here he is with erik schatzker. erik: i would like to welcome viewers and listeners worldwide -- lee, good morning. you are being sued by the fcc. clients are withdrawing from your fund. most money managers would be in hiding right now. why not you? everyone has to act according to their own set of values. if this happens to a 30-year-old with no money, you are out of business. it happens to happen to a 73-year-old who is financially well-off and i value my legacy, i've done nothing wrong. i take comfort from that fact. ken called me up and said that totallye that resonated with me. i've known you for 40 years, i've been investing with you for 10 years, i know what you stand for. the best $30 million i ever million that$30 don't give them a dime if you've done nothing wrong. this has cost me substantially more than they want me to give them. business,ees and lost astronomical. i've taken sad -- the giving pledge with warren buffett. i want to get my money back to society. with my children and grandchildren and my wi

erik: erik: you've noticed that the fundamentals are getting incrementally better f. not by much.rse, that trees don't grow to the sky. how much longer until this cycle turns? brian: it's interesting. at our company, we have the principle of responsible growth. so when you think about that is that we've got to grow and win in the market, we've got to do it the right way and we've got to do it on a sustainable basis. it's why we balance the company. we spend a lot of time talking about the markets business. a billion out of five billion in earnings. we've got other businesses. so our job is to keep it balanced. we take the same approach. stay the prime sector and consumer, keep a balance between commercial and consumer. understand what you do and what you don't. you can always grow because there's always activity that sets those parameters. commercial real estate, there will be a bull pac. we erik: are you pulling back now? brian: we've kept it relatively flat, grew it a little bit and we're talking about where we can grow. it's a client by client, building by building decision, no

after nine years of celebrating erik's prison milestones.... mom linda is anxious to go back to celebrating more traditional worrying about the more traditional concerns: "well, if he can find someone that he really loves and start a new family before i'm too old. i'm already there. " portland, oregon! an unlikely hero emerges in an eye- catching outfit after tackling a gunman inside a crowded train. the indigenous way. that's how this man in a nativ american headdress, who calls himself rambo richardson -- says he overpowered a teenager with a gun. the teenager had just shot at someone he was mad at. richardson took the teen's gun away and held him down until police arrived. thankfully, no one was hurt. coming up, one last flight for the world's scariest landing. why this huge plane will no longer fly over the beach. coming up tonight on 10 news and c-b-s. starting at 8:00, the big bang theory, followed by the series premiere of at 9:30, life in pieces. at 10:00, the series premiere of pure genius. then tune in to 10 news at 11. don't forget t

erik: i am erik schatzker.rded two been holes from of m.i.t. for their work on contract theory which looks at how contract can be designed to encourage mutually beneficial behavior. weisenthal. >> contract theory expert. long admirer. my impression reading of today is economists when they saw this saw great choice. paul krugman said i was surprised they had not already won it. i don't think they were names.ld i was not familiar with their work before this morning. erik: there is a lot that goes into contract theory. whole strong -- holstrom i noticed is being recognized in part for his work that executives should be compensated. in part by a company's stock price. can be dangerous. >> the gist of the work is how you align names. i was not familiar with their work before this morning. erik: there is a lot that goes into contract theory. whole incentives with parties that have different interest. this applies to executive pay, a ceo forg performance but do not want them dotake it record of risk -- not want them t

erik: so, goodness me.e're talking about potential for $1.2 trillion if not more in bad chinese debt. the catalyst question. what is going to force the chinese to do something about it because it would seem, based on past behavior, that if there's no need for them to recognize the bad debt and get it off the balance sheet, they won't. >> it's again a good question. one we wrestle with ourselves. i think what we believe is the force of the magnitude is the bata list which is that amount of bad debt cannot be solved with domestic capital. the chinese ultimately are going to have to attract ultracapital to help remediate these issues. we're preparing ourselves to be ready when it happens. erik: how long do you think it takes? >> i think it will be sooner than people think. erik: i'm not sure whether that's bigger than a breadbox, smaller than a volkswagen. >> we believe this is an opportunity we'll see evolve over the next couple years. we don't think it's a decade away. it's not months away. it's going to hap

erik schatzker is standing by. when henry kravitz once to know what is going on in the world, this is the man he turns to, henry mcvey, head of global macro and asset allocation. welcome. talk about emerging markets. you believe in emerging markets have bottomed. why? >> first is we are about 72 months into emerging markets just having terrible performance. -- typically get erik: what goes down eventually has to go up. you'reer two, i think starting to see a bottoming in the emerging market currencies. the last five years, emerging-market equities have given you about 1% performance. when you adjust for currencies, it is minus five. it has been a huge drag. i think some is related to the fed having a more dovish path. the second thing, many emerging markets, because they overstepped boundaries a couple of years ago, have tightened up deficits and raised rates. you think about brazil, it is not growing, but you're starting the easing cycle. in the past, you had been tightening. similar story in a lot of the asian co

