ed: >> the world' s meeting in paris to cfa meeting -- to see if a meeting -- an agreement can be reached on global warming. your take? >> and has not been a focus as an issue. >> our focus is on isis and terrorism. >> sea levels have risen. there has been cooling for millions upon millions of years. this is one more cycle. >> come over here and blow us up. >> what is your level of confidence that something is stored may happen? >> i do not think it will be binding. >> they can do it. >> you have confidence? >> i do. >> how optimistic are you? >> not so much. >> this is not a political statement. paris, that will be the end of it. where is the end? great to have you with us. >> climate change took a backseat for most americans when all of these events happened. is it possible the nra will lose its grip on congress? >> it is possible and time. this is someone who is a hillary clinton has done that. it sounds like this is not that. it sounds like it is a case of the kind of terror we have been dealing with from outside of the country. we have to do something. people who believe in the secon

when you look at the cfa institute, the various firms you ever get over the years, can you tell a 24-stics? >> i think there is definitely a future. i think the role of analysis, as the world is getting more global is more complicated, it absolutely crucial. i think it is possibly how we package our products that might change over time. if you think of the next 10 years, we've had quote -- why so far a bucket approach. i think over times, clients want to be able to exploit opportunities, business opportunities, but be more agnostic about where you get it. caroline: but can you do this in a new way? you have disruption going on. a great piece but on internet. what about the efficiency in the asset management? i can go out and pick my own stocks now via the internet. >> you can, but you still need some advice. the other important thing is what it is doing to our industry, paying for research, paying for good research i think is definitely something that will continue. it is just shuffling. caroline: research in terms of the big old -- >> no. tom: caroline hyde is day trading off her des

cfa. [applause] >> thank you. [inaudible conversations] [inaudible conversations] exampf boston, the election went off. >> "washington journal" continues. host: alberto fernandez way to encounter the islamic state's social media campaign. forre the court nader counterterrorism communications. explain what the office doesn't how tries to achieve its goals. guest: that was a small -- looking atting al qaeda propaganda before the great rise of isis. reallyop shop issue a treated with less significant than advocates. since i've retired from the government, i do not know what they are done in the past year. it was always a small operation. tiny. i testified in front of the house in 2012 and the chairman said, you are the head of the smallest organization to ever testify over this organization. people, some of them detail ease from other parts of the government. a handful of people focusing on social media, operators in the languages, arab village -- arabic. then we added a tiny english program at the end. that is what

cfa. [applause] >> thank you. [inaudible conversations]

interest rate and future earnings a new discount them at a lower rate, -- tom: are we going to take the cfaothe second thing, more your point, if you break down the performance of equity markets, there is an element of buying back shares. but there is an element of legitimate earnings in there. i certainly would not dispute that. talkingctivity we were about earlier -- globally terrible. what drives earnings growth? productivity, more people employed. we have almost employed everyone and productivity is terrible. tom: bring up the downed chart. this is the most extraordinary u.s. market we have seen before. i'm going to call this the most unloved bull market ever. i look at the sustained fuel there. and house after house was at the minimum it is a low single-digit world. actuarially that does not work for our retirement plan. >> yeah. it is far worse than that. you can take that whole story one step further into bonds and look at all these european insurers that are gearing three for -- that are guaranteeing 3% growth. there are a lot of things going on that you not make sense. the equity m

he went and got his cfa and is now advising rock stars on how not to squander it when you are young.ident obama and jerry seinfeld as they share a cup of off the and discuss cars, cursing and busy world leaders. -- crazy world leaders. ♪ >> this is a sweet car. >> check this out. , thought the coolest car american made, for the coolest guy ever to hold this office. >> your winning a lot of points with me, right now. david: are any of you who do not recognize what that is, that is president obama and jerry seinfeld and a beautiful 1963 corvette stingray. on jerry latest guest seinfeld's series, comedians in cars getting coffee. the episode shows a lighter side of the president who owned up to his profanity up to taking office. that stuff or stupid stuff is happening every day, so you have to be able to just make fun of a lot of it. that was even dumber and more annoying than usual. that is when kersey is really valued. -- cursing is really valued. david: i saw this and it's quite something,. i think it is also an amazing series. brendan: i think it is great the president is doing this

thank you for coming out on this day in a lot of great information shared so thank you for coming to cfaconversations] [inaudible conversations] defense secretary ashton carter will be on capitol hill tomorrow >> roberto fernandez joins us to discuss the effort of social media and on line messaging campaign which fernandez previously served as coordinators of the state department first gigi counterterrorism communications. explain what that office does and how it tries to achieve its goals. >> guest: there was a small operation founded in 2011 under the leadership of secretary clinton to try to begin to address to look at the question of al qaeda propaganda or the great rise of isis. so the idea was there would be a one-stop shop that would focus on that issue. they have always said how important this was for them and for the west to the u.s. government maybe we treated with less importance or significance than our adversaries have. that was the idea. >> host: what are their resources? >> guest: since i've retired from the government i don't know what they have done for the last year. wa