on the strength of this record, tom dewey was nominated for district attorney.eating the tammany candidate by an unprecedented majority, he continued his crime smashing record and it was on the road to the governor's mansion in albany. though it was in new york that dewey rose to fame, he is the product of a small town in the middle west, having been born overlay general store in michigan in 1902. he was the only child of george dewey, county republican leader and the publisher of the local newspaper. local residents like to point to the school where young tom got his early education before going on to get his degree at the university of michigan. in a nearby church which the dewey family attended regularly tom was a member of the choir. , in the same neighborhood where tom grew up, his mother lives today, and like all mothers is proud of her son and his achievements. >> you must be proud of tom. >> i think everyone is happy that his success. of course he was always a worker. when he worked, he worked hard. when he played he played hard. i do know he has the bes

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: that was wonderful.ok and a lineal's in our newsroom have never seen it. -- glenn ailes in our newsroom -- millenials in our newsroom have never seen it. jason furman stays with us. let's go back to maria tadeo speaking with president macron of france. mr. macron prudent but happy they got a deal. maria: he says he is happy they have a deal and this new deal answers the questions the europeans were worried about. there was back and forth over what to do with the irish sea and the future relationship for an equal playing field. i asked whether this time he was sure the deal will clear the house of commons and told me, at this point, this is not my problem. it comes down to boris johnson. it is clear they want to get the deal done. the story has gone on and they want the u.k. to leave with a deal. the pressure is on boris johnson to do what theresa may failed three times to do, get the deal cleared by mp's in london. tom: congratulations on your questions, and i found interesting the body language. give us

tom, francine? tom: matt miller, thank you so much.ijing and hong kong and the fire not seen in the order of beijing, but certainly seen in this tuesday evening in hong kong. it's been an extraordinary day. meredith suchster with us. meredith, we all learned the history of 1842, and then to 1860, and then the 1999-year lease of 1898, that is gone. as you mentioned earlier, we've got to get to october 2. there's an imperial history to hong kong. are we going see an imperial beijing take over hong kong? >> if you look at the statement from earlier today, tom, i think what we're going to see is beijing trying to find a way lessen the immediacy of attentioning around the protest and focus on the long-term nity and development that xi jinping are confident about returning to beijing. the protesters are focused not on october 2, but they're focused on 2047. that's the date when the one country, two systems will cease o exist. tom: the other thing is the focus on taiwan, as all are focused on hong kong. describe for us standing together in 19

this is bloomberg. ♪ tom: good morning everyone. francine: sorry tom. tom: please go ahead.ay. francine: look at that, we are matched. tom keene in d.c. and i am francine lacqua in london. fascinatingave a conversation coming up tom with the new managing director of the imf. tom: this is before their annual meeting. she comes from the world bank, looking forward to her important speech this morning. a little bit of news flow to say the least. with a news flow that is out there, my interview with her for a good 30 minutes, i hope will set the tone as we move forward to those meetings i know you will be attending as well. deutsche bank will make have to -- will make about half of its 18,000 planned job cuts in germany. the bank wants to rely on savings. good to bank has about 92,000 employees worldwide. that was the latest from our amp -- from our reporting on deutsche bank, that story breaking in the last hour or so. marcus fromow is bloomberg opinions. it seems we were talking about hsbc yesterday. hearing 18,000 but half of that would be in germany. how much pushback will t

tom? tom: thank you. francine lacqua in italy, and i'm tom keene in new york.don, an expert on the administration response to crisis, stephanie baker, or bloomberg senior writer. let me begin with an open question. esther pompeo is distracted in europe, -- mr. pompeo is distracted in europe trying to make it business as usual. is there any way anyone in the administration can do business as usual? stephanie: i think it is hard right now. today, we are likely to see a huge fight between the state department and congress. we have state department inspector general who has made an urgent request to present documents to the house. we don't know what those documents are. i think there will be intense interest in what those pertaining to against the backdrop of a fight on whether or not pompeo will let state department officials testify before the house and the impeachment inquiry. tom: does he have the right to block them from testifying? stephanie: well, this is going to be the fight. i mean, the terms are very contentious. pompeo wants to have trump administration

