i think when oil and gas was going back up. i thought there was a lot of option the power division is the black home, long-term care, they tell me they've got their arms around it. there are pension issues do they need to cut the dividend again? they have not said that's necessary. however, there was a convoluted conference call, it seemed like it was on the table. but to go against steve here is a big thing. j.p. morgan's guy. i'm sure he recognizes this guy have very, very powerful until he goes into the hole, i am willing to still e sell the stock. she that good. he was long to ge, on it to, meaning there was a lot that you needed to be on to in most people, including me, i believe. that's why i was wrong >> so walgreens is going to the dow to replace general electric, was that a surprise choice >> no i think they have been leaning towards health care. they like these kind of, look, remember they went with unh, there is a lot of health care in the dow. i think that that's because it's a reflection of what happened in the gdp

i think that plays to trump. an author of a book, a liberal from san francisco, she really liked these people. somebody asked me do i like trump voters? i said yes, they used to vote for me. no, really at she said these folks see is they have been losing their standard of living and it's been tougher and tougher for working class people. she happened to be doing this, and she said they see themselves patiently waiting in line. this is how they see their lives, patiently waiting in line for things to get better, and their view they see people cutting in front of them. they see immigrants cutting in front of them. they see black people cutting in front of them. brown people and muslims cutting in front of them. they see gay people cutting in front of them and see women cutting in front of them. i looked at that these are a group of people who are losing their white privilege and didn't know they had any. it is shocking in terms of the social change in this country. i don't look at this as all these people are horrib

demick: i think we will open it up for questions. please introduce yourself and try to keep the qutions short. >> hi, i am debra saunders with the las vegas review journal. i'm curious to know if anyone here has an opinion about the white house having kim yong chol in the oval office and president trump shaking his hand on friday? >> i just make sure we sweep the room for bugs afterwards. a lot of people say, it is giving a victory to north kore i can kind of see both sides of it. i just contrast it with, he has a beaming smile and the grip and grin photo. when bill00, i think, clinton went to get the two journalists out, he told his delegation this is a serious issue, no smiling. so there was a very kind of agreement of his eyes of, you know, we are here for a serious mission. this is not a breakthrough. , it is fine to meet with senior officials. that is where we have diplomats, but i think you do have to think of the ramifications. here he is shaking hands with the guy responsible for at least 46 deaths in south korea. the thinking

i think this is a very good i think this is a very good thing both for moscow and from for washington and for jerusalem. i believe that israel will do its best because here you know russia is our friend america is our friend i think we have a lot of interests against the against terrorism and against instability in the region so i'm sure that israel can do a lot in advocating in. sending messages and also trying also to influence the result in syria will be the best outcome you know that the united states now against the former position of the united states have said that they are not minding. staying in power now assad staying in power is a very important russian interest so we now support this russian interest and now america supports this russian interest so i'm sure we will be filled to respect this is not what i am i what i ask you about because for russia preserving syrian territorial integrity and sovereignty east paramount it's not just about who sits in damascus it's about keeping the country intact and i ask you specifically on the american plans not official plans but activ

i think as i have shared in some other places, i think he was someone who helped shape my character and my faith. he was a guy who had multiple marine, he wasa in some sort of crisis or emergency and he would be in a prayer group with other men. it began to shape my future fate. -- faith. looking on that career arc, a lot of us in washington like to believe we are in charge. i think looking back, there is a higher power that has an idea of where we are going. i don't think i could have foreseen the chance to work for somebody like ali, then do the reagan ranch, go to graduate school, be blessed to work for a chief of staff her. and then have a chance to be introduced to mike pence who at the time was working on ironically, a guest worker prram. to be working with him and then be part of the trump campaign, which the emphasis was immigration, is something that is not really plotted or planned. it is something that in prayer, you can say, i hope the lord opens doors for you and closes doors where he does not want you to go. you have an understanding of what their needs are on capitol hill

i think the main problem with. the mainstream u.s. approach to foreign policy is the absence of self reflection i agree let me give you a quick example everyone's talking about the north korean gulag and oh my god they have. so many people in jail no one ever thinks to look at the comparative dimension of this the there is almost almost one percent of the u.s. population is incarcerated it's the highest rate in the world now they stick around for a long time they don't die off so i suppose you could you could say that in defense of u.s. prison policy but we're very quick to condemn other countries and never really suffer reflect what is the matter in our system so i think that. i give trump credit. reluctant to say this too much because i was brought up as a democrat i've been a registered democrat all my life but this is a kind of crossover leader and i think he is attracting as maybe it was george that said this he said tracking crossover voters so let's see what happens if he makes a go of korea i think he's got a second term ok and

