i am abigail doolittle. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let us start with a day-by-day look at the headlines. there was plenty of optimism entering the week as u.s. legislators announced they would strike a deal on border security and avoid a repeat of last month's shutdown. but on monday, the positive feeling suddenly dissipated. shery: border funding talks broke down between republicans and democrats over the weekend, and that is slashing hopes for a deal to be signed before friday's shutdown deadline. what happened? kevin: well, it looks like they weren't able to come together. i just spoke with a senior democratic staffer to a democratic house member who told me the hopes of getting some type of deal or quickly diminishing ahead of the friday deadline. they must have a deal in order to avoid a government shutdown. the 17-member conference committee, bipartisan, had largely been tightlipp

i'm abigail doolittle. this week saw another parade of corporate earnings reports.mong companies releasing results, japanese automaker nissan reeling from the recent arrest of chairman and ceo carlos ghosn. nissan came up short in its first earnings report since the rest of former chairman carlos ghosn november. the carmaker took an $83 million charge related to the andensation of ghosn forecast earnings to fall to the lowest level in six years. cap are the results? -- how bad are the results? >> they were pretty bad. we were expecting them to miss the consensus estimates from analysts and they sure did. they also ratcheted down the fiscal year forecast to the lowest level in six years. is -- on the aftermath of the carlos ghosn saga, third-quarter results are also disappointing. they are seeing slowing sales in china, which is a key market, as well as the united states. --lly against the background backdrop of all of this is the carlos ghosn saga. they will take a ¥900 billion charge on the results tied to the renumeration of carlos ghosn at the center of the prose

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vonnie: abigail doolittle, thank you for that update.oining us now is and lester, portfolio manager and head of time at solutions at j.p. morgan -- head ofement retirement solutions at j.p. morgan asset management. we had a nice few years where stocks were just increasing. the bull kept running, and people really just got back on their feet again. what are the concerns now? guest: i think we are investing in the late cycle. what are the generic market returns going to be? what we focus on one with think about retirement and 401(k) investing in particular, especially for older workers, is the combination of portfolios losing money, what happens in a bear market, and that combined with people withdrawing money because they are retiring, and that is really toxic. we make sure we are ready for where someone is in their life journey of investing. vonnie: these days, what constitutes a safe asset? guest: it is interesting. for a decade, pretty much since the bottom of the market, we have not owned cash in our portfolio. we have a little cash r

it launched the doolittle raid to tokyo on april 18 of 1942. in the battle of midway and was sunk in the battle of santa cruz in the solomon islands. the hornet was an amazing carrier for what it accomplished in such a short time. >> sandra: 140 sailors died the day that it sank. 76 years later this was found 17,500 feet under water. here is a bit from the last living survivor of that raid. listen. >> richard cole has lived a long life. long enough to watch the majority of his fellow doolittle raiders pass on into history. he especially remembers the man who would lead the mission and sit to his left on that historic day in 1942. lieutenant colonel jimmy doolittle. >> they couldn't help but have confidence in him because he exuded energy and ability. >> sandra: can you tell us about him, please? >> dick cole is the last surviving airman of the 80 who took part in the raid. there were 16b25s that launched off the deck on the hornet of april 18 of 1942 to attack six japanese cities. dick cole had a front row seat to history. he was jimmy doolittl

abigail doolittle is with us. abigail: we have small moves to the downside in the u.s.he tech heavy nasdaq slightly higher. when we factor in the fact that europe is higher and the yen is trading down against the dollar, perhaps a mild risk on tone as investors are waiting more news this week on trade. oil is a big risk off. look at a six-day chart of oil. last week the worst day of oil. down about 2% of global growth concerns. that makes the overall picture risk off. here.t a great chart down since the high last year about 13%. still in correction territory from that point. we clearly have a strong downtrend. back below the 50-day moving average. telling you the near-term and long-term pressure is to the downside. this is a risk asset. it could signal weakness ahead for stocks. it tends to lead since commodities are less liquid than stocks. as for what is outperforming inequities, the dow transports up .9%. davis cup 7.2%. shares were upgraded to a buy from a cell. a double upgrade. up as they have operating-- set in target of 60%. siterformance making the risk on case

