david parker at our table this morning. he is the author of this book, one nation, two realities. he's the rector of the center for presidential studies. what do you mean by doing facts and perceptions? for americansies to believe different things. forever in some ways and over the past 50 years during the culture war, americans have become more divided when it comes to policy positions and views towards candidates and values and what kind of cars we buy and all that stuff. increasingly over the past 10 different setsve of facts. fferent sets of facts. we have different perceptions of reality. host: how can you determine this? guest: i started looking at this back in 1999 briefly. i did one research project on it back then. we particular book, collected survey data going back to 2013. we have six different surveys from 2013-2017. we asked people on specific facts as they pertain to the state of the economy, climate change, the role of racism in determining outcomes, attitudes toward whether sexuality is innate or psychological, whether increasing the minimum wage helped or hurt wo

that's something david wants to be able to hand down to his own children. for my kids it's totally normal to wear it and to run around in it it's very hard to explain to a 3 year old that he has the cover of darkness because someone might run up and speak on him or harass him. that david would like to wear his skull cap all the time in public not just on the way into the synagogue. joining me now is felix klein the german government commission on anti semitism that klein thanks so much for joining us here. you recently warned jews in germany against wearing the skull cap pull or kippa openly which you did receive some criticism for but of course anti semitism isn't. isolated suggestion and you so do you feel that german jews are in particular need of protection well anti-semitism in germany is always something very special because of our historical past difficulties has the past also of course anti-semitism is on the rise everywhere in europe with my statement i want to trigger the bait about the security of the jewish institutions and the jewish community

brent: david, we'll appreciate your insights. thank you. david: my pleasure. brent: noun to how women in the ukraine are making ends meet. the countries struggling economy has led to an increase in women becoming paid surrogate mothers. the practice is being outlawed in increasing number of countries, but in ukraine it remains illegal -- a legal source of income for women who are willing to carry embryos. nick connolly reports. >> whenever the baby moves, i speak to it. at night, when i read my children's stories, it's for the baby, to your well. nick: natalia is eight months pregnant. it's a girl. but it's not hers. natalia is a surrogate. the baby's parents live in germany. >> it is such a happy moment when you hold your baby in your arms for the first time. i will be happy for them. nick: natalia's own children are only with her for the day. in the final month of the pregnancy she moved closer to the family. she took the decisision to be aa surrogatat to betterer the famiy finances. her parartner earns jusust 200 s a month.. thisis clinic attracts childless

david. david why are you considering : pardoning war criminals, and does that endanger our troops? pres. trump: we are looking a lot of different pardons for different people. some of these soldiers are people that have fought hard, long. know, we teach them how to be great fighters, and then when they fight, sometimes they get really treated unfairly, so we are going to take a look at it. i haven't done anything yet. i haven't made any decision, 2 . there are two or three of them right now. it is a little bit controversial. it is very possible that i will let trials and possible that i will make the decision after the trial. aavenatti.el pres. trump: i wish him a lot of luck. >> [inaudible] pres. trump: i may very well talk to her about that, yeah, . there is word and rumor that the fbi and others were involved, cia were involved with the uk u.k. having to do with the russian hoax, and i may very well talk to her about that, yes. getting toopelosi personal, and some of the older videos that are being disseminated is that going too , far? pres. trump: well, i don't know about the v

speaking when it comes to what happens next after the war is all off for them it's about political and david and i think that they're trying to restore it and the fans their position in yemen politically speaking they want to amend relevant the resistance movement in yemen is still very strong when it comes to popular support that being said there is an understanding now about it cannot continue much longer when it comes to military conflict and that's something we have to give the problem that we have is that on the saudi side nothing no guarantees have been given or even put forward to guarantee that. problem movement would actually have the same voice in the political future of yemen and i think that's the main worry and you know the grandstanding over ideology of the military. indoctrination i would say in this sound bite is going to get worse but the yemenis it's not helping at all the situation so i think that we need to go back to understanding what.

