the earth repel scientific discoveries that improve our lives in countless ways here at home industry,ast new sperry incredible technology, and providing space security we need to protect the american people and security will be a big factor with respect to space and space exploration. at some point in the future, we will look back and say how did we do it without space? the vice president will serve as the council's chair. several representatives of my administration will join him, including secretaries of state, commerce, transportation, homeland security. is doing an fantastic job, always working and always fighting and winning, winning big against isis, that i can tell you, seeing what is happening there. the chairman of the joint chiefs of staff. the national security adviser, nasa, and the director of national intelligence. the council will also draw expertise of other white house officers as well as insights from scientists, innovators, business leaders from across the country. many business leaders want to be a part of this. i think the privatization of certain aspects will be pla

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obviously we were all up late ast night. but i called him this morning, they were in caucus. ut that opportunity has to be there as we go forward. reporter: is it incumbent on democrats to reach out to republicans after this vote failed, and say we said we'd talk when repeal was dead and here's where we stand? mr. crowley: we have always stood ready to talk about health are. we have not been asked to the table either in the house or the senate. we're in the minority, we recognize that, but we've stood ready with ideas and thoughts about how we can mend or improve the affordable care act. it's incumbent on them to join us and bring us to the table as well. mr. cicilline: just to follow up on chairman crowley's point, you eard this morning, there are additional proposals put forth by the democratic caucus, there are lots of good ideas on the ways we can improve the affordable care act. there was a press conference last week outlining some ideas. there's no absence of ideas. what we have had so far is an absence of willingness to work with democrats in a bipartisan way to make t

the tagline, out spin and out l ast. one firefighter is recovering after he was hurt telling a massive fire earlier this morning. nearly 80 firefighters are on the scene. hurtnjured firefighter was when he fell off a ladder. no word on his condition. an officer in prince george's given jail time after being convicted of assault. man into ahases the field and he ran right into that suspect. he is sentenced to two years, but must do 100 hours of community service. session for parents about the former teachers aid and coach charged with sex abuse. carlos beltway's accused of sexually assaulting several male students and has admitted he is hiv-positive. now to a special story in howard county, new technology is saving a life. >> it is an unbelievable story of survival. a man is having a heart attack in his conference room. h his boss notices him slouched the ambulance crew to get there. that is where this comes into play. when a cardiac arrest call goes to the system in howard county, and notifies everyone around the address

aste. ♪ along later, in the news this noon, three people are rescued after a water spout came withineet of their boat in new jersey. >>> ten immigrants die in a hot truck after crossing a border illegally. federal charges have been filed against the truck driver. >>> the big story on "action news" this noon president trump son-in-law facing confess in the russian investigation. jared kushner is meeting with the senate intelligence committee on capitol hill. he is the first person to discuss russian meddling in the 2016 election with government officials. meghan hughes is live in washington with the latest. meghan. >> reporter: sarah good afternoon kushner releasing this 11 page statement. in it he goes into details about the four meetings he had with russians during and shortly after the campaign. he also states he has nothing to hide. the first member of president trump's inner circle on the hot seat appearing before investigators for the senate intelligence committee. jared kushner releasing a statement in advance of the meeting. i did not collude or know anyone else who colluded w

ast does that do to the yuan a global currency and what happens?s payment for the risk is that it rises as the dollar falls. through your current thinking on it. >> i don't think it is going to rise much further. you have to remember it was not dollar,ing against the as the dollar rose against everything else we saw the yuan across their time zone. the effective exchange rate was a lot. life is getting easier for the chinese. don't forget, that is pretty if you're in-yuan beijing. it is not as if it is not important. the exchange rate environment is becoming more helpful for the chinese at this point in time. it matters richly in berlin. -- greatly in berlin. >> nero was talking about a cross. anna: trying to find front of behind this point. what are your thoughts on where the assets go from here? this is about the currency. interestin on your crosses, is that i have a death cross on dollar-yen is scary. manus: a golden cross on equities. >> i don't think i can have a dramatic rate higher -- lower in dollar-yen because manus: one is risk off and th

the washington examiner night rex ast tillerson, secretary of state is according in texas, to a report saying he's taking home ff, spending in the state of texas. lonestar r dc for the state. a spokesman for the state department said he was taking off.time he does have the ability to go away for a few days on his own. lot of work, just came back from the megatrip few days he can take a for himself. rumors, he is -- be back to work state ington at the -- the state in epartment, there was bit of exchange about rex tillerson about the idea or these reports and theose to resigning spokesman for the state department had exchange with a reporter on the topic. here is a little bit of that exchange. >> is it true or false that he's resigning or leaving administration early? false.t is we have spoken with the secretary, the secretary has been very clear he intepds to stay at the state department. we have a lot of work left to be done ahead of us, he recognizes deeply engaged in that work. we have meetings scheduled, he scheduled here in washington. he serves at the pleasure of the resident as a