tom: ok.a is, you know, on a reform process in some dimensions, on an increasing control process in other dimensions. the reform momentum has not been lost. they have not abandoned the fundamentals of a sound growth model at their stage of growth. the dynamism at the microeconomic level is really, truly impressive. so i think if you are giving them grades, they would get a higher grade than some of the ones turning away. tom: dynamism is the keyword. professor spence, a school to the north, called columbia. michael spence from new york university and kit juckes with us as well. we have so much to talk about. michael kremer joining us later. we will look at bank earnings at 6:00. francine and i are thrilled. he will join francine on site in london, james bullard on the regime change of course of the st. louis fed. 3:00 a.m. at like this morning watching the st. louis cardinals. this is bloomberg. ♪ ♪ francine: this is "bloomberg surveillance." tom and francine from london and new york. time, we

tom: you read my mind.t predicting what the general election will do? therese: the polls are showing a strong lead for the conservative party. wildlycorbyn is a unpopular leader of the labour party. we have to qualify that, because ly, polls are aggregate and how this breaks down by constituency. the conservatives are likely to lose big time in scotland. we do not know how labour league voters will break. they might go for the brexit party because they want to get brexit done. it depends whether the election is before brexit or after, and on what terms. conservatives are leading. that does not mean they would get the parliamentary majority. francine: who wants an election? therese: boris johnson. francine: even if he gets the deal through? therese: he would like to get the deal through and then election. the longer parliament scrutinizes this deal, we have talked about amendments added, but the more they unpack this deal and take it apart line by line and look at the reality of an internal border between no

tom: an opportunity?use both sides are motivated to come to a settlement. economy hasemy -- been clearly affected, but they can hold out as long as they want. in the u.s., economics matter in the election and the u.s. economy is growing but has been impacted. manufacturing have -- has slowed. consumers remain strong at the next round of tariffs will impact them. tom: corporations adapt. do you have an optimism that corporations can adapt to the revenue pulldown we see of any global slowdown, trade slowdown? david: they can. it depends on how domestically oriented they are in the u.s. as marv and/export economy. they have changed the supply chains. they have moved away from china and this is probably permanent. moved 75% ofowned their manufacturing to mexico. not every company can do that and are moving to southeast asia, but this will be a permanent change given the geopolitics. companies are adapting. they will cut costs. it depends on whether the consumer remains strong in the u.s. because that is drivi

tom: bloomberg surveillance. francine lacqua. tom keene in new york. a lot of news.iviana hurtado. viviana: incoming european central bank resident saying president donald trump's trade war with china -- she told 60 minutes he could lift that burden. >> it is key that president has is in relation to credit stability and uncertainty. it is the unknown which is hurting. 1, lagarde november takes rains at ecb. trump's allies are putting together a list of possible replacements mick mulvaney. former new jersey governor chris christie and matthew whitaker are on this list. president trump is said to be unhappy with mulvaney over the white house apostle response -- white house's slow response on the impeachment inquiry. ouster are demanding the -- the government is considering a wealth tax while living wages intact. intact.ng wages global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. tom: there is a backstory and that is multiple reports as worldwide. there managing protest in lebanon -- t

peter: no, tom.decisions but it is making life more difficult for powell in interprets of communication. the rate cuts have been a precautionary measure against any downturn. the stock market is the opposite. things are looking great. i don't think it will change the nature of the decision because i think a rate cut is pretty much baked in but after, it is going to be more difficult. he will be caught between what the market is doing and what the president wants him to do. tom: folding it into the equity markets as well, i'm sure in your commerce bank day-to-day, you'll run into somebody who is gloomy. what do you say to the gloom crew? >> my initial reaction is i have a lot of sympathy with them. i have to say that the one thing which i tend to say, a lot of the things which we talk about in our day-to-day fundamental analysis of markets no longer apply. we really have interest rate where is they are now. companies like -- making pretty decent profits over the course of the last two years. i think i

