right there you save a lot. bill, the big eight plus me are meeting in a little while at about 3:00. we have ice and border patrol that are going to make a plea for the wall. they need the wall. they can't do it without the wall. all they can do is add many more men and women, but protection is not good because you go to a certain area without the wall and they will walk right through. like the killing that took place a few days ago. the young police officer -- great young, beautiful person. great family. just took a picture with his son and his wife on christmas. if you hours later, he was shot and killed by somebody that came across the border. things like that would not happen. it would be happening far less. the democrats and the bill want $12 billion additional for foreign aid. billion, which is by itself, a lot. but in foreign aid, they want $12 billion over the $54.4 billion. think of it. we get $54 billion, a lot of it because they want to give it, they do not even know who they are giving it to. people d

a checklist i have a lot coming up from all that is an italian on low. and in the up on what i've seen her face a pleasure let's go. see him because i get me. i always had a were do. my thing with classy equal kind of woman you just bumped into already yes it westy and in the thought of i think i think when i think. it's in the. focus on the boards and i mean for me bosko are looking what i mean by that anybody would call me when they were there obviously but then i've been. in the eighties metal and it was considered one of the most crime ridden locations in the whole world it was here the drug lord radley infamous cartel gang made millions of dollars selling to. cain and its leader killed anyone who stood in his way even though the cartel was responsible for thousands of deaths happening remains a popular figure among the country's poorest people in some parts of the city he was even known as columbia's robin hood. president is also home to a close friend of ask of us they call him popeye he confessed to murdering two hundred fifty people and organizing

i own a lot of great companies. time i get a friend of the family's advice, we got this new company coming up, we should do this, and i have been lucky. i don't want to sit here and sound like i'm an expert, but my technique of doing things is most of the time, i am a winner. jason: in the pursuits section, another 1980's reference -- not a weekend at bernie's, a weekend at bob's. carol: and by bob, we mean bob parsons, the founder of go daddy. jason: he has built one of the most expensive and exclusive golf clubs in the world. carol: our pursuits deputy editor told us what life is like at scottsdale national. >> bob parsons, founder of go daddy, billionaire worth about $2 billion right now. in 2013, he bought a golf course in arizona called scottsdale national. and he spent the last few years renovating it. three courses, 700 acres. by the time it is finished this year, he will have spent $300 million on it. and in 2015, he started a golf equipment company called pxg. parsons extreme golf. and he is starting to use

a lot of junior staffers leaving. they are just on a tread mill that's going, running five-minute miles because they're having to refill all of these positions. another point to make about the white house office of personnel is that there's been a lot of criticism about the vetting and the security background checks. you might remember the rob porter incident. so that office is under even more pressure because they have been strongly criticized for not vetting people carefully enough. it's not a job that i don't think any of you should apply for because i cannot imagine the level of stress of trying to hire these people, trying to make sure they pass all the f.b.i. background checks, that they haven't had any odd affiliations in the past that could embarrass the president, etc. i hope i answered your question. the bottom line is that -- another area where they try to get a lot of information, reporters especially, is on travel. when president trump goes and does a round table with supporters in benton, arkansas, he als

we've seen a lot of lightning kind of becoming a lot less active over the past couple of hours. we get spotty showers elsewhere across the bay area. i will be watching out for a chance of rain throughout the day as a storm system works across the region. some of that heavier rain focused across southern california and moving away from the bay area. but our hour by hour outlook still shows some rain chances. even heavy downpours to the north, the rest of the bay area will catch a break here as we see the storm system dying down. some of the wind speeds were impressive. rainfall totals also impressive. we'll talk about how much snow we've also measured in the sierra. a snow report. all that coming up in a few minutes. mike, you're tracking a closed highway. >> we are. we're looking at a couple of closures. this is not weather related. this is over off the dumbarton bridge. you see the green sensors, that's great for most of the commute. eastbound, this is the concern, you're cut off from nobody 808 from the bridge. i suggest newark to fremont boulevard. that's where you can again

there are a lot of them out there. it is a matter of collecting this emand putting them in an easy area to get to. >> can i answer the question in a different way? >> uh-huh. >> a couple of principles that i follow, one come from governor schneider. one, sidebarer is team sport. you heard that. if the governor were here he would tell you that ib intoer is something you never win. >> uh-huh. >> the question, to reframe it was -- one aspect of the question, which we have talked on the other side is nation state actors. i always assume everything can be hacked. whether it can or can't, assume it. it makes planning easier, makes response easier, makes everything easier. everyone is always surprised when they think something can't be and it is. we have a numbers problem. our national security council and our national streams identify this and discuss it. it is numbers. if we had a near peer competitor with -- just we are going to get outdone and outmanaged, it is easy whier to attack than defense. we don't have the numbers o