erik: that gives you an advantage?ave been a ceo and a bank that in europe when i worked there. even though i tried for three years to come up with a truly meaningful purpose for the bank, it was much more difficult, but in a pension plan, in that sense, we have a truly meaningful purpose we can use and long-term money. we do not need to flip our portfolio every five years for the long-term part. it gives us an advantage. there is a lot of smart people out there. erik: as we have alluded, ontario teachers was pioneered in the pension plan industry. it develops the direct drive model, bringing the investing activity in house and doing it yourself, including private equity investment. how does teachers innovate next? what does it need to do to deliver the best return for its beneficiaries? bjarne: we continue to do what ontario teachers has been doing so well for 25 years, continuing to focus on hiring the right people, building relationships in the private area. we expand where it came from, but not resting on our laure

erik, 6th grader who had accident "we only have four minutes to go to the bathroom so i don't really have enough time cause you're always in a rush" those four minutes 11-year old erik orozcu is talking about.... are the four minutes the students get for passing time between periods. alex haws, schofield middle schooler "they said you could do it in your passing time but your passing time is only 4 no. that's when the accident happened. so once again, he asked permission to leave the room to get himself cleaned up. sam orozcu, father "she didn't realize he had peed his pants and told him no again, you can't use the bathroom" finally -- erik made himself clear. erik, 6th grader who had accident "she kind of felt bad about me" he was sent to the dean's office -- n the health office. sam orozcu, father "he had to walk through the center of his classroom....to tell the teacher he had an accident" once erik got to the nurse's office.... he waited for his mom to come get him. sam orozcu, father "when she arrived at the school - she in his own pee" erik's parents are so disturbed by what ha

erik: i do not think it is computers. it may have been for a minute or two, but starling has a huge account deficit. the news that people have started to wake up to over the last day or day and a half is this is not just about soft versus hard brexit. theresa may is lining out and ambition from britain which is very different from anything the people in the market and business friendly people would think she would do. tom: in the meeting and birmingham boris johnson was in the audience. how far away is prime minister may from the body language we saw the evening before brexit? erik: i think she is very far away from it. she is on a different planet in a sense. board johnson is sidelined. -- boris johnson is sidelined. he is there because he has to put brexit into the ministry. tom: do you have in your head, and you live in london and have for years, do you have a trip point for sterling where the dialogue changes? if you have bond prices go down, yields go up and there is a moment when people shift from yield analysis to

erik: what about vanguard?l:bill: we have done everything organically -- erik: i know, that is why i asked the question. never hereever says is an interesting thing, we never have a growth target and we never spend that much time internally. we spent a lot of time trying to focus on how can we create the most value for our clients. growth has taking care of itself as a byproduct of that. i think we will continue to drive towards that. matt: that was a vanguard ceo bill mcnabb. until earnings are coming up. this is bloomberg. ♪ matt what you -- joe: what'd you miss? whoever wins next months election, the path towards passing your deals may be difficult or undesirable depending on who wins. this is the number of mentions of the word "isolationism" going all the way back to march 2000. it flows of every once in a while, not really surprising. peopleperiods of stress cite our country is going to be engaged in a new round of isolationism. but look at the popularity of brexit, donald trump -- you see a surge in the s

. >> let's go to bloomberg's erik schatzker in washington. erik: it was a close call. that was the main headline from the minutes of the fed's policy meeting. the minutes reveal a more divided fed than a 7-3 vote would suggest. several members said it would be appropriate to raise rates "relatively soon so -- "relatively soon," so what is all the fuss about? it is about labor market slack. the three dissenters, who wanted to raise rates, believed conditions of the labor market are already tight, and keeping rates easy pushes unemployment to an artificially low level, that is what they believe, sparking an inflationary irony -- prior that could force the fed to hike so fast the economy tips into recession. >> a lot of market participants find it hard to believe we could see the economy overheat, even if low rates are kept lower for longer. >> right now, we see inflation below the fed's 2% target. it has been there for a while. inflation expectations have come down. the best type of central-bank policy is one looking through the front window of the car, rather than the r

