they are highly correlated but it was politics. it's very sensitive cases for the state because if the state does that, as this case shows, if they lose because they are found to have dissembled, they don't even get to the second half of the case. i can't come up and argue as politics not race, but if you think we're lying, by the way, we narrowly tailored. you don't have that opportunity. there has to be a high threshold. cromartie ii addresses those cases like a laser beam. if you want to give guidance to the lower courts, don't tell them you fake them out in cromartie ii. save that you are going to stick with that and identify this class of cases and said that's the test for those kind of cases. it's not the worlds biggest burden to come up with an alternative map. if the alternative map shows the way you take politics into account to the same extent with better race is by parent income to make a district that looks like this look like this, which is exactly what you found in cromartie ii. you looked at those maps and it was not

and they are highly correlated but it was politics. there's very sensitive sensitive cases for the state because of the state does that, if they lose because they have found to have dissembled they don't even get to the second half of the case. i kick my. argue was politics that race, and if you think rely by the way we narrowly tailored, you don't have that opportunity. there has to be a high threshold cromartie two addresses those cases like a laser beam. if you give guidance to lower courts don't tell them you fake them out in cromartie two. say that you're going to stick with that and identified the class of cases. it's not the world's biggest burden to come up with an alternative. if the alternative map shows the way that you take race or politics into the count the same extent with bader race by turning covenants or making a district look like this and this which is what you found in commodity too, looked at the alternative maps and it was not beyond man to come up with maps in the case. the. the problem is they actually showed t

hence the correlation has broken down for the first time since 2008.rabia this quarter has sold its first dollar bonds and opec members agreed to cut supply for the first time in eight years. what a wonderful chart, julie. if i was doing botc today that is what i would be doing. julie: all of those people investing in saudi arabia. let's check on u.s. markets. stocks are moving sideways,. little change for the major averages after we got at or near record yesterday. that is a pattern we have been following. oil is one of the things that is limiting gains. 2%de is down by nearly because in november opec had record production, even as they signed the production cut deal. the dollar up about 2/10 of 1%. the 10 year yield in a very tight range, unchanged at the moment. 2.39% as u.s. bond investors , areglobal investors waiting for ecb action or commentary later in the week. let's check in on the bloomberg first word news. emma: european union governments are ready to issue an ultimatum to the british prime minister. toy will tell her she needs seal a deal

had that high correlation, positi positive correlation in the bond yield. we're in a third one of those periods and in that environment, consistent with what i talked to michelle about a moment ago, cyclicals tend to do better and to the extent it represents stronger growth, value characteristics tend to perform better because when growth becomes more ample, easier to find, that's when you want to focus more on the value of those companies. when growth is more dear and more constrained broadly in a nominal level, that's when you want to invest in growth stocks. we think the characteristics of value and i say that importantly because you may find value in growth sectors, but the character ins of value i think is where they want to focus their attention. >> last week, chinese seized an underwater drone. today there is the assassination of the russian ambassador in turkey. both of those days lead to 50 point move lower in the dow jones industrial average. not huge moves. but raising the sense that once again there is headline risk, geopolitical risk in the mar

there is a positive correlation between satisfaction and pay but it is a very weak correlation.so you have to increase people's pay a lot to increase their satisfaction. >> how about if i make they will important? if i make them a cog. >> it is this mission. it is aligning my high of with the work i'm doing every day. >> can a company, say consumer coil, a manufacturing company. >> yes. so chlorox made the list this year. a famous consumer brand is being celebrated for a work place. in and out has been on the list for four years. >> on your feet all day hard job. yet people love working there and they talk about the investment the company makes in them. about the happiness and the sense of mission. >> we'll have to ask chlorox when they come on. the glass door co-founder and ceo. i find this to be incredibly compelling. it is part of the past speech. it's important to find out where you should be working. a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not

scarlet: you talk about how there is not a correlation with other assets, but there is a correlationan see the white line from bitcoin and the line is higher after the election and the blue line is the chinese yen. when it goes down, it is losing value. china is a popular destination for a bitcoin and a popular host of bitcoins medicus people are trying to get around -- a bitcoin, because people are trying to get around controls. can you tell us about the point in china? are people able to use it more as they store more of their savings and the coin? -- bitcoi n? >> the top two drivers of the sense of bitcoin prices is chinese capital control and speculation. it is not necessarily used for transactions inside of china, it is for allowing people to move wealth from inside of china to outside of china, in ways the government may not allow otherwise. and the other is speculation, a market that trades 24 hours a day and is incredibly fluid, you can go in and out at small transaction costs. a lot is happening in china and so that is activity, a lot of what is driving the price up is going

