has triggered drops in em currencies and volatility in em markets. there are elections looming in brazil. turkish selections could potentially be brought forward. that could be a catalyst for the return of higher governance standards and the return of stability. romaine: tom orlik at bloomberg economics. some of the risks ahead for 2022. we are going to take a look at the markets here. a lot of risk seems tied evaluation. we talk about inflation. this chart is the long-term p/e ratio, a slightly different pe metric, which is right now around 37. the red arrow goes all the way to the left. kailey: we call it the horizontal access. romaine: i was talking about the period of time. kailey: but on an inflation-adjusted basis, does that chart look different? does it look less bubbly if we are thinking about these assets and how to value them? kailey: anyway you slice it, this market is expensive. romaine: let's get the opinion of our next guest. he is a bloomberg opinion columnist and also a founder of unison advisors. you always do great research, putting

up style hit 'em up style ♪ ♪ get your hands on his cash and ohhh ♪ ♪ oh when you go then everythinghit 'em up now ♪♪ [cheers and applause] >> kelly: all right, welcome to "the kelly clarkson show," y'all! to give it up for my band y'all with that blue cantrells song! [cheers and applause] can see we have a very special guest sitting in with the band today, it tito jackson! [air horn] he has a new album out called "under your spell" which is a great album title, welcome, tito to the kelly clarkson family. >> tito: it's nice to be here! >> kelly: now you're on the list. emily and the audience requested to sing "hit em up style oops," i've not heard that song since it came out, why do you love it so much? >> hi, kelly, thank you for singing it. it was one of my jams when i was a kid, i can picture my mom, my sister and i just jamming and screaming in the car and i had not heard that song and forever either, but about three years ago i was actually cheated on and i was looking for a jam, something that is scream and flat out my emotions. >> kelly: might i suggest "since u been gone." >>

if you can't beat 'em, join 'em.re should be an app for solitary people like me who can meet up with other solitary looters. that's my problem. i don't have a lot of friends. i don't have a mob that could come with me while i attract other people's private property. maybe we could do an app for that. the bottom line is we have redefined law and order is systemically racist so anytime you enforce the law, you're going to be called a racist. which is the most effective method for undermining society. we are watching society implode. i feel absolutely hopeless. that columbia kid was murdered, murdered by a guy that's been in and out of jail. maybe his parents have some influence. maybe with the home invasion in beverly hills, will that wake up people? have a music legend murdered while her husband was sleeping. her husband was sleeping. she was murdered. doesn't this week pelosi up? don't some of these people travel in the same circles? >> jesse: it shouldn't have to happen that way. that's the point. >> greg: not until

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'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >>> former president trump crowd at his florida resort last night and taking aim at general mark milley and the decision to leave military equipment in afghanistan amid the u.s. withdrawal. >> you've got a $50 million airline, you've got a $29 million gorgeous helicopter, you have every type of helicopter brand new literally out of the box. you think it's cheaper to leave it there so they can have it than it is to fill it up with a half a tank of gas. yes, sir, we think it's cheaper, sir. that's when i realized he was a [ bleep ] idiot. >> this is the same man who got a deferment for bone spurs. he released a statement that revealed his own intelligence failures, you might say, thanks to a glaring grammatical error. it reads, anybody that doesn't think there wasn't massive election fraud in the 2020 presidential election is either very stupid or very corrupt. double negatives. i'm joined now by former homeland security and covid task force member to adviser to former vice president mike pence, olivia troye. tha

'em up, up, up ♪ ♪ light 'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >s sworn in in august but it wasn't willing to talk to the u.s. directly. then in the middle of the talks, the international atomic energy agency announced tehran stepped up its enrichment of uranium. on friday the parties left the table on a sour note to go back to their respective capitals, get instructions and regroup. vali nasr is a professor at johns hopkins school of advanced international studies and a former state department adviser. vali nasr, pleasure to have you on. >> thank you. >> give us a sense of what the iranian view is. what are the iranian requirements, demands in these negotiations? you have unique access to both sides of the negotiating table. you have been talking to people on both sides. we would like to hear what the iranian perspective is. >> simply, they want the sanctions to be lifted, to go back to 2017 and back into the full compliance, the united states and iran in full compliance with jcpoa. but it's not apparent they will lift sanctions and if not reimpos

