david: bill marriott is? >> 87. david: he is chairman of the board. arne: that's right. david: he is involved in what you are doing. marriott's made a major acquisition, the largest it has ever made. it bought starwood for $13.7 billion. you are competing with a chinese company at the time. were you worried you're overpaying? how did you win at the end? arne: it was a great profit. it was a company that had been pursuing strategical terms. it had been for sale through most of 2015 and we thought it was to us and said -- too expensive. it got cheaper for us. in early 16, chinese surfaced and throw in a rival bid before that shareholders voted. and that throws a new wrinkle in it. it made us cost more but we still, to my surprise came out on top. did bill marriott say, i do not want to spend $13.7 billion? did he say your job is on the line? arne: no. i was touched by his first reaction, maybe his second. his first reaction -- i called him on the phone and said i want to talk about buying starwood. do not form any points of view yet because we need to take you through the

david: it is a lutheran school. arne: right. david: your family ancestry is scandinavia. arne: mostly norwegian. a little swede to make it interesting. david: why did you not want to be a lutheran minister or missionary? arne: the language we use is i didn't get the call, which is a sacred call towards a profession. david: what did your parents say when he said you want to be a lawyer? arne: they were obnoxiously proud of me and my siblings and great supporters. david: after you graduate law school, you practiced where? arne: in washington. david: minnesota, how did you go from minnesota to washington, d.c.? arne: maybe a little adventuresome to get away from home. david: how did you go to marriott? arne: i represented marriott. david: marriott must be happy with your job. it was a big story that a non-marriott became ceo. were you shocked? arne: by that time it was no longer surprising. i worked with bill marriott for the 22 years i have been at the company, plus the years before, learned a lot from him. he got a sense of who i was, to know my family. there was an evolut

david: it is a lutheran school. arne: right. david: your family ancestry is scandinavia. arne: mostly norwegian. a little sweet to make it interesting. david: why did you not want to be a lutheran minister or missionary? arne: the language we use is i didn't get the call, which is a sacred call towards a profession. did your parents saved when he said you want to be a lawyer? arne: they were obnoxious we proud of me and my siblings and great supporters. david: after you graduate law school, you practice where? arne: in washington. david: minnesota, how did you go from minnesota to washington, d.c.? arne: maybe a little adventure to geturesome away from home. david: how did you go to from latham to marriott. arne: i represented marriott. david: marriott must be happy with your job. it was a big story that a non-marriott became ceo. were you shocked? arne: by that time it was no longer surprising. 422rked with ill marriott years i have been at the ,ompany, plus the years before learned a lot from him. he got a sense of who i was, how to know why family. there was an evoluti

david: ok. suppose i come in with cash and i only need the room for an hour -- [laughter] david: do they say you have to pay the rate or i can negotiate an hour rate? do you do that? arne: i don't know if we have any hotels with rates by the hour. david: really? [laughter] david: i do check out of the hotel? they say, did you have anything in the minibar last night. i hate to stand there and say i had gummy bears or something else. i assume they will figure it out later. arne: this is another reason why we lose money on the minibar. [laughter] david: so why? arne: everyone who had pringles, no one wants to admit it. david: do people admit i had crystals last night, and inventory of all the things i or do you go in the room and charge them later? arne: that's right. that is the way this works. someone will take an inventory of the minibar. you probably noticed this, some of the minibar fridges are set up to be self reporting, so you will take -- david: well -- beer out.a can of ear david: i know

david: ok. and you switched to something else? randall: obviously. [laughter] randall: do you know what animal husbandry is, david? david: yes, i do. i started out as a animal husbandry major myself, then i realized private equity worked better, but ok. [laughter] david: so you, ultimately, you got a job with southwestern bell. randall: correct. david: and southwestern bell was the result of the breakup of at&t in 1984. so how did you get a job there? you were right out of college? how did you get the job? randall: i like to say i got my job the old-fashioned way, my brother got me on. [laughter] david: ok. randall: my wife and i were getting married, and she said yes, i will marry you, but you have to get a job. i was in school. and my brother said come on, i can get you on at the phone company. so i went to southwestern bell and i started out, my first job, david, was to hang 19-inch magnetic tapes onto tape drives. you would look at a screen and say, hang this tape on that drive. i would find