but i think -- i actually think that if the democrats win the house back -- which i think they will -- and the senate which i think will be incredibly close and difficult, it'll be because of the young people. it's the most energized generation that's ever been. this is a generation that elected barack obama, the only election in my lifetime in 2008 where there were more people under 35 than over 65, even in 2012. young people are going to the polls, crawling to obama because they saw them as themselves; multicultural, modern, cerebral. he got them and they got him. they didn't vote in the mid- terms. one of the reasons we got creamed in obama's terms. but this was their -- it was just shocking on campus. i'll tell you a quick story about this. i teach it in a couple places. one was yale. in yale, the foreign policy school is close to west point for a variety of reasons. so i'm doing grief counseling. i know the republicans make fun of it bah it was a moment of grief for this -- of it but it was a moment of grief for this generation. so these kids are upset. i see a professor out of t

trump is hoping to get out of it well that's a very good question i'm not sure i think that this summit will be for sure and historical breakthrough and it will be a great photo opportunity for both leaders mainly for clinton good but also for donald trump because just think about what happened in the past few weeks when people were talking about donald trump winning the nobel peace prize for this historical summit so i'm i'm sure that won't donald trump wants from this summit is . a victory in diplomacy that he can tweet easily because that's very important for him and for for his supporters within the united states in terms of practical gains i think that now the focus has a little bit shifted from the complete verifiable and irreversible dismantlement of the nuclear program to something different more gradual and last week donald trump well after meeting with north korea and high official kim young told said that. the summit will focus also on sign a peace treaty to end the korean war so i think that the political and diplomatic level donald trump will focus on the s

but i think it's going to -- i actually think that if the democrats win the house back, which i think they will, and the senate, which i think will be incredibly close and difficult, it will be because of young people. this is the most energized this generation, this first global generation has ever been. this is a generation who elected barack obama, the only election in my lifetime in 2008 where more people under 35 voted than over 65, the only one, even in 2012. young people going to the polls were just enthralled with obama because they saw him as they saw themselves, multicultural, modern, cerebral. he got them and they got him. and they are incensed. they didn't vote in the midterms. one of the reasons we got creamed in obama's terms. but this was their -- it was just shocking to be on campus. i'll tell you a quick story about this. i teach at a couple of places, one of which is yale. and yale, the foreign policy school, is very close to west point for a variety of reasons. so, i'm doing grief counseling, as has happened in many places, and i kno the republicans made fun of it,

i think that stuff's got to go. i i think they have a more balanced, reasoned approach. i already said i think they're socially liberal and fiscally more conservative, say, than the left wing of the democratic party. i think that's good for the country. they approach things differently. there are plenty of good candidates but i want to see somebody of a different generation than ours. i think we're done and we should be done and we should get the hell out of the way and give our -- do some teaching and our skills and so forth and let them run the world because it's their world and i think we had a great run and that's enough. [applause] >> retired army officer from pennsylvania. governor christie, i'd like to ask you -- is this still your republican party? if so, why? and if not, what do you think can be done to bring it back? governor christie: listen, i don't know -- unless i became president i don't think it will be my republican party. [laughter] we all have different views. listen, i'm a new jersey republican. so just start off with that. [laughter] i said to someone

well, i think this type of use is coming. i really do.n using it in the human germ line in the future and the question is who does it and how and how it's controlled. and at the moment it's not? at the moment it's controlled in different ways in different countries i would say. i would say in my country in the us, we're actually prohibited from using any federal government money to do research of any kind on human embryos. so it would not be possible to do it with federal money, although if somebody had access to private funds they could in principle do this kind of work. in the uk and in other countries, the regulations vary. in the uk we have kathy niakan at the crick institute doing effectively using crispr—cas9 for research on embryos under 14 days to remove genes to see what they do in development, their role in development. that is research on embryos. yep, yep. and is acceptable? well, ithink, she's following guidelines that have been in place for a while, since before crispr—cas9 came along. these are regulations that have been in

i do think it's important to know what the views are, but i have found my career plus my thinking has been to be a centrist. i would definitely, if i had to choose one direction or another, i would move towards the left, not towards the right, but i do think that it is important. the problem is just the vocabulary, the middle way sounds kind of wimpy. moshe -- mushy, as is usually described. sec. albright: yes. but i do think, i'd like to hear what the ideas are. i wish there were a way to have -- one of the things i call for that is on my to-do list, how to talk to people that you disagree with. i don't like the word tolerance, from tolerate, put up with. i prefer respect. i want to know what the left and right have to say, but i'm always somebody that tries to bring people together and find that, as i said, compromise is necessary. a lot about democracy is compromise, but it has to be done on the basis of understanding what the position is and putting yourself in the other person's shoes and try to bring them together. you lose -- i think if you're an extremist wherever, you end up

