david: ah, yeah.ouch me" tour name. touching is kind of a weird thing to think about now. but i feel like as the pandemic was winding down before as i started doing stand-up again to like people in masks, half capacity, i was noticing was all people wanted to do was have some kind of physical contact because they were so deprived of it, right? we used to call this sexual harassment but now it's just called being eager to connect. [ laughter ] i also see these couples showing up that it's clear that they've been alone in their home together for nine months and they built some bargain to keep them together. i had this woman halfway through a show, she was listening super eag eagerly. finally when i took a sip of water and she main to talk she was like "i promised my husband he could motor boat you. you're his hall pass." can you imagine? i was like i feel like i'm now part of a war of the roses type situation. like what i just saw you do with that interview right here. i felt like i was in one of those

i drove everywhere. >> david: never, i would never. >> you wouldn't, david? >> david: no.eir bikes backwards, it's different over there. [ laughter ] >> yeah, yeah. >> david: do you have to drive on the other side of the road? >> no, you don't drive on the other side of the road. the driver for the movie goes, that's amazing that you drove from luca to portofino, italian women don't do that. she said, if they did they would be like screaming while doing it. [ laughter ] but no, i felt -- it was scary -- i would pull over if people were too aggressive behind me, just slide over, let them pass. but -- >> david: every time? >> you feel like you're going to die, you know? [ laughter ] >> david: i'm sure. i wouldn't do it. i don't rent cars here in america, i don't like. >> you don't? >> david: it's too much going on. >> yeah, wait -- say that again? what are you saying, david? >> david: i don't know. [ laughter ] no, when i do standup, i go on the road, i sell out theaters. [ laughter ] [ cheers and applause ] do you speak italian when you're over there? you don't know it? >>

david: how long were you in the cia? >> about four or five years. david: where u.s. cia agent, a spy, undercover, or you cannot say even today? >> we were case officers so common parlance fig about us as spies. david: when you are doing that, could you tell anybody what you were doing? >> we had various stories that we told, approved stories. david: did your parents even know? >> my parents knew. david: after that, you decided to go to business school? >> the cold war was winding down so i decided to go to business school. david: so you went to wharton. was it easy to get a job? >> it was extremely difficult. i had a rather iconoclastic class background and was seven months pregnant so it was very difficult to get a job. david: you find that employers are not interested in hiring women like that? >> i had a number of interviews. a member one in particular, a field company because i like making things. the tangible value of things in particular and there we are at a harried fair and i walked in and they say we are not hiring. i understand you not hiring me. david: you

david: and after that?is: i went to harvard business school and got my mba and then went into consulting for a few years. david: but you spent a lot of time in the food world. before pepsi -- after pepsi you were at kraft. was there something about food that appealed to you? chris: i love being in consumer industries. what i really find energy is having a tangible product, and things that people can relate to. when i say i work at pepsi or kraf ort mcdonald's, immediately you can have a conversation with people. the fan thing for me -- the fun thing for me in my current job, no matter where i am in the world, people have an opinion on mcdonald's and want to talk to you about mcdonald's. it makes the job fun. david: you came here in what year? chris: 2015. david: and then you rose up quickly, and then in 2019 you became ceo. the stock is up in the market cap is up 20% so i assume the board is happy. chris: so far so good. david: some of your predecessors and they did not last that long. is there bad karma an

david: why are tanks so important today?cyber and missiles being launched off of submarines, do we really need tanks to help the military that much? phebe: since the dawn of human time, wars are ultimately won -- if they cannot be avoided, they are won with boots on the ground by taking territory. i don't see that paradigm changing any time soon. if we get into a really hot war, you need your tanks and you need your army to take land. david: you have an aerospace division. phebe: we do. david: there the principal product is gulfstream jets. phebe: yes. david: is there a reason why you are not in the military jet business, unlike some of your competitors? phebe: general dynamics, before the big selloff, you recall in the reagan buildup, general dynamics was the largest in the industry. the ceo at the time, and i think appropriately so to some extent, that it was important to liquidate at the end of the cold war. so he systematically went through and sold off units of defense, including what was at the time general dynamics' f

