and we'll talk about whether another black swan event could be just around the corner.s, china's economy is so weak, officials are reportedly planning for stimulus measures but investors say the economy may prove more resilient than expected and with banks on the sidelines, other lenders are busy stepping in to fill a capitol void in commercial real estate ♪ ♪ there are two areas in particular where there is great opportunity right now. that's ahead before all that, let's have a quick look at the markets. dow is up 384 points, rebounding from yesterday's unh led decline and 1.1% dwayne here 4409 for the s&p, with a 36-point pop today the nasdaq, up 87 points or 2/3 of 1%. ironically, it's the laggard look at the treasury complex, as well we saw a big reaction initially to that fed meeting yesterday. but look at this 3.84 was the yield on the ten-year yesterday afternoon all the way back to 3.72 and home builders are on the move lenar was the big gainer and raised its full-year guidance for home deliveries. dr horton moving higher, as well the travel trade is sitting out

, someone called him a black swan, etc. valentin gladkyi said that he just a rooster in the word of any bird, no matter how beautiful he was, let this be the beginning and the fact that on all russian tv screens in all their information resources, especially federal ones, they will once again put on the dance of the little swans, like in the early 90s a beautiful ballet that symbolizes the new defragmentation of russia, it has already happened, we were with you for the last hour. thank you for your trust . it is based on real events that took place in the most disgusting country on the globe. 600 shmobikes a day for everyone, just that the picture is so positive that there is an offer of the general staff to retreat from kherson, it's time to poke, i didn't understand what you didn't understand, you and you fucker leak what is unclear stop, don't be feverish, yaksyker, but kherson is ukraine, it may soon be the 17th election in the united states, and what if the republicans win a convincing victory, then big problems will b

beautiful, this is not a black swan and not even a black rooster, just a rooster because a black swan is an unknown unknown. and the fact that such a thing was about to happen in russia was well known, and to this day, many people are already counting and thinking not about the future of ukraine, but about the future of the post-russian space and about the challenges to security, in particular, because of this, they actually have something to think about, but i will repeat this question, first of all, about the future of nato, that is, it will be fateful for them if they do not approve it as it is supposed to, well, it may have entailed certain centrifugal tendencies in within the borders of nato, it is necessary to realize this, i spoke about it, and about the fact that there are different views , well, some parallel security structures will be created if they want to turn nato into the un. well, i congratulate them . thank you, mr. valentine. valentin glydykh, a political scientist, joined our broadcast and visited our studio today. the criminal prigozhin, we will talk about this fu

the black swan turned out to be a beauty. let's not be a fool rather with such a black cock . really as seven - this is a swan, a black swan that can really lead to the collapse of russia . now, at this stage, the only big guarantee for us will be the entry into nato, and here we need to emphasize, you know, there is such a concept in the field in politics, in political science, as a political moment. the phrase cannot be stopped, and the idea whose time has come, here it is, somewhere approximately , it is now falling on and it really corresponds to reality. therefore, we must not change to other scenarios now, throw all our efforts to implement the main idea towards which the country is moving, because look they are geopolitically on our side and domestically on our side, a plus - this is the most demanded thing, again, we have never had such a sociology that under 90% would support joining nato, so why not take advantage of this in us there 10-20 years ago , it never happened such sociologists, that is, internally we are determined and nato is on our side . that is why now

we were all surprised what is possible in put into russia and for me, of the guardians, like a black swan. it's something neither we expected in order to put in the system expected and it was not prepared for such a kind of cool form inside you, you could say, and i think it showed the weaknesses of to put in the system. it showed that this system is still personalized to defend. 40 not reacts immediately. the system does not know what to do in indiana regarding got to what he wanted. um he's, he's a, he's a free man at least for some time being. so i think it's a very big saw a cool and very bizarre. and the result of this is, uh, as you say, i mean ukraine is describing this as the public humiliation for president fulton and that he is weak. and you sort of seem to suggest that area about the case that is puts in a still impala and so his military gees. so isn't this prove up within the residence? no, i think it showed for me really the weakness of putting a and to put in the system. i think his speech was for me representative for me or kind of last of reality. he did not understand th

