that's syndicated columnist marn shield"new york times" columnist david brooks. hello to both of you. so let's pick up on yamiche's reporting, david. all this comes after president trump has beegoing after congressman eligah cummings, going after ltimore, calling it rat infested. ohis just a few days after he went afterur congresswomen of color, "the squad." some people are saying the president's being racist. he says i'm the least racist person in the world. how do you see it and what are the consequences? >> i thi i diagree with the president on that one. you look at who he's attacking. it's one african-american or one persa color after another. it's not dog whistle anymore,t it's straip human whistle. so it is just pulling at this ra aal thing over and ovnd over again, and i don't know how it -- how much it affects people. i know people don'tike political correctness and when he does that i think people really g t a charge out ofhat. but going to clearly racist tropes goes well beyond it. we're walking into george wallace territory, we're wal into very ugly te

columnist mark shields and new york times columnist david brooks. roob let's look at what we just heard from the voters ins andy kim's vot new jersey. you could say they are all over the map but it is interesting, yes, it is a divided district. these voters reall yare divided. . you know, i think impeachment is just this big mess of interruption on our process of government to the extent we have one. and that usually is accompanied by a cultural landslide where people are talking about the issue of impeachment, whereas it is othe front page and watergate it is breaki stoto, the "washipost" and "the new york times" are breaking stories, and as far as i can tell the russia investigation has drifted to the back of a lot of people's minds and so there is a core that sti wants to do it, and over halof the democratic caucus want at least an inqry into impeachment but i just don't feel the ground swell and i do think tha'ssense that lavthis campaign and let's get to the issues is just going to make this peecht thing peter out. >> mark what do you think ofo

that capehart.to brooks and that's "new york times" columnist david brooks and "washington post" columnist jonathan capehart. mark shields is away this week. welcome to you both. thanks for being here. the big topic w thiseeks gun violence was a big topic of conversation. i want to go right to a poll. we heard president trump mention earlier today leader mcconnell is totally on brd wi background checks, that would bring him in line with the rest of the country. this is broken down by party support for universal background checks. the floor is 84% for republicans. do you see this as the moment thathis legislation passes? >> well, of course, the logically you want t yes, but we have been here so many times in parkland and all theav shootings we and haven't quite gotten there. how can something with that kind of support even withic republs not pass? first the tabla has a zero compromise policy that we won accept compromise, we're just holding the line and for 25, 30n years, it's b working for them. second, people care about guns et the week after sng like this happens and then you ask them to

david brooks and jonathan capehart are here to break down the political response to mass shootings in el paso and dayton, as well as the lates20from the campaign trail. all that and more on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: >> ordering takeout. >> finding the west route. >> talking for hours. >> planning for showers. >> you can do thes you like to do with a wireless plan designed for you. with talk, text and data. conser cellular. learn more at consumercellular.tv >> babbel. a language program that teaches real-life conversations in a new language, like spanish, french, german, italian, and more. >> the ford foundation. working with visionaries on the frontlines of social change worldwide. >> and with the ongoing support of these institutions and friendof the newshour. >> this program was mad possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> nawaz: president trump expressed hope today tt he'll be able to persuade republicans r back stronger background chec

>> i think what you're showing from david brooks gets to a bigger question we've all had since 2016. there's a camp of people who i think tend ton overread what trump pulleda uh in 2016 and a camp of people who maybe tend to underread it. but what brooks is essentially saying there is you've got bloi blow up the entire playbook to a man who lost the popular vote by 2.8 million votes and is only president because he stitched together a 75,000 vote pluralality across three states. you can't have an insider, the joe biden to democrats is don't overthink this. i can make up 75,000 votes in michigan, pennsylvania, wisconsin and then that's it for donald trump. so that's one theory. now there are san entire different theory there's new polarization and knew tribalism that trump brings about. but trump didn't win by ten points. he didn't win by the popular vote. >> there's a real nervousness among democrats, look, they still wake up in the middle of the night with hives remembering what it was like the day after the election. and they're so afraid that that's going to happen again that i wo