david: and how did the company do?r: the company failed to fail and succeeded eventually in becoming the largest instrument company in the biotech field at the time, which was the 1995 to late 1997 timeframe. we invented a number of new technologies that could be used to study and create equipment. about 900 other people. it was a public company for a number of years. lots of ups and downs. for the period, it was ultimately a successful venture. david: you sold it to perkinelmer? noubar: yes. david: you cashed out, got a lot of money for a young person. did you say, i'm going to retire now or just go teach? or just relax, what did you decide to do? noubar: it was complicated because along the way i had cofounded, co-started a number of other companies. between 1994 and 1997, four other companies. each of them went public, three of them got sold. it was worse than just doing one thing and calling it a day. because i had also sampled doing multiple things, and instead -- so i did not consider retiring. but one thing i di

david: did you study aerospace defense? phebe: [laughs] no. david: what did you study?was a government major and philosophy minor. i got a superb liberal arts background and education. so i learned to write and think in college, two critical values. david: most people that graduate from smith probably do not wind up in the cia, would be my guess. phebe: most yeah. david: when you were interviewing for jobs at the end of your college career, did you tell people, i want to be in the cia? how did you happen to get in the cia? phebe: i had a sense of service to my nation, and it seemed a good place for me. so much in life, as you and i have talked about before, is finding place. and the agency was opening its doors to women, so it was a good opportunity for me. and i really enjoyed the service i was able to provide. david: how long were you in the cia? phebe: about four or five years. david: were you a cia agent, a spy, undercover, or you cannot say even today? phebe: so, we were what were called case officers. you might in the common parlance think about those as spies. da

david: what about the industry generally? do you think they have big challenges now is the defense budget comes down at it? >> i think we are all responsible and have an obligation to find the latest technology we can get for our customers and deliver them in the most cost-effective manner we can, and i think that is a challenge and opportunity for all of the big ten companies. ♪ david: for more than 40 years now, the m1 abrams has been the u.s. military's main battle tank. it is a 68-ton monster that can knock out enemy tanks more than three miles away. the abrams tank was designed at a time when america was prepared to fight soviet forces in europe, but it passed its toughest test in iraq in 1991 when it destroyed a huge iraqi armored force. the u.s. army has 2000 abrams tanks in service, and they are all built by general dynamics. i got to see the abrams up close. sounds pretty solid to me. and watched it muscle through a course at speeds up to 43 miles an hour. to operate, soldiers 18 and older complete a six-week trainin

david: so you have three daughters.usly got a private sector job to help support them and get them through college. you have four grandchildren? what do you do for rest and relaxation? spend time with your children and grandchildren? >> that is joyful, but i would not call it restful or relaxing. my husband and i walk a lot, hike a lot, and we talk a lot. he is finishing his doctorate in ethics, so i find those conversations really stimulating. they are a respite for me, but they also require some mental gymnastics to keep up. david: other people in congress -- not many others in congress would seem to have a spouse in seminary. >> i think when you are in leadership positions, it is important to look at qualities through a moral prism, irrespective of the industry you're in. constantly question, am i doing the right thing? is this the right thing? if you don't ask yourself those questions and your team, you run the risk of failing your team potentially. david: what is the greatest pleasure of being the ceo of general dy

david was the youngest of eight sons, and the story goes that david was, basically, a shepherd boy whoake his father's flocks out. >> altogether, he is one of history's most fascinating characters. he was a poet. he was a singer. >> he's a little guy. he's not a smooth politician. he's not an administrator. he is not a schemer. he is the opposite of all of that. he acts on impulse. david took on goliath, according to the story, because goliath was defying god. he was defying the jewish god of israel by taunting his armies. so for david, this was more than just a battle. it was, also, symbolic of the power of the god of israel. >> david isn't even in the army. his father tells him to take lunch to his brothers, who are fighting in saul's army. and this is the picture that we get painted of the boy, david, right? this punky-little kid, who's like nobody's going to talk to my god like that. right? and everyone else is like calm down, man, you don't know what you're doing. but he's willing to die to protect the honor of god. >> goliath doesn't believe his eyes. he's like, are you mocking m

