michael: i think that is like the tulip bubble. i read this brilliant book by brad stone and it talked about the sharing economy, and that made sense to me. if a company through technology can get individuals to share their assets and give their time, then there is a lot of profits being made. in that frenzy, we started classifying companies like wework and pellet gun as tech companies. no, softbank overstepped. they made a mistake. as max said, they are going to have to take a write-down. this thing is not going to recover that valuation. brad: next, let's talk about facebook. the doj investigating facebook, in addition to the fdc. if you live in washington and you are not investigating facebook you have to ask yourself what you are doing there? we recently reported sheryl sandberg going to washington next month. what does this mean for facebook and how they steer out of this? max: you have congress, you also have state attorneys general and you have the european union. many government entities looking at facebook closely. i think

michael: those are tough questions. there is no pure play in this notion of investing in sri or esg. there is another angle we can take and that would be, let's andst wisely and smartly let's take our proceeds come whether from an index or bond or directlyand funnel it to companies helping to effect real change. then we take away the notion that it only has to be investing. we can have both investing in all sorts of ways and funnel proceeds into meaningful companies that affect change. that is another way to think about it. alix: to help round out the conversation, the climate conversation was kicked off with that package. sell companies that make heaters or is it a bigger, broader lens for you? jessica: it is a much bigger, broader lens. climate change is material exposure for all companies and sectors. materialinancially issue which ceos are starting to recognize. we sawtek companies making commitments to mitigate climate change in their own operations -- we saw tech companies making commitments to mitigate climate ch

momentum let's turn to the political panel for analysis they are amy holmes political columnist and michael tobin democratic strategist and former senior aide to senator chuck schumer they're both in new york city welcome to the program that pleasure to be with you so let's jump right in and talk about this economist hugo poll released wednesday senator elizabeth warren is tied with joe biden at 26 percent among registered voters your reaction let's start with you amy well we are still such a long way out before iowa new hampshire south carolina but it shows how effective elizabeth warren has been and being able to court you know democratic primary voters in the democratic base i think the person who should probably be the most worried about those numbers however is our friend bernie sanders who was supposed to be the progressive choice the progressive alternative to joe biden but elizabeth warren has cut into his foundation of voters and been able to you know make a really good go of it michel. elizabeth warren and joe biden are very different candidates offering very different visions for

there is a sort of says that michael gove had broken his word. he apparently told david cameron when he decided he would campaign for the leeds side that he would make one speech during that he would make one speech during that campaign and one speech only. of course, he became one of the majorfigureheads of the of course, he became one of the major figureheads of the campaign. for borisjohnson, major figureheads of the campaign. for boris johnson, their relationship, he doesn't call it rivalry, but it was certainly more distant. he said he worked well with him when he was mayor of london david cameron was prime minister and he found him amusing, but he also said, ican he found him amusing, but he also said, i can neverfully trust him, and when i said for example, during the leadership campaign when boris johnson said they would be one chance in a million of the no—deal brexit, did you trust him on that? and david cameron said, well, i think my calculation of the odds is slightly different from his. there we re slightly different from his. ther

michael, let's start with you. it's a tough week to do a week in review because so much has happened. let's start quickly with wework. do you see any path forward for we work after the week that it had? michael: i think they just mischaracterized themselves as a tech company. and softbank reinforced that by making big investments and i think investors figured out this is a real estate company. and so every time you see them compared, you see them compared to other real estate companies and multiples are just much, much, much lower. and there really isn't a lot of tolerance for losing money in the business. they have 15 year leases and then they turn around and carve that up, rented out piecemeal to individuals and small businesses. there's no tech involved there. i think that's starting to weigh on all the other companies. it's actually weighing on netflix. they are a tech company but you're seeing their valuation drop. palatine arguably is a tech company. they're delivering health services, workout services into t

for a closer look at trade between the two countries is michael mckee. michael: good morning. it is important to know what this trade deal is and what it isn't. it is a mini deal that gives donald trump a little something to talk about in terms of trade. however, what he's really done is create a problem, canceled the problem, and then say he's done something great. here's what we mean. japan is our third-largest trading partner, which means it has the third largest trade deficit with the u.s. you can see it as an important part of the overall trade deficit, about $298 billion the last year. the president and japanese prime minister have done a deal on the margins that will help that a little bit. it will reduce japanese barriers to agricultural sales in particular, wheat being a big portion of that. but what it really does is just get us back to where we would have been if donald trump hadn't taken the u.s. out of the transpacific partnership, that trade deal that the u.s. led that we then canceled. . when. he came to office as you can see -- we then canceled when he came to

