grants, the major source to help low income young ,eople get a college education and other financial assistance programs. in my view, we should be making public colleges and universities tuition free. republicans are proposing to make it harder for our young people to get the higher education they need. madam president, during the budget process when the republicans want to expand some $100pending by billion -- $100 billion over the by far thears -- largest increase in military spending in american history, we will not turn our backs on working families, the elderly, the children, the sick and the poor. the united states government must do more than greatly expand military spending, and give tax breaks to billionaires. job is to protect the working families of this country, and that is what the new budget must do. and that means we must have parity between defense and nondefense spending. budget, thewhy this proposed budget we are working on now, must address the many crises facing working families in the united states. that is what the american people want, and that is what we must

not do what usually do, which is secure our borders, secure our country, wouldn't be a country for eople to come here, to want to appreciate this beautiful country, which was formed with all immigrants. everybody that's here is an immigrant. like to remind the democrats the reason that people come to this country is security, for financial, you now, status, fanned we take that away and just open our borders, it won't be that same secure country that people are want to come to. so i just want to thank you guys. you taking my call. >> rudy, you say your mom and dad are both immigrants. from?did they emigrate >> mexico. >> appreciate you sharing their la y, your story with us, porte, indiana, ron on the democrat's line. >> hello. on the air, go ahead. that ust wanted to say we've pretty much wiped out the ndians, you know, the railroad and robber barons, wiped out the indians. you know, but anyway, they kind of want, oh, boy, anyway, me think for a minute. focus.ot to these people know what they are what, they are just taking they can, they sell it what they it. and get rid of and it's just

didn't think right thing morally to do, can you imagine the british government telling the decided eople, hey, we to let the colonists go on being more.loaders and tax you that's not going to go over very constituents. and while the government is obviously to some considerable from public ted opinion, if you're raising the land tax on the land holders in people and they are the that vote for the house of commons, you could be in some danger. especially since there are, of opponents to the government that are always looking for ways just as political opponents always are, of making the current government look evil and bad and corrupt and getting voters to turn away from them. you have to raise more colonies infend the the new world, it only makes sense to have the people in colonies at least pay a cost of their own defense. it?how are you going to do well, the stamp tax is the answer. pretty good ke a deal to the government. is basicallyit is, a tax on most forms of legal activity. tax stamp on put a wills, for instance, that you file with the court k. you go lead in court, you've got to

presents option to are real compromise on mmigration, but on the other hand, it means dealing with eople who have diametrically opposed views, that can sometimes make it harder to get a solution. in t call from mike pennsylvania, independent line. ahead. on, mike, go the loss, i on still can't understand what in the world something like daca with the with anything budget. republicans do the insist that would be included in the first place? separate completely issue to me. my second question, or, for pedro, that woman who called in that c-span ating was owned by cnn, was just example of the ignorant, that goes oninking in this country and i just don't understand what anybody is going do about that. i wonder if you have an opinion that. host: we'll leave it there, mike and let you answer the first question.at guest: mostly democrats wanted dak take in continuing if youion, they believed attach to must-pass spending bill, they could get a clean legislative fix with minimum or maybe no concessions to republican immigration hawks whatsoev whatsoever. so it was people who wanted to passed who

eople say is there going to be another c.r.? only if we would need to do the implementation. take it to the floor, this or that. no point not having a c.r. unless we have an agreement on daca and funding. we have had a number of other issues that have to be dealt with. reporter: a number of companies are attributing the tax bill being able to give higher wages to their employees and give a fume of bonuses. how do you respond to that? ms. pelosi: number of bonuses -- one of the bonuses was in a union contract and then they added a little more money to that. that same firm just told the employees they were going to be laying off 1,500 people and if they wanted to save their jobs, they could work 32 hours. in terms of the bonus that corporate america receives versus the crumbs they are giving to workers to put the smooze on is so pathetic. and i would hope with their big advantage of bringing home at a very low rate that they would invest in infrastructure. but our experience has been they ill seek dividends and buy-backs. it is insignificant. reporter: one of your democratic le

eople have little food, big inflation. the u.s. is watching. a lot to unpack there. iranian protest, do you agree with the president's read there of why the protests are happening? guest: i think we need to be ery careful, a lot of the protests do seem to be a reaction to economics, it is not lacking food or is a opportunities, it failure to do reform, to provide jobs and income people need and want. it is the fact inflation, as president pointed out deprived savings, their opportunities, it is a very oung country, where young people have stated unemployment of population that may be higher. these are critical factors. are certainly many liberal that want more socie society, that are calling for change change, but we need to be careful, the president tends to a very hard line. host: the protests going on for world a week, with the community taken by surprise by the protests happening now? are alwaysink people taken by surprise when you have this happen suddenly. back at the economic forecast, they actually were a more favorable than they have been in past years and h