erik: what do you want? >> from us at omers, we will be here for 10, 20, 30, 100 years, having them tell us what they think the fed is going to do is not relevant. we want to bring great transactions. we have done that in many cases. there are lots of great partners on wall street that have actually brought us transactions that are vertically aligned. they will succeed in partnership is very powerful. erik: do you think more operate likeuld pension funds. think about things in the long-term and not be -- as we an industry built around trying to predict whether the fed is or is not going to raise interest rates in december, whether you should buy tesla today and sell it tomorrow? >> every investor should focus on the individual of liability stream. if you're 40 years old and need $100,000 when you're 60, solve that equation. that's a different point from saying i'm going to say i have no idea what the stock market is going to do. it create that behavior. you might sell securities just because it went down two

erik: thank you for spending time with us.uricio cÁrdenas, the finance minister of colombia with us and washington, d.c. vonnie: thank you both, how to the end of the day in europe finished? , the stoxx 600ay was down about 5/10 of 1%. the ftse 100 down 16th of 1% after a record high yesterday. let's switch the board and look at currencies. it impacted the euro yesterday here in euro sterling down to tenths of 1%. that is it for the european close, this is bloomberg. ♪ are you on medicare? do you have the coverage you need? open enrollment ends december 7th. so now's the time to get on a path that could be right for you... with plans including aarp medicarecomplete insured through unitedhealthcare. call today or go online to enroll. these medicare advantage plans can combine your hospital and doctor coverage with prescription drug coverage, and extra benefits all in one complete plan for a low monthly premium, or in some areas no plan premium at all. other benefits can include: $0 co-pays for an annual physical and most immuni

erik johnson has more. erik: thank you.d trump's 53 of m putin is unprecedented in american politics -- flattery of vladimir putin is unprecedented in american politics, one says. the president took russia to task over actions in ukraine in syria. president obama: we think russia is a large importing country -- important country with a military that is second only to ours and has three on the solution to the world stage rather than part of the problem. but their behavior has undermined international norms and rules in ways that we have to call them out on. president obama said the u.s. has not been approached on russia's legitimate interest. and donald trump take the stage tomorrow at the university of nevada, las vegas, for a third and final debate. news saysace on fox he plans to ask questions on debt, immigration, the u.s. economy, and this up in court. the donald trump campaign has invited the mother of the mother killed in benghazi, libya, to attend the debate. assange haslian been cut by ecuador. londonbeen holed up i

erik: looking at third quarter sales, 5.9 billion. of the cost, taking them out of the business and giving guidance on those lines? >> over the last few years we have transformed philips and separated lighting away from the health technology activities. since may, we are focused on driving health care solutions into the market, helping customers to get better patient outcomes at lower cost. by being a focused company we are able to further streamline our own internal operations. with a growing top line, we have 5% revenue growth in the quarter, and margin expansion we were able to generate a lot of net income and cash flow. >> a big day for auto earnings. fiat, chrysler and gm earnings beat estimates. we keep saying, things will top out and things will roll over, then the numbers come. what is the story? >> gm had a record quarter. it was driven by business in north america, where we expect sales to plateau. ford has been saying that. gm has really boosted earnings by focusing on retail sales to individual customers and dialed down lo

tom: that is correct, erik. great a restaurant business that they are working on turning around. trying to turn around sales takes time. it has been three years, which i think is a fair amount of time without any result in terms of salesizing or improving at the restaurant. they also have a very bible packaged food business, and this is the interesting thing about bob evans -- if they were to separate the packaged food business, we would expect that thanvans is worth 15% more it is today. erik: the reason you and i are talking is because, it is than three years and it is time to raise the ane. getain what it would do to the company to break up? tom: shareholders can raise forr voice, and either vote purely toal which is separate the packaged food business that frankly has no synergy with the restaurant. this is something that the ceo .as stated publicly so people might be wondering, you get other shareholders onside, but it is not binding. it does not force management's hand. tom: that is correct. what you are l

you have -- erik: do you have it?hink over time, yes, and there will be very interesting opportunities there. erik: what about saudi arabia? you've been bearish on saudi arabia, the middle east in general. clearly they're having problems, fiscal issues. they just did a $17.5 billion bond deal. tom: i think our view on saudi arabia is that it is in the best interest of saudi arabia to allow for a free-floating currency and there will be enormous advantages in the long run, particularly as they tament to attract capital to transform their economy by allowing that to happen. we're not talk a specific view on the relative health of the saudi economy. we're simply looking at the reality of the current global situation with respect to the competitive nature of oil and saying that for them to transform their economy, one of the great levers that they can pull, that would be very beneficial to their economy, would be allowing their occurrence industry flow freely. erik: the gulf region has sold $150 billion in debt so far thi