financials i think i don't buy any i posit if you. think of the five. as a list of my ex in the future. what's possible. i . the reason we call these our ships is because they're a ship to sail on the seas of tomorrow that's kind of why we call it that they're not a house house needs power lines coming in and gas lines coming in and so we need lines going out and water lines coming in. nurse ship is the best for a machine that provides all of these things there are six things that humans need on this planet they need water they need comparable shelter that doesn't use fossil fuel they need electricity we need to treat their so each and some way and they need to treat their garbage in some way and they need food these housing units called earth ships address all of these things all over the world and these are the same six things that humans all over the world need to have addressed. living in the community here in the greater worlds there's about there's more than seventy houses about. forty people with families living who know. what when i only used to

i think the main problem with. the mainstream u.s. approach to foreign policy is the absence of self reflection i agree let me give you a quick example everyone's talking about the north korean gulag and oh my god they have. so many people in jail no one ever thanks to look at the comparative dimension of this the there is almost almost one percent of the u.s. population is incarcerated it's the highest rate in the world now they stick around for a long time they don't die off so i suppose you could you could say that in defense of u.s. prison policy but were very quick to condemn other countries and never really suffered flecked what is the matter in our system so i think that. i give trump credit. reluctant to say this too much because i was brought up as a democrat i've been a registered democrat all my life but this is a kind of crossover leader and i think he is attracting as maybe it was george that said this he says attracting crossover voters so let's see what happens if he makes a go of korea i think he's got a second term ok

>> i think all of the summits were symbolic. i believe president xi never exorthorea to completely surrender nuclear weapons. it is clear that north korea has a two-phase strategy. phase one, try to acquire basic nuclear capability and that was achieved by the end of last year. and now north korea begins phase two, the primary objective is to retain the capability to develop a normal relationship with the outside world. i think north korea is achieving that goal right now. but standing from where kim jong-un is, i think after securing h regime's survival, after addressing the security concerns, he is looking at long-tertegym straor the country in the future. i think from where he stands, she has a long-term strategic goal of creating a good environment in which north korea can have one condition for creating that good environment, to have a long-term positive relationship with washington. but i disagree with what kim jong-un says, that he is looking for one opportunity. i think he is looking much beyond and wants a long-term rela

it is in trouble i know but i don't think the trouble is as deep as it's made out to be i think there's a you could say in a way that the whole for. playing good cop bad cop or bad cop good cop not good being the good cops you have being the being the bad cop but essentially pulling on the same rope if you see if you said i mean because well look firstly. talking about rope zero for gave me. an ultimatum to come around to his position or he would impose border controls unilaterally by last monday monday came and went and nothing happened except that the over extended his ultimatum to two two weeks to go so michael could get the courage of his convictions he says yes he's already climbed down and he hasn't really said if you don't get what i want i will do that he has said he will be back. well people say that don't they he's climbed down he's proved that he's really just a cuddly teddy bear and not a roaring lion horses a hole for a cuddly teddy bear yeah he has that kind of look doesn't ease of this sort of shambling. that's going to go is this a crisis about merkel's coalition governm

what are your thoughts >> i think disney wants to be to have fox but i don't think it's must-have. i think they will be a disciplined bidder i think what we are hoping for is that there could be a compromise, perhaps they could split the baby my sense is that disney is particularly interested in sky and disney might have more interest in much of the rest of it we will see. i think at the end of the day disney walked away from fox there business would be fine. >> in terms of comcast how high do you think they could go it has been telegraphed and report that the the roberts really really want these assets, especially the international assets, which would mean -- which would be game changing for the company since there is no international presence right now. how important is that in the long run for comcast. >> i think that the roberts to their own drummerty to march clearly their investors haven't been supportive but they don't need to worry too much about that i think one of the he other wild cards here is is it just disney and comcast? i wouldn't completely discount the possibility

i think the topographical humor is important. i hope you see my belief that an engaged american population and american citizenry can have a great impact on the station. we can't underestimate the power we have our citizens. as a young man, i saw an aroused american people stop a war that has gone on too long. saw an aroused american citizens -- citizenry push toward inequality that has long been thought but not attained. i think this is a new american engagement. we all have the responsibility of american citizens to be involved -- this goes toward justice. that really only happens when people like yourselves for your hands on that important or justice, if we are about that, if we are about pulling that for justice, we can make this great. it is not about making a great again. it can be better. this country is always at his best when it is honest about the problems that it has to face and when it comes up with solutions to those problems. each area is defined by whether ours hasis country of been successful at addressing those is

