more over, our closest allies in europe or asia, much less china or russia, certainly are not going to agree to enforce existing sanctions for another five, ten, 15 years, according to the dictates of the u.s. congress. because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that iran cannot have peaceful nuclear power, and it certainly wasn't based for a desire for regime change in iran. as a result, those who say we can just walk away from this deal and maintain sanctions, are selling a fantasy. instead of strengthening our position as some have suggested, congress's rejection would almost certainly result in multi-lateral sanctions unravelling. if as has also been suggested, we try to maintain unilateral sanctions, beefen them up, we would be standing alone. we cannot dictate the foreign economic and energy policies of every major power in the world. in order to even try to do that, we would have to sanction, for example, some of the world's largest banks. we would have to cut off count

more over, our closest allies in europe or asia, much less china or russia, certainly are not going to agree to enforce existing sanctions for another five, ten, 15 years, according to the dictates of the u.s. congress. because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that iran cannot have peaceful

roosevelt, what would be your answer to be geographically secure from europe or asia. and they are able to do the whole of europe including great britain. that includes the ability to produce this far beyond our own ability to do so. >> she goes on to talk about how with the long-range bombers the idea of the war in the middle of the country also takes on a brand-new sensibility and we are now accustomed to an informality and part of the problem is that they also needed to end on time. and so that is her with the isolationist speech. the next one i'm going to play as the most important of her career, which is december 7, 1941. it's a sunday morning. franklin roosevelt working on having some coffee with one of his aides who was a friend. and that is not the usual. shortly before 2:00 o'clock the white house and the president gets a call. and it doesn't go over and talk to them because there could be all kinds of officials and cabinet members pouring in. he starts working both on what the response will be in the broadcast that he is going to make the next day to a joint

moreover, our closest allies in europe or asia, much less china or russia certainly are not going to agree to enforce existing sanctions for another 5, 10, 15 years according to the big tates of the u.s. congress. their willingness to support sanctions in the first endingas based on iran its pursuit of nuclear weapons, not based on the belief that iran cannot have peaceful nuclear power. it certainly was not based on a desire for regime change in iran. as a result, those who say we can just walk away from this deal and maintain sanctions are selling a fantasy. instead of strengthening our position, some have suggested, rejection would result in sanctions unraveling. if, as has also been suggested, we try to maintain unilateral , wetions, beef and them up would be standing alone. the foreignctate economic and energy policies of every major power in the world. in order to even try to do that, we would have to sanction, for example, some of the world's largest banks. we would have to cut off countries like china from the american financial system. since they happen to be major purchaser

companies out there in europe or asia are now going to find interlocutors and business partners in iran to conduct legitimate business in all things economic that will not promote terrorism but will build ridges and hospitals. who are they going to work within iran? my take is they will work with a lot of companies that have not been designated. had treasuries and state departments and administration as a whole decided to negotiate but at the same time aggressively continue to enforce those that remain in the law books, the message would have been different, to the business community outside the united states. i want to give you one more , scooped by the wall street journal yesterday. willtalians, maybe you hold this against me at the end of it, as everybody else in europe sent in negotiation to cynosureht after the of the deal, they went, they were the third one in line to they went last week. the foreign minister was there. was one of minister the ministers of the economies there. a huge and high level of business leaders. they signed memorandums of understanding and agreement. one wa

if the soviets interfered with american plans in europe or in asia, this is the fate they would get. the soviets interpreted it that way. suddenly, the day of judgment was tomorrow. it has been ever since. that is the reality we were confronted with. that's what makes the atomic bombing so important. not just hundreds of thousands of innocent women and children were killed. the fact that the human species has this hanging over our has ever since. we still have 16,000 nuclear weapons in the world. we've had this conflict with the russians over ukraine. u.s. and russia still have thousands of nuclear weapons pointed at each other. we are not playing games here. that is still real, which is why we wanted to do this exhibit. there were apparently several people carrying cameras in hiroshima on august 6. only one is known to have taken photos. he was a photographer with hiroshima's newspaper. he had enough film to take my four photos. it was too horrible. -- 24 photos. he ended up taking seven photos and developed five of them. he was very respectful. he did not want to show horrible burn