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am not ast i concerned about the negative aspects of a constitutional convention. the possible -- the positive aspect is that often time when the people begin exerting this , congress responds in a positive way. it puts tremendous pressure on them. lemming give you one quick example that i am enormously proud of. it is not the convention idea, but the goldwater is to toots started in idea called right to try. some of you may be familiar with it. is a state provision that says that individuals with fatal diseases have the right to choose, the right to access medicine that is experimental and not approved by the fda. that has been gone through clinical trials. the states may not have the power to do this. his ideas spread like wildfire. over the 30 states have approved it, including governor jerry brown signing california's law into this affect. the fda washat going to file a lawsuit to challenge this as a violation of federal sovereignty over international commerce. we were sure that was going to happen. we were preparing for the litigation. instead, they act down.

ast year the grants were distributed for half the year, this year funds dried up as urban ment of housing and development rejected request from the state leaving short scrambling to provide services during the busy season. meansck, new jersey, that elimination of parks and recreation. andatory budget cuts for every municipal department and state monitors overseeing every expenditure. economically starting to ickoff now because you had all these programs and subsidies and suzanne fated away," martcheck from ocean county nonprofit help area. he adds, you are kind of left with the dust settling and we'll really see the impact, that is new york section of the "new york times." rob in austin, texas, democrats' line. caller: yes, good morning. going back to regular order, working together on to get things through, i think it is time this country comes together and work quit this one and ing. biting and act ing am so tired and a lost americans are tired of it. we are tired of this back biting saying, they are wanting to it their jobs and blaming n the other party when it is both parties. the guy

. >> phillies are struggling through their series with the best team in the american asts , very goodnd they are making it look very, ver pladelphia tot for phillies rooni out seven over six innings was only done inning, astros,els came off they put up a four spot and beat nothing. astross mvp candidate help say with a 17 game hitting streak and the monh of july. they will wrap up series tonight but astros now 37- 12 on the road this season. >>> there were two tennis town k peak at a big new sports movie , our introduced billy jean king and andy roddick at st. arena king and roddick answered questions about their spectacular tennis careers and they got a preview of the movie bolof on that 1973 tennis match between billy jean king and what did you think. >> great evening. they were supporting project mad s charity group does an a nation job heat one of our viewers helen brown. she's watching right now. bu money. very good. interesting because i don't play tennis, i h eye/hand coordination issues but still >> awesome.sted in the topic. >> good night for all. >> thanks, patrick, apprecia

they can't get is because they are not illing to offer jobs under the terms and conditions and pay ast an american would demand a matter of self-respect. i actually had one of these jobs 1976, a long time ago. i had a job as a thoroughbred groom on the backside of hollywood park racetrack in angeles, that big green you used to see when you were coming in on approach. of my co-workers, three old -- and ple, i ple from south america, don't know whether they were legal or not, one does not ask. terms t me tell you the of my employment, they were couple days off, hours off in middle of the day, get off around 5 in no days off seven ays a week, no days off ever, ever. host: okay. seems like these are not easy --s to have, linda is making guest: i think this last caller really hit the nail on the head. is the problem with in of the u.s. nd abor mark sxet specific jobs based on -- it could be even worse if you are talking about boat and on a shrimp you are on the boat for a period of days or weeks, the work wages, ns, not just the it's the work conditions, the ours, the way the jobs are organ