. -- you have an interesting chart showing a correlation. always an interesting chart, the dow short of 20,000. liquidity getting thinner. this is where that chart comes in. i want to show you the effects this has had on inflation expectations. this is the 10 year break even. you can turn that -- look at the bloomberg to get additional content. you can see what happens in the blue box as the oil prices and blue go down. it takes down inflation expectations. inflation on an annual basis. it has recovered a little bit, but still around the 1.93 mark. what are you looking at as they gear up for the holidays? rishaad: we came tantalizingly close to that 20,000 level. just seeing what is going on with the state of stocks and how people's money is doing. mumbai down. hong kong equities leading in this part of the world. a rise in u.s. stocks. oil prices firming after that drop on wednesday. that's a -- that is what we have at the moment. yousef: in this part of the world, just under two hours away from the opening of the emirates market. see how t

there is a correlation. i said we'll see at the end of the year where we are, but i hope you have as few punts as possible. >> their lockers are right next to each other. i know it's great, kirk, i was wondering if an electric toothbrush really cleans... ...better than a manual, and my hygienist says it does. but... ...they're not all the same. turns out, they're really... ...different. who knew? i had no idea. so, she said look for... ...one that's shaped like a dental tool with a round... go pro with oral-b. oral-b's rounded brush head surrounds each tooth to... ...gently remove more plaque and... ...oral-b crossaction is clinically proven to... ...remove more plaque than sonicare diamondclean. my mouth feels so clean. i'll only use an oral-b! the #1 brand used by dentists worldwide. coming up on today's telecast: >> in the name of jesus. in the name of jesus. oh glory!

how correlated isn't? in this so bad and then to demand that accountability if a martian said i have a way in the news that i don't trust you convince me but you have to be convincing in a real way. people assayed big data in throw that out there. hugh need to be shown why and how that's agrees it's you in the ways that you know, are true but having said that the example of how algorithms ironic we'll want to throw out that just imagine we had a really good big data algorithm, even if we did in ricans predict the future well, that is not necessarily a good thing in repeat will go wrong that in the hands uh your doctor for but of an insurance company who can charge you more that is terrible and finally imagine in the hands of wal-mart the employer can decide to tire or not because of the future insurance cost? that would be very bad. so there is no guarantee even if the algorithm is accurate. >> so those of algorithms terrify me so we just published a paper looking at people who are going to alcoholics anon

so i haven't seen any direct correlations. and i think, yes, there's something to be said certainly for, you know, his wanting to change trade deals, to work on these things. but i think as we see these actually implemented and going forward, we're going to have a fairly rocky market as companies start responding. so far things have been okay with carrier, but what happens when companies are facing, you know, we saw with boeing alone that their price dipped immediately upon trump saying he was not going to have the contract going forward to build a new air force one. so as these things happen and continue to create uncertainty, companies don't know are they going to be the next target, are they going to be forced to bring their jobs back or is that going to change how they're investing, i think that will be the most interesting tell. >> we've had virtually eight years of lawless making, the epa, jonas, the fact that could disappear is given stocks a lift. >> i think highest stokt return in history. those three presidents just

there is a correlation. i said we'll see at the end of the year where we are, but i hope you have as few punts as possible. >> their lockers are right next to each other.to e i know it's great, kirk, we're not winning games, but i haven't punted. i can think of one game where they should have punted. ? think of your fellow man. ? ? lend him a helping hand. ? ? put a little love in your heart. ? ound... ? ? ...and if you're lookin' down, ? ? put a little love in your heart. ? ?put a little love in your heart.? ? in your heart. ? (avo) the subaru share the love event is happening now and will have given ninety million dollars announcer: today on "tmz" -- >> there was a race war on tv last night of sports. tomi lahren was on trevor noah's show. >> for somebody who is not racist, do you have to spend a lot of time saying i'm not race snift >> she canceled an appearance on "the breakfast club." charlamagne said he can get to the bottom by >> so whether or not you're not racist? >> it's a good way though. >> wheth

