alix: joining us now are gary stern, former minneapolis fed president, and michelle meyer, bank of americaead of u.s. economics. gary, where would your dot be? >> it depends on which variable you want to get to, but i look at the committee's dots, and there was nothing surprising. secondly, i do not disagree with the general path of they have laid out. i might be a little more optimistic about growth going based on judgment about productivity doing a little bit better. -- knows themwn it can reason to depart from the outlook they presented. it looks like a relatively high probability of achieving that. , seems like you agree. but the question is longer-term, the 1.8% growth rate in 2021. what does that tell you? >> i thought that was at risk of the digitally edging higher, considering the long run dot did move up. a little more encouragement by prospects for hiring and higher growth. i think there is a prospect that it will slowly move up, but it is a slow-moving target. you do not adjust your forecast to the long-term quickly. it happens over time. since the crisis, the forecast for long-

i would like to enter intoe the record a letter from august 2nd, 2018 from gary stern, general counsel of the national archives, which concludes the following statement by the end of the cover, 2018, we would if completed the remaining pages that we should be considering and00 unfortunately cannot. pi ask unanimous consent to enr that letter into the official record. >> without objection. >> thank you very much. >> when i got my results from a bar exam i thought to myself i would be the last time he ever. have two sit down and take an exam. this day, this may be your last formal exam in terms of your legal career. i'm sure there's a sense of exit patient, hopefulness in relief of matt. i want to thank your wife or be here and for bringing thiso beautifulif daughters. i hope someday they will understand what happened to their father a few days. thank you so much for being part of this hearing. judge, when is started this i said this is not about filling a key vacancy on the supreme court, in deciding vote on the court come a vote which decide life-and-death issues on important cases. it

i'd like to enter into the record a letter from august 2nd, 2018, from gary stern, general counsel ofe national archives which concludes the following statement. by the end of october 2018, we would have completed the remaining 600,000 pages that we are -- should be considering and unfortunately cannot. so i'd ask consent to enter that letter into the official record. >> without objection. >> thank you very much. judge kavanaugh, i remember when i got my results from my bar exam. i thought to myself, well, that will be the last time i ever have to sit down and take an exam. so at the end of this day, this may be your last formal exam. in terms of your legal career. i'm sure there's a sense of expectation, hopefulness and relief in that. i want to thank your wife for being here and for bringing those beautiful daughters. i hope some day they understand what happened to their father in a few days here. but thank you so much for being part of this hearing. judge, when i started this, i said this is not just about filling a key vacancy on the supreme court. a deciding vote on the court. a

gary stern, every time he speaks, it is interesting. that is at the 8:00 hour.ide, this is bloomberg. ♪ francine: this is "bloomberg surveillance." from london. not london, new york. theresa may, that interview yesterday. i'm looking at italy. italy is the one thing that could derail the euro strength. tom: agreed. francine: the coalition is fragile and you have a finance that was unelected. it is freaking out the markets. every time you think they will tell the line, one partner says we need to spend more money. if you are for the markets, you are against the citizens. tom: exi ther are some heated -- there are ther some heated headlines out there. minister ofe prime the netherlands said populism is great if it is channeled in the right way. it in the matter that hurts your finances. let's get to first word news. a showdown on capitol hill with a lifetime appointment to the supreme court at stake. who accuses brett kavanaugh of sexually assaulting her will testify before the senate judiciary committee. in her prepared remarks, she will say she was too ashamed a

i'd like to enter into the record a letter from august 2nd, 2018 from gary stern, general counsel to the national archives which concludes the following statement. by the end of october 2018, we would have completed the remaining 600,000 pages that we should be considering and, unfortunately, cannot. so i'd ask consent to enter that letter into the official record. >> without objection. >> thank you very much. judge kavanaugh, i remember when i got my results from my bar exam. i thought to myself, well, that will be the last time i ever have to sit down and take an exam. so at the end of this day, this may be your last formal exam in terms of your legal career. and i'm sure there's a sense of expectation, hopefulness and relief in that. i want to thank your wife for being here and for bringing those beautiful daughters. i hope some day they will understand what happened to their father in a few days here, but thank you so much for being part of this hearing. judge, when i started this, i said this is not just about filling a key vacancy on the supreme court. a deciding vote on the co