david: humility? condoleezza: humility. david: versus arrogance. condoleezza: versus arrogance.ance and hubris are recipes for disaster. ♪ david: let's talk for a moment about non-foreign-policy matters. talk about athletics. you were one of the first two women to be admitted to augusta national. was that a surprise? condoleezza: a total surprise that came totally out of the blue when someone offered membership. i was so stunned, i did not say anything. he said you are going to say yes, aren't you? i said, oh, yeah. david: are you a good golfer? condoleezza: i am an ok golfer. i started late. i was a competitive figure skater as a kid and a serious tennis player. i took up golf the summer i was secretary of state and didn't play very much, but i love it. yeah, i am a decent golfer now, a good putter. david: you once said you would not mind being the nfl commissioner. condoleezza: i told a good friend of mine, roger goodell. i said when you worry about iranians and russians every day, so bad. does not look [laughter] david: since you left government, you have written four books,

david: ok. ginny: my work isn't done. david: ok.ill still be here for quite a while. and what am i going to do then? after? david: would you ever go into government or something? ginni: i don't even think about that right now. david: in the stay fit category, you are a golf -- ginni: does that mean you think i look fit? david: you are fit. ginni: thank you. [laughter] ginni: that is how you get a compliment. [laughter] david: you are fit. but you are a golfer. ginni: that does not keep you fit. [laughter] ginni: my husband loves golf. i have great respect for golf as a sport and its long, really tradition and history. i do not have the time to be very good. and so, the other way i really do -- and people don't think this is funny, the other thing i do is boxing. david: boxing? ginni: that is something i can do in short spurts on an everyday basis. david: does somebody dress up like apple or microsoft and you do is boxing. get to box them, or you don't do that? [laughter] ginni: i do box with a person. the difference is he does not g

david: ok.il: but not any lifestyle that anybody would be wanting to show on t.v., or be particularly impressed with. [laughter] david: you knew you wanted to go into business and go to harvard business school, or not? abigail: i was definitely thinking about business school, but i would not say i had the confidence to be sure that i could actually make it there and be successful. after i finished in college, i wanted to go into business and get a good business experience. i had worked at fidelity during the summers, so i came here to new york and i worked in the strategy practice for management consulting firm booz allen hamilton, you know well, and that was a great experience. i had been a liberal arts undergrad, so being immersed in business analytic challenges was a terrific experience. david: did your father say, ok, now you have an obligation to come into the family business? abigail: he never said i had an obligation to come into the family business. and it is interesting because both of

i might very well consider that, david. david: when you do step down, please let me know.l have to talk to you. thank you very much. marillyn: thank you. [applause] ♪ nejra: rules rollback. congress approves a sweeping overhaul of the dodd-frank act. the latest from washington and what this means for banks. the u.s. opens a criminal probe into whether traders are manipulating the price of digital currency. and, head in the cloud. how technology is reshaping regulatory compliance. welcome to "bloomberg markets: rules and returns," i'm nejra cehic. we delve into the regulatory challenges and opportunities for financial markets around the globe.

[laughter] david: ok.ing the transition of the president of the united states, donald trump sent out a tweet saying your biggest product, the f-35, was too expensive. and i think you were out of the country at the time? marillyn: i was. i was in israel where we were delivering their first two f-35's. david: so what was your reaction to the president of the united states tweeting that you were charging the u.s. government too much? marillyn: first of all, we needed to get those aircrafts delivered. the most interesting thing was that prime minister netanyahu , he was at that event. he asked me about the fact our new president was going to get a better price on those aircraft and maybe he should get a rebate on the ones we were delivering. [laughter] marillyn: so that presented a bit of a challenge. but what was important was to recognize what our president-elect was communicating. he was trying to communicate to the american people that he was going to be -- that he was going to get good deals on the equipm