was sending a message to the soviets , and if the soviets interfered with american plants in europe or in asia this was the fate they would get. you're telling me that the soviets interpreted it that way. one of the senators said suddenly the day of judgment was tomorrow. it has been ever since. that is the reality we are being confronted with. that is what makes the bombing so important. that hundreds of thousands of innocent women and children were killed unnecessarily. but the fact that the human species has lived with this hanging over our heads ever since. that possibility, still today we have 16,300 nuclear weapons in the world. we have had this contest with the soviets over ukraine. u.s. and russia still have thousands of nuclear weapons still on hairtrigger alert pointed at each other. we are not playing games here. the threat is very real. there were, apparently, several people carrying cameras in hiroshima on august 6. only one is known to have taken any photos. that is yoshi seagate. he was a photographer. he was a photographer for the newspaper. he had enough film to take 24 photos

moreover, our closest allies in europe or in asia, much less china or russia, certainly are not going to agree to enforce existing sanctions for another 5, 10, 15 years, according to the dictates of the u.s. congress, because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that they cannot have peaceful nuclear power. it certainly wasn't based on a desire for regime change in iran. as a result, those who say we can just walk away from this deal and maintain sanctions are selling a fantasy. instead of strengthen our position, as some have suggested, congress's rejection would almost surely result in multilateral sanctions unraveling. if, as has also been suggested we try to maintain unilateral sanctions, beef and them up, we would be standing alone. we cannot dictate the foreign, economic, and energy policies of every major power in the world. in order to even try do that, we would have to sanction, for example, some of the world upon start as banks. we would have to cut off countries like

moreover, our closest allies in europe, or in asia, much less china or russia, certainly are not going to agree to enforce existing sanctions for another five, 10, 15 years according to the dictates of the u.s. congress. because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that iran cannot have peaceful nuclear power. and it certainly wasn't based on a desire for regime change in iran. as a result, those who say we can just walk away from this deal and maintain sanctions are selling a fantasy. instead of strengthening our position as some have suggested, congress's rejection would almost certainly result in multilateral sanctions unraveling. if, as has also been suggested, we tried to maintain unilateral sanctions, beefen them up, we would be standing alone. we cannot dictate the foreign, economic, and energy policies of every major power in the world. in order to even try to do that, we would have to sanction, for example, some of the world's largest banks. we'd have to cut off countri

moreover, our closest allies in europe or in asia much less china or russia, certainly not going to agree to enforce existing sanctions for another five, 10, 15 years, according to the dictates of the u.s. congress. of the u.s. congress. their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. not on the belief iran can't have peaceful nuclear power. and certainly not based on a desire for regime change in iran. as a result, those who say we can just walk away from this deal and maintain sanctions are selling a fantasy. instead of strengthening our position as some have suggested, congress' rejection would result in multi lateral sanctions unraveling. if, as has been suggested, we try to maintain unilateral sanctions and beef them up, we would be standing alone. we cannot dictate the foreign, economic, and energy policies of every major power in the world. in order to even try to do that, we would have to sanction for example, some of the world's largest banks. we would have to cut off countries like china from the financial system

moreover, our closest allies in europe or in asia much less china or russia certainly are not going to agree to enforce existing sanctions for another five, ten, 15 years according to the dictates of the u.s. congress. because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that iran cannot have peaceful nuclear power. and it certainly wasn't based on a desire for regime change in iran. as a result, those who say we can just walk away there from this deal and maintain sanctions are selling a fantasy. instead of strengthening our position, as some have suggested, congress's rejection would almost certainly result in multilateral sanctions unraveling. if, as has also been suggested, we try to maintain unilateral sanctions, beefen them up, we would be standing alone. we can not dictate the foreign, economic, and energy policies of every major power in the world. in order to even try to do that, we would have to sanction, for example, some of the world's largest banks. we'd have to cut off cou

moreover, our closest allies in europe or in asia much less china or russia certainly are not going to agree to enforce existing sanctions for another five ten, 15 years according to the dictates of the u.s. congress. because their willingness to support sanctions in the first place was based on iran ending its pursuit of nuclear weapons. it was not based on the belief that iran cannot have peaceful nuclear power. and it certainly wasn't based on a desire for a regime change in iran. as a result those who say we can just walk away from this deal and maintain sanctions are selling a fantasy. instead of strengthening our position as some have suggested, congress' rejection would almost certainly result in multi lateral sanctions unraveling. if, as has also been suggested, we try to maintain unilateral sanctions, beefen them up we would be standing alone. we cannot dictate the foreign economic and energy policies of every major power in the world. in order to even try to do that we would have to sanction for example, some of the world's largest banks. we'd have to cut off countries like c

