this could be a long-term strategy had by long term i mean hundreds or thousands of years. could reach mars and have explored the moon and 200 years.lanets in by reach, i mean 200 years. flight.n person space we have already driven toward mars and landed on saturn. if one is considering the future of the human race, we have to go there ourselves. not bento space will cheap, but it will take only a small portion of world resources. the question has remained in real terms since the time of the apollo. of gdpdecreased by 23% in 1970 and is less than 1% now. even if we were to increase the international budget to make a serious effort to go into space, it would only be a small fraction of world gdp. there will be those arguing it would be better to solve a our pollutionhings like rather than wasting it on a possibly fruitless search for a new planet. i am not denying the importance of fighting climate change and global warming by it is still a small percentage of world gdp or space. this is our future. worth a quarter of a percent. thought space was worth a big effort in the 19

people come on, say invest for the long term. maybe the long term doesn't look so good? something like this happens everybody says, what if this time is different? the sky is falling this time. i think probably during the recession, you know -- melissa: would you double down right now? >> i mean i would. i love a good deal. stocks are on sale right now. that is one way you look at it. if you're afraid to go. >> stock market because afraid of losing money -- melissa: now is time to do it? >> sounds counter intuitive. i love stuff buying it on sale and when the stuff makes me money it's a very good time for investing. >> that is interesting point of view. it is very brave. >> as long as you invest properly. melissa: what does that mean? people we have on, wow really looks like tech is on sale. that is a huge opportunity but this could be a rotation where all of sudden those stocks are under pressure for a long time because of trade wars, because of what may happen with semiconductors, because of their exposure to foreign countries. what do you think about that? >> that is

then long-term recovery. which is what i'm seeing in northeast houston, cashmere gardens, and a number of other pockets of my community. people are still suffering. what is your thought about that? that would be really on the second phase of where the governor is now. people are in hotels. they need housing. people's housing are still in bad condition. what do you think about structuring along with some amendments on the staff, i realize that, but that there is a bifurcation so we know when we are in the federal long-term recovery period. >> well we can't agree more it isn't happening fast enough. what administrator long said earlier about grant with the state, i think it has potential to make things go more quickly with one caveat, which is it would have to free the state up from all of the compliance issues that are 2 cfr and other stafford act requirements. and you know this congresswoman, but we have ample laws in procurement and risk law to protect against fraud, waste and abuse if state statute we would

calls for a long—term funding plan for the nhs in england — ministers say they'll come up with a blueprintyear. and on newsnight, before mike employee who sparked global economic privacy said that the uk might not have voted for brexit had it not been for cheating by the leave campaign. good evening and welcome to bbc news. there's been a comprehensive apology by fire chiefs for their response to the terror attack in the manchester arena last year in which 22 people were killed and hundreds were injured by a suicide bomber. the report found the fire service played "no meaningful role" for nearly two hours after the attack. there were poor communications between police and fire crews to co—ordinate their response. and a helpline service for relatives, provided by vodafone, failed completely. the kerslake report is also highly critical of the conduct of some of the media following the attack. judith moritz reports. screaming. it was just chaos, there was people everywhere on the floor. plenty of which weren't alive, or barely alive. ijust... yeah, i don't know, ijust went around and tried to

possibly think of to try to help it is fine when short-term interest rates were effectively at zero and long-term rates over 3% and it seemed clear to me that there was plenty of scope so the two major obvious things were communications with the short-term interest rates that then have bearing on longer-term interest rates. so people will study for a long time with the u.s. monetary policy forum and the effectiveness of asset purchases. but with my reading of the literature, the overwhelming studies to my mind backs the long-term purchases or asset purchases over the premium exactly how much, i'm not sure but with the studies that people typically do to capture what happened but some of what we did anticipating those exact quantities or how long the program may last if the fed something more. in those of capturing what happened in that guidance that we gave was quite effective to lower expectations of shorter interest rates people of the fomc it would be a situation that could last for a short time not just one year or two. but seven years we held rate at zero and people did not expect that now t

tariffs long term you know not that well that they will not get a long term exemption from u.s. tariffs on steel and olive minium so they need to prepare for such a scenario secondly you have the issue of a nerve agent attack in the u.k. so expect a strong condemnation here from e.u. leaders and finally to reason may is in town and she will get the sign off for a transition period that has already been agreed because tree negotiators it's the latest achievement in what has been a tough year of negotiations and i've put together the key events and here is what happened previously on brics it. forty four years after joining the european union britain's ambassador to the e.u.