i. think it on the whole you're right but i think the u.s. in the trumpet ministration is underestimating the options others have in the world are limited exit or i wish to react to some of the things we have said here because there's a very real possibility there could be a real trade war but i don't think we're there yet it depends on how everybody reacts ok and not just two words donald trump is good with words but see about actions let's go to alistair go ahead yeah i mean i don't quite buy this story that . you know the trump is really having a go at trying and all the rest of it i think it is part of a negotiating process and i think we have to bear in mind that there are two things going on in the background firstly we've got midterm elections coming up later this year you had two and secondly there seems to be an ongoing battle within the white house between the established intelligence services it seems to me and donald trump and maybe that the military on his side and so there is a sort of turf war going on which actually is all abo

i think we will do. to before my time expires, one of the issues i suspect would be president putin asking to make decisions about ukraine without ukraine at the table. that has certainly been the approach taken in the past. again, in your role, i expect you to have strong roles -- strong views on this. how would you advise the president on the sanctions and what's going on at the border of ukraine? to i'm not going to engage in too many you -- too many hypotheticals. i think the legislation is clear, what specific actions would be needed on the part of the russians in order for us to lift sanctions. i think we have shown our resolve, not least, by providing defensive aid to the ukrainians and to the georgians. i believe beyond that, our overall mindset has to be that we keep the door open to constructive dialogue where there are shared areas of interest. it's increasingly hard to see whether our dose where there are -- it's increasingly hard to see where there are shared interests with the u.s. in russia

well i think i think probably britain is a global because it has its position in the united nations security council of the commonwealth you know it is one of the largest economies in the world so i number six so it is a global play i don't think that we should get above all cells i mean bred to be british but we are not a superpower and we should not pretend that we are a superpower we haven't got an empire anymore nor should we have one so i think there's a limit to what britain can achieve on its own what we what we can achieve is is work together to to build will peace through working with other countries we're not going to do it as little britain on our own and so i think if boris johnson is saying that then he's wrong so even inside to rest amaze cabinet there is no single vision on brocks at itself with some ministers differing over the divorce and it's all become quite public how have they failed secured her cabinet line and in fact the bracks at negotiations for the united kingdom i think she's filed to keep her in law and because there is this fundamental split in the cabinet that

i think i mean the one thing i think we're in a completely different era in politics. you and i have both been accused many many times of kind of you know pushing the truth being to being too aggressive whatever but this is something of a completely different order this is where people knowing something to be untrue knowing something to have been exposed as being untrue feel the confidence to be able to go on television. and that's to reason. we want to resume a i don't think i'm afraid this sort of peter and playbook is basically whatever you say is the truth about time and the actual factual situation kind of doesn't matter very dangerous game to play and i was very i was genuinely surprised trees and i played it. thank you very much. now the opposition has difficulty uniting but then so does the cabinet for the last two weeks have been full of more foreign secretary unthreatened resignation however the government can depend on one set of reliable allies the democratic unionist party access leading d.p.m. pisani will send whether that support with unconditional. samue

so i think. quite a lot is is also quite a lot of his political also a show but of course for the e-mail it churns a little resistance or you know if this was soccer people talk about soccer a lot these days people would be saying it's a grudge match their horse to zip over to me bears a grudge against angle americal from the way she behaved towards him and with him in twenty fifty well you know it's not just the cuddly bath you know you know lots of men bear grudges against america and up till now she's managed to serve off the sea off every single one of them. that you know there was a german there was a talian cowboy western movie which was called in german russian flag stands and vague bodies plaster his his path that america and the always going to be the next come on he's not going to get what he wants. but you here you're drawing right. if it's not the only one i wouldn't just cut it down to the makah. antagonism if the whole party that's behind and other people in the party like the last

i think out of those three, netflix. know it's preprosperous to say it they report i think the middle of july. by the way, and i'll say it again, i think all this, you know, comcast, it's all about hulu in my opinion there are other things, i get it it's all about competing with netflix. this just gives netflix that much more of a lead in my opinion which is why it continues to go higher. >> i agree i love nvidia. but netflix is the clear winner in my opinion of these three i still think there's a lot of momentum there reid hastings has done an excellent job from a sub-b expectation game i think that continues they have a tremendous amount of growth in international markets. they're an original content owner. >> and a huge fan club right now. >> please, and i'm the guy that's been wrong about this while these guys can gloat >> i'm not gloating. >> finally, this is a company that has doubled, doubled, since december okay are you telling me that the world has changed that much, that this company really should be trading at

