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Interactive Brokers pays 1.42 percent on idle cash in your brokerage account over $10000.00 if your net assets with us exceed $100000.00 do you know what your broker a Q Was one o 3.7 at the latest to San Francisco know a global news update a deadly tsunami Sears' hard times I'm born Eckert devastation in the city of payload in Indonesia after a magnitude 7.5 earthquake triggered a tsunami Yannis Syriani is with categories released services in Jakarta from an already issued official us that money that more than $380.00 people has been the kind of data and buildings and he says they call it and also has been deployed to fund the area as an agreement is reached to stand down on the Kavanaugh nomination in the Senate for one week correspondent Linda Kenyon on the agreement between the Republican leadership in the White House puts the nomination. Of the Supreme Court nominee before the full Senate but the members won't vote on it for one week this allows the f.b.i. To investigate sexual assault allegations made against Judge Cavanagh Democrats on the Senate Judiciary Committee demanded the investigation and Republicans initially pushback that's until Republican Jeff Flake forced the issue by saying he would not support the nomination without the investigation coming on have a culture tell. The Republican leadership was mindful that without flakes vote and the other Republicans who later joined him Kavanagh's confirmation would be sure to ended in defeat Linda Kenney on Capitol Hill there was a time when Sears had a catalog in every home and was the Amazon of its time correspondent Steve cast the most says they're at a new low Sears used to be the nation's largest retailer and one of the biggest employers in the u.s. But over the last year the company's stock fell 88 percent at the close of the trading day on Friday Sears was a penny stock selling for $0.97 a share the company could wind up being delisted Sears Holding Company has a $134000000.00 debt payment to make soon and it's not sure if they have enough cash to do it. I'm Bartunek. Hi I'm Scott tan and founder of bone branch we make the softest most comfortable organic cotton sheets you'll ever sleep on because we only sell them online at Boland branch dot com our sheets cost less than half of designer brands and are twice the quality hundreds of thousands of Americans love Bolen brand sheets including 3 u.s. 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From this. The late sixties instrumental title to tourists from an obscure long to funk to So Cal band called Spirit the sister of the late composer Randy Wolf known as Randy California brought the suit 2 years ago lost but said the case was more about her brother's legacy and true now more people will be interested in who he was and his beautiful music that Circuit Court of Appeals ruled that the jury instructions were erroneous and prejudicial and ordered a new trial Jim Roope Los Angeles Shaquille O'Neal's son is going to miss the upcoming u.c.l.a. Basketball season due to heart surgery. And I'm Mark Mills in the Bluebird radio news room this newscast is brought to you by us c.f. Invest in what's real visit us c.f. Investments dot com That's us c.f. Investment stock Facebook's worst security breach ever is a major blow to the company's effort to rebuild trust with the users of the social network after a privacy scandal in March a hacker or hackers exploited several software bugs to obtain log in access to as many as 50000000 Facebook accounts Facebook has since solved the vulnerability but it doesn't yet know what the hackers may have done with the data Google c.e.o. Sun Darr Pichai whose company drew the ire of senators for failing to send a top executive to a hearing earlier this month has agreed to appear at another session on Capitol Hill Wall Street wrapped up a big 3rd quarter and now moves into the final quarter of the year more from Bloomberg Charlie pellet the s. And p. 500 index had the best quarter since 2013 up 7.2 percent even as the benchmark experienced its 1st weekly loss in 3. Weeks for the weekend some p. 500 index was down 5 tenths of one percent the Dow dropped 1 point one percent and this week Nasdaq advanced 7 tenths of one percent oil have the longest run of weekly gains in 4 months as energy giants to Wall Street banks predicted the return of $100.00 crude on an impending supply crunch Charlie public Bloomberg Radio David Einhorn's Greenlight Capital hedge fund declined 26 point one percent in the 1st 2 recorders of 2018 on pace for its worst year on record according to an investor update viewed by Bloomberg on Friday no comment from greenlight Federal Reserve Bank of New York President John Williams calling for continued gradual rate increases as a strong us economy pushes unemployment close to a half century low Global News 24 hours a day on air in a tick tock on Twitter powered by more than 2700 journalists an analyst in more than $120.00 countries I Mark Mills This is Bloomberg politics a very interesting play within the Republican Party itself policy. Aren't really settled with innocence in place the White House had hit even illicit yet filled with news insight and analysis is like an unconventional reality from Bloomberg politics a kind of radical agenda that breaks with democratic tradition and Bloomberg Government heated rhetoric in Washington and nationwide is Elysium on Bloomberg Radio and I Peter Barnes joined today by Bloomberg snake and Hagar coming up in this hour China starts cutting import tariffs as it tries to gain the upper hand in the trade war Plus lawmakers in Washington are debating another spending package but 1st Senate Republicans agreed to delay broad cabin a Supreme Court confirmation vote to allow one week