because we're bogged down with the neo cons again, can control banks, guys are fine, it will survive until they say money. the bellatrix, close to the z., this is the central plank support via good news. i don't call them, i know. so stop to break the news to the backdrop of mobs, protest the all the media and president calls for the government to reside on the part of the tree elections. if one is a weak, a popular guy, if they all need outside by john peace deal, ending the conflict in the know what i and clave. meanwhile, displaced onto the new deal. armenians will spout of the areas now under the control of azerbaijan, tad town, and troops that homes. they say they don't want to leave them for what they see as the enemy. we had a good life. now we are tearing down the houses we built off, so i know one thing for sure. i wouldn't even want my, anybody to find himself in a situation like this. it is very hard, but we do not have any other choice.

that's a nonprofit educational travel organization and we tagged along the bank guy, john langton is showing a group of american travelers, one of munich's most popular attractions, the famous glockenspiel on the old town hall. but this is a very particular group of tourists, the diversity of people who come people who are on the whole well educated reflection of what happens in the states, the knowledgeable people, people. but also people who are inquiring the new people who want to see something new and perhaps hear a different perspective. you know, this group of knowledge hungry americans is on a weeklong tour of munich and a very organized by road scholar. and they're spending an entire day on the site in munich city center. this is the rhodes scholar was founded with the intention of providing educational adventures for older age groups based on the idea of lifelong learning. and it's a nonprofit organization. so the revenues from these trips can fund other social projects and new programs as well. on to the next stop is the lace parag rhodes scholars program, the travelers who

and we tagged along on the bank guy, john langton, in showing a group of american travelers, one of munich's most popular attractions, the famous glockenspiel on the old town hall. but this is a very particular group of tourists, the diversity of people who come people who are on the whole well educated reflection of what happens in the knowledge of people. but also people who are inquiring the new people who want to see something new and perhaps hear a different perspective. you know, this group of knowledge hungry americans is on a weeklong tour of munich and a very organized by road scholar. spending an entire day on the site in munich city center. this is rhodes scholar was founded with the intention of providing educational adventures for older age groups based on the idea of lifelong learning. and it's a nonprofit organization. so the revenues from these trips can fund other social projects and new programs as well. and the next stop is the latest parag rhodes scholars proud. all of the childless who appear to have a special interest in educational travel. they include not just tourist

and we tagged along on the bank guy, john langton, in showing a group of american travelers, one of unix most popular attractions, the famous glockenspiel on the old town hall at cats. but this is a very particular group of total diversity of people who come people who are on the whole well educated reflection of what happens in the states, the knowledgeable people. but also people who are inquiring the new people who want to see something new and perhaps hear different perspective. this group of knowledge hungry americans is on a weeklong tour of munich and a very organized by road scholar. so they're spending an entire day on the site in munich city center. this is also a rhodes scholar, was founded with the intention of providing educational adventures for older age groups based on the idea of lifelong learning. and it's a nonprofit organization. so the revenues from these trips can fund other social projects and new programs as well. on to the next stop is the latest for rocky road scholars program. childless appear to have a special interest in educational travel. the sort of the th

and we tagged along the bank guy, john langton, in showing a group of american travelers, one of munich's most popular attractions, the famous glockenspiel on the old town hall cats. but this is a very particular group of tourists, diversity of people who come people who are on the whole well educated reflection of what happens in the states, the creation system knowledgeable people. but also people who are inquiring the new people who want to see something new and perhaps hear a different perspective. you know, this group of knowledge hungry americans is on a weeklong tour of munich and a very organized by road scholar. so they're spending an entire day on the site in munich city center. this is a rhodes scholar, was founded with the intention of providing educational adventures for older age groups based on the idea of lifelong learning. and it's a nonprofit organization. so the revenues from these trips can fund other social projects and new programs as well. on to the next stop is the lace for rocky road scholars program. the childless who appear to have a special interest in educatio

banks guys are financial. they say money to develop. close to these it is a subtle bugs supported by a goodness others call them when those they stop to.

