ge struck a deal to sell it's transportation finance unit to bmo financial group. terms haven't been disclosed but ge will add $700 million to a fund it wants to use to buy back stock. it provides financing to equipment makers, dealers and users of heavy duty commercial trucks and trailers. it has been making a big push to focus on its industrial roots and shrink it's other businesses. specifically ge capital. last month it said it would sell it's health care lending business and related loan portfolio to capital one for $9 billion. on thursday it said it's considering a sale of its asset management business seeking buyers that have experience managing retirement plans. the unit has about $115 billion in asset. ge has also been looking at moving it's headquaters from connecticut. in june lawmakers had a budge that included tax hikes despite protests from the biggest companies. appears on squawk on the street on thursday the ceo said the company will make a decision in the fourth quarter. >> we'll never do anything like this carelessly or casually but we're quite int

>> reporter: well, look, the treasury market is vital both to global finance and to the united states' ability to fund itself. we run into a huge deficit and the way we finance that is by selling treasuries. there's a lot to be concerned about in this market. i think this one has the potential at least to be as big as the libor scandal that we saw. the question is whether or not there is actual manipulation that the government can prove here, if there's a smoking gun text messages and the like, then it could be a big one to watch. >> eamon, thank you very much. >> you bet. >>> on wall street, a pause from the volatility. investors had a chance to breathe and digest comments from david tepper, an influential hedge fund manager, who said he was concerned about earnings and was not overly bullish on stocks next year. by the close of trading, the dow jones industrial average rose 7 of points to 16,330. the nasdaq climbed 39. the s&p 500 gained 10. overseas, investors paid attention to china and comments from the premier who said his court country's state is in good hands. >> reporter: chi

we're going to have to do more that have countries export credit financing, fewer things in the unitedtates. it is wrong for the u.s. and it is a huge mistake for congress. and i think it is not going to help the global economy. >> and the implications that you can expect from it would be? john: jobs that could have been in the states will be someplace else. and it also means that the world's appetite for infrastructure that we were talking before is not going to be satisfied. >> what can businesses do? one of the options? john: we have been talking about this for a long time, continue to get the message to the elected officials about the importance of global trade. of conducting business -- part of the problem is you have a congress or the majority in congress support xm. for some reason, small minority groups for the far left for the far right in this case, you cannot get the bills passed. and that is not the way the framers of the constitution or the founding fathers in the u.s. contemplated it. >> john rice, thank you. coming to you from the conference. back to you. angie: thank yo

in corporate news general electric is selling the transportation finance unit of ge capital to bmo. they have been working on shedding financial businesses and says the latest transaction brings the total for 2015 sales to 85 billion. shares of zs pharma getting a boost this morning. it initiated preliminary discussion with the bio tech company and the fiber optics company posting earnings and revenue below estimates and also offering weak guidance in announcing that the ceo re-signed. a small cap stock to tell you about this morning, it's getting hurt particularly bad, zumiez. it's a retailer. it will fall short of wall street expectation. a big 20% hair cut on that stock today. the company blamed fashion mishits and back to school promotional pushes. >> if you have stuff not selling at full price -- >> that's probably harder than figuring out oil -- i can't imagine. plus it has to be different. i looked at this today. i have another -- by the same maker, same type that just happens to be two inches thicker and now have to wear this. >> what have you got on today? are you going to

united. lillian: i wasn't so interested in campaign financing until citizens united.corporations now can contribute unlimited amounts, and they were very successful, by the way, in contributing before this. can you imagine how successful they're going to be to contribute unlimited amounts? lillian: corporations all of a sudden are human beings, individuals, and can spend without limitation to support their candidates and their programs. this is very scary. narrator: since the privatizing of prisons began in 1980, prison population has increased more than 500%. and incarcerated drug offenders have increased more than 1,200%. russell: most of my friends, uh, went to jail at some point, over drugs. just as these people who are locked up, the prison- industrial complex pays the bills of the politicians, so much so that they either turn their head or they frame it that we're soft on crime if we don't lock these people up. we got to get the money out of politics. the prison-industrial complex, the gun lobby, will have less power, there's no reason to run around with automat