f.b.i. Investigation into sexual assault claims against the nominee the move followed a demand by Republican Senator Jeff Flake of Arizona that Christine was the Fords claim of sexual assault in a high school be investigated Cavanagh categorically denies this. For more on how this unfolded in the Senate we turn to Bloomberg News White House reporter Justin sync Justin what happened what Senator Flake did really ratchets up the poll pressure on the president and Senator Senate Majority Leader Mitch McConnell and it really will make it tough sledding for Republicans especially the swing Republicans going forward and let's just talk about the rules of the Senate here because they're critical and we no longer have the 60 vote requirement on nominations the Philip you know the 2 and filibuster to end debate. The nuclear option was triggered it's now just $51.00 votes however I believe it does take $51.00 votes still in a divided Senate and that would include a vote from the vice president. To to advance the nomination and so if Flake is a no pants could vote yes and I guess they could move that you know the math gets really challenging here for the for Republicans you know well it goes back to the central question which is that at all which is how many Republicans are willing to slow this train down Jeff Flake who we've kind of seen as on the fence throughout this process has raised his hand he's not enough to do it on his own so will all the Democrats just need one he just needs one more person Exactly and it seems very likely the Democrats will join him and let's just I want to read from the statement here just for a moment that Senator Flake put out in announcing that he would allow he would vote in the committee to allow Judge Kavanagh's nomination to move forward he said that it was based on the presumption of innocence in the law absence of cooperating evidence that binds us to the rule of law. And while some may argue that a different standard should apply regarding the Senate's advice advice and consent responsibilities I believe the Constitution's provisions of fairness and due process apply here as well but he also. Said in this statement that he heard that the compelling from doctor testimony from Dr Ford was compelling and that he left the hearing with as much doubt as certainty yes so I think that statement really spoke to how Senator Flake obviously is that is torn on this nomination on on how to proceed and he is looking to split the difference a little bit here giving more time so that there is. So that Republicans can credibly say that we investigated this matter that we fully aired and looked at the story though that they heard from Dr Ford or from some of these other people the same time obviously being sensitive to Brett Kavanaugh as denial and his desire for this process to move forward and the president's desire for this process to move forward as quickly as possible and Judge cabin on in his testimony insisted that and basically that an f.b.i. Investigation wouldn't make a difference as far as a fact finding or. Additional testimony from anyone because of the letters that the witnesses the witnesses to the alleged assault of Dr Ford wrote to the committee saying that you know like. Mark judge saying I don't recall this or. So Judge Kavanaugh himself and the Republicans on the committee said. We don't need an f.b.i. Investigation because it won't it won't uncover anything new one affect the outcome certainly there are a number of questions Mark Judge of the other people who are at this party Dr Ford herself seem to raise the specter that her best friend the other woman who was at this party may not be participating in this sort of inquiry because of health concerns and so there are questions that she might be able to answer or new insight that an f.b.i. Investigation could bring to light she mentioned for instance when. When Brett Kavanaugh this friend was working at a neighborhood grocery store is helping her clarify her timeline somewhat and so you know this investigation could reveal more information that makes it more or less obvious what happened 36 years ago I mean I think what you've seen here is a real dichotomy and it was expressed by what Judge Kavanagh said in the hearing where he is sort of his Democrats of orchestrating a witch hunt against him that that's something that we've heard echoed by Republicans really actively and soul on the one side you've got somebody who says I didn't do this it was me. And you guys are trying to political hit job on the other hand obviously we heard extremely compelling testimony from Dr Ford who came forward told her story sat for questions for multiple hours and from the Senate there were no moments that cast any doubt on her testimony and so you have her and Democrats and some of these outside legal groups who are saying. At the very least these claims deserve more investigation and more looking Thank you Justin that's Bloomberg News White House reporter just in sync You're listening to Bloomberg politics policy empower Bloomberg Radio. It's not just honey he's still not smiling maybe he's not a small. Yeah maybe he's just not a happy baby maybe he's just being a boy or maybe he's teetering maybe it's just a phase maybe he has autism and he can definitely do something to help maybe he is all you need to find out more about autism no big joyful smiles by 6 months is more nearly sign the other is that Autism Speaks not Orks last science brought to you by Autism Speaks and the Ad Council. Only the 4th can inspire find yours and discover the forest dot org to your bank. Account Bloomberg 960 sports 9 Michael Bennett 40 niners look to move past the injury to quarterback below on Sunday is a take to the road to face the l.a. Chargers San Francisco enters his intercom for his