correll had laid out a series of questions. nd he is a world class improvisor.f he says x, this is how you respond. the difficulty is one of mr difficulties. you have them working with civil yabs that they don't know they are in improv and develop these questions they are going to ask mccain like what kind of tree would you be? and what became famous in the turning piece was correll asked mccain, senator, you have been a strident opponent of pork-barrel spending, how can you justify when you were chair of the ommerce committee. and mccain freezes and deer in the headlights moment. and he says, i was just joking. now what was fascinating to me nd co rmp r emplmp l had not me. and they found that question driving over to the chute. and that kind of structure and genius is impro something that held it during the run of the show. dayy hat is the crux "the show" paradocks. in that moment, you hold account a senator whose entire identity based on a hypocritical behavior. i'm against this pork-barrel politics. we nailed you. and what do we have to do at that point? we

so, you kind of rejuiced a bit that correlation over the past few years. something that will probably need to be monitoring in the coming years to see if that relationship continued to hold and that the correlation between oil and the dollar may have faded a bit. >> if you were a betting man, where would your money be? heading into q1 in 2017? >> i would say continue to be long of the dollar. still some room there and i think also looking into some of the cumodacy currencies. the economy is not doing very well, but oil prices are set to increase. we've had that opec and nonopec agreement a week ago. so, there will be some upside pressures on oil prices that should benefit for the canadian dollar. >> the yen? >> the yen is also driven by yields that continue to increase in u.s. yields and continue to push dollar yen higher. >> the comments that are coming through from all of you. fantast took hear from you. keep your comments coming in. good morning to you, gary. good to have you with us, as always. you can also find us on twitter @louisabojesen. glad you h

down here, it's the lowest correlation of these stocks from 2007.a sign of a lot of variation within the markets. you have winners, you have losers, going by different -- there you go, the greek -- going by different wins. it's considered relatively healthy for stock pickers. >> i love this, because you think, oh, since the election everything has gone up together, and today everything is selling off together. in fact that's not happening at all, there's a ton of dispersion. could it be a better environment for stock picking, albeit it's one of the toughest things in the world to do? >> on paper, yes. but there's also more opportunity to fall behind, in theory, anyway. other people will say, it sometimes coincides with market tops. back in the late '90s it was back here too. you have a lot of groupins winng and others losing. we're going from a macro market to a micromarket which is all about cyclical forces. >> i just want to keep drawing on this. i meant to write "thanks." it was going to be -- >> in greek? >> i don't even know how to say it in gr

assetn you look at broad classes which one would benefit from a breakdown in correlation?ave to look at regionally rather than asset class. clearly if trump comes up with a set of policies that are cutting tax rates aggressively in the u.s., increasing tariffs into the u.s., about getting people to repatriate cash and the u.s., about making it easier for private-sector infrastructure building, i would say that looks sector infrastructure always takes much too long, all of those things would be bullish u.s. equities, steepening in the yield curve, bullish for the u.s. dollar. >> you have an quite positive on the donald trump victory. you are saying he is down to earth and will bring the american economy back to its feet. doesn't it imply a stronger dollar, even if he goes on a fiscal spending spree. we are at record highs on the bloomberg dollar index. in the short-term, the dollar gets stronger, but in the medium-to-longer-term, the heavy spending that he will embark on, and spending not only on infrastructure, but also defense , will result in people starting to think may

it is worth noting on the bottom, that if the correlation. the markets are highly correlated, making the case stronger for the idea we could see yields drop following swaps down. if we take a look at yet another chart, this is of a bond index -- the bloomberg barclays and get index. there are treasuries in there, investment grade bonds -- also said different bonds. we see a massive uptrend out of 2000 and we chose the starting point because it was the beginning of qe and the extraordinary rate policy that help the market to some degree, but in the orange boxes we see what are called death crosses, when the 50-day moving average moves below the 200-day moving average. it signals volatility for the market. not asf bearishness, and there are shows be for other markets. some ared suggest what saying is the end of the bull market in bonds, but the last three have signals volatility before the market has moved up. it is interesting to take this into account, and of course, we will be following this into the future, scarlet and joe. scarlet: thank y

