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tv   Bloomberg West  Bloomberg  July 25, 2016 11:00pm-12:01am EDT

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about, and must be about, the needs of the american people. >> [cheers and applause] sen. sanders: and the kind of future we create for our children and our grandchildren. >> [cheers and applause] sen. sanders: this election is about ending the 40 year decline of our middle class. >> [cheers and applause] thatsanders: the reality 47 million men, women, and children today live in poverty. it's about understanding that if we do not transform our economy, our younger generation will likely have a lower standard of living than their parents.
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endingection is about the grotesque levels of income and wealth inequality in america today. >> [cheers and applause] sen. sanders: it is not moral, it is not acceptable, and it is not sustainable, that the top 1/10 of 1% now owns almost as much wealth as the bottom 90%. >> [booing] top sanders: or that the earnedrecent years, has 85% of all new income. that is unacceptable. that must change.
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>> [booing] sen. sanders: this election is about remembering where we were seven and a half years ago, when president obama came into office after eight years of republican trickle-down economics. >> [cheers and applause] sen. sanders: the republicans want us to forget that as a result of the greed, recklessness, and illegal behavior on wall street, our economy was in the worst economic downturn since the great depression. >> [cheers and applause]. sen. sanders: that is where we were. that is where we were. month wereple a losing their jobs, 800,000 people. we were running up a
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record-breaking deficit of $1.4 trillion, and by the way, the world financial system was on the verge of collapse. that is where we were when president obama came into office. well, we have come a long way in the last seven and a half years, and i thank president obama and vice president biden. >> [cheers and applause] sen. sanders: i thank them for their leadership in pulling us out of that terrible recession. yes, we have made progress, but i think we can all agree that much, much more needs to be done. >> [cheers and applause] this election is about which candidate
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understands the real problems facing this country, and has offered a real solutions. >> [cheers and applause] sen. sanders: not just bombast, not just fear mongering, not just name-calling and divisiveness. we need leadership in this country which will improve the lives of working families, the children, the elderly, the sick, and the poor. we need leadership which brings our people together and makes us stronger. applause] and sen. sanders: not leadership which insults latinos and
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mexicans, insults muslims and women, african-americans, veterans, seeks to divide us up. >> [cheers and applause] sen. sanders: by these measures, any objective observer will conclude that, based on her ideas and her leadership, hillary clinton must become the next president of the united states. >> [cheers and applause] sen. sanders: the choice -- >> [cheers and applause]
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[chanting "bernie"] sen. sanders: this election -- this election -- this election is about a single mother, a single mom in nevada who, with tears in her eyes, told me she was scared to death about the future, because she and her daughter were not making 5/hour she$10.4 cent was earning. this election is about that woman and the millions of other workers in this country who are struggling to survive on totally inadequate wages. >> [cheers and applause] sen. sanders: hillary clinton understands that if someone in
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this country works 40 hours a not behat person should living in poverty. >> [cheers and applause] sen. sanders: she understands that we must raise the minimum wage to a living wage. >> [cheers and applause] and she iss: determined to create millions of new jobs by rebuilding our crumbling infrastructure, our roads, bridges, water systems, and wastewater plants. >> [applause] sen. sanders: but her opponent, donald trump, well, he has a very different point of view.
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he does not support raising the federal minimum wage of $7.25/hour, a starvation wage. >> [booing] trumpanders: while believes in huge tax breaks -- >> [booing] sen. sanders: -- huge tax breaks for billionaires, he believes that states should actually have the right to lower the minimum wage below $7.25. sisters, this election is about overturning citizens united. >> [cheers and applause] sen. sanders: citizens united is one of the worst supreme court
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decisions in the history of our country. >> [cheers and applause] sen. sanders: that decision allows the wealthiest people in america, like that billionaire koch brothers -- >> [booing] sen. sanders: -- to spend hundreds of millions of dollars buying elections, and in the process, undermines american democracy . >> [booing] sen. sanders: hillary clinton will nominate justices to the supreme court who are prepared to overturn citizens united. >> [cheers and applause] sen. sanders: and end the movement toward oligarchy that
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we are seeing in this country. >> [cheers and applause] sen. sanders: her supreme court appointments will also defend a woman's right to choose. >> [cheers and applause] workers rights, the rights of the lgbt community -- >> [cheers and applause] the needs of -- minorities and immigrants, and the government's ability to protect our environment. >> [cheers and applause] sen. sanders: if you don't believe that this election is important, if you think you considered, take a moment to think about the supreme court justices that donald trump would nominate.
