Skip to main content

tv   The Pulse  Bloomberg  May 30, 2016 4:00am-5:01am EDT

4:00 am
>> you are watching bloomberg television. let's get straight to the bloomberg first word news. gold has fallen for the ninth day in a row, its longest losing streak in the year, in the dollar strengthened versus all major peers. that is after janet yellen said on friday that an interest rate increase is likely in coming months. the shanghai composite close flat. treasury 10 year future contracts fell by the most in almost two weeks. treasury bills, notes, in bonds are closed worldwide today. the yen sank to a one-month low versus the dollar, in the topix saw its highest close since may after a tax
4:01 am
increase would likely be delayed. retail sales in japan stalled in april. grew slightlynomy faster than originally estimated in the first quarter. growth accelerated to 0.6% beating estimates,. france's gdp report shows business investment jumped 2.4%. the sunday times reported that the company may improve its bid for months and to this week. the revised offer good value the company at about 66 lean dollars, -- $66 billion. the ceo of singapore's commodity trader noble group has quit. the company says it has accepted his resignation, with three men replacing him. their shares have plunged 60% in
4:02 am
the past year with questions about its accounting practices dogging the company during the commodities crunch. markets are closed in the u.s. and u.k. today for the memorial day and spring bank holiday. let's check in on what is trading. equities, at european the stoxx 600 pretty much flat at the moment. the dax is posting some gains at 3/10 of a percent, cac 40 off by 1/10 of a percent. let's look at currencies. poisedstrength today, for its biggest monthly jumps in september, 2014. you can see the euro-dollar on unchanged, the yen weakening against the dollar, falling to a one-month low. let's take a look at commodities. gold falling for a ninth day, its longest losing streak in the year. losses and wti and brent as
4:03 am
companies move to preserve output. coming up next is the best of "with all due respect." ♪ m: well -- mark: the republican party got to taste test two new brands on the republican side. the new trump brand in the classic trump brand. hillary clinton was rebuked for her use of a private e-mail server, and we all took a brief trip back to the 1990's. >> ♪ >> so you think you are a 1990 same? >> the 1990's or better. >> can you handle this? they were the best of friends. but now, is donald bluffing or
4:04 am
is he opening a full house? will hillary be saved by the bill or can donald exploit those not so wonder years? >> i have no idea what i'm doing. >> tonight, mark and john explain it all, so you won't be clueless. we have all that and more on this special edition of "wadr: i love the 1990's." john: there is something more recent than those wonder years. hillary clinton and donald trump. >> the state department's inspector general released a report on hillary clinton's use of the world's most famous private e-mail system while she was serving a secretary of state. this scathing report confirms a lot of things we already knew, like that her e-mail practices violated state department rules, but also that she was not the
4:05 am
only secretary of state to do government business on a personal account. still, is very tough report, written by barack obama's government, also told us some new and important things. first, clinton herself in some of her aides did not cooperate with the investigation; second, when some staffers raise questions about her e-mail told it hashey were been reviewed and approved by the department's legal staff, despite the report's findings that there was "no evidence that staff in the office of legal advisors reviewed or approved your system." the camp says, nothing to see here. the republicans, of course, were quick to jump on the news and condemn her judgment. thosef course, questioning her judgment include the likely file, donald trump, billionaire. >> as i say forget hillary, cooker -- crooked hillary, crooked hillary.
4:06 am
she is as crooked as they come. she had a little bad news today, as you know, from some reports that came down that weren't so good. but not so good. inspector general's report, not good. but i want to run against hillary. i just want to run against her. know ---- look, i don't it could be we will run against crazy bernie. john: not good, he says about this report. we will talk about it during the show all night, but let's start with the basic question. what has it become in the wake of this report? mark: not good as a matter of substance. the report is scathing, and it does confirm a lot of things we knew. it raises a couple new things, which will have some follow-up reporting, like the story about people raising red flags, being told nothing to see here.