because i don't think that's realistic. i don't think the u.s. would -- if they could get a deal on just real deal on nuclear weapons who cares if north korea has some missiles that -- i mean, biological or chemical weapon is a weapon of terror but not an effective weapon of war delivered in that kind of way. i think you could easily deter north korea in that scenario. the key thing is the nuclear weapons. so if you step him back a little bit from that insistence of push and give him flexibility in the group he's got more reason to be at the table if the discussion is not necessarily about everything. >> sort of on the domestic side and continuing this theme is abe was seen as having the best relationship. and then the u.s. pulled out of tpp. you know, now japan doesn't -- isn't exempt from tariffs. you know? early on when there was the aso/pence initiative seen as kind of i thought a really kind of brilliant move on japan's part of appealing to sort of trump's desire for focus on jobs and, you know, reducing deficits, et cetera, i haven't heard a

>> i think can you ensure anything? can i ensure that you'll be able to sit down properly when you sit down? you can't ensure anything. all i can say is they want to make a deal. that's what i do. my whole life has been deals. i've done great at it. i know when somebody wants to deal and when somebody doesn't. a lot of politicians don't deal. but it is my thing. again, this could have been done, i think, easier a long time ago. i feel strongly, my instinct, my ability or talent, they want to make a deal. and making a deal is a great thing for the world. it's also a great thing for china. i can't imagine that china is happy with somebody having nuclear weapons so close. china was very helpful. i think he wants to make a deal. can anyone be certain? we'll be certain soon because the negotiations continue, okay, thank you very much. >> you mentioned that you have raised extensively the issue of human rights with chairman kim. >> yes. >> i wonder what you would say to the group of people who have no ability whatsoever to hea

i think people may feel very differently about the fed. people have gone 180 in terms of how aggressive they think the fed is going to be that may be right, but i'm not so sure. >> so despite global uncertainties our next guest says we are heading back to all-time highs and just keep buying let's welcome back keith parker head of u.s. equities at ubs take a look at the s&p 500 earnings estimates for the year and i guess you think that they're pretty firm? i mean, it feels like at this point in time maybe the risks are to the down side given the uncertainties in the market like trade. >> so we do have definitely a number of uncertainties this week as we said, we'll see how is week goes. in terms of earnings we had an 8% beat in q1 earnings what did estimates do for q2, 3, 4 for the rest of the ye those beats? nothing. so in terms of sentiment, we didn't see the upgrades. >> there's no reflection in terms of the up side beat for the rest of the year >> correct so you have a cushion. the bar is lower i think to the point for starting out the y

i think that is largely true. we also know north korea has shown a willingness in the past to proliferate. i thk s sothing that has to be kept in mind when thinking about the returns and also about verification. that is not, in my mind, and in sick it -- insignificant risk. toby: if you want? >> if i cad tt bit on what are possible mate -- ways, i agree with laura that in essence, it has to be some kind of step-by-step. toward thathis phrase or concept, i think maybe be phrased as can a comprehensive deal -- for instance, the release of the u.s. citizens prior to the summit, voluntarily, at least from what was revealed to the media. although there are questions at remn about the explode -- of the nuclear site, things like that. they are done theoretically voluntarily in advance. work onings, if we can getting ath korea reciprocal brooke rd, ta showing a big, carrot ahead, i think that would enable the president -- the trump administration to say, we are not taking step-by-step's. they are doing this voluntarily. be

i think it is important for us, as well as our allies. i hope you will continue to work with them on that. i think it is in our interest that they do have a screen. with regard to u.s.-russian relations, you made an interesting point earlier which is you can look at the rhetoric or you can look at the results. it is pretty impressive in terms of what this administration has been able to do in terms of pushing back in some very specific areas. the sanctions were talked about , understandably. the administration did sign the legislation and has implemented those sanctions. the sanctions are appropriate as to not just the illegal annexation but also other issues. i think it is a perfect way to keep sanctions in place with regards to providing lethal weapons, defensive weapons to the ukrainians to be able to defend themselves. we worked with the obama administration for years. as you know, we were unsuccessful. there was some concern initially with the trump administration. my recent trip to ukraine, i was able to see the results which is that

jane: i think i always found it interesting. we would literally sit around the kitchen table talking about politics mostly, but in the st, talking about john kennedy, talking about nixon, the vietnam war. during nixon's presidency, and that was time,teresting because everyone was arguing a great deal about what to do about that. i think my first real political memory is watching president nixon get on the helicopter as he left the white house. being a kid and not really understanding what that was about. so i think actually i kind of liked this way back. susan: if you could tell the audience about young people, we might not say they are not really interested in the study of history, they do not care, they're all temporal -- would you disabuse us of that notion, do you think that you see a change in your students over the course of time? jane: i would disabuse that notion. i don't think this generation is any less or more interest. in fact at this moment i think they're more interested. i think there are looking for some guidance