, sometimes it's not correlated.'t invest on this. but i do think the dollar has run its course. >> for more "options action," check out the full show at 5:30 p.m. eastern time on friday. >>> still ahead, the rise in fake news stories has the internet in a frenzy. can you tell the difference between fact and fiction? we take to the streets of times square. you're watching "fast money" on cnbc, first in business worldwide.. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> welcome back to "fast money." i'm julia boorstin. with rising concern about fake news and ads being paired with questionable content, adverti

david rosenberg: there is still a correlation with the oil price.hat has been a big part of the story nobody is talking about in terms of freeing up low loss provisioning. the question will be, how much will the fed go? the banks are a good place to be because it's the best the front end of the yield curve. the markets are not even price 50-50 in june. if we get a repricing and the fed, the question will be the extent to which we get deregulatory situations for the banks that allow for credit growth. my sense is that if you will draw the probability curve, for this particular part of the stock market, there is still more upside in the next three to six months than downside. i am more areas positive on. david: thank you so much. coming up, the european central bank convenes tomorrow in frankfurt to discuss the next move for monetary policy in europe. we look at what to expect, next. this is bloomberg. ♪ >> a majority of americans say president-elect donald trump to not have to sell his business empire to avoid conflicts of interest according to the f

if we look at what that correlates with , it correlates really well with the groups that we live in. so i'm not sure if we have big brains or big neocortex is because we live in large groups are we live in large groups because we had large neocortex is. regardless we evolved to live in large communal settings . and when we talk about evolution, we don't play by the same rules anymore and we need to rectify that. this upper left, number one has a big fat meaty cortex because in its environment and add to adapt to survive by eating tough nuts and seeds and if it didn't, it went extinct. it had to that. the one in the lower right, that chimps environment had a carbohydrate rich environment where they needed to get the flowers to get the nutrients inside. if it didn't adapt, genetically evolved , it died off. but humans don't work like that. if we want to crack nuts, we build a nutcracker. if we are cold, we make jackets. we went to the moon just to check it out. we are very adaptable. we suit our environment to fit us and i argue that it's not the genetics that make us adaptable. it's w

brains that we got a specialized part, the ratio that makes us unique and if we look at what that correlates with it works well with the size of groups that we live in. regardless, we have evolved to live in a large setting and when we talk about evolution we don't talk about the same rules anymore and we need to recognize that. in its environment, it had to adapt to survive and if it didn't come it would go extinct. they have to adapt. the one in the lower right, there was a carbohydrate rich environment. they needed to get the nutrients inside and adapt to genetically evil it died off that humans don't work like that. if we are cold we make jackets. to connect, collaborate and create that are the evolved individual and that is a unique ability to what makes us human. so it is the ability to be humane. again we are fraught with contrived barriers of time. it turns out people are shocked when i say there is no such thing as racers only the human race. this is a fact. people in nigeria are just as similar as southern california in fact it could be more simil similar. it's just the fact. so am

will be good for some markets, bad for other markets, and we might get a break down in the high correlationething between and interesting active management environment. after a long time when it has been hard work. >> when you look at broad asset classes which one would benefit from a breakdown in correlation? >> you have to look at it regionally rather than asset class. clearly if trump comes up with a set of policies that are cutting tax rates aggressively in the u.s., increasing tariffs into the u.s., about getting people to repatriate cash and the u.s., about making it easier for private-sector infrastructure building, i would say that looks sector infrastructure always takes much too long, all of those things would be bullish u.s. equities, steepening in the yield curve, bullish for the u.s. dollar. >> you have an quite positive on the donald trump victory. you are saying he is down to earth and will bring the american economy back to its feet. doesn't it imply a stronger dollar, even if he goes on a fiscal spending spree. we are at record highs on the bloomberg dollar index. >> in the

precisely because race and politics are highly correlated. he drew the map to draw the democrats in and the republicans at. then he checked his work specifically with respect to guilford county, and he did treat guilford county differently, and he should have because it's the only covered jurisdiction in cd 12. he looked and is that i have the african-american community together. i don't have a problem. my friends on the other side want to take whatever quibbles are is about guilford county, it is uncontroverted here that with respect to every other part of the,