finance reform plan. she released an online video about the citizens united ruling.ll of this as a push that she wants to have changes about big donors disclosed, loopholes closed, constitutional amendment that will overturn citizens united and make changes to help public financing work. among other provisions, is this good policy? john: the policy part first. it is the biggest thing, if it actually happened that you ended secret money in american politics, had full disclosure instant disclosure, the most , important thing to happen in campaign finance reform of all. i'm with her on that. as politics, this is just an attempt to get close to some of the bernie sanders voters. i just don't imagine there's any bernie sanders boater that will look at that and say hillary , clinton is not the candidate of big money. i will go to her instead of my friend bernie who does not even a super pac. mark: i applaud some of this. on the politics of it, this is running into her weakness. i hear this over and over. people think she's too close to wall street. she is a big money candi

united states. but large and small companies alike feel the same. export-import bank finances deals so we can compete with other countries. when we decide or some in the united states senate decide to take us out of the export business, who's going to step in and create the jobs? sadly our competitors. china. they're not waiting around for their legislature, whatever it may be to give permission for them to dramatically increase exports. they're on the road to do that. so i support what the senator said from washington. on the floor we're going to return in a few minutes to the debate on the iran agreement. this agreement, of course, has been in the works for a long time. president obama set out to create a set of sanctions, punishment against iran to force them to come to the table and to negotiate with us and other nations so they wouldn't develop a nuclear weapon. the president invested a lot of capital in it and it worked. the president and congress imposed sanctions. it's an amazing alliance of nations trying to stop iran from developing a nuclear weapon. it included chin

united states. when people graduate from college, you can be number one in your class at harvard or number one at yale or the school of financeprinston or stanford and immediately if you're not a citizen of the united states, you get thrown out of the country. we want those people to stay. we want people of great talent to be in the united states to work here and ultimately to become a citizen. >> so don't you think, rich, you were talking about how he seriously wants to win this nomination that that's part of it too. that that's the caveat that's missing from some of his other immigration rhetoric that might appeal to the business community, for example. >> well, the problem is he's just all over the map on so many policy issues, and he's talking up economic immigration there and high skilled immigration but his written immigration plan would crack down on h1b visas. >> so he's contradicting himself. >> yeah. and his written plan says nothing about mass deportation but he talks about that in every interview and this was the guy four years ago saying mitt romney was too mean spirted and tough and alienated of latinos and talk

president of united short president -- united sure finance. coverage of the fed decision at 2:00 p.m. and that will be followed by janet yellen's news conference at 2:30 p.m. we will get everything, including a q&a session all life on bloomberg television. when we come back, we talk about president obama addressing the business roundtable in washington. stay with us. ♪ york,11:00 a.m. in new 8:00 p.m. in san francisco. welcome to "market day." pimm: what credit hikes main for investors and we will hold our own meeting to give you details. matt: hewlett-packard needs to cut cost. they plan to cut jobs again that thousands again. we will talk about the big changes for the tech -- shrinking tech giant. pimm: we await president obama scheduled to speak at the business roundtable and washington, d.c. within the hour and we will take his speech and question and answer session. matt: i am matt miller. fox. i am pimm 90 minutes into the trading day, so let's take a look at markets right now. u.s. stocks, a little bit of a bid for stocks, the s&p 500 u

the 21-member forum includes japan, the united states, and china. philippines financeinister who chairs the conference, spoke with nhk, ahead of the meeting. >> clearly the action of devaluing the chinese currency had a chain effect, not only in the region, but across the world. it's about creating a framework so that we can accelerate and facilitate the integration of the regional economies. >> risks posed by policy changes by the world's largest and second largest economies were high on the agenda at last week's group of 20 meeting of financial ministers and central bank governors. china's premier has said he's seen no reason for a further slide in his country's currency. he was speaking at the world economic forum. china central bank has been trying to make the yuan reflect market conditions. it cut the rate against the dollar last month. premier li said the weakening of other currencies against the dollar prompted the bank to decide the way it adjusted the interest rates. he added the adjustment was minor. >> translator: the chinese economy is being managed within