4:07 am
politically, i think it's still rests with the fbi investigation. will there be some criminal element, criminal charges brought against any aides? that is the big cocoon. this brings it back to the surface. today will not be the last time she talks about this. indictment of her judgment in a serious way by an independent investigator. we will see if they decide to attack the investigation. i will say this -- she should cooperate. i am sure her lawyer saying you can't cooperate while the fbi is looking at it, but if she wants to be president and have a commitment to the facts, she should have cooperated. john: two key things. for a year we heard, this is not unusual. this report makes clear it was very unusual. the private e-mail account on a home server, secondly, they made a big point of saying she always was to cooperate with everyone.
4:08 am
sheis willing to testify, has offered to testify to meet with the fbi. her being willing to address these issues is an important political talking point. the fact that she is not cooperating -- she should have done it on the politics. john: goosifer, the romanian hacker who claims he breached it illegally, pled guilty today in federal court. mark: as part of a deal. john: the report also says that there was at least one instance in which the server seem to to be under threat by somebody trying to hack it. that will be looked at, in the fbi will have to -- mark: i know we both think that if there is a proven instance where it was hacked, and some classified material was exposed, that is a big political problem. ever since it has been clear that trump and clinton would be the nominees, it has
4:09 am
been a tale of two trumps. one is that of the new trump brand, hitting stores near you. he defied conventional wisdom again by uniting his fractured party faster than expected. then there's the other storyline, the stubborn persistence of trump classic, a candidate as divisive as ever, who still sparks unrest and divisiveness. demonstrators clashed with police outside a trump rally albuquerque, throwing bottles at roxanne setting things on fire. inside, protesters repeatedly interrupted before being removed, but instead of trying to defuse the tension, trump did what he often does -- he inflamed it. >> you can get him out, get him out. get him out.
4:10 am
bring him home to mom. go home to mommy. go home to mommy. get him out of here, get him out. get him out of here. he can't get a date so he is doing this instead. go ahead, get him out of here. this is so exciting, isn't it? still wearing diapers. look at this kid. the kid looks like he is 10 years old. today, trump tweeted aboutbring him home to mom. it. "the protesters in new mexico were thugs flying the mexican flag. the rally was big and beautiful, but outside criminals!" today in a rally he was once again interrupted. mark, it looks like this is back. the disarray. it's a different world. we are in a general election context. how much worse are the optics in this new context? john: i am a big fan of the first amendment, including the right of speakers to speak. i think if this continues day in, day out, it will be part of the clinton campaign to paint him as a chaos candidate. i think his conduct in those
4:11 am
clips is not a winning formula. it is trump being trump but he can do it in some other way. on balance, it is a net negative, but there is an upside, because it does rally his base, and they will pay more attention to it and people who are voting on other issues. mark: i think his base is already rallied and will be for a long time, i just don't think it helps him. what i keep thinking about -- you are the persuadable voters, who are on the fence? do they look at that donald trump, that mocking donald trump, that behavior, mocking, bullying -- you can think the protesters whatever, that they aren't allowed to disrupt, but the bottom line is that's inflaming it rather than tamping it down. for undecided voters, that is not a look that's appealing. john: i agree in the first blush that it is correct, but this is
4:12 am
a guy who has said and done many, many things, more outrageous and he is even in the polls. thatat kind of behavior will make it? i think the press will obsess more than it matters. mark: just a be clear, i am not assessing, it will be decisive, but if you think about the way ges liketon feeds -- ima this, if they play out -- john: the images -- mark: i think his reaction is not particularly helpful, in the images are bad. john: donald j. trump, billionaire, is working on another label. he has been pretty successful, so far, at consolidating support with inside the party. the latest news from this front is reported by our colleagues.