erik o-roz-cu's upset this happened to their son. erik says students are encouraged to go during their four minutes they get in between each class. but they don't always have time. when erik asked to go to the bathroom -- his teacher said no... moments later --- the 11 year old had an accident. "i walked up to her and said can i please go to the bathroom, no she said, and i sat back down and i kind of went" news...they're working to educate their teachers so they will let students go to the bathroom every time they ask. this morning supreme court justice ruth bader ginsburg has some harsh words for colin kaepernick. what she thinks about his recent protests. then if you liked the hit comedy "bad moms" get ready for part 2...but something will be very different! he's divisive and dangerous. "uh, i don't know what i said. uh... i don't remember." but congressman hardy supports trump 100% and said he'll do whatever trump wants him to do. hardy even said people with disabilities are a drain on society vernment. donald trump and congressm

one of those women, lara trump is married to donald's son, erik.this exclusive interview. >> so you're involved in this florida women for trump. what are you hearing? >> my gosh, why women want to be for trump? >> i've been in north carolina, ohio, pennsylvania, florida. >> you're talking swing states here. >> we're going to the swing states, virginia. we were just in virginia. women are concerned with national security. they're concerned with the future of their children and they know that donald trump is going to protect this country. he's going to bring jobs back. he's going go get this economy back up and running and make sure our educational system is ranked better than it is, which is 30th right now and this is a man who gets the job done. if there's anything you can say about donald trump, his record will show you record, when hes he says he's going to something, he does it. >> what do you say about the allegations in the press? >> every woman that comes up to me says we don't believe it, we don't buy it, we know what they're trying to do. w

erik: everybody should be voting.ne aspect of post crisis recovering has been this low pace of business spending. what do ceos tell you about why they have not been spending? seeael: in some areas, we reactive spending. security, they are very worried about the whole cyber security world. the tools, wend see more and more organizations realizing if they don't have the best and most modern tools for their workforce, the workforce is not going to want to be there, yet productivity growth is a huge problem for the economy. as tof it is normalized firms both utilize the same tool and productivity gets washed out. to morehave access information and the president had 25 years ago for free. there are some big changes going on. i think both political parties have been calling the economy much worse than it really is. erik: you don't see it is that bad? michael: i don't. the u.s. economy is in a far better spot than most economies around the world. the view thathare the surge we have seen in the public sector debt, the rise of

erik: i acknowledge the process, and i'm not trying to be unfair.r we had 66% down to 64%, and we earn $5 billion after taxes last quarter. return on equity, 10.5% to 11%. we are fine. can we continue to improve? yes. there are financial reasons in this environment that our business model will not earn what it will earn in a different environment, largely driven by the nominal rate structure. as that rises, we will make a lot more money. we have $1 trillion. that provides us a huge stable base, and that will earn a lot more. we will not be any smarter or dumber, we will discern a lot more money, and that is partly because the business is structured to do that. we have core accounts to drive that. that is $50 billion, $60 billion year-over-year growth, four or five quarters in a row and continuing to grow. that puts us in good stead for the next several hundred years. that is what you are after. responsible growth is it. we don't reach on credit. are credit came down again this quarter. people say it can't get any better. we are down 40 basis points,

33 year old erik a. ynnocencio and 30 year old fabian j. melendez. it's though they're hiding in the racine area or waukegan, illinois. we've arrested a good portion of the gang, obviously there are still aspects of the investigation which are on going, so we will continue to target, but i can say with a certainty that we took out the leadership and the greater chunk of the gang membership in the area." if you've seen the two guys they're fbi at ((cg of number)) 414-276-4684)) or your local police department. live, el, cbs 58... m/m back to you. it's been almost a year since the f-b-i pulled off an operation of this proportion. proportion. 11-months ago, the fbi teamed up with other agencies for a raid on the so-called "wild taken into custody....authoriti es also confiscating heroin,

erik: how would you describe your state of patience?partners giving you the breathing space you need, or d feel like there is a fire under your behind and you have to invest? >> the only time we feel pressured to invest is when you see the broad credit markets trading at high yields. erik: like january or february. >> like january or february. you want to know the nature of the risk. at any other point in time, investors know we are able to find interesting investments. they are comfortable with us being patient. like are point in time, present, where you have to rely on a level of patience to wait for the next great opportunity. ♪ erik: is it getting harder to find companies that neither kind of work you do? is there last low hanging fruit that it used to be? >> we are always searching for companies. before all of the companies we are looking for, even though we have grown, hour before leo was roughly the same size. we are looking for the same or similar numbers of new companies, new lead positions each year. is three to seven new lead

