bianco luck wouldn't dream of going out without 1st applying sunscreen to every part of her body that's not covered up but she wasn't always so careful as a child she often played outside and back then no one bothered much with sunscreen when it's all the gong on and we go off to the beach on our part and when we came home in the evening we do usually have a bit of a sunburn on my me on my release days i'm much more careful and my father has skin cancer on. top. bianco like skin shows visible signs of sun damage now $49.00 she's had several cancerous growth removed including one on her temple. she 1st noticed a suspicious red saw 3 years ago. at 1st i thought it was a pimple i picked is a bit not quite some point but it got bigger. then a stop formed and started tumbling. down thing is that's when the alarm bells started ringing. alarms igniting lighting hold basal cell carcinomas are very common people tend to wait too long before they see a doctor and then they need relatively serious surgery course for the person. what younger lot thought was a pimple was in fact a basal cell carcino

we appreciate it jim bianco of bianco research. i don't know if you guys saw the bloomberg article reporting on former fed chairman greenspan is opening the door to the possibility. >> the irony of the guy that might have opened the door in the first place. >> that is true. >> you know, is it the top in bond prices we've seen over the last 48 hours, jp morgan, pimco call for negative yield in the u.s. let's think about it what is not as dominant as expected with bond yields going from 2 to 1.60 over the last month? staples have been okay, not great. shouldn't the groups have been more dominant if yields continue to move lower. gold stock was hit very, very hard today i'm curious if we're at an inflexion rates. >> i think it makes sense to maintain a defensive posture right now. when i say defensive i'm not necessarily talking utilities and consumer staples but more so within tech. we like tech i would rather be software over semis. companies like salesforce, adobe, and health care is a sector that has not performed well. >> at all.

well that was a sign that there was somathing more on that gun case steve del bianco resident of net choice as facebook allows licensed gun dealers to advertise on facebook but since 2016 has ruled private gun sales are off limits allowed to do a private sale of that gun. but it's just not allowed to do it on facebook peotle. >>will be killed as a result west a crackdown on what's going on. >>jonathan lowy with the brady campaign says facebook is endangering the public with the ease of access to guns is just far too easy for dangerous people get low. he says facebook to market place is a way for people to avoid background checks. i meet i etzioni is a social scientists at george washington university. he says this loophole in facebook marketplace is just a droi in the ocean even if nobody would center on the not tomorrow. >>and nobody would buy nothing on to mow for free to still all over the place facebook asked users to report any violations of the rule and a facebook spokesman says quote. >>if we catch someone selling guns, we take immediate action in washington morgan right. he m

short of that, i think we're going to 175 on the 30-year bond. >> jim, bianco we had a little bit of a static issue. do you agree, 50 basis points is the only thing that's going to cause the bottom in yields >> it's interesting he says that i would say the fed has no control over yields at this point. i don't think they do. i don't think any of these central banks do although they think they do. in terms of what jim said, 25% of all sovereign bonds have negative yields. that's not bullish in my world obviously the market's looking past, the last four days in the equity market is very good the problems that got us in market turmoil last week didn't go away today. >> i agree with that when we look at it from an equity perspective, we don't think risk is off the table at this point in time it would not surprise us to see the s&p 500 approach 2,700 where you can finally breathe a true sigh of relief. >> i'm curious because we have so many strategists to say lower yields are great because it provides you a cushion for valuation. >> yeah. >> and at some point we crossed that line. >> i thi

they're taking your information without your consent or knowledge but steidl bianco with net choice says it's not the government's job to change that i think there's plenty of evidence of people exact people know how to manage their online time. >>in a way without inviting the government and a micro managing everything they do on the internet westling agrees this isn't the right solution. but says he supports the bills call to have the fcc study social media addiction, not you know completely opposed to. >>you know looking at that and try to figure out you know what why are people using this so much so far holies bill lacks support from any other senators in washington, i'm anna war nikki. >>well there's a new celebrity chef here in the bay area and her name is sally she's a robot this morning on dine and dish vicki liviakis introduce us to the mechanical cook. miceli her specialties salads and we are having. >>we mention sally's a robot. >>making her appearance here at the spoke office space in san francisco's westfield know that. >>us for for the dressing. >>these techies are testing o