well i think i think i'm fortunate the moment is still in the minority their voices on being and you know one encouraging thing for me is that there are more people saying that now than than say a couple of years ago a couple of years ago things were. pretty bad in terms of their research phobia and the rhetoric which was used against russia in the house improve noticeably in the house of lords i think. in the house of commons is a bit more of an uphill struggle but nevertheless there are people increasingly speaking up and saying you know this is all very well but where where is this going to lead us you know where all sanctions going to lead is where is all this rhetoric going to lead us to you know do we want to end up in a conflict with russia i mean what what's the endgame it doesn't really make sense and at the end of the day you know we should have a dialogue there are many areas where we need to engage quite frankly and then there is also like the culture of discourse and the language that countries use to confront each other why has the diplomatic language used by united kin

i think it's great. i would approve it with all the recommendations, except recommendation 4, but make it 180, and without recommendation 5. >> since a number of people raised it about the use-it-or-lose-it provision. what you've done in other cases, if i'm right, after the three years if the project is not moving forward, we would schedule a hearing for you to consider revocation. it wouldn't automatically mean that it went away -- >> president hillis: i'm not a big fan of use-it-or-lose-it because if the economy dips -- everybody thinks things are not getting built because of construction costs. we'll just be back here with projects again and making people go through the process. it sounds good, but i've yet to meet the developer that's not building their project becauser that just waiting around for something even better to happen. i think it's construction costs or the economy dips. i think it's the rare case that -- it's just not great. prices are crazy. we can sell for a lot of money, but we're not

i think there is a good chance. there was a bipartisan discussion of this. some differences of opinion. certainty we ought to get some legislation passed. we approve of what the president did but i would call that a short-term solution. the solution has to be legislative. we shouldn't be pointing our finger at the president because we're elected to legislate and this -- you bring certainty with legislative action. host: so as a point of capitol i might ask, hill has been trying to work on immigration legislation for months. unsuccessfully. for those in the administration who saw this policy as a means of moving capitol hill, do you think it was effective? sen. grassley: the president doing what he did? is that your question? host: initial detention of eople -- senator grassley: well, i think there are a lot of things people think congressmen are supposed to know. how laws are enforced you don't know that right away. i think the public's attention was brought to it. for instance, there has been three or four months since i got the massive phone calls from iowa

will not tell you what i think. you what our survey sa we have quite a robust institute that does surveys regularly around the year and tatts institution investors around the world. in 2015, that survey said that investors thought they would have more than 40% of their assets allocated to passive strategies in 2018. in 2018, 30 2%, and our survey this year said that this would stay flat. institutional investors are telling us they have the right allocation and they have right sized it and they will much decrease it. scarlet: it depends and where you see the market heading as well. passive gives you what the market gives you, good or bad. active gives you what your manager gives you. julia: coming up, some total investors think the company is in need of change, including standing back -- scaling back in some tesla -- investors think the company is in need of change, including 's role.back elon musk scarlet: no, say it isn't so. julia: this is bloomberg. ♪ julia: "what'd you miss?" under pressure. activist shareholders

i think china will help out. i think japan will help out. i do not see united they spending a lot of money. we had three hostages. how much money did we spend for the three hostages? we are very far away. we are very far away. those places are very close, in the neighborhood, within a thousand miles away. so i already told south korea, you are going to have to get ready, and japan, also. and i think they really want to see something great happen. japan does, south korea does, and i think china does, that is no their neighborhood. >> yesterday you were concerned about the meeting with lavrov with kim jong-un. president trump: i did not like it, but it could be positive. i did not like the russian meeting yesterday great i said, what is the purpose of that? but it could be a positive meeting. if it is positive, i love it. it is a negative meeting, i am not happy, and it could well be a positive meeting. >> [indiscernible] president trump: that could happen. that could happen. we talked about it. we talked about ending the war. -- itar has been

you or trade them why didn't i think the regime in pyongyang no i think i helped them because i think cheap things will change i think i've helped them there's nothing i can say all i can do is do what i can do we have to stop the nuclear ization we have to do other things and that's a very important thing so at a certain point hopefully you'll be able to ask me a much more positive question or make a statement but. not much i can do right now at a certain point i really believe he's going to do things about it i think he i think they are one of the great winners today that large group of people that you talk about i think ultimately they're going to be one of the great winners as a group yes are going to you know would you ever consider removing the sanctions without significant improvement in the human rights situation no one significant improvement i want to know that it won't be happening and again once you start that process there will be a point at which even though you won't be finished for a while because it can happen scientifically or mechanically but you're not going to be

