given the current financing environment and the key role of finance ministries in managing financial resources, it is urgent that these institutions coordinate more closely with their health counterparts. in doing so, they will be better positioned to promote efficiencies that maximize money in the hiv response. central to these efforts will be to overcome challenges for how financial systems including hiv resources including from donors are properly tracked and integrated into the regular institutional process of government. in many cases this requires strengthening the management resource systems themselves with an eye toward improving the budget formulation process, transparent and efficient allocation of resources, strengthening -- strengthening capacity and lincoln -- linking it to system one improvements, strategic planning areas and aids and the broader health care sector. governments are already taking steps in this area. ministry, the finance adapted sustainable financing for hiv that will better track resources from development workers. partnership leverages the treasury de

system, a bifurcation of our campaign finance system, or it was a blip. i think we don't know yet where someone on the last panel said i think it was ben ginsburg who said it is hard to figure out what's going on. what we had with the trump campaign was a celebrity driven campaign run through social media that went around the traditional institutions and the traditional mediation by the press and others. and it is a question of whether future campaigns will be run this way. whether we'll have a kanye campaign in 2020, whether we'll have a series of celebrities, the oprah campaign, and this will be the new model. if that's the case, we might say money didn't matter for trump. to start off with, he did put $66 million of his own money into the campaign. and in the end, he did not only court the super pac donors. he also, when he started his transition, he literally gave a seat at the table to rebecca mercer as one of the big super pac donors. so it is very hard to know whether this was a transfo transformative campaign or whether we'll see a bifurcation. wh

is actually the way public financing works in most democracies, which have public financing. so empowering the parties through a public finance system that doesn't get to be so individual candidate-centered but tries to empower these organizations that i think are absolutely essential in any healthy democracy, but particularly ours with our separated power system. >> david, back to you. what do you think about allowing more coordination internally within the parties in terms of how the funding flows? is there harm in that? or do you still prefer that the external role take prominence? >> i think it's amazing that we say to political parties they can't coordinate with their candidates. i mean, who came up with that idea? it makes no -- i mean, it really makes no sense. a party is going to corrupt its own candidates? it's silly. so i think they should take the coordination limits off completely, especially if we have the contribution limits that we have today. but even so, there's lots of things you could do, i think, if people are concerned about the ability to raise super lar

and of course our finance team. and all three underwriters have provided excellent service to us in the past. so next steps pending your approval today, we'll be presenting the two bond issuances to the oversight board next week december [#12*-7b8/]. 12th and depending the oversight board's approval we'll send to the department of finance for their approval. pending their approval, we'll return to you with a second set of documents, our official statement, which is the document that we use to describe the issuance to the financial public to our potential buyers of the bonds. and pending that approval, we hope to issue in february and close in march. so if you have any questions, i'd be happy to answer them. >> thank you. before we take commissioner questions, are there any speaker cards? >> yes, i have one speaker card, oscar james. >> excuse me, oscar james again. i asked for this commission to approve this particular package, but i do have some concerns with some of these firms. not troubling things, but can you k

and of course our finance team. and all three underwriters have provided excellent service to us in the past. so next steps pending your approval today, we'll be presenting the two bond issuances to the oversight board next week december [#12*-7b8/]. 12th and depending the oversight board's approval we'll send to the department of finance for their approval. pending their approval, we'll return to you with a second set of documents, our official statement, which is the document that we use to describe the issuance to the financial public to our potential buyers of the bonds. and pending that approval, we hope to issue in february and close in march. so if you have any questions, i'd be happy to answer them. >> thank you. before we take commissioner questions, are there any speaker cards? >> yes, i have one speaker card, oscar james. >> excuse me, oscar james again. i asked for this commission to approve this particular package, but i do have some concerns with some of these firms. not troubling things, but can you k

do you all have a reaction to that comment from someone steeped in campaign finance and campaign finance reform? >> i think the trust in government question is a tricky one and i know it's been looked at and the public doesn't show pay enough attention to campaign finance to have a sense of exactly how things work. but they delete everything is corrupt. i think this after mccain-feingold corruption, use of corruption went up. to the extent were talked about the public perceptions, i think that there's some validity there. in terms of no problem with corruption from large contributions, well, if i could give $10 million directly to a candidate, i think that's the kind of influence i would have over that candidate would be much, much greater than the kind of influence someone who doesn't have that kind of money to keep it we might call that corruption, i would tend to call that a problem of inequality but there's no question that it creates a system that were those with the greatest wealth have the most ability to influence not who's elected but what public policy favorite i think it's pro