erik: we're not projecting a major selloff.slightly underweight for the first time this cycle, but not a major selloff. we are saying there are better opportunities in europe and emerging markets in credit. even in this context, with big elections we do not think a properly priced in the market, we are reducing overall good folio risk with equity risk down and maintaining hedges. we are swapping treasury exposure into tips. you have something liquid that buy assets ifto there is a selloff and you get inflation hedging. jonathan: elections are not priced in? which ones? erik: elections in general. we are not rejecting an outcome in november. until this week it was the 12 to 14 not pricing in adequate uncertainty. i was in london on the thursday or friday of brexit and you saw the degree of surprise and disconnect between what the experts were saying and what happened. odds of ahink the democratic sweep or trump surprise have been priced in. keeping the risk low or reducing equity exposure, keeping tips moving into return to take

inga from poland and ali from italy are some of erik nobles' guests.ern young people, socially involved, and curious. molenbeek is colorful, exotic, and multicultural, but only half the people here are employed, and crime is part of everyday life. this is not your typical city tour. >> sure, at first all of us were a little afraid to come here, but now that we're here, i see there is no need to be so much afraid because things happen. but not everyone is as bad as we'd think. >> there was a funny situation on our tour. someone waved to me and called out, "hi! there are no terrorists here." [laughter] >> but there were terrorists in this neighborhood. one of the planners of the paris attacks, salah abdeslam, was captured in this building in a police raid in march. sightseeing that puts shivers down your spine. molenbeek residents say the paris attack has ruined their image. karim naciri, an 18-year-old belgian with moroccan roots, loves his district and likes to sketch everyday scenes. he doesn't mind an increase in tourism, but terror-tourism is someth

i share talking to erik schatzker.nie: still ahead, oil splurging with $50 a barrel ahead of inventories. this is bloomberg. ♪ when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. great, that's what i said. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. vonnie: live from bloomberg world headquarters in new york and london, i am vonnie quinn. nejra: and i am nejra cehic. oil approaching $50 a barrel, the latest industry data out in just seconds. julie hyman joins us with the latest. julie: as we await that data, we should note that industry data out last night showed a 7.6 million barrel drawdown in oil and we are seeing a drawdown can firm by the u.s. of nearly 3 million barrels. we did see a building gasoline in

alix: we go to bloomberg's erik schatzker who is with henrique meirelles. erik: mr.tions for brazil is very high. narrowing.e been all of these expectations are largely predicated on the passage of two key pieces of legislation, a cap on fiscal spending and also social security reform and pension reform. you and president are certain the spending cap will be passed this year, correct? henrique: yes. we had been talking to congressman on several occasions , etc., and at this moment, it is quite clear the importance of controlling the growth of public vote by and there was a a special commission, which was sure thate for making they are recommending the approval or not. 33 voted in favor of recommending it. the honor i had speaking to the president, he was not so confident about social security reform. why is that? henrique: social security reform is more complex. think we are confident that the reform is going through very there are several points of what is thelike position for men -- what is a position that's what is the wages for men and for women. erik: i hope the

erik: i feel the need to pin you down.re you endorsing bitcoin as an alternative to the financial markets? it for theing unconstrained fund? bill: not much about block chain trying to keep up with other periodicals. so no. bitcoin itself moves up and down in value much like gold. it is not necessarily the stable currency. eventually lead to alternative stability compared to the current system now. we should look ahead as opposed to behind. can you think of anything else investors should contemplate if they are losing faith in the currency? betty: sure -- bill: sure. it stretches the imagination to some extent. diamonds, cannot buy expensive paintings and those types of things. even those are not sure things in terms of maintaining value. but if things really got stretched in terms of negative onerest rates and the tax owning the deposits in the particular bank, mom and pop and that ismething only reasonable. erik: go ahead. bill: go ahead. i am done. erik: i was about to say we are all watching one of the slowest slow-moti

erik: like january or february. >> like january or february.e you buying and what is the risk you are putting in the portfolio? the nature of the risk. at any other point in time, investors know we are able to find interesting investments. they are comfortable with us being patient. that is an important part of pursuing a strategy. the.re are point in time, like present, where you have to rely on a level of patience to wait for the next great opportunity. ♪ erik: is it getting harder to find companies that need the kind of work that you do? is there last low hanging fruit that it used to be? >> we are always searching for companies. >> that is your job. >> that is our job. but for all of the companies we are looking for, even though we ise grown, our portfolio roughly the same size. we are looking for the same or similar numbers of new companies, new lead positions each year. that number is three to seven new lead investments. it is not a huge number. i would say on the one hand, you might say it bite be harder to find the. -- it might be harde

