david: ok. >> 400%. david: 400%. yeah, ok. wow. that is pretty good. [laughter] jean-paul: and it is not finished. [laughter] david: ok. and the market value of your company today is about $140 billion? jean-paul: yes. david: what was it when you took over? jean-paul: four times less. david: ok. that is pretty good. people are happy when they use your products? jean-paul: absolutely. david: the happiness quotient is very -- jean-paul: it's very important. because we're also convinced at l'oreal that it's a great, great industry. you know, it is a great job. you make, by creating beauty products, you make people more happy. you make people have a better self-confidence, self-esteem. it is a very positive thing. ♪ ♪ david: let's talk about some of the things you did. now, one of the things you have been very focused on is gender equality. jean-paul: yeah, today two thirds of the employees at l'oreal are women. and it is 50% of the board. it is one third of the executive committee. it is 50% of all management. david: ok. jean-paul: so we are really do

that david needed to be gotten rid of, because they never wanted david to be in johnny's life. >> david was murdered in cold blood, just to keep him out of his son's life. >> and boom, it clicked for me, all of a sudden. i said, wow. i said, that's over child custody. that's why he's not here today. >> that was the motive? >> that was the motive. >> but was wolf's confession to an ex-wife a true story or just alcohol-fueled bravado? there was no way to know, for sure. but it was enough to at least bring about the rest. in october 2004 of michael wolfe, now living in ohio. but an arrest does not a conviction make. and as michael wolfe cooled his heels in an ohio jail, he professed his innocence to anyone who would listen, including the local police, to whom wolfe sent a letter in which he claimed all he knew of a crime centered on a conversation with his ex-wife barbara's father, harry, a few months before the murder. stephen kamp was a motor with the new palm times and read his letter. all he would admit to was meeting harry at a park, a place where david's bones would later come out of

david: ok. randall: my wife and i were getting married, and she said i needed 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 my first job -- my first job 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 on the drive. i would push load and push start and do that for a 12-hour shift. david: and that propelled you to the top, right? [laughter] randall: it was pretty much the foundation of everything i do now. david: your brother is still working in the company, right? randall: he is a technician in norman, oklahoma. david: does he mention you are the ceo of a company or he doesn't mention that to people? randall: he is a member of the labor union. i don't think that would be received well. [laughter] david: ok. when 1984 came, at&t was broken up, they had seven baby bells. how did the smallest become the one that ate up ever

david: even from interviewers, you would not take any money? [laughter] david: ok. ken: you fall into one of my idol categories. heroes in my career, i will figure out how to solve for. that is an important statement. your success is an important story that helps to encourage the next generation to pursue a life with vigor and with passion. so leave that aside. we are closed to new investment. david: your wealth has created opportunities for many things, including philanthropy. how do you decide what your philanthropic gifts will be? ken: i am in bloomberg's corporate headquarters. michael bloomberg's gift to johns hopkins makes what i have done seem pretty immaterial. congratulations, michael, for completely setting a new bar for all of us to focus on. nothing is more important to american competitiveness than education. there is nothing more important. it starts at preschool and goes through our greatest universities. i have done a lot of work in k-12 education. the numbers involved are staggering. if you look at a city like chicago, we will spend about $5 billion

david: yes, i do. i started out as a animal husbandry major myself, then i realized private equity would be better. [laughter] david: ultimately, you got a job with southwestern bell. that was the result of the breakup of at&t in 1984. so, how did you get a job there? you worked right out of college? randall: i like to say i got my job the old-fashioned way, my brother got me on. my wife and i were getting married, and she said i needed to get a job. i was in school. aid i will get a look at yo you on the phone company. i went to southwestern bell and i started my first job -- my first job was to hang 19-inch magnetic tapes onto tape drives. hang this tape on that drive. i would push load and push start and do that for a 12-hour shift. david: and that propelled you to the top, right? [laughter] david: your brother is still working in the company, right? randall: he is a technician in norman, oklahoma. david: does he mention you are the ceo? randall: he is a member of the labor union. i don't think that

