if you talk to them and rozelle was very good at this, always talked about the wonders of the american economy and the football owner says innovators and how it was really the free enterprise system which allowed them to develop the way they developed. in fact what they had was the

we wish america well, and they are having quite a recovery of the american economy, and we wish the americanmy getting better and better, and it is not good for anybody to point an accusing finger at somebody else. betty: so in 12 months, what would you like to see accomplished? mr. yang: in 12 months' time, of course, let's work hard to make the president's visit and the heads of state meeting a success. let the message be out and that china and the united states will continue to build this new model of the relationship between china and the united states. i think it is also very important for people to view things from a new perspective. that is we are in the 21st century. the 20th century is a great century, but there are lessons to be learned, as well, so people should adopt a more forward-looking attitude. betty: i have spoken a lot about the concerns of the americans, but i am curious from you. what deeply concerns you the most? what keeps you up at night? mr. yang: well, now in this information age, diplomacy is going on somewhere while you are asleep or awake, so i have to make sure

we need to grow the american economy, not the government economy. we need to secure the border. some of you understand we've got to repeal obamacare. we've got to make america great again. i'm borrowing the phrase. but we have to do that. for me, it's not about balance, not about electoral votes, geography or political considerations. it's is this person qualified and do they share my conservative beliefs. too often we win and then we don't govern the way we talk. this next president will be in the position to appoint supreme court justices, will be in a position to decide -- we see this opportunity to ress kai america, rescue the idea of america slipping away. my appeal to conservatives is let's rely on our tested conservative beliefs. let's not rely on a -- a narcissist who only believes in himself. this is a critical election, a critical moment for our country. let's not waste the opportunity the democrats have given us by betting on an entertaining narcissist. he's funny. we can watch him, we can laugh at him. but that's not the path to rescue our country. >> governor, thank

. >> of the side of devotion and to always talk about the wonders of the american economy. and a great our entreprenuers and innovators with a great free enterprise system that allows them to develop bin though way they develop. with the cartel to control markets and product location and product exposure to a wonderful sort of creature. it was absolute genius. it was an amazing figure. >> a guide to k murata southern california. then dan public relations to migrate into the administrative staff and then in 1960 it went on for several months. having meetings and discussions and they could not come up what everybody could agree on. then the owners got together to say there is a guy who we all know and we all like. though can do this job. everybody can't agree but they cannot go on like this. is a struggle. in the ownership in pittsburgh. and that is how he got the position. first there will tell you the league offices were in philadelphia. when roosevelt cave he moved them to manhattan strategically equal distance and the madison avenue offices and then in a very skillful way

understands we need to shrink the size of government, fight for religious liberty, we need to grow our american economy, not the government economy. somebody who understands we have to solve this immigration crisis, secure the border. somebody who understands we have to repeal obamacare. somebody who understands we have to make america -- rescue the idea of america. make america great again. we do have to make america great again, but we have to rescue the idea that it's slipping away in front of us. for me it's not about balance, not about electoral votes, geography or political considerations. it's is this person qualified? secondly, do they share my conservative beliefs? too often, we win elections and then we don't govern the way we -- the next president will be in a position to decide whether we take -- we seize this opportunity to rescue america. rescue the idea of america slipping away. let's not rely on a narcissist who only believes in himself. that's not the path to rescuing our country. >> governor, we're out of time. could we give a round of aplus to governor jindal for coming. >> thank you

we look at the american labor economy. vonnie quinn and i are humbled by your responses.ost important jobs report ever? alan krueger is with us. "bloomberg surveillance." ♪ tom: good morning, everyone. .he euro was at 1.12 mario draghi fix that. the german two-year, lower morning, an this interesting european calculus. here is the morning must-read with brendan greeley. brendan: we have spent all year protecting central-bank moves. this is about central-bank attitudes. brendan: dr. alan krueger is with us from princeton. mark gilbert is looking at the 2% target that many central banks have adopted for inflation and saying it is not working, we are not getting there, and it is not a problem we are getting there. do we need to change the 2% target? alan: once you have set the target, you should change it reluctantly. it was a mistake to set a specific target. i think a range would have made a lot more sense, a range of 1% to 3%. hitting a target is like hitting a hole in one on a golf course. the central banks have tied their hands in that sense. the big problem we face is