trade representative office and negotiate what they change in nafta and they ast to finish it up as early december or january because exico has a presidential election next year. also, the u.s. has mid-term congressional elections, we know consist do for trade policy, bring out a lot of critics. fast track authority needs to be renewed, if it doesn't, it will expire next july. rump administration wants to get going as early as one month from now. host: here is what the white new nafta o say, the must continue to break down barriers to american exports, of unfair limination subsidy, market distorted state-owned enterprises and intellectual property. modernizedfta will be to affect 21st century standard america's imbalances in north america. that is from the white house and prime to hear from the tru er of canada justin do. look.is a >> sometimes getting it right eans refusing to take the politically tempting shortcuts. barriers, more local content provisions more pref access for home grown players and government procurement, for example, does working families over the long-term or even the

ast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> meet some dc firefighters deeply connected to the community they serve. >> this family believes the power company nearby has polluted their well water and a government agency let them down. >>> are those charcoal beauty products doing more harm than good? we will verify. >>> there is a librarian on a mission to families. >>> and get ready for summer storms. the news at 11 starts now. >>> yellow weather alert saturday for heat and big thunderstorms. some could be heavy, some severe. first things first. check out the current heat index. it feels like it is 100 degrees downtown, 100 in annapolis and 96 in waldorf. that is pretty serious heat. yellow weather alert sunday. y? our risks are dangerous heat, we have a high risk of t

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ast oversold flights five days in advance then e-mails frequent fliers with simple eye tin rathers askingplans are flexible. if they're willing, they'll be rebooked and offered compensation. united could then charge more for the seat. >> it's going to help keep down any interruptions on the day of the flight and make everybody happy if it works. >> reporter: just last week united apologized to a mother for giving away a toddler's seat she paid a thousand dollars for, forcing him to sit on her lap. in april, united passenger dr. david dow was dragged down the aisle of an oversold plane after refusing to give up his seat. >> oh, my god! >> reporter: ceo oscar munoz told lester holt united will never again remove a seated passenger instead offering up to $10,000 to customers willing to be rebooked. >> and those two combined is one of the solutions because itses a not just monetary, it's a combination of when can i get to my destination. >> if i don't have any prior commitments, then sure, i'd be willing to do it. >> i think that's a better idea than letting me get to the airport, then asking

signs ineing positive all,ast years, first of inflowsial -- new net is increasing, going back to precrisislying that the stock of nonperforming loans is decreasing. general economic situation of italy is improving. growing at a lower pace with respect to other european countries, but is growing. for thepositive also credit quality, which is improving. so, according to our estimates, operationsnsidering is a massive sales for nonperforming loans for the next two or three years, the ratio will return well below 10% and the italian banking sector. this,the criticism of this wind down we will call it, it spreads the cost of failure onto taxpayers rather than the banking system. so, does thatng damage the credibility of the eurozone banking union? well, first of all, about the cost of the deal. the italian government has committed up to 7 billion euros. but this is a commitment, not the costs of the deal. be cost of liquidation will computed at the end of the liquidation process once the asset management company, owned by the treasury, will complete the work of -- of working out and selling the

ast's what we have coming up the earnings season beckons on the heels of recent market turbulence.t turned him coming to the producer price index globally speaking, so heading into earnings season to see if that analysis in any way shape or form is correct. we are watching earnings. we are back to watching the fed, central-bank all, and where they go from here. janet yellen preparing for her testimony to congress, plenty of clinical distractions to be had from capitol hill, all of this over donald trump's meetings with the russian lawyer. we are 30 minutes away from the open in hong kong and china, a meandering session so far. it's get it over to sophie. edgee: fed watchers are on as we await janet yellen's testimony to congress. that brief jolt was not enough to dent the s&p 500, but equities in asia under pressure, the asx 200 and nikkei 225 leading letter laggards today. it's unclear what kind of pressure this will have. dovishainard ahead of commentary which did send treasuries higher, the dollar falling for a third day, so asian bonds and currencies catching a bit. in the comm

more than $3.5 billion in the .ast year india's economy is expanding seven times the pace of japan, beingy a growing at all class and more than one million young people joining the labor force every month. shares have hit multiple records this year alone. optimism continues to grow. , uranium and sending a test shipment to egypt -- ♪ haidi: it is a: 30 a.m. in sydney, markets open locally in 30 minutes' time here looking at futures, pretty negative open across asia, broadly after u.s. stocks ended unchanged. tech earnings a big week, financials as well, gdp rounding up a big week. same for the u.s. economy. let's you caught up with the first word news. plant president trump's team has been playing down the comment he asked about complete power to pardon. he cannot pardon the supreme court. they would have to determine if he could pardon himself. the legal team said the issue is not on the table. >> i am not sure, but it does not matter anyway. this is one of those stupid hypotheticals. he will not have to do it because he has not done anything wrong. oliver: the parliament -- rosalind: $9