david: thank you very much. roger: thank you. ♪ manus: you watching the best of "bloomberg daybreak: middle east." the major stories in the headlines this week. stocks slumped across the gulf. geopolitical tensions rise as saudi arabia says to oil tankers -- two oil tankers were damaged in a sabotage attack. there are fears that conflict with iran could be in the cards. the minister of state for foreign affairs tells bloomberg cool heads must prevail. saudi arabia approves a plan to offer permanent residency to some foreigners. that as the imf says the kingdom might need to increase vat to battle the deficit. ♪

david: ok. and you switched to something else? randall: obviously. [laughter] randall: do you know what animal husbandry is, david? david: yes, i do. i started out as a animal husbandry major myself, then i realized private equity work better, but ok. [laughter] david: so you, ultimately, you got a job with southwestern bell. randall: correct. david: southwestern bell was the result of the breakup of at&t in 1984. so, how did you get a job there? you were right out of college? how did you get the job? randall: i like to say i got my job the old-fashioned way, my brother got me on. [laughter] david: ok. randall: my wife and i were getting married, and she said come in yes, i will marry you, but you need to get a job. i was in school. my brother said i will get you on the phone company. i went to southwestern bell and i started out, my first job, david, was to hang 19-inch magnetic tapes onto tape drives. you would look at the screen and say this tape on that drive. i would find that tape, mounted

david solomon. sort of interesting that after gary cohn left, goldman sachs lost the intimate relationship it had with uber, losing to morgan stanley the marquis assignment on the initial public offering slated for this friday. david: the third story is the millionaires who still like cash. we have a ubs survey which is interesting. lisa: first of all, it highlights how much cash there still is out there that could be deployed into the market in a possible selloff. the idea here is that the 's assets were 23% in cash. how much of this is cultural? in asia, people tend to save more money, and china in particular. still, people are optimistic, risk.ere is maybe.ome bias there, david: and latin america are the ones who like their region the best. lisa: although cash is still pretty high there, too. show if also goes to you are happy with your country, is it because you think you're going to have a different government, or because we are doing pretty well? also the structure is probably working for them

david: i don't understand. [laughter] david: to what end? she's been told that they will not vote for it. alix: very valid point. david: who is president trump going to meet with when he goes over there? he's about to go over to the u.k. who is going to be the prime minister? alix: we will see. coming up, target beats lows. we look at retail winners and losers. the ceo says we are developing contingency plans to mitigate trade impact. this is bloomberg. ♪ david: target and lowe's announced their earnings this morning. , rsrlcome paula rosenblum research cofounder and managing partner. let's start with target. you sort of like target, although you quibble with some of what they are doing. guest: i'm sorry, i lost some of the last part of what you said. it really troubles me that they do these special deals and then sell out so quickly. that is true. you would think their forecast engines are better than that. david: but there target numbers were quite good today. would you agree? waya: notwithstanding the they do these partnerships, overall

peter: david, give us a snap of your company. dave: it is a 115-year-old company based in edinburgh over virginia. we operate across seven states in the mid-atlantic region. we have three segments where lines of business -- our wireless business is our largest. it is about two thirds of our revenue and earnings. then we have a cable segment and a wireline segment. we have just over 1000 employees and we do a little over $600 million a year in revenue. peter: you say your wireless business is 2/3. how do you operate that? david: we are a sprint affiliate and have been for a couple of decades. it has been a very mutually beneficial arrangement for both companies. we deploy our own capital and operate roughly 2000 towers of equipment. we are all things sprint in the mid-atlantic region. we operate between pre- and post-paid brands. roughly 350 stores. our employees interact with you as a consumer. if you come into a sprint or boost mobile store, we have engineers that design, construct, and operate the network. peter: i know that th