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and what that would mean to civil liberties, equal rights, and future of our country. about theion is thousands of young people i have met all over this country -- >> [cheering] [chanting "bernie"] sen. sanders: -- the thousands that i have met who left college deeply in debt and tragically the many others who cannot afford to go to college. campaign, primary secretary clinton and i both focused on this issue, but with somewhat different approaches. recently, however, we have come willher on a proposal that revolutionize higher education in america. >> [cheers and applause]
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sen. sanders: it will guarantee guarantee, that the children of any family in this country with an annual income of $125,000 a year or less, 83% of our population, will be able to go to a public college or university, tuition free. >> [cheers and applause] sen. sanders: that proposal also substantially reduces student debt. >> [cheers and applause] election is: this about climate change, the great
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environmental crisis facing our planet. >> [cheers and applause] sen. sanders: and the need to leave this world in a way that is healthy and habitable for our children and future generations. >> [cheers and applause] sen. sanders: hillary clinton is listening to the scientists who tell us that unless we act boldly to transform our energy system in the very near future, there will be more droughts, more floods, more acidification of the oceans, more rising sea levels. she understands that we can create hundreds of thousands of jobs, transforming our energy system. >> [cheers and applause]
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sen. sanders: donald trump will, like most republicans, he chooses to reject science. [booing] sen. sanders: he believes that climate change is a hoax; no need to address it. hillary clinton understands that a president's job is to worry about future generations, not the profits of the fossil fuel industry. >> [cheers and applause] campaign is: this about moving the united states toward universal health care. >> [cheers and applause] and reducing the number of people who are uninsured or underinsured. hillary clinton wants to see that all americans have the right to choose a public option
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in their health care exchange. >> [cheers and applause] sen. sanders: she believes that anyone 55 or older should be able to opt into medicare. >> [cheers and applause] sen. sanders: and she wants to see millions more americans gain access to primary health care, dental care, mental health counseling, low-cost prescription drugs, with a major expansion of community health centers. >> [cheers and applause] sen. sanders: and what is donald trump's position on health care? no surprise there, same old contempt for working families. he wants to abolish the affordable care act, thro 20 million people off of health insurance -- >> [booing]
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sen. sanders: -- and cut medicaid for lower income americans. >> [booing] sen. sanders: hillary clinton also understands that millions of seniors, disabled vets and others are struggling with the outrageously high cost of prescription drugs. and the fact that americans pay the highest prices in the world for the medicine we use. >> [booing] sen. sanders: she knows that medicare must negotiate drug prices with the pharmaceutical industry. >> [cheers and applause] and that drug companies should not be making one out in profit when of five americans are unable to afford the medicine they need. he greed of the drug
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companies must and. end. >> [cheers and applause] sen. sanders: this election is about the leadership we need to pass comprehensive immigration reform and repair a broken criminal justice system. >> [cheers and applause] it's about making sure that young people in this country are in good schools and in good jobs, not rotting in jail cells. >> [cheers and applause] sen. sanders: hillary clinton understands that we have to invest in education and jobs for our young people, not more jails or incarceration. >> [cheers and applause] in theseers:
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stressful times for our country, this election must be about to bringing our people together, not dividing us up. >> [cheers and applause] sen. sanders: while donald trump is filthy, insulting one group after another, hillary clinton understands that our diversity is one of our greatest strengths. >> [cheers and applause] sen. sanders: yes, we become stronger when black and white, latino, asian-american, native american, when all of us stand together. >> [cheers and applause] sen. sanders: yes, we become stronger when men and women, young and old, gay and straight, nativeborn and immigrant, fight
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together to create the kind of country we all know we can become. >> [cheers and applause] no secretrs: it is that hillary clinton and i disagree on a number of issues. that is what this campaign has been about. that is what democracy is about. >> [cheers and applause] sen. sanders: but i am happy to tell you that at the democratic platform committee, there was a significant coming together between the two campaigns, and we produced by far the most progressive platform in the history of the democratic party. >> [cheers and applause] sen. sanders: among many, many other strong provisions, the forcratic party now calls
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breaking up the major financial institutions on wall street. >> [cheers and applause] passage ofs: and the a 21st century glass-steagall act. >> [cheers and applause] it also calls for strong opposition to job killing trade agreements like the tpp. >> [cheers and applause] sen. sanders: our job -- [laughter] right.