i don’t know if stoltenberg is a white swan on this samitiki to black swans or just watch with him, bute general secretary. they can't even hold their own, that's all. well, on the one hand , i have to supervise, and the second . no, i'm talking about. that's why i'm asking you where the money is and 30 years. they said that we ourselves are powerful at some moments they said before america there is no eu stronger than america and everything is blown away. well, money, well, somehow our reparations will be. and how much of that money is there for the sake of god, how much of that money is there, yes, already two budgets have been eaten for 7 years in 2 years, where are the new galoshes. yes, briefly and about the history. it reminded me. you know an episode from our desert movie. hooray , the owner appointed me his beloved wife. here, we have two beloved wives in apparently europe in the mountains and in the american it is poland and germany, and now they are probably fighting for leadership. that's it. here in this spirit. but you know how interesting it is. yes, there is one more poin

black swan told us yesterday on this show, how the market is feeling like twalgt we'll ask our guestsay if they agree and what you should co-about it. >>> with $4 trillion in options expiring today, there is one trend developing >>> ai will bring a new level of speed and efficiency to all aspects of ad creation that's what mark doug lolas is expecting. >>> we begin today's markets, and another rally that is building spl what. the dow is up 77 points, same for the s&p. 4437 we're now up 26% from those october lows the nasdaq, eking higher, just a two-point gain gains across the board for the week, i say countertrend, but the trend for june has been a broader rally than just the nasdaq the dow on pace for its longest weekly win streak since april. the s&p since november of 2021 the nasdaq on pace for its longest win streak since march of 2019. quickly, let's check on treasuries 384 was the high mark. we see it trade lower, about 3.77 4.73 on the two-year, so keep an eye on this. also, check out shares of cava, down sharply today after soaring more than double in their trading debut yest

the stock market seems to have some, you know, probably more robust on the others -- >> you say a black swan's fragile, you know it's going to collapse so you need to fix it. you have to reduce debt and do a lot of things that are not cosmetic >> if you have don't believe in mmt, the bins that we had at zero is much larger than any binge we've had in the past. if you believe in come uppins, hangovers, however you describe it, this has been the mother of all binges but we haven't seen it there are people that argue with me all the time that the strength ofthe dollar, that they don't think it's ever going to change so we're able to print. we're the country of record on the entire planet, we have this ability to print that's never going to go away so we can spend as much as we want that's the mmt people. >> no, mmt made no sense but people bought into it because it was, again, it was -- >> you can make a case for it because we can always print money because we are the -- the dollar is the standard for the world. >> germany was a power, okay, and they printed, okay >> i know. they seem to ignore

what we did in principle before this, that we really waited and were patient, and that's it - the black swan they didn't guess that's why our task now is for the front to just do its job . it's going to be difficult. i tell you frankly, i know the situation there in different areas of the front, how the offensive is progressing. it's really very, very difficult . the enemy has dug in during this time, moreover, he i even concreted some of my positions, even that happens. but little by little it is advancing. i want to say that i am talking exactly with those who took part in the kharkiv counteroffensive and then in september of last year. also, what they say, they say that what we saw there was on the 13th of september, he was preparing for this success, and it took four months , starting in may, for the battle near kharkov. and then only at the end of the summer , they groped and groped the gaps of the enemy and hit there, and this counteroffensive succeeded like this you just have to do your job, wait, believe, pray and do your combat tasks step by step. well, it’s a pity, sir, that this m

they do it because it's tied in you and deborah is lot of the authors of swan lake used white and black to contrast good and evil and doesn't have some selections, but now you can't even depict it that way. and now you have to allow anyone to dance in these roles and so on and so forth. i keep this most lovely. this is distorted. the original meaning i think the tonight, the message of ballet performance, the tragedy of modern santo river, the past 20 years has been the most valet companies in the world, a run by people who have never danced themselves. oh, my god, i've never been a superstar 5th when you come daniel. and they've stepped about really low fatty, which is the situation we're in. she is disastrous, so he's been suspended every time i see a ballet performance in some parts of the world usual numerous, i realize that it's not the ballet i once fell in love with usual double. by the time i thought a jump review, i did, she really is. this is not what inspired me to make ballot you my profession meeting near put me in your if there are no changes to say as a management in the