david: ok.hter] david: so you went from bucknell, you went to new york to be an actor, a stage actor, and you did some tv shows , actually. leslie: correct. david: and if somebody wants to watch "six million dollar man," you're there. leslie: there are a few episodes where i'm a bad guy being chased by lee majors. >> it is all right to slag me. i think it is just a touch of heat. i will just take him inside. he'll be all right. david: six million wasn't your compensation for that, right? leslie: no, it hardly wasn't, no. david: so, when you say ok, i'm not going to be an actor, and you weren't going to be a doctor, how did you decide to get into the other side of television, the production side? leslie: when i was an actor, you know, most of the time as an actor, you're on set, and you're virtually doing nothing. you go there for a 16-hour day and you're probably working about 20 minutes. so i was sort of fascinated with what everybody else did, and i sort of did a quick study on what it was lik

i might very well consider that, david. david: when you do step down, please let me know.have to talk to you. thank you very much. marillyn: thank you. [applause] ♪ jonathan: from new york city, for our viewers worldwide, with 30 minutes dedicated to fixed income, this is "bloomberg real yield." ♪ jonathan: coming up, a shakeup brewing in the european bond market. political risks spreading from italy to spain. treasuries catching a big bid. 30 year yields trading where 10 year yields were a week ago. the central bank finally stepping in, desperately trying to regain some credibility. we begin with a big issue, political risk in europe making a comeback. >> italy is the toughest call tactically here.

david: on the brink.in the middle east rising after israeli strikes on iranian targets inside syria. are israel and iran heading for all-out war? with more from jerusalem, benjamin hall. hi, benjamin. reporter: hi, david, it has been a very busy few days, today there is sense of calm. in the wider country sense there is a shift, pushback against iran who have been encroaching on israel's borders a long time. we saw that in a big way with military strikes, coordinated strikes carried out by israel against iranian targets. the defense minister said they destroyed almost all of iran's military facilities in the country, 70 different strikes targeting 50 military sites. u.s. an russia were notified of he have offensive, hitting iranian military sites and rocket launchers. those were retaliation of iranian rocket fire into the golan heights. iran responded with fiery rhetoric. the supreme leader khatami, with chants of "death to america" and death to israel, warned that tel aviv and haifa will be destroyed if

david: you worked your way up. had 22 different leadership positions, so you must have been moving around a lot. marillyn: i was there about 13 years. 18 months income i was promoted to a supervisor. at the two-year mark, i was put on a development program, great credit to a sponsor, he put me forward for the program. i spent two years rotating around the company. i was manager over all of our production. david: at one point, your husband was unemployed. he got a job interview with the company come and what company was that? marillyn: he surprised me a bit. his company went out of business, so he was looking for a job. we had a five-month-old baby and where hoping he would find a job. it was a tough labor market at the time. he came home and said, i got a job. i sent, where? he said, lockheed. i said, what? why my company? he went to work in the finance department. we did not really cross paths. i was running industrial engineering at that time. for about five years, he retired from lockheed after five years. david

[laughter] david: ok. are an native of india. what part of india? satya: i was born in the central part of india. david: and so growing up, your parents doted on you, i assume? satya: yeah, they did. david: and they told you you were going to be prime minister or something important in the country. what did they want you to be? david: they wanted me to stop playing cricket and take my studies a little more seriously. david: you were an avid cricket player, is that right? satya: yes. that is correct. i was in love with it. david: when did you realize you wouldn't be a professional cricket player? satya: pretty soon. [laughter] satya: quickly i realized at best i would play what is considered perhaps first-class in india, but i was not going to go much further than that. but that is when my dad, in fact -- i remember one of the big decisions that changed my life was -- my entire outlook was so provincial when i look back at it. which is, hey, i want to stay in hyderabad, maybe study economics and political s

david: what about china?es: that is the biggest geopolitical, in my view, challenge facing american s today.ker how we react to the emergence of china as the new global superpower. she is already an economic superpower. i mean as political insecurity. david: our relations with europe seem to be under duress. james: i think it is important for us to understand and recognize that america's founded in large part on its alliance we have alliances around the world that permit us to leverage our economic strength, military strength, diplomatic strength. those alliances are extremely important. -- inake care and feeding feeding. we need to do a better job of caring for them and feeding. david: on the iranian agreement, which you have done the deal that was done under president obama? james: i don't think we should have gotten into that negotiation to begin with. i think it was a mistake. were beginning to bite iran, and i think if we were going to get into negotiations with iran, we should not have done it just on n

