here is where growth was in the .ast report, just over 2% the current median forecast for the year actually sees it going down below that to about 1.9% and picking up again next year. the problem is you have to go back -- when you get below 2%, you have to go a long way. basically the middle of the financial crisis to see anything looking like this. you are looking at shoppers in

ast was originally proposed a hundred ¥49. we may see that come down a bit.en can we expect announcement? >> march 30 is an important date. they have credit lines and loans on march-- expiring 31. in investor starwood says they will nominate nine new members to the yahoo! board, effectively trying to replace the entire board. shareholders are going frustrated and impatient with the possibility of a turnaround at yahoo!. >> they plan to take over, basically. >> yes, it is effectively a oup. they did this back in 2014. they proposed a new board of directors for darden restaurants , and succeeded, and since then, the shares have been up. that is not the way it will play out at yahoo!. what they want yahoo! to do is sell the core business, and then we will see what will happen. >> it is interesting to see who starwood would put on the board. runbody who used to directv. >> it is not as if these people don't have chops. the question for shareholders is whether they like these directors that are, whether they think they can do a better job than the current board. >

companies that are working with handset manufacturers, ast space, global, link and supposedly androidare coming up with satellite phone connectivity also. emily: let's talk about the t-mobile and spacex example. what do they offer that apple does not? chris: the fundamental difference here that matters is the spectrum. in the case of the apple announcement, they are using dedicated satellite-only spectrum which means apple has to put, as they said, specific hardware, antennas and chips to work with that satellite only hardware spectrum. in the case of what spacex is doing with t-mobile, or ast working with vodafone and at&t, they are using the carrier spectrum so there is no change to be made to the device itself. all the work will be done with the satellite. in the case of a company like ast they are subtly one of the most powerful satellites out there to do the work that the handset can't because the handset has no modifications made to it. emily: if this is a good first step, as you say, what do you imagine the second and third step might be? chris: so, clearly, this is an opening

ed: why ast and not star link and spacex? john: it is a nascent area where technology is starting to develop. we think ast has done a remarkable job of getting the technology right where it is consumer-centric. the customer does not have to change anything they are doing with their handset and they can still avail themselves of the service. that is really important in our view. what we have going on in other parts of the industry is we are taking satellites and services that were fit for fixed wireless connections or fixed satellite connections and trying to make them mobile. it is more clunky as a result of that. but we are looking at is cost performance. how do we make it easy for the consumer. i don't think there will be more -- one winner. there will be multiple opportunities for providers. that is good for us especially when we have partnerships where we can have the right relationships to satisfy the needs of customers. caroline: satisfying the need of the customer. you articulate it well why we as customers will need m

ast month they said -- sent letter saying, how about we make good on that are ominous?> a couple of things i want to bring your attention to. the euro-dollar dropped. that's a two-year low. spanish services pmi out a little earlier. another currency getting whacked over the next year or so has been the shekel. is real in aabout couple minutes. stay with us. -- israel in a couple minutes. ♪ >> welcome back. we are going to look at the middle east. the israeli shekel is extending losses this morning after prime minister benjamin met now to -- benjamin netanyahu called meetings of ministers. from an economic impact, early elections could not come at a worse time, could they? but that's right. >> that's right. the economy contracted for the first time in five years in the third quarter, largely due to a hit taken because of the 50 year war in gaza. it takes time for tourists to regain confidence they can come here safely. 70 -- 47% of for the economy. fitch downgrading israel's outlook to positive. -- that accounts for 7% of the economy. think they had this in mind. the isr

at ast happened to unveil point when new investments had outpaced the revenue scale. now we are more in a stage where compounding,are but we don't have as many of the new investments. you are starting to see that efficiency play out. >> how much of you thought of selling box, versus going public? >> we want to sell our software to companies, but the company itself we've spent no time thinking about that. >> china is a market that a lot of technology businesses have trouble getting into. what is your strategy on china? chinese,than learning my strategy is finding out how we go and explore working in that market in a big way. you will probably see us partner over time with key players in the space, but i wouldn't expect us to do anything really big in china in the near future. >> there is a company you may have heard of called dropbox. and business overlap to a certain extent. how much of an inconvenience has dropbox been to you? >> inconvenience is a unique word. i think they are an innovative company, we are obviously a fierce competitor from a business standpoint. bu