who dares thinks we dare to ask banks guys or financial survival guys? look stacey, just like all the stores. simply believe travel all the service. be sure it's still there. are you going to get it back to back to oh, heck, no. it's just a repatriation scheme. will look at the after 7 years bill of the 70 year plus kaiser report then what i mean that he will go back to life or yours will pull you out of the mouth of the sea. and what about and i didn't do, it will always be the good is it that's the only household on apache you to keep it or don't or don't let you be. come up with you through to keep on going about the how i live and i'm mad at that game and the money because i'm not bad loser and you know, but oh, november a bit of ice in the eyes of them. they're down to the point about it, and it is about russia. slam news, america's decision to pull out of the open skies. treaty accusing washington a previously having only faint commitment of the deal. western allies up also criticize the way it's called nerve agents, exposing the regime in new york

guy? i don't have the answer. deutsche bank's answer is tax me in order to pay for him. y there are caveats on that. this guy's proposal, doesn't mean any government will actually do it, he suggested if your company didn't offer you a desk, like you had no option, you couldn't go in, the company should pay the tax not the individual. they also said if you were mandated to stay home by government or something else, you shouldn't have to pay the tax. so there are a lot of caveats here in this proposal. also i will say it was on page 33 of an 82-page report with a lot of different ideas about how to rebuild post-pandemic. again i think it is one of those interesting thoughts out there that is unlikely to happen but i will say, right, when the government pays to you know, these various packages including the cares act, that essentially is the same thing. because it is taxpayer money going to these people in such dire straits right now. all the deutsche bank guy is doing putting a label on it and actually tagging that tax to this purpose but even if we don't do that, we're kin

that was, of course, the president of the european central bank. guy: that was christine lagarde, and conversation with bloomberg's francine lacqua at the bloomberg new economy forum. you can continue to follow those panels taking place throughout the day. > on youro to live

beyond the remit of monetary policy, but will certainly affect the environment in which central banks operate. guypresident christine lagarde speaking during her opening keynote at the european banking congress, which took place today. when it comes to the heavy lifting on provisioning for bad 2021, the situation in they cite evidence that repayment harlow days -- repayment holidays have started to end around europe, businesses have been repaying debt, and there has been no cliff edge when it comes to the payments. however, those with a cynical nature might argue that bank ceos would say that, given they are very keen to resume paying dividends to their investors. joining us from paris is dr. chairman ofcampa, the european banking authority, which is published a report on this very subject. thank you for your time. european banking ceos, and there were some speaking at the forum christine lagarde was at today, indicating that consumers that have enjoyed a repayment holiday that have come back to repayments have been paying back their loans. that there is no crisis, and as a result of which, provis

this is a bank of england conversation. guy johnson in conversation with andrew bailey and the first day of a second national lockdown in the u.k. the only difference this time around, schools and colleges remain open but everything else is a, shut, shut. tom: greece looks to a three week locked out as well. this is extraordinary from the financial times, it appears a six-month delay on this troubled transaction. the generations of financial and everybody was going to make billions and millions of dollars and then shanghai and hong kong and for that matter, beijing have said, wait. right now a stunning six-month delay. no question that would be our lead story if we were not distracted by pandemic and election. speaking of the election, it is important to remember there are two individuals involved stop let's listen to mr. biden and mr. trump. mr. biden: after a long night of counting, it is clear that we are winning enough states to reach 270 electoral votes needed to win the presidency. i am not here to declare that we reportt