we'll be looking at a lot of enthusiastic folks. what you're seeing with the shut down is speaker pelosi taking control of a very reasonable chance. she's taking republican bills and putting that in front of a democratic congress. republican bills that came out of the senate, putting it in front of a democratic congress. she's going to be a strong speaker. i think she will absolutely want to make sure that she gets the right things done for the american people. i think she can do that. to do that, she can't listen to the far left or the far right. she has to reach across the middle. that's where it is. we have a divided congress now. the road to progress for the united states is in the middle. >> neil: that's how you got elected senator, isn't it? >> i hope so. >> neil: all right. happy new year, senator. thanks for taking the time. >> my pleasure. >> neil: senator doug jones from the beautiful state of alabama. we'll have more after this for those just tuning in. that's not a typo. the dow was down about 660 points and apple a high

the secretary has done a lot of that. and if we can't make a deal, we take the land and we pay them through a court process, which goes actually fairly quickly. and we're generous but we take the land. otherwise you could never build anything. if you couldn't use eminent domain you wouldn't have one highway in this country. you have to use eminent domain. its something you don't want to use it, for a stretch of example and pipelines, you have to use eminent domain he otherwise you would never be able to buy the land. if we had one person wouldn't sell us out of hundreds, only takes one, we wouldn't be able to build border security with that big opening i'm talk about. some you pay up front, we're willing to make a deal up front, we're willing do that in all casings but if they're unwilling to make deal which also happens we'll go to court. meantime we're able to build border security. i think it's a fair pros necessary. i think it's a process very necessary. that is fair or the. reporter: point that hold up the wall? >> un

to takes a lot of the worry and stress off. these wild horses you know or. a little body building down to mexico you know in that kind of like camp and surprisingly. like it even in the back of my muscle is you know i'm proud because i'm sixty watts and most of the women i know that are sixty. you know like couch potato seed. so you will give the it's. it's it's you know it's. it's a whole this is a very. i love the way a lot of people. obviously if i wasn't. in the sea and wasn't participating in like the ocean might be. but i think i think they never get rid of it you know i think that's the. that's the thing that the parents. and society. and doctors and psychologists and things like . that you don't understand. there are no lifetime studies i mean one of the more recent approvals in the f.d.a. of a stimulant for so called a.d.h. d. was three weeks long. so then you're going to say give it give it for months or years or a lifetime and why the studies are only three months long because the drugs don't work they're all neurotox

a lot of bars we have a lot of music with the news galleries and all kind of things and during the summertime we have a big markets where all the farmers from around copenhagen will come and so. dynamic extra balls and stuff like that so so it's a place that is very vibrant especially in the summertime of course as you might notice when it's cold in copenhagen people don't smile as much as they do in the summertime but for the scope of the. whole you know look there should be the attitudes of people in copenhagen there mark you key has been known for its. attitude so this to say don't submit european integration but it doesn't seem to be the question of copenhagen's identity as a european city of the ambiguity people being with the particulars of this pier i think that we see ourselves as european i think we see ourselves as. people that are interested in meeting people from all over the world what i think that we are not that interested in is the bureaucracy in the european union so i think the skepticism that we have. towards you is probably some of the same as the british some of the briti

a lot of it depends upon the women that you know. you know, if you know professional women, their pocketbook will be a little bit larger and pocketbook will be a little bit larger and you have to concentrate on them. i'm in a little bit different position. i waited until i raised my children before running for office. so a lot of my friends are in the position of thinking about retirement. and that's a whole different kettle of fish because they're out of town a lot. and so you have fund raisers, i had laura trump come in, karen pence came in, and we concentrated on women in the last month which was very good and they were very excited to know that they were coming to town and they were very glad to come to the luncheon. so i think the most important thing is that you have the fire in your belly for what you want to do and you have to communicate that to both men and women. i never tried to keyhole myself because having run for office, you know, for 12 years, i already had an established name and that was very helpful. but that was on

a lot of that work can be done by you as a lawyer. i think we can give courts the tools to understand the meaning of the individual work and understand the meaning of a phrase can understand the way the language is used, understand how the parts of the statute relate and what other statutes are required and common law doctrine look like so the court is not just left lucifer's own free-flowing ideas of the policy and the like. a number of interesting tools that have been developed in recent years. you know of course about dictionaries. but if any of you go online, there are tools like google and grams that tell us how often particular words are used in the school of thought developed the corporate linguistics movement and now we can search the use of historic all english and contemporary english and how is a certain word used in the 18th century around the time of the framing of the 19th century and around reconstruction amendment and how is it used 30 or 4050 years ago when the statute that you are trying to construe was enacted. you

