rather than china or india. and also this idea he has a very hard line stance against mergers, at&t time warner. what impact. >> there's a couple of things in there. one is jobs. one of the things that is about the election is about jobs in middle america. the goal is not to bring back jobs that are competitive jobs. so to bring back manufacturers that's not really what we should be doing. telling apple to bring the jobs jo on shore, sort of in that sense, that's not the right way to think act it. we need to train the population about what are the future jobs and make it competitive and innovative in terms of market leadership and businesses for the future. i think in terms of the markets, the cash could in theory accelerate some of that activity if you will. having said that, it's not that hard for tech companies to get debt against balance sheets sitting overseas and do it anyways. >> it's a signal. >> another thing to think about is how he conceives the world and what that means for things like borders. if we

fair trade means that in many cases when you are dealing with some of the foreign countries, china or india, we have exports and huge tariffs and we do not demand tariffs from them and so -- trish: in other words, who wins in that case? global investor, the people with capital invest and the worker who winds up losing his or her job in the meantime is the by-product effectively? >> the by-product really is. number one, our economy is being held at the federal reserve. when you have zero interest rates essentially, you build bubbles. you have bubbles and they're going to blow up. in real estate that's starting to go up a little bit. in every what. >> -- trish: you brought up the fed. i want to ask you, watch this clip from this morning, fed chair janet yellen saying how she's going to work president elect trump, here she is. >> i was confirmed by the senate to a four-year term which ends at the end of january of 2018 and it is fully my intention to serve out that term. trish: she's saying she's going to stick around. what are your thoughts on janet yellen and how do you think she's going to

thom: the vast majority of drugs are made in china, india or europe. caller: not even in europe.s the last country that produced aspirin. all of the aspirin you buying this country is made in china, there is not one single producer anymore that makes aspirin. and so it goes for most countries. in india, there are several large companies, pharmaceutical companies, and they are still selling stuff over here. thereend consultants over because they have been lying about test results and all of these things. the only thing that stops us from importing drugs from other countries is because they don't want the prices to drop here. thom: thank you so much for sharing your experience with us. i used to live in vermont, in montpelier, about 7000 people. bernie sanders, this was back in 1998, he was our member of the house of representatives, and he organized classes. every saturday downtown there would be this bus, and you would see mostly older people getting on these buses. montpelier is- two hours south of montreal, and they were driving up to montreal to buy their pharmaceuticals, beca

. >> host: the vast majority of the drugs sold in the united states are made in china, india, or europe. >> caller: even in europe. >> host: european -- >> caller: france was the last country at that time produced aspirin. all the aspirins in this country are made in china. not one single producer anymore. so it goes for most countries. and in india, there's a large company, pharmaceutical okays and they have a consent agreement with the fda and they're still selling stuff over here. the. thing they do, they're sending consultants there to supervise everything because they were lying about test results and all these kinds of things. the only thing that stopped us from importing drugs by ourself from other countries is because the don't want to the prices to drop here. >> host: thank you for sharing your experience with us. i used to live in vermont, and in montpelier, vermont. a town of 7,000 people but the state capitol. and bernie sanders, in 1998, a member of the house of representatives and he organized these buses that would -- every saturday, and downtown, there would be this bus

they are in trouble not because of obama or the policies, there is a structural assessment. china is rising for indiang. they've taken advantage of the order to move ahead. the countries rise and fall. it is on the national symbol for liberty give us your tired, poor, hungry. >> it seems they have toned back towards the center. look at how much this will cost. >> if i could interrupt, we have to be looking at a second term to look at some of the promises made so maybe you can expect him to tone it down in the second term bu that he would maintain t >> i would sort of agree with my colleague. the one his hostility integration we should expect the party will follow that given the scale of the victory so we should expect it to change drastically. we are likely to see something along those lines and depending what they look like as we get a little deeper into 2017, i suspect we will see major changes along the lines of what paul ryan has proposed. >> places do indeed go up. >> it was down about a thousand planes and it's a cycle now that nobody understands at the moment because of the times of the financ

