aei scholars come to blows on this.e have economists sitting next to each other that disagree with each other. no one at aei is down with corporate cronyism -- old school backdoor dealing. that is just wrong. it comes down to a big question, what kind of country we are. either you are a country that believes in competition, or believes that getting rid of competition. you cannot be both. by the way, each one of us has to decide which one we are too. either you believe and cub titian, and want to win it, or you want to stamp it out because you do not believe the competition. increasingly, we have this cognitive dissonance where the most powerful players in any corporate sector are able to get special favors. the way they are able to do it is working the system. let stand against them. we have to that stand against that. we, conservatives, have to be the biggest militants against it, and the same way that we have to be the biggest militants against any waste, fraud, or abuse. host: we are all out of time. arthur brooks, a

aey have admitted covering up device to cheat admissions tests.romising to is clean up the mess. >> we will come up with good solutions for the affected diesel engines. we will disclose the full truth of what happened, and we will make sure that something like this never happens again. caught an early hint of the damage to the company. posted his first quarterly loss in 15 years. between july and september it lost 2.5 billion pounds. they had to set aside 5 billion pounds to pay for the crisis. the final cost could be much higher. estimates put it between 20 billion pounds and 60 billion pounds, when you add the lawsuits, compensation, and the possibility of cutting prices to attract buyers. richard: he don't know how far the damage to volkswagen will go. they will have to start discounting their products in certain parts of the world, particularly in the united states, to win customers. that will affect the revenue and their ability to invest. this comes down to whether ordinary people will still want to buy vw cars. how much damage has this done

aey are now anticipating devaluation.ook at options, see the devaluation coming into the future. that is because they think more qe is on the way. now, let's go to chart number two. the ec be pregame show, pass the popcorn. this is how much volatility you have in your euro-dollar trading right now. not a whole lot. you have to go all the way back to the beginning of august to see volatility this low. everybody is sitting on the fence. you have seen our survey. we asked 53 economists what you thought would happen. zero of them thought the ecb would raise rates. one thought they would announce a boost to qe right now. a healthy majority thought it would come at the end of the year at the last ecb meeting. sayut of the 53 economists it is coming. we had those really good earnings reports, one comes to profit. profit is up 31%. the share is down 3%. it looks like reason may have taken hold. they are back to where they were when they closed yesterday. thank you. manus: great retail sales. that european central bank decision an

aey now have a next about -- married person now has the next that i did passage. there are nearly one million adult immigrants living in the shadows. unconscionable rectus of conversion therapy. it must and. it just must end. [applause] as you have pointed out, we need to deal with the disparities of hiv-h treatment and prevention for black gay men and transgendered women. it has to be a focus. it's also necessary to make up for some past transgressions. that is why the president and i are working on all those who were dishonorably discharged because they were members of the lgbt community. their paper should be changed from "dishonorable" to "honorable." -- these arengs things because of you we are already doing. [applause] our people aref getting honorable discharges they rightly earned another -- and other heroes are being denied same-sex partners because their colleague, lover, husband, wife was shot dead serving the public. [applause] we have to fight over that. as we've been advocating for a long time we can have one standard in america and not insist on tha

aey don't have much of presence in countries that are doing well, japan, korea. the lando is set to fall, reducing its margin -- zalando is set to fall, reducing its margin. jonathan: i will bring you the price of burberry when it comes in. yvonne, good to see you. yvonne: good to see you. maybe we can all get some ice cream in asia. look at this sea of green. we are seeing a rebound after two straight days of losses. quite a day for investors. recent u.s. data showing monetary policy may not be a threat at the moment. that is pumping sentiment in the region. we are back to the straight of that news is good news. up 2.3%. those chinese stocks in hong kong road -- rose to an eight-week high. the government says it is restructuring the telecom industry. clearing out those smes. big news out of korea. the central bank keeping policy unchanged. they need to flag some of the sagging growth and cut those forecasts for this year and next. end ons, i want to movers. we have been talking about japan not doing too well. that theany seems company failed to test the quality