erik: the call has been on for about an hour.a lot ofes boilerplate, a review of the business in third-quarter which does not reflect the fallout from this fake account scandal because it broke at the beginning of september. the fallout to the degree that there is any is limited. since the analysts started asking questions, the stock has gone into negative territory so ,hat tells you a little bit more than anything else, investors are probably a bit disappointed in the lack of information coming out. the ceos have been asked what kind of an impact this will have on wells fargo's business and its earnings going forward. yes, we are going to have to hire more compliance people and people in risk management. it is going to total tens of millions of dollars in costs every year and the bank expects costs as a percentage of revenue to rise over time but still coming in over the top end of their guidance to investors. once again, all we hear for the most part on this call is it is tough to anticipate how much it is going to affect the e

he discussed the state of banking in an exclusive interview with erik schatzker.ue has been dropping, regulation has been increasing. the only way to boost profit has been by slashing costs. where are we now? have we bottomed or is there further to drop in this industry? >> coming up the highs in the revenue basis, you probably bottomed. , our costsast year went down 3%. growthcremental revenue in an environment that is growing 1.5%. technology,g replacing paper with digital. that can go on for a long time. the 20 billion a year we took out is really driven by a need to really move the cost structure. erik: the economy does remain a question mark. loan demand can be a leading indicator. what is it telling you? >> the thing about the u.s. economy, it's driven by consumers. the most consumer-oriented economy in the world. consumption is big. our customer base is spending 5% more than they spent last year. k: the 1.5% economic growth environment will accelerate? >> what's going on with companies and things like that. here, they are basically a little bit better than

erik waxler abc action news. >>> also right now hurricane the cold bearing down on bermuda. look at this category two storm, a round of dangerous storm surge now that the eye has passed over bruno. >> isolated tornadoes are possible let's move over to meteorologist shay ryan. >>> the biggest concern will be the tropical storm to the near hurricane force winds the island will continue to see on the backside of the system, also a significant storm surge about 6 to 8 feet we are still looking at 5 to 8 inches of rain tonight to fall on the island. again it is weakening as it moves northeast away from the island. moving at 21 miles per hour, moving quickly and it will be a category one storm by tomorrow afternoon. and it will continue to dissipate in the atlantic. improve throughout tonight but it is dealing with strong winds , hefty storm surge and rainfall totals. as far as our weather is concerned, fabulous, a glorious day out there, tonight is looking the same, mostly clear skies and mostly dry conditions temperatures falling from the 80s into the mid-70s by 11:00 tonight. t

erik waxler going over the recordings as we speak, he will walk us through all of them tonight at 6:00. >>> deputies say they could use help tracking down several dangerous suspects, in tampa police are looking for five men you see in these photos who might know something about a murder over the weekend. someone shot a 17-year-old to death at the temple motel on e. busch blvd. police are not releasing a motive but they say this was not random. the suspect shot another person. deputies in polk county say this video shows two men using a stolen moving truck to stash their whole from robberies. couple hours after stealing the u-haul. you could they can be seen taking them over and other equipment. the u-haul has an alaska license plate. >>> details about a deadly hit- and-run that could help track down the person who left a 41- year-old for dead come overnight patrol troopers say a ford super duty truck hit and killed c the ford might be from the 2009 model year or newer. >>> as your kids get ready to go trick-or-treating, tampa police are making sure this halloween is a safe one for you

right now erik waxler is going through all of the calls, we will bring them to you at 6:00. >>> a reward for information leading to the arrest of a driver who hit and killed a tampa woman answers the injured a deputy. the hit and run happened on state road 60 near lake wales, call crime stoppers if you can help. >>> in 30 minutes mike pence will be rallying supporters at the clearwater airport. donald campaigning in other battleground states tonight. >>> did a publix employee go too far to stop a crime? good evening i'm paul lagrone. >> and i'm laura harris. a woman who got her purse snatched is calling a grocery store manager her hero. but we found out the manager who came to the rescue is being >> i haven't worked since february. >> so she needs every dollar in her pocketbook. last week she needed it to get a few groceries while walking down a store aisle a teenager ran past and yanked her purse out of the cart. thankfully store workers heard the cries and a manager took off chasing down the purse snatcher through the parking lot. finally grabbing old. >> absolutely we feel he did the

erik: i was at texas motor speedway for my graduation. before the race started driver intros i was wearing my cap and gown d went on and raced. lauren: then, doc emrick is the voice of the national hockey league and you will meet the man: the first time i ever met doc emrick i never expected, again much like myself, that it would turn out the way it did. lauren: and when justin timberlake isn t making chart-topping hits he s helping the next generation of golfers fine-tune their games. justin: you know how much i rehearse for a show, when i get out on stage i just trust all the work i put in and get out there and stop thinking.