does not really fall on the not so russian troops who are fighting against us, i hope that this black swannow, such events will have good consequences for us. and what will happen in russia? well, to be honest, i am not very interested in the former adviser to president trump from national security, john bolton previously stated that in the event of russia's use of nuclear weapons on the territory of ukraine, putin will become the number one target, but as we can see now, when the escalation reaches its peak, the western partners and the west in general react weakly on this situation. do you think that the united states will still dare to take such a step if russia uses nuclear weapons? wait a minute. well, i share a certain point of view of general hodges regarding this . he once said that most likely if russia uses nuclear weapons on ukraine , our partners will find them. these will radically change the geopolitical situation, and our partners know that they will find non-nuclear means of attacking the black sea fleet and the grouping of forces of the russian federation , primarily in uk

natural environment. everything to communicate with us. we have a young married couple australian black swanshed by the fact that they have the longest neck and babies, children who only a week, so far they look like ducks and gray in ashy gray, but closer to 6 months they will begin to gain the same black color. now they are already eating grass, like adults. and when they are just born, mom and dad teach them. eh, right along the shore he walks along the very edge and teaches. uh, feed on protozoa. well, there might be some algae. and what is most interesting, these australian swans in the wild are almost never found anywhere else, except in australia. this can be said to be a unique phenomenon. look. weather improved ahead of us is the olympic sochi surprisingly the games ended 9 years ago, but here it is still crowded. this sports arena is known to the whole world at the fisht stadium, it was here that on february 7, 2014 at exactly 20:00 the opening ceremony of the twenty-second winter olympic games in sochi began. a grand show that amazed the whole world and became the best ceremony in

home port, the port is very high, but war is war and every day radical changes can happen and the black swan will fly away and this process can how speed up and stop for a while let's not run ahead let's watch the actions of the armed forces of ukraine and help them can we, the more you help our military, the faster we will liberate our land pavla and in this video at the end uh really f16 what this is a hint. and really, in this video at the end, at 16 , these are not ukrainian planes yet, but soon i believe that on the wings on their sides there will be markings for the air force of the armed forces of ukraine, we are still very much waiting for them, in fact, they we need them to strengthen our anti-aircraft defense and to cover our troops that are preparing for the offensive and of course to destroy those korki birds that throw bombs on our land regarding , again, the counteroffensive and those directions where it has probably already started or where it may take place here is the information that the armed forces of ukraine advanced in the direction of zaporizhzhia, probably in some suc

here and there, well , let them sort it out, please. and they do not bet on such unpredictable black swansf wagner's group behind the front line because we understand that the wagners turned out to be in the middle of nowhere , other russian troops were found there, and they began to develop their own task under the guidance of it was announced that if this story with the foreigner continues for another 2-3 weeks , now it will not happen, then this instability of the front line is precisely his spirit, the russian army, which is no longer there today , but it will fall in italy because of what is happening inside the russian federation, then it will really have an impact on the russian line of defense, so i think that these factors are important in order for the mother to influence the russian defense force, but the main thing is that now it is happening according to the plan of the general staff, when, in particular, combat operations over in the south, such systematic approaches are associated with the destruction of the defense line in depth and the luring of reserves to the front edge.

patient, that's what we did in principle before that, we really waited, patiently and here bach the black swan arrived, as we did not expect, and our task now is for the front to simply do its job, so it will be difficult, i tell you frankly, i know the situation there in various areas of the front, how the offensive is progressing, it is really very, very difficult, the enemy has dug in more than that during this time he even concreted some of his positions, even so it happens. but little by little it is advancing. i want to say that i am talking exactly with those who took part in the kharkiv counteroffensive and then back in september of last year, and what they say they say that what we saw there in the ninth dash on september 13, this success, he was preparing for it and went to it for four months, starting in may, there was a battle there near kharkov. and then only at the end of the summer they groped and groped the gaps of the enemy and hit there and this one the counteroffensive was just as successful, and here you just have to do your job, wait, believe, pray, and do your combat task

