and the show is that for breakfast with aig, some saucy in spring 2015, a couple saw a tv report about the south west of france. they pack their bags headed their on holiday and promptly bought a house. so we did it for me to otherwise i don't think we would do it now because we don't speaking a french suit to be fluent in front to get by. but we're not fluent. if it's easier in other sites, uh, that was more leeway that were moving and the providing you could prove to them that you could support yourself and you were going to expedite dependent everything they well can do because he's had around the 28th. i would really, really poor areas and everything, and it's the british people that came and brought the houses and did them up and everything and then start a put in blogs back into these villages. the majority of locals are elderly. there's been an exodus of young people up to the cities. how did they feel about all the brits who made the area their home, the full mom menu says he gets on well with them. but he speaks english and like many other french people, there are english shop

when i read about this, it triggered my ptsd from the aig situation with credit default swaps during the financial crisis. i understand the federal reserve plays a role in srt approving's. issue guidance to banks last fall. could you talk about the ways these investments can be a way for banks to offload risk, in what ways they could become a dangerous source of contagion? chair powell: there could be a breakdown in a couple of places in the chain. one is that the risk is not fully transferred to the buyer. the first step is, is that risk going away off the balance sheet and an unconditional kind of way? that is a good thing if banks can do that. and the question is is it coming back through the back door with financing? we are well aware of that. banks do tend to bring those things to us, we look at them carefully. we understand some of the ways it can go wrong. at the end of the day, if it works to reduce the risk on a bank's balance sheet, that is something we should be ok with. rep. foster: what sort of insight and control does the federal reserve have into all the connections? p

i mean, aig is down about 4 or 5% today and the impact still to be seen here.keep an eye on our insurance stocks, but it looks like there's more story to tell, mike. >> for sure. and certainly one of the stronger groups within financials or had been up until recently. contessa, thank you very much. >>> leslie, regional banks, seems seems like a little bit of a give and take here. >> roejal baegional bank fundam have been better an expected. western alliance shares are about 7% higher after the phoenix based bank raised guidance and showed significant beat on -- credit quality wasn't much of a certain with net charge offs and non-performing loans. little changed on a quarter over quarter basis. and it's this type of print that's pushing the carry higher. comerica reported somewhat mixed results. that one is down about 11%, largely spurred by the likely ending of a key partnership. comerica said today it received preliminary notification from direct express, which distributes federal benefits. analysts point out that this relationship generated average deposit ba

do we still have power of choice aig, guys beach to the tournament, incorporating and doing the best as the apple kind of vision. oh, is it already too late? so if corporations, there's more power and light in the bill and entire country. the future's going to be good for the eyes would be nice if to be pushing it, as well as human on al jazeera, the latest news, as it breaks. they are not afraid. they are going to stay here and on that with detailed coverage. the last few weeks of the july to lose the presidential debates, donald tom secured a number of important code victories and survive and assassination detached from around the world. irregular migration from west africa into europe rose by 174 percent in the 1st couple of 2024. the donald trump arrives at the republican national convention. to deliver is 1st speech since the attempts on his life just days ago. the rog, this is al jazeera laurie from dual, also coming up concerns over joe barnes candidacy. as more democrats put pressure on him to quit. the rates of bias is staying on a new health crisis in more.

. >> what does it mean as a business owner in milwaukee to have aig convention like thi co to town?> the mayor of milwaukee called as the living roomf milwaukee, and we are s proud of that, ande want to show tt off whenever anyone is in town in milwaukee. we are built to be the place for local visitors to come and expeence all of milwaukee in one stop, so that is what we haveultiple food, local beer, locaentertainment that is with the about the fabric of milwaukee. have an awesome patio, and you n come in everything that you want and take home souvenir too. we have local artists and makers and everything you would wanto take home. it is great we will have an opportunity all summer, not just during this conventi, but everything we have goingn this summer to show off how great this city is in the form in it as well. >> what is your pitch for milwaukee for people coming to town? >> i think milwaukee is really special because we have so many local businesses. we are all about local entrepreneurs. i think the mayor is really supportive of cal businesses. it has been 10 years, and i have

care priding, you should care about whether your neighbor has it too so join us, become ar, become aigupporter of this organizationco and thentill advertising revenue it's just far diminished because of the market dynamics that we are aware that we support these organion sustainable over the long term and we are very focused on making sure that theyre to be able to do f that and that they have the leadership to do that.. >> john, this is light that if you seen one nonprofit organization, youou have seen oe nonprofit news organization.t all different by definition, every community is community,ry leaders is different and so what philanthropy can dupport an organization is itself different. there is no one-size all in this. >> i think part of it is americae and that's part of what's amazing about it. we talk about diversity. we have communities of every type and every size and, ynd i k partly that means it's a hard problem to solve jt having a democracy but lots of different tngng to need to be supported in various ways,o forwardtr absolutely needed to be laser focused where people doing