if you talk to them and rozelle was very good at this, always talked about the wonders of the american economyand the football owner says innovators and how it was really the free enterprise system which allowed them to develop the way they developed. in fact what they had was the power of the cartel, not a monopoly but they controlled markets. they controlled product location. they controlled product exposure through television. it was a wonderful sort of arrangement and nobody touched that so they describe it in terms of randomized but it wasn't. it was absolute genius. roosevelt was an amazing figure. >> host: who is steve roselle? >> guest: he was a guy who came out of southern california in northern california originally and in public relations. he migrated down to l.a., got into the administrative staff with the rams worked his way through that and became general manager. after rozelle died of a heart attack in 1960, 59 or 60 the owners were looking for a replacement and they couldn't agree on one. the one on for several months having meetings, discussions and they couldn't come up with

will be larger than the american economy. we are on the verge of that happening now. china has a much bigger population. three to four times as many people as the united states so china can have a bigger economy even though the per capita income will be lower than that of america. it's not a settled question whether the leadership has to request the path to other countries. i don't think it does. it could be that america is at the center of global leadership. the global innovation and i'm hoping that by holding on to what is best about america the united states will still continue to play that role. >> you spent a lot of time traveling the country talking to people for this book. one of the people you talked to was a woman. who was she? >> the leader of the nation and american indian who was fighting to return the black hills to the need of americans. i wanted to talk to her sympathetically to understand the argument and ultimately to answer it. >> michael dyson and african-american guy interviewed on slavery and others. i s

the size and scope for the american economy for the second quarter. the last revision of the gross domestic quarter grew at anna edwa edward, annual rate of 3.7%. not expected to grow this strong in the current quarter. stocks poised to break a three-day losing streak on friday with early gains after janet yellin said she thought a rate hike was still likely this year. though they were mixed at the close. the man who was chairman of volkswagen for eight years is looking for a new job. martin vintercorn stepped down after a scandal of the admission ratings. vintercorn said he was shocked and did not know of the wrongdoing but accepted responsibility. vw is germany's newest corporation and if you collect social security in the united states, you should plan on getting no increase for the next year. the government bases its cost of living adjustments on inflation readings and right now, it looks too low to warrant a change. there were no increases in 2010 and 2011 either. >>> up next, we're "on the money." the pope's historic visit to the united states.

it will grow the american economy at a level it hasn't seen for decades. >> trump's tax package includes cutting individual rates from 7 brackets to 4. that means no taxes for any sij person making less than 25,000 a year or married couples jointly making less than 50,000. the highest individual income tax rate would drop from 39.6 percent to 5 25 percent and businesses would see their tax rates reduced to 15 percent. >> all of the buzz with washington insiders. george will highlights the positives and negatives of the plan and what it means for americans. >> the most important part of the plan is our kurr rented corporate tax rate is 35. china is 25. under the president it would be 15. you want to bring jobs back from china? that's the single best way to do it. no one can say this is pro wall street. it is pro main street. i am glad to see trump roll this out. this is the issue he will use to drive the nominations. >> the headlines, most of the american people have to pay income taxes. you have a large growing american majority in a situation of moral hazard. they have no incentive to r

economy, andlobal certainly the american economy. do something, like what professor blanche are -- professor blanchard talked about? ken: he had the idea of raising inflation rates from 4% -- 24% from 2%. that is dubious because it creates so much uncertainty. i think overshooting on inflation is the least of our concerns. david: what is the real downside? if they go up 25 basis points, they can reverse it the next month. will it really have that much of an effect on the economy? ken: you are trying to create some certainty of what your path is to have a reaction function. 2%, it is devalued just 2%. but that people are, what are you doing? what uncertainty doesn't resolve? -- what uncertainty does it resolve? david: howard ward, how much does this affect equity markets? howard: after the first day or two, none. but i would be curious to ask, when the fed meets next week, are they going to be talking about the global financial market, volatility? are they going to be talking about any concern about potentially harming emerging-market