david: and after that?went to harvard business school and got my mba and after that, went into consulting for a few years. david: but you spent a lot of time in the food world. before pepsi -- after pepsi, you were at kraft. is that right? chris: that's right. david: was there something about food that appealed to you? chris: i would say i love being in consumer industries. for me, what i find energizing is having a tangible product that i can see, touch, feel, etc. and also one that people can relate to. when i say i work at pepsi or kraft or mcdonald's, immediately, you can have a conversation with people. the fun thing for me in my current job, no matter where i am in the world, people have an opinion about mcdonald's and want to talk to you about mcdonald's. it makes the job fun. david: you came here in what year? chris: i was here in 2015. david: and then you rose up pretty quickly and became the head. chris: that's right. david: then in 2019, you became ceo. chris: that's right. david: the stock is up

it had to be david. and there was something disturbing the medical examiner found when she looked at jill, the young daughter. signs of blunt trauma in the general area. to the cops, that meant one thing. he david camm had molested his daughter. and arrest warrant issued out of four superior court. hours after his second interview, the indiana state police arrested david camm again and arrested him in the murder of his wife and two children. it had been three days since the shootings. coming up, accused of murder. and the evidence? a phone call. >> this phone call blows up his alibi. >> yes. >> a t-shirt and a parade of women. >> she was upset. and saddened by. she felt like history was repeating itself. because she said we'll talk about it when we get there. >> there's people he pulls over, flirts with and then eventually seduces them. >> he wanted to have women and his wife was in the way. >> yes. >> she was an obstacle to the kind of lifestyle he wanted to pursue. >> that's correct. >> when dateline c

david: you went to mcgill university. i did -- noubar: i did. david: what did you major in?oubar: chemical engineering. which was an interesting field at the time, because that is the field that first got drawn into biotechnology when that industry started. david: after you graduated you went to m.i.t.? noubar: yes. i was the first graduate from what was called the bio process engineering center. it was the first time engineers were being trained to do advanced work in biology. the notion was this industry was being born so you need engineers to come up with how to make the products. that's how i got involved. david: were there a lot of armenians in this m.i.t. program? noubar: [laughter] i don't think there had been armenians at m.i.t. for many years. i was not surrounded by familiar faces. david: when you got your phd, were you going to go teach? which is what sometimes people do with phd's and that, or did you want to go into the industry? what did you decide? noubar: it was an interesting time. i reflected on it quite a bit. because this was a new field, i have since rea

david: leave vaccines out for a moment. one or two or three things you are most interested in trying to do in biotech that's going to make my life better, other peoples life better. anything to make me live longer? anything like that? noubar: one major theme that inspires us is what we call preemptive medicine or health security. we observe that what we call today health care is really a euphemism for sick care. you have to get sick to get any of it. other than that there is fitness and living a good life, but we know scientifically the beginnings of disease go way before we know we have a disease. if we could intervene at that time and delay or completely deter disease, we have a different health care challenge, let alone lifestyle. currently there is no way of developing products for that field. the fda does not regulate it. insurance will not reimburse it. they need a good disease to do their thing. we have to change that mindset. how can flagship contribute to this, and we are doing this, start five flagship -- five pla

caved david yeah. now -- david: yeah.gal. so if it's, if even "the washington post" says it's illegal, do you think you'll win in the courts? >> well, we absolutely should win. and if not, the devastation that two more months causing is great. it is great for the renter because now they're two more months in debt when it's over, and they need to realize and some of them don't that the rent will be due at the end of it, and if they can't pay the monthly rent, how in the world will they be able to pay the large amount at the end? rental assistance is the answer, and a lot of our housing providers are under pressure. many have not received rent for over a year, and they're expected to still maintain the process, pay the mortgage on the property, and many are going to lose by foreclosure or there'll be out of town investors -- david: well, it's already happening. stacy, i'm sure you know, it's already happening. blackrock and other big wall street investors are buying up a lot of these properties. once again, this happened so

david: and how did the company do?oubar: the company failed to fail and succeeded eventually becoming the largest instrument company in the biotech field at the time. the 1995-1997 timeframe. we created new technologies that could be used to study and create equipment. it was a public company for a number of years. lots of ups and downs. ultimately, successful venture. david: you cashed out, got a lot of money for a young person. did you say i'm going to retire now or just go teach? noubar: it was complicated because i had started -- cofounded a number of other companies. between 1994 and 1997, four other companies. each of them went public, three of them got sold. it was worse than just doing one thing and calling it a day. i had also sampled doing multiple things. and instead -- i did not consider retiring. one thing i did realize was doing yet another company did not accomplish much. i was not drawn into this notion of being a serial entrepreneur. that is when i started thinking about ideas that allowed me to do wha

