>> he can call me anytime he needs to greater >> mark carney -- needs to. >> mark carney gets an opportunity to explain his comments on the rate hike. ♪ >> welcome back to "countdown." i am mark barton. mark carney is getting ready to testify before parliament today. questions ony face the change of tone on future rate hikes. daniel mccormick joins us to discuss all matters carney. good morning. thank you for joining us. does carney have a communication problem? what is with the flip-flopping? >> i think he does. there is no doubt i think that when he came in, he put in place a to mitigation framework that has not worked. in that sense, he does have a bit of a typical the every you'll probably face probing questions today. >> why the flip-flopping since the main inflation report? that is the report that the committee will focus on. he essentially entrenched investor expectations for record low interest rates but only a month later, he got up and spoke to mansion house and said borrowing costs could rise earlier. why the flip-flop? >> the rhetoric coming from the bank of england has changed.

>> carney's credibility questioned. the bank of england's governor gets grilled this hour about his u-turn on interest rates. we'll bring you his testimony live. up exclusively. santos recently explored a $40 illion deal. good morning, everybody. welcome. you're watching "the pulse." we're live from bloomberg's european headquarters in london. i'm guy johnson. >> we're going to get some breaking news. the german business confidence coming out. >> the headline? s come through at 109.7. the median estimates 110.3. let's take a look at how the euro is reacting to this. we have a situation obviously where everybody is watching carefully to see how the german economy is going from here. crucial really, the next step from the e.c.b. dipping on the back of this one. 1.3597. this is a survey, a mere gaugor investor sentiment. we'll break it down for you in just a moment. the headline number certainly something of a miss. >> of course it follows weaker p.m.i. numbers. germany and france yesterday. >> i missed that yesterday. a b

that was the warning last night from mark carney. let's bring in caroline hyde. .ooner than we think the question is, how soon and by how much? >> this is the billion pound question. it could come sooner than the market expects. the current consensus is that we would see rate hikes starting in april of next year. this is the most hawkish that we have ever heard mark carney, saying that we could be a step ahead of the market expectations in terms of rate hikes, really adding fuel to that fire. have a listen. >> there is already great speculation about the first rate hike and this decision is becoming more balanced. sooner thanpen financial markets currently expect. say that very keen to this is the last line of defense in terms of trying to suppress over exuberance in the housing market. that is where the key concerns lie. willyou mentioned how high they go, he is still reiterating what we had in his last statement. it will be gradual. you will not see some rate hikes to the tune of 1%. --s will be a slow interest increase going forwa

carney's comments were important and i think they would this is what helped lift us to these levels but i think again it's part of part and parcel of a more of a hawkish bent of the whole the whole basis of england and i think that what this means i think is that we should be looking for a rate hike i thought that carney wanted to hold off until the next election which is not until may of next year in the u.k. and i think we're pricing in for the first quarter of next year that's been our expectation for quite some time and i think that some people the market again more aggressive think they could go before the end of this year. markel what's your take on the last f o m c meeting. yeah i mean i think that the idea that the us has would follow the bank of england i think was never really a good a good beginning in the first place i mean a lot of people did think that well that carney did the movie carney did you know sooner than later could be duplicated by the federal reserve i would say that the takeaway message from the f.m.c. meeting was that the federal reserve is not the bank o

carney. >> are we getting headlines?used on turning that recovery into a durable expansion. , our tools do so must be used in concert. the legacy of high indebtedness means that there are financial stability risks that if left unchecked could undermine the durability of that expansion. the biggest risks relate to the housing market. furtheris taking graduated and proportionate actions to mitigate these risks. can allowo, the fpc the npc to focus on its primary objective of achieving price stability. it is not the fpc's role to control house prizes nor can it stress underlying related to homes. risks tois to manage financial stability, including the buildup of unsustainable levels of leverage, debt, or credit growth. the prospects for household indebtedness concern us. although u.k. households have made prospects -- progress in repairing their balance sheets, they start from a vulnerable position. to share of mortgage lending high loan to income ratios has increased markedly over the past years to a record high. given the