often,eople, more than have little to no experience working in areas they want to have a career. people don't know where they will be subject. few are left unguided and uncertain and decision that will make a great shape on the rest of their life. i believe strongly that there is a duty to young people. , to oura duty constituents, to give all young people an opportunity to explore and test their passions. we want a generation more passionate and prepared. i urge you to pass this motion and in turn, not only will we see less division and backgrounds, but a stronger economy. it will benefit the u.k. socially and economically and i urge you to pass it. [applause] >> thank you very much, indeed. under the call a speaker from the northeast of england. i'm going to call you in a moment. -- prepareelf yourself. i want to welcome my colleague and the chair of the work and pension selection committee. a member working without interruption since 1979. 38 years and member of parliament. -- 38 years, a member of parliament. recognized by many as what we want a member of parliament to be. se

officials say that if levels fall below 13.5%, but water supply to cape town will be turned off. ,eople here have been warned every drop counts. jane: we are just a few days away from donald trump marking one year in office. since his inauguration, it certainly has been a wild ride. for all the controversy in washington, wall street has been humming along. jon sopel has been taking a look at the wider impact of the trump presidency as he approaches the first anniversary. jon: to some, it might sound like a warning alarm. to the president, this clanging is music. for all the noise and scandals since donald trump came to office, the dow jones is up roughly 30%. every day seems to bring another eye-watering high. just look at the happy faces. if you are an investor, if your pension is in the stock market, you are going to forgive an awful lot from this president. but what goes up must come down, no? are you worried there is a bubble? >> i'm not worried there is a bubble, per se. is there a connection that could happen? certainly. but there is enough money out there that could backstop any

they really tried to minimize the impact on the american eople. in terms of what the turn-around time for a full reopen, as i said earlier, we are waiting on the house to vote and clear. then it will go through the o.m.b. budget process and review, a legal review, then hit the president's desk which we expect sometime late afternoon, early evening. which would make most government offices already closed and so they would start back in full capacity tomorrow morning. if that changes, we'll certainly let you guys know. but that's sort what have we tentatively expect at this time. reporter: a chance to respond to the criticism that senator schumer lobbed over the weekend. saying that negotiating with the president is like negotiating with jello, today the senator said the great deal maker sat on the sidelines. was it an effort on president's part not to reach out to him this weekend? is that part of his strategy? sarah: what the president did clearly worked. the vote just came in 81-18. i would say that those numbers are much more in the president's

it from the overhead it -- overhead perspective which is -- you look at these companies, customers,eopled places to put them, they compete for all these resources which are finite and that makes it more challenging to realize and create value for the shareholders. >> that you so much for joining us as well. coming up, a new report by advocacy group describes has is working conditions at an apple parts supplier in china, we will dig into the latest, this is bloomberg. ♪ ♪ site backedy video by tencent is trying to raise money out of a $17 billion valuation. they are targeting a billion dollars in financing as it expands the video streaming service to southeast asia. this is a video platform in the same vein as instagram and periscope. they're careful to note that no final agreement have been reached, however, in the because of the detail -- they could change. thee is getting slammed for workers conditions they have to endure. are underir factories scrutiny. peter elstrom joins us from tokyo with the latest. what are the actual allegations here, what you make of the criticism? peter: it is

it,eople did not know about maybe they were working on it and maybe now they know about it, they areorking on it here so far is the important thing. if you have a computer at home, you have areas on the computer where passwords are stored, where encryption keys are stored, in a normal course of events, programs you use do not have access to that data. allows, ine of chips theory, access to the data for high-level programs and makes it more vulnerable. emily: intel says they will not have a significant financial impact but how could that be? ian: in the past they have recalled chips like a carmaker but this time they say this is a feature of chips and it makes them faster and they work as they should. we have no liability. emily: another thing that does not look good is that intel found out about this six months ago and their ceo sold a very large part of his stock later in the year. ian: this has created a lot of attention. if you look at the filings as we did, this was a regularly announced plan, executives usually set out a plan where they say in advance, i will sell this shares am