i would say this correlation in the graph your showing there is going to remain fairly weak. yousef: which other currencies stand to benefit off the stronger oil? bob: i think what it means is that a number of currencies such as the russian ruble, which are we go backalued, if three years, the russian ruble has gone from $30 to the dollar. we have reached a low point of 84 to the dollar and are now stabilizing at 64, 65 to the dollar. the oil-producing currencies are going to be much less under stress. the pegs of the middle eastern currencies, which did look stressed, i think those pegs now are going to have much -- be much less under pressure. very much. you bob parker stays with us on bloomberg. the closely watched election takes place at some :00 a.m. london time. london time. italy takes off a slew of pmi data from across europe. yousef: vladimir putin start his annual address to the russian federal assemblage. feds facebook the tells us a positive -- beige book tells us a positive story about the u.s. economy. anna: strength in the chinese economy. we will go live to be

the things that you can absolutely see the performance correlate is cross market correlation for the macro strategy. lower cross market correlations is exactly what we look for. do anythinge to different. we just take advantage of it across the stock picking. the less correlation you've got between individual stocks the more dispersion you've got between sectors the better it is. if we get a breakdown in the consensus that would from an investing point of view be ideal for us. it may now be perfect for the world economy. pure can you generate alpha that looks like a pretty attractive environment. everybody reverts back to the same thing we're in a different game plan. david: man group ceo luke ellis, thank you for joining us today. alix: dow futures are record highs. we have some movers in europe. german utilities up by almost 6%. that theyourt ruled are entitled for compensation for new nuclear policy. germany passed that policy after the fukushima disaster. we have a potential merger battle. so no fee offering a counter bid to j&j. the biggest biotech company in europe. there is bi

everyone agrees agrees there's about a 90% correlation between race and partisan identity. there's also a very good reason that we did not make a section five defense week as this was not a case about guilford county. their theory is not that we did something the various to overly comply with section five, their theories that cd 12 was drawn as a majority minority district. >> they did present both theories. they said proposed findings in mccrory that they purposely included a substantial number of african-american residents of guilford county and cd 12, the intentional placement of a number of black voters establishes racial predominance. >> to get them to 50% here's the thing, if they focused on guilford county they would add to problems. we would have to section five defense if that's how they queued up. >> but the senator of believe that it was necessary to avoid richard. >> exactly, everything they set about cd 12 was a concern about retro aggression which is what when the senator talked about cd 12 in guilford county he did not say we do it is majority minority distri

and they were ultimately scientifics with the multi-correlation.but it wasn't totally gone away and that there was a pathologist from pennsylvania who's actually done some very interesting work that started. it's not the person's space or body shape, but it's their mind. we just need to go deeper so he is looking at people that engage in spousal abuse or have some type of brain makeup that seems to make them have a higher propensity associated. it starts very primary which they acknowledge the differences in the brain structure associated with people that are more likely to engage in the white-collar and they have a capacity almost intelligence is a humbling conclusion. it is in a different way to be moramore careful way and ultimay the arguments around whether it is a physical cause, there are explanations and some of it got the difference between them and the executives, i could flip them around and i don't think most people would be able to tell the difference. they are cordial, intelligent, everything that you would expect a corporate leader to

the correlation is on the bottom panel.an see that those two elements have been diverging over the summer. but correlation seems to be coming back now. if we do get significant dollar strength, what is the impact going to be on oil? -- opec has been acting on the supply side. strength,he dollar the potential impact on the demand side. we are looking for demand mainly from the emerging markets. for is where the demand fuel is, where people are buying cars, building houses. this is where the demand is coming for oil. on how thatend dollar strength impacts markets there. it stronger dollar makes it marks ends of for people to buy oil in their currencies, that is a negative for the oil price. but at the same time, those companies are largely exporters. areountries like the u.s. able to buy more, but as a potential benefit for them. additional liquidity and cash could help economic growth there. uan gets that demand-side going. we will see about that. we will see how the markets react to financial issues like the dollar. and we

