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in the financial crisis, aia survived with wilson at the helm. he has improved the company cash flow and strengthened the balance sheet. you have been in the business for such a long time. what was the most stressful in it? mark: it does seem like a long time. sticks out isy the day aig collapsed. you got people outside the window and cameras in your face. you have queues outside every branch we had around asia and you realize come on you haven't been to bed that night, there were a few wishes going on. that is what sticks in the mind. you had regulators, government, customers. what do you do? ?rancine: so what did you do it was early morning. you realized this was happening. who is a frustration -- was a first person you call? mark: the people you trust on your team. the plans you have been running your business with -- there was a british prime minister in the 1950's and 1960's, harold macmillan, someone asked him a question, they said, prime minister, what blows you off course? he answered, events. events blow your plans off course. a global s

convertedthe time we the loss of aia balance sheet into cash. the fundamental aspect is short-term.m and they become short-term for the nano second and there are ceos and leaders and as media and governments and other stakeholders, we have to think longer term and that is the key. as countries and economies and businesses, we still have to learn. mark: our central banks -- francine: our central banks to short-term? mark: absolutely, when you look at interest rates, there needs to be a much longer-term perspective. francine: that means central banks taking a step back? they say the economy would have been in a real mess had we not stepped in and we speak to ceos and business leaders and they say make a break are not counterproductive, they are crumbling the industry. mark: interest rates and negative interest rates are a key facet. what question they are trying to -- low interest rates are trying to answer, and 2008, you have extended debts ,ny housing market in the u.s. in many countries you do not have those same economic dynamics. i believe in the uk what we need to stimulate is i

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we had at the time, converted a lot of aia balance sheets into cash. it -- markets are short-term. -- as leadersee and media and governments and other stakeholders, we have to think longer-term. as countries and economies and businesses, we still have to win. francine: our central banks short-term too? mark: absolutely. when you have a look at policies and other things, i think there needs to be a longer-term perspective. central bankers say it is impossible, the economy would have been a real mess up we had not stepped in. well, interest rates are a key facet. theynot sure what question are trying to answer. ahead of 2008, the debt and the housing market, but many countries around the world don't have those same economic dynamics. what are they trying to answer? what we need to stimulate is investment in the economy and infrastructure. invest asld love to long as we have the right environment, terms, and regulation and capital requirements. it is a big step from where we are. francine: why have we not done it? we talk about fiscal, the a load that wil

and china worked out an agreement to cut global now, this visit is president obama's last trip to aia before leaving office. >> hurricane lester still brought heavy rains and rough wave it is to the hawaii area, but is now moving northwest of ohio. >>> coming up in a few minutes, we'll have look at your labor i'm hillary clinton and i approve this message. there's a race going on right now. the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. that's my plan. look, the wolf was huffing and puffing. like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. ou breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, inclu

real 1 -- anolasalud e aia que f btaen grediden san jos, vecinoy amias gazan unvigilia ensuonor..proteger a quienes trajan de noe,e los o. vl 3 -- inslito.... un home e no edonteno con las atenciese su mujer toma un dricmedida que lo dejar oquiaeo. es yas en vo a l oe. lorena graci p ampars. l dejamos con iges vo las fiestas prias e edod city.... ♪mÚca♪). >> (Úsica♪). >>hoy eeloticiero telemundo. >>>. > daltrump arai ce que el presidente rack obama naciÓstadosid. asin a de per e duda e mna arauie ver poner puntfil uoÉmica qu la vidocucies de cismo. >>> aumea dma inmigrantequcruzana fronte s emeo u o dendocumtadosocaliz 5 person secuestradas po yos uas de tes. >>>uÉ viva mxico. >> viva. > dde ccago este grit de amor a pria m nose sareexanqu a pesar de dtancia nse vin d su raÍces yelra con pasiÓ Ía de la indepeena. > ♪mÚca♪). >>> y lpila y era una iaa. >>> una personancnt