tom: thank you.ight now, and we are watching that sterling is a barometer for the back and forth on brexit. we come up a little bit on -11. let us move on to the second stream -- screen. we had 14.21 on the vix. 1:08 65. 108 .65. -- while we were doing this you were reading up on the e.u.. francine: this is according to spoke -- according to sources that have spoken to bloomberg. not seeing a brexit deal possible unless the u.k. moves. in two or three days we thought brussels and the u.k. were follow -- far apart. , soaw the gap shortening the fact that they could find an agreement, which seems to be the sticking point now is that boris johnson is close to signing an agreement, which is why the sides entered these negotiations. it would be the probe brexit in dup that- and the would reject the deal. the problem would be westminster more than brussels. tom: back and forth as far as we go. let us look at the sterling charge. boris johnson 30 days. the -- the prime minister having a good week. the move

francine and tom? tom: viviana, i thanks so much.racter for francine and i to speak to katherine mann out of o.c.d. and out of a classic text book of years ago. so in a short interlude here on the early morning of washington, we're going to go back to first principles with professor man and do that on the trade deficit and its sustainability. you broke a monocombraff -- monograph 21 years ago for president trump and suggest he hasn't red it as well. let's go back for first principles, why should we not fear a trade deficit? ms. mann: a trade deficit points to an economy doing really well and points to an economy with robust consumption and robust investment and uses imports in order to improve purchasing power for business ansd consumers. so you like imports and they're an indication of how well the economy is doing. tom: he's got smart guys around him why can't they convey the mann religion to him? katherine: i think there are a couple issues that are at odds. first, of course, we have to remember that the u.s. actually does quite w

this is "bloomberg." ♪ tom: good morning, everyone. i am tom keene.ting on tiffany and lvmh. let me show you the chart, what we're talking about, relative underperformance of tiffany as well. the success of tiffany that we saw from 1987 to 2007, and then it flattens a little bit. that here is where lvmh is $120 a share, while the presumed the press this morning that number would work i. -- work higher. deborah, it is not bogart. it is not been clear. what is tiffany to the fence european conglomerates? certainly tiffany can be positioned as lvmh from the u.s. but also offers an entry point for luxury to the millennial generations. it is gifting. it is diamonds. it is sentimental. it offers slots in addition to what lvmh has on its plate. tom: i've not done the mathematics, but you go out two standard deviations up on the latest long-term trend. one dollar 20 -- $120 a share is nowhere near that price point. do you just presume that this is the first bid in lvmh or others will come up? >> it is quite interesting because if we look at what lvmh is rumor

tom: appreciate that.xt hour is an exceptionally important speech by prime minister johnson. we have images of the house of commons preparing for this. the attorney general making comments here as well, preparing for prime minister johnson as he pleesd and asks and speaks to brussels. sterling with a slight lift. this is bloomberg. good morning. >> i think that does require a careful examination through some channel of the means by which we are to be governed after we leave the european union. i'm not enthusiastic about the scrutiny of judicial appointments. the government has no current plans to -- ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 ba

tom: ms. essay, but there is the issue about republican control of the senate. because of the structure of how we vote in america, is republican control of the senate still a given? likely,he margin would potentially have the potential to get smaller. if you look at states like colorado and iowa, we were , i thinkhe other night the type of democrat that would challenge a republican like joni will be not a progressive democratic-socialist but a more moderate democrat, a democrat.-esque type i don't think when you look at this in the prism through the media, that it is resonating on the ground in conservative states. tom: kevin cirilli, thank you so much. kevin: go, nats! rose, the cfr of foreign affairs magazine, out front with trump's middle east. i want to go to one paragraph which goes to the news of the read, butrd to president putin exemplifies how a wily leader, on and on, there was the leader of russia and the leader of turkey shaking hands. give us the ancient tone of that in the modern