the way public financing works in most democracies which have public financing.o empowering the party through a public finance system that doesn't get to be so individual candidate centered but tries to empower these organizations that a thinker absolutely essential in any healthy democracy, but particularly hours with a separate up our system. >> david, what do you think about allowing more coordination internally within the parties, in terms of how the funding flows? is their harm in that, or do you still prefer that the extra role take prominence? >> i think it's amazing that we say to political parties they can't coordinate with the candidates. who came up with that idea? it makes, it really makes no sense. a party is going to corrupt its own candidates? it's silly. so i think they should take the coordination limits off completely, especially if we have the contribution limits that we have today. but even so there's lots of things you can do i think. if people are concerned about the ability to raise super large chunks of money then say to the candidates and

it is financed in part by payroll taxes that everyone .ontributed is it is also financed by general tax revenue and premiums paid by beneficiaries. essentially everyone over the age of 65 in the united states with any work history or who has a spouse with anyone with work history is eligible for medicare. in addition, medicare covers about 8 million people who are receiving social security disability income and is below the age of 65. they have been determined to be permanently disabled and are receiving disability insurance through the social security system. the medicare is benefit package by and large is unfortunately a little bit originally modeled on the standard blue cross blue shield plan that was in effect in most of the united states in the early 1960's when the legislation was written. there have been some significant additions over time. tom is probably responsible for one of the most significant, which is the addition of part d, which covers prescription drugs. it is a classic health insurance program in the sense that it doesn't cover long-term care. it doesn't cover most s

is the way that public financing works in most democracies which have public financing. empowering the parties through a public finance system that does not get to be so individual candidate-centered but tries to empower these organizations that i think are absolutely essential in any healthy democracy, but particularly with our separated power system. >> what do you think about allowing more coordination internally within the parties with -- in terms of how the funding flows, is there harm in that, or do you still prefer takethe external role prominence? sayd: it is amazing that we to political parties they cannot coordinate with their candidates. who came up with that idea? it really makes no sense. a party is going to corrupt its own candidates? that is silly. take thehey should coordination limits off completely. especially if we have a contribution -- the contribution limits we have today. there is lots of things you can do, i think. if people are concerned about the ability to raise super large chunks of money then say to the candidates and elected officials mother

pildes: that is not a public financing system. that is an ordinary system that we had in the federal system and in most states. mr. keating: what happened in the new york race. a lot of people that de blasio won because of the enforcement process. >> you will have more enforcement which leads to the problem. the think that have put in public financing have an overwhelmingly blue tint to them. while we are looking for solutions to the party problem. mr. pildes: i do not think that is true with arizona. mr. ginsberg: no, it is not working, it is getting peeled back, and that was the by and large of the comments. the chances of what commands -- what amounts to the food stands for politicians on the federal level is like slim and mill. if you want a solution for strengthening parties can you need to look beyond the notion that government handouts are going to help your favorite politician who we have been all saying are not held in particularly high regard by the public anyway. mr. pildes: and that is why we will not get bipartisan su

nor do we have the conditions in the land is financed with public space is financed to be a will to make such a farms of viable. so i want to look and see if we can create as five resolution and permanent real estate and work with other entities involved with urban agriculture program to see how we can go about setting aside land that could be used for such purposes. so that is a resolution on introducing and i'm hoping that when the colleagues i will continue want or is new to the board will be able to work with that program that idea. i am also requesting that legislation be drafted good i'm asking the comptroller's office to create a supplemental appropriation about how we might be able to move money around to pay for our services that perhaps we would like to cover the were not approved by the ballot. but i'm going to cover on was an transportation services. i'm asking the comptroller's office to draft legislation based mostly on a budget analyst report i asked for. if were trying to bring in funding for these services, but we possibly get that money from in our budget. so i passed t

and of course our finance team.nd all three underwriters have provided excellent service to us in the past. so next steps pending your approval today, we'll be presenting the two bond issuances to the oversight board next week december [#12*-7b8/]. 12th and depending the oversight board's approval we'll send to the department of finance for their approval. pending their approval, we'll return to you with a second set of documents, our official statement, which is the document that we use to describe the issuance to the financial public to our potential buyers of the bonds. and pending that approval, we hope to issue in february and close in march. so if you have any questions, i'd be happy to answer them. >> thank you. before we take commissioner questions, are there any speaker cards? >> yes, i have one speaker card, oscar james. >> excuse me, oscar james again. i asked for this commission to approve this particular package, but i do have some concerns with some of these firms. not troubling things, but can you kin