david: so you go over to netflix.hen somebody is famous and they move, let's say a baseball player or a football play or go to a different team or somebody tries something different, people are always saying this person isn't as good as the reputation. they are going to flop and there is a lot of i would say in hollywood people that do not like people who are too successful. there wishing secretly they will flop. but you did not flop. you had an incredible hit. your first show, bridger 10, was -- bridgerton was the most successful opening show of anything on netflix ever. >> all is fair in love and war. david: were you worried that night whether it would be a success or did you not panic? shonda: it is interesting. i was not scared about the success of the show. that is not my job. i understand that. i was happy by then because netflix was already happy. everybody really like the show. everybody was pleased with that. i wasn't worried about numbers or how i was going to do. one thing i liked about netflix is everybody

david: so you go over to netflix.ow when everybody is -- when somebody is famous, and they move, say that a baseball player or a football player, they go to a different team or somebody tries something different, people are always saying this person isn't really as good as their reputation, and they're going to flop. and there's a lot of, i would say, in hollywood, maybe there's some people that don't like people that are too successful. and so they're kind of wishing secretly maybe they're gonna flop. but you didn't flop. you had an incredible hit. your first show, "bridgerton," was the most successful opening show of anything on netflix ever. ♪ >> all is fair in love and war. david: so when it went on for the first time, were you worried that night whether it would actually be a success or did you not panic? shonda: you know what's interesting? i wasn't scared about the success of the show. that's not my job. i always say that. i was happy by then because netflix was already happy. everybody had already really liked

david: you have a book, as well.reflecting the fact that one of your sisters had told you you always said no. you decided one year, you would say yes to speaking engagements, graduation, commencement speeches, and so forth. what made you decide to say yes that one year and are you happy you did so? ms. rhimes: [sigh] she said you never say yes to anything. all these ended -- invitations i've got. that year, i was on the board of the kennedy center and i went to the kennedy center office and was told, not asked, i would sit in the box with president mss obama. for the honors. -- president and mrs. obama. for the honors. i had a wonderful time and it was a lovely evening and i realized on the way home somebody had asked me if i wanted to sit in the box, i would've said no. i would've said no because i would have been too nervous or afraid or thought, why would they want to sit with me? it was that thing of not having the confidence or the nerves to do so. i would have turned it down because it would've been too stressf

but why wasn't any blood evidence found on david dooley.nd at the scene a match to his. the prosecutor argued the janitor worked every day with cleaning supplies and plastic bags, together perfect for removing evidence of a crime. >> at the time david dooley attacked michelle in that hallway, what did he have with him? a rolling crime scene cleanup parked with a trash bag in the middle of it it is my personal belief that when he left that blowing he took with him a bag containing all of the evidence that was missing from the scene juror >> a cover-up so spotless only a janitor could manage it, said the prosecutor. it was only his story, she said, that was a mess. >> it is very hard for a person to explain how they can't tell the same story twice. in these circumstances, we had four separate statements from him. >> detective mcvay testified it was only in dooley's second interview at his apartment that dooley first mentioned leaving work and going home. >> and i came back here. >> okay, what time did you come back here? >> 6:30, i couldn't g

david: is it a one-off? enda: you have to say, wouldn't there be a rebound when they lift restrictions? but it underscores how fragile things are. if there had been a different order of magnitude, suggesting if there's another outbreak in china, they will clampdown hard and then there's a cycle of more shutdowns a lockdowns and the impact. there is a way out, but there are still a lot of unknowns. yvonne: not just on the fact that they are living with covid, a zero covid strategy, that will weigh on growth, you also have the regulatory crackdown. can china still be a big driver of global growth regionally or do you think it is limited? feon: -- enda: since early stages of the regulatory crackdowns, we've been trying to figure it out, but there is no doubt you can forget about watching the data activity, there is a bigger picture, the whole idea about spreading equality and better income distribution, taking the burden off of families, bringing down the cost-of-living, tackling higher earners. this is big str