tom: we have to leave it there.on this fed day, and the politics of washington. david rubenstein out with an important new book on american history. this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. this morning, it is fed day. the theme is hawkish cuts. in this hour, we have questions of tony crescenzi of pimco, questions, and curb dis-aversion. it is the end of the clinton doctrine. rubenstein on the value of our considered history in these turbulent american times. it morning "bloomberg surveillance, everyone. this is "bloomberg surveillance -- good morning, everyone. this is "bloomberg surveillance ." what is the urgency at credit suisse, deutsche bank, and

tom: first let me correct your president. every allegation about the vice president in connection to ukraine has been unequivocally the box. this is about a president that his attempt to distract attention from his own impeachable this conduct. by deflecting attention onto the biden campaign. and onto the vice president. what has taken place is wrong. and what the dnc has done is, we have called and equipped -- unequivocally and forcefully for facebook and other networks not to air ads that have false information. and these are provably incorrect assertions. incorrect his way too tame. these are lies. we have forcefully called for facebook and all the other networks not to our them. and plot cnn for not airing lies. the role of the dnc, some people have said you should be airing at sprint again, the dnc -- should be airing ads. again, the dnc in 2012 as an appendage of the obama reelection campaign. the rnc in 2020 is an appendage of the truck reelection ampaign. -- trump re-election campaign. the dnc in 2020 is running a cam

tom: one final question.eam in hong kong look at it now as a different regime that beijing has moved on from the anniversary celebrations? iain: there was obviously in the months, a bit more leading up to october 1, people thought beijing would try to quell the movement so that they weren't embarrassed and that raised worries of troops in the streets . that did not happen but you did see some of the worst violence and an 18-year-old protester was shot. there is no real milestone. the district and local elections that come up in november, there might be moved to animate the protests towards trying to get a more democratic representation. at the moment, it is not clear. it will be protest against this mask long and more extreme measures potentially from the government if they choose to invoke more hours under emergency law. tom: thank you and all of our team for your reporting over the last number of days. it will be today and through the weekend. imagine if there wasn't a brexit and the turmoil of washington w

tom: we moved up to 21%.any of our view confronting alzheimer's within their family. i want to go back to first principles. trade-weighted broad dollar. this includes everything else in the basket. the rubin dollar here with dollar strength and the president all worked up about this recent dollar strength. how strong is strong? we need a big move to get the trumpian angst. >> the dollar it doesn't look as strong as in the past but from a valuation standpoint it's hard to get a big move. once the move starts to happen you can get a lot of momentum. our long-term fair value estimate is 133. we don't think we are going to get there soon but that's the kind of target you could have. is it now time for emerging markets to do better? clearclear brexit, if we trade, is it time to get away from the u.s. only focus that's out there? there's a lot of emerging-market currencies that are cheap versus the dollar particularly in latin america. we keep having these idiosyncratic stories popping up which make it difficult fo

francine, tom?in, texas of geopolitical futures to speak with us on any number of topics. the news of flow and 11:50 last night has revved our script and -- ripped up our script. george freeman on turkey and president trump. the resident acted unilaterally. how will the pentagon respond? how will the state department respond to what appears to be a single action by the president? it is the president's job and responsibility. they will do what he says. the basic point is this. turkey is the fundamental power in the region. it is a long-standing ally of the united states. there has been huge tension between the two countries. clearly trump wants to go beyond those tensions and is willing to sacrifice the kurds, at least partly, in that pursuit. it is not an irrational geopolitical move and how they handle it internally is ultimately a decision for the president. look for syria territorial cohesiveness, i use that word myself. do you assume that mr. trump and mr. erdogan are pushing the kurds towards a

