mid-air collision of twori tou planes in alaska as the death toll rises to six >>> a diplomatic tit for tat betweethe u.s. and iran as president trump dials back talk ofn imminent military engagement >>> then, to the two million kids of kids whose parents ar serving in the military. >>> jfk gets aveetro makeo with a hotel to watch. "early today" starts right now good morning i'm phillip mena. >> and i'm frances rivera. breaking news. abama lawmakers have approved the nation'sost restrictive abortion bill. now the state's governor has six days to decide whether or not to sign the near total ban thatres a challenge to roe v. wade >> my goal with this bill, and i think all of our goal is to have rov. wade turned over and that decision ability be able to sent back to the states >> we're aeeeady sg plenty of backlash to the vote. alabama's democratic senator doug jones calls the action unconstitutional and shameful. many 2020 presidential candidates have also weighed in. kamalaarris calls the news outrageous and bernie sanders is urging the governor to veto the bill here with the details is nbc'

an escalating tit for tat that potential toe the slip into conflict. spain a arrests thehe longtime f of the military group that had been on the run for 17 years. also c coming up in business, donald trump launches a two-pronged attack on chinese as theant, huawei, u.s.-china trade war heats up. tech summity visa kicks off today in paris. eventoverage on the big on diverersity a and inclusivit. this is live from paris. ♪ >> progress made in sudan over moving the country toward civilian rule was cut short wednesday. the current army rulers suspend the talks for three days demanding protesters first stop inre said in -- their sit outside of the military headquarters. they pushed omar al-bashir to resign last month. earlier this week, they made a deal with the opposition to a three-year transition toward civilian rule, a deal that now looks to be on hold. >> protesters are unambiguous about one thing -- they intend to stay in the streets until they get civilian rule. everywhereu hear means "we will stay." that means staying for another three years in th

analysts have revised upwards their forecast for dollar r & b on the back of tit for tat tariffs. you can see it's been fairly stable in the run-up into the last couple of weeks, and then all of a sudden last week or so we've had this big move. we've moved about 1% in the last couple of trading sessions this chart has really captured what has happened to dollar r & b in the last couple of sessions as we were just discussing with our strategist, also there will be a correlation between what happens to this currency and risk-on assets you may want to keep an eye on that one let's move on, though, and talk about some of the safe haven assets the u.s. treasuries, you can see today we are trading on a bit of ae bounce. it's trading slightly in the green at 220 there, but we also had a big bounce into treasuries yesterday. the five-year note, all of them are trading softer overnight, but the ten-year note is back at 240. it's not that long ago that we're talking about 3, 3%, 3.25% and the impact it would have on u.s. equities. what a difference a couple of months makes it tons to be ver

g fidence through style. m work ♪ategins with natur tat every c i tat mine. wre so you ♪an a a better but do10 clear ski t the inoffering people touch sh p with merriasis with taltz, up to 90% a aof people quickly saw a significant improvement of their psoriasis plaques. tell your ioctor if you havein taltz may increase risk to, or received a vaen ocr. your ioctor if you havein taltz may increase risk ready for a chance ask y. ti at colleges and universities. how to accommodate nttudents who are also pare soheon he young , what her than to bring long. your child with you? melissa cheney enableo stn >> reporte and she's doing just that. for the past eight years, professor cheney has allowed student parents, both moms and dads, to in brbreast-feeding babies to class and older children when needed. >> any worries that rents will abuse this opportunity? >> no student parent wants to bring their child to class. tuation that shoeone childailable to th. r:omeone like ph.d. holly hornyear-old >> am firstti college gy daughter to class but thathose exp al in termsfher to hig ucation at various

we have seen tit-for-tat retaliations on tariffs. i don't think it is a surprise given the fact that the relations have soured in the last several weeks. we seem to be moving further away from a deal with each other. wto.: alix mentioned the is there anything they can do that would be constructive? china, not regard to very much right now. obviously there's a serious possibility that both the u.s. and china will have found to technically have violated their tariff commitments to each other in a wto dispute, but really when you think about it, what do? is that going to the only real remedy you have in the wto is that a country can be authorized to retaliate against you. well, they are already retaliating against each other, so there is no wto jail you can put a country in. it depends on countries being willing to observe their obligations, and in the final analysis, the only real remedy in the wto is authorized retaliation. the two countries are already in a tit-for-tat retaliation mode anyway. david: when it comes to china, and for t

