Skip to main content

tv   Bloomberg Markets Americas  Bloomberg  June 4, 2019 1:00pm-2:00pm EDT

1:00 pm
heavily used form of educational travel as it seeks to further isolate the economy is government. the treasury department says is cracking down on cuba for what it calls playing a destabilizing role in the western hemisphere, providing the commonest foothold in the region and propping of u.s. adversaries in places like venezuela and nicaragua. paul manafort is expected to be moved to rikers island, the jail complex in new york city. president trump's former campaign chairman will most likely be held in solitary confinement while facing state fraud charges. manafort was convicted last year on federal bank fraud, tax, and conspiracy charges into related cases and is serving a seven and a half year prison sentence in pennsylvania. there are new health concerns connected to the april fire at the notre dame cathedral in paris. health officials are recommending young children and pregnant women who live new the
1:01 pm
site should get their blood tested for lead pollution. the blaze sent tons of toxic lead from the burned-out roof into the air, later sinking to the ground as dust. the deadly ebola outbreak in eastern congo has surpassed 2000 cases and has picked up speed. the who calls it a sad and frustrating milestone. the outbreak declared in august has killed more than 1500 people in a volatile region where rebel attacks and community resistance have heard containment efforts. is fatal in 90% of cases. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. it is 1:00 in new york, 6:00 in london, and 1:00 in hong kong.
1:02 pm
i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are our top stories from around the world that we are following. chairman jayve powell signals openness to cut interest rates if necessary. we have all of that fed speak next. president trump says the u.s. and the u.k. could as much as triple their trade after brexit. and upbeat on uber. the general atlantic ceo on why he is so bullish on the ridesharing company. kailey leinz is with us halfway into the trading day. no signs of this bounce letting up. and being aided by those dovish remarks from jay powell.
1:03 pm
the dow and the s&p 500 on pace for their best day since january. the s&p up by 1.3%. the nasdaq up more than 2%, recovering from the painful day yesterday. within the tech sector, it is the semiconductors really outperforming. , onphiladelphia index up pace for its best day since april. take a look at d6-day chart of the u.s. 10 year yield. that rally that we saw a really reversing today. up by seven basis points. now at 2.41%. you can see yields are down by 18 basis points over the past six days, the first time in six days they are going higher. we are seeing those rate-incident areas to react as you would expect -- rate-sensitive areas to react as you would expect.
1:04 pm
real estate and utilities lower, each by 1%. they are the only two sectors in the red in the s&p 500 today. finally, looking at individual movers. lyft moving in different directions today. period over for the underwriters on the uber ipo. ore of them giving a buy equivalent rating. lyft, many preferring uber. vonnie: jay powell and the central bank sponsoring a conference as part of the 2019 review of its monetary strategy. powell spoke this morning. michael mckee was there. he immediately veered off script to address this escalating trade rhetoric. the fed is the unusual situation of wanting to stay on hold but unable to ignore the
1:05 pm
fact that the markets are trying to send a message. the question for powell and the rest of the fed is what is that passage, do we need to cut? the markets say we do. are they reflecting what the forecast is, or do we need to stay on hold? as charlie evans said, we don't see it in the data yet. it was a tough question for powell coming in, and he elected to say something. bullard came jim out to call for a rate cut yesterday, the first to do so, it may have been wise. what do people at the conference make of it, what do they make of the current environment? mike: everybody here is in the same boat as the fed. economists, fed officials from all around the country. ing to figure out where we go from here. not want to go
1:06 pm
overboard in making a promise but did want to reassure the markets that the fed is listening to them. >> we do not know how or when these issues will be resolved. we are closely monitoring the implications of these developments for the u.s. economic outlook, and as always, we will act as appropriate to sustain the expansion with a strong labor market and inflation near our 2% objective. mike: jay powell speaking here in chicago. joining me is somebody who is presenting an influential paper this afternoon on the international aspects of u.s. formery policy, the chief economist at the international monetary fund. thanks for joining us. the markets are focused on the idea that jay powell said they could cut rates. i want to focus on the earlier part of his statement, we don't know how this will end and we don't know what the implications are. how hard is it for central