david: he passed on it early on. alix: there is still a regulatory headwind about google and amazon. we have a probe into the amazon user data. they compete against businesses themselves. we want to see if this is a fair use of data. david: it is so start when it comes to these huge tech companies. they are going to change the way they do business. the u.s. doesn't have a problem with it. we will see. the third company is facebook. alex webb joins us. welcome. they are going to do cryptocurrency? alex: we knew they were getting into this on some level. the wall street journal has a good story. they are looking into how that's going to work and what the implications are for the platform. david: what are the implications for the platform? explored. been they get a lot of value from their interaction with their platforms. they might pay users in the form of some of these digital tokens that can be spent elsewhere. it's a smart way of driving engagement, giving something in return. that money, those tokens can be spent o

kristen's are the same ok david 10 seconds before we go to break well i think the situation is not good but the reason why there is a lesser chance for war is because iran is in yemen so saudi arabia does not feel secure any longer iran is in syria so israel cast away its options i don't know if i don't agree with you there but i want to thank marcus papadopoulos in belgrade for joining us we're going to go to a short break and after that short break we'll continue our discussion on some real new state with our. historically 2 of his opponents used to claim that there are 3 issues. to big and 2 if you still muslim the fact is we are too poor is no longer correct because our per capita purchase parity is higher than some of the current do you member countries. this footage is unique because the zoe tribal lands are normally off limits to the public eric's allowed in because he's this is his personal doctor. people here know him simply is dr eric he's rich famous some always on the move saving yachts and flying aircraft. that. he's considered one of the best neurosurgeons in brazil. that'

we did it under a decade. >> but david -- david: that was just one, go ahead. >> but david, but even to that point, we have seen space x and the others do it more cost efficient. david: now we have, yes. >> yeah, everyone points to the space program, but there was no competition. who knows how much overbudget -- david: that's true. >> -- we have nothing to compare that to. >> i wouldn't disagree with you over budget. as we mentioned in an earlier show, we did a really bad deal compared to other countries. but democrats are wasting an opportunity here. you just talk about the 50s. they have never had a more favorable republican to do infrastructure since the eisenhower administration, with the highway system. david: he's a builder. he builds things. >> he seems to have some republicans on board with an fdr grade spending plan. they are never going to have that again out of republicans and also somebody who can kind of oversee -- i'm not taking the blame away from trump, but i do think they should work together. i don't think it is going to happen with the reality of politics. david: j

20 years ago and it's a tragic love story between an older man and a woman half his age is our man david leavitt's with mole. when people are in love they do some pretty cool raese stuff like buying expensive jewelry opening joint bank accounts going through each other's e-mails some people even write love stories but what happens when the story becomes more important than the love itself . and. agnes is the debut novel of swiss author page. it's the story of a love story gone terribly wrong the narrator is a want to be a novelist with writer's block he falls in love with agnes a student he meets at the public library no i'm not giving anything away when i tell you that it does not and as well the author makes that clear from the very beginning. agnes is dead killed by a story all that's left of her now is this story it begins on that day 9 months ago when we 1st met in the chicago public library it was cold when we 1st met and generally is cold in the city. their conversation the big topics death intimacy when agnes asks her lover who write a story about her it starts off as a game the

that be for the region should saudi arabia develop a weapons all american presidents are the same ok david 10 seconds before we go to break well i think the situation is not good but the reason why there is a lesser chance for war is because iran is in yemen so saudi arabia does not feel secure any longer iran is in syria so israel has to weigh its options i don't know if i don't agree with you on that there but i want to thank marcus papadopoulos in belgrade for joining us we're going to go to a short break and after that short break we'll continue our discussion on some real new state with our. with lawmakers manufacture consent to public wealth. when the ruling classes protect themselves. with the final merry go round if there's only the one percent. we can all middle of the room sick. you know world of big partisan. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle fo

