you sound like me, david. one thing i say to people, we are closer to the satellites in the sky, why shouldn't they work? we are not traveling 500 miles an hour as we send it home on our wi-fi via broadband access. david: there was a proposal to let people talk on their cell phones on the airplanes, but that was voted down i think by the fcc. ed: that was voted down by me. i will never allow it on delta. whether they are allow it or not, we will never allow it on delta. [applause] david: we haven't built a new airport in this country of any size since i think 23 years, denver. laguardia is being redone and so forth, but why is the airline industry, are you responsible for building airports are not? ed: we were building regional airports ourselves. we got tired of waiting for the government. partnerships are out there trying to drive that goat. we have massively improved the onboard experience on the next thing is the airport themselves. airports in our country were built for the 1960's. we are building airport

david: you drive yourself? aliko: yes, i do. david: do people stare at you? "there is the wealthiest man in africa driving himself"? aliko: they do sometimes. david: when you go to a restaurant by yourself, do they come up for selfies or do they ask you for money? aliko: they don't really ask me for money. even here, any time when i go to places to either eat, you know, i get a lot of requests for selfies. it is normal. david: you have some outside interests. one of them i think you are interested in, what we call in the united states, is soccer. what other people call football. the arsenal team. is that a team you would like to buy someday? aliko: it is a team that, yes, i would like to buy someday. but also i keep saying today, we have $20 billion worth of projects. i think that is really what i want to concentrate on. you know, i am trying to finish building a company. after we finished, maybe sometime in 2021 -- david: but you are not buying a team right now? aliko: i am not buying arsenal right now. i am buying arsenal -- because i am trying to take the

david? david: we have a programming note. this monday at 10:00 eastern time we will have live coverage of the iowa caucus live from des moines iowa. i will be there with our full bloomberg team. this is "balance of power on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. i am david westin. by this time tomorrow the trump impeachment trial could be in the history books, or maybe not. that depends on whether the senate accepts or rejects the report -- the request for witnesses to be called. joining us is the host of bloomberg law, airing weeknights on bloomberg radio and saturday. welcome. chief justice roberts had a dramatic role in the trial. has: up until this point he been the referee rather than a judge. he intervened when he thought things were getting too heated with rhetoric, but yesterday he was presented with a question from senator rand paul of kentucky that would have required him to say the name of the whistleblower out loud, and he refused or declined to do

david: whaabout korea? my sense is that i've seen this movie before, because we've done thie starting in 1994 in clinto, where we changed the policy of resolve and determination to one of conciliation and tried to buy north korea off with aid and assistance and were never able to get them to give up their nuclear program. i don't see them giving it up. i really don't. and i hope we don't go over there and just take their promise that they're gonna give it up. david: what out china? that is the biggest geopolitical, in my view, allenge facing american policymakersoday is how we react, how we react to the emergence of china as the new global superpower. she's already an economic superpower, anbut i mean as politicalse. now our relations withurope seem to be under some duress. well, i think it is very important for us to understand and recognize that america's strength is founded in large pa on its alliances. i mean, we have alliances around the world that permit us to verage our strength-- our economic streng

david: you drive yourself? aliko: yes, i do. david: do people stare at you? "there is the wealthiest man in africa driving himself"? aliko: they do sometimes. david: when you go to a restaurant by yourself, do they come up for selfies or do they ask you for money? aliko: they don't really ask me for money. even here, any time when i go to places to either eat, you know, i get a lot of requests for selfies. it is normal. david: you have some outside interests. one of them i think you are interested in, what we call in the united states, is soccer. what other people call football. the arsenal team. is that a team you would like to buy someday? aliko: it is a team that, yes, i would like to buy someday. but also i keep saying today, we have $20 billion worth of projects. i think that is really what i want to concentrate on. you know, i am trying to finish building a company. after we finish, maybe sometime in 2021 -- david: but you are not buying a team right now? aliko: i am not buying arsenal right now. i am buying arsenal -- because i am trying to take the co

david: ok. powell: it's a year that i've considered one of the most rewarding years i've had in the army. we were just starting out in the volunteer army, and it was my opportunity notto train these young people, but to give them a ged educatn and english as a second language. david: you eventuallynt to e. powell: i was in europe as a young lieutenant for two years, then the period you're talking about is i worked for cap weinberger. david: the secretary of defense? powell: he was the secretary of defense, and i was his military assistant, his senior military assistant. and after two years, it was time for me to move on and get back in the army, and they got me an assignment in germany, where i was gonna take command of a division. i waa two-star general. and then, one day, the chief of staff, general wickham, walks in and "we've changed. i said, "what have we--sir, the family's packed. we got the house sold, got--stuff's moving. "mr. weinberger wants you to stay here for another year." i said,