david: i am david ingles in sunny hong kong. this is "daybreak asia."ion from north korea has met chinese president xi jinping as speculation swirled the trump-kim summit could be canceled. beijing urged their allied to go ahead, despite recent hawkish comments from washington. may meet inm singapore on june 12. washington is going ahead with the preparation as normal. malaysian police have raided the of -- as they reinvestigate millions of dollars missing from the 1mdb fund. prime minister mahathir mohamed says the fraud is bigger than thought. singapore,eaking to the u.s., sweden, and others. 1mdb.s money was from it was laundered in america. since there was so -- no mention the money was from malaysia, there is no claim on it. we expected to be returned to malaysia. isthe trump administration turning up the heat on the middle east. they are acting in concert with accusing nasrallah of destabilizing the region. hezbollah has frequently clashed with israel and in syria cited with bashar al-assad. al-assad.ith bashar trump's 2017 financial disclosure, h

david: was he a good student?doleezza: i asked him once. , son, youe told me are going to be a ballplayer. if you need to leave early, you go ahead and do that. [laughter] david: your father was a republican. condoleezza: yes, he was. in the early 1950's in birmingham and alabama, that weren't many republicans. the way that it happened is my father and mother before they were married went down to register to vote and the paul tester looked at my father, big, tall man, football player, and said, so how many beings are in this jar? my father could not answer the question. he said, you don't pass the test. my father went back to his church and told the story to the man who was one of his elders, and he said, reverend, don't worry about it. i will tell you how to get registered. there is a clerk who is a republican. to build a is trying republican party. if you say you are a republican, she will register you. my father went down and got registered. he never forgot it. he remained a republican the rest of his life. dav

david: david, really great to have you with us. that is david kelly from j.p. asset management massachusetts. coming up, global cars gears up for a potential ipo. you can listen, to the radio and listen to jonathan ferro and lisa abramowicz in for tom keene. tim fox will join lisa from 9:00 to 10:00. "bloomberg surveillance" can be heard in new york, boston, the bay area, washington, d.c., and all across the united states on sirius xm radio. live from new york and washington, this is bloomberg. ♪ alix: this is "bloomberg daybreak." -- nunn,: coming up, sam nuclear threat initiative cochair from georgia. and now to the bloomberg business flash. the ceo of barclays has survived a year-long investigation with only a fine. rigorous -- british regulars have find him for attempts to unmask a whistleblower. j.p. morgan chase wants to take advantage of the china's latest commitment to open up its financial markets. the bank has a majority stake in a chinese majority center. others have done the same. chinese regulators say they will review the application. apple has qu

david: you negotiated with north korea.ondoleezza: i thought, nothing else has worked, so why not? david: on the iranian agreement. condoleezza: i did not support that agreement. david: what are the qualities you think great leaders have? condoleezza: a sense of humility about what they can achieve. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? if president trump called you and said i need you to come in and help your country, what would you say? condoleezza: i would say, mr. president, there are so many people who can help our country. give me a call if there is anything you want to talk about. david: your name has been mentioned as a vice presidential and pr

david: you took up piano when you were 15? condoleezza: when i was three. david: three.doleezza: the great advantage to learning to play that early. i could read music before i could read. it was like a native language. i have always been a good reader because it is natural to read the notes. david: you played with yo-yo ma. what was that like? condoleezza: i was national security adviser. my secretary said yo-yo ma is on the phone for you. i said, you mean the greatest living cellist? and she said, yes. he was getting a national medal of the arts and wanted me to play with him. we played at constitution hall before 2500 people. it was wonderful, one of the highlights of my life. i wasn't confused, i didn't play with him because i was a pianist, it was because i was national security adviser who played the piano. [laughter] he held up his end of the bargain. david: you into the -- madeleine albright's father was your teacher. condoleezza: he got me into international politics. i went there as a piano major, but graduated with just enough units to be a political science m