that he makes going to be scrutinized and is the news story going to be he has hotels in india or interested in chinaone easy way to take the problem off the table is to do what every prdz and most senior leaders in the country have done and say i'm completely removing myself from control of my wealth. >> do you actually believe he will do that? he will set up a real blind trust? >> i don't. i don't. look, i see no -- i have seen nothing since the man was elected to suggest that he is changing in tone, which is actually very disappointing to me. right out of the box on his victory speech, he talked about infrastructure. some of us said thang submitst'g we can work with him on. thehe brings steve bannon to the white house, no, i don't have a lot of confidence he's going to do that. >> tell me about one appointment of a man you know, mike pompeo. you sit on the intelligence committee with him. what do you know about him? what's he like. >> i know mike very well, and i consider him a friend. two things about mike pompeo. one, he's a decent guy, a hard-working guy, a smart guy, and he knows the intellige

or not. now, that includes places like china and india, that they only drink tea, so it's a little skewed. but, tea has really sort of been taking off what we do is we offer loose leaf tea by the ounce, and you can buy as litlte as one ounce. we're not going to force you to buy more than you want. you can also have a cup of tea, any of our teas, steeped to order, and it's done in to-go cups, because there's nowhere to sit in here. there is plenty of room to sit in the arcade itself, and it's a great atmosphere to go out ng now is she's taking one of our flavored white teas, which is ginger pomegranate - that sounds good - weighing it, we always weigh our teas, and adding it to the brewer, which is just a vessel that will hold the water in there. we have hot water on tap, either at 170 or 200, depending on which tea we're using. we're doing a white tea, so she's using the lower temperature water right now. up the container. that container will sit there for about two to three minutes, depending on the tea, and check that. we try to have a large selection of tea, and we have exclusive teas t

china, india and russia. >>> where getting a look at the one reshaping america's trade policy including renegotiating or withdrawing from the north american free trade agreement. stop transpacific partnership. , stop unfair imports, bore the tax rate and regulations on businesses. >>> fans blessed evans for sitting down during it was to protest donald trump being elected president. now he is saying something much different. key release an apology saying, i want to start by apologizing to all the us military members, their families , and the fans that i offended by my actions on sunday. he went on to say this sunday i will be back just ending with my teammates. >>> the family of a man gunned down in saint petersburg is begging for someone to help what police described as an ambush style attack last month. his family is pleading with the shooter or anyone who has information to come forward. crime stoppers is offering a $3000 reward for a tip that leads to their arrest. >>> police are trying to us -- to track down a woman that hit a bus and then drove away. the bus driver and the students on board were know who this

whatsoever, but you can't hang out at state dinners and meet the prime minister of india or the prime minister of china in those states and know what's happening where and when. people get away with things but you're dealing with countries now and the presidency of the united states. and he can't get away with it because the media will not let him. i don't think he does want to get away with it. he needs to make sure he doesn't have a conflict. >> a minute ago the new s broke from "the washington post" that his charitable foundation admitted to violating in 2015 self-dealing rules that say you cannot ruse your charitable trust to pay off business dealings. we have never had anybody walk into the white house and say, we're going to do things differently now and we're not going to do it just because of the way it's always been done. and the obama administration in the last 8 years has made it so difficult. this country. >> made what difficult? >> to do business with all the regulations. the nlrb, the eeoc, the labor department, changing one rule after another through executive order or passing this or gi

my former company, i'll tell you every time medtronic put up a factory in india or china, we added threetates, r & d, marketing, manufacturing process people. so this myth that somehow putting a factory up overseas makes no sense. look at ford, they put big cars in detroit, expanded workforce and added workers in mexico. is that a bad thing? of course not. you need to stay with global economics and compare it to workforce events. >> the rise of automation, one of the economists we were speaking to is probably more responsible for the loss of jobs than actual movement of factories overseas, but this is only continuing, bill. it's only going to be more and more of an issue as machines replace people. >> you're 100% correct. and the people in silicon valley worry the most about a.i. this is going to get a lot worse. businesses need to move forward so they can handle extremely complex computer aided design, machines, everything else. the manual jobs are going away. what's the answer? you have to upgrade the workforce. it's not just about getting a college degree. it's about having skills. if