mark shields and david brooks are here to analyze president

david brooks and jonathan capehart are here to break down the political response to mass shootings in el paso and dayton, as well as the latest from the 2020 campaign trai

separate, david brooks has a new book out which i find very interesting and he talks about the good that comes out of suffering. and that is the story. and the high purpose involve the rights brothers father told them it is doing a life of worthy purpose. he never worried how they would make many and that was never on their mind much. and again those old values of truth don't lie or cheat or get too big for your britches. be loyal to your friends and your church and family and country and make yourself useful. the cutler establishes a school the whole third floor atop the parsonage to create a private school he was the schoolmaster. and the theme was to be useful. all of that is so fundamentally true and obvious we cannot forget it. so if i had to confess i would be a short-term pessimist in a long-range optimist and i think history shows that. it reminds us so vividly not only what could happen of cruel or unkind or disastrous or costly but what superb accomplishments can be made and it should remind us to be written about not just as policy in the military politics are very important.

suffering, david brooks has a new book out which i find very interesting and he talks about the good that comes out of suffering. and that is a story. in the high purpose involved their father told them that the good life was in doing work of purpose, worthy purpose. he never worried about how they were going to make money and things like that and that was never on their mind much at m a. and again, the old verities, the old values tell the truth, don't lie, don't cheat, don't get big too big for your britches. be loyal to your friends and your cause injured church andds your family and your country. and try to make yourself useful, vanessa cutler established a school and built a hold third four on top ofes the parsonage n massachusetts. to create a school, a private school. not only the minister of the church but the schoolmaster. and the theme of the school was to be useful. and all of that is so fundamentally true and so obvious but we tend to forget it. now, i had to confess or fess up, i would say i'm a short range, short-term pessimists with a long-range optimist. i think histo

. >> guest: no, they would only talk to david brooks one time five years out and never again to any other journalist. the harriss have spoken to no one. but i've talked to people who are close to klebolds. they had a really rough time, but they lost a son too. and they also had a mass murderer in their house and, of course, that's terrible for them. and they were taken by surprise. so they were sort of grieving two different ways. their pastor referred to them early on as the two loneliest people in the world because, you know, unless you think of the parents of charles manson or jeffrey dahmer or someone like that, they don't have anyone who understands what they're going through. they're in uncharted territory. but they had a lot of great friends. their pastor, who's also in the book, is a wonderful man. >> host: mark housen? >> guest: wonderful. everyone in the area has looked up to him. he lost his job, essentially, because he supported the klebolds and did their, did dylan's funeral. >> host: tell us about dylan's funeral. >> guest: okay, dylan's funeral. first of all, it was very pr

david brooks is away. and hello to both of you on this friday night. we've got a lot going on and a lot to talk about. mark i'm goingu.o start with at, $75 billion of americanina goods, somewhat expected t then the president unleashed a barrage of critical simple -- cn china but slapping new tariffs on more than $500 billion worth of chinese goods. he was attacking the chairman of the federal reserve and often and on. what are we to mcke muh it? >> i wish i knew, judy, i wish i knew. it's a perrmanceewof staggering instability more than anything else. look, you look at the president attacking, his own chairman of the federal reserve. and comparing this,aying th st his damage to the united states greater threat than that of chairman xi. quite honestly, china is a human rights abuse of historic dimension, the million people, muslims in reeducation camps, religious persecution is so unfair unjust and unaccurate.bu that larger sense domestically, it's unnerving tos the unitates, to those who want to invest in the country, to expand.they're looking forant p

brooks, a good friend of peets and mine, made a brilliant insight. his previous books, road to character. google will measure a word usage, he plugged in different words. interestingly, words that talk about either services you -- virtue, community or character, had been in a rapid decline. words that were economic, individualistic, about power, have surged. and the church is not immune to this, one of great insights of the book 1984 that our language often controls our politics, but our thoughts. it is difficult to have a thought for which one does not have a word. and words that we use over and over also guide ways that we think as well as what we think about. and the ways our neighbor think, we maybe our most important point, we -- we root the great problems of our country only in politics we buy into a way of thinking that is not helpful. we talk primarily in language of winners and losers, who owns whom. you know when snark attack was mostly that will -- lethal, he has goods, who is winner? we buy into a way of understanding the world which is a