caroline: ast ceo, abel, we appreciate you coming of it all the deal flow., we will be joined by adam when shaw. really pitting llm versus llm. meanwhile, what shares of amazon , not of the ai focus but because of the food focus. why? the grubhub unit, amazon is increasing a station it to as much as 80. expanding the partnership to get food delivery services within the amazon. doing well for the takeaway that just stopped trading in europe. this is "bloomberg technology." ♪ awkward question... is there going to be anything... -left over? -yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next. caroline: you are looking had a live shot of the principal room. check out what we provided on the terminal, as well as apple, i heart, you are tuning in when it's good for you. this is bloomberg. it's good for you. arthur, the company that provides firewalls for large language models, just released th

vonnie: ast and science are developing broadband system and they are merging.new entity will be called space mobile. the chairmant. talk to us about the decision to go public. why are you taking on a spec partner? >> it's an ideal way to get access to the market. it serves the valuation and it opens up a great opportunity to a broader market. vonnie: what is the technology you will provide and how will you make sure that it's reliable for every single outlet from space? >> we solve a big problem. it's allowing people to stay connected and solving the problem of half of the being brought to connectivity. space and it is to be providing the same quality of service, the same availability you get connected to a regular tower. vonnie: vodafone and others were some of the strategic partners. what was their involvement and what is their involvement? >> they are very close to us. they invested in us in the early rounds and invested in five years so we have a good relationship. in particular with vodafone. we released and announced that we would be launching with them f

also, after canceling an auction .ast week, over in the middle east, qatar and saudi arabia raised abined $23 billion. bond sales have climbed to $46 billion this year. that is the most since 2007. still with me is jack flaherty and ian steely. with talkingrt about when bond investors are actually going to get confident to go back to that nation's debt given the conflict with the u.s. and the sanctions. in, i want to start with you. as ausing this decline buying opportunity? it is very difficult to do because there's just so much uncertainty in the marketplace. russia was a favorite trade for a lot of people. oil prices are on the up. just gotten the fundamentals moved to the side for a moment. we are really trading headline risk at the moment. levels you at the have got to back in 2014, we are nowhere near those yet. there could still be a lot of pain there. >> so you are neutral. jack, what about you? >> giving our toes. -- giving our toes. oil prices remain high. analyst but i can say that from a treasury perspective but we are seeing the currency has been moving. concerned,redit

know,ast quarter, as you we had double-digit operating profit in europe.national as a whole, we had the best quarter ever. europe is a big part of that. so our international initiatives are working and we are very confident that we will have another good year in 2019 in international and europe. mr. abney, does that mean that you are taking market share in europe? yes.: we have been taking market share for the last few years. network,he fastest intercontinental network in europe, we have invested heavily in it. we have been taking market share and plan to continue to do so. are we seeing stockpiling in the u.k. ahead of brexit? how is that affecting your business in the u.k.? david: in the u.k., our business has held up well. there is concern about brexit, no doubt about that. some is some stop filing, ocean freight especially that we have seen that is trying to move ahead of what may happen. we have to plan for all scenarios with brexit. we operate under different trade structures throughout the world, so our job, want that structure is determined, we mak

ast a year ago, it was foreign half hour -- four and a see the crewk to member.ee the kind of change. we can now communicate and treat the world. around they can chat with us and send emergency messages. we have become immediate because we send them permission to our members. ♪ view risk in your own personal lives? >> to sleep well. >> do you sleep well? >> i do sleep well. >> it does seem like expectations from the company have expanded. what do these corporations want from international sos? >> with those corporations wanted in the first place were ways to protect the lives of their employees. today goes far beyond the. they really want to show -- goes far beyond that. they want to show that employees will feel comfortable and safe while traveling or being international. one in eightw employees in any corporation is traveling internationally. it has become 1/12 of the workforce, and international traveler. >> tracy told, it was not some -- truth be told, it was not something you wanted to do as a young boy. you wanted to be what your father was. what happened?