. ♪ ♪ >> in november, saudi arabia finance replacing finance ministers of two decades. man for the job had been running the kingdom's capital market authority overseeing markets toopening up foreign investors. i sat down with him in september. i began by asking how much money the kingdom hopes to attract. >> as much as we can. generally, think it is a matter of what the market can take. what is happening in the region, what is happening in saudi, it is a priority prize. the foreigns investment is concerned, it is a journey. summer of back to 2015 when the first series of reforms came through, you relax the restrictions for foreign investment. atwas a lot of you curious the time. expectations were high. the reality is that those expectations have not been met. why is that and why is going to be different this time around? a lot of investors will track these. some duebe doing diligence. asking around but they are not going to put their money and their international embassies. we are talking to investors. investmentwe have an talk in new york. the month after we have anoth

you have already financed a couple of projects.what is going on and also a little bit about your relationship with aaib. there is no rivalry between the two banks. we are partners and already co-financed two projects. t the president. nine times in two years. the discussion is what kind of operations, what is the difference. in what ways we can cooperate. nd adp arethe aiib a concerned, we are partners. we can share a lot of knowledge. we have a research department. we have 50 years of experience working with countries. knowledgeso a lot of about safeguard policies for social and environmental issues. 2017. biggest risk for it is very difficult to zero in on one risk. there are many challenges and we should keep legal policies. possible conflicts in some regions. asia and other places. how to manage security and safety is very important. betty: that was asian development bank president takehiko nakao speaking to shery ahn. malaysia says it will not toroduce capital controls stem the ringgit's dropped to his lowest levels since 1998

part of the 60% of women who say they have experienced workplace elizabeth (finance): vulnerable sore (education): small judnick (journalism): unsafe abc news brought together 10 women, from 10 different industries -- finance to hospitality services to government- to hear their experiences. 16;29;53 blayne/hospitality services: i worked in restaurants for 10 years // and every time i walked into the kitchen, someone would whistle. this person used guilty tripping // to try to get me to do sexual activity as compensation // 16;08;51 sore/education: // he would always stare at me really weird. and in those moments, i always sort of went into myself. 15;57;20 elizabeth/finance: i've spent 25 years in the financial services industry // trading floor // according to government statistics, the finance sector is one of the industries most prone to sexual harassment statistics show that 70% of women who experience workplace sexual harassmen it? why? the fear of job retaliation. 15;55;46 amanda/ politics: i to me and weigh them against my that important to the company bunch of guys, and i'm ve

missy (engineeri been sexually harassed elizabeth (finance): touched and propositioned amanda (politics): this is my experience their voices?part of the 60% of women who say they have experienced workplace sexual harassment njambi (retail): i felt isolated elizabeth (finance): vulnerable sore (education): small judnick (journalism): unsafe abc news brought together 10 women, from 10 different industries -- finance to hospitality services restaurants for 10 years // and every time i walked into the do sexual activity as compensation // 16;08;51 sore/education: // he would always stare at me really weird. 15;57;20 elizabeth/finance: i've spent 25 years in the financial services industry // there was inappropriate industries most prone to sexual harassment statistics show that 70% of women who experience workplace to me and weigh them against my career. 16;16;26 sore/ education: i often feel that in the grand scheme of things, i'm just not that important to the company 16;09;23 so of silenced myself, in that moment, there's an erasure of yourself. and yet, all of the women facing the probl

i did not fully understand the campaign finance laws. and i should have had an accountant or an attorney handle my campaign bookkeeping and reports. >> steve: he has 60 days to complete his 40 hours of community service. >>> former heavyweight champ pettis had a camp. fo fire. then kids were caught on video opening up his cars and taking a look around. he told our lance allan he is staying put. >> this is my hometown. this is what made me. i feel like myself here. i brought the rest of my coaches to milwaukee. it's one of the things, this is my hometown, this is where i feel most comfortable, and i think that is a huge reason why i had the success. from his usual 155-pound weight class to 145 pounds. don't you wish it was always that easy for us? by december 10th for his bout. the fight will take place in toronto. >> shannon: it would require a personal chef and probably working out six days a week. >> steve: probably six days a week for hours at a time. but then we could do it. >> shannon: governor walker weighs in on the possibility of