david: i appreciate that.resident said yesterday he will make those responsible for yesterday's attack pay but how is the question will ask general jack keane he joins us next when "kudlow" continues. "kudlow" continues. ♪ that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. me too! the all-new buick envision. built around you. all of you. pay no interest for 72 months plus current eligible buick owners get $500 purchase allowance on most 2021 buick suv models. ♪ ♪ ♪ common love isn't for us ♪ buick owners get $500 purchase allowance ♪ we created something phenomenal ♪ ♪ don't you agree? ♪ ♪ don't you agree? ♪ ♪ ♪ ♪ ow! ♪ david: president biden' response to the terror in afghanistan evolving since last david: president biden response to the terror in afghanistan as thousands of a

david: what do you do for rest and relaxation?e you must get a little bit of it, even though you are so busy. shonda: ok, so i recently bought a cello. probably because i saw yo-yo ma play the cello and got really inspired by him, and i have been obsessed for a long time. for years i have been saying, "i am going to learn how to play the cello. i am going to learn how to play the cello." and i have been saying that for, like, 15 years. so i finally went out and bought a cello and i have started taking cello lessons. and that's my new way of relaxing. and it is wildly -- i mean, i am terrible at it right now, but it is wildly relaxing trying to learn something that way. david: why don't you come to the kennedy center and play with yo-yo ma? we can arrange it. shonda: [laughs] i think yo-yo would be horrified with what is coming out of my cello. david: what new worlds are there for you to conquer? in the entertainment world, you are at the top of the profession. i cannot imagine how you could be more successful. is there something e

david: yes.e wait for that, the only thing that keeps moving forward while we debate this is time. financial buying has to think ahead because of the policy lag. she says now is the time to start reducing stimulus. have a listen. >> now that the markup very rolled away the transition from that extraordinary monetary policy accommodations to more neutral settings, it was followed. today's tight economy, as i described earlier, is not for tight monetary policy. i think it does signal the time has, to dial back the settings. david: we heard from esther george. let's bring in a third tied in. giving us his take on what this means for markets. please chime in. guest: when we set up the jackson hole symposium to be a really big event this year, it is usually interesting. it does not always generate a lot of market excitement. i think this year, there is a good chance. jerome powell seems to be boxed into a position where he has no choice but to address tapering and also to do it decisively. he is calli

david: this is my kitchen table and filing system. over much of the past decades, i have been an investor. the highest calling of mankind, i have often thought, was private equity. then i started interviewing. i have learned how people make it to the top. >> i asked him how much he wanted. he said 250. i said fine. i did not negotiate. i did note due diligence. >> i have something to sell you. you don't feel inadequate being the second wealthiest man in the world rate? one of the most successful people in television has been shonda rines. she has taken her skills to netflix. i got to meet her when she became part of the board trustees for the kennedy center. she has taken up the cello. watch out, yo-yo ma. you have shocked the entertainment world when you said that you were leaving abc even though you were there biggest profit source from the entertainment programs in the evening and were moving to netflix, which is a streaming company, so why did you do that? >> i had been looking at what was going on in the industry. television rati

david.id: in case you missed it, wall street thinks the 10 year yield is going to be not as high as they previously thought. you see that through the fourth quarter and that is where you are really getting the sort of bulk of revisions there. this is how they change things up. third fourth quarter all the way to next year. this is the distribution curve. jeffries is all the way at 2%. hsbc about 1%. where does this go third quarter all the way to fourth quarter of next year? we have the forecast from the survey bloomberg did august 6 through 12 and here is how it looks. median is 1.6. median for next year is now down to 2%. some people were thinking 2% this year, that is not getting pushback. in fact, it is quite serious. look at the long-term chart. the rally and treasuries, 1.6% actually gets all the way there so it looks like the trend is consistent for next year. >> so it is hard to break into 2%. you had to push back. >> all right, coming up. we are talking about what this all means for

david o.or stewart is a fascinating account that washington became the single most dominant force in the creation of the united states of america. david o. stewart is a best-selling writer of history and historical fiction exploring topics such as the constitutional convention, the gifts of james madison, aaron treason top contractile an impeachment trial of president andrew jackson. he has won the washington running award for best book. the history cry in the society of the cincinnati and the press award of the national society colonial days of america. george washington's final battle, "george washington's final battle," the epic struggle to build the capitol city in the nation by robert p-letter watson delved into washington's involvement in the establishment of the capitol city and describes how the process nearly tore are young and vulnerable country apart. robert p-letter washington is a professor historian and author with over 400 published books ad hundreds of scholarly articles. he ha