they're taking your information without your consent or knowledge but steidl bianco with net choice says it's not the government's job to change that i think there's plenty of evidence of people exact people know how to manage their online time. >>and away without inviting the government and a micro managing everything they do on the internet westling agrees this isn't the right solution. but says he supports the bills call to have the fcc study social media addiction. i'm not you know completely opposed to. >>you know looking at that and try to figure out you know what why are people using this so much so far holies bill lacks support from any other senators in washington, i'm anna warn a key. >>kron four's now streaming live local news 24 hours a day with no commercials. the new service is called kron on. >>get caught up on all the latest breaking news and weather any time of day visit kron on dot tv to start watching now. >>next inside the e cigs in flavored tobacco have officially been banned and did one east bay city. why enforcement of the ban will happen until next year. >>plus no

lisa: jim be juncker of b bianco -- jim bianco of research, in a paper, referenced mockumentary, theaying that "trump is going to trade."up to 11 on that doesn't mean we are getting some easy solution anytime soon. i think a lot of people agree with him. alix: about the whole control room was like, "spinal tap," what? [laughter] alix: you will maybe sell a little bonds on the margin, by a little stock. how much of it is that? rachel: this august has been the busiest august for stock traders since 2011. remember what happened in 2011? that was the u.s. debt downgrade. this has been a seriously busy month. people haven't been able to just get out of the office and turn off. they've had to be aware of all of these headlines. it comes at some of the most interesting times of day given the severe tensions with china. people are tuned in late at night, first thing in the morning. we know when trump is going to wake up and decide to tweet, so you have to be on the ball. lisa: there's this incredible irony underneath this market. you did see volumes pick earlier this week when we saw an incr

shery: jim bianco, thank you for your insights. plenty more to come on daybreak australia.s is bloomberg. ♪ paul: reliance on china is looking like the biggest handicap. apple has shed tens of billions of market value since president from escalated tariffs, "ordered u.s. companies to move out of china." mark gurman covers apple and joins us now. that kind of order from the u.s. president for a company like apple is daunting to the point of being not even possible, isn't it? mark: i agree with you on this one. i don't think it is plausible. i don't think it is something that is going to happen. i foresee apple being in china for many years to come. shery: let's just think about the possibility of relocating some of that production out of china. what would be the biggest difficulty in doing this? mark: the biggest difficulty would actually be finding the manufacturing facilities to actually do this. the reason foxconn is so impressive and one of the reasons apple uses them, if you have ever been there, it is basically like a city. it is like a gigantic college campus/city tha

they're taking your information without your consent or knowledge might steidl bianco with net choiceot the government's job to change that i think there's plenty of evidence of people exact people know how to manage their online time. >>in a way without inviting the government and a micro managing everything they do on the internet westling agrees this isn't the right solution. but says he supports the bills call to have the fcc study social media addiction, i'm not you know completely opposed to. >>you know looking at that and try to figure out you know what why are people using this so much so far holies bill lacks support from any other senators. >>in washington, i'm anna war nikki. is promoting his latest effort now to invest in early >>the governor toured the hope street family center in los angeles. there's video of that in the center provides resources to more than 5,000 children every year and during that visit newsome talk about his push to make education better for children. more than $2 billion in the state's budget will be used to invest in early childhood development tha