match up at one and 2 on the season having dropped a 3827 road decision last weekend to the Kansas City Chiefs the loss proved very costly as garage suffered a torn a.c.l. And is done for the season the Niners will now rely on c.j. Bettered who started 5 games last season before garage below stepped in and eventually led San Francisco to wins over the final 5 weeks of the season the 3rd was taken by the 40 niners in the 3rd round of the 2017 draft as for Los Angeles the Chargers are also one and 2 on the season having dropped a 3523 row decision last weekend of the Crosstown Los Angeles Rams quarterback because he did better says injuries are just part of the game on the team has to be ready to play the next man that's kind of our mentality is like. A lot of guys are going to get hurt and whether it's quarterback whether it's any position on the field it's just you got an Italian Ice Man up and you got a living and a teammate. And matter what the position is Chargers head coach Anthony when says the Niners run game is very solid they don't have a job I think the number 2 in the league in Russia right now and they have the leading rusher in the back till you look at their wives Sievers marquees Goodman and. Appears they can play football Meanwhile around the ballpark the Giants are reading of the season of the week in series with the Dodgers at 80 and t. Park and they drive game $13.00 to $1.00 in the final lair Meanwhile the years are in Los Angeles for 3 with the angels and they drop the 1st game 8 to 5 me and then the A's will face the Yankees in the a.o. Wildcard game that's coming up next week warriors preseason schedule tips off tonight Ed Oracle Arena as they take on the Timberwolves That's a look at Bay Area sports now Michael Bennett Bloomberg 961 of 3.7 f.m. H.d. 2 Hi Kevin O'Leary from a.b.c. Shark Tank and chairman of 0 share c.t.s. Dividend investing has a great history of long term performance to e.t.s. That I use for investing in high quality given stocks are over us say oh u.s. And they give me diversified portfolios of over $100.00 stocks selected for strong balance sheets profitability and dividends Oh USA gives me a portfolio of large cap stocks in almost every industry oh u.s. Sam gives me small cap stocks that I think will really benefit from tax reform even when markets are rough I'm comfortable owning long term investments in 0 USA and 0 u.s. Sam listed on the n.y.s.e. Ask your advisor about the USA you know u.s. Stamp past performance is not indicative of future results investments involve risk including possible loss of principle consider investment objectives risk charges and expenses carefully before investing or prospectus containing this and other information go to read it carefully shares are bought and sold at market price not now but are not individually redeemable and owners of the shares may acquire those shares from the funds and tender those shares for redemption to the funds of creation unit aggregations only consisting of $50000.00 shares which commissions will reduce returns so shares fall into distributed by force and fund services l.l.c. Barnes Bloomberg Radio Well Tesla supporters standing behind c.e.o. Elon Musk after the f.c.c. Brought a lawsuit against the billionaire for his now infamous August tweet about taking the electric car company private at the press conference in New York Steve peak and a co-director of the f.c.c. Is Division of Enforcement called the tweet false these misleading statements none of which were pre-cleared or reviewed by anyone at Tesla cause significant market confusion and disruption within minutes of the 1st tweet Tesla's own Head of Investor Relations question whether the communication was even legitimate Matt Robinson Bloomberg News financial unfortunate reporter joins us now for more on this story from the Bloomberg Interactive Brokers studio and Matt is Ilan must going to remain a Tesla while the f.c.c. Is seeking a potential ban we've reported that the agency. Was seeking a ban on it he would have to step down from his chairmanship and that settlement fell apart at the last minute so as part of the lawsuit the agency is seeking you know monetary penalties and you know and clearly a much bigger deal is taking away my skin from his role at the company but the board backing him up though is that a risky move you know I think you know it sounds like they would they decided that they're going to you know to. Actually fight this litigation it shows the agency moved you know very fast that's you know 44. That's usually criticized for moving too slow. What are some of the details from the lawsuit about this accusation so as you pointed out comments. From the complaint again these are allegations it sounded like you know Musk put this out there and even the company was caught flat footed and what the agency will need to prove in its case is that Musk was reckless in putting out that statement meaning that he basically should have known better that he didn't really have the funding secured or didn't have a reasonable basis to make such a statement I want to get back to something that you just said that this is a fairly quick can move considerably quick move for an agency that is a regulatory body that moves quite slowly and has been criticized as such so what is the sense of urgency here sort of peeled back that curtain and explain to us why they're moving so relatively quickly on this I think you know a couple things obviously the amount of attention this is is garnered. Is certainly you know not lost on the agency and secondly the amount of evidence needed to be gathered here is relatively confined you know is basically Ok What information did you have a conversations you have with the board you know was there any talk with investment bankers so it's a pretty limited