. >> the "on the record" political panel is back from the hill a.b. stoddard and abc news political director rick klein. well, rick, he certainly has stirred up the debate. >> he has. and the debate often has to do or starts and ends with the constitution, which of course, says in article 6 that there shall knob religious test. i think that's the piece of it that makes this problematic for dr. carson if he just stood back and said i wouldn't personally you support or finance up to the voters to support. i don't think it's likely. it's a hypothetical. there is a lot of good answers to this he q he clearly believes this and a segment of voters believes him. constitutionalists including tea party republicans that run for president that is a problematic answer. >> he did say he would consider for congress. so, it's not like it was totally a muslim thing but muslim for president indeed is what he said. >> press today hey the republican primary voters are 80, 20 with us. worked for us just final. that's scwecially what he was saying. to see ted cruz schooli

a.b., is the clinton campaign taking this seriously? we have this snap chat joke about erasing the emails. are they taking this seriously. >> oh, yeah, they are. they had a conference call this week. they are acknowledging that she needs to do more media and answer questions about it. this is a change because their sort of strategy for a long time was to ignore it and see people don't think about emails. they think about, you know, balancing the family budget and what's going to happen to their mortgage and what's going to happen to their kids trying to get through college and pay off those loans. this is actually a reversal and result of the deteriorating poll numbers. and the really strange opening that's been created by her terrible poll numbers for vice president by kennel. so you see the campaign not only reacting to the media's interest in the fbi investigation and the email scandal, but also using the media to try to send the vice president a message that it's too late to get in here. >> i don't get this. they have gone through s

byron and a.b. if you will just stick around. why did the federal judge release kim davis after five days behind bars? shannon bream joins us. all right, people say he released her. he sort of lost the authority to hold her. >> this is interesting. because we got an order from his chambers yesterday on labor day that think she might be getting out today. i want everybody who he is a plaintiff to this case to let me know by 10:00 a.m. today whether or not the plaintiffs have been able to get their licenses. so today. >> meaning the gay couple? >> straight couples too. because she wouldn't issue any marriage licenses. in his order this morning said listen, everybody has told me they have been able to get licenses so got to let her go. >> this is akin to when somebody won't testify in front of a grand jury and the judge puts the person in jail until they agree. problem goes away you agree to testify or in this case the marriage licenses were granted the problem goes away for the moment. >> for the moment. because what said in his or

steve hayes, a.b. stoddard and charles krauthammer. a.b., meantime, as we have the different takes on the iran deal, the house kind of said we're not going to do this disapproval. we're going to do something different. >> well, they are trying to figure out a way to slow or stop this and there actually is a way to delay this. and the longer you delay it, the longer the sanctions are in place. so it seems like this rally with the senator and donald trump was sort of a little too late, badly timed. what the house is saying, look, maybe instead of trying to pass this motion of disapproval, which then ends the calendar time for congressional review and ends the sanctions and puts the deal in place because it can't be stopped, maybe we should do additional legislation that says you can't undo the sanctions or the president never gave us the agreements and so this entire agreement between the two branches of government is null and void and therefore the deal can't take effect. they are trying to find new ways at the 11th hour to slow or stop

steve hayes, a.b. stoddard and charles krauthammer. meantime, as we have the different takes on the iran deal, the house kind of said we're not going to do this disapproval. we're going to do something different. >> well, they are trying to figure out a way to slow or stop this and there actually is a way to delay this. and the longer you delay it, the longer the sanctions are in place. so it seems like this rally with the senator and donald trump was sort of a little too late, badly timed. what the house is saying, look, maybe instead of trying to pass this motion of disapproval, which then ends the calendar time for congressional review and ends the sanctions and puts the deal in place because it can't be stopped, maybe we should do additional legislation that says you can't undo the sanctions or the president never gave us the agreements and so this entire agreement between the two branches of government is null and void and therefore the deal can't take effect. they are trying to find new ways at the 11th hour to slow or stop it. >

a.b.?so governor, you seem to be the only one in a very large field pushing for entitlement reforms. without telling me why that's important, can you comment on why this is no longer important in the debate in the republican party? years ago it was all we heard of. they took some very bold votes. it seems after the budget control act of 2011 they have focused on the sequester only which as you know is only discretionary spending and not why we're in debt. there isn't talk about debt reduction from the frontrunner in this race, on the campaign trail, not talk about paring back entitlements. does the republican voting base care about this anymore and do they talk to you about this issue? do you expect the nominee to run on this issue? >> the nominee will run because i'm going to be the nominee. and so i will run on it because i'm i've been talking about it since the first speech i gave. thissies people can't stand congress. they're not talking about the issues that mat term. 71% of spending i