the democrats are jealous because they lost the election. .asted all of this money there is no case againsthe man . this is a case against the american people does this is a clue trying to overthrow this president. i would run from that place. they threaten his family, his life. the republicans, they are sold out. the democrats are sold out. it is a sewer and the media is a sewer. i agree with him completely. god bless them. he is protecting him. i'm ashamed and what is going on in our country. arkansas.springs, caller: i do agree with the president, 100%. the congress needs to protect him from all of the infighting. for eight years, they were yelling and screaming that if they only had a presidency they could do stuff. now they have got it and everybody is trying to overthrow him, like the last caller said. he is not a part of the good old boy system. the good boy system is what the swamp is peter we need to change that. -- what the swamp is. we need to change that. the repugnant party needs to understand it is the people who -- the republican party needs to understand that it is the peopl

list --ast on my >> last of my list, but not last in any dividing sense has to do with changes in the legislature and what was created in the senate, the house, and the halls for blackn salem people, especially for black women. it is not normal yet, but it is now acceptable. there is more room. there are more tools, resources, thean affirmation of importance of black women's voices. in some ways, that is really symbolized by the civil rights portrait of the signing of the civil rights alleges lay to that hangs in the capital building, which was kind -- legislature that hangs in the capitol building, which was hidden away for many years. is now highlighted. create a space to celebrate civil rights accomplishments. theanyone who comes into capital, to be reminded of the story, ivil rights think is a very important legacy. name of the book we added his oregon politics and government. specifically chose progressive versus conservative discussing what the state is like. it's an edited volume. there was considerable discussion about how to describe oregon. we could have called it liberal ve

caroline: further than any labor reform that has been done in the ast.the cost of hiring and the process of firing, making it simpler, making it easier to negotiate at the company level rather than having everything centralized by a union and industry agreement. and finally he wants to make it easier to fire someone by tapping severance pay. shery: this weekend marks 20 years since the flag came down in hong kong. president xi is making his first visit to mark the occasion, and thousands of people have been deployed to quell protests. yvonne: he had a softer touch in his opening remarks in hong kong. he said hong kong has always been in his heart, although there were some warning moments when he met with the outgoing executive, praising him for clamping down the small and independent movements that were a big political force during his term. and as well the journalists when they first meet with xi jinping talked about the fate of a chinese jail. nobel peace prize winner went through a transfer for further cancer treatment. xi pretty much ignored that que

this year has been almost the mirror image of last year. ,ast year, a lot volatility eight cents of theinning of the year, bad things are coming in those things happened. -- a sense of bad things are coming and these things happened. a bit of aitely balancing act. equities have done pretty well globally. fixed income, not bad in emerging markets, pretty well. you try to deploy capital when you know there's all of this noise whether korea or russia or the middle east. we just try to get a sense of how the market is whation technically and people have been reacting to enter the market. the big thing you have to pay attention to is how much cash and quads i cash is on the sideline because it can give you the -- quasi-cash is on the sideline because it can give you the buffer. sawd: like the ones we yesterday, in other words, kevin rudd said with had many missile tests. how much it does something like that change the equation? hans humes: to be honest, our group has been tracking the developments in korea for the past three or four months as something a couple of my partners have been payin

>> for me, the people from the ,ast, like buckminster fuller then individual, argue the first great architectrst person to draw attention to the fragility of the planet, which happened about the same time as the space race. when you were getting the first photographs of planet earth. , in a way, individuals was demonstrating sustainability for -- sustainability. with banana trees and no energy input, beautifully comfortable. with the changing demands of how we get energy, does that change demands for architects? >> it presents export merit opportunities. the price of solar, here the optimist's are in the ascendancy. predicted by 2030 that it will be cheaper than coal. realizing that, china is and the biggest but look at the investment. look at the investment better plan. -- battery plants. you have 10 of them in china, either under construction or operating. charlie: how does this change the operating text -- operation? >> we know that there's a solar prize with my name in switzerland. generated prizewinner the first percent of its energy that is needed. and issorbing more frankly energy suff