. ♪ guy: european banks absolutely smashing it today. paribas amongst those out with results earlier. the french bank joining peers with a big trading beat. cfo about what the second lockdown across europe could mean for his business. >> if you look at the lockdowns being announced this week, and compare them to what we saw earlier in the year, they are quite different. it looks like the authorities have learned their lessons, so we should look at it like basically, the authorities themselves keep on going. construction can continue. moreover, if you look at many factoring can continue, and the services -- at manufacturing can continue, and the services industry has learned and is equipped to continue working from home and the like. so the impact will be different. of course, there will be an impact, but it will be different in nature than what we saw previously. on top of that, all of the authorities have stepped up the efforts they have done to support the economy. they are rolling out new things in europe. look at france. they have st

so no, the central bank support is very much a supporting role. guy: was that what we saw today in some ways from the riksbank? it understands that it can't do what fiscal can do, but nevertheless, it appreciates that there is still a great deal of uncertainty, and there is a need to get in front of it. we don't know what is going to happen. there was a fear maybe in the markets that the riksbank was signaling it something that the rest of us didn't, but is it just as simple as maybe the riksbank wanting to get in front of the story? janet: i think that is partly it. we've heard it not just from the riksbank, but from the ecb, from philip lane, some sides that the was in financial conditions. as much as we can look across the valley and hope that at some point the vaccine comes through and we get a more meaningful recovery, we know that the scarring on the recovery will be thismined by how deep recession is and how long it lasts. the last thing they can cope with at the moment is an unwarranted tightening of financial conditions. so yes, to your point

remember, all of the biggest mortgage companies in america are not necessarily banks anymore. guy going to wrap it up there. thank you very much, indeed. wall street a little worried. sonali pesek, thank you very much, indeed asked sonali basak, thank you very much, indeed -- sonali basak, thank you very much, indeed. judith hartmann is going to be joining us. nowassociated press is reporting that two were killed following an explosion at a veterans affairs hospital. we are going to continue to monitor that situation and bring you the key developments. this is bloomberg. guy: live from london, i'm guy johnson. alix steel is a new york. this is "bloomberg markets." the ongoing ballot count in the united states and a covid vaccine on the horizon sent markets into a frenzy this week. scarlet fu is here to break it down. scarlet: we had a mixed week in the cash market, although the are muted compared to the cash market. it all comes back to the between themes that have dominated this week, a divided government led by joe biden and progress on pfizer's vaccine. . a vaccine signals a pa

mike: the bank of england last week -- guy: the bank of england last week announced additional qe. is expected to do the same come december on an even greater scale. do you think there will be recalculations taking place at those central banks saying, maybe we did get a vaccine early on next year? yes, the economy will take a while to get going again, but nevertheless, do we need to stoke additional asset price inflation at this point? do we need to deliver more qe, or wait and see what happens? ake: central banks may take more measured approach. it is interesting to think about the situation in the u.k. in particular, where central banks and the government seem to be working hand in glove. i suspect the letdowns to continue, so if the government were to relax the letdowns early, perhaps the bank of england would take a more moderate approach. , i expectthe fed goes they are looking at these results very closely and trying to assess just how quickly it will impact the real economy. alix: based on that, how much risk do you want to be taking on right now? do you want to take on risk

guy johnson. we are counting you down to the european close on "bloomberg markets." will central banks continue to ride to the rescue? bailey all one, stage at the same time in 45 minutes. we will bring you that event live. germany seeing the first signs of improvement in the virus curve. the data from king's college standing in contrast to the real-time, which shows infections continuing to rise rapidly. cracks appearing in boris circlen's inner with the departure of a key advisor. let's check the markets and show you what is going on. you can see the cable rate actually softening up a bit, but from reasonably elevated levels relative to the recent range. european stocks now starting to turn after a very strong start to the week. we are now focusing back on the virus rather than the vaccine. the german ten-year, some very weak inflation data out of germany today, sending yields lower. the price is coming up higher as well. you are also likely to have a scarcity factor coming into play as well. yesterday indicating that the ecb is going to be on the bed, buying bonds. he's got to think

bank robbery at 7200 peach street. this one sounded different though. >> security cameras showed just how different. the robber was brian wells, the delivery guyrom mama mia's. >> he handed the teller a note saying this is a bank robbery, i have a bomb, and i need $250,000 in cash. he had something underneath his shirt. but you really couldn't see exactly what it was. >> whatever the device was, it was attached around his neck with something that looked like a giant handcuff. he was holding a bag in one hand, a cane in the other. at least it looked like a cane. >> he was calm. that was a bizarre thing for us. sort of swinging the cane and walking with the money very casually. >> grabs a lollipop which they have on the counter. to feel comfortable enough to reach into the basket and pull out a lollipop actually surprised me. >> wells strolled out with a bag of money, but he might not have been so calm if he knew just how fast law enforcement was responding. >> a guy just walked out with a, i don't know how much cash in a bag. he had a bomb or something. he's sitting in the mcdonald's parking lot. i'm watching him now. >> state troopers were clo