there was aas well particular meeting or he talked about coming back after all the .eople had the part it in the evening, seeing the wrestling of the papers and all the things, then he says, it is just the most beautiful day of my entire life. saying,er david kind of but it could not have happened that way. why? because we know where rolf abernathy was every moment of that day. whetherhis debate about to trust his recollection, as opposed to our historical reconstruction. we decided to use it. history might not have happened that way, maybe it should have. fascinating. let me jump to david, if you don't mind, who i remember when he was the brash young australian -- south african, sorry. >> we draw the lines. us a wholeo bring new format that was possibly -- format that was possibly to challenging for television. i walked into a public television station in 1970 three in huntington beach as a young filmmaker from south africa by way of the bbc. i walked into volunteer. i put my hands on the tools, the camera and began working. wgbh summaryt there and brought me to start a series. series

the only thing that unifies them in my story is that people, some eople looking at these two are saying that the federal reserve and other central banks as well not worry so much about inflation and still keep growth s on getting going. and in my article i'm kind of saying not really sure. i think we still do need to that about the fact inflation could start accelerating in 2018. >> okay. take a step back. talking aboute're here. what is the split curve and what s it saying to us at this moment t relationship between the factors? a new named after zealand economist, a.w. phillip, 1958. it's a very y -- simple idea. there's a tradeoff between unemployment. you have high inflation, tends to be associated with low and vice versa. now, milton freeman and some 1960s sort of poked holes in the phillips in the longing that run, there's no free lunch. central banks can't buy stronger growth and lower unemployment on permanent basis by low inflation. hort term there is at least in theory this sort of, there's a slope, if you imagine inflation unemployment and on the other. the problem is that it

if eople who protested -- someone protested h.r.c. because bernie sanders touted free college and shea lived on planet earth and said, that's a problem, but i'm going to get you 99% there, i don't know what that millennial got out of 2016. donald trump is not giving anyone frea tuition. he's taking away stuff from teachers and education. he's put probably some unqualified person, top secretary of the department of education. but i don't know how mellan yals think. i don't know. it's unclear what will get millennials going. and, you know, someone like sanders or warren seemed to tap into that, but not if you can't do it at the expense of whack them all. it goes back to what i was saying you can't just assume people last year would have got what hillary clinton got and added on to it. it is not like that was some sort of bed rook. she worked for it. she spent a billion dollars on it. so it is not a gimme. but i think millennials have to -- they have to -- they more than anyone have to say this is not normal. and there's a lot of pressur

eople have this thing they pay to medicare and draw out basically what they paid in. that is not true. two parts to it, second part called part b, and cian services outpatient care. 75% of it, 75% is paid by taxpayers, okay, not paid for by recipients, not paid when you p pay a payroll tax. by income taxpayers, who are mainly upper income people. on the a lot of people medicare program getting heavily saying that is wrong, people's understanding, i paid for this, it is not true, for it.n't pay host: and 23% paid by premiums? compare to part a and what is part a and how is for? paid guest: part a paid for through payroll tax, quite progressive uncapped, so t is even people, no matter how high you pay it. so millionaires do pay it. nd there is also surtax that applies to people above 250,000 year enacted as part of the affordable care act. that is more or less self-financing at this point, awful lot of redtrib ugz. this is for hospitalization and institutional care. yes. host: scarlet, democrat, hi, scarlet. good morning. host: good morning to you, go ahead. caller: tha

we started to reform in-depth to gain our education system in order to better educate and train our eople. we decreased in these rankings and we have that system. we are reforming the rules in order to have different access to universities -- to provide better access to universities. and more importantly, to invest more and reform that education and training system. nd on top of this reform, we will launch. important reforms and training. ill launch. because it is a call to deliver on the strategy and to train people in this current environment. if you want to accompany people in this global change, you have to empower them. during years and years, the if you want to accompany people best answer from both left and right in france was used to protect people by explaining i will protect you from any change. sometimes we have to accelerate some change, providing the actual direction which is to educate or retrain in order to find a new job. that is what will invest during ive years, 50 billion euros in education and retraining. and we'll simplify, streamline, and make much more efficient all

deporting the 5,300 eligible eople in my district alone would cost $140 million. aren't we supposed spob growing the economy, not shrinking it and i yield back? the speaker pro tempore: for what purpose does the gentleman from mississippi seek recognition? without objection. the gentleman is recognized for one minute. >> i rise today to congratulate 14 years of e on successful business. january 10, 20 2004, it was opened in mississippi near the campus of university of southern mississippi. and while the original burned down in 2011. there are now more than 18 restaurant locations spanning three states. ron is a fellow golden eagle that continues to expand his businesses in south mississippi biloxi.as opened in his restaurants continue to fuel the economies of my district. the success that ron has had in a short amount of time is a testament to his entrepreneurial spirit and hard work, persistence and determination. and he has a great partner, his wife and their beautiful family. next time you are in south ississippi stop by mug shots bar. and have a peanut butter