vonnie: thank you abigail doolittle.he commerce department did say in the data released this morning that data quality were monitored at or above normal levels for this release. that relates to the retail sales report. congress plans to vote today on a border security spending bill to avert another partial shutdown. the question is, will president trump signed it? we are joined by kevin cirilli, bloomberg's chief washington correspondent, live from capitol hill. what would be the upside to the president signing this, apart from the obvious? kevin: no government shutdown, and that is what they are hoping for. if you look at what the president has said within the past 24 hours, it looks like he is signaling he is going to begrudgingly get on board with this. anything could happen. if you take a look at what is in it, not much for what the president originally wanted. it is just about 1.3 billion dollars for 55 miles of building a wall on the u.s./mexico border. another additional $1 billion plus for humanitarian aid, and g

southbound residents are asked to take doolittle drive by the airport to exit the island.t is a growing public health threat in california... and 9- other states.what lawmakers are proposing be done .. about the measles outbreak. if you are watching us on the 'kron on' app - our news coverage continues during the commercial break. visit kron-on- dot-tv to subscribe." "i've lived here for ... forever and i have never seen it this bad."(pam ) to remember the last great flood along the russian river, you would have to be nearly 40- years old.(ken) grant lodes joins us again in the studio... with more on the long history of the russian river jumping its banks in sonoma county. (grant) you can see from these old photos from the sonoma county library ... the river often overflows its banks ... at least five times in the first half of the 20th century.since then, they've become more frequent and more destructive. the christmas floods of 1955 were triggered by two storms four days apart, pushing the river to 48 feet.santa claus visited evacuated families, delivering dinner on a na

doolittle tweeting out this video with the caption, quote, when the server asks if i want a side saladfrench fries. >> oh! >> saying, taking that cabbage, i doare if it's national cabbage day. max scherzer's team ended up victorious in that one. >>> so the capitals in the middle of a six-game road trip coming off a huge win over one of the best teams in the league. they take on the ducks ld er tonight 'll have highlights. >> thank you very much. we appreciate it. that does it for us. ,bc nightly news" is nend we will see you again tonight for news4 at 11:00. good night, everybody. >>> tonight, the dramatic new twist in a bizarre case, whether the attack on actor jussie a hollet was hoax created by him, despiteis denials. >>> what happens now to he thousands of captured foreign m fighters,y from europe, who joined the nks? what president trump says about their arte. >>> we on the front lines in a largely forgotten war, involving iaruss. why it matters to the united . stat >>> they're bringing their bibles, and their guns to church. >> you ow, we pray that nothing ever, everhappens, b if

guy: update on what we know on the global markets with abigail doolittle.bigail: the s&p 500 and the nasdaq are up .4%. outside gains, china, that 9.9%, perhaps with the rally in copper. of night ofasdaq, the last trading days on a weekly basis. take a look at the start out of december. massive gains for the nasdaq over this time period. course, tells you that investors are uncertain about the micro factors. there might be another one to the downside. as for the big movers on the s&p p morgan stanley up for thesoft second day in a row. morgan stanley is bullish on that stock. new record low. $15.4 billion write-down of assets. 7.7% of berkshire hathaway's overall holdings. interestingly, we have a bit of a rally, a decent rally. not really fitting from across the asset class standpoint. the ones for that stocks. guy: interesting stuff, abigail. volkswagen,home of of course. line.start with the top estimates of 236.9. trading at session highs. slightly shy of the dividends. vs. anillion or estimate of 17. slightly up their bank. margin of 7.5%. the 7.3 line

let's check in on the market with abigail doolittle.gail: we have a rally on our hands for the u.s. major averages. let's look at all of them solidly higher. paceech-heavy nasdaq on for his -- for its 11th day. it started in china. look at the shanghai composite index of 5.6%, at the best day since july when index swap up and down wildly. today, clearly the bulls are in control. dive into the sector control, it is a bullish composition. financials, tech, and industrials for the top spot -- and industrials vying for the top spot. the industrials are one of the top sectors. let's look at the big boost for that sector. here, on3%, surging pace for its best a sense 2009 after the company -- on pace for since 2009. wellggests they are going with the turnaround plan. and some movers related to stocks gettingll a nice boost off the china affect. the bulls are in charge of his money. vonnie: abigail, thank you. it is time to look at the biggest business stories. shares of general electric jumped 15% at the open. ge has agreed to sell betsy fina