michael gove was very clear that the prime minister has the numbers on his side. i believe that a majority of mps in the house of commons this week will back the prime minister because we know the prime minister is making progress with our european friends and allies in order to secure a deal. i do think people will want to put a road block in its way. we all want to leave with a deal and we know as a result of the conversations that the prime minister's had with emmanuel macron and angela merkel, that the withdrawal agreement that they stated was a block of marble and could not be altered, is now capable of being changed. i don't think that michel barnier got that memo. we do not know what is going on behind—the—scenes. but the government say they are trying to get a deal with the european union but we have heard from keir starmer about that. he is saying why are we not heeding noises from the european union about that? -- noises from the european union about that? —— hearing. there are lots of rumours about would borisjohnson go for a general election an

he would say, "michael, can you not afford a razor?" [ laughter ] he was the same one who used to accuse me that i was having my hair cut by the counsel. [ laughter ] so that was the same uncle >> seth: but you -- if you put michael sheen in your movie or television show, you're going to save some money on wigs and beards >> yes >> seth: because fake beards -- you grow the hair. >> i grow the hair i don't like putting prosthetics on >> seth: yeah. >> anything like that. i like to, you know, i don't want to put a wig on for "good omens," i did a series called "good omens." >> seth: yeah. >> and i played an angel [ cheers and applause >> seth: there you go. >> look at that. >> seth: there's your "good omens" hair. >> yeah, so that's not a wig that's my own hair they had to bleach my hair - >> seth: yeah. >> -- for six months >> seth: and that's fine when you're playing an angel. but when you're walking around town does this get - >> yes >> seth: do people look twice at this >> i get -- i got sort of funny looks from elderly efate gentleme

michael mckee, let's go back to you. this is the last thing we will hear before the blackout window. hear,o you expect to asking you to speculate, which you should not do as a reporter. think i would be going too far over the line to say that i don't think you'll get much out of jay powell today that you have not already heard. he is speaking for himself here and not the committee, so he will probably say what he said before, that the fed will do whatever he thinks is appropriate to keep the economic expansion going for as long as possible because that's good for the country. he will probably steer clear of politics and say when we are in the fed meeting room, we don't think about what the president is saying. david: he may not want to talk about them, but a lot of the uncertainty we are seeing is around trade. everyone seems to agree with that, which is a political issue. how do they manage that difficult situation where they have to take into account politics? can they reduced the uncertainty that businesses are facing

their themselves and appeal to those important moderate voters come november amy do you agree with with michael's definition of what each candidate stands for and do you think that the democratic party is split into these 2 camps well we've seen that yes joe biden has talked a lot about civility you know his 6 terms as a united states senator his 8 years as a vice president that he puts a lot of stock and faith in 2 institutions congress the white house etc while elizabeth warren and warren rather she has positioned herself as the outsider the fighter the fighter with the plan he's going to you know take it to donald trump i think as michael points out however well that might be appealing in the democratic primary and that elizabeth warren she talks about you know revolutionary change we don't want just incremental changes we want to you know to rework the whole system the whole way that america works that might be appealing to the a.o. see weighing the squad flank of the party but is that going to be an easy pivot when it comes to a general election where she has to appeal to more centrist voter

michael thank you so. after the break alex interviews professor carlos bush about how countries large and small have adapted to these global with even. pain years and crossed i started as 10 years i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts fight it out for a profit what do you think ok a more affordable option $25.00 tax for. one red rose another suggestion political jeopardy parody no political cookout where we will literally wrote the elites. late night show it's a rare format piece days and it's all you need is an old microphone in a printed banner but. i guess i can do this campbell after politics gone wild like music. ok crosstalk is not about hype it's about meaning 10 years of talk and still going strong. peter if you want to change something why don't we get rid of the bow tie you know that is too much. think that's the nub form for syrian conflict mediation never h

>> i think that michael atkinson found it to be credible. and he viewed that it was a matter of urgent concern to forward to this committee. >> do you think it's reasonable for the american people and for this committee on both sides to believe that there is a correlation or a nexus between the president suspending the aid and the conversation that took place on the -- >> congress -- >> on the follow-up conversation? >> yes, congresswoman. that is the allegation that is made and i did not have access to the transcripts the icig's cover letter and the whistleblower allegation. the other information coming to light yesterday as released by the president changes things in a different light. >> mr. chairman, may i ask just one more quick question. my understanding is that the inspector general is a career intelligence person. he's worked in the department of justices. he received numerous awards for outstanding exemplary performance. did you have any reason to deny or not believe his conclusions in every area of this report that he was directly

let's talk about michael cohen's cooperation here. he has a view of what to say about trump and what he thinks about trump. where could there be a criminal violation by the president in regard to how he paid off stormy daniels? >> so it's early times in this investigation, chris. but what prosecutors seem to be focusing on is the idea that there would have been false business records that would have been submitted. normally that's a misdenener. but if you submit false business records in an effort to conseal another crime, here presumably a federal crime involving campaign finance fraud then it becomes a felony and you're really in hot water. >> because no one it seems to me would write into an accounting document for the irs or anyone else paid off porn star for night in wherever, wherever the hotel was. it doesn't seem he'd ever put that record together. so come up with something like entertainment costs. how would you file that information? it's a quarter million, in fact he paid almost up to $400,000 to pay tax kaus and everything