last two years with jason who is an phenomenal as an amazing lawyer and a great partner on this and david friedman has been a great ambassador and also was a great player in his time. what we've done is they started by studying what has been tried and how people approached it to date and why we thought it hasn't been successful so the first phase is an assessment. we did that by studying the different efforts, read a lot of books, spoke to a lot of people, traveled around the region, spoke to negotiators have been doing this a long time and we spoke to the neighboring countries and really tried to pull from that what t we thought could be anhe appropriate solution. a lot of the discussion and a lot of the disagreement seems to be about these high-level concepts i found when you have a dispute on the contract you go into the details. two states versus one state i realized that means different things to different people. lee said let's just work o on te details of what that means construct the site pages, 20 pages, 30 pages and kept refining it as we would get more and more input along the

david: colin graham is still with us. david here. nice to see you. we heard that interview that we just had this morning. has the fed do you think paused or maybe ended, we don't know, its tightening cycle to at least push back any future recession far enough that it doesn't matter to markets at this point? >> i think that is one of our core views with the fed pausing that will extend the cycle. i think that is good for risk assets. it is good for some of the carry currencies and some of the front ends of the bond market yield curves around the world as well. there are opportunities out there from a global multiasset per spekt expective. our core view is that the recession in the u.s. is going to be after the next presidential elections so more like 2021. growth is strong. employment is strong. inflationary pressures are not that great in the u.s. at the moment. for us, interest rates, with real interest rates around zero. growth ok, employment fine. it is very difficult to see what is going to derail the expansion in the u.s.. as we know, expansions

david? david: washington yesterday announced sweeping new restrictions targeting chinese telecom companies, and in , which it haswei claimed were based entirely on national security concerns. i talked with wilbur ross yesterday and asked him whether huawei could turn to european companies like nokia or ericsson. >> a number of things they now by could be replaced with third parties. i am not sure it would be the third parties you mentioned. there would be some potential replacements. that would probably involve reengineering, maybe some redesign. it is not necessarily a seamless or immediate transition. they coulde material probably design around, either with third parties or do some work internally to huawei. huawei has quite a bit of technology itself. david: if huawei can find other ways of doing this, there may be some time and some difficulties, how is it protect our national security interest to cut them out from u.s. suppliers? it is not certain they will be able to find replacements

david: that is interesting. jennifer, as we go back to the possibilities, one of the issues is they require more and more divestiture, it gets less and less attractive for the partners. if the doj says you're not getting rid of enough of your prepaid visit, you have to get rid of more, at what point does it not become beneficial to the parties? jennifer: that is an evaluation t-mobile would have to do. within their merger agreement they gave a limit and say we do not have to divest more than x assets. they can wave that if they need to. they have to do the cost benefit analysis to see whether it makes sense for them to go for with a deal if they have to divest a larger package to get the department of justice ok. david: that is before we get to industrial policy and 5g. bloomberg intelligence senior analyst jennifer rie and kevin arquit, and you both so much for being with us. kohl's isd, polls -- in the crossfire with warnings of the possible effects of tariffs. our stock of the hour is next and this is bloombe

charles: thank you, david. david: i'm david asman in for neil cavuto. this is "coast to coast." trump says the u.s. is not ready to make a deal with china. edward lawrence in d.c. with the very latest on all this. hi, edward. reporter: hi, david. the comments by the president could further signaling a setback in talks might last for a while. we in the future will have a deal but maybe not today. >> i think they wished they made the deal they had on the table before they tried to renegotiate it. they would like a to make deal. we're not ready to make a deal. we're taking in tens of billions of dollars of tariffs. that number could go up very substantially very easily. reporter: president making those comments talkinging to the prime minister of japan. the chinese companies are dealing with a total of $250 billion under a 25% tariff. that is everything from technology to car parts, to other equipment. in the last 200 billion of imports where the tariff went from 10% to 25% on may 10th, any shouldn't where the importer can prove it left china by may 9th will not pay the dingsal tar

david: this is "balance of power." i'm david westin. for bloomberg work -- first word news, we will go to mark crumpton. mark: steven mnuchin hit -- is indicating he will not comply with a subpoena to hand over president's tax returns saying a dispute will likely be settled in the courts. they face a friday deadline to hand over six years of mr. trump's personal and business tax documents. richard neal subpoenaed the documents last week after termination repeatedly refused his request to release them. in turkey, the foreign minister says delaying the purchase of a russian air defense system. is not on the agenda. . the united states does not want the turks to buy the system at all and has broached the idea of a delay so it can resolve the dispute. the u.s. argues the russian system was designed to shoot down american and allied aircraft. north korea is suffering through its worth drought in nearly four decades and has led to severe food shortages. officials say an average of 2.1 inches of rain has fallen in the country so far this year,