radio host in new york in greenwich we have tom perelli he is an america's voice news contributor as well as executive advisor to cloud hub and in paris we cross to. he is a social media expert as well as teacher at science perry all right gentlemen cross rules in effect that means you can jump in anytime you want and i always appreciate joe i said in my introduction here that one news narrative must prevail and all other is vanquished and i'm like you i watch media all day long all kinds of it ok and there is something. different now than it was a few years ago where you don't just have different opinions of a different opinion you're not only wrong but you're morally wrong you're you don't have moral standing for your position in public life that is a very dangerous place to be joe. think about where that declaration is coming from it's coming from air quote anchors who are supposed to be objective be seeking truth supposed be asking questions and listening and challenging when necessary not to go into interviews where they have a pre disposed opinion of what they believe is right

tom? >> thank you. >>> and new messages between boeing test pilots suggest the company may have been aware of problems with its 737 max jets before two fatal crashes. the company has turned those text messages over to the department of transportation. here's abc's alex perez. >> reporter: those newly revealed messages between boeing 737 max test pilots shows that even they were surprised at how the automated system dramatically took control of the aircraft. it's running rampant in the sim on me, one pilot referencing the flight simulator. the plane is trimming itself like crazy. the 2016 messages sent two years before the flight control system called mcas was linked to crashes in indonesia and ethiopia, killing 346 people. >> the test pilot seemed to indicate that they thought that the simulator was causing a problem in activating this mcas system when it shouldn't have been. in reality, it was the airplane that was doing it. >> reporter: tonight, the faa administrator is demanding an imme

tom? tom: let me do the data. i have one screen again, two days in a row.ave been quiet even after the speak from yesterday. we are watching oil. it is a little weak, a little weak on the turkish news, but i don't want to oversell that. francine, futures advance. francine: i think they are a little bit in a holding pattern. certainly when you look at european stocks, they are higher than yesterday. but investors are trying to reappraise a host of potential headwinds. looming trade talks between the world's economies. on the world's biggest economy, it seems trade negotiations are going nowhere. they are escalating when it comes to tensions. they are due to restart tomorrow, but the relationship between the u.s. and china seems to be deteriorating by the day. joining us now from beijing is salina. we were hoping for a status quo, may be some kind of many trade mini trade deal, but it seems things are escalating. what is the point of no return? broad possibility of a trade deal is close to none, but now the possibility of a mini trade deal seems to be low. th

tom: well done. -- to 7.03.down technically not a big deal but the vectors clearly stronger. let me go to the bloomberg to bloomberg toesteemed get into our esteemed guest get t this is what our viewers and listeners feel. this is one measurement, the cleveland fed, and it shows a persistent inflation above 2.5%, now nudging near three percent. one measure the fed would use is the inflation rate, the cpi, which is set below the cleveland fed, and now there is this new gap of the powell inflation versus may be the inflation we feel as well. it's a good stepping point to wolfgang when shao joining us. looking forward to a discussion in a bit. very perceptive on the u.s. economy and also the global instance as well. this does not go away. how we measure inflation, what the public feels is a higher rate than what central bankers use. why do they do that? to somes interesting accent psychological question. people focus more on the bad news than on the good news. that explains quite a lot of the perception

bush, tom dupree. he is "outnumbered" and we are so happy to have your expertises we try and navigate through these legal issues. what do you think about the fight that went on yesterday? also, the way both sides are portraying it, once they come out? to me this is the reason why we want to do these things in public. because everybody is claiming something different happened behind closed doors. what are your thoughts? >> tom: first of all, the little argument we saw yesterday is really a preview of what's to come. particularly, as you note, as this whole impeachment inquiry and proceeding progresses to a new stage, a public stage, where will there will be a spotlight. i expect is this thing moves forward and legislators ask questions of witnesses in front of cameras that we will see a lot more of these battles, these accusations, the sort of bickering is going to continue. >> melissa: emily, i am relying on catherine herridge's reporting, here. she says -- this is the point of what she's hearing in on