david: ok. powell: it's a year th i've considered one of the most rewarding years we wer starting out in the volunteer army, and it was my opportunity not only to train these young people, but to give them a ged education lad english as a seconuage. david: you eventually went to europe. powell: i was in europe as a young lieutenant for two years, and then the period you're talking about is i worked for cap weinberger. david: the secretary of defense? powell: he was the secretary of defense, and i was his military assistant, his senior militarassistant. and we became exceptionally close, wand after two years, time for me to move on and get back in the army, d they got me an assignment in germany, where i was gonna take command of a division. i was now a two-star general. and then, one day, the chief of staff, general wickham, walks in and says, i was n"we've changed.eneral. i said, "what have we--sir, the family's packed. we got the house sold, got--stuff's moving." "mr. weinberger wants yoer to

david: you are in your early 60's. aliko: i am 62. david: that is pretty early 60's. do you intend to do this for 10 years? 20 years? 30 years? aliko: i think i will maybe work or at least be active in the next 15 years. david: suppose someone is watching this and wants to be a successful businessman in africa. what are the attributes you think you have brought to the table which make you successful? intelligence? hard work? persistence? all of those things? what are the most important attributes? aliko: the most important one, if you are going into any business, you must understand the business. you must know that business. you should not invest because somebody will say, that is good money. you have to understand the business in and out. that is the different with me. -- that is the difference with me. i know my business in and out. you can wake me anytime and asked me about fertilizer, anything we are doing. the other thing is to work hard and you have to have the tenacity to continue. you have some hiccups here or there. you have to be focused in terms of what you

. [♪] david: a flimsy charade. i'm david asman in for trish regan. both sides stake out their arguments. president trump's legal team arguing the whole thing be thrown out calling the impeachment articles rigged from the tart. a quote brazen political act from the left. >> will there be a fair trial? will the senators allow to call witnesses? that's the foundational issue on which everything else rests. >> the question of witnesses, all relevant witness necessaries must be heard. we believe a fair trial involves witnesses, evidence, documents. >> the house already had their shot at impeachment and they rushed it through. as senator john cornyn points out that's no fault of the senate's. >> if the house isn't prepared to go far with the evidence they produced in the impeachment inquiry, maybe they ought to withdraw the articles and start over again. david: maxine waters just said that. >> we'll not stop. whether that leads to another impeachment activity i don't know. but i know we must continue. david: joining me, david bossie. we keep hearing this a

david: that's true. by the way, the washington post had a piece last summer about how joe biden was trying when he was vice president, joe biden was trying to get u.s. aid, that is taxpayer money, to go into the gas industry in the ukraine. now, that could be more than bribery. that's misuse of u.s. funds going into the pocket of his son, if in fact that happened. has anybody looked into that? >> well, we've been real busy doing other stuff. david: i'm sure. >> i believe there are some folks looking into that as well because that would be misappropriations and money laundering as well. david: i think mr. dunham has been looking into that. we may hear his report soon. congressman biggs, wonderful to have you on this friday. have a wonderful weekend. thank you very much. you know trump derangement syndrome is bad when the liberal media actually praises a terrorist over president trump. listen. >> he was a military genius. >> it is difficult to convey how revered he is. >> he was revered. >> as almost somet

david: you were good at football? jack: decent. david: at the time golf was not important? jack: golf was another sport. won i started at college, i that got me on the walker cup team and i was one of the best amateurs in the country. later that year i was ranked number one. and i said, maybe i am better at this than i thought i was. then i almost won the u.s. open next year, and won it the next year. and then i said, maybe i should play against the best. it was a process. david: your father was the one who got you into golf? was he a golfer? jack: he was. he was a golfer as a kid, quit for 15 years, was a pharmacist, and then he broke his ankle playing volleyball. and then the doctor said if you do not want to end up in a wheelchair, you have to keep walking. andoved out to the suburb went to the country club. he took me out there to carry the bag. championshipe pga came out that year. i got all of that in my first year of playing golf. and it got me charged up to learn a sport. remained your coach throughout his career? jack: until he died in 1989. david: your father inje