china to india as well as the e.u. have reaffirmed their pac with oro the without the united states -- to the packed with or without the united states. molly: hundreds of thousands of tourists and residents are being evacuated following a powerful earthquake monday that killed two people. it has been estimated that 80 to 1000 -- 80 to 100 landslides have been caused in the tremors since. work has begun to cover the nuclear reactor intra-noble, the scene of the worst ever nuclear disaster. the concrete and steel shelter will hide the remains of the reactor that exploded in northern ukraine in 1986. in a bid to contain any further follow. elliott richardson reports. elliott: it is a bid to prevent fallout from the worst nuclear disaster of all time. 108 meters tall, weighing around tons, the arch is the largest movable land-based structure ever built. at a cost of $1.6 billion. the dome, built away from the scene of the accident, which is still deemed too radioactive, onan moving over the area monday. it is heck did -- it is expected to -- it will then begin to dismantle the reactor, which is being contained inside a hea

the plants built around the world won't be in europe or the united states which they will be in china, india, russia, several countries in asia, their first plant, turkey, jordan. we want to make sure the proliferation and safety of plants is maintained which we have a national security, maintaining international activities, especially safety. the future of nuclear power. i want to make a concluding remark. the task force is completely unanimous in its report, a wide range, unanimous especially unanimous on the point that if the united states does not take an initiative like this the nuclear option won't be considered. that leaves open the broader question senator feinstein addressed, does the country need this? is a practical thing we can do given the fact we have a changing administration and there are widely ranging different views on that. it is not the case that everybody but our task force believe the country must do that though we all believe if you don't do something like it there is no possibility of nuclear power. a set of people say what is the consequence of not having that gener

china walking up and filling the gap. there is an opportunity. there has been a parallel trade conversation going on around that isg called or step led by the saudi and arabian nations plus china, india, and others. that does not include the u.s. the focus is naturally on the shift in negotiations, which is .ind of a silver medal tpp it does not offer the same reduction in tariffs or breakdown of barriers to internal markets, but it is a massive regional trade deal, probably as good as these asian governments can hope for on a multilateral basis. the focus shifts to china, and china's role in these talks around the process, and what can be delivered on the table. if those get across the line, it will be a master trade deal that does not include america, and that is certainly a negative. francine: thank you so much. enda curran, our chief asia correspondent. our guest is a global strategist. the other is chief international economist at ing bank. thank you for joining us. tpp, i know we have had record highs on some of the u.s. indexes. market is sothe focused on the fact that it is going to reflate the economy. are they discounting any damage from trade? >> i think the immediate acti

china, brazil, india, and european union who are already playing a big role in the negotiations. so the other nations who are willing to commit themselves to the paris agreement can move forward with or without the u.s. on board. of course we all want to have the united states on board. >> reporter: each country needs to demonstrate instead of relying on others. and she called in japan especially to play an active role. japan used to be a key player in combatting climate change but was slow to ratify the paris agreement. takafumi terui, nhk world. >>> let's get the updates in business with yuko fukushima. >> hello. as we've just seen in the report, many government officials are worried about the position of the next u.s. president. i understand in the business sector, business people are interested in finding opportunities. >> that's right. decided to invest in one of the largest biomass projects in the uk. more in a moment. in other news tonight here in japan, banks extend record lows to the real estate sector. the government will offer smaller mid-size business incentives to have higher wages. >>> let's start with markets and the dollar against the yen. the dollar advanced about on

china, brazil, india, and, of course, european union who are already playing a big role in the negotiations. so the other nations who are willing to commit themselves to the paris agreement can move forward with orithout the u.s. on board. of course, we all want to have the united states on board. >> reporter: she says each country needs to demonstrate on what it can do instead of relying on others. and she called on japan especially to play an active role. japan used to be a key player in combatting climate change but was slow to ratify the paris agreement. takafumi terui, nhk. >>> concerns are growing about the rise of hate attacks on minorities in the united states after trump's election. a civic group received more than 400 reports of intimidation and harassment since his victory. the group warns that a trump presidency could fuel white supremacists at other discriminatory movements since he repeatedly made disparaging comments about imgrants while campaigning. the group says the main targets are immigrants and black people and that many of the cases have taken place at schools. an american reporter described the situation at another school. >> reporter: in jacksonville, florida, high school