's goi to feel exactly the same aste afternoon. we've got a 60% chance of storms and a chance for storms on sunday. monday and tuesday, still hot and muggy. looks like the humidity will finally break on tuesday. we have a couple more days. the temperature dropping down to 84 degrees in washington. step outside the beltway, temperatures still in the 730s at this point. that heat index still at 90 degrees in d.c. what is it 5:53 in the morning. it's going to be a hot day. goes until 8:00. east of the blue ridge. the heat index will be over 105 at times. as you make your way out the door, temperatures moving along into the 830s. upper 80s before noon. i think we'll be in the low 90s by the lunch-hour. if you're planning to eat lunch outside, you might want to think again, unless you can deal with the heat. you may want to grab dinner outside or happy hour on this friday. the heat index at 7:00, still going to be at 100 degrees. now, saturday and sunday, v simil similar. a few more clouds and also better chances of storms. better chanc

and i think that this is kind of part of, i have to the lessons i take from this experience over the ast 20 year necessary america of, that we all need to be wners of our own wellness and looking at consumer choices and looking at labels and making that we don't eat too much processed sugar, that kind of thing. in california, couple minutes left, can you make it quick? david yes, my name is dower, doctor of chiropractic acupuncture. i've been working on opioid easiest way is to get rid of pain. chiropractor, if you miss that and get addicted, acupuncture works better, i used pennies on the dollar. get central nervous system to any better, almost condition you want to name out there, even infectious disease, it is all about the immune when you get the immune system working right, you don't have the nonsense you are programs on t.v. all the time and we can do it in a cost-effective manner, there kind of studies out here, for example, richard sarnat, look him up on the innerteinne internet. david.ot your point, guest: it seems to me overall point, there are many ways of and we were that, pa

. >> the most amazing ast -- astronomical event and that's a solar eclipse. >> it doesn't happen often almost 100 years since we've had a total eclipse go from one coast to the other coast. >> as is the case with all eclipses, not everyone gets the same view, it depends on exactly where you are. >> it's going to be around 80% zl that's for metro dc. >> everyone in the continental united states, actually all of north america, central america and a good portion of south america will get to experience at least partial e collapse. it's going to start in oregon around 10:15 a.m. local time and the shadow of the moon will united states at about 14, 1,500 miles an hour. it's going to go over 14 states, ending in south carolina. >> but the best viewing will take place in the path of totality. >> if you're in this narrow band, it's about 70 miles wide from oregon to south carolina. >> and that's where this expert is going. >> you can go to carolinas, i'm going to be in charleston. >> and the best way to view the e collapse is with some really cool glasses. >> never look at it with your eyes. th

and then most recently this ast april the heroic members of this squadron saved several lives when an explosion occurred on a slovenian cargo a ship. these brave airmen took immediate action when called upon to offer desperately needed medical assistance. on april 24, the cargo ship tamara was rocked by an explosion in the forward on april bulk head which resulted in the immediate death of one individual and severe burns for three other crew members, one who sadly perished prior to the team's arrival. 1,300 miles off the coast of cape cod at the time of the explosion, holding a crew of over 20 men, the situation looked dire for the injured this crew. coordination center was initially contract takted for coordination center was initially contract takted for help but reached out to two canadian vessels in the area. however these ships were 12 to 24 hours coordination center was initially contract takted for help but reached out to two canadian vessels in the area. however these ships were 12 to 24 hours away at the very least and did not possess the necessary medical capability. it was

to me, if you look back on that chart, depicting parallel is the bund from 2050. 2015.ast week -- like had a selloff of bund yields, but the similarities are more striking than the differences. in 2015, the bund underperformed in the selloff. this time around, the virtual is performing well despite some of the surprise announcements of last week. there is demand and investor demand and current yield levels unlike the issue we had in march, april of last year, and two, people are not possessing their view on the ecb. guy: that would be logical, what it? -- wouldn't it? we had a week to think about what draghi said. guest: i don't think he said much at all. we discussed this on this show before. the decision the ecb took was a political one, not an economic decision. qe is ending not because the ecb does not think it necessary, but they lost political support for it. so what the ecb is doing this trying to come up with an economic rationale for the decision they will have to justify later this year about qe being tapered further. that is what draghi started to do last week. but to anyone