david: there are no earnings. with amazon, we always thought if they wanted earnings, they could just get them. is that true of lyft? is that true of uber? steve: i don't think it is to the same extent. with amazon, you have people locked into an ecosystem with prime. every day at my house. with lyft, what you are playing for is the potential for what happens once you can get to autonomous. you're not paying for the driver at that point. they potentially on the vehicle. it is more ubiquitous. that is the long-term end game. there is a much longer lead time for that. it is a less certain outcome. lisa: would you be buying into this? steve: we don't talk specific stocks from my perch. ipo: ok, but from an standpoint, are you excited about the ipos coming to market? steve: we talk a lot about industrial revolution. my oldest son is in second grade. when he was born, uber was in beta. now it is going to come to market that is going to rival some of the biggest blue chips in the world. they've progressed pretty well. y

david: thanks so much. the china tariffs might not yet be hitting the economy but chief globaln, economist for citi, told us that might be affecting investment decisions. protractedthis policy uncertainty is weighing on investor decisions on what i'm going to do with my supply chain and purchases. david: rich lesser is the ceo of the boston consulting group, a global consulting firm with over 90 offices around the world. marvin loh of state street is still with us. how are they addressing the uncertainty we are seeing over the chinese situation? want to talkoften about it in terms of macroeconomic uncertainty. i think the macroeconomics of the world are generally on the more positive side. oft we've got is a period much higher uncertainty than even a few years ago. trade in china, all of the political discourse, that brings what is going on in europe come of the flareups in the middle east in the energy part of the economy. worldre now living in a the inverse of three years ago, where people didn't think ab

david: no big surprises. alix: if we get a trade war with china, what does that do to commodities and input prices and the price index? it had been rising faster than ppi. does that conversation change or does it get worse as we see higher inflation? david: i do not know whether we have talked enough about what it might do to an nation. -- due to inflation. people say it is a tax on the u.s. consumer. alix: or you could have market compression for companies. in the market it will be a risk off kind of day. dow jones futures off triple digits. european stocks also getting hit hard. cyclicals taking it on the chin. you can see the dax down 1%. in other asset classes know it is a safe haven story. yield down the bund to basis points. it is the longest losing streak since december 2018. the lowest yield since march. dollar-yen also lower. are we seeing unwind or is it fundamental? yields moving lower on the ppi number. maybe that is a commentary on longer-term growth even though the 30 year option is right around

david: it hasn't met much yet. there's a 90-day stay on this to allo companies to sortf sort their way through. but the main thing to remember is that huawei is the world's second largest producer of cell phones. they've eclipsed apple. and this week they learned they won't be able to load google maps and google search and all that on huawei phones that are sold around the world because it would be a violation of the o president'sers. so google has begun to pull back from them, as have the question is, is that just a temporary blip for them or a permanent and truly hurtfulne? robert: we know this is all a preview of that g-20 meeting next month. this is quite an exchange between abe and presidentghrump now to give us a presue of what's going to happenhen. david sanger, thanks so much for joining us tonight. aireciate it. david: great to be with you. robert: before we go, let's pause to remember a long-time "washington week" panelist. georgian guyer. sh authored 10 books and was a regular guest on this program for m

the money from the crowd funding can help david complete his imaging study subjects were given l.s.d. and put into the brain scanner with unexpected results. we found exactly the opposite of what we predicted we thought people having a trip on magic mushrooms or as the seeing all sorts of wonderful lights images you know they're traveling through space and going to magic mountains and things we thought their brain will be activated it's not switched off it's because these drugs disconnect you from the outside world you're seeing the inner workings of your mind rather than the constraints is put on your mind. and that's why they work in depression because they switch off the circuit of depression two people write to me every day almost saying can i have the treatment i say no because we're not allowed to give you the treatment because these illegals. further studies are needed but the british medical research council which is responsible for research funding is still skeptical money from the state for research into class a drugs it's unthinkable. there are two kinds of harms a drug can

