Boris Johnson tells business leaders Tories will end Brexit uncertainty


Last week, it was announced that
the rate of unemployment has fallen to the lowest level since 1974 and yet,
there is something very frustrating about this recitation of triumphs because
it is only half the story of an economy that is still not achieving what it could. Like a formula one super car, green,
super green, super car, of the kind of which this country of course,
excels that is only firing on half its cylinders with so much more natural energy
waiting to be unleashed. The country is being held back, let’s be clear,
by politics and by parliament, that for the last three and a half years,
has simply failed to discharge it’s basic promise made umpteen times to honour the
mandate of the people and deliver Brexit. And that is why we must
have this election now. I don’t want an election in December
and in the normal circumstances, nobody does but we have no choice. We must get Brexit done. We have to clear
this parliamentary blockage in this dynorod election. What this does is it gives, which I think
is what everybody wanted in particular – certainly what I was trying to achieve –
is it gives business complete stability and certainty about the arrangements
that we have with our friends and partners in the EU as we make the transition in January.

Mark Cuban weighs in on Trump re-election amid impeachment talks


VERY MUCH. BLAKE BURMAN AT THE WHITE HOUSE. WE’LL GET A SET OF THE LAND THIS, IS THE LAST DAY OF THE MONTH, THE LAST DAY OF THE QUARTER. IT HAS BEEN A SO SO MONTH AND A SO SO QUARTER BUT A OFF THE CHARTS YEAR FOR MAJOR MARKET AVERAGES. I DON’T KNOW IF YOU’RE A BILLIONAIRE, THAT YOU CHART THIS THING TICK BY TICK. I SERIOUSLY MARK CUBAN DOES. HE IS A BILLIONAIRE MANY TIMES OVER, AND OWNS DALLAS MAVERICKS WHICH I UNDERSTAND IS A GREAT BASKETBALL TEAM. HE IS OUR SPECIAL GUEST THIS HOUR. HE HAS A LOT OF THINGS HE COULD BE DOING BUT DECIDED TO SPEND AN HOUR WITH ME, WHICH IS WORTH THE PRICE OF ADMISSION. MR. CUBAN, THANKS FOR COMING.>>THANKS FOR HAVING ME, NEIL. NEIL: WHEN YOU SEE ALL THE STUFF GOING ON, POLITICS BACK AND FORTH, IMPEACHMENT BACK AND FOURTH YOU’RE NOT INVESTING TICK BY TICK?>>NO. NEIL: WILL THE MARKETS DON’T LIKE THEY HAVE A FUNNY WAY OF SHOWING THAT, WHAT DO YOU THINK?>>OVER THE LONG TERM, COMPANIES WILL DO, STOCKS WILL REACT TO THE COMPANY’S PERFORMANCE BUT OBVIOUSLY WHEN THERE IS A LOT OF UNCERTAINTY COMPANIES HAVE TO PAY ATTENTION THEN, PLAN ACCORDINGLY. THAT IMPACTS THE STOCKS PRICES SHORT TERM. NEIL: IN TECHNOLOGY WHERE YOU MADE YOUR FORTUNE, VERY GOOD TIMING INVESTMENTS AND BUYING OF COMPANIES AT KEY MOMENTS, THAT IS GOING TO BE A TOUGHER CALL IN THIS ENVIRONMENT. DO YOU BUY THAT?