they have all the right ingredients and a vision and a lot to support it. europe wants to be good at a.i., but they are so focused on privacy and clamping things down, so focused on a social safety net, that they haven't had too many great success stories in the last 20 years in terms of building companies. the u.s. is in the middle. i'm not sure which way we will go. we have definitely prospered, in terms of being innovators of the world. china has figured out what we are doing and are trying to trump us. we respect human privacy. not as badly as europe where you can pull your right from the internet and can be forgotten. we are trying to decide what we do. a lot of discussion will be in congress of next year what kind of privacy we should have. we respect our privacy and liberty, but don't want to shut down innovation. we have to figure out what the best thing for the country is. host: you talk in "ninja future" about gdp are and how it can be a hindrance. gary: it's a hindrance for us. go to latin america or africa and asked them. we say we get services f

karim: there has been a lot of m&a announced. of m&a as the lifeline of pharmaceutical companies in some ways. if you actually look back, two thirds of pharmaceutical revenues are derived from companies that were m&a. m&a will always be present in the sector. we were discussing the backdrop of a very volatile third and fourth quarter. i think that actually catalyzed some of the pharmaceutical companies to be more progressive. it is hard to predict what companies are going to be acquired or not. it is an area where you want to be involved in the therapeutic areas. that is most interesting for the pharmaceutical companies. taylor: talk to me about the valuations. to youthe ratios look right now? are the undervalued? -- are they undervalued? karim: the keys held up pretty well in the third and fourth quarter. think there is an opportunity to pick up some of these names that have a very big gap in valuation. inther point to mention is the pharmaceutical sectors, even though there isn't a lot of spread, i think there is a lot of earni

addressing a lot of farming interests. president saying avert a shutdown, revert to an emergency, he ain't buying it. >> that was a suggestion that lindsey made but i did reject it yes. i'm not interested. i want to get it solved. i don't want to just delay it. i want to get it solved. neil: it is in a long way being solved. we're in the 24th day, easily breaking the record established in 1995. compounding this report out of china showed a real slowing down of that economy. we've been emphasizing, isn't so much to get a trade deal, but whether we cobble one together will it really stand out or be worth it at all? the chinese economy is scoring. they scored a record trade surplus last year. interesting to follow the trends of the last few months of the year, activity in china going down, down. it's a reminder if china slows, we score a deal, or they're too weak to score a deal with us or buy the goods. >> fears that they could discipline all the more, even with ratcheting down of earnings expectation this is year over last y

so, 2019, not a lot of urgency. we've seen a single draft, and that was written about first by carl thayer, and it is been asserted in the draft by some of the players. maybe you can talk about what are the prospects for really significant progress being made and what are the main issues that the countries disagree on? >> i'm rarely called an optimist around town, and this makes me feel even more pessimistic than usual. i'm shocked to see 21% of the audience. if there was diplomatic progress, that would be an enormous boon. i just don't see much prospect of it. the timetable for china is now three years at best. just last week, we had the latest meeting of the regular vietnam meeting on border affairs, and the prime minister was obviously upset because afterwards he went to the press and said he's frustrated by the slow pace of the diplomatic process of the coc from the chinese side. there are a lot of poison pills inserted into the text not just by china, and there is a lot by china and there is clear nonstarters to

italy have a lot to say share. it didn't get. it. charleston musters up the courage to dive down with the ocean. if it was the right. thing to do is going to see a. little bit embarrassing isn't going. to spend time within it is yelling at the bully and then with all the science that is going to bring up and going into a managerial age that actually takes freemium parking for the oceans and i think a lot of people miss that a lot of people just think john wasn't been like what you usually see in the media which is and demonised in its. it's not what they're really like. saying. ever scared i haven't been thinking of shards but i've definitely been there for people because it is home for me and i love the traditional culture and the respect that house for mano a mano in the hawaiian name for sure. we watch in or as the ocean hangs on to the fin of a tiger a shot. never ceases to amaze which is also why it's so often featured in hollywood productions especially kawai the god in a. good system leaves up to its name. eddie a boob or knows

