implemented on most of them when we worked on basel iii in 2010. now we are at a position where we only need to finalize one important issue. and this one important issue is really thinking about the viability of risk-weighted assets, which is an important issue. that's open. and in santiago and in other meetings, the members of the basel committee have agreed on almost all issues, one major issue is outstanding, the calibration of the output form. that is an important central issue to the bazell accord. and for that we need to have all members in place, including the united states. now, the new administration in the united states has not yet nominated the person who will replace dan turillo and will be the vice president of the fed. we're patiently waiting for that person to arrive. that's not at all unusual that the new administration needs time to put the right people in place. and to think about their positions. so the positions are probably still under consideration. but i truly hope that we will finalize basel iii during the german g20 presid

secondly, the outcome of the brexit negotiations, thirdly, -- basel three.he system is at a fork in the road. on one path, trust and cooperation diminished. the trade and innovation are curtailed. authorities don't have sufficient confidence in efforts to promote financial stability reciprocated elsewhere and concerns about the risks to openness could intensify. if that happens, domestic authorities could impose local requirements on domestic entities of foreign terms. in a world where many banks and financial market infrastructures are highly and to connect it, though it frustrate the benefits that flow from open trade and investment. in other words, taken the low road would be suboptimal for job growth and management. fortunately, there is another path, which is the high road. it builds on the foundation of the new response to the global financial system, foundations that are being put in place after a decade of hard work. the combination of robust international standards and greater trust is a consequence of transparency, implementation intensive supervis

basel push off to the east as well, bringing some light showers. our chance for heavier rain in a better chance for thunder and lightning will come overnight. you'll notice i 9:45 p.m., we start to bring in that line. the chance comes in again overgh we could see a few showers for the beginning of our egg roll at the white house. here is a look at temperatures -- we go from the 80's to the mid-60's tomorrow morning. it is going to be a mild start. we will take a closer look at your money and a pretty big drop in temperatures coming up in 10 minutes, q. q: thank you, josh. we have a crime alert out of alexandria. police are looking for a gunman who took aim at an apartment building, 3700 block of kenmore avenue. that is not far from another shooting that happened on wednesday night. no one was injured in either case. also in prince george's county, police are to identify a woman murdered along springdale avenue. as ryan hughes boards, she was found after knocking on someone or, looking for help. >> who would kill someone on easter sunday? we have to

basel harris. e.r. doctor by day, trekkie by night. >> we've watched nearly every episode p episode. >> space, the final frontier. >> reporter: to boldly go where no man has gone before. they entered the tricorder contest using their own money to replicate the mobile tricorder. >> how can i do that? that seems perfect. >> reporter: they came up with this. >> this is to measure your lung function. >> reporter: it's called dex terrify. it diagnoses and interprets 13 health conditions like pneumonia or diabetes, while monitoring five health vitals. >> let's try to make it into the top ten group. that would be incredible! >> reporter: especially with more than 300 different contestants from 12 countries, many with government or corporate backing. but in the end -- >> give you this check for $2.5 million. >> reporter: harris' group won! and in turn, so might billions of patients who live in medically underserved communities around the world. >> this is the beginning. this was a five-year journey, just like t

there have been no new basel's may. -- new proposals made. david: this has to go through more levels of the commerce department and to the international trade department. there is a flash with the announcement. how confident are you that is going to be formalized? mr. ross: i think the work that was done on this culinary finding was quite persuasive -- was quitey finding persuasive. it will have to wend its way through the normal process. they would not have come to the conclusion that $1 billion of countervailing duties was warranted unless they felt it was a strong case. david: those countervailing duties were less than some analysts expected. can you shed light on how you came up with the numbers? mr. ross: i cannot imagine they are less than people thought they would be. the range i heard people speculate outside was 10% to 20%. i don't know where you got the idea that it could be a lot more than 20%. david: from analyst commentary. we saw a nomination advance through committee a few minutes ago. this is something he talked about a lot du

the basel committee any insight? , what are your views on that? sec. mnuchin: janet yellen sits on that committee. that is not me, although we do talk regularly about a bunch of different issues. this is one of the things we do have conversations on. and my sense is that the committee is close on these issues. so, you know, again, i think it is moving in the right direction. mark: the capital requirements, you think they are on par with where they should be in the u.s. or not? sec. mnuchin: i don't believe there is a one size fits all, but on the other hand you have to have a level playing field across international markets with large banks. so it is something the committee is working closely on. ok, keeping in the g20, one of the issues that was brought up, which is something you are very focused on in the u.s. -- the end of the day, we will have director mulvaney talking about regulatory reform and other issues. maybe there could be a cost-benefit analysis in the g -- to regulations and the g 20, that japan and europe were behind this. how do you fee

