what a fascinating conversation national politics correspond to david cap, denise, and democratic party strategist simon rosenberg. really, thank you both for joining us. today, excuse me. so what's the bottom line? president joe biden believed he deeply believe that he was the only democrat who could beat donald trump. and he regularly said democracy itself was on the line. this decision to drop out of the race scrambled the political deck in america. and that way younger women of color, vice president commer harris is actually leading trumping every battle ground state . true by race within margins, but still fighting was clearly wrong. america's future is up for grabs and the different visions offered by a comma harris tickets versus a donald trump ticket. give american voters a more clear choice. we'll see more of this in the upcoming festival of the democratic national convention in chicago. with this race is now a real race and is nowhere near over, nor determine the implications for the future of america's engagement in the world . almost every level are enormous. and that's the

what a fascinating conversation national politics correspond to david cap, denise, and democratic party strategist simon rosenberg. really, thank you both for joining us. today, next tuesday. so what's the bottom line? president joe biden believed he deeply believe that he was the only democrat who could beat donald trump. and he regularly said democracy itself was on the line. his decision to drop out of the race scrambled the political deck in america. and that way, younger women of color, vice president campbell harris is actually leading trump in every battle. ground state, true by race within margins, but still fighting was clearly wrong. america's future is up for grabs and the different visions offered by a commer harris tickets versus a donald trump ticket. give american voters a more clear choice. we'll see more of this in the upcoming festival of the democratic national convention in chicago, with this race is now a real race and is nowhere near over nor determine the implications for the future of america's engagement in the world. almost every level are enormous. and that's

we're asking the international community to step in immediately because we need more support in his caps. david, i'm just gonna just hold a little conversation here for a moment to give all view as a little bit of context and then i'll be coming to mckay shortly because the democratic republic of congo has been at the center of the reason thought because we've just mentioned that the counts the mold in 90 percent of the reported infections, but it wouldn't be kenya when the new guns have reported that 1st impulse infections in the past month. now those cases of also be identified in nigeria kind of ruins. central african public, south africa, ivory coast, liberia and gone. it is also spot concerns about spreading to other countries around the world. and us we just mentioned, sweden is recorded. it's fast case and pocket stone to has increased screening of passengers. that it's apples after a traveler tested positive for and polk, so we could not view as a home document. gosh, an idea of how far wide this is going. porous borders across the conflict. so have you gotten to d. c, but wendy doesn't

david today. i had was dnc appearance on monday. lucas tomlinson is at the white house. hey lucas. >> good afternoon, arthel. president biden's and cap david for the weekend. his vice presence on the campaign trail speaking north carolina as we just heard from mike tobin. vice president receiving some criticism from some of her remarks outside of the normal precincts or she admitted prices are much higher now than they were under donald trump. >> i will work to pass the first several federal ban on price engaging on food. prices are still too high. a loaf of bread cost 50% more today than it did before the pandemic. ground beef is up almost 50%. many of the big food companies are seeing their highest profits in two decades. and while many grocery chains pass along these savings, others still aren't. >> prices will skyrocket this is a biden/harris have been an office. gas is a bore 50% eggs about the same overall grocery prices were up about 20% which is not news to our viewers. we all feel it every time we go to a grocery store and gas pump one chef eight and on horses remarks. >> most of the time breaking at best but let's talk abou

david: today, aig over the years has been a gigantic company. maybe the largest, at one time, market capnsurers in the world. but then during the great recession, it had some problems. ultimately, the government had to come with a bailout, a $180 billion guaranteed loan or bailout. have you paid that back yet? peter: yes, that has been paid back, well before i arrived at the company. david: did the government make a profit? peter: yes. they made a profit. there was interest and a profit. david: what caused that was too much insurance on high-risk mortgages? peter: it was a financial products product that was credit related and that created an impact on liquidity. david: peter, when you took over as the ceo of this company, it wasn't in as good a shape as it appears to be now, so what did you do to turn it around, and what are you most proud of having achieved in your time as ceo so far? peter: well, the thing i'm proud of the most is the number of people that came to aig and people that stayed to come together as an organization to actually try to improve our underwriting, operation capa