peter is the chair and financial policy study's for the -- [indiscernible] aei, he joining practiced banking corporate and financial law. he has held a number of government positions. during the reagan administration, he had a role in reagan's proposals for deregulation in the financial services industry. he was white house counsel to president reagan later. and then also served under new york governor nelson rockefeller. is the author of "ronald reagan." he has written many books on financial risks. he frequently writes columns that are published in the "wall street journal." as well as the op-ed pages of the "new york times." ladies and gentlemen, let's give a warm steamboat welcome to peter wallison. >> [applause] >> ♪ [singing] ♪ well, it is: wonderful to be here. i must say i have to give a lot of credit to jennifer because i have written a book and it is an important book, i think, but what jennifer saw in this book when it first came out, which was in january of this year, she saw that there was a direct connection between what i was talking about, or would be talking about wh

think it is really hard for a lot of these insider conservatives, establishment conservatives, which aei would be, to grapple with what is going on in the country. everything the party is doing right now is alienating voters and make it harder to win next november. i think someone like arthur sees it happening, and they are torn. he is not an elected official. he is more accountable to the mainstream conservative donors and scholars in new york mdc, and not the angry base of the party in places like iowa and south carolina. as good as his ideas sound, brooks would have a difficult time winning up republican primary, and i think he would be the first to admit it. really, the three candidates of the moment right now are donald trump, because in, and carly fiorina, none of whom have held public office. host: the people they are talking to are not really the inople that will vote -- other words, the establishment is saying, it is early. mr. hohmann: they are. comthey have been saying that for five months now. sees hard to ultimately donald trump be the republican nominee, in part because the

he is not aey come lately. -- johnny come lately. that is another political program. the fbi investigation, emails obtained from platte river employees. ron johnson, the homeland security chairman he is investigating this. number one, emails from platte river and was overseeing personal server. was this part after cover-up. there is shady bleep as you said going on. the information that platte river hired a second company, datto, based in connecticut to back up some of this data. i confirmed datto has been contacted by the fbi. they're cooperating turning over data that could be backups of hillary clinton emails. why is all of this important? quite simply shows the fbi investigation is expanding. hillary clinton pushing back, saying for example, the house benghazi committee investigation because of comments by republican kevin mccarthy. that is all partisan of the problem is the fbi probe. that is non-partisan. criminal investigation. harder to attack and that thing is widening, david. david: benghazi is one thing. fbi probe, totally separate from what is happening fr

id the fleet aey had an aid prepare detailed list of provisions. we don't have that list but it was summarized as meet or fish in place of salt provisions, vegetables,eserved and bricks for constructing an oven. one the fleet arrived at boston at the end of august, he had a schedule for a three month time and gave it to the continental major general. the schedule called for more than one million pounds of flour, a similar amount of 40,000 kilograms of fish, 729 cords fo wood. forne pound a day per man suffice0 men, this would for 100 days. by the time the fleet made landfall on the seventh of july, it was short of fresh water and when it arrived on newport in late july, it had only 20 days of vigils . the french took up the challenge, the british faced the same challenge. andoutbreak of hostilities the british army had no supplies and stockpiled in north america and the british planners ex pected the requirement of beplies from europe would temporary. they realize that would have to continue indefinitely. consequence, the british authority transfer

we have eugene robinson from "the washington post" and an msnbc analyst, an expert and resident at aei and the co-author of "it's even worse than it looks." and matt lewis for the daily caller. and matt, as the resident conservative writer here, what just happened? >> wow. today was shocking, earth shattering, actually. unbelievable. and i was just talking to one source who said paul ryan is like obi wan kenobi. help us, paul ryan, you're our last hope. >> i'm pretty sure the line from "star wars" is you're our only hope. >> take us through what wept down. as usual, a lot of conventional wisdom in washington was wrong. the discussion of chaffitz and other challengers was that's a side show. now that or someone else is the main show. >> look, this freedom caucus inside the larger republican caucus is serious about what it wants to do or not do. and it has been all along. and so in retrospect with the, you know, perspective of four or five hours, it should not have been a surprise that they would balling at having another speaker who was essentially john boehner jr. who had been part of

