for citi group in particular we are way below the levels we saw 13 years ago. why has this persistently not gotten back to the levels but in recent years been such a bad performer? >> it has had fits in starts from expected revenue growth that didn't quite materialize. international is a big part of the story and has grown faster in the u.s. while that fell apart. when i look forward on citi group i see it is trading in a dramatic discount. i think the international operations are going the right way now. and we are seeing growth in north america. i look at citi group and i can envision more potential earnings upside versus current expectations than i can for most other banks. >> what is interesting to me is that other than the rally right after trump was elected, this is some of the fits and starts that jeff is talking about, we saw a great run by the banks. warren buffett owns these five or six of these big banks. he knows it. he still says he would be happy to add to them at these levels. you look at a place like value act, morgan stanley's last big investme

however, with citi group analyst does note is that that stock will not move in any meaningful way untilhe 737 max is back in the sky. joining us now is michael, chief global strategist at weeden and company. they seem to be as volatile as the federal reserve. i bring that up for a reason do you believe this is a steady eddie bet? >> i tell you, it's been quite a journey from over the last six months the bond market and also, you know, from people like us who are watching the fed all the time, you know, if you remember back in october, early october, we were far from neutral the bond market -- the yields of the ten-year up three and one-quarter. expect volatility in the bond market and money market. you don't expect such volatility in the fed i think it's been very interesting. you know, what is ultimately that different in the economy from september through december through the march fomc's, you know, obviously some of the global growth is continuing to weaken the overall picture here is still pretty good. inflation is not escalated to the up side, but it's holding together >>. >> there

he said why do you own citi group and you could read the answer on my face. total dismay i wish we never bought it for my charitable trust so i won't justify the position out here or that is what my gut was saying but my head had a different response you own city group the stock for the tangible liquid value and if you return the proceeds to the shareholders, this is the single most important metric por the bank and if you believe that the tangible value is wiped clean as i do and there is that much cash on hand, then it would be nuts to sell this stock because eventually the darn thing will work higher or perhaps a lot higher in other words, it is illogical to sell the stock of citigroup and no one should rely on emotions to make money management decisions right now it is cheap. trading at about $3 discount to the tangible book value and that is what it is worth if they closed the doors tomorrow. but here is the problem. of course they're not going to close the doors tomorrow so we do the -- will the market will lose the money or the money isn't there to beg

stearns is running to the feds to stay afloat president bush today defended the decision to bail out citi group that in may and freddie macin ask for a total after being million dollars more to sail out could get much bigger than billing even in troubles for the u.s. economy. b. each time the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would wipe out the investors who made risky investments but the rich and powerful they don't want a capitalist system they want to be able to run to the nanny state as soon as the. i mean there are no will or it's an economic sue significantly disagree with the course that we're following people like just stiglitz paul krugman others none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you

higher and higher here's a tweet from tracy alloway another analyst warning of the flow lists rally citi group joins goldman and j.p. morgan and warning the equities rally hasn't been matched by inflows into equity funds buybacks not investor inflows now drive the us market and you know for me if i look. at this it goes exactly with that can tell the facts and the central banks printing money only allowed to go to a certain segment of the population is we have a flow lists economy their money is not circulating we have you know the. circulation the velocity of money is that all time lows like money is not leaving their hands that can griffin so the world are just buying two hundred fifty million dollars properties and will pay five hundred million for the same property next year as long as it keeps going up and has a safe haven for it it's not going to flow into the economy right the money philosophy is dead right so the money velocity would measure of how money is being alone doubt from bank to bank to bank to bank to bank which is a measure of economic health is dead and it the money printin

hardline brick city group within her own party says there are likely to back the deal next week in the days after that there are votes to take no deal off the table with them to possibly seek an extension to the article fifty process but i think a recent events have taught us that nothing should be taken for granted former u.s. intelligence analyst chelsea manning has been jailed again this time it's for refusing to testify before a grand jury in an investigation to the whistleblower website wiki leaks a judge in virginia ordered had detention until she agrees to answer questions or the jury completes its wack manning was sentenced to thirty five years in prison and twenty thirteen for leaking hundreds of thousands of casts a five minute she documents to wiki leaks she was released in twenty seventeen after then president barack obama commuted his sentence. the white house communications director has resigned and will now work on president donald trump's reelection campaign bill shine is a former fox news executive who joined stuff in july he left the network in twenty seventeen and th