g vonnie: i saw matt basel are walking in and i got deflated, but actually i was excited to see his chart interviewed the wto secretary, he talked about synchrony. but here we go. three lines. the purple line is the emerging economies around the time in the united states and we are looking at economies moving much better than developed economies. they were advancing at pace with while emerging economies were much better than that. now we are getting what he called synchrony, at least in terms of forecast where emerging economies are not doing as well as global growth overall. backopment companies take -- what you call it when you are racing -- the baton? anyway, the point is it looks like some synchrony but at the same time subdued global growth. bloomberg.on the -- always drops the baton in the relay. i love the chart and i love what he was telling about the fed. it's mistakes the back in history but do you know what? played to my eagle -- ego. it toust going to give her because of my wto interview and also the fantastic interview with christine lagarde. do come back. that is a very impo

you have to see these women wounded to death, this population of basel -- most old surging from the ruinsyou have to see this women -- the snipers from the roofs. you have to see this ruined city, the kurds and the iraqis, they fight, and they liberate a ruined city. it is so heartbreaking. it is like berlin in 1944-1945. it repeats today. charlie: what do they fight for? bernard-henri: for themselves, for their families, for their country, but they are the kurds and the iraqi army, our boots on the ground. and they have -- all the kurds with whom i spent night and day told me that we fight for civilization. we fight for the values of freedom. the famous question in 1943 why do we come back, why do we fight? the kurds asked the same question and say, we fight for freedom. we fight for america. we fight for france. we fight against jihadism. this is a great thing to see. muslim, because they are devoted muslims. they are true muslims. fighting against radical islam. this is a great experience and and it is a great proof that the battle is not between the west and the rest. charlie: it's wi

economist for bloomberg matt boesler.nd matt basel ar matt: looking for unwind q4 or early next year,t minutes by that guidance as pushed into 2017, the fed is sticking to three rate hikes. hawkish, maybe too much push from the fed. you see the reaction in equities and treasury yields. scarlet: you brought us a chart as always, the fed breakdown. #7518, talk us through which assets the fed would likely target first. carl: there is lots of uncertainty over what the balance sheet unwind would look like and whether they would mbs and securities differently. policymakers want to move on both. they it looks to me like are looking at what i call and modulated unwind at the balance sheet, so they don't want to pull the record and say whatever matures or gets redeemed rolls off the balance sheet, because that makes for a choppy unwind of the balance sheet, meaning a choppy tightening of monetary policy. they want this to be smooth, passive, well telegraphed, and operating in the mack background. joe: you made a chart you called the deadly trade. we have the chart right up here. what does it t

our twoortant is basel f deutsche bank and growing the revenue and concerns about their capital cushionson everyone's the industry. the key question is will it be applicable, not only to european banks that also to global banks. and clearly, it would affect the capital position. everyone could be prepared for the situation as soon as it is coming which is not yet foreseeable. ksw news a the little while back. will it be leaving london? >> it cannot be avoided. the ecb has said it wants it under its supervision. there is also academic influence. for the upcoming financial crisis, europe would be a focal point and the ecb made its opinion very clear. the u.k. government has been successful at the european court of justice to make sure that euro clearing could be in london. but with the european court of justice no longer being factored rule wouldt, the very much be in due course showing which way the decision will go. we will likely not see an immediate move but i think it would be naive to think that it will be good in london. the thing about currency clearing is that it is efficient if i

now it european banks may have to plug a capital shortfall of $128 billion if new regulations by the baselttee on banking supervision come into force. that is according to mckinsey and company, which says the committee is -- has stricter standards. a new round of regulations, and it is blocking and end-of-the-year deadline. now gobbled up over $1 billion of the wind and solar assets here since filing the largest tank up see of 2016, sun edison has sold breaking deals to everywhere from southern california, to chile, to india. it enabled creditors to enter into new markets. fast retailing recorded a surgeon second-quarter profit as the largest chain continued its overseas expansion. the operator's chairman spoke today about keeping up momentum. >> we are now number three in terms of sales among the global retail industry. we already have a strong footing in the, with billions population in the region becoming middle-class, our potential is enormous. we are confident our growth movement to remain strong globally in the coming years. fast retailing operated most recent quarter. that is your b