. -- abigailttle doolittle is here. >> major averages slightly higher. nasdaq up 3%.he doubt now higher. nasdaq had been out .6%. not seen the risk rally we are seeing in europe with the dax higher and other indexes. look at the shanghai composite in china come up 1.4%, the best day in three weeks after being closed for the lunar new year. small moves for the u.s.. looking at the 10 year yield, perhaps the us will follow europe and asia, up and bond selling off and pulling back. that could be an indication stocks might trade higher. hoping the nasdaq outperform to the major averages, let's look at movers including electronic arts, up 7% after massive volatility. they were down 13% and then up 21% combined tween thursday and friday. -- between thursday and friday. aipac legend could be competition for fortnight. buy, ofgraded up to a in 2019 haslysts fewer concerns. mattel, following the strengths of last week. at the nasdaq, while we have strength over the last year, we had a sideways trend, encouraging the down trend over the fourth quarter broken, similar to the dax

guy: abigail doolittle, over to you. here,l: a mixed picture very small moves.t has been down three tens of 1% around the time of the open. take a look at the ftse 100. not a lot of certainty here. we go to haven assets, the 10 year yield bond, we see a little bit of a gain. investors waiting for more information around taint -- trade, what's happening in d.c. looking at what is happening sector wise. we see a pretty even split. sectorshe s&p 500 lower, five higher. haveinancials on the day -- down about a 10th of 1%. this has to do with -- 8/10 of 1%. we look at the individual movers for the s&p 500 relative to the financials. take a look at j.p. morgan and bank of america. both of these down more than what they are now. last week on the news warren buffett had increased his stake, j.p. morgan had a tremendous day with a pairing of those gains and then walmart up 3.4% on their best holiday quarter ever. investors cheering that as specially as e-commerce -- especially as e-commerce rose. beence auto parts had higher earlier but a mixed situation in terms of beat

abigail doolittle has the details.bigail: major averages following global pullback for some other world indexes. of 1%, down about 7/10 the second down day in a row. the dax at near session lows, down 2%, its worst day since the summer 27th. he worst day of 2019 for the german dax. the european commission downgraded economic readings. asia also down 6/10 of 1%. the 10 year yield lower. charte a look at a great of the dax and the s&p 500, it may suggest more weaknesses ahead. and aren't we have the s&p 500. about a year ago they were highly correlated. then the dax started to turn lower. the point now is the german dax has been below its 200 day moving average since the entire selloff of last year, not above it. right now acting as resistance. let's take a look at some of those movers vonnie was talking about. we have the faang trade sharply lower, down 1.4%. investors selling the recent rally, a little bit of a pullback. twitter beat fourth-quarter estimates, but also missed on monthly active users. phillip morris a li

abigail doolittle has that. , theil: for the most part s&p 500 and the nasdaq both up slightly.nvestors trading ahead of those fomc minutes that will come out meeting.the we have gains not so much for china, but emerging markets overall, up more than in a month. emerging markets very sensitive to moves that are both dovish or hawkish. dovish in the case of the pause getting a bit of a boost. it may continue based on some of the charting. let's take a look at emerging markets relative to other global markets in the bloomberg. this is a chart out of the disastrous fourth quarter. what we are looking at in yellow, the s&p 500, the purple the dax. and white, china, and in blue, the emerging markets index. there is a huge selloff. china, the dax, and emerging markets overall had been selling ahead of that. the s&p 500 at an all-time high. it is those emerging markets were covering the most. that speaks to that dovish stance we have seen more recently out of the fed. as to what is moving the markets in the u.s., let's to get some of those movers for the nasdaq. apple up 1.1%. there is

abigail doolittle is here to give us the details. >> near session highs for the major averages.ou can see the s&p average up. the nasdaq up 6/10 of 1% as for the s&p 500 for the fifth day in a row. sectors for the s&p 500, the consumer discretionary space along with tack. -- tech. going into the bloomberg, this is interesting, we have had a big rally of last year's bottom, we look about -- on last years volatility we saw the 200 day moving average buying support for the index. year,ear the end of the that bearish action, then it turned into selling resistance right now against that moving average. it will be instant to see where the buyers are strong enough to turn into support. finally in terms of what's really helping out the s&p 500 from a point boost, let's look at the big winners. ,alph lauren and estee lauder those are helping out that sector. both of these companies put up big beat and boost corridors. -- corridors -- quarters. finally apple and microsoft, apple being the most valuable company in the world again about microsoft and amazon. like the s&p 500 up a fifth day