, michael gove, boris johnson, that they are liars. they will pivot on a point is that every single one of them has been quoted, particularly in the leadership race, every single one of them, matt hancock, they all said pro— broking, no dealand them, matt hancock, they all said pro— broking, no deal and suddenly it is acceptable. ———— proroguing. when you talk about lies and when we talk about lies you have to assume that the people telling those things that the people telling those things that you regard as lies are liars, you seem to be part of the corrosive, toxic atmosphere in british politics. i want to be honest. i want people to be honest and that is why this week we voted to request the yellowhammer documents to be released because we think it is important that the british public have the eyes wide open. if we have a second referendum and they say, you know what, we understand the risks now and we understand the risks now and we understand what happens to food shortages, medicine shortages, then we understand that,

i said to him, you call michael gove, he was a close personalfriend... and as for borisjohnson, he says he was always amusing, he has worked well with him, in the past but doesn't always trust him. david cameron also admits that he failed and some people will neverforgive him for holding a referendum. he said he thinks about it every single day, but believes that calling it was right and he felt it was inevitable. but claims by mr cameron in his interview with the times magazine that the referendum campaign turned into a terrible tory psychodrama have been disputed by a prominent sleeve campaigner. millions of people, 33 million people voted, 17.4 million of them voted because they wanted to leave the european union. they didn't care a figabout a tory psychodrama or anything else. most of them put aside party loyalties and voted on the issue. david cameron has also weighed in on the row over the suspension of parliaments, describing using prorogation as a sharp practice that has rebounded. he admits that there is a blockage and that the man that has been

violence against a german rescue boat captain who illegally docked on a time choice with dozens of michael. and the u.s. carries out military exercises near venezuela's borders in line with its apparent strategy of rounding the enemy. the latest on these stories you can head to our t.v. dot com stay with us now though for the big picture. on this week's show each year as we approach 911 we remember the 3000 lives were lost on that terrible tuesday in 2001 since then what liberties have we lost the government overreach corruption and abuse but 1st despite president trump's bluster is the u.s. a losing its leadership position in the world order that we already lost i'm hala cook in washington this is the big picture on r.t. america. implementing the paris climate agreement low carbon sustainable development 5 g. technology shared with all partners all right just goals that the world seeks from a leading superpower and all elements of a comprehensive strategic partnership between china and russia. meanwhile back on the ranch our president has pulled us out of the jay c.p.o. a new treaty impos

michael crowley. tom nichols, professor at the u.s. naval war college and foreign policy expert with the sunset. national political reporter from the washington post. plus associated editor for real clear politics. bob costa, cannot unwind the president's imprecise and impulsive way of communicating about everything from news coverage to snl to war with iran from the tinder box that is this region. >> and this is a president who on foreign policy is not an idealog in the say way his own secretary of state. he has built these relationships with saudi arabia. he has so far navigated in his presidency without any kind of attack on iran. but he has a hawkish party that he leads. he has a hawkish administration and cabinet. and the choices will be presented to him to retaliate. but he knows he has a lot of support among noninterventionist supporters and independents. >> two former intelligence officials said to me that the iranians are savvy enough to understand that they could deprive trump of two of his big re-election branding opportunit

michael: i do think we can defend. second, if the oil economy is only disrupted for 24 to 72 hours, iran is showing its own weakness, not just its own strength. that may be one of the few place it has. it does not work apparently. they can escalate further. and then run the risk of a definite military response by that united states. they can realize they are in a feckless position. with all that said, i do not think we are going to have to retaliate in response to this incident unless we choose. if there is a way to elliott against launchers, against production facilities for these rockets where the casualties can be minimized by the specific ability to thwart iran's future capabilities is promising, then yes. the calculus looks more favorable for a response. if it seems like we are just lashing out, we may want to hold our fire. but the world opinion continue to galvanize against iran. that is our number one asset. being able to shut down the iranian oil economy and have few ways for iran to circumvent our sanctions.