4:13 am
they reportedly last night that the house speaker, paul ryan, is telling confidants he is not ready to endorse him's as the party presumptive nominee. today ryan says he still hasn't made up his mind, but a spokesman told bloombergpolitics that the speaker and he would talk by phone this evening. meanwhile, the name of his former running mate is still being mentioned as someone who might consider jumping in this race as an independent or third party candidate. if he does endorse trump, which we expect, how will that impact any calculations romney has about getting in this race, and being after trump? john: i don't know how serious he is. there are obviously people who are according him to try. look, it will make it harder. it would be a lot easier for romney on two levels. having ryan as an ally would make it easier for him if he wanted to. two, in any scenario by which he
4:14 am
becomes president, it is almost certain that it would be a race decided in the house of representatives. having paul ryan be a speaker of the house and on his side with make securing the presidency not totally impossible, and would make it easier than having ryan be the official trump backer. mark: i think the stop trump's movement rests solely on mitt romney. deliberations have been more detail that have been reported so far, but it is still difficult for him to do. i think it clearly becomes much harder. it is already hard for people in the anti-trump movement to say, a lot of people i respect are endorsing him. for romney to say, this is a moral outrage, that he could be president, when the guy he picked, whose judgment he has celebrated -- i think we cut the
4:15 am
legs out from his moral position that he wants to take. john: coming up, brian fallon joins us. we will talk about the economy, donald trump, and so much more, right after the break.
4:16 am
4:17 am
mark: welcome back. joining us is brian fowler. thank you for crossing the
4:18 am
bridge. which bridge did you come over? >> brooklyn. ,ark: we pointed out earlier that year obama campaign manager for 2012 had trouble answering the question of hillary's economic questions. can you tell us what her original -- >> first of all, i thought his answer was just fine. our infrastructure proposal would invest $500 billion into rebuilding our roads and bridges and will put a lot of people to work. one of the first pages we gave in new york city at the launch of the campaign was about raising wages, and in that about ashe talked profit-sharing proposal that would incentivize companies to reward workers whose productivity has been -- that is a different proposal. john: is there anything original? >> the level of investment that far exceeds the president's, sure. john: how would you pay for it? >> by asking the wealthier to do
4:19 am
more, including closing corporate tax loopholes. also, i heard the discussion the earlier segment -- you guys should know that we put out a raft of different proposals, including targeted tax credits for things like prescription drug costs and childcare, but we have not revealed the full extent -- john: more is coming. >> absolutely. and we did that on purpose with an eye toward preserving -- highlight some of her general principles regarding how tax policy relates to economic growth for families. >> i think there has been a lot of coverage this effect, which is that hillary clinton views the tax code as a vehicle for helping incentivize responsible behavior by corporate citizens. you have a profit-sharing proposal and mentioned she would also use the tax code this incentivize some of the
4:20 am
irresponsible corporate behavior ,e have seen -- for instance she would impose a tax on companies that try to reverse themselves and register themselves as abroad. that is something we saw president obama crackdown on but she would go further and say all the profit target offshore -- we read wait for you to patriot them. we will tax them immediately. she also has a proposal where she says if you close a factory in the united states and move jobs overseas, we will have back the value of your r&d tax credit that healthy subsidize research. mark: i am asking -- how would you characterize her philosophy? is the umbrella? >> i think our story we tell the general election is that president obama has a herculean task in terms of lifting a country out of the great recession that rivaled the
4:21 am
depression several decades ago, and that is prosperity that is not fully shared. we still have a staff deck where too much of the rewards of the improved economy are going to the top in terms of sandia pay, shareholder dividends. not enough is flowing down -- john: she would support economic policies were to take money to the people well off and doing well, and move it to people lower down the ladder? >> that is what the tax proposal to incentivize profit-sharing is all about. it is a carrot, not a stick. we think it would be a significant inducement, and we think it is smart corporate behavior. obani, look at ch the ceo made headlines a few weeks ago for announcing he was going to reward his employees with stock. we think that is the type of smart, forward-looking approach to running your business we should incentivize. john: at the end of four years
4:22 am
of hillary clinton's first term, how would middle-class families be doing compared to now? >> she has that her number one goal is to see wages rise. i won't put a number on it, but our goal is to achieve something we haven't seen since 1990 -- not just putting more people to work, but seeing where people paid higher wages. john: she has said president clinton will have a role in her white house. one, istell us, number he advising her now and in what ways? >> as you guys know better than most, he has a wealth of ideas at any given time. john: are their ideas she has put forward that come from him? >> what she referred to in what role he was playing in the ministrations not some official role, like the chair of the nec or cabinet post. he would particularly focus on regions of the country with disinvestment. she made the comments in kentucky and west virginia -- john: are their ideas he has