i will tell you he was so wise and how he could select eople. he picked a young man once and gave him a townhouse to help him when he first got into national ecurity affairs. that young man on his couch was none other than george schulz. that says something about his ability to see talent at a young age. there is a lot of talent that comes through here. you all look like promising young men and women because you are all young compared to me. he was also a great and avid scholar. you could agree or disagree with him, but you would not find him flat-footed intellectually. i bring this up because national security document, or report number 68, was a guiding light during the cold war. was it perfect in hindsight? no, it was not. we don't look for perfection from young people, we look for excellence. he served as secretary of the navy so we have a sense of ownership of the men for whom this school is named. the background you have here makes this a fitting place to introduce our unclassified summary of the classified document. parts of it are classi

systems,eople building a relationship with the regulators. , if weess significant have to choose another, and have a relationship with a new regulator, find the building , we do not have to do this. francine: how much do you think about bitcoin? >> we have just announced a new on technology. i believe in this kind of technology to improve banking processes, which can be very old . they will be much more efficient. i believe in that technology. can i say i am skeptical around bitcoin. i can think about cryptocurrency but withward, institutional players using them, it is a long-term play. i think it is a very risky bet. see ane: do you cryptocurrency regulated by g20 levels? at some point. with players needing to check where the money goes, from where it comes from, we all know the government regulators want to be against moneyt laundering, terrorism, i can't imagine something that is too anonymous. francine: do you worry about hacking? to be sure we have the right strategy, to deal with this threat. = : does the french momentum impact your share price? directly, but it contributes to crea

eople were not applying to do the jobs. t wasn't like, oh, we're mass people saying, we will fill in do gaps, no, they did not that. first point. second point is that the reason is because here there's jobs. instead of focusing on them, we talk to the employers to make sure they are doing what they are supposed to, these trying to make a living, better life for their family family, they didn't go through right process, right channels, we're depending on them now and they're here. with it.o deal host: mr. stein. the american economy is choking on mass influx of jobs created in the last eight years to foreign workers, immigrants, not native-born citizens. have been wages stagnant, marginalized american workers not in the labor force. justifying this system of labor exploitation is what it you are n to, but saying no free american worker will do this work, millions of people fight and die in the american civil to in defense of slavery basically pick cotton. they didn't believe free labor would pick cotton under the same workin

it can slow it or increase it, as it did in this case, so ,eople are into the risk assets and this islames. >> i want to bring up a chart i think you are looking at. this is the trade weighted dollar versus inflation, consumer inflation? yes? dollar, theighted drop we saw and the dollar looks less significant on this basis, especially when we have lackluster inflation. how does the inflation scenario play into the dollar going forward? inflationaryion is expectations. if expectations pick up, that will raise interest rates in devalue u.s. assets, so it will cause the dollar to fall. looking forward will be the next real situation, if protectionism starts to create inflation expectations, those expectations will cause the dollar to weaken. inflation is absolutely negative for dollar assets. >> with wilbur ross or the commerce department or robert announcing tariffs, what will that do to the currency outlook? for that the lookout and for retaliatory measures from other countries after the president decided to impose tariffs on solar imports. made some pretty damming comments looking for

and others used vehicles to ill and injure dozens of eople. at the state department we're both proactive and reactive in our approach to defeating isis. we train law enforcement in how to detect and interdict terrorist plots. this is what we refer to as c.t. we often say we cannot arrest our way out of the problem. which is why countering violent extremism is so important. c.b.e. is an umbrella term for a range of activities prevention, intervention, and rehabilitation. you'll hear some people use building resilience against violent extremism. some people say building social ohesion. the focus here is the actual activities that are directed owards countering isis and other groups. there are four basic principles of c.v.e. efforts internationally. first, we need to identify the source of the problem and make sure our programs are appropriately designed to achieve our goals. second, we need to encourage the various branches of government to work together. the ministries of health and education, for example, are importing critical partners in thi