what have the finance ministers been saying there? >> reporter: well, caroline, it's been a large show of support for the italian government. the message we have been hearing from finance ministers entering their regular meeting in brussels is they are confident the italian government will have a smooth transition of power. and they have been reassured so far by the market response this morning. a lot of discussion here that this is an italian issue, not an eu issue. that may come to the surprise of many looking at this as yet another indictment on a leak in brussels in the aftermath of brexit, especially when you look at the rhetoric we have been hearing from the five-star movement in italy attacking precisely that. the eu project, they are saying they want to take that control. so i had a chance to speak to the eurogroup president and asking him if this concerned him as we get close to big elections next year in france, germany and the netherlands. take a listen to what he had to say. >> everyone who is sure about the outcome of the

i'm wondering, your company does commercial real estate financing.m wondering if there is a little bit of a concern as we see interest rates potentially get hiked up three times what we're kind of thinking from the fed, today anyway, but does that hurt the lending environment? because money has been so cheap, it is easy to finance commercial real estate projects, but that appetite might be chilling a little bit. what do you say? >> you're absolutely right. our firm is the largest investment and brokerage and we down investment of commercial real estate and financing of it. you're absolutely right. when you have a bunch of transactions basically underway negotiated at certain price and certain financing rate and all of sudden postelection you have interest rates jumping quite a bit. >> 70 basis points is rapid rise in interest rates, that puts everybody on underwriting and renegotiation of price expectations between the seller and buyer. short term it will cause more of a slowdown. cheryl: sure. >> as i was mentioning earlier a natural slowdown of a f

when they saw this finance camp, it struck a chord with them. wanted toething they talk to with their kids but the time never seemed right or they did not feel confident in their own skills and this was a chance for them to have someone who is an expert talking to them about finance. kids were moments when the looked a little sleepy. the instructor did a great job of bringing things back to relevant towere kids like facebook or apple or things like that. carol: i love the light in the story when you said you inventoried the different ways kids can slouch. tell us about the individual behind spark business academy. entrepreneur an who worked at price waterhouse coopers for a long time and eventually began teaching their training courses. he developed this interest in teaching people and he wondered why in this country, there is not more basic instruction about finance. , the good, the bad, the ugly way to split a check with your love tom. -- your loved one. carol: welcome back. oliver: you can also catch a sum the radio on sirius xm. and in londo

hour, abby joseph cohen from goldman sachs, we look through the prism and synthesis of economics, financeinvestment, and international relations. really with the perspective of decades that abby joseph cohen has brought to all of investment. we say good evening, good morning, good afternoon to you, wherever you are, worldwide. it is a "bloomberg surveillance," year-end special. i'm tom keene from the world headquarters in new york. let's get right into it with abby joseph cohen, senior investment strategist at goldman sachs. but that barely describes her commitment to the education of those within the investment community. at the cfa institute, her work for years with goldman sachs. what is the difference tween -- between what you do and what david kosten does everyday at goldman sachs. abby: first of all, i'm delighted to be here with you. tom: for the whole hour. that is great. abby: for year-end retrospective and a look ahead into the new year. i spend most of my time thinking about the intermediate to long-term outlook. david and many of my other colleagues at goldman sachs really foc

international monetary fund is due to get her verdict today in a case linked to her time as france's finance minister. christine lagarde is accused of negligence over a huge payout to a french business tycoon. also coming up this hour, apple and ireland are teaming up to fight the european commission. we will tell you why in business. we will look back at the long and glamorous career of shasha zsa gabor, who passed away at 99 years old. first, our top story, live from paris. genie: first, to syria, where over 4000 people have now been evacuated from the rebel enclave in aleppo. convoys have been crossing the -- of the rebel held territory in northern syria. thousands are still trapped inside the stronghold. for more on the situation, let's go live to adam pletts, who joins us from beirut. first of all, start with the evacuations today. what has been happening with those? adam: it started late last night when the first convoys were able makinge, some 350 people given to opposition territory. they were being held for some 16 hours and government territory. thatwing that evacuation following t