4:23 am
given her that she is using now? >> i'm not going to credit any of these proposals we have talked exclusively to him. i think that would be accurate. she has had a raft of individuals that she solicits advice from. these proposals are her own. john: she is taking criticism for this, this two for the price of one thing. is their political risk? >> i will let others judge that. she is speaking sincerely about the role she expects him to play. it wouldn't come across as genuine -- people would think is funny if she such it would take them into advice. john: let me ask you about the justice department. secretary clinton was interviewed by the fbi regarding the e-mail investigation? >> on it have an update. john: has her counsel been contacted? >> to my knowledge, no. john: when she is, when you announce it? >> one where the other i sure -- john: no preliminary
4:24 am
conversation about where and when? >> let me be clear. sometimes our political opponents try to parse words here and suggest we are being misleading. since last august when this theyw was first announced, have been in recurring touch with officials of the justice department, as anybody would. but nothing that has moved toward a scheduled appearance -- john: terry mcauliffe, a close ally, is being investigated. do you know anything about that? >> i do not. john: want to they think about his ethics? >> i haven't even seen the report. john: just in general -- >> i'm not going to weigh in on the report. mark: i assume you are aware of the instagram video posted today -- >> i heard about it. mark: you haven't looked at it? >> i watched it. this is just the latest in his strategy to try and distract
4:25 am
from an issues-based campaign, which is what we intended to run. to be honest, i think it is bad strategy. i have seen smart republican operatives go on television and say they have tested some of these lines of attack, can they alienate independent voters, especially women. to me, every day he stands engaged in this type of stuff is a misspent opportunity in terms of doing outreach to improve his numbers. john: the plan is he raises these issues, hillary clinton's complicity, all that stuff. is your plan to go for the campaign and respond in this way? your attitude -- we want to dignify it -- allegation -- these allegations go back a few decades. i don't think donald trump used these attacks as having some kind of political upset with the common voters. rick wilson and others have said -- this is bad -- here's what i think is doing.
4:26 am
i think he is trying to practice the politics and the primary, which is throw stuff out there and get under people's skin, in their heads, take whatever collateral damage it may bring. his negatives are well deserved and hard-earned at this point. people talk about the negatives of hillary clinton and him being apples to apples. he has gone out -- those are his own words, whereas for her, this is the product of attacks that it been directed at her. theink he has courted downsides of accruing these high negatives because he thinks is the way to get in his opponents head. hillary clinton is not in a go for that. she can't be psyched out. she sat there for 11 hours in the benghazi committee back in october. this is somebody who has a steel backbone. john: we will continue to practice this for the next few months and we will see if we can crack you. thanks for coming in. we have not one but two
4:27 am
republican strategists. we will be right back with them. ♪
4:28 am
4:29 am
>> japanese shares rose while
4:30 am
the composite closed flat. again sank to a one-month low versus the dollar and. increase will probably be delayed. it japan's retail sales growth stalled. the french economy grew slightly faster in the first quarter. it accelerated to 1.6. the gdp report said this investment jumped. that was helped by corporate tax cuts. quit.o of noble group has randall will replace them as ceo. shares have longed in the past year.
4:31 am
closed in the u.s. for memorial day. let's check in on the markets that are open. the stock 600 is flat. want to bring a couple of stops we're watching. this after a bloomberg report that it is choosing banks to finance its takeover of monsanto. they put forward an improved offer as early as this week. of the best performers on the stoxx 600. they fail to reach an agreement to buy. let's switch of the board and look at currencies. see the euro is strengthening against the dollar.
4:32 am
the dollar is stronger against the yen. weakness after the pboc cut. that's off the back. let's look at commodities. gold is falling for the ninth day. the drive behind gold is janet yellen's comments. stay with bloomberg. mark: our first guest tonight, two guests tonight, and they are chatty, too. thank you for being here. we've been talking about the trump donor score today.
4:33 am
how did he do it? >> he does it through charm. he vanquished 16 opponents. a very successful first outing with the rnc. it shows the party unity starts from the top. mark: you are for trump -- and you are not. you acknowledge this is an impressive list. if he can put together a list like this, why not say -- >> donors fall into basically two categories. most major donors are staying out of it. open to funding an independent candidate or they will sit on the sidelines.