david? david: edward, thank you very much. how is the report shaping spending debate amid record deficits and debt? to small business and entrepreneurship council president and ceo. karen, i just think if you are pouring money down a hole in which it's getting lost, you don't just keep pouring more money down that hole. you have to fix the hole. you have to shore up, pour some cement down there to stop it from leaking first, right? >> absolutely. you know, this is the same result, report we get every year. the system is broken and fundamentally, it needs to change. you know, it's an outdated model in terms of how the program is funded, particularly social security. it was done at a time when there were shorter life spans, people had one job all the time so there needs to be fundamental reform. certainly, we can't get out of this by taxing the business community, taxing small businesses more, taxing workers more. particularly now, when the competitive economy, in a globally competitive economy, and where payroll taxes really ar

david, back to you. david: gerri willis good to see you. thanks, gerri. 11 billion in tariffs on eu imports. the trump administration threatening just that and the eu is saying just try it. i will have the very latest from all these hearings on "bulls & bears" at 5:00 p.m. right here on fox business. you don't want to miss that show 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. ( ♪ ) the day we'll finally get something done. this is the family who booked the flight, ♪ who saved by adding a hotel, which led to new adventures, ♪ that captured their imaginations ♪ and turned moments into memories. with flights, hotels, activities and more for your florida vacation, expedia has everything you need to go. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things

david: even if mr. mcaleenan is better qualified at the job than miss nielsen was, with these asylum laws, and everything how much can the guy at the top change things? >> well so president trump is looking for alternate solutions, solutions within his power and policy is. some of these changes are being made and looked into, along with the national border patrol council. some of the solutions our border patrol agents have additional duties as asylum officers, where border patrol agents will have the ability to do the credible fear interviews. can make the process more efficient. we can deal with people who are abusing asylum laws. david: hector, the other issue, which is a big one, it is so easy to get along in life if you're an illegal immigrant in the united states now. you get health care, you get education. in some places of course you get a drivers license virtually every state. in some cases you can even vote here illegally, does that have to change as well? >> of course. those are the magnets we

as was camp david. camp david was originally called shangri-la, which means heavenly place, which it is. it's talk to the mountains. it was only a 25 minute helicopter ride from the south lawn. it means is extremely accessible. laura and i access to it a lot. we went there as often as we could. you will hear from one of the base commanders from there. the whole deal is that it is a military base. they have other military functions and duties. when the president is there, it is to pamper him. they do a really good job of it. dwight eisenhower changed the name to camp david. my brother marvin lobbied for a change it to camp marvin. thankfully i did not. we have a lot of fond memories of camp david. it's a place where laura and i invited a lot of world leaders. tony blair's first visit to the united states, we took him there. laura decided to have a movie there. they have a nice movie theater there. it was called "meet the parents." i was asleep. [laughter] if you like to exercise, is a great place to exer

david? david: taxes are back at the top of the political agenda, with senator elizabeth warren proposing a 7% tax on all profits over $100 million for corporations. no exemptions or exceptions. we welcome someone who knows as much about the intersection of politics and policy is anyone, isaac boltansky. drafter of policy research at compass point research. he is in new york today. isaac: nice to be with you. david: let's start with elizabeth warren. is this a serious proposal or a campaign slogan for her? isaac: sure. i'm reminded of former governor cuomo's great line that you campaign in poetry but you govern in prose. everything we have seen thus far from the actual candidates and some of the shadow candidates for the democratic nomination have been aspirational in nature. this is aspirational in nature. it is hitting on an overarching theme. democrats want to focus on economic inequality. there are a number of spokes on that wheel. there is tax policy, there is health care am a there is e

been a recent visitor to camp david. there was a contractor working at camp at that time by the name of kenneth plummer. and mr. plummer noticed that in that experience, there was nowhere for people to gather to pray, to think, to be quiet. there was no sacred space whatsoever. so mr. plummer began the process of saying he wanted to see a chapel built at camp david. it took him some time, but through his persistence, he was able to form a nonprofit. he raised the money to build the chapel, and ground was broken by president reagan, who was the first contributor. and then the chapel was dedicated during the presidency of president bush 41. it was also during that time that president bush decided that he wanted a chaplain there, and so i have had the privilege of following in the legacy of having navy chaplains at camp david ever since that time. if there is any one thing that i would want you to know about camp david, it is that there is a very unique climate of community there. it is a small group of people. a lot of peo