type of limited amount of information they needed to to obtain to come to a conclusion to bring this to you know to bring this case what is the board saying about backing mosque Well you know the board has come out in support of of musk. You know you know we had just reported that they were close to a settlement but they in the company pulled out at the last. Minute so I think there is some concern from that side to basically you know even though they're not admitting that it was confident in the line and his integrity and his leadership of the company you know I think you know for a company gearing up to fight the f.c.c. That's the kind of statement that you know they're going to put out in support of the question now is you know now that these allegations are brought you know this is not going to be over any time soon you know litigation takes quite some time and you know that will weigh on the company you know the share price the board it remains to be seen if at a certain point they decide you know what this is not worth the overhang and then maybe they do they do find some sort of other settlement now let's talk about that for a 2nd because the move by the f.c.c. Certainly unnerved investors but didn't Musk's erratically behavior a nerve investors already Yeah and I think this is. You know kind of putting their you know sort of digging in that you know they're not you know they didn't have to file this this quickly right even if they filed it next week or 2 weeks from now it still would have been relatively fast so I think this shows the agency is taking you know is you know is it wants to highlight this case that they want to hold you know in their view. You know even a century you know C.E.O.'s to you know to that they need to follow you know proper securities laws what's next what should we be looking for is there is there or is there hearing scheduled on this you know there this is just been filed to how I believe they've just picked a judge usually in terms of like a hearing and that's you know a couple of weeks away you know we're obviously paying trying to pay attention to if this settlement was did fall apart you know obviously we're going to be looking to determine if that you know if those discussions have restarted or if that's changing mind or or how this plays out in the coming days and weeks and it's worth mentioning that the f.c.c. Is suing. Not tast explain the difference there and how that. It's not just semantics right you know it's a good point you know this is Moscow in his statements and capacity. You know we actually reported that the test the company test was also potentially involved in involved in allegations but that you know you know that could have be brought at a later time or maybe the f.c.c. Decides not to so I think the going after mosque you know they're going after his specific statements and not necessarily the culpability of anyone else at the company and remind us what else the f.c.c. Is looking into at Tesla. That's a good point as well we've reported that the agency had been looking at the company statements about Model 3 production way before this tweet that is a much more expansive investigation because they're looking at you know production statements you know was this Were you close to meeting these targets you know that's talking to a lot of folks talking to suppliers you know and that's looking at accounting numbers which is you know in a you know a bit squishier than just saying a funding secured tweak so that that's ongoing and also the Justice Department's criminal investigation into the street still still ongoing as well criminal investigation so. I started seconds if the if if Justice proves this proves a case here does somebody go to jail you know that that's a potential outcome I think that's probably a low probability one you know given the you know the high profile nature of this company of the c.e.o. The Justice Department does look especially when you know there's allegations as curious fraud you know they tend to you know have take a look into you know those allegations as well Matt Robinson Bloomberg News financial informant reporter thank you you're listening to Bloomberg politics policy and power on Bloomberg Radio coming up states are debating work around plans for salt tax increases. This is Bloomberg. Listen as a hiring manager I've got to tell you the best candidate isn't always the typical candidate sometimes they're a grad of life meet the grads of life in the delta if you need to terminations and experience an ideal fit for your company in an entry level position internship or and believe I've. Heard the world is listening. For the 5th time running Commonwealth financial network is ranked number one by j.d. 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Learn more at Doctors Without Borders. Better to focus on Asia than Bloomberg experts around the region President Xi Jinping to morning to see a bigger focus on the exotic and the Silicon Valley perspective to what degree are all the fast companies getting snapped up Bloomberg daybreak Asia is the cutting edge here more on the hardware side of software so it's a natural fit Sunday at 3 pm Bloomberg $960.00 and $1.00 of pre-born 7 of m.h.d. To the Bloomberg Business happen Bloomberg Radio dot com Bloomberg the world is listening connecting decision makers to a network of news and financial information 24 hours a day colored by more than 2700 journalists and analysts in more than 120 countries . $960.00 know the global news update the death toll from an earthquake and tsunami in Indonesia is now $384.00. Is with Catholic Relief Services in Jakarta the airport is the coolest and Sunday magazine on their list and the infrastructure leaving to the area the closest big city will be assigned the capital of