1:07 pm
banker to look at what's going on with the trade wars and make policy based on? >> it's a very hard for at least two wr reasons. the first -- two reasons. the first is the effect of these measures, the threats to the degree that they hurt investment, it is hard to predict. secondly, policy is very volatile, very political, not determined by economic fundamentals, so much as the gamesmanship between countries. that as to the uncertainty that maintain in economic activity. mike: in your paper, you look at how central banks should look at the impact of their actions on the rest of the world. considerd and others what they are doing right now, how do they look at that? the u.s. is very special because the dollar is the world's dominant currency, dominant as a reserve currency,
1:08 pm
dominant as a funding currency. so the actions of the fed in the monetary sphere have an unusually powerful effect in the rest of the world, particularly on emerging market and developing economies which are 40% of the world economy now at market exchange rates. accounthas to take into his is a potentially important for theng mechanism effects of its actions not only on the rest of the world but the u.s. economy itself. if the rest of the economy slows down when the fed tightens, that will be felt in the u.s. what is most important for them, do they say it is our economy, maybe your problem, or do they do not as much because they know it may affect other countries? >> i think the effect on the rest of the world is a modulating effect on their policies. if you are forecasting the
1:09 pm
effect of policies abroad, you need to take into account that amplification mechanism just to understand what will happen to the u.s. economy. there is nothing about that that is inconsistent with the feds domestic mandate. it is just that foreign events are likely to have a big effect on the u.s. mike: if the fed were to cut rates in response to what is going on with the trade situation, how does that affect the rest of the economy? seen asnk what we have a result of the trade tensions, there's been a retraction inflows to emerging markets. emerging market currencies depreciate. so the fed going to a more accommodative posture helps factors,ome of those take pressure off of emerging markets. mike: is this kind of a one-off situation for the fed? in your paper, you talk about ways to change their reaction
1:10 pm
function going forward, whatever the issue. >> i don't think it is a one-off situation now. i think they need to model the rest of the world in a more detailed way. of course, they do take this stuff into account. measured increase in interest rates after the offial december 2015 a lift on hold, they were looking at the effects on the rest of the world and the turmoil in the rest of the world. .nformally they do this more formally, they should be a regular part of the process. obstfeld, thank you for joining us. is acting on the impact of federal reserve policies on the rest of the world. obviously, a lot of impact of what is going on in the united states these days on countries everywhere. vonnie: thank you for bringing us that interview. let's take a quick look at the markets. we have been rallying all day
1:11 pm
since even before the fed chair comments. a bit of a bounce back following that selloff. the s&p 500 up 1.7%. techsasdaq and the mega- tec are back today. best performer in the s&p, mattel. trade woes coming up but also has signed an agreement with the .ompany that owns hello kitty it will license all of those toys. one of the worst performers, norwegian cruise line, after the u.s. says it is barring cruise ships going to cuba. coming up, london calling. president trump is overseas in the u.k. meeting with the royal family, sharing the stage with outgoing prime minister theresa may. more on his trip ahead. this is bloomberg. ♪
1:12 pm
1:13 pm
1:14 pm
vonnie: this is "bloomberg markets." i'm vonnie quinn. president trump and outgoing u.k. prime minister theresa may held a joint news conference today. struck a trump positive tone, promising a trade ramp up between the two nations. makesthe u.k. preparations to exit the european union, the united states is committed to a phenomenal trade deal between the u.s. and the u.k. there is tremendous potential in the trade deal. i say probably to and even three times what we are doing right now. even threethree times what we are doing right now. vonnie: let's welcome our guest.