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we're not going let em anymo. (crowd alaudin (cro cheerin (sofmusic) an chatting fainy) alour new o-dam frs, the was a ace just few mil away the my corpsf engines coitted wh today what wou be call an act of ctural gecide. - as srman alee, a spone cor d'alenindi says, isike therbeing a deral buaucrac at remes the cattlerom nchs and tells cowbs that - [wom] this icelilo fls. the age-d fishingrounds of theo. he is a sherman, swingi t thering sh for the salm feast and my d woke meup and iwas. "ce on, so let's g the fi are comg." ok me outsidthe te, heaid, "lien." itoundedike a thsand pele with oar, ating onhe water itoit was salmohsand pelcomi up the ver. e grande rendezvs placfor our ople, and pleau trib, in geral. it matted not ether yowas yaka, andnesps, umatia, cayusl. u was a rt of it. this mist and the roar of that water is just, ings tha in my mories, that'st when i tnk aboutt, i can actual hear . - this is the first, and fortunately the last time, that we will ever have a film of this ceremony. as you will see

'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em up, up, up ♪ ♪ light 'em up, up ♪ oh-oh-oh-oh-oh, oh-oh-oh-oohohh ♪ ♪ in the dark, dark ♪ new cheetos boneless wings. exclusively at applebee's. [coins clinking in jar] ♪ you can get it if you really want it, by jimmy cliff ♪ [suitcase closing] [gusts of wind] [ding] >> man: what's my safelite story? my truck...is my livelihood. so when my windshield cracked... the experts at safelite autoglass came right to me... with service i could trust. right, girl? >> singers: ♪ safelite repair, safelite replace. ♪ >>> well, from what we know tonight authorities did everything they could as quickly as they could to respond to the shooting today at oxford high school in oakland county, michigan, near detroit. that's what we're hearing from officials and witnesses and experts in the field. response time was brief. everyone did what they had been trained to do, and yet those are the two saddest words we know tonight, and yet. we are getting a first hand look at what the students went through as a shooter took the lives of their c

'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >>> all right.chool shooting in michigan. people have identified a person of interest who they believe helped the suspected shooter's parents evade capture. the couple james and jennifer crumbly were found in a detroit warehouse on central artery after an hour's long manhunt for them. they are charged with four counts of involuntary manslaughter. the school district superintendent is now requesting an independent investigation into the deadly attack. cnn's athena jones is in pontiac, michigan for us. what do we know, athena, about this independent investigation requested by the school district? >> hi, fred. well, of course, from the very day of the shooting and from the very beginning, a lot of questions were being asked about how the school handled ethan crumbbley and the meeting with his patients and now you have the superintendent of the school district requesting an independent third-party investigation. one thing that they brought up in what the superintendent called the school's version of eve

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'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ it's another day.ould be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> i'm inviting all patriots to join us in charlottesville, virginia to take a stand not just for our confederate monuments but for our european iden identity. >> i thought it was pretty incredible with all the people that showed up. i thought that was the biggest rally i'd ever been in. >> good, good, good. go. >> i was involved in white nationalism for 25 years, i was the national leader of the national socialist movement. >> it's not about the uniform you wear, the colors you fly. it's about the color of our skin. >> why did you leave? >