a.b.?o governor, you seem to be the only one in a very large field pushing for entitlement reforms. without telling me why that's important, can you comment on why this is no longer important in the debate in the republican party? years ago it was all we heard of. they took some very bold votes. it seems after the budget control act of 2011 they have focused on the sequester only which as you know is only discretionary spending and not why we're in debt. there isn't talk about debt reduction from the frontrunner in this race, on the campaign trail, not talk about paring back entitlements. does the republican voting base care about this anymore and do they talk to you about this issue? do you expect the nominee to run on this issue? >> the nominee will run because i'm going to be the nominee. and so i will run on it because i'm i've been talking about it since the first speech i gave. thissies people can't stand congress. they're not talking about the issues that mat term. 71% of spending is

a.b. stoddard, associate editor of "the hill" and syndicated columnist, charles krauthammer. overall thoughts on this policy, these moves, and the fallout? >> many of the critics of the policy soup to assume the cuban regime will crumble when its founding dictator dies. the problem with that is that the soviet regime survived the death of its founding dictator by 67 years. the soviet regime survived the death of his successor, stalin. it began under the presidency of dwight eisenhower. as did attempts by the united states to bring the regime down. the regime has survived the presidencies of eisenhower, kennedy, johnson, nixon, ford, carter, reagan, bush, clinton, bush, and obama. that's 11 presidencies. it's not going to fall by itself. we don't know what will work, but 50 years of futility is probably about enough. >> jason, as we've heard in this hour, critics of this policy say this was the time because the soviets are no longer supporting like they did, neither is venezuela because of falling crude prices. if this is the time, critics say this is a lifeline to the castro

a.b. stoddard associate editor of the hill and syndicated columnist charles krauthammer. a.b., the big news obviously the change in rules. >> this is huge for carly because not only did she kind of run away with the night of your debate, the lower-tier debate, she really won. i mean, it's a rare sight when you have a debate with that many people not two-person debate where there's a clear winner. but she's performed terrifically actually throughout her entire campaign. she's really impressive. and this is when three were going to be taking polls from when she was like at 0 and averaging them up with recent ones she wasn't really going to be making the stage. so this is a big deal. and she obviously was -- also benefits from positioning herself as the outsider while she did petition cnn to change the rules, getting help from her supporters and the public to say this is a fight from the outside against the political class. it helps her a lot. >> steve, looking at those polls, nationally, those early states, it's pretty dramatic about donald trump. it's also interesting that

let's bring in brit hume, george will, a.b.ard and charles critehyper. >> i said at the outside it was fail slowly. it is certainly and failing utter uttererly. >> george, the white house on its heels, saying it's more difficult -- >> you had to feel sorry for that poor general. he didn't enlist to take that kind of fire. he said we're not on pace. at this pace it would require $40 million in 25 years. that's the pace they're on. this should be a caution for all the people who think we are capable of interventions on this scale in the middle east. >> this hearing, a.b., was really about looking into the intel gents analyst complaints that the administration was cooking the books on what they are saying about isis. here a angus king from maine, and his concerns. >> i would like a very specific list of what you consider progress, where we are succeeding, because generally it doesn't look like that. it looks more like a stalemate. >> independent caucuses with the democrats, many articles, saying that dozens of intelligence annual

a.b., it is indeed true that dr. ben carson is inching up to donald trump. but he is still winning. >> he is. and he is going to let us know that as long as he is number one in polling. he is going to talk about that in his speeches and rallies or his collection of statements that he gives before large clouds. not exactly speeches. but ben carson, his surge is actually a surprise. i mean, it surprised donald trump. is not happy about it. he has begun to criticize ben carson and it will be interesting to see what happens not only in this debate but in the weeks to come. given the movement in the polls really towards just the two of them. really mostly if you look at their combined support. it's bigger than the rest of the field combined. so it will be interesting to see how this carries on, whether he can take the competition and whether he can take the heat from all the criticism that's going to come at him through ads and other candidates. >> the thing that's sort of interesting about donald trump is he is attacking or making remarks about dr. ben carson as

there's speculation it could be a takeover target of larger rival a.b.course brews budweiser. francine: let's get straight to brook mcdonald, chief investment officer. he's kevin bosher. we'll be talking about glenn core ink in a moment. you've been covering consolidation in the drinks industry and looks like it will get closer and closer because of cost pressures. kevin: because of cost pressures and weak growth . globally there is a lack of command which is why global growth is below trend and in a normal environment companies have to do what they can to maintain top and bottom profit growth and maintain margins. we'll see more accommodation. francine: if you talk about consolidation in most industries, how can can an investor take advantage of that? kevin: you're looking for industries where companies are cash rich and where margins and sales growth are under pressure, the strong companies that can look to take over into that industry. and pretty much true across all sectors at the moment but certainly the consumer discretionary space is prevalent bec