also, matt basel are here at bloomberg. will be tomorrow, but investors will be watching ahead.e highlights going to be? mind is any discussion they had about what they might do with their balance sheet. the balance sheet itself, which has a lot of questions surrounding it, but also what it means for their interest rates. we learned from the new york fed president in a bloomberg interview friday that when they begin to normalize the balance sheet, whether that is later this year or next, they will perhaps paul is with rate hikes at the beginning in order to facilitate that in see what types of effects the balance sheet run-up is having on the economy. dominatedpt has trading friday, monday, tuesday in new york. it is top of mind for investors at the moment. yvonne: what has been top of mind with the news of jeffrey lacker? fed president stepping down earlier than was expected this year over this role in a leaked case in 2012. matt: richmond fed president jeffrey lacker said he was not involved in this leak situation the fed has been investigating for years. it happened in 2012,

regulators topped up various stages of the basel rules and if they could use the standards of other international banks it would free up a material amount of capital. on the point of capital he said, quote, we currently have excess capital while we prefer buying our stock at tangible book value we think it makes sense to do so at around two times tangible book value as well. this suggests they could be set for significant stepup in buybacks or dividends given the valuation somewhere between those two levels at the moment. guys? >> thank you very much, wilfred. jamie dimon optimistic about the future. should you be, too? dia dia diane, mr. dimon says we can grow a lot faster. do you agree? >> i think so, too. the odds of a recession have been pushed out several years. the yield curve is telling us that and the banks are overcapitalized. >> you think it's telling you a recession has been pushed out because everybody is wringing their hands suggesting we're not going to get nearly as much growth as the stock market things? >> the first two years are baked in the cake. it's turned in terms of earning

banks will comply with basel. >> we have a dt are to banking system -- a multitiered ranking system. rate as well as the bad debt. last year, eurozone banks made 5% r.o.e.. the banking supervisor mentioned concern 12 times in her press conference, which was more than twice last year. both the supervision profit and the bad stuff. in an ideal world, you would find a vehicle to drum up some of the bad debt because there simply dragging down the ability of the banks to support the economy. francine: i have two charts for you. is there any appetite to be buying this kind of stuck or is it too risky? >> where we see biggest interest , probably more in the corporate -- core countries, italy, spain, and i think greece does some investors some high risk reward trade. up the systemg will be quite slow. we also know that things can take the losses they can afford can afford to take. that is also an impediment to the greek system at the moment. francine: regulation in europe, will it change to make it a little more fair for european banks or do you not see flexibility? >> i hope so. i think the

>> it's a combination of dodd-frank and basel. those two are tied together. you counting on the idea that capital ratio will be capital would be the last thing to chang. the whol plet call class, ak dm being can be. >> so where does the relief come from? >> from the operating side, things like stress tests and all of the costs piled on to banks. >> stress test a fung of dodd. >> what i'm saying is it may not have to be a legislative policy that shifts so much as the individual who are just -- >> that's right. the biggest benefit just the fact that we have new people in washington. the tenors of the conversation has changed. but there are lots of things th that, that he why we don't have any single familiar off. >> cni -- >> commercial and industrial. >> but you have a situation whe where. >> they've beaten -- >> on trading and cost cutting. >> how do you argue they've reduced the ability to lend when they're, hay, ge. >> being the thing that's hit their backs they're not making risky loans. the credit box is very tight. if you're entrepreneur or a small busin

have been smoking crack cocaine seconds before setting busy atlanta overpass on fire. 39-year-old basels. the judge set bond at $200,000. met up with two others under the bridge and discussed using cocaine. another homeless person said he watched place the chair on top of a shopping cart, ignited and waull away. a claim eleby denies, maybe interstate running through downtown atlanta. we report this on friday and basically the whole town was shut down. huge story. pete: remember when president trump predicted that obamacare will explode, well apparently he didn't get it wrong. you have friends like this? >> i don't know about y'all but i can't even move. clayton: turns out that laziness may be contagious, we will explain here you go little guy. a cockroach can survive submerged underwater for 30 minutes. wow. yeah, wow. not getting in today. not on my watch. pests never stop trying to get in. we never stop working to keep them out. terminix. defenders of home. ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my do