recovery they can deal with and move quickly on the long-term recovery be helpful to you? legislator from puerto rico i'm stunned about politicians and partisanship because i know that congressional persons, republicans and democrats came to puerto rico with the greatest sincerity. i'm planning on being there in the next couple months. didn't see any partisanship just a cry for help. if you can answer that but, to the gentleman from florida, would that be helpful to you? would it be helpful when your constituents apply for fema and get that 335 there is so much red tape people are struggling and can't get it. given the 335 and let them provide documentation because you're denying them on little problems of documentation, but with the long-term recovery be helpful to you if there was a process so it could be a focus after we've done all the initial rescuing? no. >> yes, ma'am, of course. we saw something encouraging out of the federal government, national disaster recovery framework. all the reaction we be in actual response is expected on the back side during a recovery op

and the dollar is not too far out of line with other currencies, if you look at a long term perspective. what it's going to do in the short term, there aren't many people good at predicting that. we're looking at earnings over the next five to ten years. and what happens in the short term is not going to affect us. maria: okay. >> some of the large cap companies have a lot of international business, some don't. maria: yeah, i think you're actually right. and a lot of people recently have been talking about the emerging marketing creating an opportunity. europe finally we're seeing growth numbers out of europe. the large caps you're investing in are benefiting from the recovery we're seeing across the world, correct? >> sure. you know, we -- that's true because a big chunk of their business is international. but w are very u.s. sen trick in what we do, especially i the long short portfolios where we don't have the balance currencies and trading costs. we focus mostly on the u.s. and of course u.s. companies do benefit from international business, as you know. maria: so do you think that

and we need a sustainable and long—term plan.hould build on the work of the five—year forward view but beyond it. a plan which allows the nhs to realise better productivity and efficiency gains and this is for me a priority. so this year and and this is for me a priority. so this yearand in and this is for me a priority. so this year and in advance of the spending review next year i want to come forward with a long—term plan. i want that to be done in conjunction with leaders of the nhs, with clinicians and health experts. and the government will provide a multi—yearfunding and the government will provide a multi—year funding settlement in support of the plan consistent with oui’ support of the plan consistent with our fiscal rules and balanced approached. but ensuring the nhs can cope with the rising demand ahead of the spending review. the nhs england chief executive, simon stevens has called the announcement of a funded long term plan "very welcome, timely and significant". fire chiefs have apologised for their response to the

>> no, medi-cal as a benefit covers long-term care. san francisco health plan, those benefits are carved out. so san francisco health plan is the public health plan that essentially provides medi-cal benefit for a medi-cal managed benefit and long-term care is outside of medi-cal. we serve 140,000 san franciscans but there are probably another 30-40,000 san franciscans outside of the plan that are in skilled nursing facilities or long-term care outside of managed care. >> supervisor yee: do you know what body actually -- do we have a body in san francisco that looks at -- or tries to coordinate that piece? >> that's a tricky question. so the benefit -- so that is a fee-for-service benefit and that is administered by the state of california. but you absolutely have a number of departments here that are concerned and help with the administration of long-term care. you have the department of public health runs a very large skilled nursing facility, that is a medi-cal fee-for-service provider, but it's different. you don't have a local ent

philip deficit spending for long—term capital spending. 2020. there is a political argument around austerity and what amounts to austerity. what the chancellor is trying to do is make this argument he is for a balanced approach. what is striking is that on the one hand he is saying there is light at the end of the tunnel, the vision of the optimists, but the vision of the pessimist, that's his view as well. today you had philip hammond and his opposite out and about, doing their thing. politically, five years ago, this would have been the staple of politics. you remember rows about spending cuts, are they necessary, should the be delivered, but now it is niche. so much airtime is spent oi'i is niche. so much airtime is spent on brexit. you have these gentlemen out setting out their budgets. this isa out setting out their budgets. this is a big fiscal event, moments with tax and spending changing hugely, significantly, at least they can. we have the spring statement. even calling it spring is optimistic. but it will be a non—event. calling