i do think that carney and i tease my wife that i think i'm the luckiest man in the world but between really i really think it's mark carney he left the bank of canada and just as a canadian economy was weakening housing market bubble came in before he goes to the u.k. sensibly the east policy but he finds out the british economy was already on the mend before he got there and so i think carney had given the market some forward guidance suggesting that the u.k. was not going to be in a hurry to raise interest rates and most recently it looks like he changed tone but it came not just back because of carney but several other members of the monetary policy committee at the bank of england also seem to be becoming more hawkish and so i think that carney carney's comments were important and i think they would help to lift us to these levels but i think again it's part of part and parcel of a more of a hawkish bent of the whole of the whole big of england and i think that what this means i think is that we should be looking for a rate hike i thought that carney wanted to hold off until the

we've got mark carney's testimony this morning at 10:30 cet. how is he going to justify that shift to a more hawkish start we got on june 12th? and, of course, dollar/yen, we were talking about this earlier on the show. we're waiting to find out what abe can do. >> that exactly is the big story. that's informing the trading session for the nikkei 225, tokyo equities so broadly. ending fairley flat. the markets are looking for some spans and some clarity later on today. about half an hour or so from now, we should hear from the japanese prime minister on the third face of this longer term economic program which could include a phased tax cut, pension reform and also some other longer term economics including possibly more flexibility in the labor market. that's going to be a very tough sell from the union's perspective in japan. so deeply entrenched interests there. the nikkei backing away from five-month highs at the settlement. the kospi strong, the outperformance factor up by 1%. the shanghai composite stable at 2033. but the s&p/asx 200, got

that is good news for mark carney. want to show you the very personification of a market coming off the boil. it is down for the fourth straight month in a row. the lowest reading since august 2013. you are looking at that -- at a market that is changing direction. any mortgages up to 500,000 pounds, we will cap it four times your salary. market review. danny alexander came into our offices in new york. he is number two at the treasury . he said, stop getting so carried away. >> you do see pressures in the housing market. that is one part of a much larger u.k. economy. house prices are well below where they were back in 2007. by 2018, it will not have reached the levels of back then. >> the real balancing act is how do you quell the prices in london. it is like trying not to throw out the baby with the bathwater. the housing market improves, i spend more money. you do not want to quell that overall things are feeling better and the u.k. economy. what we are doing, house prices up by 11%. things are coming off the boil.

let's look at how mark carney is affecting the housing market.s that there might be easing in house price exuberance , shall we say, whether we call it a bubble or not, we are seeing that the bank of england has legal right to crimp mortgage lending. that could affect house prices. that could affect house to the clippers. is one of the key losers on the stoxx 600. >> here are some companies on the move today. must reducey they the cost of the wind turbine to the more relevant in china. tas is, ves targeting india and brazil. france's economy minister says he wants to keep alstom intact. in an interview, he said he wants to keep the company in its current form through an alliance. he cited mitsubishi as a serious alternative. ge pledged to create 1000 jobs in its bid. airbus says it will keep an 80 to play in order from kingfisher airlines on its books. there is still a chance the carrier might find a buyer. the list price for the airliners is $6.8 billion. airbus suffered a loss this week when emirates scrapped a $16 billion deal. the polls is co

mark carney taking center stage again. numbers released today. google on your phone and in your home. the tech giant is on a mission to put its new android software everywhere. hello. welcome to "countdown." i mark barton. it is 6:00 a.m. thursday morning. on "the pulse," check out our interview to talk about the swiss watch industry. the new york attorney general has begun a lawsuit against barclays. alleging the bank lied to customers masking the extent of high-frequency trading. markets editor manus cranny is here to explain. before we get into this. what are dark pools? why do they use them? >> they have evolved. it is like a private trading venue. it is where institutions can go to execute high-end sell orders without talking about which side they want to be on. otc, referred to as over-the-counter, hence less regulation. is less transacted. >> what is at the heart of this lawsuit? word, lies. lies and fraud. this is under the martin act. barclaysing that pursued the growth of the dark pool regards of everything else around it. they wanted t

and on jay carney stepping down as press secretary. joe remy says they all say a lot without saying anything but gravitas and humor can cover a multitude of sins. carney had neither and tough because he was once on the other side of those questions, but he did a good job under very difficult circumstances. >> bricks up a great job because that job is 24/7, have to be monitoring the news at all times and that gets tiring. >> and you're trying to do work for the president who employs you and at the same time keep the press co-happy which, of course, is impossible. an australian newspaper has published a photo of kate middleton's bare bum a day after a german magazine did the same thing. british papers refused to show a shot of her skirt that blew up by the helicopter and why should the media stick to an antiquated code of etiquette when kate doesn't protect her own modesty? why should the media expose some royal flesh for clicks. >> remember royalty said they had hem weights when they go out? do you know what a hem weight is? >> kind. >>