wider than just the 2 countries except you will risk all of this a trade dispute but do these did for tat kind of tad's mean that we're heading towards the trade will only think of a trade what we think of is that tit for tat we're going back and forth and then other players really have to chime in because they stand to lose as well so if the flow of goods are directed elsewhere into the e.u. for example then maybe countries are putting up their own trade barriers to protect their own industries they say you know all these exports which were heading to the u.s. are now redirected we have to protect our own industries and so you see sort of all these trade barriers start to rise and that's the big fear in the trade war and obviously going back and forth not really being able to work out a deal raises the possibility that it can just be taken too far and even if there is a deal believed to be at the heart of this somewhere then it becomes more of an issue of saving face and that both sides can't really do that and then instead they're just going to for tougher ever so where do you see this

states china's economy is slowing and they really wants to see a solution to the end of these tit for tat tariffs which are really disaster abating the problem and so they may not want to risk that relationship they may not want to risk a deal going forward both sides have said that they could be at the harm stretch and so china really has seen that as their priority so far they haven't given any wood us what they will do which seems to suggest that the trade with iranian oil could be used as some sort of bargaining chip in these negotiations now this new round of talks which began this week we had some top washington negotiators here in beijing and next week you know which is the top diplomat with beijing will be heading to washington to continue those round of talks and after that we expect to have a much clearer idea as to how china will proceed going forward to turn the protesters are back out in big numbers on the streets of sudan's cities and towns demanding civilian rule protest leaders say the military is not serious about handing over power off the generals us a long time preside

military assets to the region and all the sudden we're in this tit for tat moment of escalation between the iranians and the americans and yet when u.s. officials such as mike pompei i have tried to make the case of credible evidence to european officials. it's been met with increasing skepticism exactly rick no act europeans definitely pushing back on this point even a british general saying yesterday he doesn't buy the evidence he's he's seeing and that is quite remarkable as as you know britain is part of the 5 eyes alliance partnership and and clearly a dispute over evidence the u.s. claims could potentially justify military strikes and potentially a war with iran and the u.s. and the u.k. official denying that that is quite striking and i think that is not going to help the u.s. make its point here in europe especially but also in other countries meanwhile shown archaea iran is saying that it will no longer comply with the limits on production of an in rich to radio that were part of that nuclear agreement that the u.s. and the 5 permanent members of the security council together w

year better off, but the federation of small businesses has accused politicians of competing tit—for—tat over wage increases. the united nations says the houthi rebel group in yemen is planning to withdraw its forces from three key ports over the coming days, in the first major step since a ceasefire was agreed in december. the un general overseeing the deal said the rebels intended to redeploy their forces over four days. the yemeni information minister has dismissed the houthi offer as misleading. president trump says us—china relations remain "very strong" despite washington escalating the trade war between the two countries. the united states has begun the process of extending tariffs to almost all chinese goods after more than doubling them on many other products yesterday. beijing described the negotiations as "honest" and "constructive" and confirmed that further talks would take place. last night's episode of the tv panel show, have i got news for you, was pulled by the bbc after it was decided that it risked falling foul of 0fcom's pre—european election rules. the pre—reco

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blacklist of foreign individuals and companies to ban from supplying chinese firms a caught in this tit for tat are normal businesses here's a look at the difficult decisions they're being forced to make. pink for the girls and cars for the boys the family run furniture retailer delta children has its business model down pat but its supply chain that soap in the air the company's products are imported from china and now subject to new u.s. tariffs wires retailers companies like myself don't know what to do we place orders or do we not place orders if we place orders in china. 25 percent do the rate. it's gets very expensive if we move the production and the duty rate cut come comes off what happens to the existence of horrors that we took so we were in the dilemma we don't know we are uncertain is the worst thing you could do for business and they aren't alone businesses around the world are suffering as a result of the trade war with global growth projections adjusted downwards in the us new terrace of forcing firms to choose among several bad options easing higher costs raising prices or over

and tit for tat between washington and beijing called the cracks in the u.s. lobster industry. this is d.w. business i'm joined in in berlin thank you very much for joining us the hoover i.p.o. has arrived and it's one of the largest public offerings in history but its market debut has been anything but a smooth ride over shares traded more than 7 percent on its 1st day of trading after pricing at $45.00 a share for the i.p.o. which gave it a market value of some $82000000000.00 hoover veered off course it eventually rolled to a stop at $41.57 on the investors' concerns over profitability. let's bring in our wall street correspondent dan scored that yan's after all that hype what went wrong. yeah and it is pretty unusual that such a high stock would actually start falling on the 1st day of trading and specially after the stock went into trading at the no end of their price range so we were kind of was conservative to begin with well probably investors are seeing this as a long term bet for now in the past 12 months lost about $3700000000.00 and maybe wall street wants to see th