listing recalls to march of 2020, the markets got hit it really big, especially because we had this black swan event that we ended up having to consider locking down when we had the pandemic and stuff that took place of that time period in march of 2020. they actually held that the stock market just like they did in 2008, had they not caught the trading both occasions the system would've crashed and they are ready for the system to crash underneath there even not completely ready for the system. the crash yet the waiting for the actual development for the central bank digital currency. so they can usher in a new system. they need a new system to replace the system that's crashing and falling apart. and of the for banking failure so far we got signature, s b, b, credit suisse, and 1st republic, which one would have been the most disastrous if it had not been billed out. could the economy of ford not to bail them out to the free market? what it corrected itself, capitalism, when it came out, actually we would have been a lot better position if we would have just dealt with the crash at the time.

listening recalls to march of 2020 the markets got hit it really big, especially because we had this black swan event that we ended up having to consider locking down when we had to pay and to make it a sub to took place of that time period in march of 2020, they actually held that the stock market just like they did in 2008 had they not halted the trading both occasions. the system would have crashed and they are ready for the system to crash underneath there, even not completely ready for the system to crash yet. the waiting for the actual development for the central bank digital currency. so they can usher in a new system. they need a new system to replace the system that's crashing and falling apart. and of the 4 banking failures so far we got signature, s b, b credit suisse, and 1st republic, which one would have been the most disastrous if it had not been billed out. could the economy of ford not to bail them out to the free market with it? correct itself capitalism. when it came out, actually we would have been a lot better position if we would have just dealt with the crash at the time.

dedicated to maya plisetskaya and maria marina alexandrova starred in it, and we embodied the white and black swaness. the dress was created from thousands of hand-painted empires. here it was dedicated to my plisetskaya and created in a unique way. we created it for 2 months , painted each feather separately, processed each feather was drawn by the artist. that is, it is impressive, it is interesting to consider. and as for the era of fast food, it is over, people no longer want. uh, sweep all the choices. they want to buy. things that they will wear for years, so the quality of the thing comes to the fore, and the design goes a little, the second thing should be utilitarian suitable for different situations. well, for example, here is a large black men's jacket, which must be of very high quality, and without e design elements so that it is always relevant after 3 years and after 5 years. it can be completed to put on a dress or put on with jeans or with the same trousers. here is a utility item. also it's a new time in the sense that we are very careful about what we throw away, that is, many b

does it put at the forefront a black swan event?ystem and what that means for growth and monetary policy? >> developments are very important for the development for full flay shouldn't. what i was discussing before is the assumption there would be no major change. it's important for this event. francine: thank you so much for your time. i am going to hand it back to you in london. we will have more interviews in central portugal. guy: thank you very much indeed. we will be back with francine over the next couple of days. this is bloomberg. ♪ alix: if you live in new york or travel in new york, this is the story you want to be paying attention to. the department of transportation has given at sign off on the controversial plan to charge vehicles entering southern manhattan. this paves the way for congestion pricing that could begin as early as next spring. you could be charged up to $23 vehicle if they enter below 60th street. for cabs, taxis, goobers, you will have to pay at once during the day and then move freely. this is going to

oh look, the headline is black realtors, white swan, that was it. 17 years ago ivanovich rai, thank youery much. you helped me a lot today. hi beautiful shoes in them will bury me and uncomfortable infection. for whom did you dress up for him, too, i have a question do not invent. that's good, because i have. i want to know you will continue to interfere with me seriously, which means that the shoes are agreed with a candle. help. ivanovich is very important. i understand through you only courts have passed, a good judge always has a good memory. although i may not remember all the details, and the case was seventeen years ago, the white swan case with its black realtors was a resonance. and for our area just a scandal. so the investigation did not find all the victims then. realtors they were presented with only 12 episodes. we assume that this human. walked passed like a victim. but he refused to make a claim and said that he forgave everyone. why do you claim that you have nothing to do with the body that was found in your former apartment, everything in the world is interconnected.