>> i believe that michael atkinson -- yes. yes. >> and interestingly, mr. atkinson was actually appointed by president donald trump, right? >> yes, he is a presidential appointee. >> what lends real credibility to the whistle-blower's complaint is the fact that mr. atkinson, an appointee of the president, would actually bring forward a complaint against his boss. and that's something that is especially courageous. what you want to hear from you is you will also do everything you can to protect mr. atkinson from potential retaliation. >> congressman, absolutely. >> very good. now, the white house released a memorandum of telephone conversation from the july 25th, 2019 call, right? >> i believe that's what was transmitted yesterday morning, sir. >> and they call that a telcon in the jargon, right? >> this is the first time i've seen a transcript of a presidential conversation with a foreign leader. >> have you been a party to a conversation between the president and a foreign leader on a phone call? >> when i am in the office to provide the intelligence brief

but michael touched on some of the short-term ramifications. the broader ramifications are not just with russia, but imagine now trying to recruit a high-level source from china, north korea, iran, and they look you in the eye and say, am i going to get exposed on the news? am i going to be -- my name provided to the president, and might that president leak this information? isn't this the same president trump who said he doesn't like human sources? isn't this the same president trump who said he would never have allowed the cia to recruit kim jong-un's half-brother as a source? so it's a difficult time for the intelligence world. we're headed into the 2020 election, and we may be facing an intelligence desert. >> and, mike schmidt, one of the guys you've written a lot about, mr. flynn, back in federal court today, looking for all the world kind of cool and rested, still a free man able to breathe free air. and it had us thinking about asking that question all over again, why all the lies about russia? and is it possible, mike, we're getting fu

michael: it is hard to say. i have some firm opinions looking at the big names that are at this point under the scrutiny of the government i think, and a lot of cases, when i look through what facebook has done, definitely what they are doing with cambridge analytical was a little bit aggressive last year. i think they are a tough competitor. i think they have definitely emulated competitors in the past, they have done so with snap. i think the tactics about going ahead and trying to publish influencers gets a little close to the line but i don't know if that in itself makes facebook a monopolist. taylor: depending on how these discussions go, what is the real threat that facebook would be broken up? michael: it is something you have to respect. i think you are seeing that in facebook, google, and amazon stock. investors don't know quite how to handicap it. if i were to roll things forward by a few years. let's say, for example, instagram was broken off of facebook, i think you would ultimately have value creati

or as you know terribly and your such huge ferals of michael. it's interesting to see kind of all of these cases connected to the rush limbaugh who are pro bowling apart and one thing that i notice is a certain mention judge of the new trend there's also the same struggle judge we actually just talked about a recently ruled that terrorist screening databases are actually violate constitutional rights of american citizens who are out of so this judge is clearly can avoid you know him he's definitely making a name for himself as a probable jobs in some of these i profile cases and what his decision you know early july 1 of the other things like not been a really good year for russia gaev. in these court cases afterward so in early july u.s. district judge dabney friedrich role that u.s. attorney general william bar and robert muller violated court rules in public statements about saying that the russian firm concord management consulting with connected to the russian government so there were certain things where they were saying that things happen

did you ever play against michael jordan? john: i did get to play against michael around chicago a lot. you know, he would be at different clubs, and you get to be on the court with him. david: do you think he was overrated? john: [laughs] no. i think he is the greatest player of all time. david: i understand you played against him and beat him. the only person who ever beat in in a one-on-one game? john: it was a very fortunate circumstance. i used to go to his school, which is a fantasy camp for people 35 years and older. so every summer of the camp, he would challenge any camper to a short game of one-on-one, first to three wins. since no one had beat him in the first seven years of the camp, i think he was overconfident. he would let people make a basket or two before he would sort of clamp down and shut people down. also, i had the advantage when i played him, i think he played 15 campers before he got to me, so he was kind of tired. and so i snuck up on him, and coach carril always said even though i was not a good pass

what michael cohen pled guilty to. the da is looking inwhether any state laws have been violated, if they filed a false statement and how they reimbursed michael cohen. so now as part of the investigation we reported last week the prosecutors went to prison and interviewed michael cohen. now they want to see the president's tax returns. so part of this is following the money trying to understand the source of these payments. the trump organization, according to a different indictment in the federal case involving michael cohen, with different prosecutors, in that case the prosecutors said the trump organization treated this as a legal expense, which they thought was improper. so you have the state authorities looking to say was this improper and could that violate state law. >> the next step, they talked to michael cohen in prison and now they want the tax returns. what options does the accounting firm have in responding to the subpoena? >> unlike the broader fight to get access to the president's business records betw