decisions first with buckley versus vallejo and then most recently with citizens united has left us this campaign finance system in which you have to spend and raise too much money to run for office. you have to spend too much time doing it. i mean each and every single taxpayer employs me and pays my salary. each of us as taxpayers pay for all 535 members of congress. i would much rather the persons whether it is the most conservative member or the most liberal member work on legislation and policy and not have to spend so much time to raise money to run for office. but in a system we have in the u.s. that does not have public financing of elections since they are privately financed, that's what has to happen. also, when i was referencing the campaign system right now makes no sense and is broken, we have right now a system in which the individual who is running for office is capped in terms of the amount of contributions he can receive from one individual or entity. but then some outside group can spend millions upon millions of dollars or some very super wealthy individual can just write a check and s

finance reform plan. there is online video about the online ruling. all of this as a push that she wants to have changes about big donors disclosed, loopholes closed, constitutional amendment that will overturn citizens unitednd make changes to help public financing work. among other prepaid -- provisions, is this bundle good policy? john: the policy part first. it is the biggest thing, if it actually happened that you ended secret money in american politics. all disclosure, instant disclosure, the most important thing to happen in campaign finance reform of all. i'm with her on that. as politics, this is just an attempt to get close to some of the bernie sanders voters. i'll imagine there are any of those that say, hillary clinton is not the candidate of a gurney -- of big money. them, onpplied some of the politics of it, this is running into her weakness. i hear this over and over. people think she's too close to wall street. she is a big money candidate. to say the unilateral disarmed, this is a proposal trying to ameliorate a weakness. although she does believe in it. john: i'm sure she does. but i do think sanders voters, you look at bernie sanders running, pledging to run no negative ads, taking no ha

it is certainly true that the united states is a place of intense financial investment finance, economics. we have new york city as a symbol when it comes to that. the united states is not monochromatic in its appreciation and understanding of the various things that happen in the economy. the bishops of always pointed out that what we deal with in the marketplace is important that we cannot lose sight of the human person. and how we deal with the poor. disparity at times between the rich and the poor. inmay not be as angular, that sense, but we have always been aware of the poor. importance of the financial community to sense that working and helping those who are poor, to have a decent wage and decent living across the board is good for the economy. , but to myeconomists the united states in many ways in its culture, finances and mode of governing has a lot of tensile strength. as monochromatic as sometimes people present it. stateshops of the united are very intent that we be particularly in our culture today weather is such a growing disparity of rich and poor, without going into all

many americans disagreed with the court's decision on campaign finance in the citizens united case, includingrt. but ted cruz applauded that decision by those five unelected lawyers. and, of course, many americans disagreed with the court's decision in bush v gore in 2000. four members of the supreme court disagreed with that decision. but ted cruz loved that decision. ted cruz was working for the bush campaign in 2000 when the supreme court in effect decided who would be the next president of the united states. not a peep out of ted cruz then about that decision being issued by five unelected lawyers, including ted cruz's former boss, who then, of course, had the honor of swearing in the new president. >> i george walker bush do solemnly swear. >> i, george walker bush, do solemn my swear. >> that i will faithfully execute the office of the president of the united states. >> that i will faithfully execute the office of the president of the united states. the e-class has 11 intelligent driver-assist systems. it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cam

doing going back to thomas jefferson talking about the average person should understand the finances of the unitedstates government and where the spending is going the ig community has the same interest in those are important but they may not motivate themselves and that is why it is so important to talk to the federal community why it is important to be moving forward. so we will talk about accomplishments issuing the data standards this is a theme throughout by a discussion in the past looking at a big initiative the want to build things and the big systems and spend a lot of time with a waterfall process along no way. we'll look at the data centric effort it exist already so it isn't to change that data but to of lockett and capture it so we've the get the various systems to find where it exists to extract it is presented in the way that they can use it is a different approach to a much less expensive. so if you have this process to do things quickly you fail fast in read you learn quickly how things are going. we have a number of pilots under way and we're very pleased with the initial results

department of the treasury department of state and the united nations are announcing sanctions on as many as 30 individuals affiliated with isil said to financesil operations and facilitate freezing those individuals international financial assets. how can it be a united front in the fight against isil. >> well, everything is in flux. and i think that broke out, and almost unprecedented way, certainly it's been many years since we have seen two world leaders disagree so publicly. we saw public display of diplomacy yesterday. we saw acrimony, we awe steelly cold glances at one another. one of the more awkward photo ops the hand shake between president obama and president putin yesterday at the conclusion of their dualing speeches. but it is clear now there has been a flurry of meets between secretary of state jon kerry, sergei lavrov, the white house clearly admits it was caught flat footed they are still trying to determine exactly what vladimir putin and russia's goals are. during the meeting that they are in fact first and foremost interesting in defeating isil, however, there is very -- one very large area of disagreement, and that is the