the self our team with a flight out that tomorrow will support. In conducting assessment to assess identified the scale of the damage so we can also make me see c n n how. Has moved off Mexico's Pacific coast forecasters expect it will affect the serve in Southern California today and the deserts of Arizona to morrow a busy week ahead for some f.b.i. Agents after President Trump's decision to agree to an investigation of accusations of sexual misconduct against Supreme Court nominee Brett Kavanaugh pressure from moderate Republican Senator Jeff Flake forced the president's hand Christopher crew . And I'm Mark Mills in the Bloomberg Radio news room this newscast is brought to you by national realty developers of prime New York Hoboken Philadelphia and Delray Beach real estate up to 20 percent return properties see them at an Arai dot net u.s. Securities regulators are asking a federal court to oust a Tesla's Ilan Musk is chairman and c.e.o. Alleging in a complaint that he committed securities fraud with false statements about plans to take the company private the complaint filed in u.s. District court in Manhattan says that must have not discussed or confirmed key deal terms including price with any funding source Tesla shares plunged 14 percent yesterday with investors wanting Musk to quickly cut a deal with the f.c.c. . Is an analyst at no more Instinet I think this is everything and he built this company from the ground up he's in charge of all the product of engineering design he's critical to their fund raising capabilities without you I don't think the company can survive on a standalone basis a u.s. International Trade Commission judge found Friday that Apple i Phone shouldn't be banned from the u.s. Even though they infringe a patent owned by Qualcomm Judge Thomas Pender found that Apple infringed one of 3 Qualcomm patents in the case but declined to recommend the import ban sought by Qualcomm the judge's findings are subject to review by the full commission as the 2 companies argue over Apple paying licensing fees for the tech. Knology Ted Turner the media mogul and philanthropist who shook up the cable t.v. Industry in the eighty's and ninety's said he's suffering from Louie Body Dementia a disease that leaves him tired and forgetful it's a mild case of what people have as all timers Turner told Ted Koppel in an interview to air on c.b.s. It's similar to that but not nearly as bad all timers is fatal said Turner Global News 24 hours a day on air in a tick tock on Twitter powered by more than 2700 journalist and analyst in more than 120 countries I Mark Mills This is Bloomberg. You're listening to politics policy and power with Amy Morris and Peter Barnes Bloomberg Radio speaking at a press conference in February Connecticut Governor Dannel Malloy discussed how the state plans to respond to the new Republican tax plan which resulted in a higher tax burden in states like Connecticut and New York and New Jersey in the changes that have recently occurred at the federal level that it is only fair to make sense of arms to our tax code right Bloomberg News tax reporter Lindley Browning Joining us now by phone from Connecticut with some of the latest information on this and some insights into how this is going to work Linley if Connecticut's figured out a workaround there's a little perk tucked away in there tell us about that there is a little perk tucked away in what is very novel work around that it structured. Uniquely and contrast to those that have been offered by their state and it won't hurt. That I find it managers whether managers of private equity or hedge funds can state the fact their law their carried interest oppa. How did they do that. This is how they do it so the Connecticut state of Connecticut has that point 99 percent have and that he has and that CAC partnership corporation that are up and the owners. Get about a $93.00 credit there's day and kind of act reflecting their payment affectively Connecticut state income tax but because the tax record as a tax on a business not an individual they get a whole world without action or on their total return. Does that create the possibility to attract more so-called passthrough business to Connecticut I mean I see this vision of more pasty businesses being set up in Connecticut. It certainly is. An attractive element I don't know we know there are we a bike or a jump in that but it's certainly a. Good. Well Connecticut is kind of the hedge fund capital of the world is it not it is there are more hedge fund here in that state than there are in any other state forced me to be or largest hedge and Bridgewater and a lot of other very big one as well if you take your Ok so if passed the businesses are going to be taking bigger federal debt deductions to help absorb that salt tax is there an unintended consequence that has not been foreseen that that hasn't necessarily cropped up yet but could it is that then passed on to whom that cost will be could have through our back at the door level the end alternately that managers that bear the tax so the benefit of that that then go to the actual unmannered so is the i.r.s. You know looking a little askance at this because it has look to the scans at the other worker and 18 you have to imagine that it must be it we can only crack down on the other work around. All the charitable contributions and those are absolutely not and why the Connecticut tax is not a charitable contribution it is a completely different structural be so it's going to be interesting to see how the i.r.s. . And its way to cracking down on this if indeed that is and we can assume that the agency to look at it I'm going to flip that on its ear for a 2nd if this is unique for Connecticut if this is something other states can kind of take from learn from is there