4:34 am
the other group, some of them are saying i am on board. others are saying, i do not want to be seen as being disloyal for the party. push comes to shove, if this race is truly winnable for trump, he has the capacity to fund it. mark: update us on where the search for a third candidate stands. dan: no update. i would say the odds are -- kellyanne: i think you would find amelia ehrhardt before you find -- john: i want to ask you both, if the people on "the new york times" list will never give to
4:35 am
trump and you have these people on the other side, is this enough to get trump the amount of money he needs? kellyanne: it is an amazing and impressive start. those who are going to give but have not yet given, trying to decide where is a safe, comfortable vehicle? is there a super pac that already exists? a lot of folks are #neverhillary. john: if they hold, will trump be able to raise enough money? dan: i do not think donald trump -- that will not get him a fraction of what hillary is going to raise. the idea that he will be able to
4:36 am
compete on resources -- we are at the end of may. >> romney lost eight of the nine swing states. mark: was president obama born in the united states? did vince foster commit suicide? if donald trump asks you if you he should keep talking about these things, would you say yes or no? kellyanne: i do not think he talks about where president obama was born. and vince foster was a footnote. he is responding in kind to hillary clinton saying he is not good for women. the 1990's, the main thing he is talking about, bill clinton and women in the 1990's.
4:37 am
what people are going to focus on, this is a man in power and he was having affairs with subordinates in the white house. the man lost his law license in the state of arkansas. mark: are you concerned about him going to these places? dan: it is ludicrous that we are in 2016 and we will have a national election about bill clinton in the 1990's. if i thought the state of the republican party is pathetic, it would take it to a whole different level. kellyanne: i believe his speech was about guns in washington state and they did not cover it. they only covered what i said about bill clinton. john: by the time he left
4:38 am
office, democrats winning in the midterm election, gaining seats, almost unprecedented. an approval rating north of 60% after republicans made a crusade about this. how is it politically savvy to relive something that did not work the first time? kellyanne: i hope the campaign is fought on issues. nobody has asked me to compare the health care plans of donald trump and hillary clinton. let's be fair, this is what people are covering now. hillary clinton is explaining more than she is campaigning. on your question about comparing bill clinton as a sitting president with a good economy and peace abroad and hillary clinton is not the president. it is a really weak response for her to say, all of a sudden, it is the royal we.
4:39 am
now it is the royal we. we reformed welfare, we created 23 million jobs. dan: i agree that this trump tactic will jostle the clinton campaign. honestly, what voters is he appealing to with this message? maybe consolidating the hard right. if he has to do that in late may, that is problematic. who is he speaking to with that? kellyanne: i hope eventually he gets her on health care, the fact that she has been in public life for 30 years and has done nothing to improve the lot of women. she has improved her own lot. she got millions of dollars to
4:40 am
do speeches. she is not even that interesting to listen to. let's force a two-way conversation on abortion. let's show who is really extreme. it reminds people of how long the clintons have been around and that is not a subtle point. you are promising to do all of these things, but what have you done? mark: i think she has done some stuff to help the lives of women. kellyanne: she ought to talk about it. mark: paul ryan, on the precipice of supporting trump? dan: i have nothing to report.
4:41 am
mark: you are very close to him. will you be disappointed if paul ryan endorses trump? dan: yes, i will. all republican leaders should think twice about endorsing someone who is trafficking racism and sexism and misogyny and is not a conservative. john: when you see rick perry -- dan: i think it is pathetic. john: rick perry had the same views as you on donald trump, but now is supporting.
4:42 am
dan: paul's thinking on this, he thinks he can actually sway and educate trump to be a more responsible candidate, which will help house republicans. if he is able to get donald trump to endorse the house republican agenda and act like an adult -- i am skeptical. john: how do you think donald trump is going to respond to that paternalistic attitude? kellyanne: i agree with speaker ryan. if you don't like something, instead of stomping your feet outside, go inside and try to help them. dan: just the distinction with rick perry. rick perry called him a cancer on the party. but he is campaigning to be trump's vice president. this makes trump's point.