mark shields and david brooks are out. we are so grateful both of you are here. kern, karen, i want to ask, leth upre lisa left off, why aren't some of these high profile dems running for the senate? >> it's so interesting.al it's pract like these days running for president has become your safety school. the fact is that chuck schumer habeen left at the altar in a number of states, not byjust as lisa said beto o'rourke, but in georgia he wanted stacey abrams to take on a sene race as well, and the stakes are really, really high because, even if the democrats can manage to get back the white house next year, if mitch mcconnell is still the majority leader in the senate, they are just not going to get a lot of things done, and they have a path to the ma it is a very, very narrow path, and their senate candates are not really raising enough money now in parset beche presidential race is taking up so much oxygen. >> reporter: what th pitch like to potential candidates to come jin a grid locked body. >> that's true but it's also an election cycle for democrats. it sho

brooke: and everybody is trying to compete against netflix. taylor: david, you nailed this. you were looking at the story this morning. you nailed this call. david: brooke sutherland, thanks so much for being with us. coming up, we have u.s. cpi numbers. this is bloomberg. ♪ taylor: this is "bloomberg daybreak." i'm taylor raikes and for alix steel. we are awaiting cpi data. we are talking a lot about global risk overseas. you are seeing that filter out in the u.s. market. seeing a .2% drop in the s&p today. it is all about those small caps . domestic stocks being hit the hardest. underperformance relative to large docs on year to date on the one-year basis and some of the nervousness from europe as well with a 1% drop in the dax. we have breaking news. david: the cpi numbers. month over month there up .3% and the survey was .3%. -- if you energy translate year-over-year it is as opposed to a survey of 1.7%. energy cpi ex food and is probably the one that that 2% --at more, to part 2.2%. does this change anything for the fed? chetan: i think these are lagging indicators. w

join us online and again here tomorr evening with mark shields and david brooks on a republican challenging the debate narrows theratice next field. for all of us at the ord see you soon..k you >> major fundinghe pbs newshour has been provided by: >> babbel. a language learning app that uses speech recognition technology and teaches real-lifa convons.ag in a new lan like spanish, french, german, italian, and more. babbel's are available as an app, or online. more informati on babbel.com. >> consumer cellular. financial services firm raymond james. >> and with the ongoing support of these institutions and friends of the newshour. >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbr statio viewers like you. thank you. captioning sponsored by newshour productions, llc d captio media access group at wgbh access.wgbh.org >>> hello, everyone, and w wcome to "amanpour and company." today we're looking back at some of our favorite interviews fr this year, so here's what's coming >> all your apps. >> so much power, so ny complaints. shouldia

david brooks reported in 2017 that a bunch of republicans came out of a meeting with donald trump explained some signs that were similar to the early stages of alzheimer's. you've got reporting i think from phil's newspaper, from axios and other places that in and out of the rooms people either disparagingly or affectionately are saying at an increased clip, he's crazy. >> you know, there's pervasive reporting and disregard and if it was grandpa, you would probably take him to see a neurologist or someone who specializes in geriatric medicine. that hasn't happened here -- >> that we know of. >> that we know of is right. the remedy is the 25th amendment and that requires an intact cabinet which trump does not have, whether by design or not, most of the cabinet is acting and there's no will to take that on in any event. >> so there's no will to fill a cabinet with the kind of appointees that have that power. i would pause that there's not a lot of will to have this conversation but when it shows up in black and white in the hard copy print of "the new york times," it's impossible for me to ig

join us online and again here tomorrow evening when mark shields and david brooks give their take on the 2020 race.r l of us at the pbs newshour, thank you and see you soon. >> major funding for the pbs newshour has been provided by: >> babbel. a language program that teaches spanish, french, itali german, and more.bb ba's ten to 15 minute lessons are available as an app, or online. more information on babbel.com.c >>onsumer cellular. >> financial services firm raymond james.on >> and with thing support of these institutions >> this prram was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsor by newshour productions, llc captioned by media access group at wg access.wgbh.org >> you're watching pbs. martha stewart: are you eager to learn how to update your favorite recipes with better for you ingredients from the modern pantry? then you won't want n miss this seaso "martha bakes." join me in my kitchen where i'll teach you how to transform everything from traditional cakes, ds pies and