the assassination of these men, the instability of the american economy.ob schiller also on that list. as for bill gates, the wealthiest person in the u.s. this is not the first time he has been on an outcry that it list. have we seen low will follow the advice of this magazine? >> i heard you talking about this last hour and they're always the target. anyone who has anything to do with the u.s. the american economy, the fact this is happening on the eve of 9/11 makes us wonder, who are the targets? as we watch the u.s. open happen and all the ceos how big a target is that this is always to be taken seriously more than a was a year ago. >> naming names, you have to believe these business guys and gals are looking at this and saying they up their own personal security job. >> they have serious security. inspired magazine is well read on the internet by those who affiliate themselves with al qaeda. the american who was killed in yemen in the drone attack was one of the people behind it and it is an influential magazine but you have to remember 80% of terrori

we turn to the american economy.one of our most popular guests with an exceptionally popular -- cautious call on the american economy and number of months ago. on glimmersto date of optimism that you see or do you go with the recent economic data and possibly a growth slowdown? >> glimmers of optimism. the glimmers i would pullout is that we don't see a recession yet. that is a glimmer of optimism. when you look inside of the ,mployment, the jobs market there is one cohort that is doing better. when you look at the employment when you lookio at people who do not have a high , they haveoma recovered most of their recessionary job losses. americans havene not recovered anything. tom: i'm so glad you brought this up. there was a fabulous chart this weekend showing what you are talking about. the quality of the jobs, the 200,000 jobs per month we are creating, the great theme is that they are lousy jobs. do you buy that ig -- idea? lakshman: that is what the employment ratio shows. it is on the backs of very cheap labor.

good deal for government, bad deal for the american economy. [applause] >> i find this hard to to bbq are telling me when the federal government established the federal reserve and predicted this cartel of banks that it did so partly to benefit itself, that seems inconceivable. [laughter] >> governments are always selfless. [applause] and it reminds me after world war i after i discovered this in the 1950s when the british shot me down side the navy and when the navy was being downsized the agency running the navy got a bigger and more bureaucrats. that's what happens with government. you see it in defense department today the uniformed personnel. >> one final question for you. you may have heard that the defense argued that the fed needs to be there as a lender of last resort to provide liquidity. if you have any thoughts on it that as a justification in the policy class >> if done right, yes it shows back in the 1860s if you had a credit crisis you could go to the bank and the above market interest rate and get a short-term loan and then you

talk to them, and rosell was also very good at this, always talked about the wonders of the american economy and the football owners as great entrepreneurs and innovators and how it was really the great free enterprise system which allowed them to develop in the way they developed. but, in fact, what they had was the power of a cartel, the power of -- not a monopoly, but a cartel. they controlled markets, they controlled, they controlled product location, they controlled product exposure through television. this was a wonderful sort of an arrangement. and, of course, they wanted nobody to touch that. and so they described it all in terms of free enterprise. and it was. it was just genius. it was absolute genius. i mean, rosell was an amazing, amazing figure. >> host: who was he? >> guest: he was a guy who came out of southern california, well, i guess northern california originally. and in public relations. he migrated down to l.a., got into the, got into the administrative staff of the rams, worked his way up through that to general manager, and then after burt bell died of a heart attack i

the standings frt world's largest economies is a richer or productive china was good for the american economy and good for american workers, because a richer china would buy more of what the country sells, did that come true, was a rich ever china going to be important for the u.s. a sag and dragon, it's "inside story". . >> people are pushing shopping carts full of things made in china. power tools, bath tauls, tea kettles, pyjamas, and dinner dishes. in a generation, they didn't just target one category and seek to dominate it. it seems like it decided to go after everything all at once. at the same time, productive workers were nod paid well. so domestic consumption is relatively smaller percentage of national income. so china could sell cheep, and by finished products not from us, but from itself. >> joining us to look at the fortunes of a saggon dragon are derek, a resident scholar at the american enterprise institute, and robert manning, a senior fellow at the center on international security of the atlantic council. derek, depending on what year it is, you pick up the business pages, a