we're not going let em anymo. (crowd alaudin (cro cheerin (sofmusic) an chaering fatly) - en] as tpting ast was to staand highive all r new prdam fries, the was a ace st a fewiles awa commted whatoday the ar r what wou be caed an act of ctural gecide. - as srman alee, a spone cor d'alenindi says, the euchist, le, the bld and dy of rist, at roveshe cale froranches and lls cooys that they'rdoingr at roveshe - [wom] this icelilo fls. the age-d fishinground of t columbiriver inans. re is a sherman, swingi t gaering fi for e salmoneast and my d woke meup and iwas. "ce on, so let's g the fi are comg." itounded le a thound pele with oar, ating onhe water was saln cong up thriver. - the celo fallsas e grande rendezvs placfor our ople, and pleau trib, in geral. it matted not ether yowas yama, wha, dn't mter. u was a rt of it. this mist and the roar of that water is just, ings tha in my mories, that'st en i thi about i i can tually hr it. - this is the firs a unfortunately the last time, that we will ever have a film of thi

we're not going let em anymo. (crowd alaudin (cro cheerin (sofmusic) an chaering fatly) - [b] as tpting ast wato stay d high-fe all r new prdam fries, commted whatoday the ar r what wou be caed an act of ctural gecide. - as srman alee, a spone cor d'alenindian says, 's that rious a mbol. and toun the ds in a w thatipes outheir culre, thr spiritlity d their venue, is like the being federal reaucrac at roves t catt froranches antells cooys that they'rdoingr at roves t - [wom] this icelilo fls. the age-d fishingrounds of theo. re is a sherman, swingi t thering sh for the salm feast and my d woke meup and iwas. "ce on, so let's g the fi are comg." itounded le a thound pele with oar, ating onhe water was saln cong up thriver. the celi falls w e grande rendezvs placfor our ople, and pleau trib, in geral. it matted not ether yowas yama, wha, dn't matr. u was a rt of it. this mist and the roar of that water is just, ings tha in my mories, that'st en i thi about i i can tually hr it. - this is the rst, a unfortunately the

'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ according to the telegraphwell they are considering another option. it was either this for the othe option which would include usin a bomb to pull the world. 's drastic. when i heard this i left it's not as easy as she makes it look. while this nightmare scenario i highly unlikely it is constitutionally possible. he could nominate hurt if an opening were to happen before the next election saving them a lot of embarrassment. but a new poll claims just the opposite. they say these are the two top options in 2024. >> there's also talk of this ticket but that's only if his paternity leave is over by then. he may have more kids at that point. >> the vice president would mak a great supreme court justice. i get along with people. i'm not like the last sky. unless you don't do what i say that i will get you fired and make your life awful. how is it becoming a supreme court justice becoming a consolation prize? let me be clear about the story this is the highest court in th land. regardless of your party the only peopl

'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em up, up, up ♪ ♪ light 'em up, up ♪ oh-oh-oh-oh-oh, oh-oh-oh-oohohh ♪ ♪ in the dark, dark ♪ new cheetos boneless wings. exclusively at applebee's. and that's just basic wavy guy maintenance, right? next up, carvana. oh, boy. carvana just doesn't seem to understand how the test drive works. they give their customers seven days. and if they don't like it, they give 'em their money back. wait, they take the car back? that's crazy! what if it was driven by like a zookeeper? or a mud wrestler? or a guy who's on the outs with the missus and he just needs a place to sleep for seven days? yeah. (vo) buy your car online. love it or return it. with carvana. ♪ ♪ ♪ (sha bop sha bop) ♪ ♪ are the stars out tonight? (sha bop sha bop) ♪ ♪ ♪ alexa, play our favorite song again. ok. ♪ i only have eyes for you ♪ ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you

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em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ [ sneeze ] ♪ i'm on fire ♪ areve high blood pressure, a cold is not just a cold. unlike other cold medicines, coricidin provides powerful cold relief without raising your blood pressure be there for life's best moments with coricidin. now in sugar free liquid. ♪ ♪ >> greg: all right. he was once super woke but soon could be broke. because he mixed up their names, his job ended in flames. a professor at the university has been fired after confusing the names of two go black students in class. according to the observer, the school's new paper, not me outside your window at night, emily, here's how it went down. after professor christopher mixed up the student's name, name emailed him saying they felt disrespected. believing the mixup happened because of their race. in response, he said in an email to the entire class -- stupid -- he asserted students in class specifically and exclusively around issues of justice, equality, and inclusion. and that he devoted his entire life to such issues. he also invited students to