to tough tit for tat escalation and that could that could have a. more profound a negative impact in a direction where we of course are concerned about is. said we need to go to w t o rules and we of course concerned about most of them happening at the same time that will spell trouble and you say the outlook for the e.u. then is cautiously optimistic but with uncertainty i think that's exactly right yes and that was paul thompson speaking to us from unit he's european director of the i.m.f. folks wagon says it will go into battery cell production with a partner firm in northern germany the auto giant supervisory board approved close to a 1000000000 euros for the venture on monday help with the funding could come from the public listing a b w truck division traits on which combines brands man and scalia and is scheduled to take place before summer v.w. could pocket about 6000000000 euros from the sale of up to one quarter of trade on . united arab emirates has launched an investigation into attacks on oil tankers near its waters saudi arabia says th

they say tit for tat tariffs are always a deadlock. been jitteryhave about this since the start of the week. inthere is a saying, sell may and go away. donald trump's tweet about hikes accelerated that. european shares have extended losses tuesday. markets are calmer after monday''s selloff. chinese shares turned positive, recovering from heavy losses they suffered yesterday. genie: coming back to paris, a look at furniture shopping. it is a headache to get out of the city if you do not have a car. the first store in paris. >> we can look at other business headlines we have for you. the u.s. government has started returning asset seizures linked to state funds. athorities are investigating corruption and money laundering case. profits fell 74% in the first three months of the year as they set aside 1.4 billion euros for an expected antitrust penalty. millionfell to 588 euros from 2.3 billion euros in the same quarter. eu'ss contesting the allegations it colluded with four other carmakers to delay the introduction of clean emissions tec

of foreign individuals and companies to ban from supplying chinese firms and caught in this tit for tat are normal businesses here's a look at the difficult decisions they're being forced to make. pink for the girls . and cars for the boys the family run furniture retailer delta children has its business model down pat but it's supply chain that's up in the air the company's products are imported from china and now subject to new u.s. tariffs wires retailers companies like myself don't know what to do we place orders or do we not place orders if we place orders in china. 25 percent do the rate. it's gets very expensive if we move the production and the duty wake up come comes off what happens to the existence of horrors that we do so we're in the dilemma we don't know we are uncertain is the worst thing you could do for business and they aren't alone businesses around the world are suffering as a result of the trade war with global growth projections adjusted downwards in the u.s. new terrace of forcing firms to choose among several bad options eating higher costs raising prices or over

and tit for tat between washington and beijing called this practice in the u.s. lobster industry. this is the u.w. business i'm joined in in berlin thank you very much for joining us the hoover i.p.o. has arrived and it's one of the largest public offerings in history but its market debut has been anything but a smooth ride over shares traded more than 7 percent on its 1st day of trading after pricing at $45.00 a share for the i.p.o. which gave it a market value of some $82000000000.00 hoover veered off course it eventually rolled to a stop at $41.57 of me investors concerns over profitability. let's bring in our wall street correspondent dan scored that yes after all that hype what went wrong. yeah and it is pretty unusual that such a hype stock would actually start falling on the 1st day of trading and specially after the stock went into trading at the no end of their price range so we were kind of was conservative to begin with well probably investors are seeing this as a long term bet for now in the past 12 months lost about $3700000000.00 and maybe a wall street wants to see

it's an ominous situation with two superpowers going tit—for—tat with each other. the chinese retaliations if they do so, they have to think about the international and domestic implications. if they go out for apple, they have a lot of apple's supply chain in their country so they would hurt their own country and jobs if they took that avenue, it's difficult for both countries. china's signalled that it could use its dominance in rare earth minerals in the ongoing trade con the i was just talking about between beijing and washington —— conflict. let's go to our asia business hub where rico hizon is following the story. ican i can see you, rico. rare-earth metals, to give you a bit of background, they are a group of 17 metals with a series of applications. they are used in magnets, screens, they are the one raw material where china dominates global supply. although rare earth imports area global supply. although rare earth imports are a relatively small part of the $420 billion goods deficit with china, they are worth —— rico worth far outstrips their value