david: so you're an only child? rice: yes. david: you were a ballerina?nshad all the known to humankind. some of which i was good at and some which i wasn't. mightfrench lessons, mother decided that every well bred young girl should speak french. at nine years old, i was a drugged off to french lessons on saturday. i had ballet lessons, etiquette lessons. i was of course a pianist. so my parents kept me very, very busy. david: your mother was a schoolteacher? rice: yes, and also a musician. david: and one of her students come i understand, was willie mays? rice: yes. david: was he a good student? rice: i asked him once. he said yes, he told me, my son will be a ballplayer, so if you need to leave a little early, you go ahead and do that. and doesn't sound exactly like my mother, but it's a great story. david: now? rice:, your father was a republican yes he was. in the early 1950's, there weren't many republicans in alabama. so the way that it happened was, my father and mother, before they were nude, what town to register to vote. the protester looked at

david: you don't do it anymore? dr. collins: i do. i started again. david: oh. dr.a wonderful sort of ride. david: do you do a show? dr. collins: i ride my motorcycle to work many days. it is a harley davidson king classic. it is a beast, and it gives you a certain sense of enjoyment of life that is hard to come by other ways. david: let's talk about another part of your life. when you were younger, you were if not an atheist, then an agnostic. how did you transform yourself from being either an atheist or agnostic to somebody who is a committed christian? dr. collins: it does seem like an odd story, doesn't it? well, growing up on the farm, my parents were not opposed to religion. they just did not think it was particularly relevant, so i had no religious background. i got to college, you know those conversations in the dorm about what did people believe. i did not think i believed in any of it. they just did not think it was particularly relevant, so i had no religious background. i got to college, you know those conversations in the dorm about what did people bel

david: dan, have a great memorial day weekend. >> you too, david. david: cheryl?yl: david, here is another look for you at the biggest market story of the day. that was oil, ending down more than 4%. that is the biggest selloff in 11 months, dragging the dow and s&p lower today as well. but all major averages managed to end higher for the week. there is some good news for you. david: turning himself in, disgraced movie mogul harvey weinstein surrending to police, facing charges that could put him behind bars for a very long time. cheryl: and a breakthrough on trade. the u.s. agreeing to a tentative deal with chinese telecom giant zte, but how will it affect the ultimate deal, the one with north korea? steve forbes, forbes media chairman, claudia rossette, independent women's forum, joining us next. they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind.

david: i'm david westin alongside alix steel. are you in the market for a new car? alix: my husband is. david: better by sooner than later. prices are going up. alix: it is not like they are cheap to begin with. in the market,, in the equity markets, going nowhere. euro-dollar up to tens of 1%. weaker dollar story after minutes came out yesterday. a potential government moving forward in italy. in the u.s., action going to be, a steeper curve. buying in the short end, selling in the long end. crude it down by 7/10 of 1%, despite opec ministers in russia, meeting and chatting over the next couple days. david: still over $71. way up. time for the morning brave. ief. at 10:00, existing home sales for the month of april. u.s. treasury auctioning $30 billion in its seven-year notes. time for the first take. columnist. the top story is the announcement overnight the united states is investigating autos. we will show you what is happening. bmw, porscheard, all down. japan, same story. mazda, mitsubishi, quick reaction. there is a lot of hesitance in the marketplace. >> thi

♪ david: she went from working class at st.ohn's university to the head of a publicly traded bank worth more than $10 billion, one of only three women in the u.s. to reach that level. margaret keane is ceo of synchrony financial, the largest issuer of private-label credit cards in america. general electric turned it into -- turn her to lead the spinoff in a 2014 ipo. under her leadership, synchrony's stock has grown 40%, and wall street's most famous investor, warren buffett last year became one of her biggest shareholders. yet, u.s. retailers are shutting stores at a record pace, and margaret keane now has to rethink their business strategy helping stores thrive in an online future and diversify her company beyond retail credit. on this addition of "bloomberg big decisions," margaret keane. david: welcome to "bloomberg big decisions." margaret: thank you for having me here. david: you spun out ge capital. looking back now, is your business better off on its own? margaret: i am so excited. one of the things we have been able to

david? david: fighting against the amazon tax it is called.ttle's largest employers could end up paying millions if the controversial tax passes. what this could mean for if you the tax goes through. that is next. >>> brand new rivers of lava on ha's biggest island as many fear the volcanic damage will get a lot worse. we have a live update from the ground coming up. >> an explosion, pow, pow, pow. things are moving. and the bigger explosions, i have seen rocks fly over the tree line, i can feel it in my body. ♪ learn more or find an advisor at massmutual.com if his denture can cope with... a steak. luckily for him, he uses super poligrip. it helps give him 65% more chewing power. leaving brad to dig in and enjoy. super poligrip. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. david: battling every the so-called amazon tax, the seattle city counsel is set to vote on wheth

