i'm here today with amy buckner and zurich buckner. mr. and mrs. buckner, you have been together for eight years, married for three,

and the citizens of zurich re-upped on the program. another example is vancouver. again, if you're going to reduce death, look, you're going to issue clean needles. you're going to issue a dose of heroin that's not going to kill somebody, not knowing what it is or what the quality, quantity of it is. >> jimmy: right, right. company that sold marijuana, true? you still are involved with them? >> well, actually, one of the -- i'm not involved with them anymore. >> jimmy: what happened? >> well, just that i resigned to do this. >> jimmy: you'll go back to the potheads later, right? [ laughter ] >> it's an exciting industry. right now one of the drawbacks to the industry is everything that is sold in any state where manufactured, sold in that state by residents of those states. >> jimmy: that's no good? >> it's not a good consumer model. >> jimmy: it would be great if that applied to food, wouldn't it? produce, et cetera, like that? >> well, food, yes. well, everything else. everything else is done in that model. you know what's not known here in california is that tec

the chief of police from zurich, in -- >> jimmy: is that on their website? [ laughter ] that's a hell of a -- wow. >> chief of police comes to albuquerque, he says, when they came out with this program in zurich, when they came out with this proposal, i could not have been more opposed. death, disease, crime, corruption was going to skyrocket, all my friends in law enforcement, we thought the same thing. he said, i'm here to tell you that it has been fabulously successful. >> jimmy: wow. >> that death, disease, crime, all the things they said would be worse are much better. and the citizens of zurich re-upped on the program. another example is vancouver. again, if you're going to reduce death, look, you're going to issue clean needles. you're going to issue a dose of heroin that's not going to kill somebody, not knowing what it is or what the quality, quantity of it is. >> jimmy: right, right. so -- well, you were ceo of a true? you still are involved with them? >> well, actually, one of the -- i'm not involved with them anymore. >> jimmy: what happened? >>

. >> heinz gerig teaches swiss manners to refugees in zurich.ocal government finances the course. the slogan here is not "we can do it request, as in germany, but rather you must do it -- compete with all the other job-seekers in switzerland. >> no one here is just waiting for you to turn up. you will only be successful if you are better than the other 300,000 people out there. then you will find a job. >> these 15already lived in switzerland for refugees have a few years. it is huge mix of people -- some exot read, others are academics. the goal is to help them excel. it's a year-long training course in the catering trade. hygiene is especially important, and often quite new for them. >> now to the toilets. you are not allowed to stand on them they are not built for people to stand on them. you have to sit on them. >> here in switzerland, quickly adapting to the country's customs is the key to success. they used to be explained right there at the border crossings. >> it used to be that people were given information about using toilets, showers,

a couple of weeks before he gave his speech in zurich he wrote a short article to "the daily telegraph" in entity uses a powerful image. he says you know the start of the spanish prisoner who has been in a dungeon for decades, and the man has wasted away. he has no energy and he has no hope. finally, he gets to his feet as he approaches the door of the dungeon, and with desperation he pushes on it once again. this time it opens. what churchill was saying, he said it very directly to the french. the greatest value that you can get from victory is magnanimity. you have to have the ability to re-create a europe in which they will be once again a spiritually great friends and a spiritually great germany. you don't usually think of winston churchill in quite those terms, but i think there is a that dimension to churchill, and it's the leadership we now need. thank you. [applause] >> i'm told from the for over five minutes for questions or i'm so it's not longer but there we are. as long as you don't ask me about 74 and all that is fine. okay, who would like to go first? questions? yes. >> o

she's in zurich. we're looking at a profit drop in ubs' year on year figure,s a noting the reserves on penalties linked to the misselling of residential mbss. >> absolutely. good morning. a lot of things here. as you look across the board, versus analyst expectations, today they beat or were in line. i think ubs believes this is a solid level of results, no matter where you look. we have the diluted eps, adjusted profits better than expected and the challenges that are ongoing for this bank and for all banks here in particular. and ubs don't see that going away any time seen. a bright spot here, given the challenges of negative rates, is what they're doing domestically in switzerland. if you look at their personal and corporate part of the business, they have the best quarter since 2008. i think this is a bright spot. of course the dividends. some concerns out there for investors that perhaps the dividend could slip. they have been talking about 60 cents. when i spoke to the ceo he reiterated we're st

por ciento en tan solo cinco anos...mientras que en otras ciudades tambien caras, como amsterdam, zurichs han aumentado en solo un quince por ciento en el mismo periodo... --a pesar de ello, los este mercadocomo una "burbuja".. paola si sale hoy a comprar cualquier cosa en la ciudad de san jose, pagara un poco mas.... hoy entra en vigor el incremento al impuesto sobre las ventas... la buena noticia? el dinero recaudado ayudara a mejorar servicios criticos.... take 2boxes david gonzalez salio a recabar reacciones... david, buenas tardes.... take david live david on cam tardes. ahora surtir la alacena, comprar un nuevo auto o tal vez una joya les costar po ms... pero segn lderes polticos comunid...r el bienestar de la takeo jense...hoy pmero de octobre, los negocios en sanjos. eso es...exactamente una alza del 0.25%... encontrar a la persona que abrio fuego anoche cerca de la preparatoria ''james logan'' en ''union city''... take vo --...la policia dice que alguien abrio fuegoespues que adolescentes se involucraran en una disputa al frente de la escuela donde se celebraba un juego de futbo