david: i assume your-- what your handicap i- david: you're not a scratch golfer, i assume. marillyn: noay. no. no. i don't play enough for that. david: ok. today--it sounds like it must be pretty low. can you beat your husband, or is he better than you? marillyn: no. well, he's better than me, but, you know, i always remind him that there's the average for women and there's the average for men, so as long as i can keep-- david: ok, and if he has a close putt, do you just give it to him or just make him putt it out? [laughter] so today, what is the biggest challenge the s. defense industry has? marillyn: well, the challenge that we have is really thomchallenge our cus have. we have an environment where the threats today are so difficult around the world, the global security environment is so unpredictable and is changing so rapidly, so you have a need for solutions to address that and to stay ahea of tht and stay ahead of the adversaries. at the same time, we have constrained budget and the budget pressures that we've faced over the last several ars, and maybe we're having t

david: the u.s. has been focused on iran for many years, in part because of their surrogate efforts with terrorist groups in the region, also because of their nuclear program. you were in charge of this organization to stop iran. president trump tweeting out today, they will never get nuclear weapons. do we have the capability of preventing them from getting them? we do, but it is a question of whether we stop them. able toian regime is create a nuclear program. we are not trying to stop anybody just because we can. 1979,s a regime, since when the revolution occurred, they grabbed our hostages, and they have been our enemy. they have put themselves at war with us. why would we allow such a country to become a nuclear power? years of idea of sanctions adopted by congress, implement and by presidents of both parties, economic pressure on iran was to hurt them so that they would come to the table and negotiate an end to their nuclear program. unfortunately, the obama administration did that with some of

david: do you enjoy it? dara: i love it. david: the company was not a public company. you have taken it public. you received a lot of publicity about the ipo. the company has a higher market capitalization, roughly $72 billion. higher market capitalization than any company in american capitalism history except for facebook, this short a time after the ipo. why are so many people criticizing you for having a $72 billion market cap? dara: i think there are many critics for a large company. that is a fact of life. what is different about some of the technology companies of our generation that are coming public, the so-called unicorns, we have stayed private for longer. we have raised more money over a longer time. when we come public, we have bigger scale than companies that went public, the last generation of companies. my view is, we wanted to go public. we needed to make sure we are well-capitalized for the next five years, and we achieved that. now the time is to put your head down and get the real work done. david: after the company did go public, it did go down by a

david: there economy in sham bowles. shambles. >> and forth coming sanctions this is a doctors era. -- this is a differenter athey are threatening cyber attacks. to use a business term, barriers of entry to war have just been lowered. david: for all sides, do you really think one-on-one us with united states, with our techies again iran. who'll win that one. >> you look at this, i would not be surprised if iran joins forces behind scene with operatives in russia and china. david: we did talk about that last week, but i don't think they have a chance against our forces to kickback. >> u.s. military is unmatched as opposed to iran, but they are up against the wall, you said their economy is in shambles. unfortunately this is not a society or certainly not an administration in iran that deals with reason, these people are the ones that strap suicide bombs -- >> well, jonathan, i would argue with a little bit. these mullahs don't want to lose their position, there is a past, we push back in the past, ronald reagan destroyed

liberty. ♪ david: dr. drew pinski is furious about california congressman adam schiff putting impeachment above the homelessness problem in his home district. >> i think i live in schiff's district, he is asleep at the wheel, we're losing three people every day, i don't do something, 3 more people are dead in the county of los angeles. >> homelessness, 3 a day. my god, if coronavirus were kill 3 people a day, in our country, do you not think people would be an outrage and panic. david: he has a point. schiff and other members congress neglecting their constituents their duties while they focus on impeachment? >> absolutely they are it has hurt the approval ratings of some these congressman who have nod paid attend som some a-- non to what is geeing on a going on. adam schiff has been face of impeachment and the mueller russia gate. he has lead t lied to american people on any number of occasions, he can get away with it because district is overwhelming 3 democrat, at some point people need to say to democr

david: you drive yourself? aliko: yes, i do. david: do people stare at you? "there is the wealthiest man in africa driving himself"? aliko: they do sometimes. [laughs] david: when you go to a restaurant by yourself, do they come up for selfies or do they ask you for money? aliko: they don't really ask me for money. any time when i go to places to know, i get au lot of requests for selfies. it is normal. david: you have some outside interests. one of them i think you are interested in, what we call in the united states, is soccer. what other people call football. the arsenal team. is that a team you would like to buy someday? aliko: it is a team that, yes, i would like to buy someday. but also i keep saying today, we have $20 billion worth of projects. i think that is really what i want to concentrate on. you know, i trying to finish am building a company. after we finished, maybe sometime in 2021 -- david: so you are not buying a team right now? aliko: i am not by an arsenal right now. i am buying arsenal -- because i am trying to take the company to the next