. >> well, it's true that the correlation among em countries in europe or even asia have been pretty high. so i think there's definitely winners out of the lot and what we sort of like in general are more latin countries in particular because some of them definitely will benefit from lower energy prices. but i think when it comes to trading, i think it is more interesting to look at the em versus em team. essentially looking at companies that are focused on domestic consumption rather than the em consumption team that has been prevailing for the past ten years. so i think we might be going through a transition phase where domestic focus em companies who are essentially benefiting from liquidity induction by central bank could outperform the long held theme that em was the place to be for the past five to ten years. >> so you're saying you prefer that exposure to u.s. and domestic japan, that sort of thing? >> correct. >> and what kind of ways are you playing that? >> this is where we look at baskets. if you look at japan, for example, a lot of ways to get to japan is through nikkei a

. >> in terms of if you had a dollar today would you put in the u.s., europe or asia? he u.s. we're still the best place to invest. >> and pure alpha, a fallacy? >> europe is cheaper if you look at it on a price it to earnings basis. we think the economy is going to ack is sell rate here. i think i would make the architect argument that the economy is stronger. we think you're at a 3% gdp growth rate now. >> jeff, we leave it there. we appreciate your sunny, almost rosie outlooks. >> you bet. >> i like the specificity. august 13th to 18th. not many people willing to put a finger on it. we like that. >> when we come back on "squawk box," a landmark day. the flag raised for the first time since the 196s. michelle extra bruceo extra braa. >> which new york city bloke is block is most expensive to live on? aflac! i thought you said this guy was the best? oh, he's a horrible stylist. gah? but he's the best at paying claims fast! really... mmhmm. paid mine in just one day. one day? yea. aaaflaaaac! in just one day, we approve and pay. one day pay, only from aflac. why should

origins had significantly reduced or eliminated altogether andgration from southern eastern europe, from asia, and from other parts of the world. the americas were largely theyded from these because needed labor from somewhere in the world. what the hart-celler act did is instead of put limits on the --ntries, it set up immigrants coming from the eastern hemisphere, and for the first time, it imposed a limit on the western hemisphere of 120,000. later on, about a decade later in the 1970's, the limits were abandoned in favor of an overall global ceiling of 290,000. the law has been amended many times since then and today, it is much much larger. >> have been unintended consequences? maria: yes. that is what we're told. there were two unintended consequences in particular, one having to do with the countries and the other one having to do with numbers here it for much of american history, the immigration has largely come from europe and africa. , we result of hart-celler have seen a demographic shift. 77% of immigrants have become -- have come from the american -- the americas, asia, and other

these national origins quotas reduced or eliminated all together immigration from southern and eastern europe and asia and other parts of the world. the americas were largely excluded from these quota laws because big business needed labor from some parts of the world. exceptions were made from countries from the americas. hart-cellar, what it did is instead of putting individual limits on immigration from particular countries, it established hemispheric limits. it created a quota of 170,000 from the eastern hemisphere and for the first time it imposed a limit on the western hemisphere of 120,000. about a decade later in the 1970s, these hemispheric limits were abandoned in favor of an overall ceiling of 290,000. but the law has been amended many times and today the quota is much larger. >> have there been unintended consequences? >> yes. at least that's what the immigration history tells us. there were two in particular. one having to do with the source countries. the other one having to do with numbers. for much of american history, our immigration has come largely from europe and from africa. but a

origins had significantly reduced or eliminated altogether immigration from southern and eastern europe, from asia, and from other parts of the world. the americas were largely excluded from these because they needed labor from somewhere in the world. exceptions were made for countries from the americas so that they would supply labor that we needed. what the hart-celler act did is instead of putting individual limits on the countries, it set up other limits. it set up a quota of immigrants 120,000 coming from the eastern hemisphere, and for the first time, it imposed a limit on the western hemisphere of 120,000. later on, about a decade later in the 1970's, the limits were abandoned in favor of an overall global ceiling of 290,000. the law has been amended many times since then and today, it is much much larger. >> have been unintended consequences? maria: yes. that is what the history tells us. there were two unintended consequences in particular, one having to do with the countries and the other one having to do with numbers. for much of american history, the immigration has largely come from e