>>IT DEPENDS ON THE COMPANY. IF YOU ARE SELLING EQUIPMENT, WANT TO SELL TO CHINA, WANT TO SELL GLOBALLY, YOUR SUPPLY CHAINS ARE AT RISK, YEAH IT MAKES A BIG DIFFERENCE. IF YOU’RE DEVELOPING SOFTWARE, AN APP PRIMARILY IN THE UNITED STATES IT IS JUST NOISE. NEIL: YOU AND THE PRESIDENT HAVE HAD SORT OF THIS, WOULD I CALL IT A TEMPESTUOUS RELATIONSHIP.>>I WOULDN’T SAY THAT. SOME DAYS WE’RE FRIENDS, SOME DAYS WE’RE NOT. NEIL: YOU HAD SAID A FEW MONTHS BACK, AROUND THE TIME WE CHATTED THAT YOU STILL THINK ODDS ARE THAT HE WOULD GET REELECTED?>>DO YOU STILL FEEL THAT WAY?>>I THINK IT IS CHANGED, CHANGED CONSIDERABLY. I’M NOT TRYING TO HANDICAP IT. WHEN SOMEONE ASKED ME THREE MONTHS AGO, FOUR MONTHS AGO, I SAID ON THAT DAY HE WOULD HAVE WON. I THINK NOW THERE IS UNCERTAINTY. YOU SEE THAT HOW HE RESPONDS TO THINGS. NEIL: WHAT DO YOU MEAN BY THAT?>>HE DOESN’T SEEM TO HAVE THE SAME CONFIDENCE LEVELS IN THE PAST. CALLING PRESIDENT OF UKRAINE. IF YOU’RE COMPLETELY CONFIDENT THERE IS NO REASON TO CALL HIM TO ASK FOR A FAVOR ABOUT A POLITICAL OPPONENT WHETHER OR NOT IT WAS A FAVOR. THERE IS NO REASON — NEIL: DO YOU THINK THAT THERE IS HIGH CRIME OR MISDEMEANOR, IMPEACHABLE OFFENSE?>>I DON’T KNOW. I CAN’T MAKE THAT JUDGMENT. WE HAVE POLITICIANS THAT DRIVE THEMSELVES CRAZY. NEIL: I LIKE A GUEST THAT SAYS I DON’T KNOW. I MADE A COO REAR ON THAT. THERE IS A LOT OF AJITA TERM GOING ON AN ITALIAN TERM.>>I KNOW IT VERY WELL. NEIL: THEY’RE NERVOUS, FEELING PRESSURE, SHOULD THEY BE? WHAT MAKES THIS DIFFERENT THAN SOME OTHER ISSUES?>>IF YOU’RE CALLING A FOREIGN LEADER AND EVEN DISCUSSING A POLITICAL OPPONENT THAT REFLECTS SOMETHING. I DON’T KNOW EXACTLY WHAT HE WAS TRYING TO ACCOMPLISH. ONLY HE DOES, BUT WHY WOULD YOU DO IT IN THE FIRST PLACE? THAT IS THE QUESTION WE DON’T HAVE ANSWERS TO. MAY BE A ONE-OFF, HE WAS CURIOUS, SOMETHING THAT CAME INTO HIS MIND AT THE TIME OR MAYBE PART OF A BIGGER ISSUE. MAYBE HE IS FEELING THE HEAT. MAYBE HE IS CONCERNED ABOUT THE ELECTION IN 2020. AGAIN I DON’T KNOW, OVER TIME WE’LL FIND OUT. THE REAL QUESTION IS, IF HE IS UNCERTAIN AND CALLING FOR, BECAUSE OF THAT UNCERTAINTY WHO ELSE DID HE CALL? IF YOU’RE UNCERTAIN ABOUT AN ELECTION, WHETHER YOU’RE LOOKING FOR HELP OR NOT HE IS SOMEONE TO CALL OTHERS TO ASK QUESTIONS. HE ALWAYS WANTS TO CALL PEOPLE AND GET FEEDBACK. NEIL: RIGHT.>>MAYBE HE WAS JUST DOING THAT BUT WHO ELSE IS HE CALLING? NEIL: YOU HAVE A HORSE RACE IN YOURSELF YOU ARE A DEMOCRAT AT YOUR CORE.>>NO, FAR FROM BEING A DEMOCRAT. NEIL: YOU DON’T LIKE THE PRESIDENT. YOU DIDN’T WANT HIM.>>NOT THAT I DON’T LIKE HIM I DIDN’T THINK HE WAS BEST CHOICE AT THE TIME. NEIL: BUT VOTE FOR HILLARY?>>WHAT? NEIL: DID YOU VOTE FOR HILLARY?