the black swan in some senses. max, what are you learning about the general right now? what's likely happening to him. is he being interrogated? what? >> we reported today that the general was detained following the coup. we don't floknow if he was arrested. it could be he was held for questioning. there's nothing to indicate that he has been in prison. he might be released. we don't know. what we know is this is the start of a big attempt by putin and his most loyal security services to find who was responsible for these disastrous failures that allowed this to happen and to try to do something about it. it is just a colossal failure on putin's part. this was a guy who was basically going around for months saying that he was going to do this with his private army that putin let them have and completely financed. it was all happening because he was personally loyal to putin. he was allowed to publically clash with the defense ministry and undermine authority. putin let him do that. putin is acting surprises. he thought he could control him because he was so dependent. n

. >> put of the downsides of algorithmic trading is the inability to spot black swan events.ou fine-tuning capabilities? >> i love that you asked that question. historically people look at one path of history that has happened in the past. we use ai to generate altern ative histories. what if google had not happened? and make sure our models are resilient to these changes. finally, we have human supervision. even when the ai is functioning, there is always layers of risk control. and on top of them, risk experts who have been at quanta trading firms who provide the last layer of security. it is a combination of human expertise scaled with ai. >> so you always envision a human complement? >> not all types of scenarios can be modeled, so we will always have some level of human supervision and we are ready to fine-tune that. we conflict the off switch, if needed. >> that was the ceo of artafinance that has just launched in the last few weeks, starting in the u.s. but expansion plans around asia as well. rishaad: annabelle, thanks a lot. in build rulers in singapore. thai cpi num

we have this black swan scenario we put in our community every few years.because we do have to e look out for this. wikipedia started as a project in the united states, san diego, california, is now an international project, volunteers from all over the world at the servers are hosted in the united states. if the u.s. nonprofit. those servers being in virginia across the water there and in texas and other places in the u.s. is really important because we have those 230 protections. we do this black swan scenario where we say if we had either by choice or by necessity, we had to move wikipedia to some other place, what of the places could compare to the environment we have in the united states in terms of section 230 protections, legal climate around public domain, copyright, anything else? and every year we do this we cannot think of another country has the same type of environment as the united states, not even close. 230 is so uniquely special to wikipedia is existence and itself and its impact that we've never found in another place that equal to this an

black swan told us yesterday on this show, how the market is feeling like twalgt we'll ask our guests>>> with

you have seen that time and time again in the last 20 years, the exception being the black swan years, 2007, the housing crisis, 2015, the oil crisis, and 2018, when the fed and geopolitics messed things up for markets in the fourth quarter. but those are the exceptions to the rule. if you have a really good front half, you will have a good back cap as well. there is a bear case to all of this, which is a trend that comes off of one heavyweight in particular. you mentioned at the top of the show the apple story. hit $3 trillion in market cap. when it hit $1 trillion and $2 trillion because of its waiting in the benchmark, you saw a massive selloff in apple shares, but it dragged down the entire index as well and led to a technical correction. that would be the word of caution i would give with a sign of optimism. >> you look at the rise in the two-year, the idea that consensus is predicting lower longer rates for the first time in 20 years, according to apollo. this is a historic yield curve inversion we are seeing, such a long duration of this inversion. what is the bond market telli

and we'll talk about whether another black swan event could be just around the corner. weak, officials are reportedly planning for stimulus measures but investors say the economy may prove more resilient than expected and with banks on the

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i thought this was a distant black swan event, kind of fringe possibility that something like this could happen. most likely from prigozhin, but it's happened and things are unfolding extremely quickly. one thing i can say is the biggest beneficiary of all this is ukraine. ukraine is going to have enormous opportunities. it is going to have -- it is going to be facing a completely incoherent russian response from the strategic standpoint, russia is extracted with defending its own territory. it is shocking. russia is losing a war and opening up a second front on its own territory, not a very, very effective strategy for winning the war in ukraine. so ukraine is likely to make huge gains, probably fight unopposed. there's early reporting that ukraine is already making big gains based on the actions of a coherent response from russia. we'll see how this unfolds, but ukraine will be a huge beneficiary to the unrest. >> colonel, help me understand, help us all understand the geog geography, the lay of the land. is rostov the objective, or is he headed for moscow? >> so rostov was the operati