david: no. i am a big admirer. brian: he says, dear david, the headline gives it away. "david brooks, let me respectfully suggest: lighten up." he says, i am a big fan, you write beautifully and have insights about lifestyles and beliefs that others had missed. then he says, i really respond -- rarely respond directly to other columnists, it's a good rule because it would make commentary more personal and shrill, but sometimes rules need to be broken and this is one of those times. let me respectfully suggest, lighten up. to be sure, most of your insights are true, but they are also utopian. let me stop there. what do you think? david: i'm not sure where he is going with that. it is about cultural anxiety. i think we are in a culturally perilous place. 40,000 people are killing themselves a day with opioid addiction. -- a year with opioid addiction. brian: he said, here are a few comments on the lies. he said ambition is america's blessing and curse. it has people try new things. what do you think? david: maybe i was exaggerating. a lot of the things that i think i call

david? david: president trump was not in a position to announce a trade deal when he met with the chinese spies premier in the oval office yesterday but he did nothing to lower expectations on how it formed it will be when it comes. >> we have never done a deal like this with china. it is very unique. it is a massive deal, could be -- i guess it is the biggest deal ever made. there cannot be a deal like this no matter where you look. this is the granddaddy of them all. david: we welcome michael pillsbury, director of chanter -- of the center on chinese strategy in the hunter institute. he is the author of the 100 year marathon. he joins us from washington. welcome back to the program. we do not know what is in this program yet. we do know it is taking a fair amount of time. it appears the president and his colleagues are being very methodical. should that tell us that there is a problem with the deal or should it tell us the deal will be more important than we realize? michael: it is the com

david: yes i do. i started out as a animal husbandry major myself, then i realized private equity would be better. >> [laughter] david: ultimately you got a job with southwestern bell. that was the result of the breakup of at&t in 1984. so how did you get a job there? you worked right out of college? got my: i like to say i job the old-fashioned way, my brother got me on. my wife and i were getting married, but she said i needed to get a job. i went to southwestern bell and i started my first job -- my first job was to hang 19 inch magnetic tapes onto tape drives. hang this tape on that drive. i would push load and push start and do that for a 12 hour shift. david: and that propelled you to the top, right? >> [laughter] david: your brother is still working in the company, right? randall: he is a technician in a normal, oklahoma. david: does he mention you are the ceo? randall: he is a member of the labor union. i don't think that would be received well. david: at&t was broken up, they had seven babies

david: good to see you. strangers gathering for a funeral service for a world war ii veteran passing away at the age of 97 years earlier this month leaving behind no family his wife died two years ago. one woman met him while meeting him at the nursery on guest nursing home and she held a funeral so people knew about his life and his service to the nation. using social media and hundreds of people came out to pay respects to a true american hero. god bless. president trump heats up the rhetoric against illegal immigration. >> ms 13 gang members come in. you don't want to meet with them but i.c.e. doesn't mind. we don't want them in our country. they are not getting into our country. and if they have in the past a lot, and then we throw them out. they are out. [applause] david: the panel will take up david: the panel will take up a crisis sir, you're a broker. what do you charge for online equity trades? uh, i'll look into it. (phone rings) lisa jones! lisa: (on phone) hey carl, what are you charging me for o

david? david: thank you so much. very interesting news, particularly interesting to lisa about deutsche bank. or financial stability board reduce the amount of capital buffer deutsche bank has to hold from 2% to 1.5% of risk-weighted assets. i'm just asking lisa why is that specific to deutsche bank? because it is not as systemically important as it used to be. lisa: interesting the board may iter how much additional cap needs to hold to ensure can withstand the crisis. if it does fall apart, it will not be as important. this will definitely get attention from other regulators as well as investors. shares down in germany 1.3%. david: i'm not sure if it is good news or bad news. it does not have to take effect until 2021. it is not immediate. lisa: right now, the fact that regulators are trying to help the bank out, the best way they can help them out is say you are not as important as you used to be so you do not have to be as worried about your future home. this is allegedly and this is only according to reporting s

david: well, whatever you want to say. [laughter] david: do you like him personally? mr. trumka: i like him personally. david: but you don't think he can get done the things you want him to do? mr. trumka: he can, i hope he does. the first two has not been really good because he has taken regulations over protecting workers. he has weakened them or taken them off the map. he took the rules i had been passed, changed it and that cost 8.2 million americans not getting overtime week he changed that regulation. i bet those 8.2 were not happy. talks about the weather, nobody can do anything. infrastructure, but nobody can get a bill out of congress that does something. why can't we pass and infrastructure bill out of congress? what do you think the problem is? mr. trumka: the republican party won't pay the money. they won't figure out a way to pay for it. they are afraid to raise even a gasoline tax. the gasoline tax has not been raised for a long time. it needs to be raised. funds need to be dedicated to it. trillion tot $4.5 make our infrastructure the world's best. we used