david: ok. gen. kelly: someone in the room has got to say at the beginning of every conversation and at the end, is this good for america? ♪ david: so let's go forward now to chief of staff. so you are the chief of staff, sounds like a good title. everybody in the government is responsive to you. you can call any cabinet secretary and tell them what to do. is that the way it works? gen. kelly: i would not tell them what to do, i would suggest. they are cabinet members. the president puts out, as you know, whether it's tweets or his time with the press, and he does a lot of discussion with the press, he puts out his feelings on different things. more often than not, i would get calls from the cabinet people saying, i heard him say this. is that a change? should we react to it? so the president is never hesitant to pick up the phone and talk to his own cabinet members. david: ok. did you say to the president, maybe the tweets are too much to keep up with? or maybe you should not tweet as much? gen. k

david: adam? >> obviously the low interest rates are what's driving this, but also, as i think there was a mention earlier, american banks by and large with a few exceptions are in very good shape beings and that's partly because their balance sheets are much better than they were in the great recession, they will stay that way thanks to some of the reforms that happened and this is good news for the economy and for the housing market >> well, it's interesting that there are really two different housing markets. first of all there's the new home and then there's the existing home market and those are two different markets. second of all the market that jackie is talking about is what i would say mostly entry-level homes. they aren't talking about new, you know, $4 million spec homes they are talking about 2 or $300,000 homes. that market is strong. i know it's strong even here inv iro, but if you look across the country, at the high end homes call it 2 million and above high end obviously is diffe

worldwide, i am david westin. power" to " balance of where the word of politics meets the world of business. bill faries on iran and anna edgerton on what john bolton's agreement to testify at my boot -- might do to the impeachment proceedings. in tokyo adding carlos ghosn's wife to the list of people they would agree to arrest. we heard secretary mike pompeo's remarks. did we learn anything? bill: secretary pompeo came out in his longest public remarks since the weekend and said the u.s. had confidence in the intelligence he used and the justification it had to target soleimani. he continued to say it is iran's regime which has taken the aggressive steps and the u.s. continues to be prepared to respond. it follows heightened tensions today as the head of iran's national security council says the country is looking to inflict a historic nightmare on the united states. late yesterday, one of the key developments was the pentagon dispatching 2200 more marines to the persian gulf as part of amphibious assault group.

david: mr. ambassador, one question for diplomats, as you read into the other side what they do, when their meaning is, what is a response from iran that may permit de-escalation? it is clear the supreme leader will respond somehow. if, for example, he just did , would- as a diplomat you say, he took action, but it is not as bad as the other things he could have done? cannot count the nature of the iranian response as the way to end the tit-for-tat that is going on, in part, because thatranians are feeling they are now the under people in this arrangement, and will want to try to get back on top. my feeling is they will not be able to do that, but they will do their damnedest, and i would be careful in predicting where they go. if that's the case, then they will look to the u.s. for some kind of lead of going to the table. we came close at the united nations when president macron put together a series of ideas. those ideas were not at all bad, and could be resuscitated in a stepwise fashion. per

david: i assume your-- what your ndicap is-- david: you're not a scratch golfer, i assume. llyn: no way. no. no. i don't play enough for that. david: ok. today--it sounds like it must be pretty low. can you beat your husband, or is he better than you? marillyn: no. well, he's better than me, bu know, i always remind him that there's the average for women and there's e average for men, so as long as i can keep-- david: ok, and if he has a close pu, you just give it to him or just make him putt it out? so today, what is the biggest challenge the u.s. defense industry has? al marillyn: well, the nge that we have is really the challenge our customers have. we have an environment where the threats today are so difficult around the world, the global security environment is so unpredictable and is changing so rapidly, so you have a need for solutions to address that and to stay ahead of the threat anstay ahead of the adversaries. at the same time, we have constrained budgets and the budget pressures that we've faced over the last several years, and maybe we're having to spend mone

david: did you get a job? aliko: i started work with my uncle, then i went to lagos, then i started my own business. it was a very low-key business. david: you are 20 years old, 21 years old you are a trader. you are not making it to me trading it. aliko: i was trading cement at that time. david: cement is your main business. why is cement such a big part of africa's wealth? aliko: when you look at cement, it is what builds infrastructure , and we need a lot of infrastructure. in nigeria alone, we have 17,000 -- and it is all over in africa. when we started in nigeria, we realized it was imported. that's why we started. it is a long story. david: you ultimately were trading cement. was it hard to keep the business going? aliko: it wasn't her. i was buying domestically. 1980, because i started the business in 1978, so by 1980, we imported sugar, commodities generally, then started to cement business. the cement was local trading. it wasn't an import business. we started the import of cement into thousand. -- in