couple of weeks there's some negative story associated with uber and their expansion plans in asia or in europe as well. but despite these head winds you look at the recent valuations, now at $51 billion. why are investors excusing this negative news coverage and saying they'll be able to get through it. it's still a company worth a valuation. >> i think because long-term this kind of company should be very beneficial for governments. we discuss it a week or so ago. the way they can really produce congestion in major cities. if ride sharing takes off it's going to be great for congestion. great for the economic efficiency of the country and there's definitely problems until we get there but these issues will be mounted in the due course. >> governments are focused on the short-term income. >> let's talk more about tech. google might have to brush up on its abcs. the company's founder will be launching a new holding company called alphabet. but the trademarked name already belonged to bmw. they provide a fleet car service operating in 15 countries under the name bmw alphabet. they're looking int

supporting its market and failing to do it obviously set the table for not only 4% selloff in europe or 4% selloff in asiall. i'm not sure if this morning was part flash crash, part capitulation or total capitulation. i think the jury is still out as to whether or not we've made perfect bottom that sometimes comes at the end of a correction. clearly we met all the definitions required of a correction having fallen, you know, about 14, 15% peak to trough intraday. but i'm not sure whether or not we're done. i think there are several questions yet to be answered this week. >> what would be most important to you. what is that missing piece you need to see an answer to? >> well, i think first of all, china obviously didn't make any really strong statements last night or show any resolve to halt the selling in the stock market. >> i was surprised about that. >> you'd think they would try to do something to shore things up. maybe they have bigger plans for later in the week. maybe they cut reserve requirements tonight or talk liquidity injections. for the u.s., fed at the symposium is going to be critical, if t

more of aill we see selloff when trading resumes, or are you watching what is happening here in asia and europe>> china continues to be key. by what has happened on monday and tuesday in the shanghai stock exchange, the authorities have not been intervening. they have been allowing the stocks to go down in price, assuming that continues to be the case wednesday, i do see a continued fall in prices. first in europe and then followed by new york after that. scarlet: ok. that is the fear. thank you for joining us. always a pleasure to talk to you from los angeles. coming up next, the leadership test. the election the prime minister says is vital for the future. the issues one first up returns. ♪ scarlet: welcome back. you are watching first up. singapore is in campaign mode. the people's action party forded by -- has held power 50 years. it has suffered some losses. we have bloomberg view joining us from singapore. why call the election now? guest: i think the ruling party had its worst showing ever in the last elections and they are trying to capitalize on the good well and warmth feelings. this

europe -- heavy selling in asia and europe. the dow jones was down by as much as a thousand points within 10 minutes of the opening this wording. all the major benchmark averages off by 2.5% orones officially correcting itself from correction territory -- off by a little less than 10%. the s&p and nasdaq were off by 10% but they have pulled back. worse in overnight was asia. we saw the shanghai come positive all 8.5% overnight, the biggest single day decline since 2007. -- index of emerging my get falling markets stock across the board -- the euro stoxx 600, the major benchmark on the continent off by more than 5%. wasrankfurt, the dax which up this year, falling for the day by 4.7%. so the dax officially in fair territory. the only place investors did catch a bid was in treasuries. falling below 2% for the first time. i want to cross over and go to my colleague, matt eller, who has been covering the markets over this selloff. the dax andlk about i was talking to someone from blackrock -- he says investors have an unfairly punishing germany and the greater european markets because they are so worried those markets are more exposed to china than the rest. more so toey are chi

and africa and west asia and southeast asia and we will be in about 70 countries over the next few years, but we're not even looking at the u.s. or western europer china at this point. emily: all right, former apple there.n scully lulu chen will be sticking with me. adam, we will watch your reports for tidbits. speaking of apple, ceo tim cook's goal for apple pay is to reach 1.5 million u.s. locations by the end of the year. today apple pay teamed up with pay anywhere -- payanywhere to reach that goal. here is the ceo. >> we are the only company in the united states that allows buyers to pay with apple pay. so as a business owner, if you want to accept apple pay on your iphone or ipad, your only choice today is payanywhere. emily: the card reader will be available exclusively in apple stores starting next week. now to a story we are watching -- amazons -- amazon's fire phone never caught on with consumers. now the e-commerce giant is dismissing dozens of engineers who worked on the device according to "the wall street journal." the exact number of cuts is unknown. amazon is not commenting on this report. coming up, it is the 10-year anniversary