job,ast time i took on the everything was in place. proper government machinery and all i had to do ,as work within the rules, laws and use the machinery of government. now, it has been totally unless every ministry has been corrupted led by officers who were participating in the corruption. i i need to rebuild the full government. it doesn't mean the next person that can take over. success andind sometimes we have to go right down the line before we can find one. quacks the finance minister has talked about concerns in the national debt, which appears to be 60% higher than estimated. how messy is it? how will you clean up the mess? mahathir mohamad: this involves money and we don't have enough money to make up for the losses. we have to find ways and means of reducing our expenditures. to do some of the projects that are not really needed at this moment. they may be needed later, but we can defer. the problem is much bigger than we thought, but we have ways and means to overcome this problem. i think we are well on the way to recovery

return ast a good a commercial enterprise. >> short-term, painful, long-term gain. kenya right now is carrying a big burden in terms of taxes. to pay for the loss they are taking. it is interesting they are still taking and more. it is a wait-and-see situation. also, unfortunately, we have issues of corruption in the country, which have diverted some of the resources from what they were meant to be. we are seeing something that was supposed to be a big enterprise, a big project. we are hoping it comes out bigger than expected. >> there are many things that have not been answered. including some of the contracts that have been entered into. the payment plan and everything is quite clear. the real cost and whether the costing of the individual equipment, construction sites, is something that should be questioned. it is not as transparent as would be preferable for a piece of infrastructure that is close to 5% of our domestic product. >> the real question is, are those loans used in the right manner for the right project that will generate the right type of revenues fo

we had ast time government shutdown was in 2013. run us through what happens.e agencies related to national security will continue to operate. kevin: what it really means -- and wall street knows this, they is thatlinked -- essentially, national security issues will still be taken care of. national park services make shutdown. on capitol hill, it is a running joke as to whether staffers are "deemed essential her coat if you are deemed essential -- what it means is things will slow down. should know who got the blame last night in 2013, and that is ted cruz, the republican from texas. who is going to get the blame in a midterm election year when republicans control both chambers of congress, but don't have a supermajority in the senate, remains to be seen. the back-and-forth going already. issue of feel on the daca -- the democrats feel that they have the support of the public on daca. vonnie: is there going to be a huddle at some point? when did they get together and strategize? have: all morning, aides been going back-and-forth. we heard from the white house -

ast space mobile is building the first only cellular broadband network from space.king with giants like at&t, google, verizon, and more. that's the biggest competitor to spacex in the direct to sell business. to discuss this is president scott wisniewski who joins us in the studio. many are trying to work out how realistic. you have slights in the space. there are more to be built. plenty more. how are you on this journey? scott: we have been at this -- thank you for having us. we have been at this for seven years. now network is purpose built for the space base cellular band opportunity. we have been working with many of these operators for over five years now. you mentioned a few. we have many more abroad as well. so for us the first step was toe launch these first five commercial satellites. we'll have more to come starting in q1, 125. our goal is to get about 45 to 60 in the us to us provide 24/7 commercial service to your phone with no modification. ed: thanks for coming on bloomberg "technology." your ability to serve the world directly correlates to the const

what does that tell us, the fact ast standard was up as much 2.8% and finished slightly lower?he others did rise on the day? guest: obviously it is a big relief rally as they realize the capital rate was sufficient, they will not have to come back again. digest the news and go through the day, you realize all of the same problems still there for standard chartered. they still have investigations around the world and they still have to deliver on the stress fees in the bank of england trade. yes, and there is a great piece by ed evans, and that says when everyone passes, you should start worrying. worthy tests stressful enough? measuresa lot of the were not as stressful as we have seen in the past, for example during the lehman crisis. the global commodity indexes are not that much higher than the stress scenarios -- oil was up $38. it's hardly stressful, is it? stephen: exactly. these banks roughly know the criteria of before they can plug in the numbers, witches why standard chartered knew how much capital to raise. the objective of the tests is not to fail anyone. mark: and t

have taken ast not science course, i do not know. climate is a complex issue. understanding how you do the abatement requires a lot of in-depth study. in united states, it has become a partisan issue, which is unfortunate. that might make it harder to achieve the agreements we need in the united states. we have the people who denied climate, and then people who think it is easy to solve. we need to educate both of those groups. is there any evidence people do things that affect the great ran children but they will not see the benefit from? bill: united states has been willing to take on different problems and like cancer and make giant investments knowing the real payoff will be many decades down the road. when that was being pushed, people are saying this is important. climate change is like that. you have got to take a long-term perspective, and government is at its best when it takes long-term perspective m policies. david: you worry there is too much power in technology companies. bill: technology is so central, government has to think if it will affect me.