david: david and phil, thank you very much for being with us. emma chandra is standing by here in new york. emma: i'm here with the ceo of how one -- of cowan. thank you much for joining us. we just got that durable goods data coming in. less bad than expected but still down in the prior month revised down. how confident are you in the consumer this year and by extension the u.s. economy through 2019? >> i think we are long in the tooth from the economy from the recovery in the bottom of 2008 and 2009. the always have to be concerned when the recovery has been going this long. consumers are smart. they have to realize their earnings power has to go a lot sother in this economy they're being smarter about what they're doing with their money. you can make the case that people need to be more aware of their personal finances. do i think long-term we will have a change in spending patterns? probably not. in the short term to we have a blip in consumers pulling their horns? maybe. emma: this conference is about the future of the consumer. what opport

david, i forgive you. i'm not going to allow myself to let you rule my life anymore. >> but gayle says she would still like to ask her former son-in-law a final question. >> why and how could he ever harm such a nice person? i mean nici was such a good person. >> the hardest question always the why. the coldest fact, the young woman gone too soon. >>> that's all for now. i'm craig melvin. thank you for watching. >>> due to mature subject matter, viewer discretion is advised. >> man, oh, man. my [ bleep ] bill is too damn high. it feels like i can't afford it, man. >> jail takes a dark turn for a light hearted teenager. >> it's a little more dangerous in here because people are fighting life so people snap easily. >> it provides a new beginning for an old bank robber. >> i've been writing "bank robber blues, the tales of the mummy bandit." it's a page-turner. >>

david? david: john roberts, thank you very much. >>> u.s. china trade talks appear to be reaching a pivotal two weeks. u.s. trade advisors suggesting the next round of talks will end in a recommendation to president trump on whether or not a fair and reciprocal trade deal can be made and enforced. edward lawrence is live in washington with the latest on that. hi, edward >> hi, david. yeah, it's already tomorrow in china, in a few hours, u.s. trade representative robert lighthizer and treasury secretary steven mnuchin will start the tenth round of face-to-face talks with the chinese. in an exclusive interview, the treasury secretary mnuchin says yes or no on a trade deal with china could be answered next week after the chinese delegation comes to washington for talks on may 8th. >> we hope within the next two rounds in china and in d.c., to be at the point where we can either recommend to the president we have a deal or make a recommendation that we don't. >> now, the sticking point is still

david: it is. speaker pelosi: no, the trade agreement. david: ok. [laughter] david: oh. the questions are easy. speaker pelosi: i will leave you with a thought. that this country is the greatest country that ever was. it can withstand anything. ♪ david: sala burton was a good friend of yours. when she was on her deathbed, she asked you to run for congress. have you ever thought of running for congress and what did your children say when you said you were going to run for congress, and your husband? speaker pelosi: here is the thing. i had no interest. in our family in baltimore, maryland, my father was in congress. first grade, he became the mayor of baltimore. when i was at trinity college, he was still the mayor. the only life that we knew. we were born into a family with devout catholic, seriously patriotic americans. proud of our italian-american heritage. staunchly democratic. that connection between our faith and how exercise our belief in the gospel of matthew were how we just treated people with a spark of divinity. each of them having worthy of respect for all

david: this is "balance of power" on bloomberg television. i'm david westin. house ways and means chairman road to the rs requesting president trump's tax returns, citing the committee's oversight responsibility. trump gave a less than enthusiastic response. this is live to president trump, breaking news. here we go. trump: technology, intellectual property theft, everything is covered. we're in a good position. our economy is way up. china is not way up. we going to make a very good deal or we not -- or we are not going to make a deal. it looks like the deal is moving along nicely. we will say hello to the media in a little while, sometime after 2:00. thank you, everybody. a lot of good things are happening with mexico. mexico understands that we will close the border or i am going to tariff the cars. one of the other. probably start off with the tariffs. that will be a powerful incentive. mexico has the strongest immigration laws. they do not have courts. we have a stupid system of courts. we could be the only country that has it. you put a foot on the prope