and how david cameron pocketed a fortune. the story of a former british prime minister, and a dodgy scheme that could cost investors billions. it starts in the german town of bremen. i've come here to investigate a bankjob. this used to be the headquarters of greensill bank, until it went bust earlier this year. the bank's offices, and the homes of its former bosses, have been raided by police. billions of euros of savers�* cash looks to have been lost. welcome to the greensill bank. 19705 architecture, isn't it? yes, i think so, yes, you are right. local journalist florian schwiegershausen has been on the case. the regulator had a supervisor in the bank, and they had enough informations to say, there's something wrong here, and we think what's going wrong here is cheating the balance sheet. and, just to be clear, is that criminal? of course that's criminal. yes, yes. the allegations are denied, and the bank's managers reject any suggestion of wrongdoing. but as much as £2.5 billion may have been lost. the bank was part of a

david: as with any story, what is next?orter: the fundamentals are interpreting what this means, particular for offshore bondholders. on the one hand it frees up cash, and provides clarity. on the other hand, changing the shareholder structure does remove them one step from the central locus of the government. there is a little bit of uncertainty. yvonne: for the bondholders, had stakes, who gets at the most? --who get hit the most? reporter: local and offshore bonds are going to be paid, so long as huarong can raise cash by selling assets. that will be a focus, how successful the company is as it pares back business and sells non-core assets. david: it just dawned on me, we have been here since early april, a roller coaster of a story. bonds have tumbled. but we have not had a -- reporter: absolutely. we are seeing that reflected in the bond pricing, over the last month or so, we have seen a slow and steady climb. huarong has continued to pay as bond payments on time. yvonne: the bloomberg's group. let's go to the first wo

and how david cameron pocketed a fortune.is the story of a former british prime minister, and a dodgy scheme that could cost investors billions. it starts in the german town of bremen. i've come here to investigate a bankjob. this used to be the headquarters of greensill bank, until it went bust earlier this year. the bank's offices, and the homes of its former bosses, have been raided by police. billions of euros of savers�* cash looks to have been lost. welcome to the greensill bank. 1970s architecture, isn't it? yes, i think so, yes, you are right. local journalist florian schwiegershausen has been on the case. the regulator had a supervisor in the bank, and they had enough informations to say, there's something wrong here, and we think what's going wrong here is cheating the balance sheet. and, just to be clear, is that criminal? of course that's criminal. yes, yes. the allegations are denied, and the bank's managers reject any suggestion of wrongdoing. but as much as £2.5 billion may have been lost. the bank was part of

david: graham, david here. can you continue the momentum? you had a really good first half.ham: i think absolutely we can. in fact, we have been investing in the nikol business -- the nickel business and aluminum business. we will see production growth in the next few months. we continue to reap the benefits of that. if you look at commodity classes in the second half, they have all increased dramatically. david: speaking of excess cash, special dividend out. not that we are sporting investors, would you be poised to give the same thing out? graham: you look at our distribution totals, dividend payouts, first half it was 73. last half it was 49. refer that it was 78. we are talking about a consistent approach to capital management and an approach to reward our shareholders as cash flow increases. we are positive around that. we would expect more excess cash to be returned to our shareholders, not only dividends, but also by market --. yvonne: we are talking about china here the property market has been in focus. regulators trying to team prices, speculation. they are also cu

she is to read to david that david wasn't blessed with great brains in ethel was. that's extraordinary thing so ethel the real life changing event was going to school and high school which was part of the new deal schools and having been there i can see why it changed her whole outlook on life. it had an almost olympic sized swimming pool and olympic sized library so this enabled the ethel who was clearly a bright girl moved up a year to expand her horizons and she decided that she wanted to sing and to act and to play music. all of that was fine except that she had to leave school at age 15 because she needed to to go onto workprint she needed to go on to work because the family needed her contribution. she could have gone to college. college for women was just opening up but it was out of the question as far as her family was concerned. although she left school at 15 she was really something of a -- she continued her education by going to acting classes in the settlement houses and it was there that she met like-minded people who talked about how to change the wo