year,ast year to this they doubled their holdings in puerto rico. this is only from may.ve to wait for those investor statements to come out. matt: oppenheimer did well, franklin resources has reduced. kate: these are the largest mutual fund holders. yields,these huge upwards of 10% or 11%, they also got alternative investors interested. there is a large hedge fund contingent investing in the islet -- in the island as well. there are other ways to get involved in the island. paulson bought a hotel earlier this year. bought a investors hotel as well. there are all sorts of different entry points. today and tomorrow people will be offloading the bonds. matt: thanks for covering diligently the puerto rican debt default. what major european market is showing a robust rebound in the housing market? the answer when we come back. ♪ joe: "what'd you miss?" enjoying ak is surprising comeback and its policing housing -- in its beleaguered housing sector. spain's unemployment still stands at 23%, the second highest in the euro area after greece. a good place to move though, maybe. y

came on aste, she not funny enough and not human enough, but she goes on a show and shows her softeride. a big win for her last night. phil: jimmy fallon, last night, the best ratings. he smoked jimmy kimmel and smoked stephen colbert. she was good and the ratings were just as good. what the deal with the late-night thing? we will see a presidential candidate on a late-night show almost every day for the rest of the year. maybe it will wear out its welcome. we will have the red sox president, larry lucchino, on politics and baseball, live from this glorious place, fenway park after this message. ♪ john: joining as presently is the president and ceo of the red sox, larry lucchino, stepping down after infinite number of decades at the commanding height of the sport. he's won three world championships since he took the hell more than a decade ago. thank you for having us here. larry: welcome to fenway park. john: the cathedral of a small. your sports business career alone is incredible, but if we life, likether, your gump" -- you played basketball with bill bradley. what was that like?

i will be ast the nasdaq. i will see you from new york. ♪ >> this is iowa. i attended an event with one of them, governor scott walker a couple of blocks from here. jennifer jacobs from our partners at the des moines register's joining me for a classic two for this week. 1200 people in th

boss,even if you are the you need to realize you don't know everything especially in a .ast-changingld are we are constantly disrupting ourselves which is essential for success. emily: sleep is one of the great mysteries of science. you have written a whole book about it. this originated from your own wake up call. what happened? sleep is one of the great mysteries of science. it's something we still don't know a lot about and yet you have written a whole book about it. this originated from your own wake-up call. what happened question mark ms. huffington: nine years ago almost to the day, i collapsed from sleep deprivation exhaustion two years into building the huffington post with two teenaged daughters and is a single mom taking one of them around to colleges to decide what college she would apply to. i came back to my home office and i got up to get a sweater because i was called and i fainted and hit my head on my way down and broke my cheekbone. beginning of reevaluating my life. based onnizing that scientific findings, trying to hour sleep is not sustainable unless you're one

side evident,re become more and the longer we stay here, it is incumbent for policymakers to this soon astpossible, but it won't be any in 2020. romaine: the peak of this global do you think we start seeing the peak of this global easing we seen over the past decade or so? peter: we are still stuck in low gear, as it were. the federal reserve made you a rate cut next year. be could argue that we may past the peak in terms of rates for a number of central banks. other central banks are probably going to ease anyway. global conditions are likely to be rather easier than they are now. guy: is there going to be enough to continue to drive equity forward? this year has been driven by multiple expansion. you look at what happened with rates. haven't got earnings coming through. next year, how different is next year look relative to this year, even with the scenario painted for rates? peter: i've been saying that this multiple expansion is overdone. markets are probably due for correction. and i've been proved wrong. i think there will come a point when the investor will think, there are a lot of