guy: bank of england governor andrew bailey speaking to me a little earlier. we got rishi sunak, the chancellor, splashing the cash. you do have to wonder whether one is related to the other. the low rates allowing the government to borrow more. alix: if there is one mmt experiment, many say it is the u.k.. let's break it all down with kit juckes. he joins us from socgen. ,hat were your thoughts particularly in terms of the growth forecast the boe perceives in 2021, 2022? kit: i think it is inevitable that the growth forecast gets worse and the recovery gets pushed further out. the virus can't have no impact. there are huge uncertainties about what goes forward. already, the u.k. probably has the most downward revisions to growth forecasts through the course of this year for the average of 2020, 2021 of all of the major economies, and that is not going to change with this latest lockdown, nor would it change if we were to get a no deal exit from the european union. that would be another source of downside. it is pretty miserable. the bank of england is not ver

bank of england. francine, i want to go to davide of the negative yield conversation, our guy johnson speaking to the vernor of the bank of england here in a bit. francine, do you note the leaking of the decision? is that accurate from bloomberg? i believe it is. francine: no, tom, actually, the bank of england was meant to come out with it at 12:00, and then yesterday, they did not want to front run anything that richey sumac was going to say, so they timeline the decision. there is a decision at 7:00, he spoke to the press, then the press are actually allowed to do headlines right now. governor bailey, davide, saying they are working a negative interest rates, and we had a conversation in the past about when is the right time to even do negative rates in the u.k.? is it end cycle, is it when we start to see a pickup? given lockdown is here, what does it mean if we go to negative rates for u.k. banks? davide: well, i think, first of all, negative rates in the u.k. means actually, with brexit, what u.k. has achieved, it is a fully one-to-one over europe, because basically they are forced to go into ec

could happen if something goes terribly wrong than a worry about the condition of the banking system right now. guye fed concerned about? sonali: it is funny, mike was just mentioning they are not so concerned about the banking system, but one thing that was interesting in the financial stability report that we have heard on your -- we have heard other regulators concerned about his the nonbanking system and hedge fund leverage. we saw the bank of international sediments be very concerned prior to a lot of these fed moves in early march. we are seeing hedge fund leverage really start to rise again. whether that means there could be some greater issues ahead in funding markets and repo markets will constantly be a concern for banks, hedge funds, and their regulators. alix: this reminds me of what lyle brainard had said in the past, that when nonbanks need structural fixes in the longer-term, i wonder what happens if we do get a lyle brainard as head of the treasury under a president-elect biden. it: it will be -- michael: will be interesting to see what kind of additional regulation a president bide

what is that about morgan stanley, that guy developed a bank that, that guy, can he call me gorman, that guy, that guy -- >> with that other guy. >> gorman is so -- >> you know the guy. >> he's, like, sir james, his bank is at nine times earnings oh, yeah, that's where i want to take that thing off that's a dangerous stock no case by case >> it is but i mean you can't fault investors for thinking a one-day -- a rally like the banks had yesterday should potentially be sold given the performance of the sector overall. ten year going to 1%, whoo -- >> bank of america can be sold citi i don't know what to do how about a quandary >> wells, you're not a buyer. >> wells >> stagecoach. wells has a fundamental problem. it is not good that's -- carl -- >> sometimes, carl, just that simple, it is not good. >> it is not good. carl, i think we have to get into very serious mumbo jumbo of wall street. wells is not good. >> not good. jim, there is still this narrative that the economic news is going to get worse before it gets better. you had scott gottlieb on with schweppe last night saying covid case