david?penney has basically matched estimates. $.25, .2%ter loss of of the post to 2.1%, a big difference, not so good. the first quarter adjusted loss has been $.22. they are right on for adjusted loss. jcpenney about what you expected. alix: this is a double when it because a, jcpenney has an easy comps, so they should have been better, and macy's beat estimates by 320 basis points, so it is a double ma for them, they miss, and in light of macy's easier comps. i want to hear more about the growth margins. david: they are seeing unadjusted loss for the year, $.17, before that, they were $.18. there are losses that they are anticipating. jcpenney now with their earnings, it was not a blockbuster earnings. the stock is down about 5% right now. alix: not a good day for jcpenney. david: exactly. with retail earnings in focus, we will talk with kate of springboard growth capital and also mark collins, columbia business school director of retail and former u.s. candidate to first wordturn news. th

david. david: our own liz claman spent the weekend with warren buffett, spent the last hour of the "countdown to the closing bell." you asked him how he is doing. he said i have never been better. i love to hear that from an 87-year-old. >> he means it. he tap dances to work still. that he is in to what he is doing. i was asking him about succession. he was beaming when he talked about his two vice chairs, ajet jane, greg able. they will split the 63 or so businesses. energy will go to greg able. ajit jain will do the other. he is unbelievable. they had a record-breaking crowd as you sue. people still come even though this is streaming live on yahoo! finance, the saturday meeting which is certainly very interesting. it is not always so much about the state of berkshire. it is how he thinks. he is sort of a horse whisperer of investing. what he thinks of other business leaders. here is what he said about jeff bezos of amazon. >> i made a huge mistake in not getting into it but i make a lot of

david: welcome to "bloomberg daybreak" i am david westin with alix steel. president trump trying to roll back the dodd frank, but i think it is time to go to turkey. alix: apparently really cheap. record low again. but with that finally seeing contagion and the risk off field we are seeing. take a look, futures down by about 17 points, triple digits for the dow, 200 down in the future markets. dollar-yen, 1.0972. has seen then that biggest move, nine-month low. 10 year moving lower by 5%, five basis points, as a lot of buying comes in. strong all over the u.k. in europe, with the exception of portuguese debt. and yields up as much as 13 basis points. /10de rolling over, down 6 of a percent. and crude is holding up well. david: maybe if they could get a government in italy, that might help. alix: apparently a 5:30 p.m. we are getting a press announcement from the president. david: time for the morning brief. at 10:00 a.m., new homes sales for april. $36 billion in five-year notes. at 2:00 p.m., the fed will release minutes from meetings held earlier this mon

david: welcome to bloomberg "daybreak." i am david westin here with alix steel. alix: i read the whole treasury statement and i found it really fascinating. we are seeing reverberations in the market. s&p futures up by 11 points. the dollar stronger, at one point the highest in four months. .he euro climbing up 1/10 of 1% still a lot of longs on the euro. , if you are all bond holder unless you are buying peripherals in europe. is, well we finally ca3 handle on that option? .rude up over 2% it was fascinating yesterday watching the iran announcement. president trump was talking big talk, crude went up. then he talks more conciliatory and oil is down. david: different news organizations had different reports. alix: volatility really low and you have high-yield energy bonds not moving, so there is stability in the longer-term price. david: kind of the story of this presidency. it is time for the morning brief. at 8:30 eastern time, we get the u.s. producer price index. at one :00 this afternoon, the united states treasury sells $25 billion of 10 year notes. at 1:15

melissa: david, what is your take? david: bottom line, it again exceeded expectations. however as you can see after-hours it came down a little. a lot of the expectations, a lot of the beats were kind of worked in, it has been such a stellar quarter for earnings. 80% of companies that reported beat estimates by wild numbers, by 20% in some cases. the market is getting accustomed to a booming economy. that is the bottom line. melissa: good stuff. david: fierce critic of donald trump and vocal supporter of the me too. mo, new york attorney general eric schneiderman now resigning amid a bombshell sexual scandal. we're diving into the details coming up. melissa: plus the decision the world has been waiting for. president trump announcing he is withdrawing the u.s. from the iran nuclear deal after months of criticizing it. longer than that actually. we have all-star guests to react. coming up famed reagan advisor art laffer and lieutenant-general thomas mcinerney. stay with us. ♪ al stood with me when this guy got a flat tire in the middle of the night. hold on dad... libert