se people taking -- defensive and eople taking money out of equities, for good reason.ize that the risk you looking for are not in this room. across the street. biggest one is if inflation was to pick up. to start to as react aggressively. that doesn't seem to be the case at the moment. is a bit of a wildcard, way, far, and it's not very transparent. to be going okay. said the ill dudley risk of an overseeing economy reinforces the case for gradual increases. he talk about the fed having to of fast hat prospect inflation. >> yes, and we'll have a new fed regime in addition to a fed chair, a vice chair. we don't know who that will be. on the fomc. departuremic with the of jennic yellen. any concerns there. the fed is sort of basically - tightened financial conditions. >> when we got powell reduced a d out we big uncertainty about who would be the fed's chair. done. was it was more or less business as usual. it, i y i like to put think the odds of the fed making fairly low. odds of the fed making a mistake. very careful. looking at the data. you mentioned the ppi. surpris

all we have to do is empower the eople that can make the right decisions, put the responsibilities and authorities in the right place, allow them it o fast, and we've done time and time again. we can do it once again. like you were talking about space, space, infrared system. well, i was talking about it on the second piece because the secretary started walking down remarks and i er wanted to get that. i wasn't talking about that generic the conversation. i was giving to the pentagon, about why ban communications in the current environment. wide e built our current band communications satellites, they were designed in the 1990s. hat was the commercial of communication satellite industry in the 1990s? best.yte at invisible. not even really there. still , we think that we have to buy wide band communication satellites this boeing that ave builds huge satellites all the time. lockheed builds huge satellites. it's just a commodity. why don't we buy it as a commodity? it's wide band communication. that as a commodity and we'll spend a lot of time and money figuring out how to do and egic mi

eople have this thing they pay to medicare and draw out basically what they paid in.t is not true. two parts to it, second part called part b, and cian services outpatient care. 75% of it, 75% is paid by taxpayers, okay, not paid for by recipients, not paid when you p pay a payroll tax. by income taxpayers, who are mainly upper income people. on the a lot of people medicare program getting heavily saying that is wrong, people's understanding, i paid for this, it is not true, for it.n't pay host: and 23% paid by premiums? compare to part a and what is part a and how is for? paid guest: part a paid for through payroll tax, quite progressive uncapped, so t is even people, no matter how high you pay it. so millionaires do pay it. nd there is also surtax that applies to people above 250,000 year enacted as part of the affordable care act. that is more or less self-financing at this point, awful lot of redtrib ugz. this is for hospitalization and institutional care. yes. host: scarlet, democrat, hi, scarlet. good morning. host: good morning to you, go ahead. caller: thank y

>> i guess the assumption would and thenou position advertise because you want ,eople to reinforce theand we are not calling for a bear market. i think it is a risk if we start to break higher, because i think a lot of people will potentially jump on the bandwagon. longer-term, i think it is very hard to see why treasury yields should be substantially higher if you believe that in the long run it is going to be hard for a long waytighten above the 2% to 3% range. it is just cyclically and maybe technically, there are reasons to be cautious. guy: from the portfolio point of view, what does this mean in terms of the relationship between assets? there is a lot of funds out there based on the idea that you minimize volatility between asset classes etc., etc., and they manage that process. that requires volatility. it has been incredibly low. are we going to see volatility going up. is the mov to start to go higher? -- is the mov index going to start to go higher? >> it will pick up. and then, potentially, there is a knock on impact to volatility elsewhere. slightly careful. firstly, the re

it's a matter of the german eople having the ability to make this transformation. unbelievable tos see it. >> germany with afghanistan, germany with iraq. i've got a whole list in the book of the differences between you wo and how -- now, if want to wage war, fine. passcyist. i'm for waging par against afghanistan, not in the name of get rid of alt to qaeda. i'm for waging war against isis, a democracycreating in syria and iraq. that's a pipe dream. i want to get rid of isis. anyway, jim has something -- - is the most famous comparative political person going. he died several years ago. 'm one of the two people who were in academics who read his 1991. wave" in are you another? name don't remember your in there. anyway in 1996 he wrote a book clash of civilizations." he made exactly this point. he book went down in flames, everybody was so furious about it. huntington was a hundred percent right. it, islam has bloodied borders. hat's probably the most single famous line from the book. in other words, if you launch, saying, the clash of civilization is going to be ou