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we have got to make sure that tpp does not get to the floor of the congress in the lame-duck session. >> [cheers and applause] our job now is to see that strong democratic platform implemented by a democratic-controlled senate. >> [cheers and applause] sen. sanders: by a democratic house and a hillary clinton presidency. >> [cheers and applause] sen. sanders: and i am going to do all that i can to make that happen. >> [cheers and applause] i have known
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hillary clinton for 25 years. i remember her as you do, as a great first lady who broke precedents in terms of the role that a first lady was supposed to play, and she helped lead the fight to universal health care. >> [cheers and applause] sen. sanders: i served with her in the united states senate and know her as a fierce advocate for the rights of children, for women, and for the disabled. >> [cheers and applause] sen. sanders: hillary clinton will make an outstanding president, and i am proud to stand with her tonight. thank you all very much. >> [cheers and applause] >> ♪ >> the anti-establishment
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candidate from vermont that lost the nomination to be the democratic presidential nominee to hillary clinton, and we have heard the clearest expression yet of the distinction of two americas, one characterized by donald trump, and a very different america defined by elizabeth warren and, just now, bernie sanders. bernie sanders really outlining that the competition for the white house now is about equal rights, about women's rights to their bodies, about diversity, and it is about protecting the america that they have defined versus the other america that donald trump defined in his rnc speech. let's cross over to bloomberg politics reporter, live in philadelphia at the dnc. kevin, will sanders's speech
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help unite the party against the backdrop of those damning e-mails? >> senator sanders had a tall order heading into his speech tonight, clearly with the dnc leaks as well as the notion of keeping the transpacific partnership; many of his supporters disappointed in the choices tim kaine as running mate. in he largely hit tpp hard his speech tonight. he said that it is no secret that he and hillary clinton disagree, but he said there was a coming together of the democratic platform committee, and he specifically targeted that tpp, going further than senator elizabeth warren, who is very popular among the more leftist, progressive, socialist base. the question becomes, is it enough for sanders supporters, many of whom are inside this
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very convention hall, very disgruntled at the notion of not but alsodnc leaks, that hillary clinton has not gone as far as they would hope to oppose tpp, which we both know, donald trump has also made a central portion of his campaign in opposing the transpacific partnership. >> absolutely. a very important issue that we are watching here in asia. i want to talk about the unification at the dnc. we had a blockbuster for wikileaks. how are the bernie people accp t epting that tonight? have they dennis waged by bernie sanders -- have they been assuaged by bernie sanders's speech? >> to be candid, i thought i was in cleveland when i heard chance of "lock her up," there were sanders supporters chanting that in the convention hall.
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but the bottom line is this -- we heard from first lady michelle obama, we heard from senator elizabeth warren, then we heard from bernie sanders. a lot of pressure on all of these folks to unify the party. but clinton sources i am talking with our confident that they will be able to unify this party coming out of this convention, but clearly debbie wasserman schultz, who hasn't stepped down as the chairwoman of the democratic national convention, whether or not that is good enough for this progressive base really, truly remains to be seen. >> kevin, quickly, what are people watching out for? >> well, tomorrow we are going to hear from former president bill clinton, and this is someone who we all remember, obama has dubbed his "explainer in chief." he will get into the specifics of policy and what hillary clinton would do. a lot of political theater. >> absolutely right.
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thanks for watching the drama for us, live at the dnc. you are washing "asia edge," plenty more to come after this short break. this is bloomberg. ♪ [hip hop beat]
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♪olympics 2016, let me get you on my level. ♪ so you never miss a moment, ♪ ♪miss a minute, miss a medal. ♪ ♪ why settle when you can have it all? ♪ ♪soccer to wrestling. track and field to basketball. ♪ fencing to cycling. diving to balance beam. ♪ ♪all you have to sa♪ ♪ is, "show me," and boom it's on the screen♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ show me the latest medal count♪ ♪xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games.