[applause] tom: i look at -- [applause] tom: i look at this issue of trait now, and from where i sit iteged is tit-for-tat, not only with the obvious statement, but the united states of america and china, but as you mentioned, switzerland, and it affects everyone by now, this trade war. how would you define the trade war at these meetings, and what is your to do list to remove this from this tit-for-tat? kristalina: we are going to get and then meetings and showing this graph, we are going to be saying, we are going to be talking about trade peace, not about trade war. tom: i heard that phrase. who invented that phrase? [applause] and what is so very obvious is if i can up back on the screen -- tom: yes, i want to go do that next. kristalina: back on the screen if i may. great. tom: that is so gloomy, just like the imf. [laughter] kristalina: who says the imf is gloomy? , we are being instituted to help the world have more stability. --have more stability [indiscernible] looking at this graph, what is so very obvious is that it is the indirect impacts that we fight. loss of confidenc

tom: we have about 8000 off-line stores.e: -- we have about -- jane: we have about a dozen off-line stores. the growth has been tremendous. they have been in the third tier, fourth tier, 50 or cities. it has been working quite well. it is more than 50% year-over-year. tom: you expect those numbers to continue in terms of growth? our: as long as we keep education, we will be able to gain more market share. taylor: that was the ceo of c trip. electric vacation is proving extensive. one major u.s. automaker says it will be putting most of its money into ev. we discuss next, this is bloomberg. ♪ taylor: this is "bloomberg technology." i'm taylor riggs, in for emily chang, in san francisco. all eyes are on electrification. on tuesday, general motors laid out an aggressive approach to electrifying its lineup, saying the bulk of r&d will be spent on ev's and not combustion engine cars. but is demand for ev's still there? in a regulatory filing, tesla reported their u.s. sales fell 39% in the third quarter. the numbers continue to r

tom? >> stephanie, thank you. >>> back here at home, new developments in the search for a little girl who vanished during a birthday party. she disappeared saturday night. police have released new surveillance video, asking for help in identifying a possible witness. here's steve osunsami. >> reporter: the surveillance video birmingham police are sharing tonight shows the kidnapping in progress last saturday evening. 3-year-old kamille mckinney is seen with another child at the playground outside a birthday party, when a man walks by. look again, this is the man police need to find tonight. >> i'll do anything to have my baby back. >> reporter: authorities underline that he is not at all a suspect, but instead a possible witness to this. a second man, who is a suspect, who then leads them away. one child made it home that night, the other, who her family calls cupcake, is still missing. >> we want to see if he has additional information, if he has something more for us. >> reporter: survei

tom: the answer is yes.zing thing about the success in wearables is that the battery life for a lot of smart watches remains limited. i think the fact that they have been able to do so well with what you thought would have been a gating factor to succeeding wearables, having to watch it doesn't last 24 hours, it's very remarkable. but what was so interesting was, 17% sales growth when you adjust for the iphone, so they do have a fair amount of growth going on if you can set aside the mature iphone market. taylor: i want to look at a chart i'm showing a bloomberg audience. it is total cash, which is still above $200 billion, minus $100 billion of debt or so, which leaves you about net cash of $100 billion. where should the company be using their cash? tom: the big story has been returning cash to shareholders via dividends and buybacks. i think what they need to lean into is basically new products and new services to diversify their revenue away from the iphone. so you are seeing that were -- that more with k

tom: then what is your target for gold? stefan: 1650 actually. tom: by the end of the year?fan: on a 12 month horizon. tom: ok. another quick question on this push for additional fiscal support. we have heard this from the imf. can you trade that development? stefan: i don't know if you can treat it directly. but what it does is it extends the cycle. so what we are looking for is the first half of next year donald trump will probably $400nce a $300 billion to billion package. they will be a risk on signal. broadly speaking it should lift the overall market. individual sectors and so on should deal with the difficult, but what i mean by that is we will not see a recession in 2019. 2020 should also be relatively safe. david: ok. hope is not, we just the fed. these rate cuts from other central banks will not just anend but perhaps vanquish upcoming recession. is that possible or are we kicking that can down the road? stefan: this has been one of the longest expansions since 1854. we are already breaking putting much every record that exists. it is not really a question of is th

