and wilbur ross.get some final thoughts from you. >> if we are going to attack climate change, nuclear has to be part of the equation. and trade is a five letter word, not a four letter word. america needs to stay engaged in the world. vonnie: and he saw hamilton last night and thought it was amazing. david: mr. ross? >> venezuela will be a very interesting place for people to invest but they do need a change in management quite badly. venezuela should be a very wealthy and prosperous country and it was doing fine until it got overtaken by the communists. , cochair ofn kirk the clean and safe energy coalition, thank you very much. wilbur ross, we appreciate your time. coming up, we take a look at the struggling u.s. ipo market. it could be the busiest week of the year. and later, cisco chairman john chambers joins us to discuss his companies push into the emerging internet of things. ♪ consistently inconsistent. the s&p has alternated between daily gains and losses for seven straight russians. -- sess

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joining us tonight, billionaire investor wilbur ross, chairman and coo of w.l., one of the leading private equity firms. good to have you with us. >> good to be on, lou. lou: the polls, it's impressive what he's done here, in basically a tie in florida, in pennsylvania and ohio. three battleground states. >> well, you know, in the primary, he got about as many votes in florida as she did, even though she only had bernie sanders against her and donald had at that point, i think three people against him. so his strength in florida is real. it's quite real. lou: you have decided to support some time ago, donald trump. >> correct. lou: going to turn to you about money. fund-raising for donald trump now, entering the general election phase. do you see a problem here in his ability to raise money? or do you believe people are going to get behind him and drive it? >> first of all, people can still give money for the primary because it's not over yet. you haven't had the convention, so they can still give him primary money, in addition to general election. i think he'll

have a very important guest, wilbur ross.is investments all around the world. havee: and we will chairman john chamber each in new york for the breakaway conference. jonathan: let's check out what's happening around the world.

wilbur ross may be a buyer of soured chinese loans soon.hey are hoping to clear some of their books and stoke the economy. he says it could be a good opportunity. : i'm getting very interested in china. the government has announced they are trying to develop a program to securitize the distressed loans there. withey do that transparency and reasonable be a goodhat will help for chinese strengths and create an opportunity for people like ourselves scarlet:. loans that chinese commercial banks have risen to the highest loan in 11 years. another big automaker choosing sides with right hailing apps. it will begin offering leases to uber drivers. staying with japan, the country's biggest brokerages slashing executive pay. top managers will have their pay cut by 18%. earnings in the fiscal year pledged 42%. back fromto pull european equities and reduce its u.s. stocks businesses. time now for a bloomberg quick take where we provide context and background on issues of interest. leavingocal economy is companies fighting for growth and some have tur

. >> wilbur ross made the point.here is no sign the sanders is surrendering. >> as we look at what is happening, the idea of a third-party, as mike said last week, there is still this ninegnawing thing, mention your body, bill kristol, suicide watches on for romney, crystal, a few hard nose and seemingly disinterested in reality kinds of folks. what is the future they're? >> i don't knowi don't know that it looks very good for a third-party candidacy happening. trump has been putting together a lot of the leading republicans and a lot of the republicans who are not leading. i think he is in pretty good shape. i don't think it would make much sense for bernie sanders to run a separate independent campaign. the truth is they are not ideologically that far apart. i don't think it would make much sense. lou: hell, none of us do. he is out of his mind. mid- romney has gone someplace that is just beyond imagination. >> the fact is, he's running a great campaign but has generated strong opponents inside the republican party

francine: we had a great interview with the billionaire wilbur ross and was saying something that surprisedf our viewers. he's looking at chinese bad loans and he would be very interested in buying some of these distressed loans as long as there's transparency surrounding them. do you think they look attractive at this kind of level? >> i think recently some of the large commercial banks has already decided to issue some a.b.s. products in the market. from what i heard, some of them are selling 20 cents to 30 cents to the dollar. this kind of price is attractive. roughly the same as what the bad loans was priced at during the 1998 asian financial crisis and the dollar is also a reasonable discount to some who have tolerated the volatility. it's a situation in china for willing investors. francine: thanks very much for joining us. bocom's head of research. up next, a takeover for takata. the country is set to be in talks with potential buyers. more on that story next. francine: welcome back. >> lenovo focused profits they the alysts and average was 119 million. they struggle to revise the mo