a lesson for best practices here for the summer I don't know any other state that wanted to look at what Connecticut is now and could model a work around in exactly the same way there's nothing to prevent another state group doing that Connecticut is just this forest to stir up sure there's work around the ball cap in this way it's actually a rather novel and. It's not going to. Now will it end up denying the state or the federal government's tax revenue and then it could because it could end up in court in some way it could. Go left which of course of course it could end up in court on you know hand and likely will be challenged on a number of levels at heart than any Connecticut State copper's 1000 it's revenue neutral or that is it because the taxpayer get only a 93 percent credit pay he's functionally pay you know that. There are 900. And they incurred tax rate that's getting paid again because that structure that the business is getting it on the. Money out of it do you see yet any pushback or is this just too new. To be honest to new the Ira Just recently a couple of weeks ago cracked around cracked down on be charitable contributions work around you have to say it will be making noise about this you know rather than later clearly Thank you that is Bloomberg News tax reporter Linley Browning You're listening to Bloomberg politics policy empower Bloomberg Radio Coming up details of the trade deal between the u.s. And Mexico this is Bloomberg. Joined parenting experts and understood dot org a free online resource about learning and attention issues designed to help you help your child drive in school and in life understood dot org because understanding is everything brought in by understood dot org and the Ad Council but Bloomberg 9 sixty's boards I'm Michael Bennett the Oakland Raiders look for their 1st win of the season on Sunday as a play host to the Cleveland Browns Oakland enters as a of c. Showdown at 0 and 3 having dropped a 2820 row decision last weekend to the Miami Dolphins wide receiver Albert Wilson threw the go ahead 52 yard t.v. By. Asked to Jack Keane Grant with 70 team left to play and Wilson caught a 74 yard scoring strike from quarterback Ryan Tannehill with 2 minutes remaining as Miami pulled off the comeback win in defeat Derek car went 27 of 39 passing for 345 yards with a touchdown and 2 interceptions as for Cleveland Browns are 11 and one after posting a 2117 win at home last Thursday against the New York Jets was Cleveland's 1st regular season win since Week 16 of the 26 team season a stretch of 635 days Browns head coach Hugh Jackson who makes his return to Oakland for the 1st time since he was head coach of the Raiders in 2011 has given the starting q.b. Job to Baker Mayfield Mayfield lead the comeback win against the Jets a starter tie rod Taylor suffered a conclusion Jackson says they have a lot of confidence in Mayfield any time you come in a game as a young player and do what he did last week it builds confidence you can go in and command the office De Lay did and help lead the team to victory I think that says that hey you know this guy can help Raiders quarterback Derrick Carson talks about Cleveland's defensive scheme Yeah I see so consumers looks on and sometimes you know he can just go back on that kind of stuff a lot of talented just go and I think that's where they can create a lot of problems and different looks 40 niners head to Southern California on Sunday as a visit the l.a. Chargers San Francisco starting to c.j. Better to starting quarterback after a season ending injury to Jimmy Lobo squads are $1.00 and $2.00 and so like a Bay Area sports I'm Michael Bennett Bloomberg 960 and 103.7 f.m. 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Because insert he one states it's legal to discriminate against bt people get the facts of beyond I do brought to you by the Gill Foundation and the Ad Council Sunday your chance to think your own thoughts or to find out what everyone else is thinking starting at 8 am Meet the Press was that a deal you could still support Fox News Sunday Mr Secretary does a president have a point a.b.c. News week do you stand by the arguments made in this letter and politics policy and power her trip to the border could have been at a minimum a good p.r. Move for the administration Sunday starting at 8 am on Bloomberg 960 and one of $3.00 of them h.d. To Global News 24 hours a day on their end it takes to a good Twitter board by more than $2700.00 journalists and analysts in over $120.00 countries. Who heard 960. Global News Update. The death toll from an earthquake and tsunami in Indonesia is now $384.00. Is with Catholic Relief Services in Jakarta the airport is the coolest and it is Sunday May just under a lift in the infrastructure leaving to the area the closest big city will be assigned to. Our team lead the fight that tomorrow will support us in conducting assessment to assess identify the scale of the damage so we can also make me see how you can help the hurricane Rosa has moved off Mexico's Pacific coast forecasters expect it will affect the surf in Southern California today and the deserts of Arizona to morrow a busy week ahead for some f.b.i. Agents after President Trump's decision to agree to an investigation of accusations of sexual misconduct against Supreme Court nominee capital pressure from moderate Republican Senator Jeff Flake forced the president on Christopher prove. You're listening to politics policy and power with Amy Morris and Peter Barnes Bloomberg Radio I'm Peter Barnes when they've been Hagar who's in for any more as this segment now the u.s. And Mexico released the tax of their bilateral trade accord excluding Canada speaking at a Council on Foreign Relations event this week and he and Prime Minister Justin Trudeau maintained a