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,

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

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

the needs of macau the financial david welcome to the show. thank you daniel good to be with you now 1st david markets are absorbing the saudi claims of attacks and sabotage right now in the claim of responsibility from the rebels but before that there was the problem of the collapse of u.s. china trade talks. what about the effect of that already having on the markets is that still resonating and should we expect more gyrations in markets as the u.s. and china jockey for position in the wake of that breakdown. i think the trade talks are a very significant contributor to volatility in the markets certainly you see some of that in the oil markets but the gold market the treasury market the u.s. bond market the vix is showing a lot more activity here in the last week or so and you know the approach is very different if you look at the chinese approach they are wanting in all or nothing approach to the agreement and the u.s. is kind of checking the boxes if there's 5 things that they want to accomplish they start going down the list and taking t

david: we've got to leave it at that. new shots fired in the trade war with china the chinese making a threat against u.s. companies as new chinese tariffs against u.s. goods kick in. so how far will this go? patients that i see that complain about dry mouth, they feel like they have to drink a lot of water. medications seem to be the number one cause for dry mouth. dry mouth can cause increased cavities, bad breath, oral irritation. i like to recommend biotene. biotene has a full array of products that replenishes the moisture in your mouth. biotene definitely works. it makes patients so much happier. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) david: a new escalation in the trade war with china, the retaliatory tariffs on $60 billion of u.s. goods go into effect right now and they began at m

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: yes. brian: i want to show you a clip from 1987, where you were in a "nova," pbs program, talking about the panama canal, which he wrote a book about. ♪ david: death and injury were commonplace. caught beneath the wheels of trains or struck by falling rock, dynamite got tender from standing too long. premature explosion killed 23. explosive energy was expended in blasting through panama than all the wars the united states had fought until then. brian: how many years were you in television, and how did you get in it in the first place? was 12 years iit worked in television, but then i came back to do some things with a few people that i like working with. i first got in because when ken burns did his film about my book , the building of the brooklyn bridge, he asked me to never it, and that is what got me started. and eventually, i narrated the civil war series with ken, and then i was invited to be most host of a series called i didonian world, which for maybe three years, and that i did

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? >> jon cart at the white house tonight. jon, thank you. >>> and one more note on this tonight. with many of the democratic candidates carefully dancing around the issue of impeachment, tonight, after mueller's words today, several conditions are calling for impeachment. joe biden saying he agrees with speaker pelosi that no one would relish a divisive impeachment process, but it may be unavoidable if this administration continues on its path. kamala harris saying what mueller did was brasically retun an impeachment referral. we need to start impeachment proceedings. and senator elizabeth warning, one of the first to call for impeachment last month, saying today, it's up to congress to act. they should. >>> meantime, to the other major story tonight, tornado watches around warnings as we come on. the risk stretching from dallas to washington, d.c., from philly right up through new york. and you can see the threat here in the northeast at this hour. this is the radar for the new york ci

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: welcome to "bloomberg daybreak." i'm david westin, here with alix steel. this was supposed to be a victory lap on u.s./china trade. i'm not so sure. is good for the markets, then not so much. it appears it is not going to be wednesday he will show up. maybe thursday. alix: no doubt, mr. trump posturing over the last 24 hours. the question is, posturing for what? david: is this the art of the deal, or does he really mean it? is he trying to get a better deal? alix: markets skittish. .t shows what was baked in s&p futures getting hit the hardest, down 48 points. you have a safe haven bid into the dollar, with the exception of the yen, now at a five-week low. treasuries just started trading. yields now down by five full basis points. commodities continue to get crushed. crude off by 1% as trade war fears permeate all the asset classes. david: it is time now to focus on the week ahead. tuesday, the salt conference gets underway in las vegas. we get thesday, first earnings report from lyft since it and public -- since it went public. wednesday was the day the c

not nearly as important as crawford at camp david. -- crawford and camp david. crawford is a place laura and i love. it's a place we went to in august. that made it uncomfortable-- [laughter] a lot of the people on our staff are from east coast. i loved it. i would get outside and, this is before we owned the bulldozer, would chop down cedar. it was like unbelievably therapeutic. i would ride bikes. but mainly i rested. here is the thing about these retreats though you never escape , the presidency. the definition of getting outside the bubble at crawford meant that they were probably 150 staffers of some sort or another down there. that made it fun because that meant there were a lot of other cedar choppers available to help. [laughter] laura and i entertained a lot of world leaders there. we have a lot of fond memories of conducting personal diplomacy on the ranch. it became a way for us to give some of these leaders a special look and, it did open up the dialogue in an easier way than had it been discussing things in the white house. we were sitting out by th