'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ like pulsing, electric shocksintense burning sensation. what is this nightmare? it's how some people describe... shingles. a painful, blistering rash that could interrupt your life for weeks. forget social events and weekend getaways. if you've had chickenpox, the virus that causes shingles is already inside of you. if you're 50 years or older ask your doctor or pharmacist about shingles. ♪ >> they let you shoot up in the street, but they still won't le the cops eat. they're is no such thing as smash and grab say dumb politicians like the gabbard to san francisco restaurant has apologized for refusing to serv three on-duty police officers last week on-duty. isn't everyone in sf on-duty. promise broken, with that joke. i'm proud of that one. at first the owner of hilda and jesse the restaurant says the cops were asked to leave becaus staffers didn't like them carrying firearms. as you know, only the criminals are supposed to be armed. >> it's not about the fact that we are anti- police, it's about the fact that we

how fragile is em right now? you are the guy that monitors this. how fragile is em?it harken back to the fears of stan fischer of decades ago, or is it a new em more resilient? steven: parts of it are more resilient. i think the investors are looking at chinese government bonds, seeing cnh very stable. there are other bits and bonds the benefit from higher oil prices that are doing well. i think a lot of bad news is priced into em. i think the market understands the issues in the short term that em is facing. if we are right that things look better as we get past covid, and the fed isn't quite as hawkish as advertised, there's a lot of room for em to go up, but right now everyone needs to be cautious. tom: steve englander, greatly appreciate it this morning. we are going into claims in seven minutes, and we've got to come back with a fed brief. what is so important to understand is the scope and scale of excellence at bloomberg surveillance. if you are a newbie on the block like the lovely colby smith over at "the financial times," you are colby smith. and if you are

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em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >>> she became obsessed withral doing crazy things to stir up trouble in georgia's relationship with yvette. >> the anonymous letter she's dropping off and all in attempt to manipulate george away from yvette was behind a series of threatening phone calls she received. according to prosecutors, those phone calls never happened. >> md anderson has calls that track every single one of them. there is no anonymous phone calls. the strangest of all, the prosecution contended a month before the poisoning, anna staged an assault on herself that she told anyone who would listen. >> she said she worked with a private investigator to find out who it was. they traced this person back to louisiana and he was a relative, she had a cousin of yvette tony. >> investigators thought her wounds were self-inflicted. >> the person who seen anna's obsession up close was the object of it. reluctant george blumenshen took the stand. >> are you a private person? >>, very private. >> this is not easy. >> the prosecution needed george to r

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but em central banks have been on the move. i think it's pretty clear that some of the inflation pressure we have seen in em as well as globally is going to come off. energy is a very clear story. this theme we have been pushing, this time is different, is true for em as it is further u.s. we don't have the stresses in terms of the underlying balance sheets of corporates. we have a situation of significant pent-up demand. i think em is going to come under a little bit of stress within the fed. people are thinking, you move the fed two or three times, the world is going to be really fragile. i think we are going to find out the world is not fragile, the fed has got a lot of work to do. that's a good thing, if we can actually put the global economy on a sustainable path. just like 19 at four, you sometimes -- just like 1994, you sometimes need to shock the system in order to get you on a path where you can grow. tom: the shock seemed to be there yesterday with the equity move. thank you so much. we've got to go to the bond market