and what you have seen in cities, in germany in sweden and elsewhere. groups of people with different cultural values, assimilation is not happening, violence has been rising. what do you add to that? militarily beaten in syria and they are using this route targeting to europe. you understand the big security implications as well. this is completely transformed many cities in europe. damaged the well-being and lives of tens of millions of people and let a huge political change, the things america can learn, a real lesson. >> 57% of refugees worldwide come from 3 countries, syria 6.3 million, afghanistan 2.6 million, south sudan, 2.4 million and in terms of assimilation they are not assimilating because they do not want to assimilate and that is a concern. >> it is a cultural problem, established in cities, groups of people living side-by-side, not respecting each other. immigration can work and be a great success. look at america. it can work but you have to have people with similar cultural values. if you don't, you have got to be careful how you handle it. i

hardline brick city group within her own party says there are likely to back the deal next week in the days after that there are votes to take no deal off the table with them to possibly seek an extension to the article fifty process but i think a recent events have taught us that nothing should be taken for granted doctors in madagascar are blaming a shortage of vaccines for their struggle to contain a west measles outbreak a decades earlier thousand people have died in the outbreak in the last five months most of them children and experts fear the disease will spread further the highly contagious virus is on the rise throughout africa as well as western nations some parents are refusing vaccines study linking the champ to autism. in the philippines protesters of marks international women's day with a march through the capital manila they are calling for the ousting of president. who they accuse of making sexist jokes and comments as well as undermining philippine democracy generally the protesters who are mostly female carried saying low to fascism and sunshiny and to martial law. th

we are back with tina fordham, city groups -- citigroup's chief financial analyst.he mueller report is in. the dynamic has adjusted. what are you most concentrated on out of the u.s. and ministration these days? administrationer was much anticipated but markets will move right past it. we have not seen the detail of the report. maybe we never will. from a u.s. political risk the markets perspective, the fact there are no new indictments, while there have been quite a few already, and the president was not identified as having it ised with russia means basically a win for president trump in the short-term and it is not an obstacle for markets. we do not think impeachment was a high risk for this year. has repeatedly said she was not interested in pursuing that. impeachment risk is down. i never got the sense from global investors that they were hugely concerned. what i do think is the results and the initial remarks that have come from president trump since suggest 2020 is going to be an absolutely bruising u.s. presidential election. vonnie: right. just like that we

supported a 75 million-dollar bond to improve golden gate park infrastructure, worked with a variety of city groups and organizations on a successful tax measure for parks, oversaw the groundbreaking of the world-renowned national eighth grove in golden gate park, and welcome to 70,001 pope for a mass at candlestick park in 1987 that would be john paul ii. former staff members remember her cultivation of a work environment that allowed for creative solutions, and a real focus on working with teens and communities of colour. under her leadership, programs like the newspaper and friday nate fun or launched. after her tenure at the recreation and park department, she went on to consulting for a time, and then from 1998 to 2004 , she was the director of the san mateo county parks department, and in 2004, she became the manager of the sonoma county parks system. she was also active with the bay area ridge trail council. since her retirement, she began writing and has penned many short stories recounting her memories from her years of public service and what i would say is that your legacy more than live

as for some of the big point drags on the s&p 500, not surprisingly, two big banks, citi group and morgantanley are among those. we also have chip stocks trading lower. micron and intel, new investors getting out of the growth of the sector for reasons not known. if we take a quick look at a chart in the bloomberg, we're going to see that this sector, the chips, over the last year, last year caught in this range, starting to round back down into the range on overbought conditions. it may just suggest, guy, we could see greater declines for the chips. the sector a leading sector, could be somewhat worrisome for s&p 500. guy: absolutely. that is a chart to pay attention to. another story to pay attention to, what we're going to talk about next. joining us now, ed hammond with exclusive reporting about a possible deal in the insurance brokerage sector involving aon. give us the details and how close are stpwhe ed: we're pretty close. this is something the two companies have been talking about over the last few weeks as far as we understand. we think aon is potentially going to make a formal

let's talk to kirstie donnelly, managing director at city and guilds group.complex. the freedom of information request we submitted it showed there was a 400 million in 2017 not used. the national audit office have released their report suggesting in 2018 there is a further 500 million underspend. the rules around the levy are rigid. the government agenda to create a responsive system is positive, apprenticeships are the answer to addressing skills issues, but the intractability around how employers can use the levy is causing a problem. what sort of things could that money be put towards? speaking to employers, many levy paying employers are looking for flexibility around helping recruitment, one locker many face has been to recruit new, young apprentices. if you look at the latest data, a lot of the funding is going on existing, older workers, which is still a good thing, but it means the talent pipeline, of future apprentices coming through, isn't happening. employers are looking for more help in how they recruit young people. also, areas such as their abi