1:15 pm
to reason they be prime minister by friday. we don't know who the next story leader will be, when britain is leaving the eu, and when it will be able to negotiate anything. >> that's right. any discussion of a trade deal is premature right now. it will be possible to discuss if and when the u.k. exits the european union as a member state. period, if that there is a withdrawal agreement, will still be in the customs union. during the transition, the u.k. will be able to negotiate with the u.s., but not to implement a new trade deal. unless there is a no deal brexit , which would be extremely disruptive, what we are talking about is something that is several years ahead. vonnie: even if there is the will on both sides to do an enormous trade deal, assuming
1:16 pm
brexit happens, this all plays ,ut as president trump laid out was there a sinister tone set by the president when he mentioned the nhs, national health system? >> interestingly, that was a very actively discussed topic with the u.k. enter the european union. a lot of concern at that time that the eu competition policy in particular would put that into question. in the end, the u.k. made it a strong point in their would beons that nhs secure. this was fully compatible with eu law, and nothing happened. here we are talking about something comparable. people that don't like the idea of a trade deal with the u.s. will make a strong and of this. i don't think there is any risk to nhs, because that would be a strong negotiating point for any u.k. government that comes up. vonnie: the president's point
1:17 pm
was that any company should be able to have in on the system. >> of course, but we are now used to the trump presidency, that what he talks about will not necessarily translate into a negotiating position, or even if it is a negotiating position, it is
1:18 pm
1:19 pm
1:20 pm
1:21 pm
1:22 pm
vonnie: this is "bloomberg markets." i'm vonnie quinn. built ford heic's does not computer -- consider uber's ipo in taylor despite the plunge i. is not the end of
1:23 pm
the road what an important milestone. >> the lesson, what is happening is more of the growth of these companies is happening in the private market and public market. , if you talk about a $60 billion valuation, what an incredible accomplishment. so much of that happen in the private market. if we go back to the days of theosoft going public in 1980's, 90% of their valuation happened as a public company. it is a reason why many institutional and retail investors have said i have to get exposure to private markets if i want to participate in the most interesting innovations, the most interesting entrepreneurs. was an investment going back to 2015, you enjoyed some of that appreciation while the company was private. do you look at the ipo and call it a disappointment? >> i don't.
1:24 pm
i talk about it as a milestone in the company's development. they have to work they way toward profitability. a talked about that on their earnings call. i don't see it as the end of the road but an important milestone. i think it was an achievement in terms of making that company available to public investors but it has a long way to go. he renyou could re-edit t movie thus far, how would it have looked different? >> may be pushing the move to a professional ceo earlier. the challenges they have been done with -- they have been dealing with would have been done with earlier. >> you raise an interesting point about a company like uber and their ipo being a milestone. we have a milestone. we having knowledge that under the current construct, so much
1:25 pm
more value is created while the company is private. what future does that leave or the public market? it raises some existential questions about the purpose of the public market and why anyone would want to participate there, and if you had a choice, why you would want to be in the public market when you could be in the private market? back 25 yearsted ago, the public market was a critical source of capital or company development. the venture capital market was quite small, growth equity was even smaller, and buyouts were so getting growing. capital formation had to in the public markets. now, capital is widely available private markets. ceos are realizing they can accomplish more as a private forestall the distraction of quarterly earnings, meetings with investors, that 20% of management time that gets taken
1:26 pm
away by being a public company. i think there are some positives and some negatives to it. speakingill ford exclusively with erik schatzker at the bloomberg investec new york conference. you can see all of those panels and guests at live go. second trading day in june and we have another up day. to s&p 500 crawling back up 420 800. to 2800. doing well,gaming as is tiffany despite missing estimates. this is bloomberg. ♪
1:27 pm
1:28 pm
1:29 pm
mark: i'm mark crumpton with bloomberg first word news. mexico's foreign minister says he believes his country will find common ground with united states. he spoke at a news conference in
1:30 pm
washington today about attempts to negotiate a solution on migrations to avoid u.s. tariffs on the nations imports. mexican representatives met with the u.s. secretaries of agriculture and commerce on monday and met with the u.s. trade representative robert lighthizer today. he says the mexican delegation will present a migration proposal on wednesday. house republican leader kevin mccarthy said today the crisis along the southern u.s. border with mexico is growing. he called on both democrats and the mexican government to help in correcting it. mccarthy also said he believed the u.s. and mexico can reach an agreement before the june 10 deadline when the u.s. will impose a 5% tariff on mexican imports, unless exit go cracks down on immigration. >> i think the best outcome of this is to have mexico assist us in the manner of what is happening on the southern border , and mexico is not moving,
1:31 pm