david: people not recognize me if my tie was fixed. leave it this way. i do not consider myself a journalist. nobody else would consider myself a journalist. i begin to take on the life of being an interviewer even though i have the day job of running a private equity firm. how do you define leadership? what is it that make somebody tick? let me ask you a question. how does it feel to get up in the morning and no 330 million americans want to know the state of your health? justice ginsberg: encouraging. no, that survivors dread disease is a challenge and it helps to know people are rooting for you. universal. [laughter] justice ginsberg: when i had pancreatic cancer 2009, there was a senator whose name i do not recall who said i would be dead within six months. that senator is no longer alive. david: but you cannot member his name? justice ginsberg: i don't remember his name. david: your current view is as long as you're healthy and able to do the job, you intend to stay on the court? is that correct. jus

you sound like me, david. one thing i say to people, we are closer to the satellites in the sky, why shouldn't they work? we are not traveling 500 miles an hour as we send it home on our wi-fi via broadband access. david: there was a proposal to let people talk on their cell phones on the airplanes, but that was voted down i think by the fcc. ed: that was voted down by me. i will never allow it on delta. whether they are allow it or not, we will never allow it on delta. [applause] david: we haven't built a new airport in this country of any size since i think 23 years, denver. laguardia is being redone and so forth, but why is the airline industry, are you responsible for building airports are not? ed: we were building regional airports ourselves. we got tired of waiting for the government. partnerships are out there trying to drive that goat. we have massively improved the onboard experience on the next thing is the airport themselves. airports in our country were built for the 1960's. >> where are you buildi

david: adam? >> obviously the low interest rates are what's driving this, but also, as i think there was a mention earlier, american banks by and large with a few exceptions are in very good shape beings and that's partly because their balance sheets are much better than they were in the great recession, they will stay that way thanks to some of the reforms that happened and this is good news for the economy and for the housing market >> well, it's interesting that there are really two differe housing markets. first of all there's the new home and then there's the existing home market and those are two different markets. second of all the market that jackie is talking about is what i would say mostly entry-level homes. they aren't talking about new, you know, $4 million spec homes they are talking about 2 or $300,000 homes. that market is strong. i know it's strong even here inv iro, but if you look across the country, at the high end homes call it 2 million and above high end obviously is differe

david? david: private equity going into 2020 with more dry powder than ever. on our charts and graphics and interact with us directly at tv on your terminal. this is bloomberg. ♪ >> this is "bloomberg daybreak." shares of general electric had their best year since the beginning of jack welch's tenure as ceo almost four decades ago. in 2019, it was their first full year as chief executive since taking over and making changes to the ge portfolio, tackling concerns about debt and cash flow. a new trade deal between the ,.s. and japan has taken effect cutting tariffs on some agricultural products and industrial goods, the japan failed in the goal in the tariffs on auto parts being reduced. soon both sides will be talking again. a hollywood talent agency in media business endeavor is looking to expand online location experiences for high-end events and the wealthy. it valued at $660 million, and and ofs redbird capital the carlyle group. that is your bloomberg business flash. david? david:

david: mishandled. [laughter] >> can you fix your tie please? david: people would not recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i do not consider myself a journalist. and nobody else would consider myself a journalist. i began to take on a life of 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? david: people say running an airline is not an easy thing to do. you have weather to deal with, energy prices to deal with, lots of employees, but you grew up in a family of nine children, so what is easier? [laughter] david: growing up in a family of nine children, or running an airline? ed: running an airline, certainly. [laughter] ed: our family was great. i am the oldest of nine. and i was sharing with david earlier that when i was five years old, we already had six kids in the house, nine kids sharing three bedrooms. 1.5 baths. my dad was a dentist, he had his practice

david: what? i think that polling i have seen suggest this independents are not in favoar -- favoar of impeachment, they don't like the way it has gone down, i think republicans did a good job in slamming the saying that is up fair and por partisan. this a lmg wa a long way to the, americans have a very short attention span, this will not be on top of their mind during the voting. >> i know rahm emanuel well, you mentioned from his doingser not doing in chicago, he think that is impacting november stuff, i doubt it. and when voters go to polls and boxies, they think about their pocketbook, wallet, and home prices that is what trump has helped with respect to said he has given the economy and tax cuts. >> even democrats, i talk with dan from flint, michigan, i asked how much do his think about the impeachment they care about their pocketbook and they care about deer hunting more. >> so, i think what is important to him will be job and wages. one reason i like vice president -- former vice president