aey had, for various reasons, more difficult time getting legislation enacted. to some extent they had a more party to work with, the majority party, the majority hadcrats had rebels, it folks who wanted to go their own way which makes it hard to enact legislation. they also had personal issues. for example, mccormick, particularly toward the end, he had been waiting to be speaker for many, many years so when he finally got the chance, he was and i heard aty one point that he even presided over the house with an oxygen tank so he didn't necessarily have the fortitude, the to reallyon necessary put in the effort necessary in to get big legislation done. say mccormick and albert were probably lower on the list of those who were effective contemporary speakers. host: how would you grade john boehner? matthew: i hesitate to grade thatboehner to the extent he's still speaker and we see in history that sometimes speakers mosttheir biggest and amazing accomplishments for the end of their tenure. have, i think the jury is still out. i would say this about speaker boehne

debate over the iran deal comeau what do you think is the best tone for the prime minister to strike and aei a mistake or not in terms of trying to heal the wounds that might have been created >> what matters is what he says, not where he says it. so i hope that, you know, the prime minister will take account that this has been a partisan issue command it should not. i hope he reaches out in a way that is unmistakable to democrats and republicans alike, but emphasizing the nonpartisan nature of the relationship, and, and i think that i would expect this meeting actually will go well. the primethe prime minister has an interest, and also the president has an interest. do i think that in the aftermath there will be the closest of friends? do ii think that the chemistry will be perfect? no. i think they have different worldviews, but they recognize the points of convergence, the common needs right now, and both have an interest in elevating that at this point. you know, comes back to thinking about those things that bind us and particularly on the issue that divided us. one of the things that w

aei is even different since i've been there.ore influenced -- more attention paid to the humanities. i think it has evolved so the issues that are front and center are those that are front and center on capitol hill and in the white house. it has become a much more dynamic and energize placed as the evolution has occurred and we have a great leader right now. a fellow named arthur brooks. >> host: this text goes on to say what in your opinion would madison and the other founders think of the think tanks? >> guest: they would probably want to be in one. >> host: 202. a little over an hour left. author and scholar, lynne chaney. (202)748-8201 for the mountain and pacific time zone. several other ways to get ahold of a city can get through phone lines. e-mail otb@c-span.org. or a twitter handle. facebook.com/booktv you can make a comment there. and finally, text a message (202)465-6842. lynne chaney is the author of 13 books. six or seven of those are for children. a couple novels for the most recent bestseller and james madison an

debate over the iran deal comeau what do you think is the best tone for the prime minister to strike and aei a mistake or not in terms of trying to heal the wounds that might have been created

deadlock, european sales aid proves aey, as sticking point. netflix?he sunshine on numbers are due and 50 minutes, and we will speak to the ceo later this morning. welcome to the program. live from london, i am anna edwards. equities,ap on global the asian session turning out to be a positive one. really picking up from where he left off in the united states. a number of drivers in there, let us focus on them. u.s. stocks advance for the first time in three days, as bank shares rebounded after we had numbers out of citigroup. they came in and help move the stocks higher. we also have this increasing sense that the fed is possibly not going to raise rates in 2015. aspects of that stand at 30%. julie hyman sends us this report. julie: u.s. stocks rebounded after two days, and they gained strength and really quite a bit of strength as the recession went on. a couple of things in the game, we had better than estimated economic data in the morning jobless claims and prices coming in better than forecast. also, strength of earnings have been driving things h