. >> so turning to the actual results of the report to you can see the trust fund ratio ast is a comparison the objective is that short range goal is to achieve 100% for all years battery are projected that is one year later it experience last year. you can see the general shape has not changed much but the fact we did get a favorable experience most notably with those expenditures with reduced trend rate for those inpatient hospitals have contributed to the lengthening of the depletion date. >> you can also summarize the terms of the actuarial b balance looking at the present value of bin, rates so all the dollars going into the program less a thee cost rate for other expenses compared to a taxable payroll so you can see that income rate changes from year to year and there was a slight improvement in the cost rates so as a result of balance has improved, there is less of a deficit. so actually that means if the current payroll taxes of 2.9% were increased immediately to the 3.five 4% then the trust fund would bee in financial balance over 75 years.nteres often this is more interesting with

ast factor in those -- surely weaker dollar here is more important, too? go back to 2015, 2016, it put pressure on em. debt in u.s.ues dollars. the strong dollar puts pressure on commodity prices. we have seen a reversal of that. i think the more constructive view is constructive growth away from the u.s. and that's , -- that's net positive, capital leaving the u.s. in search of yield. but i think the administration does not want a strong dollar. he has brought the dollar down. julia: that is excuse for the dysfunction that we see. [laughter] u.s.moving on -- thank you very much for joining us. >> my pleasure. julia: now is time for the bloomberg's newsflash. scripps network is said to be in acquisition talks. discovery and file, are looking to buy the company. the deal could be announced as soon as this month. jetblue is looking for partners to help at new york's jfk international airport. says the location has the potential to have great value and they are targeted for opening in the mid-2020's. the parent company lvmh is trying to capitalize on the chin

get ast of all, we did cbo telling us an estimate of how many additional americans with those their healthill. this would be the straight repeal. they would be an additional 23 million americans who would lose health care by 2026, another 10 million from the previous bill. that makes it hard for some senators who might be on the fence, particularly moderates to vote for this because they have to go home and explain these votes. knowing that, the president met with some key senators, republican senators, had them over to the white house and said, you need to do this, if you do not do this, if you do not repeal, that is saying that you are fine with obamacare. giving them a bit of a warning and saying you should cancel your recess, your august recess rather than go home without having done this. it is very hard, very and clear what the path forward is. manus: i would love to meet a politician anywhere in the world that would give up their summer recess. thank you for joining us this morning, jodi schneider in hong kong. let's talk about the markets. there is one thing that gets us in an up t

that is fiber to your house ast, it's really, really exciting. >> ctia president bake or what 5g network will look like to consumers and talk about uilding of broadband in rural areas and spectrum auctions. nterviewed by politico technology reporter margaret harding mcgill. costs that much to invest, how do carriers make a return on that? 500 billion to jobs.onomy and 3000 one out of every five people will have a 5g job. we've got to move on spectrum, get a pipeline of low, medium and get this infrastructure right because as to oll forward, we need build 300,000 small cell sites years and what a small cell looks like is a pizza small and going to be attached to everything, these networks, ore dense they're on traffic lights and buildingsghts, besides and so what we need and this is eally important, we need infrastructure that rethinks how we site. tonight communicators at 8 eastern on c-span2. "washington journal" continues. host: stephen dinan from the is our guest, s politics

his initial proposal that was unveiled did not mention broadband but it was reported told ast month in iowa he an audience there that broadband would absolutely be a part of his $1 trillion package. because i'm concerned about the lack of clarity, i guess we'll start with you, mr. carr, and then mr. -- ms. rosenworcel and then mr. pai, i want to know where you stand with regard to whether broadband should be a part of this infrastructure program. the follow-up question is, if we indeed successfully advocate for these resources in an infrastructure package, would you advocate for those resources to be deployed through existing f.c.c. programs through a new f.c.c. program or programs outside of the f.c.c.'s orbit? mr. carr, why don't we start with you? mr. carr: senator, thank you for the question. the usual caveat i defer to congress and the administration working out how to put together an infrastructure package, i believe the secretary of transportation has recently also said she believes that broadband should be part of it. i think that will be a good idea. the f.c.c. does have an ex