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trump when on aia some of his favorite targets, including the former beauty queen he's been battling with ever since hillary clinton brought her name up in the debate. nbc's hallie jackson with the story. >> reporter: intensifying tonight, the feud between donald trump and a former miss universe winner, after an early morning twitter tirade, starting at 3:20 from trump, aimed at the media and alicia machado, calling her disgusting, accusing her of having a sex the attacks cheap lies with bad intentions. >> he's trying to distraction. he's not the person that can be a president of this country. that is another truth. >> reporter: trump later making light of his 3:00 a.m. tweet storm. quote, at least you know i'll be there to answer the call. but again unable to resist taking hillary clinton's concern his remarks could haunt him with women voters. >> we're in an era where it's not okay to shame a woman about her looks. it's a throwback to the misogynistic era that donald trump seems to be wallowing in all week long. >> picking fights that have nothing to do with election day itself is

aia is offering helping hand, saying they should negotiate a free-trade deal in a post-brexit world.will look at the chinese owner of the waldorf astoria. you can let us know what you think of today's stories by following me on twitter. don't forget to include #trendingbusiness. the china and hong kong markets underweight in 30 minutes. here is david with a look at what is happening so far this morning. we will be watching to see if hong kong continues this world-beating rally, one of the cheapest across the world if not major markets. quick and fast, that's where we are at the moment. a look at what is happening across asia right now. we are looking mostly at gains. we are pushing towards new one-year highs. malaysia, doing enough to offset the nikkei 225. dollar-yenn to strengthening. morgan stanley, 101.35. brothers, 101.37. that weng ominous given are pushing towards session lows. have a look at australia. gdp in 30 minutes. i rally a cross mining stocks, especially gold -- a rally across mining stocks, especially gold. slight pullback in the price. 12 out of 15 leading the marke

right now we have the browns indians the cavaliers world champs would we will have is aia sports scene that will rival any other city. think about that. not just a a othh franchise will be thell beh fourth franchise.e and you've seen a 40 percente growth every year you guys have been up andys running.n 40 percent every year thinkt ev aboute rytha ytea.a how many tbusinesses can't say y they've had a 40 percent growth every single year.r. it's amazing. okay we have a big finish plans. what i want to do here is have these guys what do you think ofy phase two?ou th there we go. they brought the energy when they needed it. i hadth all of the confidence.fi thank everybody who came out anc braved the weather for us and that.i gguyst.ha.k to youu really need. thanks kenny. 8:45 the time right now.ow. still to come on this edition of fox8 news in the morning. nutritious and filling.trit we're saving some calories but still indulging our taste buds with these chickpea sliders.ioua vut st stefanie paganini is sharing heh recipe with us next. but first we want to let your know dick goddard is rec

dolly was transferred to the denver zoo in 1990 from aia. -- from asia. >>> and now the latest on colorado's marijuana industry. in november, voters will decide pot consumption in restaurants and bars. a controversial idea. and now the latest on the g20 summit in china. president obama arrived at the international expo center for the openinger is more than this morning. the president said there is no quit in the u.s. effort to pursue peace in syria. he said our country is still in syria. both countries are edging toward a deal which could be announced soon. >>> and donald trump traveled to detroit to seek support from the african-american community yesterday, while hillary clinton was trying to distance herself from an e-mail scandal. >> reporter: donald trump clapped his hands while acquire sang gospel music during his visitton a african-american church in detroit on saturday. he invoice vowed to fix the problems facing the black community across america. >> i'm here today to learn, be so that we can remedy injustice in any form. >> reporter: it's the first time trump has addressed a large

aia is offering helping hand, saying they should negotiate a free-trade

>>> with less than 48 days to go before election day, preparations are under way for the presidenti aia aial inaugur. several members took part in the first nail hammering in the inaugural stage in pennsylvania washington today. this platform will be used when the next president will take the oath of office on january 20. but before that, donald trump and hillary clinton will square off in the first presidential debate next monday at hofstra university. on debate night, join nbc 10 at xfinity live in philadelphia. we'll ask you what you want to hear the the candidates during the debates. you can be part of the audience or watch us live on tv. it all starts at 7:00 monday night. >> the rise in epipen prices has sparked controversy all across the country. the drug company's ceo has been called before congress. coming up next at 5:00, why the company says it has no plans to lower the prices. >>> and it's back. a live look along both house row. look at it, if you drive past the schuylkill river, you may have noticed it, that green stuff floating in the water. a local expert explains why it'

we have e orida medical association, the medical american aia against it. >> the organizer of amendment two, proponent reggie garcia says voters shouldn't be fooled by the claims mailed in the slick mailer or on tv. >> to attend specific debilitating medical conditions. we think there's a lot of safeguards to trust our doctors. >> money remains an issue. but no has a million dollars in the bank and yes right now has capitol, mike. >>> a former verizon wireless technician in alabama accused of selling private customer data to a private investigator. newly filed court records say daniel trager used verizon computers to obtain customer's private call records. it's not clear how many customer records were sold or how they may have been used. >>> the social media app snap chat is introducing its hardware product. there there are, glasses that record video. the glasses called spectacles can record video ten seconds at a time. with the tap of the button, the video is up loaded to the memory section of the app via blue tube or wifi. they will cost $130 available in the u.s. this fall. >>> for t