let's go to abigail doolittle. abigail: take a look at the dow.estors are waiting for more cues amount of earnings season. take a look at the metals. copper is up. gold is higher. copper is seen as a risk on metal. whatencouraging signs of traders think of copper. we do have a rally helping metals. let's look at the dollar index. not doing a lot on the day, but we see coming down from the highs of .2%, so a tailwind. let's look at the individual movers within the metals and mining space. the index is up 3.3%. we have two big upgrades. copper, ave southern double of great at citigroup from a two-way buy. and areysts encourage bullish on copper pricing, similar to morgan stanley last week. those shares of 30% this year, on pace for the best quarter since 2017. marigold also trading higher. take a look at the british pound. this is the three day, intraday chart. we have seen it up 3%. the best three days in three weeks. there is brexit optimism helping out that pound. vonnie: abigail, thank you for that. is deepeningttee its investigation of what it

halfway into the training -- trading day come abigail doolittle is with us.bigail: lots of green on the screen. take a look at the dow and s&p 500, nasdaq, solid gains. higher. investors paring the games to some degree. over the last couple of days and weeks, very strong for the nasdaq. days.over the last 11 investors climbing the wall of worry. ronnie was talking about the ge, up 8.9%. the ceo making good on his promise to help turnaround this company he has known for doing that thing through deals, which seems to be the case. on the air, -- on the year, look at these gains. on pays forup 19%, its best start for a year since 1987. overly what happened in 1987 later in the year doesn't happen. the russell 2000 really a performing up 26% during those stocks are seen as a buffer around trade tensions. speaking of china and trade tensions, let's take a look at these indexes to helping into the bloomberg on the. going back to the december low. if you recall on the day before christmas, we had a selloff in the u.s. then it was off to the races. in the blue, s&p 50

here's abigail doolittle. abigail: a bit of a bearish tone for trading in the u.s.asdaq, and the nasdaq bio index. the bio index down 1.6%. that is a high-growth sector, and there's a lot of talk that this weakness today could be around trade or weak economic data. yesterday the fomc minutes came out a little more hawkish than some expected. there's no sense whether the fed has actually paused in hiking rates or whether or not they will resume, plus the runoff into the balance sheet. some expect that to stop by april. in we have the 10 year yield the biggest back up in about three weeks, pressuring stocks perhaps as investors contend with the idea of the bank may not be on a long, dovish pause. if we take a look at a chart in the s&p 500, the white is the s&p 500, the blue the 10 year that we have here the 10 year yield flat over that time, but the expectation the fed is hiking rates, we have the s&p 500 climbing. here's the move back up and rates we had today. a small move down for the s&p 500, but if that continues it really could play out. as theys trading lower

here with the details is abigail doolittle. abigail: we are looking at a risk-on rally globally.e a look at the nasdaq 100, up 1.4%. european stocks are also revving. 2.6%,a, the nikkei is up best day of the year. so there is relief perhaps from investors around the world of that trade progress could be made this week, and that a government shutdown could perhaps be averted. crude oil trading higher, another risk asset and another segment of the risk asset silo. sector what is happening wise for the s&p 500, you will see lots of green. look at the map in the bloomberg , here is all the green. s&p 500 sector trading higher, financials, consumer discretionary, on the bottom is real estate. the fact that it is lower is actually in the idea that we sentiment.sk-on in terms of what is helping the nasdaq 100, the top performer, lululemon it is. trading higher in sympathy with under armour. take a look at these two stocks. under armour was all over the after disappointing first-quarter guidance, but they did beat estimates over all and reduced inventory. and then this stock did not go d

david: abigail doolittle, think is a much.went from a newly minted phd in physics, to running the regulatory commission, and he has the scars to prove it. we will speak with generate yes -- we will speak with gregory esco. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. i'm david westin. now first word news with mark crumpton. mark: secretary of state mike pompeo is in hungary on the first leg of a european tour. he is hoping to raise concerns about the growing influence of china and russia in central europe. he is expected to point specifically to europe's reliance on russian energy, and the presence of the chinese high-tech telecom firm while way -- huawei, particularly in hungary. and human rights group is urging the united nations to look into violations against antigovernment protesters. sudan has been gripped by protests since december. the demonstrations were triggered by shortages, but quickly turned into calls for the president to step down. human rights watch says video xtreme violence

here is abigail doolittle. abigail: we certainly have a bearish day for stocks in the u.s.nd europe. take a look at the nasdaq 100 in the u.s., down 1.25%, on pace for its worst day in more than a week. , but the down 1.7% technology sector index is down 1.8%, on track for its worst day in more than a month. -- all of this confirmed by a mild bid for the yen. investors frightened a little by global gross fears. we have some underperformers here. marv l technologies down 4.2%. apparently the demand for storage controllers is a bit weak. aftercroelectronics down announcing they were acquiring 50% of capital share. micron down 3.9%. it is not clear what is happening here. if we take a look at the chart of the day in the bloomberg, this may help explain it. this is a three-year chart. in white, the memory pricing. flash in blue. out of 2015, both moving the right way. peeking for the stoxx, then both coming down. but take a look at the stoxx, higher above the 200 day moving average. that may just suggest the fundamentals are telling you this index may drop back down. investors