measured approach to the trade talks life focus on this throughout has been simply. Escalate not opining not weighing in my job is very simple it's to defend Canada's interests stand up for Canadians and make sure that everything is. Economic policy team leader she joins us now for more on the story from Bloomberg 991 studios in Washington and so what's next there are any talks scheduled between the u.s. And Canada so we're not aware of any official talks that are scheduled between the u.s. And Canada and of course this week there were some opportunities it was a busy one at the u.n. The General Assembly but you know it wasn't true and Trump were side by side at one point and there was no meeting between them over NAFTA light eyes or was there Christa Freeland the foreign minister for Canada who's been leading the NAFTA talks there and from what we know they this the sides didn't really meet and so I think you know probably at a lower level there are some talks going on that have been going on now for a year since the NAFTA revision revamps started and we do expect that of course things won't entirely break down both sides both the u.s. Mexico and Canada all say they want Canada in the deal so we do expect that that things will move forward but of course the sticking points remains this dispute panel for antidumping cases that the u.s. Wants to get rid of in Canada's pretty how bent on keeping And also you know Canada as well as Mexico want to make sure that they are not included in the steel no aluminum tariffs in threaten auto tariffs you know they are they're big suppliers to the u.s. Of all those goods and they want to make sure they're not hit by those tariffs I'm curious whether this apparent cold shoulder that the 2 presidents of the u.s. And Canada gave each other at the United Nations General Assembly this week has any impact on the trade talks going on between Christopher Hill and Bob White Eyes or is there any way to tell at the start of the talks if anyone recalls President Trump the trumpet ministration said you know the revamp of NAFTA was going to be a tweak with Canada and really the focus was on Mexico because of the u.s. Trade deficit with Mexico but since that has happened there really seems to be a deterioration in the relationship between the u.s. And Canada least person and personally leader to leader and I just. At the g. 7 meetings then in June I believe in Quebec City you know Trump sort of gave some disparaging remarks when he thought that Trudeau was insulting him at the closing press conference and so it seems though that the leaders you know they do have a little bit of tension between them and of course that that can't be a great a great thing and even this week Trump said that you know he didn't really like the negotiator for Canada which of course would be Christa Freeland So it seems like some personalities are in play and I think if we know anything or have observed anything from from Trump himself as president those personal relationships seem to be what he holds its head on sometimes in terms of how well he can get along with the country and make a deal meantime President what after China in his speech to the u.n. Doesn't sound like he's ready to cut and a trade deal with the Chinese any time so the Trump administration's pretty hard in this position that they want to see fundamental changes to China's economy nothing less than you know better protections for electoral property a reduction in the trade deficit you know we've heard about these issues over and over again it's significant because this week that tariffs on $200000000000.00 of Chinese goods took effect the sort of 2nd much larger round than the 1st and the other $267.00 threatened at $267000000000.00 threatened and that sort of looming out there and I think it just sends the message across of how serious the trumpet ministration is about holding his feet to the fire and China of course saying you know they're they're not even going to engage in talks until they do us if the Us keeps up its tariff campaign thank you Sarah that's Bloomberg News economic policy team leader Sarah McGregor You're listening to Bloomberg politics policy and power on Bloomberg Radio now sticking with trade earlier this week the Chinese announce that they will be cutting import tariffs on a set of goods starting November 1st further deepening the u.s. China trade war Shawn Donnan is Bloomberg News senior trade reporter Sean explain the latest actions from China you know we tend to think of it we tend to frame the trade wars as a kind of terror for it sort of to. Terrorist But you know there's politics in there there's all sorts of other ways that the China can fight back in terms of Rasin us companies that do business and in China and so on these things are a lot more complicated than the kind of sometimes simple ways the black and white ways the demonstration portrays it and Peter Navarro if you're my back earlier this year was was saying that no country would dare retaliate against the United States when they were 1st talking about introducing tariffs and of course now we're in a point where they're in a daily game of managing the retaliation I think what President trip was talking about was some of the political targeting that we've seen by the Chinese and not just the Chinese the e.u. Has has done some of this is well and that is by in their retaliation targeting very specific products that are in politically sensitive sectors so we've all been talking a lot about soybeans lately we know that farm states were a huge source of support for for Donald Trump that that's an area of his base that the Chinese can target by inflicting a little trade pain there we also saw at the weekend the China Daily take out 4 pages in The Des Moines Register in a kind of a