dr. lipsky and dr. mann. this is jim jordan -- this is a joy.efing coast-to-coast on bloomberg radio. bloomberg daybreak, a terrific move forward in an update on morning news. -- and an update on morning news. this is bloomberg. ♪ francine: this is "bloomberg surveillance." this friday, coming up, coverage of president trump's speech on his administration's iran policy. that is that 12:45 p.m. eastern and we understand that president trump is expected to refuse to certify that this accord with certified is efficiently in favor of u.s. interest. we understand he will fall short of abandoning it. in the meantime, in the last five minutes, the german ministry of foreign affairs says support foring the the deal. iran is a good step in the right direction. let's turn to brexit. european commission president, jean-claude juncker has warned the brexit process will take longer than the nikkei thinks. just then the u.k. thinks. -- than the u.k. thinks. lipsky.e mann, and john catherine mann, let me kickoff with you. every day, there is speculation on the

dr. lipsky to the podium. thank you. [applause] dr. lipsky: i can assure you i deserve no applause. i have the second easiest job. you have the easiest job. you get to sit and enjoy a presentation by our three speakers. first we must talk about how we will go about this. we will hear from each of our speakers in turn. of --re all very capable and you're very capable of knowing how this program will unfold. we will start with professor cui, and then professor lampton, and then amy celico, who, just to amplify what he said is not only a graduate of sais, but attended all three sais campuses . so, we are especially proud of her accomplishments. our threel have speakers at this event, and then i will rejoin you and they will join us on stage, we will have a brief discussion and then open to questions from you, the audience. without further a do, let me just add my welcome. things to the u.s. china wehange foundation, and would like -- thanks to the u.s.-china exchange foundation and we would like to tell professor cui how honored and pleased we are to have him. the floor is yours. [appl

dr. lipsky to the podium. thank you. [applause] >> i can assure you i deserve no applause. i have the second easiest job. you have the easiest job. you get to sit and enjoy a wonderful presentation i'm sure by our three distinguished speakers, but i'm just here to explain how we're going to go about this. first, we will hear from each of our speakers in turn. i won't take time to introduce each of them individually. they are all very capable of, doing when it's time to come up, and you are very capable of knowing how this program will unfold. we will start with professor cui and then professor lampton and then amy celico, who just to amplify what dean nassar said, but only as a graduate of sais and the hopkins council but attended if i'm right all three sais campuses, washington, bologna, and, of course, in china so we are especially proud of her accomplishments. so we will have our three speakers at this event, individually, then i will rejoin you and they will join us on stage. we will have a brief discussion and then open to questions from you, the audience. so without f

. -- frankly now people within johns hopkins one john lipsky's wisdom and they are going to pay for it. that is unchanging, isn't it? drin research, the individual who is in charge of research should be in the senior management of the ontitution, and sit there executive committee hearings of the top management. i had that opportunity -- tom: will that change on the sell side and with goldman sachs and lehman brothers of years ago? dr. kaufman: when i was at solomon i was in charge of research and i was one of six members of the executive committee. when issues came up that had to do with research, i was able to defend it. tom: we had a heated conversation on this yesterday as well. are we having this discussion because we have not had a three to four standard deviation move where everyone picks up the phone and says get kaufman on the line? discussionng a mifid because it has been dampened and bottled? dr. kaufman: we have not had great volatility and the movement in price of securities. that diminishes the order, so to speak, to have correct and up-to-date and objective research. i have gone through periods where ther