took a beating today as washington and beijing raised the stakes entering a new face off tit for tat terrorists u.s. president denied that he was consumers would pay for higher tariffs on chinese imports and he wants china not to follow suit but beijing said it would not swallow any bitter fruit that harmed its interests. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of us imports. raising tariffs will not solve any problems but china will never surrender to external pressure we have the determination and the ability to safeguard our legitimate rights and interests. more than $5000.00 u.s. products including american airplane parts and liquefied natural gas are among exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people tha

read to us before the 1st of june again 1st of june will not be impacted so clearly it's a tit for tat grace period both the countries would want a deal to be reached because they know that a trade war is not good for anybody. and they're reporting from frankfurt thank you so much. meanwhile the escalating trade war between the u.s. and china could benefit the european car industry as washington needs to focus on its negotiations with beijing european trade commissioner cecilia mom stream expects washington to delay an 18th deadline for u.s. tariffs on cars imported from the e.u. but she also says that europe is prepared should those tariffs be imposed the e.u. has a list of u.s. products worth 20000000000 euros and which retaliatory track terrorists could be never meet the united arab emirates has launched an investigation after 2 saudi oil tankers were attacked off the country's coast the incident took place just outside the strait of hormuz a key passageway that is used to transport oil from the middle east to asia europe and the united states the assault comes at a time of tension

and tit for tat between washington and beijing called this practice in the u.s. lobster industry. this is the w. business i'm joined in in berlin thank you very much for joining us the hoover i.p.o. has arrived and it's one of the largest public offerings in history but its market debut has been anything but a smooth ride over shares skidded more than 7 percent on its 1st day of trading after pricing at $45.00 a share for the i.p.o. which gave it a market value of some $82000000000.00 hoover veered off course it eventually rolled to a stop at $41.57 of it investors concerns over profitability. let's bring in our wall street correspondent dan scored that yes after all that hype what went wrong. yeah and it is pretty unusual that such a high stock would actually start falling on the 1st day of trading and specially after the stock went into trading at the no end of their price range so we were kind of was conservative to begin with well probably investors seeing this as a long term bet for now in the past 12 months lost about $3700000000.00 and maybe a wall street wants to see that

do tatting now expects to seal his own domestic political power through these elections for a new senate isn't local officials whatever the opposition most believe it's already a done deal. now through a series of passing killings risk release in germany are investigating authorities in northern germany say they found the bodies of 2 more people killed by arrows and from across the bow that discovery comes as police probe the deaths of 3 other people killed the same way their bodies the found over the weekend in the south of the country. a peaceful area turned into the scene of a shocking crime one man and 2 women found in a hotel room with arrows stuck in their bodies the corpses were found of a variant town of paso near the austrian border police later discovered 2 more bodies more than 600 kilometers apart in the northern state of lower saxony officials said that they had found the 2 corpses while they were searching the home of one of the past how victims. investigations are ongoing colleagues of the criminal police in gifts on checking the flat and they are exchanging information wi

us took a beating today as washington and beijing raised the stakes entering a new face off tit for tat terrorists u.s. president denied that u.s. consumers would pay for higher tariffs on chinese imports and he wants china not to follow suit but beijing says it would not swallow any bitter fruit that harmed its interests. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not solve any problems but china will never surrender to external pressure we have the determination and the ability to safeguard our legitimate rights and interests. more than $5000.00 u.s. products including american airplane parts and liquefied natural gas are among exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people tha

leveraged in an ongoing trade warand in used in leveraged in an ongoing trade war and in more tit—for—tat action, us commerce department said the chinese made mattresses and stainless steel beer kegs were being dumped in the us market and less thanfair dumped in the us market and less than fair value and it will impose preliminary anti—dumping duties. it will definitely get worse before it gets better. now let's brief you on some other business stories. uk car production collapsed last month — in the biggest fall since the global financial crisis a decade ago. according to the society of motor manufacturers and traders production slumped 4a.5% in april — compared with the same time last year as uk carfactories braced for a possible ‘no—deal‘ exit from the european union on march 29th. scientists in france and spain say people who eat lots of ultra—processed food have worse health and are more likely to have an early death. a pair of studies in the british medicaljournal add to mounting concerns about heavily processed food. however, the findings are not clear cut as our heal