david, thank you.ple under mandatory evacuation on hawaii's big island, fleeing area surrounding kilauea now erupting. it is spewing gas and molten lava. fire officials detected high levels of deadly sulfur dioxide in the area. there are no immediate reports of injuries. officials can't say how long the eruption may last. it is clear a lot of beautiful hawaiian homes will go up in snoke. melissa: trump meets kim. the date and time is set. the latest predictions from the white house, coming up next. ♪ >> we're doing very well with the hostages. we're in constant contact with the leadership. we are in constant contact with north korea. we've actually worked out a time and a place which will be announced shortly. david: boy that was news. date and location are set the commander-in-chief confirming these crucial details have been agreed on for his historic summit with north korean dictator kim jong-un. this as south korean national security advisors in d.c. meeting with his american counterpart john bolton

david: david leibowitz, please stay with us.oming up, italy's populace have agreed on a government plan as italian bonds have further worst week in three years. more on that next. this is bloomberg. ♪ david: in italy, the leader of the five-star party announced today that he reached the final agreement with his counterpart head of the league. italian bonds sold off even more on the news as they head toward the end of their worst week in three years. you can see it on the chart that we are putting up. the yield basically shooting up on the btp's, showing how poorly they are doing. ,e welcome now from rome, john who reports on italian politics for bloomberg news. what in what was announced would've triggered this reaction in the bond market? john: basically the main concerns about the impact on state finances and parallel to that is the relationship with the eu and the budget rules there. what is concerning the markets including pledges like what the program calls a flat tax, although it's actually to rates at 15% and 20%, there's

david?now have seen it, that was from "avengers: infinity war," number one at the box office for the second week in a row. it has sold over $1 billion in tickets worldwide, which sets up disney's announcement of earnings tomorrow. shaw and paul sweeney. barton, are you with us? >> i am. david: you told me -- they told me you were not here. he has a neutral rating on disney. i start with lucas. i understand it is not this quarter, but it indicates the extent to which these blockbuster movies have become so important. >> one movie that will be is "black panther." disney rules the box office on most every month. thany has more grosses warner bros., paramount, and one other company at one time. the movie business keeps growing every year. david: how prominent will the movies, the film part of the business, be as opposed to theme parks or television -- or member television? -- remember television? >> the movies are great. that is the best part of disney now. that and the theme parks are doing tre

david: please.n a moment like this, when the exciting stuff is happening you don't say things like that. blake, thank you very much. we have to break for some news about news corp reporting third quarter results. let's go back to nicole with the numbers. hi, nicole. >> david, let's look at earnings per share for news corp right in line at 6 cents. that is the adjusted earnings per share. you look at the revenue, 2.09 billion. that outpaces the estimate of 1.99 billion. we're seeing a revenue rise there. we're looking at quarterly digital real estate services revenue. that is an area of strength for the company, 279 million, versus 219 million. the quarterly publishing revenue 389 million, versus 374 million last year. the third quarter revenue growth was partly offset by lower print advertising and news america marketing revenues at both news and information segments. i will note that news corp is parent of "the wall street journal." also the, we look at dow jones, the "new york post" and also share

melissa: so depressing, i am going to weep, give to david. david: u.s. trade delegation, steve mnuchin seen here meeting tomorrow and friday with leaders in china. chinese officials saying they will not yield too any trade threats made by u.s., we go to edward lawrence, hardball? reporter: very tough talk. topping legals of items -- topping the list of items for u.s., protecting intellectual property. and allow companies to freely sell more often in china. right now you have to have a chinese partner in some sectors. and we have a heavyweight team going over there. you mentioned mnuchin. also u.s. trade representative robert lighthizer, secretary of commerce wilbur ross, and peter navarro and larry kudlow. u.s. got china to table by imposing in part tariffs on steal,, and lu alunl -- aluminug machines and solar panels. >> we're bringing fairness and reciprocity to our table with china. reporter: some expert on china say we need to play hardball more than we are to get chinese to take notice. >> we ought to say they can't invest in united states there are