perhaps it is only fitting that ast

we have been working for the .ast 40 years the concession we have from the government is about 60 yearslike most of the other oil and gas companies, their concessions are between five and 10 years. want togo to a well, we make sure this well is big enough to produce more, and at the same time our depletion rate of these wells is very small. some of the wells that we have 86 years ago or 84 years ago are up-to-date operations. having said that, oil is the cheapest fossil fuel, cheapest energy source. today you have over a billion people in the world who do not have access to electricity. you have to catch up for those people. that is why we think we should be more efficient and at the same time should not forget who we are. david: saudi arabia was the biggest producer of oil in the world, now maybe the united states or russia is bigger. saudi arabia could produce more oil given the reserves you have, but you are comfortable with the level you are producing, nine or 10 billion barrels a day? yasir: about 10 million barrels -- 10 billion barrels a day. david: saudi has the lowest or cheape

because there was a small meeting, the president of the leadership, the house and then not ast i was going in an appointment of the president, but my power and presence derived from the power of my caucus. there and president bush was welcoming, all of a sudden i was squeezed in on my chair. crowded on my chair, i could barely a knowledge when he was saying, i was so distracted. and i realized that sitting there on that seat with me were , alice paul, you name it, they were all there on that chair. and i could hear them say at last, we have a seat at the table. [applause] and then they were gone and my first thought was, we want more. we want more. [laughter] >> since you have been a leader, you have dealt with re-presidents. president bush, president obama, and president trump. so, could you compare their relative smiles? how are they different? >> they aren't relative. [applause] >> i thank you for the question. i think it's an important one from a historical standpoint. here's the thing. all, i have completely and entirely respect to the office of the president of the united state

now is as ast thing nascar charter team, you can go to a sponsor and say you are going to be in tv, andrace for nine years. they are nine-year charters. they plan to keep this model going after that. that was the first go at it. the thought is now you go to whoever it may be -- big brands. it is big money. -- sometimes a cover that $20 million. now you can say, let's do a five-year deal. who knows what it will be. carol: any signs that this is a ?mart strategy i already seen teams invest in a long-term way. some of the teams lesser-known highere to go out and slightly better drivers. there was a team that did this in january that would give them more stability. they can upgrade their driver and when they go up -- when they go back to their sponsor, they have someone to get them in the top 10 more often. carol: bottom line, it is a new business model? >> yes, and it is like what we have seen. carol: now they have an exit strategy for some of those owners. interesting stuff. thank you. to take a look at the etc. part of the magazine. we bring in the editor of the section. we want to begin

ast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ♪ >> we asked some of the best minds in the world from business, government, the arts, and academia. what are the most urgent problems facing humanity and how do we solve them? the result is "big problems/big thinkers." >> what is the number one major problem facing mankind? >> a lack of education. >> politics has been getting dumber and dumber. >> you are dealing with a balance. >> if we do not find a more sustainable way. >> everybody has the capability of making a difference. >> remember your humanity. forget the rest. >> this is "big problems/big thinkers" and i am terry blair. in this series, we confront the challenges facing the human race and try to identify an ethical framework to help us overcome them. in this episode, defining a successful life. as the world moves rapidly forward to ever move choices, and material advances, what are the contours for successful life, love, money, service

oil has edged higher after asting six year plus lows, investors weigh the first decline in u.s.in 11 weeks. refiners usually drain tanks around now, to reduce the tax burden, which is calculated on supplies at the years and. nd.e saudi arabia leads opec and maintaining output for market share. the first shipment of iron ore, has left western australia, bound for south korea. targeting an is eventual output rate of 55 million metric tons per year, and a time when iron ore prices are at historic lows because of oversupply and slowing demand. the first shipment has been bought by a steel mill. we'll look at what is moving the markets, a very easy day. japanese traders had to lunch. it is a much-needed break for the nikkei 225.