america to become, because so much is at stake, the economy itself, if there's a black swan event internationallyow houthi look to for that? and we now know that there is n rafters and people that don't really care. and this all comes across that look how the republicans claim it is also important because i it -- we just found out in the midterms is not enough to say w are not them, right. the republicans at the sagoe with a real disdain for -- they cannot be afraid of donald tr trump. they get to know and embrace what it is they are present for the future. >> give them a policy choice is when it came down to. >> yes. >> i do to become the shiny object it was that what you people are not really contender with each other start debating before we've seen the actual proceeds contender and the current incumbent president stand up and take on that only members of his own party not saying he doesn't get the primary nomination, but getting those reps that robert f kenned jr. told me about. i think it's important to the current president, and then hav him take ron desantis, or trump or whoever that he wo

the lasting the country needed was a self induced black swan event where we defaulted for the first timecan history. now it looks like that's not going to happen which is an enormous deal from the perspective of the biden administration's chief goal, to get an economy that is working on all cylinders as we come out of a devastating global pandemic. -- ron service chief of staff of the administration for the first two years. it's great to have you. >> it's good to be here, chris, thanks. but we >> will be thinking is someone who spent a lot of time in that white house and worked with the senate and house when you weren't doing kind of opposition party negotiations about how this deal came in? >> i think look, as you said, the hostage which was the u.s. economy was spared. i think that's a win for the american people. i think that there was no way to do this without getting the house to pass it. no way of getting on the floor of the house without the speaker being willing to put it on the floor. there had to be concessions to him. and that's just the result of the 2022 elections. but as yo

look at the last three years the s&p topped out in february 2020 at 3600, went down 35% in a black swan event to 2200 or whatever the heck it is and here we are now at 4400 we were 4800 if you just invested the same dollar amount every month, every qua quarter, you'd be doing fantastic. but the "fast money" component of this, if you are tuning into this, you like the day-to-day, you like the action, you like the different stories, and sometimes, so, we get in the weeds a little bit about that and i always say to people that if you are invested in the long-term, you take advantage of that compounding nature, but sometimes it's like a portion of your investable assets, you like the action the trading part of it is, that's where you're yolo-ing stuff, crypto and stuff like that that is the most important takeaway of your chart, too, you always have to be in the market. >> yes right. i can't figure out when to sell, and then when to get back in there's no shot of me getting that right both ways >> in terms of your take on what the squiggly does next, it is what >> i don't know. and i don't

stronger gopniks, the only thing that can violate the inevitable kosovo, gop-stop, is some kind of black swanound the planet. almost in flocks, oleg romanov has been on the main air for more than a dozen years in american articles and textbooks on political science, the sea regions are really explosive and such a forecast from the americans will be like that, and they predicted the forecast world storm in the last century. who spoke about the ukrainian conflict decades ago, and was it a prediction or a specific plan of action? what books described the global adventures of the west and what is actually hidden behind the covers in an understandable policy , we will tell about famous authors. see on monday after the panorama. the right to a sovereign policy comes to the fore in international relations , a state that defends its national interests automatically falls into the category of outcasts. for example, pragmatic hungary has come under friendly fire from the allies, who are actively trying to take away the country's legal right to preside over the european union in 2024, citing attention.

and i don't think we're going to do that barring some kind of a black swan >> yeah.aren, it's interesting, you said you sold calls for -- on meta and alphabet. how about nvidia >> no. alphabet and meta are very big positions, right i don't have a huge position in nvidia i'm going to let it play out i know the bubble and all of that, but i don't believe this is anything remotely close to 1999, and, you know, there's a lot of data to support that. i think that this story is not played out yet we've seen one quarter we haven't even yet seen the quarter. we've seen the expectation of the quarter, right and so, i think we got to let i play out more, because as i said then, i think he's sandbagging i think we're going to see more. so, i'm not going to trade around that. these other ones i will trade around, because first of all -- >> what about meta >> what? >> what about meta >> sold some calls against meta. >> okay. to me, of those -- and i'm long meta and i bought it probably before the second to last woosh down, but it's been a good trade, and i actually think it goes