and the dollar is not too far out of line with other currencies, if you look at a long term perspective. what it's going to do in the short term, there aren't many people good at predicting that. we're looking at earnings over the next five to ten years. and what happens in the short term is not going to affect us. maria: okay. >> some of the large cap companies have a lot of international business, some don't. maria: yeah, i think you're actually right. and a lot of people recently have been talking about the emerging marketing creating an opportunity. europe finally we're seeing growth numbers out of europe. the large caps you're investing in are benefiting from the recovery we're seeing across the world, correct? >> sure. you know, we -- that's true because a big chunk of their business is international. but we are very u.s. sen trick in what we do, especially in the long short portfolios where we don't have the balance currencies and trading costs. we focus mostly on the u.s. and of course u.s. companies do benefit from international business, as you know. maria: so do you think tha

>> long-term in the oil world is quite bad.nk that yesterday we did a piece about how natural gas use is probably going to be peaking. if you have a ten, 15 year horizon, oil and gas is going to be quite bad i would not own those stocks sam in illinois. >> caller: how are you >> long day. how about you? >> caller: long day, can we talk trading here for a second? >> sure. >> caller: okay. with all of the volatility we have had lately, making the options prices very expensive. so, instead of messing around with those vix etfs and stuff like that, if you want to be short volatility, why not sell out of the money put spreads, high probability of success on good stocks when they are down bad. >> you won't do that and here is why. in 1987, i was trading in the crash. and the firm that i was at, because i had left goldman sachs was a very good firm and they had out of the money put strategy when the market crashed, they owned everything and they didn't have the money and they went under. i came in, office was locked up. now i got to t

do you think that is easily changed and what are the long-term effects on both sides? guest: i think the long-term effects have been destructive and the senate is a post -- is supposed to be this cooling saucer. when filibusters were real but rare and you really needed the majority and minority to come together to get anything done, but the senators understood their obligation to do that. when one person couldn't hold up the senate indefinitely. that was how the senate used to work. without those restraints, it has become a block on the nation rather than -- it has essentially impaired our progress rather than being what senator schumer said, which is that begin of hope and common sense that we so need at any time, particularly now. host: here is raymond on the democrats line. caller: thank you for taking my call. you're absolutely right, if you remember on inauguration day -- announcer: you can find the rest of this program on c-span.org. and

we've been in long-term lease at this location. >> and finally, she is making too much. and no longer qualified for this programme. does that happen with any kind of regularity, is that ok for this programme? >> it has not arised for anybody to make income, to be able to rent within this market currently now. so we do have guidelines and someone would not be deemed and eligible for this to make it two and a half times the monthly rent. so, with those guidelines, we probably will not foresee that there would be an individual who would -- to be able to take over the lease and assume those rental payments. >> ok. thank you. any other comments of the commission? >> i did have one more question.

it's not impossible for committees to make long-term commitments with some credibility. i would say our plan to shrink or balance sheet is a commitment that it got great support in the committee. we think it is something that will hold, though, for many year, but the government's arrangement's challenging. so i think these things need to be studied. i would be, myself, quite open to considering different approaches, and i think it's a real problem. you know? finally let me just say, i really think mont tear policy should not be -- it's not a healthy situation for monetary policy to be the only game in town, and i would like to see a situation in which fiscal policy was in a better position to make a contribution on the kinds of occasions and situations where talking about and that's one reason that our current fiscal situation concerns me as much as it does. >> thank you. so i'm going to take two or three questions and give them a chance to answer. there's a guy right here in the pink shirt. thank you. i want you -- tell us who you are and keep the questions short and re