david s.: i think the growth of the market cap is important. we are here to create value for our shareholders. in the context of the last six years, i think we have grown the market cap close to $100 million, so it has been a big move, and we have grown the firm meaningfully from $34 billion, $35 billion to over $50 billion today, but other things are important and lead to that kind of growth and improvement. the first is with our client business and if our clients do not trust the firm or the people serving them, if we are not building these trusting come along serve -- trusting, long-term relationships, we are not serving them. david r.: historically, goldman sachs has made their money with two linchpins. do you still use the same linchpins? are you still focused mostly on sales and trading and investment banking or are you expanding beyond those two pillars? david s.: our global banking and markets business includes investment banking and ogre markets trading business, those are the core franchises from and those are clearly businesses where

they became princes and did not plunder. unpack the speeches, as caps appeared in the scenes of the garadze castle. the 23rd bastards davidound out the knight from the high bank of the nyoman, the father of the day . you didn't bother, just the chestnuts took their breath away, as they knew 6 thousand light cavalry and a hundred forgotten settlements of the knights knew the city and the law and the knowledge of the shawl fell on the side of david. the city is not coming down, the roofs are destroyed. the knights had a good lesson, but david did not foolishly and fell into cunning, abrogated the city, and the scene of navagradka, the capital of the vyalika principality, appeared. the camps were burned and destroyed, the castle was destroyed by the camps and they were stormed. without being hastened, the prospect of a practical change has emerged, both because of the thoughts of the day and as soon as possible, and there, the german guardian is busy: when the brothers returned to the camp a month later, they knew nothing and nothing. the zen lifestyle was spent without bread, and those who suffered from famine slaughtered t

david wilkinson, seen here in the light cap and black t—shirt, was also part of the mob attacking thet him out of here! he repeatedly strikes the windscreen. the 48—year—old got six years for this attempted arson and violent disorder. the court heard the grandfather realised he'd ruined his life. jo makel, bbc news. the train drivers�* union aslef has defended its decision to call a series of strikes on lner, saying the situation at the company is toxic. aslef said its members working for lner would take strike action every weekend between — just after midnight on one september and ten november — after what it called a complete "breakdown in industrial relations." the government has recently agreed a nationwide pay deal with drivers, but aslef says this dispute is not about pay. lner said it was disappointed by the strikes. it's been described as the worst unsolved terrorist attack on the british mainland and this november marks 50 years since the birmingham — pub bombings. the atrocity took the lives of 21 people, and injured more than 200 others. now, campaigners are hoping the city

david wilkinson, seen here in the light cap and black t—shirt, was also part of the mob attacking thehe 48—year—old got six years for this attempted arson and violent disorder. the court heard the grandfather realised he'd ruined his life. jo mekle, bbc news. the train drivers�* union aslef has defended its decision to call a series of strikes on lner, saying the situation at the company is toxic. aslef said its members working for lner would take strike action every weekend between — just after midnight on i september and 10 november — after what it called a complete "breakdown in industrial relations." the government has recently agreed a nationwide pay deal with drivers, but aslef says this dispute is not about pay. the duke and duchess of sussex have spoken to schoolchildren in spanish, as they continue their four—day tour of colombia. they were visiting a school in the capital bogota . more from our south america correspondent ione wells: a colombian spectacle to greet prince harry and meghan. they spent their second day of their trip to colombia meeting more young people at this

david s.: i certainly think the growth of the firm and the growth of the market cap is an important component. we're here. we're a public company. and we're here to create value for our shareholders. you know, in the context of the last six years, i think we've grown the market cap close to $100 billion. so it's been a big move in the market cap and we've grown the firm meaningly. we've taken the average revenues of the firm from kind of mid 30's, $34 billion, $35 billion, to over $50 billion today. but there are other things that i think are very important when you're stewarding a great organization like this that are important and lead to, you know, that kind of growth and improvement. the first is we're a client business and if our clients don't trust the firm, if they don't trust the people that are serving them, if we're not building these trusting long-term relationships and serving them with excellence and distinction, we won't get those other outputs. david: historically, goldman made most of its money in investment banking and sales and trading. those were the two linchpins. are thos

