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tv   Bloomberg Markets Balance of Power  Bloomberg  June 18, 2018 12:00pm-1:00pm EDT

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with a focus on the economy. >> immigration back in focus. pressure forced the white house to change courts? then, the battle for the senate taking shape and president trump playing major roles in virginia. and protecting american elections from cyber threats as the midterms near. we will discuss whether enough is being done. ♪ >> the emotional separation of
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parents from their children. the policy has ignited nationwide protests them is putting pressure on republicans as we are furthering midterm elections. the white house reporter is in texas at the border. tweeting this out saying, w not have a policy of step rating family at the border here it tell us what exactly is happening. >> what is happening is we are seeing coming to the area to draw attention to the issues. i followed around two senators. you know, they are just trying
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to get public attention on this and it seems to be heading in that direction. mediae it a lot on social as well. people are speaking out against it. that is something democrats want to do. very quickly, a phone call. changing the policy. they are trying to pressure colleagues across the aisle, republicans in the house and the to push the president because they are his allies, and if the president will not make changes in policy to the legislation that will be complicated to actually pass. reporting on of the u.s. mexican border.
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very familiar.separating childrm their families. >> the reason why this is place, ifin the first these cthrough and claim asylum, they will not be separated. is the policy that we will prosecute if you cross the >> mark, thisly is bad for business and that for policy. no republican or democratic agrees that separating children from families is smart politics or policy that you have the base of the evangelical movement led by franklin graham, the son of billy graham. no one knows better than mike pence. how do you fix this? >> if wants to see this happening, they set it on the so -- sunday show.
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the only places you are coming in, there was a story a couple of years ago that i sought recently that talked about in so -- sunday show.blem -- the administrationma faced as they threw away the safeguards so all the children n were being thrown back out in the middle of the country and in many cases falling victim to sex sweatcking and working in shops. not being in place with a family members. there is a crisis both ways. as the secretary of homeland security said this morning, we cannot just assume everyone coming here with a family is not -- is actually a family and that there are other -- are not other things taking place. >> cannot control whether they're driving you in the car. they have a legislative
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obligation this week -- is actually a family and that there are other -- are not other control to fixplace. this. is the house speer paul ryan the right person to do this or is he totally week at this point question mark >> we should see if we can deal wiany issues of the president and one of the platforms has included nearly doubling capability of the border and customs patrol to have detention centers and close loopholes where we are being forced to it a detailed children because we can access and that. >> trump sowing confusion over the weekend by mixing up immigration bills next week. this is a reason some people say they are frustrated with the president. his ownresident hurting cause? >> he doesn't -- it does stand the compromisof legislation. with them too meet talk about immigration.
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it is the president passes expectation that they do their job. eventually signed into law that closes loopholes funds border security and ends the diversity and other factors creating the crisis on the border. >> do you expect the bills to pass and be signed by the president? will it affect the midterms? >> i am not sure if this will be a defining issue in the midterms. i know the president wants something passed into law that he can sign. ultimately it will come down to house republicans being able to reach a compromise on what they can agree on. freedom ccus cannot compromise with what speaker reiners doing. is the speaker just totally week now? >> it is on issues across the board.