what we felt on thursday and friday, europe and asia began to feel over the weekend or last night andpitulated into what we're seeing so far this morning. european markets will close at 11:30. asian markets are already closed. sometimes we can see things level off after that point when we're not being fueled from someone else overseas. right now, a fear trade happening now. >> it was 2008 when we had the previous largest drop in one day. that was 777 points. we're now down almost 1,000. courtney, stay with me. i want to also bring in gordon chang, forbes magazine. gordon, talk to me about the china effect, because last week they announced a correction, right, and a devaluation of their currency. we have been talking about this. what exactly is going on in china and why is it having such a big impact on the world? >> the shanghai composite today fell 8.5%. that's a shocker. and that comes after a fall on friday of 4.3%, and thursday was 3.4%. the chinese government, which has said it's going to intervene to get the stock market to a certain level, has absolutely failed to do so. and i

oil hungry consumers in asia or banks and businesses in europe. some of those countries may stay on side to comply with existing sanctions but some of them won't at the very least the international community will be less united and the sanctions regime will be weaker. so iran will be driving closer towards a nuclear bomb and international community will be more fractured and sanctions regime will be somewhat weaker. that is a very dangerous scenario because it suggests to me that you're going to approach a decision point for the use of military force before you could ever recobble back together international coalition to get back to the bargaining table especially in the world where moderates and pragmatists in iran are discredited. after all we saw what happened when folks like jalili at the table versus folks like zarif is at table. iran is not monolithic place. their internal politics matter. second scenario is iran blows -- congress blows up the deal and iran sticks with the deal. this is also nightmare scenario but slightly different version.

i want to take in people, from europe, asia, all over the world that have talent. if you graduate one in your class from harvard or finance, yale, they throw you out. you can't come back in. i don't want to do that. i want to keep these really talented people. let them go to silicon valley, let them go all over the place. that's what we need. i want people to come into the country. i want them to come in legally. >> i know you have a big appearance in new hampshire. talking about the drug problem. thank you for taking the time. you are always welcome to be talking about what matters. >> great honor. thank you. there you have it. a different look at what donald trump does and does not say about the issues that matter to you. how did he do? help or hurt his cause? tell us on social media. use the #trump on cnn. what do a nascar® driver... a comedian... and a professional golfer have in common? we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® has also been proven to reduce the risk of stroke in people with afib, not caused

our twitter question -- looking from asia to europe and now to futures in the u.s., is this carnage orit just a correction? let us know. this is "bloomberg surveillance." ♪ ♪ brendan: this is bloomberg surveillance. i am brendan greeley with vonnie quinn and michael king. it is busy and picking up steam this money. thencern in china that economy is getting worse. the benchmark and shanghai fell more than 8%. that is the biggest one-day since 2007. u.s. stocks are down to. germany stocks down 2%. it is down 70% since the peak in april. futures indicate stocks will be lower in the open. down the most in almost four years. meanwhile, the price of oil keeps falling. west texas intermediate is trading below $39 a barrel this mine. crude went below $45 for the first time in six years. crises between south and north korea having going on for more than 24 hours. they are demanding the north apologize for placing when mice -- placing landmines that injured two south korean soldiers this month. north korea says it is not responsible. read has come out in favor of the iran nuclear dear. he was on

i want to take in people, from europe, asia, all over the world that have talent. if you graduate one in your class from harvard or finance, yale, they throw you out. i don't want to do that. i want to keep these really talented people. let them go to silicon valley, let them go all over the place. that's what we need. i want people to come into the country. i want them to come in legally. >> i know you have a big appearance in new hampshire. talking about the drug problem. thank you for taking the time. you are always welcome to be talking about what matters. >> great honor. thank you. there you have it. a different look at what donald trump does and does not say about the issues that matter to you. how did he do? help or hurt his cause? no sixth grader's ever sat with the eighth grade girls. but your jansport backpack is permission to park it wherever you please. hey. that's that new gear feeling. this week, these folders just one cent. office depot officemax. gear up for school. gear up for great. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number... right now all beds are on sal