which of course are happening over the weekend and catherine if this does come to sort of a tit for tat trade war how bad could this get on both sides. well in terms of what the chinese are likely to do to protect sentiment is like other central banks be very accommodative still so we could see a cot in the reserve requirement ratio the triple all so that's monetary wise fiscally we could see an increase in fixed asset investment spending which is likely to support sect such as infrastructure. and conrad i want to go back to you how can businesses protect themselves from these tariffs you said they might have to price them in this time what else can they do. basically there's not much much you can do stephen listening to what catherine just said everyone is sort of focused on the short term perspective right now what can you do in an environment like this where you don't know what happens next of course in the mid-term and the long term what businesses can do is sort of you know look at your supply chains try to shift production to locations where you know you are less exposed to such a

because china has a weak hand in the traditional tit for tat way when it comes to raising tariffs probably won't be a great option for example with all the farm products u.s. soybeans are the most competitive on the global market plays of course trying to say that it wants to buy it from other countries for example like brazil but brazil doesn't have enough good quality soybeans to make up the shortfall for the u.s. so it's really limited revenue for china so that probably reasonable when in chinese policy is to really think of what kind of retaliation they want to do because it can only goes that far before it backfires and i guess the juicy american steak just sounds so much better than a chinese steak doesn't it. well yeah well a lot of. chinese people they really like u.s. products just as we measure in the soybeans and us steak for sure so where does this dispute between the u.s. and china leave taiwan which is where you are i mean europe for example is stuck between a broken hot place because of its relations with both countries. well ban the trade war really leaves taiwan in a very

its partial withdrawal from the landmark twenty fifteen nuclear deal president haasan rouhani says tat run will stop acting on some of its commitments and sets a sixty day deadline for new terms to be a great move comes amid mounting tensions with the united states also on the program the christian woman at the center of i passed from iraq in pakistan begins a new life in safety last year p.b.s. reporter think arrived in canada russia will be united with us to.

and fit for tat fitri in washington and beijing. because this cracks in the u.s. lobster industry. this is d.w. business i'm to nelda on in berlin thank you very much for joining us the hoover i.p.o. has arrived and it's one of the largest public offerings in history but its market day view has been anything but a smooth ride over shares traded more than seven percent on its first day of trading after pricing at forty five dollars a share for the i.p.o. which gave it a market value of some eighty two billion dollars hoover veered off course it eventually rolled to a stop at forty one dollars and fifty seven cents on the investors' concerns over profitability. let's bring in our wall street correspondent dan scored that yes after all that hype what went wrong. yeah and it is pretty unusual that such a high stock would actually stop falling on the first day of trading and specially after the stock went into trading at the know and all of their price range so we were kind of was conservative to begin with well probably investors are seeing this as a long term bet for now in the past t

read to us before the 1st of june again 1st of june will not be impacted so clearly it's a tit for tat grace period both the countries would want a deal to be reached because they know that a trade war is not good for anybody. and they're reporting from frankfurt thank you so much. meanwhile the escalating trade war between the u.s. and china could benefit the european car industry as washington needs to focus on its the kosi asians with beijing european trade commissioner cecilia months trim expects washington to delay a deadline for u.s. tariffs on imported from the e.u. but she also says that europe is prepared should be imposed the e.u. has a list of u.s. products worth 20000000000 euros which retaliatory track terrorists could be never meet the united arab emirates has launched an investigation after 2 saudi oil tankers were attacked off the country's coast the incident took place just outside the strait of hormuz a key passageway that is used to transport oil from the middle east to asia europe and the united states the assault comes at a time of tension in the region with saudi

read to us before the 1st of june again 1st of june will not be impacted so clearly it's a tit for tat period both the countries would want a deal to be reached because they know that a trade war is not good for anybody. and they're reporting from frankfurt thank you so much. meanwhile the escalating trade war between the u.s. and china could benefit the european car industry as washington needs to focus on its the go see asians with beijing european trade commissioner cecilia mom stream expects washington to delay on a deadline for u.s. tariffs on imported from the e.u. but she also says that europe is prepared should be imposed the e.u. has a list of u.s. products worth 20000000000 euros of which retaliatory travel terrorists could be never eat. the united arab emirates has launched an investigation after 2 saudi oil tankers were attacked off the country's coast the incident took place just outside the strait of hormuz a key passageway that is used to transport oil from the middle east to asia europe and the united states the assault comes at a time of tension in the region with saud