david: -- to the sec. david: on the one hand, doesn't mean they are in trouble? on the other, does it mean they are making sensible decisions? alix: i guess the answer would be yes to both. [laughter] alix: by favorite quote comes from matt levine for blumberg opinion. accepted has kind of that sometimes, musk will tweet things about tesla that aren't true. the question is just how much of a sense of humor people should have about that." security laws are based on a sense of humor. what does that mean? alix: it seems like that is basically what the world is feeling when it comes to musk. david: that is a unique defense. we turn now to wall street be to come we cover three things on wall street this morning. first off, saudi ramp -- saudi bond offer sores passed $100 billion. and wall street invest in your future, literally instead of taking out loans. students can hand over parts of their future earnings in return for investment today. alix: joining us now, lisa abramowicz. a100 billion-dollar order books for saudi aramco. how much of that -- a 100,000 building -

as was camp david. camp david was originally called shangri-la, which means heavenly place, which it is. it's talk to the mountains. it was only a 25 minute helicopter ride from the south lawn. it means is extremely accessible. laura and i access to it a lot. we went there as often as we could. from one of the base commanders from there. the whole deal is that it is a military base. they have other military functions and duties. when the president is there, it is to pamper him. they do a really good job of it. dwight eisenhower changed his name to camp david -- the name to camp david. my brother marvin lobbied for a wild to change it to cap marvin dash cam -- camp marvin. thankfully i did not. we have a lot of fond memories of camp david. it's a place where laura and i invited a lot of world leaders. tony blair's first visit to the united states, we took him there. laura decided to have a movie there. they have a nice movie th eater there. it was called "meet the parents." i was asleep. [laughter] fmr.

david? david: there off and running for the presidency in 2020. with the democratic field getting full and president trump setting the agenda for his reelection drive with things like closing the border and shutting down obamacare. for a verily -- for a very early read, we welcome jim kearns, former spokesperson for the republican -- for the california republican party. i will turn to you first. we put up a poll where things are. a quinnipiac poll. we have joe biden, who was not declared in front with bernie sanders and benno o'rourke closing. the what i'm interested in is pete buttigieg who is put up remarkable fundraising numbers. he is down in polls, but will that last? >> it will not last very long. as more and more candidates get in, when they come in they get a bump. we are talking a lot about him. -- he hasnitely definitely become the candidate to sure. -- the candidate de jure. i'm not surprised at his fundraising numbers. he is the new hot thing. that is ok. what is interesting is w

david: it is. speaker pelosi: no, no, i meant the trade agreement. david: ok. [laughter] david: oh. the questions are easy. not that hard. speaker pelosi: i will leave you with a thought. this country is the greatest country that ever was. it can withstand anything. ♪ ♪ david: sala burton was a good friend of yours. and when she was on her deathbed, she asked you to run for congress. have you ever thought of running for congress and what did your children say when you said you were going to run for congress, and your husband? speaker pelosi: here is the thing. i had no interest. in our family in baltimore, maryland, my father was in congress, a member from baltimore. when i was in the first grade, he became the mayor of baltimore. when i was at trinity college, he was still the mayor of baltimore. it was the only life that we knew. we were born into a family that was devoutly catholic, seriously patriotic americans. proud of our italian-american heritage. staunchly democratic. and that connection between our faith and how we exercise our belief in the gospel of matthew, when i w

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david: welcome to "bloomberg daybreak." i'm david westin. we welcome back alix steel. stanley investment banking revenue was a little light. earnings-per-share was $1.39. i had them at $1.17. alix: we are waiting for that equity unit. here we go. a little bit lighter than estimates. i wonder if that is par for the course at this time. the exception of jp morgan, all of the banks were light on equity trading. fic.: take a look at this blew past estimates. . it looks that degree like it. but equity trading is a big one for morgan stanley. alix: the stock still up about 1%. looks like it beat top and bottom line. investment banking little light come about as you mentioned, par for the course for banks this quarter. david: we will see. joining us now is alison williams and paul richards. how does this fit with the other banks? a little light on equities. a little better elsewhere. a little light, but i would almost call that a rounding error. advisory looks a little bit like. we will want to hear if there is some issue with timing. just in general, we are going to want to

