give them a bunch of money and wall street guys come around and they take them out to lunch that tom smart is and then they sum up back a war or some a lot of garbage most toxic risk on wall street is sold into these public pension funds where it goes to die that's why the returns are so. small that just. for the ones who do they just show you very easily with these very clear. away your. management. i'm the only one they have and they have. just given you need to build. something yeah what do you how much. do you. have to let us come on if this document i want to mean that we can measure the cost in the next. part of the your not welcome program the trombone and ministration is replacing asylum officers with border patrol agents i see what they're doing there while it's a constitutional. right for anyone fleeing violence to apply for asylum in the us there's nothing in the law that states that the person screaming asylum seekers can be a complete hole to discuss with our senior certified all day oh my god i told. you that seniors certified complete. i did most of my training with a t.n.t.

give them a bunch of money and wall street guys come around and they take them out to lunch that tom smart is and then they sell me a bag of worms some a lot of garbage most toxic risk on wall street is sold into these public pension funds where it goes to die that's why the returns are so. reluctant to give credit to the president trying for just about anything but by action in a way when he said at the beginning of his presidency that he'd be open to it to a one state or a 2 state solution whatever these rising balloting is going to i think that was actually a smart thing to say given the legacy of american support for israel the expansion essentially over the decades given the kind of political culture and political system that israel has developed there really isn't a way to negotiate something between palestinians and israelis. 20 minutes into the program welcome fuck this week the u.s. state of alabama approved the new abortion law the most restrictive in the nation it criminalizes the procedure even in cases of rape or incest and punishes doctors with up to 99 years in prison while

humility and smart. tom: do we have humility and smart in this evidence president? stephen moore debacle in the last 48 hours? ken: what does that have to do with jeff bezos. tom: ok. .his is absolutely critical there is a death of experts, we are afraid of experts. the president is not comfortable with fancy phd's at the fed as well. how do we get back to where we understand smart people from brock now can get the job done ucknell and get the job done? ken: there are two guys who i know now that if one of them was on the board -- larry lindsey and kevin wash, these guys are streetsmart sensible they make a andof common sense humble they know what they're talking about. tom: everybody underestimated harshp he is a textbook example of yeah, but he deliver the goodsp why can't this president find someone like him? ken: i don't know the process by which they select people. on the other hand, let me through a bouquet of the president. bill barr is one hell of an attorney general. tom: he has been pilloried in the last 48 hours. ken: god bless him. he is getting them mad.

said that this will hurt huawei but said his company was taking steps to keep its edge in smart phones 5g. tom mackenzie joins us with more. there is no sense of panic from a man thrust into the center of u.s.-china tensions. defiant, he he was is also charismatic. he was joking with us, pretty jovial. we spent two hours with him. he showed us around his offices in their sprawling headquarters in southern china. these majorout issues a day or so before we talked with trump -- who said that while he was dangerous. has imposed sanctions effectively barring exports of components, u.s. components and services, strangling this major technology provider in china and globally. we all -- ask about that and the contingency plans he put in place. we put those allegations from the u.s. and others, this was a company that was built on the theft of intellectual property and it was a company that post is cybersecurity risk -- posed a cybersecurity risk. what he said if he would talk about wally becoming a part of the trade negotiations. -- huawei becoming a part of the trade negotiations. boughtu.s. has nev

smart phones. there will be a hearing tom. >>> montgntery couy police were in the right place athe ght time and prevented another possible atm theft. >> we brought you this story as it was happening yesterday. they spotted two men being dropped off at a 7-eleven in lockwood falls. officers swarm in and a third suspect tk off in a truck. police tell us this was an investigation into a series of atm shefts.y since februar there have been seven attemptedatm shefts. >>> this morninge're hearing from the husband of the woman found dead in the potomac river. her vehicle i plungedo the river sunday night. it took two days for crews to locate the suv in ter. bushkin's husband says she was the love of his life. he tells news 4 he can only guesshat caused her to go into the water that night. >> there was probably some medical event. i hope she didn't suffer too badly. >> the couple was a part of a notable philanthropist duo in the area. bushkin's husband want people to honor her and do sometng nice every day. >>> 4:0 ryp. montgome council is working to dramatically lower the amountlef allowed in water. the new thr