join us online and again here tomorrow evening when mark shields and david brooks give their take on the 2020 race. for all of us at the pbs newshour, thank you and see you soon. >> major funding for the pbs newshour has been provided by: >> babbel. a language program that teaches spanish, french, italian, german, and more. babbel's ten to 15 minute lessons are available as an app, or online. more information on babbel.com. >> consumer cellular. >> financial services firm raymond james.>> nd with the ongoing support of these institutions >> this program was ma possible by the corporation for public broadcasting. and by contributions t pbs station from viewers like you. thank you. captning sponsored by newshour productions, llc captioned by media access group at wgbh access.wgbh.org >> you're watching pbs. >>> hello everyone, and welcome to "amanpour & co." here's what's coming up. >> 30,000 people dying while the health care industry makes tens of billions of dollars in profit. >> health care at the center of the democrats' bid to unseld dotrump, but should they fix what exists or go

it was a very smart david brooks column the other day about how all of the democratic candidates are kind of in the weeds and they're not talking about this moral threat to america. and beto is. and that's very compelling. >> i do think aaron blake, one of the things garrett said that makes you perk up is he's actually decided to be who he is and to talk about how he's really feeling. imagine that. i'm assuming that speech was not focus grouped. >> yeah, i can't speak to that. i don't know how much calculation there was involved in this but i think generally speaking beto o'rouke, different candidates have different strengths. some of them are very good at triangulation. some of them are very good at raising money, and some of them are very good at kind of emoting and connecting with audiences. i think we see that certainly to some degree with joe biden when he's speaking on stage. you see the passion from him. i think if there's another candidate who can do that, it's beto o'rouke. if he's going to make a splash in this race, he's probably going to do what he's naturally good at and

ever since david brooks wrote in 2017 republican senators emerged from a closed door meeting with donald trump and some thought the fact he repeated himself over and over again he displayed early signs of alzheimer's, in my brain that stuck out as something to come back to. i remember when bob corker made a valiant effort -- i worked for republicans for 20 years. they say things in private they do not say on shows like this. corker was saying -- you're smiling, you know those be true. >> donald trump does not display the confidence for this office or stability. he's now a retired senator from tennessee. i guess what i see in the reporting are undeniable proof points the instability is having dangerous repercussions. >> the last time i was on the show with you i was holding back tears and traumatized what i was witnessing. it's like the people there, i told you, they are making the connections here. what does it take? the people were saying, we just lost 22 people because a president took on el paso. at the same time, this is again bringing it back to politics. i know we will talk about p

join us online and again here tomorrow evening with mark shields and david brooks on a republican challenging the president in 2020 as the next debate narrows the demratic field. for all of us at the and see you soon.nk you >> major funding for the pbs newshour has been provided by: >> babbel. a language learning app that uses speech recognition a technolo teaches real-life conversations. in a new langue, like spanish, ench, german, italian, and more. babbel's 10-15 minute lessons are available as an p, or online. more information on babbel.com. >> consumer cellular. financial services firm raymond james. >> and with the ongoing support of these institutions and friends of the newshour. >> this program was made possible by the corporation fort public broadg. and by contributions to your pbs station fr viewers like you. thank you. ni capt sponsored by newshour productions, llc media access group at wgbh access.wgbh.org martha stewart: are you eager to learn how to update your favorite recipes with better for you ingredients from the modern pantry? then you won't want to miss this season of "ma