the unit is the largest finance north american commercial truck and trailer market.l is slated to close in the first quarter. jane birkin says that ms can can -- says that hermes keep selling the handbag that has her name. s totals up 50% of herme sales. at the moment, markets are closing in europe. that's go to mark barton in your. -- in europe. mark: the biggest weekly gain in 2 months. there's only one thing that matters. next week's federal reserve policy meeting. investors are confident china will stabilize its financial market and economy, which led to the first rise in asian shares in eight weeks, and the first increase in chinese shares on a weekly basis in four weeks. percentebounded i've since dropping 5% on august 24, the biggest decline in seven years. the index, europe's benchmark is 13% below april's record. the biggest moving equities across europe on this friday's session, a swiss drugmaker, 5.4% lower. late on thursday, it is in talks to buy texas-based veggies farm. skeptical because of price. a danish television company, 7% lower today. theydic tel

united states. when people graduate from college, you can be number one from your classic harvard, or number one at yell, or the school of finance, or princeton, or stanford. immediately, if you're not a citizen of the united states, you get thrown out of the country. we want those people to stay. we want people of great talent to be in the united states, to work here, and ultimately to become citizens. i do not know enough about it to comment. what she jailed? i do not know much about it. go ahead. that is absolutely false. i win at golf, that, i can tell you. yes? well, i understand how the system works may be better than anybody. i understand the political system and also very much a system of coming in for illegal immigrants. do not forget, if i did not bring up the subject of illegal immigration, you would not be asking the question or no e would even be talking about immigration. immigration and in particular it illegal immigration, has becom a big factor. a lot of bad things have happened with respect to crime since i brought it up. but if i did not bring it up, immigration would not even be a subject that we are talking

we have a campaign finance system through citizens united which is corrupt and it's undermining democracybrothers can can buy to the u.s. government. ndent t to be dependent on small individual contributors. > the question has been raised, how do you edefeat hillary lannton on tuesday in the southern states, you have a plan to do that? andwould you do it? >> we do. we have only been in this campaign 4 1/2 months. south carolina and new hampshire sday a ling more. d chupertuesday, we have a very nough monce to win. grasow have a chance to put together a strong grass roots organization. we're going to obviously be aing tv and radio. rs're going to have a whole lot of folks knocking on doors of one-on-one talking to people. raise creating millions of jobs, thisng with climate change will resonate with people all over this country. >> thawould love to have you back. e dove got months ahead, rightsome. >> senator bernie sanders, thank you so much for being ,, >>> only on "cbs this morning," the inside story of i >>> the inside story of an heiress to a burger dynasty. " ♪ there is nothing new y

thomas jefferson talking about, you know, the average person should be able to understand the finances of the united states government to be able to understand where the spending is occurring, looking for fraud and abuse. the ig community has that same interest. congress has the same interest with respect to oversight. all of those are really important things. but those are things that often may not motivate in and of themselves. that's why it has been so important to talk to the federal community. i think we have been very successful why it is important to be moving forward. we have 57 data standards. this we issued 57 data standards, and this is important for a number of reasons. this one of the themes throughout my discussion. in the past when the government looks as a big initiative like this, we tend to want to build things. build big systems and make people do things. we spend a lot of time. we do a very itterative process or sort of waterfall process along the way. we've looked at this effort. we tried to look at it differently. we tried to look at it as a data centric effort. which is the ag

the ehrlich unit economics and finance. we look at international relations today. the dow is -94.in a moment. byomberg is brought to you td ameritrade. committed to helping advisors with the bigger picture. welcome to human finance. brazil, i am looking at not where it was on september 10. it is weaker this morning. you can imagine the government is managing it. it's a little bit like zambia. that brings in tracy. surveillanceuse of , where else would you get a quote on the zambian currency, which is now at 9.85 to the dollar. it strengthened a little bit this morning. the crisis is over, i guess. tracy: i would argue not christ. michael: this is about the worst performing currency in the world. tracy: this is one worst performers. michael: it gets back to the whole commodities question. were just talking about copper and we were talking about financial conditions. zambia is caught in the crosshairs of those trends. we have a stronger dollar and lower copper prices. and we have glencore cutting production of dramatically. tom: is the hyperbolic sense of the zambian currency someth