i want to take in people, from europe, asia, all over the world that have talent. if you graduate one in your class from harvard or, yale, they throw you out. i don't want to do that. i want to keep these really talented people. let them go to silicon valley, let them go all over the place. that's what we need. i want people to come into the country. i want them to come in legally. >> i know you have a big appearance in new hampshire. talking about the drug problem. thank you for taking the time. you are always welcome to be talking about what matters. >> great honor. thank you. there you have it. a different look at what donald trump does and does not say about the issues that matter to >> to break down his sit-down interview and his first town hall. back in a second. ♪ he doesn't need your help. until he does. three cylinders, dual overhead cams and 50 horsepower. go bold. go powerful. go gator. get 800 dollars off select gators at a dealer near you. ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced

would be back open for business, whether that's on the hungry consumers in asia or whether it's banks and businesses in europeand some of those countries may stay onside and comply with existing sanctions but some of them will not. at the very least the international community will be less united at the sanctions regime will be weaker. iran will be driving closer to a nuclear bomb and the international community will be more fractured and the sanctions regime would be at least somewhat weaker. that's a very dangerous scenario. because it suggests to me that you're going to approach a decision to use military force before you could cobble back together an international coalition to get back to the parking table a special in the world where the pragmatist and a better discredit we saw what happened when folks like julie lee replicable versus folks like zarif. iran is not a monolithic place. a second scenario is congress most of the deal and i ran sticks with the deal. this is also a nightmare scenario but it's slightly different version. iran can basically say the americans are out of compliance but we will liv

or headed out the door fear are seven things to know. stock exchange are plunging in the united states, and europe and asia led by another sole off in chinais is a picture of the board with the dow down 740 points since opening. it was a thousand points down in the first mintses of trading. >> breaking news in san jose where police are looking for two people after a man was slot and killed after midnight. officers found the victim dead on the avenue. the shooting is plaintiffed to have happened following a party. >> a year ago today napa residents were awaked by an earthquake and today they will celebrate the progress they have made in rebuilding the city and we broadcast from napa for 5:00 and 6:00 p.m. newscasts. >> berkeley's new soda dark is not working as planned. the city hoped the tax would cut consumption of sugary drinks and obesity but a study by the university of iowa found store owners are only passing 22 percent of tax on to customers. >> check out our customers starting off mild upper 50s to let 60 but for antioch at 54 degrees and sunshine around check correct. it will be sunny and warmer today at 69 in san francisco, penin

iran would be back open for business, whether that's oil hungry consumers in asia or whether its banks and businesses in europe. some of those countries may stay on site and comply with the sanctions that some of them won't. at the very least the international community will be less united and the sanctions regime will be we could iran for the driving closer towards a nuclear bomb and international community will be more fractured at the sanctions regime will be at least somewhat weaker. that's a very dangerous scenario because it suggests to me that you're going to approach a decision to use military force before you could ever kabul back together an international coalition to get back to the bargaining table, special in the world was a moderate and pragmatist implement our discredit. after all, we saw what happened when folks like julie were at the table versus folks like zarif or at the table. iran is not a monolithic place your their internal politics medevac sexier, congress was of the deal and a ram sticks with you. this is also a nighttime scenario, but it's slightly different -- nightmare scenario. but

i want to take in people, from europe, asia, all over the world that have talent. if you graduate one in your class from harvard orinance, yale, they throw you out. you can't come back in. i don't want to do that. i want to keep these really talented people. let them go to silicon valley, let them go all over the place. that's what we need. i want people to come into the country. i want them to come in legally. >> i know you have a big appearance in new hampshire. talking about the drug problem. thank you for taking the time. you are always welcome to be talking about what matters. >> great honor. thank you. there you have it. a different look at what donald trump does and does not say about the issues that matter to you. did he help or hurt his cause. tell us on social media. use the #trumponcnn. where to go... and how to deal with my uc. to me, that was normal. until i talked to my doctor. she told me that humira helps people like me get uc under control and keep it under control when certain medications haven't worked well enough. humira can lower your ability to fight infections, including tuberculosis. seriou