or not. a couple of things that need to be done. china and india for example need to play a greater role in what they're doing. here the united states we have reduce carbon emissions more than any other nation around the world. that's a good start. when i served as mayor of our state's largest city, i voluntarily put a green roof on city hall. the only mayor to do it on the state without taxpayer money. we entered on the state without taxpayer money. we entered into conservation agreements focused on making sure that we were be an energy conscience and energy-efficient. those are some of the steps i've taken and i would continue to take if i was able to service your next member of congress. >> clearly it is a result of an man-made. i'm surprised to hear congressman say that it's not proven. if you've talked to any young people democrats or republicans they want us to take actions. i spent four years in the natural resources committee and i know there are great problems but i'm optimistic about the solution. they're using about 30% green energy righ

china, like an india. >> the average -- >> no, no, this is important. >> the average investor watching is not going to distinguish between -- or take the time to distinguish between one emerging market -- >> they should. >> people are invested in the eem. do you buy it or not? just tell me. >> no. >> no. >> no, you don't. >> that's what i'm getting at. it's the most heavily weighted in korea. the eem. you have to know what's in these etfs and if you want brazil you trade the ewz. like i say i'm stay iing away fm that one now, scott. >> that's the one down 7%. >> yep. >> financial stocks are on a tear rising nearly 10% in the past week coming off their best day in five years following the results of the election. for more let's bring in bank analyst mike mayo of clsa. good to see you. thanks for coming back. you raise d your price target o every single major financial institution after the election of donald trump. >> well, we've raised our price target several times this year since we were on your show in the spring when the bank stocks were at a low. bank stocks are keyed up for outperformance. this is the end of a seven-year drought. seven years banks h

india and other countries, 16 altogether. off, thatn bring that is a huge political, you know -- job for china,l because it will influence and integratesh china orhina into those asian economies. but let's face it. without the u.s., china has really got open here anyway, because china is the biggest trading partner for every country in asia. get political influence. it's a win-win for china, even off some ofpull these other trade agreements its working on. >> thank you so much. well, let's turn now to to ourng very close hearts here in the gulf. oil is continuing its climb, a three-week high on renewed optimism that opec to cut will agree production next week. our reporter joins us now for more. anthony, i want to start with a chart, which really highlights some of the uncertainty currently happening in markets. if we take a look, this is speculative positioning data cftc, showing that money manager positions in total highest sinceir 2007. that is both long and short. essentially that no one seems to know what's going to happen. should we be on the lookout for, in terms of what opec might week?ce next >> well, we're all looking for the potential

china and india. we are stepping up governmental investment as well as spending within the space. in terms of opportunities, we anticipate educational technology or ed-tech, one of the fastest growing areas growing at 17% per year over the next four years. it will hit about $252 billion by the end of the decade. and to put it in perspective, despite the year-end which we live, only 2% of education around the world is actually digital. the second is kindergarten through secondary, which is the largest area of spending around the world. the third is publishing and content. and then the fourth is student housing and accommodation. >> so i just want to ask, i hear what you're saying in regards to a college degree earning more and their prospects are greater, et cetera, but doesn't that apply to my generation? like, 20 years ago when you were graduating and you were in university versus kids today, because in business today, i have a choice between hiring somebody who has a b.a. in social sciences or something like that versus somebody who knows how to navigate social media, for example, who has a zillion followers and knows how to connect the dots. i

it is certainly a message coming from our own people more or less suggesting things are waiting to rapidly. of india, chinathis is creating a level andnxiety which is for real we have to accept that and give the appropriate response. it's a problem for all advanced. economies. jonathan: when you ran the ecb it was always looked as an opportunity for more europe. is that still an opportunity or is that now the problem? in a way we had a lot of decisions which were taken in the crisis to cope with the crisis. decisions taken in the open governance. we have of course the banking union. these are very important decisions which were taken in the crisis and have to be implemented. me that more europe is absolutely needed in the domain of defense, security. police a federal border clearly with the migration and so forth. we have a lot of things to . it is not really disputed. it's difficult. europe is a historical endeavor. we are making history in europe. one has to accept that. to make history is not easy. it's complicated. you do not have a blueprint. made of aas not blueprint. it was the u.s. citizens that cr