david: thanks so much. the united states trade to speed with china increasingly focuses on tech as huawei suppliers stop doing business with the telecom giant. fromlcome now massachusetts matt bailey. let's focus on tech right now. much moreoming focused with respect to chip manufacturers, and google as well. how big a problem is this potentially for stocks? guest: i think it causes a further problem, and i think it will cause the market to see a lower low then we saw a week and a half ago. not necessarily below the december lows, but it really hits us on two fronts. it shows that the trade tensions are escalating in the breakdown in talks will not turn around anytime soon, but for the tech stocks, they were already showing some signs of weakness even before president trump changed his outlook or broke down their comments on the negotiations on the trade side. we heard several companies talking about weaker guidance in terms of sales, profits, demand, et cetera. this just makes the situation worse. of cours

david: derek, while the u.s. appears to be firm on china, it pulled back when it comes to negotiations with europe and japan. talk to us aboutdavid: autos. auto tariffs it has been an existential threat from japanese and korean carmakers of major tariffs on things coming and that would make these imported cars flat out unaffordable. the trump administration singled about a six month reprieve while negotiations are ongoing between europe and the u.s., and japan and the u.s.. seems that south korea might be exempt entirely. that is a move that pushes a lot of the risk of this down the way. have are companies that gone on an aggressive lobbying from the last several months, trying to make the point they are investing in states. nothing is ever completely unrelated. personally a lot of the factories of some of these companies happen to be in very red states, states that donald election,in the last critical to his campaign in 2020. they made a point of noting those manufacturing bases. number in these companies is tha

david: ok. good chart. that blue line is like an extra hash tag that you don't need for people who post on instagram. rishaad: sorry. just a quick line. xi jinping in a speech saying inclination to remold civilizations is stupid. he is speaking there at lectern. ♪ ♪ i'm carol massar in for emily chank. this is bloomberg technology. today we're at reebok headquarters. we'll hear how innovation is

david? >> matt gutman in colorado tonight. matt, thank you. >>> and next, to the severe weather threat at this hour. i mentioned at the top, a man swept away, he did not survive in the floods. and now, the new tornado threat at this hour. storm chasers tracking more than a dozen tornadoes from this system. and police conducting water rescues, pulling three women and a dog from their flooded car in austin as the region continues to get pounded. we do have the track tonight. abc's maggie rulli is in houston. >> reporter: tonight, storms firing up across the south. day two of a deadly severe weather outbreak. >> wow. look at that. >> reporter: 18 reported tornadoes tearing across the plains. four inches of rain per hour swamping drivers in the houston area, washing away roads. >> if somebody's in their car, we get them out. >> reporter: some 250 calls for help, more than three dozen rescued. students wading through the parking lot at this high school. and at one elementary school, 60 students s

that's something david wants to be able to hand down to his own children. for my kids it's hardly normal to wear it and to run around in it it's very hard to explain to a 3 year old that he has to cover the office because someone might run up and speak on him or harass him. that david would like to wear his skull cap all the time in public not just on the way into the synagogue. do you get these william noble glue craft spoke to germany's anti-semitism commissioner felix clyde earlier you recently warned jews not to wear a keep in germany but anti-semitism is nothing unique to germany it exists in many countries in the us we've seen it were jewish life is much more prominent than in germany even in israel there's often tensions on arms violence between secular and religious jews why a specific warning for jews in germany. semitism in germany is always something very special because the holocaust was invented here and happened here and of course we have to take a very very close look at the situation and with the description of the reality i wanted to trigge

david? a presidential race with more than one candidate over the age of 70, congressman eric swalwell is one of the youngest competitors. he is not the only millennial or even the only member of the california delegation to the third term congressman is looking to capitalize on gun control with a spirit of generational change. that and the fact which he was born in iowa, which does not hurt, caucus time. great to have you with us. let me ask you the most basic question. we have 23 candidates and there's only room for well -- for one nominee. why is going to be eric swalwell? rep. swawell: i believe the country once a candidate and to be a part of a campaign that goes big on the issues. no more sweeping the big issues like health care, gun violence, education, under the rug. get out of this instrumental is some and crisis to crisis government and do good in the way we treat each other and the way we govern and respect the rule of law. i've been in congress seven years. the first in the family