david: brooke sutherland, bloomberg opinion columnist, thank you for being with us. coming up, the latest on u.s.-china relations with the peters institute for international economics senior fellow. this is bloomberg. ♪ nejra: this is "bloomberg daybreak." alix steel is off today. u.s. futures the negative territory. still seeing red after they were in positive territory throughout the asian session. european giving up gains of 1%. the sentiment after installation of tensions in hong kong and an extrapolation of what that might mean for u.s.-china trade tension. the 10 year yield low 170. -- the 10 year yield below 1.7. dollar strength is the story in fx but weaker against the yen. oil on the back foot but not as much -- not as big of a loss as you are seeing earlier. speaking of hong kong, the turmoil escalating. authorities canceling flights following violent protests. the airport announcing it is working to reschedule flights from 6:00 a.m. local time. airport isfrom the our reporter. talking about rescheduling flights, does that mean people have started to take

i'm telling you, if you sort of marshal all of the evidence, david brooks wrote in 2017 about a group of republican senators with medieval trump because he displayed early signs of alzheimer's. if you look at the reporting of this trip, reporting on the speech, the rally where he forgot what he said. i'm not a doctor but if you want to make that case and do the work of putting together all of the evidence, it's a compelling case to republicans i'm old enough to remember who used to care about the person who served as commander in chief. >> and rule of you law. nicolle, thank you. >>> when we come back, can joe walsh break through about trump's fitness? a new national poll shows two progressives in a tie with biden. th biden. like the old "tunic tug". you know it, right? but i don't have to, with always discreet. i couldn't believe the difference. it's less bulky. and it really protects. watch this. the super absorbent core turns liquid and odor to gel, and locks it away. so i have nothing to hide. always discreet. for bladder leaks. billions of problems. sore gums? bleeding gums? pain

brooke: i do still eat cereal. i had cheerios this morning. david: very personal. lisa: do you still eat cereal? david: about 4:30 in the morning. lisa: i grew up on lucky charms. i'm not saying i'm healthy. brooke: every now and then you want to have your lucky charms. lisa: indeed. david: brooke sutherland, thank you so much for being here today. , we speak with the gm cfo. lisa: meanwhile, if you're heading into your car, tune into a bloomberg radio across the serious xm channel 119 and on the bloomberg is this a bp. -- on the bloomberg business app. this is bloomberg. ♪ lisa: this is "bloomberg daybreak." i am lisa abramowicz. alix steel is on assignment. not getting much action ahead of the u.s. open. s&p basically flat, dow basically flat. europe is up. you can see you have yields unchanged. the dollar at the highest level, the strongest of the year. you have the euro, and you have the pound the weakest since 2017. let's head over to you for a special interview. david: general motors announced its second-quarter earnings about an hour ago. reporting on adju

this is a guy -- he is as david brooks said in "the new york times," he's a force and the only way the democrats are going to beat him is with an equal force. >> well, i mean, we have become so numb to the way that donald trump behaves and when you watch a rally it's worth pausing to recognize that the president of all the united states and all of these cities is trashing the cities over which he presides. whether it's los angeles or san francisco or baltimore. but he knows politically he's not going to win those places so he's made a calculation he can go after it to stoke up the people in the crowd and stoke up the people who voted for him last night. i think it's interesting to mention how low the bar has gone for trump. let's see if he asks the public the -- the group in front of him to chant send them back. about the united states citizens, about united states congresswomen and when he does don't that everyone says oh, good, at least he didn't do that. that's the president of the united states and people are acting grateful that he didn't let the crowd chant send them back. >> a g

brooks if you are in the audience he said i want give you a job and that was the big break. >> he gave you a job? >> sadly i was not in the audience. [laughter] >> i was literally out, i was hired by pbs to interview and if you go to youtube, you will see 21-year-old with big glasses and show socialist, i argue the point, he destroys in about 6 words and the camera lingers on my face as i try to think of something to say. >> what did you do when you graduated? >> i worked for a year, best job i ever had and then i covered chicago politics for something called the city news bureau in chicago journal, that was harold washington, first black mayor come in, the council wars. >> did you get a job at buckley eventually? >> i covered poverty on the south and west side and i thought i was seeing a lot of bad social policies ahead of unintended consequences of making probably worse and that may be more conservative and i called buckley up and said is the job still there and he said yes, and moved to new york. >> worked for national review? >> totally shock, you forget how buckley was, he lived