michael maloof former senior security policy analyst for the pentagon thanks michael always a pleasure pleasure sure. and he says pakistan controlled kashmir should be considered part of its own territory the indian foreign minister also expressed hope that one day they would have physical jurisdiction over the region pakistan and india have been at loggerheads over kashmir for more than 70 years since they failed to agree on the borders drawn up during the british partition of india. it used to be one country under british rule where communities of differing religions live side by side for generations but 70 years ago independence or the region split into india and pakistan in a process that went down in history books as the partition and so did the man who hurriedly through the border the year 1947 the dying days of the british empire weakened by the 2nd world war india became a burden london was also unable to counter the growing independence movement led by matt maganda to fix it britain appointed lord louis mountbatten as the last viceroy of india he made it clear it was not his d

michael, what is this we're looking at? because speaker of the house is not impeaching the president. >> they don't know what they're doing. they don't know. i mean, come on. that is the worst word salad you could possibly come up with. i have no idea what that means. i don't think anybody knows what that means. the fact of the matter is no one's talking about impeachment. i mean, you're going to bring this conversation up again, that's fine, maybe -- maybe a lot of folks on the progressive left are really still hyped up about it. just do the work. just come back, put some good bills on the table that forces both sides to have to push this president to make decisions and lay out your case for next year. all of this other stuff is just at this point, i think, brian, a lot of noise and confusion in terms of the national security advisers he's blown through. i wonder just having been part of the national security council process, having spent all those years with president obama, who obviously had a very different approach to

did you ever play against michael jordan? john: i did get to play against michael around chicago a lot. you know, he would be at different clubs, and you get to be on the court with him. david: do you think he was overrated? john: [laughs] no. i think he is the greatest player of all time. david: i understand you played against him, and you beat him. the only person who ever beat in in a one-on-one game? john: it was a very fortunate circumstance. i used to go to his school, which is a fantasy camp for people 35 years and older. so every summer of the camp, he would challenge any camper to a short game of one-on-one, first to three wins. since no one had beat him in the first seven years of the camp, i think he was overconfident. he would let people make a basket or two before he would sort of clamp down and shut people down. also, i had the advantage when i played him, i think he played 15 campers before he got to me, so he was kind of tired. and so i snuck up on him, and coach carril always said even though i was not a good

did you ever play against michael jordan? john: i did get to play against michael around chicago a lot. you know, he would be at different clubs, and you get to be on the court with him. david: do you think he was overrated? john: [laughs] no. he is, i think the greatest player of all time. david: at one time, i understand, you played against him and beat him. the only person who ever beat in in a one-on-one game? john: it was a very fortunate circumstance. i used to go to his school, which is a fantasy camp for people 35 years and older. so every summer of the camp, he would challenge any camper to a short game of one-on-one, first to three wins. since no one had beat him in the first seven years of the camp, i think he was kind of a little overconfident. he would let people make a basket or two before he would sort of clamp down and shut people down. also, i had the advantage when i played him, i think he played 15 campers before he got to me, so he was kind of tired. and so i snuck up on him, and coach carril always said e

or as you know terribly and your such huge for him is michael. it's interesting to see kind of all of these cases connected to the rush limbaugh were pro bowler part and one thing that i notice is a certain mentioned judge you have to be trying to there's also the same struggle judge we actually just talked about recently ruled that terrorist screening databases are actually violate constitutional rights of american citizens who are out of so this judge is clearly can avoid getting him he's definitely making a name for himself as a probable jobs in some of these i profile cases and what his decision would you know early july 1 of the other things like not been a really good year for russia gaev. in these court cases afterward so in early july u.s. district judge dabney friedrich role that u.s. attorney general william bar and robert muller violated court rules in public statements about saying that the russian firm concord management consulting with connected to the russian government so there were certain things where they were saying that thing

neera hayk, and michael steele, former rnc chairman. thanks to all of us for being with us. jonathan, i guess take us inside the administration on how something like this works or might work. we have the reporting there that the president suggested to mike pence that he stay at a trump property. what does that mean in an administration like this? and what's the consequence? is there a consequence somebody would face if they don't follow the suggestion? >> well, my reporting is that it isn't any more complicated than what was described by mike pence's chief of staff -- sorry, chief of staff, mark short. trump often does things like this when he says you should my property is the best you should stay there. i think what's really important is to put it in the much larger context is that trump's presidency has been the world's greatest infomercial for trump properties. it's not just the money that you just referenced in terms of taxpayer dollars of housing, secret service and others at the properties. it's putting it on the world stage. the name idea of mar-a-lago prepresidency

our top story: the former prime minister, david cameron, has criticised borisjohnson and michael gove accusing them of trashing his government with what he describes as their appalling behaviour, during the brexit referendum. in his first major interview since leaving downing street three years ago, mr cameron has told the times newspaper that the result of the referendum left him feeling depressed and that he worries about it every day. here's our political correspondent helen catt. after years of carefully keeping himself out of the headlines, former prime minister david cameron is once again the big news in town, and that may not be welcome news for boris johnson. he and his cabinet colleague michael gove are accused by mr cameron, in his new book, of behaving "appallingly" during the 2016 referendum. he actually, in the book — i said to him "you call michael gove, who was a close personalfriend, ‘mendacious”', and as for borisjohnson, and he says he has always found him amusing, he has worked well with him in the past, but he doesn't always trust him. david cameron also admi