>>YES I DID. IT WAS MORE THAN I DIDN’T LIKE TRUMP AT TIME. NEIL: HAVE YOU GUYS TALKED?>>WE DISAGREE ON SOME THINGS AND THINGS WE DISAGREE ON I DON’T BRING UP AND HE DOESN’T BRING UP. IF IT WERE UP TO ME I WOULD GET ALL POLITICAL PARTIES. THAT IS A BIG SOURCE OF AT JITA. EVERY PLAYS FOR THEIR TEAM. EVERYBODY IS A BANDWAGON FAN. WE DON’T TALK ABOUT THE ISSUES. FUTURE PRESIDENTS IT WILL BE DIFFICULT TO OFFER SOME TYPE OF LEADERSHIP BECAUSE WE’RE SO EXCITED ABOUT OUR OWN TEAM AS OPPOSED DOING WHAT IS RIGHT FOR THE COUNTRY.>>IS THE LAST TIME YOU TALKED TO THE PRESIDENT? YOU CAN WHISPER?>>I THINK FOUR OR FIVE WEEKS AGO. NEIL: BEFORE THE LATEST DUSTUP.>>YEAH. NEIL: YOU THINK THAT CHANGED THE COMPLEXION OF THE DATE?>>IT HAS CHANGED THE CALCULUS OF THE FUTURE ELECTIONS AND GENERAL DEBATE ABOUT POLITICS, YES. NEIL: LET ME SWITCH GEARS ON THAT, MARK, IF YOU DON’T MIND. A LOT OF BUSINESSMEN HAVE BEEN SAYING THIS IS THE REASON WHY THEY’RE HOLDING BACK ON THEIR CAPITAL SPENDING PLANS, THE REASON WHY THEY’RE NOT HIRING OR — IT SEEMS LIKE WHAT RETAILERS USED TO SAY IF THEY HAD A BAD QUARTER BLAME IT ON THE RAIN. THEY NEVER CREDITED THE IT ON THE SUN.>>RIGHT. NEIL: A LOT OF THAT IS EXCUSE MAKING. WHAT DO YOU THINK?>>DEPENDS ON THE COMPANY. IF YOU HAVE A GLOBAL SUPPLY CHAIN YOU NEED TO BE PAYING ATTENTION. IF YOU DO BUSINESS WITH CHINA OR LIKE TO DO BUSINESS WITH CHINA YOU NEED TO BE PAYING ATTENTION. IF YOU’RE BUYING AND SELLING T-SHIRTS MADE IN CHINA OR VIETNAM AND YOU HAVE A GLOBAL SUPPLY CHAIN YOU — NEIL: DO YOU HAVE ANY BUSINESS IN CHINA YOURSELF?>>ABSOLUTELY. I HAVE A COMPANY THAT SELLS BIKES, GUARDIAN BIKES. THEY HAVE SURE STOP TECHNOLOGY THAT THERE IS ONE PART THAT IS EXCLUSIVELY MADE IN CHINA AND SO WE CAN’T SWITCH OUR SUPPLY CHAIN. IT IS THE ONLY PLACE WE CAN GET THIS ONE PART. NOT LIKE WE CAN MOVE TO VIETNAM, WE CAN’T MOVE IT BACK TO THE UNITED STATES. ON TOP OF THAT WE’RE PAYING TARIFFS. WE’VE APPLIED FOR WAIVERS. WE HAVEN’T HER BACK YET. NEIL: WHO IS GOING TO DECIDE THAT? IF IT IS THE PRESIDENT YOU MIGHT NOT GET THAT.>>MIGHT NOT. THAT IS A BIG IMPACT FOR SMALLER COMPANIES IN PARTICULAR. NEIL: BUT YOU HAVE DIFFICULTY DEALING WITH CHINA? YOU HEAR THEY HAVE ROUGH ROUGHSHOD OVER U.S. INTERESTS AND U.S. CEO COMPANIES YOU HAVE TO PRACTICALLY GIVE THEIR FIRSTBORN FOR THEM TO DO BUSINESS WITH THEM. DO YOU SHARE THAT?>>THERE ARE CHALLENGES DOING BUSINESS IN CHINA NO QUESTION ABOUT IT BUT YOU KNOW THAT GOING IN. THE BIG QUESTION WHAT IS THE ENDGAME. IF PRESIDENT XI CALLED UPS YES, YES TO EVERYTHING, PRESIDENT TRUMP, THE ANSWER IS YES, THEN WHAT HAPPENS? YOU COULD MAKE THE ARGUMENT IF WE COMPLETELY OPEN UP CHINA WILL WE MOVE MORE FACTORIES TO CHINA NOW. IF WE’RE SELLING A LOT MORE TO CHINA, IT HAS A LOT MORE PEOPLE THAN WE DO, WHY WOULDN’T FACTORIES JUST MOVE THERE BECAUSE IT IS MORE CENTRAL — NEIL: A LOT OF THEM THROUGHOUT THIS, EVEN BEFORE PRESIDENT TRUMP CAME INTO OFFICE WERE SLOWLY HEDGING THEIR BETS IN THE REGION MOVING TO VIETNAM AND THAILAND THAT TREND WILL LIKELY CONTINUE.