tom: douglas, tom here in beijing.e to another entrepreneur and business owner in hong kong, a few weeks ago, david young, the founder and ceo of green common. he talked about the relationship between tenants and landlords. take a listen to what he had to say. >> at the end of the day, landlords and tenants are absolutely interdependent. one cannot survive without the other. so it has been difficult, and some are very slow in addressing it. i think that will really hurt the long-term relationship and business opportunities. see moreou want to action from the authorities to pressure landlords on this issue? douglas: yes, i think so. actually, the business is so even if the landlords wanted to charge us zero rent, we would still be in trouble, it has been that bad. typicallyops, rent is 30% of our outgoings, so we still have to pay rent, wages, electricity. it is bad. of theat have you heard announcement of additional stimulus? is it going to go any way in addressing pressures you are under, and how much more would you l

but i know tom from a different role. tom's brother, john wiley, was a member of thresher.e has been there with kevin and i at many meetings, representing the families and expressing rationale and reason why the thresher memorial is rightfully here at arlington cemetery. so tom, representing the families, welcome to the podium. [applause] mr. wiley: thank you, admiral. senator shaheen, vice admiral, rear admiral, distinguished guests, thresher families, friends, thank you all for coming. on behalf of my family and other thresher families, i would like to thank kevin, president of the anc thresher memorial foundation for his dedication, sacrifices, and persistence in arriving to this special day. the placement of the thresher memorial in arlington national cemetery is a momentous achievement. thank you, kevin. [applause] my name is tom wiley. i'm very humbled and privileged to stand here before you as as thresher family member. my brother, john joseph wiley, graduated with distinction from the united states naval academy in 1951, and was on the thresher. he was my older brot

tom? >> kaylee, thank you. >>> next to that manhunt in kansas city for two men who allegedly opened fire in a crowded bar, shooting nine people. killing four of them. police revealing these images of the suspects a short time ago. the bodies of the victims now taken away in a coroner's van. here's stephanie ramos. >> reporter: tonight, the search is on for a pair of gunmen police say are seen here in these just released surveillance images. witnesses say the two walked into a packed kansas city, kansas, bar overnight and opened fire. at least nine people were shot, four of them killed. their ages rging fm 20s to 50s. >> we went inside and found four hispanic males that had been shot and were deceased. outside, we located five more victims that were transported to area hospitals. >> reporter: authorities say the incident may have stemmed from a dispute between one of the suspects and the bartender hours before the shooting. but just after 1:00 a.m., witnesses say the two people may have ent

host: tom lobianco? guest: to the last point it feels that way about trump throwing pence under the bus. it felt that way with the trump press conference where he talked about releasing the tapes, and some robbins of whether or not his people are behind this washington post story. host: the one that came out last night? guest: i'm sure the sources are impeccable. great reporting behind it. it feels like trump is wrapping his arms around pence and not letting go. host: the headline of a story came out last week. pence seeks to dodge impeachment spotlight as the impeachment inquiry could test pence's role as a zelig-type figure. does he have that impression among people who cover the white house and the vice president? guest: where he is right now reminds me of what was happening with the trump-russia investigation. on the one hand you would have his folks say he's incredibly influential. he's keeping the country on track. he guides policy. you make him sound very important figure. when you ask about this

laura: tom lobianc tnks for being with us. tom: thank you. ura: the power ofoems is cited by lovers of the english language as one of the great gifts of literature. atthey can that our esirits and ex our love. i can words heal, too? that is the premise behind the u.k.'sar first poetry cy, which distributes poems, not pills, to make you feel better. reporter: through the doorway they come with issues to share, to talk, to offload, as they buy on this chair. strangers, doesn'tt matter, doesn't have to do. what they do is prescred words in tin form of a problem. >> wh-- poem. c wt poetry can do that no other art can't quite do is eak intimately from one person to another. reporter: the first ptry pharmacy in shropshire. >> people come in and i asked them how they are doing, the thgeneral well-being, and then i prescribed a pm. do you have a particular condition? >> i am too busy. i think i should be dog mething. >> the problem i have poem i've chosen is " postscript" by shane masini -- seamus heaney. "whe the windn light are working off eachther