tom winter, nbc investigations unit. very smartf the goal is to let's get smarter, i don't know about you, i'm going to tell you, as the recipient of all this information -- >> just a little secret, we never know. tom sits down and never know why or what has happened and it sort of doesn't matter. >> wow. knock my socks off on that one. there you go. thank you for watching this hour of "velshi & ruhle." right now we sent you down to washington, d.c. where kristen welker picks up coverage. >> i get smarter every day watching you guys. i mean, i don't know about everyone else. you guys have great information. great to see you guys. good afternoon, everyone. i'm kristen welker in for katy tur. last hour we heard directly from the president on the senate intelligence committee's subpoena of his son donald trump jr. in short he was very surprised. >> he's now testified for 20 hours or something, a massive amount of time. the mueller report came out. that's the bible. the mueller report came out and they said he did nothing wrong. the on

smart. passionate conversation between tom keene and ken langone., african swine fever is affecting the global supply of pork. this is bloomberg. ♪ caroline: quick check on the latest headlines. sinclair broadcast has agreed to inquire interests in 20 regional sports networks from disney for $9.6 billion. disney agreed to sell the networks and the transaction has been unanimously approved by the boards of both companies. sinclair will acquire the businesses the of a new subsidiary. byron allen, who owns the weather channel, is investing in the business. norway's trillion dollar sovereign wealth fund -- in the first quarter. that is $16,000 per citizen. holdingsgest stock were acme and microsoft. are restructuring existing loans and boosting collateral needed for new ones. in march, a report by first midwest bancorp chicago showed agricultural loans up in 2018. that is your business flash update. let's stick with agriculture. african swine fever is sending shockwaves through the global food chain. a farm in china was found to harbor the fever in augu

[ crowd cheering ] [ pleasant orchestral music ] tom watson has taken the lead of the u.s. open. sleep number 360 smart. it senses your movement and automatically adjusts to keep you both comfortable. save $1,000 on the new queen sleep number 360 special edition smart bed, only $1,799. only for a limited time. >>> game one of the western conference finals and a game in between. seth versus steph. >> they made it interesting, the blazers came back.>> here is your main memo, you are in the western conference finals against a three-time nba champion, sloppy and soft is not going to get it. they had lillard on hand out of oakland high only 19 points and never really in doubt. one of the bench people filling it up, 9.5 rebounds. dj maccallum is a victim, that is mom and pop right there. this time seth would get us to iggy, beautiful ball movement there. of 16 in the fourth quarter and moving out. watch this pass right to the center, great game 26 points as he gets the crowd to erupt at oracle. one great look for steph after the other. 36 points and here is the beautiful ball movement. watch curry, another g

tom watson sr. said that he said, i'm no genius but i'm smart in spots and i stay around those spots.hat's a very good thing to keep in mind, and we don't try to jump over 7 foot bars, we try to find 1-foot bars that we can step over. and charlie happens to be the world's greatest architect >> i also find that other people are very intelligent, have isolated patches of massive stupidity and we just avoid those. >> yeah. >> such a simple formula >> actually, i don't avoid all of them, but charlie avoids all of them. >> but we avoid more than most >> yeah. so, what's an isolated patch of stupidity that you've avoided and steered clear of >> we don't think we can solve our problem of being terribly competitive business by buying one which is less competitive at an enormously high price whereas everybody else thinks that will work wonderfully of course it doesn't >> we don't think -- and we also don't think that we can analyze every business or we don't think we can analyze 90% of the businesses or 80% of the businesses >> or 60%. >> yeah. >> yeah. and if you ask those who watch us, maybe

so he may be a smart guy, but at times he's shown a lack of judgment. >> neil: thanks, tom. and now north korea fires off missiles. the president says they're really not nothing to worry about. tulsi gabbard disagrees. she's next. plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone e

this is doable with a president who is smart -- strong enough to leave -- lead. tombloomberg "surveillance," francine lacqua in london, tom keene in new york. we are watching yields lower, stabilized a little bit, but lower yields all across the world. single best chart right now, i am going to bring it up. this is how we do the secret sauce, this is the bits and study. -- ibbotson study. what is wrong with buy-and-hold? christopher: not much. in 2013, at the market made new all-time highs for the first time in a decade and a half. last 17 orts tend to 18 years. we had a cyclical bear market in 2018, 70% of stocks down 20% or more. the global markets peaked in january. you have seen this cyclical bear market of this recent phase, and it is hard for us to get too negative. tom: the basic idea is we all by. -- buy. some hold, if you hold. the long-term trend, that is a good line. the fear is we are here or we overshoot to some gloom. what gives you your optimism to stay in the market? christopher: it is difficult to find signs of euphoria. the dominant leader the cycle

