. >> prudential. >> additional funding is provided by the xq institute. foundation. donating all profits from newman's own products to charity and nourishing the common good. the ford foundation. with visionaries on the front lines of social change worldwide. the ethics and excellence in journalism foundation. investing in the future of journalism with grants for investigative reporting, professional development and education. the yuen foundation. committed to bridging cultural differences in our communities. the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you! the again, from philadelphia theatre company at the suzanne roberts theatres, ifill.or, gwen [applause] >> good evening. hello, philadelphia, from the city of brotherly love. week'se of next democratic national convention. when we left cleveland this party divide,ft a in the wake of a nominating nomineeon whose new painted a dark, even apocalyptic vision of america. in doing so, donald trump made or it's us.s them >> i have visited the laid-off wor

it helps in the long run. >> prudential. x.q. institute. >> additional corporate funding for "washington week" is by boeing. additional funding is provided by newman's own foundation, donating all profits from newman's own food products to theity, and nourishing common good. the ford foundation. and excellence in journalism foundation. the corporation for public byadcasting, and contributions to your pbs station from viewers like you. thank you. emanuel ransom: when i first came to clarkston, the ku klux klan used to march in front of my house. maria hinojosa: today, small-town georgia has changed in some unexpected ways. we're sisters, you know, we were separated at birth. hinojosa: now whites are in the minority in clarkston, and it's home to refugees from over 40 different countries. graham thomas: you wonder if i've got any buddies anymore that think the way i do. should white america be afraid of becoming a minority? this is the new america-- black, brown, asian, lgbt, immigrants. the country is going through a major demogra

. >> prudential. >> xq institute. >> additional fund sg provided by boeing, newman's own foundation, donating all profits from newman's own food products to charity and nourishing the common good, the ford foundation, the ethics and excellence in journalism foundation, the ewan foundation, committed to bridging cultural differences in our communities, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. this week can be summed up in a series of moments. mrs. clinton: i get it that some people just don't know hat to make of me. gwen:clinton claimed the nomination, knitted together a fractious party, and got others to testify on her behalf as a leader, a defender of rights and as a mother j >> i'm voting for hillary as a role model and an advocate. mr. sanders: i am voting for hillary clinton and i will be proud to stand with her. gwen:at the same time, the democrats worked to undercut donald trump, with disdain and mockery >> truth be told, the rich

. >> prudential. x.q. institute. >> additional funding is boeing. by newman's own foundation, donating all profits from products to food charity and nourishing the common good. foundation, working with visionaries on the front lines of social change worldwide. the ethics and excellence in foundation, investing in the future of journalism with grants for investigative reporting, professional development and journalism education. the uwan foundation, committed bridging cultural differences in our communities. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, from the playhouse square hanna theater. ifill.or, gwen [cheers and applause] you. thank much.you very thank you, everybody. good evening. about.ot a lot to talk let us get to it. good evening from cleveland. site of next week's republican presidential nominating convention and we the realitiesith of the world. yesterday's horrific bastille attack in nice, france, had politicsable effect on at home as both likely party to

. >> prudential. >> x.q. institute. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by newman's own foundation, donating all profits from newman's own food products to charity and nourishing the common good. the ford foundation. the epics in excellence and joran little foundation. the corporation for public broadcasting and by contributions from your pbs station from viewers like you. thank you. once again, from washington, sitting in for gwen ifill this week, pete williams of nbc news. pete: good evening. as cleveland prepares to host the republican convention, the city has been forced by a court decision to redraw the boundaries for the protest zone, but inside the convention hall there may be protests of a different kind. with just over two weeks to go, it's far from settled that the convention will be the kind of coronation that donald trump is hoping for. and donald trump may announce his choice for vice president even before the opening gavel,