several times during the war, which made an aboveboard sale impossible, so it was auctioned secretly in zurich, with potential buyers bidding remotely. we should get a list of the other bidders. maybe one of the losers tried to steal it. i already tried. auction house isn't playing ball. i mean, they give up their clients, they lose their business. you know what? i'll reach out to the state department, see if they can apply a little pressure. i think i found our killer. iption exiting the parking garage at 10:30. that's 15 minutes after the murder. how come he was still around? probably stashing the briefcase. two minutes later, a subway cam caught him hopping the "f" train. now, his metro card was purchased with a credit card belonging to a freddy stark, a low-level dirtbag with a history of b&e and violent assault. nice job, sarge. [ chuckles ] so, beckett and i had been married almost a year, and -- and things were going great, and then, suddenly, she says she needs space. why is that my problem? oh, it's not, but i-i was just thinking, you could help me with my interactions with beckett, l

. >> the program of success path education is run by zurich. that nowhere in their marketing does it state that the hosts will be live or in person. we caught up with christina at this workshop on thursday. >> it's our tools, it's our system. i've heard minimal complaint. if i really felt that a lot of people felt that way, we would make a change. >> we will have more of the northern virginia, on the issues, barbara comstock and donald trump are the same. comstock and trump promote deportation and reject any comprehensive immigration reform. both oppose background checks that keep guns from suspected terrorists. and comstock-trump were prepared to shut down the government just for politics. time for luann bennett: comprehensive immigration reform now. common sense gun safety laws. bennett tells congress: do your job. i'm luann bennett and i approve this message. >> now, "good morning washington," on your side. we begin with a breaking news alert. >> we do have a plane off the runway. it is at the corner of 82nd we are in contact with port autho

vonnie: from new york to zurich, covering stories out of the u.k., south africa, and china. getting spooked by disappointing data out of china. we will get reactions from wealth management global cio towards a four-week low now for equities. mark: deutsche bank chief executives looking forward to cutting costs and shoring up confidence that the lender can get back on its feet. vonnie: wells fargo's john stumpf bends to public outcry over accounting scandals. -- he steppeddown down effective immediately. vonnie: julie hyman has been watching everything. >> the kicks have been mostly lower following a selloff sparked by that chinese export data showing a 10% drop in exports during the month of september. this reignites concerns about the chinese economy and the ripple effect across the globe. all of this is lower, asking if it had been the case in recent memory. the nasdaq declining month again today and the selloff on the yields we have seen earlier in the week mean the s&p 500 is setting up for more than a 2% decline in october. that does hold true, it will mean the worst mo

vonnie: we will take you from seattle to london and cover stories out of copenhagen, zurich, and washington in the next hour. surpassed wall street's expectations coming in at 2.9%. is that as -- is that strong enough to affirm a december rate hike? biggest maker of insulin plunges in trading after slashing its long-term target for growth. vonnie: amazon did not deliver for investors. revenue for the holiday quarter may miss estimates. bezos tells us why he is focused on customer's of session. we are 30 minutes into the trading day in the u.s. julie hyman has the latest. julie: we got numbers of the university of michigan. their consumer confidence, their final rate for october coming in a point lower than the initial estimate at 87.2. this matches the lowest level since 2014. looks like the expectations index is lower at 76.8. -- therent conditions folks who were serving a more pessimistic about the future and the present. we have stocks mixed with the dow and s&p higher. the nasdaq is little changed. the s&p 500 is lower for october. it is the third straight month decline. you see a drop

let's talk about "snl" and hannity and fox and trump with margaret sullivan and david zurich.id, you wrote that snl came out blasting. what did you like and what disappointed you? >> you know, nothing really disappointed me, brian. the most interesting thing to me about that opening was i remember when i first saw tina fey/sarah palin. i had to put down my notebook and enjoy it as a fan. it was this liberating experience. i didn't feel that. i thought they did everything fine. baldwin was good in performance, the writing and makeup was great. all of that worked. but then i started thinking what changed? in 2008, late night comedy was saying the things main stream journalism couldn't say. that palin was one of the goofiest candidates we ever had, and by the way, she would probably be a disgrace if she's elected. we couldn't say that. they could. it was liberating. now everybody, from editorial writers to people on the campaign trail are saying all the things about trump that were sort of revealed in baldwin's satirical take on him. so it's not anything that snh did. i thought t