reporting how drastically confidence in the united states president has eroded around the europe and ast in fractious transatlantic alliance allows more space for terrorists to act both in europe and here at home. terrorism in europe is a multi-faceted threat. while in some countries it has proven to be more nuanced and others. most recently, we have witnessed a barrage of coordinated in the other lone wolf attacks. europe, in central governing politicians point to welcoming refugee policies in other european countries as a leading contributor to terrorism in order to push their agenda of stronger border control. in fact, you have to go all the way to russia to find similar examples of terror in eastern europe. but in turkey, another nato ally that has been under attack by terrorists have pommeled cities across the country. but we see the less attention for doing so. this brings me to the first point of clarification, threat perception. politicians on all sides in the media are attracted to shocking stories of terror in europe. these acts have taken center stage with the help of cctv and

how much do we want to suggest that there's a benedict option ast has to be considered well. what brings to my mind. in fahrenheit 451, in a culture books. there are little bands of people who memorize because they can't page.to the memorize shakespeare. , --o [indiscernible] [laughter] upon bradbury's tale as a cautionary one. offmetimes wonder how for a we are from that. distance.ood is that not a kind of benedict option. saying i'm advocating that arem suggesting there multiplicities and strategies that we can pursue. of them?ne are there others such as eric as described. others such as john represents. whathere others such as professor kass has described. in our owneach capacity, generate support for endeavors? werean we resist those who silenced thought. to those whopeal what we do.support oft are the multiplicity strategies. if we think of there's one to this. how can we develop the multiplicity of solutions? whether it be think tanks or be the heroic band. i don't know. we perhaps me that could take intelligent step by identifying what the multiplicity of those possibi

earlier this month, iran through another american citizen in jail ast year, this time it was a princeton student conducting research in iran. he is being held in iran in its most nor tore youse prison. and if anyone thought iran was going to moderate as a result of the nuclear deal, these unlawful detentions are evidence to the contrary. iran has been emboldend and there is no indication they will stop this tactic of terror. we need to get the attention of the terrorists who take delight in detaining americans and iranian citizens for political reasons. iran is not just content withholding americans, they are actively working to extract payments and concessions from the united states. like sanctions relief as a condition for their release. this is old-fashioned textbook extortion. this resolution will send a clear message to the mullahs, release the americans and return them to their home. let the american hostages go. the new sanctions imposed by the treasury, more pressure is needed. so i urge the administration to spare no effort to secure the release of american hostages. these hosta

a --ast administrators our last administration created a cap on what people could contribute. does that this incentivize people? -- to take be a huge away the incentives. they need to get to the table to put the plan a place. we have a coverage issue, so we don't want to put anything away for the small business owners but that plan out to help their workers. thank you. thank you to all of us for being here today. i am coming from a place where a budget markup has been facing critical -- and education, infrastructure, training programs, and health care. reminder thathe when we talk about tax reform, we need to have the revenues to pay for the basic government functions that serve as foundations for growing a strong middle class, but somehow we have moved away from the concept. layers of complexity that always seem to benefit the wealthiest few while everyone else wonders how they keep getting left behind. under the republican blueprint, the wealthiest taxpayers would see the average tax cut of over $1 million while the middle class tammy's would get around to $200. at a time wh

i haven't been able to predict anything that's happened in the ast 18 months, so why should i predict that. tarun: i do want to ask you before we move on, i was struck by the fact that respondents in seven nato allies, including germany, by a ratio of 2-1, indicated more confidence in president putin than president trump. what are we to make of that with respect to europe and other relations? constanze: i think of that less as vote of confidence in putin, if you look at other european opinion polls, which i do a lot, you'll see that distrust for america -- sorry, for russia, has increased significantly in the last three or four years, particularly with the annexation of crimea, and continued meddling not just in crew yain, fomenting conflict in ukraine by russia but also interfering in the european public space. that -- that's the context you have to keep in mind. and i see very few other european polls, except for those unpick trying to sort of people's authoritarian leanings which does exist that suggests that putin is in any way well received in europe by a majority. so i think tha

when we look at earnings, we have shell, faster than a cup -- razeneca,e shell, ast what does this meanor what the clients are looking at? are they trying to get to the bottom of some of these fundamentals? >> i would say the central bank activity dominates the rates market. it has done for the last couple years. it has been a volatility suppressor. it will continue to dominate for the next couple years, but in a different way. the start of the runaway yesterday has most of our clients excited. i think whatever we see draghi say in jackson hole, there seems to be a lot of expectation about something similar. francine: do your clients see that as distortions in the market? >> i think the distortions are there, but priced in. people understand their impact on the market. i would not say they are looking for more volatility, just a return to normality. francine: thank you both for joining us. andry busy day for elisa paul hamill. we will also bring you our interview with john cryan later this morning. up next, costly, but part of the game. new banking rules coming into play next january. s