i think that's a good point and i don't have the numbers in front of me. obviously the issue of folks living in the u.s. illegally comes from a lot of different places. it's not just people crossing the border. i think something like 40% of the people who are in the country living without legal status are folks who stayed on their visas, so a number of those people, you know, flew in from other countries and stayed, so there certainly is that. i think what we ear seeing on the border right now is this crisis situation because of this, you know, in part because of this new policy that the administration put in where they are duke this clampdown, this zero tolerance that's now quickly, you know, instead of having it being a civil proceeding,ing this those folks charged criminally which starts the whole process of the family separation and that makes it may be different than the traditional immigration issues that we see with folks coming in from other countries and simply staying beyond. >> many by now have heard that i was asked to leave a restaurant this w

rob i think i've got a very good we're going to they don't have any policy ideas i don't think that's an accident though and that's why again i'm very disenfranchised by the two party system right now because i don't feel that there's anybody with power in politics with the exception to bernie sanders that represents any of the policies and i am going to jump in here i'm going to jump in here we're going to go to a short break and after that short break we'll continue. discussion on political stability stage with r.t. . to. join me every thursday on the alex i'm unsure and i'll be speaking to guest in the world of politics sports business i'm show business i'll see that. he's very valuable and very competent so so far we go to do something to be competitive as a footballer and therefore we know from when we come back to the. rich old this no legends and we can perform it's. free brags that it was all about the british my to bring back five hundred factories are going to export our way back into a g.d.p. rocketship and take on the world cool britannia go britannia well it turns out the

and i think. one thing is ronaldo in real madrid another thing is wrong although in the portuguese national team there are two different it was me with a real madrid is a better team we don't have regional depth on the cross we don't have. a muscle on carlisle two to attack and to produce as much as we do we don't have. a nine or a fake nine like him. i want to play together with with christiane so i see. you because it is a different one what about all this this trouble that we call a power play i think it is a little bit of a play for the president. how is that going to affect the players do you think i think it would speak to me tomorrow. you'll see everything at the feet tomorrow. every single yes speaking about it can create a difficult situation for them but the group phase i think doesn't matter the result tomorrow they're going to do it so they're going to have like a couple of weeks to. digest the situation and to be ready for the call by saying spain you have a look at that it will be al

the only palestinians who gets the most hope from its jerusalem counterparts i don't think this is about those who endure the vision of no one who could do this. and that is a long shot that is too hard for this lady of the most of the i know if you can give me a muslim she would be more commitments also don't piss off. kids . those who don't consume don't think and doesn't do it on jelly their own local saying i'm down in that equal distances muslim into what he calls his tells me that . don't. know him doing. that to those i wouldn't necessarily assume toss out of the astrodome. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is often scary dramatic to follow only i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. my uncle will be getting compensated on both tonight but if. you don't know because. it's not. going to. get. me home. on the which i didn't get showed up to move this little i'm listening to in the can in the field in show mr certainly must. not. consider t

good thing because bullies in politics they shut down civil discourse but in this particular case i think the left has taken it far too far steve case one but there are a lot of other cases here that we're seeing almost every day now and the political environment you know. i used to remember is that ok i can understand you know the liberals used to be the ones that were taller and in want to dialogue and wanted to engage people and now we have a president who can be quite vulgar at times i think everybody on the panel and our viewers would agree many times he's a pretty he's a bit rough ok but why does the left now have the in the late that i mean aren't they supposed to be better they've always presented themselves as being the better part of the political spectrum it seems to me they want to get in the mud. and fight it out that way which is not really part of the left's tradition at least my reading of it go ahead. well there is an old expression that you don't get into a peeing match with a skunk and i think it's been a huge error on the part of democrats but i'm going to make it clea

but i think this is not the way i would have set up a summit but i think it was worth a go. came from that was quite disappointing and leaves a lot of work and a lot of questions and with all due respect to ambassador hutchison, the statement did not go as far actually as we went in 2005 under present george w bush and the joint statement of principles or indeed in the 1990s. so we have got to make up for lost ground with a more challenging situation now it is a big challenge for president trump and ijust want to see what happens going forward. what does this mean in north korea because by flattering conjunction you can increase his legitimacy? i wish i knew how this impacts miscreant people and as a state. i think just from general observations it will boost his domestic appeal at home. this is just based on what he seeks to continue and he has a long way to go, here's the young man and without tiring any other major interventions he has many decades in power so i think it will boost his standing at home not because he's lucky enough to meet the american president but he is

look, bottom line, i think trade tensions, i think issues with china are a big deal i think ultimately the global trade dynamics which have, if you listen to these beige book surveys and listen to regional isms, people are concerned about trade issues trade issues have been the biggest impediment the top of the range, why do we need to go through higher -- it's a major risk. let's not forget about italy >> so the risk is to the downside in your view? >> that's what i'm saying. >> one thing, the time warner deal, what happens to sentiment in general that's a major catalyst in my opinion. everything else aside for the moment. >> you think that happens? >> i think it gets done. beyond it, because you look at what president trump has done with amazon for instance based on the fact that jeff bezo, they own the "washington post." >> what is the at&t have to do with amazon? >> if the government loses this case, i think they will have egg on their face to the point that i do not think they would actually press any other nonsense -- >> is this the government that -- >> no, no, 100% -- >> i thin