black enterprise recently partnered with prudential to host their new faces of wealth campaign providing insight on money management and the tools needed to create wealth for life. our panelists inclu co-founder of the man hood tour, andre whitfield. motivational speaker jonathan sprinklesing with and retired nba great, anthony hardaway. >> let's talk about man and money. what is the role you try to play in terms of both your experience and your example as men setting the tone for how you manage money in your family, your community, as entrepreneurs and in your life? generational wealth is passed down through having the wealth conversation. this is what money is. money is two things. money is the manifestation of a thought. because everything you think will become something. also, money is a measurement of the value that you create in society. so if you don't haven't money, it means that you're not adding value. so as my friend said, money chases value, and when you understand what that means, you start to invest in more, to add more value so that you can manifest more money in your life

what he's doing today is announcing macro prudential claus, we can back off the things we have to do. richard: he is. and it follows on from what he said last week about rates where they are definitely on the table, validating what investor expectations were for rate cuts in the near term. probably more qbe, and this is another prong of the bank of england attack. bore,e going in full because they are concerned about the indications of brexit. guy: he has a lot more tools of the box, but given the kind of wider remit of the bank, there's quite a lot the economy can do. whether it has an effect or not is open to question. richard: there seems to be a greater willingness from the treasury to provide fiscal stimulus in addition to the monetary policy and financial policy stimulus. carney does have more tools, but it seems treasuries are willing to help out. speak, weard, as we are looking at the pound down by 4/10 of 1%. give us a sense of where we see the adverse reaction. some saying that u.k. business expectations have fallen off a cliff -- there is so much risk aversion and the pound

. >> we want to let everybody know you, of course, tape it at the prudential center -- >> we do, during mother's day weekend along with good friendse williams, and we edit it and put it together. it's a great, great one-hour special hosted by, of course, greg kelly. >> absolutely. >> it's going to be a sensational night. i'm very proud of this year's productiy very proud of the spirit of this year's, because this year we're celebrating the arts. >> okay. just tell us about the lineup, you know? >> the lineup is so incredible, because you have wonderful gospel artists like the great for gospel than yolanda adams. and the one thing about her, she can sing. >> yeah. >> she really can sing. she's not only pretty, she can sing. and then, of course, everybody's favorite, the great pastor donno real, and he just touches us at the core, so we're excited about him. bishop hezekiah walker. i mean, he's so hot right now with that song you want to hear it, he's singing it. [laughter] saturday august the 6th on fox 5. >> he better. >> yeah, he better. [laughter] how about that? >> shirley caesar. fi

. >> so this little plot of grass is probably doing a little bit of cooling for the prudential buildingporter: chicago's former chief sustain ability office karen wigart says darker surfaces like concrete and asphalt, retain high temperatures, and, so-called, deep islands. >> in the day, the heat is absorbed and often actually released at night n day and night we even up with a harden requirement and move out more, we will get more trees, and green. >> reporter: wigart says chicago's, and, helped propel heat and provide shade. >> it is staying away from situations where vegetation has been removed, and then we have counter balances. >> reporter: heat dome is spanning much of the country in the 90's here, as well as in washington d.c., and new york, and with the humidity, it will feel like it is in the hundreds. dean reynolds for cbs news, chicago. >> wow. >> katie, that heat dome that like under the dome cbs show i would rather be under that then this thing. >> yes. that has more climate control. >> yes. >> it will be humid, and pretty brutal when it comes to the feels like values but n

with us today, from hofstra university, are gail prudenti, the new executive director of ccfl, and eric lane, who's the dean of the maurice deane school of law. nice to have you both with us. >> thanks for having us. >> so, tell us what the need was that presented itself, if you will, to require this be set up. >> well, from my point of view, system and looking for my next challenge, it was clear to me that there are so many families in crisis who come to the courts at some of the most difficult times in their lives that the center for children, families and the law at hofstra was doing new, different, exciting, innovative things that could help families and could add to and hopefully make it a more bearable experience. >> so, by "bearable," give me an example, for instance. now they have someplace to turn? >> oh, families will come to us or they'll call us and they'll say that they don't want to go to the court system, their best interest is in their children, and they want to get this resolved. and what we do is -- an interdisciplinary with the psychologist from our school of psychiat