we went through regular order in the finance committee. senator warner and senator casey and i in the finance committee called cecil roberts, the head of the mine workers. people like norm skinner from ohio and others. and babe urdis and dave dilly and others came and talked to us. we had testimony. it was brought to a vote and passed 18-8. every democrat voted for it and a hand full of republicans. then the republica leader moved the gl post again and said that's not good enough. you've got to do something more. find a way to pay for it. we found a way to pay for it. money out of the abandoned mine fund to pay for this. this legislation would have taken care permanently of pensions and of health care. what it meant that mine workers don't have to take valuable time and spend money and come to washington to lobby us, to talk to us, to educate us, to do what they do so well in telling their stories. it would have solved that. but now week after week after week has passed before the election people were talking a good game. now they're not t

women to theng labor market and giving them access to finance, you reduce the inequality.: good morning, everyone. madame lagarde, we'll get to that in a moment. this is the "bloomberg surveillance," special. i am tom keene. christine lagarde is speaking --h john nichols with nichols weight. it's a wonderful moment, christine lagarde with her new tenure at the international monetary fund, really aggressive, women within finance and investment, and frankly within that world economy. tos a good comment to speak abby joseph cohen. i think of your tenure at the fed years ago, what was your first day like? abby: it was actually wonderful. ofas hired by the director research, who, during the recruitment process, specifically said to me i have three daughters. tom: that's a start. abby: i want to make sure women at drexel have every opportunity to succeed. it with madame lagarde and abby joseph cohen. the analysis of it is women not so much work harder, but work smarter towards that marginal effort to gain on wall street. are the women outdoing the men? -- toi have to do disagree

i will be joined by the former finance minister and now a professor. and a little bit later on, we ofl be joined by the ceo intesa sanpaolo, carlo messina. so, have plenty coming your way. we need to figure out whether this vote was a populist vote, or whether italians were afraid of giving too much power to the lower house, and consequently, to the premise or. first, let's get to the bloomberg first word news. reporter: the italian prime minister says he will resign after losing a referendum, his call to push through constitutional changes. won 60% to 40% with almost all those counted. the results threatened renewed political and financial turmoil in europe. a green party backed leftist will be the next president of austria. alexander van der bellen ran as an independent and took almost 52% of the vote as he defeated nobert hofer. this comes within a resurgence of the anti-immigrant right wing parties around the world. the french president will make an announcement at 5:30 p .m. u.k. time. his announcement did not say what he would announce, but valls

it is your job to finance that as the finance secretary to its is a basin areas.levels of uncertainty. what we can try to do is generate certainty here in mexico with the elements we can control. ,e can control public finances our congress approves a budget that takes us back to having a primary surplus and allows us to stabilize our debt. we need to try to generate certainty on the basis of having good and solid public finances, which we will continue to have. erik: that makes a lot of sense. controlling the things you can control and not worrying about the things you can't control. how much can you control? it is selling the economic fundamentals in this country without strong before the election. secretary meade: if you look at mexico's debt, 60% of gdp, that is not a bad number. generally relatively sound level of debt. mexico -- is about eight years, which is high. most of it is in pesos. almost all of it is long-term and fixed. our finances are quite sound. erik: let's say mr. trump and his administration took a hostile attitude towards mexico and did as he

and finance is necessary and worth doing.t them to see that money is not the way to measure, measure your life. warren: there is always tension between the market system and unleashing it while at the same time not causing it to go to excess. we learn certain things need to be controlled and we will learn that other systems will unleash potential of humans. and different societies will come at it in different ways. the chinese are coming at it at somewhat different ways than the u.s. you will see that around the world. but i think overall, we will learn more from others and their successes as time goes by. and humanity as a whole will be living better 50, 100, 200 years from now. and i incidentally, the world is not a zero-sum game. if somebody discovers penicillin in the united kingdom, it crosses borders and does me some good. so we want the rest of the world to prosper. we should want it anyway as human beings, beyond that there is a utilitarian aspect to wishing the world well. because you do not want the united states to