will janet go for a full carney? line of the day.a look at my twitter account. >> we are exactly where we started before these minutes came out. >> yes, it will come down to janet. >> we will have plenty of coverage of that here on bloomberg television. >> gradual rate hikes. the market has repriced quite significantly over the last couple of days. >> yes. >> you have to be thinking that increasingly the expected rate curve, rate path of the u.s. is going to be much shallower than we anticipated and probably peak lower than we anticipated as well. the market is continuing to price that story in. >> the market is currently foring in 0.6% -- 0.75% september. the market is pricing in 1% for the semper. this is short sterling in the u.k. saying, 1% for december and it is saying by 1.15%.f next year, go figure on your mortgage. do the calculations. >> we will talk more about what is happening in the u.k. manus cranny will be back. we will get more insight later on "the pulse." now, a deal to end south africa's strike is set to be delayed

at the same time, latent print examiner tom carney took a fresh look at these prints, too. he was new to the el paso county crime laboratory. he came from miami where he learned something not many others knew. the fbi's fingerprint database did not contain the prints of everyone in the united states who was convicted of a crime. >> he knew right away that they had not, all these afises out there had not been searched. to the best of my knowledge only two afis systems had been searched. >> i just assumed that it was a centralized network and tom carney was the one that really opened our eyes on that. >> generally, the fbi stores only the fingerprints of criminals convicted of major crimes, not those convicted of minor crimes like burglary or theft. so, carney needed to identify every database that had fingerprints which were not on file with the fbi. >> i just contacted every state and tried to track down every system in every state, including canada and even mexico. >> carney identified 92 fingerprint databases in north america that hadn't been searched for the prints from

they say carney's alleged victims stole the money, and that when carney found out, he and his co-defendant, also a marine, drove the victim to a remote area in orange county, and shot him four times. >> when this case kind of blew up i guess i was kind of looked at as just number one enemy of the marine corps. you know what i mean? >> since he was in jail awaiting trial for the murder charge, he would not discuss the allegations. but in a separate case, he had already been convicted and sentenced to six years for dealing drugs to other marines. and that was a topic he was willing to discuss. >> i'll tell you right now, marines are going to do drugs. they're just like anybody else. you got 18-year-old kids coming in, college age. you know what i mean? some of them haven't even ever drank or anything like that in their lives. first time away from their parents. they're going to screw around, you know. and maybe it's not the best thing, you know, to be providing marines with that. not saying that's what i did, but that's what they charged me with. but you know what, if they don't get it from

bank of england governor mark carney. it should have been centered then financial markets currently expect. -- it could happen sooner. oil rallies as insurgents pture two key cities. elon musk says his patents will be open-source and free. welcome to countdown. i'm an edwards. bloomberg reporters are standing by ready to deliver the stories of will drive your day. caroline hide his year with a look at mark carney's warning to .nvestors ryan chilcote is following the u.s. response to rising instability in iraq. his own way.going hans nichols is in berlin to see why the move may use tesla. the bank of japan sticks to its stimulus plan. john dawson has the latest details from hong kong. that could threaten britain's recovery and rate hikes could come sooner than markets currently expect. that's the warning mark carney gave it the annual mansion house address. business correspondent caroline hyde has been following the events. good morning. how soon will the rates rise? it's the impossible question. stands atmoment it april n

that's what carney said last week. perhaps we have to remember these are two weeks behind what carney said. do expect q3 to come in at 0.9%. and all members agree more economic slack needs to be involved before baseline. >> julia, we got another set of minutes this time from another part of the world. bank of japan reveals a pullback in consumer spending. qe is causing them to fly constraints. monetary policy was kept on hold saying confidence shown in business spending minutes they are on track to reach their 2% inna ig targets, this despite a fall in annual exports for the first time in 15 months and the record 23rd straight month of running a trade deficit. let's get more now from head of japanese equity research of jpmorgan securities in japan. very disappointing rode on the export and the import side. but if you look at external demand, do we still need a weaker japanese yen? and is the boj going to come to the table to help engineer that? >> look, japan is not about exports. japan is about the domestic economy. a