the two things the president wants to go afterment as the president delays one tariff, the tit for tat with china is hurting american farmers. >> we're in a free fall in agriculture. we have seen 30% decrease in prices of soy beans. the geopolitical turmoil that the president has thrown into the mix over the last year, the markets don't have anywhere to go. >> our fourth generation farm going to still be feasible, you know, two years from now, five years from now, if the president doesn't wrap up these trade wars with a win and so there's all of these pressures weighing in on us. >> these guys have taken second jobs and they are on track to have the worst conditions for their farms since the 1980s. >> on the same day he delayed the auto tariffs, president trump signed an executive order banning countries from using -- more from cnn's alex marquardt. >> reporter: good morning, christine and dave. this executive order had been expected but what's interesting here is it doesn't specifically mention china or huawei while clearly being aimed at both of them. the u.s. government, white house

a political tit for tat in turkey the main opposition party the c.h.p. once past election results favoring the ruling party to be overturned that includes local as well as national results from two thousand and eighteen the opposition are hitting back after electoral authorities scrapped ystem balls recently your election now that contest was won by the c.h.p. it was a humiliating defeat for president everyone's a k party authorities ruled that the election has to be rerun due to a technicality the opposition says the same technicality disqualifying other past election results. were istanbul's ousted mayor of new as valid to win the rerun of the mayoral election not speaking to d.w. he called the raise a wider struggle for democracy in turkey. the elected mayor of istanbul i am a winner already. as mayor i represent the will of sixteen million people and i cannot give up this responsibility because seven members of the election authority made a wrong decision because of that yes there will be and we will find but if the votes count. proves that we've los

. >> i am hopeful tat his presence here will bring more warmth and diversity and valuing of all of n us as just as people. ut >> god bless you. m glad you opened the door. amen. >> reporter: at saint matthew's cathedral. >> he is the seventh archp of washington. he previouslyho served as the ah bishop of atlanta. >>> crewing are working to fi the broken water mainn alexandria. traffic is being detoured around the area. no word on when it will be fixed. >>> let's get to the other water problem that we are having. >> that's exactly right. that most of the area is severe ng with, the weather onceagn.>> yes. >> so wts dy roundor out erwectg major severe weather to move in much later tonight probably around sunset. let's g this livepicture. we had a good liveture ier, but. you n i the you can still see thatdown. etng thishat contrastetwtorm an ere in the you can see as itdarkens, we so outsideri n seeoweow. we heantohe ning this is all the action on the board in our area. right now it's south of the -- just so he district.e had a -- . that has expired early. tra inue ond ajectory a tonnue

. >> they are trying to do it in a way that says tit for tat. >> it speaks to how deep the gulf is becoming between the countries. >> it's impossible to trade and invest on the back of what trump says. >> data from china shows economy losing steam. conflict the rep in the middle east. >> tensions are rising in the region. add detailsreports to the global picture. >> a very good set of results. >> the company was at rock-bottom. risks ofors assess the rising uncertainty. >> it's getting difficult to find good yields in these markets. >> markets can't tell whether we are near a solution or whether there's an impasse. >> the u.s. and europe have trade issues to iron out. something quick, easy, mutually beneficial. >> it's all straight ahead on bloomberg best. ♪ abigail: this is your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with the daybreak a look at the top headlines. markets raonic is the week began with investors wondering how china would retaliate to the u.s. escalation of tariffs the previous frid

won't meet his chinese counterpart until the end of june and they've both just hiked a whole lot of tats. big juicy american steaks sizzling on the grill in shanghai it seems that regardless of donald trump's beef with the chinese over trade chinese consumers have no beef with american meat. but exhibitors peddling american foods at asia's biggest food fair say that what trump calls a squabble has been disastrous for business and. our business has him being that impacted by the trade war by almost 30 percent. and the but as a company we are impacted but we have options to go to 100 other countries but they are the biggest impact is going to is the consumer in china or the consumer in the u.s. they're both more impacted because of higher prices some u.s. exporters have decided that they can absorb some of the cost of the trade war in the short term in order to keep their markets but it's not a situation they'd like to see continue for long that is you know it's a good job that it's an all good value above us sometimes out if we spawn some of the increased cost and so have had dealers and