she's the managing director for citi group. she's ringing the bell this morning. a lot of high-powered women behind her in honor of international women's day. >> the european markets dropped at the open. asia markets dropped at the open optimistic that this is going to be a great day. you never know with the stock market. sometimes we think we're getting bad news that translates into really bad performance and we can be surprised. >> we have had a lot of roller coaster days in the recent past. that's for sure. it's friday, march 8th. thanks for joining us. >> never more than seven minutes away from your accuweather forecast. here's mike nicco. >> the peninsula, especially the mountains still receiving the best chance of rain. they start in montero and half-mohalf moon bay and above 3,000 feet they mix in with a little bit of snow and that's it. that's where it's going to be for the next couple of hours. for the rest of us, leftover moisture on 87 south of mineta san jose international. dress warmly. mid-30s to mid-40s this morning. there's a chance of a random sho

and i do want to commend the city triage group. they cleared the catacombs in our neighborhood, cleaned up the wharf and bryant street and that's good news. this process is all wrong. the city knows people live in this neighbor and we've been working for more than ten years with the city on structure issues. this process, the city should have contacted the neighborhood and built this proposal. i'm hoping after today and tonight, that a task force will be -- i'm done? thank you. [cheers and applause] >> barbara emeba and tom hurlang. >> good afternoon. any name is barbara inaba and i lived at portside condominiums as a resident since 1994. who can remember way back then? that's 25 years, a quarter century. three, we are directly across strategy from seawall lot 330. navigation have proven to be magnets for people outside of centre. there's assault, theft, drug use, violence, trash and health issues. portside is home to many families and seniors. i'm a senior. physical safety and health to be by those mentally ill, intoxicated or viol

tourism in terms of what happens in parliament next week the deputy head of the hard line break citi group within the tory party has said that they do not expect that they will be backing the deal because they have got significant changes now the showing is that in the days that follow that if the deal is defeated then there should be a vote of actually ruling out no deal and on extending article fifty but it's far from clear whether that will happen in the last hour or so that the deputy head of the business group the c.b.i. said if the deal is defeated and these must get behind something else fast the clock is ticking. nothing thank you very much for that is the name of the nation is live in london thank you. let's get more now top story now we have just managed to establish contact with him and to raise a boat in the venezuelan capital caracas as we told you earlier the palace being off there and throughout much of the country since thursday afternoon so we've been able to establish a connection with you as a has how much power has been restored in the country. well before and mentioned

a group of over 50500 cities, counties, and native american tribes fileded a lawsuit against the sacklers last week, accusing them of lying about the dangers of oxycontin and deceitful marketing of the drug. the new york suit names five

city of the sheikah. hassan herself is also a survivor of the islamic state group's brutality against the city minority. she fled bushy go for dole who can. twenty fourteen when the extremist organization first unleashed its genocidal campaign against the group in northern iraq. as thousands of yazidis fled to dough hook a song put her medical background to use. she visited survivors for consultations com to therapy sessions. twenty nine yet your honor that in the meantime the women's of life is suffering from physical pain lack of slee. fear and anxiety and from severe depression about hide them. in and what the economic situation of the women's of hi thisis is veryry bad. but the social condition is eve. one at home. hasan attributes much of her patients openness with her to the fact that she too is you city. the islamic state group which considers the ethnic minority to be a quote apostate sacked. you'll use eighty men. trained it's boys as child soldiers and forced thousands of using the women and girls into sex slavery. hi tv show dave from early morning until the evening i am waiting and hoping for

but again, working with mod, working with lighthouse, working with ilrc and the key advocacy groups in the city. >> council member madrid: i'm wondering how maem people in the group? >> for the separation study -- >> i think, alex, are you asking about the community working group? >> council member mcdonald: yeah. >> so you're asking if there is a presentation of people with disabilities on the working group? >> yes, there is. we have bob planthold and representatives from lirc -- just lighthouse. okay. so we have a member of our community working group from lighthouse for the blind. >> nicole: i think one of the things we would be happy to do is gather all the opportunities, put them in one place and send them back out to the distribution and to you, so that you can have all the different ways to be engaged in one spot. >> council member madrid: thank you. and second question. >> nicole: i can answer that, too. cristina got the numbers from me [laughter]. those are from the american community survey. as you might remember, department of aging and adult services and mod worked on an info graphi

you know this city and groups together is really. good police fire and really are going good. latin america. thanks for sharing your time with theirs and your thoughts so there's our filmmaker and investigative journalist thank you. thank you so much the u.s. justice department says the public version of a special counsel robert miller's report on the investigation into alleged collusion between donald trump and rush will be released in the coming weeks there are forty said to contain secret grand jury materials that usually off a bit in by law from being released publicly previously republicans blocked a democratic effort for the full public release of the report i don't need attorney general marks interpretation of the report i am for the report and our main thrust on this issue is simply transparency release the report then come to conclusions the intelligence community needs to look at it and make sure that we don't disclose sources and methods or classified information for the country. pretty much what's left i would urge you to turn over to the country. the good the bad