welcome to our special budget and finance committee meeting of monday december 5, 2016. i'm katy and chair thg team and to my left is normal yee. our clerk is linda wong and sfgovtv like to thank leo [inaudible] derek. >> please silence cell phones and electronic devices. complete speaker cards and document to be included as part of the file should be submit today the clerk. >> thank you. today we have item 1, so if you can please call item 1. >> orbd nons approving and authorizing the exectv director of port of san francisco to execute project agreement with army corp of engineering to allow dredging of central basin by pier 70, not to exceed $2.2 million for project cost and port providing a 10 percent matching share nod to exceed $900,000 of the central basin payable over the 30 years for matching fair from the port not to exceed $3.1 million. >> thank you we have the port staff here to explain why we are here on a monday for the item. >> yes. good afternoon supervisors. [inaudible] project sponsor [inaudible] and the new deputy commander of the san francisco district

the akes are so gh, your finances, your future.ow do you solve t u don't. u paner with a firm that anto person,une 500,and,an on what matters to you >>> tonight we're talking about a subject we don't spend enough time on in the business media -- long-term wealth building. if you're serious about getting rich and staying that way i recommend you must do two things -- go to amazon or your local bookstore, buy the entire jim cramer catalog. now that they have that crass shameless piece of self-promotion out of the way, the second thing you should do to prepare for retirement, fetch you're in your early 20s and just started working is you've got to start saving now. i didn't say save for retirement, i said prepare because just stuffing your money in the first national bank of sealy, great though that mare be, it might not be enough to prepare for retirement. you should taken a active hand in setting yourself up for retirement. getting your hands dirty, especially with the traditional vehicle for so many retirements, fixed income or bon

it's a new year and time to get yourself and your finances in shape.he goals you should make and how to stick with them. >>> and later, what's next in tech from wearables to smart homes. we show you the gadgets that are going to be big. with the xfinity tv app, anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. means new resolutions. while many of us make goals to se i joining us now is personal finance expert and "new york times" best-selling author lynnette khalfani cox. thank you so much for being here, lynnette. great to have you. >> thank you. >> you have this book called "zero debt" where you talk about getting out from under $100,000 debt. >> it's a crazy amount, i know, and it is crazy, it was. this was back in 2001. had $100,000 in credit card bills. fortunately i managed to pay it off in three years. had to do a lot of things to sta

he's been an invaluable colleague, a terrific member of the finance committee. i appreciate all his leadership. the presiding officer: the senator from colorado. mr. bennet: mr. president, thank you, mr. president. i'm going to be brief. i wanted to thank senator wyden, the senator from oregon, the ranking member of the finance committee, for his leadership on this bill. i want to thank, as he did, senator hatch for his leadership on this bill; senator grassley for his leadership on this bill. as the senator from oregon indicated, this bill has passed unanimously in the house of representatives. the bill passed with 500 groups supporting the bill from every geography in the united states. there are groups from oregon. there are groups from colorado. there are groups in the presiding officer's state who have weighed in on this and said we should have this legislation passed. we have had testimony in the finance committee from people that were foster children, who came to the congress to testify about what had gone wrong in their lives as a result of the system th

i think inclusive finances are critically important.million american people today who are either under-banked or not thinking at all because they have no access to finance. those are good positions if they can be delivered upon. it certainly would make a difference including women. >> on the issue of the economy -- >> parental leave is a big issue. >> would that conceivably make donald trump a better president for women than of president obama is? >> we are not commenting on that. >> more broadly on trump and the economy, you and many of us have said that the world has got to change from relying on central banks and governments have to start doing things. donald trump is talking about spending money on infrastructure and pumping money into the economy. is it possible that's another area where he could surprisingly upside? are you optimistic? >> i would preface any comment with we are a bit lost at the moment. there are certain things that are coming back whether it's spending and infrastructure or whether it's a tax reform. that are thi

some are more dependent about financing. it also dampens the appetite. bite, it has been worse for many of the small companies than the larger names and make a caps. let's i think december 9, the year is coming close to an end. as a talked about a lot of people with investment portfolios. they have not been doing a great. how much of what we are seeing is chasing? people want to go into the end of the year. happened today. we had another great day for the market. you have a lot of momentum in place. part of what is driving that is that we have now many years of people selling stocks and buying bonds. that was a great trade. argument, that trayvon in july, it didn't leave a lot of people with individuals. managers,ns, asset this rally is gaining steam. you see a lot of people shift their allocation. >> they are realigning, shipping, they are making this transition. they are getting to keep away. how much cash is still left in the sidelines? other putting new the money to work in equities? are they taking out a bond? >> i think it is a really important poi