in order to take leadership, eople have to trust you. they have to have a moral position to lead. the buffet think that you are not a threat. when they think you are a -- they have to think that you are not a threat. when they think the president of the u.s. is a greater threat to world peace than the leader of orth korea, it is very hard to persuade people to join you on whatever option you want to do. whether it's going to be additional sanctions, a military which i think is unthinkable but if somebody might go there -- ome of the republican public has changed to be open to the idea. who is going to join you in the world when you are doing hat? if you are going to lead in a multilateral way, for what agenda with a trust you to lead if you do not have the agenda. clearly, we have the crisis in the way of we are projecting ourselves in the world. hat is seen in places like japan which on this issue should be a clear outline and it is. but we see that -- a clear ally, and it is. but we see that and the attitudes. not to mention in our own country. we are in such a crisis internally

hat is three or four million eople.is had a report, last data come in for 2016, brought make 50, 0 a year, k-12 education for two kids is 26 grand. states, politically driven, industries that need a milliondisplace the two i just said, plus three or four million, five or six million new have huge you welfare problems and people out of the work force i just described. million new people, displace five million current workers, and then are in a downward cycle, got virtuous cycle,a educating kids k-12. economics for years, is.s don't know what it they won't go to college. kids don't know what cost, price or is, got to do better job teaching them business is your ticket to success. how anyone is opposed to this, in this city, the other side doesn't want to issues.the host: when it comes to who is going tow pay the bill, the does it have to be and who will pay the bill for the wall? question, the wall pays for , the wall itself over decade or so. i think at the top end, somewhere 10 to 20 billion, the small dacaor piece, is

eople were not applying to do the jobs.n't like, oh, we're mass people saying, we will fill in do gaps, no, they did not that. first point. second point is that the reason is because here there's jobs. instead of focusing on them, we talk to the employers to make sure they are doing what they are supposed to, these trying to make a living, better life for their family family, they didn't go through right process, right channels, we're depending on them now and they're here. with it.o deal host: mr. stein. the american economy is choking on mass influx of jobs created in the last eight years to foreign workers, immigrants, not native-born citizens. have been wages stagnant, marginalized american workers not in the labor force. justifying this system of labor exploitation is what it you are n to, but saying no free american worker will do this work, millions of people fight and die in the american civil to in defense of slavery basically pick cotton. they didn't believe free labor would pick cotton under the same working cond

people, but my guess is that because of the , the spiritual leader of the sunnis in that area, many ,eople respect him in that area and he has been under a lot of andsure by the government different intelligence apparatus in iran, maybe that has played a role, maybe he has asked them not to protest. that's the only thing i can provide. map.t is a puzzling when you look at it, people talk about unemployment, yes, there is a high rate of unemployment in all of the cities demonstrations have happened, but there are cities in iran with higher rates of unemployment and we have not seen demonstrations in those cities. >> ok. in the very back. you, my name is tom, i'm a graduate student. earlier, we talked about how the protests had singled out support for what is happening in syria, yemen in iraq. what might the implications be for the rivalry with saudi arabia? >> i think the iranian government most probably will stop bragging about its yemen andin syria, iraq. , this braggingy is relatively new phenomenon. at to 10 years ago, we did not hear much about the force or the commander of the force,

providing economic opportunities to all communities also involves to work,eople literally.the technology sector, jobs are growing. today, there are over half a million jobs such jobs in the united states. 2024.umber will rise in filling these jobs are critical for the economy, our country and our families. so excited toas go to detroit to announce that fill more jobs. recently announced we will take this workforce the relevant program to 30 cities all across america, but we still have work to do. we can't stop there. in all sectors, we must be to payingmmitted people what they deserve. [applause] as simple as that sounds, we still live in a world, 50 years was assassinated, where women earn less than men. 2016, women on average were paid 80 cents for every dollar men earned and that gap widens even further with women of color. black men were paid 63 cents for every dollar white men made. we should all take this personally. think about myt grandmother who cleaned homes in carolina, justth to make it, or my parents, who grew up in poverty, picking carolina rural south but som

this,eople thinking about one or two things could happen. comesbecause the u.s.uress or because asia comes up? i could make the argument that asia should come up. based on history, it has done pretty well. the u.s. dollar is weak is good for asia as well. but if you take the counter argument and say what are the concerns on the u.s.? the valuation -- there is a risk sitting there. boom, money coming back because of the tax cuts. a lot of companies increase spending plans. that tax cut goes straight through to earnings. it is a relatively constructive environment in the short-term at least. again, i think a lot of people underway assets in places like asia. still reasonable value. haidi: i want to throw at this quick chart that suggests that in terms of turnover we might see a bit more when it comes to the rally. 78-95. a record high. the weakest level relative to the s&p in 13 years, a 30% discount when you compare it. what's the low hanging fruit still available when it comes to asia? this is the bit that is the more important question and away. i wouldn't focus