now, a.b., this is quite something.saying i have turned everything over that dealt with work. i have turned everything over that dealt with benghazi. he mean, we could play a litany of sound bites in which she says. this and now, on a friday, during pope coverage, when speaker boehner has stepped down, we get 900 emails on libya? i mean, this is crazy, right? >> i think everyone at home is asking how does this happen? and all four of us are asking the same question. >> this has been a devastating week in which we learned that the fbi has found work-related emails that were previously deleted on the server but they recovered them next to the personal ones. under threat of perjury, she has sworn that she turned over not just told us at a microphone several times, turned over all her work relegalitied email. many, many statements including that one turned out not to be true. >> let me just read this. this is is the actual under penalty of perjury, i hillary rodham clinton, that the following is true and correct. while i do

a.b. has proven that they've got the capability of doing big unexpected deals. that was when inbev bought budweiser. this would be about $100 million probably. we are talking very big numbers but, yes, it's possible. >> i'm sure regulators would have a very big look at this because you're talking 50% to 60% of the global beer market. they may not allow it to happen. they may -- if it does happen, they may cut a bunch of it off. i guess what i'm trying to understand is why is molson coors reacting so much. it's obviously being seen as a derivative play but who might be the interested party? >> so the way this works is the -- definitely in the u.s. a.b. would not be able to keep the miller coors business, and so the reason that molson coors is up today is because they're seen as the natural buyer right of first refusal on the miller coors jv and it's seen as a great opportunity for them to merge the joint venture partnership and to take out a lot of costs and expenses and really create value

. >> tomorrow there will be a message delivered to a joint session of congress, a.b.ow it is received by both sides. >> we have now seen members say they are going to boycott it. i think there was a tweet that just went out by speaker boehner saying we should all be here and take in that bigger, broader message. here is an opportunity for once for congress to just sit back, listen, maybe reflect a moment but to take a look at the scenes that were all around washington, d.c. really happy, content people. >> steve? >> yeah. i was destruction by a number of things that he said. particularly in his message to the bishops today. most people who are seeing what's happening here in washington are not looking at this through a political prim at all. i thought in his message to bishops to focus on humanity rather than process, rather than ritual was a pretty striking message, given the evolution of the church over the past decade. >> immigration he said to the bishops, take people look at their souls. that's a great sentiment. he we need to inform the vatican that we do take i

we're back with the panel, a.b., has seen a big drop. he has got to do something. >> yeah.ying to get somtentit ways. and talking about unions, obviously is a gym gimme. i think scott walker is done. i don't think he is he going to be done soon but i don't think he is going to be the front runner or nominee. he at your debate was weak and canned and dull. and ever since he has had these embarrassing flip flops where he can't find a position on an issue. then you ask him what about the syrian refugees he says i can't deal with that. he doesn't seem up to the task. >> george? understand the caveat we talked about earlier. >> he has made a number of unforced errors, no question about it it the summer of trump. this american affect. this plays said demeanor of his doesn't play that well. however, is he back to his strength. what he is saying in las vegas is we should eliminate the national labor relations board there should be no federal unions puts him at one with franklin roosevelt he said the same thing and we should be a national right-to-work nation. i might as well give i

of course on these reports that a.b. invest will make an offer for s.a.b. miller.t stock is one to watch. yesterday it was up in the session. quite a move there. it was trading at 25 hong kong dollars yesterday. now just over 12. we do have oil pairing its weekly advance. the tokyo market, the nikkei 225 down 1.4%. the topix index falling the most in a week. the yen is surging today. rising, 1% on the fed's holding on rates citing slowing inflation. these are your equity movers. kddi advancing. pioneer among the tech stocks. a quick check of what's happening in jakarta. 30 minutes into their session. singapore seeing nice moves to the jub upside. it looks like investors are taking an optimistic look at the asia pacific. rish: we have been having a look at currencies and how they are reacting to that decision by the federal reserve. tell us -- well, what is going on out there and how world currency investors are viewing this. >> yes, it has been a fairly muted subdued -- that is the kind of reaction we are seeing in the fx market. one of the more notable happenings