. >> guy >> deutsche bank should stay in their lane number one. don't at me, please. dan nathan chimed in and voted for pete's power pitch >> even dan likes it >> although i might rue the day, srpt was powerful. >> we will see you back here tomorrow at 5:00 >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica just trying to make you some money. my job is not just to educate you, but to entertain you.

market share left and right covid is certainly created a ton of uncertainty that's what these guys do, banksor the bucks. put it all together. the landscape is clearly changing it is not just about the pandemic you passion the tv out now they're partners why? you got disney plus and peacock and hbo max and that's huge for roku and traders these companies now represent viable turners but, they also want to run target and data driven campaign, streaming makes it possible. most importantly though is becoming crystal clear that court cutting is here to stay. court cutting was here before the virus and after the virus and yes, it has been shotgun faster it is still going on bottom line, now we can see the light at the end of the tunnel and i believe that some of the changes were more permit than people realized. the pandemic did not change the way we watch tv. it pushed multiple years of change in a patter of months on the way down, i still like roku and the trade desk. you buy them once and you will tweet me and crush me. stick with us. t-mobile's been building it's 5g network for a moment like

but the vast majority came after $967.00 when israel occupied the west bank and the guy was surveying, does, and jerusalem. yeah. are they happy being here? do they want to go back? what's, what's the feeling you get from? i mean, listen, everybody wanted to go back to their homeland. i think most of them still want to go back to their homeland, most of those who actually left their homeland. but about people like you were born and raised palestinian americans like being in their parents' villages. they like visiting them a lot in jerusalem. that sort of thing. does that mean that they would leave everything that they know in the united states and go to palestine? arab americans palestinian americas, i doubt it. but you know, there is this really visceral connection to the, to the homeland. in 2003, i started living and working in the occupied west bank and began running articles for websites like the electronic intifada. i later became friends with its director on the up and you know, who advocates for a one state solution to end the conflict i started looking into when they're going

so it's not a guy at the bank who decides one day, oh, you know what? i'm just going to stop the gold standard today, and i'm not going to talk to anybody say. yeah, absolutely. i think if you remember the big one standard, the central idea in the book was to examine bitcoins, saleability across time. and that's where the measure of the stock to flow comes in . and my idea was based on the way that gold bugs talk about gold. you know, they explain gold's monetary properties through the stock to flow, meaning that because the stockpile of gold that exists is very high compared to annual production. that means that annual production is never really going to inflate the supply significantly every year in gold. and that means that gold will hold onto its value into the long run better than everything else. and that's why it tends to accumulate more value. and that's why, by the end of the 1000 century, gold was really the only money have used all over the world. in the field of standards, i instead focus on the concept of saleability across space. i think i

report thanks for having me all right that's going to do it for this edition of the guys report with me max keiser big banks to alex edelman of the la lee dot com it's all next time. all the while the way i love you and down with the white house little how come. so far how i don't think if the thought of the clothes. and then. top that come on it'll develop. enough momentum for one of. the star of a. 6 sputnik 5 as is a new manager of the world. just like its namesake the original sport make. the 1st draft of a to leave out south korea and orbit the world and while many questions remain unanswered about russia's new vaccine the authorities are confident enough to go forward with mass production. total force of. what the assembly states please we may see you may see a bump in the pillow. received. interest early in the requests. william those of us all fresh overseas. all right this is happening. or go on the reaction has been exactly the same as it was waved by. journalists from the us. the world reaction is made of green cheese. but. it's. going. to stop the ballot count and allegations of fraud send on to