david: you drive yourself? aliko: yes, i do. david: do people stare at you? "there is the wealthiest man in africa driving himself"? aliko: they do sometimes. [laughs] david: when you go to a restaurant by yourself, do they come up for selfies or do they ask you for money? aliko: they don't really ask me for money. any time when i go to places to either eat, you know, i get a lot of requests for selfies. it is normal. david: you have some outside interests. one of them i think you are interested in, what we call in the united states, is soccer. what other people call football. the arsenal team. is that a team you would like to buy someday? aliko: it is a team that, yes, i would like to buy someday. but also i keep saying today, we have $20 billion worth of projects. i think that is really what i want to concentrate on. you know, i am trying to finish building a company. after we finished, maybe sometime in 2021 -- david: so you are not buying a team right now? aliko: i am not by an arsenal right now. i am buying arsenal -- because i am trying to take the comp

david shannon, just 40, was dead. all it took was a look, in fact, for lead detective mike murphy to see what happened in david's bedroom was highly intentional. >> it was an execution. the intruder came in while he was sleeping, placed a gun to his head, and shot him in the chest. >> and joan? the shock of it didn't help, of course, nor the fact that she was sound asleep when it happened. by the time she calmed down enough to talk to police, she wasn't very helpful. >> i did not clearly see the person who shot david. i'm not sure if i saw or just had a feeling of somebody just leaving the room. but -- i form it as a shadow. >> did you actually see a shadow or did you tell the police you thought it was a shadow? >> it was a movement, like a shadow that left. >> she tried to follow the intruder down the hallway. she was worried about the safety of the children. she returned back to her bedroom. that's where she made the 911 call. >> the children. joan and david's eldest daughter daisy was out of town. but their two you

david: find a way. charles: you take out a loan, pay it. >>> you are being revolutionary. [ laughter ] all right, first twe days of 23f january. our panel's predictions, are coming next. into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. that will generate value for our investors. aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. . . hey, saved you a seat. this round's on me. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it ma

david: ok. ok. sec. pompeo: so, uh, so -- look, he is bright. he has managed to rise to the level of leadership in a difficult environment, where he was a very young man when his time came. from my very first interaction with him, he has been very candid with me about the things that are important to him, the priorities set, and how the negotiations might proceed. he has now repeated that he is prepared to denuclearize. it is now time to execute. and i hope that we can achieve that. david: do you expect a third summit to be announced anytime soon, the date and time of it? sec. pompeo: there is nothing in the works. david. ok. sec. pompeo: there is nothing planned. david: why did the last summit end before the lunch occured? why did it abruptly end? sec. pompeo: there was a big spread, to put it in economic terms. we had had a number -- i can't go into all of this -- but we had a number of conversations about a broad range of issues. in the run up to that, my team had worked very, very hard. and

david: what about korea? my sense is that i've seen this movie before, because we've done this starting in 1994 in the clinton administration, where we changed the policy of resolve and determination to one of conciliation and tried to buy north korea off with aid and assistance and were never able to get them to give up their nuclear program. i don't see them giving it up. i really don't. and i hope we don't go over there and just take their promise david: what about china? that is the biggest geopolitical, in my view, challenge facing american policymakers today is how we react, how we to the emergence of china as the new global swer. she's already an economic superpower, but i mean as political and security superpower. now our relations with europe seem to be undesome duress. well, i think it is very important for us to understand anstrecognize that america'sngte undesome duress. part on its alliance i mean, we have alliances around the world that permit us to leverage our sh-- our economic strength, our m

david: he changed his mind. he used to say if it capitalist had been at kitty hawk seeing the wright brothers take off he would've shot them down. there were no profits in the airline industry for 100 years. when you compare the profits versus the losses. but that has changed. ed: it has changed and he wouldn't say that today if you were to ask him. this year is the fifth year in a row our profits will be in excess of the $5 billion. david: your revenues are what percentage in the u.s. and outside? ed: two thirds u.s., one third international. david: is international more profitable? longer flights? ed: just the opposite. international is more difficult, the planes are bigger, fuel costs more, service levels are substantially higher, and ticket prices because there is a lot of competition internationally are more suppressed. we have to make about 80% of our profits in the u.s. david: you make a lot of profits, some say, by owning your own refinery. why do you need your own refinery? you don't trust other people

david: right. right. so you cannot do any better than that. so let's just start with the nba today and how it is doing. honestly, since you have been the commissioner, revenues are up. ticket sales are up. the owners' value of their teams is up by about three times. so are you adequately paid for the job you're doing, do you think? [laughter] david: today, the nba seems to be at a peak. right now, it is very popular all over the world. why do you think it is that nba basketball is so popular around the world, whereas our major league baseball and professional football is not quite as global a sport? adam: well, i think part of the reason is that it has been an olympic sport since the 1930's. i think that has made a big difference, in that it is a sport that has been played around the world. it was actually invented by christian missionaries. james naismith was a christian missionary and the game, shortly after it was invented in springfield, massachusetts, it was brought to china. so it has been gl