people who do this every day, ,eople who are highly trained people who have different duties on a day-to-day basis. one of our emergency coordinators in tennessee, is on the board of emergency services. tier, which is everybody else. thepublic health nurses, clinicians in the hospitals, the hospital nurses, the people who are called upon whenever there is a need. and exercising and actually responding, creating the relationships and the know-how, those are the critical things. those are relationships built on trust. you reducely, when that funding, that is one of the first things that goes. you try to preserve some of the things you invested in but the more fundable assets are the very things that you need more of. i think you spoke to those very eloquently. >> in the interest of time, i will allow the other three panels anything you would agree or disagree to. isjust the point that it about people. the earlier question about how do we get the hospitals better prepared, they have to train. if you do not have trained people, your response will not be effective. that has been shown in many oth

continues.e trend we probably higher -- last year, we hired, counting junior and people,eople, 80-100omewhere in that direction. we look to expand our headcount again by 10%, 12%. erik: are you making extra efforts? are you finding it any easier to bring women into those banking roles? we do a great job of bringing women in. our entering workforce is somewhere around 50-50. we do not do as good a job as retaining them through the lifecycle and becoming a managing director. we have a number of women in leadership roles at our firm, and multiples are responsible for success at our firm. erik: you said you were not stick around until 65 is the ceo. it is it -- is it possible a woman could take over at the next ceo? ken: it is certainly possible. i will be here at 65 -- i hope i but i will not be the ceo. the whole point of that is to send a message to young people -- do your best and strive, because i will not block your way. erik: ken, thank you so much. it was great seeing you. david, a very vivacious ken moelis, who i am quite sure will still be here at 65. david: erik, thank you. fro

so, i just thank god for president trump and all the .eople in the white house all the republicans, the senators, the democrats, i just wish we could all come together and be as one and do what we need to do for our country and get together and solve this problem. larry, you mentioned marches later this morning. the march to the polls happening around the country and in washington on the one-year anniversary of the president being sworn into office. happening,ch that is following up on the 2017 women smart -- we will be covering it .- women's march we will be covering it here on c-span. it will be focused on ensuring civic and political roles for women moving into 2018, taking down at the national mall near the lincoln memorial. backed up to c-span's greta brawner. what do you have? closed-door discussions, a reporter from says nancy pelosi, the democratic leader, will hold a news conference at 11:15 a.m. eastern time. and a correspondent for cnn saying that senior white house officials tell her the president is willing to sign a three-week cr, but doubts that enough dems will report it

first point, i think we need to keep in mind that this problem has been festering for 20-plus years. .eople come to me all the time we have been at this for a year and a half or two of years. that as ao me culture, we need to learn patience and to not believe in silver bullet answers to mysterious problems like the mystery of human pain. this have not solved problem in the last year and a half to two of years, i would say we just need to keep working at it. long time for these things to exist. with regard to law enforcement, in general, some of the most innovative folks and innovative things i have seen come from law enforcement. you would think law enforcement would be holding on to the old ways of locking people up. i have been amazed at the innovative ideas coming out of law enforcement. the one you mentioned is one of them. one i mentioned in my written testimony is about the transformation of jail. i believe if we come out of this with a new kind of jail, the way the jail is run, as you see in the state of kentucky two doesn't just doing this -- two doingt -- two dozen jails , we are b

harder figure out what is going to cause the recession and figure out how to make money from it. ,eople who are good investors and people who are watching us to take advantage of this, the best way to take inventor this is to wait for things to settle by, a bit and then probably to get the bottom is never possible, when you recognize there are fundamental strengths you do make investments along those lines, the geopolitical events go away and the economies come back. the people who made the greatest fortunes are people who bought things know the bottom and wrote them to the top. i suspect that will happen again. tom: last year we had president xi speaking here. thursday and friday, the president of united states is coming. what would you anticipate from president trump within the new international relation that is upon this valley. the idea here -- idea here is the washington consensus. where is it? do you see a regime that the president can address in international relations? when it was announced i think jobs dropped because it was not seen as his crown. this was the center of the glo