but there are a lot of folks chomping on this data here. trying to seize on signs of a china slowdown, how that could work to our improvement. it is kind of twitted analysis here. we'll get to bottom of it. there is a concern about a trade tiff that could last for a while but then you have got to wonder let's say we score a trade deal, but china is too bad shape to turn things around. we have larry glazer and kingsview asset management cio, scott martin. your sense what is driving the market this first full trading day of the year? >> it still feels like terrible psychology, neil. we saw it overnight. the market responds to this data, this news, today, neil, sell first, ask questions later. i do see the rally we're seeing off the lows we saw overnight which is great but volatility still here. the new year, same old markets in my opinion. market looking at some prospects to being somewhat negative. to your point, yes, we could have a trade deal, get resolved, 30, 60, 90 days hopefully. if damage is done to china already what kind of workout d

that's what actually cratered a lot of these markets. in every city across the country, whether they had a bubble or not during those 2004 and 2005 period, the bottom end of the market crashes across the board. actually, what i would say is what we should have been doing is letting them continue to lend to those markets. then those foreclosures would have never had to happen. the prices of those houses would have remained level and those households wouldn't have had this problem of having a house that was in negative equity and it would have avoided a lot of the upheaval we experience. >> shelton washington is next. good morning. >> good morning. >> go ahead. >> i have a question for your guest. he addressed the sales market. i'm in the rental market. i'm 60 years old. i have never owned a home. i'm self-employed. i never considered owning a home. predominantly because i owe the irs money going back to 2008 and the great recession where i had to use my tax money i would have sent to the government to survive for two years because i had no

emily: you hear a lot of things and a lot of things that happened behind the scenes.o you think bad behavior is rooted out in silicon valley? is it still happening? >> bad behavior happens in life. it is like people. there are good people, better people. i don't know it will get routed out in all kinds of places but i , think there is a light shone on it and it is a conversation acceptable to have a about it, and questions there to ask or even expected to ask. emily: i get asked a lot, some are writing books, raising money. they are the ceo of a startup. is that ok? is there room for redemption? >> i think we have to stay hopeful that people can change and that people can evolve. emily: that is a yes. >> i want people to be the best versions of themselves. just because they found themselves at a time in their life with a have not lived up to that in a time in their life, i hope that does not mean they have to walk around not being the best version of themselves. >> i am focused on people getting first chances. there are a lot of people who have not been given first ch

a lot of work has been done on the wall. there's been tremendous renovations and if you look at san diego there's been a new wall built which doesn't get reported i don't know why you don't want to report it but take a look at san diego and other areas we've had a new wall built well we can do much more if they give us the money to do it, but a lot of work has already been done. you know when they say build a wall, i don't say that any more. i say finish the wall because we have done a lot of work. if you know, the 1.6 billion and 1.6 billion for two years it had language in that really allows you to build a certain amount of walls but mostly renovate existing walls. we've renovated a lot of walls and have done a very good job. >> [overlapping speakers] president trump: so we'll see what happens with daca. daca is right now before the united states supreme court. if the court does what most legal scholars think they do they won't give president obama or president trump the power to do what president obama did and if that happ

this is a lot and a lack of media literacy. i know because i am a survivor activist and also a journalist, and i kind of get it from all sides. trust me there are so many journalists who want to tell the story and who have wanted to tell the stories and i have been writing about sexual violence since 2015 and maybe before that. i was writing before #metoo and we can only get stories out, and otherwise, the editors was not interested. we want to tell the stories, and i think there is just so many layers as to why these things are not getting out. we don't talk about who gets to tell what stories, and we don't talk about whose stories the editors deemed worthy of a publication, and how that kind of contributes to why certain things are not discussed. who can actually afford to work in journalism? really, when you talk about trauma informed media, we are talking about who gets to write stories that concerned them. also, who is just given a beat and they kind of have to take it and run with it. there is a lot of issues that we are

they have pretty big names. >> they have a lot of fun swinging swiss miss. into swiss miss a couple years ago. >> i did. very cute lady. neil: sure. >> the point i'm trying to make -- neil: to a man and woman they're all saying this. they're worried. >> this is what mick mulvaney would say, what larry kudlow would say, we just cut corporate taxes a lot. we'll get some bang for the buck out of that, so we're going to be okay because of our deregulation and tax cuts. neil: we'll be more than okay. kevin hassett is on earlier this morning, i feel better when he is on because he is always smiling. >> he does have a permanent smile. neil: that we'll grow 3%. that is pretty nice clip. >> that is if, if things happen according to them. obviously if we grow 1%, the problem that the administration has is that the deficits are going to widen out because they cut taxes. then that is going to get if we get in the slow growth mode, democrats whoever runs -- neil: you look who is in the race ace, "the washington post" went through up to 30 plus to could be legitimate -- >