tom? >> pierre, thank you. >>> to politics and breaking news from the campaign trail concerning senator bernie sanders. the presidential candidate leaving desert springs hospital in las vegas a short time ago. you see him right there for the first time. doctors revealing he suffered a heart attack. let's get right to terry moran. terry, this is big news from the campaign trail. >> reporter: it sure is. and as you saw, bernie sanders left the hospital, walked out himself. he says he was feeling great. he's heading home to vermont for a few days. a short time off, he says. but as you point out doctors at that hospital confirming when bernie sanders showed up complaining of chest pain he was diagnosed with a mild myocardial infarcti infarction. that's a heart attack. and they inserted two stents. unblocking the artery that caused it. all other arteries were normal. sanders saying he will attend the october 15th democratic debate. whether his health is an issue there, he will have to address i

tom: so the answer is absolutely. that long ago, we used to joke that it was a great time to be a b-list actor with all these streaming video services that were coming online. the difference with apple involved is now it's time -- your time to be an a-list actor. if you think of jennifer aniston and sick of the other a-list talent they're employing. oprah winfrey. so apple has the checkbook to write some massive checks if it wants to pursue that opportunity even more so. taylor: as we take a look at balance sheet dynamics you look at $1 billion in cash and then you a $65 billion in cash flow. we've heard next neth flicks of negative cash flow and burning the money. how does free cash flow factor into your analysis here? tom: basically the free cash flow that apple generates not that long ago when netflix was a smaller market cap, in a good quarter apple could have bought netflix. so the beauty of apple's business motto is primarily focusing on the high margin products within a category. they think of them selling the

tom lobianco. guest: yes. it is -- i think, and one thing i noticed is that the heicatures on both sides, is trying to push trump off the cliff? i don't see that happening. we have some historical evidence to back that up. in october of 2016, he had the opportunity to replace trump at the top of that ticket. he did not take that attempt. was that after the billy bush incident? guest: yes. to the callers point of pence i try not toler, deal in absolutes because it is impossible to know. i try to point this out in the book. peopleone hand, you have who split with the christian rights and the broader politicized movement over that point. over trump coming in. you also have people in pence's orbit and his advisors and friends -- and here's the interesting thing -- two biblical allegories explain why mike pence is there. how can he stand next to donald trump? here is answer. trump'sis immanuel to .pic and as her never can a trying to keep the broader populist sake. to the, he is joseph trump's faro. he is placed by

tom lobianco is a longtime mike pence reporter. i don't know if that's on your business card -- [laughter] but he has covered mike pence from the statehouse to white house for a host of organizations including the associated press, cnn and the indianapolis star. he's a regular political analyst on national television and radio. and he is not currently employed as a staff writer anywhere because he has been writing this book and now touring the on it for the last six months or so -- [laughter] >> it feels like that. >> but his book is "piety and power: mike pence and the taking of the white house." so i have kind of a similar question for both of you or which is give me an origin story for your subject. so for mike pence or the council for national policy. and it doesn't have to be the whole story, but just give me an origin story that helps explain why we're here talking about them and why they matter. >> sure. so i started covering mike pence when he ran for governor. he launched for governor of indiana in june 2011, and i've cove

whatever people want us to do we're already doing it. >> tom, it's worth to look at your plan.ll be hearing more from you in the days to come. tom steyer, thank you so much. >> thank you so much. >> "squawk alley" is back in three minutes. don't go away. i am royalty of racing, i am alfa romeo. - [spokesman] if you've tried colleg(group cheering)shed, snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu quadrupled their money by 2012? and even now many experts predict the next gold rush is just beginning. so don't wait another day. physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown. - [narrator] today, the u.s. money reserve announces the immediate release of u.s. government-issued solid gold coins for the incredible price on your screen. these gold american eagles are official gold coins of the united states and are being sold for the price on your screen. - pick up