sort of extended rebuttal of Donald Trump's trade policies really right there in the kind of Iowa heartland if you will so you know China's playing a political game but again they're they're not alone in this and this is how trade wars have been fought in the past the e.u. When they were retaliating steel tariffs earlier this year targeted bourbon why Tennessee why Mitch McConnell You know I didn't exactly sorry Kentucky the Mitch McConnell the the the Senate majority leader they also looked at Harley Davidson's and we saw you know all of the fallout that we had from that and the kind of battle between the president Harley Davidson when it started talking about relocating some of its Summers production so what we're seeing here is a trade war that's going to be fought on multiple levels and is not showing any signs of easing up well tell us about this announcement from the Chinese how does that card play out in all this. Well it's really fascinating because what do you what their reaction reacting to the Trump administration's raising of terrorists by saying Ok well you know you know unilaterally we're going to lower our tariffs on a whole series of products to the rest of the world and what's important here is that the people are going to benefit from this and we don't yet know the exact list of. Goods that they're talking about but it looks a lot like the rest of the world will benefit for this Meanwhile the u.s. Which has been targeted for retaliation and higher terrorists is is going to suffer so it's this is China turning to the rest of the world saying hey we're open for freer trade just not those guys over there in the u.s. You know that sort of leads to my what I guess I thought of as of his sort of way out of the box question which is if China is lowering its tariffs on the rest of the world isn't that a step in the direction that the administration says it wants trying to take in terms of lowering barriers in terms of opening its markets up to more trade Absolutely but what we've seen so far. In China has done this before earlier this year they announced that they were lowering tariffs on auto imports for example but as a result of the retaliation to the u.s. They then raised their tariffs on imports from the u.s. Of autos for a very specific reason so we're seeing this kind of there's this real gap emerging between the ability of European and other Asian companies and the access that they're going to be getting into into the Chinese market and the u.s. Market and we're seeing in b.m.w. This week said that its results are going to be hit by the trade war so why because it exports S.U.V.s from South Carolina to China what's the problem well China has slapped a 40 percent tariff on those S.U.V.s imports which means that other European s.u.v. Manufacturers who don't manufacture in the u.s. Are going to be able to have an advantage and and that means Audi v.w. And others are going to have an advantage in China. Meantime the president got Japan in in his sights for on the trade front what can we expect from that meeting so out of terraces is really the big issue in the bilateral relationship right now to remember the president earlier this year threatened to impose tariffs of up to 25 percent on imports of cars and car parts and Japan is a major exporter of cars and car parts to to to the United States and they're worried about that the president has also been trying to draw Japan into a bilateral trade agreement. After If you remember back to his early days he dropped out of the Trans-Pacific Partnership which included Japan which was. A huge Obama trade project if you will so what we're going to get is the announcement of a the start of talks the start of negotiations that's what we expect and autos will be the subject there and just quickly looks as though the u.s. Is moving forward on bilateral trade deal with Mexico we are running up against another of these deadlines these are all fuzzy deadlines they're still talking with Canada. We'll see where this goes but this is something that we're going to be tracking for weeks yet because there's nothing else to look at taking. Done in Sr trade reporter for Bloomberg News thanks as always for keeping us on top of all of it Well that wraps up this week's show for more government and national affairs news from Bloomberg visit Begob dot com You can also find political news analysis and commentary at home Politics dot com And Peter Barnes with Amy Marcy and Nathan Hager this is. This is the Bloomberg Green Business Report a dirty industry is cleaning up as a small the growing part of the global shipping fleet uses l n g liquefied natural gas new international rules to cap sulfur levels for maritime shipping which take effect in 2020 May spur an estimated 5 fold surge in vessels powered by l. And g. Over the next 8 years Helen g. Is. An abundant fuel that contains virtually no sulfur it creates 25 percent less carbon dioxide than conventional shipping fuels 85 percent less nitrogen oxides and 99 percent fewer particulate which have been linked to cancer Carnival Corporation the world's biggest cruise line operator just out of the 1st of 11 l.n.g. Powered vessels to its fleet and competitors have their eyes on buying more one hurdle to making the switch l. And g. Refusing facilities aren't widespread but in Norway worship spells in clouds of soot aren't welcome around pristine scenic coastlines the country's early support of an elegy infrastructure has made it the biggest operating area of gas powered ships that's a Bloomberg Green Business Report I'm Bob Moon Market in so I from blue bird strike a little music. Dissensions from Comcast. So now I can. Get. Through in the sense of. Speed Internet. Or anything learn more. About it. 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