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we're not going let em anymo. (crowd alaudin (cro cheerin (st music)(man chaering fat) - [b] as tpting ast wato stay d high-fe all r new prdam friends, the was a ace st a fewiles awa commted whatoday the ar r what wou be caed an act of ctural gecide. - as srman alee, a spone cor d'alenindi says, 's that rious a mbol. and toun the ds in a w thatipes outheir culre, at roves the cale fm ranche antells cooys that they'rdoingr at roves the - [wom] this icelilo fls. the age-d fishinground of t columbiriver inans. re is a sherman, swingi t gaering fi for e salmoneast and my d woke meup and iwas. "ce on, so let's g the fi are comg." itounded le a thound pele with oar, ating onhe water itas salmo comi up the ver. the celi falls w e grande rendezvs placfor our ople, and pleau trib, in geral. it matted not ether yowas yaka, wha, didn't mter. u was a rt of it. this mist and the roar of that water is just, ings tha in my mories, that'st unfortunately the last time,hisd that we will ever have a film of this ceremony. as you wil

we're not going let em anymo. (crowd alaudin (cro cheerin (st music)(man chaering fat) - en] as tpting ast wato staand highive all r new prdam fries, the was a ace just a f miles ay the my corpsf engines coitted wh today what wou be caed an act of ctural gecide. 's that rious a mbol. and to r the damin a way thatip, theispirituaty 's thaantheir renue,. is like the being federal reaucrac at roves t catt froranches and tells cooys thatgthey'rdoir federal reaucrac at roves t - [wom] this icelilo fls. the age-d fishingrounds of theo. re is a sherman, swingi t thering sh for the salm feast - and my d woke meup and iw. "come on, n, let'so, the sh are cing." oke outsidthe te, he said, "sten." itounded le a thound pele with oar, ating onhe water itas salmo comi up the ver. the celi falls w e grande rendezvs placfor our ople, and pleau trib, in geral. it matted not ether yowas yaka, wha, didn't mter. u was a rt of it. this mist and the roar of that water is just, ings tha in my mories, that'st en i thi about i i can tually

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'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >>> in our world lead thispoke with ukraine's president fresh off his two-hour call with russia's president putin earlier this week. all amid fears that russia is about to invade the ukraine once again. the u.s. is trying to support ukraine without putting u.s. boots on the ground. >> president joe biden trying to lower the temperature as tensions soar in eastern europe promising ukrainian president zelensky support for his country's sovereignty amid a massive build up of russian forces. >> what we know is that the aggression here is on the russian side. the military build up is on the russian side. there is a diplomatic path forward. part of the president's objective, our president's objective in having the call was to convey that clearly. >> reporter: russia has amassed 125,000 troops near ukraine's borders and in belarus to the north ukrainian security sources tell cnn. that includes tanks, ground vehicles, and aerial patrols potentially laying ground work for a quick strike and rapid reinforcement, sources

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'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so light 'em up, up, up light 'em... ♪ >>> the united states supremeay for abortion providers to challenge the controversial texas law banning the procedure after six weeks of pregnancy. but the justices are letting the law stand while the cases work their way up. let's dig deeper with cnn's supreme court reporter ariane devogue and legal analyst joan bi bi biscupic. break this ruling down. >> this ban on abortions after six weeks of pregnancy is still in effect. it's been in effect suns september 1st means that women throughout texas have had to go to neighboring states if they wanted to end a pregnancy. it directly conflicts with roe v. wade. and the abortion providers tried to get some sort of relief from this law in which texas has tried to shield any of its officials from being sued. today, by an 8-1 vote, the justices said that some state officials could be sued. so the women's clinics can get some relief but by a 5-4, more important vote, the justices said only this limited number. chief justice john roberts broke off from the conservatives. the

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so, from the em rat perspective they are currently in a pursuing a policy of the em rats first. turkey. with assad regime in syria. and iranians. announcement of an investment in a solar farm in iran. that is a an investment the israel would like to see in the desert. this is coming at a time when the em rets are forging their own way in the community. away from the unreliable partner in washington. where they are out of step. washington is and israel of course. putting pressure on iran from the washington perspective. to get the iranians to return to the nuclear treaty. from the israel perspective to prepare the world for potential israel attacks if they continue to develop the nuclear capability. >> right. how significant is this for the israel prime minister. what will he be trying to achieve on the visit? >> it's a very significant event for the israel and prime minister. i want to paint a picture. how significant of a change this is a few years ago they couldn't enter the uae. he won a competition and authorities there refused to fly the israel flag or play the israel natio