we have had a lot of unfortunate injury us. we do a lot of events. if there are protests, we facilitate to protests. it is for public safety. the best way to do it, but we have been in areas with many burglaries. we were there to help the stations identify vehicles going in and out. >> we have 40 officers on motorcycles with 15 added. i heard we were at 80. >> we were. >> at 55 we are still going to be much further from where we should be at 80 or so? >> yes. >> any plan to increase that down the road, chief? >> as we increase the size of the department, we have more capacity to increase the size of the traffic company. as these academy classes come through. as it stands right now because we have made structural changes to the department, a lot of officers coming in are going to patrol. we are backfilling positions that have gone vacant. we have to catch that up. as we hire new officers, the plan is to grow the traffic company. >> that accounts for the fewer citations at this point? >> contributes to it. >> thank you for the presentation. my question

a lot of ways the president does not have a clear legislative agenda. we also know that the trump administration has been far from a well oiled machine. we've seen a lot of staff turnover, including in key positions of the white house chief of staff. how does that kind of dynamic within the administration affect the development of something like the state of the union? about what the usual process is for generating a like this, and how is the bemp administration -- will different on those dimensions? >> a state of the union address is interesting within government. every agency within the federal government wants to the president to say one sentence, one sentence that touches on what their agency does or what their agency is expected to do. that is why they are so damn long. >> within the administration from the small agencies you have never heard of in the alphabet soup of bureaucracy all the way up to the department of defense that you want something mentioned, you want a statement on a certain issue. that competition of ideas does not always end up w

there are a lot of gaps and questions open for future litigation. but it was a moment to say we are not going to just go back to our past with a nondigital world, we are going to think of really. so anytime you think about aggregation data, your smart car, and your fit but, maybe not your teddy bear, but more homes that are more protected, i'm cautiously more optimistic that carpenter finds a new way forward where the majority of the court will be conscious of it. because they could have just said we have resident, where 10, carpenter loses.>> i have a question about, in a world where we have many facets that are aware of the privacy concerned and certain policies, do we run a risk of having to constantly give an update every time we want to use a device. some might say in the private sector that making these devices, and the policies related to privacy may make certain products unusable, or is that an exaggerated fear? >> you mean unusable because there is structure around them in terms of up again. >> that, and also the people using the devices wil

a lot of times you may have one or the other. if you put in just a carbon monoxide detector, it's important to have one of these too. every house should have a fire extinguisher, yes. >> one thing people expect to do when the power goes out after an earthquake about using candles. what would you recommend? >> if you have a battery operated candle would be better to use. this kind of a candle, you wouldn't want it in an area where it can cause a fire or aftershock that it doesn't rollover. you definitely want to have this in a non-combustible surface. >> now, here we have our stove. after a significant earthquake we expect that we may have gas disrupted and so without gas in your home, how are you going to cook? >> well, i wouldn't recommend cooking inside of the house. you have to go outside and use a portable stove or something else. >> so it wouldn't be safe to use your fireplace to cook? >> not at first. you should check it by a professional first. >> outside should be a safe place to cook as long as you stay away from building

maria: a lot of people talk about your cfo, mary ann lake. would you like to put a woman as the ceo as your successor? >> i think mary ann is exceptional. i have two co-presidents daniel and gordon who are exceptional and there are a bunch of other people in the company. maria: stay right there more of my exclusive interview with jamie dimon, coming up next. dysfunction in d.c. and jamie dimon doesn't like it. >> when businesses don't get paid, things don't get paid. i'm a bunch of wind. and just like your stomach after that strip mall sushi, well, i'm a bit unpredictable. let's redecorate. whatsyamatter tanya, i thought you loved being spontaneous? i do. and if you've got the wrong home insurance coverage, i might break the bank too. so get allstate, and be better protected from mayhem, like me. [indistinct conversation] [friend] i've never seen that before. ♪ ♪ i have... ♪ in honor of my dad, who was alzheimer's. i decided to make shirts for the walk with custom ink, and they just came out perfect. - [announcer] check out our huge selection