. >> bob leads the partnership with the global and national organization in support of inclusive finance and community development through economic empowerment focusing on assessable finance financial coaching and sf this and neighborhood revitalization sees to college education and small business micro development with the city's micro finance and corporations and municipality working across the city's groups to expand access to financial services city was sfmade first institutional partner in 2012 and consisting been one of the lead partners manufacturing of accelerate programs as a presenting sponsor and incredibly amazing guy i i know you e bring you bob proud to support the region. >> (clapping.) >> i left it on my desk and can you hand media that times partnership hello, everyone it is a pleased to be here ♪ fantastic location thank you. this wonderful venue we was taking with adam from new york and thinking brooklyn would be jealous of the potential to develop here in san francisco i wish you a lot of luck the city is involved in supporting sfmade and the whole urban manufacturing

a guy said he was going to finance it, then kind of pulled out. it's just, it's a hard movie to get made, because it doesn't have a lot of star parts, these big ensembles. there wasn't, and i called it the spiritual sequel to dazed, and they're like, "well, can mcconaughey play the coach, "or something?" (laughing) and it's like, there's a little scene. i said, "no. "that's not right." wooderson wouldn't be a college baseball coach. you know? so i couldn't. they just couldn't wrap their head around it, and it reads kind of funny, too. you know, it's the resolution. what happens at the end of the movie? you know, class starts. you know, it's not. (chuckling) my scripts often read like, eh, you know, i don't know what this is, and i go, well, it's got to be good, you know? (laughing) so i'm always up against that. - the view that hollywood has of you, has not markedly changed. you've been at this for a long time. you've been making movies for more than 25 years. you are celebrated, correctly, for boyhood. you've been nominated for a number of academ

and by bringing women to the labor market, giving them access to finance, you reduce the inequality.orning, everyone. madame lagarde, an extraordinary conversation. i will get to that in a moment. this is the "bloomberg surveillance," special. i am tom keene. christine lagarde is speaking with john micklethwait. it was a wonderful moment, christine lagarde with her new tenure at the international monetary fund, really addresses women within finance and investment, and frankly within our world economy. that's a good topic to speak to abby joseph cohen about. i go back, i think about your tenure at the fed years ago. what was your first day like? do they go, what is she doing here? abby: it was actually wonderful. because i was hired by the director of research, who, during the recruitment process, specifically said to me, i have three daughters. tom: that's a start. abby: i want to make sure women at drexel have every opportunity to succeed. tom: we see it on wall street whether it is madame lagarde or frankly madame joseph cohen. my perception of it is women not so much work harder,

it will finance large-scale projects.through this fund instead of the general budget which will be cleared of problems. when you became prime minister, you said changing turkey into a presidential system was one of your priorities. has anything changed in that in the last week? for example, especially regarding the timeline of that change. are you still considering a referendum should parliament not pass it as you desire? is there a possibility of early elections? binali: early election is out of the question. i am underlining this and being very clear about this. there are some circles trying to confuse the situation saying the ex parte has come out strong after this and will have an ambush election. this is not even doing through our minds -- going through our minds and we don't find it difficult -- ethical. we have power for the next four years, and we will use that for the next four years. if anyone is trying to seize authority, they will fall on their heads again sledgehammer, and we did. from now on, if anyone is th

trevor, this is the man who is going to be in charge of the nation's finances.ought it would be a good investment to have channing tatum fly around with pointy earsnd a goatee. channing tatum is a sex symbol and they made him ugly. how is that being smart with money. just hire an ugly dude, it's cheaper. >> trevor: look, i hear what you are saying but if are you going to be fair and talk about the povie he has produced about mnuchin made a bunch of hits including mad max. >> oh, a mf yea about living after the end of the world, yeah, a perfect pitch for trump. >> trevor: thanks, roy wood, jr., everyone, we'll be right back. back. (applause) ♪ back. (applause) ♪ 3,2,1... lumière, action! ♪ and you just need to say it out have somloud.g to say when something happens in the world that blows your mind or breaks your heart or your simply stoked about or makes you question everything you might have something to say. say it. to whoever you're with and if you have more to say just take out your phone and press this.tap this. and go live. now you're not alone your friend