especially if it is optimizing for the long-term.ed to ensure we are continuing to invest in long-term growth ensuring we are doing it in a sustainable way. i think the challenge of any business leader is to hold those two things on top of mine at the we areme and to ensure helping navigate companies through those trade-offs so we are consistently putting the long-term interest of the company first and ensuring we are setting ourselves up for long-term sustainable success. >> the competitive landscape has also changed and there is data att shows gained writers uber are going through a cultural transition. would you think you have on the competition? are you at all concerned of the threat of lyft? meghan: i think writers and drivers have a choice of whether to use uber or not. they can use another platform or drive their own car or choose to walk or some other alternative. at the end of the day, but we find exciting is the opportunity for people to be able to leave their keys at home or not by that second car or the first car to begin

we've been in long-term lease at this location. >> and finally, she is making too much. and no longer qualified for this programme. does that happen with any kind of regularity, is that ok for this programme? >> it has not arised for anybody to make income, to be able to rent within this market currently now. so we do have guidelines and someone would not be deemed and eligible for this to make it two and a half times the monthly rent. so, with those guidelines, we probably will not foresee that there would be an individual who would -- to be able to take over the lease and assume those rental payments. >> ok. thank you. any other comments of the commission? >> i did have one more question. >> outcome objectives, it talks about programme participants have other housing options, at least 75% of participants who exit housing will secure housing appropriate to their needs, etc., and goes along with your former question as well. so, what happens to the other 25%? generally. >> i mean, of course --

you have to be a long term investor. we add money to each account as we earn our money and put it aside, put it into the 401(k) or whatever it may be. and over three, four, five-year periods, these little movements don't mean anything. you look back and go oh, that's great. i bought it at x and now it's x plus two, whatever it might be. so i think people understand the volatility of the markets. maria: does the growth come organically in the next five years or more acquisitions? >> we are not much of an acquirer of other companies. we've been much more about natural growth. and we open up nearly a million accounts a year. it's pretty incredible and we're at a very fast pace right now. it's so fulfilling to me, as the founder of the company, to see the acceptance and see the number of people, new people, not just -- new to investing actually, some of the younger people coming in. i really enjoy seeing that also. >>> more of maria's exclusive interview when "wall street" returns. >> we're sort of like the walmart of invest

the nhs does need predictable, long—term funding.his commitment will be does it include the nhs and the social care system? with an ageing population, it is simply not credible to fund the nhs but starve social care of resources. and, most importantly, what is the level of funding increase? nhs england said the announcement of a long—term plan was welcome and significant. staff and patients, though, will want to see the detail before deciding whether it can put the service on a secure footing. hugh pym, bbc news. our deputy political editor, john pienaar, is at westminster. what is your reading of the thinking behind this, john? well, theresa may, huw, clearly means it when she says she is a supporter of the nhs but she is under enormous pressure from nhs professionals and managers and the public, and from mps at westminster, including her own health secretary, who was floated the idea of a dedicated nhs tax. this could be a significant moment. we are told there will be more money, but we have no idea how much. we do know, i can tell

with we said short term the us maybe could bear the cost long term will the us win with such a strategy of us against them i certainly don't think so i don't think anybody ever wins in a trade war over the short term yes over the long term no and. just made an example with the cars and that i think goes back to my point of him not understanding the complexity. off the markets here of course it's correct that american cars have a higher tariff in europe than the other way around but it's exactly the opposite on many many other goods and all in all it basically equals out it's not such an unfair system to be to begin with so you can't really make it a lot better but you could obviously make it a lot worse thank you very much thanks to all of you for being with us today and thanks to our viewers for tuning in see you serious. to measure a small country one of. the be the center of chinatown. the trip by canceling the seventeen zones and kilometers to six with risk taking landscapes place from the total experience of. coaching. seven to muslim cultures through cut off just enough fog d.w. .

we feel that the market continues to be a great place to be for our long-term investors. >> but in the short term you will have toe higher interest rates. everybody believes that the fed this month is going to be raising rates yet again and maybe as many as four times this year. how do you change the investment mix if that happens? >> well i mean, i think certainly with the concerns around inflation, there's a realistic possibility that the fed could raise four times this year. the market certainly would have forecasted in three rate increases and i think we'll see one as soon as next week at the next fedmeing, but certainly for our -- for your viewers and frankly ournvestors at pnc, we continue to focus on the long tee and we contio think that the market is a great place to be as long as youo have a long-term time horizon. but be ready for continued volatility and possible retesting of the lows that we saw the first week of february. >> indeed. rip, always good to seeyou. rich garini with pnc investments tonight. >>> china is stepping up itsic crm of the tariffs announced last week, w