david wilkinson, seen here in the light cap and black t—shirt, was also part of the mob attacking thees the windscreen. the 48—year—old got six years for this attempted arson for this, attempted arson and violent disorder. the court heard the grandfather realised he'd ruined his life. jo makel, bbc news. ukraine says at least two people have been injured by a russian missile strike in a residential area of the border city of sumy. local authorities said two apartment buildings and a shopping centre were damaged. the attacks come as ukraine continues its offensive in russia's kursk region — where ukrainian forces have destroyed a strategic bridge — cutting a supply route. james waterhouse is in the sumy region with more on the significance of ukraine destroying this key bridge. well, it seems that what ukraine is looking to do, alongside drawing in russian troops, is also control its logistics or frustrate supply lines. so we saw, as you saw there, in quite spectacular fashion, a major bridge crossing in the north of the kursk region. it goes over a river that flows into belarus, and t

david's element, the ceo of goldman sachs as he does not expect an emergency cap from the fed.ew moments, people speak to the cfl on the back of those earnings. this is bloomberg. with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. >> good morning from london. i am anna edwards alongside guy johnson and kriti gupta. we are in our way from the openingtr

david wilkinson, seen here in the light cap and black t—shirt, was also part of the mob attacking theife. jo makel, bbc news. a new study has found that the number of children and young adults being diagnosed with inflammatory bowel disease — or ibd — has more than doubled in the past ten years. it's a condition that can cause severe stomach pain and diarrhoea. doctors at southampton children's hospital, where the study took place, say that, while genetics play a part, our changing diets may also be a factor in the rise. 0ur reporter, james ingham, has more. 14—year—old imogen is now fit and well following months of intense pain. she was going to the toilet frequently after eating, she lost significant weight and felt exhausted all the time. over the period of time that i was ill, i lost about three and a half stone. and ijust didn't look like myself and i didn't feel like myself, either. it got to the point where the pain made me actually not want to wake up and not want to be here. imogen was diagnosed with inflammatory bowel disease. but various treatments had no effect, so doctors

this issue as insulin cap issue, is it's a terrific issue for both those reasons. >> jasmine expanding on something that david alluded to and that is the vice president seeking to differentiate herself from president biden on key specific issues or what have you been hearing from folks about what those issues might be where she sees ground and opportunity separate herself. >> yeah. well, one thing that i've heard from harris allies is that they know that there are two policy places that republicans will hit them on. >> that is immigration and that as the economy. and so i think that's why you're going to see her tomorrow. well, in north carolina, lay out how she views at least part of her economic policy going forward, we're going to hear her talking about price gouging now this is something that president biden has talked about. wild in office is something that he focused on, say, the union he's talked about since then, but it just did not resonate in the way that harris allies are hoping that it resonates when she talks about it tomorrow. she's going to talk about rent stabilization. she's going to talk abo

david she has been showing than on the campaign trail. as soon as she announced, she was quick to sympathize with cap his protesters. understand where you are coming from. i will meet you where you are at and we will figure out a way forward to make sure that your views are represented in government. that move was historic. not only that, she pick somebody like tim walz, somebody from minnesota, where the uncommitted vote is the strongest. she has a clear commitment to the voters. this is starkly different from the democratic party of the past. as a young organizer, i could not be more proud, and this is how you turn on the youth about. host: taking your phone calls. phone lines as usual. democrats, (202) 748-8000. republicans, (202) 748-8001. independents, (202) 748-8002. he is joining us ahead of day one of the dnc from that location out there in chicago, live from chicago. i want to thank our partners for allowing us to set up in their building this week as we bring you guests from the democratic national committee should. there is the shot from that building, as we take a call from vincent, oklahoma, republican.