a new body should operate separately from the prudential regulation authority and the financial conductperation to help -- "inadequate response". solar impulse to has become the first aircraft to fly around the world powered only by the sun. the plane touched down and out with dobby this morning -- dhabiown in dobby -- abu this morning. global news, 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries. you can find more stores on bloomberg at top . i am caroline hyde, this is bloomberg. francine. francine: bps second quarter results have missed expectations . earnings fell 45% although increase prices continue to erode income. ryan chilcote has more. it is quite tough. we are seeing more pressure on refining. ryan: that is right. that could be trouble for all big oil companies. we saw the share prices for shell fall on the back of bps earnings report which came in just $100 million shy of expectations with $720 million of adjusted profit. the issue is not just the falling price of oil, the issue is those refining margins. bp saying they were the worst

you want on the court is i'd like to think of it -- look at the diversity of idealogical or jurs prudential approaches on what is considered the right side of the supreme court versus the left. i think you would -- notwithstanding some scholars like to say that justice scalia and justice thomas are two paes in a pod, they are very much not. when you're trying to count noses on the supreme court, one of the jokes is who wins at the supreme court, it's not necessarily a theory, it's countsing to five. when you get to the five votes, i don't see that many places where we're actually wondering. what is justice ginsberg going to do with this case? whereas our side, our side tends to be telegraphing my bias by calling it our side, but the right side of the court has more sort of injure is prudential variety, where was justice o'connor going to be? where is justice kennedy going to be now? you can't predict where justice alito is going to be or the chief. that's what i would look for, is a nominee going to always reliably rundown that one path or is there -- might they be on their side and be crim

original valuation said deal did not do that well over time and it wasn't related to the american prudential but didn't have the resources but it really brought the factions to ahead of the board and after the board refused to back bob bottle lower valuation to still sell it, the relationship was in tatters and in than meeting in that july 2009 bob decided it was either him or her party had to go he talked about leaving before he had another famous saying he had something that was called f you money and that anybody should have that he would announce one of us has to go and that was with the most erratic board meeting he had ever attended. over the course of the afternoon the debate ensued with harvey in his office and bob in his hand the board wrestling with where the company would go and who would lead it. it may have been a foregone conclusion at that point bob had to do with there were so far down the road with his plan would make docents to lose him and he knew that at some level but something that afternoon harvey went into bob's office to say we need to repair our relationship and bob

that they are both competing for customers and the battle intensifies later when companies like prudential tried to get into the business. >> in he essence the black fraternal orders get out of the insurance business which was their life blood before the civil war. that's worth telling. thank you for that question. >> arwin smallwidth from north carolina university. the question is directed to professor miles and in general as marvin jones just mentioned particularly in north carolina, southeastern virginia and south carolina, you have large numbers of mixed race people who are native an century and goes back to the enslavement. and i believe that that is really -- that first 200 years of history, late 1500s through 1600s, before the revolution, is it really the formation of what we consider african-americans. how do we get the next generation of young scholars to fully develop and examine that? we talked about civil rights and these other things but we have not fully examined the relationship between native americans and blacks in the first 200 years of colonial settlement. >> thank you f

those with proper prudentials will get in the wells fargo vicinity after going through security.testers will be direct to fdr park. >> it is in close proximity to the delegates. buses will drive right by them. they will be seen and heard. that was very important as we select fdr. >> reporter: philadelphia police made it clear they have dealt with many protests before, take last night as an example, the commissioner said for the dnc the response will be fluid. >> we are going to respect the constitution and everyone's right to protest and i think the city and police department as well as other entities have done a good job at demonstrating that. trying to convey that to everyone involved. that is what we will continue to do. >> reporter: unlike papal visit all major highways will remain opened to pass eveninger vehicles. there will be restrictions for commercial vehicles on i-95. the exit ramps from broad street, from i-95 to broad street will remain closed for the duration of the dnc. you can find all this information including a list of restricted items, get a better look at tha