america is not moving. we have good relationships there. if they can help us along the border, there will be no tariffs . , more than 1000 migrants were apprehended after illegally crossing the border in one location near el paso, texas. china has warned its citizens that it's dangerous to travel in the united dates. beijing has issued a travel advisory through the end of the year. -- it's dangerous to travel in the united states. did notperson mention the trade war, just saying to take current circumstances. virginia governor ralph northam is responding to the shooting in virginia beach, calling a special legislature to take on gun control measures. he wants the republican-controlled general assembly to hear from the public about the need for laws related to guns and accessories. global news 24 hours a day,
1:32 pm
on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. live from bloomberg world headquarters in new york, i'm shery ahn. >> live in toronto, i'm jon erlichman. welcome to "bloomberg markets." here are the top stories we are following from around the world. the battle over big tech. the doj and ftc below the job of monitoring tech giants from amazon to apple, faced, and google. facebook, and google. mining speak to canadian
1:33 pm
leader don lindsay about why he wants companies to be more transparent. soaring local media deals. business ofng the basketball with a deputy commissioner of the nba. we want to get a quick update on what's happening with the markets this afternoon. we are seeing lots of positive action on wall street. the best day performance on an intraday basis and january. looking at a 1.8% advance for the s&p 500. the dow has been up more than 170 points. the nasdaq also strong today. talking about the optimism from mexican trade officials. couple that with comments from jay powell, the possibility of rate cuts. that has been fueling stocks. the nasdaq up 2%. we can highlight the individual stocks that were under pressure
1:34 pm
yesterday including google, amazon, apple, and even facebook , which was struggling earlier today, now up more than 2%. thoseith those worries on regulatory realities. shery: given those comments that you mentioned on the possibility of potential rate cuts, we are seeing investors pricing in rate cuts. this chart on the bloomberg showing that they are pricing in two cuts by the year end, each 25 basis points. chairman powell talking about trade negotiations and other matters, pledging to keep a close eye on the fallout, and will act appropriately to sustain that. this comes after some uncertainty on trade. president trump says he expects to begin hitting with tariffs next week in the dispute over illegal immigration. mexico's foreign minister laid out the probabilities the
1:35 pm
nations would find common ground this morning. me which is ad percentage that we are expecting asxpecting for tomorrow possibility for a negotiation, i think we have 80% in favor of negotiation, 20% maybe difficult to reach an agreement. shery: to talk about what is next is eric martin, based in mexico city but here is in the studio. are those comments from the foreign minister part of the eternal latin american optimism? 80% by june 10 seems far-fetched. >> it is fascinating. we saw president trump come out in the u k and reiterate he expects to impose the tariffs on mexico beginning monday. we are seeing two different sides of this. we are seeing a rebound in the
1:36 pm
mexican peso today, up 0.9% at last check. it seems the peso is paying more attention to the optimism, thinking this is something that will be avoided or short-lived, than focusing on president trump's continued threats. jon: if there is optimism from those mexican officials in the air and our meetings still you to take place with u.s. officials, what will you be watching closely as they continue those conversations? >> we will be watching if there is any opportunity for a quick quote pro. is there something mexico can offer that satisfies his need and desire to see stronger efforts on the enforcement side? we will be watching if there is any opportunity for a quid quo pro. putting more resources to this.
1:37 pm
with the u.s. or congress be willing to help mexico in some way with that? those are some of the things that we will be looking at to see if mexico can broker a compromise to avoid this imposition of tariffs. shery: i was surprised to see how measured president lopez over door was late the. is this because he has no other choice? bradorsident lopez over was as of late. has been very consistent in trying to avoid confrontation, trying to focus on cooperation and perhaps the few areas where he and president trump agreed. it's been consistent with him since his victory last july. jon: thank you so much, eric martin, with the latest on the mexico u.s. story. turning to technology, as many --a dozen companies
1:38 pm
galvanizing companies to come forward with our long-standing complaints. with the latest, we are joined by naomi in washington. a long list of rivals making their views known in washington right now. >> the announcement that the doj would be opening an investigation into google's competition practices has excited some companies who have had long-standing gripes with how the company has operated in the marketplace, whether that is how they have conducted research products to the way they dominate the digital advertising market space. shery: what are they expected to do it, what is congress excited ?o do now >> these companies will want to set meetings with doj officials to make sure that whatever they decide to focus on as they investigate google, that it will
1:39 pm
benefit their company. who hasy like yelp, gripes with the way google operates its search practices, favoring its own products over rivals, then yelp will want to take measures to make sure that investigation favors it. other companies that have gripes about google's advertising practices will make sure the investigation looks into that. we are still waiting to hear from google, at least google is trying to wade in they will get more details from washington on what unfolds. >> this is really early in the investigation. know a lot about what the doj will be interested in looking at. or for that matter, what congress will be looking at. open up theirrs own investigation into the tech companies.