we are doing a lot of that. int are those niche things the alliances, particularly at the trilateral level? what are the things where we can get our services to work? in american domain, things like a common platform that everyone is now using. secret, my colleagues have a lot of discussions about, where is india at? most important way, what's in it for india to come on board? -- of the problems you have the interoperability peas. india traditionally has a mixed bag about where their weapon systems come from. russia has been a significant exporter of military elements and systems to india. that's naturally a problem at that tactical level for integration. gratified -- i always get a good luck with that, mate. some hope for myself and my team to keep going. -- key one at the practical level is dell of our. if there are indian officials in the room, let's try to push malabar to move from a three nation activity to a four nation activity. as i have said before, these ,orts of concepts and alliances at thatns, do sta

moving higher after reporting quarterly revenue boot at $84.3 billion more important, guidance that was a lotetter than the street feared that's above lower wall street estimates. apple saying all of the decline, well, in a way, was driven by performance in china, where the company saw a near $5 billion loss in revenue last year. issues in other areas were from a revenue perspective. a lot of that can be explained by greater china joining us now to discuss, wedgwood cio david rolfe as well as bmo capital managing director and senior analyst, tim long good morning, guys tim, is this all about not as bad as feared? is it about the services number, which is also pretty strong. other data they gave 5% is a pretty nice bump >> yeah, it's pretty good. i'm a little bit surprised by, we've seen a lot of technology companies have bounces like this, particularly semiconductors and cyclical type of companies, so it applies to me that people think the worst is over. but the focus might start moving to, what's the next product cycle going to be. and at this point, we don't know anything compelling until l

he you he that i disposed unless there's a lot of it to. enjoy sick us always get giddy ice is not a list one do you have are you then though and this was broadcast. in there someone in dong sit don't even let go the two men did the white board those analysts say it's a real can. just i mean by that i mean mother the borg your the spit out latter make it emma get her out into the where go babble scam me call it all was no mcadam draft. lists and more to damn paul going to her me home. immediate home a man. asked a lumber lancing how well it does that the mother can see into. the garden it was done in us and many cuss in the pile and on account of it by the name that almost stunned the n.t. what. not to be. any. but uppal there is no. set for gay ghetto complete them and. missy and all. the least they. will but even. they love for my age. if i get sian on. board an ambulance we are. also go see him play money how i must go though without. knowing without. because i we almost kissed almost on the novel by the. stem of money cando i will be in

and china, will have a lot of great artificial intelligence will have a both lot of great artificial intelligence companies that will make a phenomenal amount of money. there will be wealth to take care of people who are displaced. rather than just giving them a we need to adjust what -- the meaning of life, address what is the meaning of life, and how to retrain people who will not be displaced by a.i. interviewer: the third thing in your subtitle is "new world ord er". you talk about the challenges of building societies in the age of artificial intelligence. kai-fu: i mean three things. humanity are seeing the largest job migration. it is over 100 years ago. we are going to be looking at , the jobs thats require human compassion. that is the largest job category. that is a giant shift for the future world order. the second bang, we will be looking -- thing, we will be looking at a world where the u.s. and china become superpowers. countries will not have a grasp of artificial intelligence technology. lot of workersa being displaced by artificial intelligence. the china model, cheap

of dollar demand and a lot of guys borrowed a lot of dollars over the last ten years got to figure out they will need those dollars and it's not easy to get them. >> brian, we're just about a fifth through earnings season. today jpmorgan said we've heard from enough big macro companies and certainly the banks to provide investors some comfort about what q4 looks like do you agree or is it still too early? >> we think this is a solid to good earnings season probably not as spectacular as some of the other ones we've gotten from 2018 we're really looking for what 2019 is going to have in store this is a pretty abrupt slowdown in earnings growth considering this tax cut is sort of washing out in the math, and we're looking into slowdown from around 20% to 5% or 6% this year, and we think that 2020 estimates are also much too high, so if multiples can't move up on things like we've been talking about, like the fed being perhaps a bit more dovish, maybe better news from emerging market economies, especially china, it's going to be very hard for earnings to provide that oomph to get us a lot

don't have a lot of resources? you can make people face-to-face, and you can test in and sort oft an living rooms and church basements in a way he would not be able to if you were in a high-stakes state like california. it would be really expensive. you would be flying from tarmac to tarmac, hotel ballroom. it would be a different kind of campaign than it is today. the other reason that iowa and new hampshire our first is has been noe hav agreement among either of the two political parties what the alternative would be. finally, the reason iowa and new hampshire are first, because the person in the white house wants iowa and new hampshire to be first. if there is ever a president elected who does not appreciate the system by which he or she was nominated and elected, it will be fruit basket upset, because the two parties tend to have nominating systems that mirror one another. iowa democrats and republicans have voting on the same night, as do the folks in new hampshire. in my view, what has kept iowa and new hampsh