principal amount not to exceed $16,227,000 for the purpose of providing financing for the acquisition and rehabilitation of a 75-unit multifamily rental housing project located at 491-31st avenue; approving the form of and authorizing the execution of a funding loan agreement providing the terms and conditions of the note and authorizing the execution and delivery thereof; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; approving the forms of and authorizing the execution of certain loan documents; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the note and the project, as defined herein; granting general authority to city officials to take actions necessary to implement this resolution; and related matters. city clerk: sf 221234 >> same house same call. without objection this item is adopted unanimously. madam clerk call items 22-35. city clerk: item 22-35. item 22, for 49 #-31 avenue. item 23, [multifamily housing revenue note - 345 arguello boulevard - not to exceed $18,047,0

pleased to present today on 14 separate, issuance resolutions to finance the first phase of the rod conversion, plus this represents, 1422 units of housing and 14 distincts projects and you just heard the addresses. in total it authorize the city to issue up to $399 million dollars. in tax exempt multifamily bonds to finance, moderate rehabilitation of these projects. today, marks the major mild stone to make responsibility for the ownership and the management of these properties. >> under the program it will convert from public housing which was separate and study and severe cuts to the operating and capitol repair budgets, since the 80s. and to the section 8 program. and section 8, subdy contracts provide more stable, funding source that allows the projects to leverage outside of the housings for along the repairs of these sites. and when in the case of the 14 projects that we are contracting today, we are averaging about 285 million, in private equity, and 86 million dollars, in permanent debt. and we will complete, approximately 250 million, in capitol repairs, where we had the city is also contributing about 35 million to

we have a campaign finance system through citizens united which is corrupt and it's undermining-- >>ision said that billionaires like the koch brothers can buy the united states government and i want to overturn that and be dependent on small contributors. >> how do you defeat hillary clinton on march 1st super tuesday and some of those southern states? you have a plan to do that. how do you plan to do it? >> we do. again, only in this campaign in this four and a half months and initial put a lot of our resources into new hampshire and iowa and south carolina we are doing more. we think on super tuesday a lot of states out there we have a very good chance to win and we have enough money to put together a strong grassroots organization. we are going to, obviously, be doing tv and radio but we are also going to be having a whole lot of folks knocking on doors one-to-one, talking to people about who i am and what our program is. i think our program about raising the minimum wage to 15 bucks an hour, about creating millions of jobs and rebuilding our crumbling infrastructure, dealing wit

united states. when people graduate from college, you can be number one in your class at harvard or number one at yale or the wharton school of finance or princeton or stanford, and immediately if you're not a citizen of the united states, you get thrown out of the country. we want those people to stay. we want people of great talent to be in the united states, to work here, and ultimately to become a citizen. [ inaudible question ] >> i don't know enough about it to comment on it. was he jailed? i don't know much about it. no, no. yes. go ahead. [ inaudible question ] >> that's absolutely false. i -- i win at golf. i win at golf. that i can tell you. yes. [ inaudible question ] >> well, i understand how the system works maybe better than anybody. i understand the political system, and i understand also very much a system of coming in for illegal immigrants. don't forget. if i didn't bring up the subject of illegal immigration, you wouldn't be asking the question, nobody would even be talking about immigration, and immigration and in particular illegal immigration has become a very big factor. now, a lot of bad things have happened w

pleased to present today on 14 separate, issuance resolutions to finance the first phase of the rod conversion, plus this represents, 1422 unitsf housing and 14 distincts projects and you just heard the addresses. in total it authorize the city to issue up to $399 million dollars. in tax exempt multifamily bonds to finance, moderate rehabilitation of these projects. today, marks the major mild stone to make responsibility for the ownership and the management of these properties. >> under the program it will convert from public housing which was separate and study and severe cuts to the operating and capitol repair budgets, since the 80s. and to the section 8 program. and section 8, subdy contracts provide more stable, funding source that allows the projects to leverage outside of the housings for along the repairs of these sites. and when in the case of the 14 projects that we are contracting today, we are averaging about 285 million, in private equity, and 86 million dollars, in permanent debt. and we will complete, approximately 250 million, in capitol repairs, where we had the city is also contributing about 35 million to t