david: good to see you. strangers gathering for a funeral service for a world war ii veteran passing away at the age of 97 years earlier this month leaving behind no family his wife died two years ago. one woman met him while meeting him at the nursery on guest nursing home and she held a funeral so people knew about his life and his service to the nation. using social media and hundreds of people came out to pay respects to a true american hero. god bless. president trump heats up the rhetoric against illegal immigration. >> ms 13 gang members come in. you don't want to meet with them but i.c.e. doesn't mind. we don't want them in our country. they are not getting into our country. and if they have in the past a lot, and then we throw them out. they are out. [applause] david: the panel will take up david: the panel will take up a crisis so, you're open all day, that's what 24/7 means, sugar. kind of like how you get 24/7 access to licensed agents with geico. hmm? yeah, you just go online, or give them a cal

david: no. this will im th be the third tis run for president. >> he doesn't move the needle at all. every other candidate should be thrilled he's in. he's going to get his 15 minutes of name and they're going to realize what they've realized in the past. this guy is duller than dirt and should not be president of the country. >> i was going to say i don't want to sound disrespectful. david: yeah, you can't top that. >> with biden and bernie and trump in this, am i watching cocoon or an election. and i'm wondering, if bernie is gathering all of the enthuse yam of the young, isn't that what a cory booker or a beto o'rourke is supposed to do? if they can't capture the imaginimagination of the young e they speaking to? >> he's going to come in with the name yd, biden with a lot of money. but the opening, the market not being served right now is a moderate policy agenda. i think he's got an opportunity here, if he comes n comes in ans green new deal crazy. i'm all for addressing climate. but it's go

david? david: last week president trump promised a spectacular health care placement for obamacare, which the justice department is trying to get thrown out. it looks like the alternative will take longer than expected, with the president tweeting the republicans are developing a great health care plan with far lower premiums and deductibles that obamacare. the vote will be taken after the 2020 election, when republicans hold the senate and take back the house. we welcome james clyburn. great to have you, mr. congressman. rep. clyburn: thank you so much. david: i will not ask you to comment on whether the republicans will win back the house. from a democratic point of view is this a christmas gift? we will put up a chart that illustrates what you know. health care comes up consistently is the most important issue. 30% of all americans that it was the most important issue, that was followed by jobs at 21%. is this somewhere you want to fight that next election? rep. clyburn: no question about

david? , the: today is tax day first april 15th when citizens be paying under the new republican written code that cut taxes for corporations and individuals. a new poll says only 17% of the american people feel the love of the tax cut. let's turn to our political panel. distinguished lecture at city university of new york and from philadelphia, the reverend joe watkins, a senior consultant with causeway strategies and a former aide to george h.w. but. what happened with republicans? people do not seem to be feeling that benefit? >> republicans have to do a better job of getting their message out. communication is not just a number, it is what people here. republicans have to do a better job of that. the president does a good job at that. he is skillful of getting his message out. do not be surprised if the president talks about what he did, the tax cuts he put into action a couple years ago when he is in minnesota today. david: when you do polls of voters, tax cuts do not rank highly, do th

david, thanks. >> all right. that does it for us. >> see you tomorrow, bulls & bears starts right now. >> -- will forever and fu fundamentally alter the character of this nation. david: for the third time in his life, former vice president joe biden announcing a run for the presidency and becoming the 20th democrat to jump into the 2020 race. this is the largest presidential field in history. president trump welcoming sort of biden, trump warns it will be a quote nasty race and it looks like it's already begun. this is bulls and bears thanks for joining us. i'm david asman. joining me is the panel today to sound off on this and a lot other topics. liberal groups on the attack, slamming biden here's what the group justice democrats just tweeted out quote while we're going to support the democrat nominee, we can't let a so-called centrist like joe biden divide the democrat party and turn into it the party of no we can't. new hampshire political reporter joining us now. paul, you know just about everything about wha

david: would you call mr. mcconnell and say let's have coffee and talk about where things are going? speaker pelosi: i don't drink much coffee. [laughter] david: you have been vilified by the republicans. speaker pelosi: once you get in that arena, you have to be prepared to take a punch. or prepared to throw a punch too. >> 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.