, then trump was like, "let's trade all of our tat for tit. and you go - [ laughter ] what but this is very interesting right now, trump isn't referring to the situation as a tradwar, listen to what he's calling it instead. >> we're having a little squabble with china. [ laughter ] >> jimmy: "i love squabble when i play squabble i spell all the best words." [ laughter and alause but i read that china already t raisediffs on wine, hair gel, swimsuits, and condoms. [ light laughter ] that might not affect you, but it's going to cripple the bachelor mansion [ laughter ] [ applause ] and get this, i saw the ceof bed bath & beyond is stepping down [ aduience awws he was supposed to leave bed bath & beyond last month, but he kept seeing things he needed laughter ] some entertainment news,hu "detective pikis now in theaters, and on the show last night, lou dobbs decided to vi mention the mo but he had a little trouble with the name pikachu. watch this >> an update from the entertainment rld. we like to be very hip and pop culturish. the new warner br

washington, president trump walked out of the meeting with members of congress, saying he can't work with tats democrats if they keep investigating him. the president said there would be no deal. >> i would be good at that. that's what i to. you know what you can't do it under these circumstances. >> the plow up comes as the constitution balance of power faces daily tests over whether the house may part impeachment. >> it can't be the case that the execute identify branch decides who'll appear. >> president trump was trying to create a distraction because he can't delivers on the infrastructure deal they discussed before. >>> we are glad she as live to tell us what happened. >> a attack on a 74-year-old woman who was out for her morning walk. what we've learned about the attack and the man accused of kidnapping and rapping her. >> a packed house at a school board meeting during a teachers strike. >> we have the forecast for tomorrow. were looking at warmer temperatures. may be the warm day of the week. ♪ flintstones! meet the flintstones. ♪ ♪ they're the modern stone age family. ♪ ♪

and both sides locked in for a tit for tat battle. until a truce. well, kind of. both men agreed to put the trade war on hold, while the two sides sorted out their stick issues. one, the united states wa nts their stick issues. one, the united states wants china to buy more of its staff. two, it wants american companies to have more access to the chinese market. and, three, it wants american intellectual property to be protected, which means no more tech tra nsfers, protected, which means no more tech transfers, no more forced joint ventures. and washington wants to be the solejudge of ventures. and washington wants to be the sole judge of whether beijing is keeping the promises it makes in a trade deal. in the last few months, trade deal. in the last few months, trade officials have been trying to reach an agreement both their leaders can live with. but even if they thrash out some sort of a deal, resolving the trade deal won't be the end of the us china rivalry. the strategic battle between these two countries is here to stay. well, i am joint by a former senior

now political tit for tat in turkey the main opposition party there the c.h.p. once past election results favoring the ruling party overturned that includes local as well as national results from twenty eighteen opposition are hitting back after the electoral authorities scrapped istanbul's recent may oral election contest was won by the c.h.p. in a humiliating defeat for the ones a k p authorities ruled the election must be run though due to a technicality your position says the same technicality disqualifies other past results. istanbul's ousted mayor. who has vowed to win the real run of the mayoral election speaking he called the race a wider struggle for democracy in turkey. the elected mayor of istanbul i am a widow already. as mayor i represent the will of sixteen million people and i cannot give up this responsibility because seven members of the election authority made a wrong decision because. yes there will be a rerun and we will find but if the votes count proves that we've lost the election then we need to accept that it's. this is not only about it

of economic terrorism as the tit for tat escalates the trade war drags on, what's the biggest fear for investors right now? missing out on a rally or in the getting out ahead of a sell-off? we'll debate that and facebook kicking off its shareholder meeting at this hour protests, angry investors and a new threat from a presidential candidate. "power lunch" starts right now >> all righty. welcome, everybody, to "power lunch. i'm tyler mathisen markets slightly higher right now. not much of a rebound from the recent selling but the dow is still, i should point out, headed for the sixth straight week of losses and that has not happened, kelly, in a year. >> tyler, thanks markets are shrugging off the tough trade rhetoric from china so far today, bolstered in part by a vote in part from feds vice chair rich clairda seema mody with big movers and kayla tausche is following the latest on those trade tensions seema? >> reporter: hi, kelly fed chair downplaying concerns over tin verted yield curve and a rate cut could be under discussion if the economic outlook worsens. no real mention of trade