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>> welcome back, you are watching "asia edge." top stories, asian stocks repaired from early losses after a record. the topics is down for a third straight day while japan is planning a stimulus package that includes $57 billion in spending. the chinese stocks have jumped the most in two weeks with volatility at a two-year low. china shares have surged as much as 7% at signs of a turnaround after the las vegas company reported a dip in revenue. overall sales missed analyst estimates, and they are pushing
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ahead with their newest resort, due to open in september. and bernie sanders has told the democratic convention it is no contest, that hillary must become the next u.s. president. it comes after his plea to supporters to avoid protests on the floor. are seeking to present a united front following the resignation of the party chair. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. this is bloomberg. let's get the latest from the markets; for that, we go to juliette. juliette: as you were saying, we are seeing the debt in jack theanese equities, nikkei coming back after the lunch break down 1.4%, a little bit more than the losses that it went in on, but certainly a stronger yen is weighing in on the export companies, the likes
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of toshiba coming under pressure. afternk is a standout sprint came through with its numbers in the u.s. it also had a pretty bullish sayingom th nimura, arm will be positive. having a look at the shanghai market, it's lunch break, but we are seeing chinese stocks climb the most in two weeks, and the 10 day volatility measure is at the lowest since 2014. this time last year, we were seeing violent price swings on the shanghai market, but today there has been some upside from a lot of those mining companies. here in hong kong, also a very solid session led by the casino sands china, doing very well, up almost 7%, galaxy also doing well. this is a good comeback back after the fall we saw on the hang seng index during monday's
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trade. last week we saw it in their market territory. in australia, weakness in the crude price weighing on stocks. it's encouraging to see new zealand holding onto the record highs it reached during monday's session. having a look at the key players we have been watching in the region, been tendo coming under more pressure, down by 1.4%. this is after the company itself said the impact of pokemon go is likely to be limited. it comes through tomorrow. sands china is looking quite good; we actually have a fairly bullish jpmorgan on sands china. some resultsseeing early today. a quick look at the impact of the crude price, particularly on asian currencies, we have seen the malaysian ringgit going down quite significantly, by about
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2/10 of 1% at the moment. the japanese yen, of course, very much in focus as we see the weakness in japanese equities. it's up about 1% at the moment against the dollar. 104.80 after touching 106 during monday's session. angie: all right. juliette mentioned pokemon go, weighing on nintendo. didn't think we would say that, especially after the huge gains, but now we are seeing a warning that pokemon go won't increase its earnings. for this, we go to tokyo. let's take you to our asia tech reporter, reed stevenson. what's going on with nintendo's stock? reed: it's also important to note that nintendo is still up since pokemon go was first released early in july.
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the issue here is that nintendo go wasaid that pokemon going to be a huge boost to earnings. all the stakes that it has in the company that developed pokemon go were out there for investors, but sentiment got ahead of things, and you can't really blame people, given the social phenomenon that pokemon go has the,. -- has become. been tendo doused some water on the fire by reminding people that there wasn't going to be a material impact from pokemon go, forecastsurrent already reflect some of what we have seen so far. nevertheless, given the almost doubling of nintendo's shares over the past week, it has given up their games by the worst drop in 26 years yesterday and a little bit more today,, and as we know, they will report
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tomorrow, and that will give us a sense of what else they might have in the pipeline that could help field more profits on top of the marginal benefits they will get from pokemon go. angie: it's interesting that they decide to do that ahead of tomorrow's earnings, but as you said, what can we expect from nintendo to prop up its shares and keep investors excited? reed: the key thing to remember is that nintendo has been late to the game when it comes to smartphone apps and games. you don't play super mario brothers game or zelda game on your iphone or android. there is still a lot of potential there. they tendo has promised that they will come out with five new titles by the end of next year. we know some details about them, but not all, so that's a backup plan, if you will, that nintendo
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can pull out. they will also come out with a new console, and if it is 2008,ng like the wii in nintendo can possibly justify its current valuation. there is still a lot of moving parts. we are getting a little more color tomorrow, and the rest will depend on how well nintendo can execute on top of the momentum that has been built with pokemon go. angie: go, go pokemon. thanks very much. reed stevenson, live from tokyo. billionaire chairman robin williams pulled out of talks to take control of the video streaming service etv after failing to reach an agreement on price and structure. we have haidi lun here taking a look at why it sellthrough. it follows from intense shareholder activism. haidi: that's right. the talks began in february, when we had that $2.3 billion
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offer. the criticism came from one shareholder activist, that this was turning out to look like a sweetheart deal for the ceo. it's a conflict -- he sits on both sides of the deal, on baidu, and looking to buy out -- it came to a head when the partners who holds some shares sent an open letter to r atn lee, seeing it valued $520 billion, comparing it to the other streaming service in china. they are saying this is looking like he's profiting at the expense of baidu shareholders, who could profit from greater valuation from the company, saying that the short-term upside is minimal when you compared to the longer-term
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benefits of keeping a hold on the asset. it's asking the real concern, regulatory changes in china. haidi: that's the other side of the argument. it's not just, or not even just the shareholder activism behind this. he's saying one of the ideas was to spin off age and to listed in the mainland, given that it is still a -- it needs to start making money first, however he does say that in the future, keeping a handle over this kind of business means that i do look -- that baidu will make huge investments in i.t.. itse: ok, but what about drive to cut costs? this has got to be a setback. haidi: absolutely, a $2.3 billion cash injection. baidu has been going through a
