First interview with an International News outlet since taking office. Jason the brewing battle for dominance in the video industry. Why 2020 will be the hunger games of the media industry. We began with joel weber. How do you put an issue like this together . Joel our goal was to program conversations at backyard barbecues. Streaming will be a conversation that unfolds over the next year. Media and Tech Companies will go to the mattresses and spend billions warring with each other. Other. Taylor another big story, walk me through that. Joel victorias secret, a huge business rising for years, and now it is starting to fall. The Jeffrey Epstein scandal continues to unfold, so we step back and say epstein aside, this business is about to go through a lot of changes. Jason Lance Armstrong is back. Joel this inspired me for the Tour De France season. Lance is not a name we hear much anymore, he was brought down by another scandal. Is there a chance at redemption . He has amassed a huge aud
In the s p 500, fundamentals deteriorating for the store maker. Guy lets get to our top story. U. S. Growth is slowing in the First Quarter but not as much as analysts anticipated. Consumer spending plus gdp growth to over 2 despite a drop in investments and exports which will probably worry the fed. Joining us now on set. Afternoon. Guy the dollar up six days in a row. It seems to be a tough trade right now. How will that change . As things stand, there is little to change it. When you think about this data that we saw this morning, it confirms the fact that the u. S. Economy is doing well. There are pockets of weakness, but for the most part, the u. S. Is doing far better than the rest of the world. As things stand, even if the fed cuts rates, the u. S. Dollar is still going to be the highest field. Few larry kudlow amount a minutes ago and said that u. S. Is not going to intervene in the Foreign Exchange markets. Was there serious thought that the white house was considering it . Yo
Cabinet level officials talking about this, even openly is white remarkable. Is quite remarkable. David something that might be affecting the dollar is the gdp numbers. What is the attitude in the house behind you . It was nice, but it was not the 3 or 5 President Trump promised us. Kevin that is right. Privately they feel that the president has continued to hammer jay powell on interest rates. As a result of the economic landscape, two developments regarding gdp. Robert lighthizer meeting on capitol hill with lawmakers about passing usmca, maybe even in september, and then he will fly around the World Next Week with Steven Mnuchin for china trade talks. A lot of Economic News on what was otherwise a slow friday in washington. David never slow at the white house. That is for sure. Our thanks to kevin cirilli. Now lets get more on those gdp numbers with carl riccadonna. Were they encouraging . Carl the 2. 1 would have been 2. 7 were it not a big drag from exports. We can see the impact
Boris johnson is now then you british Prime Minister. He vowed that the u. K. Will leave the e. U. On october 31. Well tell you why his job is harder than he may think. Carol plus, our conversation with the hilton ceo, chris nassetta, on how the trade spats are affecting his company. Jason but we begin with Bloomberg Businessweek editor joel weber. Joel, lets start with the International Cover. Its a look about the bond market, debt, whats going on . Joel cheap money has been around for a decade now, and it is having a profound effect in the Global Economy. We look at the ecb this week and negative rates. Negative rates has been an untested policy tool that japan was using. And now its starting to spread. It was going to go away, and now its back almost, and its just a profound idea that a bondholder would invest in something that, if you hold that for duration, youre going to lose money. It just goes against the principles of, like, investing, right . This is investing 101. Carol who
Harder than he may think. Carol plus, our conversation with the hilton ceo, chris nassetta, on how the trade spats are affecting his company. Jason but we begin with Bloomberg Businessweek editor joel weber. Joel, lets start with the International Cover. Its a look about the bond market, debt, whats going on . Joel cheap money has been around for a decade now, and it is having a profound effect in the Global Economy. We look at the ecb this week and negative rates. Negative rates has been an untested policy tool that japan was using. And now its starting to spread. It was going to go away, and now its back almost, and its just a profound idea that a bondholder would invest in something that, if you hold that for duration, youre going to lose money. It just goes against the principles of, like, investing, right . This is investing 101. Carol who wouldve thought if you go back even a decade ago, that we would in this environment . Here we are. And it affects everything. Joel the idea of