maybe a slight change in the .ast few years we have been talking about appetite for risk this how dortfolio? youinding the places where thought traditionally would not be as risky but now we are flagging is higher risk, government bonds, because andction of qe normalization, thinking about being unconstrained in the fixed inome side and taking risks equities that look like they have good valuations. valuequity markets on the side of things is more our strategy now. tom: ladies, thank you so much. there is a lot to talk about. we have the history made in washington last night. senator mccain with a decisive vote to defeat trumpcare, no other way to put it. in europe, the pr and message building for european banks who andtrying to get their shot their houses in order. on this friday, stay with us. this is bloomberg surveillance. ♪ tom: this morning, this bin is over for republicans. trump care is very dead. the too big to fail banks in europe play catch-up with credit suisse. wealth management barclays spin a radically simplified tank reared in switzerland, an important moment after th

ast friday, the fed put out monetary policy report with a long essay about why rules do not work. unless fisher and yellen are gone next year and the whoident appoint someone would like that idea. guy: is he going to hold -- roll back regulation? has said the government should not be a player in the financial system, the government should be a referee. he opposes breaking up the big rings and is not like the resolution authority that the government has now. he thinks capital standards are too high, because banks have to pay capital standards, which raise interest rates for everyone. he thinks the volcker idea -- volcker rule is a that idea. he could have a major impact, though we would still have to get the rest of the fed to go along with much of it. tom: is he a chairman in waiting? michael: i doubt it. he is just being nominated for this. he would only take office in the fall once they get through the nomination process. and he is not known for monetary policy, he is known for banking. tom: this is important stuff to marketonfidence as action. are you please that we finally hav

but now back during the revolutionary period providing thatat instrumentation as well ast picking up a gun at some stand point but also with the naval situation with that naval participants. so that is the beginning as part of the understanding that history of that evolution of the military inn this country. >> host: are there to separate histories going on in the united states?. >> that is always true. almost from the beginningt from when you look at it from the origins of the country and going back to the africans that was brought here to understand that treatment and the distinctions rand a stand of the indentured servants -- servants and so the history of the black people in the state of new york so to be in detroit of a microcosm in with those two separate societies and a very dramatic moment in history that is sharpened by conflict so that every billion end of 1967 or 1968. and to move inevitable and that conflict with the tension and turmoil so with that treatment of the restrictive covenant for those african-american people so those two separate communities or societies to be

get through some of our challenging days as a people and, you know, some of our great aspirations aste well. so we feel like we're all preaching from the same book so to speak, and where it is the great preserve historic sites like mount vernon, like the freedom trail in boston or, of course, ournt neighbor here in e philadelphia, the silk district and independence hall, and also museums like the american revolution museum in yorktown and the museum of the american revolution in philadelphia, you know, we are t hoping to just hk more and more people on becoming lifelong a learners, loving history, engaging rising generations in real appreciation of the sacrifices and struggles and achievements and the ongoing need as americans to continue to be actively engaged as citizens. so we couldn't have warmer wishes for our companions in virginia. >> and we'll go to gary, dexter, michigan. you're next. >> caller: hi, scott. i wanted to ask you about the mannequins. i'm sure you were involved in the french and indian war exhibit that toured the country, and they had some excellent mannequins. co

which is to say the sectors that from ast scrutinized regulatory perspective in the last eight years,re becoming less scrutinized. one sector that was largely left to its own devices, technology, i think there are more regulatory questions surrounding that sector than before. amazon by whole foods, some of these other things, have started to raise questions about the power of that sector. that is one thing i'm looking to. i am overweight technology, too, but in some ways, the risks are greater because the valuations are greater in tech. take me through the arithmetic on the earnings, how do you get 8% on earnings when you have sub 2% gdp growth at the same time? jason: it is hard to believe but margins continue to surprise people to the upside. alix: labor costs creeping higher? david: how are you saving the cost? jason: it is happening largely because of globalization and technology. i'm not saying it's sustainable, but it's interesting, an interesting paper came out, a legend in the investment business. he took it as an article of faith that margins are mean reverting, and they have