our friend wilbur ross, it looks like he will start donating. he was a jeb bush backer. donald trump will need $1.5 billion. what do you think of the fact that these gop establishment types are beginning to see the light? >> i'm grateful that they have chosen to get on the bandwagon with all of us and make america great again. they can't disagree with him on too many things. he wants to bring the economy back, he will be a job creator. those things are important to everybody on all walks of life. on both sides of the aisle. those are the issues. charles: governor brewer, a lot of people rooting for you for the vp list. coming up donald trump says he is the right candidate to take on isis, terrorism and then there is the question about money. it looks like the elites are starting to pony up some big-time money. we'll talk about it when we come back. >> i don't know how busy your schedule is, but i would think as the chairman of the national republican association and you have got your nominee in town you could make time to go see him. i have got relatives in new mexico an

neil: wilbur ross was telling lou a half-hour ago, i could see a frustrated bernie sanders bolting andning as an independent. >> he said it on "meet the press" that he would do everything he could to make sure donald trump is not elected president. you see the economic issues happening there, but we know how much worse it would be if you get donald trump in there and he's following the same old republican plan of cutting taxes for people at the very top. neil: it hasn't worked like a charm with your strategy. >> that's why there is so much chaos in the republican party. neil: i talked to jane sanders and she had a chaotic tone. >> i would rather be us than them meeting with mitch mcconnell and paul ryan. neil: i have no horse in this race, but if you look at these polls, you guys probably thought you would run roughshod over, now he's very competitive in three battleground state. >> we are taking nothing for granted. we can't take it for granted. we'll make sure we are competing he single day between now and november 8. neil: what should hillary clinton do at the convention beside put

wilbur ross getting interested in china, does that make us worried? >> you have to listen to him.response is there will be a lot of those loans. there is a lot to choose from. guy: what is your sense of, we're looking at a global economy that looks like it is more stable. the u.s., the fed thinking about raising rates. -- the size and scoped of the debt story is what is worrying people. and scoped of the debt story is what is worrying people. mark: it is going to rumble on it we saw markets get concerned about the chinese slowdown last year. we saw stimulus that took pressure of the markets. we saw a pickup in investors spending, commodity prices rallied. they cannot keep doing that. some say you've got to adjust that. the manner in which they address oft is going to be typical where markets are going to be volatile. matt: a new bring you back, mark, to europe. at the g-7 meeting, so many leaders that have so much to do they --king time what taking time that they do not have down there. what you think of the rising populism? the ecb cited that is one of the big risks earlier this

billionaire wilbur ross says he is considering buying nonperforming loans in china.bird tv, he said there could be an opportunity if beijing follows through with plans to sell the loads of asset-backed securities. in terms of distressed loans. the government has announced they are trying to develop a program to securitize the distressed loans there. if they do that, with transparency, it would -- and with reasonable pricing, that would be very good help for the chinese banks. it would create an opportunity for people like ourselves here it -- ourselves. >> the billionaire investor secretly helped bankroll the defamation case that resulted in a verdict against gawker media. he told the new york times that he made a financial conservation to the suit -- financial contribution to the suit brought by hulk hogan. the location cost him endorsements -- claiming the publication cost him endorsements. anna: haslinda amin joining us. u.s. economy is moving toward full employment and continues to target 10 -- target 2% growth this year. >> my own view is we should try to normal

francine: we also spoke to wilbur ross yesterday.said he would be interested in distressed debt in china. can someone like him get into that market? >> it is pretty risky. debt, there ised no experience on how to deal with it. you've got the legal system which has not had to deal with those issues before. you are going into an untested probablyne which i am going to leave to the asset management companies in china. tom: in your notes on china, you talk about the squeeze beginning for china. that was a few weeks ago. give us an update in a timeline of how the financial squeeze will unfold. >> what we had in march was this big credit boom. financing, andee also bank loans. every single measure of credit in china went off the scale. whatthey haven't done -- they have done is tighten regulations. ec regulations in the bond market. this has dragged a lot of the excess down. now, may, we are going to get much lower financing numbers. wheresue comes in june lots of these issues, if they combine with things like the credit default or continu