will reach aia deal to freeze supplied this month.expect their to be issues with iran's participation will be resolved. they will have a conversation about whether they can achieve some sort of freeze. he was skeptical about whether any agreement would hold. an oilays he things freeze is worth pushing for. >> from the viewpoint of economic sense, economic sense and logic, it would be correct to find some sort of compromise. he refers back to that last meeting where there was a lack of agreement. idea ofot reject the freezing but our position has changed. from whether this comes oil. it dropped to the $40. that puts pressure on rushed to reconsider. that is what they wanted to get back to. we will see how iran he hates. -- behaves. and the dnc, the democratic national convention, putin saying the dnc hack was a public service but russia did not do it. another angle with vladimir putin. one of the quotes coming from his conversation with our interview. matter does it ever who did the hacking? >> it's interesting he talked about roth net

>> the federal reserve only joined aias that played a role here in 2013. and to the best of my knowledge, we didn't participate in their analysis with the basis for original designations. >> but the federal reserve does participate with the fsb, yes? >> we may -- we do participate in the fsb. >> in the process of fsb designating these as gsii, what would the federal reserve's position have been? >> i believe that the -- i have to check this out. i believe the fsoc designations of these firms occurred before the final designations by fsb but i have to look at that more carefully. >> we want to follow up on that. my understanding it happened -- fsb designated they will and fsoc designated them. it seems if you agree to designate a u.s. company as global significant under fsb regime, that would end up influencing the company designated as systemically important within the united states. wouldn't you agree with that? >> well, as i said, the fsoc process is separate. i believe that the fsoc designations took place before the list of gsiis was put out. >> could

but most emerging markets in aia gaining ground, up 10th of 1%. same with taiwan.hilippines down more than 1%, cautions giving president jeter ;s controversial comments about president obama. closing higher today, not much movement there, but remember, we had some economic data out of australia showing gdp grew less than expected in the second quarter. 76.74. dollar trading at anna: shery ahn in hong kong with the latest on that divergent performance in the market. let us talk about the weakness in u.s. data them because that is the big trigger for the move we are seeing. nonmanufacturing and manufacturing pmi in the u.s./, overall it's of a rate hike. now factoring in a 24% chance of the fed raising interest rates, having falling eight percentage points from the beginning of the month. that is the expectation for the month of september. now, despite the recent underwhelming data, the head of the bank remains upbeat on the u.s. economy. manus: speaking in nevada last night, john williams said he sees an increase "sooner rather than later." owen, chiefs david europe

and aias couple consent that this letter from the attorney sent last night to the committee be part of the official record and i have nothing else. >> without objection so ordered. the hearing is adjourned. >> we will now come to order the committee announces of the proceedings today on any collection of adopting an amendment in without objection the chair ought is authorized to declare a recess at any time. we're looking at the report from the house of representatives to find right and pagliano in contempt of congress and refusal to comply to the subpoena. first and only item for consideration is a resolution that the house find bright and pagliano in contempt of congress from the committee oversight of government reform. >> resolution recommending the house find bryan pagliano in contempt of congress of refusal to comply with the subpoena and duly issued on oversight for government reform. >> without objection we will call up the amendment and i will recognize myself for the underlying report. >> offered by the substitute for the house of representatives to find him in contempt of co

how a local soccer team stopped meghan rah pinot from taking aia knee during the national anthemm ande to fans. >>> but first, the septemberep heat wave. temperatures today again topping 90. should we expect more of thehe summer storms that pounded thent area last night, too? good

guess so but this should be pretty muchuh a -- taken care of over thever t phone because you can't give aiawo-year-old.r-old. >> right. >> reporter: meanwhile >> counting her pennieser pen hoping she has saved up enoughnh in her two years to pay the fine.. matt ackland fox5 local news. >> well, ward six councilmanncma charles allen told us more than likely the inspectorns didn't know the age of thehe of child and also t fox5 has h ararned the department ofle public worksne hd asth voide ticket and the toddler won't be responsible for the $75 the 5 fine. >>> when we come back r and b b star chris brown's attorney isti speaking up.speaki up. he says he wants to set thehe record straight at whatwhat happened at brown's californiaia mansion earlier this week thatis led to brown's arrest.rres time now is 7:54. we will be right back. >> ♪ >> in today's fox beat let's get to the latest in the chris brown ve brown's lawyer talked toy's l c reporters to clarify someer information. he said thes to media misrepresented some of whatreseo happened tuesday when policeay p were called to brown's house hou