how to react to in 2017 we saw a lot of those .eople have lots of frustration and i think 2018 will belar to that. .nd i think that's a good thing host: we heard from other people throughout the morning about fellow republicans not only trump. how go you think they are -- do you think they are as far as andorting president trump his goals, things he would like to accomplish? guest: i think it's an issue-by- issue coalition for him of. this is something we saw during the campaign where voters and see donald trump as a distinctly different brand from party.ublican the tax bill, for example, i thought was a huge thing for the republicans in congress. to have some sort of big legislative victory if they retain control of the senate in the house. i think they got that whether people get their taxes back this they'll be happier. i think that some of those bad numbers that we're seeing will rebound. trump, it's different. because this is a tax bill that broughtney could have to us, that john mccain or george w. bush could have brought to us. him from thes republicans in congress is his positi

i have no problem with the need to be they separated and we need to have eople coming to our country our country, not depend on it. thank you very much. you have a fwrat day, sir. host: robert, how many government shutdowns did you go employee?s federal caller: three of them. host: what is the worst thing that happened during shutdown? of people whined and cried, the worst, i mean, happened last t one we had, they put the signs up in front of the world war ii memorial, there was no reason to do that. political stunt. nobody out there everyday them.aining or guarding so a lot of those kind of things a y say will happen in government shutdown, it depends guess ts to be meaner, i you would say, instead of going gar.g had is happening to you and you, to pit us against each other. needs to be two different bills. the military will be taken care of. i said, i was telling you about the usaa and other naval union for the dependants hat are back in the states and they are worried about not getting their husband's, wives' paycheck, they will get it, just call the bank up, whatever your deposit

germany in the '20s is actually very similar to what donald trump does, the big lie, the dividing eoplethe undermining the judicial branch, blaming everyone who doesn't agree with him. things are e reminiscent of hitler and to i erstand president trump, think it helps for somebody to maybe read that book. to tommy inlet's go akron, ohio, democrat's line. aller: good morning, pedro, good to talk to you again. i have two quick predictions bout the state of the union tonight. first of all, if you remember had representative wilson his moment with president obama over obamacare, i predict there multiple you lies, you tinks different things from both sides of the aisle, not just democrats. second of all, sergeant that when the of arms introduces president rump, that members of the congressional black caucus and others, will take a knee. i think these two things, if either happen, will rattle the president so much that we'll see the true president speak at the podium. if i'm right on any of these, a coffee mug?e host: how about this, cuwatch of us ith the rest tonight on our state of the unio

think that soldiers, they went thinking hey were fighting for their country, but i think the only eoplely benefited from their fighting were people weapons, paid for the the people that sell the weapons were destroyed all over the world and both sides received injury, but if we start to love each other and see each other as one race, the race and stop the greed nd the killing, try to talk to each other, kim jong-un, i don't calling his name correctly, he's trying to keep his wealth and keep his status. thanks, caller. guest: well, i think the caller right to point out the horrors of war. with a ink she paints very broad brush when she suggests our soldiers were diluted and didn't know what they were get nothing for and hated the experience, case.s not the there were surveys of veterans done after the conflict that veterans were satisfied with their service and proud to have served. talking y experience with vietnam vets and veterans f iraq and afghanistan and conflicts today and going to our countries there is high moral along u.s. forces and especially today when our troops are all-vol

eople have little food, big inflation. the u.s. is watching. a lot to unpack there.ranian protest, do you agree with the president's read there of why the protests are happening? guest: i think we need to be ery careful, a lot of the protests do seem to be a reaction to economics, it is not lacking food or is a opportunities, it failure to do reform, to provide jobs and income people need and want. it is the fact inflation, as president pointed out deprived savings, their opportunities, it is a very oung country, where young people have stated unemployment of population that may be higher. these are critical factors. are certainly many liberal that want more socie society, that are calling for change change, but we need to be careful, the president tends to a very hard line. host: the protests going on for world a week, with the community taken by surprise by the protests happening now? are alwaysink people taken by surprise when you have this happen suddenly. back at the economic forecast, they actually were a more favorable than they have been in past years and her

they jumped the line ahead of eople who started the process legally.nd money back to their country, the currency exchange which is ge for them, fine, but whose job did they take? whose opportunity did they take? 11 children, your children had 11 children living here, did or put for schools school board taxes in to the schools they were going to? grandparents had to bust their knuckles to vote in this and ry and they come here get resources necessary to them? host: thank you. uest: thank you for the question. you raise a big issue that ctually will highlight one of my -- for the state of the union. immigrants who come to this country, who can pick up a weapon and fight overseas in a zone and if they ie, the government will make them a united states citizen. but if they survive, they can to the country and still be deported and that is a tragedy. i think,eal injustice, and this is something we have heard some colleagues on the aisle say thathe they want to help support and fix the situation. immigrants come to this country, contribute to the economy and