we partnered with city football group, which owns manchester city, we own new york city football clubogether. great partnership, fabulous people. we are building new york city football club. as is our fifth year. we are in active negotiations to get a new stadium in new york. we hope to have an announcement this year. so it's been great. as we go over to london, they have been fabulous offering their resources to us. scarlet: final question about the length of games. the commissioner has an working on lowering the time spent per game. is there an ideal time limit per game? randy: i don't think there is an ideal time limit but we are --ing to condense the teams games. we have done some polling, i think the fans want to games shorter. under the commissioners and union leadership, we are trying hard, a bunch of ideas, a bunch of different proposals agreed upon last week just to get the game more exciting. visits toom six mound five, discussion to have a picture come in facing a minimum of three batters. a lot of proposals on the table but you cannot affect the nature of baseball. basebal

morgan has financed both the city c.e.o. group and the core civic group the two largest private prison and detention center companies in the us j.p. entered into a partnership with bank of america and wells fargo back and last year and twenty eight hundred to raise one point eight billion dollars in debt the bank has been under fire over their complicity in an unjust immigration system here in the u.s. most pacifically the policy of torturing children by separating them from their families nearly two thirds of detained emigrate. are held in for profit facilities while only ten percent of prisoners produce profit for the companies by simply filling the cells. and today we look at the key energy commodity natural gas and there's a major move to the tune of twenty seven billion bucks being made with a humongous natural gas pipeline carolina's expertises energy historian doug ellin boss who joins us from grand rapids michigan usa we love graham rapids and we're so pleased that you've taken the time to join us let's start with some bas

one a group cheeked into the move in because and live in district near the city consulate . the other group went to the nearby wyndham hotel. to leading members of the squad stayed in these rooms. mahar of them as easily matter of the head of the head squats. and so have to buy a forensic expert believe to have been responsible for later dismembering a ship just but it also involved was the head of saudi intelligence in istanbul losing what took to catch it isabella and or put us on a unit or biz up but only just take mr bushell's letter citizen their ability or while it is a measure of us and she lost. a job or. upon. the good of your children or michelle under. the law in the states.

but the main battle ground is a hipster utopia — the city of portland. right—wing groupstown, proclaiming the right to free speech. usa! as an american, i want to know why extremism is on the rise across my country, and who is invading once—peaceful portland, and why. and i've come 4.5 hours south of the city to this town called ashland. hey, welcome to my town. rob cantrall is a local chapter leader of one of america's newest far right groups, the proud boys. how are you doing? right now, he is living in his car, along with all his stuff, his favourite companion, marley, and marley's litter box. rob is divorced, with a daughter and grandson. he works at a local marijuana farm. it's humble, dirty, peaceful. and you haven't even seen the back yet. although it's illegal in most places in america, in oregon, growing cannabis is tolerated, and adults are perfectly free to smoke it. to give you an idea of how many plants we have, about 600. freedom is what rob says he is all about. we are trying to save the way of life. freedom and not let it turn into some oppressive commu—na

authorities for winning lucrative contracts we're talking about the trial of the bourbon group which got under way in the french city of must say today a french group specializes in providing marine services for the oil industry and apparently it played the system very well using judicial indifference in some african nations now the group is accused of bribing public officials in three african countries this is really an hour after proceedings began the court was suspended the defense lawyers for the bourbon group claimed they hadn't been given enough.

authorities for winning lucrative contracts we're talking about the trial of the bourbon group which got underway in the french city of must say today a french group specializes in providing marine services for the oil industry and apparently it played the system very well using judicial indifference in some african nations now the group is accused of bribing public officials in three african countries. really an hour after proceedings began the court was suspended the defense lawyers for the bourbon group claimed they hadn't been given enough time to examine the hundreds of pages in the trial dossier at the center of the trial is mark shockey former text director of the durban group he says the company had an ingrained culture of bribery in order to secure contracts and gain tax breaks for. me at the forefront of this case when actually i'm just a simple employee i'm not part of their world since i arrived at durban a group about what i was seeing there i immediately noticed that there was organized fraud i say well organized scientifically organized. the case came to light in two thousand and twelve when customs

the number of deaths has prompted some townsend cities to form groups to patrol waterways at night. ie died had been submitted to the city council. free tampons and other sanitary products will be offered to every female hospital patient in england who needs them — from this summer. nhs officials say women and girls will be able to ask for the products free of charge. the british medical association had argued it was inconsistent for some hospitals to give out razors and shaving foam, but not offer women sanitary products. andy moore reports. a study last month by the doctors' union, the british medical association, found that many nhs trusts were handing out free razors and shaving foam, but not sanitary products. at present, some trusts in england provide them, others don't. in some hospitals, sanitary products aren't even available in their shops. the new policy will make the products free of charge in all hospitals in england from the summer onwards. the chief executive of the nhs in england, simon stevens, said it was absolutely right that everyone had access to the essentials o