do we still have power of choice aig guys which actually a tournaments and operating and doing this as the apple kind of technician? oh, is it already too late? so if corporations has more power, might in the bill and entire country, the future's going to be good for the i would be nice if to before humans as well as human on al jazeera, the safe them even come in as an international inside corruption, excellence award denominator here on now the from the top us court rules that for my president have some immunity from prosecution delaying donald trump's election. some nation try no one. no one is above the law. not even the present united states, but the buttons denounces that ruining, calling it a dangerous precedent on one's that the decision would undermine the move. you know, [000:00:00;00] the color ones are in jordan, this is out. is there a line from dell also coming.

it reports from the aig it was a landmark case for the 50 judges of the international court of justice with $52.00 countries participating. it is one of the largest the court has ever to decide on. they have to rule on the legal consequences of its wells, 57 year long occupation of the west bank, gaza and east jerusalem. and the impact that has on the palestinian population. this is a different case than the one south africa filed against israel for committing genocide in gaza. in this advisory opinion, most of the judges, great israel's occupation, has become a permanent annexation and therefore violates international law. that was that one with respect to the policies and practices of is right. if i to in question a, which was found to be unlawful, design has an obligation to put an end to those and offer lots in this respect is right and must immediately seize on you. supplement activity is right also has an obligation to repeat all legislation and measures creating or maintaining the unlawful situation, including those with discriminate against the palestinian people to the courts

aig, guys, beach to the tournaments and operating and doing this is the apple kind of technician who is it already too late? so if corporations has more power, might in the building an entire country, the future is going to be good for the i would be nice if to before she needs as well as human on al jazeera, the u. k. is set to vote in a general election this week called by prime minister wishes to knock who's conservative party has been in power for 14 years. polls suggest as rival labor leader care summer could replace him. so what are the issues and how significant is this election? this is inside story, the hello and welcome to the program. i'm getting you navigate to the okay goes to the poles on thursday, july, 4th, and unexpectedly early day chosen by the conservative private party. prime minister wishes to knock his rival, the labor party has not want a general election since 2005. and that's part of the problem for us who knocked inheriting a party. afflicted with seemingly endless turmoil and in fighting poll suggests that the labor leader, care storm or his party could wi

efficient for selection and assess the applicant of the technician, the the believes and desires of the 1st aig guys would be extremely important. and so it's important to program them correctly. i think that if this is not done, then the nature of evolution of natural selection favour though systems prioritize their own survival of us. it's not that it's going to actively hate humans and want to harm them. but is, this is going to be too powerful. and i think a good analogy would be the way schuman street animals exhaust. we hate animals, i think terms, love animals and have a lot of affection for them. but when the time comes to build a highway between 2 sittings, you're not asking daniels for permission, which is to do it because it's important for us. and i think by default, that's the kind of relationship it's going to be between us and a g eyes which are truly autonomous and operating on their own behalf. all the future is going to be good for the eyes regardless. it would be nice if to before humans as well. the is the responsibility weighing on my shoulder. that's not a lot of responsib

for selection and best as the apple kind of technicians the, the, the leaves and desires of the 1st aig guys would be extremely important. and so it's important, broken them correctly. i think that if, if this is not done, then the nature of evolution of natural selection favour though systems prioritize them survive on us. it's not that it's going to actively hate humans and want to harm them. but it just is going to be too powerful and i think a good analogy would be the base human street animals exhaust. we hate animals, i think terms love animals and have a little infection for them. but when the time comes to build a highway between 2 sittings, you're not asking daniels for permission, which is to do it because it's important for us. and i think by default, that's the kind of relationship it's going to be between us and a g. eyes of each are truly a turning most and operating on the, on behalf all the future is going to be good for the ice regardless. it would be nice if to before humans as well. the is the responsibility weighing on my shoulder. that's not a lot of responsibility