he mixed it up with jay carney on his last day as press secretary yesterday. we'll ask him about that. >>> and later, don't miss a very special segment from the 2014 special olympics. andrea's going to have that to use, so stick around. >>> yesterday was jay carney's last day as press secretary. >> yea! >> eric. he went one more round with our very own ed henry. >> what happened to lois lerner? will the white house guarantee your work to find them? >> as the irs has said, ed, they're producing 67,000 e-mails sent or received from lois lerner. we asked if we would produce them. we did in fact do a search for all communications between lois lerner and any person within the executive office of the president for this period. we found zero e-mails, sorry to disappoint. >> white house correspondent is with us now. ed, does the white house have any idea the enormity of this story, and how arrogant that sounds that they looked and they have nothing, sorry to disappoint? >> well, look, they genuinely believe inside the white house that this is much ado about nothing. w

scandal of carney and ed henry mixing it up. >> why do you tolerate it? >> ed, i don't ask how disappoint this but i will --. >> it is not me disappointing but veterans are waiting 115 days --. >> right and that --. >> nothing personal. >> i am sure jake carney was burned out after three years. did he quit because he reached a point where he could no longer be effective? >> the answer is "yes." that came when the benghazi e-mail was released of the white house shaping the talking point and he said it wasn't about benghazi and at that moment he was a dead man walking. >> every spokesman has to deny and deflect bad stories but how much did that and obamacare and v.a. and the battles of the president, how much did it erode his credibility? >> some of us did not think he had that much going on. >> why? >> a pet peeve is as you have written this administration has drafted enormous numbers of people from the mainstream media to work in the administration and i think it is interesting how the supposedly objective reporters how do they figure they would be incred

mark carney appears before parliament later today.ected be a grilling for the governor of the bank of england. manus cranny is back with the details of what we can expect. the expression that he flip-flopped. the process. what are we going to hear today? going to hear some justification and clarity. justifying why forward guidance is a fluid, changing policy. some of the conversations we have had is saying no rate hike and the governor never said it would fundamentally change the respective when he would change it. inflation is still in check and that was required. you have mark ingram, always playing catch up. ever-changing forward guidance. >> he was questioning the forecast on which of the forward guidance was based and the first place and others will question the forecasting ability. very fair point. the record has not been great when you have that amount of people helping. and clarity and credibility. governor mark carney is said they, anytime he sun will shine, the sun will shine. it is about credibility. it is an evolutionary p

people not want to contradict carney.are not doing the macro. >> the yeah, yeah. , i find ai view it hard to believe that the committees want to like that. carney, another strong comment out of a central banker. mario draghi. his message, we are not finished yet. what should be next? got to speak on the program. i was calling for a long with us on the other ecb people who were there, ramping up the purchases. the bank of england and ecb put up a practical -- about two weeks ago. there is no reason that cannot start a on that in the next couple of months. the plumbing, the supply is in place and the plumbing is largely in place. draghi mentioned about wanting to make a difference between simple derivatives and complex. it is constructed anyway. a lot of the plumbing is in place but they have to draw up supply. that would not drum it up until they turn it on. that is the next thing. all this back-and-forth about if they would do qe. i think the answer is, they are not going to. when some people listen to this discussion, th

that is essentially what carney did last week.ation.ot his .e makes that very clear raising rates today would be wrong in regards to housing. housing -- >> the final line of defense, isn't it? >> it is indeed. is he the most dexterous banker in the world? these are the for guidance. that is the. . we are a must that the point where capacity could be used up. to a certain extent, he is not a tree hugger. >> he's not afraid to move on. >> he is not afraid to move on. that is the important one. reflect backwards as we look at what he said. let's take a look at some of the statements. the decisions are becoming more balanced for some. that they the wording said matters more than anything. more balanced words. >> correct. the arguments discussed around the table -- is it more balanced toward a rate hike? the second piece of that agenda is more evidence of the slack reducing. that is a debate in itself. it is very hard to define. >> 1.5%. >> exactly. those other nuances. i want to show you a chart. i'm kind of going back to the a six. >