>> hey david. well, the first one is that there is a crackdown coming for tech companies at least when it comes to content that they have on their platforms, because today, chairman nadler said he wants federal law enforcement officials to consider white nationalist hate groups and the hate speech they spread online to be considered just as big of a threat as terrorist organizations, so they are taking this issue very seriously , but we heard from both representatives from facebook and google and what they said today was it's a lot harder to crack down on hate speech online, because what may be offensive to someone may not necessarily fall into the category of hate speech and there's not much they can do for that. also, looking on the global scale what may be hate speech in one country or not, is the opposite in a different region of the world, so there's a lot of factors at play here but the number one issue they say is they're really doing their best to navigate the line between freedom of speech

david: thank you so much for having us on, david brooks. the author of "the second mountain: a quest for a moral life." get the latest on global politics in your inbox every single day. coming up, fed in focus. digging into president's decision to drop his nomination of herman cain to the federal reserve board. live from new york, this is bloomberg. ♪ ritika: the trump administration has rocked energy markets today by saying it will not remove waivers that -- for countries that by iranian oil without facing sanctions. the goal is to not your run of its principal source of revenue. it countries currently have waivers including china and india. secretary of state mike pompeo called afghanistan's president over the weekend to express washington disappointment over the indefinite post potion of their talks with the taliban. the talks were scheduled to begin friday in qatar but were called off after disagreements over who should attend. the gathering was considered a significant first step toward finding an end to the war in afghanistan and th

david? david: the founder of starbucks, howard schultz, maybe ready for his next challenge, running for the present of the united states. he says he is still thinking about it but has put together what looks like a political campaign staff and is on a listening tour. here to tell us what he is hearing and what mr. schulz is his chief spokesperson, coming to us from washington. thank you for much for joining us. howard schultz has said he has not decided yet. what will it take to make them decide? does joe biden getting in the race make it less likely, because it is probably receive -- broadly perceived that joe biden is a moderate like howard schultz. erin: joe biden getting into the race does not change howard schultz's calculus at all. we'll see what the democratic primary will look at and how this shakes out during the democratic debates over the summer. it seems that all of the energy in the democratic primary is moving to the left. joe biden is a moderate. i do not know that he will be

david: ok. randall: my wife and i were getting married, and she said i needed 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 my first job -- my first job 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 on the drive. i would push load and push start and do that for a 12-hour shift. david: and that propelled you to the top, right? [laughter] randall: it was pretty much the foundation of everything i do now. david: your brother is still working in the company, right? randall: he is a technician in norman, oklahoma. david: does he mention you are the ceo of a company or he doesn't mention that to people? randall: he is a member of the labor union. i don't think that would be received well. [laughter] david: ok. when 1984 came, at&t was broken up, they had seven baby bells. ow did the smallest become the one that ate up every

david: you're in the apparel business. kevin: that jacket lets you increase blood flow and help recover your muscles faster. david: i'm feeling the blood flowing already. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed, but all right. david: i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? thank you for sending over these shoes. i got it. thank you for this. how come you're not wearing any of them? kevin: i'm a bit embarrassed, to be honest with you. they're available on the website, too. david: really? ok, well thank you very much. these will make me run faster, right? kevin: they'll make you run faster, jump higher, and be a lot more secure in your everyday living. david: let's talk about your company you've started, under armour. you had some of the great athlete

david: ok. randall: my wife and i were getting married, and she said i needed 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 my first job -- my first job 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 on the drive. i would push load and push start and do that for a 12-hour shift. david: and that propelled you to the top, right? [laughter] randall: it was pretty much the foundation of everything i do now. david: your brother is still working in the company, right? randall: he is a technician in norman, oklahoma. david: does he mention you are the ceo of a company or he doesn't mention that to people? randall: he is a member of the labor union. i don't think that would be received well. [laughter] david: ok. when 1984 came, at&t was broken bells.y had seven baby how did the smallest become the one that ate up everybody el

david: you got into harvard. when you got into harvard, did you decide to go right away or did you see if other schools would accept you? ken: that was a complicated story. ken: my father's business partner was a princeton graduate. princeton was my fwi his business partner. that was just before the time i was picking where to go to college. my dad said it would break his heart if i went to princeton. and, i went to harvard. [laughter] david: well, that has broken the heart of the princeton development people. [laughter] ken: one of my partners at citadel, who i have had the pleasure of working with for two decades, served on princeton's investment committee oversight and has done wonders to help princeton feel better. [laughter] david: the legend is you began trading convertible bonds out of your dorm room. ken: that is true. my freshman year, and i am at bloomberg, so i have to say my gratitude for the press, i read this article saying the home shopping network was overpriced. having read this forbes article, i