but the tories kept putting on a cap dunng tories kept putting on a cap during the david cameron eracoming up with an arbitrary figure when it is . there's two figure when it is. there's two issues. there is. there's legal migration, and then there is also the issue of the boats. >> you've got to tackle the boats, smash the gangs , smash boats, smash the gangs, smash the criminal gangs. it's so easy. apparently i haven't done it yet. yeah record numbers are crossing the channel every day. kevin. that's going to become an issue . you know, next week that issue. you know, next week that will be an issue, you know, that will be an issue, you know, that will take some time. >> and also you've been too busy.i >> and also you've been too busy. i think the prime minister and yvette cooper the home secretary trying to smash the far right thuggee gangs that have been marauding through our towns and cities. >> all right. just finally, there's a tory leadership contest going on here in scotland. six candidates. they've only got five mps in westminster. there's quite a lot, isn't it, when there'

david. we have a lot of portfolio managers that focus on small caps and they're finding a lot of attractivearnings growth, but i think there is a misconception about the russell 2000. over 70% of the nonearners in the russell 2000 are biotech stocks and i don't think they're meant to generate earnings. if you look at russell 2000 earnings in aggregate it rose 18% of the quarter and it's projected to grow 39% in the third quarter. in aggregate it's not a bad index to own anyways. >> i want to get your thoughts on the broader economic data. pce came in line with expectations. we had gdp yesterday at 3% versus the 2.8% estimate. as we start to get ready for an interest rate cut, how much is already priced into this market? >> we'll never know how much good news is priced in, but i think there was a lot of encouragement in both of the data points you point out. you know the pce core came in at 0.16. the upside driver there was financial services, which is because the stock market is up. it's showing up as inflation in pce core. the year over year is staying at 2.5, 2.6, which means most are thi

david: i was there too. i remember. >> you can't have this idea ever work in america. controlling prices just doesn't work. it distorts markets, causes inflation, reduces supply and the capon buildings collapses. everything looks like it just was made 100 years ago and falling apart. i don't know where these ideas are coming from. these are really bad ideas. david: kevin i want to squeeze one more in, which is the wealth tax, taxing unrealized gains on everything. first of all it has been tried more than a dozen times in europe. almost all of those have failed terribly. i think there is only one country still has it out of more than a dozen. you're taxing, you're taxing unrealized gains not only on stocks but farmland, paintings, gold, whatever you have, not only is it bad policy because it hasn't worked but it also increases intrusive power of big government. they have the right to go into your house, figure out what you have, might have gained that you have to pay more taxes on. big brother writ large, not only doesn't work but it also, increases an intrusive state which most people think is already too big? >> of all the suggestions i heard on taxation i find that the

david wilkinson, seen here in the light cap and black t—shirt, was also part of the mob attacking theleanne lucas is believed to have been one of the organisers of the taylor swift—themed dance class where the attack, which left three girls dead, took place last month. a 24—hour strike by doctors in india is expected to bring all non—emergency hospital services to a halt. the indian medical association is taking the action in protest at the rape and murder of a colleague in a kolkata hospital last week. demonstrations have been taking place for several days in cities across the country. prince harry and meghan have been continuing their tour of colombia, meeting young people in a school in the capital, bogota. because the couple aren't senior members of the royal family, their four day visit to the country has been dubbed a "diy royal tour". our south america correspondent ione wells has more. a colombian spectacle to greet prince harry and meghan. they spent their second day of their trip to columbia meeting more young people at this school, known as one of the top schools in the wor

somebody else in a spokesperson or an end name in the capping of this whispering these things coming to sort of labor to want a better in the problem davidters they know how to get your positions assuming you have one and so i think that having a position are being vague about the position becomes the position and i think that it speaks to the lack of real ability to be a leader is believable. david: with the voters particularly in oil heavy stays or stays where fracking visible in pennsylvania is a perfect example, that is a real real case where to go in either direction right now but there are when their 23000 jobs in his of enya it again on fracking and the oil business in general and $75 billion in economic activity and i don't know how many jobs in north dakota depend upon fracking. kevin: will a whole bunch them david and just member this, it is not just the directed jobs in the fracking industry if you welcome up it is everything across the entire economy in the whole value chain was dependent upon this one technology that works by the way, there is not a state in the united states of america, the distant have some part of the sup

caps not doing well, taking it on the chin. anyways that does it for "the claman countdown." "kudlow" is next. ♪. davids