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90% of what you want and say yes. call for the last 10% but le not stop progress because get 100 set ofn what they want. get 100 set of what they want. >> vice president pence involved in bilateral trade talks with china. bloomberg economists are saying potential trade wars gdp growth for both countries. what gives? >> it might be an overestimation -- estimation. while there might be some bumps in the road at the beginning, long-term benefit for american workers, this is great for 5, 7, 10 years out and beyond. we know china has a plan to dominate in the most critical industry in the world economy. got to be able to fight for american intellectual property in american workers to compete on a free and fair or sick call trade policy and i
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think that is why you are seeing the president take a tough line on it. >> thank you very much. with get a check on the markets. another day of u.s. stocks being down. abigail doolittle with more. abigail: you are right. declines for the major averages. well off the lows. now down about .6%. still on pace for his worst day of the month. a 1% decline for doubt. around a possible trade .ar continue away a misleading to the s&p 500 and the nasdaq. let's look at the s&p 500 by hopping into the bloomberg. this is on the s&p 500. lower on theare 1.5% in sympathy with oil and that ther
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supply will be smaller than planning. three sectors down more than 1%. and t supply will er than com on bottom. let's look at a stock weighing on the telecom sector here at at&t down 2.7% as at&t star time warner under an umbrella. that merger put in place a bidding war between comcast and disney. and -- made a 65 three to compete with $52.4 billion bid. this is been great for the shares of 21st century fox. let's look at a chart because as friday, up 11 days in a
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row, its longest winning streak ever gaining 15.8% of . it will be down to the wire to see whether the winning streak can continue. let's look at big tech stocks helping major averages at his point. cebook, microsoft, amazon, all of the shares had been lower earlier and now investors are buying high-quality -- we hava bullish mention with an analyst saying the upside is that -- essential. gaining 65% over the last few years. these keep on going. >> coming utatewide gerrymandering challenges. will it impact the midterms? that is next. ♪
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shery ahn: let's get a quick check of first word news with mark crumpton. they are simply enforcing the nation's immigration laws. have -- don't have the luxury of pretending all of individuals come into the countramily unit aren fact a family. we have to do our job and we will not apologize. ts will the longer look the other whale and families try to cross the border illegally. policy has resulted in nearly 2000 miners separated from their families in the past six weeks.
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special counsel robert mueller examined a previously undisclosed meeting between longtime trump copper -- confidant roger stone and a man who allegedly tried to sell him confidential information about hillary clinton. stone did not disclose the contents in his interview with the committee but says he believes the man was an fbi informant trying to set him up to undermine the trump campaign. the special counsel spent months in the 2016 question. a bullish -- merkel accepted a two week deadline. the interior minister wants to deal with the government. another sign of improving , marshr in the
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opening and closing ceremonies of the upcoming asian games in indonesia. in the coming months. global news -- air and on tick tock on twitter, powered by more than 2700 journalists and analysts in more an 120 countries. i am mark crumpton. this is bloomberg. shery ahn: thank you. court casoubt on the voters ability to challenge for being excessively partisan. debtigh court set aside for mulligan's setting voting lines favorites own party per the ruling suggests parties should proceed on a district by district basis. joining us now is the bloomberg supreme court reporter greg p to have you back. how big a blow is this for democrats? can you hear me?
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my question was how big of a blow is this for democrats. that was the latest on the supreme court decision, parties and janet -- gerrymandering. this is expected to be a big low for democrats. used for this midterm election. >> there is no question about it. we saw this play out to some extent in southwestern pennsylvania. connor able to defeat the republicans. democrats are etc. -- are upset about this. they don't like this at all because the supreme court sidestepped the issue.
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that said, i am not sure it does much to change things. a lot to fire up the progressive base as well. >> table, and i say it is very strongly the democrats thought. they are really obstructionist and they are trucking. -- are obstructing. the united states will not be a bed it will not a refugee holding facility. it won't be. you look at what is happening in europe and wt is happening in other places, we cannot allow that to happen to the united dates, not at my watch. for the rest of the world, you look at every weighing taking
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place and you see. if the democrats would sit down obstructing, if you have something done very quickly . good for the children, sit for the country, good for the world. you can take place quickly. you can have an immigration bill and child separation and we're stuck with horrible laws. happening is so sad, so sad. and they can be taken care of quickly, beautifully, and we will have safety. would you be something maybe even for the world to watch, just like they're watching our
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great economy how it is soaring. they could watch this. we have the worst immigration laws in the entire world. nobody has such a sad, such bad, and in many cases, such ho and tough. you see about child separation and what is going on there. remember, we need borders, looked security, we take a at the death and destruction that has been caused by people country, without going through a process, we want a merit-based immigration system so that all of the people, all theye people here today,
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are coming in, they are people that came on merit. people stuck across the border, and they can be murderers and these can so much else. countrynt a safe starting with the borders and that is the latest. now i would like to -- [applause] president trump: thank you. thank you. and again, we can do this quickly if the democrats come to the table. we could do it very quickly. the third meeting of the national space council. i want to begin by recognizing our great vice president mike pence, and i want to thank you for the incredible commitment to american leadership in space.