ast does that do to the yuan a global currency and what happens?s payment for the risk is that it rises as the dollar falls. through your current thinking on it. >> i don't think it is going to rise much further. you have to remember it was not dollar,ing against the as the dollar rose against everything else we saw the yuan across their time zone. the effective exchange rate was a lot. life is getting easier for the chinese. don't forget, that is pretty if you're in-yuan beijing. it is not as if it is not important. the exchange rate environment is becoming more helpful for the chinese at this point in time. it matters richly in berlin. -- greatly in berlin. >> nero was talking about a cross. anna: trying to find front of behind this point. what are your thoughts on where the assets go from here? this is about the currency. interestin on your crosses, is that i have a death cross on dollar-yen is scary. manus: a golden cross on equities. >> i don't think i can have a dramatic rate higher -- lower in dollar-yen because manus: one is risk off and th

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months,ast couple of there is a fear they were going from goldilocks to a recession.u're nervous about that and the fed is not hiking, you put your money in the front ian d. money market -- in the front end. --t is not investing in gershon: as much as i hate to agree with larry fink, he is right. that does show people are not investing enough in risk assets. i do not think that is anything new. how many studies have to be done to show the s&p returns 11%. the average investor gets 3% or 4% of it. everyone was so nervous in the fourth quarter last year. now are up on the s&p year to date. jonathan: let's explore this a little further. the belief people will re-risk and begin to participate as the year progresses. any faith in that idea? victoria: we believe that is true. as you have uncertainties get removed from the marketplace, that will give investors the opportunity to come back in. you will see on the equity side, especially with earnings doing as well as they are doing, beating expectations. that gives an opportunity on the fixed income side. it allows investors

ast is economic as well actual literal death. a lot of people are going to we don'tatuitously if have a really good bridge across this. and anybody's guests -- i'm not too optimistic about the politics. the one thing to say, and it is kind of cruel -- everybody talks about the k-shaped recovery. the people who are suffering most, and they are suffering enormously and it is our obligation to help them, they also don't have a lot of money, they don't have purchasing power in the best of times. the people being really hurt -- i am optimistic about the economy, not so much about people moving forward. we really should be above all -- actually, every effort should be redoubled given that we know that there is an end point to this full of there is no reason for people to be suffering economically and for us to be having the db we are having when there was a vaccine that is-- death tolls we are having when there is a vaccine that is around the corner. joe: we don't know if we are going to get that bridge, another stimulus to get to the

the idea at that time idea is to o the to is old and that paradigm is a bar doim of the ast.nd they are being improved. which love that relationship and hundreds of thousands of customers and hone in on the oducts and make that comfortable and unlike. >> you have the partnership with target and how important is that channel?ales >> we certainly started with and cussing on our first that isand the we think it. rney and doing >> where do you see it going long-term in yes and they will help build awearness and target is one part fert awareness and e kwlet to walk to our customers. quired and target a where do you see it? >> the conversation with target is great and we have been working with the arrangement with target for sometime and they got a meeting of the mibeds and e consumer landscape we think it is the third pillar when target nd asked us so grow our business and we got it around. is the goal to become independent? >> we think we have a large and ery bright future ahead of us. we are a young company and we think we have a lot of work to build our brand. >> and peg of the

they need to see some kind of ast number that goes down the economy makes headway and that's not going to happen because they are just too deep in the hole. huge critice been a of austerity pretty much anywhere, obviously greece. and the rest of europe, countries are growing again. even by the end of next year before they called the new elections, greece was starting to grow. they elected to government and they get into a fight with the rest of the europe and the economy collapses again. how do you explain the fact the rest of europe is growing and would greece have been better being on the glide path? prof. krugman: it turns out you had a government that was not repaired to call europe plus bluff by taking the measures that would be necessary to leave the euro if that was the alternative. if you are going to go into a fight, you have to be prepared to use the tools you have and they were not. you can look at a place like spain, which is growing, but still has 23% unemployment. many, many years away from recovering the losses it took, and call it they -- and call it a success story. al