or live video, excuse me. when you think about it, what is the growth opportunity in china? not great. what is the opportunity in india where mobile penetration is really low, at least on broadband. they need to squeeze out some of the existing platforms, like what's app, oculus and instagram. we talked about this before. the guy who runs their messenger is the former paypal president. they're going to monetize messenger is probably not the way you would think. with advertisements. it may be through peer to peer payments. and that is a good thing, if you're worried about the growth overseas not -- as robust as in north america. >> it's a good thing for the company. no one has value on what's app or messenger. they have value. >> $300 billion market cap. >> 10% -- it's not that big a deal. if you think about the risk/reward for this company based upon where these businesses could be and the kind of growth. that's why, again, i agree. you can't get carried away here. but we're talking about put it in the context of tech names. and i think we framed this whole discussion about is this the end of the tech rally if faceboo

actually think this is a democrat or republican issue, this is an issue of how do we strengthen our country. we only have 330 million people. china has 1.4 billion, india 1.3 billion. we have to compete with them to the future. we can't afford to waste any of our people. >> cornell, here's part of the issue in ohio. martin savidge, who was just there, spoke to black voters about what is the issue? why no turnout. here's the conversation he had with one of them and i want to play it. this is specifically about hillary clinton. listen in. >> i'm not a huge fan of hillary myself so i don't -- i think it's -- i think in every community it's going to be that way. >> reporter: is there as much excitement as there was four years ago? >> i don't believe so. >> interesting, two different voters. four years ago barack obama was running but you heard who the first man said. in every community i think it's going to be that way. this teem seems to be that way. this seems to be a hillary clinton specific problem. >> i don't think that's the case. the reason i don't think it's the case because hillary clinton and donald j. trump may be at the top of the ticket but th

it being a structure in which we wait out here for a decade or two decades whether people will comply, we look at laws imposed in china, indiabrazil, costa rica, in the united states in which compliance is now being promoted. take a look at the alternative, i think, there are a series of noncompliance. the only country to ever go through it was canada. canada didn't want to comply and essentially decided to withdraw. there is a process where there are not these kind of consequences that canada is, in the u.s. is in. that is a much, much better outcome. it doesn't appear to have much less force. it appears from our current indicators that we will meet these. countries are on trajectories to implement their targets. they have put in policies for individual actors to take them on. that shift in the model is what made it possible for the countries to join. so far suggests that countries will meet their objectives. >> in terms of countries meeting their on objectives, the united states under paris will lower emissions 25% to 28% from 2005 levels by 2025. but there is a lot of analysis showing right now it is not clear even given

china, korea, brazil, india and, india and south africa will join the global economic community and lift hundreds of millions of people out of life-threatening poverty. americans will invent or reinvent industries that will create more wealth in the next 30 years and has been created in the entire history of humankind. technology will dramatically improve the lives of all americans and most people around the globe, and america will continue to be the world's wealthiest's wealthiest nation with its most productive workers. that would've been incredible if it was come true. imagine if this speech continued my fellow americans, of all the new wealth our country produces, 95% will go to the top 1% of income earners. a few hundred wealthy families will amass more wealth while the bottom 50% of us to combine. the bottom 80 or 90% won't see a dime of increased pay and the a dime of increased pay and the bottom 50% will have to take a pay cut. we are going to export manufacturing, in port, divest, detect, deregulate, globalize, we're going to break the unions, bankrupt our pension system, shred the funding for urban and rural, make that precollege a thing in the past. were going to