that's something david wants to be able to hand down to his own children. for my kids it's totally normal to wear it and to run around in it it's very hard to explain to a 3 year old that he has to cover it up because someone might run up and speak on him or harass him. that david would like to wear his skull cap all the time in public not just on the way into the synagogue. did these william know of glue craft spoke to germany's anti-semitism commissioner félix klein earlier let's listen to what he had to say about rising anti-semitism in germany you recently warned jews not to wear a keep in germany but anti-semitism is nothing unique to germany it exists in many countries in the us we've seen it were jewish life is much more prominent than in germany even in israel there's often tensions on arms violence between secular and religious jews why a specific warning for jews in germany. semitism in germany is always something very special because the holocaust was invented here and happened here and of course we have to take a very very close look at the sit

david: mr. secretary, we've had experience with zte when they were essentially shut down and then they came in and said if we make certain changes, including the board of directors and pay a large fine in some other things, would you let us back into the united states. what is the goal of these actions? is it to get huawei to change his behavior? could they come in and say we would do things differently and be able to buy semiconductors and some material in the u.s.? or, is this basically, we don't want to do business with you. sec. ross: z.t.e. was different in that z.t.e. was a settlement of a court litigation. this is not settling litigation with huawei. the litigation brought by department of justice, the indictments announced a couple of weeks ago, remain. so does the extradition request for the chief finance officer of huawei, who, right now, is in vancouver and is subject to what pendingto house arrest, the determination by the canadians as to whether they will accept our extradition requ

david? david: united states took action that could sign in the growth of chinese -- the chinese government condemned the move saying -- welcome now from hong kong, in the current. thank you for being with us. he heard the chinese response. it talk about trade. something much more fundamental at least on the u.s. side. andreas: and in fact, china had pushed back against that very point. they said they do not accept this being framed on the ground of national security. then expect -- accept the idea of expert controls. they will resolutely defend their companies and they object countries object to unilaterally abusing their law to apply sections. there's not much of a middle ground. the go speak to how deep rate comes between both countries. how much tougher china's rhetoric is becoming. >> there is a matter of principle and that is the language. is there a real matter of strategic interest of china because they have been so committed to developing their technology? and specifically 5g. this w

david. excuse me, you don't seem to have noticed the tottenham hotspur result, which was infinitely greater. ok, now let's move on from that. don't we feel as if we are now in an incredible... it is like waiting for godot, isn't it? godot is always about to come, and the two characters that they're talking about are going round in circles. that's how we all are, we don't see the mechanisms by which we extricate ourselves, we don't see them any more this week than we did last week and no more than we did the week before. we have a prime minister and an opposition leader, the two characters. yes, we do. laughing we have a prime minister who is obviously stuck and cannot get agreement for the things she wants. as the time goes on, this becomes more toxic for her party, but without any clear strategy as to how that would assist the situation. we have an opposition party which is also split, because essentially, you have a leader of the party who wanted brexit, so you get a purer form of socialis

david? >> tracking it all for us. rob, thank you. >>> next tonight to the growing battle over abortion tonight. another state in the news, this time, missouri where the senate there has passed a very strict abortion bill and it comes after alabama virtually banned all abortions. the governor there signing that bill 24 hours ago. but tonight, even some conser conservatives say this might be a step too far. mary bruce on the hill tonight. >> reporter: for the second day in a row, a state taking sweeping new action to eliminate abortions. >> the time of choice is the time of conception, not after conception. >> reporter: early this morning, missouri lawmakers agreed to ban most abortions after eight weeks, even if the pregnancy is caused by rape or incest. doctors would face prison time. the governor promising to sign it into law. >> i am honored to lead a state standing here today with many of my colleagues and with so many e standir ththout a voice. oabortion, impong9-arn k sentences on docto