>> i think, i mean, i think your argument, it can go both ways. immigration is a very complex -- each immigration policy is terribly complex and right now has been sequestered. i'm not fully convinced that congress does not want to. i to think that they just have been able to move us forward as they can because of all the patches that people have, that governments have put into immigration solutions. and that's the main issue. when we look at the demand for foreign labor in the united states, the outflow of people coming here because of jobs or because of insecurity, there are four issues to address; immigration reform, recruitment -- i mean, the, h2 visas for low-skill labor can be increased. there are only 60,000 visas. and central americans would represent basically 90% of the low skill foreign labor in the u.s. could fill those visas through a guest worker program. retention. you know, having a different type of developing strategy in central america. so the strategies exist, and the fourth one is very important p relief. it's not just the man

been hurting emerging markets against the backdrop of a fed tightening and tighter global liquidity i think the consensus is beginning to emerge that basically the trade wars the dollar probably will end up being a winner from that i mean that's been the view over the last couple of weeks i think helped also by this sumption of weakness in euro zone and obviously europe has been a bit of downward pressure not helped by politics in in italy and then obviously ongoing at the moment for all the immigration concerns or immigration battles in europe as well but it does look like the dollar is on an appreciating trend does that mean then that debt stress for developing economies which borrowed in dollars that's more of that is now inevitable. well it means more pressure ming you know we enter the year in a goldilocks scenario for emerging markets or appeared that way with d.m. central banks tightening but moderately but the assumption was that global growth would stay pretty robust and as long as global growth stayed fine then on the revenue side emerging market countries will be more than able t

i think we need to keep our eyes on the objective. nothing about north korean human rights will improve in an adversarial relationship with south korea and the united states. i cannot predict what this congress will do, but i hope they will see these are not mutually exclusive outcomes and it is arguably the best way to try to make progress on human rights in north korea. i have been told that by north saidn officials who have kissinger did not go to beijing thelecture mao about revolution. he me a strategic opening. and addressed human rights issues later. frankly, i wish nixon would have mentioned there were 30 million in prisons when he visited but , he didn't, but i think trump will probably finesse this issue with congress. jenny: i can't imagine that the north koreans would even ask for a congressional mandate. realistically, that is what they will build into the deal itself. that is why having a short-term deal is unrealistic because they will want to build in assurances over time. it is not just about congress, but the administ

>> i think it's still shocking. i really do. was so baked for it that the shocking thing to me about how people read "port noise complaint" is when they mistake phillip roth for alexander portnoy. it's thinking big brother in 1984 was george orwell. certainly roth's subject was desire and the torments that he would call the two method males. but it was also -- it was also about death. he was writing about death and sex was a way to stave off death but was also kind of a self-murder in portnoy. in some way. so i think it was still he was a transgressive writer. he was born in 1933 and writing against the puritanism that reigned in those war years and the 1950s. >> obviously phillip roth got a lot of criticism by members of the jewish community in the united states who thought whatever he wrote in "good-bye columbus" and "port noise complaint" was anti-semitic. he was surprised. he didn't think of it like that at all. is that what you mean? >> and i think history has corrected itself. the literature's job, the writer's job is not

i think everyone understands on this committee -- i don't think anyone is, i mean, denying the need for obvious public safety and police officers, and even mentioning that there is a way to get to the 250, but in your opinion, i would just like to know whether or not the suggestions on the way to get to 250 are realistic right now or, in your opinion, whether or not we can get there any other way than you've proposed. >> immediately, i don't think that's realistic for immediate enhancement of the police department. i think the civilianization, to take a look at that, is a process that's going to take a little bit of time, any way. those positions to fund those academy classes are very much needed, i think, and realistically, it's needed right now. >> supervisor cohen: thank you. thank you. supervisor yee? supervisor yee? >> supervisor yee: the positions are needed right now. the 250 that you're suggesting is over a four-year period, so can you explain the difference between you need it right now and -- >> -- 18-19 and 50 positions for 19-20, and we're also talking about the 80 we've bee