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i also want to thankre wilbur ross, secretary chao, director mulvay, director coates, administrator, brian stein -- >> that was president trump speaking about immigration, pinning the problems on the democrats, that the u.s. will not be a migrant camp, president these accusations against democrats for the separatist -- separation of immigrant children at the border covered it is not the son he has on that. white house officials have been unable to cite any part of the u.s. law that dictates the separations. by policy was started attorney general sessions in april, enhancing zero-tolerance. >> president trump will meet with a handful of senators later
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this afternoon in's -- including senator shelley, a republican from west virginia as well as a very conservative member from alabama. on the issue of immigration, so largely -- guided by the outgoing speaker of the house, made it very for the president to get stuff done. >> we're looking forward to getting the bills on the floor of the house anytime soon. in other news, the trend of socially responsible investing gaining traction. some activists investors and theare bringing disconnect between environmental, social,
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governance, investing. ed hammond is standing by with more. >> thank you. that is right. us.k you for joining >> it is great to be here. >> i want to go on a very punchy report reading about advisory firms and how they affect the process. nonsense, a the major advantage to wall street investors and a high conflict of interest. thinks what you really here at what could they do to make it more equitable. >> i think it is important for the role that they play. some suggest iss could sway a vote 25%. this is a big deal.
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from our perspective, you want there is moret transparency amongst the advisory firms. it -- there are apparent conflicts of interests in some cases, they are providing recommendations for their clients. >> the advisory firms, typically, there are no filtering down. they have no idea they have the influence. isn't a totally new development.
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do they care? s making money whatever decisions are being taken, whether or not they benefit, everyone seems to be winning. care what ist you going on with the retirement. the vast majority of retail investors do not know what is going on and do not know the level of activism that advisory firmsing into typically when it comes to disclosure. they are actually the employee or employer, so to say. >> what companies could be doing, this is a very controversial view i suppose,
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how it is potentially a negative for investors, it distracts companies and prevents them from doing things. talk it out a biwhat is the issue? it seems like a push at the moment is toward companies doing more of it. >> i want to make it clear, wej, really two things. first, retail investors have more transparent window what is going on with yesterday, and the second, and provides value for the stock helping for average investors. i think it is questionable. there was a study released for
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manufacturers a few weeks ago that basically looked at this with a sophisticated study studd they came to the conclusion that despite the arguments, that this type of disclosure and prove -- disclosure provides value for the stock, it is questionable. is thatrgument surely the companies being expected at the moment to pick up where the politician has picked up. concern not just at the top of the agenda and just ignoring everything else. >> i'm with you by the way and that is a good question. we need a national consensus and a lot of these issues. linemen,omes to the in they are second to none when it comes to oarsmen and compliance across the board and i would venture to say our companies are the cleanest in the world.
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>> is that because they have been historically regulated to do so, or under pressure with investors? , or under pressure with investors? >> they are responding to environmental regulation across the board and this is a weakness of some, or under pressure with investors? >> they are responding to environmental regulation across the board and this is a weakness of some of his proposals. the proposal will often suggest a regulatory framework which doesn't exist. >> drastic deregulation. investors don't expect them to behave but where does it end? >> it is a good question. there is a lot of mythology around the deregulation piece. administration rolls back on -- onerous burdens administration put forward. but again, compliance is second to none. >> another area is from the likes of blackrock and becoming much more vocal from what they expect to. do you think there is a disconnect between the interests
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of some of the biggest money managers and the smaller retail investors that your -- your group represents question mark as i do. look. this goes back to some the earlier questioning. they were using management of assets to pursue some type of local social agenda they didn't agree with. they really care about it. >> the retail investment typically has less time and less means to actually exercise voting power. they actually enable retail investors to have more of a voice and do more when it comes to voicing concerns. >> it is a work in progress.