caps not doing well, taking it on the chin. anyways that does it for "the claman countdown." "kudlow" is next. ♪. davidhello, everyone, welcome to a special edition of "kudlow." i'm david asman in for larry kudlow. as americans continue to struggle with wages that have not kept up with rising prices, a rising fear of chaos, unrest here and awe broad is also setting in. the relative peace of the trump years has been replaced by new wars all around the world as our adversaries have taken advantage of the biden-harris policies of appeasement. florida congressman mike waltz on that in just a moment as former democratic congresswoman tulsi gabbard who just endorsed president trump and is joining his transition team. she will join us later in the hour. you don't want to miss that one. first ashiah hasnie is on the campaign tail where trump and vance are slamming harris on the economy and her border failures. what is the latest, ashiah? >> reporter: david, good to see you. senator jd vance just wrapped up a rally in big rapids michigan. it is a rural part of this state. he is here primarily just up the road f

caps over the earlier in the summer has legs thank you, sir. . >> thanks, maria craig johnson joining us piper sandler quick break pennsylvania senator bob casey, facing off against davidushing kamala harris claims about price-gouging at the dnc last night red apple group ceo yawn catsimatidis would know we are asking if he is price-gouging you are watching mornings admonition live on business" stay with us. ♪ ♪ ♪ ♪ do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. ♪ limu emu... ♪ and doug. (bell ringing) limu, >>> welcome back, several secret service zblz pittsburgh reportedly on administrative leave following inexactness attemp

cap on social security holdings. voters trust trump economically, 49% say trump would be better for the economy. joining me is the club for growth president, david trying to understand the difference in these policy decisions and policy positions from president trump to vice president kamala harris. your thoughts? >> what's happening is the harris campaign is caught between a rock and a hard place. if they continue with the record that biden has of terrible economic policies that have led to inflation, bad economy, very bad policies that have hurt the average american over and over again, or they can flip-flop and move to some new ground that the polls say would be more popular. but what you're going to get is another john kerry moment where essentially kamala harris says i was for it before i was against it. and that just reinforces that she's a weak leader. her biggest problem is that the election is a referendum on whether to continue the biden, harris administration and she's the weaker of the two. maria: well, see, that's what i'm trying to understand because it's the campaign who is putting out all of these like new questions about her pos

david, give me a retailer that's twice the size of target that reports great numbers. >> in market captjx. >> he's sharper than ever. >> i'm ton of it, man. $128 billion versus roughly $66 billion. almost exactly twice the size of target. and even though we'll spend a lot of time on target and probably an equal amount of time on macy's, it's tjx -- >> macy's is $5 billion. >> yeah, and tjx is going to be up, much more profitable. was making this point earlier. it's a much more profitable company on every dollar of sales. they are just making more money. >> what can tie all things together? if you look at macy's, they had to close stores. they didn't close the stores that i wanted to. what happens with that macy's inventory? it goes to tjx. we go to marshal's, we just crush it. every time you go to marshall's, you feel like you crush it. every time you go to macy's, you feel like, maybe i get crushed. >> or home goods is another one you go to. you also find out what didn't work. i can see why that didn't work. >> the home goods candle section is killer. >> really? the signs that say, "m

i'm reluctant to go into small cap because you're buying a future, buying some basket that you can't get out of. and, davidok, these are numbers that up get right before you get a cut. someone traded home depot down, what an idiot. the fed is about to cut. do you know what stock you buy in the first cut? home depot. >> i know the call has been ongoing in terms of home depot whether they are forecasting the slowdown because the consumer is stretched or whether the fact that rates are going to come down is actually why the consumer is waiting to embark on some of those home improvement kind of tasks and are larger projects that would require them to finance and, therefore, waiting for rates to come down. which is it? >> so they do accept the fact there is consumer uncertainty. home depot has done straight line forecast like, wow, okay. it's going like this, going down. woo he have to say it will continue to go down and they're conservative, very good, and it really doesn't matter -- like when they reported, suddenly builders source was up even though the numbers were -- the forecast was terrible, and the rea