david: thanks so much. the british parliament is back at it today with a series of folks scheduled in its continuous effort to find some sort of consensus on how it will leave the european union. we welcome bloomberg brexit reporter jess shankleman. are they narrowing the -- thences jess differences? the option they hope they will see tonight, any sort of majority so that there's a soft brexit. they will be hoping tonight they might narrow that down even more and maybe even get a majority lisa: you've been covering this for a long time. is this just a big mess? are we moving closer to some revolution, or is this just another grain of sand? jess: it certainly seems like a big mess from afar, and feels like a big mess here. i think we are moving closer to some kind of decision, but nobody knows really what that might be. it could be a general election, some people calling for a referendum. theresa may said she would step down if she got her deal, and this week we are seeing people vying to replace her. jeremy

as was camp david. camp david was originally called shangri-la, which means heavenly place, which it is. it's tucked in the mountains. it was only a 25 minute helicopter ride from the south lawn. it means is extremely accessible. laura and i accessed it a lot. we went there as often as we could. you will hear from one of the base commanders from there. the whole deal is that it is a military base. they have other military functions and duties. when the president is there, it is to pamper him. they do a really good job of it. dwight eisenhower changed the name to camp david. my brother marvin lobbied for a change it to camp marvin. thankfully i did not. we have a lot of fond memories of camp david. it's a place where laura and i invited a lot of world leaders. tony blair's first visit to the united states, we took him there. laura decided to have a movie there. they have a nice movie theater there. it was called "meet the parents." i was asleep. [laughter] if you like to exercise, is a great place to exe

alix: david, back to you. david: great job to alix steel and david -- and ed hammond. now let's get a check on the markets with emma chandra. emma: after the closing highs of yesterday we are looking at stocks drifting in the u.s.. red across the screen for the major indexes. the s&p 500 and the nasdaq trading below the closing record highs we saw yesterday. it seems that investors are trying to weigh whether the rally we have seen this year has links to take it any further. earnings still a driver for individual stocks. we have been seeing earnings surprising to the upside rather than the downside. take a look at the chart. we are seeing the average share increased for the s&p 500 companies after earnings is falling. it is now a 3.2% at its year on year basis. share price increase saw the s&p 500 companies that have reported so far. let's take a look at some of those companies that have reported earnings. we are seeing a bunch of them fall. take a look at at&t, down 4%, down the most in january after the reported losing more wireless and tv subscribers. the global bel

david: it is. speaker pelosi: no, no, i meant the trade agreement. david: ok. [laughter] david: oh. the questions are easy. not that hard. speaker pelosi: i will leave you with a thought. this country is the greatest country that ever was. it can withstand anything. ♪ david: sala burton was a good friend of yours. and when she was on her deathbed, she asked you to run for congress. have you ever thought of running for congress and what did your children say when you said you were going to run for congress, and your husband? speaker pelosi: here is the thing. i had no interest. in our family in baltimore, maryland, my father was in congress, a member from baltimore. when i was in the first grade, he became the mayor of baltimore. when i was at trinity college, he was still the mayor of baltimore. it was the only life that we knew. we were born into a family that devoutly catholic, fiercely patriotic americans. proud of our italian-american heritage. staunchly democratic. and that connection between our faith and how we exercise our belief in the gospel of matthew, when i was hungry

david: david: david: that is the drama in d.c. -- david: that is the drama in d.c. let's go back to financials. we will hear from goldman sachs today, as well as citi. jp morgan surprised to the upside, and took a lot of stocks up, with the exception of wells fargo. what does this tell us about citi or goldman sachs? peggy: it looks like traders in general on friday were bullish about jp morgan. we will see if the numbers hold up. if there's any new information, mergers anditi, the acquisitions data is something investors have in clear focus. if the banks come on strong and add onto jp morgan, i think you will see the market take a turn upward. lisa: what i thought was interesting is you see how much the consumer has powered the earnings, certainly with jp morgan surpassing wells fargo in that capacity. a really fascinating development. with goldman sachs, how important is it that their online lending and consumer business really does beat expectations? luke: i think it is important, but goldman has sometimes taken the emphasis out of that. i think it will all be a