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is important for us to work together to figure out how should we move forward? is there a way to provide a greater voice to retail investors? there are some ideas, proportional voting for example has been thrown around, it is something we would consider. >> working progress rather than a silver bullet for now? >> precisely. >> thank you for joining me. back to you. for thatank you conversation. bloomberg's deal reporter. let's get a check of the major averages. we are seeing pressure for u.s. stocks. the dow is down 7/10 of 1%. falling for a fifth consecutive session. the s&p 500 is down 4/10 of 1%. the only sector in the green is energy. crude climbing as producers were set to discuss a smaller than expected boost. president trump moments ago talking about establishing a space force which will be an
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equal branch of the u.s. military. we are not seeing a reaction on defense stocks which are still down. the nasdaq is also losing ground at t moment. down 3/10 of 1%. most stocks at the moment in the red. get to the headlines with bloomberg first for news, here is mark crumpton. mark: thank you. democrats have ramped up their attacks on president trump's policy of separating immigrant children from parents across the mexican border illegally. toeral lawmakers traveled texas to tour a former walmart that has been turned into a detention center for 1500 boys. the trump administration calls the policy a deterrent to illegal immigration. moments ago comments at the white house, the presidents of the u.s. will not be in his words, a migrant camp, and again quoting, not on my watch. police haveer stopped about 100 migrants from reaching the border with croatia.
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the group has moved toward croatia where hundreds have been staying in makeshift camps while looking for ways to reach western europe. migrants have recently turned to bosnia in order to avoid more heavily guarded routes through the balkans. in other news, in japan, an earthquake has killed at least three people and injured more than 200 others. quaclick struck osaka -- osaka with a magnitude of 6.1. many factories stopped production. red square was reopened to world cup fans today. fans from around the world were enjoying the famous moscow site and say they felt safe with the presence of heavy security and detectors. red square had been closed since before saturday's taxi crash that injured eight people. the closure of red square in the early days of the world cup was upsetting to many fans and tourist's. global news, 24 hours a day, on air and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg.
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shery: geopolitical fights have online.m the ground to our next guest, has spent much of his career as an army officer and later, an fbi agent fighting terrorism. some of it from behind the computer. he became one of the first tuon the alarms on the russian propaganda for the influence of the 2016 election. we welcome clint watts, author of the new book "messing with the enemy, surviving in a social media world of cap -- of hackers, terrace, russians, and fake news." great to have you with us. in your book, you tell us about your experience talking with some of these terrorists and spies on line. what are your biggest takeaways from those conversations? clint: with extremists come it they often have more in top -- in common than they do with the leaders, the ideologues and
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politicians like guide them. there are similar characteristics. the one big difference is an idea. what are they fighting for? what do they believe in? when you are talking to them, they have very common conversations, things they worry about, things they like to do, that you do. you can build rapport with them. it is when you get into the ideological debates, that is where it goes differently. into russia'sked infiltration into the u.s. elections extensively. how well-prepared is his united states right now compared to back in 2016, going into the midterm election? clint: it is only a modest improvement since 2016. we have seen election defense and infrastructure protection's move. cybersecurity funding going to place. you are seeing states trying to prepare for 2018. what we can't defend against is whether the united states or the europeans's influence around voters and their opinions. that part is still a big downfall for western democracies. fascinating a
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issue, particularly with the rise of social media. i read the book over the weekend. a great read. it is literally like a spy novel. eal-life spy novel with technology. how does facebook and twitter and all of these different social media companies better prepare themselves? they are trying to self regulate, but is not enough? clint: it is fascinating, the improvements, and social media has taken this without legislation for the most part. we have seen congress during the zuckerberg hearings that was not great about asking questions to get to the bottom of things. facebook has made major advancements over the last year. they have put in some of their own internal controls. the problem is the social media companies don't work together very well. what we have seen in the hacking for protections around cybersecurity is easy banks working together, manufacturers working together, to defend their systems. that hasn't happened in social media. kevin: that is a great point. when i covered the target data breach, you did not a