. >> i'm michael. >> i'm ben. and this is the triumph and tragedy of the hitler youth. we fight, we sacrifice, we triumph. >> inspect presence of this banner, which represents our fewererer, i swear to devote all my energies and strengths to the savior of our country, adolf hit lemplet i'm ready and willing to give my life for him, so help me god. > what are you doing here? [speaking in german. >> and i'm here because i've been told you can't keep up with our new curriculum. >> my students need to learn real math and science. not by your arian issue -- ideas. >> hitler has declared you will teach our children these things. >> i'm not teaching these lies. >> then you are dismissed. >> sir, where's our teacher going? >> from now on, we'll be teaching youth, the leaders of tomorrow, what germany is d.c.ened to become. - desk ined to become. -- destined to become. >> they've learned so much today about our people and history but also about the furhrer. >> don't get your homes up with the promises of the colonsor -- chancellor. take his promises is to control of the ver zay.

now they've interviewed michael cohen. this is still pretty early stages, and we do expect to have them interview other people who might have some information about this, anderson. >> and has the trump organization responded tonight? >> yeah. so we did hear from one of the lawyers from the trump organization, mark mukasey. he gave us a statement saying when you lie down with dogs, you get up with fleas, an apparent reference to the credibility of michael cohen and how useful he may be to the prosecutors. >> but michael cohen worked for donald trump for many years, so was donald trump flea-infected? >> i think that's the question. >> i don't -- i'm not sure that's the greatest analogy for somebody you've employed for a long period of time. thank you very much. some perspective now from elliot williams, who served as deputy assistant attorney general under president obama. also with us, jeffrey toobin, cnn's chief legal analyst. is this -- i mean does this mean -- the fact that the southern district of new york just has hand

michael of silicon valley has been brilliant on this. how come they have a different playbook out there than we do in the real world? >> we have a lot of playbooks out there, and they come and go. i like use a disease analogy. tom: a disease analogy? >> i'm sorry to say it, but it is like that. the idea is influenza keeps coming back. it's a disease. it's because the narrative mutates, the disease mutates, and suddenly it's contagious above the recovery rate. so it explodes into an epidemic. it's purely mechanical. tom: i learned you got math mall cal formulas in the book. you take this, mike, there's too much math in it. >> no, it's in the appendix, i oved it for people like you. francine: professor, i need a couple of pointers, because i'm teaching math to my first grader. we'll be back with michael holland and robert shiller. but stay with us. happening now, the u.k. prime minister boris johnson's lawyers are in the country's highest courts defending his decision to suspend parliament. the hearings have begun. they will last three day

to jon meacham, to michael beschloss. greatly appreciate you both joining us on a friday night to round out this week. >>> coming up for us, he may have been the tallest candidate, but he came up short. now the democratic field has been pared way back to a bare-bones 17 candidates. this story when we come back. >>> the 2020 democratic candidates turning their focus back to iowa this weekend. and the democratic field shrunk by one today. bill de blasio, polling at 0% in our latest poll announced in this very studio today he is getting out of the race. tomorrow morning's hometown paper, "the new york post" features a short obituary let's call it. have no fear, however, as at least 17 other democrats will be in des moines for the traditional polk county steak fry, among the larger political events in the state. despite this weekend's weather forecast for des moines. for more we are happy to welcome to the broadcast, abby livingston, washington bureau chief for the texas tribune, and you know the other guy, steve kornacki, ou

michael gove was very different. they were close friends, close family friends and there was a sense of personal betrayal about michael gove that there was not about borisjohnson. i think that is why you see in the memoirs, a lot more personal animosity towards michael gove. there is a lot of anger about david cameron clearly from remain supporting people and there is word that preorders about the book have not been very good and some book shops actually do not want even sell the book. do you think that is going to be an important book or a book that people want to read? well, she is not everyone's favourite person at the moment, the remainders are very angry with and that group and have the country because he caught the referendum and they think you should not have called it and he fought badly in the brexiteers are very angry with him for supporting remain. it has not gone remotely well so it is a difficult time for the book to come out and it was going to come out earlier but the decision was taken to delay it unt