well that was a sign that there was something more and that gun case steve del bianco president of net choice as facebook allows licensed gun dealers to advertise on facebook but since 2016 has ruled private gun sales are off limits allowed to do a private sale of that gun. but it's just not allowed to do it on facebook people. >>will be killed as a result, the west a crackdown what's going on. >>side jonathan lowy with the brady campaign says facebook is endangering the public with the ease of access to guns is just far too easy for dangerous people. has lowy says facebook to marketplace is a way for people to avoid background checks. i meet high etzioni as a social scientist at george washington university. he says this loophole in facebook marketplace is just a drop in the ocean even if nobody would center on the non tomorrow. >>and nobody would mind having on 3 is still all over the place facebook asked users to report any violations of the rule. >>and a facebook spokesman says quote if we catch someone selling guns, we take immediate action in washington morgan right. >>now 7.19 a

they're taking your information without your consent or knowledge but steidl bianco with net choice saysnot the government's job to change that i think there's plenty of evidence of people exact people know how to manage their online time. >>and away without inviting the government and a micro managing everything they do on the internet westling agrees this isn't the right solution. but says he supports the bills call to have the fcc study social media addiction. i'm not you know completely opposed to. >>you know looking at that and try to figure out you know what why are people using this so much so far holies bill lacks support from any other senators in washington, i'm anna warn a key. >>and a chance for showers headed for the bay area, we'll talk about that plus could be an active hurricane season will talk about that coming up next. and in sports. some had bomb takes the mound for the first time since the trade deadline. >>how he did against the phillies sewer also vying for a wild card spot. kay rene has all that next in sports. >>call 2, 1, 6 record in august to the roller coaster

bianco saidr -- jim it is because the only place you can get 2% yield on cash. do you agree?is the highest yield on the board, so why would you not take it? you are also in a defensive stance on interest-rate risk. the 1.i would make for the viewers, think about it in this regard. fed funds is at 2.25 today. 1.34.rwards are at the simple math is 75 basis points difference. that tells you where the bond market once the fed to be. it is telling the fed it wants three interest-rate cuts. that's where the neutral fed funds rate is. we have heard chair powell talk about the fed would like to get to neutral. so you can put those together pretty easily. in the interim, as an investor, you've got to take that rate. above 2% with a 2% 30 year and less than that on the 10 year, why wouldn't you? david: if you are investing in equities, do you want the fed to listen to the market? certainly if you are invested in financials, you don't want them to do that. it is not clear that it is helping a lot of american industry for them to keep cutting rates. darrell: i would agree with that. i th

this is from the great jim be juncker -- bianco. thank you.n there was a war that washington won. the yield comes down and what is so important is that other than that world war ii induced yield time, we truly have never been here. russ: unprecedented, never seen it. now,otion you have right $15 trillion, $16 trillion in negative yielding debt, none of us were taught in school about this. tom: how about the bank of england back to 1911? even here, bank of england rates are set lower than they were from the depression through to churchill's final government. russ: you can take that back further and go back to 1696. tom: we did "surveillance." russ: napoleonic war, never this slow. dark" "poldark" was still drilling for oil. francine: what is the change in the last 200 years? the financial markets have gotten so much bigger that you cannot really compare. russ: you can't, except for the fact that we are in an environment -- ed is fun to put these charts up but it has -- it is fun to put these charts up but it has real ramifications. thing you ar

good global perspective but more about north america, and david bianco brian, i did not have time toalk to you earlier. i spent time with david in makeup neither one of us were getting makeup >> yes >> i was getting makeup. >> you were. it is beautiful. it's great >> thank you >> what we decided, david, and we go back a long way, you think that this is not quite finished yet, as far as a correction. and that we may have a full blown correction we're down about 7%. you're saying it could be 10%, 15%, 20% >> the 20 is still unlikely. >> from the highs. >> i think what's likely is a full blown proper correction plays out, 10% to 12% decline. 2700 on the s&pment s&p. >> we're already down. >> i think we might have a test in september and october i think this will be a textbook correction there's enough reasons for it. valuations are not cheap they are demanding i know they're supported by the low interest rates, but these low interest rates, particularly the possibility of something like a total of 100 basis points of fed cutting rather than the 25 or 50 that we were thinking a month or