or about 1%. you can see the s&p is on track for its biggest monthly loss since 2012. this follows declines in equity markets in asia and europe. i would show you what is happening to the u.s. dollar. we are seeing strength of this morning, perhaps off these comments. the dollar is a little bit lower. it has been trading higher since we heard from the vice chairman of the fed, stanley fischer, speaking in jackson hole over the weekend saying we do not necessarily have to wait for inflation to get back to 2% before we start tightening. i want show you what is happening on oil markets. we have seen a correction in the price of crude. crude down about 25%. lower again today by 3%. a huge pickup in volatility remaining in the oil markets. let's take a check of your top headlines at this hour. a hand grenade exploded during demonstrations in ukraine's capital. nearly 50 police officers were hurt. it happened outside the .arliament building in kiev a crowd gathered to protest giving more power to the war-torn eastern region. the vote was part of a deal aimed to stop fighting between separatists and government troops. steppingnd hung

europe. at all three countries in northeast asia quite a long experience now with nuclear power. they don't necessarily need a uranium supply agency ortechnology cooperation because they've already done that with other partners, they've already secured supplies of uranium. so i think again i would really reiterate, like brazil and argentina have a safeguard system. that's about the closest i think you can come to another euratom type arrangement. and also think you try to start euratom in europe today it may not happen. europe has settled with creating other integrated and cooperative bodies since that initial push in the '50s. i think it would be just too tough to create euratom today, in europe much less other regions. woebegone to some existing cooperative mechanisms, and here's a whole bunch of acronyms of organizations that you may or may not have heard of. before for nuclear cooperation in asia, minister level meetings, they do basic research is to also talk about nuclear safety. there's asia pacific regional cooperative agreement, and again cooperation on nuclear r&d. these are the two -- no. the rca is iaea and the asian acou

europe and asia as well. is the flight from risk a mere moderation of the exuberance we have been seeing over the past couple of months or a warning sign of future troubles? >> i think in reality it's probably a bit of a direction. we vnhaven't had a major correction in over 46 months. it would be no surprise to see a little retracement. obviously it's unsettled some investors in a low volume period. a lot of people are away so that exacerbates the volatility we've seen. >> the question being whispered, is this just a bull market correction or the start of a bear market. what would your thoughts be there? >> i don't think it's the start of a bear market. it is a correction. if it were a bear market driven market then i think we will be looking at growth being pulled back in the states which it's not at the moment. we would be looking for not desen pmi numbers out of europe so the economic fundamentals are still good. >> but there's so many indicators in the trends that are worrying. for example, we have a sharp rise yesterday up 25% what happened in that month? lehman of course. we're seeing lows close to 208 and 2009, i

or as visible i don't think the u.s. is looking for allies in asia. >> was there ever a sense in france that there were concerns about a lack of interest in washington towards europe? the obama administration certainly wanted to spend more time on asia, but they were forced by events to focus on the reinvigorate. peoplethe last 30 years, say the europeans don't spend americans are going to asia. china, ite it was not was japan. 80's -- inis in the the 1980's. we have to go back to asia. the fact is that the u.s. and european union, the transatlantic relationship is the most important relationship in financial trade. whatever people say, what matters is the reality. the reality is that our relationship is extremely important for both sides. affordsimply we can't neglecting it. >> let me go back to the state of the transatlantic relationship. i want your quick assessment. you might have a different perspective on how the obama administration has handled the relationship. i want you to lead us into the discussion of how the u.s. has also managed the war in ukraine, the annexation of crimea. paula: on your first question, i think it is excellent that we are having thi

we were stuck working behind or with allies in europe than working with those who wanted to be our friends in asia. we finally decided the best thing to do was just to work with our friends in europe and to try to help our friends in europe achieve some kind of pea peaceful settlement for their war with the independent people or with the people seeking independence. it never was quite right. it never worked quite the way we wanted it to work. and that was one of the problems. and i think john negroponte puts it very well. it was one of the real problems that we faced because we were stuck between people who wanted to be our friends and whom we wanted as friends but who were fighting each other. one of the most difficult situations in international politics. and this group has a bunch of people and students who study international politics it's worthwhile to look at this as a situation of incredible difficulty for the management of foreign affairs. >> i might add to underline his point, the north vietnamese always acted out the charade, no troops in south vietnam. this is all vietcong. their ration

