so comerica, fifth third, pnc, no the bad the bad news is this group is down nearly 20% for the year they couldn't sustain 2 administers on the day oversold doesn't really describe what has happened to this group. most of the big names are down 30% or more off of their 52 week highs. goldman in particular caught up in a major investment fund scandal as malaysia files charges against that firm. and now we're seeing other sectors getting hit. american express just hit a historic high, but it has docome down to 101. and visa has been a monster all year 150 in october, but then it has traded right in line with the s&p 500. still up 16% for the year though same with master card. trading almost in line with the s&p. acting like some kind of future barometer of u.s. spending don't let the selloff spook you too much there is a multidecade shift that has been going on from checks into electronic payments. and these two are the stars in the space. i would expect that growth to continue into 2019 back to you. >> bob, thank you. >>> next guest says there is still one name worth a buy and it migh

money center banks like jpmorgan, citigroup, new lows, pnc, they're all at new lows energy down 20% right now. deeper concerns look a little more deeper. materials were down more than 20%. they bounced today down 19% industrials, communications, all down in the mid teens. because there's so many stocks, it doesn't describe the extent of the damage very well. there's verydeep, deep bear markets that have developed in many subsectors. not much of a bounce oil service stocks, halliburton, they're 40% off of their highs home building stocks and construction stocks are down 1/3 off of their highs metals and mining are down 1/3 on global slowdown and tariff issues same with the autos. autos in the u.s. and europe doesn't matter dollar strength in slower global issues is hurting emerging markets, particularly china which is down 25% on the year. so where are we right now? the russell 3,000, which is about the broadest index on the market, about 11% off the recent 52-week highs. that's market cap weighted the russell 1,000 equal weighted, biggest 1,000 stocks 12% off the high doesn't really matte

san francisco general hospital to the kaiser facility on geary to mission bay on 16th street to see pnc on van ness which will be served by red lanes. we are prioritizing young able-bodied people who are largely white over people who need these services. >> thank you. thank you for sharing that with us. >> you are being misled by m.t.a. by deft wording and sloppy legislative drafting. seventeen months ago, a senior and disability action, i asked, specifically when we were being interviewed, can the wording be change in current legislation to say public transit and taxis only, rather than bus caught the staffer said we will look into its. we have heard zip since. this is before geary was approved. we asked for it to be perspective. when i say being misled, take a look at the permitted users page it says board of supervisors legislative transits, m.t.a. legislative transit. c.v.c. defines a bus. not all buses are transit. you don't need all these statistics. you could simply wear the legislation to say public transit and make a prospective -- make it prospective for all future red lanes.

it doesn't have much of an the niftyause both and pnc bank are trading higher.ntion -- this bank has a deadline to reduce stakes according to norms , which is why we are still seeing a little bit of pressure but on the whole markets are trending higher. >> thank you. our guest joining us from mumbai. india, be talking about a rising star in southeast asia with growth near 7% per year. the driving force has been a 14% lumen exports. back in september the prime minister's head any escalation in this u.s./china spat would have an impact. the trade war between the u.s. in china, the two biggest economies and largest trading partners of vietnam, will surely impact our country. as a resilient member of we will rely on our internal strengths and get our house in order to overcome any obstacles. what will be important for vietnam is that we continue to maintain our growth, maintain macroeconomic stability, maintain levels of exports, and maintain the living standards of our people. >> but can you quantify the impact of the trade war on the economy, considering that clos

deductibles and pnc were built for specific law events.se burn down you got covered but if your business burned down and he did have a policy your house policy doesn't cover your business loss. deductibles in healthcare mix lost events. i mixing my pediatric diabetes with my broken leg, with my myocardial infarction, it is a really really really, really bad idea. hopefully this next time around congress do not do an hp hp it's really bad concept. how many think we need a deductible for cancer? it's crazy. so then what you do is you take that employer's plan and say i'm going to allow people to buy anything when they need it, if they need it and when their needs change they can buy what they want. the key to that is healthcare is implantable. how much of healthcare is plentiful? i.e., the treatment. anyone want to guess? over 70% of the stent is planano one plans for cancer but when you get it you can plan the treatmentpath. when you plan the treatment path you can start price tags along the entire journey of what the consumer is need and t

deductibles and pnc work built for specific laws events. her house burned down, you got coverage. but your health policy didn't cover your business loss. deductibles and healthcare mix laws events. i am mixing my pediatric diabetes with my broken leg, with my myocardial infarction. it is a really, really, really, i'll say it one more time, bad idea. hopefully this next time around, this next congress, don't do and con hdhp. so you take that employer's plan and you say i'm going to allow people to buy anything when they needed, if they need it. and when their needs change they can buy what they want. the key to that is healthcare is plentiful. how much of healthcare is plentiful? i.e., the treatment. anyone want to guess? over 70 percent is plentiful. right? events aren't plentiful. cancer is implantable, no one plans for cancer but when you get it you can trick plan the treatment paths. and when you plan the treatment paths you can start putting price tags all along the journey what the consumer wants to do. and then you will also be able to reflect what is this, knee pain? i will

we also do a decomposition of the ten year back at pnc you can break the ten year treasury yield intoer typically you'll see a significant rollover there when the fixed income market is actually signaling a problem in growth we haven't seen that yet. >> how do you position your portfolio in this environment? >> i think if you go back to the building blocks of asset allocation, just start there i think there's been a shift to value. people assume we've crossed the line of demarcation and the growth trade is dead i don't think that's the case. we're at somewhat of an unusual point in the business cycle for growth to hand the baton off to value in a really consistent way. typically we think economic growth is going to slow next year earnings growth is going to slow next year. most often than not, people are willing to pay for growth in that environment typically you see value accelerate off the bottom in a recovery we're not at that stage yet. when you think about large versus small, it's a cycle argument if you look at the fundamentals, valuation is better, and for small caps, 30% of co

my recommendation is that the same request needs to be made if it pnc national is using the piece of equipment that would've required the deemed export license if it had been a u.s. lab abroad. there is a reciprocity there that seems logical to me but the last time it was proposed it was shouted down. i have a couple of questions. i hope that we do this again. this has been very informative. i went to go back to the confucius institute. curtail freeto speech. society would like to advance an argument that the political and economic structure of china is best for the world -- i don't agree with it but i think they should be allowed to advocate. that is not what i'm talking about. ist i'm trying to understand to what extent if any the confucius institutes are doing ?ore than that and to what extent the institutes are curtailing speech critical of china and to what extent the universities are giving in because they want the .oney >> the confucius institutes are not funding the entire universe. they are funding a program there . institute is serving as a conduit for chinese government mo