that will be david brooks talking about his newest book, the second mountain, the quest for a moral life. in the meantime, we're pleased to have join us here on our set at the convention center, david treuer, the author of this book, the heartbeat of wounded knee, native america from 1890 to the present. mr. treuer, describe the united states in 1890. >> guest: describe the united states in 1890. start with the hard question. why you have to make so it tough? 1890 was a really important time, really strange time. both for americans generally but also native americans in particular. the frontier was declared officially closed. the reservation system was officially in full swing. it was a time of great change but it was sort of the beginning of what we think of as modern america. and the end of what we think of as native american bought those thing were untrue. >> why do you 1890 to by that dividing line. >> 1890 was the year of arguably the last conflict, armed conflict between native folks and the american government. at the massacre another wind knee in south dakota where between 150 an

david brooks. the guys purport to be republicans in fact all they do is trash the republican party. that is why they got their gigs. ainsley: it is interesting, said these people are not fit for polite society. >> right, right. >> people who support president trump, they're not fit for polite society. why is that polite for her to say that, talk about burning down? go ahead. >> why is it okay for maxine waters to say whenever you see a trump cabinet member, form a crowd, let them know they're not welcome anywhere, anymore. all donald trump did about the squad was tell them to leave the country. they're telling trump supporters to leave the world. they're not welc anywhere, anymore? this thing is trump derangement syndrome. there is no cure for it. steve: it's a sad commentary that the two sides are so polarized. >> it is. more people believe that donald trump is racist than believe that george wallace was racist back in 1968. george wallace, said segregation now, segregation tomorrow,ç segregation forever. more people believe donald trump was morassist than george wallace. 86% of

david: rachel evans and brooke sutherland, thank you very much for being with us today. you can find all the charts we just used and more by running gtv on your terminal. you can browse the recent features or save your favorite charts. go to gtv . shah, up, more with seema principal global investors chief strategist. this is bloomberg. ♪ ♪ renita: this is "bloomberg daybreak." a new owner for the brooklyn nets. executive vice alibaba'sas taken -- executive chairman has taken control of the club. walmart boosted its full-year out club -- its full-year outlook spike in escalating trade war with china. shares rose as much a 7% thursday, the most intraday since august. ceo has resigned, and the board has accepted his resignation. the chief customer officer and executive director have also resigned. this comes after months of anti-beijing demonstrations in hong kong. in recent days, protests have taken over cathay pacific's main hub, the hong kong airport. that is your bloomberg business flash. much. thanks so that is a big story because it is not just a very imp

fiscal & monetary policy at the brookings institution. david, welcome back. >> good to be here. as we just mentioned, last time we looked, idecember, t fed was raising interest rates. now they're lowering the why? >> they have three reasons. one is that they've made ain mistakecember. the economy isn't as strong as icipated.ant two, they're worried inflation is too soft. they expected inflation to be ving towards their 2% target, and it hasn't moved there quite as effectively as they had hoped. >> that's prices going up. prices going up. it's hard to believe the fng tro get inflation going up. for old-timers like us, th seems like an impossible thing. we're used to the fed doiheng opposite. the third thing is they're worried about risk to the globac omy, not so much the united states, but chairman powell mentioned china and europe and so made clear, and he said this several times, that trade tensions, president trump's trade war is hurting the economy largely because it's depressing business spirits a business investments, so, in a sense,

i feel likeing brooke is touching on but also what david did is it could always be worse, right? the car tariffs is a reiteration of where we were. what is the risk of overreaction in the market? jason: there is always a risk of overreaction. we have to contextualize how big these impacts are. the impacts are in the ballpark right now, i would probably put the impacts at .5% to .6% of gdp , which in the context of an economy growing at 2.5% is a manageable number. it is still causing the slow down. it is meaningful but not enough to throw us into a recession. it references the market numbers. if you read the report, it was reported -- the data was contextualized at being contraction, but really being something that indicated a 1.5% gdp growth rate for the economy. the services side is catching the other side of the equation. a lot of what we are talking about this not talk about the services side of the economy. isx: what i find interesting we learn on days like this what is priced in and what is not. i am looking at soybeans. another 5% increase in tariffs, up.eans are brooke: t