will: we found a direct correlation between how recovered baseball players were and how fast they werehing. we saw how recovered based on baseball players were and the eggs of velocity of the bat. we saw the athletes who are games were onaway average spending an hour less time sleeping than the athletes at home, and as a result, the home teams were on average 10% to recovered, so conventional wisdom says the home team wins because they have the fans behind them or they are in the stadium. charlie: how do you add more sleep to travelers? will: one of the powerful things we have seen is by monitoring their bodies. athletes are able to understand how much sleep they need. they think of themselves as athletes 24/7, and i think that is something that athletes like lebron james, tom brady, or other top performers, when you read about their sleep patterns, it is so special. it is easy to wear, lightweight. here is the sensor itself. here is the sensor itself. sensorsmeasuring five 100 times a second, and which you can see is that it is largely material, so lightweight and easy to wear, and wh

the 49ers have lost 21 of their last 29 games but the coach said there is no correlation to this. >> it's different what is gone on here. i think that we always look at everything on a weekly basis, trying to improve. you look at the game yesterday, it's about making one more play than the other team. it's not like we are not playing at all. our guys are competing. >> a lot of empty seats this the stadium. it seems like a while since the raiders have taken the field. they will be taking care of business against the chargers this sunday. in the meantime, a conversation about king. you guys are laughing but he got penalized for unsportsman like conduct against the chiefs. >> no. >> it's unpleasant to watch. the coach is not liking it. he likes his players to do their thing but not get carried away. >> i talked to him. it was unacceptable. i played a long time and did not have an incident like this in my career. i spoke to the staff, i will not tell you which coaches, i asked, did something like this happen to you, they were like, well, yes. i had a couple. we do not want to see that th

probably it was an unprecedented turnout against donald trump if you correlated the boat and readership of those stories. we are living in a country in which people are suffused in a crowd of not only like-minded people on their facebook feeds but also with brands that support the version of truth that they support, it's a cultural choice now that is reflected in our politics and that's what scares me, that's why i'm so scared. mr. thrush: the one answer to that is most people knew that donald trump had screwed around with that.what people do that and except that donald trump, they still voted for him anyway. it's not an issue of not penetrating, people understood that he was an uncharitable guy. they just did not care enough to vote against him. host: all right, all the way in the back. question: i'm john cummings. i have a question on not so much looking at the past but looking at the present , when the biggest thing on the horizon is precluding the electoral college, why isn't this plastered inside and out? what did the founding fathers intend? what are the responsibilities of it? wh

they have strove not to try to make that direct correlation. basically, it says that over a decade, pay rises have gone up over a decade, pay rises have gone up 80% for ceos but 1% in terms of performance. it seems we are not getting a good return for the investment. i think i would say we are ina investment. i think i would say we are in a more competitive environment now and if you pay peanuts... i do not have the finish that sentence. you cannot underpay people. the market rate has gone up. a bag of sugar has cost a lot more. my view is that if you're going to raise the pay, you should also be increasing the pay for people that actually work in the company. we have run out of time. health issues, constitutional issues... we got through the papers. thank you. that is it from the papers. many thanks for joining is it from the papers. many thanks forjoining us. that is all for us. hello, and welcome to sportsday. i'm reshmin chowdhury. swansea city sack manager bob bradley, with the team second—bottom of the premier league. it's 100 league goal

they have strove not to try to make that direct correlation., pay rises have gone up over a decade, pay rises have gone up 80% for ce05 but 1% in terms of performance. it seems we are not getting a good return for the investment. i think i would say we are ina investment. i think i would say we are in a more competitive environment now and if you pay peanuts... i do not have the finish that sentence. you cannot underpay people. the market rate has gone up. a bag of sugar has cost a lot more. my view is that if you're going to raise the pay, you should also be increasing the pay for people that actually work in the company. we have run out of time. health issues, constitutional issues... we got through the papers.