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transition, trying to diversify. it's been burning through cash not just on streaming,, but other businesses. driverless cars, internet services, as they tried to get away from the main search business. they also had a setback when it comes to internet advertising revenue. in may, the government in china opened up a fairly controversial investigation after the university student who died. his family said we were seeking treatment based on the ads they found on baidu. dent, which means they couldn't accept advertising from certain drugmakers. throughue not coming from these pharmaceutical brands was a big part of it, so certainly not being able to spin off, getting that injection, they will have to work out some other way of making -- angie: a a lot of layers to
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this. haidi lun. checking in on some other stories. a man armed with a knife has killed at least 15 people and injured 45 others in a home for disabled people i near tokyo. a 26-year-old man is under arrest after turning himself in. the motive has not been established, but police told nhk he used to work at the facility. the philippine president has used his first state of the nation address to promise prudent economic and fiscal policies, to create jobs and lift people out of poverty. the push to cut personal and corporate taxes, handling it much stronger. the benchmark has jumped 12% since he was elected in may. china ordered its major internet
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companies to stop all original views reporting. government wants absolute control over information online. caninternet regulators say send has seriously violated regulations. sources say online news services can only carry reports provided by government controlled media. up, reading for the word. japanese stocks are down for a third straight day as investors anticipate boj action. we will discuss the likelihood of movement, next. this is bloomberg. ♪
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angie: a quick check of the business flash headlines. regulatory chiefs have found strong action to repair reputational damage done by the scandal. the managing director says the
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city failed to meet its own high standards after not properly controlling money laundering. regulators will investigate transactions linked to 1mbd admit accusations that billions of dollars were involved. annning to expand as -- impact of the china slowdown. the world's largest publicly itded jewelry chain insists gave rough diamonds to other retailers and is already looking at feasibility. the hong kong-based retailer sunk 46% last year as the demand for luxury goods fell. amc raised its offer to buy premiumcinemas, a 32% over their stock price before the deal was first announced. it's going to buy a billionaire,
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who was hoping that the new offer will remember carmichael shareholders. shares of both companies fell in new york trading. welcome back. joining me is rishaad, you on, tom, and our senior vp from td americatrade. i was just a lowly reporter in th chicago. it has been five years. lots of change in the global stage. we just heard from bernie sanders, we just heard from donald trump a couple days ago. which america do you agree with? >> there are two very stark characterizations. >> very stark. i will give you the view from the lens of our clients. they're split. them thathalf of think we need a lot of change and the whole institution needs
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to be politically blown up, for lack of better word. there are a lot of people who think we are in a good state, and you heard both of those. i thought bernie did a pretty good job bringing's immunity to that group, and there is definitely some discourse, but i thought he did a pretty effective job. personally, i like michelle obama's speech. it was great, it was personal, it talked about all of the positive things. to me, if we could get closer to that, i think it would benefit all of us. rahm emanuelcago, had to bump up property taxes by 40%. why? the city is close to bankrupt because it can't meet its pension obligations by the teachers union. this is the real america that's happening right now. this is the fisher we are talking about. >> i think everybody realizes that we can't stay on the
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current course and expect to be in a place where our kids or grandkids will get welfare benefits or health care. there are changes that are needed. the question is, do we have candidates willing to make them? rishaad: let's stay with the conventions, with the amount of news flow coming through, which is ridiculous. there is so much noise. how do you cut through it all? >> that is one of the biggest challenges for us. if we had just let them get bombarded with this information, it becomes very difficult for them to understand how they can assure -- rishaad: or anybody else, i should imagine. >> exactly. so we boil it down for them and say these are the things that will be relevant to you as you decide what you want to invest in. things are happening this week, earnings, central-bank decisions. those will be relevant. rishaad: that trump short the peso. [laughter] >> i think politics will play a part in this, but i don't know
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if it will play as big of a part as people think it will. remember, regardless of who gets elected, it's difficult to get things done in the morning. >> what about tpp? both bernie sanders and trump attacked this, which is critical to growth. look at japan. >> i'm with you. actuallyking it and having some impact on whether or not that goes through is different. >> amid this disarray, do you think that will affect what the fed will do? >> one thing i would say that the fed has become good at is being transparent. they are not surprising anybody anymore. they lost a lot of credibility when they signaled that they may be doing something. that is not what they want for investors or for citizens. now we are sitting at 47% chance of a rate hike by the end of the year. if they are going to do that,
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they are going to signal it. they have to, because they do not want -- they are very concerned about having an images not being clear and transparent about their intentions. rishaad: there was a lot of conversation about central banks running out of firepower. when you look at the boj, do you buy into that argument? >> i do, because i think it's diminishing returns. plus, i think we want to get to a point where, clearly, we are seeing improvement in the u.s. economy. you would like to build up some fortitude so that if we do have something happen, we have some ammo. you don't want to be so close to the bottom of the barrel -- should we go into a recession? we are in a 96 month of a rally. historically, rallies don't last that long. at some point, we are going to have a turnaround. angie: how do you find healed?