haslinda: donald trump has officially become the republican prudential candidate.mself as the outsider who can repair a nation teetering on disaster. reinforced campaign themes while criticizing his democratic rival. mr. trump: hillary clinton's legacy does not have to be america's legacy. the problems we face now, poverty and violence at home. willnd instruction abroad, last only as long as we continue relying on the same politicians who created them the first place. haslinda: hillary clinton poised to unveil her choice of running mate today. the democratic nominee will seek to reach out after a week in which donald trump and the republican party dominated the political news. virginia senator tim kaine, agricultural secretary tom vilsack, and cory booker are among the favorites. blamed theagarde has brexit for a downgrade to global forecast. she says the world is doing better than expected. dayi was hoping to come to for the first time in six years revise up words -- upwards the focus for growth. i would have done that, because were, japan, the euro area doing bet

it has said the new body should operate separately on the prudential regulation authority and the financial the inadequate response to the near collapse of a british lender in 2008. solar impulse 2 has become the first aircraft to fly around the world powered only by the sun. it touched down in abreu dobby, ending an epic 35,000-mile journey without burning a single drop of fossil fuel. it made 16 stopped in its circumnavigation of the globe. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries. find more stories on top . this is bloomberg. anna: let's find out how the asian+++ to david ingles has details for us. it seems the move in the japanese currency are influence the mood in the japanese stock market. that is one of the standout stories this morning. david: exactly. the inverse correlation between the two. japan is heavily weighted in asia. it is keeping gains on the benchmark fairly limited. the rest of asia, have a look at this. we are coming off the for these markets that are on the way down. hong kong is up. a lot of this is the casin

to say they are both theeting for customers, and battle intensifies earlier when companies like prudential try to get in. so in essence, the black fraternal orders get out of the insurance business, which had been their lifeblood since going back before the civil war, so that is a huge and important story. that is really worth telling, so thank you for that question. arwin: arwin smallwood, my question is rectitude professor miles and in general, as marvin jones just mentioned, particularly in south carolina, you have large numbers of mixed-race people who are of native ancestry, and it goes back to the and placement of native people and the mixing with african, and i believe that that first 200 years of history, late 1500s to the 1600s, before the revolution, is really the formation of what we call african-american. how would we get the generation of -- the next generation of young scholars to fully examine that? we talk about the rights, all these other things, but we have not fully examined the relationship between native americans and blacks in the first 200 years of colonial settlemen

. >> this little plot of grass is probably doing a little bit of cooling for the prudential building.> reporter: chicago's former chief sustainability officer karen wigert says darker surfaces like concrete and asphalt make the city into heat islands. >> in the day the heat is absorbed and often released at night. then if you move out more where you got more tree and more green. >> reporter: so plants actually help cool? >> they do. >> reporter: wiigert says chicago's more than 500 green rooftops help propel heat and provide shade. >> it's staying away from the situations where the vegetation has been removed because then >> reporter: chicagoans no better than to take the heat lightly. 21 years ago another summer heat wave struck the city and killing more than 700 people. >> you're seeing more heat waves and more heat in general. cities on multiple continents are asking these same kinds of questions. >> reporter: the heat dome is spanning most of the country and it's in the 90s here and in the 90s in new york. and in washington, d.c. and with the humidity, it's going to feel like it's

. >> this little plot of grass is probably doing a little bit of cooling for the prudential building. >> reporter: former chief sustain ability officer, karen wi wiegert, asphalt retain the high temperatures, turning metro areas into so-called heat islands. >> so in the day, the heat is absorbed, and it is often released at night. so day and night, you end up with a hotter environment then if you move out a little more, more trees and green. >> reporter: so plants, actually help cool? >> they do. >> reporter: wiegert says chicago has more than 500 green roof tops help propel heat and provide shade. >> it is staying away from where the vegetation has been removed. >> reporter: they don't take the heat lightly. 21 years ago, another heat waive struck the city, killing more than 700 people. >> you're seeing more and more heat waves in general, and so cities on multiple contents are asking the same questions. >> reporter: the heat dome is actually spanning most of the country. it is going to be in the 90s here in chicago. in the 90s along the east coast. in los angeles this weekend, yes,