there was real worry of like, okay, is this the kind of black swan event.ming along, people call it a honey badger economy. it's been churning, it's been managing to deal with all the shocks. there was concern that shock might be the thing to knock it off course. how confident are you that that's resolved? >> i think thanks to the intervention of our regulators we stemmed the bleeding there really quickly. they stepped in to make sure that all the depositors that those banks were made whole and had access to all their money. immediately that was crucial to inventing broader run on banks as people got concerned about their deposits being available. we saw a little bit of choppiness in the markets in the days and weeks after the. largely what we have seen is that deposit outflows have stabilized. people feel confident in the banking system and they should. what we might see some ups and downs in the stock market in the months to come, fundamentally the banking system is in really strong shape. and it actually continued to provide access to credit for small bu

neil: you know there's always a wildcard they call a black swan event we didn't see coming that in retrospect you were talking about what's going on with china and where the world is. what keeps you up at night? >> i think what you just said. i think in terms of the geo political situation that we've had, i think that is just growing and getting more intense is the one that keeps me up at night. it used to be terrorism and now, we don't even reference terrorism. we just have all these issues going on and the time when we're not as united as we should be. i think if i'm looking at the markets or banking industry which is what we spent a lot of time talking about i am concerned on what may happen in commercial real estate. neil: finally, i know everything about you is coastal carolina. university, head football coach, but i think you'd have to admit that this is clemson's year, don't you? >> i'm rooting for clemson. one of the guys on my team, his brother, his brother was a four year starter for clemson. neil: my son goes, a kid but you're widely respected in that field as well. joe moglia, tha

it's probably going to take some sort of black swan event that we don't even anticipate that can restorehat. governor case sick, always good to see you. jake sherman, appreciate it so much. >>> hopes for scottish independence from the uk could be set back significantly after a shocking arrest. the former leader of the scottish nationalist party, nicola sturgeon is facing financial misconduct charges. she had been one of the most prominent politicians until she resigned a few months ago. the latest high-profile party member arrested that funds raised for scottish independence were diverted elsewhere. >>> still ahead, secretly listening for years. what we're learning about the spy base in cuba that helped china eavesdrop in the u.s. >> another american detained in russia accused of selling drugs. how will the u.s. respond while the fate of other prisoners remains up in the air. you're watching "chris jansing reports" only on msnbc. you' wreatching "chris jansing reports" only on msnbc when you sleep more deeply, you wake up more energized. introducing purple's new mattresses - our unique g

mean i'll give you this , a slight danger signal, too much complacency, but i mean, short of a black swan event what's going to bring this -- >> i don't think we have too much come place answer it because there's a lot of people uncomfortable and still on the sidelines. liz: but they are losing money, teddy. >> well, you know, but you can make an argument that no risk is better than risk if you have exposure that's not going to work, because you get away from these large tech names and there are hundreds if not thousands of names. the market breadth is basically negative. i'm not suggesting that butch is wrong and quite frankly we're closet bulls because we still own plenty of stocks. the problem is we have been reluctant to put new money to work in any new names because so far, anything we've touched have clearly quite frankly not worked liz: well what about treasuries? you have loved treasuries. i call it party of five. there are five different durations of bonds between one month and one year that are all yielding 5% or more. >> that's correct. today the three-month is 5.303, the six-m

liz: not even a black swan, it's right in front of our faces. >> what what they need to do is just standust pause and then increase later, that's just slowing down the rate of change. and the logic just totally escapes me. so we saw today like a .1% monthly inflation print, so the year-over-year is 4%. in july we're dropping the june '22 inflation which was giant. it was 16%. on an annualized basis. liz: right, right. >> so if we had the same print next month, the .1%, inflation goes to 2.7%. and then on top of that, look at the driver of inflation is mainly shelter. 40% of the personal consumption expenditure deflater. and that is running at 7.2%. ask we know that this is lagging, and we know just looking at casual data that housing prices are soft, rentals are actually going down. so just hasn't worked in. so i don't get the logic for increasing rates. obviously not at this meeting, but the next meeting, that would be a highly negative signal and just heightening the probability that that we make things worse. crush demand, you put us into a hard landing. it's not fair. liz: you've bee