david maraniss: no. people over the course of the years who did not amendment.ifth but took the first amendment, cited their first amendment cited for they were contempt. you can't cite someone for contempt for taking the fifth amendment. that's a constitutional right. if you try hat, but to claim the first amendment, you're not covered. ranging from arthur miller, who we haven't talked bout, the great playright, who coincidentally, went to abraham lincoln high school in brooklyn before my father, then went to he university of michigan before my father, was a friend and auncle, bob cummings, very close friend of ralph -- the other spanish civil war was killed during the spanish civil war, years arthur miller -- he was called before, because he pass, and he st didn't take the fifth amendment -- he didn't answer, he was asked the question and the subject turned he never that but answered it. he wouldn't name names. himself only talk about and he was excited for contempt. the hollywood ten back in 1947, did

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: 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

how does that compute, david? you know what i think it is, no matter your politics, free stuff goes a long way. >> david: so some polls, what they ultimately underlie, not one area in basic america, whether it be we're going to have a better future, a better future for our kids, better quality of life, capitalism always wins. the one area where it is even close, even close is universal healthcare. americans so frustrated with current system, consider it, the cost. >> capri: it is a moral issue, to say we're going to talk everybody and take your money away and the government can do things better than you. when it comes to healthcare, i'm not an advocate for healthcare for all. people think we are all human and should get affordable access to get treated. >> can i tell you why healthcare for all is immoral? what you are saying, give healthcare to everybody, just look at england, the quality goes way down and the people who can afford to get good care, people who can afford to fly to new york and go to memorial sloan

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

david: we publicly are supportive of the merger. strongerlieve that a combined company of sprint -t-mobile is better for the industry and better for the consumer long-term than a four-player market with a distant third and fourth player. probably well are aware. the wireless business in particular, telecom in general, but the wireless business is a very capital intensive proposition. so, with 5g emerging technology, in order to support a rapidly growing and evolving subscriber base consuming more and more data, it is becoming more and more difficult for companies like sprint to expand a loan. how many cable subscribers do you have an are you see in cord cutting? david: we have 200,000 households across the state. we have roughly 70,000 customers are so and we do see cord cutting. lost roughly 7%-8% of our video subscriber base. it is becoming more and more difficult for an operator of our size to compete effectively in the video business, given the ever increasing content costs. and the pressure that that is pushing on smaller opera

. ♪ brian: david david: -- brian: david maraniss, when did you decide to name your book "a good american family." david: it wasn't the first title of the book. for a long time i was calling bottom bottom was where the hearings were conducted in new york. it was early on in the process and i knew i wanted to bring a lot of people in the room, not just my father and my family but the chairman of the committee and the f.b.i. informant and so that was the nexus of the piece. but in the end it really was more -- it's not a home woir in a sense, it's partly that, it's more history but i knew once i came across the quote from charles potter, a congressman from michigan, who expressed surprise that someone from a good american family could be a member of the communist party at any point, i said that's it. because i knew my family was a good american family in every possible way so i wanted to serve that attention and juxtaposition to define the book. >> i want to put up on the screen your mother and father and tell us when this picture was taken. and when you look at them, what do you think abou

house and senate regarding the potential abduction of david abduction of david sneddon. which you heard about from his mother michael, earlier. we will work for the passage of those resolutions. that justice -- we believe that they can also commemorate on the action issue because that can serve as major pressure on kim jong-un. you must leave no stone unturned. led,ime minister ever has best as prime minister abe has died, a deal directly with the leader of north korea, and we hope to cooperate with the u.s. so that we can have is a mix between japan and north korea so that we can resolve the abduction issue. our caucus plans on using any means disposal to make it happen. with that, i would like to conclude my comments. thank you very much. [applause] >> our next speaker, senior democratic staffer on the prestigious foreign relations committee and deputy director of defense for east asia, a position close to my heart. >> thank you very much. it's nice to hear the senate foreign relations committee referred to as prestigious still these days. if i can ask from our friends