let's get the details with abigail doolittle.bigail: very small moves for the major markets in the u.s.. fractionally, up for the second day in a row. the dax gaining far more in germany, up 7/10 of 1%. take a look at the emerging-market world index, up 1.4%, its best day in more than a month. this ahead of the release of the fomc minutes later today that will help explain the fed's abrupt policy shift last month. the fact that you have em rallying further out on the risk continuum means it may have a shelf life considering we have a bullish response. bonds pulling back just slightly. relative to that em bounce today, if we take a look at a chart in the bloomberg, it may last at least for a little while. this is a one year chart of that , and we see the long-term range more bearish, but above the 200 a moving average, the bulls really trying to take over. the longer-term chart suggests it could have more volatility ahead. on this day, let's take a look at some of the big movers for the s&p 500. garmin and devon energy both on pac

let's get to abigail doolittle.bigail: we do have directionless markets following directionless european markets. the s&p 500 down about 0.1% at this point. off of the low, but pretty neutral. slightly higher after being slightly lower. not really a strong risk appetite one way or the other. but there is a slight risk off as we go across asset class. the 10 year yield down slightly, telling you haven bonds are rallying. the growth year down ever so slightly. a bigger move if we look at the top sectors and the worst sector for the s&p 500, the communication sector, really lagging. sox up 3.1 percent, being helped out by skyworks solutions, and apple supplier. they met estimates, relief considering sagging iphone sales. they also announced a buy back. look at the s&p 500 telecom services index, being dragged on by some of those gamers, including electronic arts -- on paper, its worst day since 2008 after missing estimates and a very disappointing guide. the week, -- weak, australian dollar. what a dramatic plunge, dow

let's get to abigail doolittle. we are halfway into the trading day and a lot is going on. not too much going on with major indices. abigail: small moves on this tuesday for the major averages. on the downside now, moving between gains and losses. investors wanting more info on trade. we have fed chair jay powell and tomorrow,ay and not a lot new coming out of those comments as you can see by the stock market being flat, but we do have their russell 2000 down half a percent, and relative to the 10 year yield, more sensitive the fed commentary, we saw earlier today, the lows down more than two basis points, right now down more than two basis points. the 10 year yield right around where it was when the fed did make that a policy shift at the investorsuary, so wanting more clues and that is not coming out of the testimony now as opposed to whether or not it is apposite head of more rate hikes or if they are stopped at this point from a tightening cycle. that is influencing the s&p 500. we look at this when your chart, and we see over the last year arrange and battle between th

vonnie: here's abigail doolittle.igail: we do have lots going on from a political standpoint, and of course from a macro standpoint. stocks ticking a little bit of a hit. it's been remarkable how much stocks have withstood all the noise going on, but at this point we have modest declines for the s&p 500 and the nasdaq. the s&p 500. on pace for his first three down days of the year. we also have the russell 2000 underperforming. as for those three days for the s&p, not a big loss. 1%, butut 4/10 of sometimes these have been very suddenly. again, if we were going to swing back down from that 2800 level into a range towards 2600, it could have very subtly, so this could be some. the debate attention to dragging this could be something to pay attention to. dragging on the day, celgene byer opposition to a merger wellington and starboard. apple down about three quarters of 1%, on pace for its worst day in about two weeks. that could have something to do the fact that co-founder steve wozniak said he thinks the company may

abigail doolittle is with us. very small moves for the major averages. the dow and the s&p up fractionally. the nasdaq up one quarter of 1%. hold,ors short of on winning for more information about trade, d.c., the bad, or even as earnings season wraps up. philadelphia gold silver index up 2%. here we have some of the intraday movers. freeport up 7.2%, upgraded over at citigroup. this follows an upgrade last week by morgan stanley on rising copper prices. it seems rising tides are lifting all boats. mining and barrick gold trading higher. copper and gold also trading higher. also helping is the bloomberg dollar index. , this ising to see caesars entertainment -- looking at the dollar in a moment. we had some breaking news, this on the headline that carl icahn and caesars are in talks to seek or representation after carl icahn disclosed a 9.78% stake in caesars, putting him just behind canyon capital as the second-largest shareholders. highs,up 4.1% at session on pace for the best day in a month. index,king at the dollar we have a little bit of a slide, th