tonight, jay carney for the hour. # >> charlie: jay carney is here, the white house press secretary, has served in that role since february 2011. he was previously dtéector of communication for vice president biden. he spent much of his career at "time magazine" including a stint as moscow correspondents during the collapse of the soviet union. his last position at the magazine is washington bureau chief. last week, president obama announced he accepted carney's resignation. >> one of jay's favorite lines is i have no personnel announcements at this time. but i do, and it's bittersweet. it involves one of my closest friends here in washington. in april, jay came to me in the oval office and said he was thinking about moving on, and i was not thrilled, to say the least. but jay's had to wrestle with this decision for quite some time, now. he has been on my team since day one, for two years with the vice president, for the past three and a half years as my press secretary. >> charlie: i am pleased to have jay carney back at this table. welcome. >> charlie, thank you. i'm glad to be her

and, remember, carney is very worried, i guess, about exposed households.tgages who are used to these kind of incredibly low rates, 0.5%, and they're in no way ready for any kind of increase. and he's very concerned that these households start to have fixed rates, start to fix their mortgages, or don't become too dependent on interest rates being low for too long. so a mixture of probably politics, the increased debt levels of households, and how they're affected if interest rates go up. and also, possibly, a split within the mpc. but -- >> the head of the bank of england minutes next week -- we might see dissension in the ranks. >> the statement came after the mpc meeting, but you would expect even if there's growing dissent within the monetary policy committee that that jobs data is going to raise those heckles. they're going to say, hang on a moment, why are we still at this moment? gdp is pushing ahead so far. the only problem is, of course, we still don't have inflation, which is very bizarre. because common sense would tell you if there's so many jobs

mark carney is now speaking.in. >> by doing so, the fbc can allow the mpc to focus on its primary objectives when achieving price stability. and it's not the fpc's role to control prices, nor can it address underlying structural issues related to the supply of homes. our roles includes the build up of credit growth. the process speths for households concern us. uk households that make progress in retaining the balance sheets start from a vulnerable position with debt at 140% of disposable income. the shares high loan income ratios has increased markedly over the past year to a record high. given the momentum in the housing market and the underl underlying footage of housing supply, it's likely the trend will continue. the s.e.c. does not believe household indebtedness poses an imminent threat to stability. these families are more responsible than they were in the past. how, as we've seen time and again how quickly responsible the uk economy. the fcc is concerned an associated significant increase of highly indead

that's what jay carney said and said they had health reasons. when this video came out earlier today. are we lied to a lot? >> the story keeps changing. you know, it was unfortunate sunday to see susan rice. yet again reading talking points and i got to say it makes you wonder, she did this after benghazi, her willingness to stand up and read talking points that very quickly thereafter have proven to be nowhere near resembling the truth and that is what is going on when administration keeps sending senior officials out to talk to the american people and say things that are false. that's troubling. it's also very troubling to know what kind of vetting did the white house do? for example, the white house in my view should release, should declassified the files on the gitmo five. if they say we should hand terroris terrorists, over, the american people deserve to know what they have done. i'll tell you wa yol you we're k they are considering releasing another guantanamo terrorist. i plan to file legislation to halt releases until we get to the bott

." >> jay carney is here. he is the white house press secretary. he has served since 2011. he was rector of communications for vice president biden. he spent his career at time magazine. his position at the magazine was washington bureau chief. president obama announced that he had accepted carney's resignation. >> one of his favorite lines is i have no personnel announcements at this time. but, i do. it is bittersweet. it involves one of my closest friends here in washington. in april, jay came to me and said he was thinking about moving on. i was not thrilled, to say the least. he has been on my team since day one. for two years but the vice president, with us as the press secretary. >> i am pleased to have jay carney back at this table. welcome. >> thank you. >> what was that moment like for you? >> i thought about it for a while. we wanted it to be a surprise. once i got to the president in april and had a sad but gratifying conversation about why it was time, with my children, and the age that they are, we decided the best way to do this was quickly and discreetly. and

mark carney is the governor of the bank of england.ike length night -- last night. it is where he didn't. next to a building and bloomberg news headquarters in london. describinghistory, the pageantry behind the speech that the governor gave us. you need someone from london. jonathan ferro gets it. >> it is a massive deal. i have never been to it, you have. it looks a bit pompous and pretentious. what he did last night was key. it is my morning must-read today. 12 page speech. paragraph. already great speculation about the first rate hike. we knew that it would happen sooner than markets currently expect. this is the take away. 12 months on the job -- he tells the british people. rates will stay low, until 2016. less than 12 months later, we're looking at early 2015, lay 2014. what does that mean for the fed? >> mario gabelli, will we see this replayed in washington? is the fed going to move sooner than we expect? >> i would like if the market keeps going up. that would reduce the market requirement to take some of the steam out of spe