>>THAT DEPENDS WHAT HAPPENS. IF PRESIDENT XI SAYS YES, ALL THE ROADBLOCKS ARE GONE NOW THE MARKET IS OPEN UP TO ALL AMERICAN BUSINESSES IT IS NOT LIKE MORE FACTORIES WILL OPEN IN THE UNITED STATES. IT IS THE EXACT OPPOSITE. NOW ALL OF SUDDEN IF PRESIDENT XI SAYS, YOU KNOW WHAT? WE’LL RESPECT ALL AMERICAN IP. NOT LIKE COMPANIES DON’T DO ESPIONAGE. THAT ESPIONAGE JUST MOVES TO A DIFFERENT LOCATION, IF YOU WERE, DIFFERENT FOCUS. I THINK WE HAVE TO BE CAREFUL WHAT WE ASK FOR, REALLY FOLLOW THROUGH ON THE CONSEQUENCE WHAT IS WE’RE TRYING TO ACCOMPLISH. NEIL: LET ME GET YOUR TAKE ON A SEPARATE DEVELOPMENT GETTING HEADLINES OUT OF CALIFORNIA WHERE THEY’RE MOVING TO PAY COLLEGE ATHLETES.>>RIGHT. NEIL: NCAA DOES NOT FOLLOW THAT MOVE. CALIFORNIA IS AN INCUBATOR FOR THIS. HOW DO YOU FEEL ABOUT THAT.>>NCAA ONE IS A MESS. THEY’RE A BIG SORT OF THE PROBLEM. THEY’RE VERY BUREAUCRAT I CAN. THEIR INTERESTS ARE THE NO REALLY ALIGNED WITH ALL THEIR SCHOOLS. CERTAINLY NOT ALIGNED WITH PLAYERS INTERESTS. SET THAT ASIDE, WHEN IT COMES TO PAYING PLAYERS AS EMPLOYEES YOU HAVE TO ASK YOURSELF WHAT HAPPENS IF THEY GET FIRED? WHAT HAPPENS IF YOU WANT TO FIRE THEM? DO WE WANT TO FIRE STUDENT ATHLETES? YOU’RE NOT GOOD ENOUGH? YOU WILL LOSE YOUR SCHOLARSHIP? WE’LL CUT YOUR PAY? HOW DOES RELATIVE PAY WORK? I THINK I DESERVE MORE. I’M THE QUARTERBACK. NO, I’M THE OFFENSIVE LINEMAN I DESERVE MORE. NEIL: YOU AS A TEAM OWNER, THE MAVERICKS OWNER ARE YOU MORE OR LESS INCLINED TO LOOK AT A CALIFORNIA COLLEGE ATHLETE WHO MIGHT AUTOMATICALLY COME IN WITH A HIGHER PAY REQUEST BECAUSE HE IS GETTING PAID A LOT AT THE STATE LEVEL AND COLLEGE LEVEL.>>IN THE NBA THERE IS UNIONS. THAT MAKES OUR LIVES A LOT EASIER. NEIL: WOULDN’T MAKE SENSE?>>NO. WITH KIDS IN BASKETBALL THEY DEVELOPED SUCH FOLLOWINGS ON SOCIAL MEDIA THEY ARE BRANDS BEFORE THEY GET TO US. LOOK AT ZION WILLIAMS. HE HASN’T PLAYED A GAME IN THE NBA BUT EVERYBODY KNOWS HE WHO IS. NEIL: IF THIS GOES NATIONAL, IT IS NOT OUT OF THE QUESTION OTHER STATES PURSUE IT. I DON’T KNOW LEGALLY IF THEY CAN, THEN WHAT?>>I DON’T KNOW. I THINK, MY GUESS IS, THIS IS ONLY A GUESS THE NCAA MAY IMPLODE AS IT APPLIES TO FOOTBALL. YOU MAY SEE THIRD PARTIES COME IN WITH A LOT OF MONEY, YOU KNOW WHAT? THIS IS ABOUT THE CASH. YOU NEED TO FOCUS ON YOURSELF AS A SCHOOL AND ECONOMICS AS AN ATHLETIC DEPARTMENT, LET US INVEST IN YOU. EXTRACT YOURSELF FROM THE NCAA. GO WITH OTHER SCHOOLS AND WE’LL CREATE OUR OWN ORGANIZATION AND CREATE OUR OWN ECONOMICS BECAUSE NOW IT IS ABOUT THE MONEY. WE’LL BE BRUTALLY HONEST ABOUT IT. WE WILL PAY THE ATHLETES. FOCUS THIS ON A TRUE BUSINESS. THE NCAA DOESN’T ALLOW THEM TO RUN IT AS A TRUE BUSINESS. LIKE I SAID THE INTERESTS OF THE NCAA AS AN ORGANIZATION ARE NOT