david: thank you.eek ago, president trump laid out his plan to bring soaring drug prices back to earth. in previewing the plan, his secretary of health and human services promise fundamental change. >> some of them will be very disruptive changing of the entire system concepts we will be laying out, saying we need to have a national debate and discussion about a complete reform of the incentives and approaches in the drug channel system. david: we welcome one of the best members of congress to put this in context, but he carter from georgia -- buddy carter from georgia, the only pharmacist in the united states congress and he knows about drugs. thank you for being here. i want to quote and analysts who says that instead of a final change, this was making some change on the margin we think the industry was moving toward anyway. make for plan fundamental change in the health care system? >> the devil is in the details and is we get more into the implementation, we will see how much impact it can have. he

david: how dare them. melissa: outrageous. david: breaking news. police are responding to reports of shots fired at opry mills maul in tennessee. we're looking to find out more from the developing situation. what we're told about it nashville fire department, one person was shot at the mall. that person was taken to a hospital. no word on that person's condition. we'll bring you updates as soon as they come in. >>> president trump's top trade team sitting down with chinese officials hoping to head back to d.c. with positive results for president, the nation and the world. connell mcshane is live in beijing. 4:00 p.m. here in new york. it must be 4:00 a.m i have been seeing you all day. you must be tired my friend? melissa: nah. reporter: not at all, david. 23 hours with no sleep. that is, the, you're right. it is a little bit after 4:00 in the morning here in beijing. which means traffic finally let up. this city is something else for traffic. we've been watching negotiations at least begin. even though we're here, we like everybody else basically

david: here is david ward, retired i.c.e. agent in charge and former border patrol assistant agent in charge. first, canada, remember canada 15, 20 years ago you said this policy said if you went as a foreigner and said i'm a political refugee, bingo, you get refugee status just like that. it created a lot of problems for the canadians. we have rules and regulations that clearly define what a political refugee is. apparently, this caravan believes they don't have to play by those rules, right? >> well, they're very wrong. most of these individuals are part of this operation by pueblos sin fronteras. david: it means people without borders, getting rid of the borders. >> that's exactly what they did. they recruited all these people, 1500 or whatever, 1500 or so aliens to come into the united states under the premise of claiming asylum. there are a bunch of mexicans claiming asylum into the united states. this is all based on poverty. nothing to do with persecution or their beliefs or anything else. look, we spend hundreds of bi

david? david: a lot of fine tuning. blake, thank you very much. melissa?elissa: here now is retired four-star general jack keane, fox news senior strategic analyst. thank you for joining us. so what do you make of the number two guy coming to new york to speak with the trump team. does that tell you that they want to get south korea out of the middle of this negotiation or china? or what do you read into that? >> first of all, i think they're reacting to the fact that president trump, you know, canceled the summit meeting because clearly he saw that he was being played by kim jong-un. his tone changed. he started to talk about not denuclearizing. china was also a part of that. i think, trying to delay this process, and frankly, the south koreans have been the mediators between the north korea and the united states and the energy that brought about the summit to begin with. i've always felt that they have been minimizing the differences between north korea and south korea. i think one of the reasons this envoy is coming to the united states is they don't wa

david,. david: let's bring in today's market panel. gary b. smith, kadena group and heather zumarriaga, vision four vice president. gary, what is weighing most on markets the role of china might have have played for this or counterreaction what thine is doing. we got word exactly what the president's concerns were about china's role in north korea, throwing a monkey wretch into the whole summit idea on tuesday. let's play the sound bite. >> i will say i'm a little disappointed because when kim jong-un had the meeting with president xi in china, the second meeting, the first meeting we knew about, the second meeting i think there was a little change in attitude from kim jong-un. i don't like that. david: he doesn't like that. gary, i'm wondering if china is going to pay a price? >> you know what? i don't think so, david. i think the bigger takeaway here, i saw today, not the action but what the president did as bullish. i was very surprised the market sold off for one reason. we have the first president in what, 10 years, that actually draws a