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financial institutions actually trying to alert some of their many of -- some of their merchants and retailers about what was going on in the book -- about what was going on. in the book, you talk about how they are trying to cultivate different sources as well. i was struck about the hiv-aids epidemic and how russia hackers tried to spread concert -- conspiracy theories that the u.s. was falsely -- this is incorrect -- spread the hiv virus. and tried to use something that the u.s. did as a positive to hurt the u.s. special interests. i am putting this to the context of today in terms of what is going on with the elections. what has the u.s. learned based upon the repeated mistakes of what we have done in the past of leading rusher infiltrate us on a host of good things around the world? clint: it is fascinating. from what i can garner, what russia is trying to do is move to alternative news outlets around the world and try and understand how these committees
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work and what they engage with. the big takeaway is not just for countries, but for companies. the places they will go for hacked information, compromising information, is banks and law firms. that is where secrets are at. that is where you will see hackers tend to focus so they can compromise their targets which is a new level of risk management that we need to look at if you are a corporation. the other part is smear campaigns. they are not just against countries. we always have to be in our mind, be prepared for a smear campaign, what is our response plan and how will we mitigate that damage to a company? shery: is the enemy always a country? social media can be manipulated by o campaigns. clint: i think the biggest take away i have had since 2016 is it is not russia we need to worry about, it is everybody else. we are seeing duplication of these techniques, particularly in the southern hemisphere. southeast asia has been a big
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playground, philippines, seeinga, now you're these political campaigns. they are going to be even better. they have advanced technology. they are going to use artificial intelligence and ways russia could not have done. a topic isgood something as divisive as immigration these days for these trolls? clint: immigration is one of the most powerful messages. whether you are russia influenced or in aligned effort, someone who thinks like that. nationalism rather than globalism, and particularly immigration, those are powerful messages that have connected from western europe all the way to the united states. shery: thank you so much for your time. clint watts, former fbi special agent and author of the new book "messing with the enemy, surviving in the social media world of hackers, terrace, and fake news." stewart,ming up, corey most republicans don't want him to run. they are running away from him, but is he still running?
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he says senator tim kaine hates america. this is bloomberg. ♪
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♪ shery: this is "bloomberg markets: balance of power." i'm shery ahn in new york. kevin: i'm kevin cirilli and washington, d.c. by corey stewart, trying to unseat summit -- senator tim kaine. republicans are running away from your candidacy. why? corey: i beat their guy. i beat their guy and virginia. they took the best shot they could. the president is behind me, and we are going to win this thing. it will be more competitive as the president said. kevin: he tweeted about you. did anyone from the administration call you? corey: we think we will be working together. kevin: has it steve bannon call
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you -- called the? -- called you? has he offered to help your campaign? corey: clint: i can't discuss that. kevin: the kochrothers, a dominant force, in terms of raising money for candidates, have said they will not back you. they will not put money in your race. if you are not going to be able to raise money, how are you going to win? corey: there is a difference between saying the koch brothers will support you and saying you will be able to raise money. got to be able to raise money. the republican party is in a lot of transition right now. it is becoming the party of donald trump. you still have these holdouts like the koch brothers on others who want to keep it at the same as it has always been. they don't like the candidates like myself who are pro-donald trump and strong supporters of america first agenda. kevin: but they are pro-donald trump. [laughter] kevin: they are. corey: they are for amnesty. are not a big fan of the
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president's crack on illegal immigration which is one of the biggest platforms i'm running on. shery: what do you expect the for them to and force you to endorse you entually? corey: n virginia cares what the art -- but the nrs see. the only thing the matters with the nrc is a money that can -- they can provide to a campaign. nobody cares what cory gardner things. shery: think some people are carrying on primary day, actually supported you and then tweeted a picture of you next to confederate flags. how will you change the perception by some that you are a racist? corey: it is just not true. i challenge you orbody else in the left-wing media to find one races thing i have ever said. one. i can't control those who support me, what is in their hearts and minds, i can only