well, and they are having quite a recovery of the american recovery -- economy, and we wish the americanmy getting better not goodr, and it is for anybody to point an accusing finger at somebody else. betty: so in 12 months, what would you like to see accomplished? mr. yang: in 12 months' time, of course, let's work hard to make the president's visit and the heads of state meeting a success. and thatessage be out china and the united states will continue to build this new model of the relationship between china and the united states. i think it is also very people to view things from a new perspective. that is we are in the 21st century. the 20th century is a great century, but there are lessons to be learned, as well, so adopt a more forward-looking attitude. betty: i have spoken a lot about the concerns of the americans, but i am curious from you. what deeply concerns you the most? what keeps you up at night? well, now in this information age, diplomacy is going on somewhere while you are asleep or awake, so i have to make sure that things are functioning in a normal fashion, and it is

i think lower prices overall are great for the american economy, but they are not as good as they used to be. now there is less producers,less capital expenditures by the companies here in the u.s. that was previously being spent. >> we'll leave it there, kyle, have a great weekend. kyle cooper with iaf advisoradv. >> they are keeping inflation in check at this point. prices that are measured before they reach the consumer level, it was flat in the month of august. wholesale gasoline prices fell by 7% last month. the biggest drop we have seen since january. home heating oil prices fell 11% and that helped off set the rise in prices in other parts of the economy. >>> consumer sentiment took a tumble in september. the index fell to the lowest level in a year and main street felt the effects of a cheap stock market. william dudley last month cited sentiment as a key early gauge of evidence from any kind of trouble tied to market volatility. >> and despite that decline in oil prices, the major averages managed to close higher. the dow jones rose 102 points on friday to close at 16633. the

hoover makes a statement that the basis of the american economy is sound. he is trying to install confidence. the following tuesday, october 29, black tuesday, the stock market crashed. susan: before we get into the white house and the depression, we missed a story that i do not want to leave on the table and that is during her first months in office, she had a experience with an african-american. annette: it was common for the first lady to have tea for the wives of the members of congress. in previous administrations, it was usually one t where all of the wives came for one event and it was over. in the same year that hoover was elected, 19 28, chicago elected an african-american congressman by the name of oscar depriest. he was the first african-american to get elected to congress. the issue arose about what to do regarding inviting this is depriest to one of the tease. lou instructed her secretary to have a discussion with the political side and how can this be handled. one of the decisions that lou made early on was that instead of having one large t w

it will grow the american economy at a level it hasn't seen for decades. and all of this does not add to our debt or our deficit. but i will also be discussing some of that at the end because we have to make much better deals, we have to negotiate much harder and we have got to make our economy strong. changes for individual will be at levels that you haven't seen in a long time. we are going to cut the individual rates from 7 brackets to 4. simple. 25%, 20%, 10%, and 0%. if you are single and earned less than $25,000 per year or married and jointly earning less than $50,000 -- so, very important, if you are single and earn less than $25,000 or married and jointly earn less than $50,000 san diegos you will not pay any income tax. nothing. this eliminates very strongly and quickly the marriage penalty. very unfair penalty. it eliminates the amt which is the alternative minimum tax. it ends the death tax. it is a double taxation. a lot of families go through hell over the death tax. it reduces or eliminated most of the deductions and loopholes available to s

it's not about the american economy or nominal gdp.r all americans? george: i want our view of economics to grow up. we've had a child's view of what markets do. magically come a automatically just give us what we want. this takes in adults view in the markets not only give us there'sreally want, but some ability to tempt us or manipulate us into buying something and markets will do so automatically. they will do so as long as there is a profit to be made. tom: look at the cover of this book. these are the most twisted covers 40 comic book. -- foreign economic book -- for an economic book. mike: why don't markets act efficiently clear in this case? why doesn't fishing get competed away and people do business with companies that don't fish? >> a lot of the fishing we talk about is fishing that people want. liked thatmpt you snake on the cover into wanting something you don't really want or buying something that you really don't want, there's nothing that markets can do about it. the beginning of the book pictures a poor woman in las veg

