mohamed: we'll see carnie today in london.ou go to the politicians and you say i can do it all on my own. that is an excessive burden. i've been carrying it for too long and we need help. we need help from fiscal policy, structural reforms and we need better global policy coordination. jonathan: when governor carnie says that, guess what he does. he moves first. so the question i would ask is has the bank been right all along? sit back. if it's their problem, make it their problem? mohamed: if the central bankers knew back then what they know today, they would have been less active. but this is -- i think the example of a doctor. you don't walk away from the patient. even if your medication isn't perfect, you still are going to help the patient. that's what central banks do. jonathan: you're sticking with us. david: coming up, bond traders seeing warning signs and are moving to cash the 10-year note is yielding less for the first time since the 2013 temper tantrum. has treasuries gone too aggressive? that's next. this is bloom

david: carnie testifies before members of parliament. jonathan: and back in hot water. why the u.s. that let the bank escape prosecution could be in danger of falling apart. welcome to "bloomberg ." i'm jonathan ferro here with david westin right here in new york city. alix steel has got a well earned vacation. for us, david, the focus, a new iphone, potentially the worst concept secret in the world of technology and we countdown with governor carnie, the first public appearance since the big boost to stimulus. david: did he move too far too fast given data coming in which are a little mixed about this recession? jonathan: not when we were saying in july. hindsight is perfect. but you are expecting political

and sure, going for a ride is tempting, but -- "cnn host implicated in death of four underage carniese off the hinges, and next thing you know it was rolling down the street and sending those kids flying. "if i'd had any idea, i never would have taken a ride," says bourdain. no, i don't think so. hard making a buck. but again and again, the seats are loaded with smiling families, the team climbs aboard, and the circus begins again. good luck. may you return to earth safely, with all of your limbs intact. >> anthony: next day in the full moon festival. and whether you're looking out the window at a rural village or at the streets of yangon, what's happening is probably pretty similar, a tableau of dancing, body painting, car-mounted speakers blasting. but it's also three days of merit accruing, the practice of performing charitable or otherwise good works in the hopes of jacking up your karma. money trees are paraded around pinned with cash donations for monks. free banquets and feasts are held. and many moments of spiritual reflection. the majority of people here practice theravada bu

he'll face carnie in november. he's serving as delaware's only u.s. house representative. used to be the state's lieutenant governor. >>> later çtoday, donald trump running mate, mike pence, is scheduled to make a campaign appearance in dunmore, pennsylvania, just outside the scranton. >> the indiana governor who served 12 years in congress got a warm welcome from his former house republican colleague. reporters press pence about the trump campaign support from white supremacist david duke. pence said he and trump have denounced duke and don't want his support. >>> an unexpected and rather gruesome discovery. the interior of the former patterson police headquarters in passaic county was destroyed by fire in 1980. after sitting vacant for 36 years, the building will be torn down and the site redeveloped. monday night while crews were taking measurements inside the old building, they founded it a man ace skeletal remains inside a holding cell. officials believe it's a homeless man who accidentally locked himself in that cell ten years ago. >>> the samsung galaxy note 7 is n

carny. mr. carney: mr. stumpf, i represent the whole state of delaware, soirg 500,000 people. one of the bigger districts here in the congress. we're a banking center as you may know. we don't have a huge wells fargo presence. could you look in your book and find out how many fraudulent accounts were attributed to people who live in the state of delaware so i know what we're talking about? mr. stumpf: i can tell you how many accounts that the p.w.c. analysis could not rule out. these aren't -- mr. carney: your commitment is to make right each of these accounts? mr. stumpf: right. delaware, let me see if i have this number right. 4,255 accounts. mr. carney: my responsibility is to make sure and your commit s-to make sure each of those accounts will be -- you will make right by those people. mr. stumpf: we're going to contact every gostit account. every credit card cuss torme that we can make contact w we'll try to contact all 565 in your district, your state. looks like there's 1,793 cards. and i don't know how many of those won't be wanted versus wanted. we'll look for the sec

>> well, for us to me one of the very important statements by governor carny, first move the base rateis points to 25 basis points, but he's very clear he does not want to go to zero and he does not want to go into negative territory. we think that's a very positive and correct statement by the bank of england to make. a couple things, one, this funding for extension of credit to corporates in the uk, but also changing the calculation of the leverage ratio excluding uk treasuries from our leverage ratio. these are efforts to sustain the profitability of the uk banking sector, which i think is a very smart thing to do. it's not just about capital. it's also about the profitability of your underlying banking sector. so i think the base rate move was correct. we transmitted that base rate move to our entire mortgage portfolio that night and was the first british bank to do that. so we think the policy is good. and, again, i think that's one of the reasons why we're reasonably constructive of what the uk economy may do for the next year. >> but you service so many multinational companies,

carny. mr. carney: stumpf, i represent the whole state of delaware, soirg 500,000 people. one of the bigger districts here in the congress. we're a banking center as you may know. we don't have a huge wells fargo presence. could you look in your book and find out how many fraudulent accounts were attributed to people who live in the state of delaware so i know what we're talking about? mr. stumpf: i can tell you how many accounts that the p.w.c. analysis could not rule out. these aren't -- mr. carney: your commitment is to make right each of these accounts? mr. stumpf: right. delaware, let me see if i have this number right. 4,255 accounts. mr. carney: my responsibility is to make sure and your commit s-to make sure each of those accounts will be -- you will make right by those people. mr. stumpf: we're going to contact every gostit account. every credit card cuss torme that we can make contact w we'll try to contact all 565 in your district, your state. looks like there's 1,793 cards. and i don't know how many of those won't be wanted versus wanted. we'll look for the sec