let's head over the abigail doolittle. abigail: thank you, caroline.hief technical strategist, driving up. we had this rich rally this year but we also had a rally this month in the dollar. sessions, some people are saying it has to do with the feds. some are saying that it means other central banks, true for the new zealand central banks, credit get dovish, and therefore, the dollar will look at. what do you see on this chart? walt: if you look at the big picture dollar, there is a 16 year cycle, eight years up, eight years down. the high back in 2016 was 103.8 0, then it fell hard. formit has done so far is isit of a bearish rise, 98 the .618 retracement. expect that retracement in a bear market correction. there is precedent for that. no question is, well that be all that we get? will it be able to clear the 98 hurdle or not? because at the 10, that retracement is 100. from 103 to this december low, and this shows that there is a bear market correction. it will not have a happy ending. the longer term trend is down. the question is, will this bear m

let's get markets with abigail doolittle. abigail: the global risk rally continues.ok at the s&p 500, fourth up day in a row following gains in europe with the german dax higher and the nikkei in japan .f 1.2% best two days of the year. we have a risk rally this year right now being driven by hopes around trade and perhaps the aversion of a government shutdown. look at the new zealand dollar. up 1.3%, best day of the year. it is holding off by hiking rates until 2021. that fits in with the picture, growth on growth year currency. risk-o day. nas for driving the risk rally this year, it has to do with another central bank, the fence. taylor -- feds. take a look at the 10-year yield. s&p 500, end of december as the rates went lower on a haven bid, the s&p 500 going low, said became more dovish. -- fed became more dovish. the 10-year yield still lower from where it had been from that last fed meeting. a big driver for this year's risk rally. as for what is driving the gains, let's look at the movers for the s&p 500. one of the top stocks is activision. shares trading hi

guy: here's abigail doolittle. abigail: a little bit of a pullback for stocks globally.ake a look at the s&p 500 and nasdaq, both slightly lower. the s&p 500 the first three down days of the year if this holds at the close. forttle but of a pause here the ftse 100 and the nikkei. let's take a look at that s&p 500 chart in the bloomberg and the range we've had over the last year. we see this battle between the 2600,and the bears around resistance around 2800 and outlying areas. the point in the last few months, especially in that difficult period in the fourth quarter of last year, we see 2800 really held at certain valuation levels, trying to test it more recently, but not so much. this chart looking a little ominous in terms of the sellers trying to push the s&p 500 back down into that range, perhaps below the 200 day moving average, perhaps even below the 2600 mark. as for what is happening below the british of lee calm surface on the day, some outsized -- the relatively calm surface on the day, some outsized movers. health nicely higher, one of the top stocks on the s

. >> just unschooled like liza doolittle. >> henry higgins.ot huge laughs. >> don't consider a move until my fingers have completely cleared the piece. >> what's taking so long? >> but i am analyzing my options unlike your wing-it approach i like to plan a strategy, like a general leading his troops into battle. >> checkmate, schwarzkopf. >> i think "frasier" probably stands as the single most successful spinoff, at least in the history of sitcoms. >> and the emmy goes to "frasier." >> "frasier." >> "frasier." >> we were lightning hot and it was critical for us to be leading the way, not just following. ♪ >> "friends" is about that time in your life when your friends are your family. >> ow! >> when david crane and i lived in new york we were part of a group of six people. we were all attached at the hip. we went everywhere together and celebrated everything together. and there's that period where you're looking to be out there on your own and the people you rely on are the ones who live down the hall. >> here we go. pivot. pivot. pivot! pivot!

all words, words, words, as eliza doolittle said. >> an emergency declaration would be to deal with theim say several times publicly we've got two caravans and there's another one coming. what are the two we got? how did our u.s. military do that? what is he talking about? what is he talking about? >> it was the point i was trying to make last blog. how do you net wigotiate with somebody who makes up facts out of thin air? if you're nancy pelosi, first of all you've tried to negotiate with this guy before and he's always moved the goalposts, he's always changed what he's required at the last minute when you did finally sit down and talk to him and now his arguments actually aren't based in fact at all. so if you're speaker of the house and you've got a $22 trillion national debt, you're really going to give $6 billion away so he as a punch line and a campaign event that's not attached to reality? you can't do that. that's too irresponsible. >> and where there are actually facts on the ground, they are very often created by the president's and this administration's own policies. so congr