of the american labor economy. we are creating jobs for it and i trot out my single best chart for 2015. good morning, everyone. this is "bloomberg surveillance ," live from our world headquarters in new york. it is wednesday, september 30. joining me, vonnie quinn. .n london, francine lacqua we see more disinflation and deflation today with the european e.u. inflation numbers. francine: we do, and that brings up questions about how much power central banks really have to fight this. also, it is the end of the quarter. that means $11 trillion were wiped off global equity markets. what that brought home is how big the markets are, and that is possibly why janet yellen had to pause from hiking rates with deflation. tom: right now let's get the top headlines. here is vonnie quinn. vonnie: as francine was mentioning, it is the last day of the quarter and stocks are on an $11 trillion loss for the quarter. stocks are rebounding around the world. finished with their fifth straight monthly decline. 2008is a streak since t

the standings frt world's largest economies is a richer or productive china was good for the american economy and good for american workers, because a richer china would buy more of what the country sells, did that come true, was a rich ever china going to be important for the u.s. a sag and dragon, it's "inside story". >> the end of aging. >> eternal youth? >> yeah, not eternal "life"... eternal "youth". >> curing death. >> we're heading from "have and have nots" to a world of "haves" and "super-haves". >> can you afford to live forever? >> what's wrong if rich people got to live longer than poor people? >> that it's no fair. >> "faultlines". >> what do we want? >> al jazeera america's hard-hitting... >> today the will be arrested. >> ground-breaking... >> they're firing canisters of gas at us. >> emmy award-winning, investigative series. >> we have to get out of here. >> we're here to fully get into the nuances of everything that's going on, not just in this country, but around the world. getting the news from the people who are affected. >> people need to demand reform... >> ali velshi on

the standings frt world's largest economies is a richer or productive china was good for the american economy and good for american workers, because a richer china would buy more of what the country sells, did that come true, was a rich ever china going to be important for the u.s. a sag and dragon, it's "inside story". >> "america tonight" brought you the story that shocked the nation. >> i remember waking up and he was trying to have sex with me. >> now we go back inside the colleges in crisis. >> the vast majority of sexual assaults on campus are being perpetrated by serial offenders. >> revealing accusations, cover-ups and the shocking failures. >> before he raped me, he had already been sanctioned by the college. >> is enough being done to protect our children? . >> people are pushing shopping carts full of things made in china. power tools, bath tauls, tea kettles, pyjamas, and dinner dishes. in a generation, they didn't just target one category and seek to dominate it. it seems like it decided to go after everything all at once. at the same time, productive workers were nod paid well.

>> given talking about the 5 trillion stock market rout in china, and we have an american economy doing ok. but the fed and janet yellen tells us that it is code for what happened in china. ie: you think he is listening to the imf warning, there is no expectation once you raise rates to go backwards/ . enda: only to reverse it later, i guess she wants to be sure that there is a lot of difference in the market. they know that it could trigger turmoil in american markets. a freshhat didn't cause downturn, more shame for the american market, the fed not want to take blame for that. angie: it is what i heard that was very interesting. janet yellen in her press conference saying that october and december good still see rates rise. a lot of people dismissed october as a possibility. is that back on the table? enda: i think it is still a possibility. economists are not sold on november just yet. we're back to yesterday, when -- the capital outflow story from impact on currency the region, we are back to where we started many ways. angie: how are emerging markets going to fare after this decisi

it will grow the american economy at a level that it hasn't seen in decades. >> however, some critics say the plan could cost the nation trillions of dollars in lost revenue. >>> coming up, what sanitation work withers found inside of a couch on a busy road that has police investigating a possible murder. >>> an amazing discovery on mars. what scientists found that could be a sign there maybe life on the red planet. >>> something doesn't look quite right in this video. . >>> two southwest airlines planes collided as they were taxiing to the gate in seattle. you can see part of the tail of one plane on top of the 0 other jet. the incident happened in an area where the planes are parked overnight. the airline is investigating. details about a skeleton found in a couch dumped along the parkway in brooklyn. the workers put it in the compacter when suddenly a skull popped out of the cushions. more remains were found along with a slashed shirt. they say the victim is a nan his 30s. the bones had been there about a year. right now investigators are trying to figure out who this person is and

it is a great digital divide conqueror because at all levels of the american economy, they all know howe phones and tablets. even little kids know how to use a tablet at two years old for three years old. betty: it is a great equalizer. charlie: i think we can have a positive impact on america and society in terms of making sure we bridge that digital divide and one of the ways we can do that is with connectivity. betty: when we come back, what is it like to work for ergen? i asked him about his reputation as a difficult boss and how he can revamp that image. more when "titans at the table" returns. ♪ betty: welcome back to "titans at the table." i am betty liu. according to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture f