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control what is in my heart and my mind. i don't have a single racist bone in my body. shery: you took the gop nomination by having hard-lines. do you believe that will give you the votes in the general election when you need more moderates and swing voters? corey: i have taken a hard line on illegal immigration. -- the left west wing media to conflate immigration with illegal immigration for my wife is an immigrant. i believe in immigration. provided is -- provided it is lawful. , ms 13, 80%we have of members who are in aliens, who are committed vicious crimes against adults and kids. that has to be rooted out. kevin: no one likes ms 13. i was embedded in the trump campaign. i have talked to family -- families who have been impacted by am 13. the most press -- pressing issue in terms of what congress can do is this issue of these kids but are being taken and separated
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from their parents. theuestion to you is as party of family values when franklin graham, the son of billy graham, comes out against this policy by president trump, when laura bush former first lady is calling this cruel cool, how can you defend this policy? and surely you don't like the policy? corey: nobody wants to have kids separated. that. likes to see however, this policy was put into place by the obama administration, the law has been there. what is the option? the reason the policy is there in the first place is because you don't want the united states marshals arresting and incarcerating children. you do have to do that for their parents. they came across the border illegally. if you do it with the obama administration did, i saw the effects firsthand, and you let people come in, i do this catch and release, then you have a massive humanitarian crisis at the border of a much greater
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magnitude. kevin: we don't have one now? corey: it will get bigger. kevin: 2000 children separated, is a not a crisis? corey: six years ago, when we had these kids coming across the border, what was happening to these kids i came out without parents? the message was sent that if you send your kids, they will get into the country. what happens is they get sold, they get sold into human trafficking. we don't want that to happen. this may seem tough and it is, at if you want to avoid massive humanitarian crisis of the border, we have to do this. corey: president trump is going to meet -- kevin: president trump is going to meet with republicans. does because ryan have republicans aligned? , buter you blame on this this tension between the republican party to get to a position on immigration has been going on before president trump. is bigger ryan the outgoing speaker, the right person to unify republicans to get this across the finish line? corey: i don't know if he is. if we don't have real border
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security, these problems at the border will continue. we have to have an construct a wall. that is the only way we will have law and order. and protect people. ask you aboutto something else. this economy has been growing. a lot of folks in your state are concerned about the president's trade policy and proposals. do you agree with him on how he is bigger shaded with china and to get out of nafta? corey: yes, this is my background. presidents before donald trump and going all the way back to reagan have said, we will get tough on our trading problems -- earners, but when push came to shove, they never put down the hammer. they never pulled through. as a result, our industries, our workers, have been run over by unfair trade, especially from china. it is time to make sure that you have your products come to the united states but you have to open up your markets to our products. if you don't, we will slap these tariffs on you. he is doing the right thing. kevin: what do you say to small
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businesses who are saying that this is going to hurt their supply chain? corey: i have traveled all over virginia. towns, i see once thriving industrial centers where people had jobs and good manufacturing jobs are gone. you know why? not because we are not efficient. american workers and businesses are efficient. their products are being kept out of foreign markets. you have to bust of those open in order to bring that -- back manufacturing. shery: the problem is the president is getting to decide who wins when it comes to the jobs. steel and aluminum industries will be helped but some manufacturing jobs will be lost. what is the president get to decide that? real: because the only authority he has with congress is under section 232. the president has the ability in the name of national security interests to slap tariffs on aluminum and steel and other products. leverage he has over our foreign trading partners. that is what he will do to make sure they relent and open up their products and markets to
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american goods. shery: how does canada and europe -- how are they a national security threat under section 232? that is the key issue a lot of members are not happy with. noty: remember, it is whether the country itself is a national security threat. the question is whether or not if you empty out america's aluminum and steel making capabilities, is that a national security threat in the event of a war? that is why section 232 is there. kevin: mitch mcconnell, should he be out? i think he needs to support the president's policies more. i want to talk to the guy. i haven't had the chance yet. kevin: he hasn't called you i'm assuming. corey: no. i haven't called him either. steve can't -- steve bannon campaigned for you, would you accept that? corey: that would be great. i have respect for steve bannon. kevin: tim kaine, you don't think he hates america? corey: i do.