. >> a guy is driving to the bank right now and he has a bomb strapped to his chest. >> robbery. >> hecash. >> families taken hostage, told to commit a crime or else. >> they're going to keep some in the wife while he goes and robs the bank. >> striking again. >> she looks up and here's a guy with an

report thanks for having me all right that's going to do it for this edition of the guys report with me max keiser big banks to alex edelman of the la lee dot com until next time. as expected ballots are still being counted but what we do know about this election that it's close in the country is. what are some of the lessons to be learned was it enough to bring this election as a referendum on. some control for a middle. of the night muslim are very hard working people who want to get ahead that have either have some some health issues or have some of it out of strict about luck a full time job won't always pay for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is history like garbage people look at you like a monster or someone bad or you chose to be there most of the time it's not the case see how it is to be put on in the world's richest country. sputnik 5 has the w

report thanks for having me all right that's going to do it for this edition of the guys report with me max keiser big banks to alex edelman of the la lee dot com until next time. if you can save someone from you by the small and direct means saved on the painting that you can then save your thousands of other lives well my response is that the way we should think about that is just is that just as there's a child in a store experiment full of you in this burning building you can say well also just thousands of children around the world and take millions of children around the world you could potentially state it with it's light within the situation being i'm facing a burning building just all the time. going down to the wire the us election not still want to live but it's all eyes are fixed on for the battleground state. donald trump vols legal challenges in all states biden has recently claimed that pointing to the president does plenty of proof of protest for once. not how the 2020 us presidential election is shaping up so far north suit schools to stop by all accounts and allegations of fraud to control

david: i bank with you guys as well. ous and a lot of people are wondering, what is the difference? there's a virtual bank and a bank like yours that has a significant and extensive offering of services on the app and online. what is the core difference? >> it's a good question and there's a lot of ways to think about it. on one level, virtual bank is that which the regulator has defined. in hong kong, the hkma said we will have a different banking license which is tootle only. you can't -- digital only. you can't have branches. we will open it up to different people. they set other things like we will hold virtual banks to the same standards as we hold conventional banks. as far as i can tell, they have done that in every regard. is a distrust of regulatory allowance. even without a regulatory steer, many people have said digital banks of their own accord. is intended to target a population that's happy with a digital only experience. usually a mobile phone only experience. in many cases, not even accessible on a desktop

he's the guy who broke the bank of england made a $1000000000.00 by going short the bank of england. he's now anti u.s. dollar is getting into gaul. he's also getting into bitcoin talks about decline outperforming vault just like paul tudor jones has made the same comment. do you think he's right that the dollar is toast going forward in this new 21st century political reality? we're living in alex. i think one thing that didn't soros break the bank of england, he were having a 4 star us mellor was sorrels right hand man. he was his genius that was working for soros was standing on canal or he's responsible for big breaking the bank of england. so yes, to be clear. thank you for pointing that out. ok, so now you go on, you know, anti dollar and you know, if enough people go anti dollar, you can break the dollar. the dollar is it's not backed by anything. it's just except for violence except by force and, but if nobody around the world accepting it anymore, it's going to crash. and if all the hedge funds are going short, it's going to crash a lot sooner. do you see this as a possibili

palestinian self-determination and 16 she knew to gobble look historical palestinian land in guys in the west bank . and now these incursions into syria into the golan heights, i mean israel sanctions is a massive u.s. war base in the middle east, seemingly doing whatever they want without any consequences. it's an unprecedented move for any, you know, high ranking american official on the level of secretary and certainly secretary of state which is the highest in america to come and visit, you know, a community, a settlement in the golan heights. so you know, it is, it is amazing. it is an amazing achievement for, for israel, the campaign for 2024 is already starting because what they're doing here 1st of all trump shows that he's not giving up the fight. he may have to concede election or realize that on january 20th, he's going to leave the presidency, but he's not giving up the fight and he keeps working for israel in the middle east, even in this lame duck period where he's not where he's on his way out and what he does is he sets the stage so once president biden comes in in january, he eith

guy: is this a tacit acceptance we are now in the realm of monetary financing? the bank channel is not working. there is no demand from the private sector. in the public sector, this is the green light for italy and everybody else that wants to borrow as much money as they can at this point in time. the ecb will back it up. it is a similar story in london with the bank and the treasury. is the ecb firmly on that road? paul: you would have to define monetary financing and obviously the central banks would tell you they disagree with that assertion. what they are saying is the ultimate goal is price stability. at the moment you need to stabilize the economy. the way you do that is pumping money into the system. you no excess liquidity has surged. it is not that the banks are not lending it. bank lending in the eurozone is up strongly because banks have taken on loans to get them through their cash flow crunch through the pandemic. there is a lot of money floating around. what that does is push down borrowing costs, that allows governments to borrow heavily, as you are awar