david? david: let's turn back to the trade story mark told us about. we thought we were on track for a trade deal with china but then president trump rocked the world and markets with his tweet threatening new tariffs. former china trade negotiator wendy cutler says the stakes are high. the stakes are enormous on both sides and they're both facing a serious escalation of tariffs and other measures that will only affect china and the united states but they will affect the markets, global ,rowth, the asia-pacific region u.s. consumers come u.s. workers, u.s. businesses. david: we welcome congressman dan kildee of michigan who sits on the house ways and means committee. he joins us from capitol hill. thank you for joining us. you heard what wendy cutler had to say. gives an insight into the democratic caucus. what is the progressive position on trade at this point with respect to china? rep. kildee: she has it exactly right. this is a big moment. i was one who believed the president was right to take on china. i wish he would have done it by engaging our

david? david: thanks so much, mark. coming up next, we will talk to the chairman of the senate foreign relations committee, jim about what is going on in venezuela. this is "balance of power congo this is bloomberg. power,"is "balance of this is bloomberg. this is bloomberg. david: you are watching "balance of power," i'm david westin. the situation in venezuela remains fluid with nicolas maduro maintaining control over the military. saidpompeo and john bolton key figures in maduro's government were ready to move against him, but the russians intervened. >> it has been a long time since anyone has seen maduro. he had an airplane on the tarmac. he was ready to leave this morning, as we understand it, and the russians indicated he should stay. we think the situation remains incredibly fluid. we know there were senior leaders inside the maduro government that are prepared to leave. head of the supreme court, the head of the presidential guard have an avid as people dealing with the opposition. david: we welcome the chairma

david: thank you. ron has given europe 60 days to begin trade or will start enriching uranium again. the president announced this a year after the president withdrew from the nuclear deal and mike pompeo responded cautiously. >> we did not initiate a violation of commitment, and we will not initiate any wars. we have never, ever given into bullying, and we will never ever succumb to bullying. we will respond to any aggressor. >> i think it was intentionally ambiguous. we have to wait to see what iran's actual actions are. there are a number of things they have threatened to do in order to get the world to jump. david: we welcome congressman michael mccaul from texas. right now he is on capitol hill. no, you are in texas. >> i am in d.c. david: give us a sense on your point of view on the foreign affairs committee, how great is the threat posed to united states national interest if they start enriching uranium again in huron -- iran? rep. mccaul: it demonstrates there were never serious about the deal i

david maraniss, thank you for joining me. david: thank you. years,or more than 130 the statue of liberty in new york harbomihas welcomed ants to america's shores. her torch became the symbol of hope and a new life for millions. now a new museum has opened in lady liberty's shadow telling her story and the challenges of living up to the promise of freedom ofhe t bbc's nada tawfik pai nada: towering over new yorkrb ha, lady liberty is an iconic symbol of freedom. with her torch of enlightenment and tablet of justice. >> this is similar to the one seen by thousands of immigrants. yeda: millions travel ever to liberty island to visit the national monument, and now they uen experience it like never before with the stf liberty museum. politicians and dignitaries celebrated its grand ung, a moment they waited three years for. >> with this museum, like the statue oliberty itself, a beacon of hope, of unity, and of understanding. >> every ship coming and going passes the stae in the harbor. nada: guests start their tour by watching three videoon the st

david: well, they are respected. i was trying to get them a raise. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

i'm david asman. joining me to weigh in on this, kristina partsinevelos, kevin kelly, jonathan hoenig and gary kaltbaum. >>> ambassador lighthizer and treasury secretary mnuchin holding a briefing right now on the very latest on the china trade talks. we have a reporter in the room with those guys. we will give you the details as soon as that meeting wraps up. first, the president getting strong support for his latest tariff threats from a very unlikely source. key democrat senator chuck schumer, who tweeted the following out. hang tough on china, president trump. don't back down. strength is the only way to win with china. so, gang, is schumer right? >> oh, joy. more tariffs, yay! tariffs are not something a country pays to another country. it is a tax on the business and to the consumer there is nothing i like about it. i think the president was putting on the squeeze knowing that the chinese were coming this week for negotiation and trying to put them on the spot. but i have to tell you, i just don