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i think he hates what america -- i do. help u.s. does that interests to suggest a senator hates america? corey: because tim kaine wants the united states to be more like europe. he doesn't like the country. kevin: does that mean he hates america? corey: he wants to move it forward. kevin: that is different than saying he hates america. corey: he wants to move it to a social -- socialist model. tim kaine, the far left, radicals with taken over the democratic already, they are so hateful of the president of united states that they will even undermine american interests just to undermine the president. to me, that is hating the united states. kevin: would you ever vote with a democrat? virginia is a purple state. votingif a democrat is to support the president, to lower taxes, bring back business, if a democrat is voting to secure our borders and andy the humanitarian -- kevin: who is your favorite
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democrat? corey: harry truman. comingwe appreciate you on bloomberg television to talk about everything. appreciate your time. we believe it there. shery: let's get a check of the major averages. we are seeing u.s. stocks in the red. the dow is falling for the fifth consecutive sessions, down 6/10 of 1%. the s&p 500 is down 4/10. most of theirs are falling right now. energy shares are up. oil rising before that key opec meeting this week. producers were said to discuss the smaller than expected boost to production so that is lifting. the nasdaq down 3/10 of 1%. all while treasuries look mixed. the 10 year yield inning around, around 2.9%. we will have plenty more coming up. this is bloomberg. ♪ this is bloomberg. ♪
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♪ kevin: this is "bloomberg markets: balance of power." i'm kevin cirilli and washington, d.c. in newi'm shery ahn york. advanced micro devices, amd, is our stock of the hour. the semiconductor maker having its best -- best day since april. the stock again in close to 6% in one point. up 4%. emma chandra is here with the latest. bad news for those short-sellers. chipmaker shares are trading at their highest since 2007. come into the bloomberg can take a look at g #btv 881 eight. you can see there has been a 65% surge in the last two months. $6 billion in market values. coincided with the peak in bearish bets back on april 24. be able toes to trade. 19% as of last week.
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amd is actually one of the best performers year to date. if you take a look at the philadelphia senate -- semiconductor index which i will bring up, you can see it is getting 65% year to date. it is a top one within that index. it is benefiting from increased demand as we look towards -- powerful.ore computers and analysts bullish for amd at the moment. they are saying its ability to gain market share from intel is looking positive for it in the future. kevin: the sector is under a lot of pressure, especially about concern on the impact of terrorists -- tariffs being proposed by the immense treasure up your 20th think of that? emma: if i change of this function here that we are looking at the semiconductor index to one day, you can see there are stocks in the red and there is concern about how the semiconductor industry will be affected by this escalating trade war that you discussed on
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balance of power. broadcasted its ambition on wanting to become a major player within semiconductors pay the trump administration's list of chinese goods include a variety of semiconductor products. we have to wait and see how exactly will be affected. the sector, not doing great. shery: emma chandra, thank you for that. coming up, tomorrow on balance of power, goldman sachs chairman and ceo joining bloomberg editor-in-chief john nicollet live from the economic hub of new york. that is 12:00 p.m. eastern. if he missed on any of our charts, gtv go is your function. this is bloomberg. ♪
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mark: i'm mark crumpton with first word news. comes immigration policies under criticism from democrats and republicans, president trump is it again defending his administration's actions. pres. trump: the united states
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will not be a migrant camp, and it will not be a refugee holding facility. it won't be. you look at what is happening in europe, what is happening in other places, we can't allow that to happen to the united states. not on my watch. homeland security secretary kirstjen nielsen also discussed the policy, telling a law enforcement congress in new orleans that order agents are not the rule by separating some children from their parents. iraqi shiite forces and a syria are accusing the united states of targeting their troops inside syria with an airstrike. the iraqi group known as popular mobilization forces says u.s. aircraft fired two missiles sunday at a group of fighters deployed along the iraq-syria border to prevent reaches by islamic state. the u.s. denies the charge. there is talk of a


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