Amazon denies claim it boosts its own products


DAVID: AMAZON PUSHING BACK IN WALL STREET JOURNAL ARTICLE THAT IT CHANGED ALGORITHM TO BOOST ITS OWN PRODUCTS, QUOTE, WE HAVE NOT CHANGED CRITERIA TO RANK SEARCH RESULTS TO INCLUDE PROFITABLE, WE FEATURE PRODUCTS THAT CUSTOMERS WILL WANT WHETHER THEY ARE OUR OWN BRANDS OR SELLING PARTNERS. JOINING US KIRK, CYBER, GUY, REGARDLESS THE ARTICLE IS RIGHT, DOES AMAZON HAVE THE RIGHT TO DO THIS?>>WELL, THAT’S THE QUESTION, DAVID, GOOD MORNING TO YOU, WE ARE TALKING ABOUT ALSO, LOOK AT THE STATEMENT FROM AMAZON, THEY’RE RIGHT, THEY DIDN’T PUT IN SPECIFICALLY PROFITABILITY INTO THEIR ALGORITHM, INSTEAD WHAT THE JOURNAL ARTICLE SAYS IS THEY WERE MANIPULATIVE, THEY PUT IN FACTORS THAT WOULD LEAD UP TO YIELDING A MORE PROFITABLE MARGIN FOR ITEMS THAT WOULD PROPAGATE TO THE TOP WHICH TENDED TO BE AMAZON BRANDED PRODUCTS AS WELL AS THIRD-PARTY PRODUCTS THAT HAD VERY, VERY STRONG PERFORMANCE, THEY HAD GREATER PROFIT MARGINS AND THEY SOLD A LOT OF, THE JOURNAL ARTICLE IS ABSOLUTELY CORRECT THAT THIS IS GOING ON BECAUSE THE RESULTS ARE THERE AND EVIDENCE CAME OUT THAT INTERNALLY AT AMAZON THE ATTORNEY INVOLVED IN THE CASE, AT LEAST ONE OF THEM HAD BEEN OUTSPOKEN ABOUT NOT PUTTING BECAUSE OF WHAT HAPPENED TO GOOGLE IN 2017 AND THE EU WHERE THEY PAID 247 — 2.47 EURO FINE, AMAZON SHOULD JUST BE OUT FRONT ABOUT THIS AND YOU AND I SHOULD HAVE EXPECTATIONS THAT WHEN WE SHOP AT AMAZON AND WE TYPE IN I’M GETTING DAVID A BRAND-NEW IPAD THAT THE AMAZON GENERIC VERSION OF THE IPAD DOESN’T COME UP — DAVID: EUROPEAN REGULATORS ARE DIE TO GO GET MORE OF REVENUE OR LIMIT THEIR GROWTH IN EUROPE, GIVE THEIR OWN COMPETITORS MORE OF A CHANCE TO COMPETE WITH AMAZON. I THINK THEY’RE AFRAID OF THE EUROPEANS AND THAT’S WHY THEY ARE PUSHING BACK THIS HARD.>>WELL, THAT’S HOW IT STARTED, I BELIEVE, NOW THE WALL STREET JOURNAL HAS OPENED IT UP TO WHAT NOW IS BREWING IN THIS COUNTRY NOT JUST FROM THE 50 DIFFERENT STATES THAT HAVE SIGNED ON WITH THEIR ATTORNEY GENERALS HAVING CONSOLIDATED BEING RUN BY TEXAS FOR ANTITRUST ISSUES BUT ALSO CONGRESS TAKING UP THIS ISSUE WITH ALL BIG TECH, AMAZON SHOULD BE FRIGHTENED, THEY SHOULD — IT SHOULD WORRY THEM AND AT THE END TO HAVE DAY IT COMES DOWN TO THIS, HOW COME WE CAN’T HAVE SOMEBODY, SOMEONE THAT WE CAN TRUST THAT AMAZON IS WILLING TO SHARE ALGORITHM WITH AND GOOGLE IS WILLING TO SHARE ALGORITHM WITH — DAVID: I THINK IT’S THE FEAR OF EUROPEAN REGULATORS THAT DOES EVERYTHING, THAT’S WHAT’S