we're back with the panel, a.b., has seen a big drop. he has got to do something. >> yeah.is he trying to get some attention in many different ways. and talking about unions, obviously is a gym gimme. i think scott walker is done. i don't think he is he going to be done soon but i don't think he is going to be the front runner or nominee. he at your debate was weak and canned and dull. and ever since he has had these embarrassing flip flops where he can't find a position on an issue. then you ask him what about the syrian refugees he says i can't deal with that. he doesn't seem up to the task. >> george? understand the caveat we talked about earlier. >> he has made a number of unforced errors, no question about it it the summer of trump. this american affect. this plays said demeanor of his doesn't play that well. however, is he back to his strength. what he is saying in las vegas is we should eliminate the national labor relations board there should be no federal unions puts him at one with franklin roosevelt he said the same thing and we should be a national right-to-work

as a.b. miller is worth a little bit over $90 billion in market cap.t is interesting this would leak. i'm sure and as a bush is not happy about that because it will have to be a bigger premium, right? matt: this did not leak in the traditional sense. nobody broke the news. there was an announcement by sab miller this morning that it had received an approach after insurers shares and run of quite significantly yesterday. obviously there was a sense of the market that something was going on. we do not know the price. there are no numbers attached yet. it will have to be a very significant number to get a deal done. matt: yesterday we saw out tree ahead canceled a slot. had cut inr-busch appearance. matt: that got people talking. people were talking about in the cancellations had to do with a deal or set of an unfortunate coincidence. the u.k. has a pretty aggressive mergers and acquisitions regulator to take over when the rumors floating around. they are very proactive in calling up companies and saying look, if something is going on, you have to disclos

let's bring in a.b. stoddard, a columnist for "the hill" to break this all down.e've seen the exchanges indirectly, obviously, between the two of them. i want to ask you, a, your reactions to it evolving, and b, how much damage has been done to the bush campaign because of donald trump? could they have ever predicted this? >> no, no one predicted this. no one predicted the fact that he was going to get in seriously, have staying power, and completely upend the convention of presidential campaigns. jeb bush has a lot of money. that doesn't matter anymore. donald trump can tweet things all day, just call up different tv shows and make the entire news cycle, for three days in a row, after saying one outrageous thing. he doesn't need money or super pacs. it's an amazing transformation in what the process people were trying to perfect. and thought that they had, at least front-runners like jeb bush and his team. so, now, candidates are struggling to stand out against him. jeb bush obviously falling in the polls from his front-runner position. and he really was in a cor

friend evelyn white about three weeks after she graduated from stanford and she said -- here i am, the a.b. which is the latin form for bachelor of arts and she says she wishes it would stand for -- a boy. susan: how did her relationship with herbert hoover develop? annette: herbert was a senior at the time that lou started. lou was six months older. he was a lab assistant in the lab of dr. john boehner. he had delivered a lecture on geology which had inspired lou to apply to stanford and study there. he took an instant liking to her. he writes about her whimsical smile, her laughing blue eyes, and what an intelligent and delightful young woman that she was. the part that i find so humorous is that i believe she needed some assistance. >> he was an iowan and a quaker. there were connections. susan: what happened to their relationship after stamford? annette: there were a lot of letters and a strong connection. his job took in two nevada and then to australia. he was working in australia and they were continuing to communicate. he was then offered a position in china. he sent her a telegram

this deal has been talked about for at least the last couple of years, the assumption has been that a.b. and bev have to invest in stakes, such as coors, they own 50% of coors and coors owns 42%. but from an anti-trust perspective, i don't see much else. the rest is really emerging markets and i say that because it is a toss up. but if i can explain in one second, in terms is this very likely. we expect an offer from bud in the next few days. and then of course, although hostile and it may take a while for the board to approve, with you think that with a 58% free float, an attractive deal on the table, this will be done. that is upside from where we are. >> pablo, thank you. you are a shareholder in inbev. >> cash flow is what they do. that is what the whole margin was about. taking a big company and paying down debt and spinning off. the cash flow will be good. it is why they can make the acquisition and pull it off. but it gives them 13% to 15% creative eps right away and they need to continue to get bigger. and consolidation in the beer industry is almost over and this almost spells

a.b. there is reason to be more optimistic. tom: that is the heart of the matter.simplistic gloomy looks, you hear nick say there are cool things going on. mike: a lot of people are saying that if you look at the lower levels of the economy, bottom-up, it is growing faster and recovery more quickly is the way to put it then official statistics suggest. liz: so recent announcement a consumer product companies are pretty much blooming. that is the purpose of their reform. tom: some of the fact that that will see in washington today. president obama and president xi will hold a press conference at the rose garden and we will take that life on bloomberg television at 12:00 p.m. this is bloomberg's "surveillance." ♪ tom: good morning. you need a friday brief and we will deliver it. a second look at gdp. it is like a blurring moment except michael mckee knows it is never boring. we will go into details at a: 30. at 10:00, we get indicators and much more than a headline number. michael mckee will try to make the smarter -- make me smarter and at 1:00 p.m., we will be payi