. >> ast also, it's very self-serving as well. if you cure a disease elsewhere you're not likely to catch that disease. if -- and we live in a world where diseases can spread very easily. we want stability around the world. that's self-serving because our safety depends on a world that doesn't start wars and gets along and there's a compassionate part of this. we have an obligation to stop genocide. i think that you come back to right where we started with this interview. things are better. we can make a difference. you're not going to cure everything overnight or even ever. gu to sit back and say, oh it's hopeless, that's not true. one of the things in bill's letter he points out, the better educated people don't overpopulate the world quite the contrary. a lot of poor people have lots of kids because they don't think they'll survive and there's not going to be a bread winner down the road to take care of them. and if everybody is healthier, it just leads to much more rational world and lets us deal with the real problems. >> com

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stocks got back to the plunge we saw .ast week as much as we can argue the the the eurozone does notthat much, it still matters in the financial markets. >> thank you so much for all of that. stakes,ure raises the -- russia raises the stakes. what does this mean for energies meant -- what does this for everyone? ♪ >> russia and ukraine failed to reach an agreement on gas supplies for the winter. moscow and kiev will try again next week. how bad is this situation? >> nothing good here because the expectation was that these talks would deliver a result. an awful lot of serious investment. you have the head of the energy wings of russia and ukraine withng at this discussion the you could -- u.k. commissioner. week innd of last milan, the big focus was getting -- ited in the animal looks like the issue is russian. to pay down some of their debt. the ukrainians do not have any money and are turning to the europeans. you prepaywhy don't -- someone has to pony up the money. when does that happen? >> the older he gets, the more likely someone will come along with the money. you can argue the

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tremendous, it is a double bottom line investment, and conversely, when that black business fails the bl astius of that failure reverberates throughout the community. romaine: let's go back. these are some pretty interesting findings but let's go back to the capital raising issue, because this seems to be one that i've heard directly from a lot of business owners, small business owners. i'm curious as to what is the root cause of why they are not able to gain the financing at the right stages. asahi: in terms of root cause i will quote one of our terrific 10,000 small businesses, her name is carlo walker miller, and she said the worst time to meet a banker is when you need money. what she means by that is you really need a relationship in order, a lot of this is about relationships. it is about trust. and these black business owners do not have the banking relationships that it then takes to get the down street funding. with goldman sachs we have been very focused on funding cdfi's. year today we made a commitment to the tune of $750 million to black ands who reach latino business owners and

went so far ast to say we are sorry. is there something we don't get that investors are not understanding? >> having its expectations. natural inclination to extract those growth rates out over long times will stop in the history of every hypergrowth company, there comes an inflection point where the expectations of analysts or investors start to outstrip the fundamentals of the business. the question is how companies execute through that. >> analysts thought you are a fast growth company. what is right? >> i think it is all relative. mid 20's,%, in the that is healthy growth by virtually any measure. emily: you gave a rousing speech to employees at an all hands meeting and you said, "linkedin is the same company it was before this happened. i'm the same ceo and your the same team." how does jeff weiner, the person, feel about this? not the ceo but you. does it sting a little? jeff: i wouldn't say it stings, there was some surprise. you want to make sure you're there for the people that matter most. are we still able to

have invested in this is gradually shifting and we see some of that year,ast year and this preparingor the tightening. difference with and hownd japan easing they will respond to that. >> can they fill the void in ?urope from what you have seen >> the response to the mandate is the case for the economy and theys been very clear that put measures towards easing policy. >> a look at some of the good news and look at gdp. skeptical may be at home and say this is like 2007. how different is this economy right now? >> we have seen some cleanup it ishout the economy and lower than 2007. the banking sector has been restructured and that is reassuring. it puts the economy in a to reverse theon shock from the outside. havelot of the electorate experienced austerity and have been running above that of france. is it austerity in name only? a runa recession, it is of deficits and unemployment benefits increase. and theret seen that has been retrenchment in public-sector spending. recovery in the good years. a look at the u.k. and the budget deficit. we are now experiencing budget growth. aroundg

ast year, there was collection that went well with reviewers and the older ladies were lukewarm. >> theve is a bit better. it should be. they are still at the bottom and hoping to get things back. that is doing phenomenally well. that must be holding up the business. i cannot see how clothing to be making that much profit? >> they are destroying credibility. it used to be consistent and have styles of retail discipline. >> do they have something to learn? not in sales. and profitability. are an incredibly well disciplined business. that is ultimately going to be the key. they are a multi-brand business. you have a long way to go forward. >> billions on improving stores. the online seems to be paying in sales. not like the merchandise, it does not matter. >> is there a brand? >> now. thewomen looked at merchandise. >> it is a serious failure. >> is it the ceo? >> how much time does he have left? >> he does not have any after christmas. once one more collection. is the third year of the climbing profits. sticky companies would with money. >> you have to deliver the goods. >> some would sa