global supporters of the afghan government michael do you think any new afghan government after this nicholas year after this election will be able to negotiate in a stronger position is peace with the taliban still possible. it is still possible it is necessary i think that afghans on both sides of the conflict have decided that now is the time i suspect that they the taliban will try to to hold out for a while longer voiding meaningful negotiations with the afghan government and i think that's where of the the success of this election is written really matters by a strong a strong government which is able to give effect of leadership to its security forces which is able to make a credible offer to the the taliban of getting them on board. and accommodating some legitimate grievances of the of the taliban and also which is which is able to to demonstrate that it can you know keep the country together even during a period of the us withdrawal then i think that eventually maybe not in one week maybe not in one month maybe it will take time they will get the taliban to the negotiating

thanks very much for that from tokyo michael penn with us from the shin gets his agency. as preview now some of the other stories making the news this hour finland's prime minister and here in a says britain has until the end of the month to submit written proposals for threats of plans to the e.u. were made the comment during a visit to paris to see the french president saying without british proposals quote it's over finland currently holds the presidency. israeli prime minister benjamin netanyahu has called on his main rival to form a broad governing coalition after tuesday's election ended with no clear winner. party leaders said there was no choice but to join the centrist blue and white party of many guns in a national unity government at least 20 people have been killed and more than 90 wounded in a truck bombing in southern afghanistan authorities say the early morning blast occurred next to a hospital in the city of kolob the taliban have claimed responsibility. canadian prime minister justin trudeau has apologized after a picture of him wearing brown face make u

and ceased michael flynn jr. computers and electronic device an those thing it is not too hard to imagine that might have happened. i don't to speak now to things that are not a matter of public record. but stay tuned -- >> fox news reached out to british academy here in washington tonight. they were responded and said if they have had anything to offer, about the letter warning about christopher steele they would get back to us and we also reached out to an attorney for suzanne rice, of course, update you if we get a response there. >> susan rice knew it was pretty clear that the obama administration understood as they prepared for the transition that that dossier that was before the fisa courts presented by comey mig and his fbi was that the very least -- likely to be a fraud on the court. >> several red flags and if this letter, in fact, exist we heard it be before but now in court record it is another red flag that said that it was problematic to be using the dossier so if you kind of it out say maybe not eve

we now go to bloomberg's michael mckee. michael: the bond market will not like this. and 130,000 jobs created, 100 -- and some of those were census hires. private sector hiring just 96,000, the consensus was 150,000. june and july hiring revised down by a total of 20,000. it is not all bad news. the unemployment rate stays at 3.7%. a big jump in labor force participation offset by a jump in household survey hiring. 5.5%,unemployment falling the lowest on record. the average work week tips up to 34.4 hours. manufacturing overtime falls to 3.2. the participation rate edges up nicely, 63.2%, the highest since february. the good news in this report, average hourly earnings up .4. that keeps the average annual rate at 3.2% which should help consumers keep spending. whoill not help retailers, lost 11,000 jobs last month. it is the seven consecutive month retailers have lost jobs. it is a story of fewer jobs created. just 14,000 in construction. 3000 in manufacturing, 37,000 in health care and education. good news on the underlying numbers. bad news on the headlines. somethi

michael: they certainly do. from a macro economic or monetary perspective, the problem with low interest rates is that at some point, you get a kind of deflation problem. because even though we don't know exactly where it is, there is some lower bound in monetary policy, it loses its power to economic downturns -- counter economic downturns. i'm now on your side on this. i don't think we should get uptight because we entered a period of relatively low inflation. what i think has happened is that the thinkers, the relationships that monetary policy people and central banks have relied on, like the phillips curve, the relationship between unemployment and inflation, they all seem to have disappeared. it is almost certainly true that means there have been structural changes in our economies that have changed the historical patterns of the relationship between these things. i think a very good guess, even though it cannot be definitive, is that the digital technologies are an important that -- part of the structural

guitar michael schenker. sleeping with the lights on is a track off the new album revelation by the group my coaching profession.

michael, what is this we're looking at? because speaker of the house is not impeaching the president. >> they don't know what they're doing. they don't know. i mean, come on. that is the worst word salad you could possibly come up with. i have no idea what that means. i don't think anybody knows what that means. the fact of the matter is no one's talking about impeachment. i mean, you're going to bring this conversation up again, that's fine, maybe -- maybe a lot of folks on the progressive left are really still hyped up about it. just do the work. just come back, put some good bills on the table that forces both sides to have to push this president to make decisions and lay out your case for next year. all year. all of this other stuff is just at this point i think, brian, a lot of noise and confusion like that paragraph or two that you just read. >> two guys who have done the work. returning veterans tim o'brien, michael steele. gentlemen, thank you. as always, for coming on. and coming up, north carolina held a special e