principal amount not to exceed $16,227,000 for the purpose of providing financing for the acquisition and rehabilitation of a 75-unitly rental housing project located at 491-31st avenue; approving the form of and authorizing the execution of a funding loan agreement providing the terms and conditions of the note and authorizing the execution and delivery thereof; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; approving the forms of and authorizing the execution of certain loan documents; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the note and the project, as defined herein; granting general authority to city officials to take actions necessary to implement this resolution; and related matters. city clerk: sf 221234 >> same house same call. without objection this item is adopted unanimously. madam clerk call items 22-35. city clerk: item 22-35. item 22, for 49 #-31 avenue. item 23, [multifamily housing revenue note - 345 arguello boulevard - not to exceed $18,047,000] sponso

planetary crisis of climate change and, wolf, a huge issue, we have a corrupt campaign finance system as a result of citizens united where billionaires are able to buy elections. the american people are saying this is not the kind of country we want to be. so i thought that those issues would resonate. but did i think they would resonate as quickly as they have? the answer is no. >> so why are you going up in these numbers in iowa and in new hampshire and hillary clinton is going down? >> well, i can't speak to what's going on with secretary clinton, but what i can tell you is we've been around new hampshire and iowa, the bigger cities, the smaller towns, and people are sick and tired of establishment politics. they're sick and tired of establishment economics. they don't want to see billionaires getting more tax breaks and cuts to social security, which is what many of my republican colleagues are proposing and, by the way, don't get upset with me here, tired of establishment media. they would rather see serious discussion about serious issues rather than so much of what we see. earlier in the week you said the cl

units. japan will provide $110 billion to build infrastructure in asia. finance ministry officials want the japan backed bank to take part in vechts and loans with higher risks. >>> and here's a look at our global economic calendar for this week. first bank of japan will wrap up a two day policy meeting. the governor will hold a news conference. over in the u.s. the latest consumer price index is due on wednesday. on thursday japan's finance ministry will release trade data for august. in july the trade balance was in the red for the fourth straight month. on the same day investors will find out whether the u.s. federal reserve will raise their benchmark rate for the first time in a decade. every monday we ask specialists to share their views on the coming week. in this edition of expert view we speak to jeffrey li. he's focusing on that fed meeting on thursday. >> i don't think they will raise rates next week. the latest they will do it is perhaps in december. as you can see from the jobs number and from the inflation and from real wages, the fed will not raise

units like fredric douglas hanesism plike new york, san francisco acknowledges many units are developed using financing that require affordability but they are only affordable for a limit time. [inaudible] concern to me especially because many of those units are in my dist rblth and the san francisco redevelopment agency which put together the deal to make it possible no longer exists. right now in my district the fillmore center has 223 affordable units whos rent restrictions wim legally expire in december 2017 if we do nothing. 223 house holds, is about 500 people who can see their rent sky raup rocket. in addition to the fillmore center, there are developments in other districts that have in fact the same fate. we are work wg the mayors office of housing to look at a variety of ways to keep tenants safe and protected in these units. in new york, i learned about tax incentives, grant programs density bonuses, using a erft to preserve and build affordable housing. in san francisco, we need to acknowledge that we don't have a comprehensive housing preservation plan and working together with the mayor a

units like fredric douglas hanesism plike new york, san francisco acknowledges many units are developed using financinghat require affordability but they are only affordable for a limit time. [inaudible] concern to me especially because many of those units are in my dist rblth and the san francisco redevelopment agency which put together the deal to make it possible no longer exists. right now in my district the fillmore center has 223 affordable units whos rent restrictions wim legally expire in december 2017 if we do nothing. 223 house holds, is about 500 people who can see their rent sky raup rocket. in addition to the fillmore center, there are developments in other districts that have in fact the same fate. we are work wg the mayors office of housing to look at a variety of ways to keep tenants safe and protected in these units. in new york, i learned about tax incentives, grant programs density bonuses, using a erft to preserve and build affordable housing. in san francisco, we need to acknowledge that we don't have a comprehensive housing preservation plan and working together with the mayor and