david: the model three. gina: trying to ramp up --brooke: trying to ramp up production and making sureing ue standard. alix: the broader issue is tesla is not a car manufacturer. they are not a manufacturer. ford is. gm is. but they are not a manufacturer. they might not be able to many factors solar panels. that's ok. you've just got to admit it. brooke: it's an idea factory. alix: totally. how do you value an idea factory? brooke sutherland, thank you very much. target shares set to open at a record after posting better-than-expected earnings. the haves and have-nots of retail, coming up. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus g

webster is a professor of history at bishop's university joins us now live from much of brooke in quebec good to have you with us david what's your overriding thought then on this the 20th anniversary of east timor's vote for independence well i think it's. overall thought is a success story the east timorese people 20 years ago today voted massively for independence as you've mentioned the events leading up to that are a group of big surprise that it's an unlikely state it wasn't supposed to go that way in 1975 the indonesian army invaded indonesia and next timor leste as its 27th province and for 24 years the international community whether politicians diplomats journalists academic experts they all said team reason dependence was a lost cause that it could never become independent that was impossible and yet it did the team mobilized on a whole variety of fields to seek their independence of the restoration of their independence that they declared in $75.00 their international supporters mobilized around the world and eventually want to diplomatic victory over the in the nation diplom

david: concerns about tariffs and trade? brooke: dollar general says all of the tariffs are factored into their guidance so far for the year, but that also assumes they are going to be able to mitigate and offset the impact of the tariffs, which raises the question about price increases. when you start raising prices, how does the consumer ultimately respond? they raised their same-store sales guidance for the year, but looking at a range that would imply a slowdown in the back have of the year in the third and first quarters -- the third and fourth quarters. alix: how lean are these guys if they wanted to offset in different ways than cost cuts? brooke: they don't have a lot of cushion because most of what they sell is lower margin consumables. food, groceries, basic household goods that don't give you a lot of profit margin to begin with. dollar general has been pushing more into home goods and party goods to try and bolster their margin, so you could see some price increases their, but they are trying to launch this and d

david: stay with us if you would, please. joining us to discuss home depot is brooke sutherland. analysts took down their expectations, and the stock is going up. brooke: the stock is going up because they maintained their earnings guidance, and i think that was a little bit of a relief to investors. they did take their sales guidance down, and part based on deflation. they are worried about what is going to happen with trade. it is not often you see companies adjust guidance because of potential impacts in the future. but that lumber division is actually one of their lower margin units, so to see the sales hit, actually helps their profitability. investors are relieved to see the defensiveness of home depot, that even if you get a bit of a sales slow down, you can maintain the momentum. david: at the same time, same-store sales were below expected. brooke: because you can't quite charge as much for the lumber, and then they are worried if we start to see some of this manufacturing slowdown slip into the consumer sector, but right now they are seeing pretty good momentum. deals c

brooke: they did not. it was unclear why philip morris would be making this news particularly with the regulatory uncertainty rounding juul -- surrounding juul. vaping's take away users from cigarette companies. morris is trying to -- they see an opportunity to prevent the cannibalization of their market share, but you're also taking on a lot of risk. the news today is another reminder of the issues that juul faces. jonathan: everything you point out -- alix: everything you point out is valid, but does it matter? when your international sales is going down, when altria struggling for growth, you do not have a choice. brooke: you have to hunt the growth where you can find it and that is why you're seeing them pursue the merger despite all the rest. if anyone -- despite the risk. if anyone has experience with regulation, it is the tobacco company. you are facing a number of hurdles. the ftc is also looking into juul's marketing, and they have significant sway. remember the joe camel ads that rj reynolds had