justice.us if you look off to the right tht here you'll see the buildings.ld this is what people see here aiagomery county.ounty. they say they want to hold those responsible for what hap and so they've hired two lawwo l firms. they're seeking compensation and justice because there are 84 are families displaced.ed. seven people died in thehe explosion.plos including two children and whatd they say is that they're seekine two things, just compensation and they say they want changesng in the laws and policies to make them safer and to have them bee valued members of thisf thi community, and some of thesese people say that they're afraid i to cook now, afraid to turn on o their stoves because of whateca happened. it was a gas leak in a meter a m room here in this apartment arte community that caused the explosion, fed fire and againin devastation to this community,my and you see we are now hearing i today from some of the these victims.ctim they have translators here, andd that's what they're calling forr guys, compensation and justice for the residents of the flowere branch apartments.rtnts. >>

how a local soccer team stopped meghan rah pinot from taking aia knee during the national anthemm andait until you hear the team owner's message to fans. >>> but first, the septemberep heat wave. temperatures today again topping 90. should we expect more of thehe summer storms that pounded thent area last night, too? good at 9a starts right now. ♪ >>> all right.ight it's 9:01.'s 9 this is good day on thursday, ts september the eighth.ht we're always hot. hot we're always on fire here on hee good day. wisdom martin, holly morris, maureen umeh, steve schenn z sc we're here ready to roll.o rol >> also ahead this hour applepp ditching the head phone jack on the new iphone.. so what's taking its place and what else will you get with thew latest upgrade.test ude >> first, though, the skies are clear.. the mercury is, um, okay right now. no but it will climb throughout tht date today. the question, tucker barnes, bas yesterday we had little wake-upp call.call. >> hello. thunder boomers. >> yeah. big ones big one got some of us got nothing at all. but talk about things that aresa hot. >> yeah

>> the federal reserve only joined aias that played a role here in 2013. to the best of my knowledge, we didn't participate in their analysis with the basis for the original designations. >> but the federal reserve does participate with the fsb, yes? >> we do participate in the fsb. >> in the process of fsb designated these as gsiis, what would the federal reserve's position have been? >> i believe that the -- i have to check this out, but i believe that the fsoc designations of these firms occurred before the final -- the designations by the fsb. but i have to look at that more carefully. >> we'll want to follow up on that. my understanding is the fsb designated them and then fsoc went and designated them. because it seems if you agree to designate a u.s. company as globally significant under the fsb regime, that that would end up influencing that the company is going to be designated as systemically important within the united states. wouldn't you agree with that? >> well, as i said, the fsoc process is separate. and i believe that the fsoc designations

>> the federal reserve only joined aias that played a role here in 2013. to the best of my knowledge, we didn't participate in their analysis with the basis for the original designations. >> but the federal reserve does participate with the fsb, yes? >> we do participate in the fsb. >> in the process of fsb designated these as gsiis, what would the federal reserve's position have been? >> i believe that the -- i have to check this out, but i believe that the fsoc designations of these firms occurred before the final -- the designations by the fsb. but i have to look at that more carefully. >> we'll want to follow up on that. my understanding is the fsb designated them and then fsoc went and designated them. because it seems if you agree to designate a u.s. company as globally significant under the fsb regime, that that would end up influencing that the company is going to be designated as systemically important within the united states. wouldn't you agree with that? >> well, as i said, the fsoc process is separate. and i believe that the fsoc designations

>>> with less than 48 days to go before election day, preparations are under way for the presidenti aia aial inaugur. several members took part in the first nail hammering in the inaugural stage in pennsylvania washington today. this platform will be used when the next president will take the oath of office on january 20. but before that, donald trump

study medicine at boston university, and while she was here, she was diagnosed with lou keep in mind aia. -- leukemia. she had no family in america and she desperately needed help getting a visa for her sister to come to the u.s. to help take care of her. as have so many others, she reached out to emily for help. now, emily was able to get the visa for her sister to come and to support her through a long and very difficult treatment. but the story doesn't stop there. without any form of financial support and unable to work, the young woman faced eviction. together with the help of catholic charities, emily helped secure the funds needed to help her get caught up on her rent. during all of this, the young woman's student visa expired, which left her ineligible for health care. once again, emily got to work and was able to obtain deferred action on her visa. you know, emily even helped her find an apartment near the hospital when she was being treated, and in her usual do more than anyone would expect, emily even helped her furnish the place. still, the young woman's health worsened. as sh