it will grow the american economy.level that it hasn't seen for decades. >> although trump said the wealthiest earners would not be thrilled with his plan, he says he believes they would still benefit has the economy grows. >>> here is something that will make do you a double take. look at this picture. that's what people saw, look at that, upside-down hot air balloon. more than meets the eye. >>> all right. put your cheerios down and look at this new video. how would you like to be in the basket of this hot air balloon? hang on. a lot of people were shocked when they saw this over las vegas on friday. look again, there is a small basket at the bottom of the balloon. i should have pointed that out sooner. there you go. the police department says it received a lot of calls from people worried who might be in the balloon but the company who owns the balloon says everything is fine. this was just the first time they had flown it in the u.s. that's why people were surprised. >> we have video this morning of a violent colli

let's change gears now get the american economy grew at a faster rate than first thought in the firstquarter. consumer spending and investment came stronger than the previous estimate. consumer spending and investment are key for economic strength, and they helped to boost growth to 3.9% on in the annualized basis. the u.s. economy stalled in the first quarter. the commerce department had previously estimated growth of 3.7% between april and june. meanwhile, federal reserve chairman janet yellen has opened the door to an interest rate rise in the united states. she said it is likely before the end of the year. she was speaking on thursday just a week after the u.s. central bank kept rates at record lows near zero. there is been plenteous decoration on when and how the fed will normalize rates after the financial crisis. that statement from yellen seems to clear up an american stocks jumped at the open pit the nasdaq and s&p 500 have lost steam this hour. i'm guessing we're having a slight problem with our info graphic there because i doubt the s&p 500 is down as much as 17% this hour.

it will grow the american economy. at a level that it hasn't seen for decades. >> here's what he's proposing, four individual tax brackets with a top rate of 25%. currently the top rate is almost 40%. workers who earn less than 25,000 a year would pay no federal income taxes. instead trump's campaign said that those individuals could send the irs a one page document with a note i win. trump would preserve deductions for charitable contributions and home mortgage interest. almost all other deductions and credits would disappear essentially raising taxes on the wealthy. >> the economy is what i do well. whenever they do polls, i always come out way above everybody else on the economy. >> trump's plan would cut the corporate tax rate from 35% to 15. that in turn he says would stimulate the economy and create job. most economists say the growth he's talking about, 3 to 6% a year, is unrealistic and less money coming in means higher deficits for the country. >> well, clearly somebody in the trump camp is now starting to see

that is just being out of the american economy. it takes a circuitous route from american taxpayers to the u.s. government to the low-wage immigrant who need the support from the taxpayers and that's why they take the low-wage jobs who lives in apartment with five other immigrants and sent them back to the grandmother who then buys carlos 40% on the mexican stock exchange that he needs that money in mexico. they then buy a product and it goes into carlos pocket. can we just write a check to carlos? >> for people who don't know when i didn't know this until i read your look ann you tell the story of american immigration because you referenced it earlier. obvious for me that means my great big grandparents got here 1907 i believe and so the easy thing is to buy into illegal immigration data and illegal immigration goods. my grandparents and great grandparents came illegal and why that's no longer the case of why illegal immigration needs to be curtailed? >> your people are great other than the way they vote. it really helps the countr

they are looking to raise interest rates for the first time in nine years with the american economy andhe job market picking up. being closelyon watched by markets around the world because of the impact it will have on the value of the dollar. let us take a look at how the stock markets are trading here in europe. markets mainly positive across the board. london, paris, and frankfurt showing some green. in paris, one has the biggest gain over 6%. the government would not be allowing advertising back to --time public television back to primetime public television. genie: let us turn to malaysia with a company has that the government has stepped in. >> they will pump 4 billion euros into the stock market to stop the turmoil on the markets there. the prime minister stopped short of introducing capital controls over the plunging value of its currency. it has lost quarter of its value against the dollar in the past year. genie: there has been praise in the government's recent economic reform in france. said sheine lagarde will upgrade the economic forecast of france to between 1% and 2%. the

