as bevan called it. and they wanted out. there was no point in staying, despite the losses that the british army suffered to terror.also, the british had the largest military base in the world at suez. being in palestine was superfluous. in 1949 with the booming british economy, with jet aviation setting all kinds of records for the british, with the fear of stalinism having abated in the face of the marshall plan with the prospect of a north alliance, and north atlantic alliance treaty coming to the floor. all looked well to the british and the americans. except in early 1949 the u.s. slid into recession. it would be a relatively mild recession but the scary thing about recessions is that you don't know how severe they are going to be and what happened even more so was britain then followed suit and what all described at the time as the likelihood of the greatest economic calamity the world had seen was about to descend. that fall in 1949. in an unprecedented move, secretary of the treasury, william sny

with us is james bevan, chief investment officer at ccla investment management.nd maybe get onto more exciting stuff. it is exciting if you live in britain explanation it has been going on for a while! we will talk about the currencies and what bond markets tell us about their perception. currency markets say we don't want to be in the pounds, we have sold the pounds, sold the pound down, some people believe there is a reasonable chance we will see parity in the period ahead if we get a no—deal brexit, which would be truly scary. good news that exporters even if importers and the public would have problems. people say there will be big swings the markets until we know the deal that will be agreed upon, we have three big, strong political groups pulling in all directions, meaning lots more volatility?” com pletely meaning lots more volatility?” completely accept that equity volatility has been elevated and will remain so, i don't believe the uk will be a special case on the downside, so much of the bad news is baked in the cake. i would suggest there are three gro

up the migrant caravan that has been near the southern port appeared for more, let's bring in tom bevan. good to see you, tom. >> good to be with you. >> ed: we usually talk about politics, and we will get into that. it is hard to get past the tragedy of this. we were talking with peter doocy about this, but there are real lives being impacted here. there is a police officer who left behind a wife and a 5-year-old son. so haunting there around christmas. the last time his widow saw him. talk a little bit about how that happening in the middle of this political debate, how this mail play out. >> well, obviously it is a tragedy. our hearts go out to the family. as mick mulvaney pointed out, the twist of the story is that it highlights the legal immigration, why that is such a great thing. this officer is from fiji, he emigrated legally. he was pursuing his dream of being a cop, and then to be gunned down, that adds a twist to this tragedy. meanwhile we've got the government shutdown. and the incentives, i think that will affect the shutdown on the margins. it doesn't change the fundamenta

bevan in london. he advises the church of england. get out of cash and load the boat on equities into 2019? with this mix i've been talking about, can we be in the stock market? >> i think they are taking a long-term view. dividends are in excess of cash by a country mile, and in excess of bond yield. i think there is adequate compensation to risk so long as one sticks to decent quality companies. names the sort of investors should be considering adding to their portfolio. bear market technology shares, are they enough of a shared value? guest: i worry about all talk of a bear market when we are worrying about a recession. i think we are now in a late cycle part of the market. to me it is about quality and growth, sustainable, real growth , and real margins. i see no sign of an imminent recession. i think we should get used to the idea of low, long-term appreciation of growth, and probably less inflation. tom: thank you so much for wisdom today. really appreciate it. onto the greg viscusi interview, what do we expect to see from mr. m

karen timothy, opinion writer for "the washington post" and tom bevan, real clear politics cofoundernt. you know the importance of presidents visiting troops in the field. especially after all that has happened after the syria announcement. what about this day? >> it's a great day. all credit to the president for making the trip. all credit to him for taking the first lady, which is a historic first and i'm sure our troops really appreciated having her along as well and getting a chance to meet her. and this is the president's first trip to a combat zone since he took office and it's really important to do that because you get a chance, president bush always said i need the advice and are just kind of confirmed to my commanders on the ground. now he had a chance to sit down today with the commanders on the ground and what i'm sure and i hope you listen to them because i'm sure those commanders on the ground told him that isis is not defeated. it's true the president is right when he's said we have knocked the hell out of them. and he had to knock the hell out of them because of the p