1:40 pm
jon: thank you, naomi. canada on the global stage. we will speak with don lindsay, the ceo of tech resources, also the head of canada's business council. this is bloomberg. ♪
1:41 pm
1:42 pm
jon: a group of canadian business leaders is urging federal business partners to outline her economic plans with canadians heading to the polls in five months. the business council is voicing its concerns about the country's economic future and an open letter. isncil chair don lindsay also the ceo of teck resources. he joins us from vancouver. in this letter, you and others raising potential concerns about
1:43 pm
the canadian economy down the road. what is your primary concern? >> well, we certainly believe canada is a great place to work and live. we hope and always will be. but we have some concerns there are clouds looming on the horizon, that we see some challenges to our economy. we want to make sure each of the federal political parties have strategies to address these issues. skills and talent, energy and infrastructure, taxation, regulation, innovation in the knowledge economy, and canada's place in the world. these are key issues that we are hoping to see from all the specificeaders, platforms that address these issues. this cominguch is from external factors, like the trump administration threatening to tariff? external factors will have a
1:44 pm
big influence on the canadian economy but we have to respond. we worry about canada becoming complacent. we see other countries working hard to improve their competitiveness. when they change their policies, as the u.s. has, we need to respond. we need to make sure the economic issues are front and center in the upcoming election. mentioned taxation, something the trump administration took action on. when it comes to tax policy in this country, how aggressive would you like to see government leaders go? >> each of the leaders will have their own position. i would point to a study that i believe price waterhouse did suggesting the effects of the tax cuts in the u.s. was 10 times greater than the affect of the renegotiation of nafta. tax cuts make a big decision to -- big effect to economic decisions. we know we don't have all the answers but we want to make sure each of the political parties
1:45 pm
come forward with clear platforms, policies that anddians can then assess will be directed toward making us more competitive. that is what canadians deserve. membersow much are your factoring in that usmca will be passed is here -- this year? watch how have to that develops, there is always the surprise factor. our members now employ close to 2 million canadians. it's a big factor for most of them. a lot of us have worked closely to try and have as much communication with our counterparts. we will continue to do that as early as next week. shery: how do your members feel canada has handled relations with china after the arrest of the huawei cfo? importants also an factor in the global economy, needless to say. the current stress between china and canada does not help. they are challenges that
1:46 pm
everyone is trying to work toward. in the end, we want to make sure each of the parties, leaders comes forward with key, specific solutions to these issues we have raised. we know we don't have all the answers, we don't want to come with a long wish list. we want to gather input from all canadians. we are having roundtables across the country, consulting with indigenous people, small business, communities, ngo's, labor. website where people can submit their ideas and solutions. we just want to make sure in the upcoming campaign that these key issues are addressed. jon: that is the big picture. china,ly, we talk about which you have a lot of experience in as well. how confident are you in your own business outlook, given the tensions in the air right now? >> i was there last week, i had good meetings with key
1:47 pm
individuals in beijing. we have not been affected so far for our business at teck. there has been no change at the frontline of customer demand. we have not had any particular issues with china. we are pleased with that. we know that could change at a moments notice. we are carrying on business as usual. shery: thank you for joining us, don lindsay, the business council of canada, and tech resources. toronto fans are getting their first taste of the nba finals. teck resources. we will speak to mark tatum of the nba next. this is bloomberg. ♪
1:48 pm
1:49 pm
jon: this is "bloomberg markets." i'm jon erlichman. shery: i'm shery ahn. the toronto raptors and golden
1:50 pm
state warriors are set for game three of the nba finals in oakland tomorrow, with the series tied 1-1. it is not just sports fans benefiting from the series. the nba is join a boost from the first cross-border championship, setting records for the most-watched nba game in canada's history. we are joined by the deputy commissioner of the nba, mark tatum. as i mentioned, huge viewership in canada, up 30%. before we came on the air, we were talking about your expansion in china as well and what has -- as well. what has the expansion done for your league? >> incredible. today, 25% of the players in the league were born outside of the u.s. canada is the number one country outside of the u.s. producing nba players. a record number 13 canadian nba thislaying in the season, and we are seeing our business grow internationally as a result.