everything was correlated. now we are in a new paradigm. correlation has broken down.i think you're going to potentially get animal spirits coming to play in the second half of the year. we need some of these policies big enterprises -- baked into prices come to promotion. oliver: kathryn rooney very, thanks so much for coming from miami to new york. scarlet: is the market getting mixed signals? this is bloomberg. ♪ scarlet: this is "bloomberg markets." i am scarlet fu. oliver: i am oliver renick. time for the biggest business stories in the news right now. bombardier plans to slash another 2500 jobs in germany. the cuts will hit three separate plans. bombardier also plans to replace the head of its germany operation. and the pharmaceutical company astrazeneca is eliminating 700 jobs in the u.s. commercial business, including 120 at its headquarters in delaware. it will also affect sales and nonsales positions. one of the world's biggest clothing retailers is being accused of tax dodging. has allegedly used aggressive techniques to sidestep $624 million in taxes. the s

and we might get a break down in high correlations we have had.get something interesting in the active management environment. >> so when you look at the broad asset classes, which one would break down -- benefit from a breakdown in correlation? luke: you have to look at it regionally rather than particularly by asset class. clearly, if trump comes up with a set of policies that are cutting tax rates aggressively in the u.s., increasing tariffs into the u.s., that are about getting people to repatriate cash in the u.s. about making it , easier for private-sector infrastructure building, i would say that public sector infrastructure always takes too long to matter in the year. all of those things would be bullish u.s. equities, steepening in the yield curve, bullish for the u.s. dollar. >> you have been quite positive on the donald trump victory. you are saying he is down to earth, it saying he will bring the american economy back to its feet. doesn't that imply a stronger dollar, even if he goes on a fiscal spending spree? we are at record highs o

with the biological sex that correlates with their birth certificate. it's led by out going governor, pat mccrory and comes on appeal of charlotte's city council. they voted to rescind their lgbt ordinance that prompted the state bill. >> people are living in terror, trans people don't feel like they can use the restroom or be in public without fear. and lgbt people are also concerned and female discriminated against and everybody feels like our reputation is tarnished. >> some at the state level are not worried for an appeal. for another local government like charlotte to lead us down the path again. >> they are waiting to see if it will be repealed across the entire state of north carolina. >> thanks. >>> pennsylvania will begin taking applications to grow and distribute medical marijuana. permit applications for dispensaries and grower processors will be available online at january 17th according to the state's health secretary. the medical marijuana law was enacted earlier this year and allows patients to take the medicine by pill, oil, vapor, ointm

avenue, i asked aaa about drivers specifically in new jersey and she says they have not seen a correlation between the increase and how many are traveling this holiday season. new jersey numbers are strong for holiday travel. but wherever you are going or whatever are you doing, make it a safe one and make it a wonderful holiday season. katherine scott, channel 6 "action news." >> thank you be careful out there. >> take 6abc.com and 6 abc mobile app wherever you go this holiday weekend, from storm tracker 6 we have you covered and follow our meteorologists for weather updates as well. >>> well, authorities say that the prime suspect in monday's deadly truck attack in berlin, germany, died in a shootout with police. he some how travelled to milan, italy before he was taken down. >> the officers happened to stop him as he walked alone at 3:00 in the morning more than 600 miles from the scene of the attack. >> the manhunt ended in a dramatic shootout at a train station in milan. anis amri died after a shootout, shot to death by police. the officers approached him during a routine patrol and i

to mental illness and not correlated to ideology, i think the defense had a steep hill and they're goingry to come up with many factors that were used in the case and if he's doing the questioning himself, i think this is going to be a more difficult because i think for himself nobody wants to bring about facts that's going to embarrass or humiliate themselves. prosecutors are going to have an easy job here. ari, i wonder your thoughts on this whole idea that we remember for a while he was on the run when they found him inside his car. there were papers with the names of other black churches of african-american festivals that was coming up. he said in the confession video that he's a white supremasis. where do you find of this? >> the issue that we are discussing is not one mr. roof has been thus far legally strategic bringing forward. nobody is recommended to be their own attorney. that's sort of an iron rule of the law. certainly, this is an individual who should not be his own attorney for a variety of reasons and his own ability to do so. what legally comes next in that january part