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-- yield? people with -- most assets are in cash. >> we don't see that. i have read that and i look at my competitors -- remember, we are self-directed, but we do have people with a million dollars plus. we are talking 14% cash. what they are doing -- brexit was a perfect example. they are extremely aggressive buyers, post brexit, in all the most popular names. ge, andacebook, ibm, they were handsomely rewarded. now we are getting to the point where they will rollout of those -- mainly equities, just because if pushing at yield, it's you towards equities. if you need to do something to get your child to college, or you need to purchase a home, they can do the math. you aren't going to get there with negative yields.
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rishaad: you make a valid point. some people got in there after brexit, and that is because investors tend to believe in -- you undershooting the bottom and overshoot the other way. how do we overshoot? >> if i look at their behavior, they would tell you they think there's a possibility you have overshot. what i mean is they are rolling andwhat they purchased, they will probably wait for an opportunity. again, i'm talking about a smaller portion of their portfolio. mainly our clients with the core portfolio, but they wouldn't alter too much, and that is for a duration which is 10, 20 years down the road. the other thing we are saying that is really fascinating is, look at all the news we are talking about. it's not happening during u.s. market hours. you know what they are doing?
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they are trading things on a mobile device, and products that to take advantage of the opportunities are hedge their portfolios overseas. we have seen -- we will do an average of 500,000 trades per day. on the day of brexit, there were 175,000 trades on a mobile device a night. is amazing. fore: a great argument bolstering up the staff in the futures market. [laughter] >> yes, you are right. 20 people left, their need to be more. angie: what do you think their direction is? >> in terms of the pits our markets? angie: in the markets. >> i think we will channel. if i look at the volatility level today, it's 12. that's not telling me that there are people who are concerned. it seems to be very episodic,
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something happens, it comes up, it goes down faster. --t tells me angie: when it comes to the news, we are not complacent at all. it's good to see you, thank you for joining us. td marriage rate. coming up, china widens its media crackdown overreporting online. details next. this is bloomberg. ♪
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angie: china has ordered major internet companies to stop original news reporting, giving the government near absolute control. david ingles has been taking a look at how this is being viewed on social media. david: a background of the story -- the top internet regulator in china, based on sources, has
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ordered companies like tencent, for example, to basically dismantle "the current affairs units," that are in charge of coming up with original news content. they can still put out content, it just has to be secondhand. it has to be government sanctioned, from government controlled media. it's a great area. online newsll services are not technically allowed to have reporters, but they can still report on things. beijing is taking a look at this, more people are looking online for their news, and they are cracking down. the reaction on social media has been fairly negative -- look at twitter for example. one user commenting, ok, but how can you control over a billion users who traveled to work and study overseas? have a look at some of these
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things -- angie: because twitter means the chinese can't be on twitter. david: right. it's better to shut down those media outlets and only care about making headlines. i think this really sums things up. we still need the news -- what is the point in having an internet, which points to the fact that more people are digesting? angie: absolutely right, and that being shut off or at least controlled strictly. thank you very much. that's it for this edition of "asia edge." bloomberg markets coming up at the top of the hour. dubai,tanding by in talking about today. >> h energyi,. a big story out of saudi arabia, not related to oil. we will be hearing from the and brothersive from a saudi group announcing a
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deal to end the biggest middle east assault, but is it enough? and of course a look at what is happening to turkish assets from standard chartered. angie and i
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>> bernie sanders tells the dnc that hillary clinton must become the next president of the united states. >> a seven-year impasse over the middle east biggest default. 80 banks strike a deal. >> chinese stocks lead the way in asia, climbing the most in two weeks with volatility the lowest since 2014. >> solar impulse comes

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