i want to ensure that the facility is acceptable and make sure that there's plenty in the bank so that you guys family and your bills so that you don't ever have to feel like 2009 and '10 again. mary: i think i'm gonna cry. [ chuckles ] lemonis: does that help, mary? mary: yeah, absolutely. when banks turn you down and when people turn their heads on you, to know that somebody with your knowledge and experience believes in us and my son -- you're taking him under your wing. i'm ecstatic. -lemonis: we have a deal? -steve: we have a deal. mary: i'm supposed to do a round of applause now? -lemonis: thank you. -steven: thank you. steve: i'm looking forward to you helping us. mary: i feel like i'm in a dream. i don't even know that any of this is real. esteban: we have what he needs. lemonis: you all right? you got pit stains 'cause you're so nervous? steven: yeah. a little warm in here. lemonis: it's not that warm in here. i think you were just...your pants. steven: yeah. [ laughter ] lemonis: ibuenos días! -all: ibuenos días! -lemonis: see? you thought i was gonna break out "good morning," didn't

talked about coordination, really like no one else in terms of major central banks have done, almost with a hint of a threat -- you guys need to show up, politicians need to show up if central banks do their job. coming up, we have plenty more from the bloomberg new economy forum. imfill be talking with the chief economist, the guggenheim chief investment officer. you can watch it live on bloomberg.com, and all of our social channels. this is bloomberg. ♪ >> in my opinion, don't own bonds and don't own cash because they are producing a lot of debt and producing a lot of money to fund it, so that is changing the nature of capital flows. it's also changing how those flows go to china in terms of the comparison to that market, u i think it's behaving sensibly, but don't use old multiples as reflections of the limitations of what is expensive. tom: that banner will be interesting. mr. dalio -- don't own bonds, don't own cash. then what do you own? that is the conundrum right now, all of us living at the zero bound. we are going to talk about green in the next half-hour with rupert harrison of blackrock. right now, rupert,

. >> a guy is driving to the bank right now and he has a bomb strapped to his chest. >> robbery. >> he said to me we want $4.2 million in cash. >> families taken hostage, told to commit a crime or else. >> they're going to keep some in the wife while he goes and robs the bank. >> striking again. >> she looks up and here's a guy with an assault rifle. >> and again. >> for every minute that he was late, his wife was going to lose a finger. >> a high-stakes stalemate. a high speed car chase. >> he just hit a third vehicle. >> how did the gunman know everything about their victims? their secret weapon could turn everyone into a potential target. >> they would find people on social media. be careful what you put out for the world to see. it's a mouse click away. >>> it's a beautiful september day in the western mountains of north carolina. a beautiful stretch of interstate. north carolina state highway patrol is running radar, and you see a ford edge blow right by. it started off as a routine traffic stop, but it was anything but routine. all of a sudden you see the suv pull over. you see t

some of these will, the beast of finance will get wrecked, like the guy who runs a soft bank, one of the biggest, most successful funds in the world. remember they lost,, a lot on air b.n. not air b. and b., but we work and they made a lot up on the other side. but they got out of bitcoin and the guy said, because he couldn't stand looking at big claim prices anymore, hit his position. he sold us down. he lost basically $130000000.00 by selling too early. but he said he couldn't get over looking at the price. i'm familiar with the type so this is a guy who's allergic to success rate. so he couldn't take the easy trade and bought bitcoin and made billions of dollars. but instead, as we know from the fine journalism from the financial press of the wall street journal in the financial times and other outlets, he has been bullying him. and his purchase of nasdaq listed stocks in an attempt to artificially boost their price beyond what you would normally expect. and they supply and demand environment and using options as well to enhance those bullied returns. this is, this is like poetry.