4:43 am
the republican establishment will do anything for fear of missing out. mark: we are going to vegas, we are putting all of our money on who for his running mate? >> i will go out -- i will say tom cotton. >> bob corker. mark: dan, never trump. kellyanne, trump forever. john: interesting findings from our slice poll after this quick word from our sponsors. ♪ mark: the latest bloomberg
4:44 am
4:45 am
strategies poll, this one focusing on middle income voters in the rust belt. michigan, ohio, pennsylvania, wisconsin, all being targeted by trump. they prepare to try to win 270 of those electoral votes. the managing partner of purple
4:46 am
strategies joins us from the washington bureau. let's talk about the support for this key demo. doug: clinton has a lead. she is leading by seven points. it is a true swing demographic. if you look at elections from 1992 through 2008, every single election, the winner carried this group nationally and in the states where we can look at the data, the winner carried that demographic as well. in this key swing demographic, clinton is up by seven points. john: let's look at a couple of key segments. white voters, female voters, independents. doug: we see some real polarization.
4:47 am
among women, clinton is leading strong double digits. among men, trump is leading. he has a slightly among independents as well. race is a substantial issue. white voters are supporting him. clinton, she has a strong double-digit lead with minority voters. this key swing group mirroring a lot of demographic differences. the results on the top line works in clinton's favor. mark: in the data you just ran through, if you were trump, what would make you happiest? doug: the thing that would make me happiest, i am leading among independents.
4:48 am
that is obviously something -- he wants to be winning that group. he should be a little bit concerned he is not dominating among white voters in these key states. wisconsin, michigan, ohio, and pennsylvania. trump can cut into traditionally democratic constituencies or swing constituencies in a way that can take away states that have traditionally gone democratic. this brings up -- maybe that is not going to be so easy. he will have to build a more traditional republican coalition. mark: thank you very much. we will have more slicing and dicing. john: the great will leitch takes us to the movies. right after this. ♪
4:49 am
4:50 am
john: this summer, a lot going on. a lot in terms of politics, but at the cinema, there will be a lot of juicy politically-themed movies. we asked the great will leitch to take a look and take us to the movies. ♪ >> it is almost summer and the air-conditioned movie season of comic book adaptations and more superheroes and robots is upon us. this is not the time for your high-minded oscar fare.
4:51 am
on the eve of elections, still some stones that may impact the political race. first off, "money monster," directed by jodie foster. george clooney is taken hostage by a man who lost his life savings. next, there is "weiner." remember anthony weiner's attempt to run for the mayor of newark city? there were documentarians there. this is not exactly an incident.
4:52 am
>> this is the worst. >> also coming soon, "the purge: election year." trapped on the streets of d.c., they must survive an annual night of terror. it is the purge, washington style. >> join me as we eliminate evil. >> this sounds like a movie donald trump would actually write in 140-characters bursts. we have the "ghostbusters" reboot. and that is somehow turning political. "south side with you," the most overtly political movie of the year.
4:53 am
it is a political "before sunrise." while all of the rest of us are losing our minds over this election, one envies the first couples ability to get away from it all by sitting down to watch a movie about themselves. john: you have not seen "weiner" yet? you have to see it, it is incredible. i have seen it and i will say, it is the documentary to end all documentaries. there come moments where you think, i wish i was behind that closed door. the camera is there at every one of those moments. it is incredible. from a viewer's point of view, you get to see what it was like inside that campaign in a way that does not feel cheated.
4:54 am
mark: i think "ghostbusters" is slightly overrated. john: the original? it is over. you and me, we are done. we will be right back. ♪
4:55 am
4:56 am
4:57 am
john: thank you for watching this edition of "the best of with all due respect." a brand-new "with all due respect" is back on tuesday after the holiday. have an amazing memorial day weekend. ♪
4:58 am
4:59 am
5:00 am
>> you're watching bloomberg television. let's get to the first word news. we've got some consumer confidence breaking for the eurozone. let's look at consumer confidence first. that's coming in line with estimates. we are looking at economic confidence, that is a theme actually. it's better than the prior reading. now to top stories, 10 year futures contracts fell by the most in two weeks after janet

17 Views

info Stream Only

Uploaded by TV Archive on