>> reporter: it's a more humane solution tat works on males and females. the city of st. louis said it was so successful it's currently expanding its use. >> in terms of testing in an w urban cie environment you have not done that before. >> we have not. >> reporter: the company has had small smaller successes at an animal facility cryaiming delive of the product, quote, to a substantial number of rats which successfully reduced the infestation and that they saw a reduction in rat activity in as le as one month. the i-team concted the new york city health department which also tested a multi family housing department. no decrease in rat activity was detected over time. >> definitely proven thatolorks challenging. >reporter: she says the successful study mentioned on the company's website was in no way affiliated wite health department and that the health department never asked for help deploying the product which could have affected its outcom. st people, their definition of success is a wheelbarrow full of dead rats. >> reporter: she says you can never count the total nu

we even saw tat this morning at around 11:00 today. we were trying to cross the bridge. a lot more traffic this year year.last that probably has something to do with the foreca. the forecast is really looking absolutely fantastic here as you make oureay through thext couple of days. just take a look down there towards the ocean. we've got this wind, this nice little wind coming off from the west and that just kills all the waves and just makes the look so nice right no it's a gorgeous afternoon with plenty ofw. sunshine. let's show you what's happening over the next couple of days. if you are coming down, a good thing to have a sweatshirt. you need a sweatshirt. 70 degrees tomorrow with sunshine, but tomorrow evening is going to be a little bit on the cool side. have a sweatshirt for saturday night if you're hitting the board walk. sunday a high temperature of 84. that is a good day to hite beach. monday a high temperature of 77. a really nice weekend coming up over the next couple of days here. probably the best is memorimemo eekend we have had in a lo time. only about

, then trump was like, "let's trade all of our tat for tit. and you go - [ laughter ] what but this is very interesting right now, trump isn't referring to the situation as a trade war, listen to what he's calling it instead. >> we're having a little squabble with china. [ laughter ] >> jimmy: "i love squabble when i play squabble i spell all the best words." [ laughter and applause but i read that china already raised tariffs on wine, hair gel, swimsuits, and condoms. [ light laughter ] that might not affect you, but it's going to cripple the bachelor mansion [ laughter ] [ applause ] and get this, i saw the ceo of bed bath & beyond is stepping down [ aduience awws he was supposed to leave bed bath & beyond last month, but he kept seeing things he needed [ laughter ] some entertainment news, "detective pikachu" is now in theaters, and on the show last night, lou dobbs decided to mention the movie, but he had a little trouble with the name pikachu. watch this >> an update from the entertainment world. we like to be very hip and pop culturish.

>> you know, this is a tit for tat game that can china can't win, david. and i wouldn't be surprised if next week -- we'll see. it's very difficult to predict what president xi and the beijing government are do. and, by the way, again, i've talked to our going negotiators. they say the chinese don't keep their word. one day they say they'll do one thing, and the next day they say they'll do the next. it is true, the big story is this will hurt u.s. consumers and, certainly, a tariff on imported goods could mean higher prices at wal-mart and so on. but it's interesting, i was looking at the data from what happened -- remember, we had the 10% tariff on china. and it looks like the chinese producers swallowed the cost of that tariff themselves rather than raise prices here in the united states. we'll see how this tariff is -- david: well, you know, one of the things that these poobahs in, at the salt conferences, at the imf and everything that were so appalled at president trump's hardball and, of course, they've been playing softball with the chinese for dec

the city slapp him with 16 counts tat prosecutors dropped. t.thout him admitting gu back to the documents. they tail that prosecutors told investigators h case could have settled with smollett pang the city and doing community service. detectives closed the case but never warned superiors a deal had been reached. smollett's attorney announce charges had been dropped. the city of chicago still going after the actor for $130,000 in over time expenses. that were paid to investigate his false claims as they say. thank you. staying in chicago. r kelly has been hit with nearly a dozen new sex related charges involving a te sager. ourister station in chicago he reports most recent serious charge is sexual assault. the victim was younger than 16 at the time. the singer already facing charges in cases involving four women. three minors. kelly pleaded not guilty and hai maintainednnocence. he's out on $1 million bond. >> we have new details tonight about the mysterious triple murder in virginia. detectives say a can i recakilld two adults and a teenage

tariffs areally, often used not as a tit-for-tat or a trade tactic. to protect a homegrown industry. in the case has some of these technologies, are there places to turn? are there u.s. companies and others will be the beneficiary? >> if i look at -- sales globally. about 70% of that is in china alone. they expected to grow roughly about 20% next year. you have the remaining 30% that is in the u.s. and europe. when i spoke to my colleague who covers high provision, the u.s. is roughly about 5% of total sales. the big opportunity is going to and then european non-china regions. from a u.s. company perspective, there is one company that provides that technology. there is a company called motorola solutions. they acquired a company called for jolon. they are -- there is potential for them to see market share grow. there are other companies as well that fight -- that might find opportunities. >> great to have you with us. to the fed. members of the central bank or commenting on trade. the president of the fed bank of st. louis told bloomberg that the trad