know how much data we use... ...but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots. combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data one gig at a time. use a little, pay a little. use a lot, just switch to unlimited. get $250 back when you buy a new samsung galaxy. call, visit or click today. >>> welcome back to "squawk box. shares of alibaba are rising, beating estimates on top and bottom lines for the latest quarter, the rise driven in part by a jump in mobile users and growth in its cloud business it's up 3%. >>> coming up, farming meets tech indigo ag tops this year's cnbc disruptors list. a look at the techn

tom? >> a democratic candidate also weighing in. thank you. >>> overseas, a roadside bomb striking a tourist bus near the pyramids in egypt. one of the most popular tourist spots in the ancient world. the blast shattering the windshield injuring at least 17 people. there's been no claim of responsibility yet but it's the second attack there in six months. the last one killing three tourists. abc's julie macfarlane reporting from london. >> reporter: tonight, a bomb targeting a tour bus near egypt's famed pyramids, exploding in one of the most popular destinations in the world. footage from the scene showing the windows on one side completely blown out, shattering the windscreen, and damaging a nearby car. this man witnessing the terrifying blast, saying all the foreigners in the front are injured, i was in the car right behind them. the attackers apparently targeting tourists. officials say south africans are among the injured. 16 hurt in total, 3 people treated in the hospital. this coming after a deadly terror bombing of a bus in

i appreciate senator tom cotton's obligation. it is a religious place for me and my family. it is inspiring. me that c-span has invited tom cotton on the show. senator cotton, take your nose out of it. always itching for war with iraq, not to mention john bolton. you never met a war you didn't like, did you? guest: thank you for your service and thank you for what you do, visiting those in arlington. the reason i think we need a firm stance toward iran and other adversaries like china and russia, as so we do not have more wars. so there are not more young soldiers, like i was, or others today who have to fly to the air force base and carry those remains often aircraft. aircraft. host: how often do you get a chance to visit arlington cemetery? guest: a lot of us have been back a lot over the last month. for the last year, dozens and dozens of times as i researched this book. fortimes i go for funerals arkansasans who are there. some of the young soldiers i have met have special occasions in the cemetery. the two guards, when they are leaving, the old guard will perform a last

tom: and you have bragging rights.is the number two smartphone neighbor -- maker. it jumped by 50%. you do have all up -- that goal of becoming the number one smartphone maker in the world. does that goal have to be shelved? ren: [speaking a foreign language] translator: we can become bigger or smaller. we are not a public company. we are not only pursuing growth or profit. it is good enough for us to just survive. tom: the founder of huawei, facing this blacklist from the u.s. is also facing the department of justice and their 23 indictments for issues ranging from intellectual property theft to sanctions busting by its people -- by its cfo. he says he is confident that they will work out those issues through the court, through the legal system. he is also saying he hopes avella bank their own chips and looking for other sources and supplies will mean the company can carry on. he ended by saying come back, speak to us in three years time and see if we have survived. shery: thank you so much for that. our china corresp

well, th's convenient, isn't it, tom? >> i'm just saying. when you only have two major partie two major candidates, usually when you help one or hurt the other, you're doing the inve ie. s hard for me to wrap my head around that explanation, just because it seems very, very clear that the russians wanted to help donald tmp. in fact, mueller says that. >> and that's what i mean when i say that it's hard toe disentanose two motives. they clearly wanted to hurt hillary clinton for the actions she had taken as secretary of state and i think as retribution for what vladimir putin viewed aspe disr by her husband in the late 1990s and in 2000. buthere are indicators, in addition to those objective factors about the policy difference between thewo candidates, that suggests that it was as much about hurting hillary clinton as it was helping president trump. >> thentelligence committee also concluded that they wanted to help donald trump, but let's move on that because i think that has any bearing nor ssre nor there on the results of the election, nei

we a take all of that up with tom finton next. plus, tom homan gins us next with more on the southern border. we'll have that and much more after these quick messages. please stay with us. lou: breaking news tonight. an unnamed u.s. official saying an initial assessment suggests that iran or iran-backed proxies were responsible for the sabotage of four tanker ships off of the coast of the united arab emirates. the official says each ship has a five to ten-foot hole in it near or below the water line. the hole is believed to be caused by explosive charges. the report comes obviously between te tea deteriorating relationships between the u.s. and iran and b-52 task force to the region. >>> desperate dimms continue unravel in the wake of the mueller report. house intelligence committee chairman adam schiff spends a lot of his time unraveling says he'.>> look, we are going to hao consider other remedies like inherent contempt where if the courts take too long we use our only judicial process within the congress. and i think if you fin