david: this is "balance of power." i'm david westin. for bloomberg first word news, we go to mark crumpton. mark: president trump wants to spend billions to build a wall on the mexican border with my secured under his declaration of a national emergency. but it first must get past the court. californiaudge in will consider arguments in two cases that seek to block the white house from spending defense and treasury department money for wall construction. thecase has claimed emergency declaration was an illegal attempt to ignore congress which authorized far less spending and the president wanted. bloomberg has learned the white house has considered there are con for a seat on the federal reserve board. he is an undersecretary at the department of transportation and has been a senior adviser to transportation secretary elaine chao since 2017. the president has named for people for the two open seats on the board. none of them have made it through the senate. russia is getting his voting rights back in the council of europe. they suspended

david herro, continue. david: how about the milwaukee bucks? tom: we are going to rip up the script. we are going to do politics later. you are telling me we will manage our way through a trade war. how is this trade war of trump mercantilism working in your is constant and rural illinois? it is working out well, isn't it? david: the midwest is very industrial and so far it is ok. the economy of the midwestern united states, you see full employment and inability to get skilled labor. you see relatively robust. hasn't hadwar really a major impact. there will be some smaller impacts. it well if it continues for a long time. you brought up a good point when you mentioned "mercantilism." moveis a mercantilistic trying to build barriers to subsidize your homegrown companies, or a bargaining ploy to get china more on a level playing field with the rest of the world? china has grown up, there economy has grown, their gdp has grown. they no longer need the artificial support of uneven trade rules which they have benefited from, and this is what the u.s

david? >> marcus moore tonight. marcus, thank you. >>> and tonight, president trump was asked today amid the growing tensions with iran, are we going to war with iran? how he answered, and here's abc's chief global affairs correspondent martha raddatz tonight. >> reporter: today, with the u.s carrier strike group now in the arabian sea and bombers at the ready, the president was asked directly -- >> mr. president, are we going to war with iran? >> i hope not. >> reporter: but with the evacuation of personnel from the american embassy in iraq and the sabotage of four oil tankers for which u.s. officials say iranian operatives are to blame, congress wants answers. today, the director of national intelligence, dan coats, holding a classified briefing for leadership in the house and senate, with members saying it was an important first step. the full house and senate will be briefed next week. the administration also working to declassify some of the most troubling intelligence. an official tells abc news there are imag

this is bloomberg. ♪ david: you are watching "balance of power." i am david westin. time for the stock of the hour. boeing is facing as ec probe into its disclosure of the 737 max troubles. the probe focuses on whether boeing adequately inform shareholders on the problems with the plane. we are joined by emma chandra. emma: we shop the stock -- we saw the stock take a lead lower. it has come back a fair amount and we are now looking at boeing up 1.5%. it had been rising around 3% anyway. as you mentioned, news of the sec is investigating, looking at whether they properly communicated with their investors, if they disclose the right information with regard to this grounding. basically it is adding to the scrutiny on the company. david: the sec disclosure has to be something material to the company. implicitly the sec is saying it could be material to the company , which is something we've not seen in the stock. it has been resilient. emma: it has been. earlier in the session it was up 3% despite some other news about the cost that could be affecting boeing as we look

david: a great story. these people did not know it when they were bothering -- borrowing that money. janet: certainly in something like medical school, if you are a doctor chances are you will have a decent salary but in this case is our accumulating more debt. it's now one $5 trillion and growing faster every year, it's a huge, huge announcement. done? so, what's to be we can't have a lot of robert smith's pay everybody's loans off. improbable,quite but why is the loan debt going up so much? certainly the amount that it costs goes up every year. students going to graduate school to borrow up to the cost of attendance, which can be quite expensive. if you are doing mba at a third tier school over your will a job that services the debt, it will be difficult to pay it off. david: or even worse, going to a community college for a few years, running up a bill and never completing the course, which happens more frequently than we would like to know. david: community college -- janet: trinity college is typicall