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ast in the commercial and corporate banking.ore broadly in the company, we hire 4500 recent college graduates a year in the branch system. there is no doubt people want to work for us. it is a great career. it is a chance to help people -- people work for a company because they want to help. david: you have three children. do you recommend banking services to them? brian: two of them work in finance. and they like it. becausek at competitors they can't work for our company. they like it. david: if i am a college student watching this discussion and getting ready for a bank of america interview, what should i do? i should dress appropriately, right? cut my hair maybe? brian: in my mind, it is the same thing. make sure you demonstrate curiosity and you really want to help people. david: bank of america has a large charitable undertaking, and you have a good-sized team doing it. what are your areas of focus and how important is that to bank of america? brian: there is the charity we have and it is at $250 million a year of giving.

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there is conflicting guidance coming from medical providers about who should be asted, there is stillrtage of capacity, despite what we hear from washington. that needs to be ramped up immediately. i also want to make it clear, everyone who feels a little bit ill or is worried they came into contact with someone who has this virus should not be tested. that will overwhelm the medical system. we need to reserve testing capacity and medical capacity for the people who are truly sick. others can shelter at home, self heal and seek emergency care if needed, but we are going to start to have to prioritize who can get service from our medical system. amanda: how long do you expect us to go on? the you have any council level estimates? healthhe city's commissioner is estimating a tapering off by september. this depends on so many unknown factors, the impact of the seasonal change, and how much we can flatten the curve. are we facing a short, intense spike, or through this kind of social distancing, can be spread of this epidemic over time. that is preferred because it gives the health care s

one,ast championship you 2015 come you're are basically playing freshman. how did that happen?ala year. three of the freshman went pro after that. they were early. they were one and done. they did not really care about their own stats. if you can find people who are into winning -- david: you mention the phrase one and done, and for those who are not basketball aficionados, that refers to the fact that you have to play at least one year of college before you can play in the nba. mike: and be 19. david: are you a supporter of this one and unreal? mike: it does not make any difference. you have no control over it. you are not only adapting to different players over 40 years as a coach, but also adapting when guys leave and the age of the team, how you teach her culture, so grant hill, laettner, and hurley, if they were here today, i know mr. and mrs. hill -- some probably would have gone after one year. but now, that has changed. it is a different thing. david: let's talk about recruiting. mike: i work harder and recruiting now than i have ever worked because you have to do it mo

■ç■ç■ç■ç■ç■ç ecent■ç■ç ast 12■ç■ç■ç■ç■ç■ç■ç■ç■ç months-0but i know theyúflll thç moving us to north americao protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. kailey: this week. >> i think more countries are becoming aware they've got to tap up their game before we go to glascow. kailey: a month after world leaders set the stage for the u.n. general assembly -- >> we will do everything in our power to help people in the short term. what we will also do is make sure that we allow the market to work to allow supplies get to the places they need to. kailey: one of the hot topics of

ast are we supposed to do users with credit cards? about a year ago a reporter asked me what i would do to help my best protect my information and i said i get a new credit card every three months. restaurants when they are out of sight and at all these different stores. and seeing all these data enough to am paranoid where it is easier to get the new credit card. it is a hassle to go through and reset your automated payments but having that piece of mind is more important. there is more retailers are going to be coming out with announcements. one or two a week. the secret service said there is so5 is impacted iowa family we will see more shoes drop. dei -- fbi also investigating. can we find the people who did this, can apple and the fbi find these people? >> absolutely. forensics experts have gotten more dance through the years and the people that usually execute these type of attacks not really criminal motivated attacks but more just for fun attacks. they are not very good at hiding their tracks. in 2011 the last person who had li