, long-term financial interest of the company. we're going to make this one of the top amendments to the banking bill, and i hope it gains republican support. if republicans mean what they say about their tax bill helping workers, they should join senator baldwin's amendment. the blood of corporate share buybacks highlights precisely how the corporate tax cut in the republican bill is being put to ill use. rather than stimulating the economy, creating jobs or raising pay, corporations are spending the lion's share of the tax savings on boosting their stock. let's not forget these buybacks are relatively new. a ruling by the s.e.c. i think in the early 1980's said they could start doing this. before that at the heyday when corporate america dominated the world, profits were great and jobs were growing and wages went up, the safe harbor provision wasn't there. corporations had to go through a lot of proof before they could buy back their stock. that made sense. but once our republican colleagues get in power, they do what the corpor

ecology experiments a long term study of a meadow brings some surprises. and feline fascination why everyone loves cats videos. nitrogen dioxide is a worrisome pollutant measuring stations around europe show how high levels are the red dots places where maximum annual limits are exceeded. most of an area's german cities may soon start banning diesel vehicles from parts of town they're the main culprits on the road and road traffic is the biggest source of nitrogen oxides . but no roads themselves might help solve the problem. toxic exhaust air that literally makes you sick that's become normal in many cities official e.u. figures suggest that across europe some eighty thousand premature deaths a year can be attributed to nitrogen dioxide pollution. money and power at the university of casa has. signed up with experts from all over germany to look for solutions to this problem of the various car exhaust emissions nitrogen dioxide is one of the most hazardous to human health. measures and dioxide emissions have increased in recent years that's because there

we have a very long—term business model where we invest in technologies for the long—term.ineer, i have worked in auto, i've been on the board of lockheed martin, i have run to your one companies. i know what it takes in this business to deliver an dino for an 0em customer, a short year programme is an 0em customer, a short year programme is seven years, an 0em customer, a short year programme is seven years, ten no more. that is anne stevens, the chief executive of gkn speaking earlier this week. with me is swetha gopinath from deal—reporter. good to have you here with us to give us your take on this. it almost sounded like a plea, saying, i ran these companies, i know what i'm doing. but malraux seems to be on a mission. it's been a hardly fought battle. we have seen shareholders come out in support of both melrose and gkn and some say the crux of both the company ‘s proposals is nearly the same. melrose does operate on a model of buy, improve, sell but gkn is also looking to sell off some key assets in a move to transform itself into an aerospace company. when you look a

i think it was reflected in high long-term interest rates. the clinton administration was rightly very concerned that tightening fiscal policy, you had an economy that was just recovering, unemployment remained high, and they were worried about the negative impacts of fiscal tightening on the economy. i think -- let me just say at the outset, in general, the view that tight fiscal policy tends to depress employment and economic activity, i believed to be correct. i am not questioning that. the clinton policy was one that faced in slowly over time, the tightening fiscal policy, so it was not a tightening in day one or year one. i believe it was a very credible multi-year commitment, which served to quickly bring down dramatically long-term interest rates. in point of fact, i think for several years this was a fiscal tightening that actually was expansionary, because the decline in spending or increase in taxes did not occur immediately and the long-term rates came down very quickly. the economy continued to recover. the notion that a very well

youth violence is complex and needs long-term solutions. but some things can be done right now, such as legislation to ensure sharp instruments in shops are locked away or stored behind counters, ensuring no one can steal them and use them. will she do this? >> the honorable lady has raised a very important issue and as she said, this is a complex problem and we need to ensure we have long-term solutions for it. the home secretary secretary will shortly be publishing a new serious violence strategy, which will emphasis intervention early with young people. it's important we have tough legislation on knives, but we also need to work on partnership with retailers. we have recently consulted a on new measures, including restrictions on knives sold online and then march 2016 we reached a voluntary agreement with major retailers about how knives were displayed and the training given to sales staff to support actions to stop knife crime. >> thank you, mr. speaker. on the subject of northern ireland, does the prime minister stand by the commitment