david monthly is the world vision direct joint eastern democratic republic of congo. he's us displaced populations particularly vulnerable to the virus. was the viruses spreading throughout the caps? it's actually nationwide, but what we're seeing is particularly in camps where people have been clean conflict. these numbers are been arising precipitously due to the fact that the conditions are so for these a horrible conditions. a lot of sanitation services, really a lack of understanding of proper hygiene, extremely difficult and as such is hitting people and the numbers are going up very quickly, particularly towards children, both in the overall number of cases and the mortality rates. the strain is cause for concern, but as well when people are coming to the camps when they're coming from this conflict, they're not eating. and now there's a many reports of sexual abuse. so people are in a very difficult position, especially children. they are really the ones that are most reflected. so if a child is only really eating once a day or once every couple of days, they're viewed and the system is a little weekend. so the fact that a stronger strain can come and hit these camps mean

david cameron's tens of thousands? can you make a pledge in the studio? so you say that you'd put a capwo questions. one is the tax burden. the tax burden did rise, as it did in many other countries, because we spent 400 billion supporting businesses and families through covid and a cost of living crisis caused by the european war. so that's what happens when you spend a lot of money, unless you're fiscally responsible and borrow it instead. but it was coming down. >> tories were the ones who put corporation tax up, though. >> let's not forget that the taxes were small and medium sized. businesses won't forget that. >> i'm sure taxes were coming down. national insurance, including small and medium sized businesses, were coming down. but we need to do more. but on your point about migration, yes, i do think that we need to have a cap. i think it needs to be it needs to be probably in the tens of thousands. i also think something else that we need to probably have some link between the kind of pressures that migration brings in terms, particularly of housing and the level of migration tha

david cameron and nick clegg not so long ago. so we can get back to that. but the difference between my policy and what happened in the recent past is that by having parliament set that capthe pubuc that cap, it would mean the public would have confidence that it would actually happen this time . i don't pretend it this time. i don't pretend it would be plain sailing. it's a big change. we've lived through 25 years of mass migration, but my point is this if mass migration was rocket fuel for our economy, those 25 years would have just been the greatest period of economic growth and productivity enhancement in our history. as you and i know, far from it. this has been a period of low economic growth and amongst the lowest productivity growth since the industrial revolution. so it isn't making our country rich. and in particular, as you rightly say, it is not making individual citizens of our country richer, which is what we as politicians should ultimately care about. >> robert, thank you very much indeed.thank >> robert, thank you very much indeed. thank you. a bold interview from robert jenrick. will it be to persuade the party to elect him as welcome back . we've just

caps under sven—goran eriksson. he said he was just a delight to work with. davidwas very moving. >> beckham used to say to us, you know , he's so passionate, you know, he's so passionate, he's so intense, he knows the game so well and that can steer a footballer's career. one of the next england manager was fabio capello. okay, he couldn't speak english. he was an authoritarian. he used to shout at the players and they never got anything out of them. >> presumably they didn't know what they were shouting. >> no, no, they didn't know. they didn't know. >> is it interesting? here's sven—goran eriksson's last words. well, look, don't don't mourn you know, i've had a good life. and there's a lovely story about an england footballer. you all know who it was who was sitting at 10:00 in the morning by the swimming pool. and sven turns up with a bottle of champagne and a couple of glasses, and he says, well, what are we celebrating? life. oh, love that, love that. >> right, let's move on. let's talk about ryanair boss stephen colbert talking champagne to limit law. yeah,

david thinks the fed needs to be. we will talk about capital markets. equity futures near session highs, up .8%. small caps economic data. jobless claims deliver the right kind of downside surprise. 232,000, not a massive move. yields are up six basis points across the front end of the curve. dani: i am struck that this is a market trading this as if it was nonfarm payrolls, as if it was a northstar type of report. not only historically this is a noisy print, but this specifically is a noisy print because of the weather and the seasonality. we have put so much importance on this report and that is why you got the manufacturing -- that is why you got the reaction you did. to danny's point, are we going to treat every jobless report this way? matt: it will be exciting. jonathan: do you think we should push this but wait on this print? matt: should not. it is a very noisy number. the start of a recession, we want to claims of 350,000 to 450,000 so we are still well off the number where we see companies firing people are really concerned about their financial condition. we are not overly concerned about a rece

caps off with housing starts. a few more earnings to get to as well this week, mostly on the consumer. but here's the story, davidso for all those chalking up the drama of last week to a growth scare, the fed is way behind the curve, they need to do an emergency rate cut, they have to -- >> we heard it all last week. everybody was recession, recession, recession is coming. >> recession. have you checked the atlanta fed gdp tracker. first of all the changes in the fed fund's future, where the market thinks mts fed is going to go. now there's 50-50 odds they go double in september to try to make up for going too late because of the weak jobs report. we'll get another jobs report, by the way, before the september meeting in the first week of september for august. so we'll see. there's now exuberance we're going to get more cuts than expected. are we in a place where we were coming into this year, where the market got overly excited about cuts and that wasn't justified? that's why this week is important. fed chair powell will speak the following week at jackson hole to help give a signal. cpi no doubt very important.