and so there is a lot of positive momentum there. potentially some friction on trade bilaterally, which may be addressed in the upcoming panel. so you know, perhaps a mixed bag for u.s./japan this year. but i think the sign of greatest momentum is on defense tie, and we're going to see that in the year ahead. >> great. that's a good segue to you, pat. the last panel, we talked a little bit about the quad, and whether it would be focused on trade facilitation or should security or infrastructure and a lot of people chose all three. probably very optimistic what do you think? what role is the quad going to play? what role should it play? >> thanks, bonnie. i was surprised in the first panel we had about the, i thought it would be higher on the trade and particularly on infrastructure side. and you know, we had a real uptick, didn't we, in the security side. so it is quite an american concept to push very hard on that, and on the military side of things. i'm very gratified on this. i was surprised. i was very keen to see what the numbers

you have to think, a lot of them are young. that is an age where men enjoy drinking and breaking things when they are drunk. [laughter] not all men, but you know, it fits into that paradigm. it is a good time for them. where does george quimby fit into all of this? quimby, quimby, his memoir was discovered in the house of a descendent. his grandson was a hoarder. in the midst of dumpsters of trash, his descendents found a copy of the memoir. it was transcribed. he wanted to get it published. alabama press got in touch with me so that someone could contextualize and annotate the story areas it was published a year ago. a little less than year ago. in a lot of ways, quimby was a typical civil war soldier. he was born in ohio in 1842. his family had migrated west. by the time the war began, he was living in wisconsin. the average civil war soldier was a white nativeborn farmer, protestant, single, between 18 and 29. the average soldier stood five foot eight inches tall and weighed 143. the average age was under 26. the mode was 19.

>> yes, the obvious one is thai all took a lot of work. i often tell people this book is a bit of a prequel to liberal fascism. i have changed some of my views about how intellectual history works. in liberal facism there is a common tendency that's true. a lot of people on the left and right say philosopher a said x. fine hundred years later philosopher b said it. some of that stuff that goes on but the connectioning the dots, you know, blaming it on russo. i don't believe it anymore. one thing i've come around to is i'm a much bigger believer in how our brains sometimes grab the idea we hold onto. it's hard wired and can manifest in different ways and different places. so, that sense of want to be part of a group, a tribe, socialism or fascism. it's not ideas but the restivety of our own brains to those ideas that's important. so, there is a lot of overlap in all three books. i'm a government conservative and all of that. the evolution and how i view these things are prosecute eatty marked. this is a place my head is at a lot these days.

we should really look at these and i had a lot do you know yet jenna had beheaded. and they end up sacking constantinople in twelve o four this is a remarkable thing for chrissake to have done to the sites the greatest christian city in the world it's something that provides roads across many parts of the west and of course in the greek world too. and interesting me one contemporary greek writer says look when saladin recovered jerusalem what did he do he spared the christians and what have you done you christians you've taken a christian city and you've killed christians you should follow the example of saddam did he was superior to you in the way that he behaved here. i look at if you have them a lot in the bible you look to the how dick has a picture for maybe out how to follow negative how to batek. for you being mean and can you look see for has that you're a learner and. in the left. brain that can use that they. are innocent young i'll be. militant misbehavior was so you know how well they know i was. innocent the third was a pope obsessed with crusading he in

and there's a lot that's involved and required. it takes broad commitment at all levels, and tracy, who is my hr vp here, everyone across the news organization, to have that culture shift, and it really is a culture shift that had to happen. >> i see loren williams back there nodding her head. >> especially anything that is started by guys has the potential of being of broke culture. as it grows, it needs to have an infrastructure for treating people that work were part of that startup and did not have their own money in the bank as they started it. how do you now is a organization make sure you have the culture you want? >> just like terry was saying when i started at vox media, there is one person in hr and so much infrastructure that exists now, robust team and robust code of contact conduct, takes real attention from your leaders to recognize you are not the scrappy young thing anymore they can get by without this infrastructure, and how to put that together quickly and confidently and i think over the course of this last year,