the long-term care kaord nating council -- sorry, joint legislative committee report, dianne lawrence. >> good morning, commissioners, director mcspadden. we met, the joint leg committee met on the 21st of february. we did not have a quorum as we are still awaiting commission appointments to the committee and we have one outstanding member from the advisory council, but we discussed legislation anyway, although we made no recommendations because we were concerned that, as time is moving on, we needed to get some legislation in front of you. so, as i mentioned before, we tracked 34 bills in the first year of the two-year session, 16 of those haven't moved forward. or seven of those did not move forward. a number were vetoed last year by the governor. but we've added some, too, with the help of -- under the leadership of the department, we have a total of 33 bills right now and i thought what i would do this morning, very briefly, is give you a summary of the areas that they cover, rather than go into great detail. i will mention that the home safe programme that director mcspadden just

we just want to make sure the site is the tools are there so that we know whether there is a long-termor even short-term damage. and with respect to nuclear energy question that you raised, read our report because, yes, you make some good points about that, but there are also other issues that may not be at least initially very obvious why we need to have a hand in the nuclear industry business. so read the report. >> over here first. >> my name is joe, i'm with the energy futures initiative, and kei, i wonder if you, this may be taking it a little bit beyond where you report left off, but it appears that congress will restore a number of these funding cuts in the current appropriations cycle, if and when the advocate to a final omnibus bill. but nonetheless, i'm wondering just the fact the uncertainty that's been created by the proposals, whether you see that having already seen as having adverse impacts on these programs, and do you think this continual, what may be kind of a yo-yo cycle that may continue for the next couple of years, do you think that is in and of itself will have s

those kinds of facilities were built for the long-term. company ist this founded on, a stable foundation of long-term growth. across the state of oklahoma we have two production facilities. for the total company we employ about 200 employees. here, it is just over 200. the people you see behind me on this production floor is a product for 25 pound -- 25 pound institutional that go into restaurants and other establishments. that goes throughout the united states. food safety laws are something better creating greater awareness for the public. the food safety programs we have is a company they have been around for 30 years. we work to provide safe products for our customers and we work with big retailers in the industry. we work in cooperation with them on things like clear labeling and things like that for a number of decades. the government has stepped in with a new federally mandated for its food safety laws. those rules have been adopted by food companies like ours for many decades already. >> it's a great sense of pride for us that our

those are long-term investments. things like new paint shops in places like flint, michigan. those are hundreds of millions of dollars we're in for the long haul we would really have to see how something like that developed, if it developed. i'm not here to speculate on that we're very committed to having a lot of our production where we sell one of those places in one of the biggest places is right here in america >> mark royce, head of product development and also in charge of performing for general motors joining us from michigan today, where they unveiled the new gmc denali pickup truck, a high-end pickup truck there's demand for those vehicles but the story people are focused on when it comes to gm and automakers today, what's happening with potential behind the steel and aluminum tariffs back to you. >> great stuff thank you both for joining us. appreciate that very much. >>> five minutes to go here. we're down a little less than 400 points at the lows we were down about 580 it's not just those tariff-relate stocks, though the users of the materials, which are getting hi

be making that statement, but without that release valve, there is no way to provide a reward for long-termnnovation in our industry. in the case of remicade, it is a bio-similar. it is not a generic. it is not the exact same product. we worked in this category for a long time and think relatively minor differences in these proteins can manifest themselves clinically with patients and have important differences. we also know that in addition to the clinical profile, that we are competing with customers as well, so we think remicade remains an important treatment option for patients. will they want to be treated if they are on stable therapy, perhaps challenged if they were switching therapies before? again, we think it is an important option for patients and physicians. david: opioids, there was a time that johnson & johnson -- no longer, you don't do opioids -- as a societal issue at this at point, what point do opioids, with all the benefits they offer for pain relief, become -- and the damage to society overall is too great and we are going to have to find a different way to relieve pain