and then let's think of the david story. again, david had it all. david was mighty in faith and mighty with the sword. david was a military leader, a great king. you mean, if anyone could be the perfect king, it would be david. there was the incidents. he gets all this power and before you know it, he is staying back from the war and committing adultery and having her husband murdered. could you find a better republican argument that absolute power corrupts absolutely? giving someone too much power will corrupt that person, no matter who they are, even david was corruptible if given too much power. now i want to talk about specific biblical texts. this the is one that i didn't know about growing up. this is a story that i did remember but just vaguely. it's a story in the book of judges, specifically about a judge named deborah. and verse that gets quoted over and over again in various contexts in revivalistic contexts, preaching for revival and war context, especially in war context, is the curse of maraz. okay. curse yemaraz said the angel of lord

david. david: thank you once again, josep borrell. i will give the floor to the coordinators of the iceman's desk coordinators or their replacements for both committees -- i will give the floor to the coordinators or their replacements from both committees. i know many of you would like to take floor in addition to the coordinators. unfortunately, this won't be possible. but we will try to cover as many colleagues as possible. the best is if every one of you speaks to the allocated speaking time of two minutes. we begin with the coordinator. >> thank you, very much. thank you, josep borrell, and colleagues. we shut the assessment we are all devastated. we see this as a catastrophe for the political west. it needs to be addressed. in the short-term when it comes to the rescue of our citizens and our collaborators, thanks to you, josep borrell. i am sure in the background you personally invested a lot to get the 106,000 and hopefully we will get the others. -- the 106 out and hopefully we will get the others. it isn't only the taliban t

david: yeah. we are down early in the session, 2%, 3%. as we were pointing out, inflation coming through later today out of the u.s., a big one to watch. you have different measures of it, whether it is headlines for pce, inflation expectations, breakevens. but i guess the real question is this -- transitory or less transitory. we have heard from not just economist, ceo's have started to talk about wage pressure, and to what extent is that going to feed through to how long this stays elevated? our guys at bloomberg economics think we will stay a little on the higher side in the foreseeable future. what does it mean for the reflation trade, and of course this infrastructure, all this fiscal push coming to the economy at some point? yvonne: you kind of wonder when it comes to inflation, at what point does that hurt the consumer? it does not seem like at this point u.s. consumers are saying these prices are little high, because we are also seeing wage prices going up. banks bring up pay for a lot of

david: i will join you in a bit. in the meantime, not a lot of conviction with the exception of south korea where, by the way, i would not say it is only a samsung story, but that being the biggest story. the worst week at samsung going back to 2020. bond yields have been heading up. we've been talking about the fed , for obvious reasons. mexico delivered a rate hike for the second straight time. we might see new zealand next week, and it takes us into the broader picture in a rising rate environment. for investors, i guess, looking to place their money across asset valuation, it is really about having yields actually bottomed? yvonne: let's get more on that jp morgan called. you have this hawkish sentiment of the fed and evi prices looked pretty strong last night as well, so they are looking at why yields have bottomed, and they say that actually offset what we are seeing when it comes to delta concerns and how that could weigh on growth. that is the quant view from jp morgan. there's still a lot of people saying 1%

david: welcome back. delta world peak growth, one of the key narratives recently in the bond markets. you take a step back here, and it is the favorite chart we kept revisiting the past two years. we are now closing in yet again on $17 trillion worth of negative yielding debt across the world. rishaad: the participation rate expected to climb, but really, no material change in that expected until we get to the students in the classroom, apparently. anyway, you can go to t like to get commentary and analysis from bloomberg's expert editors. david: the divergence has been quite stark. when did that change? do you expect it to change any time soon? >> let's remind ourselves, asia has been underperforming developed markets since 2011, so continued underperformance is not such a huge shock. i think there are pockets of opportunity, pockets of value, but the reality is clients are mobile. clients are willing to invest outside the region. they are not necessarily constrained by investing in asia, and a lot of ou

david o. stewart is a fascinating account of how washington became the single most dominant source in the creation of the united states of america. david o. stewart is a best-selling writer of history and historical fiction exploring topics such as the constitutional convention the gift of james madison aaron burr's treason trial and the impeachment trial of president andrew johnson. he is one washington writing award for best book the history price of the society of cincinnati and the prescott award for the national society of o'neil america. george washington's final battle the epic struggle to grow the capitol city in the nation by robert p. watson delves into washington's involvement in the establishmentt of the capitol city and describes how the process nearly tore her young and old apart. robert p. watson is a professor historian and author with over 40 published books and hundreds of scholarly articles. he has served as a visiting scholar at many historic sites including presidential li