it will grow the american economy.a level that it hasn't seen for decades. >> trump said although the wealthiest earners will not be thrilled with the plan he says he believes they will still benefit as the economy grows. >>> new jersey governor chris christie stumping in iowa last night. he is standing ground on a gas tax issue in new jersey. state democrats want to raise the state gas tax but christie is urging state gop leaders to block the measure out of fairness to taxpayers he says. democratic state assembly speaker called christie quote disingenuous. >> philadelphia made quite an impression on a documentary crew from the pope's homeland of argentina. they were following the pope around, on several trips but in philadelphia the production team said people who came to see the pope seemed more genuinely moved by the pope and what he had to say. >> the way the americans have reacted to him is amazing. it's touching. it's overwhelming. we saw a lot of people yesterday just waiting for him to watch him pass by. and th

what did you work on this in terms of this crazy american economy?tried to gain some perspective on what is the shape of the american cycle this decade. we are in the sweet spot. we have low rates, consumer risk appetites are finally starting to turn around a little bit. when you try to get perspective and look at it over the course of the entire decade and beyond, you see we have a struggling labor force, a horrible demographic and we cannot get an immigration policy done here. structural unemployment, and other things. this there is a track on spirit we have the worst recovery since the 1950's in consumer spending and residential construction and business spending on equipment, on exports, government spending. across the board. tom: steve roach has spoken about this. with the consumer, is the theory of a dampened american spirit --t you have, >> i am a happy guy. tom: i know that. the idea of a new america, has -- is any event shared with the federal reserve? >> the fed has been really slow to pick up on longer-term macro themes. on, structure thei

and it is a great digital divide conqueror, because at all levels the american economy -- rich, poor,-city, rural -- they all know how to use phones and tablets. even little kids know how to use a tablet at two or three years old. betty: it is a great equalizer. charlie: it is a great equalizer. i think we can have a positive impact on america and society in terms of making sure that we bridge that digital divide, and one of the ways we can do that is with connectivity. betty: when we come back, what is it like to work for ergen? i asked the dish founder about his reputation as a difficult boss and how he is trying to revamp that image in his company. charlie: you do not get a medal for participation. betty: more when "titans at the table" returns. ♪ ♪ betty: welcome back to "titans at the table." i am betty liu. it was fun to sit down with charlie ergen, but according to some reports, it is not so much fun to work for him. in 2012 and 2013, employee surveys -- conducted by glassdoor -- gave dish network some of the lowest readings in the country for its work environment. ergen told m

it will grow the american economy at a level that it hasn't seen for decades. >> reporter: trump would create four individual tax brackets with a top rate of 25%. currently the top rate is nearly 40%. workers earning less than $25,000 a year would pay no federal income taxes. trump's campaign said those individuals could send the internal revenue service a one-page document with suitably trumpy-ian language, "i win." trump would preserve deductions for home mortgage interest and charitable contributions. almost all other deductions would appear, essentially raising taxes on the wealthy, as trump told "60 minutes" last night. >> some people that are getting unfair reductions are going to be raised, but overall it will be a tremendous incentive to grow the economy, and we're going to take in the same or more money. >> reporter: trump would also clash is corporate tax rate from 45% to 15%, consistent with republican supply-side theory that across-the-board tax cuts stimulate economic growth. >> how would you address the democratic argument, now three decades old, that we've tried supply s

the latest fed survey of the american economy shows manufacturing activity has been mostly positive. beige book report plays a crucial role in the fed debate over a rate rise. economy provided another positive look at the domestic picture for federal reserve policymakers. fed districts reported moderate growth. the survey which covers july through mid august showed a mixed picture for manufacturing. a strongricts reported dollar had dampened manufacturing activity. cleveland, st. louis, san francisco. home sales were increasing in every district. information gives that policy makers a new set of data before their market committee meeting where they will consider rather 2 -- to raise rates are not. positive u.s. economic numbers including second-quarter growth and job growth at a steady click. policymakers are facing global unease over china's economic health. there was little mention about the recent market turmoil, certain to factor into any decision made in just two weeks. relatively well, japan has the heaviest debt load in the world. the government may have a new tool to tackle th