tom: she is giving it right back to me. thank you so much. greatly appreciated. , aing up on volatility keyword for deutsche bank. really smart work. europe on digital. this is bloomberg. ♪ tom: bloomberg surveillance. brexit quiet for a couple weeks. things are heating up. the story front and center the prime minister fighting for political life. , of course of barnes iconic with his work for the united kingdom in hong kong, -- let'ser the of to listen to patten. >> he has lied his way through politics. he is a huckster with a degree of charm which i am immune. he would be a bad choice indeed but i suspect it may happen. >> it is the most important thing she has done for months a fair amount of people should be repaired to give their charms and what is to lose if you want a referendum? how was a you going to get it? -- else you going to get it? tom: and now providing translation, francine loquat. -- francine lacqua. it was a british way of saying he does not support boris johnson. i have never translated chris that is my translation. tom: maybe it is generational. this morning we have alberto garlow and rest of returner of ing. i

smart. if i were their strategist, i'd say no. >> harris: i want your reaction to this. tom north carolina says impeachment calls are all about the politics for 2020. watch. >> this is clearly politics, fund-raising and presidential campaign politics. cory booker tried the same tactic against brett kavanaugh in the supreme court hearings. they put out baseless allegations and tried to keep that story alive. didn't go well for them. had a sparticus moment. they're trying to do the same thing again. there's no collusion. there's no obstruction. mueller didn't produce anything new today. we need to move on. >> harris: booker, i'm sparticus. sparticus had more 1% support. >> look, i think the democrats pursue impeachment at their own peril. not just with swing state voters. over 60% of americans want them to move on. we don't want impeachment. the early states of iowa and south carolina, the caucus goers there and the voters are there not keen on this. they really want someone that will focus on defeating president trump in 2020 rather than going through the impeachment process

of australia's election, is biden playing it smart to play it down the middle or is climate change a winning issue? joining me for conservative reviews tomreat barrier reef, the droughts farmers suffered, decline of fishing yields, this was supposed to be an absolute slam-dunk in as as you straw ya. people decide to stick to a economy working pretty well and not take the gamble. >> that is a pretty good test market. voters are concerned about climate change policies than actual climate change. when you take a step back it is not too surprising because all of these progressive policies it is the sticker shock. sounds really good, a nice bumper sticker until you have to pay for it. remember, you want to decrease greenhouse gas emissions, that makes fossil fuels, coal, gas more expensive of the what does that mean? disposable income for consumers and horrible manufacturing market. charles: i think it is nuts in a sense that china is not going to stop. india is not going to stop. australia, for the as you as aus to take on the financial burden, they can't take on climate change on their own. >> to reduce the temperature of the planet would t

first dm central bank -- tom: guy johnson, you are a trooper, coming out of bank holiday in london. guy johnson with a smart washington. the response of the chinese to the president's tweets. this is bloomberg. ♪ ♪ alix: president trump threatens increased tariffs on chinese goods in two tweets. beijing still reportedly sending a delegation this week the -- the's country struggles to respond. occidental increasing its cash ,ortion for its bid on anadarko all or nothing for the ceo. david: welcome to "bloomberg daybreak." i'm david westin, here with alix steel. this was supposed to be a victory lap on u.s./china trade. i'm not so sure. is good for the markets, then not so much. it appears it is not going to be wednesday he will show up. maybe thursday. alix: no doubt, mr. trump posturing over the last 24 hours. the question is, posturing for

tom: turkish lira, 6.23. it was weak and now it is ever weaker. smarts the positioning of guys?eople moving the markets. what is their position now and what would you expect today and tomorrow? marcus: i do not think anyone would be ashamed of sitting on the sidelines. unless you have a conviction trade, the dollar will do well. haven. is a classic safe we are seeing that trend. it is out of emerging markets, short-term certainly, and retreating to something as safe as you can. the equities still remain only long-term conviction trade which makes sense. francine: what is your take on treasuries? marcus: treasuries had a bit of a wobble last night after a 10 year auction. a little bit of a fear with china talks not going well, maybe china would not turn up. they probably did. if you look at the direct net buyers, that is perhaps where you would see china have some influence, it was average. the potential of them not turning up caused a wobble and an unpleasant auction. tom: greatly appreciated, mr. ashworth writing for bloomberg opinion. now your first word news. kailey: we are g