david? david: thanks. coming up, we will speak with democratic representative gregory meeks of new york about the agreement, the race for the white house, and much more. this is "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. president trump signed the usmca trade agreement. after extensive negotiations with our trading partners and equally extensive negotiations on capitol hill. we welcome one of the lawmakers intimately involved, a senior member of the house foreign affairs committee, democratic congressman gregory meeks of new york coming to us from capitol hill. thanks for joining us. this ended up being quite bipartisan in a very partisan washington. how did that come about? rep. meeks: i think it is very important trade deal to have renewed. it is good for all of us. if you are labor, environmental farmers, itness, came about is the best interest of everyone so we all came together and negotiated with our neighbors, both c

david: you are in your early 60's. aliko: i am 62. david: that is pretty early 60's. do you intend to do this for 10 years? 20 years? aliko: i think i will maybe be work or at least be active in the next 15 years. david: suppose someone is watching this and was to be a successful businessman in africa. what are the attributes you think you have brought to the table which make you successful? intelligence? hard work? persistence? what are the most important attributes? aliko: the most important one, if you are going into any business, you must understand the business. you must know that business. you should not invest because somebody will say, that is good money. you have to understand the business in and out. i know my business in and out. you can wake me anytime and asked me about fertilizer, anything we are doing. the other thing is to work hard and you have to have the tenacity to continue. you have some hiccups here or there. you have to be focused in terms of what you are doing. david: i never seem to get you to yell or scream. i have known you for a while. you

david: chapo's cell? >> they are serious charges, david. i don't think jail should be comfortable or prisoners live freezing or living this david: amazing this guy is who people wanted to be the next president. we'll see you next time. >> clashing new stories. president touts america's economic success story and blue-collar worker boom at davos. he talks about a new trade deal be this time with the uk. the senate trial begins with a fight over the ground rules. both sides accuse each other of rigging and rushing the process for their political calendars. we break it down, the debate. what are the president's impeachable offenses and do they meet the standard to trigger constitutional "nuclear option," removing the president? we'll also debate how the democrat's stated motive for three years now, their motive, get rid of

david: i saw some good news. reports greenhouse gas emissions in the united states declined 2.1% last year, largely because of the removal of coal as a source of electricity. are we making progress? sen. carper: the good news is with respect to property missions from coal plants, coal plants are greatly diminished. down almost 20%. that is why the overall emission picture is down 2%. mostly attribute it to call fire utility plants going away -- to coal fire utility plants going away. the biggest question to carbon emissions are the vehicles we drive. we need a 50 state deal that ratchets back the omissions beginning in 2021 through 2025. not in a way that cripples the auto companies, but in a thoughtful, reasonable way. unfortunately this administration is not interested in going there. if we are going to make serious progress, we need to make a lot more progress in the near term. do isst things we can continue to reduce emissions, two after emissions from buildings, and the other thing -- david: that is helpful.

david: did you go to college in nigeria? aliko: i went in egypt. david: what did you study? aliko: business. i graduated at 20 years old. david: you went back from egypt to nigeria. -- did you get a job? what did you do? aliko: i work with my uncle. that i started my own business. buying cement. it was a low-key business. david: you are a traitor. -- trader. cement is your main business. why is a cement a big part of africa's wealth? cement,hen you look at cement is what builds infrastructure. .e need a lot of infrastructure in nigeria, we have 17,000 housing. it is all over africa. when we started cement in it was, we realized imported. we went in there, it is a long story. david: you were trading cement. was it hard to get the money to keep the business going? aliko: it was not really hard. by 1980, we were importing rice, commodities. the cement, i was doing local trading. it was not an importing business. a cement trading business. it, you thought buying decided not to sell. you then decided to build your own cement-manufacturing business. 2003 to decided in build my own

david: all right. thank you very much mike. steve forbes, we heard from jerry nadler saying there is overwhelming case beyond any reasonable doubt, i quote him, that the president debetrayed the country if so why are house republicans complaining about not having enough evidence. >> because they don't have the case they thought they would have. she -- that one reason why she delayed sending articles of impeachment, they kept hoping machine would turn up and also kept certain presidential candidates off the trail, this a kin -- cynical exercise, the american people have turned off on it. it has failed. david: robert, you were never a huge fan of tbo going to impeact were you there no, i changed my view when 7 military freshmen wrote op-ed and fell there was something wrong there. i don't like the wholed i idea f pomp and circumstance of impeachment process, we should change that. whoever the president circumstance i would disagree with steve, i think that reason that pelosi held out is -- i think it worked bolton came heard, sai