cap company? really? >> celsius, which is energy drink, and monster, which, by the way, is the best performer from 1990 to the present, not tech, david the rose or whatever you want to say on the energy drink. >> okay. >> the cohort. and they can't reignite it. celsius has the biggest percentage gain of anybody, but you know what? david, there's something that is awry here with the energy drinks, and no one seems to know exactly what it is. >> what's going on? >> i'm going to ask -- >> as usual, nobody knows. >> i think one person knows. jim fitterling. >> from dow chemical? >> these things are filled with chemicals. even though people claim they're natural. i'm going to go to fitterling. >> what's going on with monster? >> really bad numbers. >> down sharply on numbers that were not -- >> the numbers were light. >> this is a $50 billion market value company, roughly. >> what people are saying is that this category, which has been great for so long, has lost its luster. and everyone's trying to figure out exactly why, given the fact that, you know, people are supposed to want the energy and pep and like the taste of it, and this is,

david faber with leslie picker and wilfred frost. we're live at post nine of the stock exchange. >> we are 30 minutes into the trading session. berkshire hathaway topping a trillion dollars in market capa filing last night showed them shed about $5.4 billion of bank of america sales since mid july. a host of retailers on the move this morning, reporting results in the last 24 hours. >>> super micro adding to losses on the month after delaying a 10k filing saying they need more time to assess quote the design and operating effectiveness of internal controls over financial reporting. this comes on the back of yesterday's news that hindenberg has a short position in the stock. those shares down about 23%, month-to-date losses of about 40%. berkshire hitting a trillion dollars in market cap. the eighth company to do so. i believe it's the first financials company to so in the financial sector. >> yeah. geico and the insurers is considered a financial so to speak. and notable as well. for a long time it was an owner of wells fargo and bank of america. it still owns 12% of bank of america shares. but having sold another 25 million, relatively modest, less than a billion dollars so to speak

caps for england. everyone under sven—goran eriksson. all those great games. the greece game with the davidute free kick and the west germany game he played in all of them. so he'll be with us. okay. he'll have a few to tell and we'll be discussing those with him sven—goran eriksson. over many of the front and back pages today. paul is here to talk about him today. >> you know it. it's bizarre because it's almost that we are talking about and paying tribute to sven—goran eriksson twice, because of course, we did this in january when it was announced that he had terminal cancer. and that's when all so many tributes came in. and then obviously, sadly, he passed away yesterday. and then so we're doing the same thing again. and i kind of imagine for sven and i don't know whether this was why it was announced, but it's very rare that you get someone that can actually see the tributes. and i mean, we often talk about we've spoken about that, haven't we, about funerals before. it's like, well, it would be nice to be there and to actually experience what everybody says about you, whereas sven has a

david cameron saying the tens of thousands people say, sing hosannas. if we've got anything approaching that. is that realistic ? realistic? >> what you need is a caplly on that cap. parliament comes to a decision. well what's an appropriate level of migration? take into account some of the things you just said. there are, of course, occasions when we need people with skills to come to the country because we don't have them, but that's not an excuse for not skilling our own workers. we still have immense numbers of people on out of work benefits of working age, and some of those could be doing the jobs which are being done by people that were inviting to come to this country to do them . come to this country to do them. and so, yeah, let's have an annual cap. and let's debate that cap. according to need and give parliament a vote on it as they do, as i said in australia. >> okay. sir john they do, as i said in australia. >> okay. sirjohn hayes, thank you very much for joining us >> okay. sirjohn hayes, thank you very much forjoining us on you very much for joining us on the show. and also thank you to you, chris hope, an excellent interview with pr