he joins us from his office in zurich. why now is this a good idea?ll, one of the reasons is that janet yellen recently told the world that she is lilling willing to run a high pressure economy for some time. and that underscores what we're seeing which is the labor market is very strong in the united states. oil prices are -- they went down 75%, but now they are stabilizing. nd the u.s. dollar is -- its appreciation is slowing. so those factors for us made us want to go overweight the tips versus similar high grade bonds. vonnie: mark, the federal reserve is trying to get inflation up towards 2% and has been for years. what makes you think because janet yellen decides it would be a good idea to have the economy run hard they would be able to have the economy run high? >> we're seeing that c.p.i. number, consumer price index, we're seeing that inflation pick up from zero to 1.5%. we actually think it could be closer to 2 1/2 percent by the end of 2017. mark: mark, is inflation going to pick up elsewhere? or is this just a u.s. thing you are looking at

there is a mystery to it, the gnomes of zÜrich except it is not zÜrich, it is germany.urprise when you shifted from commercial banking to the great and mysterious bundesbank? >> i am the first ever from the private sector having been supervised myself to join the board of the bundesbank. now i am the longest standing member with 6.5 years in my term. i can tell you, in the bank of america, there was quite some br christine and there's some bureaucracy here. i came on the first of may, monday the third of may of 2010 and on that very weekend, we had the first package for greece. i have been living through the entire euro crisis as it is called, nothing to do with the currency. i can tell you that many people work much harder than you look from the outside within the bundesbank. there is a very national feel that we, among supervisors and central bankers, meet very often. a very close corporation among ourselves -- cooperation among ourselves and i enjoy my time. meeting at the london headquarters. in the next hour, with deutsche bank, we are thrilled to bring you alan ru

i got in from rome last night, and i spept tnt the debates and whole lot of time in zurich and genevavery interesting. >> i want to ask you about cuban and what you say to each other off camera. i don't know whether that's -- whether we can do that or not. you think about that. for more on the sector rotation going on in the markets right now, let's bring in cnbc's senior markets commentator, mike santolli live from the new york stock exchange. hello again, mike. i've heard some of your thoughts on this already. >> you have. that's the benefit of working a double shift. right? you get to kind of mull this stuff over. the market itself, basically nothing since july 15th. s&p 500 flat. within the sector, if you look at the high beta etf, bahisticly the fastest moving most aggressive stocks in the s&p 500, that's been outperforming segmentally over the last few months. of course, on the down side is those low volatility stocks that were so popular in the first half of the defensive groups. stable businesses, dividends, all the rest have not been winning. now, what's really going on. with

tom: the only equivalency is switzerland and zurich where you have the mass dominance of two financialarvices impact for switzerland. it is way more than what we see within the united states. london is the pivot point. good morning to all watching in edinburgh, but it is a pivot point. david: as they come forward with their budget, there's a dilemma here because you might have to cut taxes on banks to keep of their. tom: where i would really go is over the weekend, and a lot of smart work. writeup in wonderful the telegraph on inflation dynamics. to me that will be much more front and center for the chancellor, the prime minister, and governor carney. the quality and character of a presumed move higher in inflation in the united kingdom and what they can do about it. david: especially with the pound. tom: at&t can bid for the united kingdom. [laughter] david: in for a penny, in for a pound. thanks so much to tom keene. tune in from 7:00 a.m. to 10:00 a.m. every morning eastern time for bloomberg surveillance radio. alix: i want to highlight some key things coming out of t-mobile's earni

." ♪ vonnie: we will take you from seattle to london and cover stories out of copenhagen, zurich, andl street's expectations coming in at 2.9%. is that as -- is that strong enough to affirm a december rate hike? biggest maker of insulin plunges in trading after slashing its long-term target for growth. vonnie: amazon did not deliver for investors. revenue for the holiday quarter may miss estimates. bezos tells us why he is focused on customer's of seio

i'm very pleased to welcome simon smiles, he joins us from zÜrich.-- recent notes, you expect s&p ps to rise your on your for the first time since q2 2015. can you walk into the basis decks and how important they are? mr. smiles: very important. there was a recovery in earnings and returned earnings growth. underlying that was improvement in tech earnings and also the fighting of the pressures caused by much lower oil prices and much drug or u.s. dollar -- much stronger u.s. dollar. consensus in this quarter was , we've already had tony 5% and did more than 25% in the s&p 500. earnings are 5% to 6% up. that's ahead of our relatively optimistic forecast. there's not a valuation driven case, it's a case that i would think that was underestimating growth. we are happy we are seeing that coming through. jonathan: it's coming through in the short-term. let's take this further out. the base effect is favorable, but is the revenue environments going to be favorable for these guys to actually find real growth, not just fueled by base effects? mr. smiles: i t

vonnie: from new york to zurich, covering stories out of the u.k., south africa, and china.ing data out of china. we will get reactions from wealth management global cio towards a four-week low now for equities. mark: deutsche bank chief executives looking forward to cutting costs and shoring up confidence that the lender can get back on its feet. vonnie: wells fargo's john stumpf bends to public outcry over accounting scandals. -- he steppeddown down effective immediately. vonnie: julie hyman has been watching everything.