anybody that wears tattoos, if they put a number on the body, numbers correlate to letters of the alphabet. the mexican mafia carry number 13, and the 13th letter of the alphabet is m. i look at date, 3/23/2012, if you add the numbers together it equals 13. if my opinion, that's probably were they close it. why they decided riot is another issue. >> next person to talk will be tased. >> with the dedication to secrecy, it's always difficult to gain intelligence on the mexican mafia. but we did meet some inmates who knew plenty. and were willing to speak. coming up -- >> we tell any ex member of any prison gang, your life is in danger. >> that's the way it goes, you're in it for life or you're dead, that's it. >> a former lieutenant speaks out. >> we start filming and our production assistant said, did you take the candy box out of the car? >> the lockup field team falls victim to heartless felons. >> give it up. >>> born in cleveland's juvenile detention centers, the heartless felons had grown to be a force within the cuyahoga county correction center. >> it was a little reminiscent of oliv

they're not probably as correlated or uncorrelated as people think they are.at a certain point it does matter. i hear what tim is saying. bk has been one of his concerns, it's been a strengthening u.s. dollar. that doesn't seem to want to obey. >> bulls will argue that lifted gdp will offset the headwinds, right, from a stronger u.s. dollar. we haven't seen the things that will make gdp go higher yet. we're in this sort of period where we don't have that, we have the dollar going higher. we've already seen some companies report, accenture, not a bellwether, but they took down their estimates because of the stronger dollar. >> gdp report today, 3.5% gdp. two-thirds of that came from exports. the dollar is 30% up, the explanation of exports. so an 8% rise in the dollar, completely wipes out the gain that you got in gdp today from exports. we've already rallied 10%. >> isn't that self fulfilling dollar negative? you're saying the dollar will choke off any check strength. last block you were spending much of your time arguing how weak the economy was. why is the d

you look at correlation right now, 30-decor relation, almost perfectly correlated. in april that was negative 0.9. almost perfectly inversely. this relationship between the dollar and stocks is not something that you want to build a whole edifice on top of. some companies, foreign portfolios on hedge, et cetera, have a lot more exposure than others and works out to be a wash f. we see corporate executives start to use it as an excuse to sandbag earnings, that's fine. it's important that we don't get carried away. >> pete, we try to help people make money but we're not naive to the risks that may be out there whether it's higher rates. doc mentions 260 to get closer to three, what happens? does the fed move faster? are people too optimistic on earnings because of the trump agenda being passed so easily and leading to a better economic environment? >> are people that concerned or are people looking at it right now and it's them or is it the companies themselves? how about prudential today coming out 2017 forecast was absolutely incredible if you had an opportunity to

correlate top 10 of 1% than 300 million americans. together and ese peak on those, what the pope "devil's dung," capitalism. guest: i don't want to pretend to be a constitutional scholar. is a fair reading we have economy mixed in a lot of ways. the government has important private sector has important role. purists tell you this is not cap tappism, some tell you it is too much capitalism. what we've seen around the world we've got fairly similar to what most other economies have, there is a mixed with significant rule for government. the question we and many other economies are facing, what government ole for be and a question that i discuss book, "an gth in my extraordinary time," whether making government smaller actual faster economic growth, leads growth.r productivity the evidence based on what we've seen in various economies around last 40 years e is there is not necessarily a connection. economies in which government has a larger role and they have grown faster than government which has a smaller role. vice versa. i don't thin

. >> oakland battalion chief mark coghlan helped correlate the search for the bodies inside and alsoty during the east bay hills fire and the loma prieta earthquake. >> i think i'm in denial right now i will go for a period in a little while what i will focus on how depressing it is. >> while the fire was raging firefighters had trouble getting their hoses inside because of that maze of debris. they saw stairwell but could not get to the second floor. >> they

rain is correlated with more collisions. this morning we're already starting out with a bunch of that -- bender -- fender vendors so leave the house -- benders so leave the house early if you can't . >>> police are investigating 2 sexual assaults from the past 2 days. we're joined now from campus where the latest incident happened just yesterday. >> reporter: the latest incident happened here at duncan hall. this is a science building with lots of classrooms and laboratories. san jose state sent out an alert telling students and steps that a woman was attacked in the stairwell of duncan hall just after 1:00. the suspect is described as being in his 20s wearing a dark gray sweatshirt, dark pants wearing a navy blue backpack. this is following another report on monday. campus release -- police released to the surveillance photos of the suspect . they say he assaulted a woman after following her into the student union from the 9th street plaza . the suspect was wearing a hooded sweatshirt with a black and blue jacket last seen