i refer to jay carney as baghdad carney. after a year they may have to go to. they can get phone calls for money and get people all pumped up. they can do -- >> they could vanish. they can do a lot of damage just by sitting in offices and doing what they do. i'm sure they're going to do that. >> if jay carney said they're safe, that is a lie. idea they're going to be in prison and we'll be watching them? that is a lie. none of this is true. >> obama says this is what happens at the end of wars. you can stop prisoners. >> war is the war. imagine if we had in our custody, would we send them back to germany? >> no. >> in 1943 or wait until the war is over before you swap prisoners? >> isn't this the philosophical divide the president doesn't recognize radical islamic terrorism is a real, clear and present danger to the united states? >> i think that we have to give him credit for things that have been done like the drone program. there is another report today, not only are the former guantanamo bay detainees free to go around q

they will not do a carney. mark carney is the governor of the bank of england, taking markets by surprised by suggesting that interest rates could go up in the u.k. >> he has a really difficult challenge. inflation numbers down much less -- we are talking about 2/10 of a percent on yesterday's inflation numbers. ensure the economy does not get ahead of itself in terms of raising inflation pressures, .articularly wage inflation how to see an sure he does not have to raise rates above 2.25%? if he leaves it, there is a possibility has to tighten quite aggressively to put the genie back in the bottle. >> do you think he overplayed his hand with forward guidance? do you think the statement should be interpreted as the big change of direction for the bank of england? or was it a slight change in timing? >> i think the sheer is very very clearis year is that he intends to give more guidance. he is sending a very strong signal to people who want to invest. i think he will provide more guidance. i do not think we will

have jayleased to carney back at this table. welcome. >> thank you. >> what was that moment like for you? >> i thought about it for a while. we wanted it to be a surprise. once i got to the president in sad butd had a gratifying conversation about why it was time, with my children, and the age that they are, we decided the best way to do this was quickly and discreetly. and, what may be wonderful to surprise the white house press corps? with dr. this -- we thought through this notion of them interacting the briefing and catch them off guard. a tough moment. i realized what he was saying represented what i felt about this experience. beenest thing about it has amiddlife to find myself all of these new people, focus on one thing, which is not self interesting. to be on this team, and to make, and to feel as i leave these are people i will want to fight for and fight with forever. --is bit error marco bling it has been a remarkably rewarding experience. >> the relationship with him, he has said you are one of his best friends. you

we showed them to the audience earlier and jay carney didn't know about the communications.ow do you have somebody in the white house, let him stand next to the president of the united states and not check the twitter feeds, see what he said? >> once again, the white house learns from the press like we do. they learn from press reports. they didn't do due diligence -- >> how will they investigate this family, this, you know, bowe bergdahl and with all due respect to him and his service. we owe it to the country to understand what situation we're in now. you used to work for an agency that did that. >> there are classified files on basically everything we used to joke around and say that. it's not necessarily an indicator of very much they may have been looking into what is going on. >> that's normal due diligence. >> there is possibility of a collaborator, whether we talk about that publicly or not and if you have somebody that may have been collaborating, very high offset at all times, they could have taught him trade craft to get around the investigative techniques to figu

jay carney, the secretary for obama, leaving for some life.hank you. ♪ >> this week on "political capital," senate intelligence committee chair dianne feinstein, bloomberg john walcott and lisa lerer on prisoner exchange and this week's primaries. dave lynch on the may jobs report. greenhouse gases and pot reform. we begin the program with senate intelligence committee chairwoman dianne feinstein. thank you so much for being with us, senator. >> you are welcome. >> from what you have been told, do you think that his life was in serious jeopardy wit

we will get his insight into the canadian carney versus the bank of england carney.e will compare and contrast after the break. ♪ >> welcome back to "countdown." i am anna edwards. a time in london is 6:24 a.m. we are back with eric lascelles. you are wonderfully lace to compare and contrast the canadian version of carney and his british reincarnation. give us your thoughts on how he is doing. >> we can see the smartest man in the room. i think that argument is correct. the u.k. has done well to have him. it is interesting some of the parallels that do exist. there are are other factors. he has impeccable timing making a shift to the u.k. >> is that a euphemism for being lucky? >> certainly a little bit lucky. the u.k. has taken off just before he arrived. he finds himself grappling with broadly the same issues. tool.l guidance used as a more quantitative easing wasn't .ppropriate in either country look back at canada's version as well. there. a parallel >> and there is a canadian example there. >> there is. canada under carney did not do a lot about housing. that is