there are no black swan events. there was no one american fight against fascism. there will not be just one president or ex-president indicted. there have been many and there will be more hostile foreign governments that, yes, interfere in our elections and our politics, and there have been many and there will be more americans eager to help with that. principled decision-making means not only responsibility to the full circumstances at hand in the moment. it also means there's a responsibility to the americans 80 years from now who will be contending a new, contending again with something like this mess we are in today. at the risk of calling out the pitchforks and torches in this room, i will leave you with this. do not be like truman in this case. if you are going to do something really controversial, like firing that prosecutor and burying that red-hot report, please explain yourselves. your country needs you to. if not now, than 80 years down the road. thanks. [applause] disco -- discourse of far right extremism in recent years and the kind that translates in

there are no black swan events. there was no one american fight against fascism. will not be just one president or ex-president indicted. there have been many and there will be more hostile foreign governments that yes, interfered in our elections and in our politics and there have been many and there will be more americans eager to help with that. principled decision making means not only responsibility to the full circumstances at hand in the moment, it also means there's a responsibility to the americans 80 years from now who will be contending anew, contending with something like this mess that we're in today. at the risk of calling out the pitchforks and the torches in this room, i will leave you with this, don't be like truman in this case. if you're going to do something really controversial like firing that prosecutor and burying that red-hot report, please explain yourself. your country needs you to, if not, then 80 years down the road. thanks. [applause] >> hi. >> hi. i told you it was long and boring. >> no, no, i'm excited. when i heard a little bit of

bu t every day changes and there could be a black swan internationally that changesank directly as well. gentlemen, thank you. thank you very much. now, coming upngp th, the fightr women's sports is heating up. women's sports is heating up. caitlyn jenner and pam will be here with more. >> sta y tuneg of find. o-seve she found it.re the feeling of finding the psoriasis treatment she's been looking for. so, too, is the first of its kind. to severe plaque psoriasis for ort clear or almost clear skin. it's like the feeling of finding your back is back or finding psoriasis. >> can't deny the splendor the l these thighsea. >> once daily stick to iswe proven to get more peoplr youre clearer skin than the leading pill. don't take it. don't take it. you're allergic to stickse inc. serious reactions can occur so you can lower your ability to fight infectionour docts, ing tb, serious infections, cancers including lymphoma, muscle problems or had and changes inn labs have occurred. tell your doctor if you have an tell your doctor if you have an infection, liver ily. problems, high triglycerides, o

foresee the future, but it is impossible to have a multi- factorial life that you will not be a black swanhave taken everything, uh, her hands. i understand that it's hard and it gets in the way, but why is she an uzi on the contrary, because, in the first place, everything cannot be taken; this is what will reject you. yes, because you want to take everything, but everything is impossible, and here you have a! try to say everything. you yourself also said when i hear from another person. i don't trust him, right? well, so -so, too, already start telling the truth , you can’t control everything. i understand that it’s possible there, but if you don’t control something, that it will be hard for me, that is, i have a fear of fear inside something that ’s very why your fear will be deceived, it will turn out , it won’t work, and it hurts you to be the only person on earth should not hurt everyone, but our wonderful heroine cannot. well, you're scared that it will hurt just as much. yes, it is so true, dear, olga, now say such a phrase to me, maybe i'm sick, i can't be sick. i don't know what

if nothing else the weekend tells us how these black swan events or grey swan events do add further complicationso what is already a difficult growth environment for the region. >> good morning. that is true. it has already been a difficult growth environment. we have come off the reopening phase in of the fundamentals are kicking in which are the dislocations that have taken place due to covid. the hit that has taken place to households, or bricks and how that is affecting it plus the global economy have been raising rates everywhere that means the global economy is going to slow more. a difficult environment. the conflict between russia and ukraine has been sitting in the background of all of this. the initial effect was there was a rise in oil prices in that affected the large parts of asia negatively except for the energy exporters. it was a large negative impact. what do the developments over the weekend do? it is probably easier to be an economist than a political commentator because they have all kinds of scenarios that are likely. for us, there are two things i think we need to worry abou