yet we are a long—time business, long—term company, we take long—term relationships with universities. the regulator said the level of debt involved in the deal raises concerns. about the £700 million pension deficit. there's a standard leveller we use in all our acquisitions. can you understand in the current climate that people are worried? yes. many companies feel they are too big to fail. you are going to fund it with 20% extra debt? it is not extra debt, if i may say so. our borrowings are against our own balance sheet. a combined £10 billion. we manage all these businesses we manage these businesses as though we are going to own them forever. we have an exemplary track record in terms of dealing with pension schemes. over the past 15 years every single pension scheme in our ownership, has left it and a much more secure financial position that it was before. they said greg clark was monitoring the situation. mps spent the afternoon on the energy bill. the idea was put forward by ed miliband when he was labour leader. the business secretary quoted from an investigation into the in

we said short term the us maybe could bear the cost long term will the us win with such a strategy of us against them i certainly don't think so i don't think anybody ever wins in a trade war over the short term yes over the long term no and. just made an example with other cars and that i think goes back to my point of him not understanding the complexity off the markets here of course it's correct that american cars have a higher tariff in europe than the other way round but it's exactly the opposite on many many other goods and all in all it basically equals out it's not such an unfair system to be to begin with so you can't really make it a lot better but you could obviously make it a lot worse thank you very much thanks to all of you for being with us today and thanks to our viewers for tuning in the same. the but. the but. the but the the the. the the. the the. the be subject to the but the but. the be the for the by. the the the the. the by. blood. clots. smaller. car culture. car hair. the be. super food. store like on. the barge style the be. thirty minutes the by. the bay

i like the really long term. that makes me an investor. >> give me the outlook >> i do think about the short term too i like to emphasize narratives what is the narrative right now? obviously it has something to do with the trump regime and what changes there will be. you know, this trump boom has gone on longer than i thought, i have to admit, longer than i thought it would and i tend to think of it as more psychological it has something to do with the role that the -- the model that donald trump has set for the nation it's aggressive business people believe in aggressive business they believe in businesses that trade on their hunches or instinct it's somehow led to a mood and amidst low volatility, until recently the volatility has changed to me, that suggests of course more volatility. sure, i'm predicting that. >> are you saying you would have thought we would maybe be getting closer to a recession or some sort of economic pullback in that the president has prolonged the cycle? >> yeah, just like calvin coolid

i'm a big holder in square what is your opinion as a long-term investor >> john, i think some people didn't like how fast it went and sarah frier's doing such a great job as cfo i think you're going to be right, but you know what it be floppin' and choppin'. joseph in pennsylvania, joseph >> caller: a great big philadelphia boo-yah to you. >> oh, man, howie roseman, go first boo-yah. what's up? >> caller: first time caller, new investor with the recent fines on bank of america for fraudulent activities, where do you think this company is going? do i build, hold, or sell? >> bank of america's heading higher, the largest ben fishery of rate hikes. and we have a rate hike happening in the fed i prefer the data. i am what's known as data dependent. but bank of america is an inexpensive stock. you have to hope we go back to the old world, but i don't think we're going to "mad money" tonight, it's the bane of the long-term investor's existence. and vincent wang and my exclusive with constellation brands can it keep up the momentum? stick with cramer. >>> don't miss a second of "mad money.

guest: the long-term effects have been distracted. -- destructive. the senate is supposed to be this cooling saucer. real butbusters were rare, when he needed the majority and the minority to get andther to get things done senators understood their obligation, when one person could not hold up the senate indefinitely, that was how the senate used to work. without those restraints, it has become a block on the nation rather than -- it essentially has impaired our progress rather than being what senator schumer said, which is that beacon of hope and common sense that we so need anytime, particularly now. host: raymond, maryland, democrat line. caller: thank you for taking my call. you are right if you remember, there was a day, meeting to make president obama a one term president. then, senator mcconnell used to allow his supreme court appointee to not have a hearing. guest: you are remembering some important examples of what happened during the obama presidency. i would add one other thing -- i was kind of surprised, as i got into the book, at just ho