say, they're both competing for customers around the battle intensifies later when companies like prudential try to get in to the business. so in essence, the black fraternal orders get out of the insurance business which had been their lifeblood since going back before the civil war. that is a huge and important story that's really worth telling. so thank you for that question. >> my question is really directed to professor miles. in general. as marvin jones just mentioned, particularly in north carolina, southeastern virginia, and south carolina, you have large numbers of mixed-race people who are of native ancestry, and it goes back to this enslavement of native people and the mixing of them with africans. i believe that that is really -- that first 200 years in history, the late 1500s through the 1600s, before the revolution, is really the formation of what we consider african-americans. how do we get the next generation of young scholars to fully develop and examine that? we've talked about civil rights. we've talked about all these other things but we have not fully examined the relati

alix: good to see you, mike collins, prudential fixed income senior investment officer.in the u.s. and growth in asia. it feels like they go hand-in-hand sometimes. jon: i want to go to the portfolio manager for blackrock's emerging market debt team. we're talking about low yields. i was talking to several guests about uncorrelated, diversified returns. people talk about emerging markets. do you see that story play into your world over the next few months? pablo: absolutely. we are on income. many front -- pension fund funders are struggling to upcoming liabilities. there is a good portfolio solution to the whole story. yields isr for longer bringing money to the asset class, and we have seen a surge of inflows, even through and after brexit. jon: pablo, how much of the story in emerging markets can d collect -- decouple from developed? it seems to be what is driving em right now -- the positioning in developed that is turbocharging em because people want to reach for you. are those stories connected right now, and can they really decouple? pablo: the first story is a la

that was done in '09 of prudential's acquisition of star edison in japan out of aig. i think a lot of people are feeling that there is opportunities created complex in the uk obviously but not off the page. >> didn't we announce the pickup? you have a big fall in the pound. you think there are a lot of people flooding in to look at it. as we all know, literally, nobody knows how brexit is going to be accomplished assuming it happens, which i think is likely. nobody has any idea. 150 laws that have to be addressed and changed. it is just very hard to kind of see your way through that but it depends on value. to your point, the pound is cheap. the dollar is very strong. there are some industries i think where acquisitions could make a lot of sense. >> can i ask you given be your history at golden sax international, what is going to be the impact in terms of the financial business in london going forward? >> i think everybody is trying to figure that out. i actually do think that resources will kind of leak into the continent. i think that will happen. i think it probabl

joining us quincy crosby, market strategist at prudential and michael, president and portfolio managero funds. michael, what are you on this question? and does it matter whether stocks are overpriced or underpriced in the short-term? because the alternatives are so few and far between. >> well, valuation always matters, tyler. so i think it's something you always pay attention to. but i think mike's analysis is correct. there is value in the stock market depending on where you look. i think there always is. certainly the more defensive names, the yield alternative names, the utilities, those sorts of lower growth but higher yielding types of stocks have been involved and the valuations reflect that. i think for us we're finding value or looking for value in areas that are beaten down that haven't kept up with the market that are more volatile levered to earnings and operating growth in the long term, probably more volatile higher beta stocks. i think longer term that's where the value is going forward. >> we'll come back to some of your picks we just showed on the screen in just a minu

the education in fact sheets but i think [inaudible] is planning to work through with prudential some the educational perspective as well's communicating to members as clear as possible with their signing up weapons would be the consequences somewhat unexpected if they do not make the payment which is there to be a number of reasons for we have to alert them to that survey don't get surprised by textiles when they [inaudible] usually the problem occurs when people series financial problems which often comes in hand with needing to borrow money in this case their own money but this would [inaudible] a lot of issues a lot of work has been done nonstop for the last basically year by staff. it's not over yet. >> got a get a couple questions what is the strategy were using to get the [inaudible] option out to our members? >> we are planning on doing a soft launch we are we will be having all the information available for the folks to actually, and request information and actual loan application. the application process is going to be online only. there's a reason for that. the probably mos