tom goodwin who is the house appropriations committee chairman. she was the majority, the first woman elected majority leader anywhere ever that is how smart she was. she had a deal with him all the time. he was a jerk. a drunk by 10:00 a.m. drunk. she called him on his drinking and she he said if you were a man i'd punch you on the no's and he said if you were a man you could ouch. [laughter] and she did that very rarely. that's only story like that. but she picked her shot. she knew when he had to stand up but also when to retreat to fight again another day and avoid controversy. all the while able to make deals, pragmatic, practical, skills that she brought to the supreme court. >> the description you have of the arizona senate is a bit of a mess. in one person he spoke to said that she was promoted in arizona ultimately because they're looking for intelligence and that narrowed the field. >> the majority leader told me that. [laughter] >> how much was she shining because she was the first woman in these cases and how much was it if we could peel back the gender issue between every candidate. >> you never can of course. >> how much was it an or

smart politics. this is a bigger question than partisan interests if we are going to take it -- >> the ironic thing is under newt gingrich and tomroke arms to get the votes for impeachment. they told the chairman of the foreign relations committee we'll strip your chairmanship away. >> impeccable personal lives as well which is important. moral factor. >> nancy pelosi is saying slow down. she's doing the opposite. i think as in 1973, 1974, if the democrats in the house had moved forward ahead of the senate select committee, before those televised hearings in the summer of 1973, i'm not sure it would have turned out the way it did. they waited for the facts to come out. remember, the white house was stonewalling. they were doing all the same things that this white house is doing but they broke through, got the tapes and all of the sudden the job of the judiciary committee was much easier. there are lessons in the past. i think we can't get too wedded to each case. >> on that note -- >> there haven't really been televised hearings other than william barr. >> no. >> because of the way democratics have gone about this. >> remember -

to believe that tom they're going to say they're getting some things done and we're going to hold off on the tariffs. we're heading for an election year. i'm not so sure this is a smart thing to do for the administration. >> neil: we have breaking news. i wish we had more time. the breaking news is waiting on a house judiciary committee vote whether or not the attorney general should be held in contempt. it seems to be a foregone conclusion this committee will rule that way. the question is what happens after they do after this. the lexus es. every curve, every innovation, every feeling. a product of mastery. lease the 2019 es 350 for $379 a month for 36 months. experience amazing at your lexus dealer. i've always been i'm still going for my best... even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'll go for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? sharing my roots. don't stop taking eliquis unless your doctor tells you to, as st

smart and use the vote wisely. he is making those comments off of our c-span twitter feed. tom is next, new york, republican line.aller: good morning. thank you very much to c-span. i would like everybody to know, including bernie sanders, that i suffered very badly under barack obama. i lost my company because of illegal immigration. my family got broken up. i suffered terribly. i am just crawling out of it now. thank god donald trump is our president and he will be our president for the next 6 years. this country has never done better than when donald trump took over the reins of this country. i am sorry, democrats, but the communist party of you guys is a losing proposition. it is not going to work for this country. host: jeff is next in west virginia, democrats line. good morning. caller: hello. yeah, all right. i think elizabeth warren has the ideas because under barack obama, we doubled the national debt because they deregulated the banking system. backs for bringing frank.teagall and dodd has thesian collusion same ring to it as weapons of mass destruction. and i do not trust the government, but she is the

tom, i am really sorry. i've gotta go. look, call right at home. get the right care. right at home. it's a revolution in sleep. the sleep number 360 smartorial day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. during the memorial day sale, save $1000 on the new queen sleep number 360 special edition smart bed, now only $1,799. only for a limited time. sleep number. proven, quality sleep. ♪ pete: welcome back. a suspected illegal immigrant from kenya is accused o preying on the elderly in texas charged in the killing of 12 elderly women. ed: suspected serial killer billy chemirmir posed as a home health aid and smothered his elderly victims with a pillow before robbing them. pete: one of those victims was 94-year-old gleason. fighting back as police review hundreds of other deaths for possible links. ed: an attorney for the gleason family we appreciate you coming, in mr. arnltd. >> thank you. ed: can you tell us first of all how you kind of solved this case because it sounds to me it was because