or not. there's a couple things that need to be done. first of all, china and india for example need to play a greater role than what they are doing in the united states. they produced carbon emissions more thanany other nation around the world, that's a good start . our state's largest city, i volunteered for the green roof on city hall, on the only mayor to do that in the state without taxpayer money and i entered into conversation agreements with manchester focusing on making sure we were being energy conscious and energy efficient. those are some of the steps i've taken and some of the steps i would continue to take should i be able to serve as your next member of congress.>> miss shea-porter. >> clearly it's a result of man-made activity and i'm surprised to hear the congressman say that it's not proven. if you talk to any young people whether republicans or democrats they want us to take action. i spent four years on the natural resources committee and i know that these are here but i'm optimistic about this, somebody is using less than 30 percent of energy rig

but it's a message coming from our own people which is more or less suggesting that rings are going to rapidly. andcompetition of india chinathe i.t. --technology of all this is creating a level of [indiscernible] and we have to accept that message and give the appropriate response. it's a problem for all advanced economies. ecb,han: when you ran the it was looked at as an opportunity for more europe on the back of a crisis more broadly. opportunity orn is that the problem? way, we had a lot of decisions which were taken in the crisis to cope with the crisis. there were new decisions taken in the open ever nantz and open economy govern nantz, the macro economy. union, theseanking are very important decisions taken in a crisis and have to be implemented. it seems that more europe is what we need in the doubling of security will stop -- security. we need a federal border police with the migration. we have a lot of things to do it seems to me. it's not really disputed but it's difficult. is a historical endeavor. we are making history in europe and one has to accept that. to make history is not easy. it's complicated. you do n

or not. there are a couple of things that need to be done. first, china and indiato play a greater role in what they're doing. here in the u.s., we have reduced carbon emissions more than any other nation around the world. that's a good start. when i served as mayor of our state's largest city, i voluntarily put a green roof on city hall. the only mayor to do it in the state without taxpayer money. we entered into conservation agreements focused on making sure that we were being energy conscience and energy-efficient. those are some of the steps i've taken and i would continue to take, should i was able to serve as your next member of congress. ms. shea-porter: it is clearly a result of man-made activity. i'm surprised to hear congressman say that it's not proven. if you talk to any young people, whether democrats are hopkins, they want us to take actions. i spent four years in the natural resources committee and i know there are great problems but i am also optimistic about the solution. they're using about 30% green energy right now. we need to do it in this coun

but globally in china and india, japan. 40%ie: it got a 30% to basis point rise. will that hold? or heard earlier from julie hyman, you mentioned saying that would all get erased. douglas: it won't. a tortoise economy. it is growing slowly, but it is a synchronized move across the markets. that is a positive. yields will not go up fast, but it is an indicator of economic and we see this in u.s. corporate earnings, up for the first time in six quarters. that is positive going into 2017. vonnie: when the market decide it would close in october? you've say it has all to do with the jobs report and manufacturing data? >> there is so much emphasis on tryingction that we are to get good economic numbers. manufacturing in particular. across the board, it has been positive. theumer spending around world, it is not great growth, but we are seeing a turn. the canary in the coal mine is definitely corporate earnings. third quarter, 2016, positive earnings. we have not seen that in a while. that is a with of what is going on. vonnie: do you say, don't worry about the election? you know what, i

or down crazy process, which is difficult. it ise want to develop is just like taking a space elevator. of tale withons china's bid to compete in a space race with the u.s., russia, indiaountry aims to build and operate its first playstation by 2022. it wants to send an astronaut to the moon by 2025, and an on-demand vehicle on mars. in october, china sent to ashen knots into orbit for china's longest mission yet. -- sent two astronauts into orbit for china's longest mission yet. is still frontier dangerous, and a long way off. half an hour after lunch and 12 kilometers above the earth, systems failed. the mission was aborted, and the fate of its crew is sadly unknown. right, let's have a look at the trading day. hong kong, shanghai, there we go. moving up 3/10 of 1%. we did have weakness when it came to the japanese markets, triple digits losses, .6% lower, this yen moved to the upside against the dollar after recent weakness, helping exporters to depress the market over there. .3% lower on the asx 200. in the next hour of "bloomberg markets: asia". nations reach agreement and is december a done deal for the federal reserve. those are the questions. ♪ rishaad: almost