, the real problem with aig falling into bankruptcies is it with put the european banks and violation of their capitol requirements, which was a major contagion. do we have a sense of the timescale for the liquidity proposal at this point? >> i think, you know, the main thing is we have this very large, important project on basel three and i think we are close to being able to move that into the public fumigant. once we've done that, we can move on to the other things that are there. one of them is the liquidity proposals. i don't want to put a specific time frame on it but we are certainly working toward that sometime later this year, i would think pete >> later this year. >> i would think so. >> okay. and, can you understand it is still under negotiation between agencies but can you say directionally them basel 3 , the new amended proposal, is it just going to be in the direction of a weakening, a watering of things down toward the current capitol requirements or are there areas where it is strengthening them? >> there will be a capitol requirement that is consistent with basel 3 an

do you have aig theory and what your reaction to that quote? >> i don't know have a theory. all i can say is i think it's pretty irresponsible for anybody to publish something that is from a staff person, another potential rival down the road four years from now, tributing something that happened in a two-person conversation. general mally called me like she called me like a lot of people after the debate. elections are always close in the state of michigan. we don't clutch our pearl and get all upset when we're down two points and don't celebrate when we are down two points. i would never say michigan is unwinnable because i think it's untrue. well, in 2016 it was 11. in 2020 it was 150,000. when i won two years ago i won by almost 11 points. you don't win that big a margin without getting a lot of cross over votes, without doing the hardwork, showing up for people, reminding what you've done to help make their lives better, a littles easier. that's what this president has done. that's the work we have to do in front of us, but i'm confident we've got a powerful story to te

aig we are starting off with a bearish or mixed tone. you can see the nasdaq 100.vernight had been higher. right around the time of the ism that was a little below expectations, we have seen a bit of a plunge which was ironic that yields went higher as the eco-data came in light. we are looking at a .3% decline. at the lows, down more than that. some intraday volatility. as for the s&p 500, the last time i looked at was higher but now down .2%. one of the culprits is nvidia, down 1.6%, firmly in correction territory. a lot of this having to do with the perception may be far, too fast, take some chips off the table. the stock had been up 180% year to date based on phenomenal guides around ai. this is the true culprit in terms of stocks been pressured i would guess. we have yields going higher. the 10-year yield up eight basis points close to 450. that is helping out the bloomberg dollar index. because nvidia is the third biggest weighting, here is a three month chart. here is the 100-day moving average. on the last quarter, it gapped higher. now we are looking at a

. >> the three of us are old enough to remember the aig began era the big disinflation in the economyin the early 1980s, when jimmy carter handed off eight or 9% inflation. it was the tax reductions, david? it was tight money created under the fed under volcker. we had 30, 40 year period of low inflation. people had almost forgotten how sin necessarier inflation can be to family incomes in joe biden came in. they forgotten the lessons of the last 40 years. here is the thing that is really troubling to me, joe biden's economic plan, if he has a second term is to raise taxes. that's all he said. i'm going to raids taxes on the rich. how in the world will you grow the economy with higher taxes. larry: and, and, can i just add this, you look at history, when you increase tax rate inflation goes up. >> yes. larry: when you lower tax rates inflation goes down. why? because you have more demand, chasing fewer goods. that's what happens every time, or you have the same demand chasing fewer goods. tax, if trump is going to cut tax rates he is going to stay on the corporate tax, he will lower i

. >> get started at aig .com. anybody who owns property worry about home title theft. there's no other crime that is so easy, so quick and so lucrative. your home, your equity and your peace of mind can all be stolen in one fell swoop by. home title thieves like matthew cox. nobody thinks that i can take their house. nobody thinks that. believe it or not, a single page is all it takes to transfer proof of ownership out of your people. think there's a whole huge process, but the truth is, it's a one page document, but it still must get through one final barrier. the county clerk. when someone comes in with fraudulent deed, if it's notarized and all the spaces filled in, we by statute have to accept it. we cannot give back to them and say, we know this is fraudulent, we're not going to file it. that's against law. it's public records. it's a recording. they don't make a phone call. they record it. that's all do. bottom line is, yes, it happens. and we can't stop it from happening. and it only takes once for it to sting you. and it's a very thing to watch. you've put your

g up ty on messag >> biden's showing up to aig gunfight with a knife. the coupht wita knife. against s growing. it's a coup to save democracy. of cours dee, democrats are putting together an anti biden committeeg to to take them out, telling each other, forget the niceties, be ruthless, and they're bringing in the hatchet and the anare brinmessiah to do it. cnn reports that pelosi and barrack are huddling up about biden's future. people close to both say the end for biden's candidacyr. feels clear. it's just a matter of how it plays out. >> the committee consists of obama world, clinton world,ns big donors like clooney and ari emanuel. late night libs likete-n stephen colbert and jon stewart. the neight likw york times.kingl >> biden aides who are leaking like crazy and electedecially democrats, especially the swing staters. but biden's not going down easily. >> there's a risk that joe biden could actually dig in deeper. and that's particularly true with barack obama. a i was talking to a former biden aide pretty recently, and theybiden said, you know, oa already pushed joe b