1:51 pm
shery: exciting times. fromave seen engagement president obama as well, who was at game 2 of the finals. we can see him there on the screen. he was sitting next to your boss, adam silver. we have been hearing reports that he will help in participating to establish a leak in africa. >> president obama has always been a huge fan. or him to come to the nba finals and cheer on the finals was amazing. we have a partnership, continue to explore a partnership with the president about doing things, not just in africa around the league, but other parts of the world as well. we are in very early discussions but we know we will do something together. we want to figure out what we can do together. shery: what role can he play? >> he is an incredible ambassador or the sport, he is known everywhere he goes. his passion for the game of
1:52 pm
basketball is fantastic. all sorts of things we can do a run grassroots development, education, and the like. jon: what about on the marketing side, now you get a taste of what a cross-border finals looks like. over the last week, have you had new ideas on ways to market the league going forward? >> it's incredible to have this historic moment with our first finals outside of the united states in toronto. a third of the country has tuned into some portion of the nba finals this year, a record-setting year. we are seeing the jurassic park phenomenon that happens outside the scotia bank arena. now that is spreading west. we are seeing viewing parties in vancouver, calgary, montreal. it's become a national phenomenon there. jon: at bloomberg we talk a lot about the way shins. whether it is the warriors or the raptors, team values have
1:53 pm
been increasing. with this international flavor, is the leak getting more inquiries from folks around the world to perhaps purchase an existing team or to further -- more expansion of the league? >> when you look at our ownership group, the owner of the sacramento kings was born in india. purchased 49% of the brooklyn nets, and he is from china. the international ownership piece continues to be a part of the nba. so much of that is driven by the popularity of our sport on a global basis. shery: also popular, the sports betting industry. you are trying to claim a piece of that pie. what is the potential for that market? is no secret, the sports betting industry is a multibillion dollar industry, and only recently now is becoming more legalized in more states. up until this point, it's all
1:54 pm
been underground. we think it's important that it is legalized and that there are integrity provisions put in ofce to ensure the integrity the fans, protection of the fans and consumers who want to bet safely. jon: sports gambling is one area. e-sports is another area where the nba has been focused on. do you see more alignment and what is happening day today in the league itself and what is happening with e-sports? >> without a doubt, we started our own e-sports league this year, the 2k leak. the interest we are seeing around the world is just incredible. -- the 2k league. female playerst drafted into that league this year, international players. we see e-sports as an incredible way to grow interest in the sport on a global basis. jon: we saw you recently at the
1:55 pm
draft lottery, obviously, some new york knicks fans hoping for the first pick. still got the third. are we going to see a canadian heading to the big apple? year, they are projecting the most number of canadians will be drafted into the nba. the old record five years ago was four. this year's canadian class is very deep. there is a young man named r.j. barrett who is the top tick, and is canadian -- pick, and is canadian. i know a lot of new yorkers would be happy if you came to play for the knicks. jon: mark tatum, thank you for joining us. shery: the u.k. subprime lender is considering walking away from his hostile bid for provident financial, according to people familiar with the matter. recent troubles have made
1:56 pm
pursuing a transition more difficult. the situation is fluid and plans could still change. people familiar with the matter talking about the nsf bid. we also have some more headlines from the u.k. to tories are completing finish their leadership race on the week of july 22, changing to facilitate the contest, now looking at july 22. if you missed any of the interviews that we showed you in the programming, tv is your function. live from toronto and new york, this is bloomberg. ♪
1:57 pm
1:58 pm
1:59 pm
the president held a joint
2:00 pm
news conference with british prime minister theresa may in london. u.k.dent trump: as the makes preparations to exit the european union, the united aates is committed to phenomenal trade deal between the u.s. and the u.k. there is tremendous potential in that trade deal. i say probably two and even three times of what we're doing right now. reiterated his opinion of boris johnson making a good u.k. prime minister, praising another contender for foreign secretary jeremy hunt. thousands of protesters greeted the u.k. visit with anger today, crowding london's government district. feminists, environmentalists, trade unionists, and others welcomeated against the being given to the president.


info Stream Only

Uploaded by TV Archive on