the level and what's next after globalization is a book written by former princeton academic michael sullivan it told us an analysis of the transition and world economics finance and power as either globalization ends i guess we need to new power centers and institutions the author tells alex why we all need to be ready for this change. michael sullivan this new book the leveling you say that the end of the globalization evil inevitable how can that be when we've got the great global companies bestriding the planet are not the biggest manifestation of globalization what's happening to these everyday work we are reminded of the fracturing of the globalized world we have a trade war going on there is a democratic dispute going on in hong kong those big tech and commercial titans are being regulated in europe they're being closed out of the chinese market and they're also vulnerable i think in the states too to the slowing economic cycle so everywhere we look globalization is beginning to petero trade as percentage of g.d.p. is falling the flow of ideas the flow of people is slowing and

global supporters of the afghan government michael do you think any new afghan government after this nicholas year after this election will be able to negotiate in a stronger position is peace with the taliban still possible. it is still possible it is necessary i think that afghans on both sides of the conflict have decided that now is the time i suspect that they the taliban will try to to hold out for a while longer voiding meaningful negotiations with the afghan government and i think that's where are they the success of this election's written really matters. a strong a strong government which is able to give effect of leadership to its security forces which is able to make a credible offer to the the taliban of getting them on board. and accommodating some legitimate grievances of the of the taliban and also which is which is able to to demonstrate that it can keep the country together even during a period of the us withdrawal then i think that eventually maybe not in one week maybe not in one month maybe it will take time they will get the taliban to the negotiating table and

on nbc, everybody welcome michael che and colin jost ♪ [ cheers & applause ] [ cheers & applause ]. >> look at that, they love you so much. >> jimmy: i just saw you and they gave you a standing ovation. >> it is like someone told them to >> jimmy: no thank you for doing that joke. >> so much fun >> jimmy: i know "saturday night live" is happening this saturday why are we doing this show we got work to do. >> this gets us out doing the work >> jimmy: oh yeah, you got woody harrelson and billy eilish that's a great show. >> they always travel together >> jimmy: they really do the season premier i remember i was excited and nervous, what's going to happen and what new things we got cooked up? >> that's always scary woody has been there a few seasons ago. he has a comedy background >> jimmy: i forgot that. >> like in "cheers." >> jimmy: that's amazing another big news that we -- >> i just want to say cheers >> jimmy: i want to say another big news is that this summer, colin, you got engaged to scarlett johanson. [ cheers & applause ]. >> jimmy: you have been dating forever. that's a big d

and party city, prty michaels is the largest arts and crafts specialty chain in north america. it's a great store i love going there it's a great place to buy stuff for your kids if they are artistically oriented. in 2006 michaels was taken private by two firms, bank capital and blackstone group then they sat on it while the market languished. at first the stock was a strong performer. michael's was being haled as a pe backed retail deal that didn't end in disaster somebody forgot to not do it since then the stock has become a disaster why? why? because they reported a series of very weak quarters. some of them were in line and truly abysmal. then the company delivers a better than in favor result a week ago and the stock is off to the races shooting from 5 to 10 bucks in a matter of days. the number is okay but not 80% michaels said 20% same store sales growth i don't trust the balance and i think you're getting an opportunity be at this to get out higher than you would otherwise. hey, how about this party city big party supplies, halloween chain. we're coming into their sweet

in basketball, you have somebody named michael jordan, a basketball player, you've heard of, right? david: and so, was it hard to sign him up? and why was his shoe so successful, became the most successful shoe ever in the athletic world. phil: yeah, it was hard to sign him up because everybody wanted him. and we won that bid. we won that war. david: was it on your personality? phil: clearly. [laughter] david: not money, just personality? phil: no, we offered pretty good. but we had a lot of good players. we didn't have really great players, and we thought he had the chance to be that. he was obvious way better than we ever could have imagined, but, yeah, when he started wearing the shoes, we made them really dramatic. they were red and black and white, the 3 main colors. and of course, he was a very exciting player. he jumped and he was quick, and he shot, he did everything well, and he was handsome and he spoke well. and then the shoe was distinctive looking. and david stern did us a huge favor, he banned it in the nba. and so we ran a big says "banned in the nba," and every kid w

maloof pleasure to speak to you again michael are you surprised by this 1st of all. not at all. the exact timing seemed to be a little bit surprising but there had been rumors for months that. the president was was not happy with name and there are a lot of reasons why and we can get into the 101st of all what do you think was the i mean you can go through the back catalog of issues as you say. what do you think the final moment the final straw was was that they have peace talks that didn't happen. well that's what has been reported but i think more important is probably that trump solved bolton basically leading him into a quagmire with iran and he did not want that to happen he wanted to negotiate and for weeks we saw where. better to talk to the iranian leaders without conditions and immediately bolton would get on the. t.v. and basically list a whole series of conditions maybe just i mean he as a national security advisor his role was was to coordinate the views of different government agency heads in the national security realm instead he brought to the position