. >> get started at aig .com. start your day with nature.ommended vitamin and supplement brand for children to do. and we're going to drop by what you're going to do. the democratic national convention starting august 19 on fox news channel. america is watching. >> today's one more thing is brought to you by balloon branch. okay, i'll go first. okay. now check out thisy fellow fathe who got to meet his so-called biological father, r. brody is a golden doodle known for his resemblance. chewbacca from star wars. for his hairy coat. he's.e th turns out no dna test is required. but as you cano ar see, the twoe are carbon copies of each other. and brody look quites daddy. tot his daddy. >> no. huh? okay, jessica, that's got my first. >> you go, girl. a 16 year old has made quite a splash with her latest swimming accomplishment. maya, my sorry marriage. i was nervous about her last name, and i messed up. her first name. swam across the english channel on saturdaamosy, 20.5 miles. she swam there in just 11 hours and 39 minutes. makes the teen one o

assigned to various roles, w but they were not responsible for securing the buildintg or a property at aig>> is that correct? yes, sir. is it unusual to have such unusu a small perimeter around an outdoor event like this one? >> i would say that we routinely, as a matter of course, exercised deferencerc to the secret service to set the perimeter for an event lik e this. >> meanwhile, the investigation into crooks continues. pennsylvania officials visited his family home on sunday for overinues.ials vis an hour.abou and we're learning more about his prep before the rally.y. w crooks and his dad were memberse of the clairton sportsmen'sub, club, an expansive shooting range, whichane shooti, accordig to reports, also serves as a training facilit shooty for locl and federal law enforcement agencies, including dhs. >> yeah, crooks may have beenree training to kill the president. >> right. under law enforcement'nts nose. >> and now the secret service is reportedly encouraging trump to stop holding outdoor rallies. >> the feds who failed to keepp the former president safe are no w leveraging thei

abby phillip starts right now tonight bag don't in the game to sell america on kamala harris plus is aig

so we, aig is a large position, progressive's a large position.ials, what are you favoring, it's more the insurance companies. >> part of the macro discussion lately, and we saw this in front this week, that is the period of huge rate increases might be behind us. you think that's off track? >> not necessarily. i mean, what's really matters to them is not just the revenue side but the -- like are they underwriting it properly. so can -- if rates come down but the combined ratio goes up, that's positive. we look at it in tandem, not just a one-dimensional thought. >> we appreciate you giving us an update especially on the financials which are in focus today. >> okay. >> good to see you. sandy pomroy from newberger berman. >>> in "money movers" we are going to check in with the cfo of wells fargo. we'll talk about the quarter, expenses, certainly the economy at large. that's coming up at 11:30 a.m. eastern time. so join us f tt. ayitus.rha [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3

aig could not do the work it does without congress, without u.n. agencies and without the private sector and really without this audience. people who are out here advocating for the importance of u.s. leadership in the world. i'm hoping over the next course of a few days you come away with a compelling case. i have started my career in the relief side of the house. recognizing that food aid only gets you so far i now lead the development side of the house for global hunger initiative. just a point of reference for you all, last year we spent $5 billion for emergency food assistance around the world. we spent $1 billion to help people grow more food to feed themselves and build more resilient communities. we see that we are not going to be able to band-aid our way out of this crisis. in terms of conflict, it is true that hunger can very much contribute to conflict. it's also true that conflict drives hunger. they are mutually reinforcing and very negative ways. we have researchers who tell us that people that join terrorist groups are not so much go

he was a high-ranking chinese pla facial director of for lf >> well, an aig award at least y three grants via the new york blood center to that scientist. he was a high-ranking chinese official and director of the lab at the chinese academy of military and medical sciences. does it concern you if u.s. taxpayer dollars are funding someone like this? >> grants that are submitted to the niaid go through a very -- >> does it concern you, i'm not talking about the process, does it concern you that u.s. taxpayer dollars would be going to someone who is a high- ranking chinese official, yes or no? >> i would have to know more about that. >> are you or were you ever aware that the u.s. state department in 2005 issued warnings that the chinese government was working on the creation of bio weapons? >> i was not aware of that. >> thank you, did you ever discuss the chinese bio weapons program with anyone in the intelligence community? >> i never discussed the chinese bio weapons program, to my knowledge, with anybody point >> before, during, or after the covid-19 pandemic, did you speak to the fbi,