i think people who do analysis have aey managers different timeframe than most people.ey worry about is the great two years we have seen in the hospital industry is coming to an end because there is an much of a benefit for medicaid expansion, for example, and there is too much volatility in the states where health care exchangers are being run in the number of insured and uninsured and the debates over the questions of affordability and insurance and the level of subsidy. alan: there are a lot of things going on in this industry that are transitioning. population of the united states is going up. a percentage of older people is going up. needwill continue to hospital care. that is what the trend is for our industry. those are the factors underlying all the hospital industries and of course the companies that are public. the nonprofit sector is doing better long-range. erik: you see -- you operate hospitals in texas. are you seeing people losing their jobs all of a sudden become unable to pay for their health care? down at one state is some point in another state might

i'm favoring a business tax cut for large and small according to your think tank aei the biggest beneficiary would be the middle-class wage earners. that's the way to sell that thing. that's what they're not doing. >> for everybody wondering when we're going to get to this presidential debate, we're about to do it right now. you saw the four candidates down there taking the stage in boulder, colorado, for part one, as we're calling it, larry, jim, sara, thanks for-to-all of you. we'll have more right after this. joe and i will be back, take you through the highlights from what we're about to watch and get you ready for part two of the debate which will be from 8:00 to 10:00 p.m. eastern. the cnbc republican presidential debate begins right now. >>> the american economy at a cross roads -- >> jobs a big part of the story today. >> trading was chaotic. >> frantic on the floor. >> this is the new normal. >> burr business, your investment, your job at risk. >> it's time for america to come back. >> we will shrink government, we will reduce spending. >> washington politicians believe they know be

there will be no black friday sales at aei this year because the sporting goods stores will be closed. the president of the company says black friday has, quote, gotten out of hand. the company wants employees and customers to spend time outside and the workers will get a paid day off. wow. >> jadiann: yeah. right? we eat as americans are possibly causing cancer. the world health organization says processed meats like dogs, bacon and cold cuts increase the risk of colorectal cancer. limited. some red meats are good for balanced diet because of protein and amino acids. >> starbucks has a vampire inspired drink. it's called the frap o.o.la. >> it layers white chocolate, milk and ice between mocha sauce and whipped cream. you can see, dare i say it, the bloody look. it has a drizzle of raspberry syrup. it could be available tomorrow in certain locations. pumpkin latte, public spice. ghoulish. we have a lot to get to, including "know and go" and jimmy fallon joking at the top of his first episode since falling in a crowd at harvard, can you get his right hand. we'll let you know what he h

dollars in assets, joining us right now kevin, former economic advisory to romney campaign stefshdz as aeiicy studies welcome. >> good morning. >> let's talk about hillary clinton's plan, she did say she wanted to double capital gaups tax her latest talking about a tax, on high frequency trading what is your take on this new plan? >> right she also is bashing upper the economy so on, i think the bottom line is that bernie sanders is ahead in new hampshire a issue socialist hill a hill has to run left for nomination probe going to wind stuff back the financial regulation stuff is probably less attractivecontroversial th exasperate gains attacking uber so on she has to go bernie sanders don't forget wants to break up all the banks, right, the banks, so this is actually a moderation. >> you think what she is coming out with us direct result of the competition with bernie sanders. >> yeah. for sure, and you know americans say, probably more than almost any candidate i have seen except for nixon they don't trust her i am not sure she really wants to do this high frequency trading stuff really m

we have a bunch of economists at aei that study housing, and when janet yellen said housing is an arearecent statement, my housing guys were, like, no. i look at the housing market right now, and it looks the best seen since '06 or something like that, so they view the housing market as strength. who better than you to weigh in on this. who is right? >> most markets are not back to '06 pricing. a few got over the number, but, you know, we're recovering slowly. the housing market is healthy. >> construction activity? how are you seeing it in the fall in. >> the housing market is healthy, but u four years in recovery coming off the housing depression of '07-'11, i thought it would be better, and given homes are affordable today compare to where they were. we'll have a longer recovery. >> that gets sinto a really important issue. i know immigration is important in the single family construction industry, and we've not had workers, but that's interesting is an improvement in the quality of college educated jobs, picking up, not just quality but quantity, but that's helping out the higher e

brooks: aei is a thing take -- think tank that has the same sort of mission as a research university, but without the students. we have a dedication to the free