erik: you raise an important point.ssue to or that needs to take advantage of tech knowledge he. as you know, every single day it gets easier for companies to migrate data to the public cloud . amazon and microsoft are making the cloud cheaper, more scalable, more ubiquitous, and more secure. as relevant toin cio under those conditions? >> -- how does dell remain as relevant? >> the cloud is a way of doing i.t.. what it has run is created automation that has made it easy to cio under those conditions? >> move workloads. it turns out this idea is not x uses to the public cloud. experience because we have been selling billions of dollars to the cloud for years. betweenest difference what they are operating in the mega clouds and what the individual companies have operated in is the software. modernizing the data automating wen are able to bring customers as set of alternatives to make the on premise infrastructure much more relevant. workloadsu will see figuring out by company, where is the best place to put them? some wi

erik johnson is in our london newsroom.ials in bermuda are warning people to prepare for hurricane conditions as tropical storm nicole intensifies. passtorm is expected to over the islands early thursday. it has maximum sustained winds of 60 miles an hour in the cold is expected to strengthen into a hurricane by late today or early wednesday. hillary clinton leaves donald trump in the latest national election poll. 46% of theld receive vote and trump 41% in a two-way race for the presidency according to a political survey. gary johnson at 10% and jill stein with 3%. russia and china made jordan voices to minimize the threat posed by the u.s. missile defense. russian military officials say it would upset nuclear balance and a road global security. they dismissed claims by u.s. officials that the system is needed to fend off threats from north korea and iran. and russia held military defense drills this year and plan more. putin has indefinitely postponed a visit to france. that's according to the kremlin. his decision follow

erik: that term you used a couple of moments ago, astronomical.o the firm has dramatically impacted the opportunity for professional growth for my 43 partners and associates. what is astronomical, exactly? leon: we have dropped from 7 4 billion. goldman sachs pulled out. there are others. from a wonderful call gentleman who's been with me for 25 years and he said you've made me a rich man, please do not retire. do not send back the money. we are working very hard to deliver the investors the returns they deserve. job one right now is to deliver returns to investors. credit funds are up 14% this year. our equity fund is up 7% this year. our do everything fund is up 5%. there's competitive returns. job number two is to convince a jury of my peers that we've done nothing wrong. i would be shocked if we don't win. ♪ caroline: you are watching "bloomberg best." on monday, russia and opec announced a commitment to work on joint measures to curb oil output. that is a far cry from the global deal that has specific provisions to reduce the global supply le

black hawk county sheriff's deputy is on administrative leave -- for a weapons violation. 34-year-old erik er a loaded gun on him while drunk. kwwl's macleod hageman joins us live in waterloo with more. mac? it's all right for sheriff's deputies to carry a gun outside work -- in fact many do. but regardless of the person's position -- if they're under the influence -- their conceal carry permit is void. this is erik mcfarren six years ago -- serving in deputy in trouble after caught intoxicated with a loaded glock -- (nats... gun stephen foote carries. "it can be a game-changer for him if he's convicted of this unfortunately. it's just a lapse of judgement. if you're carrying a firearm, you have to be more responsible than everybody else." police say mcfarren blew a point one six nine blood alcohol conentration -- three hours after the incident. "the general rule of thumb, if you're intoxicated and carrying a gun, you are subject to being charged for it." "according to court documents, waterloo police were called here around 3:30 friday morning for an assault. moments was taken into custod

erik schatzker is standing by with a special guest. erik: thank you.desk would be -- my guest would be dick weil, who has agreed to merge his firm with the henderson group. this is being billed as a merger of equals, as you know. a merger of equals can be a tricky thing to pull off. in this case you are trying to really make it equal. combining the boards, giving each of your executive teams equal representation. it's hard to see how tough decisions are being made here and the merger requires tough decisions. that's a good question. there is history in the marketplace for folks to enter into transactions with that label, but perhaps beneath the surface maybe it's not quite so equal. the boards being split with co-ceo's drawn in a balanced way and i think it is truly a merger of equals. why is it better to have two ceos sharing the responsibility when everyone knows it's difficult to pull off ? and the that is why so few companies intend it. erik: andrew and i started talking in february and have known each other for many months , traveling to tokyo tog

erik: is that what he will do? are ready to litigate which is why i think eventually with the , it's ination leaving everybody's best interest to settle. so the prosecutors can put the trophy in the case? >> yes, before they leave. probability that a settlement happens is high. having said so, deutsche bank has a tough argument. they never made any money in the u.s. in the last 20 years. it does not need the u.s. and the u.s. does not need deutsche bank. crinethat's not what john says. >> you want to keep your dollar base. the largest market in the world is the u.s.. david: if there is a fine that comes out of litigation, could it affect the company? they still of the money and the unit -- on the u.s. can go after them in germany. they don't just get to say we go home. issue is how much you pay. you pay what is fair. right now, we don't have the details. disclosure, there are similar cases that should be in the range of $45 billion and that's why the market is puzzled. if you go to litigation, that would become pub