the charges have been the government is financing it, the military units are doing some of this, so the state part of it is clearly under chinese control. somebody earlier mentioned doesn't the u.s. do the same thing? we've got plenty of evidence to suggest the nsa is doing similar stuff. maybe not so much on the commercial side but hacking into the systems. neil: do you think anything approaching this magnitude? >> you know, on the security side, probably bigger. probably better than they are at it, and they're probably more vulnerable than we are at it. so i wouldn't be surprised if the nsa -- >> the financial side such more scary. you shut down our banking system, stealing credit card information from jpmorgan chase, the dow is going to go down a couple thousand points on that. >> we have to solve the problem, russian mafia is doing that separate from the chinese, there are individuals or organized crime doing this. this is a much bigger problem than the chinese problem, we have to find ways on the offense or defense. neil: i don't want to interrupt but you want to bring you up to sp

united. >> that's not what campaign finance reform sounds like from the democratic presidential front-runnert it sounds like from the republican front-runner tonight in texas. >> i'm self funding my campaign. i'm not taking all of this blood money. i'm not doing it. i'm not doing it. and i feel a little bit awkward and a little stupid. i have guys offering me millions and millions of dollars. you know, when you're in number one place then the blood suckers come out. the lobbyists, the special interests, the donors. don, we love you. guys you haven't heard from in ten years. i turned down $5 million last week. $5 million. i can't take it. i just close my eyes. it's really sort of not natural to me to turn down money. but i turn it down. because once i know the game, once they give you, you sort of owe them. >> the newest candidate for president is the ultimate cause candidate, the cause being campaign finance reform, harvard law school professor announced his candidacy for the democratic presidential nomination with the promise if elected he will resign and hand the presidency to the vice pre

even if the purpose is to halt iran's financing of terrorist groups. means, if the united states reimposes a sanction, in response to the iranian's continuing to finance, train,psa arm, equip, terrorist groups all over the world, iran, the foremost exporter of terrorism according to our own director of national intelligence, iran can just walk away from the agreement at that we are being third, according to the the non-partisan congressional research service the agreement has sanctions would not be applied. quote, with retroactive effect tive contract signed between any party and iran or iranian entities prior to the date of that application, end quote. this grandfathering clause will create an immediate rush of businesses to lock in long-termh contracts with iran. iranian foreign ministers sarif assured iranian lawmakers that the swarming of business for reinvesting their money is the biggest barrier to the reimposition of sanctions and he is right. the state department insiststh that each case will be worked on a individual basis but there is no guarranty that any case,

we are building affordable housing at a clip never seen before, 20,000 units financed, enough for 50,000e this is all improving the quality of life in this city. it's creating possibilities for every kind of new yorker, including folks that have not had an opportunity. i think the facts count for a lot. i think if you talk to every day new yorkers about their quality of life. people know i.t. was the safest summer. they're experiencing it. they're not feeling the crimes like they used to i have tremendous respect. they continue to drive down crime. 1,300 more cops to then them do that. this nypd is doing extraordinary things. i think it will get even safer. >> you keep a blog on what the administration is trying to stay active actively involved mental illness, you are stopping people ignoring that facet of it. >> tell us what you are doing. >> this is something that causes many people to become homeless. it is fought true most of the population suffers from mental illness. it's a small percentage of that group. it's suspect we have to address. mental illness is something we can treat t.

the united states and our partners are taking new steps to crack down on the finance that isil uses to pay fighters, fund operations and launch attacks. our military and intelligence efforts are not going to succeed alone. they have to be matched by political and economic progress to address the conditions that isil has exploited in order to take root. they are taking important steps to build a more inclusive and countability government and our nations need to help the prime minister in these efforts. in syria, as i said yesterday, defeating isis requires, i believe, a new leader and a government that unites the syrian people in the fight against terrorist groups. this is going to be a complex process. as i said before, we are prepared to work with all countries, including russia and iran, to find a political mechanism in which it is possible to begin a transition process. as isil's tentacles reach into other regions, the united states is increasing our counterterrorism operations and boosting support to nigeria as they push back against boka harem and providing better support for coun