or year's rally yesterday. shanghai up more than 5%, snapping a five session and 23% decline for stocks in beijing. hong kong also added more than 3% today. nicole: agreement asia, green and europel. decided six of the cac and dax all higher. gaining roughly 3%. lauren: as you said earlier, asia up a new u.s. futures pointed by it. i was at 218-point for more than 1% similar gains percentagewise for the s&p announced that. nicole: commodities haven't participated. oil 4012. that is than the above 4%. lauren: that absolutely is. and then you have gold. it is trading at the bit disappointed by $2.1126 an ounce but it has sold us the past three days in a row. nicole: as we wait for tiffany's, right now the euros lower as is the japanese come again and pound. the mexican peso looking. lauren: right now 2.15%. nicole: at amazon.com is that the brakes on developing consumer products. recently the company dismissed dozens of engineers. one went to google that worked on his fire smartphones layoffs for the first the 11 year history. the division is being reorganized in some projects like large string tablets, for example, either scaled back for totally halted. amazon declined comment on

this disease and the additional or potential risk to poultry operations around the world, what specifically in other countries, central and south america, europe and asia will these flyaway's go back-and-forth every year? what are we looking at in the future here? are we just keeping our fingers in the dikes, so to speak. dr. swayne: we can look back at data generated in asia, are korean -- our korean colleagues. they have had to bring years of migratory fowl. the second year, it reoccurred but was not as severe. the lesson, when you have an incursion of migratory waterfowl, you have a severe year, then it is mild. for us, the advantage is all the surveillance evidence suggest we do not have the virus in current farms. the risk is what would come through the migratory fly ways. that emphasizes the role of colleagues in wild life health. surveillance programs set up across southern canada in the northern u.s.. even down the atlantic flyway coast. trying to get a handle on whether it is in birds that are migrating. if it is identified, there should be information disseminated within those areas for farmers to be extra vigilant . to quickly report any abn

teen, which means hundreds of companies controlled or owned by the iranian revolutionary guard never made it to the list. companies in europe and asiao are now going to find interlocutors and business partners in tehran to conduct legitimate business and all things economic double not promote terrorism to build bridges and hospitals, who are they going to work with in europe? my take is they will work with a lot of higher gc companies that haven't been designated. half treasury and the state department administration as a whole decided to negotiate but at the same time continue to enforce sanctions that remained in the law books. not just iranians by the way and the business community outside the united states. one more example. the italian at the end of it as everybody else in europe sent a very high-profile delegation to tehran. but they were the third one they went last week and the foreign minister was fair and one of the ministers for the economy was fair. it is a huge high-level delegation of business leaders. they find all sorts of memorandums of understanding and agreements. when that was signed as a contract worth 500 milli

or wait? >> i think we need to because we have you snooze you lose, some of these airlines are acting so fast, you will find deals for thanksgiving, especially the europe in the asiahanksgiving. christmas, start looking now too. spring break 2000, for example, i mean i live in dallas, we got today in dallas, charlotte, miami, maui, conia, $529, $300 off, it's good for thanksgiving, spring break, 2016, you should be planning -- and here's what i say. if you see a fair that cheap to hawaii, get your credit card out and say book me. that's about it. >> cute, and, tom, you are wearing, again, one of my favorite hawaiian shirts. you always surprise me. and, dennis, i want to end with you, we've got this selloff today. do you think that you're going to see more penetration into school districts, especially in the u.s. >> yeah. absolutely. the contract, it's a $24 billion industry, 66% is still owned by the government, more is more are seeing that they need to get out of it, the cost of capital, the cost of trying to do -- manage the fuel costs, the labor costs, things going to do. so that's what we're good at, and it's something we know well. >> green buses, and, by the

europe, no place in asia, not australia. a number of european countries as well as australia and new zealand had birthright citizenship and they repealed it over the last 20 or 30 years. >> ifill: on this idea of anchor babies, is there any evidence to support the notion this is a widespread idea that women come here to have babies and gain citizenship for them? are there numbers to back that up? >> it's hard to quantify intentions, but i can tell you in the reporting i and my colleagues have done is there is an industry of people who come here or sending people to this country to give birth. travel agencies advertise you can come over here, they teach you and coach you on how to speak to the customs and border agents as you're coming in so you can get in, have your baby, get the citizenship and head back. there are undocumented immigrants from central and south america who have done things when they cross over. but in terms of numbers, the last time i saw anybody look at that was the pew research center a few years ago and found well over 90% of the undocumented immigrants who gave birth in the united states had arrived in the united states at least two yea