joining us is brooke sutherland. i had to look it up, it is the old get net stations -- the old gannett stations. brooke: it is. . of course, gannett is selling itself to new media. a may be selling itself to apollo, merging it with koch media and northwestern broadcasting. david: this is an interesting possible merger that is not so much about saving costs as it is having more at the bargaining table. brooke: there are some cost cuts involved in this, but it is about having more negotiating leverage because of the sheer amount of consolidation we seem. if you look at the deals at&t has done over the years, that tells you why we are seeing consolidation at this level with tv stations. alix: why now versus before? there's been a lot of consolidation. brooke: the fcc actually change the rules come i no longer cap -- change to the rules, and no longer cap ownership levels at -- cap ownership of the same levels. you have seen that unleashed a wave of consolidation. tribune sold itself to next are, star, had already -- to

brooke: it is, but you are starting to see cracks there. even in japan, which has traditionally been positive for cigarette sales, you are starting to see people move away from that as health care concerns rise overseas. maybe they see more growth opportunity in the u.s. with the rise of these nontraditional cigarettes. there is also an opportunity to take the i code and expanded overseas. phillip morris has the infrastructure to do that. l has only made marginal inroads internationally, but that is contingent of this being allowed by regulators to go forward. alix: brooke sutherland, great deep dive. thank you very much. puerto rico is prepping for a storm. if you live in florida you need to pay attention. more on what i watching, next. if you are jumping into your car, turn on bloomberg radio heard across the world on sirius xm channel 119 on the bloomberg business app. this is bloomberg. ♪ alix: here's what i am watching. puerto rico and tropical storm dorian. theou take a look at function that shows you all tropical storms, picking up

. >> david sanger with the scoop, thank you very much. >> great to be with you, brooke. >> one woman's story about using her child to gun violence made 2020 presidential candidate andrew yang break down in tears. we'll play his response for you are and i will speak live with a mother and gun owner in iowa who is fighting for tougher gun laws. at fidelity, we help you prepare for the unexpected with retirement planning and advice for what you need today and tomorrow. because when you're with fidelity, there's nothing to stop you from moving forward. because when you're with fidelity, my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum. i felt completely helpless. trashed online. my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you are under attack, i recommend calling reputation defender. vo: there's more negativity online than ever. re

/china trade war joining us now brookings senior fellow david dollar to talk currencies you must get that a lot. >> i've got the right name for the topic. >> yes, you do better than -- i don't know. the lira, the yen, something like that. and economist torri whiting. david, do you see some type of sort of a neutral outcome to what happens in hong kong now? i see all kinds of scary scenarios on this. >> i agree with you. it's very scary. i think it's hard to see a neutral outcome. the hong kong authorities are really dug in. they suspended consideration of this controversial extradition bill but they really need to withdraw it they need to set up -- probably carrie lam has to resign there are things they could do to diffuse the situation they don't seem to be moving in that direction, so the protests continue on. i think the assembly on the other side of the border, i think plan "a" is to scare the protesters a bit if things get out of hand and plan b is going to be to descend into military, that's going to be a disaster. >> tori, your view and what does it mean for managing the curre

david: the third story we are going to turn to his walmart. they came out with earnings a little less than an hour and a half ago. we are joined by brooke sutherland, bloomberg opinion columnist. if walmart has anything to say about it, this is going to be pretty good. brooke: this is a strong quarter from walmart on all fronts. same-store sales coming in ahead forecastce, raising for the full year. they are not seeing any type of slowdown in demand, a big contrast with the manufacturing world. one thing i thought was interesting was they were saying in terms of price increases, they were able to use their scale to mitigate the impacts of that and avoid price increases on things like food, where people are more sensitive. that contrasts macy's comments yesterday, saying they had difficulty pushing their price increases, specifically in housewares. taylor: the ceo said inflation for their consumers was benign."ly if that consumer doesn't feel those infection or pressures yet. brooke: that's the question, can we keep any slow down contained to m

four-time major tournament winner, he's the number one right now, brooks kepka to talk about the big business of golf ahead of playoffs there. david is here on trade, and then bill clinton's former chief of staff chairman mat mccarthy joining us to talk 2020 and hawaii congressman presidential candidate tulsi gabbard is here. a lot to come, don't miss 3 hourht