told party members that he would govern in what he called the radical socialist tradition of aneurin bevanan on television advertising during live sports broadcasts. the group, which includes bet365, ladbrokes and paddy power, had been under pressure to act, because of fears the adverts were contributing to problem gambling. the ban won't cover horse racing — because of its reliance on betting. 0ur sports correspondent richard conway reports. think fast, act faster, in play! the worlds of betting and sport have long been intertwined, but that relationship has always been controversial. now britain's biggest bookmakers have agreed a whistle—to—whistle ban on tv ads around live sport, with the industry seemingly listening to public opinion and political pressure. when adults and children feel that they need a financial stake in the outcome of a football game to feel that they're real fans, that's a problem, and that's what the marketing, the advertising, the bombardment of these adverts has done, and i think even the gambling industry recognise that. it will blow your mind. this move seeks t

i think we can arrange that. >> bill: lisa boothe, mary anne marsh and tom bevan.the one-sided coverage hour by hour of networks like nbc and democratic spin machines like "saturday night live". unfair news coverage and dem commercials. should be tested in court. can't be legal question mark, only defame and belittle. collusion question mark? is that where the collusion is? >> i don't know about the court stuff. but he is right about one-sided coverage and the bias in the media. we've known this for a long time. the mainstream media is skewed left. 80 to 90% of the coverage of the president is negative and against him. we've had egregious stories with brian ross, before it hit. it turned out it was after the fact along with the rest of america. we've seen a lot of wrongdoing on behalf of the mead ya. i don't blame president trump for calling that out. he has largely exposed a lot of the mainstream media as partisans and objectivity has died. >> what is the viewership of snl? are they doing better? >> i don't watch it. i watched the clips the next morning. >> bill:

james bevan, good to see you.—— in and we spoke about donald trump sharing his thoughts and feelings on a potential interest rate rise. he doesn‘t seem to have any qualms about treading over the convention that us presidents don‘t interfere with the central bank. you are right, he doesn't, but he has his antenna deeply attuned to the feelings of the american people and i think there is a broad expectation generally they are likely to have to be cut much earlier in the cycle because of global liquidity being much tighter and therefore growth numbers coming down and he is in a sense for warning that even the fed hike of this month on wednesday, it is likely they will not hike nearly as much as expected in 2019 and indeed may begin to cut early in 2020. james, i'll ask you about europe. no, not brexit related! this france tech tax failing? truly extraordinary. everyone anticipated the eu would have a single agreement and france clearly has lost patience with the protest and i think this is playing to the protests of

tom bevan co-founder and publisher of real clear politics and political analyst juan williams.the five. a beautiful scene in the rotunda and we're reminded of the moment when we can all come together in prayer last night. it was a beautiful moment. we enjoy that now. we wonder what happens next week after this period of mourning concludes and we all do say our goodbyes and honor the former president. >> it is a beautiful week. just as a brit observing this it's a really wonderful reminder of everything that's great about america. i've been very moved by watching the ceremonies, the arrival yesterday at andrews air force base was emotional. i think sadly with everyone saying is this a moment we can move to more bipartisan approach? , i don't think it will happen. same sort of things were said after john mccain's death. the truth is it is not about people wishing for more bipartisan ship or saying it. in the end it comes down to practical things. often quite nerdy things to do with the process and structure in congress. one thing we can be positive about there are people trying t

america's a-team now, marc lotter, richard fowler, fox news contributor here in new york city, tom bevanear politics.com. nice to see all three of you. there is a certain drama in the google hearing today. i don't know if we ever know how these are going to go. i think the facebook hearing at mark zuckerberg, a lot of people were taken aback a little bit by what's happening with your data online. take a guess what comes of it? >> it's important for the tech industry to understand that bias won't be tolerated. congress doesn't want to act but they will. right now they're holding their feet to the fire. information is like a utility in this day and age. you can't deny people access to that information because you may disagree with their views. >> sandra: a big question over what are republican lawmakers asking for here? when we were talking to congressman biggs he says bias is okay if you put it out there that you're filtering the information you're giving to the public. here is the ceo entering the room on capitol hill. we're about to hear from him for the first time answering questions b