check on what is going on with the afternoon rush hour erik: thank you, sir. this is a tough westbound ride from the capital beltway past 123 or so. to the beltway, glance around with several spot of slow traffic. this is not going to let up soon. heading to the bottom side of the beltway y eisenhower avenue from the connector to wilson bridge. inner loop slow in spot. tough stretch. live look at the cameras around the beltway. inner loop past georgetown pike. on the mere side of the screen you can see the inner loop delays and the onramp jam-packed to merge together. that is tough. further north up to the legion bridge as well. both directions you can see the delays. one more glance up the river that is all from the traffic center. back to michelle. michelle: all right. thank you. next on "abc7 news at 4:00" -- >> they spent $14 million. but officials it will help >>> oversized kitchen with stainless steel appliances outdoor patio. there is a professional gym with the treadmills, weights and a jacob's ladder climbing machine. fire chief scott goldstein says i

here is erik smith. erik: thank you, steve. this will be a tough ride out there. this is just really slow for the soggy afternoon. zoom in on the toll road for the interloop. bridge through bethesda. not much letting up here for either direction at this time. the inner loop is worse. we take a look at the 295 in d.c. this is schloy for both directions. but northbound to the baltimore washington parkway. a ton of volume out of the city. that is all from the traffic center for now. back to you. michelle: thank you. today polls are open for early voting in maryland and the lines are already busy. as take part in the period. if you haven't registered yet, you can register in person at the voting location and then vote. early voting lasts until november 3. jonathan: former maryland governor and presidential candidate marty o'malley spent time campaigning for hillary clinton. he is leading a class at the american university. i appreciate you taking the time. >> thank you, jonathan. jonathan: the first question in reference to your class is america more polarized now tha

inga from poland and ali from italy are some of erik nobles' guests. young people, socially involved, and curious. molenbeek is colorful, exotic, and multicultural, but only half the people here are employed, and crime is part of everyday life. this is not your typical city tour. >> sure, at first all of us were a little afraid to come here, but now that we're here, i see there is no need to be so much afraid because things happen. but not everyone is as bad as we'd think. >> there was a funny situation on our tour. someone waved to me and called out, "hi! there are no terrorists here." [laughter] >> but there were terrorists in this neighborhood. one of the planners of the paris attacks, salah abdeslam, was captured in this building in a police raid in march. sightseeing that puts shivers down your spine. molenbeek residents say the paris attack has ruined their image. karim naciri, an 18-year-old belgian with moroccan roots, loves his district and likes to sketch everyday scenes. he doesn't mind an increase in tourism, but terror-tourism is something

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still looking for two 3 others...erik a. ynnocencio, public asked to call fbi at 414-276-4684 or local pd if they're seen "we have them in a locale of the racine or waukegan illinois area. we don't have any reason to think they would have gone any distance from there, but obviously with any fugitive cases we don't know." know." the waukesha county jail mistakenly released a man today...and are asking for the public to keep an eye out for h. him."j" dustin palubicki finished his time at the waukesha county jail for a he's wanted in forest county, and should not have been released. he was let go just after nine this morning. police say he's not a danger to the community. but are asking anyone who sees him to call police. back in april -- the waukesha county jail mistakenly released ?another? man early because of an inmate processing error. 3 employees and shoppers given the all clear this afternoon after a bomb threat closed a walmart on miller park way this morning. police swept the parking lot and the store but say nothing s

erik: in some cases, not have investing would have produced a better outcome.eturn. >> yeah. harvard was down. some of you went to harvard, right? harvard is down 2%. somewhere around there 2% to 3%. , they should have stayed in cash. and yet, yale is up 2%. the pressure is great on everybody. ultimately, you have got to produce. so look, there is always opportunities out there. it is just -- people give you money. you've got to make the money. erik: so you are only charging on investment capital -- >> the vast majority of what we do is on investment, yes. erik: how much pressure do you feel to invest? how much pressure do you feel to invest? clearly, the pension funds are under pressure to allocate capital. they have got to generate a positive return. >> we don't feel that much pressure to invest because we are trying to invest in areas we know there's quite a bit to do. right? i think in energy, we think there is a lot to do. if you give us capital, we will put down money, that will work pretty fast. i think i would feel under a lot of pressure if somebody ga