david: all right. >> i hope you are young. david: more with steve moore coming up. >> president trump teasing what he says will be biz biggest statement yet on border security. it could happen been the next 20 minutes, paxton from texas is here next. moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergic reactions can occur. for all the thi

and then david barker talks about his book, one nation, to realities. it discusses the current political stalemate between congress and the white house. watch live at 75 eastern friday morning. join the discussion. asbenjamin heebner serves cia privacy and civil liberties officer. he will speak at an event hosted by the brookings institution. middle eastthat, experts discuss the trump administration's policy toward iran. that's at the hudson institute, live friday at noon eastern. also on c-span. >> when i see something like that, i can only see it from her perspective. i have had a lot of people rate for me similarly. i believe that christianity has a long tradition of divine healing, so i certainly don't think it is not possible for god to heal people. q&a, the memoir, everything happens for a reason. reflecting on being diagnosed with stage four: cancer at the age of 35. >> it's really gone, right? there is no pain in your stomach, right? then it is real. 's confidence in himself is that vehicle, and in the idea that because she didn't have pain in t

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 served in south korea. it just so happened that the congressman's son was serving in south korea and therefore interacted with david in what they call the missionary training center where he was learning language and skills to be able to interact with the culture and to survive an international experience for someone that had never had that experience. obviously showing that david was a very skilled linguist and also very adept at cultures. that is the first connection with the congressman and why he became engaged aside from obviously his responsibility as a member of congress to be engaged on these issues and was mentioned an expert in foreign affairs. he took a personal interest in david's case which led to the passage of a house resolution in 2016. there was also one passed in the senate that was expressing concern over the disappearance of david sneddon. the main goal with that is to keep the relevance of the case there to make sure that it's not forgotten. i believe that can go out saying that is not

david. today, we remember the service and second wife of sergeant david. william robinson evans junior 1918.rn in indiana in he was an eagle scout. after graduating from college in connecticut, he enlisted in the navy's reserve officer pilot program. he earned his wings of gold and was commissioned in may of 1941. in september, he was assigned to a torpedoes doctrine. squadron. on the fourth of june of 1932, 15 torpedo planes from the squadron went into battle from members of enemy fires. down.ere all shot but their sacrifice in their current that day helped to change the course of world history. received this posthumously . two months before it was lost, he wrote these words to a friend. many of my friends are now dead. two a man, each died within nonchalance that each would have denied his courage. is borning greater good of this work, it should not be valued in the colonies we may win or the pages historians will attempt to write but rather, in whoyouth of our country, never trained for war, rather almost never believed in work but from some hidden sour

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

david: let me say one thing. china now was 6% food inflation, their retaliating with a tariff that has been driving back in place, maybe even doubled. can the they afford to retaliate christmas. >> some businesses are moving production out of china, that is been going on for couple years as china's labor rates increase, but go pro today, they reiterated their promise and they will be going back into mexico, i do think china is a fragile here economically in ways that we are not. they have pushed up their debt level enormously in productivity on the spending in china, the study on china for the last couple years did not measure up to what their expectations were. given demographic go to. and i get it. in terms of what david said, are the markets overreacted? i would say the impact on the u.s. economy, people are saying it's going to be .15% gross in gdp. that's how much. >> the better part of the year we have all the strength, we have all the weakness, don't worry, they get to come to the table, the china is a dif

david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, sarah mcgregor on president trump's latest signals on china trade talks. from berlin, patrick donahue over angela merkel's shakeup of her party and from brussels, maria tadeo on the eu's meetings to pick a new leadership team. president trump went to japan but started talking about chinese trade and said we are in no big rush. is that a single of where things are headed? sarah: the interesting thing about his comments is it was easy as trump said to win a trade war but proving much more difficult than he thought. by putting the ball in china's court and saying maybe they are not so interested in a deal and we are not interested in one with them, he is expanding the time he is taking to close the deal which is going to be the hard part of the job. david: part of the hard part is huawei. in the meantime will go to patrick donahue in berlin. when i was going on air this morning new