"a lot of young people." uh-oh. a harris could about movement and bernie sanders in the beginning was a movement a lot of her star power, or his star power, could be transferring to her. when she said there are a lot of youth, i'm like, oh, boy could be a movement. >> troubling sign more than 30 years younger than bernie sanders. >>> a look at the 2020 contenders including bernie. why some fear the run by that guy. elly, don't laugh. a former starbucks ceo, howard schultz. wsons, carnevales, at their family reunion to show them the family of chevy suvs. all: (cheering) this is the trax, the equinox, and the traverse. looks amazing. so, which one's your favorite? going for the trax, actually. it's more compact. man: the traverse? equinox is jumping out at me. that red is saying, like, "i'm a fun car." if i wanted to be a cool dad, the traverse. i like the blue one. the red one. and i would take that traverse. well, luckily you don't have to agree, because no matter what you want in an suv, chevy has the perfect one fo

they were not selling as well as maybe a lot of bullish investors hoped for. e trying to read the tea leaves and disclosure was a big par that was a big surprising change i remember being on air, we covered the conference call. that stock dropped sharply on that disclosure. now you're getting this forecast from apple but you're also getting a forecast with less data we'll see how investors react to that, sarah. >> we're seeing the stock indicated lower between 148 and 149 is where the indications as it resumes it is a pretty big drop looking like about 6% but i would argue given the magnitude of this revenue missio revenue miss, clearly the market had priced in some of this weakness if not all. it could change here in terms of how this stock reacts from here. josh, it's all also coming at a time when there already were questions before this bout of weakness with the pricing of iphone they were pushing the limits of how much they would pay out of pocket, obviously getting that effect from the down side. it seems to me you're going to get commentary of just how e

but there were a lot. of them one's a little slow but if you could you'll. move will design which will not slow slow slow. because of the. questions like him. if you were dumb enough he it was a city jihad jihad jihad taking a few minutes he wanted to. do with all of his and. if he shot was a socially. but i beat small plot with a bit to the old i was to be made a bit of a to lead to tell them where to go to let them live. who had that should say i don't know yet i'm not going to fall in the month i had some washing on that sunday afternoon job it was still. and. on. that i. believe. we're going to. well. i don't. go into all of course you know the story i usually. look. at me to i've done a. lot of. my study some of. my pleasure. and. i don't even. seem. to care it's as. if. they. they don't. the mouse had. been. an innocent until sundown fed to. home second in a party for the. well you. know mom. i'm going to play apollo so who are starting to have a bit of a. second of heat. and i certainly have begun to hold so and i have a daughter left in a second if y

we have done a lot of work. it had language in it that has -- that allows you to build a certain amount of wall but mostly renovate the existing wall. we have renovated a lot of walls. they have done a good job. reporter: [inaudible] president trump: we will see what happens with daca. daca is before the united states supreme court. if the court does what most legal scholars think they will do, they will not give president obama or president trump the power to do what president obama did. if that happens, it will be a great thing for our country. you know why? we will work out a deal fast with the democrats on daca. we will work out a deal very quickly with the democrats on daca. reporter: are you waiting for that to happen? president trump: we are waiting for the supreme court decision. reporter: [inaudible] president trump: we will see how long the shutdown goes. this shutdown could end tomorrow. and it could also go on for a long time. it really is dependent on the democrats. reporter: [inaudible] president tr

as a lot of dean marched his army to a little elite siege to the city. visiting gets those refused to surrender i'm touched a plan to get rid of some of the d. but not on the battlefield. they call on the other house assume. with the assassin. a secret she. framed for its many political killing. models are going to wish the little boobs a libyan woman of the mean one however all that you're allowed to give you get them in and then we have to do in all my grandad for the air heavy system the most. hopton wasser. later. one night in may eleven seventy five. year sas and infiltrated salahi dean's camp or around aleppo and reached his tent. so no it was on that hot of the gate i was on that bed is in and is a. hell general good and yes we're headed like an alum islamic jihadists are near and none can know. the sunday. for another eighty years so a lot and dean would continue his efforts to reunite the territories of the levant and must pertain year under his command. and when aleppo finally surrendered to dean became the mighty used ruler of the muslim world

maria: a lot of people talk about your cfo, mary ann lake. would you like to put a woman as the ceo as your successor? >> i think mary ann is exceptional. i have two co-presidents daniel and gordon who are exceptional and there are a bunch of other people in the company. maria: stay right there more of my exclusive interview with jamie dimon, coming up next. dysfunction in d.c. and jamie dimon doesn't like it. >> when businesses don't get paid, things don't get paid. that rocking chair would look grahh, new house, eh?e. well, you should definitely see how geico could help you save on homeowners insurance. nice tip. i'll give you two bucks for the chair. two?! that's a victorian antique! all right, how much for the recliner, then? wait wait... how did that get out here? that is definitely not for sale! is this a yard sale? if it's in the yard then it's... for sale. oh, here we go. geico. it's easy to switch and save on homeowners and renters insurance. (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silico