david: right. it's also with regards to jobs, you look at various individual groups within the field that are doing extremely well, african-americans, latinos, asians, all of the various groups that the democrat party claims to be responsible for in some way are doing extremely well right now. it's a bizarre turn of events that the people that they claim to care most about are the people that are doing best with their opponent, president trump. >> well, sure, a lot of the democrat candidates want cradle to grave government intervention, and americans just want their freedom, their individualism. they want to work, be able to provide for themselves and their families. what the democrat candidates are pushing is bigger government. they want to raise taxes. joe biden said day one he wants to take back the tax cuts. now, come on, higher wages, bonuses, more jobs, companies are able to reinvest in their businesses and hire people. this is what biden wants to squash essentially. david: we have seen that

david. david: mike thank you so much. house speaker nancy pelosi facing backlash for repeatedly saying that impeachment was solemn but not quite living up to that. >> in a fairway, in a way solemn and prayerful. >> solemnly sadly open debate on impeachment of the president. >> here she is opposing for a photo with members of congress after handing out gold little pd comcommemorative pens in which e signed the document,. melissadocument. >> this is a height of hypocrisy and spectacle of silver platters and ceremonial pens, that is a celebration of three years of democrats trying to undermine a duly elected president, i found this bizarrely offensive, social mediaone crazy with people who share that view, this was not a good move on part of nancy pelosi. >> what is on, fencive ethese people tell us they are impartial. >> right. >> i am talking both sides of aisle, there may be a video of her popping the bubbley in the back room soon, and i am sure mcconnell just wants to get this over and done work i have news, for me, just

david, i forgive you. i'm not going to allow myself to let you rule my life anymore. >> but there is a question for which gayle may not get a comprehensibcapr capriibcapr comprehensible answer. >> i wish david would tell me why. and how could he ever harm such a nice person. i mean, nici was -- 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 krieg craig melvin. thank you for watching. >>> breaking right now. storms across the country. ice, snow, wind, rain and the northeast. >>> crisis in iran. protests in the street there. but this time it's not necessarily against america. what are they protesting? >> impeachment time line. a look at how long the president's trial might actually last. it could start sooner than you think. >>> i could have been a temptation. like i'm not going to make it. >> survivor's

david: simple. >> true. we have people who have created one of the worst situations from a fiscal stand point wanting credibility on how toking or my the economy they don't relied that dividing a pie is a finite exercise and shrinks the pie. david: john, we have breaking news. we could tell you about new york. a fox business alert, chinese trade delegation, arrives moments ago at office of u.s. trade representative in dc, ahead of tomorrow's signing of phase one of u.s.-china trade deal, it was created by robert lighthizer, we have more coming up, we'll cover it tomorrow. >> and battleground iowa 6 democrats take the stage tonight to make the final case to swing state voters, as a feud between two of them heats up more, we're live in des moines, coming next. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to

david? david: thank you. coming up, warren buffett's bet on apple is paying off, helping driver the equity portfolio it is next on our wall street beat. you have a terminal, check out tv go. click on our charts and graphics and interact with us live. this is bloomberg. ♪ >> this is "bloomberg daybreak." sales cut the starts price of its china built model by 9%. to lure customers into the world's largest electric vehicle market. model 3's base price is over $46,000 after zibs from the chinese government putting the some electric vehicle makers. shares of apple begin at a record high oaf the $300 mark. the first time on a split adjusted basis. there is optimism during the holiday quarter. that's due to demand for wearables such as air pods and services including streaming tv. it's the best news for the manhattan real estate market in two years. home sales fell 1.2% in the fourth quarter. that's the smallest year-over-year decline in deals since buyers started retreating in 2017. that's according to a report b

david: mishandle. [applause] is.we always know where it it just takes us a little longer to get to sometimes. hasd: and airline executive basically two companies to buy airplanes from, more or less. more or less, trying to be polite, but more or less, you have boeing or airbus. you fly a lot of boeings and your longest flight is from atlanta do -- atlanta to johannesburg, a boeing 777. you chose not to buy the 737 max for reasons that were unrelated to what would later be a problem. is that it in vantage now because you have airbus 321, picking up more capacity -- an advantage now because you have the airbus three to when and are picking up more capacity than your competitors? airbus --ave the 321, and areairbus picking up more capacity than your competitors? ed: that was never part of the consideration when making that decision. david: when you were in bankruptcy, was that considered a friendly offer? companypeople of the students at it is not going to happen. ♪ david: you grew up input cap c. pough