and jay carney as well. now to hailey, idaho. the tweet that i mentioned earlier, apparently, reportedly sent by sergeant bergdahl's father, reading, as i said, i'm still working to free all guantanamo prisoners. god will pay for the death of every afghan child. what do you know about it? did that in fact come from the father? >> we tried to double-check with the bergdahl family today, whether or not that indeed came from bob bergdahl. they were told by the military spokesman who works with the family that they would have no comment on it. but bob bergdahl has been tweeting for some time and he used it as an avenue to gather intelligence. gather information. at times communicate with people. send messages. friends of the family say he has done this always with the hope of creating sympathy with his son and to save his son. obviously that tweet quickly deleted apparently after sent out it is causing a great deal of criticism about bergdahl tonight. >> all right. we will have more from all of you late are on in the broadcast. miche

as i look at this, leslie, let's play jay carney. repeatedly that in fact they would go to congress if there was any such deal. here is what he said. >> as we have long said, however, we would not make any decisions about transfer of any detainees without consulting with congress and without doing so in accordance with u.s. law. at this time we've made no decisions about the transfer of detain knees and in accordance with law, we would be consummiticonsulting with congress should we make decisions about that? we remain committed to the closure of guantanamo bay, as you know, separate from that, that is a process done in accordance with law. >> you're a law and order person. they spelled it out very clearly there. so they violated their own interpretation of the law. >> first of all, you have the signing statement and second of all, i concur with the u.s. contusion in article two with our own defense secretary, defense secretary hel says the president has constitutional the authority. in audition -- >> you didn't answer my question. d

. >> juan, it is fair to say looking at those sound bites we just listened to jay carney was wrong when he said two rogue agents in cincinnati were responsible for this and the president was wrong when he said it was bone headed decisions out of a local office and then he went on the say there's not even a smidgen of corruption. >> again, it's a difference between bone headed decisions -- >> we've seen the emails that take to it the washington. >> what we're seeing is there was oversight. they are trying to figure out how to make sure that these tea party, tea patriot, these various new groups don't abuse irs regulations in terms of claiming that they are nonprofits and tax exempt. and they then i think took a shortcut is what we know for the record that they made bad decisions and said we're going to flag anything that's called tea party or patriots, et cetera. this whole idea we're now to watergate and burning tapes, i mean that, you have to -- that's quite a leap for me. >> it's a leap. not only lois lerner's hard

how does jay carney say one thing one day and the president contradict him the next day?me a president goes on a foreign trip, something bad is happening at home. after he did this, he had to say there's a possibility they will go to the battlefield because there is a possibility. >> they can go back to the battlefield in afghanistan. after a year in qatar, they may hop on planes everywhere. they can walk around and do as they want. they can make phone calls to make money. they can do online trading. they can vanish. they can do a lot of damage by sitting in offices and do what they do. >> today said we didn't negotiate are terrorists, that's a lie. j i'm tired of being lied to. >> you swap prisoners. it's not the end of a war. do you wait until a war is over before you start swapping prisoners? >> this president doesn't recognize radical islamist terrorism is a clear and present danger to the united states. >> you have to give him credit for some of the things he's done like the drone program. there's not report out today that not only are the former gitmo detainees are

. >> jay carney who we know is stepping down is answering questions. and we want to talk to brett more about the book and we'll see what jay has to say. >> it say top priority for the administration to do all we can to help business invest in the united states and support good jobs for the american workers. we can correct more jobs and more companies are choosing to bring job investment to the u.s. we have more reason. >> we'll go back to jay carney if he starts talking about sergeant bergdahl. >> what was your goal of writing a book about what you are going through with paul. >> helping families with tough time and hundred percent of the money goes to pediatric heart research. it just kind of happen and paced on e-mails. and it is a decent read and hopefully will raise a lot of money. >> we look forward to reading it. i love the picture of you and paul. and it is great to see you, brett. we'll be back to jay if he makes news and we have more news happening in washington d.c. >> good to see you brett and best to paul, of course. >> the obama industry a